diff --git "a/reddit_finance_43_250k_265.txt" "b/reddit_finance_43_250k_265.txt" new file mode 100644--- /dev/null +++ "b/reddit_finance_43_250k_265.txt" @@ -0,0 +1,10000 @@ +*\*My YouTube channel is "monetized" if that is something you are uncomfortable with, I understand, while I wouldn't say I profit greatly from the views, I do suggest you use ad-block when viewing it if you feel so compelled.* *My intention is simply benefit this community. For those that find value in and want to reward my work, I thank you. For those that do not I encourage you to enjoy the content. As always this information is intended to be free to everyone.* + +\**This is not Financial advice. The ideas and opinions expressed here are for educational and entertainment purposes only.* + +*\* No position is worth your life and debt can always be repaid. Please if you need help reach out this community is here for you. Also the NSPL Phone: 800-273-8255 Hours: Available 24 hours. Languages: English, Spanish.* [*Learn more*](https://suicidepreventionlifeline.org/) +Hey I'm about a month into researching and beginning to execute long-based day/swing trades, one thing that I'm seeing a ton of people post about is how big of a difference a mentor made for them, and I'm wondering how I can go about meeting one. + +All suggestions welcome and happy to share any information about myself. +**TL;dr Ex-Belk CEO Nir Patel (current GameStop COO) Ex-Belk executive Tim May (current GameStop Vice President Supply Chain) and GameStop CEO Matt Furlong were accused in August of stealing Belk talent over to GameStop. The case was dismissed with prejudice today in federal court in North Carolina. Dismissal with prejudice means a plaintiff cannot refile the same claim again in that court.** + +Copy pasta from [The Charlotte Observer](https://amp.charlotteobserver.com/news/business/whats-in-store/article269091652.html) article: + +NOVEMBER 23, 2022 + +Belk has reached a settlement with its former CEO, another former executive and GameStop Corp. in its lawsuit over alleged “deceptive trade practices.” + +A dismissal of all claims with prejudice was filed Tuesday in federal court in North Carolina after all parties signed a settlement agreement Nov. 16, according to documents. Dismissal with prejudice means a plaintiff cannot refile the same claim again in that court. All claims are dismissed and the case is to be closed, according to Tuesday’s court docket. + +The Charlotte-based department store chain in August filed a lawsuit against former CEO Nir Patel, former senior vice president of supply chain Tim May and video game store GameStop Corp., accusing them of stealing its employees and payroll information, The Charlotte Observer previously reported. + +Just three weeks later, court records showed settlement discussions began and a case dismissal was possible, The Charlotte Observer previously reported. + +Court filings on Nov. 17 said all of the parties were satisfying obligations in the settlement agreement and expected Belk to file a voluntary motion to dismiss the case over the next two weeks. + +Terms of the settlement weren’t disclosed. Belk officials declined to comment. Attorneys for GameStop, Patel and May did not immediately respond to a request for comment Wednesday. + +## BELK’S LAWSUIT BACKGROUND + +Belk accused GameStop executives, including its CEO Matt Furlong, of encouraging “unfair and deceptive trade practices,” according to the lawsuit, by aiding Patel’s poaching of high-ranking Belk employees. + +Belk was seeking damages and demanding that Patel, GameStop and May stop sharing confidential employment information and recruiting its employees. + +On Oct. 14, GameStop and May filed their responses denying Belk’s allegations with a motion to dismiss the case saying Belk failed to support its claims for “tortious interference or unfair and deceptive trade practices.” + +In a separate filing, May admitted emailing “certain documents” from his Belk email to his personal email but denied he stole Belk’s confidential information or intended to use such information prior to his departure from Belk in August 2022, court filings show. + +**“The relationship between the damages allegedly suffered by Plaintiff and Defendant’s alleged actions is too remote and speculative to form the basis for any recovery against Defendant,” GameStop said in its response.** + +Belk was represented by Jacob Wharton and Patrick Spaugh of Womble Bond Dickinson. + +Patel was represented by Winston & Strawn, LLP. + +May was represented by Marc Gustafson of Bell, Davis and Pitt in Charlotte. + +GameStop was represented by Robinson, Bradshaw and Hinson in Charlotte and Gibson Dunn & Crutcher. + +edit: **TL;dr** + +**Ex-Belk CEO Nir Patel (current GameStop COO) Ex-Belk executive Tim May (current GameStop Vice President Supply Chain) and GameStop CEO Matt Furlong were accused in August of stealing Belk talent over to GameStop. The case was dismissed with prejudice today in federal court in North Carolina. Dismissal with prejudice means a plaintiff cannot refile the same claim again in that court.** + +**IMO GameStop lawyers seem pretty sharp 🤷‍♂️** + +&#x200B; +How is this possible? What is driving this stock to hit an all-time high each month for the last 5 months while what seems like everything else has been in a downtrend? Would love to hear your thoughts. +# + +[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? +John Ray, the new FTX CEO, is the same person who restructured Enron after its scandal. His take on FTX under penalty of perjury - "Never in my career have I seen such a complete failure of corporate controls" + +&#x200B; + +https://preview.redd.it/uskxndamlq0a1.png?width=1174&format=png&auto=webp&s=5e5660e92552f816788e6ad247fda9b9b42395b0 + +The company did not have any cash management system. + +\- Expense reports were approved by emojis over chat + +\- Corporate funds were used to buy real estate and personal items for employees + +\- Loans were issued without keeping any records + +https://preview.redd.it/ud459camlq0a1.png?width=1233&format=png&auto=webp&s=21e4483486166ba5bcfdd29c5ffa2ea2e1c223c8 + +There is so much going on with the bankruptcy that a $1 Billion (yeah, with a B) personal loan to SBF by Alameda research is just a footnote! I am guessing it was for charity /s + +https://preview.redd.it/62csybamlq0a1.png?width=1205&format=png&auto=webp&s=19b21f1817aab7337ae534af90326ca98c8a2daa + +One of the worst findings was that there was no record of who made a particular decision. SBF used applications that auto-deleted messages and asked employees to do the same. Just as a reference for how crazy this is, imagine running a 1,000+ employee company on Snapchat. + +https://preview.redd.it/7hs7ffamlq0a1.png?width=1188&format=png&auto=webp&s=5388b42e8f96b2f1c32f3a690c0e05991e52dc0e + +Whatever minimal auditing was done was also done by firms of questionable reputation. (Ray has stated that he has substantial concerns). Audit for FTX(dot)com was done by a firm that stated that they were the first CPA firm to open its Metaverse headquarters in Decentraland. + +https://preview.redd.it/qjiemeamlq0a1.png?width=1177&format=png&auto=webp&s=334a2faed9983839b9616e10934841bd0ed743d7 + +Most of the companies under the FTX umbrella did not have the right form of corporate governance. Some never even had board meetings. + +https://preview.redd.it/84x1ddamlq0a1.png?width=1162&format=png&auto=webp&s=10dbed1cd12132aa7709b5cd92dad360c91bdc94 + +The corporate controls were so bad that the bankruptcy firms do not even have the full list of employees. Imagine running a multi-billion dollar company and not knowing which employees work for you! + +https://preview.redd.it/sb40ogamlq0a1.png?width=1140&format=png&auto=webp&s=c2e2f06c1ffaf103677d7eeb8811bfb9e17e10a7 + +For someone running a crypto firm, they kept no records of their digital assets. We have no idea how much crypto customers have deposited in the platform. SBF and Wang had complete control over the assets and **used backdoor software** to conceal the misuse of customer funds. + +https://preview.redd.it/eqd6rhamlq0a1.png?width=1037&format=png&auto=webp&s=9046ba38509cf8184df2db040d683b9dec6e2917 + +The unaudited balance sheet provided as of Sep 30th (before the collapse) for FTX US stated total assets worth $1.36 Billion. **If** this is accurate, at least FTX US has more than enough to cover at least the fiat deposits (not crypto) of its customers. + +https://preview.redd.it/qndvojamlq0a1.png?width=1054&format=png&auto=webp&s=6a31b2d242999df89be139b65b316241a34feb4b + +Only $740M worth of crypto has been identified in cold wallets. There was an unauthorized transfer of $372M + in cryptos on the day the company filed for bankruptcy. Forensic analysts are now trying to find out what happened to the rest of the money. + +https://preview.redd.it/e1972lamlq0a1.png?width=972&format=png&auto=webp&s=671c3fa7b6a894bf43f19372d0430b371f02254e + +All in all, it does look like SBF knew what he was doing and did everything from not keeping records, auto-deleting messages, and backdoor access to avoid getting caught. This one's going into the history books. + +https://preview.redd.it/dp5stnamlq0a1.png?width=996&format=png&auto=webp&s=3b71c7b6e3efac3abce937f764694334d3487590 +Hi there, + +I'm wondering if you can advise. + +I am currently in the very early process of looking for a new job and when completing job applications I'm typically met with the mandatory question of my current salary, which I'm hesitant to disclose as I'm worried that by doing so could work to my detriment. + +I completed an application yesterday where I put 'N/A'. An application I'm completing today is only accepting numerical figures. Of course, I've heard of people inflating their salaries, but I'm reluctant to do this out of fear of being found out. + +I'm wondering what other people do in such situations? +So as the title says I am very in debt due to some very bad financial decisions as well as some stuff going on in my personal life. Im fully accepting that I made this bed and now I'm lying in it. + +My debt is as follows +$20,000 on a 11.99% CC +$9,000 left owing on an auto finance + +Currently I make $26,000 a year after tax which works out to be about $2154/mo and $1077 each paycheck. Currently my fixed monthly costs are as follows + +Rent - $790 +Auto Loan - $340 +Car Insurance - $210 +Gas - $120 ish +Dog food - $90 +Food - around $200 per month +Phone - $80 +Gym - $30 + +All this equals around $1860, so after all that I have around $294 left over for paying debt or anything small for myself. + +My minimum payments for my CC are around $200-$250 arm so I'm barely paying my monthly interest at this point. + +I just secured a job where I will be making $32,891/year after tax, $2740/mnth which after all my fixed expenses will leave me with around $881 a month. My main question is should I put all of that towards my CC Debt or should I be putting maybe minimum payments + $250-$400 towards that and putting the rest in savings? + +Edit: I thought I had it in the post but it appears I didn't put it in. I live in British Columbia Canada + +Thanks everyone for all of the tips and help, I will try to read all the comments and take into consideration what everyone said. I really do appreciate it and I hope that this thread will help someone in the future if they find themselves in a similar position. +1) Musk changed his Twitter profile picture to a bunch of Bored Apes. + +2) APE jumped up 20%. The news was spreading fast. People wanted to ride that train "to the moon." News articles started to emerge *"APE soared..." "Elon Musk changed his Twitter profile pic..." "Musk endorsed BAYC"*... + +2) Musk tweets: "I dunno... Seems pretty fungible to me." Perpetuating the idea that NFTs are essentially jpegs that anyone can make an unlimited amount of copies of. + +4) APE drops all the way back and keeps going. From this point, as usual, it may go up or down. + +If Elon gave the market several days before delivering his punchline, the results on APE FOMOers would have been catastrophic. + +What lesson can we learn from this? I dunno... Someone learned not to invest based on Elon's tweets today for sure. + +Btw, those articles still keep popping up... +Hi, + +I have a small inheritance that I am considering putting into Premium bonds for a while. In the short term I gave no use for it and am not interested in putting it into a stocks and shares ISA or savings account. + +Those who have premium bonds, I'm curious as to whether you have won a draw prize. If so how much. + +I have heard that if you put in a lump sum you were more likely to win, is this just the balance of probabilities (more chances to win if you put more in) or is it a weighting? + +Thank you! +What Is Robo Inu Finance (RBIF)? + +Robo Inu Finance is a community-owned cryptocurrency inspired by NASA. + +Robo Inu Finance endeavors to create an open-source ecosystem which allows everyone to gain financial freedom. Recent market studies have shown that blockchain technology is bringing innovation by replacing any third-party or broker interference. However, the existence of intermediaries cannot be ignored. Thus, Robo Inu Finance is building a platform that seeks to ensure fairness and provide a reliable environment for digital asset transactions. To achieve this, Robo Inu Finance has integrated a smart contract into its protocol. Smart contracts are just like regular contracts; however, instead of being drafted on paper, these contracts run in the form of protocols on the blockchain. + +In addition, the platform also seeks to facilitate cross-border transactions by leveraging blockchain technology, meaning that the users can convert their crypto assets into traditional currency and send it to their friends and family residing anywhere in the world. Further, the inspiration behind creating Robo Inu Finance is the famous NASA story of launching Robo dogs to Mars. + +Moreover, the Robo Inu Finance ecosystem seeks to revolve around the following features: + +RoboWallet: This wallet aims to allow the network users to store all currencies, RBIF tokens (the native currency of Robo Inu Finance), and other crypto assets. + Currently, more than 100 holders are testing the beta and feedbacks are fire 🔥 + +RoboEx: Our decentralized exchange that is going to be tested after the holidays, please find here a youtube video with our CEO showing some of its functions: +[https://www.youtube.com/watch?v=TVyRgXRAMM8](https://www.youtube.com/watch?v=TVyRgXRAMM8) + +Robolaunchpad: This launchpad is an incubator for all potential projects with real use cases. The launchpad seeks to make sure that the Robo Inu Finance ecosystem stays safe from scam projects. + +RoboNFT Marketplace: The platform has integrated a market-leading digital asset exchange that seeks to organize daily auctions for NFT (non-fungible token) products with RoboWallet. RoboWallet is capable of holding the NFT collectibles. + +The official token for Robo Inu Finance is RBIF, and it is an ERC-20 token. The platform utilizes a small tax fee for every RBIF transaction in order to continuously support the Robo Inu Finance ecosystem. + +Please follow us on social media for further information: [https://roboglobal.info/linktree/](https://roboglobal.info/linktree/) + +Happy holidays and happy new year to all of you! 🎉🎊 +I have to admit, hearing of MrMM and MrsMM’s divorce shook me. I had always looked to them as a couple who was genuinely happy with one another and had things figured out. + +Putting some thought into it, I think what took me most off guard is that I felt they were people so intentional with their lives - whether that had to do with money, having children, their professionals, city where they live and I thought their relationship as well (making the assumption their intention when getting married wasn’t to divorce). + +To all you couples out there on the path to/at FIRE, I’d love to hear from those of you in genuinely happy long-lasting marriages - what do you attribute it to? How has this impacted your FIRE plans? + +Edit: links + +https://forum.mrmoneymustache.com/off-topic/mmm-is-now-divorced-from-mrs-mm/ + +https://twitter.com/mrmoneymustache/status/1069573918124531714?s=12 +PLEASE SAVE THIS u/mmanseur was my handle. I argued in support of GME and helped identify paid trolls in the newer posts. First, I was shadow banned earlier today from WSB, then permanently banned an hour later.   + +Then the full account was suddenly deleted. As a reference, I accumulated 14K karma in total but 12K in the last 10 days discussing GME positively and targeting the trolls. I don’t care about the karma (clearly it can be bought), I just wanted to explain the nature of my posts/comments and why they hate me.  + +BTW, if the mods delete this or reddit deletes this account, I’ll just buy another fake account and repost it. (FYI I have no idea what’s in this account’s comment history nor do I care - Edit: I purchased one rather than create a new one in order to satisfy any karma requirements on subs but I believe WSB is reviewing all posts now before submission. I could not get this by the mods) + +Original Post with small changes:  + +{{{Troll Warning Regarding Meme Stocks + +I assume many already know but I will post this for the broader reading audience: A large and well organized army of trolls with a singular agenda have flooded this sub (WSB) over the last week. Their only goal is to convince people to sell the meme stocks. I’m not saying that you shouldn’t do whatever you want. This ape will hold. I just want people to be aware of these attacks so that they make informed decisions and discuss accordingly. + +They use several tactics that I’ve noticed (so far): + +1. ⁠insult and demean or say you are in a cult +2. ⁠Faux we-care-about-you advice. +3. ⁠divide and conquer with the use of [r/GME](https://www.reddit.com/r/GME/) and r/amcstock. These may have started innocently but the trolls are pushing them strong. It’s easier to drown out your voice when you are split into different groups.  +4. ⁠accuse the many redditors calling them out of being the shills themselves so as to confuse the reader ( go through comment histories to verify these things if you have doubts about intentions). +5. ⁠distract with FOMO on other plays +6. ⁠faux long and supportive conversations amongst themselves so as to give the image of a growing or shifting consensus. +7. They attack newbs so as to try and drive them away. (Btw, everything has terms of use. Abide them and tell anyone bothering you to go f themselves if they try to shoo you away) +8. State (even kindly and empathetically) that the HFs and WS have the high ground in life and its unwise for an ape to think it could ever really hold the high ground over them. + +Some giveaways are the super high volume of comments (all along the same message) that they post. They also lack an understanding of the differences between [r/investing](https://www.reddit.com/r/investing/) and this sub (WSB) or don’t understand the flair system. + +Another clue is their outright jackassery and incredible rudeness. + +They are also particularly high in volume on the new post filter since they are trying to poison the message upstream so as to control it downstream. You’ll notice their unwitty and boring comments instantaneously have up to 15 or 20, even 30 likes within 5 minutes so as to try and maintain top of the page status to deliver the message throughout the day. They are also the ones posting most of the crappy posts we are seeing. This is all an attempt to sway the broader reading audience...’hearts and minds’ type stuff. + +Their singular message is a great aid in identifying them BUT ***you must be careful because there are a few (very few imo) organic members who just want to talk and disagree. These genuine people are being totally drowned out by disingenuous trolls. They are being victimized too here along with everyone here organically.*** + +However it is important to note that most normal human beings don’t spend all day bashing things but rather will go somewhere or into a specific post where their interests are shared. These people spending all day every day within GME (and other meme stocks) posts to deliver that message (to sell) are trolls. + +Why are they doing this? Simple: because they know that they cannot cheat forever, otherwise they just would without any of this...and most importantly, there is a lot of money on the line. Not our investment money, which they always already get. THEIR MONEY. + +Why are they getting more aggressive? Idk for sure but it indicates to me that they are running out of time. + +Short squeezes are irregular but not abnormal events. They’ve happened plenty of times without everyone flipping out and cheating like this in front of everyone’s eyes, without hiring teams of people to convince anyone to sell or attack online chat boards. + +So what gives? + +All of this lets you know that the apes do have the high ground. That the apes have the HFs by the balls and GME is no ordinary situation. This ape will hold and continue to make them squeal. + +Please add any further notes regarding troll behavior that you may have noticed. + +If you're dumb enough to think I’m a financial advisor, gtfo.}}} + +NEW MATERIAL: I have learned from personal experience that fake accounts that are over 2 years old with more than 10,000 karma cost about $150.  Think about how much money these people are spending on this disinformation campaign. + +Always remember they are doing this because there are BILLIONS AND BILLIONS at play. + +They are fighting hard. I don’t care if they delete this…I can buy a new fake account. This one only cost $14.99. Ban my IP…I’ll get around that too. + +I'm glad they are revealing their desperation. I would like my reddit account back but I want my bananas on the moon more. + +HOLD STRONG APES!!! WE ARE WINNING!!!!!!! + +UPDATE: They just banned this account from WSB bc I posted this in the comments of three or four posts...I believe all posts are being reviewed in WSB so I could not post this. Please feel free to do so if you can. + +UPDATE AND DISCLOSURE: I hold both GME and AMC. + +EDIT: The markets that allow you to purchase account names also sell upvotes. I don't know how that functions exactly but they are not expensive. + +Tldr: 🦍🍌🤚💎🤚 +Ok so my story is I am about one month from 40. I didn’t save a dime till I was 35, but have been aggressively saving for the last 5 years. My current net worth is $450,000. Broken down it looks like around $200,00 equity in my home. 140,000 in a 401k and around $60,000 in Roth IRA/ brokerage accounts. I also have around $60,000 cash. I want to rent an apartment in Mexico right on the beach for $500 a month. I’m wanting to keep my house in the states. My mortgage is currently $1300 a month. Do I obtain a second living space solely for the purpose of living on the beach and enjoying life or do I stay the course and continue to save. Keep in mind I work long hours from the computer these days and a nice view would be appreciated. Unfortunately even with long hours I’m not making six figures yet. I just feel like I need to enjoy my life but don’t want to regret it later as I believe I’m behind in my retirement savings. Come on guys tell me to rent on the beach in Mexico! +Not sure what I think about the topic. Of course I want to FIRE as soon as possible, but retiring during my prime earning years forfeits the opportunity to really set my kids up for life. How do you guys feel about that trade off? +I just got mailed a $54 check for "participating in the Kelly vs first advantage background service corp class action settlement". + +The letter then goes on to say that I was identified as someone who had a background check done on me without being noticed about it. +It makes sense because I constantly apply for various jobs online. + +The check looks real. Seems like a real reason. Is there any reason I shouldn't put the check in my bank account? + + + + +So now that I know it totally safe thanks to all your comments what should I do with my newly found money? +Put it towards a Mother's Day gift? +Gamble it? Maybe put $50 on lebron to win tomorrow +Give a generous tip next time I get good service somewhere. +Doesn't seem enough to invest but it's enough to have quick fun with. If you have any suggestions let me know. +I lucked into my first rental, was in a position I could move to a new house and keep my old one that I have paid off as a rental. It's worth roughly $100,000 and rents for 990 a month (1% rule). I have it set up through a property manager (7%) because I work out of town but may eventually switch it over to my fiance to manage. + +&#x200B; + +I feel like I don't see a ton of return on this, in 2018, after taxes and expenses, I realized $3,934 in profit. I didn't have it rented fully and had some costs to get it ready to rent and maintain, so i expect 2019 to be closer to five thousand. + +&#x200B; + +So looking at my next property, I'd like to stay in the C+ or B class, so I was thinking around $80,000, but even with $850 rent I am still coming up with almost no cash flow. I normally figure 8.33% vacancy (1 month), 10% for repairs, a flat 183 for CapEx (derived from Brandon Turner's book), 10% property management, taxes 1,500/yr, insurance 500/yr. That with a commercial loan at 6% over 25 years (using an LLC) seems to put me at around a buck or two a month or negative. + +&#x200B; + +I know most people will have better luck with financing, but I've had a tough time at the banks I've been to around me. For an LLC, which I am semi-set on, I believe I can only get a commercial loan and the only terms I've seen have been 25 years and at least prime rate, most of the time add half a point. Other than that I can a HELOC on my primary residence, so I can get the cash out to buy a property at any time, but the minimum payment on my HELOC is 1.5% of the outstanding balance at a 5.5% interest rate. Meaning if I took 80,000 out my first payment would be $1,200 I believe. + +&#x200B; + +Am I missing something or is the market just this tight right now and I should be more focused on the fact that I will be gaining equity in the home? I just feel like I can put some money in the S&P right now for better returns, but I can't leverage myself into the S&P as easily. + +&#x200B; + +Thanks! +For someone without much experience, young (eg 30 yo), single, male, with nothing tying them down to any single location and ability to work in any city. +Hey all. Age-old question: is it more prudent for me to hold VFF and ACB (losses presently around the 60-70% mark) until they "possibly" recover or sell, put the losses behind me and invest what little I have left in balanced ETF's? Thank you! +Hey folks, + +I am a data scientist who has been working on applying machine learning and data analysis to build trading tools. I have been thinking of open sourcing some tools and I am really excited to introduce the first tool called **Surpriver**. + +&#x200B; + +[Tool's Logo](https://preview.redd.it/f17h14h5tlk51.png?width=365&format=png&auto=webp&s=7b3432f73beabf606d2c16a64f3217f9cd01c0e8) + +# Introduction + +**Surpriver** is a python based tool which tries to use volume and price changes to look for anomalous and unusual patterns using machine learning and anomaly detection algorithms - more specifically, it uses something called an Isolation Forest for anomaly detection. Surpriver gives you the flexibility in analyzing different granularities of data e.g 1 minute bars, 30 minutes bars, 60 minutes and some more. + +>**Although the tool works on all kinds of stocks, it works more effectively on penny stocks as there are more fluctuations in penny stocks and their patterns.** + +Here is the **basic flow** of the tool. It goes over 5000 stocks and extracts their price and volume data from **yahoo finance**. It then calculates a few technical indicators like Ease of Movement and converts everything into a single vector representation which we call features. These features are then passed to an anomaly detection engine which find unusual patterns by comparing a stock's features with every other stock and ranks the stocks based on anomaly score. The stocks with the highest anomaly scores are expected to move up or down more than the ones with lower anomaly scores. **In a nutshell, the tool looks at 5000 stocks and tries to automatically infer some unusual patterns which** ***can*** **lead to some big moves.** + +You might tell me that there are some existing scanners for this but every single of them are based on manually curated rules e.g if volume is greater than 5 times the average volume of last 5 days, alert the stock. However, such scanners can often fail when market conditions change. **Surpriver is a totally automated scanner that does not need such rules. Also, in order to find anomalies, since it looks at the global view of market movement, it is more robust.** + +# Results + +Let us look at a scatter plot of results from last 2 days of this week. The stocks were analyzed on Wednesday and the plot below shows their absolute percentage change in price in the next two days. + +**Scatter Plot:** + +[Correlation plot showing that when anomaly score is high \(negative values\), the future change for the stock is also higher](https://preview.redd.it/leddxl0sqlk51.png?width=1009&format=png&auto=webp&s=f10a7b77438db954af0527933904264d0eab965b) + +As you can see in the image above, the anomalous stocks (score < 0) usually have a higher absolute change in the future on average. That proves that the predictions are actually for those stocks that moved more than average in the next few hours/days. One question arises here, what if the tool is just picking the highest volatility stocks because those would yield high future absolute change. In order to prove that it's not the case, here is the more detailed description of stats. + + --> Future Performance + Correlation between future absolute change vs anomalous score (lower is better, range = (-1, 1)): **-0.23** + Total absolute change in future for Anomalous Stocks: **89.660** + Total absolute change in future for Normal Stocks: **43.000** + Average future volatility of Anomalous Stocks: **0.332** + Average future volatility of Normal Stocks: **0.585** + Historical volatility for Anomalous Stocks: **2.528** + Historical volatility for Normal Stocks: **2.076** + +You can see that historical volatility for normal vs anomalous stocks is not that different. However, the difference in total absolute future change is double for anomalous stocks as compared to normal stocks. + +# Results + +I ran this tool on 60 minute bars with a history of 14 bars only. Here are the results for this week. These results were generated on 28th August, you can see how they did in the last few days. + +Results (August 28): [https://pastebin.com/L5T2BYUx](https://pastebin.com/L5T2BYUx) + +Since a lot of folks don't know how to use python, I will be updating the results on the GitHub repository on weekly basis. There are no strings attached. + +# Backtesting - How would have it worked in the past? + +I am pretty sure everyone is going to want to backtest it on historical data. For that purpose, there is a separate section in the GitHub repo that talks about running the tool on historical data and see how it would have done in the future. Please go to the repo to look at those steps. I have also provided some backtested results from the last two days of this week. + +# Limitations + +The tool only finds stocks that have some unusual behavior in their price and volume action combined. It doesn't predict which direction the stock is going to move. That might be a feature that I'll implement in the future but for right now, you'll need to look at the charts and do your DD to figure that out. + +# GitHub Repository + +Link: [https://github.com/tradytics/surpriver](https://github.com/tradytics/surpriver) + +More information on how the tool works is given in the GitHub repository. Please ask if you have any questions. + +# Final Thoughts + +Would love to get everyone's thoughts. Since this is open source, please feel free to make changes and push them. If you have a feature request, just create an issue in the GitHub repo and I will work on it. Also, I am taking requests for more tools that folks here would want. Please comment if there is anything specific that you would like. + +Happy to talk more about how everything works in detail. + +# Is this promotional? No, this is 100% free and open source. + +So we have a few competitors who downvote every single thing we post and report almost all of our posts. This had led to a lot of my posts getting removed. Therefore, for this post, I have specifically gone ahead and asked the mods if this is allowed to post here. + +>***This is not a promotional post or tool***\*\*. The tool resides on github and is literally 100% free.\*\* + +PS: If you want more open sourced tools, just comment with your idea of a tool. I will try to work on it and open source it for everyone. +https://www.theinformation.com/briefings/925274 + +>Uber CEO Dara Khosrowshahi told staff on Tuesday to expect a decision about layoffs in the next two weeks as the ride-hailing company struggles with depleted demand for its core business. “Hope is not a strategy,” he told employees. “We’re not going to avoid hard decisions.” +I was thinking a lot about cancelling citibank credit card since they sent out a mail stating they won't be allowing any activitiy related to cryptocurrency. Called the customer care & here is the conversation: +Me: Hi I would like to cancel my credit card +CC: Sure. May I know the reason why. +Me: I do not support CitiBank's stance against cryptocurrencies +CC: Would you continue to use the card if we gave you Rs.1000 cash back? Also 10x reward points on every purchase. +Me: Will you be accepting transactions related to cryptocurrency? +CC: I'll forward the request to cancel the credit card. +Me: Thanks... + +Edit: The amount offered is Rupees 1000 or 15.05 US Dollar. I was getting 0.8% cash back so that was already bad. +Edit2: I cancelled the account because they don't let Debit card or Bank account transactions for Crypto as well. It's not about buying crypto. Action was taken because I don't agree with banks controlling what we can buy with our money. This is happening in India. Not sure about other countries. +Hi everyone, hoping you can help clarify the "traditional 401k or Roth 401k" question for me. + +30 years old- 100k salary. + +1. If I max my contribution this year in TRADITIONAL (let's just round up and say 20k) I will save roughly 30% between state & local taxes, so a savings of 6k. + +In 40 years when I am 70, that 20k will roughly double 4 times based on a 7% rate of return, and +will be worth 160. Let's say I am in the 10% tax bracket at that point, I will withdraw it slowly and +pay a total tax of 16k (10% of the 160k). My net taxes paid are then 16k- the 6k I saved, for 10k +paid. + +2. If I max in ROTH, I don't save anything on my taxes this year, but I can withdraw the entire 160k tax fee. So my net taxes paid are essentially the 6k I did not save in 2021. + +What am I missing? If I do Roth, I pay 6k, If I do traditional, I pay 10k. + +Thank you! + +Edit: Thanks everyone for the excellent info! One thing to consider is i probably would NOT invest the 6k i save every year as that would be added to my emergency fund or for family vacations, so by not investing the savings I think that skews towards ROTH being a little better. +Hey there, a friend recommended me to go talk to a therapist about some of my feelings. + +At times I feel that: +- I didn’t deserve my money +- Not sure how to handle family situations +- Not sure if I am overdoing or overthinking (if I buy this present it may make this person feel uncomfortable) +- Life/work balance + +I know privileged people problems.. However most of these problems are related to having a high net worth and I am concerned in putting myself in the wrong hands. + +How did you find a therapist? Did you also run into those problems? +32 F. I retired back in March, just a few months and I wanna shoot myself. Worked so hard to get here. Wanted to live the life. Now I realize I'm very much alone in this and the only other people around during the day are either jobless, or old retirees. The ultimate goal was to retire and travel the world... But don't like doing it alone, and most friends can't afford to join me financially or time-wise. Would love to get in touch with someone else in the same boat. +Guten Tag to this worldwide community of Apes! 👋🦍 + +As all eyes turned toward Jeff Bezos as the shadowy puppenspieler pulling the strings, let's all appreciate just how much all of this is starting to make so much sense. *Of course* Bezos would love nothing more than to crush Ryan Cohen's latest venture to break Amazon's crushing grip on e-commerce. This man thinks he gets to be the only one riding rocketships... well I've got news for Mr. Bezos. The Apes are here, we are HODLing, and our Diamantenhände grip on our shares is going to take us well above his pitiful 100k. We're going into *ACTUAL* space, Jeff, and the rocketship we ride will be that of a competitor who beat you once already, and is going to do it again. We buckled the fuck up long ago, and liftoff is imminent. + +Today is Friday, September 3rd, 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: **$210.84 / 178,43 €** *(volume: 703)* +- 🟥 115 minutes in: $211.11 / 178,65 € *(volume: 689)* +- 🟥 110 minutes in: $211.15 / 178,69 € *(volume: 621)* +- 🟩 105 minutes in: $211.63 / 179,09 € *(volume: 551)* +- ⬜ 100 minutes in: $211.60 / 179,06 € *(volume: 545)* +- 🟩 95 minutes in: $211.60 / 179,06 € *(volume: 545)* +- 🟥 90 minutes in: $211.58 / 179,05 € *(volume: 541)* +- 🟥 85 minutes in: $211.86 / 179,29 € *(volume: 339)* +- 🟥 80 minutes in: $212.01 / 179,41 € *(volume: 289)* +- 🟥 75 minutes in: $212.04 / 179,44 € *(volume: 289)* +- 🟩 70 minutes in: $212.35 / 179,70 € *(volume: 275)* +- 🟩 65 minutes in: $212.29 / 179,65 € *(volume: 258)* +- ⬜ 60 minutes in: $212.10 / 179,49 € *(volume: 171)* +- 🟩 55 minutes in: $212.10 / 179,49 € *(volume: 153)* +- 🟥 50 minutes in: $212.04 / 179,44 € *(volume: 150)* +- 🟥 45 minutes in: $212.05 / 179,45 € *(volume: 132)* +- 🟩 40 minutes in: $212.10 / 179,49 € *(volume: 121)* +- 🟩 35 minutes in: $212.08 / 179,47 € *(volume: 117)* +- ⬜ 30 minutes in: $211.97 / 179,38 € *(volume: 114)* +- 🟩 25 minutes in: $211.97 / 179,38 € *(volume: 108)* +- 🟥 20 minutes in: $211.95 / 179,36 € *(volume: 108)* +- 🟩 15 minutes in: $212.01 / 179,41 € *(volume: 88)* +- 🟥 10 minutes in: $211.97 / 179,38 € *(volume: 61)* +- ⬜ 5 minutes in: $212.08 / 179,48 € *(volume: 48)* +- 🟥 0 minutes in: $212.08 / 179,48 € *(volume: 26)* +- 🟥 US close price: $213.52 / 180,69 € *($213.10 / 180,33 € after-hours)* + + +*** +FAQ: I'm capturing current price and volume data from German exchanges and converting to USD. Today's euro -> USD conversion ratio is 1.18169088. I wrote and maintain a C# application that assists me in fetching this data and updating the post. If you'd like to check current prices directly, you can check [Lang & Schwarz](https://www.ls-tc.de/de/aktie/gamestop-aktie) or [TradeGate](https://www.tradegate.de/orderbuch.php?isin=US36467W1099) + +Diamantenhände isn't just a thread on Superstonk, it's a community that gathers daily to represent the many corners of this world who love this stock. Many thanks to the originator of the series, DerGurkenraspler, who we wish well. We all love seeing the energy that people represent their varied homelands. Show your flags, share some culture, and unite around GME! +###**Abbreviation Index:** + +BB -- Blackberry + +AWS -- Amazon Web Services + +IVY -- Intelligent Vehicles Yo. I don't actually know if this stands for anything + +QNX -- Quick-Unix perhaps? It's a Unix-like embedded microkernel RTOS (real-time operating system) + +EOY -- end of year + +PT -- price target + +SP -- stock price + +EV -- electric vehicle + +SoC -- System on a Chip + +IoT -- Internet of Things + +- - - - - - - - - - - - - - - - - - - - - - - - - - - + +**TL;DR:** Blackberry ($BB) is almost daily announcing new partnerships and new clients for their software, including new deals with companies that are just now or just this year launching autonomous vehicles that run on QNX software. The big kahuna of all these deals is BB's recent partnership with Amazon to go 50/50 into BB's software IVY, a scalable cloud-connected software platform designed for intelligent vehicle data gathering and data sharing. With Amazon's Jeff Bezos stepping down, and Andy Jassy filling his shoes, who was the CEO of AWS, BB will have some very firm support behind Amazon's new CEO. BB and Amazon are having a webinar Feb. 23rd about their partnership and IVY, which should be a strong catalyst moving forward. IVY beta earnings are projected to begin impacting BB's Q3 or Q4 earnings beginning in November this year, with IVY fully being integrated around the 2023 timeframe. Through a lot of reading and analysis, I believe BB has a four-tiered business model dating back as far as 2013 when BB's CEO John Chen was hired to begin the massive BB turnaround process. Tier 1 was development of QNX and IVY, lasting from 2013 to today and onward, however, Tier 2 overlaps Tier 1. Tier 2 was customer acquisition, primarily distributing their secure software in QNX, SecuSuite, Spark, and AtHoc. They secured 37 automakers during this time, including 9 of the top 10 automakers, over 106 governments from around the world, including all of G7 governments and 18 of G20 governments, as well as 77% of Fortune 100 companies, including partnerships with Amazon, Microsoft, Google, Sony, XPENG, XPEV, NVIDIA, Intel, Qualcomm, Baidu, IBM, LG, Samsung, and others. Well if they have such an incredible market share, why are they so undervalued? The answer is that QNX was not the end-all-be-all product. It was the base that the rest would be built on. Particularly IVY, which is the real money-maker. Tier 3 is IVY beta, and Tier 4 is IVY distribution and subscription revenue streams. So why is IVY the big deal and not QNX? They are both big deals, but QNX was never designed to be the money-maker. They are charging a one-time fee per vehicle use. There is a bigger goal here, to secure their clients as their customers for the bigger product in IVY. They also need QNX is to be a secure system in order for IVY to be trustworthy and reliable. And it certainly is secure. QNX has ISO26262 certification, as well as US government clearance, NSA clearance, and CIA clearance. The US government uses QNX and Blackberry products. Just let that sink in. That should tell you something about its security. Anyways, IVY will be used in autonomous vehicle level 4 and level 5 communication (note that QNX is level 5 certified... it has a business moat just in its security level and clearance), as well as EV and gas vehicle data collecting and AI-powered data synthesis. See below for more details on IVY. Wrapping up this TL;DR, BB is going to do well this year as IVY unfolds, but will do even better in the next 2-5 years. I have a PT of 25 by EOY and a PT of 80 by 2023 EOY, and a PT of 160+ by 2025 EOY + +**TL;DR: TL;DR:** BB go up, but go slow for now because IVY revenue not here yet, but big fast later. Make big monies, BB is the future tech that Amazon, Microsoft, Google, etc will be building upon in the EV and IoT market + +- - - - - - - - - - - - - - - - - - - - - - - - - - - + +###**FAQs:** + +**1) Why is Blackberry stock price going down?** + +**A:** A few possible reasons. One, as of today the whole market is down. BB is connected to overall market swings as most companies are. Two, there may be some market manipulation by bearish financial institutions as there are a lot of calls expiring on 2/19. I would expect that BB SP to be volatile between $11 and $14 between now and then, and to move upwards after 2/19 and especially after 2/23 (Amazon + BB webinar). Three, there are bearish investors who still think BB is a phone company and don't understand the underworkings of BB's business strategy, their software, their patents, or their partners. Their revenue has been affected by coronavirus and has not been particularly phenomenal so far this year. + +**2) Should I invest now or later?** + +**A:** First off, I'm not a financial advisor, these are just my opinions. Invest at your own risk. In my opinion, BB will see a large SP growth by EOY, anywhere from 50% to 150% growth by EOY. While revenue will likely not increase much this year, the partnership with Amazon and news regarding IVY will likely create new floors for their SP much higher than the current SP right now, at around the $12 SP + +**3) What's stopping competitors from building a similar product and hurting BB's business?** + +**A:** There's a lot of reasons why BB has a huge moat right now. One, notice the partners that BB has with QNX. They've got all the big boys working them, aside from Apple and Tesla. Seeing as SpaceX runs on QNX, and seeing that Apple was trying to make a deal with Hyundai that did not go through, I think it is still possible that either Tesla or Apple or both companies could also make a deal with BB to use QNX as their OS system. BB worked to develop their QNX embedded microkernel OS for the last eight years or so. Anyone trying to step into the game now is far too late. Apple has the best chance of all companies, as it has its own OS and Apple knows security very well, but this still requires an entirely new system in order to work in the EV sector. Also, Apple announced recently that they would be developing their own EV, although they did not give much details beyond that statement. The likelihood that they are both working on the hardware and software side of this thing is slim given the large number of difficulties that come with certification as it relates to the cybersecurity software space. Regardless, I would suspect that either Apple or Tesla is the most likely to be competitors in this space, but neither company has successfully completed a certified OS system, particularly for the emerging sector of autonomous EVs. Tesla is currently building a Linux-based system that is having a lot of difficulty in passing certifications such as ISO26262, a struggle that has been ongoing for years now. They may achieve a product that passes these safety regulations and certifications, but the question remains whether this will be in time as the EV and autonomous market picks up speed, and whether competing companies would even be interested in using their product. In fact, any car company is unlikely to develop their own OS software because none of their competitors would be likely to use it. BB is the perfect business to license since it is not competing in the hardware sector for the EV market. This argument can also be used for Apple if they are also building an EV. + +**4) Why is BB's revenue so low if they have so many customers and partners?** + +**A:** QNX has been licensed so far as a one-time purchase, per vehicle or IoT using their software. IVY will be a subscription-based software that also includes a one-time purchase. Thus, BB's revenue streams are somewhat unimpressive currently, but they are playing the long game. If my hypothesis is correct, it is John Chen's goal to lay low as software is developed and customer relationships are built. It's the same with the book market. It's the sequel that makes all the money, not the first book. QNX is just the first book of a series looking to hook in its customers with low costs before hitting 'em with the strong follow up in IVY. Additionally, in order to build a competitive business moat, it was to their advantage to not forewarn any competitors of their involvement and plans. Consider John Chen's work as a CEO in his last business Sybase. Chen worked as the CEO of Sybase for 10 years. For the first 7 years, the SP remained at around $10 a share. Three years later, the SP was at $100 a share. I suspect he is implementing a similar model with Blackberry. Chen joined Blackberry in 2013. BB stock actually dropped for most of the last 7 years, resting at a stock price of around $5. Now BB is at $12 a share. I would not be surprised if BB reaches $50 two years from now. + +- - - - - - - - - - - - - - - - - - - - - - - - - - - + +###**Now for the details.** + +Read this for DD on BB's achievements, certifications, markets, QNX products, EV growth, Spark software and clients, BB Radar, software pricing, and BB challenges: + +[Comprehensive Guide about BB and how it shall take off in coming years](https://old.reddit.com/r/BB_Stock/comments/lc67bo/comprehensive_guide_about_bb_and_how_it_shall/) + +- - - - - - - - - - - - - - - - - - - - - - - - - - - + +#**Full List of Clients and Partners:** + +Blackberry Clients and Partners + +**Automakers:** Honda, Audi, Jeep, Mitsubishi, Ford, Hyundai, Volkswagen, Bentley, Lamboghini, Byton, Mini (cooper), Toyota, Subaru, Fiat Chrysler, Mazda, Nio, BMW, Porsche, Lexus, Kia, Land-Rover, Mercedes-Benz, Buick, Jaguar, Visteon, Skoda, Chevrolet, Nissan, Acura, Continental, General Motors, Baidu, Motional + +**Other:** Denso, Aptiv, Bosch, Panasonic, Harman, Bugatti, LG, Vodafone, Bell, Carahsoft, CACI, Telus, iSec, KPMG, Tableau, Qlik + +**Major:** Amazon, Google, Sony, XPENG, XPEV, Li Auto, NVIDIA, Canoo, Microsoft, Intel, Verizon, Qualcomm, IBM, LG, Samsung + +**Major Investors:** PRIMECAP, Hamblin Watsa, Ontario Teachers’ Pension, Vanguard, Harris Associates, ETF Managers Group, Wells Capital, Arrowstreet Capital, Kahn Brothers Advisors, Norges Bank Investment + +**Governments:** Albania, Andorra, Angola, Argentina, Australia, Austria, Bahrain, Belarus, Belgium, Benin, Bosnia and Herzegovina, Botswana, Brazil, Brunei, Bulgaria, Burkina Faso, Cameroon, Canada, Congo, Croatia, Czech Republic, DR Congo, Denmark, Egypt, Estonia, Finland, France, Gabon, Germany, Ghana, Gibraltar, Greece, Guadeloupe, Hong Kong, Hungary, Indonesia, Ireland, Italy, Japan, Kenya, Kuwait, Latvia, Lesotho, Liechtenstein, Lithuania, Luxembourg, Macau, Macedonia, Malawi, Malaysia, Mali, Malta, Marthinique, Mauritania, Mauritus, Mayotte, Mexico, Moldova, Monaco, Montenegro, Morocco, Mozambique, Namibia, Netherlands, Netherlands Antilles, New Zealand, Nigeria, Norway, Oman, Philippines, Poland, Portugal, Qatar, Romania, Russia, Réunion, Saint Barthélemy, Saint Martin, San Marino, Saudi Arabia, Senegal, Serbia, Singapore, Slovakia, Slovenia, South Africa, Spain, Swaziland, Sweden, Switzerland, Taiwan, Tanzania, Thailand, Togo, Turkey, USA, Uganda, Ukraine, United Arab Emirates, United Kingdom, Uruguay, Vatican City, Western Sahara, Zambia, Zimbabwe + +- - - - - - - - - - - - - - - - - - - - - - - - - - - + +#**Blackberry Current Revenues:** + +[BlackBerry Revenues: How Does BlackBerry Make Money? -- Trefis](https://www.trefis.com/stock/bb/articles/472099/blackberry-revenues-how-does-blackberry-make-money/2019-09-17) + +--> This display the biggest bearish argument to BB. Until IVY begins producing new revenue streams, BB is likely to not exponentially increase revenue streams, but only sustain moderate YoY growth + +- - - - - - - - - - - - - - - - - - - - - - - - - - - + +#**Blackberry Analysis Regarding Infotainment and Google and Ford Deal:** + +see "Blackberry (BB) Stock News Analysis | What I need to say..." by Financial Live by LEYA on the forbidden video website + +--> The media recently picked out a story that left out a lot of pertinent information, making it seems that BB lost Ford as a client. This is not true. QNX is designed to be a SoC. This means that other operating systems, such as Linux or Android, can be easily added to QNX. It is in fact encouraged. The Ford and Google deal was simply announcing the Ford would be using Android as their infotainment system. I believe that BB was never intended to try and be the predominant entity for all software systems in EVs or IoTs, but the backbone that connects all together, and to protect all components in a secure system. Autonomous EVs and even regular EVs in general would not be possible without a secure system protecting the product, as is true with IoTs. This is also why things like US Fighter Jets run on... you guess it, QNX. Ford is still using QNX. It is simply also now using Android that is running on top of QNX +more commentary on this: [Analyzing Blackberry Bear Argument - Case No. 1: Ford Deal](https://old.reddit.com/r/stocks/comments/ldcahf/analyzing_blackberry_bear_argument_case_no_1_ford/) + +- - - - - - - - - - - - - - - - - - - - - - - - - - - + +##**Pretty Charts** + +[The New BlackBerry Everyone is Talking About $BB](https://stockhouse.com/companies/bullboard/t.bb/blackberry-limited?postid=32093887) + +- - - - - - - - - - - - - - - - - - - - - - - - - - - + +#**Facebook Settlement with BB** + +[Image](https://imgur.com/GSmc5RH) + +This is an interesting one to be sure. Facebook was being evil, like the do, and were caught using a number of BB patents. They settled in February, and the day that the settlement was finalized, John Chen (BB CEO) tweeted reminding everyone that BB is used on the ISS + +https://twitter.com/JohnChen/status/1358853064153784321?s=20 + +Well, the connection and speculation here is that Blackberry is going to the moon, and that the settlement is rather significant. Someone else also dug out some information in Facebook's most recent 10-K, specifically a portion for a 'non-cancelable contractual commitment' of an amount of $7500 million dollars. That's 7.5 billion btw. We don't know how big the settlement is, but it is worth noting that BB's entire market cap is 7.5B. I highly doubt that a settlement would reach such lofty numbers, but it could be possible that FB settled for some initial amount of $1B or so, as well as $1B in reoccurring payments over several years. We won't know until March 15th actually, so stay tuned. + +- - - - - - - - - - - - - - - - - - - - - - - - - - - + +#**Blackberry New Partnerships** + +Within the last few weeks, Blackberry has announced a stronger partnership with Baidu (China's Google), as well as their involvement with Baidu choosing to use QNX for their autonomous vehicles that will be hitting the road, as early as this year and next. BB has also announced their involvement with Motional, a joint venture between Hyundai and Aptiv, which will use QNX for their autonomous vehicles. Motional will be partnering with Lyft to use autonomous vehicles to begin serving customers and will be deploying their vehicles in 2023. It was also announced that QNX will be working with AOSP (Android Open Source Project), as well as announcing yesterday that QNX Hypervisor 2.2 is now released, which is what allows Android and Linux to run on top of QNX. + +[A sum-up of all the recent news on $BB](https://old.reddit.com/r/BB_Stock/comments/lhpztu/a_sumup_of_all_the_recent_news_on_bb/) + +- - - - - - - - - - - - - - - - - - - - - - - - - - - + +#**BB's Technical Page on QNX Security** + +[Link](http://support7.qnx.com/download/download/26406/QNX%20OS%20Security.pdf) + +--> Very technical. But cool stuff. + +- - - - - - - - - - - - - - - - - - - - - - - - - - - + +#**Rumor: Blackberry Buyout? Here's why that's not happening:** + +Just read this post. It's quite revealing: + +[Great Day for BB despite stick dipping.](https://old.reddit.com/r/BB_Stock/comments/lgdokd/great_day_for_bb_despite_stick_dipping/) + +**TL;DR:** Amazon could have easily bought BB. Why didn't they? Well, all the big players are interested in this EV and IoT emerging sector. This is the new wave of technology that will dominate the market. First we had the dot.com boom, then the cell-phone and smart-phone market, and now we have the autonomous EV and IoT market. If Amazon were to buy BB, they would have to submit a tender offer. This would be a red flag to all the big players that Amazon were trying to buy up the best security out there. It would be a bidding war that could result in a double-digit multi-billion dollar buyout. It was much more to their advantage to create a secret alliance with BB and establish a 50/50 partnership, whose contract includes exclusivity for their use of IVY. Ouch! That's gotta hurt. This is where the importance of QNX lies. BB will be able to pull the rug out from any company that chooses to use something other than IVY. No IVY, no QNX, no EV. It will be a package deal where IVY is the big money maker. All other companies will have to build from the ground up or be forced to license QNX and make their money off of other sectors, such as the infotainment sector, as Google has already begun to do with the Ford deal. When this deal happened, the other big boys wet their pants realizing they needed to get into this space, and fast. Microsoft partnered with Cruise/GM. Apple tried to partner with Hyundai, who was so flattered, they may have initially said yes or indicated so, before realizing that they were already partnered with BB, so it was a no-go. Not sure if that is fact or fiction, but it is an interesting proposal. + +- - - - - - - - - - - - - - - - - - - - - - - - - - - + +#**Blackberry IVY + AWS Partnership:** + +Alright, so what's the deal with IVY? Why is it going to be so profitable? Why is IVY the real money-maker, while QNX has been used as the customer-acquisition software tool? Check out this picture: + +[Image](https://imgur.com/P3mjahD) + +For one, IVY is designed for real-time communication between EVs or other IoTs. Autonomous driving level 5 requires vehicles to communicate with one another. This is where IVY comes in. IVY connects the different software components of an EV (which presumably are running on QNX), as well as harvesting data on those systems. The data used can be distributed for a wide-variety of uses, including, but not limited to, automakers and suppliers, app developers, consumer services, smart cities, EV charging providers, insurance companies, and vehicle maintenance providers. All of these different sectors will be willing to pay subscriptions for these data services, as well as the automakers and IoT makers who will also be willing to pay subscriptions for IVY. For instance, IVY can help share information between vehicles that will allow for a car detecting ice roads in one area so that other cars using IVY can take a different route. This results in less crashes, which helps the automakers. Insurance companies can use data from all these different data points as well, allowing them an inside-view of their clients. The list of what is possible here is inexhaustible. + +As for price points, the subscription models for multiple outside companies wanting to use the data will be create huge revenue streams for BB. With Amazon as a 50/50 partner, and with their resources and strategic management, BB will be poised to be the foundation in security and data sharing for the entire EV, and somewhat of the IoT market (the IoT market has more competitors for sure) + +see "Is BlackBerry Stock Undervalued?" by Wealthy Mindset on the forbidden video website + +see "Roadmap to $180 a share (BlackBerry Stock)" by Wealthy Mindset on the forbidden video website + +- - - - - - - - - - - - - - - - - - - - - - - - - - - + +#**Revenue, revenue, revenue...** + +Blackberry is poised to be an industry leader in EV, government, and IoT security and data sharing with products such as QNX, IVY, Spark, and their other software products. Stock price will likely stay somewhat stunted until IVY revenue begins picking up. It is possible that more announcements and marketing related to IVY will make this growth more rapid. In my opinion, either way BB over the next 5 years will 10x. The question is whether you want to get in now at $12 / share or two years from now at $40 a share or something similar, assuming that either way this stock is going to push for that 100B market cap (it's currently at 7B). There will be bearish analysts that will continue to say that Blackberry is a worthless company until those IVY revenue streams begin to come in. It is also possible that a realistic competitor may emerge within the next three years, such as Tesla or Apple. But if Apple is seeking to create its own EV product, then both companies will have a hard time finding any way to license their software to any other company. It remains possible that Apple and/or Tesla may strikes deals with BB as well in order to be able to produce autonomous vehicles and get a bite of that market share + +- - - - - - - - - - - - - - - - - - - - - - - - - - - + +#**Really, no competitors?** + +Well it's called a business moat for a reason. As we have recently seen, QNX is working with AOSP, and so clearly, they are not to be worried about. Tesla is not a true competitor as their OS product is not certified yet, and has demonstrated difficulty in doing so, and additionally, other automakers will not want to benefit their competitors by using their product. A third-party non-auto-maker will be much more desirable. Other companies such as VxWorks, have a lot of to prove both in security and certifications, as well as producing an OS product that is compatible with an emerging autonomous level 5 EV market. QNX's embedded microkernel RTOS is very much unique in this regard. This type of system allows for real-time processing and power distribution, while protecting the system from attacks. In an embedded microkernel system, if one part of the system is attacked, the whole system will not shut down, in layman's terms. This is essential for the security of any high-risk product that is built upon an underlying software that controls that different components of the system. + +- - - - - - - - - - - - - - - - - - - - - - - - - - - + +#**Conclusion:** + +All eyes are turned towards Blackberry right now. People want to know what this deal with Amazon will look like, how it will work, what they will focus on, (will Amazon also use this system for a fleet of delivery drones? hmmm), what the revenue streams will look like, what are their projections, what markets and sectors are they targeting, what are their future goals, what will Amazon be doing on their end, etc, etc. The Amazon + BB webinar may answer some of those questions, or maybe they won't. Time will tell (Feb. 23rd, specifically -- here's a link to sign up and watch: [Next-Gen Vehicle Architectures Unlock Unprecedented Opportunities for Automakers](https://onlinexperiences.com/scripts/Server.nxp?LASCmd=AI:4;F:QS!10100&ShowUUID=44A51ADB-0425-420D-8A06-6ACABFCF98FF&LangLocaleID=1033&Referrer=https%3A%2F%2Fwww.autonews.com%2Fevents%3Fevent_type%3D64571)). Also look out for that FB settlement numbers on March 15th, and Q4 earnings March 31st. I don't expect Q4 earnings to be particularly interesting unless they include the FB settlement numbers. Could those numbers instead be put into Q1 earnings for 2021? Possibly. + +Initially IVY beta is expected to begin being released late this year. I will also be looking forward to see how Apple and Tesla respond in the coming months. Ultimately, BB is a long-term play, but is poised to dominate this emerging industry with the partnerships and security focused software they have secretly been building. Now if only the could do something about their logo, some rebranding would be nice... + +- - - - - - - - - - - - - - - - - - - - - - - - - - - + +*This is not financial advice, just my own opinions. I am not a financial advisor nor a professional. I own 14k shares in Blackberry, as well as options (10x 8/17/21 20c BB). Do your own DD and fact check me as well* +While COVID-19 is an unprecedented event... Why is the Fed keeping the stock market afloat with all it's ammunition. If the stock market crashes then it crashes.... Isn't that what capitalism is all about? + + +Edit - thanks all for responding. As you can already tell by my initial question I am an investing newbie. So I thank all to help me better understand the situation at hand. By no means was I trying to be hyperbole about the situation. Just trying to comprehend the actions taken during this time by parties involved. +Twitter user *mah\_twitter* just posted a few hours ago the horrifying story of how he was kidnapped a few days ago, forced to transfer the funds to the kidnappers, and left for dead in the woods. + +&#x200B; + +>*Hello everyone. You won't believe how happy I am that I can tell this. I must be dead but born again!* +> +>*All of my life saving (I was all-in crypto) from binance was stupidly drained to bsc address by kidnappers (who wanted to take my life as well) with binance-pegged usdt ($523k) and I believe we can hit up the cz binance to freeze these funds after good attention. xx* +> +>*I live in Kaliningrad (offshore 300km part of russia inside eu zone) and it happened 27.09 22:00, pulled out from parked car right in front of windows of our governor, next to Belarussian embassy building. I still can't believe this can happen in 2k21.* +> +>*Held tied in mask for almost 24 hours in a unknown location (after I unlocked iphone with binance 2FA app codes to let them drain funds).* +> +>*The second night I was strangled to death and thrown out in the forest without clothes, hidden under a bunch of branches. Sorry for such creepy details, even I didn't expect that this can happen in mother's nature.* +> +>*Luckily because I was IV sedated with random drugs by kidnappers, they could not check my heartbeat and thought I was done. Brain needs not much oxygen in that condition which was still enough in blood, so my breath came back later and so I was given a second birth.* +> +>*I was lucky enough to get out of forest in complete darkness with 4°C to find nearest village and I was sent to ER and to fill later criminal case to police.* +> +>*still up and good I believe crypto twitter has some deep heart inside of everyone and so we can pump this message until Binanze CZ confirms that this case can be closed in the luckiest outcome for human beings. Guys, love everyone, cheers* + +&#x200B; + +Luckily for him, Crypto Twitter got to work and persuaded CZ and Binance to immediately look at this case, and it was a success. + +[We can only hope he can at least get his funds back, and even better if they catch the bastards who did it.](https://preview.redd.it/sh6emkixt2r71.png?width=1156&format=png&auto=webp&s=7abc9551e8603f6c65c68aae630e2f65bf01415b) + +Here's the [link](https://twitter.com/mah_twittar/status/1444088042520723456?s=20) to the full thread. + +So what can we learn from this story? I think the message is pretty straight forward: + +Don't tell anyone you own crypto. Maybe you trust the person you are telling this to, but it could easily slip out of his/her lips in any given conversation, and someone that you want to avoid could possibly catch this information. Remember that Crypto is still in the Wild West era. If this guy didn't came back to life, the perpetrators would be enjoying his money with blood in their hands and probably no regrets. + +This guy was left for dead. His kidnappers decided to end his life after stealing his money, proving that human life has zero value to some people (if we can even call them that). Stay safe guys, this story truly sent a shiver down my spine. I think I'm just gonna tell the few friends that know that I made a bad trade and lost all my crypto. +That $20 I'm about to spend on something I don't need is $20 I won't be investing into ETFs... because in the long term that will be $100+ (excl inflation) + +Before: Small expenses here n there I can easily afford. + +After : These small expenses are worth an absolute fortune in the long term (when invested). + +So when I see something with a $20 price tag I consider how much is that truly costing me? Wake up call for someone who wastes a lot of money on conveniences. +They can shut us down if they want. They are most likely being told to do this bs to us by another entity (fidelity? I can't say for sure) and they can either listen to them, or go against them, open their eyes and see that we are not brigading. If they go with option 1, I'm 99% certain the MAJORITY of us and other people won't be using reddit post squeeze, especially after everyone finds out how reddit admins have treated us and shut down the sub for no reason whatsoever to protect criminal billionaires. I'd imagine reddit IPO will be Robinhood 2.0 and a new reddit will be reborn. +for the hysterical, the uncertain and the depressed chart watchers, here's stuff i watch to keep me sane and grounded: + + +1. Price has diverted significantly from transaction count, which has held stable at around 600k. Network seems pretty healthy right now following the big hiccups w/ fees in June/July. Price eventually readjusts upward to follow actual network usage. (See October 2016 thru December 2016). + (https://coinmetrics.io/charts/#assets=eth_left=txCount_right=price_zoom=1466221518367.347,1547489946122.449) + + +2. Avg fees have decreased to stable lows for 2018, and Constantinople fork will add some efficiencies to fees. Low fees encourage more network usage, which is good for the price. +https://coinmetrics.io/charts/#assets=eth_left=txCount_right=averageFeeUsd_zoom=1466221518367.347,1547489946122.449 + + +3. Kalichkin's NVT ratio for ETH and BTC are crossing with ETH headed downward (you want a lower value). https://coinmetrics.io/charts/#assets=btc,eth_left=NVT.true_zoom=1369872000000,1523145600000 + You can read about this metric more here --> https://medium.com/cryptolab/https-medium-com-kalichkin-rethinking-nvt-ratio-2cf810df0ab0 + + +4. BTC Dominance chart has begun its bear div on the dominance cycle. This happens literally every dominance cycle, and means that BTC has a little more up in dominance but will soon flatten out and retrace heavily - likely returning to 33-35%. This will take several months, likely completing in Q1 2019. What does that mean for USD prices? EDIT: I'm getting slain on my analysis here. But I'l leave it at this... I'm pretty certain there will be alts to hedge the BTC downtrend. If anything, fiat is a lot safer escape right now than BTC in my opinion. + + +5. The altcoin marketcap is starting to form a bull div on its bottom at 92 billion. It would take a massive selloff to invalidate the div. What's the div mean? At the very least, a relief rally or a bull trap for alts. Probably not a renewed massive bull cycle (not right now, sorry permabulls). These movements are a great opportunity to de-risk. I personally will de-risk to fiat on any big spikes given my comments earlier. + + +6. ALTS / BTC ratio is also forming a massive bull div in its bottom and is hugging its cyclical % lows. + + +7. The aforementioned macro charts are done on coinsignals.trade + + +8. What happens when the smoke clears in 2019? Probably lots of fake outs and sideways action. Try not to lose your mind and your valuable positions as things level off. This is where people get burned the hardest. Sudden price rise, and you have to fomo in to not miss the next big possible bull run, only to have it whipsaw downward in a flat range. Use this range to DCA in if you're in fiat, or DCA out if you're over-invested. This is the range when the big guys really build their positions for the next cycle - don't be their tool. + + +Lastly, USD price may suffer further, but we're really almost through the bad stuff. ETH to zero? C'mon man.... + +EDIT: I sincerely appreciate the counter arguments here. I probably should spend more time on drafting posts like these to make them more waterproof =P. + + + + + + + + +This is a simple way to lock in profits if you’re in the green but want to let it run. I know this is obvious, but I thought I’d make this table to make it simple. You let a stock go up(if it does), then if you think it’ll keep going, you sell enough to recoup your investment and the rest is profits no matter what(unless it goes to 0.00) + ++10%=sell 90.9% of shares + ++20%=sell 83.33% of shares + ++30%=sell 76.92% of shares + ++40%=sell 71.43% of shares + ++50%=sell 66.67% of shares + ++60%=sell 62.5% of shares + ++70%=sell 58.82% of shares + ++80%=sell 55.56% of shares + ++90%=sell 52.63% of shares + ++100%=sell 50% of shares + ++more than 100%=lock in profits you greedy bastard + +Also if you want to calculate this really simply. +Just do 1/(1+(percent +/100)) + +So for 150 percent profits it’s 1/(1+(150/100)) + +1/2.5=sell 40% of position +[**GameStop Wallet Support**](https://support.blockchain.gamestop.com/hc/en-us/sections/4412111751955-Getting-Started) + +# 🟣 [Computershare Megathread](https://redd.it/vp01of) + +>Wondering what DRS is? Want to know how and why people are Direct Registering their shares? Here you'll find our guide and additional resources, as well as a welcoming community answering questions in the comments! + +# 🏴‍☠️ [NFT Marketplace & Wallet Megathread](https://www.reddit.com/r/Superstonk/comments/vluysg/gamestop_nft_marketplace_wallet_megathread/) + +>Why is GameStop getting into NFTs? *WTF* even is an NFT? How do I set up a GameStop Wallet? How do I get a cool/custom wallet address? All these questions and more are answered here! + +# 🙋 ​[What's GME & should I consider investing?](https://www.reddit.com/r/Superstonk/comments/qig65g/welcome_rall_looking_to_catch_up_on_the_gme_saga/) + +# 📚 Library of Due Diligence [GME.fyi](https://fliphtml5.com/bookcase/kosyg) + +>A collection of over 200 of the most important, groundbreaking **D**ue **D**iligence. If your looking to familiarize yourself with the GME bull thesis or the underhanded tactics of the short sellers involved in this trade– then this is for you + +**Read** [**the Rules & Wiki**](https://www.reddit.com/r/Superstonk/wiki/index) **||** [**MOASS FAQ**](https://www.reddit.com/r/Superstonk/wiki/index/faq) **|| Join our** [**Discord**](https://discord.gg/Superstonk) + +Low karma? Want to feed DRSbot? [Post on r/GMEOrphans](https://www.reddit.com/r/GMEOrphans/comments/qlvour/welcome_to_gmeorphans_read_this_post/) + +How to [Filter by Flair & Search](https://www.reddit.com/r/Superstonk/comments/v0oxp2/how_to_filter_by_flair_search_for_posts_on/) on Superstonk + +Tag u/Superstonk-Flairy for help with user flairs, find [custom emoji options here](https://www.reddit.com/r/Superstonk/comments/v89p0h/new_superstonk_user_flair_emojis_how_to_edit_your/) +[**GameStop Wallet Support**](https://support.blockchain.gamestop.com/hc/en-us/sections/4412111751955-Getting-Started) + +# 🟣 [Computershare Megathread](https://redd.it/vp01of) + +>Wondering what DRS is? Want to know how and why people are Direct Registering their shares? Here you'll find our guide and additional resources, as well as a welcoming community answering questions in the comments! + +# 🏴‍☠️ [NFT Marketplace & Wallet Megathread](https://www.reddit.com/r/Superstonk/comments/vluysg/gamestop_nft_marketplace_wallet_megathread/) + +>Why is GameStop getting into NFTs? *WTF* even is an NFT? How do I set up a GameStop Wallet? How do I get a cool/custom wallet address? All these questions and more are answered here! + +# 🙋 ​[What's GME & should I consider investing?](https://www.reddit.com/r/Superstonk/comments/qig65g/welcome_rall_looking_to_catch_up_on_the_gme_saga/) + +# 📚 Library of Due Diligence [GME.fyi](https://fliphtml5.com/bookcase/kosyg) + +>A collection of over 200 of the most important, groundbreaking **D**ue **D**iligence. If your looking to familiarize yourself with the GME bull thesis or the underhanded tactics of the short sellers involved in this trade– then this is for you + +**Read** [**the Rules & Wiki**](https://www.reddit.com/r/Superstonk/wiki/index) **||** [**MOASS FAQ**](https://www.reddit.com/r/Superstonk/wiki/index/faq) **|| Join our** [**Discord**](https://discord.gg/Superstonk) + +Low karma? Want to feed DRSbot? [Post on r/GMEOrphans](https://www.reddit.com/r/GMEOrphans/comments/qlvour/welcome_to_gmeorphans_read_this_post/) + +How to [Filter by Flair & Search](https://www.reddit.com/r/Superstonk/comments/v0oxp2/how_to_filter_by_flair_search_for_posts_on/) on Superstonk + +Tag u/Superstonk-Flairy for help with user flairs, find [custom emoji options here](https://www.reddit.com/r/Superstonk/comments/v89p0h/new_superstonk_user_flair_emojis_how_to_edit_your/) +I am new graduate from Pakistan, working remotely in an American company. They pay me $30k/year but promised to pay $45k/year If I am willing to move to America and join office... + +is it worth it because I heard it's expensive out there... + +Edit: The company is in Florida +Retard here. Downvote if stupid + +I have been a long time lurker since DFV's first posts came about. I am happy to see all the DRS posts and continued effort to educate each other. + +I was thinking that the stock market being as fraudulent as is shouldn't we encourage and discuss the benefits of DRSing every single shares across all companies. GME was my first share purchase and is the only one I have ( I buy whenever I can- student and immigrant so not too much). But there are definetely investors who play the long time. Shouldn't they be encouraged and taught to DRS their shares too. It definetely scrutinizes any positions that SHFs use to prop GME short positions as there would be a removal of other shares from the float too. Now I am not sure how many companies are with Computershare. But it sure does feel like a good statergy to bring all your shares to the battle front when time arrives + +Thanks and retard 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!* + + +[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. 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We call this the "Front Desk". Every day a moderator will create a new sticky comment that includes links to community announcements, fantastic posts that deserve more attention, and generally the simplest and easiest way to interact with the moderators of this community. The rest of the post is designed for general discussion and content/questions that might not need their own post. + +If you are new please mention that when you comment. There are no stupid questions but "shills" (paid accounts with the intent to disrupt the sub) are real. This community sees a lot of trolls. If you do not distinguish yourself as someone with genuine questions it is likely that members of our community will assume you are just spreading "FUD" (Fear, Uncertainty, and Doubt). I hate that I have to give you this warning but it is just the nature of the beast at this point. + +Please have fun, play nice and be civil. Many of our rules are heavily enforced. Debate is welcome but if it devolves into personal insults please report the comment. *Ape no fight ape!* + 🚀🚀 **\[UPDATE\]** 🚀🚀 + +I posted yesterday, and since then we DOUBLED in price. We have been getting sneak peaks in the very active telegram group, and the announcement that the DEX release will take place at 2PM UTC. + +The market cap went up from 3.3M to 6.9M in 24 Hours and is still ABSURDLY UNVERVALUED. Compared to other DEX'es and their tokens, this should be at least at 2$, and it's only $0.34 as we speak! + +**What is Windswap ($WINDY)?** + +$WINDY takes full advantage of BSC cross-chain features in order to power trading between multiple currencies and is in the process of creating an exchange (similar concept to Pancake Swap) where the fees will be taken out as $WINDY. + +It is deflationary, with only 20.2 million coins in circulation, but steadily decreasing until it hits just 8.8 million coins. + +**The deflationary rebase structure rewards INVESTORS rather than WHALES** + +WindSwap charges a small levy every time token are transacted which causes rotations to be completed and a rebases to occur every 2.5 million tokens. A rebase marks the end of a rotation and the beginning of the next. + +At this point, 75% of the tokens are burnt, with the remaining 25% tokens rebased into the wallet pool of WindSwap holders. + +WindSwap automatically reduces the supply of tokens to ensure scarcity in the supply. By burning 75% of the tokens withheld, and only rebasing 25% of the tokens (which are pro-rated) based on current token holdings, smaller investors are rewarded, as opposed to the large ‘whales’ with the majority stake in the token. After 192 cycles, the total supply will be just 8.8mil tokens and the trading levy will be reduced to 0% permanently. + +**Why Invest in WINDY?** + +1. **Low Market Cap - Currently just $6.9M** +2. **Rug Proof - 80% of Tokens are being used for liquidity on Pancake Swap (99% Liquidity Locked on Unicrypt)** +3. **High Organic Growth** +4. **Holders are rapidly growing** +5. **Coin supply halved by MAY.** + +**And the number 1 reason, their revolutionairy DEX exchange is going live within 24 hours!!!!** + +The base trading functionality will be first, and the following will be introduced in a later stage of development: + +1. Slippage slider, and other UI Improvements +2. Charting tools +3. Limit Orders +4. Due Diligence / Rug Checker + +**Current Stats (Available 24/7 in Telegram)** + +$WINDY STATS + +Holders: 2,573 +Price: $0.34776683 +Market Cap = $6,985,414 +Tax Rate: 2,5% - 6,5% +Completed Cycles: 57 +Burned: 4,885,256 +Total $WINDY Supply: 20,114,744 + +**WindSwap ($WINDY) Links** + +**Contract**: 0xd1587ee50e0333f0c4adcf261379a61b1486c5d2 + +**Bscscan:** [https://bscscan.com/token/0xd1587ee50e0333f0c4adcf261379a61b1486c5d2](https://bscscan.com/token/0xd1587ee50e0333f0c4adcf261379a61b1486c5d2) + +**Pancakeswap :** [https://exchange.pancakeswap.finance/#/swap?inputCurrency=0xd1587ee50e0333f0c4adcf261379a61b1486c5d2](https://exchange.pancakeswap.finance/#/swap?inputCurrency=0xd1587ee50e0333f0c4adcf261379a61b1486c5d2) + +**Price Chart**: [https://dex.guru/token/0xd1587ee50e0333f0c4adcf261379a61b1486c5d2](https://dex.guru/token/0xd1587ee50e0333f0c4adcf261379a61b1486c5d2) + +**Liquidity Locked** \- [https://unicrypt.network/amm/pancake/pair/0xb6EC86562E0cd125b4a1586036b6f13D47Fd09B6](https://unicrypt.network/amm/pancake/pair/0xb6EC86562E0cd125b4a1586036b6f13D47Fd09B6) + +**Litepaper -** [https://windswap.finance/whitepaper/litepaper.pdf](https://windswap.finance/whitepaper/litepaper.pdf) + +**Telegram** \- [https://t.me/windswapmembers](https://t.me/windswapmembers) + +**Discord -** [https://discord.gg/RjTaAKCk](https://discord.gg/RjTaAKCk) + +**Site -** [https://windswap.finance/](https://windswap.finance/) + +**DEX Platform (Up and running within 24H) -** [https://app.windswap.finance/](https://app.windswap.finance/) +Honestly repairs will be the biggest cost once you own the property. + +Especially on rehab properties, where you are able to get a good price because it needs love to be a great property. was able to convince them to reduce price 13k because of the reno's i needed to do. + +Personal story, i was able to get 23k to fix my property, added to my mortgage. so i had to stretch this pretty far as the last land lord bought 10 years ago and had done nothing since, pretty much keeping the im gona sell soon so i dont care motive going. + +main issues: + +new brick + +new balcony railings, new balcony floors, new stairs + +indoor reno and electrical. + +So i started my search over 6 months to find the best deals, as i couldnt get reno's done in the winter. + +when i started best i could find was 20k to 45k for the brick fix, after much searching i got it done for 12k + +My estimate for balcony floors, railings and stairs. 17k, in the end got it done for 6k by buying the parts my self and finding my own labor. + +Indoor rehab they wanted about 7k i got it done for 4k including materials. + +So if i had just gone with first 5 estimates i would paid around 45k, but by really reaching and finding alternate solutions i was able to get it back in shape for 22k. + +Tenants are happy and all renewed leases, so positive cash-flows and i stayed in my budget. + +was it stressful hell ya, but running a lean business is worth it. +**Update:** Following responses to criticism and kind advice, this version - except for the **Counter to the Counter DD** \- is now invalid and replaced by the **"Jumbo Compilation"** over at DDintoGME subreddit. + +"Counter to Counter DD" still stands - it is not part of the original post. It shows that at least at the theoretical level, there is no reason why BL can't be applied to stock prices and no literature was found - so far - which shows that BL does not apply to stock prices. + +Critics have raised other questions beyond the theoretical level which I never intended to address when I wrote this first post. I am not a data scientist. It was never my intention to offend data scientists or to challenge data science. Any expert and valid criticisms must be answered if the basis established in the "Jumbo" post is extended to the highest level of rigour, worthy of publication in an academic journal. + +Someone assumed I am a "professional researcher". I am not. In that non-professional capacity, I tried my best to respond to the criticism. I learned a lot which I never would have on my own if I hadn't published the post. + +From the standpoint of a hobby, non-professional project, I think it is cool that Fiskars conforms. I don't have lots of time for this but have since found two other conforming stocks quite easily. I may or may not continue this hobby project in private. I personally think it is solid "DD" on that basis and on par with other "DD" which tackle questions about securities law or the functioning of the capital markets on a non-professional basis. But maybe this particular DD/non-DD is different and the implications are too serious. That's also fine. I leave it to the mods, sorry for making a job for you! + +&#x200B; + +**Start of original post** + +For a while now, apes have been saying that the prices of GME look very sus, e.g. closing at perfectly round numbers and weird movements intraday. So I wondered what the Benford’s Law test would show if applied to the daily closing prices of GameStop. These days, Benford’s Law is most often used in forensic accounting, e.g. it is used by the IRS to investigate tax fraud and is used a ton by academics to investigate collusion and financial crime in asset prices, fund returns, the LIBOR manipulation, etc. It is not hard evidence of fraud but if a set of numbers deviates significantly from Benford’s Law that is a serious Red Flag 🚩. So in that sense it is a good screening test and widely accepted as reliable if used on appropriate data. + +# What is Benford’s Law? + +Basically, according to Benford’s Law, naturally occurring sets of numbers (e.g. country populations) are not randomly distributed. You might expect them to be, in which case each number from 1 to 0 would have an equal chance of appearing as the leading digit in a number. But it’s not the case. When such sets of numbers are unmanipulated, they stick to a quite strict distribution. The unit of measurement also doesn’t matter (proven by Roger Pinkham in 1961), whether dollars, centimetres, quantity of leaves on trees, or whatever. This is Benford’s Law. It will not work for made up numbers or randomly generated numbers, say by a computer. But it will always apply to naturally occurring sets as long as it is not something very restricted like, say, people’s heights, because the leading digits in people’s heights don’t range across all the numbers from 1-9. So you do have to use your common sense when you apply it. + +People found out in the 1970s that you can use it to detect fraud in socioeconomic data and in the 1990s Mark Nigrini, a chartered accountant, proved in his thesis that accounting data conforms to Benford’s law. It is now a standard tool of forensic accountants. + +If you’re wondering why numbers don’t appear randomly, it is basically because the probability of 1 appearing as the leading digit goes down as numbers go up, e.g. through the 20s, 30s, etc. until you get to 100. And then it starts again as you go through the 100s, 200s, etc. There is a good and fun video explaining this from Numberphile on YouTube. + +&#x200B; + +[Go to YT - no links](https://preview.redd.it/a0b1ym9f94271.png?width=822&format=png&auto=webp&s=20095aec0e0f2d97ad23ad53e0e2845b0d6951e6) + +Here’s a table of the distribution for reference. I’m just going to look at the **first digit** distribution in this post. + +[Benford's Law frequency table](https://preview.redd.it/zk6nzvmj94271.png?width=467&format=png&auto=webp&s=e6c22e10759d620e3d9cf53090db6cb49a978eeb) + +# Benford’s Law and some famous Ponzi schemes and fraud + +Here’s an example of normal and manipulated hedge fund data. You can see that the **Global Barclay Hedge Funds** index, which is an index of HF performance, is pretty close to Benford’s distribution. But **Bernie Madoff’s Fairfield fund** is off. + +&#x200B; + +[Source: Frunza \(2016\), Introduction to the Theories and Varieties of Modern Crime in Financial Markets](https://preview.redd.it/wx6ah28u94271.png?width=414&format=png&auto=webp&s=c5b1104004ee86b6c5c1aa79984fd40fb3d0cff7) + +Here’s another comparison – this time one is a normal bank and one is a failed bank suspected of fraud. + +&#x200B; + +[Source: John P. O’Keefe et al. \(2017\) Offsite Detection of Insider Abuse and Bank Fraud among U.S. Failed Banks 1989-2015, Federal Deposit Insurance Corporation](https://preview.redd.it/pn9h8as7a4271.png?width=692&format=png&auto=webp&s=2f65c600cee22446bdacfc17247d689847f5f547) + +&#x200B; + +[Source: John P. O’Keefe et al. \(2017\) Offsite Detection of Insider Abuse and Bank Fraud among U.S. Failed Banks 1989-2015, Federal Deposit Insurance Corporation](https://preview.redd.it/a6oh0m79a4271.png?width=691&format=png&auto=webp&s=f0b06db340124ecbf40b62d3b528958b2a5da47d) + +&#x200B; + +For kicks, here's **Enron** too. + +&#x200B; + +[Source: towardsdatascience DOT com](https://preview.redd.it/c854xtpxa4271.png?width=708&format=png&auto=webp&s=2e9babcf4232a5d242afb8a337942c1eb843bd0d) + +# Here are the GameStop charts + +OK but what about **GameStop** right? That’s what we want to know! + +I pulled the historical daily closing prices of GME from Yahoo Finance and generated three charts. A BL chart for the entire set of historical prices starting from 2002; a chart for the past 5 years – to cover the specific period of the sus directors who have now resigned and the period of short selling/the narrative of GameStop’s demise; and a chart from 2020-2021, to cover what we all suspect is the period of highest f\*ckery in the GME share price. The range of numbers is wide and good for all three charts. Even the 2020-2021 chart ranges from prices around 3 or 4 dollars right up to the top of the aborted squeeze in January 2021. + +&#x200B; + +[Max historical data](https://preview.redd.it/6kgcbzn8b4271.png?width=3372&format=png&auto=webp&s=a1594d672dc1e2331f6d7302f7b2922cf925fe51) + +&#x200B; + +[5 years](https://preview.redd.it/4j756b3bb4271.png?width=3349&format=png&auto=webp&s=7efe121a05fa6219bceb93aa27e260dede5a98b2) + +&#x200B; + +[15 months](https://preview.redd.it/gr4qek0db4271.png?width=3671&format=png&auto=webp&s=95ac44a262c25e4eace7daf216c64fc17e00e6c2) + +I can’t be bothered to share my Excel file right now but here is a screenshot and if doubting apes really want the file with all the numbers and to look at the formulas, let me know and I can do this. + +&#x200B; + +[Raw data in Excel](https://preview.redd.it/fmwsxznib4271.png?width=991&format=png&auto=webp&s=2c1f1844dd39078d62c752992aabf9b876043d28) + +# TLDR + +Generally you can see that even when we take the entire data set going back to 2002, the GME share price is pretty off. The distorted pattern in the 5-year chart becomes even more exaggerated in the 2020-2021 chart. When you compare to **Madoff** or **Enron** for example, **GME looks much worse**. + +# Playing with Benford’s Law by yourself + +If you want to play with BL by yourself, google **"How to use Excel to validate a dataset according to Benford’s Law"**. It is pretty easy, so give it a go! + +And this is a good and simple background reference which I used for this post - google: ©2011 **THE IMPACT AND REALITY OF FRAUD AUDITING BENFORD’S LAW: WHY AND HOW TO USE IT** by GOGI OVERHOFF, CFE, CPA Investigative CPA California Board of Accountancy Sacramento, CA + +I am not a quant, far from it, so if anyone more experienced wants to counter or dispute, please feel free! Because I am currently writing an MSc dissertation about hedge fund fraud, I needed to read about fraud detection methods for my literature review, which is how I found out about Benford’s Law, but my dissertation is more about public policy implications, it’s not quantitative. + +**Disclosure:** I bought the Friday dip! 🚀 🚀 🚀 + +Love from u/animasoul 29 May 2021, 21:25 BST + +# EDIT 29 May 2021 22:44 BST + +I am adding this because it is coming up in comments - i.e. it is disputed that Benford's Law can be applied to closing stock prices. This was my response to u/brickhouse1013: *Well generally in academia you will always find people who position themselves on both sides of an argument. For example, I googled quickly just now and near the top of the search list one paper says this: “In general, in a given financial market, the probability distribution of the first significant digit of the prices/returns of the assets listed therein follows Benford’s law, but does not necessarily follow this distribution in case of anomalous events.” But another paper says this: “Application of Benford's Law in the field of financial analysis is very rarely covered. ... Stock turnover data conforms to Benford's Law, while daily closing stock prices do not. Probably, psychological factors significantly influence daily closing stock prices, so these values do not conform to Benford's distribution.”* ***Science can’t tell you the truth of anything, it can only persuade you either way or make you investigate more.*** *But definitely it would be interesting to do more charts for other stocks to compare.* + +# EDIT 29 MAY 2021 23:09 BST + +OK in response to comments here is a quick and dirty chart of **Google** all time closing prices. It's not perfect but generally follows the shape better than GME, especially the more recent charts. It even starts and ends perfectly. Intuitively, you would expect that it is harder to manipulate Google over its entire lifetime, although I wouldn't exclude manipulation in any stock when you take into account the context that manipulation of financial markets is probably the norm rather than the exception: + +[Google blue\/Benford orange - couldn't be bothered to make it the same as my other prettier charts](https://preview.redd.it/jjt3ogu7v4271.png?width=1653&format=png&auto=webp&s=17c88133990305bddc6b96c01988f7769a03f1f3) + +# Last edit? + +Based on the comments I just want to also point out that **what I have done with BL is very very simple**. This is the most basic application of it, that's why I pointed out in the original post that I am not a quant. It can be and is applied in much more complicated and subtle ways, so see this post as a very small intro. You will need to go to google and find papers using the method to get a better picture, as far as you want to take that, which is beyond the scope of this post. Please take my post for what it is, which is something I produced in the middle of the night because I am bored of the other work I have to do this weekend. I hope you enjoyed learning about Benford's Law if it is something new to you. But this is only scratching the surface. Peace. + +# Not the last edit - 30 May 2021 + +Am adding this on behalf of u/RogueMaven who doesn’t have enough karma to post. This is a valid perspective to take into account regarding **the notable favouring of the numbers 1 and 4** in the data. I think this shows that it is worth giving any data a good chance before dismissing too quickly. It is a process and we aren't going to come to the conclusion when we are standing at the beginning. + +*Really interesting article on applying Benfords Law! I didn’t know of it until your post.* ***Intuitively I’ve known that manipulated stocks close with 1’s and 4’s more often. My assumption is 1’s mess up PUT buyers by being $1 over strike and 4’s mess up CALL buyers by being just under a $5 increment - people seem to have a tendency to think in $5’s.*** *Not enough karma to reply in forum, but I always appreciate learning something new, so thank you for writing the article 👍* + +&#x200B; + +# 30 May 2021, COUNTER TO THE COUNTER DD + +# 1: THE DATA SET IS TOO SMALL + +See *Benford's Law : Applications for Forensic Accounting, Auditing, and Fraud Detection*, 2012 by Mark J. Nigrini and Joseph T. Wells + +[Benford's Law : Applications for Forensic Accounting, Auditing, and Fraud Detection, 2012 by Mark J. Nigrini and Joseph T. Wells, page 12](https://preview.redd.it/f9abus3ajb271.png?width=740&format=png&auto=webp&s=610fb11e97a2cbc534678a335e5e1d3d3058b019) + +This is a book entirely dedicated to Benford's Law as a method. + +The GME Max all time chart starting from 2002 has **4857** records. + +The GME 5-year chart has **1259** records. + +The GME 15-month chart has **355** records. This is more than 300 records so the first-digit test can be used. + +So according to **Nigrini**, who, as I said in my original post, is acknowledged in the literature as establishing the validity of BL in forensic accounting, **the number of records available for GME is large enough and furthermore, there is nothing wrong in principle with testing small data sets**. + +# 2: NOT ENOUGH MAGNITUDES IN GME DATA + +Elsewhere in Nigrini's book, he uses the first-digit test on a small data set of a hairdresser's daily sales. The sales look like they rarely go over $100. He has no problem to test within this magnitude and to conclude that the hairdresser is fudging her numbers. + +&#x200B; + +[Benford's Law : Applications for Forensic Accounting, Auditing, and Fraud Detection, 2012 by Mark J. Nigrini and Joseph T. Wells](https://preview.redd.it/oc2bkrkpob271.png?width=756&format=png&auto=webp&s=2cdd20689d08cdfa230e5bca6184192930fce348) + +&#x200B; + +[Benford's Law : Applications for Forensic Accounting, Auditing, and Fraud Detection, 2012 by Mark J. Nigrini and Joseph T. Wells, p. 191](https://preview.redd.it/i8b8ydtnpb271.png?width=749&format=png&auto=webp&s=7c5af0b1369dfc587ca595f2c05cce8d94179f5f) + +&#x200B; + +# 2. BENFORD'S LAW CAN NEVER BE USED TO TEST THE PRICES OF A SINGLE STOCK + +\- It has been done very recently in 2020 in *Designing Shorting Strategies with Benford’s Law,* Sedrick Scott Keh, supervised by Dr. David Rossite + +[BL applied to one stock](https://preview.redd.it/kc03n0k8kb271.png?width=677&format=png&auto=webp&s=1f0071b16b09f1efef92a490dcd41888f0ca299e) + +&#x200B; + +This is the paper that the **Counter DD** and others cite: + +https://preview.redd.it/wt8a3ozekb271.png?width=841&format=png&auto=webp&s=32f68ab1861ccc7425fb82ab9f2e77045a8feecb + +&#x200B; + +https://preview.redd.it/5qu80dewlb271.png?width=424&format=png&auto=webp&s=7edf79545f26de0f960e0d54b8c57284ef3bd105 + +\- Just because something is **"rarely covered"**, or has never been done before, doesn't mean you aren't allowed to be the first. This is a good thing. In academic research it is called **"filling a knowledge gap"**. If you are a student you will get credit for finding and filling a knowledge gap. You are pushing the boundaries of knowledge. + +\- The **Counter DD** makes it sound as if the paper is arguing that BL cannot as a principle be used on stock prices because they are not natural data sets. **The paper does not say this.** The paper simply says that in Zagreb the stock prices do not conform and offers two possible reasons: *either* psychological *or* **manipulation**. Which means that BL is a proper method to use to screen for potential manipulation. + +# TLDR + +The data sets for all three GME charts are large enough; the magnitudes are enough; it is permissible to use BL on historical prices of single stocks; if a stock is not conforming to BL, **"the influence of financially powerful groups"** might be the reason. +that stocktwits is borderline depressing, it went from "5$ next week!" to "$3 next week!!" to "$2 next week" and the stock is just non stop going down. What are these people drinking? move on people. I never baghold cause I can make it back faster on other garbage stock to buy. +Just wondering peoples thoughts on what could ignite the next bull run? We have clearly been on a continuous downtrend for the past 6 months which has been a little depressing and bitcoin is over 30% down from this point 1 year ago. What can get us out of this? + +Could it be the Russia invasion of Ukraine coming to an end? XRP winning the court case against SEC? Bitcoin being declared as part of a big company's balance sheet? Or could we have to wait as long as the next bitcoin halving in 2024? + +Personally I think the war plus inflation is probably the biggest thing holding us back right now! +I have to believe it's all shorts, I just can't imagine anyone genuinely invested in the space is selling at this point, they have to be buying. + +The price just doesn't make sense. Even before the boom, we should of only retraced to around 180 once the normal people got out. + +What are you all doing? +This is a tutorial on how you can participate in the Prysmatic Labs ETH 2.0 testnet. This tutorial is for the Linux version. Apparently it is much easier to use Docker for this, but I have no clue how to use Docker so if someone made a tutorial for that I would appreciate it. + +**Step 1:** Get on to Linux. I used Mint on Hyper V, but Ubuntu or whatever is fine, VirtualBox whatever doesn't matter. If you have it installed on your computer already great, if not you can use a virtual machine. There are plenty of [good tutorials](https://www.youtube.com/watch?v=sAe7iiZZE3Y) for that already so I won't get in to it here. + +**Step 2.** Now that you are on Linux, open up the terminal and start installing a few tools. + +First, get Git by copy pasting this into the command line. + +>sudo apt-get install git + +Now Curl + +>sudo apt-get install curl + +Now Openjdk + +>sudo apt-get install openjdk-8-jdk + +Now Bazel, this one takes a few commands. + +>echo "deb [arch=amd64] http://storage.googleapis.com/bazel-apt stable jdk1.8" | sudo tee /etc/apt/sources.list.d/bazel.list + +then + +>curl https://bazel.build/bazel-release.pub.gpg | sudo apt-key add - + +then + +>sudo apt-get update + +then + +>sudo apt-get install bazel + +**Step 3.** Copy the prysmatic labs files from github to your computer + +>git clone https://github.com/prysmaticlabs/prysm + +Now change to the prysm directory + +>cd prysm + +Step 5: Check bazel is good, then build. + +>bazel version + +This should spit out bazel version 0.25.1 and some timestamps and stuff. + +Now buidl + +>bazel build //beacon-chain:beacon-chain + +This will take a while. + +>bazel build //validator:validator + + +This will also take a bit. + +**Step 4.** Fire up your node + +>bazel run //beacon-chain -- --clear-db --datadir=/tmp/prysm-data + +And wait for it to sync up. This has been a bit flakey for me. You might need to close and reopen it a few times to get it to take. If that is the case close the terminal. then open a new one and run + +>cd prysm + +then run this again. + +>bazel run //beacon-chain -- --clear-db --datadir=/tmp/prysm-data + +**Step 5.** While waiting for the node to sync get yourself some goerli ETH. + +For this section of the guide I will defer to [Mudit Gupta's blog.](https://mudit.blog/getting-started-goerli-testnet/) + +Make sure to make a new metamask account with a different private key, then grab some funds from the faucet. + +**Step 6.** Start up your validator. + +Open another terminal window and run + +>cd prysm + +then + +>bazel run //validator + +You will need to make a password so type what you want in and hit enter. + +This should spit out "Deposit Data" it will be between two bars of equal signs for easy identification. + +Go to https://alpha.prylabs.net/participate + +You should already have some Goerli ETH, so make sure your metamask is set to the goerli network and connect to their site. + +Paste the deposit data in. + +Then send your 3.2 goerli eth to the deposit contract. + + +Wait for everything to go through and congratulations, you are now staking (goerli) ETH! +From my understanding if I get solar panels installed on my roof: + +* Panels are owned, not leased. +* I get a 51% tax credit (25% SC + 26% Federal)\*. Get reimbursed almost half of the total cost when I file taxes. +* No down payment. +* Monthly solar payment plus utilities is 20% *less* than my average utility bill over the past 3 years. +* 25 year warranty such that if my solar panels dip below 80% of their rated performance they get replaced free of charge. + +Surely I'm missing something, right? So I keep living along as usual and I get a $10k - $15k check during tax season, *and* I pay 20% less monthly for power+solar payments?? I've also had an appointment with a 'Solar Advisor' from my utility company, a neutral 3rd party whose job it is to just provide the facts (as I understand it). According to the solar advisor, the utility company buys back the power I generate for the exact price I pay them. Should that rate change in the future, I'll get grandfathered in and maintain our agreed upon 1:1 rate. + +&#x200B; + +Even more factors in my favor: + +* I have natural gas water and house heating. Per the solar advisor, I'll likely build up a credit during winter and spend that credit over summer when air conditioning is needed. Ultimately breaking even. +* No HOA +* No trees nearby +* House faces north-to-south. + +&#x200B; + +A couple things that aren't adding up/red flags: + +* According to the utility company, only 700 out of their 68,000 customers only have solar?? I understand that a large portion of their customer base probably rentals, HOA-restricted, or multi-family building residents. I'm outside of city limits in a relatively rural area so I'm doubtful that 99% of their customer base falls under those categories. +* If this deal is so good, why would I be the ONLY house in my neighborhood with rooftop solar? + +&#x200B; + +In order to structure the payments such that my average monthly payment is less than what I'm paying currently, the loan payments will last \~20 years. Should I sell my house before the panels are paid off, I imagine it wouldn't be too difficult to add the balance of the loan to the asking price of the house. If I were a buyer it'd certainly be a bonus to buy a house that *doesn't* have a power bill! + +&#x200B; + +*\*SC pays the tax credit in $3,500 increments each year.* + +&#x200B; + +TLDR: If I get rooftop solar my net monthly payment will be 20% cheaper than my average electric bill, and I get half the total solar cost back when I file taxes. This seems too good to be true, and I'm trying to find the catch. + +&#x200B; + +EDIT: The solar advisor from the utility company made a good point in suggesting that it'd be a good idea to make any home appliance updates before getting solar (i.e. replace my 20 year old hvac). That way I can have a better understanding of my monthly power consumption. +Because of the numerous advantages of "photons" (light) in comparison with "electrons", photonic circuits (to "use" this photons) will be implemented in almost every electronic device (**datacom, 5G, LiDAR , medical devices, sensors, quantum computing, neurotrophic computing,...**) and thereby replacing the old, expensive and limiting electronic structures, in the near future (couple years from today). + +**Video about optical computing (photonic circuits):** [https://www.youtube.com/watch?v=UWMEKex6nYA&ab\_channel=Futurology%E2%80%94AnOptimisticFuture](https://www.youtube.com/watch?v=UWMEKex6nYA&ab_channel=Futurology%E2%80%94AnOptimisticFuture) + +**Just like the internet, hydrogen, electric vehicles, green stocks,...the photonic circuit market is forecasted to take off.** + +**Market sales forecast of optical transceivers:** + +https://preview.redd.it/8kkau3wvqfu71.png?width=1062&format=png&auto=webp&s=d631f55e8d0a85bae3311bbc7395b1a4ddbc01b4 + +After years of development by a topclass highly experienced team, **POET Technologies (POETF)** now has the technology (the "POET interposer platform") to use photons in devices with outstanding performance, well covered by >70 patents. They also have already 4 committed **customers** (POET said they will announce more info soon) lots of requested **samples**, two **design wins** and a joint venture with **SANAN IC** for mass production soon. **Nasdaq** (in q4/q1) ticker "POET" is reserved. Their first market of interest is **datacom**. + +**Investment bank IBK Capital Corp**: *"POET is at an inflection point for rapid growth. As part of the fab-light strategy, POET will focus on growing the OI business in fast-growth, multi-billion dollar markets driven by internet traffic, datacenter development, 5G networks and the integration of photonics and network switching devices. The total available market POET is pursuing for integrated photonics is estimated to be US$20 billion by 2025.* ***Price target: 9,56usd, 12-18 months***." + +**DD: Why POET?:** [https://www.reddit.com/r/POETTechnologiesInc/comments/q8wgmu/why\_poet/](https://www.reddit.com/r/POETTechnologiesInc/comments/q8wgmu/why_poet/) + +**Additional information** about the POET Optical Interposer platform: + +Video: [https://www.youtube.com/watch?v=9bdx5XdEbYo&ab\_channel=POETTechnologies](https://www.youtube.com/watch?v=9bdx5XdEbYo&ab_channel=POETTechnologies) + +Text: [https://poet-technologies.com/poet-platform.html](https://poet-technologies.com/poet-platform.html) + +&#x200B; + +**Other companies** diving into photonics: Lightwave Logic, Intel, NeoPhotonics **-**\> check them out as well. They have very good/brilliant tech, but, they all still have fundamental flaws that POET's optical interposer platform improves upon. + +&#x200B; + +A product (the POET interposer platform) that completely outperforms (e.g. most versatile, lowest noice, lowest costs, highest speed) the current industry standard in a huge new market in front of us, I personally think that's **very interesting, so I want to share this with everyone here** (I read: "posts about the stock market in general are all welcome."). + +I hope everyone can at least think about it. Thank you for your attention. Questions can be asked. +Hi quite simply I checked my statement today and my card has been used on an online gambling site. Is it possible that my card details have been leaked somewhere online? + +I have called the bank and explained the situation. Is there a chance they will be able to track this guy? Can they trace his IP oir get his name from the gambling company? + +Thanks +[https://news.gamestop.com/news-releases/news-release-details/gamestop-forms-partnership-immutable-x](https://news.gamestop.com/news-releases/news-release-details/gamestop-forms-partnership-immutable-x) + +GameStop Corp. GME said Thursday it has entered a partnership with Immutable X Pty Ltd., under which it will create a fund of up to $100 million in Immutable X's IMX tokens, which will be used for grants to creators of non-fungible token content and technology. + +&#x200B; + +&#x200B; +Guten Tag to this global band of Apes! 👋🦍 + +We are nearing the end of another week in the GME saga, it is a good moment to reflect upon just what a great company we are invested in, and what a great time it is to HODL GME. +Nobody can predict the MOASS, but one thing is clear to me - the MOASS is inevitable. +The Short Hedge Funds never closed their short positions. +They bet heavily upon their ability to kill GameStop and profit from the destruction. +They had profited so much from doing the same thing numerous times, and they were certain they could do it again. +Even at the point of the Sneeze, I expect that the Institutional Shorts viewed the price hike as a golden opportunity to massively increase their short position, assuming they would emerge victorious. + +They did not understand who they were up against. +They had never faced the strength of Diamantenhände. +They had never faced true Apes. + +Meanwhile, GameStop's leadership was completely overhauled, and a new foundation was built. +GameStop wiped its debt, established a massive cash reserve, and became financially healthy. +GameStop reinforced its supply chain, and began to delight customers with same-day delivery and great new products. +GameStop invested in a digital expansion, partnering with industry leaders to launch an NFT ecosystem to an eager customer base. +As we await the next stage in this expansion plan, due any day now, rest assured that this is a company that will continue to thrive. + +I would *hate* to be on the wrong end of a bet against this company right now. + +Today is Thursday, June 23rd, 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: **$138.41 / 131,56 €** *(volume: 411)* +- 🟥 115 minutes in: $138.47 / 131,61 € *(volume: 411)* +- 🟥 110 minutes in: $138.84 / 131,96 € *(volume: 376)* +- 🟩 105 minutes in: $138.90 / 132,02 € *(volume: 376)* +- ⬜ 100 minutes in: $138.76 / 131,88 € *(volume: 365)* +- 🟥 95 minutes in: $138.76 / 131,88 € *(volume: 365)* +- 🟩 90 minutes in: $138.84 / 131,96 € *(volume: 363)* +- 🟥 85 minutes in: $138.62 / 131,75 € *(volume: 340)* +- 🟩 80 minutes in: $138.65 / 131,78 € *(volume: 335)* +- 🟥 75 minutes in: $136.90 / 130,12 € *(volume: 304)* +- 🟥 70 minutes in: $138.04 / 131,20 € *(volume: 190)* +- 🟩 65 minutes in: $138.20 / 131,36 € *(volume: 190)* +- 🟥 60 minutes in: $137.59 / 130,77 € *(volume: 187)* +- 🟥 55 minutes in: $137.68 / 130,86 € *(volume: 187)* +- 🟥 50 minutes in: $137.72 / 130,90 € *(volume: 187)* +- 🟩 45 minutes in: $137.81 / 130,99 € *(volume: 187)* +- 🟩 40 minutes in: $137.75 / 130,93 € *(volume: 132)* +- 🟥 35 minutes in: $137.71 / 130,89 € *(volume: 119)* +- 🟥 30 minutes in: $137.71 / 130,89 € *(volume: 116)* +- 🟥 25 minutes in: $137.74 / 130,92 € *(volume: 116)* +- 🟥 20 minutes in: $137.81 / 130,99 € *(volume: 116)* +- 🟩 15 minutes in: $137.82 / 131,00 € *(volume: 38)* +- 🟥 10 minutes in: $137.66 / 130,84 € *(volume: 8)* +- 🟥 5 minutes in: $137.74 / 130,92 € *(volume: 8)* +- 🟥 0 minutes in: $137.76 / 130,94 € *(volume: 1)* +- 🟥 US close price: $138.46 / 131,60 € *($138.20 / 131,36 € 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 1.0521. I programmed a tool that assists me in fetching this data and updating the post. If you'd like to check current prices directly, you can check [Lang & Schwarz](https://www.ls-tc.de/de/aktie/gamestop-aktie) or [TradeGate](https://www.tradegate.de/orderbuch.php?isin=US36467W1099) + +Diamantenhände isn't simply a thread on Superstonk, it's a community that gathers daily to represent the many corners of this world who love this stock. Many thanks to the originator of the series, DerGurkenraspler, who we wish well. We all love seeing the energy that people represent their varied homelands. Show your flags, share some culture, and unite around GME! +Guten Tag to this global band of Apes! 