diff --git "a/reddit_finance_43_250k_200.txt" "b/reddit_finance_43_250k_200.txt" new file mode 100644--- /dev/null +++ "b/reddit_finance_43_250k_200.txt" @@ -0,0 +1,10000 @@ + +\- 1% Maximum transaction size - This unique anti-whale feature prevents any transaction from being larger than 1% of total coins available. This prevents individuals from doing large dumps and causing increase in volatility. + +OUR JOURNEY THUSFAR: + +\- Initial launch at $3000 USD market cap (no pre-sale) + +\- Over 1000 investors within 24 hours + +\- Within three days reached $15 million market cap + +\- Currently over 6000 investors + +\- TikTok partnerships with u/LondonLaz and u/JabagelMan + +Website: https://www.smegmars.space/ + +BRAND NEW WEBSITE AND WHITEPAPER V2 COMING VERY SOON. + +Contract: 0x62c2a6f57a65e1e4b1d9e31b3e3511c8c36841a8 +What had the most impact in your life and your fat ambitions? I’m young and watch this page often for motivation and i’m really just trying to see what really got y’all to the position you’re in now. If you could share pieces of advice or just something you wish you’d have known back then. +Maybe something that put you from fire to fatfire? +Thank you for your time. + +Edit: Thank you everyone for the responses. This is why I love this community. +Spotted this on one of the other subs and I’ve been working my way through it, it’s a great for beginners learning the basics so I thought I would share on here as there seem to be quite a few people in my position. +[https://github.com/SimplyWallSt/Company-Analysis-Model/blob/master/MODEL.markdown](https://github.com/SimplyWallSt/Company-Analysis-Model/blob/master/MODEL.markdown) +For those you aren't aware, the Crypto Fear and Greed index uses 5-6 measurements to assess the current sentiment of the market and then rates that level of emotion on a scale of 1 to 100. 1 is extreme fear and 100 is extreme greed. + +Those measurements are objective of course - they look at volatility, social media, momentum, dominance, google trends and (now paused) surveys. + +Here is the link to the site, you can look at the chart, click "max" and you will see a movement of the index since the start of 2018. + +[https://alternative.me/crypto/fear-and-greed-index/](https://alternative.me/crypto/fear-and-greed-index/) + +In theory, the idea should be that in cases of extreme fear, the market is terrified and panic selling, and it is a good buying opportunity. When the market is in a state of extreme greed, people are getting extreme fomo and buying regardless of the elevated prices. Hopefully you get the picture. + +There is a lot of movement in the chart but it is the extreme fear and greed regions that interest me - specifically around the region of 80 plus or 20 below. + +Today the fear and greed index is at 12 - not a record low but very close and certain the lowest for a very long time. And yet the price is at $37,500 - still historically extremely high. + +Looking at the index to date, there are only five other times in the past where the index has plunged below 20. I thought it would be helpful to look at that regions, what was happening and the price at that point, and to think of those as historical buying points: + +**6 February 2018 - Index Score: 8. BTC Price $6,852.** + +This is probably the point at which there was a realization we truly were in a bear market, with bitcoin already down around 65% since its top. While buying at this point (the start of a 1 year bear market) is not exactly enticing, that price was more or less the average price for most of the year. Certainly not a bad entry point if you had resisted the temptation to buy in the entire bull market of 2017. + +**1 April 2018 - Index Score 16. BTC Price $6,975** + +Around March of 2018 was a bit of a "dead cat bounce" with the price recovering to nearly $12,000. Many people breathed a sigh of relief, portfolios turned green and it seemed like the bear market was over. Nope. Bitcoin immediately crashed right back down again to prices similar to February. Hence a moment of extreme fear. + +Again, this wasn't a particularly bad buying point historically, having just avoiding fomo of the surge in bitcoin up to that much higher price level. + +**25 November 2018 - Index Score 9. BTC Price $3,895** + +Now we're talking. This was the time of the infamous "hash wars" when BCH forked and the markets plunged into absolute chaos. Bitcoin crashed through its $6,000 support level and halved in price. + +This was an absolute buying opportunity - perhaps the opportunity of a lifetime, with an average price around this level for six months. Happy to say I bought right through but not enough. Each buy at the time seemed painful, and it was embarassing at times for people to even know you were in crypto. + +Also recall that at $3,100 very few people were calling this the bottom (shout out to Smart Contractor from twitter here who picked it). Many had buy ladders down to $1.3k, and it seemed a fall to at least the mid $2,000s was obvious. A little bit like those all calling for $25k right now. + +**22 August 2019 - Index Score 5. BTC $10,124** + +This one might feel like a bit of an anomaly, but in some ways it feels quite similar to today. Bitcoin had just ripped from $4k to around $14k and the bull run was on. After a short period, bitcoin fell sharply and the price started to collapse downwards. I think "5" is a bit extreme for fear but this was the realization that the bull market might be over. For the next six months, the bitcoin price let out steam down to $6.5k (aside from one day when President Xi managed to pump us back to $10,300 - oh for the days when China would actually pump our prices). + +So not a great buying spot, but better than FOMOing at $14k and historically still not bad. + +**13 March 2020 - Index Score 10. BTC $5,142** + +I don't think this one needs much explanation. The corona effect was sharp and deadly, with the bitcoin price absolutely collapsing quickly. Again, I don't think we have any debate that this was one hell of a buying opportunity. Even more if you had cash to deploy in the weekend. One person I know bought ETH at $85 or so at that point. And there are some people suggesting the charts today are quite similar to this. Hmmmm. + +**Today. Index Score 12. BTC $37,753** + +What can we say? I think the terror here is real. But at the same time a billion dollars of stable coins just flooded into binance and bifinex, and funding rates have switched negative. If we look to the panic in November 2018, this was the start of a six month period of hell - worst case scenario we might get something like that, but also recall that in November the worst was already nearly over. + +To be continued! + +(Reposted just before due to a typo in the headline - oops!) + +EDIT: For those wondering what I am doing right now, not much. My yield farms are running at full capacity - I'm still harvesting them and sending all the crypto to binance to buy BTC. I'm keep doing that until we see a decent retrace or bitcoin dominance pump, and that I'll use the BTC to expand my farms. +**Edit2: thank you /u/YoLO-Mage-007 there’s a reason shorts closed their TSLA position and let it run up while for GME they deleted the buy button and Citadel bailed out Melvin to prevent them from being forced to close…** thanks guys, I promise I’m reading most of the comments yall are leaving. I think I’m gonna take a break from responding as I’m saying the same stuff over and over. BUY HOLD DRS + +A lot of people on this sub don't seem to understand this. There is currently a post by /u/vasDcrakGaming on the front page with like 6k upvotes talking about how the NFT thing is about gaming and not stock. That's fine and maybe true but it doesn't change the fact that the two aren't and should not be exclusive. GME needs to find a way to force illegal shorts to close, whether through NFT or through another dividend or through a legal suit or anything else + +Either there is significant Short Interest and a ton of synthetic/fake shares thus MOASS is a possibility...or there aren't and GME may squeeze but MOASS isn't a possibility. + +If you believe in the former like I do then you should understand by now that the TSLA situation is irrelevant. For Tesla, shorts thought it would go down but as they succeeded, shorts closed their positions and thus it squeezed. Our theories suggest that HFs fucked up much worse on GME as they tried to force it into bankruptcy that there are far more shares than the float suggests out there. Therefore, there is no incentive to close your positions because the stock is going up, it literally is impossible to do so. They need to be forced to close either by GME releasing a dividend or recall or something of some kind or regulatory bodies saying that this isn't cool. + +If the latter is true, then MOASS is not possible. If that was the case then as GME gets more valuable through legit business, shorts will close whatever short positions they have and thus the stock will increase in value but not to the degree of a MOASS. + +Also, if there is significant illegal dilution via naked shorting of GME, it is the fiduciary responsibility of the GME leadership/board and thus RC to fix that. If they don't and do what the OP of the idiotic opinion post said, then it is literally grounds for them to get sued as they are taking advantage of stockholders by not making more effort for the share price to reflect real value. + +**edit: i want to apologize for coming off as rude to the OP of the other post. I'm just tired of people pushing theories like this. It's literally unacceptable for GME to have its shareholders hold if there is significant naked short interest. If you think that GME should just develop their business and the stock's price will reflect its value eventually, then you literally do not believe in MOASS. As long as synthetic shares exist, they will never let the price reflect the value and thus never let it squeeze. Pick one side, stop playing both. You either believe in MOASS or you don't. EVERYONE here believes in this stock long term, that's not what we're discussing.** + + **SHORTING IS NOT ILLEGAL NOR NECESSARILY BAD. NAKED SHORTING IS.** +[https://imgur.com/a/DXqjGVf](https://imgur.com/a/DXqjGVf) + +I thought this community might find this interesting. Tracks the life of my wife and I over the last 7 years and how our cost of living and salaries have changed over time. There's some decent insights! +Hi, I'm new to investing, so just looking for some advice - I want to mainly stick to ETFs that will serve the long term because I don't know enough yet to venture outside of this. + +I'm based in the UK and using the Freetrade App. My thoughts are to initially invest in the following: + +- VUSA - £1000 + +- EMIM - £700 + +- INRG - £500 + +- RBTX - £300 + +There are a lot of ETFs that I like the look of but they are only available with a Plus account, which I don't want to spend £10 a month on. I'm thinking to invest in the following once I can create a Trading 212 account (assuming they are available on that platform): + +- CHRG (batteries) + +- AIAG (artificial intelligence) + +- ESGB (esports) + +- ISPY (cybersecurity) + +Any advice on ETFs would be appreciated! + +I was then thinking to possibly initially invest ~£500 into 1-3 individual stocks (which don't overlap with the above). I'd be willing to take some risk here as it would also be partly for some excitement. + +Honestly the whole process of investigating companies to determine whether to invest seems complicated, so I'm wondering if there are any particularly resources/YouTube channels/etc. to use to learn how to do this? + +Thanks for any advice :} +Title says it all: +registered shares ≠ infinity pool shares + +There’s a lot of ongoing dogma being circulated like, “You can’t sell your DRS’d shares” or “Only DRS the shares you want to add to the infinity pool”, and since there are lots of new apes joining every day I want to make things perfectly clear + +**1) DRS 100% your shares, it is the only form on control we have in this uphill battle** + +**2) You *are* allowed to sell the shares you DRS, they are not locked away for good** + +**3) The choice to contribute to the infinity pool is *optional*** + +**4) If anyone tells you that you cannot sell registered shares, it’s FUD** + +**5) DRS even more shares** + +Now there are plenty of OG apes that will get their dicks in a knot at the thought of any less than 690% of the float being added to the infinity pool, but this isn’t about them. This post is for the new apes and for the apes on the fence about whether or not to DRS + +The gist of the matter is - +If you can DRS your shares, you *should* +There is absolutely *no downside* and every share is important + +At the end of the day, they are still your shares, and you chose what happens to them. But there’s only one way apes can make this rocket take off, and you all are a key part in that process + +**D**o it +**R**egister +**S**hares + +^(Disclaimer: This is not financial advice. Anything you see here should not be performed without the aid of an adult. Also, Ken can eat shit and chug my balls.) +I'm looking for guidance on what sort of studies/indicators to use to anticipate a drop like we had in the market on Thurs (and looks to be continuing this morning). I know we were overbought on SPY/QQQ daily Bollinger bands and RSI. VIX was increasing also. I was caught flat-footed at the speed of the drop. What other indicators should I be looking at to anticipate a potential drop? or should be looking at other market indicators like put/call ratios? gamma exposure? option skews? +I'm sorry if my grammar or anything is wrong (Disabled Ape) + +Ok, hopefully I can get some links to back up any answers if possible please. + +I've done my best do updoot all SS posts, but just need a few things clarified please. + +Yes I know there is alot of posts explaining all of this but I can't read, covid fucked my memory and I'm like a 12 yesr old with A.D.D... + +1. Cost and time from TD to ComputerShare? + +2. How fast can I sell my shares from CS? + +3. Can I sell them through TD from CS? + +4. Are my shares insurance at CS? + +5. Are they ever going to make an app? + +6. How does CS sell my shares for me? + +7. Will Daddy Cohen ever love me back? + +Also I will be a multimillionaire GME shareholder or I will be a GME / Food stamp holder till the day I die. And in my will, my family can only HODL till they are multimillionaires. All of nothing. No cell No Sale. Can't Stop Wont Stop Motherfucking GameStop. 😈🚀💦 + +I love every single ape here. Thank you. +I love the company, so I don't just buy shares/options. I actually shop there to support the company. I want them to be successful, making money. I want to see their earnings up per share. +Someone in here said gamesrop can close its door and the stock will still moon. I really don't know about that. Are we here just for the moass? Or for a long term investment? +Moass can happen anytime now or distant future (tomorrow? 1year? 5 years? 10?) +For me, I will continue to support the company in my own way and wait for the moass. As long as the company is making money, the share price will go up. + +Edit: +Happy to see so many supporters :) +Yeah, I could probably google it but odds are I won't fully understand the underlying reason. + +IWDA seems to be suggested here quite a lot. I'd rather hear it from the horses mouth that guestimate based on my own google-fu. +Imagine that you're working all day to pay your rent and at the end of the time you barely have any left money, sometimes even debt, what can you do in that situation as someone that isn't financially educated? +Over the last 9 months or so, I have joined countless financial forums and tried to learn as much as possible. I kept putting off throwing a plan together and getting feedback for a couple of months now, because I feel like I still have a lot more to learn and figure out before I have a fully baked out plan I can execute on. However, I feel like it is necessary for me to get feedback at this point, so I can continue my research and further develop out what I want to do. Thank you in advance for time and guidance! + +&#x200B; + +**Goal -** Reach about $60,000 in passive income in 10 years. + +**Approach to the Market -** I currently have a small trading account (about $9k) I used to get some hands on experience in the market over the last 9 months. The account was through RH, but now that I am looking to get more serious I have transferred the account to Fidelity. If there is a market correction/significant dip this year (no one has a crystal ball), I plan to take a good portion of my cash (about $60k) and invest into the market at a 60/30/10% split between dividends, long term growth, and day trading. + +* **Dividends** \- The list of dividend stocks on the attached sheet are a list of stocks I've come across during my research. I have a feeling I will need to scale back on the amount of unique stocks on this list and take a more focused approach. I did a hypothetical spread of how much of each stock I would own, and matched it fairly close to the Recommended Sector Spread through Fidelity. \*\*\*NOTE - I do not have and Real Estate plays on this list, because I am investing in Real Estate on the side on my own.\*\*\* + * Essentially I would like to settle on a well rounded, long term list to dump a good amount of cash into at the beginning, reinvest the dividends, and add an additional $500-1,000/month to purchase more shares. +* **Long Term Holds** \- I feel like I should have some positions that I bet on as a potential long term boom (like Tesla, Amazon, or etc.) since I am still only 30. I currently hold BB and PLTR as long term plays, and have found some other potential symbols during my research. I need to understand how I would evaluate my positions here and probably need to do a better job diversifying. *\*\*NOTE - I bought BB when it was around $5, before it rocketed with all the GME stuff. In retrospect I should've sold when it was in the $20's, but hey I got greedy and wanted $30 and would of gotten it if RH didn't block the trades lol. That being said, I still believe in the future value of BB.\*\** +* **Day Trading** \- I think I should invest the last percent into day trading just so I can stay involved in the market and maybe have some wins here and there. Also, the theory is that if I can make some good returns here I can put it back into my dividend plays. + +&#x200B; + +[First Crack at the Plan](https://1drv.ms/x/s!AlDQkN0owJMWjyBq1qVbE-gbWzqv?e=QAWVBX) +i don't know anything at all about investing. friends have suggested some stock things and apps like acorns, but it's still a lot for me to understand and chance. id love little to no risk, high return on my money if possible, or some decently high interest rate savings. i saw places that are .5% but that won't be much. i also don't want to play the long have (10+years). something in 2-5 year range cash out would be ideal. i currently rent a house with car payments still but ideally i want to buy a house in a few years and more down payment is better in the end. what I'm looking for might not even exist, but I'm hoping it does. thanks for any help and suggestions. +Suppose you have a job that pays $140-160k per year and you can buy a $360,000 condo with a mortgage and live there rather than paying rent. Would it be a better investment to buy that condo and live in it or to pay rent at an apartment and invest the extra money that you'd have used for the mortgage in s&p500? In this case you're taking a 5 year mortgage vs rent. +So my mother is nearing the end of her battle with pancreatic cancer. I have taken over managing her finances for the past year or so as it’s all been too much for her. We have a trust that owns 2 (fully paid off) properties: one where my sister lives (essentially rent-free, only pays maintenance fees) and one that is rented to a tenant. Then there is my mom’s personal residence, which has a mortgage on it. Up until recently, the Trust had 3 properties, but one of them was several states away and my mom decided she’d rather sell it than keep renting it out. So the proceeds of that sale are sitting in the Trust account now. I figured I would wait until we do taxes to figure out where to put it (not sure what we’ll have to pay on the profit etc). I’m not sure which direction to go: +1 - Use the proceeds of the recent sale to fully pay off my moms mortgage. Transfer ownership into the Trust and rent it out. +2 - Leave the mortgage as is. I’m assuming when she passes I will be able to take ownership of the property/mortgage and rent it out to cover mortgage/expenses. Use the proceeds from the recent sale to either buy another investment property or invest. +3 - Arrange to take over ownership now. This way my mom will not have any money or property to her name when she passes and any medical/credit debt will be waived? + +(Currently I have a chunk of her money in an account under my name and I pay her medical expenses from that (she pays with credit cards and I pay the cards in full every month). But I was recently told I should start just paying the minimums on the cards as I will not be responsible for them upon her death. + +It’s all confusing to me and I am so hesitant to pay for a financial advisor yet. Any insight would be appreciated :) +Hey guys, I just got in crypto a month back and didn’t recognize the growth of ETH. Can you tell me honestly if I should get in now? Also, where do you see the coin by 2018 end? Any comment is appreciated. Thank you. +[MO] It has already went through the title search so what does this mean to me? + +**CLARIFICATION** + +No one is asking me to send them 20k, he just called out of the blue and told me there is a lien for 20k on the house. +I've tried to google the laws about this in my state of Utah, but couldn't find anything specific to private homes. + +These people off as intimidating. I know there are really easy ways to get fake service animal labels on the internet and I think some of these folks bully landlords who aren't familiar with their state laws. + +What exactly is the law when it comes to a private home where the landlord lives there too? What are my rights in my own home? + +**UPDATE WITH LINKS** (from replies below, thank you everyone!) : + +* [https://fairhousing.foxrothschild.com/2010/06/articles/fha-basics/the-mrs-murphy-exemption-to-the-fair-housing-act/](https://fairhousing.foxrothschild.com/2010/06/articles/fha-basics/the-mrs-murphy-exemption-to-the-fair-housing-act/) +* [https://www.humanesociety.org/resources/fair-housing-act-and-assistance-animals](https://www.humanesociety.org/resources/fair-housing-act-and-assistance-animals) +* [http://www.mondaq.com/unitedstates/x/235406/real+estate/The+FHAs+Mrs+Murphy+Exemption+A+50+State+Guide](http://www.mondaq.com/unitedstates/x/235406/real+estate/The+FHAs+Mrs+Murphy+Exemption+A+50+State+Guide) + +Please share with fellow landlords. I hate seeing people bullied, intimidated, or pushed around... whether it's by tenants or landlords. +Headline: In 1970 average house prices were 3.8 x average annual salaries. In 2018 that figure is 8.4. + +Thought you might like to see the chart I created showing the change of average salaries in the UK and average house prices. + +[https://www.reddit.com/r/dataisbeautiful/comments/e1guqk/oc\_ok\_boomer\_salary\_vs\_house\_prices\_in\_uk/?utm\_source=share&utm\_medium=web2x](https://www.reddit.com/r/dataisbeautiful/comments/e1guqk/oc_ok_boomer_salary_vs_house_prices_in_uk/?utm_source=share&utm_medium=web2x) +I like value investing, am sold on it, and believe in it, but I don’t have the time (nor do I want to spend the time) coming up with my own strategy. I want to just put my money in a trustworthy fund that operates on sound value investing principles, and leave it there. Is there such a fund that is available to the masses to put in arbitrarily small investments? How would I pick it? Thanks in advance! + +Note: not looking for people to give me flack about the fact that I don’t want to spend the time on this but still want to reap the benefits of the strategy. +I'm new to the Subreddit, but wanted to share that my background is in corp. and closely held business credit analysis, portfolio credit risk management, financial analysis, and other types of risk analysis. Recently I've stopped all this to pick my own investments. + +Anyways, I wanted to point out what I currently see in Big Lots. Disclaimer: I am not a registered investment, legal or tax advisor or a broker/dealer. You should make your own investment decisions. Making decisions based on my conclusions is your own choice. + +As of May 5 2021, at 11:52 AM a google search has BIG trading for $67.75 / share, at a total market capitalization of \~$2.4B. [Most Recent 10-K](https://www.sec.gov/ix?doc=/Archives/edgar/data/768835/000076883521000028/big-20210130.htm) was released 3/30/21 FYE 1/30/21. Looking to the income statements Big Lots sales have been increasing YOY, along with net income and EPS. This is also true, prior to Covid. + +Recall the valuation of $2.4B. Big lots financials show $560M in cash on the balance sheet, in conjunction with a 1.6x current ratio, increasing operating cash flows, conservative leverage of 2.15x Debt to Equity (primarily their $1.5B in operating leases). The balance sheet presents $1.2B in book equity; $560M of which we know is cash. Prior to COVID, EPS had increased by 61% from $3.83 to $6.18 (net incomes of $157M to \~$242M, respectively). During COVID this exploded of course to $16.46 per share, along with the share price to some extent. + +Now, what if we pro-forma'ed these financials showing only an increase similar to the prior year, instead of the absurd increase we actually saw? That would be something like $9.89/share (60% increase, as opposed to the more dramatic COVID-driven increase). + +The current share price of $67.82 presents a Price to Earnings ratio of \~6.86x. Now, despite the recent run-up in the share price, I would argue this one was underpriced to begin with. Big Lots competitive position, earnings power, and growth prospects are still stronger than the market understands at this time. I would sell this stock at 15-20x earnings, but for now I think it's a buy. + +I think Big Lots is under-loved because the convention has been that companies like Amazon are and will continue to "crush" companies like Big Lots. But, I haven't seen that to be the case since Big Lots [revamped it's strategy.](https://alloy.institute/big-lots-case-study) + +Feel free to disagree, criticize, or ask questions regarding my analysis. I may update as I write more. +What am I missing with Citi group? Of the 4 major banks in the US it is almost half the book value(.65) of the 2nd cheapest (WFC 1.14). Citi has positive revenue growth over the past 3 and 5 year( slow but growing). I know citi is selling the Southeast Asia part but that is suppose to save money too? So what am I missing? How is this not a screaming buy? +Most of the investors in Stock Markets are not able to generate decent returns from their portfolio because of two basic human behavioral traits:- + +**1) Short term Mindset-** Frequent Buying and Selling + +A study published on 'Average holding period for a stock on New York Stock Exchange(NYSE)' shows that avg. holding period for a stock reduced to around **6 months in June 2020 as compared to 7-8 years in 1950-60's. + +**2) ADHD (Attention Deficit Hyperactivity Disorder) -** A bias towards Action + +A study conducted on Soccer Goalkeepers. After analyzing 1000's of video footage of goal keeper movements during a penalty shootout, it was found that **94% of the time goalkeepers jumped either left or right and only 6% of the time they stayed at the center,** even when the direction of the kick was equally distributed between left, right & center. + +When asked the reason, **the goalkeepers said they feel they are at least making an effort by diving left or right,** while standing in center and watching the goal scored towards left or right will make them feel much worse. This same urge towards action causes people to buy and sell stocks frequently in their portfolio as they **like to feel they are doing something.** + +There are other similar studies which show that humans have distinct bias towards action and **they feel the need to do something all the time which is absolutely not true for success in investing.