diff --git "a/reddit_finance_43_250k_271.txt" "b/reddit_finance_43_250k_271.txt" new file mode 100644--- /dev/null +++ "b/reddit_finance_43_250k_271.txt" @@ -0,0 +1,10000 @@ + + + + + + + +Liqudity is locked for 1 year!!! + + + +Token Distribution + +Token Name: CryptoHeadZ + +Token Supply: 1 000 000 000 000 000 + +Token Symbol: HEADZ + +Max Wallet: 3% of supply + +Max TXN: 1% of supply + +Liquidity: To Be Locked For 1 Year + +Contract Address: 0xa6308944822D3495DbFC8eFf938778f18207D387 + +&#x200B; + +&#x200B; + +Tokenomics + +&#x200B; + +Transfer Tax = 0% + +Buy Tax = 8% + +5% BUSD Reflections + +1% Liquidity Fee + +1% Marketing Fee + +1% Development Fee + += 8% + +Sell Tax = 15% + +5% BUSD Reflections + +3% Liquidity Fee + +5% Marketing Fee + +2% Development Fee + += 15% + +☎️ Telegram: [https://t.me/CryptoHeadzENG](https://t.me/CryptoHeadzENG) + + + +So many influencers lined up! Huge Marketing and Business plan ready to execute! Enormous gaming world connections!! + + + +If you are looking for fast money and crypto / NFT gaming, you have come to the right place! + + + + + +🖥 Website: [https://cryptoheadzofficial.io/](https://cryptoheadzofficial.io/) + +🦜Twitter: [http://twitter.com/Headz\_Crypto](http://twitter.com/Headz_Crypto) +I’m 32 and have 250k in retirement (Roth IRA and trad 401k). + +A few friends have been telling me that I’m contributing too much since I max out both contributions each year. (I’m not doing the mega backdoor, though it’s available to me.) + +They pointed out that if I stop contributing, I’ll still have 3 or 4 million by the time I retire (rule of 72). + +Is this true? I can’t imagine needing more than 4 million in my late 60s. +So I've been getting my business and personal taxes done the last few years by my father in law who works for H&R Block as a preparer. This has gone fine the last several years. + +This year, however, H&R's system has repeatedly sent me someone else's tax return for my review and signature. He has the same name as me and was born on the same date, but obviously has a different SSN, address in another state, different income, preparer, etc. I can see all of his personally identifiable information, his 6-year-old daughter's name, SSNs and address, his workplace, etc. I also have his bank account and routing numbers. I could easily steal this guy's identity if I was so inclined. Obviously I'm not, but it's a major concern. + +H&R also sent me a messed up business tax return that is right in all respects except my address is incorrect. + +I'm quite concerned that if I have this guy's name, address, SSN, bank account info, income, etc., that someone else might have all the same information about me. I have no way to verify this, but it is a major concern. + +Apparently H&R's tech support has been working on this issue for over a month, and they still sent me the same guy's return again. + +I don't really know what I'm hoping to glean by posting this, but I guess I'm looking for some other perspectives and some ideas on my recourse here. This whole thing is very concerning and I'm wondering what my options might be. + +------- + +EDIT: Thank you all for your insights and suggestions. I believe a credit freeze and monitoring/fraud protection (paid for by H&R Block, of course) are in order. I may also contact the IRS and state/federal regulators who deal with data breaches like this. +Be advised, Antpool just mined a BU block, meaning they are going all in for a shitcoin version of BTC. + +https://www.blocktrail.com/BTC/block/00000000000000000204cd2c9840023f1434f3dcdd7f471e4b8c8638d14d7006 + +If you´re pointing your hashing power to Antpool and care about the health of the bitcoin network, consider pointing your miners away from Antpol. + +Thanks. + +PS: Someone's downvoting this thread. I guess Roger and Jihan are scared. + +UASF FTW +In the book it says to allocate 5%-10% of your trading money (not total account size) towards these portfolio insurance units, which would be SPX/SPY Puts or VIX/VXX calls. He doesn't clarify what trading money means, but I'm going to assume money one can lose per trade or buying power reduction for defined risk trades. + +Let's say I have a $10k account, and I sell a bunch of risk defined credit spreads (Verticals, Iron condors, Iron Flies) that expire in a month — my total BPR for those trades is $1,000. For the insurance, I buy $50-$100 worth of SPY Puts (5%-10% of my BPR) at a -0.05 Delta or less that also expire in a month. + +If the market is stable for the year and relatively bullish, I've lost $600-$1200 on those SPY Puts, meaning I've spent 6%-12% of my account on expired insurance...and it's highly unlikely I'm making 22% annualized returns. In fact, best case scenario I'm making 12% max returns, under ideal conditions, so in a perfect world I'm breaking even every year or making 6% (less than buy&hold an index). + +So I must be wrong about how to buy that portfolio insurance, because it's surely not worth getting with those returns. Can someone else fill me in on this? +Ended up rolling a bunch of contracts that expired today. Was able to close some contracts for a slight gain but everything else is just getting crushed. + +Might be time to start looking at some tech stocks that are down significantly and scoop some shares. + +Some companies I am looking at are: +NVDA, ADBE, ZM, PYPL, NET, CRM and INTU. Probably going to sell some CSPs on some of these to collect some premiums and get assigned at a desired strike. Depending on the company I might be looking to sell some contracts 10-15% OTM +https://www.cnbc.com/2020/04/23/google-to-cut-marketing-budgets-hiring-freeze-expected.html[Google to cut marketing budgets by as much as half, directors warned of hiring freezes](https://www.cnbc.com/2020/04/23/google-to-cut-marketing-budgets-hiring-freeze-expected.html) +**I run a niche software as a service (SAAS) company and got a buyout offer:** + +\- The business currently generates me \~$700,000 a year in cash flow / profit to myself. + +\- In a year I should be generating $1,000,000 a year in cash flow / profit to myself but then growth will slow dramatically. + +\- The buyout offer would give me \~$3,750,000 after tax. + +&#x200B; + +**Why to take:** + +\- The valuation is very fair, have checked w/multiple founders and investment bankers. + +\- The growth is slowing, and what we do is very niche without tremendous upside. + +\- SAAS valuations approaching all time highs, like other asset classes. + +\- In a significant recession I would likely lose 35 - 50% of my annual profit based on customer profile. + +&#x200B; + +**Why not to take:** + +\- I am somewhat pessimistic on overall returns and would plan on a 5%/yr from long term index funds on the $3.75m so maybe $187,500/yr? VS earning $1m/yr on the asset value (inferred 27% return) and taking a risk on growth slowdown. +\- It does not meet my FatFire goal. + +&#x200B; + +\- - - + +&#x200B; + +I'd love to hear financial arguments either way. +https://www.cnbc.com/2019/01/28/nvidia-shares-tank-after-chipmaker-cuts-guidance.html + +* * * + +$NVDA Cuts Q4 Rev $2.20B +/- 2% v $2.70Be (prior $2.70B +/- 2%); sees gaming and Datacenter revenue below company’s expectations + +Cuts Q4 gross margin 55% +/- 100bps (prior 62.3% +/- 100bps) +I think that accumulating wealth would be much easier with similarly minded friends and I anticipate retiring early would be a lot more fulfilling with more friends to enjoy it with. I've been making good progress towards FI the last couple years, but I cannot get any of my friends interested. +So I guess this isn't really a "standard financial question" but Google doesn't return good results. Or in fact any meaningful results. + +My wife and I are in our mid 30s and due to some inheritance money own a small mid terrace in a town and we own it outright. She stays at home with our child and I go to work, currently on £35 with a civil service pension (pretty sweet deal). + +Anyway, the idea of moving house to somewhere nicer has come up. A place out in a little country village with a bigger garden. We can even afford the mortgage. But this is where I fall apart, I just can't bring myself to sign a document to pay for another 30 years. We own what we have now, that's a big deal. It's not perfect, but it's ours. And the new place looks nice, but it means plunging back into the uncertainty. I feel like we'd be giving up a huge chunk of security, and a bunch of other potential life options (even if a bunch of them are frivolous ones lol). I know most people are looking to be mortgaged until well into their 60s anyway, so I know it's not a thing special to me. And yet I'm having a super hard time with this. + +Surely I can't be the only one that feels like it's nailing shut a coffin. I have no idea what to do because I suspect there is no "right" answer. I'm posting here because hopefully sensible and mostly analytical analysis might help. Who knows. +I am trying to understand if resources like books or videos are helpful? Every other guru or mentor is sharing different views about the books & free resources. Some say, books are useless as all the info is too old & easily beaten by algos. +Some say, you should learn from books before diving deep into trading. +Kindly share the resource which actually helped you in learning & improving your trading or taking it to another level. +TIA +So as guy with a background in Tech, I have realised that Forex has many similarities. Forex is not that hard, it's just that people are never told much about it. + +* Back in the day, we techs would have all kinds of keyboard and mouse tricks to do things quickly, and to impress people who were looking. But we never actually told anyone how to do those things. + +Forex is the same. There are tricks to trading that traders don't tell anyone. + +* Most people who became good with computers either studied it, or dabbled with it for hundreds or thousands of hours, and yet some would still fail. + +Comparatively, this is the same way that people learn and also fail to learn Forex. + +* They say that 90% of people who trade Forex will fail. + +Have you seen how adept the average computer user is at using a computer or fixing it's problems? Not very much. This is the same with Forex. + +* New hardware and software gets released every few years. This changes the way we operate with computers. Some of the old things work, but not always in the best way. + +With forex, the market changes and new strategies are developed too. While the old strategies work, sometimes there are better ones available. + +* Often computer problems come up and there is no logical explanations for why it happened. And textbook knowledge don't offer any advise in solving it. + +In Forex people are often lost on how to trade, and their theories and strategies don't work. + +* With tech, people often hear about a program or device that can do fantastic things. But they know nothing about actually using those programs and devices. They get them anyway, and end up being confused while screwing up their computer. + +In Forex, people hear about a way to make money. They don't actually know anything about it. They do it anyway, and then they actually lose money. + +*I could go on, but you probably get the idea now. My point is that Forex is not impossible. Most people just can't do it because they* have no education or skill in it. That doesn't mean it's impossible to do. However, it is hard and frustrating. Personally I find it much easier than IT though. +Not sure who needs to hear this but.. using fixed profit targets can help you in the long run. Now.. stay with me. + +Not using a fixed profit target per day is putting you in a position of overtrading. Yes, there will be days that the market moves a TON, how often does that happen? Not very often. + +I got caught up in the trap of constantly wanting more and more and more and more, and it would lead me to overtrade and would eventually cause me to lose money at the end of the day. + +For example, I'd be up $200, and then by the end of the day I'd be down $-250 because I wanted more. If I had set a daily profit/quota, I would've most likely been done for the day & closed up shop. + + +Think about it this way. Let's just say you want to aim to make $500 per day. You can multiply that by 5 days in a week, which is $2500 per week, or $10,000 a month. (You can live EXTREMELY comfortably making $10,000 a month). And this is attainable by using fixed take profits. It doesn't matter how much the market moves in a day, when you make the money you want, get out. + +It's also important to take into consideration of probabilities in trading. How probable is the market going to move hundreds of points in your favor everyday? Not likely. You're more likely to make $500 in a day, than you are $3000. Take your $500 and GET OUT. + +You'll thank yourself at the end of the month. + +If you don't agree with me that's cool, but I seriously don't care if the market moves a lot within a day, If I make a certain amount of money, I'm out and done for the day. + +If you agree or disagree let me know, I want to hear your opinions. +Not sure who needs to hear this but.. using fixed profit targets can help you in the long run. Now.. stay with me. + +Not using a fixed profit target per day is putting you in a position of overtrading. Yes, there will be days that the market moves a TON, how often does that happen? Not very often. + +I got caught up in the trap of constantly wanting more and more and more and more, and it would lead me to overtrade and would eventually cause me to lose money at the end of the day. + +For example, I'd be up $200, and then by the end of the day I'd be down $-250 because I wanted more. If I had set a daily profit/quota, I would've most likely been done for the day & closed up shop. + + +Think about it this way. Let's just say you want to aim to make $500 per day. You can multiply that by 5 days in a week, which is $2500 per week, or $10,000 a month. (You can live EXTREMELY comfortably making $10,000 a month). And this is attainable by using fixed take profits. It doesn't matter how much the market moves in a day, when you make the money you want, get out. + +It's also important to take into consideration of probabilities in trading. How probable is the market going to move hundreds of points in your favor everyday? Not likely. You're more likely to make $500 in a day, than you are $3000. Take your $500 and GET OUT. + +You'll thank yourself at the end of the month. + +If you don't agree with me that's cool, but I seriously don't care if the market moves a lot within a day, If I make a certain amount of money, I'm out and done for the day. + +If you agree or disagree let me know, I want to hear your opinions. +Apologies in advance for being a total noob. I’ve just created a self wealth account and want to buy some vanguard ETF shares. I’m thinking of just VAS for now, but that’s probably because I don’t know anything and it seems adequate for my purposes. I’m looking for a set and forget investment for the long term (10+ years). + +1) What’s the easiest ‘set and forget’ ETF(s) with built in diversification for the long term I can buy through self wealth? E.g VAS, VTS. + +2) What is the minimum I should purchase at a time for maximum efficiency? $5,000 per trade? $1,000? + +3) How will all this work with tax? Do I have to do anything extra at tax time owning ETF shares? + +4) Are dividends with ETFs a thing? + +5) Is investing in just one ETF a really stupid thing to do? Am I supposed to be building a portfolio of them instead? + +Any advice would be really helpful! +Dark Market, the project that took first place at hackathon, should be renamed Free Market. We know that this project will get press coverage, and eventually reach major media outlets. By calling this important invention the Dark Market I'm afraid Amir et all are playing into the systems hands. If the name of the exchange is changed to Free Market, imagine the implications. News anchors will have to say on tv, "Officials are looking into banning the free market." +"The free market is an online exchange where anything can be traded tax free." + "Governments are attempting to come down hard against the free market." +By renaming the exchange it will FORCE a philosophical conversation about rights upon any explanation in the mainstream media. +Please upvote this if you like this idea. +To the moon! + + +**Edit** + +I'm glad there was some discussion. I thought this might get couple upvotes and Amir might look at it, I never thought it would get a thousand, nor did I consider what the word petition would actually entail. I can see how it could come off as malicious, something I didn't consider when I wrote it, made a couple responses, then rushed out the door. I apologize to Amir for that, as he and his team put a lot of effort in. + +Cody Wilson speech at bitcoin Toronto +https://www.youtube.com/watch?v=lQmPWkLFV18 + +Amir interview +https://www.youtube.com/watch?v=COisLGwnb-M + +https://www.youtube.com/watch?v=6VFopiRaXwQ + +The Bitcoin Group on dark market. +http://www.youtube.com/watch?v=oui86OFyH5s&t=13m39s +So this post isn't for myself, its actually for my girlfriend and hopefully this is the correct place to post this. Basically what's happening is she works for an insurance company and the payroll department claims that they paid her for days that they shouldn't have so they're going to dock her checks. But opposed to taking out partial amounts they plan on taking full amounts to the sum of $2000 which equates to two pay periods. The payroll folks aren't responding to emails and I've never heard of a situation like this before. Any help would be appreciated on how to handle this and even if this is legal to begin with. +Everything I write will be MY OPINION as per the flair. None of what I write is financial advice and therefore shouldn't be taken as such. + +A lot of fuckery has occurred with quite a few different brokers which have lead to people being unable to buy, sell, or even access their app. + +Once the MOASS begins, the amount of traffic and attention will be UNPRECEDENTED and I'm 100% certain that many brokers WILL NOT be able to keep up with such demand no matter how "prepared" they claim they will be. + +The increased traffic may make the buying and selling process significantly LONGER than expected. More likely than not, a lot of ORDERS WILL BE BOUNCED BACK and will require apes to put in multiple orders before it goes through. + +It is also VERY POSSIBLE that TRADE SETTLEMENTS will be DELAYED. Imagine this scenario: + +Ape thinks he can accurately time a high AND low point in the market so ape SELLS his GME shares. -> Ape was correct and the share price drops 60% by end of trading day! -> Ape thinks "now I just need to buy my shares back and I make even more tendies!". -> Ape attempts to buy back shares at "discount" price -> "insufficient funds". -> Ape scratches head and gets very anxious -> Share price rises immensely and Ape is only able to buy in 2 days later -> Ape has half the shares ape started with and Tendies are effectively HALVED (your profits would likely get quartered or worse considering how volatile the stock will be during the MOASS) + +If YOU, an ORDINARY APE using ordinary means of buying stocks, attempts to DAY TRADE, there is no guarantee you can: +1. Time the peak and the dip +2. Get your order processed in time +3. BUY WITHOUT THE STOCK BEING RESTRICTED AGAIN + +I implore ALL APES to adopt the mindset that ONCE YOU SELL, THAT IS THE END. GG. + + + +TA:DR; YOU WILL NOT be able to time the market high and low. YOU likely WILL NOT be able to get your orders processed in a timely manner. You may face RESTRICTED BUYING AGAIN which means bye bye tendies once you sell. + + + +This is not financial advice, I'm merely a smooth brained ape whose eaten far too many red crayons. +*Edit: Adding obligatory mention of a certain connoisseur ( Criminal Kenneth C. Griffin ) of a certain condiment (mayo)* ***potentially*** *getting financially bummed over this. :)* + +Links to DTCC's doc/tweet after screenshot below. + +Posting this for wrinkle brains as there may be some 🌶 spicy 🌶 rule changes in here re: global derivatives trade reporting. + +https://preview.redd.it/kz3tyqvhlhc81.png?width=1125&format=png&auto=webp&s=053a2629607d45636489c806fbbb13517890ce81 + +# SAUCES: + +Link to **IMAGE** of new DTCC doc **on Reddit**: + +* [*https://preview.redd.it/4fu3mojk5hc81.png?width=840&format=png&auto=webp&s=0fc69efb65fdf1f86bfb71684f7e442892345fed*](https://preview.redd.it/4fu3mojk5hc81.png?width=840&format=png&auto=webp&s=0fc69efb65fdf1f86bfb71684f7e442892345fed) + +Link to **PDF** of new DTCC doc **on their website**: + +* [*https://communications.dtcc.com/rs/669-QIL-921/images/DTCC-Global-Derivatives-Regulation-Roundup-Brochure-v9bFINAL.pdf*](https://communications.dtcc.com/rs/669-QIL-921/images/DTCC-Global-Derivatives-Regulation-Roundup-Brochure-v9bFINAL.pdf) + +Link to DTCC's tweet at 8:00am ET this morning: + +* [*https://twitter.com/The\_DTCC/status/1483424035400790017*](https://twitter.com/The_DTCC/status/1483424035400790017) + +&#x200B; + +# COPYPASTA of FULL DTCC DOCUMENT BELOW: + +&#x200B; + +**DERIVATIVES TRADE REPORTING RULES ROUNDUP:** UPCOMING CHANGES IN DERIVATIVES TRADE REPORTING ACROSS THE GLOBE + +**WHAT WAS THE ORIGINAL PLAN?** + +The 2008 financial crisis shone a spotlight on the need for greater transparency in the global derivatives markets to help regulators mitigate systemic risk. In response, at the 2009 G20 Summit in Pittsburgh, policymakers agreed that all derivatives transactions should be reported to trade repositories and made available to regulators. + +As early as 2010, before the first trade repositories had gone live, DTCC amongst others, identified the potential issue of derivatives data fragmentation arising between regulatory regimes if the reporting mandates were not synchronised. It was widely agreed that maximum global data harmonization was necessary to deliver the necessary transparency which the G20 policymakers had originally envisaged through the implementation of trade reporting. + +**WHAT HAPPENED TO THAT PLAN?** + +Fast forward eleven years – while progress has been made, there remain significant differences between jurisdictions in terms of the data that must be reported, the mechanisms by which reports must be made and the standards to which reported data must conform. These jurisdictional differences fall short of the G20’s desired goal, resulting in the inability to effectively monitor the global system risk introduced by derivatives markets. + +**WHAT IS THE NEW PLAN?** + +The major jurisdictions continue to make changes to their local policies, procedures and standardsvia regulatory re-writes that frequently focus on domestic efficiency rather than global alignment. More specifically, the currently proposed changes driving the adoption of critical data elements (CDE) for derivatives trade reporting together with the use of **Unique Transaction Identifiers (UTI), Unique Product Identifiers (UPI) and Legal Entity Identifiers (LEI)** are key for enabling cross-border data aggregation that will meet the G20 original goal of identification and mitigation of cross border systemic risk. + +The **CPMI-IOSCO Harmonisation Group (Harmonization Group)** has devised standardized terminology and identified the CDE for derivatives transactions irrespective of where trades are reported, with their final list of 100 CDE published in 2018. However, Harmonisation Group standards are recommendations only, the actual adoption of CDE is within the remit of the local regulatory authority. + +The good news is that regulators in two of the world’s biggest derivatives markets, the **Commodity Futures Trading Commission (CFTC) in the US, and the European Securities and Markets Authority (ESMA) in Europe**, are aligned on some of the most important CDE of trade reporting and on the usage of standard identifiers, including UTI, UPI, Effective Date, Expiration Date, Notional Amount and Counterparty 1 (reporting counterparty) and Counterparty 2. However, differences remain in reporting fields and approaches which will create implementation burdens for market participants who will need to manage these continuing differences between jurisdictions. + +**STANDARDIZED MESSAGING FORMATS** + +The Harmonization Group also advocates an ISO 20022 message structure to ensure data is in a fully standardized format with a view to eliminating the risk of discrepancies due to different message protocols, inconsistent implementation of message protocols, and the existing need for data translation and transformation. **The ISO 20022 Derivatives working group** \[of which DTCC is a member\] is currently working on this message definition and imperative to its success will be drawing on the industry’s experience of reporting XML standards. + +https://preview.redd.it/0g9ba1hqlhc81.png?width=1028&format=png&auto=webp&s=f91fe06dd64cbda3e4d5f00d8d7a4cbb07319a70 + +***\[ TEXT FROM ABOVE SCREENSHOT:*** *"All dates are indicative, based on proposed timelines provided by the respective regulators. For more detail, please see the ‘What Regulatory Rewrites Are Coming and When Are They Due?’ section."* ***\]*** + +&#x200B; + +**WHAT REGULATORY REWRITES ARE COMING AND WHEN ARE THEY DUE?** + +**CFTC REPORTING REWRITE: Compliance Date of May 25, 2022This requires an implementation of changes to reporting by May 20, 2022 to meet the compliance date.** + +This is the most significant change to trade reporting rules in the US since OTC derivatives reporting was first implemented by the CFTC under the Dodd-Frank Act in 2012. + +In late 2020, the CFTC issued final rules revisions for OTC derivatives, which include: + +* ***Changes to data requirements:*** Requirements for reporting new swaps and the definition and adoption of swap data elements that harmonize with international technical guidance are outlined in a CFTC Technical Specifications document. Of note, the CFTC has proposed the adoption of 71% (78 out of 110) of the CPMI-IOSCO Harmonization Group’s final list of CDE. Of these 78 CDE, 51 correspond to ESMA’s required CDE. +* ***Timing of reporting:*** The regulatory update will require that some reporting counterparties, Swap Dealer (SD), Major Swap Participant (MSP) and Designated Clearing Organization (DCO), for example, report swap continuation data by T+1 following execution date, while others are required to report swap continuation data by T+2, post execution. +* ***Swap data verification:*** All SD, MSP and DCO reporting counterparties are required to verify either directly or via third party delegation, open swap data at regular intervals. Non- SD, MSP or DCO reporting counterparties are required to verify open swap data once every quarter. Should the reporting counterparty identify errors or omissions in the SDR reports they must correct the reports within seven business days and if unable to, must notify the CFTC’s Division of Market Oversight and include a remediation plan. + +**ESMA EMIR REFIT: Expected Implementation in 2023, with potential for delays** + +In December 2020, ESMA published its technical standards, including CDE, under the EMIR Refit regulation, which are in the process of being approved by the European Commission and European Union lawmakers. ESMA’s proposed timeline for implementation of the new rules is in late 2023. + +The ESMA proposed changes include: + +* ***Harmonization of data standards:*** Alignment with the global guidance developed by CPMI IOSCO on the definition, format and usage of key OTC derivatives data elements reported by trade repositories, including UTI, UPI and other CDE. ESMA’s EMIR Refit proposes adopting 75% (82 out of 110) of the CDE recommended by CPMI IOSCO. Of these, only 51 correspond to CFTC’s required CDE. +* ***End to end reporting in ISO 20022 XML:*** ESMA proposes that XML schemas developed in line with ISO 20022 methodology are adopted for reporting between trade reporting counterparties, as well as for communication between trade repositories and reporting counterparties. +* ***Standardized processes for data access:*** ESMA includes references to standardize the type of information and the timeline for setting up data access for authorities. + +**FCA EMIR REFIT: Expected Implementation To-be-determined** + +As part of the Brexit changes, EMIR REFIT was onshored to the UK regulatory regime. This does not include, however, the post Brexit changes currently being defined by ESMA as noted above. The current expectation is that the FCA will issue an industry consultation on EMIR in Q2 of 2021. + +**ASIA-PACIFIC REGION: Expected Rewrites in 2022** + +In the Asia-Pacific region, regulators are engaging with each other regularly to coordinate the re-writes and adoption of uniform transaction and products identifiers and the incorporation of CDE. The first regulator to kick it off is the Australian Securities and Investment Commission (ASIC) which initiated a review and update to the ASIC Derivative Transaction Rules (reporting) issued in 2013 to create alignment with international jurisdictions on areas such as UTI and LEI. The initial consultation process was kicked-off on 27 November 2020 and the final consultation has been deferred to Q1 2022. The new rules are due to be finalised in Q3 2022 and in-force around Q3 2023, although the schedule may be adjusted to align with other jurisdictions. + +The Monetary Authority of Singapore (MAS) has started the process to amend the Securities and Futures (Reporting of Derivatives Contracts) Regulations 2013 with its own consultation process. The MAS consultation process was kicked off in early July 2021. MAS intends to finalise the redefinition of reportable data fields and the UTI guidelines by Q2 2022 and implement the revised requirements in Q2 2023, although the schedule may be adjusted to align with other jurisdictions. + +**ASIA-PACIFIC REGION CONT’D.** + +The Hong Kong regime is jointly administered by the Securities and Futures Commission and the Hong Kong Monetary Authority which recently announced some changes to their technical specifications including adding UPI and several CDE fields with a proposed implementation date of December 2022. + +For its part, Japan’s Financial Services Agency (JFSA) is progressing with the overall harmonization efforts while the implementation is yet to be announced; it is expected that their proposed rule changes including decommissioning direct reporting framework will be made public with implementation date in Q4 this year. + +**OTHER REGIONS** + +Canadian regulators (all territories and provinces) are also considering updates to regulatory reporting rules and we expect more information in due course. + +**THE CHALLENGES THESE RULE CHANGES CREATE** + +In addition to the lack of harmonized data standards to monitor global systemic risk, these revamped trade reporting rules will create fresh challenges for market participants in terms of aligning with new and differing regulatory reporting rules. Challenges include: + +https://preview.redd.it/a7bklpyulhc81.png?width=1028&format=png&auto=webp&s=f9a65c8b16a71c573888edac6d68bc899af3e7ac + +***\[ TEXT FROM ABOVE SCREENSHOT:*** \*"\*CONSTANT REGULATORY CHANGE: *Inconsistent adoption of new data requirements – including UTI, UPI and ISO 20022 messaging – by regulators will require firms to continually reassess and update their trade reporting technology processes as the changes roll out. Compliance is and will remain a moving target, with failure potentially leading to penalties and reputational damage.* COST PRESSURE: *Operating and maintaining internal trade reporting systems is expensive. The cost of continuously updating infrastructure to accommodate differing reporting timelines and requirements will be even greater, especially if approached in a tactical versus strategic manner.* RESOURCE SKILLSET CHALLENGES: *Sourcing regulatory reporting expertise to meet multiple different jurisdictional reporting requirements is challenging for firms."* ***\]*** + +&#x200B; + +https://preview.redd.it/brhy3y4zlhc81.png?width=1028&format=png&auto=webp&s=8ae8439b4ab8ed7a0bb2aa5489a1a40e750db623 + +***\[ TEXT/LINKS FROM ABOVE SCREENSHOT: \]*** + +**HOW DTCC CAN HELP** + +When it comes to firms’ reporting infrastructure, controls and processes, firms should consider finding a service that delivers the greatest value and readies them for the regulatory changes taking effect in 2021 and beyond. The **DTCC Report Hub® service** is a highly efficient pre- and post-trade reporting solution that can help firms manage the complexities of meeting multiple regulatory mandates across jurisdictions. With comprehensive jurisdictional and regulation coverage, the service can help firms mitigate compliance risks, enhance operational efficiencies, and drive down costs. + +**Learn More** ***( BUTTON LINK:*** [*https://www.dtcc.com/repository-and-derivatives-services/dtcc-report-hub/dtcc-report-hub*](https://www.dtcc.com/repository-and-derivatives-services/dtcc-report-hub/dtcc-report-hub) ***)*** + +In addition, you can tap into our expertise to help you tackle your reporting challenges and assist in getting you reporting ready. Our **DTCC Consulting Services** is uniquely positioned to provide firms with consulting services that tap into the breadth and depth of our experience to help you transform your post-trade business operations, increase efficiencies, reduce risks and drive down costs. For over 45 years, our clients have trusted us to solve the biggest issues facing the global financial services industry. This unique vantage point has enabled us to develop techniques and tools that can help drive innovation and transformation. + +**Learn More** ***( BUTTON LINK:*** [https://www.dtcc.com/consulting](https://www.dtcc.com/consulting) ***)*** + +&#x200B; + +***\[ DTCC'S DISCLAIMER/ FINEPRINT BELOW: \]*** + +The content, information and any materials provided by The Depository Trust and Clearing Corporation (“DTCC”) and/or its affiliated companies or subsidiaries in this document is provided on an “as is” basis and for informational purposes only and does not constitute legal or compliance advice, a recommendation, offer or invitation to engage in any investment or other financial activity. DTCC disclaims all warranties, expressed or implied, as to the accuracy of any data provided, including, without limitation, liability for quality, performance and fitness for a particular purpose arising out of the use of the data. DTCC shall not have any liability, duty, or obligation for or relating to the data contained herein, any errors, inaccuracies, omissions, or delays in the data, or for any actions taken in reliance thereon. Any unauthorized use, including but not limited to copying, distributing, transmitting or otherwise of any data appearing herein without written consent is not permitted and may violate the proprietary and intellectual property rights of DTCC under applicable intellectual property laws and associated regulations and statutes. + +© 2021 DTCC. All rights reserved. DTCC, DTCC (Stylized), ADVANCING FINANCIAL MARKETS. TOGETHER, and the Interlocker graphic are registered and unregistered trademarks of The Depository Trust & Clearing Corporation. + +See [www.dtcc.com](http://www.dtcc.com) for a detailed description of DTCC, its affiliates and the services they offer. +One of my goals is to retire off of dividends in my early 40s- I'm 19 now, and I don't plan on having kids and I've always been a frugal guy. And yes, while I am in college, I'm debt free, and as long as I keep my grades up I'll most likely graduate without debt. + +I remember hearing from a friend that one needs roughly 3 million dollars invested in order to make 100,000 dollars a year in dividends. However, he said that to do that one needs to buy individual stocks, and frankly, I don't have the time or patience to research different stocks at the moment (I'm pretty busy with college and work). + +That being said, I'm curious if anyone knows of any funds that produce similar results (100k a year in dividends) with the same total investment (3 million). VYM seems good imo but I'd like to know if there are any others you guys can recommend. +What are some dividend stocks and ETFs that you recommend buying? I already have some and am looking to expand the portfolio. I don't have any dividend ETFs yet. Was thinking SPHD but hear mixed reviews. I was thinking about think because it's consistent and lower risk. Might be good to have it as a floor to even out other stocks.VYM, DGRO, or even VTI were the others I an thinking. I could buy a mixture. I have $10,000 to invest soon. Microsoft, Coca Cola, Disney, Merk, Visa. I like O but it would be a taxable account. Is O a bad idea for a taxable account? +With the market the way it is now I’m looking to reallocate funds and trying to decide what to buy. What do you think are good Dividend stocks or ETFs that are undervalued right now that should be a consideration in buying? +I hope I can be accepted amongst all you great people. I bought 8 shares of SPHD @ 46.93. It’s not much, but it’s a start. Not sure it matters, but I’m 30 years old and VERY late to the game. Honestly, I’m just excited to be here, lol. +Since I am only 22, I am trying to decide the direction of investing I want to go. Whether that be to start snowballing my way into a portfolio that is high in dividends or the plain old index fund portfolio. +Its the ANTI rugpull community driven protocol! + +Massive Tokenomics. + +They LOCK their liquidity from the devs. so its PURE SAFETY. + +Massive Burn of tokens. how can we not jump on this ship? + +# + +# Why Do They call Me Generous? + +📷 + +[SafeMoon Protocol](https://safemoon.medium.com/?source=post_page-----c7531943eae5--------------------------------) + +[Mar 2·2 min read](https://safemoon.medium.com/why-do-they-call-me-generous-c7531943eae5?source=post_page-----c7531943eae5--------------------------------) + +What the hell is DxSale and why you should always keep an eye out for tokens listing using this fair-launch protocol. + +Well, with so many rugs appearing on BSC lately, someone had to do something. This is where DxSale comes in. DxSale Protocol allows initial coin offerings to be held in a guarded venue with rules. + +Rule 1) Any and all presale profits generated during the presale will automatically be transferred from the presale address into the LP on PancakeSwap without the sketchy devs having anything to do with it… This is guaranteed with the function of the DxSale contract. + +Rule 2) Tokens sold during presale have a verifiable list price. Therefore it is easy to see and know that your presale price of the token will be lower than the list price of that same token on PancakeSwap, all of this guarantees the amount of money you get from investing early in a project. Most projects list at a 1:4 ratio which means that investors in the presale walk away with an easy 4x gain once their token becomes listed on PancakeSwap. + +Rule 3) Liquidity can be automatically locked for any period of time as selected by the token developer, this guarantees that the token cannot be rugged by the dev simply by removing the LP. + +Being that this protocol is fairly new, and not many know about it’s true potential and power we have decided to use this new fair-launch to create the ultimate presale experience. + +SafeMoon is an entirely community driven project. Completely Rug Free. + +* Safe launch using DxSale +* LP locked for 4 years +* Dev tokens entirely burned +* Auto-liquidity generated with every trade and loaded into PancakeSwap. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +TOKENOMICS: + +RFI + LIQ + +♻️5% of all trades are redistributed to holders + +🔓5% of all trades are auto-locked inside liquidity provider on PancakeSwap + +Total Tokens: 1,000,000,000,000,000 $SAFEMOON + +100% Dev Tokens Burned: 223,000,000,000,000 $SAFEMOON + +Total remaining supply: 777,000,000,000,000 $SAFEMOON + +ALL Remaining supply has been transfered to DxSale Protocol for presale (dev must buy these tokens with the community to be a part of this project!) + +See the confirmed entry of tokens into DxSale Presale here: [https://bscscan.com/tx/0x73f063eb2aab82b6114deca23439c2d20c75c2684a1e3da44d0bcbf56e1caee7](https://bscscan.com/tx/0x73f063eb2aab82b6114deca23439c2d20c75c2684a1e3da44d0bcbf56e1caee7) + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +Tokens will be listed on PancakeSwap at 4X the price of the presale. + +⚠️ Soft cap 30 BNB / hard cap 70 BNB ⚠️ + +⚠️Limit of 10 BNB per wallet⚠️ + +Presale price = 1BNB / 11 Trillion $SAFEMOONList Price = 1 BNB / 40 trillion $SAFEMOON + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Links + +Telegram: [https://t.me/safemoonV2](https://t.me/safemoonV2) + +Website: [https://safemoon.xyz](https://safemoon.xyz/) + +Twitter: [https://twitter.com/safemoon](https://twitter.com/safemoon) + +Medium: [https://safemoon.medium.com/](https://safemoon.medium.com/) + +Verified Contract on BSC: [https://bscscan.com/address/0x8076c74c5e3f5852037f31ff0093eeb8c8add8d3#code](https://bscscan.com/address/0x8076c74c5e3f5852037f31ff0093eeb8c8add8d3#code) + +Burned Dev Tokens: [https://bscscan.com/tx/0xc44aa170d66ed1a2ffc06b63f5ce1aabf1fd2ced669a47cfe88cf6b6c063d774](https://bscscan.com/tx/0xc44aa170d66ed1a2ffc06b63f5ce1aabf1fd2ced669a47cfe88cf6b6c063d774) +because I, like many others have been constantly calculating how much I would earn if the share price hits $Xm, $XXm, $XXXm etc .... like, CONSTANTLY calculating this number and have gotten so used to seeing these telephone digit earnings that I simply will just hold until these wonderful peaks are reached. + +And that is why im not worried **whatsoever** that my fellow apes will hold. +He said he downloaded Coinbase and bought a bunch of random coins some youtuber suggested. I asked him if he bought any Bitcoin, he said "nope, it was too expensive". + + + +🤦🤦🤦🤦🤦🤦🤦🤦🤦 +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! 🚀 🚀 🚀 +People are literally living in their cars waiting for this. I told her the truth: I will die before I sell these fking shares. It sounded strange coming out, but that’s the facts. +Hedgies, adjust your tactics, because I’m not the only one. So you’d better hire a nerd to write a computer program that accounts for retards holding from beyond the grave, because that’s who dafuk we are. Good Luck. We can wait longer than your actual lifetime. Deal with it. And get fukt. +Does depreciation on real estate begin when I purchase it or from when I start renting it out? +edit: this is for residential real estate. started out living in it and then converted into a rental. +### UNITED STATES + +* The **budget deficit** topped $100bn in October, up 60% on a year earlier. Spending outgrew revenue by $37bn +* **Small business loan rates** are rising, potentially impacting the rate at which they hire new employees  + * however small business optimism remains high  +* **Inflation** is expected to grow but it should be offset by weak oil prices and a strong dollar  + +### OTHER + +* **Coffee** and **sugar** are retreating again after a brief recovery  +* Weak **oil** prices have been a boon to shares of **airlines** +* Data released today revealed Q3 GDP growth to have slowed for **Germany** + * **Car** **makers** halted production -falling 9%- as they attempt to ensure their inventories have the proper certifications following to comply with stricter emissions rules + * Optimistically though, this is just a short term hiccup and **factory** **orders** picked up in September +* Wage growth in **Australia** is ticking up healthily  + +### CHINA + +* **Tencent** reports earnings today. Down 40% from their all-time high in January, Tencent reported their first profit decline in 13 years last quarter. We'll see the impact on earnings of a ban on video game approvals that was supposed to end in September, but didn't +* The top trade negotiator is coming to America to resume **trade** **talks** in a renewed positive atmosphere  +* Overall **credit** **expansion** is slowing  + +* Which bank do you recommend for savings account or fixed deposits? +* How is your experience with wealth management services? Discuss your experience with Citigold/CitiPriority, Kotak Privy League, db WealthPro, Axis Burgundy, ICICI Bank Wealth Management etc. +* What bank offers the best foreign exchange 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 housing loan get approved on time? Were you required to purchase additional products (like insurance) to avail a loan? + +You can ask for a general review of a particular product or service that you are researching - "Is bank X good? Is it recommended for basic services no-frills accounts?", but please avoid asking for personal advice. The discussion is for consumption by a broader audience. For advice regarding your personal situation (like "I am Sharmaji ka beta, and 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. + +Previous [Links](https://www.reddit.com/r/IndiaInvestments/search?q=flair_name%3A%22Reviews%22%20Reviews%20of%20banking%20services%20and%20products&restrict_sr=1&sort=new) +I read the wiki here and follow the posts as well. Super interesting stuff. + +I am curious to know how have you folks distributed your entire folio across various categories like liquid, emergency funds, travel, dream house, etc. and different vehicles like FDs, SB Account, ETFs, Gold, Bonds, Stocks, etc. + +What's the percentage allocation in each bucket and what was the thought process behind that. + +I am also trying to collate ideas for myself by trying to identify various instruments and how everyone is structuring their finances. But this is secondary. +For me one of my sirs told me to go into options trading. He told this in front of a bunch of guys who didn't know the difference between different derivatives type and just started trading in shares a few months prior and knew nothing about using oscillators and other tool. + +One guest lecturer told me to liquidate all my provident funds and invest in into elss schemes and debt funds because the returns are better. Luckily my father is in this field and an expert in personal finance and so I haven't done anything stupid. + +Any experiences with guys who aren't so good in giving financial advice ? +https://upstox.com/announcements/customer-support/security-measures/ + +> We have upgraded our security systems manifold recently, on the recommendations of a global cyber-security firm. We brought in the expertise of this globally renowned firm after we received emails claiming unauthorized access into our database. These claims suggested that some contact data and KYC details may have been compromised from third-party data-warehouse systems. + + +There are several online sources suggesting leaks include KYC docs, and user docs. Upstox says no funds or accounts have been compromised. + +https://m.economictimes.com/markets/stocks/news/upstox-alerts-users-of-data-breach-says-funds-securities-remain-safe/amp_articleshow/82017114.cms + +https://indianexpress.com/article/india/upstox-alerts-users-of-data-breach-7269002/ +Guten Morgen to this global band of Apes! 👋🦍 + +Apes, I hope you had a wonderful long weekend and are refreshed for another exciting week in the GME Saga! While many might consider this week boring, due to it being both short and sandwiched between holidays, I could not be more excited to spend it with all of you diamantenhänded apes. This week should bring some more Evergrande drama, with some coupon payments due this week and some very large numbers being reported for their assets / liabilities. Additionally, this week is the end of another financial quarter, which often includes a quarter-end spike to the RRP numbers as institutions adjust their end-of-quarter books. Will we see it break the $2T level? + +Whatever happens, we all know what *our* role is - Buy, HODL, DRS. The short institutions have no recourse when we lock the float away in ComputerShare, and I am eager to see the day that ComputerShare disables the buy button due to every share being held in the name of a Diamantenhänded Ape. Whatever happens this week or in the next month, I appreciate you all coming back and commenting on these threads - it is wonderful to see what a worldwide movement this is. + +Today is Monday, December 27th, and you know what that means! Join other apes around the world to watch infrequent updates from the German markets! + +###🚀 Buckle Up! 🚀 +*** + + +- ⬜ 120 minutes in: **$150.52 / 133,00 €** *(volume: 1431)* +- ⬜ 115 minutes in: $150.52 / 133,00 € *(volume: 1385)* +- ⬜ 110 minutes in: $150.52 / 133,00 € *(volume: 1270)* +- ⬜ 105 minutes in: $150.52 / 133,00 € *(volume: 1270)* +- ⬜ 100 minutes in: $150.52 / 133,00 € *(volume: 1019)* +- 🟥 95 minutes in: $150.52 / 133,00 € *(volume: 1019)* +- 🟩 90 minutes in: $150.63 / 133,10 € *(volume: 977)* +- 🟩 85 minutes in: $150.52 / 133,00 € *(volume: 923)* +- 🟥 80 minutes in: $150.04 / 132,57 € *(volume: 811)* +- ⬜ 75 minutes in: $150.09 / 132,62 € *(volume: 714)* +- ⬜ 70 minutes in: $150.09 / 132,62 € *(volume: 697)* +- 🟥 65 minutes in: $150.09 / 132,62 € *(volume: 591)* +- ⬜ 60 minutes in: $150.35 / 132,85 € *(volume: 440)* +- ⬜ 55 minutes in: $150.35 / 132,85 € *(volume: 440)* +- ⬜ 50 minutes in: $150.35 / 132,85 € *(volume: 430)* +- 🟥 45 minutes in: $150.35 / 132,85 € *(volume: 390)* +- ⬜ 40 minutes in: $150.37 / 132,88 € *(volume: 390)* +- ⬜ 35 minutes in: $150.37 / 132,88 € *(volume: 390)* +- 🟩 30 minutes in: $150.37 / 132,88 € *(volume: 390)* +- 🟥 25 minutes in: $150.32 / 132,82 € *(volume: 373)* +- 🟥 20 minutes in: $150.37 / 132,88 € *(volume: 373)* +- ⬜ 15 minutes in: $150.40 / 132,90 € *(volume: 339)* +- ⬜ 10 minutes in: $150.40 / 132,90 € *(volume: 308)* +- 🟥 5 minutes in: $150.40 / 132,90 € *(volume: 240)* +- 🟥 0 minutes in: $150.98 / 133,41 € *(volume: 236)* +- 🟥 US close price: $152.14 / 134,43 € *($151.75 / 134,09 € 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 1.1317. 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! +54 with about 1mil in retirement savings looking at retiring when i am 63 or sooner. Had been aiming at 2mil before i tap out + +If the consensus of the market indicators all point to a recession or stock sell off or bursting bubble within the next 1-6 mos...why would i want to stay in? Would tapping out and putting my money into cash or bonds until things bottom out be better? + +Yes i miss out on the volatility but in a Bear Market we are still going down and there is volatility , so that i miss out on, but hear me out? Wouldn't it make sense to dollar cost average buy ins on the way down (so new money) but take my existing money and tuck it away nice and safe under my mattress until i want to buy back in? + + Worst case i miss out on 6mos of volatility Best Case i opt in and dollar cost average the money i took out. + +My risk flags are all going up now and its getting harder to ride this one out the closer i get to Retirement. +Inflation is running hot at 7-8% yoy meaning that money market accounts, CDs, and savings accounts yielding 0.5-1.5% are losing purchasing power pretty badly. + +But if you're saving for a down payment for a house purchase in the near term, is there any better option? + +Stocks - too unpredictable near term - could gain or lose a significant %. + +Long dated bonds - too much interest rate risk with rising rates + +Short dated bonds - pretty close to cash but total returns have been even lower than money market funds + +I bonds - probably the best/safest option but you can only buy $10k worth per year. for those of us in HCOL areas that doesn't move the needle at all. Also have to hold for 1 yr. + +It seems to me cash is still the best option for near term deployment. Stocks are fine for a 5+ year horizon but even then it's not certain. Only over 10+ years can you really expect positive returns with a high probability especially given where valuations are. + +Is there anything I'm missing? +Hello all. Thank you for any advice in advance. I’m a US citizen, 26, and have been living and working internationally for a few years now, without a current foreseeable return. I’ve been putting money away (as required by law) into the pension of the country I currently reside and work in (Japan). This money will be returned to me without interest at the time of my departure. I will be moving to Germany next year for a new opportunity, and will stay there at minimum 2 years. At this time, I don’t know what career prospects I will find after that 2 year period. + +All this being said, I’m growing increasingly concerned about my current lack of a retirement fund accruing interest. I would like to open an IRA or Roth IRA, but I’ve learned that you must have evidence of income earned in the US to be eligible to deposit into such an account. I’d love to hear any advice on what other options are available to me, especially any advice from other expats. Once again, thanks in advance. + +Edit: Thanks everyone! You’ve all been a huge help. I realize now I got some misinformation in another sub about my eligibility for making an IRA from overseas, so thank you all for clearing that up. And thank you for all of the other tips as well! Going forward, I’ll definitely move ahead with a Roth IRA and a brokerage account, and I’ll take the other tips into consideration as well. +After looking into some of the DD that had been published in the last days i decided to take a look into the Short Data and FTD data to find out if this stock behaves like a delisted stock or if the allegations made by some of the authors could be true - just by looking at the FTD Data and Short Data that is available to us/the public. + +Lets start with the basical facts: + +Sears first got my attention back in June because of his tweet - but i had no idea what and where to look at. + +https://preview.redd.it/3ydi36ht6ql71.png?width=1280&format=png&auto=webp&s=5b15eb3ed5c4b34c45249857fbe6e75008bc049c + +Sears was delisted on 24. October 2018. + +Before, it had been traded unter the Ticker SHLD - since the 24. it is traded unter the Ticker SHLDQ. + +Lets first take a look at the long timeframe for SEARS. + +&#x200B; + +[As you see, the FTD spiked exatly the the day after the delisting of sears. While we still got hugh ftd in 2021. Strange, right?](https://preview.redd.it/ptvf7pbc6ql71.png?width=1456&format=png&auto=webp&s=62491477838985315c0f494a9d6c1c71a4801569) + +2010 looks nice, lets move way deeper into the past: + +[Oh - 2008 says hello! Anyone has an idea why SOOOO many shares could fail? ;\) ](https://preview.redd.it/tlobqh5l6ql71.png?width=1602&format=png&auto=webp&s=b12940996c9e3c41e44b1e56d6d004a05f81d517) + +So, lets take a look into the Time AFTER it got delisted - It should not have any real short activities, its a dead company so never mind! Oh. it has a volume. And a short Volume. And it reports a short volume. + +[This is the Volume \(Blue\) and Short Volume \(Orange\) since Sears got delisted.](https://preview.redd.it/797h8hpo4ql71.png?width=1971&format=png&auto=webp&s=e9c53bd62559e3964460e565de5e28f7d7e013e5) + +How much did shortsellers make by shortselling a dead company over and over again after the delisting - you will say, some pennys. Yeah, some pennies if you are a hedgefund manager. But for us its a lot money. + +**To calculate the "short sell gaines"/how much money did they make by just shortselling a dead company:** + +https://preview.redd.it/p6z2vr105ql71.png?width=136&format=png&auto=webp&s=68df5f3c9048e26cbbc544fc95aaf3abfe9f5ee9 + +**In Words one hundret fifty six million four hundret eighty two thousend threehundret fifty nine $ and 86 Cents by selling a company short that is delisted.** + +&#x200B; + +Yeah, you are reading it right. Since the stock got gelisted and was trading below 1$ Shortseller Sold between 24. Oct 2018 and 02. August 2021 + +[First: Amount of Shares Sold Short \/ Total Volume Reported in Short Data](https://preview.redd.it/pkskag3t5ql71.png?width=271&format=png&auto=webp&s=b450e098a76fa05d8b24af7e100f7cab9a2515b4) + +Strangest thing so far i found further in the data is the SVR Total VOL = SHORT VOLUME / ( YAHOO EOD VOL / 100 ) = Short Volume Ratio Total EOD Vol - Describes the % of shares shorted of total daily vol.Lets agree an the fact that 100% is max. But we got this for Jan 2019 - That is strange that the short volume reported in shortdata exeeds the volume reported on yahoo. + +https://preview.redd.it/l3pq1puj7ql71.png?width=2059&format=png&auto=webp&s=a958ff4431fb766d69c67bfcf643befd20bc1abc + +Taking this one day out and scaling it down to a 0-100% y containing Closing Price (Orange), Blue SVR Total Vol and the 40 days moving average. This doesnt look like a dead stock.... + +https://preview.redd.it/ek39j2i68ql71.png?width=2033&format=png&auto=webp&s=d79ca00695de37ecf1889b81920917a0a07d98f3 + +And what about the FTD? + +[24. Oct 2018 Till last FTD Update](https://preview.redd.it/k8bzhetd8ql71.png?width=2079&format=png&auto=webp&s=085411b368d54d4d14415335a01a1df74bc28fe8) + +Same Chart, but starting at 01. January 2019 + +https://preview.redd.it/t029lboj8ql71.png?width=2079&format=png&auto=webp&s=d011a194bdee4aaaac0063dc8bd4f4cbf4552db4 + +A dead Stock still has FTD over FTD over FTD over time. WHAT IS THIS - A Zombie stock? + +I think this needs some more research - thank you for your time! I think we should dig into this rabbit hole! + +Added: + +There are still people holding SEARS in 2021- take a look: 1. KINETICS PORTFOLIOS TRUST 2. FAIRHOLME FUNDS INC 3. Invesco Exchange-Traded Fund Trust II 4. KINETICS MUTUAL FUNDS INC bonds????? + +https://preview.redd.it/n7ftr6m0nql71.png?width=1347&format=png&auto=webp&s=eed2ce7b2d0cbba522fb6a95d71b4785848fecfa + +https://preview.redd.it/ntn9ct91nql71.png?width=1344&format=png&auto=webp&s=41e4ffebadd085e18f03fcff5c2356b890020421 + +https://preview.redd.it/4t5obvw1nql71.png?width=1360&format=png&auto=webp&s=036c9e5d4d863a0f31a6cdae461b46cc739b9a01 + +https://preview.redd.it/nsw91jo2nql71.png?width=1408&format=png&auto=webp&s=7c7040e425feb50a218587107b6f540d53309ed5 + +Add 2: + +[https:\/\/insider-analysis.com\/search\_whales.php](https://preview.redd.it/t62dgb9slrl71.png?width=1818&format=png&auto=webp&s=70789fe5cec14052d944761b08582b8dfde216fd) + +&#x200B; + +[https:\/\/whalewisdom.com\/stock\/shld](https://preview.redd.it/qjyymxj2mrl71.png?width=1903&format=png&auto=webp&s=7753319a8814830559bba35507b00d6af0fa576e) + +&#x200B; + +[https:\/\/whalewisdom.com\/filer\/esl-partners-lp](https://preview.redd.it/wjduuk49mrl71.png?width=1897&format=png&auto=webp&s=cc675b5dbb1e9ad22a16c00a5e3a499de8487c6a) +I'm sick of Instagram and Tiktok influencers selling courses and shilling their coins. There are some really good youtubers who can help you with your research but I have problem with the ones who flex their fake trading accounts , showing how they turned $1k into $1m in a couple of months and they will "teach" you how to do it , if you buy their course. If you know how to make a million dollars in a couple of months , why bother selling courses , why not do it again. + +Then there are influencers who do not sell their course but keep shilling the most degenerate coins , that is probably gonna crash (looking at you logan paul). Tiktok is literally filled with this. These influencer use their fans as money making machines . + +Most of those courses are about $100, why do you need to sell a $100 course if you can turn $1k to $1m. All of them are frauds. The sad part is most of them are gonna earn a lot of money selling their course by showing their fake portfolio. +I'm running the wheel on GOOGL. Everything was going well until a significant correction and I could not avoid assignment. I hold 1 lot at $108. Each day, the price drops and it's hovering at ~$90. The premiums are a few bucks for weeklies and even for 30-45 DTE. Are there any other thetagang strategies I can use in the time I wait for the price to recover? +Hi thetagang, + +At the end of last year, I decided I was going to start learning how to trade options and more specifically, sell options (generally in spreads) to take smaller but lower risk profits. This was to not only build my confidence but also I felt it was a good long-term profit strategy that could scale up. I did a ton of research understanding everything from the super basics, the greeks, strategies, etc. My Mom previously signed up for a course that gave great detail about options trading that I started through (it's 30+ hours per section, haven't finished yet) and she's been highly profitable over the past several years, so she has also acted as a mentor to me through all of this helping checking my understanding and such. For each trade, I made sure I understood the P/L chart, trends, and was confident in my technical analysis (for whatever that's worth). + +Since Dec 31, I've made 3 trades (weekly expirations) that have netted me a -40% portfolio loss and one of those trades expired worthless, meaning that loss is from 2 of the 3. + +Here are my trades with thoughts: + +12/31: NFLX 07 Jan 2022 575/565 Vertical Put + +* For the month of Dec, NFLX was trading slightly down but I felt the technical analysis pointed towards a continuation of consolidation and at the time of placing the order, NFLX was at 610. My bet with this trade was that it'd stay above 575. Probability on this showed to be 92% OTM. I ended up taking a massive loss as I held on expecting a reversal that never came. RSI, MACD and candles all (what I thought) represented a reversal but no. Gamma (I think) killed me and I bowed out a few days before expiration around 578. Thankfully I didn't hold much longer as at expiry, it was around 540. + +1/6: GOOGL 07 Jan 2022 2700/2690 Vertical Put + +* After the mini crash last week, I took a bet that Google's selloff was partially emotionally based and that it would rebound. GOOGL was trading around 2750 when I jumped in but previously had been trading well above 2800. Again, probabilities showed this to be around 95% OTM and thankfully I was right, although just barely as it got a bit sketchy at times. + +1/10: NVDA 14 Jan 2022 280/290 Vertical Call + +* Final trade and this is from 2 days ago. NVDA, along with several other tech stocks took a tumble and it seemed like we were heading into a bear market. To top it off, NVDA has been bearish since late Nov, so all technicals indicated a good time to take a short position. I swapped to a vertical call over put this time as credits weren't good on the put side and again, I was looking for a very high probability play to help me recover from my NFLX loss. Probability was 98% on this when I entered at 274. I jumped out today at 280 as I've seen nothing but bullish behavior from both the market and underlying since I entered the position and was worried about greater losses if I kept holding. In hindsight, I guess I should have gone to 285 or maybe even 290 but it felt overkill and a big loss in premiums over something that was already so likely to be right. + +A few things I've learned, but don't necessarily have answers for yet. + +1. I don't have an exit strategy before entering a position. This is really challenging as even the GOOGL trade was showing a 47% loss minutes before expiration, despite me collecting 100% premiums. I find it really difficult to figure out how to exit with minimal losses while still "being right". In both losses above, I ended up giving up close to my strike price after markets went against me and took substantial losses in the process. I'd really appreciate some advice here. +2. I have not been looking at broader market signs or flags and instead was looking at my sector and honestly, more so the chart for the specific stock I was after. I had no idea the Fed minutes were being released last week and that the market would pull back in anticipation, and that cost me. +3. Finally, I didn't really stick with one stock. As a new trader, it's probably best I think to pick one stock I like, have knowledge in and just trade that. I'm going to do that now moving forward. I'm also going to be using a paper account to test a lot of theories while I gain experience. + +This isn't intended to be a pity me thread. Rather, I'm hoping folks in here can help me understand where I may have gone wrong or missed some things. Everything I read and research tells me this strategy is the one I want and best suits me but yet I've taken huge losses very quickly. Any advice or suggestions would be greatly welcomed. Thanks! +Hi all, + +Some background: I'm a communications associate in NYC making $55K. I recently found out that my department had been willing to pay me $60K, but I asked $55K (I hate when this happens!). + +NOW: I've been there for two years and I've taken on some BIG tasks that go beyond my job's original description. One of the biggest ones has been copywriting the CEO's weekly emails to all staff/board. I feel like I'm grossly underpaid. I recently looked and they're hiring two new positions in my department (which has decreased due to people leaving). For these new positions, both associate level, they're willing to pay anywhere from 60K-65K. + +Now, I think I deserve to make just as much, if not more, given my responsibilities. Part of me would like to ask for 75K, as that feels like a decent amount more than the new people, respective not only of my tasks but also my longer time there. + +Is that reasonable? Or will I be laughed out? +For those of you living in either of these states have you seen as much of an exodus to these places as the media portrays? Do you feel it’s more temporary or permanent? If this is real, is it negatively impacting the quality of life down there through more crowds and dramatically higher prices? + +I think this is pretty relevant to the fatfire crowd looking for other states to settle down in these days. +I'm always surprised by how few people know about this. + +When a business owes you money but can’t send it to you, they may turn it over to the state. Each state holds onto that money and keeps a detailed list of who it belongs to. If some of it’s yours, you can file a claim to get it back into your pocket. + +The money could be anything from eg. + +* States' Unclaimed Money +* Unclaimed Back Wages +* Life Insurance +* Retirement +* Taxes +* Banking, Investments, and Currency +* Mortgages +* Saving Bonds +* International Funds + +The United States Government 🇺🇲 has a service set up to help assist you with any queries or claims here: https://www.usa.gov/unclaimed-money + +Edit: For Canadians 🇨🇦: + +https://www.canada.ca/en/financial-consumer-agency/services/banking/unclaimed-balances.html + +Edit: If you live in Britain 🇬🇧: + +https://unclaimedassets.co.uk/trace-forgotten-funds + +Last edit: + +France 🇫🇷: + +http://www.afb.fr/ + +Australia 🇦🇺: + +https://www.moneysmart.gov.au/tools-and-resources/find-unclaimed-money + +New Zealand 🇳🇿: + +http://www.ird.govt.nz/unclaimed-money/ + +Switzerland 🇨🇭: + +http://www.swissbanking.org/ + + +Edit again: Thank you to those who shared their successes with me. It's very heart warming 😊 Remember to get your family members and relatives to check too. +Disclaimer : I'm all-in on GME. More than you can imagine. I'm also all-in on LRC. All my crypto holdings are currently on LRC. Not sold one LRC since 3 weeks, one GME since 10 months. + +We know for sure that GME is going to launch an NFT platform. It means crypto. The leak is pretty obvious, and the links are pretty obvious. But that's still speculation. I agree. + +So why are you guys fighting as if talking about LRC was the pest ? That crypto was the pest ? When it's ACTUALLY linked to our beloved GME ? + +Why are people getting downvoted to hell when they mention crypto or LRC ? + +I can understand the point : "because it's not confirmed, and because it's a strict GME sub". + +Alright, then. That's a fair point. I highly respect that. + +But then, you guys need to follow that advice and apply it. Because why it's not getting downvoted as hell, when people are talking about : + +\- RRP ? + +\- Evergrande and Chinese debts ? + +\- Inflation ? + +\- Lights on banks at night ? + +\- Banks having loans issues ? + +\- Corruption from political figures ? + +\- Burry tweets ? + +And I think the list is long and I'm forgetting things... + +Personally, I don't mind all those things, I think it does give more data/insight on the overall state of economy/corruption in the world. + +But then if everything else is allowed, why LRC -- where speculation and leaks give us a direct link with GME -- is such a taboo in here ? I think it's getting downvoted as hell by paid-shills... because it could be the additional gun-powder. + +&#x200B; + +EDIT for the smart comments : + +I am all-in on fiat (cash) on GME. + +I am all-in on crypto on LRC. I can't and won't sold my crypto to fiat because of taxes. +Recently discovered that Chinese mining pools control as much 80% of network hash rate. Since the Chinese government virtually runs a authoritarian government, what's stopping them from taking over these mining pools? Is there something I'm not aware of here? +For the second time in two years I've had my debit card intercepted in the mail and someone has attempted to take over and transfer money from my accounts. What my bank (one of the big four) won't tell me is how it's even possible to do this when they shouldn't even be able to activate the card and then even if they do, how do they then get total access to all my account? + +I get that they could spend the money attached to the card in question but they've also tried to transfer out of my savings account. Does anyone know how this is possible? + +If you want detail, what happened the first time was I could see they tried to transfer a large amount from the savings to my everyday account to obviously then transfer it to their own account before it was frozen. So just by having my new card they were somehow able to do this but I cannot understand how and think there must be some sort of huge security flaw there. + +Edit: So I just went to the bank to sort it out. Turns out this time they didn't get access to any of my accounts because after last time they put a secret word on anything that involves my account over the phone. So they tried to activate the card but didn't know the secret word and the account gets automatically blocked. So it actually worked as intended this time. Still didn't get an answer on how last time they were able to access everything in my accounts but at least it looks like it can't happen again. +Even though petrol in my town has now jumped from 1.60 to 1.90 in a day + +&#x200B; + +There is definitely no price gouging and the ACCC is definitely keeping watch on those pesky servos! + +&#x200B; + +/s +Your markets are run by bots. Now your /r/Asx_bets daily threads are too. + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) Last ban length: 1,048,576 days + +Automoderator may provide "Guidance" for Lazy and zero effort posting. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/2sQBNuM) +Your markets are run by bots. Now your /r/Asx_bets daily threads are too. + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +Automoderator may provide "Guidance" for Lazy and zero effort posting. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/wsNDGTf5QH) +Your markets are run by bots. Now your /r/Asx_bets daily threads are too. + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +Automoderator may provide "Guidance" for Lazy and zero effort posting. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/EKU2tVBp9u) +Your markets are run by bots. Now your /r/Asx_bets daily threads are too. + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +Automoderator may provide "Guidance" for Lazy and zero effort posting. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/wsNDGTf5QH) +Your markets are run by bots. Now your /r/Asx_bets daily threads are too. + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +Automoderator may provide "Guidance" for Lazy and zero effort posting. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/wsNDGTf5QH) +Hi all, + +I am moving to San Diego from Indianapolis area for a job and my girlfriend has decided to make the move with me. She is a medtech, she has a 4 year degree with quite a bit of experience now. During the phone screen they told her the salary range is $28-30hr. + +During her main interview the hiring manager mentioned several times how expensive of an area San Diego is, my GF explained that she was aware and that she was following me there because of my job. + +They just called and extended an offer to her for $27.50, she asked if she could get it higher but the HR manager told her it was the max for her experience level. She is excited and wants to accept. I told her I think she should at least try to get the $28 she was told during the screen. She seems worried they will be upset since she already asked but to me this would be unacceptable. + +Anyone else here have thoughts? +**\*\*Preface: I would like to stress that I am double vaccinated and I encourage all adults to get a COVID vaccine after speaking with your doctor to make sure it is right for you, this is NOT an anti-vax post and is NOT about arguing the validity of COVID vaccines. Also, I do understand the need for some rational restrictions given the pandemic situation.** + +I am currently living in the most restricted area in North America, with curfews at 10 P.M. Indoor dining, gyms, and basically any activity that needs to be done indoors (apart from shopping) is closed, even for the vaccinated. Gatherings from different households at private residences are basically not allowed at all. There are now rumors that the vaccine will be mandated for everyone in my country's subreddit. I have no idea if this is true, and I am not against the vaccine, but it still makes me uneasy. + +While I understand the need for some restrictions, the ability to FI/RE would mean that I, a double vaccinated, mask wearing person (I am stressing these points, as I do not want people to jump on me telling me I want to go around infecting grandma), would be mobile enough to choose which province or state I would like to live in, in accordance to my own risk tolerance. For now, given that I am WFH, but my spouse's job is not, we are kind of stuck here. + +Maybe this is my paranoia, COVID restriction affected brain speaking, but I genuinely worry about the future of my province and my country, and would like to be able to get out if needed. I expect this feeling to grow whenever I have kids in the next years. Looking down South, or even in the Western parts of my country make me envious, and angry at my region's inability to manage this crisis effectively without restricting many aspects of our lives. + +This, and the fact that my country's GDP is greatly dependent on rising home prices, I fear our economy might take a turn for the worst in the next decades. + +Saving around 40% of my salary and investing in a larger, more diversified and stable economy (USA) will get me to a point where I am independent enough to move my future family wherever I want if SHTF and the social or economic climate of my region takes a dive. + +Not a lot of people think about the advantages of being mobile until you feel trapped. +Since this has been discussed in the sub before, I figured I'd share: [IRS announces delay for implementation of $600 reporting threshold for third-party payment platforms’ Forms 1099-K | Internal Revenue Service](https://www.irs.gov/newsroom/irs-announces-delay-for-implementation-of-600-reporting-threshold-for-third-party-payment-platforms-forms-1099-k?fbclid=IwAR3vqmtD7B0xRY96zb--JK-rMhggBOzONoKrToucZRMGM1fEkfXUT3ScX9g) +1. The corporate tax hike will affect most corporations, but REITs are "pass through", so they will be unaffected by this as they do not pay corporate taxes. + +2. The capital gains and qualified dividend tax hike won't affect REITs either, because they're already taxed as ordinary income(other than QBI deduction) + +3. Biden's targetting of "like kind exchange" tax deferrals won't affect REITs, but investors that invested in real estate directly may have less of a reason to do so over just investing in REITs. + +4. Real estate has historically done well during periods of inflation, and many leading indicators for inflation are present(High commodity prices, shortages, high demand, stimulus, M2 growth, unemployment dropping, rising inflation expectations) + +5. REITs have yet to recover as much in share price as much as the equity market. While equities are trading at far higher P/E ratios than they were a year ago, REITs FFO to price ratios are still looking cheap. + +6. If you look at 1999 when equities were starting to trade at similar P/E Ratios, REITs went on to perform well during the tech bubble crash up until the real estate bubble several years later. + +7. Low interest rates present an opportunity for leveraged investment +Pretty much all my friends are bad with money, we’re all in our early twenties/late teens, and none of my friends can seem to keep any money in their bank accounts. I’m very particular about where my money is spent and really don’t like to partake in some of the things they do simply because it costs a decent amount of money. I’ve told them before that I just don’t want to spend the money, and they respect my decision but are assholes about it with offhanded remarks here or there. Which **DOES**get annoying after a while. + +So I’m considering the idea of telling them all I’m broke. I’m putting all my money into my emergency account right now so my checking/savings accounts are relatively low. I don’t want to mooch off of them or anything, I just want to deter them from asking me to spend so much money with them all the time. + +Thoughts? + +EDIT: My money is being saved because I'm about to become a real estate agent, and since I'm going to work on that full time, I'm trying to save up enough money to cover any bills and stuff until I can build up my business. Should have clarified! + +EDIT 2: Whoah, these are a lot of replies! Sorry if I don’t respond to everyone, all the advice/perspective is really helpful. + +EDIT 3: I think I’m just going to be honest with my friends and tell them I can’t afford to do certain things and that it doesn’t work out for my budget. If they don’t accept it then that’s that. Time to move on. I’m also going to find more people with a similar mindset, I definitely think that will help out in the long run. I’ll be doing that regardless of the outcome of me telling my friends my situation. + +I’ve also realized from some of you all that I should also develop more of a backbone, and I agree. I notice that I don’t stand up for myself as much as I need to and I’m not going to get anywhere if I can’t do that. So those are my takeaways, and another thing, I didn’t clarify this before but I do spend time with my friends and I do spend money with them. The issue is that they spend money SO MUCH that it’s just a bit much for me. +So 3 or 4 months ago I posted about making a penny.. today I've made almost 20 dollars in dividends and my monthly is up to 5.68... I understand this isn't a big pile of money but holy crap I didn't know it was this easy. +The top ten holdings of SCHY comprise about 35% of the fund and presumably represent the strongest current holdings of the index. I recently encountered an opinion this fund will not perform very well over time given the high payout ratios of its holdings. Of course, index ETFs change their holdings from time to time given their design. I did however find the criticism to be valid. I wanted to share some easy information regarding this metric so others can make their decisions. + +I usually find Seeking Alpha to be a good screener of information regarding dividend stocks, so I used that screener. These are, however, ex-US securities, and I have found there are sometimes multiples versions of the same stock which I cannot differentiate given the information provided by the fund. Some may be common stock and others debt instruments. I am not sure since I am not familiar with the ex-US nomenclature, but I did report on the versions I could find. + +I begin with the largest holdings and report down the list. The metrics may be reported differently by other screeners. This is purely for your information and our sub's discussion purposes. As we know the expected yield of the index fund is around 4% annually. + +The percentages below are not yields. They are reported payout ratios. + +**Deutsche Post AG:** payout ratio between 72.70% to 81.59%. The company shows up as DPSGY and DPSTF. At the moment I can't tell which particular security SCHY is going for. Even this payout ratio may not be correct if you look at other websites as the company aims for a lower payout ratio than this per company guidance. + +**Unilever PLC:** Under the ticker UL, the payout ratio appears to be 48.12%. Under UNLYF it is 64.36%. + + **BHP Group:** 82.48% payout ratio. Under BHPBF it is 87.14%. Under BHPLF it is 73.34%. + +**Sanofi SA:** 33.68% payout ratio. SNYNF is 33.65%. + +**GlaxoSmithKline PLC:** 93.81%. GLAXF reports as 69.45%. No matter the case, this is high. + +**Enel SpA:** 133.90%. ESOCF reports as 137.09%. This ratio suggests heavy cuts are due in the future; however it should be noted most European companies do not aim to have their dividend charts outpace something like Social Security. They general share profits where they can. I don't expect this company to remain in the fund after reconstitution unless its conditions improve. + +**Roche Holding AG:** 46.60%. RHHBF reports as 51.95%. + +**British America Tobacco PLC:** 66.61%. BTAFF reports as 73.13%. + +**Wesfarmers Limited:** WFAFY reports as 53.14%. WFAFF does not report a dividend at all. + +**Toronto-Dominion Bank:** 44.94% payout ratio. I frankly do not know why this company is not higher in the top holdings given its smooth upward ride of real dividends paid. I don't hold any Canadian bank shares but they are well regarded in the dividend focused community for a reason. + +For the rest of the fund it looks to focus on one or two companies within a developed or mostly developed country. Russia, Saudi Arabia, etc.. No comment on those right now since the proportion is so low yet so broad. + +Based on this simple exercise, it does appear most of the top holdings do not have much room to grow their dividends. That said, ex-US companies tend to think of dividends more as annual profit sharing rather than required YoY dividend growth. That may, counter-intuitively, present an opportunity for the fund to outperform given reinvestment over time. + +The concern over "payout ratios" may indeed be a uniquely American concern--we cannot stand real dividend cuts, as our stock market is always in steep competition with our normal socialized retirement program, whereas investors abroad may not even think of temporarily lowered, always irregular annual dividends as a "cut" at all. + +I'd appreciate any discussion on the topic. There is always room to learn. I do think this is going to be a great international fund in comparison to other international funds for people who want to make some money without high risk exposure (think small cap developing world). + +Ex-US companies that can pay dividends for many years in a row likely represent the "great companies" of the world. Paying dividends is not easy for the vast majority of companies. It represents sheer profitability most of the time, even if you only participate in a small share of the profits. + +That does not mean it will be an outperforming fund relative to what many of us can choose instead despite its outperformance as an underlying index since covid reared its head. US equities may still be positioned better than any international fund. Who knows, in the long run? +**[JPMorgan Chase & Co Snapshot:](https://imgur.com/7OhCTxK)** + +**Introduction:** *Dividend DD with a slight twist* + +JPMorgan Chase & Co + +Ticker: **JPM** + +Financial | Banks - Diversified | USA + +P/E: **9.52** + +Buffett Purchasing Range: **$146.17 - $160.78** + +Morningstar Economic Moat: **WIDE** + +Dividend Yield: **3.37%** + +12 Year Dividend Growth Rate: **12.46%** + +Consecutive Years of Dividend Payments: **50** + +Shareholder Yield: **6.86%** + +Amount of capital dedicated to share buybacks and dividends in the trailing twelve months: **$23,897,000,000** + +______ + +Yesterday I posted about Bank of America and it spurred discussion on BAC vs JPM. After further review it does appear JPM is the "cheaper" option and has a stronger dividend. JPM also boasts stronger net income and free cash flow growth along with higher multiples in ROIC, ROE, and ROA (Since JPM and BAC do not have directly the same business models these multiples should be taken with a grain of salt). Alternatively, BAC has a more aggressive buyback program as JPM just announced the suspension of buybacks. BAC as a result has a higher overall shareholder yield. + +**About:** + +JPMorgan Chase & Co. operates as a financial services company worldwide. It operates through four segments: Consumer & Community Banking (CCB), Corporate & Investment Bank (CIB), Commercial Banking (CB), and Asset & Wealth Management (AWM). + +The CCB segment offers s deposit, investment and lending products, payments, and services to consumers. + +The CIB segment provides investment banking products and services, including corporate strategy and structure advisory, and equity and debt markets capital-raising services, as well as loan origination and syndication. + +The CB segment provides financial solutions, including lending, payments, investment banking, and asset management to small business, large and midsized companies, local governments, and nonprofit clients + +The AWM segment offers multi-asset investment management solutions in equities, fixed income, alternatives, and money market funds to institutional clients and retail investors. + +As of December 31st 2021, JPMorgan Chase & Co has $3.11 Trillion assets under management. + +**The Buffett purchase range** + +This general rule of thumb is rooted from an answer Warren Buffett gave when asked about valuing potential investments. Specifically, Buffett stated: + +> “Geico would be valued differently than Gen RE and other insurance businesses because it’s rational to assume a large underwriting profit and significant growth. You cannot say that about many insurance businesses. I would love to buy a new bunch of operating businesses with similar competitive positions to the ones we own now at **nine to ten times pretax earnings**.” + +Although Buffett's answer was in reference to insurance companies Berkshire has a consistent record of purchasing high quality companies within this range (AAPL, WFC, KO, BNI, etc.). Don't fight the Oracle. + +**Shareholder Yield** + +After reviewing Epoch Investment Partners’ William Priest in his 2005 paper entitled, “The Case for Shareholder Yield as a Dominant Driver of Future Equity Returns” I thought it would be interesting to expand my own investment thesis to find corporations that have more of a symbiotic relationship with it's shareholders. The shareholders yield presented is different than the original calculation used in the 2005 report. The original calculation includes dividends, share buybacks, and debt reduction as direct compensation back to shareholders. However, I have omitted the debt reduction. My logic in doing so is that debt reduction is not as tangible of a return of capital to shareholders as buybacks or dividends are. + +In the spirit of full transparency here is the full excerpt from the original paper on the addition to debt reduction. + +> "Debt reduction also creates shareholder value, but the means by which this is achieved is slightly more subtle. To understand why paying down debt results in shareholder yield, it is helpful to consider the famous finance paper by Franco Modigliani and Merton Miller. These two Nobel laureates proved that a firm’s value is independent of how it is financed, provided that one ignores the tax effect of debt interest. If Modigliani and Miller are correct, then using free cash flow to repay debt results in a wealth transfer from the debtor to the shareholder. Since the value of the firm remains the same, shareholder wealth is increased as debt is reduced." + +I may revisit this variable in the future. + +The 10 year projection simply shows the growth and compounding effect that high quality dividends and share buybacks have over a period of time. The asterisks is that share buybacks do not always have a constant capital appreciation effect. The macro environment, public perception of the company, and general business execution can all reduce the capital appreciation effects buybacks will have. + +**Thanks for coming to my TedTalk** + +**Previous DD** + +[Bank of America (BAC)](https://www.reddit.com/r/dividends/comments/wss721/thoughts_on_bank_of_america/?ref=share&ref_source=link) +A relative is selling a 3BR 2 bath with an ADU at the back of the house for 650k here in the Bay Area. The house was built in 1946, functional but have a lot of repairs to be made: wiring, plumbing, new flooring, new paint, etc..My plan is to eventually rent out the 1BR/ 1bath ADU in the back and to live in the 3BR house in the front, rent out the one room to a traveler or Perdiem nurse coworker later after I’ve renovated the house. The house is also very convenient to me because it’s only 5mins away from my work and my HS daughter’s school. My questions are: as first time homebuyer, is it worth to buy the house right now? Am I even eligible for a mortgage loan for this type of property? And is the asking price high or just enough right now at the current RE market? Or should I just wait a year to buy a house? + +[3BR 2Bath with 1BR ADU] + +https://imgur.com/gallery/xGrjS6S +Assembly Bill 1482 was signed into law yesterday (10/8/19) by Governor Newsom. Basically, here is a quick breakdown of it for anyone not aware. + +\- Law is effective 1/1/2020 but also rolls back to 3/15/2019 (meaning if you raised rent 10% within the last 7 months...you need to correct it or will be liable for damages). + +\- This law effects ANY property in an LLC / Corporation (if a SFR is in an LLC...it is effected) AND effects properties that are 2 or more units (2+ unit properties even if they are NOT in an LLC/Corp). + +\- Every tenant, in a property affected by this law, must be sent a 'rent cap and just cause eviction' addendum created by C.A.R. come 1/1/2020. For any new leases after 7/1/2020, the C.A.R. addendum 'rent cap and just cause eviction' is considered 'best practice' to be attached with the lease contract. + +(As pointed out by /aardy, this is likely not a document accessable to the public. Don't know how this will be implemented) + +\- If a property is exempt from the new law, a notice is required to be given to the tenant. If the exempt notification is not provided...then the property/owner is not exempt from the new law. + +\- Properties effected by this law have a rent cap of 5% over CPI (Consumer Price Index). Owners cannot legally raise rent more than 5% + CPI annually. Owners can not raise rent more than once a year...even if the initial rent increase is below 5% + CPI. + +\- Tenants living in properties effected by this law are under 'just cause eviction' + +\- Owners cannot terminate tenancy 'at will' and must pay a relocation fee to remove a paying and 'just' tenant. This means paying the tenant 1 month's rent, or forgo the last month of rent from the tenant. If you are to pay the tenant, it must be within 15 days of notice. If the Owner is not paying the tenant but forgoing last month's rent, then they must notify the tenant in writing of this. +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! + +Here's the link: https://ethlots.com/ + +Feel free to ask us questions or comment. Here's a link to the contract to verify: https://etherscan.io/address/0xca30a6938d8a2c70c547a694755bf6d81e04b2ea#code +I have 18 credit cards which an overwhelming majority are and have been at a zero balance. I get them for bonuses and specific deals when need be and then just never use them again. I have a mortgage and 2 car payments. Revolving utilization is at a steady 5-15 percent. I only use a couple of them frequently and have them set to pay balance every statement. A couple I have them for special 24-48 month special 0 percent financing so that where I carry a balance. Credit score hovers around 775-800. + +Is there any reason to not close cards? How do I get my score into the mid 800's? I honestly don't envision anything in the near future that would require me to have a perfect score but you never know. +Can of black beans, drained/rinsed + +Can of pinto beans, drained/rinsed + +Can of corn, drained + +Can of petite diced tomatoes, drained + +(Optional) can of chicken, drained + +Can of green enchilada sauce + +Can of cream of chicken soup + +Can of chicken broth + +Packet of taco seasoning + +Put that all together and warm it up! + +Feeds 4. +With the downgrades of three key Reliance ADAG group companies, the debt problems that were till now centred on debt funds and fixed maturity plans are now spreading to hybrid funds as well, in turn affecting retail investors more. Hybrid funds, known as balanced funds earlier, invest in a combination of equity and debt assets. + +Among the funds exposed to the downgraded companies—Reliance Capital Ltd, Reliance Home Finance Ltd and Reliance Commercial Finance Ltd—three hybrid schemes of Reliance Nippon Asset Management Ltd feature prominently on account of their category, size and exposure level. These are Reliance Equity Hybrid Fund, Reliance Equity Savings Fund and Reliance Hybrid Bond Fund. + +According to portfolio data as of 31 March 2019, the three schemes have cumulative exposures to the three companies—of 5-6% of the scheme assets or roughly ₹900 crore. + +“Reliance will most probably write off investments in the downgraded companies or take a haircut. The financial health of the ADAG Group has been precarious for a long time. In a hybrid fund, the debt component is there for stability, not returns. Fund managers should not be taking risky bets with the debt portion of hybrid funds," said Suresh Sadagopan, founder, Ladder7 Financial Advisories, a financial planning firm. + +[*Livemint*](https://www.livemint.com/mutual-fund/mf-news/debt-market-crisis-spreads-to-hybrid-mutual-fund-investors-1556720391370.html) +I thought of sharing email sent by Sanjay Sapre (FT) about *"Clarification on media reports about their funds" .* + +> Dear Investor, +> +>I am personally writing to you today, to address some immediate concerns created by some well-intentioned but factually incorrect reporting across various media channels. Let me provide some clarifications point by point: + +> +> **1: Reported: Winding up of the schemes means that my money is lost** + +> +>**Fact:** This is factually incorrect. We have communicated the reasons and market circumstances that led us to take this extremely difficult decision which was taken purely to protect value for our investors. As the schemes liquidate portfolio holdings subject to market conditions, receive coupon payments and scheduled maturities, the Trustees will start to return monies to investors at the earliest instance in compliance with regulation 41(2)(b) of SEBI (Mutual Fund) Regulations 1996. + +> +>**2: Reported: The schemes invested in risky, unrated papers** + +> +>**Fact:** The schemes followed a consistent investment strategy of investing in investment grade papers across the credit rating spectrum, that is to say, from AAA through to A rated papers. This strategy served the schemes and its investors well till recent times. The schemes were able to generate significant cash flows even during the last 6 months which were more turbulent times for the credit markets. For example, the schemes were able to generate significant cash from the portfolio holdings, a majority of that from papers rated AA and below. + +> +>**3: Reported: The liquidity problem is not related to the Covid-19 pandemic** + +> +>**Fact:** These schemes followed a consistent strategy of investing across the credit rating spectrum and have done so for many years, and across multiple market cycles. The schemes have been able to manage through these cycles and provide daily liquidity. Many of these schemes have been in existence for more than 10 years with a similar strategy. The current Covid-19 pandemic created a severe market dislocation particularly for the types of investments that these schemes hold, though the issue of lack of risk appetite, reduced volumes and illiquidity for corporate bonds was a broader market issue. The inability of the schemes to meet daily redemptions was a direct result of the market situation created by the COVID- 19 pandemic as well as the extended lock-down. + +> +>**4: Reported: The schemes will not be able to return investor monies for an extended period of time** + +> +>**Fact :** Each /scheme has its own maturity profile and in general, shorter duration schemes will be able to return monies to investors faster. The schemes will receive regular coupon payments and maturities. In addition, the schemes will explore all opportunities to monetize the underlying assets in the portfolio, without resorting to any distress sales, such that it can return investor monies at the earliest possible time. It will be the endeavor of the schemes to return these monies well in advance of the maturity dates of the underlying securities. + +> +>**5: Reported: We should be redeeming our monies from all other Franklin Templeton schemes as these could also be wound up** + +> +>**Fact :** The decision to wind up our suite of six yield-oriented schemes was an extremely difficult one and taken only to protect investor interest. It was not a situation in which we hoped to find ourselves. We also recognize this has impacted liquidity for our investors but was necessary in order to preserve value for our unitholders. + +> +>Our other fixed income schemes which are open for subscription and redemption, primarily invest in highly liquid securities such as Government Securities, AAA rated bonds or other cash and cash equivalents. These portfolios have the necessary ability to generate liquidity in order to meet redemptions. We have already generated a significant amount of liquidity in these portfolios to meet any redemption requests we may receive. + +> +>Our equity schemes remain unaffected and continue to be managed by our experienced and tenured team based in Chennai in line with their investment mandate and fund management philosophy. + +> +>**6: Reported: Franklin Templeton is winding up its business in India** + +> +>**Fact :** Franklin Templeton has been an early and patient investor in India. We have worked to build a long-term business in India over our 25+ year history here. This is also reinforced by the fact that over 33% of our global workforce is based in India. As affirmed by our global CEO, Jenny Johnson, Franklin Templeton’s commitment to India remains steadfast. We are committed to doing all we can to return monies in the schemes that are wound up at the earliest to investors, and to regain your trust in our brand. + +> +>This extraordinarily difficult decision to close six of our schemes in a category that we helped create, was taken as it was the only viable option to preserve value for our investors in the current unprecedented environment. + +> +>I hope this note serves to bring you some comfort regarding your investments with Franklin Templeton, whether in the schemes that are wound up, or in our other schemes that continue to be open for subscriptions and redemptions. + +> +>I remain committed to bringing you regular updates to help answer your most urgent and important queries. + +> +>In case you need any further assistance, please feel free to call our dedicated helpline at 1-800-258-4255 or 1-800-425-4255 from 8 a.m. to 9 p.m., Monday to Saturday. Alternatively, you can also e-mail us at [service@franklintempleton.com](mailto:service@franklintempleton.com). We will be happy to talk to you. + +> +>Thank you. + +> +>Sincerely, + +> +>**Sanjay Sapre** +**President** +**Franklin Templeton Asset Management (India) Pvt. Ltd.** +I recently landed a job that has a decent 401k contribution rate and would like to start investing in that. But with everyone's 401k down the drain, is it a good time to invest? Is it like stocks? Buy low sell high? + +Edit: I'm already contributing to a ROTH IRA, as previous employers rate was less than 10%. Now my new job has a contribution of 75% up to 4% per check, making it feasible for me now. +Things have been so much tighter while my partner is gone for the summer. And while he can help out a little, he still can't completely pay his half of the bills. Which is what we agreed to initially. Him not paying because his course in the summer beats the students down. + +However money has been so tight. I thought I budgeted out well, but I'm living paycheck to paycheck (not really new) with NO wiggle room (new). + +I spent my last like $20 last night grabbing myself chicken and grabbing my lizard what he needs. Fruits, veggies. And went a little more out of pocket to grab him his crickets and protein too. + +And then I woke up this morning and realized I forgot to put away the chicken. I have no money, very little food and this is just getting harder. +In light of recent events, I’ve been interested in understanding how one can justify the involvement of well-established funds in various NFT/crypto-related ventures, e.g. NFT gaming apps with minuscule user bases and little to no global visibility raising hundreds of millions after 1 or 2 years of “activity”. Is it greed? Wishful thinking? Money laundering? Tax evasion? Please enlighten me! +[https://www.rba.gov.au/media-releases/2022/mr-22-02.html](https://www.rba.gov.au/media-releases/2022/mr-22-02.html) + +TLDR: "At its meeting today, the Board decided to maintain the cash rate target at 10 basis points and the interest rate on Exchange Settlement balances at zero per cent. It also decided to cease further purchases under the bond purchase program, with the final purchases to take place on 10 February." +I bought back in but now only own 60% of my previous stack (could've made it 70% but I also reclaimed ~85% of my total fiat investment up to now). + +TL;DR - decided to hodl when I was up 1300+% in June and panic sold for ~450% gains. Wife is apalled at me, I'm apalled at me, you should all be apalled at me. C'est la vie. +I'm not sure about the rest of you, but I'm tired of seeing hundreds of posts about the same exact bullshit, pretty much several times a week: "ZOMG BTC JUST HIT ALL TAIM HAI <next number in a sequence of never-ending numbers> HODLORRR HODLORRR HODLOR HODOR!!!11" + +Yes. The currency will rise in value. This is guaranteed to happen for probably a *long fucking time*, so unless we're hitting serious benchmarks (e.g. $10k, $20k, $30k, $50k, etc.), I think we should start purging these garbage posts which only exist to cause the rest of us to miss the actual informative and intelligent posts we're looking for. + +Call me salty, but I've been purchasing/investing in BTC for over 6 years. I'm glad the currency has caught on, but this once-useful subreddit has slowly lost it's worth with this new wave of uninformed investors. The administrative leniency to allow non-stop karma-seeking posts like "I just bought my first 0.0001 BTC!" or "2 DA MOOON ROLLERCOASTER GUY!" has become a blight on the **most significant** financial reconstruction and **very first** *actual* decentralization of currency since man started trading. Let the implications of this incredibly massive achievement sink in for a moment, and realize it's significance. Understand where this is headed, and how it will become a catalyst in many changes to come. We need to stop making a joke of this enormous paradigm shift if we want the world to take it seriously. + +Admins: tighten up the rules and give us the opportunity to find posts of actual value. We all know there is an even bigger tidal wave headed our way, and this subreddit is on the verge of becoming a shitshow. + +/endrant +So according to a few posts I've seen today, the last FTD buy-in date was 5/25. I remember during the last FTD cycle some of the wrinkle brains concluded that T+21 (trading days) isn't actually a thing. Instead, the major jumps have been on T+35 (calendar days). + +It seems like everyone accepted this as accurate last month but this week we all forgot and everyone's been hyping up T+21 again. While it's possible that we haven't seen movement because the hedgies are delaying covering as long as possible, what if we were just expecting something to happen on the wrong date? + +I get why we like T+21 (It's the highest number I can count up to when naked!), but I remember reading some seriously good DD on why T+35 is actually where it's at. + +So I pulled out my calendar and my abacus tonight, and guess what! After some serious counting, I've concluded that today 6/29 is T+35 from the last jump on 5/25! Woo! + +TA;DR - Buy, Hodl & Buckle Up! We may see some fun upward movement today! + +If not, there's always tomorrow! 