diff --git "a/reddit_finance_43_250k_269.txt" "b/reddit_finance_43_250k_269.txt" new file mode 100644--- /dev/null +++ "b/reddit_finance_43_250k_269.txt" @@ -0,0 +1,10000 @@ + +After I deleted the app I vented my frustrations out in the daily discussion thread where user u/sloanemonroe told me only 4% of guys get swiped on. Think about how many times your puts have had a 4% chance of hitting and expired worthless. That’s you on tinder. You think you’ll get a lot, but you end up expiring worthless and getting no matches. Don’t blame yourself, blame the app that needs to go be yeeted out of existence. + +I just don’t see how they keep a paying user base during a recession and I don’t see how they didn’t spread themselves too thin with 14 apps. The stock also has a 79PE while the actual stock is priced at $71. Everything about this company screams short it to 0. If Snapchat tanked 60% in a day, I don’t see how MTCH won’t. + +This is how capitalism works. When a company fails to serve the needs of the people we short the fuck out of it and put it out of business so a competitor can do it right. That’s what needs to happen here. + +Edit: for those saying institutions own most of this stock, they are doing this to start a massive short position like they do to other stocks they short. +**Update 2020-02-08 0852 MST: Lots of good feedback, and I've realized that /u/gnomeozurich made an excellent point that is going to require me to change my calculations. Working on an update, check back in an hour!** + +**Update 2020-02-08 1320 MST: Updated the sheet to include two new scenarios:** +* **You pay off your mortgage in full ASAP after reaching your non-mortgage FIRE target** +* **You do a simple estimate by adding your original mortgage to your non-mortgage FIRE target** + +**Update 2020-03-03 1450 MST: Fixed the NPER calculations being run yearly instead of monthly. Cut off a few months from the results. Thanks /u/myonlynamespace!** + + + +## Intro ## + +> Should I include my house in my net worth calculations for FIRE? + +This question has been beaten to death on this subreddit, and the best answer is usually along the lines of: + +> You can include your house’s principal in your total net worth, but what matters for calculating your FIRE number is the amount of investible assets which will generate the returns to fuel your spending in retirement. Even if your house appreciates in value, those assets aren’t giving you a liquid return unless you take out a loan against them, which probably isn’t the best idea for your primary dwelling. + +But I’ve never liked this answer, for the reason that eventually your mortgage will be paid off and your monthly housing expenses will drop. This throws a wrench in using your current monthly spending to estimate how much money you will need to spend in retirement, and it annoyed me enough at work today that I figured I’d solve it. This post is an attempt to give the best approximation I can to how you should really account for a mortgage when planning for FIRE, and just how many years of your life you are leaving on the table if you don’t do this. + +---- + +## Once a Mortgage is Gone, It’s Gone ## + +Say that you buy a $500k house, and put $100k down in order to avoid PMI. You get a 30 year mortgage at 4.25% APR. Your monthly mortgage payment will be: + + $400 000 * (0.0425/12)/(1-(1+0.0425/12)^(-(30*12))) = $1968 + +If we assume a 4% safe withdrawal rate, the amount we have to save to cover our mortgage payments using the standard SWR calculation tells us that in order to FIRE we need to accumulate: + + $1968 * 12 / 0.04 = $590 328 + +For context, your total payments over the life of the mortgage will be $1968 \* 30 \* 12 = $708 393, entirely generated by that invested sum, and this is a good bit more than just paying the entire $400 000 balance of the outstanding principal outright! + +But I contend that this is a silly way to do things, since this means you will be have that $1968 every month in perpetuity. A “safe” way perhaps, but considering that a) that is a huge amount of money to save up (more than the total purchase price of the house!) and b) the greatest sequence of returns risk is in the early years of FIRE and 30 years down the road the extra padding will likely not be needed, this is unnecessarily conservative. + +So how should we account for things instead? I would argue that the portion of your monthly spending allocated to mortgage payments should be accounted for in your FIRE budgeting using draw-down calculations. In other words, you should spend your mortgage-allocated invested assets at a rate such that they reach a value of 0 on your last mortgage payment, while still accounting for the fact that they will be generating returns throughout that entire time. + +Luckily this is pretty easy in a spreadsheet – it’s precisely the formula for calculating the Present Value of an asset. Assuming a 7% investment return, here’s how much you need to save using the draw-down method: + + =PV(0.07/12, 30*12, -$1968, $0) = $295 769 + +This is half of what the SWR calculation would tell you! + +You can [check out my spreadsheet here](https://docs.google.com/spreadsheets/d/1C7Y692E_Za0nqJRJJbkerAEdFrQ8ut0dZUqTSqcAwXg/edit?usp=sharing) to see the calculation in action, check the formula against a manual month-by-month calculation, and make a copy of the spreadsheet to try out your own values. Cells in yellow mark the inputs. + +---- + +## Your Money or Your Life ## + +What does this mean in terms of how long you have before reaching FIRE? I’ll grab my NPER() calculation from an older post of mine, [Tips and Tricks for your FIRE Spreadsheets](https://www.reddit.com/r/financialindependence/comments/5cmanl/tips_and_tricks_for_your_fire_spreadsheets/) so check there for how I calculated these times. Note also that since you pay down the mortgage through this time, there is a circular calculation that has to happen to update the + + +Assume you have $60k / yr in non-mortgage spending, $50k / yr in investment savings (a post-tax SR of 37% after including the $1968 \* 12 = $26.3k /yr towards the mortgage), and current invested assets of $0. Now we calculate the time needed to hit the targets needed to cover the mortgage by putting all our savings towards it: + + SWR Method: $590 k, 8.6 years + Pay off in Full: $400 k, 6.4 years + Draw-down Method: $296 k, 5.0 years + +But you probably have investments already, and you probably have a FIRE number in mind. Assume that you instead have $500k already invested, and with a SWR of 4%, your recurring spending makes a non-mortgage FIRE number of $1.5MM. We calculate our time to reach that using the NPER() method, and find that it will take us 8.6 years. Since we’ve been paying down the mortgage over that time, we now calculate our remaining principal using the CUMPRINC() function: + + $400 000 + cumprinc(0.0425/12, 30*12, $400 000, 1, 8.6*12, 1) = $329 685 + +There are two sensible options once you reach this point - route your savings to paying off the mortgage in full, or save less and retire earlier by using the draw-down method. I'll also throw in the now obviously absurd SWR method, and a "Simple Sum" method for comparison which simply adds our current mortgage to our non-mortgage FIRE number. We calculate the additional money &amp; time needed for each method as before, and apply it to our original FIRE target to get final calculations: + + SWR Method: $2.090 MM, 12.0 years + Simple Sum: $1.900 MM, 11.0 years + Pay off in Full: $1.829 MM, 10.6 years + Draw-down Method: $1.761 MM, 10.2 years + +By using a more realistic calculation for the invested assets required to cover our mortgage, we realize that we can retire **1.4 - 1.8 full years** earlier than expected! This is of course specific to this scenario that I made up, but [play around with the numbers for your own situation](https://docs.google.com/spreadsheets/d/1C7Y692E_Za0nqJRJJbkerAEdFrQ8ut0dZUqTSqcAwXg/edit?usp=sharing) and you should see just how significant a difference this makes. + +One last thought - I played with a few different toy scenarios, and the benefit at FIRE of using the drawdown method over paying off your mortgage is only a few months in all of them. Fully paying off your primary home's mortgage is probably worth the reduction of risk for those extra few months of working. + +---- + +## Notes ## + +Assumptions I’m using here: + +* You are not paying PMI because you put at least 20% down (though you could incorporate this by extending the methods presented here). +* You will stay in your house for your full duration of your mortgage. +* Your spending and savings are constant until you hit FIRE, and your spending remains constant thereafter. +* There are no market fluctuations. It would be good for someone to run this through an analysis to figure out what multiplier you need to add onto these results counteract sequence of returns risk. Just spitballing, add +20% if shooting for an exact number makes you nervous. + +Some more things to note: + +* “But there’s no way that I’m going to live in this house for 30 years!” No, you’re probably going to move a few times. But this method will give you an apples-to-apples comparison of how exactly your FIRE target will change when moving to a new house, and until then should give you an accurate estimate. And thinking it through, if you move to an equally priced home and your investment returns are higher than your mortgage interest, then the lowering of your mortgage payments due to the refresh of the 30 years means that the amount of investments you need allocated to your mortgage should *drop*. Maybe enough to cover closing costs? +* All spending/saving/FIRE numbers are in current-year real dollars. The mortgage payments are in nominal dollars. Market returns are after inflation. The calculations aren't quite apples-to-apples since the mortgage balance will devalue due to inflation over time in real terms. But this is a conservative approach, so consider it a safety factor - a more rigorous calculation would be crystal clear about nominal vs real terms and reach targets quicker. +* You should include non-mortgage housing costs such as insurance, taxes, upkeep, etc. in your monthly spending, since those will persist after you pay off the mortgage. +* Critiques very much welcome. :) + What up Apes, + +Its your boy [u/Dan\_Bren](https://www.reddit.com/u/Dan_Bren/) back with the mid-week update. Today there was a huge wave of DEEP OTM Puts purchased from a multitude of exchanges with many returning from last weeks purchases. + +[GME Biggest Options Trades 6-23-21](https://preview.redd.it/jua6a8cbh4771.png?width=1131&format=png&auto=webp&s=bef305027a8629df21ef6d76debcb3ebffc66962) + +As you can see from the data set above there was a massive wave of Puts purchased between 11am-12pm today. The main strikes we saw action on were the $20, $25, and $30 Puts. We even saw a familiar trade type out of MRX (Nasdaq) with the SingLegAuctNonISO (this is the same rare trade type we saw on the DEEP ITM Calls out of PHLX a couple months ago.) I'm going to drop the data from Monday and Tuesday below as well even though there wasn't nearly the same activity. + +[GME Biggest Options Trades 6-22-21](https://preview.redd.it/r5rg9sfch4771.png?width=1131&format=png&auto=webp&s=7fdccb6fe0a23c50415cbbf607e6d64b62c46e31) + +[GME Biggest Options Trades 6-21-21](https://preview.redd.it/hdlunb1eh4771.png?width=1031&format=png&auto=webp&s=7b7c3abb0f2e0354e8f504bed6ad3f51662c30fa) + +Definitely a more diverse group of options were purchased on Monday and Tuesday but Wednesday's trades are definitely something of note. As always I will continue to monitor the data to see how this shakes out. See you soon + +Red crayons taste the best; change my mind. 💎🙌 +I know many apes still wonder what will cause the price to go parabolic for MOASS, once the float is DRSed. let's go through it logically + +- when DRS numbers approach the breakpoint, Computershare buys have to eventually get more expensive. +- because as long as there's real buy pressure while the float gets smaller and smaller, there comes a point when Liquidity Providers can't fulfil buy orders anymore, except by raising the price. +- the best part is no one has to spend millions to keep buying even when the price is parabolic. the way CS market buy works, apes should begin to see smaller and smaller fractionals for the fixed amount they spend. +- with the DTCC running out of shares and apes buying more, the price can only go up. this signifies real price discovery for the first time ever + +where is the breakpoint? - the only way to find out is to go past it, and keep going no matter what. like just now with the instutional selloff that changed float DRS percentage from 54% to 47%, apes keep going and [it's already back to 49%](https://www.reddit.com/r/Superstonk/comments/wweh7b/wasnt_this_47_due_to_institutional_selling_we_are/). this is how MOASS works, relentless neverending buy pressure. + +- CS market buy is the perfect tool for price discovery in the MOASS. + +Wall Street wants retail scattered on hundreds of brokers with no effect, but apes have access to Computershare now. the most diamond handed investors of this generation, with a plugged-in controller. when shit hits the fan, Computershare buy order is the way 💎🙌🚀 +I must be missing something here. + +For this Canadian company AutoCanada Inc. ACQ.TO Yahoo financier [is saying it has $1.86 billion in debt](https://ca.finance.yahoo.com/quote/ACQ.TO/key-statistics?p=ACQ.TO) + +When I look up it’s latest financial report (Q1 2022) [it is saying $358 million of long term debt](https://investors.autocan.ca/2022/05/autocanada-reports-record-first-quarter-results/) + +The company is an auto dealer. Just not sure how Yahoo is picking up $1.86 billion. My brokers stock screener is also saying the same thing. +Today was the first time this year I am not behind on bills. I’ve had my power almost disconnected twice because of it. But I am now in good standing. I just wanted to tell someone because I am very excited about it. + +Edit: Thank you all for the support! + +Edit 2: I didn’t realize how good it would feel for people to tell me congrats. Again thank you all. You have made my day. This sub has great support. +I’ve been doing a little research on LKE and I now understand what all the fuss is about. If LKE can do what they are proclaiming this company is going to be massive. If they were to get some exposure to a company like Tesla this thing will legitimately go to the moon. If anyone had a look at battery day for Tesla. There was a part where they were talking about the need to get lithium quickly. Tesla also have an environmental focus for the transition. The upcoming announcements that have been hinted at by the CEO. I’m pretty bullish on this now and can’t wait to see what happens in the future. +Hey guys, so this is my first attempt at DD. These guys have been on my watch/buy list for a couple months, and had been trading sideways for a while. Now that they're gaining some momentum, I thought i'd share some of my research efforts. + +Disclaimer: not financial advice. I'm not even really gonna talk about the financials/price targets/TA/other bullshit. I understand products and medical regulation, i know fuck all about the stock market. i'm also typing this up on my lunchbreak so there might be some errors in my recall. + +&#x200B; + +**Imugene (IMU) - Who are they?** + +Imugene are a clinical stage oncology drug development company. They currently have 3 compounds in clinical trials, from P1-P2. Their primary focus right now is on B-cell immunotherapies. + +**Simple version:** + +The products they develop are in the name - they develop therapies that work with the immune system to target and expose/attack cancerous cells. They function similarly to vaccines, hence the naming structure of their compounds. + +**Jargon version (from their website):** + + B-cell immunotherapies link an immunogenic protein with a B-cell epitope and incorporate an adjuvant to produce a B-cell cancer vaccine that induces the body to produce antibodies against the normal self-proteins, such as HER2 or PD-1 (known as breaking immune tolerance). The antibodies produced following the vaccination are a ‘polyclonal’ mixture of antibodies that bind to different parts of the vaccine antigen. This makes them somewhat different to the monoclonal antibody drugs, even though they bind to the same target in the body. + +&#x200B; + +They are also developing an oncolytic virus which targets a broad range of cancer types. Put simply, the virus is developed to infiltrate and destroy cancer cells. + + +**Risks and red flags I personally look for:** + +I have a basic litmus test when screening oncology biotechs, that is centered around 3 primary red flags. This is more general information than specifically applying to IMU - + +**Single compound OR treatment:** + +Historical uptake and approval rates are not particularly kind to new oncology therapies. FDA historical acceptance rates for [new therapies are between](https://alo.mit.edu/wp-content/uploads/2020/04/DIAGlobalForum20190501_OncologyPoS_Full.pdf) 1-30% depending on study design (biomarked studies are pretty standard now, which brings historical averages up from 1-3% to 10-30%). I'm extremely cautious about investing in oncology companies that have a single product catalogue as a result. The numbers aren't on your side with a single product. + +IMU gets a big tick on this with 3 compounds in-study and a couple extra in development + +**Orphan drug designation:** + +Put simply, the orphan drug pipeline is a way for highly specific therapies that only target specific indications/diseases to get approved. It was developed as a way for drugs that would be dropped because of commercial non-viability to get to the market where it can help people. They also have much lower historical approval rates because they also generally receive governmental assistance, so they're really only picking the best candidates. + +Another tick for IMU. Their therapies have a pretty broad range and are targeting the more 'common' cancers that are around. + +**Buyout as the primary/only commercialisation strategy** + +This might not be a red flag for some. For me personally, it shows a lack of faith in the product's commercial future and although it's not a great analogue, it reminds me of house flippers - get a product, develop the product enough to make it shiny for prospective buyers and sell it. Again, **this is specifically a red flag for me.** + +Tick for IMU - they're prepared to take their products all the way through to commercialisation, even though they are anticipating partnerships as a path forward for their products. + +&#x200B; + +With that out of the way, let's look at the **products currently in trials.** + +**Basic info** + +Immunotherapies/checkpoint inhibitors are being explored by many different development companies across the world right now. They're an exciting new avenue in adjunct therapy (complimentary or enhancing compounds for current standard of care treatments), and monotherapies (candidates for new standard of care or highly drug resistant cancers). + +**mABs & pABs** + +I won't go into excruciating detail about these two acronyms, but to surmise the difference, **most** companies right now are developing mAB therapies, which are time consuming, expensive and require expertise to manufacture. + +Imugene's B-cell therapies are pABs, which are cheap and quick to produce (relatively speaking). It's also hoped that they will reduce side-effects commonly associated with mAB therapy, which includes inflammation around vital organs. This type of inflammation is what has caused so many medium-long term issues with COVID positive patients. + +Something that's important to note is that there's quite a few mAB therapies currently on the market, and just recently Merck got slapped **hard** by the FDA when attempting to gain approval for their drug Keydtruda, for monotherapy breast cancer. This has thrown into question the future of some mAB therapies, and big players may be taking a close look at alternative (but similar) immunotherapies for their monotherapy drug catalogues. + +# Recent Trial results: + +**Her-vaxx** + +Developed for: Gastric cancers + +Trial stage: Gastric P2, designed for chemotherapy and chemo + Her-vaxx for comparison + +Current interim results: (gastric) Clinical proof of concept confirmed. Median overall survival increase of 14.2 months for chemo+Her-vaxx. + +**What this means:** + +Gastric cancers are a bitch. They're also a huge market, as they disproportionately affect countries with low per capita wealth, or those who are in the process of moving out of their industrialisation periods (South east asia, India and Eastern Europe). + +Median OS is a standard metric for determining the efficacy of new treatments, and 14.2 is very positive. Essentially the average life expectancy of end-of-life advanced cancer patients is being extended a year beyond what you'd normally expect. + +Because of these results, the scientific advisory council (the IDMC) overseeing the study has seen fit to reduce the total cohort numbers, as the interim results are statistically significant enough. This is generally seen as very favourable for any drug going through trials. + +&#x200B; + +**PD1-vaxx** + +Developed for: Various lung cancers, combination therapies for PD-1 overexpressed cancers (breast, colon etc) + +Trial stage: P1, dose escalation for various lung cancers + +Current interim results: Big news just got released today. Mid-dose cohort deemed safe with no dose-limiting toxicities, one patient with a complete response (no more cancer), three with stable diseases and one progressing (getting worse) + +What this means: Toxicity issues aren't preventing them from progressing the trial to the highest dose, and the mid-dose was enough to stop cancers from getting worse, with one person probably thanking their lucky stars they got into the trial. Excellent results to move the trial forward. + +&#x200B; + +**Management** + +&#x200B; + +Not going to go into too much detail here, though they have experienced management, including Leslie Chong, who has brought two new oncology therapies to market previously, and Paul Hopper who has been at the helm of some pretty successful biotechs, including one buyout in 2018. They've been around the block, so to speak. + +&#x200B; + +**Other bits and pieces** + +They're well funded, and won't be needing cash for a while (\~30m cash on hand). Should cover their trial expenses for the foreseeable future. + +The current interest/momentum in IMU has most likely been a result of them announcing the presentations they'll be making at a large conference in the States on the 9th (US time). The study results and presentation paper are currently embargoed, but it'd be highly unlikely they'd be presenting their findings with bum news. There's a lot of big players that attend these conferences. + +Anyway, i've been typing for far too long. I'll be continuing to watch IMU with interest - they've got a solid set of therapies and are probably closer to commercialisation than just about any other (with a few exceptions) oncology company on the ASX right now. +Like many of you auty, auty bois I was inspired by our commrade u/jakekustardmustard posting the great success he has had with his 'Journey to 1M (12/40)' - Full post Here - [https://www.reddit.com/r/ASX\_Bets/comments/lfpj2r/journey\_to\_1m\_1240/](https://www.reddit.com/r/ASX_Bets/comments/lfpj2r/journey_to_1m_1240/) + +As such I created my own (very basic) 'Aut Challenge Tracker 1k to 1M' which I thought some of you may want a copy of the google sheet link below. + +[Aut Challenge Tracker 1k to 1M](https://docs.google.com/spreadsheets/d/12oBySTN3oj9FUjlnPkGeovBJGa3w-9XbvccEWGyZHvE/edit?usp=sharing) \- Make a copy of this for yourself + +[My Personal Copy](https://docs.google.com/spreadsheets/d/1DUhKJq4_sF2kyzkkTPBHabu65oCJPvSfcruRhL8cz_c/edit?usp=sharing)\- So you can watch me cry. + +Idea of the challenge as described by u/jakekustardmustard is as follows. + +"Trying to turn 1k into 1M by 40 consecutive trades by cashing out at 20% gain and reinvesting the lot." + +So have at it - also please share failures so that my tears aren't lonely. xo + +EDIT 2: I think people were getting the wrong impression this was not to highlight my own YOLO picks but to share the sheet people can use. In true auty style some of you are following so I will update when I exit and find new positions. + +EDIT: This is by no means original. Many great Auts have come before us. + +Their original posts are imortalised here thanks to u/mcfucking : + +[ORIGINAL POST](https://www.reddit.com/r/ASX_Bets/comments/j5yq0e/if_you_start_with_1010_and_hit_a_rocket_of_20/?utm_medium=android_app&utm_source=share) thanks to u/an0nym0us11 +Like percentage of portfolio wise, in segments of high to low risk...to maximize returns for 2018. + + [Here is my answer:](http://www.merchantbusinessaccountservices.com/) + +Tell me if you agree or what, but have a reason. + +BTW this is what I would tell anyone to do with 10% of their net worth. + +Paper trade or do whatever, and let's see if I predicted correctly. + +edit 1: everybody gets an upvote, I'm like Oprah today "you get an upvote, and you get an upvote, and you, and you," as long as you contribute to the discussion. + +edit 2: ok I'm spent, thanks for the discussion +I will be eligible for full social security benefits at the age of 67, which will be in the year 2064 (if the full retirement age does not rise by then). From what I have read, the social security honey pot of money will be exhausted by 2034 and monthly payments will be reduced by 22%. If this is the case, then it will only get worse as time goes on. What are the chances of social security being completely removed from society by the time I reach retirement age? I am attempting to get my finances in check to see if I can achieve financial independence by the age of 59.5 and eventually obtain ss benefits by 67, which I need to include in my calculations. +What makes Premium Bonds attractive? + +It feels like lottery blended with Current Account (with 1% interest?) but I am not sure whether my limited understanding is correct. At what point (financially) does it become an attractive option, if any? +Most of the time I feel like I'm wasting my time there. Degens only commenting "shitcoin" etc. + +I know projects which are fudded on 4chan are mostly a buy signal, but how do you truly find gems there? + +80% of the projects posted there are some bullshit tokens with burned mechanisms on every transaction and yada yada yada. + +Which are some signals to avoid on /biz/? How do you find gems? +Good morning everyone. + +*This list is geared towards day trading. With the small cap stocks especially, I am typically in and out very quickly, only occasionally longer than 5 minutes, usually faster scalps.* I am also constantly watching the candlestick charts and observing price action and volume, and you should be doing the same if you want to trade these stocks. Always have a plan when you enter a trade (for profit taking and for taking a loss), and use proper risk management. + +**Main Watchlist** + +* Gapping UP: MARA, RIOT, AMD, PYPL, TSLA, NIO, MVIS, VERY, DLPN, GME, CHPT +* Gapping DOWN: BOX, AMRS, ASO, ACY, UTME, STZ + +**Momentum Watchlist** + +1. RICE (+17%): Up on natural gas firm deal. Seeing good volume and price action at the moment, I'll be watching to see if it continues. Possible premarket support around the 10.73-10.75 level. +2. HOFV (+11%): Up after announcing first NFT offering. Seeing strong volume and price action in premarket. Daily chart intrigues me as well, so I'll be keeping an eye on it. +3. AVCT (+33%): Up after announcing they received an unsolicited acquisition proposal at $9/share, but they plan to explore "strategic alternatives". Possible premarket support around the 7.50 level. Low float, so this could see some volatility this morning. +4. ATNF (+13%): Up on news of insider buying, couldn't find another catalyst. Seeing decent volume and price action in premarket, with possible premarket support at around the 9.00 level. +5. APRE (+15%): Couldn't find a relevant catalyst. Seeing good volume and price action at the moment, I'll be watching to see if the momentum continues. Premarket high of 6.18. +6. IMMP (+14%): Up after announcing FDA fast-track designation for it's lead product candidate. Seeing decent volume, but currently showing some weakness in price action. I'll want to see it turn around. + +Lots of small cap stocks to look at this morning, so I'll be running my scanner after opening bell a few times to see what's moving. Nothing wrong with sitting on your hands and being patient. + +**Market Outlook** + +Stocks are looking to open a bit higher this morning, slightly mixed though. SPY is trading a bit below 408, at new ATH levels. Bitcoin is currently trading at around 57,400, and still hovering around a support level. Bitcoin-related stocks are a bit mixed in premarket, and I'll be following them closely today. Tech stocks are showing some strength this morning, as are some EV-related stocks. I'll be keeping an eye on marijuana stocks as usual, and any potential catalysts. Gold and silver are up at the moment, while crude oil is slightly in the red. The recent strength in the market has some people feeling a bit unsure. We could see some indecision in the coming days, so I'll continue to be cautious in my trading. Make sure to stay disciplined and take trades based on technical setups, not your emotions. + +Remember to use proper risk management, make sure you size appropriately for your account, and have a plan for every trade you enter (both for taking profits and cutting losses). Happy trading everyone :) +Guten Morgen to this global band of Apes! 👋🦍 + +Apes, yesterday's SEC release is quite the boost for this movement. There is so much confirmation of what we've known all along. Sure, there are some aspects of the report that could have confirmed our biases *harder*, but this is a great first step. + +The short interest exceeded the entire float. The shorts did not cover during the Sneeze. Retail orders rarely reach the lit exchanges. The hard data backing these fundamental ideals of this movement is glorious. I cannot wait to see where we go from here. + +Obviously last week's exuberance in GME has continued into this week, reaching close to $190 in the US markets. For some reason the German exchanges have been a bit less gleeful recently... will we break that trend today? + +Today is Tuesday, October 19th, and you know what that means! Join other apes around the world to watch infrequent updates from the German markets! + +###🚀 Buckle Up! 🚀 +*** + + +- 🟥 120 minutes in: **$184.30 / 158,82 €** *(volume: 2176)* +- 🟥 115 minutes in: $184.94 / 159,38 € *(volume: 1986)* +- 🟩 110 minutes in: $185.66 / 160,00 € *(volume: 1968)* +- ⬜ 105 minutes in: $185.20 / 159,60 € *(volume: 1943)* +- 🟩 100 minutes in: $185.20 / 159,60 € *(volume: 1847)* +- 🟥 95 minutes in: $185.11 / 159,53 € *(volume: 1825)* +- 🟥 90 minutes in: $185.33 / 159,71 € *(volume: 1605)* +- 🟩 85 minutes in: $185.62 / 159,96 € *(volume: 1561)* +- 🟥 80 minutes in: $185.34 / 159,73 € *(volume: 1474)* +- 🟩 75 minutes in: $187.16 / 161,29 € *(volume: 1269)* +- 🟥 70 minutes in: $185.91 / 160,21 € *(volume: 1035)* +- 🟥 65 minutes in: $186.00 / 160,29 € *(volume: 1028)* +- 🟥 60 minutes in: $186.20 / 160,46 € *(volume: 993)* +- 🟩 55 minutes in: $186.23 / 160,49 € *(volume: 963)* +- 🟩 50 minutes in: $186.22 / 160,47 € *(volume: 936)* +- ⬜ 45 minutes in: $186.00 / 160,29 € *(volume: 933)* +- 🟥 40 minutes in: $186.00 / 160,29 € *(volume: 893)* +- 🟩 35 minutes in: $186.17 / 160,44 € *(volume: 882)* +- 🟩 30 minutes in: $186.06 / 160,34 € *(volume: 771)* +- 🟥 25 minutes in: $186.03 / 160,31 € *(volume: 715)* +- 🟩 20 minutes in: $186.40 / 160,64 € *(volume: 601)* +- 🟩 15 minutes in: $186.37 / 160,61 € *(volume: 380)* +- 🟥 10 minutes in: $186.33 / 160,57 € *(volume: 367)* +- 🟩 5 minutes in: $186.45 / 160,68 € *(volume: 330)* +- 🟥 0 minutes in: $185.93 / 160,22 € *(volume: 131)* +- 🟩 US close price: $186.02 / 160,31 € *($186.94 / 161,10 € after-hours)* + + +*** +FAQ: I'm capturing current price and volume data from German exchanges and converting to USD. Today's euro -> USD conversion ratio is 1.1604. I programmed a tool that assists me in fetching this data and updating the post. If you'd like to check current prices directly, you can check [Lang & Schwarz](https://www.ls-tc.de/de/aktie/gamestop-aktie) or [TradeGate](https://www.tradegate.de/orderbuch.php?isin=US36467W1099) + +Diamantenhände isn't simply a thread on Superstonk, it's a community that gathers daily to represent the many corners of this world who love this stock. Many thanks to the originator of the series, DerGurkenraspler, who we wish well. We all love seeing the energy that people represent their varied homelands. Show your flags, share some culture, and unite around GME! +Hi all, +I run a very small twitch channel and I (very suprisingly!) have quite a loyal followbase that are happy to chuck a few dollars my way often. I've been affiliate since the 2nd of September and thus far have earned more that the requirement for a twitch payout ($100usd). IF the numbers continue as they are, I expect to have earned just shy of 2000usd over 12 months. + +As I'm earning a very good wage, I don't need the extra money. I decided some time ago that I would donate it all to charities, in particular focusing on Blackdog Institute as I've lost a couple of friends to mental health. + +Twitch has my tax file number, so my assumption is that I will see these payments during my next tax appointment. + +My preference here is to donate the payments to Tiltify (so my viewers can see proof of the donations) though I'm happy to drop PDFs of receipts into my Discord as proof of Tiltify payments aren't considered a charity here. + +How do I go about handling this at tax time? +If 100% of the money is shown via receipts to have gone to Blackdog, is this good enough proof to not be taxed on? + +I'm located in Victoria, if that matters. +Hi all, I’m noticing a bit of a strange occurrence in the area I am looking to buy a PPOR (Pemulwuy, NSW). + +Over the weekend a property that was guided at 1.35 sold for 1.25. + +Two properties I had saved have now had their prices revised, one down 100k, the other 200k + +Just weeks ago properties In Pemulwuy were selling for way above guide (1.5 for a property guided at 1.3). + +Is anyone else seeing anything like this in other parts of market ? +the Super Rich, the people who control the money supply and the Governments of most countries + +NEED desperately for people to remain wage slaves and debt slaves + +NEED desperately for people to believe the Illusion that Life is Fair and that the American Dream is not just a dream + +************************************************************* + +Unfortunately, people are getting stuck in SURFACE LEVEL issues (technicalities of how stock market works) + +and not Digging Deep to find the REAL Deep Fucking Value Realizations and Insights + +The Stock Market is COMPLETELY RIGGED + +Anything that is rising as an Alternative Way to Investment is being attacked + +Because The Super RICH + +desperately NEED retail to keep burning their money in the stock market + +************************************************************** + + +There is perhaps a very big Misconception among retail investors, including among GME Shareholders + +There is a belief that, at some level, the Fed, the DTCC, the Governments of various countries, the SEC, FINRA are + +1) Trying to Protect Retail + +2) On the side of Retail + +3) Just incompetent and/or slow and at some magic point of time will suddenly bring in the win for retail + +***************************************************************** + +This is simply not true + +Regulatory agencies are NOT on the side of retail and every day people + +Believing this requires making a lot of assumptions + +We see people do massive amounts of rationalization + +Gary Gensler and SEC have done nothing for one year + +despite DAILY evidence of massive manipulation of GME stock price + +It is not because 'their hands are tied' + +It is not because 'they have to wait for DoJ to step in' + +etc + +etc + +************************************************************** + +The reason regulatory agencies have done nothing for retail DESPITE such an easy slam dunk available + +is because + +They are EXCEPTIONALLY GOOD at their REAL JOB + +which is screwing over retail, protecting the Super Rich, and making sure people never get out of Debt Slavery and Wage Slavery and Financial Slavery + + +***************************************************************** + +If you have to create an ELABORATE FAIRY TALE to explain why all the Regulatory Agencies are all (at the same time, no less) not doing their job of regulating the Super Rich, and instead seem to be PROTECTING the Super Rich + +then perhaps it is time to EMBRACE THE REALITY + +These people are all VERY GOOD at protecting their overlords + +as are The Fed + +Gary Gensler is worth $100 million from this time at Goldman Sachs + +Do you really believe that a man smart enough to make $100 million in his 19 years at Goldman Sachs + +is so incompetent now that EVERY SINGLE DAY stock price is manipulated and he can't figure it out + +????????????????? + +**************************************************************** + +The REAL job of the Regulatory Agencies is TO PROTECT the SUPER RICH from the Poors + +The Poors cannot be allowed to do a Capitalism + +And they are EXCEPTIONALLY GOOD at it + +It's time to stop being in dreamland + +*********************************************************************** + +Want proof? Look at what areas they are attacking + +A) Shareholders of GME and GME itself + +Why? Because if they follow the rules it will be + +The Greatest Transfer of Wealth OF ALL TIME + +********************************************************************** + +B) Shareholders of other heavily shorted stocks such as BBBY + +Why? + +Firstly, because it would be one of the greatest transfers of wealth of all time + +Secondly, because 50% of those retail winners would YOLO into GME and trigger the single greatest transfer of wealth of all time + +*********************************************************** + +C) NFTs + +Why? + +Not to 'protect' customers + +Because NFTs were becoming a market where people could go in, speculate and those who picked the winners (or just got lucky) became WEALTHY + +Instead of people going to stock market and getting their money stolen, people were becoming millionaires in NFTs + +Yes, there were losers too. However, in stock market, as it stands now, nearly all of Retail is losing + +at least in NFTs people making smart investment decisions were winning, and were winning big + +THE WORST thing the Super Rich could want, is a group of people becoming very rich in a system the Super Rich do not control + +*********************************************************** + +D) Cryptcoin and everything Web 3 + +Why? + +Because Cryptcoin and Web 3 are DECENTRALIZED + +They are trying to take it over via Citadel and FTX (look at the founding team and the people funding it) + +No one can control Cryptcoin + +so it is a MASSIVE threat + +if you are in a system built on stealing from retail + +Retail goes to Cryptcoin -> hard to steal + +************************************************************ + +Please consider what these 4 areas have in common (GME, Heavily shorted companies, NFTs, CryptCoins) + + +A) Outside of Control of Fed + +B) Every day people were actually becoming rich + +Cryptcoin has created so many millionaires and these are all people AGAINST the rigged monetary system + + +C) A MASSIVE threat to the Super Rich + +The poor are supposed to - pay their taxes, live in debt, live as wage slaves + +Never find their Financial Freedom + +If one NFT can give people $200,000 and eliminate debt and set them free + +If one Cryptcoin investment can give people $1 million and they drop out of the system + +If one GME share in MOASS will give tens of millions of dollars + + +The Entire Rigged system breaks apart + +**************************************************************************** + +The biggest enemy of GME shareholders is not some short hedge fund + +The biggest enemy is the False Belief that the Governments of various countries, that the regulatory agencies, that the markets are set up to PROTECT every day people + +********************************************************* + +The Biggest Reality to Embrace is that all of these are set up to + +PROTECT every day retail from ever achieving Financial Freedom + +Protect the Super Rich from ever having a lack of wage slaves and debt slaves + +MINDWASH retail into thinking markets are honest and they are 'protected', when in reality they are being sheared like sheep + +**************************************************************** + +Please think about the hard work you do and the value you contribute to people every day + +Do you think a single head of a Hedge Fund is contributing that much value? + +heck, the Short Hedge Funds are destroying companies and jobs and creating negative value + +Why are they making $1 billion a year for providing ZERO value??? + + +Because you are willing to work hard and give that value and let them assign how much it is worth in dollars and you are letting them assign INSANE and WRONG valuations to the useless (and often destructive) work they are doing + +**************************************************************** + +This is a sick and twisted CON + +Retail is brainwashed into thinking that the regulatory agencies are protecting them from 'getting scammed' or 'taken advantage of' + +In reality, these Regulatory Agencies and the Fed Reserve are Protecting Retail from ever becoming wealthy and Protecting them from ever achieving Financial Freedom + +******************************************************************************* + +More and more people are now fighting for WHAT IS RIGHT and Ethical Reasons and to clean up the corruption + +To free our children and grand children from Financial Slavery + +Now the last jump is to accept what Reality is Telling Us + +It is not that the Regulatory Agencies and the Governments are very bad at protecting retail and weeding out corruption in the stock market + +It is that the Regulatory Agencies and the Governments of the World are EXCEPTIONALLY good at protecting corrupt systems and at protecting the parasitic Super Rich that are benefiting from these corrupt systems +In short; I'm about to turn 29, full time job earning £40k after overtime and I've just accepted an offer for a second full time job earning another £40k with the aim of using the second income to work towards some form of FIRE and/or general saving for the future. + Earning £80k means I'll be paying 40% on the top ~£30k. Is it too ridiculous to put all of that amount in to the company's pension scheme to avoid all 40% tax or should I be taking the hit on some or all of it to have more control and accessibility over the (albeit lower) amount? +TL, DR: $PLTR is **a huge long play** and the company has its toes dipped in essentially every single industry. + +Here are some fundamentals: market cap 44.6bn, 2020 revenue 1.1bn (482m from commercial, 618m from the government), and consistent earnings beat. + +In 2020, their revenue increased by 47% and they signed 21 contracts during Q4 2020 (21 in 13 weeks = **avg 2 contracts a week last quarter**) and they are working with 8 companies of Fortune 100, 12 of Global 100, and 24 of Global 300 (LARGE potential growth in the future). + +From 2019 to 2020 they increased their revenue from the commercial sector by **107%.** This is very important as the commercial sector is where they will profit from the most. + +Palantir currently has two products Gotham and Foundry, with Gotham being used mostly by the US government and Foundry is for the commercial sector. Essentially these two software work by integrating with the customer's existing system and simulating different operational models and outcomes for different decisions that the customer makes. To me, this technology is revolutionary as proven by how unpredictable the state of the world economy is right now. + +A few of the big names that are working with them now is **IBM**, **PG&E**, **BP**, and many hedge funds and banks, and a big one recently is a 31m contract with **NHS England** where they are working to handle vaccine allocation **(**this is significant as the UK is facing a historically tough recession**)** + +They have been consistently working with the US government on multiple contracts using Gotham, from finding bin Laden to verifying Iran's nuclear presence in 2018. Palantir is **one of the four** institutions that were given DoD IL-5 and on their way to DoD IL-6, to give you a scale Google is DoD IL-2 and Oracle is DoD IL-4, meaning they are responsible for handling extremely sensitive information for the DOD, their most recent contract is *project Maven*. Essentially Palantir is the CIA's AI twin. + +Looking back at the fundamentals, especially with the P/S ratio of over 40 right now, it can be overpriced to get in. But in the near future, PLTR will be the best stock to hold for 5+ years as the sky is their limit. + +Edit: forgot to put my position 300 @24.9 +"free trade" is not a satisfactory answer im afraid, as i would still take decades to even slightly catch up. + +theres no other threads besides this + +https://www.reddit.com/r/AskEconomics/comments/6hxa9w/foreign_aid_to_the_3rd_world/ + +how to fix human rights issues in those countries? +Aside from a few outliers (Mainly countries with very small populations) this seems to be the ceiling for the majority of developed Western/Asian countries. + +Why isn't there a large country with 80K USD or 100K USD per capita? +Hi + +Will it be possible for a poor third world country to become a rich first world country, if economists are allowed to take all the policy decisions? + +My assumption being that they are obviously very capable economists and they've the powers to make any decisions and have full backing of the state and the people! +So I recently started reading about the Austrian School of economics, and while I saw plenty of critique of the school, I came across one interesting note. + +[https://onlinelibrary.wiley.com/doi/full/10.1111/j.1536-7150.2010.00751.x](https://onlinelibrary.wiley.com/doi/full/10.1111/j.1536-7150.2010.00751.x) + +This study found that the Quarterly Journal of Austrian Economics, one of the more notable journals in the field, ranked 33rd in terms of academic rigor, while 57th in credibility amongst peers. + +While one study on academic rigor doesn't definitely conclude how merited the study is, it is an indicator. That said, the amount of criticism from peers is also extremely noteworthy, and should not be dismissed either. + +I understand that this is an unconventional question and study for the sub, but I would like this to further my understanding of the reasons this school is so widely criticized, and how merited those claims may be. +Hi! + +I'm just naively wondering: Why is it that you can earn money from just having money? I never understood the point of this. + +It just seems unfair to me that you can earn a living just by owning something, especially if you've inherited what you own. Doesn't that cause people to not contribute to society? + +I mean, if I own a big piece of land, that doesn't mean that it can just expand and take over the smaller pieces of land. How is this different when the land is symbolized by money? + +Thank you :) +Specifically, countries like the US exist for a very long period of time. Wouldn’t the long history cause there to be a lot of USD in circulation, causing inflation? + +I can understand if banks return/destroy money but that can’t solve the entire situation, can it? +So I just had a conversation with a friend of mine about the current state of inflation and he said: + +"It time economists look at the reality and not stock market and job numbers." + +"Avoiding reality and looking at numbers is the entire job of an economist lol" + +" The job of the economist seems to be to ignore everything that's happening and parrot the economic scriptures. Low unemployment, millions of job openings, high inflation, wage increases below inflation? Sounds like it could be interesting to research on how this is happening, but economists will ignore it because they already have their conclusion." + +And frankly iam starting to agree with him. + +I mean what do economists really do? Do they just like read economic theories and make theories of their own? How do they affect and contribute to the real world economy? + +I mean what's the job of an economist exactly? To just study the economy or actually do soemthing? +How accurate is the [third point in this response](https://www.reddit.com/r/askphilosophy/comments/kstvea/why_is_marx_relevent_in_philosophysociology_and/giid16h?utm_source=share&utm_medium=web2x)? The sub is r/askphilosophy so I'm skeptical on the accuracy of the some of the remarks regarding economics. What do you guys think? +Unemployment in places like France, Greece, Spain and Italy are at levels the United States shortly after the recession. Why is this the case? Does their social safety net allow the European unemployed to stay safely unemployed for longer than the American unemployed? +There's a consensus that anti-free tradersdon't know what they're talking about. I understand; what I do *not* understand, however, is *why* these objections are not valid, and perhaps most important, what they even are. + +Seriously, I can't get a nuanced argument out of any of these people, (though perhaps there's a reason for that.) +Hello, + +As the title states, I had my yearly review this past Friday and the owners of the company gave me a $7k bonus which will be paid this Thursday. Should I wait a couple of days after the bonus to give my notice or can I do it the same day? + +I received a job offer for 35% more pay, a $10k guaranteed bonus, amazing benefits and a flexible schedule. My start date is January 17th and I was hoping I could take off a week or more since I haven’t taken a single day off since March and I will need to buy a car and do some other things. I’m afraid that if I give notice the same day they will try to screw me over, but I also don’t want to wait too long to give notice otherwise I won’t be able to take the week off. +Sends 18k of stolen ETH to another wallet + +[https://etherscan.io/tx/0x2f259dec682ccd6517c09b771d6edb439f1925e87b562a72649a708fdd0511e1](https://etherscan.io/tx/0x2f259dec682ccd6517c09b771d6edb439f1925e87b562a72649a708fdd0511e1) + +Then sends 6k ETH of the 18k above to yet another wallet + +[https://etherscan.io/tx/0x2e43c2111567a591e961b63212d7efb45c4873ef49350ba57a7d86968845a788](https://etherscan.io/tx/0x2e43c2111567a591e961b63212d7efb45c4873ef49350ba57a7d86968845a788) + +Then starts sending 100 ETH every \~7 minutes to Tornado Cash mixer + +[https://etherscan.io/address/0x432a9cb4353bed67ec5351734d4a44c0826847ae](https://etherscan.io/address/0x432a9cb4353bed67ec5351734d4a44c0826847ae) + +Yeah, seems Harmony is dONE and the 1 M$ offer from Harmony team was ignored... + +EDIT 1: + +After a few hours the first wallet is almost empty, hacker has sent 6000 ETH through Tornado Cash mixer. But in the meantime, he sent another 6000 ETH from the wallet funded with 18k to another new wallet and now is continuing the quest of sending 100 ETH every \~7 minutes to Tornado Cash: + +[https://etherscan.io/address/0x4507ac1bdf4ae5e61ffcec3a9aeda312e2505970](https://etherscan.io/address/0x4507ac1bdf4ae5e61ffcec3a9aeda312e2505970) + +Most likely the rest of the funds will follow soon and be completely gone in about 4-5 days. + This trading bot will automatically place trades on the Binance exchange by detecting the most volatile coins in a given timeframe. + +The project gathered significant attention from the GitHub dev community, and have helped to make significant improvements to the original codebase, and I thought you guys might like it as well. + +The code was built with customisability in mind, where each user can modify parameters like: + +* Define what % increase constitues a buy signal +* Time elapsed between price checks +* Trailing stop loss / take profit +* Stop buying when the market is bearish + +In addition to the core functionality, the algorithm is now able to receive and act on external signals which are fully customisable. + +It uses data from Tradingview, and this returns buy signals according to the most relevant indicators. BY default if at least 18 out of 26 indicators agree that it's a good time to buy a certain coin, this will tell the bot to go buy that coin. + +The bot also has a newly-implement pause functionality. It essentially analyses 15 moving average indicators and if half of them show that's a bearish market, the bot will not buy during this period. + +You can also choose and pick any number of custom indicators from oscillators to moving averages and more. Those require a bit of coding, and I'm hoping to make it more user-friendly in the future but the core functionality is there. + +If you're comfortable with Python and would like to inspect the source code please be my guest: + +[https://github.com/CyberPunkMetalHead/Binance-volatility-trading-bot](https://github.com/CyberPunkMetalHead/Binance-volatility-trading-bot) + +Otherwise, if you would like a more detailed guide, and want to try this out start here: + +[https://www.cryptomaton.org/2021/05/16/trailing-stop-loss-and-more-improvements-added-to-the-binance-volatility-trading-bot/](https://www.cryptomaton.org/2021/05/16/trailing-stop-loss-and-more-improvements-added-to-the-binance-volatility-trading-bot/) + +We're currently working on a roadmap to turn this into a working web-app, so there's no steep learning curve for anyone trying this out. You can follow the development progress on GitHub, or here as I will be posting updates on the progress. +First of all, this is my first time writing out a full DD and there are gonna be gamma errors so please forgive me haha. I woke up in the morning and started my usual morning routine on superstonk and I came across this post. [619.15 DD](https://www.reddit.com/r/Superstonk/comments/oe2sar/61915_that_is_the_conservative_long_term_fair/h44vosk/?context=3) In short, this user did a comparison between gamestop and amazon and he compared the sales and then came to a conclusion of 619.15 as a long term price. I disagree with his post because it is much higher and OP did not account for a lot of factors and i will touch on them. Please feel free to add or critic because I can be wrong too. Also I am not a financial advisor nor this is financial advice. + +To start off, there are many ways to value a company from a fundamental standpoint and I will use the easiest way which is to price in the future cashflow and profit margins and then slap a multiple on it. I been a technical trader for years and I have been studying more fundamentals in the past 12 months so please feel free to comment your thoughts. The great thing about fundamental analysis is the fact it can be slighty off and it will never be to the dot which is why some stocks are undervalued and overvalued because of the different models investors are using. Anyways in the dd, OP just found amazon revenue and determine what portion was in the same market as gme and then did a little estimate on the amount of market gme can steal from amazon. OP did not take in account the entire market but rather just sales from amazon.... He also did not take in that gme has part of the market share and they have sales already. Personally, I know there are a lot of tech and video games places like best buy, Walmart and others and I am not even a gamer. So if OP wants to compare the sales this way, he needs to dig deeper and find all the tech being sold or in other words, the totally addressable market. I can't remember the number on top of my head but gaming is like a 150 billion just for gaming and if Gme starts selling tech like computers, phones, tablets etc then the market for that is wayyy bigger at 1.6 trillion. Some will add the NFT and since it is not here yet, imma leave it out but if NFT is added.... that is a new space and Gme can take the lion share of that market. + +Another point OP missed out is the profit margins, Amazon has a profit margin about 7.5% and Amazon spent billion on before turning in a profit because they wanted to scale. Similar to any growth company, the smart move is the invest the profit back in to scale up and that is exactly what Chewy did and they were not profitable when they ipo because all the cash was put back into the business. So if Gme can have a higher profit margin than amazon, the valuation will change dramatically and I can't say for sure because gme is still in an early stage as a tech company and I need to see more financial statements to come to a conclusion. For now, let's just assume gme profit margins on selling tech and video games are the same because I don't have the data. + +Next factor OP forgot was PE ratios! If you don't know what PE ratios are, it is essentially investors pricing in future cashflow and profits and PE are low for stable companies such as banks and essential companies like walmart. On the other hand, PE ratio is insanely high for growth companies and especially tech, take a guess at Tesla PE or Apple PE ratio. They are trading really high and there are many DDs on the sub that touch on the PE ratios and how overvalued the stock market is. I am not going to go into detail since this is on the gme valuation. Currently, the market is still pricing gme as a brick and mortar company but once the sentiment changes to a growth company and the market gives gme a growth company PE ratio, that would be a 5 to 10x on the price minimum. Brick and mortar typically trade at a 5x multiple..... So if gme trades at a similar PE to amazon or apple (they are trading at 40x right now), that would be a easy 8x on the price. This will happen in the long run as gamestop improves their fundamentals more and more and comes across a tech company and have growth priced in. This may take 3 to 5 years and it will allow gamestop to be a 100 billion plus company in a few years if they manage to grow their sales and profits. REMEMBER, N K L A, it is still worth 6 billion as of now on no sales and multiple frauds....... Its a GrOwTh CoMpAnY as wall street would say. It was trading at like 93 bucks at the peaks and nearly 50 billion in valuation on no damn sales. Talk about PE ratios..... The market was pricing in huge growth and pumping it up and it is still worth like half of gme on no sales.... The market tends to be really stupid in the short term so it may take time to come into fruition. + +Lastly, another big factor to a fundamental valuation is the management team. We got Ryan fucking Cohen and Matt from amazon and Cheung from chewy and Countless other amazing execs from notable companies. We saw how Cohen turned Chewy into a huge successful but this time is different. Gamestop has more cash than chewy (2 BILLON!) and more established since Gamestop being around for decades. Not to mention that Gamestop has a way bigger market than Chewy and Gamestop has millions of loyal customers that are supporting the company. Gamestop is a well known name due to the Jan mini squeeze and the branding is there! That is worth billions on its own..... Coca cola brand is worth like hundreds of billions because it is so well known. Gamestop is well positioned and I fully trust the team to change the world and My tits are jacked! + +In conclusion, Gme is worth a lot more than 619.15 in the long run (3 to 5 years). If I had to take a guess, GME would easily be worth over 100 billion in market cap in 3 to 5 years and that is purely on the pe ratio shift and I am not accounting the NFT opportunity and the other rumors such as partnerships and turning into a gaming center and esports. So imho, Gme is at least worth 1000 plus per share just on the PE ratio shift and I am being conservative asf. If NFT happens...... that is at least another 50 billion in the long run! I kinda dream of Gme of being a trillion dollar company one day base on Fundamentals if everything goes right.... but that is like 20 years down the road and I will def hold my shares forever. + +TLDR: Gme is worth at least 1000 a share and that is being conserative. Buy and hold! Tits jacked.🚀🚀🚀🚀🚀💎✋🚀🚀🚀🚀🚀 + +Edit one: Some people are saying I have no source to back up my DD. Remember when dfv was asked what is the price target? He said no precise pt but just up? The thing about fundamental analysis is the fact it is not perfect and when you are doing the analysis, you want to be as close as possible. If you really want to get down to the details, then try to predict the macro and micro favors like interest rates, taxes etc. It is impossible and it is discounted. So I gave out a conservative number to factor in the bumps and all the future unknown factors + +Edit two: can somone predict the macro and micro factors in the next few years? Something likes taxes, interest rates, is there gonna be a economic crash, is the fed gonna keep printing all have big effects on the GameStop business. My DD is fairly conservative as I only took the PE ratio into account and I did not add the Nft, esport and many other opportunities. When doing a fundamental analysis, you gotta be conservative as possible because things can go wrong that you can't foresee so you get a price then you slash it by a bit to be conservative + +Edit three: some of y'all want numbers. I don't want throw numbers but here is some basic math for those. Let's just assume the gaming market is 150 billion and gme takes 10% at a 10% profit margin on a 30x multiple. That brings the valuation to 45 billion. Which is roughly 600 bucks a share not adding anything else. Let's bring the esport in too, so gme captures 10b of the market at 10% profit margin. That is another 30 billion on the valuation. So 75 already. Obviously these numbers are a few years out and assuming they can have those margins. You can play with the numbers aggressively or conservatively. This is base on the current markets and not assuming growing markets and no nft. Just purely sales and profit margins. +I have a home remodel/addition that has been in the works for quite some time. The current estimate is about $1m total cost. I am sure it is like this in a lot of spots, but in my MCOL market, timing for construction is slow and unreliable. Even commercial leases are difficult because you can't get the buildout that tenants require. + +Anyway, I like to have money "ready" to pay for chunks of the project when they are requested. Right now I have $400k spread between 3 bank accounts, but of course there is no yield there. I would love if there was a good option that pays at least a bit of yield, and is very stable. It also would need to be accessible within a few business days. + +I used to use SHV for this, but short term treasuries have no yield now. Also **please don't suggest crypto**, I already have my crypto allocation and don't want to add or change it. + +Any other places that act as a bank account alternative? + +edit: I am not interested in debt. I am not interested in crypto for this, I already have stablecoins and I don't want to buy more right now. +Am I legally blind or is there a conclusion to all of this? I mean if Tether realized that just like with any other bank, ALL clients will never withdraw 100% of their money, they can print out a bigger ratio and use it to....pump btc...liquidate their positions.....maybe short some futures.....repump btc...? +Am I legally blind or is there a conclusion to all of this? I mean if Tether realized that just like with any other bank, ALL clients will never withdraw 100% of their money, they can print out a bigger ratio and use it to....pump btc...liquidate their positions.....maybe short some futures.....repump btc...? +WHEN INSTITUTIONAL FIRMS MESS UP, THEY TRY TO REGULATE RETAIL! WE NEED TO VOCALLY OPPOSE THIS! + +In the hearing today, many lawmakers (French Hill 🖕) grilled the witnesses about retail investors having more regulations to prevent things like the GME short squeeze. + +We don’t need regulations to protect us from ourselves. I’m sure we’ll all find a way to screw everything up anyways. What we need to safely trade/invest is market TRANSPARENCY. + +If Robinhood and the clearing firms had any fking transparency it would’ve been obvious that they were going to screw us over. + +It is clear now that the entire market structure RELIES on retail investors getting our backs blown out. When we notice an opportunity like GME (which is rare because we don’t have access to any fking data), their whole system falls apart. + +WE NEED TO RALLY FOR TRANSPARENCY / DATA THAT ISN’T EQUIVALENT TO A SECOND MORTGAGE + +REGULATE THE AHOLES WHO CAN AFFORD 140% SHORT INTEREST, NOT US +This would be for retirement, but looking for a dividend portfolio that has both growth and income in the dividend yield range I am seeking. + +The reason for this dividend yield range is I believe a 3.5-4.0+% dividend yield range (open to higher yield if it has good growth) would offer the best “sweet spot” for income and growth. (some people prefer lower yields or much higher yields). What do you think of this portfolio… + +50% SCHD-3.34% dividend yield + +30% PEY- 4.05% dividend yield + +20% SDOG- 4.03% dividend yield + +So far, I like this portfolio, I would say this portfolio would produce an overall 3.6% dividend yield. + +I like the 10 year track records of PEY and SDOG. some of the highest I have seen with that kind of yield. (PEY- 12.89% ten year return and SDOG- 11.16% ten year return). And we all know how good SCHD is. + +The only thing I don’t like about PEY and SDOG is their expense ratios. (PEY- .53% and SDOG- .40%). But I figured if they have the growth, then I may settle for that kind of expense. + +I have crunched in this portfolio using Portfolio Visualizer. The results from 2013-2022 (current date) with reinvested dividends and not adding anything to it with a 1,000 dollar initial investment- comparing that with the performance of the market. + +My portfolio 2013-2022: 12.82% return. + +VOO 2013-2022: 13.26% return + +Keep in mind, yes, my portfolio underperforms the market (VOO) in that time period (and will in general, cause it’s a dividend portfolio), But with the dividend yield I am looking for, and with that kind of growth… that is pretty good I think. + +I tried to aim for the highest 10 yr. return that is closest to the returns of the market within that dividend yield range. (From 2013-2022, I could only go back that far using Portfolio Visualizer, so nine+ years) + +Fill free to let me know your thoughts. +Officially the first day of dividend investing. So far I have opened positions in SCHD & O. Looking for advice as to what makes up a good dividend portfolio. Diversity? How many positions? Is there a right time to properly invest in a dividend stock? Etc. +All advice is greatly appreciated. +Please utilize this sticky thread for all **Bitcoin** price discussions! + +If you see vapid price posts on /r/Bitcoin/new, please help us out by directing the OP to this thread and reporting theirs. Thank you! +I am poor and have been for the majority of my adult life. I often feel out of my depth on reddit, because I'll see a conversation about jobs and someone's like "yeah, I was making 96k at my last job, but I didn't like the benefits package so I jumped ship to XYZ company. Now I'm making 125k and I get dental". + +It's like, damn dude, what are all these people doing to end up making piles of money? I have a decent work history and a bachelor's degree and I make about 14k a year. And that's with me actually trying. + +I'm not just trying to bitch about being poor, I just always feel like such a failure when I look at other subs where apparently everybody is a combination lawyer-engineer-doctor-astronaut. It's good to be able to talk finance with people who understand what it's like to choose between paying the electric bill and paying to fix whatever is making that horrible grinding sound in the car. +My boyfriend is about to start a new job, so we are going through all the paperwork. The firm is a registered investment advisor with the SEC. As such, they need to perform due diligence to ensure there is no insider trading going on (And perhaps other reasons, but this is the only one I am aware of). I understand the importance of this, and am on board with helping facilitate this process. However the Employer is requiring *me*, as his live-together girlfriend (not wife, not legal partner) to disclose all my financial holdings on a monthly basis. (Monthly statements sent directly to them.) I don't even get monthly statements myself! (I get quarterly statements). + +They say this is a requirement from the SEC. Is there somewhere I could go to read up on the details of this requirement? Would it not suffice to sign an agreement that I will not purchase or be involved with any securities that could cause conflict for them? + +I find this request invasive. Personal finances are, well, personal and this does not sit right with me. At the same time, my boyfriend is quite excited for this job, and I don't want to kick up a fuss and start his job off on the wrong foot. + +Neither of us are very financial people. I am inexperienced with this stuff. His role at the company will not a financial one. + +So I feel a bit out of my depth dealing with this. What does /r/personalfinance think? Am I being too protective or paranoid? Are they overreaching their bounds? + +Thanks! +Our first duty is to protect and defend forever bitcoin ecosystem and bitcoin network. + + +The sole principle of existence and the future is this. This principle is your most valuable treasure. Also even in the future, there will be internal and external enemies who will want to deprive you of this treasure. One day if you are obliged to defend Bitcoin and the network, you will not think of the circumstances, opportunities and conditions in which you will be found in order to begin your duties! These opportunities and conditions may appear in a very unfavorable nature. The enemies who will have a design against Bitcoin may be the agent of a victory whose equal has not been seen in the entire world. It is possible that by force or trick that all the nodes of our beloved network are under attack, all the miners have been compromised, all the non-complying hash power have been dispersed and in fact every corner of the ecosystem has been occupied. Even more deplorable and serious than all these conditions, those who are possessing power within the ecosystem can be discovered to be careless, taking refuge or even committing treason. Moreover, these possessors of power may unite with the political ambitions of the invaders for their personal interests. The network may be in utter poverty and become exhausted and ruined. + + +As you see, even under these circumstances and conditions, it is your duty to save the Bitcoin ecosystem and the network! The strength that you will need is present in the noble blood which flows in your veins! + + +Note: This is a (slightly modified) [excerpt](http://www.ataturksociety.org/about-ataturk/ataturks-speech-to-youth/) from Ataturk's (Founder of Turkish Republic) speech to Turkish youth. It rings true for bitcoin, so I wanted to share. +What’s your experience been with “time in the market is better than timing the market” philosophy? I’m a young investor (mid 20’s) and just keep buying VTI every other week or so. How has it worked for you veterans in the long run? Should I change anything? +I have $2MM worth of equity, concentrating on two big tech stocks because I used to work there. No plan to diversify or sell them. + +Starting to trade theta 6 months ago, I sell weekly CC and CSP using my equity as collateral. I'm very conservative and only choose striking prices at delta below 0.01. And I only collateralize around $300K - $400K for CSP every week. + +This strategy consistently generates \~$500 income weekly, half from CC and half from CSP (mainly from TSLA). I think it's a too conservative strategy because I saw most people on this sub use delta below 0.1 as a safe play. However, I'm not sure if it's also because I'm getting greedy. + +In addition to general risk tolerance, is there a framework to help me maximize the utility of my equity while managing the risk in theta trading? + +I'm all ears if you want to recommend any other strategy to leverage $2MM existing equities as a low-risk income generator. + +Edit: the $2MM are all equities with long history. I have no plan to diversify or sell them yet because of 1) large capital gain tax implication; 2) great growth. My goal here is to collect extra money using my existing equities in addtion to their appreciation. +Guten Tag to this global band of Apes! 👋🦍 + +This steady upward march is great to see, though it is little solace against the backdrop of the DTCC's fuckery. +Yesterday, I was enthralled by the DD credited to u/Daddy_Silverback, who shared insights about how the SFT schemes that are used to avoid delivery obligations would have been *ruined* by the DTCC handling the splividend correctly instead of as a traditional split. +While I haven't yet been able to digest all of the information, I think that this is a very compelling case. +We've known for years that the SHFs were using derivatives to hide their short exposure, but it was unclear where many of the FTDs were being hidden. +If you haven't yet read it, [I highly recommend that you take a look](https://www.reddit.com/r/Superstonk/comments/wg2e7j/beyond_the_wool_the_smoking_gun_and_how_the_dtcc/). + +Meanwhile, another stock announced a stock dividend, though implemented in a different manner than GameStop's. +They are issuing a different form of stock, valued at $0.01, and will distribute 1 share for share of the common stock. +I am not sure that that company is in a similar situation as GameStop, but I'll be very curious how the DTCC handles the distribution of these shares and whether it has the effect that many of their investors believe it will. +While they are two different dividend mechanisms, this seems like it has the potential to add an additional challenge to some institutions that are already in a pretty difficult position. + +I continue to be impressed by the rate of DRS. +It seems that now that we are over halfway through the process of locking the float, our momentum is just increasing. +The past week's events have made it incredibly clear that the best place to HODL with Diamantenhände is ComputerShare, and I'm eager to see the day that we have every share safely tucked away. +Thank you Apes for helping to make it happen. + +Today is Friday, August 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: **$37.54 / 36,83 €** *(volume: 19328)* +- 🟥 115 minutes in: $37.53 / 36,81 € *(volume: 19322)* +- 🟩 110 minutes in: $37.54 / 36,83 € *(volume: 19305)* +- 🟥 105 minutes in: $37.51 / 36,80 € *(volume: 19305)* +- 🟩 100 minutes in: $37.54 / 36,82 € *(volume: 19219)* +- 🟩 95 minutes in: $37.53 / 36,82 € *(volume: 19219)* +- 🟥 90 minutes in: $37.50 / 36,78 € *(volume: 19147)* +- 🟩 85 minutes in: $37.83 / 37,11 € *(volume: 19012)* +- 🟩 80 minutes in: $37.73 / 37,01 € *(volume: 19009)* +- 🟩 75 minutes in: $37.49 / 36,78 € *(volume: 18771)* +- 🟥 70 minutes in: $37.31 / 36,60 € *(volume: 17344)* +- 🟩 65 minutes in: $37.78 / 37,06 € *(volume: 8137)* +- 🟥 60 minutes in: $37.58 / 36,87 € *(volume: 8133)* +- 🟥 55 minutes in: $37.64 / 36,92 € *(volume: 7633)* +- 🟥 50 minutes in: $37.66 / 36,94 € *(volume: 7629)* +- ⬜ 45 minutes in: $37.66 / 36,95 € *(volume: 7628)* +- 🟥 40 minutes in: $37.66 / 36,95 € *(volume: 7493)* +- 🟥 35 minutes in: $37.67 / 36,96 € *(volume: 7493)* +- 🟩 30 minutes in: $37.67 / 36,96 € *(volume: 7462)* +- 🟥 25 minutes in: $37.67 / 36,95 € *(volume: 5705)* +- ⬜ 20 minutes in: $37.68 / 36,96 € *(volume: 5134)* +- 🟩 15 minutes in: $37.68 / 36,96 € *(volume: 4713)* +- 🟩 10 minutes in: $37.63 / 36,91 € *(volume: 4263)* +- 🟥 5 minutes in: $37.62 / 36,91 € *(volume: 1485)* +- 🟥 0 minutes in: $37.70 / 36,98 € *(volume: 853)* +- 🟩 US close price: $38.36 / 37,63 € *($37.71 / 36,99 € after-hours)* + + +*** +FAQ: I'm capturing current price and volume data from German exchanges and converting to USD. Today's euro -> USD conversion ratio is 1.0194. I programmed a tool that assists me in fetching this data and updating the post. If you'd like to check current prices directly, you can check [Lang & Schwarz](https://www.ls-tc.de/de/aktie/gamestop-aktie) or [TradeGate](https://www.tradegate.de/orderbuch.php?isin=US36467W1099) + +Diamantenhände isn't simply a thread on Superstonk, it's a community that gathers daily to represent the many corners of this world who love this stock. Many thanks to the originator of the series, DerGurkenraspler, who we wish well. We all love seeing the energy that people represent their varied homelands. Show your flags, share some culture, and unite around GME! +Everywhere I read says that the last recession that “was felt” in Australia - was in the early 90s. + +What do you remember from the time? I read that a few banks collapsed etc What was the most adverse effect that was felt? And what was the most adverse thing that affected most people? +I'm currently on holiday in Noosa and have found myself looking at property prices. Many are north of $2m, some (many) are north of $7m. + +I struggle to see how people are affording these. Between my partner and I we are clearing comfortably north of $200kpa excluding super. We've a modest mortgage and are looking at investment places as well as a lifestyle change in the future, but this sort of pricing seems ridiculous. +The majority of posts on this subreddit seem to be asking really basic questions that, half the time, don't even have to do with algotrading as much as just basic trading/coding concepts or technical analysis. + +You have people here that are [basically asking us to do homework for them,](https://www.reddit.com/r/algotrading/comments/g3e97k/need_help_selecting_predictors_for_building_an_ea/) people [basically saying "just copy their code bro,"](https://www.reddit.com/r/algotrading/comments/g3efhv/so_as_i_understand_correctly_you_can_copy_other/) and people [asking basic questions about a company's API which can just be googled or asked on any investment subreddit](https://www.reddit.com/r/algotrading/comments/g3ffd8/td_api/) (or just asked of the brokerage themselves). + +&#x200B; + +You guys need to crack down on garbage-tier threads and make one weekly thread for asking stuff like "how does an API work" or "how do I learn TA" or "what is coding." One of the [highest voted](https://www.reddit.com/r/algotrading/comments/96mjt2/some_final_words/) posts on the sub is basically echoing what I'm saying, that it's filled with trash that doesn't teach anybody about algorithmic trading or further this art in any substantive way. + +&#x200B; + +This place needs moderation for *quality and relevance of content*. + +&#x200B; + +Thanks for coming to my TED talk. +**Quadruple witching day is just ahead, what will happen in the stock market? Does Apple have room to grow again? DASH & ABNB are fading after crazy IPOs. Let’s talk about this and the latest stock market news** + +**\~Very Long Post\~** + +Hello everyone and Good morning! So, let’s start with the recap of Monday, as we saw a great start in the early morning with the Dow hitting an intra-day record, but the rally faded for the broader stock market and especially the industrial heavy [DOW JONES](https://ibb.co/yVcZV95) which lost .61%, with the broad market [SP500](https://ibb.co/xGBkgyF) also losing .44% while the tech heavy [NASDAQ](https://ibb.co/dWNjyCY) lived up to the recent reputation as a go-to defensive play yesterday and finished up .50%. Meanwhile the [VIX](https://ibb.co/mH5Pmsw) also spiked more than 6% and is nearing the 25 levels, which could mean significantly more volatility for the stock market. + +We also saw more companies declining [yesterday](https://ibb.co/jwVnsXt) on normal volume of about 10.5B shares, as we finally went below 80% of the companies trading above the 50-day simple moving average, as small-cap growth companies outperformed [yesterday](https://ibb.co/NNWkSQt) with large-cap value companies lagging, especially from the energy and industrial sectors. With energy losing more 3.5% for the day, while the only 2 gaining [sectors](https://ibb.co/0ymGMHL) were Technology and Consumer Discretionary, which seems to indicate what I was expecting, that investors are dropping losers from this year for tax purposes and betting again on the companies that sparked the rally since the bottom in March. And keep in mind that funds & money managers use this tactic for window dressing also, so that they can have a nice advertising brochure for next year. + +Here is the [HEAT MAP](https://ibb.co/kMTNKY7) from yesterday, you can see here the big wall of red in the energy sector, with Disney which saw a healthy correction after a huge run and Pfizer being some of the biggest losers. While Netflix, Amazon, Nvidia, Tesla and PayPal were some of the biggest gainers alongside the biotech sector. + +[HERE](https://ibb.co/tPnzGmN) is the economic data that will be received today, there isn’t anything big on the calendar, as we get ready for a lot of big numbers coming on Wednesday and Thursday. Just a reminder, there was no big economic data that came in yesterday. + +So, Quadruple witching day is just a couple of days away, and this time it will probably bring even more heavy trading volume than usual. + +For anyone that doesn’t know, quadruple witching [refers](https://ibb.co/p063Sgw) to the day when stock options, stock index futures & options and single stock futures expire on the same day. + +This happens 4 times every single year, and usually brings increased [volume](https://ibb.co/Gxr4pnc) to the stock markets, and guess what guys, this will coincide with the last day of trading before Tesla enters the SP index. + +So I believe this next week and especially the 17th-22nd will be very volatile for Tesla. + +At the [moment](https://ibb.co/SRTyzcN) there is more open interest in tesla stock options, with over 8 million contracts, which multiplied by 100 shares for each contract represent 800M shares, that is more than the actual free float for the stock at the moment at 760M shares. + +And, right now, there are a lot more put options contract on Tesla, with a put to call ratio of 1.5 + +My personal opinion is that we can see the stock continue to rise in the following days before going for a dip or correction following this huge moment of volatility for the stock. We can see the avg [volume](https://ibb.co/qYNg2dL) for Tesla has been near 60M shares in the last 10days, so there have been a lot of shares that have already exchanged hands. I believe most of the money managers, who are not obliged to perfectly track the SP indexes, have already finished up buying the stock, so I expect there will be a lot more sellers than buyers when most retail investors expect the stock to go even higher. But don’t take my advice, do your own research and analysis. Full disclosure, I am a bull long-term on Tesla, but just think there is a downside risk approaching. + +So let go through a couple of stock market news, [Apple](https://ibb.co/NVQsB0b) is planning on manufacturing almost 100M new iPhone in the first half of 2021, that would be an increase of almost 30%, as they are planning make more than 230M iPhones in 2021 (including new & old models). This is great news for the stock as Apple has been pretty much flat after the September pullback, and might finally get some momentum back when they announce sales for the iPhone in the next quarters. + +This might also be helped by the fact that US [consumers](https://ibb.co/f2Tfhpj) are expecting to spend more next year, even if they expect to have a pretty much flat income and earnings growth. This is an improving view of the consumers as they were expecting to spend less in the last survey from October. + +Meanwhile, as I expected [AirBnB](https://ibb.co/xSdVJrG) and [Doordash](https://ibb.co/wLfyvFG) have started to fade after that crazy IPO frenzy. [Doordash](https://ibb.co/tmyyWnW) fell more than 8% yesterday and is down again pre-market while [AirBnB](https://ibb.co/GnRxn3b) is also down almost 10% since last week. And with downgrades from analysts already starting to appear, this companies have small to no room for error at this valuation. Especially with Doordash which has received a significant boost in the last year, growth will be more difficult in the future and won’t justify this price point. + +We have also seen [Snowflake](https://ibb.co/J5j6DsP) come back to earth, dropping more than 15% in the last 5 trading days, as the first share lockup period expiration is today. This will allow current and former employees to sell 25% of their stock options, currently representing 1,3M shares. With Non-employee shareholders also able to sell up to 25% of shares, those shares stand at 38M right now, with the rest of the shares being unlocked after they release their second quarterly earnings report in March, + +We also got [numbers](https://ibb.co/8srNcwj) from New Jersey, as gambling keeps expanding even if sports are not back to normal. This is great news for companies like DraftKings. While others like Wynn will [benefit](https://ibb.co/zHL4Gvw) a lot from more tourism both in the US and in Macau. + +And just keep an eye on [Shopify](https://ibb.co/nMHptKW), as the company seems to be in the eye of the tiger, with Amazon looking into ways of entering that market also. + +So, guys, I still think there are a lot of positive catalysts for the markets, especially with a stimulus apparently very close, the European Central Bank [agreed](https://ibb.co/xqWDmZs) last week on a new stimulus for the Eurozone, as they keep printing money. And with interest rates probably remaining incredibly low after this week FED meeting, money will remain very cheap at the moment. So yeah, with the Pfizer vaccine yesterday, Moderna probably next week, and JNJ to follow in early 2021, I think we are poised for a good 2021 in the stock market. Especially with little political volatility after the Georgia run-off in early January as the US electoral College also formally [confirmed](https://ibb.co/pvjc9nf) Biden as the next President of the US yesterday. + +Let’s hope for a great day in the market as the [FUTURES](https://ibb.co/vjT9ghr) seem to be pointing at a good open, hopefully some green action continues after that. + +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’m new to this sub so I’m sorry if I break any rules, but a couple years ago I held a summer job at an amusement park. The job wasn’t very enjoyable so I don’t recommend it for anyone who is thinking about working at a place that is more geared toward children, but that’s beside the point. + +Fast forward to a few weeks ago I found a letter that I had received in the mail after I quit that said in order to receive my last two week’s payment I just need to sign the letter and send it back. I obviously didn’t do that because I was reading the letter 2 years later, but I signed it anyway and sent it back in. The check is a significant sum of money so that’s why I’m wondering if 2 years is too late. I haven’t heard back from them in a few weeks and I don’t know if it’s because of the pandemic or if it’s just too late. + +Someone told me they send it to the state and I have to contact them to retrieve it? So I guess my question is, is it possible to receive my check even after 2 years, and if so how? Any held would be greatly appreciated! + + +TL;DR: After quitting my job 2 years I received a letter that said in order to get my last check I need to sign the letter and send it back. I just signed it a few weeks ago and sent it back, but haven’t heard anything back. Can I get my money? +Earnings: $1.45 vs. $0.98 per share expected + +Revenue: $11.98 vs. $11.30 billion + +Expected Free cash flow 619 million vs. -319 million expected   + +Cash • Operating cash flow less capex (free cash flow) of $619M in Q2 + +Net debt and finance lease repayments of $1.6B in Q2 + +In total, $912M decrease in our cash and cash equivalents in Q2 to $16.2B Profitability + +$1.3B GAAP operating income; 11.0% operating margin in Q2 + +$1.1B GAAP net income; $1.6B non-GAAP net income (ex-SBC1) in Q2 + +28.4% GAAP Automotive gross margin (25.8% ex-credits) in Q2 Operations + +201,304 units delivered which is a 121% increase Y/Y + +Automotive Sales (excluding regulatory credits) were much higher than expected at $10,206 + +Successful launch of FSD subscription in July + +With new deliveries of the Model S to customers, TSLA broke notable records. They produced and delivered over 200,000 vehicles, achieved an operating margin of 11.0% and exceeded $1B of GAAP net income for the first time in our history. Supply chain issues continue to persist with semiconductors and port congestion. + +Notable Notes in the Release: + +"With global vehicle demand at record levels, component supply will have a strong influence on the rate of our delivery growth for the rest of this year. We successfully launched Tesla Vision in Q2, which was mainly possible due to our ability to use data from over a million Tesla vehicles to source a large, diverse and accurate dataset. Solving full autonomy is a difficult engineering challenge in which we continue to believe can only be solved through the collection of large, real-world datasets and cutting-edge AI. Public sentiment and support for electric vehicles seems to be at a never-before-seen inflection point. We continue to work hard to drive down costs and increase our rate of production to make electric vehicles accessible to as many people as possible. " + +What does this mean for TSLA? + +\- This report tells us all talks of Lucid and NIO as competition are obsolete as of right now. TSLA is the very clear top dog of the EV's. + +\- I do believe Tesla will have more competition from Ford and VW than anyone else. Ford and VW will both be able to beat them in costs and production, so this is something Tesla will have to address in the near future. + +\- With less regulatory credits for profit in the future this is only the beginning of what TSLA can do as a sole car manufacturer. + +What now for TSLA ? + +\- As of 7/26 at 5:30 TSLA saw a wild move up with consolidation around 672 for a 2.2% increase. + +\- This would be a very underwhelming move as they beat EPS by about 48%, but the stock is seen by many as overpriced already. + +\- I think one thing we can count on is an uptick of volatility in the near future as we saw in Dec. - Feb. + +Drop some price targets and thoughts on the report below!! + +Edit 1: I would also like to address the unquestionable benefits AI can have for Tesla. As comments addressed, VW and F may outproduce and better price EV, but it is autonomous driving and brain-like interface that will spectate Tesla from anyone else for a period of time. +This is in no way advice and written with my favorite red crayon in my nose. Long time lurker and holder of gme. + +Credit goes to [u/LongTermTendieLoser](https://www.reddit.com/u/LongTermTendieLoser/) & u/aquadisaster for posting elsewhere, this find. My smooth brain doesnt understand all of it but apparently the dtcc is going to require daily payment instead of at the end of an option as well as implement it within 10 days of submitting. Can we get someone with a wrinkle to elaborate further? [https://www.dtcc.com/-/media/Files/Downloads/legal/rule-filings/2021/NSCC/SR-NSCC-2021-801.pdf](https://www.dtcc.com/-/media/Files/Downloads/legal/rule-filings/2021/NSCC/SR-NSCC-2021-801.pdf) + +&#x200B; + +\*\*The new rule changes basically means the dtcc can now calculate this 'fat loss fee' everyday and even during the day and force a payment. So pretty much the dtcc is covering their ass and are going to liquidate the member themselves when shit hits the fan 😂😂😂😂 aka the dtcc will fucking crucify shitadel the day this pops.\*\*u/neversell69 + +&#x200B; + +(Note that as the poster of this I have only taken a few choice comments and links from those credited to get this circulated on this sub as well, all credit goes to them, I'm simply the first dumb ape to work out how to copy paste with my pixel crayons.) + +\*couple edits to clarify\* + +https://preview.redd.it/vnss18z6akl61.png?width=586&format=png&auto=webp&s=9c7447a5e89abd130eb5871693881c70f64b7843 +So for starters im a beginner, but how hard would it be to build an alert bot that would alert me if any stock comes close to meeting criterea like close to daily highest. High volume and some other basic things +There is a popular thesis that says something like: if the stock goes up too fast it would have to come down. I have turned that idea into an intraday backtest for 2021. Results below + +Each day I'm looking for stocks which + +* Belong to Biotech industry +* Have market cap under $2bln +* Domicile in the USA +* have been up 30% or more on a prior day + +Enter (criteria to open a ⬇️SHORT position): 1min chart + +* Stock price is under EMA 9 +* EMA 9 is going down +* Only enter between 9:31 and 11:30 +* If there are multiple candidates buy the one with highest RVOL +* Enter using limit price (close price of the bar when decision is made) +* 1 trade per day + +Exit (criteria to close a position): 1min chart + +* Stock price has been above EMA 9 for 2 bar +* Exit using limit price (close price of the bar when decision is made) +* Trailing stop loss 1% + +Initial capital $1,000 + +* Gain is reinvested the next day +* Loss reducing the buying power the next day + +**Results**: + +* 1 trade per day: GAIN **108.59% |** Max Draw Down **-17.22%** +* 2 trades per day : GAIN **473.51% |** Max Draw Down **-16.04%** + +&#x200B; + +[Return vs buy and hold $SPY](https://preview.redd.it/zsflmoueof481.png?width=2926&format=png&auto=webp&s=bf3266598fc4583c49abf8056f9372dc9e202ff7) + +[Top tickers traded](https://preview.redd.it/6s5o3tkgof481.png?width=2910&format=png&auto=webp&s=4994ce41a86c11d3383dd4c5d9b2ebcbeb0556af) + +Disclaimer: all calculations made using [BreakingEquity.com](https://breakingequity.com/) +Background: My health insurance's vision plan sets a flat amount ($450 in my case) that can be used on all vision related expenses (Dr. visits, contacts/lenses, frames) for a plan year. Because of this, I was calling around to ask the rates of a regular eye exam to maximize the amount of money remaining for new contacts. One place I called said they charge more for patients with insurance. I've heard of negotiated rates that insurance companies make with Doctors, but this is almost like the opposite! Instead of a reduced price, the price doubles! Why would the insurance company allow themselves to be billed almost twice the normal cost? + +For reference, I called some other Eye Doctors and their rates were around $230, so $350 is definitely on the high end. +For me, it was in mid 2017 when I was working at a startup as their marketing head. I loved what I did, which was digital marketing, a field evolving at a fast pace at that point and thus involved a lot of creativity, and so work satisfaction. + +But then at the same time, as I was exploring affiliate marketing, I started getting exposed to blogs on how to make money/passive income online. Also, Fiverr which I used as a client initially showed me how some top freelancers on Fiverr are earning good money, while having flexibility of time to work. + +I missed that in my startup job, that flexibility to work and the possibility of earning even when you're sleeping. Also, I read Tim Ferriss's 4 hour workweek and got to know how new rich are living their lives. They had optimized money not for superficial materialistic goals, but for having complete freedom over their time and lives. Having total freedom to work on whatever they like, whenever they like, from wherever they like and with whoever they like. + +At this point, I started thinking seriously about achieving financial freedom, and as I started exploring it on the web, I came across this subreddit and FIRE. + +What's your story? + + +[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!* +This is a pretty lengthy analysis of the current state of American Retirement Savings. It's interesting to see the contrast between the numbers cited on this subreddit compared to the median retirement savings in this country. + +&nbsp;&nbsp; +"The median family between the ages of 32 and 61 has only $5,000 saved in a retirement account..." + +&nbsp;&nbsp; +"The report’s interactive, embeddable charts break down the growth in retirement inequality by income, race, ethnicity, education, gender, and marital status, showing that: + +* Nearly half of all working-age families have zero retirement savings. + +* Almost nine in 10 families in the top income fifth have savings in retirement accounts, compared to fewer than one in 10 families in the bottom income fifth. + +* Only 41 percent of black families and 26 percent of Hispanic families have retirement account savings, compared with 65 percent of white non-Hispanic families. + +* Only married couples are more likely than not to have retirement account savings." + +&nbsp;&nbsp; +[Press Release for the study findings](http://www.epi.org/press/401ks-have-left-the-overwhelming-majority-of-americans-unprepared-for-retirement-32-charts-show-how-the-retirement-system-has-exacerbated-inequality/) + +&nbsp;&nbsp; +[Detailed study findings](http://www.epi.org/publication/retirement-in-america/) +I’m trying learn what the MACD (moving average, convergence, divergences) but every video and articles I find on it explains it like I have a fucking degree in astrology because the shit their saying is going right fucking over me. + +Can someone please just give me a basic rundown of what it is and how to read it. +Until now I had my savings in a fixed-term deposits account, but due to the low interests rates I am loosing money just by not keeping up with the inflation rates. Reading through the posts of this and other subreddits I see that the most widely used/recommended savings form is investing in broad range ETFs. + +I will definitely set aside some money on ETFs, but I want to also invest in something else. Are there other options that make sense? + +What do you guys/gals feel about putting money on pension funds, buying property on developing nations (e.g. Balkans) while not living there, buying precious metals, crypto, etc.? +Hi all! + +Small profile: + +30 y/o in France, around 120k in savings (45k in very weak saving accounts, around 0.5%). + +Each month I am able to save anything between 1.8k and 2.6k, I'd say 2.3k is a good average. I am currently living on rent and am childless, but plan to have one soon, so I guess my expenses will go up.I also know that eventually (I hope as late as possible) will receive in inheritance an apartment that has a renting potential of around 1k/month. + +&#x200B; + +I am mostly looking to save long term for a comfy retirement in about 30 year time. I read around a bit and feel like ETF is the way to go, so my plan is: + +&#x200B; + +**Long term portfolio:** + +85% on IWDA (iShares Core MSCI World UCITS ETF USD (Acc))15% on EMIM (iShares Core MSCI Emerging Markets IMI UCITS ETF (Acc)) + +The rationale is to cover the whole world, but favouring US and EUR markets for now. Makes sense? + +**Initial Investment:** Lump sum of 50k, not more because I want to have a 1 year emergency fund for both me and my partner, because I want to have some "play" money and because to be fair I am still fairly scared. Not sure if this is a bad idea, but sound like a solid start? Should I push more? + +**Monthly contribution:** I am planning to invest around 1.3k monthly. This leaves me between 500 to 1.3k to unexpected expenses and seasonal expenses (e.g. travels), also sort-of accounting already for foreseeable increase of expenses. + +&#x200B; + +**YOLO Investment:** I am planning to have like 2k I have now to do a bit of stock picking, mostly understanding is a game rather than a sound investment, but hopefully can lead to a bit of profit (or not, I am aware of that). I want to learn more about this world and playing I feel like a good way. + +Does the above make sense? Do you see something that can be better? +I have always used a maestro card. Today I received a v-pay card. I know it's backed by visa but I have never actually seen the v pay logo in the Netherlands. Most shops just display maestro available. I dont recall seeing a vpay logo outside of netherlands as well. + +I am considering replacing it but it takes a week. I can start a procedure to get it replaced by my bank but it would take another week. + +What do you guys think? +I have been using Interactive Brokers for almost a year now. It was fine for the most part, but the last months were a complete disaster. Their platform wasn't allowing users to log in at least two full days in December leaving the users completely unable to manage their accounts (https://www.bloomberg.com/news/articles/2020-12-07/interactive-brokers-users-report-problems-with-trading-platform). + +Additionally many users were not able to log in after the issue was fixed because of "to many unsuccessful logins" error. The only way to to access your account was to call the support, go through the identification and ask for account unblocking. Imagine waiting time with thousands of customers in the queue. + +Banning users from buying GME stock last week convinced me to switch to another broker. + +I am looking for a RELIABLE broker without full day outages. A broker which wouldn't ban buying certain instruments thus manipulating the market. I don't care about the fees that much. I would be happy to pay 10 times the fees of Interactive Brokers as long as the broker would be reliable. I mostly trade US stocks. Which broker would you recommend? + +I've heard Degiro didn't restrict any trading on GME. How about the outages? Are they reliable? Saxo also got my attention but I'm not sure if they restricted GME trading last week. Cloud you share your experiences? +So, I just inherited about 72.000 EUR. What should I do with it? Inflation is causing it to lose it's worth every day but with the expensive energyprices I do not want to risk loosing it in a wrong investment. Any advice would be a-okay! +Hey people, + +Is it mandatory to declare the dividends earned in a year even if the total is less than 801€? + +Since I use Trading 212, the data is not send automatically to Finanzamt, does anyone has a good link to share that points exactly how the declaration should be done? (field numbers etc) +Hello all, + +My husband and I are in our mid-late 20s and I’m feeling panicked because I have no retirement savings. At the moment, everything is just accumulating in our German checking account with essentially no interest because we’re pretty overwhelmed about how we should be handling investing. + +I am a US citizen with permanent residency in Germany and the option to apply for German citizenship is 1.5 years. My husband is a dual US/German citizen. We both grew up in the US. + +We moved to Germany 1.5 years ago and plan to stay for the rest of our lives. We are both employed by German employers and assume that this will continue to be the case going forward. Neither one of us has a company retirement plan (bAV). + +I’m starting to feel like I have to give up my US citizenship if I ever want to be able to set myself up for retirement, but I REALLY don’t want to do that. + +Feeling totally over my head and financially illiterate. I’m feeling like I’m so out of my depth that I wouldn’t even be able to evaluate whether a financial advisor was giving us good advice or screwing us over. + +Any advice would be very much appreciated! +I’ve been developing some educational software for the past year and a half, and it’s been in beta for the past 3 months, just barely cash flow positive at this time. I was planning to do a full launch this September, and realistically aimed to earn around 100k/yr at worst and 270k/yr at best off software sales, based on my university’s estimates. + +Recently, one of my old bosses (runs a private school) has told me he’s interested in buying me out completely for 500k. Obviously as a college student on student loans, this is more many than I could conceive having. + +With that much money, I’m seriously considering leaving school, using some of the money to build more software and try to sell it, and invest the rest. I’m currently in my second year (major in finance, minor in CS). + +While I know this offer was incredibly lucky and school is a safe bet, I really think this money could be enough for me to make more meaningful products. I also don’t really enjoy university, but who does. + +Thoughts? +Let’s say you open a spread with 30 DTE and collect a $100 credit. If the spread hits 50% of max profit before the 15 day mark, usually the idea is that you close it, because there’s not enough credit remaining relative to the time value of the spread, gamma exposure in expiration week, etc. + +That’s at least the strategy I’ve seen a lot of people use. + +Does anyone close their spreads as soon as this ratio between time value and % of remaining credit becomes uneven? + +For example, let’s say the first day you’re holding the spread it hits 10% of max profit. Your option has only burned around 4% of its time value, but you’ve collected 10% of your max profit. Do any of you close it then? + +I guess the logical counter argument is that options are priced efficiently, and therefore it’s equally likely that this asymmetry between time value and % of max profit will hurt you with a losing trade. However, doesn’t that also mean the “close at 50% profit” idea doesn’t really do anything? +My relatives have sought advice since nearing retirement about avoiding care home fees and a local solicitor supplied the below information: + +"I have regretfully seen at first hand the devastating consequences of the care trap. + +This may be because the husband and wife have outdated Wills in place that fail to protect the family home, or no Wills at all have been made. + +Anyone with savings of over £23,250, which includes the value of the home, is expected to fund their own residential care which may cost over £50,000 each year in 2022. + +The good news is that that if partners or a husband and wife have the right Wills in place together with sensible financial planning, such as owning their homes as tenants in common, then considerable protection from care fees can be achieved." + +In addition to quoting them £300 to draft a "professional will" that would relinquish them of care home fees. + +I've done a little research in the past for my own parents & always came up against the fact that there is no time limit that local councils can go back & try prove that they've intentionally deprived themselves of assets, so I'm thinking surely it cannot be as straightforward as throwing £300 to a solicitor & the entire concern goes away? + +Crossposting this on legaladviceUK too, thanks in advance.. +Wife and I keep debating a vacation home. Ideally we would want a 2 or 3 bedroom condo with a good HOA in the Orlando area. There is a lot to choose from and average price seems to be between $200k to $280k, easily in our budget. + +The issue is that Orlando has a ton of vacation rentals as well. The exact condo we could buy rents monthly for around 3k. + +Ideally we want to spend between 3 to 5 months a year in the area. So for those that did a second home, looking back do you wish you had just rented instead? + I am considering FIRE'ing from my current career to focus on getting into real estate. While I am technically FI, I do not have a desire to scrap it all and travel the world or focus solely on hobbies etc. (although this sounds heavenly) + +Mainly, I'm tired of working for someone else in a stressful environment and would like to focus my energy and money on something tangible, like real estate, and do it on my own time. A bit about me: + +* 30 male +* Married, no kids (will have 2 max in next 5 years) +* \~$6MM NW: + * $5M portfolio + * $250k cash + * $250k house + * $500k other + * 5% ownership in tech startup doing $3MM annual recurring revenue (excluding this from NW as startups are startups and could still fail) +* MCOL (US South East) +* Tech industry +* Business side (non-dev) +* I have invested in one lease-up medical office building deal in the past with success, flipped a house with no success (never again), and working on buying a 20 unit multi-family property in the next 6 months with a real estate partner. + + +My end goal is to continue generating income outside of the passive income from my portfolio, but to do it on my own time. So, as the title states, I'm wondering how long/how much money it took for those who were FI and quit their corporate job to pursue real estate to generate similar annual incomes to their previous career. +4 weeks away from exiting a business I co-founded. Whew. + +I'm in my late 40s...net worth around $13MM (not including housing)...I'm excited and nervous. + +I've read books about making this transition. I've convinced myself that it's not foolish to walk away from big earning potential. I've gotten comfortable that I have enough in the bank. + +I've even got a plan for a "light" career in my next chapter...even if I don't really know how to execute on that plan. + +Despite all of that, I'm pretty anxious. Building a business over the past decade+ has left me with a lack of balance in terms of friends and hobbies. I spend so much time thinking about and talking about the business in my personal life, that it's hard to wrap my head around the size of the empty space that I'm going to be creating when I leave. + +Wondering if others have experiences to share. Particularly interested in those that had some challenges making the transition...or those that THOUGHT they would. +tldr: After 5 years of FIRE, in spite of everything looking good on paper, we still get anxiety from time to time that we need more to be “safe.” + +For others who have FIRE’d and have no real back up plan for returning to work or viable prospects for sustaining your lifestyle through W2 income, have you been able to relax and trust your passive income? When and how did it happen for you? + +I know this sub likes details, so… + +Family of 4, early 40s, young kids, FIRE’d 5 years ago, low 8-fig, conservative investments 70/30 index funds/fixed income, with enough cash and fixed to carry us for 10 years if things go to shit. We burn 2.5-3% SWR each year. + +Very nice house in an astronomically expensive zip code is our main big splurge (mortgage, property tax and insurance are nearly half our expenses), but has been totally worth it. + +There was study where no matter how much money people have, they always say they need 2x more. I think we feel this way to some degree. But for me I look at compound interest projections and think “okay, 5 years from now, hopefully we’ll have made back all the money we spent on post-IPO cap gains taxes and real estate, and eventually our SWR will be 2% or less, then we can really relax.” + +fwiw, all the usual scarcity mindset and childhood baggage apply. But also, maybe the anxiety is rational. 