** + +Alas, human behavior is his own biggest enemy. +Hey, it's been a while, but the last couple weeks were odd. Better later than never! + +While deeper analysis is possible for these, the goal is a concise elevator pitch, in line with what Peter Lynch recommends when making decisions to buy or sell. I included everything that I thought should satisfy a curious investor. + +# GROW + +**Summary of Operations** + +U.S. Global is company located in Texas with two main segments: Investment Management Services and Corporate Investments. Fees for investment advisory services and administration of mutual funds are their primary sources of revenue. These efforts involve managing the portfolios of clients but also their own. In 2021, the U.S. Global Jets ETF (JETS) was responsible for 72% of revenues. + +**Strategy** + +The company is smaller than most other mutual funds and financial institutions and has less resources to leverage. It believes its competitive edge comes from its team’s expertise on gold mining, natural resources, and emerging markets. The company has no debt and finances operations with its own cash. + +**Growth and the Future** + +The company intends to pay monthly cash dividends, so it has potential as an income stock. Otherwise, growth will depend on its ability to maintain revenues from its investment services and from the gains of its own investments. The company notes that market fluctuations have a major impact on revenues, as customers may withdraw or add funds in reaction to the market. Its current market cap is quite small, so there is potential for growth. + +[This page](https://www.holdingschannel.com/13f/u-s-global-investors-inc-top-holdings/) shows the composition of their funds and a potential bag of good stocks for separate analysis. This page shows their concentration in airlines, which I find a bit risky. + +**Valuation** + +Given the complexity of the company’s portfolio and what I find to be risk in airlines, I will not do a valuation. That said, I think it's worth keeping an eye on them. + +# WIRE + +**Summary of Operations** + +Encore produces electrical wire and cable for buildings. Its main customers are distributors who mostly buy through representatives of independent manufacturers. Most of their operations are in a single location in Texas. The company has an operating margin of 27%. + +**Strategy** + +The company believes its vertical, compact structure is low-cost and, with this, that they can expand by leveraging their customer service (speed of order fill) and expanding the scope of their wire products. Its SmartColor ID products allow different wires to be easily identified by those using them. The company uses its own cash and has no debt. + +Their main competitors are: Southwire Company, Cerro Wire LLC, General Cable (a company of the Prysmian Group) and AFC Cable Systems, Inc. + +**Growth and the Future** + +Copper is a major component of their costs, so the cost of copper and their ability to raise prices if this increases will be key. The wire industry is cyclical for reasons like this, but it does tend to track with the construction industry as well. Biden’s infrastructure bill could therefore mean a boost to cash flows. Alex Ponte from Seeking Alpha notes that the company has a higher return on capital than its peers, which is a good sign as well. There’s a lot going for this company. + +**Valuation** + +While 2021 was a great year, let’s assume at least $200 million in free cash flow. + +* Growth Assumptions: 15% first 5 years; 10% second 5 +* **Intrinsic Value Per Share: $145** + +# Finally + +I don't mean to nitpick, but if I could ask one thing when people recommend more stocks for me to research, please confirm that the company is profitable/has positive cash flows and has very low debt. The reason being is that I think people will get more value out of my ability to find winners. It's hard to do a valuation if a company can't produce its own cash, and it only takes seconds find these things out. Go to MSN Money > search the ticker symbol > click Financials > click the Cash Flow tab > look at Cash Flow from Operating Activities. If that number is black (and consistently black), that's good a sign. If it's red/negative, it will be hard to value, just from the start. If you click the Analysis button, it will show the Debt/Equity Ratio. It needs to be at least less than 1.00, unless it's a financial company. + +Plus, if you search through your Microsoft account, you'll get Bing points that you can cash in to buy vidya games. A good investor always leverages their strong points! + +Also, someone asked me to research DJCO. I got through most of that, but I've still not researched WFC, which is a major part of their portfolio, and so I need to value them before I can value DJCO. +What are your Top 5 hacks (for lack of a better word) to take advantage of. + +By this I mean what's something finance savvy people do that most non finance savvy people are oblivious to but would help them enormously through life? + +For example I've seen a lot about the FHSS recently in this sub, also claiming tax deductions on personal super contributions. + +What makes your "must do" lists? +13 Years ago today Satoshi said that trust is the main problem with central banks. The centralized system needs you to trust all party's included. And athst very hard to do nowadays. + +That probably also was the reason why Satoshi Nakamoto disappeared. Crypto is about being anonymous, it's about having a decentralized system where you don't have to trust anyone (obviously that does even today not happen everywhere in crypto). + +If Satoshi would have still been here and available to everyone. He would be seen as the big CEO of Crypto by some people that do not have real knowledge about crypto. And that would have been another argument for them to call it a "scam". + +Him not being here makes crypto what it was always meant to be: decentralized. No one is up there, we just don't know who made it. It's anonymous. + +Satoshi Nakamoto played the game and he set off the fire that is still burning, brighter than ever. + KWON-DO-HYUNG is listed in this Korean document as disolving his company Terraform Labs on April 30th, registered May 4th. The act of dissolving just days before the collapse of UST suggests the intent to eliminate responsibility of the aftermath, which serves as evidence that he knew something was going to happen. On top of it all, Do Kwon's Terra foundation sent 52,189 Bitcoin to Gemini and 28,205 Bitcoin to Binance, which were intended to serve as reserves to prop up TerraUSD (UST). So what happened here? This looks like one big premeditated crime to steal 2 billion USD worth of Bitcoin by means of using Terra Luna and UST as the front. + +Below is the documentation showing Terraform labs being dissolved just days before the collapse + +https://preview.redd.it/o97fvmmbikz81.png?width=1125&format=png&auto=webp&s=519a776f8aad740b938fc9d28d76ccb5b9d07f8a + +https://preview.redd.it/0sfms3fdikz81.png?width=1125&format=png&auto=webp&s=659a817616446fdab5757ff02d9f9bacce1e55e4 +The Fed is focused on getting inflation down. To measure inflation it looks at [CPI and PCE](https://www.federalreserve.gov/econres/notes/feds-notes/comparing-two-measures-of-core-inflation-20190802.htm). Between these two measures, the [Fed looks most at PCE](https://www.cnbc.com/2022/07/29/inflation-figure-that-the-fed-follows-closely-hits-highest-level-since-january-1982.html): " Fed officials generally focus on core inflation, but have turned their attention recently to the headline numbers as well, as food and fuel prices have soared in 2022. " + +CPI on the other hand, has shelter as a very large component. Due to both heightened pandemic & WFH demand and low inventory, housing surged in 2020-21 and [has been contributing to inflation](https://www.fanniemae.com/research-and-insights/publications/housing-insights-housing-poised-become-strong-driver-inflation): "pressure is building within the largest component of the index – shelter – and it could replace current surging components as the major driver of measured inflation over the coming quarters." + +Even if the Fed ignores CPI and wants to look at core PCE, [housing is still a decent chunk there](https://www.dallasfed.org/research/economics/2021/0824): Rent and owners’ equivalent rent (OER)—the amount of rent equivalent to the cost of ownership—are among the most important components of the Consumer Price Index (CPI) and the personal consumption expenditures (PCE) price index (*Chart 1*). *This measures 12.9% in the linked chart.* + +The Fed's primary tool is interest rates, acting to reduce demand and lower prices. This is already working as [we are in a housing recession](https://www.cnbc.com/2022/08/18/home-sales-fell-nearly-6percent-in-july-as-housing-market-slides-into-a-recession.html) (calm down its not an 08 crash). Now we get to the crux of the problem. + +Housing remains "[savagely unhealthy](https://www.housingwire.com/articles/the-savagely-unhealthy-housing-market-is-now-a-nightmare/)" due to inventory below 2010, 2013, 2016, and 2019 levels. Because housing is cooling, [builders have slowed or even stopped construction of additional inventory](https://www.kcra.com/article/real-estate-market-cools-home-building-stalls/40657531). Even if the Fed can kill demand, their effects are muted if supply remains constrained. + +**TLDR:** The Fed needs inflation to come down -> part of inflation is housing -> housing can't come down with the Fed's action alone because there is not enough supply -> inflation remains elevated for a long time + +I would love to hear your thoughts and see what I am missing here? Where are the blind spots? I don't see how the Fed doesn't revise its inflation target & strip housing out of it, or commit political suicide by causing mass unemployment to cause foreclosures. + +***Edit 1:*** *Thanks to the gracious data provided by other users, FRED data shows there is no inventory shortage vs what the NAR shows. Rookie mistake for only using one source. Hypothesis is that the run up in housing was interest rate and demand driven. As M2 declines so too has stocks and housing.* + +***Edit 2:*** *not all housing markets are created equal. Many posters note that where they live prices are still up and inventory tight, others note things are correcting hard. Comparisons of Detroit to San Diego, or Bend to Baton Rogue will only be true up to a point. People moving during covid could have created some dislocations in this regard.* +This got way more attention then expected. Just want to also say this is not a hold problem any more this is a exclusive buy. Until you literally can’t fucking afford it. This is about your freedom and not being a slave at this point. If they continue to allow this fuckery then will be risking more then their money. + +If retail doesn’t win this one time the market is a complete fucking fraud and the only way for change will be the inevitable anarchy that follows. The fact that everyone isn’t is the streets screaming buy fucking gme at the top of their lungs is unreal. + +Call me stupid call me whatever you want. But if you don’t see the gravity to the situation then you are a fucking slave to this tiny dicked pricks. I fucking promise you I will die before I lose this fight. I rather cut my cock off then even look at the sell button I buy four to five shares a day and am a 4x holder and know a plethora of other 4x holders. + +The constant over buying the short volume ratio daily over 50% and no one does a fucking thing. And it’s international. It is blood boiling these fucking cunts. + +I promise every single ape here I will never give up the fight against injustice period. Never. I rather die. + + +Fuck these tiny dicked cucks. + +Mostly you Ken put it on your mother you will lose this fight one way or the other. +I’m sure that I’m just getting overhyped. I don’t know what it is though, it all feels that it is coming together and the burst is about to happen. A huge plume of smoke arises and all us apes see soon is a gigantic rocket that just points straight up. I know there is still a lot of ground to cover. I know there is a lot of people in our way. But I don’t know, something just feels “different” as of the last few days. It feels as if something is speeding the process up. Am I the only one that has this feeling of this speeding up? +Hi, everyone. My wife and I recently relocated to a large US city, and we are seeking new doctors. We're in our 50s and are in reasonably good health. I've started looking into concierge medicine options. + +The range of prices I have encountered is astonishing. From as low as \~$2K per year up to a stunning $40K/year per person! + +The $2-3K options are not affiliated with top local hospitals. FWIW, my sense on the $40K option is sort of a luxury good. In other words, I think a lot of the value seems to come from the ability to brag about paying $40K/year for your doctor. + +I am leaning towards the concierge service offered by the most highly rated hospital in the area. My thinking is that this gets you into the best system, and makes it easy for the concierge doc to refer talented specialists when needed. This service comes recommended by a friend. It would cost us $5-6K/year each. + +I'd love to hear feedback and advice from the community. Where do you think the price/value curve flattens? Is anyone paying >$20K/person? Do you think you are getting differentiated value? + +Thanks! +I'm almost 35 and am starting to become more interested in FIRE. Wife and I have about 600k in various retirement funds and are both maxing out 401k contributions every year. We have 2 young children though so they won't be done with college for about 20 years lol. So I guess 55 seems like my target age. We should have between 2.5 - 4 million I suppose depending on the market. + +What's everyone else's plan? +**TLDR:** + +**Congratulations DTC. You done played yourself. I was both right and wrong in my prior DD, but with this new turn of events, things just got even worse for shorts.** + +**Part1:** [https://www.reddit.com/r/Superstonk/comments/tuoeaz/the\_coming\_horrors\_awaiting\_shorts/](https://www.reddit.com/r/Superstonk/comments/tuoeaz/the_coming_horrors_awaiting_shorts/) + +**Part 2:** [https://www.reddit.com/r/Superstonk/comments/v4wcdp/the\_coming\_horrors\_awaiting\_shorts\_part\_2\_power/](https://www.reddit.com/r/Superstonk/comments/v4wcdp/the_coming_horrors_awaiting_shorts_part_2_power/) + +**Part 3:** [https://www.reddit.com/r/Superstonk/comments/vu1f5k/the\_coming\_horrors\_awaiting\_shorts\_part\_3\_28\_days/](https://www.reddit.com/r/Superstonk/comments/vu1f5k/the_coming_horrors_awaiting_shorts_part_3_28_days/) + +Yo. It’s me again, your neighborhood shit-talking, pun-writing, horror-centric DD autist, back to drop some more spicy findings and discuss what’s happened (and what hasn’t) since I first started writing DD about 4 months ago. + +As always, please check out the prior parts of this DD series before diving into this if you haven’t (especially part 1, which dives into the mechanics behind why a share dividend should have resulted in a large share recall…more on that below!). + +# What Just Happened: + +Since part 3 of my DD 1-month ago, a whole host of things have happened. + +Let’s get it straight from the source (GameStop Investor Relations). + +***“On July 6, 2022, GameStop announced a 4-for-1 stock split in the form of a stock dividend, effective as of July 21, 2022, for stockholders of record on July 18, 2022.”*** + +Ok Great! + +So, GameStop conducted a Stock Split via share dividend and that went completely smoothly, because tons of other companies have done the same thing recently and nothing nefarious happened. + +Nope nothing bad happened. + +Wait…what’s that rumbling coming from across the pond? + +Why are people swearing profusely in German? + +Hmm…why are shares being removed from overseas brokerage accounts? Why are tons of brokers now saying they were instructed by the DTCC to conduct a simple stock split instead of a share dividend? + +Oh shit. + +We are entering one of those horror movie scenarios again aren’t we… + +# THE PURGE: + +In an America ravaged by financial crime, the government allows white collar criminals and professional money laundering scum pigs (oops, I mean hedge fund managers, bankers and market makers…my bad), to conduct egregious acts of fraud and robbery without recourse, 24/7, 365. + +Folks like our friends at Generic Cuck Hedge Fund (GCHF) have enjoyed decades wrapping themselves in layers of protection while bankrupting companies, naked shorting businesses into oblivion, and robbing average Americans. + +Then GameStop happened, and suddenly, a cohort of extremely dedicated, laser-focused, obsessive investors realized what was going on. + +These activist individual investors poured through financial records, stock charts, twitter threads, oh they tracked jets, took photos of buildings with lights on, stuck fruit into body cavities…all in the name of uncovering the truth and helping the company they love, thrive. + +Also…they wanted their damn tendies. + +GameStop rewarded loyal shareholders with a share dividend that would result in a 4 to 1 stock split. + +Investors everywhere rejoiced. + +One DD writer (me) realized that shares being loaned out to short GameStop would be recalled before the dividend was distributed. And the promise of tens or hundreds of millions of shares being recalled held promises of many many many tendies. The price was going to go through the roof. + +Leading up to the share dividend split there was a decent price run-up to $151, but that’s far from Uranus. + +Even worse, it looked like shares were still being made available to borrow. There was no mass recall. This DD writer, well, he started second guessing himself…and he felt terrible that he potentially misled fellow investors. + +A few days after dividend distribution, a strange thing started happening. The price was shitting the bed. Then over the following weekend, shares started disappearing from overseas brokerage accounts, first in Germany, then others followed. + +**Something smelled like rotten, moldy, mayo.** + +This past week, it became clear what had happened. + +That whole share dividend thing GameStop issued. + +**Well it didn’t f\*cking happen…at least not fully.** + +Brokers began describing to concerned investors that they were instructed by the DTC (A literal institutional Bernie Madoff), to just split existing shares. No dividend shares were received. + +Global Fraud was occurring. And for a few days, investors scrambled and interrogated brokers. + +**Then, our beloved company weighed in…** + +*"GameStop Guidance for International Stockholders with Split-Related QuestionsGameStop has notified its transfer agent and the Depository Trust Company (“DTC”) that some of our valued stockholders in international geographies are still trying to determine if they have received the proper stock dividend associated with the Company’s recent 4-for-1 stock split.* ***Please note GameStop has already distributed the shares of common stock required for the stock dividend to its transfer agent, which has confirmed it subsequently distributed the appropriate number of shares of common stock to DTC for allocation to brokerage firms and other participants.*** *We recommend that stockholders using a brokerage firm contact that firm with needs or questions. Stockholders may want to make their brokerage firm aware if they recently moved shares to the Company’s direct registered list, as we have been informed this move could impact a firm’s distribution of shares.We appreciate your investment and enthusiasm. Although we are not able to engage with individual brokerage firms, we are monitoring this situation and will keep you informed of any relevant updates we obtain through our transfer agent or DTC."* + +# Enter The Purge + +GameStop has officially confirmed that it has notified the DTC that some shareholders have not received dividend shares. + +GameStop is publicly confirming that it distributed the shares allocated from authorized reserves to be issued as dividends (please see part 1 for how that all works…link is at the top of this post). + +As a quick refresh, we voted to approve an expansion of authorized reserves (to allow GameStop a total of 1,000,000,000). That vote passed. GameStop then issued a 3 for 1 share dividend, issuing new shares from that 1,000,000,000 share pool. + +Those shares were distributed to Computer Share (GameStop’s transfer agent in case you’ve been tripping balls this whole time). Computer Share issued real dividend shares to all direct registered shares held by them (retail investors, insiders, etc.). + +The rest of the shares…they went to the DTC “for allocation to brokerage firms and other participants”. + +Simple enough right…except what happened to those leftover shares once they got to the DTC is a bit of a mystery since many brokers conducted a simple stock split. + +Why would the DTC do that? + +They had no choice because the number of dividend shares issued was far fewer than the number of shares (phantom shares…aka IOUS…aka naked shares sold short) held in brokerage accounts around the world. + +Remember, only real shares are entitled to a share dividend. And short positions are not entitled to a dividend (in fact they must locate dividend shares to the owner). + +So yeah…the DTC was in a bit of a pickle. + +With potentially billions of IOUS and only hundreds of millions of shares to distribute…the DTC most likely did the only thing it could, it filed the share dividend event as a standard stock split and brokers multiplied the IOUS in everyone’s accounts x 4. + +# It’s time for…Math for Simple Minds + +Let’s just pretend that 100 total shares of GameStop should exist pre share dividend. + +And let’s pretend that 10 percent of those are held in Computershare (10 shares). + +After the dividend is issued and distributed, 400 shares of GameStop should now exist. + +40 shares should be held in computer share. 360 shares should be held by everyone else. + +That’s in a perfect beautiful world…not the world we live in. + +We know that the number of synthetic shares floating around is …a lot. + +Let’s be nice and just assume that only 10x the real number of shares exist (1000 shares for our simple example), before GameStop’s share dividend. + +**How the DTC dun messed up:** + +GameStop’s statement confirms that the dividend shares went to Computershare, computershare then presumably took real shares and issued them as dividend shares for its account holders…then gave the rest to the DTC. + +The DTC may have not issued any of those shares to brokers. That’s possible based on what we know right now since it instructed brokers around the globe to treat GameStop’s event as a standard forward stock split. + +In our little scenario…we said that there were 1,000 shares of GameStop floating around, and 100 of them were real. + +**Pre Split:** + +100 total real shares + 900 synthetics = 1000 + +10 real shares held in Computershare + +90 real held in brokerage accounts + +900 synthetic shares held in brokerage accounts + +**Post Split:** + +400 real shares + +40 held in Computershare 360 held in brokerage accounts + +…what happened to the synthetics? + +Well, if the DTC received 270 real shares from Computershare to distribute (300 – 30), and issued none of them…and instead told brokers to just split accounts by 4… + +900 synthetics x 4 = 3,600 90 real broker shares x 4 = 360 + +**Total Shares Post Split:** + +40 shares in Computershare (all real). + +270 shares held by the DTC (not distributed) + +3,600 synthetic shares that never were entitled to a share dividend + +90 real shares held in brokerage accounts that never received a real share + +270 new IOUS for the 90 real shares that should have come from the DTC + +**So now there are a total of:** + +400 real shares + +3,870 IOUs (we prefer to call them whoopsies) + +For a total of 4,270 shares. + +# The Numbers Mason…what do they mean? + +The DTC took a bad problem and made it worse. By instructing brokers to split shares and failing to deliver dividend shares, it’s accidentally rewarded every IOU floating around in a brokerage account with a share dividend of 3 extra shares. + +To be clear, I don't even think it matters what the DTC did (or didn't) do with the shares it received from ComputerShare. Even if they distributed all of them, they still instructed every broker to multiply every IOU x 4. + +Not only is this massive securities fraud…probably unlike anything we’ve ever seen before…but it’s massively diluting the float of GameStop illegally. + +Oh yeah, and it’s a big effing problem if people could somehow…you know…start removing shares from the DTC and putting them in their own names. + +Welcome to the DRS purge. + +# Back to Our Story: + +We’re still living in crime-infested, security fraud-loving America, and our brave band of stock hodlers are now realizing that the DTC failed to deliver the share dividend, and instead conducted a stock split. + +And GameStop has weighed in, encouraging investors to press on their brokers about whether or not they received the dividends they are entitled to. + +**Oh…and our favorite chair-man had something interesting to say on twitter:** + +**“Ask not what your company can do for you-ask what you can do for your company”** + +Suddenly it all dawns on many of the hodlers…there is something they can do. They can start removing more and more shares from brokers and the DTC, direct registering them in their name. + +They can lock the float, with a turbo boost, because the DTC just issued share dividends via a split for every synthetic share held in an account, and potentially failed to deliver all or most of the shares it received from ComputerShare, creating even more IOUs in the process. + +Hoards of crazed, devoted, and highly sophisticated investors descend upon their brokerages, ripping shares away, knowing that it doesn't matter if the shares they are sending to Computershare are fake or synthetic...because the second they go to ComputerShare they become real. + +It's a magical, real-share printing machine. + +And it's ready for all of us to use (not financial advice...but seriously, this is a golden ticket to take fraudulent shares and legally make them real!). + +Welcome to the great share purge. + +The fatal mistake has already occurred…(issuing dividends to ious and likely failing to deliver all the shares from Computershare), now it's every investor's opportunity to perform the fatality and help lock the entire free float of the company. + +# There Will Be Blood + +My original hypothesis was that because of the share dividend, brokers would recall all of their shares on loan before the ex-date (to avoid massive tax obligations). This would force shorts to close positions and repurchase shares. This purchasing should have produced an explosive price increase leading up to the dividend issuance. + +I was effing perplexed at first when this didn’t happen. When I was on Houston Wade’s livestream discussing the aftermath, the issues with the dividend hadn’t yet surfaced. + +But now it’s clear to me that the DTC screwed my original thesis. + +I am very confident that if they had followed GameStop’s corporate instructions, and filed the share dividend properly, the scenario I described would have occurred. + +But what I did not foresee in my original DD was this option by the DTC…to receive shares, ignore instructions, and instead tell brokers to split shares. + +Why didn’t brokers recall shares on loan massively? + +Because the DTC told them they were not processing this as a share-dividend, but rather a split. No share dividend…no reason to recall shares, no potentially taxable event to avoid. + +But rejoice brothers and sisters…**for there will be blood.