🚀🚀🚀 + +Edit: Welp. Just sideways movement today guys. So I guess my premise was wrong even though my counting was right. + +Thanks to everyone who awarded (anonymous all-seeing eye!) and commented on my post though. I still think this is something worth getting to the bottom of and there was some great discussion in the comments. + +u/Challenge_The_DM pointed out that the run-up earlier this month may have been caused by shorts covering their FTD's early in order to throw us off. They now know that we know and don't want us catching on to their sneaky ways. If this is the case, that would reset the T+35 cycle and would put the forced covering date around 7/14! Vive la révolution! + +A few users were confused about T+35 and whether it's trade days or calendar days. Thanks to u/ScrotyMcBoogrballs for pointing out this line from the SEC's website on FTD's: + +https://www.sec.gov/investor/pubs/regsho.htm + +"Rule 204 provides an extended period of time to close out certain failures to deliver. Specifically, if a failure to deliver position results from the sale of a security that a person is deemed to own and that such person intends to deliver as soon as all restrictions on delivery have been removed, the firm has up to 35 calendar days following the trade date to close out the failure to deliver position by purchasing securities of like kind and quantity." + +Juneteenth, weekends or other holidays wouldn't affect the 35 calendar day count. + +Most importantly, I think, u/DoubleSunday307 pointed out something crucial. If we use all our limbs and orifices, we can all count up to 35 while naked! Win! + +Lastly, I didn't mean this post as FUD or to imply that the MOASS was going to start today. It's simply fun to try to stay one step ahead of the hedgies and try to get a glimpse of what lies behind the curtain. + +Let's go! + +Edit 2: Our very own T+35 guy, u/dentisttft commented and noted that there weren't very many FTD's that needed to be covered today. He said there are actually some FTD's that have to be covered on Thursday so we may see some upward movement then. +Get ready ladyapes and gentlemen apes. Yesterday there was a post featuring a Steve Bannon quote. Just now, there was a post which included a reference from a 9/11 illuminati Conspiracy theory. The new fud tactic is going to submit despicable content to make the movement look insane. The shorts know that we are going to have new people looking in soon, and want them repelled. Stay vigilant and report the fud. +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! + +##PREFACE +This post is about [**BlackRock**](https://i.imgur.com/EHtH9nB.jpg) and how I believe they're involved in the Gamestop saga. I'm a simple man with few wrinkles, if you had asked me what a call option was last year I would have assumed you were talking about the automated choices you get on some robotic phone lines, so yeah this may come across as childish and naive. I'll be mostly just looking at 13F documents to look for patterns and to try and build a picture of events as they unfolded. I've read many posts about BlackRock but I've yet to see one post that ties everything together [**like I see it in my head**](https://i.imgur.com/7OvFsrl.jpg). + +Please note I don't come to any definite conclusions here, this is just my opinion and it's definitely not financial advice. I also didn't know Reddit posts had a 40k character limit so this is posted in 3 parts. [**Yeah it's big**](https://i.imgur.com/eqMXsM8.jpg), but I've tried to break it down into sections to make it easier to take in. + +*** +*** + +##TOO APE, DIDN'T READ: +BlackRock might be a force for good, but too soon to tell. + +*** +*** + +##TLDR: + +*(This is as short as I can make this)* + +- BlackRock is run by Larry Fink who debatably knows Wallstreet better than anyone else and he seems to be on a mission to clean things up. + +- BlackRock built one of the greatest market risk detection systems on the planet called Aladdin so Fink clearly knows what's happening with Gamestop. + +- I tracked GME institutional ownership back to March 2017 and found GME was getting shorted as far back as that. + +- BlackRock was [**willing to accept US Treasury bonds as collateral**](https://i.imgur.com/IeRVj8G.png) in share lending (possibly the only company to do so), and from Atobitt's everything short we know Shitadel had easy access to UST bonds. This implies BlackRock gave Shitadel a cheap way to start shorting GME. + +- BlackRock had held millions of GME for years and then sold shares in bulk at 2 points; when Gamestop needed shares for a stock buyback and when RC wanted to buy shares, both times BlackRock seemingly sold at a big loss. This seems like BlackRock was doing both parties a favor. + +- Fidelity and Dimensional Fund Advisors had also lent out GME for years, they then decided to sell all of their GME shares in Q1 2021, to do this they first had to recall the shares and I believe this caused the January squeeze, due to their shares having been rehypothecated for 4 years. + +- It wasn't only Gamestop where Fidelity sold shares, they sold their entire supply of 21 other stocks which all squeezed in Jan, so I think Fidelity caused these squeezes too. + +- I then looked at the 2020 market crash and [**BlackRock went into this without buying puts to protect themselves like they had done during previous crashes**](https://i.imgur.com/XuoZ0Ik.png), they also sold $ hundreds of billions worth of stock and then bought right back into the exact same positions mere weeks later. To me it seems BlackRock (possibly with the help of Vanguard) helped crash the markets so they could get the [**SLR**](https://www.risk.net/definition/supplementary-leverage-ratio-slr) (leverage) rule relaxed. This rule change meant the shorts could go even harder on their short positions thanks to banks having easier access to US Treasury bonds. + +- BlackRock made it easy for the shorts to borrow shares, then made it easier for shorting to happen during the pandemic and they sold GME to Gamestop and RC when they both needed them (at great cost to themselves). It just seems to me that BlackRock laid out a long trap over the past 4 years to hurt the shorts and cause the MOASS. Fidelity and Vanguard may have had a hand in this too; Fidelity also sold to Gamestop during the stock buyback and then caused all the squeezes in Jan, and Vanguard pretty much copied BlackRock's actions during the 2020 crash which led to the SLR rule change. Why did they do all this? Partially for self-interest, BlackRock & Vanguard have increased their positions in a lot of heavily shorted stock so will benefit from the many imminent squeezes (I'm eagerly awaiting the next 13F documents to see how their holdings look now). I also think they enabled the MOASS for the reason below: + +- My opinion is that BlackRock et al wanted to crash the markets so they can be rebuilt with sustainability in mind. [**BlackRock is apparently the key to redistributing $120 trillion worth of investment into sustainable companies**](https://uk.finance.yahoo.com/news/great-reset-blackrock-fueling-120-210000214.html), and I believe this will happen during and after the MOASS; BlackRock will pull out of any non-eco-friendly companies and push money into eco-friendly ones. + +- Larry Fink has been urging CEOs to release ESG data for their companies, ESG stands for Environmental, Societal and Governance and it measures non-financial factors like pollution, deforestation, gender and diversity policies, bribery and corruption, lobbying, executive compensation and many more points showing how "good" companies are at their core. I believe post MOASS high scoring ESG companies will boom while the others will dwindle. + +- Gary Gensler has also started pushing hard for ESG data to be released, implying this concept is accepted by the US government too. + +- The Great Reset is a term relating to sustainability and meeting net zero targets, it started getting used during the pandemic with the idea of "building back better" but so far, there's been very little done towards this so far. + +- The government has been quiet about the Great Reset, but John Kerry (currently serving as the first United States Special Presidential Envoy for Climate) said last year that the government will support the Great Reset and that the Great Reset "will happen with greater speed and with greater intensity than a lot of people might imagine" call me a tinfoil hat, but that sounds like a reference to the MOASS to me. + +- Finally I looked at how the DTCC have been working on [**Project Ion**](https://www.dtcc.com/~/media/Files/Downloads/settlement-asset-services/user-documentation/project-ION-paper-2020.pdf) and [**Project Whitney**](https://www.dtcc.com/~/media/Files/Downloads/settlement-asset-services/user-documentation/Project-Whitney-Paper.pdf) for the past 6 years, both of these are about digitizing securities to be traded on blockchain, particularly Ethereum (sound familiar?) + +- The SEC recently just happened to bring on a crypto expert (Gary Gensler) as their Chair around this time. + +- Additionally 45 different countries are currently researching CBDCs (central bank digital currencies) and the Federal Reserve is looking into a digital dollar too, which may come out with the arrival of a new crypto stock market. + +- The DTCC's own papers say that a point of resistance for a new digitized system is fighting the status quo and not fixing what isn't broken. Cue the MOASS. This will decimate the markets leaving a perfect opportunity for a new blockchain based stock exchange where the digital dollar can be introduced too. + +- Gamestop's crypto announcement could well be one of the first companies to trade on this new system. + +- Overall I believe there's been a 4 year plan in motion to crash the markets to the point they can be rebuilt from the bottom up. BlackRock might have enabled this, but Shitadel & Co were the perfect stooges to demonstrate just how badly the current system can be abused and why change is needed. + +- Finally there seems to have been a FUD campaign against BlackRock and the concept of the Great Reset, almost as if Shitadel is pissed off all of this is happening and they're now spreading FUD about these things just like with Gamestop. + +- I honestly believe that our buying and holding isn't just yielding us tendies, but that we're part of the greatest revolution ever that will help fight climate change and weed out corruption. + +*** +*** + +##HONORABLE MENTIONS: + +*(in alphabetical order)* + +- **/u/Atobitt** (the maestro himself) wrote [**The Everything Short**](https://reddit.com/r/GME/comments/mgucv2/the_everything_short/) which I'll explore in Section 5. + +- **/u/BarTPL0** wrote [**this post**](https://old.reddit.com/r/Superstonk/comments/mysvq9/dtcc_anticipates_completion_of_prototype/), the only one I've seen on Superstonk which mentions Project Ion, I'll mention this in Section 9. + +- **/u/Bladeace** wrote a post called [**'The NYSE threshold list: collapsing shorts and launching the MOASS'**](https://reddit.com/r/Superstonk/comments/oao9oo/the_nyse_threshold_list_collapsing_shorts_and/) which I'll look at in section 4. + +- **/u/BurnieSlander** wrote [**The Matrix is Everywhere. A Quant DD**](https://reddit.com/r/Superstonk/comments/nzajpv/the_matrix_is_everywhere_a_quant_dd/) which I'll touch on in Section 5. + +- **/u/Criand** has more wrinkles than a pruned avocado and I could read his posts all day long, but I'll just be looking at his [**The Bigger Short**](https://reddit.com/r/Superstonk/comments/o0scoy/the_bigger_short_how_2008_is_repeating_at_a_much/) post in Section 7. + +- **/u/Get-It-Got** wrote [**this post**](https://www.reddit.com/r/Superstonk/comments/ns7k6q/could_gamestops_liftoff_unravel_corporate_junk/?utm_source=reddit&utm_medium=usertext&context=3&utm_name=Superstonk&utm_content=t1_h1lw3ow) on HYG — IShares IBOXX $ High Yield Corporate Bond ETF, which I'll touch on Section 6. + +- **/u/--GrinAndBearIt--** made [**this post**](https://reddit.com/r/Superstonk/comments/ms4syp/blackrock_currently_has_3_exmember_inside_the/) which I'll look at in Section 8. + +- **/u/hell-mitc** wrote [**this post**](https://reddit.com/r/Superstonk/comments/mrstka/its_just_a_bug_bro_part_4_it_has_to_be_a_fucking/), if you're reading this I hope I can put your mind at ease in Section 7. + +- **/u/ringingbells** made [**this meme post**](https://www.reddit.com/r/Superstonk/comments/oizcqz/an_actual_unpopular_opinion/) which I'll address in Section 5. + +- **/u/SamBradfordSuperFan** recently wrote [**this post**](https://reddit.com/r/Superstonk/comments/okjctq/explaining_the_gme_token_it_has_launched_the/) explaining elements of Gamestop's crypto token and how there's a need to wait for Ethereum update EIP 1559. I'll look at this in Section 9. + +- **Special thanks to /u/variousred** who proof read this post, offered suggestions and helped make me feel this wasn't all just a load of rubbish. + +*** +*** + +##TOPICS WE'LL BE COVERING + +🔹🔹🔹(**PART 1**)🔹🔹🔹 + +##1. WHAT IS BLACKROCK? + +##2. LARRY FINK + +##3. ALADDIN + +##4. GME INSTITUTIONAL OWNERSHIP + +🔹🔹🔹(**PART 2**)🔹🔹🔹 + +##5. SHARE LENDING + +##6. BLACKROCK'S EXPOSURE + +##7. THE 2020 CRASH + +🔹🔹🔹(**PART 3**)🔹🔹🔹 + +##8. THE GREAT RESET + +##9. CRYPTO MARKETS + +##10. NEGATIVE SENTIMENT + +##11. CONCLUSION +*** +*** + +*If you already know a decent amount about BlackRock and Aladdin then feel free to start at section 4.* + +Otherwise buckle up and let's get on with this! + +*** +*** + +##1. WHAT IS BLACKROCK? +- BlackRock (BR) is a massive international investment company that's been around since 1988. They have $9 trillion in assets under management (according to latest 2021 figures) and they use the money from investors to buy assets, such as shares, exchange-traded funds (ETFs), bonds, real estate etc. + +- They charge fees for their services and their investors are typically very wealthy. They take a strategic approach offering bespoke portfolios based on the needs of individual customers. Just like Fidelity, BlackRock is very customer oriented and while their main goal is to make money for their clients, they do this is a controlled and measured way aiming to maximize returns while minimizing risk. + +- Hedge funds differ from the above approach in that they use high-risk investment strategies in the hopes of getting massive returns. A favourite hedge fund tactic is obviously naked shorting, which is highly profitable when it works (tee-hee). I'm gonna be blunt here and assume if you're investing with Shitadel, you don't really get a choice where your money is used. BlackRock is starting to offer portfolios which contain only eco-friendly companies, but I imagine with Shitadel your money just gets dumped in a big pot to be used for shorting or investing in mayo. + +- BR manages about $1 trillion of pension and retirement funds for millions of Americans, which shows just how many large investors trust BlackRock. Their stock portfolio currently shows over 5k companies with a combined value of $3.4 trillion and they own over 10% of equity in hundreds of large companies (Gamestop included). + +- **Did you know that as of 2021 BlackRock is no longer the largest asset manager in terms of assets under management? The new top dog is:** >![**Fidelity with $10.4 trillion in AUM**](https://i.imgur.com/LbdqeTc.png)!< + +- If you search "BlackRock controversial" you'll get hundreds of horrible sounding points which on face value may make you not want to trust a company like this. I will be addressing a lot of these in this post *but* my goal here isn't to convert you to trust BlackRock or even to like Larry Fink who runs it, only to educate you on some points you may not know. + +**SUMMARY:** BlackRock is a huge investment company managing trillions of dollars of investment. + +*** +*** + +##2. LARRY FINK (the man in charge) +- Mr Larry Fink is a 68 year old gentleman who started working on Wall Street when he was 23. He's built himself up to be one of the most powerful men in the US, but he seemingly prefers to stay out of the spotlight. I bet a lot of you reading this have never even heard his name before (I certainly hadn't until recently). + +- Fink founded BlackRock in 1988 with the help of some others. Vanity Fair wrote a pretty **in depth piece on Fink which you can** [**find here**](https://www.vanityfair.com/news/2010/04/fink-201004), that's definitely worth a read if you get the chance, I will be pulling a lot of bits out of that article but I probably won't do his full background justice + +- Fink studied real-estate finance and later received offers from top investment banks. He chose First Boston and worked trading bonds and later with mortgage-backed securities. Over the next decade he built a name for himself and **helped develop the multi-trillion-dollar debt-securitization market** that transformed the face of finance. Unfortunately this later helped bring the economy to its knees in the 2008 crisis, but inherently it was a good innovation and initially made housing more affordable and made money for his company. + +- Over time he helped make $1 billion for First Boston and many believed that he would eventually go on to run the firm, but **unfortunately in the second quarter of 1986 his department lost $100 million**. Almost overnight, Fink says, he went “from a star to a jerk.” People stopped talking to him in the hallways; he was ostracized. + +- "It was very painful," Fink recalls. "I was not treated as a partner or with the dignity that I expected. Relationships changed and that was difficult for me to handle," he says. "As a result," during the two years before he left First Boston, "I was losing my self-confidence." Leaving was very difficult. "I loved First Boston," he says. Even now, 22 years later, he is visibly upset remembering the time, gripping his chair so tightly his knuckles are white. Fink says he didn’t know what to do next; all that was certain was that he was tired of Wall Street—of the way it treated people, its employees and its clients. + +- He says **he lost money at First Boston because no one really understood the risks involved**. The computer systems were inadequate, and so were the programs that measured the impact of key variables such as changes in interest rates. "We built this giant machine, and it was making a lot of money—until it didn’t," Fink says. "We didn’t know why we were making so much money. We didn’t have the risk tools to understand that risk. It’s what I tell everybody today: you should analyze your portfolio just as much when you are making money, because you could be taking on too much risk". Seared by his fall from grace at First Boston, **Fink vowed never again to be in a position where he did not fully understand the risks he was taking in the market**. + +- Fink went on to form BlackRock in 1988 and operated within Blackstone (not his company), he was given a $5m line of credit and turned this into $20b over the next 5 years. He had a disagreement with a partner over control of the funds and he split off from Blackstone to run BlackRock by himself, his company boomed and went on to become the largest asset management company on the planet. + +- Many CEOs began turning to Fink for advice and during the 2008 crash the then chairman of the New York Fed called Fink personally for help in managing the $30 billion of toxic assets that the Fed took over. During the crash itself all funds across the market were hemorrhaging billions, and **Fink said that the government needed to step in and guarantee them before the credit market collapsed, which the Treasury Department did within hours of Fink’s call**. + +- If I understand that point correctly, **Fink is the one that made the 2008 bailout happen**. Imagine the power involved where someone can suggest to the government that they spend over half a trillion $ to halt a crash, and having that happen within hours. + +- It is hard to understand Fink as a person unless you spend time watching him in interviews and reading tons of background on him, but [**here's some character testimonials**](https://i.imgur.com/4zRlIG7.png) from the above article if you haven't read them already. + +- I want to finish this section by talking about one of BlackRock's biggest financial mistakes, the iconic Manhattan housing complex Stuyvesant Town and Peter Cooper Village. This deal cost $5.4 billion and went into default very quickly. Investors who bought equity in the deal also lost their money, including the $200 billion California Pension and Retirement System (calpers), the nation’s largest pension fund, which effectively lost $500 million. + +> At the mention of these blunders, Fink, who has been sprawled in his chair, suddenly stiffens. His voice takes on a harsh tone that is leavened only by his visible anxiety. **“When you manage money, you are going to make mistakes. You are not going to be 100 percent perfect. Our job is to minimize those problems, to cauterize them,”** Fink says, his voice rising. **“We’re not perfect, and I’ve never said to anyone that we are going to be perfect.** Our investors had all the information we did and they did their own due diligence.” He exhales deeply. “Our real-estate division is struggling because of bad performance, and we’re making changes. I don’t care if the whole industry blew up, our job is to do better than the industry, and we didn’t in real estate,” he says. **“I am not making excuses. I lose sleep over these problems.”** The Stuyvesant Town loss was “an embarrassment,” he says. Then his voice drops to a whisper. **“I mean, my mother gets her pension from calpers.”** + +- Whether you believe Fink's words or not, to me he comes cross as an honest down to Earth person who shows remorse over his mistakes. I highly doubt mayo man Ken would lose sleep over his bad business deals, nor would he feel remorse if one of his deals affects his mother's pension fund. To me these two men come across as stark opposites. + +**SUMMARY**: Fink is good at what he does (making money), he's likeable and honest and seems to show remorse over bad decisions. He was forced out of a company he loved because of a bad trade and he vowed to always know the risks involved in the future. He became the go to guy for many CEOs and even the US government. + +*** +*** + +##3. ALADDIN & RISK MANAGEMENT +- What distinguishes BlackRock from other investment companies is its state-of-the-art system for evaluating and managing risk. Aladdin is a system of 5,000 computers running 24 hours a day, overseen by a team of engineers, mathematicians, analysts, and programmers. This computer farm can monitor millions of daily trades and scrutinize every single security in its clients' investment portfolios to see how they would be affected by even the most minor changes in the economy. Apparently as of 2020, Aladdin managed $21.6 trillion in assets. + +- In 2000, BlackRock launched BlackRock Solutions, the analytics and risk management division of BlackRock. The division grew from the Aladdin System (which is the enterprise investment system), Green Package (which is the Risk Reporting Service) PAG (portfolio analytics) and AnSer (which is the interactive analytics). Through BlackRock Solutions, customers pay for advice on the markets and can test their portfolios in the risk systems. This division now has about 140 clients, the best known of which happens to be the U.S. government. **Yeah, the freaking US government pays BlackRock for market advice.** + +- Aladdin can simulate every imaginable shift in interest rates, every conceivable change in the financial markets, and stress-test the performance of hundreds of thousands of securities in numerous global-crisis scenarios. Here's a thought, you know those liquidity tests being done on Shitadel & Co? I'd wager that Aladdin might be the system being used for those. + +- [**This article**](https://www.businessinsider.com/what-to-know-about-blackrock-larry-fink-biden-cabinet-facts-2020-12?r=US&IR=T) says "Vanguard and State Street Global Advisors, the largest fund managers after BlackRock, are users of Aladdin, as are half the top 10 insurers by assets, as well as Japan's $1.5tn government pension fund, the world's largest. Apple, Microsoft, and Google's parent firm, Alphabet — the three biggest US public companies — all rely on the system to steward hundreds of billions of dollars in their corporate treasury investment portfolios." + +- The overall point I'm making here is that Larry Fink seems true to his word in that he takes risk seriously. BlackRock seems to be the exact opposite of a hedge fund like Shitadel which seems happy over-leveraging themselves on positions with potentially unlimited loss, I can't see Larry Fink doing that any time soon. + +**SUMMARY:** Fink has clearly become one of the most powerful people in finance, he's created an incredible risk assessment system and has US officials coming to him personally for advice. BlackRock's Aladdin system may be the one the government is using to do the liquidity tests on Shitadel & Co, either way BlackRock and Fink are likely highly aware of what's happening with Gamestop, so let's go on to explore GME's ownership over the years including BlackRock's involvement in this. + +*** + +*** + +## 4. GAMESTOP INSTITUTIONAL OWNERSHIP + +- First point I want to make here is about BlackRock’s overall portfolio value. They’ve been the largest asset management company for a while but according to their 13F filings their securities portfolio only seemed to really boom at the start of 2017 [**as seen here**]( https://i.imgur.com/BoDFvIs.png). For this reason I’m mainly only going to be looking at Q1 2017 and onwards. + +- [**Here's a graph of GME institutional ownership going back to 2017**](https://i.imgur.com/f8y4R3z.png). Yeah that’s a lot to take in and it might not be very clear if you’re on a phone (apologies). A caveat here is that there could be smaller companies with GME that I can't trace (without trial and error through thousands of 13f reports), but I hopefully caught most of the big ones. **Here's some observations I can see straight away**: + +- **1.** BlackRock and Fidelity held the largest GME positions for the majority of the last 4 years. + +- **2.** UBS never really has a large GME position despite being the 3rd biggest asset manager in 2020, so I will rule them out of any further analysis. + +- **3.** BlackRock, Vanguard and Fidelity all pretty much stay level or increase their GME positions until mid 2019 and then start to sell. I wonder why that was? + +- **4.** Fidelity & Dimensional both have large GME positions for 4 years then they decide to sell ALL of their shares in Q1 2021, that seems odd. + +- Now to make it clearer let's sum institutional ownership together, compare this to share price and include the total outstanding shares, [**all of that all looks like this**](https://i.imgur.com/lKfwMQH.png). Ok, that's easier to follow and straight away I'm seeing a reason why institutions began selling GME in 2019, **Gamestop underwent a massive stock buyback** where they reduced their total shares from over 100 million to around 65 million, here's how it went: + +Date | Total Shares Outstanding +:-- | :-- +Jun-19 | 102.27 million +Sep-19 | 90.46 million +Dec-19 | 65.92 million + +- I’ll talk about this stock buyback further a few paragraphs down, but let’s finish analyzing the graph first. The other thing that stands out to me is the **inverse proportional relationship between institutional ownership and price**, [**here's some comments to show you what I mean**](https://i.imgur.com/AQSad8R.png). **Why would price drop as institutions buy more shares?** Increased demand should push the price up, not vice versa. Maybe it was the public selling off and lowering the price, but then why would institutions buy more? They seem to be investing in an failing stock, so what are they getting out of it? **The only conclusion I can come to here is that GME was being shorted as far back as 2017**; it seems institutions were buying stock and immediately lending this out, Shitadel borrowed this and shorted it dropping the price. Further evidence of Gamestop being shorted is seen when institutions start selling from mid 2019 to the end of 2020 which seems to make the price shoot up, this is likely because their lent shares had been used in shorting and when they recalled those shares to sell it forced closing of short positions pushing the price up. + +- Institutions can make a lot of money lending shares, [**as this chart about BlackRock shows**]( https://i.imgur.com/5hiFyUW.jpg). Back in 2018, Elon Musk called BlackRock out for their share lending program claiming that they were helping short sellers. Apparently our very own Mr [**Dave Lauer defended BlackRock's actions here**](https://i.imgur.com/6yL8fuU.jpg). Dave is correct here (as he usually is), lending shares is not in itself an issue, it creates additional revenue stream for the lender and there's no guarantee shorts will succeed if they do use the borrowed shares for shorting. It's like trying to blame the cashier who sold a knife at Walmart if that gets used in a crime. I know that there's a lot of contention about share lending on Superstonk, but I honestly believe that the MOASS wouldn't be a possibility if share lending hadn't happened. + +- Now let’s examine the [**stock buyback**](https://i.imgur.com/hAAUbHX.png) in 2019. [**This article**]( https://www.businesswire.com/news/home/20190819005633/en/Scion-Asset-Management-Urges-GameStop-to-Buy-Back-238-Million-of-Stock-with-Cash-on-Hand) talks about **Dr Michael Burry’s letter** that he sent to Gamestop’s Board of Directors in 2019, in that letter **he urges Gamestop to buyback 80% of their outstanding shares**, he points out that GME shares were at a record low price yet volume for GME was rising. He goes on to mention that 60% of the shares are shorted and that Gamestop’s cash levels are much higher than the current market cap from the stock, so it all points to poor capital allocation by Gamestop’s management. He says that them doing a stock buyback would be a bullish move and could help start turning Gamestop around, I believe DFV draws on these points in his original Gamestop thesis. I don’t know if this is worth mentioning, but Dr Burry starts his letter by saying he owns 2.75 million GME shares, [**but he had only held these for 2 months**](https://i.imgur.com/bmzMo9L.png) at most when he wrote that letter, so he doesn’t seem to be a deep value investor here, to me it suggests he saw this as an opportunity for a squeeze and wanted to take advantage of that. + +- Let’s take a quick look at **what stock buybacks are** (feel free to skip this paragraph if you already know). [**Investopedia**]( https://www.investopedia.com/ask/answers/042015/why-would-company-buyback-its-own-shares.asp) covers it well, firstly a stock buyback is not the same as a stock reverse split even though both reduce the number of shares available to investors, this is because **with a buyback the issuing company is actually using company money to buy the shares to reduce numbers and this pushes the share price up**, whereas in a reverse split the amount of shares is reduced without any shares being bought so that technically keeps the value the same. With a stock buyback **the issuing company can purchase the stock on the open market or from its shareholders directly**. In recent decades, share buybacks have overtaken dividends as a preferred way to return cash to shareholders and though smaller companies may choose to exercise buybacks, blue-chip companies are much more likely to do so because of the cost involved. This will be why Dr Burry recommended this method, Gamestop had the cash on hand to do this and it would have gone on to push the share price up (allegedly), and because companies will announce stock buybacks before they happen this has a knock-on effect where investors will FOMO into the stock thinking that it will go up in value pushing the price up further. **This means that one of the greatest advantages of a stock buyback is that it hurts short sellers**, simply because overall supply of the stock is reduced so that will push the price up meaning short positions lose money (on paper). **Overall stock buybacks are a bullish move**. + +- Gamestop went through with the stock buyback (whether at Dr Burry’s suggestion or not) and reduced their total shares from around 102 million to 65 million. [**This pushed the share price up (although only slightly)**](https://i.imgur.com/ID4eSC2.png) and it seems [**institutional ownership dropped by 5 million shares to help complete the buyback**]( https://i.imgur.com/obqQf88.jpg), that suggests Gamestop bought the majority of the 36 million shares on the open market and got some help from institutional investors. Let's take a closer look at [**which companies sold GME during this time**](https://i.imgur.com/CceC0r3.png), so quite a few including Dr Burry's company Scion, but BlackRock and Fidelity sold the most by far with 5 million and 6 million shares respectively. But [**why would BlackRock & Fidelity sell at this time after holding through a price crash for years?**](https://i.imgur.com/Lpnt1Mj.png) Both of these companies had held millions of shares when the price was around $25, so **to now sell around $5 means they would make an 80% loss. Were they just helping Gamestop out here?** I tried to research if companies are obligated to sell during a buyback like this, but nothing I found suggests that's the case. It seems if Gamestop was unable to get the full 36 million shares they wanted then they simply would have had to buyback less stock. + +- Little side note here, an investment company called Hestia-Permit group jumped on board buying a bit over 3 million shares during this time (which doesn't seem helpful when a company is trying to buy back stock). [**Hestia had made some sort of deal with Gamestop**](https://news.gamestop.com/news-releases/news-release-details/gamestop-announces-agreement-hestia-capital-and-permit) allowing Hestia to vote in some specific board members. In my opinion Hestia likely wanted to push the idea of the stock buyback and thought they'd have more sway with board members to get this passed, if this is true then Hestia likely just wanted to make a bit of quick profit like Dr Burry seems to have wanted too. + +- Let’s move forward in time a bit, the next big player to join the scene was Ryan Cohen where he started buying shares in Q3 2020, he initially buys just over 6.5 million shares at first and then increases that to 9m by the end of Q4 2020 (last Christmas). I want to look at how Ryan Cohen (RC) joined the scene, Gamestop had completed their stock buyback and had reduced the free float by 36 million shares, which isn’t good when someone wants to swoop in and buy a ton of GME. This makes it seem that some institutions had to sell their shares to RC so he could come on board. [**This graph shows which companies likely sold shares to RC**](https://i.imgur.com/y0qSTkF.png). So Hestia and Scion sold big chunks of GME (around 6 million) but these two had only held their shares since Q3 2019, so about a year at this point. During that time [**GME share price remained mostly flat (in the long run)**](https://i.imgur.com/05ym6UB.jpg), to me this adds credence to the idea that these two companies did get on board to take advantage of the stock buyback, it obviously didn’t pay off as they thought so they sold in bulk. There are theories floating around that Dr Burry would not have wanted to have held GME during the Jan squeeze, because he could be liable for another lawsuit just like after 2008 and like what happened to DFV. Whatever the reason Dr Burry & Hestia sold, they had held for a year and pretty much broke even. But **BlackRock sold 2 million shares seemingly at an 80% loss again, they were definitely under no obligation to sell shares to RC, so were they doing a favor for RC?** If so then it seems BlackRock first helped Gamestop with their stock buyback and then they helped RC get his GME shares, both time at great cost to themselves. Was this a part of some greater plan? + +- Q3 2020 ends and RC has 6.5 million shares, but we all know he ends up with 9 million, so where do the other 2.5 million come from? The eagle eyed among you may have spotted [**this before**](https://i.imgur.com/yfdC4AL.png), yeah Gamestop releases more shares at exactly the time RC wants to buy more. [**Let's take a closer look at that**](https://i.imgur.com/jnix50b.png). **Gamestop made 5 million more shares become available and RC increases his position by 2.5 million from this**. Was that really just a coincidence? Gamestop just happened to release more stock at exactly the time Ryan Cohen wanted to buy more? [**Here's Gamestop's SEC filing for this share release**](https://news.gamestop.com/node/18351/html), so from reading that we can see that Gamestop sold these shares on the open market and that they were planning to use the money *"for working capital and general corporate purposes, which may include funding our ongoing digital-first omni-channel growth strategy and product category expansion efforts."* This really seems to me that Gamestop helped RC out here. + +- Last Christmas ~~I gave you my heart~~ [**top GME ownership looked like this**](https://i.imgur.com/A7Quxq1.png), with BlackRock, Fidelity and Ryan Cohen all holding 9 million GME shares with only a 275k range between them all. **What Fidelity and Dimensional Fund Advisors did next blew my mind at first**. Going from Dec-20 to Mar-21 these 2 companies sell practically *ALL* of their GME shares after holding these for years through the price crash, [**seriously look at this**](https://i.imgur.com/4AgPF1y.png) and then [**this is how long they had each held for**](https://i.imgur.com/HN5Byn5.png). I don't think it takes too much guesswork to see why they sold at this time, price was at the highest point it had been in years (likely from RC's buying pressure plus there would have been a lot of share recalls around this time pushing the price up). But **here's another reason why these 2 companies might have wanted to sell around this time**, check out **/u/Bladeace** 's post called [**The NYSE threshold list: collapsing shorts and launching the MOASS**](https://reddit.com/r/Superstonk/comments/oao9oo/the_nyse_threshold_list_collapsing_shorts_and/), that's an amazingly well written post talking about the 'threshold securities' list, here's a snippet: + +> The New York Stock Exchange provides a list of ‘threshold securities’, which are securities that are regarded as difficult to borrow due to a large number of recent failures to deliver. When a security is on this list, there are limits on a market maker's ability to short sell the security in question and obligations regarding delivery requirements. + +- **/u/Blaceace** includes [**this chart**](https://preview.redd.it/yfmbrye3lb871.png?width=685&format=png&auto=webp&s=c28e1c25971667b38fc8717aba790de881771e86) which shows just how bad the Gamestop FTD issue was around this time. So the GME lending market is getting choppy and it seems **Fidelity and Dimensional have had enough at this point and decide to sell their shares. That means they first have to recall them** from Shitadel & Co but remember Fidelity and Dimensional have likely had their shares lent out for the past 4 years. **Question: do you think the borrower (Shitadel & Co) only sold on 1 share per every share borrowed, or do you think they sold many shares in some form of rehypothecation abuse?** My opinion is definitely the latter. + +- The only evidence I have for this next point is circumstantial but **I’m really starting to believe that Fidelity (with the help of Dimensional) caused the Jan squeeze**. I'm well aware that that's a bold claim, I mean these 2 companies only held 13 million GME between them in December 2020 and the squeeze saw days of up to around 200 million volume, so that doesn’t add up. [**Here’s GME volume around the time of the squeeze**](https://i.imgur.com/qecs1MB.jpg) so yeah some crazy volume days. If you sum up GME volume by month it looks like this: + +Month | GME Volume +:-- | :-- +Sep-20 | 254m +Oct-20 | 360m +Nov-20 | 161m +Dec-20 | 251m +Jan-21 | 1262m + +- Looking at the average volumes per month, **Jan 2021 probably saw around 1 billion more volume than usual**, for a stock with 70 million shares that's a ridiculous increase. To me **this was likely tied to Fidelity and Dimensional recalling their 13 million GME shares**. Is it insane to think that over 4 years, the shorts re-lent Fidelity's & Dimensional's GME shares (1 billion / 13 million) = 77 times over? All that would have to look like is this: Melvin borrows 13 million GME shares, then says "Hey Susquehanna, I have 13 million GME shares on my books, want to borrow these off me?", Susquehanna borrows them, then says "Hey Ken bro, we have 13 million GME shares on our books, want to borrow these?" rinse and repeat 77 times, then those companies can all sell the shares on their books to crash the price. Plausible? If so it's easy to see how Fidelity & Dimensional were holding up a tower of GME 1 billion shares high and them recalling the original shares meant it all came crashing down like a house of cards. + +- Apparently Fidelity didn't just sell off their GME at this time, they did the exact same thing with 21 other stocks which all squeezed in January. I've unfortunately run out space on this post so I'll cover that properly in the next section. + +**SUMMARY:** I looked at GME ownership going back to 2017, it's pretty clear Gamestop has been shorted since at least that far back as the price was dropping despite institutional ownership increasing. BlackRock had held millions of GME since 2017 when the price was around $25 and later sold millions of shares to Gamestop and Ryan Cohen when the price was around $5, so this came at great cost to them, was BlackRock just helping Gamestop and RC out here? Fidelity and Dimensional Fund Advisors sold all their GME in Q1 2021 and I believe this caused the Jan squeeze. I finished by saying Gamestop wasn't the only stock Fidelity dropped at this time that underwent a squeeze, we'll explore that idea in the next section. + +##[Continued in Part 2](https://reddit.com/r/Superstonk/comments/ommfz1/blackrock_the_great_reset_part_2/?) +Back in October I went to a car dealership to try and finance a used car, unfortunately the insurance was way too high, like $680/mo so I decided not to get the car. Today, my credit karma app shows for the first time that on that day at the dealership my credit got hit 4 times. Probably because they were trying to find an institution to finance me. Is there any way I can remove some of those inquiries? +There are rules of thumb for how much emergency savings you should have based on your expenses, and for how much your mortgage should be, but what about a rule of thumb for preparing for home expenses? Like if the fridge dies or the roof has a problem or you suddenly encounter mold? +So I want to buy a house in a year. I recently got a pay bump this year, and I can save 1,500 a month after all bills and miscellaneous/“fun” expenses are taken care of. Should I put this money into the stock market to make it grow (save in Robinhood?), so I can have a larger down payment? Should I save it all for guaranteed 18k? Or should I do anything else? Any suggestions will help a lot! +My situation: + +I’ll be taking out an auto loan for $35,000 at a 1.9% APR for a 60 month term. I’m being told by more than one friend that a down payment is essential. This isn’t a problem but I tried to do some of the math and don’t understand the cost benefit of the down payment. + +I’m not a math wizard by any means but when comparing the 1.9% to the $35,000 to $30,000 (with a down payment of $5,000), it comes up to about $300 difference in interest at the end of the 60 month term. Why shouldn’t I just keep the $5,000? The topic of depreciation and being upside down on the loan came up as well. I went with 25% depreciation after the first year. I’m getting a generic Honda/Toyota sedan so I’m not too worried about the depreciation aspect as much. + +Going with 25% depreciation after 1 year and using $5,000 as a down payment example: + +$35,000 car is worth about $26,250 after a year. + +$0 down: At $613/month I would have about $27,644 left on the loan. I’d be -$1394 on the loan but I would have the $5,000 to more than offset the amount I’m under on the loan. “Plus” +$3,606. + +$5,000 down: At $526/month I would have about $23,688 left on the loan. I’d be +$2,562 on the loan but I’m also -$5,000 for the down payment. + + + +Everything I’ve seen so far online vouches for the down payment. Am I missing something here? I’m not against the down payment at all but I’m not seeing the point of it with what I’m looking at. +I’m a married 38 yr old with 60k in auto loan debt, 315k in mortgage debt and 22k student loan debt. I have 140k in my regular retirement account and 30k in a high interest savings account. We have both maxed out our contributions to Roth IRA for the year and we both contribute to a 401k. My question is would you pay off the Auto debt and invest the rest the savings or invest the entire 140k? The auto loan does have a 5% interest rate. I think I know what I want to do but what would you do in this situation? Thanks + +Edit: most of the 140k is inherited from the sale of property very recently . I had about 50k chilling in my savings like a dummy. I’m slowly learning as I go. I don’t plan on having that money in a regular savings account much longer. +I purchased my house in December of 2020. I had to purchase it in cash because it was a quick sale before the house went on the market. I am now considering going to get a mortgage on the house and investing the money in the stock market. Is it a good idea to do that or should I just keep the house paid off? I do have a savings of over 50k. I am 27 years old. Any help would be really appreciated. Thank you. +My wife and I have been together for over 12 years total (met in college). Like any relationship, we have our ups and downs. One things that consistently caused issues was both of our impulse spending. When we were young, we didn't have much of a surplus, but as we received promotions at work, raises, etc. we started to have some extra money in the bank an differed on what we should do. I thought buying a TV was a *mutual* purchase whereas she said it's for me (hard to believe when Real Housewives is playing in beautiful 1080p..but hey, her opinion). She would buy clothes and shoes (which I saw as equally as stupid) and inevitably whenever money was tighter.. the conversation would go to... "you bought such and such", and arguments would ensue. + +Fast forward, and enter what we call **Mad Money** I am not sure where we read this, or where the idea came from (it did come from somewhere), but it's been literally amazing. Basically, we put a predetermined amount of money into 2 savings accounts the first of every month (mad money - mine, mad money - hers). We chose an amount based on what we were comfortable with. Basically, every month, we can literally buy whatever we want (or waste my money on whatever I want as she says) using our mad money. If a couple of months go by, we have enough for big purchases. When one of us gets a bonus, or X-Mas money from family it dumps into mad money. For a bonus, if it's $2000, we usually put $500/ mad money and the rest into savings. Point is, we're able to fund our savings account monthly, and it's literally eradicated the arguments with respect to where we buy frivolous things. I am not sure it will work for every couple, and my wife has definitely gotten an "advance"on mad money a few times (and then I think forgot to transfer the money back to checking the following month), but hey.. I love her. And lastly, it's really not a black and white system. We still have times where we talk about getting something and it's just something we buy, or get it and don't take it out against mad money, but it takes away the arguments in 99% of the situations. Hope it works for others that are plagued* by the same discussions in their marriage. +A frequent post in the daily thread often takes the following form: "given [perceived current/future market context], how should we [respond/prepare]?" + +The answer I give to these questions almost always asks the asker to consult their [Investment Policy Statement](https://www.bogleheads.org/wiki/Investment_policy_statement) or invites them to write one if they haven't yet. A written IPS can be the highest-yield investment of your lifetime, given that investor behavior is the most fundamental requirement in the [investor hierarchy of needs](https://www.collaborativefund.com/uploads/Screen%20Shot%202018-05-30%20at%203.01.12%20PM.png) and that a written IPS codifies your philosophy and plan to reduce the risk of errant behavior that can jeopardize your investment returns. Below is a sample IPS that I hope highlights the document's utility to answering the question in the opening of this post, and many more over the decades. **This IPS is not** ***your*** **IPS**, and it is critical that you write your own so you can believe your own words when you need to consult them in times of uncertainty. + +The IPS below only covers one investment goal, but it highlights the overall strategy. The key pieces are a clear reckoning of *why* this is your plan and what your priorities are. Writing even your one-time deviations from the IPS forces you to periodically review whether those deviations were wise, in retrospect. There is room to adjust as needed to true, new, relevant circumstances, but overall the IPS keeps the even keel through nearly all other market conditions by having no provision that says "pay attention to market conditions and adjust for them." + +#Investment Philosophy +* In the long run, I cannot choose individual securities—domestic or international—that will beat the market average. +* The market average has historically offered *enough* return for a comfortable retirement for anyone who is able to live below their means. +* I cannot time the market, and market timing strategies require timing the market twice. +* Never bear too much or too little risk. +* Costs should be kept to a reasonable minimum. +* Simplicity is a virtue in itself. +* Summary of the above: *"Buy-and-hold, long-term, all-market-index strategies, implemented at rock-bottom cost, are the surest of all routes to the accumulation of wealth"* - John C. Bogle + +#Investment Objectives +* Achieve financial independence, or the ability to retire, by age [--]. +* The above is achieved by holding a liquid portfolio of approximately [$--]. + +#Risk Tolerance +* Risk tolerance is assessed by the need, ability, and willingness framework. Need sets my risk floor, Ability sets my risk ceiling, and Willingness sets my risk tolerance between Need and Ability if there is a range between them. +* Need: Current need for risk is [low], as even a low rate of return over a long enough period will allow me to retire comfortably at a reasonable time. +* Ability: Current ability for risk is [high], as my investment horizon is [long] and my human capital is [large/stable]. +* Willingness: Current willingness for risk is [high]. I have not felt particularly anxious with my asset allocation during episodes of past volatility and/or downturns. + +#Asset Allocation +* Maintain an overall 100% stock allocation of globally-diversified assets held at market-cap weight. +* When the liquid portfolio is at 85% of the target, shift all new effective contributions to total bond market holdings with a target of 60% stock and 40% bond by financial independence. +* If new contributions are not sufficient to reach the target allocation by financial independence, calculate periodic rebalancing needed to reach the target allocation based on projections of future growth and contributions. + +#Funds and Accounts +* Current accounts and funds as follows: [--] +* Future inflows will prioritize the following accounts, using the following funds: [--] + +#Rebalancing +* Rebalancing needs will be reviewed at least annually, and will occur when allocations are beyond 5% absolute from target. + +#Other Considerations +* Deviations from this IPS require re-reading the IPS, including the investment philosophy, to identifying whether there have been any fundamental changes to the philosophy. +* Deviations cannot be enacted without a week of consideration. +* Deviations must be written into the new IPS (either under a subsection if a single-event deviation or as a change to the IPS itself for permanent changes). + +#Single-event deviations from the IPS +* [--] +I'm considering an internal job offer I've received in my company - I'd really appreciate the community's help to consider it! + +The job would be moving from VP-level of the overall company to C-suite level of a subsidiary company. It would come with a shift in responsibilities that would make my CV a bit more well-rounded, and a bump in compensation of about $200K ($400 -> $600). I really enjoy my company and the people/culture, and I aim to spend the rest of my career here. + +However! The change would require a shift from being 100% remote to only about 40% remote; on days I go in, I would be commuting about 1.5 hours every day in total. We have two young kids, and my remote work allows me to support them and be present for a lot of activities and logistical obligations. If I were to take on this new position, this would need to be adjusted, possibly by hiring a nanny-type individual to support. Moreover, my wife has a very demanding job - she works quite a bit and doesn't have the same flexibility that I do. However, her job also pays extremely well - she currently makes about $800K, and this number will increase by approximately $100K per year until her mandatory retirement at 60 (we are both 40), with a hefty pension tied to it. Regarding lifestyle, we're pretty comfortable - we built a house several years ago that is our "forever house," and we don't envision that changing. No desire to own any vacation properties, and our only debt is a 2.5% jumbo mortgage. The only major expenses on the horizon are our two kids' college tuitions, which will begin 11 years in the future. + +Our monthly expenses average about $30K, and our target number for retirement is $25 million at 60. Assuming very conservative figures - 5% investment growth and 3% inflation for those 20 years, this is a little bit of a stretch assuming I stay in my current position, but doable, barring any substantial speed bumps in the meantime. + +So - should I take this job? The money would be nice, but there's more to life than money! I foresee this potential move as a new and exciting challenge, but I'm not sure that the costs to the family would outweigh the benefits of my own personal career satisfaction. + +Thanks in advance for sharing your thoughts! +Was having a discussion with a friend who is HNW about the merits of a fee-based financial advisor. I have no interest in having my finances managed by a third party - which blew her mind - but she has no interest in managing her own and likes the perks - What are you expectations of "perks" if you have 7 figure accounts? + +Do you expect to be taken to dinners? Invited to economic summits/presentations? Golf at elite courses? Tickets to exclusive events (Masters, Playoff games, etc.)? + +I don't see the appeal but maybe I am missing out if the above are truly that great? + +EDIT: I should add - economic value isn't really what I am going for here, more exclusivity i.e. - suite for a playoff game, good seats at a sold-out concert, rare wine dinners, etc. She may be an outlier as she is very wealthy at a young age, and thus is a valuable client to retain over the long term, so maybe these perks are rare to receive. +So basically I’m 17, and every month or so my parents make me show them my bank account app and all my transactions for that month. They are very controlling over my money (I’m only allowed to spend it with their permission despite it being in my name and what I’ve earned) and I really hate them intruding on my privacy. So because I’m not an adult yet are they allowed to see my account? They opened it for me and honesty I have no idea about anything like this. +In my opinion SC / Govt will not let idea go bankrupt. + +But after today’s hearing I am not so sure + +https://twitter.com/cnbctv18live/status/1240145382979624961?s=21 +Hello r/indiainvestment, + +Does anybody have an idea on how we can invest in Korean and Japanese firms like Samsung and Sony from India? All I could find was ETF and ADRs through US but that it's a very roundabout way. Is there a more direct way? +In my opinion SC / Govt will not let idea go bankrupt. + +But after today’s hearing I am not so sure + +https://twitter.com/cnbctv18live/status/1240145382979624961?s=21 +What are the structures of deals I could consider If I was able to buy a home in cash, then look to either mortgage it or get a home equity line of credit, or something similar at an interest rate comparable to a mortgage? + +What are the advantages and disadvantages of doing this? +According to this [infographic](https://oec.world/en/profile/country/aus) by the The Observatory of Economic Complexity, coal exports are 18.1% of our exports. Similarly, Minister for Resources and Water Keith Pitt recently said that "Australian coal will not be staying in the ground while it continues to provide thousands of jobs and bring significant economic benefits both here and across the world." ([source](https://www.minister.industry.gov.au/ministers/pitt/media-releases/coal-continue-help-powering-australian-economy)) + +With other countries aiming to move away from coal by implementing either nuclear, renewable energy, or a mixture of both, along with the slow decline in Australian manufacturing, what should Australia do in the long run to prepare for this? Is it possible for Australia to adapt and thrive or will we only see things get worse economically as our coal exports shrink without replacement? + +To be clear, I don't see things getting worse in terms of coal exports in the short run as countries will be using coal to reboot their economies after COVID-19. However, in the long run, countries may eventually move from coal. +Im 18, getting my motorcycle license in 3 weeks, and want to get a bike. The dealership near me has the bike I want used for $6,500, but I only have about $1,250 to put down up front. So I would have to finance the rest and it would be about $130 a month for 4 years. But I don't know if I want to dive into a 4 year long commitment right now. I could pass up on the great deal and just get a cheaper bike new for $5k and it would be \~$160 for only 2 years, but it's a decent downgrade. Also winter is coming so I probably won't have a whole lot of riding time If I buy it now instead of waiting until next spring. Another thing to note is I have a honda civic leased right now which is paid for by my mom, and it ends in 2 years meaning I'll need to save up to buy a new car. + +Considering insurance, gas, parking space, maintenance, and loan payments, the total monthly cost of the bike would be about $285 per month. Plus my current bills which are $130 per month, which comes to a new total of $415 per month. I make anywhere from $800/$1,200 per month at my job, which means the total bike cost alone is about \~23/35% of my monthly income. + +Is a 4 year motorcycle loan crazy for an 18 year old? I know that if I invested the money instead I would have a lot more saved up after the 4 years, but I can't imagine myself wanting to ride a motorcycle when I'm older and have a fulltime job and more responsibilities so it feels like this is the prime time to do it. Should I opt for the cheaper bike and get only a 2 year loan? + +TLDR - Should I finance a motorcycle (about \~23/35% of my monthly income) for 4 years at 18 yrs old? + +EDIT - Holy shit this post blew up waaaaaay more than I expected. I’ve read as many comments as I possibly could, and there’s a lot of great advice in here. I think I’ve come to a decision of saving up until next spring and buying a smaller used bike in full cash. (Thinking like 250/300 cc). There were a lot of comments asking similar questions so I’ll try to answer a bunch; I’m a full time college student, I’m still living at home, I originally was paying for my own car lease but my mom insisted to let her pay, I took the MSF course already, the MSF course was the only time I’ve ever been on a bike, I have a full face helmet and basic gear, and I fully know and understand all of the risks that come with riding. Thanks to everyone who commented I’ve still got like 200 more to read but we’ll get there. +No need to uptoot this (not doing it for that reason). + +This is just a friendly reminder to follow Mark Cuban’s advice: if you want to help the cause, spend money at GameStop. They have a surprisingly amount of stuff online. If you are willing to wait an extra day or two, consider buying through GameStop rather than their competitors. (Though, they do have same day shipping for some stuff depending on your area!). + +Buy, hodl, and vote apes. +Hello, + +It's look like we are going to close tomorrow in red week. For the 5 weeks in a row. Last time this happened was back in 2018 from 22th October to 25th November. + +What this can mean? + +If this is really gonna happen and tomorrow is gonna be another bloody sunday, we can look what happened in the end of 2018. +After 5 red weeks back in 2018 there was 1 green week and another 2 red weeks. The second of them found the bottom - 3156$ wich was lowest price for that cycle. + +If history is going to repeat, it all can means, that bottom is really near and we will see rebound soon. + +But this only one way of look. + +The 2nd one is, we know shit about fuck and this thought doesn't mean anything at all. + +Pick one. +I'ts so strange to watch the crytonatives in here shit talking NFTs on exactly the same way and people on the rest of Reddit shit talk crypto in general. I'm sure I'm going to get downvoted into oblivion but shouldn't we embrace NFTs if it leads to wider mass adoption of the underlying blockchain tech? Content creators entering a tech space has never ended badly. Keen to hear why folks are so critical on the technology in general and wonder if those are the same responses that non crytonatives say about cryptocurrency in general. + +Edit: for those looking for more than just a fancy JPEG, check out what the Frogland.io are building with their Notorious Frog collection. Proper tech and creativity +**BACKGROUND** + +Subhan Nadeem has pointed out that: + +[If every transaction in the Bitcoin network was a SegWit transaction today, blocks would contain up to 8,000 transactions, and the 138,000 unconfirmed transaction backlog would disappear instantly. Transaction fees would be almost non-existent once again](https://hackernoon.com/bitcoin-owners-you-need-to-do-these-two-things-right-now-a73122dd23d4). + +A few thousand bitcoin users from /r/Bitcoin switching to making their next transactions SegWit transactions will help take pressure off the network now, and together we can encourage exchanges/wallets to rapidly deploy SegWit for everyone ASAP. Let's make it happen. You can help by taking one or more of the action steps below. +___________________ + +**ACTION STEPS** + +1. If your favorite wallet has not yet implemented SegWit, kindly ask them to do so immediately. In the meantime start using a wallet that has already implemented SegWit. +2. If your favorite exchange has not yet implemented SegWit, try to avoid making any further purchases of bitcoin at that exchange and politely inform them that if they do not enable SegWit within 30-days they will lose your business. Sign-up for an account at a SegWit deployed/ready exchange now and initiate the verification process so you'll be ready to bail +3. Help educate newcomers to bitcoin about the transaction issue, steer them towards SegWit wallets from day one, and encourage them to avoid ever purchasing bitcoin through non-SegWit ready exchanges that are harming bitcoin + +IMPORTANT NOTE: The mempool is currently overflowing. If you are a long-term holder and really have no reason to move your bitcoins at this time, wait until the mempool starts to clear and transaction fees go down before moving your bitcoins to a SegWit address or SegWit friendly exchange + +__________________________ + +**SELECTED TOP EXCHANGES BY SEGWIT & BATCHING STATUS** + +| Exchange | Segwit Status | Batching Status | +|---------------------|---------------|-----------------| +| Binance | ~~?~~ *NOT READY* | **Yes** | +| Bitfinex | Ready | ? | +| Bitonic | Ready | ? | +| Bitstamp | **Deployed** | **Yes** | +| Bittrex | ? | **Yes** | +| Coinbase/GDAX | *NOT READY* | No | +| Gemini | Ready | No | +| HitBTC | ~~Ready~~ **Deployed** | **Yes** | +| Huboi | ? | ? | +| Kraken | Ready | **Yes** | +| LocalBitcoins | Ready | ? | +| OKEx | ? | ? | +| Poloniex | ? | **Yes** | +| QuadrigaCX | **Deployed** | **Yes** | +| Shapeshift | **Deployed** | No | + +[Source 1](https://bitcoincore.org/en/segwit_adoption/)(https://web.archive.org/web/20171212214514/https://bitcoincore.org/en/SegWit_adoption/) + +[Source 2](https://www.reddit.com/r/Bitcoin/comments/7kherf/what_exchanges_batch_there_withdrawal_txs_to_save/) +___________________ + +**WALLETS** + +Make sure you have a SegWit capable wallet installed and ready to use for your next bitcoin transaction + +| SegWit Enabled Wallets | Wallet Type | +|------------------------|-------------| +| Ledger Nano S | Hardware | +| Trezor | Hardware | +| Electrum | Desktop | +| Armory | Desktop | +| Edge | iOS | +| GreenAddress | iOS | +| BitWallet | iOS | +| Samourai | Android | +| GreenBits | Android | +| Electrum | Android | + +______________________ + +**TODAY's NEWS/DEVELOPMENTS/VICTORIES** + +- [Core is considering prioritizing SegWit GUI in the Core Wallet and pushing out an update fast without waiting for other features](https://www.reddit.com/r/Bitcoin/comments/7lc1n9/latest_bitcoin_core_irc_meeting_segwit_wallet_is/) +- [An Exodus Wallet representative has said they will not enable SegWit for now](https://www.reddit.com/r/Bitcoin/comments/7lcm1t/exodus_response_as_to_why_they_havent_adopted/) +- [Largest exchange in Brazil implemented withdraws using Segwit](https://www.reddit.com/r/Bitcoin/comments/7lgxnc/largest_exchange_in_brazil_implemented_withdraws/) + +______________________ + +**MEMPOOL/SEGWIT STATISTICS** + +- [BitInfoCharts.com - Average Transaction Fees](https://bitinfocharts.com/comparison/bitcoin-transactionfees.html#3m) - $55USD per Tx +- [Blockchain.info - Unconfirmed Transactions](https://blockchain.info/unconfirmed-transactions) - 274K Unconfirmed Tx's +- [SegWit Charts](http://segwit.party/charts/) - 11% SegWit Tx's + +______________________ + +**FAQs** + +If I'm a HODLer, will it help to send my BTC to a SegWit address now? + +- No, just get ready now so that your NEXT transaction will be to a SegWit wallet. Avoid burdening the network with any unneccessary transactions for now. + +Can you please tell me how to move my bitcoins to SegWit address in Bitcoin core wallet? Does the sender or receiver matter? + +- The Bitcoin core wallet does not yet have a GUI for its SegWit functionality. Download Electrum v3.0.3 to generate a SegWit address. + + A transaction between two SegWit addresses is a SegWit transaction. + + A transaction sent from a SegWit address to a non-SegWit address is a SegWit transaction. + + A transaction sent from a non-SegWit address to a SegWit address is NOT a SegWit transaction. You can send a SegWit Tx if the sending address is a SegWit address. + + [Source](https://howtotoken.com/explained/send-bitcoin-faster-cheaper-SegWit-transactions) + +What wallet are you using to "batch your sends"? And how can I do that? + +- Using Electrum, the "Tools" menu option: "Pay to many". + + Just enter your receive addresses and the amounts for each, and you can send multiple transactions for nearly the price of one. + +Why doesn't the Core Wallet yet support SegWit? + + - The Core Wallet supports SegWit, but its GUI doesn't. The next update will likely have GUI support built-in + +Why isn't a large exchange like Coinbase SegWit ready & deployed when much smaller exchanges already are? Why do they default to high fees? Where is the leadership there? + +- Draw your own conclusions based on their own words: + + [March 2016 - Coinbase CEO Brian Armstrong has reservations about Core](https://blog.coinbase.com/what-happened-at-the-satoshi-roundtable-6c11a10d8cdf) + + [Dec 2017 - Coinbase is STILL working on Segwit](https://blog.coinbase.com/bitcoin-segwit-update-3ab0484e4526) + + + +____________________ + +**SEGWIT BLOG GUIDES** + +- [HowToToken.com - How To Send Bitcoin Faster And Cheaper Over SegWit Transactions](https://howtotoken.com/explained/send-bitcoin-faster-cheaper-SegWit-transactions/) + +______________________ + +**PREVIOUS DAY'S THREADS** + +There's lots of excellent info in the comments of the previous threads: + +- Day 1: [If every Bitcoin tx was a SegWit tx today, we'd have 8,000 tx blocks & the tx backlog would disappear. Tx fees would be almost non-existent once again. THE NEXT BITCOIN TX YOU MAKE, MAKE IT A SegWit TX. DOWNLOAD A SegWit COMPATIBLE WALLET AND OPEN A SegWit COMPATIBLE EXCHANGE ACCOUNT RIGHT NOW](https://www.reddit.com/r/Bitcoin/comments/7kyzxn/if_every_bitcoin_tx_was_a_SegWit_tx_today_wed/?utm_content=comments&utm_medium=user&utm_source=reddit&utm_name=frontpage) +- Day 2: [I will repost this guide daily until available solutions like Segwit & order batching are adopted, the mempool is empty once again, and transaction fees are low. You can help. Take action today](https://www.reddit.com/r/Bitcoin/comments/7l9tda/day_2_i_will_repost_this_guide_daily_until/) + +Edit: Updated Segwit Exchange Status for Binance and HitBTC +# VICI Properties DD and about its upcoming merger with + + VICI Properties is an experiential real estate investment trust that owns one of the largest portfolios of market-leading gaming, hospitality and entertainment destinations, including the world-renowned Caesars Palace. + +**Basic information:** + +* **Ticker:** VICI +* **Cost:** 29.73 (As of 09-11-2021) +* **Yield:** 4.84% ($1.44) +* **Payout ratio:** 55.93% +* **P/E Ratio:** 13.7 +* **Sector:** REIT (Gaming/Hospitality) +* **Properties:** + * 29 "gaming" (Casinos) + * 200 restaurants, bars, and nightclubs + * 4 Championship golf courses +* **Has grown 65.17% in stock appreciation since IPO in 2017** +* **TRIPLE NET LEASE (NNN Lease) to lock in that income** + +# Dividends: + +Dividends for this REIT have increased a NICE amount since it first started to pay them (normally an increase of 9%). + +* **2018:** $0.16 - $0.2652 (**Increased 64.06%**) +* **2018:** $0.2652 - $0.2875 (**Increase 9.52%**) +* **2019:** $0.2875 - $0.2975 (**Increase 3.49%**) +* **2020:** $0.2975 - $0.33 **(Increase 10.92%**) +* **2021:** $0.33 - $0.36 (**Increase 9.09%**) + +# Financials: + +* **EBITDA:** 1.24B +* **Total Cash:** $407.52M +* **Total Debt:** $7.14B +* **Operating Cash Flow (ttm):** $975.61M + +**Total Revenue (in Thousands):** + +* 2017 : $201,436 +* 2018 : $897,977 +* 2019 : $894,798 +* 2020 : $1,225,574 +* TTM : $1,463,381 + +**Net Income (in Thousands):** + +* 2017 : $42,662 +* 2018 : $523,619 +* 2019 : $545,964 +* 2020 : $891,674 +* TTM : $1,256,794 + +**Debt Repaid (in Thousands):** + +* 2017 : -2,350,122 +* 2018 : -690,058 +* 2019 : -1,663,544 +* 2020 : -537,538 +* TTM: : 0 + +**Free Cash Flow (in Thousands:** + +* 2017 : $129,715 +* 2018 : $496,403 +* 2019 : $670,737 +* 2020 : $880,608 +* TTM : $972,445 + +**Dividends Paid (in Thousands):** + +* 2017 : N/A +* 2018 : -$262,682 +* 2019 : -$503,958 +* 2020 : -$612,205 +* TTM : -$690,935 + +# Renter Diversification: + +**Current VICI Rent Diversification:** +\- Caesars - 68% (Remember VICI is a spinoff from Caesars so this makes sense) +\- The Venetian - 16% +\- Penn National 5% +\- Jack - 4% +\- Hard Rock - 3% +\- Century Casinos - 2% +\- ??? - 2% (I literally can't find the company's name, only its symbol which is a circle, inside a circle with a different color? IDK) + +# About the Merger and its insane benefits for VICI: + +CEO's response (Via Yahoo! Finance): +[Why Vici Is Making a Big Bet on the Vegas Strip (yahoo.com)](https://ca.finance.yahoo.com/video/why-vici-making-big-bet-230545736.html) + +for those wondering "what is this merger is actually bringing to VICI.. well its diversification from rent will be more diverse and spread out along the Las Vegas strip and give VICI a "larger reach" across the U.S with MGM's properties in tons of cities/states. + + +**Current VICI Rent Diversification:** +\- Caesars - 68% (Remember VICI is a spinoff from Caesars so this makes a lot of sense) +\- The Venetian - 16% +\- Penn National 5% +\- Jack - 4% +\- Hard Rock - 3% +\- Century Casinos - 2% +\- ??? - 2% + + +**After the MGP Acquisition:** +\- Caesars - 41% (-27%) +\- MGM Resorts - 40% (NEW) +\- The Venetian - 10% (-6%) +\- Penn National - 3% (-2%) +\- Jack - 3% (-1%) +\- Hard Rock - 2% (-1%) +\- Century Casinos - 1% (-1%) +\- ??? - 1% (-1%) + +This is great as it means VICI will be significantly less reliant on a single company (Caesars). Always great to keep your leasers diverse. + + +**It will also get:** + +* 2 of the largest hotels in the U.S, +* 7 Iconic resorts, +* 2 of the 3 largest Las Vegas resorts by room count, +* 8 premier regional assets, +* four 4-diamond AAA rewarded resorts + +**Basically meaning:** + +* 6K+ hotel rooms (lots more rent), +* 20K slot machines ("Keep spinning you'll win eventually ;)" - The House.), +* 670 table games (Black Jack / 21 anyone?) + +**Additional Locations around the U.S:** + +* New York (2, 1 of 2 is pending), +* Detroit, +* Atlantic City, +* Philadelphia, +* Metropolis, +* North Kansas City, +* Biloxi, +* Tunica, +* LOTS of Las Vegas, +* New Jersey + +**VICI will own 660 acres which includes iconic places like:** +Mandalay Bay, The Park Las Vegas, Park MGM, Luxor (The pyramid thing), Excalibur, MGM Grand, New York-New York, the Mirage + +They will literally own a nice chunk / most of Las Vegas with this acquisition and be the largest REIT owner of the entire strip. + +# Opinion: + +While it did take a small beating this week its also a great time to get in and average down (If it falls lower). + +This REIT has everything a REIT investor would want: + +* Great exposure to Gaming/Gambling stocks (Casinos being the REIT's main focus) which you don't see much of, +* Nice yield of 4.84%, +* a sustainable dividend well covered by cash and income, +* a low payout ratio (meaning it can easily sustain dividend hikes), +* VERY good dividend increases (based on history), +* A good CEO that seems to know what they are doing and has given great value to shareholders in the form of dividends, +* continues to expand, and looks to grow as a company for the foreseeable future with more acquisitions + +**CON:** + +* Increases shares on a yearly basis (Via Public Offerings) on what looks like a yearly basis, this will cause the stock to drop and might make a few investors panic if it drops drastically. +* HEAVILY focused on Casinos, and Gaming, little diversity + +Overall I'm only 12 shares into this REIT but plan to use most of my dividends this month ($64) and my next paycheck to double (if not triple) my holding. This REIT makes a ton of cash and, I think, has a very bright future ahead of it. +Through the psychological lens it’s not surprising that we’re being accused by MSM of being a cult. This is called projection. It’s a phenomenon where we place that which we can’t or won’t accept in ourselves onto the people and entities around us. + +MSM is the cult leader, their viewers are the followers. Neither the leader nor the followers are willing in the case of the leader or able in the case of the followers to accept that truth. But the brainwashing tactics of the leaders and brainless obedience of the followers to the dictates of the leaders, along with the underlying goal of benefiting the leaders at the expense of the followers, are all you need to observe to know where the cult really is situated. + +Any group that encourages critical thinking, that self-polices, that delves deeper and deeper into all aspects of whatever its subject of interest is, is not a cult but rather a community that has moved through all stages of development - forming, storming, norming, and finally performing. It’s the definition of a healthy group. + +That’s what we have here at Superstonk and that’s why the powers and their MSM puppets hate us so. We’re not drinking the kool-aid. + +So all they have left to do is what all authoritarians do. Accuse those they’re oppressing of the very thing they themselves are guilty of. + +From the outside some of the behaviors and ‘rituals’ of our online group might appear cultish simply because we’ve gone through the vital stage of ‘norming’ where unwritten rules for behavior are enacted and more or less agreed upon. Every group has different norms. Any time we find ourselves in a country, culture, or group different from our own we’ll at first perceive it as alien from what we know and are used to. But this foreign feeling does not necessarily make the group unhealthy or a cult. + +A healthy community is one where all members are encouraged to learn and grow, where speaking one’s personal opinion is not frowned upon but embraced. An unhealthy community is authoritarian, where power imbalances exist and are exploited by leaders and members higher up the chain of command for their own personal gain. Followers don’t know they’re being exploited. + +A cult is authoritarian. The true cult is MSM and its brainwashed followers. +Guten Tag to this global band of Apes! 👋🦍 + +Yesterday was further proof that the current price of GME is wrong, and that the SHFs continue to have the means to manipulate the price to satisfy their margin requirements. With no news or justification, GME's chart followed the steep decline of the electric car company. It seems clear that the SHFs are long on the latter, and as it tanked they weren't able to rely on that position to balance their margin requirements, and thus needed to drive GME down. + +The Apes weren't shaken. We didn't slow our DRS rate, or lose any faith in our investment. Our diamantenhände have been HODLing for nearly a year, during which we've endured far worse. We are ready to see this through. + +Today is Wednesday, November 10th, and you know what that means! Join other apes around the world to watch infrequent updates from the German markets! + +###🚀 Buckle Up! 🚀 +*** + + +- 🟩 120 minutes in: **$207.43 / 179,18 €** *(volume: 880)* +- 🟩 115 minutes in: $206.92 / 178,74 € *(volume: 880)* +- 🟥 110 minutes in: $206.85 / 178,68 € *(volume: 852)* +- ⬜ 105 minutes in: $206.90 / 178,71 € *(volume: 845)* +- 🟥 100 minutes in: $206.90 / 178,71 € *(volume: 843)* +- 🟩 95 minutes in: $208.60 / 180,19 € *(volume: 833)* +- 🟥 90 minutes in: $208.44 / 180,05 € *(volume: 753)* +- 🟩 85 minutes in: $208.60 / 180,19 € *(volume: 723)* +- 🟩 80 minutes in: $208.59 / 180,18 € *(volume: 720)* +- 🟥 75 minutes in: $208.57 / 180,16 € *(volume: 716)* +- 🟩 70 minutes in: $209.66 / 181,10 € *(volume: 613)* +- 🟩 65 minutes in: $207.33 / 179,09 € *(volume: 551)* +- ⬜ 60 minutes in: $206.69 / 178,54 € *(volume: 477)* +- 🟥 55 minutes in: $206.69 / 178,54 € *(volume: 468)* +- 🟩 50 minutes in: $206.85 / 178,68 € *(volume: 465)* +- 🟥 45 minutes in: $206.69 / 178,54 € *(volume: 459)* +- ⬜ 40 minutes in: $206.75 / 178,59 € *(volume: 433)* +- 🟩 35 minutes in: $206.75 / 178,59 € *(volume: 422)* +- 🟥 30 minutes in: $206.63 / 178,49 € *(volume: 403)* +- 🟩 25 minutes in: $206.69 / 178,54 € *(volume: 395)* +- 🟩 20 minutes in: $206.68 / 178,52 € *(volume: 364)* +- 🟩 15 minutes in: $206.53 / 178,40 € *(volume: 360)* +- 🟩 10 minutes in: $206.42 / 178,30 € *(volume: 267)* +- 🟩 5 minutes in: $206.10 / 178,02 € *(volume: 226)* +- 🟥 0 minutes in: $206.09 / 178,01 € *(volume: 58)* +- 🟥 US close price: $206.60 / 178,46 € *($206.60 / 178,46 € after-hours)* + + +*** +FAQ: I'm capturing current price and volume data from German exchanges and converting to USD. Today's euro -> USD conversion ratio is 1.1577. I programmed a tool that assists me in fetching this data and updating the post. If you'd like to check current prices directly, you can check [Lang & Schwarz](https://www.ls-tc.de/de/aktie/gamestop-aktie) or [TradeGate](https://www.tradegate.de/orderbuch.php?isin=US36467W1099) + +Diamantenhände isn't simply a thread on Superstonk, it's a community that gathers daily to represent the many corners of this world who love this stock. Many thanks to the originator of the series, DerGurkenraspler, who we wish well. We all love seeing the energy that people represent their varied homelands. Show your flags, share some culture, and unite around GME! +# SEC: SHORTS DID NOT COVER. + +[SHORTS DID NOT COVER](https://preview.redd.it/cuqfr2kf1au71.png?width=1770&format=png&auto=webp&s=371a116b9e6523385837c7846678259f212182c1) + +The SEC said buying to cover was a very small fraction of overall buy volume. And, GME price continued to remain high after the effects from covering should've passed. From these, the SEC concluded that it was investors bullish on GME ("positive sentiment") that caused GME price to go up rather than "buying-to-cover". (This is why they needed to turn off the buy button. The short squeeze didn't even happen yet! They *needed* to *stop* investors from buying a stock they liked!) + +# TADR: THE SHORTS DID NOT CLOSE. + +The sneeze wasn't even a gamma squeeze! + +[Not a gamma squeeze](https://preview.redd.it/yvqbm9i95au71.png?width=1748&format=png&auto=webp&s=6d390069cb1672abe81e1b60b614a1be286ddc3c) + +SEC is reporting that bullish investors drove up the price. *Not short covering. Not a gamma squeeze.* + +# SHORTS TRIED TO CLOSE & THEN "OH SHIT" + +The SEC "Staff" said they saw some early short covering between Jan 22. + +[Shorts TRIED to cover](https://preview.redd.it/hm7cp8d1cau71.png?width=1740&format=png&auto=webp&s=c6cc9b1e7e3e301bf30deccc9c3d2cfa58ff28b8) + +The Shorts *tried* to cover starting Jan 22. But then the price kept going up as they did. This early short covering led to several "Oh Shit" moments. Ultimately, investors realized what was going on and piled in (FOMO). That buy pressure led to the peak on Jan 28. What do they do? Turn off the buy button! + +[Short Covering Between Jan 22 and Jan 27](https://preview.redd.it/r7q4cpgddau71.png?width=1696&format=png&auto=webp&s=41d9142aa88f120d5e6f6e11fad03fca8f8d123c) + +Notice the SHORTS BASICALLY STOPPED COVERING on Jan 27! They tried a couple more times Feb 2 and Feb 5. Both of those resulted in the price going up so they stopped. Look at the overall buy volume during those times though. The pink short seller buy volume is puny compared to the overall blue-ish (teal?) color for overall buy volume. + +This is why the SEC concluded that it was **investors bullish on GME ("positive sentiment") that caused GME price to go up rather than "buying-to-cover"**. And, this is why turning off the buy button brought the stock price back down. Everyone, even the shorts, stopped buying to keep the price from skyrocketing. + +# GME IS THE ONE TRUE IDIOSYNCRATIC RISK STOCK + +To jack your tits some more, the SEC report says "**GME is the only stock** that \[SEC\] staff observed as **having short interest of more than shares outstanding in Jan 2021**" \[pg 25\]. + +[Apes owned the float.](https://preview.redd.it/vgau05j12au71.png?width=1756&format=png&auto=webp&s=af957afcdc2e9a06abe1aac7dafa1d9c76f1eec2) + +*APES OWN THE FLOAT.* GME short interest in Jan 2021 reached 122.97%. Apes already owned the float in Jan 2021. Some basic maffs: 122% Short Interest + 100% Real float shares - 109% Institutional Ownership = 113% Retail Owned Float Shares. Yes, according to this SEC report and what I remember from the Bloomberg Terminal posts back in Jan, apes owned 113% already. Give or take. + +Apes almost certainly continue to own more than the float (or even multiple floats) now. *Keep in mind that this report excludes anything after Jan 2021 so nothing after the sneeze is in this report!* + +[As of Jan 2021, Short Interest \(122.97&#37;\) was greater than the float.](https://preview.redd.it/xrmcr36j2au71.png?width=1748&format=png&auto=webp&s=ac0bd221505c22a8ba8546e3265f4fe7edcf6935) + +How do we know GME is *idiosyncratically* special? + +[Reddit and MSM?](https://preview.redd.it/flakhwkm3au71.png?width=1766&format=png&auto=webp&s=edac276596ed6c0c12d708d8925a036fd1d49e0d) + +# So... Who's bag holding? + +The DTCC & NSCC are ultimately responsible because they guarantee trades as the clearing agency: + +[Clearing agencies are ultimately responsible. ](https://preview.redd.it/f59nhnmx2au71.png?width=1752&format=png&auto=webp&s=52851923eccd5612029959546e6cbb1b4e1ba86e) + +Figuring out which agency is responsible depends on the type of failure. + +[DTCC and NSCC are the clearing agencies responsible.](https://preview.redd.it/prjzcwoz2au71.png?width=1696&format=png&auto=webp&s=5fea4d01ebc158e98ba5a081b89783c663057e69) + +Ready for the blame game? Are the failures are from transferring positions (DTCC), maintaining records (DTCC), or settlements & clearing (NSCC)? Or, you know, *both*! + +**EDITs**: Sorry, it's all in flux. Adding and clarifying as I go. + +[Link to the SEC Report](https://www.sec.gov/files/staff-report-equity-options-market-struction-conditions-early-2021.pdf) +I've posted these same instructions in about 5-6 different threads over the past year and half and have had a number of people thank me after looking at their account and slapping their forehead. I felt it would be prudent to just make a post so it's easier to find when googling. + +This seems to be fairly common mistake, but people are opening Vanguard IRA's and then not realizing how to actually allocate the money into an index fund from the settlement fund/money market/short term reserves. I made the same mistake myself for a couple months before realizing the error and had to call Vanguard service to get step-by-step instructions. + + Vanguard is also fairly un-intutive from a UI standpoint so step by step below on how to do that: + +* Log into your account +* Go to My Accounts Menu +* Click on Buy & Sell +* Click Buy Vanguard Funds +* on "Where's the Money Going" check the Add another Vanguard Mutual Fund +* type fund name (for Target 2055 type "VFFVX") in box that appears +* in the "Buy in Dollars" box type in however much you've currently given to vanguard and is sitting in "Settlement fund" or in "Short Term Reserves" +* In "Where's the Money coming from?" Select "My Settlement Fund" +* Click Continue + +Fin. + +Edit: Whoah, this got popular. I wonder if Vanguard is going to see a sudden uptick tomorrow in it's investment capital... +I'm gobsmacked. That systems in the US exist that allow this and how she could be so careless to borrow from any high interest lender. + + +I'm now looking into ways to advice her in managing this debt but atm the interest avg of her loans is 8.3&#37; and she only just started to work and earns $60,000 AUD salary. The added challenge of managing this debt is she wants to stay in australia. + + +Will The Australian government tax offset the interest of these? + + +So far my advice is consolidate and refinance the loan, seek forgiveness programs and pay the minimum repayment until forgiveness payout is achieved I think after 20 years. + + +Really makes my Australian help loan of $3000 at inflation rates seems so much more manageable +I've lost a lot should I just get out and go back to cash before it's too late?people are predicting it may take 10 years to get back there now. This is not a troll thread. +So I made almost all of my portfolio funds with bitcoin after I bought in at about 600$. I recently transitioned almost entirely towards ETH because of he huge technological advantage and development team. I wanted to be ahead of the trend so that I won't miss Ethereums big launch towards the moon once people realize the hurdles bitcoin is facing and how ill-equipped they are to adress them. + + +With the recent influx of noobs getting into bitcoin because of FOMO, I think it's only a matter of time before the noobs start getting nervous and informed about their investment. I was browsing r/bitcoin today and what I saw was quite encouraging. Thread after thread pushing for wider adoption of segwit and panick regarding the lightning network. This is going to confuse the noobs and make them lose confidence in bitcoin unless bitcoin handles its growing pains perfectly...which I strongly doubt. + +I think that this is great news for ethereum and we might start to see some really big gains. + +Welcome to the **/r/EthTrader** Daily Discussion thread. The thread guidelines are as follows: +*** + +- Discussion topics include but are not limited to general discussion, details related to events of the day, technical analysis, Ethereum Classic, and minor questions. +- Important content should be posted as a separate thread. +- Be excellent to each other. + +*** + +Thank you in advance for your participation. Enjoy! + +For any of you out there that have already made it to the goal of Financial Independence...... What was the key to your success? If you had to start all over again what could/would you do differently to get your goals quicker or more effectively? +I’m so tempted to write covered calls on QQQ 3 times a week. I know QQQ has calls that expire every mon wed fri. Why is it not more beneficial to sell a call that has 1 DTE three times every week to catch that theta??? I kinda understand the risk but can’t you better determine the price at expiration if it’s literally 1 day away?? +Hey, just wanted an opinion on when you think it's best to exit your long leg of a PMCC. + +I'm currently down 20% on two of my PMCC right now and I think the market can still go down some more.. should I close them down now or wait it out? +It has my full name and address and some of the bill was paid with insurance. Super weird and freaking me out. + +Update: They told me at the office that my name is right above the Mom’s on their drop down menu in the system and it is corrected. + +I am still going to call my insurance company and let them know but my insurance wasn’t billed for it, theirs was. + +Thanks for all the help! +but you need to wake up! + + + +all those people asking whats going on.. well let me tell you. another cryptocurrency is coming very close to taking over. + + + +I love BTC and I love what the devs have accomplished in the past, but the current state of Satoshi's legacy is a nightmare! + + +These are only the first tremors. More and more will follow as Number2 gets increased media attention and people buy in basically making a self fulfilling prophecy. + + +WAKE UP, BOYCOTT JIHAN VER, GET YOUR STUFF TOGETHER OR ROME WILL BURN + + +edit: im not even talking market cap. asic resistance, scalability, steady process.. I really do not want to sound like I am promoting something here, but shits getting real, open your eyes. + + +edit2: no, the problem is NOT core you paid peons! its the guy who vouched for mtgox, who openly admits that he rather have bitcoin burn (the list is long) and his asian sidekick with oedipus complex + + +edit3: [visibility for this guy](https://np.reddit.com/r/Bitcoin/comments/6grmqv/i_hate_to_be_the_one_and_saying_this/diszbz9/) +I’m a 41 year old woman who has no idea how to manage the money I’ve inherited. I’ve purchased a home that’s affordable. I’ve earned 2 degrees in 4 years and haven’t had to work, just focus on school - just graduated and am about to take national test so I can go into practice. + +My problem is that I’ve got services, all online purchases, household utilities, apps, groceries, eating out, etc going straight to my credit card that automatically gets paid every month. I’m spending outside of my means and I need help going over my statements, identify where I’m spending, going over every charge to see what needs to change. I have horrible depression and anxiety. The statements comes in the mail and I don’t look at it bc it literally makes me ill, acknowledging my frivolousness. My bills are on auto pay so they’re paid monthly and I don’t do anything. I know this is inconceivable to a lot of you, which is why I’m here. + +My sister is a boss. She balances her checkbook all the time, uses quick books or some program so that she knows where every dime of her money is. I want to be like her. I know I can do it, I just need help getting organized to do it. + +I need someone who I can show, without receiving judgement, what I have going on with my finances, and say have at it, let’s work together and fix this mess. + +Please tell me this is possible. I need help. + +EDIT: thank you all so very much for your kind nonjudgmental words. My inbox is full of kind hearted, well meaning people offering to help me. And I don’t believe they’re scammers, nobody has asked me for any personal information. Might be trying to sell me bitcoin, but I’ve politely declined. I’m trying to reply back to the MANY messages I’ve received. Again, I want to extend my deepest gratitude to you all. I’m going to start by opening my credit card statement tomorrow and get the ball rolling with someone I’ve connected with. All because of you. + +Reddit man, whodathunk +I don't want to go to Fair Work as the business owners in question have been nice to me. However, this is the second month they've been underpaying me. + +First month, they paid me the wrong rate. When I pointed it out, they said they'll amend it. Second month, they've paid me for half of March - with no indication when they'll pay me the other half. + +I've asked my friend and he thinks the lack of payment is due to the business struggling. In that case, I sympathise with them but I still can't continue offering my services for 50% off. + +Does anyone have any advice on how to diplomatically approach this issue? + +Thanks +So my father gives me around 3500 to 4000 rs as pocket money per month for college since i live in hostel and every month i am thinking of investing around 1500rs to 2000rs in stocks so that in future i can buy my own things instead of depending on others. So my dad already has some account for share market in icici and he said he would give me the details but then what to do i have no idea and also my dad doesnt invest stocks at all so even he wouldnt have a clue. +So my question is how to invest in stocks and which stocks should we invest in for getting the most profit out of it since i am looking to collect atleast some 50k within the next 1.5 to 2 years so that i can have some savings. Or is there any other method other than stocks like freelance(or whatever) that i can spend my time on. All advices appreciated! + + +[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!* +Shares of Activision soared about 37% in pre-market trading Tuesday following a Wall Street Journal report that Microsoft would buy the video game giant. + +More to come here: + +https://www.cnbc.com/2022/01/18/microsoft-to-buy-activision.html + +Apparently Bobby K to stay on board. Overall $68.7B purchase price for the company. +Those who have a lot of equity in your primary residence, what do you think about it? Let the equity continue to build, or are you looking to leverage at today’s low rates? Do you look at the equity as security or “dead money?” If you’ve taken equity out, what are you doing with those funds? +https://www.cnn.com/2019/09/22/business/thomas-cook-collapse/index.html + + +New York(CNN Business) Capping a painful year, 178-year-old British tour operator Thomas Cook collapsed Sunday night, stranding hundreds of thousands of travelers. + +The company said in a statement that its board "concluded that it had no choice but to take steps to enter into compulsory liquidation with immediate effect." +I've been in Germany since 2016 and have been investing with Scalable Capital's Wealth Management product since 2019. (Side note: my ESG-80 portfolio isn't looking too pretty right now at -9% (time weighted) with the way the stock market is right now, but presumably it will pick up some day!) + + +My question is this: If I move to Ireland, let's say in 5 years time, what are my options for my Scalable Capital portfolio? Scalable Capital is not currently available in Ireland. What advantages / disadvantages are there with each option? + +Here's what I know so far: + +**Option #1** +Move the funds to a similar product that is available in Ireland. Ideally I should do this at a time when the portfolio yield is at least at 0% to minimise financial losses. + +&#x200B; + +**Option #2** +Stay with Scalable Capital but as a tax resident of Ireland, not 100% sure if this is possible, but I think it is from what I've read in this subreddit and elsewhere. Pay an accountant in Ireland to handle my tax reporting obligations there. + +&#x200B; + +Probably there are other options, but I'm curious what wisdom / experiences there are in this group. + +&#x200B; + +Thanks in advance :-) +Should I care about the exchange where my particular ETF is traded? + +Or the same ETF is traded in several exchanges? I'm asking this because my Keytrade account states the Exchange of the ETFs they offer. +Hello r/personal finance! + +I've been lurking this sub for some time now, and having decided to make this post, i just want to let you guys know that this community is pure gold. People usually keep this kind of information to their close circle (rich people staying rich), and what you guys do is a real honourable feat, helping people with their struggles in life. + +I'll now stop the bootlicking and let you guys know some things about myself. + +I'am 24 with Greek/UK nationality and have spent most of my life in Greece, have studied film direction (not an industry i want to get into), really experienced in the restaurant and coffee industry (worked all my adult life and even before that) knowing all the ins and all the outs. + +Recently the amount of 20 thousand euros came to my hands, what im looking for really, is a way to turn this amount into a steady, failsafe passive income, if that is even doable. + +I'd love to have a small shop of my own, sometime in the future, but my present life is really unstable (travelling, not having a home, not a good time to be a shop owner in greece,) so thats a thing that i'll have to postpone for now. That amount is not even on the bank, so sitting on it obviously wont improve at all my situation. + +I'm really good at fixing stuff, so one of my ideas was to find a cheap property with good probabilities, restore it and then make my money back from rent. + +Any other good ideas, good people? Thanks in advance! +26 year old Belgium resident here, looking to start investing. + +&#x200B; + +I have +- €300k sitting around at different banks on saving accounts (there's a €100k insurance limit in case a financial institution goes bankrupt, hence the different banks). + +&#x200B; + +At 0.11% intrest (0.01 base + 0.1 fidelity premium) this nets me around €2.200 yearly (after taxes) at most. + +&#x200B; + +I work in IT as a freelancer and I can save around €4.000 / month from my income (after rent, food & utility bills). + +&#x200B; + +**Current investments:** + +*Retirements saving - €90 / month* + +I invest around €90 monthly in my retirements saving plan for the tax benefits (30% return on taxes). Currently sitting at +4.93% after investing for 1 year. + +&#x200B; + +*Sivek Global Medium fund - €100 / month* + +€100/month into a fund ([Sivek Global Medium](https://www.tijd.be/customers/mediafin.be/funds_tijd/1423098/Fund/60125502/general), medium risk, offered by my bank institution). Sitting at + 2.60% after investing for 2 years. + +&#x200B; + +*Crypto - €2.000 lump sum* + +In 2016 I invested a €2.000 lump sum into various cryptocurrencies, now worth +- €6.000. Not really my cup of tea though. + +&#x200B; + +I experimented with DeGiro, but the thing that's holding me back is that you're forced to buy 'whole' shares (this was the case 1.5 years ago). In case of AMZN for example, this would cost me $1.979 today. + +&#x200B; + +Is there a platform / system where I can invest €1.000/month into various stocks I select (or someone else selected)? Eg. + +\- 50% AAPL + +\- 25% TSLA + +\- 15% AMZN + +\- 10% GOOGL + +&#x200B; + +Or am I better off looking at ETF's for example? +Im 18, will be 19 this year. Gonna move out to the capital city of my country (Norway) to study Computer Engineering/Computer Science there. So if you are going to suggest anything, please do keep the country in mind. What recommendations do u have for me in terms of PF? Should I get a credit card? If so which one? + +Thanks in advance +I live in Germany and plan on saving up 2000€ over 9 months for my driving school & the license. I already have a gift certificate for 500€ so 2500€ feels like a comfortable amount in case of unforeseen circumstances eg if I need extra classes. + +Now I have picked up an interest in ETFs and since I am a complete beginner, I thought I could use this to pick up a thing or 2 about investing with this money. I‘m comfortable taking a risk since I have the gift voucher as a buffer. + +My plan is to either buy 225€ worth of ETFs each month or set aside the money and buy every quarter to reduce trading costs. +I‘d like to go with ING as my broker since I already have an account with them and they are currently they have an action where you can buy at no cost. + +The ETFs I’m interested in at the moment are: +Vanguard FTSE Developed Asia Pacific ex Japan UCITS +Vanguard FTSE Developed World UCITS +iShares Dow Jones Global Titans 50 UCITS + +My QUESTIONS: +1. Does anyone use ING and would they recommend it? If so, is it better to buy monthly or every quarter? + +2. Is it better to have only one ETF or is 2 just fine? +I‘m struggling to choose between: +•100% Vanguard FTSE Developed World UCITS +• 70% Vanguard FTSE Developed World UCITS, 30% Vanguard FTSE Developed Asia Pacific ex Japan UCITS +OR +• 70% iShares Dow Jones Global Titans 50 UCITS, 30% Vanguard FTSE Developed Asia Pacific ex Japan UCITS + +A win in my book would be making a profit, even if it’s just a few cents. +Hi there, + +I read that VWRL is distributing, and VWCE is accumulating, hence reinvesting the dividends into the shares. I also read that shares that distribute dividends "lose" the dividend fraction, which in turn should diminish the shares' price. If that's the case, shouldn't VWRL's price be lower than VWCE? In reality, the opposite is true. VWRL's share prices are above VWCE's. + +It's probably a trivial question, but I just can't get my head around it. Can you help me understand it? + +Thanks a lot, + +Martin +Hi ukpf, + +I’m not sure if this is the right place for this kind of post so please redirect me otherwise. + +But does anyone ever feel so demotivated about their own financial progress when looking at others. It annoys me because usually I don’t care what others have and I don’t have the desire to be better than anyone else, but I’ve spent the last year saving £10k (not a lot to some but it’s a really big amount for me) and then I see my peers buying or financing brand new cars or my partner will get given huge amount of money from her parents. Just makes me feel that, in perspective, was it worth living really frugally to save that money. + +Okay, rant over. Does anyone have any suggestions to overcome this feeling? Books? YouTube? Films? Etc + +Thanks +Original post: [https://www.reddit.com/r/UKPersonalFinance/comments/e4ymfg/swimming\_in\_debt/](https://www.reddit.com/r/UKPersonalFinance/comments/e4ymfg/swimming_in_debt/) + +&#x200B; + +Good evening all + +I posted the above (link provided) and I felt I was at the end of the line. It has only been six weeks since but I feel as if it has been an entire lifetime. + +My OH has been everything that I do not deserve. Supportive, understanding and patient. I know I let her down a lot and kept so much from her over the time we have been together but it's now out in the open. She encouraged me to share the situation doing so, told my parents who have financially supported me as much as they can right now. With their help, I cleared the Satsuma Loans debt (c. 600% APR) and the Barclaycard credit card (which the account is now closed) and it started the road ahead. + +With StepChange my other creditors have agreed to reduced payments (and most have frozen interest) and so far, so good. I have had constant calls from one or two but nothing I can't handle. I expected this the moment I sent off the pack to StepChange. However, StepChange have been so friendly, professional and exactly what I needed. My credit score will obviously suffer soon but it is just a number that I am not thinking about. From mid December my DMP started with all debts upto date with payments. I cancelled all of my direct debits with the creditors mentioned and StepChange collected the first payment last week. I felt very scared and anxious thinking it was a new low, but a week on with the extra money left (and in our joint account with an extra pair of eyes on) it has made such a difference to my/our finances. + +Whilst I have a very long way to go and by no means out of the doghouse yet, I would just like to thank everyone in UKPF that commented and advised on my original post. Without you guys I would not have been able to muster up the courage to head this problem face on and get the help I needed. I am not perfect and never will be with money, or decisions. I have an impulsive side that ruined my life. So from a bloke who considered ending it all an only option at one point, thank you thank you thank you. + +To everyone reading this or other threads in this subreddit in the same position that I and many others have been in, feeling like they have nowhere to go or nobody to talk to - please know that there is support always available to you. There is no shame in opening up to your loved ones, StepChange or on UKPF. There is a light at the end of the tunnel, you have the chance to turn it all around. I really do recommend reading all the comments in the original thread. + +CC +# Yes todays daily is 741 + +Good Morning Everyone! + +So today marks the first day of the OPEX window that extends through Thursday of this week. + +There is not much for me to cover that I didn't cover in my DD yesterday. + +[https://www.reddit.com/r/Superstonk/comments/sy36q8/wycking\_off\_for\_opex\_confluence\_of\_datasets\_and/](https://www.reddit.com/r/Superstonk/comments/sy36q8/wycking_off_for_opex_confluence_of_datasets_and/) + +I did want to talk about the effect of the possible conflict in Ukraine, as some of the action that were taken Yesterday by Putin could have an effect on our weekly expectations and they occurred after the DD was written. + +This is tricky as there is no actual conflict between NATO and Russia as of this moment, so the reaction in the market is hard to predict we saw large fluctuations in futures yesterday but they seem to be resolving to a more neutral outlook. The VIX is still elevated indicating more volatility is likely to play out in the market today. + +As for this effect on GameStop. Some early morning European arbitrage saw us drop almost $8 in premarket we seem to be recovering nicely so far as does the S&P 500. + +**This is uncertain, if the market corrects I do not know if the buy pressure from OPEX will be sufficient to inverse the selling from active investment funds. We will have to see.** + +To our downside we have support around 116.50 and 114.50. Below that 108 and 100 are our next strongest. + +[We do look well setup for a bounce here on the 1h](https://preview.redd.it/bvob207b4ej81.png?width=1529&format=png&auto=webp&s=04a47bd77f3b9fd0584defc416a4db79e4fc5fec) + +**DIX pics** + +[Big spike in the DIX last Friday jumping up over the 10 volume weighted average](https://preview.redd.it/jzpuwxjm4ej81.png?width=2486&format=png&auto=webp&s=2ca088a612f5c3bf56b91ce040468b28a425255c) + +[IV30 at 111.98&#37;](https://preview.redd.it/j4se9t3t4ej81.png?width=2505&format=png&auto=webp&s=b8fb9fad202025cb853502159bdb91a0eeb30965) + +[Some positive gamma exposure from last Friday could protect our downside as well](https://preview.redd.it/eubv49m45ej81.png?width=2481&format=png&auto=webp&s=0c8dde8bd01c1357f66ef2703c46bca6829a9f08) + +If GME remains stable or displays signs of negative beta during an overall downward market move we may see a surge of institutional interest. + +**You are welcome to check** [my profile](https://www.reddit.com/user/gherkinit) **for links to my previous DD, and YouTube Livestream & Clips** + +Historical Resistance/Support: + +46, 92, 98, 100, 104.50, 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 + +So not bad for the first day of this OPEX window we managed to outperform the market and had enough price action to keep us in line with our current trends. Remember that this OPEX period extends for another two days till Thursday of this week because of Monday's holiday. The goal here for them is likely to burn theta on weeklies, and wait on the conflict in Ukraine to play out. I will be looking for AH movement as it can sometimes signal the start of these runs. Thanks for tuning in see ya tomorrow. + +\- gherkinit + +https://preview.redd.it/uraazlkq8gj81.png?width=667&format=png&auto=webp&s=9a5e1f96dd6b6c4353406495c7f31b8e08958754 + +Edit 7 2:22 2/22/22 + +? + +https://preview.redd.it/7i50netiqfj81.png?width=1573&format=png&auto=webp&s=dff2e0e38ad69d5773d4b727135e7a02f4bb29b7 + +Edit 6 1:32 + +Invers H&S looks good for a push, market looks like it's waiting on the Biden speech + +https://preview.redd.it/vk7gcz7khfj81.png?width=1585&format=png&auto=webp&s=7f472452d35cdbaa1eaa4ed8c101afe2baf677b6 + +Edit 5 12:27 + +Looking at call volumes for upcoming expirations Feb 25 69% bullish + +[thanks for data goes to u\/Turdfurg23](https://preview.redd.it/d7i9lke16fj81.png?width=658&format=png&auto=webp&s=00cfac113fc3d41ac0f1a723bfa2b339ce4227cb) + +GME bouncing at the 116.50 resistance we spoke about earlier today + +https://preview.redd.it/irfxf3d56fj81.png?width=1594&format=png&auto=webp&s=20ff4062a2ed579979aaf351aca6ad0e593c3f61 + +Edit 4 11:57 + +Get shorted out of our consolidation at max pain into the midday as volume slows to a crawl. + +https://preview.redd.it/e5kgucjo0fj81.png?width=1585&format=png&auto=webp&s=b7ac36115d12910366211336969021cba22d0c6f + +Edit 3 11:09 + +A nice bounce of max pain but a weak breakout volume is still low but we are inversing the market currently + +https://preview.redd.it/s4zxs8f6sej81.png?width=1220&format=png&auto=webp&s=a430caf14ebfd863c0ea1a90cbc3af658262edb6 + +Edit 2 10:13 + +GME breaking gamma neutral/ max pain. + +https://preview.redd.it/ytv7aft2iej81.png?width=1601&format=png&auto=webp&s=345cd0efa70a6da0aa1dd1c0c67b24dd58808a04 + +Edit 1 10:03 + +Mostly just tracking with the overall market right now volume is still fairly low as we chop just below max pain. + +https://preview.redd.it/2oqnzr8fgej81.png?width=1589&format=png&auto=webp&s=48e05d3c2493a0170847dd979c3e78251b2edb25 + +# Pre-market Analysis + +GME seeing a nice bounce off the 1h trend I posted above. Regaining most of the value lost in the early morning so far. This looks tentatively bullish for now. + +[GME pre-market 1m](https://preview.redd.it/ay80jm7n6ej81.png?width=1521&format=png&auto=webp&s=c449364aa6e7fac4d216050457753e6d25492d39) + +Volume: 43.30k + +Max Pain: 120 + +Shares to Borrow: + +IBKR - 45,000 @ 1.9% + +Fidelity - 89,130 @ 1.5% + +(not a lot of available shares this morning, this is interesting we didn't see larger numbers returned over the weekend) + +TTM Squeeze + +[Fire signal now showing for last week](https://preview.redd.it/uzgckp8v6ej81.png?width=2447&format=png&auto=webp&s=827594830c1a208904ae814aa78c2451837cc116) + +BB/KC Squeeze Signal + +[BBKC firing on the 4h ](https://preview.redd.it/wpuwjhm57ej81.png?width=2444&format=png&auto=webp&s=00809274dec06de7e9f3ce4f10192a6437ffa081) + +This is generally significant when these both confirm a squeeze signal simultaneously ! Indicating Violent Upside Potential. + +CV\_VWAP + +Picking up some steam this morning + +https://preview.redd.it/yellj8zi7ej81.png?width=2452&format=png&auto=webp&s=eee195245e9343f5f4fc032fdedcf8f6f1eb983d + +&#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.