3% may be safe in theory, but it makes sense to want more of a buffer. +No idea why they would do that but I wanted to bring attention to it: + +https://np.reddit.com/r/CryptoCurrency/comments/u207fe/nancy_pelosi_works_at_coinbase/ + +original post follows below from /u/Far-Scholar9028 incase they also delete it: + +----- + +16 hours ago Coinbase asset shared this medium link to their twitter. [https://blog.coinbase.com/increasing-transparency-for-new-asset-listings-on-coinbase-e06f2edb095e](https://blog.coinbase.com/increasing-transparency-for-new-asset-listings-on-coinbase-e06f2edb095e) + +Transparency for potential new asset listings on coinbase. There is an address that bought a few of the shitcoins listed on there 6 hours before coinbase posted their medium onto twitter. Here is the link for the address. [https://etherscan.io/address/0x1c84a6d53f8950cd06a4016e5f547a089dd7b6fb](https://etherscan.io/address/0x1c84a6d53f8950cd06a4016e5f547a089dd7b6fb) + +[Here are the tokens that can be found in the wallet](https://preview.redd.it/xlaw6l6wt3t81.png?width=1338&amp;format=png&amp;auto=webp&amp;s=08ba9c08fc3f3283e11741511426f754b2d43585) + +Guess what, + +https://preview.redd.it/lm8jipt3u3t81.png?width=525&amp;format=png&amp;auto=webp&amp;s=a363294668d9ced2530c649f3125da06a070e358 + +[6 hours before the release, this address bought a good amount of Krom](https://preview.redd.it/w54ipipau3t81.png?width=1326&amp;format=png&amp;auto=webp&amp;s=fdf52973095339d22866da1b1e076d93fe392518) + +[Next is NDX](https://preview.redd.it/997tgirmu3t81.png?width=543&amp;format=png&amp;auto=webp&amp;s=1e337010d244ec2fa806cbdb1148f2b264e6e041) + +[Same again, bought it around 7 hours before.](https://preview.redd.it/yf0i2v8qu3t81.png?width=1331&amp;format=png&amp;auto=webp&amp;s=03fd1aa8f3c9a1d4dfeb62277130e5d125041803) + +[RAC is next, god damn who ever this is, is either the luckiest or is insider trading](https://preview.redd.it/vo502c14v3t81.png?width=513&amp;format=png&amp;auto=webp&amp;s=bd3822b8a829a1fa0ae6b71e7411a27a028f0b51) + +[13,377 tokens bought around 8 hours before medium was shared.](https://preview.redd.it/rqt3x39bv3t81.png?width=1324&amp;format=png&amp;auto=webp&amp;s=02901684e49daa73db5b10dd779dbe578fb80c71) + +There are 3 more tokens in the wallet, and it is the exact same story. Someone needs to be fired from coinbase, this shit is illegal tbh. What do you guys think? Either this person is lucky with the shitcoins they choose to buy or they had insider info and bought accordingly. + +[I mean whoever this is has probably gained more than 30&amp;#37; in a day from their antics. Interesting](https://preview.redd.it/j95kbxnsw3t81.png?width=608&amp;format=png&amp;auto=webp&amp;s=dc7f3ae3fce318fbc39a0f830634c9c33ff1e000) + +----- + +**UPDATE**: /r/cryptocurrency has now DELETED the original post despite news sites [picking up the story](https://decrypt.co/97631/ethereum-trader-400k-tokens-coinbase-before-public)!! +Everyone here who has a bit of experience should know that day trading requires consistent discipline in order to reach consistent profitability. Of course, if it was that easy to reach that level, we’d all be there already. The worst trap to fall into is gambling, but oftentimes, we won’t catch ourselves until we’ve actually fallen in, and no one is immune from developing such an addiction. Thus, let’s see if we can spot the signs before it’s too late. Here are a few tendencies to watch out for… + +1) When you lose, do you feel the need to win your losses back? + +Instinctively, all of us probably will say “yes.” However, the difference is that some of us will act on it, which often makes our losses bigger. The worst will keep going until the losses become so big that they can no longer take the pain and/or have run out of capital. + +2) When you win, do you feel the itch to keep winning? + +Disciplined traders know when to stop and understand that the potential to mess up is just as high as the potential to win again. If it’s difficult to stop when you’re “on a roll,” take a step back and recognize the unhealthy mindset developing. + +3) Do you try to time the top or bottom of a move? + +Every trade has an entry, stop, and target(s) that should be planned in advance and stuck to during the trade. If price hits a/the target, but you’re holding for more too frequently, watch out, because you may just be letting gambler’s greed override your plan. It’s impossible to always time the exact top and bottom of a move, so don’t try to chase the extremes. + +4) Do you constantly think “I could’ve had more if I only held”? + +This ties into the desire to time the extremes in #3 above. Now, if you got out early because you weren’t disciplined enough to hold until your profit target(s), that’s one thing. If you took profits at your target(s), but constantly wish you held until the exact top or bottom, step back and straighten out your mind. + +Hope these help. Feel free to add your own. +Edit: Thanks for all the input! I will try and get on to Tenants Victoria or Consumer Affairs Victoria and run it past them as well. I will also try to understand the landlord's reasons in a bit more detail and genuinely try to be reasonable without accepting any outcome I'm less than happy with. I'll post again in a couple of weeks with an update for those interested! + +------------------ + +Hi AusFinance, I see a few of these posts from time to time but was surprised to get a call from the REA this morning asking me to move out by July. + +Context - apartment in Melbourne not far from the CBD, I moved in February on a 12 month lease and have had no issues or conflict with the REA or LL so we are good terms. I know LL is a small business owner so I'm assuming they are doing this for financial reasons but I will ask them to clarify before we negotiate anything. + +REA mentioned if we can't come to an agreement that LL can go to VCAT, does anyone have experience with this and know the likely outcome if I refused to move before the end of the lease? + +Ultimately I don't mind moving given I would have to move next Feb at the latest anyway. I'm aware I picked up this place for pretty cheap rent so I'm worried I'll have to pay a bit more for something similar. The LL is open to negotiating some sort of compensation, I will go hard to cover moving costs, risk of higher rent for the next place and general inconvenience, especially given their alternative will cost them a bit. + +I will do my own research as well but keen to hear any insight or experience you have! + +This may be only partially relevant to this thread, but ausfiance is always full of golden advice so here goes. + +I am a 19 year old uni student. + +I am working as a manager at a fast food place, I work around 30ish hours a week. I have been a manager for around 6 months now, I plan on moving into a more relevant job after this year. I feel like I actually learn a lot from this job in terms of interactions, management and pressure etc etc. I earn around 700-800 a week. I spend no more than 600-700 a month. The rest is savings, whether cash or shares investment. + +At present, I have around 30k total in liquid assets. I have 12k in shares and around 18k in cash across 4 bank accounts. I have a platinum credit card which I pay off every month and use for points. With regards to shares, I also do a bit of short term trading and I have some more long term holds. + +In terms of uni, I am currently studying Bachelor of Economics at Sydney Uni, I am in the pre-honours stream so it will be a 4 year degree. Currently my WAM is about 80 after my first year. + +I have further set aside 4K for a future holiday (as well as 150k Qantas points). With covid, this holiday seems like it won’t be till my 3rd year or something. + +I plan to look for some internships in a few weeks (I know no one accepts first/second year students in four year degrees officially), but I plan to email a few places and hope for the best. + +What else can I do improve my prospects in terms of finance or career wise? + +Maybe I am just a perfectionist, but I feel like I can being do more but don’t really know where to start (truth be said I still sleep 10 hours a day which is valuable time I can use for other things I am sure.) + +Edit: THANK YOU ALL GUYS, THIS IS WHY I LOVE AUSFINANCE +Hi folks, + +New investor here, researching out-of-state multifamily for a buy-and-hold strategy. + +I have enough starting cash that I have a choice: + +I can buy 1 property that is larger, has more units or bedrooms, is in an A or B quality neighborhood, is in better condition, and is in a city or neighborhood where values are currently appreciating. + +Or, I can buy 2 or 3 properties that are smaller, B or C neighborhoods, might need more rehab, and are located in a city or neighborhood where the market is more stagnant. + +How do I weigh this decision? + +Thanks! +Cheap to buy shares by the hundreds at $13/share, good dividend, if your ridiculously high strike gets called, you still win. + +What am I overlooking here…? +Zero friends of mine are stacking Bitcoin. + +Zero family members are stacking Bitcoin. + +There is zero Bitcoin talk around me. + +Only one other co-worker I am aware of is stacking Bitcoin (great for him!). + +We are still so early it’s not even fair for the rest of the world. Congrats on being here… now. You are literally the cliff of your family’s generational wealth. You just gotta do 3 things: HODL, STASH and BE PATIENT. +I think Berkshire price is fair and safe to accumulate because of various way I’m evaluating it, looking for your feedback, especially the flaws you see in my reasoning. Thanks. + +1. Massive shares buyback by Buffett at 280$ (BRK.B), 27B in 2021 and 4B more over 300$ in 2022. He said won’t buy unless it’s safely below intrinsic value and there’s no better opportunity. P/B is now at 1.32 which is probably below Berkshire intrinsic value. Buffett mentioned intrinsic value at P/B ratio of 1.2 first time in 2013 annual meeting. I assume book value grew more than 10% since, and intrinsic is following Book according to Buffet. + +2. Berkshire market cap is 606B today, 334B in investment portfolio https://www.cnbc.com/berkshire-hathaway-portfolio/, so a net value of 272B for Berkshire conglomeration generating steady average 25B net earnings last 3 years, that’s a P/E of 11. Note that the investment portfolio is probably overpriced similar to SP500. Hope the two balance out. + +3. Look through earnings from Berkshire investment portfolio is roughly 9-10B (I did the math on the top 5 holdings to confirm), adding look through earnings to operating earnings averaging of 25B gives me 35B, so approximately a P/E of 17.3. + +4. Benjamin Graham criteria in the Intelligent Investor (Chapter 12 on earnings) set a cap at 22.5 for PE * PB, Berkshire is currently at 17.3 * 1.32 = 22.85. +Disclaimer: I own 70 shares of F, precisely because I think it is a great value. I am not encouraging you to purchase it because I think the price will go up even if no other retail investors see what I see. This is not financial advice. Also, if this is the wrong flair I apologize in advance. + +Look at the article below, but also consider that the Biden administration wants all federal vehicles to be electric vehicles & the separate announcement that all federal purchases will be American. I’ll add the links to the announcements this evening if that will be helpful. + +Personally, I think the only real contenders are F, GM, maybe TSLA. I’m leaning towards F, but anyone else looking for a good value might want to do some DD of their own on F and GM regardless of who wins the government contract. I plan on holding F long term. + +I can post some of my DD later this week if anyone is interested in seeing it, but I also want to know what you all think/just throw a stock out there for anyone who wants to practice their research skills. + +[Ford and Google Ink New Deal](https://www.cnbc.com/2021/02/01/ford-and-google-sign-six-year-deal-for-android-in-car-apps-cloud.html) +First of all, I know IPO's are always overvalued but $TOST increase is crazy. + +I'm looking at \[$TOST 10k\]([https://www.sec.gov/Archives/edgar/data/1650164/000165016422000009/tost-20211231.htm](https://www.sec.gov/Archives/edgar/data/1650164/000165016422000009/tost-20211231.htm)). + +When I go to page 140 it says this for their stock options: + +https://preview.redd.it/x5ax8aoi3rq81.png?width=900&format=png&auto=webp&s=c7198492a96a186d3a6a6f98811b7ffc05a7fc77 + +So you can see from the above image that they say their \`weighted average fair value of common stock\` was $17 at the end of Dec. 2021. This presumably means that the 'average' share price of $TOST over 12 months was $17. I.e you take the share price at each month and multiply it by 12. + +Their IPO was on Sep. 2021 at $50\~ a share. + +However check out their fair value average throughout FY2020 from the above screenshot. It was $3! + +Now they have doubled their revenue but that doesn't mean much when FY2020 was a covid year and restaurants tanked as that revenue growth of 100% YOY is not sustainable at all as it's a rebound from lockdowns. + +So the increase from FY2020 price of $3.23 to the IPO price of $55 is an increase of **1618%**. + +Basically what I'm saying is quit your day job and just invest in companies pre-IPO in super hot bull markets and dump it all on retail investors and wall street guys who don't understand tech stocks... + +Did any analyst question this or ask management on their earnings calls? Nah. +I wanted to get the perspective of value investors on what major factors might cause or influence a recession in the US in the short-term. I wanted to have a discussion with investors because we are more pragmatic and open-minded, rely less on sophisticated theoretical models, and what might happen in the future matters to us. + +Rant aside, I came across a Bloomberg estimate the recession would hit the US sometime in Q3 2023 (quite precise estimate lol). I've read similar lines in other sources as well. I've also seen in historical charts that recession has generally hit the US economy right after interest rates sharply increased and peaked (which might happen sometime next year). + +What factors could cause or influence recession going forward: Could it be interest rate, which is running high and can lead to defaults? Could it be sustained inflation, which is high but is showing signs of abating (though it may be transitory, who knows)? What else could it be? + +What factors could cushion us from inflation? Could it be household savings, which are still close to all-time high and could sustain demand? What else? + +And how worse the recession might get? What leading factors indicated it? +Do you guys actually go thru the company 10k and 10q to come up with dcf model to come up with a fair value? Or do you guys just use analysts projections? +Hello, + +I cannot understand why Buffett bought Chevron. + +I see EQNR, SU, XOM or CNQ producing better numbers with similar incentive plans for management. + +Why Chevron? +# Some Heartfelt Words + +Hello, r/SuperStonk. I am not a financial advisor. I am merely autistic, number-crunching engineer. + +I have been pushing this theory a swinging cycles for a few months now. When I first presented it, I was teased, mocked, and memed. I went through quite the hazing when I first posted this theory to reddit. I bring this up to specifically comment on my frustrations I have felt as a result of those that have not gone through that ostracized feeling but have yet benefitted from this idea. I have spent countless hours going through iterations of modeling and cross comparing models, data sets, sources, distributions, and so so much more. + +It is my view as a engineer with a strong stats background that TA has not been applicable to this specific ticker for a very long time. This is evident because of my formal training in orthodox statistical analysis and it very prevalent uses in this specific situation. I have not changed my original idea that an underlying, repetitive computation has been at play. I have evolved the ways I have modeled it but my greatest thesis of the existence of an algorithm has been constant. + +During the times when I was constantly teased, ridiculed, and so many other harsh responses the internet tends to give those that introduce a thought that greatly contradicts the overall community's belief, I did exactly what I have been advised to do. I was told that when everything went dark, to trust the DD. I trusted mine. + +# To Understand is to Love + +All my DD, twitter spaces, statistical examples, et cetera have been worded with having those that are completely new to investing and data analysis in mind. I did this to encourage learning a subject I have a great love and passion for and to show how this stuff isn't really all that intimidating. Although something may look really, really hard and complicated, when you spend the time to observe it and understand it, you must realize that it really isn't at all. + +The most beautiful thing to me about this particular behavioral trend is its simplicity. There isn't a bunch of lines drawn influenced highly by observational bias and there isn't some sort of coding script to identify patterns. It literally is just looking at the data as a function of time which is one of the most fundamental examples of statistical modeling. + +This is poetry to me. + +# God from the Machine + +The term "Deus Ex Machina" is defined as "a person or thing that appears or is introduced into a situation suddenly and unexpectedly and provides an artificial or contrived solution to an apparently insoluble difficulty." To me, I interpret that something so improbable that occurred in an all too perfect way could have only have happened by divine intervention. For me, this "algorithm" is my Deus Ex Machina. It is my black swan. + +# Evolution of a Theory + +I purposefully have not posted a follow-up to one of my previous data analysis where I identified when the most significant dates along with the history of these swings because I received too many response show they bought options from my conclusions. I did not like how what I posted for others as purely a form of knowledge was used for financial gains. Since we are now so close to when I believe a very volatile (potentially MOASS inducing) day will happen, I am writing this up. I believe I have gone over my statistical analysis and mathematical process flow enough where the below graphs can easily be referenced to my previous DD. + +# Without Any Further Ado + +[Overlay of previous to current cycles' greatest single day decrease ](https://preview.redd.it/i3hoviben0m71.png?width=797&format=png&auto=webp&s=8850e5e06b9847e22d43ce0c89467846b6fcb0d0) + +[Overlay of previous to current cycles' greatest single day increase ](https://preview.redd.it/0uszknrkn0m71.png?width=788&format=png&auto=webp&s=966e04e4e52605169abfb9f807d1f058455114fe) + +&#x200B; + +[Greatest Overnight Change Theory ](https://preview.redd.it/1879td9vq1m71.png?width=1577&format=png&auto=webp&s=81b1c8b3961d17a5cf3afe601655b6e5c7ebf62b) + +# Conclusion + +The repeating cycles are suggesting for a very volatile week. + +# Thoughts + +I believe in you. It really is that simple. Data analysis, investing, stocks, or whatever isn't intimidating if you just take the time to observe and notice what its true nature is. Take good care of yourself because there is only one of you. + +# TL;DR + +Buckle up and get ready to see how well you can hold. + +Edit 1: [tweet](https://twitter.com/pwnwtfbbq/status/1435122799429840896?s=20) + +Edit 2: For the Greatest Overnight Change Theory Graph, I made a typo of 5/24 and edited it to 5/25. + + +[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!* +What many ICO-scammers don't want you to know is that developing a decentralized app is far cheaper than your average app. + +All the database and server maintenance is handled by the ETH blockchain developers and nodes. + +The DApp developer only has to come up with the contract logic. And web design is cheap. + +In fact, before the ICO craze starting in late 2016 many DApps were being created for free. + +E.g. EtherOpt (decentralized options exchange) + +So when someone tells you that they need more than $100k for their DApp, just know that they are taking advantage of your ignorance of the true cost of developing a DApp. + +Which is almost zero for even a mediocre developer. + + +[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) | [📈 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) | [🤔 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) | [💡 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) | [📰 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) | [🚨 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) | [🏆 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) | [🥴 Misleading Title](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%A5%B4+Misleading+Title%22) + +To filter out CS/DRS posts, click the link or type [\-flair\_text:"💻 Computershare"](https://old.reddit.com/r/Superstonk/search?q=-flair_text%3A%22%F0%9F%92%BB+Computershare%22&restrict_sr=on&sort=relevance&t=all) 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!* +Good Morning Apes! + +I want to thank you all for the support yesterday, losing a loved one is never easy and your kind words really meant a lot. Your support continues to motivate me to do this, day in and day out. + +I weighed the possibilities and decided that throwing myself 100% into my work is obviously the best thing for my psychological health. Thoughts make bad company. + +So what's going on in the market today? + +Well Hang Seng up last night (2.72%), the DOW gapping up 1.90%, finally the S&P 500 up 1.18% in the pre-market. It looks like those deferment dates moved that monthly expected SLD up a week, or at least that is what is indicated by the corrective behavior in the market this last week and the bullish turnaround this morning. + +GME is also a beneficiary of this large premarket move. Up $6 since market close yesterday and with earnings after market close tomorrow we may see some volatility pick up today and tomorrow and a larger spike in IV as well. + +We spoke a lot about FINRA deferment schedule last week. Well, the required deposits for margin from that Nov 19th date are due tomorrow same day as earnings. If that deposit requirement is failed then the 13th could be pretty interesting. + +***\*I should note that if a extension was requested in writing and the deposit is missed, the failing entity can be granted a 15 day extension 4 times. Pushing this out till as late as February 8th. This is only in the event that margin was failed and the deposit was not made.*** + +https://preview.redd.it/zvgzwri5h4481.png?width=1395&format=png&auto=webp&s=ec50342acbf486db8e771d1010733e2f85084cb8 + +I also wanted to update everyone on our current cycle + +[Volume currently indicates a failure to roll forward future contracts, likely due to illiquidity. A failure to roll these contracts forward leads to a large number of FTDs both on GME and GME containing ETFs. Same as last January. ](https://preview.redd.it/fgo3kiw4j4481.png?width=2453&format=png&auto=webp&s=07578d2a266d14285edbfbe22a671c37949aa8ad) + +Make sure to check out [MOASS the Trilog](https://www.reddit.com/r/Superstonk/comments/qvyjap/moass_the_trilogy_book_one/) for a better idea on this theory. + +Video on my current theory... [talk with Houston Wade here explaining my current theory](https://www.youtube.com/watch?v=mntHdNqltkw) + +For more information on my futures theory please check out the [clips on my YouTube channel](https://www.youtube.com/c/PickleFinancial/playlists). + +Join us in the Daily Livestream [https://www.youtube.com/c/PickleFinancial](https://www.youtube.com/c/PickleFinancial) + +Or listen along with our live audio feed on [Discord](https://discord.gg/HbqnUVsSrH) + +(save these links in case reddit goes down) + +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 + +Nice little run to close out the day, max pain is still slightly above our current trading price (187.50). Little bit of a bump in IV we had some volatility today and would expect more tomorrow as earnings approaches. Thank you all so much for hanging out, especially today. I'll see you tomorrow morning. + +\- Gherkinit + +https://preview.redd.it/sknhgb9rq6481.png?width=759&format=png&auto=webp&s=076c1abc984b504329064516ef8a0976fe1e511a + +Edit 6 3:14 + +🥞 + +Edit 5 2:14 + +still flat IV actually dropping into earnings now. + +https://preview.redd.it/sprzcle176481.png?width=1514&format=png&auto=webp&s=f63970e7bba6bd53976d109681b21df38ed9e3e6 + +Edit 4 1:05 + +Flat holding to VWAP it appears for the near term that excessive shorting is over, 300k shares also returned to IBKR. However this could also be them stockpiling shorts for earnings. + +https://preview.redd.it/vzme2lovu5481.png?width=1519&format=png&auto=webp&s=19289845e6a35516b8b53b7f3fdae03152569127 + +Edit 3 11:54 + +GME found support at 170 and is testing VWAP to the upside + +https://preview.redd.it/8y4yad55i5481.png?width=1525&format=png&auto=webp&s=5707835715e2739011ad70d01d9c51e7cd498598 + +Edit 2 11:04 + +Consolidating again on below VWAP after the failed test of 181, It looks like some deep ITM calls are being bought going into earnings as institutions position/hedge. + +https://preview.redd.it/mph54yv695481.png?width=1509&format=png&auto=webp&s=5b5f905e70a2d818a8196d22674dbee8fc216b0b + +Edit 1 10:04 + +GameStop breaking out of it morning consolidation to the upside volume is still very low but the SPY is skyrocketing so it should be difficult to pull as down right now. + +https://preview.redd.it/i9rnfi1gy4481.png?width=1522&format=png&auto=webp&s=6c5ab82cd01806f458beb4d3a5b32567a3b82bb8 + +# Pre-Market Analysis + +GME getting dragged by the overall market, in a good way + +https://preview.redd.it/d9m5x18yk4481.png?width=723&format=png&auto=webp&s=fb665cc14b566e9e0e839c19c016a94527304aa9 + +Shares to Borrow: + +IBKR - 400,000 @ 0.5% (450 thousand borrowed and 200k returned this morning) + +Fidelity - 729,200 @ 0.75%, up a little from yesterday + +CV\_VWAP + +Arbitrage is the most stable it's been since November 16th + +https://preview.redd.it/hhp8k83ll4481.png?width=2457&format=png&auto=webp&s=6180edf226dbd822bff28a6da130cd40639ac9a9 + +&#x200B; + +**Disclaimer** + +*\* Although my profession is day trading, I in no way endorse day-trading of GME not only does it present significant risk, it can delay the squeeze. If 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.* + +*\*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/) +There is a lot of talk about this shorting situation and how retail investors can "name their price" since they are forced to buy the stock back. + +If it were that simple, wouldn't it be a no brainer for Berkshire Hatahway to just buy all of the stock of all of the companies that Melvin and others are heavily shorting? They could make a fortune from them. +It's been interesting watching the sentiment in this sub change over the past several days. We've been in a descending channel with a shallow slope since the last runup, and a lot of people were hurt last weekend with the Kraken DDoS attack. These events have left a sour taste in the mouths of many of the new players in the market, as well as some of the more seasoned vets. We shouldn't lose sight of where we're going, though. + +Ethereum is by no means a "sure thing". There are several **extremely** challenging problems that need to be solved before it has much non-speculative value. What Ethereum **is**, though, is possibly the most profitable binary investing opportunity in our lifetime. Our success relies on all of the following things happening (and likely many more): + +* Successful implementation of PoS (energy efficiency and wide decentralization of the network) +* Successful implementation of sharding and Raiden (scaling, so that it may actually meet the transaction rate needs of the world economy) +* Continued acceptance of Ethereum as the standard environment/language for smart contracts (standardization and mass adoption) +* Ongoing development of dissemination of best practices for contracts (ability to actually develop on the network safely) + +If any of those criteria fail, in 5 years all of our ether may be nothing more than a weird file on our computer that was worth something once. The value of ETH will flutter around for a few months/years, but as a better alternative presents itself, the overall trend will turn down. We all lose a large percentage of our initial investments, and move on with our lives. Fortunately, I think most of the people here who have a greater than 75% of their networth in ETH are under 30, so they can walk away more or less unscathed. The remainder of people here hopefully have a diversified portfolio, so they can walk away fine as well. + +If the dev team DOES pull off the above challenges, though, the potential is literally **limitless**. How would we even go about placing a value on a TCP/IP protocol that was properly monetized? In this scenario, I think $2500/ETH in 5 years is conservative. Although these challenges are significant, I think they have at least a 25% chance of rising to them (just my gut estimate). + +If something has a 25% chance of happening, and if it offers a 30x payout if it happens, that's a **FANTASTIC** binary opportunity. Right now, I feel that the riskiest play is to not have enough ETH. I certainly expect the price to dump 80% on some days, and if I was a better trader, I'd try to capitalize on those days. That would just be with the goal of obtaining more ETH, though... + +Invest what you can afford to lose, because there is a good chance that you'll lose it all. If the stars align, though... I don't think the moon is a high enough target. The noise between here and there is just chop, so don't let it shake you ETH from your pockets. +I work in two public libraries part time while i'm in college and can't stress enough how incredibly cost effective they can be. We offer so many free services from books and movies to free classes and skill training. + + +The greatest thing right now is that we offer free tax assistance from local experts. Depending on where you live, services may be great or sub-par because it depends in property values and state funding etc, but the overall sentiment is that it's the one place you can go where we're not trying to sell you something. We want you to succeed by offering the tools you need. Libraries are so self-aware and are absolutely keeping up with the times. + + +I'm on the east coast US and we are getting 3D printers, have cloud services, and have digital e-book downloading. It saddens me when libraries are overlooked for such basic things like free internet. We are here to save you money and to, again, give you the tools you need to succeed. The only draw back I see to them is that we live in the "now" society. Some items you have to wait for, but if demand is high, we buy another copy. + +Edit: We also have Job/Career services. Just ask and see what services they provide. If they have a website it's going to be listed on there. + + +[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 to be honest the best news since the DIDI fiasco and all the news of many Chinese companies pulling their IPOs from the US market. Speculation of delisting of existing companies was ripe. But I guess China doesn't really want to kill their tech going IPO here as long as they follow all the rules that the govt lays down on them** + +China will continue to allow Chinese companies to go public in the U.S. as long as they meet listing requirements, China’s securities regulator told brokerages late Wednesday, according to a source familiar with the matter. + +A series of regulatory actions in the last few weeks has heightened investor concerns that Beijing is trying to block foreign capital flows into Chinese assets. + +The cross-border stock listings can also occur using the variable interest entity structure, the source said, citing the regulator. It refers to a legal structure which allows international investors to access shares of Chinese companies in the U.S. + +The regulator recognized the structure is a vital way for companies to attract foreign capital, but said it would have to be adjusted if there were national security concerns, said the source, who requested anonymity due to the sensitivity of the matter. + +China Securities Regulatory Commission Vice Chairman Fang Xinghai held a virtual meeting with major investment banks on Wednesday, the source said. It followed days of sharp selling in Chinese stocks on fears of increased regulatory crackdown by Beijing. + +Bloomberg first reported news of the meeting. + +Chinese stocks listed in Asia and the U.S. — including big names like Alibaba and Tencent — plunged in the last several days as Chinese authorities increased scrutiny on tech companies over monopolistic practices and data security. + +A policy document that began circulating widely Friday called for Chinese after-school tutoring companies to become non-profits, sending the stocks plunging by double-digits in Hong Kong and the U.S. + +The policy specifically banned tutoring companies from raising money through the stock market or having foreign investors, particularly through the variable interest entity legal structure that allows international investors to access Chinese shares. + +The speed and breadth of the policy surprised many. Goldman Sachs on Monday downgraded Chinese education stocks on expectations the after-school tutoring market would “shrink significantly” — to less than one-fourth its current $106 billion size. + +However, **the securities commission’s Fang said the policy was intended to reduce the burden on parents — not shut off foreign investment — and the education companies will have as much time as needed to restructure, according to the source**. + +The securities regulator did not immediately respond to a CNBC request for comment. + +https://www.cnbc.com/2021/07/29/china-to-still-allow-ipos-in-the-us-securities-regulator-csrc-says.html +From a Bloomberg article; America’s Retailers Are Closing Stores Faster Than Ever + +Store closings are set to out pace 2008. Clothing is especially impacted. Payless Shoes and Rue21 both going belly up this week. + + +The bad news continues for retailers besides home depot and lowes. Do the economy a solid and go shop this weekend? + +https://bloom.bg/2nKGoQa + **Ray Dalio says: ‘\[The Wall Street Journal\] wrote an article that said “Bridgewater Bets Big on Market Drop.” It’s wrong.’** + + + +>***‘I want to make clear that we don’t have any such net bet that the stock market will fall.’ -*** **Ray Dalio** + +That’s Ray Dalio, founder of the world’s largest hedge fund, Bridgewater Associates, disputing elements of [**a Wall Street Journal report on Friday**](https://www.marketwatch.com/story/bridgewater-bets-more-than-1-billion-on-global-equity-pullback-by-march-2019-11-22) that indicated his fund was putting on a $1.5 billion bet that global stock markets would drop precipitously by March 2020. + +However, Dalio took to Twitter to attempt to disabuse anyone of the notion that this reflected an outright bearish outlook for markets. + +[https://www.marketwatch.com/story/head-of-the-worlds-largest-hedge-fund-says-report-of-a-massive-1-billion-bet-that-the-stock-market-will-tumble-by-march-is-wrong-2019-11-22](https://www.marketwatch.com/story/head-of-the-worlds-largest-hedge-fund-says-report-of-a-massive-1-billion-bet-that-the-stock-market-will-tumble-by-march-is-wrong-2019-11-22) +I am a sergeant in a correctional facility. There are several inmates in my units that ask about financial advice for when they get out, how to build credit, how to open a bank account, how to fill out a check, etc. Most of the inmates in our facility are short-timers so I would like to help them achieve their goals and stay out of prison. I have started with the information on the sidebar but if any of you have any materials that may help someone with a felony that may possibly be on probation/parole that would be greatly appreciated. My boss is actually going to approve that I teach this in a class once I have enough information to build a curriculum. +If you invested 100$ into ripple at the beginning of 2017 you would now have about 35,000$. Of course we all want in on something like this, so what is your opinion on what will be the next ripple? +My girlfriend and I both have incomes, and we’re planning our future, including saving for a house. I’m curious to hear advice on how you may allocate income streams, manage savings accounts etc. +I literally have no idea how people are profitable doing this, I find something that gives me a glimmer of success, then it just stops working/I have the realisation it never did. + +Every time I buy or sell it goes into profit for like 10 pips and then reverses. I’m well aware of risk management and trading psychology, people make it out like those two things being mastered make you profitable and it’s just not true. There is obviously some skill factor that I am missing, I am so lost. How is trading “simple yet difficult”, something I have seen said multiple times. + +Thanks for reading this, I’m exhausted. +Guten Morgen to this global band of Apes! 👋🦍 + +With the weekend launch of the GameStop Wallet, one of the final pieces is in place for GameStop to roll out their full NFT marketplace. I am incredibly excited about the potential that this has to bring a huge number of people into Web3, through a trusted source such as GameStop. With L2 fees being so low, there is a low-barrier entrance and a huge world of possibilities. Of course, the most important part is to create a compelling and trustworthy path forward, and that is where the team that Ryan Cohen has assembled comes in. They have partnered with established experts across the space, working closely to ensure that when this launches it will be the perfect foundation for the future offerings. + +Meanwhile, Ken Griffin has been furiously trying to spin a narrative in which we are responsible for the losses that Melvin Capital incurred with their investors' money. He is quick to gloss over the exorbitant fees that Melvin collected while taking enormous risks. Risks that eventually led to Melvin's spectacular downfall. Ken doesn't want that to be seen as the cause, since that is exactly the same thing that he has done with his clients' money. Citadel and the other Institutional Shorts took out enormously risky positions against GameStop, because they were *certain* that (in partnership with a complicit Board of Directors and BCG) they could drive GameStop into bankruptcy and profit from the downfall of another company. They have collected fees all the while, and the day of reckoning is fast approaching. Their investors will never be whole, and it will be the downfall of the SHFs. Kenneth Griffin is desperate to have his investors blame anyone but him. + +Today is Monday, May 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: **$98.10 / 92,75 €** *(volume: 1965)* +- 🟥 115 minutes in: $97.68 / 92,35 € *(volume: 1909)* +- ⬜ 110 minutes in: $98.11 / 92,76 € *(volume: 1747)* +- 🟩 105 minutes in: $98.11 / 92,76 € *(volume: 1747)* +- ⬜ 100 minutes in: $98.11 / 92,76 € *(volume: 1713)* +- ⬜ 95 minutes in: $98.11 / 92,76 € *(volume: 1702)* +- 🟩 90 minutes in: $98.11 / 92,76 € *(volume: 1702)* +- ⬜ 85 minutes in: $98.11 / 92,75 € *(volume: 1656)* +- 🟩 80 minutes in: $98.11 / 92,75 € *(volume: 1641)* +- 🟥 75 minutes in: $98.07 / 92,72 € *(volume: 1600)* +- 🟩 70 minutes in: $98.19 / 92,83 € *(volume: 1501)* +- 🟩 65 minutes in: $98.11 / 92,76 € *(volume: 1353)* +- ⬜ 60 minutes in: $98.11 / 92,76 € *(volume: 1338)* +- 🟥 55 minutes in: $98.11 / 92,76 € *(volume: 1329)* +- ⬜ 50 minutes in: $98.11 / 92,76 € *(volume: 1258)* +- 🟩 45 minutes in: $98.11 / 92,76 € *(volume: 1246)* +- ⬜ 40 minutes in: $98.11 / 92,76 € *(volume: 1245)* +- ⬜ 35 minutes in: $98.11 / 92,76 € *(volume: 1226)* +- 🟩 30 minutes in: $98.11 / 92,76 € *(volume: 1193)* +- 🟩 25 minutes in: $97.85 / 92,51 € *(volume: 1179)* +- 🟩 20 minutes in: $97.85 / 92,51 € *(volume: 1178)* +- 🟥 15 minutes in: $96.48 / 91,21 € *(volume: 734)* +- 🟩 10 minutes in: $97.00 / 91,70 € *(volume: 428)* +- 🟩 5 minutes in: $95.49 / 90,28 € *(volume: 266)* +- 🟥 0 minutes in: $95.49 / 90,28 € *(volume: 166)* +- 🟥 US close price: $95.66 / 90,44 € *($95.34 / 90,14 € 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 1.0577. 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 /r/Bitcoin! + +Help me book my first Bitcoin holiday - [GoCityHotels.com](https://www.gocityhotels.com) accepts bookings for over 20,000 hotels in various countries around the world and because they are local I thought I would call them and try to convince them to let me pay with Bitcoin and it went surprisingly well! + +I was able to speak to the owner and the good news is that he is personally very interested in Bitcoin - the only reason the site doesn't accept Bitcoin is because no one has asked! I am the first. + +I responded with a chuckle and "Well, I'm asking now" - owner Nick said that if **10 people total had asked to pay with Bitcoin it would be a non-issue and Bitcoin would already be a payment option today**. + +Just 10 - he figures if ten people are taking the time out to ask there are dozens more with the same question who aren't inclined to contact him and ask. + +I'm promised that if I can get 9 of you to go to the [Contact Page](https://gocityhotels.com/contact_us/) and email them regarding Bitcoin that before I need to book my holiday in June they will accept Bitcoin online! + +Help me make 2014 the year of the Bitcoin Holiday, at least - for me. +This advertisement from 1963 was what originally inspired me to really get my ass in gear on financial independence. Thanks so much to u/FI35 for finding it for me again after I lost my copy. + +A Man with Savings + +Your savings, believe it or not, affect the way you stand, the way you walk, the tone of your voice. In short, your physical well-being and self-confidence. A man without savings is always running. He must. He must take the first job offered, or nearly so. He sits nervously on life’s chairs because any small emergency throws him into the hands of others. + +Without savings, a man must be too grateful. Gratitude is a fine thing in its place. But a constant state of gratitude is a horrible place in which to live. A man with savings can walk tall. He may appraise opportunities in a relaxed way, have time for judicious estimates and not be rushed by economic necessity. + +A man with savings can afford to resign from his job if his principles so dictate. And for this reason he’ll never need to do so. A man who can afford to quit is much more useful to his company, and therefore more readily promoted. He can afford to give his company the benefit of his most candid judgments. + +A man with savings can afford the wonderful privilege of being generous in family or neighborhood emergencies. He can take the level stare of any man ... friend, stranger or enemy. That ability shapes his personality and character. + +The ability to save has nothing to do with the size of income. Many high-income people spend it all. They are on a treadmill, darting through life like minnows. + +The dean of American bankers, J.P. Morgan, once advised a young broker: "Take waste out of your spending; you’ll drive the haste out of your life." + +If you don’t need money for college, a home or retirement, then save for self-confidence. The state of your savings does have a lot to do with how tall you walk. +Hello friends, i would like to get some suggestions. +I sold PTON $82 puts expiring Nov 5 when stock price was at $90. Now after brutal earnings the stock tanked to $62. What is the best solution or strategy to mitigate losses? Thank you. +Hey guys! + +Today i decided to move out of kraken, even though i would love to keep trading there, the trading experience has become frustrating; No volume, orders not executing, complex UI even for experienced traders, dangerous to use on margin (since orders do not execute)... anyway, you get me. + +The only good option seems to be Poloniex in terms of volume, seems like most of you guys trade there, however i can't find enough information on the people running the exchange, do you guys have information on them? maybe interviews, conference presentations, names, origins, previous projects, anything shady i should know? + +Also i'm told, they got hacked once, and they paid for the losses, is this true? + +Thanks! + + + + +A couple of edits in response to some frequent comments I've been seeing: + +* This post is about the "Money Explained" series, which has five episodes that are (kind of) about money. This is different than the cryptocurrency episode in the regular "Explained" series (season 1, Episode 15). +* The point of my post was not to say "there are no crypto scams and Netflix is lying". Nor was it to say "Netflix says all cryptocurrencies are scams". My point was that, over the course of the series, there we plenty of opportunities to mention crypto in a neutral/positive way, but they only came up in the same breath as scams. This to me seems like unfair representation, especially for a show that was supposed to explain money. + +**TLDR: Netflix portrayed crypto as pump and dumps and Ponzi schemes, without showing the legit side or even explaining what crypto is.** + +Today I watched Netflix's "Money Explained" docu-series. The Bitcoin logo was on the thumbnail so I was intrigued. Turns out that was just clever targeted advertising. + +Of the five episodes in the series, crypto was only mentioned in one, "Get Rich Quick". The episode covered various types of scams and mentioned crypto on two occasions: + +The first was as an example for a pump and dump. They introduced the concept of a pump and dump, then said something like "this happens a lot with cryptocurrencies". Then they displayed two newspaper articles with the words "Cryptocurrency" and "Bitcoin" highlighted. I thought this was laughable for two reasons: first of all, pump and dumps existed well before cryptocurrency. I remember watching Jerry Orbach talk about a pump and dump in a 1990s Law and Order episode. Secondly, if you're going to try and disgrace crypto as a giant pump and dump, why would you use Bitcoin as an example? Fools. + +Then they covered Ponzi Schemes. To be fair, the scope of Ponzi schemes that they covered was a bit broader, but they still zeroed in on Bitconnect and Onecoin to really drive the point home. The only positive thing I can say about the episode (wrt crypto) was that they included Carlos Matos' "BITCONNNNEEEECCCCTTTTTT", so that was cool I guess. I'm not denying that these are scams, I'm just saying they didn't make any effort to show the legit side of crypto. + +All told, they portrayed crypto in a very negative light, and didn't bother to explain crypto at all. They just used it as an example for various scams. In fact, for a series that was supposed to be about money, they didn't talk about actually money all that much. +I've just signed a new contract with work. Was earning around $140k / yr, will now be earning $215k /yr (+ super). I work in tech as a software engineer. + +Apologies if these are super basic questions; up until 2017 I never earned more than $60k a year (and before 2014 I was on about $20k a year / grew up poor / have no financial mentors or anyone I know that I can really ask). I do have an accountant who has given me some advice and helped me set up my PTY LTD company, but he's AWOL at the moment and I don't know what I'm doing. + + +**Key things to note:** + +- I'm a contractor, working in this job 4 days a week. +- I work on few other startup projects during my other 3 days a week +- Have been earning $140k/yr (+ super) for the past year. Have just been upped to $215k (+ super) +- I bill under a PTY LTD, of which I'm the director. I pay myself $3-4k / mo to cover living expenses +- The rest of the money I keep in my business account, which I use for marketing and development of my own projects. There's about $30k in that business account at the moment.- In my personal accounts I have about $40k in savings at present. +- I don't have private health insurance +- Am 31, single, Male, living in Melbourne, no kids, no major health concerns etc. +- Debts: I don't own a home or a car. I have a small HECS debt remaining (maybe $10k?). +- Expenses: I pay about $2k/mo in rent and have about $1.5k/mo in living expenses. +- Credits: I'm invoicing for $12k/mo at the moment, and that will go up to about $18k/mo as of this month. I also collect GST. + +**My questions are:** + +- My contract work is paid to my company and I pay corporate tax (28% or something?). When I pay myself from that company, do I also pay personal income tax? Am I essentially paying tax twice here? (this is a new setup and I haven't done a BAS statement yet) +- I have very little in my super. $24k as of March 2019. As I've not bought a house yet, and have a fair chunk of cash coming in, what's the best way to voluntarily contribute to my super? And how do I do this, do I just get the (UniSuper) super's bank deets and transfer cash to them? +- Does the PTY LTD -> paying myself as an employee structure make sense here? I have no issue with paying the tax that I owe (will be around $50k this year and $90k next financial year IIRC), I just don't know the best way to structure my finances. +- I think there's a medicare levy I'll have to pay if I don't have private health insurance. I can pay ~$1k / yr for private health insurance to avoid the levy, but it feels like that insurance is crappy and doesn't really cover anything much. Is it generally good advice to not bother if you're single and in good health? In the past 4 years my only medical concern is maybe $3k in dental work (a crown and a buncha re-doing of old fillings) and the costs of insurance haven't felt worth it for me. +- In just a few years I've gone from the very lowest tax bracket to the highest (I think?), and I have NO IDEA what you're meant to do with money, what I'm meant to do with savings, how to save for a house deposit etc. Any general, non-jokey advice (if there is any?) on "what do to if you earn more than $200k" would be GREATLY appreciated, this is a huge income jump for me and I feel quite lost. +- Is there a special type of accountant I should be looking for? + +If any of these questions break the rules please let me know and I'll remove them. +Below I've calculated the short float and short % of shares outstanding based on the total shares owned by institutions and insiders based on [Finra](https://finra-markets.morningstar.com/MarketData/EquityOptions/detail.jsp?query=126%3A0P000002CH&sdkVersion=2.58.0&fbclid=IwAR3G67NlBN4QjI5jrYpg5sEyKzP6iUdyUMLj5ddt1z45DG9nfjX992UfZlY) which you can cross-reference the shareholder data and insiders data by clicking the tabs. + +[u/trey412](https://www.reddit.com/user/trey412/) DD is slightly wrong but thank you for the links and easy to read format. We are going to ignore the Fund Owners' Style and Equity Ownership Funds as these are all part of the Institutions shares. (They are showing the mutual funds and style of funds from large value to small value etc of the same shares.) + +&#x200B; + +**Number of Shares owned by Institutions:** **~~140,703,372~~** **122,566,784 (**[Whalewisdom.com](https://whalewisdom.com/stock/gme)**)** + +https://preview.redd.it/py2reovn5gl61.png?width=611&format=png&auto=webp&s=98c1c6209e3313315e0943a8ab7ae9d9353ecd7b + +Above is the total number of shares owned by ALL Institutions. If you calculate the Top 10 Institutions then you get 89,789,329. + +https://preview.redd.it/rqayg5oo5gl61.png?width=730&format=png&auto=webp&s=1891dc53e02e87c71749d565278b60468f8b1963 + +Edit 2: I've just checked the 13F filings and FINRA ownership summary is duplicating the shareholder's 13F amended filings... Sorry guys I have to get ready, it's my birthday today in NZ so I'll update it in the next 6-8 hours!!! (But I suspect it's still 100K+ shares when you take the duplicates out.) + +https://preview.redd.it/41y0pjcjigl61.png?width=912&format=png&auto=webp&s=7e93c99c92766c3e987896f84950c8fc25ed3d0d + +Edit 3: Used Whalewisdom's data as that was the same as the filing results and includes calls/puts too. + +https://preview.redd.it/7fysfdxlusl61.png?width=908&format=png&auto=webp&s=1a1f807bb6e24c5bd6a299a789926bb79162774c + +&#x200B; + +**Number of Shares owned by Insiders:** **4,412,111** + +https://preview.redd.it/i9rysmhp5gl61.png?width=650&format=png&auto=webp&s=b73f631607e64d6e3df2953360f5a81f596cc63c + +**Total Shares Outstanding =** **~~145,115,483~~** **126,978,895** + +This is the number of shares owned by both Institutions and Insiders. + +&#x200B; + +**Total Shares Float =** **~~67,200,000~~** **69,746,960** + +According to SEC 13G filings: [https://www.sec.gov/cgi-bin/browse-edgar?filenum=005-81055&action=getcompany](https://www.sec.gov/cgi-bin/browse-edgar?filenum=005-81055&action=getcompany) + +These are the total number of shares issued by Gamestop based off their balance sheets. Notice that Share Issued and Ordinary Shares Number are the same. This means that all 69,746,960 shares are available to the public. (This doesn't include insider shares.) + +https://preview.redd.it/nj8vhxqdvsl61.png?width=1130&format=png&auto=webp&s=21da728dc06e8dc6d390e2176d162c8fc417b437 + +**Total Shorted Shares =** **~~79,915,483~~** **57,231,935** + +This is Total Shares owned by Institutions - Total Shares Float. Which means 46.9% of the 122,566,784 shares are shorted. + +**Short % of Shares Outstanding =** **46.69%** + +This is Total Shorted Shares ÷ Total Shares Outstanding x 100. + +**Short % of Float = 82.05%** + +This is Total Shorted Shares ÷ Total Shares Float x 100. + +**Short Ratio (50 day) = 1.39** + +This is the "expected" days to cover short positions (close out a company's outstanding shares that have been shorted). + +**79,915,483 SHARES NEED TO BE COVERED AND IT CAN TAKE UP TO** [13 CONSECUTIVE SETTLEMENT DAYS](https://financialreview.poole.ncsu.edu/wp-content/uploads/2015/07/Fails-to-deliver_before_and_after_the_implementation_of_Rule_203_and_Rule_204.pdf) **BEFORE BROKER-DEALERS ARE PROHIBITED FROM ACCEPTING SHORT SALE ORDERS.** + +[https://financialreview.poole.ncsu.edu/wp-content/uploads/2015/07/Fails-to-deliver\_before\_and\_after\_the\_implementation\_of\_Rule\_203\_and\_Rule\_204.pdf](https://preview.redd.it/9bqdwhi9bdl61.png?width=665&format=png&auto=webp&s=52dd9bf75e3499fa82d33e314a7fe7ce53978f38) + +&#x200B; + +**My speculation (Don't take financial advice from me radarada I'm not a professional etc):** The increase in shorted shares since last month is because they're shorting GME to prevent eF-T-Ds (Failure to deliver) for the first bunch of shorted shares. **They're SELLING OUR SHARES BACK TO US to cover the original shares they owe us** until either we give up or **WE STOP BUYING** and allow the eF-T-Ds to come into action and they start **HAVING TO BUY THEM BACK**. + +Let's say they borrow your share and sell it to another retail investor for current shareprice of $100 then they buy a share for $100 too and then give it back to you. So they're basically increasing the share volume and covering their earlier shorts without paying a dime so that it doesn't cause eF-T-D. They could technically do this infinitely unless maybe government regulations intervenes? + +It doesn't matter if the price drops, just hold your shares, you don't need to buy, you need to HOLD OR PLACE A SELL ORDER FOR WHATEVER AMOUNT YOU WANT TO SELL $1000+, $100,000+, whatever you want. The share price may drop (even if they continue doing ladder attacks) but the moment they start buying from the actual shareholders again, the price will rise extremely fast. If we all want to sell at $1000 then it will rise to $1000 immediately, it's just whatever an actual shareholder wants to sell at. And proof is in the pudding that majority only want to buy or hold. + +YOU CAN BUY OR NOT BUY. IT DOESN'T MATTER EITHER WAY, WE STILL CHOOSE OUR SELLING PRICE. If we stop buying then eF-T-D kicks in and they have to buy back shares at whatever price we want. If we keep buying then also that's good but just means it's a longer game and the pressure is going to be worse for them unless government or DTCC intervenes and forces them to close. Also worst case scenario for this whole thing is if hedgies do go bankrupt from this or Failure-To-Deliver and fined, then we still get our money from [clearing party](https://www.afr.com/companies/financial-services/quadrillion-dollar-corporation-at-the-heart-of-the-financial-system-20150707-gi6w7b)/broker. Basically we are win/win, set your desired sell price. + +**TL;DR**: Ape stonk 🦧🚀🚀🌚🍌🍌🍌 Shares are heavily shorted and increasing. If you sell at a loss you're defo a paper hand! Do your DD, Finra needs to write their data inputs properly. Good luck at the casino! + +^(I have to write eF-T-D to stop post being banned by ticker...) +I can't be the only one who feels like people here are a bit too focused on their own gains, completely ignoring the real, important consequences of what happens all around the world. + +Not to say we shouldn't discuss how world events affect crypto. That's what the sub is for. But it irks me when people have absolutely no tact and completely ignore the horrible things happening only to try and see how they can make money out of it. + +I feel like everyone could stand from standing back and looking at the bigger picture, instead of watching the charts all day. +Obviously the work that goes into managing your wealth can be stressful and there is always the possibility of total economic collapse (in which case we're probably all screwed), but at what point did you look at your net worth and feel that you had truly made it? +**NOTE** This is a cross post from r/ChubbyFire. I apologize for the spam but I think it is borderline applicable here. I know a lot of people from HCOL and VHCOL are gonna look at my numbers and think "how the heck is that _fat_ even if we include the imputed expenses?". What I would respond is that this is truly a "no compromise" spend for us in an MCOL/LCOL. Hope some people find this useful. + +**EDIT** Based on last year's post, I think what a lot of earlier stage members here would find useful is if people from VHCOL or people with kid's could comment on where their expenses diverge from ours. Past conversations have led me to believe that my expenses are a pretty typical _base line_ but that either COL or lifestyle upgrades can quickly shift the numbers upward. + +--- + + +This is our 2022 budget based on my - hot off the press - actuals for 2021. We are 56m / 53f in an MCOL. For us, this is a < 1% WR. We're kind of fat NW but with a chubby/regular FIRE spend. This is our 3rd year being retired. + +The bottom line is we had income and expenses of around $90K. That's around 60th percentile. + +| | Yearly | Monthly | +| -------- | ------- | ------- | +| Income | $88,225 | $7,352 | +| Expenses | $89,500 | $7,458 | + +But, this doesn't tell the whole story. We have no debt/mortgage (on a 2019 home) and no debt on 2 2020 vehicles. We pay our charitable giving out of a DAF. If we include that and provide some amortization of home repair and vehicle replacement we'd probably have total "expenses" closer to $132,000 which is 77th percentile. + +| | Yearly | Monthly | +| -------------------------- | ------- | ------- | +| Amortized Auto Replacement | $9,000 | $750 | +| Amortized Home Maintenance | $5,000 | $417 | +| Imputed Rent | $24,000 | $2,000 | +| Charitable (DAF) | $4,000 | $333 | +| TOTAL | $42,000 | $3,500 | + +One could also break out our expenses along the lines of discretionary vs non-discretionary. I categorize discretionary expenses +as things I could reasonably cut back on if I needed to (i.e. a market downturn). By this measure, our non-discretionary expenses of $51,000 per year would only require a 36th percentile household income to maintain. + +| | Yearly | Monthly | +| -------------------------- | ------- | ------- | +| Expenses | $89,500 | $7,458 | +| Non-Discretionary Expenses | $51,142 | $4,262 | +| Discretionary Expenses | $38,358 | $3,197 | +| Imputed Expenses | $42,000 | $3,500 | + +Our income comes from the following sources. Of particular note is that our MAGI places us well into the ACA < 400% FPL group. MAGI is low because I am selling of bonds with a very low cost basis. I can continue at this rate for about 10 years at which point I will be eligible for Medicare. + +| INCOME | Yearly | Monthly | Percent | +| ------------------- | ------- | ------- | ------- | +| Cash Back | $1,000 | $83 | 1.1% | +| Consulting | $10,225 | $852 | 11.6% | +| Interest | $3,000 | $250 | 3.4% | +| Qualified Dividends | $15,000 | $1,250 | 17.0% | +| Rent | $34,000 | $2,833 | 38.5% | +| Stock Sales | $25,000 | $2,083 | 28.3% | +| TOTAL | $88,225 | $7,352 | | +| | | | | +| MAGI | $62,225 | | | + + +These are our expenses. Top level catoregies are sums of the sub-categories. + +| EXPENSES | Yearly | Monthly | +| ------------------------------ | ------- | ------- | +| Auto | $3,334 | $278 | +| Auto / Car Wash | $384 | $32 | +| Auto / Fuel | $2,400 | $200 | +| Auto / Maintenance | $300 | $25 | +| Auto / OnStar | $150 | $13 | +| Auto / Other | $100 | $8 | +| Banking | $1,121 | $93 | +| Banking / Cash & ATM | $1,000 | $83 | +| Banking / Fees & Charges | $21 | $2 | +| Banking / Interest Expense | $100 | $8 | +| Education | $150 | $13 | +| Entertainment | $5,490 | $458 | +| Entertainment / Dining | $3,000 | $250 | +| Entertainment / Gaming | $150 | $13 | +| Entertainment / Kindle | $206 | $17 | +| Entertainment / Music | $157 | $13 | +| Entertainment / Other | $144 | $12 | +| Entertainment / Sports | $200 | $17 | +| Entertainment / Streaming | $1,000 | $83 | +| Entertainment / Subscriptions | $300 | $25 | +| Entertainment / Theater | $333 | $28 | +| Gifts & Donations | $1,500 | $125 | +| Gifts & Donations / Charitable | $500 | $42 | +| Gifts & Donations / Gifts | $1,000 | $83 | +| Health | $4,440 | $370 | +| Health / Dentist | $250 | $21 | +| Health / Doctor | $1,000 | $83 | +| Health / Eyecare | $1,400 | $117 | +| Health / Gym | $1,400 | $117 | +| Health / Other | $150 | $13 | +| Health / Physical Therapy | $0 | $0 | +| Health / Prescriptions | $240 | $20 | +| Home | $11,999 | $1,000 | +| Home / Lawn & Garden | $6,100 | $508 | +| Home / Online Services | $150 | $13 | +| Home / Other | $5,000 | $417 | +| Home / Software | $385 | $32 | +| Home / Window Cleaning | $364 | $30 | +| Insurance | $8,562 | $714 | +| Insurance / Auto | $1,400 | $117 | +| Insurance / Dental | $564 | $47 | +| Insurance / Home | $2,800 | $233 | +| Insurance / Life | $0 | $0 | +| Insurance / Medical | $3,372 | $281 | +| Insurance / Umbrella | $426 | $36 | +| Miscellaneous | $500 | $42 | +| Personal Care | $1,330 | $111 | +| Personal Care / Hair | $500 | $42 | +| Personal Care / Massage | $780 | $65 | +| Personal Care / Other | $50 | $4 | +| Shopping | $13,020 | $1,085 | +| Shopping / Amazon Prime | $120 | $10 | +| Shopping / Clothing | $2,400 | $200 | +| Shopping / Groceries | $6,500 | $542 | +| Shopping / Household | $4,000 | $333 | +| Taxes | $11,800 | $983 | +| Taxes/ Federal | $3,000 | $250 | +| Taxes/ Motor Vehicle | $1,800 | $150 | +| Taxes/ Property Tax | $5,200 | $433 | +| Taxes/ State | $1,800 | $150 | +| Travel | $20,000 | $1,667 | +| Utilities | $6,254 | $521 | +| Utilities / Electric | $2,800 | $233 | +| Utilities / Internet | $768 | $64 | +| Utilities / Natural Gas | $630 | $53 | +| Utilities / Pest Control | $0 | $0 | +| Utilities / Phone | $1,800 | $150 | +| Utilities / Security System | $106 | $9 | +| Utilities / Water Softener | $150 | $13 | +| TOTAL | $89,500 | $7,458 | +I never really was aware of this community until a few weeks ago. + +I am not a very unique FIRE candidate . . . M48, closing in on 4M NW, family one child, MCOL-HCOL location, hoping to FIRE soon with 120k pa. + +A week ago I struggled with a lot of questions - which quickly appeared to be quite typical. + +\- When should I make the leap? grind out 1 more year to boost and protect the nest egg? + +\- What is a realistic withdrawal rate these days? 3%? Less? + +\- Can I change my mental approach to the next few months / years of working or is that just lying to myself and postponing the biggest present I can give to myself - freedom? + +\- What will happen when I DO take the plunge? What to expect from the first months (for me and my family)? + +This community has really helped med see my options in new ways - as well as given me technical insights and understand the different financial-personal life-paths that are available to us and how they are intertwined. + +I wont mention all the insights and decision You guys helped form but they include: + +* Going into very focused planning-mode next 12 months rather than just "taking the leap tomorrow" or "grind out another year and see what happens" +* Obviously activating my way too large large cash position more in low cost ETF /index funds - but in a hold and leave strategy. Increase my investment knowledge but without day-trading or investigating individual shares. +* Be more conservative in my expected return and change my withdrawal rate to 2,75% even if it means moving the goal posts 12 months and being a little more frugal on post FIRE budgets - incl stress-testing them in real life over the next year +* Find 2 completely independent financial advisors +* Invite my wife to be part of the journey but be prepared that most of my friends will probably not be the best sparring partners on these issues - simply because talking about this stuff brings up all kinds of personal emotions, projections and biases in people +* Investigate and try out a couple of the most efficient frugality hacks of our leanFIRE colleagues and enjoying the math in calculating how each month adds to the "freedom-machine" which is my nest -egg BUT still let myself splurge when it is important. Spoiling my self and others and remembering to be grateful for the relationships and options in my life. +* And most importantly - enjoying the choices and the journey regardless of the exact numbers. + +So I am truly grateful to the active posters and commenters in this community for taking the time to comment and share insights, strategies, goals, pains, doubts and victories... + +thanks guys - I am ready for strategizing, planning and getting my feet wet the next months - and specifically for my meetings with banks next week. Input from this forum made me ready in a way I just couldn't have been with the help of my accountant, wife, friends and financial advisors, each affected by their own bias and self-interest and without the experience-based cross-over points between strategy-choices-life-emotions that You guys have offered. + +THANK YOU .... and good luck on the journey for everybody here... fatcats, midwesteners, high net worth Bay Area Tech guys in their early 30s, people struggling with the grind or with loneliness, aspiring real estate moguls and everybody trying to work out goals, purpose, habits, freedom and just being in control of our own lives. +Found a vacant lot for a pretty good deal in Portland, Oregon and have been looking into the feasibility of building a couple duplexes on it. I’m new to residential development and trying to figure out if the project will cash flow. I’m finding that the system development costs are quite high and with all the permitting fees and construction, not sure that the project will make sense financially. How do others develop residential units with it being so expensive? I find it hard to believe that it’s be worth the investment especially since land is usually much more expensive than the lot I’m looking at. Would love to hear how others make it work! +Is that wise? I am a teacher in SoCal and am interested in renting. The goal would be to gain some passive income on the side of my paycheck. Houses/duplex etc. are stupid expensive here so I've thought about buying and renting a duplex in other states. Is this wise? Are there any books out there that could educate me on this? Any real estate book recommendations that'll be informative for low income people? +Greetings everyone. I have a couple questions about my current investments. I am, as you would call it, an amateur real estate investor and I have been wondering what is best to do with my current portfolio. Some background. + +&#x200B; + +I am 27 and in the military and I am currently deployed. I have three houses all rented out at the moment. A bit of information about them: + +&#x200B; + +House 1: Bought new as my first house for $235,000 in 2013 with VA loan at 3.625% + +Current value is \~$300,000 (booming neighborhood) and I owe \~$197,000 + +&#x200B; + +House 2: Bought foreclosure in 2017 for $130,000 with conventional loan at 4.375% (only put 5% down) + +Current value \~$170,000 and I owe \~$97,000 + +&#x200B; + +House 3: Bought foreclosure in 2018 for $117,000 with conventional loan at %4.99 and put 25% down + +Current value \~$155,000 and I owe \~$85,000 + +&#x200B; + +Hoses 1 and 2 were primary residents' until I moved and they turned into rental properties. House 3 was purchased strictly as an investment property. I am making extra money this year being deployed and I plan on paying off house #3 by the end of the year. Additionally, I plan on buying another house when I get back. + +I know I will probably get some kickback on this but I currently do not have an LLC. I have been so busy with finishing my masters degree and having a kid that things just keep getting away from me. I am looking at setting one up to obviously reduce my risks and that is what brings up my question. How do I go about setting one up and how do I transfer the titles over to the LLC? How much is it going to cost? Is it essentially refinancing the 3x houses under a new entity and I have to pay closing costs again? House 1 is in WA and houses 2/3 are in NC. Will that screw with things? What are my options? Any help would be greatly appreciated. If you have more questions about the houses that would support better answers, let me know and I will try to provide what I can. THANKS! +[“Life is for working, loving, and laughing.”](https://twitter.com/ryancohen/status/1531494009209868288?s=21&t=6l74zDIymbdNvbe5ACr8mg) - RC Tweet May 31st, 2022 + +(W)orking, (L)oving, and (L)aughing + +[WLL - Whiting Petroleum Group](https://finance.yahoo.com/quote/WLL/) + +“PHILADELPHIA, May 28, 2022 /PRNewswire/ -- Kaskela Law LLC announces that it is investigating Whiting Petroleum Corp. ("Whiting") (NYSE: WLL) on behalf of the company's current shareholders. On March 7, 2022, Whiting announced that it had entered into an agreement to combine with Oasis Petroleum Inc. ("Oasis"). According to the announcement, Whiting shareholders are expected to receive 0.5774 shares of Oasis common stock and $6.25 in cash for each share of Whiting common stock currently owned. The investigation seeks to determine whether Whiting and/or the company's representatives violated the securities laws or breached their fiduciary duties to investors by failing to maximize the buyout price for the Company's shareholders, and whether Whiting has properly disclosed all potential conflicts of interest to its shareholders.” - [LINK TO ARTICLE](https://www.prnewswire.com/news-releases/wll-shareholder-alert-kaskela-law-llc-announces-investigation-of-whiting-petroleum-corp-and-encourages-current-stockholders-to-contact-the-firm-301557008.html) + +[WLL filing with the SEC regarding the merger](http://pdf.secdatabase.com/2259/0001104659-22-041162.pdf): “We selected Boston Consulting Group (BCG) to be our external advisor on integration. BCG brings tremendous integration experience. They will work closely with the internal integration teams over the coming weeks and months. +The integration is expected to take approximately three to four months and is composed of three phases: Setup, Design & Planning, and Execution. The merger is expected to close in the second half of 2022.” +#FILED ON MARCH 31st, 2022 + +MARCH 31st, 2022 RC TWEET: [“gas prices are outrageous. Wonder if BCG has a view…”](https://mobile.twitter.com/ryancohen/status/1509582599878029322?cxt=HHwWlMC5jYzYjvMpAAAA) + +I’m late for work. Will update later. Need more eyes on this 👀. + +UPDATE from my porcelain office chair (🚽): +I think I’ve deciphered two of Ryan’s tweets. The WLL/BCG filing with the SEC was filed on March 31st, the same day Ryan tweeted about BCG and “outrageous gas prices.” I think the “outrageous gas prices” he was referring to was the failure to maximize buyout price for WLL shareholders. More updates/deeper digging when I clock out. + +#FOR FUTURE RC TWEETS WE SHOULD BE CHECKING MOST RECENT, RELEVANT SEC FILINGS + +Update: I’m going to comb through WLL/BCG/Kaskela Law LLC relations, old RC Tweets aligning with SEC filings, and any possible connections to Citadel/Ken Griffin/Naked short selling and publish my findings in a new post, hopefully sometime later this evening. +Hi! I am 17 years old in Georgia and am virtually independent. My father is single and only covers housing and car insurance. My mother is dead. I cover my healthcare, dental work, food, gas costs, other transportation, and every retail purchase necessary to my living under the sun. I’ve been working for around 2 years now to keep myself afloat. + +I was left with $8,500 in life insurance from my paternal grandmother and my father authorized me to use it to get a car. He did not help me with the process, and I, having no support system, used all of it to get a 2008 Honda Element with 190K miles. Sedans aren’t an option in the area that I live because of how awful the roads are, so an older SUV was what I saw as my best option. + +Since buying this car a little under six months ago (Nov 2021), I’ve had to replace the water pump/crankshaft pulley, oil pressure switch, high beams, low beams, left window regulator, and my O2 sensors have busted. There’s another issue that I suspect is either the power steering pump or the O-rings on it. When the oil pressure switch failed last week, I was on the interstate driving up to Atlanta, and my car suddenly lost power and began declining in speed no matter how much I attempted to accelerate. I only ended up surviving that situation because my boyfriend’s parents drove out and followed me back to their house two hours away and covered the emergency repairs at no cost to me- which I am incredibly lucky and grateful (and ashamed) for. + +The cost to maintain this car (and fuel it in this economy when I’m only getting 20mpg) is more than I can handle, but currently my only option. I’ve been between jobs for a month and am living off the rest of my savings until I get my first check. I know that I could just cut my losses and list it for $4,000 to have it gone within a month, but my father guilt trips me into keeping my car when I mention taking less than I paid for it. I love my car, but it is a financial burden and I just want out. Any advice on how to better the situation would be appreciated. + +EDIT: To all of those ridiculing me for my wording, I’d like to state that my father is using all of my social security money from my mother’s death every month on whatever-the-fuck. Him tolerating me living in his trailer out of legal obligation and adding my 16 year old car to his insurance plan under his name with 1/5 of the money he’s taking from me every month is not financial support. I feel as though “virtually” is a crucial word in my initial paragraph- sorry for not including it in the title. Thank you! + + +ADDITION: Not entirely relevant to the financial aspect of this post, but I’ve just left O’Riley Auto Parts. I was replacing my power steering O rings in the parking lot and the manager came out like, “Hey, I just have to ask. Do you work on cars?” I told him absolutely not. He asked if I wanted a job because I looked like I knew what I was doing. I asked about age requirements, and he said that he didn’t know if he could hire 17 year olds, but to put in an application online and he’d get back to me. He asked when my birthday was, and said that I can come back when I turn 18 in August to interview even if they can’t hire me now. This is a very big deal because they not only pay better than my current retail job, but can transfer me to a new location when I move so I don’t have to job hunt again. I’ll also be gaining a lot of experience in cars, which I clearly need. I’m ecstatic that this seemed to have fallen into my lap. Thanks to everyone who has replied with car maintenance advice- I really appreciate it. :) +> Initial claims for state unemployment benefits decreased 13,000 to a seasonally adjusted 222,000 for the week ended Dec. 21, the Labor Department said on Thursday. + +> Claims have been volatile in recent weeks around the U.S. holiday season and end of the year. + +> The drop in the latest week largely unwound a surge in new claims two weeks earlier that appeared to reflect a late Thanksgiving Day this year compared to 2018. + +https://www.cnbc.com/2019/12/26/us-weekly-jobless-claims-total-222000-vs-220000-expected.html?__source=iosappshare%7Ccom.apple.UIKit.activity.CopyToPasteboard +I have zero transportation because of a car crash last year, my father passed away and I just lost out on an opportunity to make 120 dollars in 4 hours helping somebody move but because I had zero transportation I had to turn it down so I'm left applying for jobs everyday of my life on indeed and nobody replies. + +I have to ride buses or cabs and some days I feel like giving up because I have no talent and I am too poor to go to college while my other classmates already got a career and I am 21 years old. + +eating at food banks just don't make it better so I feel like if God is real why the fuck do I have to struggle just to survive on foodstamps and section 8...today just made me want to give up man because I lost out on 120 dollars and my mother and I have to bed to go get food....being successful is very hard when when you in poverty. + +I am 21 years old and I poverty is something I will never escape because its just too hard +Hi, I am relatively new to Algo trading and I like to share my experience so far which probably be useful to new guys and may be resonate with others too. + +Step 1: Good start: I already had some R and Python exp. I read almost all the books I could found on Algo trading. +I started with Quantopian and found you can't run many optimization algo as it would time out . Tried on and off with zipline and bt. It was either too complex or I felt constraints. And writing my own backtester seems relatively easy. So I wrote a backtester in Python and continuously improving it. At this point I had just one profitable algo. + + Step 2. Live trading. Initially felt easy but it isn't. Lot of coding is required for all Live streaming, sockets, executing orders, cancellation and observing execution. Handling all other cases like internet not working for few mins, handling memory etc. At this point that one algo was not even making big bucks. + +Step 3: Distracted: I don't know why I decided the deploy to cloud. I guess I was enjoying and interested in learning technologies than researching new Algo. I endup learning Linux, AWS, Docker, Cyber security, even started learning hacking. Researched few algos but none of them is profitable, I guess my heart was not in it. + +Step 4: More distraction: Again I thought it would be useful to have GUI for my live trading and backtesting. I leaned Python web frame work: Flask, and learned Front end tech and kind of become full stack developer. + +After this journey of algo trading, I am still with only one profitable algo but lot of tech experience. Thankfully I stopped this tech madness and back to step 1. +I am not a financial advisor and this is not financial advice. + +Listen up, apes. I'm about to give an explanation of what I think is going to happen. Even the smoothest of brains should be able to at least somewhat understand it. Now, I know that most of you idiots descend to a near comatose state when you see deep technical anal, or really anything with meaningful content, so let's just talk about card games. + +How do casinos make money on poker? For each hand of poker played, the casino takes a small percentage of the pot, which is called the rake. The casino provides the establishment and the dealers, the players play, and the casino takes its commission. Okay, great, but what the fuck does this have to do with GME? We're getting there. Hang on. The edging is real, but you'll get your payoff. + +So the casino takes its cut from each pot. The more money in the pot, the more money the casino makes. Great. How do they maximize profits? Well, they can bring in more players, get players to play longer, deal more hands per hour, and/or increase the average size of the pots. I'm not going to answer how they accomplish most of these, because it doesn't matter. What matters is that the casinos are incentivized to do these things in order to increase their gains. The point here is that you don't need to understand poker to understand how the casino makes money, you just need to understand their business model. + +Let's focus on how to increase the average size of the pots. There are tons of ways to do this, but let's assume that instead of being in a giant casino, you're at a local back-alley gambling spot. Their operation isn't super sophisticated. They just install a few of their cronys into each game. Each idiot has roughly the same set of goals: bring people in, loosen up the tables, and create big pots. As long as the gangsters don't put too much money on the table (and lose it), the house will profit. + +There's one key point here that I haven't mentioned yet. No one can know that the game is crooked or else they wouldn't play and the house wouldn't make money, right? Well, that's not entirely true. In fact, it's not at all true. Then why the fuck did I mention it? Well, you tell me, why the fuck would you play a rigged game? + +Even if the game is rigged and the players know that it's a sham, if it's the best opportunity for people to expand their wealth, they will still play. Not all of them, but a lot of them. In fact, it's even a good thing for the house when "dumb money" make money; this brings them back and maybe even brings in some of their friends. They just aren't allowed to make too much too consistently. + +The house wants you to play. The house wants your friends to play. The house wants everyone to play. So how do you make sure that as many people as possible play? Did you fucking read the last paragraph? It's simple: you make it the best way for anyone to make money. You essentially force them to play. Don't get lost in the details. It doesn't matter how this is accomplished. They can lick you, suck you, fuck you, beat you, squeeze you, whack the other competition off, etc. All that matters is that whatever game they run, it is the best way for you to try to make it out of wage slavery. + +So what happens when players make too much money? I don't know, what happens when there's a bug in your favorite game's code? What happens when the sheep start misbehaving? A short sighted boss may blame the players or the bug or the sheep, but the astute mobster knows that their fucking minions are to blame. Again, the game is rigged, and the minions have one fucking job: follow the script and don't get too greedy. Any problem, and I mean any problem, is easy to ignore so long as the right wheels are greased and it's not loud enough to annoy the whole fucking neighborhood. + +Reddit is an enormous echo chamber. Shit gets loud in here, but as much as your tiny minds focus on GME, most of the world does not give a flying fuck and even if this news gets big, they're not going to care. They're too tired and poor to focus on some group of retarded apes hitting the lottery. + +So what the hell am I actually saying about GME? The apes and their ancestors discovered a loophole in the financial system that was being abused, but this time the minions went too far and the apes realized that they finally have the winning hand. There's going to be a song and dance and threats and probably some suicides and even some "Epsteins," but as long as the apes don't fold, the apes win this round. If the mobsters play this game right, they'll fold this hand, take their losses, and (as usual) end up winning in the long run. They just have to patch the system a bit and wait for people to forget some stuff. This is EZ mode. + +Do you know what happens in the mafia when a handful of its members threatens the entire fucking money making machine? It doesn't matter if you're a friend of the family, a bigly minion, or even the fucking godfather. You live by the sword, you die by the sword. When you have an infected limb, you first try to treat it, but if that doesn't work, you cut that shit off. These people are fucking cannibals and they don't mind eating their own--I'm sure that some of them even prefer it. The shorters are going to get thrown into the meat grinder, and the cannibals are going to feast. + +TL;DR Read the fucking post. It took me way longer to write than it will take (most of) you to read it. + +Here's some 🚀 🚀 🚀 🚀 🚀 💎 🙌🏻 🚀 🚀 🚀 🚀 🚀 since half of you autists need these to get off. + +Edit: Some of you are taking the poker analogy too literally. It's an oversimplification, in several ways, but the core argument still HODLs. Apes will win, some mobsters will get swallowed up. +So I know a guy who lives with his family, but his wife is a housewife and his son is unemployed past two years. He uses their income allowance 12500 for tax free, and registered them as self employed, he also got a brother he does the same with, and they all just do small tasks for him, and handle business when he go abroad to get more, it's like a family thing, but they hardly do much work is only now and again. He says that's how he only pays a few grand tax a year, and when he needs the money, he just asks them for it or swipes their card for spending. + +Obviously this is unfair, but he said why waste their allowances, is this a common tactic and why hasn't he been caught yet? +I've got 600k in a taxable portfolio margin account (IBKR) and am new to this thetagang stuff. I'm primarily a long term investor and am looking at theta strategies to also throw off some income. I'm thinking of holding all QQQ and just selling way OTM calls off of it to generate enough income to live on (maybe 5k a month). + +Is there another hold-forever stock or (preferably) ETF that can be used? Except AAPL, got too much of it in my retirement accounts already. The idea is to generate a "dividend" from growth stocks I'm long on while minimizing taxes so I can quit my job. What would you do? +I'm trying to not be too highly allocated to any one stock in my trading account, but as a result, I'm using less than half my account right now. Looking for some other stocks to trade on right now, and figured I would consult with the gang and see what everyone else believes in and why. + +My top choice right now is CLF. Mainly for their vertical integration which I feel like gives them a good measure of control over the entire steel making process, the fact that they've been around since 1847 which to me speaks of doing at least something right to survive that long, and the upcoming infrastructure bill, which I would assume is going to "Buy American" and set CLF up for some good business. + +The fact that they JUST bought a large scrap metal recycler (news came out this week) adds to my conviction, and supports my belief in their vertical integration. (I got lucky in that I had a 20.5C that I bought out of at the end of last week since I wanted to hold on to my shares, and then they popped on the scrap metal recycler news this week.) + +Options are juicy enough my taste (1-1.5%/week) at the 30 delta level either way (P or C), so I've been opening strangles for a while and I'll probably continue opening for another while. I'm not trying to do anything fancy with them. + +That all said: this is my top pick right now because I believe in them long term, but I still don't want to overallocate towards them JUST IN CASE. + +So whats your top conviction stock, and why? +What if, when GameStop filed their latest 8-K they also gave the 10 day minimum notice to the SEC for a dividend? + +What if come Monday we get an announcement/ ex-dividend date for a 3:1 stock dividend? + +My thinking is, as of today they have recorded all the people holding stock (record date for the vote) what if they used that data to also release a stock dividend? + +A company has to give a minimum of 10 days notice to the SEC, but only 10 minutes to the public. I believe, correct me if I’m wrong. + +Well 10 days would be this weekend… Could we be receiving the greatest reach around in history on Monday? And even then that only being an appetiser to what’s coming. + +Also, RC tweeted 3 times the day the 8-K was released. Maybe there were 3 things happening that day. The 8-K release, the dividend notification to the SEC and something else maybe. + +I don’t know, I’m smooth. But I probably won’t be sleeping this weekend. +Where is Mr. “retail needs a cop on the beat”?? + +Has he commented or discussed the FTX situation yet? Has he even made an appearance in the past two months? + +Seems so corrupt… is he under arrest or a NDA for his compliance with FTX scheme? + +What is even happening? I feel like we are just spectators to a weird Asian game show where we buy a stonk and make the people in the centre stage fight over the selection and we end up getting a cannon of money shot towards us. What is real life? Where is Gary Gensler? Where is Mrs. Monaco? DOJ? Anybody with a brain cell and common sense? + +Somebody said that white collar crimes in the financial sector specifically, would start to come with prison time. WE ARE ALL WAITING….. +Hey guys, I am very new to this sub, but first thank you for all the information you have shared, I have been going through here and just learning so much. Anyways, I'm approaching 30, finally have a grown up job and I'm making good money. Ironically all my life I havn't made a whole lot of money, but always have spent it all and now I finally I'm making good money and I no longer want to spend a single dollar. So I am starting a 401K and an IRA and have been looking at my spending for the first time in my life and realized I am spending close to 2k a year on coffee and I am blown away, because $5-6 a day doesn't seem like a big deal, but it adds up. Anyways, I am sure you guys knew that, but my eyes are opened and I'm excited to start saving that money +This is more of a rant I guess: + +I was thinking about the Help to Buy loan equity and Shared Ownership schemes, and how they only apply to new build properties. + +Surely this means the price of new build homes is too high if first time buyers need financial help to buy it. This is almost like artificial inflation of price, because the underlying people buying it can’t actually afford it. + +Plus, if the first person who buys the house/flat had help to do it, like getting the loan, doesn’t that mean it will be hard to sell for the same price or more, because the next person wouldn’t get the same help because it’s not a new build anymore. + +I just feel like these schemes are only benefiting the house builders so they can charge more for their cheap quality new build, and it doesn’t address the root of the problem. + +What do others think? Am I missing something obvious? +I just watched a video from CMC discussing DAOs, and at first I was like, oh cool she’s making all the good points, but then she continued and even more so at the end, I was like *….wait a minute….* this is oddly similar in structure and content to my recent info post about DAOs. + +[Week old post for reference](https://np.reddit.com/r/CryptoCurrency/comments/ragxwq/i_spent_5_hours_researching_what_a_dao_is_so_you/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + +[CMC video from 2 days ago](https://m.youtube.com/watch?v=zzE3fpOqJbc.) + +Now mind you my post was a large aggregation of multiple sources of information, but tell me what you think, my old post and this video are just too similar in format and examples used! + +I’m both flattered and upset. + +**Edit:** CMC has allegedly responded, here is a [Reddit link to a now deleted comment from CMC](https://np.reddit.com/r/CryptoCurrency/comments/rfnmjg/coinmarketcap_stole_my_recent_reddit_post_about/hohpen9/?utm_source=share&utm_medium=ios_app&utm_name=iossmf&context=3) on this post that can now not be found. +I am in my early 30s with a credit score of 750 but other than revolving credit, I do not have credit history. My partner and I are planning on buying our first home together and will be applying for a mortgage loan in the next 8-12 months. My partner has excellent credit with extensive credit history via paid off student and personal loans. Since I do not have any credit history, should I take out a small personal loan just to build up credit before applying for a mortgage? Or would that negatively impact me because of the tight time frame? + +Thank you in advance! +https://www.bloomberg.com/news/articles/2018-11-12/bat-plunges-on-possible-u-s-move-to-ban-menthol-cigarettes + +Other reports say they're considering a ban on certain types of flavoured e-cigarettes too, rounds off a pretty terrible year for big tobacco. +Hello, I'm not part of the internal team, + +But I found they are real and new company, so i started helping them as much as I could, because they seems genuine. + +They still have problem with getting traction on their token, they launched last week but they are little late on marketing, because they focused on their product first as they need to think on investors and clients. Currently community for this token is growing steady but constantly. + +The community even celebrated when we reached 200 followers on Telegram group. It’s slow progress but we are determined. + +So I hope this thread can expose more about them, and can improve and grow their community and their approach to the crypto world. + +Please check out their sub [r/4SOFT](https://www.reddit.com/r/4SOFT/) and comment and give any feedback. + +I even volunteered as their reddit mod after communicating with them since they are lacking people on marketing but are so active on Telegram group. + +Thank you for reading, + +website: [https://4-soft.com](https://4-soft.com/) + +telegram: [https://t.me/foursoftcom](https://t.me/foursoftcom) + +token: 0x8a4840dc5975e424ec530ec88a8f27910a3cef51 +NFT is now the butt of jokes and its making crypto look bad. There is finally something that can show the world the capability of blockchains and what crypto is capable off, and instead it is turn into a cash grab of JPEGs and weird antics. It was kind of neat as a novelty but now not so much. + +But NFT is so much more and it deserves better. Lets change things by decoupling the JPEG from NFT. I will start first. Here is a random list. + +* Land deeds and proof of ownership. The really cool thing about this is that it can even over time keep track of changes to the property. + * There is a recent Florida auction that was sold this way and attracted over 7,000 bidders. +* Medical records. Imagine your own medical NFT ledger that you can give access to and can deny at will. This includes tracking your access of your data for research/insurance/marketing. + * George Church has started a genome sequencing company called Nebula that is exploring this. + * ever got to a new doctors office and filling a shit load of paper work, twice? Well with NFT it could be just a simple access request. +* IP/patents can be documented and verified so that there is no question who invented what. + * I'm not just talking about selling the NFT as a patent but literaly to track work related to the patents. This is a huge issue when it comes time to say who invented what and who gets the patent. The latest controversy was with CRISPR. +* any type of ID can now be easily verified and difficult to fake - that means someone can't just scan your driver license and make a clone of it. +* Ticketmaster killer, you know what I mean here. And NFT tickets can easily be linked to special subevents like autographs, special access and what not. +* Linking to real world assets to ensure authenticity. One I heard of recently is linking the odometer in cars and preventing people from turning it back. +* Anything that requires a real life contract. +* notary. +* etc. + +the point is that its not something hypothetical; its real and its probably one of the easiest way to increase use of cryptocurrency and blockchains. So lets not do it any more damage by constantly linking JPEGS/digital arts to NFT because its so much more. + +thanks for reading. + +**edit**, thanks for comments: The idea of the post was to open up the discussion for the potential of NFTs and not so much that this list is the only application or even the right application, lots of heated debate with strong opinions below, but regardless I think it achieve what it wanted to do which is open the discussion. +Hello EU investors, + +I’ve read a [recent article by Sean Peche](https://www.linkedin.com/posts/seanpeche_etf-numbersnotnarrative-valueinvesting-activity-6961400195695681537-n7E6?utm_source=linkedin_share&utm_medium=ios_app) where he states that Passive Investing is "a terrible way to invest if you want exposure to Value" + +Why? + +Because of the methodologies applied by the various index. + +I’m personally a fan of ETF investing strategy, but this article made me think that it should be combined with a Value Investing Strategy. + +What are your thoughts? + +Thanks a lot for sharing! +EDIT: + +Concluded on Friday 26th. Eventually the squeaky wheel got serviced. I asked enough that it must have gotten enough attention to have some senior push-it-through. + +Thanks for the advice and input + +\- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - +I have a (month long) quandary. + +I like(d) the EToro virtual product, figured I'd get started with the real thing. + +I deposited €2k as per the "wired" transaction instructions, and waited out the 7 working days. I followed up to ask how long it should take to reflect, and was asked for evidence that it was me who made the payment. Weird, why not ask for that in the wire instructions. Anyways, I complied, and was informed my query was with the finance department, and that my patience was appreciated. + +That "patience being appreciated" has been the consistent message to every bit of communication I have attempted thereafter. I cannot call them. I have created 3 separate tickets, after the initial two were marked as resolved and closed. Involved their Twitter support account, who to their credit did follow-up once. Yet it has been another week after having to "shout and scream" for attention. + +It's now been just shy of a month, and I am beyond frustrated and agitated. What do you do in this instance, any suggestions, numbers I can call, email addresses other than support? + +I'm based in Berlin, so the "service" is via the German entity. + +In closing, this also serves as a word of warning - perhaps don't use the wire-transfer option with Etoro. I've never seen such a complete lack of care for someone's finances. +Hello there, Romanian citizen here and as most of you know, the laws in Europe don't "allow" you to own some USA ETFs or stocks. Although some brokers give you the choice to acquire them through a CFD with no leverage ( VOO for example ). At first glance, it looks like they have the same risk as direct trades. I am looking to invest long term ( >15yrs). But I am not sure if it's the right thing to do since you don't actually "own" them. Are there any "hidden" risks? What's your opinion on this? Thanks in advance! +[https://www.dailymail.co.uk/news/article-8968569/Vote-Mexico-brings-worlds-largest-legal-weed-market-one-step-closer.html](https://www.dailymail.co.uk/news/article-8968569/Vote-Mexico-brings-worlds-largest-legal-weed-market-one-step-closer.html) + +&#x200B; + +This is BIG news for ACB who owns Farmacias Magistrales S.A., the only company in Mexico that is licensed to import cannabis with more than one percent THC. This could be step in turning around the company. TA shows that first wave has consolidated, I feel like this could pop and start the next the wave. + +&#x200B; + +What do you all think? +Hey SS. + + I will not mention the ticker. It has nothing to do with GME, nor is this a suggestion that they'd do this to our beloved stonk. + +What I want you to be aware of though is how important DRSing your shares absolutely is. In our ticker, we were due for a squeeze due to the stock being delisted entirely and moving into a private ticker for the sale of an oil field. + +The choice was: Sell during a squeeze (of course, hedgies gon' hedge and illegally traded it to the tune of ridiculous naked numbers as they tend to do) or hold for the private ticker and sale of the assets. + +THE CHOICE BELONGED TO THE INVESTOR. + +Nope. Finra simply DELETED the ticker today without warning and said "due to extraordinary circumstances involving this stock we are removing it from trading". + +Notices from the DTCC went out giving dates that trading would be allowed, through the date of delisting, and people invested money. Then they woke up today and got "surprise, Finra doesnt want that, a squeeze will hurt hedgie feelings, so, deleted." They took the choice away from investors to prevent consequences to irreponsible shorts. + +That cannot happen if shares are in your name. I have been holding GME for two years, all of my shares are DRSed. Other than GME, this was a canary in the coal mine for me. GME is the only stock I will hold from here out. It is not a free and fair market whatsoever. If hedgie gets in trouble, they protect them. DRS your shares, in Cohen we trust, and I pray one day we move to a blockchain. These people will do anything to screw retail. + +I just saw today what happens when they are within the grasp of criminals. They refuse to lose and they simply cheat. That cannot happen if you are the custodian of your shares. + +DRS. + +Do it today. Absolutely financial advise. Ask the rest of us who just lost everything in that other ticker. Poof gone. Because it was in their hands, not ours. + +D. +R. +S. + +That is all. Power to the players forever. +I wanted to start a discussion after hearing Bruce speak this week, for those that don't know him. He is one of the leading data experts on real estate timing in California. Correctly predicting many of our cycles with his in depth reports "The California Comeback" - 1997 & "The California Crash" - 2006. I can't recall the name of his later reports but in 2010-2013 he was very bullish in California, suggesting we buy as much as we can get our hands on. Again, predicting the market correctly. + +He is now promoting a January event, California Real Estate: On Borrowed Time and went over the bullet points of his report he is still working on last night at the San Diego Real Estate Investors Association. There is little doubt he is now very bearish on California and national markets. When this man speaks, I listen. He is moving his money to southwest Florida where he can achieve higher cash flows from newer properties. Focusing on the growing demand for workers in the healthcare industries due to aging baby boomers. 