👋🦍 + +We are nearing the end of another week in the GME saga, it is a good moment to reflect upon just what a great company we are invested in, and what a great time it is to HODL GME. +Nobody can predict the MOASS, but one thing is clear to me - the MOASS is inevitable. +The Short Hedge Funds never closed their short positions. +They bet heavily upon their ability to kill GameStop and profit from the destruction. +They had profited so much from doing the same thing numerous times, and they were certain they could do it again. +Even at the point of the Sneeze, I expect that the Institutional Shorts viewed the price hike as a golden opportunity to massively increase their short position, assuming they would emerge victorious. + +They did not understand who they were up against. +They had never faced the strength of Diamantenhände. +They had never faced true Apes. + +Meanwhile, GameStop's leadership was completely overhauled, and a new foundation was built. +GameStop wiped its debt, established a massive cash reserve, and became financially healthy. +GameStop reinforced its supply chain, and began to delight customers with same-day delivery and great new products. +GameStop invested in a digital expansion, partnering with industry leaders to launch an NFT ecosystem to an eager customer base. +As we await the next stage in this expansion plan, due any day now, rest assured that this is a company that will continue to thrive. + +I would *hate* to be on the wrong end of a bet against this company right now. + +Today is Thursday, June 23rd, 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: **$138.41 / 131,56 €** *(volume: 411)* +- 🟥 115 minutes in: $138.47 / 131,61 € *(volume: 411)* +- 🟥 110 minutes in: $138.84 / 131,96 € *(volume: 376)* +- 🟩 105 minutes in: $138.90 / 132,02 € *(volume: 376)* +- ⬜ 100 minutes in: $138.76 / 131,88 € *(volume: 365)* +- 🟥 95 minutes in: $138.76 / 131,88 € *(volume: 365)* +- 🟩 90 minutes in: $138.84 / 131,96 € *(volume: 363)* +- 🟥 85 minutes in: $138.62 / 131,75 € *(volume: 340)* +- 🟩 80 minutes in: $138.65 / 131,78 € *(volume: 335)* +- 🟥 75 minutes in: $136.90 / 130,12 € *(volume: 304)* +- 🟥 70 minutes in: $138.04 / 131,20 € *(volume: 190)* +- 🟩 65 minutes in: $138.20 / 131,36 € *(volume: 190)* +- 🟥 60 minutes in: $137.59 / 130,77 € *(volume: 187)* +- 🟥 55 minutes in: $137.68 / 130,86 € *(volume: 187)* +- 🟥 50 minutes in: $137.72 / 130,90 € *(volume: 187)* +- 🟩 45 minutes in: $137.81 / 130,99 € *(volume: 187)* +- 🟩 40 minutes in: $137.75 / 130,93 € *(volume: 132)* +- 🟥 35 minutes in: $137.71 / 130,89 € *(volume: 119)* +- 🟥 30 minutes in: $137.71 / 130,89 € *(volume: 116)* +- 🟥 25 minutes in: $137.74 / 130,92 € *(volume: 116)* +- 🟥 20 minutes in: $137.81 / 130,99 € *(volume: 116)* +- 🟩 15 minutes in: $137.82 / 131,00 € *(volume: 38)* +- 🟥 10 minutes in: $137.66 / 130,84 € *(volume: 8)* +- 🟥 5 minutes in: $137.74 / 130,92 € *(volume: 8)* +- 🟥 0 minutes in: $137.76 / 130,94 € *(volume: 1)* +- 🟥 US close price: $138.46 / 131,60 € *($138.20 / 131,36 € 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 1.0521. 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! +Hello options people. With all the new blood in the options community, I thought it was worthwhile to update my Options guide and re-post it. It has significantly more content than last time. This should be really useful for newer traders, I hope it helps. + +&#x200B; + +I spent a huge amount of time learning about options and tried to distill my knowledge down into a helpful guide. This should especially be useful for newbies and growing options traders. + +While I feel I’m a successful trader, I'm not a guru and my advice is not gospel. This will hopefully be a good starting point, teach you a lot, improve on your existing skills (if you already know the basics), and make you a better trader. I plan to keep typing up more info from my notebook, expanding this guide, and posting it every couple months. + +Any feedback or addition requests are appreciated + +*Per requests, I added details of good and bad trades I made. Some painful lessons learned are now included. I also tried to organize this better as it got longer.* + +This guide has gotten so big it is too long for one reddit post, so now it’s two parts. I’ll cross-link each post so you can easily jump between. + +Part 1 - Beginner, training, links, and concepts focused. + +Part 2 - Advanced beginner, Intermediate, and Advanced strategies. + +# Here's what I tell options beginners: + +I would strongly recommend buying a beginner's options book and read it cover to cover. That helped me a lot. + +I like this beginner book:[ https://www.amazon.com/dp/B00GWSXX8U/ref=cm\_sw\_r\_cp\_apa\_OxNDFb2GK9YW7](https://www.amazon.com/dp/B00GWSXX8U/ref=cm_sw_r_cp_apa_OxNDFb2GK9YW7) + +## Helpful websites: + +* Tasty Trade (TT), E-Trade, and Ally Invest have helpful articles and videos. +* Tasty Trade: + * [https://www.tastytrade.com/tt](https://www.tastytrade.com/tt) + * [https://www.youtube.com/c/tastytrade1/featured](https://www.youtube.com/c/tastytrade1/featured) +* Ally Invest training: + * What is options trading? [ https://www.ally.com/do-it-right/investing/trading-options-for-beginners/?CP=EM2012111](https://www.ally.com/do-it-right/investing/trading-options-for-beginners/?CP=EM2012111) + * Top 10 options mistakes:[ https://www.ally.com/do-it-right/investing/top-10-option-trading-mistakes/?CP=EM2012111](https://www.ally.com/do-it-right/investing/top-10-option-trading-mistakes/?CP=EM2012111) +* E-Trade has many free webinars open to anyone. +“On Demand” lists prior recordings. “Upcoming” lists live webcasts you can watch and ask questions in, even if you aren’t a customer. +[https://us.etrade.com/knowledge/events](https://us.etrade.com/knowledge/events) +* 3 common option mistakes:[ https://us.etrade.com/knowledge/library/options/common-mistakes-options-traders-make](https://us.etrade.com/knowledge/library/options/common-mistakes-options-traders-make) +* Common options strategies:[ https://www.optionsbro.com/basic-options-strategies/](https://www.optionsbro.com/basic-options-strategies/) +* Investopedia has tons of great investing info for stocks and options:[ https://www.investopedia.com/](https://www.investopedia.com/) +* Kamikaze Cash Theta Gang Videos:[ https://youtube.com/playlist?list=PLOweupE79XXiBaeH\_xBpkUcYUsrAaKQen](https://youtube.com/playlist?list=PLOweupE79XXiBaeH_xBpkUcYUsrAaKQen) +* 20 rules of professional traders: [https://www.investopedia.com/articles/active-trading/022715/20-rules-followed-professional-traders.asp](https://www.investopedia.com/articles/active-trading/022715/20-rules-followed-professional-traders.asp) + +## Don't trade until you understand: + +* You can lose your entire contract value when buying. +* You can lose a lot of money when selling "naked", theoretically unlimited. +* How option expiration works. +* Theta (decay) and how it works. This is imperative since it's attrition when buying and a payout when selling. [ https://www.optionseducation.org/advancedconcepts/theta](https://www.optionseducation.org/advancedconcepts/theta) +* DTE: Days till expiration/expiry +* Understand delta in general and how delta changes with ITM and OTM options. +* Understand all the Greeks at a high level, as you get better understand them well. The Greeks: [https://www.optionsplaybook.com/options-introduction/option-greeks/](https://www.optionsplaybook.com/options-introduction/option-greeks/) +* Options positions with respect to price: + * ITM: In the money; strike is below stock value. + * ATM: At the money; strike is just at or above the stock value, often very highly traded. Can be very effective with moderate - long term expiry. If the stock moves favorably, an ATM option’s delta will rapidly increase. + * NTM: Near the money; strike is above the stock value, but fairly close. Slightly unofficial term. + * OTM: Out of the money; price is at least a few strikes from the current stock price. I would say 10-30% over stock price. + * Very OTM: Not a real definition, this is essentially a lottery ticket. Cheap, but almost certain to expire worthless unless there is explosive movement. +* IV, IV crush, and how IV affects pricing. In general, you want to sell when IV is high and buy when the IV is low. Increasing IV is good for held calls/puts. IV drop or crush is generally good for sellers. +* Selling options can be quite beneficial. Once you have a good general understanding, lookup r/thetagang . Kamikaze Cash has good YouTube videos on most theta strategies (linked above). I personally believe selling options (especially cash secured) is much safer and can consistently make you profits. Θ Gang 4 life. +* FOMO and how to avoid chasing a dangerous trend. DO NOT CHASE FROM FOMO! +* What intrinsic and extrinsic value are. Know how they are affected by being exercised/assigned and how theta affects them. +* Understand that some WSB recommendations are straight up high-risk gambling and factor in that information accordingly. Be careful with Meme stocks and the survivor-ship bias on YOLO plays. However, I love the sub and think it’s hilarious. It has a lot of valuable information / DD if you are comfortable with the “colorful” language. It’s also great if you like rocket ship emojis. + +## Basics / Mechanics + +* Understand the 4 "main" option types. Buying or selling a call and buying or selling a put. Spreads and more complex multi-legged option strategies are based off these in some way (see below) +* You can sell calls with 100 shares of stock or if you own an underlying longer term option; see LEAPS and PMCCs later. Selling calls naked is incredibly risky and often requires Level 4 (very advanced) permissions and usually a lot of capital. I will literally never sell calls naked since I don't want to ruin my life and end up living in a dumpster eating saltine crackers. +* Puts can be sold/written cash covered (cash secured), which means you have the cash in your account to buy 100 shares. Your broker will put this money on hold until the trade is closed. Puts can be sold "naked" using Margin and Level 3 (with most brokers). Your broker will hold a percentage of cost of 100 shares (often 30-40%, 100% on meme stocks) allowing you to sell more puts. This increases your available capital/power as well as increasing risk. + +# General Tips and Ideas: + +* Don't EVER leave (short) spreads open on expiration day, close them. (more details below) +* Start off trading very small. Slowly build up over weeks / months. You need to get accustomed to a fifty dollar swing a day, then a few hundred, then a few thousand. You need to ensure you don't get emotional (see below). I started trading options with 5k, then 25k, 50k, and later over 100k. I added my own funds over time and used my gains to build my account. Don’t go all in immediately, that’s dangerous and unwise. +* Especially as you build up the amount of money you have invested, keep it diversified among several stocks. + * Don't go all in on one thing, ever. Be able to take a hit from one stock and not mortally wound your portfolio. + * A company may be doing great, then there's a major product issue out of nowhere. If you are overexposed in one stock this can really hurt you. + * I had to roll options I sold that were about to expire completely worthless because FDX's CEO changed and the stock took a hard dip. +* Don't trade emotionally. If you realize you are emotionally trading for vengeance, you should probably exit the trade and cool off for several days with that stock. Same if you get caught up in a wave of hysteria. +* Planning Trades: + * Have a plan for every trade, ideally with entries / exits that are specific values, ranges, or a set condition. This helps remove emotions. This is super important for strong movements and high volatility (see later). + * Hedge fund guy on YouTube stated that trading should be 90% planning and 10% execution. I agree with this more and more. + * My rough trading outline: + * Make a list of potentially viable stocks. + * Perform research. + * Set up a watchlist of stocks you want to trade. + * Have entry and exit plans for your trades. Setting stock price alerts for entries is my personal preference. + * Market opens / event occurs. React according to your plan. + * Based on new information, adjust, open, or close positions accordingly. +* Use an options profit calculator from your broker or an online one before entering a "new" trade, especially a complex multi legged trade:[ https://www.optionsprofitcalculator.com](https://www.optionsprofitcalculator.com/)/ +* “Rolling” an option: + Closing your existing option and opening a similar one at a different strike and/or expiration. + * Rolling a call “Up” would be selling a call you own and buying a cheaper call at a higher strike. + * Rolling a put “Down and out” closes your original one and buying or selling one at a lower strike at a longer expiry. + * Better broker interfaces have a literal “Roll” button. I know E-trade does. You can manually do it by selecting relevant contract legs. +* If you have a losing trade, re-evaluate it. If your initial assumption is definitely incorrect, close it. Don't stay in losing trades forever and lose the entire value of the option over stubbornness. If you re-evaluate and you think your assumption was right, hold, potentially consider adding another cheaper option (or buy another call / put). Rolling out sold options can help here. +* Don't try to day trade, especially with options. It's statistically unlikely to be profitable. Day-trading with options introduces extra liquidity risks and is dangerous, especially with spreads. +* Try not to over-trade, you'll likely mis-time the market over time. When I get emotional I over trade, then lose additional money on wash sales. If you scale your entries into positions it should help alleviate your desire to exit positions when they turn badly against you. Whenever I buy calls I do it at larger increments after W almost made me lose my hair; luckily it eventually came back. +* NEVER enter a position on a stock you have no idea about, especially when you read about it online or heard about it from some rando. +* At market open options contracts are often volatile and inflated. Buying during this time can be more expensive. Options are usually cheaper mid-day, I read somewhere 2-3PM is cheapest. I’ve had success around 12-1PM EST after prices settle. +* Try wheeling on cheaper stocks once you get all fundamentals down. +* When selling puts if you are very bullish consider "doubling down"; note this is higher risk. Use the credit from your put sale to buy shares or a cheap call. This can be roughly inversed with puts, except I wouldn't ever recommend shorting shares. +* Learn from your mistakes. You can’t go back in time and beating yourself up (to a point) is useless. Make a physical &/or mental note of it so you don’t do it again. If you don’t learn from it, then beat yourself up so you won’t do it again. +* If you have friends that like to trade, I find it helpful to discuss strategies and planned plays. I talk openly with my close friends about my current holdings and planned trades, it helps keep me accountable. If I get a wide-eyed look, I might be doing something excessively risky or stupid. I’ve over-leveraged myself in calls twice and I knew I shouldn’t have done it both times. When I tell my friends what I did and I’m embarrassed, it exemplifies the face that I shouldn’t have done it in the first place. You will also get ideas for new strategies or plays from them. It’s good to stay versatile and use multiple strategies when appropriate. + Beware of group-think/echo chambers. +* I recommend NEVER telling someone what to buy/sell and when. I’ll tell people MY plays or what I like and why, but I will not encourage them to emulate what I do. Depending on the audience, I’ll tell them my exact positions along with my exit and entrance strategy. With closer friends I’ll offer my thoughts on their trades (if asked). If my friend is doing something really risky (one of my friends does some scary stuff) I may ask them if they want my advice, and provide it, especially if they overlooked a risk/event. I will not encourage someone to execute/enter a trade since it has a high potential for hurt feelings or animosity all around. +* Don’t fall in love with a stock. + Just because something made you money before and you have high confidence in it doesn’t mean it will keep performing. I joke that FDX betrayed me when it started dipping and losing me money. I was over-confident of its bounce-back and sold too many puts too quickly. I’m in several losing trades because of it. However, I will keep good stocks in my roster/tracking list or try different strategies or re-enter trades when they change their behavior. +* As you start to both buy and sell options and get more experience in general, you'll start seeing the two sides to every trade. You will likely start adjusting your strategies or trying new trades out because of this. Things will likely click one day. Most/all the Greeks and options concepts will become almost second nature. For me this was when I could build an Iron Condor from scratch, which was a watershed moment involving a good understanding of many strategies. +* Understand Liquidity and volume. + * Trading in low volume, low open interest contracts results in wide bid/ask spreads and difficulty having your contracts filled. Look at all the data for a contract, not just the strike and price. + * Monthly Expiration dates typically have better liquidity. + * Multi-legged trades (Common examples are 2-legged vertical spreads or 4-legged iron condors) have more difficulty being filled, especially on bad brokers like Robin Hood. Having very liquid options for all legs is extremely helpful in obtaining timely and well-priced fills, which maximize your potential profits. +* Time in market vs timing the market: + * It is extremely difficult to time the market perfectly. If you wait for the perfect opportunity forever, history has proven you will miss out on gains. Keeping all your money out of the market has proven to be ineffective. Now if there is something serious happening with a stock/the market (like say a new pandemic), don’t go all in. I recommend entering incrementally at dips. If the stock has huge upside potential it may never go down, so it might make sense to partially enter at the current price. + * IMO selling puts is a great strategy to get into a stock you like, or at least make money off it. I think buying stock in lots of 100 is usually for suckers. Selling an ATM or ITM put (assuming the math works out) on a stock you were going to buy and hold is ALMOST free money. + * I recommend keeping some cash available regardless. If you have a very large account or expect a downturn, hedging with indexes like QQQ, SPY, or VIX or calls/puts may be wise. +* Every trade can't be a winner. You will take some losses, you must get used to it. I don’t like having a realized loss of 1K or more on any trade. However, this will happen, especially with larger accounts. + * As long as you win more often and beat the S&P that year I consider it okay. I’m kind of aggressive, so I consider 20%+ annually good. 30%+ annually is great. 40%+ and I’m dancing. After trading options I am almost baffled by my old belief that 5% annual returns (mostly from dividend ETFs) was “good”. That’s nothing to me now since I’m willing to take risks. +Note: While lots of people danced in 2020, realize that’s an insane Bull Run year and is atypical. + * Adhere to your own risk tolerance and never over-extend yourself, especially with margin use. Don’t make huge gambles leaving you uncomfortable. Only gamble with money you are willing to lose. + * My personal strategy is to make safer gains for the year and then enter slightly riskier strategies using those gains. I can be slightly-moderately more aggressive and compound my gains. For me I often sell puts to make money, then when I see a big opportunity I’ll sell a put and buy an OTM or moderately ITM call. +* Understand it’s not safe to try and get rich overnight. However, once you hit big “steps” things may start to snowball. You can enter more positions and take more risks if you choose to. + * For me this when I hit 50k, then 100k. I was able to balance low and moderate risk positions to more significantly grow my account. I’ll even do a high risk thing now and again because my gains can absorb it (assuming I have them). + * I can’t wait to get to 250K, then 500K. I know it’ll take quite a long time, but I am confident I’ll eventually be able to have 500K and (hopefully) 1M in my non-401k trading account with gains and additions from my job. I can only imagine how “dangerous” I will be with that kind of capital. +* If you missed "the next big thing" like AAPL, TSLA, or the time machine I’m building in my basement. Don't get upset, learn from it. Adapt and become a better trader for next time. + * Figure out why a company was so promising, before they mooned. Determine how you would have traded differently in hindsight. Apply those lessons to the next company you believe has long term growth prospects. + * For me that's putting in 1-2.5k towards shares and/or buying LEAPS on it. Depending on my bullishness I may buy “cheap”, fairly far OTM calls. The far OTM options are sort of lottery tickets. If I'm right the (relatively) low cost will have explosive profits; if I'm wrong, they didn't cost that much so it's a calculated loss I’m willing to accept. For more serious bets I’ll buy ITM LEAPS to run PMCCs on. I also like to buy 1-2K in my 401k for very long-term plays. +* The stock market hates uncertainty, it seems to crave the status quo. A shakeup can potentially tank a stock, even if it's nothing. With shares you can wait it out, but this can be problematic for options. If you see volatile/uncertain times ahead (politics, disease, manufacturing, earnings, etc.), you might want to reduce your overall portfolio risks or hedge. +* Brokers: + * Find a good broker. This article outlines good brokers that didn’t restrict trading during the GameStop squeeze craziness. +[https://www.reddit.com/r/stocks/comments/lbzkbi/reminder\_whether\_you\_own\_gme\_or\_not\_change\_your/](https://www.reddit.com/r/stocks/comments/lbzkbi/reminder_whether_you_own_gme_or_not_change_your/) + * I have personally used the following and here are my ratings: +E-Trade >> Fidelity >> Ally >> Robin Hood. + * The >> denotes they are significantly better. Fidelity is reliable, but their interface isn’t good. The app / site both work, but they are clumsy, “weak”, and outdated. It’s been described as “boomer-friendly” by a Fidelity employee on Reddit. Fidelity does have a “pro” type desktop software, it is geared toward more professional traders. + * Ally Invest has bad tools, is generally trash, and is unreliable, don’t use it. + * RH is free, but has bad fills. It is super unreliable and has had huge stock buying restrictions in stocks and quantities for multiple days. I don’t trade in their app anymore, but I do like using their wish lists for quick chart glances at daily activity. + * I really like E-Trade (and you’re about to hear why). + * E-trade has Power E-Trade on both desktop and mobile. These are fantastic tools for options trading. + * The mobile app destroys (most/all) other mobile apps in terms of organization, data available, and effectiveness. I think it’s phenomenal. I can throw together a 4-legged trade in seconds. I can easily see all Greeks, intrinsic/extrinsic value, volume, and every other trade parameter I need through their option chain screen by swiping left / right. + * *Note, I have not tried Schwab, just watched YouTube videos of their app. From watching those, Power E trade looks better.* + * The desktop version also has a trade analyzer (extensive P/L calculator) and a strategy seeker. The strategy tool gives you suggested trades based on your expected movement direction, expiry date, and amount invested. Both are well done and powerful. + * These tools are so intuitive and powerful that I would have a hard time going to another broker, even if it’s slightly cheaper. Even if E-Trade drops the ball again, I might keep my main account with them and set up my secondary / backup account with Schwab; that’s how much I like Power E-trade. + * **Noteworthy downsides.** They restricted GME buying for \~2 hours during market hours (\~2-4PM) and all after hours on Thursday 1/28/21 when the GME craziness was happening. This was the only restriction on buying I’m aware of. +The following week there was a day where I couldn’t execute a trade for an hour at open. This was during very high volume, but still no excuse. These issues made me very angry with them. These were the first big problems I’ve had in several months of active trading through them. + * My biggest annoyance. Power e trade sometimes shows spreads incorrectly arranged on mobile. On desktop you can adjust / fix the spread groups with the “Custom Groups” button, but mobile sometimes mixes two spreads or condors with the same symbol and expiry. This shows you different things than what you set up, but doesn't actually change what you own. For example I could open a 170/175 put credit spread and sell a 180 put. It might get confused on mobile and say 170/180 spread and 175 put. + * They are usually very reliable, but they are not perfect. I’m staying with them unless they have more major issues. + * Their options fees go from $.65 to .50 a contract once you trade enough, 30 trades / quarter I think. They’ll give you further discounts if you trade a lot for months, then call to ask for an option fee reduction/negotiation. + * If you decide to open an E-trade account and put enough money in, there is a new account incentive. It scales up depending on your contribution. If you feel like it, you can use my referral link. PM me for it if you’re interested. + * Rock Solid Brokers: + * Fidelity: Mediocre-bad tools, very reliable. + * Vanguard: Expensive. Reliable. + * Schwab: OK prices. Second hand, tools look okay-good. Very good reputation and reliable. If I ever decide to switch / diversify from E-trade, I’m trying them. +* Don’t over leverage yourself, understand your own risk tolerance. Don’t use up all your cash or margin buying power. Leave funds available to react if the market turns against you. If you use margin maintenance, ensure you have a cushion to prevent a potentially costly margin call. + +# Profit Retention / Loss Mitigation + +* If selling options, it is a viable strategy to close early after a large gain with many DTE left until expiry. See TT videos / strategies on this. +* Don't hold options through earnings unless you literally want to gamble. I like playing on earnings run ups, but that can be risky. +* If you hold options through earnings, IV crush will happen immediately afterwards, devaluing the option. However, if the option is profitable enough, IV crush won’t matter, which will still make money for a call buyer. A sold put sufficiently far OTM will benefit from IV crush, even if the stock dips after slightly bad or lukewarm earnings. +* Don't throw good money after bad. Don't gamble on a recovery if your assumption appears to be wrong or the market is flat out tanking. If you are wrong and still believe in the company, wait twice as long as your original plan (wait for your 2nd entry point vs 1st) before adding to your position. +* Consider using stop losses to lock-in profits on rides up or sometimes use them to prevent losses. Note, stops can be easily triggered in volatile options. Now when I'm up a lot on calls (especially around earnings or large momentum run-ups) I always set stop losses. I have been burned too many times. + In December 2020 I didn't set a SL on several thousand dollars of FDX calls I was already up on and I "lost" \~$5K of unrealized gains. If you're up big, don't get too greedy. +* A possible strategy if a stock is on a tear and you have multiple options open: +Close some positions (I prefer to do this incrementally if the stock has momentum), but leave 1+ open in case the stock goes into outer space/the floor. Next, set a stop loss with a little buffer below its current movement / range so it doesn't get hit unless the stock falls hard. Finally, watch the stock closely and if it keeps rising, keep moving the stop loss up in little bits incrementally. This will let you keep more profits on a hot streak, but give some protection and secure more gains. It will also help eliminate FOMO if a stock exceeds your expectations. +* Have rules when to roll out, down & out, or up & out. I like TT’s roll at break even or at 1x loss and to always roll for a credit (or for me a very minor cost). Obviously these rules need some monitoring. Know your stocks, the news, and technicals so you don’t jump the gun. + * If you roll early for a credit and you’re right, it’s not the end of the world. You’ll just need to hold longer, which will obviously tie up capital. Sometimes it’s better to tie up some money (especially if you aren’t paying interest) than eating a huge loss. + * Rolling too late can be worse though. I currently have a very underwater FDX put I sold that is over 2x loss, rolling it does almost nothing unless you want to pay a debit or extend it extremely far out. +* On huge options gains, **I strongly recommend taking profits by rolling up/down** or incrementally sell your contracts at several different prices (this is why having multiple contracts is nice). + * Rolling up involves selling your initial call, then using a fraction of your proceeds to buy a cheaper, further OTM call with the same expiry; puts are inverse this. When rolling up I like to ensure the new option’s cost is 15-40% of my realized gains. I’ll buy a more or less expensive replacement option based on my conviction in the stock and predicted movements. You can also roll up and out to get a further expiry and strike. + * This is monumentally important if you are playing with incredibly high rising stocks or during a short squeeze. + * **Sad story time:** +I completely screwed up when I forgot to roll up, twice, during the GME gamma/short squeeze. I didn’t take my own advice; I didn’t have a real exit or transition plan and I got emotional. It all happened so fast and I was at work; the insanity of the run up and subsequent gamma squeeze caught me off guard. I should’ve clocked out and thought through the situation for 15-30 minutes to form an impromptu plan, then executed trade(s). My moderate risk tolerance coupled with my desire to take profits took over. When the stock partially cratered after a run up, I sold to retain gains. In the heat of the moment I thought the squeeze was squoze and it was going to plummet into the ground and I wasn’t being rational. + * On 1x 4K call I would’ve made an additional 15-25K if I rolled up to a cheaper contract with some of my profits. + * I know I missed out on significantly more with a 2nd call I had. Depending when I rolled it, it would likely have been an additional 25-50k in profits. + * I talked about learning from your mistakes above. **This mistake is branded into my brain due to the massive gains I missed out on** **by not rolling up****.** I’m furious with myself as I write this 1 week after the GME gamma squeeze, I’m a planner and I didn’t plan. If anything I own is significantly up ever again, I’m rolling up (or at least setting a stop loss). If necessary, I’ll roll up a trade multiple times to keep extracting profits. + * Learn from my mistake so you don’t miss out on gains too. I strongly recommend rolling up when you are up big on a call / roll down when you are up big on a put. This enables you to take profits, stay in the game, and keep extracting more gains. +* If you trade a lot of options, talk to your broker about a discount. I was getting the standard $.50/contract with E-Trade, but I traded over 300 contracts a quarter and was able to get the fee reduced by over $.10 by just asking. I am now doing more spreads and condors, so once my volume gets very high, I’ll ask again. +* If you have a broker that isn’t great and you want to switch, leverage your current trading fees to the new broker. Tell them you’ll move over $### thousand if they beat your current options trading fee per contract. + +# Trade Planning & Position Management Tips + +* As you gain experience, start monitoring what kind of Delta, OTM, DTE, etc. you are most profitable with. Use it in your future trades. You'll often see the tasty trade 30-45DTE .3 Delta strategy for selling. +* Having rough rules to close trades early can be a smart strategy. + * A common rule is if you hit 50% max profit in 1/3 of the contract length, close it early. + * A slightly more aggressive rule, that I roughly adhere to, is if you hit 66% max profit in \~1/3 the contract length, close it early. + * If you sell “naked” / on margin it may make sense to keep huge winners open, especially with sold/written puts. I sometimes keep these big winners open with only 10-20% of the value left. I let theta slowly bleed them dry to get extra money. I’m using my (free) naked put margin maintenance to get extra profits. If other trades start to go bad, I’ll close these big winners to free up capital. +* Before entering a trade, look at rough technicals like resistances and supports to consider your relevant strikes as well as entry/exit points. Look at upcoming earnings & dividend dates as well as stock/market news. +* Consider staggering strikes and expirations for safety and diversity; it’s nice to avoid assignment on 3 puts at once because you used the same strike for all 3. +* Incrementally enter positions on large rises/falls. One of my favorite strategies is to buy dips after over reactions. By doing this slowly in large price "steps" it helps combat FOMO and helps you avoid getting slaughtered. + * This will also help you avoid "chasing a falling knife". It also ties into having a plan. + * I set alerts at several predetermined prices and I REALLY try not to enter new trades unless I hit my preset points. It makes me less emotional and usually more effective. +* Don't buy far expiration options with poor liquidity for shorter term plays. I bought 1x GME 1-year+ LEAPS call before the 2021 short squeeze. That was stupid, I should've bought 2-3x 60-120 day calls to have better liquidity. I also paper-handed it and missed out on my lambo. +* If selling options, consider rolling (for a credit) to avoid assignment when it makes sense / meets your plan. Rolling closer to expiration can be a valid strategy to get theta on your side. On the flip side, if the stock moons or plummets it could've been better to roll before it got crazy deep ITM. See rolling “rules” above. +* Covered Calls: + * If a stock has a large movement range, I think it can be worthwhile to wait to open a CC after the last one is closed/expires. I have been more successful waiting for another opportunity vs. opening one immediately on the Monday after the second the last one expires. + * Consider selling covered calls at all time highs/peaks. If you sell a CC and the stock dips significantly, and you think it’s temporary, you can buy to close your CC for a quick profit, then reopen it later. + * If you own Meme stocks, selling covered calls runs the risk of missing out on large gains. On these stocks I typically only sell them further OTM than I normally would or not at all. If I do sell CC on a Meme stock I try to ensure I have 25-100 other shares that won’t be called away. +* Dead cat bounce. + * After a huge price drop sometimes a stock will pop or partially recover temporarily. + * It could be a reversal or a false flag. Be aware of this so you can react accordingly. + * [https://www.investopedia.com/articles/00/101700.asp](https://www.investopedia.com/articles/00/101700.asp) +* Finding stocks: + * u/swaggymedia publishes great lists of stocks at various price points with high and low IVs. See r/SwaggyStocks, the new subreddit. + * Here are a few examples: + * [https://www.reddit.com/r/thetagang/comments/kx6oh6/iv\_report\_high\_iv\_tickers\_with\_share\_price\_under/](https://www.reddit.com/r/thetagang/comments/kx6oh6/iv_report_high_iv_tickers_with_share_price_under/) + * [https://www.reddit.com/r/options/comments/l3yzo0/weekend\_iv\_report\_tickers\_with\_low\_iv\_and\_cheaper/](https://www.reddit.com/r/options/comments/l3yzo0/weekend_iv_report_tickers_with_low_iv_and_cheaper/) + * [https://www.reddit.com/r/thetagang/comments/l3yxn5/weekend\_iv\_report\_stocks\_with\_high\_iv\_and\_more/](https://www.reddit.com/r/thetagang/comments/l3yxn5/weekend_iv_report_stocks_with_high_iv_and_more/) + * [https://www.reddit.com/r/thetagang/comments/kz5soi/iv\_report\_stocks\_with\_high\_iv\_and\_more\_expensive/](https://www.reddit.com/r/thetagang/comments/kz5soi/iv_report_stocks_with_high_iv_and_more_expensive/) + * I recommend building a large roster of stocks you want to trade with and check it at least daily. My “wheel candidate” list is 26 “solid” stocks plus 20-25 I’m lukewarm about. I want it to be at 100-200. + * With a large stock candidate list it makes it easy to find targets to buy dips on and exploit opportunities. I like selling puts at dips with some downside protection. +* Below is another reddit user's more aggressive theta gang variant. I think this has merits, I'm trying it myself with a few stocks. + +[https://www.reddit.com/r/thetagang/comments/lgt314/55k\_to\_475k\_in\_4\_months\_using\_theta\_wsb\_techniques/](https://www.reddit.com/r/thetagang/comments/lgt314/55k_to_475k_in_4_months_using_theta_wsb_techniques/) + +* Buying calls or puts with more DTE than you need is a very smart strategy IMO. + * Buying extra time becomes progressively cheaper after \~1 month and keeps theta from hurting you as much. See LEAPS later. + * I started off buying 30-45 DTE calls, then moved to 45-60 DTE. + * Now I am tinkering with only buying calls/puts that have 90-120+ DTE (monthlies). I plan to close these with at least 30-45 DTE left since theta starts to really depreciate your contracts at 45 days, especially at 30 days. If I’m playing an event or a specific date, I ensure I have at least 30 days past that with whatever I purchase. + * Buying longer dated contracts, while more capital “efficient”, is more costly. I couldn’t do this when I had a small account. There is also more downside risk; since the contract is more valuable, you can lose more. I try to only have 1-3 calls open at a time in one stock so if I’m wrong I don’t get destroyed. + +&#x200B; + +**Disclaimer:** + +I’m not a financial advisor, I’m not an engineer. I’m not telling you to invest in a specific stock/option or even use a specific strategy. I’ve outlined and more extensively elaborated on what I personally like. You should test several strategies and find what works best for you. + +I'm just a guy who trades (mainly options) part-time for financial gain and fun. I don't claim to be some investing savant. +Hello all, + +I just tried to change my address and job title on my car insurance (1st Central) as I have just moved and started a new job and was quoted over £130 for changing this. Is that a normal amount? I will likely be moving again within the next few months and would like to avoid having to pay the whole fee again. Is there anything I can do to lower the amount? My new address is literally 2 minutes up the road so I'd imagine it won't change crime rates etc too much... +I’m a little bit confused about how reinvesting dividends within your TFSA works. I understand that reinvesting dividends does not count toward your contribution limit but I’m a little confused on how that works exactly. If I’m paid $100 in dividends inside my TFSA can I immediately use that money to buy more dividend stocks inside my TFSA without over contributing? Or would I have to wait until the end of the year, withdraw those dividends, and then reinvest the dividends in the new year? Sorry if its a dumb question. I turn 19 soon and am excited to start investing and can’t seem to find any explanation on how exactly this works anywhere. +I have a reached point in economics where i questioned what i learnt about supply ,as in the basics,im pretty sure in the start i dint think any different and took it as it is but i should have questioned it, for example why do we describe a movement right in the supply curve as a increase in supply , quantitatively speaking i dont see it , all i see is that the same quantities are just being offered at a lower price or the same prices have higher quantities ,the latter sort of makes sense and supports the statement "supply curve shifting right means increase in supply " .Could someone please clear this up for me , i know it may sound like a pathetic question .If people am not sure what im asking please tell in comments. +Capitalism, or whatever contemporary economy is, was justified to me as requiring people to learn an extreme amount to be comfortably beyond alot of competition. And for people not wanting to hyperspecialize, requiring maybe an even more extreme learning, from an encyclopedic learning. + +Does capitalism produce extreme knowledge workers? Adding an economic requirement to other motivating reasons to extremely learn? Or is this not only capitalistic and I've been dooped? +I'm having trouble understanding where new currency comes from when value is created in an economy, and how it enters circulation. + +I'm thinking of a hypothetical closed economy with say 10 people. Each person produces 10x of goods/services of value $10. They all exchange. Let's say one decides to innovate, and produces 10x goods of value $20. How can they sell their goods without others going into debt? The only way I see is if the others increase their money supply, but this feels wrong - how can they increase their money supply without having produced something commensurate with that increase? + +What seems to follow is that if one person adds value, everyone else has to add value by a similar amount to prevent from going into debt. This doesn't sound right. And even if it's correct, how does the new money enter the circulation? + +I understand this is an incredibly rudimentary question, but maybe so rudimentary it isn't articulated, so I've kinda missed it. +When I was in high school (half a life removed now), I competed with my classmates in the Federal Reserve Challenge, which was a competition of student teams flexing their ability to quote jargon under the guise of knowledge. + +Anyway, at the end of each team's presentation the judge panel asked questions. One of them had stuck with me all these years. "Is there an acceptable level of inflation? If so, why?" + +Our team's response was terrible. But I kept thinking about it. I'd like to hear this group's thoughts before I share my own. +Is it consumers, employees, shareholders/owners, or some other group? + +It seems that there are plenty of conflicting studies, and studies often have agendas. + +Of course different companies and industries handle corporate tax changes differently, but what does it look like from a macro level? + +Another way of asking this could be "If the corporate tax rate is lowered/raised who will benefit/weaken the most at the aggregate?" + +Intuition tells me that shareholders have the most immediate benefit from a cut, but in the long run consumers and workers have more headroom for gains as the market adjusts to competitive forces. + +**assuming all other taxes remain the same. + + +I finished high school level Economics and learned about benefits and drawbacks of privatization. I was impressed about the pros (I learnt plenty examples on this), but I was not persuaded about the cons. + +Can you give any real life examples of drawbacks of privatization and, if possible, what have the policymakers done so far to limit them? +As of right now we have been experiencing economic growth for 98 months. The longest ever economic growth period since the great depression was 120 months from 1991 to 2001 with the average being 59 months. Recent stock growth over the past year has been over double the yearly ten year average. Just looking at the cycles I would think that a market crash is impending. Why do is there not much concern about a bubble? +Recently I was at the pump and was wondering what could be causing the boost in gas prices, and then I wondered what the impacts would be if they were regulated similar to energy prices. + +Gas, like energy, is demand inelastic. Regardless of the price (within reason), people still have to drive. This means that most of the price instability for gas exists on the supply side, not the demand side. This is similar to energy. + +I’m a big supporter of free markets and I think that for the most part prices will work themselves out. However, when a good like gas exists where a) there are few suppliers; b) demand is inelastic; c) demand is high nationwide; and d) there are few substitutes, what are the impacts of regulations to ensure consumers are getting reliable access to the good at reasonable prices? +I posted in this subreddit a few months ago. Since I'm positing on my iPhone it'll be hard for me to link to it at the moment of posting, so I'll try to link the thread at a later time. + +I recently graduated from a university with a degree in Public Administration and am currently working in a state legislature where I draft bills and conduct research. This work requires strong analytical skills. + +Since the beginning of my junior year of College I became increasingly interested in economics, because many of the books on politics that I read in my free time dealed heavily with political economy. Since then I have been reading a lot of economic literature. While still in college I wrote on economic topics within public administration, and at many times I quoted economists in my papers. + +I plan on going to a graduate school after working in the state legislature for 2 years, however unlike most people in the legislature who would rather go to law school, I'd like to go back for a post bachelorette degree in Econ although I have no formal schooling in the topic. + +I have two questions: + +1). Would it make sense for me to take community college Econ. Classes while in my 2 year hiatus from school to prep myself for graduate school? + +2). Is getting simply a masters in Econ be sufficient to work in the public sector, or would a Ph.D overall be a better investment. + +Given my government background I would ultimately want a career in public economics (Fed. Reserve, Congresional Budget Office, State & Federal Econ development & fiscal offices, non-profits, even world organizations such as IMF, World bank, U.N.) + +I should also mention that while working at the legislature I will definitely be working within the field of fiscal policy, so that may help as well. +So.. i've recently graduated (a degree in pure economics) and keep seeing economist roles in a range of firms from visa the UK arts council. + + +I would assume theres a good bit of statistical modelling in the job role, but that was a tiny part of my undergraduate degree and i certainly couldn't perform reliable regressions in a professional format outside of basic cross sectional, time series or logistic regression analysis. I guess the real question here is what does an economist do that an economist in academia doesn't and how can these skills be achieved? +[Here is the website](https://whistlinginthewind.org/2013/12/31/where-does-the-price-come-from/). + +The overall summary is that the supply-demand model is only true for a small portion of markets, but the vast majority of markets have very "sticky" prices where prices don't change in response to a change in demand but quantity produced/sold does. And prices themselves just come from businesses adding a markup to their costs, not necessarily trying to meet demand. + +The blog ends off by saying: + +"So prices are not as simple as supply and demand and once again Neo-Classical theory has been found to be in conflict with the real world. Instead, Post-Keynesians seem to be closest to the mark in their explanation of prices. This should cause a significant rethinking of the free market, away from viewing it as natural and self-adjusting. Instead it can be as rigid as the government it is often held in contrast to. An examination of how prices in the real world operate will contribute to helping to understand market inefficiencies and how to correct them. Prices do not come from an invisible hand or the wisdom of the market but are administered and fixed." + +So how true is this idea? Is the blog for the most part correct or does it have many inaccuracies? +Capitalism, or whatever contemporary economy is, was justified to me as requiring people to learn an extreme amount to be comfortably beyond alot of competition. And for people not wanting to hyperspecialize, requiring maybe an even more extreme learning, from an encyclopedic learning. + +Does capitalism produce extreme knowledge workers? Adding an economic requirement to other motivating reasons to extremely learn? Or is this not only capitalistic and I've been dooped? +He stuck to his budget, don’t get me wrong, but he got practically nothing with it. Spent $70 on ONE pair of sweatpants. SWEATPANTS!! Ridiculous. I get teens and brand names, and I suppose I should be thankful he didn’t buy a pair of Nike’s with my credit card and stayed in budget, but still…. At least he’s not growing as fast as his sister is at this point. He didn’t need much, and he got the things I told him were non negotiable. Socks, underwear, a swimsuit for an upcoming trip with his stepfather. I was hoping he’d get a few pairs of jeans and tshirts too, but nope. I hope he likes his sweatpants. They’re the only pair of pants he’s getting for a while. At least with my money. He can use HIS money if he needs something later. + +EDIT: Okay, so clearly I need to increase the clothing budget to account for things like this if I don’t want to harm the kids in any way. Does anyone have tips on how I can go about doing that? Kids are eating 3 squares and snacks but I’ve been eating 1 meal and snacks for a long while now. I am unwilling to lower quality of food for quality of clothes for them anyway. I do have an emergency fund, but I would be reluctant going into that for this. Just doesn’t seem to be what an emergency fund should be for. I thought it would be okay to tell him I didn’t have more in my budget if he asked for more later. Seemed to be the simple solution, but I don’t want to do harm. Would dipping into that be preferable? +He goes by u/vbuterin. I spent the last couple of hours going through his post history and holy shit it is a goldmine filled with a lot of interesting stuff. There’s even posts all the way back from the early Bitcoin days. I would’ve never imagined I’d be reading a billionaires hilarious [quality shitposts](https://www.np.reddit.com/r/Bitcoin/comments/1ge9o9/bitcoin_nigerian_prince_scams_no_longer_make_any/?utm_source=share&amp;utm_medium=ios_app&amp;utm_name=iossmf) from over 8 years ago. Reddit is pretty awesome that way. + +I also highly recommend his blog [vitalik.ca](https://vitalik.ca), there’s some pretty cool stuff on there too, even though a lot of it goes over my head (am a smoothbrain). One of the recent articles really spoke to me- “[The Most Important Scarce Resource is Legitimacy](https://vitalik.ca/general/2021/03/23/legitimacy.html)”- something I feel the larger crypto community really needs to hear and understand right now. + +Anyways I saw his profile mentioned on a another post and it really took me by surprise and just wanted to share it as I found it super cool. It’s pretty amazing to see him so engaged with the community. Makes me smile as a ETH fan and hodler. Thanks u/vbuterin for everything you’ve given us and for helping decentralize the world. +Learn that phrase. It’s so simple yet it will save you so much money. I had a contractor give me a $375 bid today. It was a little higher than expected but I was willing to pay it. I used this phrase and the next thing he said was “what number did you have in mind?” I replied “I was hoping to get a little closer to $300.” He told me he would take a look at it and see what he could do. + +He came and looked at the job I needed done and lo and behold his bid was at $300. This one little phrase will save you thousands over the span of your career. You just have to be willing to use it. + +Side note: Another phrase I use regularly when asking for a bid is “Go easy on me. I’m on a shoe string budget!” +So if we assume that the wealth is very concentrated (which it effectively is when the top 10% own 73% of the wealth, etc.) then the majority of wealth in circulation is from loans from this initial wealth. + +However, when the banks loan out the money they do so at interest (as they have to, otherwise there would be no incentive to loan it at all), but how can there ever be enough money in circulation to repay all of the interest if all the money in circulation is also from loans and so is also amounting interest itself? +So if we assume that the wealth is very concentrated (which it effectively is when the top 10% own 73% of the wealth, etc.) then the majority of wealth in circulation is from loans from this initial wealth. + +However, when the banks loan out the money they do so at interest (as they have to, otherwise there would be no incentive to loan it at all), but how can there ever be enough money in circulation to repay all of the interest if all the money in circulation is also from loans and so is also amounting interest itself? +Looking for some advice. + +I recently sold an item on eBay. I posted the item using a regular first class stamp. + +The buyer opened a case saying they never received it. As I never sent it as tracked I was unable to check if this was the case. + +I eventually gave the buyer a full refund. + +Fast forward a week, the buyer has listed the item for sale on their eBay profile for a considerably higher price and additional postage as they're probably going to send it using a tracked service. + +If I raise this with eBay I think they'll ask for proof that the item they are selling was what I sold but I know it is. + +I've contacted the buyer asking if they ever received it but didn't let them know I've seen that they have listed it themselves. No response. + +What would you do? + + + +Update. +Thank you for the feedback. So I managed to get the item back. I won't elaborate how. Let's just say eBay favour buyers. + +Winner winner chicken dinner. +**Q1 Earnings Call - June 1st, 5pm EDT** + +**Shareholders Meeting - June 2nd, 11am EDT** + +*For more info go to* [https://news.gamestop.com/](https://news.gamestop.com/) + +[GameStop Wallet Support](https://support.blockchain.gamestop.com/hc/en-us/sections/4412111751955-Getting-Started) + +# 🗳 [Voting/Shareholder Meeting Megathread](https://www.reddit.com/r/Superstonk/comments/uddedr) + +>How to vote, how to attend (if you've registered to), and general discussion + +# 🟣 [Computershare Megathread ](https://www.reddit.com/r/Superstonk/comments/ugnqsg/drscomputershare_megathread_052022/) + +>Wondering what DRS is? Want to know how and why people are Direct Registering their shares? Here you'll find our guide and additional resources, as well as a welcoming community answering questions in the comments! + +**Read** [**Superstonk's Rules & Wiki**](https://www.reddit.com/r/Superstonk/wiki/index) **||** **Join our** [**Discord**](https://discord.gg/Superstonk) + +**​**[**What's GME & should I consider investing?**](https://www.reddit.com/r/Superstonk/comments/qig65g/welcome_rall_looking_to_catch_up_on_the_gme_saga/) **||** [**FAQ**](https://www.reddit.com/r/Superstonk/wiki/index/faq) **||** [**GME.fyi**](https://fliphtml5.com/bookcase/kosyg) + +Low karma? Want to feed DRSbot? [Post on r/GMEOrphans](https://www.reddit.com/r/GMEOrphans/comments/qlvour/welcome_to_gmeorphans_read_this_post/) + +How to [Filter by Flair & Search](https://www.reddit.com/r/Superstonk/comments/v0oxp2/how_to_filter_by_flair_search_for_posts_on/) on Superstonk + +Tag u/Superstonk-Flairy for help with user flairs +> +Disclaimer: this is a purely healthcare analysis of the company and their products. This may in no way correlate to actual market changes in the stock being discussed. This is a discussion meant for those who intend to hold longer positions in the company being discussed. I will not be focusing on the fundamentals, technicals, or anything along those lines. I'm nowhere near experienced enough to do so and that isn't really the focus of the post. +> +I’m also going to get into the habit of posting my position as a full disclaimer. I have no position in CTRX for the reasons I will mention below. I don’t intend to open up a position either, I believe the foundation of this company is very shaky and the marketability of their products will extremely weak. + +**Before messaging me or asking me to look into XYZ, realize that if you are asking for speculation of whether a product will succeed, my answer will always be the same: waiting for the FDA decision is akin to gambling, and the odds are likely not in your favor.** + +Previous Posts: [FDA Guide](https://www.reddit.com/r/pennystocks/comments/lh9nkh/a_look_at_the_fda_approval_process_and_how_it/) | [XSPA]( https://www.reddit.com/r/pennystocks/comments/lkuwki/medical_analysis_xpresspa_group_inc_xspa/) | [AGTC]( https://www.reddit.com/r/pennystocks/comments/lk2b0g/medical_analysis_applied_genetics_technologies/) | [ATOS] (https://www.reddit.com/r/pennystocks/comments/lhyk75/medical_analysis_atossa_therapeutics_atos/) | [ACRX](https://www.reddit.com/r/pennystocks/comments/lln5bb/medical_analysis_acelrx_acrx/) + +I’ve been meaning to do this one for a long time, almost two weeks now since the original thread popped up on the subreddit. I've seen a lot of confirmation bias and people assuming the large volume of threads means that this is more and more of a sure-thing. I’m going to be going fairly in-depth here and I expect that this may be a decently long post. The things I will be saying will not only be my opinion, but that of other doctors as well. In one of the original threads, the top chain of comments is all doctors and they mention some of the same exact stuff that I will, so you can take a look at that [here] (https://www.reddit.com/r/pennystocks/comments/lm8ecq/ctxr_citius_pharma_swot_analysis_for_minolok/), if you so desire. + +All right let’s get started with the absolute basics. Citius Pharma (CTXR) is developing three products right now. They have their Mino-Lok, Halo-Lido, and Mino-Wrap. To begin, Mino-Wrap is in the preclinical stage so there’s really no information on it yet. Unlikely that it will be used but that product is so far away, it’s not even worth discussing. Halo-Lido is a hemorrhoid treatment which looks to be in either late phase 2 or awaiting approval for phase 3. Lastly, Mino-Lok is the big one which is currently in phase 3 trials and is their biggest selling point. + +**Halo-Lido**: let’s start with the simple one, Halo-Lido. This is the first prescription hemorrhoid treatment available on the market. They have published their phase 2 data but the data wasn’t good enough to show any statistical significance. If you read my earlier FDA Drug Approval guide, you’ll know that without statistical significance, your drug is useless. So what exactly is this? It’s a topical agent that combines Halobetasol and Lidocaine for treatment of hemorrhoids. They are very excited because they are combining a steroid with lidocaine for maximal effect. However, this combination is not unique and other over the counter treatments already have that combination. + +So why would anyone be prescribing something that can be easily accessed over the counter? They wouldn’t be unless they were a family practice doctor in private practice fielding Citius Pharma drug representatives. This product will have no superiority over other, more easily accessible and cost effective alternatives. Being prescription just means that the barrier to getting it as well as the barrier to paying for it are higher. I would also add that many patients will try the over the counter stuff before going to even see their doctor. Chances are, they will be sufficiently treated and will, therefore, have no reason to see a doctor for it. + +So I don’t really see this drug being prescribed by anyone on a regular basis. Hemorrhoids are common, but the treatment is simple and there’s no reason to complicate it with a prescription medication. I also don’t see their phase 2 data being very compelling. They don’t really show any increased efficacy over the over-the-counter ointments, so in essence they add nothing to the current market. I would not be surprised to see the FDA reject this drug outright after their phase 2 results. + +**Mino-Lok**: oh boy, this is the big one. I’ll start by explaining what they are treating. When a patient needs long term IV antibiotics, high-volume resuscitation, dialysis, or other criteria, we will often put in what is called a central venous catheter (CVC). This is usually inserted into the neck but it can be inserted in other large veins. Rarely, these catheters can get infected and colonized with bacteria. What this means is that IV antibiotics will be unable to kill the microbes because they will have formed what is called a biofilm (a protective barrier). The current standard of care in this case is to simply remove the catheter and put a new one in. that way, there is no colonization and you can treat as you usually would. + +Mino-Lok is a device that is called an antibiotic lock. In essence, you are putting it onto an existing catheter in an effort to salvage the line. The idea is that this little device can go onto the catheter, kill the bacteria, and save you from having to place a new one. + +Now CTXR makes some bold claims about the current state of affairs. I’m going to share some of them with you. My point is two-fold: one is to obviously refute their numbers, but second, to show you that pharmaceutical companies **do this all the time** and use data to show what they want. Always, always, find another source for the data than the one the parroted by the company. + +**18% complication rate when CVC were replaced**: this claim comes from one of their early studies and compared the Mino-Lok formulation to controls that were historical--meaning that they cherry picked cases. Complications were shown in their study to have **no statistical significance** when compared to historical information. AKA, even with cherry-picked data, they were unable to show that regular insertion of CVC has any complications when compared to their product. Their website conveniently leaves off any statistical indicators, but in the study you can clearly see their p-value is too high (meaning they proved nothing). I also want to add that newer studies find complication rates of CVC placement to be incredibly low. The difference between newer studies and the older, cherry-picked examples is that the new standard of care is ultrasound-guided placement. Nowadays, it is standard to use ultrasound to see where you’re going, so the risk of complications is dramatically lower. + +**100% efficacy rate**: in that same study referenced above, they also tout a 100% efficacy rate. This is interesting because when compared to controls (previous CVC infections), there is also a 100% success rate (they once again failed to prove statistical significance). They failed to prove fever resolution or bacterial eradication happened faster or more reliably with their product. And if they can’t do that, what use is there for this product? + +**Billing**: now let’s get into some of the real world issues with this product. Every employee of every company ever is there to generate revenue for the company. Doctors are no exception. Currently, replacing a CVC is a billable procedure. What this means is revenue for the hospital. This is how doctors earn their salary and keep their jobs—by billing for services performed in the hospital. Using this product means the hospital buys it from Citius Pharma and someone applies it to the CVC. There is no billable procedure here. So in the real world, doctors will replace the CVC because it earns them money and helps them keep their jobs. + +**Medicare issue:** here is the actual biggest problem in the usage of this device. Medicare payouts are extremely important for hospital revenue. Even private insurers use Medicare payout to determine their own rates. Medicare sets the standard, and the rules. One of the newer programs that they have implemented is a way to increase overall healthcare qualities in hospitals nationwide. They use multiple measures to determine the performance of a hospital from a patient safety standpoint. One of those measures is, you guessed it, central line-associated bloodstream infection (CLABSI). So what does this mean for the real world? If you get too many of these, Medicare will literally pay you less for every single thing you do, regardless of whether or not it is related. + +**$1,400 vs $40,000**: they make this ludicrous claim that the current standard of care of replacing the catheter costs $40,000. If you look into where this number came from, you’ll see that this is a compounding of the entire associated infection. This means that in this $40,000, they are including length of hospital stay because they have an infection, length of time in ICU, cost of antibiotics, etc. If you’ll remember from above, I pointed out they have not shown any difference in length of stay or any hospital measures. Also, using their product doesn’t save you the cost of antibiotics, so that would actually be the same for both. What I’m trying to say is that they are comparing their $1,400 product to the $29 CVC, the hospital expenses, antibiotic treatment, and everything else. Hardly a fair comparison, wouldn’t you say? + +**Fungal infections**: the most terrifying form of CVC infections is fungal infections and they aren’t even testing their product for fungal (hint: it’s because it couldn’t kill fungi). The rate of fungal CVC infections is rising and the mortality is significantly higher for fungal than bacterial. In the current standard of care, removing the catheter and putting a new one in deals with both fungal and bacterial. In this case, using the Mino-Lok and waiting days to see if it is working runs the risk that you are having an untreated fungal infection for a lot longer. This is a huge issue in usability, especially in high-risk ICU settings. + +**Tried and True**: so doctors get a lot of flak for not picking up on new trends fast enough or continuing to use their old way of doing things. A lot of that is well deserved, but there’s also a reason for it. Often times, patients with a CVC are the sickest in the hospital. We usually don’t want to risk someone’s life trying something new when we 100% know the old method works. There’s absolutely no way they can have a colony if you take the whole catheter out. There will always be a risk when using the Mino-Lok that it didn’t get the whole colony. Do you see the issue here? No one is going to gamble on the sickest patients that hopefully the Mino-Lok got it all. And yes, even if their phase 3 shows 100% efficacy, we’re still not going to trust such a small study in the grand scheme of things. + +**This already exists**: none of this is novel in any meaningful way. Mino-Lok took ingredients made in current antibiotic locks and put them all together and called it a new product. If for some reason we really thought this would work, we would just do it with the generics and mix them all together. Why are we paying $1,400 when we could do the entire antibiotic lock for <$100. + + +So in summary, as far as the Mino-Lok goes, so far it: + +1. has not proven it works better than our current methodology +2. will not be used by hospitals because they need to make money +3. will not be used by doctors because we won’t trust it, and also need to make money + +>Suffice to say, I’m very skeptical of this product and I think there are going to be a lot of bag-holders. I have seen so many threads pop up and frankly, it is because people are unaware of the reality of how CLABSI work. I see price targets that are absolutely insane based on the worldwide cost of replacing central lines using ludicrous numbers. The point of this is to encourage people to be more vigilant about investing in biotech. There is clearly money to be made, but it is important to understand the risks and realities. CTXR has many risks and the reality is that this may not be a long-term winner simply because the product "makes sense." + + +[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!* +Investors pulled $16.2 billion from stocks in the past week, and added $11.3 billion into bonds and $53.5 billion into cash. + +BoFA said 9 of 10 clients believed the current market recover was a “bear market rally” and 7 out of 10 said they would only buy the assets that the U.S. Federal Reserve purchases through it various stimulus schemes. + +[https://www.reuters.com/article/us-global-markets-flows-bofa/investors-exit-stocks-at-fastest-rate-since-march-tech-fatigue-sets-in-bofa-idUSKBN22K163](https://www.reuters.com/article/us-global-markets-flows-bofa/investors-exit-stocks-at-fastest-rate-since-march-tech-fatigue-sets-in-bofa-idUSKBN22K163) +Hey everyone im 18 and in the military seeking advice. Currently have around 10k saved with another 10k bonus coming in. I'd like to know what to do to help fight inflation. I want to be able to take my money out within 4 years by the time im out. +With all this FUD I sometimes forget. I doubt a little. + +Been looking at Steemit for example. Maybe buy some Steem? + +So I spend some hours looking around, thinking, researching, comparing etc. + +I just cant do it. ETH is just to valuable to me. There isnt anything like it, not even close. Its crypto 2.0 + +My crypto holdings are 99%+ ETH. Rest is mostly BTC for practical purposes. + +Aint selling my ETH. Period. +It’s usually not this good...breaking ATH everyday. There will be a time that it drops 10-15% but I’m here to tell you that it’s not a big deal. It will come back stronger....I’ve seen it LOTS of times now. Don’t listen to the people saying to sell everything and it’s crashing. Have faith. ETH has lots of life left and it’s perfectly NORMAL to have a correction that’s 10, 15, even 20% +Title says it all really. + +I can see a 10x return being realistic eventually and that’s good enough for me. And I just love the technology and ethos so I’d be happy anyway. + +But sometimes late at night I can’t help think of the 100x or 1000x returns some early adopters got and feel a bit sad and jealous. +Correct me if I'm wrong, but as I recall from another post I saw that there were 4457 puts at $200 today. Maybe that is why they fought so hard to drive it under $200. But they failed as we closed over $200 so these 4457 puts expired worthless today, and it cost them big money that they just flushed down the toilet!🦍🦍🦍🚀🚀🚀 +I saw the pension age of 67, and i thought isn’t it cruel to expect people to still work past 60.. and then i read there’s a plan to gradually increase this to 75.. it’s just sad to imagine you pay 30yrs and then you die without getting to enjoy the golden years when one is already supposed to be retired and chilling after maybe 55.. is it the government’s failure? Is there any country successful in managing the pension fund that they dont need to increase the pension age? + +I know that your nic is meant to fund current pension, not a contribution to your own pension, but in some ways, still quite painful to pay 30 years and not getting much in return.. shouldnt it be illegal to increase the age to 75.. my goodness.. :s +We were stuck in a limbo for months of zero volume and 3 monthly cycles of price boost. Now since we double topped $250 they have managed to crash it to $130 on no news and positive earnings. + +My question is how? More naked shorts? Any ideas or theories? +I saw a threat today about [Landing a corporate Board Position](https://www.reddit.com/r/fatFIRE/comments/bkpl4b/landing_a_corporate_board_position/) and have a question related (and didn't want to hijack the thread): + + +I've recently been approached with an opportunity to take on a board position of a $25-45 Million Revenue Company in Europe. The company has the opportunity for significant growth and my experience is spot on. + +Does anyone have experience in what to ask for/look for in terms of compensation, contractual obligations, and committment? Is liability anything I should be concerned about (European Company, I live in the US) and how is this mitigated? I have expressed interest and the ball is in their court. +Any advice what to keep an eye on? and what to negotiate for? +My husband and I have grown our donor advised fund to over $750k, and I’d like to start thinking about how to get this down to zero since there are organizations out there that need this money. + +Prior to being in this fortunate position, we used to make $1-5k gifts to many organizations. But now that we have these funds, I like the idea of gifting larger amounts - less organizations to identify and it has an enormous impact. But quite frankly (don’t judge me too harshly, I’m only human), I also prefer it because I find it more personally rewarding and exciting, and the response/appreciation is fun to see. + +I’m curious for this community’s thoughts: how would you split up $750k? A single gift or multiple gifts (e.g. three quarter million gifts, 30 $25k gifts, etc)? + +Would also love to hear your experiences with being “major gift” donors. +Just wondering whether anyone maintains a list of ESG Listed ETFs available on the TSX. + +If there isn't a running list somewhere what is the best way to find them all? + +Note: I'm aware of the pros and cons of ESG ETFs, a lot of conversations on here seem to get side tracked because of this so I'm going to politely request we try to stay on topic. +I have a holding that is up nearly 50% and my better judgement is telling me to sell off my initial investment and keep the rest in. This judgement is accompanied with the thought that I should make a rule for selling if a holding reaches a certain percentage gain and stick to that no matter what. + +I am wondering what other people's programs are for this type of thing. Do you have a certain percentage gain that you sell at? How do you determine that percentage and what is it? + +Thanks in advance. + +EDIT: The holding in question is ETHX.B +There are some red flags that people should consider before voting for slock.it's proposal. + + +-Slock.it want to rush their proposal ( no reason given) + +-Slock.it refuse to be transparent about their spending ( no reason given) + +-Slock.it community manager is misleading DAO token holders and spamming everywhere how slock.it is amazing. + +-Slock.it does not describe its project accurately and uses fancy words like the universal sharing network to influence people's decision ( which is just an app that list EC enabled device) see https://np.reddit.com/r/TheDao/comments/4jsrgw/is_the_universal_sharing_network_just_a_dream/ + +-Slock.it have ignored many important questions on this forum as well as TheDao's official forum. https://forum.daohub.org/t/slock-it-proposal-1-discussion-thread/539 + +If a proposal with so many red flags get to receive millions from the dao this sets a really bad precedent for future proposals and theDao's reputation as a whole. + +Some people here think it's ok to give them whatever millions because they build thedao, i strongly disagree with that kind of reasonning.. We should be as selective with slock.it's proposal as any other proposal. TheDao is a very new concept and the first decisions will ultimately be the most important ones. + +https://www.bloomberg.com/news/articles/2019-08-08/u-s-rushes-to-ready-new-china-tariffs-as-companies-fret-damage?srnd=premium + +> The Trump administration is rushing to finalize a list of $300 billion in Chinese imports it plans to hit with tariffs in a few weeks’ time, as U.S. companies make a last-ditch appeal to be spared from the latest round of duties. + +> President Donald Trump’s announcement last week on adding a 10% tariff as of Sept. 1 to virtually every Chinese import that’s not yet subject to punitive duties took U.S. Trade Representative Robert Lighthizer by surprise, people familiar with the discussions said. Lighthizer and his staff are now under pressure to revise an initial list targeting more than 3,800 Chinese product lines based on issues raised during a public comment period and hearings. + +> The USTR is planning to publish the final list this week or early next, the people said. In that meantime, companies are making a last-ditch attempt at convincing the Trump administration not to impose duties or to drop items they import from the tariff list. + +> In a meeting shortly before the president announced the new duties, Lighthizer argued against the new tariffs. He instead urged patience to allow more time for a tariff increase in June to 25% from 10% on an earlier batch of $200 billion worth of Chinese imports to inflict pain on the Chinese economy, the people said. + +> A USTR spokesman disputed that account, and said the agency was following the same legal process as it had in previous tariff rounds. Trump decides when the tariffs will go into effect and USTR will publish the final list before the effective date, the spokesman said. + +> “Companies don’t plan by tweet,” Jon Gold, of the National Retail Federation, said. “These are all contracts that are already executed and cargo is on the water.” + +> After Trump and his Chinese counterpart Xi Jinping agreed on yet another tariff truce in late June, businesses didn’t expect another escalation this soon and felt like they had more time to plan, Gold added. Companies and trade associations are still trying to weigh in with the administration to make their case and potentially get their products taken off the list. + +> White House economic adviser Larry Kudlow this week signaled the tariffs could be called off before Sept. 1 if Beijing shows goodwill on buying American agriculture goods and getting back to the negotiating table. + +> “The president and our team is planning for a Chinese visit in September,” Kudlow said Tuesday on CNBC. “Movement toward a good deal would be very positive and might change the tariff situation. But then again, it might not.” + +> It’s not clear if businesses are able to submit requests for product exclusions once the duties are imposed. For previous lists, such an option was only available once the tariff rate was bumped up to 25%. It’s also not clear whether the Sept. 1 date applies to the date when the item arrives in the U.S. or when it leaves China -- a critical question for importers because of the amount of product that is already on the water traveling to America. + +> Of the almost 13,750 exclusion requests submitted for the initial tariffs imposed last year on $50 billion in goods, only 23% have been approved as of Aug. 2. About 60% were rejected and the rest are still being revised, government data show. Companies can file for exclusions in the last round of tariffs on $200 billion of products until Sept. 30. +Celsius onchain activity has seen a lot of big moves in the last few hours. + +They closed down their maker vault by replaying the loan and retaken their 22k BTC from there And now have consolidated the 22k BTC into an intermediary wallet, and this is moving to FTX. + +&#x200B; + +[DAI loan closed](https://preview.redd.it/orxfnagob5a91.jpg?width=1412&format=pjpg&auto=webp&s=40b790b7b912b73f2636954245918416f10dc095) + +[Funds moved to main wallet](https://preview.redd.it/zmpii0csb5a91.jpg?width=1438&format=pjpg&auto=webp&s=c25df2b677636e4fde4c2c3c7329fef26fa01e91) + +It doesnt look like they have an OTC deal in place, so they are instead moving all of that to their FTX deposit wallet + +&#x200B; + +[500m worth BTC about to hit markets](https://preview.redd.it/ddzhvwyzb5a91.jpg?width=1396&format=pjpg&auto=webp&s=38e3bfa801973700f88c67b6401bcb9adb9eb888) + +[Test transaction...](https://preview.redd.it/wyk6s7m3c5a91.jpg?width=1420&format=pjpg&auto=webp&s=52d0d111254b5d00a7286b360a8b9dcdd8936f76) + +After fucking up so epicly in the last 2 months, its atleast encouraging to see them do a test transaction of 0.01 BTC.. + +It looks like a big liquidation is underway in Celsius and they may also be declaring bankruptcy and announcing insolvency proceedings soon + +DeFiyst has been tracking every move! + +**Update: the $500m BTC is still in Celsius' main wallet here and hasnt yet been moved to FTX:** https://etherscan.io/address/0x019C4935ff1c4945f046c6784c08a40f1ab632a3 + +They haven't yet moved this stack of 24.4k BTC to the FTX wallet. Since they moved the test 0.001 BTC, its speculated that they may move this too shortly. + +If you check the wallet's erc20 txn tab, you can see that they have moved a lot of their tokens like ZRX, BNT, Comp etc to their main FTX wallet, probably to sell it. + +Now the wallet mainly has 24,400 wBTC ($511,000,000) + some Comp worth 50k + +**Update 2:** + +The wBTC just moved... https://etherscan.io/tx/0x84a4bd54e9ce7d322544a0a8110232b37eb3bb4b1a486835891b6213a43fda56 + +Half a Bil transacted with a fee of $1.7.. Sent straight to FTX. Lets see what unfolds now + +**Additional update:** + +Celsius just got sued by another company KeyFi who claim Celsius lied about hedging impermanent loss risk, and that alone contributed to a big hole in Celsius balance sheet. + +https://iapps.courts.state.ny.us/nyscef/ViewDocument?docIndex=RvF30Mz2IZW63s1mjjau2Q== + +Lawsuit claims: + +> But in late Feb 2021, we discovered Celsius had lied to us. They had not been hedging our activities, nor had they been hedging the fluctuations in cryptoasset prices. The entire company’s portfolio had naked exposure to the market. + +> After seeing these (and other) major problems in how the company operated, we informed Celsius that we wished to terminate our relationship. That was March 2021. We told Celsius that we would work with them to unwind our various positions over the following months. + +Oof Celsius never hedged IL from their defi activities. They may have been insolvent long ago + +> "Faced with a liquidity crisis, Celsius began to offer double-digit interest rates in order to lure new depositors, whose funds were used to repay earlier depositors and creditors." + +> 91. After Stone left Celsius KeyFi, Celsius maintained access and control of the 0xb1 wallet. Celsius’ CEO, Alex Mashinsky, used that control for his own personal benefit. In one example, Celsius’ CEO transferred valuable NFTs from the 0xb1 accounts to his wife’s wallet. +I am interested to know if algo trading on live news is a thing, and if so, what are the most common services (api providers, etc) that are used for this. Also, it would be helpful if I get the list of features I should keep in mind when comparing news API providers. +Thanks! +My employer doesn't pay anything more than the statutory sick pay. I never took sick leave before and I will not be able to live off £96.35 a week. I have done the personal covid test from the kit I have and it was negative but I will probably be asked to do the proper test and if that will be positive then I have no idea what to do. My brother had the same cold earlier and it lasted for 2 weeks and he also tested negative for covid. + +I'm anxious about staying at home or being quarantined for only £96.35 a week. Any advice will be appreciated. + +I live in England +Background: +28 years old, I currently make 80K/year, drive 1.10 to 1.5 hrs (50 miles) one way each day. I wake up at 5 to 5:30 am and don't get home until 6 to 7 pm everyday. I work non-stop with no breaks, skipping lunch, walking from meeting to meeting,etc. It just sucks and I don't even feel this is not my final career path (working in manufacturing). My wife also makes 80K/yr + +Financial Situation: My wife and I currently have a net worth of ~240K. This is split out ~100K cash and ~140K in investments (retirement). We have no debt, just expenses (~2000$/mo) on rent, food, etc. We have a upcoming wedding (20-30K) but expect a huge windfall from parents/relatives and cash gifts which would probably cancel out the wedding costs and have leftover cash + + +What's holding me back: Of course if I switch careers I'll start at entry level pay, so maybe 60K-65K?, also potentially losing my contribution to "after-tax" availability if I leave. Also medical,dental, etc. benefits and a 3000$ pension.... + +EDIT1: Wow didn't expect this to blow up. In case anyone was wondering, I live in NJ and rent is 1600$/mo. for 1 bed/1bath. + +As for Wedding Costs: + +5K = 2-3 rental, sets of wedding clothing for my wife and I, 1 rental set for 3 groomsmens/bridesmaids, 2 full day photo shoots, 8 hour limo, 8 hour for two photographers, one videographers + +10K = 1000$ per table (sits up to 10 ppl/table), 10 asian cuisine dishes, expecting ~100 people. It's hosted at an asian restaurant so the "venue" is technically the tables + + +~7K-10K = 1K tips, 1K alcohol, 1K came and gifts/prizes, 2K in decoration, 2K for MC/DJ + +GRAND TOTAL: ~22K + +As for wedding costs, typically asian people bring cash gifts (I don't expect) but this would definitely help negate much of the initial costs. Close relatives may typically give $$$ thousands usually... but again I don't "expect" anything. Trust me, I rather NOT having a wedding and do a nice restaurant but we're both chinese, and thus her traditional parents expects us to go through this...this wedding is in brooklyn, nyc + + +BURIRAM, Thailand—Toyota Motor Corp. TM -0.87%decrease; red down pointing triangle President Akio Toyoda said he is among the auto industry’s silent majority in questioning whether electric vehicles should be pursued exclusively, comments that reflect a growing uneasiness about how quickly car companies can transition. + +Auto makers are making big bets on fully electric vehicles, investments that have been bolstered by robust demand for the limited numbers of models that are now available. + +Still, challenges are mounting—particularly in securing parts and raw materials for batteries—and concerns have emerged in some pockets of the car business about the speed to which buyers will make the shift, especially as EV prices have soared this year. + +“People involved in the auto industry are largely a silent majority,” Mr. Toyoda said to reporters during a visit to Thailand. “That silent majority is wondering whether EVs are really OK to have as a single option. But they think it’s the trend so they can’t speak out loudly.” + +While major rivals, including General Motors Co. and Honda Motor Co., have set dates for when their lineups will be all-EV, Toyota has stuck to a strategy of investing in a diverse lineup of vehicles that includes hydrogen-powered cars and hybrids, which combine batteries with gas engines. + +The world’s biggest auto maker has said it sees hybrids, a technology it invented with the debut of the Toyota Prius in the 1990s, as an important option when EVs remain expensive and charging infrastructure is still being built out in many parts of the world. It is also developing zero-emission vehicles powered by hydrogen. + +“Because the right answer is still unclear, we shouldn’t limit ourselves to just one option,” Mr. Toyoda said. Over the past few years, Mr. Toyoda said, he has tried to convey this point to industry stakeholders, including government officials—an effort he described as tiring at times. + +Global car companies have made a sharp pivot to electric vehicles within the last few years, driven in part by the success of EV-only maker Tesla Inc. + +Traditional auto makers such as Toyota, Ford and GM are also facing new competition from startups such as Rivian Automotive and Lucid Group Inc., which make EVs exclusively and have captivated Wall Street in recent years. + +At the same time, the legacy auto makers have a much broader base of customers, including many living in rural areas and developing economies with unreliable electricity supplies. + +And their gas-engine businesses are still driving the bulk of profits needed to fund the costly shift to electric vehicles, which not only requires the development of new models but also construction of new facilities and battery plants. + +The infrastructure to charge electric vehicles is meanwhile still lacking in the U.S. and many other parts of the world, making owning an EV still a challenge for many types of consumers. + +According to J.D. Power, the market share for EVs in the U.S. has risen sharply in the last couple of years. As of October, it was around 6.5% of the total new-car market, the firm said. + +But that is largely because EV sales are growing faster in places such as California, where there are more options and a greater willingness among buyers to make the shift, J.D. Power analysts say. Sticker prices for electric vehicles have also jumped this year because of the rising cost of battery materials, limiting the pool of buyers who can afford one. + +Auto executives say the uptake on EVs could be uneven for some time, and that gas-powered models, along with hybrids and plug-in hybrids, will endure for many years to come. + +“The coastal areas, the East and West Coast, that’s electrifying much quicker than the interior of the country,” said Jim Rowan, chief executive of Sweden’s Volvo Car AB. Mr. Rowan said plug-in hybrids serve the purpose of providing buyers with an option if they aren’t ready to go full electric and are important to warming them up to the technology. + +Ryan Gremore, an Illinois-based dealer, who owns several brand franchises, said he gets a lot of customers inquiring about EVs, in part because of limited supplies. + +That might give the impression of robust demand, but it is unclear how it will materialize when inventory levels at dealerships normalize, he added. “Is there interest in electric vehicles? Yes. Is it more than 10% to 15% of our customer base? No way,” Mr. Gremore said. + +Mr. Toyoda’s long-held skepticism about a fully electric future has been shared by others in the Japanese car industry, as well. + +Mazda Motor Corp. executives once cautioned that whether EVs were cleaner depends largely on where the electricity is produced. They also worried that EV batteries were too big and expensive to replace gas-powered models and better suited to the types of smaller vehicles that Americans didn’t want. + +Nissan Motor Co., which launched the all-electric Leaf over a decade ago, had until recently taken a more cautious stance on EVs with executives saying they were waiting to see how the demand would materialize. + +Nissan Chief Executive Makoto Uchida said the company moved too aggressively with the Leaf early on, but lately demand for EVs has been growing faster than many had initially expected. Nissan said last year it would spend roughly $14.7 billion to roll out new battery-powered models. Now, Mr. Uchida said it may need to spend more. + +The wild card, he said, is regulations and government subsidies globally that could speed adoption even more. “Would that be enough? The answer is it may not be,” Mr. Uchida said. + +Mr. Toyoda has argued that fully electric models aren’t the only way to reduce carbon emissions, saying hybrid vehicles sold in large volumes can also deliver a short-term impact. “It’s about what can be done now,” he said. + +Mr. Toyoda’s cautionary tone toward EVs has caused some concern from investors and consumers that the auto maker could be falling behind in the EV race. + +Toyota has been slower than rivals to roll out fully electric models in major markets such as the U.S., with its bZ4X electric SUV being recalled earlier this year because of a potential safety problem. + +Mr. Toyoda said the auto maker was taking all types of vehicles seriously, including EVs. In late 2021, it revealed plans to spend up to $35 billion on its EV lineup through 2030. Since then, Toyota has disclosed sizable investments in EV manufacturing capacity in the U.S. + +The Toyota chief also said alternatives to EVs, such as hydrogen-powered vehicles, were beginning to get a warmer reception from government officials, members of the media and others involved in the auto industry. + +“Two years ago, I was the only person making these kinds of statements,” Mr. Toyoda said. + +https://www.wsj.com/articles/toyota-president-says-silent-majority-has-doubts-about-pursuing-only-evs-11671372223?mod=hp_lead_pos5 + [https://www.bloombergquint.com/mutual-funds/the-mutual-fund-show-active-versus-passive-investing-amid-virus-turmoil](https://www.bloombergquint.com/mutual-funds/the-mutual-fund-show-active-versus-passive-investing-amid-virus-turmoil) + +&#x200B; + +TLDR + +&#x200B; + +One in six and one in seven portfolios, actually outperform the index replication. That’s how difficult it is. You know index comes across as a very humble; a very simple instrument right? There is no alpha, no fancy words that are associated with it. There is no portfolio management premium, there is no alpha, and there is no stock selection. Another study pointing towards index investing. Because you can never find the perfect fund accurately and they always keep on changing every year! +https://www.financialexpress.com/money/pmvvy-interest-rate-2020-pension-scheme-calculator-details-how-to-apply-where-to-buy-application-form-online-rules-table-review/1833722/ + +The premise is that on an investment of Rs. 15 lakhs, you will get a fixed income of Rs. 10000 a month (there are other plans as well) for 10 years. + +On the face of it, this seems like an attractive fixed income plan, because if you die, the full principal is returned to your spouse, and if you live, the principal is paid out along with the last interest payment. + +Normally when I think of fixed income, I usually consider long duration government bonds held to maturity for safety. Now obviously this is not a government bond-like product, but a pension plan, but it does have a degree of the same stability LIC is likely going to be backed by the government in a financial crisis, not unlike NHAI bonds. + +My strategy for such an investment is simple: when you are about to retire, invest the money in this product so that at least your essentials are taken care of. 10000 a month is good enough for food and electricity in most households. +The geriatric had last posted 4 months back , expecting yields to touch 6.90 on the 10 year GSEC in 12 months . + +There is still 8 months to go but I thought of giving my super duper boring update that maybe no one will read + +For the technically oriented the yield curve is here + +http://www.worldgovernmentbonds.com/country/india/ + +We have ended today with the 10 year GSEC at 6.73. + +What one must realise and what really scares the bejesus out of me is that there has been literally no rate action to cause it. The fed has just “tawked” , there is no hike as of yet . + +The other disturbing thing on the radar . Almost all of the western world including Japan are showing positive 10 year yields + +With 8 months to go here is what my fantasy says + +1. I am expecting Indian 10 year GSEC to head to 7.50 by September . + +2. I see 24 year yields also moving to 8.50 ranges + + +From a more personal finance angle now would be a good time to sell equity sell debt and pay off loans . + +But then this is just my fantasy . Don’t construe it as financial advise +Created an account on Deserv.in + +The account opening, KYC was super smooth. Before investing I asked for a callback from their representative to clarify a few things. + +Apparently, what they are doing is recommending a bunch of MFs, ETFs, gold bonds etc basis your risk appetite. + +Now I, as a user, can see the recommendations and buy the same elsewhere. To counter this the sales person said they look at your portfolio regularly and recommend changes, based on market conditions and portfolio performance. + +My follow up was on the MFs taking exit load if sold within 12 months of investing. To which the person said they avoid selling MFs in the short term and only do so if absolutely necessary. + +My next question was on the same lines. If deserv doesn't do any changes in the portfolio in the short term what's the point of it at all. I can do the same via direct MF investment and hope the money grows in a long enough period. + +The rep didn't have a convincing answer. I then talked to him about smallcases that come with paid subscription. Wherein the investment advisor tracks stocks regularly and is paid a fixed fee for doing so. + +The rep was patient. And answered all the questions honestly. He also talked about the PMS deserv has for HNIs. Which unlike other Performance management services is based on MF investments. + +At the end, the rep shared a whitepaper that covers their investment philosophy. + +Question - Has anyone here evaluated deserv.in? Did you go ahead and invest? + +TLDR- evaluated deserv.in but wasn't convinced of the USP so didn't invest. +Sometime back I had read an article somewhere , in which they made a study of effect of SIP date on overall returns.The conclusion was that if the date of SIP is 10th day of the month the profits would be maximum. + +Over the weekend , I had some spare time and decided to make my own study on this. + +**What I did?** + +-There is [this is nice site](https://www.mfapi.in/) which allows you get the NAV history any fund.So I scraped data of many different types of funds from various AMCs. + +-From the above dump I filtered out only those funds whose historic data for atleast last 4 years were available. + +-I clubbed the funds by fund type (eg Large Cap fund , Mid Cap fund etc) and for each of them I calculated the date of the min NAV of the fund in every month for last 4 years + +-The dates are grouped 8 groups: +Group 1 : Day 1 - 4 of the month +Group 2 : Day 5 - 8 +Group 3 : Day 9 - 12 +Group 4 : Day 13 - 16 +Group 5 : Day 17 - 20 +Group 6 : Day 21 - 24 +Group 7 : Day 25 - 28 +Group 8 : Day 29 - 31 + +-And finally plotted a bar chart to find out in which Group the NAV hits the minimum value of the month maximum number of times + + + +[And here are the resulting plot Equity Funds](https://i.imgur.com/6IbOBla.jpg) +(Plot has data only for Large Cap , Mid Cap , Multi Cap and Small Cap funds) + +As seen by the plot the in the 1st to 4th day of the month the NAV hits the minimum and maximum number of times. + +Does that mean I should always keep the SIP date between these date ranges for maximum profits? + +Just for sake of completion I plotted for debt funds as well.As expected most of the times the NAV is lowest in the beginning of the month and [here is the plot](https://i.imgur.com/Ly6QAL0.jpg) + +You are welcome for any questions on the methodology , will be happy to answer. + + + +**TL;DR** +Made a bar chart plot to get date range of the month in which NAV of a mutual fund hits its minimum and here are the results. + +[Equity](https://i.imgur.com/6IbOBla.jpg) +[Debt](https://i.imgur.com/Ly6QAL0.jpg) +1) What does it tell, if anything, about world economy? + +2) Will it affect Indian economy? If yes, how? + +3) Does it change conventional investment wisdom followed in this sub? + +TIA. +1) What does it tell, if anything, about world economy? + +2) Will it affect Indian economy? If yes, how? + +3) Does it change conventional investment wisdom followed in this sub? + +TIA. +If you’re not in a new meme IPO, or some crap penny stock, your stock is probably down because the entire market is... + +So there you go, no need to continue to make posts asking why your stock is down. + +It’s like some of you never look at any other market data besides the few stocks you’re in. +I’ve been a long time lurker of this sub and have learnt a lot, whilst also learning to distinguish where poster scenarios can skew expectations. + +First and foremost. Congrats to all the people out there who hit the big time, through salary, inheritance or investment. + +My gripe consists of the cream of the crops in which “21yr old on 150k has $x - what should I do” being the new normal. I’d hate for this to come across to every “normal” person who reads this in the sub as benchmark for what’s occurring in reality. + +I’d love to see some realistic posts. Some actual clever ideas and some genuine discussion on how someone on 55k, 75k, 120k+ deals with with their own situation. + +So please do share in your situation, what do you do and why do you do it. +Whats the two things apes wanted to know? + +Whats the way? Computershare + +How many shares voted? 741% + +Tell me ive cracked it. I await my place in history. Also, someone should probably tell lawsuit guy 😂 + +I could be wrong, but this seems dead easy and exactly what the sub was trying to figure out. RC is answering the questions. + +Edit: The 7:41 tweets started May 30... this would be just before the vote deadline June 8 and probably where they would have stopped and accepted results. This concept of looking at the votes a week before the deadline is commonplace, it allows you to withdraw items you prerty much know wont pass, popcorn did this when withdrawal of share increase. +Did you ever hear the tragedy of Sky and Space Global [SAS]? + +It's not a story the more seasoned autists would tell you... It's an asx gambling legend. Sky and Space Global was a meme stock, so powerful and so hyped it could use the FOMO to influence noob investors to create rockets… +I’m in a bit of a predicament and put myself into a bad position and just need some advice on the best way of clearing this debt. I have a personal loan which I needed to take out earlier in the year as I didn’t have an emergency fund and needed the cash quick. + +It’s with my bank which is on 12.9% APR and costs me £224.74 per month over 4 years. Ive been paying this off since June 2021 and the settlement figure is currently at £7,790.03 + +I’m 23 and feel like I’m doing alright with earning currently, but the monthly costs are eating at me trying to save as much as possible. Take home is £2650 and outgoings are £970 per month. I’m working on reducing these outgoings by switching providers, gyms etc. + +I’ve started a side hustle in March and been saving as much as possible through work and have just under 13k to my name. + +I have considered paying this off in full but ideally want to buy a house within the next year or two and it kind of feels like resetting with my savings if I was to do it all in one. Would I be better off paying it in full or overpaying to say £500 a month total through my earnings and clearing the debt within the next year whilst still saving a smaller amount? + +May seem like a simple answer to some but it’s just constantly on my mind and playing with me. Any advice is really appreciated. +“Milton then made several comments to the crowd at the December 2016 event suggesting the Nikola One was driveable. The statements alarmed people familiar with the truck’s capability, who told Bloomberg News recently that it was inoperable and missing key components to power itself. On Wednesday, Milton said key parts were taken out of the vehicle for safety reasons and that it never drove under its own power.” + + +https://www.bloomberg.com/news/articles/2020-06-17/nikola-s-founder-exaggerated-the-capability-of-his-debut-truck +Guten Morgen to this global band of Apes! 👋🦍 + +I am truly impressed at the ability for this community to create and quickly spread the quality of DD that we saw yesterday. From the initial posts calling out the enormous positions that Susquehanna holds to the deeper dives into the specific holdings and what that means for their position against GameStop, it was a marvelous thing to see play out in real-time, especially when a marvel of a different kind was continuing on the canvas place. The Apes here are a true marvel, and I am proud to stand among you. + +For those who may not be aware, Susquehanna made a required filing that showed that they are the beneficial owner of nearly 3 million GME shares, which is a huge breadcrumb that u/JustBeingPunny used to show that it proves that they are heavily involved in security-based-swaps, as has been speculated in prior DD. While I'm sure there are still aspects of this to uncover, I delight when such pieces fall into place and we get a glimpse of the true scale that these institutions are short against GME. They are really going all-in on demonstrating the meaning of 'unlimited risk'. + +And to cap it all off, Ryan Cohen tweeted again - 'You know what happens when I eat too much fruit...' + +Tell me Ryan - Do you destroy some shorts? + +Do you poop all over the hedges while on an epic run? + +Are we about to find out? + +Today is Tuesday, April 5th, 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: **$168.93 / 153,50 €** *(volume: 2505)* +- ⬜ 115 minutes in: $169.48 / 154,00 € *(volume: 2145)* +- 🟩 110 minutes in: $169.48 / 154,00 € *(volume: 2120)* +- 🟩 105 minutes in: $168.95 / 153,52 € *(volume: 1989)* +- 🟥 100 minutes in: $168.94 / 153,51 € *(volume: 1966)* +- 🟩 95 minutes in: $169.36 / 153,89 € *(volume: 1928)* +- 🟥 90 minutes in: $168.94 / 153,51 € *(volume: 1906)* +- 🟩 85 minutes in: $169.48 / 154,00 € *(volume: 1675)* +- 🟥 80 minutes in: $169.47 / 154,00 € *(volume: 1662)* +- 🟩 75 minutes in: $169.48 / 154,00 € *(volume: 1651)* +- 🟥 70 minutes in: $168.67 / 153,26 € *(volume: 1446)* +- 🟩 65 minutes in: $169.69 / 154,19 € *(volume: 1445)* +- 🟥 60 minutes in: $169.05 / 153,61 € *(volume: 1291)* +- 🟩 55 minutes in: $169.07 / 153,63 € *(volume: 1267)* +- 🟩 50 minutes in: $169.06 / 153,62 € *(volume: 1247)* +- 🟥 45 minutes in: $169.04 / 153,60 € *(volume: 1244)* +- 🟥 40 minutes in: $169.09 / 153,65 € *(volume: 1240)* +- 🟥 35 minutes in: $169.22 / 153,77 € *(volume: 1202)* +- 🟥 30 minutes in: $169.23 / 153,77 € *(volume: 1201)* +- 🟩 25 minutes in: $169.23 / 153,78 € *(volume: 1201)* +- 🟥 20 minutes in: $169.21 / 153,76 € *(volume: 1191)* +- 🟥 15 minutes in: $169.23 / 153,78 € *(volume: 1160)* +- 🟥 10 minutes in: $169.73 / 154,23 € *(volume: 455)* +- 🟩 5 minutes in: $169.77 / 154,27 € *(volume: 283)* +- 🟥 0 minutes in: $169.41 / 153,94 € *(volume: 204)* +- 🟩 US close price: $170.73 / 155,14 € *($169.80 / 154,29 € 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 1.1005. 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 dont know man but this shit looks the same to me but the other way around, during 20k everyone was shouting we are going to break 20k suddenly it all crashed, people are waiting for the perfect entry now and lot of greed going on, all comments that say 1 or 2k get massively upvoted and those who make bullish posts get downvoted, pretty much the same as ath sentiments. + + +[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!