* + +\**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 been trading for just under a year now, with limited success. I have yet to blow an account, but tend to take one step forward and one step back - so stay in the same place! + +I started off with completing baby pips and then went on to youtube so I think I have a good grasp of the basics, and I do believe I am quite a disciplined trader with a solid mindset - reading Trading in the Zone by Mark Douglas helped with that. + +My problem is finding a consistent strategy that I will stick to, so I just want to know if anyone has any recommendations on a strategy that has worked for them. I am prepared to put in the hours of learning and practice, but just need a push in the right direction for a good resource if anyone has came across one. I do prefer simpler strategies and until now have been working off price action with very little emphasis on any indicators. + +TLDR; Any strategy or resource recommendations for someone prepared to put in the time and effort? +Long story but I will try to keep it short. Matched a girl on Tinder a month ago. Been chatting a good amount. Have exchanged SFW pics... mainly because I was suspicious right from the start. She is very good looking (red flag, am I right?) and from Hong Kong (double red flag?). About a week ago, she starts asking if I ever trade anything and I say sometimes I trade stocks. She sends me a screenshot of her FX account which is +$72k in the past three months. Keep in mind I have never touched FX so I don't know how legit any of the screenshots are, but they look at least somewhat legit. + +She tells me I could make money too and she will help me. She tells me to research and download MT4. Today, she sends me a link to sunacmk.com and is walking me through the sign up process right now. + +I may be an idiot, but I am not a full blown idiot, at least not all the time. I am not entering any personal info into this site except my email address, and I am only creating a demo account and not giving any bank details. + +So, my question is this: is the gig already up, am I 100% for sure being scammed? Or can I keep seeing where this goes without putting myself at risk? Because I have plenty of time on my hands and I would love to see how this plays out so long as I don't lose all my money and/or identity. +I ponder this a lot. We supplement our declining birth rates and marriages rates with a lot of immigration. + +So, will SFH real estate investing be worth it in a decade, or is it a commodity that is waiting to combust based off of our low replacement rates? +I just bought a duplex last September. I moved into one unit and the other unit had an inherited tenant. They moved out last week and I wanted to get contractors out to fix up a few things before I get new tenants, as I only plan to live here a year, after which I'll be an out of state owner with less ability to keep a direct eye on the place. + +So far, most of the estimates I have received are calling for total replacements. The deck guy says I need a new deck, the roof guy says I need a new roof, the HVAC guy says I need a new HVAC. Their bids add up to tens of thousands. Now before you say that I probably do need all those things, I had a home inspector write up a report during the due diligence phase. He wrote things like "the deck has a couple loose boards, I recommend calling a qualified contractor to make any necessary repairs", or "there are a couple of nail pops on the roof, I recommend asking a qualified roofer to evaluate and repair as needed." + +Now, I am not against full replacements if they are warranted, but it got me thinking. How do I know if any of them are telling the truth? They stand to make a lot more money off me if I let them do a full replacement rather than just a repair, even if a repair was all I needed. And I'm no expert so I wouldn't know anyway. + +I used to have the same issue at the mechanic if my car had a problem, so I would go home and youtube the problem and find out that a job he quoted me $1300 to fix is really just a $350 part that you can get on ebay or amazon and install yourself with a screwdriver. But I can't read up on HVAC systems and roofs and decks all in the next week or two when I want to start showing the place to new tenants. + +How do you guys know when your contractor is advising too much work? Do you just get three bids and if they all advise a full replacement, you just hand them your $10,000? I could easily see multiple contractors playing the same game here, so multiple copies of the same advise doesn't make me feel much better about it. And I'm pretty new/alone in this business, so I can't get references from any friends/family. +Hi, 22M here. I'm reading into how much one should have saved by a certain age. It said that one should have saved .5x one's salary by the age of 25. Due to covid I took a pay cut and now make around $30000 a year. I have put all my savings into the stock market when it was very low. I put in about $40000. I'm scared of the market crashing again and losing money, but savings account annual return % dropped from 1.3% to 0.80%. Would you consider putting money into stocks to be the same as saving it? Also would you recommend to just save money into a savings account or just keep investing into the stock market and hold my funds in their instead? Thank you for your time. +Obviously I am way too young to be receiving this amount of money, but it just happened to be. I have lots of ideas on where I will be using the money/investments that I think will make a profit, but there is no guarantee of that. So I come here to ask for advice, how should I spend this? Invest into the stock market? Start a business? I am enlisted into the Army National Guard so I will have no problem paying off school. Please help. +I remember talking to my chatty dentist in 2008-2009 about his retirement. He told me that he was 80% total stock market and 20% total bond market the year he planned to retire (in 2009). + +He said he was all ready to retire when he reached his target total asset amount. He reached that amount in early 2008 but just when he was ready to pull the plug the stock market crashed and it kept dropping to eventually be 56% down. With an 80-20 portfolio, he was down about 45%. He panicked in early 2009 and sold all his stock funds and went to cash. He ended up working for another ten years. (Plans to retire next year in his late 60s) + +Is this you if the stock market has another bear market the year you plan to retire? + +--------------------------------------------- + +Added hours later: + +Regardless of where you have the money, the dentist mentioned now had 40% less money for retirement than he had before. I maintain he was no longer able to be retired/financial independent because in one short year he was way below his target needs for FI. +I often get asked if Bitcoin is sustainable when people find out I´m a miner and don´t really have a good comeback yet. So I wondered what´s your comeback when someone confronts you with Bitcoin not being environmentally sustainable? TIA +I think quite a few people need to hear this. It seems like a lot of people think this has to become their main career and it's "make enough to quit my day job or bust." + +For some people it is, but I promise that for the majority it isn't. Absolutely nothing wrong with small profits. You don't need to swing for the fences, so just take the base hit when you can. + +Given 20 days per trading month: + +$20/day = $400/month + +$25/day = $500/month + +$30/day = $600/month + +$35/day = $700/month + +$40/day = $800/month + +$45/day = $900/month + +$50/day = $1000/month + + +Note: This does not mean you shouldn't have a trading plan (should include risk management) in place. I am not advocating for having a daily profit goal or anything, but just wanted to provide some perspective to those who get FOMO or feel the greed creeping up when they see others talk about their big gains. +I think quite a few people need to hear this. It seems like a lot of people think this has to become their main career and it's "make enough to quit my day job or bust." + +For some people it is, but I promise that for the majority it isn't. Absolutely nothing wrong with small profits. You don't need to swing for the fences, so just take the base hit when you can. + +Given 20 days per trading month: + +$20/day = $400/month + +$25/day = $500/month + +$30/day = $600/month + +$35/day = $700/month + +$40/day = $800/month + +$45/day = $900/month + +$50/day = $1000/month + + +Note: This does not mean you shouldn't have a trading plan (should include risk management) in place. I am not advocating for having a daily profit goal or anything, but just wanted to provide some perspective to those who get FOMO or feel the greed creeping up when they see others talk about their big gains. +I've been waiting patiently to get to this milestone. Funny thing is that now that I'm here, I don't really have anyone I can tell. I am more of the average Joe when it comes to the pursuit of FI. I'm not the software engineer, lucky cryptocurrency investor, or large inheritance person that is typically seen in this sub. + +I graduated college with $35k in student loan debt. I studied finance but I only made $32k salary at my first job out of college. I was fairly unmotivated during college and this showed in my GPA which is impacting my job finding ability to this day, even though generally speaking I am very intelligent and capable. By 25 y/o I was making about $52k and I paid off the student loan debt and had a net worth of about $20k I think. 2.5 years later at 28 y/o, I now have a net worth of about $105k. I am currently maxing my t401k and rIRA, along with a bit more being saved in a taxable account. + +I currently work as an investment analyst with a base salary of $85k, and a total comp of about $100k including retirement contributions and bonus. My money is invested 50/50 bonds/stocks right now. The high bond portion is a recent development because I may purchase a home soon. The stocks are value stock ETFs (VBR and QUAL) and the bonds are intermediate and long term corporate bonds (VCIT and VCLT). I also have $2k in crypto....just in case. + +Secrets to my success: + +* I paid off my student loan debt ASAP. Ever seen the "miracle of compound interest" charts showing how much you can gain after investing for *x* years at *y* interest rate? Well debt is like the reverse of that and thus is exponentially worse in the opposite direction. Also I would like to say that FWIW, aggressively paying down debt is what taught me the budgeting discipline to be able to save money aggressively once the debt was gone. + +* Sold my car. Paying interest on debt is already bad enough as discussed above. Taking out debt to buy a "want" only to pay interest on a depreciating asset is stupid on steroids. Strategically aim to live in low rent areas near public transportation. If you do buy a car, the value of it should be less than 20% of your salary. + +* If you're in the 25% (soon to be 22%) marginal tax bracket, make pretax contributions to save on taxes. + +* Have cheap rent and get roommates if you need to. No one really expects anyone younger than 25 to have their own place at this point, and having roommates is good for your social life. + +* Be aggressive when it comes to shopping around for your recurring bills. Auto insurance going up with every 6 months renewal? On an old expensive Verizon cell phone plan? Did Comcast just increase your internet bill $80 after the end of the 1 year promotion period? Shop around when it comes to these types of bills. Back when I had a car, it was not uncommon for me to switch auto insurance just to save $5 per month. I switch back and forth between Comcast and Verizon cable TV in order to get the promotion rates. I'm currently on a pay as you go phone plan for only $40/month. Having these kind of "leaks" in your budget can be a symptom of a greater problem with your budgeting which can lead to much larger financial mishaps. + +* Don't let people convince you that you need to spend money on *x* in order to achieve something. You don't need student loans for an education. You don't need to travel to become cultured. You don't need to go out to bars to have a social life. You don't need a "reliable" new car to get in to work. You don't need to buy organic in order to be healthy. You don't need that new kitchen gadget instead of knife skills. You don't need $50 yoga classes to become flexible. You don't need supplements to lose weight. You don't need to buy a home in order to have peace of mind. Anyone who tells you different doesn't under the concept of a "need". Start from zero and build up from there and decide what it is you need and want for yourself rather than having someone else decide for you. +Throwaway for obvious reasons. + +I accumulated Bitcoin from early 2013 till 2017 and all bought and traded around to 100 Bitcoins. + +Did a lot of Crypto Trading in that timeframe, specially on btc-e.com, a Russian crypto gambling and trading site which was seized by the US Government. + +Thankfully I had a good nose and traded all LTC I bought there to BTC and send it to myself 2 weeks before the site was shut down. At the time that was around 17 Bitcoins. Never leave your coins in an exchange. + +Then 2017 came and i was a financial idiot at the time. Well after trading some more real money for some Coins I had a + of 2.350 Million Dollars. + +And I didn’t sell anything but my investment of around 90k. + +Now I think It was a stupid move. One of my main causes then was the Tax money I owned in some trades and I would have payed around 400k+ in Taxes which I would have liked to avoid. Maybe you can guess the country. Still – it was retarded and I know it. On the other hand, If I always had done everything from the book I would have never had such an uprising. + +It also was the 5th or 6th time I had witnessed a crash. Same business as usual I thought, money can get blurry even if it´s in this magnitude. + +Well, to now. January of 2019. I still have around 400.000 Dollars in Crypto, payed my taxes I owned form Crypto and iam very fortuned in life in general, so I guess I don´t mind as much as I should. + +Now why do I still hold? + +After seeing the manpower that was poured into Bitcoin and Blockchain development, the Education that was offered and the overall praise of Bitcoin in general – I want to hold. + +I believe with the next halving in May 2020, the real Bullrun will come if the Stars align. When some form of governmental recognition and an easy to use application for buying is in place till then, we will see a hopefully meteoric rise. If average joe can buy Bitcoin easy with an App and the Media picks up the hype. + +On the other hand, maybe the damage is done and no one cares anymore. But Bitcoin is still the same it was one or two or ten years ago. + +Nothing changed, it just got better. + +Just my story, you can make of it what you like. + +&#x200B; + +\-EDIT- + +&#x200B; + +I didn´t expect to log on this account anymore but damn, you guys are amazing. Thanks for the mature and kinds words. + +And thanks for the 6000 Satoshis, you guys are crazy. +So, am I the only one who actually thinks Crypto is showing how healthy it is at the moment? + +Over the past few months, there's been constant speculation in the media and in the public stating "bitcoin is a bubble", "crypto is a bubble", but, what they're failing to see is that Crypto is taking hits left and right, it falls, but it stabilizes and gets right back on its feet. + +I'd be much more concerned that all of this were a bubble if we kept on seeing that exponential growth we saw during a portion of 2017; that to me would indicate red flags all over, but, it hasn't really been the case since. This market has already tumbled several times, but finds the way to stabilize. + +Anyways, what's happening right now (South Korea FUD) is exactly the same as the China FUD in August, and we all know what happened after the market stabilized again. Be smart, peeps. +Good morning, UKPF. + +This is a throwaway account, as to maintain my privacy. I don't know if this is the right place to ask, but I'm desperate. + +Even prior to the cost of living increases, I've found myself struggling to make ends meet, but managed to mostly stay afloat. I was a student up until now, and thus received a maintenance loan. Working part time alongside that, I've managed to rent a flat and survive, yet I was always forced into building up a little more debt every month. + +Following some urgent dental work (wisdom teeth removal), coupled with the cost of living increase, my finances have been absolutely decimated. I currently owe my landlord two months of rent, and owe another £400 to my electricity provider. As I have already received my last instalment of maintenance loan, and will not receive it any further, I only have my part time job as a source of income, which pays me about £1100 per month. I haven't been able to increase my hours, nor find elsewhere to work, in spite of trying for the past couple of months. + +Due to repeatedly struggling to pay rent on time and now being severely behind, my landlord has asked me to move out, use my deposit to pay one month's worth of rent which I owe, and find some other means to eventually pay for the other month, after I have moved out. Although I was able to find a place which would've been affordable and wouldn't have incurred additional costs due to travel or dogsitting (working long shifts, I currently leave my dog with friends over the course of the day and pick him up in the evening, which works due to them living very close to me), I have had to go through a credit check, which unfortunately marked me as a high risk. As such, I've been asked to pay two months ahead in rent, on top of the deposit, which is something I already cannot afford. As such, the deal fell through, and I no longer have a place to look towards. The issue is that I have already informed my landlord of my prospective move-in date, and they have (allegedly) already booked an inventory visit on the very date that I'd have been given access to the room, which would've been on the 12th of August. + +In short, I have nowhere to move, yet I am asked to. I do not have any friends or family which would be able (and willing) to help me with money without taking a loan, and nobody who would be able to accommodate me, my pet and some of my belongings on such a short notice. What are my options? + +EDIT: I have no words to express how grateful I am for all the advice I've already received, truly. You, people, are amazing, and a light in the dark for me in this moment.. +Good Morning Everyone! + +With the FED minutes out of the way but still mildly inconclusive the market can begin to stabilize a bit after the last few days of uncertainty. It's likely that the rate increase of .25% has been priced in and the possibility for no rate increase at all will be a bullish signal. + +Moderately low ETF FTDs for today as well as MM FTDs + +ETF + +https://preview.redd.it/zypsvcrqcei81.png?width=341&format=png&auto=webp&s=3ca2f7eb8212ce399548ad8775e7ccda3e7a11f8 + +MM + +https://preview.redd.it/xmpwm61vcei81.png?width=2120&format=png&auto=webp&s=8a62aaf440e73b0ed9684267456480e39bf43a56 + +So if we see any significant upside movement it will be due to continued delta hedging of yesterdays slight increase, and or pre-hedging of this Friday's OPEX expiration. + +This hedging the run up in advance can dilute the volatility of the T+2 gamma exposure event next week. A similar tactic was applied moving into Nov. 19th last year. + +With some bullish sentiment returning to the market, it could support our climb up. + +GME trend technicals are looking good + +[ADX & DMI+\/- on the 1D](https://preview.redd.it/uxabcj8pbei81.png?width=1574&format=png&auto=webp&s=b0a4a273157bd2a5bed88f70a11a825354b834c0) + +[Still trading slightly above our current support we could see another test of 130 today. The call OI from 130-135 really dies off and there is not much to support a move beyond that. If we fail to maintain support \(more likely due to low expected volume\) or the market turns downward I expect we will drift back towards max pain at 125 or our low support at 120. ](https://preview.redd.it/uby7a8ifeei81.png?width=1733&format=png&auto=webp&s=ad8ee7e416db12910f357c47c83d9a4cd50cf33a) + +**DIX Pics** + +[Dark pool volume still elevated ](https://preview.redd.it/zv8u7qlbfei81.png?width=2506&format=png&auto=webp&s=acb3b3c1fee97d9edfa7852be15ba5e1c006dd4f) + +[IV holding steady no significant increase yesterday these low volume slow climbs tend to stabilize volatility which is beneficial for those holding variance swaps](https://preview.redd.it/huk6dyngfei81.png?width=2509&format=png&auto=webp&s=2abbfb3d03853caa30c10b5056b1fc211b2a7dc3) + +[GEX still climbing](https://preview.redd.it/ukcev9tifei81.png?width=2475&format=png&auto=webp&s=c82e9f197f2fe69a2cc8be11281868aceb545928) + +&#x200B; + +[Thanks to u\/Brave-Vacation6792](https://preview.redd.it/9x1zmdf9iei81.png?width=1225&format=png&auto=webp&s=b61fee9f810be596e3486525f86d74afefa9e065) + +**You are welcome to check** [my profile](https://www.reddit.com/user/gherkinit) **for links to my previous DD, and YouTube Livestream & Clips** + +Historical Resistance/Support: + +46, 92, 98, 100, 104.50, 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-hours + +We fell a little below our expected range today toward close, large number of ITM 1DTE puts bought towards the end of the day. But still did well given the overall decline in the S&P. Tomorrow is the options expiration day for this Quarterly cycle. We may begin to see a significant amount of hedging occur, if we do not I expect next week to yield some decent gains as Quarterly ETF and Index options gamma exposure is settled. Thanks for tuning in, see you tomorrow. + +\- Gherkinit + +https://preview.redd.it/ueze99asjgi81.png?width=692&format=png&auto=webp&s=428363eaa7b5a1fc24e5a899af6834dcdc4894c2 + +[Fellow to the lower trend support from this morning but we are setup nicely for a bounce.](https://preview.redd.it/okurddiukgi81.png?width=1576&format=png&auto=webp&s=24c3217cc01a547b6400e9b91a213a9705b3dc30) + +Edit 4 2:31 + +Finding a soft landing on this support at 123.4, 50k shares borrowed a little while ago precipitating the tail end of this drop. Buy pressure mounting looks like we could move up into close if demand picks up. + +https://preview.redd.it/3evamxiw3gi81.png?width=1579&format=png&auto=webp&s=16f2db231b6d46e25b6a3e9ae2fd8cdea6abec44 + +Edit 3 2:03 + +Dropped back down to max pain we could see a bit lower, If you look at Nov. 18th we are tracking almost exactly which could mean big up tomorrow if the pre-hedge their exposure. + +https://preview.redd.it/jqe61aatyfi81.png?width=1573&format=png&auto=webp&s=10f724cfc189c47ab2665d3b96423ef39d7ef9f2 + +Edit 2 12:08 + +Intraday trend is weakening. Looks like we are gonna head back down to the 126-127 range, this looks like an attempt to siphon off some of the IV that was building earlier. + +https://preview.redd.it/g31b5p9befi81.png?width=1593&format=png&auto=webp&s=6ecf87d625da1d91a452268da48b9fc37c4f2ff1 + +Edit 1 11:15 + +Very low volume slow climb, continuing to inverse the overall market outperforming once again, and moving into our 3rd test of the 130 resistance today. If we can break 130 there is still a bit of a dead zone up to 135. The positive trend is however staying strong. + +https://preview.redd.it/hzu2txyt4fi81.png?width=1588&format=png&auto=webp&s=b66340e652cc523201b3aaf59833a52e308c1d23 + +# Pre-Market Analysis + +Low volume and basically flat for much of pre-market today. + +Volume: 7.48k + +Max Pain: $125 + +Shares to Borrow: + +IBKR - 100,000 @ 1.8% (drop of .8% in the rate here) + +Fidelity - 2,306 @ 1.5% + +[GME Pre-market on the 1m](https://preview.redd.it/s4pv71hngei81.png?width=1589&format=png&auto=webp&s=84a7ea8f356d71cd1a58eee510841dbbd3069418) + +TTM Squeeze + +[looking very similar to the May run up right now](https://preview.redd.it/33iw6c34hei81.png?width=2453&format=png&auto=webp&s=02d8d748dcac3e27ca48ef85b81c950ea4dca436) + +[Little weaker signal but only a couple points off](https://preview.redd.it/vx9vbk8qhei81.png?width=2448&format=png&auto=webp&s=d2c63cfa67375b59a9c91046418cc9b353428b3f) + +CV\_VWAP + +https://preview.redd.it/o82uu73ghei81.png?width=2455&format=png&auto=webp&s=92fd5a67b7e4c5a348c2a5e93ce918c9c9a34c91 + +**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.* +During the BRICS Summit, Russian President Vladimir Putin announced that the five-member economies — Brazil, Russia, India, China, and South Africa – plan to issue a “new global reserve currency”. + +Additionally, Turkey, Egypt, and Saudi Arabia are considering joining the BRICS group. Analysts believe the BRICS move to create a reserve currency is an attempt to undermine the US dollar and the IMF’s SDRs. + +Edit: they want to use minerals such as gold, silver, uranium, nickel, copper as currency. Tangible things. These countries have a shit ton of those minerals. + +Source: https://www.themorning.lk/russia-china-brics-plan-new-intl-reserve-currency/ + Hey guys, + +Some of you may know me as the user that wrote a ton of DD regarding Bank of America this summer. + +Anyways I need a little help regarding a little project of mine. I have submitted multiple freedom of information act requests at the CFTC relating to [Chair Rostin Bedham.](https://www.cftc.gov/About/ExecutiveLeadership/RostinBehnam/index.htm) + +**The What:** + +As per the Lobbying Disclosure Act, anyone lobbying the Chair of the CFTC would need to disclose their activities. This is why Chair Gary Gensler of the SEC shares [his schedule](https://www.sec.gov/foia/docs/sec-chair-calendar.htm) and Janet Yellen of the Treasury shares [her schedule](https://home.treasury.gov/footer/freedom-of-information-act/electronic-read-room/calendars-and-travel-of-the-secretary). + +&#x200B; + +https://preview.redd.it/q50iups2qm181.png?width=954&format=png&auto=webp&s=74215becd2710d9f4b1e67810863862f45427511 + +What is different about the CFTC is that they do report their external meetings with lobbyists which can be found here. [Link](https://www.cftc.gov/LawRegulation/DoddFrankAct/ExternalMeetings) + +Now I understand most government agencies are underfunded and understaffed but it's been 221 days since this disclosure has been updated. Additionally, when it is uploaded it's done poorly. I highly doubt 50 meetings occurred on April 8th, while only a handful happened prior. US Citizens have a legal right to this information. + +**Now after waiting for months, this is the response I have received from the lawyer at the CFTC.** + +&#x200B; + +[ The CFTC has had \\"issues with outlook\\" regarding the chairs schedule for close to 3 months ](https://preview.redd.it/4gyzaz35qm181.png?width=1440&format=png&auto=webp&s=2a371a63cf101670157221c7a2a6ace0a037659d) + + + +**There is no reason why the schedule of the Chair isn't accessible, and to blame outlook is a copout. As per the Lobbying Disclosure Act, all meetings the Chair has outside of the CFTC should be documented as well. His email has nothing to do with data retrieval.** + +From here I did reach out to the staff of a member of congress, and they were willing to submit an inquiry into my request. Unfortunately, as I am a Canadian Ape, house ethics rules prohibit congressional offices from placing inquiries with federal agencies on behalf of non-constituents. Foiled again. + +**The Why:** This information is important! We know that earlier this year the CFTC decided to turn off the reporting of swaps until 2023. The CFTC would not resort to such an action for no reason. Let's find out who is taking meetings with the chair and pleading for help. + +As the improper regulation and enforcements of swaps are likely a contributor to what caused this whole saga it's important to see what actions the CFTC have taken since the Jan run-up. I theorized that Morgan Stanley likely has a short position on GME by their heads of legal and compliance divisions meeting with Gary this summer (along with other supporting evidence in this DD [Link](https://www.reddit.com/r/Superstonk/comments/qm9tnr/bank_of_america_quarterly_update_morgan_stanley/) ) + +&#x200B; + +https://preview.redd.it/h3erc358qm181.png?width=914&format=png&auto=webp&s=aef1a49e091ef22e6b8c73a9b823663adb94fc2f + + + +**The How:** + +Now I'm asking for help. This is a politically free subreddit that isn't Red or Blue so **no politics**. I'm asking for **US Residents** to reach out to their local representatives to inquire about updating their transparency page and to apply pressure regarding the delivery of CFTC request 21-00142-FOIA. You can find whom your representative is here at: [https://www.house.gov/representatives](https://www.house.gov/representatives) + +Below is my original FOIA request. Upon communication with the department, I have since narrowed down the search to Chairman Behman. + +&#x200B; + +https://preview.redd.it/p13i6y5aqm181.png?width=567&format=png&auto=webp&s=2d86b4e5577cbe19fbc557e018e0c31fc016550c + +https://preview.redd.it/q9m7to1bqm181.png?width=583&format=png&auto=webp&s=3d01b7edb913a92818b3983959cd6ba028fc15dc + + Thanks, guys. Let's figure this out together +Barclays UK is sending out messages to people who have used their account to transfer funds to Binance stating they will suspend the transactions. + +[Text message from Barclays](https://preview.redd.it/ktuehrwrde971.jpg?width=944&format=pjpg&auto=webp&s=02228890569ac8e45709068d090b0168c2d2ef03) + +"Help keep your money safe" lol. + +This same bank Barclays had manipulated LIBOR rates and caused damages to the tune of billions and paid a fine of $450m for their illegal actions and violating the trust of market participants. + +>In June of 2012, Barclays plc admitted that it had manipulated LIBOR—a benchmark interest rate that was fundamental to the operation of international financial markets and that was the basis for trillions of dollars of financial transactions. Between 2005 and 2009 Barclays, one of the world's largest and most important banks, manipulated LIBOR to gain profits and/or limit losses from derivative trades. In addition, between 2007 and 2009 the firm had made dishonestly low LIBOR submission rates to dampen market speculation and negative media comments about the firm's viability during the financial crisis. In settling with U.K. and U.S. regulators the firm agreed to pay $450 million in fines. Within a few days of the settlement, Barclays' CEO, Robert Diamond, had resigned under pressure from British regulators. + +Source: [https://www.hbs.edu/faculty/Pages/item.aspx?num=43888](https://www.hbs.edu/faculty/Pages/item.aspx?num=43888) + +Now the same bank wants to preach where one can and cannot spend their own funds. + +Authoritarian banks which undertake illegal manipulative schemes behind the curtains but without any shame pretend they are the gatekeeper of everyone's finances like this are the very reason crypto came into being and has grown over the past decade. +It’s amazing how $5,000 would literally change my life right now. To so many people this is such an insignificant amount of money. That’s mind blowing on its own. But $5,000 would allow me to catch up and pay all my bills and not constantly have to struggle living paycheck to paycheck. Living in constant fear of losing hours, getting sick, etc. My mental health, stress, and anxiety would drastically decrease. I would sleep. I miss sleep so much but I’ve been too stressed to sleep. It would change everything. $5,000 would change my life. +I'd like to start logging my own options data, so that I can build out a nicely fleshed out database over time. I was considering pulling this data from IBKR, but they don't appear to support options chains that well (looks like they will tell you the list of strikes, the list of expirations, and you just try any combination you want and hope the option exists). TDAmeritrade has a nice API (rest API + pull the whole options chain), but the API in general doesn't seem to be that well supported. Are there any other sources I should be considering? Any thoughts on these sources? +Guten Morgen to this global band of Apes! 👋🦍 + +Apes, I know I keep on saying it, but we are experiencing some exciting moments in the GME Saga. This particular moment feels charged with expectations and potential, and I cannot wait to see what this week brings. Last week, of course, we saw some very intense continued downward pressure by the SHFs, culminating in an enormous number of Puts expiring out of the money. While many of these were ancient by GME standards, and priced expecting the demise of the company we like, they are likely to have been utilized to cover *some* of the shorted shares, and now are no longer able to serve that purpose. + +Also last week, we saw another betrayal of Apes at the hands of Apex clearing. It is clear that Apex cannot be trusted, and while the brokers that use Apex may genuinely *want* to allow Apes to DRS (or Buy, for that matter), they are ultimately powerless as long as Apex is their clearing agent. There is no better time than now to get your investments transferred elsewhere. Even if you didn't plan to DRS your shares via an Apex broker, who is to say that they won't disable the buy or sell buttons in the future? Who's to say that they've actually purchased and delivered your shares? + +This week marks the anniversary of the Sneeze, and many will be watching how things play out from here. I expect nothing short of spectacular amounts of FUD and SHF manipulation. However, our Diamantenhände are stronger than their desire to survive. We will prevail. + +Today is Monday, January 24th, 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: **$105.39 / 92,88 €** *(volume: 3008)* +- 🟥 115 minutes in: $105.32 / 92,81 € *(volume: 2987)* +- 🟩 110 minutes in: $105.45 / 92,92 € *(volume: 2828)* +- 🟥 105 minutes in: $105.36 / 92,84 € *(volume: 2778)* +- 🟥 100 minutes in: $105.46 / 92,94 € *(volume: 2748)* +- 🟥 95 minutes in: $105.47 / 92,94 € *(volume: 2730)* +- 🟥 90 minutes in: $105.53 / 92,99 € *(volume: 2695)* +- 🟥 85 minutes in: $105.54 / 93,00 € *(volume: 2669)* +- 🟩 80 minutes in: $105.65 / 93,10 € *(volume: 2612)* +- 🟥 75 minutes in: $104.93 / 92,47 € *(volume: 2382)* +- 🟥 70 minutes in: $105.07 / 92,59 € *(volume: 2305)* +- 🟩 65 minutes in: $105.17 / 92,68 € *(volume: 2245)* +- 🟩 60 minutes in: $104.85 / 92,39 € *(volume: 1339)* +- ⬜ 55 minutes in: $104.76 / 92,32 € *(volume: 1135)* +- 🟥 50 minutes in: $104.76 / 92,32 € *(volume: 1135)* +- 🟩 45 minutes in: $104.78 / 92,33 € *(volume: 1121)* +- 🟥 40 minutes in: $104.75 / 92,31 € *(volume: 1115)* +- 🟥 35 minutes in: $104.80 / 92,35 € *(volume: 1110)* +- 🟩 30 minutes in: $104.80 / 92,35 € *(volume: 1090)* +- 🟩 25 minutes in: $104.77 / 92,33 € *(volume: 1063)* +- 🟥 20 minutes in: $104.74 / 92,29 € *(volume: 950)* +- 🟥 15 minutes in: $104.77 / 92,32 € *(volume: 888)* +- 🟥 10 minutes in: $104.78 / 92,33 € *(volume: 853)* +- 🟥 5 minutes in: $105.19 / 92,69 € *(volume: 381)* +- 🟥 0 minutes in: $105.33 / 92,82 € *(volume: 104)* +- 🟩 US close price: $106.36 / 93,73 € *($105.04 / 92,56 € 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 1.1348. 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’m 2nd generation with immigrant parents who I support as they have no retirement savings. My wife and I are a dual physician income family so we’re fortunate and are on pace for FATFIRE with our 2 young kids and should be able to provide them a nice trust as well. + +I have an older brother who has 1 kid and expecting another soon. He’s a great guy and is trying his best to juggle his work and family life. + +I feel guilty because he’s like most Americans where he earns a decent earning but lives in a high COL area with high housing cost. His relatively good income is dependent on living in this area. + +My question is how much do I help him? I feel conflicted because we are where we are in life based off a lot of individual choices and effort but at the same time I know he would have gone out of his way to look out for me. + +He’s certainly not struggling but he’ll likely have a hard time paying for his kids college (I can afford 529 for both his kids to support them through undergrad) and buying a home. Part of me thinks he should buckle down and save aggressively but it feels guilty saying that when I’m living a much more comfortable lifestyle. + +Thoughts? +Currently on Reddit, there exists no safe space to discuss GME in a neutral way. There is simply too much misinformation, aggressively pushed by financially incentivized mods in other communities. + +Other communities intentionally create echo chambers by automatically and manually banning those who oppose the "stock goes up" narrative. They also bombard r/all with blatant misinformation on a daily basis. + +With so much misinformation, it's long overdue to create a neutral space where this topic can be discussed. + +This thread is a **safe space**, which means: + +* comments that target a user and not the content of their post will be removed + +* you should participate in good faith and assume good faith in others + +* hollow comments ("short it then", "GME to $20", "read the DD" etc.) are not helpful and will be removed + +#IMPORTANT: THIS IS NOT A THREAD TO DUNK ON OTHERS. + +Use the daily thread for that. It takes a lot of guts to look critically at your actions. It's not easy to admit you may have been wrong, especially if you have lost money on it. (This goes for both the long and short side). + +In short, just be fair to each other. We gain nothing from yelling at one another or silencing one side and not the other. + +If you truly believe in your thesis, you should be able to communicate that, and you shouldn't be mad when others disagree, you should use it as an opportunity to enhance your understanding and make better decisions. + +Your portfolio won't improve if you convince other people here to follow you, but it will improve if you learn something and make better trades. + +God, please don't let this thread be a shitshow. +HeRe We Go AgAiN... another post about Bigger Pockets. This is a partial complaint but also a cry for help. + +I used to be an avid listener of Bigger Pockets podcast. Yes, I acknowledge that you can say the same thing in only so many different ways. However, I used to get at least one or two golden nuggets of information from most interviews. It was great to hear some of the success stories and specially the short falls (which is where I learn the most) of some of these investors. There are great podcasts that would talk about systems, dealing with contractors, negotiations, etc. + +Now I feel like those days are long gone and I'm hearing life coaches peddling their books and a bunch of fluff. The "witty banter" from the hosts is subpar at best and cringe worthy most of the time. So I've said no more... but I still want to intake content. + +I currently own multiple units, have several rehabs going, and a few wholetail deals as well. So I'm not a big wig, but this isn't my first rodeo either. So I'm looking for content with meat and potatoes still left in the stew, none of this watered down, unseasoned, luke warm, watered down crap. + +Anyone have any resources that still put out good content? + +Sorry if this has been covered before. +I realize a lot of posts like this come from new investors looking for down payment money but I want to come at this from a different perspective - assuming an investor with bit of experience under the belt and figuring out the type of real estate deal that would be worthy of considering raiding a retirement account. + +NOTE: this is not me telling you the answer - it's me trying to answer my own discussion question with fairly detailed example data so we have something to kick around. I did do this in 2012 with a very small amount of money and it worked out very very well due to timing the bottom of the GFC. Bigger balances require more consideration and the current market is on the high side. + +Let's assume a $500k balance in a 401k -- big enough to be painful to take a tax hit and still have enough leftover for a decent sized RE deal. Adjust pro-rata if you want to calibrate. The goal with this money is to shift it from tax-deferred accounts in order to use income to retire in 5 years rather than 20+ years. Most of the content on the subject rightfully discourages people from doing this because most people suck at investing and also don't really understand the full power real estate tax advantages through depreciation, the ability to buy below market and force appreciation through your own efforts. + +So with that in mind, let's talk about the right circumstances necessary for such a move to make sense given how much you'd lose in taxes and penalties + +Scenario: $500k in a 401k account. Based on tax brackets and the penalty, we'll assume a total of 50% paid in taxes to arrive at $250k in net proceeds for RE investing. Assuming something like 35% effective tax rate, 10% penalty, 5% state for this type of balance. Would be interested in input on this. + +&#x200B; + +The Baseline Scenario + +If we don't do anything, the stock portfolio will grow over time. 10% is a typical assumption for long term historical returns on stocks and also a nice round number. Most estimates put the average REAL return, net of inflation, at around 8%. I don't want to get into inflation forecasting in this so we'll assume we need to beat an 8% real return over the 20 years and that inflation is 0%. $500,000 at 8% for 20 years comes out to about $2.46 million if compounded monthly ($500 \* (1+.08/12)\^240-1) or using the Excel function =FV(.08/12,240,0,-500000) + +&#x200B; + +The REI Scenario + +How do we catch up to the same $2.46 million in 20 years with the $250k? A 11.5% CAGR. In Excel =RATE(240,0,-250000,2463401.39)\*12 = .1149 + +Now, since we're looking for income for early retirement in 5 years rather than waiting for retirement age, we'll say that the net cash flow needs to go towards early retirement living expenses, and the $250k will need to earn 11.5% annualized without the cash flow to end up at the same $2.46 million. Sounds a little aggressive but not crazy. + +So how do we get to $2.46 million with $250k while still getting cash flow during that 20 years? + +Use the $250k to buy a $800k property that is under-rented, poorly managed, and needs some upgrades. Multifamily, commercial, whatever make sense. There tons of options for JVs, seller finance and creative tactics that can be used but we'll keep it simple. + +You use $200k for a down payment, borrow $600k (75% of purchase) on a 25 year amortization at 5.0% interest (a $3,508 payment with about $1,000 in principal paydown in month one -- which is about 2% on your initial equity outlay). The extra $50k of the total $250k goes to getting the property cleaned up and for reserves. Your target going-in cap rate is 7.00% which would result in a 7.0% cash on cash - about $17k a year in tax sheltered income. Note that cap rates don't necessarily coincide with cash on cash returns - it just happens to be the case for 5% debt at 75% LTV on a 7 cap deal) + +Here's where it gets interesting - while your equity needs to grow at 11.5% to keep pace with the 401k, your leveraged asset value of $850k has a lot less work to do. A CAGR of 6.0% on your property value starting at $850k would result in an ending equity balance of $2.46 million after we subtract the ending mortgage balance. At that 20 year mark, your loan is amortizing very quickly and would add another $42k in income once paid off over the next 10. The $17k in year 1 cash flow annualized over 20 years is $340k, and that ignores any growth in market rents, amortization ,etc. Not going to get you retired on this deal alone but $1500 a month is pretty good money. + +I mentioned a 5 year target for early retirement above and that window until you need the cash flow (\~$85k) isn't really addressed. You could save that cash flow to for another property, to pay some of the mortgage debt down early so that it's fully paid off by year 20, or flip this property quickly and shoot for a bigger deal. Lots of angles that could be explored. I'm ignoring the possibility of commingling the $250k along with other money you have to invest just to keep the comparison to the 401k clean. That 5 year timeline is selfishly mine but also to give time to make improvements, flip into another deal, etc. + +&#x200B; + +Benefits: + +\-Several ways to make up the returns needed through income, appreciation, loan amortization + +\-Flexibility to buy into one large deal or spread it around into syndications + +\-Can 1031 exchange forever and heirs get stepped up basis + +\-Accelerated early retirement + +\-Ability to force appreciation and be smart about property/market selection vs being at the mercy of equity markets + +&#x200B; + +Downsides: + +\-Not as diversified, could fail to execute + +\-More likely to be wiped out in a crash due to the mortgage + +\-Requires more effort to manage (either DIY property management or managing managers) + +&#x200B; + +Conclusion: + +My takeaway is that the use of fixed rate leverage on a deal one could reasonably expect to find does a ton for helping you to catch up to a 50% haircut when pulling 401k funds out. I thought it would take more of a "screaming deal" to catch up. + +The 8% real return on stocks comes with its own risks and it doesn't seem to me that the risks are that different from each other. If you consider them relatively equal risk-wise, the additional control and cash flow from RE would seem to tip the scale in its favor. + +&#x200B; + +What do YOU think? Did I miss something big? Is this only for reckless idiots? Is it Smart, Actually? + +&#x200B; + +Footnotes: + +\[Income tax difference: One caveat here is that the real estate income is going to be protected to some degree by depreciation, especially in the early years, making the after-tax comparison to retirement account income different. For this exercise I'm assuming most of the depreciation benefits are used up by the 20 year mark so the income expectations from both scenarios are roughly equal. This is mainly to avoid getting too complicated at this stage but I would 100% have this modeled out before actually pulling the trigger. A smart investor would 1031 into something bigger to keep the depreciation benefits (and diversify) which would tip the scale in favor of the REI.\] +As the title says, I recently inherited a small rental development from a family member. Assuming full occupancy, the property will gross about $90k a year and I have 100% equity. I have always wanted to get into real estate and feel like this is an amazing first step that I am incredibly fortunate to have acquired. I also feel like a very savvy person could take this asset and with the right decisions and a little luck, create some serious wealth. Is using this property as leverage for new investments a bad idea? I’m just looking for some ideas that maybe I haven’t thought of yet. Thanks. +For instance, if you have an Oct call vs a 2023 call, with all things considered, which would most likely yield the highest gains or would be “better” to be in during a gamma squeeze or short squeeze? +Does anyone else get this? I don't recall where I heard this term, but I think about it alot. Frugal Fatigue is the phenomenon that when poor people come into any extra money, they tend to blow it on something they don't really need, instead of doing something smarter with it, like saving. Or even if you don't come into money, you just get tired of constantly having to curb your desires and so you "treat yourself" even though it appears you haven't really earned it. Or maybe you spend a little bit of money on a tiny luxury, like the brand name detergent you just love the smell of. And it ends up royally screwing you at the end of the month. Then you feel like a worthless schlub because you don't even deserve nice detergent. Or how about when you say "fuck it! might as well spend my last $20 because it won't make a difference and it's never going to get better" + +Being poor can be exhausting. I've fallen victim to frugal fatigue more times than I care to admit. Like when I'd go weeks eating ramen and rice to barely scrape by paying bills, and the very next week spend an extra 10-12$ on energy drinks I don't need, inevitably ending up 10$ in the hole for my "reckless" spending. + +I see a lot of people being very judgemental towards people who get frugal fatigue. And I'm not saying it's okay to make these poor choices. I'm just saying, have some understanding. I think most poor people live this way, and didn't end up in their situation because of true massively reckless spending. + +Ive recently managed to get myself on more decent financial footing, and ironically I find it more motivating now to be frugal. I don't get the fatigue from constantly stressing about bills. I feel more secure, and am able to make more rational, long term decisions. (That $20 can make a difference!) I don't want to go back to the fatigue. + +I hope this sub can be a place where we can motivate and help each other through the fatigue. +They will start feeling soon how all those poor families felt in 2008 that had there lives ripped apart in front of there eyes all because of of hedgies and banks. +Apes, you are writing the greatest story of all time about David vs Goliath. Your future generational family will tell stories about how you stood up against the system while all odds were against you.... and WON. + +Do this for all the people that have lost everything, including their lives because of the fuckery these market manipulators have been playing all these years. Ensuring that you must work minimum 40 hours a week to barely get by. This is all their doing. + +It's time to take back what has been stolen from the entire planet for many many many years. + +I'm in it for the fight, for the glory, and of course for the bananas. But mostly, I'm in it to be part of real change that this world needs. And that change will be us APES. + + + + +EDIT: Link to article + +https://ca.finance.yahoo.com/news/gamestop-amc-short-sellers-lost-124332329.html +And if so, can you share your experience? + +&#x200B; + +A little background. + +&#x200B; + +I am on the verge of a liquidity event that would enable me to FIRE in the very near future, and a friend of mine who works for one of the big investment banks urged me to speak with one of their "Private Wealth Managers". I was curious to hear the pitch, so I went ahead with the meeting. + +During the meeting we covered a range of topics, ranging from risk profiles, tax strategies, investment products (of course), inter-generational wealth transfer, charitable trusts and so on. He also talked about his background and the types of clients he works (net worth starting at $30M - I am nowhere near that!) with along with the scale of some of their portfolios. He seemed like a nice guy. + +We also covered how he is compensated, which is unsurprisingly based on assets under management. Their fees start at 90 basis points and scale down as the portfolio gets bigger. + +During our conversation, we talked about financial independence, and he said that the likes to use "35 times expenses" as a guide, because he errs towards being conservative. That works out to about a 2.85%, which seems low to me. Than I thought about it...if you add on their .9% in fees, you end up at a withdrawal rate of 3.75%. Interesting. + +The term "private wealth manager" just sounds like a fancier title for "financial planner" for those with more money. The person I spoke with framed it as "the family CFO", where their services extend beyond investment strategy. + +&#x200B; + +I have always believed that "no one cares more about your money than you do" and I have never employed a financial planner. I have always taken it upon myself to be educated on the topic of personal finance and hold myself responsible for the outcomes. To say that I am deeply skeptical of this profession would be an understatement, and I would guess that many people here feel the same way. + +&#x200B; + +But! As I enter into a new financial phase of my life, I wondering if I am missing something. Do private wealth managers offer real value when the complexity of the financial picture get to a certain scale? Am I missing something? + +&#x200B; + +So I am curious if anyone here works with a wealth manager and if you can shed some light on how they added value? + +&#x200B; + +Thx. + +&#x200B; + +EDIT: Thanks everyone for all of the thoughtful replies - there's a lot of really good information here and a lot for me to think about. As for me, I have been investing in index funds for the past 15 years as well as real estate, and that has served me well so far (current NW $6.7M or thereabouts). I also work with a lawyer for estate planning and an accountant for tax planning so I feel I already have many of the bases covered. + +I do think PWMs offer value to some people and it was helpful to hear other perspectives on this. Based on my conversation, I think they are better suited to those who have larger portfolios and are willing to allocate a portion towards higher risk opportunities. I just don't think they are right for me at this point. + +&#x200B; + +Thank you again for all of the responses. + +&#x200B; + +&#x200B; +**Edit:** To preface, this opinion was not posted to solidify any fact or prediction for the future of the Australian Economy, just another point to spark conversation and debate (which it certainly has). It should be noted that his focus is primarily in the Microeconomics of the choices made in households. + +So I emailed my Professor from University who runs the econometrics course, about his thoughts on the speculated RBA cash rate cuts and how they will influence the housing market. You can see my original email [here](https://imgur.com/a/yTY13jD). + +This was his response: + +"Hi (again) , + +Yes I remember you.  You should almost know most of these answer from your degree + +Yes the lower interest rates will +1. encourage businesses to undertake more business investment as the cost of borrowing has declined and more project will now have a ROR greater than the opportunity cost of capital (the interest rate) + +* **encourage households with mortgages to spend more as their required mortgage repayments go down – this is a large part of the population**. + +* encourage self-funded retirees to spend less as their interest income has declined - this is only a very small part of the population. + +* encourage foreign investors to pull their money out of Australia, reducing the demand for $A, lowering the $A, which will improves exports, but make imports more expensive. + +**Effect on Housing** + +* Increase the amount that borrowers can borrow or reduce the size of their repayments => a slight increase the demand for purchasing housing => slight upward pressure on prices + +* Decrease the cost of borrowing/opportunity cost of capital for investors/builders => increase the supply of housing => pressure on prices to lower. + +* But given house prices are expected to fall I don’t see the housing supply increasing much. + +* **The main thing that determines when people buy a house is not the interest rate**, but the **timing of secure employment, marriage and kids**. So I do not believe cutting the interest rate will boost the demand for housing much at all. It might make some people borrow more, but it won’t turn many renters into borrowers. + +* In addition a falling or rising house prices prior to a purchase don’t really effect households that only intend to own one home. So falls (or rises) in house prices don’t effect residential demand (only investor demand) + + +But the RBA is not cutting the interest rate to rescue Melbourne and Sydney house prices! (Well I bloody hope they aren’t as it is against their charter ) + +The RBA is cutting interest rate to help get Australia’s economy moving again. The cut should help the Australian economy get out this incomes recession we have been in for the last few years. + +The RBA will be hoping that it does not encourage too much additional household borrowing, but does encourage more business investment and household consumption (which is very sluggish and the main reason for our zero real per capita growth) + +So no I don’t think the RBA is being reckless by cutting interest rates, it would be reckless of them to not to cut interest rates and let Australia slip further in recession. What has been reckless of the RBA is that inflation has been well below its target range for almost 2 years and it has not cut interest rates until now! If it has cut them, a year ago, we may have avoided this income recession. + +**Do you think that Australia is heading towards a housing bubble collapse** ? (Just to be clear, I asked him this in my previous email) + +I think prices in Sydney, Melbourne, Perth and Brisbane will continue to fall, probably about another 20% over the next year or two and then flatten out. + +I would call it a correction rather than a collapse. + +**Remember that so long as people keep their jobs, people that own only one house, should not care about house prices as they are irrelevant** (ignoring the property in people’s super accounts) + +The RBA cutting interest rates should stimulate the economy enough to allow people to keep their jobs and so avoid a housing collapse. + +Regards," +Hey I’m an idiot. Bought 150 puts March 26 on Wednesday cuz I figured gme was going to keep shitting. Thursday came I was up a good chunk and decided to let the winner ride out.... then Thursday came and you apes went ape shit. I love game stop y’all I only bought puts for technical purposes. Ended up trying to average down as gme went above 150 on Thursday (huge mistake and broke my rule of adding to a loser.... long story short my account went from 36k down to 12k after spending all month grinding to make 6 grand.... I’m so fucking devastated. We are in the process of buying a house, I lost my job, and then this happened. I know I should have cut losses quicker I just couldn’t believe my eyes watching gme moon like it did I had a feeling it would hault down or something.... just needed a place to vent.... Don’t really know what to do from here but day trading is on pause.... any empathy post with relatable stories would be nice.... +I am currently buying and accumulating VOO and VTEB at a 90/10 split for maybe $100k-$200k every 2 weeks. + +I am doing just market buy as it seems to always buy super close to the NAV value of VOO and VTEB. I stopped doing limit buy as the 1-2 basis points it might save in theory seems insignificant compared to not having the buy order executed. + +I wonder at what buy dollars volume I should stop doing market buy of VOO? And what’s the correct strategy then? + +I also wonder for the reverse. Selling the ETFs. As I probably would want to sell $0.5M to $2M at a time. And finally wondering if the broker platform I use matters or if that’s just marketing. + +Let me know if I need to be verified. +There is no “US”. + +There is no “WE”. + +There is no “TOGETHER”. + +**There is only “I”, “ME”, “MYSELF”.** + +The SEC can use talk like that to investigate this sub, as well as you. Why? Because that’s stock manipulation. + +“I like the stock”. That’s all this is. I invest because I like the *fundamentals*. I do my own DD and am not following anyone. I am in this to make some money, as is the way of the sub. Taking profits and reinvesting at a lower price. + +Now, “Be excellent to each other.” “Party on dudes!” + +*I am not a financial advisor, a lawyer, or a cat; I simply like a stock* + + + +**An Edit for those missing my point:** + +The SEC likely wouldn’t investigate or prosecute anyone. The point of this post is, they absolutely would go and get this wonderful place, full of retardation and loss porn, removed from Reddit. That’s all I aim to prevent. I’d rather not see the community go up in smoke, just because a few dozen people don’t know how their words can have consequences on more people than just themselves. +Guten Tag to this global band of Apes! 👋🦍 + +As we close out another week in the GME saga, it will certainly be a memorable one in the grand scheme of things. While I was watching the incredible upward momentum that GME enjoyed yesterday, I couldn't help but notice that I wasn't *feeling* the nearly 9% rise the same way I would have even a few months ago. The plain visibility of how the rich and powerful people of this world have so much capacity to make things butter but choose to do otherwise makes me want the MOASS more than ever, if only to upend their little game and put far more wealth and power into the hands of those who *will* change the world for the better. + +So as these events add stressors to the markets that the SHFs may not be able to squeeze another day from, let's remember the fundamentals of what has brought us to this point. The markets are rigged against Retail, a fact which the SHFs expected to be able to use to profit wildly by killing GameStop. They did not kill GameStop; in fact, it is stronger than ever before. Apes caught them red-handed and are HODLing enough shares with Diamantenhände to make closing their short positions impossible. Each share that is DRS'd increases the pressure on the SHFs as they will soon be unable to conceal their aggressive naked shorting. When they are forced to begin closing their short positions, they will need to buy from Apes who *will not sell*, and it will be an epic squeeze that will lead to structural reforms of the market. All we have to do to achieve this is to HODL one of the greatest technology growth companies around. + +Today is Friday, February 25th, 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: **$120.31 / 107,78 €** *(volume: 1870)* +- 🟩 115 minutes in: $120.13 / 107,61 € *(volume: 1654)* +- 🟥 110 minutes in: $119.71 / 107,24 € *(volume: 1474)* +- 🟥 105 minutes in: $119.97 / 107,47 € *(volume: 1156)* +- 🟥 100 minutes in: $120.83 / 108,24 € *(volume: 1005)* +- ⬜ 95 minutes in: $120.84 / 108,25 € *(volume: 1005)* +- 🟩 90 minutes in: $120.84 / 108,25 € *(volume: 1002)* +- �� 85 minutes in: $120.83 / 108,24 € *(volume: 999)* +- 🟩 80 minutes in: $120.83 / 108,24 € *(volume: 990)* +- 🟩 75 minutes in: $120.67 / 108,10 € *(volume: 990)* +- 🟥 70 minutes in: $120.37 / 107,82 € *(volume: 964)* +- 🟥 65 minutes in: $121.03 / 108,42 € *(volume: 833)* +- 🟥 60 minutes in: $122.85 / 110,05 € *(volume: 679)* +- 🟥 55 minutes in: $122.86 / 110,06 € *(volume: 549)* +- 🟥 50 minutes in: $122.96 / 110,15 € *(volume: 444)* +- 🟥 45 minutes in: $123.10 / 110,28 € *(volume: 372)* +- 🟥 40 minutes in: $123.16 / 110,33 € *(volume: 372)* +- 🟩 35 minutes in: $123.18 / 110,35 € *(volume: 338)* +- 🟩 30 minutes in: $123.13 / 110,30 € *(volume: 329)* +- 🟩 25 minutes in: $123.10 / 110,28 € *(volume: 293)* +- 🟥 20 minutes in: $123.04 / 110,22 € *(volume: 230)* +- 🟩 15 minutes in: $123.18 / 110,35 € *(volume: 230)* +- ⬜ 10 minutes in: $123.06 / 110,24 € *(volume: 193)* +- 🟥 5 minutes in: $123.06 / 110,24 € *(volume: 173)* +- 🟥 0 minutes in: $123.10 / 110,28 € *(volume: 13)* +- 🟩 US close price: $124.58 / 111,60 € *($123.25 / 110,41 € 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 1.1163. 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! +This subreddit is a haven for high earners so wanted to create a thread for average/medium income people to share how they are finding things these days and if they have any tips for managing my money related anxiety. + +On 37k, have bought house (fixed rate & remortgaging next March) bought house in 2021 to just starting to save money again. + +I have around 2.5k in savings and owe around 2k on a credit card that is interest free until January (was used to furnish house) + +I own my car outright and only pay for petrol and maintenance. + +Each month I stick 150 on the credit card, 300 into savings and around 2-300 on my everyday spending credit card (paid off in full every month) + +I have a trip to New York for me and my partners joint 30th coming up which I think will wipe most of my savings. I was in two minds about booking it due to this but as the rest of my money is under control I thought it would be fine. These are big life moments that we need to celebrate + +Because of the recent house purchase, Ive only now built up a decent amount of money again and I’m worried about this trip eating all my savings. Every penny is planned out each month and I don’t live an overly lavish lifestyle. I have nothing on finance and debt is limited to that credit card, so really I’m in a okay position. + +Today I had to spend about 400 quid on a new suit for a few weddings I have coming up (I’ve relied on the same suit for the last 5 years and it was getting very worn out) and some new shirts for work as we’re heading back into the office. + +I don’t really know what I’m saying or looking for, but I think any large purchases or outlays are really stressing me out these days with just the general cost of living crisis and I’m really just looking for some reassurance that whilst my situation isnt perfect, it’s not bad either. And maybe a little bit of advice as to how to be sensible with money whilst still enjoying life and stop stressing out over it +The year is 2020, Trump has provoked Iran and neighboring nations and pushes them to their limit when he finally tweets a pic of the US flag. World War 3 is underway. Thousands of Gen Z kids are drafted into the military. Your a camel farmer in the desert of Iran milking your prized female camels. Your suprised as you hear Gucci Gang Gay Version played to the sound of rotary engines, helicoptors start flying over you, the song changes to Homo Flow, Shotta Flow Remix. The whole fucking area around you gets napalmed. Choppers drop off enemy troops and you get smoked by a 17 year old with a pickle rick sticker on the side of his standard issue army helmet. As you lay on the floor bleeding to death he walks up to your body and proceeds to do Fortnite dances over you and yeets your body over the side of a sand dune. You die a slow death alone in the sand. + +-Idea from [this post](https://www.reddit.com/r/4chan/comments/9qyd57/trump_declares_war_on_vietnam/?utm_medium=android_app&utm_source=share) but I changed some words to fit with the current situation. +I kept doubling down on my SPX calls today looking for a bounce to breakeven but unfortunately it kept going down every time. $115k down the drain. Even the 3785 call didn't print as SPX closed just 2 points below that at 3783.22. I'm not able to digest this loss. Wife does not know, is there anyway to tell her without upsetting her? + +[$115k yolo on zero dte loss porn](https://preview.redd.it/79z0gonwwq8a1.png?width=3022&format=png&auto=webp&s=c02b15c416db26119f0a6ed46881e7ea8cc3ee35) +Hey guys! + +First time poster here looking for any advice/guidance with my finances: + +27m living in major east coast city making \~$105,000/year. net worth \~$140,000. Living solo in a 1br apartment, which runs me $1,175/month. No loans, no car, no other monthly payments. Saving roughly $3,000-$3,500/month in cash. + +Current savings: + +* $28,000 in HYSA (earning 3% interest on the first $20,000 only) +* $74,000 invested in Vanguard (85/15 in stocks/bonds) +* $9,000 in Vanguard rollover IRA (contributed the $6,000 in 2020) +* $33,000 in current job’s 403b + +Contribute 20% of each paycheck to Roth IRA, employer matches 4% + +I've read the flowchart; I have 6+ months of emergency funds saved, no debts, match employer, max 403. + +My primary goal is to buy a house in the near future; however, I'm not sure if I’m truly sold on this commitment yet. Ive read on here to keep cash in HYSA for a house rather the market due to volatility. Torn between committing to saving all cash for a possible house or prioritizing retirement savings and invest it. I would prefer to put down a big down payment and do a 15-year mortgage if I were to buy a house. Any recommendations or thoughts on where to prioritize funneling my money? Thanks in advance, you guys are awesome. +Where should I put my money every month to save for downpayment and get some good returns at the same time. Amount will be around 100k CAD overall over the next 1.5 years. I dont want to invest in equity/stocks due to the risky returns in that timeframe +CNBC ("Why Millennials Aren't Investing") has their opinion, but I think there's more to it than that. Thoughts? + +Also, if you don't have an investment account, why's that? +S&P 500 rises to another record on Wednesday, Dow jumps 120 points. + +Powell is expected to make press on economic policy this Friday 08/27/21 +The much anticipated Jackson Hole symposium kicks off on Thursday, where central bankers will potentially provide updates on their plan around tapering monetary stimulus. The Federal Reserve has been purchasing at least $120 billion of bonds per month to curb longer-term interest rates and jumpstart economic growth as the pandemic wreaked havoc on the economy. + +I've heard the saying that when economists say there will be a correction, it is the time to buy. And when the Government (the Fed) says the economy is in a good space, it is time to sell. +This is just all from anecdotal and media. I might be wrong. + +Taper talk is the worry, but if inflation continues to run hot and economic data continues to be mixed the timing of tapering could get pushed,” noted Lindsey Bell, chief investment strategist at Ally Invest. “It’s unlikely that the Fed will force a taper on an economy that isn’t ready, and the outlook is becoming less certain with the rise of the Delta variant.” + +Bell added that the deciding factor could be August’s jobs report due Sept. 3, given that Covid cases have jumped in the past month as the delta variant spreads. + +Several tech companies will report earnings on Wednesday after the market closes, including Dow component Salesforce. Box and Snowflake are also on deck. + +*Barry C. Knapp is managing partner at Ironsides Macroeconomics * + +https://www.cnbc.com/2021/08/24/stock-market-futures-open-to-close-news.html?__source=androidappshare +"The consistency you seek is in your mind, not in the market. Its attitudes and beliefs about being wrong, losing money, and the tendency to become reckless, when you are feeling good, that cause most losses- not technique or market knowledge. +[...] +Attitude produces better overall results than analysis or technique. Of course the ideal situation is to have both, but you dont really need both, because if you have the right attitude- the right mindset- then everything about trading will be relatively easy, even simple, and certainly a lot more fun. " + +A quote from his book Trading in the zone I am reading now. +I see many comparisons of the coronavirus outbreak to SARS everywhere. From the media to analysts to WSB posters, everyone loves to compare this coronavirus outbreak to SARS and say that the economy recovered quickly last time, so it will do the same this time. A lot has been discussed about the supply chain disruptions in [other reddit threads](https://www.reddit.com/r/investing/comments/f07zut/some_specific_details_about_impending_supply/), so I do not think it is necessary to talk about that. The differences between the diseases themselves as well as a potential pandemic breaking out has been discussed at length too, so I don’t find it necessary to go into that either. What I will do is show how the Chinese economy is much weaker and much different now than when SARS hit in 2003 and focus not too much on the supply side, but mostly on the demand side and the banking industry based on the research I have been doing. I believe that even if factories reopen tomorrow at 100% efficiency (they have been struggling to reopen amidst [labor shortages](https://www.cnbc.com/2020/02/14/china-coronavirus-its-still-far-from-business-as-usual.html)), coronavirus is completely eradicated, and everyone starts consuming at the same levels that they would have otherwise, the Chinese economy (and the world economy with it) is still in significant trouble. + +China today is much different than China during the SARS outbreak in 2003, [here are some graphs that show just how different](https://www.cnbc.com/2020/02/05/coronavirus-how-china-economy-has-changed-since-sars.html). Notice how China was a much smaller share of the world economy back then (just above 4% according to this graph) compared to 16% now. Services and consumption make up a much larger part of the Chinese economy now, going from a little over 40% back then to around 52% now. According to [this](https://asia.nikkei.com/Spotlight/Caixin/Coronavirus-costs-China-service-sector-144bn-in-1-week) source, that service industry was hit with a $144b loss in a week from coronavirus. SARS was estimated to do [$33 billion in damage to the world economy](https://www.reuters.com/article/us-china-health/u-s-and-others-tighten-curbs-on-travel-to-china-virus-toll-hits-213-idUSKBN1ZT374), coronavirus did an estimated 330% more damage (not adjusted for inflation) just to the Chinese service industry (and I think that is an underestimate) in one week. China also accounts for over 12% of global exports now as opposed to a little over 6% back in 2003. China also accounts for [one-third of global GDP growth](https://www.imf.org/en/News/Articles/2018/07/25/na072618-chinas-economic-outlook-in-six-charts). + +Chinese tourism has boomed since 2003 too. Tourism to Hong Kong has dropped off sharply thanks to the protests as well as coronavirus, [going from 200,000 visitors per day in February 2019 to less than 3,000 now](https://pbs.twimg.com/media/EQ358ruWsAA8AZb?format=jpg&name=medium). Most flights to/from America (and other countries) are cancelled through the end of [March or April](https://www.nytimes.com/reuters/2020/02/14/world/14reuters-china-health-airlines-factbox.html). SARS hit a manufacturing based economy growing at a 12% rate and that was only 4% of the world economy. This is a service based economy growing at 6% (if you believe the real numbers) that is 16% of the world economy. You can't make up the tourism or services revenue like you can with manufacturing. 750m people [according to the NYT](https://www.nytimes.com/2020/02/15/business/china-coronavirus-lockdown.amp.html#click=https://t.co/ZuO31QVi6g) are currently under some form of lockdown. Even if these quarantines lift soon (that’s a major question), the massive tourism industry both to and from China has taken a huge hit for the near future that cannot be recovered. + +In December 2019, a Moody’s analyst called Chinese corporate debt the [biggest threat to the global economy](https://www.cnbc.com/2019/12/17/chinas-corporate-debt-is-biggest-threat-to-global-economy-moodys.html). [4.9% of China’s private issuers defaulted on loans in 2019](https://www.reuters.com/article/china-markets-default/chinas-private-firms-face-record-default-risk-to-stay-high-in-2020-fitch-idUKL4N28K1YM). This number is up from 0.6% in 2014. Banks have been [encouraged](https://www.reuters.com/article/us-china-gdp-breakingviews/breakingviews-chinas-shadow-bankers-sneak-back-to-market-idUSKBN1ZG0D5) to give loans to tiny, risky businesses while also trying to get bad debt off their books. Due to problems with their banking system, China nationalized its first bank in [20 years](https://www.bloomberg.com/news/articles/2019-05-27/china-s-first-bank-seizure-in-20-years-spooks-lenders-investors) last year. Then they proceeded to take over [two more](https://www.theepochtimes.com/beijing-nationalizes-third-bank-in-3-months_3036953.html). This over-leveraged banking system had been showing its cracks before coronavirus made China grind to a halt for a month. Questions have been raised as to whether or not the industry can be leaned on for an economic recovery as hard as the Chinese government is leaning on it now. + +This was an economy [in trouble](https://www.nytimes.com/2020/01/16/business/economy/china-economy-gdp.html) before the coronavirus hit. The [shadow banking system](https://www.bloomberg.com/news/articles/2019-10-08/trouble-is-brewing-in-the-darkest-corner-of-china-shadow-banking) appears to have gotten out of control. [Shadow banking accounted for 39% and 45% of total lending in Q1 and Q2 2019](https://www.ft.com/content/4c66b622-dea5-11e9-9743-db5a370481bc). According to Bloomberg, wealth managers have been offering “high yield products” to investors and have been using their own capital to make these returns whole due to that high default rate mentioned in the last paragraph. The Bloomberg article states that, “because the products are opaque and regulation is minimal, nobody knows exactly how much money is at risk.” This article is from October 2019, before coronavirus became a concern. + +This is not an economy poised to bounce back like it did with SARS in 2003, despite what the market thinks. It might take a while for the market to realize it, but all it takes is a look at the data to see why that assertion is false. The market is focused on the fact that the virus won't kill us all and not on the fact that the lost revenue from Chinese consumption cannot be made up, despite the CCP propaganda that is being put out from Chinese government officials and Chinese economists. [An article from Barron’s](https://www.barrons.com/articles/coronavirus-brings-chinas-debt-problem-back-into-light-51581679800?mod=hp_LEAD_1) has this to say: + +>One area, in particular, is back at the forefront—local debt. Policy makers have directed regional lenders to tolerate a higher threshold for bad loans, hoping to keep thousands of small- and medium-size enterprises (SMEs) from collapsing amid the economic standstill. A survey conducted recently by Peking and Tsinghua universities—China’s top two schools—found that two-thirds of such firms said they could stay afloat no more than one to two months with their current savings. An additional 18% said they could last at most three months. + +>Put another way, 85% of China’s SMEs would crumble within three months without financial injections of some sort. + +[Here](https://www.mckinsey.com/~/media/mckinsey/featured%20insights/china/china%20and%20the%20world%20inside%20the%20dynamics%20of%20a%20changing%20relationship/mgi-china-and-the-world-full-report-vf.ashx) is a report from McKinsey from July 2019 that has a lot of good data in it regarding China’s exposure to the world economy. I’m just going to post some direct quotes and charts from the report and let you decide what they mean: + +>In 11 of the 16 quarters since 2015, consumption contributed more than 60 percent of [China’s] total GDP growth. + +>In the United States, among the firms listed in the MSCI USA index, revenue exposure to China amounted to 15 percent of the IT sector, 7 percent of materials, and 6 percent of industrials. In 2017, US companies were estimated to have generated around $450 billion to $500 billion revenue in China through a mix of exports and revenue from Chinese subsidiaries. + +[Here](https://i.imgur.com/tebHQRv.png) is a chart from the report showing how exposed the world is to China. Luckily for us, as shown in the above report, US exposure to China is not as massive as you might think. The exposure comes mostly from the rest of Asia, Australia, and Africa instead of developed markets. However, the amount of exposure from developed countries is not negligible. The technology sector, which has driven the majority of our stock market growth, has a [disproportionate exposure](https://i.imgur.com/UeBdEB0.jpg) to revenue coming from China, especially semiconductors like Intel, Micron, Nvidia, and AMD. That chart uses data from 2017 so I would almost guarantee it is less now, but still concerning. + +While 4 of the 5 mega caps that make up [almost 20% of the S&P 500’s value](https://seekingalpha.com/article/4323952-s-and-p-500-five-great-tech-titans-of-america) and have generated [1/5 of S&P 500 returns since 2009](https://www.bloomberg.com/news/articles/2020-02-15/all-the-ways-stock-market-bulls-have-gone-off-the-rails-again) don’t have much, if any, China exposure on a surface level. However, Apple derived [16.7% of their revenue](https://www.cnbc.com/2020/01/27/apple-impact-of-coronavirus-on-china-business.html) from China, Taiwan, and Hong Kong in 2019. Not to mention that Foxconn factories are still mostly closed down over there and not producing anything. Additionally, [20% of Amazon’s COGS for private label brands is attributable to China](https://markets.businessinsider.com/news/stocks/how-much-amazon-wayfair-will-have-to-boost-prices-tariffs-2019-9-1028499095). Due to how prevalent indexing is, I believe that a tech selloff lead by semiconductors and Apple (just like the old trade war selloffs) would drag down all megacap tech stocks and present a good entry point for an eventual recovery. + +All of this comes on top of Boeing’s struggles with the 737 Max, which are expected to cut US GDP growth by [20%](https://www.axios.com/boeing-production-freeze-gdp-impact-737-max-d2b3b7c9-9a3b-4a2a-a3a0-a49fb54156d0.html) in 2020. In 2017 and 2018, China accounted for [22%](https://www.barrons.com/articles/boeing-plane-deliveries-china-737-max-crash-comac-airbus-trade-deal-51579101765) of Boeing plane deliveries. In 2019, that number dropped to 12%. These struggles with China’s economy and the self inflicted 737 Max struggles will put even more downward pressure on US GDP growth for this year. The phase one trade deal was expected to help Boeing out, but there are now [questions](https://foreignpolicy.com/2020/02/14/china-united-states-trade-deal-commitments-coronavirus-trump-energy-huawei/) as to whether or not China will hold up to their end of it. + +In addition to these Chinese economic struggles, other Asian countries are showing economic woes as well. Singapore just cut their 2020 GDP forecast from 0.5%-2.5% to -0.5%-1.5%. Japan released their Q4 2019 GDP numbers, showing its largest GDP decline since 2014, an annualized rate of [-6.3%](https://www.cmcmarkets.com/en/news-and-analysis/singapore-cuts-2020-growth-forecast-japan-gdp-slumps), coming in way lower than analyst expectations of -2.6%. This was before the coronavirus started sweeping Asia, the Q1 GDP numbers could be worse. While China is responsible for 12.6% of our trade, Japan accounts for 5.4%. A Japanese recession will hurt us too. + +To summarize and give some of my personal opinions to go along with this data, I believe the Chinese economy is in a lot more trouble than most people realize. The shadow banking system is massive and their banks are incredibly over leveraged. There are questions as to whether or not banks can perform the economic stimulus that China is demanding from them to keep small and medium sized firms open. I believe that the data shows China is in very dangerous economic territory that could lead to a recession or at least a major drop in growth for at least Q1 and Q2 2020 that cannot be made up in the second half of the year. It appears to me that these China economic troubles will take a lot of Asia and other developing economies down with them. It remains to be seen if it will take the American economy down too, but I believe that semiconductors and Apple should be trading lower than their current valuations to reflect potential lost growth and revenue streams. I also see Boeing’s struggles continuing to weigh on our GDP growth. I believe the market is fundamentally mispricing risk in the technology sector right now and it will overcorrect downwards in the near future. + +TL;DR: China’s economy is potentially going down led by an over-leveraged banking system and it may cause our tech stocks, which derive supply and demand from China, to lead a market correction. Comparing this coronavirus situation to SARS is extremely disingenuous due to the state of the Chinese economy in 2003 compared to the state of the Chinese economy now. The downward pressures from China on world GDP growth as well as Boeing’s pressures on our own GDP growth create a significant risk in all world equity markets that is not being priced in. I’m not saying we’re definitely heading towards a US recession or even a global recession, but the risk should not be ignored by world markets, no matter how much liquidity central banks pump in. + +TL;DR 2: Puts on semiconductors and Apple +I moved into my girlfriend's tiny 1 bedroom apartment about 8 months ago (we're both early 30s, no kids), and the lack of space is starting to drive us crazy, so we're looking to upsize. Problem is, we live in a very high COL west coast city, rent is crazy expensive. + +She is from an immigrant family and grew up poor, with a lot of struggles to finally get to the point of having a good career and income in the past couple years. She went through a rough patch about 4 years ago and went into debt, missed rent payments, almost got evicted, got her car repossessed. Since then, she's worked hard to get mostly out of debt and now has a solid career. On the other hand, I grew up comfortably and my parents helped me thru college and kept me debt free into my early 20s. My credit is impeccable, never missed a payment of any kind. + +We've been looking at larger places but have now been denied everywhere we apply because of her history. I honestly could afford to pay most of these places myself if I really had to, but she's like a poison pill. I've asked landlords if they'll just let me sign the lease myself, but they all have said she needs to be approved and on the lease in order to live there. Basically, no unofficial subletting. + +Any advice? It's getting to a point where our relationship ~~might be in jeopardy~~ is coming under significant stress due to cramped living quarters and lack of personal space. +It's a trivial piece of math built on the boring old 4% rule, but it's a milestone worth noting nonetheless. + +I just reached it myself. I threw 30,000 into a calculator, multiplied by 0.04, and divided by 12 to come out to a crisp, clean, three-digit number. It was just a nice little unexpected surprise. + +Getting here didn't feel all that hard. In fact, I feel like I could've saved more. Anywho, that's all. I hope you're all doing well and feeling good about your goals. + [‘Resist the temptation’ to short AMC Entertainment, other meme stocks ‘because these prices can go to unimaginable highs,’ says Interactive Brokers founder - MarketWatch](https://www.marketwatch.com/story/resist-the-temptation-to-short-amc-entertainment-other-meme-stocks-because-these-prices-can-go-to-unimaginable-highs-says-interactive-brokers-founder-11623080423) + + Published: June 7, 2021 at 11:40 a.m. ET By [Mark DeCambre](https://www.marketwatch.com/topics/journalists/mark-decambre?mod=MW_author_byline) + +Referenced Symbols + +[**AMC22.92%** ](https://www.marketwatch.com/investing/stock/AMC?mod=refsymb_mw)[**GME12.87%** ](https://www.marketwatch.com/investing/stock/GME?mod=refsymb_mw)[**DJIA-0.42%** ](https://www.marketwatch.com/investing/index/DJIA?mod=refsymb_mw)[**SPX-0.29%** ](https://www.marketwatch.com/investing/index/SPX?mod=refsymb_mw)[**COMP0.10%** ](https://www.marketwatch.com/investing/index/COMP?mod=refsymb_mw) + + ***‘It is extremely tempting to short these stocks, but unless you have huge liquid resources, please try to resist the temptation because these prices can go to unimaginable highs before they settle down to a reasonable valuation, and you may have to cover on the high point.’*** + +Trying to bet against stocks like AMC Entertainment Holdings [**AMC,** **23.34%**](https://www.marketwatch.com/investing/stock/AMC?mod=MW_story_quote) and GameStop Corp. [**GME,** **12.78%**](https://www.marketwatch.com/investing/stock/GME?mod=MW_story_quote), may be a fool’s errand and particularly dangerous in a climate of a meme-stock revolution that has helped to propel the value of socially driven assets into the stratosphere. + +Thomas Peterffy, the founder of Interactive Brokers on Monday, during an interview on CNBC’s [“Squawk Box”](https://www.cnbc.com/squawk-box-us/)said that while it might be extremely tempting to short shares of AMC and others, he would recommend avoiding those stocks altogether. + +Shares of AMC were up more than 19% early Monday and have gained 120% so far in June. GameStop shares are up 9.8% on the session and have enjoyed a 22% climb in the month to date. + +The investments in AMC and GameStop originally started out as organized short-squeezes by a clutch of individual investors who had identified that a number of companies were heavily shorted by hedge funds and surmised, correctly, that those stocks could be pressured higher if enough buyers collectively swooped in. + +The momentum for those assets has continued at an unprecedented level. In the year to date, AMC shares are up 2,555% and those for GameStop have climbed over 1,300% over the period. + +By comparison, the Dow Jones Industrial Average [**DJIA,** **-0.42%**](https://www.marketwatch.com/investing/index/DJIA?mod=MW_story_quote) is up over 13% far this year, the S&P 500 [**SPX,** **-0.29%**](https://www.marketwatch.com/investing/index/SPX?mod=MW_story_quote) has climbed more than 12%, and the Nasdaq Composite Index [**COMP,** **0.08%**](https://www.marketwatch.com/investing/index/COMP?mod=MW_story_quote) has gained more than 7%. + +On Friday, Peterffy warned investors, [in an interview with MarketWatch](https://www.marketwatch.com/story/interactive-brokers-founder-says-problem-with-amc-entertainment-memes-peoplewill-lose-a-very-substantial-amount-of-money-11622836260), that investors could lose considerable money betting on meme assets. + +Traditional investing, even trading tenets, have been tossed out the window amid the hype over meme stocks, leaving many veterans and strategists to caution that a liquid market, supported by the Federal Reserve’s easy-money policies, may be helping to inflate bubbles in parts of the market and promote FOMO, or fear of missing out. + +That atmosphere is representative of a quote often attributed to financier J.P. Morgan. “Nothing so undermines your financial judgment as the sight of your neighbor getting rich.” +New investor here. Moved out of my condo and into a larger SFH. +Income is above average so income taxes are high. I rented out my condo and the tax benefits are great. + +I plan on buying a 2-3 unit rental within the next year and continuing to grow my “business” from there. At what point should I form a company vs using the taxes advantages to offset my 9-5 tax expenses? + +Thanks in advance, I’m loving this subreddit so far! +I currently make under 45k. My rent is increasing this year, cost of living in my area is increasing and I need a raise. + +What is the best way to approach this conversation with my manager? Also, what’s a decent percent increase that I should aim for? I will need to start the conversation above this percent because my employer will definitely push back. + +I’ve done nothing but work from home and save this past year. I don’t want to start eating away at what I’ve saved just because I won’t get a raise. + +I live within my means, but think I’m underpaid. Especially for my area. +First of all, I want to start by saying that some hedge funds are shady fucks. There are a lot of things they did that were shady. Here are a few examples: + +[https://www.investopedia.com/articles/investing/101515/3-biggest-hedge-fund-scandals.asp](https://www.investopedia.com/articles/investing/101515/3-biggest-hedge-fund-scandals.asp) + +Now I want to address some of the misconceptions that new traders have about the markets. + +1. **I was not allowed to buy shares on RH, did they wanted to drive the price down!?** + +DTCC, the clearinghouse for WeBull, RH and other brokerages, recently raised the collateral requirements for GameStop transactions to nearly 100%. + +When RH takes a buy order it goes to it's clearinghouse to exchange it's clients money for shares. The shares are immediately and conveniently transferred to the client, but the funds aren’t transferred for 2 days. There's this gap between the broker and the clearinghouse for these unsettled trades that the clearinghouse will require some cash upfront (margin) for but otherwise accepts exposure for the rest. + +If the stock being bought is extremely volatile, expensive and has a huge amount of recent volume and therefore unsettled trades, the clearinghouse will eventually realize they are floating quite a lot more to the broker than they are comfortable with on the back of a very risky equity. GME fits all these characteristics. It's this point in the GME scenario where DTCC sets margin requirements to 100%. They tell their brokers, "Hey if you want to get GME stock from us, we will not accept your word that this trade will settle in two days. Instead we need the money upfront since we are already way too exposed to this one ticker from you." + +Now, if RH wants to continue filling buy orders for it's clients it needs to come up with ALL the money for each trade. RH does not have nearly enough cash on hand to handle this, hence the recent draw down from of RH's credit lines as they try to get enough liquidity to keep buying shares for their clients. Eventually the brokers just don't have enough cash, throw in the towel and stop accepting buy orders until they can settle more trades or the clearinghouses release the margin requirements for these stocks. + +The concept that RH would fuck over basically their entire user base on purpose to help a minority investor's minority investment in a hedge fund that already closed their fucking short position doesn't stand up to even the smallest amount of scrutiny. It's just a boring case of the market plumping going wild because it's not built to handle pumps of this scale. + +**2. But I was allowed to sell!** + +Of course you were. Selling is exiting an already created position. The liability that RH would get if you were not able to sell and the price went down would be insane. They can not stop you from selling an asset that you own. They can, however, block the purchasing of new assets through their platform. + +Updated Information: + +The DTC only requires collateral on the buying side of the trade. That is the side at risk because the buyer might have bought on margin or with funds that haven't fully settled in their brokerage account (like RH's instant deposit). There is no guarantee that the buyer actually has all the money to complete the trade until it clears 2 days later. +On the sell side, however, you're sending stock to the DTC which doesn't have the same sort of questionable backing. They can accept that stock with a high level of confidence and debit the broker's clearing firm whatever the stock was to have sold for. So selling is pretty easy for a broker because they can debit you and get a reliable debit from DTC which clears the immediate credit risk for the broker. +DTC is the one left holding the bag if the buyer fails to come through. [I'm not 100% sure about the next part, but I think it's right.] DTC will then keep the collateral payment as well as sell the orphaned stock at market price to recoup part of the loss and write off the rest (or they might make a profit if the stock rose in value during the clearing process). This is where another risk to DTC comes in - if the buyer defaults and the orphaned stock drops steeply in value during the settlement period (as $GME is very likely to do), then they have to rely on the collateral for most of their coverage. That's why they raised collateral for $GME. +Back to the original point, Robinhood didn't shut down selling because of liability risk - but because they simply didn't need to do that. DTC was only making buys difficult to complete. + + +**3. But Fidelity and ThinkorSwim allowed people to buy and sell.** + +Thinkorswim and Fidelity own their own clearing houses and have enough shares to satisfy the orders. Also, they do not need to pay collateral since they are a clearing house. + +**4. Okay, but what about the 120% short interest, Melvin will be closing their position soon, and a short squeeze will happen.** + +Melvin claims that they closed some of their positions. There was enough volume for them to do so. + +The short interest are just estimations. Short interest information gets released on 15th and 30th of each month. Next week we will be able to see the short positions. + +Hedge funds keep taking short positions and are much better prepared for now, because there is more money to be made on riding a stock down to 40 from 400, then from 5 to 1. + +The whole assumption for a short squeeze incoming is built around the assumption that there is still short interest of over 100%, however, there is not confirmed data, as it comes out on 2/9. + +Many hedge funds are also riding the wave up, and have long positions in GME. Blackrock, one of the biggest money managers already made insane profit, and will probably ride this on a way down. + +**5. But a short squeeze will happen!** + +It could, or it could not. The interest in not high to a point were they will go bankrupt or have to buy back the shares to cover. They can comfortably hold for 6-12 month as long as they don’t get margin called, which I don’t expect them too, tbh. The payoff makes sense, think about it this way. The interest is I think 30% yearly. Let’s say you short a billion dollars worth GME. You pay annual interest of 30-40%. Hedge funds definitely have enough money to pay that 300 million a year. Now, let’s say in a year a price goes down from 400 to 40. A fund will make essentially 900 million dollars minus the interest fee and etc. it is a no brainer for some bigger funds to take this position and enjoy their easy 40% profit. + +Considering many funds have insane amounts of collateral, they will not get margin called from this. + +**6. But if options expire in the money they have to sell their shares!** + +A lot of options expired ITM on Friday, so why did the price not go up? + +Well, how many retail investors that were holding their options actually had enough money to buy 100 shares at a strike price? Not too many. + +Additional information: + +Assigned/exercised options move stock between people/institutions. However, this movement does not affect the current stock price. (UNLESS someone sold uncovered calls). +The volume of calls or puts being assigned does not matter. +Example: stock ABC closes at $11 on expiration. Investor A owns a $10 call, and it is exercised. The seller of the call (investor B) already owns the shares (or owns another call at different strike). The following transaction occurs: Investor A gives B $1000, Investor B gives A 100 shares of stock ABC. +IIRC, no volume is reported for ABC, neither a buy nor a sell occurred, and ACB price does not change. +IF they were uncovered calls (not really allowed, its significantly more risk than naked shorts), then Investor B would need to by 100 shares of ABC at current price, prior to the call being exercised. + +**7. Okay, but Hedge funds are still bad and evil!** + +Sure, I agree. Some are. Some hedge funds get their funding from managing pensions and endowments funds. + +**8. But Citadel was manipulating the markets!** + +Citadel and Citadel securities are two separate LLCs. They are only allowed to open long positions, they can not short a stock. One is a market maker that processes option orders and has no say in the markets. In fact, the more volume there is, the more money they make on the spreads. Would jot be surprised if Citadel made a lot of money on market making in the past week. + +**9. But Hedge funds are insane investors with 50% annual return.** + +Not necessarily true, an average hedge fund has been underperforming for the past 20 years. You probably had better returns then them just by investing in index funds. Don't get me wrong, a lot of smart people work in the funds, but their main goal is to hedge, in other words, be safe from market movements in any direction. + +**TL;DR** + +Hedge funds are bad, but they are not retarded (except for Melvin, who overextends on a short at $5) + +But many of the rules that came in play were written decades ago, they were not taken from thin air. Battling against hedge funds is okay, but throwing different theories that will be easily disapproved once they file 13F will not take them down. Knowing how markets work, and being vigilant is how you make more money than hedge funds. +First of all, I want to start by saying that some hedge funds are shady fucks. There are a lot of things they did that were shady. Here are a few examples: + +[https://www.investopedia.com/articles/investing/101515/3-biggest-hedge-fund-scandals.asp](https://www.investopedia.com/articles/investing/101515/3-biggest-hedge-fund-scandals.asp) + +Now I want to address some of the misconceptions that new traders have about the markets. + +1. **I was not allowed to buy shares on RH, did they wanted to drive the price down!?** + +DTCC, the clearinghouse for WeBull, RH and other brokerages, recently raised the collateral requirements for GameStop transactions to nearly 100%. + +When RH takes a buy order it goes to it's clearinghouse to exchange it's clients money for shares. The shares are immediately and conveniently transferred to the client, but the funds aren’t transferred for 2 days. There's this gap between the broker and the clearinghouse for these unsettled trades that the clearinghouse will require some cash upfront (margin) for but otherwise accepts exposure for the rest. + +If the stock being bought is extremely volatile, expensive and has a huge amount of recent volume and therefore unsettled trades, the clearinghouse will eventually realize they are floating quite a lot more to the broker than they are comfortable with on the back of a very risky equity. GME fits all these characteristics. It's this point in the GME scenario where DTCC sets margin requirements to 100%. They tell their brokers, "Hey if you want to get GME stock from us, we will not accept your word that this trade will settle in two days. Instead we need the money upfront since we are already way too exposed to this one ticker from you." + +Now, if RH wants to continue filling buy orders for it's clients it needs to come up with ALL the money for each trade. RH does not have nearly enough cash on hand to handle this, hence the recent draw down from of RH's credit lines as they try to get enough liquidity to keep buying shares for their clients. Eventually the brokers just don't have enough cash, throw in the towel and stop accepting buy orders until they can settle more trades or the clearinghouses release the margin requirements for these stocks. + +The concept that RH would fuck over basically their entire user base on purpose to help a minority investor's minority investment in a hedge fund that already closed their fucking short position doesn't stand up to even the smallest amount of scrutiny. It's just a boring case of the market plumping going wild because it's not built to handle pumps of this scale. + +**2. But I was allowed to sell!** + +Of course you were. Selling is exiting an already created position. The liability that RH would get if you were not able to sell and the price went down would be insane. They can not stop you from selling an asset that you own. They can, however, block the purchasing of new assets through their platform. + +Updated Information: + +The DTC only requires collateral on the buying side of the trade. That is the side at risk because the buyer might have bought on margin or with funds that haven't fully settled in their brokerage account (like RH's instant deposit). There is no guarantee that the buyer actually has all the money to complete the trade until it clears 2 days later. +On the sell side, however, you're sending stock to the DTC which doesn't have the same sort of questionable backing. They can accept that stock with a high level of confidence and debit the broker's clearing firm whatever the stock was to have sold for. So selling is pretty easy for a broker because they can debit you and get a reliable debit from DTC which clears the immediate credit risk for the broker. +DTC is the one left holding the bag if the buyer fails to come through. [I'm not 100% sure about the next part, but I think it's right.] DTC will then keep the collateral payment as well as sell the orphaned stock at market price to recoup part of the loss and write off the rest (or they might make a profit if the stock rose in value during the clearing process). This is where another risk to DTC comes in - if the buyer defaults and the orphaned stock drops steeply in value during the settlement period (as $GME is very likely to do), then they have to rely on the collateral for most of their coverage. That's why they raised collateral for $GME. +Back to the original point, Robinhood didn't shut down selling because of liability risk - but because they simply didn't need to do that. DTC was only making buys difficult to complete. + + +**3. But Fidelity and ThinkorSwim allowed people to buy and sell.** + +Thinkorswim and Fidelity own their own clearing houses and have enough shares to satisfy the orders. Also, they do not need to pay collateral since they are a clearing house. + +**4. Okay, but what about the 120% short interest, Melvin will be closing their position soon, and a short squeeze will happen.** + +Melvin claims that they closed some of their positions. There was enough volume for them to do so. + +The short interest are just estimations. Short interest information gets released on 15th and 30th of each month. Next week we will be able to see the short positions. + +Hedge funds keep taking short positions and are much better prepared for now, because there is more money to be made on riding a stock down to 40 from 400, then from 5 to 1. + +The whole assumption for a short squeeze incoming is built around the assumption that there is still short interest of over 100%, however, there is not confirmed data, as it comes out on 2/9. + +Many hedge funds are also riding the wave up, and have long positions in GME. Blackrock, one of the biggest money managers already made insane profit, and will probably ride this on a way down. + +**5. But a short squeeze will happen!** + +It could, or it could not. The interest in not high to a point were they will go bankrupt or have to buy back the shares to cover. They can comfortably hold for 6-12 month as long as they don’t get margin called, which I don’t expect them too, tbh. The payoff makes sense, think about it this way. The interest is I think 30% yearly. Let’s say you short a billion dollars worth GME. You pay annual interest of 30-40%. Hedge funds definitely have enough money to pay that 300 million a year. Now, let’s say in a year a price goes down from 400 to 40. A fund will make essentially 900 million dollars minus the interest fee and etc. it is a no brainer for some bigger funds to take this position and enjoy their easy 40% profit. + +Considering many funds have insane amounts of collateral, they will not get margin called from this. + +**6. But if options expire in the money they have to sell their shares!** + +A lot of options expired ITM on Friday, so why did the price not go up? + +Well, how many retail investors that were holding their options actually had enough money to buy 100 shares at a strike price? Not too many. + +Additional information: + +Assigned/exercised options move stock between people/institutions. However, this movement does not affect the current stock price. (UNLESS someone sold uncovered calls). +The volume of calls or puts being assigned does not matter. +Example: stock ABC closes at $11 on expiration. Investor A owns a $10 call, and it is exercised. The seller of the call (investor B) already owns the shares (or owns another call at different strike). The following transaction occurs: Investor A gives B $1000, Investor B gives A 100 shares of stock ABC. +IIRC, no volume is reported for ABC, neither a buy nor a sell occurred, and ACB price does not change. +IF they were uncovered calls (not really allowed, its significantly more risk than naked shorts), then Investor B would need to by 100 shares of ABC at current price, prior to the call being exercised. + +**7. Okay, but Hedge funds are still bad and evil!** + +Sure, I agree. Some are. Some hedge funds get their funding from managing pensions and endowments funds. + +**8. But Citadel was manipulating the markets!** + +Citadel and Citadel securities are two separate LLCs. They are only allowed to open long positions, they can not short a stock. One is a market maker that processes option orders and has no say in the markets. In fact, the more volume there is, the more money they make on the spreads. Would jot be surprised if Citadel made a lot of money on market making in the past week. + +**9. But Hedge funds are insane investors with 50% annual return.** + +Not necessarily true, an average hedge fund has been underperforming for the past 20 years. You probably had better returns then them just by investing in index funds. Don't get me wrong, a lot of smart people work in the funds, but their main goal is to hedge, in other words, be safe from market movements in any direction. + +**TL;DR** + +Hedge funds are bad, but they are not retarded (except for Melvin, who overextends on a short at $5) + +But many of the rules that came in play were written decades ago, they were not taken from thin air. Battling against hedge funds is okay, but throwing different theories that will be easily disapproved once they file 13F will not take them down. Knowing how markets work, and being vigilant is how you make more money than hedge funds. +Why is it considered better to sell 30- 45dte than options expiring in a week or two. Wouldnt we be able to collect more premiums selling weeklies? When we hit a 50% win or lost we could still always roll out or close our trade. +If the government gave everyone say $400 a week; no asset testing. No income testing. + +Would you with less hours? +What would you do with the extra time / money? + +What would be a good level for UBI? + + +[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 the official $GME Megathread for r\/Superstonk.](https://preview.redd.it/gzy9yfftoov71.png?width=778&format=png&auto=webp&s=7ce125aa2d7455f994d74a4192f1a04b7d14448c) + +**Please keep ALL conversations contained to Gamestop and directly related topics.** + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Brand new to the sub? Start here! + +***You must read the*** [***Superstonk Rules***](https://www.reddit.com/r/Superstonk/wiki/index/rules) ***before commenting or posting on*** [***r/Superstonk***](https://www.reddit.com/r/Superstonk/)*.* + +https://preview.redd.it/u7nzd0m0pov71.png?width=1651&format=png&auto=webp&s=df5232178c4035ba1c069f9306b30453b42946cd + +The extremely talented and dedicated [u/zedinstead](https://www.reddit.com/u/zedinstead/) has created this beautiful collection of the most important, groundbreaking **D**ue **D**iligence in PDF format that can be easily accessed and shared. If you're looking to familiarize yourself with the GME bull thesis or the underhanded tactics of the short sellers involved in this trade-- then this is for you: + +# [GME.fyi](https://fliphtml5.com/bookcase/kosyg) + +[r/Superstonk](https://www.reddit.com/r/Superstonk/) employs strict posting requirements to ensure our community stays moderately free from trolls and other such bad actors. As such you may find you have trouble posting if you haven't fully read and understood our rules. + +**Posts keep getting removed?** [Find out why.](https://www.reddit.com/r/Superstonk/wiki/index/rules) + +**Not enough** [**karma**](https://www.reddithelp.com/hc/en-us/articles/204511829-What-is-karma-)**?** Here's a [quick guide](https://zapier.com/blog/how-to-get-karma-on-reddit/) on how to get it. + +**Want to learn more?** [Check out our extensive Wiki](https://www.reddit.com/r/Superstonk/wiki/index) and [FAQ](https://www.reddit.com/r/Superstonk/wiki/index/faq) + +**Eager for more even more GameStop info?** [gmedd.com](https://gmedd.com/) is a spectacular resource. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Flair Links + +[📚 Due Diligence](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%9A+Due+Diligence%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📚 Possible DD](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%9A+Possible+DD%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [💡 Education](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%92%A1+Education%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) |[📈 Technical Analysis](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%88+Technical+Analysis%22&restrict_sr=on&include_over_18=on) | [🗣 Discussion / Question](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%97%A3+Discussion+%2F+Question%22&restrict_sr=on&include_over_18=on) | [🤔 Speculation / Opinion](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%A4%94+Speculation+%2F+Opinion%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [💻 Computershare](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%92%BB+Computershare%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📰 News](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%B0+News%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🤡 Meme](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%A4%A1+Meme%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [👽 Shitpost](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%91%BD+Shitpost%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📳 Social Media](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%B3Social+Media%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [☁ Hype fluff](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%E2%98%81+Hype%2F+Fluff%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [HODL 💎🙌](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22HODL+%F0%9F%92%8E%F0%9F%99%8C%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) + +You can also find the main flairs in the sidebar on New Reddit and under the "About" page on mobile. + +**Mod Flairs** + +[📣 Community Post](https://old.reddit.com/r/Superstonk/search/?q=flair%3A%22%F0%9F%93%A3+Community+Post%22&include_over_18=on&restrict_sr=on&t=all&sort=relevance) | [📆 Daily Discussion](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%86+Daily+Discussion%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🏆 AMA](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%8F%86+AMA%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🚨 Debunked](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%9A%A8+Debunked%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📖 Partial Debunk](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%96+Partial+Debunk%22&restrict_sr=on&include_over_18=on) | [🔔 Inconclusive](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%94%94+Inconclusive%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [⌚ Pending Review](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%E2%8C%9A+Pending+Review%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🥴 Misleading Title](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%A5%B4+Misleading+Title%22) + +**No CS/DRS Mode** + +[New Reddit Filter](https://www.reddit.com/r/Superstonk/search/?q=-flair_text%3A%22%F0%9F%92%BB%20Computershare%22&restrict_sr=1&sr_nsfw=) | [Old Reddit/Mobile Filter](https://old.reddit.com/r/Superstonk/search/?q=-flair_text%3A%22%F0%9F%92%BB%20Computershare%22&restrict_sr=1&sr_nsfw=) + +To filter out CS/DRS posts, click the links above or type `-flair_text:"💻 Computershare"` into the search bar. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +***What's This Post All About?*** + +The first thing you'll notice is a stickied comment right at the top. We call this the "Front Desk". Every day a moderator will create a new sticky comment that includes links to community announcements, fantastic posts that deserve more attention, and generally the simplest and easiest way to interact with the moderators of this community. The rest of the post is designed for general discussion and content/questions that might not need their own post. + +If you are new please mention that when you comment. There are no stupid questions but "shills" (paid accounts with the intent to disrupt the sub) are real. This community sees a lot of trolls. If you do not distinguish yourself as someone with genuine questions it is likely that members of our community will assume you are just spreading "FUD" (Fear, Uncertainty, and Doubt). I hate that I have to give you this warning but it is just the nature of the beast at this point. + +Please have fun, play nice and be civil. Many of our rules are heavily enforced. Debate is welcome but if it devolves into personal insults please report the comment. *Ape no fight ape!* +Hi, my wife and I recently (October 2021) bought a house for £180k, but because the sale took some time to go through, and house prices are crazy right now, the projected value (on Zoopla) has gone up to a minimum of £200k. + +We only had a 5% deposit, so didn't end up with a great interest rate (3.8% fixed for 5 years). We've paid off a little already, so owe around £165k. My thinking is that if we revalued, our LTV would be far better than when we bought. + +Is it even possible to remortgage this early on, and would we be better off after fees? If it helps we're looking at staying for around 3 years then upsizing hopefully. +Recently ive been thinking a lot about salary ceilings, particularly with respect to my industry (pharma/biotech). For this purpose ill focus on only W2 employees with the understanding that there are plenty of other ways you can get to success (contracting, consulting, etc.) + +I see a lot of posts here from folks in the tech industry/silicon valley so wanted to add some thoughtful content external to that. All of these thoughts are my opinion, feel free to refute, Im always open to learn. + +&#x200B; + +In my industry ceilings are higher than most much lower than the Tech posts I see here. Certainly access to options is harder and less financially rewarding. Ill also ignore any salaries that relate to x- medical Drs. as their salaries tend to skew things significantly. In this sector, I see things divided in a few ways + +* Pharma companies – traditional companies, options offered at the director level, @ VP level \~ 300 base + 100k bonus + Stock 150k + * Observations – HARD to get to a top level in these companies, it takes a long career of success, strategic jumps, mentors, and luck. There is also high turnover at this level (although often with a golden parachute) +* Biotech companies – smaller, higher risk, options offered at virtually every level, approx. ceiling – unlimited based on how well your options do, if you IPO, etc. etc. etc. Interestingly base salaries + bonus can mirror those in pharma or even pay higher + * Observations – somewhat easier to climb the ranks here but highly dependent on the success of your drug, high-risk high reward, MOSTLY requires being in a hub location like Boston, NYC/NJ, SFO, Seattle so higher cost of living as well. It’s also much harder to get into one of these companies unless you have some previous experience in one of the other industry sectors +* CROs – contract research is inherently a way that pharma/biotech cuts costs as such salaries here will be lower, vp (or even SVP) comp can cap out \~350 all in + * Observations - it’s very easy to work remote for these companies but the workload is high and sh\*t rolls downhill, it’s a good place to start a career and you can always jump to competitor CROs for a decent bump but can be hard to exit to a pharma or biotech org as CRO work is somewhat looked down upon +* Tech vendors – Realizing a huge surge right now with COVID and the industry is more open to adopting new tech. VP level – 250 + 100k bonus + 100kish stock + * Observations – tech vendors are (like CROs) constantly at the beck and call of industry. They are highly dependent on selling new products but must balance the industry’s traditionally slow approach to new tech adoption (bc of regulations, etc.) Climbing to VP at this level can be easier if you have a decent sense of how to manage people, build relationships etc. +* Consulting and Sales– ignoring for now as this is a whole other bag. If anyone is interested I can do another post focusing on this. + +From all of this you might say 'well of course focus on biotechs.' I’m not disagreeing, I think it’s where the green is right now if you can hit it right BUT I also believe our industry is going through unprecedented growth in this sector. With the political landscape shifting and economy potentially slipping into a recession I could imagine a lot of these biotechs will be hung out to dry without realizing the high acquisitions or IPOs we have seen over the past 7-10 years. + +I don’t really have a conclusion, ask, or so what to state at the end of this. A lot of this is stream of consciousness but based on my experience in the industry for 10+ years. I also havent factored in the advanced educational component of what it takes to get to these levels nor did I discuss the wonderful and driven people you will meet along this path. For me, this industry is where I want to be and I'm passionate about the work - regardless of the ceilings. + +At the end of the day, no one really goes into pharma for the money …. But it doesn’t hurt to see where you may land 😉 +Hi [redacted]: + +With the IRS Free File program surpassing its founding goals of e-file and tax preparation, Intuit has elected not to renew its participation in the Free File Program for the upcoming tax season. This decision will allow us to focus on further innovation and to continue exploring how to best serve the complete financial health of all Americans through our products and services. Learn more. + +In the past, you have used TurboTax through the Free File program to prepare and file your taxes. Although Intuit is no longer participating in the program, if your Adjusted Gross Income is $73,000 or less, you may still qualify for other IRS Free File Offers at www.IRS.Gov. + + +------------------------ +I've used the free file for the probably the past 10 years. TurboTax, you have just lost a loyal customer. +After years of hard work, I'm unable (or unwilling) to enjoy the fruits of my labor. I have a severe anxiety about losing everything I have earned. I've considered going to therapy because of this but talked myself out of it. + +&#x200B; + +I have a net worth of $8.5-$9 but own several leveraged assets. Multifamily properties are bieng managed by thirdparty, I self manage the commercial properties. Liabilities are $6-$9. + +I own 3 businesses and 4th with 2 other partners. My income is $600k with a salary+dividends from the businesses, cashflow from real estate is $250k but gets reinvested. Stock dividends get reinvested as well. + +&#x200B; + +I decided to reward myself last year with a home, with professional interior design and furnishing, and did a few renovations. I lived in the same condo for the past 7 years, hardly spending anything. Soon after is when I started to feel like crap for spending money on things that I didn't really need. I kept thinking of the liabilities I could pay down, or investments I could have made, reserve funds just in case... I feel like I could lose everything if I start spending my money and enjoying it. + +My business partners are in situations similar to mine but higher net worth and more liabilites. They don't seem to be concerned about it. They both have large homes on mortgage and a high spending lifestyle. I wish I could be as comfortable as they are but I honestly don't know how. +https://www.ft.com/content/11b1f0ec-5a6b-48d1-8d65-be26ead3a68d + +>Lossmaking UK energy provider Bulb Energy is racing to secure its future and has asked its main bankers to help find new sources of funding as record wholesale energy prices create turmoil in the sector. + +>The start-up, which supplies electricity and gas to 1.7m UK customers, is being advised by longstanding bankers Lazard as it explores its options, people with direct knowledge of the matter said. + +>Those options include raising new funds from investors as well as talking to other suppliers about a potential joint venture or merger, these people said. In those approaches, Bulb has been highlighting the quality and size of its database of customers. + +>One potential new backer approached about funding Bulb said it would be difficult given the current environment. + +What happens if you're a Bulb customer and they go bust? +Yeah I should probably keep track of my expenses better but a lot of the time its not feasible for petty spendings like <$10 stuff. + +Every couple of days I'll go over my credit/debit card statements to make sure I havent had fradulent activity or whatever and then I'll see like some obscure name and have to do mental gymnastics to figure it was just a cafe or bakery I got something from. +So I got married and have kept my cash I got as gifts as cash at home. Now I have the opportunity to purchase a property and want to use this cash as my deposit but it's from around about 250 different people gifting anywhere from £50-£2500. It wasn't for a deposit at the time so didn't think to get people to sign anything saying how much they gifted obviously. Now the bank want proof of this +I keep seeing people say that owning a home is this unnecessary "American dream", and that it's a bad idea, since most people don't want to stay living in the same spot for the rest of their life. + + +My question would then be, "If buying a house is not smart, what is the smart decision?". Is it just renting a house/apartment for the rest of your life? I did some math based on national averages in the U.S., and it looks like buying a home is a bigger investment of cash up front, but renting for your entire life would cost more in the long run. So what exactly is the answer here? I'm becoming more and more worried about how i'll ever be able to find affordable housing. +https://www.cnbc.com/2020/08/04/jim-cramer-i-cant-take-how-stupidly-bullish-this-market-can-be.html + +> Stocks on Wall Street ran higher Tuesday on “clueless buying,” CNBC’s Jim Cramer said after the market closed for the day. +> +> Some of the action drew scorn from the former hedge fund manager, who had some words for enthusiastic buyers that put money to play. +> +> “Last night, I told you not to overthink the run in the Covid stocks. Sometimes the market rallies and it makes perfect sense,” the “Mad Money” host said. “Then there are days like today, when I can’t take how stupidly bullish this market can be.” +> +> U.S. equities traded higher as Wall Street continued to digest results from the current earnings season. About 70% of S&P 500 companies have reported quarterly results. +> +> The Dow Jones industrials added 164 points for a 0.62% gain at the close, finishing at 26,828.47. The S&P 500 advanced 0.36% to 3,306.51 and the Nasdaq Composite trekked 0.35% higher to another record close of 10,941.17. +> +> Cramer offered another takeaway from Tuesday’s action: “Never underestimate the power of enthusiastic buyers who do not know what they’re doing.” +> +> He called out the misguided rush into oil producer BP and delayed appetite for biopharmaceutical products maker Sorrento Therapeutics, both of whose stocks rallied higher. +> +> “Sometimes the stock market roars and it makes perfect sense, but there’s also plenty of stupidity, especially during earnings season when there’s so much news that it’s hard to keep track of what’s going on,” he said. +> +> Shares of BP, which reported quarterly results before the morning bell, surged more than 7% Tuesday and Cramer was perplexed. The energy giant, which raised its dividend by 2.4% before the coronavirus outbreak devolved into a pandemic earlier this year, cut its dividend in half after revealing that it lost $6.7 billion in the second quarter. +> +> The rally drew scorn from Cramer, who said it is vying for “dumbest action of the year” and noted that the stock made bigger gains on this quarter report than it did when the company announced that it raised its dividend in the first half of the year. +> +> “Not only are they telling you business is terrible, BP is trying to distance itself from crude while preserving cash, but maybe that dividend hike was a mistake,” the host said. Tuesday’s rally was a “bigger gain than they got in February when they told you business was great and they raised the dividend.” +> +> As for Sorrento, Cramer noted that he recommended the stock was a buy when it was at $8 a number of weeks ago. When the company announced last Wednesday a new saliva-based Covid-19 test that yields within half an hour, the stock price rose 3%. +> +> On Tuesday, however, Sorrento shares jumped 31% to a new closing high of $12.84. +> +> “Turns out the market was just stupid because today, on the exact same news ... Sorrento rallied 31% to just under $13. The stock market’s supposed to be efficient, but somehow it took Wall Street six days to process this news.” +> +> +> +Hey all you happy Apes out there, I love all the purple circles that I've been seeing and I've been up voting them furiously! + +Today we got some excellent news that IEX and the SEC won their case for DLimit orders against Citadel! + +The DLimit order is a special Limit order that uses algorithms built into IEX. This works using a crumbling quote. I'm not an expert, but the jist is that it can detect when the order book is about to change and your order would become stale (old market price). High Frequency traders like to grab orders with stale prices because they can flip them and pocket the difference. The DLimit actively hurts this strategy! Here is a link that describes how it works: [https://storage.googleapis.com/assets-bucket/exchange/assets/IEX\_D-Limit\_Overview.pdf](https://storage.googleapis.com/assets-bucket/exchange/assets/IEX_D-Limit_Overview.pdf) + +Here's the deal. Currently even among brokers that do allow retail to place trades on IEX, none of them support the DLimit order. Retail can't benefit if we can't place this type of order. + +We should start asking brokers (like Fidelity) to allow us to place DLimit orders when using IEX on their platforms. Currently Fidelity only allows Limit and Market orders when using IEX. +If you're a successful daytrader, you must have been consistently lucky and/or are skilled in daytrading. There's no other way for you to be successul in daytrading. + +If you're one of those people, do you find daytrading easy? Do you identify profitable patterns with easy? How long did it take you to become a successful daytrader? +Last year **Overstock ($OSTK)** issued a crypto dividend (hmm, wonder why GME paid off all its debts early, they can now issue dividends). + +By creating a custom crypto dividend this would force **ALL** shorts to cover due to the fact *Ole Ken sucks toes, Melvin gobbles gilfs, and Vlad the queer beer* wouldn’t be able to provide the crypto as *only GameStop could provide the crypto.* + +So let’s do some simple meth *ahem* I meant math 😳 on Overstocks little teaspoon of a comparison fucking squeeze. + +$OSTK on March 13, 2020 was trading for **$3.23** and just five months later on August 21, 2020 it went up to a *juicy* **$121.09** damn that’s a sexy squeeze right? 🌚 + +[Overstock before the squizzle ](https://imgur.com/gallery/mDUE43j) + +[Overstock after the squizzle](https://imgur.com/a/IqxHQnR) + +Well guess fucking *what* mate the short interest was only fucking 13.8%...there was **5.8 million shares shorted out of 42 million** + +So that’s a *3,749%* increase in price. + +*Hehehe, here’s where the fun begins* + +So let’s take the minimum amount of short interest we have based off institutional holdings and all other calculations us *wrinkle brained chimpino apes have done* and let’s assume the minimum short interest calculation we have to work with is only **140%.** + +Now we’d have a **38,033.33% increase at GameStops current fucking price.** + +After hours close as of 4/16 is at $160.99 so using these calculations for the **minimum** projected squeeze target is **$61,229.33**. +*Hot damn this isn’t even including FTDs, OTC shares, all the other bullshit hedgies have thrown into our glorious oven where the tendies are being fucking baked and seasoned to perfection.* **Assuming all the other seasonings for our tendies our projections of 1-10-100 million are NOT “unrealistic targets.”** + + +Now let’s also take a look at the ticker **$DGAZF** + +The stock had a short interest of **45%** and went from a mere $400 a share all the way up to **$25,000** a share. + +[DGAZF Squizzle dawg 😎](https://imgur.com/a/9JUYdra) + +So, take a chill pill, a boner pill, maybe some whiskey or rum, or suck a big 🐔 (*if you’re a shill*) and wait for the **largest redistribution of wealth in history to occur.** + +I also want to discuss how there’s a large influx of shill posts trying to stir drama for no reason or karma farming posts that have no true worth. *Take a step back before posting and ask whether we can take something away from your post or you’re just going on a pointless rant.* + +**Let’s get something very clear: when someone says that their FLOOR is XXXXXX that does NOT mean it is the CEILING, PLEASE KNOW THE DIFFERENCE BETWEEN A FLOOR AND A CEILING.** + +*Thank you DFV for staying true and giving the 99% hope. I’ve lost my job this pandemic and it’s been tough mentally but once this rocket takes off I will never forget the unity we’ve had on this sub...I will get a tattoo as remembrance once we hit over $25,000. I vow to make the world a better place, as well as many other 💎🙌🦍 So cheers everybody, here’s to new beginnings, a brighter future for the world as we know it, and let’s never forget where we came from.* +I'm 26, about to turn 27. + +I've made tons of mistakes, and quite frankly, feel incredibly anxious about where I'm headed in life. I currently make 40k, and have tried to reduce my spending in every way imaginable. My spending is as follows: + +600 Rent (Includes Power/Water) +242 Car Payment +178 Student Loans +106 Car Insurance +400 Toward CC Debt (I owe about 3200) + +That leaves me with 1040 when all is said and done. What I've done thus far is 200 on groceries, 200 on entertainment, and 600 on savings, but I just feel like it's not enough. The debt feels insurmountable because of interest, and then I have to pay the car and student loans as well. I have about 2000 saved up in an emergency fund. Should I take my "savings" and just use that money to pay off the CC instead? + +I also feel like I'm not really living and that's a whole other topic of discussion. I recently stopped attending therapy in order to save money, which isn't doing me any favors. + +I'm currently looking for a second job. I don't want to work too many additional hours, out of fear of slipped performance at my primary job. I'd want to ideally just work 8 extra hours a week or so. + +I feel woefully inadequate as an adult and I don't know what to do. +My wife and I make a combined 95k/year but we always seem to be behind on bills. We have 2 car notes, our house, and about 25k in credit card debt. Our net income feels like it should go much further than it does, but we are always penny pinching at the end of the month. How do we get out of this? +Right now, with my roommate, I pay about 450$ for rent and utilities+internet. But I'm planning on moving into a 1 bedroom apartment, alone, in September. + +I'm 28(F), but I've never paid more than 500$ a month for rent/utilities. I've always had roommates. I'm a very anxious person and I worry that I'm going to somehow mess this up. + +I'll have about 4500$ in my account in September, so that's a nice safety net. I've always been good about saving, because I don't splurge on myself much. + +When I'm working full time and performing well (I work in sales), I can bring home at least 1800-2300$ a month, possibly more. But after not working much for the past 10 weeks due to covid concerns, I'd be happy to make 1400$ a month. + +I'm very nervous about being independent. I've never lived alone. I'm worried I'll crumble under this imaginary pressure I'm creating for myself. + +I'm going to make a new budget. I love budgeting. I think this could be a necessary "challenge" to help me realize that I can survive on my own. Even if it is over half my monthly income... + +Please help reassure me, or tell me the risks. Just any help. I don't want to let my anxiety to run rampant. + +My mom said she hasn't seen me this excited about anything in a while. I really want to live alone in this apartment. It'd be so cozy. + +Also, I'm not looking for karma, just advice and answers. I don't want this to get removed. + +EDIT: I haven't signed a lease. I know you're not supposed to pay that much of your income into rent, but I kind of don't have a choice +&#x200B; + +https://preview.redd.it/pvxigqw3rw581.png?width=900&format=png&auto=webp&s=6fccaa0bf701a07edd6a18ec92f56b1e2bdd14f5 + +Dear friends, + +Since some time i'm interested by open sources alternative to FAANG and considering the situation, I think we must start to take a look in some of this solutions for Superstonk. + + We take it for granted that Reddit will no longer work when MOASS begins. We set up meeting points on Twitter or Youtube without knowing if these places will be open. I think it will be essential that we can continue to talk during this time and the absence of Plan B does not reassure me. + +For some time I have been learning about open source and decentralized alternatives to FAANG and it seems that there is a whole ecosystem of solutions united around a single term: the Fediverse. + +The principle of the Fediverse is to create an exchange protocol which makes it possible to create many software equivalent to Facebook, Reddit, Youtube but without any centralizing organization capable of censorship. Each community can create and host its own servers, each people can manage his datas, each user account can be used on all the servers. To draw a parallel, this networked server system capable of exchanging is similar to emails but for a social network: you can go to Gmail, Outlook or another, it will not prevent you from writing to people who are not with your email host. It's decentralized but connected. + +&#x200B; + +If you want to learn more you can go to the site: https://fediverse.party/en/fediverse + +For a standalone Reddit alternative you can find: https://join-lemmy.org/ + +I think the mods should look at this solution to ensure the autonomy of our community if something happen. Maybe we can have our self-hosted solution to discuss of GME and protect this fabulous place called Superstonk. +Every time a dip occurs I go to https://ethresear.ch/ and check if the development has stopped. It has not. Sharding is getting more and more attention, which will allow mass adoption in the future. +I like to think that money is a tool; a representation of resources. You don't need much to be comfortable except discipline about how you spend in line with being able to have the things that keep you happy. + +&nbsp; + +If you need very large amounts of money then you should be asking what for? I have very clear goals in mind for what proportion I wish to spend and on what + what proportion to put away in the event of a rainy day. + +&nbsp; + +I've lived or at least experienced every extreme and graduation of the wealth spectrum; People can me chronically miserable, content or ecstatic at any spectrum of it. + +&nbsp; + +In my experience I've come to the conclusion that people are either predominantly creators or consumers. In truth they are often both to varying degrees at different times in their lives but there is a rough equilibrium that isn't really breakable until you possess insight into such a mechanic. In my anecdotal observations I find people who are excessively consumptive in nature tend to be less happy than those who strive to create out of their surroundings. + +&nbsp; + +It's better to be mentally honest + creative and know how to make your life around you fun rather than to be consumptive in the hopes that ownership of things alone will make you happy; It helps and certainly the pursuit of novelty and new experiences and ideas using wealth as the means combined with reflection on environment is a commendable way to achieve self development. Wealth however on it's own is not happiness. + +&nbsp; + +For me the meaning of life is to create your own meaning; make your own novelty and find the things you aspire to be and that provide happiness; even if other people around you are supportive or unsupportive you should still pursue your goals as eventually you'll wind up in the company of people who share your passions. +Good morning everyone, and happy Thursday. + +*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: TDC, RNLX, MVIS, CRSP, PTON, SKLZ, FCEL, NKLA +* Gapping DOWN: MARA, RIOT, FSR, PLNT, RIO + +**Momentum Watchlist** + +1. GRNQ (+11%): Up after acquiring $16 million in NFT's. Seeing good volume and price action at the moment, I'll be watching to see if the momentum continues. Premarket high of 2.38. +2. BNGO (+9%): Up after announcing publication of new approach to study DNA replication using optical genome mapping with Saphyr. Premarket support around 6.20-6.21. +3. XL (+5%): Up after announcing partnership with Dickinson Fleet Services for expansion of nationwide service support. Seeing decent volume and price action in premarket, I'll be watching to see if momentum continues. +4. HZAC (+2%): Up after announcing SPAC merger agreement with Vivid Seats. Seeing decent price action and volume in premarket, I'll keep an eye on it throughout the day. +5. VXRT (+7%): Up on positive hype surrounding COVID vaccine pill. Seeing good price action at the moment, but on low volume. I'll be looking for volume to increase. + +**Market Outlook** + +Stocks are looking to open a bit lower this morning, after the strength we saw yesterday. SPY is trading just below 416. We could see a push to new ATH levels today, or some choppiness and indecision around these levels. Bitcoin recovered a bit from last night, and is currently trading around 55,100. Hovering around support, it will be interesting to see how Bitcoin behaves in the next few days. Bitcoin-related stocks are mixed in premarket, and will be worth watching throughout the day. Tech stocks are down a bit in premarket trading, but nothing considerable. Marijuana stocks are up a bit in premarket trading, and worth monitoring the next couple days. Gold and silver are down this morning, while crude oil is up. + +Not a lot of gappers looking attractive at the moment, I'm just going to be watching the charts and waiting patiently for trading opportunities to develop. + +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 :) +There is a popular stock recommendations service *Montley Fool*. You may have seen their articles in the news - they are all over the place. One of the lists they offer is called "Rule Breakers". Described as: + +>Discover market-beating growth stocks, learn which businesses are poised to be tomorrow's stock market leaders, and see which companies are the best stocks to invest in today. + +I have backtested the following **thesis**: *these stocks are popular growth stocks with a strong market interest behind them which should result in a lot of participants buying the dip.* + +\------------------------------------------------------------------------------------- + +Stocks Selection + +* All "Rule Breakers" buy recommendations made in H1 2021 (*from 2021-01-14 to 2021-06-24)* + * 12 tickers total: NET, DDOG, SNOW, TTD, CPNG, PLNT, GDRX, TDOC, SNBR, AXON, MRNA, W + * I'm trading *from 2021-07-01 to 2021-11-30* (to avoid look ahead bias) +* Enter Criteria (condition to open a position) + * Only enter in the first half of the day + * Wait for 9:40 (market is open for 10min) + * Stock price dropped more than 1% from the open price of the day + * There is a sign of recovery (EMA 8 is going up on a 3min chart) + * If there are multiple candidates - buy the one with highest relative volume within 10min +* Exit Criteria (condition to close a position) + * 1% profit or a trailing stop loss 0.25% + * alway exit EOD +* Initial capital $10,000 + * Gain is reinvested the next day + * Loss reducing the buying power the next day + +**Results**: Cumulative GAIN **35.34% |** Max Draw Down **-4.07% |** Alpha **24.89** (vs. SPY buy&hold). Not that bad for 5 month. + +"Rule Breakers" **buy&hold performance** for the same period: **6.39%** (buying each stock worth of $833. 10K / 12 \~ 833) + +&#x200B; + +[Returns vs. buy and hold benchmark - $SPY](https://preview.redd.it/i60yo0jg97381.png?width=2916&format=png&auto=webp&s=b2e3d464aedb90850ba8dd302963c34534d60f31) + +[Tickers traded](https://preview.redd.it/kro089kc77381.png?width=2932&format=png&auto=webp&s=be50d3178f841f67b7843e8e22b470c25f555229) + +Disclaimer: all calculations made using [BreakingEquity.com](https://breakingequity.com/) +This is a continuation of [Part 1, Finkle Is Einhorn](https://www.reddit.com/r/Superstonk/comments/owpfc3/will_the_real_gme_bbemg_please_stand_up_part_1/). A revision is [available here](https://www.welcometothemachine.co/index.html). Please see intro post below. I ran out of room. Damn character li + +# + +https://preview.redd.it/0qfp9kwxq5f91.png?width=1200&format=png&auto=webp&s=3c23a4e4e3eddaf53d76fc0c4741e0dea16ba24e + +# Section Four: MegaMedia + +# + +# Section 4.0: Preamble, Part 2 + +# 4.0.1 The Truth Of It + +In this Report I will not be telling you the Truth. + +I know, that’s a helluva hook. It isn’t that I am avoiding telling you the Truth, or that I don’t want to; I can’t tell you the Truth because I don’t know what the Truth is. What I will be doing is showing you the evidence. This evidence comes from my investigation into who owns what, how they got it, and *what is this "ownership" thing anyways?* (both legally and practically). Since everything in the world is owned by someone, and that ownership was achieved somehow, this Report has a rather broad scope. The breadth of that scope becomes more clear when you realize that almost all of our decisions in life, at least on some level, are economic in nature. Our economic decision making processes tie directly into who owns what and how. While I don’t know if this Report accomplishes its goal in its entirety, it at least shows a whole lot of evidence that puts at least a few of the answers (for the really big questions), for me at least, beyond a reasonable doubt. YMMV. + +The evidence I will be presenting is largely what specific people have said, either formally (official government documents, reports, laws, etc.) or informally. By “specific people” I mean natural persons, governments, corporations, laws, court cases, etc., hereafter collectively referred to as “people”. I will be showing you what these people say in their own words and in full context (to the best of my ability). The sourcing of this evidence can’t be overstated. + +I can’t tell you that what these people are saying is the truth. I can’t tell you that they believe what they are saying. I can only show you exactly what they say, who exactly is saying it (within scope, which I will elaborate), and the context in which it is said. + +# + +# 4.0.2 Look Who's Talking + +https://preview.redd.it/c10n9r60r5f91.png?width=400&format=png&auto=webp&s=b22d43532897e1c30aa55fc25a263bc6ad53bf54 + +The sources I will be showing you are essential pieces of the evidence itself. It will seem that I am being overly cautious here, or that I am being pedantic, but the main driver of this Report is evidence. Here I will be talking about my sourcing, because the topics that I will be discussing will be ***completely unbelievable*** unless you fully understand exactly who is doing the talking. + +The evidence will be presented in the following way (any exceptions will be noted): + +**1.** I will be naming the source. + +This is usually done as part of the flow of the report. + +**2.** I will be presenting a quote. + +The quote format will be obvious. If there is a specific part of the quote I will talk about, I often highlight that part. If nothing is highlighted, the whole quote is likely to be commented on, or the whole thing is something I consider to be important. This is not a hard and fast rule. I may talk about non-highlighted parts, for example, and really all of this evidence is important. It is best to read the entire quote, but that is up to you. This report is the evidence though. If you read nothing but the quotes, that would be a better way of reading this report than reading only my words which are far less important. + +The context of the quote is incredibly important. I have striven to produce the quote in context and to supply necessary surrounding context to the quote in my narrative (this is a potential point of issue as will be discussed later). A lot of my investigation has led to what I consider to be “Contextual Lies” (or if unintentional, “contextual non-truths”) that come from out of context quotes, or slight misquotes, or narrative overlays that do not match with what I think has really been said. That doesn’t mean my estimation of what has been said is correct, it only means I personally don’t think the primary source I am quoting meant what someone else is saying it meant. I make explicit when I think this occurs. + +Because using your own critical thinking in any investigation is essential, I also provide a link to the **full source** so that you can look for yourself to determine if you think I have presented the context of the quote correctly. + +**3.** I will be providing a link. + +The links I provide go to the source; who is doing the talking (unless otherwise noted). Many of the links go to archived documents, but the archive itself has the original link text contained in the “archived” url. For example: when a web page is archived at archive.org a new link is created such as: + +[https://web.archive.org/web/20170722135335/https://www.fda.gov/ICECI/EnforcementActions/FDADebarmentList/ucm139627.htm](https://web.archive.org/web/20170722135335/https://www.fda.gov/ICECI/EnforcementActions/FDADebarmentList/ucm139627.htm) + +This url, from archive.org has two parts. The second part is the original source: + +[https://www.fda.gov/ICECI/EnforcementActions/FDADebarmentList/ucm139627.htm](https://www.fda.gov/ICECI/EnforcementActions/FDADebarmentList/ucm139627.htm) + +Note that it goes to a website on an fda.gov server. + +This particular link goes to a 404 ([Page Not Found error](https://en.wikipedia.org/wiki/HTTP_404)). This means (in this case) that the page once existed on the fda.gov website, but has been removed. + +The archived link adds the prefix to the original FDA site when it saves it: + +[https://web.archive.org/web/20170722135335/](https://web.archive.org/web/20170722135335/) + +Note the number at the end of the url (20170722135335). I’ll get to it in a moment. + +This saved website is created by the archiver to store on the archive web server. Think of archive.org as “saving” a part of the internet at different points in time. The archived page link itself goes to a stored version of the fda.gov web page from a specific time in the past. + +The important point is, this website should be considered the same as the FDA having said something at the time that it was saved. In the case of the first link above, this time is encoded in the url itself: + +20170722135335 + +Separating by bar “|” gives: + +2017|07|22|135335 + +This part of the url says it was saved in 2017, on 07/22 at 13:53:35 UTC. + +Not all sources are from the archive server. When they are still available on the web I will often use the current source. In all cases it is essential that you note the source (contained within the url). When it has a url of .gov, it means it comes from a government run server. You can’t get a .gov domain name unless it is sanctioned by the government. This .gov website is just an example. I consider all sources as primary unless explicitly noted otherwise. In other words, who is doing the talking is contained within the url, unless noted otherwise (some books I quote e.g.). + +You must understand that these are [primary sources](https://library.shu.edu/primarysources) to understand the evidence. It is essential. + +# + +# 4.0.3 Did You Just Wiki Me? + +In this report I will also use some non-primary sources. I use these often to elaborate on something non-controversial, i.e. for subjects that are considered to be *Generally Accepted as True* (GAT), and which I am not contesting. Alternatively, in some cases, I will use these sources to present what is GAT (the common, or consensus beliefs) before I contest the assertions contained within. These non-primary (or non fully vetted secondary) sources are really just used as a “showing you what is GAT” machine. + +Many people believe that wikipedia is the worst source to use. The reasoning is that wikipedia can be written by anyone (which is only sort of true) and other sources are signed (which is also only sort of true). I will present evidence in a later section that such reasoning is flawed, but for now, understand that my use of wikipedia is strictly for things that are GAT (generally non-controversial, or low controversy topics). I like wikipedia because they provide so many sources for their statements. Many of the “accepted” references (MSM, encyclopedia’s, etc.) do not provide the level of external (non-wikipedia) source referencing that wikipedia does. + +One of the problems with wikipedia is that their sources are usually secondary (a major flaw, or at least a nuisance), but at least there is a well referenced source there, very often one that I can find. From those secondary sources I have been able to find clues to track down many primary sources. In other words, wikipedia is a very useful tool. + +The main flaw in the reasoning of why one “shouldn’t” use it, is that there is an implicit assumption that because it is semi-anonymous it is *less trustworthy*. The problem comes in the word trustworthy, or rather the word “trust”. I do not in any way *trust* wikipedia to be telling me the truth. As I will show evidence for in a later sections, using “trust” in any investigation is a flaw. There is *no source* that should be “trusted.” Instead, we should listen to their argument, on the merits of the argument itself. From the presented argument of any source we can then dig deeper, find corroborating, or contraindicating evidence and present supporting or counter arguments. No where in there does “trust” help in the process. In fact, it does the opposite. I will elaborate this concept later. + +I will be providing evidence in this report that may be controversial. None of this controversial evidence will rely in any way on wikipedia (or any other unvetted source), and in each case that I use wikipedia I have done a search on google to make sure the results are generally corroborating (which is really the definition of GAT, AKA consensus AKA conforms to the “official narrative”). I strongly encourage you to do your own investigation into anything I present, whether it is primary or stated as GAT. I am most certainly not believing that something is true just because it is GAT, I am only *not contesting it* (at this time). + +For these reasons I assert Wikipedia is a good resource. + +Just don’t *trust* it. + +At all. + +# + +# 4.0.4 The End Of The Beginning + +Don’t worry too much about the title “The Matrix.” I’m not going to present evidence that your brain is plugged in to an all powerful machine that is controlling your views and beliefs of the world, nor that your body is used as the power source to run it. + +I promise. + +# + +# Section 4.1: The Ministry Of Truth (Intro) + +https://preview.redd.it/pu9jjze1r5f91.jpg?width=1500&format=pjpg&auto=webp&s=7fb8292fd352217619bad4960eba7cc86af6af2c + +# 4.1.0 The Company You Keep + +Just in case you thought maybe Megacorp didn’t own the media companies, this is where we pull out the book on Super Advanced Fuckery and, with some sucus citrum (lemon juice) and our super secret lucernam arcanum (arcane candle), we’ll take a look at the blank pages at the end of that book. + +https://preview.redd.it/yjr67fg2r5f91.png?width=242&format=png&auto=webp&s=f37f0423d200d072266932aa941d982572bea949 + +In order to gain a deeper understanding of our “modern economy” as the evidence this report suggests it is... in order to even *look* at the evidence I will present, there must be an understanding of the Media chapters in the Super Advanced Fuckery book. Some of this is going to seem a little off topic from the economics of ownership, but I feel this information is essential to understanding the evidences I will present on those topics. + +Outside of our immediate sphere of experience, what we perceive to be "really going on in the world" is completely dependent on the mediums we use to view the information. If those mediums are manipulated, even a little bit, our view of reality is manipulated commensurately. I will be presenting some evidence here that suggests such a manipulation of our view of the outside world. This isn’t just evidence that it happens. Most people realize it happens. This is an exposure of the scope, both in the past and present, and in product space. It also gives evidence of the actors involved, and their motivations. + +This evidence, as it pertains to the media specifically, will be scattered throughout this report. It will gain more specific focus towards the end of Part 2. Before we get to any of that though, I want to look at who owns the media; Megacorp style. + +# + +# 4.1.1 The Information Dealers + +In [section 1.0](https://welcometothemachine.co/index.html#_1-0-0) I picked many of the companies I did specifically because if you look, you can find a direct connection of ownership between the last few companies I listed and every single form of information exchange. All of our media is owned by these companies (e.g. CNN (AT&T), FOX (Split up into News Corp and Disney), MSNBC (Comcast), Marketwatch (News Corp), etc.). + +Note: to understand what these ownership heat maps represent, please read [parts 1.0-2.1.2 of Part 1 of this report](https://www.welcometothemachine.co/index.html). + +https://preview.redd.it/knaimed5r5f91.png?width=1270&format=png&auto=webp&s=bc3d8d82939ea8d03336640435961110ce6d0508 + +You have probably heard it said “[only six companies own all the media](https://www.businessinsider.com/these-6-corporations-control-90-of-the-media-in-america-2012-6)”. They're wrong. It’s one. All of these companies have as primary shareholders the same investment groups and thus are all owned by Megacorp. While what I will be showing here is far from enough evidence to support the statement of a "single owner for all of media," a great deal more evidence will be forthcoming when we get closer to the relevant conundrum of Part 2. + +It's not just the news websites and stations that are owned by Megacorp. Its also social media (Facebook, Twitter, TikTok, LinkedIn, etc.), Google et al (which provide "personalized" search results and are the gatekeepers of all information): + +https://preview.redd.it/el1lq7n5r5f91.png?width=920&format=png&auto=webp&s=d9cc3a45cb79995ca26aacf66e827fea0899221a + +Hollywood, and all entertainment: + +https://preview.redd.it/jt0ibk76r5f91.png?width=630&format=png&auto=webp&s=dc51f24041a40bac485f5ddf0596d80c21c66cc6 + +It’s even the "fact checkers". + +# + +# 4.1.2 International Fact Checking Network + +https://preview.redd.it/g9vq24u6r5f91.png?width=678&format=png&auto=webp&s=569b086dafcb4caf93c75bd2f3ce37ca988fa753 + +I will show a funding money trail for just one of the Fact Checkers to provide evidence for Fact Checker Fuckery. This one leads directly to all the others, so it will be sufficient. I think understanding the Fact Checker web is essential to an appreciation of the potential scope of the media problem. It’s easy to get lost in the weeds in these investigations but I encourage further independent investigation if you think I must be incorrect or if you are just curious. (I recommend digging into Snopes' weeds if you are curious). I will admit that I have not checked every single fact checker, but I have investigated the money trail for a few. They all lead directly back to Megacorp paying their salaries. As you will see below, they are all fundamentally connected by other means as well. + +The parent organization for PolitiFact.com is the Poynter Institute for Media Studies. The Poynter Institute is a “non-profit” journalism school that gets its funding from a [who's who of billionaire's foundations](https://web.archive.org/web/20210713120448/https://www.poynter.org/major-funders/). An abbreviated list: + +* **Funders** +* Charles Koch Foundation +* Democracy Fund +* Environmental Defense Fund +* Facebook +* Foundation to Promote Open Society +* Gill Foundation +* Google News Initiative +* Institute for War and Peace Reporting + +The list goes on, all in the same vein. + +There’s also the list of their “Largest custom training partners:” + +* **Largest custom training partners in 2019-2021** +* American Society of Business Publication Editors +* Charles Koch Institute +* ESPN +* Facebook +* Huffington Post +* Marketplace +* MRC Media +* Middle East Broadcasting Networks +* National Public Radio +* Newsweek +* New York Times +* Pinellas County School District +* Southern Newspapers Publishers Association +* The Washington Post +* TikTok +* USA Today Network +* Vice +* Voice of America – Broadcasting Board of Governors + +These are, according to [a more recent page](https://www.poynter.org/major-funders/#1632843520043-6f2a5e92-fdef), the organizations that Poynter's trains on how to give facts. + +[Here you can find](https://www.poynter.org/major-funders/#1632843888743-52666069-9ec9) the institutions that give Poynter's the facts ("collaborate"), ensuring that *everyone* has the same facts. Here are a couple examples from that link: + +* **Democracy Fund:** Granting PolitiFact unrestricted support to sort out the truth in American politics. +* **Google News Initiative:** + * Enabling MediaWise and PolitiFact to launch independent media literacy and fact-checking initiatives + * Collaborating with the International Fact-Checking Network to help fact-checkers uphold the principles of truth and transparency in their verification efforts +* **Meta:** + * Helping MediaWise and PolitiFact in the fight against mis- and disinformation to help people sort fact from fiction online + * Empowering the International Fact-Checking Network to support fact-checkers, climate organizations and solution providers working to combat false and misleading information about the environment + * Enabling the International Fact-Checking Network to foster mentoring partnerships between seasoned professionals and fact-checking organizations worldwide +* **TikTok:** Helping PolitiFact continue to fact-check elected officials and hold government officials accountable + +We will be seeing the real ownership of quite a few of the organizations above as the Report unfolds. Not because I went looking per se, but because in the course of other investigations, the information came up and was relevant to something else. All of the ones I found are surprisingly more interesting than they appear on the surface. + +Through Poynter, they don’t just contribute to PolitiFact, but to many (likely all) Fact Checking organizations through [a central control structure](https://www.poynter.org/ifcn/) for “best practices”: + +# + +>The International Fact-Checking Network is a unit of the Poynter Institute dedicated to bringing together fact-checkers worldwide. The IFCN was launched in September 2015 to support a booming crop of fact-checking initiatives by promoting best practices and exchanges in this field. + +Does that sound like fact checking organizations are “independent” to you? Look at the top two bullet points of the IFCN’s intentions (in the l link above): + +>\* Monitors trends, formats and policy-making about fact-checking worldwide, publishing regular articles in the section below and in a weekly newsletter. +> +>\* Helps surface common positions among the world’s fact-checkers. + +They do everything they can to make sure “Fact Checkers” are all saying the same thing. No “fact checker” has to investigate the facts themselves if they can simply go to a fact checker *source*, or get the predetermined “facts” in a *newsletter*. + +Here’s the crazy thing about actual facts. If something is a fact, all truly independent, honest sources will come to the same conclusion. If there are nuances, or questions, then debate will occur. An independent path of investigation, followed by debate (which never officially ends), is foundational in the scientific method. Indeed, I assert the only path to the Truth using our methods of reason (e.g., logic, science, etc.) is through debate and consideration by many minds, taking on that goal in earnest. Why would it be any different in any other report of observations? + +From the “Funders” list above, many of the organizations who contribute to Poynter are also deeply invested in and/or owned by and/or funded by Megacorp (i.e. Fact Checkers are also Megacorp by ownership and funding money trail). Looking at the funders listed above there are some real doozies. Each NGO, NPO and Foundation is a deep dark rabbit hole itself. I will delve into potential fuckery involving Philanthropic Foundations in another section of this report. + +Rather than go through the whole list of funders (to save time), just notice two of the contributors to the IFCN: Facebook and Google News Initiative. + +That PolitiFact is used to fact check for two of the largest information sources on the planet does not prove lying or deceit. That Facebook (Meta) and Google also contribute to their "journalistic endeavors" (i.e. "collaborates" with them on the facts, that they turn around and check) does not prove anything nefarious either. This only shows a direct line of funding and information contributions between two of the largest sources of public information consumption and one of the large fact checker websites that “fact check” them. This evidence shows clear conflicts of interest (though nothing more at this point). The same exact types of monetary paths can be found for every single Fact Checker that I looked at. The phrase “Independent fact checker” is a provable oxymoron (at least through proof of monetary dependence) in each and every case. + +It isn’t just funding that asserts a lack of independence with the rest of the Fact Checkers. The IFCN also has a “[code of principles](https://tinyurl.com/5cks7nnt)” and an “application and vetting process.” (The link to the application is about middle of the page of the Code of Principles page.) At the bottom of the first link is a list of “approved fact checkers.” It contains all the sites you would think of: Associated Press, Washington Post, Snopes, etc. I don’t know for certain if that list is comprehensive or up to date (no date goes past Aug 2, 2017). Any wannabe Fact Checker has to pass this vetting process (and pay its dues) or it isn’t allowed to be a part of the Fact Checking network. + +If you’re not a part of the Fact Checking Network will you show up on a Google search? What about one of the bajillion sites that use a Google search function? Will you show up on Facebook or Twitter or anywhere? Lets try Google: + +Using a mostly random, but likely controversial topic, I selected the search term, “fact check do masks stop covid.” I got the following [list of websites](https://www.google.com/search?q=fact+check+do+masks+stop+covid): + +1. factcheck.org (approved by IFCN) +2. factcheck.org (“”) +3. reuters.com (partnered with Associated Press (AP) (see below), approved by IFCN) +4. reuters.com (“”) +5. politifact.com (approved by IFCN) +6. usatoday (at the bottom of the page says: “Our fact check work is supported in part by a grant from Facebook.”) +7. covid19factcheck.com (A UCSF medical school site. Almost every single “fact check” on this page is a copy/paste from the WHO or CDC, which are also cited often in all other Fact Checkers. Nevertheless, maybe this is the “exception that proves the rule?” I will return to this question in another part of this report.) +8. wionews.com (This page does its entire debunking in a few sentences and cites FactCheck.org twice as an authority.) +9. factcheck.afp.com (AFP, like Reuters is also a part of AP) +10. wcvb.com (This begins its “debunking” with “We are collaborating with FactCheck.org” with a big link to their website.) + +Note: due to Google’s personalized algorithm and the date of the search (around Aug 2021), you are not likely to get the same results I did, though I suggest the end result will have all the same direct ties to the IFCN. + +# + +# 4.1.3 Oh What A Tangled Web We Weave... + +Let's look deeper into the connection between some of these sources. + +According to [this report](https://unesdoc.unesco.org/ark:/48223/pf0000073446/PDF/073446engo.pdf.multi) from the United Nations in 1952 titled, *News Agencies, Their Structure and Operation*, AFP (formerly Havas), AP, and Reuters are the primary “World News” sources. + +On page 15 of that document it says most of the National News agencies from all over the world became part of the Reuters Trust. This ensured that all news came from one source. It says: + +# + +>it is true to say that in 1952 world news is disseminated mainly by six agencies: the US agencies (AP, INS and UP); the British agency, Reuters; the French agency, AFP (formerly Havas); the Russian agency, TASS. + +UP is the United Press. It was the competition to AP in America as a World News source. At the bottom of page 12 it says: + +# + +>Once the new Associated Press had concluded an exclusive contract with Reuters, which provided it with the services of Havas and Wolff as well as with its own (a contract, moreover, which in practice gave AP the monopoly of all European news in the United States), the first United Press agency was gradually pushed out of business and ceased operating. + +This was apparently around 1892, though the exact date is not made clear. By this time it appears the UP was not a player, so I am not sure why it was included in their statement about 1952 above. Perhaps it gets into more specifics at some other point of the report. I didn’t read the entire document. I only used it to try to figure out who AFP was in relation to the others. It may be a treasure trove of other useful MegaMedia info and I should get into it more at some point. Nevertheless, I read enough of it to get some useful info. + +# + +>The geographical spheres of activity covered by the four world agencies which came into being between 1835 and 1851 were fairly circumscribed and were determined in the main by political, economic or ethnic affinities. The four agencies’ limited resources inevitably restricted their expansion. **It was natural that they should co-operate and “ally” themselves by contracts** for the exchange of services, so as to be able to cover the news in the greatest possible number of countries. +> +>The history of the “treaties of alliance” signed by the agencies in Europe and the United States may be divided into four different periods: the alliances take shape from the beginnings to 1870; the reign of the “grand alliances”, from 1870 to the first world war; the alliances disintegrate, from the first world war to 1934; the present time. + +So there were contracts that gave this “alliance” of World News sources effectively one news voice from before 1870. + +Sometime around WWII there may have been a falling out (page 19) of this alliance (no big surprise), but at some point all World News sites were brought back under one roof (from which *all* MSM news sites world wide, **by contract**, get their world news). There have been several contracts and alliances formed between these groups over the past 150 years. As of now, their joint *Trusted News Initiative* (TNI) ensures all reporting voices and all fact check voices are one voice world wide. No dissension happens within the framework of the MSM. + +This latest contract, the TNI, apparently [started with the BBC](https://tinyurl.com/2bapkph9) getting together with all its MSM buddies to “stop the spread of disinformation:” + +# + +>The TNI is an industry collaboration of major news and global tech organisations working together to stop the spread of disinformation where it poses risk of real-world harm. +> +>In the month leading to polling day, partners will alert each other to disinformation which poses an immediate threat to life or to the integrity of the election so that content can be reviewed promptly by platforms, whilst publishers ensure they don’t unwittingly republish dangerous falsehoods. + +Who assesses what is ���disinformation” or a “risk of real-world harm”? They do. The same single organization that is allowed to tell you “the truth” also determines what that is. The above paragraph, and the start of the TNI was for the UK election in 2019. + +# + +>This new expansion to the US follows the TNI’s success in tackling disinformation during the UK 2019 General Election, the Taiwan 2020 General Election... + +To be clear that this was not the first or only such partnership: + +# + +>The Trusted News Initiative (TNI) was set up last year to protect audiences and users from disinformation, particularly around moments of jeopardy, such as elections. **The TNI complements existing programmes partners have in place**. + +Its members are, well, everyone (MegaMedia): + +# + +>The partners currently within the TNI are: AFP; BBC, CBC/Radio-Canada, European Broadcasting Union (EBU),Facebook, Financial Times, First Draft, Google/YouTube, The Hindu, Microsoft, Reuters, Reuters Institute for the Study of Journalism, Twitter, The Wall Street Journal. + +And just in case you thought the big American boys were left out: + +# + +>The TNI is also expanding its global network. New organisations joining the TNI for the US Election include The Associated Press and The Washington Post. + +Just in time for the U.S. election. + +Right before the *v-words* were deployed they also [made sure to include](https://tinyurl.com/y3xchzdm) a censorship and fact check of disinformation about them (please see note below on "v-word"): + +# + +>With the introduction of several possible new Covid-19 *v-words*, there has been a rise of ‘anti-*v-word*’ disinformation spreading online to millions of people... +> +>TNI partners will alert each other to disinformation which poses an immediate threat to life so content can be reviewed promptly by platforms, whilst publishers ensure they don’t unwittingly republish dangerous falsehoods. + +One voice is good right? It makes sure that no “harmful misinformation” occurs. The fact that the CEO of Reuters which leads the TNI is also on the [Board of Directors for Pfizer](https://tinyurl.com/37apn3rx) might be a conflict of interest when it comes to fact checking information on their products, but I’m sure nothing untoward is happening there. + +The whole idea of a one voice world wide media also sounds a little bit like one of the ten planks of the [communist manifesto](http://www.slp.org/pdf/marx/comm_man.pdf) (page 28): + +# + +>6. Centralisation of the means of communication and transport in the hands of the State. + +The “Ten Planks” are the steps necessary to bring about Marx’s ideal utopian world. Of course this is centralizing the means of communication into the one voice of MegaMedia and not “The State,” so there’s really nothing to worry about. + +Unless The State and Megacorp are less distinct than they appear? Then it might be exactly as Marx envisioned it. Not that I'm saying that *at all*. I'm just saying **if** there were some fundamental connections, then it would look a lot like Marx's Utopia. + +I would also like to add one thing about the name “Trusted News Initiative.” Anytime you have to tell someone you are trustworthy, there’s a fair chance you might not be. A complete lack of independent investigative journalism and a requirement to pass their own built in Fact Checking Network to be allowed to “fact check” (debate a point), doesn’t seem very “Free Press”y to me. As I will show in other parts of this report, there are organizations that incorporate under names that are provable as the opposite of what their name suggests. Such names have pulled the wool over the public’s eyes for a very long time. It won’t make a lot of sense how big of a deal that is until Part 3, but when you see what I mean, remember this part. Corporate names that are designed to make you believe the opposite of the truth are a very, very big deal. I’m not saying the TNI is an example of that. Maybe it is, maybe it isn’t. Maybe it’s totally the bestest most trustworthiest Ministry of Truth Media Conglomerate ever conceived. I am only suggesting that you remain suspicious of anyone who is named one thing (Trusted), but their actions suggest the opposite (no independence in journalistic endeavors). + +I don't know if it's fair to call this mess The Ministry of Truth. I am not trying to prove intent. I am looking at how they define themselves, and following their money and ownership trails. Plus [the name is already taken](https://tinyurl.com/ysa7j2x3). Instead I call all well known media, MegaMedia. There appear to be multiple voices and opinions proffered by MegaMedia to various demographics, but this evidence (and a great deal more to come) suggest that there may be ultimately only one source. + +Again, I'm not suggesting you believe that statement (or anything I say). I'm really just trying to report evidence, my words are inconsequential in comparison. I really haven't even gotten to the good stuff yet. I'm just saying it kinda is looking like that might be the case; a single voice, giving lots of different opinions to different demographics. + +I do not want to come across as discrediting fact checkers or news just because of a lack of independence. In any argument or rebuttal, it is essential to address specifically *what* they say; the arguments they make. Within "what they say," it can be useful to look at the rhetoric they use, their narrative overlay on top of their “facts” (i.e. what are the facts they present, and what are their opinions pretending to be fact), whether or not the context of their facts match with the primary sources intent, and whether or not they use other parts of the larger media narratives and devices to tell their story (i.e. are their corroborations primary sources, or are they basically using themselves to fact check themselves). I will address questions of the validity of certain “fact checking” arguments in later sections, with specific examples on a few very important topics. + +# + +# 4.1.4 The Reute To The truth + +The UN report shown above suggests that Reuters was the start of this "single voice" in media (or at least in "world news"). It is also currently the main “Trust” (Reuters Trust) that manages it (and I assert always has been). Where did Reuters come from? + +According to [historical record](https://www.investopedia.com/updates/history-rothschild-family/), in the late 18th century five Rothschild brothers were sent out by their father, Mayer Amschel Rothschild to establish a paneuropa banking empire, by creating family banks in five cities; London England, Paris France, Frankfurt Prussia (Germany), Vienna Austria, and Naples Italy. Since this story on the Rothschild banking empire is generally accepted as true (GAT) and neither I, nor anyone else is disputing it, I will not be looking too hard for a primary reference source (although I will be showing you one in about three seconds). + +In 2011 [Sir Evelyn de Rothschild](https://tinyurl.com/2h7jyjr3) gave a talk at Peking University at which he was speaking about his families banking empire in the 19th century (@7:20 in that video link): + +# + +>We covered Europe. We covered the European Union that we have today. From that grew a business which was successfully built upon an understanding between the five brothers. The five brothers used to talk to each other through writing. That was one side. They were also the first client of a man called Mr. Reuter. Mr. Reuter made his name by flying pigeons around the world, and if you couldn’t send messages, you used a pigeon. **And that’s why we were the first client of the great house of Reuter. Which as you know became the most important messaging company in the world today. And from that it grew, over a period of time**. + +His speech continues and says some interesting things that I will get back to in Part 3. For now I want to focus on the founding of Reuters. + +Evelyn de Rothschild is here proclaiming that the five brothers were the first clients of Reuter, which is to say, they gave him his first business, and his first dollar (pound sterling, whatever). The Rothschild’s fully understood the value of information. In fact their entire empire was built upon it. Nathaniel Mayer Rothschild used both information and disinformation to effectively **buy England** after his family funded both sides of the Napoleonic war and he performed the greatest short sale of all time. This was a very important event from which an avalanche of fuckery began. I will provide all the sources and evidence for this in Part 3. These aren't really controversial statements though. All but the "owned England" part [are GAT](https://www.businessinsider.com/the-rothschild-gang-shadow-conspiracy-or-rumor-2011-6) ([part 2 here](https://tinyurl.com/ycxyd474)). The GAT sources suggest they "saved the Bank of England from collapse with their own money." For now I'll call that tomato/tomahto. As we'll see later, the details are important. + +There is evidence that shows a pattern of behavior by the Rothschilds in the 19th and 20th centuries of providing seed money for some entrepreneur, and effectively owning (controlling) their company (or in some cases entire countries) through sometimes stock or bond ownership, and in some cases through leverage. Note here that I'm making statements without any evidence whatsoever. Please keep that in mind. I try not to do that too often, but in cases that I do, it is merely to connect the dots. The evidence and sources will be shown in later sections. I can't show all of the evidence at the same time, and some things require substantial corroboration to be appreciated. I am introducing the Rothschilds here only because they come up in trying to understand the beginnings of our modern media. The details of all of these things are important, and the original sources are important to see. I will elaborate quite a bit further on all of these topics later. + +Given my assertion of the Rothschilds above (which I promise to get back to in a big way), is it too much of a stretch to think that perhaps such a thing happened with Reuters? Perhaps it was further funded, and indeed even founded by Rothschild, with Reuter as CEO, but also merely a frontman when it comes to actual ownership AKA top level decision making. At this point that is speculative, but I will provide substantial evidence (most of this report) that this behavior is common. Indeed, this report will make the case that this "frontman" relationship is almost ubiquitous, at least for the larger corporations, i.e. the “owner” is not exactly the person who it appears to be. While I certainly have not made the case for such a situation at Reuters, at the very least, in the beginning, the Rothschilds almost certainly had substantial influence. The only other "concrete" (set in stone?) connection I have found (as of the time of this writing) between Reuters and the Rothschilds is this: + +# + +https://preview.redd.it/6lc0t7b9r5f91.png?width=768&format=png&auto=webp&s=c2c7dba8a48b3877d74384e7e0f67c6eff44ed7a + +>The supply of information to the world’s traders in securities, commodities and currencies was then, as is now the mainspring of Reuters activities & the guarantee of the founder’s aims of accuracy, rapidity and reliability. News services based on those principles now go to news papers, radio & television networks & governments throughout the world. Reuters has faithfully continued the work begun here to attest this & to honour Palullius Reuter. **The memorial was set here by Reuters to Mark the 125th anniversary of Reuters foundation & inaugurated by Edmond L’de Rothschild td 13-10-76** + +By Sir Evelyn de Rothschild’s own admission, Reuters began life as the information lifespring for the Rothschild’s Banking Empire. This 125th Reuters anniversary plaque at the Royal Exchange London was inaugurated by a member of the Rothschild Dynasty suggesting there is still a substantial connection. + +It would seem that I am grouping all members of the Rothschild’s together as if they were a single entity. I will explain why this is, to an extent, appropriate, even necessary (legally speaking) in a later section. + +I will return to the media at several points as the report progresses. There is a great deal more to be looked at here, but the evidence that supports the topics must be presented first, to set up the context for the evidence of the media itself. + +**End Sec. 4.** + +[Section five continues here](https://www.welcometothemachine.co/index.html#_5) if you would like to read ahead. +[**GameStop Wallet Support**](https://support.blockchain.gamestop.com/hc/en-us/sections/4412111751955-Getting-Started) + +# 🟣 [Computershare Megathread](https://redd.it/vp01of) + +>Wondering what DRS is? Want to know how and why people are Direct Registering their shares? Here you'll find our guide and additional resources, as well as a welcoming community answering questions in the comments! + +# 🏴‍☠️ [NFT Marketplace & Wallet Megathread](https://www.reddit.com/r/Superstonk/comments/vluysg/gamestop_nft_marketplace_wallet_megathread/) + +>Why is GameStop getting into NFTs? *WTF* even is an NFT? How do I set up a GameStop Wallet? How do I get a cool/custom wallet address? All these questions and more are answered here! + +# 🙋 ​[What's GME & should I consider investing?](https://www.reddit.com/r/Superstonk/comments/qig65g/welcome_rall_looking_to_catch_up_on_the_gme_saga/) + +# 📚 Library of Due Diligence [GME.fyi](https://fliphtml5.com/bookcase/kosyg) + +>A collection of over 200 of the most important, groundbreaking **D**ue **D**iligence. If your looking to familiarize yourself with the GME bull thesis or the underhanded tactics of the short sellers involved in this trade– then this is for you + +**Read** [**the Rules & Wiki**](https://www.reddit.com/r/Superstonk/wiki/index) **||** [**MOASS FAQ**](https://www.reddit.com/r/Superstonk/wiki/index/faq) **|| Join our** [**Discord**](https://discord.gg/Superstonk) + +Low karma? Want to feed DRSbot? [Post on r/GMEOrphans](https://www.reddit.com/r/GMEOrphans/comments/qlvour/welcome_to_gmeorphans_read_this_post/) + +How to [Filter by Flair & Search](https://www.reddit.com/r/Superstonk/comments/v0oxp2/how_to_filter_by_flair_search_for_posts_on/) on Superstonk + +Tag u/Superstonk-Flairy for help with user flairs, find [custom emoji options here](https://www.reddit.com/r/Superstonk/comments/v89p0h/new_superstonk_user_flair_emojis_how_to_edit_your/) +My mortgage lender was suggesting me to claim a property is owner occupied even if I’m actually an investor. She wasn’t outright suggesting fraud per say but was suggesting that if I planned on living in it for a bit I could have an owner occupied loan so my interest rate would be cheaper. Interest rate she quoted was 3.65% with a point and I have a 686 middle credit score. I have no other real estate. + +My question is, what are the implications of this? If I did claim it’s owner occupied but only rented it out, I’m guessing that’s straight up fraud right? + + +Another related question is with the new construction sales office. They said if we’re investors we have to buy in the $350K+ range only, whereas we want to buy in the $280K range. So I asked what happens if we claim we’re owner occupied to the builder but then started renting it out a short while later. He said that’s no problem. Even if I immediately started renting it out he was basically saying it shouldn’t be a problem. So again I asked him what if my financing says it’s an investor property would that still be ok and he it should be fine. + +My question for that is, is there anyway I could get screwed over if I tell the builder it’s owner occupied when in reality I want to rent it out? This is assuming my loan also says investor property. +So this is a follow-up to my [previous post about cointegration in crypto markets](https://www.reddit.com/r/algotrading/comments/voidav/statistical_arbitrage_in_cryptocurrencies/). After listening to all the advice i received and making some further research, i gave a try at creating my own python code to find cointegration between two crypto markets. + +**Why am i making this thread? I'm not asking anyone to tell me how to create a profitable strategy, i'm just trying to understand if what i'm doing makes sense or it's just random garbage.** + +Before diving into the code, here are the steps involved: + +1. Choose two markets (I'm using FTX right now). +2. Get OHLC data for both the markets. +3. Calculate the spread between the close prices of the two markets. +4. Calculate beta, a weight between the two spreads using the statsmodels library. +5. Calculate the weighted spread between the two pairs: **spread = x\_close - b\*y\_close**. +6. The most important step, check for cointegration: run the Augmented Dickey-Fuller test on the spread. **If the p-value of the spread is lower than 0.05 it means the spread is stationary, so it may be a candidate for a pairs trade.** +7. Compute the z-score of the spread (optional). +8. When the spread is very low, i **LONG the spread, where LONG = LONG X USD OF FIRST MARKET AND SHORT BETA \* X USD OF SECOND MARKET.** Opposite when the the spread is very high. + +Here is my example code: + + import pandas as pd + import json + import numpy as np + import requests + import json + import mplfinance as mpf + import matplotlib.pyplot as plt + import matplotlib.dates as mdates + import statsmodels.tsa.stattools as ts + import scipy + import pandas_ta as ta + import ccxt + + ftx = ccxt.ftx() + + def compute_zscore(series): + return (series - series.mean()) / np.std(series) + + + def get_ohlc_ccxt(market, timeframe): + data = ftx.fetch_ohlcv(market, timeframe, limit=500) + ohlcv = pd.DataFrame(data, columns=['time', 'open', 'high', 'low', 'close', 'volume']) + ohlcv = ohlcv.drop_duplicates(subset=['time', 'open', 'high', 'low', 'close', 'volume'], keep='first') + ohlcv['time'] = ohlcv['time'].astype('int64') + ohlcv['time'] = ohlcv['time']/1000 + ohlcv['date'] = pd.to_datetime(ohlcv['time'], unit='s') + ohlcv = ohlcv.set_index(pd.DatetimeIndex(ohlcv['date'])) + return ohlcv + + + def check_pair(first_market, second_market, timeframe): + first = get_ohlc_ccxt(first_market, timeframe) + second = get_ohlc_ccxt(second_market, timeframe) + + first['spread'] = first['close'] - second['close'] + second['spread'] = first['spread'] + + X = ts.add_constant(second['close']) + result = ts.OLS(first['close'], X).fit() + beta = result.params['close'] + + z = first['close'] - beta * second['close'] + z_pval = ts.adfuller(z)[1] + + print(timeframe, first_market, second_market, z_pval, beta) + + ratio_zscore = compute_zscore(z) + plt.plot(ratio_zscore) + + return ratio_zscore + + data = check_pair('ETH-PERP', 'BCH-PERP', '1d') + +Most of the actions appens in the `check_pair` function. In this case is 1.44, which means that if the p-value was lower than 0.05 and i wanted to run a pairs trading strategy on ETH/BCH i would LONG (for example) 10 USD worth of ETH and SHORT 10\*1.44 USD worth of BCH when the weighted spread is very low and do the opposite when the spread is very high. + +Ok, so does this make sense? Is this how i am supposed to create a synthetic pair and trade the spread between the two markets? I know that this is very basic, and i could probably add kalman filters and other things but is this how i'm supposed to check for cointegration? Again, i don't want anyone to tell me how to be profitable, just want to know if this isn't stupid, since i would like to give it a try with some lunch money. + +I'm sorry if anything i said is stupid, i'm just very new to some of these concepts. +I'm at the age where my friends are beginning to get married, and only starting to appreciate the fucking colossal cost of weddings. One of my closest friends tried to do in 'cheap', as in no fancy venue and meal etc, and it cost him close to ��10k. + +A couple colleagues in work are having more traditionally lavish weddings, and both are pushing £30k with plenty more still to organised. These are by no means extravagant weddings, they appear pretty typical to me. + +Are we going to reach a point where couples just cease to be married because of the ridiculous cost? Or will the traditional pressure of having a big day force people into personal financial peril that will take them years to recover from. +Apes, apes, apes, + +Are you seeing it? The new radical mentality that’s evolving around here. The kind and funny mentality is slowly being replaced by a new type of greedy complaining. + +“Price didn’t move enough for me, that’s it hedgies I’m raising my floor one million dollars!” + +“Let’s all switch brokers on the same day to mess with the system.” + +“I can’t wait for the market to crash.” Etc, etc. + +Those examples are pretty mild but it doesn’t take much looking to find proof that the atmosphere is changing. There are plenty of reasons why this may be. + +1. Shill tactics are becoming subtle. An effort to turn this into a movement instead of an investment seems like a new shill goal. If it is a shill tactic we should be weary that their million dollar lawyers have a plan. They may be losing the game but don’t for one second believe they won’t do anything they can to ruin this for us. + +It’s becoming clear that we have two goals around here and they make this sub complicated to balance. First we are investors in GME and we would like our investments to print. Second we want our markets to play by the rules, so we are becoming advocates for FREE and FAIR markets. We need to somehow deal with these two details in a way that does not jeopardize our sub. It is hard to do both in one place. + +2. As we grow we are picking up a lot of first time investors. It is amazing that younger and younger people are getting involved. Yet, as mentioned in a comment of mine, the youth has a tendency to fall into a tribal mentality. They are quick to call people “shills” when they read something that goes against their perception of the situation. I also believe these younger apes are our “missionaries.” They feel a part of something and want everyone to know what they know. + +To my younger brothers and sisters (likely brothers) remember when you speak in other subs you are representing us all, even if you don’t mean to. Us GME apes, and fair market patriots would fair better in the war if we remain kind, compassionate educators. The media loves to clip things out of context and trust me they are looking for ammo to paint us the fall guy. + +3. Our satire humor is dancing the line between funny and outright inappropriate. Memes about hoping the market crash and being upset that it doesn’t, commenting during an AMA that you hope our guest gets into a car accident, treating our investment as a hostage situation, and the like. Trust me when I say I love some satire or dark humor but, remember that we are being watched and whether we like it or not we are slowly becoming a group that could help end the dirty games that have been going on for nearly 100 years. + +“With great power comes great responsibility.” + +I fear the days of our youth are rapidly fading. Most of us grew up on wallstreetbets, we migrated twice and finally found a home, a name, and an education. The farther this fight goes the more it becomes clear that the warriors that came before us need our help if this is ever going to end. We don’t need to turn into tie wearing assholes, but we are being watched and some humility goes a long ways. + +———————————— + +In summary I believe we are evolving. What started as a money play has turned into something more. I personally am having trouble striking a balance between an investor and a patriot. What are apes now, are we GME supporters? Ape (all people equal) are we fair market advocates. Blurring these lines can be difficult to say the least. + + I challenge you to define what this sub is to you, and why are you are here. (No need to post, just give it a thought) + +It seems like we are being torn apart by those who purely want to see the investment be profitable and those that want to expose fraud in our markets. Personally I want both, but using GME as a tool instead of an investment could work against us if we are not careful. + +TLDR. Don’t be an asshole. Humility is always the play. Know the rules and fight fair. + +We had a good Monday. Keep your head up and don’t be discouraged if the battle draws on. Don’t forget that everyday is one day closer. I appreciate every single one of you and our time will come. BLASTOFF! + +EDIT: It was brought to my attention that my use of the words “mission statement.” is misleading, inappropriate, and not exactly how I intended it. Thank you u/THC-lab for pointing this out. To clarify I was hoping to get apes to think about what this sub is to help prevent disagreements or infighting. (Deleting) + +EDIT: It seems this was more controversial than I thought it would be. Some people do not share my opinions. I do believe if you check new postings, or get deep into comments, every word of it is true. Also, I am not calling for anything, only expressing some thoughts and trying to say something other than “the floor is 20 million.” In any case thank you all for reading and have a wonderful Tuesday. Looks good so far! +I am trying to buy out a Mercedes Benz lease (of which I have 8 months left on). I did a cash up front lease so I have no monthly payments and a paper that indicates the lease end price. The dealership says they need to inspect the car prior to me buying out the lease. Why is this the case if I am going to buy the car? Does this seem odd? +While the minimum wage sets an earnings threshold under which our society is unwilling to let families slip, it fails to approximate the basic expenses of families in 2021. Consequently, many working adults must seek public assistance and/or hold multiple jobs to afford to feed, clothe, house, and provide medical care for themselves and their families. + + +Establishing a living wage and an approximate income needed to meet a family’s basic needs would enable the working poor to achieve financial independence while maintaining housing and food security. When coupled with lowered expenses for childcare and housing, the living wage might also free up resources for savings, investment, and the purchase of capital assets (e.g., provisions for retirement or home purchases) that build wealth and ensure long-term financial stability and security. + +An analysis of the living wage (as calculated in December 2021 and reflecting a compensation being offered to an individual in 2022), compiling geographically specific expenditure data for food, childcare, health care, housing, transportation, and other necessities, finds that: The living wage in the United States is $24.16 per hour, or $100,498.60 per year in 2021, before taxes for a family of four (two working adults, two children), compared to $21.54, or $89,605.51 in 2020. + +The minimum wage does not provide a living wage for most American families. A typical family of four (two working adults, two children) needs to work more than two full-time minimum-wage jobs (a 98-hour work week per working adult) to earn a living wage. Single-parent families need to work almost twice as hard as families with two working adults to make a living wage. A single mother with two children earning the federal minimum wage of $7.25 per hour needs to work 235 hours per week, the equivalent of almost six full-time minimum-wage jobs, to make a living wage. + Across all family sizes, the living wage exceeds the poverty threshold, often used to identify needs. State minimum wages provide for only a portion of the living wage. For two adult, two children families, the minimum wage covers 59.8% of the living wage at best in Washington and 29.9% at worst in Wisconsin. This means that families earning between the poverty threshold ($26,500 for two working adults, two children on average in 2021) and the living wage ($100,989 on average for two working adults, two children per year before taxes) may fall short of the income and assistance they require to meet their basic needs. + +[Link to full report](https://livingwage.mit.edu/articles/99-a-calculation-of-the-living-wage) +I’m sure others have encountered this so I’m curious how you handled this high class problem. + +How did you deal with leaving one company that went on to extreme success where you had a pivotal role only to join a company that floundered? Basically leaving because you had “nothing to lose” (given your ‘fat’ status) and you wanted to take on a more fulfilling role, only to fail and realize staying in place would ha e resulted in extreme success (basically multiples of your fatfire level)? + +I know it’s a high class problem in terms of money (you either have a lot or whole heck of a lot) but it is difficult to deal with the lost opportunity from what was a bad decision in hindsight. And it is something I am dealing with right now, so I’d appreciate if you indulge me. Thank you +Alright, so with all the shitcoins circulating right now, I've been looking for anything that stands out. WindSwap ($WINDY) is that coin. It's only a few days old with a market cap of just shy of $3.5 million, and around 20 million tokens in current supply. + +So why is this token special/undervalued? It's because it's not a shitcoin. The Devs have outlined a very real usecase for the token - a decentralised smart bridging exchange is the goal that the devs are working towards. + +The Tokenomics of the coin are also really interesting and unique, the first of their kind. There is a tax on transactions, which increases from 2.5% to 6.5% as more transactions take place, within a cycle of 2.5 million tokens transacted known as a 'rotation'. At the end of a rotation, 75% of the coins taxed are burned, with 25% being redistributed to holders. This increasing tax **pressures the coin's value to move upwards through a cycle,** and of course rewards holders against sellers. + +The cycle system will repeat until there are only 8.8 million tokens remaining, at which point the tax levy will be reduced to 0%. These cycles are happening QUICKLY - we're already down to 20 million from around 25 million original tokens, so get in as soon as you can! + +Some simple calculations prove why this token is so undervalued. Taking the market cap of the PancakeSwap token (the most similar token in terms of use case out there), and dividing through by the final token supply gives a **price PER TOKEN of $430**! Right now we're at ~$0.2!. Even taking a far more conservative marketcap of $100 million, a number that I am positive we will see in the coming weeks, gives a price per token of over **$10 per $WINDY token**. + +Some other things that make this a no-brainer investment include: + +* A fantastic and active dev and marketing team, who are paying for marketing and exposure out of their own pocket +* Liquidity proven locked by devs +* Active telegram and community +* Beta exchange being developed +* Token already passed audit with flying colours +* CMC and Coingecko listings coming +* Dev team AMA later today + +I genuinely cannot explain how undervalued this coin is, hopefully this Due Diligence helps though! + +Poocoin charts: https://poocoin.app/tokens/0xd1587ee50e0333f0c4adcf261379a61b1486c5d2 + +PancakeSwap: https://exchange.pancakeswap.finance/#/swap?outputCurrency=0xd1587ee50e0333f0c4adcf261379a61b1486c5d2 + +BSCScan: https://bscscan.com/token/0xd1587ee50e0333f0c4adcf261379a61b1486c5d2 + +Telegram: https://t.me/windswapmembers +Alright, so with all the shitcoins circulating right now, I've been looking for anything that stands out. WindSwap ($WINDY) is that coin. It's only a few days old with a market cap of just shy of $3.5 million, and around 20 million tokens in current supply. + +So why is this token special/undervalued? It's because it's not a shitcoin. The Devs have outlined a very real usecase for the token - a decentralised smart bridging exchange is the goal that the devs are working towards. + +The Tokenomics of the coin are also really interesting and unique, the first of their kind. There is a tax on transactions, which increases from 2.5% to 6.5% as more transactions take place, within a cycle of 2.5 million tokens transacted known as a 'rotation'. At the end of a rotation, 75% of the coins taxed are burned, with 25% being redistributed to holders. This increasing tax **pressures the coin's value to move upwards through a cycle,** and of course rewards holders against sellers. + +The cycle system will repeat until there are only 8.8 million tokens remaining, at which point the tax levy will be reduced to 0%. These cycles are happening QUICKLY - we're already down to 20 million from around 25 million original tokens, so get in as soon as you can! + +Some simple calculations prove why this token is so undervalued. Taking the market cap of the PancakeSwap token (the most similar token in terms of use case out there), and dividing through by the final token supply gives a **price PER TOKEN of $430**! Right now we're at ~$0.2!. Even taking a far more conservative marketcap of $100 million, a number that I am positive we will see in the coming weeks, gives a price per token of over **$10 per $WINDY token**. + +Some other things that make this a no-brainer investment include: + +* A fantastic and active dev and marketing team, who are paying for marketing and exposure out of their own pocket +* Liquidity proven locked by devs +* Active telegram and community +* Beta exchange being developed +* Token already passed audit with flying colours +* CMC and Coingecko listings coming +* Dev team AMA later today + +I genuinely cannot explain how undervalued this coin is, hopefully this Due Diligence helps though! + +Poocoin charts: https://poocoin.app/tokens/0xd1587ee50e0333f0c4adcf261379a61b1486c5d2 + +PancakeSwap: https://exchange.pancakeswap.finance/#/swap?outputCurrency=0xd1587ee50e0333f0c4adcf261379a61b1486c5d2 + +BSCScan: https://bscscan.com/token/0xd1587ee50e0333f0c4adcf261379a61b1486c5d2 + +Telegram: https://t.me/windswapmembers +Basically I have 2 credit cards with about $1k each charged to them. Both have 22% APR. I know where I went wrong, I just need to know how to make it right. I have reached out to both about financial hardship programs and they both told me they didn’t have anything like that. I can pay about $100/mo on each right now, but isn’t that just basically paying the interest? What should I do? +Hear me out. + +Why elon musk should buy Sri Lanka? + +- It is in desperate need of $22-$25 billion right now. IMF and asian development bank and other neighboring countries are tired of giving Sri Lanka money. + + +- Sri Lanka is close to the indian ocean. Elon musk can put a Space X and Tesla factory there. Being close to ocean he can get chinese materials for his Tesla and also use srilankan labors to build his dream. + +- Safe for him to do more crazier space X experiment there because of less strict rules and regulations. + +- Being there he can hire smart scientist from India and China and Russia for cheaper price for his Tesla and Space X factories. + +- Buying Sri Lanka he can meet new ladies there and spread his seeds in all continents and be real life Iron Man. + +- He can start world domination from Sri Lanka and move to other countries soon! + +- people will work for him for rice, chicken, lentils and coconut and 1/8 of salary that he pays in USA 🇺🇸 + +- Neuralink phase 1 testing without FDA approval + +- Elon can finally fully test his solar energy company and show the world how he can sustain a whole country electricity need just with solar power + +- Also, with less strict emissions regulations in Sri Lanka, Elon can make a V8 version of the Model S! +We have survived 2020 with our wins and losses. With the year wrapping up I’m personally done trading until maybe 1-2weeks after the start of January. To all the experienced, new, and pandemic babies(people that started their journey during the pandemic). How do you think the market will be in 2021?! +For anyone who uses TradingView, every year they do a black friday sale and annual subscriptions get quite the discount: + + +[https://tradingview.com/blackfriday](https://geni.us/TVBlackFriday) + + +Anyone on an existing annual subscription can add the 13 months renewal to the end of their expiry if they want to take advantage of the black Friday pricing. + + +I just picked up a Pro+ renewal, and have been doing this for years now during the black Friday sale. (You never have to pay full price if you keep renewing an annual subscription on black Friday.) Totally worth it.. +***What are they?*** + +BB's are quite simple. The middle line is a simple moving average. The lines either side are the two standard deviations of the simple moving average. + +If data is distributed normally, then 95% of the data will fall between two standard deviations of the mean. + +Conclusion: if the price breaks outside the bands then something interesting is happening. + +***So what are these interesting things?*** + +* Volatility breakout +* Trending market +* Reversal + +***What does a volatility breakout look like?*** + +The black circles show two volatility breakouts. Original illustration from 'Bollinger on Bollinger Bands' book: + +https://image.ibb.co/cJWGCJ/6_07_2018_12_50_30_PM.png + +What characteristics do we see? + +* The squeeze + +This is the tightening of the bands. As the trading activity slows, the standard deviation drops and the bands become closer to the SMA middle line. Imagine the bands are made of rubber and are closing in, squeezing the market, energy building up ready to explode. + +* Close triggers + +In a volatility breakout, the trade gets taken when the price breaks one of the outer bands. If it breaks the top, trade long; the bottom, trade short. These trigger points are close to the current price because of the squeezing closeness of the BBs. + +How do we trade it? + +Enter on the break of the outer bands. Stop loss on the opposite band. Exit on the SMA middle line is the simple single indicator method. + +https://image.ibb.co/bN68sJ/6_07_2018_1_03_45_PM.png + +***What does a trending market look like?*** + +It is similar to the volatility breakout - but without the squeeze occuring. The price is breaking the outer bands in the direction of the trend movement, with the centre SMA line indicating via its slope that a trend has formed. + +https://image.ibb.co/jd4TsJ/6_07_2018_1_07_13_PM.png & https://image.ibb.co/hMXL6d/6_07_2018_1_10_40_PM.png + +In this case, the SL should be the SMA middle line, rather than the opposite band. The exit is the same. + +https://image.ibb.co/iWOcmd/6_07_2018_1_10_40_PM.png + +***What does a reversal look like?*** + +Here the idea that a single indicator cannot tell the whole story is introduced. Using BB alongside an oscillator (in this case MACD) a trend reversal can be detected. + +https://image.ibb.co/b7Q9XJ/6_07_2018_1_20_21_PM.png + +The point of note is that MACD has max'ed out, while the price has not broken the upper band. This is a strong indicator a reversal may about to occur. + +This identification of a reversal might be a better exit strategy than those mentioned above for extracting the maximum profit from the market. + +It is also a good illustration that not all indicators and ideas need to be used for entries, formulating indicator exits are a vital part of trading. + +>I hope you found this piece useful. Please keep discussions on the topic of Bollinger Bands, but feel free to suggest other indicators which accompany them well. Any suggestions must be accompanied by reasons because we can't read your mind. + + +This was just posted in their slack : + +Philip Saunders 2:16 PM, Apr 5th +@channel I regret to announce as cofounder of Matchpool that I am leaving this project. I was involved in architecting Matchpool, writing the white paper and writing the first draft of the smart contracts. I was not involved in the implementation of the ICO. I have asked internally what is going on with the funds you sent to Matchpool, but have not received a satisfactory answer. + +Over the last two days 37500 ETH has been withdrawn from the multisig wallet by the CEO, Yonatan Ben Shimon without any explanation or announcement due to the need for "hedging". Yonatan keeps claiming he's working with Bitcoin Suisse and it's all okay, but so far I haven't seen any evidence of this. I suggest you all demand an explanation and keep a close watch. In all likelihood your guppies are worthless- the terms and conditions seem deliberately designed to prevent contributors having legal recourse in the case of misuse of your money. In either event, I believe the standards of transparency and integrity in this organization are well below what is needed for a blockchain project, which is why I can no longer a part of it. + +https://etherchain.org/account/0x72a7197bbccbe6ee1e9c688645436ed06017768a +I just got a new job, I make approximately 65,000 a year. I have approximately 110K in student debt. My current bank is PNC, and besides ~4K in savings, and the 6% I put into 401K per month, that's all I really have going for me. How can I make my money work for me? + +Edit: Just wanted to thank everyone for their input. I hope this post helps others. I kind of had the same ideas in mind, I'll start looking at credit unions and try to nuke the loans. The main reason for this post is my mother is constantly asking me to make a property purchase when there's no chance of me even securing a loan for that... I feel a lot better knowing that I'm mostly doing what I can by already overpaying my minimum loan payments. +I’ve been thinking about how GameStop is adding all sorts of new merchandise in various categories. I am a 3D printing and Arduino nerd so it occurred to me. What if GameStop started selling things for the “makers” in us. A lot of 3D printing is used for tabletop gaming or making little nerdy trinkets anyways. And Arduino/RPi is just legos for computer nerds in my opinion. There are very few retailers in the US that sell these. Most people I know (myself included) buy all this from the big ass river company, because that’s pretty much the only place that sells them outside of small niche stores. What do you guys think? + +Edit: *Raspberry Pi (sorry, I’m hungry) +I am 20 years old and I have been day trading since I turned 18. Turned $240 to $50k in about 4 months during the pandemic. Lost everything due to literally 0 risk management. 2021 was an overall negative year for me losing all my gains from 2020. I have been working on my strategy since the beginning of this year attempting to perfect it. Once I felt I came close to doing so (last month), I put it into place with live trading. For the past 4 weeks I have been profiting an average of 15.07% which is insanely good returns per week. My problem is I’m doing this on an account of $3k. That is roughly $450 per week. At the end of each week I emptied my account back to $3k. Rinse and repeat. However this isn’t enough for me to live and save off. The reason I’m making this post is to get some solid advice on what to do. I make around 1 trade a day, Monday through Thursday. I try and cap out at $500 MAX per trade. Is it too risky to up this to around $700? Do I not have enough implementation of this strategy to up my trade size hoping to improve my weekly profits? Any help is really appreciated. Thank you guys. (FYI I made 1 trade during this month that was not profitable. I lost around -35% from the trade. ) +I have a taxable brokerage and ROTH IRA with Fidelity. A Fidelity advisor I met with recently suggested a two things that I am hoping to get some thoughts on. + +1) He said in a taxable account, generally an indexed ETF is more tax efficient than an equivalent indexed mutual fund. His explanation was that generally the ETF has less distributions than the equivalent mutual fund as as a result you pay less taxes on the ETF's distributions compared to the equivalent mutual fund and reap greater compounded returns over time. + +2) When it comes to the ROTH IRA, taxable distributions are no longer a concern (I agree) so he suggested a handful of Fidelity 0% expense ratio mutual funds. The reason being was that the 0% expense ratio is more beneficial compared to the ETF with a marginal expense ratio. + +I know everyone has their favorite stocks, ETFs, and mutual funds so I am hoping you can weigh in on the merit of 1 and 2 before reading on the rest. Point #1 seems legit enough and I have found some research online to substantiate it. Point #2 is a little more suspect to me as I can understand 0% ER is better than something greater than 0% but I am not sure if he is just trying to peddle Fidelity funds that might not track an index exactly and might not perform as well. + +With all that said, he suggested a handful of iShare ETFs for the brokerage: IVV (S&P 500) , IJR (Small Cap) , IJH (Mid Cap) , and IVW (S&P 500 Growth) (some simple research showed that these have lower expense ratios than SPY, QQQ, and some of the vanguard equivalents but just with less volume which I guess I am okay with except I was hoping to write some covered called on them from time to time) + +He suggested 3 each 0% Expense Ratio Mutual funds for the ROTH IRA: FNILX (Large Cap Index) FZILX (International), FZIPX (Extended Mid to Small Cap Market) + +Thanks for any thoughts or feedback! + + +Edit and Update: + +Thanks everyone for the overwhelming responses! Summarizing the responses for those just getting to this: It sounds like for the most part the majority seem to agree that the advice in points 1 and 2 is sound. Additionally there may be "transaction fees" associated with the 0% ER Mutual funds but there is not enough clarity on what those are with respect to other Mutual Funds and I should look at other factors like performance of the funds to make the best decision on if the 0% ER mutual funds are good for me. Finally, the advisor is likley a fiduciary meaning he should be advising in my best interest and that does not mean he can't recommend Fidelity funds and partner funds (iShares are Blackrock product with an agreement with Fidelity) if he still feels they are best for me. +Everyone has seen the two latest tweets by RC by now: the Wikipedia and Movie Tweet. Let‘s analyze what these two terms stand for, abstractly: + +**Wikipedia**: good information by the global internet hive-mind for free + +**Movie**: a narrative/story told by a single person (the movie director), who has full control over what information to include/exclude, full control over the sentiment they want to convey,… + +I myself am a film director and producer and have published a documentary movie in my europoor country to cinema, so I‘m somewhat qualified to speak about this topic. Countless times I‘ve removed certain clips and parts if they were „inconvenient“ to my story. Now, I‘m not saying „dont watch the movie“, quite on the contrary: go watch it. However, view it for entertainment purpose only, not for scientific facts. + +Anyway, do you see what I‘m getting at? If you read and combine both tweets (which we can because they both were posted within 24h) then we get RC telling us the following: + +**“Why waste money on a movie that tells not-the-whole-story, when you can you can learn the peer-reviewed full truth for free on the internet… on SuperStonk!