1031 exchanging single homes in California for 2-3 new construction rental units. + +It doesn't seem like he is calling for a crash, but a period of flat values and struggles for certain assets. Similar to 1989 to 1998 when values were mostly flat, although certain types of real estate did suffer. His warnings included getting out of less desirable properties (poor location, old, etc). Avoiding luxury flips, multi units in areas where there is high competition from other multi units. + +Bruce is someone who is very focused on timing, in California that seems to be a very important aspect of investing. I wanted to see where other California investors are in regards to the current market and their thoughts moving ahead. +Hey everyone, + +&#x200B; + +I was hoping to see if a phenomenon I have been seeing is city specific or also happening elsewhere. + +&#x200B; + +I try to keep up with market rates monthly. Furthermore, I have noticed a huge increase in rent prices in C or lower properties but no such increase in A or B. In fact, the rents are very similar at this point. I am hoping someone who has been in this business for 10+ years can chime in with what they think may be going on and if they have ever seen something similar happening. +I am curious about how others are following similar advice to what Graham Stephan mentions in his [Beginner's Guide to Investing](https://youtu.be/VXeaU0i54H0?t=243) (exact time stamp is linked). The video time stamp describes how many lenders look at the past 3 years of tax returns to determine an individual's eligiblity for a loan. And Graham offers some advice in regards to this. + +In this video, he says that if trying to qualify for a mortgage, one must observe three things: + +* Excellent Credit +* Proof of income +* Shopping around for lowest interest possible + +The part I'm particularly curious about, and that I've linked above, is when he mentions how to structure your tax returns to show more or less income in a given year. Graham says that having too low of an income will disqualify you for homes you want, while having too high of an income is not worth the extra taxes paid and offers no added benefit in a lender's eyes. + +He then goes on to say that he artificially deflates income by adding in write-offs, while inflating income by getting a lender to review his upcoming year's tax return in October or November of a given year, then upping his income at the end of the year by realizing more capital gains if needed to buffer his AGI for that particular year if it is not high enough for a mortgage. + +What do you guys think about this strategy? Is it legal, and furthermore if so what is the sweet spot for income, to stand out on paper, but not going overboard and pushing oneself into higher tax brackets? + +I've done some small calculations and it seems that for Single filers, always showing at least $40,000 in capital gains income a year is a no brainer. For married filing jointly, $80,000. As the 0% long term gains tax bracket should be taken advantage of if one has the ability to do so. Beyond that, at least for the federal tax brackets, one should shoot for at most $160,000 in overall income every year if they are able to. This puts them in the ordinary income bracket of 24% for single filers, or 22% for MFJ filers. The next highest bracket being well above at 32% which is a huge jump. While the bracket below at $80,000 in ordinary income is only 12%, but may be too low to qualify for a more robust loan. + +Eager to hear your guys' thoughts on the matter. Those with capital gains income as their primary source of income most especially. As with capital gains, one has greater control over how much of those gains they realize in a given year, and can effectively plan out what their rough AGI will be each year. So if you wanted to appear as a $100,000 earner, or a $200,000 earner, you could do so with ease if most of your income comes from investments. +Edit2: good news: struck a deal with my brick people to also install my balconies. +Went to see pro bono lawyer, told me easy win, just to bring the right docs and proofs. The tenant isnt showing up and I have text proof. + +Going through my first proerty and seem to hit every problem along the way. + +Started new reno, lost financing, lost a contractor, lost a tenant, found more and more to fix. It's on going work and it can be a lot. I know i can't sell for min 6 years to even make my down payment back. + +This is a taugh industry and it will eat you up, use up your rainy day fund and more, stress you to hell and discourage you. + +This is to Hoping it gets better, just saying for many maybe just managing a stock portfolio is the better choice, seriously this is a buisness you need to run and manage. Not a hobby. + +Gona stick with it but, just for fore thaught for new investors. + +edit: 1 contractors have accepted then cancled on me, thinking about just bitting the bullet and getting a real install company. + 7 contractors flaked in 4 days. + + +Money...ya that's still the hard one, might see if I can increase line of credit. + + + +Funny story, had a guy call me saying he can do the job for 80$ a day lol, 300$ for the whole job. I ask him how he's gona haul balconies up to the 2nd floor alone. He says he can find somone to work with him so that 40$ each for 10hrs of work. Then he start talking about how he's gona borrow tools and a truck. I'm actually intrested if he can get a cheap truck though. + +Might hire him just to load everything up if he can get a truck, no way letting him do actual work though. +I'd like to take the time to reflect on the crazy year that was 2017 for cryptocurrency investors, and weigh in on what we've learned over the past year, while also making a few predictions for the future. + +One year feels like a decade in crypto, and so many various forces finally cumulated together in 2017 that we had an explosion of activity that left me feeling both exhausted and exhilarated. We saw LTC go on Coinbase, we saw an ICO rush with new issues like Bancor raising 150mil in 3 hours, we saw the absurdity that is cryptokitties crushing the ETH network, we saw Bitcoin Cash and the shitshow surrounding that, we saw Segwit and the long awaited Bitcoin futures. I will always remember where I was at the moment I watched Bitcoin pass $10,000 on GDAX. I will never forget the sweat as I watched the Gemini Auction for my BTC and then waiting for the payment to settle. And I will never forget the flurry of questions, advice seeking and inquiries from people in December as the media spotlight made cryptocurrencies a mainstream concern. We've come a long way, from the days of being considered oddball technogeeks to now being the vanguard of early adopters. + +#Some major trends in 2017 and lessons learned + +* **The Mainstreaming of Cryptocurrencies:** This was the year that the "normies" entered crypto in astounding numbers, especially later in the year and cumulating in December. From Ice Tea companies to my hairdresser, everyone wanted to be involved in crypto. New naive money will continue to pump into the market this year, and its important we welcome them while also keeping their expectations grounded in reality. Encouraging new investors with stories of how they can double their investment in a week is not a sustainable method of keeping them interested in crypto. + +* **ICO Craze:** For many 2017 was the year that the ICO. People made a ton of money by getting into ICOs early before a coin became hyped by the marketing efforts. Sites like ICOBench sprung up and provided people an easy way to find new ICOs to invest in, and those who got in could get a handsome profit by buying the coins for pennies then selling them for dimes a few months later at an exchange, with many ICOs offering pre-sale discounts for early registrations. I suspect that this trend will actually die out in 2018 as there seem to be way too many coins coming out now and they won't all be able to pump, we're already seeing ICOs recently getting dumped hard the moment they start trading on an exchange. + +* **The rapid development of altcoin investment:** At the beginning of the year the marketcap for altcoins as just $2 billion. By the end of 2017 it grew to over $370 billion. This was the year that investing in cryptos became about more than just Bitcoin. We saw an explosion of new promising altcoins, Binance launched in July, LTC was added to Coinbase and Ethereum really came into its own as a dominant force. I suspect that this focus on altcoins will continue as its now easier than ever to research and obtain them. + +* **Resilience in the face of regulation:** China banned initial coin offerings and bitcoin exchanges in the first weeks of September. The ban caused a precipitous drop in cryptocurrency flows worldwide and invoked panic within me, with Bitcoin going down to almost $3K. However we recovered surprisingly quick. This is why I wasn't too concerned with the recent news that Korea may crack down on exchanges. Cryptocurrencies are decentralized and distributed, and while government actions certainly can hurt the price in the short term, I think any attempts at increased crackdowns will result in a recovery within a few months. Crypto seems to be a lot more resilient than most people realize to laws trying to destroy it, so don't freak out when you hear a story about increased regulation in the Far East. + +* **Institutional money coming in:** We saw the speculation of an ETF not come to fruition, but in December the CME Group and CBOE started trading futures on Bitcoin. The lead up to this event and the subsequent decline and relative stabilization of Bitcoin will lead to a cascade of effects. We now have a genuine price discovery mechanism that will put downward pressure on BTC with its futures contracts. McAfees predictions of a million dollar BTC are not going to come to fruition now that you can short it. + +* **Chase for the "next bitcoin":** Lambo psychosis dominated and continued into the new year with nearly every coin in the top 100 showing a steep parabolic rise. This is actually something a lot of long term investors find deeply troubling, because now people are hungry for crazy x10 gains within a month and that is simply unsustainable. + +#Some predictions for the year 2018 + +**Decline for Bitcoin** + +I have a long-standing emotional connection to Bitcoin and really do want it to succeed. But by now even the early adopters have come to accept how far away we are from the original vision of the currency. We are now seeing a decrease in adoption among ecommerce sites, which a sad state of affairs. I'm not so confident that Lighning will be enough at this point. Lightning likely wont be here for at least another 1-2 years and the problem will be user adoption. Segwit gave users a 40% discount on fees, and was a relatively simple upgrade, yet its 2018 and only [8% of transactions come from Segwit addresses](http://segwit.party/charts/). LN is way more difficult to implement, so don't expect it to be useful for at least a year after release. Core developers should have followed through with the New York Agreement and increased the blocksize to 2 MB. It's actually much more practical to scale BTC through miners than users, as most miners abide by the rules of a small set of mining pools and use the same software. Segwit2X was doomed to failure but it had 90% support among miners before the campaign against it started, and even after it had over 70% miner support. I think 70% miner support before a fork is vastly better for initiating a change than 8% user support. + +Core team really needs to wake up right away and realize that the continual declines in market dominance are a reflection of Bitcoins failure to find utility, and that the first movers advantage and name brand will not last forever. Unless it solves the problem of insane transaction fees, ballooned mempool size, long transaction times and most of the accounts not even being able to afford to move the balance out I don't see BTC doing anything but declining in market dominance. + +**Ethereum will become an even more dominant force** + +I can see the long awaited flipening come in 2018. Ethereum already processes way more transactions than anything else, it already is basically THE platform for new coins and powers so much of the entire cryptocurrency ecosystem. The Constantinople fork and Casper Proof-of-Stake changes should take care of the TPS limitations for the next few years, and I expect to see an explosion of dApps in 2018. Ethereum has tons of developer support behind it and POS means people will want to hold it for the long term. Its already become my #1 core/safe-haven position and I think a 3-5K range in 2018 is completely reasonable. + +**The emergence of transactable business-oriented blockchains** + +The last few years were about theory and technological innovation, but I think 2018 will be the year that cryptocurrencies finally start to demonstrate value in solving business problems. + +Ultimately a cryptocurrency is pointless if it doesn't solve some transactional problem or alleviate some inefficiency in the value-exchange process. There are several sectors/cases for business users that are ripe for blockchain technology: supply chain, settlement layers between intercurrency transactions, payment processing, offloading processing tasks onto blockchains, identity management...etc. + +I expect that transactable coins that actually have functionality will be the big winners. ICX, WTC, VEN, NEO, XLM and others that target enterprise-oriented use cases will likely be the focus over the next year. + +**The rise of a DAG coin as a standard for transfers between exchanges, most likely Raiblocks (XRB)** + +Lets be perfectly honest: Right now the vast majority of transactions being conducted on the blockchain is simply moving cryptos around various exchanges. Its quite a nerve-wracking process, watching thousands of dollars sitting unconfirmed on the blockchain explorer for hours is not a pleasant experience. If you move your balances a lot you will end up losing substantial money to transfer fees. This is why I can see a light fast DAG becoming a standard for inter-exchange transfers of funds, specifically XRB after it gets listed on Binance. Being a DAG the process of onboarding isn't as simple as just adding another ERC20 coin, but once the Raiblocks team figures this out on Binance I suspect that adoption will follow quickly to other exchanges. The quick transactions speed and no cost will make it the ideal coin to exploit arbitrage between less liquid and more liquid markets. + +**The rise of "dividend coins"** + +The next year should be one where the stretched valuations are questioned, and those coins that pay out a form of dividend and can thus be easily valued will become a safe harbor. NEO, EOS, ARK, VEN,OMG among others should gain favor. We actually saw NEO do particularly well in this recent downturn. I expect to see a lot more also following this dividend payment model. + +**The move away from mining to POS/dPOS and DAG secondary layers** + +I think its becoming clear to everyone by now that mining is a wasteful process and brings in scalability issues, along with concentrations of power in low electricity countries like China. In 2018 I think we will see more and more of a movement towards eliminating mining altogether the way Ethereum is doing, in order to get over the scaling issue that mining brings with it. I also envision that DAG secondary layers build on top of a legacy POW blockchain will likely become a trendy thing. I also think dPOS will become more and more popular as it keeps the benefits of POS but also allows for a more democratic consensus method. + +**Coinbase will continue having a massively disproportionate influence** + +Unfortunately right now there are only truly 3 onramps for crypto investors: Coinbase, Gemini and Kraken. I use Gemini but the vast majority will use Coinbase because its simply the easiest and quickest. Right now the state-by-licensing moat that Coinbase has is so large that it will be difficult for any competitor to enter and integrate into the US banking infrastructure. Bittrex has wires to fiat, but that's too difficult for the average person who wants to use a credit card. What we are essentially seeing is Coinbase achieving a natural monopoly. + +**Binance as the #1 exchange** + +Binance has already grown to the #2 exchange in only a few months of existence and its easy to see why, it has the lowest transaction fees, offers great variety of coins and is overall very solid for trading. Its appealing to both eastern and western investors. Bitfinex, GDAX, Kraken and Bittrex are frequently down and tend to lock up quite often, and Chinese/Korean exchanges are not really usable by Westerners. I think that also BNB will just continue to increase in price. Actually Binance almost guarantees it'll go up by guaranteeing that they will continue to buy BNB back with 20% of their profits and burn them. + +**Hype coins without use cases go in decline** + +We will still likely see more coins like Tron that rise quickly based on a charismatic founder and massive social media hype campaigns, however they will inevitably die off more and more in 2018. The next year should be one of demonstrated working product and clear use cases as I think that people will end up increasingly tired of being dumped on after investing in hype coins. + +**Tether will continue to be shady as hell** + +There has been an absurd amount of tether being printed by Bitfinex/Tether, which are supposedly backed by real dollars. Just right now we had yet another $100 million printed. Right now a lot of people assume they can just unload into tether quick, and their losses are therefore hedged in case they need to get out their entire position. But tether isn't backed 1:1 by the USD, their "audit" shows $1.4 billion in US dollar assets which is apparently held in shady Taiwanese banks which were blocked by US banks including Wells Fargo. Bitfinex (which owns the Hong Kong based Tether) is incorporated in a shady LLC scheme in the Virgin Islands and will be held to very loose insolvency laws if there is a run up on their liabilities. All these people won't be able to cash out, and will be left simply standing with USDT that can't be converted into fiat. + +**A large correction is likely coming in 2018, especially in altcoins that entered the top of the charts recently** + +Its long overdue and Warren Buffet does have a point. I think he's incorrect in his general dismissal of cryptocurrency investment as a whole, but he is correct that the valuations of the market is far too stretched and that a lot of speculative money entering in now is creating price action that is divorced from adoption. Easy gains will be easily lost just as fast. This would actually be healthy for the market in the long run and would be swift as long as people offload into core holdings then buy back the dips after the garbage coins are shaken out, but if there is a run up on Tether I would be much more concerned at entering a long term bear market. + +Recently on January 7 the Financial Services Commission in Korea released news that Korean cryptocurrency exchanges have only $1.8 Billion in reserves to fund their leverage, which is well over $100 billion. I don't know when specifically the next Mt.Gox style meltdown will happen but I am fairly certain it will be around Tether/Bitfinex and the issue of there simply not being not enough reserve within the system to support the leverege, and USDT giving people a false sense of security. If there is a panic over some short term event and a mass withdrawl request on Tether, the whole thing would collapse nearly overnight and bring every crypto down as people overwhelm the very few offramps that exist. The lawsuits would be flying left and right and would take years, fueling endless scary headlines and keeping more people from putting fiat in. Lets hope that the correction is much smoother and that people unload the recently mooned smaller coins into other core cryptocurrencies. As long as this is done we should be fine and recover. + + +#Moving Forward + + +Currently I plan to continue holding for the long term, even with my negativity over the market as a whole. I think that 2018 will ultimately be a year where coin have to demonstrate genuine utility and where they will finally need to answer that question: "Well what in fact is this thing useful for?" In my view enterprise-oriented cryptos that address transactional inefficiencies will prosper, platforms like ETH and NEO will continue to be great investments and that the privacy segment is still a solid hold. I think a lot of long term holders are pretty upset right now with how the market is being taken over by get-rich-quick schemes, but at the same time a lot of this will likely get shaken out. + +Anyway I wish you all a great 2018 and may you all drive Pagani Zondas on the moon one day. + +**Preamble:** Jim Cramer is definitely a controversial figure. While argument can be made on whether he is on the side of retail investors or not, what I really wanted to know was how his stock picks are performing. Surprisingly, there were no trackers for the performance of Cramer’s pick in his program (his program is Mad Money, for those who are not familiar). + +**Where the data is from:** [here](https://madmoney.thestreet.com/screener/index.cfm). All the 19,201 stock picks made by Cramer are listed here. His stock picks are updated here daily. While Cramer mentions a lot of stocks in his program, I only considered the stocks that Cramer specifically recommended that you should buy or sell. (I have ignored the stocks where Cramer says he likes/dislikes the stock since I felt that it’s a vague statement and cannot be considered as a buy/sell recommendation). + +**Analysis:** There were 725 buy/sell recommendations made by Cramer in 2021. Out of this, 651 were Buy and 74 were Sell. For both sets, I calculated the stock price change across four periods. + +a. One Day + +b. One Week + +c. One Month + +d. Price Change till date + +I also checked what percentage of Cramer’s calls were right across different time periods. + +**Results:** + +https://preview.redd.it/v6v86fgm5yt61.png?width=624&format=png&auto=webp&s=46d99ad37e0f07803910a0ee250883aee7be43ee + + Cramer made a total of 651 buy recommendations over the course of the past 4 months. If you had invested in every single stock, he recommended and then pulled out the next day, the returns were a staggering 555%. He was also right on 58.9% of the calls he made (Benchmark being 50% since anyone can pick a random stock and the probability of the stock going up is 50%). The weekly performance returns are also a respectable 42% but he was barely touching 50% in the percentage of right picks. One month from his recommendations, the stock return is an abysmal -223% and he was wrong more than he was right on his calls. The returns till date are also phenomenal with 446% return and Cramer being right a whopping 63.6% in his stock picks. + +&#x200B; + +https://preview.redd.it/7tt84a2o5yt61.png?width=607&format=png&auto=webp&s=6bc245cf01922010a13705e721d564a4299ebbac + +Cramer’s sell recommendations performed better than his buy recommendations across different time periods. This stat is particularly commendable since we were in a predominantly bull market across the last 4 months. 57.5% of the stocks he recommended as a sell dropped in price the next day with a cumulative return of -118.9%. This trend is observed across the time period with returns for the sell recommendations being negative. The only statistic that is working against Cramer’s sell recommendation is the percentage of right picks till date being only 42%. But still the cumulative return for all the stocks was -206%. Please note that Cramer made only 74 sell recommendations against a whopping 651 buy recommendations during the same period of time. + +**Limitations of the analysis** + +The above analysis is far from perfect and has multiple limitations. First, Cramer has made a total of 19K recommendations in his program. I have only analyzed his 2021 recommendations. The site which provides the data is extremely limited in terms of how we can access the data. Also, currently the data is pulled from street.com which was earlier owned by Cramer. They update the data everyday after the show, but I could not verify if they go back and change the calls down the line (very unlikely with it being a large business). Also, for the return calculations, I have only used the closing price of the stock across the time periods. The returns can theoretically be higher if you consider the intra-day highs and lows. + +**Conclusion** + +No matter how we feel about Cramer, the one-day returns on both his buy and sell recommendations have been phenomenal. I started the analysis thinking that the returns would be mediocre at best as there were no trackers actively tracking the returns from his calls. But the data points otherwise. It seems that there is a lot of scope for short term plays based on Cramer’s recommendation. Let me know what you think! + +Google Sheet link containing all the recommendations and analysis: [here](https://docs.google.com/spreadsheets/d/1ah4JvEMIlGopn-zOjNwB8iWCUO4r-W5FV19oX_tM9oQ/edit?usp=sharing) + +*Disclaimer: I am not a financial advisor and in no way related to Cramer or the Mad Money show.* +Step one: Take out a loan of as much money as your credit allows at today's low interest rates. + +Step Two: Take your bundle of cash to Costco and buy their entire inventory of non-perishable food items + +Step Three: Wait for the $USD to be hyper inflated by the Federal Reserve's 2020 shenanigans. + +Step Four: Resell your beans and use the money to repay the loan. Keep the difference. + +Congratulations, you're now financially stable in a crashed economy and have enough food that anyone else would mistake you for a doomsday prepper. I am not a financial advisor. This is not financial advice. +Good Morning and Happy New Year to everyone! + +Today should be fairly volatile it marks the end of the fiscal year and usually drives a decent amount of market wide volatility and volume. + +We have FTDs continuing to roll in from late November, which should be switching net short today + +https://preview.redd.it/f3quszlwsv881.png?width=187&format=png&auto=webp&s=98b43ad2b41d47f58184cb080af5754d7922fa56 + +However the volume is still very low. + +GME is however trading at max pain ($155) going into this morning. Ideally we will see a Friday close slightly above and maybe some tests of that 160 put wall. Closing above max pain on Fridays, historically, signals a reversal in trend. + +This is something we are looking for moving towards the ETF FTD dates that begin Jan. 10th and possibly the strengthening of that reversal after XRT begins the threshold process on Jan. 6th (T+13 from 12/17) + +**You are welcome to check my profile for links to my previous DD, and YouTube Livestream.** + +Historical Resistance/Support: + +116.5, 125.5, 132.5, 141, 145, 147.5, 150, 152.5, 157 (ATM offering), 158.5, 162.5, 163, 165.5, 172.5, 174, 176.5, 180, 182.5, 184, 187.5, 190, 192.5, 195, 196.5, 197.5, 200, 209, 211.5, 214.5, 218, 225.20 (ATM offering) 227.5, 232.5, 235, 242.5, 250, 255, 262.5, 275, 280, 285, 300, 302.50, 310, 317.50, 325, 332.5, 340, 350, 400, 483, moon base... + +# After Market + +Slammed into the close of 2021, with large quantities of ITM puts, possibly in an effort to reduce reported position losses for the new year, especially considering how late into the day they were held before volume was sold off. But with the new year I am hoping to see institutional interest pick up, especially if we see any announcements soon. Thank you all so much for the support throughout this year it has been an absolute blast doing this everyday with you guys and I can't wait for January! + +Happy New Year Everyone + +https://preview.redd.it/ndyyyz1r1y881.png?width=743&format=png&auto=webp&s=aae77a9b8d806d83ee533ae0cc9a3458ad1b79e7 + +Edit 5.5 1:42 + +They are probably trying to drive it as low as possible to sell off the put walls profitably, once that pressure is relieved we can rise back up towards max pain. + +Edit 5 1:41 + +Just flooding the chain with 0DTE ITM puts to drive the price as low as possible today, the -delta is weak but effective. + +https://preview.redd.it/kotpf4f8bx881.png?width=862&format=png&auto=webp&s=b87d35df377c9a3a9633b2b3dc2d1acdcaf2bff1 + +https://preview.redd.it/wmpo2676bx881.png?width=1546&format=png&auto=webp&s=51dd90d46756ceb5458841164c5833f048a694c8 + +Edit 4 12:21 + +the spike in 0DTE puts looks like the goal for today is at or below max pain, given the low volume (464k) that seems even more likely. + +https://preview.redd.it/1ez8vesqww881.png?width=1557&format=png&auto=webp&s=1ae7356a3e4f597466b733624a626056c52299c3 + +Edit 3 11:49 + +A little of that volatility coming in across the basket as we jump back over VWAP for the intraday closing the gap to max pain. + +https://preview.redd.it/kvd7xr70rw881.png?width=1556&format=png&auto=webp&s=df4a45f161e2bacc11e05717c11bb3b4b9032617 + +Edit 2 11:10 + +Looks like we are finding some support at 152.50, and are on track for one of the lowest volume days of the year, currently at 325k. + +https://preview.redd.it/ndepi5a0kw881.png?width=1578&format=png&auto=webp&s=56fdc931e4d470c7060f811c2b41cf5972c7af12 + +Edit 1 10:05 + +Some volatility at open but very low volume, 167k traded in the first 35mins. Holding tight to max pain for now. + +https://preview.redd.it/ab7fbpmk8w881.png?width=1581&format=png&auto=webp&s=78dbe2a1b84e6fdbe7502bc775b2fb5056a49c79 + +# Pre-Market Analysis + +GME is staying fairly flat through the pre-market . + +Volume: 3.17k + +Shares to Borrow : + +IBKR - 100,000 @ 0.82% (I was going to post Fintel Data today as well but it appears to be the same as IBKR, I'll continue to check and post it in the future if there is a deviation) + +Fidelity - 316,321 @ 0.75% + +[GME pre-market 1m](https://preview.redd.it/lzzrkxndwv881.png?width=1574&format=png&auto=webp&s=c3c8be8ceb0e02843bec77db1c5d2ffa73c3ef85) + +BB/KC Squeeze signal is also about to fire as the slight daily price increase pushes the Bollinger bands in side the Keltner Channel. This is usually (although sometimes false) signal of a shift in Volume and Volatility from low to high. + +https://preview.redd.it/ug1nw4atwv881.png?width=2460&format=png&auto=webp&s=1c86aba20d506196ffcbc750e77f659d4aeb8e80 + +**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.* +# 🟣 $GME shares Direct Registered at Computershare Update! -- As of July 30th💜🚀🚀71.3 MILLION SHARES!🚀🚀 + +[latest 10Q](https://investor.gamestop.com/node/19906/html) + +https://preview.redd.it/ullae1s83nm91.png?width=722&format=png&auto=webp&s=8771b20b28e33a0c4c178bd07fe36a328d628bb2 + +**NEW HERE?** Are you wondering what DRS is? Do you want to know how and why people are Direct Registering their shares? **Please ask away in the comments! Try to search the comments first to see if your question has been answered. ✨NO KARMA RESTRICTIONS IN THIS THREAD!!✨** + +[August Megathread](https://www.reddit.com/r/Superstonk/comments/wedijp/drscomputershare_megathread_082022/?context=3) + +[July Megathread](https://www.reddit.com/r/Superstonk/comments/vp01of/drscomputershare_megathread_072022/?utm_source=share&utm_medium=web2x&context=3) + +[June Megathread](https://www.reddit.com/r/Superstonk/comments/v2ff5r/drscomputershare_megathread_062022/) + +[May Megathread](https://www.reddit.com/r/Superstonk/comments/ugnqsg/drscomputershare_megathread_052022/?utm_source=share&utm_medium=web2x&context=3) + +[April Megathread](https://www.reddit.com/r/Superstonk/comments/tdxn3w/computershare_megathread/?utm_source=share&utm_medium=web2x&context=3) + +**HAVE YOU GONE THROUGH THE PROCESS OR RESEARCHED IT?** We have some helpful people already willing to answer questions. If you want to be one of them too, hop in and help where you can. We appreciate every last one of you. This thread will sort by new, to make it easier to find unanswered questions. + +**WANT TO FIGURE IT OUT ON YOUR OWN?** [our comprehensive Computershare Guide](https://www.reddit.com/r/Superstonk/comments/ptvaka/when_you_wish_upon_a_star_a_complete_guide_to/) + +[Do your DUE DILIGENCE and please make the right choice for your own situation, whatever that may be!](https://www.reddit.com/r/Superstonk/comments/x6y4tx/drsing_iras_concerns_regarding_custodian_method/) + +[LIST OF CUSTODIANS - for IRA shares](https://innovativewealth.com/wealth-management/research/self-directed-ira-industry/the-ultimate-list-of-self-directed-ira-custodians-and-administrators/) + +[How to Guide - Self-directed IRA (SDIRA)](https://www.reddit.com/r/Superstonk/comments/w4rpor/how_to_guide_true_selfdirected_irasdira_custodian/) + +[IRA Guide](https://www.reddit.com/r/Superstonk/comments/whb8zj/drs_ira_shares_to_computershare_visual_guide_no/?utm_source=share&utm_medium=web2x&context=3) \-- involves moving shares to a custodian, please research the risks involved with various [custodians](https://www.abc.net.au/news/2021-03-05/share-custodians-holding-your-stocks-explainer/13177716) + +[another IRA Guide, this time using an LLC](https://www.reddit.com/r/Superstonk/comments/tc3n8g/how_to_drs_your_ira_shares_the_god_mode_cheat/?utm_source=share&utm_medium=web2x&context=3) + +[covered vs. non-covered shares](https://www.reddit.com/r/Superstonk/comments/xe9mjx/with_all_the_drsing_happening_in_the_sub_lets/) + +[DTCC explaining DRS](https://www.dtcc.com/settlement-and-asset-services/securities-processing/direct-registration-system) + +**Do you want to post your DRS position but don't have enough karma?** Post in [r/GMEOrphans](https://www.reddit.com/r/GMEOrphans/) to feed the bot, there's no karma requirements there. + +**How to transfer from Fidelity?(extremely common question)** You can call or use the chat online and tell them you want to DRS your shares. They will send your shares over to Computershare for you. Once that happens, Computershare will send you a letter in the mail with your 'customer code' so you can set up an online CS account. + +If you don't want to wait for the code, you may be able to verify your ID online - After your shares no longer appear in Fidelity you can simply go to CS and register for your account with your SSN, Zip code, and the name of Gamestop. They will ask a couple verification questions and then you will have an account. If this doesn't work the same day the shares disappear, then check back in a day or two. + +**Can I buy/open an account through Computershare?** Yes. You have to create an account by adding your bank account info, then they send you a letter with your customer code. You use the code to create an online account. Once you have an online account you can create a purchase order. The money will take 3 days to settle, then they buy however many shares they can get with the amount of money you deposited. The shares take T + 2 days to settle. + +[A visual Guide to purchasing from Computershare](https://www.reddit.com/r/Superstonk/comments/prvovo/new_computershare_account_via_new_purchase_visual/) + +If you're outside the US you can use [Wise.com](https://wise.com/) and set up a bank account there, same process. [https://www.drsgme.org/buy-direct-registered-shares-from-computershare-outside-the-us](https://www.drsgme.org/buy-direct-registered-shares-from-computershare-outside-the-us) + +[YOU CAN USE GIVEASHARE IF OUTSIDE USA](https://www.reddit.com/r/Superstonk/comments/umu6nq/european_revolute_ape_here_just_drsed_all_my/) + +How to sell? You may request that Computershare sell all or a portion of your shares online at [www.computershare.com](http://www.computershare.com/). If you want to set the price you're comfortable with, a good-til-cancelled (GTC) limit order is your friend. If the stock reaches the price you set or higher, it will automatically sell for you. + +[Detailed post explaining how to sell online](https://www.reddit.com/r/Superstonk/comments/xqah65/want_to_know_what_happens_when_you_sell_with/) + +**To Contact GME dept in Computershare - 800 522 6645** + +or [https://www-us.computershare.com/Investor/#Contact/Enquiry](https://www-us.computershare.com/Investor/#Contact/Enquiry) + +**International number: 00800-3823-3823** + +If you want to ask questions here but your karma is too low for the sub, DO IT! Automod will remove your message but I will manually approve it for you💜! + +To reduce clutter I will remove off-topic comments. + +[GME plan details](https://cda.computershare.com/Content/7e2c2c4c-aeb6-4614-83a3-b67e32756a78) + +To search Superstonk posts for brokers, guides, anything using the platform [u/Elegant-Remote6667](https://www.reddit.com/u/Elegant-Remote6667/) made [click here](https://app.powerbi.com/view?r=eyJrIjoiMDljZTA3NGUtMjJiYS00YjQwLTk5MTktM2VlNWQ5ODViYjM5IiwidCI6IjI4YzVlNGJkLTVkNmMtNGI1OS1hMGU5LTBhMjQ0Mzk4OTNiZSJ9) + +^(\*not financial advice) + + +[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 trading bot will automatically place trades on the Binance exchange by detecting the most volatile coins in a given timeframe. + +The project gathered significant attention from the GitHub dev community, and have helped to make significant improvements to the original codebase, and I thought you guys might like it as well. + +The code was built with customisability in mind, where each user can modify parameters like: + +* Define what % increase constitues a buy signal +* Time elapsed between price checks +* Trailing stop loss / take profit +* Stop buying when the market is bearish + +In addition to the core functionality, the algorithm is now able to receive and act on external signals which are fully customisable. + +It uses data from Tradingview, and this returns buy signals according to the most relevant indicators. BY default if at least 18 out of 26 indicators agree that it's a good time to buy a certain coin, this will tell the bot to go buy that coin. + +The bot also has a newly-implement pause functionality. It essentially analyses 15 moving average indicators and if half of them show that's a bearish market, the bot will not buy during this period. + +You can also choose and pick any number of custom indicators from oscillators to moving averages and more. Those require a bit of coding, and I'm hoping to make it more user-friendly in the future but the core functionality is there. + +If you're comfortable with Python and would like to inspect the source code please be my guest: + +[https://github.com/CyberPunkMetalHead/Binance-volatility-trading-bot](https://github.com/CyberPunkMetalHead/Binance-volatility-trading-bot) + +Otherwise, if you would like a more detailed guide, and want to try this out start here: + +[https://www.cryptomaton.org/2021/05/16/trailing-stop-loss-and-more-improvements-added-to-the-binance-volatility-trading-bot/](https://www.cryptomaton.org/2021/05/16/trailing-stop-loss-and-more-improvements-added-to-the-binance-volatility-trading-bot/) + +We're currently working on a roadmap to turn this into a working web-app, so there's no steep learning curve for anyone trying this out. You can follow the development progress on GitHub, or here as I will be posting updates on the progress. +I've seen some posts today where some apes were saying that they could only DRS certain shares within their portfolio. + +I'm going to go out on a limb and assume these are more recent purchases that brokerage are having trouble with; as older ones have already been located and settled for their client. I assume the reason for this means that they are having trouble locating shares are that naked / synthetics that are starting to surface. + +When the available float has been reached; I doubt that GameStop is going to be legally able to continue registering more shares (beyond their float) as this was determined by DTCC. + +There would be **no reason** for GameStop to continue allowing more shares to directly register as that would **defeat the entire purpose of all of this**. What I am getting at is when this threshold is finally met I believe this is when GameStop is going to announce that there is a problem so that it's not GameStop initiating MOASS through a share recall rather it's investors having done this on their own - and have inadvertently identified a problem with DTCC's inventorying. + +Since **DTCC has clearly stated they are under no obligation to resolve or unwind naked shorts** and that if investors have concerns about this then it is up to them to withdraw from DTCC and directly register. We clearly have done this with significant magnitude; despite it being completely illegal for GameStop to tell us this - so it's a **good thing we figured this out on our own** through our own **due diligence**. + +This is going to **legally absolve** GameStop in every way shape and form from taking **ANY** blame. SHF's have been backed into a corner and the system has allowed itself to fail and **we have only done what we are legally supposed to do** - directly register **as per the instruction of DTCC**. + +Retail cannot be blamed. They fucked around with the system so much that it backfired on them. +I'm gonna hand out some harsh truth to people who think it's brave to not pay taxes. Listen you're not fighting the government by refusing to pay your taxes, you're fighting your fellow countrymen who aren't as fortunate and privileged as you are. + +You think you have earned your wealth all by yourself and the rest of the people in society can go fuck themselves. well that's not how society works, your taxes helps government services that you directly benefit from (but choose to willfully ignore) continue to function, you ignore this crucial part because it doesn't serve your interest. + +Once again I'm asking you to pay your share and stop being a selfish prick, end of rant. +**I was there 35 years ago**, on "Black Monday" October 19, 1987 - the largest 1-day market crash - U.S. stock market fell more than 20% in one single day. + +"Speculative investing that depended on the bull market to continue was prevalent among individual investors, often including the brokers themselves." - *Wikipedia* also [The Stock Market Crash of 1987](https://www.investopedia.com/terms/s/stock-market-crash-1987.asp) + +There was gambling - I had previously worked for an "Option House" brokerage in Miami FL and, in fact had Call options live on Black Monday... Yes I got hurt financially, pretty bad. The Market actually recovered within weeks. + +On Black Monday I was traveling on business, to New York City. There was Panic evident - a car crash, people yelling. I saw guys in suits, on The Street, messed up - looking like they'd been hit by a truck. + +There was no Internet. Period. You called your Stock Broker over analog phone lines. On the road, you made trades from a phone booth. Trading was done Live, at the brokerage office. Like betting at the horse track. + +Very few people had a Cell Phone, the first Motorola Brick phones and car phones were rare. You made your phone calls from a Hotel room. + +We all smoked cigarettes on the plane, at the bank and grocery store, in the movie theater, everywhere! 😎 +Are you just starting out your independent life, and looking for financial advice on how to adult? Are you sick of /r/personalfinance only having US advice? Have we got a forum for you! I’ve basically copied and pasted /u/yes_its_him ‘s [post]( https://www.reddit.com/r/personalfinance/comments/4tfc76/eli18_personal_finance_tips_for_young_adults_us/?ref=share&ref_source=link) and edited to for Australians. +Please bear in mind, I’m by no means an expert but this is what I’ve experience in my limited time in the financial service industry. + +* To start out, check out [this article](https://www.reddit.com/r/personalfinance/wiki/teachme) with planning and education advice for those in high school, and recent grads. + +* The big change in your life at 18 is you are now legally an adult for contractual purposes, so time to get [bank accounts](https://www.moneysmart.gov.au/managing-your-money/banking) in your own name, (if haven’t already got a dollarmites account)i.e. not with your parents. You want (at least one) savings account and a [no-monthly-fee] spending (card/eftpos) account. Small banks and credit unions typically have better customer service. (Personal note: ING has a great spending’s account if you don’t deposit cheques or cash regularly). + +* You're not going to get rich off interest, sorry! But you can find better savings interest rates (3.25%) at online-only banks. Put away savings as soon as you can, it's a good habit to get into, and starts your [emergency fund](https://www.reddit.com/r/personalfinance/wiki/emergencyfunds). /u/yes_its_him will cover investments and retirement savings in future posts; with limited or part-time income, savings are a better bet for now. + +* You can apply for a [credit card](https://www.moneysmart.gov.au/borrowing-and-credit/credit-cards) once you have income. [This is different than the [debit card](https://www.moneysmart.gov.au/borrowing-and-credit/debit-cards) your bank will provide with your account.] This has pros and cons, but is a reasonable move for many people. It's the best way to independently establish credit without paying interest. Pay the balance in full every month! If you can't do that, then you are not ready to use a credit card. **Don’t get a credit card just to get a credit score** *In my opinion there’s not really a reason that you would need to get a personal loan at this age unless its for a car.* + +* If you need money to continue your education, use VET_FEE HELP/ HELP if you can. Also try to use public TAFE’s, if you want to go there. Alternatively, see if your employer will take you on as a trainee, your pay will be lower but they will usually compensate that by paying for your qualification. Contact your state government for details on traineeships/apprenticeships and public TAFE providers. + +* Don’t be afraid of HELP debts. Though they do affect your credit rating, you aren’t required to pay anything back until you earn over a base amount. This amount is usually enough to live off so you won’t be starving. While studying full time, look into getting Youth Allowance, even if you’re still living at home. + +* You may find yourself working part-time or even full-time. This is a good time to learn about your rights and responsibilities as an employee, including how you are paid and taxed, as well as what your employer can legally do with your hours and even when you can be let go. [Fairwork Australia](https://www.fairwork.gov.au/) is a great source for all of this info. Fortunately, [taxes are low](https://www.moneysmart.gov.au/managing-your-money/income-tax) for most young people (if only because their income is low...), and you may even get a refund when you file taxes! While your lifetime income is the single biggest determinant in your personal finance situation, at this age, your priority is not on current income as much as preparing for the future, thus the focus on education. + +* This is also the time to start learning about [budgeting]( https://www.moneysmart.gov.au/managing-your-money/budgeting) if you have significant responsibilities; more on this in future posts. + +* If you want to save money, live with your parents as long as you can. Seriously! But there comes a time when you want to / have to leave, and you'll need to rent a place. Landlords will want to see that you have income (and a good reference), so try to keep payments [below 30% of your takehome pay](http://www.apartmenttherapy.com/how-much-rent-you-can-really-afford-renters-solutions-186462). You may need a co-signer if you have minimal credit/rental history. You'll need first month's rent and a security deposit up front, and even utility deposits sometimes. Read your lease before you sign it, and know your [rights and responsibilities](http://reiwa.com.au/information/renters/what-are-your-rights-and-responsibilities-as-a-tenant-/) as a tenant (These can vary state by state), and what organizations can help you if you encounter issues. + +* Roommates are a popular way to save money on rent. Be aware of the issues that can come up with roommates though, since circumstances change, and you may be on the hook for their share. Have all roommates on the lease. You might even want a roommate agreement. Perhaps Sheldon Cooper has it right after all? Alternatively, consider renting a room from someone who owns their own house. (This is what I do, and i found a lot easier as the owner will usually not be as anal about their house if they are happy to live in it with other people). + +* Aside from rent, cars are the biggest expenditure for many young people. You can save a lot of money if you don't need to pay for one! It's not just the purchase cost. There's gas, repairs, and especially car insurance, which is very expensive for young people, typically at least $100/month, and can even be $200/month in some places, or if you have a tickets / accidents. (Mine is close to $1000, and there is usually an age excess as well). + +* Your best bet if you do need a car is to save up $5000 or so for a reliable used car, then pay cash, so you can avoid finance charges and make your own insurance choices. **(Never by a new car!)** If you do need to finance a car, be very careful of financing offers for young people. Double-digit interest rates are a Bad Thing (though unlikely in Australia). You do not want to "build credit" that way! The loan and the car are different things. You can't give back the car and be done with the loan, since you will typically be "underwater" and owe more than the car is worth. + +* [Choose your spending wisely. Money spent is unavailable for anything else. Make sure it was your highest priority use of that money.] +That's all for now. Hopefully this helped our Australian viewers. As I said this is more my personal experience so feel free to add/disagree with any advice. I’ll put the next post up as I come to it! + +I've been a grateful lurker here for awhile and applaud your efforts to help one another [design lives](https://designingyour.life/) that are fruitful and satisfying! + +Without knowing it, I've been on a Coast FIRE plan for a few decades. I was single, fairly well paid in Silicon Valley, and living comfortably cheap (renting a room from a friend, modest high-mileage car, international travel as part of my work, volunteering a lot, happy to eat out regularly with friends), giving money away and investing the rest. I inherited a couple of key commitments from my dad: (1) spend less than you make and (2) compound interest is miraculous. (He gave me a little money when I was 16, with the condition I'd meet with his broker and invest it. Thanks tons for the lesson, Dad!) + +My relationship to work seems to be an unusual one. When I was in graduate school, the folks paying my fellowship checked up with me each year to see how I was doing. I thought I needed to prove myself, that I was making sufficient progress toward the degree. But their only question was, "Is there anyone or anything getting in the way of your doing what you think you should be doing?" Since then, at each job, I've worked out a partnership where I'm doing what I think should be done, contributing my gifts as best I can for something that matters and I enjoy. Compensation is a good indicator that other people find it valuable too. + +So at age 34, I was able to negotiate a year off from my tech research job to go back to school. My savings meant a year without salary wasn't a problem. They held my job for me, and even indulged my studying a second year, and then working remotely for a couple of years while my newfound wife finished her education. That eventually grew to three more years of studying toward a second PhD (again with no income, but frugality and savings made it manageable), in a much lower paying field, yielding a 75% pay cut but again doing what I wanted to do. + +Fast forward.... I've been working for a non-profit for eight years. It's pulled together my strange combination of education and skills, with a lower salary than my tech years (about 50%), but a fully livable salary for our family of four in a MCOL city ("spend less than you make"), and the savings of my youth still quietly growing in the background. + +A couple of years ago my work situation changed. New management and new philosophy. I'm less valued and even seen as a threat. I'm no longer involved in the decisions that matter. We butt heads over some of those decisions. I decide this is no longer "doing what I want to be and should be doing." So I resigned, effective next month. + +At first I was scrambling for what my next thing might be. But then I decided to think soberly about our financial situation and lay out a "what if?" scenario if there is no next step that generates compensation. Lo and behold, my set-it-and-forget-it portfolio has done really well, and it looks like I'm at a very comfortable 2.5% withdrawal rate, even with additional health costs and having some fun with the extra time. So I think I just accidentally FIREd at age 54. + +That said, I don't think I'm done. I've got a few friends reaching out to me to draw me into their ventures. The fear side of me makes me want to jump into something new, to not be spending money I'm not actively earning, but the FIRE voice keeps reminding me that I can be selective. I don't want to get into a bad situation just because I'm on the rebound. + +Maybe my story will spark some helpful conversations. A few summary thoughts: + +1. Saving early, if you can do it, yields tons of freedom. +2. FI (including being on a trajectory that is confidently leading to FI) isn't just about quitting working. It leads to the freedom to make unconventional career choices for building a meaningful life. +3. Don't be afraid of an upside down view of work, if it fits your situation: I've not begrudgingly let myself "be used" by my employer to accomplish their goals in exchange for money to pay my bills. I've "used" (or better, found synergy with) my employer, so that we're simultaneously accomplishing both our goals. In other words, I seek out an employer I can leverage toward a good thing I want to accomplish, and getting paid is a good indicator that we're doing something worthwhile together. I recognize not everyone can do this, and I'm deeply grateful that I could. +4. Cal Newport's [*So Good They Can't Ignore You*](https://www.amazon.com/Good-They-Cant-Ignore-You/dp/1455509124) (along with his companion: [*Deep Work*](https://www.amazon.com/Deep-Work-Focused-Success-Distracted/dp/1455586692/)) resonate with me. Newport's philosophy of building career capital in order to gain career autonomy and meaning really complements my take on the FIRE philosophy, even if it's not a fit for everyone. +5. Writing down a concrete post-FIRE plan (including cash flow, health insurance details, contingency plans for unexpected expenses, how to spend time the first few months) can remove lots of angst about resigning and launching into the unknown. + +Thanks again for this community of support and wisdom. +I've been a grateful lurker here for awhile and applaud your efforts to help one another [design lives](https://designingyour.life/) that are fruitful and satisfying! + +Without knowing it, I've been on a Coast FIRE plan for a few decades. I was single, fairly well paid in Silicon Valley, and living comfortably cheap (renting a room from a friend, modest high-mileage car, international travel as part of my work, volunteering a lot, happy to eat out regularly with friends), giving money away and investing the rest. I inherited a couple of key commitments from my dad: (1) spend less than you make and (2) compound interest is miraculous. (He gave me a little money when I was 16, with the condition I'd meet with his broker and invest it. Thanks tons for the lesson, Dad!) + +My relationship to work seems to be an unusual one. When I was in graduate school, the folks paying my fellowship checked up with me each year to see how I was doing. I thought I needed to prove myself, that I was making sufficient progress toward the degree. But their only question was, "Is there anyone or anything getting in the way of your doing what you think you should be doing?" Since then, at each job, I've worked out a partnership where I'm doing what I think should be done, contributing my gifts as best I can for something that matters and I enjoy. Compensation is a good indicator that other people find it valuable too. + +So at age 34, I was able to negotiate a year off from my tech research job to go back to school. My savings meant a year without salary wasn't a problem. They held my job for me, and even indulged my studying a second year, and then working remotely for a couple of years while my newfound wife finished her education. That eventually grew to three more years of studying toward a second PhD (again with no income, but frugality and savings made it manageable), in a much lower paying field, yielding a 75% pay cut but again doing what I wanted to do. + +Fast forward.... I've been working for a non-profit for eight years. It's pulled together my strange combination of education and skills, with a lower salary than my tech years (about 50%), but a fully livable salary for our family of four in a MCOL city ("spend less than you make"), and the savings of my youth still quietly growing in the background. + +A couple of years ago my work situation changed. New management and new philosophy. I'm less valued and even seen as a threat. I'm no longer involved in the decisions that matter. We butt heads over some of those decisions. I decide this is no longer "doing what I want to be and should be doing." So I resigned, effective next month. + +At first I was scrambling for what my next thing might be. But then I decided to think soberly about our financial situation and lay out a "what if?" scenario if there is no next step that generates compensation. Lo and behold, my set-it-and-forget-it portfolio has done really well, and it looks like I'm at a very comfortable 2.5% withdrawal rate, even with additional health costs and having some fun with the extra time. So I think I just accidentally FIREd at age 54. + +That said, I don't think I'm done. I've got a few friends reaching out to me to draw me into their ventures. The fear side of me makes me want to jump into something new, to not be spending money I'm not actively earning, but the FIRE voice keeps reminding me that I can be selective. I don't want to get into a bad situation just because I'm on the rebound. + +Maybe my story will spark some helpful conversations. A few summary thoughts: + +1. Saving early, if you can do it, yields tons of freedom. +2. FI (including being on a trajectory that is confidently leading to FI) isn't just about quitting working. It leads to the freedom to make unconventional career choices for building a meaningful life. +3. Don't be afraid of an upside down view of work, if it fits your situation: I've not begrudgingly let myself "be used" by my employer to accomplish their goals in exchange for money to pay my bills. I've "used" (or better, found synergy with) my employer, so that we're simultaneously accomplishing both our goals. In other words, I seek out an employer I can leverage toward a good thing I want to accomplish, and getting paid is a good indicator that we're doing something worthwhile together. I recognize not everyone can do this, and I'm deeply grateful that I could. +4. Cal Newport's [*So Good They Can't Ignore You*](https://www.amazon.com/Good-They-Cant-Ignore-You/dp/1455509124) (along with his companion: [*Deep Work*](https://www.amazon.com/Deep-Work-Focused-Success-Distracted/dp/1455586692/)) resonate with me. Newport's philosophy of building career capital in order to gain career autonomy and meaning really complements my take on the FIRE philosophy, even if it's not a fit for everyone. +5. Writing down a concrete post-FIRE plan (including cash flow, health insurance details, contingency plans for unexpected expenses, how to spend time the first few months) can remove lots of angst about resigning and launching into the unknown. + +Thanks again for this community of support and wisdom. +I feel a lot of pressure to set my children up on their own paths to being able to FIRE (chubby or fat). I’m not sure where that pressure is coming from but I think a combination of the way I was raised, a strong sense of competition, inate desire for their security and societal views of success. + +That said, I’m not sure that imparting that drive and perspective of “success” is the healthiest or best thing for my kids. If I think about other measures like impact, purpose, or satisfaction a career in teaching, arts, academia or an NGO may be better suited to these outcomes. While I see it as critical for me to pass on financial fundamentals and good habits; I don’t know that my drive or focus on financial success is healthy/something I want to pass on. + +I’m more chubby than fat so I’m not counting on generational wealth but if my kids genuinely would not have to work I’d probably consider pushing them more towards the arts or a similar field that many do not have the luxury to pursue without a need for commercial success. + +Very curious about what others in this sub want for their kids and how they are (or are not) pushing them. If you are not focused on financial success, how might you be folding this into how you are raising your kids? +I'm on vacation and just got 5 emails from different mortgage lenders that are thanking me for my recent mortgage application. They all use a name that's close to my name... but not quite exact. I checked the senders' addresses for these emails and they all appear to be legitimate. + +I have no idea how this scam could work... and really have no idea why they would use my actual email address if they're really trying to apply for a mortgage using my identity. + +I'm sure I'm trying to get scammed in some way, but I don't understand how I'm getting scammed... which scares me a little bit! + +Has anyone heard of this happening before, or have some idea about this scam's goal? What can I do to stop this potential scam? + +Thanks! +Happy Election Day!! + +This thread is for all your musings, thoughts, thoughts about thoughts or other demented ramblings regarding all things election.. + + +Try and keep it at least readable… + + +Try… + + +(Remember to head to the [meet-up post ](https://www.reddit.com/r/ASX_Bets/comments/us680p/asx_bets_meetup_locations_for_saturday_the_21st/?utm_source=share&utm_medium=ios_app&utm_name=iossmf)for any communications about where to locate your fellow degenerate’s.) +I have had a fair share of my porn when other people post their losses so I cant keep this to myself even though it hurts :( + +I thought I was clever topping up at 0.092 to sell at 0.10. + +I dont even wanna calculate how much I have lost on this...you guys can do the math but I think its around 10k including brokerage + +Please dont be mean I feel broken + +https://preview.redd.it/bn4w63xvkbw91.png?width=917&format=png&auto=webp&s=e9e0379c8b77bfa8336b71a26a5f76e5e77bb5d3 +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! +What are the things you want in your life that make you pursue a life in excess, beyond just basic financial independence? + +—————————————— + +For me my incentives were: + +A high quality and luxurious home in a good and safe neighborhood with all the amenities I want. + +Another home close to my family where I can stay for extended periods of time. + +A vacation home on the water. + +The freedom to go anywhere and pursue all the activities I want. + +Purchase exotic cars. + +Safe car for family. + +Give generous gifts to my family to show my appreciation for them. + +Help my parents when they grow old. + +Take care of my health and eat organic. + +Pursue various hobbies that require a bit of money. + +Comfortable and luxurious vacations and business class flights. + +Purchase art and beautiful unique items. + +Help people in a way that I control. + +Just the sense that I don’t have to worry about running out of money. + +—————————————————————————— + +Things that money can buy that don’t interest me: + +Fancy designer clothes, watches, shoes etc. + +Private planes. + +Oversized mansions that only exist to show off wealth. + +Huge yachts/floating homes. + +Expensive/fine dining. + +Extravagant parties/entertaining. I’m an introvert. + +Country club memberships. + +Other exclusive memberships/communities. + +Private schools for kids. + +——————————————————————————— + +I have reached a level where I have the means to do everything in my list, and while I feel thankful, I am also curious if perhaps I could be inspired by some of the things on your lists. +The title should be "How can you say solving MATH problems magically creates a currency?" +Sorry I would edit that if I could. + + +Please read this all before replying. I normally would just be a troll because I personally feel like cryptocurrency is a very complex, long-running scam. But I'd like to actually have a conversation here. + +What I have the hardest time understanding, is how everybody seems to think these currencies actually have any value. Some guy makes a virtual mining quarry and people solve math problems, then they just have money? + +Please explain to me how this makes any sense at all... + +Then there's all this bad-mouthing fiat currency when you still have to sell your crypto to some other sucker to actually support yourself. Aside from the black markets that accept bitcoin, where else can you spend it aside from selling it to somebody for their *actual* cash? + +I found this small list of businesses that accept Bitcoin. At first I thought, hey this is a decent list. But then I started reading all of the companies. This is what I got from the list. + +You have a couple of big ones like: + +* Overstock - can't find out how to actually make a bitcoin purchase but I didn't try for long + +* GAP, GameStop and JC Penney - No they accept gift cards bought from eGifter. + +* Whole Foods - But not really. Gyft accepts bitcoin where you can buy Whole Foods gift cards... that's a stretch. + +* Subway - seems to actually accept bitcoin but varies from store to store + +* KFC Canada - for a limited time for a single menu item, the bitcoin bucket... + +The rest seems to be dating websites, premium services on websites like Reddit, and porn. Sounds like a truly sustainable life. + +You can't pay bills, can't buy a house, can't buy insurance, etc. + +I'm sorry if I sound condescending. It's just really hard for me to take cryptocurrency seriously. But please don't take this as me just talking down on everybody that's trying it out. + +I would like somebody to hopefully help me better understand how this is still going on and what makes it a sustainable form of income? I'm not an economist or any other smart title. I'm just a confused dude that would like to understand. +I would like you to give me your recommendations, what app do you use, what material do you read or what websites do you review? everything is useful. + +thank you + Welcome to the /r/CryptoMarkets Weekly Discussion thread. The thread guidelines are as follows: + + + +\*\*\* + + + + The thread guidelines are as follows: + + + +\* Discussion topics include, but are not limited to, events of the day, technical analysis, and minor questions. + +\* Breaking news or other important content should be submitted as a separate post. + +\* Cryptocurrency discussion not related to trading should be referred to the r/CryptoCurrency general discussion thread, \[see here\]([https://www.reddit.com/r/CryptoCurrency/comments/62teju/monthly\_general\_discussion\_april\_01\_2017/](https://www.reddit.com/r/CryptoCurrency/comments/62teju/monthly_general_discussion_april_01_2017/)). + +\* Follow the golden rule and be excellent to each other. + + + +\*\*\* + + + + Resources and Tools: + + + +\* Consider joining one of the r/CryptoMarkets chat groups, \[see here\]([https://www.reddit.com/r/CryptoMarkets/wiki/chat](https://www.reddit.com/r/CryptoMarkets/wiki/chat)). + +\* If you are using RES, please click the subscribe button below to be notified when new comments are posted. + +\* To view live streaming comments for this thread, \[click here\]([https://reddit-stream.com/comments/auto](https://reddit-stream.com/comments/auto)). Account permissions are required to post comments through [Reddit-Stream.com](https://Reddit-Stream.com). + + + +\*\*\* + + + + Thank you in advance for your participation. Enjoy! +- DMC interim safety and efficacy review of Mino-Lok® Phase 3 Trial concluded with favorable recommendation to continue the trial as planned, with the protocol-defined sample size and power to achieve the primary endpoint - + + + + + +- Citius to proceed in conducting largest controlled clinical trial to salvage infected catheters with no modifications requested by the DMC and no safety concerns identified - + + + + +https://ir.citiuspharma.com/press-releases/detail/151/citius-pharmaceuticals-inc-announces-positive +Final(ish) installment of the simple lifestage tips using US examples, this assumes you read [ELI18](https://www.reddit.com/r/personalfinance/comments/4tfc76/eli18_personal_finance_tips_for_young_adults_us/), [ELI22](https://www.reddit.com/r/personalfinance/comments/4tlqsd/eli22_personal_finance_tips_for_older_young/), and [ELI30](https://www.reddit.com/r/personalfinance/comments/4uoycd/eli30_personal_finance_tips_for_thirtysomething/). + +About the "ELI40" designation. While you can use this info before or after 40, employment income growth often starts to taper off then. If you have ~$50,000 or more in savings outside of retirement / house savings, put it to work for you. (You can put less to work; it just won't get much done.) Without trying to replicate /r/financialindependence, your options include: + +- [Rewritten for clarity] Let's first make sure your retirement funds are adequate. For example: to sustainably generate a median ~50k today's-dollars household income just from investments in your mid-60's, you'd need $1M+ in retirement assets. If at age 30 you (yourself, or household) have close to $100,000 in tax-advantaged retirement assets (401k, IRA, etc), you are on track for that $1M+. That's a lot for people who might have been in school longer, or had to repay loans. A checkpoint at age 40 is somewhere near $250,000. If you want that income but your savings are considerably lower, consider adjusting your retirement contributions before doing other types of investments. If you have different goals and assumptions, then your checkpoints would be different, and perhaps lower. + +- As you start [investing](https://www.reddit.com/r/personalfinance/wiki/investing) for shorter-term goals, you need to understand types of financial assets, types of income, and how they are taxed. Government and corporate [bonds](http://money.cnn.com/pf/money-essentials-bonds/) are loans that pay you interest and eventually return your principal, much like bank accounts or CDs. Equities aka [stocks](http://money.cnn.com/pf/money-essentials-stocks/) give you an ownership share in a private company, providing current income from [dividends](http://money.cnn.com/retirement/guide/investing_stocks.moneymag/index3.htm) as well as potential price appreciation. Each has its advantages. + +- Stocks and bonds pay current income, and have a resale value based on how the company is perceived for stocks, and what interest rates are doing for bonds; bonds lose value when interest rates rise. Stock prices changes up or down of 10% in a week and 50% in a year are common. Bonds are more stable; less than 10%/year is more typical. Stocks are usually valued more for their future price growth, called [capital gains](http://www.dummies.com/how-to/content/how-capital-gains-are-taxed.html), whereas bonds are valued for their income and stability. Stocks historically provide better overall returns than bonds, at higher risk. Not everybody is happy seeing the value of their stocks go down 20% for a while, but it's part of the deal. + +- You buy and sell shares of stock from people who want to do the opposite transaction. Who's right? Statistically, most people are [bad](http://www.marketwatch.com/story/individual-investors-are-destroying-their-wealth-2012-10-19) at buying and selling stocks. [Professional investors](http://www.marketwatch.com/story/almost-no-one-can-beat-the-market-2013-10-25) are not any better than average, either. Can you win trading stocks? Sure. You could be smart, or you could be lucky. But you probably won't be both over an extended period of time. If you want to try your luck, do it with a small percentage (~5%) of your investments. + +- We reduce our risk of being wrong by investing in [mutual funds](https://www.fidelity.com/learning-center/investment-products/mutual-funds/what-are-mutual-funds). We pay a fee to own shares of a fund that gains or loses value based on the stocks it owns. (There are also bond funds.) The funds that statistically offer the best gains at the lowest risk with the lowest cost are know as [index funds](http://www.marketwatch.com/story/4-things-you-might-not-know-about-index-funds-2015-08-26); these blindly invest in all shares meeting a given criteria, not trying to pick only "undervalued" stocks. It sounds crazy, but it works better than other alternatives, with [lower fees](http://www.schwab.com/public/schwab/investing/pricing_services/understanding_fees/portfolio_management), making [John Oliver ](https://www.youtube.com/watch?v=gvZSpET11ZY) happy. Lower fees always helps you. Investing in a few different index funds provides potential gains at lower risk of steep price drops. You create a [portfolio](http://www.investopedia.com/terms/p/portfolio.asp) of investments; the selection of investment types is determined by your [asset allocation](http://money.cnn.com/pf/money-essentials-asset-allocation/). The so-called [three-fund portfolio](https://www.bogleheads.org/wiki/Three-fund_portfolio) uses index funds of US stocks, international stocks, and bonds to provide high expected growth and lowest [volatility](https://en.wikipedia.org/wiki/Volatility_(finance)). The target date fund we introduced in ELI22 uses more stocks when you are younger to get better long-term growth, moving to bonds as you near retirement age to protect against large losses. + +- To invest this way, you open an account with Vanguard, Fidelity or Schwab as you would with an IRA, but you designate it as a taxable account. You give them money to invest it in your choice of index funds. There's no limit to this; you can invest hundreds of thousands of dollars this way. You don't try to [time the market](http://www.marketwatch.com/story/why-market-timing-doesnt-work-2013-10-23) by selling out based on market changes, because you are probably wrong about that. Your account will pay you dividends on a monthly, quarterly or annual basis, which will be reported as taxable income at a favorable tax rate. When you do decide you want the money for some other reason, you will sell some of your funds, and pay capital gains tax on the difference between what you paid for the fund and what you sell it for. This is also at favorable tax rates. + +And that's the basics of how to invest your spare cash in the stock market, where you can expect to make up to ~30% or lose up to ~15% of your money in any given year; the long-term average is usually about 6% after inflation, but it can take a decade to realize that average. There are many, many more aspects to consider, including how to save taxes with [capital losses](http://www.bankrate.com/finance/taxes/capital-losses-can-help-cut-your-tax-bill.aspx), how to be [tax-efficient](http://www.schwab.com/public/schwab/nn/articles/The-Importance-of-Tax-Efficient-Investing), and when to use [Exchange-Traded Funds](https://investor.vanguard.com/etf/). But you know enough to be make money (and be dangerous...) now. + +Financial assets are not the only thing you can invest in. Let's do a brief overview of the most popular alternative investment, that being real estate held for rental or resale. + +- Real estate provides current income as well as price appreciation (or loss) potential. Unlike financial investments, real estate has significant ongoing management and maintenance cost and effort, with some favorable tax treatment and [leverage](http://www.investopedia.com/articles/investing/073113/leverage-what-it-and-how-it-works.asp) potential to counterbalance that. + +- You invest in real estate by buying something that someone wants to sell. The hope is you choose wisely. You look for a property with either good rental income potential, or good resale potential. (Possibly both.) Note that this may not be the same as a house you might want to live in; it could be a cheaper multifamily building, for example. You provide a down payment and take out a loan as with a residential property, though your [financing](https://www.biggerpockets.com/real-estate-investing/financing) won't usually be as favorable in terms of down payment, credit and rates. You'll be responsible for the mortgage, taxes, insurance and repairs while you own it. Now for rental, you find renters who will pay you to live there on an ongoing basis, or for resale, you improve the property to make it more valuable for a quick profit on subsequent sale. + +- If you rent the property, you are a landlord, congratulations! There are many [legal responsibilities](https://www.legalzoom.com/articles/real-estate-series-part-ii-what-is-a-landlord-responsible-for) of being a landlord, in terms of how you decide who to rent to, how you handle maintenance, and what you can do regarding evictions. Many investors use a [property management](http://www.nolo.com/legal-encyclopedia/landlord-hire-property-management-company-29885.html) company to handle details of finding renters and managing the property, at a fee of perhaps 10% of rent. You will also have to pay for repairs (sometimes immediately), maintenance and your ongoing financing. Your rental income is taxable to you as Schedule E income, but you can deduct almost all of your costs, including interest, taxes, maintenance, management fees, etc. You also deduct [depreciation](http://www.investopedia.com/articles/investing/060815/how-rental-property-depreciation-works.asp), which means the tax code thinks your building is losing value, although you hope it is not. + +- When you resell the property, you hope that it has increased in price; you take this as [capital gains](http://homeguides.sfgate.com/capital-gains-rules-investment-property-1966.html) if you own the property for more than a year, or as business income if you are [flipping houses](http://www.bankrate.com/finance/money-guides/tax-consequences-of-flipping-real-estate-1.aspx). If you kept your down payment small and your rent covered your ongoing costs, it's possible to leverage a small down payment into a good ongoing return at low tax rate. You may even use your returns to invest in more rental property. The downside of real estate investment centers around the [tenants](http://www.moneycrashers.com/deal-with-bad-tenants/); they can miss payments, damage the property, or have to be evicted, which reduces your rate of return. + +- Note that it is possible to rent just a subset of a building; this is how you handle [renting out rooms](http://money.usnews.com/money/personal-finance/articles/2015/04/09/7-things-to-remember-before-renting-out-a-room) in your residence, for example. Many of the same income, tax and landlord consideration come into play. You take a deduction on the [expenses](http://www.nolo.com/legal-encyclopedia/tax-issues-when-renting-out-room-your-house.html) of the portion of the house you rent out. + +So, there we have a couple of alternatives for you to invest your hard-earned money. You could also [start your own business](https://www.sba.gov/starting-business/how-start-business/10-steps-starting-business), invest in [collectibles](https://www.thestreet.com/story/13269749/1/7-collectibles-that-arent-completely-worthless.html), make [peer-to-peer loans](http://www.marketwatch.com/story/why-income-investors-should-consider-peer-to-peer-lending-2015-12-29); lots of possibilities for self-study! Let's cover a few other topics that I seem to have promised along the way, or that seem like a good thing to cover in this issue: + +- [Selling your primary residence](http://www.investopedia.com/articles/mortgages-real-estate/08/home-seller-mistakes-selling-house.asp) is a complicated process, either taking your time and money, or the costs of real estate broker, who might then claim 5%+ of your sale price. You want to price the property correctly, negotiate the sales contract carefully, and figure out where you will go after the sale. You might even be making an offer on a new house [contingent on the sale](http://www.investopedia.com/articles/personal-finance/111513/home-sale-contingencies-what-buyers-and-sellers-need-know.asp) of the old one. The good news is that any gains on the sale of a primary residence are [free of capital gains taxes](https://turbotax.intuit.com/tax-tools/tax-tips/Home-Ownership/Tax-Aspects-of-Home-Ownership--Selling-a-Home/INF12035.html) up to $250,000 (or $500,00 for a couple). You could instead hold onto your old house and rent it for investment purposes, which means you lose that tax break. Since you probably didn't buy your house thinking it was an attractive [rental property](http://www.moneyunder30.com/why-your-house-is-not-an-investment), it may be too expensive to make this a good use of your money, though; your mortgage may also not allow you to do this legally. + +- Investing for college is another complicated topic. State-run [529 plans](http://www.savingforcollege.com/intro_to_529s/what-is-a-529-plan.php) allow college savings to accumulate tax-free as with an IRA, but with no a priori limit on contributions, so you can invest in these at any time. You can only use 529 plan balances to pay for higher education, so if your child/children don't go to college or don't need all the money because they chose a low-cost school, then you'll owe taxes and be penalized at 10% of any gains not used for education. 529 plans may provide breaks on state income taxes. There are various ways to optimize how 529 plans are treated in terms of FAFSA/ financial aid; for example, if a [grandparent](http://www.savingforcollege.com/grandparents/) establishes a 529 plan, then this is not counted as parental assets. 529's are not your only option; you could invest generically, perhaps using a [Roth IRA to pay for college expenses](http://www.marketwatch.com/story/3-reasons-to-use-a-roth-ira-to-save-for-college-2015-03-25) without paying taxes or penalties. + +Speaking of helping / being helped by family members, here are some general tips to be aware of regarding family transactions: + +- There is almost never any "[gift tax](http://www.nolo.com/legal-encyclopedia/the-federal-gift-tax.html)" on any transaction, either to giver or recipient, whether or not they exceed $14K annually. You just need to do more paperwork as the giver of over $14k gifts, and it may reduce your eventual $5M estate tax exemption. So, for most people, not an issue. Give freely, and receive without anxiety. + +- Inheritances have some [unique tax treatment](http://www.alllaw.com/articles/nolo/wills-trusts/must-pay-income-tax-inherited-money.html). You don't owe any federal taxes on inheritances of money or property. Free money...unless you are in one of the six states with an inheritance tax, but even then, you probably aren't affected. (Along with gifts, these are separate property even if the recipient is married.) If you receive a house or stock, the basis of the investment is the fair market value of the property at the time of death, which means you can sell these without owing taxes. If you [inherit a retirement plan](https://www.fidelity.com/retirement-ira/inherited-ira/learn-about-your-choices) like an IRA, then you will be taxed on distributions, though. + +- Sometimes we advise younger people to get a co-signer for apartments, cars and student loans. This is good for the person who you are co-signing for. For you? Not so much. Co-signing is actually a [huge risk](http://www.bankrate.com/finance/debt/reasons-not-to-co-sign-loan.aspx). You could be on the hook for $100,000 of student loans if your ungrateful child decides they don't want to repay them. Not fun. You should never co-sign for any amount that you wouldn't be comfortable gifting instead. + +This concludes the planned series; I hope you have enjoyed it. If there is enough demand for other topics, either more advanced ones (estate planning, establishing a corporation, "stupid tax tricks" like mega-back-door IRAs), or ways to deal with adversity (collections, defaults, bankruptcy, divorce, etc), let me know and maybe we can put something together. Thanks for your reading and comments, and best of luck to you! +Good Morning and Welcome to a New Year! + +There is still some digging going on but it would appear that several institutions, mainly prime lenders (JPM, Citigroup, Credit Suisse, etc...), have been pulling there net short and or hedged positions on GME, in favor of long and or net long positions. + +[thanks to nutsaculon](https://preview.redd.it/wb27sthwdh981.png?width=802&format=png&auto=webp&s=92552f4259f61cbcc1d5445fc02ef2c18f213561) + +This is extremely bullish, and likely a follow up to JPM signal I discussed in [my most recent DD](https://www.reddit.com/r/Superstonk/comments/rpfabx/are_we_there_yet_moass_bingo/). Seeing Prime Lenders shed put positions across the board, while picking up more shares/calls is definitely the kind of institutional move we want to see. + +Also the work on ETF flow ---> FTDs is coming along nicely, and it looks like we will have the same FTD overlap that we had last January. Remember they can start covering these early, while they usually wait till the final due date, they can actually cover at anytime during the 35 calendar day window. There will be more on this later but the correlation is looking strong. + +[These FTDs are in addition to any FTDs on GME's stock and FTDs from the failure to roll forward futures contracts \(these FTD due dates can be seen in the vertical bars at the top\)](https://preview.redd.it/dsf7oblcah981.png?width=2459&format=png&auto=webp&s=a626ebdda70cf35b717f3d66237cc36c61d782a5) + +Lastly XRT begins the threshold process this Thursday. T+13 from December 17th when it was first placed on the RegSHO Threshold list. + +[ ](https://preview.redd.it/00nwb44hbh981.png?width=1538&format=png&auto=webp&s=7edf51937fa2f88b27d53598e8c2bc6e044f9da3) + +**You are welcome to check my profile for links to my previous DD, and YouTube Livestream.** + +Historical Resistance/Support: + +116.5, 125.5, 132.5, 141, 145, 147.5, 150, 152.5, 157 (ATM offering), 158.5, 162.5, 163, 165.5, 172.5, 174, 176.5, 180, 182.5, 184, 187.5, 190, 192.5, 195, 196.5, 197.5, 200, 209, 211.5, 214.5, 218, 225.20 (ATM offering) 227.5, 232.5, 235, 242.5, 250, 255, 262.5, 275, 280, 285, 300, 302.50, 310, 317.50, 325, 332.5, 340, 350, 400, 483, moon base... + +# End of Day + +Closing 3% up for today but still below max-pain. We saw some pretty good volatility from the FTDs as these increase in quantity over the coming weeks we should see more and more buy pressure especially during the periods where they begin to overlap. Thank you all for tuning in today, see you tomorrow. + +\- Gherkinit + +https://preview.redd.it/nty13s2bfj981.png?width=746&format=png&auto=webp&s=2465ff11e86bcc74bd5aab23ee752ede3d574762 + +Edit 5 2:03 + +All my favorite stocks have natural 5-minute halts + +https://preview.redd.it/hn5bnz1mti981.png?width=369&format=png&auto=webp&s=f5bc58c53d0f1fece983a3c84a477f559e9df0f7 + +Edit 4 1:17 + +Volume and buy pressure have dropped off pretty significantly, I would say that they are done covering the FTDs that were due today as this drop off has occurred across the entire basket. But we are finding some stability around 154 for now. + +https://preview.redd.it/0ir2vz3lli981.png?width=1534&format=png&auto=webp&s=19f050f604531b24daa0b0081464f0281401238e + +Edit 3 11:12 + +Double top, two fails of the 160 resistance + +https://preview.redd.it/q6gm7ov4zh981.png?width=1531&format=png&auto=webp&s=e75f4194095a9115c1c77a88cb2dc3d35bd1878c + +Edit 2 10:45 + +Just up...nice and slow but solid pressure across the whole basket, currently no put walls erected and the wall at 155 was sold off. + +https://preview.redd.it/a40709tjuh981.png?width=1533&format=png&auto=webp&s=02a89a59dfd2b8edf75218e9851b069bd1d36e04 + +Edit 1 10:00 + +At little volatile this morning but so is the overall market. Breaking out now to the upside and heading towards max pain. I forgot to include this earlier but don't forget that we have MM FTDs due today as well from Nov.26 + +[net short](https://preview.redd.it/4eiv6tpomh981.png?width=208&format=png&auto=webp&s=6bbdf968f2c09438a11e40f0653b21b1b6a6b2f0) + +&#x200B; + +https://preview.redd.it/xl8753nqmh981.png?width=1536&format=png&auto=webp&s=7389b4dc063487983347a2dac546478832689cd9 + +# Pre-Market Analysis + +Nice morning run with some higher than usual pre-market volume, + +Volume - 22.56k + +Max-pain - 155 + +Shares to Borrow : + +IBKR - 250,000 @ 0.8% + +Fidelity - 440,996 @ 0.75% + +[GME up 1&#37; in the premarket](https://preview.redd.it/1t13zc10dh981.png?width=1535&format=png&auto=webp&s=f034f9e4c8e905612f340584e6e2b550afa55db7) + +CV\_VWAP + +https://preview.redd.it/0crijhvidh981.png?width=2455&format=png&auto=webp&s=61719608489e20e62f0b9ffc3970ff12c41bb268 + +**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.* +I've wanted to write this post for a while just to contribute to the positive sentiment going on here before we enter the MOASS. I've been in this since January, and have been following this obsessively ever since. + +I have a B.A. in Journalism which I’ve done fuck all with, partly due to the 2008 financial crisis, but also due to a disillusionment with where journalism was going in general, at least from what I saw. + +I write this because one thing that I saw pushed during my time “learning” journalism was citizen journalism. Getting readers and general citizens to contribute to articles and news as it would diversify the expertise of those writing, get different perspectives, and also (probably more importantly) be a cheap and easy way to get content. I managed the citizen journalism section of one newspaper back in 2009, and, for all the lofty and grandiose visions of what it could be, it fell drastically short. + +What you apes are doing though, this is what citizen journalism is. Everyday people coming from all walks of life around an issue that we care about and that affects all of us. The DD that I’ve read here surpasses anything I’ve read in the MSM, and the community and support we’ve given each other. I don’t know what will happen after this moons and we make our tendies. But right now, we are united and making history in a way that has never been done before. + +HODL and I’ll see you on the other side. +Hi all, sorry if this isn't the right place to post this. + +My friend is in process of finalising her first house purchase and since I'm not familiar with the UK, I figured I'd ask if my initial opinions on this are in line with those of some internet strangers! + +The house she is buying just had the survey done and there's 10-15k worth of damp that needs to be corrected. She has gone back to ask for a reduction but the EA is being very aggressive about it. + +The sellers also recently updated the back windows with double glazing - the property is a listed property and they informed her it's ok because only the front/facade is listed. She's come to find out the entire property is listed (front and back etc). This creates a major grey area in terms of what updates have been legally done to the house. There have likely been other updates done to the property over the years. + +My opinion is that this is all too risky and the potential costs/legal issues are too much for a single FTB to deal with. + +Has anyone experience with the potential costs/risks associated with investing in this type of property? Are these common issues for home buyers in the UK? +I saw a post here yesterday about a rebate retraction and remembered that I'd received a similar letter from Navient a few months ago, so I decided to look into it. + +The language was slightly different for mine, rather than a rebate I had been offered a 1.5% reduction to my principal for making 12 monthly payments on time, but the gist was very similar. + +Now, when I'd initially received the letter, I assumed it was correct. There was a period of 3-4 months several years ago where I'd allowed my loans to become delinquent due to a serious financial problem and a shame/reluctance to call my creditors and explain or ask about my options. That was a huge mistake, but it isn't the point of this post. + +After reading about several people receiving these notices in error, I decided to check into things a little more. For starters, I thought, my initial few years of loan repayment had always been exemplary. My payments had been on time and in full, and surely I'd managed that for at least a year before my financial troubles started. + +I didn't have ready access to all of the documentation I'd need, so I thought I might save a few steps by calling Navient first. It seemed to me that if the retraction of benefits was correct, they would have dates and everything that would allow me to narrow down my search. + +Getting in touch with someone at Navient wasn't easy. I quickly discovered that mentioning the letter (various forms of the phrase "retraction of benefits" had me immediately shunted to a dead end phone menu) wasn't the smartest course of action. Then I tried playing dumb and, after several warnings that hold time currently exceeded 30 minutes, was connected to an operator. (Pretty damn annoying to be honest, wait time was less than five seconds after at least three messages warned me and tried to get me to hang up and call back. ) + +Anyway, I eventually connected to an operator and said "I don't understand this letter your company sent me back in August. Can you help me understand what's happening?" I was being cautious because that letter seemed to be a hot button issue with Navient that instantly shut down people's helpfulness. Phrasing it this way allowed me to get her talking, though her tone left much to be desired. Without being terribly helpful, she managed to inform me that A) Not paying your bills on time has consequences, and B) I should understand exactly why I'd received the letter. + +This is where I dropped the big unanswered question on her. "This loan has been handled by 3 different companies over the last 11 years. Why am I just being notified about a loss of benefits now?" + +That stumped her pretty quickly and her attitude definitely softened. She placed me on a brief hold before returning to inform me that her records showed several missed payments *to Navient* between 2005 and 2006. Her best guess was that I'd simply fallen through the cracks up to this point. + +That raised several red flags for me. A) Navient was founded in 2014. They weren't around when my loan was initiated. B)The initial loan disbursement was on 09/22/2005 and I remained enrolled until February of 2007. Therefore, I wasn't due on any payments until well after the dates she'd quoted to me. C) As I mentioned above, I have been transferred through 3 different companies over the years. My loan was originally handled by Direct Loans, so how had I missed payments *to Navient*? + +I asked all of these questions in pretty quick succession, pretty much as fast as they occurred to me to be honest, and was placed on a much longer hold so she could consult with a supervisor. + +While she had me waiting, I reviewed the statements I'd received from Navient in July and September of 2016. Since the retraction of benefits arrived in August, this seemed to be the best way of determining how big their error was. The answer is much bigger than I ever would have dreamed before reading the other posts here on /r/personalfinance + +In short, not only had Navient mistakenly withdrawn the 1.5% reduction to my principal on the loan in question, they'd withdrawn it across all of my student loans. Worse, they had retroactively applied interest going all the way back to 2005. This is a HUGE amount of error and the substantial amount of money it's going to save me is why I'm pointing this out to anyone who deals with Navient. + +First of all, I have a mix of subsidized and unsubsidized loans. If I understand the system correctly (and it's entirely possible that I don't) the subsidized loans shouldn't have started accruing interest until mid-2007 or so. Worse, one of the loans I'm paying back wasn't even started until 2011. They applied interest for more than 5 years before the loan even existed. + +All told, I saved $1,100 to my current principal and at least that much again in future interest charges on two loans that should have been unaffected. + +I had to dig through my credit report and some scanned documents I keep online to find enough proof to convince the lady at Navient, but they've now admitted "a strong likelihood of error" and forwarded my issue on to an accounting department who can determine just how badly the mistake has screwed up my accounts. + +I've got a friend who used to work as a forensic accountant, so I think I may just pay him to sort out what I actually owe and see how closely our numbers match when all is said and done. The only downside so far is that Navient claims they won't be able to process a final resolution until mid-March. + +**TL;DR: Initially disregarded a retraction of benefits from Navient, then I saw a post here on pf about people receiving them in error. Checked into mine and found enough mistakes to reduce my loan balance by 30-40%** +British fund manager Ruffer Investment Management has shifted around $675 million of its clients’ fortunes into bitcoin, an investor memo seen by Reuters showed, in one of the largest signals of rising institutional interest in the digital currency this year. + +The firm, which manages 20.3 billion pounds ($27.3 billion) in assets on behalf of more than 6,500 investors globally, described the allocation as “a small but potent insurance policy against the continuing devaluation of the world’s major currencies”, the memo said. + +The allocation represents around 2.5% of its total assets, the memo said. Ruffer referred Reuters requests for comment to its media relations agency, which did not immediately respond to enquiries. + + + “Bitcoin diversifies the company’s (much larger) investments in gold and inflation-linked bonds, and acts as a hedge to some of the monetary and markets risks we see,” Ruffer said in the memo. + +[https://de.reuters.com/article/ruffer-cryptocurrency/uk-fund-firm-ruffer-piles-675-million-into-bitcoin-in-defensive-move-memo-idUKKBN28Q1M7](https://de.reuters.com/article/ruffer-cryptocurrency/uk-fund-firm-ruffer-piles-675-million-into-bitcoin-in-defensive-move-memo-idUKKBN28Q1M7) +I'm going to post this again and again each week. +This 10 million floor sentiment is nice but we all really have to wrap our heads around this. + +If you hodl this really does have the ability to get into the billions. + +UNLIMITED LOSSES- THEY KNEW THIS AND WHY THEY CONTINUE TO FIGHT TOOTH AND NAIL. + +THEIR EXPOSURE IS UNLIMITED. +I know this sounds ridiculous but you all need to wrap your heads around that. +[Article](https://www.nytimes.com/interactive/2019/10/03/your-money/middle-class-income.html) + +This NYT article seems aimed at showing the range of middle class incomes and how seemingly minor things can make a normal life feel impossible. I pulled in all the numbers from the article (some were combined so comparisons could be made between families). A few things jump out quickly. In terms of expenses: + + * ~~Savings rates are painfully low (0-30%)~~. **SEE EDIT BELOW** + * Rent is 15-35% of take-home pay for all families; you might get paid more in a big city, but home costs reflect that + * Financing more car(s) than you can afford can ruin you. F1 and F2 spent 12% and 17% on transportation alone! + * It is critical to understand that DEBT IS AN EMERGENCY. F3 has 768 in left over cash, but has a 340 cc debt payment + * Kids are insanely expensive until they are in public school. F2, F3 and F4 spent 25%, 33% and 18% of their takehome on kids + * Your cellphone bill barely matters + * Only F4 is saving for retirement seriously + * Few are taking full advantage of the tax benefits available to them (FSA, Dependent Care FSA, Retirement Savings). F2 could fully cover their student loans with the tax savings from a Dependent Care FSA. + +None of this is particularly surprising, especially in an article designed to make a point, but it seems like each family has a major thing they can fix: + + * F1: Debt consolidation and pay off that CC debt ASAP. That, and they need to get on some kind of health insurance ASAP, since that is a ticking time bomb. + * F2: Change their car situation drastically. $1000/month on vehicles is insane. + * F3: 2800 for childcare for 1 kid, Holy shit. They can save a bit on this through Dependent Care FSA (pre-tax childcare savings) or other [CA state incentives](https://www.ftb.ca.gov/file/personal/credits/child-and-dependent-care-expenses-credit.html). + * F4: They are doing well but could definitely crank up savings and their use of tax-advantaged accounts. + +Monthly Totals | Family 1 | Family 2 | Family 3 | Family 4 +--- | --- | --- | --- | ---- +Ages | 27, 28, 4, 2 | 30, 33, 3, 2 | 35, 34, <1 | 38, 38, 6, 9 +Location | Sheboygan, WI | Layton, UT | San Francisco, CA | Iowa City, IA +**Income** | - | - | - | - +Takehome | 4000 | 5600 | 9675 | 8500 +Pretax (Health Ins, Retirement) | - | 240 | 930 | 390 +**Expenses** | - | - | - | - +Rent | 600 | 1545 | 3535 | 2060 +Tuition For Kids | - | 1220 | - | - +Childcare | - | - | 2800 | 360 +College Savings | - | - | - | 200 +Food | 800 | 843 | 850 | 700 +Student Loans | 550 | 340 | - | - +Transportation | 482 | 1000 | 210 | 125 +Credit Card Debt | 340 | - | - | - +Utilities | 212 | 167 | 100 | 178 +Cellphone | 100 | 65 | 55 | 12 +Gym | 63 | - | 300 | - +Entertainment | - | 28 | 500 | - +Travel | - | - | 225 | - +Misc | - | 320 | 75 | 2000 +Children's Expenses | 60 | 187 | 400 | - +Life Insurance | - | 50 | - | - +Other Insurance | - | - | 28 | - +Charitable Donations | - | - | - | 400 +Health Costs | 0 | 313 | 547 | 390 +Savings | 25 | - | - | - +Retirement Savings | - | - | 975 | 1000 +**Net Expenses** | **3207** | **6078** | **9625** | **6425** +Remaining | 768 | -238 | 5 | 1465 +**Savings Rates** | - | - | - | - +Total | 19.8% | -4.1% | 9.2% | 36.7% +"Intentional" | 0.6% | 0.0% | 9.2% | 20.2% + + +**EDIT: Since people are complaining about me being too harsh with my language around savings rate, I added a couple more rows.** + +SR is total savings rate (Retirement, savings, F4 extra mortgage and "remaining") divided by total income (takehome, pretax costs). Intentional SR is the same but without the "remaining" amount; I assume that that flex in their budget isn't well-organized. The intentional SR for F1, F2, F3 is <10% which I think is painfully low. F4 is saving 20% intentionally but I think they can do better. The point of this was not to cast judgment on these people but more to highlight how little people value savings as an end unto itself. If this sub has taught me anything, it's that you need to protect what you have when you have it, because another recession could be just around the corner. As Yeezy said, "Money isn't everything, not having it is." +Last month, [JEDEC published the official standards for DDR5](https://www.forbes.com/sites/marcochiappetta/2020/07/17/next-generation-ddr5-memory-specification-for-high-performance-systems-published-by-jedec/#409a63cc525f), which are the standards for which all next gen DRAM will follow for PC/Servers (note: laptop/mobile devices use a different standard and I don't think corsair has anything to do with that industry). DDR5 offers double the speed and less power consumption than the current standards, DDR4. + +It currently looks like intel will start offering support for DDR5 in the middle of 2021 and AMD will follow in 2022. At that point, we can expect to see a mass wave of upgrades among high performance PC and server users, and Corsair is a big player in that industry. + +We don't know anything about the IPO details yet, other than they're looking to raise $100M. That said, with a reasonable valuation this could be a good option to jump on if you're looking for a 3-5 year hold. +&#x200B; + +https://preview.redd.it/xya25adl12k61.png?width=2801&format=png&auto=webp&s=cd38d15d50baf3f67144c20916bbffc469632009 + +Hello again my fellow apes🦍! + +BOILERPLATE: I still know nothing, I can't do math good. PLEASE don't listen to me! Obligatory 🚀 + +WARNING: BY THE END OF THIS POST YOU MAY EXPERIENCE SYMPTOMS SUCH AS EUPHORIA OR PREMATURE 🚀 SYNDROME. THESE ARE SIDE EFFECTS OF 'CONFIRMATION BIAS'. TALK TO YOUR DOCTOR TO LEARN MORE. + +[Yesterday I put together this analysis and everyone really liked it](https://www.reddit.com/r/wallstreetbets/comments/lsn7ke/finra_data_now_shows_over_58_million_gme_stocks/?utm_source=share&utm_medium=web2x&context=3), so I have updated to include today’s data and some new data sources (availability and fees for shorts). Enjoy this *light* weekend reading 😉 + +\------------ + +**Part 1: FINRA** + +I put together the FINRA daily short data for the last week and you can see an increase in short volume over the last 6 days! [http://regsho.FINRA.org/regsho-Index.html](http://regsho.finra.org/regsho-Index.html) (@CultureCrypto sent me this link that had the data in a much more friendly fashion [https://www.FINRA.org/FINRA-data/short-sale-volume-daily](https://www.finra.org/finra-data/short-sale-volume-daily)) + +(Note: if you want to find this raw data, use the link above and you will need to go into each day's file (updated at 6pm daily) and search for GME, then copy the raw numbers. the top of the document will show you what each number corresponds to - this is not a user-friendly document) + +There was an additional **22 million** in short volume today, on top of the **33m yesterday and 12m Wednesday**. While this is a decrease in absolute shorts from yesterday, volume also decreased proportionally so it is still identical short volume to total volume ratio. + +The short volume as % of total daily volume, as published by FINRA, is at **57**% which is the same levels that we saw on Jan 27-29 when there was a concerted effort to bring down the share price. + +**CAVEATS:** + +* This data does not include NYSE, which is why total volume for today is 38M but actual total vol is 90 million. Thanks to u/tri_fire_engineer for bringing this up. He has posted the full data for yesterday down in the comments and it actually showed that **once NYSE data was included, Short Volume % went up from 56.8% to 57.6%. I think this shows that while the FINRA data is just a sample, its large enough to be considered representative of the full marke**t +* **daily data does NOT equate to % of total shares that are shorted,** as the same share could be shorted multiple time and there are other thing that lenders do which could be considered 'shorting' but is not what we would usually define. The best data is the monthly FINRA data but that only comes out once a month and that doesn't sound very fun. + +Here are my data tables, again all taken from the FINRA daily data. + +**Assumptions used:** + +GME Float Stock: 54,490,000 (this is more pessimistic than some reports of only 45M) + +GME Total Shares: 69,750,000 + +https://preview.redd.it/2lpie1wm12k61.png?width=807&format=png&auto=webp&s=450f545a8b2e00b3876d9efc406fba5032fa8a74 + +https://preview.redd.it/3jkeam6o12k61.png?width=807&format=png&auto=webp&s=a31ac92005edf92bc4ff3180840c376322d3f571 + +The FINRA site also now lists GME short % of float at **60.35%** ( [http://finra-markets.morningstar.com/MarketData/EquityOptions/detail.jsp?query=14%3A0P000002CH&sdkVersion=2.58.0](http://finra-markets.morningstar.com/MarketData/EquityOptions/detail.jsp?query=14%3A0P000002CH&sdkVersion=2.58.0) ) Thanks to u/wrek for sending this! + +https://preview.redd.it/jvvu6wat12k61.png?width=449&format=png&auto=webp&s=75eb1ee3899e6bead49611fd2fb68ad380ba4030 + +\---------- + +**Part 2: Borrowing Shares** + +Two other things to note are the decrease in available shorted shares and the increase in fees associated with shorting GME. + +The data available through iborrowdesk.com ([https://iborrowdesk.com/report/GME](https://iborrowdesk.com/report/GME) ). For those wondering about the site, check out the about page; the site uses text files from Interactive Broker’s FTP site ([https://iborrowdesk.com/about](https://iborrowdesk.com/about) ). + +Note: This data does not take into account all available shorts since it is just looking at Interactive Broker, but is a good gauge for how easy it is to get shorts and how much they cost. + +https://preview.redd.it/roplc5ly12k61.png?width=1198&format=png&auto=webp&s=f6a592938458cf6436e64ef2655b0bf193bfc6e9 + +Here we can see that the number of shares available for short selling has gone from **2 million (at 1.1% borrow rate) to only 450,000 at 9% borrow rate**! The last time there were less than 500,000 shares available to borrow and interest rates above 5% (as seen through this site) was on **Jan 27** when we saw some huge intraday price swings. + +\---------- + +**Part 3: ETFs** + +This data of course doesn't take into account the shorted shares in ETFs that have high stakes in GME. For example, 'EX AR TEE' is currently 175% shorted (16.1m shares on 9.2m) and GME as 9% of its portfolio. + +[https://www.etfchannel.com/symbol/xrt/](https://www.etfchannel.com/symbol/xrt/) + +Doing some quick math of \~$73M of GME at $117 = 620k shares of GME x 185% short position = \~1.1m GME shares shorted. + +https://preview.redd.it/449mbia022k61.png?width=624&format=png&auto=webp&s=945faea5d149afac977bcc480592b3bdbf4d5274 + +[https://www.etfchannel.com/article/202102/xrt-gme-mgni-ostk-large-outflows-detected-at-etf-xrt-gme-mgni-ostk-XRT02192021.htm/](https://www.etfchannel.com/article/202102/xrt-gme-mgni-ostk-large-outflows-detected-at-etf-xrt-gme-mgni-ostk-XRT02192021.htm/) + +They have even published an article singling out this ETF because there is a huge outflow of shares being dissolved (ie shorted). + +>“…we have detected an approximate $85.8 million dollar outflow -- that's a 12.0% decrease week over week (from 9,200,000 to 8,100,000).” + +If these numbers are true, then it is shorted closer to 199%! (16.1m shorts / 8.1m shares). + +NOTE: you cannot squeeze an ETF as it is just a collection of shares, the fund can increase and decrease the total number of shares it owns as the size of the fund grows / shrinks. this is why the article above was talking about an outflow of money from the ETF + +\---------- + +**TLDR:** + +THEY ARE DOING EVERYTHING THEY CAN TO STOP THIS ROCKET JUST LIKE LAST TIME, BUT **💎🙌** 💎 will prevail!!! + +**Stake:** shares in GME **🚀** **🚀** **🚀** + +**PS:** you guys! I’m truly honored by how popular you’ve made my posts! You are the best online anonymous friends an 🦍 could ever want! I’ll continue to post updates on this data next week :) + +\---------- + +Shoutouts to [u/RicFlairsCape](https://www.reddit.com/u/RicFlairsCape/) [u/Rrrrandle](https://www.reddit.com/u/Rrrrandle/) [u/CultureCrypto](https://www.reddit.com/u/CultureCrypto/) for some good suggestions on the last post, which I have incorporated. + +\---------- + +For those interested, here is some more info from FINRA about this data: + +"The Daily Short Sale Volume Files provide aggregated volume by security for all short sale trades executed and reported to a TRF, the ADF, or the ORF during normal market hours for public dissemination purposes (i.e., media-reported trades). There are individual files for the volume associated with trades reported to each TRF (FINRA/Nasdaq Chicago, FINRA/Nasdaq Carteret, FINRA/NYSE), the ADF, and the ORF. There is also a file entitled "Consolidated TRF/ADF Daily Short Sale Volume Files," which combines the volume for trades in exchange-listed securities reported to the TRFs and the ADF." + +&#x200B; + +https://preview.redd.it/xw8lu1l122k61.png?width=624&format=png&auto=webp&s=644af631e8387d60cb475e33e67fcd1c66018b8d +Hes quite popular and I've seen him being mentioned here a few times. A lot of his strats make sense and I agree with but everything is in hindsight when hes discussing his trades. I've also seen atleast 2 of his videos where he claims hes making gains such as being up 15% for the week or closed the month with 35% in profit. Which are huge red flags for me as these profits are unrealistic but I know not impossible eaither. He also sells a course. +Everyone is all over the shop on this - some analysts are saying end of 2022, others 23 - how much further can it pull ahead of other currencies - it's gaining parity with the Euro, it's closing with the pound as well which is tanking. + +If the US is coming into (or is in) a recession, when can we expect adjustment thereto. Can the US be in a (bad) recession and still hold a super strong dollar. Context of my question is that I have an income which is pegged to the strength of the dollar and want to come off it - right now, yes I'm making a lot but I'm trying to get an understanding when things will go back to "normal" / historical rates. +As a novice trader, I feel overwhelmed at times about how cut throat forex markets can be and the sheer amount of information that I have to juggle in my mind when making decisions. I still have the drive to continue to learn and get better but I just want to ask more experienced traders if they feel rewarded both financially but mainly, emotionally over their forex careers? + + +💥 WELCOME TO 100XELON 💥 + +What is 100XElon? + +A 100% Community Governed Auto-Generating Liquidity Protocol. This is literally a Meme shitcoin. We won't rug. This is fully experimental. This might go 100X or 0X. + +Either way, influencers will be shilling this project. + +Be aware of the risks when investing in this shitcoin. You might just lose your money or you might just go 100x. + +This shitcoin meme is supported by Ken The Crypto + +[https://twitter.com/KenTheCrypto](https://twitter.com/KenTheCrypto) (future video feature) + +☀️☀️PRESALE FINISHED ☀️☀️ + +150 BNB worth of tokens sold out in under 30 mins. + +‼️OUR OFFICIAL LINKS ARE AT THE BOTTOM OF THE PAGE ‼️ + +Admins will never DM first. + +GROUP RULES: + +🟢 No SPAM 🟢 No FUD 🟢 English Only 🟢 + +🟣Contract address of 💫 #TBA In the next hour 💫: + +📊 address 0xa58968A07b9fc6F53dEc772486C8309320765Ab3 📊 + +\#️⃣BSCScan Link: [https://bscscan.com/token/0xa58968A07b9fc6F53dEc772486C8309320765Ab3](https://bscscan.com/token/0xa58968A07b9fc6F53dEc772486C8309320765Ab3) + +🟡Pancake Swap Listing: + +[https://exchange.pancakeswap.finance/#/swap?outputCurrency=0xa58968A07b9fc6F53dEc772486C8309320765Ab3](https://exchange.pancakeswap.finance/#/swap?outputCurrency=0xa58968A07b9fc6F53dEc772486C8309320765Ab3) + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +Use 10 -12% Slippage + +⏳CoinMarketCap : Application 2 Days After PreSale Launch + +⏳CoinGecko : Application 2 Days After PreSale Launch + +⏳Blockfolio: Application 2 days after Presale launch + +🟡CHARTS: TBA + +🟣 How to connect Metamask to Binance Smart Chain + +🔵 [https://academy.binance.com/en/articles/connecting-metamask-to-binance-smart-chain](https://academy.binance.com/en/articles/connecting-metamask-to-binance-smart-chain) + +🟣There are NO team wallets. + +🟣 50% Liquidity Locked for 100 Years. + +The other 50% will be used for funding: marketing, hiring a full time developer, paying team members etc. + +IMPORTANT NOTE + +There will be a separate address made for all the raised funds for full transparency (You will know what we spend the funds on what we're paying ourselves) Some funds will be used as buybacks + +🟣 Holders will be rewarded. + +🟣Official Links: + +🔵Twitter: [https://twitter.com/100\_elon](https://twitter.com/100_elon) + +🔵Telegram Chat: [https://t.me/ELOofficialchat](https://t.me/ELOofficialchat) + +🔵Whitepaper: TBA + +🌐Website: TBA +I remember my dad talking to his broker when I was growing up, he’d always say something like “Fucking Clay, he gets paid if he’s right or wrong.” When he was done talking to him. + +Trading options would have blown dad’s mind, he always bought blue chip stocks. He passed away 13 years ago, I miss him every day. + +Thanks for the silver https://old.reddit.com/u/Charles_Himself_ + +Holy shit, I’ve been Platinumed, Blown, Tendied, and Silveredx 3, thanks WSB Bro’s 🍆💦 + +Can I have a custom title from the CIS gendered, hetero mod if there is one? + +I’d like to be known as “Gordon Gekko” or whatever the fuck you want to flair me with. +I want to make everyone aware of a link that is currently circulating, and was just sent to the anyone on the Slack team for status.im. The scam site, which looks **very** convincingly like the real thing, claims that an early access contribution period has been opened for the upcoming Status token (SNT) crowdsale. This is not the case, and the real crowdfunding period does not begin until Tuesday. + +If you have friends interested in Status who may have received the message, you may want to check in with them. A non-trivial amount of ether has already been sent to the scam address. + +The URL of the **scam** is https://contribute-status.im/ -- very close to the real address. **DO NOT SEND ETHER** to any address on this site. +I did it! I'm paying off my student loans with my crypto gains (and yes, I'm paying my taxes as well). It's really bittersweet to be cashing out so much ETH, but I plan to start accumulating again with a percentage of my paycheck after this. + +It's my own personal moon. I told myself that if I had enough in ETH I would sell it so that I could finally be debt free. As much as I hate to miss out on gains, this isn't the end for me. + +Hodl on my friends, I'll be back soon. +Update from Dow Jones Newswire. I can not link since it is from Fidelity Active Trader Pro. + +&#x200B; + +https://preview.redd.it/akhvy25gbzr61.jpg?width=600&format=pjpg&auto=webp&s=5a968443790fcbe1e7444a09d309258e8291d4fa +I was with someone this weekend who made this claim which made me raise an eyebrow. This person is an individual contributor, not part of the executive team. + +Having worked at startups myself, I find this highly unbelievable. I know snowflakes IPO was a *smashing success* but I can’t imagine the company would be handing out equity to new employees like this. Was this person likely embellishing their position or did they really hit the lottery starting working at Snowflake a measly 18 months ago? + +Also, I’m sure the equity was in the form of options with a \~4 year vesting period. Unsure what happens to unvested options when a company IPOs though. +One unit pays the entire mortgage. This is a NO brainer right? I gotta buy this building? It's in a good location, all units fully rehabbed. As close to turn-key as I've ever seen. +# hi, i'm thisonedudeyouknow & welcome back to the simulated shorting series + +happy Monday, nematoads. these will be short & sweet from now on. + +&#x200B; + +[here is the update: $11K to go!](https://preview.redd.it/hfraxxxtxjk71.jpg?width=3528&format=pjpg&auto=webp&s=747d12bbb42580a4036820b5fc2658bf57b29453) + +*decided this simulation will run until it ends. we can start a new one after this. I can not do two simulations.