* +Remember folks, unless you're some sort of high flyer, if the hiring process is more like a sales pitch to you than a trial to prove your value to the organization, it's probably not something you want to do. + +Red flag 1: Yesterday I got an email and then a phone call about a job opportunity. Either I had clicked on an "apply now" thing on Indeed.com for a vague posting or they found my resume, but the short description about the job on the phone was that I'd be assisting members of labor unions, credit unions, and professional associations learn about their benefits. The "interview" was to be today. I figured this is probably nothing I'm interested in, but on the face of it so far, it seems like it could be legit. + +Red flag 2: Form letter confirmation email sent immediately after phone call. It states "Attire: Business Professional, Business Suit." + +Red flag 3: Arrive to location, find two people waiting outside the entrance to the suite inside the building for the same interview time. + +Red flag 4: Wrong entrance (other entrance I had seen had different company name on it). We are escorted to another entrance where several others are in line to check in. A lady in pleather pants and gaudy heels is escorting folks to the back as they sign in. + +Red flag 5 (I should really have left by now, right?): I am given a "personality profile" multiple choice question sheet to complete. I am also asked if I have something to write with, as though it is a deep and urgent concern. + +Red flag 6: Upon completing check-in, I am ushered into a presentation room with maybe 40 total people in the audience. These, I realize, are my fellow "applicants," but I really feel "rube" is a better description. + +Red flag 7: Observing the other applicants, it's clear they are a broad mix of ages and backgrounds. Some are are clearly folks that can at least present themselves professionally, but others are clearly not able to do so, either because they lack the means or social mores. From their chit-chat with one another, it doesn't seem like many of them are the kind of people I have a lot in common with other than the need employment. + +Red flag 8:The presenters enter, four men and one woman. Man 1 has spiked, gelled hair buzzed on the sides, but it isn't artfully done. He is wearing a loudly patterned suit. Man 2 looks much better dressed and groomed, but has two rings on his right hand, including a pinkie ring with some large emblem on it. Man 3 is reasonably dressed, but Man 4 is wearing a shiny, patterned suit; a pique shirt that is monogrammed; ostentatious cuff links; and a shiny, chain bracelet. His hair is also spiked with gel and buzzed on the sides, though it's better done and fits his build better than with Man 1. Man 1 looked like someone who just didn't know any better, but on Man 4 is was straight up "bruh." Upon standing it becomes obvious that Man 4's suit is tailored to his body but still bunches at the shoulder oddly, indicating that he probably ordered it from a made-to-measure website rather than a bespoke clothier in person. Man 4 is also not wearing a tie. Upon removing his jacket while speaking, it is clear that Man 4's shirt is actually too small for his bulging biceps. + +Red flag 9: I never get a chance to assess how the woman was dressed, because she never presented. If she did interact with the audience, it would have been after Man 4 finished speaking, but I left when it was clear he was winding down and was asking each person in the audience what they liked best about he presentation. So it looks like the entire leadership team of the org are somewhat douchey-looking guys. + +Red flag 10: We are all asked (again) if we all have something to write with. + +Red flag 11: Multiple company names are thrown around. I was recruited by the Hartwig Agency, but the job is for Surace-Smith, an agent of American Income Life Insurance Company, which is also owned by Torchmark Corporation (edit: all of this is legit, but it was not clear from the beginning who the employer actually was). + +Red flag 12: The company's business model is to sell expensive insurance benefits to members of labor unions, credit unions, and professional associations. In their sample material the full annual premium of the benefits package they market is $1,600, but they pitch is as only costing $30 a week. There is lots of "think about your family / children / these benefits can be passed on to them when you're gone" talk, but it's stuff like funeral insurance, supplementary health insurance, and mortgage pay-off insurance. In other words, stuff that is expensive and should be taken care of with a simple term-life policy that's way, way cheaper for the consumer. In short: this business model is somewhat unethical. + +Red flag 13: During the presentation the company's success is hyped up. A lot. Lots of talk about their growth and about their revenue and stock price. An impressive chart showing 1996 to now is shown. They talk about how Warren Buffet owns a lot of it. No mention is made about the plummet in value the company's stock price experienced in 2014, only about half of which is accounted for by a stock split, or of how growth has been significantly slower since then. + +Red flag 14: A description of who they are looking for is given in the form of the "Seven Cs." We are urged to write down the Cs and to contemplate which is most important to us. Later, the five Ps are also brought up in terms of how to get clients to purchase their product. + +Red flag 15: They claim to be rated in the best placed to work by a Cleveland newspaper. A search shows they are not, or at least not in the top 75 of the most current ranking. + +Red flag 16: Man 3, the presenter on "technology," extols the virtue of their system in which "representatives" (those hired) use laptops to show what is essentially an interactive video as the primary pitch to potential customers rather than have to make the pitch or explain anything themselves. Later is it implied we will need our personal laptops for this. + +Red flag 17: Compensation is entirely commissions based, and it is further revealed that it's a pyramid scheme. After the first 3 months, representatives can train other reps and get a match on their commission. As you age into the company, these matches increase in size and become tiered. We're told that as the folks we once trained have trained other folks and they start making sales, we earn a match on that commission too. + +Red flag 18: When they talk about the charities they support as a company, I only recognize one (FCA), and they all appear to be faith-based. + +Red flag 19: Man 4 removes his jacket during his presentation, revealing a shirt that was too tight. He hands his jacket to the one woman, who hasn't spoken to us at all. She places it lightly on his chair back. Man 4 proceeds to sip on a large can of energy drink during his presentation. + +Red flag 20, and perhaps the biggest: Man 4 encourages audience members to pay ~$250 for the various online training courses and license application fees to be legally able to perform this job in the state of Ohio with a credit card. He had strong recommendations for which online training site to use - to the point that I suspect the company owns that site. He makes it clear that "this isn't for us, this is for the state. We don't pay for this because this is a licence that you keep and will put on your resume." + +Red flag 21: At the conclusion of Man 4's presentation (by which time Men 1-3 have left), he asks each audience member to say their name what they liked best about what we've all just heard. At this point I simply leave, uninterested and feeling dirty all over. + +Red flag 22: As I exit the office, the lady at reception is very concerned about getting my name before I leave. + +Edit: OMG, GUYS, THEY HAVE A HYPE VIDEO!!! + +http://www.suracesmith.com + +Edit 2: Minor typo fixes and some small changes for clarity of reading. +I’ve spent the past year and a half developing a strategy that I’m 100% confident in but I’m seriously struggling to get myself to trade it properly. + +As soon as a trade starts going against me I want to sell to minimize losses or as soon a trade starts going in my favor I want to sell to hang on to any gains, despite having a specific stop loss and sell price. + +I have a trading plan that I trust but despite that end up selling early which stops me from gaining in the long run. + +I trade Spy options and only trade one contract at a time but can’t seem to get over this hurtle has anyone else had this been problem and been able to find a way past it, how do you get out of your own way? +SOLVED: Tried again a couple of hours later and it worked well. Also, in light of the current crypto landscape, really appreciate the quick answer and suggestion from kraken here in reddit, makes me believe in the exchange a lot more. + +ORIGINAL: Hi all, trying to withdraw euros from Kraken through sepa, and after filling in everything I just got the message "service is currently disabled, please try later". + +Is this related to euros ? (would USD work?) +Is this related to SEPA? (would swift work) + +I've contacted support, but have a hunch I'll get answers faster here. Will post again if this is sorted out through support. +I've been researching and buying coins for about 5 months now. I keep hearing about Quark; but usually in the same sentence, there is a death knell warning attached. Particularly from the Maxcoin folks (although actually I would never touch Max after watching the botched launch). + +I just went to the /r/QuarkCoin sub for the first time and was amazed at the fundamentals, logic and science, and user base. + +So why all the hate? What's wrong with Quark? Should I stay away? And if so, why? + +tl;dr: really looking to diversify in another coin, so what do you think about Quark right now? +Ok guys, later this week i'm going to drop 150-200 bucks on 1 crypto, i like to do this every month, i choose one, drop my money and hodl, the thing is that this month i still haven't decided what crypto i'm going to drop my money in... +EOS, BAT, NAS, NEO, OMG, FUN, ENG, ENJ, LTC ... +LTC is atm on a FOMO wave, so i don't think i'm going to buy it +I was looking at either NEO, OMG or EOS... but if anyone thinks any of the other is a good choice go ahead and tell me, always glad to know more! + +My cryptoportfolio atm is: VEN;XLM;TRX;ETH;IOTA; so have that in mind + TLDR; I think the Cycles for FTDs are just players getting margin called. + +I was scrolling through twitter when I saw u/rensole say this: + + + +https://preview.redd.it/bkb16dhcs7671.png?width=509&format=png&auto=webp&s=5bd5cef90d140406406c637dda71d0a63b7039d4 + +Which made me think hmmmmmmmmmmm if I was going to look at someone’s books it’d be after monthly options or at monthly options expirations cuz yeah it makes sense. A lot of $$$ are sort of locked in around those dates in options. + + + +So then I was like hey lemme look at monthly options expirations: + + + +[The days marked in Red people](https://preview.redd.it/fpjx9lufs7671.png?width=1054&format=png&auto=webp&s=2fdec126e6c6facb3cd2abdb31a20c91e9fc8c36) + + + +[Ignore my ads on Tradingview I spent all my money on GME](https://preview.redd.it/p4uctuvis7671.png?width=1600&format=png&auto=webp&s=2f000fa64f7b45599ebedae23b41e41ae41cf4f7) + +This is when shit got interesting, picture it this way: the regulators look at books monthly and call them if they are light on margin. They typically have T+5 to settle and buy back on their own or a clearing house comes in on day 6 like we saw with Melvin in January and just rips the price. The first January buyback actually occurred T+3 from January options but was hidden by the market holiday January 18. Do you guys really think Daddy citadel and point 72 gave Gabe money before he bankrupted his position was huge! Archegos died from margin requirements because they had no cash. If you remember they put all of their cash into Viacom and Discovery and somehow managed to go negative at the same time the books were being checked that month. So far those are the biggest individual rips and look massively different except maybe from February. I think every month a new HF is getting called based on old NSCC rules. No cycles. If this is the case then MOASS will become much sooner if 002 is in effect. MM can't hand out synthetic longs through the dark pool to little members to avoid margin calls (G1, Virtu, Citadel). This is huge and suggests we are much closer than we thought. Each time a member gets liquidated at the End of the month like melvin, GFG, Greensill, and archegos the price jumps wayyyyy higher in March people got called but met the margin. Look at crypto it dumps around monthly options expirations weekends for extra cash!!!!! Someone in the crypto market (elon musk) noticed this in may and tweeted this: + + + +[You still are out here destroying shorts, wouldn't be surprised if Citadel is still short TSLA](https://preview.redd.it/r13p4yuqs7671.png?width=608&format=png&auto=webp&s=f65a7fe089e4d6b9c81739d0072e0deb4fdb682c) + + + +Basically fucking the Short HFs out of their long position and forcing them to dump early. + + + +Proof: + + + +[Melvin Long](https://preview.redd.it/orqhjjbus7671.png?width=1243&format=png&auto=webp&s=a1dc2d44f36065d36bcb2adce4f5da99558d1efe) + + + +[Melvin Long](https://preview.redd.it/jcz4bptxs7671.png?width=1600&format=png&auto=webp&s=e40cce056edfe78b25e7a4da22628112b00a7f0b) + + + +[Archegos out here screwing companies they are long on too](https://preview.redd.it/nh11bic6t7671.png?width=1546&format=png&auto=webp&s=9331efc4b1a5f572ffe0969fce43bf43223fc0a9) + + + +It was hard to prove both GFG and Greensill because they only invest in huge market cap companies and ETFs and because of that they barely left a footmark when exiting. But they did exit. Check out these bags: + + "**Italy's Aigis Banca in Milan is the latest victim of the Greensill debacle.** + +Italy's central bank has ordered the liquidation of Milan bank Aigis Banca, which mainly served small and medium enterprises. + +The [**«Financial Times»**](https://www.ft.com/content/c02a6e97-5505-4d4a-933f-a0e934ca6eda) *(behind paywall)* reported that Banca Ifis, a competitor, will take over the bank's books and commitments for the symbolic price of 1 euro ($1.23).  + +**Germany's Bafin Alarmed Italy** + +Aigis Banca appears to have bought sizeable securitized investments from now insolvent Australian-U.K. firm Greensill Capital, including ones for GFG Alliance. Steel magnate **Sanjeev Gupta** owns GFG and is a significant Credit Suisse [**debtor** ](https://www.finews.com/news/english-news?_ga=2.9390709.1180776032.1621857521-969114981.1585224002)as a result of the now-closed Supply Chain Management funds co-managed with Greensill. GFG itself is fighting for survival after Greensill's collapse.  + +Ironically, Gupta ostensibly wanted to buy a stake in Agis Banca last year. At that time it was called GBM Banca. Germany's Federal Financial Supervisory Authority (BaFin), which investigated the extensive loans that German Greensill Bank made to Gupta, alarmed Italian colleagues in October last year as well as the European Central Bank (ECB). + +**Deposit Insurance Coughs Up** + +But the regulators were too late. Greensill collapsed in March and Credit Suisse has to closed funds with about $10 billion in assets in them. In Germany, Greensill Bank was liquidated and a criminal investigation was started against management. + +Aigis Banca made it to May. But the forced sale now required the support of Italy's Deposit Insurance to the tune of 49 million euros ($60 million)." -[https://www.finews.com/news/english-news/46385-greensill-aigis-banca-bank-italy](https://www.finews.com/news/english-news/46385-greensill-aigis-banca-bank-italy) + + GFG and Greensill bite the dust. + +Future: This made me think if they don’t actually have to cover positions until they are looked at under a microscope then maybe they are building up giant debt every month until they are called. This Thursday we supposedly were supposed to have 18% of the total float delivered in FTDs and 7% on Friday. If that was the exposed short position of the hedge fund once the FTD was pushed through it has now been seen by the NSCC for this month right? IDK maybe they took off on the most important day of the entire fucking month. Here is where it gets interesting our T+21 'cycle' for this month lands on June 24, but everyone fav cat gave a hint to Seinfeld date June 23 which is when Seinfeld leaves HULU. The general rule is T+5 to cover themselves or get cleared out, but they have been covering on T+3 and using the last 2 days as damage control to cool off price unless they don't have the cash. Does this mean NSCC looked at the books on Thursday or Monday or Not at all this month? I have no idea which date they will have looked at the books all I know is their protocol is options expiration or the day after. But I do know one thing, looking at books every intraday has got me JACKED TO THE TITS FOR 002 we don't have to wait entire months for our 'cycle' to happen any little news that sparks buying fucks the shorts hard. + +Tinfoil Time: In my opinion this is why Cohen is hoarding good news until 002 release. He wants to wait to announce all the great things about GameStop and what they've done so far until 002 is in effect so everyday they must face a wave of retail backing them into a intraday margin call. There is also some data out there suggesting Cohen baited hedge funds in with a share offering then bought up double the offered shares with RC Ventures, but the filing hasn't hit the SEC yet so I can't give you a clear answer on that. If this is true RC putting the tombstone tweet makes a ton of sense. He baited them into a massive short attack since they thought the tradable float was going from 26M to 31M but RC made it go from 26M to 20M. + +You see what I'm putting down here? Squeeze factor= shorted shares/tradeable float.......Smart apes calculate many different numbers for the total amount of shorted shares but if we only have 100% short that's 80M/20M or a 4:1 factor and if half of our shares are diamond handed (10M go to infinity pool) its 8:1 selling at high numbers makes this factor much much higher. VW was 20:1 (20% short to 1% tradeable since porche owned everything) and they squeezed momentarily past the highest market cap stock at the time, Exon Mobile. Letting you all know with the most conservative of total shorted shares we can surpass the current highest market cap of 2.1T at 30k a share. The number is way higher than 100% short if it wasn't they might've covered already. We hold them by the balls. Every share we hold bottlenecks the squeeze higher. Every extra % of float short they are, exponentially makes it higher there's no need to sell for rookie numbers here guys RC has your money in an exponential growth company look at TSLA, they had their squeeze and they are still climbing because the company is good, fundamentals are sound. GME wont be different if you miss the squeeze entirely you're still gunna get a massive ROI so relax apes we got this. GME to the MOON! + +Edit 1: No I’m not saying MOASS is capped at 30k go back and read what I said I said we surpass highest market cap stock like VW did at 30k a share. The FTD data with T+35 is not fake it’s a real rule, I track these on spreadsheets. Thursday was supposed to have a huge buy in for FTDs nothing happened because the can was kicked I know I know how it works and I’m coming out with another DD explaining the decision process of the hedge fund when they must chose to kick the FTD to a later date or pay. They only cover inside the SLD window because they are strapped for cash during SLD window and believe it or not to an extent it’s cheaper for them to cover because even the cheapest margin is over 100% and if they get close enough to no cash they aren’t protected against retail buying up shares. +I was wondering what single decision on expenses people feel made the biggest impact on there FIRE goals. Our best decision was to buy a house well within our means. When we purchased it it the total cost was 110% of our annual income, we put down 20% which brought out housing costs (prop taxes, insurance, mortgage) to 10.5% of income. Now 12 years later our housing costs are just 4.5% of income. We have no intention of moving and with sporadic additional principal payments over the years we now have $48k left, which I am going to knock out this year as our rate is 6.125%. Since I lack discipline in other areas of my budget (dining out specifically), this one single decision has made a tremendous impact our us being able to achieve our FIRE goals. +Every so often I see posts that say something along the lines of how stupid the hedge funds are for shorting the price down to get people to sell etc. + +These guys are smart. Ridiculously smart. + +So why do they keep doing the dumbest thing they can do at this point? + +**Because they don't care.** + +It's exactly like 2008. They're not stupid. They know we won't sell. They just don't care. They think/know they'll be bailed out, just like every other time, and then they'll fire the money printing machine right back up. + +Acting like it's out of stupidity downplays the inhumanity of these crooks. + +*"They knew. They knew the tax payers would bail them out. They weren't being stupid. They just didn't care."* +Hello everyone, I found a stock called GBT Technologies today, it is currently sitting at 0.0230. I've done some DD on this stock and with a low market cap of 5.21M and float sitting at 231M, They have recently announced some news that they will be developing an AI-based graphic analytics system, targeted for medical imaging. As part of the company's plan to move forward towards the medical analytics field, they started to research and develop activities to seek and improve the detection of diseases and symptoms using computer vision analysis. + +Do Your Own DD before taking positions! + +the information I have gathered from their recent news states "The web server when developed, will be synchronized with qTerm’s mobile application. The web interface when developed will show the user’s location, temperature, and other health-related information. The web server is designed with the goal of user’s privacy and confidentiality to be secured via a personal account set up the system and industry-standard web-oriented security mechanisms. + +in basic terms, they are developing a device that will allow us to get the vitals of humans with the touch of a finger, this can be groundbreaking technology that could give the company the edge its been looking for, they have been quite dead since 2019 but with things moving forward and this tech being revealed I believe they have a good chance of increasing market share to at least 30-50M + +Website: [https://gbttechnologies.com/](https://gbttechnologies.com/) + +All news I have found from various websites: + +[https://www.globenewswire.com/news-release/2021/01/14/2158462/0/en/GBT-Announces-that-it-is-Developing-a-Web-Server-Application-for-qTerm-Device.html](https://www.globenewswire.com/news-release/2021/01/14/2158462/0/en/GBT-Announces-that-it-is-Developing-a-Web-Server-Application-for-qTerm-Device.html) + +[https://www.globenewswire.com/news-release/2020/12/29/2151175/0/en/GBT-Tokenize-is-Developing-a-Private-Advanced-Security-Protocol-qNET-For-qTerm.html](https://www.globenewswire.com/news-release/2020/12/29/2151175/0/en/GBT-Tokenize-is-Developing-a-Private-Advanced-Security-Protocol-qNET-For-qTerm.html) + +Potential Catalysts: + +Seeking FDA Approval for their qTerm Device + +listed on mainstream Exchanges (Brings in volume) + +Price Targets: + +Short/Mid Term: $0.35-55 + +Long term: $3-5 (This technology doesn't exist, if they get FDA Approval, this will be the first of their kind and potential monopolizers for this niche product. + +Price at writing: $0.023 + +Good Luck and happy trading! + +Edit: I forgot to add the cons and negatives of this stock, I have been burned before with penny stocks so I’ll add my take. + +This stock has an unusually high number of outstanding shares, what that means is that for any type of movement to occur there will need to be a big number of buying occurring, stocks like BANT, IONI, ALPP etc, have a smaller float than this stock which allows price pumps. + +Moreover, this stock has been unprofitable for a long time now this doesn’t mean it will continue to be this way because they are making a new product. To have a look at the balance sheet before trading. + +And finally, please please I beg of you KNOW the difference between trading and investing, these penny stocks are high risk and can drain your investment fully if you don’t plan a get in and get out strategy. +I have different ETF's covering different geographical sectors in my long term RRSP : + +XAW, XEU, XGRO, XIC, XQQ + + +I see XAW (emerging markets) XIC (Canadian market) and XEU (Europe) to be complementary to eachother while XQQ has more titles in tech and XGRO is just another portion that grows steady but slowly. + + +Are there real negatives of spreading this way instead of having let's say 100% in XGRO? + +Edit : yes i know XAW is world + emerging, my bad when posting +**Listen up Retards, I have no idea idea what I'm talking about, but you should stop panic selling and get back in GME, HODL, and DO NOT LOOK at your balance for the next six months.** + +I'm late to GME and bought into the hype. Every day I've been tracking GME and got really close to selling, but before I sold, I decided study u/deepfuckingvalue activity for insights into why GME. I found a comment about that locked me in and want to discuss with you retards. + +The news screams at us that the market is over valued. Time and time again a company has $40bn market cap on a measly $2bn revenue with $500mm profits. Who in their right minds would say a company is worth $40bn when it would take 80 years to see ROI. OVER VALUED TRASH. Even UBER report billions in losses but institutional investors are still riding a wave on overvalued trash, why shouldn't we do the same? + +GME is a good buy compared to loads of other OVER VALUED trash on the market. + +>People talk up the demise of GameStop yet here they are about to generate over $2b in revs in a single quarter at the tail end of a console cycle. - u/deepfuckingvalue + +$2bn in revenue in a quarter is not bad. In 2020, GME had revenues of $6.5bn with $300mm in losses down from $8.3 revenue with $491mm in losses in 2019--their worst year since each year before they were turning a profit. Amid a global pandemic GME manages to hold onto revenue and contain losses, they even came close to a profit in Q420 with only $20mm in losses down from $84mm in Q419--amid a global pandemic with Q420 ending in October and not including holiday sales. + +Look at UBER and SNAP. In 2020, UBER had $14.15bn in revenue AND $8.6 BILLION IN LOSSES yet currently $113bn market cap. OVER VALUED TRASH WITH HUGE LOSSES. Or SNAP. In 2020 it had $2.5bn in revenue, $945mm in losses and currently has $94bn market cap. OVER VALUED TRASH WITH HUGE LOSSES. + +If GME is over valued trash like these smart buys then it must be valued at $100bn, maybe $50bn. But wait, GME market cap rests at a modest $3.4bn. WTF?? So you mean to say GME's revenues are 2x its stock market value while closing in on losses but UBER and SNAP are killer buys with $100bn market cap with no end to their bleeding $$. THE EXPERTS SAY ITS BECAUSE THE SHIFT TO DIGITAL!!! + +>The “shift to digital” thesis is way overblown. - u/deepfuckingvalue + +The financial news screams at us saying digital has killed brick in mortar, blah blah blah, we live inside computers now--see PROOF we are on WSB ALL DAY!! If brick and mortar were dead then why would Amazon purchase Whole Foods? Why do companies like PELOTON have retail stores ALL ACROSS THE COUNTRY? Why did e-commerce sales only represent 11% of all retail sales in the US in 2019? BECAUSE THE SHIFT TO DIGITAL IS WAY OVERBLOW BULLSHIT THEY FEED US. + +GME has losses, sure, but they are containing costs with revenue exceeds their entire stock market value. GME is bringing in loads of $$ and their nearly contained losses are way under leading trash-buy stocks like UBER and SNAP. Brick and mortar is alive even in a pandemic--just wait until after the pandemic. People like to visit shops and get their buy on quickly--that's why AMZ bought Whole Foods and online retail only represents a fraction of brick and mortar retail sales. GME is not going anywhere anytime soon. GME is undervalued compared to the rest of the trash on the overvalued market. That's why I'm holding, will stop looking at the ticker price, and will no longer join in discussion about GME on WSB. + +See you all in the summer of 21 ✋💎🤚 + +This is not financial advice. I have no idea what I'm talking about. I just like the stock. ����🚀🚀🚀🚀🚀 + +<a class="embedly-card" href="[https://www.reddit.com/r/GameStop/comments/eoak9y/gme\_reported\_preliminary\_holiday\_sales\_nineweek/fecg4if](https://www.reddit.com/r/GameStop/comments/eoak9y/gme_reported_preliminary_holiday_sales_nineweek/fecg4if)">Card</a> + +<script async src="[//embed.redditmedia.com/widgets/platform.js](//embed.redditmedia.com/widgets/platform.js)" charset="UTF-8"></script> + +GME: [https://www.macrotrends.net/stocks/charts/GME/gamestop/financial-statements](https://www.macrotrends.net/stocks/charts/GME/gamestop/financial-statements) +UBER: [https://www.macrotrends.net/stocks/charts/UBER/uber-technologies/income-statement](https://www.macrotrends.net/stocks/charts/UBER/uber-technologies/income-statement) +SNAP:[https://www.macrotrends.net/stocks/charts/SNAP/snap/income-statement](https://www.macrotrends.net/stocks/charts/SNAP/snap/income-statement) +PTON Showrooms: [https://www.onepeloton.com/showrooms](https://www.onepeloton.com/showrooms) +E-commerce: [https://www.statista.com/statistics/187439/share-of-e-commerce-sales-in-total-us-retail-sales-in-2010/](https://www.statista.com/statistics/187439/share-of-e-commerce-sales-in-total-us-retail-sales-in-2010/) +Thank you to everyone who responded constructively. Sorry if this came across to some as bragging or a dumb question, that wasn’t my intention (bragging in the fatFIRE subreddit where you guys pull my yearly salary in a month off your investments...I could understand if the was the personal finance sub...) + +We put an offer in on the house! +So what things in your FatFI life feel so surreal to you? I suspect many of you, like me, grew up solidily middle class, and some of the aspect of current life just feel so weird. + +I just wrote a 103,000 personal check to my defined benefit plan for 2018. I wrote a $80,000 check for 2017 last week, and now I'm pre-paying next year (due Sep 15 of the trailing year). I've written some astonishingly big checks before, but this is the first time I've written a six figure check. + +What do you do that feels so weird? +Forex trading schools or mentorship programs are priced in their 1000's of dollars and given how much one pays just to advance their trading skills there must be a high daily turnover that these students get so given this how much would you be willing to pay for a forex trading academy and is it worth it? +Are there any traders out there that you know of that are pulling this type of results, trading with 2-5 million accounts? And that are showing this through some form of social media? + A Retail traders MR joe in his house desk casually doing 1-2 percent trades. + +Or are these numbers mainly for institutions? Idk if the liquidity and market experience changes for you as a trader when you are dealing with this big capital risking 80-250k per single trade? +So I'm working at Aldi earning $60k at the moment with the potential to get a pay rose of 3-6k hopefully at the start next year. I was speaking to a friend that also works full time and they work in marketing earning 75k a year. With their salary being negotiated each year. + +At aldi there is no negotiations, instead it's set salaries. I'm able to live comfortably but work can make me physically and mentally exhausted due to the high demands. Am I pushing myself too hard for the salary? +I always wonder when I read bad news like young people passing away in accidents etc. they must’ve had big dreams and may have started saving up for their family and kids. They must have a lot of equity investments, term policies, gold ETF, bank FDs and what not. Let’s assume they haven’t mentioned all these to their immediate family and not all of them are financially “aware”. I know about the will writing but when bad luck hits on an unexpected time , how does the rightful recipient of these financial vehicles get to these and benefit from them. +What I have done now: I put at least the instrument name and the organization name in a google spreadsheet and shared with my spouse. +Example: demat account (with acct number) in Zerodha. +Hi all, can anyone recommend me a bank account where my physical presence is not required (withdraw money, deposit money, KYC, pretty much like home banking). + +I am not a senior citizen but I have a medical condition that it is very tough for me to go out. (I prefer not to share). + +Can anyone suggest me a bank account for it? + +Bonus if it has good health benefits. +I'm from a middle class family. For the past 8 years weve been living in a nice suburban area on a house with a mortgage. Both parents are above 65 and only one gets pension. They want to sell the house which I agree we don't need as we have another one that is further off around 35miles from city center. + +The thing is that they want to sell it to get a smaller one in this area and repay half the mortgage (to get smaller payment installments). The reason they wanna do this is because my sisters which are in their mid 20s don't wanna leave this area where they have all their friends. From my parents side they want to leave us a nice suburban house when they go their merry way. + +The thing is that I feel this is a bad move as we will inherit the mortgage when they pass. Isn't it better to sell the house and invest the rest on other things? (retirement, house improvements and general life improvements for all of us) Am I wrong thinking this is a better plan? + +All of us (children) have steady jobs making good money. One is living with her bf and I'm about to move out. The other one is just a cheapskate and the one that my father is overprotective and does as she pleases. + +Also I'm not interested as to where I live as long as I'm happy. I was never attached to a single place and been moving around for the last 10 years. my dream is to retire at a farm or live at the 35miles away house that is in a quiet village near the sea. +My husband has zero interest in the details of our finances, and he trusts me completely to manage everything. He works ridiculous hours (80-90 hours/week) and he has no time/doesn’t care to know any of our logins and passwords, and I doubt he could even list all of the financial accounts (checking, retirement, insurance, investments) we have. I’m 38 and in good health, but I’m worried about what happens if I die or become incapacitated unexpectedly. What’s the best, most secure way to make sure he has all of the banking and insurance information in case he needs to access it all without my assistance someday? + +EDIT: Wow, thank you all for the helpful ideas and recommendations! I am understanding that a three-pronged approach may be best here. + +1. I will put together a BINDER with lots of information about our accounts (institutions, account numbers, notes about what the accounts are used for but NOT Passwords) and other contacts like the kids' doctors and SSNs and stuff. I will also make photocopies of important documents and put them in plastic page protectors in the binder. I am looking into getting a fireproof safe or bag, but my head is spinning with the number of options, so if anyone has one they love let me know! Heavy for anti-theft, light for ease of grabbing in an emergency? Digital, combination, or key lock? What brand, where to store it? All of the questions! + +2. I will get us a digital PASSWORD MANAGER like Bitwarden, LastPass, Keepass, Dashlane, etc. I've been using the password manager on my iphone but I like the idea of it being accessible from other devices too, especially so it can update automatically if I have to change a password (yes I have at least one account where I am forced to change my password regularly- very annoying). + +3. I will bring in a THIRD PARTY and walk them through the binder and the existence of the password manager (I have many trustworthy options so I'm not worried about that). + +This will help me to feel so much better about the idea of what happens if I can't do it all anymore. As much as I HATE to think about this stuff (I was literally just up for four hours in the middle of the night thinking about it), it is so important to leave our loved ones with the best chance of the practical stuff going well if we die, because the emotional stuff is overwhelming enough as it is. Also, this discussion has made me realize how much I need to address this topic with my parents. + +A few more things. My husband's name is on all of our accounts so that is good. Yes I know he works too much. Believe me when I say I have tried everything to get him to give himself a break. Sometimes people are who they are. And lastly, some commenters suggested using Mint or similar to collect account and bidget info. I use YNAB faithfully every day, and you have made me realize how valuable that will be for my husband in the event he needs to know everything fast. I did log him in on his phone and show him how it works right after I started it, about a year ago. I don't think he has looked at it on his own since then, but I will remind him of his access to it. Almost all of our bills are on autopay since I mastered YNAB, so in the binder I will also leave info about the autopayments as well. + +EDIT #2: Thanks to those who suggested googling Erik Dewey. He has a FREE resource in PDF or excel form called “The Big Book of Everything.” I got the excel sheet this morning and I’ve already started filling it out. It’s extremely helpful. I will email it to my husband when I’m done (password protected), and also print it all out for the binder. + +EDIT #3: There is some doubt about how fireproof a safe can be. If you do use one, don’t put plastic (like page protectors) in it, because it will melt in a fire and ruin the papers (which can handle more heat). Also, definitely going to check out Everplans, which seems to be an interesting service. Digital backups of documents are important. +Good Morning Apes! + +So in this FTD clusterfuck we have been going through it should be noted that after today any FTDs from non-rolled futures contracts should be coming in. There is no precise measurement to accurately say how many FTDs this will generate and with CFTC no longer reporting swaps and forwards we cannot even determine the OI. + +But we do know that there is some evidence of the existence of GME futures (found by u/Zinko83) positions and many, myself included feel that these positions are used to obfuscate the true SI% on GameStop, and to maintain short/long positions on volatility. + +Many ETFs also use these futures contracts to balance their holdings. + +[https:\/\/www.thebalance.com\/what-are-futures-and-why-are-they-in-etfs-1214893](https://preview.redd.it/up5f62ehi9b81.png?width=714&format=png&auto=webp&s=931041a80ac8f3f34aa860e38d95f8972e2cfbab) + +Historically the 8-9 trading days between the futures roll and expiration date produce a significant spike in FTDs T+2+35c days later. Today is the first day of that period and while we cannot see the effects till the SEC FTD report is released for this period it is apparent that they failed to roll forward outstanding contracts in December. This same event produced similar effects last January 13th. + +These FTDs will pile on top of the underlying ETF and MM FTDs we are already experiencing. + +**You are welcome to check** [my profile](https://www.reddit.com/user/gherkinit) **for links to my previous DD, and YouTube Livestream Clips.** + +Historical Resistance/Support: + +116.5, 125.5, 132.5, 141, 145, 147.5, 150, 152.5, 157 (ATM offering), 158.5, 162.5, 163, 165.5, 172.5, 174, 176.5, 180, 182.5, 184, 187.5, 190, 192.5, 195, 196.5, 197.5, 200, 209, 211.5, 214.5, 218, 225.20 (ATM offering) 227.5, 232.5, 235, 242.5, 250, 255, 262.5, 275, 280, 285, 300, 302.50, 310, 317.50, 325, 332.5, 340, 350, 400, 483, moon base... + +# After Market + +That was some pretty serious capital thrown at keeping us under 130 into close. That amount of put buying and staying above 128 looks pretty good moving into tomorrow. With put spreads signifying bullish bets and IV skew continuing it's bullish trend, this doesn't seem like it will drag out much longer. If it was only GME I would say they could sustain this for a while but their attempt to keep the whole basket suppressed (as these same indicators are there as well), cannot be manageable. Thank you for tuning in, see you tomorrow. + +&#x200B; + +\- Gherkinit + +&#x200B; + +https://preview.redd.it/4e5s5wb4obb81.png?width=858&format=png&auto=webp&s=3f9ccf412bb99a80cff56da6fd7c8d09815b95a9 + +https://preview.redd.it/v73q1g0xnbb81.png?width=687&format=png&auto=webp&s=21b11f7e0a7294cc0935a0f752a487b8e8f673d3 + +Edit 6 2:04 + +large numbers of ITM puts being bought to prevent the breakout at 130 they are really fighting for it many of these coming in in the last hour. + +https://preview.redd.it/glnf3l1u1bb81.png?width=1167&format=png&auto=webp&s=7e34f03fa477a12ad5a5e28e81ea973cdd329fc1 + +https://preview.redd.it/p76izotx1bb81.png?width=1582&format=png&auto=webp&s=4f83a6df2a43900068eb332ded011964b7771f0d + +Edit 5 1:09 + +%day OI trend for GME thanks to u/Turdfurg23 + +https://preview.redd.it/9dq6qds7sab81.png?width=1411&format=png&auto=webp&s=371a98b3886ce9a44508891dd5e8cb029ca638c6 + +Edit 4 12:44 + +Just smashed through VWAP, yeah I know the volume isn't high but the price improvement is significant. If volume picks up a little bit we could see some nice upside on this bounce. + +https://preview.redd.it/5fpmz0jtnab81.png?width=1574&format=png&auto=webp&s=a0538774c6683a8a162b369dcf165429654213ef + +Edit 3 12:22 + +Low volume covering below resistance, same old same old + +https://preview.redd.it/k0akrwyqjab81.png?width=1580&format=png&auto=webp&s=e4322595d539e4697d7e7fc12076d8ecb6e4e251 + +Edit 2 10:50 + +A big drop along with XRT and the S&P, shares returned to Fidelity during the uptick and a fail to to break back above that resistance at 128. Call volume continuing to pick up. + +https://preview.redd.it/tehvhmxf3ab81.png?width=1567&format=png&auto=webp&s=dfa46672a1acb6428b8dd6e9bd2161924df75067 + +Edit 1 9:41 + +Borrow rate bumped to 0.8% for IBKR heavy short this morning, already not tracking with the rest of the basket. + +https://preview.redd.it/xhty6ev4r9b81.png?width=1561&format=png&auto=webp&s=7b719de8d0f0b29ba31a0f322aa309d1a7d45c79 + +# Pre-Market Analysis + +Nice uptrend starting in the premarket today beginning this morning, it looks like a big chunk of shares were borrowed from Fidelity so they my be getting ready to suppress any upside movement. A large chunk of the put walls were sold off yesterday relieving a bit of the downward pressure and retail /institutions alike continue to buy into far dated call contracts. + +Also CPI data this morning showing inflation at 7%, highest since 1982 + +Volume: 20.59k + +Shares to Borrow: + +IBKR - 45,000 @ 0.6% (25,000 this morning) + +Fidelity -109,890 @ 0.75% + +[GME 1m Pre-Market](https://preview.redd.it/dz63qi9ik9b81.png?width=1583&format=png&auto=webp&s=1d34e016ab361e479ec0f9d90b25c70948b21e7e) + +CV\_VWAP + +[Looks like arbitrage normalized in AH ](https://preview.redd.it/dg14hz5wk9b81.png?width=2454&format=png&auto=webp&s=bad68bb48d3d476736b9f838cf8ddda17353e9e8) + +TTM Squeeze + +Continuing to throw fire signals + +https://preview.redd.it/10y0m7e2l9b81.png?width=2457&format=png&auto=webp&s=c5ec60c32769978ebc834431aff3f916ff5d57c5 + +**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.* +My dad is retiring and leaving the US with my mom to a cheaper country. They are currently in the process of buying a humble property in said country. I moved back home last year after finding a job in my hometown that pays a pretty comfortable salary. Dad still owes about 90k on the house and wants to pass this on to me. I said I'm okay with this since the average starting price of a home in our area is $350k. Where do I start with this? Apply for a loan and refinance it? +&#x200B; + +[You're entering a world of pain, Glacier....](https://preview.redd.it/qn40diwq3rz61.jpg?width=868&format=pjpg&auto=webp&s=d011c6d075b8d9e6fe61b6e51c7a0581124b8428) + +&#x200B; + +Most of this shit is painful to read but here are a few snippets of how clueless or paid off these guys are: + +&#x200B; + +&#x200B; + +[FUD attempt #1](https://preview.redd.it/ovcmsgba4rz61.jpg?width=1170&format=pjpg&auto=webp&s=3bfba072450fa829f8262d22119562de0fe59413) + +&#x200B; + +The classic, "*Even the CEO is leaving, it must be a failing business"* narrative. Ryan-mother-fucking-Cohen. That is all. + +Sherman can stay on the board after he steps down as CEO, I don't care and neither should you. + +&#x200B; + +Speaking about their very loose and purposely uninformed definition of *"Retail Investors":* + +&#x200B; + +[Wow, just wow.](https://preview.redd.it/bjtlfhca5rz61.jpg?width=1170&format=pjpg&auto=webp&s=2494a2a98ec7aed30776e41961f71b45effb6d64) + +If I were the likes of u/atobitt u/rensole or any other wrinkle brains, I'd go ahead and be offended. + +&#x200B; + +More on them not knowing, or being paid to sound like an idiot, on Redditors: + +&#x200B; + +[Glacier: Where we try and make shit up for personal gain.](https://preview.redd.it/es1lps5d6rz61.jpg?width=1170&format=pjpg&auto=webp&s=b1995ab488631b0161cf5fad168c86e0bffd5c45) + +&#x200B; + +Information isn't *"exchanged"* here, assholes. It's publicly placed for public viewing. + +&#x200B; + +More bullshit: + +&#x200B; + +[Recruit new traders????????](https://preview.redd.it/4patwjuz6rz61.jpg?width=1170&format=pjpg&auto=webp&s=fb7c7f6a820f6f44e39f84f70460f5dbdb91ec6d) + +&#x200B; + +Actually we all just like the stock. Only think I recruit is my wife to allow me to dig into more savings. + +&#x200B; + +Why stop being idiotic there, Glacier. Give me more please, can you explain to me how a squeeze works? + +&#x200B; + +[Ummmmmmm](https://preview.redd.it/1mthbmzk7rz61.jpg?width=1170&format=pjpg&auto=webp&s=65d0b3921eb5f039dd7c0e7b5b890aecdd34b586) + +Actually all I know is fundamentals now. Short interest, float percentage, institutional ownership, raw beta, OBV, VIX, MACD, yada yada yada. Thanks for asking. Anything else you want to teach me about a squeeze? + +&#x200B; + +[Sheesh.....](https://preview.redd.it/qkdpl3cm8rz61.jpg?width=1137&format=pjpg&auto=webp&s=c0c010f9a7fb8e9e5866799096367b4c05f1a150) + +Art? I fucking hate art. If I had an expensive piece I'd sell it for more moon tickets. + +&#x200B; + +And Glacier, while you're at it, why don't you spit out some lies about GameStop the company as well, take it easy on retail investors: + +&#x200B; + +[BAHAHAHAHAHA](https://preview.redd.it/e8za6o849rz61.jpg?width=1170&format=pjpg&auto=webp&s=1579f486c55ec779cf3e37dc38b9b469dc0d0c7f) + +&#x200B; + +I'm sorry, how much is the gaming/esports/e-commerce industry worth again? How are stores being revamped again? Glacier apparently missed the memo on Ryan's brick-and-mortar transformation. + +"...*lost several key people".* Yes. And replaced them with an absolute **DREAM TEAM** of board members. Somebody should update Glacier on what happened with Chewy. Last I heard they beat some company called Amazon in the pet supply industry. + +&#x200B; + +And lastly: + +&#x200B; + +[I believe you're an idiot.](https://preview.redd.it/xdd3oroj9rz61.jpg?width=1170&format=pjpg&auto=webp&s=0231dc7e37b86640adee3d9fd56e3f92316d0486) + +&#x200B; + +How about... (sentence continues below) + +&#x200B; + +[\(Not from their Investor Letter Obviously\)](https://preview.redd.it/58u8bfl1arz61.jpg?width=1170&format=pjpg&auto=webp&s=38e03341f08900b372846815d4ba3527dad94f0a) + +.....REGULATING THE PEOPLE WHO MANIPULATE THE MARKET?!?!?!?! + +Conclusion: Glacier is full of shit. Probably supplying truckloads of Hellman's into Chicago. + +Buy. HODL. Repeat. Vote. +Canada’s telecom regulator will force the Big Three national wireless carriers and SaskTel to sell access to their networks to regional competitors who commit to building their own network infrastructure. + +In a highly anticipated decision aimed at stoking competition in the wireless market and encouraging capital intensive network building, the Canadian Radio-television and Telecommunications Commission says the rates will be negotiated between the parties, with final offer arbitration available if they cannot come to an agreement. + +Regional carriers who own licenses to spectrum, airwaves used to transmit wireless signals, in the relevant area will be able to access the service for seven years. They will also have the option of reselling their wholesale access to resellers known in the industry as mobile virtual network operators. + +The commission said its aim is to increase competition in the Canadian wireless market while encouraging network expansion. + +“While there are encouraging signs that prices are trending downwards, we need to accelerate competition and more affordable options for Canadians,” Ian Scott, chair and CEO of the CRTC said in a statement Thursday. “Equally important is ensuring that wireless providers continue to invest in their current networks and build out their 5G networks. The competitive model we are introducing today will result in greater choice and cheaper mobile wireless services for Canadians, who rely on their smartphones now more than ever.” + +The decision comes after months of deliberation as well as public hearings. The CRTC heard from a diverse range of stakeholders – including national wireless carriers, regional telecoms, independent providers and consumer advocacy groups – on the issue over the course of nine days in February 2020. + +During the hearings in Gatineau, consumer advocates and independent telecommunications service providers argued that forcing the national carriers to rent out capacity on their networks to competitors without their own infrastructure – known in the industry as mobile virtual network operators, or MVNOs – would create more competition and lead to lower prices. + +Canada’s three largest telecom companies – BCE Inc.’s Bell Canada, Rogers Communications Inc. and Telus Corp. – have opposed such a policy, arguing that it would dissuade them from investing in their networks and slow the rollout of 5G wireless services. The CRTC’s preliminary view was that the benefits of mandating MVNO access would outweigh the risks. + +Industry observers have largely been predicting that the regulator will find a compromise solution, such as the ones proposed by the Competition Bureau and Cogeco Communications Inc. + +The Competition Bureau’s proposal + +Opening up national wireless carriers’ networks to resellers must be done carefully in order to avoid hurting regional carriers such as Shaw Communications Inc.’s Freedom Mobile, Quebecor Inc.’s Videotron and Bragg Communications Inc.’s Eastlink that have been driving down prices, the Bureau said in its submission to the CRTC. According to the Competition Bureau’s analysis, wireless prices are 35 per cent to 40 per cent lower in markets where regional competitors have reached a market share above 5.5 per cent. + +The Bureau recommended forcing national carriers to sell access temporarily to regional competitors who are looking to expand their networks. Such a system would allow the regional carriers to generate revenue while building out their own infrastructures. Access would be limited to existing mobile carriers who already have spectrum, air waves used to transmit wireless signals, and would give them five years to build out their own wireless networks. MVNOs that fail to meet their investment commitments would face financial penalties. + +A hybrid MVNO model + +Cogeco Communications Inc. is also in favour of mandating access to the national carriers’ networks, as its efforts to negotiate commercial agreements with the telecoms have been unsuccessful. However, Cogeco is opposed to the Competition Bureau’s model, arguing that it is overly narrow in determining who would be eligible as an MVNO. + +Cogeco’s proposal, referred to as the hybrid mobile network operator, or HMNO, model, would give telecoms with wireless or wireline (internet and television) infrastructure access to the national carriers’ radio access networks at regulated prices. The model would essentially allow HMNOs to roam on the national carriers’ networks in areas where they already have some infrastructure – on the condition that they continue to invest in their own networks. + +Unlike the Competition Bureau’s proposal, access would not be limited to five years or to current wireless carriers. Cogeco said in its submission to the CRTC that the model would boost competition by making it easier for companies such as Cogeco to get into the wireless business. That would in turn translate to lower prices for consumers. + +https://www.theglobeandmail.com/business/article-canadas-telecom-regulator-to-force-national-carriers-to-sell-access-to/ +Hi Reddit, I’m fairly new to investing and I’m wondering if someone can give me some insight on withholding tax in a TFSA. + +I understand that holding US stocks in a TFSA would subject me to a withholding tax on any gains or dividends, but would that also apply if I’m holding a Canadian dividend ETF which has some US exposure? Specifically the ETF I’m looking at is ZMI, BMOs monthly income ETF. It’s got about 38% US allocation and 25% global allocation. But it’s a Canadian ETF trading on the TSX in CAD. + +Should I be focusing on ETFs with entirely Canadian exposure? Or am I looking at this the wrong way? Can you recommend alternatives to ZMI I can look into to minimize or eliminate withholding tax? + +Any advice is appreciated +I hold BAM but also AQN, REI-U, RY, MFC + +I went through the investor day presentation and thought to myself: Why not only hold BAM (or BN from now on) + +It represents asset management, insurance, real estate, renewable energy, utility. Why am I holding all these other companies when BAM has a 15/17% CAGR and aims at keeping it this way. + +What's the downfall? Diversification? Heck isn't BAM super diversified within itself? + +Any thoughts? +Just a few thoughts about today, from someone who knows very little about investing. + +&#x200B; + +We've seen the sudden spikes in several stocks. Some of us have made bank, some of us have sat on the sidelines wishing we bought (me). + +&#x200B; + +FOMO is being pushed everywhere. Twitter, Reddit, Facebook, News, etc. + +&#x200B; + +For those who are on the sidelines (like me), here are are some of my observations. + +&#x200B; + +Besides some of the major hedge funds, the losses retail investors have endured these last 24 hours aren't being reported. Not everything is a cake walk. + +&#x200B; + +We're in a new era of investing. I personally think we'll see a new FOMO stock pop up once a month. November was TSLA, December was BITCOIN, this month was GME and BB, next month it WILL be something else. Do your research, go through WSBs and actively follow influencers on Twitter. + +&#x200B; + +Lots of great deals to be had. Today was a mostly red day, that means lots of great stocks are at a discount (IMO). CNR, AAPL (how did they not blow up after earnings?!), etc. + +&#x200B; + +Time in the market > Timing the market. Yes, people are making HUGE gains (and good for them) but it's not sustainable. Some will end up losing all their gains, some will make more, some will break even. Stick to your strategy (but, it's also OK to adapt). + +&#x200B; + +Some of us missed this ride, but there will be many, many, many more opportunities. Yolo. +Trying to settle my father's estate after almost 4 years (yes, you read that right). I wont go into too many details but it has been a fucking never-ending nightmare. + +I am one of 4 siblings who inherited my father's house. One of my brothers has been living there rent free for 4 years and is prepared to buy out my share (finally). He owes me 22,500 so all together he needs 67,500 to buy the others share also. + +The bank told him he needed a co-signer since he doesn't have enough lines of credit. Hes had a well paying job for many years and no debt. He tried to get our grandmother to co-sign who was prepared to and in good financial standing but the bank turned her down because of her age even though she has the money. + +What are his options now? I want this shit to be over with so badly I could fucking scream. If you have never been involved in a drawn out estate war with backstabbing relatives then thank your lucky stars because it sucks. + +Anyways, any info would be greatly appreciated +E4: TIL that enabling users to set their own flair is not the same as allowing individual users to edit their flair. Wtf Reddit. Everyone try again! + +E3: I have summoned u/bah2o The Great to see what they can see and help who they can help. Anyone having issues, please hit them up, for I am as useless as SEC fines when it comes to troubleshooting this stuff. Thanks in advance for your patience 🙏 + +E2: Ok, y'all should be good to go! Again, apologies for the delay 🙏 + +E: Please stand by. Im having technical difficulties. Apologies. + +[DRS POST](https://www.reddit.com/r/Superstonk/comments/ptvaka/when_you_wish_upon_a_star_a_complete_guide_to/?utm_source=share&utm_medium=web2x&context=3) + +&#x200B; + +Howdy apes! u/Bradduck_Flyntmoore here! One of the many bits of feedback from my New Year, New gMe post was regarding apes being able to give themselves custom flair. There were many of you whom thought we should do Flair Fest again, and so, it is with great pleasure that I am announcing Flair Fest v2! + +&#x200B; + +**Starting today, at market close, we will be turning on the ability for individual users to set their own flair. Apes will then have 72hrs to give themselves the flair of their dreams. Like last time, and for those of you who are new or don't recall, there are a few rules:** + +**1. If automod would normally remove a word you put in your flair, it is not allowed.** + +**2. Please keep the profanity tasteful.** + +**3. If your flair breaks other sub rules (FUD, shilling, harassment, etc.), it is not allowed.** + +**4. Anyone found in violation of the Flair Fest rules will receive a 3-day tempban.** + +**5. Have fun!** + +&#x200B; + +Mobile Flair Editiing 101: + +1. Tap the three dots in the top right corner of Superstonk’s main page + +2. Tap “Change User Flair” + +3. Select a flair to edit and tap “Edit” in the top right corner + +4. Pick the color template you’d like to use and tap the arrow to enter the editing screen + +5. Enter the desired flair, using up to 40 characters/emoji to make it all yours + +6. Tap “Save” + +7. Bask in the glory of your new, custom flair! + +&#x200B; + +PC Users: go to Superstonk’s main page and click “Community Options” on the far right. Change your flair selection to “Custom” and type what you want. Save and enjoy! + +&#x200B; + +I look forward to seeing what sort of creative flair y’all come up with this time around! Enjoy! 🚀🌙 +This may be a hot take, but I just thought I'd toss the idea out there. + +The primary driver of the inflation we're seeing isn't poor policy, it's corporate greed. + +Over the last 2 years workers have gotten a wake-up call about what a livable wage really is. They saw their income actually go up when they went on unemployment. And they realized that they were being taken advantage of by their employer. So when they went back to work demanding a higher wage, employers just passed the increase on to the consumer rather than eat the increase and suffer lower profit margins. + +We don't live in a democracy. We live in a plutocracy masquerading, as a republic. We are first and foremost, a capitalist society, and policy only serves the interest of the wealthy. + +And just to drive home this idea of corporate greed being the primary issue, I know of very few firms that turned down the PPP loan. A lot of people have complained about the 1.9 trillion dollars that were injected into the economy. But a large portion of that wound up funding "small businesses" that were only marginally affected by the pandemic. +I’m fairly new to the RE Investment business and to this sub as well. I have been lurking the posts in here for about a day and I became very curious as to how you all got your starts. I really wanted to share my start, and get feedback from more experienced investors, so it works out great. + +Where did your starting capital come from? What type of property did you purchase? How old were you? Etc. + +I’ll go first. + +I started my business this year at age 20. It consists of me and a longtime friend of mine who has a real estate photography business of his own. We are looking to focus on wholesaling and minor flips from foreclosed properties. A majority of the starting capital came from my and my life savings. I have been working and saving since I was 15 for this opportunity (I watched a lot of HGTV). I won’t mention exacts, but we started with less than $45k. We purchased our first property (single family 4bed 2bath) in October, and am currently in the process of selling it for a $30k profit. I know it’s nothing too crazy, but enough capital to increase that margin for the next property! + +I look forward to hearing the other responses. I am more than excited to finally achieve my goal of being a real estate investor. +Hi, + +I've seen a couple posts complaining about new rules in California & other states. + +Thought you might like a quick overview of rentals in my country. + +It's **illegal** to specify late payment fees. After a couple late rent, maybe you want to evict? Well you can't until the end of the lease. (usually 3y here). + +What about kicking tenants out if they refuse to pay? It's a 18 to 24 months (with incompressible delays) process with a cost (to the landlord) of 3 - 5k€. + +Signed a 1k/m 3y lease and the tenant stopped paying 6 months in? You're out of 30k and good luck getting them back. + +So maybe what you really need to do is thorough background checks? + +It is illegal to ask: + +* credit report (can't ask if the person has ongoing loans, CC, ...) +* whether they paid (on time and in full) during their previous lease (can't ask for a proof, can't ask previous landlords) +* whether they are on a national file for late payment/bounced checks/... +* whether they have a **criminal record** + +You can ask for: an ID, their latest pay stub (or equivalent). + +Obviously rent is capped in many cities. + +&#x200B; + +I don't know how people make profit here beside flipping (with a nice taxe if you sell within 15y of buying). + +&#x200B; + +Welcome to communist France... +I'm starting to think I was wrong about sitting on half cash. But I want to hear what you think. I didn't expect Ukraine to start rolling up Russia so soon. What do you see happening to US stocks in the event of a nearby Russian defeat? +Saw this thread on another Reddit thread and was curious how people did it in Australia. I have 10k set aside as an emergency fund in a savings account but there might be a smarter place to put it? What does everyone else do? +World cases of Coronavirus cross 200000. +The outbreak is spreading rapidly and cases have gone exponentially up in the last couple of days. At this time Europe is considered the epicenter with most new cases coming out of here. This is why EU countries will be shutting their borders to prevent people from moving around and spreading the virus. In the USA, all of the 50 states have also confirmed cases. +All of this bad news is hitting the markets hard. China and Japan had the smallest impacts last night with their stock markets down less than 2%. South Korea was the worst performer from the Asian markets, down 5%. Europe is still trading while this article is written at 8AM ET, but all markets are in the red around 4-5%. +The US stock futures are limit down and the ETFs are pointing to an implied open of around -6%. Oil had a bad night, down 6% and trading now around 25$. +If Europe is a guide, there will be stricter measures coming to the USA as more and more videos of people parting and going out pop up on the internet. This will further drag the stock market downward. + +At the open I expect a decline and we probably will hit the circuit breaker at 7% for the S&P. This could be an intra-day opportunity since every time we have had the 15 minutes break, we sow an upward move. I would not get in the market at the open, leave the dust settle, if we hit a breaker, wait for the break and after it you can come in and Buy. As always keep your take profits and loss limits smaller, do not stay in open positions for a long period of time, take advantage of the break and get out. Sadly there is still a ways down before markets start going up. +Good luck! +Switch from FlexOne to Nationwide FlexDirect (join bonus £125) + +Leave nationwide for Santander (pay in £1000 for £140 bonus) + +Leave Santander for Lloyds platinum account (£21 fee but £150 reward) + +Leave Lloyds for First direct (pay in £1000 for £140 bonus) + +Leave FirstDirect for Natwest (pay in £1250 for £150) +Get Natwest Digital Regular Saver and pay in max per month (+change round-up) +&#x200B; + +https://preview.redd.it/ghy28hc94xd71.png?width=1600&format=png&auto=webp&s=3bafbd75eb9a8915ab07d8a92f2358b183368798 + +Good Morning Apes, + +S&P400 midcap, GME CEO, SEC chair GG, NSCC-2021-011 There are quite a lot of interesting news today. + +https://preview.redd.it/qhtjdmfi4xd71.png?width=680&format=png&auto=webp&s=4b5dfa5be4f2e37f64c4781aad07904254038474 + +&#x200B; + +# [🔴Daily Reverse Repo Update 07/27: $927.419B🔴](https://www.reddit.com/r/Superstonk/comments/osr7xz/daily_reverse_repo_update_0727_927419b/) - [u/pctracer](https://www.reddit.com/user/pctracer/) + +[credit to u\/pctracer](https://preview.redd.it/dzyvp5at3xd71.png?width=960&format=png&auto=webp&s=42835bd6bd7d4d02e759a546d8f8a51668e5eb77) + +&#x200B; + +# [BREAKING NEWS: GameStop to join the S & P MidCap 400 effective Aug 4th, 2021](https://www.reddit.com/r/Superstonk/comments/osvo7b/breaking_news_gamestop_to_join_the_s_p_midcap_400/) - [u/RhinoS7](https://www.reddit.com/user/RhinoS7/) + +[credit to u\/RhinoS7 ](https://preview.redd.it/mchc66fw3xd71.png?width=960&format=png&auto=webp&s=b7445e6bdabb515d155aae02ab7d86cd34446117) + +&#x200B; + +[Study from Texas A&M on how announcements for joining the S&P400 FROM the S&P 600 affects a Stock!! Things might get fun tomorrow 🚀🔜](https://www.reddit.com/r/Superstonk/comments/ot11fe/study_from_texas_am_on_how_announcements_for/) \- [u/Insahnitee](https://www.reddit.com/user/Insahnitee/) + +[credit to u\/Insahnitee](https://preview.redd.it/0oaoxe0rvwd71.png?width=960&format=png&auto=webp&s=0e0a65fc5333d93c91a527abacac9429e09d681c) + +Expect price movement in the near future and if it doesn't then that would be even more interesting. + +&#x200B; + +# [CEO introducing himself to GameStop- I like his message about his plan with the company. “Technology led retailer”](https://www.reddit.com/r/Superstonk/comments/osus09/ceo_introducing_himself_to_gamestop_i_like_his/) - [u/CGabz113](https://www.reddit.com/user/CGabz113/) + +[credit to u\/CGabz113](https://preview.redd.it/jxfykkn90xd71.png?width=828&format=png&auto=webp&s=73d75bc1edc65873d8ad42231f827040d29d520a) + +Sounds like we will be getting some t-shirts in the future. + +&#x200B; + +# NSCC-2021-011 Rule change filing + +[Rule Alert! NSCC PROPOSED RULE CHANGE FILING – TO REMOVE ID NET TRANSACTIONS FROM REQUIRED FUND DEPOSIT CALCULATIONS (SR-NSCC-2021-011) how transactions processed through the ID Net Service are handled following a Member default.](https://www.reddit.com/r/Superstonk/comments/osqksh/rule_alert_nscc_proposed_rule_change_filing_to/) \- [u/Dismal-Jellyfish](https://www.reddit.com/user/Dismal-Jellyfish/) + +IlluminatiKev says in the comments "[Essentially, they used to be able to lump in institutional trades with normal trades through this ID Net Service, to expedite settlement AND to add the value of those institutional trades to their collateral calculation, but now they won’t be able to add those values to the calculation & will need more collateral (!)](https://www.reddit.com/r/Superstonk/comments/osqksh/rule_alert_nscc_proposed_rule_change_filing_to/h6qj8wg?utm_source=share&utm_medium=web2x&context=3)" - comment by [IlluminatiKev](https://www.reddit.com/user/IlluminatiKev/) + +&#x200B; + +[NSCC-2021-011 | Remove ID Net Transactions from the Required Fund Deposit Calculations and Make Other Changes to the Rules](https://www.reddit.com/r/Superstonk/comments/osw071/nscc2021011_remove_id_net_transactions_from_the/) \- [u/Horror\_Veterinar](https://www.reddit.com/user/Horror_Veterinar/) + +Horror\_Veterinar goes more into what this filing means " The main purpose of this filing is to ***MORE ACCURATELY DETERMINE THE RISK WHEN THE NSCC MUST LIQUIDATE PORTFOLIOS DUE TO MEMBER DEFAULT*** " it's a relatively easy read so give it a look. + +&#x200B; + +# [DTC-2021-014 | Settlement for SFT Services | Risk Control Management](https://www.reddit.com/r/Superstonk/comments/osqhgf/dtc2021014_settlement_for_sft_services_risk/) - [u/Horror\_Veterinar](https://www.reddit.com/user/Horror_Veterinar/) + +Horror\_Veterinar have looked at the new DTC-2021-014 filing enough to make another post, that said it's way beyond me. + +&#x200B; + +# [I CAN'T HEAR YOU: Closed with 1.15 Mil volume! HIGH SCORES coming in left right and center baby!](https://www.reddit.com/r/Superstonk/comments/osuqt3/i_cant_hear_you_closed_with_115_mil_volume_high/) - [u/edgar510](https://www.reddit.com/user/edgar510/) + +[credit to u\/edgar510](https://preview.redd.it/yv7x01u24xd71.png?width=804&format=png&auto=webp&s=076950c4d9c791d5bd91c111cdd169c1a087d85c) + +&#x200B; + +# [As SEC Chairman Pushes His Attorneys, Some Are Choosing the Door | Law.com](https://www.reddit.com/r/Superstonk/comments/osm7u2/as_sec_chairman_pushes_his_attorneys_some_are/) - [u/SG\_Retard](https://www.reddit.com/user/SG_Retard/) + +Sounds like Gary Gensler is forcing the sec attorneys to harden up and do proper work which ofc some of them don't like and chose to leave instead, I think this is the first piece of news that shows that Gary Gensler is actually doing something at the sec. And we can probably assume a big reason that it's taking so long is because there is probably a big pushback from the senior management. + +&#x200B; + +# [Gamestop NFT new URl points to potential trading of games via IPFS](https://www.reddit.com/r/Superstonk/comments/osmrh0/gamestop_nft_new_url_points_to_potential_trading/) - [u/Vertigo\_uk123](https://www.reddit.com/user/Vertigo_uk123/) and [u/hooper359](https://www.reddit.com/u/hooper359/) + +hooper359 have been looking at GameStop subdomains and have found a new one ipfs.nft.gamestop.com he and the comments go into what ipfs means and the possibilities for it. + +&#x200B; + +# [Level Up - GME moving into the S&P500 could happen soon](https://www.reddit.com/r/Superstonk/comments/osnbhb/level_up_gme_moving_into_the_sp500_could_happen/) - [u/Latespoon](https://www.reddit.com/user/Latespoon/) + +GME qualify for all requirements except one to join the S&P500 and that is to have four consecutive quarters earnings net income and if GME posts any positive earnings this quarter then they qualify for it, that said the S&P500 committee needs to decide if GME should be allowed to join but Latespoon thinks it's quite likely that they will let GME in, this could possibly have a big positive effect on GME's stock price so if you have something that you want to buy go and check if GameStop is selling it to give them better earnings. + +&#x200B; + +# [GME Is Micro-Gapping During Trading Hours... There's No Liquidity To Fill a Spread...](https://www.reddit.com/r/Superstonk/comments/osoibk/gme_is_microgapping_during_trading_hours_theres/) - [u/ThatGuyOnTheReddits](https://www.reddit.com/user/ThatGuyOnTheReddits/) + +Due to the volume when someone buys or sells... the price change is increasing, basically, when someone buys (or sells) instead of the price going from 179 to 179.2 it's going from 179 to 179.8 (imaginary numbers) and while this has apparently been going on for some time now, it's really starting to get noticeable. + +&#x200B; + +# [UPDATED | NSCC-2021-002 has the SHF against the ropes. The next run-up may trigger the MOASS.](https://www.reddit.com/r/Superstonk/comments/osurpl/updated_nscc2021002_has_the_shf_against_the_ropes/) - [u/humanisthank](https://www.reddit.com/user/humanisthank/) + +humanisthank goes over the NSCC-2021-002 a little and the effects it is having and some speculation. + +&#x200B; + +I have finished the system for the Daily stonk group and have contacted a couple of people that have shown interest in helping out, I don't know when it will start but I'm hoping for a test run for Fridays post. + +And while I have been creating the system I realized I have delegated enough work to others and made it fluid enough that I could probably act as the editor/poster and keep on posting it, I probably won't get too involved in making the synopsis for the posts or finding posts but I can format it and ensure that the quality stays high. That said once I post The Daily Stonk I probably won't be able to interact with it if something happens or interact with the comments for 13 hours till I get home. + +&#x200B; + +We will probably need 1 or 2 more people to help write the synopsis for posts, If you'd like to help slide me a dm, ideally if the system works as hoped you shouldn't have to devote more than 1 hour per normal day (or we might have to find more people) + +&#x200B; + +https://preview.redd.it/8hix7q466xd71.png?width=554&format=png&auto=webp&s=eb305b187c0538429934913bc42ec29d5d3d8e31 + +EXCELLENT! + +Be friendly, help others! + +As always we are here from all different walks of life and all different countries. + +This doesn't matter as we are all apes in here, and apes are friends. + +Doesn't matter if you're a silverback a chimp or a bonobo. + +**We help each other, we care for each other.** + +**Ape don't fight ape, apes help other apes!** + +This helps us weed out the shills really fast, as if everyone is helpful, the ones who aren't stand out. + +Remember the fundamentals of this company are great, so for the love of god if someone starts with trying to spread FUD, remind yourself of the fundamentals. + +There is no sense of urgency, this will come when it comes, be a week, be it a month be it six. + +**We don't care, just be nice and let's make this community as Excellent as we can!** + +Remember one of the only ways to counter the Cointelpro we have seen is by being overly nice, so treat all the other apes as if you're dating and you wanna get to first base. + +Don't try to exploit your fanbase, this would also be excellent! + +Remember none of this is financial advice. + +If anything happens throughout the day we will be adding it here. + +Backups: + +[https://twitter.com/ByeTriangle](https://twitter.com/ByeTriangle) + +[https://twitter.com/BradduckF](https://twitter.com/BradduckF) + +[https://twitter.com/ButtFarm69](https://twitter.com/ButtFarm69) + +Edit removed/changed part of my "[CEO introducing himself to GameStop- I like his message about his plan with the company. “Technology led retailer”](https://www.reddit.com/r/Superstonk/comments/osus09/ceo_introducing_himself_to_gamestop_i_like_his/)" comment. + +Edit mistook S&P midcap 400 with S&P500 so I fixed some misleading comments. +Aside from the earning dumb a few weeks ago. Why is the share price collapsing these couple last days? Was there a new revelation that I didn't know about? +I currently have an LRSP with funds unavailable to me for the next 30 years. I contribute regularly to an RRSP but not to this LRSP. Currently, I'm holding 100% VEQT in it. I created a potential portfolio of solid paying dividend stocks with the idea that I can DRIP in an attempt to replace regular contributions and acquire more shares. Does this make sense to any of you or would it be smarter to continue holding the ETF? +People who are on the fence do not have the same convictions and beliefs that we all have and will paperhand at 2x profits. They will do nothing but hinder the MOASS in the long run. + +I understand that you want your cousin’s uncle’s best friend to be wealthy beyond their wildest dreams, but they haven’t been through what we’ve been through. Our apehood goes beyond anything they could ever comprehend, so they can’t have the same convictions we have. + +I love every single one of you retards and I’m glad to be on this journey with you. But please for the love of Harambe, stop trying to recruit people to the cause, it won’t end well when you held for 10,000,000 and they got out at 400. + +Thank you for coming to my ApeTalk. 🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀 + +EDIT: + +Adding a comment as a lot of people seem to think this is FUD. Just because you don’t agree with a post that is flaired as OPINION does not mean it’s FUD or I’m a shill. + +I’m a XX holder since January, when I bought my first shares for 348, and then I bought more at 256, and then 90, and then 165, and finally just recently bought at 138. I’m in this for the long haul. I wrote this post a little hastily since I’m at work, and maybe didn’t word everything correctly in a way that’s clear and concise. + +Recruiting your family and friends is extremely dangerous. Once you do so, you, and you alone, shoulder the responsibility of their investment. It doesn’t matter that they have free will and invest at their own risk. They will forever associate YOU as the risk. They are taking a chance on YOU, not GME. If you convince your mom to invest and she throws 50k at it, and 2 weeks later ole Kenny G decides to flash crash it, and your mom panic sells for a 40% loss, how are you going to feel? How do you think she feels about anything you ever tell her about ever again? + +BE FUCKING CAREFUL. That is the message I’m trying to get across to you all. Please bring in more buyers and holders, just be careful and be excellent to each other. ❤️ +Hi all, I am thinking of investing in insolvency firms. So far, I've found Begbies Traynor Group (BEG), Manolete Partners (MANO) and FRP on the AIM. What are your thoughts on these firms, or do you have any other suggestions? I think there will be a lot of businesses going into liquidation by end of 2021 after Rishi's cash runs out, and want to diversify into this area. Thanks! +Bypassing almost every FDA protocol , Trump is reportedly intending to fast track the AZN vaccine to help him win the election. + +Interesting to see what this does to the share price this week, has been stalling as of late. + +>Trump considers fast-tracking UK Covid-19 vaccine before US election https://on.ft.com/2FRbUej +Investing has been an interest of mine for a while, I have finally taken some baby steps in getting the ball rolling (opened a HL acc last week) although I’m wondering whether I’m doing it at the wrong time? + +Brexit is ‘apparently’ going ahead at the end of this month. Is anyone on here removing some or all of their investments until they see what happens off the back of Brexit? + +Another question I have is... are there any companies I can turn my attention on that may benefit off of the success of brexit? + +Thank you. +Use this thread to share your portfolio, purchases, sales, ideas, concerns, and anything else! + +This thread is also for asking questions about which is the best broker for you, which broker offers \[feature\] and other basic questions about platforms and their functionality. +So you guys probably all realise Bitcoin is hitting all time highs. So the last crash a few months ago, I opened a spreadbet with IG @ 3700 for 2 pounds a point. I closed this position at around 3900 for a 500 quid profit. + +Had I held on to it, my position would be worth £12,000 x 2. Just thinking about this missed opportunity makes me sick. + +What also makes it worse is that as soon as I close the above position, I shorted bitcoin, ending up with bigger loss than the 500 I made. + +TIFU/FML +Hello all, + +I'm now in a position to start investing some money each month. + +I have the standard pension and my wife is self-employed so doesn't have any pension at the moment. I have 2 children, 1 has a CTF account but my youngest doesn't have anything. + +I've opened 2 accounts on HL, an ISA and also a Children Trust Fund account. I'm looking to invest £300 a month, £200 in the ISA and £100 in the CTF account. I'm looking at some ETF's with auto investments turned on. + +I'm looking for advice on the ETF's I've selected, does anyone of any experience with them or what are your thoughts on them? + +[**Baillie Gifford British Smaller Companies**](https://www.hl.co.uk/funds/fund-discounts,-prices--and--factsheets/search-results/0593135) + +[**Baillie Gifford Long Term Global Growth**](https://www.hl.co.uk/funds/fund-discounts,-prices--and--factsheets/search-results/BD5Z0Z5) + +[**LF Ruffer Total Return**](https://www.hl.co.uk/funds/fund-discounts,-prices--and--factsheets/search-results/B80L7V8) + +Any advice would be great. +# About me + +My Apes. My first GME purchases just graduated as long-term investments. I've since YOLOed and DRSed 100% of my shares. The corruption we've uncovered here makes me sick and embarrassed as an American. I bought my first house in 2007 and saw first hand the destruction these financial terrorists create and I'm not about to sit aside as they drive good people into the ground financially again. + +I'm convinced the rich buy politicians to write loopholes into law so they can fleece anyone and everyone. + +# The GME DESIGN HIVE + +The GME Design Hive is meant to distill our best DD into digestible and irrefutable media apes can share to generate awareness of what we know. I believe the more people who know, and the more they know, the less options the shorts and their friends have. + +Here is a little more explanation of what I'm kicking off: [https://www.reddit.com/r/Superstonk/comments/s9kall/solution\_proposed\_this\_morning\_got\_me\_so\_fired\_up/](https://www.reddit.com/r/Superstonk/comments/s9kall/solution_proposed_this_morning_got_me_so_fired_up/) + +# Let's see if the HIVE is as good at disseminating information as it is at collecting it. + +If you want media to share, request it. + +If you have design talents or video editing talents or any other talents we could use you. Even people with no talent can review media for understandability. + +This project is organizing in an anonymous Google spreadsheet, so be sure to use a throwaway google account. + +[https://docs.google.com/spreadsheets/d/1V7eKL\_XM6LzTCJZDkbHOzHO\_PsuOn3EHw3ttf6G1-sI/edit#gid=639257683](https://docs.google.com/spreadsheets/d/1V7eKL_XM6LzTCJZDkbHOzHO_PsuOn3EHw3ttf6G1-sI/edit#gid=639257683) + +Feedback is always welcome. +This is a place for options traders to grow and find new methods of trading options that better fit their risk profile and goals. If you’re going to post, “is spy 5/20 690c a good trade” you better post your exact reasoning as to why you chose that ticker at that strike. Fundamentals, technicals, literally any reason. This isn’t WSB. If you’re not posting your exact reason for wanting to make the trade, you’re just looking for confirmation bias. + +Edit: Everyone who says no, have fun not learning how to trade options effectively. I’m happy to keep taking your premium +Almost four years ago I began truck driving across the country at the age of 24. I’m 28 now, with a net worth of roughly $275k. I had an initial goal of $250k to guarantee coast Fi with a projection of $2m by 58. + +A lot has changed since my last post and I still get a lot of messages from people wanting to learn how to replicate what I am doing and if it’s still possible. The answer to both questions is yes. I will briefly describe where I’m at now and my future plans. + +I no longer drive over-the-road (OTR). I’m a local driver and no longer homeless. After this next paycheck that is about to post, I would have earned $52,500 YTD. I’m averaging about $4,375 bi-weekly. I should easily clear about $110k or higher, plus a 8% 401k match. So total comp around $120k +/-. + +My expenses are higher now then they were three years ago as I am paying rent, enjoying the fruits of my labor more and taking international vacations. But I still max out my 401k, IRA, HSA, ABLE accounts and save a little more in the brokerage. About $60k a year is what I want to save at a minimum. + +In 2 years, or about at the age of 30 I plan to partially retire. Let me explain, I hope to have about $500k at 30, which I won’t touch at least until 50. But I still have an urge to work a little because of all the years of compounding interest still ahead of me. Equally, the other half of me wants to enjoy his youth. So I will take one year off, work for one year, take another year off and repeat until the age of 40. 5 years of working, while taking 5 “gap” years or sabbaticals. Why? Because I want to max out my 401k, ABLE & IRA for every year between the ages of 30-40. I can make 100k a year easily. So if I work from July—July, I would have earned $50k every year for the next 10 years. $43k saved in tax advantaged accounts, after 10 years I should net around $600k+ with interest added in from these 5 years of working. So by 40, hopefully 1.6m total NW. + +During the “gap” years I will spend time with my family, travel long term internationally (slow round the world travel). I want to experience other cultures, learn new things, new languages and focus on my health. I’ve had a few surgeries the past year, nothing serious but I want to watch myself and focus and my general well-being. I’d plan on budgeting around $3,500 per month during each gap year. I receive disability compensation from the government from when I was in the military. I also have child support payments that has to be paid monthly, otherwise I’d be able to budget $5-6k during the gap years. I will also be homeless again in two years and carless, maybe just a storage unit and my phone will be my only other reoccurring expenses. My working 1 year intervals will be OTR (living in the truck) to minimize expenses. + +So robots are still not close to putting me out of work, as is always mentioned from people outside of trucking and won’t be for the long foreseeable future. The truck driver “shortage” is larger than ever. Really it’s a pay shortage, but anyway, it’s easier then ever to earn over $100k as a truck driver. It’s better to specialize; hazmat, refrigerated, tanker, oversized etc. almost anybody can get all the qualifications and be licensed to start working within 60 days. + +Also I’d urged anybody who has been diagnosed with a significant disability before the age of 26 to learn about the benefits of an ABLE account. It’s geared towards SSI recipients but anybody who meats the age and disability requirement can contribute to it. There is no income limit on it as they want to encourage any working person with a disability to use it. States run different types of accounts sort of like college 529 account. There’s different investment options and caps on the entire balance before you can’t make any further contributions. $16k can be contributed per year up to around $550k total balance cap (highest allowed state that I know of) after that interest can continue to grow. All withdraws are tax free but most only be used on yourself for your “basic” needs. + +I really do owe a large debt of gratitude to this community. I wouldn’t have known this was possible or how to do it without reading the endless threads and real life stories from people like you. I hope my post can inspire others like you all inspired me. Thank you. + +Also these are my plans as of today. It might change tomorrow. But I’ll try to give another update in 3 years. See ya all in 2025. + +Previous post: + +https://www.reddit.com/r/financialindependence/comments/bi6xp2/25_yo_male_trucking_his_way_to_fi/?utm_source=share&utm_medium=ios_app&utm_name=iossmf +This is a rant, although if anyone has any advice, feel free to drop it. + + +I was living with 4 other people not so long ago, in a small town in Northern California, one person decided to leave, and the landlord realized we didn't have enough income between the four of us to make triple the rent. So, we all got told we had until the end of the month and if nothing changes we'd all have to leave. So, that happened. I lost my home through no fault of my own, with nowhere lined up, no savings, and nowhere to go. I was forced to move back down to socal and live on my grandmothers couch in her small studio apartment, all of my belongings in storage. This was November. + + +Now, the only person who I could take up as a roommate is in the psych hospital and I don't know what to do. I applied for section 8, SNAP, and called over 30 low income housing places from San Bernardino to San Diego, NOTHING. All the wait lists are full, section 8 takes 8-10 years, and with my income of $2300 as a 1099 worker (with 500 a month in operating costs), I have no idea where to go next. Why the fuck is housing so goddamn expensive?? Studio apartments for over 1300? Who can afford that? Am I just doomed to couch surf or do I need to get another job? I already work 7 days a week at night and I'm so tired, I haven't had a day off since I got here and I don't feel any closer to improving my situation. What the hell are we supposed to do if nobody can afford to live in the smallest apartment? + + +Edit: Alright, looks like I've heard what I already knew and needed to hear. I have to get out. There's nothing really holding me back, I just want to live again, and this isn't it. I've already saved up about $900, now I just have to cut some expenses that won't help me if I go somewhere I can't pay them, sell off some of my stuff, and drive the hell out of this place. Thank you to all who responded, I have and will continue to read all your comments if anyone has anything to add. +The human race has exchanged many forms of his and services throughout the ages and Bitcoin is just another harmless example. + +If a country stops or restricts you from exchanging digital units of cryptographically data for goods or services.. this should be viewed as an infringement of the very liberty and freedom that make us human. +So I ended up getting a second job to ''save'' but the paychecks were mesley ($100/week). Basically I spent the check back at work because I figured with my work discounts I was ''saving''. + +After seeing that my shopping category was $700+ on Mint I got scared (in a course of one month!). I reevaluated my life and said ''this check will go directly into a savings account.'' + +Seven weeks later, I was surprised it's $700. My biggest problem was that I had short term thinking. ''Oh, this is only $100, that means I can splurge on dinner! Or a shirt!". NOPE! This was a horrible idea. + +I grew up poor so I didn't realize I had this ''use it or lose it'' mentality. Saving for me was almost pointless. But I didn't realize I would get a high from seeing an account grow. + +I previously ignored a lot of advice here, but decided to take the plunge and listen for a bit. It's working great so far! +Can I punch you? + +Edit: For those who keep giving me their blessings of calling me a retard and and idiot, I am only out $26 from T(U)RD and this post was more for fun than anything. Thank you for your concern though. +Negative news is getting posted at a higher frequency compared to the past months. If the research is disproven it will be deleted regardless, **anyone posting false info will be permanently banned, good or bad.** We can't research every ticker that we are not invested in. You can always message an active mod directly if it's urgent. + +**We do not allow false information to spread intentionally. Please take caution on the influx of fake accounts.** Almost the entire world is aware countless people browse Reddit for information. + +***Not every post has good intentions.*** + +* The subreddit went from 100k members to 1 million only this year since its creation in 2008. We can't see everything that happens. Having civil discourse is good, two perspectives are better than one. +* Please leave concerns with r/pennystocks or a new idea in the comments. Hope you all are having a good day! +http://imgur.com/a/yUK2h + +I'm down to under $5k on my student loans at 3.5% interest after staring above $57k (and with interest rates up to 8.5%) in 2013. The last few months I've been catching up on maxing my Roth IRA and HSA accounts for 2016/2017. Now I'll finally start saving for a home down-payment! I live in San Diego, CA, so that's why the numbers might seem astronomically high. My SO will hopefully have a 2nd marker color, and will start adding to the motivational chart as soon as he finishes up his emergency fund. + +I don't know why, but getting to color in my progress just makes me feel better :). + +EDIT: Just for reference, my salary since starting my full time job in 2014 has only been between $40-$56k/year before taxes, and much of that comes from 2nd jobs/freelance work. + +**EDIT 2:** RIP my inbox. Thought you guys might like to see these things as well, for all of those that have been asking questions: + +**I have an obsession with google docs. Feel free to save copies to your own google drive and mess with the numbers to fit your situation!** + +* [Current monthly budget](https://docs.google.com/spreadsheets/d/1vrlZOhEzp8bo0OEu1XQqYzlSCaDGH2EPfeGwSeGAjTg/edit?usp=sharing) + +* [Home Calcs](https://docs.google.com/spreadsheets/d/18d7ai9QxX8CKPmy0IUvyz2oSb_qMb6fxXhoJTevsf24/edit?usp=sharing) + +* [End of year progress chart](https://docs.google.com/spreadsheets/d/1o5KDn_PtUL61K3dyb-kXNMu1MU4zJreH8ojdzKzhgWI/edit?usp=sharing) + +* [Misc. Income Tracker] (https://docs.google.com/spreadsheets/d/1PqunwYf_8kNYUpwCf4z5uoblMza3EchyLYbHmdfFPyo/edit?usp=sharing) + +* [Closeup of colored student loan chart](http://imgur.com/a/MFYpw) + +* [Link to my home motivational chart](https://www.dropbox.com/sh/ycqj1vwxpm6pmm2/AADYzgcfv1Xpwv8ujKhGLAaUa?dl=0) + +* [Link to student loan motivational chart](http://imgur.com/iJYFe8n) + +P.S. - I am a female. I realize my reddit name is misleading. + +Almost NONE of these people are on the side of regular people. Everything they have said is pretty much, completed screwed up. The fact they think this way shows that they are not at all in line with the reality of the regular person... They are owned and paid for by the elite in charge. + +Can’t believe they tried to bring race into this, this isn’t about race, this is about poor/regular people vs elite abusers of a system. + +To me this just shows the US economy/market is bound for collapse just based on the stupidity and ignorance of those in charge. I think GME will trigger it + +I will hold for life now, I will hold so Xers get rich, I will hold to break the corruption, I will hold to change the rules, I will hold for the ones who lost entire careers in 08. And I will hold for the kid who killed himself over wrong information. +Hi fatFIRErs, I hope you can help me with some advice on something. I'm from the US, my girlfriend is from Europe, we live in East Africa and hope to get married in one of these many jurisdictions. + +We hope to stay in East Africa and raise our children here. If so, my passive income alone would easily put us in the top 0.1% of everyone here not to mention savings and investments valued at about $3 million USD. + +Our research suggests that Kenya has the most clear laws for respecting assets acquired before marriage in prenuptial agreements and we'd be having the prenup written by a reputable top law firm. + +For those expats that have gotten married, divorced, and survived the ordeal - what do you wish you knew before you got hitched? Are there any things you wish was in your prenup or any strange things that happened that you wish you could have anticipated. + +Thank you for considering my questions and providing your advice. +I’m early 40’s and basically Fat FI. And at a conservative SWR (2%-ish) will comfortably sustain my current lifestyle. I’ve not denied myself throughout my working life. I just a. fell into one of those sectors that pays a lot and b. enjoy a lot of things that don’t cost all that much. I live well. And fully. I have the life I want and a portfolio of investments that should sustain it easily. + +I don’t love my job (I also don’t hate it) but I’m struggling to step away from it. I think it’s due to risk-aversion. Once I leave, there’s no going back to the level of comp I earn today (c. 700-800k). + +So, just wondering if any of you have struggled or are struggling with the same issue? I see on the main FI board people expressing real confidence that as soon as they hit their number (based on a 4% SWR), they’ll be fine for the rest of their lives. I’m not wired that way. I need a load of redundancy built in and, even then, I’m hesitating. + +Anyone in the same boat? For us conservative types, how much is enough for us to step into the next phase (whether RE or random part-time but fulfilling work that definitely won’t pay the bills). + +Does anyone else find their ‘number’ increases whenever they get close it the previous? +TL;DR: When you change jobs, your 402(g) limit for elective deferrals to a 401k plan ($19,500 in 2021) will follow you but the 415(c) limit of $58,000 for both employee and employer contributions is reset, as long as your new employer isn't related to your old one. + +I have spent way too much time the past 2 weeks trying to track a definitive answer to this and it seems like several financial experts I've spoken to are also under the wrong impression. Thanks to u/Rarvyn for providing some sources. Basically, if you max out your 401k employee/employer contributions of $58,000 but change jobs, you can contribute another $58,000 after-tax, assuming your new employer is unrelated to your old one. This is especially useful if your plan has in-plan Roth conversions. The $19,500 limit for pre-tax or Roth contributions to a 401k will carry over though, so make sure you don't go over that or else you will have to file a return of excess and deal with a massive headache come tax time. New employers won't necessarily ask you either how much you contributed to your old plan, so it is something you have to keep track of yourself. Sources below. + +Just wanted to share this since I thought it was useful information that was difficult for me to track down. I've had 2 financial consultants tell me that the $58,000 carried across employers and one of them admitted they were wrong after digging a little deeper. I thought people maxing out the $58,000 limit was rare enough that it is probably most useful for this sub, and useful enough for a real post rather than stuck in the daily discussion. + +Sources: + +[https://www.irs.gov/retirement-plans/plan-participant-employee/retirement-topics-401k-and-profit-sharing-plan-contribution-limits](https://www.irs.gov/retirement-plans/plan-participant-employee/retirement-topics-401k-and-profit-sharing-plan-contribution-limits) + +>Remember that annual contributions to all of your accounts **maintained by one employer (and any related employer)**....may not exceed the lesser of 100% of your compensation or $58,000 for 2021 ($57,000 for 2020). + +[White Coat Investor had a great article going into depth on this](https://www.whitecoatinvestor.com/multiple-401k-rules/) + +[bogleheads post](https://www.bogleheads.org/forum/viewtopic.php?t=346276) +First, I will disclose that I am no longer short Facedrive as I received a margin call and had to cover. Secondly, don't want to go too much into why Facedrive is worth practically nothing as it has been covered well before by Hindenburg and by myself [here](https://www.reddit.com/r/CanadianInvestor/comments/jipz2g/deep_dive_into_facedrive_fdv_short_thesis_target/). + +I am more interested now in how this company has gamed the market and in connection, the dynamics of the system that has allowed this to take place. + +Facedrive has had tremendous success due to three main factors; 1) a deceptively tiny float; 2) minor acquisitions that are conducive to; 3) targetted stock promotion + +**Tiny Float** + +Facedrive initially listed on the Venture exchange with about 9 million shares but almost immediately performed a 10 for 1 stock split increasing the share count to over 90 million. Supposedly this was done to increase liquidity; however 85% of the shares outstanding were locked up from the get go, and they still remain locked up until March 16th of this year. So in effect the free trading float only increased from about 1.35 million shares to 13.5 million shares. This made the stock prime for some highly volatile price movements which would have the effect of increasing the market cap exponentially (and making insiders who own 2/3rds of the company extremely rich on paper). + +**Acquisitions** + +So now that we have a stock primed to move we need to get the public interested, develop a narrative. Facedrive used $10 million raised privately (I suspect from friends and family that were promised great returns) to make some very minor but high profile acquisitions that would become their "verticals" and fit their ESG profile (BTW nothing about this company is any more focused on ESG than any other company with good governance). To complement their rideshare, Facedrive created an e-commerce vertical that sold hoodies; they outsourced the manufacture of a bracelet for contact tracing; they bought an e-mail list for food delivery; they bought an ethnic food delivery service; and they bought a fledgling EV subscription service in Washington D.C. All these transactions were valued in the low single digit millions and below. + +But how was Facedrive going to consolidate all these verticals and grow them? None of them other than the ethnic food delivery service generated any significant revenue, and most of them had been around for years without showing any signs of growth. With limited cash left after the acquisitions Facedrive came up with the brilliant plan of spending all their dollars on marketing the company to investors (the executive suite doesn't even collect a salary as the stock is so much more valuable). Let's just let the verticals idle, not invest a penny in them, but instead spend all our dollars on increasing our investor base. + +**Stock Promotion** + +Facedrive has promoted their stock in a number of ways but their main outlet has been a marketing company that owns [Oilprice.com](https://Oilprice.com) and has their news syndicated around the web. This company was given $8 million worth of stock to promote the company and they are extremely prolific. They will claim Facedrive is the next Tesla due to their dormant EV subscription business that was bought for relatively nothing and has shown zero growth. Searching Google News for [Facedrive + Tesla](https://www.google.com/search?q=facedrive+%2B+tesla&client=safari&rls=en&tbm=nws&source=lnt&tbs=qdr:m&sa=X&ved=0ahUKEwj-sby4_K3uAhVCaq0KHSq_B4wQpwUIKQ&biw=1440&bih=839&dpr=2) over the last month reveals these results. You will also see Biden's name come up a lot as paid actors have been promoting the narrative recently on social media that Facedrive is in Biden's secret stock portfolio. + +Facedrive has also heavily invested in paying people outside North America to set up accounts and pose as millennials (fake profiles and all) on social media platforms and stock forums. Their gibberish is all the same, whatever narrative suits them at the time is pushed. If it is lockdown, it's food delivery; if it's re-opening it's rideshare. The overarching theme is ESG and changing the world. Funny enough Facedrive does not have a single electric vehicle employed in their rideshare service but according to Facedrive's modus operandi that is irrelevant - if you say it, they will come is more appropriate. + +The main audience for Facedrive's stock promotion has been the US market. The volume on Facedrive's stock on the OTC parallels that of the Venture on many days. Whereas most Venture stocks would be lucky to get 10% of the volume in the US, Facedrive has proven that tapping the US market with targeted promotion can be really valuable to share price appreciation. + +&#x200B; + +**End Result** + +Below is a table featuring the market caps of a few recent TSX uplistings plus CTS (soon to be uplisted) and WELL (a high growth somewhat popular and recent IPO). + +&#x200B; + +|PHO.TO|$242 million| +|:-|:-| +|PYR.TO|$799 million| +|CTS.V|$884 million| +|WELL.TO|$1.3 billion| +|XBC.TO|$1.63 billion| + +&#x200B; + +You may now argue that none of the above companies operate in the same sector as Facedrive. So below is another table of companies that are trying to capture similar markets as Facedrive. I even included the well established New Flyer Industries (NFI). + +&#x200B; + +|TSF.C|$32 million| +|:-|:-| +|BUS.V|$370 million| +|GPV.V|$787 million| +|NFI.TO|$1.93 billion| + +&#x200B; + +All of the above companies generate revenue, have high growth profiles, and some are even cash flow positive. Below is a table with the above companies ranked by market cap from the smallest to the largest. In this table I have included Facedrive. + +&#x200B; + +|TSF.C|$32 million| +|:-|:-| +|PHO.TO|$242 million| +|BUS.V|$370 million| +|GPV.V|$787 million| +|PYR.TO|$799 million| +|CTS.V|$884 million| +|WELL.TO|$1.3 billion| +|XBC.TO|$1.63 billion| +|NFI.TO|$1.93 billion| +|FD.V|$2.04 billion| +Hey folks, + +I am a data scientist and I try to use maths to come up with strategies that can potentially work. Obviously trading is very difficult to automate so most strategies fail. But I came across a strategy last week that seems to have a high probability of success. I ran it on a paper account this week and the results are promising. Wanted to share it with everyone and discuss. Here's a short description of the strategy. + +# Strategy + +Using statistical price projections based on historical data, sell far out of the money CALL/PUT options contracts or spreads because there is a high probability they will never become in the money. + +This might be a lot of jargon, so let me explain with a **Moderna ($MRNA)** example. + +# Moderna Example + +**Price Projections** + +The first thing we need for this strategy is to have some sort of price prediction or price projection to understand the potential limits the price can reach in the next few weeks or months. Unfortunately, price prediction is an extremely hard thing to do in trading. Fortunately, there are some statistical methods out there such as Monte Carlo simulations that can provide you upper or lower limits of the future price with a certain probability. In our case, we will simulate the upper and lower limit of the price with 95% confidence interval i.e. the probability that the price can go out of the range is 5%. + +In theory, this is a clean mathematical tool. However, in practice, that 5% probability is not always 5% - it can be more for volatile stocks. However, I've backtested this on the last three months and this actually works quite well. Let us take a look at $MRNA projections in the next 30 days. + +&#x200B; + +[Moderna Price Projection Limits @ Tradytics.com](https://preview.redd.it/cejf8qa998661.png?width=1613&format=png&auto=webp&s=6a2256efb44f23a04b7d7e90c210f36505cd4e98) + +We can see that the upper limit for the next 30 days is 186 and the lower limit is 142. There's too much volatility these days. **Therefore, it's better to stick with weekly projections, which are 164 and 144.** Now that we have an idea of where the price might stay, we can go ahead and find contracts to sell. I will talk about selling naked calls and puts here. However, that requires a lot of margin and in live settings, I would suggest selling credit spreads. + +These charts are from my own website but I won't post a link here because that'd be promotion. You are free to use any of your own price estimates. You can also manually look at price action and see what's the maximum price range for a stock. For instance, the max price range for a week for $TSLA is about 120 dollars. + +**Contracts Choice** + +You can use any tool of your choice. However, I have my own scanner that I use to find high IV contracts for each stock. For $MRNA, here is what we get. + +[High IV Contracts for MRNA](https://preview.redd.it/r33g9wnca8661.png?width=1636&format=png&auto=webp&s=ca748951d2dc27ea41fcbecaba549eac818890cc) + +Looking at these, I like the 140 PUT for December 24th. However, I want to be safe and since the price is already close to 140, I would actually go further down and look at 120-130 PUTs strikes with weekly expiration - those are going for about 1-2 dollars per contract. Similarly, I can also sell calls above 170 since it falls above the projected range - those are again going for about 1-2 dollars. + +That's the basic idea behind the strategy and if you create spreads or sell calls and analyze them in any options analyzer, you will actually see that all your contracts will have a 95%+ probability of expiring worthless which means you get to keep the premiums. + +# Show me the actual results + +That's the question everyone will have after reading this. Well, I followed this exact strategy last week and sold calls, puts, and spreads on a paper trading account. I was green all 5 days and ended up 2400 dollars in profit (although margin requirements were large since I sold a few naked calls and puts). Again, in reality, only credit spreads should be sold since those are safer. + +[Profits from last week \(2,507\). All weekly sold contracts have expired worthless. Please ignore $PLTR since that was a debit spread.](https://preview.redd.it/182d16lkc8661.png?width=1821&format=png&auto=webp&s=2542d379a5726b0ab2ab2b9d29b71f38c8b5a6ad) + +# But the loss would be very high if we fail + +Yes, but we again need some maths here. Let's stay there's a 95% probability that you'll profit from selling a spread and you max profit can be $100. Your max loss can potentially be about $1000 which seems so high. If you do the maths and calculate the average profits that you will get if you follow the strategy a hundred times, the profits come out to be 50 dollars per trade - **(0.95\*100 - 0.05\*1000).** You can also always close the contract if it's not working. + +&#x200B; + +That's it folks. Wanted to keep this short. Thoughts? +Ok so I'm telling on myself. + +I'm mostly a wheel trader, and I try hard to stay on the cash side. As such I'm used to looking at the puts on the options chain. + +I was rolling some CCs on shares I was assigned during the pump this morning to improve my strike because I kind of want these shares right now. The premiums looked suspiciously good but I was barely paying attention. + +Long story short I rolled CCs into extremely ITM puts and had to buy them back in a panic and eat like $1,200. I could have held for awhile, they were pretty far out time wise and theta could have helped, but I just bought them back and shook my head. + +Moral of the story is don't be like me and look at/click on the wrong side of the chain. + +Thank you. +People come in here asking about options with low cost underlying. And I see a lot of the people here recommending XYZ stocks, and they tend to be not very liquid. Heck, even a lot of SPDR sectors that are ~$50 aren't as liquid as I want them to be and they are considered liquid by option traders. My question is how are you even getting filled on your low price underlying? Aren't you getting killed on the bid/ask spread? +Basically title. + + +I haven’t been posting for a good few weeks now, but that doesn’t mean that backups haven’t been running - they have. + +Thank you all for being amazing to me in this community. + +Oh - and um- I just sent XX more shares for the bot feeding- post to follow. + +Ape historian + +The ape historian you are looking for + +Also the backup guy +Pfizer CEO Albert Bourla sold $5.6 million worth of stock on Monday — the same day it said its and BioNTech's coronavirus vaccine showed 90% effectiveness in preliminary results, which saw the company's stock soaring almost 8%. + +Between the lines: The stock sale is perfectly legal through a predetermined plan called Rule 10b5-1, but the optics aren't great. A Pfizer spokesperson did not add any new information in a statement, saying the sale was part of a predetermined plan created in August. + +[Source](https://www.axios.com/pfizer-ceo-albert-bourla-stock-sale-covid-vaccine-c380a500-ee02-4106-befe-88b08c656d39.html?utm_source=twitter&utm_medium=social&utm_campaign=organic&utm_content=1100) +I recently got back on Reddit after a long hiatus - the volatility in Gamestop and other names brought me back to r/wallstreetbets and r/stocks. + +Lately I have been doing some research on Cathie Wood's Ark ETFs and am quite alarmed by what I am seeing. I am by no means an expert in finance, but I work in finance professionally. I spent 2 years on a long-short equity hedge fund in NYC right after college, and have worked in M&A for an asset management firm for the last 5.5 years. I am intimately aware of how active and passive (ETF) investment products function and acutely aware of the impact that investor fund flows can have on price and performance of an ETF. + +In the case of $ARKK and the family of ETFs, it is glaringly apparent to me that all of these ETFs in the last 12-14 months have become victims of their own success. What do I mean by this? + +We'll use $ARKK as an example. In the last 14 months, investors (and many of you) plowed money into $ARKK at a stunning rate - $10 billion in 2020, and another $5 billion in just the first two months of 2021. In conjunction with those investor flows, the Ark ETFs have developed what by any industry standard represent HUGE holdings in many of the portfolio companies, as high as 25-30% in dozens of cases. Many of these holdings are illiquid companies that don't trade significant volume on any given day. The combination of low liquidity, huge investor inflows into the ETF, and now enormous ownership stakes in the portfolio companies has had the effect of driving share prices higher. Much of the ETF's performance over the last 12-14 months is not a function of fundamental improvement of the portfolio companies, but a function of the ETF having to buy illiquid equity securities when inflows are positive. This may not be readily apparent to the untrained eye, but it is crystal clear for those with access to industry flow data. + +I ran an analysis on the weekly net flows into ARKK over the last 60 weeks, and found that portfolio performance of the ETF was highly correlated with ETF inflows. + +***Correlation of 70%*** + +***R-squared of 0.49*** + +That is to say, the tail is wagging the dog! ARKK has created its own good performance, but not because the companies have grown or fundamentally improved. Nearly entirely the result of the ETF buying. + +What happens next? + +Last week was a taste of the trouble ahead. When investors sell the ETF instead of buy, in order to cash out the investors the ETF must sell some of the stock in its portfolio companies, except that liquidity or lack of liquidity becomes a much bigger problem when investors are selling and when the broad equity/tech markets have a correction. + +The ARKK ETF price has appreciated nearly 350% in a very short time. Now that Cathie Wood represents a big chunk of the outstanding shares within companies that have become overvalued by almost all measures, and trade with very thin liquidity, any meaningful reversal in investor flows (out instead of in) will result in a cascading collapse of the Ark ETFs. If the fund can generate returns of 350% in roughly a year, just imagine what may happen if investors move toward the exits in a much shorter period of time. + +As someone who takes pride in my analytical work, and who is concerned about the limited investor knowledge of many people who own Cathie Wood's funds, I would strongly encourage you to do more research. Learn about the companies held by the ETFs. Try to educate yourselves on valuation methods. And please understand that unless you are willing to lose every dollar that you have invested with Ark, you should take some time to reflect on the risks you are taking. + +After spending a very short amount of time on this subreddit and others, I am concerned that many people may not be aware of these risks, and unfortunately the small investors in Cathie's funds will be the ones who bear the brunt of any crisis. + +As usual with Wall Street, the insiders like Cathie Wood will get huge payouts and the little guys will get to hold the bag. It is not widely known, but good food for thought that Cathie has sold a chunk of her company to American Beacon. In recent months there were changes to these ownership arrangements that are not publicly known. Whatever happens, Cathie Wood will be just fine, but the small investors may not be. + +Good luck and I hope I am wrong. + +***************** + +***Edit*** - for inquiring minds, the link below is a detailed and succinct overview of some of these concerns from a Fintwit personality. + +https://twitter.com/BradMunchen/status/1366028953828270082 + +***Edit*** - some have pushed back on the analysis and I appreciate the discussion, for additional thoughts on how some of these ETF products (and ETF's in general) can create distortions in the market, there are a few podcasts below that I found pretty worthwhile. + +https://www.zer0es.tv/interviews-and-analysis/the-perversion-of-passive-investment/ + +https://podcasts.apple.com/us/podcast/the-end-game-ep-3-mike-green/id1508585135?i=1000483139066 + +***Edit*** - some have suggested I re-create the analysis above on a number of more typical ETF products (great idea) to see if outcomes are similar. Some have also pushed back on the statistical significance of 70%/0.49. In finance if you can explain 49% of the variation using just one variable, it is pretty darn good. Not so good in physics or hard sciences. + +In any case, here goes... + +Background on methods and sources: Data comes from simfund, and the analysis is simple. We build a "roll forward" of the assets under management (AUM) for weekly flow data sets. An AUM roll forward is commonly found in the earnings presentations of all asset managers and is useful for understanding the sources of AUM growth in any given period. + +In this case: + +A: Beginning of period AUM <--- Sourced from Simfund + +B: +/- Net New Investor Flows <--- Sourced from Simfund + +C: +/- Market Performance <--- Implied by D less B less A + +D: End of Period AUM <--- Sourced from Simfund + + +In this way we can see how many dollars flow into a certain ETF over the period, and how many dollars of market gains in the underlying portfolio took place in the same period. Presumably these two values (B&C) would be more highly correlated when B is large and the underlying portfolio is less liquid - causing upward pressure on prices for structural reasons rather than fundamental reasons, i.e. driven by the ETF and not by growth or fundamental improvement in the portfolio companies, i.e. paying a higher multiple for the same stock for no good reason. + +I think my analysis stands... but open to more constructive criticism. + +********************** +***Output for Ark ETF's and compared with a number of other popular ETF's - Ticker: (correlation / r-sq)*** + +*n = 60 weeks of data, which we focus on here because Ark products have seen such outsized flows (and returns) over this period* + +***Ark ETFs*** +ARKQ: (69%/0.48) +ARKF: (64%/0.41) +ARKG: (42%/0.18) +ARKK: (70%/0.49) +ARKW: (70%/0.49) + +***Other Popular ETF's*** +SPY: (11%, 0.01) +QQQ: (27%, 0.07) +IWM: (20%, 0.04) +XLE: (27%, 0.07) +JETS: (21%, 0.04) + +*********************** + +***Edit*** - Criticism of this approach may be that I am using dollar changes in both flows and portfolio returns, rather than periodic percentage changes, however my view is that it is the magnitude of the dollar flows that matters more than percentages when trying to ascertain the impact of illiquidity and investor flows. + +***Edit*** - Worthy correction from u/notredwan - I was under the impression that American Beacon was in process on exercising its option to acquire a majority position in Ark as was originally agreed in 2016. Evidently that option was extinguished in December 2020 in a deal where Ark took on debt (and likely warrants) to pay off American Beacon on the option value. Back of the envelope math would have put the option value in the $100-150mm range. + +Reading here: https://www.institutionalinvestor.com/article/b1pw88ldyr905m/The-ARK-Invest-Takeover-Battle-Is-Over + +***Edit*** - An interesting easter egg in Ark's daily email update and associated disclosures. Quoting from the thread linked below. + +On Friday, February 26, ARK expanded its daily trade email disclaimer to 718 words compared to 163 words on Thursday, February 25. + +Two new disclaimers: + +"Additional risks of investing in ARK ETFs include market, management, concentration and non-diversification risks" + +"There can be no guarantee that an active trading market for ETF shares will develop or be maintained, or that their listing will continue..” + +https://twitter.com/StockJabber/status/1365891480884289541 +Guten Morgen to all of you Great Apes around the world! 