“** + +As always: hedgy r fuky. +Hi all. + +&#x200B; + +This is an update to my post from a year ago, [Journey to FI from an African perspective (27Yr Male)](https://www.reddit.com/r/financialindependence/comments/99nif7/journey_to_fi_from_an_african_perspective_27yr/). + +&#x200B; + +I'm 28 now, still living in Lusaka, Zambia... Still male. + +&#x200B; + +Id like to use this thread as an opportunity to recap on my original plans and summarize on what went well, what didn't, lessons learnt and plans going forward. + +&#x200B; + +**Quick overview:** + +* My goal is to have the option of retiring by 2026 (age 35) +* To live comfortably as a single man I'd need about 5,000 ZMW / $381 per month (1,810,000 ZMW / $138,000 NW) +* To live comfortably as a married man I'd need about 10,400 ZMW / $800 per month (3,800,000 ZMW / $288,000 NW) +* To live comfortably as a married man with kids I'd need about 20,960 ZMW / $1,600 a month (7,545,600 ZMW / $576,000 NW) +* Current take home salary is 32,000 ZMW ($2,500) +* Entitled to tax fee 25% gratuity at end of contract annually (114,000 ZMW / $8, 702) +* For convenience, divide the Kwacha (ZMW) amount by 10 (Though the exchange rate is currently 13.1 to the dollar >\_>) +* My net worth this time last year was 368,000 ZMW or $98,000 in 2016 PPP. This estimate was based on all my assets (land, T-Bills & Savings) at the time +* My current net worth roughly sits at 804,000 ZMW with 304,000 ZMW being in cash and 500,000 ZMW being the (totally not professionally assessed) value of my currently under construction property and the land it sits on. +* Mortgages are not a thing here as they are far too expensive. The norm is to buy property outright or build incrementally. +* Most of my cash will be burned through to complete my 327 sq m (3,519 sq ft) house between October-December 2020. The property is currently at "roof level" +* I also purchased a 600 sq m (6,458 sq ft) piece of land for a total of 156,000ZMW paid over a period of 12 months. +* I have the intention of completing a second 226 sq m (2,433 sq ft) property in this plot by December 2021. +* My second house will be based on this lovely design, should be considerably cheaper than my first project: [https://betterbuilthomes.com.au/our-homes/single-storey/allira-24/](https://betterbuilthomes.com.au/our-homes/single-storey/allira-24/) +* Still live with le parents, still save 66%+ of my salary + +&#x200B; + +**Recap: T-Bill investments** + +* My original plan was to primarily invest in my countries high yield/risk Treasury Bills on an annual basis. Repeating this pattern YOY (till 2026) & increasing the principle at least 150,000ZMW each time. +* As of last year a 364 day T-Bill had a yield of 18.5% with 20% withholding tax on gains +* As of September 2019 a 364 day T-Bill has a yield of 27.5% with a 20% withholding tax on gains. +* Sounds great till you realize the local currency has slipped over 39% against the dollar in just one year. (9.5 to 13.2 against the dollar) +* I invested 120,000 ZMW ($12,631) in Aug 2018 and received 138,603 ZMW ($10,500) post tax in 2019 :( +* A dollar account, with zero interest, would be worth at least $162,940 today (facepalm). +* Even under these ridiculous conditions, it was still more beneficial to invest in T-Bills than keep the amount in say a (low interest) savings account, as the dollar equivalent would be as little as $9,470. + +**Takeways:** + +* My local currency is FAR too volatile and cannot be used to hold value for at least the next 5 years. Shame too as the early 2000s were the "boom" years, the Kwacha was 3.5 ZMW against the dollar at its peak. Around 2014 the exchange rate was around 6 ZMW to a dollar. The currency has taken a battering thanks to the current regimes excessive debt and general corruption/wastefulness/shortsightedness. +* Elections in 2021. Euro-bond payments due in 2022. Poor rainfall / climate change wreaking havoc with hydro-power. Good times ahead XD +* In the interim I will invest in hard assets (property), maintain value in a USD account and eventually invest in US stocks/ETFs. +* I will only be able to invest in US stocks/ETFs after I have completed my second home in 2020. + +&#x200B; + +**Recap: Property investments** + +* While the currency has slid against the dollar, the price of building materials has gotten cheaper. +* I'm completing my first house this year. (installing a concrete tile roof, wiring, plumbing, aluminum windows, other finishing + tiles etc) +* The average 3 bed-roomed house in good parts of the city sell for anywhere between 1,200,000 to 2,000,000 ZMW. Rent is anywhere from 6,000 ZMW to 8,500 ZMW per month. +* My house is quite large with a total of 4 bedrooms (3 of which are self contained) and a ridiculous living-room/kitchen. +* When complete, and assessed by a professional, the property should be worth well over 1,300,000 ZMW / $99,200. +* I (currently) have no intention of flipping. I'm primarily interested in using the property as collateral to access cheap loans to fund other investments (12% annual interest at a cooperative, much lower than any commercial banks offerings). +* I have yet to decide if I will live in this house or rent it out (single). Renting makes the most sense though as its far too large for one person (pics below). +* As mentioned above, I've also purchased a second piece of land for 150,000 ZMW / $11,450. To be paid over 12 months at which point Ill have enough savings to build up the property to at least roof level. + +**Takeaways:** + +* Real estate is a safe heaven and a good way of both maintaining and gaining value over time. +* This wont change anytime soon as Lusaka is one of the fastest growing cities in Africa. +* Last I checked we have a housing shortage of at least 2 million units. +* The value of the house will be used to acquire cheap loans from my cooperative. This money will be used to invest in either more property or other opportunities. +* I hope to purchase/construct at least 1 new house every 2 years from now till around 2026. +* As I get older and earn more money, I should be able to accelerate this process. +* It would be great to have >= 10 properties in total by the time I'm 40 + +&#x200B; + +**Recap: Other advice, remote work, emigration** + +* Since I'm a Software Engineer, I was advised by several members on this forum to consider either (a) doing remote work or (b) emigrating +* Shortly after seeing these comments I signed up to Upwork and got a job on my first bid!! Shortly after that I got a 3 month contract with a US based firm. +* This was a great experience, I learned a lot and earned a good amount of money despite putting <10 hours a week on average. +* However, my day job is extremely demanding and by December 2018 I was completely burnt out. +* Parted ways with the US firm and have never used Upwork since. I simply don't have the bandwidth to work two jobs right now +* I have recently interviewed with a local organization which would offer tax free salary of $55,000 a year (fingers crossed) +* As for emigration, I have interviewed with companies based in: The US, Sweden, South Africa, Germany, Singapore and Dubai. +* All of these interviews are the result of recruiters approaching me on LinkedIn (working on a cool project with my current employer, must definitely help) +* Ive gotten much better at the interviews and exercises, and do feel I should be able to get an offer in the near future. +* For certain roles, I got as far as interviewing with the CTO >\_> +* That said I still base my budget and plans on the assumption that Ill still be based in Zambia for the next few years. + +**Takeaways:** + +* Keep applying myself and doing exceptional work with current employer. +* Keep refining my skills in my niche (React/SpringBoot/Kotlin/PostgreSQL). +* Be ready for any opportunities which may arise. + +&#x200B; + +**TLDR:** + +* Local currency has gone to hell, local T-Bills cancelled until further notice +* Still doubled my net worth despite dismal economic performance (probably tripled after professional assessment (which will be dollar based)) +* Completing first property this year +* Planning on completing second property by 2020 +* Want to average at least 1 new property every 2 years till 2026 +* Hard assets, dollar accounts and dollar investments are-in + +&#x200B; + +**PS:** + +An album of construction work so far: + +[https://imgur.com/gallery/TlKc3eg](https://imgur.com/gallery/TlKc3eg) + +&#x200B; + +4K drone footage of the city (this was requested last time): + +[https://www.youtube.com/watch?v=UgGk6Gnhkiw](https://www.youtube.com/watch?v=UgGk6Gnhkiw) + +[https://www.youtube.com/watch?v=ooCSRTidFbc](https://www.youtube.com/watch?v=ooCSRTidFbc) + +&#x200B; + +Link to the Central Banks page (T-Bills) on the bottom right: + +[https://www.boz.zm/](https://www.boz.zm/) +[https://mpcapital.ai/news/FB/uber-visa-paypal-and-mastercard-among-big-investors-in-facebooks-blockchain-2019-06-14](https://mpcapital.ai/news/FB/uber-visa-paypal-and-mastercard-among-big-investors-in-facebooks-blockchain-2019-06-14) + +&#x200B; + +>Facebook is expected to announce more details of it’s blockchain project, dubbed Libra, next week, and some big names, including Uber, Visa, MasterCard, and PayPal, are betting big on the social network’s move into digital payment. Each company will be investing $10 million into the project. Yahoo Finance’s Alexis Christoforous, Brian Sozzi, and Dan Howley break down what this means for digital payments, and Cameron Chell, chair and co-founder of ICOx Innovations, joins Sozzi and Christoforous to discuss Facebook’s stablecoin. + +&#x200B; + +I recommend start watching at 3:20. + +&#x200B; + +I think this is a very smart move for FB. A stablecoin could be used for purchases on Facebook. Although I think its true value is sending money between friends. Imagine having a "send money" option on WhatsApp, Instagram and/or Messanger. For me, having a simple solution for something like dividing costs after organising a dinner would be amazing. I know there are apps for this, but it's unlikely everyone is going to have that app, having the option on FB or WhatsApp could be a real game changer. +I'm definitively long on FB. It's currently a 3.7% of my entire portfolio. +I have some family in town, and we are all in our mid 30’s. We remember 2008, but we don’t really remember how the crash affected us, and if it really did. + +As middle class Americans, with pretty stable jobs, and who bought their houses before the peak of the bubble. (I’d say we bought it slightly inflated, but with 2.75% interest rates) how will the stock market crash and following economical crash impact us? + +Our 401k’s drop in half? Milk goes up another $1? We all lose our jobs and burn money for heat? +This is one of my biggest struggles I have and it’s a complete psychological war for me. Too often I find myself saying “I’ll wait a little longer it’ll recover some so my loss won’t be as bad”. We all know how the rest of the story usually goes from there. Any tips on how you deal with this and ways to not give in to this mentality. +I posted a meme, not original by any means, but it's basically the harder you work the more wealth your employer gets while you stay the same. Its an over done joke. But the amount of replies I get that said "well syart your own business." Is kinda disturbing because they are missing the point that a lot of workers in all areas of employment feel which is productivity is at an all time high yet wages and time to yourself is low. Even nurses who have a great benefit of 3 or 4 days off say " the first day off is purely to stay in bed and recharge." Like I don't think that's something we should ever accept of life, that you would need to recharge from a job. So the option is either that or be your own boss which itself comes with it's own stresses. +Shib was my intro into the wonderful world of crypto I bought shib at its previous all time high back in May. +I continued to DCA for months...... + +Then I started reading this sub, and all the meme coin hate, don't get me wrong I completely agree with it all, I can't understand how a joke coin can be worth however many billion it is up to now. + +So I took the sentiment of the sub sold my shib at at a loss and started buying coins with real tech and use case behind it. Like ADA and Ergo my two biggest bags. +I pretty sure in the long run I'll be ok but if only I had held a little bit longer I would have almost 200k worth of shib. + +Now watching everything tank while shib goes parabolic is kinda making me think I'm doomed to fail. + +Anyway I'm gonna go cry now untill ADA moves + +Edit: now you all want me to sell my ADA you guys suck +How would you handle your rentals if a quarantine occurred in your area and the tenants couldn’t work? I can’t believe that I have to even consider this but this exact situation is happening all over the world and it’s just a matter of time before it occurs in the US (I’m guessing Washington first if the nursing home cases are positive). + I want to learn as much as possible. We are looking to take a HELOC out on our current property and then potentially Airbnb or rent it out. Only issue is that we live in an area where you can rarely buy a decent property under 600k. Not sure if we can take the risk….WWYD? We do not have a ton of disposable income. +Will qualify in 1.5 years for 8 weeks LSL. However, I received an annual raise which I dont feel is commensurate with my performance this year, and am just sick and tired of my employer always falling short of my expectations. + +In light of this employment market and staff shortages everywhere, I think the time is ripe to be looking for a better role and employer. + +However, I also feel a tad silly for leaving quite close to qualifying. Should I wait another 1.5 years to leave or the ‘ripe’ employment market might not last til then? So better to jump now and just build in the 8 weeks LSL forfeited into the pay expectations of my next role. Decisions decisions. + +How do people jump roles every two years?! Im so lazy when it comes to this lol + +Industry = corporate accounting, Sydney. +Guten Morgen to all of you Great Apes around the world! 👋🦍 + +I am filling in for our good friend u/Parsnip today and tomorrow! Fuckery abounds, but we know how this story ends. My hands are diamond, and I know yours are too friend. :) + +Today is Thursday, August 5th, and of course you know what that means! Join other apes around the world to watch low-frequency updates from a single German exchange! + +🚀 Buckle Up! 🚀 + +US Premarket is [open!](https://finance.yahoo.com/quote/GME?p=GME&.tsrc=fin-srch) 🚀 + +* 🟥120 minutes in: $147.10 / 124,30 € +* ⬜️115 minutes in: $147.16 / 124,35 € +* ⬜️110 minutes in: $147.16 / 124,35 € +* 🟥105 minutes in: $147.16 / 124,35 € +* 🟥100 minutes in: $148.01 / 125,07 € +* 🟩95 minutes in: $148.05 / 125,10 € +* 🟩90 minutes in: $147.99 / 125,05 € +* 🟥85 minutes in: $145.92 / 123,30 € +* 🟥82 minutes in (sorry!): $146.00 / 123,37 € +* 🟥75 minutes in: $146.30 / 123,62 € +* 🟥70 minutes in: $146.86 / 124,10 € +* 🟩65 minutes in: $148.19 / 125,22 € +* 🟥60 minutes in: $144.73 / 122,30 € +* 🟥55 minutes in: $145.21 / 122,70 € +* ⬜️50 minutes in: $145.86 / 123,25 € +* 🟩45 minutes in: $145.86 / 123,25 € +* 🟥40 minutes in: $145.80 / 123,20 € +* 🟥35 minutes in: $145.86 / 123,25 € +* 🟩30 minutes in: $145.98 / 123,35 € +* 🟥25 minutes in: $145.88 / 123,27 € +* 🟥20 minutes in: $146.92 / 124,15 € +* 🟥15 minutes in: $147.16 / 124,35 € +* 🟥10 minutes in: $147.22 / 124,40 € +* 🟩 5 minutes in: $147.69 / 124,80 € +* 🟩 0 minutes in: $147.66 / 124,77 € +* 🟥 US close price: $146.80 / 124,05 € *($146.00 / 123,37 € after-hours)* + +FAQ: I am not as fancy as our friend u/Parsnip; I am just checking the price on [Lang & Schwarz](https://www.ls-tc.de/de/aktie/gamestop-aktie) and converting to USD in Google. Today's euro -> USD conversion ratio is 1.1830. 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. We all love seeing the energy that people represent their varied homelands. Show your flags, share some culture, and unite around GME! +Hi, I have no idea why I'm turning to this subreddit or if this is outta place here... I'm sorry and if so I'll appreciate anyone pointing me in the right direction. + +&#x200B; + +My \[30/M\] little brother \[22/M\] was killed in a senseless shooting a couple days ago. I'm the oldest sibling, single-mother household, I just arrived home last night, as I was outta town. Police are still investigating, murderer has been caught but I digress... don't really care about that right now. + +&#x200B; + +I'd like to know what to expect... my brother is at the coroner's as far as I know, I need to make a few calls today: to the detective/police, my brother's employer, and probably consulate as he was not yet a US citizen but was in the middle of the process. My brother has just gotten outta of car accident that left him like 10k of money, and he worked hard so he had a bit of savings, 401k, etc, etc... do I need a estate lawyer to deal with all this? He was just 22 and single so major assets, but I don't even know where to start. + +&#x200B; + +As far as funeral stuff, I think his employer had a Death and dismemberment (or life ins.) policy (or something like it) but I am not sure how to go about that. I know funerals are expensive and from reading a thread a long time ago on reddit that the "mom & pop" funeral homes are just owned by big greedy corporations that prey on loved one's at their worst times. + +&#x200B; + +Another issue I'm not sure where to start is that my brother was not yet a US citizen he'd been here since he was like 5, but put off doing the naturalization "because it was too expensive" ... he was actually in middle of that process right now, he was waiting on a naturalization interview. My family might want to repatriate his body to our home country, and I'm going to call the consulate to find out more about that process, but any advice about that is appreciated. + +&#x200B; + +Anyhow, thanks in advance. +On a throwaway for obvious reasons. + +I sold half my bitcoinstack last januari, to buy some 15$ ether. I've been holding 'em since then so needless to say it's grown quite a bit. + +My situation is as follows: I have about 3-4 years of net income sitting all in Ether. I have quit my job to focus on blockchain tech full time. It's not exactly my field, but with some experience and a little training I hope to be employable within a year or maybe two. I can definately give workshops, training, webinars, whatever based on what I know already (been into bitcoin since early 2013). My endgoal is to combine expertise with building projects, vlogging, articles, whatever comes my way and whatever I enjoy doing. Maybe I'll start my own busines, maybe I'll join a fun startup, maybe I'll join one of these big corporations currently starting up in the scene. (I have a uni degree, and 10 years of experience as a systems engineer and senior project manager) + +Awesome right? I think so, anyway! + +So this is my problem: while I am long term very bullish on Ether, I can't risk holding my entire livelihood invested in the coin. I mean, it can still go in any direction at any time. If it plummets 75% (it happened in bitcoin, it could still happen in ethereum) I am pretty shit out of luck, or at least in a very tight spot. Long story short: I want to spread my risks. + +Easiest way would be just to cash out completely, but that's too drastic I think. I am thinking of converting a few months (3, 5, 7 or 9) into fiat, so if the worst happens, I at least have some time to try something new or apply for my old job. This is worst case scenario I am talking about here (I mean, they say they'll take me back right away, but probably not after several years being out). + +The thing is, 3 months are fine to have cash in hand, but 9 months is a pretty sizeably portion, that I would otherwise not have taken out. + +Is there an optimal strategy, like dollar cost averaging, but reversed, to exit? Maybe take out 7 months, and then slowly re-invest as risks grow smaller? (As I progress I am reducing my risks of not succeeding) Just want to look at my options here. + +If it matters: crypto is seen as savings in my country - you pay between 1% and 2% on your total holdings yearly, independant of trading. So no capital gains like in the states. In fact, I can subtract my student debt so that takes a big chunk out of my net worth. Interest on that debt is less than 1% yearly so that's no biggie either. + +**tl;dr**: Will be living of my ether stash for the next 3-4 years ubtil I generate income. How do I mitigate risks or: what's my exit strategy? + +**edit: dammit I can't post reactions to the comments until I have 20 karma in this sub. If I never reach that, thanks in advance for all your input! I will react to them asap.** + +**edit 2: not sure what happened, I definately have enough karma, I upvoted and answered each comment, I checked on my alt account if it worked and all was fine. Now, for some reason, all but two of my comments are removed. If you are interested you can check my profile, they do seem to be readable there, at least on Relay for Reddit. Will try to contact mods about this. For what its worth, thanks for all the very valuable input!** + +**edit 3: I am an idiot, I need comment karma, not post karma... I only have 3 comment karma, if someone wants to help me out, there's a comment below you can help me out with...** +Coinbase just announced a new "vault" feature for storing ether. https://blog.coinbase.com/announcing-ethereum-litecoin-vaults-b10c3250cbe6 This represents an improvement over having to store all of your ether in a hot wallet on Coinbase. And, it comes with a very nice 48-hour delay during which time you can cancel the transaction. This prevents a hacker from quickly looting your account. Unsurprisingly, Coinbase's announcement notes that this is one of the most requested new features. + +I'm writing because many newcomers to this space may not understand the problem with the new Coinbase Vaults. My goal is not to demonize Coinbase -- it's been the adult in the room while there have been many immature actors in the cryptocurrency space. Instead, I'm hoping that you will join me in urging Coinbase to bring the "old Vault" to ether storage. + +So, what's the problem? Let's start by reminding everyone what the old Vault function was. (1) It allowed you to generate a vault with your own password. That was the first key. (2) Coinbase then gave you a print-out of a second key that you could store. (3) Coinbase then kept the third key. (4) You needed 2 of 3 keys to unlock your old Vault. Because Coinbase kept only 1 key, it could never steal your funds! And, because you had 2 of the 3 keys, you could always recover your funds _even if Coinbase disappeared!_ This was an amazing and reassuring tool. It showed tremendous respect for the customer and made it easy to use with Coinbase. Moreover, you could create multiple old Vaults for different purposes. + +The "new Vault" from Coinbase does not involve a password. It consists simply of "approvals" through clicked email links. You can choose whether all of those email addresses belong to you, or you and trusted friends/relatives. But it's all administered by Coinbase. You don't control the keys. If Coinbase disappears, your new Vault disappears too. This is a fundamental change from the old vault and defeats the very purpose of the old Vault. Essentially, you can consider the new Vault little more than a hot wallet on an exchange with a 48-hour delay. Oh, and by the way, it appears you can make only one new Vault for Ether. + +I got excited at the prospect of having an alternative to the Ledger Nano S that would allow funds to remain with Coinbase but without having to trust Coinbase. I'm still a true believer in Satoshi's vision of a trustless peer to peer system of value exchange. But now I'm disappointed. If you are too, give Coinbase some feedback. +Well this is the thread WSB wants to see here. Who sold covered calls and what’s your plan? I have some time (12/11) but I think I might just let my shares go. +Hello! Just wondering if I’m missing anything too obvious + +Basically, imagine that I want to own Google and I’m more than happy to pay the current market price + +It currently trades for $108, if I sell a deep ITM put 1 month out at say $130 for a premium of $25 + +Looking at 4 situations - the stock drops, the stock stays stable, the stock rises, the stock goes to the moon + +If the stock falls to $90, we buy the shares for 13k and keep our 2.5k premium, placing our cost to buy the 100 shares at $10.5k. This books us a paper loss of $1.5k since the shares are now worth $90. However, if we simply bought 103 shares of Google at $108, our loss 103x18=$1.85K, meaning in both situations were down, but selling the put to acquire had a lower paper loss + +If the stock trades pretty sideways, say it trades at $110, we would buy the shares for $13k, keep the $2.5k premium and have $11k of stock that our basis is $10.5k for, so a profit of $500. If we bought 103 shares, our profit would have been $206, so this is a decent bit more profitable + +If the stock goes up, say to $125, we pay $13k for the stock, keep the $2.5k premium, and now own $12.5k of stock which has a cost basis of $10.5k, so a $2k profit, while buying 103 shares would net you $1750. + +The final situation in which the price rockets to something stupid, say $200, you still profit the premium but miss out on a ton of potential gains + +Have I made any glaring obvious stupid mistake? It seems to be a nice way to get into stocks you really want to own while giving you higher profitability and lower risk in most situations. Finally to add, you do need some decent IV to be able to get a premium that’s much greater than put price - stock price + +Thanks! + + +[This is the official $GME Megathread for r\/Superstonk.](https://preview.redd.it/gzy9yfftoov71.png?width=778&format=png&auto=webp&s=7ce125aa2d7455f994d74a4192f1a04b7d14448c) + +**Please keep ALL conversations contained to Gamestop and directly related topics.** + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Brand new to the sub? Start here! + +***You must read the*** [***Superstonk Rules***](https://www.reddit.com/r/Superstonk/wiki/index/rules) ***before commenting or posting on*** [***r/Superstonk***](https://www.reddit.com/r/Superstonk/)*.* + +https://preview.redd.it/u7nzd0m0pov71.png?width=1651&format=png&auto=webp&s=df5232178c4035ba1c069f9306b30453b42946cd + +The extremely talented and dedicated [u/zedinstead](https://www.reddit.com/u/zedinstead/) has created this beautiful collection of the most important, groundbreaking **D**ue **D**iligence in PDF format that can be easily accessed and shared. If your looking to familiarize yourself with the GME bull thesis or the underhanded tactics of the short sellers involved in this trade-- then this is for you: + +# [GME.fyi](https://fliphtml5.com/bookcase/kosyg) + +[r/Superstonk](https://www.reddit.com/r/Superstonk/) employs strict posting requirements to ensure our community stays moderately free from trolls and other such bad actors. As such you may find you have trouble posting if you haven't fully read and understood our rules. + +**Posts keep getting removed?** [Find out why.](https://www.reddit.com/r/Superstonk/wiki/index/rules) + +**Not enough** [**karma**](https://www.reddithelp.com/hc/en-us/articles/204511829-What-is-karma-)**?** Here's a [quick guide](https://zapier.com/blog/how-to-get-karma-on-reddit/) on how to get it. + +**Want to learn more?** [Check out our extensive Wiki](https://www.reddit.com/r/Superstonk/wiki/index) and [FAQ](https://www.reddit.com/r/Superstonk/wiki/index/faq) + +**Eager for more even more GameStop info?** [gmedd.com](https://gmedd.com/) is a spectacular resource. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Flair Links + +Check out our [**flair system**](https://www.reddit.com/r/Superstonk/comments/mrwirc/updated_about_and_menu_flair_directory/), which is easily accessible via the sidebar button widget on desktop or the About menu on mobile. + +[📚 Due Diligence](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%93%9A%20Due%20Diligence%22) | [📚 Possible DD](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%93%9A%20Possible%20DD%22) | [📈 Technical Analysis](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%93%88%20Technical%20Analysis%22) | [🤔 Speculation / Opinion](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%A4%94%20Speculation%20%2F%20Opinion%22) | [💻 Computershare](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%92%BB%20Computershare%22) | [💡 Education](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%92%A1%20Education%22) | [📰 News](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%93%B0%20News%22) | [🤡 Meme](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%A4%A1%20Meme%22) | [👽 Shitpost](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%91%BD%20Shitpost%22) |[📳Social Media](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%93%B3Social%20Media%22) | [☁ Hype fluff](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%E2%98%81%20Hype%2F%20Fluff%22) + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +***What's This Post All About?*** + +The first thing you'll notice is a stickied comment right at the top. We call this the "Front Desk". Every day a moderator will create a new sticky comment that includes links to community announcements, fantastic posts that deserve more attention, and generally the simplest and easiest way to interact with the moderators of this community. The rest of the post is designed for general discussion and content/questions that might not need their own post. + +If you are new please mention that when you comment. There are no stupid questions but "shills" (paid accounts with the intent to disrupt the sub) are real. This community sees a lot of trolls. If you do not distinguish yourself as someone with genuine questions it is likely that members of our community will assume you are just spreading "FUD" (Fear, Uncertainty, and Doubt). I hate that I have to give you this warning but it is just the nature of the beast at this point. + +Please have fun, play nice and be civil. Many of our rules are heavily enforced. Debate is welcome but if it devolves into personal insults please report the comment. *Ape no fight ape!* +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* +United Airlines claims to offer more US-China flights than any other airline. Chinese social media is up in arms about the incident, claiming it was racist discrimination - American media now reporting that the man who was removed said he thought it was because he was Chinese. Now, media is reporting that the UAL CEO doubled down and called the man "immature" - this right here turning into a whole new controversy. + +Give it a couple weeks, see if other airlines, especially those servicing China, start ad campaigns based more around quality of service and comfort than previous campaigns - this will be the signal of really serious trouble for UAL. + +So put time? + +Edit: Yo what the fuck. Get this flair off here. +I noticed that my phone bill was $20 higher this month. I logged into my mobile provider account and saw a third phone listed on my account. My phone and my wife's phone were still there, but a third phone, iPhone XR, was added in mid-December. It was listed as an upgrade, and that I owe $799 in $20 monthly installments to pay it off. I contacted my mobile provider, and they informed me that it was purchased in a far away state that I've never visited. They said the authorization was done at the store using my driver's licence. The information about my license sounds correct. However, they can see that the phone has never been activated/utilized as connected to my account. The billing address on my account was changed to a place in a third state I lived long ago (2012) that matches what is on the license. The license itself is still in my possession and is valid, but this is not my proper billing address. I am not sure how this information could have gotten out. Is it possible a duplicate was made/found? + +The mobile provider has initiated a fraud form, and said it will take 7-10 days. What else should I be doing right now to see what other theft may be happening, and how can I best protect myself going forward? Is this a common scam? Thank you. + +Edit - I viewed my credit report and I did not see anything else strange. + +Edit2 - Thank you so much to everyone who responded. I'll definitely be taking a lot of the advice. Also, I'll follow-up when I hear back from my provider. + +Edit 3 - My provider refunded the money and removed the phone from my account. Was ~3 day process. + +&#x200B; +**TLDR:** *On October 1st, large banks* *^((see below for Tier 1 banks))**, will be required to adhere to minimum capital requirements. Falling below this minimum will result in automatic restrictions to capital distributions (dividends) and discretionary bonus payments. Interestingly, BofA (tier 1) and Huntington (tier 4) requested their stress test results be reconsidered.* ^(\[source 0\]) + +..... + +# Projected Trading Losses + +These are the projected trading losses based on the Stress Tests conducted by the FED on the tier 1 banks. + +&#x200B; + +|*Bank*|*Projected Trading Losses 2022*|*Projected Trading Losses 2021*|*Projected Trading Losses 2020*| +|:-|:-|:-|:-| +|Bank of America|$12.9B ^(\[+30.3%\])|$9.9B ^(\[-5.7%\])|$10.5B| +|Bank of New York Mellon|$2.9B ^(\[+190%\])|$1B ^(\[+25%\])|$800M| +|Citigroup|$13.6B ^(\[+58.13%\])|$8.6B ^(\[+50.87%\])|$5.7B| +|Goldman Sachs|$20.9B ^(\[-0.94%\])|$21.1B ^(\[+18.53%\])|$17.8B| +|JPMorgan Chase|$16.1B ^(\[-14.36%\])|$18.8B ^(\[-13.76%\])|$21.8B| +|Morgan Stanley|$10.6B ^(\[-5.35%\])|$11.2B ^(\[+17.89%\])|$9.5B| +|State Street|$1.5B ^(\[+87.5%\])|$800M ^(\[+33.3%\])|$600M| +|Wells Fargo|$13.7B ^(\[+47.31%\])|$9.3B ^(\[+6.89%\])|$8.7B| + +A minor detail in the stress test report.... + +>^(\[source 1; page12\]) *Importantly, these projected losses are based on the trading positions and counterparty exposures held by banks on the same as-of date (****October 8, 2021****) and could have varied if they had been based on a different date.* + +I did check other reports and it seems normal for the bank to use the previous year's "as-of date," in October. This detail is important to point out, since October of last year when these assets were all accounted and their values determine, there has been a substantial decline in their values. + +.... + +# Provision for Loan Losses (including Margin Loan) + +This is a basket of potential loan losses; corporate loans, mortgage loans, auto loans, credit cards...but the one that's also included in this metric: ***loans for purchasing and carrying securities (basically margin loans).*** ^(\[source 2; page14\]) + +&#x200B; + +|*Bank*|*Provision Loan Losses 2022*|*Provision Loan Losses 2021*|*Provision Loan Losses 2020*| +|:-|:-|:-|:-| +|Bank of America|$53.5B ^(\[+27.68%\])|$41.9B ^(\[-21%\])|$53.1B| +|Bank of New York Mellon|$1.7B ^(\[+6.25%\])|$1.6B ^(\[-11%\])|$1.8M| +|Citigroup|$37.5B ^(\[+10.61%\])|$33.9B ^(\[-32.2%\])|$50B| +|Goldman Sachs|$18.9B ^(\[+47.65%\])|$12.8B ^(\[+15.31%\])|$11.1B| +|JPMorgan Chase|$64.5B ^(\[+55.42%\])|$41.5B ^(\[-42.6%\])|$72.3B| +|Morgan Stanley|$11.5B ^(\[+36.9%\])|$8.4B ^(\[+29.23%\])|$6.5B| +|State Street|$2.1B ^(\[+40%\])|$1.5B ^(\[+7.14%\])|$1.4B| +|Wells Fargo|$53.9B ^(\[+23.34%\])|$43.7B ^(\[-17.39%\])|$52.9B| + +Does this mean anything? **NOPE**. I included it in here since it's actually where the stress test accounts for *potential failed margin calls*. In the fallout of Archegos, where Credit Suisse had a $5.5B loss, their 2021 test ^((remember that the 21' report reflects an October 20' snapshot)) only accounted a $200M loss potential. Guess phone numbers *can* be prices. + +Speaking of Archegos, this post will be the only place I ever speculate on BBBY....check the bonus section. + +... + +# Falls from Tier 1 + +Based on comparing the 2021 to 2022 reports, the following banks are no longer Tier 1 banks: *Barclays, Credit Suisse, Deutsche Bank, and HSBC.* + +*..* + +# Bonus: Revisiting Archego's Timeline + +* March 22nd: ViacomCBS (PARA) announced a $3B offering + +https://preview.redd.it/2a9i69sqe7l91.png?width=725&format=png&auto=webp&s=fefe9a46db3d547d79ebd08bb8506ccad0118874 + +* March 23rd: Viacom closed down -9%; Potentially, when margin calls were issued. +* March 24th: Viacom closed down -23%; Potentially, the day a margin call failed. +* March 25th: GME closed up +52.68% + +https://preview.redd.it/hnfz4c1fh7l91.png?width=1032&format=png&auto=webp&s=264700d34aee6c60094a2891d36fa4e8647dc910 + +* March 26th: Goldman and Morgan Stanley liquidate PARA and other positions. +* March 27th: News is released on Archegos failure. + +https://preview.redd.it/268sxmxgh7l91.png?width=931&format=png&auto=webp&s=3bcb381d28b60ca36c7cd44fcf10f6f8fff52281 + +So what does this have to do with BBBY, RC, and GME? + +>Let's see who's in the top 5 ownership of BBBY + +https://preview.redd.it/h68co2owi7l91.png?width=1002&format=png&auto=webp&s=534d77bd13479555c447596cb3039107e659985b + +And what does BBBY have in common with PARA...now. + +https://preview.redd.it/irw6ksw3j7l91.png?width=1310&format=png&auto=webp&s=357c5733dec5afc7818194de2b26c12b24c33ede + +One last thing, when I actually researched BBBY and it's institutional holders...RC wasn't the first to sell. + +* August 10th: Fidelity sold 13,799,381 shares, representing a 13.65% stake \[4\] +* August 16th: Freeman sold 4,968,000 shares, 6.21% stake, and a position only held for 27 days + +If history repeats itself, BBBY may mimic PARA's negative price action, which may positively correlate to GME again as it did in the past. With the new ISDA initial margin requirements (Sep 1st) and the banking capital requirements (Oct 1st) going into effect, hands may be *forced to act...****again***. + +. + +# Sources + +* \[0\] FED Capital Requirements October 1st Press: [^(https://www.federalreserve.gov/newsevents/pressreleases/bcreg20220804a.htm)](https://www.federalreserve.gov/newsevents/pressreleases/bcreg20220804a.htm) +* \[1\] Current 2022 Stress Test Report: [^(https://www.federalreserve.gov/publications/files/2022-dfast-results-20220623.pdf)](https://www.federalreserve.gov/publications/files/2022-dfast-results-20220623.pdf) +* \[2\] 2021 Stress Test Report: [^(https://www.federalreserve.gov/publications/files/2021-dfast-results-20210624.pdf)](https://www.federalreserve.gov/publications/files/2021-dfast-results-20210624.pdf) +* \[3\] 2020 Stress Test Report: [^(https://www.federalreserve.gov/publications/files/2020-dfast-results-20200625.pdf)](https://www.federalreserve.gov/publications/files/2020-dfast-results-20200625.pdf) +* \[4\] Fidelity BBBY sale: [^(https://www.sec.gov/Archives/edgar/data/0000315066/000031506622001698/0000315066-22-001698-index.html)](https://www.sec.gov/Archives/edgar/data/0000315066/000031506622001698/0000315066-22-001698-index.html) +So 5 months ago I started a well paying job after 10 months of unemployment. After being unemployed for so long I had basically no money left. And for this job I had to move, so I really had no money after that. With bills and needing to furnish my new apartment, I wasn't doing much damage on my debts so it took a while to get anywhere. Finally after christmas I had caught up on every immediate debt and finally had some extra bones to play with. I had a cc go to collections a few years ago and this past week I finally sorted out a payment plan to get rid of it in 3 months. I also opened an investment account to start saving and put $200 in it. + +Then yesterday my car overheats and dies...fml. + +It's an 06 Altima and it has been kinda clinging to life, but the engine has always run awesome. Just the rest of the car was a bit suspect, creaky and rusty etc. Figured as long as the engine was ace, then whatever, the rest doesn't matter that much. Until about 2 weeks ago I noticed it was taking a long time to heat up inside. Didn't think it was that big of a deal since it did eventually work, just took a lot of driving. Temp gauge was fine. Didn't seem like a major problem to me. And I only drive about 3 km to work every day so the impact was low on my life. + +But yesterday I was driving out to have dinner with my coworkers and after 10 mins the temp gauge shot up, car popped, check engine light came on, lost power. Totally munged up. Coolant is gone and my prediction is that the head gasket blew. It had been burning oil a little bit lately, but it's an old car so not that out of the ordinary. + +So in any case, it will cost a lot to fix this beast. Very likely too much to be worth saving it. It's only worth about $3k after all. Now I'm the horrible position of a) needing a car b) not having enough money to get a new one c) not having a high enough credit score to get a loan and d) living in a remote small town with no friends or family to lend me a car etc. + +This whole situation and feeling reminds me of the philosphical problem of the self driving car. When the choice is to either swerve out of the way and hit a pedestrian, or not swerve and get in an accident with another car. All outcomes are horrible. There is no outcome that will be positive. It's impossible. I'm just fucked. Now I'm staring at the barrel of a loaded gun, waiting for the trigger to be pulled. + +And like the quote about poor people spending more on shoes, I suffer because I couldn't afford a newer car in the first place. + +IT SUCKS ASS! +During last week I have seen couple of posts where people wanted to invest in 0.0001$ penny stocks. This screenshot is from [barchart.com](https://barchart.com) Im using their FREE premium account and was able to screen those. there are more stocks, prices from $0.0001 and going up. + +DISCLAIMER: Im just providing the list of the stocks which is super cheap but you have to do the research about the company and decide if its valid company or scam. DO YOUR OWN DD ( as pro traders saying, im beginner ) and invest after. Im NOT financial advisor, Im a broke NOOB student. + +P.S if you find good companies let us know too. + +https://preview.redd.it/zhb7mmkessh61.png?width=1157&format=png&auto=webp&s=4b2d92db801792925aa832fc3a4a04eda61ab5a0 +Good Morning Apes! + +That's right it's a me Gherkinit, not banned, much to the chagrin of a few, and since I never gave a shit about the money and only started streaming since the people who follow me asked me to. I will continue posting my daily thread here (with no monetized links obviously) and continue to provide the community with my DD as I always have, whether they agree with it or not. + +As far as the accusation of brigading goes reddit allows me to dual post the links to my DD to twitter when I publish anything, and am obviously allowed to let people know my thoughts and draw attention to my DD when it goes up. I also have 8,635 people who follow my profile on here so the idea that I can post anything with out it turning into a shit show is absurd. + +A lot of you feel negatively towards me because of my feelings on DRS, while I haven't ever been anti-DRS, and actually do agree with the theory (I did not initially, but after many conversations with the people who wrote the DRS DDs was convinced otherwise). I do not yet have proof of that theory and still hesitant to DRS myself (no I don't think tweets are supporting evidence). + +There is an excellent conversation here with another ape I had over the weekend that may shed more light on my opinion. If you absolutely hate me for not DRS'ing maybe give this a read and see if it changes anything, if not that's ok, but they are my shares and I will ultimately do what I want with them. + +[https://www.reddit.com/r/Superstonk/comments/refr2u/comment/hob2u60/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/refr2u/comment/hob2u60/?utm_source=share&utm_medium=web2x&context=3) + +https://preview.redd.it/44dztsq19b581.png?width=1936&format=png&auto=webp&s=80d827f5f6b3511341143b4efc22a581039afc2d + +So anyway we are moving towards our next exposure window in my DD if you haven't read it you should it's fucking awesome [MOASS the Trilogy](https://www.reddit.com/r/Superstonk/comments/qvyjap/moass_the_trilogy_book_one/?utm_source=share&utm_medium=web2x&context=3) + +The next exposure window will begin on the 17th and the T+2 will carry out through the 22nd. + +Very similar to the run we had in November with one key difference the ETF & Index is on LEAPS and so the exposure on that end should be higher. The direct GME options exposure is still monthlies and interest is a bit higher than November due to quad witching . + +They don't have a lot of wiggle room in these cycles they can either hedge in advance to reduce exposure (Nov. 19th) or they can cover all at once like (Aug. 24th). So what should we expect... + +Well we know that GME is illiquid as hell, the bid/ask fluctuating as high as $4.00 at the money. + +So with that illiquidity they will need to delta hedge with synthetics if they choose to hedge in advance. Or they will use synthetics to cover gamma exposure during the T+2 window. + +I sort of expect them to hedge in advance there will still be exposure but it minimizes it and FTDing the synthetics allows them to kick the can a bit. + +This is last Januaries price action overlaid on the current cycle. Just to give an idea of what I expect, we will not however follow this exactly as liquidity is much lower and volatility is far more sensitive. + +[An idea of what to expect over the next 7 trading days](https://preview.redd.it/vefbtuxxdb581.png?width=2393&format=png&auto=webp&s=8fc1db02f46eba12111855470a0449ac052b5e2e) + +**You are welcome to check my profile for links to my previous DD, and livestream.** + +Also for the mods if people are haranguing you about this being TA because they saw a chart, a chart is data not technical analysis. This is an update to my previous DD and contains no technical indicators or trade patterns. Every one of these dates correlates directly with settlement periods that would have an effect on short positions. I am simply using the chart to visualize those time periods. + +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 + +Well that was a fun one to hold through massive put interest driving the price down today taking full advantage of the market trend and bring us down to even steeper discounts than we saw last Friday. Who doesn't want GME for cheaper than DFV's last buy-in? The important thing to note today is the massive amount of short interest we saw was derived from ITM puts hedged synthetically. This generates large amounts of FTDs on the other side and/or significant buy pressure in T+2. They know that this is unsustainable, so it looks like they are trying to cover as low as possible. Thank you all for tuning in, see you tomorrow. + +\- Gherkinit + +https://preview.redd.it/tvm8bi56ld581.png?width=798&format=png&auto=webp&s=a386bf4e97fb8ed9963e6578037a9e997c09d411 + +Edit 6 1:50 + +Still at 140 still fairly stable. + +https://preview.redd.it/86chyx65wc581.png?width=1444&format=png&auto=webp&s=c9ab2c7eeb175971c53f5a5c2dfc50b3293c669a + +Edit 5 12:29 + +69% of users agree I'm pretty awesome :) + +https://preview.redd.it/cw7oky7rhc581.png?width=1463&format=png&auto=webp&s=e1f6be68ec52d546eaa7f1737dc7e33541151817 + +Edit 4 12:26 + +It looks like the flow of ITM puts has dried up, and we have found some stability around $140, remember this synthetic shorting isn't sustainable long-term but it does dodge SSR as it falls under bona fide market making. But like all synthetics actions an opposite reaction must be realized. + +https://preview.redd.it/gtn7y11dhc581.png?width=1448&format=png&auto=webp&s=860b8d1c3b640e3dfd76cd5ad3e09ff6207d4b7e + +Edit 3 11:03 + +Big pump in ITM put positions to drive the price down. This is the kind of thing I like to see from the funds short my favorite stock. Lack of borrowable shares and illiquidity force them to use these dangerous positions to drive the price down as these are sold off and cash settled it has an inverse effect on the underlying. + +https://preview.redd.it/hq2v40si2c581.png?width=978&format=png&auto=webp&s=c3d34c68099d42418911d067f58edf428ad920f0 + +Edit 2 10:39 + +We seem to have found support on a long-term horizontal support from mid march/april. This is the lowest GME has been for 8 months. We appear to be bouncing a bit but if they are driving the price down this hard they must have a lot to cover. + +https://preview.redd.it/o25a212ayb581.png?width=1464&format=png&auto=webp&s=15a4dfa4141abb95ed5645f178fb7d4660c97eab + +Edit 1 9:46 + +Seeing the effect of some of those borrowed shorts and also dropping with the overall market. Someone on stream brought up something I forgot this morning, which is that deferred margin from Nov. 19th Rule 4210 was moved out to today. So if someone had been margin called when we saw all those anomalies in the data (SI%, and 11m shares to borrow) the effects of that would play out today. Unlikely but good to point out. + +[support found at 155 but the trend hasn't shifted](https://preview.redd.it/91qvhej0pb581.png?width=1477&format=png&auto=webp&s=bede25d98fdca6a29bf37278ddb123f05c6b9537) + +# Pre-Market Analysis: + +GME started running up Friday after ITM puts began being cash settled which started around 3pm. Once the MM were free of this hedge the price began to float back towards max pain which was at 175. This upward pressure should continue into today as those put positions are bailed out of due to the increase in price of the underlying. + +GME up 2% in the pre-market on 24k volume. + +Shares to Borrow: + +IBKR - 150,000 @ 0.5% (250,000 borrowed this morning) + +Fidelity - 851,208 @ 0.75% (still about 500,000 floating shares here from the borrow last Thursday yet to be returned) + +[GME pre-market on the 1m](https://preview.redd.it/fqw0p0rcgb581.png?width=1478&format=png&auto=webp&s=454ac8357072b093949cfe224c88269e8346eb00) + +CV\_VWAP: + +Foreign market arbitrage is slightly diverged from the baseline, but not notably so. + +https://preview.redd.it/12l1oisigb581.png?width=2452&format=png&auto=webp&s=c1783c8d71efd46b2b2034171941a6504086bf84 + +**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.* +Hey, + +I started investing my savings around July. Because of the Bullmarket at the moment in the US, I've made £200 since, from investing in the S&P 500 and Nasdeq; and I've got AMD and Disney stock right now, that I've bought recently. + +In total I have over £5000 invested, money that I've saved up from my minimum wage income. Since August I've been adding £385 to my investing account monthly. + +At the rate I'm going (I'm almost 20), if I keep my yearly investment total aligned with the increase of inflation, I'll be on my way to retire as early as my mid-forties, so long as the US economy doesn't collapse to the point of no return. + +However, £385 is over a third of my current income. This aslong with saving for car insurance, petrol, and cheap rent, I'm getting stressed out. I have hobbies I want to indulge in, I want to go places when I want to, and to be able to afford nice food with friends. + +This past month I've spent more money than I'm comfortable with, and it could become the norm. So, half of me is fighting to sell my stock in AMD and Disney, for emergency money; and cutting the £385 down to £250. +What could I do to help me in the future financially things such as Investing, Credit/Debit cards, saving up money, insurance, debt, budgets, and paying for college. +Just in general things like what I’ve just listed that can help me in the future. +I’ve never kept a track of my finances but have decided to input my wife’s and my children’s assets (Junior ISA) into one family spreadsheet from now on. + +Wife owns a Buy To Let and I have an index tracker so I want to monitor the progress + +Would anyone be willing to share their templates (minus their personal information) via DropBox links or similar. Stuff with columns for property, ISA, expenses, bills etc? +[https://www.afr.com/wealth/personal-finance/ato-turns-screws-on-confused-etf-investors-20211001-p58wjg?utm\_medium=social&utm\_campaign=nc&utm\_source=Facebook&fbclid=IwAR1OOejPYfdbccgfRiWLbYlyRSfxUyLKfXnezP2mtvObhfp3JnuV9jxmQ1c#Echobox=1633463945](https://www.afr.com/wealth/personal-finance/ato-turns-screws-on-confused-etf-investors-20211001-p58wjg?utm_medium=social&utm_campaign=nc&utm_source=Facebook&fbclid=IwAR1OOejPYfdbccgfRiWLbYlyRSfxUyLKfXnezP2mtvObhfp3JnuV9jxmQ1c#Echobox=1633463945) +I have a question about my rights here: + +Back in April, a Victoria's Secret credit card was opened fraudulently in my name, and the theft made a $182 purchase on the card. I went the whole 9 yards contacting everyone I was told to contact to get this reported for fraud. + +In the end, all 3 credit bureaus agreed with me that this card was opened fraudulently and the account was deleted from my credit records. However, yesterday I received a letter from Victoria's Secret saying that they found no basis for my fraud claim and they will continue to send statements. + +Do they have any power over me, since every other credit institution agreed that this account was fraud? Victoria's Secret was the first company I contacted about this, and they told me that they had flagged the account for fraud and even helped inform me about the first steps to take to report this identity theft. + +How should I go about this situation? + +EDIT: Hey everybody, I'm sorry for the delay of update. However, I got all my paperwork in order, got all my reports filed, put on my battle paint, and I went into the call ready for war! + +Well, turns out, VS sent that letter prematurely. My case was closed, the letter was autosent, and then a few days later my case was reopened because they received the additional information. The account security agent apologized for the confusion, told me I didn't need to worry about the amount statement for now, and said that they will call if they need anything more from me. + +I highly appreciate all of your help and advice about this! It was all very interesting and useful to read through. This resolution was very anti-climatic, but I'm relieved that I didn't have to put up a fight. Hey, it's technically not over either, so I'll reference all of your comments again if the worse does happen! + +Thank you all again! +Assumptions: Minimum $30k salary, 1% average increase in 401k Max contribution, 3% annual increase in salary, 4% company match, 7% rate of return on investments. + +My other savings go up and down depending on how my wife's 100% commission based income is doing, but I make sure to max my 401k every year, so I wanted to project where that would get me if that was the only saving I did. + +*Also meant to put 21 years + +*second edit - a lot of people complaining about the $30k number. I just put that as the bare minimum salary you would need to make this example work with the 4% employer match. 99% of this subs members are making well above that amount. + +Obviously it would be hard to max your 401k on $30k, but not impossible if you're DINKing or have side income. + +Year | 401k Contribution (1% annual max increase) | Salary (3% annual raise)| Company Match (@4%) |Total | Running Balance | After Returns (7%) +---|---|----|----|----|----|---- +1 | 18,000 | 30,000 |1,200 | 19,200 | 19,200 | 20,544 +2 | 18,180 | 30,900 | 1,236 |19,416 | 39,960 | 42,757 +3 | 18,362 | 31,827 | 1,273 | 19,635| 62,392| 66,760 +4 | 18,545 | 32,782 | 1,311 | 19,857 | 86,616 | 92,679 +5| 18,731 | 33,765 | 1,351 | 20,081 | 112,761 | 120,654 +6 | 18,918 | 34,778| 1,391 | 20,309| 140,963 | 150,831 +7 | 19,107 | 35,822 | 1,433 | 20,540 | 171,371| 183,367 +8 | 19,298 | 36,896| 1,476 | 20,774 | 204,141 | 218,431 +9 | 19,491 | 38,003 |1,520 | 21,012 | 239,443| 256,204 +10 | 19,686 | 39,143 | 1,566 | 21,252 | 277,456 | 296,878 +11 | 19,883 | 40,317| 1,613 | 21,496 | 318,374 | 340,660 +12 | 20,082 | 41,527 | 1,661 | 21,743 | 362,403 | 387,771 +13 | 20,283 | 42,773 | 1,711 | 21,994 | 409,765 | 438,448 +14 | 20,486 | 44,056 | 1,762 | 22,248 | 460,696 | 492,945 +15 | 20,691 | 45,378 | 1,815 | 22,506 | 515,451 | 551,532 +16 | 20,897 | 46,739 | 1,870 | 22,767 | 574,299 | 614,500 +17 | 21,106 | 48,141 | 1,926 | 23,032 | 637,532 | 682,160 +18 | 21,317 | 49,585 | 1,983 | 23,301 | 705,460 | 754,843 +19 | 21,531 | 51,073 | 2,043 | 23,574 | 778,416 | 832,905 +20 | 21,746 | 52,605 | 2,104 | 23,850 | 856,756 | 916,728 +21 | 21,963 | 54,183 | 2,167 | 24,131 | 940,859 | 1,006,719 + + + + + +I see a lot of these posts, and am curious about the people posting them. Are you all aware of country clubs / city clubs / high end communities (like Discovery who own the Yellowstone Club, Baker's Bay, Ironhorse, etc.)? + +I ask this because "making connections to other FATfire (i.e. rich) people" appears to be a relatively solved problem in the world (this is how wealthy people have socialized for centuries) but seems to persist here as something people struggle with. The above + university network + current and former colleagues network are the main ways most wealthy people I know do make / maintain these connections. + +As a borderline-fat-not-yet-fire person who intends to leverage many/most of the above, I'm curious why these tried and true paths aren't working for people. + + +EDIT: also for those who have children, the parents of their kids' classmates seems to be a really popular one too +There are plenty of retail spaces for sale between $150K-300k in Toronto where, for example, a restaurant or a clothing store was operating. + +If these are well located (downtown), is it worth buying such a space to rent it out? What about the pricing mentioned above, would it be worth it or would it be considered a bad investment? What are the main things to consider when buying a commercial property, specifically a retail space? + +(No experience in commercial investment, I'm looking to educate myself on the matter). + +Edit: Thank you all for your responses! +Late 30s, single, a little over 50M in assets. I'm keeping things general for brevity. + +Recently had a windfall that boosted me from 8M range up to my current. Before windfall, I was about 90/10 ( 60/30/10 us equity, foreign equity, us bonds/cash). + +Moving forward, I'd like to reassess my AA. Previous was aggressive because company was putting out monthly distributions that were way more than I needed to live off of. + +Now, I have two goals and would like to get feedback on my thinking for asset allocation. + +1. Start taking withdrawals, perhaps every 6 mo, to live off of. I'll calculate the SWR given a long retirement of, say, 60 years. Whatever it comes out to conservatively will be plenty for me. +2. I anticipate buying a new house in the next five years, possibly a vacation home, too. + +My thought is to pick an aggressive "retirement" AA for #1 considering the length of time that I'll be withdrawing. 80/20 perhaps. For #2, pick something with much less volatility so I don't take money out when it's really hurting. Maybe 60/40 or even more bond heavy? Then, apportion those AAs accordingly. Maybe it ends up being something like 75/25. Finally, adjust the overall AA to match #1 once #2 is no longer a factor. + +Questions: + +1. Is this a good approach? Are there other bogle/vanguard-ish approaches to this particular "split" situation that I should be aware of? +2. How do you calculate SWR for longer term retirements? Most of the charts I find are based on 30 year. + +Appreciate the help! +As we have high inflation and consumer sentiment index being at a recessionary low point, shouldn’t the demand start slumping causing the decrease in inflation? this should ultimately lead to our economy going back to normal. +On Feb 24th, 11:56:57 am, there was a block trade for the purchase of 79,000 $290 Puts and the sale of 79,000 $278 Puts. This was basically a long bear diagonal spread, the short leg puts expire earlier. A net debit of $70 mil was spent. Image below. + +[What in gods name?!](https://preview.redd.it/1tz0ethdcsj61.png?width=1709&format=png&auto=webp&s=f7458fc7b181c2203ac77af59ffce5557c022e91) + +[Imgur Version](https://imgur.com/gZtEnyN) + +Edit: Software is [Tradytics](https://tradytics.com/) +In the battle of the hair transplants vs non-transplants, the [Bloomberg Billionaires Index](https://www.bloomberg.com/billionaires/?utm_source=url_link) shows Elon ($175b net worth) about to overtake Bezos ($186b net worth) as the king of the tres commas club. + +Buffett all the way back at $86.6b (time to BTFD on Buffett??) + +Jack Ma at $50.1b, although much of that will probably be spent on his funeral when 🍯 🐻 finally announces his death. + +Time for WSB to pump that price up - just need one “stock price is too high” tweet from Elon, a capital raise to dilute the shares and perhaps another split so we can hit $420 once again and he will be the richest man on this planet. + +Perhaps after he becomes the richest person alive, he can finally concentrate on helping Tesla become more profitable than a kids lemonade stand. + +TLDR: buy calls + +Edit: thanks for the free awards. Glad to see people are learning from Papa Musk and being frugal. Don’t waste your money on Reddit coins - spend it on TSLA 850c 2/1 calls + +Edit 2: thanks to the 🌈 mod who gave me the Brother Cramer award. On a separate matter - does anyone know how to wash off all this 🌈 and glitter? Mods left ✨ on their award and it’s gotten everywhere +When I look around all of my friends kids, including my own, the kids are so sheltered. They are all fairly young. No one is a teenager yet. + +Everything comes so easy to them. Life also seems comfy. Everyone is nice and polite. Everyone share their toys. + +Contrast this to my upbringing in a 3rd world ghetto. Life was harsh. Everyone was out for themselves. A lot of scammers, thieves, muggers, etc. + +What can I teach my kid so that he doesn’t grow up to be oblivious to the struggles of this capitalistic world? +We’re earlier stage than most of the other startups in the London branch of the accelerator, and one of the few focused on consumer tech, but we still graduated with the keynote speech at their pitch event! Needless to say we're incredibly excited, and the feedback we got from the post we did on here was instrumental in the development especially at ironing out any bugs the model, which is not surprising considering the level of knowledge that hangs around this sub :) + +In addition to the [Homefinder](https://lifetise.com/homefinder?utm_source=reddit&utm_medium=organic&utm_campaign=Thankyou&utm_content=ukpersonalfinance) app that tells you the numbers to plug into Rightmove and Zoopla, we’re building a ‘life planning platform’ to help people afford the big financial decisions in their lives, including a tool for [Childcare costs](https://lifetise.com/childminder?utm_source=reddit&utm_medium=organic&utm_campaign=Thankyou&utm_content=ukpersonalfinance). + +Thanks again everyone :) +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? +As we all know, the entire crypto market uses USDT as it has the most trading pairs of any stablecoin. As we all know, Tether is a very shady company refusing to be transparent about what is actually backing USDT. + +USDC, which is "*fully backed by cash and equivalents and short-duration U.S. Treasuries*" and publishes monthly " *attestation reports by Grant Thornton regarding the reserve balances backing USDC"*, is a much more reliable alternative. + +For months now USDC is growing larger and larger. It had a $4B market cap on 1/1/2021 and currently stands at a $41b market cap. A 10x increase. + +Tether currently stands at $76b market cap, coming from a $21b market cap. A 3.6x increase. + +If this trend continues, USDC will flip USDT within the year, which means the inevitable exposure of USDT as a scam will have a much smaller impact than before. +AKA: They may not even close.. It's all about the Oct 18th Chinese election. + +https://twitter.com/cnLedger/status/908664109826056192 + +Decentralized exchanges will be abound by then. +AKA: They may not even close.. It's all about the Oct 18th Chinese election. + +https://twitter.com/cnLedger/status/908664109826056192 + +Decentralized exchanges will be abound by then. +I have about $150,000 I can invest. I have zero debt, a paid off home, amazing credit and I am in my 30s. I want to invest in real estate, possibly rental properties, but I know I would be a horrible landlord. I know I would be a total pushover and would not be able to handle the day to day stresses of tenants and the possibilities of eviction. What would be the best way to capitalize on this opportunity? This would be a new venture for my obviously and I am curious how you think I could best make my money work for me. +So for the past 3 months I’ve been trading put credit spreads on SPY way out of the money for 2 week expirys. I made $5000 dollars on a $20,000 account. Then last Friday, and Tuesday I lost $14,000 when the market tumbled. My biggest problem was that I didn’t really have an exit strategy. So I’m looking for guidance on when people doing this type of trade cut their losses. Here is an example trade I would make. + +100 contracts usually with a strike price around $20 below the current SPY price. The premium is usually .05 or .06. I would then close out at .01 when the price of spy would move up. + +However, I had no stop loss if the price moved down. Using my example above, when is a good time to exit this? Would it be if the premium to close was double my original premium collected? Triple? I don’t want to be closing so many out of unnecessary fear that I never make a profit, but don’t want to get to a place again where it costs me .60 cents to close either. Any thoughts or recommendations would be welcomed. +Slightly away from the normal questions posted here but definitely finance related! + +Due to travelling and moving around a lot due to short term contracts, I've not been to the dentist for about 5 years. I know I need to go but none of the dentists around me are accepting NHS patients, not a single one! + +One option is to go private, which is pretty pricey, but the other is to join a dental plan. There are 2 different dental plans, each about £30-40 per month. I'm currently on my highest wage, and I guess I could afford the dental plan, but is it good value? Seems like it would only be worth it if I needed loads of work done, but I guess I won't know that until I go, private could potentially work out more expensive. + +Anyone got any advice on which option makes more financial sense? +Hi guys, I’m 21 and just graduated. I started my job last month so much first payday was on Friday. + +I want to starting saving for emergencies / a house. + +I commute to work via train (classic London grad) and live at home with my folks + +What is some advice you would give a new grad? I’m looking into a LISA over the H2B scheme. + +I’m also curious about investment but unsure about this as my family is always save save save background + +Appreciate all the help and advice I can get + +Thanks + + +Mortgage demand, which has suffered four straight months of declines, fell last week to the lowest level since 1997, as interest rates continued to rise. + +Homebuyers' demand for mortgages dropped 4% for the week and was 38% lower than the same week one year ago, according to the Mortgage Bankers Association. Applications to refinance a home loan fell 7% compared with the previous week, in seasonally adjusted terms. Demand was 86% lower than the same week one year ago. + +The number of borrowers who can benefit from refinancing is at a record low. Interest rates were so low during the first two years of [the Covid pandemic](https://www.cnbc.com/coronavirus/) that the vast majority of borrowers with higher rates already refinanced. + +The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($647,200 or less) increased to 6.94% from 6.81%, with points decreasing to 0.95 from 0.97 (including the origination fee) for loans with a 20% down payment. That is the highest rate since 2002 on the MBA's index. + +"The speed and level to which rates have climbed this year have greatly reduced refinance activity and exacerbated existing affordability challenges in the purchase market," Joel Kan, an MBA economist, said in a release Wednesday. "Residential housing activity ranging from new housing starts to home sales have been on downward trends coinciding with the rise in rates." + +As potential homebuyers struggle to afford a house, given higher interest rates and still high home prices, more are now turning to adjustable-rate loans, which offer lower rates. The ARM share last week rose to 12.8% of all applications, which was the highest share since March 2008. + +Mortgage rates moved even higher this week, with another reading from Mortgage News Daily putting the 30-year fixed at 7.15% on Tuesday. + +Higher rates and falling buyer demand caused [homebuilder sentiment](https://www.cnbc.com/2022/10/18/homebuilder-sentiment-drops-to-half-of-what-it-was-six-months-ago.html) to drop again on the National Association of Home Builders index. Builder sentiment, now well into the negative range, is half of what it was just six months ago. +There can be designated drop off sites where depending on the weight of the trash, you get a corresponding amount of crypto. Or maybe the trash collection is what allows more crypto to be mined in the first place. Idk just a crazy idea! +Hey Everyone! I've considered brushing up on my math skills and found an old calculus book. Is it useful to have a strong calc background? Would my time be better spent on learning higher level statistics? or both? +If the inflation rate is 1.5%, then why isn’t the federal funds rate also 1.5%? If inflation is 9%, then wouldn’t an interest rate of 9% protect savers from inflation? + +I know this is probably a very basic and stupid question. But what spurred it was reading about Egypt’s Central Bank raising its rates to match its inflation rate. So I wondered why the central banks of developed economies don’t do the same. +In 2008, the Fed was given authority to pay interest on reserves. + +Reserves are roughly 6 trillion right now. + +At (let's say) 2.5% that's $150b. + +At which point, the Fed is running a pretty serious loss. + +What am I missing? + +The WSJ had a piece on this recently too - https://www.wsj.com/articles/higher-rates-raise-risk-of-future-fed-losses-11653222600?tpl=cb +I don't get a particular phenomenon that I see here in Bangladesh. Non-profit jobs in NGOs and lecturer jobs pays much higher than for profit jobs. For eg. in NGOs manager level positions fetch 60K+ BDT per month while, lecturers fetch 75K+. However bank managers only get 30K. + +I am not an expert but this seems to go against the basic tenets of economics. That is, the more the profit the more likely that profit is likely to trickle down to employees. Also, all over the world finance jobs pays much higher than non-profit jobs. Generally lecturers and non-profit workers get much much lower pay then the rest. Yet here, its the opposite!! People claim its because NGOs get foreign donations. But even accouting for that (and even corruption) for profit sectors like finance should still pay much more. Besides that still doesn't explain the lecturer thing. Also keep in mind that training to become an NGO manager is not that time consuming, difficult or expensive compared to finance. + +Can someone explain this weird economic phenomenon? + +EDIT: I am talking about the salaries of Bangladeshis in NGOs, banks, universities and not expats. +I really can't understand this. This is supposed to be basic Economics but still. How is it possible that output increases in greater proportion to increase in input in initial stages of production but lesser proportion at later stage. But how is that possible? + +Let's say I can make 20 items a day. If the company hires another guy with similar capability, shouldn't the company be producing a total of 40 items? How can it be more than that? And at later stages, how can it be lesser? Why would hiring more workers give lesser returns? +I'm in my first semester of college right now and thinking of taking Econ101 next semester, but I'm worried my lack of experience in math will make it impossible. I dont think I'm bad at math, I took a few coding classes in high school and did well in them even though I stopped taking normal math courses after Algebra 1, but would I need to take statistics, trigonometry, or something else before I take an economics class or do you think I'll be ok with what I know now? +I really don't have any position on an idea like this. A friend and I literally just looked at each other over the weekend and pondered how a tax on known unhealthy consumption choices might work. + +What we wondered, given that there is already cigarette tax, how about raising alcohol tax and adding in taxes for items with no health benefit whatsoever like pure junk food. **The key is that all that money needs to be routed to a single payer healthcare system.** + +This way, people can't opt out of paying more for bad habits that contribute to future poor health outcomes like diabetes and cardiovascular issues. + +I just wanted people with more brain power to talk about the weaknesses or merits of doing something like this. I know it would probably hard to implement, so there's the issues of whether a society could even make this happen. But supposing that we could, what would be the downstream issues too? + + +Although i am familiar with the works on externalities and what not, robin here seems to argue that these problems are outright the norm with prices, he considers them to be the main reason why supply and demand is a bunk system. + +How exagerated are his claims about the inneficiecies of the market? Was his claims even relevant to some point in history? Is he missrepresenting someone or some study here? Did he even came with the concept himself? +I have been studying economics in-depth for about a year. Most microeconomic concepts I understand, and they’re are pretty sound (price controls, supply and demand, etc.) However, macroeconomics has been an area I have been moving back and forth on my views and what’s right. Personally, I lean libertarian and believe that while some government is necessary, especially for general functions and market failures like pollution, that it does more harm than good. As I first began to study economics, I was anti-Keynesian and based on real-world examples, I felt a limited response to a recession was the best course of action (ex: Coolidge prosperity, Friedman and he failure of the fed, Hoover’s tariffs, the failure of the New Deal, and stagflation during the 70’s). + +However, recently I have been re-considering my beliefs. Based on what I have reviewed, I believe. temporary boost in spending, or preferably for me a reduction in tax cuts, can increase aggregate demand and end an economic downturn. Here are my questions + +1. In a perfect world where politicans weren’t running fiscal policy, spending money and cutting taxes would increase aggregate demand. However, there are many problems with fiscal policy like lags in the time to pass the bill and when the actual money is distributed. Does fiscal policy work, in your opinion, and if it does do you think it’s difficult to achieve with politicians running the show? + +2. Keynesians say we should run a deficit during a recession, but balance the budget during growth to increase investments in capital etc. However, US national debt is out of control. While the country won’t go bankrupt, should we worry about the debt? Higher interest, increases taxes to pay for interest rates, capital and resources going to foreign countries in the future, and possible inflation if we default on our debts. + +3. Where are the real world examples of Keynesian economics actually working? +Take for example the Colombian Paso, £1 is worth around 4,000 COP. Why doesnt the country just say "From the 1st of Aug £1 is now worth 4 COP" to make it seem more worthwhile? + +Sitting here in my arm chair I think if i was the president and with no economic experience i would just say "moving forward all our money in our wallets should be divided by 1,000", all new money printed will be without the additional '000. +I'd consider myself a person who believes in the right wing of econmics ( free market and all that jazz) but I recently noticed most of the "bloggers" I follow are as well, at this point I'd love to read things from intelligent people of the other side, but I find the local left in my country to be well... Pathetic, so if anyone wants to share and recommend left winged individuals that can broaden my perspective I'd love to hear! +They follow Chinese news closely and they told me that Winnie the Pooh is considered to be 4th gen CPC (Communist Party of China), and he is purposely letting Evergrande / the stock market fail, or at least not interfering and bailing entities out, because most of the profit gained from the stock market was by 2nd / 3rd gen CPC party members, who invested into the Chinese market at its infancy, and who still hold onto stocks now. So not only does Winnie the pooh NOT lose (relatively speaking) with a stock market crash because he's not as heavily into it as the previous gen, he can also fuck over the previous gen CPC members as well in a move to consolidate power, and he gets to dismantle a giant conglomerate into its individual bits. + +Is there any other Chinese immigrant ape who have news fresh from China on this Evergrande issue? + +EDIT: For those of you who don't know what I mean by Winnie the Pooh: + +&#x200B; + +[Now you know.](https://preview.redd.it/8x2q1ria4zo71.jpg?width=590&format=pjpg&auto=webp&s=9105cc129b533696a1bfdac2e40cf315a26c3a4c) +I’ve trusted this guy for a long time, he’s been a good friend of mine. But the way he spoke to me after he found out that I was in GME and I wasn’t going to sell, was so disrespectful that I am reconsidering my entire relationship. They truly believe that we are idiots. When I try to present different cases and bring up the DD he dismissed them arrogantly without even looking at them, and totally dismiss me. It was like he was saying that there was no way that I could know something that he couldn’t know. It was an eye-opening experience to the way that old money thinks. He kept saying how we are all a bunch of dumb Reddit kids that are wasting our money. It felt like he didn’t trust my competency enough to even give it a fighting consideration. so I’m holding, even though I am flat broke and in the negative in my bank account, I’m holding, because fuck you Dylan, I’m going to prove you wrong. + +Edit because of stream of consciousness: I had a thought that we are engaging in a new type of financial warfare. Very much like the revolutionary war had a new approach to typical battle, buying and holding seems to be throwing everybody for such a loop that they don’t know how to compute it. I think the reason why I’m getting so mad at Dylan is much like Hamilton did against the bursar in the musical, he punched him because the bursar looked at him like he was stupid, and he’s not stupid. And that’s how I feel. I’m not stupid, you’re not stupid, these apes that have done the DD aren’t stupid, and yet people keep treating us that way. +I know this will probably get downvoted, as these types of posts always do in a post-bubble run up. However, this is a trading sub so I hope meaningful discussion can take place. I posted proof of my position below, and I tried warning people the other day: + +https://www.reddit.com/r/ethtrader/comments/44zxwn/im_a_big_proponent_of_ethereum_and_believe_in_the/ + +The charts were 100% indicative of a bubble. I shorted at .017 and am currently sitting out. This isn't over yet, and will continue to go lower. I wouldn't be surprised to see us sitting at .007 again for quite some time when all is said and done. That being said, look for a rebound here today/tomorrow. It won't last, however. + +Proof of my position being liquidated: https://imgur.com/R2rAuIO + +I hope no one spent more than they could afford to lose, but, once again, if history is any indicator, soon we will see lots of posts here of people posting their stories about how they simply risked too much. + +NEVER invest what you aren't willing to entirely lose. + +And another good thing to look for is.. when there is nothing but euphoria, claims over 100 per coin, etc., in the subs... be scared. + +Edit: I drew this comparison of a popular graphic (it was simply to illustrate a point) for my friends the other day (check the price at the time), and they liquidated their positions in the .014-.016 range thereafter. https://imgur.com/ah01vOx + +Edit2: Here is me liquidating my position before the Bitcoin bubble popped a few years ago. I didn't sell my coins at the tip of the bubble in that case, but still made significant profit and got out before it crashed to the 100's. + +https://imgur.com/13PJ9od + +Hey I’m not sure if this is the right group to post, I was wondering if anyone could give me some advice or share their experiences. I’m 28 and live in outer London UK. I still live with my parents but want to move out as living with them is affecting my mental health. + +I earn £1500 a month and most places to rent are more then half my salary alone. Is anyone else earning roughly the same money and if so how do you live alone on your income? Thanks in advance! +Background: I've been with a large firm for about 6 years now and they've got us invested a large amount of stock (55%) and the rest in bonds (40%) and some index ETF's (5%). Each year I ask them to compare the equity portion of our portfolio vs. S&P 500, and as expected, they don't beat it. They charge 0.75% fee on the stock portfolio, and 0.5% on the bonds and ETFs. We've got a sizable amount with them, and if I would've invested the whole thing into an S&P 500 index fund 6 years ago, I could retire now. But we went with this firm because we didn't know anything about investing, and invested about half (at the time) in bonds because we were scared to lose it. My wife and I are 50 years old with 2 pre-teens. + +When I asked this question about index fund ETFs, they said they've heard that a lot lately (not surprised). They said that not many people will beat a bull market - you need them for the tough times - they will be unemotional during a downturn, sell prior to any large downswings (they believe they will see big risks before they get here), and buy when the market is low, when most people are scared and selling off. + +Do you believe them? What has been your experience during a downturn using an advisor vs. personal investing? +Before you read my dissection of the brief code snippets, I want y'all to take it with a grain of salt and if there are developers who can verify what I've presented here, that would always be great! + +Before you scroll down to look at the pretty pictures, please make sure that you follow along! [https://web.archive.org/web/20211028000950/https://github.com/Loopring/loopring-web-v2/commit/de1601d253991fd4c493a8d5629c02c7d38b5e23](https://web.archive.org/web/20211028000950/https://github.com/Loopring/loopring-web-v2/commit/de1601d253991fd4c493a8d5629c02c7d38b5e23) + +Make sure to scroll down until you see the file: \`packages/webapp/src/api\_wrapper/index.ts\` + +&#x200B; + +[Services that Loopring's tech uses to communicate to GME's NFT platform and etc. ](https://preview.redd.it/tgt39r8t7xx71.png?width=1270&format=png&auto=webp&s=5895b2ed137db048688ca31ae8c7179c29ecd8e8) + +Ammpool Link: [https://www.gemini.com/cryptopedia/amm-what-are-automated-market-makers](https://www.gemini.com/cryptopedia/amm-what-are-automated-market-makers) + +Scroll down into the file until you see the \`initApi\` function. + +https://preview.redd.it/s0cq0d5y7xx71.png?width=1322&format=png&auto=webp&s=fcd8c6dd1702a9d5bcb79f68827e85fd1805494d + +GOERLI: [https://goerli.net/](https://goerli.net/) + +&#x200B; + +[A simple diagram of how the Loopring's API will get NFT Metadata using ETH Contracts.](https://preview.redd.it/04ilpuh78xx71.png?width=936&format=png&auto=webp&s=ae7ffcb5282553393b9294333457bca0644ce844) + +&#x200B; + +&#x200B; + +[Simple diagram of how Loopring's API will get NFT information using NFT IDs or Tokens](https://preview.redd.it/58vf8dmh8xx71.png?width=660&format=png&auto=webp&s=c45cc37011c89e0e3735d24e59160f91f2af389f) + +&#x200B; + +&#x200B; + +[The complete perspective of how we apes will interact with GME's NFT Platform and how the NFT platform will interact with Loopring's L2 Tech.](https://preview.redd.it/mvfzni0m8xx71.png?width=2446&format=png&auto=webp&s=02636186bfa98462fe3f678736c469f3f7291062) + +&#x200B; + +Please bear in mind that I was only shown such a small piece of the code and I do not have the complete picture; however, with the small bit that I was given, I was able to use my expertise and somewhat reverse engineer. This may or may not be accurate; however, I tried my best and I'm more than willing to change any piece of info if another developer can verify. + +&#x200B; + +=============================================== + +Disclaimer: Credit to u/MoonApe420 for this: + +While I advise you to keep your tits jacked, you may want to un-jack them ever so slightly. I didn't know this and no one else has mentioned this— I feel this comment from [u/kuilin](https://www.reddit.com/u/kuilin/) is important and should be discussed: + +Link to comment: [https://www.reddit.com/r/Superstonk/comments/qnrmxx/comment/hjiq8cc/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/qnrmxx/comment/hjiq8cc/?utm_source=share&utm_medium=web2x&context=3) + +=============================================== + +Remember to always do your due diligence and assess situations according to your risk ability. Stay safe, and remember we're gonna moon soon. +Disclaimer before someone gets outraged: I am European, and I'm not hating, but just confused. + +Question is in the title. Whenever I look at indices like the S&P 500, the DAX 30 and the CAC 40, it seems like European indices always mirror the losses of the US counterparts, but only ever have a fraction of the gain magnitude. Since inception, the S&P is up 4000% - the CAC is up the amount I used to round up the s&p value, or a meager 200%. The DAX seems a bit better, but still nowhere close the S&P. Let's not even talk about something like the eurostoxx 50. + +So, as an investor, why would I ever want to invest in European indices when it seems like their performance is just... constantly bad (and why is that the case in the first place)? Sure, "geographical exposure" you might say, but what's the point of geographical exposure when the exposure I used to diversify (a) sucks and (b) even more or less mirrors my other exposure, just with worse performance? + +Like, I'm genuinely curious, because everytime I see it I'm just wondering *why* this is the case. +Have a seat by the fire, and I will tell you the classic Christmas story of the chronicles of 2017. + +# THE PRELUDE + +It all started on a December day, in 2016, very much like today. + +At that time, I no longer had any crypto. I had already sold all of my coins, and after the Mt Gox mess, never looked back. + +Until Bitcoin caught my eye again. That month, Bitcoin was reaching prices I had not seen before. + +Last I remembered, the price was around $300-$400. And now I see prices well over $700. Something was going really well in the Bitcoin universe. Maybe I need to start paying attention again. But I didn't buy yet. + +**December 2016- Prices: $750-$1,150** + +&#x200B; + +[Dec 2016](https://preview.redd.it/xt3on38xtp681.jpg?width=965&format=pjpg&auto=webp&s=c599170a478c4828df49d3f8f09970f188cf089d) + +It went parabolic, followed by a big crash down to $800. So I thought this must be the bear market. Maybe I should consider buying. But it actually quickly recovered. This was something similar to what we've already seen in 2013. An initial spike, with a big crash early on. + +&#x200B; + +# EARLY 2017 + +At the beginning of 2017, I started paying more attention, and looked at how far along things were. And started gaining a little more trust again. Shaking off my Mt GOX trauma. + +**March 2017- Prices: $930-$1,275** + +In March 2017, I finally did it, I jumped in. I made my GDAX account (the old Coinbase pro), and started buying a little bit of Bitcoin. + +I saw there was a little dip from $1,275 down to around $1,160. So I decided to "buy the dip". + +Of course, as always, it dipped even more and went all the way down to the low $900s. + +&#x200B; + +[Early 2017. I bought. ](https://preview.redd.it/ea3ccbv2up681.jpg?width=973&format=pjpg&auto=webp&s=3f7a7a1230b7b7c74f5ed2a74c3a70298a718b3c) + +# SUMMER 2017 + +**June-July 2017- Price $1,990-$2,990.** + +After that little dip, things bounced back, in a big way. Things were going great. Bitcoin looked like it was about to break $3K. I was thrilled but I was starting to become mindful of flying too close to the sun. + +It dipped back down from a $3K rejection, and started stagnating. Then it crashed below $2K. I panicked a little and sold a little. Big mistake. + +It was a very brief dip, and sprung back. When I saw the confirmation that things were back to normal, I bought a little more. + +Peaks, and crashes into despair along a bull market. Is this starting to feel familiar? + +&#x200B; + +[Summer 2017](https://preview.redd.it/3sslcy2lup681.jpg?width=966&format=pjpg&auto=webp&s=3df6b1ec1f2d96e9c817a76fb4f76b8f1f524524) + +# + +# LATE SUMMER 2017 + +**September 2017. Prices: $3,200-$4,600** + +Things went into "fantastic mode" in August. Bitcoin managed to finally break past $3K and reached a new ATH at $4,900. + +In September we had another crash, when the market just couldn't make a breakthrough past $5k. We dropped in the lower $3Ks. Again, it was pretty scary, and some people thought this was the end. The bull run might be over. + +Again it recovered, and even more quickly than before. The market started to recover increasingly more quickly from any dips. That started to generate a lot of confidence, and maybe even overconfidence. + +We entered the real FOMO phase, and started having all the obnoxious lambotards taking over the sub. This is also the month I first got into alt coins, and bought my first Ethereum. + +&#x200B; + +[Late Summer 2017](https://preview.redd.it/9qjvoerqup681.jpg?width=947&format=pjpg&auto=webp&s=04b86c8849365b5ff2b7e7c110f601f07cf9d3b5) + +# + +# AUTUMN 2017 + +**November 2017- Prices: $5,900-$7,500** + +This is the fire phase. When get to that phase, you will definitely know. + +Things were really on fire in November. The hype was starting to get pretty crazy. By that point, I thought I had really pushed my luck to the limit. I didn't want to fly too close to the sun. + +There had already been so many times I thought we had hit the peak. + +I was sure the price would crash now. I pulled out my Bitcoins at $7K, and only kept my Ethereum, with a big sigh of relief. + +Especially when the price dipped below $6K. For a moment there, I thought I was the smartest guy in the world. I thought I was Michael Burry, foreseeing the final crash. + +But I ate my words very quickly, when the market bounced right back. + +I was in disbelief. + +I didn't want to touch Bitcoin, and bought more alt coins instead. In retrospective, it may not make a lot of sense with what we know today. + +Keep in mind, at the time we didn't know that much about alt coins, nor how that market behaved. You usually bought alt-coins, thinking they could be the next Bitcoin, and have a Bitcoin run of their own. + +&#x200B; + +[Autumn 2017](https://preview.redd.it/8vvzm030vp681.jpg?width=965&format=pjpg&auto=webp&s=71218fe998a77800bc2bee24391a350fd259eb1b) + +&#x200B; + +# The Peak. + +**Early December 2017- Prices: $11K-$15K** + +Bitcoin eventually went way past $10K, and even to $15K. I was really in disbelief. I kept telling people to watch out, this thing will definitely crash. But I was downvoted by the lambo club. And proven wrong with every new high. It did start to feel like 3am at a nightclub. When the crowd is at its drunkest and highest, although it may feel like the party will never stop, it's all about to come to an abrupt end. + +**Mid December- Prices $15K-$19.5K** + +When the club didn't close, and the show went on, I started to doubt myself. Shit, maybe I'm the one who is wrong here. Maybe this thing will never crash. + +When the price went above $17K, and it seemed like every dip failed and got eaten up, I seriously considered buying back in. But I didn't. + +At least I still had a little bit in alt coins, and they were also on fire. + +&#x200B; + +[The peak. ](https://preview.redd.it/yie0l232vp681.jpg?width=966&format=pjpg&auto=webp&s=cbc7e299546a537932dc2fe5069986123c1d7c77) + +# The Crash + +**End of December- Prices $19.5K-$12K** + +When you least expect it, expect it. It finally happened. It crashed, or started to crash. Was it because of the opening of CME futures? Was it because of the upcoming Chinese new year? A lot of people tried to point fingers at anything. + +The reaction was still mixed. Many people believed this was just another brief crash, while some thought this could be the one. But there had been so many fakeouts, it was still hard to tell. + +For the last few weeks of December, there was a lot of confusion. I bought in a little bit, the discount was too tempting. + +&#x200B; + +[The crash.](https://preview.redd.it/urtx9pl8vp681.jpg?width=973&format=pjpg&auto=webp&s=06df90f5f3962708d5c0f05b905c740e60adbe5d) + +# THE DAWN OF THE BEAR MARKET + +**January 2018- Prices: $17,500-$10,100.** + +About half the people had realized by now that the bull run had come to an end. Interestingly, there was still a lot of buzz for alts. + +While the reality hit the market that this was a serious crash, and possibly a bear market, there was still some optimism about Bitcoin going no lower than $10K, and things slowly climbing back over the course of the year. This is partly why alt coins were still big. There was still the belief that they could be the next Bitcoin, and could be cheap to buy right now. It was later discovered to be a fatal mistake, as most of these alt coins dropped more than 80%, many over 90%. + +# Goblin Town. + +Bitcoin didn't climb back, and did drop below $10K. + +**February-June 2018- $11K-$6K** + +In February we had a nice little fakeout and bull trap. For a moment, many people thought the worst was behind us. But reality finally hit everyone. And any lingering optimism was gone. + +The Lambo club had vanished completely. Activity in crypto subs and forums plummeted. + +The mood was something like out of a bread line of the great depression. + +Brother can you spare me some BCH? Oh wait, those became worthless a few months later during the Hash Wars. Because on top of all this, we had the Hash Wars, a nasty black swan event in the middle of a bear winter. + +We weren't just in a winter, we were far below the snow. We were in goblin town. + +&#x200B; + +**How did I come out?** + +I made a lot of mistakes, but still managed to do really well in 2017. But paid back a lot of it in the crypto winter. + +I learned to be a little more conservative, check my emotions at the door, and build a little strategy of my own. Kind of a hybrid of DCA. + +So no, I'm not a millionaire yet. And still very far from it. + +And I don't think too many people came out millionaires. +I had an email from my supplier reminding me that my tariff will end in 41 days and I should renew. I went through all of the renewal steps and the new tariff will make my energy go from roughly £1700 to £2400 a year due to the rise in energy prices. + +In addition to the rise in fuel, food and NI increase in April, things look very bleak indeed. +I posted most of what follows as a reply to a person over in /r/fire who almost immediately deleted their post. They talked about putting money into an "asset" vs burning their money with rent. + + +I see a lot of people asking the question similar questions right now: + + +* Should I save for a house or continue renting and invest +* Should I pay off my mortgage early or invest +* Should I continue living with my parents or buy my first home +* Etc. + +I bought my first home for my mother when I was around 23 or 24. It was in rural Maine and the entire purchase price was about 40K (not the down payment - the entire purchase price). The second home I bought was to start and raise a family. I was 29. What follows is my response to the now deleted post. + +If you haven't seen it, you should check out the [NY Times - Is It Better To Rent Or Buy](https://www.nytimes.com/interactive/2014/upshot/buy-rent-calculator.html) + +There are a lot of costs many people don't associate with home ownership - instead focusing on rent vs mortgage payment. + +* Property Taxes +* Homeowner's Insurance (yes, renter's insurance exists but is fairly negligible in comparison) +* Potentially HOA fees +* Major repairs (roof, heating/cooling, windows, siding, etc.) +* Etc. + +Another factor many people don't consider is the money that is lost buying and selling. + +* As the buyer - you typically have thousands of dollars in closing costs. Later when you refinance, you justify paying additional closing costs because it will save you interest over the long haul but these costs rightfully belong in the "total cost of ownership" column. In today's market, you may not have to refinance because rates are still low but you have the initial closing costs regardless. I am ignoring PMI as well as mortgage interest and just talking about the 1 time costs of buying. +* When you sell - you pay both (buyer/seller) agent commissions which are probably 5 to 6% of the sale price combined. The state may have transfer tax or other things. + +Another factor - which is a double edged sword because it cuts both ways - is how you feel about ownership. As an owner - you are literally responsible for everything (e.g. when the air conditioner breaks - it's on you to find a repair person, schedule the repair and pay for it. When inevitably something doesn't go right - it's on you to fight back and forth with the vendor to make it right). As a renter you don't have that same level of hassle and financial responsibility but you also have far fewer freedoms - want to change X - better ask the landlord. + +Another consideration I would take into account is looking at where you see yourself long term. Are you planning on moving later on or staying forever? Having recently sold my house (taking advantage of this insane market and renting for a couple of years ), I can tell you the stress of selling a house is far more than ending a lease. When you end a lease - you end it. With a home, both the buyer and most likely the bank have to agree to let you leave. Let that sink in. Things that you never thought of are now going to be the difference between you being able to leave - will it appraise high enough for the bank to lend the buyers the money, will they find evidence of termites - is there radon in the basement, etc. + +Owning a home is an asset but it is a depreciating asset if not invested in. While it is expected for the price of the home to increase over time, it doesn't do so by just sitting there. Not only do you have to pay for repairs, perform preventative maintenance, etc. but over time you will need to replace appliances as well as possibly even remodel. This is all time and energy that you need to invest just to keep your asset from depreciating. + +I recently sold my home after 16 years. I purchased at the peak of the last market (2005) and over paid for my home. I then invested an obscene amount of money doing a whole home renovation to make it the house I wanted to live in and raise a family. I just sold because market conditions told me there would never be a better time to get as much of money back out then I had paid in but when you compare all the mortgage interest, property taxes, HOA fees, homeowner's insurance, initial and refinance closing costs, major repairs, renovations, front foot assessment, etc. - Even selling at 100K more than when I bought it - I'm not sure if I would have been better off renting. The first time you find water in your basement and your insurance won't cover it because you don't have the appropriate rider in your policy - you can bet you will wish it was someone else's problem. + +> What would you do? + +Now that I am on the other side of home ownership, I think buying a house makes sense in a couple of scenarios + +* You are doing it as an investment - you do not plan on living in the house long term but rather are either flipping it or turning it into a rental property. In other words - you are not making it "your home" +* You are making it your home with no notion that it is an investment. You are paying for happiness as the place you will spend your lives. + +The one thing I would not do is buy a place to "make my home" but do so believing it was an asset/investment. Mentally, this has too much opportunity to be an unpleasant roller coaster. + +**Edit:** For those that think I am saying renting is superior to home ownership - that's not the case. Nor is it the case that I am saying the inverse is true. In two years when my current lease is up, I intend to be a homeowner again (in a different state in a lower cost of living). My post was almost entirely a reply to an individual who asked for advice about becoming financially independent and retiring early. They had already run the numbers and knew that renting allowed them to invest more and achieve their goals but they were considering going against those numbers because they felt it was better to invest in an "asset" (their words, not mine). + +**Edit 2:** I know you're supposed to keep the discussion going or not abandon the discussion or whatever and I have tried to keep up reading what everyone has written and reply when applicable but I don't think I can keep up. Thanks! +Long story short I'm looking at moving after FIRE, and paying significantly more than I'll get from selling my current house. + +I could sell a bunch of investments but the tax hit may be nasty. + +What are my options for a loan in this situation? I could probably do 40% down with little tax consequences if needed. +I wanted to start a FATFire discussion that’s more lawyer-oriented. + +About me: I am 36 y/o male, single, running a solo law firm. I’ll probably take home about $250k this year. Not bad, but not really feeling particularly fulfilled, and also not feeling that great about my income. Currently the biggest challenge is that I have a larger client, call ‘em “mainclient,” from which I get about 75% of my income. I cannot offload mainclient’s work on an associate for relationship reasons, i.e., they hired me specifically and I think I’d lose the business if I told them that I am only going to be supervising an associate who will do their work from now on. + +Choices: I am not specifically asking you guys what path to take, but just thinking out loud. + +1) I could keep doing what I am doing and see to add more clients and an associate… the downside is that mainclient takes up 40-50 hours per week so I am not exactly flush with time to train anyone else, or to generate more clients. Maybe I could add some real estate investing or something on the side +2) I could dump main client and try to start some sort of volume-based shop. I am getting a bit tired of doing all the legal work anyways and sort of want to try my hand at managing more, and lawyering less. Cons: pretty obvious I have no idea how to actually make this happen +3) I could try to join biglaw, though I am a bit too seasoned. Also I have a strong resume, but not exactly T14 + SCOTUS clerkship etc. + +Question: for you successful lawyers out there, what blueprint do you recommend for increasing income? I am interested in hearing everyone’s path! Bonus points for career paths that don’t require kissing ass every day. +[EDIT] Thanks to helpful observers, I've revised my question from asking about "estate plan" to putting assets in a "trust" + +Howdy all - wondering if I need to put my assets into a *trust* if I've specified beneficiaries on my financial accounts (401k, investment, life insurance, etc.)? + +Most investment accounts seem to be flexible in specifying primary, secondary, and tertiary beneficiaries, with percentages. + +My only other asset is my home, which I own jointly with my partner, so if I pass away, they'd get the house. + +In case it's relevant, I've got about $500k in various investments and insurance plans, all of which allow beneficiaries to be designated. + +Thanks! +I started investing in crypto in 2017 (I did some daytrading before that, but never HODL). Didn't invest much, but it was a significant amount for me. I saw HUGE gains. Like 33x. When it went crashing down and after some bad decisions (Bitgrail...), I lost almost everything. I was stressed and angry but calmed down after some months and started accumulating slowly again using the almighty DCA. + +Now, we're in another bull run and the first thing I did as soon as BTC went over 50k was to recover all the money I had invested since 2017 plus a little more for some toys (new GPU and tablet, car tires, some other little things). I still have 90% of my stack but now I'm much calmer with the price swings because no matter what happens, I won't lose any invested money and even if it crashes mighty like in 2018 I have most of my crypto, all my invested money AND my new toys from this bull run so I won't feel like an idiot. +Obviously we're fairly poor or we wouldn't be here. But some people are capable of extremes that go beyond common sense and not everyone is able to. Found you spend $100 on Starbucks every month? Need a cheaper alternative? Brewing your own coffee and buying certain creamers for less than $10-20 a month is a great alternative! You can listen to whomever suggested that. But it IS okay to ignore the guy suggesting you boil dirt or dumpster dive behind Dunkin Donuts for used grains. + +**Background** + +My wife and I (both 26) currently live in Liverpool with our 1 year old baby. We own a house about 10 minutes away from the city centre in a reasonably nice area. + +I earn 65k (plus discretionary bonus) and she earns roughly £30k. + +We’ve been thinking about what we need to do to earn more, and it seems like the only option for me to advance in my career is to move to London. However, even though the salaries seem much higher down there, it seems like we’ll be worse off unless we can get a huge pay rise. + +**Our current earnings:** + +Me: + +Gross is £5,416.66 + +5% pension contribution, employer gives 11% + +Student loan payment of £321.11 + +Take home £3,374.79 with £866.67 going into pension + +Wife: + +Gross is £2500 + +Pension contribution is 9% (Career Average DB pension) + +Take home is £1841.65 + +In total, our take home pay is £5216.44. +We have £866.67 going into my pension and my wife is building up entitlement to a defined benefit pension. + +**Expenditure** + +Our mortgage is £600 pcm, council tax and bills/insurance total around £300pm. + +This leaves us with £4316.44. + +Food costs us around £200pm (we probably spend more than we should), +Clothes around £100 a month on average, probably spend £100 a month on general baby things (clothes, food etc). Our cheap car costs us about £100 a month (including petrol, insurance, depreciation). + +We try and budget £100 a week for entertainment (£433 a month on average) + +Child care is currently free as we both have parents and grandparents who insist on looking after our baby while we work. + +This leaves us with roughly £3400 to save. Some of this goes into short term savings (for emergencies, holidays etc) and the rest goes into long term investments within a S&S ISA. + +**London** + +We both share a common goal “get rich and retire early”. Think early 40s.. We therefore want to maximise our earnings now. It seems like the only way for me to earn more in my industry is to move to London, but it seems to be so expensive. + +At my current level of experience, I could probably find a role paying £75k base. My wife would get a small cost of living adjustment, bumping her pay up to £36k. +Our total take home would be about £6000 opposed to £5200 now, so a £800 pay rise in total, but the increased costs seem to greatly outweigh it. + +To live a similar standard of life as we do now, We’d want a similar commute to the one we have now. To get a 3 bed semi with a garden within 10 minutes commute will be impossible for us, so we’d have to compromise. That could mean living in a 2 bed flat, or having to commute much further each way, spending more money on transport costs and seeing less of each other. It also seems as though I’d be expected to work much more than the 35 hours a week I work now. + +We’d also have to pay childcare costs, which are higher in London (or one of us would have to work fewer days, meaning lower pay). + +We won’t be able to afford to buy anywhere decent, so will probably have to rent. + +Entertainment is more expensive. Food, drink, activities etc all have the London surcharge. Trains are much more expensive, so is owning and driving a car. + + +**Dilemma** + +Is it worth it? What salary would allow us to live a similar lifestyle to the one we do now, without decreasing our spendings? In my head I’m thinking we’d need to earn £150k between us to even come close to it. Can anybody persuade me otherwise? +Many people here have pointed out that this selling seems artificial, multiple brokers report overwhelming buy orders, etc. The official data are in complete agreement with that. S3 and Ortex data are estimates, but FINRA data (from which the bimonthly official short interest reports are generated; this is the best there is) have shown that for the last five days, more than 50% of shares sold have been sold short: + +[http://regsho.finra.org/CNMSshvol20210202.txt](http://regsho.finra.org/CNMSshvol20210202.txt) (search GME; see also [2/1](http://regsho.finra.org/CNMSshvol20210201.txt), [1/29](http://regsho.finra.org/CNMSshvol20210129.txt), [1/28](http://regsho.finra.org/CNMSshvol20210128.txt), [1/27](http://regsho.finra.org/CNMSshvol20210127.txt)) + +[https://nakedshortreport.com/company/GME](https://nakedshortreport.com/company/GME) (pretty plot, though the data are slightly different from the official data given in the links above; both sources confirm that short volume has been > 50% total volume over the last five days, including today) + +As an aside, according to that second website, ["if you see more than 20% of your overall volume initiated short on a daily basis... you may be under \[a naked short\] attack."](https://nakedshortreport.com/how-to-detect-short-trades) SEC, a little help, please? + +In any case, the day before Robinhood and other brokers instituted the restriction on GME share and option buying was the last day that more than ***50%*** of *all GME shares sold* were not sold short. Shorts have been going in even harder on their shorting while they know buying is difficult for us. We win if we hold. + +This is pretty definitive that shorts are causing the current crash, and they definitely haven't covered when doing so. It's mathematically impossible for shorts to cover if more than 50% of all shares sold in a day were sold short. Shorts are instead continuing to double down. GME will eventually rise, especially if Cohen and friends give some good news anytime soon (e.g., official company roadmap released, Cohen and friends buying the remaining shares they can, etc.). It will rise regardless of good news because shorts don't want to pay interest forever if a stock trades sideways. And as soon as all of us can buy an unlimited amount again, we can squeeze them once again. + +I've shared FINRA data on here before and gotten some questions which have at this point become predictable, so I'm going to answer them below. + +# Couldn't shorts open their position and cover by the end of the day? + +No, because more than 50% of all shares were sold short, there were not enough shares for them to cover the shares they sold short even if every single share purchased other than a short share today was sold from a long to a short. It's mathematically impossible. They had to add at least around 10% of the total volume each of the last five days to their short position (most days had about 55% of shares sold short (some even more), and 100 - 55 = 45% not sold short; 55 - 45 = 10% more shares sold short than shares sold long). And I know that I bought more over each of the last few days, as did you glorious autists, so it was probably more than 10% of the total volume they were adding per day for each of the last five days. + +# The total volume from those websites is less than the day's volume that my broker or another site tells me was traded + +Yes, that's because FINRA only records data from specific markets/exchanges, not all of them. Although the total volume is less than what is sold over the entire market, the *ratio* of short sales to total shares sold is representative of the entire market, because they pull from the biggest exchanges. As mentioned above, FINRA is also the highest quality short data; the official bimonthly short data that is published is by FINRA pulling from these same data. These data are accurate. + +&#x200B; + +Edit to add: I am not a financial analyst and this is not financial advice. Make up your own mind about everything. Also, I am long GME. + +**Edit 2/3/21**: Short volume was over 50% of total volume today too. Hold, beautiful retards, hold. 💎 👐 + +**Edit 2/4/21**: Short volume was again over 50% of total volume today. Hold, beautiful retards, hold. 