* + +# links to prior days + +[link to day 1 - -$126.00](https://www.reddit.com/r/Superstonk/comments/oust3j/day_1_what_if_i_shorted_gamestop_at_169_using_tos/) + +[link to day 2 - +$347.00](https://www.reddit.com/r/Superstonk/comments/owmkml/day_2_what_if_i_shorted_gamestop_at_159_using_tos/) + +[link to day 3 = +$711.00 (still wouldn't do it)](https://www.reddit.com/r/Superstonk/comments/oxboxf/day_3_what_if_i_shorted_gamestop_at_159_using_tos/) + +[link to day 4 = +$1921.82 (nope wouldn't do it)](https://www.reddit.com/r/Superstonk/comments/oy121c/day_4_what_if_i_shorted_gamestop_at_159_using_tos/) + +[link to day 5 = -$3848.34 (that's why)](https://www.reddit.com/r/Superstonk/comments/oyqily/day_5_what_if_i_shorted_gamestop_at_159_using_tos/) + +[link to day 6 = -$2344.97](https://www.reddit.com/r/Superstonk/comments/ozecx3/day_6_what_if_i_shorted_gamestop_at_159_using_tos/) + +[link to day 7 = -$10530.95](https://www.reddit.com/r/Superstonk/comments/p19aep/day_7_what_if_i_shorted_gamestop_at_159_using_tos/) + +[link to day 8 = -$8723.43](https://www.reddit.com/r/Superstonk/comments/p20lq9/day_8_what_if_i_shorted_gamestop_at_159_using_tos/) + +[link to day 9 = -$8488.80](https://www.reddit.com/r/Superstonk/comments/p2kwbm/day_9_what_if_i_shorted_gamestop_at_159_using_tos/) + +[link to day 10 = -$11591.13](https://www.reddit.com/r/Superstonk/comments/p37m8r/day_10_what_if_i_shorted_gamestop_at_159_using/) + +[link to day 11 = -$11738.86](https://www.reddit.com/r/Superstonk/comments/p3swph/day_11_what_if_i_shorted_gamestop_at_159_using/) + +[link to day 12 = -$12964.15](https://www.reddit.com/r/Superstonk/comments/p5nw0w/day_12_what_if_i_shorted_gamestop_at_159_using/) + +[link to day 13 = -$12633.93](https://www.reddit.com/r/Superstonk/comments/p6b8w1/day_13_what_if_i_shorted_gamestop_at_159_using/) + +[link to day 14 = -$6985.43](https://www.reddit.com/r/Superstonk/comments/p6z3bv/day_14_what_if_i_shorted_gamestop_using_tos/) + +[link to day 19 = -$44004.83](https://www.reddit.com/r/Superstonk/comments/pbk7w0/day_19_what_if_i_shorted_gamestop_using_simulated/) \- continuation of series + +[link to day 20 = -$44653.98](https://www.reddit.com/r/Superstonk/comments/pc7c81/day_20_what_if_i_shorted_gamestop_using_simulated/) \- w/ mini shorting dd + +[link to day 21 = -$48610.53](https://www.reddit.com/r/Superstonk/comments/pcwjmf/day_21_what_if_i_shorted_gamestop_using_simulated/) +Like many of you, I'm a huge fan of Big ERN and waiting for him to update [his post on people who retired in the year 2000](https://earlyretirementnow.com/2017/01/18/the-ultimate-guide-to-safe-withdrawal-rates-part-6-a-2000-2016-case-study/). While I'm waiting, I decided to use [his monthly data](https://earlyretirementnow.com/2018/08/29/google-sheet-updates-swr-series-part-28/) to take a quick look at their performance through the end of 2018. All this uses real returns, re-invested dividends, fixed withdrawal rates, and a portfolio 100% in the S&P 500. + +&#x200B; + +I looked at 2 things: + +1. [For people who retired March 2000 (the market peak), how their portfolio has performed for a variety of fixed withdrawal rates.](https://imgur.com/a/Y6gouH9) +2. [% of the remaining portfolio on Dec 31, 2018, for people who retired on Jan 1 of the years immediately before and after 2000 (for a variety of fixed withdrawal rates)](https://imgur.com/a/VAE5vX2) + +&#x200B; + +I've got to say, performance was much worse than I expected. To maintain your real portfolio value to today, you needed a 1.5% WR in 2000, and still a 2.5% in 1999 and 2001. Since (Edit)[equity valuations today ~~are comparable to where they were around 2000~~ at levels only surpassed during the dot come period (and similar to 1929)](http://www.multpl.com/shiller-pe/) and demographic trends + rising government deficit are expected to be larger headwinds to the economy over the next few decades, I think it would be reasonable to project even more conservative performance in our retirement models (or have strong contingency plans if there is a big recession soon after you retire). + +&#x200B; + +This is not at all what I was expecting to see when I decided to look into this. I was hoping for confirmation that a 3% withdrawal rate was solid, even in the worst of times. That being said, a cash cushion, some portfolio diversification, spending flexibility, and a willingness to gain income again can all mitigate this. + +&#x200B; + +Edit: Here's a copy of the document I was using in google docs. Click the link, then go to file->make a copy, and you'll have your own version that you can edit. [https://docs.google.com/spreadsheets/d/1BvRvOWs1iiWCnjiXSVH4M8ImFwhnunYCsPNEGXp\_5fo/edit?usp=sharing](https://docs.google.com/spreadsheets/d/1BvRvOWs1iiWCnjiXSVH4M8ImFwhnunYCsPNEGXp_5fo/edit?usp=sharing) + +&#x200B; + +Edit 2: Based on some of the comments, I want to mention that I'm not thinking about a 30 year retirement window, but a much longer one. A 30-year retirement could likely use slightly higher withdrawal rates in the year 2000 (maybe 3%). Also, this is looking at 100% stocks because I was curious about that, and because most people here skew highly towards stocks. Bonds performed pretty well during this period, so having some bonds would allow for a higher withdrawal rate too. If you want to see that, you can use my spreadsheet to incorporate bonds, or wait for Big ERN to do it. +If you were in your mid 30s with family in mind, where your S/O could eventually find work making roughly the same they make now. Would love to hear how the FIRE community views the landscape for relocating. + +$StopElon started off like most potential moonshots, with a vision and a out of reach plan. We are becoming so much more however. People from all around the globe are sticking up against the effects of manipulation from Elon Musk and his lies and deceit he used to post a $100m profit on Q1 for Tesla. Billions and billions of USD was lost from investors around the world just so he can barely scrape by with his nonprofitable company. + +Tesla workers deserve a union and fair wages. Elon doesn’t care however, and profits millions off their lack of rights while he also profits off of average investors by manipulating crypto. No one person should have this much power, money, and benefit off of the financial losses and sufferings of the common man, in the way Elon Musk does. + +What no one envisioned however, was how there would be many converging factors that could allow this community to grow & become a rallying point for everyone that is fed up with the rich and powerful not only profiting off of market manipulation, but also; Lack of workers rights, Anti-Union policies, and especially the non stop taking advantage of poorer counties. These people have left the everyday person in their rear view mirror, while they get richer and richer. + +$StopElon is available on Telegram in (18) different languages as the community has pitched in to design our ecosystem in a way that encourages coin holder engagement. Our community is very active and we have daily voice AMAs with the chat. + +Updates: +Premiere of our video is live on the youtube channel! Check out our twitter for a triple giveaway! The video includes HD drone footage and great cinematography with amazing edits and also a track produced by a professional audio engineer community member! + +Exchange listing is getting closer everyday! The team is constantly dropping hints that it is not a small exchange at all or one with a bad rep! The community is very hyper. CMC listing could come any day now with this also. + +NBC Bay Area did an interview at our event in front of the Fremont Tesla Factories. Devacor was answering the questions and it went great! He handled the press really well. + +The team did it. We are officially signed on a contract to be listed on a significant exchange. The devs said we skipped over minor exchanges, our tokenomics will be supported in the form of airdrops, and we with trade under STEL/USDT and STEL/ETH. This is big. + +StopElon has been completely rebranded with new a logo, telegram stickers, and an whole new website. +Bay area news absolutely ate up the story about our local event in front of Tesla Factories in Freemont. Recently we are on Bazinga again, huge Korean news sources, and earlier this month we were shown on CNBC, WSJ, CNN, and more. We are back in the headlines! Even, Forbes Mexico/Columbia/Central America took a part covering our recent stories. + +Check our TG for daily updates + +Tokenomics: 0.1% max buy/sell 10% tax total (to holders and LP) 40% initial burn (almost 50% burn as of now!) 5% dev marketing wallet 5% community wallet $13M+ Marketcap 22,330+ Holders + +✅ Verified contract +0xd83cec69ed9d8044597a793445c86a5e763b0e3d + +Twitter: https://twitter.com/STOPELON_BSC + +📱English Telegram (@StopElon_BSC) + +🌐 Website: www.StopElon.space + +📈Chart: https://charts.bogged.finance/?token=0xD83cec69ED9d8044597A793445C86a5e763b0E3D + +🥞 Buy (v2, slippage 12%, 0,1% max) : https://exchange.pancakeswap.finance/#/swap?outputCurrency=0xd83cec69ed9d8044597a793445c86a5e763b0e3d +Looking at the comparisons for term deposits in Australia, and the way I see it Judo Bank seems to be offering 4 times the return for a 12 months term deposit as compared to the Big 4. What am I missing from a risk return point of view, as they seem to have the $250k Australian Govt insurance guarantee. Are they a reputable bank to deal with? Thoughts +Hey guys, +I was speaking to my mum the other day about the fact that she is purposely not paying off the remainder of her mortgage so she has access to an easy line of credit. Is this a smart idea? +My suggestion was for her to pay it off and for me to lend her $10k so she feels comfortable and to start saving money instead of paying the bank the 4% that she has been doing for a while +Not sure if my advice is valid or not? +Wall Street bears battered by the Reddit crowd earlier this year have yet to regain their gumption, even with stocks at records and valuations near two-decade highs. The median short interest in members of the S&P 500 sits at just 1.6% of market value, near a 17-year low, according to Goldman Sachs Group Inc. In Europe, a short-covering frenzy has sent bearish bets collapsing like never before in Morgan Stanley data. + +At the same time, hedge-fund longs are around the highest relative levels in years at JPMorgan Chase & Co.’s prime brokerage. They’re all signs of the bullish mania propelling global equities to fresh records this month, thanks to the economic re-opening and big policy stimulus. The smart money has little appetite to wager against either expensive or deadbeat companies -- especially after being lashed by the day-trader army earlier this year. “There’s just mass euphoria,” said Benn Dunn, president of Alpha Theory Advisors. “No one wants to get their head ripped off by a short anymore.” + +[https://www.bloomberg.com/news/articles/2021-04-19/stock-shorts-collapse-as-no-hedge-fund-wants-head-ripped-off](https://www.bloomberg.com/news/articles/2021-04-19/stock-shorts-collapse-as-no-hedge-fund-wants-head-ripped-off) +If y'all check the other sub, the narrative is that this was only the first step. Bitcoin has a difficulty adjustment coming up (~1800 blocks when I checked last night), and that's when they're hoping to "strike" and send BTC into a "death spiral." (Using their language here.) + +Remember that Ver moved a huge sum of BTC to an exchange recently, but didn't sell. Seemed puzzling at the time, but I'm wondering if he's waiting for that difficulty adjustment to try and influence the price. Just a thought. + +Anyway, good to keep an eye on what's going on over in our neighbor's yard as this situation continues to unfold. And I say "neighbor" purposefully -- I wish both camps could follow their individual visions for the two coins in relative peace. However, from reading the other sub it's pretty clear that their end game is (using their words again) to send BTC into a death spiral. + +EDIT: For those asking, I originally tried to link the the post I'm referencing, but the post was removed by the automod for violating Rule 4 in the sidebar. Here's the link: https://np.reddit.com/r/btc/comments/7cibdx/the_flippening_explained_how_bch_will_take_over + + +Guten Morgen to this global band of Apes! 👋🦍 + +Today is a market holiday in the US, but the German Markets are trading. +As usual on such days, I will cover the entire trading session. + +Obviously the big news of the weekend is the tragic suicide death of the BBBY CFO. +This is obviously a terrible turn of events. +The media is clearly trying to link this to Ryan Cohen, as well as trying to paint Apes in a bad light. +Though we all see right through their falsehoods, there is no doubt that this is going to stick in the minds of some. +We all expected the FUD, but them stooping to this level is a whole new layer of it. + +It changes nothing. +Our Diamantenhände are stronger than ever. +If they manage a dip to coincide with this FUD campaign, it will only discount our newest purchases. +DRS continues to be the way, and I cannot wait to see what earnings this week shows us. + +Today is Monday, September 5th, and you know what that means! Join other apes around the world to watch infrequent updates from the German markets! + +###🚀 Buckle Up! 🚀 +*** + + +- ⬜ 840 minutes in: **$27.98 / 28,00 €** *(volume: 13770)* +- ⬜ 835 minutes in: $27.98 / 28,00 € *(volume: 13765)* +- ⬜ 830 minutes in: $27.98 / 28,00 € *(volume: 13629)* +- ⬜ 825 minutes in: $27.98 / 28,00 € *(volume: 13421)* +- ⬜ 820 minutes in: $27.98 / 28,00 € *(volume: 13414)* +- ⬜ 815 minutes in: $27.98 / 28,00 € *(volume: 13409)* +- ⬜ 810 minutes in: $27.98 / 28,00 € *(volume: 13409)* +- ⬜ 805 minutes in: $27.98 / 28,00 € *(volume: 13409)* +- ⬜ 800 minutes in: $27.98 / 28,00 € *(volume: 13002)* +- ⬜ 795 minutes in: $27.98 / 28,00 € *(volume: 12502)* +- ⬜ 790 minutes in: $27.98 / 28,00 € *(volume: 12462)* +- ⬜ 785 minutes in: $27.98 / 28,00 € *(volume: 12410)* +- ⬜ 780 minutes in: $27.98 / 28,00 € *(volume: 12410)* +- 🟩 775 minutes in: $27.98 / 28,00 € *(volume: 12405)* +- 🟥 770 minutes in: $27.78 / 27,80 € *(volume: 11405)* +- ⬜ 765 minutes in: $27.79 / 27,81 € 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Today's euro -> USD conversion ratio is 0.9993. I programmed a tool that assists me in fetching this data and updating the post. If you'd like to check current prices directly, you can check [Lang & Schwarz](https://www.ls-tc.de/de/aktie/gamestop-aktie) or [TradeGate](https://www.tradegate.de/orderbuch.php?isin=US36467W1099) + +Diamantenhände isn't simply a thread on Superstonk, it's a community that gathers daily to represent the many corners of this world who love this stock. Many thanks to the originator of the series, DerGurkenraspler, who we wish well. We all love seeing the energy that people represent their varied homelands. Show your flags, share some culture, and unite around GME! +***UPDATE*** + +**I get to keep it!** + +It was the relocation benefits that they decided I could have retroactively! A lot of other people got surprise cash in theirs, too! The payroll people told me they wish they had put out an announcement because their morning has been nothing but people calling asking if it was a mistake. + +------ + + +Hi guys. I know that this money isn't mine most likely. I understand they likely made a mistake. I also get that they will likely take it back. + +I can live without it and while nice, this money doesn't change my life. I will not touch it until everyone confirms if this is right. I already emailed payroll and will see what they have to say on Monday. + +My concern is that I have my money auto deposit between 3 bank accounts. One deposits $2000/paycheck for my expenses. One deposits $1050/paycheck to a savings account. The third drops the left overs to a checking account that I pay my mortgage from. My boyfriend pays me his portion and that gets deposited there. I keep 2 months of mortgage payments in there but that's it. + +So the extra went to the mortgage account because that's where "the rest" goes. But will they try to withdraw from the 3 accounts evenly? Will they pull back from the first account first? Withdrawing $4k from my other checking wouldn't be good as I only keep 2 months of expenses there, too. The majority of my cash is in my savings. + +I don't care if they withdraw the extra $4k from the account the extra went to, but I don't want to deal with overdraft if they go for the other checking account. + +Anyone know how this works? + +----- + +Since like half of the people responding aren't reading the post: + + - ***I already reported the issue, Payroll knows***. + - ***All 3 accounts get auto deposit straight from my paycheck***. + - ***I haven't moved any of the money from any of the 3 accounts***. + - ***The question is which of the 3 accounts would get reversed because only one of the accounts got extra money and has enough to not be over drafted by $4k***. + +---- + +My boyfriend goes to this sub so has probably seen this since it blew up. Guess you know my reddit account now, hun. +I was totally blindsided and financially unprepared so here's what I did: + +1. Applied for unemployment although it took 3 weeks before I got it. +2. I called my credit card companies and asked them to implement my credit card protection program. This covers my minimum monthly payment until I get a job. I used the cash I would normally spend on this to supplement my basic needs since I'm now without a paycheck. **REMEMBER**: You must report this as income when you do your taxes. Otherwise, you will be hit with a heavy penalty**. ALSO:** You won't be able to use that credit card during this time. Keep that in mind. +3. Called the loan company for my car and asked if I could put the next payment due to the back of the loan. I paid $30 in interest only for that month. Be prepared to explain how you plan to pay your next month's payment. I needed the cash, so I used that month's $500 car note to supplement my basic needs. +4. Applied for TANF. No shame in my game. My daughter has special needs and as a result of such, they gave me a $3K grant to cover my mortgage and utilities. +5. I said these words every single day for 30 days. " How can I make more money today." and " Everything I'm seeking is seeking me." Every time I got an idea, notion on inkling about getting a job or making money I acted on it. +6. I saved every dime from a rebate or coupon. I keep a piggy bank in my kitchen, laundry room, car, and bedroom. I throw my change in them and when my money gets funny, I cash them in at Coinstar. Everyone laughs at me about this, but it's enough for gas and grocery money. Especially if you know how to make struggle meals. +7. I now have a great job working from home. So guess what? I called my insurance company to insure my car for pleasure since I won't be driving to work. It went down from $140 to $96/month. See #5 New job offers a home warranty program to employees at $24/month. I'm currently paying $89/per month. Again, see #5 +I hope you never get fired, but if you do I hope this helps you. +Not quite a FatFIRE inquiry, but from my viewership, this thread has some of the best planning/analytical thinking on personal finance on Reddit. + +My father is starting to seriously consider retirement from his long operated family business.(Distribution of consumer goods). + +I (M/late 20’s) personally don’t wanna work in that field, and I’ve started my career working in finance, roughly 2 hours away. Currently, my significantly older sister works in the business with him and helps him run things, however, he has expressed to me that he does not think she could run it alone. + +He does not want me to change careers, and wants me to pursue what I like, so he’s considering selling the business as well as the significant area of land that sits on. The way I see it he has a few options, 1) selling the business and the land, 2) selling the business while retaining the land (leasing it out, maybe Triple Net opportunity here) or 3) trying to modify the business to a way which he feels she could run alone (hire external management/invest in more technology). + +The business has been long operated the same with limited technology investments, so I think there is real room for expanding profitability here. On the other hand it’s biggest segment is in a declining industry (tobacco). The business has significant size (single digit $mm gross profit) and obvious emotional attachment. + +I’d really appreciate hearing some other folks thoughts. When it comes to selling ideas I would really appreciate ideas around long-term value/tax avoidance + +Thanks! +A "stock bro", or "stock *breauette*" walks into your store and hands you a bunch of pizzas or drinks or something. And you stand there and thank them. They walk away. + + +You look at your co worker and say. "what the fuck is going on. We have stockholders buying us lunch and goodies and shit? This is crazy". + + +Moass is coming. But the stuff we do in the meantime means more than you think right now. If I was an employee it would seem bizarre but awesome to have this happening to us. Literally no other shareholders of other companies do this. This is how shareholders SHOULD be. They should be invested in the poeple, the wellbeing of the employees, and actually give a damn about what happens to the company you have invested in. This is the start of a big movement that I believe will better the + markets and companies in the long term. I hope corporate sees this and is thrilled something this generous is happening. A happy employee can be 10-20 percent more productive. +So at first glance, options seemed incredibly complex to me. Complex math of course, combined with all sorts of weird jargon, and some famous examples of options trading going catastrophically wrong. + +I got into it from reading about the idea of selling naked puts, which seems very simple. People don't want risk, especially the fat-tail risk, so they'll pay a premium to make it go away. This is completely well-known and robust in all markets. So you make money by collecting that premium, and just manage your own risk so you don't get blown up when things crash. + +When I read about other options-selling strategies... they all seem like basically the same thing? You're just "selling insurance" in one form or another. Maybe you're selling calls, covering people who are afraid of a big upward move for whatever reason. Maybe you're selling spreads, so you're only insuring against smaller moves. Maybe you're insuring against time as well as price. Maybe you're doing it long term, or short term, or on commodities, or on the vix, or whatever. All sorts of complicated strategies. + +But it all seems to end up being the same thing: + +(1) collect risk premium + +(2) manage your own risk so you don't get blown up + +...right? Which makes me think that basically all of these strategies end up being more-or-less the same. You just have to calculate your risk, and bet accordingly with something like the [Kelly Criterion](https://en.wikipedia.org/wiki/Kelly_criterion). I feel like there's a lot of flim-flam going on where people try to make it seem like they've got some killer strat that only works with very specific timing/prices/markets, but if you do the math properly you'd see it's all the same risk/reward payoff. + +It's most obvious when you look at volatility. You could sell an option on something with high volatility and make a high premium, but that also comes with high risk for you. Or you could sell one with low volatility and low risk. If you sell multiple options on the low volatility one, it ends up exactly the same. + +Maybe there are some inefficient options contracts out there which could be found and exploited. But they'll probably be found by some quantitative finance firm running algorithmic trading, not by some rando staring at charts. +I love how a couple of green days breathed new life in the sub, but what I love most is the deluge of DRS posts incoming! Bravo apes 👏🏼 👏🏼 👏🏼 and keep them coming! + +So I was thinking, if these are posted now, the actual DRSing was done weeks ago. Also, these initial requests are for many apes just a test drive before the "real" thing. If we have already locked 20% of the float, what happens when network effects and "real" DRSing kicks in? Also, if the recent price action is even remotely connected to reduced float, what's going to go down when the circulating float is seriously reduced like in the 30-40% range? + +Hedgies R what now? + +🚀 🚀 🚀 +I love how a couple of green days breathed new life in the sub, but what I love most is the deluge of DRS posts incoming! Bravo apes 👏🏼 👏🏼 👏🏼 and keep them coming! + +So I was thinking, if these are posted now, the actual DRSing was done weeks ago. Also, these initial requests are for many apes just a test drive before the "real" thing. If we have already locked 20% of the float, what happens when network effects and "real" DRSing kicks in? Also, if the recent price action is even remotely connected to reduced float, what's going to go down when the circulating float is seriously reduced like in the 30-40% range? + +Hedgies R what now? + +🚀 🚀 🚀 +I was wondering if there are any advantages to using roboadvisors over the couch potato models, despite the higher fee for roboadvisors. Most of my investments is in XGRO through Wealthsimple Trade, so I'm already not paying for trades. I have no plans to switch over to a roboadvisor but I was just curious if there is something I'm missing. +Hi All. + +I am a student nurse who works casually for an NDIS agency as a support worker. This agency is a family run agency and to be honest they have been incompetent with shifts and pay since I started with them. + +I plan on going backpacking during the holidays and have given them notice that i am leaving with them asking to re-engage when i get back. I have noticed on my super app that no payments from them have been received. I emailed asking to confirm they have my correct super details which they did and I have confirmed as the correct details. I am unsure what to do next here without stepping on their toes. How do i ask them for evidence that they have paid my super? what details or documents do i request from them? + +Thanks +As the title says - my grandmother is in poor health so my folks have taken over her estate and finances. She had a fair amount saved away so in order to make something with her taxes easier or cheaper or something (I’m not positive the exact reason) each of the grandkids is getting a $15,000 gift to put towards debt, savings, etc. + + +I live in a downstairs apartment with my gf, and the house is owned by her mom so rent is pretty cheap. My expenses are pretty minimal - health insurance, groceries, pet supplies, student loans, car insurance, and incidental stuff. I currently only make about $1100 a month and only have a thousand in savings. + + +I have two student loans - one is about $6000 at 4% interest and one is about $3500 at 4.4% interest. + + +Should I pay off both loans and save the rest? Should I pay off the bigger one, put the rest in savings and pay off the smaller loan faster without the added expense of the bigger one? + + +Is there another option I’m missing? + + +Thanks for the advice! +It was last summer and I just found out, my credit score is at 540 right now and I don’t know what to do?? I’m freaking out I don’t know how serious it is?? There’s $1600 left to pay off +Ur-Energy $URG is a mining company that engages in uranium mining and recovery operations, with activities including acquisition, exploration, development, and operation of uranium mineral properties. Almost 2m in volume, 151m market cap. Check out the latest Executive Order signed yesterday by the US GOV issued yesterday about promoting small **Nuclear reactors for national defense &amp; space exploration** [https://www.whitehouse.gov/presidential-actions/executive-order-promoting-small-modular-reactors-national-defense-space-exploration/?](https://www.whitehouse.gov/presidential-actions/executive-order-promoting-small-modular-reactors-national-defense-space-exploration/?utm_source=twitter) + +Here's the link to check stats on Finviz: + +[https://finviz.com/quote.ashx?t=URG&amp;amp;amp;amp;amp;amp;amp;amp;ty=c&amp;amp;amp;amp;amp;amp;amp;amp;p=d&amp;amp;amp;amp;amp;amp;amp;amp;b=1](https://finviz.com/quote.ashx?t=URG&amp;amp;amp;amp;amp;amp;amp;amp;ty=c&amp;amp;amp;amp;amp;amp;amp;amp;p=d&amp;amp;amp;amp;amp;amp;amp;amp;b=1) + +It is currently listed amongst the top 5 energy plays in these chosen criteria (sorted by lowest price/mkt cap/volume) +Forecasts have a median estimate of 19% increase from current price, the highest is 1.30$ + +Analysts coverage on CNN has 4 BUY 0 HOLD 0 SELL [https://money.cnn.com/quote/forecast/forecast.html?symb=URG](https://money.cnn.com/quote/forecast/forecast.html?symb=URG) + +Nuclear power backers hopeful Biden's climate focus will boost industry : [https://www.reuters.com/article/us-nuclearpower-energy/nuclear-power-backers-hopeful-bidens-climate-focus-will-boost-industry-idUSKBN29G2AY](https://www.reuters.com/article/us-nuclearpower-energy/nuclear-power-backers-hopeful-bidens-climate-focus-will-boost-industry-idUSKBN29G2AY) + +Directly from Joe Biden's website : [https://joebiden.com/clean-energy/](https://joebiden.com/clean-energy/) + +Added by the Global X Uranium ETF two weeks ago + BlackRock/Lazarus owning a percentage of the company [https://fintel.io/so/us/urg](https://fintel.io/so/us/urg) + +Good article on $URG [https://investorintel.com/sectors/uranium-energy/uranium-energy-intel/ready-for-the-inevitable-change-in-the-market-as-a-secure-domestic-uranium-industry-is-in-the-united-](https://investorintel.com/sectors/uranium-energy/uranium-energy-intel/ready-for-the-inevitable-change-in-the-market-as-a-secure-domestic-uranium-industry-is-in-the-united-states-best-interest/)[states-best-interest/](https://investorintel.com/sectors/uranium-energy/uranium-energy-intel/ready-for-the-inevitable-change-in-the-market-as-a-secure-domestic-uranium-industry-is-in-the-united-states-best-interest/) + +https://kalkinemedia.com/au/blog/uranium-prices-are-up-whats-driving about Uranium prices going up + +I think I'll open up a position and see how it plays out for the next few weeks. Thursday Biden's trillion dollar plan will be revealed I guess, so everyone is expecting a boost in clean energy related stocks. Need some more info, if you guys find anything negative I'd like to know, the more we research the better. Hope this post was helpful, since $URG has never been mentioned before. update: CEO buying shares last month [Here](https://www.markets.co/h-c-wainwrights-take-on-this-canadian-energy-stock/288386/) + +⚠️ EDIT: For those accusing me in my DMs of being a liar about Biden’s plan, it’s everywhere in the news. If it’s not tomorrow it will be after the inauguration, if you didn’t take time to search on google take your time to read here. Thanks. + +https://www.cnbc.com/2021/01/12/infrastructure-lithium-etfs-to-benefit-from-biden-plans-global-x.html (yesterday’s article, $URG is into Global X Uranium ETF) + +https://www.reuters.com/article/usa-biden-economy/update-2-biden-to-unveil-trillions-in-pandemic-economic-relief-spending-next-week-idUSL1N2JJ2BL +My rent is due in 2 days, I have $30 to my name. I have no food, still waiting on my stupid background check for my new job to come through, I finally got through to someone at a food pantry yesterday for them to tell me they’re closed until Friday because they’re only open 2 hours, Monday and Friday. I never paid my electric bill last month so I’m just waiting for that to be turned off. Im so overwhelmed, I never wanted to live like this, I don’t know how much longer I can do it. I’ve been barely scraping by for 7 months, I can’t do it anymore. +5 years ago I racked up £14k worth of debt over 4 credit cards and 2 overdrafts at the age of 25. I was earning around £24k a year at the time so £14k was a lot compared to my salary as my take home was about £1500 after tax and my bills were probably about £1000. + +My interest was also high so I could only afford minimum payments so it was an uphill battle. I know people have been in more debt than me but it was severely affecting my stress and mental health. + +I decided enough was enough so managed to get a loan to cover all the debt. The interest was a little bit lower than all my debt interest combined but I got my spreadsheet out and worked out I could pay it off in 5 years at my current salary. The cost of the loan was £335 per month to me over the next 60 months. It was quite daunting as I only had £200 spare cash every month so I had to cut back a lot. + +As my salary increased I put that extra money to the side to give me some more month-to-month security. I know you should probably pay that directly to the debt but I wanted some cashflow for things like vehicle repairs if they came up. + +1st June 2021 marks the 5 year anniversary of my consolidation loan. Luckily I didn't need to use much of my savings over the years so me and my now Wife have managed to buy our first house on the HTB scheme and I've also managed to put a little here and there into stocks and shares while clearing the debt. + +I definitely learnt from my mistakes over the years and if I had a crystal ball I know that if I had paid off the loan first rather than saving alongside I would have saved a lot on interest but I just felt comfortable having that available cash in the bank. + +\--- + +This post is just a reminder that debt can be paid if you are strict and motivated. I'm now 30 and am completely debt free! (minus the house mortgage!). I would never have thought this was possible 5 years ago. +French here. Sold 13% of my stack to move & start my new life in Japan from January. + +It was really hard to sell, heartbreaking. Bitcoin allow me to realise my dream. +Guten Tag to this global band of Apes! 👋🦍 + +The final day of the week is has arrived, and what a week it has been! Ryan Cohen's anniversary as a board member, Citadel receiving an unusual outside investment to prop up their market-maker arm, huge downward pressure on the price, and Apes furiously DRSing shares to have them counted in the next quarterly report from GameStop. Meanwhile, inflation continues to rise and reverse-repo utilization remains at incredible levels. The institutional shorts panicked last week, spiking the price and shorting just as fiercely in an attempt to price Apes out of options, with the added opportunity to spin a narrative that they fear. + +Meanwhile, GameStop hasn't flinched. They don't need to respond to these attacks, because *everyone* knows that these are the futile attempts of dying predators to avoid their ultimate fate. Sequoia and Paradigm's cash infusion will not prevent the MOASS. The options fuckery will not prevent the MOASS. False narratives planted in the MSM will not stop the MOASS. There is nothing that can stop it, as long as Diamantenhänded Apes continue to Buy+HODL and GameStop continues to quietly revolutionize retail. We're doing our part, and they are doing theirs. + +It must frustrate the institutional shorts to no end that they can't spin and broadcast a betrayal of the Apes by our beloved Chairman, because it hasn't happened. In fact, *none* of the insiders at GameStop who have every right in the world to sell their shares is doing so. They see the revolution they're building every day, and they believe in it. That is enough for me, because I believe in them. + +Today is Friday, January 14th, and you know what that means! Join other apes around the world to watch infrequent updates from the German markets! + +###🚀 Buckle Up! 🚀 +*** + + +- 🟩 120 minutes in: **$121.72 / 106,19 €** *(volume: 2710)* +- 🟥 115 minutes in: $121.71 / 106,18 € *(volume: 2583)* +- 🟥 110 minutes in: $122.14 / 106,55 € *(volume: 2070)* +- 🟥 105 minutes in: $122.28 / 106,67 € *(volume: 2057)* +- 🟩 100 minutes in: $122.31 / 106,70 € *(volume: 1914)* +- 🟩 95 minutes in: $122.11 / 106,53 € *(volume: 1657)* +- 🟥 90 minutes in: $122.08 / 106,50 € *(volume: 1549)* +- 🟥 85 minutes in: $122.25 / 106,65 € *(volume: 1516)* +- 🟩 80 minutes in: $122.28 / 106,68 € *(volume: 1489)* +- 🟥 75 minutes in: $122.11 / 106,53 € *(volume: 1351)* +- 🟥 70 minutes in: $122.17 / 106,57 € *(volume: 1291)* +- 🟩 65 minutes in: $122.27 / 106,66 € *(volume: 1169)* +- ⬜ 60 minutes in: $121.79 / 106,25 € *(volume: 1071)* +- 🟥 55 minutes in: $121.79 / 106,25 € *(volume: 1041)* +- 🟥 50 minutes in: $122.54 / 106,90 € *(volume: 390)* +- 🟥 45 minutes in: $122.55 / 106,91 € *(volume: 356)* +- ⬜ 40 minutes in: $122.65 / 107,00 € *(volume: 340)* +- 🟥 35 minutes in: $122.65 / 107,00 € *(volume: 298)* +- ⬜ 30 minutes in: $122.91 / 107,22 € *(volume: 276)* +- 🟥 25 minutes in: $122.91 / 107,22 € *(volume: 243)* +- 🟩 20 minutes in: $122.94 / 107,25 € *(volume: 204)* +- 🟩 15 minutes in: $122.77 / 107,10 € *(volume: 198)* +- 🟥 10 minutes in: $122.65 / 107,00 € *(volume: 192)* +- 🟩 5 minutes in: $122.67 / 107,01 € *(volume: 172)* +- 🟩 0 minutes in: $122.65 / 107,00 € *(volume: 167)* +- 🟥 US close price: $122.48 / 106,85 € *($122.50 / 106,87 € 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 1.1463. 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’ve seen a lot of posts about Reddit going down again once the inevitable MOASS occurs so I just wanted to break down some possible scenarios for anyone trying to decide at what amount to sell for. This isn’t advice, I just want to provoke some thought. I think the question we should ask is “how much will change my life, for the rest of my life?” + +I know we stick to the “XX” and “XXXX” shares right now but this is not what I claim to have this is just an example: + +Say you own 15 shares. + +Sell 15 @ 1000 share price = $15,000 before tax. That’s a little more than what you would make working part time at $10 bucks an hour for a year. That’s not life changing. Not even worth calculating the taxes for. + +15 @ 10,000. Okay $150,000. That’s nice! About 3 years’ salary based on the US average if you have a degree. Congrats maybe you paid off your house or student loans or bought yourself some time off. Life-changing forever? I don’t think so. + +15 @ 100,000 = $1,500,000. Wow! Over a million now. You’re a millionaire, congrats! Oh wait... let’s start calculating taxes now. These are increasing and for this amount estimated around 37-42%. We’ll use 40%. 1,500,000 x .40 = $600,000. You’re left with $900,000. Hey that’s enough to get you a house, pay of a really nice car or two. Take some years off of work. Enough to set you up for life? Maybe if you’re very conservative. I don’t want to be. I want to change my life and the lives around me. + +15 @ 1,000,000 = $15,000,000. After tax estimate: $9,000,000. Now we’re talking. Let’s keep going though. + +15 @ 10,000,000 = $150 Mil. After tax: $90 Mil. Ninety million dollars. It would really be difficult to hodl to this amount but can you imagine if you did? Did you see what us poor apes already did for the Gorilla fund? Didn’t you see the apes donating gaming consoles to children’s hospitals? + +My non-professional, non-advice is this. Make your number personal. Do the math. Think about what it could mean for you to hodl. For me, I could tell my 69 year old cancer surviving grandmother that she can finally stop working. Same with my parents. I can leave my job and focus on REAL philanthropy like I want to so bad. + +This is why I HODL. + +I can do this. You can do this. We can change our lives and the lives around us. We’ve seen what type of people we’re up against. + +To the moon we go 🚀🚀🚀🐒 + +Edit: my grandma is 69 now. Nice. +To claim unlimited tax deductions according to the IRS one must be a “Real Estate Professional.” ( seethe two criteria at IRS site) Otherwise you’re capped at $25,000 unless your adjusted gross income is over $150,000 then it goes away ( I know you store it up against the future) So at how many properties did you start claiming tge professional status for tax purposes. +Out of curiosity, + +What has been one of your greatest triumphs in the market? And what was the decision making that brought you to it? + +What do you own yourself? Where do you put your own money? +What's your investment/make money strategy? And why? What brought you around to that decision? What's your journey been like, what lessons have you learnt along the way? Are you a day trader? A dividend investor? Maybe GICs are your game, what's your jam? + +I started in the weedstock craze, got in early and made some fantastic returns. Was making ridiculous money with no real plan or effort. Greed helped me ride it almost all the way back down. I got out having made some money but lost a fair amount of unrealized gains. During my research in my beginning phase I was drawn to dividend investing as it suits my personality better and to be fair, my knowledge level. I consider myself an absolute beginner as far as knowledge goes. + +My current strategy is buying in large enough chunks to DRIP full shares of whatever I buy. +Hi, I'm 21 and I recently became interested in investing for the long term. I'm currently reading a book called "The Simple Path to Wealth" where the author advocates that you should invest most of your money in an ETF that tracks the entire market, keeping some of it in bonds and cash on hand. + +His suggestion was VTSAX, but that is an American ~~ETF~~ mutual fund and I'm apprehensive of buying those due to forex fees. The closest Canadian equivalent seems to be VGRO, so in that case if I wanted to apply his strategy would I put most of my money in VGRO? Also is it a good idea for me to buy American ETFs? + +EDIT: Thanks for the tips, and the correction! +As requested + + +https://imgur.com/a/b9WgZmO + + +Not happy with the results as I expected Tilray short squeeze, which happened only partly. I sold these positions on 29th of July and 30th of July. Will try to screenshot inside the TWS next time I sell. + + +But since it worked out, GOLD for all my fellow WBS'ers, we need to stick together and gang up against wallstreet fam + + + +EDIT: I know I misspelt coke so whatever + +EDIT2: Just ignore BYND now. Don't go short, don't go long. Forget about this company forever. Don't even click on articles where they mention BYND + +EDIT3: Maybe someone can make a script that gives auto gold? Im getting tired of clicking + +EDIT4: Stop upvoting this post, otherwise /all will see it and I will run out of money + +EDIT5: Just ordered a new batch of gold. It may take some time before I reach your comment. + +EDIT6: I'll reward posts randomly now. Too tired of clicking :/ +*I made a throwaway account as you can easily identify who I am on my regular. + +Hello everyone, I hope I’m posting to the right place. As stated in the title, I was kicked out and currently homeless. My mom kicked me out because I don’t agree with her political opinions. She’s very conservative, and I told her that even if I don’t agree with her own opinions, I still respect her. Today hit the breaking point where she told me that Covid-19 is fake, and I argued back. She lost it and told me to find somewhere else to live. I called my dad (they’re divorced), but he isn’t letting me stay with him. + +I am really lost, I feel like I’m at the lowest point in my life and I have nowhere to go. I do have a savings account with $1,500 in it, but no credit and she took my car away. I paid for the car completely but it’s in her name and told me that if it goes missing she will report it to the police. I had a friend come pick me up and take me to work. I work as a manager at a pizza chain making $10.50 an hour, but my paychecks are only around $600, which is hard to live off. + +She didn’t give me my birth certificate, or social security card, and told me I need to “get it myself”, which I don’t know how to. Currently I have plans to stay at a friends house, but I don’t want to rely on others constantly. I am thinking of moving into dorms at my university, which I wasn’t planning on it before as I lived 15 minutes away but now I am thinking of just being in debt for the next couple of years if that means I can have a place and food. + +I need advice, and any is appreciated. I’m sorry if my spelling or grammar is terrible, I’m just a wreck right now. + + +*Edit-Hi everyone, I haven’t replied to comments yet, but I plan on it when I have more time. To those who have been inboxing me/plan to and tell me to “suck it up and stop being a brat” for disagreeing with my moms political opinions. There’s been many years of emotional abuse, and this is just unfortunately the breaking point. You have no idea how someone’s life really is, and all I ask for is to please keep hateful comments to yourself. Or those who have told me to live with my dad, he’s going through a very rough patch, and has recently faced homelessness himself. I cant rely on him to care for me when he barely can for himself. Thank you for all the kind and helpful comments. + +*Edit 2- Many people keep asking where I’m from an I was hesitant to state but I live in Cleveland, Ohio. +Hi all, + +It is my first time posting here and thank you everyone for the great insight into your FIRE's journeys! I am currently evaluating if I should pursue a new job. At the moment I have a very easy job which I am at around \~90 thousands, but due to COVID will be now 4 days a week for \~70K. + +The job is very easy, and gives me lots of flexibility. I have seen other jobs which can probably raise my salary to 100k, but I am inclined to take maybe this year to do some things I wanted and probably learn a few more skills. I am aware there is a big difference between 70k and 100k, but I am not sure if I might regret either: 1) Not pursuing a better income, or 2) The flexibility and peace of mind of an easy job. + +Has any of you sacrificed your salary for convenience or vice versa? I'll be happy to hear any stories! +Everywhere is reporting that Musk now has a "massive windfall that dwarfs any bitcoin losses" due to the sale of the TSLA stock to fund the TWTR deal, and as that deal is no longer going ahead, he's pockets the cash. + +I'm then reminded that some shrewd analysts suggested that the divorces of Bezos and Gates to their wives were actually cover to sell massive amounts of stocks without causing a run on their companies (Founders selling huge chunks of stock usually causes investors to shit it but can be explained away for personal reasons). + +I'm starting to think that Elon knows he's got a tough road ahead, the golden days of Tesla stock price are behind him and he's just liquidated massive amounts of stock at what will seem like a really high price in 10 years from now as all the big car manufacturers finally catch up and dilute Tesla's only real advantage (being first). + +EDIT: wow, RIP my inbox and thanks for all the comments. + +One comment in particular really seems to confirm the above suspicion: + +https://www.reddit.com/r/RealTesla/comments/uelztn/elon_musk_will_be_most_indebted_ceo_in_america_if/i6pobqe?utm_medium=android_app&utm_source=share&context=3 +Hi everyone, + +A few weeks ago, I posted that Chase decided to [terminate my account](http://www.reddit.com/r/Bitcoin/comments/1pzd1a/chase_just_killed_my_bitcoinrelated_business/), and they never notified me as to why they would do this. However, I believed it to be Bitcoin-related. + +Prior to the termination, my business (BuyAHash.com) had signed a deal with Chase PaymenTech for credit card processing, as PayPal was showing some signs of being anti-Bitcoin. Through that process, I asked my contact at Chase if PaymenTech would follow suit and become problematic with us. He advised us that they wouldn't, and that the two companies were separate. + +Turns out, that is a lie. We just began processing credit cards on our site a few days ago. Over the weekend, we were "Flagged" because of some large purchases (ASICMiner cubes for fiat). We went through their fraud resolution process, and today, I got a notice from them stating that our account would be terminated on 12/30. + +Furious, I called up both the analyst at Chase that was doing the investigation, as well as the contact that brokered the agreement (because part of this "Termination process" involves Chase holding $20,000 of sales back in case of chargebacks, as part of their reserve process). + +A few minutes ago, I had the analyst call me back, and (for the first time ever), gave me a very clear statement, which is as follows: + +**Chase has deemed any activity involving Bitcoin as high-risk, and therefore is banned from our company. This includes both selling Bitcoins, and Bitcoin related hardware.* + +This was the direct statement from the analyst. Anything that you may have that is involved with Chase that has ever involved Bitcoins is *not* safe. PaymenTech processes 60% of all US credit card transactions (or so they say), so if you sell anything related to BTC/BTC products, you will need to move your accounts immediately or face termination. The analyst stated that this decision was very, very recent, but is official. He said he's never dealt with this kind of termination. People may be able to fly under the radar if they haven't got flagged for anything, but I am certain that as soon as they review your account, they will terminate it as soon as its convenient for them. + +**TL;DR: Chase looks like its officially adopted an anti-bitcoin stance for merchant/businesses, and deemed them in a high risk category that they will refuse to do business with in the future** + +**Update 1:** Please note that this pertains to *business accounts/merchant processors only*. There are many people that have commented that their personal accounts are fine, despite using CoinBase. If you're a personal customer, you may not be in jeopardy, but as a business, you really should look elsewhere, as I am not the first business to have drawn the ire of Chase. +I graduated from university a couple years earlier than most and in a very high-demand field. I was on a full ride and had no debt on graduation. Suffice it to say, I made a pretty absurd salary from a very young age, low-to-mid six figures. I also was an early reader of Early Retirement Extreme. And though not as monkish as the writer of that blog, his influence was felt and I've been very frugal compared to the people I work with and so have ~1MM in savings, 60% in index funds 40% in bonds. This is the entirety of my assets, with the exception of my mind. Which is, of course, a depreciating asset. I own no property. Expenses are ~60K per year, but this will drop drastically if I leave California. + +Would it be entirely irresponsible to retire now considering how young I am? This seems substantially earlier than most early retirees. If I do do this, is there anything someone retiring at this age should keep in mind? Any of you in a similar situation? +Assuming you don’t overpay or change the length of your term down the line, how old will you be when you finish paying off your mortgage? + +My wife and I currently have a 25y mortgage with 22y left, so we’d be 54 and 49 when everything’s paid off. We’re looking to buy a new house and increase the term to 30y to afford a bigger house (so we’d be 62 and 57). + +I was curious how high other people went. We don’t know if we want to go up to 30y, or see if we can just go back to 25 etc. + +Additional question: overpay mortgage vs index linked tracker fund vs a split of the two? + +Edit: we’re expecting to live there for a fair few years, and remortgage to shorter terms as we go, in line with (hopefully) increased salaries. I was just curious as to what you guys were going for. + +Further edit: + +#Thank you so much everyone for all of your answers! + +It’s been very helpful and insightful! I had a follow on question about mortgage repayment strategies, but it’s a bit protracted so I made a new [post](https://www.reddit.com/r/UKPersonalFinance/comments/ke9ueo/followon_question_whats_the_best_strategy_to/?utm_source=share&utm_medium=ios_app&utm_name=iossmf). + + +**TL;DR:** I've noticed before every upward move in January, March, and June, crypto (most notibly 🅱️COIN) has always had a downward move weeks before. This was also really complicated to format 100 times because it couldn't be posted. Sorry if it's messy now. + +\---- + +Hello apes. This is my first DD posted to Superstonk. I am by no means a Financial Advisor. My brain is half wrinkled, half smooth. It's a blessing and a curse. But anyway, here's my theory. I've compared GameStop, [🅱️](https://emojipedia.org/b-button-blood-type/)coin, and AYYMC all in one chart, because there are correlations that shouldn't exist, but do anyway. *Take a look:* + +&#x200B; + +[Candlesticks represent GME. Orange Line represents crypto word. Blue line represents AYYMC.](https://preview.redd.it/ezn3duwiy9m71.png?width=1905&format=png&auto=webp&s=38316192410f475f87a86780e9b2e0d365fe2f73) + +The past is not a prediction of future events, but I'm a firm believer that history always finds a way to repeat itself. Charts are a great way to see where a stock might go in the future. When you start to see correlation between assets that shouldn't correlate at all though, that's where things get interesting. + +# Let's start in January: + +🅱️**coin reaches it's first all time high at $40,000. Sells off the $33k a week later, then back to $40k another week. The next sell phase we see GameStop start to rise. 🅱️coin continues to fall as GME hits it's all time high of $400+.** + +GME sells off to $40. And 🅱️coin has a fun ride up to $55k all on February 19th. +The next week, GME rides to $185, while 🅱️coin sells off again to a new low of $45k. + +Now if I look at the month alone, I probably couldn't come up with this theory. It could have just been a coinicidence that 🅱️coin went down while GME went up, and the opposite when the sides have flipped. But I've had 8 months of data to look at afterwards, and this is where the theory gets real interesting... + +&#x200B; + +[Credit to some guy on TraderView.](https://preview.redd.it/w0o074jmy9m71.png?width=1423&format=png&auto=webp&s=0873e9cc79c1f27de7d16d2e93bf3998ca6d6db3) + +# And here comes March: + +GME's runup to $350 pokes a hole in my theory that our favorite stock isn't actually related to 🅱️coin. I've dug around the news during the first week to see if I could find anything. **This was a critical point when Elon said Tesla wouldn't accept** 🅱️**coin anymore... And this was also the month 🅱️base went public.** +April and early May, we trade sideways for GME and AYYMC, while 🅱️**coin** heads higher and higher. + +If there's anything I need help with for this DD, it's finding why this is the only outlier in my theory. If you know of anything that could hold this together let me know. + +&#x200B; + +[What am I doing wrong?](https://preview.redd.it/f9hxtoxpy9m71.jpg?width=312&format=pjpg&auto=webp&s=7fc52809754e6a36d7798d537d416d94645ac75d) + +# Late May into a violent June: + +On 05/11/21, 🅱️coin will see it's most violent sell off to date. The asset plummeted from $55k to $35k in just 2 weeks. But during that time, we see GME and AYYMC break that sideways trend and show some life. + +On June first, GME hits $250 again, while AYYMC hits an ATH of $70. GME will continue to rise to $350 while AYYMC bounces from the $40s to $60s. 🅱️coin continues to plummet to $30k. Then the news of Gamestop selling shares driving the price down to the 200s, and more sideways trading commences. AYYMC has a more violent sell off in the coming weeks, but then shows that sideways trend as well. + +🅱️coin hits a yearly low at $30k on July 20th, 2021, roaring upward since. + +# August 24th and onward: + +I've read a lot of great DD's on this subreddit. We all know who [u/Criand](https://www.reddit.com/u/Criand/) is, and I think by far he's put the best picture together for all of us. But take a look at a recent comment he posted yesterday: + +>A few large entities probably control the majority market cap of most coins due to the upwards of 100x leverage they can get through t3ther. $10B initial investment on 50x leverage? Boom. You now basically control all of the coins by market cap with $500B buying power and can manipulate the price at a whim. +It's scary, realizing that the price movements could all be because a select few entities control the vast majority of the coins. Imagine what happens if they fail a margin call and liquidate. Exactly what happened the morning of September 7th, but worse. Phwoom. Prices drop to nothing in minutes. +\-[u/Criand](https://www.reddit.com/u/Criand/) + +The hedgefunds control the crypto. They have to liquidate 🅱️coin to be able to survive being margin called. I don't believe it's a coincidence at all. + +**THIS IS THE REASON WHY CRYPTO TENDS TO TANK BEFORE ANY MAJOR MOVE. THIS IS A SIGN THAT IT IS COMING. In his post about the theory of everything, crypto has ALWAYS tanked in that 15 day time frame highlighted here:** + +&#x200B; + +[Credit to u\/Criand](https://preview.redd.it/qhcvukyry9m71.png?width=2434&format=png&auto=webp&s=9befe009bf0a6c518966140b1510b95957508d9f) + +&#x200B; + +This is not a professional DD, but I tried my hardest to make it as clear and concise as possible. Let me know what you all think. I am not a financial advisor, but my very opinion is that the first domino has already fallen, and it's just a matter of time before the rest do as well. Peace and love apes, can't wait to see the story that unfolds. + +&#x200B; + +[🅱️coin is one of these.](https://i.redd.it/i7ctiissy9m71.gif) + +*This is not financial advice. I am not a financial advisor. I'm just a diamond handed ape holding for life change moolah. Buy. HODL. Freedom.* +Can’t stress this enough and this is something I am also guilty of. Sometimes you have a solid success rate and blow past your goal and you want more. Don’t be greedy, and be smart. Never anticipate and wait for confirmation. Always take profits. + +A simple reminder for everyday traders and a top for the new ones. +The common theme amongst 30 and 40 year olds? It's always they wish they INVESTED into XYZ 10 or 20 years ago. It is always the same fucking regret. Always the same fucking stories about buying this cheap piece of land, this Apple stock from 90s, this AMZ, this TESLA stock. + +Nobody ever fucking says they regret not spending $200,000 instead of $20,000 on a car 10 years ago. Fucking nobody. Those that say $200,000 cars a 'worth it' already have $20 million or more and that's why they spend $200k on gratification and enjoyment. You just made $500,000 or whatever from crypto. You're not on that level. + +Keep investing. Because I'll fucking say it again: No 40 year old ever regrets not spending more money on car and designer suits and shoes when they were in their 20s. +I'm sure many of you out there have been keeping an eye on Tezos, an upcoming Ethereum (smart contract) competitor that promotes some form of on-chain governance and a smart contract language that can be formally verified out of the gate. + +With their ICO coming up soon^^TM, I feel like people need to be made aware of some of the things they've been doing/saying as part of their value prop pitch, if you can even call it that. + +Here are a couple of key bullet points about Tezos (they can come in here and correct these if they are wrong) and what I have gathered about what *they* think sets them apart: + +* They're using ~~OCaml~~ Michelson as their smart contract language and are convinced that it puts them ahead in the game because it has pre-exisiting formal verification tools. +* They think that some kind of on-chain governance is the future. + +However, some red flags have been popping up left and right recently, and I believe everyone considering Tezos needs to made aware of them. + +I have been sitting in their Slack channel for about 2 weeks now -- just observing -- not commenting, and have observed the following things: + +* Tezos devs seem obsessed (in a bad way) with Ethereum +* They have seemingly managed to cultivate this mythical competition (already!) between themselves and Ethereum +* The devs have been quite arrogant, snarky, passive aggressive, and downright condescending towards Ethereum, its tech, and some of the developers of both Ethereum and ERC20 projects +* See here for one example (there are others) of arthurb (the CEO) behaving in such a way: http://i.imgur.com/NFLCDyK.png + +Prior to making this post, I pointed these things out to some of my other trusted friends on here, and they *also* noticed the same things. + +IMO, when it gets to the point that respected (at least by me) people are looking at each other with "did I just read/hear that?!" looks on their faces, you know there is a problem. + +I find the above issues quite off-putting for a variety of reasons: + +* it reeks of insecurity +* it's quite unprofessional +* totally ironic considering Tezos hasn't even shipped anything yet and Ethereum is already 2 years old +* to be *that* obsessed with and focused on another tech / competitor at this stage of their game, is extremely concerning as a potential "contributor" + +Lastly, one of my respected acquaintances pointed out an op-ed by Arthur's wife and Tezos COO, Kathleen Breitman, which reads like a total hit piece on Ethereum (I strongly urge you to read it): https://bitcoinmagazine.com/articles/op-ed-why-ethereums-hard-fork-will-cause-problems-coming-year/ + +There are more red flags in there: + +* the total lack of objectivity (I guess that's why it's an "op-ed") +* citing anti-ETH / pro-ETC people (Aakil Fernandes) and publications (Conidesk) to help build an already biased case +* the simple fact that she dragged up TheDAO 8+ months *after* it happened + +For example: + +> Not everyone agreed with reversing the DAO funds. Many vehemently opposed it. Yet, as events unfolded, it became clear that Ethereum had no structure in place for settling these differences — **no official forum for discussing the events, and no official voting mechanism. Instead, decisions were being made on the fly.** +> +> As a result, the broader Ethereum community was awakening to the reality that **the Ethereum Foundation and its core developers were the ones holding the cards.** And there were clear conflicts of interest: the DAO was founded by former Ethereum developers, and several people in the Ethereum Foundation owned DAO tokens. + +The two bolded lines are straight up lies and/or FUD, as well as much of the rest of the commentary which is based largely on *speculation*. + +Another issue that is of concern and not yet clear to me is whether or not their foundation will be based out of Zug, Switzerland where all the rest of the reputable crypto start-ups are based. I believe currently, Arthur and Kathleen are based in San Francisco / Silicon Valley, CA. + +Lastly, in direct comparison to Ethereum, Vitalik, Gavin Wood, Taylor Gerring, et al., I don't ever recall a time during the early days of Ethereum where they felt so insecure that they need to denigrate other projects. Those guys were (and still are) the ultimate technologists and professionals and have seemingly always been focused purely on the tech. + +Yes, from time to time now that Ethereum is almost 2 years old, Vitalik will have some fun on Twitter. But when things were early and shaky, those guys were 110% focused on advancing the tech and the project. + +Anyway, those are some of my observations about Tezos and their "leadership". Most of it is really starting to turn me off. + +I was going to toss some $$$ their way, but now I'm thinking about passing all together. + PORTFOLIO! Just released a week ago. 600 holders $2,000,000 Market Cap. Liquidity Locked! Portfolio is the token that will take cryptocurrency to the next level! The tokenomics are genius and are unlike any other cryptocurrency in the market. + +The growth of the token does not simply rely on supply and demand but rather the community’s interest in investing into other assets. With a 10% fee for each transaction, 5 % automatically gets redistributed back to the holders in gains for holding. The other 5% goes to a separate wallet that will get converted into BNB and RE-INVESTED into other assets that will have a promising return, such as BitCoin, Real Estate and stocks, helping to diversify a growing portfolio for the investors. Then the profits of those assets will then periodically get redistributed back to the Liquidity Pool. Portfolio is not a token that gives away money or locks money up in a LP wallet, but rather looks to continue to invest money for long term gains in other lucrative markets. + +Holders get paid back 3X with this token: 5% from each transaction, another 5% when the investment wallet is converted to BNB to purchase investment assets, and then again by adding those profits back into the Liquidity Pool. Continuality adding to the LP this way will create a very stable token. + +The first investments purchased will be Bitcoin and Ethereum. Taking advantage of the bear market to purchase the assets low with holders knowing the values are destined to increase. After investing into other cryptocurrency assets, PORTFOLIO will invest into real estate by working with REAL ESTATE INVESTMENT TRUST with the intent to partner with Grant Cardone and Cardone Capital. + +This Token is going to take the world by storm as it is the ONLY token to allow its holders to invest into a crypto that is backed by profitable assets, ran as a business and pays the profits back to the holders! Become a part of an investing community today with Portfolio! The Investors Token. + +🦸‍♂️ First AMA of Many! youtube.com/watch?v=5vxI7yBltds + +🦜Twitter twitter.com/PortfolioToken + +🔥Telegram t.me/PTFLounge + +🌙Discord discord.com/invite/bB2xS9AWZf + +📈Chart - charts.bogged.finance/?token=0x307204863f3bc29D1a874E38aCe62114a8990c4e + +🥞 Pancake swap - exchange.pancakeswap.finance/#/swap?outputCurrency=0x307204863f3bc29d1a874e38ace62114a8990c4e +I feel that it might be a bit of a long shot for Biden to get the new cap gains rates through as he currently has them laid out. (I'm thinking they may end up closer to 28% which would be an easier pill for republicans to swallow) If they do go through my biggest fear is that they are retroactive for 2021...This would crush my finances this year (ALL of my income is cap gains and this year will be mid 7 figures....I would be looking at a seven figure bump in my taxes...ouch.) I am crossing my fingers that it won't go through until 2022 so I can plan asset sales accordingly... + +I'm getting split opinions from financial advisors and accountants. Let's hear your thoughts on when you think they will go through and why... +TLDR: Married, 3 kids, 180k/year combined income before taxes. I have $0 in my account. + +The title says it all. I am married with 3 kids. I am the sole manager of my family's finances. My wife hates looking at anything money related (bills, bank accounts, etc). She has severe depression and anxiety, and grew up never knowing if they would have money for food or to keep the lights on. So the moment she could, she gave me the responsibility of managing our finances and never looked back. If I start talking about budgeting, affordability, etc, she gets too anxious and we have to stop the conversation. + +I won't pretend like this is any one person's fault. Through a series of shared bad finance decisions, we have landed in this predicament and I am not entirely sure how to get us out of it. All my accounts are dead in the water. Credit is maxed. I even took out a personal loan to try and get us back afloat and it didn't work. I spend my entire day with a knot of anxiety in my chest, terrified to open my bank account. I am constantly trying to find ways to cut expenses and save money, but it never seems to be enough. I end up "money hunting" (my term), aka returning purchases, selling things, anything I can to remedy this situation and put some money back in my account to keep us going. + +And it isn't like we don't make a lot of money. Combined income close to 180k/year before taxes. But I somehow can't seem to start getting us caught up. Even if it seems like I start to make progress, something happens and I take a financial hit, and I'm back to scrambling. At this point, all I can do is keep trying. My kids rely on me, and I don't want to let them down. + +I don't want money. Or donations. I want to be able to stand with pride and know that my finances are stable. Any advice is appreciated. +Question please: I have alot of TELUS shares thru my ESP that i have to sell to then diversify in my TFSA and RRSP accts.. is there any formula to calculate the real rate of return once you add in the dividend..guess this applies to any dividend paying stock/etf. +Just as the title says, what are your opinions on it? Do you feel that it's a good buy now? Will it increase the price because of it, since more retail investors can afford to buy it? Any thoughts and comments would be greatly appreciated +I’ve been looking for more info on the dip of $LSPD this week, I can not find any major recent announcements. +Q3 earnings were out a month ago, and it has been quite steady up untill last week. + +The stock went from 100$+ on Feb 22nd, and has dropped to roughly 70$ as of today.. + +Anyone has a bit of info on the reason of this happening ? + + +[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) | [📈 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) | [🤔 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) | [💡 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) | [📰 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) | [🚨 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) | [🏆 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) | [🥴 Misleading Title](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%A5%B4+Misleading+Title%22) + +To filter out CS/DRS posts, click the link or type [\-flair\_text:"💻 Computershare"](https://old.reddit.com/r/Superstonk/search?q=-flair_text%3A%22%F0%9F%92%BB+Computershare%22&restrict_sr=on&sort=relevance&t=all) 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!* +Hello all- + +&#x200B; + +Just general observations here. I recently switched from JPM wealth management to Fidelity non management. The main reason being that JPM has turned into much more of a passive investment and costing me about 70k/yr. All stocks have appreciated so much that it wouldn't make much sense to sell and pay taxes. It equally does not make sense to pay a management fee on nothing being done. + +So today I finally had everything moved over in-kind in order to avoid tax consequences from selling. Have about 10% levered on margin debt which went from 0.7% up to 1.05%, but the AUM fee of 0.65% is now $0. + +Manager went out of the way three times to get me to stay - Lowered fee from 65 basis points, to 40, and then finally to 30. If you plan on staying with your wealth manager I would strongly suggest having the uncomfortable 15 minute chat on leaving unless you can get rates lower. THEY WILL GO LOWER! The wealth management industry is heating up in the last year and become hyper competitive, now is your chance to save some money by renegotiating fee, or asking for lower interest on margin loans if you are going the manager approach. + +Lastly, if you are at 10MM+ at fidelity there are some really cool features that you just have to ask for to be setup. They have an agreement with KKR on IPOs and you can allocate some funds to invest before retail hits it. Only thing is you have to hold for 15 days. +After years of working a slew of 9-5 type jobs for companies that didn't give a shit about me, treated me like shit, and struggling to stay afloat, I took a leap of faith last November and started my own cleaning company. I promised myself that I would do whatever I had to to stay out of the toxic environment that is so common in the workplace and prioritize myself. + + +Started out with 2 clients, I was only working a few days a month and needless to say we were struggling more than ever. I was tempted more than a couple times to break my promise to myself and just go out and get another job just to make it easier on us. If it wasn't for my SO encouraging me and reminding me that I'm working towards something great, I know I would have caved. Its one thing to struggle when you have no other option, but in this situation I was fully responsible for why we were eating Ramen in order have gas money till next payday, and it ate me up. + + +Well, It finally happened! + + +In the past 2 weeks I've acquired 4 new contracts for vacation homes in a very expensive neighborhood, and as of right now my schedule is pretty much full for the rest of the summer. I'll be making no less than $25/hr with a $100 minimum. + + + +I feel as if this sub will appreciate the burden that has been lifted after so many years of struggling. I went grocery shopping yesterday and instead of dealing with the strict budgeting (still have a budget, just not as tight) that used to make even thinking about a trip to the store stressful, I just got what we needed and left. It was one of the most liberating experiences. +As title indicates I’m starting new job, pay cut is around $30k a year and basically wipes out my ability to save for the next 24 months. + +Im 35M in Sydney, I feel comfortable that a pay-cut won’t hurt my day to day lifestyle, and the compound growth on investments will continue to take care of itself. But I won’t really be saving much on top anymore. + +I’m pretty nervous. I’m aware I’m forgoing a sizeable chunk of change($70k ish) in the next 3 years. I’ve rationalised it as an investment in myself, but not convinced of the value. +Has anyone done something similar? If so, how did you find it? + + +[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. Please keep ALL conversations contained to Gamestop and related topics. + +**Not enough karma?** Here's a [**quick guide**](https://zapier.com/blog/how-to-get-karma-on-reddit/) on how to get it. + +# [announcements](https://www.reddit.com/r/Superstonk/wiki/index/announcements) + +* Make sure to check the Announcements regularly. Large updates will be made as posts using the [**Red Seal of Stonkiness**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22%F0%9F%99%8C%F0%9F%92%8E%20Red%20Seal%20of%20Stonkiness%20%F0%9F%92%8E%F0%9F%99%8C%22) or [**Moderator**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22%F0%9F%9A%80%20Moderator%20%F0%9F%9A%80%22) flair, but smaller updates will be listed in the Announcements. + +## 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. + +|[**Daily Discussions**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22DAILY%20%F0%9F%93%8A%20Wrinkle%20Brain%20Think%20Tank%22)|[**DD**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22DD%20%F0%9F%91%A8%E2%80%8D%F0%9F%94%AC%22)|[**Possible DD**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Possible%20DD%20%F0%9F%91%A8%E2%80%8D%F0%9F%94%AC%22)|[**Discussion**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Discussion%20%F0%9F%A6%8D%22)|[**Question**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Question%20%E2%9D%93%22)|[**Education/Data**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Education%20%F0%9F%91%A8%E2%80%8D%F0%9F%8F%AB%20%7C%20Data%20%F0%9F%94%A2%22)| +|:-|:-|:-|:-|:-|:-| +|[**News/Media**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22News%20%F0%9F%93%B0%20%7C%20Media%20%F0%9F%93%B1%22)|[**Mega Threads**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22MEGA%20Thread%20%F0%9F%92%8E%22)|[**Fluff**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Fluff%20%E2%98%81%22&)|[**Meme**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Meme%20%F0%9F%A4%A3%22)|[**HODL**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22HODL%20%F0%9F%92%8E%F0%9F%99%8C%22)|[**Opinion**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Opinion%20%F0%9F%91%BD%22)| +|[**Art & Writing**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Art%20%26%20Writing%20%F0%9F%8E%A8%22)|[**Stonky Pets**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Stonky%20Pets%20%F0%9F%90%B1%E2%80%8D%F0%9F%91%A4%22)|[**Shitpost**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Shitpost%20%F0%9F%91%BE%22)|[**Superstonk Bot**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22%F0%9F%A4%96%20SuperstonkBot%22)|[**AMAs**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22AMA%20%F0%9F%8F%86%22&restrict_sr=1)|[**Moderator**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22%F0%9F%9A%80%20Moderator%20%F0%9F%9A%80%22)| +|[**Social Media**](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Social%20Media%20%F0%9F%93%B2%F0%9F%A6%9C%22&restrict_sr=1)|||||| + +# important links + +[**SuperstonkBot is now live for anonymous posting**](https://www.reddit.com/r/Superstonk/comments/mtc3rb/superstonkbot_is_live_whistleblowers_welcome/) (with review) + +**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) + +Please review the [**Superstonk Rules**](https://www.reddit.com/r/Superstonk/wiki/index/rules) before commenting or posting on r/Superstonk. + +*Daily discussion threads are created at 4:00 a.m. EDT* +I can't even get anyone to upvote any of my posts or comments even when I hold a proper conversation with someone on this sub. I'm not salty, I'm genuinely interested. Do these people just post on this sub 24/7 or what??? + +Edit: thanks for the award(s)!!! +https://www.restaurantbusinessonline.com/technology/grubhub-uber-postmates-accused-antitrust-violations + +A lawsuit filed this week by a group of restaurant consumers accuses third-party delivery companies Grubhub, Uber and Postmates of antitrust violations resulting in inflated menu prices. + +The class action suit alleges that high commissions charged by the platforms force restaurants to charge higher prices. In turn, the platforms’ strict pricing restrictions essentially lock in those prices across the board. + +The result, says the suit: “Any restaurant using any defendant’s platform charges all of its customers supracompetitive prices.” + +The three platforms named in the lawsuit made up 54% of third-party delivery sales in May, according to consumer analytics firm Second Measure. DoorDash accounted for most of the rest, with 44% share. + +Earlier this week, Uber acquired Postmates for $2.65 billion in stock. + +The lawsuit zeros in on pricing restrictions known as most-favored-nation provisions (MFNs) imposed by the three platforms on the restaurants they work with. The MFNs, to varying degrees, prohibit the restaurants from charging lower prices through other channels, such as competing ordering platforms or the restaurant itself. + +“Grubhub and Uber’s MFNs thus effectively fix the end price that consumers pay when they order through restaurant platforms,” the lawsuit says, limiting competition and creating higher menu prices for consumers. + +DoorDash, which does not use MFNs, is not named in the lawsuit. + +“DoorDash’s ability to compete with defendants without such MFNs is proof that such restrictions are not necessary,” the lawsuit says. + +Uber, Grubhub and Postmates did not yet respond to requests for comment. + +The suit was filed Monday in the Southern District of New York. The plaintiffs—Philip Eliades, Jonathan Swaby, John Boisi, and Nathan Obey—are residents of New York City who have ordered food via the defendants’ platforms. + +Get today’s need-to-know restaurant industry intelligence. Sign up to receive texts from Restaurant Business on news and insights that matter to your brand. +https://www.cnbc.com/2022/02/15/airbnb-abnb-earnings-q4-2021.html + +>Airbnb beat Wall Street estimates on earnings and revenue in its fourth quarter, as the travel company continued to rebound from the Covid-19 pandemic. + +>The company’s stock jumped more than 7% in after hours trading. + +>Here are the key numbers: + +>Earnings per share: 8 cents vs. 3 cents expected in a Refinitiv survey of analysts +>Revenue: $1.53 billion vs. $1.46 billion expected by Refinitiv +>Airbnb expects first-quarter 2022 nights and experiences booked to significantly exceed Q1 2019 levels. It estimates revenue to fall between $1.41 billion and $1.48 billion in the first quarter of 2022, topping analyst estimates of $1.24 billion. + +>The company reported 73.4 million nights and experiences booked in the fourth quarter, down nearly 8% from the prior quarter and missing estimates. Analysts were expecting 74.96 million nights and experiences for the quarter, according to StreetAccount. Still, the figure is up 59% year-over-year, when the Covid-19 pandemic weighed heavily on the travel industry. + +>Airbnb said in its fourth-quarter letter to shareholders that it has rebounded quickly from the impacts of the pandemic. The company said the negative effects of omicron on bookings and cancellations were lower than it experienced with the delta variant. Gross nights booked in December were up more than 40% compared to 2020, the company said. + +>“Despite the continued near-term uncertainties, we see evidence of strong pent-up demand: as of the end of January 2022, we had over 25% more nights booked for the summer travel season than at this time in 2019,” the company wrote. + +>Revenue for the fourth quarter came in at $1.5 billion, up 78% year over year. Airbnb reported $55 million in net income, its first Q4 profit. It’s a decrease from the prior quarter but a huge improvement from the $3.89 billion net loss it posted in Q4 2020. + +>Gross booking value, which Airbnb uses to track host earnings, service fees, cleaning fees and taxes, totaled $11.3 billion in the fourth quarter, slightly over Wall Street estimates of $11.08 billion, according to StreetAccount. + +>Average daily rates rose 20% from a year ago to $154 in the fourth quarter. + +>Airbnb has spent much of its time focusing on a sort of “travel revolution,” as remote work becomes a more permanent option for many across the U.S. + +>As a result, Airbnb said average trip length during the past two years increased by about 15%, with stays of more than seven days now representing nearly half of all gross nights booked. Meantime, long-term stays of 28 nights or more continued to be its fastest-growing category by trip length. Those extended stays accounted for 22% of gross nights booked in the fourth quarter, up 16% from Q4 2019. + +>The company said it had its greatest number of listings yet, but did not provide a figure. + +Shares are up 5% in AH. + +Personal take: I personally remain bullish on Airbnb, and I think they are one of the companies that will strongly benefit from a post-Covid travel surge worldwide. + +**Disclosure**: [I have long positions in $ABNB](https://www.wealthly.com/share/7LEA64) +Which course did you take? How long did it take you to master your strategy? Was it worth the price? What would you recommend for someone who has been in the trading game for a couple of months? +I'm new to trading and I'm trying to wrap my head around the fundamentals. I always see people say "never risk 1-2% of your account". Say if you have $100k and are trading stocks, does this mean: + +1) I'm only purchasing $1-2k per trade and risking the entire amount + +or + +2) I am buying $100k worth of the stock and setting my stop loss so that I will only lose $1-2k + +Being new to all this I realise that could be oversimplifying things and have it completely wrong. Happy for anyone to impart some wisdom on how the risk ties in with position sizing! Cheers +He exercised his call options. + +On top of that, he bought 50,000 more shares. The guy has *quadrupled down.* + +His last two tweets (the final ride and the ape/cat hug) indicate that he’s bought what he intends to buy and won’t be tweeting or updating anymore. It’s just a waiting game now. Sad, I know. 🥺 + +Last but certainly not least, he posted his update at exactly 4:20 and has tweeted exactly 69 times this week. + +*Fucking legend* +It’s pathetic to me browsing subreddits and seeing post after post talking about how XYZ is forming a double zenith ultra harmonic convergence and is about to break out to the moon when in reality there is no merit to this “pattern” whatsoever and the stock continues to move with randomness. + +It’s even more pathetic when WSB tries to use TA, something that predicts movement based off of *patterns*, on GME, a stock that has had a completely unprecedented rise and is solely governed by sources such as news, tweets, hedge funds and market makers. + +I physically cringe anytime I see “DD” that involves a chart and every time I do see one, I instantly discredit the entire post. There have been many studies that prove the natural randomness of the stock market overshadows any patterns and predictions that could be made and your chance of predicting a stocks movement off of TA is basically that of a coin flip. Fundamental analysis, news and the current trend and sentiment of the market are infinitely more important for predicting a stocks immediate movement than TA could ever be. + +The only glimmer of credibility I’d be willing to give TA is scalping but even then 90% of daytraders lose money so id say it’s not even paying off for them well in that regard either. + +What it feels like to me is TA is a “noob trap” that attracts people who are new to the stock market because it makes them feel like they know what they are doing and they want an excuse to just gamble away their money. I’ve noticed a lot of YouTube channels prey off of people thinking they’re some God of the stock market for employing TA and it gives them false credibility when in reality they’re just guessing as much as anyone. Like some fake scam psychic tarot card reading shit. + +Not really looking for anyone to change my mind, I just had to get this out of my system although I’m curious to hear others’ thoughts. + +https://www.reddit.com/r/wallstreetbets/comments/lw7z8v/update_gme_broke_through_the_pennant_next_stop_is/ This post gave me a near aneurism. +Waking up to a story about the airlines shutting down thousands of flights and the futures are up - + +The FED will start to “taper” or stop spending billions/trillions to pump up this market - this stock market is so disconnected from the real economy… + +Once they stop spending this market is gonna crash like 1929… right now they are Painting a picture for the American people so they hold on their shitty SPY etf… + +Once the fed stops their pumping with fake money from thin air this market is gonna crash 70 pct…. + +If J POW stops buying securities this is Probably the catalyst and it could be this weeek…. + +This is just my opinion man… +I am woman in mid 40s. I have worked in Finance/IT Investment/Super field for more than 20 years. I started more than 80K in my early 30s which was more than 10 years ago. However when my kids came along I decided to slow down/ take back. Currently working as Business Analyst. + +The current company I work for used to be a subsidiary of one of the big 4. Now we are becoming independent. I am working in this company for more than 10 years. I have done different roles by applying internally. + +Now my kids are bit grown up. One in Uni and other in High school. I am feeling a bit stuck at my current role. I am only getting 90K salary. + +The job used to be low stress but now we are short staffed so I am finding myself working long hours. Working from home after Covid means I can’t just switch off (I need to pick up kids from daycare excuse not available.) + +I am thinking if I have to work long hours then I may as well get paid more for it or at least get alternate time off. + +I am comfortably well off. So I don’t really need extra money. Off course I won’t say no to extra money. + +Please give me some suggestions +I closed my Paypal account a few months ago (after 20 or so years) because I was charged by someone for a subscription full two weeks after it was canceled, I had a dated cancellation confirmation email from the vendor attached to my dispute, and Paypal ruled in their favor claiming that I didn’t provide the proof of cancellation. The proof that I could see attached in their own system to the very dispute record that they were referring to. The payment was made with a bank account. + +I tried to elevate the issue and kept receiving the same verbatim response from supposedly different CS agents. Either they did not read my messages at all, and just kept copying the same original response, or this was all just (very dumb) AI bot posing as customer service. No real person to talk to. No replies to Facebook messages. It’s like there was no one alive left at PayPal. Oh, and crashes, crashes, crashes galore. + +Took me almost a month to close my account, too. At some point they ”elevated“ my account to Business without my consent, and created Paypal credit account linked to it. All as an unsolicited “courtesy“. + +Well, turns out you can’t close your PayPal account without closing the Credit account first. It took two separate phone calls to close the Credit account (luckily I was able to talk to a live CS agent there). Still couldn’t close PayPal. Then it took over two weeks, and multiple phone calls, to figure out that for some reason the closing of PayPal Credit account was not being reflected in Paypal. This is where I finally got lucky, as the last PayPal Credit CS agent I talked to actually followed through and corrected it. (Took almost another week). + +This was just an unbelievably frustrating ordeal over what should have been a clear cut case. Something is seriously wrong at PayPal. It’s almost as there’s no people left there. + +If you have to use PayPal, don’t use your bank. Pay with a credit card. I’ve had a number of credit card disputes over the year, and it was a completely different experience. +Respect to those who hold, even when times are getting harder, friends and families don't understand us. Criticize or are fearful of our confidence. + +We are warriors, facing lies and fud for most of our lives, we are the ones who have always suffered manipulation, abuse. + +Hold strong for the heart and the rock that we are together, only together us ape strong. + +Edit: thanks for the love! + +💎 💓 +Not sure if this was posted on here recently as im fairly new to the page. +Does anyone else here think Tesla is out to lunch on its valuation? +It has a greater market cap than the next 10 car manufacturers combined. And sells 1/50th the amount of the combined vehicles. I understand they have other products (charging stations, home battery packs, solar panels etc.) but I dont believe those products really contribute as much to its current value. I dont think its exactly a bubble with its future potential possibly being its current valuation, but other than the hype I'm having a hard time believing in the numbers at the moment. +*TL;DR since some are overlooking the main point: The subreddit's purpose was never anything other than a wide-open door for anyone who felt this would be a better fit than personalfinance.* + +After yet another debt-free pic-post has made the natives restless, I'm seeing a lot of definitive statements about why this subreddit was created and who is meant to post here. I live in poverty, advocate for those who live in poverty, and some of my freelance work revolves around poverty-related topics, so I thought I'd offer my uninvited opinion in the form of a post instead of a smattering of comments here and there. + +As I said in a recent comment, poverty has a very real, very visceral, and very painful meaning. I was part of some of the early Discord discussions about how to shape this subreddit; I was very critical of the casual use of the word "poverty" even though I supported an inclusive setup. Poverty can mean more than literal financial poverty, but its primary meaning *is* an inability to sustain sufficient resources for basic needs. + +I cautioned the then-nascent mod team that extremely downtrodden people who might be dealing with a host of traumatic experiences were going to flock to the name of the subreddit. Not having a strong understanding of chronic, classically defined economic poverty would mean they wouldn't be able to recognize stigmatizing tropes and gaps between the stated intent and the practical application of the guidelines and rules. + +In that more recent comment, I also said that those who gravitate towards this sub because they see the name and take it literally seem to feel that a more casual appropriation of the word 'poverty' further marginalizes their experience. Since their existence is already largely marginalized and maligned and lacking in organized community-led outlets, it breeds resentment. + +It's somewhat akin to people going, "lol, I'm so OCD" because they're really bothered by bathroom tiles that aren't lined up symmetrically--as opposed to clinical OCD, where a person can't leave the house until they've touched one specific bathroom tile a set amount of times, and get caught in a loop of repeating the cycle because they're just not sure they touched the tile the *right* way the right amount of times. + +**I say all of this to say, to both the people who live near or below the poverty line and those who deal with an overburdened budget--leave your expectations and assumptions at the door. I've seen a range of comments, like "only actually poor people should post here" to "it's not for actually poor people, it's for working class" and "the name is tongue-in-cheek". With the original intent being so widely defined and the evolution of the community so unstructured, neither side of this very real dividing line is going to be best served by assuming the subreddit is *ACKshually* meant for one sort of income level or another. It was never anything other than a wide-open door for anyone who felt this would be a better fit than personalfinance.** (edited to embolden, since this point is already being overlooked) + +For my peeps precariously rocking it on the no-to-low-to-fixed income side of the federally defined poverty line--we have to create the content we want to see. It's not easy. I'm personally struggling to make a post about how I created a really useful spreadsheet to monitor my welfare eligibility as my income increases (complete with conditional formatting for green-means-good and red-means-eligibility-lost indicators), but it's a divisive idea. While I'm scrappy, that topic brings out some really ugly hate and toxic comments which shakes my faith in humanity and sends my anxiety through the roof. + +For those who identify with the word "poverty" but don't fit classical definitions of such--I'm not saying you're not struggling or that your struggles and successes aren't important and shouldn't be shared here, I'm just saying that it is really frustrating for a lot of users to be in a subreddit called "povertyfinance" and see content that's not very relevant to or entirely disconnected from literal financial poverty. + +And for the love of rising credit scores, post context first and debt-free pics later. +Yes - I know every single downside of owning a boat ... but I'm here in South Florida and I love being on the ocean as does my wife. + + +We are going to shoot a lot below our budget for our first boat down here - thinking 240 Vantage/ 280 Vantage / Outrage Boston Whaler but a bit overwhelmed with the choices. Thought process behind the Whaler is the resale value in 2 years or so if we want to trade up. + +Anyone ever buy down here/ own one of these boats? Must haves for resale/ value / fun? Things we don't need on it? + +&#x200B; + +Thanks! +Hi all, + +So I don't know if this topic was discussed recently (I found a post from [5 years ago](https://www.reddit.com/r/financialindependence/comments/3hpp8z/does_anyone_else_here_feel_like_they_want_to/) ) but when you are calculating your net worth and FIRE number do you want to spend more in the future than you are spending right now? + +In our case we live very frugally, no car, no debt, no useless things etc. But when we are FIRE we would like to buy a camper and travel a bit. Or maybe spend more money on travel? Buy a small house and live there? + +Just to throw some percentages. we save 70% and live on 30% and after FIRE we would like to double our monthly expenses. + +A user from 5 years ago described perfectly how I feel: + +> My idea of FI is to never have to worry about money beyond not being stupid. I'm perfectly fine with being ultra careful with money pre-retirement to not have to feel that way again when I do retire + +Many thanks! +Just wanted to share this as a simple tip to help lessen the impact of Xmas shopping. With a Monzo roundup pot, each transaction is rounded up to a whole pound and the extra amount is set aside in a separate pot. ~~I'm only aware of Monzo that offer this, but wouldn't be surprised if other bank did too.~~ EDIT: others have advised Chase, Halifax, Starling, Moneybox, Lloyds & Nationwide offer this feature:) + +&#x200B; + +My partner and I use a Monzo joint account for all our day-to-day shopping. Since last Xmas, our round-up pot is currently £335.70 which will comfortably cover our Xmas food shopping costs this year. The total figure for 2020 was £300.35. + +&#x200B; + +Hope this is helpful for some people :) +I´ve read that it is planned that proof of stake reward will be like 3% annually. I seriously doubt that this is going to be enough incentive for stakers due to expected ether volatility. What is the point of receiving 3% annually if the staked coins can easily fall more than 20%? The only solution I can think of is to hedge the staked coins, but that also has a cost due to expected volatility. Any thoughts on this? +I'm looking for experiences of anyone with chronic anxiety (particularly social) and depression disorders and pulled the trigger on early retirement. + +Did these problems get worse? Better? 1:1 replacement with new worries and ruminations? + +Were you able to find enough distractions to make up for those provided by the workplace? If you have social anxiety, how did RE affect getting out of the house? + +Background: 43M, single no kids, $1.5MM. I like my job but want substantially more flexible and free time and feel like there's a lot more to life than sitting in a small box under fluorescent lights. Unfortunately, with anxiety, a switch to some kind of flexible consulting gig work would not be an improvement. When I leave, I'm planning to be done forever. + +I don't intend this to be a discussion of when to make the leap, of which there are many threads, nor therapy. +I think it's a pretty safe bet to say that the majority of the users in this sub will never truly achieve FIRE as per the definition in the sidebar. + +While almost everyone will undoubtedly be far better off financially in the long run than the Average Joe, I think that most will find themselves sidetracked for one reason or another before reaching the point where they have sufficient assets to never have to work again for the rest of their lives. + +This is neither a good thing nor bad thing nor a positive thing nor a negative thing, it just is. + +Some people are young and single and don't really know what they want out of life and will chart a new course when they find a partner and perhaps start a family. + +Others will find that they no longer hate their job once they're 10 years in and now have more autonomy and can work on projects they find interesting. + +Some will tire of living an ultra frugal lifestyle. + +Others will decide they prefer a lower paying job that they enjoy rather than grinding at something they hate in their quest for FIRE. + +Some will get fucked by a poor investment choice. + +Others will lose enthusiasm during a recession. + +Others still will lose their highly lucrative job and never find another one. + +And so on. + +And many will just realize that in the end they prefer a life of reasonable spending & saving where they can retire comfortably on time while not having to sustain the cuts required to maintain a high savings rate. + +So if you do wind up 5 years from now looking at FIRE as a dream you used to have, what do you think will have been the impetus for the shift in ideology/life plan? +So the international border will be open to Australians and PRs looking to come back into the country. + +There is supposedly a backlog of thousands. I take it that these Australians overseas are of the professional worker categories? Banking in London, US and so on? And their spouses and dependents. + +What will happen to housing in the next 12 months then? How will the market cater for these people who I suppose won't be living with mum and dad? + + +And they'd need to buy a vehicle too.... + +..while the interest rates are at all time lows. + +Will 2022 be a repeat of 2021? +Check out their partnership posts! + + Tyga + +https://twitter.com/Tyga/status/1400585854750367744 + + Lana Rhoades + +https://instagram.com/stories/lanarhoades/2589662000223445942?utm_source=ig_story_item_share&utm_medium=copy_link + +🍑 **PAWGcoin** is disrupting the viral meme coin market by providing a cryptocurrency that powers transactions between content creators and content enthusiasts of tasteful noods. + +What is **Pawgcoin**? + +$PAWG is building a decentralized community of those who pay homage to developed posteriors of white girls. 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Contract has been audited by TechRate + +Powered by the assets of **$pawgs** around the world. + +**💰TRANSACTION BREAKDOWN** + +⚙️ -10% total transaction fee + +💲4% REDISTRIBUTION TO ALL HOLDERS + +🔋3% MARKETING WALLET + +💥2% ADDED TO THE LIQUIDITY POOL + +1% TO HOOKERS AND BLOW FUND + +📈 **Address** : 0x19B60612F9A93359bca835A788A334D4157E675B + +🥞Available on PancakeSwap + +🍑 $PAWG Content and NFT Exchange + +Our product roadmap is centered around the creation of a platform for content creators and consumers where creators can create and offer exclusive NFTs and NSFW content to their fans. + +All NFTs and content will be available for purchase with PAWGcoin! + +Content Creators will have the tools to upload pictures, GIFs, and videos, determine the amount available for purchase, and have the ability to set a $PAWG price or allow fans to place $PAWG bids on their NFTs. + +📱Telegram Group : https://t.me/pawgcoinbsc +First off, I want to thank you all so much for this community. Absolutely priceless! + +Alright, so I've reached my FIRE number and I've finally put my notice in for my day job. I've been a saver my entire life (I'm 43)... and I have to admit lately I've been having a ton of anxiety about the future. I feel like that will translate into me penny-pinching every dollar once I have no paycheck. + +For those that have FIREd, how have you dealt with the guilt? +Hi all, as per title my daughter has just inherited 60k and I'm wondering where best to put it? +I was going to buy a rental property for her as this is what I do for a liveing, but I'm probably going to wait a couple of years before doing this, in the meantime where shall I invest it for her? +Any advise would be greatly appreciated +I've never considered myself to be super great with money or investing in any sort. I just followed common sense tactics such as don't eat out at lunch during the week or by a new luxury toy when you don't need it etc. +Well last night I was at a pool party with some of my teacher friends when others started chatting about getting a new car and spending half their salary a month on the payment or hiring another maid to clean their house when they have no kids living with them. The list trickled on and on when I realized that absolutely none of them even had an emergency fund! I was the youngest in the group with a meager 11k in savings yet years ahead on savings than people in their fifties! +Many times I would view this sub an feel hopeless about retiring before 60 on my measly 30k a year seeing but seeing others in my career field completely flopping has given me new inspiration to keep my small stack growing. + +Is it really that big of a trend in the professional world where almost nobody saves or is that just my personal experience? I couldn't believe EDUCATORS of all people would be forcing themselves into a paycheck by paycheck situation. +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 +Hi guys- I'm interested in buying a second rental house but have heard so many horror stories (on this sub) about being a landlord or working with management companies that I'm hesitant. I don't trust my experience with my current rental to be the norm because I live next door and the management company has been completely on the ball. I just get a direct deposit once a month and never think about it except for when we replaced a furnace that was 32 years old. + + +As a small business owner for over 10 years I believe I have a high tolerance for "shit happens" and don't hesitate to spend money when it needs to be spent. I also think I am running the numbers well, at least as far as I can tell according to my research and study, and think I can have positive cash flow in the long run. My ultimate goal would be to quit my day job eventually and live off rental income and pet projects I enjoy. + + +Does every single landlord live a life of hell and stress or do some have happy content lives with low stress? AM I seeing a bias because you don't post in places like this when things are good but we certainly do when things are bad? + + +I appreciate your feedback! +Im in NYC and am thinking of purchasing a three family home. It’s $1.25M and I’ve found a broker allowing me to do 10% down (2 loans: a 7/1 ARM @ 4.75 and a HELOC with the first 10 years interest only at 6.5). The mortgage works out to be $6400/month. The building is currently rented with tenants in all three units — collecting a total of $9,000. It’s in pretty good condition and wouldn’t require much repairs. I would ask that the first apartment be delivered vacant and keep the tenants in the others. I’d keep paying that amount myself and put any excess aside. How do I evaluate if this is a good deal? Is the fact that the renters can cover the mortgage enough of a calculation? The cap rate works out to be about 6% but I can’t tell if that’s good or bad. It’s miserably fails the 2% rule (which makes me very nervous) Every broker I speak to tells me it’s a good deal, but not sure how independent they are. My real estate attorney who also invests tells me it’s a good deal but the purchase price is a bit terrifying tbh so I’m just skeptical. The landlord has all the tenants on a month to month - no one has a lease, but I don’t think I’d have a problem finding tenants if someone leaves. It’s my first home/investment property. Am I missing anything? Any and all advice appreciated. I’m supposed to sign in the next day or two but now I’m wondering if the numbers make sense and if I’m doing the right thing. +I know most of you are all either banned from WSB or only active here, but this message is really important to share. I’d share it on WSB if I wasn’t banned for making a GME post. + +I don’t believe in coincidences. There’s no way the mods who have been banning left and right suddenly have a beautiful change of heart and allow GME posts collectively overnight. Now that we are closer to the endgame, hedgie manipulators clearly want control over the narrative again. I fully expect to see photoshopped (or real) gain porn at $1000, “””DDs””” doing Technical Analysis and “”concluding”” that the squeeze is done, pictures of lambos or charitable actions, and a bunch of other tactics to get WSB to paperhand. Not that it really matters at this point because Superstonk owns the float but it’s still important to keep as much rocket fuel as possible. + +Remember: +1. 