👋🦍 + +Many of you are aware that there is one thing that jacks my tits in a very special way, and that is low volume. Can you believe that there was less than 1m shares traded yesterday? Or that it happened on a day when RRP hit $1T again? I've said it plenty of times before, but I'll say it again: things feel like they are converging, and there has never been a better time to HODL with Diamantenhände. Apes own the float several times over, and the shorts have *not* closed. Things feel like they are heading toward a convergence, and when we get there, you will be glad that you bought and held now. + +Today is Thursday, August 12th, and you know what that means! Join other apes around the world to watch low-frequency updates from the German markets! + +###🚀 Buckle Up! 🚀 +*** + + +- 🟥 120 minutes in: **$157.61 / 134,50 €** *(volume: 969)* +- 🟩 115 minutes in: $158.23 / 135,03 € *(volume: 946)* +- 🟩 110 minutes in: $158.02 / 134,85 € *(volume: 946)* +- 🟥 105 minutes in: $157.99 / 134,82 € *(volume: 942)* +- 🟩 100 minutes in: $158.21 / 135,01 € *(volume: 865)* +- 🟩 95 minutes in: $157.99 / 134,82 € *(volume: 782)* +- 🟥 90 minutes in: $157.64 / 134,53 € *(volume: 764)* +- 🟩 85 minutes in: $157.80 / 134,66 € *(volume: 748)* +- 🟥 80 minutes in: $156.24 / 133,32 € *(volume: 635)* +- 🟥 75 minutes in: $157.36 / 134,29 € *(volume: 231)* +- 🟩 70 minutes in: $157.76 / 134,62 € *(volume: 219)* +- 🟥 65 minutes in: $157.39 / 134,31 € *(volume: 206)* +- ⬜ 60 minutes in: $158.36 / 135,14 € *(volume: 190)* +- 🟩 55 minutes in: $158.36 / 135,14 € *(volume: 169)* +- 🟥 50 minutes in: $158.33 / 135,11 € *(volume: 165)* +- 🟩 45 minutes in: $158.35 / 135,12 € *(volume: 141)* +- 🟥 40 minutes in: $158.27 / 135,06 € *(volume: 141)* +- 🟥 35 minutes in: $158.32 / 135,10 € *(volume: 132)* +- ⬜ 30 minutes in: $158.33 / 135,11 € *(volume: 128)* +- 🟥 25 minutes in: $158.33 / 135,11 € *(volume: 121)* +- ⬜ 20 minutes in: $158.35 / 135,12 € *(volume: 110)* +- 🟥 15 minutes in: $158.35 / 135,12 € *(volume: 71)* +- 🟥 10 minutes in: $158.37 / 135,15 € *(volume: 60)* +- 🟩 5 minutes in: $158.40 / 135,18 € *(volume: 56)* +- 🟥 0 minutes in: $158.23 / 135,02 € *(volume: 32)* +- 🟥 US close price: $158.78 / 135,50 € *($158.88 / 135,58 € 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 1.17184525. I wrote and maintain a C# application that assists me in fetching this data and updating the post. If you'd like to check current prices directly, you can check [Lang & Schwarz](https://www.ls-tc.de/de/aktie/gamestop-aktie) or [TradeGate](https://www.tradegate.de/orderbuch.php?isin=US36467W1099) + +Diamantenhände isn't just a thread on Superstonk, it's a community that gathers daily to represent the many corners of this world who love this stock. Many thanks to the originator of the series, DerGurkenraspler, who we wish well. We all love seeing the energy that people represent their varied homelands. Show your flags, share some culture, and unite around GME! +I’m referring to net income generated per unit. It seems that smaller 1-4 unit properties have lower barriers to entry compared to larger properties, mainly that funding is easier to get. Does this make sense? Has anyone else noticed this? +TL:DR, Over the last **30 years**, house prices have risen because of: + +* Average Earnings (~61.6% of the change) +* Borrowing Power Increasing (~36% of the change) +* **Everything Else**, yes I mean everything else (~2.4% of the change) + +------------------------- + +We have all seen [this chart](https://i.imgur.com/elMx1Xo.png), which shows how house price growth has eclipsed the rises in wages. We have all read the 1000+ upvoted *unpopular* opinions on the explanations and solutions. We have heard a million times about how if we just got rid of negative gearing, all your problems would be solved and you will be chilling in a nice 4 bed in Glenny. + +On the other side, we have also heard about how "it is all the RBA's fault, look at all this cheap money and inflation", and linking graphs that [look like this](https://i.imgur.com/vqJWBkg.png). While it looks convincing, it is very difficult to parse how much this has caused house prices to rise. And tracking how much prices should rise relative to how much interest rates fall is difficult. + +To address the previous issue, I present '**Borrowing Power**', this is an index-like factor which converts from *Bank Lending Rates* to a multiplier. Though I have intentionally picked a formula which closely matches the CBA borrowing calculator, the value itself is not important, but the behaviour is. If you are able to borrow *twice as much*, Borrowing Power should *double*, and if you are able to *borrow half as much*, Borrowing Power should *halve*. It does. + +[This is what Borrowing Power looks like over time.](https://i.imgur.com/lD6Vov0.png) From ~1990 to ~2022, people's ability to borrow has gone from 2.5 to 6.5 (i.e. they 2.6x as much of their income) and this is a major factor in house prices. + +Now we have something which moves in the same way as house prices, Borrowing Power, and we have Average Weekly Earnings, when we *multiply Borrowing Power by Average Weekly Earnings* and scale appropriately, something magical happens. + +[**Have a look at this chart.**](https://i.imgur.com/2D3sOBS.png) This is the most important chart and why I wrote this post. + +Did you notice something weird? The two lines are practically the same line. Which means that in a sense *House Prices* **ARE** *Borrowing Power times Average Weekly Earnings*. + +The correlation is ridiculously high (97~98%). To give you a bit of statistics training, you square the correlation, and as a result you get the percentage of the variability that is explained by this model. This means that ~95% of the change in house prices is explained by these two factors, and about 5% is **everything else**. + +Is that everything, can we pack up all discussions about housing? No! these two factors do not explain everything, the two charts do vary often, and all the other factors can pull the prices away from the line. [For example we might expect that there are FOMO \(fear of missing out\) periods, where market sentiment pushes prices artificially high, and FOLO \(fear of losing out\) periods where prices are trailing.](https://i.imgur.com/2D3sOBS.png) So discussions on other factors will have an impact, but over the last ~40 years, they have not been that material. + +So what is the future of house prices? + +Short Answer no idea. + +Long Answer, this would warrant another post. It depends on how fast RBA interest rates rise, how quickly it is pushed through by banks, and how much wages grow. + +----------------- + +Moving away from data, and I will give my observations and opinions. I am a qualified and experienced professional so these are not a layman's interpretation, but bear in mind that this is the internet. + +The AWE factor doesn't matter, what matters is the borrowing power factor. Most people aren't really going to cry if they earn twice as much and houses are twice as expensive. What really frustrates people is if the price rises above and beyond their wages. One interesting thing is that an article posted a while back about ["Why CAN'T young couples buy homes?"](https://www.reddit.com/r/AusFinance/comments/sgy4tr/people_have_whinged_about_aus_house_pricing/) was posted in 1963. Have a look at the [Borrowing Power chart](https://i.imgur.com/lD6Vov0.png) again. Notice how this article was in another period of high borrowing power. My prediction is that during 1970-1990, when Borrowing Power was falling, there would be fewer articles about housing affordability. Though it was during a high inflation periods. We might suspect that when borrowing power is high, this makes house prices high (relative to income) and as a result more attention on housing affordability. + +This subtly explains much of the difference between Australia, and many other developed countries on housing price growth. While in very recent times Australian house price growth has been high relative to other developed countries. This could be because UK, Europe and the US reduced their interest rates to near-zero around 2009 (the GFC), Japan in the 2000s. Australia didn't drop them that far until around 2020, where house prices really went out of control (~20% in 1.5 years). Many of those countries have already had their housing price increase issues, but they are so deep into them that it is old news. I find it interesting that so many people here are flabbergasted when they hear that most other developed countries, and especially the cities have the same housing affordability problem as Australia. These countries must either talk about it less, or complain in their own language. + +Most of the discussion around housing prices here is not well placed. People should focus more on the RBA rates as this is the easiest thing to change and the second largest factor. In addition they should come up with strategies to earn more money (i.e. the AWE factor). While other things will impact house prices, their impact pales in comparison to the two main factors. + +Thanks for reading, + +LarrytheTomato (not my real name) + +---------------------------------- +Appendix/Methodology: + +Data Sources: + +* Interest Rates, F6: https://www.rba.gov.au/statistics/tables/#interest-rates +* House Prices before 2003: http://www.econ.mq.edu.au/__data/assets/pdf_file/0018/220581/Abelson_9_04.pdf +* House Prices after 2003: https://www.abs.gov.au/statistics/economy/price-indexes-and-inflation/residential-property-price-indexes-eight-capital-cities/latest-release +* AWE: https://www.abs.gov.au/statistics/labour/earnings-and-working-conditions/average-weekly-earnings-australia/nov-2021 +* AWE Prior to 1990: https://www.rba.gov.au/statistics/xls/op8/4-18.xls + +AWE: Ordinary Total Earnings, this is so I can join both the pre and post 1990 data + +House Prices: House Price Index Capital Cities. For Pre 2003, I have weighted the house price by the 2022 population, which is a bit dodgy, but should give a decent estimate. + +Interest Rate used: Lending rates; Housing loans; Banks; Variable; Standard; Owner-occupier. This would be the 'standard variable rate' from [here, or other banks](https://www.commbank.com.au/home-loans/interest-rates.html). While this won't be the exact rate borrowed due to discounts and teaser rates, it will move in the same way. + +Borrowing Calculator Formula: + +* 0.4 x 30 year Annuity. This is: 0.4 x (1-(1+i)^-30 )/i, where i is the lender's interest rate. +* Something interesting is that it doesn't go to infinity when interest rates are zero, it ends up ~12x (i.e. if interest rates are 0 you can borrow 12x your income) + +Methodology of Constant: Average the House Prices, the factor and divide the two. Another way of thinking about it is ~May1992 they are set to be equal. +So more orders shipped from WF stores via Amazon trucks, less reliance on UPS/FDX +_________________ + + +https://www.bloomberg.com/news/articles/2018-03-22/amazon-seeks-larger-whole-foods-stores-to-support-delivery-plans + +The world’s largest online retailer is searching for bigger Whole Foods locations in cities that can serve as both grocery stores and urban distribution centers for delivering goods to online shoppers more quickly, said a person briefed on the plans. Amazon is seeking more retail space that can accommodate grocery aisles and storage for the most popular items purchased from Amazon’s website, like consumer electronics, bestselling books and yoga pants. + +Whole Foods is also working with Regency Centers Corp., one of its largest landlords, on a project to convert parking areas at existing stores into stalls for Amazon delivery contractors to load up their orders, said the person, who asked not to be identified because the initiative is private. A spokeswoman for Whole Foods declined to comment, and Amazon didn’t respond to requests for comment. +"Tesla Inc. reported third-quarter deliveries of 83,500 vehicles, including the delivery of 55,840 Model 3 vehicles that beat the FactSet consensus of 55,600 vehicles." + +The guidance for Q3 Model 3 deliveries was 50,000 - 55,000 and Electrek estimated Q3 deliveries at 53,000, so Tesla topped all of these. + +[https://www.marketwatch.com/story/tesla-beats-delivery-expectations-for-model-3-model-s-and-model-x-vehicles-2018-10-02?mod=newsviewer\_click](https://www.marketwatch.com/story/tesla-beats-delivery-expectations-for-model-3-model-s-and-model-x-vehicles-2018-10-02?mod=newsviewer_click) +Im a 19yr old and after many years of being a stoner I’ve always thought back on how much money I’ve wasted on something ill never get back. Some might say you can’t put a price on memories but the truth is for me that I don’t remember 80% of the shit I’ve done while high. + +At the beginning of this pandemic I was a little happy I now had an excuse to just stay at home and smoke my weed but I quickly started to see things differently. I was now wasting away my days and gaining absolutely nothing. + +So around New Years I decided I wanted to take a break and just breath and see if I could do more or even be just as happy without weed. After just a few weeks I understood that all it did was make my mind foggy and take away my time. Recently I became very intrigued by crypto currencies and it boggled my mind how bulletproof Bitcoin seemed to me. I do believe it can be a major asset in the future and if not Bitcoin it self it’ll at least pave the way for the others. + +So I’ve decided I will now take all the money I save from not smoking anymore and put it into Bitcoin mostly and other cryptos and stocks. I will do so by DCA and I’m so excited to see where this goes. I hope this post can maybe point other young adults in the same direction and to be smarter with your money. + +EDIT: Thank you guys for all the meaningful words and support, y’all got me feeling all warm and fuzzy inside lol + +EDIT 2: +I see a lot of you guys saying why don’t I just grow my own MJ and then take the profits to buy Bitcoin or stocks afterwards. I could do this as I do live in a country where it’s legal. But I guess I didn’t make it very clear that PERSONALLY I’ve always had my doubts of being a daily user and I’ve taken breaks or tried quitting before but I always came back to it. Even trying to smoke in moderation always brought me back to using daily. To my luck I was able to throw dabs away and just stick to flower as I found that to be much better more my health and mentality. However the main goal of this post was to show people how the real reason I’ve been able to go full on cold turkey is by simply replacing a bad habit with a good one. Investing. This wasn’t to persuade everyone but simply help push those who were on the edge like I was. + +I’ve already gotten tons and tons of comments about how I’ve inspired many to change and I’m so glad to have helped. KEEP IT UP! Your future self’s will thank you +https://www.cnbc.com/2018/02/23/dropbox-ipo-form-s-1-prospectus-filing-full-text.html + +Cloud storage company Dropbox filed to raise $500 million in a public offering on Friday, giving investors a first look at the books of a coveted unicorn start-up that was previously valued at $10 billion. + +Here's what the filing said: + +Revenue: $1.11 billion in 2017, up 31 percent from the prior year + +Net loss: $111.7 million in 2017, narrower than 2016's loss of +$210.2 million + +Average revenue per paid user: $111.91, up from 2016 but down from 2015 + +500 million registered users, 100 million signed up since the beginning of 2017 + +More than 11 million paying users + +Gross margin: 67 percent + +Dropbox will list on the Nasdaq under the ticker "DBX." +[**GameStop Wallet Support**](https://support.blockchain.gamestop.com/hc/en-us/sections/4412111751955-Getting-Started) + +# 🟣 [Computershare Megathread](https://www.reddit.com/r/Superstonk/comments/v2ff5r/drscomputershare_megathread_062022/) + +>Wondering what DRS is? Want to know how and why people are Direct Registering their shares? Here you'll find our guide and additional resources, as well as a welcoming community answering questions in the comments! + +# 🙋 ​[What's GME & should I consider investing?](https://www.reddit.com/r/Superstonk/comments/qig65g/welcome_rall_looking_to_catch_up_on_the_gme_saga/) + +# 📚 Library of Due Diligence [GME.fyi](https://fliphtml5.com/bookcase/kosyg) + +>A collection of over 200 of the most important, groundbreaking **D**ue **D**iligence. If your looking to familiarize yourself with the GME bull thesis or the underhanded tactics of the short sellers involved in this trade– then this is for you + +**Read** [**the Rules & Wiki**](https://www.reddit.com/r/Superstonk/wiki/index) **||** [**MOASS FAQ**](https://www.reddit.com/r/Superstonk/wiki/index/faq) **|| Join our** [**Discord**](https://discord.gg/Superstonk) + +Low karma? Want to feed DRSbot? [Post on r/GMEOrphans](https://www.reddit.com/r/GMEOrphans/comments/qlvour/welcome_to_gmeorphans_read_this_post/) + +How to [Filter by Flair & Search](https://www.reddit.com/r/Superstonk/comments/v0oxp2/how_to_filter_by_flair_search_for_posts_on/) on Superstonk + +Tag u/Superstonk-Flairy for help with user flairs + +&#x200B; + +**📌 Flair update! Out with the ODL in with the new 🧾 Buy & HODL 💎🙌 with a new background color #242424, IYKYK** +So I posted a thread here: https://www.reddit.com/r/UKPersonalFinance/comments/8cm8c8/working_out_a_first_offer/ + +I put in an offer of 250 and it got rejected. Estate agent said that the price was non-negotiable so I pointed out that the price had already fallen from 270 so it clearly was negotiable. He leaves +a voicemail saying someone has offered £270 so if I want it I would have to offer 270 and pay the deposit today. I decline again. + +He then calls me relentlessly for the next few hours saying offer 260 and pay the reservation fee (£500) and we can get things moving. + +I point out that I still can't exchange deposits till mid-June due to Lifetime ISA restrictions, which he said the other buyer already had. He then relentlessly calls again to say oh we can get the developer to work with you on that. + +Then this morning he is badgering me again over 260 and saying he's taking someone else to view the place this morning so I need to get an offer in now if I want it. + +Is this common? I'm going to offer £256500 I think which is a 5% haircut on the 270 initial. +I bought 300 shares this morning at 26.35 and it's already 26.36. +When I become a millionaire, you'll all invited to my party!!! + +On a serious note, I'm trying to get more into the ETF space. Any other ETF's recommended for mid to long growth? +[https://www.financialexpress.com/industry/investors-body-claims-over-10-mfs-may-go-franklin-templeton-way-causing-rs-15-lakh-cr-loss/2182725/lite/](https://www.financialexpress.com/industry/investors-body-claims-over-10-mfs-may-go-franklin-templeton-way-causing-rs-15-lakh-cr-loss/2182725/lite/) + +I feel that a withdrawal frenzy can only cause this. +I mean all big brokers igbank, icmarkets, pepperstone offer metatrader that include all the betatesting data and tools to code and pass orders. The software even enables u to optimize the code and u can from within the same software rent and publish ur robot (expert advisor) on a VPS for 15usd per month. +What am i missing? Is there any flaw? + +Please enlighten my mind +Cheers +Today I told my wife I lost 65% of what I invested. She said : why worry now!? You only started in January and we don’t need that money in the next coming years. +My wife is stronger than I am +Now I’m for sure Hodling!!! +Today, we hit a milestone and surpassed a 250k net worth. I'm in a bit of disbelief but I'm also extremely grateful. This community has changed our life and helped us realize that we can achieve FI. We have a ways to go before we reach our FI goal of 2 -3million but we've shown ourselves that we can get there through intentionality and discipline. + +I just want to encourage any young individuals/couples out there that this can be accomplished. My partner and I both work, and we split watching our child throughout the work week. (I love being able to stay home and be with our child. This is time I will forever cherish.) We are both 24 y/o and my partner works 3 days a week and I work nights/weekends. My Partner started working in her field (Video editing) out of high school and I started my business while in high school. I continue to run the business that I started in high school and this is how we got to this point. I also finished college and graduated with 65k in student loans. (Private college, don't regret the decision to attend, and also get angry sometimes at how much it cost.) \*end rant + +Side note: My parents co-borrowed with me on my first mortgage to bump me up into the range I needed to purchase my first home. This occurred at 19 y/o and the agreement was to refinance after 1 year to get them off of the loan. This went as planned and my parents generosity aided in us getting to this point. Again, grateful for their example and for their help with this specifically. + +&#x200B; + +**Income:** + +2013 - $8k + +2014 - $41K + +2015 - $55k + +2016 - $110k + +2017 - $128k + +2018 - $133k + +2019 - $150k + +&#x200B; + +**Net Worth Breakdown:** + +$75K - Primary Home Equity + +$75K - Rental Home #1 Equity + +$15K - Rental Home #2 Equity (50% ownership) + +$43k - Roth IRA + +$12K - 401(k) + +$30k - Safety Net + +=$250k + +&#x200B; + +**Timeline of how we got here:** + +**16 y/o:** My parents told me they would not be paying for my college education but they wanted me to attend a university and get a degree. I never expected my parents to pay for my education but this conversation challenged me to really think about my future. I chose to enroll in an early college option offered in our state for my Junior and Senior year of high school and I graduated with 59 paid-for college credits. + +This is also the year I started a business that would end up being my full-time career path. I'm indebted to my parents for their hard work giving me the opportunity to pursue an education AND for them supporting me as a young person with an entrepreneurial venture. They both grew up in poverty, worked their way out, and again set an unbelievable example for us to follow. + +**18 y/o:** Go to college, continue small business and begin to realize I am obnoxiously throwing away money. Start to follow Dave Ramsey and begin the "baby steps." Meet partner and begin to talk about the future. This was pivotal in our relationship developing with financial responsibilities in mind. Max Roth IRA and begin saving. + +**19 y/o:** Change schools and buy first home. I lived here with 3 roommates who paid the mortgage until we got married. (Parents co-borrowed to help this purchase occur) + +**21 y/o:** Got married and begin aggressively paying off student loans/car(s). + +**22 y/o**: Paid off car(s), and student loans. 13 months of working extra jobs, selling stuff etc. Found out we were pregnant, and decided to move to a home that was better suited to raise a family. First home becomes a rental and we invested in a second rental property with a 50% stake. (Read The Millionaire Next Door, Rich Dad Poor Dad and listened to Dave Ramsey's podcast all the time.) + +**23 y/o:** Became a family of 3, discovered FI/RE and decided this is the direction we wanted to pursue. We really reeled in our budget, began aggressively saving and chose to live on less than what we made. + +**24 y/o:** Hit a 250K net worth with rental properties and savings. We have a long way to go and the market could change. Encouraged to pursue another year of saving and work towards FI. + +&#x200B; + +I definitely understand that we have a lot of NW in equity and that this could change if the bottom fell out. Also, I have to give credit to my partner. Without her onboard, none of this would have been possible and without this community we wouldn't have pursued this. Cheers to 2020. +DFV AKA TheRoaringKitty AKA Captain hedgefundcrusher AKA The most glorious value investor of all time should be on the list. + +This hunk/mancrush is the goat. A legend of legends. The persistent, focused, and friendly attitude of this badass should be officially recognized. He inspired us to think differently about potential and opportunity, especially during a time when uncertainty in the market was abundant. His dedication to the craft has inspired *millions* to challenge the status quo, and ~~request~~ **demand** that financial markets reflect a fair playing field. And instead of protesting outside of Wall St, he showed us that we have the power to beat SHFs at their own game. + +We, (as individual investors making our own independent decision to invest in a company we believe is on the path to innovation & success), owe the man thanks and gratitude. It’s not every day that one gets the chance to turn the entire financial system on its head - for the betterment of retail investors that… + +LIKE THE STOCK. Did you hear me? I LIKE the stock pundits. No, I LOVE the stock, and there is nothing Kenny G and his entourage of mayo-slurping stooges can do to separate me from my beloved shares. + +LFG!!!!! +With my tail tucked between my legs, I want to share my experience with an "award-winning stock advisory" service... + +**Upsells, Upsells, Upsells** + +First and foremost, moving to a paid tier means almost nothing. Members receive the same info you'll get for free on the blog and YouTube channel. + +I cannot believe I fell for their marketing. If you go to their website, you already know the stocks they push to their paid members. + +**Who's the Fool?** + +After becoming a member (Stock Advisor + Rule Breakers), guess who is the fool? Me! + +Despite paying a $409.54 membership fee, everything I seem to want is still behind a paywall. I feel like I paid money so they could send me marketing videos. + +**Performance so Far** + +Now for the best part...I have been a member for 9 months (since Feb 27, 2021). Stocks have been on a tear during this time. The S&P500 is up 19%. + +I purchased 4 stocks that Motley Fool was pushing as "Rule Breaker Buys" when I joined. Three are massive losers. + +* TDOC - 22.74% +* SNBR - 27.83% +* TWLO -12.31% + +That is unbelievably hard to do in this bull market. + +This service has literally cost me thousands of dollars in about-to-be realized gains. That doesn't even include opportunity cost. + +And I managed to lose this money in the ultimate bull market. + +**It's Me. I'm the Fool.** + +Don't be a fool like me. Read /r/personalfinance instead. + +**Disclaimers** + +* While I used a sizable account to test Motley Fool, it's still a small portion of my overall portfolio, which is much more wisely invested. +* Motley Fool recommends a portfolio approach rather than just buying 4 stocks. *My bad*. But their recommendation requires so many stocks across so many sectors, you might as well save the heartache and buy a total market index. It's the ultimate cop-out to the vision of "outperforming the market" they preach. +The company responsible for cruise vacations started the day at $12,60 and ended it on $8,80, a reported decline of 33,11%. Is the company in risk of bankruptcy or will they survive this crisis, thus providing a good investment opportunity for the long term? + +For context, two other major players in the cruise industry are Royal Caribbean Cruises (RCL) and Norwegian Cruise Line (NCLH) dropped a total of 19,89% and 12,47% respectively. +lots of bulls still around. lots of people who have seen only V shape recoveries. But now we have a Oil crash and Treasury yields at all time lows. These are historic moves. Until the dip buyers capitulate, we will not see the bottom. +What do you guys think of the recent talks stop by Trump and Pelosi? There’s a lot of conflicting reports, and difficult exactly to know where to ground the discussions? If they are postponed until after the elections, should one go with long-dated calls? How are you playing it? +I'd like to see a list of stocks that: + + +* pay dividends with that *tax-preferred* advantage (those that CRA tax 20-30% less than foreign dividends) +* pay dividends each month + + +That's a question I'm getting from more and more family members that are starting retirement. Is there a website that allows to filter for canadian stocks that pay their dividends monthly? Thanks team. +How do you have balance in life, not quite one of the topics often spoke about here, but to achieve great things, it takes great effort (windfalls not included). + +Yes I know work smart not hard, but still, it takes effort to be smart, and that effort usually takes time. For example. I lack balance, working towards my goals consumes me. I struggle to enjoy a 'night out', or 'weekend out' as it leads to me being behind schedule, or realizing "Wow I do not want this life, people sit around talk, drink beer, go to sleep, wake up for the man, don't have control over their lives. Why am I going out, when I could be working hard now, so I can relax later.". + +I am well off I have to say, but it doesn't feel like it. I have done well for myself $3m+, but I am 30, and I want more. the $3m is nice cuz liquid, but its not an entity which is generating income in my sleep (investments don't count in this context). Its not something that has a work-force behind it, has equity which can be sold for more, something where I can look at the revenue of the company vs my overhead and say "I earned $XX,XXX today or this week from my company. Its really bottom tier as far as fatfire goes. Sure I'm being harsh, but I have lofty goals and know what I want and desire. + +I want a: + +* nanny for when I have a kid +* No questions about private school +* Freedom to relax and knowing that my future kids are taken care og +* Ability to buy the apartment I want, the car I want, the food I want +* etc + +Money = freedom, or opportunity for freedom. I'm not afraid to grind and work for it, however it consumes me. My finance is getting sick of it to be transparent. But for me, I'm not happy otherwise. I can't relax knowing that if we have a kid in the next few years, I wont have those things. Sure I have $$ in the bank, paper equities that need my work to be fruitful, but all in all that's nothing in the grand scheme of things compared to what could be achieved, and what I want my life to look like in 2, 5, 10 years. I need more to provide the life I want for my future family, my fiancé' and my future kids. This is my waking thought each and every day. Providing for generations and freedom for all. + +Here I am at 4am on a Sunday working (I love it), but I went out with friends all weekend long, and got home one Sunday at 6pm. I have teams that I have hired depending on me to produce work, and I have my own goals and desires I want to fulfill. So i'm not complaining in any capacity, I love it. But to be honest, I would rather of skipped spending the weekend with friends in order to put those hours towards my goals. I know its not balanced, and it drives my fiancé mad. + +Is what I am doing wrong? (Heavily sacraficing current for future, although its with joy at the detriment of my fiancé or others? ) What have you guys (and girls, I say guys as generalizing) done in regards to balance? + +&amp;amp;#x200B; + +\----- + +&amp;amp;#x200B; + +&amp;amp;#x200B; + +Edit: For context - Tech entrepreneur, C-Suite at several companies that I either work for, or my own ventures. Some Funded with VC's, some self-funded. The companies I work for I cannot wait to leave and work for myself, instead of someone else who has a company that they are living off of, and provides all the things that I want in life for myself. + +Edit 2: my finance of course what’s a nice comfortable life. But she has much more balance than I do. She also has no job I support her fully (we both live in nyc) which I love cuz I’m old fashioned. But I know the price I need to pay to give the lifestyle I want to give. Or maybe I’m delusional and I can do both, Idk. That’s why I’m asking the question about balance. +Hi everyone! +I wanted to post my first FIRE entry after hitting 100k last week. + +Retirement Net Worth: **103K** + +* 401K: **56K** +* Roth IRA (FNCMX): **18K** +* Index Fund (SWPPX): **29K** +* I have a savings account/emergency fund but it's under 10K. + +My current goal is 200K by end of 2022. I think my current FIRE number is $2M and would love to retire before 50. + +2017: Graduated University of Virginia with an Economics degree. Feel free to throw an asterisk on my story because I graduated without student loans since my parents were able to save for my higher education. I also lived at home in NY from 2017-2019 until I moved to the UK. + +* Sept 2017: **55K** - Starting Salary. Bonus range 0-10%, N/A first year. +* March 2019: **63K** - Raise +* November 2020: **76K** - Raise + +I won't go into my whole life journey, but I'm happy to answer any questions in the comments. July 2019 I moved from the US to the UK team of my company on a Tier 2 Intra Company Visa. I can't say I completely understand my pay structure, but I had my company keep me on both payrolls so I could contribute to our 401K. I pay Social Security and Medicare, and Income Tax (UK), everything else is exempt and paid (if needed) EOY during tax season which I already used a tax firm for. + +Here is my breakdown of my 83K salary (76K+7K Bonus) + +* Taxes: 13K (16%) +* Rent & Utilities: 23K (28%) +* Savings: 40.5K (**49%** savings rate) -401K: 19.5K at a 26% contribution -IRA: 6K -Index Funds: 15K (usually at $1,300 a month) +* Spending: Remaining 6.5K (8%) + +I only was eligible to start contributing to my 401K after 1 year at my company, so that's when I started saving. I learned about FIRE about a 8 months ago. I'm currently just enjoying my time in London for the next 2 years on my visa. I don't expect any further big pay raises beyond yearly inflation adjustments because I'm now at the top of my Client Associate/Data Analyst ladder. Honestly I like the UK so much, I dread the idea of paying into a HSA or 529 plan because its free over here... (crossing my fingers things work out with my UK girlfriend haha) + +I also work on a small Belt start up with friends but that's more a money sink! + +I check WSB on the reg to remind myself that This Is The Way. + +Edit: All numbers in USD. +Edit: Formatting +Good Morning Apes! + +I know everyone's tits are pretty jacked from some of the news that broke over the weekend. I'm not gonna lie and say mine aren't. But let's take a moment to talk about the relevance. + +XRT and MEME (literally on it's ninth trading day live) being added to the RegSHO Threshold list is pretty significant not because they actually contain that much GME but because this provides some proof that the whole ETF basket is being over-shorted to provided synthetic liquidity for them to short/hedge these ETF basket stocks. GME is most definitely one of those stocks. + +I've heard a bunch of talk over the week end saying they have T+13 to cover these but I wanted to **debunk** that. RegSho threshold simply creates a first in first out clearing schedule for the stock in question after 13 trading days (starting on January 5th for XRT) once this clearing begins the only way to short that asset is by "pre-borrowing", essentially locating and borrowing the shares in advance of being allowed to short. A stock can remain on the Threshold list for any amount of time. But the bullish news is after January 5th they will no longer be allowed to use XRT or MEME to short GME. + +The second thing, Is JPM's buy in. To me this is pretty significant and definitely being used as a signal to other institutions. JPM bought into a $13m position on GameStop with no hedge, 55,391 shares and options representing another 20,800 shares (not sure if this is 208 contracts or delta value of 20800 shares). They made published this data from November almost immediately after announcing short squeeze conditions in the market. + +**What's expected for this week** : + +Well **today through Wednesday** marks the T+2 settlement period for GME Quarterly and ETF LEAPS gamma exposure. While both GME and GME containing ETFs were shorted massively last week there should still be exposure from the cash settling of the put contracts and the bona fide MM of synthetic shares. I expect we will run up similarly to November. A lot of people have asked me for volume estimates, unfortunately I have none. Last year during this part of the cycle we traded almost 50m shares. GME no longer has that kind of liquidity and volume is nearly impossible to predict. We know they have exposure from expired futures and gamma from the options chains. My conservative (because of volatility) estimate is somewhere in the 200-225 range. + +[The white bars represent data from last January's run. They are simply to illustrate price action and do not represent price targets.](https://preview.redd.it/25yk0ejwcp681.png?width=2392&format=png&auto=webp&s=a76370ea5724036677294504acab2f27edee7b3c) + +&#x200B; + +**You are welcome to check my profile for links to my previous DD, and livestream.** + +Historical Resistance/Support: + +116.5, 125.5, 132.5, 141, 145, 147.5, 150, 152.5, 157 (ATM offering), 158.5, 162.5, 163, 165.5, 172.5, 174, 176.5, 180, 182.5, 184, 187.5, 190, 192.5, 195, 196.5, 197.5, 200, 209, 211.5, 214.5, 218, 225.20 (ATM offering) 227.5, 232.5, 235, 242.5, 250, 255, 262.5, 275, 280, 285, 300, 302.50, 310, 317.50, 325, 332.5, 340, 350, 400, 483, moon base... + +# After Market + +Closing up just barely after a full day of synthetic price suppression. Last December we ran overnight 🤞 we do again... GME outperforming the market today is definitely a bullish sign. I'm still maintaining my expectations for 200-225 as expected movement but we should see a big uptick in volatility if they intend to cover all at once. I will be monitoring AH and PM for indications that covering has begun and update in the morning. Have a good night, see you tomorrow! + +\- Gherkinit + +https://preview.redd.it/wachlsayir681.png?width=696&format=png&auto=webp&s=2dccd8bc48f749d8b98332bad523103552b5d112 + +Edit 5 3:30 + +155 put suppression failed. With that broken down we can start to move to the upside, next key resistance is 162.50 + +https://preview.redd.it/26geg71hcr681.png?width=1625&format=png&auto=webp&s=b4dcb87fa66017203bd2a7757175a3afc9762f41 + +Edit 4 1:49 + +Second breakout of VWAP today if we hold above this is bullish for the last two hours. + +https://preview.redd.it/n5d6td09uq681.png?width=1618&format=png&auto=webp&s=95a2658f1df690d04b0b32e88b1e5d8cd85a2247 + +Edit 3 12:69 + +Just flat bleeding theta, consolidation is in a narrow range and we are resisting the fluctuations of the overall market which is good. + +https://preview.redd.it/f9lqk348nq681.png?width=1252&format=png&auto=webp&s=a1e5ee339f4933f9fa34fab6bf1edcbd0ba1c034 + +Edit 2 11:10 + +After failing to sustain VWAP GME slid down along with the overall market. Several Dec 23 155p were opened and several Jan 21 140p were closed. Showing a continued interest in price suppression today indicates a large run today is unlikely. Historically we run on Tuesday and Wednesday in these cycles. Support found again at 150. + +https://preview.redd.it/8mjsulub2q681.png?width=1638&format=png&auto=webp&s=7d9c4f4884dc5b50be103532ceca7c33b47edcd1 + +Edit 1 10:15 + +Opening spike fell of but GME found support at 150 and looks to be confirming a reversal this break through VWAP can precede larger moves. + +https://preview.redd.it/w48t0u06sp681.png?width=1675&format=png&auto=webp&s=921519d30c791b4b926dde7efde2704fb0aad76b + +# Pre-Market Analysis + +Big drops in the DOW, S&P, and Nasdaq this morning leading to some early morning sell pressure. China's markets also down significantly last night. VIX futures started running last night so we are definitely looking at a volatile day. GME down -3.26% on 33k volume this morning. + +Shares to Borrow: + +IBKR - 100,000 @ 1.0% (still elevated but down .1%) + +Fidelity - 484,582 @ 0.75% + +[GME pre-market 1m chart](https://preview.redd.it/gnwar79tdp681.png?width=1662&format=png&auto=webp&s=826757010b1588a330fefaa538058f3ed4b561a7) + +CV\_VWAP + +[Arbitrage is mostly corrected from Friday's run.](https://preview.redd.it/zhruu4tgep681.png?width=2448&format=png&auto=webp&s=28fa9694f6076dda19acba15792e30d5e66cf026) + +**Disclaimer** + +*\* Although my profession is day trading, I in no way endorse day-trading of GME not only does it present significant risk, it can delay the squeeze. If you are one of the people that use this information to day trade this stock, I hope you sell at resistance then it turns around and gaps up to $500.* 😁 + +*\*Options present a great deal of risk to the experienced and inexperienced investors alike, please understand the risk and mechanics of options before considering them as a way to leverage your position.* + +\**This is not Financial advice. The ideas and opinions expressed here are for educational and entertainment purposes only.* + +*\* No position is worth your life and debt can always be repaid. Please if you need help reach out this community is here for you. Also the NSPL Phone: 800-273-8255 Hours: Available 24 hours. Languages: English, Spanish.* +Good morning, + +My mother passed away in December. I had her mail forwarded to me and she had some unpaid medical bills. She had no assets, 200 in a checking account. Low income housing, disability and on Medicare I believe. She had no property, car, nothing. The bank had me sign a form to close her account. I had to use the 200 she had in the bank along with my money to have her cremated. + +Most of the places I have gotten bills for have wanted a copy of the death certificate and they have written it off. The hospital won't do that, they want me to pay it. I have one sibling, but I am the one taking care of calling everyone. My brother is disabled and I work, but I don't want to be responsible for paying her unpaid debt because I have a job. The hospital wants my all financial information, even down to my daily expenses to see if her accounts qualify for a charity write off, which I don't want to provide. + +Will I need to file something with the courts? I had no idea what her financial situation was like, what she owed and to whom. The hospital said she has something in collections, which I didn't know about. Can someone point me in the right direction? Thank you. +I am an NRI graduate student in the US. My parents sent me $17000 from India for tuition fees via wire transfer in 2019 but I did not use it as I got a scholarship. I am graduating now and do not need the money, hence wanting to return it. + +&#x200B; + +I am wondering what the tax implications are for returning the money. From what I read, it seems that the amount will not be taxed in India since I'm sending it to a relative's (mother) account. But the US might (will?) consider this amount taxable since it is above the $14k (or is it $15k?) limit for gift's per year. Is there any way to avoid this tax since it's not money I earned in the US that I'm returning? + +&#x200B; + +I also want to ask what would be the best way to transfer the amount? I am currently planning to use Remitly/Xoom and do one or multiple transactions (due to sending limits) directly to the parents account. I also have NRE and NRO accounts of my own. Would it make sense to transfer the money there first? + +&#x200B; + +Thanks in advance! + I posted this in some of the comment sections but it was lost in the shuffle. + +It is very important to draw attention to the fact that most (if not all) brokers provide **Excess SIPC insurance** for their brokerage accounts. These excess insurance policies cover well beyond what the SIPC covers, typically into the hundreds of millions of dollars. + +I checked into Fidelity and found the following information: + +Fidelity provides excess SIPC insurance up to $1 billion for securities across all of its brokerage accounts and up to $1.9M, per customer, for cash assets. This is beyond what the SIPC is providing and debunks a lot of the FUD posts about how you're going to lose all of your money in the event of a default. + +You can find the Fidelity information on the page titled **Safeguarding Your Accounts** on the **SIPC Coverage** tab. [https://www.fidelity.com/why-fidelity/safeguarding-your-accounts](https://www.fidelity.com/why-fidelity/safeguarding-your-accounts) + +u/[twitchy\_eyelid](https://www.reddit.com/user/twitchy_eyelid/) also provided information regarding TD Ameritrade, who provides excess SIPC insurance for $149.5 million worth of protection for securities and $2 million of protection for cash. [https://www.tdameritrade.com/retail-en\_us/resources/pdf/TDA1209.pdf](https://www.tdameritrade.com/retail-en_us/resources/pdf/TDA1209.pdf) + +I would imagine other brokers offer similar insurance, however I only checked Fidelity and TD Ameritrade. + +**Please still DRS your shares**, however don't lose sleep about only having SIPC Coverage on whatever remains in your brokerage account. + +Edit: original post said Fidelity excess insurance covers $1B per account, which was pointed out is incorrect. The $1B excess coverage is across all accounts. + +Edit 2: changed some of the wording around stating excess coverage provides “far beyond” coverage +GameStop launched its beta NFT marketplace yesterday and blew past approx. $1.7M in transactions, and that's only considering the top 25 collections on the platform. NFT's up for trading currently range from images, gifs, 3D models, music, and TV shows. This is just the beta state so what's up on the marketplace is quite limited. It's still surprising how much volume was achieved already, most likely due to the hype surrounding its first day release. + +I don't see any games on there yet, but I suspect these are forthcoming once GameStop patches up the bugs and the marketplace is out of its beta state. It's part of GameStop's roadmap with its partners it is a thing, just a matter of when. What I'm super curious about though is what kind of content is possible outside of the gaming and art scene. + +Hoping for a legitimate discussion about the long-term success of GameStop's marketplace and what that means for the stock. I mean, the website looks pretty sleek and there's some really cool and really stupid content on there, but seems like there is potential if popular brands start jumping in and releasing exclusive NFTs. + +https://nft.gamestop.com/ +I’m currently holding TD eSeries for the Nasdaq, US S&P500, CA S&P500, and international. + +I’ve been considering switching to a XEQT or VEQT ETF and just let that grow with a monthly contributions + +TD charges $9.99 per commission. Which adds up quickly. For those of you that switched, + +- what broker did you switch to? + +- What ETF did you replace your eSeries with? + +- How was the transfer experience? + +- What should I be mindful of? +I know it sounds bearish (long term I am still hyper bullish on ETH), but I feel as though it is a little early to be calling a victory of survival just yet. Many times in the past, there is a fake out to the upside after a big dip. This often results in further downside. + +I would be grateful if the worse of the dip is actually over, but we need to close a daily candle above $3K before I’m happy to say that we have been through the worst of the dip. + +Happy Hodling 🙌 +I'm seeing so many promotional posts or clickbait titles to random "news" and shill level content rather than what we want to see: Discussion on the market. It's really annoying the past few days when you can't find a single post about price or market health but there's a bazillion on ICOs and different projects. +"[Ethereum guys] got led in by the concept of smart contracts and all the decentralized politics built in around that. But I think that that emphasis, whether political first or technical first, is a huge driver. Because the Ethereum community generally speaking is pretty typical for nerds. It's much like a Linux user group. The Bitcoin stuff on the other hand is a very typical space for hard core libertarians.” + +“Cryptocurrency is a frontier, and it's a frontier that requires an enormous technical complexity to survive,” Gupta said. “As a result, what you get is very very smart, very forward looking, very risk hungry technical people in huge numbers. And that's genuinely a unique environment, that doesn't happen very often, and when it does happen, you tend to get explosive breakthroughs in technology.” These futurists will one day be right; it is just a matter of when. + +https://www.forbes.com/sites/rahulsingireddy/2017/10/18/this-revolution-will-be-tokenized/ +It's a 3 day weekend and the shorts are trying (but not succeeding very well) to generate negative sentiment and a downward trendline going into the weekend. The veteran apes around here aren't going to be phased by that, but we all were at some point early on. + +New apes, be VERY WARY of this weekend. There are going to be constant media articles attacking you or calling you stupid. There might be politicians/media pundits begging you to sell. This FUD could spread to your own family/friends who try to put pressure on you. There are also people who will try to get you to day trade, set stop losses, etc. These are equally as bad. + +Additionally, I'm not sure if you noticed but this subreddit just got a TON of new users, a portion of which are likely shill bots. There's going to be forum sliding, sentiment flipping and every other tactic thrown at you. This same thing happened in WSB when it grew by millions of users in a single week. + +**This is your boot camp starting now.** This is what will prepare you to hold during the squeeze. You can either turn everything off and just not pay attention (which is the easier method) or you can stare it all in the face and laugh (but don't laugh at your friends/family, be kind and patient with them). I chose #2 and it steeled me very well, but not everyone can handle that. If the FUD starts getting to you, back away and come back to /r/Superstonk. Just realize that this sub could even become compromised (although I have immense trust in the moderators who have been top notch). Stuff happens though. Hell, Pink's phone might have gotten hacked a day or two ago (I didn't follow up on that). + +Seeing these slimy tactics over and over is how the rest of us effectively killed our emotional swings and became diamond handed. You want to be like the rest of us on shorter notice than we had? Well, this is your crash course. + +EVERYTHING leading into June 8/9 is going to be ugly. Find that one reminder that keeps you grounded: + +"The crypto dividend will end this" + +"They wouldn't be doing this if they weren't desperate" + +"If DFV is still in, I'm still in" + +Pick a sentiment, there are hundreds. Almost everything we thought would occur has occurred to a T and we have a guaranteed victory as long as we stay strong and do not paperhand the shares. + +If you can pass this course then you'll wake up on the moon. Stay strong, apes. + +&#x200B; + +*This-is-not-a-financial-advice.* + +&#x200B; + +**Edit:** In the event that this subreddit goes down, go here: [https://twitter.com/redchessqueen99?lang=en](https://twitter.com/redchessqueen99?lang=en) +In 2008 the subprime lending game (and greed) caused the recession. This time around it seems like geo-political issues will be to blame. Isn't this all very much preventable? + +edit: Maybe I'm just older and wiser, but it's like I see this unfolding in slow-mo right before my eyes. +Googling "skills needed for day trading" gives me pretty unhelpful answers, unfortunately. It's always soft skills like "focus", "research", "discipline", ... yeah yeah yeah, I understand all that. I'm looking for the real stuff. What mechanics do I actually need to learn? examples + +* Learn how to read charts X, Y and Z (what kind of charts?) +* Learn how to read Indicators (what kind of indicators?) +* Learn what it means to go Long or Short +* Learn how to analyze earnings (where do you get this?) +* Learn how to read SEC filings +* Learn how to use Level 2 +* Learn how to read the tape + +Can you guys recommend a book or anything that goes over all the more specific skills needed to get started? +Well over a million new users reportedly on Coinbase alone in the last few months, vast majority waiting to get verified or their limits increased. I have two friends waiting weeks, one very well capitalized ready to buy well over a $100k worth of ETH. When Coinbase finally catches up things will stabilize and the price of ETH will start to go up again, BTC too (assuming it gets through Aug 1st) + +&nbsp; + +Right now USD is like a lake and ETH a river, and the only thing connecting them is small pipe, when that pipe gets bigger or the more pipes are added, the flood will resume. You can't expect a crypto asset with a market cap like ETH to continue to grow at the same rate when the the primary onramp from Fiat(USD) is under construction or largely closed. It's just a shame how many will give up waiting. + +&nbsp; + +ICOs my ass, the problem is ETH has grown so large that there's no enough new money coming in to sustain price growth because the largest broker/exchange can't handle it. +*Re-posted from the daily, because I believe this is an important one for us to keep in mind. All time highs make me more contemplative than usual. I was thinking back to my journey with ETH over the past year. Some your journeys have been longer, or they have been shorter, but no doubt, we've all been on this path together.* + +Buy BTC in 2013, sell for a loss in 2014. *Swear off crypto for good.* + +Reopen Coinbase years later in December 2016, see this new coin with a weird name called Ethereum. *Close and get on with my life.* + +Watch ETH soar from $8 to $40. *Research and realize this is the real deal. Lose sleep because you realize how big of a deal this actually is.* + +Hope ETH doesn't go above $50 in the short term. *Buy as much ETH as my Coinbase and bank accounts allow, and watch it crush through $50 while buying all the way up.* + +Watch ETH skyrocket to $300, up to $420. ***Hold.*** + +Watch ETH drop back to $300, down to $150, back to $300...for months on end. ***Hold and buy as much as possible.*** + +Watch ETH soar to $700+. ***Hold.*** + +Watch ETH price go to ??? next. ***Hold.*** + +Wait for Proof of Stake. ***HOLD. And profit from the earnings, never the principal.*** + +***But holdin' ain't easy.*** Holding is one of the hardest things I've ever had to do in my life. Holding is harder than trading. (Good) traders take calculated risks and seek appropriate returns for their risk profile. + +**Us holders instead are betting on a bold future- one that is better than the world that we live in today.** One that brings every soul on this planet into a single, more inclusive, and fair economy. It can be easy to lose sight of this day-to-day, when the price goes up, down or even stays flat. But don't lose sight of the end game here. If you need to take profit, do it, but know that there could be a major opportunity cost associated with doing so. + +I'm came to ETH for the money, but I've stayed here because of so much more than just that. ETH could become a foundational technology of our civilization and usher in a great, new era of commerce and (hopefully) harmony. If you think I'm just being hyperbolic, then spend some time to learn more about the coin you are holding. + +I want to be a part of that, in my own way. And if I profit from it, I plan to be extremely generous with the tremendous boon it may confer. + +**To our new friends, welcome. You are part of something bigger than yourself when you hold this coin. Never forget that, and never forget others if you succeed economically from it.** + +**To Vitalik, the Foundation, and everyone involved in the Ethereum ecosystem: I'm proud of everything you've done and everything you have planned. Your work is not done yet, but you have captured the hearts and minds of so many with your vision. With support like that, I have no doubt you will succeed and humanity and the entire planet will be better off for it.** +&#x200B; + +https://preview.redd.it/wzk89o8710i81.png?width=928&format=png&auto=webp&s=66aa6648e9aa124647c5fb298cfcfc4e7b16aeb3 + +The Swaps repo made available by the SEC is available here: [https://pddata.dtcc.com/gtr/dashboard.do](https://pddata.dtcc.com/gtr/dashboard.do) + +The site is hella boomer, so you'll have to use Internet Explorer for the Historical Search due to security in modern browsers. + +# The Cumulative Slice Reports have historical data in them, so that's the quickest path to Excel. + +# Edit: + +Since I'm not willing to back down and I see some comments filtering in, I will update this post as I try to grow a wrinkle today. + +Here's the current view I'm looking at. I've collapsed empty fields and starting to highlight fields that seem interesting, according to the data dictionary located in the appendix of the guide located here: + +[https://kgc0418-tdw-data-0.s3.amazonaws.com/gtr/static/gtr/docs/RT\_PPD\_quick\_ref\_guide.pdf](https://kgc0418-tdw-data-0.s3.amazonaws.com/gtr/static/gtr/docs/RT_PPD_quick_ref_guide.pdf) + +This link is also available at the top of the site, if you don't trust me, bro. + +&#x200B; + +[Data that seems interesting to me...activity on interesting Execution Timestamp dates.](https://preview.redd.it/hobmn62ib0i81.png?width=2793&format=png&auto=webp&s=5740980d40e6816fbfa92dfc55cdff24f90baf91) + +* Download the Cumulative Slice zip file +* Unzip, open in Excel or tool of choice +* Custom filter: Underlying Asset ID = "GME.N" or "US36467W1099" +* Sort by Execution Timestamp + +That will give you the subset of data for GME appearing in the screenshot above. + +The reason I highlighted the two yellow rows is due to the "BasisPoints" in the "Price Unit Of Measure 1" field, which differs from all the rest. This seems to indicated a risk situation where they are lending according to one rate (such as LIBOR) and borrowing at another rate (such as Treasuries). Source: [https://www.investopedia.com/terms/b/basisrateswap.asp](https://www.investopedia.com/terms/b/basisrateswap.asp) + +I'm currently checking out the rows with Product ID = "Equity:ContractForDifference:PriceReturnBasicPerformance:SingleName" and putting each instance on a chart to see how they affect or correlate with price action over the next few dates after they are effective. + +Reference: [https://capital.com/derivatives-trading-cfds-vs-equity-swaps-what-s-the-difference](https://capital.com/derivatives-trading-cfds-vs-equity-swaps-what-s-the-difference) + +Apparently, these swaps may be a put or a call, but none of the fields in the data for options are populated for any of these rows. So, for a particular row, it's not clear which direction they are betting on besides the Price. + +Still working on it, but here's the first several rows on a chart with lines and stuff... + +&#x200B; + +[UPDATED: This is not TA, so bite me.](https://preview.redd.it/2rrf6uf8i2i81.png?width=2292&format=png&auto=webp&s=72cbd43b471f7b184431ef33d3ce5818d368e2d8) + +Anyone care to overlay the "call to options" FUD against these dates? + +It seems that in the ones starting after 12/21 (first with strike over previous close), that the price (and possibly whether it's a put or call) has been playing ping pong to keep the price from straying too far, which seems a nod to the Variance Swap DD. + +# EDIT 2: + +~~So, I was focused on the date of the CFDs as I placed the lines on the Day bars, but looking at the Execution Date again, these swaps always occur right before market close by a minute or two. That finally explains the massive red volume dildos at the end of the day.~~ + +~~Could it be that they setup the contract at the beginning of the day, which allows them to short the shares throughout the day and that final shot is the balance? According to 2/14 CFDs, that would have been 220,000 shares to short throughout the day and a final shot of 32.966k volume right before close.~~ + +# Edit 3: + +I think I don't know very well how CFDs work, so I'm going with the Edit 2 statements are completely smooth brain, so removing to prevent misinformation. +So what happens when you retire young? Here's an article on a couple that retired at 35, and are now in their 60s. +https://www.forbes.com/sites/nextavenue/2014/09/09/30-years-ago-they-retired-at-35-an-update/ +From the article: "over the 15-year investment horizon, 92.33% of large-cap managers, 94.81% of mid-cap managers, and 95.73% of small-cap managers failed to outperform on a relative basis" + +https://www.aei.org/carpe-diem/more-evidence-that-its-very-hard-to-beat-the-market-over-time-95-of-financial-professionals-cant-do-it/ +New to investing (25), TFSA started in late FEB 2021 and this was my first time deciding to sell some of my stocks at a loss. + +While It was a relatively small investment (about 3% of my portfolio). I decided to sell two of my clean energy stocks in my portfolio at a loss and reinvest it. I was down 9 Percent on BEPC and down 4 percent on XBC. + +With this money, I increased my holdings in AQN and start a position in ZCLN (BMO Clean Energy ETF) + +I got caught into the clean energy hype and didn't do my DD. I know it could have been a good long term hold but BEPC has been by far my worst performing holding and I feel this money could do better elsewhere in AQN and ZCLN. I also did this in a bid to consolidate my investments into less stocks, and move more into ETF's. + +What do you think of my move? + +Edit: TFSA Account +Hello everyone! + +I am 23 and just graduated from college. I am starting my first job in a few weeks and I am planning on investing around 30%-50% of my salary each month in a dividend stock portfolio. I have been interested in investing for the last few years, watching some videos, reading blogs and reading books about dividend investing, so I know the basics of investing. I also plan on investing 10% of my salary on a retirement account based on the S&P500. + +Do you have any tips or general guidelines I should follow? What stock screener do you use to make your stock picks? Are there any YouTuber or blog or book that you recommend? + +Thanks in advance! +Hey guys, this week [MakerDAO](https://makerdao.com/) and [Wyre](https://www.sendwyre.com/), announced the availability of Dai as a trading pair, allowing for fast and compliant conversion of fiat currencies to Dai (Maker’s stablecoin). + +We thought you might have some questions on the partnership, fiat on/off ramps, or anything else happening with our projects or in the crypto space in general. + +You can read the full announcement [here](https://medium.com/makerdao/makerdao-and-wyre-give-businesses-immediate-access-to-dai-stablecoin-in-over-thirty-countries-4fe94957c730). + +Also, if you’re in the Bay Area, join our [hackathon](https://medium.com/makerdao/makerdao-and-wyre-host-unblock-hackathon-come-join-us-this-weekend-in-san-francisco-54eab4b90add) happening this weekend. + +We’ll begin answering questions at 11am PST, and we’ll be checking in periodically for the rest of the day, so keep the questions coming. Excited to chat! + + +More info on Maker: + +[MakerDAO.com](https://makerdao.com/) + +[r/makerdao](https://www.reddit.com/r/makerdao) + +[Join our chat](https://chat.makerdao.com/) + +[@makerdao](https://twitter.com/MakerDAO) + + +More info on Wyre: + +[sendwyre.com](https://www.sendwyre.com/) + +[Blog](https://blog.sendwyre.com/) +Idea of /u/farmpro in daily. I think we really need that. We can croudsourse through ethlance sponsorships. It shouldn't cost more than 20 ETH. What do you think? +Hey apes, + +I feel like a trap is being laid out, there was constant posts about how the pattern of the last month must repeat, and then it didn’t repeat on the exact same dates (go figure), and now it’s said that the price might drop after earnings. + +I believe that all of this is FUD. I think we are in the absolute endgame now, swaps uncovered, dead stocks reanimated, stock market and commodities basically trading sideways. + +Im not gonna get clouded by all the FUD, all I know is Buy & Hodl. + +Edit: holy diamond, this blew up. +What do I mean exactly with trap? Well since the stock hasn’t exploded as much as the last times, I feel like the FUD is to get people to sell now, because it “will crash much harder” after earnings. I feel like they just want to get more paper hands now because it’s almost the end. That’s all, so, just Hodl, don’t daytrade, you’ll miss out. +Yes… like many people this year I really got into investing but honestly I’ve been obsessed for 6 months which I know is very little time but I have given it my entire life for the past 6 months. To a unhealthy degree probably, the rest of my life has suffered in consequence but that’s a whole different problem + +I got all the monitors, i learned TA, I read about the market, I wake up early every morning at 5 to get started, I read about the markets, listen to podcasts. + +I started with 100k and grew that to 150k when the market was easy pickings. And now im down to 30k. and yes it was mostly due to options. + +My investing confidence is low. Im starting to think maybe im just not good at this. But I hate quitting. And I really want to succeed but day after day I have some flat days, some a little up, and some a little down, but then every 2 weeks I have a majorly shit day where I loose a lot. Im clearly doing something wrong. + +Has anyone been in my shoes and been able to turn it around? I’m considering paper trading all next week and just trying to reclaim the other parts of my life. + +Words of encouragement would help, or honest suggestions that I should just quit. Either or, just be nice! I’m already feeling shit about 1. Not being to get the hang of this. 2. About loosing all this money. +AusSuper, for example, have investment fees of 0.6% for the balanced option + an admin fee of $2.25/week. Even with the $25k concessional contributions, each contribution still incurs is 15% tax on the way in. + +Compare this to holding Vanguard funds with management fees around 0.22%, and PAYG tax rate, you can still be ahead of super over 30 years assuming all else is equal. Especially if you release the funds as an income stream as a couple in retirement ($36k tax free per year, negating CGT. + +So if the outcome can be the same, why do people elect to lock the cash away? Surely the opportunity cost of Super makes ETF investing a no brainer by comparison? + +Or have I missed some math? Is it to do with compounding a bigger amount, since we make contributions with salary anyway? + +EDIT: What a great community. Thanks guys. +On my third glass of Henney I was feeling social so I was trying to get to know a little bit about everybody. I meet this one gentleman who starts asking me about what I do for work. I work in the hospital and one part of my job is assessing a persons behavior, or rather “reading people” to ensure medication compliance or trying to see how truthful patients are regarding drug intake and what not. Naturally as the conversation gets slow after I talk about myself, I decide to flip the script and asks what he does. “I work for citadel.” My eyes open wide and I begin thinking of genuine questions to learn more, trying to avoid the whole moass bit. I reply “That’s very interesting, I’ve only heard of citadel on Reddit. I’m not much into the scene, game stop right?” I kid you not his next unsolicited reply: “yea that’s them, we didn’t do anything wrong and we covered back in January” his tone and speech pattern completely changed and was more pressured. I let the convo end there so we could all continue to enjoy the night. + +Tl;Dr hedgies r fukt +So I am a rookie. I got a call from a brokerage and after some discussion with a sales guy I was convinced to start an account with the minimum amount ($100) to try it out. +Fast forward to talking to my assigned financial advisor and he tells me he needs me to invest ($10k - $15k, which I can’t afford) so he continues managing my account. He further describes my $100 trial as pocket change and specifically told me to take it out and buy some shoes. +Now after ignoring the insults I continued trading myself. I lost most of the $100 but I couldn’t help but think that if I had more capital invested I could wait out certain fluctuations. +What do you guys think is a good amount to start trading and growing the account. And are there certain strategies that can be applied to small accounts? +Gonna start my second live forex account, didn’t fully blow the first account just took out all the money. Last account my put in $600. Came out with $400 profit in two weeks but this time I plan to put in $3000 just curious to see how much consistent forex traders make. +I’m in a bit of a unique situation where I’m planning to purchase a home (we have a multi-generational household with 2 kids and grandparent). Currently we’re renting a home worth 3.5-4M for ~7.3k/mo in the SF bay area. The rent/buy equation heavily favors renting, but for stability we’re wanting to buy and live in our area long-term. + +Currently I’m budgeting for a 2.5-2.7 M home in good school districts. Grandparent will chip in 1M and I’m thinking to pay ~1M cash and take out 750K mortgage to the new SALT deduction cap. Property taxes will be ~25-30/yr but deduction is capped to 10k/yr, but I think that's per person filing taxes. If my wife and I can claim 10k deduction and grandparent 10k that would be ideal. Is that possible? + +How should we structure the arrangement to achieve those goals? Some kind of partnership structure (LLC)? Or can several individuals own the same home and both claim as primary residence? + +Any other advice or suggested changes to the plan? I’m about 8M net worth right now (500k HHI), and know we may be buying at a peak but just want the stability (not expecting huge return from the house). Once our kids are in public schools in 5 years our spending should stabilize to 150-160k/yr…I’d like to have flexibility to drop our household income for few years to pursue projects / new businesses ventures… + +Anything I'm not considering or missing? +I’m curious if anyone has a nice list of HNW account types at the various banks, minimums required to qualify, and associated perks. I found [this article comparing Chase Private Client with the Wells Fargo Private Bank](https://www.investopedia.com/articles/managing-wealth/061616/chase-vs-wells-fargo-which-best-highnetworth-accounts-jpm-wfc.asp), but haven’t found a broader survey. + +I’m currently looking to find the best places to “park” assets to meet perk minimums without paying for active management and the various other fees they charge. For example, Chase Private Client has a decent signup bonus of $1250 and a few decent perks, and it seems to be possible to get it by transferring $250k of index funds from Vanguard to it, so I’ll probably do that and leave it alone. I’m seeing conflicting data on minimums from Wells Fargo but it’s either $1M or $2.5M and they seem to have some nice mortgage rate discounts and other unusual benefits that might sway me to shuffle some Vanguard over there too. If all I have to do is say no to an active management salesman once every few months, I don’t mind. + +Anyone have experience shopping around for these sorts of things? As far as I can tell, there doesn’t appear to be any harm in using them to park assets (I don’t keep much cash around so checking yields aren’t interesting to me), and while the benefits aren’t slam dunks or anything, some can be decent. + +Edit: come to think of it, this feels like the beginning of /r/fatchurning, but I’ll hold off! +Title: $1mm NW at 29 Software Sales FIRE Journey + +Wanted to share my journey to FIRE and long term plans in case anyone else was curious about options to hit FI fast or FatFIRE without becoming an engineer, lawyer, or going FAANG. For the majority of my career I’ve worked in software as a service (SaaS) sales. /r/financial independence didn't show me any love, hopefully it's more appropriate here. + +Lost my job in December after some management changes, took a sabbatical for 4 months, and started a new one about 4 months ago. Last gig was mid-market sales and I was driven to be the top rep. There was a very quarterly driven cadence and I much preferred to work major deals or ones that would feed me in the future. I succeeded, getting rep of the year in 2019, #1 out of 140 with $6mm in total contract value. Then I was fired 8 months later for performance. My 2020 numbers slipped with COVID, what have you done for me lately? + +The sabbatical put everything into perspective. Rise and grind is a toxic attitude and taking time away from sales culture made me realize I was addicted to working. Sales glorifies folks working on their days off, going to ridiculous lengths to close a deal, and spending your money as soon as you get it. Stories available by request for each. As the saying goes, a sales manager loves when his reps have a baby, a luxury car payment, and an addiction. Taking time off then working from home to get away from it made me like myself more as a person. That said, Sales is absolutely the right career move to get to FIRE as fast as possible without investing years to learn a new skill like coding. I don’t regret it. + +Now taking a much more laid back approach to work since I realized the stress wasn’t worth it. New job is Enterprise sales and much more long-term focused. While the accounts are bigger and the problems more complex, it’s much easier for me to deep dive learn the business of a handful of companies than dozens. + +I can make $400k+ grinding 60+ hours per week including Sundays, riding around in Ubers 7am-8pm for face to face meetings, drinks, and dinners, or I can make $250k-$350k doing it from home starting at 8, cutting out at 5pm (3 on Fridays), going to the gym, and getting a good night sleep. Competing to be a top performer is stressful. Chilling out and helping people with the problems they’re explicitly trying to solve is not. + + +**Goals** + +Retire at 32 so my partner can take an international job which moves around every 2 years and I can get promoted to trophy husband. I’d like to get to $1.6mm before then, but I’d be ok with doing FIREing at $1.3mm since housing will be taken care of by her gig. Game plan is to find a fun job to keep me busy 10-20 hours per week, get more serious about a hobby like writing or cooking, or volunteer. + +**My Story** + +**2014: Income - $30k. Assets at EoY - $5k. Spent - Unknown. Debt - $30k** + +Graduated from an instate undergrad in 2013 with $30k of debt. Spent 5 months looking for a job, eventually landed at a branch of a bank opening business bank accounts ,credit cards, etc. Started mid-year at a salary of $45k + Bonus. Pretty much treading water + +**2015: Income - $60k. Assets at EoY - $10k. Spent - $36k. Debt - $20k** + +Small raise, left the bank, joined a software company selling data software. Technical proficiency was a big part of the role and I had a background in statistics from my undergrad, but had to learn the basics of selling over the phone B2B. Salary of $45k with an on target earnings (OTE) of $76k. + + +**2016: Income - $115k Assets at EoY - $50k. Spent - $35k. Debt - $0** + +Small raise, but commission really made a big difference. Used 1 commission check to pay off all of my remaining student debt. Ended up getting top rep of 120, maxing out my 401k, ESPP, Roth IRA, and getting a few RSUs. + + +**2017: Income - $140k. Assets at EoY - $130k. Spent - $38k** + +New job at a Series A startup with the promise of a $365k OTE and a base of $100k. Dun goofed, this was not the right spot and I ended up hating it. After struggling for multiple months I got saddled with the Christian Right Wing vertical where I found a ton of success despite being an LGBT atheist Democrat (political software). Out of the 16 people I started with in Sales only 7 hadn’t been fired by the CEO or left because they were morally against what the company was doing. After 2 bosses got fired, the Controller delaying commission checks because “I think you sales people get paid too much,” and having to do deal reviews with an operations director who had no experience selling I knew my time was over here. Learned not to work at super early stage startups and all the weird rules of back door IRAs. + +**2018: Income - $160k. Assets at EoY - $234k. Spent - $40.5k** + +New job at a best in breed company. In my first year win a few accolades, speak at our annual kick off conference, and building a solid book of business for next year. New company offers a mega backdoor 401k, start maxing it out along with the above. + + +**2019: Income - $415k. Assets at EoY - $606k*. Spent: $42.5k** + +Things come together. Close my first $1mm+ deal, then closed another one 8 months later. Tons of accolades, talks of big promotions, and lots of prestige. My partner started grad school so my rent went up significantly. + +* I think this number might have pulled forward some of the last few years assets since I did a bunch of consolidation and Mint doesn’t do well with this sort of thing. + + +**2020: Income - $340k. Assets at EoY: $880k. Spent - $44.5k** + +Offered a promotion in January, but turned it down for a variety of personal and professional reasons. Tax man cometh, owed 35k in April. Verbally offered a much bigger promotion I planned to accept in July which ultimately a new VP blocked. That should have been the writing on the wall, but I had a rough half because of COVID and was recently let go. That evening a C-suite client I’d been working with texted and emailed me asking if I was ok and immediately offered to connect me with his sales leadership if I wanted a job. + + +**2021: Income: Tracking for $250k, assets today: $1mm. Spent - On track for $45.5k** + +Received competing offers from 2 companies, one a start up and one a well established player. Decided I was done with the stress that comes with building a team so took the established player despite it being $15k less. Negotiated a 4 month sabbatical so I could unwind. Spent that time hiking, reading (up to 43 books so far this year), practicing my hobbies like chess, handwriting (was chicken scratch), working out, and cooking. Travelled a little, spent a ton of time with my family, recorded an interview with my mom about her childhood (favorite part), and visited my partner at grad school. New job is good, though it has it’s bullshit. Tax Man Cometh again. Owed the IRS $35k in 2021. Partner got a job that should lead us to living abroad in a few years when I retire. + + +**Spending:** + +Tended to live on the road for work so got all of my weeknight dining and happy hours (entertainment or peer coaching) taken care of by the company. Pre-COVID almost all the companies I’ve worked for provided breakfast and lunch. All the same my partner and I like to do a fancy dinner once a quarter and take out once a week. We’ve gotten a free vacation from my work 3/6 years which we like to extend. On the years we don’t we’ve done a reasonably priced vacation of about $1000-$2000/person almost always paid for with points. + + +**Lifestyle Inflation:** + +I’m a regular at a local watering hole that used to cost $4/beer when I moved here and now charges $12. Rent has gone up because I used to live with my partner but she’s in grad school. When I moved here I was paying $750/month, now it’s $2,000/month. When I first graduated making ~50k/year I lived on about $32k after taxes. Last year after making 340k I spent $44k. Now that my partner is back I’ll probably land closer to $35-$40k per year. + + +Over the last 3 years I purchased 2 luxury watches that set me back a total of $51k. Had both of them assessed this weekend and was offered a total of $74k. Selling on the private market they’re worth closer to $93k. These purchases were excluded from my annual spend metrics since they represent one-off purchases and would completely skew the numbers. + + +Overall I could have definitely spent less on food, booze, and toys. Know I could keep grinding at this and have $10m+ after 20 years, but I think 50 year old me would want the 20 years of freedom more. +**Tl;dr/conclusion:** + +**Looking at it from the level of the individual, a deflationary form of money is fundamentally a superior form of money to an inflationary currency. The rational move would be to hold such a deflationary form of currency, and to swap into inflationary currencies as needed. Given the possibility, it would be attractive for merchants and invididuals to accept payment directly in this deflationary form of money.** + +**While a comparison with gold and the flaws of transacting in gold is often made, these flaws no longer need apply. With the advent of crypto, we have the possibility to create a form of money that has the advantages of gold, without the disadvantages of its physicality.** + +\---------- + +I’ve seen this discussion pop up more often recently, so let’s dive in. In short, the argument goes that currencies need to be inflationary so that people are incentivised to spend. A way to see it is to think of inflationary currency as a hot potato — if you don’t do anything with it and keep it in cash, it’s going to decline in value. Therefore, you might as well spend it or invest it. If you know your food is going to be (ever so slightly) more expensive tomorrow, you might as well buy it today. + +https://preview.redd.it/jqt6kkb272c81.png?width=602&format=png&auto=webp&s=160fc72058667fe9322a18b346ad8f741c98cf86 + +In a deflationary form of money (for example a currency with a fixed supply) this incentive is absent. Because of this, people will hoard their money, rather than spend it or invest it. With no (or less) money being spent, merchants drop prices to try and entice people to spend. With dropping prices, consumers want to wait longer to purchase stuff, because they expect the item they intend to buy will be cheaper again next month, compared to now. + +What this has to do with crypto is that people will often make the claim that crypto can be seen as a store of value, rather than a currency. Save your money in a fixed supply asset that you know won’t be debased, spend your inflationary currency. Because of this, crypto won’t be used as money. People will hold (HODL) their crypto that is likely to increase their value, while spending their fiat money that will decrease in value. Because of this, no network effect arises for crypto, it remains just a savings (and speculation) vehicle. + +In the hope of having represented the argument of those that believe money should be inflationary correctly, I’ll now dive into why I believe this take is in a sense incorrect, and stems from issues with the specific forms of non-inflationary currency we have seen so far rather than a fundamental issue with deflationary forms of money. + +# Why deflationary money is a superior store of value + +When you have the choice between spending in an asset that is likely to appreciate in value (deflationary) or an asset that is likely to depreciate in value (inflationary) the rational move is to spend in the inflationary asset. You’d prefer to pass on the hot potato. However, as in a typical hot potato game, the receiver would then again prefer to pass on the hot potato as quickly as possible, while preferring to hold a harder form of money. + +The bigger question here is not whether an individual prefers to pay in an inflationary or a deflationary currency. Rather, it’s about why anyone would **hold** the hot potato, when there is the option of passing it on right away. If I’m a merchant receiving US dollars, and I can convert this into a fixed supply form of money right away, that seems like a smarter course of action. If the friction of doing so is low enough, I’d prefer to hold that harder form of money even if I have to convert back into inflationary currency a few days later. + +# Run this process through to its conclusion and the question becomes: who is holding the hot potato, and why? + +The current answer to this is that the hot potato has some characteristics that make it attractive to use and to hold at least some of it. It tends to be more stable than the fixed supply money. While the hot potato money might fluctuate 2–30% against other currencies on a yearly basis, the fixed supply asset currently might fluctuate that much in a day. As an individual or business who can’t afford to see 30% of their spending power wiped out in a day, such fluctuations are undesirable. There’s also the fact that governments like to be paid in this hot potato money and it’s commonly accepted in most places, which gives hot potato money a great network effect. + +# What about people not wanting to spend deflationary currency? + +I believe this argument assumes a flexibility in humans that is at odds with how people live, and that is at odds with what history has shown us. + +Look at how much the average person is making, and at how much the average person is spending. Most people are far more preoccupied with paying their rent, mortgage, buying food and other necessities than they are with the value of their money. As a fun thought experiment — say you need a toothbrush. would you postpone buying a toothbrush if you thought it would be 1% cheaper next month? + +There are very specific examples we can point to here. Technology (and most things in life) get cheaper over time. Say you were in the market for a television. Specifically, it’s March 29th 2020 and we’re thinking an [LG OLED55CX6LA](https://tweakers.net/pricewatch/1540272/lg-oled55cx6la-zwart.html) would be great to have. It’s top of the market. We check the price, and it turns out it retails at €2099. A bit steep. + +We decide to postpone our purchase for three months. On June 29th 2020, it turns out we can already get the TV for €1668! Three months later, on September 29th 2020, it’s €1299. A full year later, we can get this exact same TV for €1098. + +https://preview.redd.it/hhlfb2f372c81.png?width=602&format=png&auto=webp&s=e63ffdb347c51b427ac925bf20e67c7a85a88014 + +Most people are well aware of this, and know that it holds for televisions, entertainment, computers, fridges, dishwashers, and a plethora of other things. Nearly everything gets cheaper if you keep the quality equal. Yet people do not wait infinitely. They buy what they want to have now, or when they’ve saved up enough money (or even use credit to do so). + +This is no fluke. A great piece of research on the “[Rate of Return on Everything, 1870–2015](https://www.frbsf.org/economic-research/files/wp2017-25.pdf)” shows that the real rate of return on government bonds & bills has been positive, taking into account inflation (p17), for most countries in the world. Since the 1980’s it has been on average positive for every country in the world. + +https://preview.redd.it/4pvcdf4472c81.png?width=602&format=png&auto=webp&s=39df26ee074629812708c7cfbefddc91524bc9b9 + +Data for bank savings accounts are harder to find except for specific countries. When we look at specific countries, bank savings that are insured by a government deposit guarantee tend to offer an even higher interest rate than government bonds & bills. + +It is commonly stated that people would postpone purchases and investments under a deflationary money system because people’s money would be worth more tomorrow or a year from now. What the above shows is that there is a safe asset that people can already invest into, with small or large amounts, knowing their money will be worth more in a year from now, yet we haven’t seen a deflationary collapse yet. It shows that people can already have “deflation” work in their favor by postponing buying a new TV, or computer, or a myriad of other things, yet we haven’t seen a deflationary collapse yet. + +# How could a non-inflationary currency work as currency? + +Earlier in this article I mentioned how inflationary currency can be seen as a hot potato that is constantly passed on. The question turns into who holds the hot potato. An even more important question is **why**, fundamentally, anyone would want to be holding the hot potato. + +Thinking about it from a fundamental point of view, I would prefer to hold as little as possible in a form of cash that depreciates. In other words, when I receive payment in inflationary currency, I would prefer to exchange it into hard money as quickly as possible. When paying others, I would convert back into inflationary currency as needed, and pay them. + +However — as this continues and more people think in this way, the step of converting back into inflationary currency makes less sense. If I want to hold my money in a fixed supply currency, and you have a fixed supply currency but are converting to inflationary currency to pay me with, that seems like an inefficient form of exchange. + +As a merchant, I would gladly take your fixed supply currency, and could let you know that I accept this fixed supply currency for payment. It saves you the hassle of converting fixed supply into inflationary currency, it saves me the hassle of having to swap that inflationary currency back into fixed supply currency. + +Full efficiency is gained when we have a form of money that is both a fantastic store of value and a fantastic currency. The two strengthen each other — so why have we not seen this so far? + +# The gold standard and its flaws + +At this point you’re probably wondering why I haven’t touched upon the gold standard yet. It’s an example of a relatively fixed supply currency. Yet as we broadly observe, it is not in use today, while gold does serve as a store of value. Why is that? + +Many economies have had a direct gold-based exchange system at times. Gold (and silver) coins were widely circulated — the Roman aureus was a gold coin, later replaced by the Byzantine solidus. Italian denari, Spanish dineros and the Florentine florin are well-known examples. + +These currencies were used within countries and internationally. Gold is a base layer asset, the value is in the physical gold itself. Because of this, no trust was needed when transacting. A country having a debt settled by another country preferred this to be done in gold, because once paid it was fully settled. There was no debt claim, no need to trust the counterparty beyond the simple exchange. + +However, carrying around gold is inconvenient at best. Amongst other issues gold is heavy and can be stolen. To solve this issue, credible parties (which we today think of as banks) offered to store gold in a secure place, giving a paper claim to the deposited gold in exchange. As long as the credible party was credible enough, this paper claim was “as good as gold”, while being far easier to transport, protect and use. + +However, this also allows banks to lend out this gold to others, in exchange for interest. As long as not everyone comes by at the same time to retrieve their gold, this would work fine, and provides some income for the bank. + +In the interest of keeping this short, Ray Dalio’s “Principles for Dealing with the Changing World Order: Why Nations Succeed and Fail” is a fantastic read. It goes into the next stages of such a system and why we see ebbs and flows in hard money and fiat money. + +The important part for this analysis is why we’ve repeatedly seen the move from using gold as a pure medium of exchange to claims on gold and ultimately fiat. It’s not because gold’s (relatively) fixed supply fundamentally makes it unsound to transact with. It is gold’s other characteristics, such as limited portability/transferability and divisibility, and its security costs, that mean it is not ideal for use as a medium of exchange. + +Gold is heavy to carry around. It’s expensive to transfer large sums, because the risk of it being stolen increases, so you would need to pay for security. It’s hard to divide it down to small amounts — try paying a few cents in gold. Conversely, try paying very large amounts in gold to someone far away. The transport costs would be large. + +# Fixing these flaws + +Say we were able to create an asset that had a demonstrably and unchangeably fixed supply, while fixing the flaws with gold. This asset could be carried anywhere easily, and you would be able to transfer 2 cents as easily as you were able to transfer 2 billion. Such a transfer would be confirmed instantly, while the transaction would not cost you any fees. As in gold, it would be paramount that such a transfer happen trustlessly, and that there is no way for people to spend money they do not have. + +The idea behind cryptocurrency is largely to offer such a form of money. This is one of the reasons a lot of money is flowing into crypto, and that many people are so enthusiastic about it. Bitcoin was a first version of this, but has some flaws. As an example, transferring Bitcoin is not instant, and it costs a fair bit. It’s not extremely divisible, and most importantly does not ensure security. + +Bitcoin’s security comes from decentralization, from many miners competing for the rewards that come with mining Bitcoin. At the same time, mining Bitcoin comes with economies of scale due to the way Bitcoin is designed. In other words, Bitcoin is designed to encourage centralization and loss of security over time. For more info, see [“**Why 99% of cryptocurrencies centralize over time”**](https://senatus.substack.com/p/why-99-of-cryptocurrencies-centralize)**.** + +That does not mean crypto as a whole has failed at this. Nano is a cryptocurrency that offers instant transfers at zero fees, from anywhere in the world to anywhere. It is a fixed supply, and almost limitlessly divisible (up to 30 decimals). As opposed to Bitcoin, Nano does not centralize over time, instead decentralizing ever further. + +In the interest of not making this article even longer, I would link to “[**crypto as a store of value**](https://senatus.substack.com/p/why-nano-is-the-ultimate-store-of-value-and-reserve-currency-3b0318844bc8)**”** and [**“the long-term future of crypto”**](https://senatus.substack.com/p/on-crypto-as-a-store-of-value-bitcoins) for those interested in the ways that certain cryptocurrencies have solved these issues. + +# Conclusion + +Looking at it from the level of the individual, a deflationary form of money is fundamentally a superior form of money to an inflationary currency. The rational move would be to hold such a deflationary form of currency, and to swap into inflationary currencies as needed. Given the possibility, it would be attractive for merchants and invididuals to accept payment directly in this deflationary form of money. + +While a comparison with gold and the flaws of transacting in gold is often made, these flaws no longer need apply. With the advent of crypto, we have the possibility to create a form of money that has the advantages of gold, without the disadvantages of its physicality. + +*If this article interests you, I would first and foremost recommend the article* [***“On crypto as a store of value, Bitcoin’s incentives, and the long-term future of crypto”***](https://senatus.substack.com/p/on-crypto-as-a-store-of-value-bitcoins)*. I would also recommend this analysis of* [***“The theoretical best form of money”***](https://senatus.substack.com/p/creating-the-theoretical-best-possible)***.*** + +*Mostly, I would love to hear comments and feedback. I’ve written this down to improve my own thinking, and am open to hearing where this is plain wrong or where my thinking could be improved.* + +\--------------- + +#### Adding in a FAQ since some questions have been asked many times. + +**Question: Won’t people stop spending money if their money is deflationary? Won’t businesses stop investing?** + +Answer: As it stands today, using those assumptions, all money is prone not to be spent. A great piece of research that I linked in this article is the [Rate of Return on Everything](https://www.frbsf.org/economic-research/files/wp2017-25.pdf). It shows that the real rate of return on government bonds and bills has been positive, net of inflation, for most countries in the world for the past 140 years. Since the 1980s it has been, on average, positive for every country analzed. The same holds for bank savings accounts, though not currently. + +Given that (a) people have been able to safely/easily save or invest their money and get \~4.5% a year (as an example) with (b) inflation being 2% per year, anyone already can make sure they can buy more for their money next year. If I have $1, interest is 0% and deflation is 2%, next year I still have $1, and products cost $0.98. If interest is 4% and inflation is 2%, next year I have $1.04 and products cost $1.02. + +What deflation does is increase the purchasing power of $1 over time. Governments bonds and savings accounts have allowed people to do the same for a very long time. In other words, when we wonder whether people won’t stop spending if their purchasing power increases over time, we might want to simply look at the current situation. + +**Question: Won’t this make loans impossible? If currency was deflationary, a loan would get more expensive over time.** + +Answer: It’s not so much about whether there is inflation or deflation when it comes to whether loans get more expensive. To use an example, we can have Bob take out a loan using an inflationary or deflationary currency, while keeping the net interest rate equal. + +Say Bob takes out a loan of $100 dollars, while his income is $20. If we assume Bob pays interest of 5%, inflation is 2% and his salary increases with 2% per year, then after 10 years his loan will be $162.89, while his salary would be $24.38. The loan is \~6.7 times as large as his income. + +Say Bob takes out a loan of $100 dollars, while his income is $20. If we assume Bob pays interest of 1%, deflation is 2% and his salary decreases with 2% per year, then after 10 years his loan will be $110.46, while his salary would be $16.34. The loan is \~6.7 times as large as his income. + +An alternative way of looking at it is to see what happens to repayment. Bob takes out a loan of $100 dollars, while his income is $20. Bob decides he’ll use 50% of his income to pay off the loan each year. + +With 5% interest and inflation/wage growth of 2%, Bob pays off the loan after \~12 years. With 1% interest and inflation/wage growth of -2%, Bob pays off the loan after \~12 years. + +The major difference in such a system is that there will most likely be a hard lower bound on interest rates. It is unlikely that money would be lent out at 0% or at lower interest rates, because it is possible to get a 0% return by just holding your money. This does likely lead to reduced lending - given that there is for example \~$10 trillion in negatively yielding debt that would not be attractive if money can be stored easily at no cost. + +In other words, there would likely be reduced debt, but there would not be no debt. Whether that is a good or bad thing is worthy of a discussion all on its own, which is why this article mostly focuses on the incentives for an individual, rather than the impact on the world economy as a whole. +Good day, for my fellow apes, I myself have had struggles with mental health and what I can tell you is that some of the hardest times I've had with it were while or shortly after times in my life that I was making or had the most money I've had in my life. + +Fortunately I've never chosen to partake in drugs or alcohol (legit, nothing, family history taught me otherwise.) However I've often seen that money only acts as drivers to furthering and more serious addiction. + +I'll break from the typical narrative of guarantees of a moon landing given the context of this... + +If this thing takes off and you find yourself in a far better position financially or hopefully quite wealthy along with hiring; + +-A tax lawyer +-A financial advisor who acts as a fiduciary (financial advisor who is certified and whose primary duty is to protect you financially rather than just work as a salesman) +-A CPA + +Also include seeing a mental health professional or seeking help in the case of addiction because otherwise money can tear your life apart. + +When it comes to mental health I believe that part of the reason so many celebrities suffer with mental health and addictions issues which can take their life is due to the fact that they can look at their life on paper and believe that their circumstances are better than they could have ever hoped for yet they're still incapable of being happy. + +When you feel this way and you can't attribute it to circumstance it is a very helpless feeling and can lead to the worst. + +On top of all of the above money can also be very isolating. You may lose a large portion of your support system of friends and family. You may find from a large number of them it becomes an ultimatum of either give us $xxxxx or we're not friends anymore. + +On top of that those who may be considered peers at this stage, other people with wealth are likely to look down upon us as still to them just being apes. While they may hold prestigious positions or come from money. + +So beyond the doom and gloom some things I intend to do that I'd suggest. + +-Go back to school, get a degree, perhaps in business or finance to help you better understand the position you're in and perhaps grow further if you choose + +-Hire a personal trainer and nutritionist, I became a gym rat for years, covid has gotten in the way but it greatly changes your outlook for the better + +-Invest your money wisely and safely + +I wish all my fellow ape brothers and sisters the best. Please, take care of yourselves and play this smart. There's a reason most lottery winners end up broke and why for many it utterly ruins their lives. + +Once you have the opportunity ensure you brains gain a few wrinkles. + +For myself, I just want to thank my fellow apes for the good times I've had thus far, the memes, the shens, the shtick and laughs. This has been a riot so far, I hope we can bring about some legitimate change and help break the choke hold and corruption that's grown within the financial and political world. + +💎🙌🦍🚀🌜 +I was talking to my parents last night and they said that their adjustable-rate mortgage (ARM) is about to go up. It blew my mind that they hadn’t locked in a 30 year fixed rate at 3% when it was around. Even without a recession, ARMs could free up inventory and I was wondering if there is any way to look up data on how many ARMs are still out there, etc. Thanks! +See title. We can scream about no NINJA loans, higher credit scores, etc. - but is spending over half of your take-home pay on housing wise? + +A Seattle realtor told me that that was pretty typical for the first-time homebuyers she dealt in 2021. +I’m 20 and don’t need the money anytime soon. Just want the most peaceful and stress free investing journey. First time on the sub so I don’t know what Canadian Etf is usually recommended, especially for younger people with more risk tolerance. +TL:DR: +I'm here to stay and watch this become the new normal. Also I'm honored to die trading alongside each of you, moonsters. + +Disclaimer: I've never traded anything, so this was a very raw thing for me. I had a lot to figure out & understand. + + + + +&nbsp; + + + + +It all started on 11/1. My binance account got verified and I blasted $20 on my first purchase. Of course, bitcoin. I didn't even knew there were any other coins. + +$20 is a fair amount where I live, being a good share of the between minimum-medium wage I earn. I wanted it to grow, but I also wanted to have more of them to grow, so I started asking you guys what's the way. + +I became addicted from the very first purchase confirmation. Blockfolio was used so much that it drained 50% of my battery(and the phone's one), daily! + + + + +&nbsp; + + + + +Sold the BTC for a small profit to see how binance works. With your advice I went on XLM, ADA, NANO and DOT. + +Then I started researching for free crypto. I found coinbase earn, coinmarketcap, faucets and others. My portfolio was high as a kyte from being such green. + +Even decided to quit smoking to have more for crypto. + +I was researching everything in every direction, 360°. News, whitepapers, reddit posts, devs AMA, blogs, youtube.. you name it, I've done it. + + + +&nbsp; + + + + +After a week decided to learn stuff only from this community, taking everything with a pinch of salt as advised. Mainly because everyone was shilling their bags out there, happens here too but not everytime. And boy I've learnt a lot. + +Then I wanted to give back, I felt in debt for this community. Made posts about wallets and coins, commented on as much newbie(or even veterans) posts about better ways, better possibilities and so on. + +Way long after I started giving back, I found out that for helping people you get rewarded again. So, people help you, you help others in return and you get yet again helped. Still confused if this is real. Yes, I'm talking about moons. + +You guys rewarded me for the help I felt the need to give back with 1500 moons. Almost my damn paycheck. + + +&nbsp; + + + + +All in my first month. + +You guys are fucking legends, thank you for everything. +Curious if any of you are "all-in" in saving/investing as much as possible or if you have a spending outlet/hobby to keep a healthy balance. + +For me, it's golf. Unfortunately, it's an expensive hobby, but I'm not willing to give it up over the next 15 years for a couple added years of financial independence. Luckily, I can keep all my other expenses in relatively check and still save a decent chunk of my salary (~50-60%). +**Walmart Due Dilligence** + +**PARTNERSHIPS** + +\- Partnership with Instacart + +Recently Walmart and Instacart have founded a partnership that will allow Walmart to use Instacart their same-day shipping service. \[Walmart and Instacart together make up for nearly 50% of the online grocery sales.\]( [https://secondmeasure.com/wp-content/uploads/2019/08/GroceryDelivery-chart2png-1024x631.png](https://secondmeasure.com/wp-content/uploads/2019/08/GroceryDelivery-chart2png-1024x631.png)) Walmart’s vast inventory and Instacart their network and experience will only strengthen their position as the dominant grocery delivery providers, and thus putting more pressure on Amazon. + +\- Partnership with Shopify + +In addition to Instacart Walmart has also partnered with Shopify. This new partnership will allow third-party sellers to directly sell their item’s on the Walmart marketplace. This new partnership will greatly expand Walmart’s inventory while giving small businesses the opportunity to reach a bigger demographic. Walmart is expecting to add 1200 Shopify sellers in 2020. Listing an item on Walmart’s marketplace allows Walmart to pick up some fees and generate greater traffic to the website. Another interesting possibility to consider is the fact that Walmart could be used as a Shopify returns hub, with a Walmart being within 10 miles of 90% of the US population it is the ideal candidate for further strengthening their relation with Shopify and saving both parties a lot of money. + +\- Partnership with ThredUp + +Walmart has also partnered with Thredup. ThredUp is basically an online thrift shop for clothes and wearable’s. This brilliant partnership means Walmart can now offer both normal and high-end clothing on their marketplace for an affordable price and expose customers to nearly 750,000 pre-owned items. Who would’ve ever thought you could tell someone that you bought your Michael Kors or Calvin Klein at Walmart. + +\- Google + +Walmart has been partners with Google for over 3 years now. This partnership allowed Walmart to enter the domain of voice ordering groceries. Simply ask one of your Google devices to buy milk and it will add milk to your Shopping cart. This Partnership might just be the beginning of a strong bond between Google and Walmart as both companies are interested in competing with Amazon. + +\- Microsoft (+ Possible TikTok acquisition) + +Walmart has been partnered with Microsoft for about 2 years with 3 more years to go. + +Since the partnership Walmart has been using the full range of Microsoft cloud solutions in a bid to accelerate their digital transformation, innovation and efficiency. + +**Acquisitions** + +\- Bonobos, ModCloth, ShoeBuy, Moosejaw, Parcel + +Let’s start at the beginning, with these acquisitions Walmart stated entering the e-commerce market in 2016-2017. Sadly as is known none of these are particularly success stories with the companies being sold again, being discontinued or CEO’s leaving. However Walmart learned a lot from these companies and has used this knowledge to further try to expand in the e-commerce market. + +\- Jet.com + +The first big step in the fight against Amazon. When amazon acquired Jet.com it was a clear signal of what its intentions were. Jet.com was one of the fastest growing U.S. e-commerce companies and Walmart acquired them in September 2016. Since then a lot has happened, Jet.com has been discontinued but the knowledge, progress and technology gained due to Jet.com is irreplaceable and has given Walmart a brilliant boost into the e-commerce with their e-commerce sales increasing 29%. Furthermore (ex)CEO of jet.com Marc Lore is now the CEO of Walmart’s e-commerce. + +\- Flipkart + +Ever heard of the small startup company called Flipkart? Maybe you have not, you should though. Flipkart owns 35% of the Indian e-commerce market, a true giant. Walmart acquired Flipkart in 2018 and ever since then it has been expanding its influence in India and fighting against Amazon for market dominance. This year Flipkart took over Walmart’s 28 Indian stores in order to expand its wholesale growth. Another interesting thing is that Walmart might make Flipkart public within the next 3 years. + +\- TikTok acquisition + +Some very recent news of their Partnership with Microsoft is to potentially acquire TikTok. TikTok’s enormous userbase and the current pressure in the US and India have made for an interesting situation causing the partnership to push forward in the bid to acquiring TikTok. In my opinion Walmart has a very decent chance of getting TikTok and making it work. One factor that plays a big role in this is Walmart’s presence in India due to Flipkart. Flipkart is India’s biggest online store for; phones, electronics, books, home appliances, etc. With Walmart having a presence in both countries where TikTok is (going to be) banned might mean some positive things for the future, but for now that is speculation. The acquisition of TikTok would allow Walmart to use its genius algorithm and massive userbase to further promote and integrate its Walmart marketplace. + +**Walmart PLUS** + +Word is finally out, in September Walmart will be launching its Amazon competitor called Walmart plus. It will give numerous benefits to the user such as; Unlimited free delivery(with 2700 stores having same day delivery), fuel discounts and scan&go a tool to make shopping faster, all for the price of $98 per year + +**2 Hour Delivery** + +Walmart recently launches its new delivery service, called Express Delivery. This new service will allow customers to place their order online and receive their groceries (for a 10$ fee) within 2 hours. Walmart express delivery is currently available in 800 stores with plans to expand to 2000 stores. In addition to 2 hour delivery Walmart also offers same-day delivery in almost the entire United States. + +**5000+ US stores.** + +This is Walmart’s biggest weapon. The thing Amazon lacks the most is physical stores. Walmart has over 5000 stores while Amazon has just over 600 (worldwide!). If Walmart can find a way to combine e-commerce with its enormous physical presence then it could give Amazon an absolute run for its money. Remember that 90% of Americans live within 10 miles of a Walmart. + +**Some other interesting facts to consider.