💎👐 + +**TLDR:** Shorts have added a retardedly large amount of new short positions over the last five days. Keep holding, don't sell, and when you can buy more buy more. **GME to fucking Orion's belt 🚀🚀🚀🚀🚀** +Some big companies are down 30% from 3m highs...Apple, amazon, etc.. is now a good time to buy? + +I know bear is coming but will these stocks really drop much Lower? +My wife and I are in the process of buying a home, and we very nearly lost a good chunk of money to an email scam. + + +We received an email from our real estate attorney asking us to wire the money for our closing costs so they can put it in escrow, as well as an email from our real estate agent asking us to send the money. Both emails made it clear that it was important that we send the money today, or our closing would be at risk. + + +This raised some red flags with us because we hadn't received our closing disclosure document yet so we had no idea what our exact closing costs would be, and we were told previously that we wouldn't need the money until closer to closing (we're about a week out). + + +So my wife called our real estate agent to ask what was going on, who told us that she hadn't sent us any emails today. Upon further review, we discovered that while the email names and signatures matched, the addresses did not. The law firm email is abcdlaw.com, but this email came from abcdllaw.com. + + +What we suspect happened is that our information was hacked and stolen from the title company. They then had our address, names, and the names, firms, addresses, and mannerisms of our attorney and agent. + + +Lessons for everyone: +1) Be skeptical with money, especially when buying a house. If something seems off, don't hesitate to confirm, preferably by phone, with multiple parties + +2) Don't wire money all willy-nilly. Your bank and law firm will almost certainly not transmit wiring information by email. They will use something (marginally) more secure like DocuSign. + +3) Talk with the experts you're paying good money to have on your side ahead of time so you know what you should be expecting and when. If something happens that doesn't match what they told you, call to confirm. + + +Not our story, but a similar one: + +http://abc7chicago.com/realestate/wired-away-couple-loses-life-savings-during-home-purchase/2630496/ + + +Hope this helps someone else avoid tragedy when buying a house. Home buying is stressful enough as is. + +This is just of course a rough calculation. + +According to DRSbot, there are 1,720,934 shares locked. BY ONLY 10889 apes. Thats \~4.5 of the free float.This is incredibly bullish! + +Just a quick math: + +The free float is 38,531,463. Roughly 4.5% is locked only by 10889 apes. Superstonk has 730k members. Not everyone posting their DRS-d shares, not everyone got their mail yet (euroapes), and not everyone is on Superstonk. + +Assuming every 3rd person on Superstonk is real (the others are shills/bots/whatsoever) that gives us 200k shareholder apes in superstonk. + +Assuming every second person is DRS-ing, that is 19228607 shares DRS-ed, which is 49.9% of the free float. + +You see why is it important to stop being a bystander? We need Everyone, not only every second person to reach 100%. + +&#x200B; + +Edit: I realized that I didn't post this yet, so here I go with my small contribution. LFG!! + +https://preview.redd.it/7k1blyiy54f81.jpg?width=3984&format=pjpg&auto=webp&s=bd6d1831c069fb800382a360c5a3641396439641 +Background: +28 years old, I currently make 80K/year, drive 1.10 to 1.5 hrs (50 miles) one way each day. I wake up at 5 to 5:30 am and don't get home until 6 to 7 pm everyday. I work non-stop with no breaks, skipping lunch, walking from meeting to meeting,etc. It just sucks and I don't even feel this is not my final career path (working in manufacturing). My wife also makes 80K/yr + +Financial Situation: My wife and I currently have a net worth of ~240K. This is split out ~100K cash and ~140K in investments (retirement). We have no debt, just expenses (~2000$/mo) on rent, food, etc. We have a upcoming wedding (20-30K) but expect a huge windfall from parents/relatives and cash gifts which would probably cancel out the wedding costs and have leftover cash + + +What's holding me back: Of course if I switch careers I'll start at entry level pay, so maybe 60K-65K?, also potentially losing my contribution to "after-tax" availability if I leave. Also medical,dental, etc. benefits and a 3000$ pension.... + +EDIT1: Wow didn't expect this to blow up. In case anyone was wondering, I live in NJ and rent is 1600$/mo. for 1 bed/1bath. + +As for Wedding Costs: + +5K = 2-3 rental, sets of wedding clothing for my wife and I, 1 rental set for 3 groomsmens/bridesmaids, 2 full day photo shoots, 8 hour limo, 8 hour for two photographers, one videographers + +10K = 1000$ per table (sits up to 10 ppl/table), 10 asian cuisine dishes, expecting ~100 people. It's hosted at an asian restaurant so the "venue" is technically the tables + + +~7K-10K = 1K tips, 1K alcohol, 1K came and gifts/prizes, 2K in decoration, 2K for MC/DJ + +GRAND TOTAL: ~22K + +As for wedding costs, typically asian people bring cash gifts (I don't expect) but this would definitely help negate much of the initial costs. Close relatives may typically give $$$ thousands usually... but again I don't "expect" anything. Trust me, I rather NOT having a wedding and do a nice restaurant but we're both chinese, and thus her traditional parents expects us to go through this...this wedding is in brooklyn, nyc + + +So my wife and I just inherited a 400-500 thousand dollar property from her Grandfather. We were not expecting this and neither was her family. In a perfect world we would sell our current house, add the profit to our retirement fund/college funds for our kids and move into her grandpa's house. My wife's parents were anticipating to live in this property after he passed and asked us to give it to them. I know this is unreasonable and I'm not planning on doing this but I don't want to completely ruin our fairly good relationship with them. + +We don't need this money right now, but we don't want to just completely give it up. I had an idea to lease the property to them for 1$ a year until their death, and write up a contract stating they are responsible for taxes, utilities, insurance, and upkeep. My wife and I are both ok with this compromise; her parents would have a place to live and we wouldn't have to split her inheritance with her siblings upon her parents death. I'd like to get advice as to whether this is possible, whether or not we're missing anything, or there's another idea out there that would get us a similar result. +1. don't hate and only answer if you want, no need to comment if you have nothing valuable to say +2. if you want, share what asset class you trade +3. which algos and which strategy u using +4. how much u trade on a daily basis and per trade +5. (UPDATED) feel free to share your platform and broker. +Hello AT, + +I've been playing with my own trading scripts for about a year and a half now and I finally figured out my last hurdles to get my bot to start making gains on back testing. The back testing looked phenomenal, but my main trading buddy has remained nothing but a skeptical devil's advocate. I finally decided it is time to let it play with a small pot and see what it does and some very interesting things happened (friend challenged me to put my money where my mouth is) + +1. The bot actually pulls off the entries/exits EXACTLY as the back-testing indicated down to the penny. + +2. Its been steadily increasing its pot through automated trades with almost 0 losses. The executed trades over the past week and a half have ranged from -0.25% to +29.8% with trades currently averaging 9%. + +3. My devil's advocate buddy isn't skeptical anymore. + +My questions to this subreddit are: + +1. How long do you let an ALGO typically run hands off before upping your investment into it? Especially when the bot performs exactly as the back testing indicates. + +2. What sources can I use to learn about calculating liquidity in a market? I'm concerned upping the investment for its entries/exits will start to cause issues on some of the smaller cap markets. + +3. Is there anything else I should start looking into now that will bite me sooner than later? + +Thank you + + +[Announcement](https://help.stockpile.com/en/articles/6311446-stockpile-transitioning-to-paid-membership?utm_source=vero&utm_medium=email&utm_content=control&utm_campaign=Membership%20Announcement%20-%20Individuals%20&utm_term=Newsletter&vero_id=pavan.nyama%40gmail.com&vero_conv=_I83reVo7MVoQXXFSjoSMawVVJU-ZRZ9Gj9cXK9D7nOh0XcgZfU7xODP7tUyEpKD4ngB2UMnLIR5MR290S5yWSFdNxC-oMRBwoc%3D) + +A bit scummy in that Stockpile is auto-opting people into the subscription and you have no way of preventing it aside from talking to customer service who are slammed right now. +We are now at the two-year mark since the Pandemic started. So, why not brag about your best buy during March/April 2020? + +Ticker: TD +Date: April 22, 2020 +Purchase Price: $54.75/share +Current Value: $101.85/share +Dividends: $4.84 + +Total Return: 95% + +What was your best buy during that time? + +&#x200B; + +Total Return Calc: (101.85 + 4.84 - 54.75) / 54.75 +There is no doubt that Caroline Ellison (ex CEO of Alamede Research, the trading firm founded by Sam Bankman-Fried) is a criminal. She helped orchestrate a fraud that led to the loss of billions of dollars of customers and investors. Given how many people Caroline Ellison hurt, I totally understand that people despise her and that many of those that lost money due to Caroline's actions even hate her. I also hope she pays and goes to jail and lost money due to her actions (indirectly). + +What I do not like, however, is that many people here are judging/insulting her based on how she looks. Some posts are attempts at humor: + +https://preview.redd.it/wt3vbd56xt7a1.png?width=871&format=png&auto=webp&s=6e51730a6591a74ce4d2d1c2b64eec3d5b443036 + +... but a lot of them are also just blatant hatred towards her looks without any other content. This has been happening for almost two months now. A few recent examples: + +https://preview.redd.it/no32metv9t7a1.png?width=869&format=png&auto=webp&s=a92fd7cf9ab0a748f058d80ca47fb026a89daf14 + +https://preview.redd.it/tqglb7aw9t7a1.png?width=869&format=png&auto=webp&s=63f0d9360ff7585d0425d7acb86e7e15f51d2dd7 + +https://preview.redd.it/53c2bx0x9t7a1.png?width=873&format=png&auto=webp&s=fd71a26cebed24b7f2b9fa299849c866c2139327 + +It makes me wonder whether she would get the same treatment if she were male, knowing that women in general are judged on their appearence more than men (yes, science confirms this). Or in other words, whether this is a case of sexism/misoginy. Sam isnt exactly the most attractive human being either and I dont see similar comments made to him. + +But I also do not really care of the gender issue in that I simply perceive everyone as the same, regardless of gender. So, much more important: I hope that we can condemn her based on her behavior and actions rather than her appearance. Sam and Caroline are despicable human beings and should pay for what they have done. + +**EDIT: I did not write this in defense of Caroline. I dont care about her one bit and want to see her get punished. Its more for the quality of this sub, for women and society in general (because this unnecessary focus on looks does a lot of damage), and because I would prefer to see a focus on her evil acts. I also know -of course- that men get ridiculed for appearance too and condemn that all the same.** +I was contemplating posting but I hope someone might benefit from this as I have from this subreddit, I have read a few posts with similar stories and they have kept me going when things got a little shaky. + +Started Gambling at 17/18 – I had an apprentice job and for my age it was a decent salary. Safe to say I did not know the value of money and was led into the bookies by someone I knew, that’s how it all started, it was always the roulette machine for me. I stopped going with the person who introduced me and started going by myself. I was trapped for 9 years, in the ever-vicious cycle of gambling. I’ve had highs and low lows, In the last 3 years, it escalated from bookies to Casino, more of a rush and higher risks. Towards the end of 2017 I made a silly amount in one night 5 figures(casino), close to what I made in a year around £30k. And Lost it in a space of two weeks my whole life revolved around gambling, the best I managed to do by then was stay away for 3 months, but after I had a bit of savings I thought yes, I had it under control and would go back only to spiral out of control and loose it all again this happened several times. I had payday loans, credit cards, and a bank loan. I defaulted and my credit score ended up really bad. + +My total debt was around £20k. I joined step change, around 2017 and set up regular payments, which was meant to be affordable for me, I didn’t stick with it and I flaked a few times, needing to restart my DMP with Step-Change (debt management plan). In the last two years however I stuck it out, I had some gambling incidents, but going from gambling every pay day to only twice a year is a significant improvement in my eyes. The amounts I played increased every time and I felt I needed to play larger amounts. I am 27 Now, and I cleared my last debt this month, next month I will be paid and I don’t have any debts for the first time in 9 years it feels a little strange and surreal. (exception paying for a web-development course) + +Gambling for me, kept me in a mental trap, I felt powerless once I was in its embrace. The debt was like an anchor holding me captive surrounded by guilt and shame. + +I am looking to change careers, into tech (web-development) to start with, mostly self-thought. I Still feel I need to get to better grips with money at times I feel guilty/un-comfortable spending money. As in the past all I used to do was spend it on gambling without hesitation. + +Next steps, save for emergency fund 3-6 months, then save for mortgage (LISA) + +I enjoy hiking and exploring new places so I will look to add one new place a month. + +Thanks to my Family and friends who supported me throughout. + +This site has also been really helpful https://debtcamel.co.uk/ + +I do have a few questions, how do you spend without feeling guilty about your purchase. + +How do you combat the idea you need to make up for all those lost years, I am trying to avoid saving really hard and being frugal i need to find the balance. + +Lastly Thank in advance for any advice. +EDIT: Ages 16-24 only. + +[Here](http://www.jobcorps.gov/Home.aspx) is the main page and [here](http://recruiting.jobcorps.gov/en/benefits/careers.aspx) is a list of careers. They will also help you complete your GED. + +Shoutout to [this thread](http://www.reddit.com/r/raisedbynarcissists/comments/2nuf7h/found_one_possible_way_young_people_can_escape/) in [r/raisedbynarcissists](http://www.reddit.com/r/raisedbynarcissists/). +Let me begin with, my grant is already fully exercised. This question pertains more to the experience of being employed at the company when the ribbon is cut. + +Our company has been on track for years, and should have gone public in 2020, but then the pandemic broke our timeline. Now the execs are fuzzy on dates, suggesting likely quarters. I'm guessing it will be Q3 in 2021, but who can say. + +I'm tired of the company, I want to move on, but I've been with them 5+ years, so just a few more months might make this once-in-a-lifetime experience worth it. Not knowing the exact date makes it harder. + +Can anyone offer insights? Did you experience an IPO? Was it memorable, exciting, worth the ride? Or possibly did you quit prior to the IPO, and wish you'd still been working there when the Nasdaq first listed your ticker? + +(Is this the right subreddit for such a question?) +I'm a year away from graduating with a degree in software engineering from a reputable university, with an internship under my belt. However I've recently been dismayed with my earning potential. + +&#x200B; + +The 90th percentile for software developers with 10 years of experience is only $139,473. It seems a little unlikely for an engineer to pull in over 200k a year, let alone over 300k. + +&#x200B; + +The entry level wages for a salesperson are a lot lower than those for software engineers, but over time the cap for a salesperson seems much higher (the top 1% salespersons in a saas company is making 1M a year, the top 1% of software engineers at google are making 500K). + +&#x200B; + +Additionally, the only feasible way to earn over 300K as a Software Engineer would be to work at a FAANG, which requires you to live in an extremely high cost of living area. I imagine a good salesperson could earn a high salary anywhere in the world. + +Looking for input from people with experience in the software and sales industries. I'm considering trying to use my Comp Sci degree to leverage a sales engineer position and see where things go from there. +Was told by some people to make this it's own topic so here we go I expanded a bit. Not financial advice, just speculation of how I look at things at the moment. If I misremembered or got some technical detail wrong let me know. + +[Original Comment Here](https://www.reddit.com/r/Superstonk/comments/wdmswh/seems_entirely_possible_that_the_dtcc_has_gone/iijhc43/?context=3) + + + + +My theory based on how much fuckery Wall Street will do is those shares were internalized by the DTCC to cover their own personal losses and by that I mean high ranking people at the DTCC who have ties to certain brokers like Apex and the "regulator " FINRA who also is involved with the routing of certain trades. As for a source of the trades being routed through FINRA there was a post about it months back of someone going through the trade data and saw the code matched up with them but forgot to save it. If anybody knows what post that was it would be appreciated. + +Seriously we need to look at their leadership ties and see what changes have occurred that we might have missed to narrow this fuckery down more. https://www.dtcc.com/about + +A DM I received by /u/Daddy_Silverback that adds to my theory + +"not enough karma to comment in ss but I saw your theory about leadership at dtcc. IMO this is 1000% what is happening as a last resort to buy more time and Michael Bodson (CEO of DTCC/NSCC/FICC) is being used to sweep it under the rug. He announced a few months ago that he was stepping down/retiring. If you look at the DTCC website, that hasn't happened yet. It makes it clear that he is staying to temporarily oversee the transition period for his replacement (I forget his name, it is listed as CEO-elect on the website). IMO they knew they were fucked with the dividend so the c-suite leadership team (which if you read the DTCC rulebook, they call the shots in emergency situations including impending default) decided to 'accidentally' process it as a split and not dividend. Then when people realize they fucked up it gets pinned on michael bodson but by that point he will have retired and finished the transition. I'm very curious to see when he steps down fully and whether that will happen in the next few weeks (or even if we will know). takes off tinfoil lmao" + +"Also i think David Inggs (literally still works at citadel while working at DTC) was going to step down around the same time. that man is incredibly sus and also still shows up on their leadership team page." + +Looked into the new President elect of the DTCC Frank La Salla and found this short three question interview. + +Info on when he is taking over + +"Frank La Salla will assume the position of President and Chief Executive Officer (CEO) of DTCC effective August 12" + +https://www.dtcc.com/dtcc-connection/articles/2022/april/25/meet-our-new-ceo-three-questions-with-frank-la-salla + +German bank connection + +"Prior to joining BNY Mellon, La Salla was CEO of BHF Securities Corporation, the U.S. broker-dealer subsidiary of Germany’s BHF Bank AG" + +My interpretation of the answers he gave for each question + + +"**What excites you most about being named President & CEO of DTCC?** + +DTCC is one of the most critical organizations in financial services because of the role it plays in safeguarding the global markets and promoting financial stability. I’m most excited for the opportunity to partner with an outstanding group of colleagues and clients to develop and advance new ideas and innovative solutions that strengthen the industry and bring greater efficiency, transparency, and resilience to the marketplace.” + +Translation + +We are too big to fail. We are all in an absolutely shit situation due to our own greed and the PR nightmare that we had to deal with in late January of 2021 will be nothing compared to what will follow. We will have to collude even harder to change public sentiment about what we do by giving them the illusion that things will change but will ensure backdoor channels in our systems to keep business as usual. + + +"**What message would you like to send to DTCC clients and stakeholders?** + +I’m committed to building upon DTCC’s strong reputation for advancing key industry issues and initiatives and partnering with our clients and stakeholders to address the complex challenges they face. As someone who has relied upon DTCC as a strategic partner for many years, I will bring a unique perspective to these matters and will work with industry stakeholders to further enhance the collaborative relationships we have and seek to identify and unlock opportunities to deliver greater value for your respective organizations and the industry overall.” + +Translation + +We will use our political influences and what remains of our reputation to lobby for initiatives that gives us little to no accountability for this financial disaster that has created systemic risk for all parties involved. I relied upon the DTCC to hide crimes in the past and from my experiences will add new twists to these crimes to ensure our continued survival. We will be working with those entities who are currently stuck holding this bag of dog shit by finding ways to get this off our books. So that not only will these other crime syndicates survive but all of Wall Street can continue it’s game by maximizing our returns just like we did with all those credit default swaps and those shitty MBS’s we pushed on unsuspecting buyers to save ourselves in 2008. + + + + +"**Can you explain how your background prepared you for the role of CEO?** + +I’ve focused a large part of my career in finance on securities servicing, and in virtually every role I’ve held, DTCC has acted as a strategic partner to support the success of my business. At the same time, I bring a global perspective and unique set of experiences to the organization, including a client view, which will help us grow our role as a trusted partner and advisor. My background will enable me to further strengthen the firm’s efforts to identify industry needs and work collaboratively with our stakeholders to solve these challenges while continuing to drive innovation.” + + Translation + +I spent a lot of my time at my job not buying the underlying assets and writing as many IOU’s as possible while eating the small fines for FTD’s as necessary and the DTCC was there to ensure our racket remained successful. I've done this on a global scale which is exactly what we need since this is not contained solely in the US. I can take advantage of people’s trust in my experience to have them hold the bag while the US markets are kept exploitable by us and those indebted to us through the accumulation of dirt we have on them. Blockchain may make it difficult to exploit/hide crime but like what the definition of a recession is all we have to do is change what words mean to keep the public from prying in too deeply into what we do. + +I think what GameStop did was the boxing equivalent of a strong jab. They wanted to test how the DTCC would react and the DTCC “shelled up” meaning it closed it’s guard by holding on to the issued shares by their transfer agent computer share for this own. Now that GameStop knows how the DTCC reacts it can use that and other accumulated data to deliver a more effective strike. I think the idea of a crypto dividend that has been mentioned numerous time is what opens their guard. The finisher is what I await to see and if the GMERICA spinoff company is that finisher this will be the knockout of the century. + +TL:DR Buy Hold and DRS helps people have a seat for the greatest David vs Goliath match we have ever seen. + +[Original Comment Here](https://www.reddit.com/r/Superstonk/comments/wdmswh/seems_entirely_possible_that_the_dtcc_has_gone/iijhc43/?context=3) + +**Edit** + +Spelling +Hi, + +Someone has already analyze the difference between investing in an All-in-one ETF vs World Index ETF, as the only investment and for the long term (+20 years). + +I don't like the overweighted part of Canadian Stock (home bias) in VEQT. Specifically when we have our job and house based on the Canada economy. + +Are we better to invest in an Index that track the World Economy ? + +Fees and performance are similar on the short term, but tracking the world economy seems to better fit a long term goal than a home bias all-in-one ETF. + +Which one will be more adapted to the economy in 5, 10, or 15 years ? + +All-in-one ETF : VEQT or XEQT + +World Index ETF : VXC or XAW (ACWI : USD version) +Hi everyone, could someone please tell me if I should keep my Group RRSP and TFSA with Canada Life (through our group plan) if my personal rate of return last year was 12.73% with a .5% MER? Or should I transfer everything to a robo advisor like Questrade? I have balanced portfolios for both my RRSP and TFSA in line with my age. I've been watching a ton of "A Canadian in a T-Shirt, and Brandon Beavis, but I'm afraid I still can't figure out if I have my investments in the right place. I'm really just learning and hoping to find out if I can do better with Wealthsimple or Questrade. Thanks. +22 yr old here. As many of you know, buying SCHD in TFSA is subject to a 15% withholding tax. I know that by buying SCHD in an RRSP gets around this. But for someone that wants a passive income dividend TFSA prior to retirement, is there an ETF that tracks dividend aristocrats in the USA that is listed on a Canadian exchange? + +&#x200B; + +Cheers +Taking some losses with the dip (as expected) but was wondering when you guys think a decent time to buy would be. personally imo it'll keep trending downwards for at least a few weeks. +Well that EOD rally fucked me in the ass. How’s it going everyone, as always, I hope all of you make tendies this week. Bulls and bears alike, but now it’s time to collect the debts. + +# BAN + +1. u/24058025480548 gets banned for calling DOW +500 on Monday. +2. u/choose_a_use gets banned for predicting a Fed statement on March 12 +3. u/Mettatoogan gets banned for predicting that Monday will be ended green. +4. u/Rum114 gets banned because I didn’t see boob. (It’s complicated) + +# DEBTS + +5) u/TrenAndOptions will have a vasectomy as Friday ended green. + +6) u/arcangeltx needs to paint hidden mickeys throughout his house as Disney drops between 95 on Friday. + +7) u/ofmachines- needs to lick his butt as Monday opened green. + +8) u/drewthegoat3 needs to eat toothpaste out of his girlfriend’s ass as March 11 ended red. + +# PRIVATE DEBTS + +These are the ones between two individuals + +~~9) u/mrbillsonsdad gets to knock u/acos12 the fuck out~~ Settled + +# ON-GOING + +10) u/brk1sb betted his life on SPY reaching 240 by 3/31. + +11) u/duhpolan’s friend will eat his pubes if SPY reaches 220 by 3/20, I’ll assume he is responsible for upkeeping this promise since we can’t ban his friend. + +12) u/Dimeskis will donate 10% of the money he made from March 13 to 18 to the [WSB charity stream](https://www.reddit.com/r/wallstreetbets/comments/fhh5rs/the_wsb_charity_live_stream_for_autism_wednesday/). + +13) u/tallenuk will eat his own shit if AMD drops below 20 by 3/27. + +~~14) u/1poundbookingfee will pay u/RameeSumrein $100 if monday opens green, else we get to pick the punishment. (Not confirmed yet since u/RameeSumrein hasn’t show up to agree to the terms.)~~ Cancelled cuz u/RameeSumrein got banned instead + +# SHOUTOUTS + +15) u/focusedddd for being a bro and donated to charity + +I think that’s all for this week, if you see anyone making stupid promises feel free to ping/pm me about it. +Hi guys 👋 Newbie here, excited to be part of this community! + +Wanted to get your thoughts around this "Buy Now Pay Later" wave that blew up in the last year or so. For context, I myself grew up in a lower-income family that was financially illiterate and always in debt (terrible spending habits, no planning for future... ). As an adult I went through my own debt freedom journey and ended up working on Wall Street at a very high profile financial institution. + +I'm a bit of a fintech geek and love following trends in this space. Lately, one of the trends that's been pissing me off is the "Buy Now Pay Later" wave (think Affirm, Klarna, Afterpay etc.) - **the way these companies have been marketing and positioning this type of "financing" totally screams predatory lending but is just packaged in a cooler, more deceiving format- essentially they're promoting buying things now that you can't afford and often reeling people in with "0% APR for X months".** + +I'm curious what people in this group think of this? Do you see any positive impact to the personal finance space? Helpful to hear if you've used any of these before, would love to hear about your experience! +Earnings on Wednesday after close. Premiums are astronomical right now. + +Opened two 990/2200 Iron Condors for $250 credit and $5000 collateral each. + +Currently you can get about $300 credit for the same trade. I ordered to open 1 more for $400 credit, lets see if I can get it. + +The theta on these options is more than half of the premium so they should in theory get destroyed after earnings regardless of TSLA's report. + +TSLA would have to move +/- 37% by Friday in order for me to lose this trade. Probability of success is 96% according to ToS. + +**Edit**: Had a lot of fun discussing this play with you guys today! I think every one of you guys had concerns about the risk, rightfully so. TSLA is definitely one to fear. I’ll be monitoring it closely but I still have confidence that I made a good high percentage play. + +I’ll update tomorrow in case anyone cares lol + +**Edit** 7/21 6:49am: Closed 1 position for $178 + +**Edit** 7/22 7:05am: Closed the other position at $150 #thetagang I guess? + +**CONCLUSION**: don't open trades that scare you even if its high probability, the anxiety isn't worth $500 lol. If you're confident don't let others psyche you out. Too much doubt crept in that TSLA would somehow jump $600 in 2 days LOL. That's why I closed these early. No stress though. I think I will open a few credit spreads near closing time that are even further OTM. It's crazy how much premium is on the contracts in the 2500+ range lol. +Was watching a [video](https://youtu.be/r_rKof8IdfU) about spellings puts and the creator noted it was a good idea to sell out contracts during times of high volatility because premiums are inflated and IV crush works in your favor. Is this true? + +Would selling puts directly after earnings be a good idea for better % return on collateral? I know it’s a case by case basis but anyone have insight/experience with this? +9-5 people, perhaps not living paycheck to paycheck, but someone who's not more than half a year of unemployment away from having their life turned on its head - These people are not going to get much better off by working, nor by saving money in the bank. They don't have wealthy relatives so there's no large inheritance coming their way and they definitely don't have the money for a downpayment on a permanent residence of their own. + +These individuals know this. + +So they put a little money into crypto, hoping to make it grow a bit, hoping to take charge a bit. This is money they've already been taxed on. It is a risky endeavor but they're assuming all the risk. It happens that they grow their $2000 worth of crypto into $5000 worth of crypto and they're ecstatic! - but here comes the government, it needs a cut. + +Why? Why now? Have they not already paid taxes on this money? The government assumed no risk. The money is still in crypto. Those $5000 can turn to $500 in a hurry. What happens then? Can they deduct it? Maybe, it depends on where you live. At best you can deduct only a small percentage of your loss each year. + +So, they have to pay taxes on the money they've made from the money they had already paid taxes on, even if they still risk losing all of it (+ taxes now). + +\-- + +If the government must tax crypto gains they had no stake in, make it happen ONLY when the gains go back to fiat or when they're exchanged into some other real-world asset like a car. + +Until then, it is play money, an unrealized gain (or loss) that the government has no business putting their noses in. Poker chips that have not yet been exchanged for cash. + +Sure, as India did, remove their ability to deduct anything. It's fine. As long as you don't try to tax their unrealized gains. Or do something stupid like taxing transactions... + +&#x200B; + +Edit - I know they only pay taxes on their gains, not their initial. +I have no idea what this "legal order" could be. So I'm looking for advice. From some research online it sounds like if this legal order was legitimately my fault then I should have been contacted by the irs or a court. I'm hoping its a mistake. + +In the mean time my checking account is at 0 dollars and I have bills to pay. I called and they said they can't tell me anything about it until their legal department opens on Monday. I'm a bit scared of moving money into the account because the levy that caused the legal order may be much higher than what was taken. Again I have no idea what caused it. + +My plan is to open up an account at a local credit union and start moving money in there (really not happy to have to sell stocks at this time). + +Does anyone have advice or experience with something like this? + + +UPDATE: It was virginia taxes that they thought I owed from after I moved out of the state that should be sorted out. Clarity is nice. Timing sucks. + +Moral of the story:. When you move out of a state (especially to a state without income tax) update ALL your financial accounts asap, or the federal irs might report your income to that state. +The Stock Market looks like a nice buy, especially if it drops a little more. Anyone thinking of selling their properties to buy stocks? Housing still at record highs so from a perspective of how many shares of the SP500 you can buy with your property if you sell it, you're getting quite the steal! +Want to buy a place which needs work, Using primary Home mortgage ( 10% down) , The repairs will take 6 months. I plan on living there during the repairs and once done i want to get out of the house and rent it. Possible ? Good idea ? bad idea? +EDIT: This isn't a real example, this isn't a property im working on, this is just an example to make life easier with easy numbers + + +I understand the BRRRR model, buy a fixer, downpayment 20% down, fix the house, reappraise it, cash out refi, repeat. The thing I dont understand is this simply. Lets say I buy a house for 100k, with 20% down, and i invest 30k to reno the property, im now in with my own money of 50k. I get the house reappraised and it sits at 220k, I cash out refi at 80% and Im able to pull out 176k. + +So sure, I understand that with that 176k im able to cover all my costs, the 50k downpayment & reno, but I still owe 80k on the mortgage, and this is where I get lost, if I owe 80k, how am I able to do a cash out refi on top of that? is the refi replacing the 80k for what the new appraised value is? If thats the case then am I able to pay off the existing mortgage with the cash out refinance? +Just curious what everyone is doing. Market is down like 10% over however many months. Experts are expecting 6-12 months to see final correction. Interest isn’t changing for the better. My credit isn’t good enough to BRRR as exit strategy. I just finished a creatively financed flip, it will profit, cuz it was a unicorn. I’m new to the money side of things (only two houses flipped, used creative financing for both). How are flippers changing their numbers to match the market, and do you think it’s a good idea to keep flipping, or wait til market settles down a bit? + +My next house would be with hard money. I’m talking to out if state landlords and they all seem to think they are sitting on gold. Wholesalers (the one in the area) seems like he’s trying to sell for retail prices. I don’t think I could even get a hard money lender to approve a deal at this point. +Im gonna be in the navy for 6 years. Is it advisable to save up as much money as I can. So once I get out i can start buying houses with a va loan, live in it for a year then refinance it when I want to buy another house? Or should I buy a house in every city I get stationed at? +So profit is my primary motive, but I like to do good. I'm invested in an area with lots of triplexes and its low income. + +I'm trying to think of a way to sell out (or maybe a rent-to-own scheme) to a "good" tenant who aspires to be a landlord. Then use the proceeds to buyout a "problem" property and repeat the process. Overtime, change the neighborhood to a large amount of absentee landlords and into a neighborhood of owner occupancy. + +Pie in the sky I know but the idea sounds cool to me. I'm probably older than a lot of you so I guess that's my headspace. + +As for me, I used to own two triplexes, had a liquidity issue had sold one for a large profit. Current triplex is in good condition. I have a good manager that I trust. + +Can someone help flesh out my idea? + +Is this just another boneheaded idea? + +Thanks! +Background: I'm a rising senior in college. I've been using a stock market simulator app to feel out the market since my senior year in high school. I've used a very simple strategy that has more than doubled my starting funds. + +I simply look at a website that grades stocks based on predicted returns. Then I buy 4 of the highest rated stocks in different industries, dividing my bankroll by 4. I wait for my portfolio to increase by around 5%, then I sell and repeat. + +If my portfolio hasn't increased in 3-5 months, I'll also sell and start over. + +I'm aware that this has happened during a really strong upswing in the market, and that decisions are a lot easier to make when you're dealing with fake money. But say I maintain this strategy when I start to acquire some capital after graduation - maybe increasing to 8 stocks instead of 4. + +Would it be wise to continue using this strategy given my past success, or would it be smarter to get a standard Vanguard account? + +Here is a graph of my portfolio. The large upswing and downswing were glitches in the app that corrected themselves after a few days. + +http://m.imgur.com/gallery/PqYzLZ7 + +We would normally sell our vehicles via Craigslist for what we feel is the best deal. But if the international move happens, we won't have time to sell it ourselves. I was wondering what the next best option is. We had one car quoted in the past from CarMax. I understand their business model in that they need to underbid to make a profit, but the amount offered seemed extremely low compared to the KBB price. What are good options for getting rid of cars quickly and getting a fair price? + +Edit: Vehicles are 2011 Nissan Leaf, 2013 Chevy Volt, and 2015 Chevy Silverado Duramax. + +Edit2: I may have up to about 4 weeks notice, but I'm envisioning I'll be pretty occupied with multiple activities at that time that go with packing, moving, selling a home, etc. +Got a job offer with 401k match. Can someone explain to my like I m 5. If I maximize my 401k, how much will my company contribute? + + +My company “matches 100% up to 3% and 50% on your 4th and 5th contribution to both your pre-tax and/or Roth elective contributions and the match is immediately vested.” + + +TIA +Good afternoon my fellow autists, + +Wanted to put out a quick update to you all with today's largest options trades for GME. Shown in the image below. + +[GME Biggest Trades 4-8-2021](https://preview.redd.it/l89szr0br0s61.jpg?width=1220&format=pjpg&auto=webp&s=1459b550806b9371a5294172a2b1e32a650901fb) + +As you can see, not a single large trade came out of the PHLX exchange meaning that its very likely these DEEP ITM calls were left totally untouched today. We will continue to monitor the situation to fully understand the impacts of the implementation of DTC 005 and its impact on our beloved GME. + +Keeping this one brief today but feel free to fire away any questions you have in the comments and I will try to get to as many as I can. + +Since a lot of people have been asking: New DTCC rule basically enables a tracking system so they can only use this method once more and then the shares will be tracked and they wont be able to use the same method on the already tagged shares. + +u/dan_bren out + +* Which bank do you recommend for savings account or fixed deposits? +* How is your experience with wealth management services? Discuss your experience with Citigold/CitiPriority, Kotak Privy League, db WealthPro, Axis Burgundy, ICICI Bank Wealth Management etc. +* What bank offers the best foreign exchange 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 housing loan get approved on time? Were you required to purchase additional products (like insurance) to avail a loan? + +You can ask for a general review of a particular product or service that you are researching - "Is bank X good? Is it recommended for basic services no-frills accounts?", but please avoid asking for personal advice. The discussion is for consumption by a broader audience. For advice regarding your personal situation (like "I am Sharmaji ka beta, and 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. + +Previous [Links](https://www.reddit.com/r/IndiaInvestments/search?q=flair_name%3A%22Reviews%22%20Reviews%20of%20banking%20services%20and%20products&restrict_sr=1&sort=new) +With the 1) Implementation of BS-6 ethanol fuel based engines from April. + +2) The govt also announcing a sugar subsidy for mills + +3) And the New York Raw Sugar declaring 2020 to be a global sugar deficit year. (2019 was supposedly a surplus year) + +Which sugar company in your opinion is most poised to take advantage of the above scenario? +So I'm a salaried employee on 18k a year with a contract of 40 hours a week. Which means I earn £8.65 per hour which is fine. + +The problem is that during a certain week when things get busier it is "expected of me" to work an extra 30 minutes per day. So for this specific week I end up working 42.5 hours which equates to £8.14 per hour which is under my minimum wage. + +In my contract the only clause about overtime is that it must be authorized by my manager and upon trying to look up laws and rights online I couldn't figure out if what my company is doing is fine or if I should be getting paid for the overtime. + +I apologise if this is the wrong subreddit for this, please let me know if it is. +The people who were 100% cash going into March, did you buy the dip or miss out? + +Anyone sell at March lows and never buy back in? + +I was 100% cash going into March, I only managed to deploy 40% of my cash during the initial covid drop, I did another 40% during the election dip in November + + +my best plays and largest holdings: + +XSP - up 65% + +XIN - up 50% + +XIU - up 51% + +BNS - up 58% + +ZEB - up 52% + +ZDJ - up 21% + +T - up 21% + +XEH - up 20% + +my most prized play: + +BRK.B - up 44% + +overall, I have about 36k in gains, and don't plan on selling anything +Clean energy has taken an absolute pounding this last year since the Biden pump. Many of these names are trading less than cash on hand and clean energy is clearly the future. Now could be a great time to grab some while they are cheap and while so many of them are beat down I think going an etf route might be best bet to grab a basket of them vs individual picks. I was eyeing up BMOs ZCNL etf or Ishares ICLN but the fee is a bit higher. +I recently hit the big $1M, and then dropped down again. Boo hoo. But it got me thinking about monthly % gains and losses vs $$ gains and losses. So far, the largest single month gain I've seen was 12%, but that was only $50k. The largest loss I've seen was -9%, but that was only $40k. (hilariously, those two months were back to back, March and April 2020). + +But now I'm getting into a portfolio range where I will start to see six digit swings in portfolio value from month to month. This is what I signed up for. This is the way. But the thought of making or losing the equivalent of my annual base salary in a single month is seriously messing with my head. What do you do to handle this? + +Edit: Yes, I am dramatically privileged to be in a position where this is a problem I face. + +Edit 2: Thank you all for sharing your insights and perspectives. For me, the most powerful takeaway was to 'zoom out', and take a higher level view. I reworked my investment tracker to include a 'dashboard' view at the top that focusses on the big picture. I added several new metrics and widgets, including: + +* Major Milestones, and the date I achieved them (or will likely achieve them). Includes items like "portfolio at $XMillion", "nw at $XMillion" and also interesting tipping points like, "estimated new growth > expected new investments" and "total growth > total invested" +* A view that shows Portfolio and NW by year snapshot, rather than month. It's anchored on the current month, and then above that shows where I was one year ago, three years ago, six years ago. Below today, it shows one year from now, three years from now, etc. +* Finally added a XX% to FI calculator lol +* A countdown showing "X years, Y months to go", and a breakdown of how much of my future portfolio will likely come from growth vs new investments + +I will still keep tracking everything at the monthly grain, but now when I open the sheet up, I will focus primarily on the big picture, as opposed to what happened just this month. + +It's funny, but even just building this new dashboard I can feel my perspective changing. Thanks again for all your input + +&#x200B; +https://www.cnbc.com/2019/05/29/boeing-ceo-works-to-regain-public-trust-following-737-max-crashes.html + +Boeing CEO Dennis Muilenburg offers a personal apology to family members of victims of two 737 Max crashes. + +Boeing 737 Max planes are grounded worldwide after the two crashes since October killed a total of 346 people. + +Boeing’s CEO says demand for the planes will warrant higher production longer term. +No one on BSC is making the progress the BogTools development team is doing right now. The product is unique, the tokenomics are sound and it will revolutionise the way people interact with all BSC tokens and decentralised exchanges. + +I think it's worthwhile clarifying that I'm no big player, I am a small bag holder when it comes to $BOG, or any crypto in general. My nominal profits when this project skyrockets (when, not if) will not be life-changing, however I consider myself responsible to amplify the huge potential I saw in this project to anyone looking to invest their money into something that can easily use its own technological capabilities to promote itself. + +# What is BogTools? + +**BogTools** is a BSC smart contract which provides decentralised on-chain oracles and code execution on the BSC blockchain. Every transaction of of the project's native token, $BOG, prompts the smart contract to execute commands on the BSC network based on information acquired from the transactions. + +To put it simply, BogTools can be used by anyone, both retail investors and developers, for different but equally promising functions. A great example of this is BogCharts. + +**BogCharts** uses the BogTools oracles which provide live price updates to create live price charts. These charts are truly live, as the price information comes straight from the blockchain, removing the middle man, and can be used completely for free by retail investors, contrary to many existing services which either lag behind the true price, or charge a fee for retail investors to use their service or even both. BogCharts can be deployed by BSC coin developers who will pay a fee for the service in the native currency, $BOG, supporting the $BOG ecosystem. + +**BogLimit** is a BogTools project that has huge potential for BSC, as it will allow users to place limit orders on BSC decentralised exchanges (PancakeSwap, etc.), again using the fool-proof BogTools oracles for price updates, ensuring that the limit trade order actually goes through and is not missed due to irregularities in price tracking. + +**BogRNG** (RNG: Random Number Generation) can be used for deploying ARGs, casino games and lotteries. BogRNG uses an off-chain function as a mechanism to hash and compare a randomness request made by a user with the number that is already stored on-chain to make sure that the whole process is truly random and fair. + +**NFT - ARG**: The project has already seen its first ARG (Alternate Reality Game) on [bogged.finance](https://bogged.finance) which included the generation of a shame token, $NGMI, issued to anyone who sold a share of their $BOG holdings. This token is non-tradable from the user's wallet and acts as a disadvantage for the next stage ($NGMI holder has 20% chance of losing their NFT, Sminem) and possibly for future ARG endeavours of the project. + +A brand-new native NFT marketplace will be launching very soon. The first set of 500 exclusive NFTs were distributed among $BOG stakers which in the upcoming days will be submitting their designs for their custom NFT, Sminem. The developers plan on making the NFTs released under BogTools useable, whether that be gamifying them (collectibles that can be used in on-chain deployed video-games) or even giving discounts to products and exclusive access to $BOG-related websited to NFT holders. + +TL;DR, BogTools is a smart contract platform with the potential to become mainstream on BSC, bound to attract attention from [big players](https://twitter.com/cz_binance) in the crypto space. + +# This sounds complicated, what's in it for me? + +Every piece of technology developed by the BogTools team is in one way or another designed to be beneficial to give the $BOG holder privilege over others. Essentially, by buying $BOG you are supporting a project whose main goal is to offer holders an **easy, useable** and **fun** experience in the crypto world, while also having immense potential for profits to be made. + +# Who are the developers? Who are the competitors? Are funds safu? + +The initial liquidity has been locked in a contract on BSC for a minimum period of 6 months, this contract can be viewed [here](https://bscscan.com/address/0x7f8a7e4b7066790fcec0ab13bbf935c647236293). Also, $BOG's contract is open source and readily available for anyone to inspect [here](https://bscscan.com/token/0xd7b729ef857aa773f47d37088a1181bb3fbf0099#readContract). + +There are 2 co-founders and one contracted developer working for BogTools at the moment. One of the co-founders is fully doxxed, his name is Luke Martinez and you can find him on [Twitter](https://twitter.com/LukeBogTools), LinkedIn or in the BogTools Telegram and Discord. All 3 of the developers are very active, both on Telegram and on Discord and give constant updates on new features, when they are expected to be deployed and are always on the look-out for community feedback. An very recent example includes the process of choosing the new logo for the project's website scheduled to launch this weekend, [BogTools.io](https://BogTools.io). + +$BOG's main competitor is Berry Data ($BRY). They have an \~4 times larger market cap at around $15M, they have been around for more than twice the time $BOG has been around and are only just now releasing their first product. The fact that the token's contract is almost identical to the contract of an ERC-20 token's contract sets the $BOG dev team even further ahead from their competitors; they have developed the project's infrastructure from the ground up and have asked for the opinion of the community for a lot of decisions so far. + +TL;DR, funds are safu. + +# This is all I really care about, when moon? + +$BOG is not even 2 weeks old. Its initial supply was set to 2,500,000 BOG. All transactions incur a 4.5% fee: 4.4% is redistributed to the $BOG stakers and 0.1% is burned, which has brought the current supply down to about 2,380,000 BOG (the fees are bound to be reduced as the project develops). + +It's current market cap is less than $3.5M and its price is \~$1.43, which imho makes it insanely undervalued for its potential. I first got involved at about $0.60 already thinking I was late to the party, but if you consider the market cap value that other projects on BSC reach without even having a useable product, + +I can easily see this doing a 20-50x, in the **short-mid term**. with far greater expectations for the long-term. If I'm going to be honest, half of the coins created on BSC don't even last a month and the vast majority of the ones that last for longer do not have the technology to back their value; enter BogTools. + +TL;DR, moon soon. + +&#x200B; + +Tech aside, one of the things I really appreciate about $BOG is that its community is far more positive and helpful than any other small market cap coin community I've been in before, and if you have been on small market cap coin Telegram groups you know what I'm talking about. + +# How do I get involved? + +You can follow the main [Twitter account](https://twitter.com/bogtools), read the [lightpaper](https://boggedfinance.medium.com/the-bogged-protocol-lightpaper-16c7394e250f), the [press release](https://pastebin.com/ApskT8LU) and definitely join the Telegram and the Discord channels (links on [bogged.finance](https://bogged.finance)). + +Also, there are guides on [how to buy](https://imgur.com/a/xKRwCIN) and [how to stake](https://imgur.com/FJmLvDq) $BOG. Before staking, I'd suggest you do some research on what impermanent loss is and how it can affect your money. + +&#x200B; + +This is a very, very exciting project and I think it's pretty obvious why. +Think about it, if they know that they’ve lost and that it is final. Why wouldn’t they try to reduce as much damage as possible. Why was it 100 something % and then suddenly became 224% literally minutes after. It’s high enough to get us excited but not low enough to feel disappointed. + +Well I say this, I don’t think after all this heavy manipulation that the shorts are ONLY 224% and it’s probably way more. +Inherited account of 25 or so various stocks and funds from a family member passing, migrated it over to a taxable account and i have been sitting on the account for a few years. Sold a few things here and there converting it to a combo of VTSAX and VTIAX. All new money dumped into this account go to those 2 index funds. + +But i am not sure what to do with these 3. (from reading here they come across as stinkers at the moment) totaling a 6400$ loss combined with Kraft being half of that. Do i just ditch em and use to offset future gains? or just sit on em. i am not loyal to any of these, and if i had money today i wouldn't buy them individually. Part of me says let em ride as it wasn't my money in the first place and these are big name companies, but i am not an investing professional so i stick to just dumping into index funds. + +This account is going towards retirement funds so everything is 25yrs out till i plan to touch it. + +any advice, thank you. + +&#x200B; + +EDIT: THANK you everyone for all the advice, i was not expecting so much response.. i think i will sit on kraft and ford, and probably dump GE later on. I know it isn't a ton of money i am talking about, but i learned alot from all the insights in the comments, and i appreciate the input. +Hello my little Apes. + +This is DD since I dont know which other flair it should be. + +*Big Thanks at* u/seaguard5 *for sharing the screenshots!* + +**You want to read the Bloomberg Terminal. Here are the basics.** + +[Note -\> \\"VOLM\\" is the volume of these Calls \/ Puts](https://preview.redd.it/sflhowm8djr61.png?width=1341&format=png&auto=webp&s=813ac96741bc4aa5d9d15e0e7fbc11d986efbf4d) + +&#x200B; + +[Basically Site 1 but with higher Strike Prices](https://preview.redd.it/xjh69ddcdjr61.png?width=1342&format=png&auto=webp&s=642a6d76a24ba8c2e3db8ed833e1e47a4f1f50e9) + +&#x200B; + +[Ape sees graph ape makes oooohhh ugghaaa uggaaah](https://preview.redd.it/cnvbdmv1ejr61.png?width=1337&format=png&auto=webp&s=e4d23a4386add75ab4dd4ce21268ce8a7e0d90d8) + +&#x200B; + +[Useless information because its not true anyway \(personal ape opinion here\)](https://preview.redd.it/oy5pvwseejr61.png?width=1337&format=png&auto=webp&s=a4de8bdcd510c25f3ca4ecc8242649ca51955367) + +&#x200B; + +[Maybe interesting maybe not, its old data currently so not.](https://preview.redd.it/6unfgwwxejr61.png?width=1339&format=png&auto=webp&s=9fbdf861f391a6192acfbeae626ca08e5c83bbf0) + +&#x200B; + +[same as one above](https://preview.redd.it/mtl90bb0fjr61.png?width=1339&format=png&auto=webp&s=4d29e3f58c2ecd1c6aa3fd5af6ee84e9f9bd2528) + +&#x200B; + +[more information about who holds the shares](https://preview.redd.it/wi2215e3fjr61.png?width=1338&format=png&auto=webp&s=e5e04a27947d04bc05de55179746da83f88346ad) + +&#x200B; + +[I dont know but for me, this data is interesting but useless overall](https://preview.redd.it/60j5nueffjr61.png?width=1338&format=png&auto=webp&s=137141720ff5b5e150caefd3cbdca507671d4e50) + +&#x200B; + +[Outdated data but interesting when new gets published](https://preview.redd.it/6f99yosqfjr61.png?width=1344&format=png&auto=webp&s=53d528d8ff4f75ea9c0fb3293bc1325934978639) + +&#x200B; + +Thats it. + +I hope i helped some of you! +A massive scam is happening that is causing people to lose thousands of dollars in a matter of minutes. It goes like this: + +\-You get a call from your bank's number + +\-You're informed of a suspicious transaction and possible online banking takeover + +\-You're asked to reveal your online banking username + +\-You're asked to reveal a temporary passcode sent to your phone + +\-Fraudster logs into your online banking and steals money via your bank's peer-to-peer system (ie Zelle) + +&#x200B; + +The frustrating part about this scam is how effective it is. I work at a bank and I helped 3 people with this scam the past week. And it's been going on for months. + +Banks are trying to educate customers about this fraud, such as issuing a temp password with a warning that says to never share information with anyone, even a bank employee. Unfortunately, customer education and awareness takes time and can be ineffective in the heat of the scam. Customers affected say to me "I can't believe I read them my passcode when the message said not to share it with anyone!" + +Bankers, IT pros, and community, what are some ideas to fight this scam? How can we prevent bank customers from sharing their temp login code? Fintech pros, how can apps like Zelle help fight unauthorized P2P transactions? + +&#x200B; + +EDIT: Great feedback from community. Amendment to headline is to "hang up immediately and call your bank from a different phone if possible." +Knowing everything you know now as an investor, if you could go back in time and give your beginner self advice, what would it be? + +Share yours in the comments, let's spread wisdom for everyone! +Hey guys I could really use some insight as to how people go about finding a moat. To find one, do you first form a hypothesis as to what the moat could be, for example scaled economies shared, and then you try to find evidence to prove it? Also what evidence would you look for to confirm scale economies shared? Please no pedantic answers I really want to hear your process and to learn from it. Thank you :) +An Israeli company that designs, develops, manufactures and markets minimally invasive aesthetic medical products. + +$27 A Share + +$4 a share in cash after all debts + +P/E 11 after cash deduction + +P/FCF 10 after cash deduction + +Increase in shares outstanding has stopped since 2021 + +Rev 2017 53m - 357m + +Cost Of Rev 2017 16.94% - 2021 14.99% + +Gross Margin 2017 83.06% - 2021 85.01% + +SGA 2017 61.50% - 2021 35.73% + +RND 2017 4.82% - 2021 2.67% + +Operating Margin 2017 16.74% - 2021 46.99% + +Net Margin 2017 16.50% - 2021 46.14% + +Thoughts? My issues are their ability to sustain the growth with the significant decreases in RND and SGA, also the numbers are so good that I am a little dubious. +Analysis by Thomas Black | Bloomberg + +August 25, 2022 at 8:36 a.m. EDT + +&#x200B; + +Warren Buffett’s Berkshire Hathaway Inc. didn’t gain fame for investing in startups. The venerated investor has a predilection for buying time-tested businesses like an oil company, a railroad or an insurer that are bets on the steady and profitable growth of the US economy. + +&#x200B; + +Buffett shied away from technology stocks for years before taking the plunge with Apple Inc., which was already woven just as deeply in the fabric of the economy as Occidental Petroleum Corp., BNSF Railway Co. or Geico. It came as no surprise that Buffett eschewed the SPAC and NFT crazes. His longtime business partner, Charlie Munger, in February railed against the “wretched excess” in both venture capital and cryptocurrencies. + +&#x200B; + +This is why investors should take particular note that Pilot Co., which operates Pilot and Flying J travel centers and is owned by Berkshire Hathaway, agreed on Tuesday to take a stake in Kodiak Robotics Inc., a driverless truck startup. Pilot will get one of Kodiak’s five board seats. Although the investment amount and percentage of ownership in Kodiak weren’t disclosed, Pilot is now the largest strategic investor in the startup. + +&#x200B; + +This investment is a significant validation by Berkshire Hathaway, through Pilot, that driverless trucks are on the cusp of being a reality. It may be hard and even scary to imagine an 18-wheeler with no human on board humming down the highway intermingled with passenger cars. This may happen more quickly than people think. + +&#x200B; + +Kodiak is already operating trucks with a safety driver on board on routes between Dallas and six cities, including Atlanta. In a couple of years, Kodiak expects to take that safety driver out of the cab and operate completely autonomous large freight trucks. A slew of other startups are also chasing the driverless dream. + +&#x200B; + +Embark Technology Inc., Aurora Innovation Inc., TuSimple Holdings Inc. and others are all testing autonomous truck technology on the highway. Aurora has said it expects to operate without a driver on board as early as next year. Aurora and Embark went public through special purpose acquisition companies while TuSimple did a tradition initial public offering. All three have performed dismally and are down more than 75% since first trading. + +&#x200B; + +Kodiak, which has investors including tiremaker Bridgestone Corp. and BMW’s venture fund, is teaming up with Pilot to create an autonomous truckport in Atlanta that would offer services like fueling, inspections and maintenance for Kodiak’s driverless trucks. Pilot’s truck stops would also serve as a meeting point outside large urban areas where a driverless truck would drop off a trailer that would be picked up by a truck with a driver to navigate city traffic. + +&#x200B; + +The driverless truck companies all contend their technology will make big rigs much safer for US highways. It’s a low bar considering that 159,000 people were injured in crashes involving large trucks in 2019, and 5,600 were killed in such accidents in 2021, according to the National Highway Traffic Safety Administration. The market need is also there. The American Trucking Associations estimates the US is short 80,000 truck drivers, and the shortage is concentrated in long-haul trucking that keeps drivers away from their home for days and even weeks. Those long hauls are the low-hanging fruit for autonomous trucks to pick. + +&#x200B; + +If one of Buffett’s companies is taking the plunge into this new technology, don’t be surprised that in a decade or two driverless trucks will also be a mainstay of the US economy. +In the recent first quarter of 2022, Amazon stock reported mixed results. The company fell short on its earnings but did match expectations for revenue. This was the first time in at least four years that the company reported a net loss. Furthermore, Amazon also expects slower outlook growth of between 3% and 7%. This has definitely raised concerns for some investors and thus Amazon stock have took quite a beating and have decreased over 28%. + +The company saw 30-40% expansion in revenue growth in 2021. Like many tech giants, the company is attributing the decline to macroeconomic factors as well as Russia’s invasion of Ukraine. After the announcement, the shares have plunged by about ~20+%. Have the fundamentals of the business changed? So let’s take a closer look at its main business and financial outcomes in order to better assess Amazon’s overall performance. + +Let’s take a look at what Amazon has to offer. Let’s find out! +[https://learntoinvests.com/amazon-stock/](https://learntoinvests.com/amazon-stock/) +I found this company from r/Undervalued and it has been a great find. I think the business is simple enough to predict. Did some DCF analysis and I think the business is at least 40% undervalued. + +Thoughts? +An Israeli company that designs, develops, manufactures and markets minimally invasive aesthetic medical products. + +$27 A Share + +$4 a share in cash after all debts + +P/E 11 after cash deduction + +P/FCF 10 after cash deduction + +Increase in shares outstanding has stopped since 2021 + +Rev 2017 53m - 357m + +Cost Of Rev 2017 16.94% - 2021 14.99% + +Gross Margin 2017 83.06% - 2021 85.01% + +SGA 2017 61.50% - 2021 35.73% + +RND 2017 4.82% - 2021 2.67% + +Operating Margin 2017 16.74% - 2021 46.99% + +Net Margin 2017 16.50% - 2021 46.14% + +Thoughts? My issues are their ability to sustain the growth with the significant decreases in RND and SGA, also the numbers are so good that I am a little dubious. +This is my first DD ever, I literally just finished studying investment books and have now started to look for companies. Please tear my analysis to shreds and help me learn. + +ServisFirst Bancshares: Bank Holding company that entirely owns its bank subsidiary ServisFirst Bank. + +Price: $48.06 P/E: 15 + +**Pros:** + +Growth rate in sales and earnings are quite consistent. 5 year sales growth of 15.4%, EPS 21.1%, and pre-tax profit of 17.7% + +5 year pre-tax profit margin: 59% + +5 year Return on Equity: 17.4% - seems to show they are reinvesting wisely + +5 year Debt to Capital: 8.1% + +PEG: 0.7 - potential indicator of being undervalued + +Equity to Asset ratio: 8.3% - this seems strong + +This company seems to be very close to being fairly valued and dips into undervalued often throughout the years. + +Expansion throughout their region (southeast) has been successful so far. + +Management seems to have a good system of giving lending officers lending limits based on their personal experience. If an officer wants to loan more than authorized, a bunch of additional approvals need to be made. + +**Cons:** + +There seems to be quite a bit of insider selling. I know this is not nearly as important as insider buying as an indicator, but insiders have not bought in awhile and *several* insiders have been selling. + +Heavy institutional ownership: about 54%.... this is concerning, but I am confused by the stock still appearing to be at a fair price. + +Roughly \~25% of their portfolio is for commercial real estate lending (if I read the reports correctly). This seems a bit high-risk if the economy hits the fan. + +I am so new at this all and am not familiar with how the banking industry works. This brings me more concern over what to expect if a recession comes through. My studies have told me not to worry about timing the market because we can't really do it. It does seem that banks can get pretty hard during recession though. The equity to asset ratio seems strong in the company's ability to survive hard times, but I just feel that I am missing something here. + +**Final thoughts:** + +Please tell me what you think of this analysis and this company. If this is analysis is completely flawed just tell me.... I promise I'll only cry in silence. + +Does anyone have advice on learning more about banking industry and if I should even worry about a recession with a bank? The financials seem solid enough to survive, I am just too green to be confident. + +&#x200B; + +EDIT: The strategy I am going for is Growth at a Reasonable Price +I work for a small registered investment advisor and was working the other and noticed how every program, every spreadsheet, every export, and most documents ran through Microsoft Excel or got imported into Microsoft Excel. Makes you wonder how much of the word is run my Microsoft’s computer programs. Makes me want to long MSFT more than I already wanted to. +I know it doesn't make any sense, but I have these thoughts of overpaying my mortgage. I am in the first year of a 5-year fix at a rate of 1.28. I have significant savings in savings accounts that pay more in interest than my mortgage rate, so overpaying is literally losing money. I also have a S&S ISA and a pension that I can contribute extra to, if I wanted to do something else with my money. + +&#x200B; + +Having this money available on a higher interest rate (even if losing money to inflation), makes more sense than overpaying. Overpaying in the last couple of years before the remortgage date, to get a better rate, makes more sense. + +&#x200B; + +Yet I can't shake this thoughts that I should overpay now. I think it is a combination of being in long-term debt for the first time in my life and anxiety about rising interest rates when the time comes to renew. + +&#x200B; + +Can anyone relate to this? Thoughts? +For the past year, every day I visit this subreddit, I've noticed that the most discussed/upvoted posts are either talking about the market, its ups and downs, and, (this I see a lot)- pandering to the 'newbies'. + +Of the top 100 posts this month, there are hardly 5 which move away from the money/finance aspect of crypto, mentioning things like - learn from these list of courses, what staking is etc. Most of the other content is around the former. + +We keep telling people to DYOR, which is legit advice, but a lot of folk found what to DYOR on from here - what's consensus, what's the 2 generals problem, what is a distributed ledger, DAGs, Staking, etc. It's a bit saddening to see that kind of content go down. + +Even in 2017 and before, during the bull run, before the crash, there was a lot of content from people who 'were in it for the tech' and discussion around tech topics. There obviously weren't enough of them which is why we used to suggest going to r/cryptotechnology for the serious stuff, but still they were more frequent then. This has been largely replaced by folk telling others about how to manage their money. + +Tbh, I'm not some highbrow chap who thinks 'this sub has gone to the doge'. I'm not criticising the content - the money has truly changed people's lives for the better, especially in countries without stable currencies. + +I'm mostly just fascinated by how the subreddit has shifted over time. It's a look into how the growing subscribers of the subreddit, the change in its structure and how the general moderation process has brought a shift in the content here. + +Cheers to my fellow Redditors here. Whatever you have come here for, glad to have you around. + + +Edit - to all these people saying it's Crypto CURRENCY. The currency part is incidental. The original white paper set out to solve the problem of double spend, and the obvious first implementation of that logic was the currency aspect. The tech is more integral. +And this is exactly why people need to DYOR and atleast understand a bit of what this is all about. +Here's my entire portfolio, hoping the 7 REITs that I have will provide me with at $75,000 a year in dividends 10 years from now. I'm active-duty military and will retire in 10 years with a pension of around $33,000 a year. With my dividend income from my REITs and pension, I would like to have around $100,000 a year in passive-income. I will most likely be working a government or contractor position once I retire, I won’t be living off the passive-income I make in 10 years. Any suggestions for future growth? I’ll be 38 years old when I retire and still have another time for another career within the government to pull in another pension or slide into a contractor position for more pay but no pension. + +Right now, my 7 REITs provide me with about $18,000 a year in dividends that get reinvested back into the same REIT it came from. + +[Portfolio](https://preview.redd.it/ex8zcx4pnrl71.png?width=1028&format=png&auto=webp&s=970b28900f96e5864345ac71fc1337b46526015d) + +&#x200B; + +[Recent Dividends](https://preview.redd.it/tb8jav7unrl71.png?width=689&format=png&auto=webp&s=9f66073c8094998d063be41b16c9919a1e46443b) +As the title says, just landed my first big salary, 45k before tax, feel like there is some advice out there I should be listening to. + +I never dreamed I would earn money like this and have never earned more than 20 before tax in any given year. + +I'm single, will be moving to the west Midlands, Uttoxeter area for the Job. + +Apologies for the vague nature of the post, I'm in a position where I feel like I don't know what I don't know. +So I'm selling my car on Craigslist, and within an hour of posting, someone texts me that they're interested (their English also wasn't great), giving me an email address to reach out to. I email them asking when they want to come to check out the car and take it for a test drive. + +An hour later, I receive two emails in the same email thread from two different people. These emails were sent about 15 minutes apart, and were both sent from different addresses than the one I sent the initial email to. Both emails said they wouldn't be able to check it out in person due to (both giving different one-sentence reasons), and they both offered $70 and $100 respectively to secure the deal and for me to take the posting down. Both of them asked for my name and address to send a cashier's check to, requesting specifically my physical address and not a PO box. + +I emailed one of them back before I saw the second email. In this email I sent, I included all the requested info and I also removed the Craigslist posting. After I saw the second email, I got suspicious. Since then, I moved my car to my friend's garage and I also sent a follow-up email to the person who I gave the info to, requesting their phone number to chat for 5 minutes before I sell it to them. + +In the meantime, I've been wondering what the fuck is going on and whether someone is going to try to steal my car. So... any insight into this? This has got to be a scam, right? + +EDIT: Thanks everyone, I put the posting back up on Craigslist and will be on the lookout for these red flags in the future. +I am trying to rent my home out to travel nurses through their agencies, if this means occasionally filling the renter voids by using it as a day by day rental then so be it. My home (3bed/1bath) is a 30 second drive from a major hospital with mortgage, tax, and insurance (escrowed together) at only $530/month. Me and my wife are fine with the idea of leaving all furnishings and removing personal effects to go somewhere else. We are thinking of charging $450/week or $100/day for full furnishings and utilities (which undercuts the weekly rates at hotels in the same city by about $150/week). How do we go about marketing it to travel nurses and capitalize on its proximity to the hospital? Is there anything else about this process that I need to know? +Hi all, + +Like many people, I have been reading about cryptocurrency a little more than usual recently. + +I was a little surprised that I could find countless stories about making thousands or even millions from BTC, but next to nothing on how people are enjoying the spoils of making that money. + +I initially thought maybe people wouldn't feel the need to post about it, but considering the large voice cryptocurrency investors have on the internet I don't quite believe that. + +Is there an explanation for this? Have I just not found the success stories yet? Or is there a genuine issue stopping people (psychologically, technically etc.) from using the profit? +So I moved across state lines to live with my best friend from high school, and to start a new career welding. It’s good money so far, and a heck of a lot better than managing a food truck, but i’m still just starting out. He and I make about the same annually now, but here’s the catch.. He spent the last two years living with his parents, I spent the last two years alone losing money to covid. Let’s just say he has a lot in savings, and i’m in debt. I’m not exactly in the position to go halfsies on a 55” TV. + +There are so many things we will eventually buy together, but he wants it all now and I just can’t do that. How do I talk to him? +I've been throwing around the idea of being doing a deep dive on Z1P as it stands now, but because the chatter is often around Z1P in comparison to APT I thought it was better to frame up a legit discussion surrounding the key differences between the two companies as an investigation into whether or not there is actually a significant discrepancy between how the market is valuing them.  + +(Note: this is a pretty top level outline and my first time doing anything like this so sorry if I missed/misinterpreted anything. Obviously DYOR) + + +Z1P quarterly report key highlights for last quarter: + +* Revenue of $102.0m (up 88% YoY) +* December revenue of $40.2m (up 94% YoY) +* Transaction volume of $1.6B (up 103% YoY) +* Customer numbers up almost 100% YoY +* Equity raise of $176.7m to fuel US growth +* Info regarding upcoming updates about ZIP Business - including Trade and Trade+, and a partnership with Facebook (it appears as though just in Australia to start with) + + +Z1P US subsidiary Quadpay key highlights: + +* 915k customers joined the platform with the app downloaded 1.8m times +* Chrome Extension launched in November (INDUSTRY FIRST) enabling customers to pay on any website - essentially uses a virtual Visa card, super clever application +* Among their new merchants is Newegg for all my fellow computer nerd autists + + +ZIP Net Bad Debts and arrears: + +The report goes in to this more, but just to highlight it briefly comparing 31st of Dec 2020 to 2019 - Arrears is down by .63%, but bad debt is up slightly by .25%. Not a massive change in either figure, but an important highlight considering revenue has grown, so the dollar value of these numbers has grown. As money is essentially the raw material used by BNPL firms it's essential to consider these figures when comparing to APT. + + +APT gross loss at end of FY20 was 0.9%, which translated to $94.5m - a change of -0.2%, but due to increased revenue an increase of 61% from 58.7m in 2019. + + +Comparison of Market Cap (all values accurate at time of writing): + +Top Level Value - Z1P: + +* Shares Issued - 552,322,326 +* Market Cap - $4,026,429,902 +* Share price - $7.29 + +Top Level Value - APT: + +* Shares Issued - 285,155,191 +* Market Cap - $41,099,417,679 +* Share price - $144.13 + +If your sole metric for valuing a stock price is market cap and shares issued, then sure, Z1P should be trading somewhere in the $70-80 range... but we all know that is a ridiculous statement. + + +We all saw the recent AFR article about ZIP allegedly being "significantly undervalued" when compared to APT. The main points of the article were that APT has 2.6 times total transaction volume when compared to ZIP, but APTs market cap is 11 times bigger than ZIP. Again, it's weird to take a single metric and use it as the defining factor for comparison. In my view, there's three key metrics that are important (but again not definitive) when talking about an BNPL company - they are revenue, total transaction volume, gross margin. + + +In a sentence, this is why I think these three metrics are the top line key numbers to look at: + +Revenue - obvious key indicator of underlying performance. + +Total transaction volume - In my mind, this is a useful metric to assist in judging market penetration and brand recognition when comparing to other BNPL companies. + +Gross margin - How much money a company is accumulating  + + +Gross Margin: + +* Z1P - Approximately 33% +* APT - Approximately 74% + +Revenue (FY20 reports) + +* Z1P - $157m +* APT - $519m + +Total Transaction Volume (FY20 reports) + +* Z1P - $3.2b +* APT - $11.1b + +TLDR: APT significantly outperforms Z1P with higher revenue at a higher gross margin allowing them to drive more capital in back in to the business to facilitate growth. When comparing the two companies it is reasonable to see that APT should be trading at a significant multiple when compared to Z1P. The real question should be is Z1P undervalued as an individual company, sans comparison to other BNPL firms. + + +In my opinion, the fundamental growth in revenue and transactions that Z1P has seen, with the additional resources from the cap raise to fund growth in the US market, as well as the launch of the Quadpay Chrome extension are all key reasons why the Z1P share price should be higher than it currently is. How much higher is hard to say and the above statements are excluding the obvious fact that the two companies have different offerings in the BNPL space. + + +What range do you think Z1P should be trading in? + +Also there is a rumour that Z1P is going to make an announcement about something in February - my guess is probably about Z1P business, or UK growth, but what do you think? +(Source for some of above information was a YouTube video by David Quan: [https://www.youtube.com/watch?v=WQwj1Gx265Q](https://www.youtube.com/watch?v=WQwj1Gx265Q)) +"Take your underpants off and put these on" - Let's just say it wasn't a typical Monday. I found myself in EMU "Emergency Medical Unit" at St Vinnies after rushing into the hospital with not one, but two 4mm calcium kidney stones. The pain was so great that morphine barely did anything at all - this is the stuff they administer on battlefields to the wound created when someone's limb has become suddenly semi autonomous. Lots of screaming later and I was ready for surgery to remove the beasts from my urinary tract. + +As I got my stylish surgery whites, I realised that NVX had announced a trading halt for...wait for it, a "strategic" capital raise. Strategic is what I put in front of anything work related to make it sound way more impressive than it actually is. Needless to say, I was now in a position on a Monday morning where: + +1. NVX would possibly make an announcement whilst I was under General Anaesthesia +2. The surgeons may or may not find both my kidney stones for removal +3. My private health may or may not fully cover the operation depending on their weak definition of pre-existing *(edit, they did not and thankfully Medicare jumped in to save the day, fuck private heath insurance in Australia)* + +Now that my wonderful capital gains tax dollars (or yours) have fully covered my procedure and I'm somewhat recovered at home, I can digest the announcement and make some wild and laughable speculative predictions about who NVX's strategic CR raise is going to be with. + +Before we go forth, some disclosure. *I hold 9539 or $28,800 worth of NVX stock. With my current average on NVX my capital gains if I were to sell today would be just north of $30K. I've held for over a year so I get them sweet sweet CGT discounts at this point too.* + +# "Strategic" CR Candidates: + +**Tesla:** + +Yeah let's get this one out the door first. Tesla has some bitter lemons when it comes to outright MnA's and Maxwell is just one example of that. They bought Maxwell, re-developed their dry battery electrode process for their 4860 cells and then promptly sold the company back to the market. They didn't want the company, just a patent for a technology they needed and Novonix has about a billion battery tech patents that Tesla want, along with their main man, Jeff Dahn. There's a bunch of links between the company which, I'm not going down the battery hole and holders have been burnt before dreaming up a link between Tesla and Novonix. + + **I'm giving this one a solid 2/10 probability**. In fact, I'll take a month's ban if Tesla is the strategic CR partner. + +&#x200B; + +**Voltswagen:** + +A cheeky name change joke that got the full blown ire of the SEC, for a company that lied about how clean it could be, they're certainly foraging ahead with plans for that sweet green tea future. My predictions around this revolve around the Chattanooga HQ of VW's US EV car efforts and of course, the HQ of Novonix and their Synthetic Graphite plant residing practically across the road from each other. VW had a nice little slide on their Power Day showcasing that they would be using Synthetic Graphite and oh, everyone wants a US battery supply chain partner so they can get some of Biden's EV moola. + +**I think this one has legs. Let's go for 5/10 probability.** + +&#x200B; + +**Sanyo/Panasonic or Samsung:** + +I guess this wouldn't surprise me seeing as Panasonic is doubling down on their battery investments and have an MOU for battery materials with Novonix. Samsung already have an order with Novonix so again, either of these 3 wouldn't surprise me in the least. + +**6.5/10 probability.** + +&#x200B; + +**Lucid Motors:** + +Andrew Liveris sits as the Chairman of the board of Directors on Lucid and he also sits on the board of another little known company. Novonix. Lucid have just gone public and they need some good ol' Murican battery supply chains and possibly a few battery patents too. The connection is there, or at least it's there in my head. + +**7/10 probability.** + +&#x200B; + +**Novonix** will likely open up tomorrow with some random partner we've never heard of and we'll all be scratching our heads as to why a company with $178m AUD cash at bank after doing a CR for $2.90 would....\*checks notes\* do another cap raise. + +If it's a major strategic partner as per above then great! If it's a random company that will help them accelerate production, also great but c'mon! Give us that household name hook up, we've all been waiting for it. +**TLDR at the bottom.** + +Typical 'long time lurker/first time poster' blah blah blah. Quiet time at work this weekend and had the time. Made a handful of comments recently to get around the automod (hopefully). + +I came across TMG in Q2'20 when there was lots of talks around supply chain issues/food security in Australia due to COVID. + +TMG is focused on extraction of a potassium fertiliser called Sulphate of Potash ('SOP'). Based in WA the companies resources are located NE of Perth covering around 1500 square kilometers. TMG hit the ASX boards with an IPO in late 2019. Currently trading at around $0.15 it was the proud recipient of its first 'Speeding Ticket' the other week. + +*What is SOP?* It is a fertiliser that required for healthy plants, plant metabolism, crop optimisimation yields and overall quality of output. It important for many of the foods we like to each such as avocados, cocoa, coffee beans, grapes, berries and tree nuts. There is two types of Potash fertiliser - one being SOP and the other being Muriate of Potash ('MOP'). SOP is vastly superior to MOP as MOP reacts with Chloride and can destroy crops. Due to this (among other reasons) SOP trades for about a 40% premium above MOP. The average punter can pick some up at Bunnings if they wish. + +*Do we already have SOP producers in Australia?* No. Everything we use domestically is imported from overseas. Canada is the leading producer. Australia imports about 70,000 tonnes of SOP at a cost of around $1000/t. + +*How do we mine/produce it?* Three ways each with different costs levels. Most SOP globally is produced using a method called the Mannheim Process. Another method to produce SOP is via a natural brine method. This method is \~25% cheaper compared to the Mannheim Process and this is what TMG is targeting. **Drill results released yesterday (in line with previous findings) from TMG show their resource are very favorable to this brining method.** SOP can be produced from this brining method for under $300/t as the sun does most of the work compared to using the machines required in the Mannheim Process. + +*Any other companies in Australia?* A handful. All at different stages of exploration and development. KLL, APC and SO4 are three examples, but all companies except TMG are focused on exporting their products. **Australia currently import $70m worth of SOP a year and if successful TMG will have gross margins of \~65%**. + +*Why do I like TMG?* Two reasons mainly. Firstly, TMG is focused on the Australian market means simpler supply chains and easier marketing/trading. To me this is important for new companies. Keep your target markets simple and close to home. Secondly, the number of shares on issue is significantly lower compared to its competitors. This is to be expected with a newer company (KLL IPO was 2016, APC in 2011 and SO4 in 2006) but the difference is quite high. TMG has 34m free floated shares compared to 460m for KLL, 297m for APC and 307m for SO4. The share count will naturally increase as more equity is raised. This low share count attributed to the speeding ticket recently - $160,000 worth of stock traded and kicked the ticker up 20%. Some positive news and attraction from some interested parties have the potential to move the share price up quite quickly. + +*Where is TMG in development and what's coming up?* They have two confirmed deposits and have been progressively drilling samples for testing and resource size. Drilling results will continue to come in all year and a JORC Exploration Target statement is expected to be published for one of its two deposits in the February with a JORC Mineral Estimate following in Q2. + +*What's my view?* I expect the SP to head up towards $0.30 by the end of this year. I also expect a cap raise next year to allow more exploration. I can see the SP continuing to head to $0.75 once all resources are identified and mapped (maybe mid-2023) before stalling for a bit as all the required permits are applied for/granted. TMG doesn't have to worry too much about road/track infrastructure. Airstrips, road and tracks are nearby. + +**Disclaimer:** I own \~40,000 shares in TMG. Bought 10,000 at $0.08 and 30,000 at $0.14 for an average cost basis of \~$0.12. Purchased the 30,000 additional shares recently as there is a number of catalysts this year that should move the price higher. + +**TLDR:** TMG wants to supply fertiliser to Australian farmers to allow them to increase crop output and get TMG a 65% gross margin. Australian demand of currently 70,000 tonnes at $1000/t. TMG continue to get positive results from drilling and I expect SP to double this year with numerous announcements on quality and quantity of resources. +Hi all, + +I'm embarrassed to be posting this but I really need help. I've been trading crypto futures the past month and have dug myself a pretty big hole. I'm currently down $22,000. Here's my full trade history: https://imgur.com/gallery/v0zIBd9 + +Just for context I'm a software engineer making a good salary yet currently I'm in debt about $5,000. I have a history of drug and gambling addiction, as well as depression. It feels like I can't stop, I don't know what to do anymore. I can't live with myself knowing I've lost so much in such a stupid way. Can anyone please give me any tips to get myself past this dark phase of my life? I'm turning 27 in a week and can't keep living like this. +I used to think paying off a house and aiming to retire early was a good way to win “the game of life” but now I’m starting to think there is more to experience… +Hey everyone just wanted to see what everyones thoughts were regarding this sh*t situation I have been put in. My partner of 3 years cheated on me as I found out a few days ago, this has been going on for 2 months prior with me being suspicious and trying to figure out what was going on... anyway no need for the whole partner story. + +My main concern is that we settled on our first home together 6-7 months ago now with it signed in both of our names. We got the FHOG and government LMI scheme also with this due to me being savvy and timely, a brief rundown on both of us: + +Me: +- 66k/ year +- 5% deposit +- No debt +- No credit cards +- Healthcare worker with stable job + +Partner: +- 24k/year from last financial year on house application but has since moved into 50k/year job (which is also threatened now so possibly no job) +- 5% deposit +- No debt +- Lost 2 jobs due to covid/ work issues? + +Differences: +- I have paid well over 5.5k into variable account, she has paid 3.5k roughly but has multiple redraws (terrible with money) +- I have paid 3 fortnights worth of food bills mortgage etc when in downtime between jobs +- I pay 50% more into bills and most weeks food. +- Having crunched these numbers I discovered I am owed well over 11k without calculating everything into fine detail. + +Now, the burning question. She wants 50/50 of all assets if we split but otherwise wants to make it work (I really want to GTFO because this girl has been a headache). Is she able to take 50/50 of everything even though I can prove I have paid more overall with statements/ receipts? We are in a defacto relationship as of 7 months ago. + +I’m seeking legal advice and have an appointment on Wednesday to discuss further. My ultimate goal would be to keep the house and toss her away but she refused to take a payout or to not go down without a fight which is dogsh*t considering the situation. + +I know capital gains and grants are in play until 12 months. Has anyone had a similar situation before? Located QLD + +Cheers! +I’ve just been down a bit of a rabbit hole. Looking at crazy and likely future technology. Things like quantum computing (and why there’s a race on to get there first). And other tech innovations that will likely shape the next 50 years. Super exciting and interesting stuff. + +It really got me wondering about what the hell happens in Australia ? Do we do any of this? + +I have a pretty pessimistic view of our economy. Basically that we are lucky and dumb as fuck. We buy and sell houses, we use our universities as nothing but degree factories for international $$$ and of course of government relies massively on digging shit out of the ground and selling it, a lot of stuff we dig out of the ground is fast becoming a stranded asset as the world moves away from fossil fuels. + +Does the govt fund any new exciting projects? CSIRO? + +I know we have atlassian? + +Can anyone enlighten me on Australian tech/exciting emerging new R&D stuff we’re doing or are we still just pushing ahead with status quo (and actively cutting funding to CSIRO,science areas) + +I’d love to have something to be excited about. (And proud) because Australia really seems to be run by giant mining/property developed interests that actively discourage this type of activity. +The current tax system is complicated to say the least. While the tax rates are high, there are a lot of ways to reduce your tax liability. + +For the FY 2020-2021, finance minister Nirmala Sitraman announced a new tax regime with more tax slabs and lower tax rates. Also, finance minister gave taxpayers a choice between the new regime and existing one, leaving it to them to decide which they would like to opt for. + +Since we are nearing the end of the FY, it is time to make a decision. If you are wondering how to go about figuring out which regime you should opt for, this post answers that question for you. + +&#x200B; + +**Current Tax System – high rates but lot of options to reduce taxes :** + +Over the years the government, through addition of clauses to the Income Tax Act, has given Indian taxpayers over 70 exemptions and deduction options through which they can bring down their taxable income and hence pay less. + +While exemptions are part of your salary, like the House Rent Allowance (HRA) and Leave Travel Allowance (LTA), deductions allow you to lower your tax amount by investing, saving or spending on specific items. The biggest section for deduction is Section 80c through which you can bring down your taxable income by Rs.1.5 lakh. Apart from this, there are several other sections that let you take tax deductions on things ranging from interest on your loans (home and education) to premiums you pay for health insurance. + +&#x200B; + +Most common exemptions and deductions availed by Indian taxpayers: + +**Exemptions:** + +* House Rent Allowance +* Leave Travel Allowance +* Mobile and Internet Reimbursement +* Food Coupons or Vouchers +* Company Leased Car +* Standard Deduction +* Uniform Allowance +* Leave En-cashment + +**Deductions:** + +* Employee Provident Fund +* Public Provident Fund +* Voluntary Provident Fund +* ELSS (Equity Linked Saving Scheme) +* Life Insurance Premium +* Principal and Interest component of Home Loan +* Children Tuition Fees +* Health Insurance Premiums +* Investment in NPS +* Tuition fee for Children +* Saving Account Interest (upto 10K) + +&#x200B; + +The combination of exemptions and deductions can bring down your taxable income by lakhs. However, it also means every year you have to find ways to optimize your salary and savings/investments so as to keep you taxable income to the minimum. + +&#x200B; + +**Enter new tax regime – More slabs, lower tax rate but no way to reduce taxes:** + +The new tax regime is different from the existing system in two aspects. + +One, in the new regime, the tax slabs have increased, accompanied by lowering of rates in the sub-Rs 15 lakh range. Two, all the exemptions and deductions that were being used by taxpayers in the existing regime won’t be available in the new regime. + +Here is a comparison between the old and new tax slabs. + +&#x200B; + +|Tax Slab(₹) |Old Tax Rates|New Tax Rates| +|:-|:-|:-| +|0 – 2,50,000 |0%|0%| +|2,50,000 – 5,00,000|5%|5%| +|5,00,000 – 7,50,000|20%|10%| +|7,50,000 – 10,00,000|20%|15%| +|10,00,000 – 12,50,000|30%|20%| +|12,50,000 – 15,00,000|30%|25%| +|15,00,000 & above|30%|30%| + +&#x200B; + + As you can see under the new system, income between Rs 5 lakh and 7.5 lakh would be taxed at 10 percent, while income between Rs 7.5 lakh to Rs 10 lakh would be taxed at 15 percent. This was 20 percent flat on the entire range for the existing regime. The earlier Rs 10 lakh+ slab where you paid 30 percent, has been broken into three parts with rates of 20 percent for Rs 10-12.5 lakh, 25 percent for Rs 12.5 lakh-15 lakh and then 30 percent for Rs 15 lakh and above.  + +&#x200B; + +**So, which regime should one pick?** + + Unfortunately, there is no single answer to this. While figuring out what option to go for might look complicated, if you approach it in a systematic way, it is not that difficult to figure out.  + +Here is what you need to do – + +* **Calculate all the exemptions that you are availing:** If you are living on rent, you would be claiming HRA which is the biggest salary exemption one enjoys. Apart from that, other tax-free components include LTA, Food Bill, Phone Bills, etc. All these will become taxable if you choose to shift to the new tax regime. +* **Look at the deductions that you claim:** As a salaried employee, two deductions that you automatically get are standard deduction of Rs 50,000 and your contribution towards your Employee Provident Fund (EPF). In the new regime, you won’t be able to claim these deductions even though you will continue to contribute to EPF. Over and above, you cannot claim deductions against your home loan (if you have one) or insurance policies, which till now has helped to reduce your taxable income. + +Now, combine these exemptions and deductions and minus them from your salary to see what is your taxable income and what it would be if you let go of these deductions. This should be the deciding factor for which regime you should go for. + +You can use the simple calculator provided by Income Tax Official Website to calculate this yourself. + +[https://www.incometaxindiaefiling.gov.in/Tax\_Calculator/](https://www.incometaxindiaefiling.gov.in/Tax_Calculator/) + +&#x200B; + +**Final Note:** + +If you are employed, your employer would have already asked for which regime you want to follow to deduct TDS accordingly. But you can change it during your final ITR filing in june/july if needed. But it would be better if you plan on it now and in case if it is old regime, you can invest on additional tax saving instruments as well. + +**Caution: The regime you pick shouldn’t decide whether you should invest and get insurance. Achieving your life goals and securing your family’s future should be the reasons not the tax benefits you get from them.** +Every year I file my taxes via a CA. But this year he told me that he is not doing individual's returns because of "low margins" and "higher compliance". + +So I tried https://cleartax.in for the first time and and filed my ITR-2! + +Btw, I also did not know that it was free! + +So if you were holding off on using ClearTax then maybe now is the time! +This may be a noob question, but bear with me. During every IPO, we hear about the Grey market premiums and I have observed that Grey market premiums are a good indicator of listing prices. I want to understand who are the players who determine this Grey market premium and is it a regulated space ? How do business newspapers get whiff of these premiums? What are the economics behind it? + +Thanks in advance! +**\*\*\*\*\* I am NOT a financial advisor & this is NOT financial advice. Take everything you read, see, or hear with a grain of salt. Verify it ALL with your own DD & come up with your own conclusions! \*\*\*\*\*** + +&#x200B; + +https://preview.redd.it/fs3vwgvqbzf71.png?width=158&format=png&auto=webp&s=eaba72048a1d7bb18d22652307a74163c5921a3d + +\*\*\*\*\*\*\*\*\*\*EDIT\*\*\*\*\*\*\*\*\*\* + +My sincerest apologies to everyone. I made a mistake on rushing this out too fast without confirming the fact that one of our members shared with me. + +Thanks to u/C3ll3 for correcting me on the numbers shown are indeed the actual share numbers already and NOT the actual number of contracts which would have a multiple factor of 100x per contract. + +I will fix this post and strike thru all the incorrect parts. + +The number after correction comes out to 39,903,283 shares when calculated the correct way. Albeit it nowhere near the original calculated amount, it's still a pretty significant number considering that leaves only about 30 million left over shares if we are to subtract the 39.9 million. + +Once again, I truly apologize for rushing this out without confirming it first with someone who understands this better than me. I have learned from this and I won't make this same mistake again. + +If the Mods feel like this post should be deleted in the best interest of the community, then I am in full support of it. + +Since I have made a mistake on my own misunderstanding of the number I was looking at and have fixed this post to reflect that, this can be left, if desired of course by the Mods, as a learning lesson for those who may very well be on the same path as I was thru their own research. Maybe if they see this and the corrections, they might not make the same mistakes as I did so to prevent any possible future misunderstandings. + +Well at least that makes sense to me. You're not obligated to feel the same. I'm not sure how to lock this thread as a member has suggested thru a reply here. If a Mod could do that please? + +Truly appreciate everyone's understanding in advance and my sincerest apologies once again. + +\*\*\*\*\*\*\*\*\*\*EDIT\*\*\*\*\*\*\*\*\*\* + +&#x200B; + +&#x200B; + +*~~TL;DR - I will not post one, this data is important and to understand it, you need to see everything in it's entirety. I'm sorry if this is unacceptable to you and you are not obligated to continue reading. I do appreciate you even stopping in to look and wish you nothing but the absolute best.~~* + +\-------------------------------------------------------- + +Please let me start with this: + +It's your right to perceive things how you want and I'm not here to convince you of anything. I'm just here to share the truth. + +Nothing in here is my own speculation. It's 100% facts in which you can verify for yourself & come to your own conclusion. + +So with that being said, let's continue on. + +I created a spreadsheet to show you some pretty insane information. + +The data I used is pulled straight from a publicly accessible website called **Holdings Channel** and here's the link for our GME STONK: + +[https://www.holdingschannel.com/bystock/?symbol=Gme](https://www.holdingschannel.com/bystock/?symbol=Gme) + +This is what you're going to see: + +&#x200B; + +https://preview.redd.it/wiwsyqvg4sf71.png?width=3849&format=png&auto=webp&s=66e358469662e7f95220ea73e1842edd09d39112 + +As you can see from the red highlighted section, this is the data that I selected from the top and all the way down to the absolute bottom of the page. + +I then proceeded to simply copy and paste all that copied data and pasted it into a new spreadsheet. + +The next step was to reformat the data to look a lot more presentable and easier to read for all eyes. + +The spreadsheet is available to download here so you can verify the formulas yourself that they are indeed correct or not: + +[https://docs.google.com/spreadsheets/d/1\_j7ZoiQvcoiuC3j5oWYepMntuzuQLXoeQYQlx6QOPF0/edit?usp=sharing](https://docs.google.com/spreadsheets/d/1_j7ZoiQvcoiuC3j5oWYepMntuzuQLXoeQYQlx6QOPF0/edit?usp=sharing) + +&#x200B; + +https://preview.redd.it/ttal0xuh5tf71.png?width=1924&format=png&auto=webp&s=232e7092d0d04849e53c88234fc35c45f44d9ac2 + +You can either download the spread sheet to follow along or just keep reading as I will reveal the total shocking numbers in just a moment. + +Since I'd rather not manually punch the numbers and add them one by one in a calculator app, and possibly hitting the wrong number or symbol by mistake and giving a totally wrong number, I'm going to use the apps in built calculator to guarantee that the numbers can't be wrong. + +The data has been sorted to look more cohesive and easier to follow along with. + +I have highlighted some numbers which we'll revisit in just a moment. + +If you download the sheet and you understand spreadsheet formulas for calculations, then please be my guest to verify that they are indeed correct to show the right numbers. + +Looks like there are 3 really important numbers out of all of this and also including the "As Of" dates. + +Those following numbers are the: + +1. Put Total +2. Call Total +3. Shares Total + +~~If you know how options work, then you understand a few basic things:~~ + +1. ~~Each Call or Put option contract is equal to and has the rights to control 100 actual real shares~~ +2. ~~In order for a Call or Put contract to become LEGALLY VALID, the 100 shares PER CONTRACT are SUPPOSED to be located FIRST by the brokers even before the contract can be consummated.~~ +3. ~~If the shares are not found by the time the contract expires or when the opposite person decides to close out the contract early as long as it's profitable, then shares that were supposed to be "found" prior to the consummation of the contract, will become FTD's and the contract is then terminated and kept on record (supposedly).~~ + +~~Given that basic information that you can easily verify anywhere and with anyone who understands the life cycle of a Call/Put Option contract, let's do some really easy basic calculations from what the spreadsheet spit out.~~ + +~~The 3 numbers that we wanted to remember from above will come into play now. According to the spreadsheet and the calculations it made we got the following numbers:~~ + +1. ~~Put Total on 03/31/2021 = 24,220,402 Put Option Contracts~~ +2. ~~Call Total on 03/31/2021 = 9,150,644 Call Option Contracts~~ +3. ~~Shares Total held by all Institutions on 03/31/2021 = 24,833,525~~ + +Now we do see that there are more recent numbers dated for the quarter ending 06/30/2021. Unfortunately not all the data is in so we can't get a complete picture as of then. The best at the moment we can get for today is the numbers on 03/31/2021 when all the institutions had to get their 13F reports in. + +~~You might be asking, why didn't I include the final number in the spread sheet to make it a littlie bit "quicker" to just see, but I didn't wanna ruin all the fun for you 😜~~ + +~~To figure out how many options contracts are left over after taking one Put Contract & cancelling it out the opposite Calls Option Contract and leaving us with a number of contracts which doesn't have an opposite to be cancelled out so we must take that number into account to figure out how much shares it represents.~~ + +~~Put Total - Call Total = Remaining Contracts~~ + +Let's plug in the numbers and see what that comes out to: + +~~24,220,402 - 9,150,644 = 15,069,758 Put Options Contracts~~ + +~~Now remember, 1 Options Contract = 100 of GME Shares~~ + +~~15,069,758 PUT Options Contracts x 100 GME Shares = 1,506,975,800 GME SHARES~~ + +Don't forget! We still have to ADD the SHARES TOTAL to this number too!!! + +~~1,506,975,800 + 24,833,525 = 1,531,809,325 Shares that are HELD & SUPPOSED to exist in order for those PUT Options to EVEN EXIST!!!~~ + +~~Let me repeat that:~~ + +~~That is 1.53 BILLION SHARES!~~ + +&#x200B; + +How many GME Shares were outstanding on or around 03/31/2021? This site here can tell us: + +[https://ycharts.com/companies/GME/shares\_outstanding](https://ycharts.com/companies/GME/shares_outstanding) + +&#x200B; + +https://preview.redd.it/m5ko5spcwtf71.png?width=1928&format=png&auto=webp&s=ae034c4f8c0748e9216332d15ca65f248e7db1b3 + +So let's select March 17, 2021 since it's the closest date without passing the 13F filing date so we can get the most accurate number possible. So YCharts shows 69.94 MILLION GME shares are outstanding on that day. + +Let's subtract the number of shares owned by the institutions since we've counted that number into the total above already. + +~~69,940,000 Outstanding GME Shares - 24,833,525 = 45,106,475 GME Shares Left Over for EVERYONE else.~~ + +Don't forget, we still haven't even thought about the following 3 "locations" where GME stonks are being held. + +1. APES! Of course you're not included in that number yet! Whomever owned GME Stonks on 03/31/2021 would count towards this number +2. Insider share holders, yep, this doesn't even count even Ryan Cohen's own stash of GME STONK! +3. Lastly, this doesn't even include the insane amount of GME STONKS that are supposed to be accounted for in any ETFs or any other "vehicle" in which they wanna shove GME STONKs in. + +~~I can only imagine what those 3 numbers are going to be total, but there's NO WAY in living hell that all 3 are going to split 45 million GME stonks!