10 mil is the floor +2. Sell on the way down +3. Don’t sell on way up to cover initial investment +4. Don’t listen to anyone even subtly hinting that you should sell + +Good luck all. + +Edit: WOW. Lots of people saying they were recently banned even today for posting about GME. This confirms that it’s still heavily curated and it’s only the illusion of being allowed. They want to control the narrative! +I am writing a backtesting engine that uses a lot of the same code used by my trader bot. So far, I have only been looking at if strategy is profitable but there I've seen other metrics that are typically reviewed as part of backtesting. Can anyone comment on what these are or point me where I can read more about them. I am having hard time finding on Google what they are. +Looking at MLCO, think this whole Macau thing will blow over and we’ll be back in the $14-15 range by EOY. Would it be better to sell CSPs at $14 or buy calls at $14 for lesser risk and more profit? +Guten Tag to all of you Great Apes around the world! 👋🦍 + +The GME saga continues, and it appears to be getting spicier! Gary Gensler certainly jacked some tits with his message yesterday, and between the RRP holding steady above $1T, the increased margin requirements being rushed into effect, and MACD taking a definitive turn upward... things seem to be boiling over for the short hedge funds, and it seems like we're (once again!) at the start of a very exciting time! I, for one, look forward to HODLing every single share I own while all of you apes also Diamantenhände your shares. The MOASS is inevitable, but it's going to take incredible resolve to HODL as it happens. Remember all of the days that they short-attacked on positive GameStop news. Remember that they tried to kill GameStop entirely; to cash in on the pandemic pushing the company toward bankruptcy. We will not forget and we will not forgive. We will show them the true meaning of "Infinite Losses" + +Today is Tuesday, August 17th, 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: **$162.76 / 138,26 €** *(volume: 985)* +- 🟥 115 minutes in: $162.20 / 137,79 € *(volume: 951)* +- 🟥 110 minutes in: $163.81 / 139,15 € *(volume: 890)* +- 🟩 105 minutes in: $163.95 / 139,28 € *(volume: 875)* +- 🟩 100 minutes in: $163.56 / 138,94 € *(volume: 775)* +- 🟩 95 minutes in: $163.41 / 138,81 € *(volume: 774)* +- 🟩 90 minutes in: $161.79 / 137,44 € *(volume: 767)* +- 🟩 85 minutes in: $160.75 / 136,55 € *(volume: 546)* +- 🟥 80 minutes in: $160.48 / 136,32 € *(volume: 465)* +- 🟥 75 minutes in: $163.13 / 138,58 € *(volume: 343)* +- 🟥 70 minutes in: $163.17 / 138,61 € *(volume: 343)* +- 🟩 65 minutes in: $163.41 / 138,81 € *(volume: 323)* +- 🟩 60 minutes in: $162.70 / 138,21 € *(volume: 320)* +- 🟩 55 minutes in: $162.63 / 138,15 € *(volume: 320)* +- 🟥 50 minutes in: $162.60 / 138,12 € *(volume: 320)* +- 🟥 45 minutes in: $162.70 / 138,21 € *(volume: 307)* +- 🟥 40 minutes in: $162.75 / 138,25 € *(volume: 305)* +- 🟥 35 minutes in: $162.81 / 138,30 € *(volume: 249)* +- 🟩 30 minutes in: $162.90 / 138,38 € *(volume: 246)* +- 🟩 25 minutes in: $162.82 / 138,31 € *(volume: 191)* +- 🟥 20 minutes in: $162.81 / 138,30 € *(volume: 191)* +- 🟥 15 minutes in: $162.98 / 138,45 € *(volume: 39)* +- 🟩 10 minutes in: $163.03 / 138,49 € *(volume: 34)* +- 🟥 5 minutes in: $163.01 / 138,48 € *(volume: 33)* +- 🟥 0 minutes in: $163.07 / 138,52 € *(volume: 15)* +- 🟩 US close price: $163.93 / 139,25 € *($163.00 / 138,46 € after-hours)* + + +*** +FAQ: I'm capturing current price and volume data from German exchanges and converting to USD. Today's euro -> USD conversion ratio is 1.1772. I wrote and maintain a C# application that assists me in fetching this data and updating the post. If you'd like to check current prices directly, you can check [Lang & Schwarz](https://www.ls-tc.de/de/aktie/gamestop-aktie) or [TradeGate](https://www.tradegate.de/orderbuch.php?isin=US36467W1099) + +Diamantenhände isn't just a thread on Superstonk, it's a community that gathers daily to represent the many corners of this world who love this stock. Many thanks to the originator of the series, DerGurkenraspler, who we wish well. We all love seeing the energy that people represent their varied homelands. Show your flags, share some culture, and unite around GME! +Hey guys, I am very new to this sub, but first thank you for all the information you have shared, I have been going through here and just learning so much. Anyways, I'm approaching 30, finally have a grown up job and I'm making good money. Ironically all my life I havn't made a whole lot of money, but always have spent it all and now I finally I'm making good money and I no longer want to spend a single dollar. So I am starting a 401K and an IRA and have been looking at my spending for the first time in my life and realized I am spending close to 2k a year on coffee and I am blown away, because $5-6 a day doesn't seem like a big deal, but it adds up. Anyways, I am sure you guys knew that, but my eyes are opened and I'm excited to start saving that money +I'm not completely new to forex, I've bought some courses, blown some accounts, the usual. +I'm now starting at zero. The problem I'm dealing with is setting up a strategy. Having consequent rules for an entry and exit. I just can't seem to get it right. My old strategy led me to taking one trade a week with minimal profit, because it had way too many criteria for entering a trade. +After that I said fuck it, entered every trade setup I saw and made 2k in a day. Wow. It's that easy? Fuck risk management too. Lost 2k the next day. +I can't seem to get it right. My entries are sometimes amazing, zero drawdown. Sometimes hundreds of drawdown, I can't close the trade - don't want to accept the loss. The biggest problem is that I don't have a strategy I 100% trust in. But how to set that up? I've bought so many courses now, their strategy doesn't work for me. I want to set up my own strategy but obviously never really done that before. Can y'all recommend anything, books, videos to help with that? Would be much appreciated +Hello everyone! + +I'm currently looking into learning as much as I can about FX before actually trading. + +I've met with people who are a part of iMarketsLive and they said its a great place to learn and get started but I also feel like this might be a thing these members say to get you to join for commission or something? + +I'd like to learn what are trusty brokers that allows trading with US and would love to know where I can get started with basics on FX trading in general. Books, videos, free websites anyone knows that could help me learn would be amazing! + +I'm mostly doing this to educate myself and hopefully make some money on the side! + +Hope to learn a lot from this community! +that quote is from this website + +[https://www.dailyfx.com/forex/fundamental/article/special\_report/2015/06/25/what\-is\-the\-number\-one\-mistake\-forex\-traders\-make.html](https://www.dailyfx.com/forex/fundamental/article/special_report/2015/06/25/what-is-the-number-one-mistake-forex-traders-make.html) + +If this is true then why don't traders just do the opposite of what technical indicators and analysis would suggest? +Mostly looking for Dividend / Growth long term holdings that are still selling for a good price. + +My Two Favorites right now are Allied Reit (AP.UN) and Fortis ([FTS.TO](https://FTS.TO)) + +Let me know if you have good canadian value plays in this expensive market. Cheers +On this momentous occasion, congratulations go to SHFs, MMs, banks, shadow banks, FINRA, the DTCC and the SEC for not enforcing its own rules. + +The 1% would also like to give these prominent institutions much deserved accolades for supporting & enabling their opulent way of life. + +https://us.transparency.org/news/new-index-ranks-us-1-in-offering-financial-secrecy-to-the-criminal-and-corrupt/ +Hope this is ok to post and is close enough to personal finance. + +https://www.bbc.co.uk/news/uk-england-essex-59069662 + +Vaguely interesting article. Guy is working away from home for an undisclosed amount of time. While he is away, someone steals his identiy via DMV driving licence, and sells his house. Police weren't interested, claiming it was a Civil matter, but then may get involved via fraud enquiry. + +The bit which is confusing me is this statement in the article: +>Once the house was sold to the new owner for £131,000 by the person impersonating Mr Hall, they legally owned it. + +Can anyone explain that to me? How is it not some sort of variation on stolen goods, and the person who bought the house from someone who didn't own it is now out £131k? +I was just browsing medical insurance companies, when I landed to care insurance. They have a plan for around Rs. 15000 and provide insurance for Rs. 1 CR. At the same time they have some other plan which offers insurance for around 20lakh for almost same premium. There are few other companies also which offer insurance for 1Cr. Am I missing something? + +Note: I am not talking about 26/32/56 critical illness insurance. +If we are buying SGBs from secondary market, how long it has to be held inorder to encash it, or what will be the maturity period for the SGBs bought from the secondary market. Is it based on our purchase date from the secondary market or according to the primary purchase? + +If it's the latter, then isn't it better to go for SGB purchase from secondary market rather than primary, so that we can encash it earlier rather than waiting 8 years to get the tax benefits? +An interesting tidbit shared on the /r/IndiaInvestments [discord server](https://indiainvestments.wiki/discord) by A007, that claims can no longer contested post 8 years of the policy. I did some sleuthing and here is the actual [IRDAI circular](https://www.irdai.gov.in/ADMINCMS/cms/whatsNew_Layout.aspx?page=PageNo4157&flag=1) + +The relevant bits + +> After completion of eight continuous years under the policy no look back to be applied. This period of eight years is called as moratorium period. The moratorium would be applicable for the sums insured of the first policy and subsequently completion of 8 continuous years would be applicable from date of enhancement of sums insured only on the enhanced limits. After the expiry of Moratorium Period no health insurance claim shall be contestable except for proven fraud and permanent exclusions specified in the policy contract. The policies would however be subject to all limits, sub limits, co-payments, deductibles as per the policy contract. + +Would make things interesting like how there is a similar clause for Term Insurance ([relevant post on the Wiki about the same](https://www.indiainvestments.wiki/faqs/insurance/extra-premium-term-cover)) +Longtime lurker, first time poster. + +I'm a redditor of the lady variety and I'm looking for some advice about how to navigate the dating waters while trying to find a prospective mate that's open to FIRE. I know there have been a few posts from a male perspective, so hopefully there will be some good advice for me. + +I'm late 20s, making six figures are have been maxing out my 401k & IRA for a few years now. I've got a stable career (albeit a little crazy hours for the next 1-2 years), great benefits, and very possible to retire by age 50, if not sooner. I'm trilingual and have been fortunate to travel quite a bit in the past and that's something I hope to continue doing throughout my working years and into early retirement. I'm planning to buy property within the next 3 years and I can see myself settling down with a partner and maybe having one child or adopting, but that's really a timing thing due to biology. + +So here's my conundrum: how do I go about figuring out if a guy is living within his means, is managing his debt/no debt, is saving for the future and has similar goals to mine... without coming across as wanting to know what's in his wallet? I definitely don't want to come across as a gold digger, or only wanting the finer things in life (re: my past travels and travel goals), but being on top of your finances is a very important part of your life. And at this stage in life I'm not sure that I'm ready to be with someone that is further behind in the game than me. + +Thanks in advance! + +Edit: I would like to thank everyone for the thoughtful and helpful responses. A lot of knowledge in here, folks! +I recently fatFIREd and consolidated most of my assets into a private bank service. Most of my investments are still self-directed, and a small portion of my assets are in private funds offered by them. While I do like those private fund offerings, index funds have served me well so far, and I'm not a big fan of paying high expense fees. + +I'm a little concerned my advisor might think I'm "cheap" by me self directing most of my assets. I don't get pressured into investing in private funds by any means, and my advisor is very clear about the expense fees of the funds he presents to me. + +I remember reading an article that some private banks raised their minimum assets requirements from 5m to 10-20m. Clients who couldn't qualify for those amounts were offered to move to a different tier of service. + +Has anyone ever kicked out or felt like his bank or firm wanted to end the relationship because they haven't invested enough assets with them? +I am a Software Engineer in the early stages of my career (3 years exp, currently mid level). It's really confusing and concerning to me when I read about shortages in tech personnel, and at the same time mass layoffs across the globe. + +What exactly do you think is happening here? A friend's theory: Companies found it hard to hire tech talent, and so they end up hiring everyone they come across regardless of whether or not they need them immediately, only to find out that they have too many employees (+bad economy) and start laying them off. + +Recent mass layoffs: + +\- Australia - [List of companies](https://www.smartcompany.com.au/startupsmart/news/aussie-tech-companies-layoffs/) + +\- Shopify, Peloton, iRobot United States + +\- Shopee Singapore + +\- Carsome Malaysia +Who honestly can afford having kids in todays world? Honestly I think it’s selfish to bring a kid into a society like this. Why would you want your kid to ever struggle financially? There are barely any jobs now. Imagine 20 years from now, there will be zero jobs. Having your bachelors means literally nothing anymore. Hell, having a Masters doesn’t mean anything anymore. The world will never be the same after the pandemic. We have a pandemic and an epidemic of opiate use going on at the same time and workers are all being replaced by robots or machines. Has anyone seen the new Amazon grocery stores? They require ZERO workers. Those Amazon grocery stores are gonna be the biggest trend in 15-20 years and it’s gonna put hundreds of thousands out of work on top of what the unemployment numbers are now. I know this sounds depressing and kinda fucked up but it’s true- I would never bring a human into THIS world, I don’t even want to be here….. +I am quite ignorant on the subject, and would love some enlightenment. All I know is that if Greece defaults on its payments, they would likely get kicked out of the Euro, and then they Euro will skyrocket in value. Obviously Germany doesn't want this to happen because they are an export-based economy. If Greece doesn't default and accepts the bailout will the EU start bailing out other countries like Spain? +A few days ago, one of the world's top ten container carriers in terms of capacity filed for bankruptcy. HANJIN Shipping is South Korea's largest shipping company and its fleet consists of over 200 containerships, bulk carriers, and liquid natural gas carriers. + +Basically, HANJIN had applied for debt restructuring from its creditors back in April in order to avoid formal insolvency proceedings. 5 days ago, they filed for bankruptcy protection at the Seoul Central District Court after losing support from its banks. All of HANJIN's vessels are experiencing access issues to ports globally. Ports and other firms (Vessel leasers, longshoreman, pilot associations, stevedores, vessel crew management agencies, vessel crews, etc) are demanding arrears and prepayments before providing services to HANJIN vessels. + +HANJIN Shipping is the world's seventh largest container shipper and represents nearly 8% of the trans-Pacific trade volume for US markets. By Thursday, three HANJIN container ships were offshore or anchored off the coast of Los Angeles (the US's largest port), a fourth that was supposed to leave remained anchored inside the breakwater. One ship in Singapore has already been seized and as of Friday, 27 ships had been refused entry to ports or terminals around the world. This number will continue to grow sooner rather than later. Also, the crews aboard these vessels have enough food and fuel for a few weeks, but after that they'll run into humanitarian concerns and can be deserter risks aboard their vessels. Leaving their vessels and cargo anchored offshore with no oversight. I imagine this problem will only exasperate as time continues and nobody fills the void. + +When the world market is designed to get goods from point A to point B, on time, at the moment they're needed, what happens now? + +It's been reported that the price per container rose from $1,100 to $1,700 from China to the US West coast as a result. + +There's been a downward trend in terms of shipping rates due to weaker trade and overcapacity. Basically, the shippers built more and larger vessels that were conceived as cost-effective when freight costs were higher several years ago are no longer cost-effective when shipment fees aren't even covering the cost of fuel for the huge ships. + +These ships, with their cargo, whether onloaded/offloaded or waiting to be, are in a limbo status. Think Tom Hanks from The Terminal. Nobody wants to touch them because they wont be getting paid for their work. Right now, there are vessels sitting off coasts with an uncertain future. Cargo worth millions of dollars (hopefully non-perishable), is sitting idle, and manufacturers and consumers will eat the costs. This could go on for months considering the complex legal hurdles related to dealing with every nation's bankruptcy laws around the world that HANJIN's vessels are currently sitting at or en route to. + +As of Monday, 79 Hanjin ships including 61 container ships and 18 bulk carriers have been denied port access, according to South Korea’s maritime ministry. Hanjin has 141 ships, of which 128 are operating. + +Hanjin vessels are currently carrying cargo worth 16 trillion won ($14.5 billion USD) belonging to some 8,300 cargo owners, the Korea International Trade Association said, adding that the carrier has unpaid bills of 610 billion won. + +Hanjin Shipping is part of Hanjin Group, which also owns Korean Air Lines Co., the world’s third-largest cargo airline. Korean Air loaned funds to Hanjin Shipping and bought shares in the container line in 2014 to become the biggest shareholder with 33 percent. The group, which also counts airport services, logistics and mineral water among its businesses, is headed by Chairman Cho Yang Ho. + +LG Electronics, the world's second largest television manufacturer is one customer of HANJIN that is impacted as HANJIN had previously accounted for 15-20% of LG's deliveries to the US. + +HANJIN last year had an impact to the Port of Portland- their ships accounted for 78 percent of the business at Terminal 6, moving 1,600 containers per week, providing about 657 jobs, paying out $33 million in wages per year. They closed their Portland operations last year. + +**Points for discussion:** + +* Is the house of cards falling? + +* Is this a litmus test of the global economy? + +* Will my Christmas presents be more expensive this year? + +* What happens if more shipping companies go broke (even though so many are nationally incentivized)? + +* Why would the South Korean's let it fail? + +Could be a possible shock wave into the markets in the near future. + +Curious to know what others think. I am no global trade expert. +meme for fun [https://i.imgur.com/qvli3vT.png](https://i.imgur.com/qvli3vT.png) + +* Live Nation -26% +* Disney - 18% +* Seaworld -40% +* Six flags -44% +* American Airlines -43% +* Wynn Resorts -25% +* Carnival Corporation -35% +* Royal Caribbean Cruises -41% +* Exxon Mobil -22% +* Avis rental car -50% +* TD Ameritrade -28% +Hi everyone, I am learning how to trade options and been doing Papertrade for 2 months now. On Sep 8th, I **bought twelve 31 PUTs exp 15 OCT 21** for **ELAN at $0.30**. Yesterday I entered a **limit sell order at $0.65**. Weird thing is, when the market opens today, my **sell order get executed at $6.20**, an extremely high price even though it's **never In The Money**. Is this some glitch of PaperTrade or is there an actual reason for this? + + +*P/S: I do PaperTrade on ToS* + +[Buy Order Executed on Sep 8](https://preview.redd.it/1uefo0xgkvn71.png?width=1698&format=png&auto=webp&s=8d78d0c5a97a857a030582f6a9fcbe4b975ebb0d) + +&#x200B; + +[SellOrder Executed on Sep 16 ](https://preview.redd.it/x0ny07kmkvn71.png?width=1704&format=png&auto=webp&s=d63513532271841c944b84918edd198f9cf32dce) +https://en.wikipedia.org/wiki/Hillary_Rodham_cattle_futures_controversy + +In 1978 and 1979, lawyer and First Lady of Arkansas Hillary Rodham engaged in a series of trades of cattle futures contracts. Her initial $1,000 investment had generated nearly $100,000 when she stopped trading after ten months. In 1994, after Hillary Rodham Clinton had become First Lady of the United States, the trading became the subject of considerable controversy regarding the likelihood of such a spectacular rate of return, possible conflict of interest, and allegations of disguised bribery, allegations that Clinton strongly denied. There were no official investigations of the trading and Clinton was never charged with any wrongdoing. + + +Rodham later wrote that she educated herself about the market and followed it closely, winning and losing money. By January 1979, she was up $26,000; but later, she would lose $16,000 in a single trade. At one point she owed in excess of $100,000 to Refco as part of covering losses, but no margin calls were made by Refco against her. Near the end of the trading, Blair correctly sold short and gave her a $40,000 gain in one afternoon. In July 1979, once she became pregnant with Chelsea Clinton, "I lost my nerve for gambling [and] walked away from the table $100,000 ahead." +Ok, we all have more time on our hands. + +We can't book flights/vacations. + +We can't shop for cars (in person). + +Work takes up a a few hours a day when we are lucky. + +What bad habit have you developed? I will go with I watch the futures for the couple of hours before the market opens. Never act on it. Can't change it. But I check it like 3 times. + +What habit do you have to break? +hearing it from many successful day traders, they blew up a lot of accounts and lost a lot of money before being successful consistently. But many saw that as “paying their dues” or “the tuition for learning the market” + +So for those of you that are successful now, how long did it take you and how much did you lose before you finally became consistently profitable? + +And if you know this, how long before you finally broke even with all the losses that you had prior to finally being profitable? +The Big Short’s Michael Burry Explains Why Index Funds Are Like Subprime CDOs +https://www.bloomberg.com/news/articles/2019-09-04/michael-burry-explains-why-index-funds-are-like-subprime-cdos +Everybody keeps talking about how they're the best producer in Canada and is praised as having great management and all the rest. Yet at the end of the day it and SU are no better off than any other oil company. They both recently raised dividends by 10+% (I believe). Yet here they are about to go to single digit stock prices. Amazing +[This section](https://i.imgur.com/juO8arh.png) of the Premium Tax Credit (1095-A form) section directs you to add the totals of all 1095-A forms together for lines 33A, 33B, and 33C. However, if you read the [instructions](https://i.imgur.com/hUH73kz.png) for Form 8962, it explicitly says you are NOT supposed to add the amounts together for column B. The column B totals should be the same on all your 1095-A forms, and you should only enter that amount, not add them together. + +When filling out my tax return on CreditKarma, my estimated refund jumped from $5000 to $10,000 after filling out the Premium Tax Credit section. I decided something must be wrong so I took the time to redo everything on TurboTax. TurboTax told me that I actually need to repay about $600 of tax credit. I figured out that the issue has something to do with Form 8962, and noticed Line 11 Column B was massively different from last year so I read the instructions. After entering the correct number, CreditKarma and TurboTax gave me similar results. + +**Edit: they are aware of the issue and according to /u/CreditKarma, it will be [fixed next week.](https://www.reddit.com/r/personalfinance/comments/ew5m0n/creditkarma_tax_instructions_are_incorrect_for/fg2446l)** +**OK LISTEN UP** + +Shorts recognize that we're almost all into our positions now. The outstanding float that isn't held by us is in their possession minus a few defectors on our side and 5-10% held by others. They are going to do EVERYTHING in their power to bring this down. "Like what?" you may ask... + +1. Bot brigade negative sentiment on social media, reddit, etc. (this has yet to be common and could be more prevalent soon - though I have seen some new made accounts posting negative sentiment on GME) + +1. Buying up the shares we don't have, driving up the price... + + a) Hoping to create more liquidity for them by reducing our shares (more defectors as price goes up). + + b) So they can accumulate shares and manufacture large sell offs on volume to create what we saw earlier today + +1. Persuade investors on reddit, social media, etc. that there are other better things to buy that will fuck shorts. Yes, there are plenty. But they want to spread us thin. BB, AMC, etc. are just the beginning. If we sell some of our shares to allocate to these and more that will be mentioned over the next couple weeks, we will lose. We will lose not only our strength in GME, but our strength in any focus of any short squeeze. + +This is a war. We won the first battle and now they know we mean business. But we haven't won the war. They are going to pull shit that we won't see coming. We will be tested and this will not be easy. But we need to understand that if we persevere through this, we will not only come out rich for our early endeavors (because it's still early in this squeeze) but we will have power in bringing about actual change in the way large funds manipulate prices and how they manage risk. It sounds cliche, but this literally is the turning point. This is where we make history. + +tldr; hold, buy more, whatever. Don't fall for their shit. GME 🚀🚀🚀 +With inflation at 3% approx and the majority of savings accounts offering below 3% returns. Aren’t savers losing money in purchasing power terms? + + +Property also “is not as safe as it used to be”, notes Neal Hudson, a UK property market analyst. “We reached the end of an era of capital value growth,” says Yolande Barnes, chair of the Bartlett School of Real Estate at University College London. With low interest rates, house prices can only rise with inflation or if rental yields grow, she says. + +So how and when will we, if ever, get out of this era of low interest rates?? +I had an epiphany recently where I finally REALLY understood how this term (velocity of money) applies and why it can be so powerful. + +I started my real estate investing in 2020 when I refinanced my primary home. We had a chunk of cash and spent about $170k of that purchasing a property off market. We bought it way below market and refinanced $170k back out and it now cash flows $500 per month. + +We then used $130k of that same money to purchase another rental through traditional financing. That cash flows $2k a month. + +About a month ago we got a private money backer which paid for most of the purchase of a property. We put $15k into the renovations and do all the management, and it not makes $1200 a month. + +My point being, I now understand when people talk about recycling and redeploying the same funds over and over again. Would love to hear about other investors who have done this over long periods of time and the effect it has had. +There are lots of Real Estate Investing courses available, but I'm unsure of the quality. One that looks good is the one offered by MIT, I think it's 6-8 weeks long and is online. + +Has anyone else completed one of these? If so, what was your experience like? + +Edit: this is the one I was referring to: https://mitcre.mit.edu/mit-professional-education-certificate +So I was told yesterday that a distant relative of mine passed away. He was in his late 80s so it wasn't unexpected or anything. I had met him only a handful of times. The times I had he struck me as a middle class guy basically. His clothes were old fashioned and a little worn. He drove a beater car. When we went out to restaurants he always ordered one of the cheaper menu items even more so if it was a deal where everyone was paying their own way. He would caution me against wasting money on junk if I was going to buy some cheap souvenir on vacation. + +I commented to the person who told me he had passed away that the last time I saw him he gave me twenty bucks in a red envelope. I commented that this wasn't much money, but I knew he didn't have much so I considered it very generous of him considering I didn't know him well at all. I was then told that the guy had a net worth in the tens of millions of dollars. + +I'm kind of blown away to be honest. I never would've guessed in a million years that he had that much wealth. If I had to guess I would've guessed he was just another elderly person getting by on social security and a government pension (he retired after many years working for the feds). It makes me really re-think some of my lifestyle decisions and makes me wonder how many people we may pass on a daily basis who are far wealthier than we think they are. Just thought PF might be interested in the story. +*A few things to note: +1. This is a free service! +2. Some of you may remember this site from a previous post of mine. I got a lot of great feedback that helped shape tons of dev work since then, and am looking for more feedback now. +3. I just finished out the spam report system as well, which will be greatly useful in protecting the integrity of the data as the system moves forward. Essentially, as users interact with the system and report irrelevant data, the system will learn and get better at determining what it worth taking into account for each security. My hope is that some beta users can help me make the system smarter.* + +Website: **[Quikfo.com](https://quikfo.com/)** +Here's a poster for my thesis on this subject which sort of fuels a lot of the backend: +https://i.imgur.com/RVZxDTP.png + +Basically, I made a system which tracks article headlines & social media posts for the Russell 3000 and some top market-cap cryptos, then keeps track of word association vs next-day performance, and finally uses Bayesian classification to come up with a score for each asset or security, based upon its current headlines, which indicates the likelihood that the price will rise or fall over the next day. + +You can also follow the system on Twitter @myQuikfo, it posts long and short picks every morning at ~8:30am. Please keep in mind this whole thing is in beta though, so when an aspect of my system crashes shit can hit the fan and the twitter may post nonsense. + +The radius of the bubble is the frequency of occurrence of a word, the hue of the bubble is the positive or negative severity (green being good, red being bad). + +The system works quite well so far. Looking back on the SP500, for example, the optimal trading strategy has been to buy at market open and sell at market close anything which is scored >=85. This strategy would have returned ~13.3% trading from 12/1/17 to 2/28/18. + +I'll be building out a full API for developers who want to use this data themselves. An early version is available on the site now with some brief documentation. Please feel free to make use of it and let me know what more you would like to see added to it! + +And yes, I'm aware that some of the positive/negative word associations seem crazy. How can a good word be bad or a bad word be good, one might ask. Well all this does is indicate that when a word appears, it more often than not leads to a specific market movement. One could notice that 'Fraud' is particularly green...perhaps this is because when everyone is talking about fraud, then it's already priced in and may have found a bottom. The question of why can't really be answered by the system, that's more up to the inferences of the user. + +Looking for feedback from the community, please let me know what you think. There is tons of data being collected that I haven't even gotten around to building a front-end interface for. The possibilities are endless and I would love to tailor the project based upon the direction that this, and other communities, would like to see. + +Thank you! +Edelweiss is coming up with a New Fund Offer this month for 'Edelweiss US Technology Fund of Fund' that will be investing directly in underlying JP Morgan US Fund. + +It states during NFO Offer I will be able to buy NAV at Rs 10. Should I buy NAV during NFO in order to earn Capital Appreciation in the future? + +Now I know most NFOs come during bull markets, but there's a very good chance that the long US Bull run could end (Coronavirus, Recession, Presidential Elections, etc) + +So I could very well see my NAV going below Rs 10. + +What do you think guys? + +- Which bank do you recommend for savings account or fixed deposits? +- How's your experience with wealth management services? + For example, you can discuss your experience with Citigold / CitiPriority, Kotak Privy League, DB WealthPro, Axis Burgundy, ICICI Bank Wealth Management etc. + +- What bank offers the best forex rates? + +- Discuss the quality of the bank's mobile apps and the services they offer. + +- How are the lending practices at your bank? Did your home loan / car loan / education loan get approved on time + + Were you required to purchase additional products (like insurance) to avail a loan? + +--- + +You can also ask for a general review of a particular product or services that you have been researching: + +> Is bank X good? Is it recommended for basic services no-frills accounts? + +but please avoid asking for personal advice. + +The discussion is meant for consumption by a broader audience. + +For advice regarding your personal situation (like _My family is pressurising me to take a home loan, what would you suggest?_), the bi-weekly advice thread is recommended. + +Personal advice queries and comments will be removed to ensure that older threads provide sufficient historical reviews on products and services. + +Reviews posted here can be relied upon by newcomers to evaluate customer experience. Please confine the thread only to reviews or requests for reviews of products and services. + +[Links to previous threads](https://www.reddit.com/r/IndiaInvestments/search?q=flair_name%3A%22Reviews%22%20Reviews%20of%20banking%20services%20and%20products&restrict_sr=1&sort=new) +Our entire savings are going towards the 20% down. I’ve put in 7.5k as earnest money. I’m not sure if we should proceed with the purchase. +One option is to back out of the purchase and lose the 7.5k. +Another option is to buy the home to turn around and sell it. The property value has risen significantly since we signed the contract, but I’m afraid we won’t be able to sell in time if we go through with the purchase. +My severance will only hold us until September. I’m expecting our first Mortgage payment to be around October. +Mortgage is roughly 1.5x my biweekly pay. +Wife’s salary is only .75x mine. +Actively looking for jobs in the market while I think through all of this, but I wanted to ask here since my closing date is approaching so quickly. +Any help appreciated. + +UPDATE: (07/30/22) + +Hello all, thank you for your responses and insight. I’ve seen a few different takes in the comments, and appreciate everyone’s feedback. +I wanted to come back and post some updates here, and apologize in the delay in my response, I was working on quite a few things. +Firstly, I didn’t want to reveal the house price, as well as my and my wife’s salary, for fear that it would be too specific and personally identifiable. I know that sounds silly, but my rationale wasn’t the best during my initial creation of the post. +Second, I wanted to thank every message in this thread, as well as all the encouraging DMs that I received. +Third, the numbers and percentages in the original post were based on take home salary, not gross. Our mortgage is 30.35% of our Gross Salary. +Lastly, good news, everyone! I managed to turn the situation around by getting an offer letter before closing, and actually managed to close on the house. Yep - got the issue resolved in the nick of time. +Thank you all for being kind and providing guidance at a time I was struggling. I was reading through all the messages without replying, since I was so stressed out. I just wanted to come back and share the positive outcome. + +TLDR: Landed another job, closed on the house, wanted to thank everyone for their comments. +Once again, thank you! +There have a lot of talks about EV vehicles and renewable energy. What are your thoughts on the recycling sector? I believe the increased demand for renewables is also going to increase the demand for recycling properly. There have been some gas recycling companies, do you have any plays in this sector? +Half vent, half looking for advice. + +I've got nothing left to give. I only have the clothes on my back, and a handful of things in a book bag I cannot part with. I need to come up with money for rent (bound to be homeless soon) and to visit the dentist to figure out why my tooth is killing me. I sold my hair earlier this week to try to make ends meet. I was scammed out of my money. Just cutting my hair brought great inner turmoil and made me question if God did such a thing as a test of due faith as I grew up in a culture where women simply do not cut their hair. I've since distanced myself from this culture, but my hair is something I am still very attached to as one thing I've reclaimed as my own and truly have control over -- yet from what I hear selling your hair, especially if it is natural untreated (no products, no dye) hair, can be worth selling if you know how to. I'll try again once it grows again but looking now all I can do is cry and wonder what my husband would think. I lost him this year to Covid and life has been a downward spiral since. He'd make a joke and laugh at me, smooch my head, and hug me. He'd cut his own hair too with the same kitchen scissors I used, and we'd laugh and laugh and get through this together as we always do. + +I had myself a good cry and now I'm just trying to get myself together and survive one day at a time -- but what else do you give when you literally have nothing left? I was considering selling my eggs, but I can't find any information on how to do so and honestly any sort of surgery really spooks me (I've been irrationally terrified of doctors since a few traumatic experiences with my pediatrician ||involving physical, emotional, and sexual abuse||; at best I have "white coat syndrome" and feel like a nervous wreck the second I walk into a waiting room, at worst I have full swing debilitating panic attacks at the thought of seeing a doctor). I am not sure if my medical condition would allow me to even be able to do so, even if at could overcome this fear. Now looking into selling plasma. As much as doctors scare me getting my blood drawn is something I'm relatively okay with, and if I focus on how much it pays I think I can get through it. The nearest place is one sate over, however, and I don't have the means to get that far right now. +Not sure if this is the right sub, but I was wondering which are the best charities to give to in the UK to help people financially effected by all these Covid lockdowns and restrictions? Or in general how to help? + +I've heard of so many people loosing their jobs and struggling to make ends meet but I don't really know how to help. Are there any good charities that help people in poverty? Has anyone here used a charity that really helped them during these difficult times? +I think it's clear now that the government can't be relied on for reasonable help (how they treated Manchester in the tier 3 negotiatons was disgusting), so I think it's up to other people to try and help out where we can. I can't give a lot but I can give something here and there if it will make a difference. Any suggestions? +It seems like every day, the Dow finds a new ridiculous reason to go up. Whenever I go on Reddit threads, I see everybody saying that they're sitting on cash and that they wouldn't buy stocks at current prices. But stocks are going UP so there must be more buyers than sellers... I find it crazy that Citigroup rose 12% today. So where are all these buyers? If you're buying stocks at current uncertain times, what is your reasoning? I've been pretty bearish but am slowly feeling that I would have better chances of betting in a casino than understanding the stock market +Wass'up, + +I don't get where all this Archegos and Credit Suisse speculations come from here. So, a guy posted a document in the SEC comment section that has surfaced in a legal battle. He posted it in a thread about the necessity to bring transparency to the market. The whole document writes about swaps and what not, but firstly: not a single of those swaps shows to be around GME (unfortunately, I wish it were, but it is just not). So, I don't see any evidence that the swaps do include GME short positions to a greater extent. Fair enough, it MIGHT be, but I don't see any evidence for that in those documents. (GME is mentioned only in a side note and not so prominently that I believe it justifies the attention it is given here) + +Anyway, there's a couple of posts here suggested that those swaps need to be rolled today, or tomorrow or I don't know when. With respect to the swaps that Archegos entered into 1.5 years ago, this is bullshit, for the extremely simple reason that Archegos does not exist anymore. They imploded. Who should roll those swaps? The guy that sits in the office of Archegos that does not fucking exist anymore? By going bankrupt, they defaulted on the contract. + +Or do you think that Credit Suisse is going to roll the swap? Fucking no, they are the counterparty: Their exposure is the hedge to the swap, which is some sort of short position (if they actually did hedge). + +Lemme explain: + +So, Archegos opened some swaps years ago, which means: They went to their bank (e.g. Credit Suisse) and said: "Yo, I wanna be short this stock, but I don't want anyone to know. So, let's make a deal: I short indirectly with you as a counter party, when the stock goes down, I win and you pay me the difference and when the stock goes up, you win, and I pay you the difference. In order to make sure that I can afford that, here's 20% of the sum I am betting on (=the margin). And in 24 months, we will close this contract and whatever is due then, we will settle." Let's say they bet on 1m worth of stock A. + +So, Credit Suisse says: "Fine, let's do that, it'll cost you anyway 2% per month for the amount your betting on." And they go out and hedge their side of the trade (for example, by selling the stock short or other means, like options... or they find a counterparty that is willing to take the other - in this case long - side of the trade). + +So, first month, stock A goes down 10%. Archegos rubbing it's hands, saying: Boy, we just made 10% on 1m, this is 100,000$. And yeah, we will pay the running fee for the swap (the 2%) so 20,000$. Gives them 80,000$ in their pocket. + +What about Credit Suisse? Well... they need to pay Archegos 80,000$, how do they do that? Well.. they hedged their exposure, they are short themselves and just made 100,000$ last month. So, the deal is basically risk free for them. They give Archegos the 80,000$ and pocket the remainder of 20,000$ + +When this swap matures, the positions are closed, Credit Suisse dehedges (e.g. buys the shares back) and everything goes back to normal. Archegos might roll their swap (e.g. create a new swap with similar properties) and the game restarts. In this case, the swap was rolled. + +But what if Archegos fucking explodes in between? Which, by the way, happens to be the fucking case. Well... Credit Suisse is stuck with their hedge. They can't dehedge and make Archegos pay the bill, because they just vanished. Whereas the underlying deal is risk free, it comes with a counter party risk that just blew up. Credit Suisse doesn't need to roll the swap, they will some day need to become risk neutral again by dehedging. But this has nothing to do with terms of the swap, because - unless the swap was taken over by somebody else - it just leaves Credit Suisse with a big pile of steaming shit in their books (like a brazillion securities sold short). + +So the due dates of the swaps do not matter directly. Credit Suisse might or might not have hedged their side of the trade and nobody knows this hedge looks. It might they found somebody for the long of the trade, it might be that they are short the stock, it might be that they bought a shitload of options in Brazil, NO-BO-DY FU-CK-ING knows... at least yet. And you can be sure that this will not surface in the legal battle, because it is between the CFTC and the corpse of Archegos (and the guys that ran that show). + +So, while rolling swaps definitely is a thing, it definitely is not a thing if one of the parties to the contract just blew up, especially if it is the party that closed them in the first place. + +You cannot deduct any roll dates and volume or price movements on the underlying stock (or basket of stocks) for those swaps mentioned in the document, because the counter-party ceased to exist. + +It's a simple as that. + +I am very happy to be challenged on that. + +A very quick lookup on whalewisdom shows that Credit Suisse seems to have a 250k long exposure on GME, which is absolutely nothing. I don't see any other exposures there, however, as we know, some exposure is not reported (e.g. exposure of swaps, which was the topic that the SEC requested comments to very recently, I hope you did, short exposure). + +There are much more interesting positions, like for example State Street Corp with 6.8m shares. State Street is the same group that also runs the ETF XRT, which is oversold all the time and in RegSho for months this year. Their holding corresponds to an exposure of roughly 200m or a 2.22% stake in the float of the company. That is substantial. + +XRT(their ETF) has net assets of $318m, of which 6.6% are GameStop. This means, XRT contains $20m worth of GameStop. + +So, State Street is long the rest (180m$) on GameStop? And runs the ETF that gets shorted to hell and does nothing against it? + +Sure... + +Lemme repeat: Archegos is a fucking mess but in the context of GME, I don't see what role they are supposed to play. Red herring... the eyes should be on other guys. + +&#x200B; + +However: That doesn't mean that those documents are spicy, they are: Archegos lied to their prime brokers and created a financial black hole that is probably sucking up Credit Suisses' (and god fucking knows whose else's) capital. It shows how ridiculous the reporting requirements on swaps are and that it is crazy how easily Archegos was able to just hide their positions. + +All of this is not financial advice. I can't even count how many toes I have, talk to an adult about your investment. + +Cheerio.. DRS. That is all. +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 +Bitcoin apparently sold on the first public exchange, "Bitcoinmarket," on March 17 at $0.003 per BTC. Pocket change could make you a multi millionaire, a day's pay could make you a multi-billionaire. All you gotta do is relive every single second and minute of the past 11 years all over again. The present is not set in stone, you are literally just redoing the past 11 years, but you can redo them however you want to. But everything you know right now, you will know when you magically become your 2010 self. (I.e. you will be aware of the fact that you just traveled back in time.) + +If there are things you have today that are irreplaceable (kids, family, whatever you love) is it worth this risk of those things maybe not happening due to some fluke or twist of fate that changes those things forever, even if you carefully relive your life to try and make them happen again (you know, other than becoming rich as fuck slowly over a decade)? Or was the past 11 years unavoidably painful in a way that not even any amount of money could make reliving it worth it? Or are you ready to go and wondering how anyone could possibly have any problem whatsoever with jumping on this opportunity, what a stupid question? Somewhere in between? + +I personally have fun with this hypothetical because it's the clearest mental exercise of deciphering "how much is your life worth, to you?" in actual dollars I can think of. I personally won't reveal my answer (I have a pretty definitive answer for myself) so as to not taint others' opinions. (But I still find myself occasionally re-asking myself this question....hmmmm....) +Your markets are run by bots. Now your daily threads are too. + +&#x200B; + +This thread is for plans and thoughts prior to the market open period. + +Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +&#x200B; + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share). + +&#x200B; + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/ywAGqfUAQE). +Hi there, +With vml having dropped I was wanting to have another look at this, but there were questions I couldn't really find an answer for (particularly when time strapped and on a phone). I checked out their last investor presentation [url] https://hotcopper.com.au/documentdownload?id=uOMxKKzFkiWRTLKhOROKAxjvTDYL4wy5yhT%2Bv%2BF087FiGug%3D[/url] + +And my key questions were : + +What are the actual contents of dfs? Is it posted somewhere and I missed it? + +Do they have an operating cost for their phase 1? I did a guesstimate a while back (ree info is not common) and it was not very good... + +I made a low price assumption for their non neo reo, anyone have sources that indicate something better? + +Cheers to anyone that can help out +Your markets are run by bots. Now your daily threads are too. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](http://discord.gg/2sQBNuM) +Your markets are run by bots. Now your daily threads are too. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](http://discord.gg/2sQBNuM) +Your markets are run by bots. Now your daily threads are too. + +&#x200B; + +This thread is for plans and thoughts prior to the market open period. + +Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +&#x200B; + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share). + +&#x200B; + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/ywAGqfUAQE). +I'm pretty young and don't have to pay rent. I feel like I should take some risks and invest in safer stocks like VOO only when I'm older. As nice as 10% gains are every year it wouldn't really be worth much if I'm only putting in a few thousand. +**Current situation:** + +I live in a storage room with rotting floors that has made me sick a couple of times this year. I badly want to move. Very badly. I moved into and have stayed in this place because I am able to save $400+ a month. + +*Edit: It appears people think I live in a storage shed or something similar. To be clear what I mean by "storage room," I live in a storage room of an old mobile home. I'm essentially surrounded by boxes but I have space for my yoga mat or whatever it's called (6x2 folding pad). It's my own personal room, so to speak, with carpet from the 80s smelling of old cat piss and shit...I don't know if that's better or worse than people thought, but there you have it.* + +Now I have $4,400 to my name. I own next to nothing: laptop, phone, clothes, mini fridge, 2-burner camping grill, two pillows, blanket, a yoga mat for sleeping, and my car is all I got. But it's all I need right now and it will all fit in my car. + +I have been awarded a federal grant to take a coding bootcamp. It is 4 hours across the state. So, if I do this I will have to move. If I had a tent, I would just try to camp (edit: yeah, everyone is right. Camping isn't an option during the late Fall/Winter; so scratch this idea). + +I am currently reaching out to friends to see if they have friends I could stay with, but nothing has materialized yet (found a friend to stay with! Heck yeah!). + +It's a 16 week bootcamp from late September through January in Omaha, Nebraska. + +I am just trying to brainstorm options because I want to make this happen. + +I am currently in retail sales and hate it. 30 years old and finally getting my life together. + +This could be my ticket out of this entire situation (retail sales and storage room). + +My employer hires software developers too, although those jobs are in Texas, California, and other states more than 1,000 miles from me. Software developers start out at $75,000 base pay for this company and take home is around $99,000-$110,000 depending on bonus. + +Needless to say...I want that, and the job listings say they DO NOT require a bachelors degree in computer science or related. They want to see portfolios though. I am not expecting to get that salary right after the bootcamp, but after a few years I could always try. + +Right now, there is 0% chance I will ever come close to six figures in retail sales. + +Based on my situation, here are my questions: + +1. How do I approach my manager to discuss this opportunity? I would like to ask her if I can just go on non-paid leave while I take the coding bootcamp. Then come back and apply for software jobs within the company. I'm skeptical I'll get anywhere near $100,000, but I could 2-3 years from now with extra training. The problem is, I am asking her to hold a job for me that I expect to leave. Also, I don't want to put myself on bad terms with her because well, I just don't want to do that. Secondary to that is I need her and my direct manager as good references for the future. I don't want to piss her off by asking for a leave of absence during the holiday season. + +2. How much money should I be willing to offer for a room to stay in from friends of friends that I have never met? With only $4,400. I feel like the max I could afford is $200 per month ($800 total). That would leave me with $3,600 for 4 months for food and whatever else (fuel is paid for by the grant). Hopefully I could pay less (or nothing) for the couch to crash on/room to stay in. But how should I manage my money? All cash so I see exactly where I'm at each day? + +3. Is Airbnb even an option for 16-weeks? I don't need much, just a place to sleep. I will be in bootcamp from 8-8 every week day and on weekends I would probably be at the public library doing more research...or mixing in with the other homeless people, lol (not really laughing). + +If it helps, I was hired as a temp and they liked my work enough they created a position for me. The district manager has already said that when anyone of us leave (team of 12 people) they won't hire anyone else because we are over staffed. + +Even if my current employer will not save the job for me, I still think this is a really good opportunity. If I could get to Omaha and take the coding bootcamp, complete it, and get a job, my life satisfaction would be so much higher. Also, the worst case scenario is I am back on the job market for sales, just in a different city. + +What are my options here? From a financial perspective, I think I have to take the chance. + +Thank you for reading. + +Edit: I would essentially use this coding bootcamp as a "foot in the door" and get experience. Then I would try to find employers that have tuition assistance and get my bachelor's degree in computer science part-time while I work full-time. + +Edit 2: RIP Inbox. Wow, I appreciate all the comments. I will get back to them when I can. As for now, I am off to the library for some books and I am checking out Code Academy and Coursera to get a leg up on the code camp. + +**Edit 3**: For those wondering how I got into my situation. Let's simplify it like this: + +* Graduated college in 2011, couldn't find job, first person in my family to get a degree + +* Depression set in, then got out of it. + +* Used my last $600 to play poker in Council Bluffs full time. (Turned that $600 into 12 months of living expenses) + +* Couldn't do poker full time any more because putting rent money on the table got too stressful. + +* Got part-time job where a friend worked, commission cut four times in three years as cost of living rose, good friend and manager died of a heart attack at 28 years old. Kinda got depressed again. + +* Stayed at job moved in with co-worker as commissions were cut again + +* Co-worker caused a bed bug infestation which led to me losing all of my belongings + +* Moved away for better opportunity + +* Didn't find that better opportunity, unemployed from August 2014 to July 2015 + +* Found a part-time sales job + +* Chose to live in a shitty place for $100 a month to save all of my money so I could move to China and teach English. The week of July 17, 2016 I applied for a teaching job in Shenzhen, I found this grant. I saved $4,400 to move abroad and now I have an opportunity take a $10,000 code camp for free because I'm a poor mofo. + +* Posted to reddit. + +* Here I am. + +That sums up my last 5 years of life from age 25-30. + +Edit 4: Unfortunately, I do have debt. $42,000 student loan from the federal government that is on PAYE (pay as you earn). At 6.5% interest it adds on another $230+ in interest each month. Then I have a credit card in collections with $9,200 that I am currently trying to negotiate. It will probably take all or most of my $4,400 to get rid of that debt. Oof! It's my own fault though. + +Edit 5: For those saying I'm an idiot for staying where I am, I appreciate your forwardness of criticism. However, it was either this or paying $600 per month in a 1BR/BA or $400 in a 2BR/BA. If I did that I would either be living straight up paycheck to paycheck or worse. Living the way that I have allowed me to save the money to get out of my situation. Looking back, I could have gotten another part-time job to help build a savings faster. Regardless, I'm in a position to get out of the living situation, and out of the town where jobs don't exist and nothing ever happens. + +**tl;dr: I make piss poor money living in a piss poor storage room with the opportunity to get out of it all by way of taking a $10,000 coding bootcamp for FREE but it's 4 hours across the state. How do I make this work** +Can't afford to lose my job, but alas! i have no control over my general nature. i'm a loner and don't interact much with people, I don't look happy, I rarely smile, not a day goes by when i don't wish that i'd never been born at all. + +I can't even fake being happy; i look miserable all day at work(i'm good at my job, but i'm awfully sad all the time at job). + +Needless to say in corporate world you can't survive on your job skills alone, your general nature matters way too much. + +Boss told me to get fucked, and that i'm bringing down the whole environment of the company with my chronic sadness. + +Is there any medicine that could help alleviate some of the sadness and atleast make me bearable in company. i need the job don't even have $100 saved up. +I graduated last year and realized the reason I still have no job is due to my introverted nature and poor communication skills. Perhaps someone could even relate? I want to develop this skill in any way possible and would appreciate some advice. +After 4 years of hard work, my company went public. Even assuming a big drop in tech stocks, I should do well enough after lockup to leave and do my own thing (will be fatFI but no plan to RE, yet). + +Downside: I’d be forfeiting ~25% of my ISOs, which vest over 2 years. + +I know leaving is right for me, yada yada, but it feels really fucked up to leave so much money on the table when I could just grin and bear it for another two years. + +Those of you that left money on the table to pursue your own business or RE... any regrets? Conversely, anyone happy they stayed on and vested out completely, despite delaying your dreams? Any tips to change my mindset so this is less frustrating to me? +[https://youtu.be/OGk5zymIoBw](https://youtu.be/OGk5zymIoBw) In this video I explain the greeks simply and in under 5 minutes. The point of this is to take a complicated concept and simplify it for people to understand easier. + +The first Greek Delta: Delta Categorically tracks price. Delta has one of the biggest roles in options trading, especially for options buyers. Delta identifies how much the options premium will change based off of a $1 move on the underlying stock. So for example if you buy a call with a .30 delta and the stock moves from $100 to $101 your option contracts will rise $0.30 in value. Delta can also be used to predict the probability of the option expiring in the money. (if you have think or swim there is a preset for this) + +Gamma: Tracks delta's rate of change. If you have a Delta of .30 and a gamma of .05 and the stock moves from $100 to $101 the premium will increase by $0.30. If the stock moves to $102 then the premium will increase another $0.35 because we add delta and gamma together. + +Vega: Vega estimates how much the option price will change with every 1% change in implied volatility. For example if I have a call and the Vega is .04 if implied volatility increases by 1% my premium for the call will increase by $0.04. Many things can cause a move in implied volatility such as earnings reports, political reasons and many more. IV can be a gift or a curse depending on your trade. + +Theta: Measures the amount an option will decrease in value for every day that passes. If you have a theta of -0.06 then the option is expected to lose $0.06 in value everyday. + +Rho: Measures the rate of change of an option due the interest rate changes. If the contract is $1 and you have a Rho of 1.0 and interest rates change by 1% then your contract will change by $0.01 +Those folks who dont have a live-in or everyday help, especially people who live in major cities. Whats the best way to outsource laundry? + +I tried most laundry apps where I live (London) but they do a pretty poor job (recommendations welcome). We have a cleaner coming every two weeks for a few hours and even if we hire her for a few extra hours, its not enough time to do all laundry, dry it and fold it + +This is a never ending chore for us and I’m getting a bit frustrated, happy to hear your solutions +My minimum payment on my car is $253.75/mo but I've been paying $300/mo since I got it. However, looking at the breakdown over the last year I notice that the amount going towards principal ranges from $202 to $218 and it fluctuates each month along w/ the amount towards interest and then the extra of my payment goes towards principal. + +I autopay on the 1st of each month. Does this fluctuation just have to do with the actual day they receive the payment? + +Edit: Thanks everyone for the responses. I am familiar with amortization, being in our 3rd house, but the amount towards principal increases every month unlike my auto loan. It was the responses about daily interest that made sense. I did not intend for this many responses as I normally only get a few. Hopefully others have been helped by my lack of full understanding/forgetfulness on auto loans. I'm not nearly as financial-savvy as many of you but I do thank you all for taking the time to respond. Stay safe out there! +Feel this may be getting overlooked with the recent surge of bullish sentiment. If the TRS roll cycle theory proves correct, steer clear of day trading any related price spike. If the price jumps, there is no guarantee you'll be afforded a lower price point to reinvest any amplified capital. Throughout the year, SHFs have intentionally telegraphed a variety of cycles in hopes apes catch wind. So when these cycles have returned to the surface, some sort of contrarian strategy tries to shake us from the tree. Thus breaking the cycle. This could be their last chance, to rain down a massive correlated bear trap, capturing fear, stop losses, and FOMO paper hands (ref the sexy graffiti lego chart). If the floor falls out from under us, along with the rest of the market sure many lurkers may steer clear. Just another strategy to keep volume at bay for another day (yes I drop bars). As Mayo Boy has always said....time is the one finite resource we have, so don't waste it. They are running out of time, so why extend their shot clock by snagging some low-hanging fruit. Maybe I'm paranoid but feel this idea has already been planted and is beginning to grow roots on the thread. + +There has been one premise that has held and will hold true.... Moass will likely happen when we least expect it. Now don't go getting weak on me when I need you... to HODL! + +"All war is based on deception" - Sun Tzu + +&#x200B; + +As always, this is simply my personal opinion and not financial advice. +Read in the news that Blackstone is raising funds to invest in real estate during downturn. Individual investors can invest with a minimum of $2500. Wondering if anyone invested? +In the recent past, many homes were listed at close to market or slightly below. This often caused a frenzy of multiple offers way above ask. + +Now, I'm seeing a pattern of homes listed a bit above market at the start and then dropping after sitting for a week. The property immediately goes under contract in a few days. I'm thinking this might be a new strategy for creating interest and urgency. Looks like it works. +Be rational, take a breath. I promise you, you will know when it finally squeezes. The key now (and this is mostly for the new apes) is to hold tight, be patient and be fucking emotionless. It is just money, you can make it back and the potential gains from this squeeze outweigh the initial investment by margins you won’t even be able to comprehend. The DD is diamond solid, now your hands have to be diamond solid. We all believe in you. + +This isn’t financial advice, I’m not a financial advisor, I just can’t wait to get a new handicap sticker for my Lamborghini 🐎 + +FUCKING HOLD AND BUY + +&#x200B; + +edit: How do we get this info to WSB? I have the feeling a lot of people are not anticipating it +EDIT: Voting is closed. I took screen shots and will post the selected stocks here tomorrow morning + +EDIT: [Here is the list](http://i.imgur.com/dtkOLM5.png). The highlighted ones are in. +-------------------------------------------------------------------------------------------------------------------------------- + +Hey, + +I have a tonne of time to kill this week and was looking to occupy it with some stocks to value. + +Rather than do it just for me, I thought I would value stocks that /r/investing wanted. + +**The proposal:** + +- Post the company you would like valued. Others vote it up or down. +- The 10 companies that have the most votes by end of day Monday (11:59pm EST on August 3, 2015) are the ones I will value. +- I'll post the results of each valuation in a separate thread by the end of this week for everyone to judge. + +**Rules:** + +- No penny stocks +- No pre-revenue companies +- Less popular is better. I'm not sure what value I can add by being the 10 millionth person to value Apple or Tesla or IBM. Go beyond the "big boys". It'll be more interesting that way. [READ THIS](https://www.reddit.com/r/investing/comments/3fk5u9/i_have_time_to_kill_what_stock_do_you_want_valued/ctpo1ov) & [THIS](https://www.reddit.com/r/investing/comments/3fk5u9/i_have_time_to_kill_what_stock_do_you_want_valued/ctpo82v) +- No Resource stocks. They are reliant on commodity prices and that is something I don't feel comfortable projecting out into the future. But I can take a pass at it if people want + +**My Promise:** + +- Complete Objectivity. I will use only that which I can objectively justify with data as far as possible +- Full transparency. I'll post all my assumptions, thought processes and sources and I'll be around to answer any questions +- A Comfort Rating. I'll rate each valuation from 1 to 5 to illustrate how comfortable I am with the numbers that went into it. For example, a valuation of ConEd would get 4 or 5 because it is easy to know most things about that company great accuracy. it's revenues and margins are regulated and not much is going to change about its market + +Hope this is something people are interested in. + + +EDIT: grammar, many missing words and a re-wording to make things succinct + +EDIT 2: I have no way to police this, but no vote manipulation okay? play nice + +**EDIT 3: Foreign companies are welcome as long as they have filings in English!** I can read some french and italian but it'd be a mess + +EDIT 4: I am silently judging all of you on your comment histories. Some of you are fucked up +Not sure if this is the right place to ask for advice but I'm fuming. + +* I got an email from a video production company saying I had spent \~$900 on a video project. They had all my personal info. +* I immediately wrote to the video production company, asking them what was up and alerting them to the fact that they the purchase was invalid. They wrote back saying they canceled the transaction and refunded the amount. I have the email records. \[Edit: They apparently never actually refunded me. The "refund" was the credit card company initially canceling the charge as fraud before reinstating it when they "found out it was valid."\] +* I also immediately contacted our credit card company and reported it as fraudulent. +* Months later, having forgotten all about it, our credit card company (Chase Visa) fraud department contacts us that they investigated and found that because they had my personal info the purchase must have been valid. I called and fought it, during which they told me that I should send the emails to their fraud department so they could check them but that if they found I was still responsible there was no recourse after this. +* I sent the emails and all contact with the video company, assuming THIS was the end of it. Today I just got the letter from Chase saying they reviewed everything and decided I really did purchase $900 of video projects. + +What recourse do I even have? This feels like Twilight Zone levels of stupidity. I know credit card companies and fraud departments WANT your money so it's incentive for them to decide that you really did spend the money but the reasoning of, "Well, they had your personal info" feels like such a head in the sand reasoning given the current state of "privacy" online. + +&#x200B; + +UPDATE: After digging into Credit Card statements and making some phone calls. + +\-Looks like I never received the refund from the "production company."-Looks like the "production company" that sent the invoice was the original scammer. I got in touch with the actual production company whose name they borrowed and the owner was frustrated and apologetic, this has apparently been happening to him a lot.-Looks like my best next steps are filing a police report and going to the CFPB. + +Thanks all. +Due to the uncertainty of BBB, namely when and/or if it will pass, is anyone else frontloading their megabackdoor space this year to mitigate the risk of in-year policy changes? Any thoughts on the potential utility of doing so? +I'm a single 31 year old journalist at a digital media company, and it's one of the most toxic jobs ever. I work 24/7, I'm stressed out constantly from reading bad news, and live in fear of layoffs as my industry crumbles. + +I've decided to change career paths into something more stable and lucrative in tech such as technical writing, UX or content strategy. I'm so sick of my job and it takes so much time and mental energy that I have this urge to quit ASAP just for mental health, but I'm worried about the time and retraining it would take for me to get a new job in a different field, and concerned I'll be less employable if I have gap on my resume. My question is: should I stay at my current job while I work on skills and try to transition careers? Or am I in a good enough financial position to quit and focus fully on training myself/gaining experience for a job in the new field through freelance work? With my savings I feel like I can swing it for at least a year without income, and that's without ANY new money coming in, which seems unrealistic as I plan on taking one or two freelance gigs a month. + +Finances: + +salary: 65k + +location: medium cost of living location, currently paying $1k a month for rent (share w roommate) + +savings account: 20k + +retirement: combine 401k and roth = 100k + +zero credit card or student loan debt + +What should I do? + +&#x200B; + +UPDATE: wow thank you for all the great responses and DMs, so many people have reached out offering their advice and help. what a great sub +Nippon files a draft with SEBI for the S&P European 350 index fund tracking the S&P Europe 350 TRI. The fund to be managed by Ms Kinjal Desai (currently managing international funds like US opportunities and Japan) and Siddharth Deb (currently managing ETF liquid BeEs). +No date announced for NFO yet. + +[Sebi draft](https://www.sebi.gov.in/filings/mutual-funds/feb-2021/nippon-india-s-and-p-europe-350-index-fund_49005.html) +**Anand Srinivasan(Indian Economist) in his youtube interview keeps saying some of the Indian government bonds are returning 12% a year. Do you guys know which bond he is referring to ? and is there a way I can buy them online?** + Read some time ago that while platforms like [Public](https://public.com/) are gaining popularity in the west. In India, SEBI doesn't allow people to trade on platforms where people can share their portfolio (I might be misinformed) + +Is there a reason for this? Stock manipulation can't be it, right? Otherwise, we wouldn't have all these people on news channels telling which stocks to buy. + +We are anyway sharing similar information on subreddits, FB groups, Telegram etc so what could be the reason for not having an app that brings these two together? +I am new to investing. My first and only trade so far is PVR/INOX since four months. + +Relevant:https://www.livemint.com/industry/media/centre-allows-100-occupancy-at-cinema-halls-from-1-feb-11612026783420.html + +I watched Nolan's Tenet last year and the local theater went above and beyond to ensure social distancing and safety. It was still a stupid thing to do during a pandemic. + +But having watched tenet twice more at home. I dont think the experience of movie theaters in going away ever. I do not think there will be any long term impacts on cinema once the pandemic is over. + +Streaming services today are more fragmented than ever before and new ones are popping up. + +No one here probably remembers Quibi; Streaming service that started in 2020. Signed a whole lot of A list celebrities and actors. It burned through $2 billion in 6 months and shut down. Barely attracting 90K~ users while they hoped for a million plus within that period. +Medium term investments like MFs are heavily fluctuating. Banks are closing down and riddled with NPAs and scams. + +The remedies suggested by Abhijeet Banerjee seem very unlikely in the current scenario. + +[https://scroll.in/article/940476/abhijit-banerjees-prescription-for-indian-economy-stop-pmo-interference-raise-nrega-wages-pray](https://scroll.in/article/940476/abhijit-banerjees-prescription-for-indian-economy-stop-pmo-interference-raise-nrega-wages-pray) + +All the reasons specified in the below link when not to reduce or remove investments from market are satisfied by my investments? + + [https://economictimes.indiatimes.com/wealth/invest/when-should-you-redeem-your-mutual-fund-investments-use-this-6-point-checklist-to-decide/articleshow/71552412.cms](https://economictimes.indiatimes.com/wealth/invest/when-should-you-redeem-your-mutual-fund-investments-use-this-6-point-checklist-to-decide/articleshow/71552412.cms) + +&#x200B; + +Banerjee also states that revival of economy in future seems very bleak [https://economictimes.indiatimes.com/news/politics-and-nation/indian-economy-on-a-shaky-ground-nobel-awardee-abhijit-banerjee/articleshow/71583192.cms](https://economictimes.indiatimes.com/news/politics-and-nation/indian-economy-on-a-shaky-ground-nobel-awardee-abhijit-banerjee/articleshow/71583192.cms) + + [https://www.indiatoday.in/india/story/nobel-prize-winner-abhijit-banerjee-comment-on-indian-economy-1609417-2019-10-15](https://www.indiatoday.in/india/story/nobel-prize-winner-abhijit-banerjee-comment-on-indian-economy-1609417-2019-10-15) + + [https://www.news18.com/news/business/abhijit-banerjee-nobel-prize-economics-says-slowing-growth-a-very-serious-concern-govt-should-not-make-policies-they-imagine-will-work-2345617.html](https://www.news18.com/news/business/abhijit-banerjee-nobel-prize-economics-says-slowing-growth-a-very-serious-concern-govt-should-not-make-policies-they-imagine-will-work-2345617.html) + +&#x200B; + +It seems very tempting to invest more in equity now that economy is in slowdown. But, if there doesn't seem to be any growth prospects what should be done? +Surely they have all the data on us. They could just send us the bill and we'd pay by a due date. + +Would make it simpler for a lot of us and also would reduce CA charges. + +What say? +After doing some research, I wanted to take a stab at the wheel strategy. Decided on NIO as, like many, I see a lot of potential in the company and the EV space as a whole. Started back in October selling the weekly 25 or 30 delta put at the beginning of the week, or sometimes the previous Friday if I was nicely OTM just to get a little extra theta. Obviously I got assigned this week and will now switch to Selling CC’s. My cost basis is at about $40 bucks a share now, so I’m still profitable and looking to keep reducing it. I guess I’m just looking for validation if I am doing this correctly? Even being a meme stock, I think there’s great potential between Biden pushing the EV space and the possibility of global market expansion. Thanks. +I live in Romania but have a Polish citizenship. + +I'm looking for a trustworthy broker based and regulated in an EU country other than Hungary, Poland or Bulgaria, due to dubious rule of law in those countries. + +I have over $400k invested with Interactive Brokers UK but I will not let them transfer my account to their Hungarian entity so after December I will probably not be able to buy through them. Besides, I was thinking about splitting my investments between brokers for extra safety anyway. + +I expect to invest about $200k per year, in quarterly instalments. Generally, I buy 1-3 big ETFs each quarter and plan to hold it for the foreseeable future, so high fees are not going to be an issue for me, as long as they are flat or capped. + +Degiro would be perfect but they don't support Romanian addresses. (And while I could easily pretend to live in Poland, I'm not going to give false information to a financial institution just before sending them my hard-earned money.) + +Searching this sub, people have been recommending XTB (based in Poland) and Trading212 (Bulgaria) but not much else. + +Throw-away account so that I can post all the details above. +Hey all! + +I am an Icelander currently living in Malta. My long term goal is to live and work in several different countries, many of them within the EU. +I am currently using Revolut but it does not seem to offer any options for savings accounts and from what I can tell I will never be eligible to take a loan anywhere while all my money stays with Revolut. + +I was wondering if I could get some general advice for banking within the EU, is there a better option than Revolut? Should I just transfer money to my Icelandic bank every month? General advice for saving while living all over the place, or all over the EU at least? How should I plan for my retirement? +Hi, + +I have been reading about stocks, investments, forex, cryptos for about 3 years, and until now I have only tested some trading and investments in practive accounts (demo accounts offered by many brokers). + +In the past couple of days I've been searching and reading about brokers and what broker would be appropriated to me. I have decided to go with Trading212, seems easy to use, low comission.. + +**My actual question:** + +But now that I've finally decided to start getting serious about investing and I've already created a real account, I don't know how create my porfolio. What should I do to find out what buy? I'm going to start with 2 000€, and I want to buy stocks and ETF and hold for long term investing. + +What should I do and How can I start building my portfolio? + +&#x200B; + +Thank you very much +Those who bought the actual crypto, like bitcoin or etherium, and not the miners: what's your sell point? + +&#x200B; + +I got in about a month ago, at near all-time high for bitcoin, with a few hundreds on both BTC and ETH. I'm loosing a few bucks on BTC - whatever - and I'm quite up on ETH. Problem is, I'm somewhat out of the loop for both. + +&#x200B; + +My question is, at what price point do you plan on unloading your crypto? +So this market correction / correction is not new. It happens all the time. But reading the boards / forum you wold think this is something new. Heck, even the over-analyzing on CNBC makes this appear like we are in some sort of uncharted territory. + +I am new to this. I got in at the peak as well (like some of you). I was up 20% in Feb, but now down to maybe 2% up if that ( I don’t want to check). + +I am in it for the long. I still panicked, and made some changes, selling at a loss and rebuying to diversify my profile a bit. + +I think what would be helpful is to hear from people who were in this in the past , how they handled it and how they got out of the rut. + +I am also convinced the so called analysts on TV don’t know jack. Even Cramer... (as an example , 2 weeks ago he was saying PLTR was a good buy at the dip, now he is saying it’s too expensive... I mean seriously) + +Anyways, good trading day to all + +Text from Bloomberg article: + +Sony Group Corp. is purchasing Bungie Inc., the U.S. video game developer behind the popular Destiny franchise, for $3.6 billion to bolster its stable of game-making studios. + +The deal announced on Monday is the third significant video-game acquisition announced this month, following Microsoft Corp.’s purchase of Activision Blizzard for $69 billion two weeks ago and Take Two Interactive Corp. snagging mobile game leader Zynga Inc. on Jan. 10. Buying Bungie will give Sony one of the most popular first-person shooter games to compete with the massive Call of Duty series, which Sony’s main rival now owns through Activision. + +Microsoft is committed to releasing at least the next three Call of Duty games on Sony’s PlayStation, Bloomberg News has reported. But eventually Microsoft could decide to take the series exclusively to its Xbox console and Windows computers, and Sony may see Destiny as its response. + +Sony is a regular acquirer of video game studios, though Bungie is by far its largest of the past decade. The Japanese entertainment and technology giant typically buys less established studios and enhances them with marketing and development resources, as it did for Naughty Dog and Guerrilla Games. Sony also holds minority stakes in some bigger game companies, such as Epic Games Inc., the maker of Fortnite. In recent years, Sony has made some smaller acquisitions, notably Burbank, California-based Insomniac Games in 2019 and Finland’s Housemarque, aiming to bolster its library of PlayStation exclusives. + +While Microsoft has focused on packing its subscription service, Xbox Game Pass, full of games big and small, Sony’s blueprint is to develop large blockbusters and keeping them exclusive to PlayStation -- a strategy that helped the PlayStation 4 sell more than 116 million units, well ahead of the Xbox. + +Bellevue, Washington-based Bungie, founded in 1991, helped put the Xbox on the map with the Halo franchise and was purchased by Microsoft in 2000. In 2007, the studio negotiated its independence and spun out from Microsoft to work on its next big thing, Destiny, with Activision. That relationship ended in 2019 and Bungie began self-publishing and operating Destiny independently. + +Destiny functions differently than many other franchises. Rather than release a regular cadence of sequels, Bungie decided to continue operating and expanding the most recent game, Destiny 2. The base game is free-to-play, while Bungie regularly releases expansions and season passes full of new content. The move has been popular, drawing in more than 20 million players since 2019, according to Bungie. + + +Bloomberg Article: + +https://www.bloomberg.com/news/articles/2022-01-31/sony-buys-destiny-developer-bungie-for-3-6-billion + + +Other Links: + +PlayStation Blog: https://blog.playstation.com/2022/01/31/bungie-is-joining-playstation/ + +Bungie.Net: https://www.bungie.net/en/News/Article/50988 + +CNBC: https://www.cnbc.com/2022/01/31/sony-to-buy-video-game-maker-bungie-in-3point6-billion-deal.html?__source=iosappshare%7Ccom.apple.UIKit.activity.CopyToPasteboard + +IGN: https://www.ign.com/articles/playstation-sony-buys-bungie + +Businesswire: https://www.businesswire.com/news/home/20220131005684/en/Sony-Interactive-Entertainment-to-Acquire-Leading-Independent-Videogame-Developer-Bungie + +Gamespot: https://www.gamespot.com/amp-articles/sony-buys-bungie-for-3-6-billion/1100-6500122/?utm_source=reddit.com + +Kotaku: https://kotaku.com/sony-ps5-destiny-2-bungie-playstation-microsoft-xbox-ex-1848453326 + +TheVerge: https://www.theverge.com/22910846/sony-bungie-acquisition-playstation-destiny-halo + +Polygon: https://www.polygon.com/22910849/sony-buys-bungie-destiny-2-multiplatform-playstation +I like to look at job postings to see what companies that are looking to ramp up their workforce, and I believe that this is a strong indicator for future growth. + +But looking at just total number of job posts is not enough. If a company has 1,000 open positions in March you might think that it's a growing company. But if the same company had 2,000 open positions in February then we can make the assumption that they’re not growing at the same pace as they used to. + +I compiled this list of the top 10 companies that had the largest increase in open position in March compared to February. + +https://preview.redd.it/lx0yesyfpeq61.png?width=1464&format=png&auto=webp&s=63e95149e2aead663c369fa2d48cd27de4eb5bc6 + +Obviously, we can't look at job postings in isolation, but I think it's an interesting piece of data that's often overlooked. Your thoughts? +I am sorry for you guys that was early in your commitment to Computershare, and feel lost that we have still not locked the float. You might feel that you are alone and the rest of us are afraid and hesistant to DRS our shares. + +&#x200B; + +Fear not fellow ape, a storm is coming. + +&#x200B; + +People are starting to wake up to the fact that every broker, every bank, every media is against you. You understood this early and understood the only way to save YOUR shares from the black hole they created is to DRS the shares to YOUR name. When MOASS is coming all the brokers and banks will go bankrupt. We have told you to DRS your shares because it is the only way to ensure you will be paid. + +&#x200B; + +I am situated in Europe and I am terrified that when MOASS hit and I know our corrupt brokers who have denied us transfers to Comptutershare will go bankrupt. They only insure every retail account to 500 000$. Without getting my shares into Computershare I risk being left out of the MOASS. I know there is rule in place to protect my shares and this is not how it supposed to be played out, but this is an unique situation that has never happened before. They have fucked me over at every opportunity so far, why would they not do it again. + + +Europeans knows this. Americans you are not alone. We are coming. We have bought shares for over 400$ at "gift a share" to get a Computershare account. We have paid transfer fees of over 200$. We know how important it is getting our shares registered to our own names. It is the only way to make sure I will be in control and not left with only 500 000$. + + +The wave of european shares have just started. Computershare registration and the work getting them registered has not stopped. A storm is coming +Recently, I was griping about how difficult it truly is to reach FI at an early age, and how many years of intense discipline I had to go. I just turned 26, am closing on my third property, write my PMP this weekend and have a NW close to 200k. I am comfortable with my standard of living, and love my work. My friends comment (he also follows FIRE) was a bit of a wakeup call because he's so right...if we fail at FIRE but work hard to try and get there, we still end up in a PHENOMENAL spot. Still want that FIRE, but its always nice having a gentle reminder that even TRYING is more than most do. +This post is more for my GF and possibly my dad. Both of them are conservative with their money and are afraid to invest it in the stock market. Both think we might be in a bubble, and are afraid of big losses. + + + +However, my GF has her 30K sit in a saving account, and i think that's pretty dumb. + + +The usual advice for this scenario is to use the ETF "BND", however after doing some research, i think that is a terrible advice. I think its possible to do way better than 3% a year with minimal risk. Here is the main 4 ETFs i am considering right now: + + + +* SWAN: This ETF returned 22.25% in 2019 and 16.62% in 2020, which i think is a solid return. Since inception, i think it never dropped more than a 10%, even during covid. I don't fully understand how it works, but it looks like very safe option with solid returns. + + +* NUSI: This fund is newer than SWAN, and so far outperformed in the last year. SWAN did 13.14% last 12 months, while NUSI did 18.64%. NUSI also had amazing performance during covid. Strangely, it did pretty poorly in september. Also the fees are higher, and it has a shorter track record. One downside is that as canadians, we may pay 15% taxes on the dividends and its based on that. + + + +* AOA: This one has longest history and lowest fees, which is nice. It has a respectable 9.11% over last 10 years. Handled covid pretty well. Potentially safest option, but less impressive returns. + + +* PTNQ: Nice 17.24% over the last 5 years. Strangely underperformed badly at inception, but had very good recent results. Handled covid crash decently. + + + +These are my favorite ones i am looking at. Which one would you pick, or would it be better to diversify and choose 2 of them? Are they a bad choice? Thanks. +So I want to diversify, I’m primarily in US holdings (VOO, VTI, etc.) I have about 12% in VXUS. I was wondering if I should start entering the bond world with BNDW or continue pursuing VXUS? + +Any and all input is appreciated! Love you guys! +So I know Invesco is managing QQQ for a fee. Where is that fee reflected for all intent and purpose here? In an imaginary world for example, where QQQ was $1000 with only 1 share outstanding for a $1000 market cap, and Invesco's fee for managing it for the day was $1, would the closing price be $999? Or would the market cap be $999? I don't see the fee being deducted on my Ameritrade balance sheet? Where did the $1 fee disappear from in the balance sheet? +I found this sub and saw all the successful trades like that nvda man and the fb puts fuck. + +I am a low salary worker at fucking kung fu tea making ten bucks an hour. I’ve saved for three years and had about 10K saved. I bought snap puts like you guys told me and then snap went up. I bought mu calls and that shit kept going down. I bought mfst calls and that went down the day after. Three years of my life gone. How the hell do you guys even get thing wrong so right? This sub is a sham and full of stupid fucks who photoshop their gains to make t seem like they make money. + +Damn it I could have used that money for Invisalign, lasik Groupon, and some acne cream. Now I’m just a fucking blind, crooked teeth, pepperoni faced loser with 10K poorer. + +Hate you guys + +Edit: I’ve learned three things from this post from you guys... first thing is not to get lasik. Second is I’m stupid. Third is to find a better paying job. Thank you all. + +Edit 2: obvious satire, Jesus guys... you autists. I thought the acne cream and lasik Groupon would have given it away. Just have a laugh and move along please. But on the real actually lost 10K +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! +Listen, I know everyone on this sub loves ethereum, but am I the only one who finds it strange that I haven't really heard much about Vitalik constantly selling? He premined ethereum, and gave himself/the dev team close to 12M ethereum. Here is the wallet [link](https://etherscan.io/address/0xde0b295669a9fd93d5f28d9ec85e40f4cb697bae) and evidence of the wallet being funded with 12M eth 2547 days ago. + +https://preview.redd.it/8ilydapzlpe91.png?width=1087&format=png&auto=webp&s=84183870f726b82864aff56bbb89276e37f629d1 + +Lets show you guys an example of the wallet dumping eth. On May 17th 2021, the wallet transferred 35k eth to another wallet. + +[This is the transaction](https://preview.redd.it/ud3nmme1mpe91.png?width=1308&format=png&auto=webp&s=edc035389f0e5b964e37335bebee52f613318ac6) + +&#x200B; + +Lets have a guess what the wallet does next? Anyone want to guess? Yep, straight out to kraken to use you guys as his exit liquidity. + +https://preview.redd.it/7uh4yo84mpe91.png?width=1301&format=png&auto=webp&s=34a45097c9f350e8e60332df8f2c8381202b5643 + +The next dump gets even better. November 11,2021 the ethdev waller transfers 20K ether out to the same wallet, which then again transfers it to Kraken where they dump it. + +https://preview.redd.it/ej58eg76mpe91.png?width=1297&format=png&auto=webp&s=b573a5b07658ff9686933ede168cd54ebe4160a1 + +https://preview.redd.it/8a2txow7mpe91.png?width=1298&format=png&auto=webp&s=b59e02b01314e72e88858d266586179f921c2e8b + +Now this is where things get interesting. Guess what day the bull market ended? Nov 8,2021. + +https://preview.redd.it/akhmf7l9mpe91.png?width=1126&format=png&auto=webp&s=9d6f005ec99876a9442343746331e149a84279d1 + +I do hold eth and like it, but I think its fair to give eth the same criticism as we would all give to other shitcoins if the owners or VCs sell this much. Its up to you guys to decide if he timed the market to perfection, or he created the eth top and used you guys as exit liquidity. I think its pretty obvious. +Especially in light of the fact that all the other world markets sank. + +I only lost a little on a bear spread, so it’s not an angry question; I’m just baffled and maybe there’s a logical reason behind this massive green move on a day like this. +I'm actually a big fan of market timing for short term trades, but for long term investing I always figured timing wouldn't amount to much. Now there's a study out there that looked at the past and showed that the end result is merely a difference of 20-30% between the supernaturally awesome at picking bottoms and absolutely improbably worst (or best?) at picking tops. I figured this sub might like this. + +https://www.albertbridgecapital.com/drew-views/2019/1/29/the-futility-of-market-timing +> Sales and profits have been rising at the health-care unit, which accounted for about 16% of companywide sales, or $19 billion, last year. The business produces magnetic resonance imaging machines and other equipment sold to hospitals as well as laboratory supplies for biotech firms. + +>GE plans to sell 20% of the division, the company said, and later distribute the remainder to its existing shareholders. The newly separate company would also assume $18 billion in liabilities from its parent, people familiar with the plans said. The division will continue to be run by CEO Kieran Murphy and the separation will likely take 12 to 18 months, they added. + +>GE said Tuesday it expects to exit its investment in Baker Hughes over the next two to three years. GE merged its oil-and-gas business with Baker Hughes in 2016, leaving GE with a two-thirds stake in the enlarged public company. Those shares are now worth about $23 billion and executives have wavered on whether GE would hold on to the stake or pare it back. + +>The Baker Hughes deal was one of the last major moves by former CEO Jeff Immelt, who led GE for 16 years and left last summer amid pressure to boost profits and revive the stock price. In addition to investing in the oil patch, Mr. Immelt doubled down on the power business by scooping up assets from rival Alstom SA and sold off much of GE Capital after the financial crisis. + +Source: https://www.wsj.com/articles/ge-to-spin-off-health-care-business-in-latest-revamp-1530005401 +I've been a long time member for the Capital One Quicksilver Card and back in November I got an email saying if I spent $7,500 until 2/7/20 I would get a $300 bonus reward. The email came with a One Button Activation Link and I clicked on it early December and solely used this card for all my purchases until I racked almost $7,800 by that date. Come late April I check my account and still no reward so I call just to see to see what the status is and the representative tells me everything looks good and that the reward will be paid out by 5/5/20. Fast forward until a few days ago and the rewards still hasn't been updated so I call 5/14/20 to see what the status is and it surely was an hour of torment. + +So first I explain to the representative my issue and she straight up tells me she knows of no promotion like that and she sees that I've been a long time member and those promotions are only for new customers with new accounts. I told her that I am indeed a long term customer and that the promotion was specifically for existing customers and that I have the email opened in front of me. I tell her that I activated the Promotion and she tells me that my account doesn't show any promotion associated. She asks if there's an offer code in the email and I tell her that I don't see anywhere that says "offer code" but that it might be these letters and numbers that are at the bottom of the email so she punches it in and reads back to me exactly everything I spent the last few minutes trying to explain to her including dates and spending amounts. + +She tells me that because I didn't meet the $7,500 minimum I did not get the reward. I told her that I spent well above that amount and that I should be eligible for the reward. A lot of deep breaths and sighs later and about 15 minutes of holding time, she says she has to have an accountant review my transactions and see why I didn't get the reward. After another 10 minutes on hold I am told that the accountant reviewed my transactions and because of a couple credits and returns I was $14 shy of the $7500 minimum. I told her that was impossible because I had already factored in those credits and I should still be above $7,800 and she says that I am wrong and the accountant is correct and there is nothing she can do. I told her I would like to talk with the accountant and to see where these numbers came from because this should be absolute and that numbers shouldn't lie and she transfers me to her colleague who's just another representative and I go over the numbers with her. I'm triple checking all my numbers between holds and they're still coming out to above $7,800 and I go over it with the new representative. I hear a "OH" and a long paused silence and she gets back to me with an I see response. It turns out and I do not know if they were doing this on purpose but they were not looking at my statement transaction dates but the posted dates and for whatever reason some were posted on their end past the last day of the Promotion but the statements showed it as being posted on that date or prior. I do not know if this was intentional or not but she said she will escalate it to the rewards department and I will soon get a response. Fast forward the next day I get a call from them that I miss but I recognized the number and checked my account and lo and behold a $300 credit. I guess I won, but at what cost. + +&#x200B; + +TLDR: Didn't get my $300 credit card promotion reward. Called them about it. Finally got it. + +Edit1: + +Thanks for the responses. To make things clear, I appreciate customer service workers and am always polite and respectful to them whether it be in person or on the phone. I never raise my voice and I try to speak as clearly and as to the point as possible and as sympathetic to their position as possible. + +I also pay off all my credit cards every month in full and have stellar 800+ credit. I take full advantage of all my different credit card benefits and agree with most that Chase (especially Sapphire) has the best customer service and CapitalOne I would rate flat average. I use anywhere from $2500-6000 per month on credit cards depending on the month and usually funnel it through whatever card that month is giving me the best benefits. I make around $200,000/year. The reason I made this post is mainly for 2 reasons, 1 being to vent and to see if others had similar situations and the other to perhaps give light on people to make the extra effort to fight for their benefits if they're rightfully deserved so in similar situations. + +To the few that don't believe this promotion doesn't exist, here is the screenshot of my email +https://ibb.co/K22sjg0 +https://ibb.co/mCZVmB5 +Given the Yes Bank fiasco and restriction of selling the equity shares, the Nifty 50 index fund holders like me are left with dud shares what the fund won't/can't dump even when the stock moves out of the index. In this case the entire argument for index fund pretty much collapses if the funds can't even follow the index. + +This sub loves index funds and freefincal. Given the lessons from recent market scenario, are index funds still advisable as core MF portfolio, or has this proven that the successful passive investing is still few years away in an economy like ours? + +Should I switch to active funds now. +I have seen a lot of great posts recently about people being able to negotiate big salary increases (I posted my story last year as well), and I thought it would be interesting to give some perspective as to what is happening from a Manager's point of view. + +I think there are three big points that sometimes people miss when they haven't been managers themselves: + +- Part of your manager's job is to keep you employed at the minimum salary that it will take to keep you employed. + +This is just reality. Companies overall are driven by profit, and for a lot of companies it's their operating costs that can really drive that profit. Not being able to keep salaries in check can become a huge problem in industries that are constrained in their revenue making ability. As a manager, you are expected to represent the interests of the company, and for better or worse, the interest of most companies is to generate profit for either their owners or shareholders/investors, not to share all profit with the workforce. + +This is important to keep in mind because it can help you clear up the dynamic between where you, your boss and the company stand. While your boss may like you, appreciate you as an employee, and want to keep you around, he/she will know that there is a limit as to what they can do to keep you, because there is an expectation that they are putting the company's interests above theirs. + +This is why a lot of people (myself included) will suggest that you always do salary negotiations with another offer ~~in hand~~ in your back pocket: the only way to be able to put legitimate pressure on an employer is by being willing to take a better offer, and that starts with having one. + +(EDIT: To clarify, what I really meant was "with another offer in your back pocket", rather than "with another offer in hand"). + +(EDIT 2: To further clarify: when I say "offer in your back pocket", I mean that you and only you knows that you have that offer. The goal is to be able to walk into a negotiation with a clear idea in your head of what it will take to keep you (say, 10% raise), and to be willing and able to walk away if you don't get that. The only way to be able to walk away on the spot, and as a result to negotiate with the appropriate level of conviction, is to have an existing offer to literally walk away). + +EDIT 3: Some of you have pointed out that you clearly ***shouldn't*** just pay employees the minimum it will take to stay. You should pay them the optimal amount to maximize their productivity. I completely agree... however, if you are reading this post seeking advice on how to navigate the negotiation of compensation, odds are that your manager/organization do not subscribe to this philosophy, and sadly, this is true for most people. Most large organizations have a structure in which it is expected that Managers will be able to retain their talent subject to a fixed budget. + +And part of that philosophy is valid, i.e., you should be doing more than just giving more money to your employees, and some of your ability to retain them should hinge on that. Put a different way: if, as a manager, the only way you can retain people is by paying them more money, you are probably a really bad person to work for. For most people with good managers, one of the big negatives of taking another job is knowing that there is a chance that your next manager won't be any good. + +- Managers have to invest a good amount of time, goodwill and political capital to get an employee a raise + +Unless you are the CEO, arguing for an employee to get a raise or promotion (especially off-schedule ones) takes valuable resources for a manager. It's not like you can go into your boss' office and just get one done on the spot. Most companies are going to require multiple layers of red tape to get there, and in general, will require you spending some of your probably limited "goodwill" budget on it. Thinking of it a different way, for every raise that you are able to secure for one of your direct reports, there's another one that you won't be able to get. + +Because of that, managers will tend to a) stick to doing promotions and raises during performance evaluation periods when possible, b) only push above and beyond what HR/upper management wants to do if they feel they need to in order to keep some of their top performers around. + +That means that if you are someone who wants a 3% raise off-schedule, it's not going to happen. Not because you aren't worth the 3%, and not because 3% is a lot of money to the company, but because the level of effort required to get you that 3% raise is not proportional to the probability that you will leave if you do not get a 3% raise. + +If you want to increase your chances of getting those bigger raises, the best thing you can do (other than kicking ass at your job), is to figure out a way to plant the idea in your boss' head that you **do** expect a significant raise/promotion when the time comes. How you do it depends on you, your industry, your boss, etc., but there is normally a way to bring up the fact that you are doing a great job, and you want to understand what is the plan for compensating that. + +Since they require great performance, end of big projects, intermediate performance reviews, and any conversation where you doing your job well is the topic of conversation are great places to bring this up. + +It may sound like "I'm glad to hear that you appreciate my work. I wanted you to know that I put a lot of time and dedication into my work to ensure that I give you the best possible results. With that in mind, I wanted to know what I need to do to make sure that I am in position to get promoted" + +You want to bring this up as something that you put on yourself ("what can I do?"), but really use it as an opening for your boss to either tell you "I think you're doing a great job and this is when I think we can talk promotion" or "I don't think you're ready yet and this is why". + +The answer really doesn't matter as much as the seed that you have planted. The seed that you have planted tells your boss "hey, this person is concerned about their compensation". The reason it is important is because it gives your manager time to plan out their strategy for doing whatever it is they need to do to give you a raise IF they think you deserve on AND if they think you are a risk to leave if you don't get one. And that gives you the best possible odds. + +EDIT 4: To those asking "I am underpaid, have been for a while; how do I get a raise?" +Sadly, there is a very decent chance that your only way to get a raise is to leave. Organizations that underpay, tend to do so knowingly. If you challenge that, you will most likely get a spiel about how lucky you should consider yourself to work here, or get a carrot dangled in your face. + +As I mentioned earlier, your best bet is to go get another offer for two reasons: Firstly, you need an exit plan. Secondly, you need to know what your market value is. Once you have that, it's a lot easier to make that decision. + +I think that a lot of people stick to a job because they take on the mentality of "how do I get my current employer to pay me what I'm worth?", which sometimes is a losing proposition. What you should be asking instead is "how do I maximize my long term income?", and that will be a combination of taking the right short term moves and positioning yourself for bigger long term moves. + +- Often times, a manager knows they are underpaying someone they want to keep, but have no recourse to keep them. + +When you become a manager, you will one day run into an employee who you know you cannot keep. Period. They are just too good, rising too fast and have too marketable of a skillset for your company to be able to handle them correctly. In part because most companies are just not willing to promote people faster than a certain cadence (normally 1.5-2 years), but more importantly because people that rise too fast will always be seen through the lens of "is that sustainable? Can I believe that small of a sample set?" + +If you have an employee that is able to make strides in his first 3 months at the job and is taking care of things that even people who have been there for 3 years can't do, would you promote him after 3 months? + +Probably not. You'd probably wait and see if he can keep it up for at least a year. Let's say this person is a true rockstar; at the end of that year, this person has now exceeded expectations again, and though they were ready for a promotion to Senior X in month 3, maybe they are now halfway to being qualified for being Manager. Even if you are well ahead of the curve and promote them after a year, you have now found yourself behind the growth curve of that employee. And at that point, it's impossible to recover, because that employee will likely continue to grow faster than you promote him. + +So what happens? Sooner or later, another company comes along which has a) an opening, b) the budget, c) enough desperation that they are willing to hire someone slightly above their fighting weight just because they see potential. And then you find yourself as a manager trying to counteroffer a 35% raise and a two-level promotion. And you know at that point that a) you can't do anything about it now, b) you probably never stood a chance, c) even if you do fight this one off, you will have to fight it again soon enough. + +**If you are one of those employees, the ones that rise faster than they are promoted, I have three pieces of advice for you:** + +1. ***Don't take it personally*** You are not getting promoted because you're breaking some of the unspoken rules of HR and you just don't fit their mold. Odds are your manager wants to keep you, but they know they can't, and that will probably come across as not trying. Rest assured that if you are that good, they know, you know, the company knows, but they also know that they have a very limited number of options that won't create political nuclear war from developing inside the organization. + +2. ***Move often.