** + +\- 90% of US population live within 10miles of a Walmart. + +\- Walmart’s e-commerce sales are currently up 97% + +\- Walmart’s expansion in Africa, India, China. + +&#x200B; + +**Conclusion/TLDR** + +Let me first state with you that this has been my first Due Dilligence and that English is not my first language. + +Walmart is currently the underdog, and not many people are expecting them to properly fight Amazon. However its recent spree of partnerships and acquisitions have been a brilliant and very clear move in the direction of e-commerce. If Walmart fully utilized its massive physical network together when their growing fresh e-commerce, I see no other outcome then for Walmart to grow, grow, grow. Covid has given Walmart customers the push they needed to fully explore Walmart their marketplace, the marketplace that is now starting to fill up with thousands of sellers and endless products. Walmart VS Amazon, here we go, my money is on Walmart. + +Sources: + +Instacart: + +[https://secondmeasure.com/wp-content/uploads/2019/08/GroceryDelivery-chart2png-1024x631.png](https://secondmeasure.com/wp-content/uploads/2019/08/GroceryDelivery-chart2png-1024x631.png) + +[https://www.forbes.com/sites/walterloeb/2020/08/12/walmart-teams-up-with-instacart-to-rival-amazons-fast-grocery-delivery/#3bde97546010](https://www.forbes.com/sites/walterloeb/2020/08/12/walmart-teams-up-with-instacart-to-rival-amazons-fast-grocery-delivery/#3bde97546010) + +[https://www.theverge.com/2020/8/11/21363507/walmart-instacart-partnership-same-day-grocery-delivery-amazon-whole-foods-rivalry](https://www.theverge.com/2020/8/11/21363507/walmart-instacart-partnership-same-day-grocery-delivery-amazon-whole-foods-rivalry) + +Shopify: + +[https://corporate.walmart.com/newsroom/2020/06/15/walmart-expands-its-ecommerce-marketplace-to-more-small-businesses](https://corporate.walmart.com/newsroom/2020/06/15/walmart-expands-its-ecommerce-marketplace-to-more-small-businesses) + +[https://techcrunch.com/2020/06/15/walmart-partners-with-shopify-to-expand-its-online-marketplace/](https://techcrunch.com/2020/06/15/walmart-partners-with-shopify-to-expand-its-online-marketplace/) + +[https://www.forbes.com/sites/christopherwalton/2020/06/15/walmarts-new-shopify-partnership-is-another-stroke-of-digital-genius/#26a4e18e3025](https://www.forbes.com/sites/christopherwalton/2020/06/15/walmarts-new-shopify-partnership-is-another-stroke-of-digital-genius/#26a4e18e3025) + +ThredUp + +[https://www.forbes.com/sites/christopherwalton/2020/06/05/walmarts-thredup-partnership-is-the-best-digital-move-walmart-has-made-in-the-last-3-years/#265d62952172](https://www.forbes.com/sites/christopherwalton/2020/06/05/walmarts-thredup-partnership-is-the-best-digital-move-walmart-has-made-in-the-last-3-years/#265d62952172) + +[https://www.walmart.com/browse/clothing/thredup-shop-all/5438\_6272369\_7404214](https://www.walmart.com/browse/clothing/thredup-shop-all/5438_6272369_7404214) + +Google: + +[https://techcrunch.com/2019/04/02/walmart-partners-with-google-on-voice-enabled-grocery-shopping/](https://techcrunch.com/2019/04/02/walmart-partners-with-google-on-voice-enabled-grocery-shopping/) + +[https://techcrunch.com/2017/08/22/walmart-and-google-partner-on-voice-based-shopping/](https://techcrunch.com/2017/08/22/walmart-and-google-partner-on-voice-based-shopping/) + +Microsoft + TikTok + +[https://techcrunch.com/2017/08/22/walmart-and-google-partner-on-voice-based-shopping/](https://techcrunch.com/2017/08/22/walmart-and-google-partner-on-voice-based-shopping/) + +[https://news.microsoft.com/2018/07/16/walmart-establishes-strategic-partnership-with-microsoft-to-further-accelerate-digital-innovation-in-retail/](https://news.microsoft.com/2018/07/16/walmart-establishes-strategic-partnership-with-microsoft-to-further-accelerate-digital-innovation-in-retail/) + +[https://edition.cnn.com/2020/08/28/tech/walmart-tiktok-bid-hnk-intl/index.html](https://edition.cnn.com/2020/08/28/tech/walmart-tiktok-bid-hnk-intl/index.html) + +Bonobos, ModCloth, ShoeBuy, Moosejaw, Parcel + +[https://www.investopedia.com/articles/markets/102315/top-4-companies-owned-walmart.asp](https://www.investopedia.com/articles/markets/102315/top-4-companies-owned-walmart.asp) + +Jet.com + +[https://www.cnbc.com/2020/05/20/walmart-ceo-on-buying-jetcom-we-would-do-that-all-over-again.html](https://www.cnbc.com/2020/05/20/walmart-ceo-on-buying-jetcom-we-would-do-that-all-over-again.html) + +[https://www.fool.com/investing/2020/05/20/jetcom-may-be-history-but-walmart-got-what-it-need.aspx](https://www.fool.com/investing/2020/05/20/jetcom-may-be-history-but-walmart-got-what-it-need.aspx) + +Flipkart + +[https://economictimes.indiatimes.com/small-biz/startups/newsbuzz/flipkart-to-acquire-walmart-indias-wholesale-business/articleshow/77122766.cms](https://economictimes.indiatimes.com/small-biz/startups/newsbuzz/flipkart-to-acquire-walmart-indias-wholesale-business/articleshow/77122766.cms) + +[https://www.spglobal.com/marketintelligence/en/news-insights/latest-news-headlines/flipkart-is-no-1-in-india-but-faces-formidable-foe-in-amazon-say-experts-54083920](https://www.spglobal.com/marketintelligence/en/news-insights/latest-news-headlines/flipkart-is-no-1-in-india-but-faces-formidable-foe-in-amazon-say-experts-54083920) + +[https://corporate.walmart.com/newsroom/2020/07/23/walmarts-majority-owned-flipkart-launches-wholesale-business-to-help-small-businesses-in-india-source-directly-from-manufacturers-and-producers](https://corporate.walmart.com/newsroom/2020/07/23/walmarts-majority-owned-flipkart-launches-wholesale-business-to-help-small-businesses-in-india-source-directly-from-manufacturers-and-producers) + +[https://www.livemint.com/companies/news/will-flipkart-ipo-set-the-ball-rolling-for-indian-unicorns-1561489450378.html](https://www.livemint.com/companies/news/will-flipkart-ipo-set-the-ball-rolling-for-indian-unicorns-1561489450378.html) + +Walmart PLUS + +[https://www.tomsguide.com/news/walmart-plus-price-launch-date-and-everything-you-need-to-know](https://www.tomsguide.com/news/walmart-plus-price-launch-date-and-everything-you-need-to-know) + +[https://corporate.walmart.com/newsroom/2020/09/01/walmart-introduces-walmart](https://corporate.walmart.com/newsroom/2020/09/01/walmart-introduces-walmart) + +2 hour delivery + +[https://www.theverge.com/2020/4/30/21243557/walmart-express-delivery-two-hour-groceries-electronics#:\~:text=Walmart%20is%20launching%20a%20new,during%20the%20COVID%2D19%20pandemic](https://www.theverge.com/2020/4/30/21243557/walmart-express-delivery-two-hour-groceries-electronics#:~:text=Walmart%20is%20launching%20a%20new,during%20the%20COVID%2D19%20pandemic). + +[https://www.roadie.com/resources/press-releases/walmart-grocery-delivery](https://www.roadie.com/resources/press-releases/walmart-grocery-delivery) + +[https://corporate.walmart.com/newsroom/2020/05/12/the-why-and-how-behind-walmart-express-delivery?irgwc=1&sourceid=imp\_0iY1nOXZ4xyOUzQwUx0Mo3EHUkiVmiRxgxJy140&veh=aff&wmlspartner=imp\_1943169&clickid=0iY1nOXZ4xyOUzQwUx0Mo3EHUkiVmiRxgxJy140&sharedid](https://corporate.walmart.com/newsroom/2020/05/12/the-why-and-how-behind-walmart-express-delivery?irgwc=1&sourceid=imp_0iY1nOXZ4xyOUzQwUx0Mo3EHUkiVmiRxgxJy140&veh=aff&wmlspartner=imp_1943169&clickid=0iY1nOXZ4xyOUzQwUx0Mo3EHUkiVmiRxgxJy140&sharedid)= + + + +📷CG AND CMC \*COMING SOON\*📷 +So you know, AUDIT HAS BEEN COMPLETED +✅ LIVE ON LIVE COIN WATCH [https://www.livecoinwatch.com/price/FullSendCrypto-FULLSEND](https://www.livecoinwatch.com/price/FullSendCrypto-FULLSEND) +✅ 100% organic community gowth +✅ 3.5k in the TG Group +✅ Website is published +✅ Whitepaper available for those to view and see the plan +✅The team is doxxed/publicly known +FullSendCrypto Is a DeFi Protocol centered on two key areas within the project; +The Full Send Trading App will consist of our Open Source Decentralized Trading Platform, whereby trading algorithm developers can publish their trading bots on the platform and users can purchase access to unlock the Trading Bot of their choice, in the asset class or market of their preference.  +Profits will be split between the Trading Bot Developer who published, and the Liquidity Pool for the Full Send Token. +Other major implementations: +\\- Learning platform for crypto-noobs +\\- NFT shop +Another function they are working on is trying to partner with the real life NelkBoys, FullSend legit! +\\- Incorporating FullSend store onto the App +\\- Utilizing FullSendCrypto to make purchases on FullSend merch, app, website, etc… +Website: \[[www.fullsendcrypto.net](http://www.fullsendcrypto.net/)\] +Telegram: [https://t.me/FullSendCrypto](https://t.me/FullSendCrypto) + + +[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? 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We call this the "Front Desk". Every day a moderator will create a new sticky comment that includes links to community announcements, fantastic posts that deserve more attention, and generally the simplest and easiest way to interact with the moderators of this community. The rest of the post is designed for general discussion and content/questions that might not need their own post. + +If you are new please mention that when you comment. There are no stupid questions but "shills" (paid accounts with the intent to disrupt the sub) are real. This community sees a lot of trolls. If you do not distinguish yourself as someone with genuine questions it is likely that members of our community will assume you are just spreading "FUD" (Fear, Uncertainty, and Doubt). I hate that I have to give you this warning but it is just the nature of the beast at this point. + +Please have fun, play nice and be civil. Many of our rules are heavily enforced. Debate is welcome but if it devolves into personal insults please report the comment. *Ape no fight ape!* +I am a student who earns with internships, summer jobs etc. Is there a way to invest that money? + +I tried opening an account with Degiro and IBKR but both ask for income. + +I'm an Indian expat +I asked businesses that deal with stock about buying 10k worth of stocks and they said it isn't enough to be a good idea. They suggested investing in funds that are more diverse. +I know that 3 companies in my country are essential for the workings of the country and they pay out at least 7% dividend so I wanted to buy those stocks. I'm pretty sure our country cannot let those 3 companies go bankrupt and will save them as it did in 2008. Is it a bad idea do but those stocks? I have 20k in my account, so still 10k left if I buy 10k of stocks. + +I would buy the stocks more for the dividends than for the stocks rising. +Hello everyone, + +I am a CS student from EU and I am currently deciding if I should purse a master in Computer Science in USA. + +The total price of the US master is 25-30k euros, cost of living included. The loan will be at a really low interest (1.3% to 2.5-3%) so I will probably have to give back to the bank 25k total (I will also use my savings) and I can start paying 2 years after graduation. After the graduation, I will have the possibility to get a 3 years visa and if I get an high paying job, I can easily repay it really quickly. During this 3 years I can also apply for a permanent visa 3 times (50% of being selected). If I can't find a job in 90 days after graduation I will have to come back to EU. + +Currently I have a new graduate offer for a big tech company like {FB,Uber,etc...} in {EU/UK} and I will be paid a lot if compared with the local market but my pay will be 30%-40% less than the same job in USA (cost of living included). If I join the master I will have to refuse this offer and interview again in US in 2 years for the same new graduate roles. I know I can get an internal visa but it's not guaranteed and it requires some years of work experience. If I keep the job I will probably save 30k or more in 2 years and I will have 2 more years of work experience. Almost 60k in difference in my bank account. + +Suggestion? Anyone with the same experience? Am I being too much risk adverse? Am I fool to even think about the loan and the master? How is it to live with a debt to repay after graduation? + + +TLDR: spending 30k to study in USA and hope to get a job there vs keeping my actual job and save 30k in the meantime. +Hello everyone. + +I'm looking for advices on how to reorganize my life on the finance side. + +&#x200B; + +The good part: + +* I bring in 2000€ per month plus a 2000€ bonus at the end of the year, working full time +* My girlfriend bring in around 350€ per month working part time gigs (she's still studying) +* We are actually paying 400€ per month for our apartment including utilities, internet and complex fees +* Groceries are around 200€ per month +* Gas is around 200€ per month +* I own a car valued at 11k€-13k€ (needed for work) +* I own a motorcycle valued at 5k€-5.5k€ +* *Girlfriend inherited 10.000€* +* *Girlfriend inherited a whole flat* + +&#x200B; + +Now the bad part: + +* We have 2500€ on our main account and no savings accounts +* Debt #1 @ 7.2%, 320€ per month, 62 months to go +* Debt #2 @ 7.1%,130€ per month, 49 months to go +* Insurances are 2000€ per year or 166€ per month for both the car and the motorcycle (50/50) + +&#x200B; + +And the ugly part: + +* We can't use the flat, yet. Her older brother is still jobless and living there. +* We can use the 10k€ exclusively for our wedding. No touchy. +* The flat is very old and will likely require a total renovation. +* Debt #1 was for an used car and for furnishing the current apartment +* Debt #2 was for a brand new motorcycle + +&#x200B; + +Yes, I know. The last two points are what hurts the most. If I could go back in time and slap myself I would, trust me. I'm going crazy because of the psychological pressure of the debts - I'm sorry if it sounds funny but I feel like that. + +On the short term we would like to grow our savings account, get married and travel more. + +On the long term I would like to find a remote job (cutting on the commute time, around 1 hour per day, gas, car wear, etc.) and then start investing. + +&#x200B; + +What would be your advice? +I'm not sure if this post (and question) is appropriate for this subreddit, but I don't know where else to turn to. + +&#x200B; + +I'm from an eastern European country that is not a part of the EU and I can't seem to find any resources on investing in investment funds available to EU and US citizens (e.g. Vanguard, Charles Schwab, Degiro etc.) for people in my predicament. + +I'm fairly young and have some money saved up that I wouldn't want to go to waste, but I live in a country with almost no investment fund companies and no direct access to foreign ones. The local funds that DO exist invest only in the domestic market. **I don't trust them**. I don't trust them at all just like the rest of my people and we collectively don't trust them for a good reason. And I don't have to mention that bank savings account rates are shit, pardon my french. + +Anyway, that's why I want to invest in investment funds available to you guys but I can't find ANY guide on doing it from my position so I'm turning to you. + +&#x200B; + +I desperately ask you to help a young non-EU redditor on his way towards financial independence. + +**Can you please tell me of ANY ways to invest in western investment funds as a non-EU/non-US citizen?** + +A success story, a how-to guide, a "tough love" statement/advice, every bit of advice is welcome. + +&#x200B; + +I really like Vanguard and Schwab, but if something less awesome or just different is also available I'll take it. I'm prepared to do everything necessary: travel to a different country just to open a bank account, move all (most) the money to a foreign bank if necessary, whatever it takes. + +&#x200B; + +I realize it would be easier to simply MOVE to a EU/US country and start from there and I will do that in the future, but since I'm currently not in a position to move to a different country I wouldn't want for my savings to just sit in the bank and wait for me to move while getting eaten up by inflation. Every year one's money is not invested is another year when one lost money. + +&#x200B; + +All and any help will be appreciated... +**Real quick**: I'd like to imagine I had a decent understanding of finance before I joined the GME saga; basic stock fundamentals, interest rates, balancing accounts, blah blah blah. And I'd like to think I'm a fairly intelligent individual; I somehow managed to earn a degree in mechanical engineering from a University of California. But I'm still just a smooth brained ape...🦧 + +**BUT** the amount of knowledge and comprehension I've gained the last three months from reading DD and doing my own fact checking is ***insane***. And I'm sure many of you are in similar positions (no pun intended).🍌 + +***BUT BUT***, I have also now realized how fricking **CONVOLUTED** this shit is, and how it's in their best interest (Wall Street's) to keep it that way. i.e. This hedge fund has a stake in this other hedge fund, who is in turn connected to some *other* fund, but to dig up their data means sifting through all this *other* data. But is that data even current??? Idk! So let's go to a dozen other sites just to even *try* to confirm it. Rinse, repeat, idk, it just seems ridiculous. + +So a big shout out to all of the major DD contributors here! Won't bother tagging them cause they have more important stuff to look at. + +Not financial nor sexual advise, yadda yadda. I fucking love the stock. Do your own research. I'll see you in space. 🚀🚀🚀 +I wish my broker had shares available to short and puts weren't this expensive. It may squeeze further, but it makes no sense. I don't think I've seen a more expensive stock. +I really don’t know what happened to this sub. Granted when I was posting in 2017 we only had 20,000 subscribers and now we have 200,000 so it must be a different community. Technical analysis isn’t a guarantee of anything. When we make predictions we are only going by what the statistical data is showing us. Sometimes it’s accurate, sometimes its not. But what we often see is that the dates typically reflect a major key moment in price. + +As you may know I predicted a date of April 24th and since my posting we went to 135 to 185 but on April 25 we had the tether fiasco become public and that caused everything to go down (we also saw that before it was public there was major evidence of whales cashing out, the evidence was heavy selling spikes for no apparent reason within hours of it going public) + +Technical Analysis can’t predict news events or lawsuits. These are the risks we assume when we do technical analysis. I did try to warn everyone that the golden cross for ETH hasn’t happened yet (and as of day it still hasn’t happened). When tether fully recovered yesterday is when all the coins just spiked up, and I tweeted yesterday that this would happen. I’m sorry I was a couple of weeks off on my prediction but receiving all the hate really is discouraging to people doing technical analysis and myself. As for my discord channel I have left it free. +**DO NOT keep your currencies on exchanges** like Polo, Kraken or Bittrex. Please. For you ; For your friends ; For this ETH community too; For everyone. + +The market cap worth $62B grows quickly, we don't want a MtGox 2.0. A hack is the only thing that could kill the far adoption of the last months. + +**Don't make the same mistake.** +I am an immigrant, came to US 18 years back. Single income earner with 2 kids. My salary for the first 10 years was in between 50K to 80k. I read about FI around 8 years back and realized my salary was not enough to become FI. I completely focussed my attention on getting job that paid well. Luckily I was working in IT so it was easier to find ways to make more money including technology and companies to target. +I started studying and practicing for interview in December 2012. In February 2013, I found my dream job paying me 130K for a big 5 consulting firm. I stayed in the company for a year, all the while continuing to practice and study. In 2014, I landed another job for 170k. I was happy but I knew I could do better. So, continued study and found my next job for 200k in 2016. +I hate my job but funny thing is I hated my job even when I was making 50K. So for the greater good of getting to FIRE, my plan is to continue working for the next 3-5 years and then FIRE with $2M. I blame myself for not saving enough in the first 10 years but better late than never. +Thanks for listening. I do not have anyone else whom I can share this so sharing here. + + +My expense is currently around $6000/month( varied from $2500 to $6000), invest everything else in VTSAX. Also started investing in AAPL since 2014. + +2000 - 2012 : Salary between 50k to 80k + +2013 - 130k + +2014 - 170k + +2015 - 185K + +2016 - 200k + +2017 - 200K + +2018 - 200k + +2019 - 200k + + +I am currently at $1.3M. I know a lot can change in the next 3-5 years including I can loose my job, obamacare repeal, I can get burnt out etc etc..I will change my plan and even my location when that happens. + +FYI, this is my first post, please forgive my english. I hate writing just like my job :). I know my salary is higher than most others folks but please do not treat this as bragging post. I do not think I have done enough to brag. I am really a nobody and have nothing to brag. I still am only 60% of my target, rent my apartment and drive an old corolla, nothing to brag. I hope someone finds my increase in income inspirational and tries something similar. + +Edit1: my expense varied from $2500(single with no kids) to $6000(married with 2 kids). And no, I do not have any crypto and never received any inheritance. Its all hard work and saving. + +Edit2: In one of my humble days, I promised myself that I will help at least 1500 people. I am not there yet to provide monetory help but would love to help provide guidance to anyone who is trying to increase his salary. Remember, if a lazy bum and a job hater like me can do it, anyone else can do it. Even if you are not in IT, research based on your education and experience, what job pays well and then go all out. Think and work on it night and day and you will succeed. + +Edit3: I have not stopped trying to increase my salary more. My next target is $250K to $300K. If all goes well and I can motivate myself, I will get there by March of next year. + +Edit4: I have been a good saver my whole life even when I was making $50k. But of course, when I look back I think I could have saved more and invested. Thanks to my Parents who taught me how to live a happy life with modest income. + +Edit5: All of you who reached out to me for suggestion via DM, I promise I will respond to each one of you. My purpose in life is to retire and then spend my life helping other fellow human beings. Thank you for reaching out. +Libor Thesis Questions + + +1. What is Libor +2. Why is Libor important to know and understand +3. Libor is not for just Europe +4. Time Line of Libor and its history relating to 2008- Libor Started in 1986 +5. Understand Libor Scandal- What players were involved then vs now??? +6. How does Libor relate to United States Dollar and Europe +7. How much money will this transition be= $400 TRILLION- Not a Typo +8. Timeline for Europe to stop using Libor +9. Timeline of United States to stop using Libor +10. What is the ARRC +11. What is SOFR +12. What is SONIA +13. What are Derivatives + + +Now that the basics are taken care of its time to start diving down the rabbit hole and what I call- The Spider Web Effect + +1. Why are banks interest rates so important to EVERYTHING in the Entire world and especially our economy. +2. How will these rate changes affect the entire market +3. How will they pay for all the endless money printing going BRRR +4. Understanding that most Hedge Firms like Citadel barrow money in 3, 6, 9 and 12 month intervals for options contracts in the derivatives market +5. How does Barclays Bank loaning money to Citadel connect the deep spider Web and Libor Scandal- look at Citadels 2019 financial statement on page 6 note 5 +6. Once Libor ends and they CANT manipulate FAKE low interest rate #s for loans, then what?? +7. How much DeLeveraging will Libor Ending Trigger?? +8. Who will they blame for this ALREADY PLANNED EVENT when it occurs +9. Why does No one know about Libor and its $400 Trillion dollar transfer +10. Why is no one talking about Libor + + +Video and Research notes + +11. Why in ALL these videos of BIG bankers are they CONSTANLY talking about changing their wording in their loan contracts with their current and new customers?? They constantly outline lawyer risk and how they want to be ahead of the curve and change document wording to prevent lawsuits before the Libor transition occurs + +12. They mention that some Hedge Funds will be very upset through this transition and some wont survive through this transition + +13. They said they have Liquidity and Volatility concerns through this transition + +14. Once this Libor transition is complete, they will be doing like a monthly stress test on Hedge Funds and Banks to determine Risk exposure. The whole point of Libor ending is to prevent a 2008 type event. However SOFR is more of an Adjustable rate + +15. How and what will they do about the derivatives and options market- As they had said they have massive concerns about the options market + +16. How will they deal with swaps in the derivatives market? Spreads?? + +17. How will Bonds and Treasuries act during and after this transition. Is this why they needed to dump the price of Bonds hard? So this way they have a vehicle to store some of the $400 Trillion transfer? + +18. They said they anticipate a lack of liquidity at the beginning of the Libor transition + +19. Timeline- Originally for US dollar phase 1 exiting out of Libor was supposed to be done by June 30th of 2021. But they extended it on March 5th 2021 because the derivatives market in SOFR is not robust enough yet. The new extension for US dollar to keep using Libor rates is Now June 30th of 2023. However Europe phase 1 exiting out of Libor had to be done by March 31, 2021. Euro and Sterling still has to be exited out of Libor by December 31st of 2021 + +20. When will big banks start exiting out of Libor and start new Contracts under SOFR and SONIA- What kind of affect on other banks and HFs will this have? + + +Misc Notes + +1. Barrow fees will be Way more Expensive in the future for hedge Funds to barrow +2. Is this why they allowed the rates to be so low, so they could stick us, We The People with the Bill once they raise the rates in 2023 or Before as Banks will do new contracts LONG B4 LIBOR ends!!! +3. How will this affect the housing Market +4. Will home loans be an adjustable rate based off of SOFR +5. How much of the current $400 Trillion in Libor will go into SOFR and how much will go into SONIA- SOFR currently has about $200 Trillion in it already I believe. +6. How many are so over leveraged currently that wont survive this transfer and will have to Risk Off and sell long positions because the fees and rates will be higher under SOFR +7. How will this affect PFOF Payment For Order Flow and the HFS Algo computers that are based on super low interest rate #s that are false made up low interest #s by big bankers- How will these equations and programming of these Algo computers have to change and will that shift alone create a oh fvck moment +8. This is THE MOTHER OF ALL CATALYSTS AND THEY DON’T WANT TO LET THE WORD GET OUT ON THIS $400 TRILLION DOLLAR TRANSFER AND DISRUPT THE MARKET- WHO WILL BE LEFT HOLDING THE BAG?? +9. What’s like a .5% increase on interest rates for $400 Trillion. +10. FML a loaf of bread is going to cost like $10-$15 +11. They will throw all good debt and bad debt in SOFR and SONIA and when they raise the rates we will all be paying for the Jackassery they are doing right now! +12. LIBOR IS THE REAL REASON ALL THE NEW LEGISLATION LAWS ARE GOING THROUGH THE SEC, DTCC AND OCC RIGHT NOW +13. How the hell can one explain this Matrix Jenga Puzzle to Apes +14. Will they let the market run Hot until June 2023 like 1997-2000 Dot Com bubble- Chart is looking like they might?? If they did then maybe Jerome Powell is being honest about not raising rates till 2023 but who knows + + +Chart + +Go to TradingView.com and look up the S&P 500 under Ticker symbol SPCFD:SPX this will give you a chart that dates back to 1929. Hit LOG on the bottom right of screen and it will give you broad view of the chart. Use Monthly candles time frame so you can see the entire picture from now till 1929. You can change the regular candles usually used, to Heikin Ashi Candles at top left of screen. Heikin Ashi candles are sometimes better to use on longer time frames like on a monthly chart.  You will be able to see ALL market tops and crashes. You can draw trend lines of market tops and bottoms to see what phase or cycle in the market we are at. I personally believe this is the chart that the big banks use to trade off of and there’s a reason why this chart is not common imo. Most SPX charts only go back so far and definitely not back to 1929. Once you draw the correct trend lines from 1937 top to 2008 top you will see what Im talking about. Then draw a parallel line from 1929 top to 2000 dot com top, you will see what Im talking about. Point is, that I thought we would  reverse hard in January- February on the monthly chart, cause that was the first time we hit that resistance line since 2008 top. However we broke past that line and it appears according to the chart that they might let the market run rapid for awhile like the dot com bubble top trend line. Which would be insane and honestly once we broke that trend line in Februrary, it contradicted my Libor thesis. But once they changed the dates of the Libor ending from year end of 2021 to June 2023 for US dollar then it kind of makes sense and the chart agrees with that possibility as of now. +  + +Final Thoughts + +At the end of the day Libor Ending will be the biggest catalyst that almost no one knew about and it ties so many great DDs out there together. Just most haven’t seen the big picture or don’t know about it yet. All I know is when this thing kicks off whether its this year or next year, this shit will make 2008 look like small potatoes and this will DRARF 1929 and WE THE PEOPLE will be blamed and Fvcked to OBLIVIVIAN TO PAY FOR THERE GARBAGE ONCE AGAIN!! Time to do the DD on this and help get the word out. I understand this but need some wrinkled brains to explain it to others. +Below is a list of Libor Vids that are extremely important to watch. These are not my personal vids but more like Big Wig Bankers that know there stuff. This DD is the most important DD we can share with people if we can explain it correctly and somewhat easily. Ive literally got most of this memorized, but some may have to watched or listened to Libor vids 3-5 times each. But need smooth brains help explaining it to others. Thank you for taking the time to read this and doing your own DD. +  + +Libor Vids + +Vid 1- Alternative Reference Rates, SOFR, Libor issues & Transition (25min Mark is where it really starts but prior gives context) 5/2018 +https://youtu.be/2lkDA5yJEVs + +  +Vid 2- Britain & US Interest Rates 12/2011 +https://youtu.be/M7s59NwN9IU +  + +Vid 3- Libor/ OIS Spread 7/2012 +https://youtu.be/n-rRurPvFZ0 + +  +Vid 4- Libor Transition during CVID 6/2020 +https://youtu.be/HAf6Bk5szIk +  + +Vid 5- LIBOR discontinuation and its impact for borrowers in the international debt markets 11/2020 +https://www.shlegal.com/news/libor-discontinuation-and-its-impact-for-borrowers-in-the-international-debt-markets + +  +Vid 6- Libor Scandal 7/2012 +https://youtu.be/NfRbtjf7wOc +  + +Vid 7- Libor Definition & Scandal 9/2016 +https://youtu.be/KTuz2kD9jFg +  + +Vid 10- Libor Update March 2021 +https://youtu.be/onBIzaqt9Zo + +  +8-SEARCH= Libor Scandal: The Unvarnished Story of Wall Street’s Heist of the Century 7/2012 + + + +9-Understanding the Libor Scandal 11/2016 +https://www.cfr.org/backgrounder/understanding-libor-scandal + +  +Vid 11- What Are Derivitives 1/2012 +https://youtu.be/Wjlw7ZpZVK4 +  + +Citadel Securities Financial Statement 2019 +https://sec.report/Document/0001146184-20-000006/CDRG_StmtFinCndtn2019.pdf + +  +Citadel Securities Financial Statement 2020 +https://sec.report/Document/0001616344-21-000004/CDRG_StmtFinCndtn2020.pdf +  + +Libor Bloomberg +https://www.bloomberg.com/professional/solution/libor-transition/?utm_medium=Adwords&utm_campaign=Risk&utm_source=pdsrch&mpam=26700&bbgsum=DG-GP-03-20-M26700&gclid=CjwKCAjw07qDBhBxEiwA6pPbHke065gcMXijxPjMl8oMfZc1roiTLnr0qK0QD9wCWJasYUZ4JzjmxhoC2J0QAvD_BwE + +  +Libor ICE important Site info +https://www.theice.com/iba/libor + + +TLDR + +Edit 1- TLDR: They will sell there LONG positions they’ve been long on since 2009 and DELEVERAGE BECAUSE SOFR RATES WILL BE WAY MORE STRICT AND BORROWING COSTS WILL BE AN ADJUSTABLE RATE BASED ON SOFR. THE BORROWING COSTS WILL BE INCREASING TO INSANE LEVELS LIKE EVERY CRASH!! THEY WILL NOT BE ABLE TO OVER LEVERAGE LIKE THEY CAN NOW!!! This however can be later this year or next year! But this confirms ALL the DD how much of a mess the Hedgies are in and for GME YA 💎🤚🚀 + +Edit 2: +I didn’t post full thesis for reasons as follows. +1. Just a normal Ape that works a full time job and has researched Libor Ending this for over 6 months. +2. Most have said this transition will have little affect on the market and that’s BS they do not want you to know the REAL TRUTH. THERES A REASON THEY DONT WANT DUMB APES TO SEE THE PONZI SCHEME. +3. I don’t want my own thesis to sway other Smooth Brain Apes to my thesis or bias. I WANT OTHERS TO RESEARCH THIS AND CONFIRM OR DENY MY OWN FINDINGS? +4. The questions listed are the questions that need answered and addressed to see how big the Spider Web is and how we can let WE THE PEOPLE know what’s really going on +5. This event might just be the worse thing to happen since 1929. No BS. +6. Libor is based off of fake interest #s that the big bankers give loans to Hedge Firms, Home Loans, Derivatives... +7. Bankers can currently manipulate those interest #s under current LIBOR so their other bankers and Hedge Firms can barrow for CHEAP! +8. SOFR= Puts the Ponzie Scheme of LIBOR to rest RIP +9. However the transition will be ugly cause they are ALL OVER LEVERAGED TO THE MAX!! +10. DO THE DD +11. NOT A SHILL- WAKE UP PEOPLE +12. Thank you for reading and sharing + +EDIT 3 +WATCH or LISTEN TO THE VIDEOS IN ORDER AND YOULL GET IT. TY + +Edit 4: It took 2 months for my smooth brain to even understand WTF LIBOR is. Then after 6 months of research on LIBOR it’s like the biggest dam spider web in my brain that I don’t know how to explain it to others. If you have a wrinkled brain please help decipher this matrix web to explain it to others. It’s so deep and dark I honestly have no idea how to explain it to others without it being like a 5 page document. Research do DD and post for others. IMO there is not another event bigger than this. They can blame this event on whatever they want but ALL the Tea Leaves are right here for the final puzzle pieces. TY + +Edit 5: +Due to spam and others I won’t be answering anymore questions or updates as of now. DO THE DD OR DONT. Either way don’t give a fuck. It’s all right here for you. GL or go Fuck yourself. Either way is fine with me. I’ve held GME this whole time 🖕💎🤚🚀 + +Edit 6: +Vid 12- Newest= 4/15/2021 US Politicians Finally talking About LIBOR + +The End of LIBOR- Transitioning to an Alternative Interest Rate Calculation for Mortgages, Student Loans, Business Borrowing, & Other Finacial Products +https://youtu.be/igmJ-SFvyRU + + +Edit 7: + +This awesome Ape u/sharkbaitlol breaks down what I’ve been trying to say and puts everything in correct context. Timelines for US dollar vs UK contracts needs adjustment but DD is on point! READ SECTION 4 and give him a 👍 + +https://www.reddit.com/r/Superstonk/comments/mseyai/chaos_theory_the_final_connection/?utm_source=share&utm_medium=ios_app&utm_name=iossmf +That is basically my question. I have started selling CSPs on stocks I wouldn't mind owning w/ the intention to wheel if assigned. I currently have a put for Nov 17 that is up over 50%. + +What is the general feelings on this? Should I close this and buy another(roll) up and out? Or just let this ride till expiration and at that point look to make my next purchase depending on the numbers at that time. + +My assumption is people will tell me to do whatever I think is best, but I'm just looking for any insight from someone w/ more expertise than myself. + +Thank you. + +Position in question: MTTR 11/19/21 P 17.50 + +**Update:** + +MTTR ended up dropping a bit today so it's down to about 35% in the green at moment. None the less I genuinely appreciate everyone who took time to provide their insights and opinions on the topic. + +I think the metric for me that I need to be looking more into is dollars per day. I don't really see much "risk" in terms of lost profits because I truly don't mind owning the stock at the strike especially with it being slightly lower due to the premiums collected(assuming my conviction hasn't changed). But if closing the current CSP and opening another in the future could result in a more efficient use of funds that seems the best way to go. + +Once again thanks everyone I enjoyed the discussion thoroughly. +I’m looking for a strategy to follow as a beginner option trader. Weekly options are better for my nerves. I feel that I get nervous and over manage when trading long term options. + +How do you scan to find opportunities? +What types of spreads do you use? +and how do all this tie to a strategy I can use to keep using every week? + +I look forward to learning. +I’ve been trying to look for some information on what happened, but I haven’t really found anything specific. Seemed like a flash crash, but it was short lived and $DOW only dropped like 200pts. No gonna lie, it was a little scary there, saw March 2020 coming back for a second round. + +Still, I’d love to hear from anyone who understands this better than I do or has an article that discusses the causes of such an event. + +Thanks ! +Taxes are due May 17th! If you can’t file on time then you can file a IRS Form 4868 for a extension. It’s a extension to file NOT to pay. Payments are still Due May 17th. (I suggest you prepare taxes this weekend if you have the time for it) + +1. HSA/IRA Contributions are due May 17th for 2020. + +2. If you are claiming a refund for 2017 they are due May 17th as well!! + +If you owe, you may pay your taxes on IRS Direct pay or use EFTPS. (Electronic Federal Tax Payment System) You can also use a credit card, but please note that there is a processing fee to use a credit card or a debit card. You may also mail them a check, remember to enclose your 1040-V. + +Links to the payment portal: + +IRS Direct Pay: https://www.irs.gov/payments/direct-pay + +EFTPS: https://www.eftps.gov/eftps/direct/EftpsHome.page + + +**Upcoming Tax Deadlines** + +Quarter 2 Estimated Taxes are due June 15th. +Taxes are due May 17th! If you can’t file on time then you can file a IRS Form 4868 for a extension. It’s a extension to file NOT to pay. Payments are still Due May 17th. (I suggest you prepare taxes this weekend if you have the time for it) + +1. HSA/IRA Contributions are due May 17th for 2020. + +2. If you are claiming a refund for 2017 they are due May 17th as well!! + +If you owe, you may pay your taxes on IRS Direct pay or use EFTPS. (Electronic Federal Tax Payment System) You can also use a credit card, but please note that there is a processing fee to use a credit card or a debit card. You may also mail them a check, remember to enclose your 1040-V. + +Links to the payment portal: + +IRS Direct Pay: https://www.irs.gov/payments/direct-pay + +EFTPS: https://www.eftps.gov/eftps/direct/EftpsHome.page + + +**Upcoming Tax Deadlines** + +Quarter 2 Estimated Taxes are due June 15th. +Before the Market opens, where do you check the News that might impact how the Market will move during the day? Where do you check what data or reports will be released during the day? + +Is there a website everybody goes to or is it yet another thing you gotta scrap for? +400pm the market closes, you check your losses and begin the ritual of crying tears into the dry hardened clump that is the Mi Goren noodles that you've already taken out of the packet, full well knowing that the marinate of salty ASX tears makes instant dinners more digestible. +Between 401pm and 412pm comes the adjustment. It has been long fabled that for some lucky traders the adjustment goes in their favour. But I have only overheard such stories from patrons of the local KFC as they wait to collect their tendie dinners and I, sift eagerly through the bins for discarded nuggets and sauce packets. +But enough about me, my suggestion is that we name the "Adjustment". +"Afternoon movement" sounds like a turd, "stutter stop" describes my climaxes... what are your suggestions? + +EDIT: Before I crash out for the night I'd like to say my personal favourite so far is "Post Market Fuckery" with "Second Coming" (funnily enough) coming second. Hope tomorrow is green for you all... Zzz Zzz Zzz +Let me start by saying this. I've been here since January. I've been through no less than 2 migrations (in both subs and brokerages). I have seen Apes during FUD attacks, Forum Sliding, Compromised Mods, all of it. And all of that leads me to this point. Without compassion we are no better than the SHFs. + +I get it, I do. These are stock subs. But did we not upvote posts of Apes supporting charities with donations, and giving Switches to children in hospitals? Those were completely unrelated to the Stock and solely related to the humanity of the Ape. + +Apes also upvoted another ape shoving a banana up his ass (looking at you u/rick_of_spades). Sure it was a price target dare, but what did it actually have to do with the Stock? Nothing. It was something funny that we all laughed at (and were a little scarred by). + +The subs even praised Apes who helped out other Apes financially, those posts got thousands of upvotes. I never once saw a comment on those posts saying "get that shit out of here, this has nothing to do with the stock" + +What I'm getting at is that I'm seeing a lot of posts here today saying in so many words "fuck your personal problems, this is a stock sub". It's my humble opinion that this is a FUD effort intended to dehumanize Apes. + +Hell, I'm not saying we should flood any GME sub with our everyday personal problems, but for many Apes, other Apes are like family to them. Apes need to be able to support other Apes in some form or fashion. If that isn't on these subs, then maybe somebody should make a sub for Apes to just hang out in and support each other (Honestly I would do it myself but I have no experience moderating a sub). + +Compassion is truly one of the only things that separates Apes from the SHFs. Sure, Apes want their money. But that's no different than the 1%. What IS different is that Apes care about other people, and don't want to see this corrupt system continue to crush the 99%. + +The 1%, the SHFs, the MSM, they would like nothing better than to paint Apes as inhuman monsters who only care about money. But that isn't what Apes are about. That's the whole reason that Ape together strong. + +Apes can be better than the corrupt. + +Apes NEED to be better. It's the only way to make the world a better place. +We all want to buy low, sell high, have the fear of missing out, and want to enjoy a linear path to the top. I also thought the Byzantium release would rocket ETH beyond $400 and I’m still scratching my head over that one. + +The good news for me is I have perspective this time around. I screwed this up big time during the dot com boom. I recall owning AMZN at $30. It seemed high at the time and it wasn’t moving. I had too much invested in it, because I believed in them, but I wasn’t doing ‘well enough’. AMZN wasn’t making money yet and was a questionable investment with many other flashier, more profitable options. So, I sold and got burned...badly. + +I’m not preaching by any means, or predicting the future here, but my thinking is although this is painful and has been for awhile now, I will follow my gut and try not to get distracted causing me to make a bad decision. Have patience, shut down Blockfolio and enjoy the day. It’s almost always when things look their worst, they tend to turn around... +so after checking the Crypto Fear and Greed Index which analyzes the emotions and sentiments from different sources and crunches them into one simple number, it seems that this is the end of crypto. + +Everybody saying that now is the time to buy are just a bunch of bag holders who want you to invest so they can sell as soon as breaking even. Even genius investor Warren Buffett has stated that he wouldn't buy bitcoin for $25 dollars, who are we to disagree with 150 years of experience in the crypto space? + +&#x200B; + +https://preview.redd.it/e4hrhnjzxqw81.jpg?width=1284&format=pjpg&auto=webp&s=05dacabdee2543b6080b3b0c9955db5236ddf551 + +as you can see above the crypto Fear and Greed index has hit a new low of (-20) Fire sale + +what does this mean? + +I heard reports that crypto investors are jumping out of their cabanas out in the Caribbean, sure they are landing in the ocean but that besides the point. It really does appear that after a decade Bitcoin has finally died. + +this was a great journey friends but we should probably sell any remaining crypto we have and put that money into a savings account with a high interest rate of 0.001%, we should be able to retire with it after another 50 years. + +good luck to you all! +I come from a rural working-class family in a red state. I'm the black sheep, moved to a blue city and work in tech. My mother passed away in 2018 and my father has been living alone since. I have two brothers who are not super involved with my father or financially savvy. + +After my mother passed away, my father told one of my brothers that he had $80k in a 401k and $325k in cash (also a paid off, quite run-down house). + +I was able to verify the 401k when I was helping him last summer (he'd been having trouble logging in to the account and needed my help to get past the 2FA). The cash, I don't know. He's secretive and very cheap (and kind of an asshole). He brags about keeping his home at 60 degrees in the winter so he can avoid buying a 'second' $600 tank of heating oil in the winter. + +Last summer when I was visiting, I talked about my 401k and my retirement plans. I was kind of excited and showed him how much money I've made in the stock market in the last 7 years. This might have been a mistake. It's the only hobby of mine that he's ever showed any interest in, though, so I explained a bunch of stuff to him. + +I have been out of touch for a few months because work has been crazy, and I just talked to him last week. He was really proud to tell me that he went to a retail TD Ameritrade storefront and handed most of the cash in his savings account over to some dude to invest for him. The guy bragged that "you don't ever have to pay me a penny", which says to me that he's not a fiduciary. + +My dad thinks he's following the 'buy when the market is down' advice, but I think we could be in for a pretty long ride. If we go into a recession, stocks could continue to fall. + +He's not mentally stable enough to admit that he will die someday. His father lived to 94 and he won't hear any talk of "you don't have enough time for this anymore, Dad". + +I think something could happen to his health or his house and he might need that money. I feel like this is a kind of elder abuse, but he signed up for it. + +Does anyone here have any experience with a TD Ameritrade storefront or something like this? I am worried about the tax implications of all of this as well. I've kept all my investing to tax-advantaged retirement accounts so I have no idea where to even start. + *Throwaway account.* + +Longtime lurker, first time poster. I am looking for suggestions on how to navigate goal setting as a couple/family. This is not financial planning, but more trying to help us navigate what we really want out of life (and therefore how much it will cost us). + +A bit of background: + +* Wife and I (both 35) and two kids (5 and 3) living in a VHCOL city. +* At current pace of both earnings and spend, on track for chubby fire in a few years but could go for Fat if we really wanted to by extending RE timeline. +* Both my wife and I are not big planners. We have (very happily) bounced around both cities and jobs, never really making major life plans beyond the next 12 months. +* I have a strong career in tech and have been remote for a long time now and have good earning prospects should I desire to continue. + +Our problem (if it can even be called that) is that we could both envision a happy life at very different ends of the spend spectrum. We are also very fortunate to be in a position where so many options are available to us, but in a classic Paradox of Choice, the fact that we have so many options is leading to paralysis and indecision. + +With our kids approaching elementary school age, we know that continuing to bounce around will soon become much more difficult and have tried to start discussing what our longer-term future looks like, but there are just very wild options available to us where we can both see ourselves as happy. + +To illustrate, here are two options we have seriously discussed (among many others): + +**VHCOL Life** + +* School year in SF +* Private school for kids +* Ski trips in the winter +* Summers in Europe + +**L(ish)COL Life** + +* Get a plot of land an hour outside a big city close to family +* Start gardening full time +* Local public schools or homeschool even +* An occasional splurge trip abroad + +Obviously both of these options lead to very different needs in terms of income and would impact when/if we decide to pull the RE trigger. + +I love the discussions my wife and I have around this topic (a lot of fun dreaming), but have also noticed that we never really actually answer anything or get even close to a decision. + +Are there any recommendations on workbooks or even a specific type of counseling that would help us, in a very concrete way, navigate this question of what we want for our future to look like? It’s almost like a life coach, but for couples. + +Any recommendations or suggestions is greatly appreciated. Thank you! +Reposting as this did not get many eyes [last week](https://www.reddit.com/r/Superstonk/comments/znop1a/nscc_alert_proposed_rule_change_to_make_certain/). + +Source: [https://www.sec.gov/rules/sro/nscc/2022/34-96511.pdf](https://www.sec.gov/rules/sro/nscc/2022/34-96511.pdf) + +**Notice of Filing a Proposed Rule Change to Make Certain Enhancements to the Gap Risk Measure and the VaR Charge** + +***Comments due:*** 21 days after publication in the *Federal Register* + +***Additional Materials:*** [Exhibit 3a](https://www.sec.gov/rules/sro/nscc/2022/34-96511-ex3a.pdf), [Exhibit 3b](https://www.sec.gov/rules/sro/nscc/2022/34-96511-ex3b.pdf), [Exhibit 5](https://www.sec.gov/rules/sro/nscc/2022/34-96511-ex5.pdf) + +&#x200B; + +https://preview.redd.it/m3vzkao0vv6a1.png?width=853&format=png&auto=webp&s=9b02b3e34831a47d6c49786cb4666b4ff5b144ba + +https://preview.redd.it/opq4bwc1vv6a1.png?width=702&format=png&auto=webp&s=f5422906b4e1a2127c58d9fe3038faab7285ede1 + +https://preview.redd.it/s0hbac12vv6a1.png?width=618&format=png&auto=webp&s=a3f3e0e9580393c26ab27b4bf37c84aee615a95b + +https://preview.redd.it/oth07333vv6a1.png?width=685&format=png&auto=webp&s=3d1c861f8c69df9930d78eb51a9c9f37765690e1 + +https://preview.redd.it/eo1o01v3vv6a1.png?width=637&format=png&auto=webp&s=9283fa9619fbf5e4f96d13b726bc1f4fcb5cd5ed + +>When applicable, NSCC calculates the Gap Risk Measure by multiplying the gross market value of the largest non-index Net Unsettled Position in the portfolio by a percent of not less than 10 percent (“gap risk haircut”).15 Currently, NSCC determines the gap risk haircut empirically as no less than the larger of the 1st and 99th percentiles of three-day returns of a set of CUSIPs that are subject to the VaR Charge pursuant to the Rules, giving equal rank to each to determine which has the highest movement over that three-day period. NSCC uses a look-back period of not less than ten years that includes a one-year stress period. If the one-year stress period overlaps with the look-back period, only the non-overlapping period would be combined with the look-back period. The result is then rounded up to the nearest whole percentage. + +&#x200B; + +https://preview.redd.it/co7seo96vv6a1.png?width=752&format=png&auto=webp&s=f4ad138b9f1611774ada648c7deb79cfcb0bc9a0 + +https://preview.redd.it/c397jmx6vv6a1.png?width=591&format=png&auto=webp&s=50d35e6e09304a36abc8ccb697730d22c17b04d3 + +# Other interesting notes from the proposed rule: + +>Section 17A(b)(3)(F) of the Act requires that the rules of NSCC be designed to, among other things, assure the safeguarding of securities and funds which are in the custody or control of the clearing agency or for which it is responsible and promote the prompt and accurate clearance and settlement of securities transactions.31 As discussed above, NSCC is proposing enhancements to the Gap Risk Measure portion of the VaR Charge, one of the components of its Members’ Required Deposits – a key tool that NSCC uses to mitigate potential losses to NSCC associated with liquidating a Member’s portfolio in the event of Member default. NSCC believes the proposed changes are designed to assure the safeguarding of securities and funds which are in its custody or control or for which it is responsible because they are designed to enable NSCC to better limit its exposure to Members in the event of a Member default. More specifically, the proposal would expand the applicability of the Gap Risk Measure and NSCC’s ability to collect amounts calculated through this component, which is designed to mitigate idiosyncratic risks that NSCC may face. + +&#x200B; + +>Therefore, the Gap Risk Measure Enhancements would enable NSCC to better address the potential idiosyncratic risks that it may face when liquidating a portfolio that contains a concentration of positions, such that, in the event of Member default, NSCC’s operations would not be disrupted, and non-defaulting Members would not be exposed to 24 losses they cannot anticipate or control. + +&#x200B; + +>In particular, making the Gap Risk Measure additive would allow NSCC to collect the amount that results from a calculation of the Gap Risk Measure every time the concentration threshold is met which would improve NSCC’s ability to mitigate idiosyncratic risks that it could face through the collection of the VaR Charge and better protect against more idiosyncratic risk scenarios than the current methodology. + +&#x200B; + +>NSCC’s proposed Gap Risk Measure Enhancements are designed to more effectively address the risks presented by a portfolio that meets the concentration threshold and, therefore, is more susceptible to the impacts of idiosyncratic risks. NSCC believes the enhanced VaR Charge, as a result of the Gap Risk Measure Enhancements would enable **NSCC to assess a more appropriate level of margin that accounts for these risks.** In particular, making the Gap Risk Measure additive would allow NSCC to collect the amount that results from a calculation of the Gap Risk Measure every time the concentration threshold is met which would improve NSCC’s ability to mitigate idiosyncratic risks that it could face through the collection of the VaR Charge and better protect against more idiosyncratic risk scenarios than the current methodology. + +&#x200B; + +>In particular, making the Gap Risk Measure additive would allow NSCC to collect the amount that results from a calculation of the Gap Risk Measure every time the concentration threshold is met which would improve NSCC’s ability to mitigate idiosyncratic risks that it could face through the collection of the VaR Charge and better protect against more idiosyncratic risk scenarios than the current methodology. Rather than being applied only if the Gap Risk Measure calculation exceeds the Core Parametric Estimation and the Portfolio Margin Floor calculation, the Gap Risk Measure calculation would apply every time the top two positions exceed the concentration threshold. Based on impact studies, NSCC believes this broader application together with the other proposed changes outlined below would better protect against more idiosyncratic risk scenarios than the current methodology Modifying ETF positions that are subject to the Gap Risk Measure based on whether they are nondiversified rather than whether they are non-index would allow NSCC to more accurately determine which ETFs should be included and excluded from the Gap Risk Measure based on characteristics that indicate that such ETFs are more or less prone to the effects of gap risk events. + +&#x200B; + +>As described above, NSCC believes the proposed Gap Risk Measure Enhancements would allow NSCC to employ a risk-based methodology to address the increased idiosyncratic risks presented by the occurrence of gap risk events that are presented by portfolios that meet the concentration threshold. Therefore, the proposed changes would better limit NSCC’s credit exposures to Members, consistent with the requirements of Rules 17Ad-22(e)(4)(i) and Rule 17Ad-22(e)(6)(i) under the Act.43 + +&#x200B; + +>The proposed changes would do this by continuing to apply the Gap Risk Measure only when the concentration threshold is met. The proposed change to expand the sensitivity of the charge to refer to the two largest non-diversified Net Unsettled Positions in the portfolio would provide NSCC with a better measure of the various and unexpected idiosyncratic risks it may face, in light of the recent gap risk events that did not derive from issuer events. Therefore, because the proposed changes are designed to provide NSCC with an appropriate measure of the risks (i.e., risks related to gap risk events) presented by Members’ portfolios, NSCC believes the proposal is appropriately designed to meet its risk management goals and its regulatory obligations. +Stock is down over 6%, can someone explain? Everyone likes to talk about market acting irrational with TSLA all the time, but I have seen quite a bit of irrational reaction this earnings season, what gives? +I have read a number of the books recommended, lot's of articles, countless posts, etc, and been building algo's the past year. + +The problem for me is, as most people do, I really, really hate drawdown. There are lots of strategies out there that can approximate the S&P500 with *less* drawdown, and while I am comfortable running those for longer term profits, what I really find interesting and compelling are algorithms that operate between the 30s-1h time frames. If the end goal is to create algorithms that generate somewhat stable income, it's much better to have a down week or month, as opposed to a down year. + +To be clear, I have no interest in competing with actual HFT firms with multi-million dollar infrastructure, FPGA's, microwaves, nanosecond latency, etc. + +Where would I look to find more information and examples about building shorter term strategies that are still viable with retail infrastructure on a good VPS? +I have read a number of the books recommended, lot's of articles, countless posts, etc, and been building algo's the past year. + +The problem for me is, as most people do, I really, really hate drawdown. There are lots of strategies out there that can approximate the S&P500 with *less* drawdown, and while I am comfortable running those for longer term profits, what I really find interesting and compelling are algorithms that operate between the 30s-1h time frames. If the end goal is to create algorithms that generate somewhat stable income, it's much better to have a down week or month, as opposed to a down year. + +To be clear, I have no interest in competing with actual HFT firms with multi-million dollar infrastructure, FPGA's, microwaves, nanosecond latency, etc. + +Where would I look to find more information and examples about building shorter term strategies that are still viable with retail infrastructure on a good VPS? +i'm an early employee of a tech startup which recently raised a significant funding round with $1B valuation. my stock options are worth few $millions. there is a tender offer round and i can sell up to 40% of my vested stock options (in my case most of my options are vested). i can assume there'll be another funding round (with another tender offer) before an IPO. i'm aware of the risks for employees at an IPO. my dilemma is if i should sell 25% of my stock options (which is the minimum i need to jump-start some investments in real estate and the stock market), or the entire 40% to further reduce my risk, the difference in cash is a few $K now. in my case this tender offer is life changing money. + +i'd like to hear suggestions based on experience.. thanks! +My parents want us all to have power of attorney (financial not medical) over my adult special needs brother. +My brother is very vulnerable and has a lot of behavioural issues. My worry is, if he gets involved in something financially dodgy, can I be held liable in anyway as someone with power of attorney? For eg if someone online convinces him to accept money and pass it onto another account (ie money laundering) or something similar, can I get into trouble? He's actively online gaming and constantly talking to people and it wouldn't surprise me if one day he gets roped into something but this is out of my control as my parents look after him. +Is there anything I need to seriously consider before becoming power of attorney? +Edit: I should probably mention my parents want to arrange this now all at once in case they die or for when they get too old, that way it's already all set up for me to take over dealing with his affairs when they can't anymore. + +Thanks! +At the time of this post (Feb 10, 2021, post-8pm) APHA closed at $28.15 and TLRY closed at $67.80. With the upcoming merger (around May, right?) where APHA will be worth 0.83 for ever 1 TLRY share, that means, should both stocks trade sideways from now until the merger, APHA will be worth around ($67.80 x 0.83 = $56.27). So......if that's the case, that means if you buy the highest OTM APHA leaps ($35c, which is selling at $11.60 which is $1160/contract at the time of this post), and APHA/TLRY trades sideways until the merger happens, APHA will be worth $56.27, which means it will be over $20 ITM of the $35c strike price. And if you bought those APHA at $11.60, which means the break even is at $46.60, you will still be ~$10 ITM, which, for every one contract you buy, is $1000 gainz since the delta will be at 1.00. + +This ALMOST seems like a sure thing. Why not a sure thing? Well, as the merger date gets closer and closer, there is a chance that TLRY will slowly start decreasing in price and/or APHA will start increasing in price to reach an equilibrium. Assuming a bearish stance, imagine APHA trades sideways the entire time and remains at $28.15 until the merger, and TLRY decreases in price to become the same price as APHA (ie: $28.15). which means APHA will be worth $28.15 x 0.83 = $23.36. Therefore, those $35 c strike price leaps will be OTM by ~$11. With the $35c strike price having a delta at .6868, that means a loss of 68.68 x $11 = $755.48 from your $1160 $35c leaps investment (it'll probably be more since I'm not taking gamma into consideration). + +If you wanna be bearish and don't want to risk losing $755.48 out of your $1160 investment. for a $75.548 / $1160 = 65% loss on investment, then this post is not for you because you worry about the loss more than the reward (which should not be that case since we have no problems seeing GME shares waaaaay in the red while diamond handing those shares. ) Perhaps you should step away from weed-stops because there may be a chance the stocks for both TLRY/APHA crash like weed stocks crashed in 2018, which may leave your options expiring worthless. + +However, my thought process is that TLRY/APHA SHOULD not crash soon (not unless it rallies too high too quickly and people think those stock are in a bubble about to pop and wanna cash out their profits before they fell so they won't be left bagholding and start selling which'll cause the stocks to drop which will/may cause panic selling from newbies here in WSB wanting to cut their losses ) before the merger (ie: Democrats are in power and speculation is good that weed will become legalized, and thus, further rallying) which means buying APHA leaps may be a good choice. + +Am I mathing correctly? + +My positions before I get banned. + +https://ibb.co/pngSqjy + +https://ibb.co/fpVczf1 + +https://ibb.co/z5XcJ9r + +If you click on my profile, you'll see that I bought 100 contracts of TLRY at 0.77 a month ago. I've since sold 75 contracts of them as the stock rallied so I could use the profits to buy leaps in other stocks and APHA. Man, had I held till now, I'd be able to sell those contracts for $346k. Oh well, gainz is gainz. + +Here's a screen capture of the APHA contract I yolo'd into using some of my TLRY profits. + +https://ibb.co/2MPH6bK + +Look at those dates. I bought APHA leaps options the day before this post, and the morning of this post. Anyway, who's ready to lose money yolo'ing into weed stocks like I did? + +TLDR: APHA seems like a good choice moreso than TLRY since those Dems are in power and there is good speculation play with the legalization of weed. +Following the Milliondollarjourney SM guide ([https://milliondollarjourney.com/use-smith-manoeuvre-tax-deductible-dividend-investing.htm](https://milliondollarjourney.com/use-smith-manoeuvre-tax-deductible-dividend-investing.htm)), they recommend that the higher income spouse claim the tax deduction but running some numbers it seems that the lower income spouse claiming the tax deduction actually net a higher return. Am I missing something here? cause the difference is $6,909.76 + +here are some numbers for Ontario + +Spouse Higher Earner + +HELOC Loan $650,000 + +Interest rate 2.35% + +Annual Interest $15,275 + +Marginal Tax 43.41% + +Annual Dividend $32,500 + +Dividend Margin Tax 25.38% + +Dividend Tax $8,248.50 + +Tax saving on HELOC $6,630.88 + +Net Profit= $32,500 + 6,630.88 - 15,275 - 8,248.50 = $15,607.38 + +&#x200B; + +Spouse Lower Earner + +HELOC Loan $650,000 + +Interest rate 2.35% + +Annual Interest $15,275 + +Marginal Tax 20.05% + +Annual Dividend $32,500 + +Dividend Margin Tax -6.86% + +Dividend Tax -$2,229.50 + +Tax saving on HELOC $3,062.64 + +Net Profit= $32,500 + 3,062.64 - 15,275 - -2,229.50 = $22,517.14 +Article [here](https://business.financialpost.com/real-estate/the-theory-of-immigrants-and-foreign-investors-driving-canadas-property-market-is-about-to-be-tested). + +Vacancy rates in Canada’s two biggest housing markets are rising, rents are falling and luxury homes are struggling to be sold. + +Christine Zhu, a Toronto-based realtor, has not facilitated a single purchase or sale on homes since the start of the COVID-19 pandemic. Her clientele are almost exclusively Chinese nationals whose kids are either already international students in Canadian universities and high schools in Ontario, or are looking to begin school this fall. + +In a regular spring market, she would have processed at least eight sales every month, mostly condominium units that Chinese parents would purchase for their children, in addition to numerous rentals. This season she’s spending her days on the phone with landlords, negotiating on behalf of students who have gone back to China, and have no idea when they will return, leaving their leased apartments vacant.  + +There are approximately 640,000 international students in Canada — over 50 per cent of them are Chinese and Indian nationals who make up a significant part of the rental market in Canada’s largest cities. In a typical summer season, tens of thousands of new foreign students, landed immigrants and non-permanent residents looking for work arrive in Canada, seeking some kind of housing, either to rent or buy. + +But with international travel frozen, multiple realtors and housing experts the Financial Post spoke to over the course of the week say that the lack of the usual immigration and travel pattern is starting to have a noticeable impact on the housing markets of Toronto and Vancouver. In particular, vacancy rates are rising in downtown rental markets, pushing prices lower, while luxury homes that usually attract rich foreign investors are struggling to be sold leading to price drops or, in some cases, court-ordered sales.  + +In April, the numbers of permanent residents admitted to Canada declined by 80 per cent from the year prior — just 4,140 were processed and admitted compared to 26,900 in April 2019, according to Immigration, Refugees and Citizenship Canada. +Below I have some quick updates, and calendar dates to look out for. + +\---------- + +H&R REIT ([HR-UN.TO](http://hr-un.to/)) + +HR is about to spin off its retail division, as well as issue a special distribution. It is in my view HR is trading too low versus the post spin off. My estimates are a $16.70 to $19.00 post spin off range. Analysts have targets as high as $21.50. At current trading price of $15.8X, the risk reward here is very favorable. I've outlined my spin off estimates in a previous reddit article which can be found by viewing my profile. I will note, my recent purchases of HR last week has jumped HR to be my #1 holding again. Something I was not planning on, but the opportunity had presented itself. + +Here are the dates. + +HR Spin Off Vote December 13th (Approval is expected, and should begin the rise of HR to narrow the post spin off gap) + +HR Special Distribution EX Dividend Date December 30th + +[https://www.reddit.com/r/CanadianInvestor/comments/r45dyn/hr\_reit\_120\_days\_or\_less\_a\_hr\_update\_by\_retired/](https://www.reddit.com/r/CanadianInvestor/comments/r45dyn/hr_reit_120_days_or_less_a_hr_update_by_retired/) + +[https://www.reddit.com/r/CanadianInvestor/comments/qiv0c2/hr\_reit\_spin\_off\_announcement\_update\_by/](https://www.reddit.com/r/CanadianInvestor/comments/qiv0c2/hr_reit_spin_off_announcement_update_by/) + +&#x200B; + +\---------- + +Artis REIT ([AX-UN.TO](http://ax-un.to/)) + +Artis is expected to announce its special distribution in the next 12 days or so (could be as high as $1-$1.50, but nothing announced, so this is simply a guess based on income). Additionally, I expect them to announce some Calgary office sales. These office sales will offset some of the special distribution required to be paid, and is why the special distribution has likely not been declared yet. The distribution is expected to be cash + units. The Office Sales are significant as Artis is fully exiting Alberta Office, and this will further the push Artis being over 50% GLA of industrial. Additionally, Cominar is about to vote on the sale to Artis and their consortium partners. It's widely expected this purchase will be well below NAV and could add up to $2 in NAV in 2022 alone, as I've outlined in a recent reddit article, which can be found by viewing my profile. It is in my view Artis REIT will see a $20 NAV print in 2022. Buybacks have been exhausted, but the new NCIB is expected to fire back up December 15th. + +Here are the dates: + +AX Special Distribution Announcement estimated the 15th + +AX Special Distribution EX Dividend Date December 30th (Estimated!)Cominar Vote December 21st + +&#x200B; + +[https://www.reddit.com/r/CanadianInvestor/comments/r4ef35/artis\_reit\_axunto\_50\_gla\_is\_industrial\_20\_nav/](https://www.reddit.com/r/CanadianInvestor/comments/r4ef35/artis_reit_axunto_50_gla_is_industrial_20_nav/) + +&#x200B; + +\---------- + +Dream Impact REIT ([MPCT-UN.TO](http://mpct-un.to/)) + +Dream Impact took a bit of a beating recently, and is yielding nearly around 6.75%. For a REIT focused on Toronto and Ottawa Residential, prime high quality locations, and a huge development pipeline mostly density approved already, it is trading too low. With a NAV as of December 2020 of $8.99, a 35% discount to NAV is an incredible buying opportunity IMO. They have bid on 2 major projects which the city is expected to announce the winners of soon. There is no guarantee they will win, but it would be a major catalyst to add these to their portfolio if they do. I've outlined more about MPCT in a previous reddit article, which can be found by viewing my profile. + +Here are the dates: + +Announcement Date Le Brenton Flats January 20th + +Announcement Date Quayside Waterfront Toronto February 2022 (Note, pushed back from December Estimated date) + +&#x200B; + +[https://www.reddit.com/r/CanadianInvestor/comments/qyv4hk/dream\_impact\_mpctunto\_near\_term\_catalysts\_and/](https://www.reddit.com/r/CanadianInvestor/comments/qyv4hk/dream_impact_mpctunto_near_term_catalysts_and/) + +&#x200B; + +\---------- + +Dream Office ([D-UN.TO](https://d-un.to/)) + +Not much has changed with Dream Office except their NAV has increased to $30.74. Buybacks are expected to be exhausted by January (Restart in August). Michael Cooper sounds very confident in his recent interview, and mentions how strong leasing and demand is for their properties. The below video has a poor headline (occupancy meaning the number of people using the office, but not the occupancy as in leasing occupancy) , but basically leasing is picking up, and back to office is expected in January. This may be delayed slightly due to the virus, but the trend is much better than it has been for Office in general. We are also seeing increased transactions in the market for building purchases/sales, which is a good sign. Dream had a very good Q3 report, showing strong FFO during these tough times. Once leasing picks up, we will see a very nice upward trend in FFO from all of Dream's premium properties and their continued strong Toronto leasing spreads. + +[http://www.bnnbloomberg.ca/video/we-re-not-going-back-to-february-2020-occupancy-every-again-dream-office-reit-ceo\~2334630](http://www.bnnbloomberg.ca/video/we-re-not-going-back-to-february-2020-occupancy-every-again-dream-office-reit-ceo~2334630) + +&#x200B; + +\---------- + +RioCan REIT ([REI-UN.TO](https://rei-un.to/)) + +An honorable mention that no one was expecting. RioCan has begun buybacks. I would have preferred to see them increase the distribution, but buybacks are happening now. What the game plan is, I do not know. The discount to Book Value, which isn't huge, but is still there, makes these buybacks a bit puzzling. They could put cash to better use, but there may be another reason for the buybacks. Helping an investor reduce their position and not sink the price? Meet year end unit price targets? Raise the price to issue new convertible debt in 2022? Whatever the reason, it is bullish for the unit price while they are buying back. How long these buybacks will go on for, is the unknown. + +\---------- + +COVID Risks + +Delta and Omicron is an unknown, but my personal view I will outline. Cases are rising, as expected for this time of year. We will see a continued rise in cases until early/mid January due to Christmas gatherings. However, we are not at the same place as 2020. We know what the vaccines can do, and deaths are not rising at the same rate. Our vaccines are working. Omicron was an unknown last week. Uncertainties kill stock prices. Over the weekend, we continue to get reports of mild illness, similar to a cold. However, Omicron spreads faster. As time goes by, Omicron may take over Delta. As a less deadly strain, this may be the beginning of the end through increased infection, but thankfully, much less deadly, and more like a cold. This is my personal view, and I am not in the medical field. The market prices in 3-6 months out. Where will we be in 6 months? My "bet" is it will be less deadly, less hospitalizations, and more people vaccinated, resulting in the end of the fear. I should also note, that most quality REITs have stronger balance sheets today than they were pre March 2020. The virus did not risk an ongoing concern for many REIT sectors, including quality retail and office. Quality, location, and strong balance sheets are what I am looking for. Personally, I am staying away from REITs which were under heavy stress during lockdowns, as their recovery time will be longer, and it showed their vulnerability (Hospitality, Care Homes). I would personally rather take less risk, with slightly lower reward knowing that the REITs I am buying had weathered the 2020 storm very well financially, and will not be hindered by debt or doubt into the recovery. + +\---------- + +Please feel free to read my write ups on multiple REITs in my reddit profile. Nothing I write is investment advice. I am likely to add to my REIT positions on any further drops, and have been active buying AX and HR last week due to their upcoming catalysts as outlined. + +&#x200B; + +For more of my posts, feel free to view them here: [https://www.reddit.com/user/RetiredCEO-/posts/](https://www.reddit.com/user/RetiredCEO-/posts/) +What follows is the summary of a speculative position I am taking in ether today, my rationale for taking the postion and my exit strategy. Proposed February 18/2017. + +Thesis: Ethereum market capitalization Should be higher than Bitcoin market capitalization. My assertion is that the market is mis-priced and that it will re-price in a distinguishable event (i.e. The Flippening). + +Rationale: Ethereum is the better technology. A large segment of the crypto-market is committed to bitcoin for irrational, emotional reasons. The market is poised for a repricing event, presenting a speculative opportunity. + + Recently, a possible market event has been proposed, dubbed the flippening. As I understand it, the flippening implies a psychological-market event where the market capitilization of Ethereum exceeds that of Bitcoin. The filppening in the herd mind (here the herd is the group that holds, uses or has an interest in crypto currencies for any reason, excluding the general public) will be a general loss of confidence in Bitcoin accompanied by a shift of capital to Ethereum. + +Exit Strategy: Some event will occur, highlighting the obvious flaws and lack of innovation in bitcoin. This event will herald the flippening. It will change the herd mind, probably rapidly. This event could be something like, but not limited to, the Winklevoss ETF failing, week long transaction times in bitcoin, or a significant technological advance or DAPP success on the ethereum side. The occurrence of this event and concurrent ether price increase constitute the signal to sell (re-weight) for for this trade. + +Conclusion: Although highly speculative, the flippening presents an opportunity to multiply +capital employed. Bitcoins current market capitilization is about 15X that of ethereum, +therefore the capital multiplier is likely to be a number greater than 2, provided the thesis is correct. + +Cost Basis: Approximately 13 USD or 17 CAD or 12 Eur or 88 Yuan. Currently 0.0121 bitcoin per ether. + +Bonus: This game ain't for no lame. If you've got heart, you can play this game. If your heart ain't in it, skip it. Don't play with what you can't afford to lose. + +Disclosure: I am placing about 4% of my net worth into this trade today. About 20% of my net worth is already in ether. I don't hold Bitcoin or any other crypto currency at the time of this writing. + +Good luck to all. + + +Am I making a mistake if we want to get a pool? We’ve lived in a sub with a community pool for the past 10 years. It’s been great but, limited hours and sharing a pool with others isn’t perfect but it was manageable. Until last year. The people running the pool stepped down and the pool has gone down hill fast. Hours were reduced more, pool chemistry wasn’t maintained and when the pool was open, nobody wanted to swim due to algae blooms. The association doesn’t want to pay to have the pool maintained properly and they don’t want to pay lifeguards competitive wages so it looks like limited hours again this year. + + +Financially, I can pay cash for the inground pool and still have 1 year of cash on hand if my wife and I both lost our jobs. We both max out our 401k and an HSA and we have a healthy balance in our 401k right now. + + +We live in a Midwest state so fairly low cost of living. The house is likely our last house before wanting to downsize. + + +We save about $3500 per month after all expense and our only debt is our mortgage which I was paying down aggressively until last year when I refinanced into a 10 year @2.35%. About $95k left. + + +Both our cars are getting old but I WFH and she has a very short drive to work. We could benefit from new windows on the house, but everything else major has been taken care of (Kitchen, Roof, furnace) + + +My wife tells me she doesn’t want to wait till her 60s to spend some money and I get that. We are in our 30s now. + + +I did lose my job during the Great Recession and at the time had little job experience which left me unemployed for the longest 11 months of my life. It has given me some ptsd and caused me to hoard cash and I get anxiety with large purchases. + + +Are we staring down a recession soon with inflation skyrocketing or is that just my anxiety with a large purchase? Feels like we are past due for a recession in the US. +Marriott International is acquiring Starwood Hotels & Resorts, creating the world's largest hotel company. + +The deal is valued at $12.2 billion, consisting of $11.9 billion worth of Marriott stock and $340 million in cash. For each share of stock, Starwood investors will receive $2.00 in cash and 0.92 shares of Marriott, with Marriott priced at $72.08 per share. + +Marriott (MAR) closed Friday at $72.74. Starwood (HOT) closed at $75.00. + +Combined, the company will be able to offer 1.1 million rooms in more than 5,500 hotels across more than 100 countries. +Marriott International is acquiring Starwood Hotels & Resorts, creating the world's largest hotel company. + +The deal is valued at $12.2 billion, consisting of $11.9 billion worth of Marriott stock and $340 million in cash. For each share of stock, Starwood investors will receive $2.00 in cash and 0.92 shares of Marriott, with Marriott priced at $72.08 per share. + +Marriott (MAR) closed Friday at $72.74. Starwood (HOT) closed at $75.00. + +Combined, the company will be able to offer 1.1 million rooms in more than 5,500 hotels across more than 100 countries. +I am trying to figure out how much do you Fat Fire guys spend a year. Most of the folks here are in HCOL I think and wanted to see what’s a fat Fire lifestyle encompasses and what do you spend money on? + +For us it’s mostly the mortgage and daycare that takes the biggest chunk and we are spending around 90k a year hardly fat. Want to get a sense of what level of spending/ expense would be considered fat? +Hi Everyone, + +As everyone else in here i am trying to have a better understanding of my finances and expending so i can take full control of my finances. + +I try many templates but i am afraid i found most of them confusing, it was hard to get a clear picture of where the money is going. + +This is why i created the template below, which breaks it down in steps! + +First: income +Introduce salary, extra income, overdrafts + +Second: home running cost +All the core house running cost will be listed and deducted (rent, electricity, credit card payments, subscriptions, etc) basically the things that HAVE to be paid. +This will let you know where you are once all the “hard bills” are paid. + +Third: living cost +This includes groceries and transportation. + +Fourth: disposable income +This tells you how much money you actually have left for expending and how you are using it + +Fifth: totals +This lets you know where do you stand at the end of the month. I also added a section to add your debt ( in case of credit cards i also added a little thing that tells you your current utilisation rate) and a section for savings. + +I am improving this as i go so i am open to suggestions, but i think this format truly helps me understand where the money is actually going. + +As this is for me and my partner it has a “couple” format so you can keep tab of who is paying what and the percentage of it. + +Hope this helps someone as its helping me + +https://www.dropbox.com/scl/fi/s6auhz39ovnhymc0kkic2/Budget_2021_Template.xlsx?dl=0&rlkey=lqcbmjiatbjhk59tvhjqj432r +**Retail cannot create more shares** so when GameStop says "There should be 26 million shares available for retail but we got 100+ million votes" the media can't blame retail for fucking up the stock. + +So where did retail get their insane amount of shares? Eyes would probably turn to market makers first since they are responsible for having the shares available for buyers through brokers. This would put pressure on them to explain the situation, which would probably start a more public blame game in which everyone would say "it's not our fault" until the finger points to SEC for "not doing their job". + +But what if the media doesn't say anything and tries to hide this news? Well, if GameStop put out a statement about the flood of votes exceeding the actual number of shares I'm sure more people would tweet about it since the the concept of "200M is more than 26M" is easier to understand and believe than "Hedgies are illegally naked shorting GameStop". If enough people talk about it on social media, the mainstream media can't ignore it. + +EDIT: Didn't think too much about the actual number of votes that could be cast so I just threw a big number (100M) since the point was the topic in the title, but after few comments I decided to type this here too: + +It seems like institutions (like ~~BlackRock~~ Vanguard) didn't recall their shares on the record date (4/15, there wasn't mass buying back shares) so if their shares are still shorted (borrowed and sold) the new owners (possibly retail apes) could've claimed the right to vote - thus the amount of votes from retail could be twice what they should have. + +According to investopedia "Whoever owns the shares on the record date, whether that be the initial investor or the investor that bought the shares on the open market, is the one who has voting rights." ([https://www.investopedia.com/ask/answers/05/shortsalevotingrights.asp](https://www.investopedia.com/ask/answers/05/shortsalevotingrights.asp)) + +Since there are \~70 million (actual) shares total, I believe the total amount of votes can't be over that (since to be able to vote you need to have recalled your shares by the record date, I did read something about "over-voting" but couldn't find anything solid on it by googling around), so my "100M" is a bit misleading. Sorry about that! Didn't think about that when wrote this, but that's why I gave it the flair "Opinion" instead of anything else. /EDIT + +**EDIT2:** u/DJchalupaBatman brought up a good point in their comment and I realized that my first edit clashes with the title. I'm not very smart ape so the flair will stay as "opinion", but I did do some researching into a thing called "over-voting". I couldn't find much about it but this was an interesting read [https://katten.com/files/21384\_proxy-vote-processing-issues.pdf](https://katten.com/files/21384_proxy-vote-processing-issues.pdf) + +&#x200B; + +[So the votes CAN go over the actual number of shares outstanding \(\~70mil\)](https://preview.redd.it/b7v7z1iyj5v61.png?width=738&format=png&auto=webp&s=36a9d32cf3a3a1ae332bc895142e48f7980f9ada) + +I'd love to read some DD of over-voting if any ape smarter than me could dig into it! I'm a nordic europoor so I can't even vote in any case;\_; +Whats the two things apes wanted to know? + +Whats the way? Computershare + +How many shares voted? 741% + +Tell me ive cracked it. I await my place in history. Also, someone should probably tell lawsuit guy 😂 + +I could be wrong, but this seems dead easy and exactly what the sub was trying to figure out. RC is answering the questions. + +Edit: The 7:41 tweets started May 30... this would be just before the vote deadline June 8 and probably where they would have stopped and accepted results. This concept of looking at the votes a week before the deadline is commonplace, it allows you to withdraw items you prerty much know wont pass, popcorn did this when withdrawal of share increase. +Hey guys, let's try to clean up this sub a little bit. There's a ton of posts filling up the front page all about GME and AMC and other stocks that are, or are potentially going to squeeze. Let's consolidate all discussion on these names into this thread and keep the individual posts outside to a minimum. + +I'll leave the existing posts up but I think we need to all work together to make sure this sub stays orderly as we have grown over 175k subscribers in just the last two days. There are a lot of bots and spam and we're doing our best to remove them but I think consolidating all these legitimate posts about this stuff into a a daily thread will help a lot. What do you all think? I can make a new one of these each day for the next little while! + +THANKS!! +I do intend to put in $5k at a later point to invest using Wealthsimple, but for now I just wanted to play around with the app and try out a few stocks just to get comfortable and get my feet wet. I still have plenty of research and reading to do, but for now, are there any suggestions people have on where to put my first $100? I'm looking at CA currently. +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! +Call me an idiot, or whatever you want to call me. All apes saw that 10.00k at $195….then the price dips hard. Ok, come on how is that possible that it gets filled and dips to $191? Like how obvious do they have to put it for the SEC to see that shit. Every time I see something that obvious it upsets me because they are basically slapping people In the face that they no longer try to hide their crime…maybe I’m wrong and the order hasn’t been filled yet but what the actual fuck? maybe the SEC is collecting data for a massive file or maybe they just don’t give a fuck as how obvious Hedgefucks have to literally put their crime on a silver platter in front of a starving person…this is upsetting, makes me HODL more and makes me not want to sell about 10% of my shares ever. +Welcome to the **/r/EthTrader** Daily Discussion thread. The thread guidelines are as follows: +*** + +- Discussion topics include but are not limited to general discussion, details related to events of the day, technical analysis, Ethereum Classic, and minor questions. +- Important content should be posted as a separate thread. +- Be excellent to each other. + +*** + +Thank you in advance for your participation. Enjoy! + +If I read this correct: pretty much everything except the large caps have corrected their valuations such that their indices are either Forward P/E is pre covid levels or in the case of small caps they are valued such they were in 2018, 2008, and after the dot Com bubble. + +How CAN they get any lower than that? That's 30 years of significant recessions or threat of recession with 2018.... + +I think this explains the painful choppiness that keeps hammering through. + +No one wants to give up their mega cap safety so the prices stay high there but the small caps are spent...not going down much any now and often times they are popping 10% from their all time lows. + +https://www.google.com/url?sa=t&source=web&rct=j&url=https://www.yardeni.com/pub/stockmktperatio.pdf&ved=2ahUKEwjxic_91bb1AhUBI0QIHbrIBKsQFnoECDYQAQ&usg=AOvVaw3GJPX7XY2keNDqpF3I09L- +Asked for guide prices for several properties. Quoted prices are still pretty high. But I guess there won’t be any forced sales given all the help from government. Thoughts? +My comcast bill increased $20 in the last month of my first year of a 24 month contract. This isn't the service fees or anything. It's the actual plan minus contract discount which is where it shows the $20 difference. Is this normal or am I being taken for money? +Hey apes, + +I found something big. Lots of pictures to make it easier to read. + +So I work somewhat in the non-profit sector so I started looking at WWF and Save The Children's tax forms (aka 990s). Check this out. + +**I first started to look into WWF**. I found some peculiar things on their form. First is the Investments section: + +&#x200B; + +[Investments are listed as 'Partnerships'.... that is a lot of money for partnerships.](https://preview.redd.it/l8dh2xykmds81.png?width=901&format=png&auto=webp&s=f83bfa51da218296be1056fe519af8ddca2b7921) + +Then I looked at Other Liabilities: + +[Where have I seen swaps before?](https://preview.redd.it/dc8rzlrmmds81.png?width=880&format=png&auto=webp&s=2d7a1ecbf9e7ead81af26d0b1c55b1585d0ba0a5) + +&#x200B; + +[Explanation from investopedia.com](https://preview.redd.it/jao8eq3pmds81.png?width=548&format=png&auto=webp&s=92f12353733956d681940656cd5c49a834c2a875) + +Wait, this non-profit charity can trade? None-the-less OTC? Can all non-profits do this? Yes, yes they can. + +As I continued reading I came across this: + +[Financial Accounting Standards Board \(FASB\). Who dat?](https://preview.redd.it/g7pzxzkqmds81.png?width=944&format=png&auto=webp&s=eb42851d45ba39905d2a5f3b265a4ba59e9a8d7a) + +We'll get to who FASB is later. + +Non-cash Contributions: + +&#x200B; + +[Someone or some entity donated 265 shares of a company? This could be from someone who died and donated the shares, but still strange.](https://preview.redd.it/y2nhe5jsmds81.png?width=869&format=png&auto=webp&s=4378e3931c88788bf686f61064dcaa5c23bf32aa) + +&#x200B; + +**Now for Save the Children.** + +Lets look at Investments: + +[Hedge Funds? Mutual Funds? Private Equity? To the tune of $127M dollars? ](https://preview.redd.it/6mpqv5stmds81.png?width=893&format=png&auto=webp&s=fbf1da50f9e604f56d0d8fda2952cc7c13791a1e) + +Now I know $127M doesn't seem like a lot in the grand scheme of the market (like 3 shares of GME), but there are 10s of thousands of non-profits investing into the markets. Pretty large sums of money. + +Non-Cash Contributions: + +https://preview.redd.it/fkyuvc7wmds81.png?width=881&format=png&auto=webp&s=328ebedf7850272a436ef26491ae1885b768c64f + +**Lets get back to FASB. Who are they?** + +[Summary](https://preview.redd.it/49blcloxmds81.png?width=856&format=png&auto=webp&s=71116ab4a7b7388699b6edaf301a71d4a98c01aa) + +The FASB sets the accounting standards for public companies and other organizations. It is recognized by the SEC. They created the Generally Accepted Accounting Principles. What's that? + +https://preview.redd.it/2c30zvyymds81.png?width=809&format=png&auto=webp&s=b9e5bc6345dd256d0bd6026cdbf4296f7b2cf49e + +So lets get this straight. One of the main assumptions of the standard is that if the company says the standards are being followed, no further disclosure is required?! Sounds ripe for abuse... oh wait it is. Massive accounting irregularities from **ENRON** and Worldcom. I'm familiar with the Enron scandal, but what is Worldcom? + +&#x200B; + +[Scheme to inflate company assets....](https://preview.redd.it/7jbkm780nds81.png?width=788&format=png&auto=webp&s=cbca33293578deb269e49ec5fc267c7c3314efef) + +https://preview.redd.it/as4pt6f1nds81.png?width=778&format=png&auto=webp&s=9616fbd30745a3236a64494a3204fa2e81c43cef + +Worldcom's Board of Directors authorized loans and loan guarantees to the CEO so that he wouldn't have to sell his shares to meet margin calls or the share price would have plummeted. It was estimated that the company's value was inflated by $11B. **HO-LY FUK.** Are these non-profits and some companies, at the guidance of bad actors (ie BCG), loaning money out to hedge funds/board members to avoid margin calls?! Is that why when things are going south, they are magically saved? FUCKIN' A - ARE THESE NON-PROFITS THE ULTIMATE BAG HOLDERS? Is the whole market inflated and a giant ponzi scheme? + +Somebody, please think of the children (and animals). +So i’ve just inherited a large sum and I was wondering if I should just invest it all now or invest it in small sums periodically. + +Thanks in advance for your advices. +The union representing Air Canada flight attendants says the airline is set to ask employees to work less — or not at all — as concerns over job security buffet the airline industry. + + + +Air Canada will ask workers to slash their schedules, go on leave for up to two years or resign with travel privileges, according to an internal bulletin to members from the Canadian Union of Public Employees sent out Thursday night and obtained by The Canadian Press. + +READ MORE: Live updates on the coronavirus pandemic in Canada + +The memo states that CUPE is in discussions with Air Canada over continuing the federal wage subsidy, which the airline has not committed to maintain past June 6. + +“We know this news is not what any of us were expecting,” states the bulletin, signed by the president of CUPE’s Air Canada component and two other union officials. + +“The reality is that COVID-19 has severely impacted the demand for air travel over the past few months and into the foreseeable future. As such, there is no denying that we are dealing with the largest surplus of cabin personnel in our history.” + +Air Canada confirmed that further cuts are imminent. + +[ Sign up for our Health IQ newsletter for the latest coronavirus updates ] + +“We expect that both the overall industry and our airline will be considerably smaller for some time, which will unfortunately result in significant reductions in both fleet and employee levels,” the airline said in an email. + +It did not answer questions about whether it would drop the Canada Emergency Wage Subsidy, which Ottawa recently extended through August, or how many layoffs were upcoming. + +READ MORE: Coronavirus: WestJet extends flight cancellations due to reduced demand + +Air Canada announced five weeks ago it would rehire 16,500 laid-off employees — including 6,800 flight attendants — via the subsidy program, which covers 75 per cent of a worker’s normal hourly wages or up to $847 per week. + +The vast majority of rehired Air Canada employees have stayed at home under the subsidy as more than 200 planes remain grounded amid the collapse of global travel triggered by the outbreak of COVID-19. + +While Air Canada is not contributing to most worker wages, the airline has continued to put money toward pensions and benefits, a continuous cash drain at a company that lost more than $1 billion last quarter. + +The Montreal-based company has been bleeding cash since mid-March, slashing its flight capacity by over 90 per cent ahead of even fewer expected passengers between April and June. + +Though traffic is expected to pick up somewhat before year’s end, more than 200 planes remain grounded and Air Canada CEO Calin Rovinescu said last week the recovery will be slow, with at least three years of subpar earnings. + +https://globalnews.ca/news/6950933/air-canada-employees-retirement/ +There is a great documentary series on Netflix right now about the 2000s. The episode I'm talking about is Season1 episode 6. It is about the financial crisis and the events leading up to it and the immediate aftermath. + +I think it is especially useful for younger folks on here who started investing in the last decade. It was probably easy to hold and continue to buy over the minor dip we had late last year. But a 2008 level event is a different story. Shit got real. + +I will add though, my bigger fear for the kind of investing we preach here at r/FI is a Japan style flattening of the economy for a couple of decades or so. But none of us know which nightmare scenario might come to pass. Keeping expenses down will help no matter what. + +edit: The name of the documentary is literally 'The 2000s' +I'm helping my mother with her will. I'm sure she still has a few decades left, but it can't hurt to be prepared. Neither of us are sentimental people. She's made it very clear she doesn't want a funeral, or an expensive service. We're not religious, and all she wants is the cheapest, most affordable way to dispose of her body after she passes, so the smallest possible percentage of her assets are "wasted". + +It seems like burial and cremation are the only two choices, and cremation is usually slightly cheaper. Unfortunately where I live, cremation still costs ~$4,000 plus transportation, which is a significant chunk of my mother's assets. The cheapest burial service I could find charges $6,500. + +Is there some alternative to these absurd fees? Can I take my mother's body out on a boat (maybe to international waters?) and perform a "burial at sea"? Or bury her by my cabin? + +I am fine with paying for a death certificate. I understand the need for this. But I'm not OK with being legally obligated to pay thousands of dollars to a corrupt private industry that preys on the bereaved. + +Money is extremely tight and there's no way she can afford even basic life insurance, another industry which frankly seems like a huge scam. + +Thanks for the advice. +A coworker recently told me about how he uses an app called Mint where it logged into his banking accounts and budgets all of his expenses for him. I downloaded it but I am hesitant to just give my banking info to random apps. I'm really young and still pretty naive when it comes to saving and budgeting but I want to having something that will help me keep track of all my spending. What do you suggest? + +(Edit) Wow, I didn't think this post would explode like this. Idk if I will be able to read every comment but I really do appreciate all this feedback! Budgeting is hard when you're young and dyslexic. +The house we want to buy will be a stretch for us month-to-month for a couple of years, but we want a larger house for our family and don't want to move again in the next five years. Have you bought a house knowing you'll spend a couple of years eeking out payments? (I'm currently not working full-time but will return when my kids are in school, but I'm a freelancer so my income depends on how much of a priority I make it over running the kids/house)? My husband has stable employment and anticipates promotions/raises each year. We are debt-free outside of our mortgage and plan to continue that way. + +Edited to add: We have lived in/paid mortage on our current house for 8 years and have six months of emergency funds for our current budget. The prospective house is in our target neighborhood and same school district that our two oldest are enrolled in now. We wouldn't plan to move again until kids are out of the house, if then. +"I do hope to bring [\#Bitcoin](https://twitter.com/hashtag/Bitcoin?src=hashtag_click) into our National conversation…” + + + +https://reddit.com/link/ju1718/video/ew95di0v77z51/player +We need to get that one guy who made a uber confident post that there is no way Bitcoin would drop below 5000 and made an offer to bet anyone for it. ~~Now I can't find that post (deleted?) but~~ maybe someone in the community can track that guy down and get him to say something. Another person did take him up on that bet so I'm eager to see this get sorted out now. + +Found the original post: https://www.reddit.com/r/CryptoCurrency/comments/94b9d9/everyone_saying_btc_is_going_to_3000_is_new_and/ + +/u/dieyoung time to honor the bet + +/u/goodwill_cunting congratulations on winning. +I’m starting to see some homes in my area on zillow as auction/pre-foreclosure. I believe you can’t see these homes but does anyone have tips for buying a house in this state? I don’t have enough cash to buy, but I’ve also heard you can’t get a traditional mortgage. What avenues do I have to purchase? I already have a home and would buy these as an investment. +Hello, + +I'm thinking about buying a home next year, I need more room for my kids. + +I currently have no investment account other than my 401k. I'm contributing the minimum to it to get my employer match and putting all much at I can in a savings account. + +My thinking is having the liquid money is better for buying. +Also I don't know where to start with investing. + +What do you think works be my way forward? +Thanks in advance + +EDIT: I'm not using my 401k for the down payment just thought of saying it was the closest I had tho an investment account +This might be a bit morbid, but I'm in the third trimester of a high risk pregnancy and I suddenly realised I don't have a will, and my husband doesn't really know the details of our accounts. + +My husband is pretty averse to dealing with bills or money, while I would live inside a spreadsheet if I could, so I handle all of our finances. We get paid into a joint account - that's fine - but everything else is in my name. + +How do I make sure he can find the details of these accounts if something happens to me? I'm looking up how to draw up a will now, but I'm thinking more in terms of account numbers /logins etc. A complicatjng factor is we've lived in three countries together and have pensions all over the world, and each pension has different 2FA security in different languages. + +I use a password manager, so I could just share using my password manager of choice, but I'm worried that he'll lose or forget the details. + +How do other people handle this? +When I transferred out of RH, they didn't send along my cost basis information, which I, as a first time investor, shrugged off and entered manually based on what I believed to be true. ~~Weeks later~~ edit: now that I think about it, it's actually nearly 3 months later, RH is finally sending out cost basis information and it really really looks like there was a reason they were holding it back. + +I saw [this post](https://old.reddit.com/r/Superstonk/comments/ncezct/so_robinhood_finally_sent_over_my_cost_basis_from/) and realized I'd seen this before, in [my own account!](https://imgur.com/oGKz7uS) + +And, not only that, but some of these fractional shares were dated 1/7/21. **That's before I even made my RH account** ([Proof](https://imgur.com/20kfIoA)). I first made an account and bought GME on 1/27, which some of those fractions do indicate. + +So, I called Fidelity to ask where these numbers came from. Posting this while on hold with them, will update. + +Edit: Fidelity had very little information to offer immediately, besides the fact that these numbers were definitely sent over by RH and not generated on Fidelity's end. They've escalated the case for further investigation. + +Edit 2: Others in this thread have posted describing the same thing in their own accounts, including [here](https://old.reddit.com/r/Superstonk/comments/ncj1sm/if_you_transferred_out_of_robinhood_look_at_your/gy5db7x/), [here](https://old.reddit.com/r/Superstonk/comments/ncj1sm/if_you_transferred_out_of_robinhood_look_at_your/gy685r1/), [here](https://old.reddit.com/r/Superstonk/comments/ncj1sm/if_you_transferred_out_of_robinhood_look_at_your/gy5hzgi/), and [here](https://old.reddit.com/r/Superstonk/comments/ncj1sm/if_you_transferred_out_of_robinhood_look_at_your/gy5fhlp/). + +Edit 3: If you want to check this yourself and you're on Fidelity, you can go to the "Positions" page and expand the listing for GME to see the cost basis per share information. Look for huge discrepancies in price or dates like this and pay close attention to shares transferred from RH. + +Edit 4: Update [here](https://old.reddit.com/r/Superstonk/comments/ne32kb/whats_the_real_cost_basis_robinhood/) +I live in Florida myself and sold my house this last January. I thought I had timed things relatively well (I waited 2 years into everything and thought it was the peak). + +Now with interest rates rising and the prices of houses still increasing, I’m not sure I made a wise decision. + +Wondering if I should just buckle up and rent for the next 1-3 years. + +Thoughts? + [**Dave Lauer**@dlauer](https://twitter.com/dlauer)·[17m](https://twitter.com/dlauer/status/1446468312234332187)Merrill Lynch was just fined $850k for Reg SHO violations that are primarily focused on improper netting of positions to eliminate FTDs. Action says FTD obligations were reduced while short positions were not. + +[https://www.finra.org/sites/default/files/fda\_documents/2016060801702%20Merrrill%20Lynch%2C%20Pierce%2C%20Fenner%20%26%20Smith%20Inc.%20CRD%207691%20AWC%20jlg.pdf](https://www.finra.org/sites/default/files/fda_documents/2016060801702%20Merrrill%20Lynch%2C%20Pierce%2C%20Fenner%20%26%20Smith%20Inc.%20CRD%207691%20AWC%20jlg.pdf) + + [**Dave Lauer**@dlauer](https://twitter.com/dlauer)·[15m](https://twitter.com/dlauer/status/1446468778062123046)There are a few interesting nuggets in this action. For example, it also suggests that Merrill traders used derivatives in overseas affiliates to net against short positions in the US to avoid marking orders as short. That seems like a big deal. + +[https://twitter.com/dlauer/status/1446468778062123046/photo/1](https://twitter.com/dlauer/status/1446468778062123046/photo/1) + +The fine is nothing. + +[https://twitter.com/dlauer](https://twitter.com/dlauer) + +[https://www.finra.org/sites/default/files/fda\_documents/2016060801702%20Merrrill%20Lynch%2C%20Pierce%2C%20Fenner%20%26%20Smith%20Inc.%20CRD%207691%20AWC%20jlg.pdf](https://www.finra.org/sites/default/files/fda_documents/2016060801702%20Merrrill%20Lynch%2C%20Pierce%2C%20Fenner%20%26%20Smith%20Inc.%20CRD%207691%20AWC%20jlg.pdf) +Hi all, I’m sorry I’m not sure if this is the right sub but any pointers would be appreciated. + +My 76y/o father has been in a nursing home due to his cognitive decline since April this year. I have been appointed his adult guardian in February. +He has no savings, no superannuation, no assets and only a small unit in his name with a $40k mortgage still owing. (Unit is absolutely disgusting, previous termite problem hasn’t been cleaned properly in years. I had no idea how bad it was until attempting to clean it. It’s going to cost at least $30k to fix it up to sell.) + +His nursing home costs $112 per day, in total it’s an extra $12k a year more than his pension. That’s not including his medications and other daily expenses, on top of all the expenses for his unit. (Rates, mortgage, body corp). + +I am by no means wealthy and am on maternity leave myself right now. I can’t afford to keep paying for him and everything else he asks me for. Centrelink are absolutely no help when I call and I’m worried constantly how I will come up with the funds each month. + +Has anyone been in a similar situation? +New account because reasons, although I have been on this subreddit for years. + +So I am 55 and have achieved all my goals towards FI. We are debt free with a net worth of over $2.2M. About half of that in stocks, a quarter in cash and laddered CDs, and a quarter in real estate investments and properties. It is just my wife and I now and we have been tracking our expenses over the last couple of years. We can easily continue our present lifestyle on $35,000 per year, $30,000 if we cut back on some unnecessary expenses. We live simply and we raise much of our own food and I could do even more if I didn't have to work. I have structured our finances to where we could weather just about any downturn in the markets. Even without social security we are well under a 2% drawdown rate and that doesn't include any of the passive income from the real estate. We are, as my dad would say, "Shitting in high cotton." + +I have worked hard to get ourselves to this point where I could retire and focus on other things. I am ready. The problem? I have realized that **I am a fucking coward.