~~ + +Like I previously mentioned, none of this is speculation. This is all factual data you can choose to verify for yourself to come to whatever conclusion you want to with this information. + +&#x200B; + +https://i.redd.it/x91xez6q0uf71.gif +I’m just a lurker here, Still an extremely far way away from FIRE, not to mention FatFIRE. + +What’ll it take to retire to somewhere like Monaco, Luxembourg or Switzerland (I know, not a city state, so maybe Geneva or Zurich) Maybe even Singapore. + +Im talking a nice 2 bedroom apartment in the heart of the city with an additional small villa with a garden somewhere in the suburbs. + +Dining out somewhere really nice once a week kind of thing. + +Those are all well known for being places with very high standards of living with almost zero crime and lots of metropolitan things to do. + +I’m guessing 5M won’t cut it? Are we starting to talk in the 10-20M plus range now? Or even higher? +Hi. My name is Ariana Tobin and I'm a journalist at the nonprofit accountability outlet ProPublica ([propublica.org](https://propublica.org)). We would love your help with a new investigation into a pattern we think is hurting lower income people. + +Did you expect to receive a big tax refund, but then didn’t get it because you were audited by the IRS? [Here's what the letter might look like](https://www.propublica.org/getinvolved/irs-audit-earned-income-tax-credit-refund-help). The biggest tax credit is called the Earned Income Tax Credit. It’s mainly for people who work and have kids to take care of. It’s aimed at people who earn under $40,000 a year. + +The IRS audits a lot of people who claim this credit. When that happens, the IRS blocks the refund. Some people may actually end up owing tax instead of getting a refund. We particularly would love to hear from you – we don’t think you’re alone, and we're trying to find as many people as we can to shed some light on who gets hurt. + +Happy to answer any questions about what we do and why we're looking into this. I'm [ariana.tobin@propublica.org](mailto:ariana.tobin@propublica.org) and my colleague [Paul Kiel](https://www.propublica.org/people/paul-kiel) is [paul.kiel@propublica.org](mailto:paul.kiel@propublica.org). We'd both also love any ideas on getting the word out! +It's a silent project that operates in the background. There's no face to it. The founders created it and walked away. It's like an elegant clock set into motion that continues to tick. There's no promise of some complex protocol to come 3, 5, or 10 years down the road. It does what it's supposed to now without self promotion from the founders. Since it doesn't need self promotion to thrive, it doesn't fall victim to the vices of marketing from greedy, charismatic leaders, with overly complex projects. Sure, there's Saylor and Novogratz that sometimes fall into that role. But bitcoin doesn't need them to survive and won't need them when they die. The project works now. It does what it's supposed to and it'll continue to do what it's supposed to. It's the money of the future of our science fiction novels. + +There's no Krypto Kris marketing shitty debit cards. There's no charismatic Do Kwon doing a Forbes, Steve Jobs photo shoot with a black t-shirt and a white background. There's no J Powell magically expanding the money supply with a cobol fueled wand, creating a 9 trillion USD balance sheet out of thin air. + +BTC takes out the corruption of humans, because the humans that created it stepped away. Sure, people will build corrupt systems around it, but BTC itself is a simple, pure, and elegant vehicle silently ticking away in the background until the ticking becomes so loud that no one can ignore it. +Shib was my intro into the wonderful world of crypto I bought shib at its previous all time high back in May. +I continued to DCA for months...... + +Then I started reading this sub, and all the meme coin hate, don't get me wrong I completely agree with it all, I can't understand how a joke coin can be worth however many billion it is up to now. + +So I took the sentiment of the sub sold my shib at at a loss and started buying coins with real tech and use case behind it. Like ADA and Ergo my two biggest bags. +I pretty sure in the long run I'll be ok but if only I had held a little bit longer I would have almost 200k worth of shib. + +Now watching everything tank while shib goes parabolic is kinda making me think I'm doomed to fail. + +Anyway I'm gonna go cry now untill ADA moves + +Edit: now you all want me to sell my ADA you guys suck +Hi all, + +Trying to make an offer on a house and the REA told us that the other offer is higher but won’t disclose how much the offer is. Is this normal? + +Another friend of ours who is a REA said to ask how much more the other offer is (which I did) so I’m not sure if this is routine or just one REA trying to get a higher price. + +Edit: Thanks for all the advice. It’s good/disappointing to know that this is normal and we’re not just being manipulated because we don’t know better. We may end up making a higher offer but it’s just a house at the end of the day. Cheers +I know questions about emergency funds are typically asked in /r/personalfinance, but this question is more geared beyond those initial stages in building wealth. + +I understand the importance of having an emergency fund in something that won't lose value when your net worth is on the lower end, but what about once you've grown your net worth? If you have **years** worth of expenses invested in something like VTSAX, does it still make sense to keep 3+ months of living expenses in a savings account? + +Even with a market down turn, you'd still have access to several months worth of expenses if you initially had years worth invested. The only realistic advantage I can think of for the savings account is that you don't have to wait 2 to 3 business days to get money you need. Am I missing something? +Banks and asset managers steer their EU operations from London to French capital +https://www.irishtimes.com/business/financial-services/paris-set-to-triumph-as-europe-s-post-brexit-trading-hub-1.3646648 +A few days ago, went to Arco and got gas. Paid inside because I wanted a snack. Arco only takes debit or cash. Used my debit. Noticed today that my bill for gas was a little higher than I thought it should be. Called the bank to inquire. Apparently 5 dollars cash back had been added to my transaction. Not sure how they added this on (I never get cash back), but calling ARCO corporate tomorrow. Went to ARCO today demanded a manager and they gave me 5 bucks immediately without looking at the tape. I now suspect they are regularly skimming their customers. Another reason it pays to watch your statements! +Why is it taking so long? We all know he is a crook, so whats the deal? Does he evidence against some politician and thats stopping him being in Jail right now? This doesnt add up to be honest. He also has a NYT speech he will be making along with guys like Gates. He doesnt deserve to be anywhere near a great innovator and man like gates, he needs to be locked up in jail. +Using a throwaway just in case. I recently found a job blending my two passions. I would be an art instructor/director at a program which supports and empowers people with disabilities. I currently work as a special needs teacher, but my background is in art and I have not ever been able to support myself as an artist full time. + +I have always wanted to find a way to do something creative AND support people with disabilities. I think this could finally allow me to pursue my own career in art while helping others. I'm a good teacher, but I have never been satisfied with it and have switched schools a bit hoping to find my "home". + +As for numbers, I make around $42000 as a teacher, and get to have a lot of days off for breaks and stuff. However, I often work off the clock and I have to re-certify every 5 years (it is clear to me that the classes I have to take are just a way to squeeze teachers). The art job would gross about $34 and would have fewer benefits (insurance and retirement probably not as good), but I would have access to a full art studio and would be allowed to do my work as well. + +&#x200B; + +What do you think? Is it worth the risk? My partner and I do just fine money-wise at the moment (dual income, no kids!), but we are looking at the long term as well. + +&#x200B; + +&#x200B; + +UPDATE! I took the job! Negotiated a higher salary and it worked. They talked about my skills and said they could see quite a few other ways I could impact their organization. THANK YOU ALL SO MUCH FOR THE ADVICE!!!! +The company I work at is gathering feedback from employees about possibly moving from a fortnightly pay schedule to a monthly one. + +Personally I really enjoy getting paid every 2 weeks. It makes budgeting a lot easier and I'm sure will benefit those who aren't financially literate. + +What are your thoughts on being paid monthly? +Hello + +I am the sole beneficiary of my father's assets and he is unfortunately going to pass away this spring from liver cancer. + +He is the founder and president of a boutique hotel brokerage firm that has been very successful. Right before he was diagnosed, he hired a private contractor to work as an additional salesperson. He also hired an administrative assistant. + +He leases an office near our home. + +There is no debt on the company, but earning have stalled over the past year or so because of a) the overhead of the office and new hires (initially intended to expand the company) and b) you can't run a business when you're dying of cancer. + +This company means everything to my father, and I don't know how I can help him. I'm not a licensed real estate broker, I have no experience in the industry (I'm 23), but I'm interested in doing this for a living. + +Currently I work in financial services, my other career interest is to be a financial planner. + +His one dying wish is to make sure his business is wrapped up and he needs help "closing it." Is it best to sell it? Close it? Does anyone have any kind of insight or experience? + +Thank you all for your time. + + +Edits: Spelling as well as adding more detail: + +First of all I'm blown away by the response this got. So much of it is valuable. + +It seems important to mention I am a female. Trust me, I understand the hotel brokerage industry environment has a strong flavor of racism (although it's quite diverse) and sexism. There's no way to say this without sounding vapid or conceited, but I was graced with good genes and am memorably attractive: long red curly hair, blue eyes, six feet tall and athletic build. I know full well you can't get successful on looks alone, and my real strength is in my work ethic and mind. But I'd be foolish to think my looks are not an advantage; after accompanying my father to a few industry conferences, it's apparent that they are an asset. At least in being memorable and making initial contacts. + +Another thing is that my father is an alumnus of of a large hotel management undergraduate program at a large university. The recognition is second only to Cornell. We have an endowed scholarship in our name and he is a notable benefactor and was, when he was well, a very active alumni and very close to directors of the program. He hasn't told ANYONE about his illness; a client considering using him might not if word got around that he had cancer. + +He has been the sole employee for over ten years, he invested ~$100,000 in expanding his business (office lease, private contractor with commission agreement - no salary - and an admin assistant making ~$55K yr). He did this to grow the company so he could have something to sell when he retired, but got diagnosed that August. We've closed maybe two deals since then. The contractor has a ton of contacts from CRE investment career, she is frustrated with how little money she has made since my father got sick compared to what they could have. + +This contractor would be fine to take over the business. She doesn't have the money to buy it or run it herself. +She could definitely help me. + +I think my father would prefer to wrap things up. I think there's still value in the name and potentially relationships with his centers of influence. + +TL/DR (I don't even what these mean but I'm guessing bottom line): My ideal scenario is to keep a percentage of the business as well as full ownership of the LLC name. Would this enable another VP to take a larger share of the business, run it with me as a lower level employee so I can learn about maintain a large stake? + + + +http://www.businessinsider.com/over-the-past-6-years-ive-fine-tuned-a-spreadsheet-that-has-completely-changed-my-finances-2016-7 + +I don't know if I could get my finances in here down to the nitty-gritty like this guy, I use a spreadsheet someone else posted here a while ago. But I found it to be be kind of inspirational. + +EDIT: Apparently I can't spell... +EDIT 2: Here's the much simpler spreadsheet template that I use: http://www.vertex42.com/ExcelTemplates/money-management-template.html +A parent has asked me to help him disguise his company as being based out of a different state. I currently reside in a state without state income tax, and he & his company do not. He wants me to look into adding his name on my car insurance & utility bills as proof of residency. Since he is a Sole Proprietor, showing that his personal dwellings have "moved" to this state would presumably permit him to file his taxes here. He stays in this state for about 2 months a year, and his work permits him to be mobile/work digitally only. Would adding his name to my bills put my own credit or accounts in danger? Is this a risky maneuver, albeit kind of shady? +\-My own plasma traded for some cash + +\-That cash immediately used to buy more ETH. + + It was my first time donating plasma. I was very nervous. But when I told my friends that I was using the money to buy crypto, they told me I was crazy. +I see Apple's revenues growing in this year and 2018 with the release of the iphone 8. It's rumored to have significant upgrades. + +I can also see 2019 being a softer year, similar to 2016, due to probably softer demand of the 8S vs the 8. + +Thus, if Trump has fulfilled his campaign promise by this time to get a repatriation tax bill passed, it seems like 2019 would be the perfect period for Apple to bring their cash back home and make a huge acquisition(or two). + +I would expect that with Trump being elected, Apple is seeing his laser-focus in fulfilling campaign promises, seeing that 2019 will probably be a relatively soft year and thus busily researching which large companies could be best integrated and give the best return. + +I don't think investors are going to be content with small acquisitions if Apple is able to bring 200+ billion in case back home. + +What do you think they're looking at? + +In fiscal year 2016 their cash balance grew by $30 billion($216 billion to $246 billion). Considering the hit that the 8 is supposed to be, it's possible that by 2019, they'll have as much as $325+ billion to bring home. + +Everyone knows about the top liquid funds, but FT-UST had a special place in most debt fund portfolios looking for that edge in getting 8-9% returns.. + +It was not uncommon for investors to have over 50% of the debt folio concentrated in Ft-UST + +But since Voda issue emerged, diversification has become important, and rest of the debt fund space is a bit murky + +Some of the funds Ive picked out based on high AUM (indicating good corporate investors backing) are + + +1. ICIC prudential savings fund (low duration) + +2. Aditya Birla Sun Life Corporate Bond Fund + + +3. IDFC Corporate bond + +4. Aditya Birla savings fund (UST) + +5. HDFC low duration fund + +6. HDFC corporate bond fund + + +7. HDFC credit risk fund + + +Which of these funds/fund houses and associated managers have good reputation? + +Also any other debt funds worth looking at? +I'm not understanding current market situation at all - pardon my nOObness but I need some help from the veterans here to understand what is happening. + +Everywhere I see a bear market. I'm invested in stocks, real estate, mutual funds ( India) , mutual funds ( US based equities), cryptocurrencies. My worry is that each and everyone of them is decreasing. + +Now my question is - where is the money going? There must be frontiers of investment which pleb like me isn't aware of. +Guten Morgen to this global band of Apes! 👋🦍 + +Yesterday, a new batch of FTD numbers were released, highlighting the staggering degree to which short sellers are committing their crimes. +FTDs only exist because of loose regulation that allows selling of shares before locating shares to borrow. +The sheer number of FTDs around the splividend date makes me believe that the shares that ComputerShare delivered to the DTCC for dividend distribution were used to cover FTDs. +The fact that they are able to freely violate the requirements to deliver shares is one reason that I have very little faith in how the markets are regulated. +It is clearly stacked against retail investors in favor of institutions, who are able to extract massive profits without following the same set of rules. +This is one among many reasons why I HODL. + +Fortunately, none of this changes how I feel about my investment in GameStop. +The leadership at GameStop continues to grow the business despite all of the efforts to make them fail. +The decision to sell stock during last Summer's run-up has positioned GameStop very well to expand into the digital realm while avoiding the challenges of borrowing for growth. +The launch of the GameStop Wallet followed by the NFT marketplace and partner integrations continues to set the path for the digital future of the company. +Meanwhile, GameStop continues to invest in growing the core business, riding the wave of this new console generation. +This is a great company to own, and no amount of short selling or FTDs is going to change that. + +While I am increasingly concerned about the narratives of selling GME to invest in other basket stocks that are popping, I am very satisfied to see the SHFs losing control of their exposure on that front. +I believe far more strongly in GameStop's future potential, there can be little doubt that the SHFs have failed in their attempts to kill Bed Bath and Beyond, and are being squeezed accordingly. +As the SHFs bleed deeply in that area, I am eager to see whether they lose their ability to reign in GME. + +I am traveling this week and do not know if I'll be able to reliably post. +While many days I should be able, I will try to arrange coverage for days when I will not. +Thank you for understanding! + +Today is Tuesday, August 16th, and you know what that means! Join other apes around the world to watch infrequent updates from the German markets! + +###🚀 Buckle Up! 🚀 +*** + + +- 🟩 120 minutes in: **$39.51 / 38,76 €** *(volume: 8846)* +- 🟥 115 minutes in: $39.45 / 38,70 € *(volume: 8837)* +- 🟩 110 minutes in: $39.51 / 38,75 € *(volume: 8509)* +- 🟥 105 minutes in: $39.44 / 38,69 € *(volume: 8239)* +- 🟩 100 minutes in: $39.47 / 38,71 € *(volume: 7588)* +- 🟥 95 minutes in: $39.31 / 38,56 € *(volume: 6873)* +- 🟩 90 minutes in: $39.38 / 38,62 € *(volume: 6167)* +- 🟥 85 minutes in: $39.22 / 38,47 € *(volume: 5001)* +- 🟥 80 minutes in: $39.38 / 38,63 € *(volume: 4885)* +- 🟥 75 minutes in: $39.56 / 38,80 € *(volume: 3494)* +- 🟩 70 minutes in: $39.73 / 38,97 € *(volume: 1910)* +- 🟥 65 minutes in: $39.73 / 38,97 € *(volume: 1843)* +- 🟥 60 minutes in: $39.79 / 39,03 € *(volume: 1834)* +- 🟥 55 minutes in: $39.80 / 39,03 € *(volume: 1824)* +- 🟩 50 minutes in: $39.80 / 39,04 € *(volume: 1816)* +- 🟩 45 minutes in: $39.78 / 39,02 € *(volume: 1399)* +- ⬜ 40 minutes in: $39.78 / 39,02 € *(volume: 1249)* +- 🟥 35 minutes in: $39.78 / 39,02 € *(volume: 932)* +- 🟥 30 minutes in: $39.78 / 39,02 € *(volume: 886)* +- 🟩 25 minutes in: $39.80 / 39,04 € *(volume: 875)* +- ⬜ 20 minutes in: $39.79 / 39,02 € *(volume: 862)* +- 🟥 15 minutes in: $39.79 / 39,02 € *(volume: 862)* +- 🟩 10 minutes in: $39.79 / 39,03 € *(volume: 619)* +- 🟥 5 minutes in: $39.76 / 39,00 € *(volume: 617)* +- 🟩 0 minutes in: $39.80 / 39,03 € *(volume: 445)* +- 🟥 US close price: $39.68 / 38,92 € *($39.70 / 38,94 € 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 1.0195. 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! +For those of you who have not seen the news, Hertz has a new CEO: Paul Stone. Hidden within the 8-k filing they pushed out this morning is the following line: "Mr. Stone will be eligible to receive a key employee retention bonus." Link here: [http://app.quotemedia.com/data/downloadFiling?webmasterId=101533&ref=115018486&type=PDF&formType=8-K&dateFiled=2020-05-18&cik=0001657853&CK=1657853&symbol=0001657853&companyName=Hertz+Global+Holdings%2C+Inc](http://app.quotemedia.com/data/downloadFiling?webmasterId=101533&ref=115018486&type=PDF&formType=8-K&dateFiled=2020-05-18&cik=0001657853&CK=1657853&symbol=0001657853&companyName=Hertz+Global+Holdings%2C+Inc). + +What is a key employee retention bonus? I'm glad you asked! To incentivize employees to remain with the company during a **bankruptcy** period, “stay or keep” **bonuses** are implemented through a **Key Employee Retention** Plan (KERP). (I plagiarized that from [https://www.alvarezandmarsal.com/insights/introduction-world-bankruptcy-compensation](https://www.alvarezandmarsal.com/insights/introduction-world-bankruptcy-compensation)). + +To be fair, they haven't said they're going bankrupt. However, to stop paying executives and three weeks later start paying them again because they're "working really hard" (while continuing layoffs) in addition to this new type of bonus provision speaks volumes about the trajectory that Hertz is on. + +Personally, I expect a bankruptcy filing in a week or I will eat my left shoe. +# 🚨🚨 THE REAL DEEP FUCKING VALUE IS YOUR NFT TOKEN 🚨🚨 + +**EDIT : TL;DR - THIS KNOWLEDGE WILL TRIGGER MOASS** + +Money is fake. It is a symbol of debt \[[15m video explanation](https://www.youtube.com/watch?v=t5ayg3hbhoM)\]. Debt by the Federal Reserve. It is a [hot potato that nobody wants to be holding onto](https://www.reddit.com/r/Superstonk/comments/p36lko/citadel_and_susquehanna_have_today_turned_to_the/) right now. Not even you, Dear Reader. + +So no matter what the ticker says - the real value is recorded on a blockchain. The stock price can be whatever fucking price they want. It's relative. It's priced low because they **want you to think it's worthless**. It's not. This is why were seeing high trade values **OTC** because yeah. That's what it's fucking worth. The NYSE price is simply their **public low-ball offer** to retail traders. But going rate is hidden on OTC. + +They'll certainly offer you millions (eventually) to get that liability of debt off their hands. Don't accept it. It's bait that you think has value. + +Your [NFT Token](https://twitter.com/3LAU/status/1425503092213231624?t=JnYpftRaH50Sh8VVRbRB9g&s=19) :: Deep. Fucking. Value. + +The USD value is deflating against crypto value. That's why it's getting more expensive (to buy shit) because our currency ($USD) isn't worth shit anymore. It's **DEPRECIATING** from **HYPERINFLATION** \[[1](https://datalab.usaspending.gov/americas-finance-guide/deficit/trends/)\] + +**So why would you sell for a depreciating asset? It's an increasing liability of debt that you would be holding by selling** + +Don't. Sell. Shit. HODL all of it. + +This is the secret the shills don't want you to realize. + +The markets are coming down. USD is losing its value. Free yourself of debt by HODLING. They owe a debt to you from shorting GameStop. They will repay their loan by flooding the NFT with value in ETH. + +Buckle Up. I just like the stock. + +Not Financial Advice. + +# Edit : FAQ to Clear up Misunderstandings: + +Q: \[[Post](https://www.reddit.com/r/Superstonk/comments/p3zcem/selling_more_than_one_share_is_a_mistake/h8xefla)\] + +>I can use USD to buy things. Even if it deflated and a lambo is now $3M Vs 300k. I can use my billions in paper money to buy one. Do you think Amazon, ferrari, and real estate agents are going to accept NFT as cash? + +A: NFT's themselves aren't redeemable. However, they do hold "**rest of your life value**" that you **COULD** sell - but **why would you want to**? + +As GameStop does business and continues to grow and expand, your **NFT ownership** would entitle you to **WEALTH** (**NOT cash** because **cash = debt**) FROM that growth - simply because of how NFT's work. That "cashflow" would likely be in the form of Ethereum (ETH) coin FROM your NFT ownership in the company into your Ethereum wallet. + +It is THIS coin (ETH) that Ferrari would accept that is generated through your NFT ownership. Not the NFT itself. + +[https://twitter.com/3LAU/status/1425503092213231624?t=JnYpftRaH50Sh8VVRbRB9g&s=19](https://twitter.com/3LAU/status/1425503092213231624?t=JnYpftRaH50Sh8VVRbRB9g&s=19) + +# SUMMARY : WE OWN THE FLOAT - DO NOT SELL THEM YOUR NFT; LOCK THEM OUT OF OUR WEALTH! NEVER GIVE IT BACK TO THE CRIMINALS WHO SHORTED THIS FROM YOU! + +# + +# (Don't forget to consider registering your shares in your name with ComputerShare!) +Education flair because it shows what is possible in a short squeeze. + +**TL:DR:** There has never been a squeeze before where Shorts have come across an opposition with a price target. Every other squeeze is disorganised. People take profits on the way up, and the squeeze unravels. The closest equivalent to the MOASS we have is the VW squeeze where it was 'organised' as far as one shareholder held the power. + +And it was only ended after that shareholder, Porsche, decided to let them off the hook. + +If we don't let them off. 30million is not a joke. + +And together we change the world. + +**Main**: Many of you would know by now about the VW short squeeze of 2008. But [this article](https://www.telegraph.co.uk/finance/newsbysector/transport/3281537/Porsche-and-VW-share-row-how-Germany-got-revenge-on-the-hedge-fund-locusts.html) was a really good write up of the situation. + +The TL:DR of the squeeze. Porsche swallowed up most of VW's shares through options. When it was announced that there was 5% of the float remaining and 12% was sold short, there was a panic to cover their positions - the short squeeze. + +As the article states: **The scramble for shares meant that shareholders could name their price.** + +Now its important to note, there were two main shareholders in VW. Porsche and a Local government (with as I understand it a set stake). So Porsche became controllers of the situation just like we Apes are now. + +The price made VW the most valuable company in the world. Porsche made more from the squeeze then selling cars. And then Porsche released a portion of the shares for the squeeze to unravel. And it still took 4 days to see a 50% drop from the peak. + +**Repeat: After Porsche released the squeeze, it took 4 days for the price to drop 50% from its highest point, before going down to its normal value.** + +The main takeaway here is: Don't sell this one-time-only opportunity short by trying to take profits on the way up. The more we diamond hand, the higher this goes, and the more lives we can impact. + +You wont miss the squeeze. Trust your fellow Apes. We got here in the first place because we trusted the DD, we trusted our communal peer-review, and we trusted each other that we all liked the stock. + +So trust that we will still like the stock as we fly past the moon and we will leave an indelible mark in human history. + +45mins until German pre-market. Suppose I'm just rambling into the ether of the community I'm so fond of. +Get your coins off of the exchange. If you don't control your private key, you don't have any coins. Until your coins are safely secured, you have zero Bitcoin. What you have right now is analogous to gift cards redeemable at the exchange. Look up the fate of MtGox and BTC-E and others. You have been warned. +Hi r/ethtrader, + +Given the recent developments with ~~Subreddit Points~~ Donuts the past few weeks, we had some thoughts we’d like to share. + +First, we want to acknowledge all of the work u/shouldbdan (and those involved) put towards putting Donuts on the blockchain. It is a pretty novel idea, and we think it reflects the creativity of this community. + +We started [Subreddit Points](https://www.reddit.com/r/ethtrader/wiki/donuts) experiment to reduce the dependence of online communities on centralized actors and make them self-sovereign — communities that exist on their own and have the tools to chart their own destiny. + +We’ve spent some time unpacking recent events, and we have a few concerns: + +1. The bridge between Reddit and the blockchain is centrally controlled by a bot. This makes the bot exceedingly powerful. +2. u/ProofOfDonuts and u/StoreOfDonuts own too many Points. This potentially allows whoever controls the accounts to influence governance unfairly. +3. Reddit is a central source of truth for Donuts balances and new distributions. If the goal is to make Donuts decentralized, it doesn’t make a lot of sense for Reddit to control these functions. + +It might be worth thinking about a more decentralized design. One idea u/carlslarson suggested is to create an Ethereum smart contract that replaces Reddit’s database as the source of truth for Donuts. Reddit would then just read the data from this smart contract and provide a friendly user interface. The contract would need to take over some of the functions Reddit does now, such as distributing new Donuts every week. + +We are open to discuss this further and will support a community-led project like this. + +P.S. At this early beta stage of the project, the goal is to fail fast and learn things. If you see a flaw in the design, don’t panic! We can always fix the flaws and move forward. + +**Edit:** Here's a [link](https://new.reddit.com/r/daonuts/comments/amf0n2/welcome_and_faq/) to u/carlslarson's welcome post about r/daonuts +Treat them as a scam until the team proves otherwise. Not the other way around, trusting them blindly until someone proofs that they are a scam. + +Just my two wei... +Good day my beautiful apes! I hope this day finds you Zen and well hydrated. I had a bit of an epiphany last evening, during my evening superstonk sesh. I think I decoded a recent Pulte tweet. I wrote a comment. The comment got some traction. I thought I should write a post. Here is Pulte's tweet: + +>Wall Street Analysts and Reporters are missing a crucial piece of the puzzle but I have a feeling I know *who* helped and I won’t say. No surprise. Brilliant move. $twtr- Pulte on Twitter + +https://twitter.com/pulte/status/1518673548524486656 + +Who is Pulte talking about ? What is the missing crucial puzzle piece? Who is brilliant? I think I get it. + + I believe "the who" Pulte is talking about is short sellers. By abusively shorting $TWTR and suppressing the share price, short sellers have inadvertently made Twitter affordable to Elon Musk. FINTEL reports that Twitter has 38M shares shorted or 5.71% of the float. We can guess that the real short interest is much higher. + + I believe that Twitter's suppressed share price is the "missing crucial piece of the puzzle." Musk would not be able to afford Twitter if it were trading naturally. Abusive short-selling is Walls Street's dirty little secret. Insider analysts cannot report on it and remain employed. + + It's is a "brilliant move" on Musk's part. He pulled a reverse uno on the dumb storm troopers of short selling. I gotta admit, I'm warming up to Musk a little. + + Thanks for reading! Love to all y'all. Obligatory buy, hold, DRS, vote! See ya on the moon! +Three years ago my wife and I bought an art deco house to renovate and start a family in. The reno was tough with my wife being pregnant at the time and a number of challenges along the way but we eventually moved into a beautiful house. + +Shortly after moving in we found gaps between the floors and skirting boards that the builder hadn't noticed. They had previously been hidden by thick pile carpet which was removed. I spoke to four different tradies who suggested I get someone to go under and raise the subfloor which I did. What none of them mentioned was that that would shift the nearby walls also and huge cracks appears across our fresh paint and drywall (this was my first renovation and I don't know much about building - I just try to get advice from those who do). While this was heartbreaking we got everything patched up and thought everything was good. + +However, years later it seems that work caused a chain reaction throughout the house. Joins in carpentry have separated (window frames, outward skirting board corners, floorboards etc), door frames have shifted, grouting has cracked and tiles have popped up and even cracked at the other end of the house. It's like a thousand one percenters have appeared almost over night. + +I can't blame the builder because the issue was caused after he finished so now I'm stuck with a ruined renovation and no time or skills to fix the problem. We bought the house because it had good bones but now all my wife and I see some the house is cracks and it causes a lot of stress and anxiety. + +Does this sound like there is any hope or have we bought a money pit? +Hi, + +I just wrote a resignation letter that I'd like to give to my boss next week... but I'm afraid to do it. Partly because I don't know what I'll do after quitting; we still have covid floating around, travel is risky, etc... Also because my SO is still working and won't quit for at least 6 months (which means I'll get cheap, good healthcare w/o paying for it for 6 months at least). I have a work-from-home job where I make a very good living but I hate it and the people I work for. Should I just suck it up and slog on for 6+ months to sock away more cash until my SO quits too? + +47/M. Net worth including real estate equity: $11.3M. excluding real estate equity: $8.6M. Homes are paid off, no debt. I'd be walking away from $2.3M in unvested RSUs and a total comp of about $1M/year. Need to put the kid through college coming up here but, other than that, no real obligations as long as we stay healthy. Retirement budget is \~$170k/year but we've lived on $150k for the past \~10 years+ so I'm not expecting to have any major lifestyle changes other than (I hope) a little more travel. I've talked with two financial advisors (fee based and free, with my brokerage) and done my own analysis... we all agree this is safe / doable. But I can't get comfortable enough to walk away and I don't know what I'd do if I did it. + +I'd appreciate any thoughts or advice. This is a throw away account but a real situation and person asking for your thoughts. Thank you in advance. +I remember back when I didn’t want to pay list price “on principle” (bidding wars over list price are not really a thing in my primary city) and lost to another buyer over $1,000. It was a nice lot in an awesome neighborhood. + +Lesson learned - if the listing agent is dumb enough to underprice, hurry up and take it. +My spreadsheet now shows me that the market is reaching my personal bottom. That means, the prices will fall just a little bit more, then I'm selling everything, cashing out the cryptos, all of them down to empty bags. + +Within 15 minutes of me doing that, the market will turn, at first only going sideways, just to keep me from reinvesting. Then, while I'm asleep, the rocketship ignites and boosts all cryptos straight to the MOON! + +I just thought I'd give you fine gentlemen a heads-up, because this downturn is almost at an end. +* Valuation as public company could be double last funding round +* Workplace chat company plans unusual direct listing next week + +source: Bloomberg [https://bloom.bg/2WDJ3Nm](https://bloom.bg/2WDJ3Nm) +I’m fairly new at options and understand this may be a lotto play but am reasonably confident GME could climb over the next few weeks. How would I determine what the best options to play are based on this assumption? For example, if I think GME will hit $250 this week am I best to buy 11/26 options or go out a week past that? Also with this week bei a short trading week, how would that be factored in? Any input is appreciated. Thx +Thank you for looking out for retail. I know it is presumptuous of me to telk you what to focus on or talk about. + +PFOF is an important issue to be sure. But it seems to me that infinite liquidity facilitated by FTDs are at the core of our woes and the imbalance in the market between retail and big players. + +The ponzification of our markets has to stop. + +I hope you keep this issue in mind in your fight for transparency and fairness. + +Godspeed in your efforts. + +**Edit. Reply from u/dlauer: Agreed. We'll be expanding the WTI platform soon to work on this.** +[https://www.bybt.com/LiquidationData](https://www.bybt.com/LiquidationData) + +The hard resistance has finally broken through $48,000 with buy signals still heavily in the green as the wider crypto market is pushing upwards. + +If we push past $50,000 with little to no resistance the next sell wall will likely be somewhere around $53,000. + +Prices across the crypto board continue to increase even in the face of political and monetary uncertainty, with multiple countries struggling to get a solid hand on their financials, and spending trillions more through uncertain stimulus packages, with no end in sight. +I'm lucky enough to live in an Asian country where COVID hasn't been that bad, and I'm itching to travel again. Normally I plan high-end vacations about six months in advance, and I read that bookings for 2021 are already becoming competitive. I'd love to book some African safaris or an Antarctic cruise, however I foresee the hassle of trying to get a refund / postponement if travel is still messed up beyond the summer, or the possibility that my travel agent goes belly-up between now and then as business has been really bad this year. What are others doing? Are people securing bookings now or just sitting tight? + +Also, are there forums for high-end travel besides r/FATTravel (which is great, but doesn't have many members). Flyertalk has a luxury hotels subsection too. I'm wondering if there are other popular alternatives. +I'm a low income senior getting OAS pension with Guaranteed income supplement plus I live in a BC Housing seniors building. I'm looking to inherit about 30 thousand dollars and I'm worried I'll have to pay market rent and lose my GIS so after a year I'll be poor without GIS or BC Housing and I never got to use the money to improve my life. + +Does anyone have knowledge of the rules around a one time windfall and getting to use some of it to make my life better and not just more expensive? + +Edit: Thank you to everyone who took the time to share your knowledge and opinions. Y'all helped me greatly. +I've noticed the question is popping up more and more, "how do we know when we're in a bear market?" or phrased another way, "is this bull run over?" + +So, I'd like to share with you some charts that people here probably are not really aware of or view that often. + +# SMA 1458 days + +The first one is the 'simple moving average' (SMA) over 4 years (1458 days). The reason it's here is because the SMA 1458 indicator has proven to be very accurate support for bitcoin price. + +https://preview.redd.it/nzwn5quqe7x61.png?width=1182&format=png&auto=webp&s=1c01f1bb467312ab7da279aebd62d377665243c9 + +You can see above, if we go by the last run we still have some yellow-orange-red to get over. Best time to buy is when it touches the SMA 1458 line. + +# Stock to flow model + +>The 'Stock-to-flow' is a number that shows how many years, at the current production rate, are required to achieve the current stock. The higher the number, the higher the price. + +You can read more about the model in the link after the chart, but one of the reasons this has been so accurate is because of Bitcoins 'halvening' feature. + +https://preview.redd.it/wgq5nyqpe7x61.png?width=1340&format=png&auto=webp&s=f66ed0be357f76531a588645bc5add1972eb3a54 + +Again, if you're a little slow, like me, just look at the colours (after yellow is bad, blue is good buy time) + +# Miner capitulation + +This chart shows the last cycles side-by-side along with indicators for when there was halvening and then the blocks since difficulty bottom. + +I like it because it gives you the runs next to each other to get a better idea (or better guess) 'where we are' + +https://preview.redd.it/1v9hcvxoe7x61.png?width=1338&format=png&auto=webp&s=52ec1184211d94447abe3363f3eb50352e2fb43a + +# Beam indicator + +This last one is for the degenerates here who like to short/long. This chart is a nice way to look at 'when' to buy (or long/short if you like that sort of thing) + +https://preview.redd.it/ry01gq1oe7x61.png?width=1314&format=png&auto=webp&s=f1f4a4f3b4b66805508f3d82136d31fa5e858966 + +# Rainbow Chart + +Thanks /u/Yusaliano for pointing out this one - how could I have missed it! It's a little similar to the Stock2Flow in a way, but in another way, it has more colours, so that's always going to be more better: + +https://preview.redd.it/bwiv479mx8x61.png?width=1221&format=png&auto=webp&s=02f9d27c8a81b7f3ac4ddbddd160c109d18d96fb + +\--- + +There are a lot more indicators and charts, but these are the main ones I check in on every now and then to try and get an idea of 'where' we're at in the current run. + +Source of charts is [digitalik.net](https://digitalik.net/btc) and of course, **this is NOT financial advice.** + +These are just some different charts to look at to get a better idea of where we are since halvening, where we are compared to where we were last cycles, etc. + +If you've got any others you like to use please share them with the rest of us, hope these help! +Guys, considering the recent depreciation of EUR against USD. Do I lose/underperform in some way by investing in VWCE? My plan is to continue buying on monthly basis. +Hi all, as someone in early 20s I think I am ready to invest. I have a bsc in business and it recently struck me that my money is just sitting in bank. + +I am a simple man looking into buying Vanguard Ftse all world. I am planning to spend 5-8k €, the Etf itself is diversified. Hence, does that makes sense, just having 1 etf? + +Cheers +I am 27 years old living in Germany, I am married with three kids. I finished my PhD 2 years ago and have finally cleared all of my debts. So I will begin to invest our money. + +I earn around €8K per month and get a pretty reliable 20K bonus every year. Our outgoings are around €3.5K per month. My income is also likely to grow up to around €250K per year if I continue on my current career path. ** updated as asked below: my PhD is in chemistry and I am a manager in a group strategy function of a leading technology company. + +I have read online various strategies and have landed on a combination of secure ETFs, high-risk ETFs and crypto- with contribution weighted based on risk. As my wife is somewhat wary of investing, we would also compliment this with more traditional saving. + +My plan: + + +1. 350 / month in MSCI world ETF +2. 50 / month in AI and Big Data ETF +3. 50 / month in digital economy ETF +4. 50 / month in MSCI emerging economy +5. €5 / day in each of: Bitcoin, ethereum and litecoin +6. 500-1000 in traditional savings account every month +7. Top up to ETFs / crypto with the annual bonus + +What do you guys think? Any red flags or advice? + +Thanks in advance! +In America, everyone talks about index funds. In Europe, everyone talks about ETFs. + +I've gotten the impression that Index funds are kinda like banks where you deposit money and it makes money whereas ETFs are things you buy hoping they'll gain in value. + +I think the former option sounds more attractive than the latter. First off, could someone explain to me how the financial structure of both works. Don't explain the index part 'cause I understand it. What I don't fully understand is the way you "evaluate your wealth" in each scenario. + +How can you even invest in index funds as a European? +I've been reading a lot of posts on this sub recently to get some new views on how to allocate my savings. The thing I noticed is that everyone here is recommending to invest in VWCE and even to put all money into it. I know that it's basically covering almost the whole marker, so it's pretty safe for long-term investing. The question is, are there any risks due to choosing only one ETF? (like ETF closing and loosing all the money in it etc) +I'm a 26 year old based in the EU and have been reading and researching about all things finance, money, personal finance and career changes for over 3 years. + +I wanted to create an ebook that includes help on earning more money (career help and side ventures), saving more and investing. + +I wanted to ask 2 things: + a) What are some of the most important points you'd like to get to know more about ? + b) How much would you be willing to pay for an ebook on this topic? + +Thanks for your help +ICO Buyer Slack: https://join.slack.com/icobuyer/shared_invite/MjA5MTcxNTI2MDUxLTE0OTk0MTE4NTgtOGYxYmZiZGM4Ng + +[**Bug found in contract! Users should carefully consider the risks.**](https://np.reddit.com/r/ethtrader/comments/6iavc3/never_miss_an_ico_again_status/dj59wqy/) + +Looking forward to the Status ICO, but worried you'll oversleep or that your transaction will fail? Simply send ETH to [my smart contract](https://etherscan.io/address/0xcc89405e3cfd38412093840a3ac2f851dd395dfb#code) any time before the ICO and it will buy in for you! After the ICO and once the Status devs have enabled token transfers, you can withdraw at your leisure by sending 0 ETH to my contract. No fiddling about with "watching contracts" or any of that nonsense. + +You may remember [my contract's previous deployment for the Bancor ICO](https://np.reddit.com/r/ethereum/comments/6ghqp0/never_miss_an_ico_again/) where it successfully purchased a little over 425 ETH worth of BNT. (Although, note that users haven't yet withdrawn their tokens, as [the Bancor devs have pushed back unfreezing transfers.](https://blog.bancor.network/token-activation-update-285ba81995b1)) + +Some of you may have heard that the Status devs have placed a blanket ban on contract participation in their crowdsale. So how can my contract participate? The Status devs have been generous enough to specifically whitelist my contract, enabling it to purchase up to [500 ETH worth of tokens.](https://np.reddit.com/r/ethtrader/comments/6iavc3/never_miss_an_ico_again_status/dj52b5o/) Note that the Status devs may decide to increase my contract's allocation if it attracts a large number of non-whale participants, as their ICO is built around evenly distributing their token. Given the purchase limit, my contract will use the ["proportional refund" model](http://vitalik.ca/general/2017/06/09/sales.html) to make sure everyone can get a piece of the pie. With this model, every user gets a fraction of the purchased tokens proportional to the amount they contributed. + +Users who want to avoid the 1% fee on their purchased tokens can send 0 ETH to my contract during the ICO to simulate entering the ICO normally. There's no fee for the amount the user would have been able to purchase in the ICO without my contract's help. + +The contract works by placing a bounty on the execution of the "buy" function, which buys tokens during the ICO. Anyone can call the buy function once the ICO has started to claim the bounty, although they'll be competing with me to be first! As my contract has been whitelisted by the Status devs, it isn't restricted by the 50 GWei gas price limit, so the bounty is likely to be won on the first block of the ICO by the "buy" caller willing to pay the most in gas. + +I've had a [$2,000 bug bounty](https://np.reddit.com/r/ethdev/comments/6ht752/second_bug_bounty_for_status_ico_buyer_contract/) posted for two days now, but that doesn't mean you should just throw your ETH at my contract! Exercise caution and recognize that there's always risk to using smart contracts. + +Users attempting to contribute more than 30 ETH will have their transaction fail. This restriction is meant to limit whales from eating up all of the tokens and only leaving scraps for the normal users my contract is meant to empower. Additionally, users' "refunded" ETH can only be withdrawn along with their tokens, effectively locking contributed funds until the Status devs enable token transfers (1 week after the ICO). + +Users should only send ETH from an address that they own the private keys for. For example, MEW, Mist, and Parity are all fine, but you can't send from an exchange. To interact with my contract from an unsynced wallet, it's recommended to use at least 100,000 gas for each transaction. Users can withdraw their funds at any time before the ICO starts by sending [a 0 ETH transaction to my contract with '0x3ccfd60b' as the transaction data.](https://etherscan.io/tx/0xc094eb6dedda2fe15e5fa49f4c9a23c075f7e755e0448cc14432e2a2d1328e61) Once the ICO starts, users can call the "buy" function by [sending a 0 ETH transaction with '0xa6f2ae3a' as the transaction data.](https://etherscan.io/tx/0x08c206f3addd03aef6dd88c44af04324234c882335e17489a0da3ae91987670e) + +Contract Address: 0xcc89405e3cfd38412093840a3ac2f851dd395dfb + +Contract Code: https://etherscan.io/address/0xcc89405e3cfd38412093840a3ac2f851dd395dfb#code + +Edit: Uploaded my contract address, as [the Status devs have released their ICO address.](https://contribute.status.im/) Will update when they've finished an informal audit of my contract and confirmed my contract's initial SNT allocation. + +Edit2: [Status' Jarrad Hope has confirmed a 500 ETH allocation for my contract!](https://np.reddit.com/r/ethtrader/comments/6iavc3/never_miss_an_ico_again_status/dj52b5o/) + +Edit3: Thread's back up! I had accidentally triggered the auto-mod by linking to Jarrad's post without a non-participation tag! /u/_CapR_ set things straight, though, thanks mods! [The temporary thread I set up got a few comments.](https://np.reddit.com/r/ethtrader/comments/6ic3tn/never_miss_an_ico_again_status/) + +Edit4: Heading out now! Be sure to help each other out in the comments! + +Edit5: Just as I was leaving, [a small bug was found.](https://np.reddit.com/r/ethdev/comments/6ht752/second_bug_bounty_for_status_ico_buyer_contract/dj58a65/) Please do not add more ETH to the bounty. The bug will cause the last user to withdraw to not be able to withdraw their SNT/ETH. I've contributed to the contract myself and will not withdraw my funds, ensuring nobody else loses their funds to the bug. + +Edit6: I posted [details on the effects of the bug.](https://np.reddit.com/r/ethtrader/comments/6iavc3/never_miss_an_ico_again_status/dj5a501/) + +Edit7: Users should note that they can still withdraw before the ICO by sending a 0 ETH transaction to my contract with '0x3ccfd60b' as the transaction data. As a bug has been demonstrated in the contract, users should weigh the risks and carefully consider this option. + +Edit8: [It worked!](https://etherscan.io/tx/0xaf850c7b9f681e81e8f6b122658f1f42ee4bf428dad32d8c6b3b1e3aee7d18d0) And the bug shouldn't be a problem now. Don't forget to withdraw your ETH/SNT in one week! + +Edit9: /u/jvs_nz made [a great post going over how my contract works](https://np.reddit.com/r/ethtrader/comments/6iavc3/never_miss_an_ico_again_status/dj6hg5x/) and another one describing [what the bug was and how it's been resolved.](https://np.reddit.com/r/ethtrader/comments/6iavc3/never_miss_an_ico_again_status/dj6kbjp/) + +Edit10: I made another [cute contract that sells SNT before it becomes tradeable.](https://np.reddit.com/r/ethtrader/comments/6ip2vg/trustless_snt_selling_contract/) + +Edit11: SNT will become tradeable (and therefore withdrawable!) June 28th at 11:45:21 AM UTC. + +Edit12: If your wallet won't let you send a 0 ETH transaction, try adding '0x00' to the transaction data. + +Edit13: Withdrawals are live! I recommend using 200,000 gas! + +Edit14: /u/j1mmie posted a screenshot of his [successful withdrawal settings using MEW!](https://np.reddit.com/r/ethtrader/comments/6iavc3/never_miss_an_ico_again_status/djio2hh/) +In light of the SEC probe into ICOs, we the investor community should demand new ICOs take up the DAICO model proposed by vitalik. This will provide investors with greater protection and probably eliminate the vast majority of scams. + +No matter what, the SEC is going to regulate ICOs but their level of scrutiny could be a lot less if ICOs are being used for good. + +DAICOs could be the killer use case for ethereum but only if investors demand it. It provides TRUST for aggregating and distributing large sums of money in a DECENTRALIZED way. This is something that can’t be accomplished in traditional finance without a middleman. + +For example, let’s say you wake up one day with a brilliant idea and you get some funding from friends and family and your idea actually has promise. Your next step is to get equity funding from a venture capital firm who will evaluate your idea on behalf of investors. The reason why you can’t go directly to public investors (e.g. the stock market) is because VCs among other things are acting as the first line of defense to weed out scams. + +DAICOs help perform this function and eliminate the middle man. DAICOs by definition will keep scammers at bay while enabling regular investors to benefit from VC-like returns. This cannot be performed in a decentralized manner without ethereum. In my opinion, this is ethereum’s killer use case and it starts with investors demanding new projects use a DAICO format and not a vanilla ERC-20 token. + +Edit: Forgot to define DAICO - in ELI5 terms, a DAICO is an ICO but with strings attached. Devs can only withdraw money at a predetermined rate and if the dev fails to deliver in a predetermined time, token holders can vote to return the funds. +So I just started investing and I'm really interested in US stocks, but I want to avoid all of the exchange fees that some brokers charge. Which broker should I go with? I want to start off with around $2000 and then potentially invest more when I can. + +I just opened a Questrade account, but I was told that Questrade's most useful if you're an active trader. I'd consider myself as more of a passive investor, as in I just want to buy some shares and hold on to it for a long time. With that in mind, should I stay with Questrade, or should I just use my current bank (CIBC)? + +EDIT: Hey all, thanks for the comments. From what I've read, I'm gonna go ahead with Questrade for now over CIBC. Questrade's commissions are a little higher ($4.95 - $9.95 / share) than CIBC's ($6.95 / share) but considering that CIBC charges for ETFs whereas Questrade doesn't, I'm gonna go with Questrade. Also, I looked into Interactive Brokers, but I saw that there are inactivity fees per month and I don't see myself trading often enough to cover those fees. +Not sure if this is the correct subreddit for this but I booked a Thomas Cook flight on Wednesday, however, the firm has obviously gone bust. The flight isn’t until November and the outward flight is with a different airline (all booked via last minute.com). I bought travel insurance on Friday which covers airline failure. Am I able to get a refund on the return flight and also claim it on travel insurance? I will obviously have to book another flight back but I’m guessing they’re not obliged to pay for that? +I don't know how many people here have a long record of consistently beating just buying and holding SPY, but I have seen several posts over time where that claim has been made. + +Definitely not looking to spark a debate about whether or not they're telling the truth or how likely that is to continue, but I *am* curious to know how those same people would have done simply buying & holding whatever underlying(s) they've been trading to have that past success. I mean, if you disregard an unnatural streak of dumb luck, then selecting high-quality tickers to trade is probably going to be one of the most (if not *the* most) important requirements for succeeding. + +So... if you've got a talent for picking good companies, would you have been better off just buying shares (with or without leverage) and selling for income as needed? Or, has selling premium actually generated consistent alpha for you? +I'm using a margin account and now after the recent large drops I'm not so far from a margin call. I'm mainly.long growth stocks FB avg 242. Baba 129. Paypal 128. , INTC 49, the rest is mainly ETFS: SSON, MOAT etc. + +How would you hedge this portfolio to be able to survive a larger drop? + +I was reading 60 days OTM puts on SPY with 0.5 delta approx 30% OTM. Would this work? + +I was trying it already but the cost of the puts was quiet large and then I stopped because I felt I'm.just burning money. +Over the weekend myself and some friends were discussing expenses and it blew me away that no one knew how much their weekly expenses were. + +I use a spreadsheet with all annual expenses broken down into a weekly figure that I put away each paycheck. This is so that when a bill comes through, I've already got the correct amount of funds put away to pay it. + +How does everyone else plan for regularly occurring expenses? + +Below is a screenshot of my breakdown in case anyone is interested. If you have a regular income, I've found this, coupled with a few separate bank accounts, is the easiest way to budget for those larger expenses no one wants to reach into their pocket for. + +\*EDIT. The screenshot is only a portion of the sheet. There are other columns that show the values as monthly, quarterly, annually etc + +https://preview.redd.it/590dtyrdm1x91.png?width=515&format=png&auto=webp&s=aadf9abdb9dccaaf0f6e71885e0be646cc62e7a6 +“Boris Johnson has promised to create "Generation Buy" with low-deposit mortgages to help get young people onto the housing ladder. + +The Prime Minister said he would "fix" the problem of unaffordable deposits that has caused millions of people to put their dreams of home ownership on hold. + +Speaking in his Downing Street office, the Prime Minister outlined his plans for a successor to Margaret Thatcher's Right to Buy policy as he explained how he would solve the problem of "Generation Rent". + +He said: "I think a huge, huge number of people feel totally excluded from capitalism, from the idea of home ownership, which is so vital for our society. And we're going to fix that – 'Generation Buy' is what we're going for." + +More than two million people who are comfortably able to afford mortgage repayments are locked out of the housing market because they cannot save up for deposits, which typically run to 15 or 20 per cent of a property's value. + +Mr Johnson has asked ministers to work up plans for encouraging long-term fixed-rate mortgages with five per cent deposits. They are likely to involve reversing regulatory changes made in the wake of the financial crash that have required banks to stress-test applicants. By removing stress tests, banks would be able to offer 95 per cent loans, as was the norm 15 years ago. + +It is understood that the Government could also accept some of the risk through a form of state guarantee to give lenders additional confidence. + +Mr Johnson said: "We need mortgages that will help people really get on the housing ladder even if they have only a very small amount to pay by way of deposit, the 95 per cent mortgages. I think it could be absolutely revolutionary, particularly for young people."” + +https://www.telegraph.co.uk/politics/2020/10/02/exclusive-boris-johnson-vows-put-generation-buy-housing-ladder/?utm_content=politics&utm_medium=Social&utm_campaign=Echobox&utm_source=Twitter#Echobox=1601671182 +Hi all! Wife and I are about 30 and she’s about 2 months pregnant with our first child! I’m a bit unsure about how to financially adjust to our new reality, but here’s our context. We both make $145k each plus solid bonuses in a high cost of living area. Don’t own property yet but also have no debt; we were prioritizing saving for a home in 2023 prior to the pregnancy news, but now the situation is obviously changing. The major variable is my wife is leaning towards being a stay at home mom rather than return to work, which I support but it’s a massive hit to our finances to lose half our income. + +We have a healthy cash position / emergency fund that we are continuing to grow, and the rest of our liquidity in the market (both retirement and non-retirement). My major concerns are the following: + +1. Being able to continue to save enough for a house while paying for all that comes with a pregnancy/baby (we have great insurance luckily, but I’m still expecting this will cost 10s of thousands of dollars over the next few years). + +2. Retirement savings as a single income family. Should I still try to max my 401k savings since my wife won’t have one? This is a tempting area to deprioritize in the short term while we work towards a home and pay for baby, but I’m afraid to fall behind in retirement. + +Any guidance, feedback, links to resources are greatly appreciated! To be clear I am not currently looking to hire a financial planner so please don’t message me offering services, just hoping for some friendly advice. +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. +I'm in the Eurozone and as we know, rates are well below zero. I can get a 10 year fixed mortgage for 0.6%. As a result, house prices are almost prohibitive. + +Is this a good time to get in with a 10 year, or better wait and get cheaper prices with higher rates? +Curious about everyones thoughts specific to the Phoenix market. I really can't see it going up my much higher. Would it make more sense to wait a few months? +...will be something you don't expect. Any known quantity won't matter. People dying of the virus won't matter. Bad economic data won't matter. People being out of jobs won't matter. + +What will cause the next chaos in the market will be something which is currently unexpected and which might emerge. + +Examples that are plausible tail-end risks to the virus: + +1, Italy goes broke and cannot service its debt or will not service its debt. Possible as eurobonds aren't going to happen and they have a huge debt mountain. This would cause a debt spiral which would engulf the entire world and be an absolute financial disaster which dwarfs 2008. Italy could also trigger trying to leave the EU if eurobonds don't happen - public opinion has shifted due to the virus. + +2, China vs the west break down of trade/relations. Company valuations are often based on global supply chains. If these break down (which could happen) it means all these blue chip multi-nationals that make up index-trackers suddenly lose a huge amount of potential value. This would cause a stock market collapse. This is possible as the west might hold china responsible for killing millions of people here. There will also be a movement against globalisation with countries being unable to source things from abroad in a crisis. Protectionism and pulling back from globalisation would devastate big multi-nationals. + +So stop expecting bad unemployment numbers to cause a stock market decline when central banks and governments are pumping in trillions of dollars, pounds, yen and euros. It will be one of these new things which causes the next crash in the market. +My portfolio, like many others, is red. Red, red, red. Although I am to hold these investments long term I check multiple times a day, to see how the price is and get extremely panicked when there's any dip, like we're seeing now. + +I'm new to investing and what to lose my current mindset and shift to a more "long term profits > short term profits" mentality. + +Thank you in advance for any and all help +Hi all, +I'm 30 years old and I just opened up a Charles Schwab. I currently have about 100k to invest and I was looking to invest it for the short term - middle term. I already maxed out my contributions to my IRA. I am risk adverse and super cautious jumping into investing for the first time. From my research so far I've been looking at investing into VGT 30%, VXUS 30%, VOO 30% then 10% into more speculative stocks/etfs like arkg and maybe amazon or microsoft. As for the latter part I'm torn if it should go into bonds because I have a steady job and relatively young. I like VXUS to divertise and broaden out to international market especially how I'm not sure how the US feds can sustainably keep pumping money into the stock market. It just seems like the US covid response is lagging behind much of the world. Tech does seem like something that can continue to earn in the times of covid. What do you all think? +I'm 21 years old and about to finish university. + +To my knowledge, the current bear market presents an opportunity to invest whilst prices are low. + +Does this apply to ETF's or just stocks? And where would be the best place to start with a few hundred £££? + +All advice is appreciated, thanks! +I’ve been researching and learning about ETFs for a little over a year now. I was wondering, what in your opinion would be the best ETFs to hold until January 2024? Currently I’m looking at QQQM (although I think…we’re in tech bubble???) , VTI, VOO, and VT. Feel free to reply with any sector ETFs as I’m not disregarding their potential. +In order: + +ESPO/HERO/NERD (video game ETFs)- 43% + +BABA- 10% + +TWLO-10% + +FSLY- 10% + +FB- 9% + +CRWD- 7% + +PTON- 5% + +SQ- 5% + +How do you think I’ll do this year😁? +Hi! I am in my early 30s. Have about US$100k to invest and have been sitting on the sidelines for too long. I need some generous help from all you guys to help me figure how I can build my ETF portfolio and start investing ASAP. The market has been moving up so high and is quite scary - what if it crashes and my hard-earned savings lose considerable value? My horizon is long term - say 10 years - and my goals are to generate a decent income - I would say my risk appetite is moderate as I am new to investing but can also take slightly more risk as I am still relatively young. :P + +a) Should I go lump-sum or systematically split it up over a few months given the current market? What strategies do you recommend? + +b) What should be in my portfolio (prefer UCITS)? How do I split across growth and diversify internationally? How do I diversify across stocks and bonds and gold and real estate ETFs etc.? + +Thanks a mil in advance guys. +I'm working on creating a simple ETF portfolio that I can DCA into overtime. The GME episode made me realize that I can be an emotional investor (shocker), so this is my effort create a portfolio that I can contribute to and not deviate from over time. If I can set this and then almost never think about it again for the next 5 years, that'll be the dream. + +I would love people's thoughts/suggestions on both the ETFs and the allocation %! + +&#x200B; + +**Core Holdings – 85%** + +(30+ year horizon) + +||`% Allocation`|`Rationale`| +|:-|:-|:-| +|**VTI**|65%|Core US Exposure| +|**VXUS**|20%|Core Intl. Exposure| + +&#x200B; + +**Growth Holdings – 15%** + +(3-5 year horizon before re-evaluation) + +||`% Allocation`|`Rationale`| +|:-|:-|:-| +|**ARKK**|3%|Higher risk but willing to trust Cathie and see how it goes| +|**ARKG**|3%|I have bought into the genomics hype and think there is a lot of room to grow here| +|**ICLN**|3%|Renewables are the future and I browse this subreddit sooo...| +|**QQQJ**|3%|I was between this and QQQM, but since it's a small % I figured I'd rather lean towards betting on potentially higher growth| +|**GIGE**|3%|SoFi's Gig Economy ETF has a great mix of eCommerce, Fintech, and other holdings that I'm very interested in (and the ETF is seriously slept on here). I also think that gig services are here to stay and will only grow more prominent over time.| + +&#x200B; + +Additional ETFs that I considered: + +* QQQM +* WCLD +* VUG +* SGOL +Hello, I have seen people suggesting adding international exposure to hedge against US downturn/slowdown for a long time now. I want to do it too, but looking at the performance of VXUS, which is by far the most commonly suggested way to get that exposure is making me unsure. + +Just to talk some numbers, looking at the price, the price of VXUS has gone up by 32.95% (cumulative) since its inception on 1/26/2011 and even if we calculate dividend reinvesting into the mix, using ETF Total Returns Calculator, the annual returns comes out to be 5.6% since inception. Is everyone investing in VXUS expecting better returns in the future or this is an expected return? + +Just trying to understand so I can go in better educated with my investments. + +Thank you for your input. + +&#x200B; + +https://preview.redd.it/hbvh4zqewv171.png?width=1544&format=png&auto=webp&s=076eabf43ce4e14c1ed0b6c738d41a11eaee5c8b +I'm looking to diversify my portfolio and invest in a low expense etf, primarily focused in innovative technology (like AI, robotics and automation, bio technology, etc.) Most of the etfs I've researched have ERs more than .4%. I know most of these types of funds like ARKQ and BOTZ are actively managed, but are there any more passively managed? +My portfolio is 80%VTSAX, and 20% ARKF. After thinking about where we stand in the world and where we are headed, I believe automation will take over a large aspect of civilization itself. I’m thinking about going 90% ARKQ and 10%VTSAX. Your thoughts? +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! + +Just had a discussion with my wife and I am blown away. + +I am from Europe. Moved a year ago in the US and love it here.First thing I did after starting my job was researching about the system here and I immediately started to build credit history and also opened a 401K. My colleagues are all Europeans (we are a small branch from a EUR company) and they all did the same. + +My wife who is working in a US company with American colleagues got a conversation at the office today. Out of 10 people, only one had a 401K (the company has a 401K plan with 50% match up to 6%) and he said he didn’t know how it works and he is just following his advisor advices. The 9 other employees (aged 23-35) either didn’t know what it was or said things like “who cares about retirement”. +I related the same experience with a couple people I met here but thought they were exceptions. + +One thing I noticed in one year in the US (and I lived in multiples countries in Europe, Asia, Africa and in Canada) is that I have never seen a country where people talk that much about money and where it matters so much. +Yet it seems like a lot of people are ignorant about retirement, far more than in other developed countries. + +Why is that? Is it a problem of the current generation, has it always been the case? Why is there not more education (school, work, parents) about it? I am not even talking fire here but basic retirement. +Being in a world where the information is so easy to access yet be ignorant on that (or any important life topic for that matters) is beyond me. + +This FIRE sub should be the first thing they ask you to follow at school :) +It seems like cnbc keeps giving these clowns airtime to constantly say that a bear market is nearly upon us. This has been happening for years . How do these guys who are constantly wrong , make money for their company. Are they involved in" pumping and dumping". ? +Friends of PF, + +I've stalked this sub for months and posted some replies every once in a while as well. I figure that I will make my first OP about something super exciting. + +Today, I called my bank to get the exact payoff amount and made a payment in full for the balance of my wifes and my only auto loan. At 24 and 25, respectively, we now have two cars worth roughly $38k collectively and now have $362.41 more a month to do what we want with (sadly snowballing it into student loans for a while). + +Wondering if I should call my insurance company and see if i can get a lower rate once I have the title in hand? I can remember certain policy questionnaires asking for vehicle status, but I'm not sure if my rate would change at all? + +Thanks all for the inspiration and help I have received while lurking in the shadows of this sub. + +**Edit 1:** No intention to decrease coverage, just curious if the premium amount itself drops as a result of no longer having a lien. However, I have enjoyed the amazing perspective from all of y'all on ins and outs of insurance. + +**Edit 2:** I am bad at grammar. + +**Edit 3:** Current value of our vehicles is $35,900. + +There are 104 profitable companies with a > $10B market cap that have poorer performance than $GME year-to-date. + +I mean, yeah, they're "meme stocks". You know, like Walgreen's, Microchip, Home Depot, Broadcom, Dell, Best Buy, GM, Microsoft, Disney, NXP, Domino's, Ford, Sherwin-Williams, Garmin, Comcast, FedEx, Trimble, Google, Salesforce, Intuit, Micron, Qualcomm, Tesla, Nike, Amazon, Intel, Estee Lauder, Adobe, Teradyne, Nvidia, Netflix, AMD, etc. + +Absolute trash. No-names. + +Guess you should stay away from those too then, right? + +Go fuck yourselves. +I'm a software engineer at a one of the FANGs. I make 400K/year. I have a steep career trajectory and I can see that number doubling over the next \~six years if I continue to get lucky and do well. + +&#x200B; + +But how do I break 1M/year? Move to quant finance? Do I have to start my own company and get acquihired back into FANG? Do I have to join the next FANG company early on? Start politicking like crazy and try to steepen my trajectory further? Do a bunch of interviews and get all the FANG companies in a bidding war over me? + +&#x200B; + +Or is the only solution to bail on bigco and start my own company? +The Solana network is totally congested and unusable in anyway right now. + +When people try send coins out of the wallet it gives 404 error lmao. Tryna undtake some coins? Transaction fails. Explorer says 404 error. Some people still wanna take some risk and add collateral and the transactions aren’t going through. It’s basically an offline blockchain rn. + +This used to be discussed on the Solana sub few times and used to be called out as FUD. The same shit is getting agreed now. + +I used to hear shit like decentralisation is not the only important aspect, network can be usable and also centralised and be successful. **decentralisation IS important** + +The bots are spamming w micro transactions because they’re basically free. The only way to fix this now is increasing the transaction fees to make it expensive for bots to spam. + +The sub is total havoc w people telling the transactions aren’t going through. +The Solana network is totally congested and unusable in anyway right now. + +When people try send coins out of the wallet it gives 404 error lmao. Tryna undtake some coins? Transaction fails. Explorer says 404 error. Some people still wanna take some risk and add collateral and the transactions aren’t going through. It’s basically an offline blockchain rn. + +This used to be discussed on the Solana sub few times and used to be called out as FUD. The same shit is getting agreed now. + +I used to hear shit like decentralisation is not the only important aspect, network can be usable and also centralised and be successful. **decentralisation IS important** + +The bots are spamming w micro transactions because they’re basically free. The only way to fix this now is increasing the transaction fees to make it expensive for bots to spam. + +The sub is total havoc w people telling the transactions aren’t going through. +I've been a long time lurker, and reading about others success towards achieving financial independence has been a huge source of inspiration for me throughout the past decade. Thank you all! + + +This week I put my 2 weeks notice at my job. I'm 31, and the Mrs. is 29. I've been going hard as a Software Developer for about 10 years, and while I have enjoyed it - it has never been my calling. Simply something to pay the bills. However, I was able to later combine this skillet with a passion of mine (a SaaS business). Yes, I am being intentionally vague - but it's business is primarily data analytics. + + +**Household Income Progression:** + +**Yrs - Income** + +1 - $50k + +2 - $75k + +3 - $100k + +4 - $115k + +5 - $135k + +6 - $140k + +7 - $145k + $45k (Business) + +8 - $160k + $120k (Business) + +9 - $180k + $250k (Business) + +10 - $190k + ~$400k (Business) + + +Throughout our careers we stashed away just about everything we could in 401k's, IRA's, HSA's, and taxable accounts. No stock options or grants, and no bitcoin windfall. Got super into the credit card churning game at some point, sold a ton a mile/points. Overall, my wife and I are pretty frugal. We don't really have a taste for fancy things. Our one car is a beat up 15 yr old Nissan Altima. We also have committed to not having children (Just a bunch of dogs). + +About mid-way through my career I started working on a software product in my free time. The first iteration was a complete flop, and garnered no traffic/customers. I continued to work on it for a couple of years, and in 2017 I pivoted to a similar SaaS (Software as a Service) product. + +This SaaS product then slowly grew since 2017, and is now netting $47,000 per month (MRR). I expect it to continue to grow at least for the next 6-12 months. + +While this business was in it's infancy, my typical workload ranged from 10-40 hours a week. It was definitely tough balancing with a full-time job at times. Often I would have to wake up at 3AM to deal with an outage, and then have to work at 9AM. Now that the business is more automated/stable, it's more like 10-15 hours a week. + +I don't yet have any employees (well, except for my amazing "Executive assistant" - the Mrs). + + +**Current NW Stats:** + +**Cash/T-Bills:** $375,000 (Preparing to move to new house, paying cash) + +**Taxable:** $763k + +**Tax Deferred:** $674k + +**Primary Residence Value:** $450k + +**Mortgage:** ($228k) + +**Expenses:** $1,750/mo + +**Mortgage:** $1,912/mo + + + +After quitting job, moving to our new house (~$480k), and selling our current house it will be like: + + +**Expenses:** $2,200/mo + +**Tax/Insurance:** $420/mo + +**Asset line interest:** $300/mo + +**Health Insurance:** $580/mo + +====================== + +**Total:** $3,500/mo + + +Yes, I know this is not quite the "Achieved FI, and I'm retiring for good" post. I will say due to the highly competitive nature of my business, I wasn't confident in quitting my full-time W2 job until we achieved FI without relying on business income. With no income we'd be right around 2.5-2.75% withdrawal rate. + +For now I get to put off the existential questions about what I will do with my free time, as I'll be running my business. I do intend to sell it at some point soon, so that may be sooner rather than later. + + +I hope this doesn't come off as gloating, but I was just hoping to maybe share our slightly unique path to FIRE! +Ethereum is trading at over $17 on a few exchanges already and the average price is at $17 for the first time in our history. It's been a great weekend and a great Monday so far. + +https://www.cryptocompare.com/coins/eth/markets/USD +I know everyone is sick of hearing of this dumpster fire but some interesting stuff is going on with the ETC chain and their recent 51% attack. I don't really understand the motivation of this activity and would like to hear other theories. Also I don't use ETC block explorers that often so someone tell me if I'm misreading them. + +Two things happened. They could be totally unrelated: + +**The 51% attacker** ***returned*** **$100k worth of ETC to** [**gate.io**](https://gate.io) **that they got using the double-spend. Source here:** [**https://www.gateio.io/article/16740**](https://www.gateio.io/article/16740) + +The 51% attacker returning the ETC is interesting. It suggests that either the attacker was a white hat trying to bring attention to the fact that ETC was Nicehash 51%able, or the attacker realized he would have a hard time cashing out because of KYC/AML stuff or something else that I don't understand. + +**Today, ETC block rewards have gone through the roof with some blocks seeing like $2k in fees:** [**https://www.trustnodes.com/2019/01/13/etc-block-rewards-go-crazy**](https://www.trustnodes.com/2019/01/13/etc-block-rewards-go-crazy) + +Someone is making transactions that pay really high fees. Here's one that paid 105 ETC in fees to transfer 125 ETC: [https://blockscout.com/etc/mainnet/tx/0x6a87bead34c2f282f382ab3f40429b3cc4828bf7f10e347aca8c5ce86c9b6119/internal\_transactions](https://blockscout.com/etc/mainnet/tx/0x6a87bead34c2f282f382ab3f40429b3cc4828bf7f10e347aca8c5ce86c9b6119/internal_transactions) + +Here's the address (hence referred to as 0xb71) paying the massive fees. They received a bunch of 100k ETC deposits in the past few days: [https://blockscout.com/etc/mainnet/address/0xb71ee6225ac2904b61941797781ad5cb9182371d/transactions?filter=to](https://blockscout.com/etc/mainnet/address/0xb71ee6225ac2904b61941797781ad5cb9182371d/transactions?filter=to) + +In fact, 0xb71 got over 1M ETC from this address (0xfc4) in the past week: [https://blockscout.com/etc/mainnet/address/0xfc41998b4aabd4b743724d9ba30f89625fd03c22/transactions](https://blockscout.com/etc/mainnet/address/0xfc41998b4aabd4b743724d9ba30f89625fd03c22/transactions) + +According to this blog post, 0xfc4 belongs to some project called Mavrodi: [https://www.mavrodi.net/blog/news-about-1-5-version](https://www.mavrodi.net/blog/news-about-1-5-version) + +After finding that blog post, I visited [mavrodi.net](https://mavrodi.net) and if you scroll down, you can see that 0xb71 is a "cold wallet" that belongs to "Mcoin". + +I have no idea wtf is going on over at Mcoin and I'm concerned their website may give me cancer so I haven't dug into it too much. + +**The high fees/block rewards have had the affect of boosting ETC hashrate from about 8.5 TH/s to 11.5 TH/s** in the past 8 hours as miners switch over to claim these massive rewards: [https://www.coinwarz.com/network-hashrate-charts/ethereum-classic-network-hashrate-chart](https://www.coinwarz.com/network-hashrate-charts/ethereum-classic-network-hashrate-chart) We'll see if they keep it up until Constantinople. + +edit: lol MCoin's twitter account, linked to from their website: [https://twitter.com/Mr\_10101M](https://twitter.com/Mr_10101M) +The title explains my situation. I'm 17 and recently found out that my grandma has been saving up money for me for a long time, and the account will soon be transfered to my name. The account has roughly $75K in it, which will pay for three years of college at best (at least with the schools I'm looking at currently, which are all on the bigger side because I need a strong STEM program). I'm going to apply for academic scholarships as well as trying to get an athletic scholarship if I do find a smaller school which is STEM heavy (one option being RIT). Unfortunately, outside of my grandma I don't have any family members who are reliable and trustworthy, so after this year of school I'm pretty much on my own (graduating from high-school with roughly 30 college credits from AP and dual enrollment). My plan right now is to get certified as a personal trainer as soon as I turn 18, get my drivers license, and take $1,000 out of the college fund to pay for a cheap car. Outside of this, I'm honestly not sure what the best route would be to secure my security and independence. Any and all advice is appreciated. Thanks in advance. +so after checking the Crypto Fear and Greed Index which analyzes the emotions and sentiments from different sources and crunches them into one simple number, it seems that this is the end of crypto. + +Everybody saying that now is the time to buy are just a bunch of bag holders who want you to invest so they can sell as soon as breaking even. Even genius investor Warren Buffett has stated that he wouldn't buy bitcoin for $25 dollars, who are we to disagree with 150 years of experience in the crypto space? + +&#x200B; + +https://preview.redd.it/e4hrhnjzxqw81.jpg?width=1284&format=pjpg&auto=webp&s=05dacabdee2543b6080b3b0c9955db5236ddf551 + +as you can see above the crypto Fear and Greed index has hit a new low of (-20) Fire sale + +what does this mean? + +I heard reports that crypto investors are jumping out of their cabanas out in the Caribbean, sure they are landing in the ocean but that besides the point. It really does appear that after a decade Bitcoin has finally died. + +this was a great journey friends but we should probably sell any remaining crypto we have and put that money into a savings account with a high interest rate of 0.001%, we should be able to retire with it after another 50 years. + +good luck to you all! +Hi, + +The fact is I am a 27 year old man-child living with his parents. I have practically no work history and only a Liberal Arts AA. I have no credit, no savings, and no marketable talents. After browsing this subreddit for awhile it began to dawn on me that I must become ~~financially~~ independent, else I am robbing myself of my future. For nine years I’ve been an adult in name only, but I think it’s about time I start to grow up. Better late than never, right? + +I have looked for work for some time and the best I’ve managed to get is a dead end $12/hr manual labor midnight shift job. Clearly an unsustainable career to build up a retirement fund. I need a career not a job. I can’t be stuck working alongside the 16 yr olds forever. + +I reckon a BS degree in mechanical/electrical engineering or computer information might set me up for a somewhat sustainable career. I tend to be technically minded and was at one point working toward a physics degree. The prospect, though, of starting my 30’s with $40k-$70k of student loans and no work history is terrifying. Might I be better off just finding a less awful entry level job and trying to work myself up the ladder? + +What can I do to start building a life and a career? +*Update: I received many comments on the strategy is equivalent to buying a CD or worse than selling naked puts or covered calls. I wish to highlight that this strategy can net a risk-free 4% to 5% relatively easily in this kind of stock market with some tech and penny stocks via selling ITM calls and buying OTM puts. The 2.68% annual return is an example using SPY via ATM calls and puts, which is much easier to understand for sharing purpose, but this strategy can surely do better. If you are looking for a risk-free 10% return, no, I do not identify any such strategy yet, and I will not share it if I found it.* + +The strategy is: + +1. Buy 100 shares of SPY (e.g., at $415/share) +2. Sell ATM call leap with same strike (e.g., Dec 2024 $415C nets $6,300) +3. Buy ATM put leap with same strike (e.g., Dec 2024 $415P costs $5,000) +4. Collect dividends (e.g., \~$1,400 for 2.5 years when not including Q4 2024's dividend) + +All the numbers above are by market close on 5/27/2022. This nets us a risk-free $2,700 using $38,800 (\~6.96% over 2.6 years, or \~2.68% per year). Due to stock market crash, call leaps now worth more than put leaps. + +**Yes, 2.68% is not a good return. Try this strategy with some big tech or penny stocks (those with no dividends) by selling ITM call leaps and buying OTM put leaps. 5% (may be even up to 8%) is achievable, but we need to wait for the limit price transaction to go through. Patience is the key.** + +Tip 1: This is a high volatility strategy. You want SPY at lower price as much as possible (like $380 last week, not $415 yesterday). Deploy it during a big red day to maximize profits. + +Tip 2: The best moment has sailed, so this tip doesn't apply anymore to "high" interest rate environment for next few years. Around a year ago, we could borrow multiple years of money at rate < 1% via selling SPX options box spreads (note: SPX options will not get exercised before due date) and use them to deploy this strategy to big tech stocks *now*. Assuming 5% risk-free return, this will net us a risk-free 4% for every 1x borrowing. Not recommending borrowing a lot (no risk on paper doesn't mean no risk in practice), but we can tune our leverage based on our risk appetite. For example, 2x leverage means a risk free 9% return for deploying this strategy to the tech and penny stocks. + +Tip 3: This strategy doesn't work on some (not all) meme stocks like GME, AMC, UPST etc. due to the put leaps costing more than the call leaps. +The company I work for (Whole Foods) was recently bought by Amazon and everyone with at least 6000 hours were given a one time RSU stock share as a gift. I told them to sell it after it vests and at the time of vesting it was worth around $1700. After checking my Fidelity account see that I have a $990.22 cash deposit waiting for me. What happened to the rest of the money? +1.5B market cap seems pretty heavy but the revenue growth is there. I believe it becomes available tomorrow. Any thoughts? Will trade under the ticker BYND. + +https://www.google.com/amp/s/www.nasdaq.com/article/vegan-burger-maker-beyond-meat-raises-price-range-in-upsized-ipo-20190430-00334/amp +In light of recent events, I’ve been interested in understanding how one can justify the involvement of well-established funds in various NFT/crypto-related ventures, e.g. NFT gaming apps with minuscule user bases and little to no global visibility raising hundreds of millions after 1 or 2 years of “activity”. Is it greed? Wishful thinking? Money laundering? Tax evasion? Please enlighten me! +I have recently started with 20k in my pot and have managed to grow it up to 23 in a month. I was a bit stupid at first as i was flying too close to the sun and selling GME puts at 100, so lost a few k. I know i was stupid, and made a mistake. I just paid and bought the put back for a 3k loss (wiping out the gains of the previous weeks GME sold put) + +The whole reason i got into this strategy over wsb yolo investing is to be able to not make such volatile trades and to have a more steady growth strategy, using a larger proportion of my savings. + +My question to the regular thetagang traders who maybe have a bit more in your pot, e.g. 50-100k, since you are afforded the benefit of choosing larger companies to wheel, do you feel having a larger amount to invest is better? What sort of strategies do you do differently now that you have more money to invest that would not have been an option with a smaller amount. + + Is it less risky to have 50% + of your capital tied up in a microsoft wheel strategy vs 5 or 6 puts on tickers with more volatility but with stock prices of between 10-50. + +I guess i am keen to adopt a more risk averse strategy and use more of my money e.g between 50-100k. This would be beneficial because i could choose less volatile trades for same amount of profit, i wouldnt have to constantly check my phone, and could choose higher value stocks with a lower risk and higher premium. + + +[This is the official $GME Megathread for r\/Superstonk.](https://preview.redd.it/gzy9yfftoov71.png?width=778&format=png&auto=webp&s=7ce125aa2d7455f994d74a4192f1a04b7d14448c) + +**Please keep ALL conversations contained to Gamestop and directly related topics.** + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Brand new to the sub? 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We call this the "Front Desk". Every day a moderator will create a new sticky comment that includes links to community announcements, fantastic posts that deserve more attention, and generally the simplest and easiest way to interact with the moderators of this community. The rest of the post is designed for general discussion and content/questions that might not need their own post. + +If you are new please mention that when you comment. There are no stupid questions but "shills" (paid accounts with the intent to disrupt the sub) are real. This community sees a lot of trolls. If you do not distinguish yourself as someone with genuine questions it is likely that members of our community will assume you are just spreading "FUD" (Fear, Uncertainty, and Doubt). I hate that I have to give you this warning but it is just the nature of the beast at this point. + +Please have fun, play nice and be civil. Many of our rules are heavily enforced. Debate is welcome but if it devolves into personal insults please report the comment. *Ape no fight ape!* +Dinner last night with my long time friend, in our 30s. Financially, he's the only one I really know that has his shit together + wife, kid. We're both holding off as long as we can before having to buy a house. Both are saving. FI path's and mentality. Most houses around here are overpriced McMansion style or complete crap shacks. + + +We have another friend: spendthrift, received $200 a week stipend from his parents for tax reasons on their end, blows it, saves nothing. Makes about 100K...always broke, gambles, etc. expensive habits + +Complained to us that his mom and step-dad shouldn't be taking so many vacations because their **blowing his inheritance** (his step-dad is an animal, built multiple business from nothing...destroyed back) + + +But he's not the only one we see... + +------ + + +Does anyone else see this in their day-to-day: with friends, family, co-workers? I'm just curious. My friend and I have no idea who are buying these shit houses in our area (super expensive) while our families are the only one's that seem to have it together trying to be semi-responsible... + + +Ironically, spoke with a relator friend last month and got lunch. He told me after asking, that most people that buy houses are *completely broke* and can *barely come up with the downpayment. Buying way too much house, with tons of debt leveraged up the ass.* + +But how else are you gonna get those Facebook likes...right + + +Curious to hear feedback and the perspective from the sub as it could be interesting...though 70% of American's live paycheck to paycheck so maybe not that eye opening. + +I can't be the only one says 'WTF' daily... +Was just reading the following times article [https://www.thetimes.co.uk/article/can-you-really-become-a-share-trader-for-free-9980jcc0h](https://www.thetimes.co.uk/article/can-you-really-become-a-share-trader-for-free-9980jcc0h) + +Some statements that get me a little worried about using T212 - what are peoples thoughts? + +“Other low-cost trading services include Trading 212 and Degiro. The latter is not covered by the Financial Services Compensation Scheme (FSCS), which guarantees deposits of up to £85,000 if the firm holding your money fails. Trading 212 also warns that some customer funds may be held in non-UK bank accounts so the FSCS may not apply. Freetrade is fully covered by the FSCS.” + +“The company, based in Bulgaria, is also not easy to get hold of. It failed to respond to requests for information despite repeated attempts.” +I want to open a stocks/shares ISA but I'm unsure what platform or company to go with. My bank, HSBC, has one but I'm unsure if it's the best. + +I see FreeTrade offer an ISA for £3 a month which seems good, but I wanted to know if there was a catch. + +Can anyone give their experience with ISAs, especially if you're with FreeTrade? +Hello! These stocks seem to have a lot of chatter about them, but the voices seem to be both “buy! Buy! Buy!” and “it’s already priced in! Don’t bother!” + +How would I, as a newbie, begin to even understand how to evaluate the etf/stock for myself? What is the critical thinking process? What are things to look for? What are red flags? What are green flags? + +Is there a place to start? I’m thinking probably not all stocks are right for every type of investor (risk/requirements/investing horizon). But as a newb, I’m just looking for a starting point rather than just following the trends of the crowd. + +What is your personal process? How do you evaluate if something is right for your portfolio? +Hi, + +Been a lurker on this sub for a while and would pay heavy attention to the starter tips. +Still a uni student and have a S&S T212 account and invest into Plug Power ( and a few others). +Do I sell all my shares and take the profit and dump it into a more safer stock or just something else +Do I sell half of my stock and look to re invest the money back when the price dips( which I think it should as its currently sitting at its highest ever) +Or stay in as I am looking for a long term investment and not really touching this account till 25+ years? + +Really sorry if this is a bad post because it’s a small investment, but I would love to get some tips / learn valuable lessons here + +Thanks +Reaching over 1100 holders and 650+ Telegram members in 5 days, this is beginning to grab the attention of social media and YouTube (thanks Torin Hofmann for including my last post in your "How to buy Octa" video). + +This subreddit has been pretty much overrun by P&D's, yet this is a legitimate project staring you right in the face. + +Why do I think it has 100x potential? Look at the effort put into their website, read their whitepaper. Click the links on the homepage to see the LP is locked for 5 years. Having a monopoly in this space (looking at you, Safemoon) is not beneficial to the auto-staking world, and I have pretty much gone all in on the project that I believe could be it's #1 competitor in time. At a price of 0.000000002USD per token, it is 225x CHEAPER than Safemoon, with 170x less holders, at HALF THE SUPPLY. The devs have been restlessly at work to build the foundation for this thing and if it takes off (as growth is demonstrating), every Gallardo-driving-Safemooner will be crying when you take them to Gap City in your Centenario. + +Even in the early selloffs. Devs have been nothing but honest about their goals with the project. Providing updates, whether they aid or hinder the price. Strange tactic if you were trying to pull the rug... I have strongly advocated for this project because I truly believe in it. I'm just getting the word out. + +480T supply remaining. 4/4 (8%) tax with burns on every transaction. + +This isn't "Wen Lambo?" This is "Now or Never Lambo." I'll see you on the moon, or I'll wave to you from it. + +DYOR, not financial advice. I have no affiliation with the team. + +Website: Octanscrypto.com + +Telegram: t.me/OCTA_OCTANS (By far the most active of the socials) + +Reddit: r/OCTANS_OCTA + +Discord in the works. + +Edit: 4h later. Over 1050 people now in the Telegram. What on Earth just happened 😂 +Hi All, + +I thought I would share a best case practice I've been working on with my husband for us to build the habit of going over our budget together every week. We have started the following ritual of going over our personal finances together on the first week of Jan and haven't missed a week yet - we look forward to this a lot. + +Keys to success: we decided on an annual budget in December over the holidays together, then broke it down into a weekly budget. We decided to set a weekly "date night" on friday nights, where we combined something we WANT to do (go on a date), with something we HAVE to do (review our finances). We also have a few other traditions/rituals that sweeten the deal. Here's how it looks in practice: + +1. On the way home from work on Fridays, I buy him a chocolate bar. We both follow a very healthy diet and have lost a ton of weight doing so, but chocolate bars are the one thing he used to eat all the time and now he doesn't eat. He doesn't buy them on his own, but he LOVES it when I buy one for him. So he enjoys his chocolate bar while we do our finances, which is a little bit of a spoon full of sugar situation and i think has helped make him look forward to it. +2. We sit down at our computers, pull up our weekly spreadsheet, and use the program WAVE (kind of like mint), to pull all our debit/credit card accounts from the last week. We then go through what we spent, categorizing everything into the categories of our pre-set budget. There's no judgement here, we just discuss what we spent and for which category. +3. We run a report in wave to tally all of our various spending categories. We then see if it matches up to our current budget, goes over, or comes in under. +4. If it comes in under, we IMMEDIATELY allocate the amount we came in under budget to our next savings goal (i.e. pay off debt, move to a 529, move to a vacation fund, etc.) THIS IS KEY, it is SO gratifiying to see your money working for you. I think OFTEN during the week before spending on something if it's going to blow my budget because I REALLY look forward to those fridy night payoffs/budget wins. +5. We try as hard as we possibly can to keep this whole ritual to just an hour. +6. IMMEDIATELY after doing so, we go to our favorite restaurant and have a nice romantic evening (we only do this once a week, usually). We love celebrating our "victories" and talking about our next goals together. + +I came up with this ritual after reading Atomic Habits by James Clear. It's a great book which essentially tricks your mind into solidifying your habits by doing things like habit stacking (we had a ritual of going out to dinner on fridays before this, so we built on that by adding the finance piece first), combing stuff you have to do with stuff you want to do (i.e. I'll only watch netflix on the treadmill or (here) I'll only eat a chocolate bar during budget night), and optimizing the cue-responses- reward mechanism (here: cue: it's friday night, response (better do the budget), reward (KEY: we pay off debt/save for the future/go to dinner). Hope this helps someone else. So far this year we have been SLAYING our current personal finance goals way ahead of the schedule we set in December, and I credit most of that to this new habit. +"With Friday's losses, the S&P 500 fell 19.4% in 2022, its largest calendar-year decline since a 38% drop in 2008. Closing at 3,839.50 on Friday, the S&P 500 now stands at the same level as March 2021." + +[Full article](https://finance.yahoo.com/news/stock-market-live-news-updates-december-30-2022-113654551.html) +Carnival's revenue is down 71% since the pandemic. + +Royal Caribbean revenue is down 77% since the pandemic. + +Meanwhile, every other travel company is hot hot hot because there is a pent-up demand for traveling. + +Bookings Holdings revenue is down just 12% since the pandemic. + +Airbnb says their bookings are higher than pre-pandemic now. + +Disney land revenue is hitting records in many parks. + +So what's going on with cruise stocks? Why are they still so far off from the peak? Why hasn't the pent-up demand for travel applied to cruises? + +Also, the cruise companies borrowed so much money during the pandemic to stay alive. For example, Royal Caribbean went from $8.4b debt to $20b debt. Carnival went from $9.7B debt to $30b debt. I'm wondering if they're just one more Covid variant away from bankruptcy. +Welcome to the **/r/EthTrader** Daily Discussion thread. The thread guidelines are as follows: +*** + +- Discussion topics include, but are not limited to, general discussion, details related to events of the day, technical analysis, and minor questions. +- Do not create separate posts outside the daily thread which can be identified under the content categories mentioned above. If you do, your post may be removed and/or heavily downvoted. Important content should be posted as a separate thread. +- Be excellent to each other. + +*** + +Thank you in advance for your participation. Enjoy! +Welcome to the **/r/EthTrader** Daily Discussion thread. The thread guidelines are as follows: +*** + +- Discussion topics include but are not limited to general discussion, details related to events of the day, technical analysis, Ethereum Classic, and minor questions. +- Important content should be posted as a separate thread. +- Be excellent to each other. + +*** + +Thank you in advance for your participation. Enjoy! + +UPDATE: + +This issue has been resolved. My attorney was finally able to get in touch with the legal counsel for Coinbase and the matter was resolved in about 10 minutes. I received my wire a few hours after their conversation. It's unfortunate that customer support was so horrendous that it took my attorney constantly hounding them in order to get this issue resolved. Coinbase needs gets their act together if crypto is ever going to reach mass adoption. + +EDIT: + +Added a screenshot of email from Coinbase Support + +https://gifyu.com/image/xZJb + +Notice it took over 3 weeks after the case was escalated to the "priority' que and assigned to a specialist before I even received a response. They told me they did not block access to my funds but that is not true. + + +TLDR: + +- Coinbase closed my account for no reason and stole a seven figure sum from me. +- I contacted phone support several times and they told me to "just wait". +- I sent several emails to support which were totally ignored. +- My attorney sent a demand letter via FedEx to Coinbase Inc's official address at 548 Market St #23008, San Francisco, CA 94104 and the package was undeliverable because the address is FAKE! +- My attorney is now going to file complaints with all applicable government agencies, starting with the California and Delaware AG. I will also be suing them in civil court. + +Full Story + +This is a warning to GET YOUR FUNDS OFF OF COINBASE! + +I've been using Coinbase for about a year and a half to buy and sell BTC and ETH. I never had any issues depositing or withdrawing so I became complacent and left a significant(7 figure) sum of USD on the site. I hadn't made any trades since early this year and hadn't logged in for a while. To my surprise on April 24, 2018 I received an email from Coinbase saying my account was closed for violating the terms. I called in to support several times to find out why my account was closed and also to withdraw the balance on my account. I was told to "just wait" and it's now been over a month. They refused my requests to speak to a supervisor, or anyone else who could resolve this. I also sent several emails to support that were totally ignored. Given that I wasn't going to just sit idly by while they stole millions from me I asked for contact information for their legal department. They told me the ONLY way they could be reached was by sending a formal letter to 548 Market St #23008, San Francisco, CA 94104. They said the legal team was not reachable by email or phone. + +I had my attorney draft a demand letter and send it via FedEx. It turns out the address is FAKE! It is a papered up building with nobody in it. Here is the google maps street view of the building. + +https://www.google.com/maps/place/548+Market+St,+San+Francisco,+CA+94104/@37.7898734,-122.4007445,3a,75y,327.14h,90t/data=!3m6!1e1!3m4!1s3DgN8-j3-imrli45Qi2-rw!2e0!7i13312!8i6656!4m13!1m7!3m6!1s0x808580627b5ea1d1:0x60fd99496057cf74!2s548+Market+St,+San+Francisco,+CA+94104!3b1!8m2!3d37.7900465!4d-122.4008744!3m4!1s0x808580627b5ea1d1:0x60fd99496057cf74!8m2!3d37.7900465!4d-122.4008744 + +It is the one in between Portico and Wells Fargo. As you can see, it's a phony address. The representative at FedEx told us that address receives many packages, but they are unable to deliver. You can verify that this is the "official" address of Coinbase from their filings with the State of California below. + +https://businesssearch.sos.ca.gov/Document/RetrievePDF?Id=03548456-24110401 + +My attorney called their agent for service of process and they gave the 548 Market Street address and also a phone # of (415) 275-2890. Nobody answered the phone. + +Given that Coinbase is totally unreachable, my only recourse is to file with the relevant government agencies. starting with the Attorney General's of California and Delaware. I will also be suing them in civil court to reclaim my stolen funds. + +If Coinbase has also stolen from you please contact me and perhaps we can start a class action. From the looks of the complaints to the Better Business Bureau(1.1 rating), it appears they have done this to many people. + +https://www.bbb.org/greater-san-francisco/business-reviews/financial-services/coinbase-inc-in-san-francisco-ca-454104/reviews-and-complaints + +Thanks for reading, and please heed my warning and get your funds off of Coinbase ASAP! + + + +Googling "skills needed for day trading" gives me pretty unhelpful answers, unfortunately. It's always soft skills like "focus", "research", "discipline", ... yeah yeah yeah, I understand all that. I'm looking for the real stuff. What mechanics do I actually need to learn? examples + +* Learn how to read charts X, Y and Z (what kind of charts?) +* Learn how to read Indicators (what kind of indicators?) +* Learn what it means to go Long or Short +* Learn how to analyze earnings (where do you get this?) +* Learn how to read SEC filings +* Learn how to use Level 2 +* Learn how to read the tape + +Can you guys recommend a book or anything that goes over all the more specific skills needed to get started? +As the title says; I don’t understand the significance or relevance of the NFT marketplace, or what being a creator would entail. + +Can someone fill me in, or point me to in the direction of such information? + +I know what NFTs are, and I get the idea of NFT marketplaces in general. I’m just not sure what it means for GME or how it works into things. +Throwaway for obvious reasons. I have the opportunity to participate as a Limited Partner in the below funds through a Private Equity firm. The minimum participation is $100,000. + +I personally know one of the founders of the firm (relationship explained in comments below), which gives me more confidence over someone I don't know personally. + +Have any of you done this before? What was your experience? Would you do it again? + +&#x200B; + +Below is a bit of high-level information. + +**Option 1:** Private Equity Fund. They are investing in three types of businesses (niche manufacturing, specialty business services and waste management).  Targeting 18-20% annual returns. + +**Option 2:** Private equity fund.  Their unique value prop is working directly with independent sponsors.  Targeting 20-25% annual returns. + +**Option 3:** Private credit fund. This is an INCOME strategy.  Targeted returns are 6-8% yield and 10-13% annual returns.  +[https://grizzlyreports.com/Research/WELL%20Report.pdf](https://grizzlyreports.com/Research/WELL%20Report.pdf) + +Haven't heard much about Grizzly Research before, any one know how credible their research is? + +**EDIT: darn! should say now* in the title, not "not"** + +As the title says, I have a year review coming up next Thursday. I've incurred a lot of abuse from this company and am actively looking for a job elsewhere, but there aren't many openings in my small-ish town apart from retail and labor. + +I feel like I'm being grossly underpaid to do specialized work that I wasn't even hired for. I've been a project manager, designed and built several website for this company, ran a 9-month ad campaign (including designing all the materials that went out), become a salesforce administrator, and done the work of my colleagues (who all make over double what I make) while they slack off....all while making less than my friends who work retail and with no recognition from my manager and boss. + +In my year here, I've realized that I know more about these things than my colleagues, but (hate to make this a gender/age thing, but my boss is from an oppressive culture) since they're older men and I'm a younger female, half the time my boss just assumes my colleagues did the work and doesn't believe me when I explain that it was actually me. + +How do I approach this at my review? Do I bring a list of all the work I've done, along with the average salaries from these fields in our area? I don't know that I have enough time to get a counter offer from another company and I'm not sure an opening at another company nearby even exists.... + +Thank you + +Throwaway account for anonymity. + +* Edit: We live in Western Europe (I've converted all of the numbers to USD as that's the currency I usually plan in and I think it makes things easier for most on this sub) +* NW $4.5M. Edit: I don't need more but I still haven't decided to quit my full time job, although part of the reason for the house upgrade is I'm thinking about quitting but I haven't decided when or what I'll be doing when I do quit. I have lots of ideas and am confident I will be busy if I want to and won't get bored. If I quit, I'd like to spend more time with my kids. +* Total comp of $260k / year +* Growing passive income (equity + RE) at about an additional $75k per 6 months through reallocating of stock in public company stock (currently at $2.5M) to other stocks & rentals (mix of building equity and cashflow). +* Currently living in a practical townhouse (worth $600k and is 1400 sq ft) with a pretty small backyard. Edit: Some comments have suggested buying a neighboring house. I haven't thought about it before however, our neighbors' yard are very small as well so it would not be feasible to get something sizable where we could have a pool, for example. +* We really like our location, it's not in a fancy area but there is a playground within 50 meters of our house and another park within a 5 minute walk. Our kids are 10 and 6. They have friends in the neighborhood and can leave to play outside without any supervision as we live in a very safe area. We really like that freedom for our kids and the fact that kids from the neighborhood often come to get my kids to play outside. Edit: I think I've overstated the number of friends my kids have. In reality, they have 1 close friend each. The other kids are people my kids play at the park with. +* Our current house is getting tight. Buying the a house in the current location is not really an option, to get what we want will cost us over $4M and the houses in the area are usually older houses. +* We'd like more space to have things like a sauna, extra bedrooms for guests, bigger backyard, car garage, and a dog. We found a very nice house in a different area: $2M, 4300 sq ft, massive backyard (will require quite a bit of maintenance). We'd be putting 25% down at 1.1% interest rate locked for 10 years. The house is almost new and is in an area where all homes are completely stand alone with gates in front of each house. Our offer has been accepted and we are going through the process (we can still back out) + +I have several concerns that I'm fighting with (notice I and not we because my wife thinks we can solve all of these. Edit: I failed to mention that my wife is supportive to stay in the current house, it's not like she's pushing us to get a bigger house, we both want to have a bit more space and a larger backyard): + +* The biggest one being that our kids will no longer have the freedom of easily going outside and finding other kids to play with nor will other kids randomly stop by the house to get our kids. There is also no playground very close to the house so it would be harder for them to meet other kids. I feel like this will take some of their current freedom away. +* I'm also a bit worried about not feeling comfortable in such a big house (to me, mentally, it feels pretty big). When we've gone to visit the house (twice), I did like how quiet, spacious and peaceful it felt but still, there is something that bothers me when I'm back at my current house, I can't quite put my finger on it. Edit: As many have pointed out, it can feel like everyone is in their own corner and the family becomes disconnected. I don't think this would happen to us but that's probably what's bothering me. +* The new area adds about 8 minutes one way to drive the kids to school (going from 14 minutes to 22 minutes). I've done the drive and it seems like it's not the end of the world. We would lose the opportunity to bike to school which is pleasant on a nice day. +* In terms of money, our monthly payment will triple. It's a bit concerning but we're mostly ok with that. I'm super frugal but I think I'm able to get through the challenge of spending extra money for our family to (hopefully) improve our situation. +* It'll also be quite a headache to furnish the whole place, change things to how we want them to be but I guess that's the goal in the end. Edit: After reading the comments, I realize that this is not a real issue, I'm fine with this now. +* Edit: I failed to mention that I have talked about this move with my kids, they have visited the house and they are ok with the move, in fact, they like the new house. They also understand that we'd have to schedule playdates instead of them having the freedom to just ring the door bell at their friends next door. + +&#x200B; + +All of these points have been stressing me out and as a result, I've been waking up sweating at 5-6am for the last 4 nights (I'm not a morning person -- usually wake up at 7am and snooze my alarm several times). + +Perhaps I'm overthinking this? I would appreciate any advice, especially if you've been in a similar situation and have gone through with it. Any regrets? + +Edit: Woha, thank you for all the comments, I've added additional information based on the comments to provide a better picture. +How do you deal with the fact that your edge may no longer be present? + +Yes we backrest over long time periods over a large sample size and that's how we have the historical edge to build our confidence when taking the trade...but what about the fact that tomorrow is a new day. Your edge could very well just not work where price decides to not behave as historically shown when meeting your entry triggers and it does this consistently taking you back to the drawing board or executing a different trading style or edge. + + +Does anyone else have this fear or just me? +(RESOLVED) + +Hello, I was assigned -600 shares of SPY from short itm calls expiring tomorrow on iron condors. I have been trying to close the positions for the last couple of days to no avail. I still have the long calls but I’m not exactly sure how to use them to close my position. Will td do this automatically? I’m short roughly 220k on a 2.5k account. My balance is up about 600$ which I’m assuming is a temporary thing because when I buy the stock back at the call strikes it will be for a loss. Any help would be much appreciated. + +EDIT: I've submitted an order to exercise my long calls... I'm assuming this will happen at market open and will leave me at max loss correct? Although i suppose i could collect from the put legs? + +UPDATE: +The long calls have exercised and my position is flat... I am left with a couple of otm put spreads that I will close + +[spy positions w/ exercise orders](https://imgur.com/a/68rXdYn) +**Overview:** + +Hello all! I am back again for an update on this week’s relative rotation graphs (RRG). You can find the post from last week [here](https://www.reddit.com/r/thetagang/comments/m5hyxn/anticipating_the_rotation_march_15_2021/). I have incorporated your great feedback, so please continue to let me know if you have any suggestions and comments! + +**Intro on RRG:** + +As a quick intro, RRG is a way to visualize stocks’ relative performance over time, displayed as a scatter plot. The x-axis shows the strength of the stock relative to a common benchmark, and the y-axis shows the rate of change of the relative strength. Top right quadrant indicates that stocks are leading, bottom right indicates they are weakening, bottom left indicates they are lagging, and the top left indicates they are improving. + +**Industry Trends:** + +The plot below shows each industry’s performance relative to SPY. Each point indicates a trading day and the last arrow indicates the most recent trading day (March 19, 2021). We see that finance and industry have entered the weakening quadrant. Healthcare finally has entered the improving quadrant and technology will soon get there. Utilities continues to improve. Consumer Cyclical did a nice u-turn going from the Weakening to the Leading quadrant. I also plot ETFs that I regularly track. + +https://preview.redd.it/llws7boewko61.png?width=1600&format=png&auto=webp&s=24107042d621d322d800076c1c9a33e9078fc7e2 + +I like the daily plots because it is helpful for me in deciding when to open/close my 30 DTE – 45 DTE positions. + +https://preview.redd.it/pbdy3tbhwko61.png?width=1600&format=png&auto=webp&s=cf431649b61cbfb126f5d6f11c4bde8193666a48 + +Weekly plots are now available and you can find them [here](https://imgur.com/a/E2VbBuh). + +**Stocks in each Industry:** + +Given each industry trend we saw above, I also made RRG of the most popular stocks for each industry. I select the top ten stocks based on volume traded in 2021. This helps us see how each stock is performing within each industry. There are some interest trends. For example, with the exception of PBR, the top stocks in Energy sector move together. In contrast, there is some heterogeneity within the Industry sector. For more info, you can find the plots [here](https://imgur.com/a/jVkMkDg). + +There are a lot of graphs, so please feel free to let me know if you have any suggestions! +So I have $200k tax free account (Canada) that I mostly have QQQ in - my core portfolio. + +I also have a margin account (that leverages my tax free account for buying power) that I usually sell naked puts/wheel. + +What do you have in your core portfolio? Any suggestions are appreciated. I sell covered calls against my Qs so they might get called away and I was thinking maybe someone has a better set up. I saw some interesting info on 70/30 TMF/UPRO that seem to do quite well in up and down markets. +So I have $200k tax free account (Canada) that I mostly have QQQ in - my core portfolio. + +I also have a margin account (that leverages my tax free account for buying power) that I usually sell naked puts/wheel. + +What do you have in your core portfolio? Any suggestions are appreciated. I sell covered calls against my Qs so they might get called away and I was thinking maybe someone has a better set up. I saw some interesting info on 70/30 TMF/UPRO that seem to do quite well in up and down markets. +i have a fully rollercoaster life and a lot of ups and downs... and sometimes I forget that I'm allowed to dream like a lot of you guys... you think you are not allowed to dream because of disappointment because life is shitty and is against you but right now with MOASS bound to happen sooner or later you have hope of living better and be able to dream not breaking ur back working jobs you hate and doing stuff that makes you question your dignity and existence... you are able to dream to just sit somewhere and imagine life without being afraid of paying all your bills on time without being afraid to go to the dentist cause your next tooth repairment will cost you ur the whole salary... you can dream that all the pain is going to be washed away and you can help people... family members people who deserve it.... you don't feel insignificant anymore cause now you matter and you have more power and you will be in control of this ship and wherever it is going.... before maybe you could just sail through the shitty weather but soon this boat will turn into something better and the destinations are gonna get better, sunnier and healthier.... so train again to dream get that feeling back close your eyes and feel what you are going to feel imagine yourself in that new thing you wanna buy feel the pre-happyness hitting.... you sail this ship now with more power.... with your imaginations and dreams.... + +*look at me....* + +You **ARE** *the captain* now! +As we all know, the "Buy" button went down on Jan 28th. We saw the garbage that took place right after (and which continues through today). Needless to say, the shorted shares have only grown larger. + +**Topline Crazy** + +Since January 29th an additional 121 Million Shares are the minimum number shorted. We know the shorts hadn't closed those available and we know there have been a crazy amount of long buyers since January 29th. The number is likely higher, but we have a starting point. + +**Time For Math** + +The data us "poors" have are limited, but still provide insight into where things are. One thing that has been fairly intuitive has been the short-to-total volume ratio. Yes, I pulled this metric out of my butt (think opposite of the banana with Mr Spades). What is this you ask, it is the ratio with which a net short position is created if only short closing was done on a trading day. We can look at this data from FINRA here: + +[Short Sale Volume Data | FINRA.org](https://www.finra.org/finra-data/browse-catalog/short-sale-volume-data) + +Now, for the assumptions - short position opened and short position closed the same day. We don't consider a long position and also lump in short exempt volume as standard short volume due to the proverbial tomfoolery seen by the SHF. Let's practice + +Short Volume = 9 shares + +Short Exempt Volume = 1 share + +Total Volume = 15 shares + +Net Short position = 5 shares short + +We assume a short position is closed up to the point we hit total volume and whatever remaining is considered the net position. What happens if we have a net long position. Let's take a look: + +Short Volume = 6 shares + +Short Exempt Volume = 1 share + +Total Volume = 15 shares + +Net Short position = (1) shares long + +Given that a buyback of the initial short shares occurred within the same trading day, this would mean there is a chance that those short positions were closed. + +Now, one thing we cannot see is whether a daily short position was closed the same day or if it remains open. The only thing we can see is that the short interest is up or down which can be masked with a whole series of crazy derivatives, swaps, futures, etc. (more to come here). Bottomline - if no one has gone long since January 29th, there would still be 121 million shares shorted + +**Futures and Margin** + +Now, fingers crossed on an NFT. Fingers crossed on another magical catalyst. Fingers crossed on a super event (like we saw with BBBY for a hot minute). Whatever may happen will be needed given the likelihood that Futures have provided a leveraged cover (probably in the 10-25X range). What does that mean? + +Whenever we buy a spread, we cover ourselves in one direction and limit our exposure. The assumptions based on the DD is that Futures contracts are driving a lot of the activity inclusive of bucketed swaps and are helping to provide the exposure coverage. The challenge we have is that these Futures contracts are likely heavily leveraged in order to offset what the cost of covering is for SHF. + +What do you mean by reducing the cost? Well if it would cost $25 for an option to cover a position and you now layer in 25X leverage, that coverage drops to $1. Now, my guess is that the $350 level is an issue because it hits margin costs to a point where that $1 may move to $5, $10, $20, whatever and therefore it becomes too expensive to cover. It also means that covering 4% of shares instead of 100% of shares is only needed. + +The Gamma ramping we see and other surging events allow for us to breakthrough at times, but a big catalyst will be needed for us to really power through. This is not for us to buy options, hell no. Buy. Hold. Chill. Time is on our side and not the SHF. We just have to know that a catalyst is needed and that is okay. Patience friends! + +&#x200B; + +Edit: Minor tweak to the TLDR +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. +Hi! +Im not from the UK so unsure what the process, rules and rights are. +I’ve joined Anytime Fitness on a 12 month plan. After 10 month I decided to not extend the contract, and was made aware that I still had to pay for the renaming 2 months, which I did. + +I went down to the gym personally to stop the contract, they asked me to send an email which I did. Their reply was “what was the reason” and I told them I wasn’t interested anymore. + + +Since then then have tried to get money from me, but I cancelled my credit card with them after I paid the last installment. + +I’ve reached out to them several times on email, they keep sending texts and emails about me owing them money. + +And then they started threatening to send me to collection. I went down to talk to the manager who was quite impolite and tried to make excuse for why I needed to pay them. That the contract wasn’t ended correctly, that they have a cancellation fee etc. + +He told me that he would send and email to the accountant and myself. Never received anything and I went on holiday the day after. + +Yesterday I got a text saying: + +“Hi x, your Anytime Fitness account has been terminated. Your arrears are now with a credit control agent and you can no longer make payment to the Club.” + + +What would you do now? I’m about to ask for a mortgage so can’t afford this to affect my credit score. + + +Edit: Wow! Thank you all so much for your time and effort for providing me with solutions, advice and comfort. Must admit I was quite panicked about it, but you really helped me relax. + +I've gathered some of your advices, and emailed them for the last time saying if they don't take it back, I will proceed with the advices you guys have given me. +I've read the contract over and over again, and I know I haven't breached it in any way. + +This was btw one of the AF- Gyms in Fulham should you consider joining. + +Thanks all!! +Thank you apes for tuning in. Hope you're well. Thought I'd share some of my findings on FICC's new filling yesterday that involve Steven Cohen, an illegal short seller and founder of Point72 known to be short on our beloved GME stonk. + +# FICC filled yesterday “GOV1211-22” +- *Point72 Associates II,LLC* will be a sponsored member of the Government Securities Division - They will be sponsored by Citigroup Global Markets Inc +- [source](https://www.dtcc.com/-/media/Files/pdf/2022/1/13/GOV1211-22PDF.PDF) + +# Who’s *Point72 Associates II, LLC*? +- Cayman Island Hedge Fund (Fund ID #: 805-5623715601) +- Gross AUM ~721 million (unknown date) +- [source](https://whalewisdom.com/filer/point72-asset-management-lp#tabadv_ownership_tab_link) + +# Any data on *Point72 Associates II, LLC*? +- Yes, [KCL Capital LP Form ADV filing](https://reports.adviserinfo.sec.gov/reports/ADV/290055/PDF/290055.pdf) +- FYI, this SEC form explains the purpose of each section of a [Form ADV form](https://www.sec.gov/about/forms/formadv-instructions.pdf) +- KCL Capital LP is a hedge fund with an AUM of $1.05 Billion as of 2021-03-29 – [source](https://whalewisdom.com/filer/kcl-capital-lp#tabadv_ownership_tab_link) +- In this KCL Capital LP filing, they report a lot of juicy stuff + - The main private fund they advise is a “master fund” called *KCL Capital Master Fund, LP* + - Two private funds fund this master fund: **KCL Capital Fund, LP** and **KCL Capital Offshore fund, LTD**. The latter is located in the Cayman Islands. + - This master fund is a *hedge fund* with a AUM of $656,975,482 + - Interestingly, 46% of fund is owned by by **non-US persons** + - Marketers: Shorebridge Capital Securities, LLC, which is a registered broker-dealer with the SEC – [source](https://files.brokercheck.finra.org/crs_269991.pdf) + - [ShoreBridge Capital Securities is the same entity as ShoreBridge Capital Management](https://reports.adviserinfo.sec.gov/reports/ADV/290660/PDF/290660.pdf), which the latter serve as advisors to both **ShoreBridge Point72 Select, LLC (AUM $136.8 million as of 2018-02-28)** and **ShoreBridge Point72 Select, LTD (AUM $557.4 million as of 2018-02-28)** + - Therefore, KCL Capital LP hedge fund advises ShoreBridge Capital which advises ShoreBridge Point72 Select + - There’s still more + - KCL Capital hedge fund advises 3 other private funds, and surprise surprise, they’re all hedge funds… + - [Crestline summit master, SPC – PEAK SP](https://aum13f.com/fund/crestline-summit-master-spc-peak-sp) – hedge fund with an AUM of ~$2.4 Billion + - [MAP 229, A Segregated Portfolio of LMA SPC](https://aum13f.com/fund/map-229-a-segregated-portfolio-of-lma-spc) – hedge fund with with AUM of ~$110 Billion + - [Point72 Associates II, LLC](https://aum13f.com/fund/point72-associates-ii-llc) – hedge fund with AUM of ~$650 Million at least at time of reporting + - All of these hedge funds involve custodians and brokers including big names like Goldman Sachs & Co. LLC, JP Morgan Securities LLC, and Morgan Stanley & Co. LLC, Merril Lynch Professional Clearing Corp, The Northern Trust International Banking Corporation, Citigroup Global Markets Inc, Credit Suisse Securities USA LLC, Barclays Capital Inc, Bank of America National Association, UBS Securities LLC, The Bank of New York Mellon Corp, and Morgan Stanley Capital Services LLC + +# TLDR – Yesterday the FICC approved the sponsorship of Steven Cohen’s hedge fund *Point72 Associates II, LLC* sponsored by *Citigroup Global Markets Inc.*. This hedge fund has an AUM of $721 Million is advised by KCL Capital LP (AUM of $656 million), which is another master hedge fund that also serves as advisors to various large hedge funds that amount to an AUM of at least $110 Billion and includes at least two other Point72 hedge funds (i.e. ShoreBridge Point72 Select, LLC and ShoreBridge Point72 Select, LTD). All the aforementioned hedge funds involve custodians and broker-dealers known to be short of GME. + +# **Buy, Hodl, DRS, be kind** +So I wrote some Python code looking for patterns in currency movement. I found a pattern that I backtested and got 69% success predicting whether currency INCREASEs / DECREASEs / STAYs SAME + +Is this a worthwhile % to be able to be profitable trading live? + +If yes : +Can I execute a trade based on my prediction algo and minimize loss on the other 31% I'm getting wrong with stop-loss set to execute if PIP change goes the other way to my algo prediction ? + +Hope that makes sense from this Noob! +Apologies if this is a dumb question- are there any inherent advantages of going with either just XEQT or buying the four underlying funds separately (in the same proportion as XEQT) instead? Like is one recommended over the other? I don’t mind spending five extra minutes making four trades instead of one, but I was curious to understand if there is any advantage in doing so? +I was playing with some ideas of portfolios on portfolio visualizer and I came across something weird. + +Since XEQT has a limited history, I use a combination of VUN, VEE, XIC, XEF rebalanced quarterly and at the same weights that iShares holds them at (45, 5, 25, 25). I then compared this XEQT replacement to XGRO and to a portfolio of XEQT 80% and ZAG 20%. + +I found that XGRO has severely underperformed both XEQT and also the sample 80-20 portfolio. + +Does anyone have any clue why? Also, has anyone realized the same and moved to managing their own bond holdings rather than using the all in one ETF? + +[Comparison](https://www.portfoliovisualizer.com/backtest-portfolio?s=y&timePeriod=4&startYear=1985&firstMonth=1&endYear=2022&lastMonth=12&calendarAligned=true&includeYTD=false&initialAmount=10000&annualOperation=0&annualAdjustment=100&inflationAdjusted=false&annualPercentage=0.0&frequency=2&rebalanceType=3&absoluteDeviation=5.0&relativeDeviation=25.0&leverageType=0&leverageRatio=0.0&debtAmount=0&debtInterest=0.0&maintenanceMargin=25.0&leveragedBenchmark=false&reinvestDividends=true&showYield=true&showFactors=false&factorModel=3&portfolioNames=false&portfolioName1=Portfolio+1&portfolioName2=Portfolio+2&portfolioName3=Portfolio+3&symbol1=XIC.TO&allocation1_1=25&allocation1_2=20&allocation1_3=0&symbol2=VUN.TO&allocation2_1=45&allocation2_2=36&allocation2_3=0&symbol3=VEE.TO&allocation3_1=5&allocation3_2=4&allocation3_3=0&symbol4=XEF.TO&allocation4_1=25&allocation4_2=20&allocation4_3=0&symbol5=XGRO.TO&allocation5_2=0&allocation5_3=100&symbol6=ZAG.TO&allocation6_2=20&allocation6_3=0) +I work for a tech company which restructured last week due to budget cuts. Economic conditions have prolonged the sales cycle and we have a strong pipeline of high visibility clients however, I wouldn’t be surprised if some of these opportunities either cancel/ put on hold…or take on less licences than expected. + +Several members of my team were made redundant and it seems it was a ‘last in, first out’ scenario. my role is def at risk if we have another round of redundancies if sales don’t pick up. + +Is this a ‘wait and see’ situation or should I start looking for a more stable job? I genuinely like the company and work conditions but I’m also the main income for our family. + +I have 6 months of expenses in an emergency fund. Mortgage repayments are reasonable (15% of my salary) + +Update: thanks all for the sound advice. Definitely helpful to hear from those removed from the situation. I have reach out to my network, polished the CV and already have a couple of good opportunities. +Since inflation might be peaking, this might be the highest variable rate for I bonds that we'll see for a while! And probably best to lock in the current 7.12% in April while you can, so that it can have both high rates in the year long minimum holding period. + +https://tipswatch.com/2022/04/12/i-bondss-new-variable-rate-will-rise-to-9-62-with-the-may-reset/ +https://www.cnbc.com/2022/06/07/target-markdowns-plan-to-cut-inventory.html + +Target warned investors Tuesday that its profits will take a short-term hit, as it marks down unwanted items, cancels orders and takes aggressive steps to get rid of extra inventory. The retailer slashed its profit margin expectations for the fiscal second quarter to account for a wave of goods winding up deeply discounted or on the clearance rack. Shares fell more than 9% in premarket trading following the news. “We thought it was prudent for us to be decisive, act quickly, get out in front of this, address and optimize our inventory in the second quarter — take those actions necessary to remove the excess inventory and set ourselves up to continue to be guest relevant with our assortment,” CEO Brian Cornell said in an interview with CNBC. + +By taking swift action, Cornell said Target can fend off further pain and make room for merchandise that customers do want, such as groceries, beauty items, household essentials and seasonal categories like back-to-school supplies. He said the company’s stores and website are seeing strong traffic and “a very resilient customer,” but one who no longer shops popular Covid pandemic categories. “We want to make sure that we continue to lean into those categories that are relevant today,” he said. Target anticipates its operating margin rate for the second quarter will be around 2%. That’s lower than the outlook it gave less than three weeks ago, when it anticipated its operating margin rate would be roughly around its first-quarter operating margin rate of 5.3%. + +In the back half of the year, Target anticipates profit margins will be in a range around 6% — better than its average performance for the fall season in the years before the pandemic began. The company said it still expects revenue growth to be in the low to mid single digits for the full year and to maintain or gain market share in 2022. Retailers from Walmart to Gap face a glut of inventory as inflation-pinched shoppers skip over categories that were popular during the first two years of the pandemic. Gap, for instance, said customers want party dresses and office clothes instead of the many fleece hoodies and active clothes the company has. Walmart said some families are making fewer discretionary purchases as the prices of gas and groceries rise. Abercrombie & Fitch and American Eagle Outfitters both reported a steep jump in inventory levels, up 46% and 45%, respectively, from a year ago from a mix of items not selling and supply chain delays easing. The extreme shift in consumers’ spending habits comes as retailers start to get back to healthy in-stock levels. That means some have an abundance of sweatpants, throw pillows and pajamas just as consumers search for swimsuits and suitcases. Plus, some shoppers are trimming back on spending due to inflation or putting more of their dollars toward experiences like dining out and traveling. + +Cornell said Target decided to roll out its new inventory plan after hearing retail competitors had similar woes. He said the company also wanted to get ahead of key sales seasons, such as back-to-school and the holidays, when stale merchandise could clutter stores and drive away customers. Target said it had nearly $15.1 billion of inventory as of April 30, the end of the fiscal first quarter. That’s about 43% higher than in the year-ago period. Target shocked Wall Street on May 18 with a wide earnings miss for the fiscal first quarter, as it got hit by fuel and freight costs, higher levels of discounting, and a rotation away from items like TVs, small kitchen appliances and bicycles. Its shares fell nearly 25%, marking the company’s worst day on Wall Street in 35 years. + +Walmart missed earnings expectations, too. Its inventory levels were up about 33% compared with a year ago. Walmart U.S. CEO John Furner said at an investor event on Friday that about 20% of that is merchandise the retailer wishes it did not have. Roughly a third is additional inventory to help the retailer restock key items. He said it will be “a couple of quarters to get back to where we want to be.” That company’s shares also fell after Target’s announcement on Tuesday. Walmart’s shares were down about 4% in premarket trading. Cornell said Target is sorting through its inventory, deciding in some cases to pack away merchandise to sell at full price in the future and in other cases to promote or come up with ways to sell through it now. For instance, he said, Target had a big sales event over Memorial Day weekend to clear bulky outdoor items like patio furniture out of its backrooms. It also got additional space near U.S. ports to hold merchandise, so it has a place to move goods — some of which are arriving too early or too late. +Jon Stewart is helping to shine a spotlight on congress basically accepting bribes to allow dirty tactics in the financial markets. This is one of the most important issues of our life. Do not let this opportunity slip. + +This is it, this is our chance to finally push to get lobbyists out of the American lawmakers pockets. We need to be clear that we don’t want lobbyists in politics at all. All across government, not just specific to Wall Street. We need to outlaw the practice entirely. + +We need a government that is looking out for the citizens best interest, not the 1%. With lobbyists influencing our policymakers, that is basically impossible. Let’s do this +S&P 500 is now 40 times the average inflation-adjusted earnings from the previous 10 years, known as the Cyclically Adjusted PE Ratio (CAPE Ratio). + +This value is now 92% as high as it was in the peak of the 2000 tech bubble. + +[https://www.multpl.com/shiller-pe](https://www.multpl.com/shiller-pe) + +How this is computed: + +1. Look at the yearly earning of the S&P 500 for each of the past ten years. +2. Adjust these earnings for inflation, using the [CPI](https://www.multpl.com/cpi/) (ie: quote each earnings figure in 2021 dollars) +3. Average these values (ie: add them up and divide by ten), giving us e10. +4. Then take the current Price of the S&P 500 and divide by e10. +EDIT: Ages 16-24 only. + +[Here](http://www.jobcorps.gov/Home.aspx) is the main page and [here](http://recruiting.jobcorps.gov/en/benefits/careers.aspx) is a list of careers. They will also help you complete your GED. + +Shoutout to [this thread](http://www.reddit.com/r/raisedbynarcissists/comments/2nuf7h/found_one_possible_way_young_people_can_escape/) in [r/raisedbynarcissists](http://www.reddit.com/r/raisedbynarcissists/). +A large amount of you thought the virus was a "glorified flu" that would have limited impacts on the market. + +Now the common malarkey I see here is that "the market will shoot right up as soon as the virus is under control in 3-6 months." + +This assumes that the bear market we are seeing was entirely caused by the coronavirus and not that the coronavirus was a trigger that caused a sell-off for other/additional reasons. + +Once the virus is "under control" we are going to see many following quarters of negative earnings reports. We will likely be in a recession marked by job cuts that will impact the affected people's ability to pay their mortgages and contribute to 401ks and make discretionary purchases. Consumer confidence will remain challenged. The market will have to readjust to an environment where the Fed can't bail it out with an interest rate cut automatically as it has the past decade. + +Additionally the massive amount of bail outs to industry and support of affected workers means even more debt on top of an economy that is more indebted at the government, consumer and corporate level than in 2008. + +Don't make the mistake of viewing the current market environment solely through the lens of COVID-19. We will be in an entirely new economic environment when this passes. +I appreciate that this is a financial advice subreddit. The reason I've posted here is that I'm keen for the "demands" to ultimately benefit me financially - I just think a raw salary increase will not be accepted. I'm looking at courses etc. but is there anything else I might've forgotten? + +For context, I like my job and don't have any immediate plans to resign. I work in a relatively well paid profession. + +**Edit 1**: Thanks for the epic responses everyone. They want to bring this discussion on quick smart. Once I've had the discussion, I'll come back and provide an update of: (a) what I asked for; and (b) what I got! + +**Edit 2**: I've taken on the feedback regarding raw cash (notwithstanding some of the frankly unnecessarily rude comments) and asked for: (a) a raise to baseline salary; (b) two further education courses to be paid for over the next two years; and (c) four weeks of remote work per year, anywhere in the world with work to pay for flights/accommodation for two of those weeks every two years. + +Some further context that I think would have been helpful for those who have offered advice: (1) I already get paid quite a bit above market and more than I could get elsewhere; (2) I can't physically work much harder, so that's not a concern 😂; (3) corporate structure means equity is impossible; (4) not employed at-will and PTO rolls over forever already; and (5) taking away the hassle factor, I am entirely replaceable. + +**Edit 3**: Update. All requests accepted, but pay bump going up the chain to get approval which may mean it does not occur until a bit later in the year. +I have just enough to get a Monero coin and wondered is it really worth just getting one of them? Do you guys estimate it will go well over 1k in the future similar to bitcoin or will its cap be about $1000. + +I like sound of monero just not sure its worth 1 when i could get a lot more IOTA or FUN coins which could potentially do a big rise over next few years +[**GameStop Wallet Support**](https://support.blockchain.gamestop.com/hc/en-us/sections/4412111751955-Getting-Started) + +# 🟣 [Computershare Megathread](https://redd.it/vp01of) + +>Wondering what DRS is? Want to know how and why people are Direct Registering their shares? Here you'll find our guide and additional resources, as well as a welcoming community answering questions in the comments! + +# 🏴‍☠️ [NFT Marketplace & Wallet Megathread](https://www.reddit.com/r/Superstonk/comments/vluysg/gamestop_nft_marketplace_wallet_megathread/) + +>Why is GameStop getting into NFTs? *WTF* even is an NFT? How do I set up a GameStop Wallet? How do I get a cool/custom wallet address? All these questions and more are answered here! + +# 🙋 ​[What's GME & should I consider investing?](https://www.reddit.com/r/Superstonk/comments/qig65g/welcome_rall_looking_to_catch_up_on_the_gme_saga/) + +# 📚 Library of Due Diligence [GME.fyi](https://fliphtml5.com/bookcase/kosyg) + +>A collection of over 200 of the most important, groundbreaking **D**ue **D**iligence. If your looking to familiarize yourself with the GME bull thesis or the underhanded tactics of the short sellers involved in this trade– then this is for you + +**Read** [**the Rules & Wiki**](https://www.reddit.com/r/Superstonk/wiki/index) **||** [**MOASS FAQ**](https://www.reddit.com/r/Superstonk/wiki/index/faq) **|| Join our** [**Discord**](https://discord.gg/Superstonk) + +Low karma? Want to feed DRSbot? [Post on r/GMEOrphans](https://www.reddit.com/r/GMEOrphans/comments/qlvour/welcome_to_gmeorphans_read_this_post/) + +How to [Filter by Flair & Search](https://www.reddit.com/r/Superstonk/comments/v0oxp2/how_to_filter_by_flair_search_for_posts_on/) on Superstonk + +Tag u/Superstonk-Flairy for help with user flairs, find [custom emoji options here](https://www.reddit.com/r/Superstonk/comments/v89p0h/new_superstonk_user_flair_emojis_how_to_edit_your/) +I grew up in the ghetto area of my city. My mom was a drug addict, dealer, on Section 8, and food stamps. I had like eight different outfits and only ate breakfast when I made it to school early enough. + +In the years since then I have become what most would consider upper middle class. I have a house that's more than I need, considerable retirement funds, I never go hungry, and I don't stress on the majority of my day to day finances. + +None of this was acquired by my persistence, intelligence, or work ethic. It was all dumb luck. + +Not to say I didn't work hard. Oh boy did I. When I was a young adult I worked several jobs, did day labor on the weekends, and did side work in the rest of my free time. All of that and I was still constantly broke. I took out ridiculous loans to get two associates, a bachelor's, and a Masters. A degree i still don't use. I took free classes amd learned new skills. I "pulled myself up by my bootstraps" and I still had to stretch a $5 pizza out for 3 days. + +But my change in social status was literally all luck. None of the "hard work" I did really mattered. + I got a decent "foot in the door" job because their first choice backed out. I got promoted because key people retired or quit and I was the only one there qualified. I met my partner that had a middle class lifestyle. I bought my first house dirt cheap and sold at the right time. Etc. Etc. + +So don't let other people ever beat you down for not doing as well as they are. Most people want to take credit for their lot in life when a lot of times it has nothing to do with them. Your zip code, parents, and dumb luck matter a whole hell of a lot more than hard work and persistence. + +Yes, all the other stuff can help you here and there, but none of it will matter without a bit of timing and luck on your side. + +I wish you all good luck. +[Alphabet (GOOGL) Could Spin-Off Waymo, Creating a $70B Competitor to Tesla (TSLA) - Morgan Stanley](https://www.streetinsider.com/Analyst+Comments/Alphabet+%28GOOGL%29+Could+Spin-Off+Waymo%2C+Creating+a+%2470B+Competitor+to+Tesla+%28TSLA%29+-+Morgan+Stanley/12935358.html) +This week FINRA made a huge mistake. Our thesis is about to be proven verifiably true. + +This has the potential to prove most, if not all stocks are grossly over sold and everyone will not fit on the airplane. This could ignite a whole new wave of DRS that will boost the speed at which the float of GME is locked by individual traders Buying, Holding, DRSing, *and Booking,* because they like the stock. + +As more people realize that **the only real share is a DRSed share,** and that brokers only hold IOUs from shorters, there will be a mad run on the brokers to get real DRSed shares. What better ticker to run to than GME that has 25% of the entire company already locked away. Seats are filling up fast get yours quick. On the fence GME holders are going to be more convinced that **DRS IS the only way.** + +FINRA had two options, with the oil preferred share that is going private. Allow the price to go parabolic as brokers force close short positions (which many brokers had stated forced closing was going to start on the 9th and 11th). Or protect the shorters and screw retail. + +If FINRA let it rip the last two days it was supposed to trade Wall Street would be brought to its knees again like it was during the first GME sneeze. Not only that, many shorters would be weakened and some destroyed AND tons of money was going to be placed in the hands of investors directly opposed to Wall Street. Much of that money if not most was going to be poured into similar over shorted tickers (most likely GME), but now shorters would be on ventilators and would not be able to keep their positions open. The dominoes would begin to fall, ticker after ticker going to go exponential. + +If they side with the shorts. The system continues for some more time. But the crime would be too big and too obvious to hide. Lawsuits would fly. **Holders of the oil preferred share did NOT DRS,** because they wanted to sell during the squeeze and turn around and invest in other plays like GME, the stock they really love. Because most were not already on the plane, everyone would now be crammed in. Shorters would rejoice and throw caution to the wind. “We’ll never have to close!” They”ll shout! Ticker after ticker would be shorted into the ground. For the holders of worthless street name preferred shares that couldn’t fit on the plane, a “liability cusip” would be created for a private company that was supposed to have no cusip, because there would be no other place to stuff all the stocks. Investors would be upset, get more vocal. Those on the fence about DRS would now see **DRS IS the only way.** A run on the Brokers would potentially ignite. Street name stock would become worthless, broker after broker would fail. The system would explode and become inoperable. + +Not an easy choice for FINRA, but in the end they sided with crime and protecting the system for one more day. + +There is no way out. They are trapped in the room with us. **DRS HARDER NOW. DRS EVERYTHING!** +Did you reach a certain number? Did sell your business? Or perhaps your kids finished high school? + +For me, it was when I realised I had worked the same amount as an 80 year old average Joe, despite being only 55. +I know that I'm preaching to the choir but don't make my mistake - this is a throwaway account to show you that timing the market will fuck you over. It is also a post to keep me in check for my future self. + +I can't believe I was so so dumb and I'm ashamed of my trades every. single. day. + +A bit of background about myself, I'm a 31 years old guy working in finance with a complicated past. My parents were not the best parents in the world, they had a drinking problem, I got my fair share of ass-whooping, and my self-esteem was always very low. Now take this extreme anxiety with a very doomer vision of the world and you got a recipe for a disaster. Fast forward a couple of years of blood, tears, and sweat and I landed a good job in an investment bank. I'm not a trader nor a PM but I do some middle office stuff for a couple of years now. I know how to read 10-k, financial statements, I do listen to earning calls and I know my fundamentals. + +I was always afraid to invest in the stock market having flashbacks to 2007 but I knew it was the only way to make money and I needed to do it before the world goes to shit. I knew I had to strike gold to become rich because with my salary I would never be able to prepare for the incoming floods, droughts, migrants problems, brewing civil war, peak oil and peak copper. I wanted to make money like those guys in WSB, like the btc miners and the RE moguls from 2013+. I wanted to reach FIRE as soon as possible not in 10-15 or 20 years + +In 2018, after 4 years of job-hopping and pinching every penny, I was finally financially stable to allow myself to invest and trade. My strategy was to select a couple of stocks to hold and a couple to trade. I told myself there's no better time to invest and I started investing in 2019 just after the 2018 dip in a diversified portfolio of growth and blue chip stocks with a 10 years horizon. It took me dozens of hours of research to select the stocks, reading reports and checking historical data. + +In 2019 I finished the year with a nice 15% pp above sp500 and I was really happy and flabbergasted by my ability to pick stocks. In hindsight, I was dumb and I followed to the T the Dunning Kruger path. 2019 was a bull market and it didn't occur to me I could just pick any stock and make money. [picture](https://i.postimg.cc/BvwVFWjT/image.png) + +Then 2020 rolls around and I started selling my portfolio. I knew about covid around dec. 2019 and I was thinking I can time the market. I thought it is my golden opportunity to strike gold. Just before Powell announced QE I decided to jump all in with a 2x inversed sp500 ETF AND VIX etf. It was my biggest failure... I stuck with those for a couple of months thinking that the market will eventually crash. How long the US can keep up with a 25% unemployment and one 1200$ check? Then I started doubting my strategy and luckily I started buying back my picks while selling the inverse and vix. And this is how I finished 2020 with -7% returns compared to 15% of sp500. [2020 performance chart](https://i.postimg.cc/rmVwDrt0/image.png) + +YTD 2021. What can I say, my blue chips are crashing hard. Sp500 is at +15% YTS while my portfolio is -16%. [2021 YTD](https://i.postimg.cc/J42DSPHT/image.png) + +[Overall, since 2019 I'm still +15% but it is nothing compared to sp500](https://i.postimg.cc/SRHxZQgm/image.png) + +I hate myself, I hate my life and I don't know what to do. I keep reading about people without zero financial knowledge getting +200% or 1400% returns after investing in April 2020 and here I am weeping and trying to understand my mistakes. When I look at my portfolio where I tried to time the market I just can't believe how dumb I was. I now have like "PTSD" symptoms and I will not invest any more money into the stock market. Inflation is eating away my money and I need to make peace with the fact that I'm dumb. Since 2020, fundamentals jumped out of the window, every person is investing and nothing makes sense. If I see another comment "It iS prIcEd IN" or how someone yolo'd everything into Tesla I will strip naked and run a marathon on the highway. I just can't bear with the fact that I have a master's in finance and I failed miserably compared to some teenagers that know nothing about EBITDA or FCF. + +My failures: + +- [2x Inversed sp500](https://i.postimg.cc/8PSNcWQ1/image.png) +- [Buying GME at 4$ and selling it at 3,5$ then buying it again at 200$](https://i.postimg.cc/4NsRsgVy/image.png) +- [VIX ETF](https://i.postimg.cc/C17H8kPW/image.png) +- [Selling TESLA like an idiot](https://i.postimg.cc/SxjSb4b8/image.png) +- [Selling NVIDIA](https://i.postimg.cc/Y9MTkNLV/image.png) +- [Selling moderna](https://i.postimg.cc/J79vzWXZ/image.png) +- [Buying and selling at a loss sp500 in October 2020](https://i.postimg.cc/SN6TQYkb/image.png) +- Selling my 4 BTC for 300$ ages ago + +As I said, don't time the market, invest your money in VTSAX. +Good Morning Apes! + +Welcome to fail date number 2 of my Futures Failed Cycle theory. Today marks the end of the second T+35 cycle starting on 9/17 which was the September Futures Expiration Date and Quad-Witching. I am expecting a larger number of FTDs on this part of the cycle than we saw previously on the 13th. They should have until market open tomorrow to cover these. + +Here is the expected price action for today... + +[High 196.92 \/ Low 190.17 \/ Volatility Peak 212.69 \/ Support 184.19](https://preview.redd.it/xh1lgqrvtsu71.png?width=2462&format=png&auto=webp&s=d751c66cddfa2511226dc7b0d3876ac5b4452b8b) + +*\*This is just to give a rough estimate of where we will likely see the majority of our volume trade today and an idea of how high we could spike if they cover FTDs, I'll note with the bid/ask as wide as it is, it's possible we could go higher however with FTDs 87% lower than last year's corresponding cycle I do not expect this.* + +Here is where we are in the cycle currently + +[GME 1D ](https://preview.redd.it/2nwwuiikxsu71.png?width=1608&format=png&auto=webp&s=a272d949f80660be891699cd99125efc20298ebd) + +For more information on this and my futures theory please check out my weekly DD. + +Check out this weeks analysis here: [Weekly Analysis](https://www.reddit.com/r/Superstonk/comments/qa8xem/jerkin_it_with_gherkinit_week_1_futures_wrapup/) + +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 + +Well we had a solid run right out of the gate and I may have gotten a bit carried away with myself. But It does appear that covering occurred but definitely not at the levels I expected. I do think they covered more in that midday volume spike when we went from 800k to 1.6m volume in 30 minutes but with only $4 of price improvement. So I know FTDs are far lower this cycle but I still would have like to see a test at $200 at the minimum for confirmation. If there are any more FTDs from today that need covered they have until market open. As for tomorrow, ETF APs have an additional day T+3 vs. T+2 so we may seem some covering from the massive amount of ETF FTDs but I have a hard time believing they would let it run on a Friday. Thank you all for following along, I'll see you tomorrow. + +\- Gherkinit + +https://preview.redd.it/2wh45ahh2vu71.png?width=701&format=png&auto=webp&s=7beda789107703396cd809179e1056ea2254bc0a + +Edit 6 1:54 + +Failed to hold the resistance at 183 pushing down below max pain now. next resistance at 180. + +https://preview.redd.it/wzwo90xvduu71.png?width=1592&format=png&auto=webp&s=fe824c5d229565737051bc6c282cafded78d2497 + +Edit 5 12:57 + +t-12 minutes to 12:69 and we have an ascending dolphin into a jacked tittie on the 1m...bullish. Or it's a head and shoulders. + +https://preview.redd.it/rxxguflp3uu71.png?width=1594&format=png&auto=webp&s=32bfa3c6072599d243ae833066e92967b75a0a9f + +Edit 4 12:26 + +Massive volume coming coming in consolidating right before the 30/60 cross to the upside + +https://preview.redd.it/1m61p0rcytu71.png?width=1597&format=png&auto=webp&s=183e8acfbdcdae1a05814d504d4e98c56856af1c + +Edit 3 11:39 + +Shorting coming in on the market downtrend, I see this as either they covered whatever FTDs needed to be covered on the run to 190 this morning or they are driving the price as low as possible before covering. + +https://preview.redd.it/vt1n0buxptu71.png?width=1608&format=png&auto=webp&s=16dced1bc2b8ec4d5f3fddafaf27d5c2e30ddc64 + +Edit 2 10:17 + +Double bottom on the EMA 60 after that rejection at 190 + +https://preview.redd.it/m8elbt72btu71.png?width=1603&format=png&auto=webp&s=a6358f1bee92ebb87a48acd0a5da510047cb10cc + +Edit 1 9:52 + +My ego actually couldn't be bigger right now, for those that doubted 👀 + +https://preview.redd.it/66glhn2q6tu71.png?width=1606&format=png&auto=webp&s=ae15e595b2c8f17af4529cf72a07c405aa0ccf7b + +# Pre-Market Analysis + +I feel like this may be our lowest pre-market volume to date feel free to correct me in the comments but right now at 8:48 we have 2.32k. IBKR with 35k Available to borrow and Fidelity sitting on over 1M. I'm not sure why we are seeing such a significant increase in Fidelity shares to borrow currently but are now up 400k over yesterday's low. I expect a morning short with 125k shares borrowed at market open. + +[GME flat in the pre-market on the 1m](https://preview.redd.it/lno41gb7xsu71.png?width=1613&format=png&auto=webp&s=50579df010e4cd9877c894abe336385694eadcd3) + +TTM squeeze throwing it's 4th consecutive fire signal on the 1D + +[TTM and BBKC stacking fire signals](https://preview.redd.it/itab7y2ywsu71.png?width=2452&format=png&auto=webp&s=82a464ff0fcea25cd74347cd6c1dbbf53467d19e) + +**Disclaimer** + +*\* Although my profession is day trading, I in no way endorse day-trading of GME not only does it present significant risk, it can delay the squeeze. If are one of the people that use this information to day trade this stock, I hope you sell at resistance then it turns around and gaps up to $500. :)* + +*\*My YouTube channel is "monetized" if that is something you are uncomfortable with, I understand, while I wouldn't say I profit greatly from the views, I do suggest you use ad-block when viewing it if you feel so compelled.* *My intention is simply benefit this community. For those that find value in and 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/) +Hi all! Looking for some thoughts and opinions on this financial situation.. + +It would be my first major expense at age 24, with a stable paying job in my career. I’ve been saving for years, frugal and spending only on what I must.. also no debt- no student loans or high credit balances. + +Is now a good time to buy a car? I’m looking at an SUV or electric fir the long-haul. I would consider any lease or loan option- whichever is a better deal. Yes- it would be a primary, everyday car. + +I definitely have great credit, so the interest would not be an issue. Also have saved plenty for a down payment (about 20%). + +Insurance would be under the family plan. Only out of pocket costs is car monthly, maintenance, and gas. I’ve calculated a monthly of up to $450 is affordable. + +The link here- I am also saving for a home and am well on my way to a hefty down payment there, too. All while keeping the emergency fund out of the expenses. What I’m thinking is- I’d rather not have a time where two major purchases are made close together. + +And, planning for the future/retirement is also in the works. I have a solid investment foundation I do not touch, as well as the IRA and 401K from my employer. + +Any and all opinions are respected and well-received! Thanks for all the contributions. +here's why all of you that think that you are being smart and holding out on FOMO and not buying into uranium will be cucked even more over the coming weeks + +1. SPUT has issued a prospectus totaling $300 million worth of capital raising to purchase uranium - currently they have only used $70 million worth over the past 2 weeks to purchase uranium and look at uranium spot price - in plain English IT'S GOING TO KEEP RISING as demand surges with SPUT continuing to enter the physical uranium market - higher uranium spot price, higher prices of uranium stocks + +2. people are starting to catch on that nuclear power is inevitable - other renewables simply cannot provide enough energy to sustain the population and with major economies targeting zero carbon, the only way possible to achieve that is through nuclear power, something that many countries are accepting now including India, China, Japan and the new DEMOCRATIC US - Biden has big plans to address the climate change problem ($2 trillion) INCLUDING nuclear - with high regulation, good management and new technology, nuclear will actually be the safest form of energy for the future, safest, most efficient and most reliable - ALL leading climate scientists point that significant nuclear power is ESSENTIAL to address the climate problem and meet targets + +3. note that: (a) hydro requires water, solar requires sun, wind requires wind - all other renewables operate at a capacity of 25-40%, nuclear, nuclear operates at a capacity of 92% - it's the clear winner (b) USA is already having problems keeping power on the grid - massive blackout in NY in 2019 (c) the introduction of EV will see a substantial rise in power required, where are they going to get that power from, whilst meeting their carbon emissions target? (d) there were several warning signs behind the Fukishima disaster that the Japanese government decided to ignore - we have learnt our lesson - and more importantly new technology i.e. small modular reactors being implemented is automatically MUCH safer (e) nuclear waste can and will actually be minimal especially with these advanced designs - the nuclear waste from a submarine operating for 33 years, powered by nuclear power, can fit in a trash can + +4. in other words, yes hype is increasing, and it may appear to be uncalled for, but it really isn't, nuclear WILL be big and uranium WILL be big and this is the beginning of its meteoric rise again - its only the BEGINNING, scratch that perceived "FOMO" and get in while its still cheap + +5. also for some autists that think just because nuclear power may not be the dominant form of energy until 2030 or even 2040, DEFINITELY doesn't mean that the value of stocks weren't rise considerably before then - look at lithium - how many electric vehicles do we actually have in production and on the market? - ALL lithium stocks have gone up at LEAST 500% over the last 12 months with some stocks going up to 30x and 50x in value + +my choice is PEN + +1. located in Wyoming, USA - considered the "energy capital" of USA - governor is pro-nuclear - also note that Biden has stated that he will not be sourcing uranium from non-allied countries due to its security threat + +2. strong fundamentals - experienced team - been in operation for 25 year with good management - CEO was part of the last bull PDN bull run + +3. industry leading, cost efficient low PH method to uranium mining - only company that holds the licence to utilise in the US + +4. production process currently being optimised - when thats complete in 6 to 12 months and uranium spot price reaches a fair price which it will SOON - ready to begin production with 6 months + +5. some supply contracts already fixed through until 2030 + +6. massive institutional investor interest in the background over the last few months + +7. at 0.185 - is UNDERVALUED - the price rise that has occurred over the last few days have only made up ground for the panic selling and uncalled for fall from the equity raising they announced in late May and June to purchase physical uranium - which turned out to be a really good decision - if you draw a trend line a fair price given the companies prospects, it is 0.19 - that does NOT INCLUDE the trend increase in the entire uranium industry and the creation of SPUT and increasing uranium spot prices over the last few days - this WILL get factored into its price over the coming weeks - my estimation settling at a price of ATLEAST 0.23 to 0.25 + +all in all, the reluctance that many of you people have to purchase at 0.185 as you believe it will be out of FOMO and hence negative to your standing, that's BS and you'll actually end up being more sorry over the next few weeks + +GET IN WHILE ITS HOT +Having seen a few posts about people going bust or gambling with funds they don’t have I thought it may be beneficial to talk about risk appetite, risk tolerance, and what they mean for you. Firstly let’s get the basic shit out of the way: + +**What is risk appetite?** + +Risk appetite is an investor’s longer-term strategy of what they wish to achieve and the resources available to achieve it, expressed in quantitative terms. Put basically are you happy with industry average 6-8% returns year on year, are you chasing bigger returns of 20%+ a year, or are you trying to make 500% over the next three days before your mum finds out you crashed her car and you urgently need to get it repaired. + +The flip side of risk appetite is how much are you prepared to lose? If you want to go full retard and trade options you can lose 1000% of your initial investment, however for the purposes of this post we’ll assume you’re trading stocks, and therefore the maximum you can lose is 100% of your initial investment. If you have a high risk appetite it means you’re prepared to lose everything. + +**What is risk tolerance?** + +Risk tolerance, defines the acceptable minimum and maximum variation levels for an individual stock or industry sector. In simple terms it means how much volatility are you comfortable with in your portfolio on a daily/monthly/yearly basis? If you’re a boomer who’s about to retire you want low risk tolerance, so you’d invest in boomer shit like Westpac and Coles because they’ll keep paying dividends like clockwork until you die, or a global pandemic occurs. The trade off for a lower risk tolerance is even though you’re invested in ’safer’ stocks they can still trend downward, just ask Telstra. + +**What does that mean for me?** + +Understanding your risk appetite and risk tolerance is important when developing your investing strategy, as when combined they form c̶a̶p̶t̶a̶i̶n̶ ̶p̶l̶a̶n̶e̶t̶ your risk profile. It’s important to know that investing 90%+ of your portfolio into one small cap stock means that there’s a reasonable chance you’ll lose a chunk of your portfolio at some point. Likewise if you spend your whole time on /r/Ausfinance and keep a balanced portfolio of 30% ETFs/30% cash/40% gold there’s a fair chance your portfolio will do fuck all over the next decade because you’ve got no risk appetite or tolerance. + +Find a risk profile that works for you. For most this will be a [core and satellite approach,](https://www.investopedia.com/articles/financial-theory/08/core-satellite-investing.asp) whereby you have a core of low risk tolerance stocks a smaller satellite of high risk tolerance stocks. This can be any ratio, though common ratios are 60/40, 70/30 or 80/20, again depending on your level of risk. Using the first example this means that 60% of your portfolio is in lower risk investments (ETFs, mid caps, blue chips) while 40% is in more speculative ventures (crypto, small caps). It’s basically an insurance policy against your own fuck ups, that even if you buy into a small New Zealand based ling maw producer at an ATH which then proceeds to dump in spectacular fashion, your portfolio doesn’t take an absolute battering and you don’t have to start again from scratch. + +**High Risk Appetite/High Risk Tolerance** + +*Investing in one or two small cap stocks in the one industry sector + +*Investing in crypto + +Pro: High risk, high reward. If you want to get rich quick this is the way to do it. + +Con: High risk, high losses. If you want to get poor quick this is the way to do it. + +Example stocks: IXR, PEN, RAC + + +**Low Risk Appetite/High Risk Tolerance** + +*Investing in multiple small cap stocks across multiple industry sectors + +*Investing in established companies that can still boom or bust + +*Investing in companies that are beholden to commodity trends + +Pro: All of the multi-bag potential over time, less of the -70% in one day. + +Con: They can still fail, albeit slowly over time or with new restrictive government regulations. + +Example stocks: FMG, APT, Z1P, LYC + +**High Risk Appetite/Low Risk Tolerance** + +*Investing in individual mid cap stocks + +*Investing in specific niche ETFs + +Pros: Less volatility and can multi-bag. + +Cons: Prone to stagnation if their industry falls out of favour, can still crash and burn + +Example stocks: NXT, HACK, NDQ, KGN + +**Low Risk Appetite/Low Risk Tolerance** + +*Investing in broad market ETFs + +*Investing in world ETFs + +*Investing in term deposits + +Pros: Low maintenance, less volatility, follows the broader global economy + +Cons: Possible lower returns, slower growth, long term strategy + +Example stocks: VAS, GOLD, CORE, VGS, cash under the mattress + + +In short if your portfolio is causing you stress, anxiety or financial hardship it's because you're using the wrong risk profile. Review, change and adapt as necessary. +EMH (European Metals). Cinovec project. +\~206 million shares fully diluted @ 17/5/22. + +**09 May 2022:** [**Update here**](https://www.reddit.com/r/ASX_Bets/comments/uleegh/comment/i7vbsxs/?utm_source=share&utm_medium=web2x&context=3) **with some serious concerns.** + +I generally don't believe in lithium juniors with hydroxide strategies, because: + +* Tianqi & IGO's Kwinana stage 1 hydroxide plant (25ktpa) had a cost price of AU$300mill, which has now [ballooned to $770mill, and missed deadlines](https://www.afr.com/companies/mining/chinese-owner-restarts-work-on-australia-first-lithium-plant-20210428-p57n68). +* Albermarle & MIN set aside US$1.2billion for 2 x 25ktpa hydroxide plants, which are set to go [over budget and deadline](https://www.afr.com/companies/mining/lithium-giant-s-lament-over-labour-shortages-cost-blow-outs-in-wa-20210806-p58gdj). +* WES invested in Mt Holland with a US$600m 50ktpa hydroxide price tag, which has now [moved to US$700mill](https://www.afr.com/companies/mining/investors-wary-of-more-cost-blowouts-on-wesfarmers-lithium-deal-20190523-p51qc3), and will inevitably continue to grow. Their 2024 deadline is ambitious, to say the least. + +My opinion is that hydroxide production always leads to significant, unanticipated costs, which those multi-billion dollar companies can grudgingly absorb. I'm not sure if lithium juniors can. +However, EMH have a partnership with CEZ, a US$15bill government energy organization. Unlike the situation currently unfolding with LPI in Chile, CEZ seem to be a willing participant, which bodes well. Of course, there'll be some complications in partnering with the government, not least meeting projected timelines, along with them having 51% ownership. + +I'm cautious about EMH's [management](https://www.europeanmet.com/board-and-management/). Moving down that list, it seems the only person with lithium experience is Harman. And according to his bio, most of his experience is in laboratory/small scale processes with Talison (Greenbushes), none of which include hydroxide. I think EMH would do well to recruit some proven experience in that area if they haven't already. MIN have partnered with Ganfeng & Albemarle, PLS with Posco and CATL, IGO with Tianqi, WES with SQM, FFX & CXO with Ganfeng. Those relationships are crucial, IMO. + +The Cinovec resource has an extremely low [grade cut-off](https://www.investi.com.au/api/announcements/emh/8d4b608b-40d.pdf) (p.3), and worryingly, the PFS doesn't list a strip ratio. I've mentioned previously that 3.5:1 (waste:ore) or better is a feature of all current producers, and EMH should really include it.With regard to resource cut-offs, note that PLS had 226mill tonnes with a [cut-off of .2%](http://www.pilbaraminerals.com.au/site/PDF/2235_0/PilgangooraReserveandResourceUpgrade), and [156mill tonnes using .5%](http://www.pilbaraminerals.com.au/site/PDF/3ff9f5b8-8be3-4178-8021-2dc6a2b62a27/PilgangooraOreReserveUpdate). So about 30% of the resource evaporated with that change.However, even if EMH lose 50% when converting their resource when converting it to a reserve, they're surely still viable if they have higher grade areas they can target, as commonly happens. + +I lack the technical ability to properly evaluate lithium extraction from zinnwaldite, so I'm just going to accept the words of industry veteran Gerrit Fuelling, who claims this project is viable.The best I can do is an operating cost comparison with the two currently operating Australian projects that involve mica. Mt Cattlin (GXY) moves between US$350pt to US$420pt for spodumene, depending on many factors, while Mt Marion seems to have a recent cost of US$380-400, based on guesswork from MIN's HY report. Interestingly, that's a huge decrease from where MIN were previously in the 400s (they upgraded their facilities in the 2H of 2020). +These costs vary wildly, because during tough times like covid, many companies targeted their more ore-rich areas to cut costs (through reduced strip ratios). Now that prices have risen, they're [addressing the higher strip areas](https://wcsecure.weblink.com.au/pdf/GXY/02381236.pdf) (p.1). Also, they keep tweaking their facilities, so it's difficult to pin numbers down. But overall, mica deposits are comprehensively more expensive. +Low cost producers like PLS (US$280-320pt) seem to only have a trivial advantage at current prices, but it made a huge difference when the market dipped below US$400pt in 2020. Obviously, scale matters, and stage 2 could see PLS [producing at US$200-250](http://www.pilbaraminerals.com.au/site/PDF/2194_0/OutstandingDFSResultsSupportPilgangooraExpansion) (p.1). EMH will have the smallest capacity size of all these projects (initially). + +Now, recovery rates. MIN achieves an amazing [90%](https://clients3.weblink.com.au/pdf/MIN/02283422.pdf) (p.12), but it's not quite as good as it looks. Their plant used to process 4% spodumene, which they upgraded. However, only [76%](https://clients3.weblink.com.au/pdf/MIN/02339580.pdf) of the spodumene is actually spot market grade (p.35), so I'm assuming that's the reason for the high recovery. I've never seen 6% spodumene recovered at 90% from any project. Mica deposits have more difficulty, as it results in clinkers, [commonly limiting recovery rates to 75%](https://www.linkedin.com/pulse/all-chemical-grade-spodumene-concentrates-same-harman-grant/). +EMH has incorporated their concentrate processing cost into the [LCE cost](https://www.investi.com.au/api/announcements/emh/8d4b608b-40d.pdf) (p.18). Column 4: US$1625 + US$770 for the concentrate. If we divide that by 7.5, they seems to imply a cost of $319 per ton. It looks too low—less than GXY & MIN. Clearly, their recovery rate of [90%](https://www.investi.com.au/api/announcements/emh/8d4b608b-40d.pdf) (p.11) is doubtful. As I said, I don't have the technical expertise for this, but I'm going to use 75% (which is still high), until EMH's process is proven at scale. If they build out extra concentrate capacity (that'd increase the CAPEX), this won't affect the volume of hydroxide they're able to produce, but it will affect the cost per tonne. Based on a recovery rate of 75%, EMH will be looking at US$383pt, which still looks understated based on the previous point about potential strip ratio. + +So going back to the US$2395 (1625+770) for 7.5 tonnes of concentrate: my adjustment takes it to US$2873, coming to a lithium hydroxide production cost of US$5365. +However, they've also nominated a cost of [US$2458pt](https://www.investi.com.au/api/announcements/emh/8d4b608b-40d.pdf) (p.18) to convert the 7.5 tonnes of spod to hydroxide. I'm relieved to see they're not factoring in LPD's yet to be unproven [LOH-Max technology](https://www.lepidico.com/l-max-technology/technology/), though they had previously partnered with LPD for [L-Max](https://www.investi.com.au/api/announcements/emh/84d1c4bf-928.pdf). However, US$2458 is still on par with the most efficient converters in China, and I believe it's unrealistic. I might give them a conversion cost that mimics Australian projects at US$3500 (total US$6373), and a 10% penalty on their annual hydroxide production, changing it from [25,267tpa](https://www.investi.com.au/api/announcements/emh/8d4b608b-40d.pdf) (p.1) to 22,740tpa. +They'll likely struggle to produce battery grade hydroxide too, so I think that figure is still generous. Also, they have by-product credits, but only from the [3rd year](https://www.investi.com.au/api/announcements/emh/8d4b608b-40d.pdf) (p.18), so I'm going to leave this as upside. + +Onto the CAPEX. This is where EMH's partnership with CEZ gives them added security, so the problems aren't as critical as they might be with other juniors. +I've previously mentioned that costs are typically understated in these legacy PFSs, and I think this is no exception. We can probably afford them some allowances, because Cinovec was previously a mine, and should have some infrastructure in place already. However, they've assigned just [US$264mill](https://www.investi.com.au/api/announcements/emh/8d4b608b-40d.pdf) (p.18) for their hydroxide plant, which is half of what might be needed IMO. Compare PLL's 30ktpa hydroxide costs with EMH's 25ktpa: [US$838mill](https://piedmontlithium.com/scoping-update-highlights-the-exceptional-economics-and-industry-leading-sustainability-of-piedmonts-carolina-lithium-project/) v [US$483mill](https://www.investi.com.au/api/announcements/emh/8d4b608b-40d.pdf) (p.18). US$650mill for Cinovec feels more likely. They may be eligible for a CAPEX subsidizing grant, but I wouldn't take this as a given.Apparently they're plotting a 30/70 (equity/debt) finance deal, which would be totally fanciful for other juniors, but becomes realistic with CEZ's support, IMO. +Keep in mind that EMH would still need to endure a US$95mill dilution to meet my CAPEX expectation, sometime in the next 12 months. + +Here's my suggested timeline, based on their latest guidance: + +* 2023 H1: studies due +* 2025: construction begins +* 2026: construction complete +* 2027: commissioning & qualification complete +* 2028: full production + +EMH has upside potential with such a huge resource, which could accommodate 50ktpa production once they prove their process at scale. To calculate their profitability: + +* US$5,567/t C1 ([p.22](https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02477099-6A1072907?access_token=83ff96335c2d45a094df02a206a39ff4)) +* US$50/t freight +* US$2,750/t other costs +* 25,000tpa lithium hydroxide +* 1% royalty?? +* 49% ownership +* 19% tax rate + +((10% of 25,000tpa) x (lithium hydroxide sale price\*99% - $8367)) \* .49 \* .81 = net profit pa + +Once you have net profit, you man probably use a P/E of 15, as it'll be a European based vertically integrated project. + +It's my first time looking closely at this project, so I would've missed some stuff. +As many of you know, we have had historically low interest rates for a long time now. The Federal Reserve has printed money and grown their balance sheet to levels never seen before, and the US is running record deficits at the same time, during a supposed strong economy. This is obviously a cause for concern. + +I recently came across a CNBC video (yes, I know), and the guest, Byron Wien, Blackstone Private Wealth Vice Chairman, had an incredible segment where he explains this issue in just \~2 minutes. Worth a watch - [https://youtu.be/C4QjDJuyfek?t=186](https://youtu.be/C4QjDJuyfek?t=186). Even the interviewers were stunned. + +So what's the plan when the balance sheet expansion and QE4 or whatever you want to call it comes to an end? Buy gold? Buy Puts? Stay invested and average down? + +I'd love to get some discussion going on this. It's a real issue and not something that can be ignored forever. +I wanted to really thank the quality of advice on this sub and r/pf for really helping me get to where I am today. I am 31F working in tech(non-engineer). I am really proud of myself for taking the time to gain invaluable knowledge to grow my net worth to what it is today. I have been able to more than double my net worth in the last 2.5 years, with the help of this sub. + + +https://imgur.com/wlrfIxP + + +In 2019, my total income was over $200k, which I was stunned at, but really shows the power a growth company (non-FAANG) can have on your NW. I have worked for a tech company for 5+ years in a VHCOL city and didn’t always sell my RSUs/ESPP, against conventional wisdom, but it paid off for me last year when the stock took off and was up over 100% YoY at some point. I took advantage of that and sold a lot (but not all) of my stock. + + +My NW was down about 50-60k during the March 2020 selloff but has more than recovered since then. I have more than recovered from that low, up about 92k from the low. I stuck with the advice that I’ve read on here and didn’t panic sell. I kept my investment allocation to what I was comfortable with(70% stocks/ 30% bonds/cash) and it rode it out. I believe that having some cash available in retirement accounts is good for when the market sells off. I know it’s not the advice always given here but I believe it works for me. I try to keep about 10% minimum of cash in my retirement accounts just in case. + + +I max out my 401k(19.5k+4.5k match). I stopped contributing to my IRA/Roth IRA a few years ago once I hit the income caps. I currently have about $170k among my 401k/Roth IRA/IRA accounts. I am hesitant to do the mega back-door Roth because I’d have to pay tax on the amount I have in the traditional IRA(~15k) and I feel like my tax rate is high as it is. I know it’s a one time hit but I am saving money for a condo/house instead. I am not in a rush to buy a condo/house right now but continue to save up for one in the near-term(1-3 years probably) which is why I have a lot of cash on hand($100k+). I know it could be invested but in this environment I am too nervous at the potential of losing some of my savings. I also don’t know if I am ready to be a homeowner as the thought stresses me out. I think there are so many things that could go wrong(like repairs) and I don’t know how to really fix anything. Right now, I like the convenience of renting but I know I am not building equity. + + +I also sometimes wonder whether I am saving too much for retirement but I continue to max out my 401k because I believe it’s the prudent thing to do. I am targeting $2.2-2.4M for retirement with a 4% withdrawal rate. It’s hard for me to estimate my retirement expenses so I think ~$85k/year should be sufficient for now but I don’t know. This is not factoring in any income from a potential partner either. + + +I have no student loans, my car has been paid off for a couple of years now, and I pay my cc bills in full each month. This gives me flexibility, security, and financial freedom. Arguably, my rent is high (~2900/month) but most of the other spending is discretionary and during quarantine my expenses have come down and my biggest expense is probably groceries and things from Target/Costco(~$300/month). I try not to eat out as much as possible and max spend $100/month but normally closer to $50). + + +For those of you who are new here or are unsure about getting on board with the advice you’ve read here, I can attest to it and it’s really made a positive change to my life. I feel stable and secure financially, which I have learned is one of my most important values, which puts me at peace. I am thankful. Thank you. +I know what you're thinking " umm come on man this is Canadian investor what do you think people are going to say but wait..." + +2020 really ripped me apart a family member committed suicide he was really big into investing and did really well for himself but after I read his suicide notes he said he wishes he travel and found someone to love. I grew up poor and my one and only goal in life had been to become something better I have been working multiple jobs for years I moved out at 16 and I now have around $125k. I was going to buy a house last year but then everything fell apart due to covid I ended up moving in with some family and had to go on EI that ends next month had a bad break up so now with nothing holding me here is it crazy to just disappear for a month or two? +During this time I will have no income and will just be spending money so it feels wrong but I haven't really ever enjoy life + +I know traveling isn't ideal right now but I can't see myself every getting another opportunity and I feel so unhappy + +I forgot to say my age Male 25 years old + +Edit I just wanted to say thank you I mean that some of your replys have brought a tear to my eye. I just wanted to clarify I don't mean I would spend all my money on traveling most of it is invest in a TFSA and a RRSP around 30k in cash I had set a side for a down payment. +To spend any money in truth scares me in a way. Growing up poor and without money and without much family to go back to that... I only make around 25-50k a year so I have had to live very frugally so I would also travel that way +I'm the [fucking coward](https://www.reddit.com/r/financialindependence/comments/90q4kh/im_a_fucking_coward/) that made the post about how hard I was finding it to retire. I wasn't expecting the outpouring of advice that I received from that. I had spent most of my working life dreaming of the day when I could call it quits but when the time finally came I was terrified. I had always figured it would be like graduation from high school. You cross the finish line, toss your cap in the air, and celebrate. Instead I started to see it like attending my own funeral. [This blog post](https://livingafi.com/2015/01/20/midlife-fi-sis/) was an amazing comfort and inspiration for me. If you haven't read it yet, do yourself a favor and do so. I discovered that, while I was well prepared financially for it, I was totally unprepared for the emotional side of facing retirement. + +I had some deep thoughts to think since that post and I figured that I owed the community an update. + +I shared a lot of my fears with my wife and we talked at length about whether we were ready for this. Her response was "If we had waited until we were ready to get married, or ready to have kids, we would both still be single and childless. Let's do it." + +The best suggestions were around looking forward to my new life instead of looking backwards to what I was leaving. This made me do some serious reflection on what was important to me. I started a list of things that I wanted to do as soon as I had free time and came to the realization of how much of my life I had put on hold for work. As these new possibilities opened up for me, the fear dissipated and excitement took over. Then, about a month ago, I ran across a relatively new charity that lit a fire in me. It is still in the growing stages and I will be starting the first chapter in this area. I'm leaving a well paying job in order to work for free as a manager, building a team from scratch, *and I have not been this excited in decades*. + +I have set my date and will be a free man in a couple of months, once I wrap up some projects and transition the rest. From the bottom of my heart, I want to thank this community for the words of advice and encouragement. + +And, in the words of the great philosopher NoLaMess: + +>Quit being a pussy old man deaths gonna snatch your ass sooner than you’d like so make it worth it + +I'm going to make it worth it, and make some kids lives better in the process. + +&#x200B; + +&#x200B; + +&#x200B; +Just a bit of a backstory, I left my abusive husband 2 years ago, after 18 years of hell. He was in charge of EVERYTHING. He made all the decisions. I had no money, he controlled all of it. I would have to borrow money from my parents to get my kids new shoes or clothes, because he would tell me that I couldn't have any money to buy those types of things and 'the kids could make do with what they had'; even thought their shoes would have holes and their clothes would be so old and small, that they didn't fit. There was always money for things that he wanted (like a kayak, and a new car every 4 years), but nothing for me and the kids. I couldn't even go to the grocery store without him, and have him approve of what food I bought for us and the kids. He wouldn't allow me to have a job, a credit card, money of my own (he was the one who worked and his pay went into his own personal account that I had no access to). + +I had nothing in my name, because he wouldn't let me sign anything. On the rare occasion when he would give me a little bit of money, I would have to give the receipts of what I bought and if he didn't think that we needed it, he would get angry at me and I would have to return the items (this would be things like kids clothing, shoes, and even food). So this is the type of fucking bastard I was married to. + +Anyway, I left 2 years ago, and haven't looked back. I've been trying to build a life for me and my kids (he is court ordered to have no contact with the kids, and they don't anything to with him). He has made things financially hard for me the last 2 years (he did so much damage to our house that there was a debt left with the house when it finally sold, I have finally paid off). I'm finally getting on my feet, and I feel good about myself again. I started a new job at the beginning of this month and I'm studying full time to become a nurse, and finish in about a years time. + +I really need help with how to budget and how to save up money for a house. I'm starting all over in my 40's with nothing, and I have no idea how to budget or to save. I live off government benefits, as well as working part time now, so I can study. + +I don't know where to begin, what tools are available, and how to make sure that I save each pay. I'm tired of paying rent and living pay check to pay check. It's been so stressful trying to figure out a way to feed my kids, pay the bills, and to keep a roof over our heads. I really need some help. + +I would really like some advice on what I can realistically do to budget, save and to finally get ahead a bit. TIA + +UPDATE: WOW!! Thanks everyone who has given me advice and encouragement. I logged off after posting this, went to study, put kids to bed, studied some more and then went to bed. I didn't expect this much help, and I haven't been able to read all the replies yet, but thank you for all your help. I really appreciate it, and I have gotten some really good tips from the replies that I have read so far. So thank you everyone. :) +As the allegedly largest crypto channel on YouTube, it’s no doubt he has the audience necessary to move markets, at least with small cap coins. Yesterday, he dropped a video titled “Top 5 coins CRUSHING the market NOW (MASSIVE Crypto GAINS)”. Ok, ignoring the incredibly sensationalist and clickbait title, the video showcased his top 5 altcoin picks for short term gains. His top pick was Frontier, a relatively small <$100m market cap coin. He didn’t even give any reasons why this was his top pick, all he did was tease a video he was going to drop the next day. Immediately, Frontier doubled in price. Is this legal? I’m not at liberty to say. I don’t believe there are any regulations requiring he disclose his positions, like there are in US equity markets for example. Is it ethical? I don’t believe so. Even if he’s not required to disclose his positions, I absolutely think from an ethical perspective that he should. If he owns Frontier, he has a financial interest in its movement, and I believe that is a material conflict of interest. +Here is another gem I believe will do really well in the next couple of weeks. I bring you Litentry , I believe it could easily 4x-8x. It's currently a really good entry and here is why you should buy it. First of all it's listed on Binance so no need to pay Ethereum fees. It has the potential to get into the top 30 of coingecko list + +&#x200B; + +***🤔 What is Litentry 🤔*** + +Litentry is a project that is developing a platform to aggregate and manage decentralized identifiers (or DIDs) across numerous different blockchains + +It is a platform that projects and protocols can use to manage and use DIDs as an input into new and exciting features. More importantly, though, Litentry is trying to build a protocol that will allow these DIDs to be used privately and securely. + +Litentry is built on Substrate. For those that don't know what this is, it's a framework for building decentralized blockchains. + +One of the most exciting things about building on Substrate is that it is natively compatible with Polkadot. That means that it could eventually be launched as a Parachain on the Polkadot network. + +It means that it can be used for cross-chain identity management. It does not have to be restricted to merely the Polkadot ecosystem. This means that dApps that are built on Ethereum, Cosmos, Filecoin, etc. + +&#x200B; + +***📄 The ID Problem 📄*** + +How do you attach unique identities to certain users on a decentralized blockchain? How do you know that a particular wallet address with which you are dealing is controlled by a unique individual? How can you tell who is that individual? + +How can we deal with things like lending and credit delegation? Sure, you can borrow funds in Defi right now but all of these "Loans" are heavily over collateralized + +Another one comes to decentralized governance. Currently, most proofs of stake blockchains have a governance model where token holdings determine the weight of someone's vote + +&#x200B; + +***📈 LIT Token 📈*** + +LIT is the native utility token on the Litentry network and performs a number of different functions + +Firstly, it is used to pay for fees. There are a number of different fees that users will have to pay on the network + +LIT tokens are also used for staking purposes. Identity registrars are third parties that can set up indexed identity databases. These databases are then queried for the decentralized identifiers + +In order to make sure that these registrars have "skin" in the game, they have to have monetary incentives and disincentives. This means that if there is any dishonest behavior they will have their stakes slashed or lost + +LIT will also be used in the decentralized governance of the protocol. They will determine the voting power of the individuals on the network + +LIT will also be issued to grant recipients who develop on the Litentry network + +&#x200B; + +***💰 LIT Tokenomics 💰*** + +There is a total supply of 100 million LIT + +These tokens were split according to the following: + +\- 15% to the Litentry team + +\- 8% went to the seed investors + +\- 12% to private sale and further sales + +\- 17% will be reserved for the foundation to be used as grants + +\- 3% to Binance launch pool + +\- and a full 45% to remain as network incentives + +If we include the foundation allocation into the broader network incentives bucket (including launch pool), it's a full 65% that will eventually be released to the community + +Then, we also have to consider investment demand. LIT has already crossed a major hurdle by being listed on the tier 1 exchange. There was a lot of demand for HODL LIT and I think that this is likely to gain momentum. + +You have to consider that it is a project that will be launched as a Parachain on polkadot. There is a lot of demand for these + +You should also note that the project is based in Asia and there is insane demand for Defi in that region. They have also built a strong community around Litentry in China, Vietnam, and India + +&#x200B; + +**Coingecko** = [https://www.coingecko.com/en/coins/litentry](https://www.coingecko.com/en/coins/litentry) + +**Telegram** = [https://t.me/litentry](https://t.me/litentry) +We aim to show the world that a strong community can take an alt coin from obscurity to becoming a global force to be reckoned with. The longer you hold Supermoon the more supermoon you gain for free. + +How Many Tokens Are in Circulation? + +Supermoon launched In May 2021 with 1 Quadrillion tokens in circulation. 50% of the total supply was burned on launch leaving only 500 Trillion tokens in circulation. + +What Are the Tokenomics? + +There is a 10% tax on every transaction which is split in a weighted distribution between all holders. + +5% to Holders + +Every time a transaction takes place, 5% of that transaction gets distributed between all holders. Holders earn passive rewards by holding Supermoon in proportion to the amount of tokens they hold. + +2% to Liquidity + +Healthy levels of liquidity will help reduce the price impact every time someone buys or sells. The feature will take 2% of every single transaction and add it to the liquidity pool, ensuring there is always enough liquidity for trading. + +3% to Burn + +Burning tokens will reduce the circulating supply over time, which may result in the value of the token increasing. About 3% of each transaction will go to a burn wallet, continuously reducing the circulating supply over time. + +These smart tokenomics can create a continuously rising price floor, and benefits early holders by growing their balance through static reflection. + +What's in the Roadmap? + +● NFT Marketplace +● Astronaut Scholarship Program +● iOS and Android Games +● Liquidity Farming +● Payments App +● Merch + +Telegram: https://t.me/Supermoon_Finance + +Contract: 0xfAEFe2e0D056243060A6f640d5735CAE307001C4 +[DRS / ComputerShare Megathread](https://www.reddit.com/r/Superstonk/comments/v2ff5r/drscomputershare_megathread_062022/) + +Hey Superstonk, + +As many of you are aware there is a website built by a group of Superstonk members designed to spread the word about what DRS is, why it matters and how to do it. The majority of this community seems to support the site as an educational resource but with the recent addition of a fundraising campaign there is conflict and division on what we as mods should be doing. + +There are always of course extreme polarizing views on topics like this but I hope that we can use this post to rationally discuss how the community would like us to handle the situation. + +On one hand we have a sub overflowing with purple circles, “DRS is the way”, “lock the float” etc. It would seem apparent that anything that promotes these concepts would be a no brainer and we should support any effort to spread the good word. + +On the other hand we have a “no self monetization rule” for good reason that we have needed to evolve over time to prevent people from trying to make money off our sub. This sub is a FREE exchange of information and anyone monetizing content opens the door to perversion of that content. + +Mod’s picking and choosing what cause is “worthy” is awkward at best. Every once in a while something is so obviously heavily supported by the community like the recent fundraiser for the family of a prolific ape that passed away it’s appropriate to not apply the rules for that specific situation. + +In this case however it’s just not that clear. We receive a massive amount of reports, modmails, DMs and are well aware of the comments on posts about this. But at the same time, DRSGME posts perform very well on the sub. + +We have tried as a team to help come up with middle ground solutions but honestly its really just not our place to dictate how someone elses project should be run. It’s either going to work or it won’t. The community either supports it or it doesn’t. So let’s hear it. What do you have to say? + +Please refrain from extremism in the comments. Let's keep this a civil and open discourse. If it needs to come to a poll vote at some point so be it but as we have learned through past experience it's much better to begin the conversation with dialogue rather than polarized and limited choices without first discussing the implications of those choices. +Ok, this might not be anything, but I found it noteworthy. + +Just two days ago we saw a live influx of shills into the sub - now, shortly after, posts start to trend left and right about how to buy calls and leaps to hurt hedgies the most. + +&#x200B; + +What I'm saying is, if there were any merit to this idea, we would have at least discussed it once so far - but nothing the like happened. + +&#x200B; + +Many of these posts also come from 1 year old accounts who besides 3-4 posts in the last week, do not have ANY post history. + +&#x200B; + +Why change a winning system? DRS is clearly working, keep at it. Fuck options. +I've been investing seriously for about 5 years now. I've only ever gone LONG and typically am buy and hold either MFs, ETFs, and occasionally the single stock (bought ALK in March 2020 when it tanked, made great returns on that during the recovery). + +I'm interested in leveraged ETFs (SPXL, etc). I'm at a point now where I have some money I could risk losing and not go broke if I lost it (plus I'm in my 20s still). What's your experiences with leveraged ETFs? Especially if I plan to go balls out and go un-hedged. +Then wouldn’t it make sense that they didn’t roll out by the 9th like they have in the past? And with this Monday being the third week of September the same week that Lehman brothers collapsed due to the credit default swaps everything would line up perfectly for a moass event this coming week. Plus next week is quad witching and ridiculous open interest on spy puts. +Musk cannot keep hit mouth shut for five seconds let alone five days. + +He recently also passed the 100 million follower count on twitter and not even a tweet or snarky comment about that. + +Either something disastrous is going on at Tesla or SpaceX or his lawyers have advised him to STFU. Whatever the reason, I don't see a reason he would go this long without tweeting unless something bad is happening. + + +Might be time to load up on some Tesla and other EV shorts retards. + +[Twitter for Proof](https://twitter.com/elonmusk) +All they have left is the argument of deflection & misdirection. + +So in their convienient ways, consider that Citadel's Ken Griffin recently purchased an estate in Miami / Miami area - to the tune of 130 million dollars! I genuinely could care less, I love my way of life. Yet, in this mixture of daily life - while MANY are struggling just to put food on the table, amidst the highest growth rate of inflation witnessed in over 40 plus years- a face comes on air and tells you that YOU are the reason the shit is falling apart. + +Oh contrare, it is the two-faced individuals like Kenneth Griffin that causes many of "us" to suffer. He is not alone!!!! The Paul Tudor Jones, Finks, Steve Cohens, Marc Cahodes, puck n choose - they are incredibly genuine, make no mistake, they benefit from our demise! I don't fault their wealth, I fault them for the means the use to ascertain their wealth! Just what is it each of them produce???? Hot air ! + + +Now let's look at the due diligence presented by the superstonk's contributors. A conscientious onlooker could easily understand that the labyrinth of members and "rules" are designed to do one thing, and one thing only: deflect & misdirect! + +Believe whatever it is you believe, the truth is that you and I, unless properly initiated, are not to know the truth! When you buy & DRS GME you are challenging the system of deceit, yet I would argue, you are truly investing in a company preparing to tackle the greatest and most challenging need of modern times, INVESTING! + +They call it gambling, or a casino. It is anything but... it's a hydra composed of lies. Are all the actors bad people? NO but unless that regime comes out fully and tells EVERY truth, they are just as guilty as those who take our money. It takes courage, yes, but there again, for them to claim plausible deniability, I ask this simple question: then why are you in the world stocks? for the same reason the Ken Griffin's are, to amass wealth! To have that sweet ass home, to enjoy the boats, and ride in luxury. + +Some if not many, just want a decent meal. + +And I want fair - nothing less is acceptable. +Basically the title. I for one welcome crypto correcting. I hope it goes waaay down. Am I currently losing money? Of course. Do I think Bitcoin will go above 60k again? I think you'd have to be an idiot not to think so. So sit back, hodl, load up as it goes down, and be happy knowing you're just going to make more money in the long run because of any dips. +I keep seeing post about wealthy elites supporting this movement, encouraging everyone to buy and hold. People are forgetting that you don’t become a billionaire and maintain that statues without fucking over the common man on a regular basis. Stop thinking they are your friend, don’t invest because they are on our side or because they said so. They are part of the group that has been fucking over everyone since time and now they know how they can make even more money. + +They encourage us to invest and hold because they will just profit even more as the value keeps rising, they aren’t doing this because they see injustice being done, they are doing this because it’s in *their* best interest. + +Just my 2 cents, wtf do I know... anyways + +AMC BABY🚀🚀🚀🚀🚀🚀🚀🚀🚀 +Location: Ohio + +I have a friend who is down to his last few dollars, can't make rent, can't buy food, can't buy gas, his wages are garnished for taxes. +He is employed but reduced hours due to Covid-19. + +He says he ineligible for everything but I don't understand how that can be the case? + +I don't know the first thing about where to start looking for resources. + +Can you please list any resources you can think of so I can see if he's already checked into them? + +Edit: thank you all for the great info. I'm going through the comments now. +Without getting too deep into details, I received a raise earlier this year (summer) and was told on top of that raise, my boss would be giving me a bonus this year (no clear amount, est. $3-5k based on prev. bonuses) and would “work to get me a bonus each year going forward”. + +Fast forward to present, and I just learned my boss is offering me *another* raise this week, making it clear he wants to “make sure I am happy” in addition to the big year we have had thus far. However, I have not yet received any of the previously discussed bonus, nor was it brought up in this initial raise discussion. This is where I am a bit uneasy. + +We are planning to meet formally tomorrow to discuss the raise, etc, so I don’t know what all is encompassed yet. But assuming I am offered another raise (in lieu of a bonus), what can/should I mention in regards to the previously promised bonus? + +Yes, a raise is great, but a bonus would come in tremendously helpful given my current financial climate and the fact I am currently working on a start up of my own. Don’t want to cross any lines. Any inout is appreciated!🙏🏼 +I am an experienced and seasoned trader, who has proudly turned a small $5,000 investment in January of 2019 into a fortune worth over $5,102. Most of my profits came from following the excellent DD on this sub, realizing I had lost nearly all of my money, and then getting really lucky playing biotech stocks right around COVID. At the height of my investing career I had turned that $5,000 into around $10,000 plus or minus $5,000. + +Yesterday a realization dawned on me. I looked back at my comment history on a since deleted account and found that I had credulously bought into hundreds of plays based on TA and hype from ostensibly honest posters - people who positioned themselves as men of the people who wanted us all to succeed. I had to ask myself *if all of these people wanted me to succeed, why did I keep _losing money_ every time I followed their advice?* + +The realization was this: I, boy genius, had been had by a pack of charlatans. These posters were not in fact benign and kind hearted genius day traders with brilliant plays based on scientific and technical analysis. Their DD may have been long and full of many colorful charts with arrows and candles and awesome phrases; but their hearts were empty and their premises were naught but lies! + +Rather than trying to make *me* rich, they were fattening me - and people like me - up for the proverbial slaughter. Like so many suckered before me, I had nodded my head, opened my wallet, and bought whatever they told me: PLTR, AMC, NIO, GLD, SLV, AAL, the list goes on. + +Sure *maybe* my account would become turgid for a few glittering moments but it never climaxed into a blizzard of cocaine and Benjamins as the posters promised. Usually I was left watching my options bleed on the daily as the initial frenzy of interest by retail mongoloids diminished and the dumb money flooded into the next frenzied promise.. time and time again.. time and time again. + +So now that I have wizened myself to this treacherous game, I want to know. How do you identify the GOOD tips from the BAD tips. How do we know when a poster on here has the goods? + +Edit: does the wholesome award mean you think I'm dumb? + +Edit 2: I guess, obligatory this has blown up. I am forever thankful to live in an age where a post that took five minutes to write can touch so many lives. To everyone who appreciated my writing style, thank you! I have been honing my writing with a strict regime of alcohol infusions directly into my brain cells, having explosive writing sessions on the toilet between 3 and 7 am, and of course many, many shit posts here and on yahoo answers. + +Most of you have heard my earnest and sincere call to stop the shills and been supportive and kind. For a subreddit where we proudly call ourselves disabled, coke addicted, lower order primates; this is truly high praise. I would be remiss if I failed to mention that I really believe WSB is one of the last bastions of what I consider the spirit of the internet. A place where pale nerds can role-play being whatever they want.. maybe you're a successful trader or a busty Japanese sailor.. it doesn't really matter and we will support you either way. + +To the many people I earnestly offended with this post and to those who had their ability to recognize _any_ satire surgically removed so you could memorize more shitty tickers to shill; bite it. Nibble it a little but then just chomp down on it. At this point it is mostly calloused raw hide anyway. If your jaw gets tired from chewing on this dick call your mother and ask her why her own jaw is wired shut. I'll give you a hint, it's not because she fell off a chair when she realized her son was a rage addicted internet badass. I'm not sure exactly what happened but I really hope she gets better soon. If I can do anything let me know. + +My only hope is that we can keep this fantastic community together - not as apes but as unaffiliated degenerates who lose more than they can afford and occasionally win more than they deserve. + +Now as for me, I'm going to be spending the rest of the afternoon finally learning how to trade options, which thanks to dozens of posts I now realize I totally suck ass at trading. + +God bless you and may you all get exactly what you deserve. + +- PayMe2Shill4U +Am I f^kn dumb with crap internet or can anyone else not go on the subreddit? + +Says that I can’t allow access to the page cos itsss been deleted or something.... + +Have I been banned from Dave and Busters? :( + +Thanks in advance + +Edit - back up ! I look like a dummy posting this now, lol.. I’ll still keep it up for fun ! + +Edit 2 - have a nice night everyone! :) +I just finished reading "Beating the Street", and I was inspired to visit the local mall (The Eaton's Centre) to do some research. Here are my notes. If you have your own observations or opinions about these public companies, please share! + +All of these observations are from between 1:30 PM and 3:30 PM on a Saturday, specifically 2018-09-01. + +I have not done any analysis here, just looking how busy places are / whatever else catches my eye. + +Not all of these are publicly traded on the TSX; I focused my search on anything publicly traded in general. Some are subsidiaries of publicly traded companies. + +&#x200B; + +Shoppers Drug Mart + +* \~25 customers +* Regular flow in/out +* Some people just there for the post office, which is at the very back +* Makeup section not busy in general, but what looks like the cheaper section is fairly busy +* \~4 employees for makeup, \~5 employees for the ordinary store + +Aerie + +* Busy. + +MAC + +* Dead. Maybe one customer +* 4 employees +* Their large location is currently closed and under renovations, the active one is tiny. + +Abercrombie Kids + +* Pretty dead. + +GNC + +* 4 Employees, typically \~1 customer +* Good sales rapport with customers. At least one sales guy seems to "lift", and I think he's a draw for advice/etc. + +Nike + +* Pretty busy + +Microsoft + +* Busy, but they have a lot of employees +* \~ 11 employees to 8 customers + +The Source + +* First location + * 8 employees, 3 customers. Would hate to walk into here with so many idle sales people, don't like to be bothered +* Second location + * \~6 employees, 6 customers, some grouped + +T Booth + +* \~4 customers, 3 employees + +H & M + +* Kids + * moderately busy +* Ordinary + * busy + +American Eagle + +* Busy! +* Mostly teens; they are concentrated in the section that has the sales +* Some 30-40s people too +* Good flow in/out + +Footaction + +* Kicks Lounge + * 2 employees, 4 customers +* Adidas Collective + * 4 customers, 2 employees +* Main store section + * 12 customers / 6 employees +* Fairly active; between 1:40 and 3:30 it stayed busy +* One customers appears to have bought in bulk; at least a dozen pairs! Doesn't look like the target demographic. Shoe price speculator? + +Starbucks + +* 22 customers, 8 employees +* Busy. However, the employees are handling the work load and don't look stressed +* Later in the day it was busy as fuck, but the employees were still handling it just fine + +Rocky Mountain Chocolate Factory + +* 3 customers, 4 employees. not busy. +* Later in the day, no customers + +Freshii + +* 3 customers / 2 employees +* Customer flow seems steady, stays around 3 customers (1:45 PM) +* Employees look overwhelmed +* 3:30 PM - 1 customer, 3 employees + +La Senza + +* Attracting people at the front with a "wheel of fortune". I saw someone win, and it bought in onlookers +* The employee working the wheel is hustling, and she was still hustling hard an hour and a half later +* Busy store + +Wireless Wave + +* Active, ish + +Lids + +* 7 customers, 5 employees +* Fairly busy. People look like they are having a good time. +* Hard to tell the difference between a customer and an employee, pretty laid back. + +Yogen Fruz + +* 8 customers, 5 employees +* Pretty busy +* Good flow +* Employees seem to be handling it + +Foot Locker + +* 35 customers, 7 employees +* BUSY. +* Good flow + +Sketchers + +* Moderately busy + +Reitmans + +* Older crowd +* Slow + +Steve Madden + +* Customers checking their phones, looks like they are comparing prices +* Moderately busy. Stayed moderately busy an hour later. +* Second location, pretty dead + +People's Jewlers + +* Dead. An hour later, still dead. + +Gap + +* Busy + +Hollister + +* Busy + +Sunglass Hut + +* Not many customers per employee. Second location was busier, its on the street level near the entrance + +Zumiez + +* Nice looking store +* Mostly youths +* Not busy, but not empty + +Journeys + +* Young crowd +* \~15 customers, not too busy. Slow cash. + +Maje + +* Dead + +EBX + +* Pretty busy +* Collectables a significant part of store, at the back. Couple customers back there. + +RW and CO + +* Slow + +Old Navy + +* Huge lineup (20 people). 5 people at the cache +* Moderately busy + +Second Cup +