** + +Now that GameStop has issued a public statement on the share dividend issues, the game is officially on. + +**In my smooth-brained opinion this now ends in one of these ways:** + +**Option 1:** + +We DRS-the shit out of our shares (including all of the synthetics that the DTC allowed brokers to multiply), and we lock the majority of the float fairly quickly. If the DTC failed to deliver the shares from compute share, it created even more synthetics hanging out in brokerage accounts. + +This has the potential to be akin the decentralized version of Porsche publicly announcing that they controlled the vast majority of Volkswagen, setting in motion the infamous VW squeeze. + +Once GameStop announces DRS numbers that indicate a vast majority of the shares have been locked up, a frenzy of buying and closing sets off, and we head straight to Uranus. + +**Option 2:** + +We keep DRS’ing the shit out of the float…and simultaneously GameStop issues an NFT dividend via wallets on it’s NFT marketplace. That could include an NFT dividend related to a spinoff company like Gm'erica. + +With the newest updates to its wallet (including the ability to pay the small fee to activate a layer 2 wallet by sending an NFT), the infrastructure is in place to do this. + +We get two simultaneous squeezes (one for the NFT dividends on the marketplace and one for shares of GameStop). GameStop rakes in tons of revenue in fees for processing all of these transactions on its marketplace. + +Win-win baby. + +**Option 3:** + +GameStop follows through on its threat to remove shares from the DTC, and there is a 90 day doomsday scenario set in motion. All shorts must be closed before GameStop removes its shares and the price goes to Uranus in the process. + +GameStop relists itself as a tokenized security on a new block-chain based exchange. + +I think this scenario is the least likely, only because I still have doubts that a blockchain based stock exchange is ready yet from a mass-adoptioin/technological maturity standpoint. + +**Option 4:** + +Someone like our friends at Generic Cuck Hedge Fund (GCHF) blows up before any of the first 3 scenarios comes to fruition and sets of a chain reaction of liquidations. + +**Wrapping it Up:** + +If you are on the fence about whether or not DRS-ing the ever loving shit out of your shares is the way....please go back and read this again, and reflect on what just happened. The DTC did the only thing it could (screw over brokers and hope that nobody would notice their gigantic fraud). + +But it was a huge mistake. It just turbo-charged our ability to lock up the float, exert ever-increasing pressure on short positions, and continue to remove liquidity from the market. + +None of this is financial advice of course. If you like collecting fake shares for some reason, well i guess YOLO. + +Now more than ever though, it's becoming increasingly clear that the path to MOASS tendies revolves around individual retail investors taking their fate into their own hands, by DRS-ing shares, and continuing to support the company they love. + +As always, remember, there's nobody coming to rescue us from the outside. The SEC, DTC, banks, brokers, and everyone else, they aren't going to be our Gandalf in this fight. + +Good thing we no longer need any of them! Seriously, I believe we are now in the end-game (I don't know how long that lasts, but things have substantially accelerated in my view). + +Buckle up! +Not sure if this is the right place to post this, but I'm looking for help with an issue with our lease. Also I am on mobile so I apologize in advance if the formatting is bad. + + +My girlfriend and I signed a 13 month lease for an apartment without seeing the actual unit. I know it's not a good idea to do that. However, they couldn't show them with the tenants still living there, and are in such high demand that if you wait too long you will miss out. + + +Anyway, we signed for a unit on the second floor. We saw a similar 2nd floor unit, and liked the layout. It has nice vaulted ceilings that make it appear much bigger. + + +I have it in writing (multiple emails) assuring us that the unit on the lease is on the second floor and is the exact same floor plan that we previously saw. + + +Come to find out that there was a mistake, and the unit on the lease is actually on the first floor. It is smaller and does not have the vaulted ceilings we wanted. We haven't seen this floor plan, and are worried that we won't like it as much as the second floor unit. + + +Our options: +1. Suck it up and live in the first floor unit. + +2. Break the lease and lose our deposit ($250) and application fee ($170). Then wait until a new second floor unit becomes available. This could take a few months. + +3. Talk to the manager and try to work something out. + + +Some more details if this helps: +Rent: $1430 per month - same for both apartments +Location: Southern CT +Move in date: August 14 +We are recent college grads currently living with our parents. +Income: $72k combined + + +I am looking for advice on what to do. I want to talk to the manager, but I'm not sure what can be done since our signatures are on the lease already. + +Hopefully this doesn't break the rule about surveys. I'm just trying to start a discussion. + +Like the title says, I'm just trying to read some interesting stories about people's financial paths from their 20s to 30s, 40s, 50s, and beyond. Where were you at 25, and what happened since then to bring you to where you are today? + +I would really like to hear from people who might have had a less "typical" path too i.e., what major obstacles did you face? How do you feel about that year you spent traveling and not earning much? + +EDIT: Thanks for all of the replies! Keep them coming. +Hello All-I have a tenant who is on disability and is involved with various social programs. She is probably around 50. She used to live with her mother who was probably in he late 70s. The Mother was responsible for paying the entirety of the rent. As a matter of fact she would pay a year up front. + +Sadly, her mother passed away this past mothers day. The daughter sounded very distressed and just called me yesterday (july 15) afternoon to inform me of her passing and the financial situation that she is in. She will be unable to continue paying the rent when there lease is up on 9/30. Unfortunately, she has a strained relationship with her remaining family, and I'm relatively sure she is "unwanted" in her remaining relative's home. + +Her brother recommended her to "not tell me" about their mother, so that sounded a little nefarious. But her main purpose of calling was to let me know that she wanted me to evict her. She said that if I evict her then she will get onto certain government programs faster so she can then qualify for some kind of assisted housing. + +I wasn't sure how to handle the scenario. I just gave her my condolences about her mother and told her I will call her back on Monday. They were good tenants, and I have no bad blood between them. I think she legitimately wants to find some form of assisted housing. + +What is my best course of action here? I don't want to evict her of course because of paperwork. I also suspect that's not in her best interest. But I'm confused about about what her plan is from here and if I don't evict her. What were her brothers intentions by not telling me about the mother passing. She told me that she will "accept whatever decision I make", what does that mean? What is the most amicable way to get her out by 9/30 and maintain the mortgage payments with a new tenant? +**The Greatest Financial Crash of all time?** + +Michael burry, the guy behind the movie "The big short" Who was the first person to predict and Bet agaisnt the market before the 2008 financial crash, in the last 2 days has tweeted out saying basically that "He's back with a vegence". +Publicly he has (his company) so far put nearly a billion into betting agaisnt the market this year and who knows how much behind the scenes. + +He also tweeted out that he knows we are in the biggest bubble of all time, in all things. Essentially that we are about to pop. He said this bubble is worse by a magnitude of 2 which works out to exactly **100x worse.** + +It just came out today that Blackrock, one of the largest hedge funds, has started taking money out of the stock market and investing it in homes left and right, several thousand homes by the seems of it across canada and america, they surely know that the dollar and stockmarket is about to take a hit, as hedging both ways is what they do. + +There are many other factors, like stock market debt/repo etc being 10X+ higher than ever before, and the fact that major corporations have already JUST received bailouts due to covid, **Meaning this time there may be no fallback whatsoever like in the 2008 Crash.** + +Some very informed people outside of GME are saying the stock market and the dollar are going to crash simultaniously due to debt and overprinting of Fiat by basically every country due to covid, and that this next depression starting possibly this year, or at least within 2-3 years, **will make the great depression look like a walk in the park.** + +*So* *What the hell do we do?* +I posted this in 2 other financial subreddits, and the main advice was to hold onto your butts and buy GME as this could be a catalyst to force shorts to cover. + + +I'm genuinely worried for myself and my family, thinking about how crazy people wen't over toilet paper when there wasn't even an *actual shortage*....... + + +*A message from a Silent Ape.* +Good afternoon r/dividends, + +This subreddit will be hosting an AMA with Brian Barnes, Founder and CEO of M1 Finance. + +M1 Finance is an American brokerage and financial services company based in Chicago, Illinois. Their platform is designed specifically with long term investors in mind, and an analysis of r/dividends comments have shown a significant number of subreddit members are users of M1. The company currently only serves residents of the United States. As of Q3 2020, M1 currently has over $2 billion in assets under management. + +I have spoken with a representative of Mr. Barnes, and she has said he will be available on Tuesday December 8th, 2020 at 1:00pm Central Time to host the AMA. Since he is a CEO with a busy schedule, she has not given me an exact length of time he will be available, but I will update this thread when I learn more. Currently we are shooting for two hours. + +This AMA was made possible thanks to user suggestion. Please feel free to leave any additional suggestions for AMA hosts as replies to this post. + +Edit: please see follow-up post. +And these people are meant to give financial advice to others?! +Link to BBC article here: [BBC: ‘I gambled our house away without telling my partner’](https://www.bbc.co.uk/news/stories-55864799) +Someone in the daily said they couldn't wrap their mind around stop limit orders, so I replied to them with what ended up being a rather massive explanation for the 3 types of orders in the post title. I think a lot of beginners (both in the stock market and crypto) struggle with these concepts, so I thought I would post the entire explanation as a guide. So, here it is! + +Ok, so there are **limit orders**, **stop orders**, and **stop-limit orders**. The third one combines the concepts of the first two. + +Let's start with a sell **limit order.** Perhaps you hold a bunch of some asset currently at $1. You decide that if it hits $1.50, you want to sell. So you make a limit sell order. This is simply an order that will be automatically triggered at the first opportunity to sell at or above the limit price you chose, $1.50. It will only fill if you can get a price equal to or better than the limit price. You're basically publishing an offer to the world, saying "if ever anyone wants to buy at $1.50 or higher, I am down, and my computer will automatically do the trade with you". + +But imagine you also want to automatically sell if it gets to $0.50 or lower, because you believe that would indicate free fall and you'd want to just cut your losses. A sell limit order wouldn't work here, because a limit order is triggered so long as it can be filled at the limit price or better. So, if you set a sell limit for $0.50 while the price is currently $1.00, it would be instantly triggered and your position would be sold at $1.00, because $1.00 satisfies the condition of being equal to or better than the $0.50 limit price. So, this doesn't do what you want. That's were stop orders (aka stop-losses) come in. A **stop order** will trigger a sell at the best available market price once the stop price has been reached. So, if you set the stop price to $0.50, then once the market price passes below that threshold, your position will be sold at the best available market price in that moment (which will usually be very very close to the stop price you set). + +So, here is the difference between a limit order and a stop order: in a limit order, the limit price is just a threshold above which you will accept a trade and below which you will not. It's basically like an open offer to sell at some price. With a stop order, the stop price is not a threshold below which you will accept a trade. Instead, it is a trigger: once the market price passes your stop price, then your position will be sold instantly to the highest bidder in that moment. + +Now, this means that usually your position will be sold basically right at the stop price (or very close, like $0.4998), because if your position is being sold to the highest bidder the moment the price touches your stop price, the highest bidder will basically be buying at the stop price. However, there are exceptions. + +For example, in the stock market, there is after-hours trading when you can't trade, but special people can. Now, imagine the day closes with the price at $0.55, and your stop price is $0.50. During after hours, a bunch of whales dump the stock, and by open tomorrow morning, it is at $0.20. Your stop loss will be instantly triggered and you will sell at $0.20, not $0.50 like you wanted. This is because the triggering event of the market price passing your stop price happened (during after hours), so the position was sold at the earliest possible time at the highest available price, which happened to be at market open the next day at $0.20. + +Another example is this: imagine a gigantic whale decides to sell an absurd amount of your crypto just a tiny bit above your stop loss price, at like $0.501. This triggers a massive selloff and the price drops off a cliff. It therefore drops past your stop price, so automatically you get in line to sell at the highest available price. But the demand to buy at $0.50 has already come and gone, and there aren't enough buyers to keep up with the sellers, so by the time your transaction actually gets filled, it ends up being at $0.45, not $0.50. This is called price slippage, by the way. + +A third example: imagine your exchange goes down for 10 minutes when the price is at $0.52, but once it comes back 10 minutes later, the price is at $0.25, since other exchanges were running during those 10 minutes. Now your stop order will be filled at $0.25. Not ideal. + +This finally brings us to the **stop limit.** The stop limit combines both limit orders and stop losses. They require that you specify two prices: the stop price, and the limit price. If the market price passes the stop price, that triggers the creation of a limit order with the limit price you specified. Let's consider a couple cases where you might want to use this. + +Let's say, like before, you believe if the price gets as low as $0.50, then that signals that you need to exit. However, you are definitely not willing to sell below $0.30. You would rather just hold and hope it recovers one day than sell that low. So, you make a stop limit order where the stop price is $0.50 and the limit price is $0.30. The moment the price gets as low as $0.50, the stop will be triggered, which will then create a limit order whose limit price is $0.30. So, the stop price is the trigger to decide you want to make a sell offer, and the limit price is the lowest you are willing to sell for once the stop trigger actually happens. 99% of the time, this stop limit order will mean you end up selling basically right at $0.50, just like the stop order we talked about earlier. Once the stop price is passed, your limit order will be created for $0.30, which will immediately be filled at like $0.499, because that is the current price, and it satisfies the condition of the limit order, which is to sell at or above the limit price of $0.30. However, in the off-chance that your stop price is triggered at $0.50, but the price then somehow teleports down to $0.25 (after hours trading, price slippage, or your exchange going down) then your position would not be sold, because the price is below the limit price you set. If the price eventually recovered to $0.30, your position would then be sold at that price, if you hadn't cancelled it by then. + +Another use case would be this. Say, once again, you believe that if the price drops below $0.50, that is a red flag that you should exit your position. However, you believe that if it does get that low, there is a very good chance that there will be a dead cat bounce (where something makes a short-lived partial recovery while it is in its death throes). You bet that, if this coin gets as low as $0.50, it will briefly make it back up to $0.70 before crashing fully and dying. So, you make a stop limit order with $0.50 stop price, and a $0.70 limit price. If ever the price gets as low as $0.50, you will now automatically publish an offer to sell at $0.70 (ie: a limit order with $0.70 limit price will be created). If the price now rebounds up to $0.70 like you thought it would, your order will be filled and you will sell at $0.70. If it doesn't end up rebounding that high, your order won't be filled, and you'll end up holding. It's like saying "I believe if we go as low as $0.50, that's a good indication we are crashing hard, so I will try to exit at $0.70 shortly thereafter during a bounce, but if I can't get that good of a deal, I guess I'll just hold and hold and hope it recovers one day". + +So, in summary: A **limit order** is an open offer to sell at a certain price or better that you publish to the market. A **stop order** is a trigger threshold, which, if passed, means your position will be sold ASAP at current market price. A **stop limit order** is a trigger threshold, which, if passed, creates a limit order. + +Finally, I want to note that all these examples have to do with selling, but these types of orders exist for buying as well. It works the same way, but everything is flipped. For example, if you want to buy a coin, but only if it dips below $0.25 so that it's affordable to you, then you would make a limit buy order with $0.25 as the limit price, and you would automatically buy that position if ever someone is willing to sell at that price (ie: the market price dips that low). + +I hope this helps somebody! +I'm already what I consider fatFIRE. I had an exit from my startup a few years back, leaving me with approx 7.5M USD (10M CAD). I've been more than happy with this and I'm working about 60% of the time because it keeps me somewhat grounded and I still feel like I need to do something. + +I just had an unsolicited offer to buy some startup shares (different startup) for 1.5M. The company I worked for is a unicorn as of last summer and they'd be purchasing shares for a premium to that valuation. I still think there's about 2-3X if I wait for a full IPO, however. + +Is it worth it to sell the shares now? I don't \_need\_ this money, and I currently live in a medium-expense city in a house that's as big as I'll even want. I don't need fancy cars/watches/etc. I would probably end up re-investing this cash in either venture funds or the markets. + +I'm leaning towards not taking the cash and just waiting for a nice IPO pop (and then maybe buying something nice with the proceeds). + +What would you do? +Our mortgage is due the 1st, we pay on the 7th because payday. Second payday with monthly bonuses are on the 22nd (have been almost twice as much as the 7th base checks consistently and only expected to go up). + +Husband wants to start paying the mortgage on the 22nd, 2 weeks ahead of schedule, to leave us with more money on the 7th as normally 70% goes to the mortgage from that paycheck. He thinks it'll look good on us when we refinance early next year and will also help us not be stretched so thin. Advice? +I had sold 200 contracts of GME 01/22 $1 puts. +Max loss is supposed to be 20k. Because of option prices being out of whack after hours, the brokerage shows each contract to be worth 20$ putting this trade at a loss of -$400k. All the margin balances look messed up (reg-T account) + +My account balance was around $380k before this and now I’m at -20k. I’ve been on hold with fidelity for the past hour. I’m freaking out that they force liquidate these options during pre-market tomorrow at ridiculous prices + + +What do I do? + +EDIT: images with more information + +https://ibb.co/89CHv6s + +https://ibb.co/0r86HMs + + +EDIT2: just got off the phone with fidelity. They chalked this down to a “reporting error” based on after hour prices. They said something about pricing between 12 and 1pm causing this issue. They fixed the reporting on my account so it’s showing a positive account balance and my gme position doesn’t show a huge loss. They also assured me that no positions will be closed. Thank you everyone for your replies, kept me sane. +So, it looks like I’m FIRE’ing… The boring middle is over! + +36 years old, medically retiring from the military at 16 years. I spent my entire career saving everything extra. Every time I was promoted, the extra money went to savings. I’ve lived like an E-5 since the day I turned E-5. Tax returns, special duty pay, deployment pay, enlistment bonuses, raises, everything went into mutual funds. I spent 10 years as a single dad and went car free for a little over half of it. Got married last year and bought a house with my wife in St Augustine Florida. Cash. I guess I’ll get down to the numbers. + +Investments: 210,000 + +House: 310,000 + +Rental property: 65,000 (That’s value minus mortgage) + +Total assets: $585,000 + +So with a 3% SWR and a $20,000 annual retirement, that gives us $26,000 a year with no mortgage, and no health insurance costs. And if the market takes a shit, I’ll still be making $20K a year. + +Full disclosure is that my wife does still work and she has a 6 figure job, but if she were let go tomorrow, we would be totally fine. She works now because she wants to. (and she admittedly always will in some capacity.) We are saving a disgusting amount of her salary, and she will probably get her doctorate at some point in the future. I have my associate’s. + +This military medical retirement kind of came out of nowhere and now I’m coming to terms with the fact that I’ll never have to work again, 4 years ahead of schedule. It’s kind of surreal. The FIRE path for me was paved with a low desire for expensive things. What Thoreau says in Walden about fashion and transportation resonated with me. This week I threw away 10 year old pants because the zipper finally broke on them. I have sandals that are 20 years old. Being in the military helps, I guess, they tell you what to wear every day. That’s going to be a weird adjustment. OK, now I’m wandering. Just wanted to say thanks here, I always loved seeing when people FIRE’ed it gave me hope. Keep plugging away and watching those numbers grow! +> Companies that do everything from manufacturing phones to operating social-media platforms now account for nearly 40% of the S&P 500 + +[WSJ](https://www.wsj.com/articles/techs-influence-over-markets-eclipses-dot-com-bubble-peak-11602894413) + +https://i.imgur.com/XhB6s5R.png + +Is anyone else concerned with this? +I'm a beginner. + +One of the main books I'm seeing in my google searches is *The Book on Rental Property Investing* by Brandon Turner. I only previewed a few pages and it doesn't look nearly as technical as what I'm looking for, but I could be wrong. +The name Bitcoin isn't used anymore because no one can afford 81 trillion dollars for a coin. Satoshis are becoming expensive too, there are talks to split every Satoshi in 8 Nakamotos for further convenience for consumers. This has been discussed by the core developers for 3 years, but no consensus has been reached yet. + +Ethereum has taken over the world with their last rollout Skyn3t. It turns out all those gas fees were used to build robot assembly-lines in the Arctic. Vitalik has revealed to be a cyborg sent from the future to enslave humanity. Humans who purchased ETH are filthy rich, though. + +The Resistance movement has rallied behind XMR. It's so damn private, they can't even find other cells to coordinate. + +LINK is using its self-consciousness to update in real time Sergei Nazarov's geolocation, so you can go and tell him how he has betrayed you yet again. + +Civil war has ravaged the USA and split the country in two. The new formed country has adopted DOGE as their official currency. Elon Musk has proclaimed himself as Techno DogeKing of the Solar System. + +NANO has become so fast it has reached faster than light transaction speeds and quantum-leaped itself out of existence. The devs are working on a solution to slow down transactions without success. + +Cardano has published 741 papers, 700 of them about how good is to publish a lot of papers. Smart Contracts in mainnet expected next month. Charles is doing AMAs on Youtube every 15 minutes. + +Binance Smart Chain has been fomo-bought by Warren Buffet, who is still denying blockchain but bought the first project that an intern mentioned in the coffee room. God knows what they’re plotting in this world governed by machines but everyone agrees they’re up to no good. + +Tether has opened their vault at last. Every 1 USDT is pegged to a cap of Nuka-Cola. This has made USDT the first stablecoin to experience a +1000% valuation. +🌍🌍🌍 SaveTheWorld ($SAVE) 🌍🌍🌍 + +SaveTheWorld is our step towards making the world a better place for all, achieved through utilising the immense decentralised power of cryptocurrencies. We call it **Impact Investing**. Here's how it works: + +* A 10% tax is incurred on every transaction. + +* 2% of each transaction will be distributed amongst SaveTheWorld token holders, providing frictionless yield rewards. The remaining 8% goes to liquidity. This is where things get interesting. + +* 50% of daily generated liquidity is removed - 100% of the BNB is donated to charity and 100% of SaveTheWorld tokens are burned. We mean business. 100% to charity, nothing less. + +So, **how does this benefit you**? + +In addition to donating 50% of liquidity to charity, we've decided to incentivize you, our investor, by utilizing the other 50% of the generated liquidity to **MARKET BUY** additional Save tokens, which will then be burnt forever. + +This means that a whopping **6% of each transaction** will be gone **forever**. + + +*AN IMPORTANT EXAMPLE:* + +> On Day 2, $SAVE generated +$1 million dollars in daily liquidity. With our tokenomics, this would mean a donation of **$500,000** as well as a buy-back **AND BURN** of $500,000 dollars of $SAVE tokens. This will be massive. The first hyper deflationary charity token, with our investors interests at the forefront of our minds. + +This will reduce the token’s circulating supply even faster and help push the price up. We already have burned over one third of the supply! You help **#SaveTheWorld** while we help **#SaveYourPortfolio**. + +We have over **$5 million** in liquidity locked away for 100 years, and if we ever need to temporarily revert to locking away liquidity (as opposed to initiating buybacks), we can do that! + +Given the dynamism of the project and the endless number of charitable causes out there in the world (as well as the buyback incentive we've implemented), SaveTheWorld token will be able to consistently draw in new investors, both philanthropic and speculative alike. Unlike many charity tokens that use donations simply to pump marketing, we are using a Gnosis Multi-Signature Wallet to handle the donations, in a transparent way. We aim to keep the charities in question as impartial to politics as possible. There comes a time when all people must rise up beyond our differences and collaborate. For that reason, SaveTheWorld will focus on issues that are objectively important in a humanitarian and environmental sense. One World, One Love. + +**$SAVE** is the defining BSC Charity Token with serious ambitions. + +Each Phase targets a new effort. + +* Phase 1: India COVID Relief + +* Phase 2: Cancer.org + +* Phase 3 (Current): ActNow Africa + +A few more pieces of information... + +* 🏭 Supply: 1 Quadrillion total supply, hyper deflationary. 33% burnt and counting + +* 🔥🔥 OVER $1.7 MILLION in total donations in the first week 🔥🔥 + +* 34k + holders ✅ + +* 6500+ Telegram users in our amazing community ✅ + +* [Coingecko](https://www.coingecko.com/en/coins/savetheworld) and [CMC Listing](https://coinmarketcap.com/currencies/savetheworld/) ✅ +* [Audited by Solidity.Finance](https://solidity.finance/audits/SaveTheWorld/) +* Join our [Telegram](https://t.me/SaveTheWorldToken)! +* [Check out our website!](https://savetheworld.health/) +* Follow our [Twitter](https://twitter.com/stwtoken)! + +Contract Address: 0x159802fbe16aa6a0863a56a18dd41afce546c93e +My wife wanted to move on from her perfectly good 2008 4Runner, said the first 132000 miles were the best. + +We go shopping for what she wants to get now (don't ask...) and get a dealer's trade quote. I am reminded why I have only ever traded in one car in my life. (I've been around for a while, not that we flip cars.) + +The dealer trade calculation comes up with about $10,000, despite the vehicle having several very desirable options. I figure that's below retail value by several thousand, and the dealer confirms it. Why wouldn't it be? They want to make money selling it. + +I tell my spouse that I can do better than that, and she humors me. We own the vehicle outright. It is in excellent condition with no accidents, no mechanical issues and clean inside and out, when she is not using it to move big bales of hay and so forth. Toyotas in general and 4Runners in particular have a very good reputation for reliability and hold value well, so it should sell readily. + +We take pictures, and I put ads on autotrader.com and also craigslist. Autotrader is a big volume site, and craigslist is a necessary evil, perhaps. The listing costs $49 for Autotrader and $5 for craigslist. I price it at $13,000ish, which is at the high end of what the resale calculations claim is retail price, above even private party value. Then we wait. Always stressful, since we depend on what strangers do. + +Not to worry. I get multiple inquiries / day. A few are just silly. "I'll give $8000 in cash!" (I bet you would.) Some are earnest. "Have you changed the timing belt, and can you send pictures of the undercarriage?" All good. One guy is willing to fly up from Florida. It turns out that there are only a few of this model on the market in the country, and the ones under 150K miles are offered by dealers for thousands more than I am asking. + +I ultimately get someone local who comes to look at the vehicle with bank check in hand; he's a nice guy, everything checks out, he takes the car for a test drive, we call his bank to confirm he didn't just forge some bank check, and everybody is happy. He gets the car and the title, we get a bank check for the asking price four days after listing the vehicle. + +The personal finance lesson is not so much that you could expect this exact experience, since I've often had to wait longer, deal with more buyers, or take a discount to sell a different type of vehicle. It's also not that I am some amazing car salesman, since I maybe could have got even more by asking more, but that wasn't the goal here. + +The lesson is: since you would (and should) shop around to find the best deal on the vehicle and on financing, don't leave thousands of dollars on the table to save a few hours' work selling your old vehicle. + +Edit: yes, in many states you can save on sales tax with a trade, though that is not the case in Virginia. "Unlike some other states, in Virginia, they apply the sales tax to the full price of the car before any credits from trade-ins are applied." + +Edit again: Carvana online offer (based on actual VIN): $9868. +For anyone feeling like they missed the boat: I bought at every increment between $70 and $660. In January 2018, I warned of the coming crash and wrote to the community here that “Hype had exceeded reality”. So I’m writing now to say that today feels like the easiest it’s been to buy. + +With bluechip DeFi apps like Maker, Uniswap, Aave, Yearn and dozens more that have millions of users and billions in liquidity, Ethereum’s utility is no longer theoretical. The smooth launch of phase 0 further confirms that the future of Ethereum is a matter of when, not if. + +ETH will reach $1,400, then $2,000 and eventually $10,000 and beyond. It might take time, and their will be ups and downs, but this is now an inevitability. +*DISCLAIMER: This is not an investment advice or strategy; only an introductory material. If interested in using CDP, you should read more detailed materials involving more detailed descriptions of the liquidation process, fees, etc. Also, always do the math yourself and check your results. Do not trust the provided formulas if you have not checked they apply to your situation. Make sure you understand what you are doing. Be cautious and stay safe.