*** If you are truly one of these people, you will suffer if you stay at a job more than a couple of years. The only key is that you can't just chase money - you have to chase better titles, situations and companies. No one will judge you for leaving a company after two years if your move was warranted by a big promotion, or moving to a bigger player in the industry, or just landing in a better group with a better reputation. People will judge your resume if they see you take parallel jobs every other year, because they will know that you are just chasing money. + +3. ***Avoid under all circumstances to burn bridges.*** The same person that thought you were so good they couldn't keep you around may be the first person to come calling when they think they have an opportunity that does match your resume, especially when red tape is not as much of an issue because you are being hired from the outside. Leave on good terms, be polite, try to help on your way out. Every good impression you make while leaving could become the difference maker in your ability to reconnect with an important "in" for a future job opportunity. +We've been fortunate enough to bootstrap a niche vertical field services management/PropTech SaaS to $10M+ ARR, 55% EBITDA margin, and 50%+ year-over-year growth. We're now seeking a liquidity event, likely a slight majority deal with a PE firm to take some chips off the table and diversify. We're in the process of interviewing investment bankers to serve as advisors in the process. We have narrowed it down to a couple that seem great. + +One is a big, international and established name with lots of transactions in our space. They usually do larger deals ($500M+), but seem to be branching out into the lower middle market where we sit (\~$100M-$150M EV). The 2 we are talking to are fun guys, a bit heavy on the schmoozing but they come across as seasoned pros. + +The other is a smaller NY-based "boutique" firm that promises a faster process (3-4 months vs 6-9) and more of a hands-on approach. They specialize in lower-middle-market transactions, but they have only worked with a couple businesses like ours. Younger guys and straight shooters. They have been extremely educational so far, really helping us break down new concepts and teaching us how to think about things in the world of financial engineering and M&A. + +For those of you that have done this, what factors do you think are most important when choosing an advisor? Of course we hope to maximize the company valuation. Is reputation / relevant comps or speed-to-close more important? Is it all about the personal relationship and who we wanna spend more time with? + +For those of you in PE, how much does the investment banker matter versus the asset itself? Is it strictly around the numbers or do the relationships matter? +My wife and I (both 34 years old) accomplished three major milestones in the past year: + +* Hit $1M net worth +* Payed off all school loans +* Bought a house + +Here's a [snapshot](https://drive.google.com/file/d/1y_Dp9VbhNF8KwGJHSvDkJANBIVP4P13q/view?usp=sharing) of our financial picture if you're at all interested. Our current income is about $400k per year. Couple of learnings from the journey to $1m: + +**How we feel**: We feel solidly middle class. I'm personally very nervous that we're not building wealth fast enough... we worked our asses off to get where we are and made some great decisions, so it concerns me that I don't feel like we're not on track to having "fuck you" money. I'm constantly worrying if our investments are too risky or not risky enough... it's exhausting. Should I be starting a side hustle? No fucking clue. I feel a little lost, even though on paper we're doing fine. It sucks that there are very few people you can talk about these kinds of things with. + +**Loans**: I'm retroactively kicking myself for paying off $160k of school loans which averaged about 5% interest. I should have bought a house or invested instead, but I guess hindsight is 20/20, and I'm happy I paid them off. Our only debt now is revolving credit card, 2.4% mortgage, 2.5% auto loans, and a zero percent interest rate deal on new kitchen cabinets. + +**Startup**: I left a well paying job to go do a startup with some friends. It fucked us. I should have checked my ego and should not have taken such a careless risk with my families future. Everyone tells me "it's ok, you had to try" but honestly, no you don't. My words of wisdom: never trust ANYONE with your families future, even your closest friends. + +**Home buying**: No matter what anyone says, don't rent. Just buy the damn house. It's worth it to have a stable base of operations where no one except the bank can kick you out. Idk, that's just me, but buying a house is the best decision I've ever made, even though I've lived in much nicer apartments. + +**City vs Burbs**: I lived in several big cities, and I'd say doing so was worth it to gain self-confidence that I could thrive in a big pond, but I don't think burbs get enough credit by younger professionals for their many, many lifestyle benefits at a much lower cost. + +**Investments:** Most of our money is in diversified index funds, and about 20% in companies that I find especially interesting (including my own). I don't own any reits, and I own minimal crypto. + +&#x200B; + +FYI, in case there are young people reading this, I want to clarify that the anxiety I convey above is well worth playing the game. You should read this kind of like the anxiety of a pro football player between big games. I love what I do. I love what we've accomplished. I love the challenge. I love the nature of working. Life is great... but it's not easy. +I'm cracking my head trying to understand how everything did not go to shit given the current situation: + +1) Record high mortgage stress at record low interest rates + +2) Record high renting costs + +3) Record low wage growth + +4) Part time and casual employment going up while permanent is going down + +5) Increased cost of living + +6) All this contributing to disposable income being reduced more and more + +7) Extremely expensive labour cost and an almost non existing manufacturing industry + +8) Growing inequality and accumulation of wealth effectively reducing the available money for the economy. + +Meanwhile, restaurants are full on a Tuesday night. People keep taking holidays, buying gadgets, etc. Which could only mean that disposable income is still there. But I just cannot figure out how can someone working in hospitality making 20 an hour live in Sydney. Not even those poor souls being exploited in kitchens below minimum wage. + +The very foundations of a healthy economy are cracking wherever you look at, but lifestyle isn't being impacted as bad as someone would expect it to be. + +It's basically a mix of record high bad things and record low good things. How is this even possible? It all looks so fragile, but somehow it holds up. Not only that, bad things keep going up and good ones keep going down. + +Are infrastructure projects, housing investments and immigration providing *that much* to counter all that? +This is something I’ve been thinking about a lot recently. I have a good salary and still some potential career progression possible but it feels like whatever I do, I won’t ever have the chance of being particularly wealthy. I save a good amount each month in a S&S Isa but I don’t see that ever really having a huge impact at least until I retire. + +Is the only way to become wealthy to start a successful business or get lucky with a risky investment? + +I know this could be read as ‘how do I get rich?’ which is a dumb question but I guess I’m really asking is, what strategies are available to people without loads of existing assets to build substantial wealth? I see large numbers of older generations with huge houses etc and wonder if it’s even possible for most of my generation to achieve that. +I understand the northern california campfire is a sensitive topic, this is purely in a investing standpoint and means no offense to anybody. + +&#x200B; + +A lot of houses have been burnt to the ground, i can imagine not everybody is going to rebuild. Is this a good opportunity to buy land? + + +PS i wonder if the water and electricity pipelines are still there +I have a loan locked in at 3.375% (no points) for a 30 year fixed VA loan with 5% down and no PMI. + +Single family home, $200,000 purchase price. + +That was locked in May of this year and the process is still ongoing due to a seller pulling out of a house literally right before closing, and then needing to pursue a different property. + +Rates seem to have been dropping quite a bit over the last few weeks and I feel it should be lower. + +I spoke with her yesterday and she said that they haven’t dropped “enough” to warrant a new rate. + +How do I really know if she is telling the truth, as I don’t have access to what she’s looking at, when all my research of the market and national average rates continues to drop. + +Am I being a penny wise and dollar foolish by not just accepting what I have locked? + + +[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!* + Hey all, I’m on a throwaway to protect my own privacy, I’m happy to work with the mods if they need. + +I was lucky enough to be at a company that IPO’d this year and have questions that I’ll go into more detail below, but I’ll start with my current finance details. + +I lived in SF until this year, moved back home to the midwest but got to keep my job, which I know makes me incredibly lucky. I put together a plan to live a comfortable, great life. + +* Age: 31 +* Salary: $200,000 +* Job: DevOps software engineer +* location: midwest USA +* Monthly expenses: \~$5,000 +* Savings: \~$25,000 ($20k emergency fund, the rest for a big purchase like a home, contributing $4k a month) +* 401k: \~$80,000 (contributing max each year) - target date 2055 fund +* RothIRA: \~$30,000 ($6k backdoor each year) - target date 2055 fund +* No debt +* No kids, not married, my gf and I live together and are likely to get married in the next \~5 years as things are going really well. + +Thanks to the move from SF, I'm able to save about $4k a month (before it was closer to $1,500 a month). + +Okay so now the fatfire part: my company was one of the many IPOs that happened in 2021. I decided to diversify and worked with a great CPA to come up with a plan. I have a mixture of ISOs, NSOs, and RSUs. I hit my first cliff this month, but things will continue to vest over the next 3 years. Right now, after this first window, I’ve got \~$1.5m cash, and by the end of 2024 I’m projected to be at \~$6m (at current stock price). During each open window I’m going to sell as much as I can, basically everything that’s vested in between the windows. + +I’ve worked with the CPA to figure out exercise/hold vs exercise/sell, AMT thresholds, etc, so I’m not here asking for that advice. My company industry is fairly volatile and can be fragile, so I knew I wanted to get out and diversify as much and as quickly as possible. + +I’m pretty much set on being a member of /r/bogleheads, and going into a 3-fund portfolio of some kind. + +Okay so now comes the questions: + +1. I’ve currently been contributing $4k a month to savings…should this change? I was thinking I should take some of the 1.5m cash, pad out my savings to 1 year of expenses ($60k), then stop contributing to savings and instead put that $4k a month into my 3-fund? +2. My goals for the next 5 years are below (are these reasonable/possible?): + 1. Buy my dream home (they cost 1.5-2m in my area) + 2. Quit this high paying job and take a job where I’m making a better contribution to the world like volunteering, teaching at a low income school, etc - but not sacrifice my $5k a month life + 3. Be able to travel wherever I want, whenever I want +3. I currently bank with Schwab, and I took a free consult for their financial planning. They seem competent but they also have a \~0.8% fee. Most of the people on this sub seem to be against financial planning, and I have a fee-only CPA to help with taxes, is that good enough? +4. When I see people say “at 5m net worth you can draw a salary of $150k a year” how are you actually doing that? Are you just selling stock every quarter? Are you getting dividends? (Related to goal #2) +5. How do I treat retirement accounts now? Should I still just continue doing IRS max into 401k and RothIRA? +6. What else should I be considering, beyond 3-fund? Umbrella insurance? Estate planning? What questions didn't I ask here, that I should be asking? + +Thanks in advance everyone +Why would they do something like this? Surely, because they're losing/apes are winning by conventional ways right? So consider the following: + + +1. It's clear as day that the governing bodies are at the very least, complicit if not corrupt. +They see that we see it so if this is going to be a weapon in their favor, why would they not start with GMEQ? Why leveraged inverse TSLA short first? +. +Oh right, because they are outgunned as is. Apes can easily short that inverse leveraged ETF to go long & come out on top. They want YOU to be scared, they want YOU to be frustrated & sell. +. +TSLA might even drop tomorrow to plant the idea "This can happen to GME too" but remember, it's just psyops. +. +2. **NFT Dividend is NOT off the table**: +Unlike OSTK who got sued because shorts argued their core business did not involve blockchain and they issued crypto dividend to 'manufacture' a short squeeze, Gamestop now has a clear use of NFTs. +. +They can easily issue NFT dividend after the 4:1 split. This will force the brokers to come up with 4X the number of excuses as to why their shareholders are not whole. 4X the headaches. + +**They might make the price drop tomorrow, but "DONT GET RUGGED"** + +Edit: Oh yeah, Citadel has a lot of TSLA they can dump, don't they? +Edit2: Too smooth & too new to posting on Reddit. Not sure how to indent/proper line/paragraph breaks. +Tether's official website released an article named "How Tether USD₮ Is Able to Maintain Its Peg When Other Stablecoins Fall". So, there should be a professional explanation about their reserves? Nope. + +The entire article is pretty much useless: + +>Given the recent losses UST investors suffered, many users may be questioning if they can trust Tether USD₮ given the spectacular collapse of UST. +> +>Thankfully, all one needs to do is look at the history and track record of Tether USD₮.  +> +>Tether USD₮ has been relied on as the primary form of dollar-based liquidity in the crypto market for many years and the crypto market has not been without its share of dramatic crashes!  + +Like, what is this? They are saying they should be trusted entirely based on their track record, with no other explanation whatsoever?? + +&#x200B; + +The first half of the page is useless, so what about the second half? + +The second half of the article is titled "How Does an Algorithmic Stablecoin Work?" and it's ALL they are talking about. + +>While UST is referred to as a stablecoin, it has nothing in common with collateralized stablecoins like Tether USD₮. UST is an algorithmic stablecoin. + +Again, they are using UST as a scapegoat instead of addressing their reserves or any explanation of how they maintain their peg. + +[Source](https://tether.to/en/how-tether-usdt-is-able-to-maintain-its-peg-when-other-stablecoins-fall/?fbclid=IwAR38zybf2sEcEoRfH2avk8IxmZUe6R77AGpceIykVihyMK7GIHnx4ON9VP8) + +The entire article is a joke and you should go read it for yourself. +Does buying the SPY actually effect the price of those individual stocks inside the SPY or is it ONLY just a reflection of how those 500 stocks are doing? + +That I’m saying is if some huge investor bought a huge amount of SPY would the individual stocks change ir is it just SPY that changes when individual stocks go up or down. + +Hopefully this question makes sense. +So I was wondering what makes the Bloomberg terminal worth $20k, what can you do with it that you can’t find online. Basically I’m asking why is it $20k? I have access to it as a finance student and as amazing as it is to have information on any company at the tip of your fingers, I don’t see how it’s worth $20k as all the information I find on it can be found by doing some searching. +Would this lead to increased economic productivity? Would it cause people to invest there money into the economy? + + +Or another case: I make 100k, after tax I make 75k and end up saving 30k annually. My "wealth" or savings would be 30k. Or, I could make 100k, be taxed minimally and keep 90k. End up saving 45k and be taxed high on this. What would be the possible economic outcomes? +[I've posted onto another subreddit the PPP GDP Per Capita growth rate for 21 of the biggest economies of the world.](https://imgur.com/a/z1OmBoG) According to this data set, the Turkish economy has grown the fastest in terms of PPP GDP Per Capita since 2007, followed by Indonesia, Russia, and China. + +However, what amazes me, here in the USA, we were always told that [the Turkish economy is not doing well](https://foreignpolicy.com/2020/11/30/turkey-economic-problem-erdogan-mismanagement/), and neither [is the Russian economy.](https://atlantic-community.org/russias-economy-until-2030-falling-behind/) [However, according to the first chart, the Turkish, Indonesian, Russian, and Chinese economies are the world's 4 fastest growing major economies, and India is ranked #8 in terms of PPP GDP Per Capita.](https://imgur.com/a/z1OmBoG) + +I'm so surprised that there's been a lot of talk about India's economy, however, it has only grew by around 3% per person (PPP GDP Per Capita) since '07. The real success stories is what the Turks, Indonesian, and Russians have accomplished, but it seems that the media and general public don't see it that way. Am I missing something here? +I am curious about what would happen to the stock price of various companies i.e. Jeff Bezos has 88 million shares. Those will be perennially gone once liquidated. Will Amazon as a company collapse due to investors losing confidence and the stocks will tank? +https://www.bloomberg.com/opinion/articles/2021-03-02/berlin-s-rent-controls-are-proving-to-be-the-disaster-we-feared?utm_medium=social&utm_content=view&utm_source=twitter&utm_campaign=socialflow-organic&cmpid%3D=socialflow-twitter-view + +Are rent controls the best solution or is there another way? +Insofar as socialism can be defined as the workers or the population, rather than private individuals, owning and controlling the means of production, is Venesuela socialist? Do the workers truly own or control the means of production? To what extent does the economy rely on markets to distribute goods and wealth? Are there elements of both socialism and/or capitalism found therin? Is this question really as difficult to answer as popular political/economic debate would indicate? + +Edit: Is the term "state capitalism" applicable here at all? Is this term accepted as a true phenomenon in certain countries among economists today? +Lawyers have a hard time finding work because there are just too many of them, but they still seem to be charging hundreds of dollars per hour. + +Why doesn't the market adjust with new, lower prices? If the attorney down the street is charging $300 per hour, why doesn't the unemployed attorney get started charging $100 per hour? + +Typically when supply exceeds demand, prices drop. Why doesn't that happen in this profession? + +[NY Times:An Expensive Law Degree and No Place To Use It](https://www.nytimes.com/2016/06/19/business/dealbook/an-expensive-law-degree-and-no-place-to-use-it.html) +Specifically asking about [this](https://www.sciencedirect.com/science/article/pii/S095937802200005X?s=09) paper which attempts to use actual evidence to prove this. + + +This seems highly unlikely to me. For one, only one of the authors has any economics credentials (and their credentials are in ecological economics, totally unrelated to something like this) and it seems to contradict every other peer reviewed academic paper which finds that trade with the global south has been very beneficial for them. + + +But since this study attempts to use an actual data to prove its points and was published in a peer reviewed academic journal I was wondering f anyone could take a look at the methodology and provide a critique. +Alright you smarmy mafks. This is still a psychological game. And I don’t have a psych PhD but I can usually tell what someone is thinking in the first few seconds of an interaction. Call that life. You're ngmi if you can’t read anything. And I don’t mean books. + +I'm seeing a lot of “glitches” creeping back up. You know what that means? It means were on the right track, because mafks with glitch like that definitely are not OFF the fuckery. Mafks with glitches like that are definitely ON the fuckery bro. (is no one getting these trailer park boys references?) + +Anyway, you keep sitting around seeing people in the sub saying ohhhh it’s just a glitch. + +[Lol](https://preview.redd.it/e07g853zxl581.png?width=242&format=png&auto=webp&s=10820f7e3768a05509c17e2f42b29c3d53fd3e74) + +The same way all the OTC stocks are glitches, right? Because that is definitely the case. + +https://preview.redd.it/gb31cib1yl581.jpg?width=1440&format=pjpg&auto=webp&s=5d6f3f33fc9eb7745abec542be7c9400ee5fab14 + +People seem to have forgotten that there aren’t “glitches” or “bugs” in the system. This has been the crux of everything. Every time there is weird price movement. Someone is lying to you. Do you really think that the most liquid market in the world, SWIFT payment system, and FEDWIRE, advanced cryp-t0 are built with Feature Matinee glitches? No you fucking meat popsicle! There is a reason why someone needs something to reflect what we see. Usually, it’s due to a capital requirement ([Here](https://www.investopedia.com/terms/c/capitalrequirement.asp)). Notice that says “bank” and not “hedge fund”. Do you know why yet? Because the banks are the ones in trouble. They have been loaning to hedgefunds, small fish, and meatballs on single digit percent margin for AT LEAST 12 years (if not the duration of their industry since billionaires have been creating synthetic ETFs and derivatives). [Here](https://sipa.columbia.edu/sites/default/files/embedded-media/FIR_v29%20%281%29.pdf) + +You want to know why I don’t like options being pushed here by people pretending they’re helping you? Because they are selling covered calls. They are telling you there will be an announcement today. They are telling you to buy deep OTM calls and leaps. They are telling you it isn’t today, it’s tomorrow. They aren’t doing you any favors, they are increasing their own client base. Just like yesterday, some meatball posted “bUy NeAR/aT thE moNEy oPtioNssS”. Fuck outta here with your furry fetish. RC and DFV are the only ones who tried to tell you what was up. Not some cucumber ripoff. + +They're getting bolder and more desperate every day. + +https://preview.redd.it/unea2lonyl581.png?width=488&format=png&auto=webp&s=4e5724c50ea38256cd4b7ef7f93b7b24fdc5c93d + +Here is how selling a covered call works: + +1. I have 100 shares +2. I sell a contract to you for x$ on the premise that you *may* buy the 100 shares at the strike price +3. Price tanks +4. Why would you exercise OTM? Shouldn’t be gambling + +You are being played. I get to keep the capital, you get to buy another call and give me more premium. They're called FD’s for a reason. + +Anyway, why do you think you have leverage? Because you *could* exercise them? They can *reasonably assume* they can find the shares in the next 5 years and you are “credited” your 100. + +You know who actually has the leverage? The bank. Because you as a retail investor want to call and ask about options. They will say something like “ohhh we need you to open a margin account, you cant trade level 2 without them”. Ok what’s margin?. [Here](https://www.investopedia.com/terms/m/margin.asp) + +“Credit Risk”. “Collateral”. They aren’t gifting you money. It is a loan. A loan to the bank is an asset for them. A share in cash is a liability for them. The banks and brokers want you on margin because they can also loan your shares out on margin. They’re going to give you margin, do you know why? Because like a used car dealers 60-year-old wife who wants a boob job; good credit, bad credit, no problem! They want your collateral and to be able to liquidate you at their behest. THEY FUCKING NEED GME SHARES! BANKSHEDGIESBROKERSRFUK! Anyway, do whatever you want, but this is how it works. + +So, back to the “glitches” we keep seeing. These are spikes. These are capital requirements being met. The clearing houses don’t give a fuck where it is coming from. They just need to see that they have 60 BTC and it is worth $1T each. + +https://preview.redd.it/gwxfy3ezyl581.png?width=382&format=png&auto=webp&s=f996debeec5e1fda276c8fa7268dbf63abae10c0 + +Why? Because in Jan, these MMs and brokers wrote so many naked calls through their algorithm that each of their collateral brokers is absolutely FUCKED. This will, in fact, collapse the system if retail doesn’t sell to help close their positions. + +Again, these aren’t glitches. They are purposeful. Why do you think you can't sell anything through cryp2? Doesn’t PSevendeuce own CB? Just be smarter than the suit dummies. They aren’t your friends. Trust no one. Even me. I don’t care what you do. I am just trying to lay out the situation as it is. I have a vested interest in GME. I like the stonk. But just remember. Capital requirements are there to prevent defaults. As long as the numbers are on a page, they pass. No one gives a shit how they got there. As long as you keep working and they can settle their Fixed Income futures. Cheers frens. Stay warm, it’s fucking cold outside. + +References: + +[https://www.investopedia.com/terms/c/capitalrequirement.asp](https://www.investopedia.com/terms/c/capitalrequirement.asp) + +[https://sipa.columbia.edu/sites/default/files/embedded-media/FIR\_v29%20%281%29.pdf](https://sipa.columbia.edu/sites/default/files/embedded-media/FIR_v29%20%281%29.pdf) + +[https://www.investopedia.com/terms/m/margin.asp](https://www.investopedia.com/terms/m/margin.asp) + +&#x200B; + +EDIT: Thanks everyone for coming out. It is extremely telling that everyone has heros here, when this was about individual investors. There are explicit subs for options, try options or options millionaires. This sub learned a very long time ago margin and brokerage accounts allow for shares to be lent. If you havent caught that yet, unfortunately you need to do some more research. But please, do whatever the fuck you want. +Hey all, + +32 y.o. here. Married (10 years this year \[wewt\]). 2 kids. Net family income \~80k. I grew up getting FIRE advice from an OG FIRE-er - my grandpa, who retired from AT&T in the early 90s at 53 and has been living the good life ever since. Being inspired by his lifestyle, I started saving in high school and began using tax-advantaged IRAs and 401(k)s for myself and my wife ASAP. + +I've been looking back at our contributions over the past 10 years, and they've certainly grown: + +&#x200B; + +5k in '08 + +10k in '09 + +5k in '10 + +10k in '11 + +10k in '12 + +28.5k in '13 + +28.5k in '14 + +28.5k in '15 + +28.5k in '16 + +36k in '17 + +36k in '18 + +on track for 37k+ in '19 + +&#x200B; + +That \~225k in contributions has all been put in the Vanguard Target 2050 Fund is currently worth \~400k, and since so much of the principle was put in relatively recently, it hasn't had much time to grow in the market yet and will definitely put in work over the next decade(s). + +HOWEVER - I feel like I've just hit a wall. Over the past 10 years, we've experienced career growth that corresponds with the increases in contributions that we've been able to make as you see above. However, my wife and I both hold Instrumental Performance degrees (i.e. not really any degree in terms of career mobility and market value) and are self-employed, and I feel like we've reached a point where we can't work any more hours and can't realistically make more per hour, so we're kind of stuck where we are in terms of income. I've always tried to stay as close to 50% saving/investing in retirement as possible, but with 2 kids it just feels increasingly difficult to do. + +I don't know, when I was young(er) I looked at the future with optimism - "Save, save, save and invest!" I would say to myself, "And some day you can be wealthy." But now I wish that I might've considered investing in a degree that would allow me to earn more per year, so that I could be both saving and, you know, driving a bit newer car, having some newer clothes, taking some trips along the way, etc. I feel like i need a way to bust through this ceiling but with family and working as much as i realistically can in a week, maybe i just have to chill during this time in life. + +&#x200B; + +Thoughts appreciated. +Hi, just looking for a bit of advice. My father passed away recently and I just found out I have inherited his $80k home loan debt from Westpac. They told me repayments have been paused but it will continue to accrue $300 interest per month. + + I'm the sole executor of the will and I will be trying to sell his property, it's very rural though and may take a long time to sell. I expect to get $400,000. I'm a student so don't have any money but I just sold some of his belonging for $10,000. I'm thinking what should be my best course of action. Maybe get a solicitor? Put the 10k straight onto the loan and anything else I can get? + +The family stuff is interesting too. My mother separated from him about 3 years ago and moved in with her sister. She wants half of everything (deservedly) but she is expecting me to take care of the debt and and everything else because she "wouldn't be able to deal with the stress". + +I dunno, felt like ranting a bit. Thanks +Good Evening, + +&#x200B; + +First I'm not a financial advisor and none of this is financial advise only opinion on data I've gathered from publicly available sources. + +&#x200B; + +https://preview.redd.it/vit8gtkxvt681.png?width=888&format=png&auto=webp&s=17a497314665df29596ef0f5e8f984a84b0d3387 + +I've been writing and learning about ETFs since just after January and they can be quiet the rabbit hole. There are many different players looking to make money as the process of lending and creation and redemption occurs. One of the biggest and most interesting bits of information I learned when looking at ETF data was there was in fact high volume cycles, that were predictable and occurred in both 2020 and in 2021. + +The two biggest ETF providers and lenders are Blackrock and Vanguard. Throughout most of the year over leveraged funds and short hedge funds have direct access to large numbers of shares in these ETFs. Blackrock and Vanguard are happy to collect the fee's associated with lending shares and their sponsors get a nice paycheck. Now to the interesting part in the data where I noticed high volume cycles. For example Vanguard (The biggest holder of GME) has predictable high volume cycles called "wash trades" Wall Streets dirty little secret you can read about [here](https://www.bloomberg.com/graphics/2019-etf-tax-dodge-lets-investors-save-big/). TLDR: It's an abuse of the ETF system structure to wash high volume through ETFs to **avoid taxes**. + +While they are doing this Blackrock and Vanguard are largely not lending shares and tell over leveraged and short hedge funds to go elsewhere for their shares. That's precisely why we see funds like XRT ending up on the threshold list this last week. What happened in January was largely like the SEC said in that it was retail driven aside from Ren Tech like funds and other high frequency desks exercising low in the money puts forcing dealers to buy stock to hedge. + +&#x200B; + +https://preview.redd.it/wib7l6u9xb781.png?width=477&format=png&auto=webp&s=c552487360c424be3d745b692251ad1ff4f3c169 + +&#x200B; + +The biggest question around all this is what kind of contracts did those funds with short positions open in last January to hedge? It seems there is now a yearly options pattern in January using variance swaps with low puts ect like u/Zinko83 DD outlined (highly suggest you read it). It’s hard to say if January will repeat. But they sure as hell hedged it out far enough. Outside of January there are for sure predictable cycles that occur with the ETF wash sales that happen described above. The most important thing for apes is to keep diamond fucking handing those shares. Learn, read, study all we can from ETFs to options to futures. Most importantly support Gamestop. Below are some graphics outlining what's described above. + +&#x200B; + +https://preview.redd.it/4ynft777wt681.png?width=577&format=png&auto=webp&s=62c19a1ebde4badc0698b3d7020e03614f0a1112 + +Cycles on ETFs + +&#x200B; + +[ ](https://preview.redd.it/00eq3epawt681.png?width=2610&format=png&auto=webp&s=5a82594c7b114340c3b52da2b1dd75a686e4c274) + +The Heartbeat + +https://preview.redd.it/droeiytcwt681.png?width=2622&format=png&auto=webp&s=458d5513a307e76217824bc42055787e37967d24 + +&#x200B; + +https://preview.redd.it/nk2yb1smwt681.png?width=2614&format=png&auto=webp&s=f73c05427184181224219e873f01c1e89260f243 + +&#x200B; + +Original Data Set: Lots of colors! + +[https://docs.google.com/spreadsheets/d/1vhbn6HqmkhwHqtSj0CDNHeCNuNOp-hPcmfur0pZUuFs/edit?usp=sharing](https://docs.google.com/spreadsheets/d/1vhbn6HqmkhwHqtSj0CDNHeCNuNOp-hPcmfur0pZUuFs/edit?usp=sharing) + +&#x200B; + +&#x200B; + +https://preview.redd.it/yrw19am2xt681.png?width=1060&format=png&auto=webp&s=177931cf70767cb73a0028e12c1524e340c6c9a6 + +&#x200B; + +https://preview.redd.it/2ztoacoqxt681.png?width=1060&format=png&auto=webp&s=a39c04b0648648a2729b5a2fccb8ac5f429e14c6 + +&#x200B; + +TLDR: Yes, another cycles pattern (I know, I know). This one has data! Also we may very well squeeze in January, but we may also follow the patterns set forth by ETFs. See you all on the moon! 🚀 🚀 🚀 +So i recently got a job at ups for local sort at 14.50 an hour. I get full medical benefits after 6months? a 1$ raise every year. I plan on Applying for delivery as soon as i get my liscence i need to have had it for 2 years as well, starting pay for that is 22.50 an hour, after 5 years im bumped to top pay at 45-50$ an hour, and i plan on driving the feeder trucks as well. Planning everything in my head, I should be able to afford a house by the time im 26-27. Does this sound like a decent plan? My parents say i should just take out a home loan, but i would prefer just to pay it in full wothout having to worry about a mortage. i plan on doing the same with the car im going to buy. Edit: i am 22 +By pure luck I bought some CNQ and CVE back in Nov 2021 which has offset my losses of holding AMZN. + +What are your educated estimates on how the energy (oil & gas) companies will fare? Are there drivers for oil and natural gas to go even higher? Or maybe factors to make oil fall back to $80 per barrel (which will cause energy stock prices to fall accordingly)? + +Looking for serious replies. Thanks. +[The Stupidest Thing You Can Do With Your Money](http://freakonomics.com/podcast/stupidest-money/) + +About half way through right now, great to here Jack Bogle talk about how he started Vanguard. + + It’s hard enough to save for a house, tuition, or retirement. So why are we willing to pay big fees for subpar investment returns? Enter the low-cost index fund. The revolution will not be monetized. +Wall Street is increasingly worried about a world dominated by index funds and ETFs. + +Elliott's Paul Singer, one of the most respected hedge fund managers out there, said the decline of active management is hurting the free market. + +"Passive investing is in danger of devouring capitalism," the hedge fund manager wrote in a July investor letter, the contents of which were confirmed by CNBC. "In a passive investing world, small shareholders have little-to-no voice and no realistic possibility of banding together, while the biggest shareholders have no (repeat, no) skin in the game so long as the money manager does not underperform the index." + +Elliott Management has $32.8 billion of assets under management as of May 2017, according to Reuters. Singer founded the firm in 1977. The manager's investor letter remarks were first reported by Bloomberg News. + +His comments come as a ETFGI.com report last week showed that assets in the global exchange-traded funds industry alone (not including index funds) amounted to $4.17 trillion a the end of the second quarter, a trillion dollars more than the hedge fund industry Singer calls home. + +"What may have been a clever idea in its infancy has grown into a blob which is destructive to the growth-creating and consensus-building prospects of free market capitalism," Singer wrote. + +He's not the only one on Wall Street sounding the alarm. Hans Redeker, global head of foreign exchange strategy at Morgan Stanley, told CNBC in July he is concerned over the decline of active fund management. + +"I do not like what I see, because you have to consider when you have people getting more involved with passive investment strategies, the market will be less able to react to minor distortions or minor declines on the fundamentals side," Redeker said. + +"From an aggregate point of view it is frightening. It means that at one point you will not have the active end in the market to stabilize it. You would have just the passive guys getting into herd mentality," he added. + +Approximately $2.2 trillion of assets are indexed to the S&P 500, according to the S&P Dow Jones Indices' website. In 2016, passive funds attracted a net $508.4 billion while active suffered $340.1 billion in outflows, according to Morningstar. That trend has continued this year. + +Elliott is still sticking to the active management game though. In fact, the firm on Friday revealed a 4.9 percent equity stake and 1.1 percent of additional long exposure through derivatives in NXP Semiconductors. It said in a filing the company's shares are "significantly undervalued." + +Elliott Management did not respond to a request for comment. + +https://www.cnbc.com/2017/08/04/as-etfs-blow-past-hedge-funds-paul-singer-has-had-enough-says-they-are-devouring-capitalism.html +I’ve seen so many different Twitter posts that have nothing to do with GME popping up in this sub. It’s cringey screenshots from random Twitter accounts that nobody has ever heard of and nobody cares about. Like seriously, we all agree that we don’t like the billionaires who oppress those under them, you don’t need to continually post these random tweets that are just reiterating what we already know. Not to mention, simply saying “eat the rich” or whatever has nothing to do with GME. Essentially, if the content that is being posted here has NOTHING TO DO WITH GME, then it DOESN’T BELONG IN SUPERSTONK. I shouldn’t even have to say this because of how obvious it is, but the mods haven’t done anything about these posts yet and it’s pissing me off. I’ve seen like 5 or 10 different Twitter posts hit the front page of the subreddit and I’m still baffled as to who is upvoting this garbage. Is this Facebook? No. Is this a subreddit dedicated to GME and ONLY GME content? Yes. Please, stop. + +Edit: I really can’t believe I have to link this. Here is the sidebar of the sub that gives the description of what is to be discussed in this sub. If you link me to something else, idk bro, you’re just wrong! [SUPERSTONK SIDEBAR 9/1/21](https://share.icloud.com/photos/0ZLzkB92KhI5bSQtQyMtOlhvA) + +Edit: u/strafefire brought up something very interesting. The older sidebar for the sub as well as the WIKI don’t mention that this sub is GME only on older versions of Reddit. This needs to change to match the current sub description because I can definitely see how this could confuse many apes! +Let's say tomorrow you wake up and decide to check the crypto charts. You have sleep still in your eyes and your vision is blurred, but you notice something odd. You rub your eyes and OH FUCK Bitcoin is down to $1! The news coming out is obviously terrible. Everyone is saying to not touch Bitcoin with a 10 foot stick. + +Do you say fuck it Bitcoin is dead, twas a nice run. Or do you buy a couple hundred and say Viva la Bitcoin! I would buy some, even if it just meant holding on to some history. + +Edit: I'm glad to see 99.99% of this community would still buy Bitcoin after a 99.99% crash in value. It almost brings a tear to my eye, we must really believe in the future of crypto. +Please include trading time-frames and what your strategy is based on. What is your personal edge and personal curse when it comes to trading? Mine is that i can predict where price will be correctly more often than not, but my entries are ass. I trade channel breakouts on the 2min/5min and roll a dice to measure my SL size (joking) +I’m not saying it is imposible to be profitable or that the ones who are just lucky, but I’ve been coding lots of strategies and backtesting many more, and each time is the same: + +If risk:reward ratio is x:y, percent profitable then becomes very close to (x/(y+x))*100 %. This means that even if you use it in a certain time window, and you end up with net profits, it’s likely just luck, because given that risk:reward ratio and percent profitable the results have a tendency towards 0. + +I’m not saying I’m looking for a 1:4 risk:reward and 90% winning strategy, but I cannot bring myself to trust a 1:4 21.6% or a 1:2 33.6% strategy. + +How do you guys manage this? Do you use strategy with better numbers (something like 1:1 65% or 1:5 25%)? Something that can’t be coded of backtested with a software? Or just don’t care/haven’t tested it that hard? +I'm in desperate need of some help with my trading. I've been at it for two years now with no profit or withdrawals. I've not had the privilege to afford any course or mentorship. I've learned everything from YouTube and a few course leaks. The latest being astro 2.0. For some reason I've failed to piece things together and be profitable. I'm kindly asking for genuine help. I am very broke at this time and cannot afford any course or programs. +If you don't know what I am talking about, just type it up. Take 15 seconds of your time, go in google images, and see the difference when you type "Forex lifestyle" and "stock market lifestyle". + +Theoretically, Forex trading isn't much different than stock trading. Both are financial markets using charts with candlestick that create the same patterns. Both rely on reports, news and the economy. Also, just like the stock market, banks and big insitutions trade forex too. + +In fact, forex is the largest financial market in the world with a daily volume around $6.6 trillion compared to only $200 billions for all the stock markets. Forex is responsible for the exchange of goods between countries. It is literally the foundation of a worldwide economy. + +So why is it that when someone asks you what you do for a living or that when you tell someone you're trading forex, you always get that weird suspicious look as if you're a fraud yourself. + +Why is it that people don't take seriously what you do and what you love doing, because they have this weird idea of a pyramid scheme created in their head. People are so lost. I mean, how could it even be a scam lmao. No matter what you trade: stocks, options, etf, bonds, forex, name them all... trading is trading. + +As long as I am making money and know what I am doing, and couldn't care less about other people's opinion nowdays lol. But lately I've been asking myself this question and I simply wanted to know other people's opinions. + +So back to my question: why does Forex gets such a bad rep? +I've doubled my daily spend since the dip. + + +1) The Coronavirus hysteria isn't going to last forever +2) The halving is still coming +3) Do you really think BTC won't be back up over 10k again in the next 18 months? +TL, DR: $PLTR is **a huge long play** and the company has its toes dipped in essentially every single industry. + +Here are some fundamentals: market cap 44.6bn, 2020 revenue 1.1bn (482m from commercial, 618m from the government), and consistent earnings beat. + +In 2020, their revenue increased by 47% and they signed 21 contracts during Q4 2020 (21 in 13 weeks = **avg 2 contracts a week last quarter**) and they are working with 8 companies of Fortune 100, 12 of Global 100, and 24 of Global 300 (LARGE potential growth in the future). + +From 2019 to 2020 they increased their revenue from the commercial sector by **107%.** This is very important as the commercial sector is where they will profit from the most. + +Palantir currently has two products Gotham and Foundry, with Gotham being used mostly by the US government and Foundry is for the commercial sector. Essentially these two software work by integrating with the customer's existing system and simulating different operational models and outcomes for different decisions that the customer makes. To me, this technology is revolutionary as proven by how unpredictable the state of the world economy is right now. + +A few of the big names that are working with them now is **IBM**, **PG&E**, **BP**, and many hedge funds and banks, and a big one recently is a 31m contract with **NHS England** where they are working to handle vaccine allocation **(**this is significant as the UK is facing a historically tough recession**)** + +They have been consistently working with the US government on multiple contracts using Gotham, from finding bin Laden to verifying Iran's nuclear presence in 2018. Palantir is **one of the four** institutions that were given DoD IL-5 and on their way to DoD IL-6, to give you a scale Google is DoD IL-2 and Oracle is DoD IL-4, meaning they are responsible for handling extremely sensitive information for the DOD, their most recent contract is *project Maven*. Essentially Palantir is the CIA's AI twin. + +Looking back at the fundamentals, especially with the P/S ratio of over 40 right now, it can be overpriced to get in. But in the near future, PLTR will be the best stock to hold for 5+ years as the sky is their limit. + +Edit: forgot to put my position 300 @24.9 +**EDIT: UPDATE AS OF NOV. 16, 2022** + + +Geico is giving us the run-around. As some redditors have noted, Geico is experiencing severe labor shortages as they have been closing offices, making layoffs, and facing resignations. See /r/Geico for the drama. I am almost definitely changing insurers after this. + +Anywho, we contacted Geico who had assigned a "Liability Adjuster" and an "Auto Damage Adjuster" assigned to the claim. We were told that the other driver (who caused the accident) has only the state minimum coverage for property damage liability, and if he is determined to be at fault by Geico, he will be on the hook for the below list. + +What's incredibly frustrating is, we contacted the Auto Damage Adjuster who is supposed to be in our local area and complete the inspection of my car at the local body shop. He told us that his supervisor assigned him to go work in another state for this entire week, and given the Thanksgiving Holiday, he may not be able to inspect my car for ***weeks.*** This will result in $75/day storage fees at the body shop for a delay out of my control. **As an aside, does anyone know if there are laws or if I have a right to a speedy inspection?! Wasting 2+ weeks from the date of the accident seems insane to me.** + +Anyways, the other driver's policy is likely going to have to pay for: + +1. damage to my car +2. damage to the BMW he pushed my car into +3. damage to the utility pole he pushed my car into +4. storage costs for my car at the repair shop, and +5. reimbursement costs for any car rental I make. + +I am kind of of the opinion that, given this guy has a limited amount of coverage, I should do my best to minimize #4 and #5 above. I don't want to rent a car only to find out I won't be reimbursed. Similarly, I might have to get my car towed to my house, rather than sit at the shop and incur $75/day storage fees which eat away at the funds available. + +I am **very concerned** that Geico is on either end of this (my insurer and the other driver's). I worry that they will try to assign part of the liability/fault to me, though I did absolutely nothing wrong. If that happens, I may get an attorney and/or file with the State of CT's consumer agency that deals with CUIPA (Connecticut Unfair Insurance Practices Act). + +All of that being said, I don't feel like getting a lawyer will be worth it. My car is only worth maybe $8k, I was not injured so no medical bills. I am actually a lawyer myself but work in a completely different area, so I don't know much about insurance law. + + +----- + +**ORIGINAL POST IS AS FOLLOWS:** + +I am in Connecticut, USA and yesterday I was hit by a driver who failed to look before merging. I have (had?) a fully-owned 2010 Subaru Forester. + +I have never been in an accident before so I wasn't sure how to proceed; is there a guide for this sort of thing someone can link me to? + +**Details of the accident:** + +Another driver (insured with Geico in CT) merged into me, sending me off the road into a telephone pole. I suspect my car will be totaled, because the airbags deployed and the front end is totally smashed, radiator leaked out, etc. I called the police and made sure they made a report (to be published soon??), and the other driver stated it was his fault to the LEO. + + + +**Steps I've taken thus far:** + +Once the police OK'd it, I called my AAA coverage and had them tow the car. AAA actually arrived early while the police were wrapping up, the AAA employee recommended that I call around to various auto body shops to confirm who had space. I did so and identified a local body shop, where I had my car towed to. + + + +**What do I do next?** + +I desperately need a car to get to and from work, however I do not have rental reimbursement on my own auto policy. I have Geico as well. I have collision coverage with a $500 deductible. My questions are as follows: + + +1. I am under the impression that I should not make a claim under my own policy, because the accident was not my fault—is that correct? The insurance agent I spoke to told me I could "use my deductible" on my own policy to get paid out faster, but isn't that counter-intuitive given I did nothing wrong? Wouldn't that result in me eating the deductible, or would I be able to be reimbursed for that? +2. I contacted Geico and stated I would like to make a claim against the other driver's policy. They stated they had assigned an adjuster, provided me his phone number, and said they would perform an inspection "soon" at the shop I had my car towed to—am I correct in guessing this will take weeks? Should I have the car towed to my driveway to avoid storage fees? +3. What kinds of questions should I be asking the insurance adjuster? +4. **How can I get a rental ASAP? How long should I expect to get a rental for? A bit of googling indicates that I should be permitted to get a rental paid for by the other driver's policy once "fault" is determined; from what the adjuster told me over the phone, it seems the other driver basically admitted it was his fault, and Geico won't need to wait for the police report to make a determination of fault. It sounds to me like I should be demanding a rental now, right?** +5. Do you have any advice on how I should proceed? +6. For future reference, where should one tow their car after an accident? I didn't think to have it sent to my house, but maybe that was the right move? + +I already understand the haggling process once Geico is ready to write me a check for the car's value; it's getting there that has me confused. + +Thank you so much, I am so frazzled. +📢CALLING ALL ANIMAL LOVERS📢 + +💖Paws token provides charity for animals.💖 + +We all love animals and so does the Paws community. + +**PAWS’ Primary goal is to help streamline the donations towards animal shelters, conservation, and charities through a centralized platform that guarantees the authenticity of the organizations.** + +**Making the whole donate process more transparent, easier, and present you with credible choices.** + +🐶4% Redistribution + +🐶 4% Liquidity Pool + +🐶 Website: [https://animaladoptionadvocacy.com](https://animaladoptionadvocacy.com) ([https://animaladoptionadvocacy.com/](https://animaladoptionadvocacy.com/)) + +🐶Audit: [https://animaladoptionadvocacy.com/wp-content/uploads/2021/04/Audit\_04\_12\_SWILSON-FF.pdf](https://animaladoptionadvocacy.com/wp-content/uploads/2021/04/Audit_04_12_SWILSON-FF.pdf) + +🐶 Whitepaper: [https://animaladoptionadvocacy.com/wp-content/uploads/2021/04/Whitepaper\_content\_SWILSON-FF.pdf](https://animaladoptionadvocacy.com/wp-content/uploads/2021/04/Whitepaper_content_SWILSON-FF.pdf) + +🐶 Instagram: [www.Instagram.com/pawsteamofficial](https://www.Instagram.com/pawsteamofficial) + +🐶 Twitter: [https://mobile.twitter.com/pawsofficial1](https://mobile.twitter.com/pawsofficial1) + +🐶Telegram:[https://t.me/PawsOfficial](https://t.me/PawsOfficial) + +🐶DxSale:[https://dxsale.app/app/pages/defipresale?saleID=1401&chain=BSC](https://dxsale.app/app/pages/defipresale?saleID=1401&chain=BSC) + +PROJECT IS A LEGAL ENTITY, IS ON THE TENNESSE GOV SITE: + +Check here: [https://tnbear.tn.gov/Ecommerce/FilingDetail.aspx?CN=178110195244216159112163215215012228160206107168](https://tnbear.tn.gov/Ecommerce/FilingDetail.aspx?CN=178110195244216159112163215215012228160206107168) + +Join the telegram for much more info which is pinned. + +Good news everyone. We decided to do our very first, one of many, donations. The longer we stay in the game, the more charities we will be donating to, and hopefully, having a direct partnership with. To learn more about our friends, the mango troops, please open the PDF in telegram pinned. +**Part 2/2** + +Much obliged, u/grungromp. Really appreciate you taking the time to mod this sub. + +**Link to 1/2 -** [https://www.reddit.com/r/Superstonk/comments/ptwy8m/china\_may\_have\_won\_world\_war\_3\_without\_firing\_a/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/ptwy8m/china_may_have_won_world_war_3_without_firing_a/?utm_source=share&utm_medium=web2x&context=3) + +Link to 1/2 on profile -[https://www.reddit.com/user/MarkLawH/comments/puri7e/china\_may\_have\_won\_world\_war\_3\_without\_firing\_a/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/user/MarkLawH/comments/puri7e/china_may_have_won_world_war_3_without_firing_a/?utm_source=share&utm_medium=web2x&context=3) + +**The Black Hole of Opportunities** + +With Huawei executives still traipsing from studio to studio trying to execute a PR plan they’d clearly had no training in and exhibit charm they were clearly never born with, some began to wonder whether Deng may have made a slicker job of calming world jitters than his successors. After reading the room for a while, Xi Jinping stood, made eye contact with every single Chief Executive worldwide, then began to calmly and patiently explain the concept of ‘capitalism with Chinese characteristics’ by taking a wrecking ball to his own economy. In he stepped to quite deliberately dynamite Jack Ma’s $38 billion Ant IPO, which had $3 trillion in orders. In he stepped to quite deliberately eviscerate the perfectly viable Didi, fresh from a $68 billion valuation. Macau, a great deal more valuable than Las Vegas in terms of revenue and a taxation goldmine, saw $18 billion wiped from casino stocks as the government vowed harsh new regulations and licensing laws. More regulatory, tax, and social clampdowns came thick and fast. Kids are now restricted to two hours of videogames a week by **law**, tanking associated stocks, including the vast Chinese interests. Children now have to login through **police fucking databases** to play Fortnite. And you know who designed and manages that system? The nice people at Tencent. Who, by the way, also own a huge chunk of Fortnite that we decadent Westerners allow to rot our children’s synapses for a lot longer than 2 hours a week. And you know what? I spend a lot more time talking seasons and skins with my kids than discussing authoritarian regimes and investing for their futures. Pow. One more in the win column for Xi. Private education companies – patient zero, the original ‘skirmish’ – were told to re-register as non-profits or face ‘de-listing’, wiping billions from going concerns like TAL and Yuantiku, fresh from raising those billions in the US to inflate values which were then used as collateral for loans from US banks. See how the game works? + +Here’s the rub; the Chinese government restricts videogames for children, whilst at the same time making extra online schooling free. What is any right-minded parent going to make their child do with all that extra free time and bandwidth? Yup. This was Deng’s 863 Program for the TikTok generation. But at the same time, the companies who implement and monitor this are buying up vast amounts of shares in US videogame developers to keep our kids quiet, happy, and stupid. + +Then there’s Ali-fucking-baba. Apart from openly facilitating the sale and distribution of the estimated 70% of counterfeited goods worldwide that originate in China, Jack Ma, one of the world’s richest Communist Party members is alpha testing his **own system of social security**. Supposed to be up and running last year, the Chinese government is mashing together data like your shopping habits, friends, credit score, criminal record, and fingerprints to generate a user ID, “a single scoring system assessing Chinese citizens’ economic and social reputations, which can affect travel allowance, school choices, work, etc.” The number assigned to you – not your name, you no longer have a name – can then be entered into a national database that will produce a forensically detailed record of your entire existence and how fucked you are because of it. If that doesn’t sound like some cold-blooded Orwellian shit to you, then you, my friend, might be a sociopath and/or a Risk Manager. Due to Covid, status unknown, but Jack Ma is not shy in talking about his belief that data capture by Alibaba can help his government ‘deter crime’.. With the exception of counterfeiters, probably. + +Why did Xi kill the Ant deal? Ma had the temerity to suggest, in a roundabout fashion, that ‘regulators’ – the PolitBuro – might be a little old to *really* understand youth markets. Perhaps without even realising how radically he’d gone off the reservation, Ma was summoned and forced to watch as Jinping put a gun to his newborn’s head and coolly pulled the trigger. $3 TRILLION in orders. The IPO’s suspension is estimated to have personally cost Ma $3 billion; a loyal Party member, a servant of the cause. Don’t try and bend the spoon, Jack. That’s impossible. Instead, realise the new fucking truth: you, money, the whole fucking market, is just a tool, a means to an end in a much larger plan. Now get the fuck out of my office. + +What did Didi do wrong? In all likelihood, not much. In fact, they probably did everything *right*. They took tens of billions of dollars from the likes of Uber and SoftBank, with the stroke of genius being that, having already cost the Japanese firm $4 billion, SoftBank then also dumped their shares in Uber to cover the losses on Didi. But wait, there’s more! Uber had handed over their **entire** Chinese business in exchange for equity in Didi, with the mainstream media crowing that Jinping was punishing Chinese companies for US IPOs. Communists so stooopid LOL. Look at the facts; lots more money, no more Uber. Ride hailing apps. *Biiiiig* fuckin data. + +Tencent? Well, their expertise is writing the adaptive algorithms that power Chinese state censorship, the Great Firewall that’s scanning this and everything else written about China on Reddit, amongst some other very shady shit. But they’ve also been tasked with playing a different string on the zither entirely. CEO Ma Huateng’s job is to spot the next generation. He’s scouted and executed strategic investments in what some estimate is anything from 800 to 1000 startups, each and every one of them now in hock to the government. Jack Ma was on stage with a mic, hyping the crowd, Xinping’s Flavor Flav. Didi CEO, Cheng Wei, is ex-Alibaba, a company man and expert administrator. Huateng’s the dude in the skinny tie and Raybans, cross-legged in a leather armchair, smoking, watching. Nouveau champions, nouveau riche. + +And then there’s Evergrande. The real estate behemoth is now insolvent, has suspended trading of bonds, and is expected to default imminently on many of its vast obligations. This is where contagion can burst like a supernova, as there are nearly 300 institutions on the hook for Evergrande’s debt, including BlackRock, UBS, Ashmore, and Legal & General. The majority of those are Western banks and pension funds, but literally **no financial institution worldwide** is outside the event horizon. Notwithstanding Evergrande’s debts being $300 billion, a staggering 2% of China’s GDP, the company also has a permanent staff of 200,000 and hires over 3.5 million contractors a year, so this outfit alone will be responsible for some sizeable blips in not just China’s but the *world’s* employment numbers. But here’s the thing; Xi Jinping very, *very* deliberately caused this by enacting corporate debt restrictions for real estate companies that he knew full-well many of China’s largest developers were already trading irretrievably in excess of. As of now, the government, possibly needing a sit-down and a protein shake after their sustained bloodletting, remain impassive, saying there will be no bailout of the stricken corporation, even though it will likely crater the entire housing market; residential and commercial. And this must be stated loudly; the Chinese were *really* getting into buying off-plan, so the first money to evaporate will be the deposits of hard-working individuals, not corporate slush funds. If CPCG and SOHO China are the next dominos to fall, particularly after SOHO switched from a build-to-sell to a build-to-hold strategy – and how unlucky is *that* timing, right? – this could mean their huge portfolios of real estate, much of it ultra-prime, could potentially be rendered worthless. + +See, some commentators are saying there is no conspiracy here, that this is simply the cyclical result of overspeculation. The Shanghai stock market had surged 150% in the 12 months leading up to the crash. It was too hot. This was *iiiii*nevitable. Others are asking why the authorities aren’t doing more to arrest the panic, as, at the time of writing, more than 1000 shares and bonds have been suspended to stem the sell-off and avoid loan defaults calculated against sky-high valuations. Sure, they cut interest rates and spread a little bailout money around, but 80% of investors in China are retail, and they’d been ‘encouraged’ to take out loans to play the markets for years, consumer credit that the government allowed to be cheap and barely regulated. The third camp is asking why on earth the Chinese government would deliberately pull the pin on this and then calmly walk the grenade into a missile silo. Nothing is accidental. + +**The Rug Pull** + +Now, my opinion, for whatever it’s worth, does require a little tinfoil work. But here goes: A large cadre of hardened Marxist-Leninist revolutionaries fight tooth-and-nail for a century for the Communist cause, a struggle that sees millions of their comrades die in wars and famines. They are mocked and marginalised for decades after suffering a hundred years of military defeat, national humiliation, invasions, foreign control, and atrocities. Then this most controlling of regimes permits the coronation of an alleged economic reformer, despite twice purging him in the early days for not being radical enough. Not purged and imprisoned for life or purged and murdered like the others, but purged only to be repeatedly re-invited to the top table. His open doors/open arms policy and stunning early returns start to suck money into a centrifuge that is gaining momentum. More foreign money goes in. Even more Chinese money comes out. The institutions are convinced, and the money centrifuge is approaching black hole status. The Chinese government watches, taxes, calculates. + +A new helmsman, Xi Jinping, takes the wheel. Over this period, cyberattacks worldwide rise to unprecedented levels and large data breaches are daily occurrences. It’s no secret that the NSA and GCHQ are tracking a large number of these back to well-funded hackers in China. What if China intended this crash all along? What if letting their market fall by 30%, real estate by more, insurance and financial services by still more, is just the beginning, because the short term simply doesn’t matter to them? The losses are predicted, within tolerable ranges, and all part of a plan. Then, when things are at their bleakest, the Chinese government appoints state-run administrators for each and every one of these distressed entities, these smoking, bullet-riddled hulks. They casually amble around the assets with their clipboards, puffing out their cheeks like decorators pricing up a job, then offer dollars – possibly *cents* – on the square foot for what Evergrande and SOHO paid thousands on the square foot. They shuffle off to make the same offer to manufacturing, automotive, finance. They say that the state rescue offer will be equity based. They’ll own the land again and they’ll own large chunks of companies dragging themselves back to profitability. + +Let’s go further than that. Let’s say that the brutal repression we’ve seen in Hong Kong is not the end of this British-built bastion of the international free market, but the beginning. Draconian new laws are seeing nonviolent protestors arrested, the free press shut down, sinister military units and plainclothes secret police violently dragging away protestors, dissidents jailed for decades, for **life**. Running for the Executive Council as a non-Communist Party member and hardcore loyalist is now impossible and religious clampdowns on the former colony have begun with cold, frightening efficiency. What if the Chinese government has a plan to underwrite loans to the companies crying out for credit? Not just in China, but worldwide. They now have equity **and** a large share of the corporate and consumer credit market. What if the Chinese banks with large domestic exposure ends up being subsumed, trillions in seized assets of foreign origin then coming under the control of the government? The Chinese government, remember, have one of the most awesome financial weapons on earth at their disposal; the ICBC. The Industrial and Commercial Bank of China doesn’t function as a central bank; that’s the job of the Party. The biggest bank in the world, with $4 trillion in assets, is a state-owned commercial lender. Before Brexit, people said financial institutions didn’t **have** to leave London. What if those same institutions simply **can’t** leave Hong Kong? + +By this point, Western banks are caught in a terminal whirlwind of sell-offs and write-downs, desperately trying to cover their now-worthless positions in China with a fire sale of US and European equities, bonds, and commodities. Pension funds are having a collective aneurism, the futures of millions mortgaged not against the failure of China – that ship has sailed – but now invested in the **rebirth** of China under the total and absolute control of the Party. They’re locked in. Maybe for generations. Possibly forever. Debt is downgraded and downgraded, B to CCC to D, descending to junk status. Once-mighty corporations are humbled. Lenders become borrowers. Time horizons might just be very different concepts between East and West. + +**Once in a Lifetime Opportunities** + +These are the catalysts I’ve talked about before for GME MOASS; a series of large international crises in quick succession that pull focus – and cash – away from a battle to keep downward pressure on the price of one stock (or at least a TRS basket), and into a more existential battle. I believe this will then make GME stand out as a safe haven and money will begin to flow inwards while the SHFs are looking away, another front opening up where the existence of a greater number of larger institutions are at stake with bigger players calling the shots. Shiller P/E, inflation, reverse repurchasing, (un)employment, stimulus tapering, and thus the mathematical probability of FTDs is made certain. + +In fact, frighteningly, a large redistribution of wealth in the West might not only be a welcome bonus in Xi’s game, it might just have been the game all along; sucking all the lifeblood out of Wall Street – perhaps Frankfurt, Sydney and the City, too – and rebuilding Hong Kong in his own image, with thousands of experienced financial professionals, now unemployed and feeling betrayed by central banks, who could quickly migrate to Asia and begin trading as soon as they’re at a desk. Better than that, Sotheby’s, Christie’s et al set up in Hong Kong *precisely* because of the vastly inflated prices that the champions were willing to pay for art, jewellery, and antiques. Sooo, basically anything you’d crack open the safe and tear up the floorboards to sell in an emergency is already gone? And you invested the returns in China? Fuuuck. Everything is deliberate. + +**Your Capital (Market) is at Risk** + +Everyone knows that the next epoch belongs to China. What nobody knew was that legally and illegally – ethereal concepts to the Party – the Chinese government has been concreting in the inevitable by funnelling billions into cyber attacks and datamining on a global, industrial level, whilst positioning themselves to be in total control of world credit markets from a financial HQ hand-built for imperial control then gifted to them by the UK, a state Chinese leaders have considered ‘hostile’ for centuries. They’re not interested in learning the same lessons as the West from Enron or Lehman or Credit Default Swaps or Iceland or Black Monday/Wednesday/Sunday. They were watching closely and calculating how they could be the ones pulling the strings, collapsing the pyramid of playing cards built by disparate foreign and domestic money managers before building it back on their own terms, no negotiation. + +The timing is perfect. Europe has been weakened by a generations-long campaign undertaken for them by Russia, their thuggish, money-hungry henchman-in-chief, at a time when the EU was perhaps the only potential candidate to counter the onslaught. The US has failed to learn lessons from 2008, leaving markets fragile and corrupt. COVID has left thousands of institutions scrambling to claw back losses, desperately looking for energetic markets that demonstrate any immunity whatsoever, particularly since Chinese-led calls for cryptocurrency regulation, having long ago banned it from domestic markets, have again made the West wary of DeFi and evaporated huge chunks of crypto mining. There’s simply no point in citing the international treaties, WTO rules, or legal statutes in place to counter this campaign, because those are a collective irrelevance to Jinping. The Leninists had a saying about the West; “They will sell us the rope with which we will hang them.” That’s Jiangxi Soviet. That’s Mao. That’s now. + +Still don’t believe me? Okay, look at the ‘other’ coming crunches; semiconductors and lithium. Oil was yesterday’s war, so China has taken a lot of that sweet foreign investment and heavily subsidised the entirety of its semiconductor industry whilst vastly outstripping the competition in mergers & acquisitions deals in the sector. The other three players in Asia, of course, are Japan, Taiwan, and South Korea, and China’s got major beef with all of them. None of these age-old foes can compete forever against massive state subsidisation. + +Lithium? China is the world’s third-largest producer and is estimated to be sitting on the fourth-largest reserves. You know what doesn’t need a battery and silicon chips? Toys your grandparents played with.. Fruit.. Not much else. But national footprint be damned. China’s Belt and Road Initiative, an undertaking requiring vision only gifted to cinematic supervillains, is not designed for school buses and commuters, it’s designed to move heavy plant machinery to those neglected parts of the world that have either been abandoned by the US, forgotten by the Europeans, or in whom the Russians have lost interest. Ask an Uzbek or a Tajik, and they’ll tell you that a whole bunch of airstrips and highways have been appearing, almost overnight and seeming to serve no purpose. Many shopkeepers in Mongolia have lithium, not tourism, to thank for foot traffic. Lithium/opium. But these things are not for *now*. They’re for soon. For later. For whenever the next unlucky explorer triggers the next fatal boobytrap. + +See, here is a plan coming together that’s been thousands of years in the making. By learning from hot wars in Europe, the Pacific, Korea, the Middle East, and the Cold War with Russia, Xi now knows *exactly* what it would take for the West to drop bombs – particularly nuclear-flavoured bombs – and financial and cyber crimes simply don’t pull triggers in London, Brussels, and Washington. + +The Chinese government know the people won’t mind being poor again because they’ve been poor before. Not historically, but in their own lifetimes. To them, it doesn’t matter if you’re the CEO of an e-tailer, or one of their packers; wealth comes and wealth goes. Only the cause is eternal. As a populace and as a government, their history – their *ancestry* – is taken very, *very* seriously in China. They also know that poverty, famine, and war are transitory in a way that will never be understood in the West. If the populace seems relatively indifferent to the despicable human rights abuses being committed against the Uyghur Muslims, Tibetan Buddhists, and practitioners of Falun Gong, it’s because, again, pain is transitory, and the State doesn’t permit them to be anything *but* indifferent. The government fosters the idea that these oddities and outliers simply haven’t made the rational decision to let the State decide for them yet. It’s just what happens when leaders have never been freely elected, and the West is misguided in thinking that this system, deep down, is not what the poor foreigner wants. We’re projecting our pathological hand wringing and worrying into an echo chamber. We’re hearing our own spectral, disembodied voices emanating from the depths of the cave and mistaking them for cries for help. + +The emperor’s mindset becomes a simple question of how he can require history to remember his dynasty as superior to those that have gone before. The body count is irrelevant. If empires have an average lifespan of 250 years, then 2026 marks the 250th anniversary of the birth of America. The British had a good run, so too the French and the Spanish, but the two World Wars put so many empires to the literal sword in making the typical error of overreaching in their quest for power that the lesson to learn was not to go searching for riches, but have others, with death knells tolling, deliver the riches to you. + +**Sweet tinfoil hat, bro. Care to join me in my bunker?** + +Soo.. Buy gold, right? On an exchange? Why? I’d be willing to bet that the commodities markets will be the most resilient to the new world order, but that’s only because commodities tend to be clunky, unwieldy, slow to ship. The ‘smart’ money is *selling* gold, and these sales will increase exponentially, making any gains temporary and resistance finite. Be-*caaaause* guess who’s doing all the buying? China! At a rate of about $3.5 billion a month since you ask. They’re shipping more that 900 tons a year to the mainland, because leaving it in some Swiss vault would be short sighted, and short sightedness is not their bag. + +Cryptocurrency? Decentralised things, particularly currencies, don’t sit right with Xi, and mischievous scamps playing super-fun games claiming Japanese origin alone could have added Bitcoin to Xi’s lengthy and largely inherited shit list. But not liking something is not a good reason to not want to control the world’s markets of something. There’s a very serious question of how much Tether is underpinning and/or manipulating the world’s crypto markets. Tether is owned by Bitfinex. HQ: Hong Kong. Registered Office: the Caribbean. Besides, the core components required in crypto are semiconductors and lithium, and soon we won’t have those. Not cheaply, anyway. Buuut.. you bought some NFTs, right? Cool. Go see the guy with the clipboard and he’ll quote you for the resale value. + +**Now All Your Bases Are Belong to Us** + +Xi’s predecessors were stone cold killers who built fearsome reps and unquestioning loyalty by leading chariot charges, bayonetting Japanese troops, and garrotting nationalists. Xi is a stone cold killer of a different grain, but the emperor’s purpose remains singular, and the message remains the same: Your entire economic structures, your national identities, the systems on which you rely, are totally and utterly meaningless. Sun Tzu, the famed general and strategist, said “The supreme art of war is to subdue the enemy without fighting”, and he was doing his best work during the Zhou Dynasty, the MVPs I was discussing earlier. Lesson learned. + +Douchebags from \[insert fund name\] keep asking in the financial media how serious these problems are for China. My question is how serious problems in China are for everybody else. Because problems in China and Chinese problems are very different things. But, by asking why anyone would want their growth to shrink back to 5 or 6%, they’re again projecting their own concerns, magnifying the weakness in their strategy. Not empathising. Not learning lessons. + +It’ll be in the comments that I’m some kind of Maoist shill. I’m not. I’ve lived my life as a decadent free marketeer, and I’ll die as one. What I’m pondering on is whether that will be on an island paid for by MOASS and the VIX, in a house I’m hopelessly upside down on with a weak set of spectacularly non-transferrable skills and unable to fund my flight to Lap Kok, or in a cave, trading my 1st edition Lugia holo for a hogshead of diesel and grading my potatoes B for battery and A for alcohol. Some will say that I’m not Chinese, I don’t understand. You’re right. And that’s exactly my point. Others will say I’m paranoid and dead wrong. One of those is true. One of those I hope is true. + +What can you do about this? Fuck knows. Learn Mandarin, I suppose. Personally, my money is in the certainties; GameStop and bear funds. + +The Chinese government may have won World War 3 without firing a single shot. Genius, probably.. But I’m not sure I want to be on the winning side. + +&#x200B; + +EDIT: Intro, thanks to mods +I am wanting to build some units on the outskirts of a California City, think Sacramento. The Housing Choice program pay rates are 500-700 more per month than my current tenants are paying in another building I own across the street. Granted, their rents are below market as the tenants have been there long term 10 years + and they usually pass off the units within their family. I haven't advertised a vacancy in a while and word of mouth has always kept them full before hitting the market. + +Sec 8 says they will do a 2 mile radius comparable but that too is unlikely to find a comparable unit as we are one of the only buildings for 5 miles or so. Lots of warehouse developments coming this way, Amazon to name a few. + +I'm worried about investing so much money in building these units if I won't be able to get somewhat close to the top of the rate card for Housing Choice. They say there are well over 50K people on the waitlist for vouchers and 7K who have vouchers, many of whom are struggling to find a place that will accept them. + +With this current housing shortage, what are the odds that Section 8 would say I am priced too high and not pay for their tenants to live in my proposed new building? Do they almost always agree as long as a tenant agrees? +Pretty much everything seems to be selling and fast here, rents are going up etc. + +I bought a triplex for 312k 2 years later i refinanced now evaluated at 400k. + +I see home near by and they are asking ridiculous prices and still selling, seems like people are willing to pay over what they should. + +My fear is as baby boomers die available properties increase as they are sold off by inserting family to pay capital gains which can be up to 50%. + +Theirs properties next to mine asking 550k while having more repairs to be done and making less rent. + +My property is pretty much turn key now, In the past year I've only had 2 calls from tenants. + +If I was able to make 200k profit I would have a nice downpayment for something better, or just keep it and let it continue to make more money. +My friend is on his fifth house. He buys one, lives in it for a couple years and then buys another/rents out the previous. Watching him do well, I finally thought I’d try my luck, but I feel like I don’t even know what questions to ask. He wants me to buy a duplex. He did the math for me and assuming high rent, I’d make about 700 a month. Sounds good, but I’d probably use a property management company; that and property tax. Probably would take home between 300-400. That’s up to an 11% return on my initial investment without factoring in any value increase! Sounds good, but that’s the perfect scenarios, hundred percent occupancy, no eviction costs, repairs... There’s just a lot of factors. Is this a good idea? I could also get an Air BnB or get two smaller homes... I really don’t know what to do and would really appreciate any info/opinions/suggestions. +I bought my SFH under market price late in 2018 and made some improvements and since then the value has nearly doubled. I really want to get stared on real estate investing and "I'm in the education process" still. + + +Question is, would you CashoutRefi your "main" home to raise money for an investment property? Would that be smart, or should I keep saving until I have enough for a 20% downpayment. + + +I do not have any debt other than my current mortgage. +the last 4 months I literally worked every single day, every day. the last 2 weeks i picked up a lot of extra overnights in my part time jobs. then i got a bunch of checks at once from my employers. + +for the first time, my account balance went over $3k! pretty excited... + +.... and then I paid rent and regular bills, got new jeans $30 and a new pair of sneakers for $20, $20 worth of market-rate toiletries and a small deposit into my 'leave this shithole town' account... + +I'm about to cry. + +Trying to remember the positive here, but id be a liar if i said I wasn't frustrated. +So, maybe I'm putting a bit to much thought into this, but over the past 5 years for example, Cibc, TD and BMO are all somewhat similar, with 27%, 38% and 47% returns in 5 years respectively. I'm looking to invest into 1 of the 3. Cibc pays dividends of .84 cents quarterly per share, td at .89 cents quarterly and 1.39$ quarterly but the stock is significantly more expensive than cibc or td. + +Would the best bank to invest in be TD, simply based on its middle price / share and dividend payout quarterly vs the bit lower cibc price or way higher bmo price? Or am I just thinking into this to much and pick one of the 3 banks and I'll be happy? +PART 1: Should Coinbase Add ETH? (My mini opinion editorial) + +I want to make a personal judgment call / statement on something here...... does Brian Armstrong have a moral and justifiable right to have input into Bitcoin Scaling Decisions? Does he have a moral and justifiable right to expose all of his Bitcoin customers to Ethereum? + +My answer is YES. Brian Armstrong / Coinbase was the greatest single marketside factor in the growth of Bitcoin. And he is being ignored, banned, ridiculed and attacked in the Bitcoin Core/Blockstream world for daring to have a strong opinion on a marketplace that he had ENORMOUS part in creating and building out. + +YOU ARE DAMN RIGHT HE HAS A MORAL AND JUSTIFIABLE RIGHT! + +I would actually go farther and suggest that Armstrong / Coinbase have an OBLIGATION to their 2 million users to offer them an intelligent, arguably safer and more predictable option for their investment monies and crypto holdings. (And I say that as One of those Coinbase Customers) + +TO BRIAN, if you were to look at MY coinbase account. You would see that it is basically empty, but that on regular intervals bank deposits from USD to BTC are routinely made - but they stay in Coinbase for about as long as it takes me to move them onto a trading exchange/Shapeshift, for conversion to ETH. AND IT WILL CONTINUE TO BE THAT WAY FOR AS LONG AS COINBASE IS EXCLUSIVELY BITCOIN! + +However, you have my word and guarantee, that if Coinbase - which I find to be one of the safest, most secure, and most convenient storage methods for bitcoin - were to add ETH - you would see an ENORMOUS influx of ETH into my account overnight. And I would keep it there. I am a HODLer. Now - I love JAXX, and I like the Mist Wallet. + I keep a small portion at Kraken and Poloniex. I even have some at small wallets like HolyTransaction, etc. + +BUT I WILL COME BACK - if you open the door. I am not saying this as a manipulation editorial to get you to do it for reasons of marekt movement, but because I WANT to return to Coinbase WITH MY ETH. I honestly miss the comfort feeling I used to have when I was a Bitcoin HODLer, of having a company like yourself (and Circle for that matter, yes, they had some too) - holding my coins. I have a lot of ETH/Money and I want a good chunk of it in an Internet BANK, which I consider you to be, and a damn good one. So - you actually are responsible for getting me into Bitcoin (Thank You!) BUT I HAVE LEFT YOU AND I WANT TO COME BACK!!!! Help me! + +PART 2: If Coinbase Adds ETH!! (to all you traders/hodlers) + +Coinbase has 2 Million User Accounts. +ref: https://www.cryptocoinsnews.com/bitcoin-exchange-coinbase-just-passed-2-million-users/ + +A Dual Wallet that allows you to hold Ether in Coinbase Accounts immediately allows ETH access to the existing 2 million users. Currently there are about 50,000+/- Eth holders I have seen (?) + +IF Coinbase CEO Brian Armstrong decides to add ETH to their offerings, then the playing field between BTC & ETH will equal very quickly. Coinbase will help do for ETH, what it did for BTC. It will get ETH well into mainstream quickly. + It will most likely get us ETH Debit Cards! (Yayyyy! I used to LOVE my Bitcoin Debit Card - till I abandoned Bitcoin in frustration over the damn circus over there). + +****************************** +CLOSING PERSONAL NOTE TO BRIAN ARMSTRONG: +Brian, if you are reading this, I want to say that as your customer, and as an existing account holder, I can tell you that for me, ETH/Ethereum has proved itself worthy, More Worthy than Bitcoin as a matter of fact. I know this isn't a light decision you may make. But I honestly think it is a decision you owe it to me as a customer to make. You got me into Crypto via Bitcoin. But I honestly cannot stay with it. I really, really tried to be faithful, and I stayed with bitcoin as long as I could. I know you know what I mean - because I have watched your honorable and patient efforts, and I feel the frustration man. Good luck with your deliberations, and thank you for what you've done so far. I will be hoping, praying and sending out all my positive thoughts to the Ethereum and Coinbase gathering on March 23. I really think this could be a milestone. It might be a milestone in which the TRANSITION from Bitcoin to Ethereum launches. BUT it could be the milestone where Bitcoin and Ethereum MEET and start walking together. + +TO ALL::: Let us send best wishes to all on Wednesday March 23, 2016. Ethereum/Coinbase Meeting. I have heard rumours this will be streamed. If so, can someone post link / details. + +Peace! +Hi all, + +Was looking to see what the average first time buyer deposit was and came across this - [https://www.which.co.uk/news/2019/03/first-time-buyers-how-much-mortgage-deposit-do-you-need-in-your-area/](https://www.which.co.uk/news/2019/03/first-time-buyers-how-much-mortgage-deposit-do-you-need-in-your-area/) + +It shows you the average deposit in your area, as well as the deposit as a % of house price +[Background] As a previous bartender, I was trained and taught that Jalisco, Mexico (where hurricane Patricia is scheduled to make landfall this evening) is the only province in which Blue Agave plants are grown. Blue agave is the key ingredient in Tequila. + +[Question] If this mighty hurricane is going to devastate the region, and their for its agriculture, would the prices of Tequila not be spiking here in the next few years. A key note might be that the Blue Agave plant takes approx. 5-8 years to mature enough to be harvested and distilled for Tequila making purposes. + +[About Me] I am currently a university student studying finance and working in a basic role in a financial institution, and my interests are geared towards investments. After hearing so much news, I have just been curious about what kind of impacts such a large natural disaster might make on our financial markets. + +If you ask me, the destruction of such a vital crop to the entire market of Tequila (I live in Texas and Tequila is HUGE) should make some really intense ripples. Thank you for any replies, and please remember this is only speculation from a rookie ;) if you object, please explain where my logic is flawed, or what financial principles of which I may be ignorant. + +EDIT: This was a very interesting discussion, thank you to everyone who contributed!! + +EDIT:Bloomberg seems to have published an article addressing the issue just a few hours after this post-- thank you /u/_xoned for bringing it to this thread! LINK-> http://www.bloomberg.com/news/articles/2015-10-23/dangerous-hurricane-patricia-threatens-mexican-ports-resorts +So a bit of background. + +My grandfather died when I was 4 and my mom passed the inheritance to me (1/3 of his 1/2). My grandmother died 3.5 years ago and in her will the split was 1/2 for my uncle (who had brain trauma as a child and so is developmentally impaired), and 1/4 to my mom and aunt. + +My aunt bought out my mom's share from her after my grandmother passed. + +The property was a 505 square meters, with a big garden and a house in pretty bad shape. + +The property was values at 14 million HUF officially back then, but my aunt said she didn't want to sell it so cheap and we had time to wait for a good buyer and was aiming for 18 at the very least. This was in may 2019. + +We didn't find a buyer and then COVID happened so things got postponed. I have a decent relationship with her but we aren't close and we don't keep in touch much. + +She did mention in a passing comment once that she planned to renovate it, but i assumed shed let me know when it happened. + +Fast forward to yesterday, she calls me that there's a buyer and that I need to travel there to meet the lawyer and sign the contract next Tuesday. I ask how much is the offer, she says 38m, I'm a but confused and she says that my share will be of the original valuation 3 years ago, I say okay, we hang up. + +Today I got the contract and it mentions that she paid for renovations out of her own pocket (there's a list of things done. Wood flooring, bathroom, drainage and removal of stuff from the property) and the other owners will get their share based on the 2019 valuation. + +Now, I don't *need* the money and it's something I planned to invest in case my mom needed assistance later in her life since she's schizophrenic, and it partially makes sense that since she renovated it and dealt with the real estate agents etc she gets a bigger share for that, however: + +1) I was not involved in the renovation plans or process at all +2) the market value of properties in my country has risen 55-77% since then depending how you calculate it. + +Am I wrong of thinking this deal is pretty unfair for me? + +Should I push it? And if yes, what kind of arrangement would be fair without burning a bridges down? + +(I asked a lawyer acquaintance and he said legally I can ask for the 1/6th of the sale so the law is on my side, but I consider that the nuclear option) +Guten Tag to this global band of Apes! 👋🦍 + +As we close out another week, I just want to share how impressed I am at the resilience of this community. This has not been an easy road, and Apes continue to press forward with the same energy that brought us together in the first place. Just a few days ago, Kenneth Griffin showed us the toll that this battle has taken on him, and it isn't pretty. The exuberance of DRSing shares is infectious, and there is nothing that Kenneth, Steven A. Cohen, or anyone else can do to take that from us. + +Nevertheless, they will try. + +We've all been eagerly anticipating the GameStop report, and while nobody can predict what it will contain, there is no shortage of possibilities. Whatever it does contain, when it drops there will be an immediate attempt to manipulate the price of the stock to spin a narrative that it is devastating news for this movement. This is exactly the same kind of fuckery that they engage in when GameStop releases excellent news, but in this case it'll be fuckery to distract from the fuckery that came before. Knowing this, I encourage you to steel yourself against this FUD. Take the opportunity to buy the dip - this may be one of the last dips before the MOASS. + +Today is Friday, October 8th, and you know what that means! Join other apes around the world to watch infrequent updates from the German markets! + +###🚀 Buckle Up! 🚀 +*** + + +- 🟩 120 minutes in: **$172.56 / 149,25 €** *(volume: 586)* +- 🟥 115 minutes in: $172.52 / 149,21 € *(volume: 586)* +- ⬜ 110 minutes in: $172.55 / 149,24 € *(volume: 584)* +- ⬜ 105 minutes in: $172.55 / 149,24 € *(volume: 581)* +- 🟥 100 minutes in: $172.55 / 149,24 € *(volume: 581)* +- 🟥 95 minutes in: $172.58 / 149,26 € *(volume: 581)* +- 🟩 90 minutes in: $173.73 / 150,26 € *(volume: 577)* +- 🟩 85 minutes in: $173.65 / 150,19 € *(volume: 577)* +- 🟩 80 minutes in: $173.40 / 149,97 € *(volume: 577)* +- 🟥 75 minutes in: $172.35 / 149,06 € *(volume: 531)* +- 🟩 70 minutes in: $172.62 / 149,30 € *(volume: 425)* +- 🟥 65 minutes in: $171.84 / 148,62 € *(volume: 152)* +- 🟩 60 minutes in: $172.24 / 148,98 € *(volume: 122)* +- 🟥 55 minutes in: $172.22 / 148,95 € *(volume: 122)* +- ⬜ 50 minutes in: $172.26 / 148,99 € *(volume: 114)* +- 🟩 45 minutes in: $172.26 / 148,99 € *(volume: 106)* +- 🟥 40 minutes in: $172.20 / 148,94 € *(volume: 105)* +- 🟩 35 minutes in: $172.29 / 149,01 € *(volume: 85)* +- ⬜ 30 minutes in: $172.19 / 148,93 € *(volume: 83)* +- 🟩 25 minutes in: $172.19 / 148,93 € *(volume: 80)* +- 🟥 20 minutes in: $172.17 / 148,91 € *(volume: 41)* +- 🟩 15 minutes in: $172.20 / 148,94 € *(volume: 24)* +- 🟥 10 minutes in: $172.16 / 148,90 € *(volume: 24)* +- 🟩 5 minutes in: $172.22 / 148,95 € *(volume: 24)* +- 🟩 0 minutes in: $172.16 / 148,90 € *(volume: 19)* +- 🟩 US close price: $172.12 / 148,87 € *($171.51 / 148,34 € 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 1.1562. 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! 👋🦍 + +Weeks like this highlight how much the SHFs are still actively manipulating the stock that brings us together. On extremely bullish news of the call for NFT Creators, they drove the price down, only to let it rise again the following day. What purpose does that serve? We love this company, and offering deep discounts on the stock just encourages us to buy more. There isn't currently a tidal wave of FOMO investors for them to scare away, so it doesn't make much sense to me. + +Whatever their reason, there is nothing that is going to shake our Diamantenhänded grip on our shares. Apes continue to buy and DRS. There are many eyes watching the January option expirations, since many options are going to be expiring worthless and represent a huge number of shares. One thing is certain - Apes love this company, and are here until every short is closed. + +The German stock exchanges are closed tomorrow in observance of New Years Day, but I believe the NYSE will open at the usual time. + +Today is Thursday, December 30th, and you know what that means! Join other apes around the world to watch infrequent updates from the German markets! + +###🚀 Buckle Up! 🚀 +*** + + +- 🟥 120 minutes in: **$153.38 / 135,70 €** *(volume: 404)* +- 🟩 115 minutes in: $153.42 / 135,74 € *(volume: 398)* +- 🟩 110 minutes in: $153.33 / 135,65 € *(volume: 376)* +- 🟥 105 minutes in: $152.92 / 135,29 € *(volume: 361)* +- 🟥 100 minutes in: $153.24 / 135,57 € *(volume: 361)* +- 🟥 95 minutes in: $153.27 / 135,60 € *(volume: 353)* +- 🟩 90 minutes in: $153.31 / 135,64 € *(volume: 353)* +- 🟩 85 minutes in: $153.25 / 135,59 € *(volume: 280)* +- 🟩 80 minutes in: $153.24 / 135,57 € *(volume: 277)* +- 🟥 75 minutes in: $153.23 / 135,56 € *(volume: 276)* +- 🟩 70 minutes in: $153.34 / 135,66 € *(volume: 232)* +- 🟩 65 minutes in: $153.24 / 135,57 € *(volume: 182)* +- ⬜ 60 minutes in: $153.13 / 135,47 € *(volume: 98)* +- ⬜ 55 minutes in: $153.13 / 135,47 € *(volume: 98)* +- 🟥 50 minutes in: $153.13 / 135,47 € *(volume: 98)* +- 🟥 45 minutes in: $153.14 / 135,49 € *(volume: 80)* +- 🟥 40 minutes in: $153.18 / 135,53 € *(volume: 79)* +- 🟩 35 minutes in: $153.24 / 135,57 € *(volume: 78)* +- 🟩 30 minutes in: $153.18 / 135,53 € *(volume: 59)* +- 🟩 25 minutes in: $153.13 / 135,47 € *(volume: 57)* +- 🟩 20 minutes in: $153.10 / 135,45 € *(volume: 55)* +- 🟥 15 minutes in: $153.09 / 135,44 € *(volume: 55)* +- 🟥 10 minutes in: $153.10 / 135,45 € *(volume: 25)* +- 🟥 5 minutes in: $153.14 / 135,49 € *(volume: 24)* +- 🟥 0 minutes in: $153.16 / 135,50 € *(volume: 14)* +- 🟥 US close price: $153.93 / 136,19 € *($153.25 / 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 1.1303. 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! +Quick note: If I hear "I'm sorry for your loss" one more time today I will lose my mind. + +I was informed this morning that my sons mother died and am wondering what the next steps are as far as her estate goes. I have no idea if she had life insurance or savings of any kind but would ideally like to set up a trust for our son so that all of his expenses will be covered over the coming years. + +Pertinent information: + +1. She was not married but has been dating someone for about a year. +2. The only thing she owned outright was her car I believe. +3. He is 11 years old and her only child. +4. I have called my lawyer and am waiting a call back. + +Anything helps at this point. + +Edit: mother did not have a will that anyone knows of. + +Edit 2: Don't be a dick. I just want my son to be taken care of and anything that was hers should rightfully be his. +Also, thank you for the advice of getting stuff from her house. Her family along with my son are going over there tomorrow to pack up her stuff. +[https://clients3.weblink.com.au/pdf/88E/02360459.pdf](https://clients3.weblink.com.au/pdf/88E/02360459.pdf) + +88 Energy Ltd just released an update to their current operation + +Highlights: + +• Initial petrophysical interpretation indicates several potential pay zones in Merlin-1 + +• New prospective horizon identified at Project Peregrine + +• Operational issues prevent hydrocarbon samples from two most prospective zones + +# Good news: + +It is pretty clear that the first results are good. This is how David Wall responded to it: + +https://preview.redd.it/j0k8eeybtfr61.png?width=838&format=png&auto=webp&s=a956b08cdaf4739212d6d655a7e60f327b2011eb + +# Bad news: + +Short term gains are out of the picture. There, I said it. The only real bad news is of course the operational issues that occured. We don't know what's left down there. Only 1 of the three prospects has been analysed but the other 2 were the most promising ones. Right now they will not be able to continue the operation since the temperature is rising and drilling in Alaska can only be done in the winter. + +# 88 Energy's future and (small) catalyst coming: + +This news is bad for those who were in for the short term. If you were holding this stock for 1+ year anyway, this doesn't seem to be bad news at all. It is painful for me too, as i was planning on selling relatively quickly too. Right now, it's important for all shareholders to re-evaluate their exit strategies. There is hardly any doubt that we have a pretty red day ahead. Only time will tell how red it will be. I'm also curious to see what the media will say about this. + +There is just 1 small catalyst incoming though: + +https://preview.redd.it/xo80ouwgvfr61.png?width=841&format=png&auto=webp&s=223d2e0c05962f78c3c4880dc31057499338cf0e + +Hopefully we will get the results pretty soon, as I believe (correct me if i'm wrong) testing oil quality is not the most complex process. The quality of the oil will be quite important for the profitability of the well. + +# Conclusion: + +* Bad news for short term holders +* (Moderately) good news for long term holders +* Oil quality testing -> possible catalyst coming soon. +Hello, hope all is well. + +In 2018 I graduated from college. Throughout my time in school, the money for my tuition was being pulled by my mom from a trust that as far as I know has been around since before I was born (to be used for my education I believe). By the end of my schooling I believe the fund was either entirely or almost depleted. I just received a letter from the IRS regarding my 2018 tax returns that shows $26000 in unreported income from 2018, and all of the unreported income is coming from Vanguard funds, which lines up roughly with the dates of tuition payments. I called my mom and asked her if the trust would be labeled as a Vanguard fund and she said yes. + +I was surprised to see this attached to my social security number as it's an account I've never touched or seen, and my mother was the one who pulled funds from it (I guess in the form of selling securities). In addition I'm trying to see if those funds being used for higher education carries with it any sort of write off that would lessen the blow here. I wouldn't be surprised if the account was tied to my name in some way and my mom maybe wasn't aware, but regardless I need to find a way to deal with this because the money owed is money that I do not have in any way shape or form at the moment. Happy to provide any information that could help in figuring out what the best thing to do here is. I am freaking out a little bit at the moment so if you also just want to say "everything is going to be fine" even if you're lying that would be awesome too. Thanks! + +Edit: ok this blew up thanks for all the help everyone, I really appreciate it. I'm going to show this thread to my mom and go through it with her tomorrow so we can figure out exactly what's going on here and work through it with Vanguard and our CPA. +I'm sure everyone is aware of rising rates. But has anyone been scared off and deleveraged yet? + +Personally, I can easily cash flow the higher interest payments so I'm not changing my plans. + +Here's how I see it, for every 1% increase in rates, the indexes will drop 2.5%, so my leveraged investments will still be profitable longterm as I DCA in. (Numbers are completely made up, but I think the trend is accurate) + +Ya, I'm paying more now, but will gain more than that back in the future. I'm trying to buy when others are fearful. + +Am I completely off base here and making a mistake by not deleveraging? +On a recent episode of 30 Rock, Jack Donaghy said that most of NBC's business plan was to "hope that it's 1997 again". I wanted to pose a similarly stupid idea to you: + +What would be the larger impact for the debt and public programs if the US reverted back to the 1999 budget: pre-war, pre-tax cut, pre-9/11, pre-bailout, pre-stimulus, pre-health care reform, and pre-medicare expansion? (*Let's suppose that Congress provided the cash for to undo all of this stuff in a one-time continuing resolution, then passed an annual budget in, say, April.