** I am *terrified* of taking that final step into retirement. Leaving my job would be a one-way trip. I have a good job that pays well, but it is a young man's game now and the only reason I am still here is because of my reputation for what I have done in the past. I could never come back into this field at the same level I am at. I enjoy what I do for a living, but I am getting tired of the politics and trying to keep up with the new technologies. Much of what I know is outdated and will probably be totally obsolete in 5 years. My choices are to work even harder to catch up or walk away and do something more rewarding. *Everything* is telling me that it is time to retire and focus on the things I want to do but I just can't seem to take that step. Whenever I think I have built up the courage to walk away, I hesitate and think of every single thing that could go wrong and slink away again with my tail between my legs. + +I'm not even sure what I am afraid of to be honest. Fear of the unknown, I suppose. Fear of watching the numbers possibly start to go down instead of up. Fear of not being able to afford healthcare. Fear of having an "oh shit" moment where I realize that in spite of all of my planning I missed something important. I plan *everything* because I don't like surprises. I like predictability, and I suppose this is a leap of faith that all of my planning is good enough. But is it? What if I missed something? Even now the thought of retirement give me a sinking feeling in my stomach. Why, dammit, why? Because when it comes down to it, I am a coward. + +Sorry for the long boring post. This is screaming r/humblebrag I know. I don't mean for it to be. I am like a nervous bride having second thoughts just before walking down the aisle. I've done all of this planning, but have I done *enough*? How do I get past this fear? How do I learn to have faith that I have done things correctly? + +How can I not be such a **fucking coward**? + +Edit: All of you are **awesome**, and I mean that from the bottom of my heart. This mass group therapy session has really helped me to see what the problem is, and it wasn't what I thought it was. I'm not afraid of running out of money. I'm afraid of losing an identity that I have spent decades building. I can already feel the fear dissipating as I come to grips with that. I have some deep thoughts to think on for the next month or so as I map out what post-retirement me looks like and how I, as someone put so eloquently, write the story that I want to become. +“Our analysis of more than two hundred samples of pay data provided by DoorDash workers across the country finds that DoorDash pays the average worker an astonishingly low $1.45/hour, after accounting for the costs of mileage and additional payroll taxes borne by independent contractors.” + +This makes me worried for the long term viability of $DASH. As a company they take huge fees from restaurants and pay their workers very little. At some point businesses and workers will move on from $DASH right? + +https://payup.wtf/doordash/no-free-lunch-report +I recently consolidated all my wealth under Vanguard (all personal wealth & pensions) & when I did, this tiny voice suddenly popped in my head saying, how sure are you that it’s safe to have all your wealth with just one ETF provider, which is still at its core a company run by people, so therefore not infallible. + +Just to be clear I’m not asking about how safe of an investment ETFs are, I understand that the underlying assets of an ETF can drop in value dramatically & that diversification only gets you so far. I accept the underlying asset risks of the ETFs. + +What I don’t know however, is just how safe Vanguard as the ETF provider is, what fraud/manipulation/unknown risk haven’t I considered. What if Vanguard has say some massive accounting scandal that they’re hiding & that they’ve secretly used all the funds & there’s nothing left. What if there’s some Madoff style scheme going on or what if a rogue trader at Vanguard has been able to siphons off billions or accrue trading liabilities or what if Vanguard has trusted some 3rd party with its assets and they’re fraudulent or some other unknown unknown. + +I know that Vanguard is incredibly safe (they now have everything of mine after all) & that the way the company & ETFs are setup mean that manipulation/fraud etc is very difficult but is the risk of something dodgy truly non-zero. + +Am I actually taking some risk having invested everything in one ETF provider or is the prudent thing to actually spread it out over say 3 ETF providers? Or am I actually just worried about nothing, it’s truly 100% safe (volatility risk of the ETFs aside). + +I know there’s a financial compensation scheme but that’s only to £85k, so that’s not really true compensation dealing with someone’s life wealth. +One of the greatest traders of our time - Nancy Pelosi. Joking aside, I was looking through her recent trades and couldn't help but notice how well structured they are. Her choices for the longs are very similar to how I set up my diagonals. + +* She's using long calls as a surrogate long stock position to take advantage of the leverage afforded by options. For example, the GOOG trade cost around $940K for her to put on. A similar stock trade would've been around $2.9MM. +* She uses two different long call strategies, based on her disposition towards the stock. + * For more developed equities like GOOG, MU, DIS, she selected slightly shorter term expirations but went further ITM. This allows the trade to behave more like long stock while decreasing the impact of theta decay on the options. + * For more growth oriented equities like RBLX and CRM, she selected LEAP expirations and chose strikes closer to the money (although, still ITM). This offers more growth opportunity in the options if directionally correct, while still limiting the impact of theta decay on the longs. +* She selected all established products with promising lines of business going forward. DIS surprised me a little bit, but since COVID they've been pivoting more and more to telecomm so I can understand her thought process the. +* The choices she made are not the cheapest method to gain exposure, however, these are well structured trades. Diamond hands Pelosi at it again. + +EDITS for all the keyboard warriors: +\-I'm not suggesting that Pelosi is actually any kind of great trader - the post is generally satire. The focus is more on the construction of the trades. +\-The post isn't about how she selects the products, if there's insider trading, etc. +\-To clarify, Nancy's husband makes most of the trades and she is required to report them. I have absolutely no idea who is actually structuring the trades, if they have an advisor, etc. Again, calling her the great trader is more of a joke than anything. + +https://preview.redd.it/qq8uz7f0e6981.png?width=884&format=png&auto=webp&s=6f223e9b43171bf5e90edfa9ae41014830e2cf92 +The Govt has about $3 trillion in debt that will roll over next year, plus about $2 trillion for the expected deficit. If you aren't absolutely convinced that 2010 will be a complete economic train wreck, who do you think is going to be financing this debt? + +This strikes me as pretty worrisome. +VGRO and go - or would you add another ETF into the mix? +I've been doing a lot of research lately on CCP/Bogleheads and the simplicity is what I am after. + +XEQT looks good, but I'm thinking I will go VGRO instead. +I've seen some utilize: VCN, XAW and ZAG. + +VT/BNDW looks great, but since being Canadian, I think using Gambit and the tax fees aren't worth it. + +Anyone here using a CCP portfolio? If so, do you have any tips? I have 30+ years to invest and grow the portfolio. +I was going after 90% equities, 10% bonds or 80% equities, 20% bonds, as the VGRO ETF is the latter. + +Thanks! + +Edit: Realized I wrote "89% equities, 20% bonds" instead of 80/20 +Is Enbridge a good company to invest in? I guess it all depends on ones timeframe. 10 to 20 years? I think it is a very good investment. Now 50 to 100? I have no idea, but I shall try to make my case. + +First of all let's start with the liquids pipelines, and specifically Line 3 and 5 - the "big boys". These pipelines have been the headline grabbers for years. After a decade or more legal maneuvering, permits are in place and construction has begun for Line 3. This pipeline is very valuable as it transports a huge amount of crude to refineries in the south as well as other uses. Line 5 is the new target with the governor trying to shut it down. This is very unlikely as Line 5 supplies nat gas, petrol and propane essential to the area it serves and the Canadian government has vowed to fight for it. The two and others like it are irreplaceable. Oil will eventually be used less and less, but that future is farther away than most people think. + +With its Spectra acquisition, Enbridge became a big mover of natural gas. This to me is the fuel for the next 20 years. With renewable energy becoming more and more commonplace on any grid, coal being phased out faster then anticipated, nuclear a non starter, and significant hydro expansion a dream (though a good dream), natural gas power plants are the only option to balance out the power supply and create baseload. Enbridge has both major and minor connecting nat gas pipelines crisscrossing North America that will feed the growing demand for both electricity and heating, not to mention the untapped potential of exporting via LNG and even transporting hydrogen as recently commented on by the CEO. + +If you are all familiar with the term "moat" these big pipelines have the highest moat I can think of. You literally cannot build another one as shown by the recent Keystone XL decision. + +Now on to what everyone loves to talk about: renewable energy. Enbridge has significant assets in solar and wind, as well as bio and other interesting assets. It has been selling some assets that it sees as less return potential and expanding specifically in to offshore wind in Europe which has low double digit returns. As time goes on, this segment of the company will expand as the significant cash flows generated by the pipeline assets are funneled in to renewables. This will be its growth path in the future. + +Now, on to my favorite part of the company: the utility. Another side effect of the Spectra acquisition was getting Union gas, a gas utility located adjacent to Enbridges gas utility. Last year these two finally tied the knot, which will create great cost saving and efficiencies. As a person who lives in Ontario and pays Enbridge money every month, this company is a cash cow and a pretty decent one to deal with as well. If you live in Ontario in February and do not want to freeze to death, the merged Enbridge is your cheapest choice. + +Finally I will talk a bit about the company's recent Investor Day meeting. This to me was the best news I could hear. It is going to be putting behind to a great extent any large pipeline project for the foreseeable future, which will greatly decrease political risk. It will instead be diverting cash flows to smaller, less capital intensive projects (think green), to the utility business, and to instituting a share buyback program. + +These initiatives along with implied organic growth should grow cash flow by 5 to 7%, and a possible increase in the multiple attached to Enbridge (say to 10 to 12 x DCF), along with an outsized and growing dividend makes Enbridge one of my favorite stocks going forward. +Do not use Purple Bricks. +Do not not use their preferred lawyers PPL Premier Property Lawyers. +I'm having an awfull experience with my buyer having sold through PB's and him and his buyer both using PPL. It's a shockingly poor set up with mishap after mishap, and awful coms the whole way through. My lawyer equally as frsutrated. I only now checked out reviews on them on Trust Pilot and there are nealry daily appalling reviews. +Do not even except an offer from a buyer selling via Purple Bricks. My selling agent and my purchase agent in agreement to avoid at all costs. + +https://uk.trustpilot.com/review/premierpropertylawyers.com?languages=en&stars=1 +As the title states, she got a new job with a rather large company that has an independence clause requiring us to divest in certain stocks that are on a restricted list. + +I don't really care that much, except for one stock that I have. My deceased father bought that for me when I was a kid(I'm 43 now) and I have had it pretty much my whole life. It's totally silly for me to be attached to a stock, I know, and I'm willing to get rid of it if there are no options because it's just a stock, but I can't help but feel a type of way about it as I lost my father around 16 years ago and don't really have a lot that he left me aside from that stock and a few little things here and there. + +Anyways, I'm mostly financially ignorant so hoping some smarter people here might have some suggestions. If there are no options, then it is what it is. + +Thanks in advance + +&#x200B; + +EDIT: + +To be clear, I'm not going to let this get in the way or affect my wife's job. Just trying to get an understanding of some options. Thank you! + +EDIT 2: + +Wow, thanks for all the responses! I didn't expect this much traffic on this post! Lots of great advice but I can't keep up with it all so just want to say thank you to everyone for taking time to comment and suggest some options. + +EDIT 3: + +Double wow, this one got so hot they locked it! Just another thanks to everyone who has offered their advice, be it good or bad. I appreciate it! + +EDIT 4(last edit): + +OK, looks like they opened this back up, and if you've read this far, here are some of the suggestions I have received and some feedback. + +* Sell it and move on with your life(leading possible outcome right now with the b side of this story being I'm looking at my dream car, a 1969 SS El Camino\[got any leads :)\]) +* Set up a trust +* Gift to friend or family member(My mom offered but she's in her 70s and it is very possible my wife's job may outlast her... sad but true, so probably not going that route) +* Be shady and not tell new company(not going to do that!) +* A lot of people are wondering how this is legal, it's simple. She doesn't have to work there, but if she wants to, she and her immediate family(me) have to abide by some set rules. This is very common evidently for these large firms(it's one of the Big 4). It comes down to conflict of interest. Yes I realize this is slightly asinine since senators and congresspeople are allowed to do this all day every day. Unfortunately I do not wield the power they do and I either play ball or my wife sits on the bench of unemployment. So you know what I'm going to do. + +A lot of redundancy in the comments so I'm going to chill on answering most of the questions moving forward, but want to extend my gratitude one last time to all who have chimed in. This has been an educational experience and I'm thankful to you all! +The other day I got a statement in the mail at my home address from US Bank. I don't have any accounts at US Bank. I have never had any accounts at US Bank. The statement was a standard looking monthly statement for a US Bank checking account in my name. There were no transactions. It showed a balance of $0.00. + +I thought this might be a prelude to some type of fraud, perhaps transferring money from my real bank account. I tried to login to this US Bank account on their website. I went through the process to register a username for "my" account and they said they would text me a code to my number ending in XXXX (last four digits of a phone number I've never had). So, I couldn't do that. + +I called US Bank and told the customer service rep what was going on. She immediately forwarded me to the fraud department. + +The fraud guy looked up "my" account and told me that it was opened by their "back office" about three weeks ago. He seemed unconcerned. He said to wait a week and see if I get something in the mail explaining it. If not, call back and they can close it. + +Did this ever happen to anyone? I'm wondering what is going on. +Every position, short, long, put, call or what ever else there may be should be public data. We should all be able to see exactly who holds what. + +I will die on this hill, and I expect I will die asides a fellow ape or two. + +One could argue that positions should be devoid of personal information, but we should at least have easy access to all this information. It should not be hidden behind a paywall like a Bloomberg terminal that costs more a year than a full time worker at minimum wage makes. It should be free. + +We dont want a free™ market, we want a free market. + +If your positions are bad if people know about them, maybe you should rethink your way of conducting business. +First off, this isn’t another “I put in 10$ in bitcoin in 2010 and bought a house today” thread. + +Crypto has changed my life in a completely different way…it has made me hungry for knowledge. Cyber, networking, blockchain knowledge. + +I use to find myself sitting at my computer desk reading random articles from random websites about every single random blockchain that caught my attention. I would invest in a project.... make a little money, then switch to another project... lose a little money. + +I’m not going to lie…I don’t have what it takes to be a day trader…lesson learned. + +However, I kept finding myself hungry for more knowledge. I wanted to know everything about everything. + +Finally, one day I was staring at my computer….basically broke and feeling slightly depressed due to a downturn in the market….and decided to do something about it. My old ass went back to school. + +Now I’m proud to say, 4 years later, I have recently finished my Bachelors in Cyber Security, Comptia Sec+ and A+ certs and I even finished up my Associates from when I was 18 and dropped out my final semester. Dumb…I know. But I personally know I would have never decided to take this path without crypto influencing me. + +Next time you find yourself staring at coinmarketcap and the price of your coins, try to find what aspects of these coins excite you (other than the lambos) THEN GO LEARN. See if this is your passion. You don’t even have to go to college. You can find hundreds of learning resources online. Go better yourself and help this community grow. + +If crypto somehow implodes tomorrow, will you have anything to show for all the time you have spent staring at your computer/phone screen? Or will it all be screenshots, memories, and what could have beens? + +Tomorrow I will be trading real money as soon as the markets open Im so excited! I've been practicing and studying for over 2 months now and think its time to make the transition. I've found a good strategy that works for me and its been working so far. + +Any advice or help is very welcome :) +See you guys on the market tomorrow +Using my monthly pay check ,I Just went all in on GOLD on Friday. Was waiting for gold to get down to this level. Recently been hearing about the inflation news, 10 yr yield, recovery of precious metals like gold, silver and other commodities. Do you think it was logical? Or is this also a bull trap and a great setup for blowing up my account ? + +https://preview.redd.it/rfe77zgmufl61.png?width=1518&format=png&auto=webp&s=d5ea4b5bddaf67483d5b146d2a17568ec2f29720 +link to og post : [https://www.reddit.com/r/Forex/comments/dlilhq/ive\_been\_doing\_this\_for\_just\_about\_half\_a\_year/](https://www.reddit.com/r/Forex/comments/dlilhq/ive_been_doing_this_for_just_about_half_a_year/) + +&#x200B; + +Hey guys, so I am not really into reddit that much just been a browser but I decided i finally started doing somewhat okay in Forex + +so i posted a one day profit/loss and it was titled: "I’ve been doing this for just about half a year and I’m finally seeing consistent results. This is just the beginning" + +and then i got banned for 3 days and roasted by clearly the top fx traders in the world. Now realizing I shouldve showed everyone here the past 2 months of trading to show how the growth was + +consistent. + +Let me get a couple things cleared up real quick. + +&#x200B; + +&#x200B; + +&#x200B; + +Quick back story I got introduced to forex about 6 months ago and have been studying a couple courses also I have an IRL friend who has + +excelled in trading and we are working on startin our own service. Then on july 22nd (3 months as of writing this but im banned :P) I decided to open my account with a balance i could + +easily afford to lose and if its gone my life wouldnt be affected. Im going to give you guys some clarity since most of you guys are all so + +fucking anal. July 22nd I have deposited 650 USD and I have already seen a consistent growth and sitting today it is just under 1490 USD + +Now the joke about this sub is that if i stated I made 840 in exactly 3 months, every single person would say just like the previous post + +"OMG THIS GUY THINKS BECAUSE HE MAKES 50 HE WILL BE A MILLIONAIRE IN A YEAR GOODLUCK LOLOLOLOL" Wow I know you have to be 18 to start trading + +I didnt think that many people that age in this skillset were that immature. How about you guys understand that i look for percentage of return + +instead of a dollar amount because honestly in 3 months I have made overt 200% of my inital balance back. I am not saying I am a pro or even + +good trader yet ive been doing this for 6 fucking months get off my ass LOL im learning and i have goals. If i dont make my 8% thats okay + +its just a goal and something to look forward to. I have my own way of trading and as do all of you. + +&#x200B; + +&#x200B; + + I stated my goal was to make 8% of my account balance a week. thats less than 2% a day on a 5 day week be realistically here + +if you use the same r/R ratios thats not difficult. Its the same fucking moves regardless of lot sizes and im risking the same percentage. + +&#x200B; + +Sorry this message is all over the place, I am on vacation but I am leaving with this. I will return mid november to continue to show you consistent growth of my konowledge of forex + +I know some of you might get mad that my trades are not identical to yours or I might be catching less pips at a higher lot size (im sorry guys you have troubles with scalping I wish you the best) + +&#x200B; + +&#x200B; + +&#x200B; + +Another point I thought to add to this is that people think I was trying to show off and saying I am some professional let me clarify + +I had a good 2-3 weeks where i had 26/30 winning trades and the 4 losses each were under 3% of my balance. This pushing me to trade more + +and I ended up taking a thick loss of I think 9%. I realize my position in this and I have so much more to go but wow this sub is crazy hilarious. + +&#x200B; + +One more point I forgot to add, when I have reached full consistently to my like I am planning to add alot more funds to my account but again + +I do not see that for another 4-8 months. I have worked a lot in real life and have been good with finances and saving and can afford to + +add more capital I am just waiting for the right time. Thank you to everyone who is laughing and motivating me :) +&#x200B; + +https://preview.redd.it/ydvjkjk26pw91.jpg?width=640&format=pjpg&auto=webp&s=64221b3c82638804a202c1907ca832a1003f9f2b + + +I think the statistic above works out that: 0.7% of traders make it to their first profit split. + +To put this in perspective the chance of dying by gunfire in the US is 0.5%. + +You are equally likely to have your life ended by being shot, as you are to be a funded trader to ever get your money back for your challenge + profit split. + +Now we can look at this and say "yeah most people are bad at trading".. but I don't think that many people are doing these challenges randomly. I'm going to wager that most people that do a challenge atleast try to practice on a demo and go in with some level of preparation. + +&#x200B; + +The biggest drop is between passing phase 2, and reachig the profit split. 97% of people that reach phase 2, don't get to their first profit split. + +People who have gotten to phase 2, and then blown out (or not blown out)... why did fail? +Good Morning All, trust we are all feeling fine and dandy this morning. + +Following on from my "Controversial Algo Thread" ... This attracted a lot of attention, some of it unwanted, that said some of you were more open minded and I applaud that. Whilst this attracted a lot of negative attention the mods decided to Ban me from [r/Forex](https://www.reddit.com/r/Forex). I appealed my ban and it was rescinded with the caveat that the mods did not want to regret this. So alas this is an apology foremost and an explanation of a few things second. I was banned under the guise of "Self\-Promotion" ... People could not work out my motivation for sharing this, I figure that if people are getting this upset about it \(As seen on the other thread\) then I must be doing something right. I love reddit, I spend a lot of my time here contributing on various levels and subjects and using it as intended, I have also gleaned A LOT of information from it.... My plants are doing very well!! But I digress... + +***My motivation was simple, Helping others. I am in a very fortunate position where I can do this and I will continue to do so.*** I am not worried about the same things some of you are in the sense that the algo will become useless, seriously if it got that popular then I am sure that someone would contact me and give me either a cease and desist letter or a job offer in the relevant field. What I do not is not up for discussion but it is far removed from this as a job. Some of you thought I worked for a broker, Specifically IG Index in this case. I can assure you this is NOT the case. I am using IG Index purely for the reason that they have been my broker of choice for years and they will continue to be as I deem prudent and necessary. That said I will be writing an Oanda version of my program in my own spare time. Pesky ESMA regulations are will hinder my program but will not stop it working. + +The algo itself was designed to stand the test of time and I am really hoping it will. + +Some of you asked for a general overview of the algo and how it works, I WILL NOT be releasing this. It exists. However, there are several personal reasons I will not be sharing this. If you want to learn what it does ask a programmer to help you. I have already seen this algo ripped off twice and claimed as their own. Also, if I did that it would be trivial for people to rip this off and gain commercially from this, I want to do that so I am not doing that. This is intended for PERSONAL USE ONLY. + +**PLEASE PLEASE if you are new to Forex DO NOT RUN THIS WITHOUT UNDERSTANDING WHAT YOU ARE DOING, I cannot stress enough run this in DEMO account only. It does not cost you any money despite people claiming on here to the contrary. There is no referral links, I am not harvesting data. I am nothing If not responsible that said it is design is that it can be set and forgotten about and it will work fully autonomously.** + +* A number of you have changed this to work with CFD’s instead of spread betting, this works. Please find and contact those users for it. I will NOT be providing any support for this app anymore, mostly down to the sheer negativity I got from some individuals that shall remain nameless. + +**That said, I WILL NOT be releasing anymore code. So sorry to those who are keen and interested in this, But you have the general ethos of the internet and the hive mind that is reddit to thank for that. Not trying to be harsh or a dick or anything that is just personal choice. I have started a Private Beta for those who have expressed interest and those who have I PM'd. I will be making various improvements but not limited to the following.** + +* **Use thilslopes instead of linregress.** + +*The Theil–Sen estimator is more robust than the least\-squares estimator because it is much less sensitive to outliers. This estimator can be computed efficiently, and is insensitive to outliers. It can be significantly more accurate than non\-robust simple linear regression for skewed and heteroskedastic data, and competes well against non\-robust least squares even for normally distributed data in terms of statistical power.\[8\] It has been called "the most popular nonparametric technique for estimating a linear trend"* + +* **Used sum / len for ATR function rather than max** +* **Added a Disclaimer** +* **Change spread from 1 to 1.5 to catch some minor pairs through the trading day, Pairs such as the GBP/AUD for example, But not limited to.** + +Whilst I can personally guarantee that this algo has made me an insane amount of profit, whether this is to be sustained or not is the case. However, at the moment I am riding the markets on free money. I have had various wonderful things out of this and at the end of the day are we all not here for one reason... Profit!! + +/end +I'm at a bit of a loss regarding which way to go to find the best deal flow to invest in alternative investments. I'm particularly interested in hedge funds, VC, and PE funds. + +I've heard people suggest RIAs on the one hand or megabanks (like Morgan Stanley) on the other. I'm only interested in the access to deals that I might otherwise not be able to get. I don't want other services at the moment. + +* What would be the best route for me, given what I'm looking for? I'd love to get specific suggestions on who to contact. +* What should I be expecting to pay, fee-wise? What kind of account minimums would I need to start getting deals from a Morgan Stanley, etc.? Would I just need to put money into a brokerage type account with them or do they have to actively manage something? + +Thanks very much. I'm aware that most of this sub would advise against making such investments but I'd still like to explore it. +If you head over to r/FIRE or r/financialindependence you will get stoned to death if you drive anything other than a 1999 Toyota Corolla that you bought from your uncle 10 years ago for $2000. + +So I wanted to ask you guys, how much do you normally spend on cars vs. your take home pay? What kind of car do you drive? Is it worth saving 20K on a cheaper car in the grand scheme of things? +Hey guys, + +I am very curious as to how people pull this off. I live in CA where housing can be a bit on the high side. I am currently looking for homes in the $400-$500k range which is doable for me since I have been diligently saving and have enough for a down payment plus more as an added cushion. I have no debt and always been somewhat responsible with my money making sure to max out IRA / invest in other index funds. My salary is above average as well so that helps a lot. + +I am trying to budget out the monthly expenses of owning a home and that is where my question comes into play. How do people who make the average of about $50-$60k still own homes and provide finacially for themselves and families in the future? Is there something I am missing or are these people just living check to check not really worrying about their future financial independence. + +***** EDIT*** + +Thanks a lot for the insight guys. I guess the key for many people living in CA in a home, that is $500-$600 which is typical on where I live, is having dual income of more then $100K combined and even with that does not leave a lot of room for savings/investing let alone doing other activities like vacations and what not without going pay check to paycheck or even worse into debt. + + + +tl;dr - **Don't trust strangers on the Internet to write correct code. AH! I should have been more suspicious when the results didn't come out exactly the way I expected. The upper bound on David's parameter is probably less than 5%, not 15%!** Making new plots now. Sorry about that! + +MAJOR EDITS: There was a bug in how I coded up David's strategy, and it made his results much better than they should have been. I discovered it while implementing /u/Bigholebigshovel's suggestion of a modified DCA, where you DCA unless there is a dip, in which case you dump everything in. + +I don't know the proper etiquette when a post needs to be changed so much, but has already been up for several hours, with lots of comments. I'm reluctant to delete it, but if the mods want to remove it, I'd be TOTALLY fine with that. If this was a paper I had submitted, I would retract it. But I don't want to retract the discussion in the comments. + +Anyway, here's a (probably) correct version of the original post: + +~~tl;dr - In a mild surprise to me, waiting to invest new cash when the market is at an all-time high is a perfectly fine strategy.~~ + +tl;dr2 - h/t /u/HealthCare2FIRE_Blog "Between dumping and DCA, go with what helps you sleep at night." + +It's a new year on Wednesday, and I bet most of us will be putting $6k into IRAs and investing Thursday morning. Over on r/investing /u/SuperCaptainMan asked the [question](https://old.reddit.com/r/investing/comments/egl0a4/given_the_current_rally_will_you_be_contributing/) that is probably on many people's minds: Is it really safe to invest right now given the huge rally in 2019? + +As the top comment over there indicates, investing every year on Jan1 (and in general, investing as soon as you have money to invest, regardless of market conditions) is a great strategy. I'm a Schwab fanboy, so I'll link [Schwab's assessment](https://www.schwab.com/resource-center/insights/content/does-market-timing-work) of 5 investment strategies. Obviously Peter Perfect (who always invests at the low point of the year) comes out ahead, but Ashley Action (who invests immediately) almost always comes in second place. Dollar-cost-averaging, like Matthew Monthly, is not much worse than Ashley, and is forced on many of us who get our salary gradually throughout the year instead of all on Jan 1. + +Schwab's last two "strategies" of Rosie Rotten always investing at the yearly high point and Larry Linger only holding cash don't seem realistic. That is, they are an extreme version of being nervous about Jan1 during a rally, and imo too far to the extreme to be relevant. So I made up a new character for our story, David Dip, who waits for an X% dip off the all-time monthly S&P500 high before investing. If you are comfortable looking at graphs without explanation, [here they are](https://imgur.com/a/V4PzFpQ). + +I coded up David's strategy (and the other 5) in Matlab to see how they compare. ~~I'll post code in the comments.~~ I got the data from [ERN's SWR spreadsheet](https://earlyretirementnow.com/2018/08/29/google-sheet-updates-swr-series-part-28/). I didn't do any extra vetting of the dataset, and apparently it's slightly different than what Schwab used, so take this for what it is--casual data visualization by a random stranger on the Internet. + +David's strategy is unlike the other 5, because it takes a parameter. How big of a dip does there need to be to invest? I ran every integer percentage value from 0% (which should and does match Ashley exactly) to ~~20%~~ 15% (which is obviously too much, as you'll see). I expected to show that David's strategy is just like Ashley's when the parameter is low, and worse than Ashley's when the parameter is high. ~~What I saw is slightly different than that, but only slightly.~~ Edit: In the buggy code, it looked like the parameter could be as high as 15% and David was still doing fine, even slightly better than Ashley. In the corrected code, I see exactly what I expected. For values <5%, David is just like Ashley. But for values >5%, David is worse, and by 10% or 15%, MUCH worse. + +EDIT: In the comments, /u/Bigholebigshovel suggested that I not use Ashley as the baseline, but instead use Matthew Monthly (DCA). So I implemented a "Shovel" strategy that does DCA while waiting for a dip. So this looks like David, but Shovel will never hold cash more than 12 months. This turns out to be a very good strategy, assuming I haven't bungled things again. + +First, let's replicate Schwab's results to make sure my code is mostly correct: + +https://imgur.com/DYQb8wi + +Pretty close. My numbers are consistently higher than Schwab's, and I don't know why. Perhaps ERN is reinvesting dividends and Schwab isn't, or something like that. The trend is spot on, so I'm not going to worry about that. + +Next, I ran David's and Shovel's strategies over 78 periods of 20 years each. I computed the mean and median normalized return, where ~~Ashley's return (or David with parameter 0%) is set to 1.~~ Matthew's return (or Shovel's with parameter 100%) is set to 1. On average, Ashley does 2% better than Matthew, so you can imagine a horizontal line at 1.02 representing Ashley. David's line starts exactly at Ashley's value. ~~The result shows that David outperforms Ashley by an average of ~1% when the parameter is set perfectly.~~ The result is that while Shovel is fine at any parameter, David is only OK as long as his parameter is very small, <5%. + +~~[Not going to link to the old, wrong images, though they are still in the album]~~ + +https://imgur.com/QtLdI6S + +~~Remember, that's 1% over 20 years, meaning a few basis points per year. But actually, I think this result is very encouraging! If psychologically you can't bring yourself to invest during a rally, don't! Just make sure that as soon as there is a dip of 5-10%, you invest. If you only wait for headline-making dips of 15% or more, your returns will suffer.~~ + +I think the right way to interpret this is that if you can't stomach the thought of lump-sum investing on Jan1 when the market is at an all-time high, do DCA instead while you wait for a small dip. Also, David and Shovel *never* sell stocks once they buy in (and neither did Peter, Ashley, or anyone else). In other words, this strategy only applies to new money. + +What market conditions cause David's strategy to be especially bad? Well, a very long rally with no dips, obviously. Here's one example: + +~~[Not going to link to the old wrong images]~~ + +https://imgur.com/9bmuM0j + +~~[I removed a lot of irrelevant commentary here]~~ + +How about the market conditions where Shovel doesn't do well? Well, to be honest, it looks like random noise to me, and I don't see any trends or patterns that predict when Shovel won't work well. This is a good thing, by the way. + +That's all I've got. I made a couple plots of the PDF of David's return, so maybe I'll tidy those up, label them, and add them to the imgur album. I thought this was an interesting and mildly surprising result, so I wanted to share. + +Happy (almost) New Year! + +ETA3: Code is in github. I'm not a github expert, so tell me if you can't see this: https://github.com/plexluthor81/pf_play/blob/master/strategies_for_30yr_investing.m +I’ve been following this page for a while and come to realise there is very little talk of gilts. I’m aware of the benefits and been looking into them, however finding the return isn’t sufficient. Especially with current level of inflation at ~2.1% (personally it’s higher gauging from the price of beer in London pubs this summer). + +So I was wondering wether the use of a world Tracker ETF is comparably as safe as a bond ETF, given that bond ETF will fall in value as inflation rises. + +Does anyone else agree with this principle? +And/or, if not a world ETF, what would you recommend as a safe stable fund + +Thanks +I want to invest in several growth sectors such as AI, clean energy etc. My goal is to make long term gains, nothing overnight. However the more research I do the less I feel I know and then I just feel dejected. There seem to be an endless list of potentially profitable companies to invest in and to avoid but then I read a new article that almost contradicts what I've previously read. I'd rather not settle for ETF's either as I would like to take more of an aggressive approach to investing which is probably ill-advised. How do you deal with this saturation of information and make your choices? +https://www.velocys.com/2021/01/18/project-altalto-update/ + +Understandably, this bombshell caused a significant dip, I bought 1000 more shares at 7.78p to balance my average price, previously bought 2000 share around 10p. + +Does anyone have any notion where this will go, it is hard for me to understand whether this will put a definite stop on the Altalto project or whether they'll manage to find the money from somewhere else? +I'm 18, earning a decent salary, living at home & putting my money away into a Marcus (1.1%) account as well as building a portfolio of funds (& a few stocks) using Hargreaves & Landsdowne, which charges 0.45% to hold funds in my S&S ISA. + +I mainly invest in index funds, and only chose H&L because they were highly reccomended, provide decent research (which I've found out you don't need an account for...) and have a massive range of assets on offer (noticeably they don't offer Vanguard funds). + +Given that for most index funds, I'm raking out more money in fees to the brokerage than I do to the fund managers, I feel it probably isn't worth it. H&L don't offer anything particularly unique or useful other than a good app. + +**QUESTION:** Has anyone found themselves in a similar situation? How easy was it to switch brokerages & take your ISA with you (I've already opened one Stocks & Shares ISA this year)? Is it worth the hassle/cost? And most importantly, can you reccomend any alternative, less pricey fund platforms to invest with? + +I'm going to uni, and so likely won't be investing much more than £7,000. My timeframe is 10+ years. + +Thanks very much to all! Getting this stuff right is obv very important, and so I greatly appreciate all your suggestions and comments. + +EDIT: they do carry vanguard funds. In the past they displayed them but didn't let me buy. Thanks for info +Hi am looking to start a stocks and shares isa and was hoping that there would be a commission and fx free option since Hargreaves landsdown is ripping me off royally in with their traditional, assume made up, commissions and fx charges. + +Trading212 ISA seems perfect. Any thoughts or other options I should consider? Is there a sipp like this? Are buy sell spreads worse on 212? + +Any help appreciated. +Title says it all. Decided the Lloyds Share Dealing ISA looks pretty good for me. Only £40 annual fee, £1.50 fee for fund trades and £11 for share dealings (including international shares). There is no percentage rate so would work well with my growing portfolio, much better than Hargreaves Lansdown after all who I was originally considering. Do annual fees and trade fees, etc, need to come out of the ISA allowance with Lloyds? I say this as charges for platforms such as Hargreaves Lansdown can be paid and funded using a separate "funds" account I believe. Any help from Lloyds users would be good. Keen to hear your experiences of the service too. +I have $30k to top off my TFSA. Going to put it all into XEQT. Typically I follow the rule “Time In The Market > Timing The Market” but this is the largest lump sum contribution I’ve made. + +Considering today’s market, would you personally make a lump sum contribution or would you contribute a specific amount over a specific amount of time? + +Edit: Thanks for all the responses! For additional context, the plan is to hold till retirement (20-30 years from now). Also using Questrade, so no purchase fees if I DCA. +So I made the mistake of telling my friend group about me buying some crypto. Big mistake. I have one specifically that screenshots bloomberg articles talking about btc will end humanity and how iran is banning it and telling me im an idiot every other day for buying it. At this point I havent spoken to him for weeks - and he still keeps it up. Literally every other day its some article screenshot with a thinly veiled insult. + +For real wtf is going on here? Are us bitcoiners so out of touch we inspire this hatred? I dont get it. +If I want to begin buying ETFs on Vanguard will I need a brokerage account with a minimum of $3,000? + +I want to start making bi-weekly purchases. Is the process; add $3000 to the brokerage account and then purchase ETF shares from the account? I'm looking to only purchase one specific ETF currently. Is there a way to purchase and hold through Vanguard without the brokerage account? + +Thanks for the help. +Newbie interested in investing longterm in ETFs. I want to stay small with my investments at first, but definitely want to invest now while the market is “on sale.” Any recommendations? +Share and review ETF portfolios. Core and explore? Slow and steady wins the race? YOLO? The world is ending - short it all? Discuss all things asset allocation, portfolio composition, risk tolerance, timeframe, reasoning, and provide feedback to other ETF investors. Keep it informative! +*Goal is to construct a simple portfolio of 4 ETFs with lowest cost and highest diversity for long term BUY & HOLD. Investment goal is $1,000,000 within* ***28 years*** *for retirement.* + +***EDIT/UPDATE:*** *I have received feedback that my 19.6% return annual on last 5 years returns was cherry picking, therefore I used the historical (1926-2018) stocks return rate of 11%.* + +*Using the link I provided below, Start with $500, invest $500 per money for* ***28 years*** *and with the* ***historical average return rate of 11% annually, (1926-2018)*** *end up with $1,015,627 with total contributions at $168,000* + +[https://www.calculator.net/investment-calculator.html?ctype=endamount&ctargetamountv=1000000&cstartingprinciplev=500&cyearsv=20&cinterestratev=19.6&ccontributeamountv=500&ciadditionat1=monthly&printit=0&x=61&y=19](https://www.calculator.net/investment-calculator.html?ctype=endamount&ctargetamountv=1000000&cstartingprinciplev=500&cyearsv=20&cinterestratev=19.6&ccontributeamountv=500&ciadditionat1=monthly&printit=0&x=61&y=19) + +***Simple 4 ETF portfolio using the investment platforms of Vanguard.*** + +**Vanguard 4 ETFs:** *70% VONG, 10% VTWO, 10% VEU and 10% VWO* + +* **70% VONG,** Russell 1000 Large Cap growth, **457 holdings**, expense ratio=0.08%, 22.1% returns average 5 years. +* **10% VTWO,** Russell 2000 small caps blend, **2,073 holdings**, expense ratio = 0.10%, 16.5% returns average 5 years. +* **10% VEU,** Vanguard all world stocks EX-US, **3,165 holdings**, expense ratio = 0.08%, 10.6% returns average 5 years. +* **10% VWO,** Vanguard Emerging Markets, **4,025 holdings,** expense ratio = 0.10%, 13.9% returns average 5 years. + +*You could go with a single Vanguard ETF,* ***VT, Total World Stock index,*** *1400 holdings, expense ratio = 0.08% and 13.8% average returns 5 years.* + +*The VONG, Russell 1000 Large cap growth ETF, boost returns with VONG 22.1% average over 5 years. The VTWO, Russell 2000 small cap ensures coverage of entire US stocks. There is zero overlap of stocks between VONG and VTWO.* + +**Vanguard ETF, VEU,** **All World ex-US EFT**, 3,165 holdings to cover the developed countries of the world, Europe, Canada, Australia, Japan, South Korea, etc. + +**Vanguard ETF, VWO, Emerging Markets ETF,** *4,025 h*oldings to cover the emerging markets of the world, China, Taiwan, India, Brazil, South Africa, etc. + +There is 26% overlap between VEU, develop countries and VWO, emerging countries,. Japan, UK & Europe growth & stock returns is lagging behind China, Hong Kong, Taiwan & Brazil. + + ***EDIT ( from feedback):*** *Vanguard recently moved VWO emerging markets index from MSCI emerging markets to FTSE emerging markets index in which the FTSE emerging index doesn't contain South Korea.* + +***Summary, 4 Vanguard ETFs***, 80% VONG, 10% each of VTWO, VEU and VWO. Over 2,500 US stocks without overlap and 5,320 World EX-US stocks for ***total of over 8,000 stocks with expense ratios of 0.08% or 0.10%.*** **Average 5 years return with mix of 4 ETFS is 19.6%.** + +***With 19.6% average return and same $1000 per month for 20 years the total return is $2,750,229.*** + +**Math of 5 year average return rate:** + +* *\[ ( 70% VONG +10% VTWO +10%VEU +10% VWO) \] /100%* +* *\[ (0.7)(.221) +(0.1)(.165) +(0.1)(.106)+ (0.1)(.139) \] /1.00 =* ***19.6% annual return rate*** + +***The iShares 4 ETF mix of IWF, IWM, IXUS and IEMG, mirrors the Vanguard ETF mix.*** + +* iShares *5 year returns, IWF= 22.0%, IWM= 16.5%, IXUS = 10.5%, IEMG = 14.2%* +* iShares expense ratios, *IWF= 0.19%, IWM= 0.19%, IXUS = 0.09%, IEMG = 0.11%* + +*Conclusion: there is not any real difference between Vanguard ETFs and iShares ETFs on returns and expense fees. Both Vanguard & iShares ETF funds are similar. You can come up with same ETF mix using Vanguard, iShares, Invesco, Fidelity, Schwab and other brokerages EFTs line-ups.* + +***Final summary: Buy mix of 4 Vanguard ETFs of VONG, VTWO, VEU and VWO and you only need to start with $500 and add $500 a month to reach 1 million dollars in 28 years***. The iShares ETF mix of IWF, IWM, IXUS & IEMG does the same. Invesco, Fidelity, Schwab and other brokerages can create same EFT line-ups. + +**Edit:** Still debate whether Large Cap growth fund, VONG, has better returns over long term of 15-30 years compared to Large blend S&P 500 Fund, VOO. + +The large cap blend fund typical has more defensive stocks sectors such as consumer staples, electric utilities and energy stocks which should do better during downside (recession) than large cap growth stocks. Looking at ETF chart of IWF back to inception date of 5/22/20. The large cap growth VONG just recently (last 5 years) out performed the S&P 500, VOO. + +&#x200B; +Share and review ETF portfolios. Core and explore? Slow and steady wins the race? YOLO? The world is ending - short it all? Discuss all things asset allocation, portfolio composition, risk tolerance, timeframe, reasoning, and provide feedback to other ETF investors. Keep it informative! +Should I close a position or trim from each of them? I feel like I could close ARKK since it's just the top stocks from the other etfs? + +The only two I'm dead set on holding are ARKF and ARKG, but ARKQ seems a pretty decent performer--all things considered. + +So, what do you guys think? Trim or close and, if close, which ones would you close? + +**EDIT: Appreciate the help! In case anyone else is in a similar situation, what I'm doing on Monday is closing ARKK and ARKW positions (way too much TSLA as others have stated. I'm keeping G (I feel most strongly and least knowledgeable about that area), Q (I closed my google position and still want that exposure), and F (I feel quite strongly about this one and have no other forms of decent exposure to paypal, square, etc.).** + +**tl:dr: selling K and W; keeping Q, F, and G.** + +**UPDATE: I closed K, W, and Q positions before the plummet today. Some loss, but worth it to drop those bags.** +Recently got educated on this sub reddit. I had my whole portfolio in QQQ because it was giving great returns. (48% for the year) however I understand now that sooner or later, I could lose a good chunk of it if it ever crashed, and these returns are not expected for a long term investor. My goal is to get to 1 million, and that goal looked very achievable with these returns. Now I realize these returns would soon be losing money in the long term. + +&#x200B; + +So I was suggested to read John Bogles book "the Little Book of Common Sense Investing". Which enlightened me to not try to beat the market as in the long run you always lose. So I am running away with my profits and now allocated my portfolio to be 95% VTI and 5%ARKW. As John states to use only 5% of my portfolio for "fun". I know some of yall are gonna tell me in the comments I should also be in the global market such as VXUS, but I feel since im 24 I dont want to diminish my returns and I feel confident that the US will continue to outperform the global market in the next 40 years, and even if it doesnt, I know that It will bounce back up in no time. Plus VTI does have some global market exposure with it already. + +&#x200B; + +TLDR: Do you think 95% VTI and 5%ARKW is a good portfolio for years to come? +Hello everyone, I’m going to be as quick and to the point as possible. + +I’m setting up my Roth IRA and I’m deciding how I want to approach things. + +Since I’m so young I’m looking to do 100% stocks as of right now. + +I’m leaning towards 70% VTI and 30% VXUS. +However I’m also thinking about 70% VOO instead of VTI. + +Also what are your thoughts on just 100% VT? +As of right now I believe VT is made up of 56/43 of VTI/ VXUS. (Hope this makes sense) + +Only reason I’m not too crazy about VT is because about 43% is made up of international stocks and I want to stay around the 30% range. However the past performance of the US vs International market doesn’t predict the future. + +I’d love to here your insight and I hope I explained everything as best as I could. + +Thanks in advance for your opinions. +50% VTI, +30% VXUS, +10% BND, +10% SCHD + + +30yrs old, married, no kids yet. investing around $3-4k monthly for the long-term. + +Anything I should add/remove/edit-percentage-of to maximize long-term returns? +I expect to earn around $1M this year at work. I don't have another business or rental properties. Married, and we deduct whatever we can (usually not much at all beyond standard deduction). + +I wonder if I'm missing something basic. I also think my accountant may not feel comfortable telling me tax-minimization strategies (he sort of said that there is nothing I can do). Thought I'd see if folks here have worked out legal and low-risk strategies to minimize taxes? + +Edit: additional clarification. My income is W2 and K1. +I have no real point here, other than maybe acknowledging a problem. Call it AA (Angel investors Anonymous) + +I think I have an angel investing problem. It’s relatively small, 2-4 annually. Average investment size: 50k. I only invest in teams of friends of friends. So far, 5 have failed, 7 are still operating at moderate levels of success, and 3 have taken series C at 20-100x angel round valuation. + +I realize that I should likely quit while I’m ahead, but I’m likely to continue doing this because hearing the startup journeys is super exciting to follow along! + +Who knows, maybe my friends of friends are better than the average startup founder? Maybe they’re the blackjack card counters and poker prodigies of the startup world. That said, I probably wouldn’t justify investing 100-200K annually in my friends of friends who happened to be professional poker players. + +What’s your angel investing habit and how do you rationalize? +Has anyone ever reported a real estate agent for under quoting, if so who do you report them to and how? + +I have caught out a realestate that is clearly and purposely underquoting and I want to report these scum bags. +I have a feeling I’m not alone in this situation. Last week I finally decided “fuck robinhood eat my ass vlad” and started an account transfer to fidelity on Wednesday. Fidelity has processed it but jabroni Robinhood says it might take 5-7 days for it to process and clear. Let’s say GME squeezes this week, theoretically of course, will I be stuck dick in hand unable to do anything? Of course I can always buy more at $500 on fidelity because I like the stock and know $500 is merely the bottom of stratosphere on the rocket ride to the moon but I’m definitely curious if my $147 avg cost shares will be untouchable. +Thanks retards. + +1k upvotes on this autistic ass question? Just goes to show how much each individual here hates you vlad, I hope you see this. +I see common wisdom says to close a position when you hit X% of gains. But where do you roll to? If you want to be in the 21-35 dte space, for instance, and you hit 50% gains in 2 weeks, then you're forced to roll to a 40+ dte option, and that's not what you want. + +Additionally, this kind of rolling would necessarily result in a set amount of PnL, so there's no point rolling. Might as well hold to the end and then re-open because a near term option has more decay. + +The other option would be roll to a different strike, and that's possible, but at that point, it seems like a different trade altogether. + +So after you close or roll, where to next? +So, from everything I’m seeing, I need to master the understanding of options, before I start trading them, right? + +It seems every questions answer is somewhere along the lines of, “if you don’t know, you shouldn’t be trading them”. + +So, at what point would that be and what questions are then ok to ask? +I need to code an algo and I want it to be faster as possible. +Basically I need to receive trades data from the Exchange, calculate a bunch of indicators and forward trades. +Is it worth it to learn C or I can just stick with Python? + +Any suggestion is welcomed. I don’t really know much about C, so “Please, speak as you might to a young child, or a golden retriever” +Hi, I am 28 years old, in graduate school and making ~15k/yr. I'm married, but my wife doesn't have an income. I just inherited ~275k and don't really know what to do with it. I've been reading and trying to get a better idea about how to invest it, but have a lot to learn. + +More or less what I am thinking now is we should put aside 6 months expenses and invest the rest of it. I had been looking into vanguard, but am open to whatever is the best option(s). Another question about vanguard is, are you able to set up monthly withdrawals on the interest? Our budget is pretty tight so if that was possible a little bit of additional income would make a huge difference. This would only be while I'm finishing grad school, but I'm not sure if this is a bad idea due to taxes or other reasons. I'm not entirely sure how a Roth IRA works or if I am even able to contribute to one due to the nature of my employment, I don't have a 401k or anything like that through my employment either. + +The only debt we have is student loans (between the two of us about $40k) and a car with less than $2500 left on it. I'm not sure if it would be in our best interest to pay these off and invest the rest or continue just making payments as we are. + +I'm open to any suggestions or advice on how to invest it, what the best way to do that is, etc. I am also looking to set up a meeting with a fiduciary advisor for a one time meeting while I'm setting all this up to make sure I'm doing everything correctly. I havent been able to find one yet, but I only started looking yesterday. +Hey guys, + +I would like to get everyone’s opinion on my fiscal situation, and if i should be trying to save more. + +I’m a 25M, no debt at all, live in a HCOL city and pay $1900 a month in rent. I have $10k saved in emergency fund and then an additional ~$20k invested in the market that I’d prefer not to touch but would dip into if need be. I just accepted a job that pays 80k base with a 25% bonus (current job pays 82k and no bonus). I put $1,000 away each month and put 9% into my 401k (12% with employer match) and that account is at $22k. + +Also my father passed away about 3 years ago and i received a little more than $500k that i have invested with a stock broker. + +Am i living within my means? Should i be trying to save more? I currently try to save as if i never got that inheritance, but I’m a fool to just totally write it off. I would like to get a new car in the next 12 months, as mine has seen it’s better days. I would be able to get about $10-15k for it so i would use it as a down payment on the car i want (jeep grand Cherokee that’s roughly $45k). + +Thanks for any and all insight and advice y’all i appreciate it +My mortgage was just sold. After 10 years with Wells Fargo, I'll now be paying Select Portfolio Servicing or SPS. I never had any real love for Wells Fargo, but I suppose I had some confidence in the brand...and I never had any problems. They were always responsive and my documentation was always clear. A quick search on SPS and...well, the reviews aren't great. I doubt that Wells Fargo is particularly loved either so I take it with a grain of salt. But this change makes me wonder if I should refinance. For context, I'm 10 years into a 30 year fixed at 4.25% and have $130,000 left on the mortgage and my credit score is 764 (took a drop because I got a new credit card). Here are my questions: +1) Is there a mortgage company that I can feel good-ish about? +2) How much do I have to pay to refinance? What are the costs I need to think about? +3) My income has really dropped since I took out this mortgage because I left to start a business. At the moment I only make about $45,000 and it comes from a few different sources, including rental income from this property (I don't live it in anymore). But my income is a bit more complicated than a straight w-2. + + +Can I refinance with my income? Who should I refinance with? +"Analysts have been calling the stock “overvalued” since the day they went public, because they all keep comparing it to other car companies. I wish I had a dollar for every analyst who pointed out how “*every other car company sells ten times as many cars*”. + + I’ve also repeatedly bumped into some lazy analysis that Tesla is expensive because its current P/E is 1,270x or forward P/E is 204x. However, I’ve hardly ever seen a Tesla bear put out a detailed valuation in support of their bearish thesis which makes me wonder if a lot of people are simply dismissing Tesla in arrogance. + +But the thing is, they’re all making the same mistake: + +**Tesla isn’t a car company.** + +They’re an energy and technology and SaaS company that makes cars. + +Once you realize what Tesla really is, you start to see what their place in the market is going to be in the years to come. + +They acquired Grohmann Engineering. They acquired Perbox. They acquired Maxwell Technologies and Hibar Systems. And of course everyone remembers the Solar City acquisition back before dropping Motors from their name. They didn’t acquire these companies because they thought they were cool. They did it so nobody else could. + +* There are 25,000 EV charging stations in the United States. 20,000 of them are owned by Tesla. +* Tesla is currently the #1 li-ion battery manufacturer in America, and #5 in the world. +* Tesla has secured the rights to large supplies of lithium, and has developed their own internal process for extracting lithium deposits inexpensively from other sources. + +These segments of the energy space — battery production and EV charging — are a market sector that’s going to grow 50 fold in the next 15 years as consumer demand for EV’s increases. All of the major auto manufacturers have declared they’re shifting towards electric cars. + +Where are they going to get the batteries? How are their customers going to charge them? + +The answer: Tesla. + +Musk has made it clear from the beginning that their intent is to supply batteries for the entire EV *industry*, not just their own cars, and has also more or less come out and said that he’s open to letting other auto manufacturers access their Supercharger network. That puts them squarely in the energy business as the single most capable distributor. + +There’s also been chatter about licensing their self-driving technology, and using their self-driving technology as a recurring revenue generation, which would be a very attractive value-add for the other OEM’s. And all of these things don’t even begin to cover the expected growth in residential energy with products like rooftop solar, Powerwall, etc." + +&#x200B; + +**People making the claim that Tesla is an overvalued car company are making the same mistake they made saying Amazon is an overvalued retail company. Back in 2010, after it was clear how big AWS and cloud computing was going to become.** +Hello AusFinance, long time lurker first time poster. I (F34) have built a successful career for myself in a creative field, which was my dream job since I was a child. When I say success, I mean that I am working at the top level of my field, and there is no room to grow. I can of course diversify my income streams and get into things like teaching, but that would be quite a different skillset to what I actually do. + + +For all of this, I make between 50k in a bad year to 80k in a good year (pre tax, no super). When I picked this career, I was young and didn’t really understand the financial implications of my choice. Now at 34, I am not sure if I’ve made a bad choice, and whether it is too late to turn things around. + + +I live a very simple life with minimal expenses with my partner (who also works in the same low paying field as me), and am happy for now; I rent an apartment that I can easily afford, I don’t own a car, and don’t really spend big on anything. So while I don’t make much, I’m financially comfortable right now. It has taken a lot of time and effort for me to get here; I was struggling until I was about 29, the last few years I’ve worked so, so hard to save up a bunch, and gotten my career to the place it is at now. + + +With all of that said, I wonder though if what I’m currently doing is sustainable, or realistic going forward. I hung out with some friends over the weekend, and they all have kids and houses and all the "regular" 30-something things. I want kids one day (soon), and I just can’t imagine how I’d be able to achieve that financially. One of my friends was talking about enrolling her kid in private school, and another mentioned buying a larger house. I know comparison is the thief of joy, but I just feel so behind. All of these things like starting a family, buying a house, didn’t matter to me when I chose this career, but I am afraid that despite being comfortable and liking my lifestyle right now, I might struggle in the future with kids in the picture. + + +Since there is no room for direct growth within my current career, I’ve thought about finding a more stable job. But I don’t know what career I could possibly switch to at this point. I have been a freelancer my entire adult life, and I don’t have any other skills, and have never worked in any sort of office or regular job setting, except some retail jobs in uni. If I wanted to increase my earnings, what would I even do? + + +I’m sorry this is a bit ramble-y. But I guess I am asking if anyone else has been in a similar position, and if so, how did things turn out? Do you regret pursuing a dream job with low pay? Also taking suggestions for career options for people who have to start over with no experience in their 30s. +Curious how many of you picked up a few GICs? +My car’s lease is coming to an end July 2024 and I intent to purchase it back. Dumped the saved up money for the purchase into 270days GICs @ 4.25%. Decent, considering the savings account gives me 1% and that there are talks of recession/no-recession. +Curious how many of you picked up a few GICs? +My car’s lease is coming to an end July 2024 and I intent to purchase it back. Dumped the saved up money for the purchase into 270days GICs @ 4.25%. Decent, considering the savings account gives me 1% and that there are talks of recession/no-recession. +When I went to pull out the remaining few dollars I had to get on public transit, I was confused when I was declined while trying to get cash back from a local 7/11. I shrugged it off and tried grabbing something cheaper at which point I was declined again. I apparently was attempting to purchase the cheapest item they had in the store. In a rush as my bus was approaching I decided to resort to my last defense which was to explain my case to the bus driver and hope for that blue moon freebie and was lucky I got a driver in a good mood as he let me on. In total frustration I reviewed my transactions to find out that I was being charged 25 cents every time my card was declined. + +It truly feels like it is becoming harder and harder to be poor. On the bright side I made my bus and am on to another day. + +Edit: For honest clarification, this was on a preloaded debit card from a plasma donation center. I am assuming at this point that it is a policy put in to prevent over draft. I am not sure. +GameStop was getting a lot of backlash for allowing one of it's creators to sell a NFT titled falling man which showed an astronaut falling and was a reference to one of the most iconic photos from 9/11 terrorist attacks. + +&#x200B; + +https://preview.redd.it/az54yfafnkd91.png?width=566&format=png&auto=webp&s=2254501d7f398a9b94d4c8172c599c95bbfed784 + +The company probably received the backlash because of how the marketplace operates. + +> “This one probably fell from the MIR station,” says the NFT’s description, referencing Russia’s decommissioned space station. The artwork’s creator is selling two different versions of “Falling Man,” with the cheapest listed at 0.65 Ethereum or about $990. As *Web3 is Going Great* points out, GameStop operates a curated NFT marketplace. Artists must apply and pass a vetting process before they can list their tokens for sale. The company takes a 2.25 percent cut of sales. + + The Falling Man NFT is no longer listed on GameStop's marketplace. In a [direct message](https://twitter.com/WanderingStrngr/status/1550983977221210116?s=20&t=UNJtJhj55Gh07n8tdyJWzg) to one individual, the company said it was taking action against the creator of the NFT. "This NFT will be removed from our marketplace entirely," the company said. "This user has already had their minting ability removed from their account, and we have already been in direct contact with the creator about these actions." + +&#x200B; + +https://preview.redd.it/av5z1dl4okd91.png?width=384&format=png&auto=webp&s=a6836fc57967d2ddc0a836e322d8032e18e1bb82 +The title pretty much explains it, so here's some context: + +* 2 weeks ago I got a notice from the state of California saying I didn't file in 2017 for my LLC and that I had to file within 30 days of the notice (I haven't received any notices from the IRS though). +* Sent my (ex) tax preparer the notice. She said that's because my returns for 2017 *and* 2018 were not "mailed in." I asked why she hadn't e-filed, and she said that her software didn't allow it. She flaked on a meeting I requested last week and hasn't responded to emails since then. +* I found the invoice for my 2017 preparation that includes e-filing, so that was definitely part of the services she should have provided. +* Before she ghosted, she sent me my returns for 2017 and 2018. My tax liability for 2017 was around 4k and a similar amount for 2018, but I didn't pay because I was in the red those years and assumed I didn't have any taxes, also because she didn't tell me I had any to pay (my mistake). So I assume I'm looking at 7 combined years of late fees. + +I'm pretty anxious and I don't know what to do. I have so many questions, but here are the ones that are most urgent for me: + +1. Should I just mail those two old tax returns with checks to the IRS and wait for a response? +2. Can/should I hold her accountable for not filing? if so, how?Any advice you have is much appreciated! + + +EDIT: update + +Thanks for all of the advice everyone! Since this is blowing up, I can't respond to everyone, so I want to just clear up some stuff: + +* This preparer is a CPA +* **I didn't pay initially because I didn't know anything about paying taxes at the time.** It was never explained to me and we don't educate kids about it in this country, so yes believe it or not, I didn't know that I owed money because I was waiting for the CPA to guide me through it because that's what my parents' CPA did when I was a kid. I didn't know then, now I know. +* **I will not take action against her right now.** It's entirely possible that this CPA is very busy and just bad at responding to emails when overwhelmed with work. There are many ways that this could be a misunderstanding - for example, she could have filed my taxes, but this one form slipped the radar. I just don't know because she isn't available to clarify. Regardless I'm working with a new CPA this year. +Zero carbon emissions and 100% green energy. This is the prototype that I have. Haven't made or sold any yet, but it is clean energy. Can I have my 20B market cap now? + +https://preview.redd.it/o3k4j71pvjm51.jpg?width=576&format=pjpg&auto=webp&s=31ecd8d9977db14ab9e8e3e5f6edf540e1b79239 +This is not a request for handouts. This is not a request for relationship advice. This is a request for advice on how to get my finances ready to provide for addition(s) to the family. + +Background: +The mother and I have been living together for a few months, been together for over a year. We hadn't planned on having kids yet, wanted a few years to get our savings up, our careers going, etc. +Boom. Preggo. +We thought we were careful, she was on the pill, it wasn't the right point on her cycle, etc. +Oops. +Only telling you guys this so you do not think I'm some stupid kid who didn't know where babies came from, or that I didn't consider the consequences, etc. We were careful, but apparently not enough. +Termination not an option. While neither of us is religious, she was conceived under similar circumstances so understandably has strong opinions on abortion. + +We both make ~$20k a year in the animal care industry. I'm a vet assistant ( the guy who sticks the thermometer up your dog's butt) and she is a receptionist at another animal hospital who moonlights at a pet hotel. +We have debts. I have roughly $7000 left from a student loan to help pay for a BA in History that I'm not using , about $8000 on a car loan, and no credit card or medical bills. Don't even have a credit card. Credit is rated "fair" due to not having enough pulls on the credit or something. +She has a car loan (roughly the same amount), medical bills (almost paid off), and a fair bit of credit card debt left over from when she was a clueless teenager. +She lives paycheck-to-paycheck. She can cover her bills and that's about it. +I make enough to cover my bills, help a little with hers, and put aside a little for emergencies ( current savings account at ~$1000). +We had been saving for an emergency fund, a wedding, and a foot surgery that would put he out of work for a few weeks (not possible now due to pregnancy). +We already run a tight ship. Live in a small 1br apartment with 2 dogs and a cat. Don't eat out often, fast food once or twice a week, date night at a sit down establishment once a month. + +The Point: +How can I better my finances to provide for this family? + +What are my resources for government assistance ( not really sure where to begin looking, actually)? + +Do I fast track my debt elimination, or do I get ready to borrow more (ex: get a credit card)? + +What should I set my savings goals at now (pregnancy threw old calculations out the window, kind of lost now, honestly)? + +Actually, any advice financially would be appreciated right now. +Keep in mind, twins are a possibility, her family has a history of it. + +tl;dr- Unexpected pregnancy, keeping it(them?). $40k combined annually.Live in Phoenix, AZ. Barely above paycheck-to-paycheck. Do I borrow more, or pay off debt? What are my new savings goals? Government assistance? No Idea what I'm doing. +If you could get a 5% return guaranteed would you bother with the stock market in the current crazy time? While CD rates are only approaching 4% today, I have been reading that many experts are predicting that by mid 2023 a 5 Year Treasury Bill and some brokerage CDs will be close to 5%. + +Expected inflation in 2023 is about 4% after all the Interest Rate Increases from the Federal Reserve. + +If this is the case will you pull some of your money out of stocks for this guaranteed return to help you sleep at night? +Been super busy with work all day so it’s going to be a shorter analysis. It’s Friday. Volume is always weaker and volatility down. Most names were tight. In fact I remember watching my watchlist around 1pm and absolutely nothing was moving. There were some out of the gate bounces but outside of first hour there wasn’t much to note. + +**Energy and Oil Companies** - MEG Energy Corp, Crescent Point Energy, Cenovus Energy, CDN Natural Resources, Suncor Energy, Enbridge, Teck Resources Limited, Husky Energy + +Oil and futures were green and pretty much all the energy and oil names on my list were green too. Makes sense. So where do we go from here? [Here is the 3 hour chart for USOil]( https://www.tradingview.com/x/HeBrAJ7u/) for which I have a H&S pattern on watch. I have been told my H&S patterns are never ‘to the definition’ but it still acts as a good line. Basically you have a base line where the left shoulder and head form and then you break bearish on the right shoulder. People can argue about how much higher the head needs to be compared to the shoulder or how many candles negates it, but for me, if it looks close enough to one and has that bottom base, I consider it a H&S and put it on watch. If it breaks (and futures show weakness), we should get the pullback on some of these names that I would expect (given how much they have run recently). + +**Gold Miners** - Kirkland Lake Gold, Kinross Gold, Barrick Gold, Eldorado Gold, IAMGOLD, B2Gold, Yamana Gold, OceanGold. + +[Talk about a resistance fail]( https://www.tradingview.com/x/hLkqmeYo/). Tested the high of yesterday multiple times between 5am and 7am but could not break. After the rejections it was just a pullback all day. [Again no red flags as we just keep daily equilibrium]( https://www.tradingview.com/x/8WqDdrL3/). Not surprising all the miners pulled back but again, no red flags short term. Just watch for the equilibrium play on gold and the miners will follow. Definitely still have a bullish correlation. + +**Marijuana Stocks** - Canopy, Aphria, Aurora, HEXO, Organigram. Cronos, and some US MSO’s. + +Aphria holders are so funny. I’ve watched it over the past few years and the mental gymnastics done by holders through the short attack, random unnecessary dilution, shady agreements has been outstanding to watch. Today was no different. “They strengthened their position”. Which…I guess they got some debt off the books but they diluted and the price reflected it. To a certain extent that weighed on the Canadian LPs which is why everything was red when most of my watchlist is green. + +**Banks** - BMO, RBC, Scotiabank, CIBC, Manulife, TD + +The banks got a little distance from their recent supports but nothing that is of note. Just take a look at a daily chart and you can see the range has been sideways for most of the week. + +**REITS** - Brookfield, Smartcentres, Riocan, HR Real Estate + +So BPY comes out with financials and confirmation of a $0.3325USD dividend. That was a nice start to the day. Except do you know what it did? [Rejected right off the top of my trendline]( https://www.tradingview.com/x/Kw1NFw8i/). Still, holding $13 for the majority of the day was definitely a win. The rest of the sector also saw the bump. + +**Tech** - SHOP, Lightspeed, Real. OpenText, Kinaxis + +It feels like you could have thrown a dart at any tech name and have profited. What is there to say, all with strong daily uptrends. Even SHOP down today isn’t even an issue if you look at the daily chart. +Hello [r/dividends](https://www.reddit.com/r/dividends/), I am seeking some advice on diversification, growth vs yield, risk, et cetera. + +I began investing a couple months ago; my largest position by a wide margin was SPYD, but I sold out of that today because I made a $500 gain on it since January and I have seen other funds like VYM being praised more highly. I also was (and continue to be) invested in QYLD and DGRO, and about 5% of my portfolio is in BLV. I have a few questions, so I guess I will just jump in: + +What is the risk of something like QYLD? It seems based on my reading that it and other covered-call ETFs won't fall as easily as the S&P500 index for example, but also won't surge as dramatically when things are good. If this is the case, for dividend purposes, why bother investing in something like VYM which has a much lower yield? Being young and able to take on risk, should I opt for more of these high yield funds rather than a VYM, SPYD, etc? + +I understand the benefit of a fund like DGRO; it is about companies that have consistently raised yields. But, this does not guarantee that the yield of the fund itself will improve. What if a stock with a hefty yield stops growing, and it gets cut from the fund. The overall yield of the fund could drop right? So I'm a little lost on what is really the point of investing in dividend growth? Why not go for the consistent high-yielders? + +I am very young for an investor; is it worth it to be exposed to bonds at all? Apparently interest rates are rising, so maybe stay in for now, right? + +Thanks for the help guys. +I am planning to retire with dividends 6%, after the tax it will be around 4%. I am planning to buy seven different companies more or less.because there are not much good companies give dividends more than 6% + +Is it a good plan? +Long story short some life events happened where today I am sitting on $2 million and I became financially independent overnight. I am in my mid-30s. Half of it is in cash and the other half is "invested": Betterment, Wealthfront, a Vanguard money market account, and some t-bills. No debt... house and two cars are fully paid for. + +&#x200B; + +I've lurked long enough to know most people will tell me to put it in to VTSAX and forget about it, but I am not sure that's enough. Most of what I have read here is for people on the journey towards FIRE. I'm already there (very quickly) with a bunch of cash and investments all over the place. The market has been rocky the last few months and each time it's gone down I invested some of my cash to catch some discounts. Most recently was a few weeks ago when stocks fell 5%. + +&#x200B; + +I feel like I should get out of robo-advisers entirely and throw all the money into Vanguard funds. I was thinking of this portfolio: + +&#x200B; + +&#x200B; + +|VTSAX|60%| +|:-|:-| +|VWELX|10%| +|VBLTX|15%| +|VUSTX|15%| + +&#x200B; + +Simulations on [portfoliovisualizer.com](https://portfoliovisualizer.com) seem to look good on this... but shouldn't I hold some international? What I like about this is it grows with the S&P500 but isn't as volatile. I could dump VWELX and buy more VTSAX, too. + +&#x200B; + +Also, what about market timing? I know that lump-sum is statistically a better option than trying to time the market, but we've been in a bull run for quite some time. I think recent volatility shows that some investors are skittish and are pulling out for fear and each time they do I can buy at a discount. Maybe I can DCA a fixed amount each month and throw more in each time the market falls. Thoughts? + +&#x200B; + +Lastly, the FIRE part... what's a good strategy on living off this money? 3% rule puts me at $60K. If I pull this out Vanguard funds won't I owe taxes? About how much is estimated? I can't really find a clear answer but it's be nice to know if I can spend the full $60K or if I have to send $10K to Uncle Sam. + +&#x200B; +Hey there, this is Johnny, CEO at KuCoin. + +u/HammondXX Thank you for raising your question about KuCoin. As the People’s Exchange, we always pursue user satisfaction. Regarding the issues you mentioned, we are very willing to discuss them openly and transparently. + +Firstly, Cloudflare is a world-renowned CDN solution. As you said, one of its main functions is to prevent DDoS attacks, which is also our main purpose for deploying it. Currently, almost all major exchanges are working closely with Cloudflare. + +**All exchanges have applied an access frequency limit through Cloudflare to ensure the stability of their services. Once the limit has been surpassed, denial of website access may occur. When setting the limit, we discussed thoroughly with high-frequency traders, like API traders, for instance, before concluding on the limit. We believe that in most cases, the frequency limit will not affect our users. But it is possible that, when there’s a big price move or someone visits the site too frequently, 504 pages may still appear due to the limitation.** We have been working on improving this for a while, and if you encountered such an issue, we would appreciate it if you could share the RAY ID from the 504 pages with our support team so that we can better solve the problem. Thank you. + +Secondly, regarding the AWS server, **KuCoin invests a lot in IT infrastructure and network security. Compared with other exchanges of our size and scale, our investment in AWS servers is almost twice as much as theirs.** And we will continue to invest in this sector as we know this is one of the fundamentals of our services. + +In fact, as a platform, we care about usability and stability more than anyone else. The access issue will not only impact KuCoin's revenue but also affect user experience. As a platform dedicated to building itself and the industry for the long term, we know that reputation is everything. We hope that all users can trade with KuCoin easily and pleasantly, achieve their investment goals, and even improve their lives. **As a neutral platform, we do not profit from users' liquidation. Therefore, we are constantly introducing new functions and educating users to help them manage their futures positions properly and reduce the risk of liquidation.** + +Having noticed that you’ve been banned in the KuCoin Subreddit, I am checking with the team for the reason, but our current guess is due to spamming. We have unbanned your account. All opinions are welcomed in our community, no matter if they are positive or negative. We are very sorry for the inconvenience. As for the Moderator List you claimed that we made private, actually we didn’t change any setting on that. It’s likely because banned users cannot see it. Please check again since you are now unbanned. + +Since its establishment in 2017, we have experienced many ups and downs, but KuCoin always believes in the future of crypto. So, we will continue to invest in our system and strive to provide users with a better experience. I apologize again for the inconvenience. If you have any questions about KuCoin, our 24/7 customer support will always be there to help you out. Thank you. +Graph of this issue: +https://pbs.twimg.com/media/DceTmy2WsAAkVMB.jpg + +With the end of the first quarter approaching, where are analysts most optimistic and pessimistic in terms of their ratings on stocks in the S&P 500? How have their views changed during the quarter? + +Overall, there are 11,094 ratings on stocks in the S&P 500. Of these 11,094 ratings, 52.2% are Buy ratings, 42.9% are Hold ratings, and 4.9% are Sell ratings. + +At the sector level, analysts are most optimistic on the Information Technology (60%), Health Care (59%), and Energy (59%) sectors, as these three sectors have highest percentages of Buy ratings. + +On the other hand, analysts are most pessimistic on the Telecom Services (33%) and Utilities (39%) sectors, as these two sectors have the lowest percentages of Buy ratings. The Telecom Services sector also has the highest percentage of Hold ratings (66%), while the Utilities sector also has the highest percentage of Sell ratings (9%). + +The above graph shows that stock analysts / pundits have often been wrong. Do you follow the pundits or do you analyse stocks on your own? +Hey guys, + +Probably a lot of you are aware that we have a Mexico specific GME subreddit to share information about Mexican brokers, taxes and some spanish GME Memes. + +In case you are MexiApe and have a Mexican broker account with GME and want to DRS but you don't know how or you have questions about it, we address them all on the other subreddit. + +Personally, I have been working the last weeks on trying to DRS some of my shares and I have created several guides in case anyone from Mexico is interested. + +# How to transfer from IBKR to Computershare Mexican Edition. + +The main difference is that, you can fund your IBKR account with local bank transfer which is faster (30 min) and cheaper, instead of international transfer which some banks charge up to 50 USD and take up to 5 days or more. + +* [https://www.reddit.com/r/GME\_Mexico/comments/pyplbw/transferir\_ibrk\_a\_computershare\_mexico\_edition/](https://www.reddit.com/r/GME_Mexico/comments/pyplbw/transferir_ibrk_a_computershare_mexico_edition/) + +# How does Mexican brokers are dealing with the whole DRS thing and debunking FUD + +* DD about DRS and how does it work for Mexican brokers, who is the custodian of the GME shares bought through a Mexican broker (quick answer: Is Citibank) and more: + * [https://www.reddit.com/r/GME\_Mexico/comments/pqa3sc/mini\_dd\_sobre\_computershare\_gbm\_indeval\_sicetc/](https://www.reddit.com/r/GME_Mexico/comments/pqa3sc/mini_dd_sobre_computershare_gbm_indeval_sicetc/) +* Email Template to copy-paste and request DRS from your Mexican Broker + * [https://www.reddit.com/r/GME\_Mexico/comments/pwlnn5/correo\_para\_solicitar\_a\_gbm\_las\_acciones\_para/](https://www.reddit.com/r/GME_Mexico/comments/pwlnn5/correo_para_solicitar_a_gbm_las_acciones_para/) +* Debunking FUD about DRS and Mexican brokers + * [https://www.reddit.com/r/GME\_Mexico/comments/q02nnb/eliminando\_fud\_de\_computershare\_gbm\_indevaletc/?sort=new](https://www.reddit.com/r/GME_Mexico/comments/q02nnb/eliminando_fud_de_computershare_gbm_indevaletc/?sort=new) + +# DRS Transfer using Flink (Another broker, this one is from another MexiApe) + +[https://www.reddit.com/r/GME\_Mexico/comments/pyrxa3/drs\_transfer\_por\_medio\_de\_flink/](https://www.reddit.com/r/GME_Mexico/comments/pyrxa3/drs_transfer_por_medio_de_flink/) + +# Next steps posts... + +1. Request transfer from GBM (Mexican broker) to Computershare, step by step +2. How to request transfer from your Mexican brokers to IBKR and then to Computershare + +I hope this information is useful for all those Mexican Apes out there. +So my wife and I have Comcast. And as the story usually goes, we hate them. But what else are we going to do? We moved apartments and Comcast did not switch my account from our old apartment to our new. So for months were getting bills to our new address but the money was paying for our old address. Which means our new address's bill was not being paid for for several months, though we didn't know it. Obviously this created problems. After hours of being on the phone, trying to help Comcast figure out how to take my money from me more efficiently, we figure out that this whole none switching of the accounts was the problem. So they tell us they're going to put a "tag" on our account so some higher ups can review the problem and help us out. They were supposed to call us back within a week. Instead they sent us to collections. I really don't want to pay late fees and bills that aren't mine to pay. What should I do? +Guten Tag to this global band of Apes! 👋🦍 + +Today marks one year since they disabled the Buy button - a move that highlighted the corruption of the US financial system for all to see, and lit the fires that forged our Diamantenhände and have fueled this movement since. Many of us were already deep into the GME movement, and were ready to reap a hefty profit when prices reached $1000 / share. They were already over-exposed on GME at that point in time, but didn't want to accept the loss when they could leverage their special privileges as Wall Street insiders to screw over retail investors. They couldn't admit defeat and move on. + +Since that day one year ago, Apes have created this movement that will leave a mark on the financial world forevermore. Many of us have learned huge amounts about how the markets operate, and collectively have developed some incredible DD on the methods these Institutional Shorts use against the markets in the name of profit. Many of us have increased our GME positions by factors of 100x or more, with a huge number of those shares being whisked out of the DTCC vaults to safety at ComputerShare. The simple 'loss' that these institutions were unwilling to take a year ago are now such high stakes that they will not survive when the house of cards comes down. They fight for their life each day, because that is what is at stake now. + +When I joined this movement, I was in it for personal profit. I liked the energy of it all, but I still liked the idea of some quick money and a story to tell. I grabbed a few dozen shares on the way up and watched in disbelief as they turned off the Buy button and squashed the momentum. Nevertheless, I held. Something felt incomplete. I continued to buy all the way down to $40. + +That is when I *committed myself* to this movement. Started consuming every bit of DD, trying to piece together a clearer picture of what was real and what was 'hopium'. I began to truly believe that this was a once-in-a-lifetime opportunity, and pivoted a large portion of my investments into GME. I met other Diamantenhänded Apes through this daily thread, and realized that this unique community had what it would take to see this through. The energy through the end of February and into March washed away any doubt. GameStop *perfectly* leveraged the opportunity to sell shares and bankroll their transformation. u/DeepFuckingValue inspired us all with his double-down, and we've weathered countless FUD attacks and plenty of mod drama. + +But here we are, one year later, still HODLing, but with Diamantenhände that are stronger than ever before. The institutional shorts are barely scraping by, selling their longest investments and even portions of their own companies just to stay afloat. They know that they cannot shake us, and they will not survive, but they haven't yet fallen. Each purple circle is another cut among thousands, and eventually they will falter. They will wish they never turned off the Buy button. + +Today is Friday, January 28th, 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: **$95.12 / 85,23 €** *(volume: 2510)* +- 🟩 115 minutes in: $94.95 / 85,08 € *(volume: 2452)* +- 🟥 110 minutes in: $94.94 / 85,07 € *(volume: 2415)* +- 🟩 105 minutes in: $94.95 / 85,09 € *(volume: 2338)* +- 🟩 100 minutes in: $94.78 / 84,93 € *(volume: 2308)* +- 🟥 95 minutes in: $94.67 / 84,83 € *(volume: 2226)* +- 🟩 90 minutes in: $94.71 / 84,87 € *(volume: 2115)* +- 🟥 85 minutes in: $94.66 / 84,83 € *(volume: 1903)* +- 🟥 80 minutes in: $94.81 / 84,95 € *(volume: 1892)* +- 🟥 75 minutes in: $95.04 / 85,16 € *(volume: 1832)* +- 🟥 70 minutes in: $95.18 / 85,28 € *(volume: 1803)* +- 🟩 65 minutes in: $95.26 / 85,36 € *(volume: 1754)* +- 🟥 60 minutes in: $95.13 / 85,24 € *(volume: 1699)* +- 🟩 55 minutes in: $95.34 / 85,43 € *(volume: 1602)* +- 🟩 50 minutes in: $95.20 / 85,31 € *(volume: 1494)* +- 🟥 45 minutes in: $95.16 / 85,27 € *(volume: 1459)* +- 🟩 40 minutes in: $95.17 / 85,28 € *(volume: 1390)* +- 🟥 35 minutes in: $95.13 / 85,24 € *(volume: 1382)* +- 🟩 30 minutes in: $95.20 / 85,31 € *(volume: 1336)* +- 🟥 25 minutes in: $95.12 / 85,24 € *(volume: 1286)* +- 🟩 20 minutes in: $95.61 / 85,67 € *(volume: 999)* +- 🟥 15 minutes in: $95.59 / 85,66 € *(volume: 846)* +- 🟩 10 minutes in: $96.04 / 86,06 € *(volume: 588)* +- 🟩 5 minutes in: $95.96 / 85,98 € *(volume: 448)* +- 🟩 0 minutes in: $95.51 / 85,58 € *(volume: 215)* +- 🟥 US close price: $93.52 / 83,80 € *($95.35 / 85,44 € 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 1.116. 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! +Q1 EPS of 78cents vs consensus estimate of $1.84 driven by $6.8bn addition to loan loss reserves (total credit costs of $8.3bn for the quarter). + +Sheds some light on the calculus behind them tightening credit standards on mortgage borrowers. + +And yet, shares trading up 3% premarket on the news as IMF announces the covid recession will be the worst since the Great Depression. + +This is getting ridiculous. + +CNBC article: [https://www.cnbc.com/2020/04/14/jpmorgan-chase-jpm-earnings-q1-2020.html](https://www.cnbc.com/2020/04/14/jpmorgan-chase-jpm-earnings-q1-2020.html) + +Edit: Nice! +Anyone run into relationship issues after making a good amount of money due to a business exit? My wife seems to feel like I’m constantly condescending to her simply because our life has changed due to coming into wealth. + +It started as a small annoyance and is now becoming a daily burden. Anyone run into this with their SO? How did you explain to them that it’s not a competition? Or help them handle the change? + +Edit - spelling +Edit 2 - Thanks for all the feedback and comments, some of you have been super helpful! + +In short - we spoke for 3 hours, went for a walk with the dogs, and concluded that she’s been depressed due to COVID WFH and her only outlet has been to make the house better, hence splurging on furniture. Nothing more to it, and a very easy to solve problem. + +Thanks to everyone that suggested this may be the case, and more importantly for being reasonable and not telling me to get a divorce, or that I was being intact an asshole.. there’s some great people in this community, so thanks for the advice!! +I was thinking about this earlier, and then I just happened to see [this article](https://www.thestreet.com/memestocks/gme/this-hedge-fund-is-betting-hard-against-gamestop-stock-are-shorts-playing-with-fire) that comes right out and admits it. Strongly recommend giving that one a read, but [these are the relevant paragraphs.](https://imgur.com/UnU2SSQ.png) + +Shorting GME right now seems to make sense if you don't know anything about GME or market structure, which is the case for a significant number of small-time hedge funds and family offices. One would imagine that large banks, desperate to unload as many of their toxic positions as possible, are trying to pass them off to their prime brokerage clients. It can't even be that hard a sell, given that these small-time fund managers have undoubtedly been drinking the wall street kool aid for a long time now. 100%+(++++) short interest is a distant memory to them, long since swept under the rug of mEmE sToCkS. It might even seem like one of the safest shorts in the market, and shorting it could be seen as a hedge against the incoming crash. How ironic. +&#x200B; + +https://preview.redd.it/nrkax3a2zbr61.png?width=987&format=png&auto=webp&s=04a08bb04d0835d128b653f20bcedce78573f3d4 + +&#x200B; + +Source: + +[https://news.gamestop.com/news-releases/news-release-details/gamestop-announces-market-equity-offering-program](https://news.gamestop.com/news-releases/news-release-details/gamestop-announces-market-equity-offering-program) +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 + + + + + + +My partner and I have been together 9 years. He honestly took forever to propose, and now that he has, I was so excited to plan our wedding. + +We're now 6months out from the wedding, and I'm absolutely stressed and terrified about the cost. I don't come from money, and neither does he. His parents offered us $1000, my family has offered nothing, so we would be paying for it ourselves. + +Despite doing everything I can to have the wedding I want at the cheapest possible price, I no longer think we can do it without going into debt. Right now my estimated all-in (with tips and such) is just under $20k. In the world of weddings... that's so cheap! + +The biggest contributing cost is that my venue is a bar with a food/bev minimum of $9k. And with rising food costs/inflation, I'm assuming I can't feed/drink the 100 guests for that amount like I had planned. + +If we cancel now, I would receive my vendor deposits back in full. None of our bridal party has purchased their outfits yet. Only one person has booked the flight so far. Like if we cancel now, no one loses out financially. + +My partner wanted to postpone a year, but the reality is, our entire friend group wants to get pregnant next year (literally everyone is waiting until after our wedding), and both of our parents are old/not in good health, so I feel like there's a chance they would no longer be around to see the wedding. + +We'd still get married, we'd just go to the courthouse and take the money we've saved so far to go on a trip together. + +But I really wanted the wedding. I realllyyyy wanted the wedding. But when we started planning it, I had a financial plan. Now I'm worried that layoffs could be coming to my big tech company (re: look at twitter, Meta, many others), which would further jeopardize our financial security. + +I dunno. Is the memory, party, excitement joy, worth the debt. Or is financial security and a better foundation for the future the right idea? Do we only live once, or do we live a better life later because of today's decisions? + +I'm so upset and conflicted. Any advice or thoughts would be lovely. Please don't be mean though, I'm fragile today. + +Thanks! +So, as the title says, last night, I received 500$ posted into my bank via Zelle. I immediately called both PNC and Zelle this morning, frantic someone had hacked into my account and I was about to become a victim of a scam (I’m aware it was a deposit to my account and NOT a withdrawal, but still). + +They calmed me and said my bank information was not stolen nor am I at any fault. If I felt better, I could dispute this and get reissued a new bank card. I asked if they could simply reverse the transaction in which Zelle said no and PNC said I could dispute it. Both had warned me while the money is legitimate, I could be part of a scam in which money is sent to my account “by accident” and then I receive a text or phone call from the sender for the money back via Zelle in which they could get my bank information that way. + +I asked for my rights and they let me know I’m at no fault, to never accept someone asking for the money back and to guide them to speak with their bank, and even then, I am not obligated to send money back. + +Fast forward to 20 minutes ago. Two different numbers reached out to me regarding the money. One number with my area code claimed their female friend got the number off by 1 digit and the other had a NY area code said HE needed that money to pay his rent. + +I’m going to type both of them a message I feel uncomfortable returning money through a third party app and will politely request they dispute with their bank or credit union. Did I do everything correctly? Am I being too paranoid about this whole thing? Any other steps I should be taking to protect myself? + +Please let me know! + +EDIT + +I commented on the post a while ago, but I deleted both numbers and will not reach out to them whatsoever. You’re right that they will contact the bank IF this is not a scam. Just like I did when I saw the deposit. + +As much as the money may seem like a blessing in disguise, all those stories I just read online about people getting “free money” only for their spending it all to bite back made me nervous I could be in that same position and if this IS an accident, this is their money, not mine, and I want to make sure they get their money back through dispute filed through the bank and not just through some money transfer app. + +(Though my fortune cookie did say I’d gain financial prosperity. I just thought I’d get more overtime and my quarter bonus or a raise or I won a scholarship for CSU or the 2nd stimulus check was gonna happen or something.) + +So the money will sit there untouched and hopefully either gets claimed by the right person or by the bank or in some weird way down the line, I get to keep it. Probably not. But I’ll do nothing in the mean time except speak to the bank about any extra security measures I can take on my account and continue to daily check my bank account for unsolicited withdrawals. Thanks for the advice all of you. + +P. S. Sorry my post is from such a common question that gets on here. Someone remarked this is a popular question on this subreddit/popular scam, I believe. I should’ve looked before I posted and taken advice from there. So, sorry for the repetition to anyone annoyed. That’s my bad. Sorry again. + +EDIT 2 + +To those who are calling me names or verifying this is a scam, this was not what I’m asking. I was asking IF I followed the right steps and any other recommendations. I just want suggestions if I missed anything. +It's a 3 day weekend and the shorts are trying (but not succeeding very well) to generate negative sentiment and a downward trendline going into the weekend. The veteran apes around here aren't going to be phased by that, but we all were at some point early on. + +New apes, be VERY WARY of this weekend. There are going to be constant media articles attacking you or calling you stupid. There might be politicians/media pundits begging you to sell. This FUD could spread to your own family/friends who try to put pressure on you. There are also people who will try to get you to day trade, set stop losses, etc. These are equally as bad. + +Additionally, I'm not sure if you noticed but this subreddit just got a TON of new users, a portion of which are likely shill bots. There's going to be forum sliding, sentiment flipping and every other tactic thrown at you. This same thing happened in WSB when it grew by millions of users in a single week. + +**This is your boot camp starting now.** This is what will prepare you to hold during the squeeze. You can either turn everything off and just not pay attention (which is the easier method) or you can stare it all in the face and laugh (but don't laugh at your friends/family, be kind and patient with them). I chose #2 and it steeled me very well, but not everyone can handle that. If the FUD starts getting to you, back away and come back to /r/Superstonk. Just realize that this sub could even become compromised (although I have immense trust in the moderators who have been top notch). Stuff happens though. Hell, Pink's phone might have gotten hacked a day or two ago (I didn't follow up on that). + +Seeing these slimy tactics over and over is how the rest of us effectively killed our emotional swings and became diamond handed. You want to be like the rest of us on shorter notice than we had? Well, this is your crash course. + +EVERYTHING leading into June 8/9 is going to be ugly. Find that one reminder that keeps you grounded: + +"The crypto dividend will end this" + +"They wouldn't be doing this if they weren't desperate" + +"If DFV is still in, I'm still in" + +Pick a sentiment, there are hundreds. Almost everything we thought would occur has occurred to a T and we have a guaranteed victory as long as we stay strong and do not paperhand the shares. + +If you can pass this course then you'll wake up on the moon. Stay strong, apes. + +&#x200B; + +*This-is-not-a-financial-advice.* + +&#x200B; + +**Edit:** In the event that this subreddit goes down, go here: [https://twitter.com/redchessqueen99?lang=en](https://twitter.com/redchessqueen99?lang=en) +For those of you who want to know my thoughts, here they are: + +Netflix was meh. + +Does it change what I stand for? no. + +Has my opinion changed over the past 21 months? no. + +&#x200B; + +**So F\*CK the noise.** + +Bought more. 2,100 deep. I'm not f\*cking leaving. + +https://preview.redd.it/vsjraxoi80r91.jpg?width=1079&format=pjpg&auto=webp&s=13f0babc9c7153d3e542cfcbd3379d9ed86a4787 + +**DIAMOND.F\*CKING.HANDS** + +\#GMEtotheMOON + +\#LFG +Because we are living through the epicness and the world has yet to see the climax: MOASS. It's like Lebron James telling people he'd be (one of) the greatest baksetball players of all time when he was a kid. SOME would believe him, but most will laugh. + +You guys are a bunch of the most hollistically (this a word?) smart people I've ever met, and I've been in society for some time now. I mean, the apple (us) doesn't fall far from the tree (rc) right? Dudes a fucking prodigy and legend having achieved what he's achieved at 36ish now and with the heart he has. + +The best is yet to come, probably tomorrow, or even today, and we'll be sharing this story for the rest of our lives. + +Edit: Wow I did not expect this reaction first time posting here! Wonderful seeing all this positive engagement! Hope this little hype piece reminds all of us how blessed we are to be on this journey despite the challenges and struggles along the way. Uranus awaits us. +Curious to know what commutes are around the country. For a long time I had a short commute of about 15kms - 90% of it on the highway. I would ride to work once a week as well. + +Now I’m travelling 60kms. It takes 45 mins with almost all of it on a rural highway, so it’s a very easy and comfy drive. TBH I quite like the drive to work. I just sit, listen to a podcast and sip my coffee in the morning Sun. But the drive home can sometimes drag on as I just want to get home. + +At these fuel prices it’s costing me about $80/week in fuel, plus a little more in regular maintenance of the car. + +I know people in the city who travel half the distance I do, but it takes closer to an hour. More if traffic is bad. And apparently the drive home is always horrible, so they sometimes stick around at work just to wait until peak hour is gone, meaning they don’t get home until we’ll after dark. Plus it costs more due to the stop/start nature of the driving. + +I’d like to carpool, but no one else at my workplace lives near where I do. + +In before people say “my commute is $0 because I WFH”. +I posted here yesterday asking for investing advice and got a pm from an throwaway account. +They said I should invest in BTC and I immediately assumed they were scamming me. I still held a conversation with them to see what they actually wanted. They told me to contact a private cloud mining rig called adiamondtransfer. +Clearly a scam. +I’ll send screenshots of the conversation. +The scammer is an Asian women (she sent a pic of herself with her phone) +For Source and more information: **[Speculative Rationality - 7 Dec](http://spec-rationality.com/request-network/#7Dec)** + +**Not just Paypal 2.0 | A Financial Platform for Blockchain** + +**Suggested reading:** [Why you need to care about blockchain now – not later](https://www.insidesap.com.au/need-care-blockchain-now-not-later/) – Inside SAP + +Request Network has been dubbed “PayPal 2.0” by some commentators and while Request can work as a payment platform akin to PayPal, many do not realise that the Request Network is much more. + +*“Request is not an app but a financial platform on which many projects can be developed. … We want to structure cryptocurrency payments, finance and accounting areas. Our goal is to build a platform to operate payment requests applicable for every financial flow, and structure it by allowing external systems and software to plug into the platform through the use of our APIs.”*  – Request Team – [November 24 Update](https://blog.request.network/request-network-project-update-november-24th-2017-tech-ecosystem-request-core-kyber-network-b760637eba9b). + +The Request Network envisions itself as a Financial Platform; a protocol agnostic financial layer on top of Blockchain technology. Request’s financial platform focuses on providing the infrastructure that will become the “standard for invoices, accounting, auditing, and payments in cryptocurrencies and fiat assets.” (Request Team – [November 24 Update](https://blog.request.network/request-network-project-update-november-24th-2017-tech-ecosystem-request-core-kyber-network-b760637eba9b)). Request plans to deliver on this vision by leveraging blockchain technologies (e.g. [Kyber Partnership](http://spec-rationality.com/request-network/#29Nov) which we covered previously) and ensuring that they remain platform and currency agnostic, so as to reach the widest possible audience. + +What is the Financial Platform Request envisions? For this we need to take a look at the [Tech Mind Map](https://www.mindmeister.com/991002501?t=R1iofDilV0) that the team released with their November 24 update. The Request mind map is split into branches, of which the below 3 are key to actualise their platform. + +1. **Philosophy and Vision **– The team aims to base their work and decisions in their stated core philosophies. Decentralised; Open sourced; Secure. + +2. **Protocol** – The core protocol functions of the network: Core Request protocol, multi-currency (cross chain verification and fiat), extensions for developers (Escrow, down payments etc.), financial flows mechanism, cross-currency settlement (Kyber partnership), fees, reputation and privacy & scaling. + +3. **Use Cases** – the use cases can be thought of as implementations that leverage the core protocol functions to provide and facilitate services. Some of the use cases include: standard requests, online payments, accounting, financial audit, P2P and Point of Sale. + +Many of the endpoints on Request’s Tech Mind Map are ambitious projects in themselves. the realisation of Protocol endpoints seem to add greater functionality to Request Network infrastructure, while Use Case endpoints are the user facing implementations that grow the Request ecosystem. This is where Request’s strength could really shine, in its ability to build a diverse and robust financial platform that provides the tools and infrastructure for devs to deploy the financial applications and services they envision (or to integrate Request with existing applications). +__________________________ + +Lets take a look at the impact that Request Network could have on just one of its major use cases, accounting. Request could revolutionise accounting by allowing users to settle transactions over the Request Network. To understand how let’s dive into the landscape: + +*The Old World* + +**Double Entry Accounting – Gives Bookkeepers Faith in their own Books but external auditing is required to gain the confidence of third parties.** +The current financial industry is underpinned by Double Entry Accounting. Double entry accounting is a system in which each entry into a ledger has an equal and opposite entry in a different account; in other words each debit has a corresponding credit. Where the debits in a ledger do not equal credits we know that there has been some error or fraud. Double entry accounting revolutionised financial accounting as it gave book-keepers confidence in the contents of their own books. However to gain the confidence of third parties, the work of external auditors is still necessary. This is very expensive & time consuming. + +[Diagram - Double Entry](http://spec-rationality.com/wp-content/uploads/2017/10/double-entry.jpg) + +*The New World* + +**Triple Entry Accounting via blockchain technology – All accounting entries involving outside parties are cryptographically verified by a third entry on a common ledger. Dramatically reducing the need for external audit but difficult to implement in the absence of accepted norms or standards for the “third entry”.** +Blockchain brings with it the advent of triple entry accounting, transactions between disparate parties can be recorded in an immutable manner on a distributed common ledger; dramatically reducing the role of external audit (which may still be needed for internal controls). The transaction details are agreed by both parties and cryptographically stored on the blockchain, so now third parties (shareholders, investors etc.) should be able to verify accounts just by checking entries in a private ledger for consistency with the corresponding “third entry” on a distributed ledger.  + +HOWEVER there is no standardised or uniform infrastructure that disparate companies/individuals can utilise for their immutable “third entry” records. While two parties could certainly store their transaction details on existing blockchain infrastructure using bespoke methodology (which will likely be an additional manual step after the transaction takes place), the lack of common standards across industry would still make it difficult for outside parties to verify the “third entry” records with any ease. + +*The Request Solution* + +**Request Network – A protocol agnostic financial layer designed to convert a (theoretically) infinite range of transactions into immutable accounting records that are easy to verify because they use a standardised infrastructure . The promised land of triple entry accounting.