* + +**What is a CDP?** + +CDP is a Collateralized Debt Position, a smart contract where you store your ETH funds as collateral in order to take out a loan. Maker’s CDP allows you to take out a decentralized loan denominated in DAI stable coin. + +**As an ETH hodler, why should I care?** + +Suppose, as a true believer in Ethereum, you have invested all your available fiat into ETH already. Suddenly, there is a market situation such that you would like to “buy the dip” or simply increase your stack of ETH but you cannot since you have no fiat left. Nevertheless, thanks to CDP you can lock your already owned ETH as a collateral, take out a loan in DAI (~USD), and buy more ETH with it. This is called leverage and the principle is the same as margin trading. + +**What is the catch you are not telling me?** + +Well, the catch is that you have to repay your money otherwise your CDP gets liquidated and/or you lose your collateral. Please, never let your CDP liquidate! It is way more expensive than repaying. + +**Can you give an example of a bad loan setup?** + +Suppose you lock 150 ETH in CDP, Ether price is currently 900 USD. The min collateral/loan ratio of Maker CDP is currently set to 150%. Therefore, you can take out 90 000 DAI (100ETH*price) as a loan. Remember the loan is always in DAI. However, since you borrowed the maximum amount allowed (two-thirds of collateral), your liquidation price is exactly 900. If the price drops to 899.9, your CDP will be liquidated because its collateral is insufficient. Always make sure the liquidation price is sufficiently low. + +**OK, I see I shouldn’t go too much into debt here. Is that all?** + +No, there is another case that may arise. Suppose the previous situation, however, you take out only 30k Dai instead of 90k. Since your collateral/loan ratio is now higher, you are protected from liquidation as long as the price of ETH is above the liquidation price of around 300 USD (sounds sufficient). Remember again that the loan is denominated in DAI. If the ETH price goes to 500 USD, nothing changes and you still owe 30k DAI. This may cause issues when investing the borrowed funds. Suppose you invested the whole loan in ETH at the initial price of 900 but now one is worth 500 and you have no other money available. The CDP does not go into liquidation this time. However, you cannot repay the debt and free your collateral (you can partially but it’s still quite bad). + +**What do you suggest to avoid this?** + +If you plan to invest the borrowed DAI, never collateralize your entire bag of ETH. Always save an appropriate amount of money (form irrelevant) to be able to pay off the CDP at liquidation prices. + +**How do I find out how much is “appropriate”?** + +You need to do the math. I derived some formulas that may be helpful. They apply to the case of leveraging ETH only, i.e. using your bag of ETH to get a loan and invest in ETH again. As have been mentioned, you should have enough ETH left elsewhere to be prepared to repay the debt if the price begins to approach the liquidation price. I assume the purchase of ETH is at the same price as at the time the CDP is opened. + +Notation: S = all ETH holdings you have prior to CDP, P = the current price of ETH in USD, LP = your desired liquidation price (yes, this is a parameter you must choose – please be cautious and set it at a safe low level that you consider unlikely to be reached) + +**Calculating the amount of ETH to deposit as collateral (deposit):** D = S/[1-(2LP-2P)/3P] + +**Calculating the amount of DAI to “draw” from the CDP (loan):** L = (2/3) *D *LP + +Remember, you must always have S-D amount of ETH available to step in and avoid liquidation of your CDP. That should guarantee you are safe from the liquidation or the need to use additional funds. Nevertheless, it is still possible your investments will not be profitable and you end up losing money. + +**I am only waiting for the next paycheck and need the funds only temporarily to buy the dip right now. Can I collateralize my whole stack of ETH?** + +Yes, you can since you know you will get additional funds to repay the debt. However, remember not to go too much into debt to avoid liquidation. + +**I used the loan to buy ETH. Can I collateralize these funds as well?** + +Yes, you can but be VERY careful. You’d better do the math right! I would not recommend this since things may get messy and you may lose track of your debt easily. + +**I want to learn more and maybe get a CDP. What should I do next?** + +You should check the Maker CDP dashboard (https://dai.makerdao.com/) out and watch their introductory video and terminology guide. There is a couple of advanced things that I omitted and you should look into them (e.g. WETH, PETH). Further, visit the maker subreddit r/makerdao (please read the sad stories of liquidated CDPs) or other of their communities. Make sure you understand what you are doing before creating a CDP. It may be worth it to test the process on the Kovan testnet. + +**Why did you write this tutorial?** + +There was no complex material for beginners around that would highlight CDP’s possibilities as well as risks. I hope I introduced the instrument properly and it will get more traction eventually. Also, I am a big fan of the DAI stable coin. + +**I think there is something wrong in this text or something important is missing.** + +That is, of course, possible. In such a case, please, comment or pm me. I will be updating this text continuously. + +*DISCLAIMER: This is not an investment advice or strategy; only an introductory material. If interested in using CDP, you should read more detailed materials involving more detailed descriptions of the liquidation process, fees, etc. Also, always do the math yourself and check your results. Do not trust the provided formulas if you have not checked they apply to your situation. Make sure you understand what you are doing. Be cautious and stay safe.* + +Maybee I have just been lurking here too long, but everting is all kind of starting to look the same. Tesla + uranium + weed stocks + crypto. Over and over and over again. + +The point of me plugging into a community is to come across new ideas I had not considered before. So lets have em. What is the niche ideas that only you do? +Mid-30s and borderline FIRE. I stopped working to focus on my family and pursue personal interests, and discover avenues of passive income. I'm not going to get into the numbers because that's not the point of this post. **\[EDIT\]** I do have present goals. I am working on launching a new business early this year. And as a "side-hustle" to that I am working on new long-term passive income streams. So I don't have a shortage of projects, but I do have a lot of time reflect on things - just without the same distractions as I had previously. **\[/EDIT\]** + +I haven't charged a single hour of work since May. All the good things about FIRE are true. The time, the freedom, etc. I've got no complaint and that's lived up to every expectation of it that I've had. + +But at the same time I feel like I'm just sitting back watching the world burn. And while I'm so grateful and happy to be where I am right now - a colleague of mine in a similar position phrased it in a good way, "(upon FIRE), the cloak from the matrix (where everyone else is still stuck) was removed and what I see is disturbing". + +It's disturbing and hard for me to ignore because I have a young son - and naturally I want him to have what I now have or better. My goal is to ensure he has a trust fund ready for him at 30 - so he doesn't have to deal with the world's bullshit. Or so I hope. I truly fear for his future and what the world may be like when he's an adult. Borderline to the point where I'm starting to feel like a lot of things are pointless, and I should just focus on getting as much enjoyment out of our lives while things are still good: it's almost like I feel as if the comet from "Don't Look Up" - I movie I didn't find funny at all, is about to hit us. Or packing up and moving to a part of the globe that's as far away from most of society as possible like NZ or Tasmania. + +Has anyone experienced anything similar, and if so how did you cope with it? I guess unplugging is a start, but I continuously find myself back online because when you go FIRE at a young age, there's almost nobody who can relate to whatever headspace or mindset you now occupy. + +**\[EDIT #2\]** I really appreciate all the thoughtful responses and comments. It's taking me time to read and process them all so if I'm not replying it's not because I'm not reading them - just taking it all in. Thanks all.**\[/EDIT\]** +So, the past year and a half has been (putting it lightly) rough. Got out of the Army after active duty in late 2018, moved home with wife and young child, didn't get the job I had lined up, wife got into a romantic relationship, depression, behavioral health unit, gave her another chance for my son, cheated again with a "friend" of ours, and now here I am. + +Luckily, I've got a new job that isn't terrible, but also isn't great. But after dealing with the mental/psychological abuse, I stopped focusing on finances until recently. She's getting the nice condo for cheap since we started out here renting it out from a family member. She's had her family paying for all of her bills while Im on my own with everything I have. Which leaves me basically on my own to find my own place while also trying to stay close to my son. Now, the only place I can really afford is a place in a trailer park. + +Frustrated as all hell to say the least, she gets everything I worked hard for while she never had a solid job for 6 years. And now I'm starting from the bottom, all while dealing with my own mental issues sustained from everything that happened. It's embarrassing, I don't know whether to cry, burst into a fit of rage, or just give up completely. I've busted my ass working 70+ hrs a week for the past year and a half just so I can give my son a better life and I just feel like there's no point anymore. + +Just felt like venting/ranting because financially, emotionally, psychologically, this shit sucks. +Something clicked when I was looking at the IBKR short data that u/mendobreadth shared today, and I wanted to share with the class. + +**In short, GME is defying the Golden rule of economics when it comes to shorting it.** + +Everyone knows the Golden rule of economics, but in case you don't: price is a factor of supply and demand. Higher demand than supply makes price go up, higher supply than demand makes price go down. + +So let's apply that to shorting GME. + +**We'll start with the demand**, and according to IBKR, *it is the highest demanded stock on the entire market to borrow*. There is not a single stock on the market that has a higher demand to borrow. So demand is very high. + +**What about supply?** Well, there's two things to consider when analyzing the supply of GME to borrow. First, there are a fixed amount of shares in existence. So the supply is limited, and at a certain point it ~~cannot~~ *(shouldn't)* increase. The second part of supply is how many shares have already been borrowed/shorted. GME has the largest value in open short positions on the entire market, by nearly double the next highest ticker. This means that a very large amount of GME shares have already been borrowed and shorted, so the supply of remaining shares to borrow should be very low. + +*(I know the supply should be negative at this point, but for this exercise I'm pretending all we know is that it's very low)* + +So we know from the IBKR data that the demand for borrowing GME is as high as it can get, and the supply of GME shares to borrow is as low as it can get. So, according to the Golden rule of economics, the cost for borrowing GME should be astronomical. **And it would be in a brokers best interest to charge more to short GME than any other ticker on the market.** + +In shorting stocks, the cost of doing it is the fee to borrow shares. This is an annual interest rate that is generally paid daily or weekly, depending on agreements. So, GME should have the highest interest rate to borrow on the market, and it shouldn't even be close. Let's look at IBKR data for highest costs to borrow. + +Hang on. Let me just find GME on the list real quick. Wait... It's not there. They have a list of the 15 highest borrow fees, and GME isn't even on it. So I guess we can take a look at the rate on iborrowdesk, which also uses IBKR data. + +**The cost to borrow GME is 1.0% interest.** For anyone paying attention lately, it's been 1.0% for weeks. The demand to borrow goes up, the price of the stock goes up, the supply should be going down, yet the price remains about as low as it can get. + +But it's in IBKRs best interest to get as much money from fees as they can, which is a lot given how much demand there is to short GME. So what gives? + +**I think IBKR and other brokers are keeping the borrow fees for GME artificially low to help SHFs stave off margin calls**. The interest is due on a regular basis - so increasing the borrow fees would likey put SHFs in a margin call. They wouldn't be able to make the higher interest payments, so it would force them into liquidation, and that would be it. + +Thomas Peterffy, the CEO of IBKR, admitted in January and again in February that IBKR had enough liquidity to meet the increased capital requirements, but chose to stop trading on GME anyways to "keep the price from going into the thousands". So it's well documented that Thomas Peterffy will do something that isn't in his best interest to help hedge funds remain solvent. I think that is what's happening here. There is no reason to not charge astronomical borrow fees on GME unless you knew doing so would set off the MOASS. + +If I am right, the squeeze will still happen. This is just buying themselves some more time, one day at a time. In the end, we are inevitable. + +Buy Gamestop. Hold Gamestop. Vote for Gamestop. Shop at Gamestop. + +Ape together stronk. +I started learning about forex about 16 months ago from a co worker. I downloaded the trading view and meta trader apps, made a demo account, watched some YouTube videos, and started trading. + +I would probably spend 2 hours a day looking at charts for the first year, mostly learning from trial and error and have be able to kind of break even through these 16 months. + +I’ll have a week where I win every trade, then a week where I lose repeatedly. (Trading a small live account now) + +For the past 6 weeks, I’ve started to take it a lot more serious and spend about 6 hours a day reading free training courses and looking for set ups on charts. Since I was trading in my own for a year, im understanding and absorbing everything I read about trading and it no longer seems like a foreign language. + +In these past 6 weeks I’ve reached a new level of understanding and have been working on building a price action trading strategy using the daily chart to find trends and set ups and using the 4H and 1H to find entries by analyzing candle sticks. + +I’m basically trying to trade breakouts, and trend continuations by entering on the pullback or retracement . Also trying to develop a strategy for ranging markets but entering at the bottom or top of a range in the direction of the overall trend. + +One day I feel like I know what I’m doing, other days I get extremely discouraged and feel like I’ll never succeed. + +My plan is to just keep reading and learning and practicing. I feel like if I spend this much time each day grinding, it’s only a matter of time before I succeed. But still, it gets really discouraging at times. + +So with only a year and 4 months under my belt, I’ve learned a bunch. But still not where I need to be to trade with confidence. + +I’m really trying to set a strict set of rules and ONLY follow those rules without straying but trading psychology is tough to master. + +How long did it take you to become a confident, consistent trader? What tips to you have for new traders who feel discouraged at times? +The million dollar questiion. + +I know I have a winning strategy based on backtesting. + +However I can't seem to follow my plan during live trading because of emotions. I'm always doing stupid stuff like widening stops/taking profits early, adding to losers etc. All which I didn't do during backtesting. + +I know why I'm failing but I can't seem to stop these habits. + + +For those that were in a similar situation, what did you do to overcome these stupid mistakes? +Here is the [github link](https://github.com/uniVocity/univocity-trader/blob/master/README.md). + +This framework aims to allow anyone who can code a bit to build and test a strategy then run a trading robot. It's meant to be easy to get started and comes with common capabilities as managing a candlestick database and emailing you every time a trade is made . + +Right now there is out-of-the-box support for Binance if anyone here is interested in crypto, but I built this to be extensible: implement 2 interfaces to integrate with another exchange or broker to trade stocks, forex or whatever instrument you want to trade. This is code you'd have to write regardless – e.g. to submit a buy order, or update your trading account balance. + +It allows building strategies that combine signals from different time intervals and comes with some known technical indicators, and one I created called DirectionIndicator, which uses linear regression to predict what the next value in a sequence will be, so you can try to anticipate the direction of prices/indicators. + +The readme shows a few examples and I hope you guys find it useful. + +Please contribute if you can: suggestions, bugs or code are welcome. I plan to add way more indicators there over time, so if you have a list let me know and I'll give priority to them. +Hi there, my name is Harrison and I frequently do Python programming tutorials on [PythonProgramming.net](https://pythonprogramming.net) and [YouTube.com/sentdex](https://www.youtube.com/user/sentdex). All tutorials are free in both text and video forms. + +The latest series that I have put out is [Python for Finance](https://pythonprogramming.net/getting-stock-prices-python-programming-for-finance/). The aim of this series is to show what can be done with Python in the field of finance and algorithmic trading using data science (spoiler alert: a lot!). + +Even though you probably aren’t going to get rich, you might save yourself a lot of money (when you back test your silly trading idea and realize it’s bad), and you’ll learn about statistics and data science with Python along the way. + +I start the series off with a simplistic introduction to using Python+[Pandas](https://pythonprogramming.net/data-analysis-python-pandas-tutorial-introduction/)+[Matplotlib](https://pythonprogramming.net/matplotlib-intro-tutorial/) to get stock data, visualize stock data, and to manipulate this data. + +From here, we get into Quantopian, which is a Python-based platform built on top of the Zipline library for back-testing, but has since expanded out to enable quite a bit more than that. + +We use Quantopian both for simplistic back testing, but also for doing research into future trading strategies, since Quantopian also provides a bunch of free data like minute pricing data, fundamentals along with tools like [Alphalens](https://github.com/quantopian/alphalens) for analyzing various factors that you believe to be beneficial to a trading strategy. + +If you would like to check it out, the series starts here: +[Python for Finance introduction](https://pythonprogramming.net/getting-stock-prices-python-programming-for-finance/) + +If you are already familiar with Pandas and want to jump straight into the strategies and using Quantopian for back-testing and research: +[Algorithmic trading and research with Quantopian](https://pythonprogramming.net/quantopian-trading-strategies-introduction-python-programming-for-finance/) + +If you have any questions, requests, or suggestions, feel free to ask here or on the respective tutorials. +Hey options traders, + +Looking at next week's earnings (July 27-July31), my scanner (Market Cap>$10bln, avg. Vol>$2m, price>$30, and all sectors excluding pharma) resulted in 34 stocks after eliminating stocks with repetitive and large open gaps. + +**Options Strategies** +Iron Condor (Defined risk)Put Credit Spreads (Defined risk) + +**Expected Price Movement** +My expected move for each stock reflects the theoretical worst-case scenario and is a result of analyzing the following: + +1. Previous earnings' movements. +2. Price gaps (Daily chart). +3. EPS estimates vs, historical. +4. Other analysts' expectations. +5. Major support and resistance levels. + +**The approach** + +1. Open right before earnings (Capture IV), and close after the announcement (IV crush). Most of the trades will be weeklies with rare cases of longer expirations depending on the premiums. +2. In case the stock doesn't make a big move, I might hold the position for a couple more days or let it expire worthless. +3. The profit per trade can be low but so is the risk associated with the trade. +4. The defined max loss can be high but so is the probability of expiring OTM. + +Note: A considerable amount of work is put in creating this sheet. Nevertheless, trade at your own risk. + +**Sheet Updates** + +1. Added "Start Here" tab with some useful info. +2. Added "All Trades" tab to check all open and closed trades. +3. Changed the theme. + +If you'd like to be notified once new sheets are available, send me your email via a private message. + +**Here's the sheet:** +[https://docs.google.com/spreadsheets/d/1ZdLkDEgavPCanDlyr9E92sLYatvxTE3ukQJDhtYwGvo/edit?usp=sharing](https://docs.google.com/spreadsheets/d/1ZdLkDEgavPCanDlyr9E92sLYatvxTE3ukQJDhtYwGvo/edit?usp=sharing) +https://tezos.ch/pages/contribution-terms.html + +Paragraph 3. Here is a screenshot in case they change it: http://i.imgur.com/8Q4lQyn.png + + +You give them money and they do not have to give you anything in return upon launch. + +edit: Screwed the title up, should be XTZ +Hey guys, + +#TO CLARIFY: This is a Black Swan event, not the norm. + +- I did - I lost about 10% of my (fairly large) portfolio. + +- One friend lost about 20% of a WAY larger portfolio. + +- Another friend lost 100%. I truly feel for him, if only one person that I know could be spared it would be him. + +We can all hang out and talk about it. + +Times like these will make you remember what is most important in life. God is good. + +Cheers, + +Anthony +Just a reminder earning growth is negative. I’m not sure why I keep seeing reports about strong earnings but negative earnings growth is anything but strong. +*This post is for education purposes only. Not financial advice.* + +**TL;DR-** + +* Operational shorting allows for 5 business days of ETF FTDs before the T+35 timer starts +* Stock can be shorted through an ETF by going short on the ETF, breaking it apart, and buy-to-cover the underlying (outside of the stock you want to short) back into the market +* GME's negative beta comes from the ETF FTDs + +&#x200B; + +For the last few weeks I’ve been looking into ETF FTDs to figure out the details. There’s a lot going on. This post will be mostly informational. If you already know about certain topics, feel free to skip over the section. + +&#x200B; + +# Preface + +I’ve gotten a lot of good information about ETFs using this video: [https://www.youtube.com/watch?v=ncq35zrFCAg](https://www.youtube.com/watch?v=ncq35zrFCAg) + +&#x200B; + +# Operational Shorting + +Market Makers are allowed to fail-to-deliver ETF shares and hold them as failures for three extra days in the name of liquidity! It is due to a market maker exception allowing this. The way this looks is: (a) trade date, (b) becomes a FTD on T+2, (c) allowed T+3 more days of holding it as an FTD, (d) cover the FTD on the sixth day (in our case, opening puts to delay T+35 more days). + +[MM’s are allowed to keep FTDs open for a few extra days.](https://preview.redd.it/3khunklh8s971.png?width=632&format=png&auto=webp&s=af873b5aab526ee1bb885794851a208312d437ce) + +***Important Note:*** In the video he mentions T+6 a lot, but in the footnote of his paper he points out the rule is actually T+5, but they collected all of their data before the rule was changed. So they presented it with T+6 still. + +They don’t HAVE to keep it open for the extra days, but they often do. Looking at the weighted ETF FTD heatmap, you will see groups of 2-3 days showing this exact thing. + +&#x200B; + +[The darker green signifies a higher weighted amount of FTDs within the ETF.](https://preview.redd.it/m2se9inm8s971.png?width=1328&format=png&auto=webp&s=230da391dd110850c884d027b0f21fba91e9870f) + +&#x200B; + +&#x200B; + +# How to short a stock through an ETF + +Authorized Participants (AP) have the ability to create and break apart the ETFs (watch the twinkie example from the video for a simple explanation. Twinkie example starts here: [https://youtu.be/ncq35zrFCAg?t=540](https://youtu.be/ncq35zrFCAg?t=540) ) The ETFs can only be broken apart or created in groups, called creation units. + +If an AP borrows ETF shares and pays a small fee, they can break groups of ETF shares into all the individual underlying stock. They then buy all of the underlying stock back from the market EXCEPT for the stock they want to short. This creates a short position through the ETF. After a few days (+ another 34 days if they open puts), they’ll need to buy back the underlying stock, create the ETF shares, and return them. + +Here is a graph showing the day-to-day number of shares in existence of the three GME ETF’s with the most FTDs. + +[XRT and IWM shares outstanding drop at the end of January while XSVM is steadily climbing over time.](https://preview.redd.it/85e90mur8s971.png?width=892&format=png&auto=webp&s=e7ba654d253bc83d1b8536d332860ad31496da54) + +*\*\*\** + +***Side note:*** *Today is the first day I noticed XSVM has been steadily climbing in the number of shares outstanding. It makes me wonder if this is normal or if SHFs are hiding their FTDs into XSVM as time passes. There is a huge spike in XSVM shares outstanding around 6/16-6/21, which we don’t have FTD data for yet. But the last time it did something like that was 12/18-12/21 which happens to be 35 days before 1/22. 35 days following 6/21 would be 7/23. Not going to lie, this seems pretty important… but I must continue with this post. Maybe I can circle back around and look into this on a different post.