*) Who would suffer? Who would benefit? Would the 1999 tax/spending ratio allow the federal deficit to continue growing, or does the growth not exist to support that? + +So... what would happen? +I make 800 and sum and I feel like I should yeet it all into bitcoin while I don't pay rent (live at home with dad) and I'm confident it will be the best thing I have ever done +Considering getting a second job at a fast food place because A) they pay more than grocery stores do and B) it's flexible with my currently early morning job. + +I'm just kind of embarrassed at the thought of working at a fast food restaurant at 31 years old. lol My first job has the benefits so I'm really just looking for an *easy* second part-time job. + +Edit 1: I have worked in fast food before, therefore it is easy *to me*. + +Edit 2: Stop making assumptions and crying about "classism" just because you got offended. It's a valid question that many people have and it might even help people make that leap into getting a job in fast food. Check yourself! + +Edit 3: I work in a union job and I just want easy money on the side. I'm trying to move out and this would help me do that. +I am not relying on state pension at all for any FIRE/financial planning (call me cynical) but I am interested in understanding 2 things: one, mandatory length for pension contribution, and two, what is the penalty for accessing pension before retirement age? + +Correct me if I am wrong but from what I understand, there is a minimum period of contribution that is required before you can access your pension. For instance, in the UK, it is 35 years of contribution will result in receiving a state pension. Additionally, you have to pay a penalty to receive pension before retirement age - earliest you can receive it is when you're 55. How does it work in your country? + +- Germany +- Netherlands +- Spain +- France +- Poland +- Switzerland +- UK +etc. +Hi guys + +Currently, I have nearly all my investments on different P2P/P2B platforms and it has served me really well until now. There is however one thing that annoys me: even though there is auto-invest, there is always stuff to adjust in order to be fully invested into at least semi-legit lenders. I have also had my experiences in investing in stocks and selling them for a profit. IMHO this always requires a lot of work and luck. Since I am inherently lazy, I want to shift at least part of my investments in to buy-and-hold stocks or etfs. + +It is hard for me to decide between + +\-ETFs + +* a) a distributing one such as [HSBC MSCI World ETF](https://www.justetf.com/uk/find-etf.html?query=IE00B4X9L533) , IE00B4X9L533, TER 0.15% +* b) an accumulating one like [iShares Core MSCI World ETF](https://www.justetf.com/uk/etf-profile.html?query=IE00B4L5Y983&groupField=index&from=search&isin=IE00B4L5Y983) , IE00B4L5Y983, TER 0.2% + +\-Stocks + +* a) a portfolio of \~15-20 companies like this one [https://www.dividendportfolio.com/portfolio/](https://www.dividendportfolio.com/portfolio/) (i would create my own one and not blindly copy it) + +I am not really sure how to decide if I want a growth or dividend portfolio. Even though a dividend portfolio might not be as good for me regarding taxes (still have to talk to an accountant about that), I like the 'security' of realizing gains through dividends. + +My goal is not to stop working at 45, but rather to work a bit less and have the freedom to say FU to the boss in case I want to. + +Now my questions are: + +1. Do you have any tips on how to decide between the 2 strategies? +2. Would it also make sense to have a split like 80% distributing ETF and 20% accumulating? Are there any advantages to doing that? + +Current situation: 30, living in Switzerland and planning to move to Australia in \~2-3 years. + +&#x200B; + +I really appreciate your input :) Thanks! +I'm in early 30s with a small portfolio 100% at VWCE. I'm willing to YOLO 10% of the portfolio into ONE sector specific ETF for 10-15 years horizon. (Cannabis, blockchain, electric vehicles, clean energy etc. etc.). What is your advice? Which sector do you recommend? +I'm not asking here if the bears/doom-sayers are correct in their analyses. For the sake of my question, I'm assuming that Michael Burry/Ray Dalio etc types are correct, and that the markets will drop, we'll have high(er) inflation and interest rates will rise. I'll assume (for the sake of my questions), that this will happen in the next 6 months to 1 year. + +As a European, based in France, I'm not really sure how I can 'profit' from this situation. Many blogs/YouTube vids/articles talk about the sectors that an investor should get into for this sort of situation, but as someone who has mostly focused on equity ETFs and shares (fairly passive, long-term approach), I'm at a loss as to what I could put some money into, or even how I can hedge against this potential downturn. + +Some of the recommendations include : + +1) Treasury bonds (in France OAT) + +2) Raw materials + +3) Inflation linked bonds + +4) Shares in oil companies/energy companies + +5) Financial sector, banks and insurance. + +So, I already have shares and ETFs that basically cover 4 and 5. I \*could\* be interested in certain raw materials but only after I've addressed 1 and 2. + +My questions are these : + +With all the monies paid out for COVID/proping up Europe the last few years, where do I look to find out about how to profit from this debt/how to buy these bonds? + +Is there some European equivalent to justetf where I can see inflation-linked bonds in Europe? + +Are there equivalents to the synthetic ETFs on US indexes for US Treasury bonds? + +If there are any French readers of this post, I'd love to learn know how to invest in OATs/where they're listed/what the details are etc. + +Thanks in advance. +I'm relatively new to the debate, very strongly anti-BU/EC but am mildly in favor of/don't see the problem with bigger blocks/a planned hard-fork. Please, educate me on your view as to if the max block size should *ever* change, if not why not, if yes how, etc. +This was her idea which sounded great few years ago when I barely got out of high school. + +She has a discovery card with a big limit and she assumed having, so it affects my credit history would be a good idea. So did I. + +Yet she is terrible with it. Struggles to pay it back on time and now as I am looking through my Experian. It shows it on file ( obviously) yet it is the thing bringing my credit score down and making me appear as a risky lender. + +How do I remove this card? +This was her idea which sounded great few years ago when I barely got out of high school. + +She has a discovery card with a big limit and she assumed having, so it affects my credit history would be a good idea. So did I. + +Yet she is terrible with it. Struggles to pay it back on time and now as I am looking through my Experian. It shows it on file ( obviously) yet it is the thing bringing my credit score down and making me appear as a risky lender. + +How do I remove this card? +Hi y’all! I just wanted to share an update on my [previous post](https://www.reddit.com/r/povertyfinance/comments/vxv0o0/should_i_do_a_payday_loan_or_live_in_my_car_for_a/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) about whether or not I should take out a payday loan or live in my car. + +I’m happy to report that I did neither. Though I was initially rejected for a personal loan from my bank due to my credit (medical debt in collections) and low income, I was able to get a family member to co-sign after telling them the situation. So the bank agreed to give me the money to move financed over the next two years at 8% with very manageable monthly payments. Hopefully this loan plus paying off my medical debt will help me get my credit back on track. Just moved in yesterday and felt so relieved, I cried a little. Or a lot. Mostly happy tears. I hope to never be so close to being homeless again. Thank you to all who commented on the last post. I would have been in a much worse situation by now if I’d gone with the payday loan after my first loan rejection from the credit union. +Started my journey 2 weeks ago and after much research and a ton of reading from this subreddit. I finally did it, now Im thinking I may have missed the boat despite thinking I was in the early stages. Is this normal or did learn a valuable lesson? +I'm in my 20s and have since university, I've formed some bad financial habits including eating out for most of my meals. Once these habits led to me spending $36 on food delivery for 2 people, I realized something needed to change. + +What started off as a Whopper at BK once in a week in 2012 turned into a habit of ordering medium combos 4x a week at the drive-thru and pizza delivery. Here the amounts would be around ~$25 if I was paying to feed two of us. + +Then in 2017, I learned about food delivery apps like Skip the Dishes and Uber Eats and how convenient they were. It became a daily ritual of ordering a big meal, paying a $4 delivery fee as well as a tip on top of a $20-30 dollar meal. I had tried deleting the apps and often found myself easily reinstalling and the apps would remember my credit card info. + +Some courage led to me finally taking a look at my numbers and it was shocking to learn that I was spending upwards of $900 a month on food. Groceries were included but those would often go to waste because ordering food from my phone was such a routine, I didn't need to open the fridge door. + +After being self-aware of my spending, I set limits for myself. I would keep the apps, look at them if I needed to, but I would not order. Instead I would order Dominos if I had an intense craving and remind myself of how I would feel the next morning if I did just that. + +Results: + +In a 50-day period including today, I have only ordered Dominos twice, spending $40 in total. + +Within the past 50 days, I've spent $0 on food delivery. + +Takeout: $150 +Groceries: $350 + +This gives me more $$ to save instead. + +My SO never supported me ordering food delivery but I always fed him to be fair. Now he is very supportive of getting groceries as he knows they are not going to waste. We have made more meals together and are enjoying the time spent making them. We can improve by making salads and other healthy meals as we have been digging into ice cream at home (solving the problem of food delivery can lead to new problems when grocery shopping but that'a a different story). + +If anyone can relate to this, just know that it is never too late to form better habits. I now have over $5000 in savings and there's potential for so much more if I can keep cutting food expenses. + +If you're spending enormous amounts of $$ on takeout or delivery, focus on small improvements, like ordering a $20 meal instead of $30 or ordering three times a week instead of five times. + +Believe that you can develop better habits, and get yourself back up again if you did slip. I'm restricting myself by not even ordering in, but it is okay if you do moderately. +Ouch. So glad I got out of this stock years ago. + +https://www.cnbc.com/2018/02/02/federal-reserve-orders-wells-fargo-to-replace-four-board-members-restricts-growth-because-consumer-abuses.html +You may say that it was our own fault not to catch Personal Capital’s abysmal investment performance earlier. However, allow me to share our costly lessons to help prevent others from losing money with Personal Capital: + +· Over the last 3 years, Personal Capital’s “smart portfolio management strategy” performed 60&#37; worse than market. + +· Personal Capital’s “tax optimization” produced higher returns on our taxed account and lower returns on our tax deferred IRA account. + +· Personal Capital’s “lower fees” consumed 18&#37; of the returns they delivered. + +During a turbulent time of job changes, founding our own company and multiple family health emergencies, we decided to entrust Personal Capital to manage our money. Personal Capital advertised a good story with a convincing webpage: **“We act in your best financial interest and optimize risk & return on your behalf. We do this through our smart portfolio management strategy and Smart Weighting™ approach.”** + +Our experience was much different and cost us dearly. From 2015 until we canceled our accounts in 2018, the portfolio Personal Capital managed for us earned 4.9&#37; annually. This is significantly lower than the risk adjusted “moderate historic” ROI target of 8.3&#37; Personal Capital advertised and even worse in one of the best bull markets for a long time that easily returned more than 12&#37; each year during the same period. + +When we confronted Personal Capital with this significant performance gap, they responded that our *“claim was without merit: As written in our “Client Agreement” \[..\], it is explicitly stated that you understand that \(a\) investment results cannot be guaranteed, \(b\) past performance may not be indicative of future results, and \(c\) your investment decisions on my behalf may be different than I or other investment managers would have made under the circumstances”*. + +The objective observer may realize the irony of this response in one of the most bullish markets we had in years. + +In retrospect, we made another peculiar observation, the consequence of which we only now understand too well. Overall, Personal Capital has great analysis tools and a nice user interface. However, the key analysis tool that is standard with any other broker we worked with, is suspiciously missing on Personal Capital’s webpage: The portfolio performance compared to generally accepted benchmarks. + +After Personal Capital unduly delayed the immediate liquidation of our accounts we had requested, we transferred our accounts to another institution. As a result, we had to liquidate nearly 100 micro\-positions ourselves, a time consuming and costly affair. Noteworthy, but in line with our overall experience, Personal Capital refused to reimburse us for the related transaction fees. + +However, our losses with Personal Capital did not end there. Personal Capital claims: **“Tax optimization – We do this by applying tax loss harvesting, reallocating assets to tax\-deferred accounts, and helping you realize higher yields in your retirement account”** + +When we liquidated our underperforming IRA and taxed investment accounts, we realized that in addition to the abysmal underperformance, the gains had actually accumulated mostly on our taxed accounts, while the performance on the tax deferred accounts was even worse. Hence, in addition to losing years of retirement savings, we now have to bear the cost of Personal Capital’s failure to optimize and reduce tax. + +Adding insult to injury, we paid Personal Capital sizable fees for their abysmal investment performance. **Personal Capital advertises: “We have much lower fees than traditional brokers”.** + +18 Percent of the total return Personal Capital made for us was consumed by the fees Personal Capital charged us over the years. Bottom line, Personal Capital has a one\-sided business model: They can invest their customer’s money anyway they like. They do not hold themselves accountable for their advertising and for the results of their investment strategy. They refuse and obfuscate any comparison of their investment performance with generally accepted investment benchmarks. Independent of investment performance, Personal Capital claims sizable service fees. Good deal for Personal Capital, an abysmally bad deal, at least for us! + +Our recommendation: Check the performance of your holdings with Personal Capital against the relevant market benchmarks today! Otherwise, you may end up losing like us. +Good Morning Apes! + +Hope everyone had a nice Thanksgiving! + +Huge red this morning as arbitrage **overcorrects** after the US market close yesterday and the overall market drops 200 basis points. + +[This arbitrage continues to pick up volatility](https://preview.redd.it/6qaosv5n1y181.png?width=2449&format=png&auto=webp&s=3a9fdc8cc568cd5c534ecf17e1b8263e9444b996) + +I spent a lot of time over the holiday looking into the VW squeeze and the large deviance in foreign exchange arbitrage that took place shortly before the squeeze. I still don't know if I've found any conclusive proof. But the instability in price across markets does indicate an increase in illiquidity at least on foreign exchanges. + +Besides almost a 2% drop in the SPY this morning, I think this over-correction is also responsible for our current trading price in the pre-market. + +If CME settlement date extensions had any effect on expected volume and price action this week today is the last day for that exposure to settle. If it doesn't, I expect we have seen the extent of covering for the 11/23 exposure date and will be looking forward to 12/1 to begin to confirm if the future contracts are being rolled or failed. + +Make sure to check out [MOASS the Trilogy](https://www.reddit.com/r/Superstonk/comments/qvyjap/moass_the_trilogy_book_one/) + +Video on my current theory... [talk with Houston Wade here explaining my current theory](https://www.youtube.com/watch?v=mntHdNqltkw) + +For more information on my futures theory please check out the [clips on my YouTube channel](https://www.youtube.com/c/PickleFinancial/playlists). + +Join us in the Daily Livestream [https://www.youtube.com/c/PickleFinancial](https://www.youtube.com/c/PickleFinancial) + +Or listen along with our live audio feed on [Discord](https://discord.gg/HbqnUVsSrH) + +(save these links in case reddit goes down) + +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 + +Interestingly they banged the close today after borrowing almost half a million shares during power hour, a sell order for 19k shares came in at 13:00:02 slamming the bid and closing us under $200, this is market manipulation. If FINRA deferred settlement period is correct that moves our final date out to Monday. As opposed to the 24th as expected. Which means I was wrong and that the holiday did in fact shift the settlement window. For those that intent to yolo into calls at market open...Just because the settlement date is moved does not mean they didn't have time to cover since expiration on the 19th and since the period after expiration is drawn out any possible settlement may be weaker in both volume and effect on volatility. Thank you all, see you Monday. + +https://preview.redd.it/dexvjlmidz181.png?width=692&format=png&auto=webp&s=b983bd136209c43ce17e70a51d96cf762cc4ea1a + +Edit 3.5\* 200k more from Fidelity + +edit 3 12:24 + +285k shares just borrowed from IBKR, GME coming up to test the 180 line. + +https://preview.redd.it/1f89esdd5z181.png?width=1605&format=png&auto=webp&s=ac60af53846a0f8e2e3f7e8b49c7000f5092eea4 + +Edit 2 10:54 + +Small bounce up from the descending channel into a test of the upper resistance from Tuesday's spike, looks like we failed for now. We did find another settlement extension here as well through Finra 4210 + +https://preview.redd.it/cvj5k7fkpy181.png?width=841&format=png&auto=webp&s=cee37b78a1b57ad665c2ce88aa0c60fc9fd39839 + +https://preview.redd.it/nhl2ht7cpy181.png?width=1606&format=png&auto=webp&s=03478d6e45cf259d40b19c887bdfe42513686b1c + +Edit 1 9:59 + +Climbed back up into open filling some of that opening gap down. Volume has now died of and we are consolidating on the 205 resistance/support. Max Pain is up at 217.50 + +https://preview.redd.it/nazlfn6gfy181.png?width=1609&format=png&auto=webp&s=af86ab2e457488d454980b67ec417bdc60d035fe + +# Pre-Market Analysis + +Massive $13 gap down in the pre-market, I think this is likely the arbitrage correction. But is definitely due to the large dip in the market as well. + +Volume: 64k (higher than normal indicating some volatility today) + +Shares to Borrow: + +IBKR: 350,000 @ 0.7% + +Fidelity: 1,497,817 @ 0.75% (missing 2 million since Friday) + +[GME pre-market on the 1m](https://preview.redd.it/2wp43a3w3y181.png?width=1610&format=png&auto=webp&s=adbffe2104743972ba7f067490f9542824cf69fc) + +**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.* + +*\*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/) +I'd encourage everyone to go. Now, let me make a few comments about what I wish I would've known or done. + + +1. Print the list and research before. The county workers move quicker than you could imagine and call properties by IDs, parcel #s, and court #s. No addresses mentioned. + + +2. Keep your composure as some funny stuff happens, but you can't laugh. Guys will bid $1 over, get lost and the auctioneer has to correct a bid. "Sir, you just bid $134,801, you can't do it again." It's funny to think people are making clerical errors with a large sum of money. + + +3. Bring a pen and paper. Internet and phone can't keep up. + + +4. Write down the companies name who bid. Research them. Some are smaller than they appear and may be good connection points to learn. + + +All in all, I realized that I'm still a few years away from feeling comfortable bidding on a house there for my area. There were 6-7 large companies and 6-7 smaller company/people. + + +I do have a few questions though if anyone can help: + +1. There was one guy bidding for all of the plaintiffs (mortgage companies). The auctioneer always asked, "can I waive reading" and he said "yes". Some of the bids, he would bid, "$100 and a max bid of $105,000" and then no one would bid and he'd get it for $100. And others he'd bid "$100" and not include his maximum and an auction would entail. Why did he throw out his maximum and was then allowed to win the auction for $100? + + +2. After the bid, the LLC name they would list a trustee and then a # and a date. What's that all about? + + +3. To anyone who goes consistently, ever seen a robbery outside? That's a lot of money orders and cash in a room. +Adjusted for inflation we are supposed to have earned exactly the same in 2019 as in 1973: + +[https://www.weforum.org/agenda/2019/04/50-years-of-us-wages-in-one-chart/](https://www.weforum.org/agenda/2019/04/50-years-of-us-wages-in-one-chart/) + +Yet some 50 years ago - one income was often enough to support a house and family - while nowadays one income is often barely enough to support one self. + +Additionally Inflation/CPI does not take into account Shrinkflation - most food products have decreased in size. So even if the prices have remained the same - since there is less food sold in the package- one has to buy more to get the same amounts as before: + +Then there is a massive decoupling of family incomes to house prices. For example the average family income in 1980 were 21,020 Dollars/year while the average house sold for 63 700 Dollars = 3x the annual family income + +Nowadays the numbers are 74 000 to 410 000 = 5.5x the annual family income. + +And while houses are a little bigger than the ones build in the 80s - lost sizes are tiny in comparison. + +So we are actually able to afford far less than we used to because inflation/the CPI is calculated wrongly or manipulated +Adjusted for inflation we are supposed to have earned exactly the same in 2019 as in 1973: + +[https://www.weforum.org/agenda/2019/04/50-years-of-us-wages-in-one-chart/](https://www.weforum.org/agenda/2019/04/50-years-of-us-wages-in-one-chart/) + +Yet some 50 years ago - one income was often enough to support a house and family - while nowadays one income is often barely enough to support one self. + +Additionally Inflation/CPI does not take into account Shrinkflation - most food products have decreased in size. So even if the prices have remained the same - since there is less food sold in the package- one has to buy more to get the same amounts as before: + +Then there is a massive decoupling of family incomes to house prices. For example the average family income in 1980 were 21,020 Dollars/year while the average house sold for 63 700 Dollars = 3x the annual family income + +Nowadays the numbers are 74 000 to 410 000 = 5.5x the annual family income. + +And while houses are a little bigger than the ones build in the 80s - lost sizes are tiny in comparison. + +So we are actually able to afford far less than we used to because inflation/the CPI is calculated wrongly or manipulated +I posted this 20 days ago regarding starting my 0dte SPX journey and giving out an update as I promised some people in the comments. + +[https://www.reddit.com/r/thetagang/comments/xbub6t/starting\_my\_0dte\_spx\_ic\_journey/](https://www.reddit.com/r/thetagang/comments/xbub6t/starting_my_0dte_spx_ic_journey/) + +Started with 1K in capital for 1 10-wide IC and after 18 days, currently at 3.9K for 290.5% gains in total so far. Scaled up to 2 contracts this past week, and will be scaling up to 3 contracts starting next week. Currently have about 70% win rate per spread and taking in an average of 1.60 per spread. The biggest draw downs obviously came from big move days with my biggest loss on that 4% down day when I double dipped put side and got stopped out both times. The strat hasn't changed much from my original post. I've tried different things like entering at open, but I think that would work better in a less volatile market. One of the weaknesses of my current strat is if we don't get a big move in the morning, I'm sitting on my hands. I try to get in \~30min after open and an hour at the latest. If I don't get an entry within the first 2-3 hours, I'm currently also trying out just waiting until an hour before close and going 0.05 delta both sides. + +The current market volatility is very unfavorable right now for premium sellers with EM's getting breached all the time. Definitely been some spooky days. + +One thing I've started doing is hedging my credit spreads when they start going into profit to lock in my profit using debit spreads. I'll look at locking in when I'm in \~70% profit with a debit spread that is 1 strike closer to the money, same number of points wide usually based on chart structure. It did me great yesterday where my profits exploded with that market dump later in the day. Instead of a max loss on my put side, I made max profit even with my original short strike going ITM. I started doing this after I got blown up on call side 10min before close but it ended up expiring OTM anyway. If I do it this way, it's a lot less stressful. + +The pros: Saves a day trade since I don't have to stop out, frees up collateral so that I can put on more ICs/Credit spreads if I want, hedged against future market moves with a possibility to actually make more if the market moves bigly. + +The cons: eats into profit if the market doesn't move, more fees? + +[Example of the hedge and a further out credit spread sold with the freed up collateral to pick up some extra prem](https://preview.redd.it/viptphhm0br91.png?width=1462&format=png&auto=webp&s=0d22634e46176c314a7e33e88ca03ccd5757c2bb) + +&#x200B; + +[Daily Gains](https://preview.redd.it/pjp55c67yar91.png?width=601&format=png&auto=webp&s=8762bf73336cbfdc6c1f9074b7f5dc0e33ccbe6a) + +&#x200B; + +[Port Change](https://preview.redd.it/bmd6xe6hzar91.png?width=601&format=png&auto=webp&s=959c4b77569d161a19f6ed64c32390858b5a64de) +Does anyone else have a problem with being too obsessed? I'm pumping all my income into my portfolio essentially, my expenses are under $450 a month so all money in excess of that just gets saved/invested. + +The problem is that I'm entering mid 20s and haven't really done many things like had a longterm girlfriend, vacationed much or have many hobbies besides stuff that's free/very low cost. I feel guilty about wasting my youth but have trouble spending my money. I get buyers remorse when I spend small amounts anyway, I know this is the wrong attitude as you won't be able to take your portfolio with you beyond the grave but I can't help. + +Are there any helpful strategies you guys use? I want to start enjoying my life without spending everything like the average consumerist. +Y'all are all LAMBOS MOON X10 HEUHEUHEU for months like its never gonna end, and now you want to act as if the whole ship is going down for good? Are you seriously that naive? Market consolidations are normal you fucking idiots. NOTHING does 2000% + and then just magically finds a fucking base there. + +Everyone crying about the manipulation is just a fuckin hypocrite. You loved making the money that the unregulated market allowed you to make, but you were too dumb and greedy to know when to exit. Cry more fuckin bag holders. The market will come back. Who cares how long that takes because it guaranteed will. The entire crypto cap is still grossly undervalued, but you need MODEST growth in order to be sustainable. + +chill. the. fuck. out. + +edit: for the people nay-saying that this is definitely a crash - a market needs to be considered stable at its net present value before it can be considered to have crashed. this market has been overbought/overstretched way past the point of being stable in the long term. When your alt coins hit an ATH and then drop 40% but still end up 10x gains on what they were before the run up, you don't call that a crash, you call it a "healthy correction." This logic applies to the market as a whole and on much broader frames of reference. if you think that corrections only apply to day trading windows, you are part of the problem. +I figured they'd be more receptive if I spent a bunch of time on something rather than just sharing a link to drsgme.org + +Edit: it’s obviously unfinished, and this is not my expertise. So, I would love to open this up for anyone with more experience to work on! Let me +Know if that’s something you individuals would be interested in + +edit2: Here is the link with the finished (and much shorter) piece!! +https://www.reddit.com/r/Superstonk/comments/uiwdxb/i_recently_posted_a_long_presentation_intro_dd/ + +&#x200B; + +[https://drive.google.com/file/d/1vNeXIRF1txaWxWcJWHJ7SexIH-aku\_iS/view?usp=sharing](https://drive.google.com/file/d/1vNeXIRF1txaWxWcJWHJ7SexIH-aku_iS/view?usp=sharing) +I have a substantial amount of equity (\~$2million) in one of the unicorns that will IPO in 2019. They are a mixture of NQSO and RSU's. I received the stocks in SF but now live in NYC, which has a very high income tax. I'm excited for this, but also a little overwhelmed by what to do. + +\- What should I do to minimize the taxes? Would moving to a state with no income taxes be better? Especially if I'm hoping to sell the stocks quickly and move the funds to vanguard target date 2055. + +\- What should I expect when selling? My plan is to sell about 1/4 of the stock per month across 4 months from the first date I can (six months after IPO). Is that a good plan? How would you do it? + +\- Is it worth finding an accountant to verify that I'm doing things right, or am I still in do-it-yourself and turbo tax price ranges? + +\- anything else I should know? +What are you all seeing as brokerage transfer bonuses for portfolios > $10M? E-trade seems to be in the range of $1K for every $1M moved but would like to see what others have heard of before I pick up the phone to talk to a bunch of people +Hello UKPF, so after a hard graft in my current job I decided it was time to leave, I got approached on LinkedIn about a job not knowing the salary but the job sounded interesting so I went for it. 7 Interviews, aptitude tests and presentation later I got offered the job with a starting salary of £75k. + +I'm only 25 so this is a life changing amount of money for me, especially coming from the armed forces where the salary isn't anything to shout about. + +I've been semi active on this sub for a few years now and following the flow chart but are there any specific tips for those n the higher rate tax band? The only one I've come across is claiming back tax on deposits into my SIPP. + +I have: + +S&S ISA + +LISA + +SIPP + +&#x200B; + +If you have any advice on maximising my take-home/reducing my tax burden that would be greatly appreciated. Thanks guys. +Those looking forward to Casper proof-of-stake might be interested in the subreddit Ethstakers http://np.reddit.com/r/ETHSTAKERS where among the chit chat about algorithms and theory there is a new post about a Casper mining pool project that will let you earn interest on your Ether 24/7 without a lot of hassle. +http://np.reddit.com/r/ETHSTAKERS/comments/6c7eae/rocket_pool_your_new_casperfriendly_ethereum_pos/ +https://github.com/darcius/rocketpool +http://www.rocketpool.net/ +So I've been noticing it for a while now, but due to boredom I went to see what Fox News has to say about it lol. + They want a cut, crypto is bad and we should invest in the dollar. + index pumping + housing bubble is what happened in 2008. It should be illegal to straight up lie to your viewers for a paycheck. This is why I got into ETH. Alls they know is oil and printing money, now between electric cars and crypto they are screwed. + Those in the business of Defi ventures will be the ones who run the country next. + Anyways, All crypto will 10x+ in a bull run but it will be bitter sweet because those gullible people will be homeless, hungry and in debt at the same time.. I usually don't get into politics but they are straight up Evil people. + Can't wait to see what the future holds..charity tokens, defi finance, nfts etc.. No more jobs for the government lol +Source: [Bloomberg](https://www.bloomberg.com/news/articles/2020-12-18/cathie-wood-sees-control-fight-ending-lifting-cloud-over-ark) + +In her most recent interview, Cathie Wood was asked to name a stock or sector that she thinks can do as well as Tesla did and she says that it must be the genomics sector. + +She also mentioned that she reduced how much she invested in the FAANG stocks ever since they crossed the trillion dollar valuation and thinks that the genomic revolution will form the next generation of FAANG stocks, as opposed the internet revolution of the past. + +Would love to know if there are any other people here which are quite this bullish. + +Disclosure: Currently don’t have any position in ARKG but will likely soon. +Around 1 in 7 Australians are [hesitant](https://melbourneinstitute.unimelb.edu.au/publications/research-insights/ttpn/vaccination-report) to get the vaccine. With new mandates being rolled out through industries across Australia, some people are complaining that they are being "forced" to get the jab or they'll find themselves without a job.I don't want to get into a discussion about whether this is a human rights issue or not, rather I'm asking the question of what will (or should) happen to these people as their access to income is challenged? + +Will people be left out of work altogether? Since a lot of industries are requiring vaccination, options will be significantly reduced/limited. +Will they have access to jobseeker payments? As far as I know it's means-tested; since it's a choice not to be vaccinated will/should they be entitled to this allowance? +Do you think there will be government support programs for these individuals to rejoin the workforce? Programs like this, and jobseeker, will require government funding, which taxpayers could find 'unfair.' It may be problematic/unethical to withhold income support for people, however if it were their "choice" to be out of work, exactly where does the line fall? +Finally, do you think this change is going to impact the economy? Housing market? What follow-on effects might it have? + +Interested to see what people think. I understand this may be a controversial discussion so let's try to stay civil and on-topic. + +(Also, for the record I'm fully vaccinated) +That's all I have to say. This is so obviously the key to the MoASS, *Citadel broke their 9 month silence* to draw attention away from it. + +Yes, Ken Griffin belongs behind bars, but anyone with even the faintest wrinkle understands how idiotic and suspicious these tweets really are. They haven't tweeted since the gamma squeeze in January, and *now* they decide to say something, once DRS gains massive momentum? Either they *really* want a distraction, or the Citadel wall is starting to crack. + +I'm just going to keep laughing as the SHF's show how bad their hand really is, and keep collecting shares that *I* own. Because I like this company, and this stock. +I currently trade stocks and stock options but I'm slowly noticing that most pro traders exclusively trade futures. + +So, thinking about getting into futures trading, not necessarily futures options but just futures. Thinking about starting with just trading MESZ22. + +Any advice for a intermediate stock/stock options trader trying to get into futures and some smaller micro futures similar to MES? + +Also, a platform recommendations would be great too since my current broker doesn't offer futures trading. + +EDIT: wow this really blew up! Thanks for all the advice everyone. If anyone is interested in starting a small discord channel or chat group to discuss futures trading for beginners, DM me and let's make a small group where we can learn from each other. +Ryan Cohens tweets are becoming threats for useless companies who created their empire over decades. + +He always gave us hints, just like „buckle up“ when he was raising money through selling stocks. + +I think yesterdays tweet is symbolic for the work is done and now it’s time to dance. + +Imagine being taunted as top 1% while running a race you already lost in January 2021. + +I think this announcement is going to be the final middle finger to the shocking web of corruption and destruction of a world that also cares if you have a few milly to drop on your interests (or 0.1 Shares this summer). + +The return of the prophet is going to gain so much attention and now it’s not only going to be the fomo for the stock. We have documented every single manipulation in such a detailed way. + +The music is about to stop, atleast at the current wall st. + +Let‘s see how „don‘t worry we are to big to fail“ will play out this time. + +Thanks for reading through my tedtalk +For retail traders, I've heard that strategies that are centered around HFT and arbitrage can be heavily reliant on connection and execution which may make a profitable strategy for hedge fund algos terrible for retail traders. Are there other areas retail traders should steer clear from? If you feel differently about these strategies could you explain why? :) Thank you!! +Sorry to spam this sub with another post from a rank beginner, but I'm looking to get into algorithmic trading and I'm a bit lost about where to start. I'm under no illusions that I'm going to make any money, I just want to do this as a fun hobby as I find financial markets interesting- I won't be putting any real money in, at least not for the foreseeable future. I'm a decent programmer (python) and have a background in statistics and machine learning, but don't really have any knowledge of finance/trading, so with that in mind I'm looking for a few recommendations: + +1. A good book: i'm new to all this so I'd really appreciate a book that goes into the fundamentals in depth. I've been recommended the series by Ernest Chan, but they're big, expensive and a series of 3, I'd rather have just one to start off with. Preferably one that goes over the requisite financial knowledge and trading strategies more than the statistics etc which I'm already competent in. + +2. An asset class: for the sake of simplicity, as a beginner I'd like to focus on just one asset class, what would people recommend? + +3. Data source: where can I get comprehensive historic market data? What about up-to-date data via an API? + +4. Trading platform: is there a trading platform that people would recommend? Preferably one that supports mock (i.e. fake) transactions, and interaction via an API? + +Thanks in advance! +Is there any model out there for forecasting volatility that is non-deterministic? Perhaps some variant of GARCH? + +Obviously stochastic volatility is the model to go with, but is there anything that forecasts volatility with “more structure”? It doesn’t take volatility to be a completely stochastic process? +I wrote this piece last night but didn't post it because I didn't want to jack tits and be utterly wrong but after seeing this morning's pre market I feel confident to publish this. I wanted to explain my thoughts on this cycle run and why I'm bullish for the next two weeks. + +To start off, I've been seeing a lot of confusion regarding negative beta recently. I remember we were told GME was a hedge against a market crash, and looking at the charts it is clear that this theory has not been invalidated yet. + +This is GME against QQQ the last 5 trading days + +https://preview.redd.it/pnf1c55x4zd81.png?width=1555&format=png&auto=webp&s=5bb0979f83136b3a363616417ea53936fa0e1b6d + +Today: + +&#x200B; + +https://preview.redd.it/q8krdkrh5zd81.png?width=1546&format=png&auto=webp&s=efad70529f0a36d6fa27368ced2b0a6d975bcd13 + +It is clear that GME is holding well against the market selloff specially since the recent bullish cyclical price period began. My theory is that the negative beta calculation we see is highly influenced by these cycles. (it's when it really matters). Looking at the chart one can see that GME's price action has been following this cyclical pattern: + +&#x200B; + +https://preview.redd.it/7pj2j4826zd81.png?width=1577&format=png&auto=webp&s=1a77b06af2b76183ef5cfcbbe83fe87bb7a3cec0 + +I believe we entered a bullish reversal cycle on January 24th and that GME's price action since this period began confirms the imminent bullish reversal and the cyclical theory itself. + +To begin with technicals, the chart itself is forming a reverse head and shoulders bullish reversal trend right at the beginning of this cycle: + +https://preview.redd.it/osduqwbd8zd81.png?width=1550&format=png&auto=webp&s=30fa91f9c60ffd1ebf803c9cf45c28ef6faea36a + +Moving on to the options chain we can see that the recent drastic movements in price has been translating to explosive option IV% increases and tremendous swings which indicate an impending move + +&#x200B; + +https://preview.redd.it/z41r10h29zd81.png?width=1533&format=png&auto=webp&s=9d73dc12a62a1b5fa1bc191ce266d60bfaeb6b77 + +This is how these movements have affected the price JAN28 100C AND FEB4 100C calls in relation to the underlying: + +[80&#37; swings in a matter of minutes](https://preview.redd.it/pdp2df3i9zd81.png?width=1713&format=png&auto=webp&s=f2851d0f66445fe8bc3dfc7c72fb80c1006e49df) + +IV rising due to these intraday swings: + +&#x200B; + +https://preview.redd.it/e6qyyn2s9zd81.png?width=1576&format=png&auto=webp&s=c7632cec34d375fa15d6857c87b59dd6bf2eb7f5 + +The options chain itself is primed for an upwards move: + +&#x200B; + +https://preview.redd.it/n147ku7tazd81.png?width=1343&format=png&auto=webp&s=446fb6b9b8c1e813dc653e2377e99fdb78a68862 + +Overall I believe we did enter the bullish cyclical action period for GME and we can expect upwards price movement even though we are in the midst of a market correction/crash. Negative beta has been apparent since we entered the cycle and the options chain along with today's premarket price indicates the move is coming very soon. + +https://preview.redd.it/oq416vuoe1e81.png?width=1576&format=png&auto=webp&s=084c7f366246cda63bc7070ecb90e05e770c2049 + +I think it's fair to say to "buckle up" because there will be some violent swings coming. It is a common occurrence to see violent swings to shake off paperhands during a bullish reversal price action cycle. Expect swings and hodl. + +\----------------------------------------------------- + +Edit: + +[EOD Chart Update](https://preview.redd.it/eb8721kyq4e81.png?width=1581&format=png&auto=webp&s=6bb72d36775197c19aa0680997adaa2645a39cbc) + +&#x200B; +Source: [https://www.scmp.com/business/companies/article/3108309/shanghais-stock-market-operator-calls-halt-ant-groups-imminent](https://www.scmp.com/business/companies/article/3108309/shanghais-stock-market-operator-calls-halt-ant-groups-imminent) + +China’s stock market operator has pulled the rug from under the largest initial public offering in global finance, calling a halt on the November 5 dual listing of Ant Group’s shares in the city’s technology board less than 48 hours before the highly anticipated trading was due to start. + +A meeting earlier this week between Ant Group’s senior executives and China’s top financial regulators constituted “significant change” in the regulatory environment, which may lead to the fintech company not fulfilling the listing requirements or disclosure rules of the exchange, according to a statement by the Shanghai bourse operator.The Shanghai Stock Exchange has decided to temporarily postpone the listing of Ant Group, the market operator said. + +Four Chinese regulatory bodies, led by the People’s Bank of China, [held a meeting yesterday with the top executives of Ant](https://www.scmp.com/business/companies/article/3108145/ant-group-executives-meet-chinese-regulators-days-trading-debut), on the eve of the fintech company are due to make their trading debut in Shanghai and Hong Kong in the world’s biggest initial public offering. + +The regulators met with Ant Group’s co-founder Jack Ma, executive chairman Eric Jing and chief executive Simon Hu, according to a statement by the securities regulator, without elaborating on the purpose or content of the meeting. + +The meeting also included representatives from the China Banking and Insurance Regulatory Commission, the China Securities Regulatory Commission and the State Administration of Foreign Exchange (SAFE), the currency regulator. + +“On November 2, 2020, Ma as controlling shareholder of Ant Group and Ant’s management team met with Chinese financial regulators,” according to a statement from the Hangzhou-based fintech company. “Views regarding the health and stability of the financial sector were exchanged. Ant Group is committed to implementing the meeting opinions in depth and continuing our course based on the principles of: stable innovation; embrace of regulation; service to the real economy; and win-win cooperation. We will continue to improve our capabilities to provide inclusive services and promote economic development to improve the lives of ordinary citizens.” +I feel like this sub has turned into a speculation hub for real estate. I'm sure that mortgages and real estate comes into play with personal finance, but this has gotten to a ridiculous level. + +Whether you are in the homeowner group or not. +I have personally waited many years for a house price drop, but it never came true. +If there truly is a market "crash" as some of you may say, all those who were waiting to buy "the dip" are the exact reason why the market is kept afloat. + +I'm sure we will see "corrections" like in any market, +As of course there are home owners who are taking extravagant risky loans with only a small deposits. +But how long do you wait until the market goes down ? By the time there is a correction, in the time you wasted, prices would have gone up by a lot. +Numbers reference Afterpay's HI FY20 results (https://www.afterpaytouch.com/images/27022019-H1-FY20-Results-Presentation.pdf) + +Some food for thought: + +- Current market cap of afterpay (AP) = $11 billion + +- Tencent took a speculative stake at ~$300 mil for 5% stake. This would imply fair valuation of $6 billion after their due diligence. (https://smallcaps.com.au/chinese-fintech-giant-tencent-buys-stake-afterpay/) + + - AP previously peaked at $40.50 on 19 Feb 2020. Current market price is $41.20. + +- Prior to covid19, AP's half year total income was 212 mill. This would suggest a price to income of 26. It's not possible to do a PE because AP is still operating at a loss (page 3) + +- AP concedes that its business model/profitability relies on "good customer behaviour" (page 5). It basically runs no credit checks before allowing people to purchase predominantly discretionary items. + +- we are currently in the biggest economic crisis since the depression. (https://tradingeconomics.com/united-states/manufacturing-pmi) +I've been stuck at home all weekend, being sick, so I've been working on a new spreadsheet to track my investments, since I haven't found one that met all my needs or was easy to use. So [here](https://docs.google.com/spreadsheets/d/1m98UCQvmmUbMK4VlodU5xTqszhMLbFSx8lgcfI4RcL8/edit) it is! + +Quick overview of the what I wanted it do: + +I own a few random stocks I prospect via Schwab, that I wanted to quickly be able to look at a day's performance. The majority of my investments are done with a lazy portfolio via Vanguard, though, so this is what I really wanted the spreadsheet for. + +Features: + +* The stock quotes are all live, via Google Finance. So just type in your Ticker and let it do the work +* Splits vanguard (or whatever broker you use for retirement) investments up by Personal and IRA Accounts +* Sub categorizes each account by allocation (Bonds/Equities & International/Domestic) +* Provides retirement account overview to quickly assess if you are within allocation +* If you are not within allocation, it tells you which stocks to Sell/Buy to regain allocation (i.e., "Sell $6,300 of Domestic Equities") + +Although that is all fun, I'm sure you've seen spreadsheets with similar features. I wanted this to be truly lazy though, in the spirit of the lazy portfolio. Not something I have to physically check every few months (ugh, so much work). Now for my favorite part: + +* The spreadsheet includes an overview page, that allows you to quickly see the day's performance +* More importantly, it also allows you to see how far off allocation your retirement accounts are, and automatically color codes it for more visibility (i.e., if you are out of allocation by 10%, it is red) +* We're still not lazy enough. Now for the standout feature I couldn't find anywhere else *drumroll*: **It will automatically send you an email alert if you're out of allocation by 10% or more** (see instructions below for more information). Never check the spreadsheet again! + + +*Instructions for use* + +First, make sure you copy this spreadsheet to your own google account (File -> Make a Copy). If you don't see the File menu, make sure you are logged into your account. +Once that's done, It's pretty straight forward, for the most part. Just change the ticker symbols & shares owned to your actual holding and it will calculate the rest. Also, you will have to play with the allocation math, if the default allocation doesn't match your desired target. Feel free to reply with questions. + +The trickiest part is getting the email notifications to work. Follow these steps: + +1. Tools -> Script Editor +2. Replace ENTERYOUREMAILHERE on line 11 with your email +3. If you want to change the threshold to trigger an email (its currently set at 10%), change that on line 7 (change the number after "value>=") +4. Save the script by hitting the save button +5. Run -> Read Cell (allow authorization) +6. Click the trigger button (its directly to the right of the cloud button and save button) +7. Set up a trigger +8. It should be set up as readCell/Time-driven. I recommend choosing a day-timer, so it will check once a day and if you are off, send you an email once a day. (I made the mistake of initially setting up an minute timer and getting an email every minute for 6 hours. Whoops.) +9. Save. Now forget about it and go do something else! + + + +*Note:* Before anyone asks, these aren't my actual holdings or stocks so don't send me advice about how X is a terrible idea. I wish I owned TSLA. The holdings in this portfolio are purely a demo. + +Lastly, if anyone has any tweaks or recommendations for this, please let me know. Im still new to spreadsheets and figured out most of this over the weekend. + +**Edit:** + +A lot of people have been reporting that the page is loading in a view-only mode that does not show the menus, or allow copying to your account. I *think* it's just getting overwhelmed by the amount of visitors, so be patient and try refreshing a few times, or try back again later. Also, make sure you are logged into your account. If anyone has any other ideas as to why its doing that, or how to fix it, please PM me! Sorry for the confusion! +Im looking for dividend stocks to add to my portfolio but I can not find any. On my search I saw r/dividends and there’s so much on SCHD. I’m very confused. Can someone explain +This is my sixth yearly update on my FIRE journey after reaching 100k 5 years ago.  You can read the previous posts below: + +1. [Five years ago: I hit 100k of invested assets](https://www.reddit.com/r/financialindependence/comments/261kp3/major_personal_milestone_achieved_this_week/) +2. [Four years ago: I posted my first update](https://www.reddit.com/r/financialindependence/comments/36jg7u/one_year_after_100k_update/) +3. [Three years ago: I posted another update](https://www.reddit.com/r/financialindependence/comments/4jt2d2/two_years_after_100k_update_2/) +4. [Two years ago: I posted another update](https://www.reddit.com/r/financialindependence/comments/6bjp0r/three_years_after_100k_update_3/) +5. [Last year: I posted another update](https://www.reddit.com/r/financialindependence/comments/8igab5/four_years_after_100k_update_4/) + +**------This Year's Stats-----** + +35, Married, childfree, petfree + +[Mint Snapshot and Net Worth History](https://imgur.com/a/nByCEc9) + +**Total Net Worth** = $750k.  + +**FI Goal** = $1.1M + a paid off mortgage.  + +**Debts** =  366k mortgage @4.275%, monthly expenses on credit cards paid in full monthly. + +**Income** = SO's income (\~105k/yr) + Airbnb (\~16k/yr).  + +**Expenses** =  Steady at about $5k/month $3k of which is mortgage/property taxes/insurance.   + +&#x200B; + +\-----**Other Details-----** + +* When I was in my late 20’s I told my co-workers that I may very well be retired by the time I’m 35. Now I’m 35 and haven’t received a paycheck in over a year. The last time that was true was 20 years ago. In a sense, I have retired; from corporate employment at least. I’m no where close to FI, but I’ve successfully escaped the drudgery, confusion and inadequacy I felt throughout my tenure in corporate employment. My days are still full of confusion and inadequacy but now with an equal measure of excitement, discovery and ownership. When I talked about FI/ER early in my journey I always added the caveat that I was still open to finding “my calling”. Some people in the world seem to find their work fulfilling. They are happy spending the hours of their life at work because the sense of purpose or even the work itself was worth more to them than the wage they get as a bonus on top. “I’m still open to finding that!” I would say, mostly trying to keep that hope alight in myself. I knew that I have a propensity towards cynicism and bitterness that could make for a lonely, hollow retirement if FI/ER became the mission instead of the means. Well I’m happy to say that I’m closer to finding that purpose than I’ve ever been before! And wow have I developed some maladaptive, bad habits from my years in the FI grind. . . +* My side-gig has indeed turned into a full-time entrepreneurial venture. I’m one of a founding team of 3 building software, talking to prospects, empathizing with their problems and trying to invent solutions. Basically all of the things I saw my “fulfilled” peers doing in my past jobs. Why wasn’t I paying attention!? Why couldn’t I find the motivation or investment they so clearly felt!? Besides being told I was special a few too many times as a kid, I’ve identified a few of the reasons here: + +1. I definitely have some form of ADD. I finally got a meth prescription and found out what I’d been missing. I now wake up earlier and faster, can focus on work longer, and procrastinate less. I’m not thrilled about changing my brain chemistry to conform to a society and lifestyle I see as unsustainable and anti-humanitarian, but it’s not that different from conforming my lifestyle while saving for FI. I see it as a debt I’ll have to pay-off when I have the wealth to return to authenticity. Or maybe I’ll just become someone who doesn’t worry about that kind of thing. No sense in tiptoeing through life only to arrive safely at death. +2. I REALLY need to know how organizations work and what is expected of me to feel valuable. When I didn’t understand a task in my past roles, I would ask my boss for clarity. If they couldn’t give me a good answer, I would ask them to ask their boss. If nothing that respected my time and commitments to the company came back that was the moment I checked out. My personal north star would change from working towards a shared goal to minimizing investments (time, stress) on a fixed return (my paycheck). Well now, I am the whole machine, I have access to every part of it and if it stops working, no one else is going to fix it. It’s not stress free, but it’s pretty damn clear how and why I’m valuable. +3. Society was not resistant to my comfort without hard work on my part. Basically, individuals who look and sound like me don’t always need to be invested or motivated to land jobs, earn high incomes, win scholarships, avoid being fired, etc. All statistical commentary on demographics aside, I, as an individual, definitely benefited from this privilege in many invisible and uncountable ways. (This is the seed of those maladaptive bad habits I was talking about.) As a startup founder and hopeful government contractor, it’s becoming not uncommon for me to run into opportunities stating up front that priority will be given to people with genders, races and qualities other than my own. My lizard brain wants to play the victim in these moments, but it’s always easy to get perspective. Given that I had no choice in the matter, I guess I’d rather have had the privilege. I often say that the point of privilege is to use it and to me that means creating value, eliminating the causes of privilege in the first place, and having compassion and empathy for everyone I meet. It’s a real shame that the privilege that put me in such a good position to do all that also allowed me to skip the skill-building work that I now NEED desperately to actually execute on any of it. +4. Another reason is that I didn’t have any real mentors. I wanted them, but I failed to simply ask people I respected for mentorship. I’m much more comfortable giving advice than getting it (see: [update #3](https://www.reddit.com/r/financialindependence/comments/6bjp0r/three_years_after_100k_update_3/)), which is comical given my relatively narrow life experience. The consequence of this is that I compartmentalized the people in my life who knew I was professionally dysfunctional from the people who had any power or ability to help me with it. Eventually, working towards FI/RE began to help with this, since as I gained some financial security I started feeling like I could take some risks at work. I chose to negotiate harder, WFH more brazenly and ask for bigger raises, but I could have also been more open with my bosses and humbly asked for help. At the time, that felt like exposing myself to the risk of firing. Maybe that’s exactly what would have happened, but I wish I’d run the experiment to find out. It was definitely confusing to feel completely checked out, ask for unearned privileges, and get them. If this sounds like living the dream to you, beware that you’re essentially just compressing the multi-generational tragedy of trust fund babies into one person (yourself). +5. Finally, no one seemed to notice! This one is totally crazy to me. If you notice people like me in your organization, please say something to them. They are probably feeling trapped between golden handcuffs and imposter syndrome. It’s really Office Space out there. When I first saw that movie it was a comedy, but now it’s a tragedy. How can employers ask for most of your waking hours and not even notice this is happening!? If I get so lucky as to actually employ others someday, I’m going to notice. I knew I was the only one responsible for my thoughts, words, actions, habits and character. I chose, consciously or through omission, to live in that state for years. If you work hard and notice yourself resenting someone like this, ask them to work with you. Tell them you’d be personally grateful if they did some specific, measurable task for you. Explain why it’s important and how it fits into your duties. You’ve got a super-power they don’t have, and you can share it without losing it yourself. A sense of purpose and accomplishment are non-rivalrous goods. + +* My main focus in life is now company building instead of wealth building, which feels nice. I’d still like to be FI, but I don’t really have a date or a number anymore. My goal of $1.1M is just what I see as responsible in my current lifestyle, but we could sell our house and be FI in Costa Rica or Estonia today. I don’t visit the FI subreddits, and I rarely check my investments on even a weekly basis. +* Airbnb hosting has become easy and streamlined. We’ve had over 80 guests and are a well oiled machine at this point. Sometimes guests come and go without us ever even seeing them in person. We use an integrated smart lock and an auto-messaging and pricing service on two single room listings. I haven’t done a rigorous financial assessment but I’d guess that it’s profitable from P/L perspective but that we earn a low hourly wage on our time. Factoring in the people we’ve met, the area we get to live in, and the quality of life we experience from the home, it’s probably worth it to us but only including the intangibles. If there were zero switching costs, I’d probably choose to live in a well managed condo, or small single family home. +* I was not able to de-program from work-life in the way that I thought I would after I was laid off last year. My side-gig swelled to fill the time and I basically keep business working hours now. Being an entrepreneur has made it more difficult to stay fit, foster community, travel, play music, and cultivate my primary relationship. These were all the things that I valued outside of work during my years in corporate. They kept me sane and I thought I would invest in them even more once I was done. On the other hand, being focused and purpose driven has made me much more intentional and effective outside the entrepreneurial work too. Ultimately, I’m not sure I’m unhappy with the balance in my life. I’m still fit enough, and I travel for leisure some. I play less music and some communities I valued have faded while others are springing up. My relationship with my partner is better than ever and it’s the last thing on the list I’m willing to compromise. +* My SO had a big jump in income in the last year. They are basically killing it, and enabling me to start this company without actually spending our savings on it. They have always been a happy worker with a tremendous work ethic. It’s one of the things I admire most about them. I keep an eye out for resentment about our disparate incomes but so far we are both happy with the current arrangement. I’ll either bring this company into profitability or jump back into the workforce to push us past $1.1M at light speed. +* **Tip for the year:** If you are struggling with the FI grind and corporate ennui, spend some of that savings rate on a professional coach. It’s like therapy but with metrics. I’ve found it tremendously valuable and wish I’d thought of it sooner. +* **Ask for the year:** Has anyone here built a profitable B2B SaaS company? If so, would you be willing to chat with me about it? Send me a DM! + +&#x200B; + +\-----**Asset Allocation for reference-----** + +* Bonds-----------------------27% (VBILX) +* S&P 500--------------------13% (VFIAX) +* Small Cap US-------------13% (VSIAX) +* Emerging Mrkt----------12% (VEMAX) +* REIT--------------------------12% (VGSLX) +* Global Capital Cycles--10% (VGPMX) +* International Large----13% (VTIAX) + +&#x200B; + +GLTA! +They are supposed to be diversified and “safer” than stocks alone, but just looking at graphs going back 10-20 years and potentially even further, for example all of the fidelity target date funds, across the board get hit just as hard if not harder during market downturns, and they seem to make less returns during bull markets than the s&p 500 for example. All of this while charging ~3x the fees of a simple s&p 500 tracker fund. + +I swapped over from a mix of target date funds and mutual funds, to a pure 100% fxaix (fidelity’s s&p tracker) portfolio at the end of 2021, at the absolute peak right before this current market swing, and i am down way less than i would be if i had stayed with my previous “safer” strategy. + +I know Warren Buffet said hedge fund managed portfolios are not worth the fees, and I am really starting to understand that now. + +Anyone have any idea? Thanks! +Hi all, + +I'm 28, Male from the North East and for the best part of a decade I have wasted my life and money on gambling and paying off debts. Its ruined a lot for me and I know that but what i also know is that for years i have longed to be debt free and I finally am. I need this to be a turning point! + +Finally, i have this last week paid off my debt management plan with Stepchange (incredibly helpful) +This Friday, it will be the first time I've been paid in over 8 years that I have money to myself without paying off debts. + +I got myself into this mess probably 8 years ago when I started gambling and eventually lost a lot of money and ended up in a very dark place. I still struggle with the gambling now and it's the reason I have next to no savings to my name at this moment in time but this months pay will be all mine. Sure I've got a few bills to come out but the rest will be all mine. + +I'm terrified. I know the fortunate position I am in and the sense of relief that the debt is gone is great but I have a surreal feeling of dread. I'm scared that I may slope back into wasting money. + +I now need to drastically save over the next few months to catch up to my girlfriends savings for (hooefully) a house later this year as I should have a lot more than the few hundred pounds I currently have. I can quite easily do this in 2 or 3 months I believe but that is dependent on me not touching that money... + +What I need, if it exists is a place to put most of my wages in that has a few barriers to me accessing it to ensure I keep it saved. +I dont mean barriers as in accounts I can only withdraw from once a year or something but just somewhere that I can put that money that is harder to get than a normal account. + +I'm just scared and dont know if I can fully trust myself to just keep the money in an isa and not touch it so if anyone has any ideas I would greatly appreciate it. It seems ridiculous to even write that at 28 years old I dont know if I can trust myself but I dont want to mess this up so need to just put things in place to keep things on track + +I have waited to be debt free for years and yet now I am, I feel more scared than ever before + +Thank you in advance if anyone has any advice to help me +Remember to do your research first kids. + +And don't trust information without double checking. Even my information. + +The OP of the post below forgot to do that. + +[https://np.reddit.com/r/CryptoCurrency/comments/vc1z3j/why\_are\_so\_many\_of\_you\_people\_hodling\_nomatter/](https://np.reddit.com/r/CryptoCurrency/comments/vc1z3j/why_are_so_many_of_you_people_hodling_nomatter/) + +Giving some inaccurate information, and some bad advice on timing the market. + +Nobody knows what's going to happen, so don't try to time the market, unless you're ready to gamble. + +It's a much more complex picture than OP was trying to paint. + +So don't pull out everything, or go all in on shorts. Pull out only what you're not comfortable having out there. + +But don't try to bet on the direction of the market. Instead strategize for multiple potential scenarios. + +# 1- OP is inaccurately describing how the Fed reduces its balance sheet. + +"The Fed is going to sell another $45 billion in assets in July, and another $45B in August. Then, they will increase the rate to $95 BILLION EVERY MONTH starting in September. + +That's simply not true. The Fed isn't doing a selloff, it's doing a runoff. It's simply gonna let part of its balance sheet runoff and let bonds reach maturity. + +They are doing that by simply not re-investing some of the bonds that come to maturity. + +Evidence: [https://www.federalreserve.gov/newsevents/pressreleases/monetary20220504b.htm](https://www.federalreserve.gov/newsevents/pressreleases/monetary20220504b.htm) + +[https://www.stlouisfed.org/open-vault/2022/may/how-will-fed-reduce-balance-sheet](https://www.stlouisfed.org/open-vault/2022/may/how-will-fed-reduce-balance-sheet) + +# 2- "The fed meeting is tomorrow and its going to be a .75 basis point hike". + +OP didn't provide any evidence on how he already knows this. The Fed haven't announced anything yet. + +Just because everyone expects it to be .75, doesn't mean it will be. + +In fact, since everyone seems to expect a .75, that would increase the likelihood that the selloff for the last few days, might be already pricing this in. + +# 3- Last time we starting having QT was in October 2017. + +This is back when Janet Yellen started to reduce the balance sheet by $650 Billion. + +Remember what happened to Crypto in October 2017, and the following couple months? + +I'm definitely not saying the same will happen. Conditions were different. And QT went on for several months, where Bitcoin started to dive again. I'm just saying QT alone isn't an automatic guarantee of anything for crypto. + +Things have to be put into context. + +But more importantly, policies on QT have changed since then. + +2017 didn't have the result expected, and they eventually had to pull to plug on their QT. + +This time around there's a couple of policies to safeguard from that happening, with some safety switches. Banks will be able to have liquidity when needed, and the New York Fed can setup unscheduled domestic repurchase agreements. + +# 4- OP claims that there is "An almost perfect correlation between crypto and the Nasdaq". + +That's not entirely accurate. + +While there has been a recent increase in correlation, it has never been a 1:1, nor near perfect, nor above 0.9 in statistical correlation to stocks. + +&#x200B; + +[In 2022 Nasdaq 100 correlation peaked at 0.7](https://preview.redd.it/r39d2rme3n591.jpg?width=1198&format=pjpg&auto=webp&s=2e15f051e0149f1058c1894b613da5162c73f58e) + +&#x200B; + +[0.75 correlation peak with the S&P 500](https://preview.redd.it/o1h7oqyh3n591.jpg?width=1830&format=pjpg&auto=webp&s=f5c002b076a4187494959afe807f65a686032d56) + +0.8 and above is generally considered "strong correlation". But we've only reached around 0.7 with stocks. At 0.5 you have a moderate correlation. + +A short term spike from around 0.5 to 0.7 isn't exactly an "almost perfect correlation". + +That's a little bit of an exaggeration. + +# 5-"And when both the stock market and the housing market get tumultuous, risk assest get sold first. That is what you are starting to see." + +A tumultuous housing market? + +It's been a fairly hot housing market, and the only thing still holding up. Or at least not at a 2008 or a housing market crisis level yet. + +It's been red hot for the last 2 years. + +Average house prices have vastly increased during that time, although slowed in the last quarter, reaching a historic high: [https://fred.stlouisfed.org/series/MSPUS](https://fred.stlouisfed.org/series/MSPUS) + +There are recent signs of sales slipping, and with the supply chain unclogging, inventories started to increase. So a correction could already be in the works. + +It might crash. Maybe next month. Maybe next decade. But we don't know that yet. + +Also, Bitcoin has been selling off since November of last year. When the stock market was still reaching new highs month after month. We already entered a bear market before stocks started to tank. + +We've seen mixed information about this. + +Earlier this year, on the day stocks dropped into correction, Bitcoin went up. + +&#x200B; + +[Bitcoin vs S&P 500 on the day stocks officially entered \\"correction\\"](https://preview.redd.it/3h13rb7d4n591.jpg?width=1335&format=pjpg&auto=webp&s=ce3d1fc4552473ed2512b7eb72173d9aaed73488) + +Then it went on to go in a mini bull run from $35K to $47K when the war broke out in Ukraine, while stocks were tanking. + +&#x200B; + +https://preview.redd.it/fvgi7g4k4n591.jpg?width=1330&format=pjpg&auto=webp&s=494db109a610bcbbe44abbbde21a5d0ce48e796b + +When Chinese markets tanked between the end of 2015 and the beginning of 2016, and the stock market in the US went into a little panic and dipped into correction, Bitcoin went from around $200 to around $400. + +On the other side of that, Bitcoin crashed with the rest of the world during the covid crash. + +So the correlation isn't always consistent or guaranteed. + +It's not a sure fire thing you can rely on. + +# 6- At the end of the day, the picture is more complicated than that. Never trust anyone who tells you things will definitely go worse, or definitely go better. + +No one really knows. + +Keep in mind, markets are based on emotions more than fundamentals. So they can always do something irrational. + +But the fundamentals aren't even that crystal clear. + +We are in a bear market, and stocks are heading into recession. + +But at the same time, we have conflicting data. + +We had negative GDP in the US, in big part because of the big jump in trade deficit. Which came from the after effects of covid restrictions, and supply chain clogs. + +But now the bottlenecks in the main US ports have dropped by nearly 40%. So it's not guaranteed that GDP will be negative again next quarter. + +Also, unemployment is at a historic low. And at the same time, 2022 had some of the highest wage increases in over 10 years. + +Consumer spending has been up 2.7% despite inflation. And even inflation adjusted, it's still up 0.7%. + +OPEC has started to increase its output, and is set to increase its output in July by another 400K barrels a day. Possibly more if they reach an agreement with the G7. + +That could help quell both inflation and supply chain problems. + +So the outlook is a little more complex. + +If it was a sure thing, we'd all be millionaires. +In 2018 I moved in with my partner. She already had two kids from a previous relationship. A year later she told me that she'd been claiming child benefit and because of my salary (over £50k) I would have to pay it back. I knew nothing about this and was shocked to say the least but went on to HMRC and paid ~ £1300. HMRC didn't request the money and I don't think they knew why I had sent them money. + +She stopped claiming it at that point (as didn't see the point of it me essentially paying her money in one bulk payment at the end of the year). Fast forward to today and she has now admitted to me that she restarted claiming it over the last 3 years to a total of about £8k. + +Again, I didn't know she was claiming it. Prior to us meeting she got herself into bad debt and repays a charity. Whilst she says the money was used for child care, at least a decent part of it has gone to repaying her debts. HMRC are not chasing this money as we don't appear to be linked in any way but my accountant has informed me that I must repay this. + +Aside from the dishonesty, where do I stand? I assume high income benefit tax is designed because both parties would know they are claiming it, and would have to repay it. If one party didn't know it was being claimed, where do they stand? Am I supposed to just take this on the chin? +Assuming you’ve been given $1000 how much would you save, spend, and invest? + +I’m still struggling with finding a balance between all three. Sometimes I find myself investing 90% of my earnings and having little to nothing to spend and save. If I was given $1000 I would typically invest around $800 or more. +I am interested in hearing your story of how you started day trading and became successful. + +I am a new trader with about $100 in my account for now until I can find a great strategy. My dream is to become a full time day trader. +I wanted to provide an update to my previous post (linked below). + +Thanks to everyone who gave me advice- I applied for the role, was successful and mentioned my pregnancy to both HR and my new manager. + +Everyone took it extremely well and I’ve started transitioning to the new role whilst they search for a permanent replacement for my old role. + +Thanks again to everyone who provided advice and/or their own personal perspective- much appreciated! + + + +https://www.reddit.com/r/AusFinance/comments/ngy7hx/applying_for_internal_promotion_while_pregnant/?utm_source=share&utm_medium=ios_app&utm_name=iossmf +Hey, Space Cadets 🧑🏻‍🚀Am literally here to share an undiscovered gem with you 👀I have been looking at this project for 1 week now. This team is so dedicated to what they do, and it's always something new going on. + +&#x200B; + +🚀They got a new **Logo** and a **New Website**: [SafeSpace Website](https://safespacecrypto.net/) 👀 +💎Crypto Gems is now marketing SafeSpace: [Crypto Gems Twitter](https://twitter.com/cryptogems555/status/1390631871919398914?s=20) + +&#x200B; + +**Rug proof?** + +They JUST got **audited** by solidity finance 👏[https://solidity.finance/audits/SAFESPACE/](https://solidity.finance/audits/SAFESPACE/) + +They **renounced ownership** 8 days ago. Like I said I have been keeping my eye on this project, and It look's like **safespace** is ready to leave the earth's atmosphere. + +**Marketing?** + +🚀They just announced a listing on **Bitmart**, **renounced ownership,** and **YouTubers** are posting at least 1 video about them **every day.** + +Here is the last one posted about them by **UP NEXT CRYPTO**: [UP NEXT CRYPTO Youtube Video](https://www.youtube.com/watch?v=ngC8eszfByE&ab_channel=UPNEXTCRYPTO) 🤩 + +They gave away **1 Trillion #SAFESPACE tokens on Twitter**, so follow them on Twitter. They got like 1 giveaway **every week** 👀 + +This is NOT something you want to miss, they really take care of their community on telegram [https://t.me/safespaceproject](https://t.me/safespaceproject) **24/7 Online**? Come on, that's dedicated 👏 + +100% Community driven protocol. The SafeSpace community & all the holders will determine the future implementations of the protocol. **If the community asks for something, they always deliver. It's like you are one of the owners! Why not be part some something that great!** + +✅ **5.398 Trillion #SAFESPACE was set on fire** 🔥 + +When they hit the $3M market cap they put 5.398 Trillion #SAFESPACE on fire. You can check it here: + +[https://bscscan.com/tx/0xdc65c8f1c481defffb2b2567b8d9129ec658808f0f39ec81af813cbe0fd4000a](https://bscscan.com/tx/0xdc65c8f1c481defffb2b2567b8d9129ec658808f0f39ec81af813cbe0fd4000a) + +🚀**Liquidity has been locked for 6 years** + +**-** + +&#x200B; + +* 👨‍💻 [SafeSpace Website](https://safespacecrypto.net/) 🌔 + +&#x200B; + +* ✉️ [Join SafeSpace Telegram](https://t.me/safespaceproject) + +&#x200B; + +* 📈 [Chart](https://charts.bogged.finance/?token=0xe1DB3d1eE5CfE5C6333BE96e6421f9Bd5b85c987) + +&#x200B; + +* 📄 [BscScan](https://bscscan.com/token/0xe1DB3d1eE5CfE5C6333BE96e6421f9Bd5b85c987) + +&#x200B; + +* **Youtube:**\- +* [Review by UP NEXT CRYPTO](https://www.youtube.com/watch?v=ngC8eszfByE&ab_channel=UPNEXTCRYPTO) +* [Review by Crypto 0](https://www.youtube.com/watch?v=nHLIm50vxtw&ab_channel=Crypto0) +* [Review by Crypto Lightsaber](https://www.youtube.com/watch?v=N9lzWw2bBak&ab_channel=CryptoLightsaber) +* [Review by Crypto X](https://www.youtube.com/watch?v=K962gEPegos&lc=Ugyx2SByWNiEXj3qcO94AaABAg.9MytepU886p9Myu_ElPQhe&ab_channel=CryptoX) + +&#x200B; + +* **Tik Tok:** +* [Review by Cipriandafinescu](https://www.tiktok.com/@cipriandafinescu/video/6958124475724467461?is_copy_url=0&is_from_webapp=v1&sender_device=pc&sender_web_id=6953980555886446085) +* [Review by Mehmet Wehbe](https://www.tiktok.com/@mehmetwehbe/video/6955895612533378306?lang=en&is_copy_url=0&is_from_webapp=v1&sender_device=pc&sender_web_id=6953980555886446085) +* [SafeSpace TikTok](https://www.tiktok.com/@safespaceofficial0/video/6954033016700194054?lang=en&is_copy_url=0&is_from_webapp=v1&sender_device=pc&sender_web_id=6953980555886446085) +&#x200B; + +[whale teeth 4 moass](https://preview.redd.it/a0lb326s3lh71.png?width=1427&format=png&auto=webp&s=5694d10e1a86426f3f5fcea66d1fb1d0bbf3db4b) + +alright listen up you chodes, we got a lot of updates to cover and this bong isn't gonna smoke itself so let's get moving. \*bubble noises\* + +# Karma Requirements + +\*exhales\* we heard you 😊 and we're lowering the limits to 4800 for posts and 1200 for comments. for all of you who can now post/comment again, remember that: + +>with great power comes great responsibility +*--Uncle Ben Franklin, inventor of magnets* + +[from u\/\_Badtothebone\_](https://reddit.com/link/p51kty/video/anql0il44lh71/player) + +# AMA Announcement | Robert Shapiro & Lucy Komisar | 18th August @ 4:30pm EST + +The AMA will be hosted by Lucy and our very own [u/Jsmar18](https://www.reddit.com/u/Jsmar18/). + +[Detailed info about the event](https://www.reddit.com/r/Superstonk/comments/p2ttdo/ama_announcement_robert_shapiro_lucy_komisar_18th/) + +We will send the video link out before Wednesday. We wanted to give you guys a heads up. It'll be on a [new Superstonk YouTube channel](https://www.youtube.com/channel/UCJ-mn_GXx-MZeL8KiNx-_IA). We created this new channel because we want our current productions to reflect the current moderating team. The most efficient way was to set up a new channel, which is still non-monetized and is built on the idea that no single Ape owns it. As for the past AMAs, we have decided to archive them on the previous channel. We hope to see you at the AMA! Prepare for wrinkles! + +# Helpful Tools from [u/Jsmar18](https://www.reddit.com/u/Jsmar18/) + +My bro has put together some banging resources for Apes everywhere and of all wrinkle levels. Check these out cause it may contain some useful info you may have missed! + +[Tools of the Trade](https://www.reddit.com/r/Superstonk/comments/p1q4kv/tools_of_the_trade_pinception/) + +"Welcome to tools of the trade, where you can find all the handy links you need to do your research, find previous DD and more. This will be a living post and updated regularly with your recommendations and feedback" + +[A Non-Exhaustive New User Intro to GME](https://www.reddit.com/r/Superstonk/comments/p4aa7o/a_nonexhaustive_new_user_intro_to_gme_pinception/) + +"The purpose of this post is to walk you through a brief timeline and provide some noteworthy research posts, which we call Due Diligence (DD). From here you can continue reading from a well-cataloged list of DD that goes far deeper once you have a top-level understanding of why 550k+ people are subscribed to [r/Superstonk](https://www.reddit.com/r/Superstonk/) and many other GME subs currently." + +# Community Awards Contest - from [u/Bye\_Triangle](https://www.reddit.com/u/Bye_Triangle/) + +https://preview.redd.it/d471weiw3lh71.png?width=1200&format=png&auto=webp&s=e632726457d11b29e977ee9da3a4386a83b577e1 + +Apes! We've made it, it's about time! + +The Superstonk Community Awards contest is finally happening! Though this time it's a bit different. We thought it would be a good idea to try out a new contest platform for this one since the last platform had a bunch of issues. With that out of the way, lets jump in! + +[SUPERSTONK COMMUNITY AWARDS CONTEST 🚀](https://woobox.com/qxkoed) + +***A few important notes:*** + +*-The contest will run from TODAY! (August 15th) and goes for a whole week, closing on July 53rd (August 22nd).* + +*-Vote for each award that you like. There's no limit!* + +\-*If there are ties to break within the top 8, we may resort to a "sudden-death" round, done in a bracket-style vote.* + +*-There are two pages of entries (but the arrow at the bottom is hard AF to see) and,* + +*-Please leave feedback on this new system in the comments below as it is likely we will use this platform again in the future.* + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +**Prizes:** + +The top eight designs will be made into the following awards: + +5th-8th: Community Award (cost: 500 Coins, 100 to [r/Superstonk](https://www.reddit.com/r/Superstonk/)) + +4th: Community Award (cost: 1000 Coins, 200 to [r/Superstonk](https://www.reddit.com/r/Superstonk/)) + +3rd: Community Award (cost: 2000 Coins, 400 to [r/Superstonk](https://www.reddit.com/r/Superstonk/)) + +2nd: Mod-Exclusive Award for 1-month Premium (mod cost: 1800 Coins) + +1st: Mod-Exclusive Award for 3-month Premium (mod cost: 5400 Coins) + +Additionally, 1st and 2nd place will receive FOUR of the new 3-month Premium mod-exclusive awards on their top posts and/or comments, 3rd and 4th place will receive ONE of the new 3-month Premium mod-exclusive award, and 5th, 6th, 7th, and 8th place will each receive ONE of the new 1-month Premium mod-exclusive award. This will effectively win you Coins and Premium membership, as well as serious clout from designing an official sub-award. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +Thank you to everyone who worked on these designs, its clear that there was a lot of love and care put into these works. I hope that, despite the wait, everyone has as much fun going through these as I had while putting it together + +Cheers, + +B\_T + +# Closing Thoughts + +Every day is a new chance to moon. All we need to do is buy and hold. Hedgies R Fuk. Diamond Hands forever. If he's still in, I'm still in. Apes Together Strong 🚀🌕 + +[our job is so easy](https://reddit.com/link/p51kty/video/vw1xopkz3lh71/player) + +\--XOXO your friendly neighborhood moderators + + +You’ve done your research and you’ve found the next great trade. You can’t wait for the opening bell to enter the order and the stock looks like it wants to move higher. After a few minutes of trading the market also looks good and the stock is running so you hit the buy button. We’ve all been in this situation and here’s why you should wait for at least 30 minutes. + +During early trading buyers and sellers are jousting to see who has the upper hand. Much of the price action is program driven and the price action tells us how the day is going to unfold. All of your day trades and swing trades need to start with the market. Let’s take a look at the last 3 days of trading and what we learned from the early action in the SPY. + +**Wednesday** the market opened with tiny mixed candles. That is a sign that neither side has much of an advantage. Dojis and long wicks/tails are also an indication that the price action is balanced and that neither side has an advantage. The trading volume was also very light. After an hour of trading you would conclude that if you were day trading you should expect a tight range and that you should trim your size and set passive targets. + +&#x200B; + +[SPY 5 Minute](https://preview.redd.it/d8v1i72jfks61.png?width=942&format=png&auto=webp&s=649e86a759b8b5a29ee51d7297693a26c94a0858) + + + +**Thursday** the market gapped higher. Gaps to a new relative high have been faded and you should expect the bid to be tested. You need to be careful of a gap reversal and you can see from the green candles in the first 30 minutes that there is some buying. That tells me that a big drop and a gap reversal is unlikely. If there were going to be a gap reversal those green candles would not have been as big and they would not have come so soon. On the next drop we can see that the market almost filled the gap and that the new low of the day was barely below the prior low (marginal new low). The next series of green candles confirms that buyers are still engaged and that provides you with a better entry point. If you bought the open you overpaid for your position and you were exposed to a possible gap reversal. If you were day trading you might have been stopped out for a loss. + +&#x200B; + +[SPY 5 Minute](https://preview.redd.it/rhdb2dxsfks61.png?width=791&format=png&auto=webp&s=bd2a1ef61ff8c13207fb886cc0d74bb2b711723a) + +&#x200B; + + + +**Friday** the market started off with a series on nice green candles. That move was orderly, but the candles were tiny and that is a sign of resistance. That move lured in bullish speculators and the market was making a new high. After that initial push higher the market tested the low of the day. If you bought too early you overpaid. The market dip had tiny candles indicating that the retracement was also weak. On the low of the day you can see a long green candle (bullish engulf). That is a sign that support is strong at the low of the day. + +The information that we get in the first 30-45 minutes helps us gauge the market. It tells us how aggressive buyers and sellers are. During that early action we can also gauge how the stocks we want to buy are behaving. If the market is going down and the stock is going up, I know the bid is strong and that the stock is ready to fly. If I buy the stock right on the open I do not have that information. + +&#x200B; + +[SPY 5 Minute](https://preview.redd.it/bnu0bwvzfks61.png?width=815&format=png&auto=webp&s=9ca2afc9065f3f96e2254a813874b23b1f26f7f1) + +&#x200B; + + + +Let’s use and example from last Friday. CRM looked great. The stock had formed a base on a daily chart, the stock had heavy volume and we can see on a daily chart that it was testing the 100-day and the 200-day MAs. Would the stock blow through that resistance or would it pullback? The market was strong, but the tiny candles suggested that there was resistance and that we did not need to chase. + +&#x200B; + +[CRM 5 Minute](https://preview.redd.it/2a864rybgks61.png?width=898&format=png&auto=webp&s=0fea5371219ca78b6a104211f7a5e424f02564ca) + + + +In this next chart you can see how the market pulled back and CRM stayed very close to the high of the day. This is a sign of relative strength. As soon as the market found support CRM blew through the major moving averages and you had confirmation that you had an excellent entry point. You can also see the relative strength later in the day. Relative strength is my edge and I search for it every day for my day trades and swing trades. + +&#x200B; + +[CRM 5 Minute](https://preview.redd.it/c5ffiupigks61.png?width=1138&format=png&auto=webp&s=9bdb351a0e10c2f6e275999449b8e021b92c6d75) + + + +Some of you will look at the CRM chart and say… I would have entered even better if I had bought the open for CRM. In this case that is true. However, you did not know that the market was going to do or if CRM was going to retreat after testing the major MAs. + +FB has been strong recently as well. It opened a little soft Friday and it shot higher with the market. However, look what happened after that. The stock gave back all of the gains when the market retraced. That is bearish and it is a sign that there is selling pressure. If you bought this stock early in the day you overpaid. By the end of the day you might have decided to stop out for a loss. Luckily, the market had a strong day or the stock would have been down a lot more. + +&#x200B; + +[FB 5 Minute](https://preview.redd.it/pqvxciangks61.png?width=1053&format=png&auto=webp&s=d903ae83232c68d573b9fe79a994dd3cf89bb7e3) + +&#x200B; + + + +Trading the open presents greater risk and greater reward. I have found that by waiting at least 30 minutes I can improve my trade entry. The market action tells me what type of trading day we are going to have and who has the upper hand (buyers or sellers). I can also gauge the stock’s price movement and I can identify relative strength. I hope this post helps you with your entry. Trade well. +It's happened again. This sub is continuously saying no dates and yet earnings call has been hyped. I for one am not hyped and know that given the previous hyped dates have all failed to cause a squeeze that this one is likely to be the same. It'll happen when it happens. + +&#x200B; + +Prepare yourself. Don't get hyped. +From how I see it, when you buy an options contract, you are handing money directly to a hedgie to write it. Then when it remains a loss or worthless it's entire lifetime, you essentially just gave the shorting broker your money and have no shares to show for it. Every week we see prices carefully and gracefully manipulated to make the maximum amount of contracts worthless, so is there something I'm missing? Please let me know what all this talk about Options is, and why there is suddenly SO MANY PEOPLE talking about options in comments like we're back in W$B and think Loss Pr0n is the ultimate goal in life? + +&#x200B; + +Also, I know about Criand's DD, and he specifically mentions to ONLY buy options if you know what you're doing. So suddenly this forum is full of people who have an expert level knowledge of options, are very vocal about it, and are working VERY hard to sway people to accept and participate in it. But that's very dangerous, considering the Dunning Kruger effect. I would bet that 9 out of 10 people who think they know how to trade options, don't actually. However all 10 who read this will think of themselves as that 1 out of 10 that does. And when those proud 9 out of 10 actually hand over their money to Kenny only to have their options do nothing, they won't speak of it here, as that would require admitting they were wrong. So we'll have this echo chamber of ONLY people saying that they made money. + +&#x200B; + +Edit: Thanks everyone who was able to answer my question with the same or less level of Snark that I asked with. I'm still not 100% sold on Options being something that will HELP the MOASS and its definitely NOT A NEW TREND for people on this sub to shun the talk of Options trading: it was a common belief since February that Options have more of a chance to hold the rocket back. However, if the paradigm is changing and new, peer-reviewed consensus states that the big boys playing with options is going to do more good than bad to help the rocket liftoff, I'll shut up. +Before you all banish me to r/AusFinance hear me out. I've posted this as there was a 2:1 ratio on those who wanted to see this. + +**TLDR:** Potential double digit % dividend yield for July 2020 distribution for ETF:HACK. + +=============================== + +**THE PLAY/Bet:** + +ASX: HACK (that's the ticker code for the noobs, you trade this like any other stock on ASX) + +&#x200B; + +**BACKGROUND:** + +It's a relatively new ETF (2016) purely in the global Cybersecurity sector, Which is currently all the rage with the recent cyberhacking in the news. + +Being an ETF, capital growth is quite slow and gradual, but looking at their previous dividends, and the fact since Covid, everyone has gone to Working From Home and have been requiring cyber upgrades, plus the increased media content about cybersecurity, HACK(and it's companies that it represents) will be most likely benefiting greatly from it. + +&#x200B; + +**WHY:** + +Judging by the graph Pre-Covid it was on a very strong uptrend, and is heading back. With Covid, undoubtly these Cybersecurity companies that make up the HACK ETF would have seen large increases in revenue, thus, more profits, leading to today's r/ASX_Bet: Large % Yield Dividend payout. + +Previous Dividends: + +July 2017: 14.35c per share (2.8% yield) + +July 2018: 31.67c per share (5.85% yield) + +July 2019: 69.36c per share (10.27% yeild) + +**July 2020: ?$$? EDIT: DIVIDEND Price 79c per share.** + +Today's (23/6) Open Share Price is: $8.18 per share. + +**NOTES:** + +Key Dates (based on previous years, dates may change): + +Estimated Distribution Annoucement Date: 26 or 29 June + +Ex Distribution Date: 1st July + +Record Date: 2nd July + +&#x200B; + +&#x200B; + +**WHAT DOES THIS MEAN?** + +It means you need to have purchased HACK and have it SETTLED (T+2, 2 days) by the 1st of July, or you will not get this dividend. So buying into HACK by **Friday 26 (latest)** and continue hold till the record date, you'll be fine. + +QUOTE: "You must be registered as a unitholder of a Fund as of the Record Date to be eligible to receive a distribution. To be eligible, you will need to have purchased your units prior to the Ex Distribution Date, for the transaction to have been settled and for your unit holding to have been entered on the register as of the Record Date. " + +PS: If this does not play out, at least you will be holding on a future-proof stock that will continue to give you gains, instead of another falling knife like others we have seen lately. + +====================== + +I know there's going be some haters, but I don't give a shit save your breath, this sub has barely any content, the mods were right about the current state of this sub. + +DYOR. +As the title reads - there are some pretty wild predictions for the next month (assuming some good news), surely everyone here deep in IVZ isn’t going to diamond hand it forever. + +What price are holders planning to bail on assuming it starts it’s 🚀🚀🚀 +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 +So we're all in this sub because we have discovered the wonder of investing and saw how it can create long-term wealth for ourselves and our families. However, investing is one of those odd activities where the fruit of the labor actually comes from inactivity and patience rather than constant activity. + +As a result, constantly looking at your portfolio every day or even every hour for some people will most likely lead you to make short-term price-based decisions. More often than not, decisions based on price or how the market is doing on one particular day end up costing you a lot of money. + +Here are some studies to help get some perspective on this: + +1. Fidelity Study: This study revealed that the best-performing investors were ones who were inactive, forgot their password, or were already dead. Why? Because these accounts didn't make hasty trades and simply held their investments long term. +2. Putnam Investment Study: A study by Putnam Investment revealed that remaining invested between 2005 - 2020 would've made you an annualized 9.88% return in the S&P. But if you missed just the 10 best trading days within this 15 yr period (just 10!) your annualized return would've been 4.31%. +3. Forbes Article: There is a Forbes article that lays down how too much trading has caused investors to miss out on massive returns (due to bad choices as well as capital gains tax implications). + +So what are the implications? + +It is simply better to remain invested in the market and continue to DCA over time, even during downturns. As the saying goes: "Time in the market is better than timing the market" +I love Bitcoin and I've been deeply involved in it since 2012. It is without a doubt the best STORE OF VALUE ever devised. I fully expect it to surpass gold in that regard. So there is a lot of growth left. + +That being said, everyone here needs to psychologically prepare themselves for a 75% (or possibly even more) crash. Due to the extremely strict supply limits of this money, the bubble/bust cycle will NOT magically stop. This current bubble could take us beyond 10,000, and the crash could take us below 1,000. Get that in your head now. Let it sit in your mind for a while and absorb it at an emotional level. + +In the long run we'll all be okay and very glad we were buying so early. But in these happy times, just remember: This Too Shall Pass. +A couple of edits in response to some frequent comments I've been seeing: + +* This post is about the "Money Explained" series, which has five episodes that are (kind of) about money. This is different than the cryptocurrency episode in the regular "Explained" series (season 1, Episode 15). +* The point of my post was not to say "there are no crypto scams and Netflix is lying". Nor was it to say "Netflix says all cryptocurrencies are scams". My point was that, over the course of the series, there we plenty of opportunities to mention crypto in a neutral/positive way, but they only came up in the same breath as scams. This to me seems like unfair representation, especially for a show that was supposed to explain money. + +**TLDR: Netflix portrayed crypto as pump and dumps and Ponzi schemes, without showing the legit side or even explaining what crypto is.** + +Today I watched Netflix's "Money Explained" docu-series. The Bitcoin logo was on the thumbnail so I was intrigued. Turns out that was just clever targeted advertising. + +Of the five episodes in the series, crypto was only mentioned in one, "Get Rich Quick". The episode covered various types of scams and mentioned crypto on two occasions: + +The first was as an example for a pump and dump. They introduced the concept of a pump and dump, then said something like "this happens a lot with cryptocurrencies". Then they displayed two newspaper articles with the words "Cryptocurrency" and "Bitcoin" highlighted. I thought this was laughable for two reasons: first of all, pump and dumps existed well before cryptocurrency. I remember watching Jerry Orbach talk about a pump and dump in a 1990s Law and Order episode. Secondly, if you're going to try and disgrace crypto as a giant pump and dump, why would you use Bitcoin as an example? Fools. + +Then they covered Ponzi Schemes. To be fair, the scope of Ponzi schemes that they covered was a bit broader, but they still zeroed in on Bitconnect and Onecoin to really drive the point home. The only positive thing I can say about the episode (wrt crypto) was that they included Carlos Matos' "BITCONNNNEEEECCCCTTTTTT", so that was cool I guess. I'm not denying that these are scams, I'm just saying they didn't make any effort to show the legit side of crypto. + +All told, they portrayed crypto in a very negative light, and didn't bother to explain crypto at all. They just used it as an example for various scams. In fact, for a series that was supposed to be about money, they didn't talk about actually money all that much. +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. +Not only have retail investors been liquidating other assets to jump into GME to participate in the movement, hedge funds are also liquidating their other assets in order to sustain themselves throughout this short squeeze. I fear it is only going to get worse and worse as these hedge funds continue to double down, seek market manipulation maneuvers, get cash injections from others, etc. + +I'm riding the GME train as well because fuck Wall Street but this short squeeze is likely going to burst the bubble that everyone has been fearing for. Please be careful. +Lost about $62, realistically that’s nothing, less than a subpar daily profit for me ( i’m not in US), but holy shit why am i so mad. Literally pressed a wrong button and lost money for nothing. Really needed to vent. Has that happened to you? +**This is something of extreme importance**: + +Before you set any trade, you need to at least take a look at the ticker/chart and do minimal research on why IV is that high. When you see a stock like SRPT or FOLD (just happened), and there's not much price action and they are some kind of lab, it is extremely likely that they are close from a binary event. + + +Many times these events don't even have an exact date. In most cases we just know that they are due for the month. IV for these stocks goes to the moon because the expected move depending on how good/bad the results are is massive most of the times. For SRPT the stock went down 50% after their results, in the case of FOLD right now the stock went down 20%+ + +I saw many people in the daily thread commenting that they were selling puts on FOLD without having a single clue on why IV was that high. So please, don't even touch stocks that have extremely high IV for no apparent reason. +Had a knock out week this week and felt super cocky and deviated from my strategy. Bought a call option and lost a decent chunk of my weekly gains. Forgive me theta for I have sinned. + +Knock out positions were FB short puts SPOT short calls. Made over a grand. + +Low iq position: TSLA call in an attempt to scalp -800 in a few minutes. + +Weekend ruined. +If you wanna read this post with graphs, here is substack link : [https://open.substack.com/pub/lunchinvesting/p/british-american-tobacco-bti-and?r=1pyvga&utm\_campaign=post&utm\_medium=web](https://open.substack.com/pub/lunchinvesting/p/british-american-tobacco-bti-and?r=1pyvga&utm_campaign=post&utm_medium=web) + +And here is the video format : [https://youtu.be/KQBItwvXB-A](https://youtu.be/KQBItwvXB-A) + + British American Tobacco is a British tobacco firm founded in 1902 that provides tobacco and nicotine products to consumers worldwide. It offers vapour, tobacco heating, and modern oral nicotine products; combustible products; and traditional oral products. + + For the entire year 2022, the firm anticipates growth in the 2-4% area, and it hopes to lower its adjusted net debt / adjusted net EBITDA to a range of 2-3x. Additionally, the long-term payout ratio is predicted to be in the area of 65%, which is favorable for a cigarette company with limited growth paths in my opinion. + + The company in the past 5 years grew 2.73% per annum and the analysts are expecting that growth to jump to 11.8% in the next 5 years but keep in mind that I took this data from Yahoo Finance and it shows only 2 analysts covering the company in October.  + + The company’s growth path is going through its new product categories. Their revenue from new categories vs 2021 on constant currency is up 45% but it still makes up just under 10% of their total revenue.  + +Looking at the valuations, BTI’s forward P/E is just 8.34 and the company offers almost an 8% dividend yield. + +It is clear why the valuations are so low, $BTI is a sin stock. Governments can impose higher taxes on tobacco products, outlaw or restrict their sale, and do a variety of other things to reduce BTI's sales. But on the other side BTI can pay huge dividends while you wait for the stock to be revalued. + + In fact, according to projections for the following year, BTI's payout ratio is only 61.89% and since 2018, there has been a decline in their debt (from 58.82B$ to 49.04B$). Therefore, I'd conclude that the management is doing a good job of giving the shareholders their part of the company's cash flow. + +Even while BTI's total cigarette sales, which incidentally include Ukraine and Russia, decreased by 4%, their new categories (like vapour) are up 45%, and their overall revenue at constant rates is up 3.7%. + +The number of shares outstanding for BTI was 2,153B in 2009; it fell to 1,863 in 2015; it is currently back up to 2,297. So the company reversed it’s buybacks made between 2009-2015. + +And now let’s look at Philip Morris.. + + Philip Morris  operates as a tobacco company just like British American Tobacco. The company's product portfolio primarily consists of cigarettes and smoke-free products, including heat-not-burn, vapor, and oral nicotine products that are sold in markets outside the United States.  It sells its products under the Marlboro, Parliament, Bond Street, Chesterfield, L&M, Lark, and Philip Morris brands. Philip Morris International was incorporated in 1987 and unlike BTI which is a British company, Philip Morris is american. + +Their Marlboro brand has the biggest share in the tobacco market with almost twice the size of 2nd place. + + $PM has growing volumes, market share and net revenues in combustibles which as you remember the real growth is coming from the new categories but Philip Morris still managing to grow in combustibles is impressive.  + + And looking at their results in the first half of 2022 their earnings per share is up almost 10%. + +Looking at the analysts expectations, with 18 analysts covering it unlike BTI’s 2, the expected growth in the next 5 years is 2.88% per annum in Yahoo Finance.  + + The company offers close to 6% in annual dividends which lags BTI’s number that is close to 8%.  + +In the last 5 years the company paid 36B$ in dividends. Their market cap is currently 135B so they paid little more than a quarter of their market cap in dividends in the last 5 years. + +Their dividends went from 1.84$ in 2008 to 5$ in 2021. + + Their total returns are 256% since 2008 whereas S&P 500 is up 300% but in the first half of 2022 Philip Morris is down only 1.2% whereas S&P 500 is down 16.7%. + +Looking at their dividend growth, their revenue grew 171% since 2008 and that’s better than the companies like PepsiCo, Johnson and Johnson, Colgate-Palmolive, Procter & Gamble, Coca-Cola, Nestle etc. also looking at their balance sheet I think that's where Philip Morris really shine. + +Net Debt to Adj. EBITDA is under 2 (It's enough to be under 3 for me). I’d say Philip Morris is shareholder friendly with financial downside being extremely protected.  + + Looking at their forward PE ratio it stands at 14 and as you remember BTI’s forward PE is at 8 but looking at the *price to net income available to common shareholders (you and me)* PM is at 15.94 and BTI is at 16.52 so PM is actually cheaper in my opinion.  + +Their Heated Tobacco Units category grew 20% YoY and they managed to grow their Cigarette sales by 2.8% (or 2% In Market Sales) YoY. + +Their Heat not Burn category growth in the European Union went from 5.4B units in Q12021 to 8.0B in Q22022. It shows that they have a growth path in developed parts of the world as well in my opinion. + +And Their heat not burn user base starting from 2021 to 1st half 2022 period grew by 26%. + +[https://imgur.com/a/ph3ucrh](https://imgur.com/a/ph3ucrh) + +This graph shows where Philip Morris’s revenue comes from , I would say it is nicely distributed with European Union and Middle East & Africa regions leading the way. + +&#x200B; + +Finally we have Philip Morris’s Return On Capital Employed numbers (2012 : 67.5% , 2013 : 66.2% , 2014 : 59.4% , 2015 : 55.3% , 2016 : 55.5% , 2017 : 48.5% , 2018 : 45.7% , 2019 : 47.4% , 2020 : 47.6% , 2021 : 55.4%) and again that’s where they shine, in the last decade their ROCE never went under 40% and it almost reached 70% in 2012, and in the last year that number was 55.4% which is truly incredible. Whereas British American Tobacco’s ROCE never went over 35% in the last decade and in the last 5 years their ROCE is around 9%. + + Now that incredible return on capital employed might be one of the biggest reason why Philip Morris is the second largest holding behind Microsoft in Terry Smith’s portfolio with 6.94% allocation. + +Finally, Philip Morris holds a market share of 27.3% outside of China, with British American Tobacco coming in second biggest market share. I think it’s easy to say that Philip Morris has a huge moat. + +Over 80% of the world's 1.3 billion tobacco users live in low to middle income countries. 22.3% of the world’s population used tobacco products in 2020 which in my opinion is very important (But keep in mind smoking is very bad for you and those around you and I definitely suggest you stop smoking if you do) + +The percentage of smokers decreases as income increases according to data from the United States. + +Another USA statistics is that people tend to smoke less as their education level rises. + +Please take this data with a grain of salt as I got it from a Philip Morris report, however according to them smoke free products has lower cardiovascular disease risk than continuing to smoke. + +Before finishing I wanna say I have small positions in both companies with more than two thirds of it in Philip Morris however Buffett and Munger said they’d never own tobacco stocks but on other side Peter Lynch in his One Up On Wall Street book constantly talks highly of Philip Morris and it’s Terry Smith’s 2nd biggest position. + +As we previously witnessed in the EU segment, the new categories draw consumers in high income nations and are the source of growth for cigarette firms. I believe that low and middle income countries will continue to be a significant source of revenue for both businesses. + +Hi everyone, + +I've currently seen some REITs that have been hit by the pandemic but look good enough to be able to get through it, at first glance. I haven't approached REITs before but I like the compounding effect dividends gives the owners and there may be value to be found here. + +As I haven't done DD on REITs before I'm curious to know what Red / yellow flags and things I should pay extra attention to in the DD, please share your thoughts! +Hello, as an european investor I have a hard time following all the political turns in this matter. From what I get one side of US politicians (no names named) want to withhold passing the CHIPS act for their own benefit despite the fact that it might hurt US in the long run. + +Recent [news](https://www.reuters.com/technology/us-senate-eyes-vote-soon-tuesday-china-chip-competition-bill-source-2022-07-14/) claim that the vote may be cast as soon as next week on this matter and INTC, AMD, APPL, NVDA gained some ground on this. + +What is the general concensus among US investors on this? Will it pass? Or get ”delayed”? +Hallo all. + +To distract you from all the frenzies about Tesla, I propose you to take a look at one of my 2021 own pick for a long-term position. I am talking about **Deutsche Post** ([ETR: DPW](https://www.google.com/finance/quote/DPW:ETR)), the former national post company of Germany (German government still owns ca. 20%). Most of you will be familiar with their courier express service, DHL. + +DPW is a service provider in the space of post courier, express courier, e-commerce, freight, and supply chain. Their biggest competitors are obviously UPS and FedEx. Its competitive advantage lies on the fact that DPW is by far the largest actor in Europe in the sector and has been building a dominant position in emerging markets such as Africa and Asia. After a period of M&A to acquire market position in key markets such as the UK and China, the company is now committed to invest future earnings in organically expanding its presence in key markets. + +In the past five years, all key indicators have been growing steadily: revenue, earnings, revenue margins, and free cash-flow. Current P/E is at 14,46 and EPS at 3,94, with stock price at ca. € 55. + +In Q3 DPW has seen a surge of its earnings, beating market expectations: + +"*Profit from operating activities rose 28.6% to 1.77 billion euros, representing a 0.3-point improvement in its margin to 8.8%, on revenue growth of 23.5% to just over 20 billion euros.