** +Request creates a standardised infrastructure that disparate parties can utilise not only to settle transactions but to simultaneously create immutable accounting records in the form of a receipt or “third entry” that is stored on a distributed ledger. The transaction automatically creates the third entry (there is no manual entry step); furthermore this “third entry” remains easy to verify because it utilises a predictable set of standards. Not only does the Request layer enable currency agnostic transactions at lower cost than centralised iterations it could conceivably revolutionise the accounting process in that very same step. + +[DIAGRAM - Triple Entry ](http://spec-rationality.com/wp-content/uploads/2017/10/Triple-entry-accounting.jpg) + +*“Thanks to the interoperability, immutability and decentralized nature of the Blockchain, we’ll see the emergence of the triple-entry accounting system (the invoice becomes the transaction) and the time stamping system (basic blockchain function that permanently registers on the block the time that a particular action took place).”* – Excerpt from Request [Yellow Paper](https://request.network/assets/pdf/request_yellowpaper_smart_audits.pdf). + +We’ve looked at just one aspect of what the Request platform can do and yet the breadth of the project starts to become evident. By creating the infrastructure and backend needed for individuals and companies to implement triple entry accounting (just one of its use cases); Request opens up the possibility of migrating towards a fully “smart audit”. The Request Network intends to tackle all aspects of a “smart audit” by achieving simplicity (automation), immutability (common database), accuracy, authenticity (a decrease in human errors), traceability of invoices and payments (reconciliation); a triple-entry system. + +*“From turnover to wages and taxes, a financial audit will go through all the transactions of a company. We categorize an audit today into several sections: equity, assets, banks, customers, Income, suppliers, charges, salaries, taxes, intercompanies, financial charges and income.”* – Excerpt from Request [Yellow Paper](https://request.network/assets/pdf/request_yellowpaper_smart_audits.pdf). + +This is by no means an easy task, If we take a step outside crypto for a second and look at the behemoth that is the financial accounting industry it is easy to see that an overhaul of accounting processes will be an uphill battle. We should not underestimate the power and monopoly that existing accounting philosophies, enterprise software companies and regulators have. Changing the established “way of doing things” will need to be a grassroots effort (Development of new applications, plugins to existing applications, etc.) underpinned by a solid working product and realised eventually through mass adoption. With the financial accounting industry becoming more aware of blockchain technology and how it can benefit from “triple entry accounting” / “Real time accounting” ([Source](https://www.insidesap.com.au/need-care-blockchain-now-not-later/)), Request is in a prime position to be one of the leaders in the field. Like all disrupters, Request will face many challenges but with a solid team and platform the Request Network is giving itself a great shot at success.  + + +Many people are very, very fickle. They want to go long on the upswings and go short on the downswings. People want to make big money, fast. When we were up, everyone was screaming buy. While we are down, everyone is screaming sell. This is not the end. Close your computer, grab a beer with a friend you haven't seen in a while, sit back and enjoy life. Crypto is not going anywhere. Me personally? I really, really wish I could buy more. Why? Because i'm not here to swing trade or daytrade cryptos. I'm in here because I see ETH going up over time. And especially around the 100-150 area I think is a fantastic time to buy while we still can. It may not be a month or more until we break this downtrend who knows. But all I know is that ETH has been out for 2 years and nearly surpassed the founder of blockchain technology itself that has been around for 8 years. If that doesn't tell you we have at least SOME kind of future, I don't know what will. +It's very easy to focus on the prices of these things because they are so volatile. But you have to realize, am I in this because I want to make a quick buck or because I want to see this project come to life? + + +It's funny that when we were going up so high that everyone started giving investment advice and everyone believe in ethereum. Now that we are going down (for no fundamental reason I might add), suddenly everyone is bearish and eth is useless. That is far, far from the case. + + +The thing is, all this fiat money that inflated the value of crypto in general, where did it go? Back in fiat? Sure. But you have to think, if all this money went into crypto and people realized these huge gains, now that it is flowing out, what makes you think all that fiat isn't waiting to buy back in again? + +Markets work in boom-bust cycles. And what we are witnessing is simply that. Even though we have drastically declined, we are increasing awareness and the next wave we experience will be much much bigger than this one. + + +So don't panic, don't doubt, just go out and live life and check the charts every now and then and realize in the end, 100 dollars, 200 dollars, and higher will be worth it when this project comes to it's fruitions. +>!SIKE, YOU THOUGHT!< + +This thread will be unpinned in 10 minutes, The 5 top-level comments with the most and least votes at that time get flair mods choose based on their comment history. + +[GME Megathread](https://www.reddit.com/r/wallstreetbets/comments/lybuq0/gme_megathread_for_march_05_2021/) +Is that possible in today’s market or even in the near future? Like if I’m planning to live off some investments, and he’s saying he can get 10-12% returns. Idk about this stuff. Is that true? +If I buy a property at these high mortgage rates we're currently experiencing, I can always refinance my loan when the rates eventually come down, right? I mean, sure, the rates are high right now, but that's realistically not the rate that I will be paying for the next 15 to 30 years. Eventually, inflation will abate and the federal funds rate will start coming back down, at which point mortgage rates will drop. And when that happens I can refinance. + +Is my understanding correct? Or is it not that simple? +When the stock market has a big crash, it's often set back YEARS. In the 2008 stock market crash, the S&P 500 went back to the value it had 10 YEARS ago. + +Crypto has been set back 23 days. + +An equivalent 23-day setback on the stock market would mean a drop of about 3%. Can you imagine the news freaking out about a 3% drop? + +I see nothing to worry about, just normal fluctuations in a healthy (but volatile) market. I bet in a few months the market cap will be back to where it was. What can be done and undone in 23 days can be redone again in 23 days. There's too much overall momentum toward cryptos, even if a 23-day bubble is popping. It's not a 10-year bubble. This is the thing people have to realize. + +Let's imagine, even if (worst case) the whole crypto market cut in half _again_ on top of where we are now, we'd only be set back to late November, about 50 days ago. Internet money is simply useful, and that's not going to change. And we're clearly still at the front(ish) end of the mass adoption curve. These two things are the bedrock of the investment in to cryptocurrencies, and those things haven't changed. + +If you were to panic sell now, I'm guessing in about a couple months you will be regretting it. Almost certainly in a few years you will be regretting it. Imagine cryptos going up another 1000% (which it has, more than once over the years) and you sold because you got cold feet after a 20% movement. A 23-day bubble is not worth being emotional about if you're a long-term investor, which is generally the smartest and lowest-risk way to invest. + +Plus we have no way of knowing how much of this is just one whale getting in and out of the market to create profitable price swings. That can (and probably will) happen again. + +The ocean isn't draining because we're at the low point of a big wave. There will be other waves, and other high points. It's just a matter of patience. As long as the two bedrock principles of why to invest in crypto are still in place (people want internet money, and we are in early adoption phase) I see no reason to sell. +Hello everyone, new to the sub, my friend suggested I post this here. + +At the beginning of the pandemic my hours were severely reduced, so I got on under-employment. They sent me a small check every week. About a year ago, they said I owe them upwards of ten grand. I've filed multiple appeals to this claim. I sent them all my W-2s and paystubs to prove I was working. + + The first appeal was denied. I filed a second. I didn't hear back for months, so I called them. I asked if they needed anymore documents, or any more information. The woman on the phone told me they had all the documents and information they needed to push my appeal through. She told me not to worry and that she would have this solved. + +Fast forward a few months later, I get a letter in the mail on 7/28/2022 that says I will have to pay the ten grand unless I appeal by August first. Which is only 3 days after getting the mail. And they are also closed on weekends so I effectively have ONE day to solve this. Today. + +In the mail they sent me they specifically said I didn't provide enough documentation to prove I was working. But when I spoke on the phone to them, they said they have all the documents they need, and I don't need to send any more. I even asked if she was sure I didn't need to send anything else. She again told me she had everything they need, and not to worry. + +I should also mention 3 of my co-workers that work the same hours filed for under-employment as well. They were all told they had to pay at first as well, but all their appeals went through so they don't have to pay. + +I will be filing my third appeal to this, and calling them again when I get home from this interview. Does anyone have any advice or how I can get this appeal through? I've sent them all my w-2s and paystubs, and I've fought to appeal this multiple times. I just don't know what I'm doing wrong. + +I've been dealing with the madness of Michigan UIA for two years now and I feel like my head is going to explode. I would've NEVER accepted this under-employment money if I knew I'd be paying it all back with interest.. + +I really can't lose this ten grand. It's **everything** I have. + +Any help would be appreciated more than words can express. If I lose this ten grand I'm royally screwed. + + +TLDR: Received Underemployment at start of pandemic. Now they want it all back plus interest. They say they lack documents showing my proof of work, even though I've sent them all the documents they need. My co-workers appeals all went through easily, but mine gets denied repeatedly even though we work the same hours at the same job. What am I doing wrong here? +Hi everyone. I currently live in the city and would love to retire to the beach in 15 years. I was thinking it might be a good idea to buy the house now and rent it out so that someone else is paying the mortgage for my retirement home. Since I live in California prop 13 would make the taxes a lot lower for when I finally move it. (They are only allowed to increase property tax by inflation, even if the house triples in value etc) + +The problem is everything is really expensive and I don’t want to get in over my head. My current house is worth 950k and I owe 300k on it. I was thinking I could do a cash-out refi of 240k and use that on a 1.2M beach home. It would increase my monthly payment, (2.5k on a 15 year to 2.8k on a 30 year) by about 300 dollars. Then the beach house would have about a 5k mortgage. + +I bet I could get right around 5k in rent or maybe 4.5k so I might lose a bit on it a month. But it’s going to be my house I move into. + +I make 250k a year so having two mortgages (2.8k + 5k) could be daunting since my take home is around 11.5k a month after tax. + +Is this a good idea? Worse case scenario I could just sell one of the houses. I’d keep the low taxes and take advantage of the low interest rates. I want the beach house anyway... + +My question is, would it be better to pay off my house then save up the down payment for the beach house? Or just do it now? +I recently tried transfering 50% of my shares to computershare from fidelity, the first agent told me 35 days to complete and that the reason is on COMPUTERSHARE side. Well I called bs on that and contacted computershare myself and they told me it is strictly on FIDELITY side. + +With that in mind I called back fidelity and informed them "hey I talked to computershare, they told me the issue is strictly on your side, what is holding up the transfer? My account is a cash account so my shares should not be being lent out so why is it taking so long?". The fidelity agent gave me some run around answer and told me it takes up to 2 weeks and i said ok ill call back in a few days. + +That DAY the shares were transfered to computershare visible in the account!! + +TLDR: Apply some pressure to Fidelity about your transfer process!!! However, be respectful as always apes! + +🚀🚀🚀🚀🚀🚀🚀💎👐💎👐💎👐💎👐🦍🦍🦍🦍🦍👨‍🚀👨‍🚀👨‍🚀👩‍🚀👩‍🚀👩‍🚀 +For example, if there is a stock at position 301 by market cap, couldn't a hedge fund buy so much to push it into the ASX300 which then ETFs tracking the index would be obliged to purchase it at that price? What's stopping people from doing this - market manipulation laws? Are there any examples of it ever happening, or safeguards in the index to prevent it? +I guess if you have minimal expenses ( no kids or mortgage) then what is the point? You can just enjoy life? + +I try and always buy the cheapest thing (while thinking about the quality and durability of the product) and don't have any interest / try very hard to not be part of the dick measurement contest that is life... yet, I look at ways to make money. + +Spreadsheets are a buzz kill. + +I don't like Math, but it's a necessity in life. + +Not everyone here is rigid and tracks every dollar / cent? +# I predict my favorite MOVIE and GAME stocks will be on 🔥 September 15, 2021 + +# 3 month [\#Euro](https://twitter.com/hashtag/Euro?src=hashtag_click) dollar contracts are used as the shortest maturity instruments on an Interest Rate Swap curve that references 3m Libor. + +Every 3 months one of these futures contracts expires, and the instruments used to build the curve are “rolled” by three months (to include a [\#NEW](https://twitter.com/hashtag/NEW?src=hashtag_click), longer contract). + +https://preview.redd.it/yxmiffazcmn71.jpg?width=1119&format=pjpg&auto=webp&s=fb17877571d0298cd7d87c676dc52dd3cb649c1a + +**These expiration dates are quite a “thing” in** [**#CREDIT**](https://twitter.com/hashtag/CREDIT?src=hashtag_click) **DEFAULT SWAPS trading -SO MUCH that the dates themselves are part of the vernacular and commonly referred to as "IMM dates".** + +https://preview.redd.it/e5mvjydxcmn71.jpg?width=1201&format=pjpg&auto=webp&s=56ecf6e913eef847b403231af1e7974a4044bcba + +IMM stands for International Monetary Market. + +**The 3rd Wednesday of each** [**September**](https://twitter.com/hashtag/September?src=hashtag_click) **is 1 of 2 semi-annual maturity dates for these Futures "**[**Eurodollar**](https://twitter.com/hashtag/Eurodollar?src=hashtag_click)**"** [**contracts**](https://twitter.com/hashtag/contracts?src=hashtag_click)**; "The final date to which fixed and floating amounts accrue."** + +https://preview.redd.it/mwyw2850dmn71.jpg?width=1886&format=pjpg&auto=webp&s=6a5f9258c166c541c666f753d3101bb72434d19b + +These [derivatives](https://twitter.com/hashtag/derivatives?src=hashtag_click) have a Block [Trade](https://twitter.com/hashtag/Trade?src=hashtag_click) MINIMUM of 250 lots for Contracts with Remaining Tenor **UP TO & INCLUDING 12** [**years**](https://twitter.com/hashtag/years?src=hashtag_click), & 50 lots for [Contracts](https://twitter.com/hashtag/Contracts?src=hashtag_click) with Remaining Tenor [**greater**](https://twitter.com/hashtag/greater?src=hashtag_click) **than 12 years.** + +https://preview.redd.it/a8fgyy02dmn71.jpg?width=653&format=pjpg&auto=webp&s=1a0c90bb5407703329fde18061da2b50db2f78f9 + +# [Futures](https://twitter.com/hashtag/Futures?src=hashtag_click) [Contracts](https://twitter.com/hashtag/Contracts?src=hashtag_click) are frequently rolled on the [IMM](https://twitter.com/hashtag/IMM?src=hashtag_click) dates, making them among the [highest](https://twitter.com/hashtag/highest?src=hashtag_click) volume [trading](https://twitter.com/hashtag/trading?src=hashtag_click) days of the [year](https://twitter.com/hashtag/year?src=hashtag_click). + +# That's today [September](https://twitter.com/hashtag/September?src=hashtag_click) 15, 2021 + +# 🔥 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 + +&#x200B; + +# ****** Edit: + +# Received this in chat (after posting): + +https://preview.redd.it/sg85t0svemn71.jpg?width=1397&format=pjpg&auto=webp&s=15faa3225c0eb241c33d67b86fd15b5981f6aba0 + +# For those that don't know, these contracts also fall under a T+2 period so we'll see heavy volume action through Friday 9/17/2021. + +# BOOM BOOM CANDLES INCOMING! + +&#x200B; + +FYI: I've been banned by the moderators for not replying "nicely enough". + +That's cool. I don't really care if you all know about this or not. + +I'll take my posts elsewhere on /reddit in the future - enjoy your superstonks LOL + +I'll be posting on DDintoGME and AMCStock as well as other stock market threads. + +You can follow me on reddit or youtube for truths, or pretend like the idiots below that I "pay bots" to give me thumbs UP LMFAO what a loser. + +&#x200B; +# I predict my favorite MOVIE and GAME stocks will be on 🔥 September 15, 2021 + +# 3 month [\#Euro](https://twitter.com/hashtag/Euro?src=hashtag_click) dollar contracts are used as the shortest maturity instruments on an Interest Rate Swap curve that references 3m Libor. + +Every 3 months one of these futures contracts expires, and the instruments used to build the curve are “rolled” by three months (to include a [\#NEW](https://twitter.com/hashtag/NEW?src=hashtag_click), longer contract). + +https://preview.redd.it/yxmiffazcmn71.jpg?width=1119&format=pjpg&auto=webp&s=fb17877571d0298cd7d87c676dc52dd3cb649c1a + +**These expiration dates are quite a “thing” in** [**#CREDIT**](https://twitter.com/hashtag/CREDIT?src=hashtag_click) **DEFAULT SWAPS trading -SO MUCH that the dates themselves are part of the vernacular and commonly referred to as "IMM dates".** + +https://preview.redd.it/e5mvjydxcmn71.jpg?width=1201&format=pjpg&auto=webp&s=56ecf6e913eef847b403231af1e7974a4044bcba + +IMM stands for International Monetary Market. + +**The 3rd Wednesday of each** [**September**](https://twitter.com/hashtag/September?src=hashtag_click) **is 1 of 2 semi-annual maturity dates for these Futures "**[**Eurodollar**](https://twitter.com/hashtag/Eurodollar?src=hashtag_click)**"** [**contracts**](https://twitter.com/hashtag/contracts?src=hashtag_click)**; "The final date to which fixed and floating amounts accrue."** + +https://preview.redd.it/mwyw2850dmn71.jpg?width=1886&format=pjpg&auto=webp&s=6a5f9258c166c541c666f753d3101bb72434d19b + +These [derivatives](https://twitter.com/hashtag/derivatives?src=hashtag_click) have a Block [Trade](https://twitter.com/hashtag/Trade?src=hashtag_click) MINIMUM of 250 lots for Contracts with Remaining Tenor **UP TO & INCLUDING 12** [**years**](https://twitter.com/hashtag/years?src=hashtag_click), & 50 lots for [Contracts](https://twitter.com/hashtag/Contracts?src=hashtag_click) with Remaining Tenor [**greater**](https://twitter.com/hashtag/greater?src=hashtag_click) **than 12 years.** + +https://preview.redd.it/a8fgyy02dmn71.jpg?width=653&format=pjpg&auto=webp&s=1a0c90bb5407703329fde18061da2b50db2f78f9 + +# [Futures](https://twitter.com/hashtag/Futures?src=hashtag_click) [Contracts](https://twitter.com/hashtag/Contracts?src=hashtag_click) are frequently rolled on the [IMM](https://twitter.com/hashtag/IMM?src=hashtag_click) dates, making them among the [highest](https://twitter.com/hashtag/highest?src=hashtag_click) volume [trading](https://twitter.com/hashtag/trading?src=hashtag_click) days of the [year](https://twitter.com/hashtag/year?src=hashtag_click). + +# That's today [September](https://twitter.com/hashtag/September?src=hashtag_click) 15, 2021 + +# 🔥 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 🚀 + +&#x200B; + +# ****** Edit: + +# Received this in chat (after posting): + +https://preview.redd.it/sg85t0svemn71.jpg?width=1397&format=pjpg&auto=webp&s=15faa3225c0eb241c33d67b86fd15b5981f6aba0 + +# For those that don't know, these contracts also fall under a T+2 period so we'll see heavy volume action through Friday 9/17/2021. + +# BOOM BOOM CANDLES INCOMING! + +&#x200B; + +FYI: I've been banned by the moderators for not replying "nicely enough". + +That's cool. I don't really care if you all know about this or not. + +I'll take my posts elsewhere on /reddit in the future - enjoy your superstonks LOL + +I'll be posting on DDintoGME and AMCStock as well as other stock market threads. + +You can follow me on reddit or youtube for truths, or pretend like the idiots below that I "pay bots" to give me thumbs UP LMFAO what a loser. + +&#x200B; +I'm talking about the $1 wide SPY put credit spread. The setup is simple. + +Every Wednesday (for some reason Wednesday has netted better ROC), open up a 7DTE PCS, with the long put strike at the 50 delta, and the short put placed just $1 above that. For Robinhood users you only need $100 in collateral to make this trade. Can be easily scaled to your desire. It looks just like this: + +&#x200B; + +https://preview.redd.it/bj5b2ctt2fn51.png?width=295&format=png&auto=webp&s=a1845e4c4bb5d6f26f0daa6488c2b45e9cb04ae2 + +The results after running it in some backtesting software yielded surprising results. This is with no black swan crash management involved: + +&#x200B; + +https://preview.redd.it/haj0if2v2fn51.png?width=855&format=png&auto=webp&s=1c45d3ec07f54b6b39e61822eefe4ab1758f4418 + +A 68% win rate if traded for this past year, even with the COVID crash. Of course one can never assume that these results will actually work in the future, but personally I like the risk-reward ratio of this spread. + +Edit: Thank you everybody for your criticism. I hope that nobody saw this strategy and assumed that it works in all markets. Clearly this is a bull market strategy. I even said that you can't assume this will work in the future, and my back testing only went back one year, in a historical bull run. I'm guessing that if you reposition the strategy down to say a 35-40 delta, it would have a higher win rate in normal markets, but the payout will be smaller. But one thing is always certain no matter what, learn to read charts and trade accordingly. + +Edit 2: I'm running some more backtests now, and will post them here. The software only goes back 10 years, but that should be ample enough time to make your own judgements. + +10Y Backtest from Sept 2010 - Sept 2020, 513 Samples: A rough 2015-2016. + +https://preview.redd.it/f4npd19p4fn51.png?width=915&format=png&auto=webp&s=c3ce352a056a42e4fb0c333e88d117f8bd255efe + +5Y Backtest from Sept 2015 - Sept 2020, 256 Samples: Rocky start. + +https://preview.redd.it/4o7a5c475fn51.png?width=924&format=png&auto=webp&s=37bbae3486886bfadf861b5058d575cd9ec90be0 + +Now here's something a little different. I ran the same basic strategy, but this time I set the DTE for 30 days out. We're still trading this once a week on Wednesday, so you would basically have 4 simultaneous contracts running at the same time. + +10Y with new 30DTE strat: 17 bagger? + +https://preview.redd.it/2n77nsza6fn51.png?width=920&format=png&auto=webp&s=b15a52c37446be9816de88efec899d2263bb7fe6 + +5Y 30DTE Strat: A rough 2016, would you have traded in a bullish direction that year anyway? + +https://preview.redd.it/eesgbu1u6fn51.png?width=904&format=png&auto=webp&s=2a23115883e97ddf7cd83b1163ac77fa7bc4f498 + +2Y 30DTE: + +https://preview.redd.it/i4ny0pdr7fn51.png?width=922&format=png&auto=webp&s=9e27cab92479c6d8245e105a38c85bbe1b6955ce + +That's enough for now. +If you don’t mind me asking, I’m very curious 1) what age did you get married, and 2) were you fat/chubby FIRE before you met your significant other? + +I just don’t know how it’s possible to find love while working anymore, and how to know whether people love you for yourself or for your net worth. How did you find time to pursue both love and work? +Serious question. I have been seeing a lot of posts lately about people's current status with $500K, $1mm+, etc and how they got there over the last few weeks. The vast majority show a relatively small account balance through the 2008 market cycle with an account that is substantially higher now, having saved and invested copiously through a 9.5 year bull market. The S&P loss peak to trough was (iirc) 46% Nov 07-Mar 09 and took another close to four years to recover, to break even. That's a crushing hit if you are already retired early and living off your investments. + +I read somewhere that the average age on Reddit was late 20's, though I'd guess this group might be older. The optimism about investment growth rates continuing is very reminiscent of both '99 and '07. It seems most people likely haven't gone through a full market cycle, or at least not with real wealth yet. + + +I know of only one person in real life: he was a tech guy who made a ton 96-99, then cashed out when he got a bad feeling - even he admits he was absolutely lucky. But he's gone back to some work just for insurance for his kids. + +Back to my original question: Is there anybody here who truly FIREd and went through the negative market cycle? Not based on selling a company and getting ridiculously wealthy, but by living frugally and saving, who FIREd and did so through a negative cycle, and continued to do such? + +**Tuesday 1/19 EDIT:** + +Thank you to everyone for the advice, perspective, and commiseration. + +My credit union called me Monday to say that the debits were done via ACH, and they didn't appear to be a garnishment. + +I called the Wisconsin Department of Revenue this morning. They could not find the payments (nor any balances due) under my social; the EIN for my pass-through LLC tied to my social; or the EIN that I also had tied to my social for the nanny's taxes pre-pandemic. + +So, I just got off the phone with my credit union again, and they are starting the process of reversing the ACH debit, and putting an indefinite suspension on whatever account pulled those ACH debits. + +This is looking increasingly like fraud, but it seems there's still room for uncaught human error (on the part of my accountant, and/or the DOR) so it seems that reversing the debits will resolve the error short-term, and blocking the transactions will prevent any future errors from the accountant, as well as *stop the bleeding for (NOT resolve)* fraud concerns. + +My plan, given the above, is to start the process of opening new accounts and moving money and legitimate bill auto-payments to them. Once the reversal is finalized with my CU, I'll close that account. + +Not that it really matters, but there's also a very good chance we'll be shopping for a new accountant after tax season. Our tax situation no longer requires their payroll/tax services, and I'm still not 100% convinced that this wasn't a processing error caused by them (despite their insistence to the contrary.) It wouldn't be the first time they've dropped a big expensive ball, on our behalf. + +Thanks again to the PF community. You are all awesome humans. + +\----------------------------------- + +&#x200B; + +Hi all, I know this is a long shot, but I'm completely flabbergasted and hoping someone might be able to point me in the right direction. **TL;DR at the end.** :) + +Yesterday (Friday) I had 3 ACH withdrawals post to my checking account (which is with a credit union). They came from "WI DEPT REVENUE" in the amounts of -$600, -$2940, and -$3800, respectively. I will call the WI DOR on Tuesday, but I'm worried that the holiday weekend is going to complicate my ability to recover any of this if it was done in error. + +Now, I have/d a relationship with the WI DOR: My wife and I had a nanny in our home for a couple of years, and we used the WI My Tax Account system online to make withholding tax payments to the DOR for part of that. We also used an adjacent online system for WI DWD to make state UI payments. Part-way through that, we moved things over to have an accountant do the leg work for us, and submit payments with third payment access in those systems. + +BUT.... None of my online accounts, nor anything that the accountant can see (I got ahold of them between last night and now) shows that either of us submitted anything that should have triggered a payment or withdrawal to occur. We haven't actually had the nanny as an employee since early 2020 (because of the pandemic) so we've been filing $0 reports, and we haven't seen any correspondence indicating that we owe money to any state entity. I called my credit union, and they're going to scrutinize the origination of the withdrawals further, but the only other "safeguard" would have been to close my accounts and move money to a new account, which seems like a headache for the off-chance that there's a logical explanation as to why DOR took the money. + +I WILL be calling DOR on Tuesday. My best-case is that they realize a mistake, and promptly issue a refund. It's also remotely possible that they explain why I owed them that money, despite a total lack of advance notice. But I'm worried that they'll tell me they didn't take the money (whether or not they did) and then I'll be fighting with the bank to somehow reverse the charges or cover them as fraudulent. + +So, I have a couple of specific questions: + +&#x200B; + +* If the DOR says they don't know why the money was taken, what should I ask them to do? + * Can I request that they send me something in writing saying the money wasn't owed? + * (presumably so that I can hold the credit union accountable for handling it as fraud) +* In lieu of the above, are there any agencies I can invoke that can help put pressure on the DOR? +* Are there any other ways to check money owed to/taken by the state, in a case like this? + * Namely, a way to check online that wouldn't be hurt by the holiday weekend +* In case none of the above works out, if I have to convince my credit union this was fraudulent, are there any agencies that can help me keep timely pressure on my CU, if they initially tell me they can't do anything? + +**TL;DR:** Got 3 ACH withdrawals from my checking account totaling over $7000 yesterday, all from "WI DEPT REVENUE". Had a relationship with the DOR in the past, but neither I nor my accountant can see any balance owed or reason for the money taken. DOR is closed until Tuesday, want to get my ducks in a row (see questions above) to be ready on Tuesday, and/or to further plan for an uphill battle with my credit union about the withdrawals being fraudulent. +As I am proud of this community for doing DD and research on every information, the basic Strategy Never changes. + +Buy, Hold, Vote. + +No day trade, no stop loss, ape no fight ape. + +Remember this : Any post or idea giving a sense of urge, or of a massive rise then drop in price IS FUD. + +Be patient, wait peacefully, it is NOT over until citadel goes bankrupt. Not another HF, not price 5k, nothing. +FLOOR is higher than me after 10 blunts. + +Do your research, and be excellent. + +MOASS is inevitable, and 5000$ is NOT the “MOTHER of ALL short squeezes”. + +Let me emphasize once again : +Buy, Hold, Vote. +No day trade, no stop loss, ape no fight ape. + +Edit : thank you guys for the love and awards, be ready for their fuckery, and hold with your beautiful diamond hands + +Edit 2: fellows pointed the lack of explanation so here is my take : their point of a fake squeeze is to make you greedy thinking you can get more shares by selling @ the first “fake peak” to buy back and more when it goes down. It would be a valuable strategy for a legit stock, but since GME is heavily manipulated and fuckery is ahead of us, any selling order is a shit idea. A better option would be simply to buy and average down if it collapses after a small peak, but under no circumstances to sell at any point. The strategy is FAILPROOF and consists in sitting on your shares and waiting. It is a waiting game. The amount of DD is nice, the collective brainstorm and research is awesome, but in the end, as long as no one is selling, we win. +Also some of you may be tempted to sell when it hits a landmark, say if you are a 2X holder, and you aim for 1M, then your price is 50k/share…. BUT !!! If it hits this mark, it means we are right, so you could get 10M by waiting 500K, or 100M by waiting 5M/ share. The trick here is to always remember : SHORTS MUST COVER. And they have to cover as long as you don’t sell. +Now ask yourself this : you want half a million on your account, or you want to be set for life for generations ? If it goes up a to a nice amount (see 6900$/share for example), it means WE ARE RIGHT. And if we are right, it means stock WILL go higher. Hence the motto buy hold vote. No day trading. I hope it clarifies my standpoint. + +Edit 3 : for those of you that can’t read and messaging me about fake squeeze, I’m not speaking about fake squeeze incoming, I’m telling you pushing a “fake squeeze incoming” story is FUD +... at least not as it is being wrongly interpreted and disseminated by hundreds / thousands of apes. + +Let's go back to the GameStop Prospectus from June 9, 2021 or the one from April 5, 2021 or the one from December 8, 2020. + +June 9, 2021: https://news.gamestop.com/node/18961/html + +April 5, 2021: https://news.gamestop.com/node/18741/html + +December 8, 2021: https://news.gamestop.com/node/18351/html + +They all contain the following line: + +>If a depository for a series of securities is at any time unwilling, unable or ineligible to continue as depository and a successor depository is not appointed by us within 90 days, we will issue individual securities of such series in exchange for the global security representing such series of securities. In addition, we may, at any time and in our sole discretion, subject to any limitations described in the applicable prospectus supplement relating to such securities, determine not to have any securities of such series represented by one or more global securities and, in such event, will issue individual securities of such series in exchange for the global security or securities representing such series of securities. + +This is being wrongly interpreted that GameStop has the ability after 90 days to recall their shares from the depository, and everyone is assuming the depository in question is the DTCC. Everyone is *also* interpreting this as also applying to the dividend shares, but that has yet to be seen as we do not have the filing for the dividend yet. + +**What is the prospectus?** + +This document is the distribution contract (partly) to outline how GameStop intends to sell **at the market** shares into the system to raise capital. They will be doing this by issuing new shares in their global security and then handing them off to a market maker / broker (Jeffries) to handle the offering. Here is the line from the prospectus: + +>Shares of any series of preferred stock represented by depositary shares will be deposited under a separate deposit agreement, between us and a bank or trust company selected by us. We refer to this entity as a Preferred Stock Depositary + +For the most recent offering they used Jeffries, in the past they have used Citibank as the Depositary for the new share offering. + +So when they say they have 90 days to take the shares back and find a new Depository, they mean they can pull back the shares that **have not yet been sold**. So if they go to Jeffries and they say here are the shares, please handle the selling of them at market and Jeffries in unable or unwilling to do so under the terms of the contract, they can pull them back and issue them some other way within the 90 days. They are **not** saying they reserve the right to recall those shares from the DTC / DTCC **after** they have been sold. + +Here is the thing. GameStop announced on June 22, 2021 that the "at-the-market" offering was completed. + +https://news.gamestop.com/news-releases/news-release-details/gamestop-completes-market-equity-offering-program-0 + +That means those shares were handled correctly by their Depositary and were sold into the market. The 90 day whatever does not apply. The shares are gone, they were sold. + +GameStop unfortunately has no say over how shares are held, once they have been sold. + +**What about the dividend?** + +The prospectus applies to the offering of new shares. Not to the dividend. If there is a new prospectus filed, it may have completely different terms. What we are understanding or assuming is that Computershare will act as a Depositary of the dividend shares and will distribute them. If Computershare was unable or unwilling to distribute them then **maybe** GameStop could designate some other way to distribute them. **However** it appears there will not be any problem. Computershare can issue the dividend to the registered shareholders (including Cede & Co) without problem. + +Once the dividend is distributed, GameStop has no ability to take it back. There is no 90 day provision that grants them the ability to revoke property. Once it is out of GameStop's hands, it is no longer theirs unless Computershare decides they are unable to handle the dividend in it's entirety. + +You can read more about how the dividend will be handled by Computershare here: https://www.reddit.com/r/Superstonk/comments/vvamff/how_the_dividend_will_be_distributed_from/ + +TL;DR: There is no 90 day rule. It does not apply to shares that have already been sold or distributed. +You might be a bunch of retards with no qualification, but looking at the market you came up with a solid trade idea,aka making the shorts bleed, you somehow coordinated and you stuck with it even when it seemed like it could turn against you. + +It's pretty difficult to know how much impact this sub had on the actual catalysis of the short squeeze, but it's gotta be considerable. You demonstrated that this sub is a force to be reckoned with, and even if many boomers still do not acknowledge it, it's the truth. You didn't let them bully you into an exit. + +Just keep holding those shares, because you'll bankrupt them. +Hi friends, + +I'm not able to figure out why there is no simple way to update/modify my KYC. I'm trying hard since one month to get my name corrected in CVL records (it was not my mistake - submitted proof has correct name and details). + +I did everything below to no avail: + +1. Tried online KYC update on CAMS online and KFintech online - only new KYC can be done, not possible to do modifications. +2. Asked for help on Kuvera, Groww, MF Utility, ICICI Pru, Mirae Asset, SBI MF & Axis MF - all were pointing me to download a KYC form and submit in any of the POS/Service locations. +3. Visited ICICI Pru office and submitted the documents, but they rejected the same as my name is not matching with the proofs (same name but order of initial is different and spaces). I was told to get the below things done: + 1. Name change request form - attested by a Gazette officer/MP/MLA/Bank Manager (I'll call them **officers**) + 2. A letter on A4 requesting the change and reason - attested by **officers** and notarized + 3. ID proof, address proof, PAN copy - all attested by **officers** and notarized + 4. Bank passbook/statement - attested by bank manager with seal + 5. KYC modification form - duly filled and signed + 6. If the application is rejected, I will have to get a name change published in Govt. of India gazette, publish the same in local and national newspapers, and get the copies again attested by **officers** and notarized! + +All this for investing MY OWN MONEY! It feels like I'm trying to fraudulently claim someone else's property! I'm yet to start investing any money. I wanted to start investing after getting all the mistakes corrected in my KYC. + +Is this how it works with Mutual Fund investing? I have already lost the motivation to invest in MF! + +Experts, please help. +I have no income but last year I filled ITR 1 and put a combined sum of S & L TCG (around 10k) in income from other sources. My 26as showed nothing except bank interest. +Do I have to fill ITR 2 now to show and pay taxes for capital gains even though I have no income? +26as of this year still shows nothing but bank interest and dividend amounts. +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! + +Today, as I was halfway through my workout at the gym, I get a notification on my Android phone: "You have transferred 301 BTC to 1HJ3tECDZA4Zpgux1qK9AXKpRYZWjXXK4" + +Ugh. My entire savings gone. I put nearly every paycheck into buying bitcoins through Coinbase - not one of the early gpu miners =( + +I had used 2 factor authentication with Coinbase, but did not have it enabled for blockchain.info, where I had transferred the coins to. + +Not looking for pity, but hoping this serves as a warning to anyone not using cold storage or some level of 2 factor authentication for large amounts of BTC. I am also curious if I can find out how it happened. Malware on my Android phone or Macbook? + +* Screenshot: http://imgur.com/DNuUG83 +* Link: https://blockchain.info/tx/dbafa6c1225ef8d919369a82530a0708a09738eb8ce26ca4a7482b19f22dea11 + +EDIT: Signed message from my main address: http://brainwallet.org/#verify?vrMsg=C%27est%20la%20vie&vrSig=G8f8rRAcL9%2BPcTTvDLCJu2G%2B46%2Bym2mZVLxoPQK7CQEEavo8QybaQEYiKVKzk0wFIyP7vs9bJG%2FBr04zT%2FXtmeU%3D +Anyone ever have people happy when the crypto market takes a dip? When I arrived at work today there was a couple guys standing there with big smiles on their face. "Did you see what happened to your bitcoin over the weekend?" I sold my bitcoin awhile back but they don't know that. I just said "I sold all mine on Friday and bought back on Sunday" Which was true just not bitcoin but that was beside the point. Made my freaking day to see their smiles fade and hear their voices go monotone as they congratulated me. Why in the world would you be so happy if you thought someone lost a lot of money? It's not like I brag about it either they ask I answer that's it. +As the title said, BABA discovered a security flaw in Apeche Log4J and reported to the software developer (vendor). The CCP is pissed off because it wants to know about the flaw first. + +As the result, CCP pulled support for BABA cloud services for 6 months. + +The real reason: CCP wants to know about the flaw first so it can take advantage of the security hole. What a bunch of crooks. + +Edit: Source https://www.msn.com/en-xl/news/other/apache-log4j-bug-china-s-industry-ministry-pulls-support-from-alibaba-cloud-for-not-reporting-flaw-to-government-first/ar-AAS2Rht +So I'm 18 working part time while at uni. Been with Bendigo bank with a student account the whole time. The app is really basic and I've seen a lot of people signing the praises of UP bank? Is there a catch to it? Thanks :) +So I've been struggling with finances for a long time after having both no financial education given to me when I was younger and a habit of spending myself into stupid holes with crap I don't really need. With no one to guide me and bad habits coming back to bite frequently, I finally had enough. I've been listening to a lot of financial advice videos and podcasts (like Dave Ramsey among others) and have been getting my budget on track for the first time since... 2014, I think? It's been really helpful and I think I'm starting to make progress even if I'm not where I want to be long-term just yet. + +Over the last year from August '18 to now, I've accomplished the following: + +1. Bought a new (used) laptop that's much better to work with in school (as I am a college student) than my last laptop, and I paid cash for it (about $2,000 with side equipment). +2. Built up an emergency fund on my main bank account to $1,000, as that is Dave's "Baby Step 1" before tackling debts elsewhere. +3. Balanced all of my bank accounts so they have (at the time of writing this) at least $300 in savings each, and I'm putting a small amount back into each account every paycheck. I have 4 accounts and for the last several years, typically 2 of them were in overdraft at any given time, so this is a huge improvement. My goal is $1,000 in each account minimum. +4. Beginning to pay down my student loans while I'm still in college, and also beginning to pay down medical debts from six years ago (which I foolishly ignored and let double, so tackling those feels good). +5. Bought a used car for the first time ever instead of having one given to me; saved about two months for that and paid it off in full last month. About $1,200 plus registration fees, and it's very high fuel economy (Geo Metro) and is saving me money against what I used to drive. I pay about $40 per month in gas for it and I'm driving 50 miles a day. +6. Paying all my bills every month including renting an apartment with a friend (instead of living on campus on financial aid or in someone else's house); renter's insurance, car insurance, electric, groceries, etc. and still having enough left over to pay down the older bills I mentioned above. +7. Not spending as much money on frivolous stuff and keeping track of the miscellaneous things I do buy, making an effort to spend less and less each month on things I don't need and put the rest into savings. +8. Currently have enough to pay about 2.5 months' worth of straight bills if I remain conservative with what I spend. Not including separate savings I have which are education-specific (Pell Grant, Scholarships, AmeriCorps service award), I've got about $2,000 to my name outside the car, the laptop, everything I own, and the bills I'm working on. I haven't had anywhere close to $2,000 readily available in over five years and back then I wasn't paying my own bills, was living with family, and only ever reached about $5,500 after working two jobs with seven-day schedules for about 6 months straight, then I mistakenly blew that in about two or three months. So I'm not back to where I was just yet, but I'm still doing better overall and should surpass my goal in 2020 if I stay moving straight. + +This feels really good, guys. I know it sounds like I'm bragging and I apologize for that, but I just genuinely feel great about where I'm at for once. I work full-time while in school so I have very little free time, but it's starting to pay off. I don't use credit cards (both out of principle and because the medical debt shot my credit score, so oh well), and I'm only making $17.50/hr, but even that I'm grateful for as it's more I've made in other jobs I've had. I'm feeling like I might actually have hope for the future and be debt-free in a few years. It's a fantastic feeling. + +**EDIT:** This became more popular than I was expecting so I should add some additional info for clarification. I'm 25, and this progress has largely come about since I was 24, hence the mention of "over the last year". However, everything from the list (items 1-8 stating with the computer) has been from November '18 to now, and August was when I started college after a 6-year gap. This story starts further back in 2012 when my dad passed unexpectedly and not long afterward, I was homeless living in his car. He didn't teach me how to handle money properly; in fact, he was terrible with it and died in debt (which I had to pay off myself at 18) and he ruined a lucrative family business and stole money from his family years before, in essence teaching me what not to do instead of what to do. When he was gone I was on my own, moved in with an uncle who gave me a better example of how to handle money, and in 2014 I started saving up that $5,500 I mentioned with the hope of going back to school that much sooner. It didn't happen, I made a series of dumb decisions, and was homeless a second time. At that point I only had myself to blame, but after some medical crises I moved in with my mom, who is still alive but equally as bad with money as my dad was, and she also stole money from family albeit in a more indirect, morally ambiguous way. So between both of them, I had no guidance and no direction. I spent whatever little money I had from work on extravagances and learned to get by without saving for the future, which is a poor plan in just about every way. In early 2018 my mom was put under investigation for something unrelated and our family structure collapsed. She lost our house (not the first time, and dad had done the same thing years before) and it left me trying to pick up the pieces. For a second time I moved in with my uncle, this time determined to not let his generosity be in vain. After fucking around and accomplishing little over six years since leaving high school, I studied for the ACT and SAT in my hours outside of work, all the while paying for storage for my mom's things while she got her situation figured out. I drove 180 miles to the nearest ACT test facility last summer, got a score good enough to get into college with, and finally went back to school on a shoestring budget, knowing fully well the only way I would afford it was to work full-time throughout. From August '18 through now, that's exactly what I've done, as well as having incorporated a move to a cheaper school in another state to help stay within my budget and pay off bills. So I went from being homeless and dealing with my parents' poor decisions to where I'm at now, and I think that makes it all the better. +Tomorrow by 10 am EST the new margin requirements go into effect. As we know, they mentioned we will see a lot of margin calls coming. If this is all true then this week they played us with the run-up just to crush our spirits ( they keep trying but we buy the dips and hodl). If this is all true then tomorrow will be a very interesting day. If not, we continue to buy and hodl + +Edit: Grammar + links to the actual filing + +Edit 2: Adding links to the member's accounts + +NSCC is providing this notice to its Members of the implementation and effective date September 3, 2021. On the morning of the effective date, Members with a fund deposit below $250,000 will incur a deficit, that will require funding by 10 AM EST. + +https://www.dtcc.com/-/media/Files/pdf/2021/8/27/a9019.pdf + +There are about 3,400 accounts that will be affected. About $800+ mln will need to be put up tomorrow +https://www.dtcc.com/client-center/nscc-directories +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) +Let me start off by saying that Coinbase is all i use.. so i’m not trying to shill against coinbase. not sure why i torture myself but i do. + +So.. first we have the existence of Coinbase normal and Coinbase pro.. which is just a scheme to slap on extra fees to new crypto users. Which is bullshit but that’s not what drives me crazy + +Why in the absolute hell are you not able to see your profit and loss in coinbase? You have to download a third app, Cointracker, for the privilege of displaying two basic numbers. + +And that’s not the worst of it. So not only do you have an additional app dedicated solely to displaying your P/L…. THE APP ONLY SHOWS YOUR ENTIRE PORTFOLIOS PROFIT LOSS. You literally cannot view your P/L for each individual crypto. + +Ok fine. But Say you wanna check out the price history of a crypto before u buy? Sorry bro here at coinbase pro we only offer 1 minute, 5 minute, 15 minute, 1 H, 6H, and 1Day charts, no need to ever see past 1 day right? What the hell is that? But not to worry! Just keep Coinbase normal on your device and there we will offer you 1 month and 1 year charts. + +It’s batshit crazy to me that crypto is supposed to be on the forefront of technology and one of the biggest apps for purchasing it is built like a high school student made it for a last minute project + +EDIT: I just want to add that you guys defending coinbase are lame as hell 😂😂 These multibillion dollar companies don’t need you to defend them, they need to supply a decent damn product. To give an analogy ur the same type of people that if tomorrow Walmart decided to stop offering people shopping carts and people were pissed youd come to Walmart’s defense saying some dumb shit like “oh well i don’t do huge shopping trips so it doesn’t bother me much” or “you can just bring your own shopping cart” + +The point is that shopping carts are an integral part of grocery shopping in the same way that a P/L tracker is an integral part of any investment and it’s insane that a multi billion dollar company doesn’t offer that +Like the title says. I have three properties in Northwest Florida that I purchase cash. One of them is my primary residence that I’ve sunk about $20,000 in. The other two will be vacation rentals. I have estimated that I’ll need about $50,000 to complete renovations on all three properties. At the moment, I am only making some 1099 side income (no w2 job) and my "job" right now is focusing on the rehabs. Once complete, the two rentals should bring in money pretty quickly since I'm close to the beach. + +What is my best option for financing the 50k? Should I try to get a mortgage on my primary residence? A local credit union? Some type of investment loan? + +Edit: I would eventually like to expand to more units so that's why I'm looking for financing. I have zero mortgages now so I could easily get one in my primary if I just got a w2 job but I'm looking to see if there's other options. +Did getting good at programming as a Quant open any other programming doors for you? + +I haven't built a profitable bot but I've gotten pretty good at programming. I've gotten to the point where I can solve a complex problem by mindlessly coming up with a guess and tweaking it. The promise of getting rich with a bot really motivated me to learn and build a lot of things. It's as if I learned Mandarin or learned to become a master painter. I'm at a pretty high level I didn't think I would reach, if I can toot my own horn. + +Anyways, I'm thinking these software skills might be valuable, and beating the market might be too hard. What area of programming can you take bot building skills too? I know 'Data Science' is trendy, but I'm not really sure how neural nets are useful outside of making charts that seem to "confirm" your bias, though it seems new and interesting. Maybe there is new hardware or neural network architectures on the horizon that can give the individual mortals new powers. + +Is there anything adjacent to algo-trading you can take new found data processing and bot building skills to? +**GMO** published a great chart on four major U.S. equity bubbles and the Japanese equity bubble of the late 1980's. + +[https://www.gmo.com/europe/research-library/wounds-that-never-heal/](https://www.gmo.com/europe/research-library/wounds-that-never-heal/) + +The chart shows the damage done when the bubble bursts, and then tracks how long it subsequently takes an investor to climb back to a 6% real (after inflation) return. + +**It’s typically decades!** + +Even with the amazing returns U.S. stocks have delivered for the past ten years, **the S&P 500 Index has still not climbed out of the hole created by the tech bubble of 1999** (look at the red line). + +Bubbles inflict deep and cruel wounds, and it is right and prudent to avoid them, exploit them, or dance around them as best we can. + +Spare a thought for all the investors invested in overvalued and / or no profit or even a hope of a profit companies or funds. +Hello all! Today we are going to be taking a look at 5 different companies that I wanted to give an overview on since people liked the last one I did. First, I go through Revolve Group ($RVLV) which I have already done a video with, but I plan to sell another put if my original put expires worthless (The writeup can be found [here](https://joshsinvestmentideas.substack.com/p/selling-puts-on-revolve)). Second, I mentioned Teradyne Inc. ($TER) which I like from a financial perspective, but I need to understand how it fits in the ecosystem. Third, KLA Corp ($KLAC) has a large market share in the process control business and has had some great financials over the last 10 years. Fourth, Daily Journal Corp. ($DJCO) is a business that has a large investment portfolio along with a lot of off-balance sheet financials that are not currently being accounted for. Lastly, Micron is the value investor stronghold it seems, but I want to research more about this company and why it appears to be so cheap. This will be a quick high-level overview of each company. + +If you would like to watch my Youtube video explanation click [here](https://www.youtube.com/watch?v=fk3JV_7tVyI). + +If you would like the article with pictures click the Substack link [here](https://joshsinvestmentideas.substack.com/p/5-businesses-i-am-looking-at-currently). + +*Disclaimer:* I own Puts in RVLV and do not currently hold equity in any of the other companies at this time. Obviously, this is not financial advice and please make sure to do your own due diligence. + +**1.) Revolve ($RVLV)** + +* **Business Model (**[Model Screenshots](https://imgur.com/a/zFwHQKL) ) + * Essentially, Revolve Group is a luxury retailer for a primarily female demographic that utilizes social media and data-driven inventory control to maintain costs while getting consumers exactly the attire they want. Revolve and their premier brand FWRD are heavily reliant on events, festivals, and large concerts which obviously were put on hold all 2020. Since then, especially in 2021 & 2022, they have come back in full swing with events opening up around the globe which has allowed them to finally build out a healthy balance sheet and drive profit on the bottom line.  +* **Explain the Developments and Risks** + * Active customers, orders, placed, and average order value are all trending in the right direction, but please be wary that a lot of it is driven by stimulus checks and spending. What I pay attention to the most is customer retention and customer loyalty to RVLV since recurring buys mean recurring revenue for Revolve. “Existing customers typically place more orders annually than new customers and at higher average order values, resulting in existing customers representing approximately 76% of orders and approximately 77% of net sales in 2021, up from 74% of orders and 76% of net sales in 2020 and 57% of orders and 58% of net sales in 2014, again having increased in each year.” [2021 10K Page 62](https://d18rn0p25nwr6d.cloudfront.net/CIK-0001746618/ec0094a3-e391-4af9-99c4-23518886e422.pdf) [Operating Metrics Screenshots](https://imgur.com/a/kM4xacD) + * A risk I see is that a lot of their growth post-2019 came from the increase in stimulus checks and income that people had. Revolve had an awesome end of 2020 through Q1 2022 as far as revenue is concerned along with some increasing gross margin. A lot of the sales were made due to everything opening back up at the same time, festivals/events coming back, and of course stimulus checks. While I do not think they will start losing sales in the near term, it is possible we see a slow down due to inflationary pressure, recession fears, and overall consumer spending habits. + * One thing I do love about their management (the CO-CEOs) is their ability to navigate the last few years and while the short term of the business was unknown they decided to forego any salary. Now they did this because they own half of the outstanding shares which meant if the business performed then they would make money on the backend. I love that they operate as not just CEOs getting paid handsomely, but they also view this as their business to grow. +* **Valuation Metrics** + * Average ROIC is bouncing between 25% - 35% over the last 4 years + * PE - 21.36 [PE Screenshot](https://imgur.com/a/9OPgBxH) + * Forward PE is around 21.69 + * EV/EBITDA = \~15.77 +* **Am I buying or researching** + * I currently have sold puts on this company and if you would like to read more about my position I put out an article [here](https://joshsinvestmentideas.substack.com/p/selling-puts-on-revolve). + +&#x200B; + +**2.) Teradyne ($TER)** + +* **Business Model** [Model Screenshots](https://imgur.com/a/Y3yg2rJ) +* **Explain the Developments and Risks** + * Risk: The market for our test products is concentrated with a limited number of significant customers accounting for a substantial portion of the purchases of test equipment. A few customers drive significant demand for our products both through direct sales and sales to the customer’s supply partners. We expect that sales of our test products will continue to be concentrated with a limited number of significant customers for the foreseeable future.  [Revenue allocation screenshot](https://imgur.com/a/sdRydME) + * Because of the nature of their business, they are subject to international trade impacts such as tariffs. + * “We enter 2022 with strong long-term test and automation demand trends in place and we’ve increased the mid-point of the revenue and non-GAAP earnings per share estimates in our 2024 earnings model to $4.9 billion and $8.00 respectively. However, in 2022, we expect a slower technology transition in one of our major end markets to result in lower System-on-a Chip test demand for Teradyne before accelerating again during the ramp of 3nm production in 2023. In Industrial Automation, we expect high growth to continue in 2022 on the strength of favorable global economic trends and the powerful value our automation products provide to customers.” + * “We delivered first quarter results ahead of the midpoint of our January outlook as we successfully resolved some short-term supply constraints at Universal Robots,” said Teradyne President and CEO Mark Jagiela. “Entering the second quarter, the demand environment in test has incrementally improved from our January outlook with particular strength in automotive and Flash memory end markets. In Industrial Automation, both cobot demand at Universal Robots and autonomous mobile robot demand at MiR remain strong and we expect the revenue growth rate to accelerate through the year. From a supply perspective, we continue to encounter material constraints in most product areas and our wider than normal Q2 guidance range reflects those supply challenges.”  + * Teradyne’s Board of Directors declared a 10% increase in the quarterly cash dividend to $0.11 per share, payable on March 18, 2022 to shareholders of record as of the close of business on February 18, 2022. The company also expects to repurchase a minimum of $750 million of its common stock in 2022. They repurchased $201 million in Q1 2022. +* **Valuation Metrics** + * Average ROIC is bouncing between 10% - 20% over the last 5 years, but it has a very high cyclicality + * PE - 18.74 [PE Screenshot](https://imgur.com/a/Q2jeIDr) + * Forward PE is around 20.75 + * EV/EBITDA = \~12.15 + * Repurchasing about 1% of their market cap. + * **“Teradyne’s Board of Directors declared a 10% increase in the quarterly cash dividend to $0.11 per share, payable on March 18, 2022, to shareholders of record as of the close of business on February 18, 2022. The company also expects to repurchase a minimum of $750 million of its common stock in 2022.“** *They repurchased $201 million in Q1 2022.* +* **Am I buying or researching** + * Still researching! I am trying to read up on other companies in the semi-cap space along with Teradyne to see where it fits in the value chain of the semiconductor industry. + +&#x200B; + +**3.) KLA Corp ($KLAC)** + +* **Business Model** [Business Model Screenshot](https://imgur.com/a/Wy5409A) +* **Explain the Developments and Risks** + * The increase in semiconductor needs and complexity will benefit companies like KLA Corp over the long term especially because they have such a large market share in the process control segment. Their machines last for years and years, but once they install/deliver their machine they can begin making money through services.  + * A risk is that they are willing to take on a little more leverage to finance pieces of the business as well as give back to shareholders. They seem to historically manage debt well, but upping the leverage is definitely something I want to point out. + * It has a lot of geographic diversification in its sales which can be good or bad depending on how you view us selling products to Chinese companies. [Revenue Breakout Screenshot](https://imgur.com/a/fUuTVvn) + * KLA announced a new $6 Billion Share Repurchase Authorization, including approximately $3 billion Accelerated Share Repurchase (ASR) to be completed over the next 3-6 months, with the remaining amount to be repurchased over the next 12-18 months, subject to market conditions. They also announced a 24% increase in the quarterly dividend level to $1.30 per share from $1.05, the 13th consecutive annual dividend increase for KLA. Since its inception in 2006, KLA has grown the quarterly dividend level at an approximately 15% compounded annual growth rate. [Stock Repurchase Screenshot](https://imgur.com/a/k9P6t6f) +* **Valuation Metrics** + * Average ROIC is bouncing between 15% - 25% over the last 10 years + * PE - 21.46 [PE Screenshot](https://imgur.com/a/g5qe5v9) + * Forward PE is around 14.73 + * EV/EBITDA = \~13.79 + * Repurchasing about 12% of their market cap. + * **“the Company is announcing authorization from the Board of Directors to repurchase up to $6 billion of the Company's common stock. Management expects to transact this share repurchase authorization in the form of an Accelerated Share Repurchase of approximately $3 billion to be completed over the next 3-6 months, with the remaining amount to be repurchased over the next 12-18 months. This is in addition to the existing share repurchase authorization, which had $699 million remaining as of March 31, 2022.“** +* **Am I buying or researching** + * I would like to get in around the $280 mark, but I am still researching this company to see if it may be worth paying a premium over another company in the same space. I think I need to understand process control and metrology more to make long-term judgments. More research! + +&#x200B; + +**4.) Daily Journal Corp ($DJCO)** + +* **Business Model** + * The Newspaper Publication - This newspaper focuses on legal news and documentation, but has been slowly dwindling down since 2008. They sell advertisement spots in their newspaper. [Publication Screenshot](https://imgur.com/a/KDNMz7s) + * Investment Portfolio - This is not the full portfolio because they own some foreign companies like BYD that do not show up here and the management does not typically disclose foreign investments if they don’t need to. Munger currently runs the portfolio, but they will need to pick someone else when he leaves. [13F Screenshot](https://imgur.com/a/I7wLiPF) + * Journal Technologies - This is a court case management SAAS company that has a lot of off-balance sheets financial due to the way its business model is structured. [Journal Technologies Products Screenshot](https://imgur.com/a/C9DmcM6) +* **Explain the Developments and Risks** + * The investment portfolio creates a floor in the valuation because at a certain point you are essentially just investing in the stock portfolio while getting the journal technologies and publication business for “free.” Now obviously, it isn’t that simple because you need to understand the investments, but I like their portfolio and am interested to see who runs it in the future.  + * Journal Technologies has a lot of sales that have gone through the RFP process but have not made it onto the revenue category because they wait to bill until the system is completely online. This will ramp up a system that is going to be very hard and costly to switch off of, but will allow courts to interface with each other much better. They do not have a one-model solution that can cause some issues, but they tailor the software to the needs of the courts. Also, the software is used internationally as well as all over the United States. + * A risk I currently see is that the management is very old and there have been complaints about the work culture by many employees who think there needs to be a change in direction work-culture wise. This can tank companies and I am working to understand the issues more currently. + * Journal Technologies may not see some revenue from its initial RFP process until 5 - 7 years later depending on the bureaucracy it has to handle which could mean a delay in sales. This can act as a moat once Journal Tech makes it through the whole process because many companies do not want to stick that out. + * Their big competitor currently and who holds the largest market share is Tyler Technologies according to Charlie Munger. +* **Valuation Metrics** + * Average ROIC is bouncing between 3% - 5% over the last 10 years + * PE - 18.53 [PE Screenshot](https://imgur.com/a/c0ElvMb) + * Forward PE is around N/A + * EV/EBITDA = \~3.01 +* **Am I buying or researching** + * I have been watching a lot of research from Guy Spier and Matthew Peterson on this because I think there is tremendous opportunity here. I just need to understand the Journal Technology side of the business. + +&#x200B; + +**5.) Micron ($MU)** + +* **Business Model** + * They sell memory and other semi-products. [Business Model Screenshot](https://imgur.com/a/O551pWP) +* **Explain the Developments and Risks** + * They expect DRAM and NAND to continue on their growth trajectory as many other users of memory begin upgrading their systems and products. [DRAM and NAND TAM Screenshot](https://imgur.com/a/7fu5eUB) + * In a lot of areas, Micron is one of the market share leaders in an industry where there are only really 3 big players Samsung, SK Hynix, and Micron (DRAM and NAND tech). [Tech Leadership Screenshot](https://imgur.com/a/nk7DJG4) + * The memory industry is very cyclical and has had significant downturns which is why Micron looks cheap now, but it may really be selling for a higher earnings multiple after we see the next few quarters play out. +* **Valuation Metrics** + * Average ROIC is bouncing between 5% - 20% over the last 10 years. + * PE - 7 [PE Screenshot](https://imgur.com/a/QiGTyka) + * Forward PE is around 8.66 + * EV/EBITDA = \~3.61 +* **Am I buying or researching** + * I just began researching this company. + +Many liked this on the last go around so I wanted to do it again. I would love to add to positions in my portfolio as well but didn't want to rehash some of the positions I have already written on. +Does anyone suggest buying caterpillar at these valuations? I would love to own shares of the company but it hasn’t shown itself as a good buying opportunity in a year. After looking at the companies financials I’m confused as to why the valuation is skyrocketing with current revenues and profits declining over the last 5 years. Am I missing something about the companies future expectations? I know the infrastructure bill might send it higher but that wasn’t a thing until recently. +I read an article that many capital allocators stay clear from dividends because they are less tax efficient. First, at the corporate level, company's are taxed on their earnings, then income tax must be paid on the dividends. But how are share buybacks any different? Are they not also double taxed, at the corporation level then in the form of capital gains? Could someone please flesh out the tax benefits and inefficiencies of both and how they are generally perceived by investors? +**Disclaimer:** I own 1 share in $MO as I felt I could not write a DD without owning *at least* 1 share. I do not smoke and generally avoid smokers but previously invested in Philip Morris (NYSE: $PM) - I am in favour for investors who wish to profit from tobacco companies. + +I am not a financial advisor, and this is not financial advice – this piece has been written to educate, invoke thought and discussion within the subreddit. Please do your own research/DD before making any investment and remember that any money invested into the stock market is at risk of loss. + +**TLDR: A long term buy option with a stable dividend, if you have the stomach for the very high debt/equity level. Possible upside of 63% + 8% yielding dividend over 2023. There are risks of increasing lawsuits and delays to the progress of cannabis legalisation.** + +Altria Group, Inc is one of the largest producers of tobacco and alternative smokable products in the world. The Company's segments include ***smokable products, smokeless/oral products, and wine***. There are a number of subsidiary companies, service companies and strategic investments which can be seen below. I won't be going through the subsidiary's: + +[https://www.altria.com/en/about-altria/our-companies](https://www.altria.com/en/about-altria/our-companies) + +Altria continues to push their long term strategy into alternative smokable products, with the vision of the company set to transition further into non-combustible products and strategic movements into the growing, legalized cannabis market. + +&#x200B; + +**1.** **Financials:** + +At this point in time, I am pleasantly surprised with Altria’s numbers, they have managed to maintain growth in both of their high margin segments. I am not concerned with the decline in Wine as it a smaller piece of the business and during 2020 there was a $292 million inventory write off and $100 million in estimated losses on future non-cancellable grape purchase commitments. This was also coupled with $19 million for inventory disposal costs and other charges associated with the wine business strategic reset. + +OCI margins have remained strong, and an increase in margin for Smokable products has been a key driver for the Group's largest source of revenue. As a indicator of continued strength through the pandemic, $MO have accelerated investment into their 10 year vision and expect to deliver 3% to 6% growth in adjusted diluted EPS in 2021. A $2Bn share repurchase plan is also in place which is expected to be completed by June 30th, 2022. + +[https://investor.altria.com/press-releases/news-details/2021/Altria-Reports-2020-Fourth-Quarter-and-Full-Year-Results-Provides-2021-Full-Year-Earnings-Guidance-Announces-New-2-Billion-Share-Repurchase-Program/default.aspx](https://investor.altria.com/press-releases/news-details/2021/Altria-Reports-2020-Fourth-Quarter-and-Full-Year-Results-Provides-2021-Full-Year-Earnings-Guidance-Announces-New-2-Billion-Share-Repurchase-Program/default.aspx) + +&#x200B; + +|$ in millions, Net Revenues (net of excise taxes)|**Full Year 2019**|**Full Year 2020**|Change| +|:-|:-|:-|:-| +|Smokable Products|$16,830|$17,927|6.5%| +|Oral Tobacco Products|$2,240|$2,403|7.3%| +|Wine|$668|$595|\-10.9%| +|Other|$54|\-$84|\-100%| +|Total|$19,792|$20,841|5.3%| + +&#x200B; + +|$ in millions, Adjusted Other Comprehensive Income|**Full Year 2019**|**Full Year 2020**|Change| +|:-|:-|:-|:-| +|Smokable Products|$9,173|$10,111|10.2%| +|Oral Tobacco Products|$1,606|$1,724|7.3%| +|Wine|$73|$51|\-30.1%| +|Other|\-$282|\-$715|\-100%+| +|Total|$10,570|$11,171|5.7%| + +&#x200B; + +|Adjusted OCI Margins|**Full Year 2019**|**Full Year 2020**|Change| +|:-|:-|:-|:-| +|Smokable Products|54.5%|56.4%|1.9%| +|Oral Tobacco Products|71.7%|71.7%|0.0%| +|Wine|10.9%|8.6%|\-2.3%| + +&#x200B; + +**2.** **Strategic investments:** + +In 2016, $MO obtained a 10.2% ownership of Anheuser-Busch InBev (ABI) which at the time paid a dividend that had been a useful injection of cashflow. However, the 2019 final dividend was halved, and the 2020 interim dividend was waived as ABI struggled through the pandemic. The price has crashed from its 2016 high of 117 EUR to 52 EUR today. Altria has a 1 quarter lag in the results for ABI. + +80% interest in Helix Innovations LLC who distribute the *on!* Nicotine pouches which are a tobacco-free version of snus. In Q4 of 2021, Helix have expanded their distribution to an additional 22,000 stores for a total of 78,000 – this is an increase of 5x from the end of 2019. + +$12.8bn investment into JUUL Labs, Inc., representing a 35% economic interest which is ***non-controlling***. Altria are actually restricted from selling or transferring their shares in JUUL until December 20, 2024. This actually represents quite a heavy risk to Altria, if the FDA continues to take hard-line approaches against E-cigarettes and flavoured cigarettes, then a complete loss of investment is possible. + +45% equity stake in Cronos Group Inc in December 2018 which amounted to $1.863Bn USD or \~$2.4Bn CAD @ $16.25 CAD/share, Altria also has a warrant to purchase another 10% of Cronos at $19 CAD a share. At this point in time, the Cronos stake has just returned back into profitability with the share priced at a value of $19.77/share. It has since dropped down to $15.39 CAD a share a day after I finished writing this. Altria has a 1 quarter lag in the results for Cronos. + +I believe that in the long-term, the investment in Cronos will definitely be recoupable with the growth in cannabis markets and increasing de-regulation. In terms of ABI, it is at a stage where it can be considered as a value investment, however Altria’s price per share is ***VERY*** ***HIGH***. In 2020, losses from Altria’s investment in ABI included net pre-tax charges of $763 million, for full-year 2019 equity earnings from ABI included net pre-tax income of $394 million. + +&#x200B; + +**3.** **Valuation via DCF's:** + +There are 2 DCF’s for today. + +**Conservative case:** + +Numbers in 1000’s, 10th February + +Enterprise Value $132,030,211 + +Shares Outstanding 1,858,366 + +Current Value $43.55 + +Upside $27.50 + +Intrinsic Value $71.05 + +Assumptions: 10% market return, 2.5% perpetual growth, WACC 5.72%, risk free rate 1.14%. + +**Bull case:** + +Numbers in 1000’s, 10th February + +Enterprise Value $192,921,845 + +Shares Outstanding 1,858,366 + +Current Value $43.55 + +Upside $60.26 + +Intrinsic Value $103.81 + +Assumptions: 10% market return, 2.5% perpetual growth, WACC 5.81%, risk free rate 1.14%. + +The difference for the values between the 2 cases are due to an increased net income margin and FCF/Net income ratio. For both cases, I placed little value on 2019’s results due to the JUUL impairment charges which I decided were a one-off case as the value of the investment has now fallen. In the conservative case I placed less value on the high margins for 2017-2018 and predicted a similar margin for 2021-3. In the bull case I ignored any of my attempts to downplay results and completed the DCF as I would with any company. This highlights one of the key arguments against DCF valuation, how any analyst could enter numbers to “fix” the result, however I do believe my conservative case remains accurate and the real intrinsic value is between the two outputs. + +&#x200B; + +**4.** **The Dividend:** + +12 years of consecutive growth in the dividend, with a 3 year growth rate of 34%. The yield is now pushing close to 8%, with $MO targeting a pay-out ratio of around 80% EPS which has remained very consistent even with the flat revenue over 2017-2019. I believe the dividend will remain stable as the company continues to target an 80% pay-out ratio. + +&#x200B; + +**5.** **Strengths & Tobacco usage stats:** + +The majority of retail stores in which tobacco products are sold e.g. convenience stores, have been deemed to be essential businesses by authorities and remain open. The Marlboro's brand's market share of the total cigarette category fell by 0.3% but still remains at a very high 43.0%. The mix of Oral tobacco products (Copenhagen, Skoal and others) fell in the retail market share by 2.7% but still remained as 49.8% of the total retail share. In December, the U.S. Food and Drug Administration (FDA) authorized the *IQOS* 3 device for sale in the U.S, with plans to begin expanding further distribution by Philip Morris USA. + +Around 14% of US adults currently smoke cigarettes in 2019 according to a CDC survey, which accounts for over 34 million adults. + +[https://www.cdc.gov/tobacco/data\_statistics/fact\_sheets/adult\_data/cig\_smoking/index.htm](https://www.cdc.gov/tobacco/data_statistics/fact_sheets/adult_data/cig_smoking/index.htm) + +Worldwide vaping sales reached $15.7 billion in 2018 and they are expected to reach $40 billion by 2023. (The Lancet, 2019) + +There will be an estimated 55 million e-cigarette users worldwide by 2021. (Euromonitor, 2018) + +20% of Americans ages 18 to 29 use vape products, compared with 16% of those ages 30 to 64, and fewer than 0.5% among those 65 and older. (Gallup, 2018) This is a key future market which will help tie in cannabis sales to the millennial and gen z markets once legalisation becomes widespread. + +Grand view research sees the US tobacco market increasing year on year in sales with a CAGR rate of 1.8% through to 2028. + +[https://www.grandviewresearch.com/industry-analysis/tobacco-market](https://www.grandviewresearch.com/industry-analysis/tobacco-market) + +ONS survey in Great Britain suggests that those who are unemployed are more likely to smoke. As the pandemic eases and the safety nets in place are removed from the public sector in various countries, there is a likelihood of job losses. Coupled with stimulus checks I believe we will see an increase in smoking taken up by low income workers/the unemployed, especially in the US. + +[https://www.ons.gov.uk/peoplepopulationandcommunity/healthandsocialcare/healthandlifeexpectancies/bulletins/adultsmokinghabitsingreatbritain/2019](https://www.ons.gov.uk/peoplepopulationandcommunity/healthandsocialcare/healthandlifeexpectancies/bulletins/adultsmokinghabitsingreatbritain/2019) + +&#x200B; + +**6.** **Weaknesses** + +ESG + +This is a company that has sold 103Bn smokable products, 819.6M oral tobacco products and 7.3M cases of wine. Investors and activists (similar to O&G) will increase measures, litigation and campaigns to force change into biodegradable packaging and smoking habits. + +Debt + +Debt to equity ratio in December 2020 rose to 10.38x which is alarmingly high, the next closest in this market would be Imperial Brands (LON: £IMB) with a ratio of 2.45x. This increase is more alarming when compared to the average D/E ratio for $MO which is around 3.2x. A solid level would be around 1.0-1.5x. This is countered by a reasonable net debt to EBITDA ratio of 2.2x and EBIT/interest expense ratio at an acceptable ratio of 6.63x. + +Investments + +There is a growing possibility that the investment made into JUUL could fail or worse saddle more debt onto the company via lawsuits. A worsening pandemic and little chances of bars/clubs opening up is terrible for ABI who have increased debt and been unable to properly deleverage. + +&#x200B; + +**TLDR: A long term buy option with a stable dividend, if you have the stomach for the very high debt/equity level. Possible upside of 63% + 8% yielding dividend over 2023. There are risks of increasing lawsuits and delays to the progress of cannabis legalisation.** + +**Disclaimer:** I own 1 share in $MO as I felt I could not write a DD without owning at least 1 share. I do not smoke and generally avoid smokers but previously invested in Philip Morris – I am in favour of investors profiting from tobacco companies. I am not a financial advisor, and this is not financial advice – this piece has been written to educate, invoke thought and discussion within the subreddit. Please do your own research/DD before making any investment and remember that any money invested into the stock market is at risk of loss. +Who is genuinely excited to see this price action. + +I'm sure a lot of newer investors here might truly be questioning their investment, thinking, "these people are just saying that to make themselves feel better" or "they wouldn't really hold" or "they call it a discount or a sale, but really they wish we weren't dropping"... + +NO. + +Seriously, I do not know how to make sure people understand this, and many of you already do, but to anyone questioning our resolve, I *do not* care what happens to the price! It's honestly just exciting to watch it move. Because, with all of the duckery, all of the manipulation, I know *something* is moving the price, and *I know* that it's not ME. I am the foundation of this company, along with thousands of other investors directly registering shares, booking them, and holding them. *They* and myself have a knife to the throat of corruption. I love it here, and I love the volatility, I even love the sideways daze of yore. I love it all, because this is *my* protest, this is *our* investment. Happy almost new year, friends. +Guten Tag to this global band of Apes! 👋🦍 + +DST begins this weekend in Germany, so today is the final day of shortened and later-than-usual updates. + +Apes, this week is almost certainly the week that will be looked back upon as the final turning point in this movement before the MOASS. The energy of this week is infectious, and has reignited much interest from the other investing subs and beyond. Ryan Cohen's direct attacks against the predators that have feasted upon many other companies is invigorating. His renewed commitment in the form of owning *more* of GME set off a wave that will travel far. + +The speed with which the broader GME community revealed the deep connections between BCG, Citadel, and dozens of other companies that have been their victims was staggering. It is clear that BCG has bitten off way more than they could have possibly imagined. They may have thought that the news of a pending lawsuit would wipe some wind out of the sails, given that short selling isn't working anymore. They didn't expect the Apes to rise up and challenge their superiority complex, rededicating ourselves to this company and further hardening our Diamantenhände. + +With so many options contracts in play at the moment, there will be many watching the price action today. The difference of a few dollars up or down could mean a fatal gamma squeeze for the SHFs. The borrow rate has been leaping higher and higher all week - will the Shorts be able to attack hard enough to suppress the price? Will Apes DRSing their shares cause enough forced buy-in to resist them? + +As we look to the German markets to perhaps lend some clues, I once again would like to thank you all for coming here and sharing in this global movement. The sense of unity that many of us gain by seeing how this movement spans the world is what makes HODLing possible for many. Thank you for being part of it. + +Today is Friday, March 25th, and you know what that means! Join other apes around the world to watch infrequent updates from the German markets! + +###🚀 Buckle Up! 🚀 +*** + + +- 🟥 60 minutes in: **$140.82 / 128,28 €** *(volume: 3691)* +- 🟩 55 minutes in: $141.70 / 129,07 € *(volume: 3206)* +- 🟩 50 minutes in: $141.66 / 129,04 € *(volume: 3204)* +- 🟩 45 minutes in: $140.83 / 128,29 € *(volume: 2502)* +- 🟥 40 minutes in: $140.67 / 128,14 € *(volume: 2488)* +- 🟩 35 minutes in: $140.71 / 128,18 € *(volume: 2373)* +- 🟥 30 minutes in: $140.67 / 128,14 € *(volume: 2332)* +- 🟥 25 minutes in: $141.12 / 128,55 € *(volume: 2187)* +- 🟥 20 minutes in: $141.15 / 128,57 € *(volume: 2093)* +- 🟥 15 minutes in: $141.25 / 128,66 € *(volume: 2067)* +- 🟥 10 minutes in: $141.95 / 129,30 € *(volume: 1469)* +- 🟥 5 minutes in: $142.11 / 129,45 € *(volume: 1071)* +- 🟥 0 minutes in: $142.18 / 129,51 € *(volume: 918)* +- 🟩 US close price: $142.39 / 129,70 € *($142.65 / 129,94 € after-hours)* + + +*** +FAQ: I'm capturing current price and volume data from German exchanges and converting to USD. Today's euro -> USD conversion ratio is 1.0978. I programmed a tool that assists me in fetching this data and updating the post. If you'd like to check current prices directly, you can check [Lang & Schwarz](https://www.ls-tc.de/de/aktie/gamestop-aktie) or [TradeGate](https://www.tradegate.de/orderbuch.php?isin=US36467W1099) + +Diamantenhände isn't simply a thread on Superstonk, it's a community that gathers daily to represent the many corners of this world who love this stock. Many thanks to the originator of the series, DerGurkenraspler, who we wish well. We all love seeing the energy that people represent their varied homelands. Show your flags, share some culture, and unite around GME! +Tell me why I wouldn’t accumulate as many contracts as possible on stocks / etfs I like and sell covered calls (Robinhood - 95% chance of profit and higher). Use the premiums to purchase underlying… rinse and repeat until premiums cover living expenses. + +Thoughts? +Seems like everything is mighty green in this slowly CONSTANTLY rising market. + +&#x200B; + +How bad did it hurt in the barbarian times of Covid-19 fear? +I’ve sold an iron condor on spy and my call 396 got assigned. +If ibkr would have taken the difference I would have lost like 20$ of gains. Instead it automatically shorted 100 spy. Which is a much greater risk. + +Is there a way to avoid that in the future ? Or should I just close the position before expiration? + +Cheers! +Hi all, I am a (very soon to be) new grad doctor starting my first permanent full time job next January. I'm looking for guidance to help educate myself about finances, savings, super annuation etc so I have a clear financial plan for when I start earning. + +Backstory is currently have no real savings (about 1.5k in the bank), living off of Ausstudy while I finish uni. Previously I've had casual and part time jobs in retail, hospitality and academic circles however spent what I earnt through uni years. + +I do have some super with UniSuper. + +I have a hecs debt of approx 50k from both my degrees and extra student grants for overseas study thanks to supportive family. I'm also studying for a masters degree part time too, which I will complete in the next 18 months or so. + +Next year I will be earning 70k+, considerably more than I've ever earnt and 5x my current youth allowance, which I've been able to live on pretty well. + +I want to avoid a significant lifestyle creep next year so am hoping to establish a financial plan for the first 6 months of work and then take it from there. + +My current plan/thoughts +- make a budget +- establish emergency savings of $10k +- consolidate super annuation accounts into one +- ?extra super annuation contributions (are there any matched payments or incentives?) +- reduce taxable income through uni course fees, recent flights for clinical placements +- leave Hecs to take care of itself, no sense in paying it off sooner +- learn more about investment types - start to establish a share portfolio? + +I dont anticipate purchasing a house in the next few years as I will be required to move a bit for work, however would like to take advantage of any government programs where possible. I've heard you can withdraw money from super for a first home deposit and that there are some benefits to doing this. + +As you can tell I have a lot of financial learning to do, plus general adulting. Any advice or guidance would be greatly appreciated! +I'm a uni student who makes around 20k per year. I usually put about 7k in stocks per year (since I live at home and my expenses are low) but my mates tell me the government matches what you put in your super if you make less than a certain amount. + +Is this still the case for me and what are the prerequisites for that to happen. Is it as simple as putting money in my super or do I have to apply for something? +Great summary of AMP chief economists revised outlook on Aus property. He is good, because he moves his views as new data is released. + + +https://www.amp.com.au/insights/grow-my-wealth/australian-house-prices-falling?extcmp=BAU-scl-fb-bau-sitelink-sohp- +A little bit of background first. + +I'm a 22 y/o male living with my girlfriend in an apartment about 25 mins from Pittsburgh. I just graduated with my master's degree last summer, and started my full time job in September. My salary is $50k/year and receive bi-monthly paychecks of about $1,450. After all of my bills and necessary expenses I have about $100 - $200 leftover to save / invest per pay. I have a 401k which contributes about $155 per pay period (including match). + +What kinds of things should I be doing to start wealth building early? Where should I be putting my money? Any tips or advice on anything related are welcome. +One of my parents is 68, lives in Virginia and will receive $100k in inheritance. They don’t receive much from social security monthly, live month to month with no debt, rent and are Medicare abcd and Medicaid. Looking at meeting with financial advisor to avoid any mistakes. Ultimately the inheritance would be there as a financial cushion for any medical costs as they age and to possibly invest until later needed. Researching and it looks like they’ll pay $2k- $5k for a one time financial plan. Any recommendations on next steps or things to avoid doing? Edited to add details. +Looking for advice on my roth portfolio. I am 21 and was planning on setting it up as follows: + +VTI - %30 + +SPYG- %30 + +SCHD - %20 + +DGRO - %10 + +SCHY - %10 + +Should I add or change any of the holdings and should I change the percentages? +See [spreadsheet](https://docs.google.com/spreadsheets/d/1DMrgu1lZ9GUgwIq6P5XBy6Q9tRkTZOUZjwjVExT71rw/edit#gid=0) + +I would love to get this group’s advice on setting up a real estate debt snowball for my portfolio. I’m at the point where I don’t want to purchase any additional properties, but I’m still a couple of years away from retirement so my W2 income can cover our bills. Fortunately, my real estate portfolio is throwing off some fairly nice cash flow ($7k-$8k/month). I could put it in the stock market, but I really don’t want to increase my stock exposure right now. So I thought about a debt snowball, but not sure how to set the right prioritization criteria. The fundamental trade-off is duration vs interest rate. I have a few loans with long-term durations (20-yr to 30-yr terms), but many with short-term durations (5 years). The rates are actually pretty good ranging from 3.5% to 5.5%. It seems crazy to pay off 3.5% money though. I also have a line of credit that cuts across several properties. It could make sense to pay that off because the payment will decrease, but again that is 4.168% money. + +All the properties I want to keep long term and are performing well. Properties #1-#3 and #27 are my appreciation plays which means it is only break even cash flow. The rest of the properties cash flow quite nicely. I could pay off those properties, but each one of them have 20-yr fixed rate loans. + +I’m also a little concerned that when I retire in a couple of years, it may be difficult to refi the 5-yr loans. My income would be around $150k/year and I should have $3m in liquid assets. + +I did calculate a faux “cash-on-cash” return calculation in the spreadsheet. This basically takes the annual mortgage payment and divides by the mortgage balance. The thinking is if I deploy $x funds to payoff the loan balance I get $y amount in additional “cash flow”. + +Anyway, any advice would be appreciated. Thx +We are really torn on a decision, and would love some thoughts from people who've gone through a similar one. There are a lot of threads on this topic, but not from people who already retired. + +**Decision:** Whether to upgrade to a house that just came on the market. + +**Context:** + +HCOL city. \~20mm NW, already FIREd. 13% NW tied up in housing (main house and a cheap vacation house). + +Current house: great for us but has no view and is dated. New house has an amazing unblockable view, significantly larger than our current house, has much better outdoor areas for the child, and has a much higher finish level. It's also \~2x the price of our current. + +**Question 1**: At \~20mm NW and retired, is it crazy to tie up 24% of NW in real estate? (and the commensurate amount to cover increased property taxes and upkeep). At a 3% SWR and post-tax, it would cut our annual discretionary spending (buying random things, vacations) from 150k to 65k. We have 1 young child, so the alternative way to spend the excess would be travel while they are not in school yet. + +**Question 2**: For people who've lived both in houses with great views and houses without - does the view eventually become 'baseline', or do you continue to get enjoyment from the view years later? I am really worried about the hedonic treadmill here. Would you rather a great view from most rooms in the house, or an extra 85k/y discretionary spending while looking at your neighbor's house? +I'm not from the USA. + +I was offered a job as a Forex trader/broker. Specifically, in retention. The position is offshore (I don't want to give out too many details) and the starting pay (without any commissions) is very high. They also pay for flights, housing, car, and health insurance. Sounds like a dream. +The only catch is that I have no experience working in Forex, the stock market, call centers or sales in general. +The entire training is a week. + +The big money is made by commissions from deposits and trades of clients. The salaries can be really impressive. + +Having lack of training and the speed it all progresses (Had an interview today and they want to send me there in two weeks) makes me feel a bit uncomfortable. Anyone has any experience working in a place like that? +Hi all, + +Obviously I am new in the forex world 😅 + +I struggle to understand what's the difference between CFD and spread betting accounts. Can anyone please explain it to me, but very slowly and with very basic words? + +I know you don't pay taxes on SB and that you basically bet on the movements, okay, but what makes peopls say you tend to lose more on it? ...don't you basically act the same on CFD and SB? I'm so confused. +Hey there traders. What does your target look like. And what size account are you using + +Me I'm trading with a 10k account and aim for about 40 a day. If I see a definitive trade after 40 I'd take maybe one or two more, but then I stop, regardless if I have been busy for 1 minute or ten hours. My job allows me to glance at my trading portfolio, so I do have some "free time" during the day but try to only set up really good indicating once during this time. Granted I have only been busy with a real account for the last 20 days but so far I have been able to make 30 a day if you avg it out +For F&O intraday as well as positional trading, what documents should I keep with myself, to maintain book of account, filing Income tax return and as evidence for future audit ? Asking as an individual investor. +Hi guys. + +Long time lurker, first time poster. I'm interested in if anybody can point me towards a resource, ideally a paper or something at least leaning towards academic, that provides some kind of independent validation of Piketty's claim that the rate of return on capital exceeds economic growth. + +So far I've only been able to find resources that are either journalistic or that cite Piketty alone. + +Any ideas where to look, or even how to search more effectively? Currently, I'm only using Google, probably quite inefficiently. + +Thanks in advance! + +Edit: I'm worried that I have not been very clear ('validation' seems vague), I'm looking for either separate research which corroborates his own or some kind of convincing second opinion on the research in Piketty's book. That said, anything that you think relevant to what I'm looking for would be much appreciated. +https://www.propublica.org/article/the-secret-irs-files-trove-of-never-before-seen-records-reveal-how-the-wealthiest-avoid-income-tax + +ProPublica made the argument that the wealthiest Americans don't pay enough taxes relative to their unrealized gains. + +If the US government implemented policies to "fix" this by introducing a 20% tax on unrealized gains, how distortive would that be? +With Japan and the EU maintaining negative interest rates, but not reaching the expected effect since economic growth is still slowing down or below expected measures, what impact will this have on the global economy? +Now I'm studying science economic in my university, And I study programming alone at home. + +and wondering how can I combine these two areas, please Give me some ideas and advice. +I'm planning on doing a PhD in Economics in 2020 (currently doing a Research Masters) + +What field(s) of economics do you think will become the next big thing? +Just getting started in algo trading and playing around with some trivial strategies using technical indicators to generate entry signals on 5 minute forex charts. + +I'd be keen to hear what kind of success rates the more experienced traders here have achieved with their algos? + +After running quite a few backtests and tuning various parameters I am currently aiming for an avg. 40-45% chance of making a profit with a trade, i.e. this is where my system should more or less consistently generate a profit. + +Ludicrous? Achievable? +Thank you apes for tuning in. Hope you're well. Thought I'd share some of my findings on FICC's new filling yesterday that involve Steven Cohen, an illegal short seller and founder of Point72 known to be short on our beloved GME stonk. + +# FICC filled yesterday “GOV1211-22” +- *Point72 Associates II,LLC* will be a sponsored member of the Government Securities Division - They will be sponsored by Citigroup Global Markets Inc +- [source](https://www.dtcc.com/-/media/Files/pdf/2022/1/13/GOV1211-22PDF.PDF) + +# Who’s *Point72 Associates II, LLC*? +- Cayman Island Hedge Fund (Fund ID #: 805-5623715601) +- Gross AUM ~721 million (unknown date) +- [source](https://whalewisdom.com/filer/point72-asset-management-lp#tabadv_ownership_tab_link) + +# Any data on *Point72 Associates II, LLC*? +- Yes, [KCL Capital LP Form ADV filing](https://reports.adviserinfo.sec.gov/reports/ADV/290055/PDF/290055.pdf) +- FYI, this SEC form explains the purpose of each section of a [Form ADV form](https://www.sec.gov/about/forms/formadv-instructions.pdf) +- KCL Capital LP is a hedge fund with an AUM of $1.05 Billion as of 2021-03-29 – [source](https://whalewisdom.com/filer/kcl-capital-lp#tabadv_ownership_tab_link) +- In this KCL Capital LP filing, they report a lot of juicy stuff + - The main private fund they advise is a “master fund” called *KCL Capital Master Fund, LP* + - Two private funds fund this master fund: **KCL Capital Fund, LP** and **KCL Capital Offshore fund, LTD**. The latter is located in the Cayman Islands. + - This master fund is a *hedge fund* with a AUM of $656,975,482 + - Interestingly, 46% of fund is owned by by **non-US persons** + - Marketers: Shorebridge Capital Securities, LLC, which is a registered broker-dealer with the SEC – [source](https://files.brokercheck.finra.org/crs_269991.pdf) + - [ShoreBridge Capital Securities is the same entity as ShoreBridge Capital Management](https://reports.adviserinfo.sec.gov/reports/ADV/290660/PDF/290660.pdf), which the latter serve as advisors to both **ShoreBridge Point72 Select, LLC (AUM $136.8 million as of 2018-02-28)** and **ShoreBridge Point72 Select, LTD (AUM $557.4 million as of 2018-02-28)** + - Therefore, KCL Capital LP hedge fund advises ShoreBridge Capital which advises ShoreBridge Point72 Select + - There’s still more + - KCL Capital hedge fund advises 3 other private funds, and surprise surprise, they’re all hedge funds… + - [Crestline summit master, SPC – PEAK SP](https://aum13f.com/fund/crestline-summit-master-spc-peak-sp) – hedge fund with an AUM of ~$2.4 Billion + - [MAP 229, A Segregated Portfolio of LMA SPC](https://aum13f.com/fund/map-229-a-segregated-portfolio-of-lma-spc) – hedge fund with with AUM of ~$110 Billion + - [Point72 Associates II, LLC](https://aum13f.com/fund/point72-associates-ii-llc) – hedge fund with AUM of ~$650 Million at least at time of reporting + - All of these hedge funds involve custodians and brokers including big names like Goldman Sachs & Co. LLC, JP Morgan Securities LLC, and Morgan Stanley & Co. LLC, Merril Lynch Professional Clearing Corp, The Northern Trust International Banking Corporation, Citigroup Global Markets Inc, Credit Suisse Securities USA LLC, Barclays Capital Inc, Bank of America National Association, UBS Securities LLC, The Bank of New York Mellon Corp, and Morgan Stanley Capital Services LLC + +# TLDR – Yesterday the FICC approved the sponsorship of Steven Cohen’s hedge fund *Point72 Associates II, LLC* sponsored by *Citigroup Global Markets Inc.