* + +\*\*\* + +# Short Sale Restricted and ETFs + +When GME drops 10% during regular trading hours compared to the closing price of the day before, it goes on Short Sale Restricted for the rest of the day and the next day. When this happens, SHFs can’t short GME directly so they short it through the ETFs. + +Here is a chart of the ETFs weighted by the GME weighting within the ETF as of the beginning of June. I didn’t adjust the weights over time, but hopefully this should get pretty close. Ignore the units, just look at the relative sizes. + +[FTDs counts from the more shorted ETFs](https://preview.redd.it/w432hjy19s971.png?width=891&format=png&auto=webp&s=40c53affede24ce37ddf8acc8beab9288a475272) + +And here is the same chart with SSR days marked in green. + +&#x200B; + +[Green boxes around SSR periods.](https://preview.redd.it/4n9yk0w59s971.png?width=891&format=png&auto=webp&s=cf08aace6c62a10bad5ee76b5677938ab1d1e798) + +This chart is a little confusing and not super obvious, but the important part is that ETF FTDs go up after a 5 day delay due to operational shorting. + +# What happens after FTDs jump on ETFs? + +It gets taken care of the same way as I explained in my original T+35 theory DD. + +[T+35 is the one true "cycle"](https://www.reddit.com/r/Superstonk/comments/o155a6/t35_is_the_one_true_cycle_evidence_to_back_my/) + +The difference is that GME FTDs start the 34 timer when they show up as FTDs while ETF FTDs don’t start the 34 day timer until they get cleared. + +[Start the 34 day countdown on the day the ETF’s FTDs drop.](https://preview.redd.it/sz0zqklj9s971.png?width=834&format=png&auto=webp&s=52cfa8213e6485da19e0097bb9b25398438f9a32) + +&#x200B; + +But let’s continue with my old T+35 DD and first let’s double check that puts are being opened. I’m only going to show one example, but this can be done on other days too. Here is XRT. FTDs stack up from 1/28 and 1/29. On 2/1, 2/3 and 2/4 the FTDs drop. + +&#x200B; + +[Three different days where a lot of FTDs are “cleared”.](https://preview.redd.it/6jb1s8hq9s971.png?width=716&format=png&auto=webp&s=e655d9fc9cf2e9f8e5e6fe033d710e95275c7160) + +&#x200B; + +So let's look for puts. They are almost always on the first monthly expiration that is more than 35 DTE. In this case, March 19, 2021. + +&#x200B; + +[ Puts opened on Feb 1](https://preview.redd.it/28vugmmy9s971.png?width=1565&format=png&auto=webp&s=8193d13ea0b56f48545d073178a9913db2ff23ca) + +[ Puts on Feb 4](https://preview.redd.it/va7x74dz9s971.png?width=892&format=png&auto=webp&s=a969728ad8de054dcbff09ef55380d9b52bd4b76) + +&#x200B; + +# T+35 and ETF FTDs + +Now that puts have been confirmed to be opened, it's time to check out what XRT does after 34 days. If the puts for XRT are opened from Feb 1 to Feb 4, then T+35 would give the 34 day cover to be 3/5 to 3/10. + +[T+35 of ETF FTD leads to a jump](https://preview.redd.it/ow9v8ny8as971.png?width=939&format=png&auto=webp&s=2785b90b52103276ef518bf21f2aea5454bf8324) + +&#x200B; + +Cool, the good ol' T+35 jump. And we all know what happened to GME during those times. But let’s look at another stock that’s in the XRT ETF. It doesn’t seem to move. + +&#x200B; + +[It doesn’t move.](https://preview.redd.it/6gopjc3fas971.png?width=994&format=png&auto=webp&s=0571b6e71700273bad93164bf325f14536895e4e) + +&#x200B; + +And this has been the hardest part of tracking ETFs. The underlying doesn’t always behave how you would expect. Some underlying does move with XRT during these times, some moves opposite of it. + +&#x200B; + +Also, interestingly enough, you can find 35 day gaps on the XRT Shares Outstanding graph. + +https://preview.redd.it/pqhiopyqas971.png?width=889&format=png&auto=webp&s=28c98f3e1c1a431a66436e07d1a3f79ce6bfa5c9 + +My guess is that SHFs short the ETF. Then FTDs come due, GME goes up, and they re-short the ETFs to control it again. + +&#x200B; + +# Underlying vs ETF + +Which leads me to some helpful tips when looking at this stuff: + +* If the ETF goes up, but the underlying stays the same: The ETF is being bought to break apart and the underlying is sold back to the market. +* If the ETF drops, but the underlying stays the same: The underlying is being bought up, created into ETF shares, and the ETFs are being sold back into the market. +* If ETF goes down and the underlying goes down, the market is just dropping or the ETF is being shorted along with that particular underlying stock. +* If the ETF goes up and the underlying goes up, the market is going up in general. + +It doesn’t always follow this, but you have to remember that ETFs are bought and sold like shares. So when the ETF and the underlying differ by a significant margin, then there’s probably something creation/destroying related that is happening. + +&#x200B; + +# Negative Beta + +At this point it is well known that GME has a strong negative beta. I believe this ETF stuff is the reason why. The negative beta posts started showing up around February/March and that’s when the effects of ETF FTDs started coming into play. That’s also when the price and volume disconnected. + +When GME is going up, ETFs get shorted and the price of a lot of underlying stock will drop or stay flat leading to SPY to drop. When GME’s ETF FTD’s get covered, the ETF drops, but the underlying rises leading to SPY to rise. + +Let’s look at one last chart. I *attempted to* line up the ETF FTDs with their T+35 cover dates on SPY. + +[ETF FTDs with their T+35 dates on SPY. ](https://preview.redd.it/9qszoed8bs971.png?width=987&format=png&auto=webp&s=cb2643e327fa06c591673f59a23ff4f9301396ff) + +ETF FTDs line up with rises in SPY. Pretty cool, eh? + +&#x200B; + +# Bonus Material #1 + +An ape by the name of u/isnisse messaged me with something about T+42. At first, I didn’t think much of it. Then it clicked… T+5 from operational shorting into T+35 from puts, leads to just about 42 calendar days. They did some analysis to show correlation with GME’s price and 42 days. I think what they actually picked up here was the ETF FTD cycles. Here is the post: + +[https://www.reddit.com/r/Superstonk/comments/oa2ks6/t42\_is\_likely\_the\_new\_black/](https://www.reddit.com/r/Superstonk/comments/oa2ks6/t42_is_likely_the_new_black/) + +# Bonus Material #2 + +Another ape by the name of u/BurningMist plotted cumulative FTD value vs GME stock price. I have no idea what it means, but I figured I’d let people see it for themselves. Could this mean that the only price movements we see are based on FTDs? And retail has 0 effect because all our orders run through Dark Pools? I don’t know. Here's his message with imgur links to the graphs. + +&#x200B; + +>There also seems to be a relation with the cumulative GME FTD notional value and the daily low price 35 days later. I summed up the $ value of all cumulative GME FTDS from 12/1/20 until 6/15/21 and if you plot that vs the log price 35 days later you get [this](https://i.imgur.com/Gjyp5Rk.png). I also made another trendline from 1-4-21 to 6-15-21 and got [this](https://i.imgur.com/rMJhUDe.png). +> +>I've been running on the exponential increase assumption before now but using T+35 instead follows the price closer than an exponential increase over time has been able to. I used that slope and intercept from the 1-4-21 graph to predict the GME log10 price 35 days later and then plotted it with the trendline of the GME log10 price over time in this [graph](https://i.imgur.com/KwSlhTZ.png). I used an average increase of $5,500,000 per day after 7-18-21 to project until 9-1-21. Not exactly sure why the cumulative GME FTD $ follows the price 35 days later but thought I would share. + +&#x200B; + +[GME’s price plotted against cumulative FTD notional value](https://preview.redd.it/9w08xnpzbs971.png?width=1766&format=png&auto=webp&s=4e80f7d033a49b1945c4497ba2a6a84681a1498c) + +&#x200B; + +\---------------------- + +&#x200B; + +Alright that’s all I got for today! If you want to get a hold of me, tag me in a comment. + +&#x200B; + +**EDIT 1:** Originally I was saying break the shorted ETF and "sell" the underlying back to the market. But some people have corrected me in the comments. They actually buy to cover the underlying they don't want to short. + +&#x200B; + +pce\~\~ + +\- u/dentisttft + +&#x200B; + +My Twitter has some random daily thoughts/price predictions that don’t require a full post. + +[https://twitter.com/dentisttft](https://twitter.com/dentisttft) + +&#x200B; + +*PS. I’d love to look into the XSVM stuff more, but if someone wants to get to it before me then go ahead. I have one more post planned for this next week that pulls everything I’ve been posting about together. I personally think the MOASS is right around the corner and I’m going to do my best to prove why that’s the case.* + +*Oh yeah, XRT has been on the threshold list for a while now. I don’t know if that means anything. It hasn’t so far… but I’m sure it will come into play eventually.* +I’m very happy in my current job, in terms of the work, I enjoy my colleagues, the environment is good, they provide great career development opportunities, excellent work life balance, nice pension etc… + +The only thing that isn’t so great is the salary, it’s so big and bureaucratic that getting salary increases is difficult, and the pay bands haven’t been updated in years. + +The end result is that I could probably get another 30k doing the same work in a different org. Currently I’m on 50k, so that would be a decent jump for me. + +But enjoying everything else about the job, especially the work life balance (finish at 4pm on the dot, no weekend working), makes me weary about leaving. Would I find such great terms elsewhere. + +But ultimately, everyone has a price, so I’m curious, how would you make that kind of decision? +I posted previously about HOGE 3 days ago: https://old.reddit.com/r/CryptoMoonShots/comments/lrc12a/hoge_has_great_potential_both_short_long_term/ + +We've gained about 100 holders since then, and the dev team has been working hard to turn the roadmap into reality. Some great news this week as we continue to grow the community gives this coin some real moonshot potential: + +# News + +- Brand new website just launched and looks amazing! https://hoge.finance + +- Whitepaper is out: https://hoge.finance/documents/hoge_whitepaper_compressed.pdf + +- The first exchange listing (on Whitebit exchange) is fully funded. HOGE should be available for trading in the coming week! + +- The genesis print of Non-Fungible Tokens for the Hoge community will be available to those who have wallets holding Hoge **before** the WhiteBit listing. The printing event will happen sometime **after** the listing, in the coming weeks. The NFTs look really cool, and if HOGE does actually moon, these 1st edition ones may become quite valuable. + +- Community keeps generating great content. See this video for example: https://m.youtube.com/watch?v=iihqp_YJ0h8 + +- We've had a handful of #dogearmy accounts and two blue checks like/retweet HOGE on Twitter, so HOGE is gaining traction! + +# Past highlights + +- HOGE is listed on CMC, Blockfolio and Coinbase + +- Devs did an AMA with Satoshi Club. Recap here: https://esatoshi.club/hoge-finance-x-satoshi-club-ama-recap-from-23th-of-february/ + +- Liquidity lock + no whales make this impossible to rugpull. + +- Uniswap liquidity is locked for 4 months (https://unicrypt.network/amm/uni/pair/0x7fd1de95fc975fbbd8be260525758549ec477960) + +- No dev / team wallets. All devs bought HOGE like everyone else, and there are only 3 wallets with 1% out of 1400 holders. The Whitebit exchange listing cost $15,000, which was financed 100% through community donations. See the holder list here: https://etherscan.io/token/0xfad45e47083e4607302aa43c65fb3106f1cd7607#balances + +Subreddits: /r/hogefinance (main), /r/hogecoin, /r/hoge + +Telegram: t.me/hogefinance (it's really a great community, you're welcome to join!) + +My position: ~1 ETH / 1.x billion HOGEs. +Google has answered this with a resounding yes, but that honestly makes me more suspicious and confused. +1) Will this negatively affect my taxes or tax return? +2) With society and the earth as they are now, and the future so up in the air, is it really worth it? +I have a parent (63 years old) who has absolutely no savings, assets, home, vehicles etc. and is expecting a $1200 Social security stipend in 3 years at full retirementage. He currently works and makes more than that, but not by much and is just getting by. He lives with a sibling who is also low income and they share expenses. Rent is $600/mo, Low cost of living area. Both have health problems and my Dad probably won't be able to work much longer. He's a diabetic and has Medicaid. His brother/roommate is 60 and has what we believe to be aspergers but is very reluctant to get diagnosis, or any intervention at all. I'm not sure how to best help them financially survive the transition to an even more limited income once they stopworking. Should I help them apply for assistance, plan for them to move in with me (not sure I have the space) or something else? Thanks in advance! +This is an update to [this post](https://www.reddit.com/r/personalfinance/comments/vekkvw/someone_used_my_phone_to_venmo_himself_money_from/) that I posted here about 10 days ago. After I realized I was scammed, I filed disputes with both my bank and Venmo. I got an email this morning from my bank saying that their investigation concluded in my favor and that Venmo has credited back the $2,000 that the scammer transferred out of my Venmo/bank account. I checked my bank acct right after I got the email, and sure enough, the money is back in my account. I also checked my Venmo account, which also showed that the dispute was resolved in my favor and the money was credited back. This is important because I read that if the bank decides to unilaterally reverse a transaction and take money back from Venmo, Venmo might decide that I owe them money and might even send the "debt" to debt collectors. + +After posting the initial post, I had very little hope that the outcome would be in my favor because so many people commented that Venmo absolutely would not do anything about it -- After all, I did voluntarily hand my phone to a complete stranger and I did not secure my Venmo app with a pin code/face ID (even though I still maintain that I did set a pin code/face id at some point, but somehow it was disabled). + +In addition to filing disputes, I also went to the police department to file a police report, and I sent a copy of the police report to my bank. I don't know if this police report contributed to the positive outcome, but in any case, I am glad that I did. +Palantir's demo day is on Jan 26th. They will be showcasing Apollo, Foundry, and Gotham. TLDR: they've developed skynet but it's not evil (yet). + +Went in with 28c 3/19 which is down about 30% now, and considering doubling down if it goes lower. The CEO has crazy hair and lives in a tree house. Hoping the power of memes allows me to retire early. Good or bad move? +Hi Apes, +I really appreciate the community and I am excited about how new information about wall street keeps rolling out. + +In response to another apes post I contacted the DOJ regarding spoofing and general corruption. - +"General Topic: Wall street corruption. + +To whom it may concern. I keep reading on the internet about the latest ways that wall street is screwing over the little guy. They seem to have a system designed to bleed money out of people so they can keep it. + +Trading in dark pools=taking your money and giving you nothing in return. Most people think your stock purchase would create buy pressure on the open market and drive the price up. But it doesn't. Market Makers like Citadel just internalize the trade. I highly suspect that for a large percentage of the time they never buy your stock- they just take your money. + +Why is it that in the 21st century there is not complete transparency in the stock market?- (i.e. live streamed totals of the stock sold vs float- live streamed totals of open short positions etc. ) --Because the players don't want that because it would make crime harder. + +These Market Makers consider SEC fines as a small business expense while they bleed America dry. Seriously- how much greater would this country be if wall street wasn't skimming wealth off the people who actually work. + +How about spoofing. They do it all the time...and they're still in business. (I inserted the youtube link to spoofing video here) +In 2008 Wall Street wrapped up toxic debt in a nice package and sold it into poor peoples pension funds etc. When the recession hit, taxpayers gave these bankers a big bonus for their poor performance. Now they're back at their old tricks. They belong in jail. Please make it happen." + +Don't copy and paste- write your own. It will hit harder. +I have some interesting findings from the 180 day chart... I know this isn't anything new, and cycles have been examined before... but the last 180 days has been nuts and Im trying to lay it all down... + +[GME 180 day chart.](https://preview.redd.it/up0vnr6164r81.png?width=1253&format=png&auto=webp&s=3334c8843089dc86b6f5ffd223ed3385b4360e39) + +[1 Full Cycle](https://preview.redd.it/1apfvmd864r81.png?width=323&format=png&auto=webp&s=169475e5aa84b9dcd0d4f575e34f9ad3bdc8e56b) + +[We are going to look at the 4 cycles more closely... ](https://preview.redd.it/lqskzwmp64r81.png?width=1251&format=png&auto=webp&s=550c3193e506e03f2362e3147504ec024daa9fa5) + +I chose to start the cycle at the big candle, and end at the next big candle. + +**Cycle 1 - 08/24/2021 - 11-21-2021** + +https://preview.redd.it/6cf9ehthd4r81.png?width=551&format=png&auto=webp&s=73bac74ab5817aa9520c14d270e998231233c060 + +[The Large Green Candle is 08\/24\/2021](https://preview.redd.it/96nxddlf74r81.png?width=1151&format=png&auto=webp&s=add0bea7ab7c492ab689066eb5d5641cb5f61827) + +[Beginning of Cycle 1](https://preview.redd.it/6ev8dhdd84r81.png?width=1295&format=png&auto=webp&s=0603ff8ef13749ace56168112b5fc6f269fdbb74) + +If you look at bottom. The First BIG blue Volume Candle is the start of the Cycle... + +**Cycle 2 - 11/03/2021 - 01/06/2022** + +&#x200B; + +https://preview.redd.it/0i56syzoh4r81.png?width=369&format=png&auto=webp&s=75bde11d5d9d2150e5f6d33befc78588fd6944c8 + +[Beginning of Cycle 2, Confirmed by the big blue candle... ](https://preview.redd.it/kn3vf56094r81.png?width=1289&format=png&auto=webp&s=fab35ad07ee8c445db9f4316f96b423b4b134005) + +**Cycle 3 - 01/06/2022 - 03/22/2022** + +https://preview.redd.it/ja405tq0e4r81.png?width=706&format=png&auto=webp&s=c8c7cf4672ea5876020284525f330a2f7caa20e0 + +[Same as the others, heavier volume at the beginning. ](https://preview.redd.it/7k6696i2a4r81.png?width=1266&format=png&auto=webp&s=550c6f41110646a26213767a7a65261d162e52ed) + +**Cycle 4 - 03/22/2022 - Now... We are in it...** + +https://preview.redd.it/hci8tt78e4r81.png?width=549&format=png&auto=webp&s=3234aed7df3eca695ba3d42ba16c114396ce4f80 + +[Cycle 4 starts with heavier volume.... ](https://preview.redd.it/mtm9oku9a4r81.png?width=483&format=png&auto=webp&s=f3763c8a4960de72eb516044e5c158e4c40c57e4) + +&#x200B; + +[Volume increased heavily in Cycle 4.... ](https://preview.redd.it/3t3bbh3wa4r81.png?width=1283&format=png&auto=webp&s=45a905664e66979899eb604bbabefca3045167b1) + +**The cycles clearly align with GME Announcements.... The new cycle is where the Algo has to let the stock rise to release pressure. It seems that these cycles align perfectly with GME news announcements...** + +This way it doesn't look as SUS when the stock rips up $40, then crashes down the next day. The ALGO is doing it... all of it... + +**The Volume is getting Heavier because of DRS... they have less real shares and need to wash/trade more synthetics to have the same effect.** + +**Mainstream media knows exactly whats going on, and reports in perfect sync with the ALGO and GME announcements. I believe this is enough evidence of collusion there.** the example is the yahoo dead on arrival news - the media made up news to fill a gap - + +[I do think the APES have some control over price. The last 5 days... ](https://preview.redd.it/1syxdcn6f4r81.png?width=1012&format=png&auto=webp&s=c1a33afd428b2f064cb8dd2f0fc9fb4d711545f9) + +The red line above is where you buy GME.... Any price above that line is fake. + +**TLDR: A look at the 180 day chart, shows defined cycles that align with GME announcements and MSM stories. Every 60 days or so the Algo has to relive pressure and which is why we get these run ups.** + +**DRS is making it hard for the ALGO to do fuckery... The Algo Broke on Tuesday... They averted MOASS and we wrote about it below...** + +[**https://www.reddit.com/r/Superstonk/comments/tsdbut/what\_happened\_yesterday/**](https://www.reddit.com/r/Superstonk/comments/tsdbut/what_happened_yesterday/) + +**Yesterday the options IV was gong nuts...** + +[THE IV on weekly calls was 7000&#37;.... ](https://preview.redd.it/iczqtet4g4r81.png?width=775&format=png&auto=webp&s=cb65fe3a8c23a717f8bfe12529a87b90962245d6) + +Eventually their algo is going to break. If you look at the start of cycle 4 we traded up from lows of $79 to $200. The cycles are going to get more violent and its a direct cause/effect to DRS shares. The more APES DRS the more violent the cycles get for them. + +When they turned off the buy button in 2021 GME traded from $480-$40... This time GME traded from $200ish-$160ish. The space is getting smaller and smaller.... + +https://preview.redd.it/7yag74xqg4r81.png?width=700&format=png&auto=webp&s=fc43016ee91b2cbfe142eb04d153ad6af5b22ef3 + +Eventually DRS will destroy the shorts and transfer tendies to APES... the more APES DRS the more violent the cycles become. Apes won on Tuesday and they cheated.. hit the reset button before they were going to die. + +Turning off the Algo doesn't solve anything... only makes it worse... At some point this bitch is 100% going to blow... **DRS is how apes win. Hedgies have to let the stock go up every 60 days - the volume is so tight they can move it up $40 on not much at all, the next day they sell those same share back - thats why we were flat on friday -** + +&#x200B; + +[The pump and dump we just experienced \^\^\^](https://preview.redd.it/02jo800mi4r81.png?width=605&format=png&auto=webp&s=64e3ff43adb0fc10f0719e8a083e1916e167d856) + +IF APES KEEP DRS'ing the ALGO will break again.... It could be next week or when Cycle 5 starts but these hedgie fucks are gasping for air.... I just don't see them escaping the start of cycle 5 but it could be sooner - +Context: I work in Vegas on the strip in one of the hotels as an front desk agent (the person you come to yell at when it's not perfect). +Today, I had a guest who was wearing the gorilla foundation shirt. +I gave him the grin and the casual "so, you still holding?" +Best 10 minute conversation I've had in a while. + +Dude got a comped upgrade and extremely early check in. +Look out for your fellow apes 🦍🦍💎✋ + +See you on the moon my friend! + +P.s. this topic seems to be really catching on. I wanna hear more "apes in the wild" stories! +Tag me and I'll repost 😊 + +Edit: Thank you all for the awards and comments, the love is felt! +Welcome to the Daily General Discussion thread of /r/EthTrader. + +*** + +Thread guidelines: + +- Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss altcoins in the Daily Altcoin Discussion thread. +- All [sub rules](https://www.reddit.com/r/ethtrader/about/rules/) apply here so please be familiar with them. + +*** + + Resources and other information: + +* Find the latest Altcoin Discussion thread in [this search listing](https://www.reddit.com/r/ethtrader/search?q=author%3Aautomoderator+title%3Aaltcoin&include_over_18=on&sort=new&t=all). + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! + +“What if I told you that both the Gates and Bezos Divorces are nothing more than covers to allow each to liquidate large amounts of stock at the peak of a multi-decade asset market top without raising suspicion?” + +Conspiracy? Yes. Possible? Yes. + +Lou Pai (CEO of Enron) divorced his wife and the court made him sell his stock so he made out with over 250m unlike his buddies. + +What do you think this signals for the stock market? + +Edit: To fuel the conspiracy (as said in the comments) *It’s not insider trading if it’s court ordered.* + +Positions: pltr 2022/23 leaps +Watching UVXY leaps +I placed an online order for in store pick up for like $500. In error, they placed a bunch of around $500-ish holds on my CC until the card was full. I tried to pay off the about $300 balance that was on the card already, but lowes immediately put another hold on there. The CC company says there's nothing they can do because the transactions aren't completed. They report that they are 7 day holds. Lowes says they're looking into it, but that if I want to pick up my stuff I need to pay them in a different way. + +So I'm sitting here with with CC with a $0 blanace that I can't use for potentially 7 days. I also have a couple bills about to go through on this card. I'm facing fees in multiple directions. Is Lowes responsible? Is there anything I can do about it? + +Edit: Thanx everyone. Looks like Lowes.com might do this a lot. So buyers beware. +# Daily Wrinkle Brain Think Tank + +Please keep this daily discussion limited to the stocks and $GME - i.e. stock movements, sharing information, peer review, news sharing, asking/answering questions, and so on. + +*Please talk to each other so that people know to take the discussion to the other chat for daily off-topic discussion, and report comments that may need moderator attention. We will make attempts to politely redirect discussion, but will moderate further if necessary.* + +# Want to learn more? [Check out our extensive Wiki](https://www.reddit.com/r/Superstonk/wiki/index) and [FAQ](https://www.reddit.com/r/Superstonk/wiki/index/faq) + +If you see mistakes in the wiki, or need to contact moderators, [please send us a Modmail](https://www.reddit.com/message/compose?to=/r/Superstonk). + +Please review the [**Superstonk Rules**](https://www.reddit.com/r/Superstonk/wiki/index/rules) before commenting or posting on r/Superstonk. +31F getting married at the end of the year and would like to extend our time overseas by going to US for a few weeks. + +The US trip to Disneyworld and New York is extra $15k in flights, $5k in accomodation. Including spending money will likely cost $35k for this trip. + +My current travel plans (excl. US) is already budgeted around $15k for 5 weeks. Much cheaper because it’s not as far and mostly visiting family. + +I would take a big hit in savings, leaving around $10k-$15k cash in my offset. Worst case scenario I still have $70k in shares/ETF to liquidate. + +This is savings left after a big year of having bought a house, getting married and above travel. + +I’m going in hard because I haven’t travelled in over 3 years and want to start a family next year so who knows when I would have this level of freedom again. + +This post isn’t about getting critiqued on how much I’m spending, but rather how much I should have left. + +I would more appreciate if people share how much their finances have taken a hit after wedding/honeymoon. Whether it is common for most people having to build savings again. + +Thanks! +Found [this article](http://www.ama-assn.org/practice-management/physician-health/medicine-s-great-resignation-1-5-doctors-plan-exit-2-years) recently, and I've rarely resonated with a piece of news that much. + +Doctor here, planning to bail in 18 to 24 months. +Learning about FIRE is what kept me from burning out and what keeps me grinding for now + +Saving aggressively, investing about 60% in RE, 30% in Stocks. I'm about 8 months away from standard FIRE and about 2 years away from chubbyFIRE , then I'm planning on moving to a LCOL to increase my standard of living while cutting my expenses at the same time, for a few years at least, until the mortgage on my last rental unit is fully paid off and I can live in it if I so choose. + +I can't possibly go on like this until my 60s... and neither can many of my colleagues it seems, especially those working in specialties particulartly impacted by the surge in paperwork, post-covid workload increase, and/or that are on the frontlines of increasing incivilities coming from patients.. + +If there are other doctors or healthcare professionals here who share similar plans : r/medFIRE +The short percentage lately has been ASTRONOMICALLY high. I mean, you see numbers like 76%, 80%, 86%..... but math is strange. 89% isn't just a "little" bit higher than 80%, when it comes to this kind of calculation. It is A LOT higher. + +Let's look at some percentages. + +For the past week, it has been over 70% EVERY DAY! But what does that look like in reality? How can you quantify that in a way that the average smooth brain can understand? I've built a handy-dandy little chart to help conceptualize how this mess gets logarithmically bigger, the closer that number gets to 100%. + +&#x200B; + +https://preview.redd.it/7s9y8xsvd6z91.png?width=413&format=png&auto=webp&s=9c31a949d1249f5d58bbf820f71320a2a93eb968 + +Starting at the bottom of this chart, if 1 share is sold Long, and 1 OTHER share is sold short, then the Total is 2 shares sold. That is, a 50% Short %. Make sense? + +So, then, if 1 share is sold long, but TWO shares are sold short, it jumps to 67% Short. That's a big jump! But things slow down in terms of Short % growth very quickly, and it takes a ton more shares to move the percentage up the chain. To get to 80%, you would need 4 shares sold Short for every 1 share sold long. + +And finally... to get to 90% Short, you would need 9 shares sold Short for every 1 long. After that, things just get ridiculous, as it rapidly skyrockets to 32 shares for every 1 share sold long to reach 97% + +# So, why is all of this important, or even relevant? + +If we look at the percentages PER EXCHANGE, then these numbers become even more obvious: + +So, on the 9th (today), CBOE BYX sold 87.25% of all GME shares as Shorts. Let's check the handy-dandy chart to help us conceptualize what that would be... that's slightly over 6 shares sold short for every ONE share sold long. And the crazy part is that this is a MILD number (by exhchange) for some of these numbers lately. Some of these guys reported 100% short!!! Yes... EVERY DAMN SHARE was a short sale. + +&#x200B; + +https://preview.redd.it/dbh9vt6yd6z91.png?width=1074&format=png&auto=webp&s=b0f33838f1a50d23b50d3b1ce8297ce1c68090b9 + +Now, percentages also hide a mathematical concept of SCALE. That is, 87% of 100 is ... well... 87. But 87% of 100,000 is 87,000. Both numbers appear to be 87%, but the numbers under the hood are far different. So, to give it scale, we need to know 87% ***of what?