* + +*For FY 2021, Deutsche Post-DHL said it now expects consolidated operating profit of over 7.7 billion euros, up from an estimate of more than seven billion euros announced three months ago*." (source: [cerclefinance.com](https://cerclefinance.com)). + +To summarise: DPW is in a dominant position to profit from Europe still expanding e-commerce market, while tapping in increased B2B operations linked with supply-chain and trade, particularly for Europe-Africa and Europe-Asia commercial activities. It is not a stock that will skyrocket, but it has all the features to witness continuous steady growth in the next 5 years and I think the market is currently underpricing it. + +Disclaimer: I opened a position in DPW in Q2 this year and intend to grow it in future quarters. Do your own research, this is not a financial advice, just my personal opinion. +Out of curiosity, I wonder how many of us here work in valuations at a big 4 or at a fund. It seems to be one of those jobs that makes sense for people interested in value investing. + +It’s not everything obviously of value investing but still. + +If you don’t where do you work? +Hi, +When you analyze a company, paying dividends, - is it pros or cons for your decision? +Why am I asking? Why does a company pay dividends? Isn't it better to take the money and make higher profit that in turn allows the stock of the company to cost higher that is quite good for the shareholders? +What is your opinion? +Thank you. +Hi everyone! I wrote some DD on Atkore Inc. together with u/captnamurica2 + +**Intro** + +* Atkore is a leading manufacturer of electrical products and safety products. Their product lines include electrical power systems, conduit, cable, installation accessories, metal framing, mechanical pipe, and perimeter security. +* Atkore holds leading positions within the market. Most of their products are number 1 or 2 in their specific business. +* Atkore supports its long-term growth by aggressively acquiring businesses, which helps with further product diversification. +* Atkore has a strong economic moat +* Continued investment in electrification of infrastructure and an increase in renewable energy infrastructure will benefit ATKR significantly. + +**The Numbers** + +* ATKR has a decent revenue 3-year annual growth rate of 15.2%. +* ATKR has an impressive ROIC of 95%, indicating that each $100 invested in the business results in an additional $95 of operating income. +* ATKR has an impressive gross margin of 41%, indicating that it has strong pricing power. +* ATKR has a solid FCF of 12.89%, which indicates that the company could buy itself back in about 8 years. +* Forward PE: At the current valuation ATKR has a forward PE of 4.19. + +**Split up into two segments:** + +In 2021 they split their company into two segments to focus on growing the value of each segment individually and have kept with that model since. + + +* **Electrical Segment:** Metal electrical conduit and fittings, plastic pipe and conduit, electrical cable and flexible conduit, and international cable management systems, which are critical components of the electrical infrastructure for new construction and maintenance, MR&R markets + * **Competitors in this segment**: ABB Ltd., Eaton Corporation plc, nVent Electric plc, Hubbell Incorporated, Zekelman Industries, Inc., Nucor Corporation, Southwire Company, LLC, and Encore Wire Corporation plc +* **Safety and Infrastructure Segment:** Mechanical pipe, metal framing and fittings, and perimeter security. Their metal framing products are used in the installation of electrical systems and various support structures, and their mechanical tube products can commonly be found in solar applications + * **Competitors in this segment:** Zekelman Industries Inc., Eaton Corporation plc, ABB Ltd. and Haydon Corporation + +**Foreign Exchange Risk and Customer Diversification** + +Due to the massive changes in foreign exchange rates over the past couple of years, we figured it would be on your mind how vulnerable this stock is to changes in these rates. Currently, this is more important than ever in a time when Morgan Stanley estimates at least 10% earnings decline in the S&P 500 due to exchange rate issues. + +Furthermore, Atkore had an average of 89% customer concentration in the United States in the 2019-2021, which indicates that there isn’t much foreign exchange risk. Unfortunately, there is still some risk involved. Especially due to the dollars havoc on the global economy. Almost every single foreign buyer that Atkore deals with has currency that has sunk against the dollar. In addition, on the foreign exchange front, all suppliers are in North America, as well as most manufacturing is done in the US. Taking all of this in consideration, there is more than likely no foreign exchange advantage to this business, and possibly minor impact due to a small part of sales being dealt in other currencies. + +**Strategies and Economic Headwinds** + +According to their 2021 annual report (2022 ends this quarter so expect another annual report soon), they live and die by nonresidential construction. This also means that they live and die basically by United States GDP. + +Now we might not be geniuses but, those 2 things sound like they are literally right around the corner so it sounds like Atkore might be up the creek without a paddle. The good news for us is, and let’s take a second look at that segments list again and we see that we are looking at a company who specializes in infrastructure, more specific, electric infrastructure. Now this sounds like something very similar to the “Inflation Reduction Act”, which has specific plans for electric infrastructure (how else are we supposed to support all those EVs that we can’t support). This is where we get some lucky news! + +Check out these comments from CEO Bill Waltz on the Q3 conference call: + +"Yeah, it's definitely a great question, Victor. The infrastructure bill is going to absolutely help. I forgot the exact number, but I want to say there's $50 million, $60 billion of the $ 1.2-year marking exactly to putting fiber optical lines in across the country. + + +So as mentioned earlier, we've had outside consultants look at it and estimate the current capacity of the industry and how much should be needed over the next five to seven years to meet demand just of the infrastructure bill itself and it is very promising" + +Now, this isn’t the clearest transcript of all time, but it sounds like our market leader in electric infrastructure and specifically fiber optic lines will have a great chance to capitalize on this “free money”. Furthermore, there is plenty of renewable energy infrastructure planning, which will lead to more spending in areas that they can capitalize on. In addition, this might stabilize some of the volume reduction and margin compression that should be expected leading into the future. The company stated in its Q3 report that they expect EBITDA to decline from $1200-$1300 for 2022 to $800-$900 for 2023. Clearly, management expects higher than that. + +**Valuation** + +Atkore originally popped up on our radar around the end of September (when it was in its early $70 range) and we just didn’t take the time to look into it until now, almost a month later, and boy was it a costly month. Meanwhile, the stock has ballooned close to 25%. As a market leader and decent margin candidate, we believe that it’s a pretty safe assumption (especially with the current management's ability to allocate capital) to give a longer-than-usual time horizon with a decent amount of growth. We also took a look at the normalized earnings to accommodate for an expected margin crunch. This would give them a 2023 EBIT of around $450 million (this is a safe estimate). By normalizing their earnings and giving them a slightly above-average growth rate. This can be justified due to a further increase in expected demand over the decade. + +In addition, the company has a great management team. We believe a multiple around 12-15 is reasonable. Furthermore, their stock buybacks for the rest of the year will likely reduce the share amount to 41.5 million shares. This gives an approximate intrinsic value of around $120-$131/s. We believe this to be a relatively conservative estimate but at the current share price it isn’t a 100-bagger by any means we believe this to be a fairly decent investment deserving of a much higher-than-normal multiple. + +**Capital Allocation and Management** + +Atkore’s management has performed impeccably over the last 3 years. This is shown in their income statement over the last 3 years as well as a booming balance sheet due to a restructuring of loans in 2021 due to low interest rates and beautiful M&A allocation that is already paying for itself. + +ROIC for 2021 and 2020 respectively was 95% and 46% (no small feat). In addition, a 10% increase in EBITDA from IPO (which was in 2016) until covid. Safe to say that this management and Bill Waltz know exactly what they’re doing, and we haven’t even gotten to the best news yet. There has been $500 million worth of share buybacks and we expect this to continue in the future. Furthermore, they plan to do over $1 billion in acquisitions ($250 million thus far) and share buybacks (over 25% of their current market cap!). In our opinion, this sounds like a very exciting opportunity for a company that currently has a market cap of $3.76B. + + + +“Mr. Waltz has served as the President and Chief Executive Officer of Atkore since 2018. Prior to that, he served in several other Company executive roles, including Chief Operating Officer and Group President of its electrical business. From 2009 until joining Atkore in 2013, Mr. Waltz was Chairman and Chief Executive Officer at Strategic Materials, Inc., North America’s largest glass recycling company. + +Mr. Johnson joined Atkore in August 2018 with more than 29 years’ of experience in strategic and financial planning, risk assessment, mergers & acquisitions, global tax strategies, international operations, and internal controls. Most recently, Mr. Johnson was Vice President-Finance & Operations for the Electrical Sector business at Eaton Corporation, where he was responsible for sector financial planning, analysis, and reporting; compliance, credit & collections, government accounting as well as global purchasing, manufacturing strategies, logistics and distribution.” + +**Insider Purchases** + +Unfortunately, there haven’t been any insider purchases recently. We would like to see some insider action as this would further strengthen our thesis. As we know, insiders can sell for many reasons, but they only buy stock for one reason. + +**The Charts** + +ATKR currently has a YTD bottom of around $70.52. This is an important support to watch. If the market continues to deteriorate, we could see the price drop below this level. This would mean more downside is possible. + +We can see the stock is falling together with the market as it is currently down close to 30% since its ATH in June of this year, which is similar to the SPX. Currently, we are fighting the $89 resistance, which is getting rejected. Ideally, we would like to see the stock stay above the crucial $70.52 support. We believe the stock provides a very enticing opportunity around that $70 support level. + + + +Now let’s have a look at the long-term chart. We can clearly see the stock is having a rough time. The stock has fallen close to 30% since its all-time high, as we mentioned above. As the company only IPO’d in 2016, we don’t have that much technical data yet. + +Atkore does have a strong business as we discussed in this article. Atkore is well-positioned in an industry, which will continue to grow in the future. Furthermore, the share buybacks will provide a cushion for the stock price in the next year. Although, the company will certainly struggle due to current macroeconomic headwinds, we believe this company is one to keep an eye on for the long term. We would like the stock to break above the current $89 resistance level, which has proven to be a tough nut to crack. If we break above, the $99 level seems likely. + +**Conclusion** + +We believe Atkore Inc. is a must-watch if it declines further as we believe this company is well-positioned to gain tremendously from further investments in infrastructure and green energy in the upcoming years. + +We believe the share buybacks and further acquisitions will provide the stock price with a nice safety cushion. In addition, if management is able to continue their performance of the past, we believe ATKR is a rather safe investment with a lot of growth ahead. + +We got some pictures and charts in the article, which are a nice addition to this DD. If there is any interest you can find it by clicking [HERE](https://open.substack.com/pub/stockinfo/p/atkore-inc-atkr-an-attractive-prospect?r=19pqks&utm_campaign=post&utm_medium=web). + + +I would love to hear some opinions on this DD. +Mine is stock screener, observing brands involving my everyday lifestyle (or others') and reading articles and news. I want to find a new way of generating new stock ideas. Any recommendation? +Hey everyone, + +I work as an analyst and had to share this with you all. The Texas Pacific Land Corporation (TPL). I wrote a two part analysis for your consumption. + +Part 1: [https://researchforvalue.substack.com/p/the-permian-basin-in-a-new-corporation](https://researchforvalue.substack.com/p/the-permian-basin-in-a-new-corporation) + +Part 2: [https://researchforvalue.substack.com/p/the-permian-basin-in-a-new-corporation-212](https://researchforvalue.substack.com/p/the-permian-basin-in-a-new-corporation-212) + +&#x200B; + +Part 2 has the actual valuation metrics, while part 1 is a historical overview of TPL. + +&#x200B; + +Share your thoughts! +*What is the issue with "non-covered" shares?* + +I'd like to highlight this post from six months ago, in which /u/tiides explains very thoroughly the issue with non-covered shares, how to check your shares in CS, and the resistance he was met with when requesting his cost basis from his broker. Would highly recommend reading this: + +[https://www.reddit.com/r/Superstonk/comments/tg188i/are\_you\_missing\_cost\_basis\_in\_computershare\_you/](https://www.reddit.com/r/Superstonk/comments/tg188i/are_you_missing_cost_basis_in_computershare_you/) ) + +In case you don't feel like clicking that link just yet, here's a summary from the post: ***"If you purchased your GME shares any time after 1/1/2011 (nearly everyone here) and then DRS'd, those are Covered shares by fundamental definition. If your shares in CS are listed as Noncovered, and you purchased them any time after 2011, that means that your broker chose not to submit cost basis information at the same time as when they initiated the DRS transfer. They know the laws, but they know that the penalties don’t hold water, and so it seems many brokers are making this decision to not follow the law in a timely manner. Fight for your rights, hold them accountable, and put an end to this bullshit."*** + +&#x200B; + +*How common is this issue?* + +If you search "non-covered" in this subreddit, you will see that many people have been asking about non-covered shares, what they mean, and how to fix it: + +[https://www.reddit.com/r/Superstonk/search/?q=non-covered&restrict\_sr=1&sr\_nsfw=](https://www.reddit.com/r/Superstonk/search/?q=non-covered&restrict_sr=1&sr_nsfw=) + +In the pinned Computershare Megathread, you can see many people commenting about the issue, but there is nothing specifically in the post itself about it (unless I missed it). We should aim to fix this and get the right information in that post. + +[https://www.reddit.com/r/Superstonk/comments/x3byy4/drscomputershare\_megathread\_092022/](https://www.reddit.com/r/Superstonk/comments/x3byy4/drscomputershare_megathread_092022/) + +\-------- + +EDIT 1: Someone found THIS post as well from 10 months ago, very detailed about their process trying to get their cost basis: + +[https://www.reddit.com/r/Superstonk/comments/qc8f46/the\_black\_box\_brokerage\_held\_shares\_missing\_data/?utm\_medium=android\_app&utm\_source=share](https://www.reddit.com/r/Superstonk/comments/qc8f46/the_black_box_brokerage_held_shares_missing_data/?utm_medium=android_app&utm_source=share) + +I'm on this sub every day, all day - and somehow missed that post!! + +EDIT 2: Ugh - I just edited this post to add that link above because I figured it was good to see, and half the text of this post got deleted. I don't have a saved copy of my text so this sucks... + +Does anyone magically have a copy of what I had typed? + +Generally, it said that brokers are choosing to resist sending cost basis information to Computershare, when it is their legal obligation to do so. Think about why they would risk that, and how asking for your cost basis may force them to do it, and what kind of effect that might have. It would force their bookkeeping to be that much more accurate. + +**EDIT 3: MAGIC IS REAL. Someone was able to get the original text back!! See below for continuation of original post.** + +\----------- + +I also made a previous post recently to try to understand how widespread this issue is, and even though it got little traction, there were still many apes with non-covered shares (Some due to being a non-us ape, and IBKR claiming they do not have to adhere to US regulations. If anyone has more information on this, please share in the comments): + +\[[https://www.reddit.com/r/Superstonk/comments/x3fr3u/do\\\_you\\\_have\\\_noncovered\\\_shares\\\_in\\\_computershare/](https://www.reddit.com/r/Superstonk/comments/x3fr3u/do\_you\_have\_noncovered\_shares\_in\_computershare/)\] + +**All of this leads me to believe it is common enough that we should be paying more attention to it.** + +&#x200B; + +*Why does having my broker send my cost basis to Computershare matter?* + +An important part of /u/tiides post above notes: "Brokers are legally obligated to use the DTCC CBRS (Cost Basis Reporting Service - [https://www.dtcc.com/clearing-services/equities-clearing-services/cbrs](https://www.dtcc.com/clearing-services/equities-clearing-services/cbrs) ) when performing DRS transfers." + +**By not sending your cost basis, brokers are not following the law.** Having your cost basis sent from your broker to Computershare **forces the brokers to actually comply with the law.** It's also helpful to keep your taxes straight. + +**There is a lot of resistance given by brokers when trying to get a cost basis sent over**, which some here may have encountered (myself included). Why are brokers resisting sending over your cost basis? Beats me, but let's find out more about it together. As we all know, **when something is met with resistance, it's a path worth investigating.** + +&#x200B; + +*What can we do about it?* + +Some initial ideas: + +* Mods could do a poll so we can see the extent of this issue - that is, brokers avoiding the cost basis laws (seems like we aren't able to post polls ourselves). +* /u/jonpro03 may be able to add a feature for users to report non-covered shares to the DRS bot +* Include more information regarding cost basis in the Computershare Megathread post +* keep posting your experiences and having discussions so that those with non-covered shares are educated and can put more pressure on brokers to comply +* Please comment with any other ideas you have, and if you made it this far, thank you for reading! + +**TLDR: If you are interested in seeing how prevalent "non-covered" CS shares are (which means brokers are not sending over cost basis information to Computershare, and therefore breaking US laws), comment on ways we can shine attention on this and learn more.** + +&#x200B; +57% in 1 year is insane. The median home price in Jan 2021 was 332k and in Jan 2022 it was 520k (source is from Zillow's data center). + + +It's not as if STR weren't profitable years ago, and I know demand jumped in 2021 for STR but so did supply so it's not like its a much better investment than 2 - 3 years ago. What do you all think about people taking out seconds loans to get AirBnB's in all these mountain towns? To me it's a little concerning. Maybe the outcome is that supply of STR increases and it becomes a less attractive investment over time. +Hey guys, I may be new to Reddit but I’ve been a professional reader/browser for years! 😆 So the time has come for me to ask for advice. I currently own a few multi-families with some owned outright, others with low balances and most just purchased with 20% down. Overall it’s a decent portfolio, one county and best of all generates great passive income. No complaints. Now I’m presented with an opportunity to go in with a partner (good trusted friend) on a new construction multi-complex unit. Long story short, the talk is I’ll double my net, but I would need to cash out on my current real estate. Reason being, I don’t believe in putting all my eggs in one basket and so I don’t want to pull out from my other investments that are generating anywhere from 8-30%. Appreciate the help ahead of time! + +EDIT: My multi-families would net about $1 mil when sold which is what I need to go in with. Currently netting about $120k/yr in passive income from them. + +Proposed complex is a 60-unit new construction that will cost about $4.5 mil to build. We are expecting $1,200/pop. Everything considered, this would net each one of us $250k/yr. + +One big plus is he has the commercial lot and isn’t charging me anything for it. +Zillow CEO Spencer Rascoff, in a Tweet, announced that Zillow will now start flipping houses. This is not a joke. Do you flip houses? Do you buy, rehabilitate and sell properties? If so, Zillow is now your competitor. Does that upset you? If so, here's how you can fight... + +Demand that real estate agents and, especially, brokerages you hire do not syndicate your properties to third-party sites like Trulia and Zillow. Trulia, if you're not aware, is now owned by Zillow. Do you work with an agent who uses dotloop? dotloop is also now owned by Zillow so refuse to sign any paperwork using dotloop. Tell your agents and brokers that you will refuse to list your properties with them if they continue to syndicate your properties to Trulia and Zillow. Brokers have the ability to stop syndicating their listings to Trulia and Zillow and other third-party sites with a simple click of a mouse. + +My brokerage, Hub Edge Realty, has never syndicated its listings to any third-party sites except Realtor.com, because Hub Edge Realty's MLS, MLS PIN, has a pre-existing agreement with Realtor.com, and MLS PIN Homes, because it's MLS PIN's own search site and is not bedraggled with competitors' advertisements. Third-party sites play fast and loose with your data. I want to control the narrative that is your property and I can't do that when the Zillow Zestimate is used by buyers to negotiate. + +Did you know that Redfin has also entered the house flipping business through RedfinNow. Redfin is now your competitor. Do not use Redfin to buy or sell real estate. Simple. + +This is serious business... Redfin and Zillow are now your competitors. They are buying houses that you could've bought... +I own a 4 unit apartment building, the top floor unit has been flushing towels, plastic, etc down the toilet, which has now resulted in a clog. Their only shower and toilet are now inoperable. + +I attempted to remedy the solution myself, but quickly found it to be much worse than I thought. The clog is specific to that unit, as none of the other units are having issues. + +I hired a plumber to come to fix the situation, but the tenants were incredibly rude to the plumbers, so they will not be coming back, every other plumber is our area (Bemidji, MN) is booked out several days to weeks, but I am not sure I want to hire them regardless as the first plumbers are very upset with me. + +The tenants were incredibly rude/aggressive to me, then stopped communicating with me. I then gave them notice via text and physical posting that they have 30 days to move (month to month lease). Also no response at this point. + + +My question is, do I need to make further efforts to unclog their drain as the apartment is now essentially uninhabitable, or am I okay if they are not communicating with me and are preventing the repairs. +I put $99K down on my current primary a couple years ago. If I sell today I can sell for a $50K gain. If I rent I can cash flow $600. What would you do? +In the beginning of the pandemic I had to move back in with my family as I could no longer afford rent. I called to cancel my Anytime Fitness membership and they seemed pretty nice about it - I had to move quite a ways away and the closest Anytime Fitness location was 50 miles away. They said if I could email them proof of address change then there would be no cancellation fee since I was out of range of their facilities. + +Fast forward to now, there are hundreds of dollars in charges over the last few months. I called and they said that because of the pandemic, their charge centers were unable to process cancellations and that’s why it never went through. I have a record of me sending them the email, so I could prove the date I cancelled it. But now they are saying they won’t refund me the full amount, that they will keep another month of fees in addition to cancellation fees, which I was previously told didn’t apply due to my location. I’m kicking myself for not getting it in writing, I will definitely not be making that mistake again. + +Any help is much appreciated, as times are hard. My bank suggested I dispute the charge but I’m terrified of being sent to collections. I also had to get a replacement credit card for other reasons, so if they try and charge any more fees they won’t be able to. +I am a loyal Stake user and have been for some time but noticed SW has now launched their much awaited US trading platform. + +Basic fees are as follows: + +* US$9.50 per trade flat fee (note USD not AUD, roughly about A$13 per trade) +* FX spread is 60 points (0.6%) off the rate quoted at the start of each day + +Compared to Stake: + +* Free brokerage on Stake +* FX spread however is much higher. Spread is 70US cents per A$100 which turns out to be approx. 93 AUD cents i.e. 0.93% spread. I am slightly confused by all of this because even the Stake website quotes an FX spread of 70bps. But that does make sense since they are different currencies. It would be poor form if they got this wrong on the website...or even poorer if they are intentionally doing this. Anyway... + +Based on the above, it would appear if you are a frequent trader then the zero commission on Stake makes sense. However, if you are a buy and hold investor, perhaps paying the flat fee with Selfwealth works out better given the substantial difference in FX spread which can add up. + +However, I did some squishy maths and made some graphs which shows that the lower FX spread charged by SW is quickly eroded by the brokerage costs. I used a $5,000 balance and $25,000 balance as an example which suggests: + +[https://i.imgur.com/cIvHxW0.png](https://i.imgur.com/cIvHxW0.png) + +\- At $5,000, the FX savings with Selfwealth do not make sense if you intend to invest this with 2 trades or more. + +\- At $25,000, the FX savings with Selfwealth are larger and you could make 6 trades before the brokerage starts to add up. + +The only thing I would add here which I have not taken into account is if you decide to sell, you will be hit with the FX spread on the conversion back to AUD, in which case, there will be additional savings with Selfwealth. + +You can also lower the FX spread costs of Stake by using Transferwise to make a USD to USD transfer, bypassing the Stake FX spread (but copping a flat US$5 fee). If you convert A$5,000 this way, the spread works out to be about 0.60% by the time the money hits your Stake account. + +Signing up is very frictionless with Selfwealth including the W8BEN form. + +I have also not compared the respective custodians, Drivewealth for Stake and Phillip Securities Pte Ltd. Stake amounts are insured under SIPC. I am not sure what is the case for SW. Stake also offers fractional trading. Not sure if SW can do fractional trades. + +Can anyone from SW confirm? + +TLDR: Stake is more competitive unless you are going to be investing larger amounts infrequently. +According to SQM. Outer suburban and regional rental vacancy rates, generally 2-4% last year, are falling hard right now. Inner Sydney regions are rising sharply. + +https://sqmresearch.com.au/graph_vacancy.php?sfx=&region=nsw%3A%3ACentral+Coast&t=1 + +Outer suburban South Western Sydney, Sutherland Shire and Northern Beaches(?!) are at or below 1%. Hills district and Western Sydney less affected. + +Coastal satellite cities like Blue Mountains, Wollongong, Central Coast and Hunter all less than 1%. North Coast and South Coast at 1-1.2%. + +Not just coastal but country as well, Broken Hill-Dubbo and Central Tablelands both near or below 1%, down from 2.4% last year. Riverina and Murray regions at 0.8%. + +At the same time Eastern Suburbs, Inner West and Lower North Shore all now above 4%. Sydney CBD at 12%! +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! +Alright, so, I'm 17, finishing High School in a few months, not going to college. I'm planning of taking advantage of my age and I'm gonna invest in ETF's for the long term. With this being said, I just want to point out that I'm not a naive kid that thinks that forex is learned in a couple of weeks. I know to steer clear of everyone who shows their cars, trips, houses, etc; I see this as a way to achieve financial freedom, since I don't believe a 9 to 5 will do that for me. +Now, I'll be learning through babypips, but, if that's all it took to become a profitable trader, there'd be a whole lot more traders around. Keeping that in mind, where do I got after babypips? YouTube? And if so, who? Do I try to find a trustworthy mentor? And again, if so, who? +I'd also like to ask a few things while I'm at it. First of all, do you even recommend a 17 year old to start learning about the market? How profitable can one become? How many trades a day should you do to have a comfortable profit? 1? 2? 7? +I'm sure you get these types of questions all the time, and I'm sorry for asking them again, but I just feel like I gotta be very cautious about entering a market I know nothing about all by myself. Also, ignore any typos I may have written, English isn't my first language. Thank you for reading, and for answering. +I first started learning to trade July 2021, I first deposited like 8k, was actually making money slowly with consistent wins without even knowing about risk management, or psychology, just basic technical analysis. Well of course I blew that account to smithereens and was left with 2k which I withdrew. + +I've also spent like 6k on a shitload of failed 50k and 100k challenges over the course of a year. Pretty much giving ftmo free money every month. + +It hurts alot, has anyone gone through this, how do you forgive yourself (I feel like a fucking dumb piece of shit) and try to get back to trying to trade with a clear head without feeling super angry and vengeful at everything +https://twitter.com/yuantalks/status/1010815038435704833?s=21 + +https://twitter.com/yuantalks/status/1010831592447590400?s=21 + +Looks like the PBOC is trying to juice up the economy over there given the recent turmoil. View this as you want but central banks don’t do this when things are going well. + +In this case, the PBOC is recommending that the freed up capital be used to shore up debt for SMB or micro sized companies. +Hey guys, + +I hope you are doing fine. I want to share with you the dashboard I have created during these last weeks and present you all the functionalities that you could use to enhance your trading strategies. + +# - Trending Stocks Pages + +In the pages *Trending Stocks* Reddit, Twitter, Google Trends you have a list of the stocks that have been disccused the most in each of the social network. For Reddit, you'll be also able to select a specific thread and time granularity to check the stocks that have been discussed the most in these specific subreddit. You will be able to see the Current Trending Score and Previous one, to see if a recent hype is building up around a stock. Same for Twitter & Google + +# - Top Movers + +This page allow you to check the stocks that had the biggest jump in the trending lists specified above. The objective is to help you catch the trending stocks before they become too mainstream and spot them as soon they have an increasing weight in the discussions. + +# - Reddit Trending Index + +This index has been built to show you what kind of performance would you except yourself to have if you had to blindly buy the 10 most discussed stocks in Reddit. In Less than a month the performance is already **+ 122% .** + +You can check out all that at [https://unbiastock.com](https://unbiastock.com/) + +Your comments and improvement ideas are more than welcome +**A) First thing:** + +1. Review markets and news for stocks with good overall trending direction and potential +2. Pick some stocks to trade for the day. Focus on those stocks and avoid jumping like a ninja to anything else + +**B) Next, prepare your strategy:** + +1. Draw the support lines in weekly, daily, and hourly charts +2. Place alerts just before the support lines (maybe 1 or 2% before) so you are notified when the stock is approaching your support. +3. Confirm your risk-reward ratio (example 3:1 = willing to lose $1 in order to make $3). +4. Now that your support lines are confirmed, draw your maximum loss and gain lines based on your risk-reward. + +**C) Finally, as the stock is coming closer to your support line (you know this because your ALERT notified you)** + +1. Is the MACD crossing and RSI below 30? +2. Are the SMA indicators crossing? +3. Is volume starting to spike confirming a possible reversal? +4. Wait for confirmation on the 5min chart +5. Once these are all confirmed, place the trade and immediately place your stop loss (you already have your stop loss line drawn so you know where to place it) + +**D) Journal about your trades.** + +* What worked, what didn't, your indicators, entry/exit prices, what you can do better next time. +I frequent reddit as a lurker more than a poster. I had forgotten about a post I made in regard to my financial situation upon graduating from PA school 7 years ago. [https://www.reddit.com/r/financialindependence/comments/227cwa/please\_critique\_my\_plan\_for\_after\_graduation/](https://www.reddit.com/r/financialindependence/comments/227cwa/please_critique_my_plan_for_after_graduation/) + +Reading it was weird, as I actually put in to play the things I said I wanted to do and I have completely changed my approach to money, versus how I was prior to graduation. Long story short, I was graduating with roughly $150k in student loan debt and if I remember correctly close to $20k on a used luxury car. + +The short version is... I have successfully brought my personal net worth from -$170k to now $500k in 7 years, roughly a $670k net gain. My income began at near $100k and never exceeded $135k. I live in a medium COL area. I used basic principles and no fancy investing. + +\-I was able to secure three jobs out of school and for the first two years sometimes worked every single day of the month, without a day off. I did this to purchase my first home (a small townhouse) and catch myself up on bills and savings. + +\-I sold the luxury car and bought a base model Honda Accord. + +\-I maxed my retirement accounts. I only recently began an after tax account. + +\-I kept my first home when I bought my current primary residence with my now wife. My mother lives in my first home and pays the bills. It does not cash flow, but I gain equity and a write off, more importantly she has a secure place to live. + +\-I cut all my bills to as low as possible. We currently have a cheap cell phone plan and internet only. Our monthly cost is less than $90. We use old phones that are paid for. + +\-I refinanced my student loans 3 times to get to an eventual rate of 2.4%. I aggressively paid them down despite the low interest rate, as I was looking for lifestyle freedom more than total returns. I am aware keeping the loans and investing the money would of netted me more in the last few years. + +\-I utilized every credit card bonus I could. I would use 0% interest credit cards as "short term loans" and use them for all my purchases, while paying down against my debt with my cash. I would then take another out when one was close to being over with the 0% period and pay the original off. This saved me small amounts of money, but built a credit score that hovers in the low 800's. + +\-I invest in broad based index funds in all my accounts. + +Everything was very basic. I lived well below my means, I maxed out tax advantaged investment vehicles and paid off my debt. We have been fortunate enough that through doing all this my wife can be a SAHM to our 1 year old and we do not have to stress about money. I have also been able to leave my original job and take a job much closer to home, with shorter hours, even though it pays less. I am not FI at this point, however we were able to create a debt free situation that allows one of us to stay at home and raise our child and the other to take a pay cut for better hours/commute with more time at home. + +I can say that I learned the majority of these concepts through MMM and financial posts on Reddit. I am appreciative and wanted to give back a success story on how much the basics work if you just stick it out. + +TL;DR Living below your means, paying off your debt and investing in index funds pays off. + +&#x200B; + +Edit: I rarely post on social media and am surprised at such a response. I mainly posted this to show that nothing fancy needs to be done to still have some financial success. No GME, no day trading, etc. To clarify a few things: + +Salary- It is higher than average which allows a higher savings rate. I get that. I do agree it would of been harder on a lower salary. I think its clear that higher salary leads to more money to invest, which leads to higher net worth. That being said, in the north east, I feel like there are many people at or near 100k salaries. I have 3 friends who make over $100k who are not in health care. One has a bachelors degree in engineering, one went to one of those automotive schools advertised on TV and is a mechanic, and one dropped out of college and worked his way up at Walmart. You can make money without an advanced degree. All of these individuals have net worths near or above mine, as they have been working longer and did not have the opportunity cost of many years of college plus high tuition. + +Breakdown of net worth- I have $360k in investments/cash and $140k in home equity between 2 homes. My wife's finances are separate. We have a combined net worth of $750k. + +401k- I received a 5-6% match depending on the year, likely contributing $45k + in just base investment to my 401k. Unsure what that has added with returns. + +I do realize I have been fortunate to have invested and purchased real estate during a time of economic growth. Regardless, the principles don't change. Live below your means, take advantage of tax advantaged accounts, pay off debt and invest. I feel like whether it's Dave Ramsey, MMM, ChooseFI, The Money Guy (my current favorite), that it is all the same core message. + +&#x200B; +Hey everyone! I know a lot of apes here are eager to buy their lambos and jets and whatnot, but can we all also agree to support small businesses after we moon? I have a small business myself and the competition we get from Amazon, and all China made stuff(sorry, no offense) is insaneeee and we see our profits crush just so we can stay competitive with the retail giants! +I urge you all to shop small and shop handmade for Christmas and birthdays of special people in your lives! Honestly, it means SOOO much to small businesses like mine when we get a new sale! +This is such an awesome community and you all are absolutely wonderful. So happy to be holding with you all! +Hello everyone + +There was an article on news recently about a young man who made $110m but when I was reading comments ppl were saying he was already minted (millionaire) and got extra lucky so my question is the stock market the whole story to generate wealth or just an accelerator to an already existing one? +Graph of this issue: +https://pbs.twimg.com/media/Dya-WJcXQAEp-2U.jpg + +If you could travel back in time to the 19th century, it would be very difficult to convince anyone that railroad investments were not the future of the stock market. + +Governments were offering subsidies and land grants to stimulate rapid industry growth – and in the period of 1868-1873, just after the American Civil War, an astonishing 33,000 miles of new railroad track were laid. + +Entrepreneurs and financiers started betting on ambitious enterprises like the Northern Pacific Railway – and as the transportation boom raged on, more than 60% of total U.S. stock market capitalization came from railroad related stocks. + +We know today that the railroad boom didn’t live up to the expectations drawn out by speculators. + +The valuations of all of those rail companies seem pretty absurd in hindsight, especially when looking at this week’s Chart of the Week on U.S. stock market history. It pulls numbers from Global Financial Data to contrast the relative sector weightings over 200 years. + +While there are some obvious historical moments to be discovered on the chart, perhaps the most important lesson it demonstrates is the unpredictability of the market in general. + +This is a reminder of why stock markets provide both risk and reward – as the speculators from 1869 found out, nobody knows for sure what the future holds. + +How do you think the stock market sector weightings will look in the future? + +Will new industries emerge? +Sorry if this doesn't fit in the subreddit but I have no idea where to post. + +A school bus crashed my parked car while making a turn on a tiny street. + +The driver stopped, the kids were alright, the police showed up, the officer made a report stating the bus driver was clearly at fault, a school district representative told me to call the transportation department and that they would take care of me. + + +In my mind, this should be taken care by insurance so I called my insurance and they told me that I could either file a claim through them and they would work the the transportation department and collect what they give but they would put in their file that I filed a claim and it would be on my history for the next five years. They said I'd be better off calling the transportation department myself and working with their insurance. + +Family has advised that our insurance is trying to not do their job and make me do all the legwork. It does seem that way but I also don't want to have my rates go up because I filed something. + +Should I file the claim through my insurance and let them handle it, biting the bullet on having the claim on my history, or should I do the legwork myself and work with the city transportation department? + +Thanks in advance for any input! +In short: I can't access a withdraw pin because of an expired email. The process of getting that email reset is an absolute nightmare... + +&#x200B; + +# As of 5/1/2021 this issue is still unresolved. + +**Case ID #71146992** + +5/1/2021- I was able to finally speak with a **CS Agent named Lucy who listened to me explain the situation. I told her I needed to confirm a new location and change the email address on file because of a expired pin. She looked at my issue after I provided my email address and told me to check back in 3 - 7 days- I submitted verification documents and CS Lucy confirmed they received them along with the request to change the email address. Will update 5/4 to 5/8** + +&#x200B; + +**Lucy helped with setting a new email address up and I can now log in from my new location AND get withdraw pins! I must wait 38 hours to make a withdraw because of changing a password. I am expecting to be able to send all my bnb/ada to Binance US in the next 36 hours on 5/4** + +&#x200B; + +4/30/2021 I was given the following message from Binance: + +Thank you for contacting us and we apologize for any inconvenience it has caused. + +After checking, we can see that you have identified yourself as one of the unsupported countries in our system, we are sorry to inform you that based on our Terms of Use ([https://www.binance.com/en/terms](https://www.binance.com/en/terms)) and internal policy, our services will not be available to you anymore. That means you won't be able to: -- Reset personal verification -- Delete account - since your account will be off-boarded anyways, and after the offboarding procedure, all data will be cleared -- Withdraw fiat currency -- Subscribe to any financial product or be legible for any airdrop. + +Unfortunately, even if you're living/ working in a different and supported country now, we will still cannot provide any further service for you. Please kindly understand and withdraw your cryptos to other platforms as soon as possible. -- Every coin has a different minimum amount for withdrawal, without meeting this requirements, it will not be possible to withdraw them out. -- Kindly note that we will not be able to grant trading access for anyone from unsupported countries now, so please withdraw the coins one by one. -- Please find all information regarding the withdrawal here: [https://academy.binance.com/en/articles/how-to-withdraw](https://academy.binance.com/en/articles/how-to-withdraw). + +Thank you for your kind understanding. + +**Updates:** + +**4/30/2021 No updates** + +**4/24/2021 Binance does not give a crap about this issue. Still unresolved/ No attention from Binance. The Binance reddit mod ghosted me.** + +**4/21/2021 BinanceUS tweeted at me and told me on twitter they can't help me or contact binance since they're a separate company.....**[**https://twitter.com/BinanceUShelp/status/1384940531512381440**](https://twitter.com/BinanceUShelp/status/1384940531512381440) + +**4/21/2020 Galen from BinaneUS responded to my ticket via email which had this reddit post linked in addition to a description of the issue. His resolution was a help article on how to make a crypto deposit into a binance account. The entire context of my request was ignored.** + +**Here's my twitter post** + +[https://twitter.com/larryth32804599/status/1384566827293020168](https://twitter.com/larryth32804599/status/1384566827293020168) + +[**https://twitter.com/larryth32804599/status/1384318043912867842**](https://twitter.com/larryth32804599/status/1384318043912867842) + +**4/19/2021- A binance mod commented on my post in /binance. I have since provided them with my username and email. I was told they would speak with the risk team to assess.** + +&#x200B; + +Issue: + +Hi- I know it's a really busy time but I've been trying to get this issue resolved for 4+ months with no luck. Here's my last shot. + +In early 2017 I created a binance account and bought some ADA/BNB and never really checked it until Jan 2021. I can still log into the binance account because I have my orig logon info, google 2fa set up, and a sms number registered with the account. + +Apparently after 6months of inactivity the email address I registered with Binance had expired. This was the email I used to get my withdraw pins. Because I can't get withdraw pins, I cannot make withdraws. + +To set up a new email I need to be verified. Binance will not verify me since I am a US citizen. + +All I would like to do is get my coins moved from Binance to BinanceUS so I can withdraw them. I have tried to contact both Binance and BinanceUS but neither are able to assist apparently. I was told my coins were "safe" but I literally can't withdraw them. + +I'm not here to bash binance or to bring them negative attention but I do need help with this and I do not feel like I was getting the required level of support in my emails to resolve this. Is anyone here familiar with the process or able to share their experience? Thank you + +&#x200B; + +edit--Thank you so much to everyone who is commenting/upvoting for visibility!! I really appreciate the attention people are showing this post. I'll go through the comments and try some of the methods after work. This really is a great community. + +&#x200B; +Look, i get it, these are unpredictable times, but im in Fast 5 and Dollar Ace for paying $1,700, money that i could put into my account and go from there, but no, i decide to buy his service to have him as a mentor, once ure enrolled, all he does is promote his other services (which btw, he has like 10) i guess dividing his attention among 10 services is too much to handle cuz he’s been losing a lot of trades, and therefore we lose as well, his mentorship is useless... he sends u alerts once the price has already gone up, also looks like he’s failing soooo much that he decided to give his “scanner” so people can see the alerts and decide on which trade to jump in, the ones they win he’s gonna brag about, and the (many) ones they lose, that’ll be on them... Super Disappointed... dont waste ur money, they stay profitable cuz they already have tons of money... and i they know a little, and theyre hella lucky, but they wont help u grow ur account... +This is just pure speculation. Have no proof. Just feel like I know papa ape too well and he's calling the shots obviously. Look for some good news to come out tomorrow. Comment below what you would love to see!!! + +I personally would love to see a acquisition offer of slgg or possibly a dividend offer. No doubt these 2 would be the shot we need. +Ok, so im 18, my parents have set up a bank account for me a while back but i have no access to it, don’t even know what bank. i want to set up a bank account that i can use to deposit money that i make on the side (not a lot just enough to pay for stuff like spotify and my vpn), but i don’t want them sending anything to my house. i know paperless exists but they’d still have to send a debit card from my understanding. + +edit: obviously this is the wrong place to ask this since i’m being downvoted + +edit 2: ig the downvotes were just initial +There are so many plays to be made in tech companies that have fantastic balance and annual income sheets while their market caps are only a couple billion. For example there are 4 semiconductor small cap companies called Max Linear, Axcelis Technology, ACM Research, and Onto innovation that are growing at an incredible rate and are all profitable but never mentioned. + +If anyone has any other tech stocks that are currently in the small cap range but growing at a solid pace and profitable please share. +Hi everyone, + +&#x200B; + +I've recently joined and have been learning a lot. My question is general targets around composition of wealth as you age. + +I appreciate these figures will evolve over time but of your net worth in early 30s, is there a reasonable portion to attribute to: + +a) House value + +b) Valuables, e.g. jewellery + +c) Company stock + +d) Pension / Retirement accounts + +e) Liquid investments in the stock market + +f) Alternative investments + +&#x200B; + +I am most concerned about overindexing on items a-c, so perhaps is there a ceiling that you don't want these categories to surpass as a % of your net worth? + +Hope this makes sense and please feel free to direct me elsewhere. +I see many posts from a lot of you with net worths of $5m+. Do you attribute this financial success to luck at least to a large extent, or that anyone that studies finance, law, medicine or software could attain such figures eventually? +Thanks +I’ve yet to do my taxes. 2018 was a wonky financial year for me, so it will be a tad harder to see how the new tax laws impacted me compared to previous years. Still, I’m curious to see how everyone else fared. Would be great if you could give a little insight into your financial background for context. +Anyone here go the barista-FI route at fat wealth levels? Not coasting in your role, consulting, or running your business for 3-5 hrs/week, but doing something totally different with a lower mental load like a barista/caddy/bartender/etsy seller? + +If so I’m curious to know how you have enjoyed it / if it feels like a waste of time or something you should have started doing years earlier. +First, I think the other reasons apes are pointing out, such as damaging the credibility of those of us who like the stock, and it being a distraction, are correct. But it's clear to me that this isn't something apes should be debating about, because the correct answer is: ALL OF THE ABOVE. + +The biggest reason, in my mind, which I believe is being missed is that Citadel absolutely does NOT want people FOMOing into GameStop right now. When you get something trending, people are going to get curious. + +They've put a ton of effort into keeping us all quarantined as much as possible from everyone else, but having Twitter trending is a big no no for them. All at the same time, they're: + +- Doing damage control. +- Trying to discredit long holders. +- Trying their absolute best to get this off of trending. +- Trying to distract from DRS by adding stuff which they know will trigger apes. + +Does this remind you of anything? + +Well, it reminds me of an animal put into a corner with no escape. They will lash out with everything they've got. It reminds me of those type of people who always have to win a fight. They'll hurl insults, gaslight, try to belittle you, even turn your own friends against you if it goes far enough.. Just to start. + +You only resort to those things when you have nothing left. They are deadly afraid of DRS and they are deadly afraid of volume right now. If a bunch of people suddenly start to FOMO in because they've been exposed to it from trending, the hedgies are gonna be absolutely fuked beyond belief. Hell, they already are. + +And what's more, I have a question for you all that I'll let you think about: + +What happens if the subject that's trending leads people to FOMO not just into GME, but more specifically into using ComputerShare to purchase those shares? + +#Edit: + +Oh, something else I forgot to mention! It's clear to me by the tone of their tweets, and I know others have pointed this out, that they're trying to reinforce the idea that they're too big to fail. I'm guessing they'll be begging for a bailout soon enough, if they aren't already doing that behind the scenes. + +DRS is the way! 💎🙌🚀🪐🦍💪👫🖍🍌🌈🐻😭🍻 +https://www.nbcnews.com/tech/tech-news/delivery-dilemma-americans-are-ordering-more-u-s-can-only-n1106426 + +There's only so many boxes that can be delivered in a day. + +Warehouse space is nearly full, with vacancy near an all-time low. Streets are crammed with delivery vans blocking traffic. City curbs are increasingly a turf war between delivery drivers and everyone else. Even grocery store aisles can feel crowded — at least, when staff for delivery services are scouring the shelves. + +Americans are demanding more deliveries, and as a result, many of the things needed for delivery are becoming scarce. And with many companies pushing to meet that demand, industry experts say the U.S. faces a problem — its infrastructure can only handle so many deliveries. +[https://ark-invest.com/big-ideas-2021/](https://ark-invest.com/big-ideas-2021/) + +If you want to read their thoughts on some "big ideas" in 2021. 112 page pdf... enjoy! lol +Hi everyone Eli Buyko here, + +&#x200B; + +**This is a quick and short post about the behaviour of a short 1sd strangle during the trade**(the graph is taken from a tastytrade video): + +\- At first we usually see a small unrealized loss (due to fees and bid/ask spread) + +\- Then a small profit pretty quickly + +\- Right after we are going red again + +\- From that point we can usually take profits at 25% of credit because + +\- We are going red once more! But then + +\- Finally we are going towards the 50% profit target! + +&#x200B; + +From my experience most short strangles and IC's go through this cycle, some positions do it quicker and others much slower! + +&#x200B; + +**So if you are a neutral trader and have some unrealized losses, for the most part it is normal!** + +&#x200B; + +The graph from Tastytrade: + +https://preview.redd.it/iv32qev9loe81.png?width=1996&format=png&auto=webp&s=8474e1b66ac209e11e55799bd4b00c89473c76d3 + +&#x200B; + +Thank you! +# 🦧 SMOOTH BRAIN SUNDAY 🧠 + +&#x200B; + +https://preview.redd.it/jhzdm4scym971.png?width=600&format=png&auto=webp&s=72aa0262f15a72a1667ccb20428f787c6fdb5057 + + **New to Superstonk? Been around a while and have a few questions, but at this point you're too afraid to ask?** + +&#x200B; + +https://preview.redd.it/4qzz4ttvym971.jpg?width=599&format=pjpg&auto=webp&s=2fa077947648292bc558461b9ac03e00e69df079 + +**Drop your questions below!! There are no stupid questions! 👇** + +*Obviously please keep the questions to $GME-related* +I have a 3 BR/ 3.5 BA REI property that the appraiser tagged as a 2 BR and 2.5 BA and the comps used were by 2 BR and 1 BA and 2 Br 2 BA. The appraisal was substantially lower than expected and I cannot figure out why the appraiser missed a whole BR and BA He physically walked through the property. I'm now concerned that the house won't hit the 80% LTV. + +Anyone have a similar situation? My mortgage broker has already put an inquiry into the appraiser. +I have a couple of SFH rental properties with traditional bank financing in my and my partners name. They are currently rented and things are going well. Cash flow is good and we plan to continue to add properties as deals come up . + +My issue is that we'd like to get a little more formal/professional and move these into a business structure, something like an LLC. Not for liability but really to grow and eventually even quit our day jobs. There's no pressing need other than I feel like we'll hit a wall soonish on the conventional financing path and the small headache of having it all in our names vs a completely separate entity growing into a larger paper work headache. + +I have found some lenders online that are willing to loan to a new business, and interest rates are ok for a longer term strategy, but fees are high and terms a little onerous in my opinion. Fees are between 3-4% of the loan value between origination, legal, title insurance etc. One place wants us to form a Delaware LLC, but only with a single owner so we'd have to form a 2nd LLC to own that. The combination of both is giving me pause. + +I'd really like feedback or strategies others have followed to get that initial entity formation going. I have called a few banks and heard the line about needing 2 years of seasoning for the entity. I know Fannie has a rule that newer loans can be quit claimed to an LLC without triggering the due on sale clause but you have to work with your service company and the personal guarantee remains. + +I have enough cash to pay off 1 property and move it into an LLC...do i do that and start the seasoning clock? +NSCC-2021-010 is now on the Federal Register, scheduled for publication today (8/12/2021). Expected implementation: September. + +[https://public-inspection.federalregister.gov/2021-17076.pdf](https://public-inspection.federalregister.gov/2021-17076.pdf) + +&#x200B; + +This ruling is the final green light required for the government to initiate the MOASS. + +NSCC-010 basically allows hedge funds to give their long positions on all their blue chip companies to the clearing house as collateral in exchange for a loan to pay for their losses. By doing this, the government can essentially prevent a market crash from hedge funds liquidating all their positions and starting a massive sell off in the market. This is good for Apes (we get our MOASS), the government (can avoid a market crash harming the economy), banks profiting from the MOASS (they don't lose profits in other long positions in the market), and even some hedge funds may be able to avoid bankruptcy because of this (I fully expect government agencies to bring the market manipulators to justice, nonetheless). + +MOASS is coming soon. The government is almost done with the implementations to finally drop the hammer down and let it rip. Tendie man is coming to town. You don't want to regret not buying enough after it's all over. These rulings, such as NSCC-002, will prevent a MOASS like this from ever happening again. This is literally a once-in-a-lifetime opportunity. Use these final moments to stack up as much as you can before the time runs out and the Apes launch to the moon. Not Financial Advice. +I don't even know if I can phrase this in the form of a question or properly tie to FI. The truth is this is one of the few forums where people might have similar experiences and I'm experiencing some major imposter syndrome. + +I currently work remotely. I make great money (~240k). I'm balancing 2 offers now. One is remote @300k. The other is in seattle @340k. My wife also works, which means I'm looking at this graph here: http://www.businessinsider.com/one-percent-state-map-2014-9 and thinking holy crap I'm going to be a 1%er. + +Think of all the money I can save! I could FIRE pretty damn fast. I just can't decide if I'm willing to work for the Seattle company given that it requires moving, disrupting my wife's career, and possibly working for a company that's has a reputation of not being nice to workers (I think we can all guess who it is). This job and this team provide a shitload of opportunity. Based on past growth my stock alone could give me close to 1M bucks on year 4 (that's wildly optimistic, but would just require repeating their past performance for a couple years). Oh, and I'd probably add 60-90 minutes of commuting. I don't know if firing several years earlier really is worth it But the "bad" job could actually be one where I learn more and am challenged more. + +Or I can take the middle road. Make a little less, work remotely. No moral qualms. Wife can continue her career, which provides more good to the world than I do. The 300k job is for a well known but not that profitable tech company. Stock has had weak performance. They've taken strong a stance on treating people well. Refugees. Women. Diversity. The CEO himself asked me to come work there. Many people expect them to be acquired soon. + +Anyone want to make my decision for me? I've always chased after money because I legitimately felt it offered the best QOL. People treat highly paid employees well. They get respect. They usually have flexibility, you don't typically pay someone 6 figures and then force them to clock in (unless you're in law or consulting or something). This is the first time where I've felt like more money might reduce my QOL. + +Yesterday I was trading QQQ based on 5min chart. +Lost about 2 weeks gain. +I got caught in the choppy trading sessions in the morning. Then I kinda lost my principals and displines to bet more on each trade. I recovered a bit when market started to reverse. But lost some more in the afternoon session when market became extremely choppy again. +Most of my trade got stopped out yesterday. + +Any tips on how should I review my activities and recover from this? thanks +I’m 27 years old and I only have $9,000 saved up. I live in NY. I got my first job at 24, which I made about $3,000 a month, then my second job, which I made about $3,200 a month (this is after taxes btw), and now at my current job, I make about $4,200 a month. I realized recently how much more money I would have saved up if I didn’t obsess over personal materialistic things like clothes and entertainment. I spend well over $1,000 on pairs of sneakers and designer brand clothing. I also feel the urge to play online poker and gamble because I am so impatient with money ,it’s like I’ve been dragged inside the rag race. I’ve also taken out a $15,000 loan and I lost it all on gambling. How can I recover from all this and stop feeling so depressed, constantly thinking that I could have saved a lot of money? I feel like I will be poor for the rest of my life + + +Welp here we are... on the doorstep of hell + + seeing this is from July 9th it's fun + +[https://www.cnbc.com/2021/07/09/debt-ceiling-2021-democrats-have-options-but-no-clear-plan-yet.html](https://www.cnbc.com/2021/07/09/debt-ceiling-2021-democrats-have-options-but-no-clear-plan-yet.html) + +&#x200B; + +I find it insane that we are all expected to live within our means, and not default on loans and such. These full retards can't even raise their own debt when they have complete control over the situation. Maybe that's part of the "plan" but this outcome is looking like a superstonk prophesy. + +\-Foreclosures begin + +\-Debt ceiling achieved + +\-Rates jump + +\-Stock market gets wild + +\-Shorts have to close + +&#x200B; + +I like the Stonk... + +I'm retarded, don't listen to me +Our main car has a blown head gasket. I hate this vehicle with a passion because it has had so many problems over the years but my partner drives it mostly, forgives its shortcomings, and we figure mechanic bills are cheaper than lease payments...because FI/RE. However, this time it's different. We have +250K miles on it and a new engine is going to cost 3x more than the car is worth. + +In my mind right now, I don't give a fuck how much a Honda Odyssey/Toyota Sienna costs: I want one. Sure there are cheaper used mini vans around, and maybe we'll get one of those off the used market to haul the kids around... This got me thinking; How many of you have arrived at a moment in your life where you said "Fuck it. I don't care what the price on the sticker says. It's time..." +Hi all, I work in the Finance industry and have been trading stocks and crypto for years now. I would like to share some of my tips and knowledge here, hope you like them! + +Guides: + +Stick to your personal trading rules and ignore noise/hype. + +Don't FOMO into a coin. Price always pulls back so never chase the pump and never buy at the top. If there's nothing to buy. Wait for a good entry. Let the pump come back to you. + +Expectation: you won't get rich overnight. After buying a coin, don't expect it to double overnight. Just be very patient with a coin before considering selling it. Just remind yourself why you bought the coin in the first place! + +The crypto market is unpredictable, anything could happen. + +I wouldn't recommend leverage trade/ shorting now - We're in a bull market now so it's not wise to take extra risk to leverage trade or short the market. + +Remember: most traders lose money, and the richest people in the world you know are long term investors, not traders. + +I have made much more money by investing mid-long term than going 20x on trades thinking I'll get rich overnight. + +We're in the middle of a bull market now and I don't think we're at the top yet. There's still money to be made but don't expect you can 100x your money, though I believe 10x is still quite possible. + +On that note, just focus on finding your 10x coins rather than aiming for a 100x moon coin, it's just unrealistic now. The time to make 100x is gone. Prepare to buy in the next bear market to prepare for the next bull cycle, that's how people make 100x. + +Exit strategy: + +While it's fun and exciting when we're in the middle of a bull run. But remember, this bull market won't last forever. While it's good to take advantage of this opportunity to make life changing money, don't forget to plan your exit strategy. Always remember to take profits. + +For example: if you're lucky enough to make 10x. Take some out and put it in Btc/ Eth for long term investments. Take some out to a stable coin so you can rotate the profits into another 10x coin. Take some out to fiat so you can enjoy your money. Leave 5-10% in the original coin in case it will still moon. Have a plan! + +Know when to sell: + +Write down your price target when you buy a coin so you can ignore noise, FOMO and emotions down the track. When the coin is approaching your price target then start shaving off the profits. Remember: you don't have to sell the whole thing, you can always sell 10%—20% to take some profit out. + +You can dollar cost average in, and you can always dollar cost average out. + +Above is not financial advice. + +Thanks guys for reading. Hope the above helps and hope we all get rich. + +PS: It's my birthday today so please upvote this post if it offers some value to you. 😊😊 +website https://zenon.network/ + +Trading https://www.coingecko.com/nl/coins/zenon + +Everything you need to know about ZNN https://shazzamazzash.medium.com/zenon-network-an-apes-guide-to-the-galaxy-7aad7dacdfef + +Moonpaper https://de.catbox.moe/26kuuh.pdf + +Based Bitcointalk announcement https://bitcointalk.org/index.php?topic=5279643.msg55303681#msg55303681 + +Syrius Zenon wallet introduction https://youtu.be/t6A7vKhp-MY + +based anon explanation What is it: Incredibly fast, almost infinitely scalable state-of-the-art DLT. It combines the block-lattice architecture that was first(?) used by Raiblocks/Nano with a DAG that exists as a separate layer for the consensus. The block-lattice handles the transactions. It's going to be used to scale Web3 dapps as a L1, and also process transactions as a L2 chain. + +Who does it: This is an independent, open-source project and will probably be run by a foundation similar to Ethereum and Cardano, but I'm about 99.5% sure its backed by Square. I can enumerate the zillions of times they have hinted as such if I really have to here, but you can search for old biz posts on Zenon here and also on Warosu. + +Square will likely use it to scale Bitcoin transactions where the default payment for merchants and Cashapp users is made in BTC, and then they can set it to dollars or pounds or whatever afterwards. + +Its open source and not owned by Square, like how Node.js isn't owned by Google but has wide adoption. They'll easily recruit 1000s of legacy web apps for this bc no code changes are needed, and also dapps on Ethereum will easily switch over. + +The TA: +https://twitter.com/MomoIsKey/status/1382360009863016454 +I have had money transferred out of my account due to my stupidity, they transfer out 7k, the bank rang me +Within about 18 hours and suspended my internet banking, what are the chances of getting this money back? +Have reset everything etc, just want to know how long does it take for the money to hit the other account? + +* update spoke to bank and looking like I’ll get money back which is good news.. +never click on sms link is my advice! +I live in penticton(okanagan). +I bought a townhome for 395 with 80k down. +I do have a family,kids. + +The markets is pretty hot as of now people are getting asking and a few occasions over asking. + +My realtor is saying i could list the place for 500,000 +And get some good interest. + +Whats your guys take. +Guten Morgen to this global band of Apes! 👋🦍 + +Today is a market holiday in the US, but the German Markets are trading. +As usual on such days, I will cover the entire trading session. + +Obviously the big news of the weekend is the tragic suicide death of the BBBY CFO. +This is obviously a terrible turn of events. +The media is clearly trying to link this to Ryan Cohen, as well as trying to paint Apes in a bad light. +Though we all see right through their falsehoods, there is no doubt that this is going to stick in the minds of some. +We all expected the FUD, but them stooping to this level is a whole new layer of it. + +It changes nothing. +Our Diamantenhände are stronger than ever. +If they manage a dip to coincide with this FUD campaign, it will only discount our newest purchases. +DRS continues to be the way, and I cannot wait to see what earnings this week shows us. + +Today is Monday, September 5th, and you know what that means! Join other apes around the world to watch infrequent updates from the German markets! + +###🚀 Buckle Up! 🚀 +*** + + +- ⬜ 840 minutes in: **$27.98 / 28,00 €** *(volume: 13770)* +- ⬜ 835 minutes in: $27.98 / 28,00 € *(volume: 13765)* +- ⬜ 830 minutes in: $27.98 / 28,00 € *(volume: 13629)* +- ⬜ 825 minutes in: $27.98 / 28,00 € *(volume: 13421)* +- ⬜ 820 minutes in: $27.98 / 28,00 € *(volume: 13414)* +- ⬜ 815 minutes in: $27.98 / 28,00 € *(volume: 13409)* +- ⬜ 810 minutes in: $27.98 / 28,00 € *(volume: 13409)* +- ⬜ 805 minutes in: $27.98 / 28,00 € *(volume: 13409)* +- ⬜ 800 minutes in: $27.98 / 28,00 € *(volume: 13002)* +- ⬜ 795 minutes in: $27.98 / 28,00 € *(volume: 12502)* +- ⬜ 790 minutes in: $27.98 / 28,00 € *(volume: 12462)* +- ⬜ 785 minutes in: $27.98 / 28,00 € *(volume: 12410)* +- ⬜ 780 minutes in: $27.98 / 28,00 € *(volume: 12410)* +- 🟩 775 minutes in: $27.98 / 28,00 € *(volume: 12405)* +- 🟥 770 minutes in: $27.78 / 27,80 € *(volume: 11405)* +- ⬜ 765 minutes in: $27.79 / 27,81 € 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Today's euro -> USD conversion ratio is 0.9993. 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! +In high school, I worked for a local JC Penney store. The store is often valued by corporate based on both sales and the number of credit card applications received. As an employee I was always heavily pressed on getting applications. Eventually the store wasn’t receiving enough applications and a manager decided to have some of the younger employees (including myself) who were over 18 to apply for a credit card knowing we would get denied. Now I have a hard inquiry on my credit due to this. Are employers allowed to do this? + +EDIT: To those saying I could have said no, I did say no. I was informed that “you’ll be declined anyway.” Not understanding the way credit works I did it thinking there would be no consequences. It wasn’t until I got a better understanding of credit that I understood the effect it actually had. Especially for those who have no outstanding credit. +First, thank you to the many apes that posted on the other thread, and those that gave awards. You know better, and should be spending that on our beloved stock. + +If you missed it, the last thread can be found here: + +[https://www.reddit.com/r/Superstonk/comments/ypu1g6/my\_grandpa\_82\_went\_to\_see\_his\_financial\_advisor/](https://www.reddit.com/r/Superstonk/comments/ypu1g6/my_grandpa_82_went_to_see_his_financial_advisor/) + +Secondly, thank you to those that commented on my crayonmanship. I didn't think that of all things was going to be commented on, but sure, I'll take it! + +Lastly, my grandpa is up there in age (82), and has tended to to get upset on things he cannot keep up with when I talk with him about GME (DRS, Swaps, DTCC, Rehypothecation, etc). This was one of the main reasons that I wanted him to ask Schwab, was for them to try and explain their version of things, so that I could help him break down those barriers. In addition to putting a little fire on Schwab. + +I know one redditor commented the 'Spoilers' of what might be said, and they weren't too far off. Here's what happened a bit paraphrased through my grandpa, through me, so I guess this turns into a "trust me bro" situation. Take it or leave it: + +&#x200B; + +1. GME + +\-"Wouldn't touch it with a ten foot pole". Mentioned that several analysts have stopped giving grades on it. Those that are left say to "Sell". None say to "Buy" or "HODL." + +2. Directly Registering Shares in your name (D.R.S.) (Computershare) + +\-"Why do you need to?" In short - the FA gave the answer "Your shares are in street name here and offer you that convenience of being able to access them at any point." Gave the schpeal of "could you imagine if they had to hold on to, and locate every share that wanted to be bought or sold... that would be timely and costly." Total BS. + +3. Are your shares being lent out while at Schwab? (With the verbal tidbit to ask them to stop if they were). + +\-"**I** cannot do that without your permission" (But **did not** tell grandpa if he had given permission during paperwork/onboarding/etc. many years ago) Simply gave the answer that he (the FA) cannot do that. Gramps surprised me with follow up questions like "So that is possible?, and "What would be the benefit of you guys being able to do that?" But didn't remember their response well enough for me to put here confidently. + +&#x200B; + +&#x200B; + +Now, I'm sure I did what we all would have done, and started ~~arguing~~ discussing with grandpa on the BS given by the FA. Unfortunately, like I prefaced, Grandpa is 82 years old and shuts down when he can't still play economics ball with me. His 'shut down' was saying that he wished I was there so I could talk with the advisor more... on repeat. lol. I decided I'll be going to the meeting next quarter, even though I still eat crayons for breakfast. + +Few other interesting things to come out of it: + +\-They were recommending to take money out of bond markets, which is a smart move. Unfortunately that was where Gramps still had some money tied up in. + +\-They recommended staple items during this next 'economic turndown" + +\-Grandpa mentioned that he couldn't keep up with some of the concepts given by the FA, and gauged them around a Bachelor's level. The FA told him they were actually Master's level pushing Doctoral. I couldn't help but smile at that because the FA also told him to stay off reddit and not to trust it. But if I was able to learn all this from peer-to-peer evaluated 'junk' on the internet, how could we be asking such higher education questions? + +I just have to say I love all you guys and what you have helped teach me and others during this whole process, simply because we love the stock. Push on, buy on, and DRS your shares. + +Power to the Players. +Throwaway for obvious reasons. First off I just want to mention, given the fact that my case has not concluded, I will not be discussing my case in any further detail, other than the fact that I am expecting to report to county jail within the next 1-2 months. + +&#x200B; + +I (single) am currently 17k in debt with credit cards/personal loans and 21k in federal student debt. During my college years I was arrested, indicted, and bailed out. My lawyer bought me enough time to complete my education and did gig/contract work to keep myself afloat. I am fortunate enough to have a lawyer who took my case on pro bono and I don't have any car loans or mortgages. I currently have no assets; my car is in another family member's name, I live with family, and the most expensive thing I own is my cell phone. + +&#x200B; + +I'm currently in a position where my gig work has been hit hard by the economy and I'm at the point where I need to start giving up on paying creditors since I will be reporting to jail soon. My support system is prepared to supplement my food, living situation, and basic essentials like a phone bill and health insurance. As well that support system will be there for me when I get out. I am confident I can find basic work when I get out and I foresee myself getting into my career field within the next 3 years. My current financial plan is to serve my time, file for bankruptcy , shoulder my student debt, and start fresh. + +&#x200B; + +The advice I would like is: + +1. How sound is my current plan? +2. Should I inform my creditors of my situation, even if I plan to file for bankruptcy? +3. Should I assign a trustee to my accounts, even though I have nothing to give? I'm worried they will harass that individual. +4. Should I attempt to settle my debts after I serve my time? I do not believe my first job out will be big money, although I have good connections to my field and am confident on my 3 year timeline to be in my career field. +5. Are there any other resources I should be looking at? + +&#x200B; + +EDIT: I appreciate everyone's advice, even down to people giving advice regarding my time in jail and life after. I apologize to the people who want more context, I am just following the advice of my lawyer. I do not deserve sympathy; I'm just trying to prepare for the next chapter in my life. Thank you again, ~~I'll be deleting the thread later tonight~~. + +EDIT2: People have pointed out that this thread could be useful for people in the future, I will be omitting some details, and I'll leave the thread up. Apologies for not thinking of the other people that may some day be in my situation. I will no longer be responding to this thread or DMs. +Just bought a house. Have a joint mortgage with my spouse and home insurance and all the rest. In the last couple of weeks it's become apparent that a very good friend of ours needs a place to stay for a few months. + +They're happy to contribute to bills and the mortgage while they are staying here. My question is whether we need to tell the mortgage provider/insurance that we have a lodger, or whether it's fine to carry on as we are. + +For more context, we have known this person for many years and even shared a rental flat with them. Looking online it seems that having a Lodger that you don't know is the risk that institutions may not like. +https://nyti.ms/2QZBxiN + +Peloton is recalling its Tread+ and Tread treadmills, the at-home fitness company said on Wednesday, less than a month after it fought the U.S. Consumer Product Safety Commission as it warned that dozens of injuries and one death of a child had been linked to the machines. + +The commission, which issued an “urgent warning” for the machines in April, urged people who own the treadmills to immediately stop using them. Peloton is offering a full refund for the $4,295 machine with a 32-inch touch screen that allows runners to work out with the aid of instructors. + +John Foley, the chief executive of Peloton, said in a statement Wednesday that the company had “made a mistake” by fighting the agency’s request to recall the treadmills, and apologized for not engaging “more productively with them from the outset.” + +“The decision to recall both products was the right thing to do for Peloton’s members and their families,” he said in the statement. + +The machines were sold in the United States from November to March. The company is working on a repair to be offered to customers “in the coming weeks,” the commission said in a statement. The software improvements will automatically lock the Tread+ after use and require a four-digit passcode to unlock it, the commission said. + +“Today we have taken steps to prevent further harm from these two products,” Robert S. Adler, the acting chairman of the commission, said in the statement. + +The commission said it had received 72 reports of adults, children, pets and objects being pulled under the rear of the treadmill. Twenty-nine involved children, including a 6-year-old boy who died. + +After the death of the child in March, the company urged users to keep Peloton products where children can’t get to them and store safety keys away from children +edit2) I've spoken to RBS and gotten the subsequent hard checks removed. I'm now in the same situation as /u/tleank below, in that customer support can't continue my first application and I need to wait 6 months. They've said, though, that "the impact on my credit score would be less than I think". + +I'm still scared to apply with another lender, as that will be another hard search and we know how that went last time. + +Probably best to wait. + +-------------------------------------- + + + +edit) Thanks for all the replies. I'm going to call them up first thing Monday and try to get this sorted with customer support. + +I'd still appreciate hearing about your experiences if you've gone through this before! + +/edit + +---------------------------- + + +Hi folks + +Applied online for an RBS credit card last night. + +I got approved, was reading through the Ts and Cs, and had to step away for a second to deal with house stuff. + +Came back to a timeout screen, had to start over. + +The second time (within 5 minutes), I noticed the credit limit was much lower than the first time. + +I thought I might have put some wrong info, so I closed it and tried again within 2 minutes (in hindsight, shouldn't have done this). + +This time I was rejected: "We're not able to offer you a credit card". + +Only then did I think to look at FAQs, which stated that applying for too many credit cards in a short span of time could affect my credit score. + +I guess those times all counted separately as applications, even though none of the agreements were executed (didn't make it to the end). + +--------------------------- + +I've gotten some emails: + +>You've previously applied for a Royal Bank of Scotland credit card and we are looking at this now. We can only consider one application at a time. This means that we can't process your latest application, but we'll be in touch shortly about your previous application. + +But as I said, I timed out before clicking 'agree' on my first application so I'm not sure that the ball's in their court. All I can do is wait until Monday and get some clarity. + +Thoughts? Did I break something big (affected my score)? + +Thanks in advance. +Graph of this issue: https://pbs.twimg.com/media/Df-Pag6W4AEj8Fi.jpg + +During the longest bull market in modern history, the S&P 500 surged a whopping 418% over the 9.5 years between November 1990 and March 2000. + +This was during the famous economic expansion that took place during the Clinton era, in which job growth was robust, oil prices fell, stocks soared, and making money was as easy as throwing it in the stock market. + +In mere months, this famed bull market may lose its title as the “longest” in the modern era. + +That’s because, according to data and analysis from LDL Research, the current bull market will take over the claim to fame in late August 2018. + +By looking at duration, total rate of return, and annualized rate of return, it really gives a sense of how these bull markets compare. + +The current run, which will soon become the longest, didn’t have the same level of intensity as other high-ranking bull markets. Critics would say that it was artificially propped up by ultra-low rates, QE, and other government actions that will make the market ultimately less robust heading forward. + +Regardless, the current run ranks in fourth place among the markets above in terms of annualized return. + +What Ended Each Bull? + +The market psychology behind bull and bear markets can be fascinating. + +Below we look at the events credited with “ending” each bull market – though of course, it is actually the actions of investors (buying or selling) that ultimately dictates market direction. + + The Great Expansion The bull run lasted 9.5 years, ultimately capitulating when the Dotcom Bubble burst. From the span of June 1999 and May 2000, the Fed raised interest rates six times to try and get a “soft landing”. Market uncertainty was worsened by the 9/11 attacks that occurred the year after. + + The Post-Crisis Bull Run Still ongoing… + + The Post-War Boom This boom occurred after WWII, and it ended in 1956. Some of the sources we looked at credited the launch of Sputnik, Eisenhower’s heart attack, and the Hungarian Revolution as possible sources of market fear. + + That ’70s Growth The Iranian Revolution, the 1979 Energy Crisis, and the return of double-digit inflation were the factors blamed for the end of this bull. + + Reagan Era This bull market had the highest annualized return at 26.7%, but the party came to an end on Black Monday in 1987 – one of the most infamous market crashes ever. Some of the causes cited for the crash: program trading, overvaluation, illiquidity and market psychology. + + The Hot Aughts Stocks did decently well during the era of cheap credit and rising housing prices. However, the Financial Crisis put an end to this growth, and would cut the DJIA from 14,000 points to below 6,600 points. + +How long do you think the current bull market will continue? +I was reading the post about someone who was getting flabbergasted that everyone in their life they considered intelligent would reject the thesis. Wouldn't even consider it. I couldn't help but think, "First time?" + +It made me realize that none of this would have been possible without reddit. There is infinite money on the other side. Money whose sole purpose is to make you feel crazy. To mix in as much conspiracy with DD as possible. Subtle and not so subtle to better hide the subtle. I think back to how vulnerable I was to this for several months. Far too long. I would have all the DD, and all the knowledge and yet I would STILL doubt. I didn't want to be a crazy conspiracy theorist. The problem is no one thinks they are. So I wondered if I was one of those. That maybe these intelligent people could see it and it was too late for me. + +Reddit helped me to realize I'm not alone. The amount of DD, good and bad, learning the ability to differentiate between the two. Seeing everyone else struggle with the same things I was. It was all part of the journey. A journey I didn't take alone. It took far too long, but I've reached a place of zen. I'm sure most apes who have been here since the early days have reached this point. To the new apes, buckle up lol. You'll get here eventually. + +But we're not first. Not by a longshot. The Blockchain community have been here. Since 2008, they recognized the need to reform the financial system. They have speculators, equivalent of day traders for them. People who are there to get rich quick. But there is an underlying ferocity in that community. They've been working on this since 2008 to reform society’s plumbing, the financial system. They are the ones that created the new system we all want to move to, that we need to move to. This is where I'll be focusing my efforts for the rest of my life. I now know what the fight looks like. Solana (Blockchain's popcorn), the Bitcoin Cash FUD campaign that killed the future of Bitcoin. There is a battle for the future of the blockchain. The future of the metaverse. + +I'll be diamond handing these shares and researching blockchain projects and trying to contribute in anyway. To help us move to a system that will allow us to tackle the problems of our era. Climate change, health care, quality of life, eventually space travel. Once we get rid of these cancerous, resource sucking leeches that we call Wall Street. + +All this is a long convoluted way of saying the price doesn't matter. Reddit posts don't matter. FUD doesn't matter. I'm not in it for the long hall, I'm in it for longer. This is the fight. This is the pivot point for the future of our society. A fight made for gamers. They're so fucked. +EDIT 3: There are a number of comments stating various degrees of info or “warnings” from Fidelity and this only represents my specific experience yesterday. + +Fidelity is still my broker and this is not meant to be anti-Fidelity in any way. + +EDIT 4: “Liquidity” as many have pointed out, doesn’t really mean what the rep implied on the phone. Computershare is NOT a broker so the “liquidity” (in this I am assuming they mean the money needed to fulfill the order) doesn’t come from Computershare. It comes from the buyer. + +PLEASE CORRECT ME if I am misunderstanding, but essentially, “liquidity” isn’t really a concern and may just be CYA stuff. + +EDIT 5: as u/TheHobo101 pointed out, “liquidity” most likely just means Computershare doesn’t sell your shares instantly or quickly because they aren’t liquid. + +If you take your tendies to a Credit Union, here is a great post on what to look for: https://www.reddit.com/r/Superstonk/comments/peq62s/credit_unions_and_how_to_research_them/?utm_source=share&utm_medium=ios_app&utm_name=iossmf + +**Original Post:** + +When Ian answered and I told him I wanted to DRS, he asked me why (not literally "why", but "why" in the call-center-lingo way). I repeated myself basically and he said that before they can process the request, they need to go over some "information" and "warnings" first. + +Information: + +* "Fidelity doesn't short Game Stop" and "Fidelity isn't involved" +* "Fidelity doesn't lend your shares." + +Warnings: + +* "Computershare doesn't have the same liquidity." +* "Computershare has a selling limit" - Funny enough that they think $1M is possible +* "Computershare isn't meant to sell or buy" paraphrased a little but that what the gist +* "Computershare has fees for trading" + +**I did not bring any of these topics up.** I literally only said "I would like to direct register my shares with Computershare". + +He also made a couple of offhand comments implying that people may have the wrong understanding of Fidelity and they had to update their website to reflect those details. Sorry I don't have it verbatim, so I guess you just have to trust this idiot. + +I have pretty bad phone call anxiety especially when it's something I am not confident in, but I kept seeing how easy it was so I gave it a shot. + +Ian wasn't rude or pushy, but it wasn't as "seamless" as my anxiety hoped for. I admit I was a bystander at first, and part of my lack of action was anxiety. I didn't want to justify or navigate this at all when a "professional" is telling me otherwise. + +&#x200B; + +Anyway, all but 5 shares are heading to Computershare so I can finally sleep at night knowing I aint a bystander. + +EDIT: Someone asked me about Computershare’s Fidelity’s comment. https://i.imgur.com/ZvzwPHx.jpg + +**I am merely posting so they can get their doubt quelled but I think this could appear as FUD so stop reading here if you want.** + +From u/janetfknsnakeholes +Text: + +*Ape, I’m a hardcore lurker and suck at being a karma whore so I cannot post. + +In your post, the Fidelity rep warned that CS did not have the same liquidity. I looked at their balance sheet (I don’t really know which number to look at) but I don’t think they have a trillion dollar balance sheet like Mark Cuban said to find. + +So now I got some fear in me that they may not be able to pay out when it gets really high. I got 230 heading over from vanguard and wanted to do the rest once they showed up, but now I’m hesitant. + +I don’t recall any posts mentioning CS balance sheet or a liquidity issue. Can you ask the brethren if anyone has done research into this or should I not worry since CS shares aren’t supposed to be sold?* + +EDIT 2: +Response from u/alex_co + +https://reddit.com/r/Superstonk/comments/pxkynz/_/heopyxp/?context=1 + +Text: +*Commenting on the edit from the post: +Computershare doesn’t need the trillions in assets to pay us. The money comes with the shorts, dtcc, fed. Computershare isn’t the one paying for the shares, just like Fidelity and Vanguard wouldn’t be paying you. They’re just the middlemen between you and the buyers. +The trillions in assets is simply to ensure they won’t go bankrupt, as could happen with Robinhood. But CS is not going bankrupt because they don’t engage in any sort of risky trading. They simply manage stock shares. They aren’t an investment firm. +But none of that should matter if CS shares are for the infinity pool and shouldn’t be sold. Selling CS shares only inhibits the MOASS. At least until all non-CS shares have been closed.* +>2017 really has been the year where hype in crypto, including financial hype and social hype in general has far exceeded the reality of what existing blockchain systems can offer. There is a lot of attention, and a lot of eager expectation, but as far as reality goes the practical usability of blockchains has in some cases even regressed due to rising transaction fees. + +>I expect 2018, at least within the Ethereum space that I’m best able to speak about, will be the year of action. It will be the year where all of the ideas around scalability, Plasma, proof-of-stake, and privacy that we have painstakingly worked on and refined over the last four years are finally going to turn into real, live working code that you can play around in a highly mature form in some cases on testnets, and in some key cases even on the public mainnet. Everyone in the Ethereum space recognizes that the world is watching, and we are ready to deliver. + +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! +To all those who believe in Ethereum's long term potential, do not worry. We've seen tougher times last year during the DAO fork and the ensuing DOS attacks on the ethereum network conducted by BTC maximalists. Back then they did their worst and ethereum still survived through it all and came out on top(were still on top in gains). Let the BTC ignorant fools jest all they want but revenge is sweet. I remember searching PMs through my old posts and then messaging the fuck out of those ETH shortest when ETH was climbing to 420USD And oh was it sweet revenge seeing them jump and squirm as their portfolio diminished 50% everyday. Which if you think about it, bitcoin is needing to create forks every month to try to achieve. + +A little longer down the road in a few months, we will see the same adoption coming as all the great news pass under the radar and accumulate. Those saying Devcon3 is nothing are shortsighted. Pay attention to the topics of this year discussion and you will see that majority of them are centered around solutions to huge industries and game changing technologies. It's no longer just talking about concepts but we're talking about solutions this year. Solutions applications and how to use them. The ethereum ecosystem has grown so much in the past year beyond just adoption which many new investors have yet to even fathom to start finding out about. It's crazy once u start realising the depth of research these intelligent developers have done and will be executing fairly soon. + +I for one can't wait to see many of these solutions being finalised in the coming year and everything gets ready for Casper. Don't underestimate how fast this space grows. The growth we're seeing is 10x faster than any other coin out there. Difficult solutions being solved in months. Revolutionary tech released in a year or two. Just imagine how it took bitcoin 3years to argue for 1MB of upgrade. And how much more we're achieving. Stay strong and trust yourself. + +Short term gains aren't worth your sleepless nights. Turn off your phone, go do something else and come back in a few months and you will still outperform short term day traders trading on other altcoins like bitcoin. +So I posted a while back about being way underpaid for what I should have been getting at my job. +The advice was to basically find a replacement job and see if they were willing to offer me more to get me to stay. +So today I had the talk with my boss, and she went to her boss to see what they could do for me. +They can't give me a raise anymore this year due to budget reasons, but as of February I'll have my promotion and I'll be making an extra $10k per year (base pay, not counting overtime which I get a ton of) +Thanks Reddit! + +Edit: I should mention that my boss has been fighting to get me promoted for months now, but unfortunately has no control over the budget and has to get promotions approved ahead of time. +Also, I started here as a temp, and was hired permanently, which is something that is rare where I work. We get probably 90-100 Temps per year and only 2-3 get hired. +They've been teaching me the stuff that I'll be doing in my new role for about 3 months now. I think they were just avoiding giving me more for as long as they could, and this whole thing just made it happen sooner. + +Edit 2: Got into work today, and I have it in writing :) they move quick when they want to. It's a very similar letter to my offer of employment when I was hired permanently and no longer had to be a temp. +I don’t know much about mortgage rates so if someone could fill me in that’s great. + +My main question is this: + +People are warning that interest rates are going to continue to rise and affect people that bought houses, but isn’t that what fixed rates are for? If they lock their mortgage rate, they won’t be affected right? + + +[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!* +Edit: And yes, this puts to bed FUD about shares still being "in the DTC" when you DRS, when you DRS if you look at the diagram - they are yours babayyyyyyyyyy. + +Hi All, + +Just an FYI, that ComputerShare updated their FAQs this morning based on questions that have been coming in. + +[https://www.computershare.com/us/becoming-a-registered-shareholder-in-us-listed-companies](https://www.computershare.com/us/becoming-a-registered-shareholder-in-us-listed-companies) + +If you could reply to this post with further questions outside of the FAQ they currently list, that'd be great. + +&#x200B; +We have seen glitches before and we have seen brokers' data not adding up - so when TDA changes their SI for popcorn, to show 40%+, I shrug. Meh. + +BUT then it's not that it happened, again 'glitches', but the timing of it! GME making absolutte value moves, becomes THE MOST mentionned ticker on Reddit, and then this happens? + +If it is this easy to have all attention focused on something else, then we realise how perfect a distraction tool popcorn can be. + +Buy. Hold. DRS. Buckle up. 🚀🚀 +**ASTROELON** is a safe, auto-reward, auto-deflationary ERC-20 protocol built in response to the recent surge in **scams** and **'rugs'**. We're here to put an end to rug pulls, scams and abandonment. CHADS like you deserve a safe, continuous trip to Mars. + +Fasten your Rocket-Seatbelts and strap in for a safu trip to outer space and beyond 🚀🌙💫 + +**USP:** 🚀 + +In development is a GASLESS NFT marketplace for non-fungible memes, this will provide a great UX for users to mint, create and sell NFTs. This is the first meme ecosystem to incorporate this. + + +|**BURN**|**VB**|**HODL**| +|:-|:-|:-| +|50% to VB makes ASTROELON deflationary|50% of supply sent to VB on minting, creating a hyper-deflationary scarcity factor|2% is redistributed among HODLers aka Space Cadets via Reflection + + + +📡**Telegram:** https://t.me/astro_elon + +🌐 **WEBSITE:** https://astroelon.net/ + +🐦 **TWITTER:** https://twitter.com/AstroElon + +📢 **ANNOUNCEMENTS:** https://t.me/astroelonannouncements + +🤩 **REDDIT:** https://reddit.com/r/AstroElon + +💙 **INSTAGRAM:** https://Instagram.com/astroeloncadets + +📖 **MEDIUM:** https://medium.com/@AstroElon + +📱 **GITHUB:** https://github.com/AstroElon + +🔐 **LIQ LOCKED (100 yrs):** +https://team.finance/view-coin/0x97b65710D03E12775189F0D113202cc1443b0aa2?name=ASTROELON&symbol=ELONONE + +---------- ---------- + +**CONTRACT:** + +⚠️BEWARE OF CLONES⚠️0x97b65710D03E12775189F0D113202cc1443b0aa2 + +📈 **DEXTOOLS:** + +https://www.dextools.io/app/uniswap/pair-explorer/0x9ec5149472db6acffb9023a47d37b4ecbcf68a4b +Banks are not doing you any favors. Banks make money, with the money that YOU lend them. Money kept in a savings account is not growing or working to increase YOUR wealth. You work HARD for your money so it should be invested so that it can grow over time. Investing gives your money the chance to grow quicker than if you keep it in a savings account. So, get started investing as early as possible! Investing is an effective way to put your money to work and build wealth. +25M, TC 400k, NW >900k (FAANG) + +I’ve been looking at apartments in SF and NYC to move into the city in hopes of improving my social and dating life. Looking at the quality of available units under 3k though, the difference in quality compared to a condo of 800-1.5M seems to be night and day. + +I have kept my rent and expenses quite low in the past few years and with aggressive investing, I have been very fortunate to see accelerated NW growth. I don’t particularly mind paying 3k or so in rent if it means I can have a comfortable place and still aggressively invest my income instead of paying down interest on a mortgage, but it is starting to feel like it might make sense to think about buying a home, provided I can convince myself to stay in the same place for 5+ years. For what it’s worth, I also expect my income to increase to 550k+ within the next two years. + +At what point did you feel comfortable buying your first home, and how much did you feel comfortable spending on it? Did you have any regrets on this purchase after a year or so? +I made a throw away account for this as I have several friends that are redditors and know my username. I am 38 and have been disabled for the better part of a decade. Living on SSDI is nearly impossible, forcing me to live with my mom as section 8 housing is a complete joke. + +So now the question. I recived a little more than 500k and I know exactly what I would do IF I was an able bodied person not living at home. I'm torn on what to do in my financial and physical situation. My mom lost her home many years ago and we rent. Part of me wants to buy her a home and buy myself a home out right ( a nice 3 bedroom home where I live is under 200k ). Putting the rest in some sort of index fund. + +Option B is putting it all in a index or something that will generate 5-7% yearly and taking 4% of that to live on. I know that is not a lot of money to most, but that would be roughly 20k a year and this income does not count against my SSDI benifits. Disability income is poverty level, and this would allow my to receive 33k total income a year making things much easier to have some sort of life. + +What would you guys do? I'm probably not thinking of all my options as this is all pretty new to me. Thank you all for your help. + +Edit: thank you all so much for your replies amd advice. Got a ride to the store and was shocked at all the great feedback. Thank you all! ! +I was brushing my teeth and this thought popped in my head. I popped open Reddit and someone in the other GME sub asked the same question. I haven’t seen it asked here yet and I’m way too smooth to understand the underlying details of dead public companies coming back to life. + +Anyone know what would happen if these zombies come back and their stocks start eating hedge funds? + +I’m assuming some type of catastrophic event for hedge funds that still hold these short positions but would appreciate some real knowledge. + +Edit: Woah - thank you everyone for your input! There are a lot of great comments and some very knowledgeable apes in here spitting facts from the legal side and speculative side. Whatever happens I’m excited to see where this whole thing goes! +This sounds really strange to me and was hoping some of the fine folks here can help me understand how this isn't a thing because I have to obviously be missing something. I'm studying option strategies and come across the short Iron condor. During my practice traded I find the following. + +As of 6/22/2021 TSLA stock Short Iron Condor with + +Buy 6/25/2021 Call $642.5 strike at a cost of $2.73 +Sell 6/25/2021 Call $640 strike for a premium of $3.50 + +Sell 6/25/2021 Put $595 strike for a premium of $2.21 +Buy 6/25/2021 Put $592.5 strike at a cost of $1.25 + +Total Credit of $1.73 with a max loss just $77. + +What I don't get is why can't I just do 1,000's of this since my max loss is less then half of my profit and each time I would finish a trade like this one I would have enough to cover in case of a loss and still have money leftover thus always have profit. (infinite money glitch keeps coming to mind, lol) + +I have to be missing something, right? +Iv invested quite a bit in DeFiPie as I believe it’s tokenomics are absolutely grouse, here’s a quick summary + + +LAAS decentralised loans + +soon their ecosystem will offer LAAS decentralised loans where on their peer to peer loan marketplace a smart liquidity engine will match orders between borrowers and lenders, with algorithmically derived interest rates based on supply and demand. The matching engine can be adjusted to your needs or even set into a total manual mode where only your requirements count + +LPAAS YIELD-FARMING + +Liquidity Provider can provide assets to existing pools and farm the Governance Token PIE with an annual percentage yield of up to 150%. + + +PAAS CUSTOM-POOLS + +Pool as a service. User can create custom pools with a fixed rate for lending. To set up a pool the Governance Token PIE – is needed. + + +SAAS – STAKING + +Users can stake PoS-based assets in existing pools to earn staking rewards according to the underlying protocols. Major PoS assets like Cosmos, Tezos, Polkadot, Cardano, Kusama and Celo will be added. + +Here’s a link to their white paper if you’d like to know more- https://defipie.com/ +There has been a large influx of these posts mostly thanks to a certain watermelon guy. While we are all enjoying this amazing price action and participating in the greatest transfer of wealth in human history, it seems like a lot of apes think this is a hot topic and needs to be addressed. It might seem silly on the surface but transparency from the mod team in our actions and creating clear rules is important, so we absolutely get it. + +Here is the conundrum we find ourselves in: + +If we allow these to continue, it will create a lot more spam and certainly work for the mod team. We will not be devoting time to actively seek out bet violators. We will need the community to bring these situations to our attention. + +If we do not allow these posts in the future or limit their scope there's gonna be a lot of apes upset and will look to circumvent the guidelines. Here we will also need the community to help bring these situations to our attention. + +The mod team is conflicted on how to move forward so the most appropriate course of action seems to be to put it up for a vote. Please choose one of the following options in the poll: + +**Option 1** \- Allow these types of post to continue without any interference from the mod team as long as sub rules and site-wide rules are not violated (this includes using NSFW tags when appropriate). If the OP does not follow through they will receive a perma-ban. This might seem harsh but it will encourage apes to not make frivolous bets and will hopefully reduce the volume of these types of posts. +