*. This hedge fund has an AUM of $721 Million is advised by KCL Capital LP (AUM of $656 million), which is another master hedge fund that also serves as advisors to various large hedge funds that amount to an AUM of at least $110 Billion and includes at least two other Point72 hedge funds (i.e. ShoreBridge Point72 Select, LLC and ShoreBridge Point72 Select, LTD). All the aforementioned hedge funds involve custodians and broker-dealers known to be short of GME. + +# **Buy, Hodl, DRS, be kind** +I have a CPA quoting me $10-15k for tax planning. My wife and I are W-2 employees. He's offering helping us get into tax favored investment strategies that should save us at least $100k in taxes every year. He mentioned conservation easements and solar investments as examples. It seems like a pretty steep fee and thats our main hesitancy so wanted to see if that like the standard cost for something like this. +I am absolutely livid. + + +Instead of cancelling a fraudulent order immediately, I had to file a case and wait 2 WEEKS for them to look at it. By then, of course, the package had already shipped and arrived so they’re saying it was delivered and are refusing a refund. I have the address it was shipped to and it’s in OHIO. I’m in Utah. I’ve contacted my Bank who have refunded the money and are looking into it but this is so ridiculous. Is there anything else I can do? +I see post daily about losing control of emotions and not following trading rules. +This is just plain stupid and it will end your trading career. +Things sometimes go to shit and you don't know what to do. + + +Luckily there is an easy solution. +When things are not going as planned or you don't know what to do or what is going on. +CLOSE THE DAMNED POSITION. + + +If you do not know what to do or what is going to happen why keep the trade? + + +Maybe you will miss out on some gains. +But in the long run this will benefit you. +[re-posting after removing some personal identity info] + +I am tech person in the bay area at ~3M NW, starting to make $1-1.5M per year through my job. I have no other side business, no property (renting still), and most of my investments are in a mix of stocks, 401K, RSUs, etc. + +Over the last few years, I've been paying a large tax bill (as expected) and generally have had little to no ways to save on them. In 2021, I sold some RSU which further grew my tax bill a ton, only for 2022 be a down year leading me to utilize margin line/PAL to stomach the tax bill. + +I'm interested in ways I can reduce some of my tax bill. I assume if I had invested in a house then I'd save some tax via mortgage, etc, but I also am generally hesitant in investing in real-estate as part of my FIRE strategy coz RE is less liquid and requires more maintenance, etc. + +I assume there are strategies to manage the tax bill for my situation and goals. Are there resources fatFires would suggest I check out? Should i be connecting with CPA/wealth management professional for advice? +Originally sourced by u/inverseyourself + +You heard what I said. On or around June 10th. I wouldn't be saying this unless I was 100% sure. Edit: Confirmed June 11th. + +This is because they said it themselves on their 10-K filed in March. First, go here: https://news.gamestop.com/static-files/55a92a3e-144e-4d2b-8ee6-930db9045593. + +This is their 10-K. Now, go to page 40. Now, look at the asterisk connected to Item 40 of the 10-K. + +ITEM 14. PRINCIPAL ACCOUNTANT FEES AND SERVICES\ ** The information not otherwise provided herein that is required by Items 10, 11, 12, 13 and 14 will be set forth in the definitive proxy statement relating to our 2021 Annual Meeting of Stockholders to be held on or around June 10, 2021 which is to be filed with the SEC pursuant to Regulation 14A under the Securities Exchange Act of 1934, as amended. This definitive proxy statement relates to a meeting of stockholders involving the election of directors and the portions therefrom required to be set forth in this Form 10-K by Items 10, 11, 12, 13 and 14 are incorporated herein by reference pursuant to General Instruction G(3) to Form 10-K. + +Did GameStop just drop one of the most important dates for this short squeeze event in an obscure footnote at the end of their 10-K? Yes. They didn't even mention it in the beginning. In fact, most of their 10-K eludes to the "Annual Shareholders Meeting" without putting a date at all. + +Last year, it was June 12th. See: https://news.gamestop.com/news-releases/news-release-details/gamestop-reports-preliminary-voting-results-annual-meeting. This year, it's June 11th. See https://www.reuters.com/companies/GME.N/events . + +So, what does this mean? Hm, no idea. But I know that a share recall last year by some of the biggest shareholders led to GameStop going from $2.50 to almost $16 a few months down. You know, the thingy where shorts were covering their shorts! + +Last year, GameStop gave until April 20th for shareholders to count themselves as voters, i.e. the "record date." What that means is that brokerages had around two weeks to find all these shares being called back -- i.e. recalled. This explains the massive ramp up in volume prior to this date! + +Now, we all talk about this amorphous Texas law people are discussing in relation to the record date. First, a record date is simply the date by which voters qualify to vote if they actually own the shares i.e. not lent out. Second, what exactly is this Texas law? A few of you are saying that Texas law requires at least 60 days prior notice for the record date. A few others are saying SEC regs require 60 days for a share recall. NO. Guys, I call BS. I think both statements are wrong. LET'S CLEAR THE AIR: + +Here's the actual Texas statute, the Texas Business Organizations Code: + +Sec. 21.357. RECORD DATE FOR PURPOSE OF SHAREHOLDERS' MEETING. The record date for the purpose of determining shareholders entitled to notice of or to vote at a shareholders' meeting or any adjournment of the meeting, as provided by the directors in accordance with Section 6.101, must be at least 10 days before the date of the shareholders' meeting. + +See here: https://statutes.capitol.texas.gov/Docs/BO/htm/BO.21.htm + +Texas law actually says NOTHING about notice for this record date or a share recall. Rather, all it says is that the record date must be set AT LEAST 10 days BEFORE the annual shareholder's meeting. That's all, got it?! So let me repeat, the record date simply needs to be at least ten days prior to the shareholder's meeting. OK, in English: the record date where YOU need to have YOUR shares in YOUR legal possession to vote MUST BE AT LEAST TEN DAYS BEFORE the annual shareholder's meeting. + +Now onto notice. Last year, GameStop gave around 60 + days notice for the record date prior to the meeting. I know this because Justin Dopierla (DOMO dude) wrote about this date in his article on April 6, 2020, talking about the record date on April 20, 2020, for a shareholders meeting set on June 12, 2020. His brokerage basically on that day told him about the record date. We're right about that time now. Now, I'd link this article, but my DD yesterday was removed so many times, I'm not going to bother put it here. + +For more confirmation, I'm pretty sure I'm right about this. A corporate law firm wrote about this procedure in a handbook of theirs: + +III. SETTING THE RECORD DATE All state corporate statutes allow for the use of a record date to establish the persons eligible for notice of and voting at an annual meeting, whether as an alternative to or replacement of the closing of shareholder records for some time prior to the annual meeting. State corporate law generally allows the record date to be fixed in the bylaws of the company or established by a resolution of the board of directors. In addition, the record date must generally be no more than, nor fewer than, a fixed number of days before the date of the annual meeting. For example, under Delaware corporate law, the record date must be no more than 60, nor fewer than ten, days before the meeting date. See DGCL Section 213. Companies typically establish a record date far enough in advance to allow sufficient time for the solicitation of proxies prior to the meeting. Federal proxy rules require that companies contact institutional record holders at least 20 business days prior to the record date of the annual meeting to inquire whether other persons are the beneficial owners of the company’s securities and the number of proxies and other soliciting material to supply to the record holder for such beneficial owners. See Rule 14a-13 of Regulation 14A. In February 2015, the NYSE amended its rules on the solicitation of proxies through member organizations, as set forth in Section 402.05 of the NYSE Listed Company Manual, to make clear that companies or others soliciting proxy materials through brokers must comply with Rule 14a-13 of Regulation 14A. + +Source: https://www.lw.com/thoughtLeadership/LW-annual-meeting-handbook + +Now, I'm sure a share recall, which is what folks are MOST interested in, follows soon after (keep in mind this is discretionary; but if they find it important to vote this year, they will). However, I think this procedure is going to be in GameStop's bylaws. If someone can find it, that'd be nice. These bylaws are released in tandem for the shareholders meeting, I believe. Edit: Found the bylaws but they don't mention. Probably just up to shareholders when they get notice of the record date. + +Here's a good example of Coca Cola's for their 2015 annual shareholder's meeting that actually discusses a recall procedure: + +A person’s ownership of shares shall be deemed to continue during any period in which (i) the person has loaned such shares, provided that the person has the power to recall such loaned shares on three (3) business days’ notice; or (ii) the person has delegated any voting power by means of a proxy, power of attorney or other instrument or arrangement that is revocable at any time by the person. The terms “owned,” “owning” and other variations of the word “own” shall have correlative meanings. Whether outstanding shares of the capital stock of the Company are “owned” + +Source: https://www.sec.gov/Archives/edgar/data/21344/000002134415000034/exhibit32.htm + +Let's bring this together. A record date to be announced soon -- with a possible recall (at the discretion of HUGE shareholders) -- with the stock hovering around $191, and the world's eyes on it, it may be a little more say, interesting this time? + +Disclaimer: not financial or legal advice. ape on a computer. + +Edit 1: June 11th confirmed. Thanks, fellow Apes. https://www.reuters.com/companies/GME.N/events . + +Edit 2: GameStop's bylaws found: + +This section discusses notice of the meeting to investors: + +SECTION 4. Notice of Meetings. Except as otherwise may be required by law, notice of each meeting of stockholders, whether an Annual Meeting or a special meeting, shall be in writing, shall state the purpose or purposes of the meeting, the place, date and hour of the meeting and, unless it is an Annual Meeting, shall indicate that the notice is being issued by or at the direction of the person or persons calling the meeting, and a copy thereof shall be delivered personally or sent by mail, facsimile transmission or e-mail, not less than 10 or more than 60 days before the date of said meeting, to each stockholder entitled to vote at such meeting. If mailed or delivered by facsimile number or e-mail, such notice shall be directed to such stockholder at his mailing address, facsimile number or e-mail address, as applicable, as it appears on the stock records of the Corporation, unless he shall have filed with the Secretary of the Corporation a written request that notices to him be mailed or delivered by facsimile transmission or e-mail to some other mailing address, facsimile number or e-mail address, as applicable, in which case it shall be directed to him at such other mailing address, facsimile number or e-mail address, as applicable. Notice of an adjourned meeting need not be given if the time and place to which the meeting is to be adjourned was announced at the meeting at which the adjournment was taken, unless (i) the adjournment is for more than 30 days, or (ii) the Board shall fix a new record date for such adjourned meeting after the adjournment. + +https://news.gamestop.com/node/14021/html + +Does not discuss recall procedure. + +Edit 3: GameStop's record date procedure: + +SECTION 4. Record Date. In order that the Corporation may determine the stockholders entitled to notice of or to vote at any meeting of stockholders, or to receive payment of any dividend or other distribution or allotment of any rights or to exercise any rights in respect of any change, conversion or exchange of stock or for the purpose of any other lawful action, the Board may fix a record date, which record date shall not precede the date on which the resolution fixing the record date is adopted and which record date shall not be more than sixty (60) nor less than ten (10) days before the date of any meeting of stockholders, nor more than sixty (60) days prior to the time for such other action as hereinbefore described; provided, however, that if no record date is fixed by the Board, the record date for determining stockholders entitled to notice of or to vote at a meeting of stockholders shall be at the close of business on the day next preceding the day on which notice is given or, if notice is waived, at the close of business on the day next preceding the day on which the meeting is held, and, for determining stockholders entitled to receive payment of any dividend or other distribution or allotment of rights or to exercise any rights of change, conversion or exchange of stock or for any other purpose, the record date shall be at the close of business on the day on which the Board adopts a resolution relating thereto. + +https://news.gamestop.com/node/14021/html + +Edit 4: Great explanation of voting rights when shares are shorted: + +Depending on who has the shares during the record date, that person gets the voting right. So if the loaned-out shares are not returned to the original owner by the record date, they do not get voting rights, only the investor that bought the shares when they were loaned out from an investor's margin account for the short sale does. Again, this is part of the margin account agreement. + +https://www.investopedia.com/ask/answers/05/shortsalevotingrights.asp + +Edit 5: Good article on why last year Vanguard, Blackrock and Fidelity chose not to recall their shares, because it was better for their investors to lend rather than to recall. Maybe that will change? + +The main reason for the disparity is that BlackRock Inc., Vanguard Group and Fidelity Investments chose to loan out substantial GameStop shares for the rich stream of fees their investors stood to gain, according to people with knowledge of the matter. Firms from Dimensional Fund Advisors to State Street Global Advisors made similar choices to give up their full voting power. + +https://www.wsj.com/articles/how-investing-giants-gave-away-voting-power-ahead-of-a-shareholder-fight-11591793863 + +Example of how huge shareholders decide whether to recall or not, re Blackrock: + +With regard to the relationship between securities lending and proxy voting, BlackRock’s approach is driven by our clients’ economic interests. The decision whether to recall securities on loan to vote is based on a formal analysis of the revenue producing value to clients of loans, against the assessed economic value of casting votes. Generally, we expect that the likely economic value to clients of casting votes would be less than the securities lending income, either because, in our assessment, the resolutions being voted on will not have significant economic consequences or because the outcome would not be affected by BlackRock recalling loaned securities in order to vote. BlackRock also may, in our discretion, determine that the value of voting outweighs the cost of recalling shares, and thus recall shares to vote in that instance. + +Cannot link source - perma-bans the post because it's from alpha. + +Edit 6: Getting a few comments that I want to address + +1. Few of you are saying this is old news. In fact, the top trending posts on this matter still seem to not know the exact date of the shareholder's meeting. To that end, I'm finally clearing up that confusion once and for all. Thus, I believe this brings value. +2. I'm posting a date. Yes. Stop freaking out. This is a fact-based date. Whether or not anything happens is anyone's guess. That is absolutely not going to stop me from sharing fact-based info. And frankly, I think there's tremendous value. Here's why. GameStop is undergoing an incredible transformation. Imagine you had a twenty percent stake in GameStop. GameStop is electing new people to their leadership team. Wouldn't YOU want a say as a massive stakeholder for this very promising future? Perhaps, it is your fiduciary duty to act within the best interests of the investors of your fund, which, by then would mean voting?! Mind you, a fiduciary duty is a LEGAL duty to act reasonably within the best interests of the parties you're beholden to. Investment funds have a fiduciary duty to their investors. No question. That means this is an obligation, not a choice. If said act is within the best interests of your fiduciaries (here, the investors of said fund), you should do said act. Remember Vinny from the Big Short telling Mark to sell because they had a fiduciary duty? Perhaps in other years, the funds didn't give a damn. They were making so much money from lending, it made no sense to do so. Now, it seems different. +3. For the wrinkle-brained of you, you may be getting what I am insinuating. I am arguing that it may be actually a fiduciary duty to vote. With lending rates so low, it is no longer profitable for the investors to have the funds continue their prior model. Rather, said fiduciary duty demands these funds to recall shares and ensure GameStop has a bright future for the investors. Hey, they might blow this opportunity off. But this is my argument. +4. More ramblings: honestly, if you are a hedge fund short on this, what the hell were you thinking? I'm pretty sure hedge funds thought by this time around GameStop would be filing Chapter 11, so there would be no risk of share recall. I'm not going to roast them for that. That was an educated short play based on the fundamentals. But, I mean, think about it, if they shorted this knowing the true SI, a recall would be a death knell. I'm guessing they read GameStop's abysmal earnings reports during COVID and thought there was no chance GameStop was going to come out alive -- let alone for things to turn out like this. If they filed for bankruptcy, they wouldn't have to return the shares they borrowed. The problem is even after GameStop rose, they continued to short it. That was definitely just ego and likely their gravest error in all of this. Rather than placing a stop-loss, they just continued to play games. It may be that this is biggest royal fuck up in Wall Street history. If I am right, then their shorts are like puts, they have an expiration in April. These are just ramblings! +A month ago I was calling psychiatrists to schedule an appointment and one of them got "concerned" and called an ambulance and sent them to my house because she thought I was going to hurt myself and didnt want to lose her doctors license. The EMTs told me that if I didn't go with them that they would force me to and if you tell somehow you have a plan to kill yourself you "lose your rights" +So now they billed me $749.60 for the ambulance that I never wanted or needed and expect it paid by april 14th. I have no insurance and do not feel like I should have to pay them for it. If I ignore it, are debt collectors going to come for me? And will my credit score start to decline if I dont? Should I be worried? +As the debt is now coming due, and Kennith Griffin is probably desperate to find a counterparty to onboard his fucking market crashing sized crime bag. I have been asked to update a previous DD I made in hopes other apes can add more now. Please share this and comment anything you find relevant. + +7 4 1 and the huge bag of illegal naked synthetic shorts. + +I found a document filed by Dreyfus Florida Municipal Money Market Fund in 2007 + +https://www.sec.gov/Archives/edgar/data/911746/000091174607000015/form-741.htm + +Form 741 as described by this ape - https://www.reddit.com/r/Superstonk/comments/q8cf95/sec_form_741/?utm_medium=android_app&utm_source=share + +At the bottom of this form, it mentions some of the securities do not need to to be registered inder the 1933 Act... + +"Securities exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in   transactions exempt from registration, normally to qualified institutional buyers. At August 31, 2007, these securities   amounted to $44,315,000 or 16.3% of net assets. " + +That sound familiar? Because I only want to hear from candidates who want to WORK (Slack) lawsuit on selling unregistered shares! Holy shit! That's what RC is hinting to us! Slack is being sued for exactly this!!! + +https://www.reddit.com/r/Superstonk/comments/qdb2g7/shout_out_to_wrinkly_brains_about_that_sec_form/?utm_medium=android_app&utm_source=share + +The Dreyfus name rang a bell...So I dug a little bit deeper. + +Guess who owns that fund? + +BNY Mellon + +https://im.bnymellon.com/us/en/ + +Guess who clears Kennys trades? +Guess who holds the "Brazilian Puts" +Guess what fund Goldman had to bail out to prevent dominos. Dreyfus + +Goldman also has a bunch of Dreyfus in their company +https://www.google.com/amp/s/ca.wallmine.com/people/65605/maria-s-dreyfus.amp + +Again + +https://www.linkedin.com/in/daniel-dreyfus-b65554209 + +Daniel has a history with Goldman before heading over to 3G Capital in Brazil 👀👀👀 Those Brazilian puts looking real sexy huh Daniel? +3G Capital is a Brazilian-American multibillion-dollar investment firm + +https://www.privateequityinternational.com/3g-capital-quietly-hires-goldman-executive/ + +Goldman also showing evidence of being in bed with Mellon/Dreyfus when shit was getting real - https://www.reddit.com/r/Superstonk/comments/q50q3j/was_bny_mellon_taken_over_by_goldman_from_the/?utm_medium=android_app&utm_source=share + +Im sure you can all find how intertwined this name is at Goldman. Be helpful to get more eyes here + +Because Fidelity fucked with apes today, good to know whos been breathing down Fidelitys neck for shares to borrow - “Fidelity uses an unaffiliated securities lending agent, **Goldman Sachs**, for its equity funds.” + +Since 2017 this is the likely the fund used to naked short GME to oblivion, likely others too. But one eerie point stood out to me 741 - I shit you not. go look for yourself. 741B + +BNY Mellon's Dreyfus Corporation serves as the investment manager of the fund, and MBSC Securities Corporation, a wholly owned subsidiary of Dreyfus, serves as the fund's distributor. The fund is sub-advised by Pareto Investment Management Limited, an affiliate of Dreyfus and a wholly-owned subsidiary of Insight Investment Management Limited ("Insight" or "Insight Investment"), a BNY Mellon investment boutique with $741 billion under management globally2. + +https://markets.businessinsider.com/news/stocks/bny-mellon-investment-management-launches-multi-asset-fund-1001909081 + +Found some compelling evidence from DFV. yeah thats right. Look at the dates vs gme share price, whats her name? Why would she be relieved? + +https://mobile.twitter.com/TheRoaringKitty/status/1405258938543742976?s=20 + +https://mobile.twitter.com/TheRoaringKitty/status/1405204944471445505?s=20 + + +And then Daves tweet below, pushed me to Seinfeld again.... https://www.reddit.com/r/Superstonk/comments/q87vjy/what_do_the_numbers_mean_mason/?utm_medium=android_app&utm_source=share + +Dave almost instantly deleted this tweet. Dave never deletes tweets....🚨🚨🚨 Look at the title of the post. Look at the format of the tweet! "whats the deal" ... remind you of a certain sitcom? Notice what Tungsten is on the PTE 74(1) + +I believe I have found out who is colluding with Kenny and Co to hide, recycle, and naked short GME via deep options and dirty swaps. This is the entity spoken about but not named in this recent DD - https://threader.app/thread/1441157342045749253 + +Im now getting very confident about this, and a huge bag of these puts expires tomorrow as per the briefly visible Bloomberg Terminal 150 puts showed. T+35 puts us exactly at the absolute end of this wedge End of Nov. to end of dec. + + DFV tweeting twice Elaine Dreyfus relieved and wanting to move on.. just after our spike to 350ish... yeah there is something here. I think Dreyfus fund, that holds alot of celebrities' money, is about to get rekt. I see you Michael Jordan 👀 + +A recent Burry tweet #GMESQUEEZE shows a sheet with Merrill Lynch shorting into GME buyback to avoid being squeezed. Merrill.... are you connected to this toxic Dreyfus bag.... didnt take long to find that answer. + +A look into Dreyfus has uncovered some dark shit. But noteable names be showing up on page 55 of their Mutual Fund Disclosure in 2008! Oh hello Merril Lynch and every other bad actor garbage shit fund... + +Merrill Lynch, HSBC, Leeman, Credit Suisse. 2008 never ended...just got kicked. + +https://www.google.com/url?sa=t&source=web&rct=j&url=https://www.sec.gov/Archives/edgar/data/30160/000003016008000005/dmmi485.pdf&ved=2ahUKEwjzvrjywcvzAhUfknIEHWC5A48QFnoECA8QAQ&usg=AOvVaw0kR-5Ewsv8BhZihy0Diti1 + +and on page 56 we have a link to dreyfus.com +who is the manager of the fund right. Do me a favor visit dreyfus.com + +Where does it redirect.... BNY Mellon + +Oh buddy, I have found the counterparty who took the bad bet from Kenny and co. + +Look at BNY Mellons Dreyfus CUSIP number, familiar? + https://im.bnymellon.com/us/en/individual/funds/05587K741 +Edit: Since my original DD, they have killed this link 👀 +But use a CUSIP lookup - 05587K741 +Edit 2: Banker ape looked up the CUSIP and noted that it was originally different changed on 06/03/2019 "The original cusip was 86271F768. It was called Strategic FDS INC or Dreyfus INTL STCK-1 FUND" + +Kenny onboarding Sr execs from Mellon to work this problem internally + +https://www.reddit.com/r/Superstonk/comments/r5u5w8/kenneth_griffin_hired_the_vice_president_of_bny/?utm_medium=android_app&utm_source=share + +Do you see what Im saying here? Look into Dreyfus and you shall find the trail to Kenny. Looking forward to other wrinkles getting their heads around this. +Long term annualized return for SP500 with dividend reinvested from 1957 to 2019 is 10% before adjusting inflation and 6.3% after adjusting inflation. It can be 99% passive. + +For rental property investing, you need to do a lot of work, buy a good deal, have good tenants, responsible for maintenance and repair. For all this work the annualized return should be well above 10% for it to make sense. + +How much yearly return would you consider "good" for your rental property? + + +[This is the official $GME Megathread for r\/Superstonk.](https://preview.redd.it/gzy9yfftoov71.png?width=778&format=png&auto=webp&s=7ce125aa2d7455f994d74a4192f1a04b7d14448c) + +**Please keep ALL conversations contained to Gamestop and directly related topics.** + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Brand new to the sub? Start here! + +***You must read the*** [***Superstonk Rules***](https://www.reddit.com/r/Superstonk/wiki/index/rules) ***before commenting or posting on*** [***r/Superstonk***](https://www.reddit.com/r/Superstonk/)*.* + +https://preview.redd.it/u7nzd0m0pov71.png?width=1651&format=png&auto=webp&s=df5232178c4035ba1c069f9306b30453b42946cd + +The extremely talented and dedicated [u/zedinstead](https://www.reddit.com/u/zedinstead/) has created this beautiful collection of the most important, groundbreaking **D**ue **D**iligence in PDF format that can be easily accessed and shared. If you're looking to familiarize yourself with the GME bull thesis or the underhanded tactics of the short sellers involved in this trade-- then this is for you: + +# [GME.fyi](https://fliphtml5.com/bookcase/kosyg) + +[r/Superstonk](https://www.reddit.com/r/Superstonk/) employs strict posting requirements to ensure our community stays moderately free from trolls and other such bad actors. As such you may find you have trouble posting if you haven't fully read and understood our rules. + +**Posts keep getting removed?** [Find out why.](https://www.reddit.com/r/Superstonk/wiki/index/rules) + +**Not enough** [**karma**](https://www.reddithelp.com/hc/en-us/articles/204511829-What-is-karma-)**?** Here's a [quick guide](https://zapier.com/blog/how-to-get-karma-on-reddit/) on how to get it. + +**Want to learn more?** [Check out our extensive Wiki](https://www.reddit.com/r/Superstonk/wiki/index) and [FAQ](https://www.reddit.com/r/Superstonk/wiki/index/faq) + +**Eager for more even more GameStop info?** [gmedd.com](https://gmedd.com/) is a spectacular resource. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Flair Links + +[📚 Due Diligence](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%9A+Due+Diligence%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📚 Possible DD](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%9A+Possible+DD%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [💡 Education](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%92%A1+Education%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) |[📈 Technical Analysis](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%88+Technical+Analysis%22&restrict_sr=on&include_over_18=on) | [🗣 Discussion / Question](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%97%A3+Discussion+%2F+Question%22&restrict_sr=on&include_over_18=on) | [🤔 Speculation / Opinion](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%A4%94+Speculation+%2F+Opinion%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [💻 Computershare](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%92%BB+Computershare%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📰 News](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%B0+News%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🤡 Meme](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%A4%A1+Meme%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [👽 Shitpost](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%91%BD+Shitpost%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📳 Social Media](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%B3Social+Media%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [☁ Hype fluff](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%E2%98%81+Hype%2F+Fluff%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [HODL 💎🙌](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22HODL+%F0%9F%92%8E%F0%9F%99%8C%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) + +You can also find the main flairs in the sidebar on New Reddit and under the "About" page on mobile. + +**Mod Flairs** + +[📣 Community Post](https://old.reddit.com/r/Superstonk/search/?q=flair%3A%22%F0%9F%93%A3+Community+Post%22&include_over_18=on&restrict_sr=on&t=all&sort=relevance) | [📆 Daily Discussion](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%86+Daily+Discussion%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🏆 AMA](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%8F%86+AMA%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🚨 Debunked](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%9A%A8+Debunked%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📖 Partial Debunk](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%96+Partial+Debunk%22&restrict_sr=on&include_over_18=on) | [🔔 Inconclusive](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%94%94+Inconclusive%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [⌚ Pending Review](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%E2%8C%9A+Pending+Review%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🥴 Misleading Title](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%A5%B4+Misleading+Title%22) + +**No CS/DRS Mode** + +[New Reddit Filter](https://www.reddit.com/r/Superstonk/search/?q=-flair_text%3A%22%F0%9F%92%BB%20Computershare%22&restrict_sr=1&sr_nsfw=) | [Old Reddit/Mobile Filter](https://old.reddit.com/r/Superstonk/search/?q=-flair_text%3A%22%F0%9F%92%BB%20Computershare%22&restrict_sr=1&sr_nsfw=) + +To filter out CS/DRS posts, click the links above or type `-flair_text:"💻 Computershare"` into the search bar. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +***What's This Post All About?*** + +The first thing you'll notice is a stickied comment right at the top. We call this the "Front Desk". Every day a moderator will create a new sticky comment that includes links to community announcements, fantastic posts that deserve more attention, and generally the simplest and easiest way to interact with the moderators of this community. The rest of the post is designed for general discussion and content/questions that might not need their own post. + +If you are new please mention that when you comment. There are no stupid questions but "shills" (paid accounts with the intent to disrupt the sub) are real. This community sees a lot of trolls. If you do not distinguish yourself as someone with genuine questions it is likely that members of our community will assume you are just spreading "FUD" (Fear, Uncertainty, and Doubt). I hate that I have to give you this warning but it is just the nature of the beast at this point. + +Please have fun, play nice and be civil. Many of our rules are heavily enforced. Debate is welcome but if it devolves into personal insults please report the comment. *Ape no fight ape!* +I posted in /r/personalfinance mostly for the FAQ, but thought folks here might like the pro tips at the bottom. + +Feel free to add more in the comments and I'll add them to the post. + +# What are I Bonds? + +I Bonds are savings bonds issued by the federal government with a variable interest rate that changes every 6 months, depending on the current inflation rate (there is also a fixed portion of the rate that's loosely tied to the federal reserve fund rates. This has been 0% for a while, but that could change) Unlike other bonds, savings bonds can't be bought and sold on the open market (those are known as marketable securities), and so the value of an I Bond is always equal to the face value plus accrued interest. The minimum purchase amount is $25 and they can be held for a minimum of 1 year and a maximum of 30 years. + +# Who can purchase I Bonds? + +You can if you have a Social Security Number and meet any one of these three conditions: + +* United States citizen, whether you live in the U.S. or abroad +* United States resident +* Civilian employee of the United States, no matter where you live + +# How can I purchase I Bonds? + +You can only purchase I bonds by making an account on the treasury direct website: [https://www.treasurydirect.gov/indiv/research/indepth/ibonds/res\_ibonds.htm](https://www.treasurydirect.gov/indiv/research/indepth/ibonds/res_ibonds.htm) + +You can not hold I Bonds in an IRA/retirement account or any other type of account. + +# What's so good about them? + +They are currently paying a guaranteed 9.62% interest and are backed by the United States Government. Any other investment that offers a **risk free** return even close to that right now is a scam. The current highest savings account rates are 0.7% and CDs around 2%. If rates and inflation continue to go up then the I Bond rates will continue to go up. If we ever get into a deflationary environment (seems unlikely now but it's possible one day) another benefit is that they are guaranteed to never go below 0% rate. + +They are exempt from state income tax. Federal income tax is deferred until they are redeemed so they can compound and grow tax free (sort of like the benefit of a traditional IRA minus the actual contribution deduction). You could choose to pay the tax liability annually if you think that would be more beneficial, but it's a little complicated (see the question on how I bonds are taxed). If used for educational expenses for yourself, spouse, or a dependent then the interest is exempt from federal taxes. + +# What's the catch? + +You MUST hold them for a minimum of 1 year from the issue date. + +You can only purchase a maximum of $10,000 per person per year. (Technically $15,000, but see the pro tips) + +If you redeem them in less than 5 years you will forfeit the previous 3 months of interest as a penalty. + +The interest rate changes every 6 months, based on the current inflation rate. + +Most people don't run into issues using the very outdated Treasury Direct website, but if you do run into an issue verifying your identity, switching bank accounts, or getting locked out there are some reports of very excessive wait times when calling to speak to someone. + +# Should I purchase I Bonds? + +Only you can make that decision, but for most people with extra money sitting in a bank account that they won't need for at least a year the answer right now is probably yes. Even if you plan to hold less than 5 years and will forfeit the penalty, they are still a great deal. That answer can change in the future, but after 1 year you can redeem any I bonds you hold at any time. Hint: When the government caps how much you can contribute to something it usually means it's a pretty good deal (think IRA\\401k\\HSA contributions). + +# Can I purchase I Bonds for someone else? + +Yes, you can purchase gift I Bonds for anyone who meets the criteria to purchase themselves. You can gift up to $10,000 per gift recipient per year. The recipient does not need a treasury direct account until you actually deliver the gift. The gift can sit in your account until then and will accrue interest the entire time. + +# When does the interest rate change? + +The rate changes every 6 months, in May and November. Regardless of what month you purchase, whatever the rate is when you buy them will be fixed for 6 months and then you'll get the next rate for 6 months and so on. For example if you purchase in July, you will get the rate that was announced in May for the next 6 months, and then in January you'll get the rate that was announced in November and so on. + +# I purchased my bonds X months ago, why doesn't the value reflect the interest? + +Because there is a 3 month penalty if held less than 5 years, the treasury direct site shows the current value of the bond without the previous 3 months of interest, until the bond is 5 years old. Example, if you purchase a bond in May, your May's interest will post on June 1, but you won't see that first interest on that bond until September 1, and it will be the interest accrued in May. + +# How are I bonds taxed? + +I Bond interest is taxed as ordinary income, not as capital gains. + +I Bonds are exempt from state income taxes. If used for qualified educational expenses (same requirement for 529 accounts) for yourself, your spouse, or a dependent then they are exempt from federal income tax. + +When you redeem an I Bond, you will get a 1099-INT at the end of the year just like you would from a bank account, and you'll file that in your tax return for the year they were redeemed. You only owe taxes on the interest that you gained, not the total value of the bond. All of the interest earned over all of the years you held the bond is added to your income for the year they were redeemed. + +You can choose to report the interest yearly if you feel that would be more beneficial to you, but once you start doing that you must do so for all current and all future I Bonds that you own. When you redeem the bonds you'll fill out an extra form with that years tax returns indicating you've already reported these in prior years. + +# Pro Tips: + +**Reduce the penalty and minimum holding period:** + +I Bond issue dates and the start of interest accruing is always the first day of the month they are purchased. Time your purchase for the end of the month (don't want the exact last day to allow time for transfers) and you will effectively reduce the minimum holding period by 1 month. This will also effectively reduce your 3 month penalty by 1 month if you hold for less than 5 years, and give you a 1 month bonus if you hold for more than 5 years. + +**Purchase more than $10,000 per year:** + +You can purchase up to $5,000 in additional paper I bonds per year via your income tax refund, making the total yearly purchase limit $15,000. You could purposely over withhold your taxes to accomplish this. You could also file an extension and overpay by $5,000 to generate a refund. It requires you to fill out one extra form directing how your refund should be paid (Form 8888). Note: these are actual paper bonds and they will not show up in your treasury direct account. + +**Purchase more than $15,000 per year:** + +You could purchase $15,000 for yourself this year, and then purchase $10,000 as a gift for someone, like a spouse or relative this year. They could also do the same for you. Then in a later year you would transfer the gifts, but they would have been accruing interest the whole time. The catch is that the year you transfer will count towards the recipient's $10,000 purchase limit that year, but it still makes sense to do this in high inflation years, and then save the transfers for low inflation years. + +**Know what your interest rate will be for a full year:** + +There is a small window at the end of every April and October where you'll know what the next rate will be, and of course know what the current rate will be. If you time your purchases for these periods it will give you a more informed decision on if you want to buy them. You can average the current rate and next rate to get your effective rate for the next 12 months, which is also the minimum holding period. +Interesting news from Snapchat. First was learning they valued themselves at 3 billion, and now they turned down a Facebook offer to buy them. Will we see a counter offer from Facebook, and how is Snapchat going to actually earn revenue? + +http://www.theverge.com/2013/11/13/5100446/snapchat-turned-down-3-billion-facebook-acquisition-offer +*Welcome to my first lecture! With 1,200+ upvotes in my previous post asking if /r/investing would be interested in starting a “Introduction to Investments” class I decided I would go through with my lecture. I realize that many people on /r/ investing are far beyond with what I’m offering in this lecture, but this is an introduction class to investments and the first lecture at that, so be patient. Looking forward, Lecture 2, which I will post in a few days, will cover some basic investment criteria that investors look at. Don’t be afraid to ask questions. I must say it's very hard to articulate what I would teach in a classroom to writing it all down so if you have some feedback on how I can make my lectures better, don't be afraid to tell me! Also, I encourage you guys to help me answer questions or help clarify a topic for someone, if you feel you can!* + + +**Introduction**: We will begin our lecture with a two part introduction. In the first part we will discuss asset types and characteristics. The second part we will discuss some other broader definitions. + + + +**Types of Assets** + +* **Investment Asset**: The study of investments is about selecting investment assets. An investment asset is any asset that an investor buys with the goal of increasing his or her wealth. + +* **Financial Assets vs Real Assets**: Investment assets may be divided into two broad categories. **Financial assets are claims to income streams produced by other assets.** Typically financial assets are defined as stocks and bonds. **Real assets are tangible assets with a physical presence.** A landlord who owns rental properties have real assets. Financial assets and real assets can both be placed in finer classes. The majority of this course we will be focusing on financial assets, of course. + +**Types of Financial Assets**: There are three broad categories of financial assets: **equity, debt, and derivatives.** + +* **Equity**: Equity represents an ownership claim. Common equity, like securities that are traded on the stock market, represents ownership in a corporation. Common equity has a claim to the residual income of a corporation, that is, the income that is left over after all other claims are paid. These claims by common equity to a corporation’s net income are issued in the form dividends, as declared by the board of directors. Another form of equity is preferred equity. **Owners of preferred equity are paid a stated dividend amount and will experience little capital appreciation.** + +* **Debt**: Debt instruments are IOUs issued by governments, corporations and other entities. Debt instruments may be divided into money-market instruments and long-term debt. **Money-market instruments are generally defined as debt issues with an original maturity date of less than one year.** Generally, money-market instruments do not pay interest. Instead, money-market debt is issued and bought by investors at a discount from face value and receives a return as the money-market debt increases to face value at its maturity date. Long-term debt may take several forms but generally long-term debt is issued with a maturity date and a coupon rate. The face value of this type of debt will be paid at maturity. Equal periodic interest payments are made in accordance with the coupon rate and face value. We will study debt more in later lectures. + +* **Derivatives**: The term, derivatives, is used because the value of this financial asset is *derived* from the value of an underlying asset. **There are two main types of derivatives: options and futures.** An investor can buy either a call option or a put option. **A call option allows an investor to buy the underlying asset at a certain price over a certain time period. A put option allows an investor to sell the underlying asset at a certain price over a certain period of time.** An investor will choose to buy a call or a put depending on whether the investor is bullish or bearish. A bullish investor thinks that the price of an asset will increase, while a bearish investor thinks that the price of an asset will decrease. So, would a bullish investor choose to buy a call or a put? A bullish investor, an investor who thinks the price of a particular asset will increase, would buy a call. So, would a bearish investor choose to buy a call or a put? A bearish investor, an investor who thinks the price of an asset will decrease, would buy a put. The holder of a call or put may or may not choose to exercise their right to buy or sell an underlying asset. That is why this is called an option. The investor has the option to exercise their position. Options are used most frequently with common equity as the underlying asset. + +* Bullish and bearish investors may also purchase futures. **A future contract requires the investor buy or sell a certain number of units of a particular asset.** Future contracts may deal with common stocks or other financial assets, but future contracts deal primarily with real assets such as agricultural commodities. A futures contract is created by a trade in the future market. **In a trade creating a futures contract one side of the trade agrees to make delivery of a commodity at a certain price on a certain date in the future.** The other side of the trade agrees to accept delivery of the commodity at that same price and date. Bullish investors will agree to accept delivery of the commodity, thinking that the market price will increase. This way the bullish investor can buy cheap on the futures market and sell high on the current or spot market (eventually). Bearish investors agree to make delivery of the commodity, thinking that the market price will decrease. This way the bearish investor can buy cheap on the spot market, and sell high on the future market. + +**Types of Real Assets**: There are a number of different classifications for real assets. They tend to be divided into four broad categories. + +* **Real Estate**: Real estate, land and buildings, is the largest category of real assets. Real estate may be divided into categories such as: undeveloped land, single unit housing (rental units), multi-unit housing, and commercial real estate. + +* **Precious Metal & Gems**: Precious metals and gems have long served as investment alternatives. The most popular investment asset in the precious metal category tends to be gold. Investors bullish on gold are often referred to as “gold bugs.” Gold prices are regularly reported in the financial press. On July 24th, 2013, gold was selling for $1,328 per troy ounce. Historically, gold has not been a good long-term investment. Other precious metals include silver, platinum, and various other rare metals. There are many different ways one can invest in precious metals. If an investor wants to invest in gold, for instance, an investor can physically buy gold bullion, gold jewelry, or gold coins. The other option for a gold investor is to buy financial assets such as gold mining stocks, options on gold, and gold futures. + +* **Collectibles**: “Investors” buy various types of collectibles in hopes that they will increase in value. These include, but are not limited to, fine art, antiques, beanie babies, comic books, baseball cards, etc. There are a couple of notes that need to be added. The first is that it costs money to maintain collectibles, especially true for fine art. The second is that the value of collectibles tend to be subject to fads. The value of a great baseball card collection is much less today than it was 15 years ago, but the market for vintage vinyl and music memorabilia is booming. The last is that collectibles are not considered an investment if the holder of the collectible is not willing to part with it. For instance, if a collector holds the worlds greatest collection of Marvel comic books, but would never dream about selling them, the comic books are not considered an investment (although he will tell his wife it is!). + +* **Commodities**: **Commodities are assets which are used in production processes and which fluctuate in value**. These include, for example, grains, cattle, oil, and common metals such as copper and aluminum. Bullish investors buy the commodity that they think is on an upward trend with the hopes of selling the commodity at more than what they bought it for, or at a profit. As with precious metals, an investor can choose to invest in commodities using financial assets rather than buying its real asset directly. The use of futures contracts allow both bullish and bearish investors to participate in the futures market. + +**Misc. definitions** + +* **Portfolio and Portfolio Effect**: Investors generally do not buy a single investment asset. Instead, investors hold a group of investment assets which is referred to as a portfolio. A portfolio may consists of any combination of real and/or financial assets. As the size of a portfolio increases an important thing occurs; the portfolio effect. **The portfolio effect is the idea that the overall risk of a portfolio becomes smaller than the average risk of the securities included in the portfolio.** This occurs because of diversification. Not all securities will move in concert with one another. If security A decreases in value, Security B may increase in value, offsetting the negative impact from Security A. The more assets that are in a portfolio, the greater the likelihood that these offsets will occur. And, the less impact anyone one security has on the overall fluctuation of a portfolio. + +* **Types of Investors**: Investors may be divided into two types: individual investors and institutional investors. Institutional investors include investment companies which pool money of other investors to purchase a portfolio of assets. Small investors can place money into mutual funds, closed-end funds and private equity funds. We will discuss these funds later on. Institutional investors also include firms such as Goldman Sachs and Smith Barney. These firms engage in a wide variety of activities including buying and selling securities and offering investment advice. All of these institutions are to have buy and sell side activities. + +* **Employment Opportunities**: Investment employment opportunities also have a buy and sell side. The sell side seems much easier to enter. The sell side includes commercial banks, brokerage firms, mutual funds and insurance companies. Despite negative stereotypes about pushy insurance salesman and cold calling, if the sales position provides a financial services this is a tremendous opportunity to help others and achieve good financial rewards. If you enter the sell side you should plan to get your CFP (Certified Financial Planner) certificate. The buy side involves conducting investment analysis to select securities for a portfolio managed by a mutual fund or other institutional investors. A position on the buy side is much more difficult to land. Investment analysis will want to get the CFA (Chartered Financial Analyst) certificate. Many firms hiring investment analyst require that the analyst has or is working on his/her CFA. + +I assume many popular trading Youtubers are arbitraging information; they often promote the same tickers at the same times and presumably get their ideas from the same few sources. What are these? +Hi, go easy as I am new to trading and am trying to learn. I have been trying to get my head around stop loss limit orders so that should I enter a trade when I am far more experienced I won't get burned. I have heard a lot about orders not being filled so a person's money or position is essentially still open and they have then essentially lost their money because their limit order wasn't filled. Am I right that this is when a sell limit order is placed above the price they paid for the crypto i.e they purchased the crypto at $10 with a hope it would go to $15 and placed their stop sell limit order at $10.50 for example but the market suddenly crashed and never reached the $10.50 so they were essentially still in their position and therefore lost their money. However, if I purchased the crypto at $10.00 and set the sell stop at $9.60 the order would be filled as it's below the price I paid rather than a price in the future that hasn't been reached yet? Sorry if this is really obvious but I couldn't get my head around sell stop limits not being filled and only figured out that traders are also often adding stops above the price they initially paid. Any advice would be greatly appreciated +Can someone DM or type here and run me through the basics of trading and gaining wealth over time? I just graduated high school and i’m currently going trying to get in to college for marketing. my job in the future probably won’t make as much as I want so I to have something on the side. what are the do’s and don’t’s of trading? I’ve seen a lot of videos of people flexing their earnings from trading and then the very next update video they’re 78k down and I don’t want to be one of those guys. +Hi everyone. I’ve been trading for a while now with mixed results. I’ve read a lot of material, mostly mark Douglas, but does anyone know of any reliable resources or coaches? I feel the internet is swamped with videos from people who have traded less than a year and I’m not sure which direction to turn. + +Thanks in advance. +Hey, not gonna write too much here but i just want everyones 2 cents on this topic. Im a junior in high school and began trading in October with a $200 account and now its down to $26, i love trading and i enjoy it but am i just wasting my money? Or is it normal for beginner traders to blow accounts like this? Im sorry if it sounds stupid I’m just here to learn +How do I overcome such thing? A little background about my self I’ve been doing what I love the most which is trading. I’ve been doing good and being profitable but when I started to get a following, Started getting opportunities from other people of me managing their portfolio and I get a % cut. It is really a great thing to do since I’m scaling up how much money I could potentially make, even though it’s possible for me to do it but I pussy out and I always try to avoid opportunities like that even though it will be a game changer for me.. seems like I have a pressure on me when I take my trades now. Before I had a following or all of these opportunities, I was doing really well and consistent. + +Seems like I have a fear of leveling up my own trading career and at the same time have a fear of disappointing the people following me + +It’s like I always avoid or pass when there’s big opportunities coming in for me to take a next bigger step in my trading journey, + +TLDR: +When a bigger opportunity comes in, I don’t take it and want to stay in my bubble. Always telling myself that “I’m not ready” even knowing damn well I am. Any advices on this? +I chatted with a few traders recently over at [r/daytrading](https://www.reddit.com/r/daytrading/) and came to an interesting conclusion. + +Day trading (going in and out within the same day) is seen as an active income for most, where you try yield a certain $ amount a day. If you don't trade, you don't earn that day. If it's geared toward another income, why not get a job where the odds are not so horribly stacked against you? + +I find the day trading mantra quite dangerous. It lures inexperienced traders. Every Tom, Dick and Harry will brag about his quick profit scheme in GME or whatever is hyped at the moment. That's why penny stocks work so well. Options are the exact same thing. Do the people over there really earn a consistent income? I doubt so. Day trading is hard. + +Isn't the whole point of putting money to work so you don't have to work? I always aim at passive income and trading should be a form of wealth-building. Building wealth means that we look at everything in terms of compound interest. You lose sight of the $ sign and focus on the % sign. **That's** where the big money is made – and it starts with a mindset. You also widen your time horizon and look at your performance over months and years. + +I see trend following as a way of making passive income on the side while you can pursue other productive activities. You're in a trade for multiple weeks to months and all you do is risk management with SLs. I follow trends in the NQ and am pretty much in the market around the clock. I'm either long or short, but never flat. The market does most of the work, and my part is to sit on my hands. + +I have trouble understanding why someone would work hard playing tiny swings if things could be so simple. Unless boredom is a real issue. +I have done backtesting and while risking 1-5% can be profitable in some situations, I find the sweet spot lies between 5-15% a trade. I think the reasons are too tight of a stop loss would make it much easier to hit the stop loss thus getting whipsawed much easier in the process. +Also, the commissions pile up so it really eats to the profits. From my testing and observation, 5-15% seems the best although it goes against the popular notion of needing the risk to be less than 5%, some even advocate 1%. Do take note I am testing on cryptos which are naturally more volatile. That being said would like to hear some opinions from traders here who risk more than 5% and have been successful (at least more than a year). +There is no possible to do day trading for me and it is very tough. I am engineer and I am working full time. I need to invest my savings. Long term is one option. Some portion of my savings will be on it. But for remaining portion I wanna do trade. Please suggest me that how can I develope myself about those topics. + + +What would you suggest to develope myself about one two week term , one month term trading strategies, long term investing strategies. + + +I am waiting subreddits, youtube videos and book or pdf suggestions about those topics from you guys. + +&#x200B; + +ps. I not very noob I have some knowladge about technical analysis but it is not sufficent. +Hello, + +I understand how rhe basics of splits work and I know the number of shares we have will be multiplied by 20, while the price is divided by 20. My question is what happens after to split to the shares we own that are not divisible by 20? Would we have, for example, 1.12 shares with the fractional shares or would we have 1whole share and the rest sold? + +My real concern is I do the Schwab stock slices and do not want any part of my holdings sold for cash at the split, especially since the price is down. + +Thank you! +The traditional way to begin your daytrading for income journey is to: + +1- Paper daytrade for a couple of months + +2- Start with a small amount of money (maybe $100 to $200. ). + +~~3- Add more money if you are more comfortable~~ + +~~4- Dump even more money into your daytrading account when you are 100% confident and comfortable~~ + +All I am saying that if you 100% confident in your daytrading strategy, there should be NO steps 3 and 4. + +Steps 1 and 2 are sufficient. + +If you are confident enough that you can turn 10k to 100k, why not start with $100. Grow it to 1000, then to 10k, then to 100k, then to 1M?? + +Yes, it will take you years to grow your account. If you cannot wait years to properly learn and grow your account, you should not be daytrading. + +One counterargument is that commissions will eat you alive if you are daytrading with a $100. Yes, I think it can be 1% for each trade, but I am sure confident daytraders can achieve more than that. + +What do you think? + +&#x200B; + +Edit: Thank you all for your comments. It was a thought I wanted to share. I really appreciate the feedback! + +Edit 2: I've gained a lot from the discussions. Thank you all. I admit my approach was extreme, but I still believe in the concept of "starting smaller than you think" and "avoid depositing a lot of money". + +Edit 3: Refer to this article if you disagree with me: +https://bigthink.com/personal-growth/how-to-disagree-well-7-of-the-best-and-worst-ways-to-argue/ +Jewelers have schemes where you deposit a fixed amount of money with them every month for X months, and they give a certain interest on it. This interest rate is usually far higher than anything one could get with a bank. + +The major cons I see are: + +1. You are forced to buy jewellery from the same store and can't just cash out. This isn't an issue if you do plan on buying their jewellery. +2. You are more or less giving them an unsecured loan for the duration of the scheme. Is it a huge risk if you go for a reputed jeweler? (say Tanishq, for eg) + +The scheme I have in mind is from [Caratlane](https://www.caratlane.com/plan-of-purchase) where the XIRR is ~18% (annualized). Am I missing something or can I go for it? + +---- + +Edit: Additional context since it was not clear in the original text: I will not be buying gold just because I've deposited money with a jeweler. It's the other way around, I will be depositing money with a jeweler because I want to buy some gold over the next couple of years. This gold is 100% meant for consumption, and this is not an attempt at getting a few extra bps worth of returns. +Jan 1st 2010= 10,00,000 + +Jan 1st 2020= 20,00,000 + +Difference is 10,00,000 but LTCG for Equity has 1 lakh exemption so 9,00,000 is the capital gains. + +10% OF 9,00,000= **90,000** + +Now for 20% with indexation we take the purchase price of 10 lakhs and multiply it by the (CII of Year of Sale/CII Year of Purchase): + +=10,00,000\*(289/148)= 19,52,702.7 + +20,00,000-19,52,702.7= 47,297.3 + +=20% of 47,297.3= **9,459.46** + +Big difference that favours 20% with Indexation for 10 Year Horizons. Why should person prefer 10% Tax if one is investing for that horizon? + +EDIT: + +For other time periods. + +Jan 1st 1982-Jan 1st 1992= 1000000\*(199/100)= 19,90,000= 20,00,000-19,90,000= 10,000 20% Tax of 10,000= **2,000** + +Jan 1st 1983-Jan 1st 1993= 1000000\*(223/109)= 20,45,871.56 **Capital Loss**. + +Jan 1st 1984- Jan 1st 1994= 1000000\*(244/116)= 2103448.28 **Capital Loss**. + +Jan 1st 1985-Jan 1st 1995= 1000000\*(259/125)= 20,72,000 **Capital Loss**. + +Jan 1st 1986-Jan 1st 1996= 1000000\*(281/133)= 21,12,781.95 **Capital Loss**. + +Jan 1st 1987-Jan 1st 1997= 1000000\*(305/140)= 21,78,571.43 **Capital Loss**. + +Jan 1st 1988-Jan 1st 1998= 1000000\*(331/150)= 22,06,666.67 **Capital Loss**. + +Jan 1st 1989-Jan 1st 1999= 1000000\*(351/161)= 21,80,124.22 **Capital Loss**. + +Jan 1st 1990-Jan 1st 2000= 1000000\*(389/172)= 22,61,627.91 **Capital Loss**. + +Jan 1st 1991-Jan 1st 2001= 1000000\*(406/182)= 22,30,769.23 **Capital Loss**. + +Jan 1st 1992-Jan 1st 2002= 1000000\*(426/199)= 21,40,703.52 **Capital Loss**. + +Jan 1st 1993-Jan 1st 2003= 1000000\*(447/223)= 20,04,484.3 **Capital Loss**. + +Jan 1st 1994-Jan 1st 2004= 1000000\*(463/244)= 18,97,540.98 = 2000000-1897540.98= 1,02,459.02. 20% Tax of 102459.02= **20,491.804**. + +Jan 1st 1995-Jan 1st 2005= 1000000\*(480/259)= 18,53,281.85= 2000000-1853281.85= 1,46,718.15. 20% Tax of 146718.15= **29,343.63** + +Jan 1st 1996-Jan 1st 2006= 1000000\*(497/281)= 17,68,683.27= 2000000-1768683.27= 2,31,316.73. 20% Tax of 231316.73= **46,263.346** + +Jan 1st 1997-Jan 1st 2007= 1000000\*(519/305)= 17,01,639.34= 2000000-1701639.34= 2,98,360.66 20% Tax of 298360.66= **59,672.132** + +Jan 1st 1998-Jan 1st 2008= 1000000\*(551/331)= 16,64,652.57= 2000000-1664652.57= 3,35,347.43 20% Tax of 335347.43= **67,069.486** + +Jan 1st 1999-Jan 1st 2009= 1000000\*(582/351)= 16,58,119.66= 2000000-1658119.66= 3,41,880.34 20% Tax of 341880.34 =**68,376.068** + +Jan 1st 2000-Jan 1st 2010= 1000000\*(632/389)= 16,24,678.66= 2000000-1624678.66= 3,75,321.34 20% Tax of 375321.34= **75,064.268** + +Jan 1st 2001-Jan 1st 2011= 1000000\*(711/406)= 17,51,231.53= 2000000-1751231.53= 2,48,768.47 20% Tax of 248768.47= **49,753.694** + +Jan 1st 2002-Jan 1st 2012= 1000000\*(785/426)= 18,42,723= 2000000-1842723= 1,57,277 20% Tax of 157277= **31,455.4** + +Jan 1st 2003-Jan 1st 2013= 1000000\*(852/447)= 19,06,040.27= 2000000-1906040.27= 93,959.73. 20% Tax of 93959.73= **18,791.946** + +Jan 1st 2004-Jan 1st 2014= 1000000\*(939/463)= 20,28,077.75 **Capital Loss**. + +Jan 1st 2005-Jan 1st 2015= 1000000\*(1024/480)= 21,33,333.33 **Capital Loss**. + +Jan 1st 2006-Jan 1st 2016= 1000000\*(1081/497)= 21,75,050.3 **Capital Loss**. + +Jan 1st 2007-Jan 1st 2017= 1000000\*(1125/519)= 21,67,630.06 **Capital Loss**. + +Jan 1st 2008-Jan 1st 2018= 1000000\*(272/129)= 21,08,527.13 **Capital Loss**. + +Jan 1st 2009-Jan 1st 2019= 1000000\*(280/137)= 20,43,795.62 **Capital Loss**. + +Jan 1st 2011-Jan 1st 2021= 1000000\*(301/167)= 18,02,395.21. 2000000-1802395.21= 1,97,604.79. 20% Tax of 197604.79= **39,520.958** +Can anyone share their experience of persisting with their investments during market downturns, which paid them back later? +This current bearishness is my first such experience, and I can't help but feel hopeless though I'm ready to see it through. +Edit : Grammar +If you take pfc for example, according to their latest investor presentation +https://www.pfcindia.com/DocumentRepository/ckfinder/files/Investors/Investor_Presentations/Performance_Highlights_Q3FY21.pdf + +Almost 90% of the loan book is to goverment backed entities and they have spreads of 3.5% + +Why can't a government backed entities go directly to the banks or the bond market instead of paying such a high margin to pfc? +Business is full of trials and tribulations and with the recent commotion with the pandemic it has been hard with some business owners within Australia, given your success through your ups and downs what is your story, where did you come from,where are you now and have you had some hardships along the way to mould a successful business? +I'm currently a uni student with not much saved up in my super, but it hurts me to see my super getting chipped away at by admin fees while I don't work. This is a picture of my transaction statement from my Commbank super fund. + +I haven’t had a great experience with super so far and feel a bit ripped off with every fund I go to. The last super fund I had nominated by a previous employer sent me letters in the mail saying that I actually owed them money because all my super had been eaten up in fees... + +Would appreciate any recommendations + +https://i.redd.it/u17bd28522s11.png +**Edit:** To preface, this opinion was not posted to solidify any fact or prediction for the future of the Australian Economy, just another point to spark conversation and debate (which it certainly has). It should be noted that his focus is primarily in the Microeconomics of the choices made in households. + +So I emailed my Professor from University who runs the econometrics course, about his thoughts on the speculated RBA cash rate cuts and how they will influence the housing market. You can see my original email [here](https://imgur.com/a/yTY13jD). + +This was his response: + +"Hi (again) , + +Yes I remember you.  You should almost know most of these answer from your degree + +Yes the lower interest rates will +1. encourage businesses to undertake more business investment as the cost of borrowing has declined and more project will now have a ROR greater than the opportunity cost of capital (the interest rate) + +* **encourage households with mortgages to spend more as their required mortgage repayments go down – this is a large part of the population**. + +* encourage self-funded retirees to spend less as their interest income has declined - this is only a very small part of the population. + +* encourage foreign investors to pull their money out of Australia, reducing the demand for $A, lowering the $A, which will improves exports, but make imports more expensive. + +**Effect on Housing** + +* Increase the amount that borrowers can borrow or reduce the size of their repayments => a slight increase the demand for purchasing housing => slight upward pressure on prices + +* Decrease the cost of borrowing/opportunity cost of capital for investors/builders => increase the supply of housing => pressure on prices to lower. + +* But given house prices are expected to fall I don’t see the housing supply increasing much. + +* **The main thing that determines when people buy a house is not the interest rate**, but the **timing of secure employment, marriage and kids**. So I do not believe cutting the interest rate will boost the demand for housing much at all. It might make some people borrow more, but it won’t turn many renters into borrowers. + +* In addition a falling or rising house prices prior to a purchase don’t really effect households that only intend to own one home. So falls (or rises) in house prices don’t effect residential demand (only investor demand) + + +But the RBA is not cutting the interest rate to rescue Melbourne and Sydney house prices! (Well I bloody hope they aren’t as it is against their charter ) + +The RBA is cutting interest rate to help get Australia’s economy moving again. The cut should help the Australian economy get out this incomes recession we have been in for the last few years. + +The RBA will be hoping that it does not encourage too much additional household borrowing, but does encourage more business investment and household consumption (which is very sluggish and the main reason for our zero real per capita growth) + +So no I don’t think the RBA is being reckless by cutting interest rates, it would be reckless of them to not to cut interest rates and let Australia slip further in recession. What has been reckless of the RBA is that inflation has been well below its target range for almost 2 years and it has not cut interest rates until now! If it has cut them, a year ago, we may have avoided this income recession. + +**Do you think that Australia is heading towards a housing bubble collapse** ? (Just to be clear, I asked him this in my previous email) + +I think prices in Sydney, Melbourne, Perth and Brisbane will continue to fall, probably about another 20% over the next year or two and then flatten out. + +I would call it a correction rather than a collapse. + +**Remember that so long as people keep their jobs, people that own only one house, should not care about house prices as they are irrelevant** (ignoring the property in people’s super accounts) + +The RBA cutting interest rates should stimulate the economy enough to allow people to keep their jobs and so avoid a housing collapse. + +Regards," +I just read some post on here that a WSB user just got a Bloomberg terminal and has no idea how to use it. + +Is this the biggest scam in finance? $25k a year for what? A computer from the 90s? Does the Bloomberg terminal just print money for you? Do they know where the market will go or something? What does this thing do? What is the secret? Why does is cost more than my capital losses yearly? It all seems so surreal to me. + +Why not just yolo the 25k into robinhood instead so you can day trade and just yolo tesla and spy options? I don’t understand? Seems like the biggest retards pay for this just to still have a portfolio deep in the red. +Let me get this straight... + +The SEC reveals [Credit Suisse is fined almost $500 million for a worldwide corruption scheme](https://www.sec.gov/news/press-release/2021-213) centered around Mozambique after Kenneth Griffin touches down in [Zambia](https://www.reddit.com/r/Superstonk/comments/pcnt8u/where_the_fuck_are_you_going_n302ak_left_france/hakylnu/?utm_source=share&amp%3Bamp%3Butm_medium=ios_app&amp%3Bamp%3Butm_name=iossmf&amp%3Bamp%3Bcontext=3%E2%80%A6) ([which borders Mozambique](https://duckduckgo.com/?q=MOZAMBIQUE&ia=web&iaxm=about)) 2 months ago ~~after turning off his transponder over Algeria..~~ + +**edit:** + +Check [this comment](https://www.reddit.com/r/Superstonk/comments/qbjznd/comment/hhcjk4d/?utm_source=share&utm_medium=web2x&context=3) about a lack of voluntary ground based receivers as being the reason the plane disappeared on the relevant tracking website over Algeria - **not because the transponder was intentionally turned off.** I haven't verified the claim but it seems reasonable enough. + +Here is why this is relevant today: there was some DD (or a comment) on the credit suisse report awhile ago and how it suggested CS could've forced archegos to offset some of their long positions with short positions around the time of the late January non-squeeze. There was only 1 "good" short selling position I can think of during that time. With this new information on the corruption of CS in Mozambique, there's now a plausible connection between the biggest players in this saga. + +I'm still looking for the comment/DD. + +**/e** + +This is revealed after a shoddy and clipped gamestop report is released that does ABSOLUTELY NOTHING of importance to disprove the DD on GME since January. Oh, SEC staff didn't find [any direct evidence of naked shorting with data provided by the NSCC?](https://www.sec.gov/files/staff-report-equity-options-market-struction-conditions-early-2021.pdf) You mean the same NSCC [that worked together with FINRA to modify transaction data](https://www.reddit.com/r/Superstonk/comments/pbhj00/the_crooks_keep_cookin_like_nobody_is_lookin/) multiple times after January? + +Why didn't you examine the NSCC's database *yourselves?* For cops on the beat, you're pretty fucking useless, SEC. + +Gary - I can appreciate your support about certain aspects of the gamestop saga - ***but NO MORE fucking around with these people.*** + +I wonder how much more the SEC knows that they haven't been able to reveal publicly due to outside *and* inside pressure from the obstructionist commissioners still present in the SEC. + +Or maybe...*they don't know.* + +***edit:*** + +A lot of people on here like to say talking about the SEC is pointless, but let me outline something: + +The *only way* for pressure to be put on those institutions is if ***the public*** interface and communicate with them directly. It's hard for SEC staff to ignore public concerns when they're being bombarded with comments about GME every day. Sure, the leadership decides what goes into a public report at the end of the day, but the more pressure applied to those institutions, the harder it becomes for them to lie. +A customer came in today to tell us she had fallen for this scam. It's an evolution of the "pay off your debt with gift cards" scam. They got nearly $30k out of her. Tell your older or gullible and trusting relatives and friends the bank/IRS/Social Secruity will never call directly, that you cannot pay off debt with gift cards, and you do not need to use up all your credit to stop a hacker or compromised card. + +Hopefully this customer will be able to get everything straightened out but goodness they got her good. +I still remember when I invested only 2000 usd to launch my startup...I was young, naive and full of fear and uncertainty. Fast forward to today, even though I’m not fatfire (no liquid cash), but on paper, I founded a rapidly growing ecom startup currently valued at 50 million. It wasn’t so long ago when I use to look at 30k, it was a lot of money. But now when I look at 1 million dollars, it doesn’t seem to carry a hefty weight as it use to. I’m not saying this to flex but I just feel like money just becomes a number eventually. It’s kind of like most people won’t even blink if they lost a penny. + +For me, I will be honest, money was a part of my motivation of why I wanted to start a business. But i never aimed to be a multi millionaire, I simply wanted happiness in life that my previous job didn’t provide. As my company grew, my wealth grew with it. What I use to think it was impossible is now possible if front of me. Becoming a “millionaire” no longer lights a 🔥 in me. I just feel different, not sure how to explain it. It’s almost like, you finally reach the other side and realize, shit, having more money doesn’t make you more fulfilled in life - nor more happy. + +My true motivation now is to leave a legacy behind. Our products have already reached more than 1 million people around the world and I see growing this number by 10x as the only fire that keeps me awake late at night. The thought that I can make a positive impact on others lives is more exciting than how many more millions I will be worth next year. In fact, I talked to my wife about eventually setting up a foundation to give back. Maybe build a school in a 3rd world country. Who knows, but I really like to make positive changes in this world when I liquidate parts/all my equity (not a true millionaire until payday 😇). +Hey all, I'm going to a wedding tomorrow of a good friend and thought how cool it is to be able to gift a bit bigger these days and it made me think. What are typical wedding gifts you give? + +I'd say we put this in two categories. Good friends (your crew), and not so good friends. + +Edit- if cash, how much. +Edit: thanks everyone for all the inputs. I decided to take a little break and decompress. Im planning to go back and spend some time with my family. Spoke to my boss today and he understood and respected my decision. He is a genuinely nice guy and it feels bad to disappoint him but i think i should take good care of my mental health. + + + + + +Hey AusFinance, Just wanted to vent and maybe look for advice. + + +I work in IT and recently got a new job last month. The pay is good and I got about 25% increase in salary but I feel like Im out of my depth here. My boss and teammates are nice but they are busy most of the times to teach me anything and somethings they expect me to already know. + + +I keep thinking whether I oversold myself during the interview because clearly I dont have enough technical knowledge or experience with most of the tasks they assigned to me. I have been feeling like this since day one but I thought I could just give it a go and learn on the job. + + +Couple weeks ago my boss asked me for a solution (my job is to design/sell IT solutions) to be sent out to other departments and clients. I told him what I thought was right but it turned out to be a bad recommendation and now its biting us back in the ass. I cant help but feeling guilty and useless even though my boss didnt blame me. This is also not the first time I messed up but I feel like I am dragging the whole team down and my boss is getting a lot of flak about it. + + +Im also having trouble sleeping and cant enjoy my weekends because I keep thinking about work (and scared of it). I know it sounds stupid but I just cant stop it or turn it off. + + +My families also live overseas so I have not seen them for the past 2.5 years. So I am thinking of quitting my job and maybe spent couple weeks overseas visiting my families. When I come back, im also thinking of maybe spending some time studying and getting few certificates to help with my job search later on. Luckily im quite good at saving money and have some set aside as emergency funds so I think I will be okay if am out of job for few months. + + +Has anyone been in the same boat before? Does anyone have any advice how to tell my boss im quitting because of this? I cant help but feeling like an a**hole because my team has provided me with support and training (even though they are lacking) for the past month or so. + + +I also got this job from a recruiter so I am a bit scared of the repercussions on this. +My grandpa died almost 2 months ago. My grandma has started getting hospital bills for the few days he was in the hospital before he died, with more expected. Medicare covered some, but she doesn't have the money to cover the rest. She has no retirement savings and is living off social security. What is going to happen when she can't pay those bills? Any ideas about what her options are? Thanks for any information! + +EDIT: wow this blew up, I have a lot to read. Thanks everyone for the information. I am going to have to try and discuss with her in more detail her financial situation and what bills she has received. I think finding a lawyer is the next step to get some advice. I imagine there are non-profits that can give free advice to her because of her age and situation, I'll have to do some research. Thanks again. + +EDIT 2: little more information...she doesn't have much of an "estate", no house, she rents, and nothing else valuable. They have a car that is worth maybe $3-4k that is still titled in my grandpa's name which isn't being used because she doesn't drive. She wants to give it to me as I am expecting a baby in January and my currently vehicle isn't baby-friendly, but I don't know if giving it to me will be the best thing with everything else going on. I imagine a lawyer will help with this. +Welcome to MiniShibaInu $MSI. + +&#x200B; + +A new low marketcap token launched 3 days ago with an active team and marketing plans. + +&#x200B; + +MiniShibaInu is a memetoken on the binance smart chain that generates passive income for his holders by providing 7% Rewards in ShibaInu on every transaction. + +&#x200B; + +ShibaInu is on a massive upwards trend and even surpassed Dogecoins Marketcap.If you missed this insane rally MiniShibaInu is the next big opportunity.After Shibainus run money will flow into smaller mcap altcoins like MiniShibaInu.Paired with an insane Influncer campagne and doxxed dev MiniShibaInu has a 100x potential. + +&#x200B; + +&#x200B; + +&#x200B; + +🌐 Our project differs from the rest because it has a passionate Team based in Europe with a dev working to develop a safety environment and also surrounding the token with massive promos. + +&#x200B; + +🎯Roadmap + +&#x200B; + +Phase 1 + +&#x200B; + +\- Official Pancake Swap Launch + +\- Design for Website/Social Media + +\- Social Media Launch + +\- Website Launch + +\- PancakeSwap Logo + +\- Influencer Marketing + +\- Daily AMAs + +&#x200B; + + Phase 2 + +&#x200B; + + \-Coin Gecko Listing + + \-CMC Listing + + \-Website Improvements + + \-Secret NFT Project Reveal + + \-Twitter Raids, Shilling Competition + +&#x200B; + +Phase 3 + +&#x200B; + +\-Cooperations with other Projects + +\-Release of MiniShibainu Merch + +\-Large influencer marketing push + +\-Memecontest for the Community + +&#x200B; + +&#x200B; + +Phase 4 + +&#x200B; + +\-Audit + +\-CEX Listening + +\-Explore gaming possibilities + +\-Increase marketing + +\-Release NFT market place, NFT collection, and NFT game for MiniShibainu + +&#x200B; + +&#x200B; + +🗒Tokenomics + +&#x200B; + +\- [10.000.000.000](https://10.000.000.000). + +\- 7% Rewards in ShibaInu + +\- 3% Marketing + +\- 5% Liquidity + +&#x200B; + +&#x200B; + +📱Tg: [https://t.me/Minishibainutoken](https://t.me/Minishibainutoken) + +&#x200B; + +🐦Twitter: [https://twitter.com/ShibainuMini?t=dcDKNNwuYscEgNJOg3VGzQ&s=09](https://twitter.com/ShibainuMini?t=dcDKNNwuYscEgNJOg3VGzQ&s=09) + +&#x200B; + +🌍Website: [https://minishibainu.de/](https://minishibainu.de/) +All they have left is the argument of deflection & misdirection. + +So in their convienient ways, consider that Citadel's Ken Griffin recently purchased an estate in Miami / Miami area - to the tune of 130 million dollars! I genuinely could care less, I love my way of life. Yet, in this mixture of daily life - while MANY are struggling just to put food on the table, amidst the highest growth rate of inflation witnessed in over 40 plus years- a face comes on air and tells you that YOU are the reason the shit is falling apart. + +Oh contrare, it is the two-faced individuals like Kenneth Griffin that causes many of "us" to suffer. He is not alone!!!! The Paul Tudor Jones, Finks, Steve Cohens, Marc Cahodes, puck n choose - they are incredibly genuine, make no mistake, they benefit from our demise! I don't fault their wealth, I fault them for the means the use to ascertain their wealth! Just what is it each of them produce???? Hot air ! + + +Now let's look at the due diligence presented by the superstonk's contributors. A conscientious onlooker could easily understand that the labyrinth of members and "rules" are designed to do one thing, and one thing only: deflect & misdirect! + +Believe whatever it is you believe, the truth is that you and I, unless properly initiated, are not to know the truth! When you buy & DRS GME you are challenging the system of deceit, yet I would argue, you are truly investing in a company preparing to tackle the greatest and most challenging need of modern times, INVESTING! + +They call it gambling, or a casino. It is anything but... it's a hydra composed of lies. Are all the actors bad people? NO but unless that regime comes out fully and tells EVERY truth, they are just as guilty as those who take our money. It takes courage, yes, but there again, for them to claim plausible deniability, I ask this simple question: then why are you in the world stocks? for the same reason the Ken Griffin's are, to amass wealth! To have that sweet ass home, to enjoy the boats, and ride in luxury. + +Some if not many, just want a decent meal. + +And I want fair - nothing less is acceptable. +We have the US Senate hearings on cryptocurrencies coming up next week. Its actually probably significantly better to have bitcoin trading way off the highs going into these meetings. It will likely seem far less dangerous to Senators while not in an accelerating bubble pattern vs looking like it's losing steam, and may not be worth their time to actively regulate. + +If we can get through those hearings without real animosity towards the continued growth of crypto markets, and make it to the Robinhood trading roll out I think we could finally see a clear runway for a new bull run. +Get on over to etherscan and watch the madness! CB's supply is falling fast and they keep trying to add more to keep up. This is pretty insane! + +[https://etherscan.io/token/0xbbbbca6a901c926f240b89eacb641d8aec7aeafd?a=0x503828976d22510aad0201ac7ec88293211d23da](https://etherscan.io/token/0xbbbbca6a901c926f240b89eacb641d8aec7aeafd?a=0x503828976d22510aad0201ac7ec88293211d23da) + +&#x200B; + +EDIT: 6:53 Pacific time + +There are currently only 450k LRC left in CB wallet. When I made this post there were over 4m + +EDIT 2: + +I'm clicking on some of the wallets that deposited LRC back into CB's wallet, to see where they are getting some resupply from. All the ones I clicked, the exact amount had just come out of CB and then went back in. + +Then there is this wallet: + +[https://etherscan.io/token/0xbbbbca6a901c926f240b89eacb641d8aec7aeafd?a=0xc463316e5720cbb36a108bda26119b0115766026](https://etherscan.io/token/0xbbbbca6a901c926f240b89eacb641d8aec7aeafd?a=0xc463316e5720cbb36a108bda26119b0115766026) + +Dozens of matching in/out transactions over the last couple of days. + +I am too smooth to make any sense of this. + +EDIT 3: + +They loaded up again at \~6:45 pacific time this morning; 3.6m coins, plus smaller batches since. + +[https://etherscan.io/token/0xbbbbca6a901c926f240b89eacb641d8aec7aeafd?a=0x6efd03343d3cc0e86158a24e2c6adc5d68abc646](https://etherscan.io/token/0xbbbbca6a901c926f240b89eacb641d8aec7aeafd?a=0x6efd03343d3cc0e86158a24e2c6adc5d68abc646) + +[https://etherscan.io/token/0xbbbbca6a901c926f240b89eacb641d8aec7aeafd?a=0xdfe8304ecd2f0e347f50599c3670987d1824ace2](https://etherscan.io/token/0xbbbbca6a901c926f240b89eacb641d8aec7aeafd?a=0xdfe8304ecd2f0e347f50599c3670987d1824ace2) + +These batches came from 2 different wallets. It would be interesting if we knew who owned those wallets. + +&#x200B; +[New Jersey - Most Millionaires](https://www.google.com/amp/s/amp.kiplinger.com/slideshow/investing/T006-S001-millionaires-in-america-2019-all-50-states-ranked.html) + +Dirty Jersey? Who would’ve thunk it? Any Garden Staters here? +My situation, + +34 Married - two kids. +I have a paid off home in HCOL area. +About 1.2mm in a stock / bond / cash portfolio. + +My business generates around 300-400k annually at the moment and my wife contributes around 100k from her income. + +Thinking of scaling back (working a few hours a day) and figure to earn 150k this way. Wife will continue to work (she's home based). + +Anyone use all their income as discretionary spending? Trips, cars, food, automating tasks etc..??? + +Trying to scale it back and focus on myself / family. + +I figure our current nest egg/investments will grow to about 5mm by 55 at which point I could pack it in completely / sell the company. + +Anyone adopt this? +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 ❤️ +Hey guys + +I am currently 23 a bit stuck on what to do with my $120k in savings I am fairly sceptical whether or not I should invest in ETF even though there is a low risk. Been working full time since I was 18 I do plan on studying on evenings at TAFE next year. My current salary is 60k with almost 20k in super no debts and still living with parents. + +Thanks a lot +We rarely talk non work shit, he’s very wealthy and has fox ticker on the tv in his office at all times and I just make sny remarks when I see everything true and he changes the subject. Am I a deadman tomorrow? +Yeah we had a 1000+ point down day on the dow, but don't forget that there are more important things than numbers in an account. Go hug your partner or pet your dog. Crack a beer with your buds and have some laughs. + +This isn't WSB, I don't want to see people long $ROPE here. Perhaps try to roll out your options if you are in a bad way, and /always/ make sure to remember not to risk more than you can afford to lose. Breathe and remember that there is always another gambler to sell options to around the corner. Sometimes bullgang and beargang get the better of us, but the PoP math doesn't lie; as long as you are trading small and often you should reap the benefits of trading the math with the law of large numbers. + +No one trade should make you or break you, thetagang is about the long game. +I get that I'd be forfeiting many small wins by having such a small window to open trades, but do you think that the large losses I'd avoid during selloffs would make up for missing those small wins? +The 3 main strategies I seem to see online when it comes to rolling options you've sold that haven't gone your way are + +&#x200B; + +1. **Don't roll.** You should have picked a strike and a stock you were comfortable with. Take assignment / let shares get called away. You keep your premium and your accounting stays simple. You can always wheel the underlying if you want back in / out later. +2. **Roll for a credit or at least to break even.** If you have to push the DTE way out, so be it, but just don't lose money. Keep good acccounting and continue rolling to better strikes / dates when the underlying moves in your favor. A lot of trades can eventually be salvaged. +3. **Buy back your losers before expiration.** Expecting to win every option trade even trading at a high % OTM is unrealistic. If you buy back the option, you take a small hit, but your capital isn't tied up and you can quickly move onto the next trade. + +&#x200B; + +I kind of like the simplicity of the first strategy, but I can see the merit of the others. Is the answer a combination of these strategies? What do you guys think? +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%. +Since the market started dipping all I’ve seen are all the “HODL” and “BUY THE DIP” . Im finally starting to see a lot more people talk about how they all pulled out. Very happy to see this. This means it’s time for me to finally buy. +So what I really wanted to ask this community is that how do you decide which stick to buy ? Is it the current news and trends or something else entirely? A lot of times I miss some golden opportunities how do I look for them? +[GameStop.com](https://www.gamestop.com/) || Shop [Internationally](https://www.reddit.com/r/Superstonk/comments/vyyzmx/gamestop_retail_international_nft_game_informer/) || [NFT Marketplace](https://nft.gamestop.com) + +GameStop [Investor Relations](https://news.gamestop.com/) + +# 🙋 ​[What's GME & should I consider investing?](https://www.reddit.com/r/Superstonk/comments/qig65g/welcome_rall_looking_to_catch_up_on_the_gme_saga/) + +# 📚 Library of Due Diligence [GME.fyi](https://fliphtml5.com/bookcase/kosyg) + +>A collection of over 200 of the most important, groundbreaking **D**ue **D**iligence. If your looking to familiarize yourself with the GME bull thesis or the underhanded tactics of the short sellers involved in this trade– then this is for you + +# 🟣 [Computershare Megathread](https://www.reddit.com/r/Superstonk/comments/wedijp/drscomputershare_megathread_082022/) + +>Wondering what DRS is? Want to know how and why people are Direct Registering their shares? Here you'll find our guide and additional resources, as well as a welcoming community answering questions in the comments! + +# 🥢 [4:1 Split/Dividend Megathread](https://redd.it/vtvbl8) + +>On July 6, 2022, GameStop Corp. (the “Company”) issued a press release announcing that its Board of Directors had approved and declared a four-for-one stock split in the form of a stock dividend. Each Company stockholder of record at the close of business on July 18, 2022 will receive three additional shares of the Company’s Class A common stock for each then-held share of Class A common stock, to be distributed after the close of trading on July 21, 2022. + +# 🏴‍☠️ [NFT Marketplace & Wallet Megathread](https://www.reddit.com/r/Superstonk/comments/vluysg/gamestop_nft_marketplace_wallet_megathread/) + +>Why is GameStop getting into NFTs? *WTF* even is an NFT? How do I set up a GameStop Wallet? How do I get a cool/custom wallet address? All these questions and more are answered here! + +**Read** [**the Rules & Wiki**](https://www.reddit.com/r/Superstonk/wiki/index) **||** [**MOASS FAQ**](https://www.reddit.com/r/Superstonk/wiki/index/faq) **|| Join our** [**Discord**](https://discord.gg/Superstonk) + +How to [feed DRSBOT](https://www.reddit.com/r/GMEOrphans/comments/qlvour/welcome_to_gmeorphans_read_this_post/). Low karma? Post your DRS on r/GMEOrphans + +How to [Filter by Flair & Search](https://www.reddit.com/r/Superstonk/comments/v0oxp2/how_to_filter_by_flair_search_for_posts_on/) on Superstonk + +Tag u/Superstonk-Flairy for user flairs, find [custom emoji options here](https://www.reddit.com/r/Superstonk/comments/v89p0h/new_superstonk_user_flair_emojis_how_to_edit_your/) +This stock has treated me well over the past 2 years. Fluctuations day to day are limited. 100% buy rating. Up almost 5% in a month and 16% in a year. If you’re playing the long game, I would say go for this. There’s always trash. After tax cuts of 2016, company gave a 1k bonus to every hourly employee in Dec 2017. Promising to employees. As past employee, they also had a great employee stock purchase program (ESPP). +[SOLVED] For background, i'm 21 with a 135k base income. No debt and a 350 a month car payment w 1% interest. + +I've been searching for a roommate to try and keep my rental cost to around 2k-2.5k a month, but the prospect of living with a roommate in a new city really does not appeal to me and would greatly affect my happiness as I haven't found anyone who I would actually like to live with. + +There are studio apartments for around 3.3k-3.6k a month with everything I want included (in unit washer dryer, dishwasher, great kitchen, parking). + +After taxes in CA I expect to make around 88.5k. + +Is this too much to spend on housing per month? + +EDIT: For more info, 50k RSU/4, 30k+13k for initial bonus. I'm not touching any of these. No debt is incorrect as I am paying off my car but it's extremely manageable at $350 a month, $128 for car insurance, $25 for renters insurance, $80 for health insurance a month. I cook most meals and if i go out it lasts me 2-3 meals. Maybe $10-$20 on weekends for drinks + +UPDATE: After some amazing help from the comments, I've been able to look elsewhere in the area and locate places for around 2.6-3k with the luxuries I would like! Thank you everyone + +FINAL UPDATE: Thanks to some suggestions, I was able to find a 1 bed for $2400 in Menlo Park :) Thank you everyone, I was getting frustrated by the rent prices but was able to be pointed in the right direction! + + +[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!* +Basically what the question says. Wife and I are moving soon but only plan on living in that area for 3-4 years before moving to somewhere with better job opportunities/somewhere we would want to start a family. We feel that 3-4 years isn’t a long enough time to be somewhere and buy a house. Are we wrong thinking this way? + + +Edit: thanks to everyone who took the time to respond, y’all all have given us many things to consider as we attempt to make this decision and have been a great help. Also, anyone who is in a similar situation, spend some time reading through the comments, I think it will help you a lot too! +I just got hired at whole foods for $2/hour over what I'm currently making! They have insurance too! I'll make 17.50 an hour and if I cross train into other departments I'll make more! Right now I'm working 45-60 hour weeks on top of school and I've just been so busy, to start I'm getting 25 hours a week at Whole foods and quitting 2 jobs that are just really out of the way for me and I'm keeping the job that is a block away from my apartment because it's easy and super close, I'll net about $50 less a pay period but I think the stress and benefits are worth it. I'm just so excited I'll have time to do things outside of work and school +Long time lurker here, my father dropped some insights on me today about his journey towards financial independence and the mistakes he made on the way and I felt I should summarize and share. +___ + +A little background + +My father came from a low income, paycheck to paycheck family. He watched both his parents work soul sapping jobs for measly pay and vowed he wouldn't live that way. +He worked hard/made some smart decisions and reached financial independence in his early 30s and retired at 45 (He is 56 now). +___ +Sound like the poster child for financial independence right? + +I thought so too but today he confided in me that he is unhappy and wishes he had done things differently. He worked hard to reach FI but felt he missed out on the prime decade of his life in the process. + +He gave me two guidelines to prevent his mistakes: + +(Note: These guidelines actually run contrary to a lot of the wisdom on this sub but bear with me, it's not about throwing FI out the window it is more about leading a more balanced life.) + +1) **Everyday be doing something that makes you smile or be thinking about something that makes you smile.** + +Some people love what they do for a living and that's great but most people don't. We spend a huge portion of our lives working, even if we do reach RE, and it doesn't make sense to to subject ourselves to misery today in order to reach happiness tomorrow. + +So, + +Do something that makes you smile everyday: If you hate your job and could be doing something you love, do it, even if this means earning less and postponing FI/RE. But, if you can't be doing something you love, which is the reality for many that's okay too. You still have to do something that makes you smile though. How you do this is up to you, it could mean saying fuck it and taking a sick day to go on a road trip with some buddies even if it means you can't save up as much this month. + +Reality is different though, we all have rainy days or days we just have to grind and get the unpleasant things done. This however doesn't mean you can't be doing things that make you smile. A great source of happiness is progress towards your goals. A common goal of everyone on this sub is to reach FI/RE, problem is humans are inherently shortsighted and progress towards financial independence is to distant to generate happiness on a daily basis. How do you combat this? Set short term actionable goals that you can see and feel the results of. This could be your related to your FI goals (e.g don't go to starbucks this week and put that $20 bucks saved into savings) or it could be for other life goals like fitness or relationships, whatever you want as long as it helps you get through those unpleasant days with a smile on your face. + + +2.) **The often spouted phrase: "Surround yourself with like minded people" in order to be successful is bullshit. It is more important to surround yourself with friends and family.** + +It depends on your definition of success though. If you think success means having a lot of money then sure go ahead and prioritize your professional relationship, but if you think there is more to success than that then don't neglect your social support network. + +My dad burnt a lot of bridges with friends and family in the pursuit of financial success, and it didn't come back to bite him until much later. The truth is the types of connections you make and nurture to aid your financial success are not the ones that stick around. What's the point in having financial freedom if you have no one to enjoy it with? + +___ + +My main takeaway is that it is easy to focus to on the end goal (FI/RE) and forget about the journey. In the end your happiness is paramount. + + + + + +I can't really share this with a lot of people in real life, so I'll share it with you fine folks instead. As of this morning, my mortgage is officially 100% paid off!!!! Woot-woot!!! + +The current iteration of my FI-journey started after my divorce. I was 28 years old, earning about $55k/yr and had $30k in debt. Over the next 5 years, I saved my ass off and made a strategic move across the country for a higher paying job. I bought my house at 33 and had $100k in the bank. I immediately started on an aggressive repayment plan that would have seen it paid off in about 10-15 years. A much larger and sooner than expected inheritance gave me the opportunity to pay it off even earlier. + +There was a lot of number crunching and going back and forth in the decision-making on paying off the mortgage. Initially, I was going to invest 100% of the inheritance and continue on with the mortgage as planned. After running the projections though, I was surprised to find that paying off the mortgage didn't negatively impact my FI-date. Plus it has the added benefit of freeing up enough monthly income to give me some breathing room and increase my savings rate. + +So here I sit, at age 36, with a $100k/yr salary, a paid off house, plus $500k in investments. Thanks to a lot of hard work, good decisions and some luck, I'm a looooong way from where I started 8 years ago :) + +**Edit** + +Some more details for those interested. I never really tracked my savings rate, as I never found it to be a useful metric. The inheritance was $480k. The relative who passed lived in a hyper-inflated real estate market, and they had no assets apart from their house. It was a little under a year from when I received the money to paying off the mortgage. Once I made a decision to pay it off, I elected to wait for the next renewal date to avoid penalties. + +**Pre-Inheritance Numbers** + +- Consumer debt - $10k +- Mortgage - $160k +- Personal Savings/Investments - $170k +- Company Stock - $30k (bonuses paid 100% by employer) +- Salary - $90k/yr +- Projected FIRE - age 50-55 + +**Post-Inheritance Numbers** + +- Consumer debt - $0 +- Mortgage - $0 +- Personal Savings/Investments - $190k +- Company Stock - $40k +- Savings/Investments from inheritance - $270k +- Salary - $100k/yr +- Projected FIRE - age 45-47 +Michael Saylor is blanketing the news with his bullish views on the future of bitcoin, although his 130,000 BTC is worth less than half of what he paid for it. He's also calling for government regulation of the market, which most old-school HOLDers are stringently opposed to. While his constant shilling is contagious and will likely draw in many small investors, is Michael Saylor bad for bitcoin? + +Let me know what you think. + +[https://www.disruptionbanking.com/2022/07/04/why-is-microstrategys-michael-saylor-begging-for-government-intervention-in-bitcoin/](https://www.disruptionbanking.com/2022/07/04/why-is-microstrategys-michael-saylor-begging-for-government-intervention-in-bitcoin/) + +&#x200B; + +https://preview.redd.it/eok49w2nvk991.jpg?width=1024&format=pjpg&auto=webp&s=b2bdea10dca602abe17479e99ae2354bccdd1c79 +We all know why jepi and divo are great etfs, be because they hit that sweetspot we all want, share appreciation, plus a heavy dividend. We'll the question is, what other etfs do that for you? Schd is great but it's slightly over leveraged for more growth than dividends. Bonus points if it pays monthly for maximum compounding. Thank you very much +Hello, I am a rising junior at the University of Michigan studying computer science. I've always had an interest in combining my personal finance with my major but do not know where to start. I'm comfortable programming but could use some help with trading. I need advice on how to start and what to do. Any help is much appreciated. +Hey guys, long time lurker first time poster. + +So my wife and I currently live in an apartment (renting for $630pw) and have our first child on the way end of this year. + +We have approximately a $250k deposit to buy a new home but my wife doesn't get paid maternity leave and is the larger earner of the two of us (close to a 70/30 split). So income with be rough for a year or so. + +Ideally we'd love to be able to drop 1.1mil-ish on a home that we can spend a long time in and potentially have another child. But choosing a specific area is hard right now as my wife's workplace has the potential to change in 3-5 years (or not, we don't know). There's just too much uncertainty to commit. + +More importantly, there's also the fact that I genuinely believe house prices in Sydney are disgustingly overpriced right now, every inspection or open house we walk into and every auction we peek at has houses selling for just horribly high prices that simply don't feel worth it. This is an opinion I'm sure many of you on this subreddit agree with. + +But today after checking out some (smaller) places, we had a chat and are seriously considering downsizing our purchase instead. We found a nice 2 bedroom villa for under $800k in a really nice area. + +What do you guys think we should do? Personally, I think we should grab this villa and raise a kid or two for 5-7 years with repayments that are approximately $530pw. Easy as pie, especially with our large deposit. It's not ideal as the place is extremely small (under 100 square metres). But it's definitely doable and we never wanted anything too big anyway. This gives us time to wait out and see if the market drops and/or my wife figures out her work situation. There's also something very pleasant about having a fairly small mortgage. + +Another option is to simply rent, but that means getting a loan over the next few years will not be easy as our income will have more than halved with my wife not working. There's also the inconsistency of renting and we have a dog, which can also cause issues. Neither of us are a big fan of renting but it's definitely an option. + +Or do we drop the 1.1mil or so, getting into the market with a 3 bedroom house? We'll struggle the first few years with my wife not working but it could be worth it in the end. Or it could not and house prices drop and we are in serious shit. + +Just wondering what everyone's thoughts were with this, I know you are all overly frugal and will probably just suggest we live with our parents or something but we'd go insane so please don't say that haha. + +Just looking for some tips or advice or opinions, thanks! +https://youtu.be/4muv-srvjRY + +So Biden is giving a address today I’m regards to his administrations action on controlling inflation and how important it is and that he’s taking it seriously. + +Given how CPI numbers come out tomorrow, does that suggest he’s trying to calm people down as it will be a bad inflation data for the month of April ? + +I personally saw a lot of increases of inflation last month. + +Thoughts ? +I got a debt consolidation loan!!!!!! I'll go from paying $456 a month to $335.41 a month and pay off $13.5k in 4 years at 8.25% interest. + +4 credit cards consolidated to one loan using my hometown Bank with their unsecured personal loan offer. I had to get a co-signer but man, it feels so nice to drop those huge interest rates. My Amex card alone was something like 24.9% APR. +I'm working in the finance industry as a quant/data scientist making about $400k+ / yr. 30 yrs old, about $500 - $600k saved up. DINK, no plans of having kids either. Since graduating from a top masters program, I've been job hopping fairly regularly to maximize my pay increases. I'm getting very dissatisfied with this industry for a variety of reasons which boils down to: unnecessary stress/time commitment, generally poor management and culture, limited upside in pay + advancement, difficulty in starting one's own venture, and ultimately it's unclear what my value-add is at the end of the day. Despite all the positive news about quants I think most of that is simply an over-romanticization of reality. I can get into the details if it helps the discussion. + +This has made work feel like a hellish grind. At this rate it'll probably take a decade for me to hit my number. Over the past few months I've been trying to funnel my frustrations and little spare time I have toward side ventures that hopefully will grow into full-fledged businesses because I'm just tired of working for the man. This is where I really wish I had taken more software engineering/mechanical engineering classes back in school. + +I apologize for this being more of a rant so far. I remember reading another thread in this sub comparing the middle part of the journey to canoeing halfway across a lake, when all you see is water around you. For me it feels like that + the lake smells like a swamp. Looking for any advice that can help on a practical level or a pep-talk. +Helios and Matheson Analytics Inc. has officially filed for chapter 7 bankruptcy with the SEC + +https://www.google.com/amp/s/www.businessinsider.com/moviepass-owner-helios-and-matheson-files-for-bankruptcy-2020-1%3famp +**Why did FuboTv and Lemonade crash yesterday. JP Morgan goes all-in on travel and Nikola spikes after their report. Let’s talk about this and other stock market news** + +**\~Very Long Post\~** + +Hello everyone and Good Morning! So, let’s start with the recap of yesterday, as we saw the broad stock market [SP500](https://ibb.co/w73qSnv) leading the way, up .87%, with the [Nasdaq Composite](https://ibb.co/6y9ZnHT) also gaining more than .7% and the [Dow Jones](https://ibb.co/qnJN88J) rising by more than 200 points to finish the day, with all 3 big indexes finishing broadly higher, with all of them also closing at all-time highs, after the relief [BILL](https://ibb.co/LRcCDdL) lifted many stocks, as this bill does include direct payments and unemployment benefits while also including over $300B that will be direct to the small businesses relief funding programs alongside other good [programs](https://ibb.co/jbhM2b2), like rent assistance, child care, vaccine distribution and others. But despite this great movement in the stock market, we did see the [VIX](https://ibb.co/Hn8QrkZ) rising by almost 1%, with most factor groups trading lower [yesterday](https://ibb.co/F7dWsYS), with only large-cap growth companies gaining, while the biggest losers were in the small and mid-caps, especially the growth companies. + +[Yesterday](https://ibb.co/Cwnvhrv) there was almost a 50/50 split in advancing to declining stocks, with 177 new highs on decent volume, as more companies have started to trade below the 50-day SMA, which is a good thing as the trend was worrying with over 84% of companies above that moving average just recently. + +We also saw 9 of the 11 [sectors](https://ibb.co/Km2fdpd) gaining yesterday with communications, consumer discretionary and technology all gaining over 1% for the day while the 2 sectors that lost ground and lagged the market were Energy and Materials. + +Here is the [HEAT MAP](https://ibb.co/gr6GrMj) that confirms those charts, as we can see big gains made in the big tech names with Amazon, Facebook and Google all gaining more than 2% for the day with Netflix and Microsoft also posting a 1% gain. We can also see the biggest losers coming in the Software-Application and Biotech sectors, probably because of tons of profit taking after huge-runups this year, while funds want to show investors that they own the big names, not those very volatile high-flying stocks of 2020, maybe that is one of the reasons for this rotation. + +We also saw the total people through TSA [checkpoints](https://ibb.co/ByxKmYy) in the Christmas weekend rise to over 2.4M people, the busiest since March, but that is still down about 50% since last year. This are better news for the Airlines especially after Trump also finally signed the stimulus bill which does include funds for the Airlines. + +While TrueCar also released some December [estimates](https://ibb.co/KL4K7X9) for auto sales, in which we can see a 4,7% increase year over year and a 32% increase over last month, as the industry is still continuing the rebound since the March lows. This is a good outlook for the industry so expect big OEM to start rising again after a pause in companies like Ford or GM since the end of November. Regarding this subject maybe Tesla can start selling even more cars, this after an Indian minister [reported](https://ibb.co/k2W2LML) Tesla will start operations in early 2021 in the country. + +Alongside great sales numbers in the auto industry, we also received the Dallas FED manufacturing [Survey](https://ibb.co/Ssdf7Kd), which came in better than expected with production, new orders and capacity utilization all having big increases since the last report. + +[Today](https://ibb.co/vdHr1wT) we get some numbers from the Redbook store sales and the SP Home Price Index, while we also await to see what the Republican [Senate](https://ibb.co/261v76w) will do after the House passed the $2000 stimulus proposal, as the leader of the Senate hasn’t yet announced anything. + +In some other stock market news, we saw some highly volatile names make moves with [Nikola](https://ibb.co/M8xVsvm) popping after a JP Morgan analyst predicted a less drama filled 2021, I can’t imagine what he sees in the company, as they still don’t have any new breakthrough technology or really anything to show, just promises after promises. While we also saw [FuboTV](https://ibb.co/vkkLy38) dropping more than 11% for the 2nd straight day before regaining some of the losses after-hours, this happened after it was called a best short idea at Hedgeye on top of last week short reports, and meanwhile, we also saw [Lemonade](https://ibb.co/vVZnw9c) fall 14% after the lockup period expired after the IPO, adding more than 30M shares to the small public float available until now. + +We also saw JP Morgan [acquiring](https://ibb.co/WVq4jGp) a credit card rewards business; thus, betting travel will come back in the next years. The company will acquire the technology platforms, travel agency, gift card and points businesses from cxLoyalty Group, which is a privately held company. This will be a hit to Expedia, as JP Morgan had been using the credit card rewards program from them, but now will return the use the cxLoyalty platform like they did until 2018, as cxLoyalty has over 3.000 clients and market partners like Citigroup, Capital One and Mastercard and serve more than 70M consumers. + +Let’s hope for a good day in the market as both the [EU STOCKS](https://ibb.co/zFkGLYs) and the [US FUTURES](https://ibb.co/R2L0kRV) seem to be pointing at a good open, with all 3 big indexes in the green as the Nasdaq is leading the way, as growth companies are [outperforming](https://ibb.co/gMFNd50) the value plays in this final month of 2020. As we also saw yesterday Goldman’s chief economist lifting the [outlook](https://ibb.co/rv12bH5) for the Q1 US GDP by 2% and a full year growth increase of .50% to see a GDP growth of 5.8% in 2021, which should be another bullish sign for the stock market. + +Thank you everyone for reading! Hope you enjoyed the content! Be sure to leave a comment down below with your opinion on the stock market! + +Have a great day and see you next time! +I (22M) just started a new job. My employer contributes 3% of my pay to a 401K account no matter what. I am going to contribute 5% (that's what I can afford now, goal is to get to 15% next year with the employer contribution). + +The account is with T. Rowe Price. I immediately gravitated towards the T. Rowe Price Retirement 2060 fund. It is averaging 7.72% annual returns for the past 5 years. However, I noticed later on that the operating expenses are high for these funds (0.72%). Now I am looking at the Vanguard 500 Index Admiral fund. It is averaging 10.80% annual returns for the past 5 years and it's operating expenses are only 0.04%. + +Would I be crazy to switch to the Vanguard index? My risk tolerance is high as I am just starting out. Either way, I am looking for major stock exposure in order to grow my account as much as possible. I'm new to retirement investing so any advice is appreciated. Thanks! + +Edit: The general consensus seems to favor switching to the Vanguard 500 Index Admiral. I’ve thought through it and that is what I want to do. One of the best comments was by u/CPlusPlusDeveloper who pointed out that the target fund fees could cost me 25% of my retirement wealth. I’m so glad I posted here and thanks to everyone for the help! +Good morning everyone, + +I am new to real estate investing and have been wanting to since I was 21, but didn’t have the means. + +I’m 29 now make over 125k a year and have 100k saved up for a down payment on one or multiple properties. I have read Gary Keller’s “Millionaire real estate investor” but also am an avid Dave Ramsey follower. They have almost opposite opinions on how to handle real estate investing. + +With Gary Keller’s book he talks about the Velocity of money and refinancing after a certain point to buy more and more property this sounds great in theory! In any economic downturn like 07/08 I would think 90% of people who are doing this will be going bankrupt. + +Dave Ramsey used this method early in his career became a millionaire before 30 and then went bankrupt because of a poor economy. + +I see the first method as enticing, but highly risky. + +I’ve seen arguments used as well the interest is tax deductible why the hell would I want to pay interest so that I can get a tax reduction that just seems so stupid. + +In conclusion, + +I am tempted to buy 3-4 properties over the next year, but have major concerns about these two conflicting thoughts. I’m thinking I understand both correctly, but am just risk averse subconsciously. + +Would appreciate any thoughts or clarification as well as any advice moving forward. +[**GameStop Wallet Support**](https://support.blockchain.gamestop.com/hc/en-us/sections/4412111751955-Getting-Started) + +# 🟣 [Computershare Megathread](https://www.reddit.com/r/Superstonk/comments/v2ff5r/drscomputershare_megathread_062022/) + +>Wondering what DRS is? Want to know how and why people are Direct Registering their shares? Here you'll find our guide and additional resources, as well as a welcoming community answering questions in the comments! + +# 🙋 ​[What's GME & should I consider investing?](https://www.reddit.com/r/Superstonk/comments/qig65g/welcome_rall_looking_to_catch_up_on_the_gme_saga/) + +# 📚 Library of Due Diligence [GME.fyi](https://fliphtml5.com/bookcase/kosyg) + +>A collection of over 200 of the most important, groundbreaking **D**ue **D**iligence. If your looking to familiarize yourself with the GME bull thesis or the underhanded tactics of the short sellers involved in this trade– then this is for you + +**Read** [**the Rules & Wiki**](https://www.reddit.com/r/Superstonk/wiki/index) **||** [**MOASS FAQ**](https://www.reddit.com/r/Superstonk/wiki/index/faq) **|| Join our** [**Discord**](https://discord.gg/Superstonk) + +Low karma? Want to feed DRSbot? [Post on r/GMEOrphans](https://www.reddit.com/r/GMEOrphans/comments/qlvour/welcome_to_gmeorphans_read_this_post/) + +How to [Filter by Flair & Search](https://www.reddit.com/r/Superstonk/comments/v0oxp2/how_to_filter_by_flair_search_for_posts_on/) on Superstonk + +Tag u/Superstonk-Flairy for help with user flairs + +&#x200B; + +**📌 Flair update! Out with the ODL in with the new 🧾 Buy & HODL 💎🙌 with a new background color #242424, IYKYK** +[**GameStop Wallet Support**](https://support.blockchain.gamestop.com/hc/en-us/sections/4412111751955-Getting-Started) + +# 🟣 [Computershare Megathread](https://www.reddit.com/r/Superstonk/comments/v2ff5r/drscomputershare_megathread_062022/) +