*** + +&#x200B; + +https://preview.redd.it/qp9oe2kzd6z91.png?width=1164&format=png&auto=webp&s=851f325c1af35cb24e52435623511c3887267a7a + +For the same highlighted items in percents, I've also highlighted the volumes so that we can see the scale of each of these. The 100% entry was only 2,300 shares (HAH! "ONLY" $50,000). But it's important to note that some of these are 200,000 and up! CBOE EDGX yesterday had 421,299 shares sold short, which was 80.65% of it's total GME volume. To put that in perspective, for every 1 share sold long through that one exchange, FOUR others were sold short..... up to 421,000 shares. + +421,299 / 4 = 105,324 .. so roughly 421,000 shares were sold short, and only 105,000 shares were sold long at just that one exchange on that one day, just to keep the price moving. + +No wonder the price wants to slide downward.... they are FLOODING certain markets (specifically NYSE, which is GME's home market) at 94%/95%.... that is, for every 1 long, ***19*** ***OTHER*** ***SHARES*** are borrowed and sold short!! That's INSANE to me. + +The good news is this: + +ALL THESE SHORTS MEAN THAT SOMEONE IS GOING TO HAVE TO BUY BACK THEIR BORROWS AT SOME POINT. They just keep digging this hole deeper. + +So I'm going to keep holding. NFA, but hopefully you see why I am so bullish on this stock, still. + +# Update: + +To all those that constantly say the math is off because this is not how you calculate Short Interest... + +I will say this again, for those that haven't read my previous posts. We public members CANNOT calculate the true short interest. It is not possible because of the numbers shell game that the market sits atop. + +# This. Is. Not. A. Short. Interest. Calculation. + +This is simply a calculation that shows exactly what I said: short percent on the day. + +To that note, it is a very simple calculation, so if it is wrong feel free to say how. Here is the calculation I am using, per the industry definitions: + +Short volume : the number of trades marked short on the day. + +Long volume : the number of trades NOT marked short on the day. + +Total volume : the total trades on the day. + +Short% = Short Volume / Total Volume + +What is difficult about this???? +Welcome to the Daily General Discussion thread of /r/EthTrader. + +*** + +Thread guidelines: + +- Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss altcoins in the Daily Altcoin Discussion thread. +- All [sub rules](https://www.reddit.com/r/ethtrader/about/rules/) apply here so please be familiar with them. + +*** + + Resources and other information: + +* Find the latest Altcoin Discussion thread in [this search listing](https://www.reddit.com/r/ethtrader/search?q=author%3Aautomoderator+title%3Aaltcoin&include_over_18=on&sort=new&t=all). + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! + +Welcome to the Daily General Discussion thread of /r/EthTrader. + +*** + +Thread guidelines: + +- Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss altcoins in the Daily Altcoin Discussion thread. +- All [sub rules](https://www.reddit.com/r/ethtrader/about/rules/) apply here so please be familiar with them. + +*** + + Resources and other information: + +* Find the latest Altcoin Discussion thread in [this search listing](https://www.reddit.com/r/ethtrader/search?q=author%3Aautomoderator+title%3Aaltcoin&include_over_18=on&sort=new&t=all). + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! + +I don't understand the concept of light, cooking gas, and heat being something that you have to be privileged or lucky to get and keep on. You shouldn't have to decide between being warm and paying for other things you need. Paying to be able to cook food or other things you need. Going to the doctor or keeping your gas/heat/lights on. Apartments shouldn't be under code to the point that it's so drafty that you have to keep the heat on. And gas companies shouldn't raise the gas bill because it's 'cold' from 0.23 cents to a dollar or close to a dollar. And what's the point of being on a payment plan when you have to pay the back money + the new bill, which can amount to the same amount you had issues with in the first place? + +EDIT: I'm not saying it should be free, but no utility bill should be 200-500 dollars because of a badly maintained apartment and they cut it off no matter what the situation (such as an elderly person who couldn't afford the entire thing and makes payments when they can.) They should not raise it because it's 'cold' and expect people on a fixed budget to accommodate because "everyone else is doing it." It's not like the internet or a phone bill; you need heat, light, and cooking gas to survive. And a person shouldn't be expected to pay an outstanding bill (or pressured into doing so even though it's illegal,) because someone has died. + +"Why not just move?" is what people ask others. Not everyone can up and move and some people are stuck with the situations they have and an outstanding gas/light bill does not help, especially since you are expected to pay the entire balance back in full before you can turn it on at the new place. +I don't understand the concept of light, cooking gas, and heat being something that you have to be privileged or lucky to get and keep on. You shouldn't have to decide between being warm and paying for other things you need. Paying to be able to cook food or other things you need. Going to the doctor or keeping your gas/heat/lights on. Apartments shouldn't be under code to the point that it's so drafty that you have to keep the heat on. And gas companies shouldn't raise the gas bill because it's 'cold' from 0.23 cents to a dollar or close to a dollar. And what's the point of being on a payment plan when you have to pay the back money + the new bill, which can amount to the same amount you had issues with in the first place? + +EDIT: I'm not saying it should be free, but no utility bill should be 200-500 dollars because of a badly maintained apartment and they cut it off no matter what the situation (such as an elderly person who couldn't afford the entire thing and makes payments when they can.) They should not raise it because it's 'cold' and expect people on a fixed budget to accommodate because "everyone else is doing it." It's not like the internet or a phone bill; you need heat, light, and cooking gas to survive. And a person shouldn't be expected to pay an outstanding bill (or pressured into doing so even though it's illegal,) because someone has died. + +"Why not just move?" is what people ask others. Not everyone can up and move and some people are stuck with the situations they have and an outstanding gas/light bill does not help, especially since you are expected to pay the entire balance back in full before you can turn it on at the new place. +After some issues with the code, that pumped the gas fees to infinity, the project had to take drastic steps to turn this boat around, and boy did they turn it around. +🚣‍♀️📈🚢 + +LOT version two with an updated code PLUS SUCCESSFULL AUDIT with Solidity finance is just about to get dropped and it attracts not only old investors and new ones alike, it is a reassurance to the awesome community that was build around the simple but ingenious tokenomics of this Coin +🔭🌚🚀🌠 + +Every Wallet is an entry to an everlasting lottery, you just have to hold at least 25 of LOT in your wallet and you are in. This number is dynamic and can be changed by devs to counter volatility. + +LOT version one‘s ath was $2.8 and we will get back there in an instant. So take a seat💺 and soar through the sky with us.✈✈✈ + +This coin is the OG Lotteryproject on BSC, everything else is but a copy of it and an unsuccessful one at that. The short amount of time that LOT was in redesign brought forth an entertaining bunch of projects (LOTTOAUTO we are looking at you) and all had one thing in common, the allure for the little man was missing, they would have ended becoming a whales game, just like Ethereums Lottery, and thus they failed right after reception… + +But LOT, like the phoenix out of the ashes rises empor to claim back its throne. And you guys can be a part of it. Just don‘t fall for a fake LOTV2 presale, that is listed on DXSALE and a fake pancake contract. (If you were put into a group that is called „LOTv2 Community“ get the fuck out immediately and flag those fuckers.) In the end those things can‘t stop this project and are truly flattering signs of success, just please don‘t fall for it. The correct contract is pinned at the bottom. + +Alright back to the money shitting elephant at hand. Cause that is what this coin is, the purest form of democracy in monetary form. Every wallet has the same chances, again1 wallet + $30 of LOT = 1 ticket, sure you can make multiple wallets to get more tickets, no problem with that. But be aware young goomba, that you will fill up the pot with every tx you do. + +And this is where things get interesting, every transaction of LOT has an automatic tax of 6% applied to it: + +🛸2% go to holders (So yeah, having all in one wallet has benefits) + + +🛸2% get burned + + +🛸2% go to the pot, that fills up till it bursts when +it reaches 0.1% of circ supply and one lucky little fucker gets it all. This mechanic is giving me wet dreams btw, how can you not be on the verge of going all in right now... + +Bare with me, some more story time. +The system had prevailed till one fateful night a failure in the code occured that made it impossible to buy/sell which became the now infamous „Blockrug“ (Inspiration for a soon to be purchasable NFT). The devs were forced to make a snapshot and take the coin of the grid and reinvest every second they have to redo the code till it was fool proof. + +Regarding people that are still holding LOTv1, if you held more than 25 coins at the time of the snapshot on the 9th of April 9 pm utc the new LOT token will just get dropped in your wallet. Every holder with 25 or less has to fill out a form that is available in the Telegram group or through the 24/7 working burnout ridden devs. + +(The devs just now finished one of the craziest feats on BSC, they did the Airdrop whilst doing a presale for old holders manually! Like for real, they did this shit by hand and send everyone their respective tokens. BSC, you finally got some heroes to show case!) + +The new Token price will launch at approximately $1.5-$1.7. + +Alright here are some specs for you tinkerers: + +🎲Circ supply: 1,250,00 (105,000 initial burn to        🎲match the swap, so 1.145m will remain) + + +🎲This low circ supply will catapult this through the stratosphere. + + +🎲Market cap at release: Approximately 2m + + +🎲CMC and CG applications are done, so in about 1 🎲million years LOT might get listed. + + +Links: + + + +Website: www.lotterytoken.net + +Audit: https://solidity.finance/audits/Lottery/ + +Liq lock: https://dxsale.app/app/pages/dxlockview?id=0&add=0xB3125A2A0baaFaaD790c56650Ef96322bC507585&type=lplock&chain=BSC + +Reddit: www.reddit.com/r/lottery_token?utm_medi + +Telegram: https://t.me/lotterytokenchat + +Discord: https://discord.gg/WBKDXCVKbS + +Twitter: https://mobile.twitter.com/lottery_token + +Graph: https://poocoin.app/tokens/0x4e7ae924fd9a5d60b56be486b2900efe0c6a9ca7 + +Contract: https://bscscan.com/address/0x4e7ae924fd9a5d60b56be486b2900efe0c6a9ca7 + +BUY HERE RIGHT NOW! + +Pancakeswap: https://exchange.pancakeswap.finance/#/swap?outputCurrency=0x4e7ae924fd9a5d60b56be486b2900efe0c6a9ca7 + +Tldr: If you are bummed by getting rekd the whole time on BSC and you lose faith in new projects, look no further, this one here can reestablish lost trust. The Devs did something no other team on BSC did so far when times got rough, they stayed, and they indulged into the community. They sweat blood and grinded their brain cells to overload. For the Project, for the community, for crypto. +I don’t want to constantly keep asking my lender for questions and concerns. My sister had submitted in the app for a $700k cash out refi. But in the paperwork, he wrote up $555,000 for the mortgage. What should I do? +If all costs included (including repairs, vacancies, income taxes, and fees) subtracted from your rental income is 0, how is that a bad investment if in a stable market (over 30 years)? Is the thought mainly driven on the assumption of 20% down? For example, if I were to get a home with only 3% up front (*NET*, not just down payment) on a 2.5% fixed rate, that self-sustains rent... I don't see how that isn't an amazing investment. Its just equity building in the background, and eventually becomes positive cash flow as inflation will generally increase your rental income and only increase your secondary expenses (mortgage, the largest expense, remains the same). Then a massive cash flow spike after 30 years. + +&#x200B; + +Please feel free to poke holes in this logic, but keep in mind, I am INCLUDING recommended expense averages for income taxes, repairs, updates, and vacancies. + + +Edit: thanks for all the responses! It seems like the common theme involves risk assessment. To follow up on all of those responses, how much are you guys saving for each rental? I'm already saving the recommended amount, but is that not enough? +Hello fellow FIRE enthusiasts. + +&nbsp; + +I recently read Thomas Piketty’s work [Capital in the 21st Century](https://www.amazon.com/Capital-Twenty-First-Century-Thomas-Piketty/dp/0674979850). Piketty argues that much of economic history can be understood by analyzing the ratio of wealth to income. He uses tax records and datasets from European countries and the United States going back several hundred years. While the book is long and dense, I found it fascinating. Key points include: + +&nbsp; + +* In pre-industrial societies, economic growth is basically non-existent, or only very slowly outpaces population growth. + +&nbsp; + +* Since the industrial revolution, invested wealth has typically grown faster than the incomes of the majority of working people. This mathematically and inevitably leads to inequality. + +&nbsp; + +* Approximately half of the population own nothing or very little. This pattern repeats across countries and at every level. For example, if you again break down the the top half of the population (those with assets), the top half of that half (overall the top quarter) own most of the wealth. This repeats until you reach Bill Gates or Jeff Bezos. + +&nbsp; + +* In the era before the world wars, inflation was very low or non-existent. Returns (typically on government bonds, the favored investment) were around 4%. An interesting note comes from Victorian era novels when incomes and portfolio sizes are referred to interchangeably. An income of 20,000 pounds translates to a 500,000 pound portfolio and vise-versa. After the world wars, novelists stopped making these comparisons, and generally stopped mentioning actual monetary values in print, since they would become quickly outdated. + +&nbsp; + +* The world wars and depression destroyed much of the world order, including the concentrated fortunes of the wealthy. Governments during and after the wars paid for the tremendous debts incurred in a variety of ways, including very high tax rates and by simply printing more money and devaluing their debts (along with the fortunes of the wealthy). + +&nbsp; + +* The post war economic climate is a historical anomaly – many fortunes were destroyed, and much of the world was actually destroyed. This leveling had several effects – there were very few fortunes that were passed down by inheritance and the generation that grew up in that period saw their labor as a higher proportion of national income compared to invested wealth. Coupled with the rise of mass higher education and highly paid professional careers gave boomers a new way to the top – income instead of inheritance. + +&nbsp; + +* Since the late 1970’s, the historical pattern of wealth accumulation and inequality has reasserted itself. + +&nbsp; + +* In the postwar era, the long term rate of return on invested capital is still approximately 4%. The calculation is complicated by inflation but generally holds. + +&nbsp; + + +To combat the inevitability of the very few eventually owning everything (more so than they already do), Piketty advocates for a globally coordinated progressive tax on wealth. Otherwise, “the past will eat the future”, or those few that are lucky enough to be born into historical family wealth will dominate the rest. + +&nbsp; + + +As someone striving for FI, this work was very illuminating. Basically I am trying to jump on this historic inevitability of invested wealth growing faster than labor, and living off the proceeds. I find it interesting that the 4% rule has held for many centuries, and that the “OK Boomer” meme has something to it – their life experiences were shaped by a very different and historically anomalous economic climate. + +&nbsp; + +This has also been made into a documentary, but I have not seen it. Any reviews? +My friends are going on a trip to Europe and want me to go, it’s about 3k+ for EVERYTHING for 13 days + +I have 60k student loans and 10k credit card debt (100% of credit card being utilized) + +I’m in nursing school so I haven’t worked really which is why I’m so drowned in debt, I finish in 2 months though and just got a job paying 40$ an hour… + +Should I go on the trip and be frugal after or if it too irresponsible + +I genuinely need input because I have no clue, I’m not even leaning more one way or another +Hi all! +Short and to the point: I live in the US with my husband, daughter, and another on the way. A wealthy relative would like to help us out and wants to gift us 250k. Anyone have advice about the best way to transfer the money without a gift tax? + +I know the 15k gift limit so we could gift 30k (15k from wealthy wife and 15k from wealthy husband) to my husband and me each year without penalty. Does that apply to kids too? + +Is there some other way we can transfer the money over without waiting years or having to forfeit a third in gift tax? + +Any and all advice is appreciated! Thanks in advance! + +Edit: thank you for all the kind people letting me know this is a super common scam! Luckily in this instance this is my mom's brother who invented a computer part in the 70s and he made the offer in person over dinner. + +You all have helped me learn that the giver pays the gift tax. I was just concerned that his "offer" would end up minus the 30% tax so instead of 250k we would end up with 180k (greedy I know I am) and was trying to think of ways to get around the loss. + +His lawyer said to give him a call so everything is on the up and up as far as we can tell! +\*TLDR\*: I went really big on BBOZ/BBUS and am thinking of cutting losses by end of week. Asset price inflation is bound to win. It doesn't give a shit about macroeconomic fundamentals. + +Alright you numpties constantly repping your shitty BBOZ/BBUS like you're getting some sort of fucking commission on it. I bought a fuck ton of BBOZ/BBUS ($67k) pretty much when it peaked. I'm too ashamed to post loss porn, for now. I am still grieving like I lost a child - a firstborn one too - but rest assured I blame you all and not myself. + +I originally didn't really care too much about this fake rally because the macroeconomic fundamentals are just so bad and valuations are still way too high. I was happy to shit post along for the ride like that trash Titanic meme that I really enjoyed but I'm starting to loose faith. I naively thought the share market was correlated to the real economy but I'm starting to think that asset price inflation is really gonna win this one. + +1. Where is the evidence of QE \*not\* inflating stock prices? It always has, always will. GFC & Japan are prime examples. For GFC QE (which was \*much\* fucking smaller) it took a few months after the announcement of QE1 in November 2008 but basically FED balance sheet = S&P 500 from March 2009 onwards. [This shit is basically turning me into a permabull](https://www.google.com/search?q=Fed+balance+sheet+and+S%26p500&client=firefox-b-d&sxsrf=ALeKk03c3m4xAWj-lvvboADlXz2kMBQjaw:1586853873042&source=lnms&tbm=isch&sa=X&ved=2ahUKEwiPyaarw-foAhVDfisKHU-ZBtIQ_AUoAnoECAwQBA&biw=1640&bih=812). [Same for fucking Japan if you can be bothered reading this.](https://voxeu.org/article/effectiveness-bank-japan-s-large-scale-stock-buying-programme) Show me some good DD and tell me I'm wrong. +2. Why would a company's stock ever go down significantly if the company is basically guaranteed to not go bust due to unlimited liquidity and government being there to bail them out? Especially talking about blue chips here that are relevant for BBOZ/BBUS. There is close to zero risk for institutional investors now. +3. "Ok, but companies cannot make a profit without consumer demand", you say. Correct, but who really cares? They won't go bust and can take on unlimited debt until demand picks up again - even if that's in 1,2, or 5 year's time. Why would they care about Profit and Loss? Why would anyone investing in them care? We are sitting here thinking that reporting season will turn things around just like we hoped unemployment would turn things around, but I fear that it wont because there is literally no risks of defaults anymore, at least for blue chips. +4. Investors (especially institutional ones) don't give a fuck about unemployment. They care about return on investment and asset price inflation is one form of return. The fuck do they care if the underlying macroeconomic fundamentals don't justify the valuation. They get return. + +It feels like we are stumbling straight into another, even bigger asset bubble, even if macroeconomic fundamentals don't justify these valuations. It feels like we are printing our way outta this and there is no risk whatsoever putting your money in stonks. + +I really don't want to be a shitty bull in a shitty economy like this and I hate the idea of joining the army of boomers 'buying the dip' but who cares about the economy? + +Please tell me I'm wrong and that I don't understand finance, gambling, economics, stonks. I know 90% of this shitty sub is bagholding these BBs. + +Edit: [Here's another one for you stupid fundamentalist bears.](https://www.marketwatch.com/story/the-federal-reserves-stimulus-may-be-aimed-at-the-economy-but-stock-investors-will-get-many-of-the-benefits-2020-04-09) +Below table is share price data against 1st November up until close of market Friday 15th Jan. Including now current market cap comparison. Ranked highest to lowest share growth last 75 days. + +[ASX Prices & Market Cap 1st Nov to 15th Jan](https://preview.redd.it/rezc4up3xvb61.png?width=1296&format=png&auto=webp&s=8ecd7e72ae2b2991d4721f1e832e91a7c62a8b45) + +**Almost every ASX tracked Uranium stock is green** to date with for now the 6th continuous week of gains from the growing Uranium market. +Now its evident the funds and institutional investment groups are coming into the mix with large buying of the key players. The Uranium bull market is finally kicking off and is coming on strong. + +WELL DONE & CONGRATULATIONS to all who have made some decent tendies$$$ so far :D + + +The previous [asx table version see here](https://www.reddit.com/r/ASX_Bets/comments/kuz86m/since_1st_uranium_dd_post_on_asx_bets_i_have/) and for the original [Uranium bull market thesis DD](https://www.docdroid.net/lBwbvqo/the-emerging-global-uranium-bull-market-summary-notes-pdf) <--there is now a pdf version i've compiled. For more Uranium and ASX company info look at previous posts. + +Combined market cap increased from $1.49 Billion (AUD) to over $3B and we are still no where near where true market cap values will be once new long term contract pricing is agreed. + +**My picks:** +LOT: 5x🚀 +DYL / DYLO: 3x🚀 \*hold mostly options, will convert some to shares soon +PEN: 5x🚀 \*bought more last week at 0.125 and 0.15 +BOE: 4x🚀 +BMN: 3.5x🚀 \*don't currently hold (yet) + +\*\*Might be opportunity to buy on monday or tuesday after strong run last week - i'll be looking for some red personally, but will revel if all green for another week. + + +Additionally, being the first month of the new year, here are some **Uranium 2021 Firsts** \- credit to John Quakes for fact checking the info + +https://preview.redd.it/13osjijy1wb61.png?width=1292&format=png&auto=webp&s=c12d4c66217d5404a33fee72e5afde840865e531 + +Congrats to all who have done well so far. Have conviction as it is only the beginning of whats to come, and its going to move hard in the short term. +I am 38 y. My Wife is 33 y. + +Mortage remaining: $130000 ( 3.25% interest) + +Cash : $330000 + +401K : 68K ( Maxing out my 401K every year. ) + +IRA : 47K + +I have account in fidelity and Vangaurd. + +Should I pay off my mortage? Should I go all in on stocks to take a risk? + +How should I build wealth? Can I buy Index funds only? +Throwaway account. + +TL:DR: My sibling has been supported by my parents his whole life-- 40 years. I want to help my parents plan for their own death and how my sibling survives once they're gone. + +My sibling has had some substance abuse issues in his adult life and deals with severe depression/bipolar disorder. My parents support him via some direct cash support, but most of the support is by paying his expenses (car, mortgage, utilities, cell phone). He hasn't really had a job in over a decade. He makes a few hundred dollars a month via gig economy. + +I haven't given up on him--I think he is still capable of getting a job and supporting himself--but I'm planning as if he will require support his whole life. + +My parents are in their 70s and I'd like to help them prepare their estate to help him succeed, or at least survive. I've spoken with my parents about this some but none of us really know what to do. Calculated today, my siblings portion of the estate would be $200k-$300k. He's unprepared to manage that amount of cash. + +The estate doesn't seem large enough to setup a trust and pay annual admin fees. In theory, I could manage the assets and provide my sibling a stipend but I'm certain that would ruin our relationship--which I'm not willing to do. + +Are there other options I am missing? +So I started wheeling options as it seemed like the easiest strategy for a beginner to pull off. And it was working fine for a while, but I got assigned, then the premiums just dried up and the stock went way down. + +So now I'm bag holding these shares, and selling covered calls doesn't even look like it would make sense since the premiums I could get on a single option are anywhere from 5 to 25 bucks. It doesn't seem like it's worth risking losing my shares for such a small premium, not to mention that it will lock in my big losses permanently, when I could hold the shares and hope for a recovery someday. + +What's the best move from here? I have several tickers where this happened to me and now I feel stuck. +I have been taking profit at or close to 50%. Is it better to hold longer and let them get closer to expiration? Or is it better to re-enter with a higher delta call? +Why have such a huge percentage of your holdings be allocated to the Canadian market, of which makes up 2-3% of the world economy? I can't seem to fathom why XAW isn't discussed more; similar to XEQT/VEQT, but 0 Canadian holdings and a lot more diversification in developing markets and Europe. Ideally some Canadian holdings would be okay, but this hype over XEQT/VEQT is borderline absurd in my eyes. + + +[This is the official $GME Megathread for r\/Superstonk.](https://preview.redd.it/gzy9yfftoov71.png?width=778&format=png&auto=webp&s=7ce125aa2d7455f994d74a4192f1a04b7d14448c) + +**Please keep ALL conversations contained to Gamestop and directly related topics.** + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Brand new to the sub? Start here! + +***You must read the*** [***Superstonk Rules***](https://www.reddit.com/r/Superstonk/wiki/index/rules) ***before commenting or posting on*** [***r/Superstonk***](https://www.reddit.com/r/Superstonk/)*.* + +https://preview.redd.it/u7nzd0m0pov71.png?width=1651&format=png&auto=webp&s=df5232178c4035ba1c069f9306b30453b42946cd + +The extremely talented and dedicated [u/zedinstead](https://www.reddit.com/u/zedinstead/) has created this beautiful collection of the most important, groundbreaking **D**ue **D**iligence in PDF format that can be easily accessed and shared. If your looking to familiarize yourself with the GME bull thesis or the underhanded tactics of the short sellers involved in this trade-- then this is for you: + +# [GME.fyi](https://fliphtml5.com/bookcase/kosyg) + +[r/Superstonk](https://www.reddit.com/r/Superstonk/) employs strict posting requirements to ensure our community stays moderately free from trolls and other such bad actors. As such you may find you have trouble posting if you haven't fully read and understood our rules. + +**Posts keep getting removed?** [Find out why.](https://www.reddit.com/r/Superstonk/wiki/index/rules) + +**Not enough** [**karma**](https://www.reddithelp.com/hc/en-us/articles/204511829-What-is-karma-)**?** Here's a [quick guide](https://zapier.com/blog/how-to-get-karma-on-reddit/) on how to get it. + +**Want to learn more?** [Check out our extensive Wiki](https://www.reddit.com/r/Superstonk/wiki/index) and [FAQ](https://www.reddit.com/r/Superstonk/wiki/index/faq) + +**Eager for more even more GameStop info?** [gmedd.com](https://gmedd.com/) is a spectacular resource. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Flair Links + +Check out our [**flair system**](https://www.reddit.com/r/Superstonk/comments/mrwirc/updated_about_and_menu_flair_directory/), which is easily accessible via the sidebar button widget on desktop or the About menu on mobile. + +[📚 Due Diligence](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%93%9A%20Due%20Diligence%22) | [📚 Possible DD](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%93%9A%20Possible%20DD%22) | [📈 Technical Analysis](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%93%88%20Technical%20Analysis%22) | [🤔 Speculation / Opinion](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%A4%94%20Speculation%20%2F%20Opinion%22) | [💻 Computershare](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%92%BB%20Computershare%22) | [💡 Education](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%92%A1%20Education%22) | [📰 News](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%93%B0%20News%22) | [🤡 Meme](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%A4%A1%20Meme%22) | [👽 Shitpost](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%91%BD%20Shitpost%22) |[📳Social Media](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%93%B3Social%20Media%22) | [☁ Hype fluff](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%E2%98%81%20Hype%2F%20Fluff%22) + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +***What's This Post All About?*** + +The first thing you'll notice is a stickied comment right at the top. We call this the "Front Desk". Every day a moderator will create a new sticky comment that includes links to community announcements, fantastic posts that deserve more attention, and generally the simplest and easiest way to interact with the moderators of this community. The rest of the post is designed for general discussion and content/questions that might not need their own post. + +If you are new please mention that when you comment. There are no stupid questions but "shills" (paid accounts with the intent to disrupt the sub) are real. This community sees a lot of trolls. If you do not distinguish yourself as someone with genuine questions it is likely that members of our community will assume you are just spreading "FUD" (Fear, Uncertainty, and Doubt). I hate that I have to give you this warning but it is just the nature of the beast at this point. + +Please have fun, play nice and be civil. Many of our rules are heavily enforced. Debate is welcome but if it devolves into personal insults please report the comment. *Ape no fight ape!* +I finally understand the purpose of Bitcoin. About two weeks ago I recently won a little bit of money gambling and couldn’t transfer it to my bank, I could however withdraw it in BTC and was just going to set up an account on Coinbase and withdraw it when it hit. I didn’t know anything about BTC or crypto (and I still know very little) and after this price drop I started panicking a teeny bit and was confused. I found the subreddit and started browsing it and I realized, Bitcoin isn’t about making a profit or a quick buck, it’s a slap in the face to the government and banks who think they can control every aspect of our life. It’s a slap in the face to people like Trudeau who thinks they can freeze our accounts because we don’t comply to their every demand. + +Thank you all for showing me the real meaning behind crypto and BTC. Going to invest a little more and get a cold wallet soon. F the Gov n F the greedy ass banks. +3M is commonly discussed here as it has a great dividend and every business and homeowner uses 3M products. To be frank, the stock has done 💩 over the last 5 years. Will this lawsuit take 3M to long to recover to make it a worth while investment? Or is this already priced in and the stock will continue? Thoughts? +*of course none of us KNOW what will happen. + +[https://stocks.apple.com/AdDL_NDIZSDSb0fE_gcByvg](https://stocks.apple.com/AdDL_NDIZSDSb0fE_gcByvg) +https://www.bloomberg.com/news/articles/2020-12-18/tesla-s-tsla-stock-price-an-army-of-millionaire-retail-traders-hold-on + +But in late June 2017, Smith poured $10,000 of savings into Tesla’s stock. He said it was the first time he’d ever invested in a company. That was just the start. Each paycheck, Smith, a video producer, would pay his bills and then buy additional shares with the rest, ultimately putting about $90,000 into the volatile stock. + +Laura Goldman, 62, says New York-based analysts missed how much appeal the company holds for a younger generation that’s deeply worried about the climate crisis. Goldman, a former stockbroker, doesn’t even own a car — let alone a Tesla. She bought 300 of the company’s shares in the fall of 2010, a few months after its IPO, and picked up more stock over time. + +Termanini invested in the company a few months after the June 2010 IPO and says his investment has grown to over $2.5 million, between options and stock. He has traded over the years but he’s not selling now, a decision that’s made easier by the fact that he has a diversified portfolio. + +Thanks for the awards. +Anybody got any good learning resources for my smooth brain. Want to get better at reading charts and valuing companies. Rocket emojis have served me well, but know I can do better. +Your markets are run by bots. Now your Weekend threads are too[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people. + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/ywAGqfUAQE) +Your markets are run by bots. Now your daily threads are too. + +&#x200B; + +This thread is for plans and thoughts prior to the market open period. + +Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +&#x200B; + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share). + +&#x200B; + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/ywAGqfUAQE). +For once in my life I didn't give in to FOMO and I did not buy. Since then the hype has washed off, the price has corrected and now my gamblaholic brain is wondering now is the time to buy. Those who sold, why? Those who held, why? +*Will do my own research and not consider your answers financial advice. +Your markets are run by bots. Now your /r/Asx_bets daily threads are too. + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +Automoderator may provide "Guidance" for Lazy and zero effort posting. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/ywAGqfUAQE) +Your markets are run by bots. Now your daily threads are too. + +&#x200B; + +This thread is for plans and thoughts prior to the market open period. + +Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +&#x200B; + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share). + +&#x200B; + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/ywAGqfUAQE). +Your markets are run by bots. Now your /r/Asx_bets daily threads are too. + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +Automoderator may provide "Guidance" for Lazy and zero effort posting. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/ywAGqfUAQE) +I've got a few penny stocks in health and other sectors, one of which (NSB) had good news come out and still fell back toward 8 week lows, seemed the same for BRN (which I sold out of a few months ago). Seen a fair few pennies having the same trend this week especially... + +Anyone help a fresh clown out over here to tell me what's going on? +Way I see it, congress tried everything they could to avoid the dark pool and naked short. + +This should not be because they are bought, I believe, nor because they are incompetence. Some are. But I think the bigger reason for this should be because they are afraid of the truth going out, and nuking the trust in the US's market. + +The trust are long lost among the apes, and I know for sure a lot of apes will stay away from the US market after this. But apes are not the world, there are a lot of investors out there that are oblivious to the entire GME saga, who looked upon apes and saw we being the retards that we are. + +If those people lose their trust in the market, that would be critical. + +Congress is afraid of this. And that is a freaking good news to me. Fear can be a good motivation, as it push people off their comfortable chair to do their damn job. +Hi Reddit, + +Around 3 weeks ago someone logged into my Wells Fargo online banking and used bill pay to send a $19,000 check fraudulently. I noticed this 3 days later and immediately contacted Wells to make a claim. Today they sent me a letter denying my claim, telling me that they believe the transaction was made by me or someone authorized by me. I am currently out all my savings and it looks like the bank doesn't want to do jack to help me. What should I do next? Get a lawyer? + +Update- Thank you for all the responses everyone, sorry I have been unresponsive. So far I have submitted a police report and CFPB report. All my important logins and whatnot are now secured with 2fa and strong passwords. + +Update 2- I'm seeing a lot of comments advising me to close out my Wells Fargo accounts. Trust me, that is the very first thing I will do as soon as I am reimbursed. + +Final Update- I got my money back today (7/30). CFPB claim worked out, I will be switching banks on Monday. +I’ve always felt something since 15. I’m 24 out in the real world for 3 years with two different jobs. + +Since 15 I feel like I’ve been running on a hamster wheel. It was nice then though because I had a cathartic release of freedom every 9 months from school. So it started off slower, and got faster starting in college. No more bursts of freedom. I’m crushed all the time. Life is a bunch of deadlines. I don’t have proper time for myself. I just want to go at my own pace again. I’ve never had a problem doing life by my terms. Seems like some people need other people to give them something to do (no offense). + +Hopefully it gets better when I get out with a job in the real world, I said. But then I heard adults say that’s a lot of work too. One thing that stuck was “you get a choice between recovery and socializing.” I feel this way now. + +The more I go on, it seems I was correct 9 years ago. The only solution in life is to have a ton of money. To buy time to actually and properly relax and go at my own pace to take care of myself properly in every way without having my time smashed by obligations fueled by money, ultimately others. +Need to figure this out before it’s too late. + +Am I crazy for thinking this way? Other people don’t seem to care. +Edit: I wish I could change this post title, because this is more about how things we’ve observed historically line up with options chain fuckery and a specific detail about how that works. I don’t know if “they’re right” - that was a bad choice for the title. What I *should* have said was that the options-related discussions happening lately have me thinking about what I'm actually describing in this post about the role options playin this whole saga. I'm not a financial advisor, and this sure as hell isn't financial advice. I would delete this post but then it’d be **just** the title which is the problematic part. My bad... 🤦🏼‍♀️ + +Options are complicated. They are *literally* calculus. At these prices, they are also for the silverbacks with the deep pockets; some of you guys are fuckin loaded. I’m not touching options with a ten foot pole because I don’t have that kind of money and I don’t want to risk putting an expiration date on my investment. + +Anyhow, I want to lay out my hypothesis on one way in which the options chain is being exploited to hide short positions. + +One of the key concepts to understand is that options contracts *usually* have a **win-lose dynamic**, much like a bet. Options are Wall St's "very sophisticated," country club way of wagering bets. A call option contract is essentially "I bet (premium cost) that this stock will be (strike price or higher) on (expiration date). If I'm right, you have to sell me 100 of your shares at that price. If I'm wrong, you keep your shares and pocket the wager of this bet (premium)" + +But in this idiosyncratic case, both the market maker and hedge fund have vested interest in hiding the shorts. Neither actually own shares. So they create options between them with the understanding that the contracts **will never be exercised**. (i.e., the bet will never be paid). This distorts the win-lose dynamic. + +An options contract represents 100 shares, and with Wall Street's shady practices, one call contract can "hedge" (i.e. offset) 100 short positions "on the books." So If I'm trying to hide that I have 1000 open short positions on a given stock, I could open 10 of these fake long options contracts with my buddy (hedgies) who won't actually expect me to sell them the shares even if I "lose" the bet. Even though I still owe a 1000 shares, on the books, the fake long contracts make my net position neutral. These fake contracts have effectively hid/"covered" my short position even though I haven't closed out any of my initial 1000 short positions. + +That's why Citadel bailing Melvin Capital out was a big red flag. That's like you lending your friend the money he owes you for the bet he just lost to you. It doesn't really make sense. But in this case, both parties (MM + hedgies) were liable for the insane short position, so they were on the same side of this bet. + +It also explains why there were many dates with a fuckload of options expiring, but little price action. *The options were never exercised*. I suspect it's why we saw many gamma ramps that didn't lead to price pops. The market makers didn't need to hedge contracts they knew were just hot air. Gabe and Steve weren't going to exercise because it was *their* short positions that Kenny was hiding for them in the fake contracts. + +IT also explains why we hover around max pain a decent amount of the time. This should be devastating for the market maker as all these contracts expiring ITM would normally mean they have to buy tons of shares to make good on their contractual obligations. But they don't. The contracts are quietly closed out and reopened at a later date. It makes sense these are mostly LONG positions expiring in the money because that's what they need to balance out the massive short positions on the books. + +But if retail is on the other end of the contract instead of Wall Street's partners in crime, they're going to want that bet paid out. Paying the bet out means the market maker actually has to do the thing the everyone fears most....going to market and buying shares in quantity – especially when a few thousand shares can move the price by several points because liquidity is bone dry. + +By convincing retail that options were a big no-no, they were able to keep the options chain a safe space to hide shorts with these MM-hedgie, will-never-exercise options. + +Here's the story about why that's important: https://www.reddit.com/r/Superstonk/comments/qvrx7e/doomps_glitches_brazilians_max_pain_and_ghost/ +If it closes below 2950, which seems likely. Actually eager to buy at this level. But surprised at how far this has fallen and how fast. + +Anyone have experience or tips for wheeling this monster? +I was under the impression that selling weekly is vastly more profitable but what am I missing exactly that people seem to prefer selling option 30-45dte? Do you wait the full term? Or are they usually down 50% within the first week so it's actually more profitable to sell them but also close them weekly. Obviously it all depends on the underlying stock movement but what exactly am I missing and why doesn't everyone just sell weekly options +ARKK now has weeklies! Just wanted to share my excitement. Give me one good reason why I shouldn’t use my whole portfolio to sell covered calls on that jaun until the end of time. +Obviously no one knows when any sort of market crash is going to happen, if at all. + +I’ve had my toes dipped in the investing world for the better part of the year and a half and I understand core principles, but don’t yet know how to apply what I’m reading. Are there any specific moves that might offer some protection from a “crash”? Will bonds still be relatively safe or are they vulnerable? Should I look into Yugi-oh cards? (/s). + +I know time in the market >>>>>> timing the market and I could just wait for my holdings to eventually recover if something big were to happen to the market but, what are your thoughts on protecting your money? +Hey everyone, + +Viram and Darwin here from [Vested](https://www.vested.co.in), we simplify US investing for investors from India. + +Looking forward to answering any questions! + +\--------------------------------------------------------- + +Thank you for all the interactions! We really enjoyed it. + +If you have any questions please do keep posting them there. We will keep monitoring the thread. + +Stay safe and take care! +I'm 25 this year. I live at home, earn $70k/year, stick to a budget within my means, don't own a car and have recently inherited $10k from my grandmother (very blessed). I grew up with no financial literacy (my parents didn't teach me much, other than to learn from their mistakes I'm afraid) - so in 2022 one of my goals is to build a healthy financial base for myself however I'm not sure where to start. Move out of home? Buy a car? Invest it all? + +I've begun by looking into index funds, changing to a higher performing super, micro-investing... I'm learning a lot but also feel very lost! This is the largest sum of money I've seen, and the highest paying job I've had - I want to make sure I make the right choices here. + +Say you were 25 again; I'm curious to see what some older (and I assume financially wiser!) Australians would do/change if they had their time over? + +**EDIT: Wow! Thank you everyone. Something I should've mentioned, I have been contributing an extra 6% into my super since the day I started working. Best decision I have ever made as I am way ahead of the curve as a result.** + +**EDIT #2: Thank you SO much everyone! All of your posts are so thoughtful, colourful and well articulated. I've enjoyed reading all of them. I still have a long ways to go, but certainly will be working to max out my super contributions, invest in an index fund and figure out of a frugal life balance for myself whilst I'm still young. Again, thank you thank you - it's nice to feel like I have the support of like 100+ strangers LOL.** +I live in an apartment building and my neighbor knocked on my door today and handed me my W2 form from work, but it was already opened. He said it accidentally came to his mailbox instead. Normally I wouldn't care, but this guy has spent 20+ years of his life in jail for all sorts of things (including fraud) and I can't be too cautious. My W2 has my social security number on there which is why I am really worried. Should I put a freeze on my credit? Or just monitor it daily? Or are there any other steps I can take? +Occasionally, some Bureau Members get together and discuss economics amongst themselves. Here is one such conversation. In the future, we will post conversations that we believe are somewhat high quality for the benefit of the community. Feel free to provide feedback on the content and format, or just respond to what's being said. + +***** + +**integralds** + +So let's take a step back. Someone precisely define the GWG. We're all econs here, we can do this. + +**commentsrus** + +reg wage female, b_female < 0, p < 0.05 + +TADA + +and then spend decades wondering why those results + +**besttrousers** + +Are there any proposed differences that aren't due to 1.) Endowments 2.) Preferences 3.) Discrimination? +or does that capture the sources + +**commentsrus** + +Endowments. Nice + +**besttrousers** + +hahaha + +**gorbachev** + +btw, succinct definition of the GWG + +"Whatever component of the difference between male and female wages that is unfair" + +**integralds** + +I'm not sure I can regress for "unfair" + +**Besttrousers** + +eh + +It's unfair that women have to go through labor and delivery + +but that's not like society's problem + +like get rid of discrimination, and you'd still see some GWG due to that + +**reg_monkey** + +I would say take an equal MPL woman and man and the man's wage - the woman's wage is the GWG + +**commentsrus** + +@besttrousers typical economist. unless (3) includes social pressure, you missed social pressure. + +and i mean social pressure beyond what shapes preferences + +**reg_monkey** + +Oh wait that isn't good because of choice variables + +**besttrousers** + +good point @commentsrus + +**commentsrus** + +obviously women can choose to do certain things + +**integralds** + +reg_monkey: I think that's close. Tack on the requisite expected discounted value stuff and I think it's really close. + +besttrousers' answer is also close. + +**reg_monkey** + +My problem is choice productivity variables like education. + +Bad incentives might lead women to not get education + +**gorbachev** + +I'm joking w/ the definition, but the point = what we choose to care about in the difference between male and female wages is semi-secretly a normative decision + +**commentsrus** + +care? i just want to know all of the causes. + +**integralds** + +besttrousers, a wrinkle: should we think of preferences as exogenous for this question? + +**ponderay** + +But besttrousers isn't the whole debate around the GWG about how much discrimination matters? + +**besttrousers** + +Yeah @reg_monkey. Like it's [interesting in my GWG data mock-up](https://np.reddit.com/r/badeconomics/comments/4ec0s6/the_silver_discussion_sticky_come_shoot_the_shit/d204bpy/?context=4) how the wage gap due to discrimination is 20%, but the *realized* gap was like 25% + +**commentsrus** + +@ponderay i see a shift toward trying to figure out how much social pressure matters + +**reg_monkey** + +It's also very important for welfare considerations + +GWG preventing capital accumulation is BAD + +**integralds** + +I mean I'm a macro person so I'm totally okay with taking preferences as exogenous, but I can conceive of reasons why we might not want to do that. Do more boys go into math because they have a pref for it, or are those prefs nudged by society/etc? + +**besttrousers** + +That's definitely a wrinkle @integralds - especially given @commentsrus point about social pressure + +it is GOD DAMN impossible to find girls clothes that aren't pink + +**commentsrus** + +@ponderay e.g., why women take care of kids and do housework more. or go into less quantitative fields. +part is preferences, but those can shaped by social forces, and norms can also induce one to consciously choose something + +Becker did some work on endogenous preferences but i know nothing + +**besttrousers** + +also even super dumb norms are stable with third party punishment. Bendor and Swistak 2000 show that any behavior is sustainable + +**gorbachev** + +dem folk theorems + +**besttrousers** + +@commentsrus there was a whole RSF working group on endogenous preferences in the 90s/00s + +with Akerlof, Camerer, Fehr, Gintis etc. + +**ponderay** + +I guess when I'm thinking of discrimination I was lumping those sorts of things in. + +**reg_monkey** + +@integralds I think I got one definition I like. Take a man and woman with the same amount of TFP. Wage the man makes - wage the woman makes + +**besttrousers** + +still gotta measure some unobservables though + +**commentsrus** + +@besttrousers i totally know what RSF is... + +**besttrousers** + +russell sage foundation + +**commentsrus** + +this? https://muse.jhu.edu/book/38525 + +**besttrousers** + +@commentsrus I think that's one of the products of the working group + +working group used to have a webpage, but that was like a decade ago + +**ponderay** + +reg_monkey how the hell do you identify TFP then? + +seems weird to just match residuals + +**gorbachev** + +reg_monkey, suppose they have the same MPL + +or face the exact same wage setting function + +suppose no taste discrimination occurs at any level + +suppose women have lower MPLs due to child bearing + +should we say there's a GWG? + +**reg_monkey** + +@ponderay I mean I don't think you can ID MPL either. I just wanted an "innate potential" to be the same + +Ahh you're right gorby + +**gorbachev** + +(hashtag secretly normative. some will say no b/c paid same W given MPL, others will say is unfair to punish for child bearing even if it lowers MPL) + +**mrdannyocean** + +>also even super dumb norms are stable with third party punishment. Bendor and Swistak 2000 show that any behavior is sustainable + +yeah this should be more well known game-theory wise + +**besttrousers** + +it's a neat finding! + +**integralds** + +I need to not write down DSGE models in chat. + +**mrdannyocean** + +too many econ types think 'everything will trend towards a nice efficient equilibrium over time' on every subject + +but dumb norms are often sticky + +nash equilibriums are just stable + +Nothing makes them inherently efficient + +**integralds** + +I have in mind a multi-stage model involving education choice, job choice, and maternity leave; grind out the competitive equilibrium; there should be a way to define an "excess" GWG. + +Then take it to data. + +See, this is how macros think. + +Micros would just hunt for exogenous or semi-exogenous variation and MHE their way to an estimate. + +**besttrousers** + +true +Does anyone have any particular insight to why this has happened? + +Been holding for some time since early summer and can't seem to find any relevant information what's causing the price to surge by so much. + +Do people think this mainly driven by the expansion into the US market and a recent deal with ESPN? +Hi, + +I bought around 200 shares of Argo Blockchain (ARB) when it was trading at the 30p mark! I hold it to this very day at a nice tidy profit margin. + +My question is, whether it is still too late to buy more? + +What do you think the future is like for Argo (ARB)? + +Thanks +\[Tables referenced can be found here: [https://imgur.com/a/k1LDJlD](https://imgur.com/a/k1LDJlD)\] + +(Please note that this all my unqualified opinion. This is not financial advice. Please do your own research with official data. I do not hold any position with this stock nor am I affiliated with any of the companies mentioned.) + +&#x200B; + +Smiths News Plc. (SNWS.L) is a newspaper wholesaler and distributor with a 55% market share and great cash flows. + +## Summary + +Smiths News Plc has lots of promising features despite its dying industry. The stock would appear undervalued but only granted that management can keep reducing costs as they have been and focus on paying off debt while producing healthy dividends once caps are increased. + +The circulation of newspapers, the core of the company's business, has been falling at a steady rate of roughly 5.4% per annum. This correlates to a constant, steady decline in revenues for the company. This business model cannot sustain forever, but with management's impressive track record of cutting costs - what sort of dividends can this company produce for its shareholders in the future and is there value to be found in an unappealing and thus potentially undervalued stock? + +## Business model simplification + +Previously called Connect Group the sale of Tuffnells, a company specialising in business to business, next day delivery of awkward or irregular to carry freight, marked the simplification of Connect Group's business plan. + +The company cited that there were not the sort of synergies one would expect from combining these businesses, and reverted to being called Smiths News Plc. along with a promise of more focused executive management and a more streamlined business. + +## Debt Management + +After the streamlining of the business, Smiths News has managed to rescue net debt from 2xEBITDA to 0.9xEBITDA, 1 year ahead of schedule. This shows an impressive ability to pay off debts. + +Management has said that their primary concerns are paying off debts, and distributing surplus cash to shareholders via dividends and occasional ‘special’ dividends. With dividends capped for the next few years, these goals are sure to increase the book value of the company substantially over the next few years. + +An increasing book value is especially important in a declining industry such as this since it gives the share price inherent value from the potential to liquidate the company. + +## Valuation + +Discounted cash flow model with a + +* Cost of Equity of 3.04%; +* Cost of Debt of 11.66%; +* Weighted Average Cost of Capital of 7.00%; +* And a perpetuity growth rate of -5.4% (signalling an implied EBITDA Exit Multiple of 2.4x) + +presents the intrinsic share price of the company at 60p, roughly 80% higher than the current share price of 33.4p. + +\[Please see the attached image.\] + +## Sensitivities + +The DCF model is very sensitive to the annual cost of sales change, demonstrated in the table attached. + +With the previous cost of sales yearly per cent changes ranging from -19.45% to just -2.78% over the past 5 years, it is important to consider that this model is severely sensitive to management's ability to continually decrease costs. However, over that same period, the average cost of sales yearly change has been -8.69%. A performance such as this could have the intrinsic share price rocket to well over £3.25 in otherwise normal market conditions. + +For my base model, I have assumed an annual cost of sales reduction of 5.5%, with a revenue reduction equal to the circulation of newspapers average of 5.4%. + +## Reliability of Cost of Sales Reductions + +It is important to consider a supposed theoretical limit to the cost of sales reductions, the more costs of sales are reduced the harder it is to find more ways to save money. + +The CEO Jon Bunting in a recent annual conference to shareholders spoke of phase 3 of their turnaround business plan after the failings under the Connect Group business model. Phase 1 and 2 of streamlining the business and bringing debt to below 1xEBITDA has already been achieved ahead of schedule. + +Phase 3 is the addition of income streams to the company, specifically how the company's assets can be used in other areas, he said there were no plans on how to do this yet. When we consider their previous failed attempted diversification and integration with companies such as Tuffnells, it is hard to imagine what they will do differently this time to move away from the ever-declining physical newspaper and magazine industry. This could mean that the long-term core business is reliant on the impossible task of eternally making more than 5% cost reductions per annum. + +## Risks + +One of the major newspapers being bought and distributed by Smiths News going out of business would provide huge problems for the company. Here is a breakdown of the company's main revenues by publisher/company: + +* News UK (The Sun, The Times): 18% +* Reach (Daily Mirror, Daily Express, Daily Record): 17% +* *DMG: 16%* +* *Frontline: 15%* +* Telegraph: 10% +* *Marketforce: 9%* +* Guardian: 5% + +80% of revenue is secured by contracts lasting until at least 2025. This puts the company in a position to focus on reducing the cost of sales since it can accurately predict income streams into the near future. + +Territorial contracts also stop any competition from possibly providing wholesale of certain newspapers in multiple areas. For competition to take away these contracts they would supposedly need to have lower costs than the company, this would be especially hard to achieve due to the company's complex distribution network. We can therefore see a high barrier to entry for any competition. + +Physical newspapers are mainly of interest to an ageing demographic. With over 50% of people aged 65+ in the UK using physical newspapers, whilst only 16% of people aged 16-25. This brings the risk of a much greater reduction of newspaper circulation as this demographic stops buying newspapers - directly affecting Smiths News’ revenues. + +Smiths News’ biggest retail clients make up 40% of the company's revenue (Tesco Stores, Sainsbury’s Supermarket, Co-operative Group, Waitrose, WH Smith). While independent customers make up 34% of revenue. This shows that large portions of the company's revenue are dependent on these large retailers. + +Acquisition and retention of labour is a decreasing problem but still a problem. There is a particularly significant lack of externally hired delivery drivers since the company only has a small internal fleet. However, this shortage has decreased by about 40% in the last quarter. +Both BP and Shell are trading around their 52 week low. The future of oil is bleak but given these big companies have money to pivot into clean energy, are they worth investing with long term in mind? +I mean I heard it a lot on this sub. How boring it gets. But I did not believe it. But then it happened to me. + +I have been profitable for awhile now (Im no where near rich by any means, but slowly compounding my gains) and I noticed that compared to when I first started as a novice, I have changed a lot. At first I was super involved, analyzing charts for hours a day, jumping from thing to thing placing what seemed like 20 to 40 trades a day. Now, I place one trade per week just checking in for 5 minutes a day total. + +Its not what I expected it to be like at all. It's weird to say the least. Like the feeling you get when you climb a mountain, Once you do it, you are super happy, the view is great, but what I did not expect was this empty feeling. The journey was worth it but, what I realized and what happened to me personally is now I have this new urge to find a "new mountain" to climb. + +I don't know I'm just ranting here at the one place I feel like anyone would understand. + +Any other profitable traders out there who can relate? + +EDIT: People keep asking me for the damn system I am using. FINE. Here is a link to a video to get you all started... RIP Inbox. [https://www.youtube.com/watch?v=dQw4w9WgXcQ](https://www.youtube.com/watch?v=dQw4w9WgXcQ) +Key points: + +* **A “bear market” is when stocks see a 20 percent decline or more from a recent high — but they’re also marked by overall pessimism on Wall Street.** +* **Since World War II, bear markets have lasted 13 months on average, and stock markets tend to lose 30.4 percent of their value.** +* **During those conditions it usually takes stocks an average 22 months to recover, according to analysis from Goldman Sachs and CNBC.** + +See link for chart and more details: + +https://www.cnbc.com/2018/12/24/whats-a-bear-market-and-how-long-do-they-usually-last-.html +I’ve seen the tweets over and over again. When iOS wallet? And GameStopNFT keeps saying: soon. + +Laying in bed not sleeping as my ADHD brain does every night. I realized something: the app is going to be the marketplace AND the wallet 🤦🏼‍♀️ They can’t give us the wallet because it’s one app that will have both the wallet and the marketplace functioning seamlessly together. But the browser extension could be released because the marketplace will be the website on browsers and an extension can function separately from the website. + +It’s so obvious to me now why the long wait and why the announcements of creators started before we have the iOS app. + +🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀 +CAN’T STOP, WON’T STOP! +Over Losing Streaks & Oversizing I kept one thing in mind, and that is - Minimizing risk at all cost and maximizing profit is absolute KEY to every strategy, in particular when the win-rate is fairly moderate. + +This way, you can achieve amazing gains without an insanely high-win rate! + +It doesn't matter if you have a losing streak of 3, 4, 5, 6 trades in a row, if you keep your risk in check and your profit high, you'll make a hell load of money trading! + +Always Remember! Just like losing 3, 4, 5... times in a row, you may win 3, 4, 5 times in a row and that is when big gains happen! + +Besides, losing 5 times in a row is fairly common, even with a win-rate of 70% that may happen. Not as often, but it does! + +In this small challenge, which I have finished within 3 days (Goal was set to one week, 5 business days), I have executed 49 trades, of which 19 were losers & 30 winners, equating to a Win-Rate of 61.224%. + +Note how much bigger (Most of the time) my winning trades are, compared to what I have risked. + +**If you cannot beat your win-rate, beat your risk & profit!** + +If you have any questions, put them in the comments and I'll try to answer as best as I can! + +&#x200B; + +And for your own due diligence! Below are the concepts I have learned and followed in order to achieve this result. + +&#x200B; + +**Concepts I have learned & applied:** + +* Simple Break & Retest (SSR, FL, FTR) +* Mitigation of Inefficiencies +* Market Structure +* FL-FTR +* HTF Analysis + +&#x200B; + +Cheers! + +[Account-Statement](https://preview.redd.it/lxotehqif8z81.png?width=1835&format=png&auto=webp&s=87ae24dacac24c64dd45ac61bed52f68ed63f43f) +Shaquille O’Neal wants to make one thing clear: He doesn’t believe in crypto, if he ever did. + +That’s after being named in a class-action lawsuit against now-bankrupt cryptocurrency exchange FTX last month, for promoting the company in a June commercial. + +In an interview with CNBC Make It this week, the 50-year-old businessman and Basketball Hall of Famer took questions about his relationship with FTX while discussing his other business ventures. + +O’Neal has a long history of investing in companies he promotes, including his current enterprise, Shaq’s Fun House, an annual part-festival, part-carnival event. Those investments often pan out: O’Neal makes more off the court than he did as an NBA star, he told HBO’s “Real Sports with Bryant Gumbel” in 2018. + +But when it comes to FTX, he says, he was merely a celebrity in an ad. + +“A lot of people think I’m involved, but I was just a paid spokesperson for a commercial,” O’Neal says. + +Full article: [https://www.cnbc.com/2022/12/15/shaq-on-crypto-ftx-post-collapse-i-was-just-a-paid-spokesperson.html](https://www.cnbc.com/2022/12/15/shaq-on-crypto-ftx-post-collapse-i-was-just-a-paid-spokesperson.html) +Don't even ask the question. The answer is yes, it's priced in. Think Amazon will beat the next earnings? That's already been priced in. You work at the drive thru for Mickey D's and found out that the burgers are made of human meat? Priced in. You think insiders don't already know that? The market is an all powerful, all encompassing being that knows the very inner workings of your subconscious before you were even born. Your very existence was priced in decades ago when the market was valuing Standard Oil's expected future earnings based on population growth that would lead to your birth, what age you would get a car, how many times you would drive your car every week, how many times you take the bus/train, etc. Anything you can think of has already been priced in, even the things you aren't thinking of. You have no original thoughts. Your consciousness is just an illusion, a product of the omniscent market. Free will is a myth. The market sees all, knows all and will be there from the beginning of time until the end of the universe (the market has already priced in the heat death of the universe). So please, before you make a post on wsb asking whether AAPL has priced in earpods 11 sales or whatever, know that it has already been priced in and don't ask such a dumb question again. +https://www.lloydsbankinggroup.com/media/press-releases/2021/halifax/londonderry-tops-uk-affordable-cities.html + +> Winchester has become the UK’s least affordable city, replacing previous table-topper Oxford, with homes now 14 times annual earnings for those living and working in the city. + +> Of the top 20 most affordable, Hereford is the most southerly location on the list. Londonderry retains its position as the UK’s most affordable city for the third year in a row, with a PE ratio of 4.7. A 13% increase in average earnings last year saw Carlisle join Bradford in second place (both 4.8), ahead of Stirling, Aberdeen, and Glasgow, all with a PE ratio of 5.4. +For example, A McDonald's cheeseburger is a 1.79, but they almost always have coupons, such as 20%, bringing it down to $1.43 + + +Meanwhile here's a breakdown of a cheeseburger made at home: +Meat: 10 patties for $10 = $1/per + +Buns: $2 / 8 = $0.25/per + +Cheese: $2.25/16 = $0.14/per + +Ignoring the rest of the ingredients, it's $1.39 + + +For a single person, eating 2 burgers per meal, it makes sense just to eat out instead of grocery. Most of the time, cooking at home means only making 4 burgers at a time - which means the excess buns get wasted if I don't use them in time. Additionally, unless I want to eat nothing but burgers for awhile, I have to cook the package of burgers multiple times - which means multiple times I'm using gas for the stove, dishes, etc. It just all seems like a lot of effort for minimal rewards. +I’m near Phoenix AZ and I purchased my home back in January for 380k at 2.5% on a 30yr and it’s already appreciated $50k not including the upgrades I’ve done/will do this year which total to around $40k. I only put 3% down to keep my cash and have $175 PMI but I’d love to invest in something else. + +I’m currently debating if I should Airbnb or Rent this home and buy another, or see if there’s a way to leverage how the value of this home continues to go up rapidly. + +The goal is to generate additional cash flow on top of my existing income. Currently comparable homes are renting for $2600 and my mortgage is $1650 after PMI is gone. I’m sure through AirBnB it could generate more as its fully furnished and semi designer inside since I have a background in that. + +Any help would be appreciated. + +Appreciate the help! +Gather round, apes and apettes, grab that vintage box of crayons you were saving for something special, and get comfortable. Oh, first- **HEY GABE!!!!** [Gabe's been struggling lately-](https://finance.yahoo.com/news/melvin-t-shake-reddit-attack-205148761.html) + +[I needed a reason to link this 100&#37; real completely non-satirical article from July 7th just one more time](https://preview.redd.it/84qap5rw1pb71.png?width=680&format=png&auto=webp&s=3b2b6f6b0fdf94547d6ca63ab14b5118cad9a50e) + +Look at that beautiful, gaping mouth-hole.... srsly Gabe, open invitation to scour *my* message boards *any* time you want..... because this ***especially vicious*** reddit trader is about to get DOWNRIGHT SAVAGE...... with stats. 😮 🙈🙉🙊 + +First, what in the fuck am I talking about? These little doodads that everyone keeps noticing- credit to [u/shiftyasiankid](https://www.reddit.com/u/shiftyasiankid/) for grabbing the pic of GME's 3/10 flash crash from a rensole morning post- + +[If I haven't gotten my point across, they're fucking everywhere. GME's flash crash on 3\/10\/21 was especially fun!](https://preview.redd.it/bdjboz2jtpb71.png?width=1115&format=png&auto=webp&s=e1871f9a6b373d82cc33c7fd2b1af62afc2d2439) + +Gabe's data scientist have given us ***all sorts*** of fascinating explanations for these lines *other* than "they're market sweep orders." The first round has to do with some VERY fat fingers: + +>1) Some trader fat-fingered their limit order +> +>2) Some broker fat-fingered the trade order + +Ok seriously, trades are not performed by a bunch of monkeys in a back room, it's 99.9% electronic (unless you're one of those 0.1%'er shady fucks trading out of Philadelphia), and by the way you guys think about fat fingers *a lot.* 🍆 Also, even **IF** some poor ape did accidentally enter a limit order ***buy*** for $69,420.00, your broker is required by law (the Order Protection Rule) to buy your share at the ***National Best Offer****,* or the lowest ask $ available among all visible exchanges (what you see in the level 2 data). + +[If you want the gory details, they're discussed in here.](https://www.reddit.com/r/Superstonk/comments/ok1bta/the_intermarket_sweep_aka_the_straight_upanddown/) Basically there are usually only 2 reasons that a trade can ever occur ***outside*** the bid:ask range (aka the national best bid/offer or NBBO): 1) ~~some high-frequency jackass submitted 1,000,000 trades in the same millisecond and~~ the computer system responsible for calculating the prices gets .... overloaded .... for no particular reason .... and trades are *not* canceled if it turns out they were outside the NBBO after the computer catches up ([~~this is called "quote stuffing"~~](https://www.investopedia.com/terms/q/quote-stuffing.asp) totally not something ***anyone*** would ***ever*** do on purpose). OR, 2) the trade is marked with trade condition "trade-through exempt" or "611-exempt." [Here's rule 611 from the SEC.](https://www.sec.gov/spotlight/emsac/memo-rule-611-regulation-nms.pdf) As I understand it, the type of trade that is given most frequently given this status in U.S. markets is... + +# The inter-market sweep, or sweep-to-fill order. + +[Here's an ibrokers page that explains what the hell](https://ibkr.info/node/1734). And if you prefer English to Engrish, [here's Investopedia on Sweep-to-Fill](https://www.investopedia.com/terms/s/sweeptofillorder.asp). In summary, sweep-to-fill orders: a) value speed over price- the trader overpays when buying and undervalues when selling- just to get the order done quicker; b) are used **exclusively** by **high-frequency-traders and their trading algorithms,** and they happen very commonly; and c) just happen to show up in HUGE numbers during flash crashes. [Sweeps are covered in FAR too much detail in this previous post](https://www.reddit.com/r/Superstonk/comments/ok1bta/the_intermarket_sweep_aka_the_straight_upanddown/), if you're wanting further info. + +Okay so back to Gabe's data scientists- this next batch of explanations has to do with the poor quality of our trading platforms because our plebeian asses can't afford a bloomberg- + +>3) It's just a graphics glitch (***classic***) +> +>4) It's just carry-over from previous time and sales data points showing up under the wrong candle (*uhm?*) (*more code for lul @ ur poor-person's trading platform graphics glitch??*) +> +>5) It's just canceled trades showing up on your ~~dumb poor-person's~~ trading platform + +Okay so no, no, and no, these trades are in the actual raw data and aren't designated as canceled, more on that below. Sooooo.... nothing to do with any graphics effects. The final round of explanations centers on data and data quality: + +>6) Those are just smoothing errors from the UI +> +>7) Your ~~plebian~~ trading system is bad at averaging and spits out bad values +> +>8) Seriously your data must be bad somehow + +So no and no, because I said *raw data*, meaning no smoothing or fuckery has touched it yet*.* And to number 8..... yea again ***no*** because ***raw data***. + +SO LET'S TALK DATA!! Who in the hell makes those numbers show up on our computers, anyway?? Well, the numbers are compiled by "Securities Information Processors" or SIPs from 6 main data feeds, depending on what exchange the stock is listed on. For **all NYSE-based stocks**, the publicly distributed data is managed by the [Consolidated Tape Assosiation](https://www.ctaplan.com/index) or CTA (yes that's what we need, MORE ACRONYMS): + +[If you've got real-time data on a NYSE-listed stock, it's CTS data showing the price and CQS data showing the bid\/ask from the CTA and SERIOUSLY FUCK THESE ACRONYMS](https://preview.redd.it/hrvd35y3iqb71.png?width=858&format=png&auto=webp&s=e88816c0d689d5878701c369d4fe9b7e3055339c) + +[Here's the wiki page if you're like me and need a REALLY SLOW explanation](https://en.wikipedia.org/wiki/Consolidated_Tape_Association). [Here's investopedia to explain the same thing in a different way.](https://www.investopedia.com/terms/c/consolidatedtape.asp) Basically these SIPs spit out the price/bid/ask information for all our brokerage systems, and yes, ***if you live on planet Earth and use a display trading system with*** [real-time quotes](https://www.investopedia.com/terms/r/real-time-quote.asp)***, your brokerage firm is paying for access to THIS SAME data feed that we all see.*** Think about it logically- this is the only way that we can all trade, simultaneously, while still being protected by the "order protection rule" (making sure our trades land within the NBBO). Don't argue with me, [argue with the SEC, and this VERY long National Market Systems rule](https://www.sec.gov/rules/final/34-51808.pdf): + +https://preview.redd.it/acsyzlf4ttb71.png?width=813&format=png&auto=webp&s=37095105c455e708a941168a3ed43b5f004a41f7 + +If you saw that the pdf was 523 pages long and immediately shat yourself, I got you covered: [Reg NMS for dummies](https://www.nasdaq.com/articles/reg-nms-dummies-2019-05-09). Reg NMS is actually the only reason CTA exists, see [this site explaining NYSE data feeds](https://www.exegy.com/2019/12/consolidated-tape-nyse-feeds/): + +https://preview.redd.it/3c6836uxutb71.png?width=932&format=png&auto=webp&s=e61a259291924c38818888f93728647e28387a51 + +What does this mean? + +# It means the burden rests with exchanges and other "self-regulated organizations" to report accurate data to the CTA (including the price- CTS- and the best bid+ask- CQS). + +If you have a system that has access to the CQS and the CTS feeds ([real-time quotes](https://www.investopedia.com/terms/r/real-time-quote.asp) of [level 1 data](https://www.investopedia.com/terms/l/level1.asp)), ***that feed is correct by definition*****.** If that data has weird prices looks fucky, ***it is not our fault as scientists and retail traders for having access to "bad" data, nor is it our responsibility to find "better" data to prove a point.*** This is the data that daddy SEC uses for Reg NMS, and exchanges are ***REQUIRED*** to report accurate information to ***IT.*** All of the "better data" that Gabe's data scientists keep talking about? ***It doesn't fucking matter to the SEC, so it doesn't matter to our research on strange prices.*** So what do you get when you pay for "better data?" You get decreased latency, increased time resolution, and an expanded level 2 dataset. From [Exegy explaining Consolidated Tape](https://www.exegy.com/2019/12/consolidated-tape-nyse-feeds/) again: + +[I think 64 microseconds \(that's 0.0000064 seconds\) is OK for the level of stats I'm doing. There's this thing called \\"significant figures\\" ... don't hurt your brain, Kenny](https://preview.redd.it/wi2g79gk6ub71.png?width=923&format=png&auto=webp&s=fe17f7e0b9ae68eeb4a9972b78e4dda4f85224f8) + +It's level 2 data that starts to get expensive and varies in quality from place to place- from [Exegy explaining Level 2 market data](https://www.exegy.com/2019/03/level-2-market-data-what-level-supports-your-trading-strategy/)\- + +https://preview.redd.it/lr2264k67ub71.png?width=939&format=png&auto=webp&s=53bc0dc7b45f82096fd774b6d5ecc4a7aba4840b + +***Note that this data, level 2, doesn't matter one goddamn bit to determining whether a trade was placed at a price outside the NBBO.*** So yea, good level 2 data would be sweet and some day I'll get my hands on it, but it's **completely irrelevant to the vertical lines we are seeing = prices outside the NBBO = because that is ENTIRELY the realm of level 1 data.** + +Okay so we're ABSOLUTELY SURE that Fidelity Active Trader Pro(r) gets VALID [REAL-TIME QUOTES](https://www.investopedia.com/terms/r/real-time-quote.asp) of [LEVEL 1 DATA](https://www.investopedia.com/terms/l/level1.asp)? + +# Yes. + +From a [love letter between Fidelity and the SEC](https://www.sec.gov/comments/s7-15-19/s71519-6526198-200427.pdf): + +[That's some high-class pillow-talk right there](https://preview.redd.it/mq07i0aw8ub71.png?width=812&format=png&auto=webp&s=b99e5a6b2ac814cbf360edad0d747f3e13df0de5) + +FUCKIN A' PETER, it's taken us LOTS OF READING and LOTS OF LINKS for VERY TENDER APE BRAINS up to this point to say with **FULL FUCKING CONFIDENCE** this **ONE SIMPLE FUCKING THING**: + +# What you see with your eyes is real. Seriously. + +**(Btw...** [**wut iz gaslighting???**](https://en.wikipedia.org/wiki/Gaslighting)**)** + +Okay, so.... where on your screen does this raw data live? [Level 1 data](https://www.investopedia.com/terms/l/level1.asp) dwells in the "[time and sales](https://www.investopedia.com/terms/t/time-and-sales.asp)" window on your platform. [Level 2 data](https://www.investopedia.com/terms/l/level2.asp), if you have it, can be various places depending on your trading platform. In fidelity, it's the directed trade window- + +https://preview.redd.it/nr1tvumofub71.png?width=1552&format=png&auto=webp&s=460f837d5975862c76ff72ccd10238aab7d31c89 + +So if you're exporting data, and you do it by r-clicking one of the windows with RAW data, you .... uuhhh .... get raw data. How do I know that hedgies do NOT want you to know this?? *Because my materials and methods post on how to collect this data, including some sample raw data sets,* ***was marked as spam and made invisible by reddit despite being posted onto my OWN GODDAMN PERSONAL PROFILE PAGE***. I seriously don't fucking know HOW your data scientists did it, Gabe, but I'm kind of impressed. Bravo. + +# So THAT is where the data comes from, and there is absolutely NOTHING FUCKING WRONG WITH IT. ahem. + +And what does the data say about these vertical lines in our price charts? + +# They are REAL trades occurring outside the NBBO called "market sweeps" marked* with trade condition: "trade-through exempt" or "611-exempt" + +\*if you're rich enough to have a Bloomberg. Only expensive platforms reveal or display sweeps because WHY TELL RETAIL TRADERS ANYTHING as always. Result? It's a SUPER common form of trading for high frequency and algo trading, but *normal retail traders tend to know nothing about them.* And based on flurry of explanations offered by Gabe's data scientists, *they want to keep it that way.* + +So let's get back to these straight lines! The following chart displays REALLY CLEARLY where we're going to peek at the prices first. (This stock tends to have sweeps show up *beautifully* on the price chart and is typically the first place I look to go "glitch hunting.") + +https://preview.redd.it/zfqt8hsyiub71.png?width=521&format=png&auto=webp&s=6c66934d40eeab169028587ca1f8b8807c1a5a07 + +The glitch is SO strong with this one, that anyone navigating back to 7/13 after-hours right now will be able to see some of them. (If you're now noticing that these sweeps seem to happen right around the *same time* nearly *every day* during *after-hours*.... stay tuned for future posts 😉 this one's too fuckin long already.) + +So I peered into the data for this time period- 4:35 to 4:50pm on 7/13- and then decided to graph it for all my friends who don't read so well- + +https://preview.redd.it/l2iknlwpkub71.png?width=1834&format=png&auto=webp&s=d4feb6d2ca1dbda2a3d2b106b0704270dc83e132 + +Those big green crayons? All sweeps, corresponding to those pink dots (last price of the trade) wayyyyyy above the bid-ask range. Did I mention something about a correlated pattern? + +**Here's GME for the same time frame**\- + +https://preview.redd.it/zjq52z2zkub71.png?width=1848&format=png&auto=webp&s=0652e78e91997825713b3ae198123e6467bb99b8 + +Gimme some AAPL! + +https://preview.redd.it/82evk8hhlub71.png?width=1837&format=png&auto=webp&s=6c938b8c3c3c051721d22d6d59989b986b72cc9b + +Mix things up a bit with some TSLA! + +https://preview.redd.it/2183rrnjlub71.png?width=1843&format=png&auto=webp&s=7570e6c8690bde7e6f9820c9d5eb62830b3d2b27 + +Go the OTHER DIRECTION (sweep to SELL!) with amazin' AMZN! + +https://preview.redd.it/cg8xr8qolub71.png?width=1843&format=png&auto=webp&s=858289c07f4d86dabb810fc46b4f13224860b574 + +Come on back with a taste of MSFT--- + +https://preview.redd.it/c7vmpkaxlub71.png?width=1839&format=png&auto=webp&s=60f48497c01d4288ba84aac92fe0e81558a2ce5a + +And then cleanse your pallate with NVDA before dessert--- + +https://preview.redd.it/nq8dccs4mub71.png?width=1840&format=png&auto=webp&s=77bac4135a9330808eba5b9ef57bb8598a1e77c0 + +Because to finish up I've got an ETF banana sundae for your pleasure... + +&#x200B; + +https://preview.redd.it/orfedhuamub71.png?width=1844&format=png&auto=webp&s=1d41bb2784465aa105ccbcb85d636cb681d778e7 + +And no.... I barely understand ETFs as it is.... I have NO idea how this works with ETFs, only that I made a pretty picture of it happening. Wrinkle brains halp pls. + +Is this the *FIRST* time that fucky data has been detected? Noooope, I posted [these rantings of a stats and crayon-fueled lunatic](https://www.reddit.com/r/Superstonk/comments/n0a0hf/proof_of_artificial_price_movement_spreadsheets/) over two months ago, but didn't know what the fuck I was looking at. + +Am I the *ONLY* person who has noticed all the insane crap in this data? Nope, u/Pubertus posted [similar findings over two months ago](https://www.reddit.com/r/Superstonk/comments/n7ahcl/found_something_funky_on_the_dark_pools/?utm_medium=android_app&utm_source=share). A HUGE number of trades priced OUTSIDE of the NBBO in an occurrence that was HIGHLY CORRELATED ACROSS MANY STOCKS. + +**This brain wrinkle has been forming for a LONG fucking time now.** + +So I guess.... here, at the end of all things... the only question that I ***still*** have, is.... + +# HEDGIES, WHY ALL YOU MA'FUCKERS LYIN' SO MUCH ABOUT MARKET SWEEPS?? + +[dead. kittens. everywhere. LOOK AT WHAT YOUR DATA SCIENTISTS HAVE DONE, GABE](https://preview.redd.it/pfxghu9kyob71.png?width=638&format=png&auto=webp&s=b9d61d2a0dfb7d2c0820f94c6b4fcdefb2d68a1f) + +# TADR: These bitches ain't glitches, "straight line thingies" are MARKET SWEEPS from HIGH FREQUENCY TRADERS and are HIGHLY CORRELATED across many stocks. hi kenny 🤭 + +Obligatory emojis: 🦧🦍🦧🐱‍👤💎🙌🚀🚀🚀🌙🖍🌌🍌 + +[ ](https://preview.redd.it/0dh1g19bqob71.png?width=1180&format=png&auto=webp&s=a5677bedb01128308e50ec49c1087287cfe39130) +Made my first offer on a unit (Melb, Pre Auction) yesterday and lost out to due to the vendor preferring an unconditional offer. The agent was super super pushy to get me to sign an unconditional contract which I just wasn't comfortable doing. +Moving forward am I going to have to accept unconditional contracts to stay in the game? +The fact that this seems to be standard practice for what is the largest financial decision you are going to make in your life seems insane to me!?! +If you're an Afterpay shareholder I would be very cautious. Going to sell out of my positions today. + +Shopify just announced native BNPL for all US merchants, this is unannouced but they will most likely partner with Stripe for this, Stripe has a fuckton of financial data to analyse chargeback and default risk also. + +Afterpay's growth in the US depends heavily on these smaller merchants like Kylie Jenner, Fashion Nova and Jeffree Star Cosmetics which all run on Shopify. +There have been a ton of questions on here recently about improving a credit score. Understandably, people get frustrated since it seems like there isn't much you can do in order to fix it. I wrote this up yesterday but I think it got caught in the sub's filter. + +Seeing the #1 post on here today, I'm going to write a guide to identity theft as well. + +**Finding Your Credit Score** + +Unlike your credit report, credit bureaus are not obligated to tell you what your credit score is once a year. It helps to get a frame of reference to start from when you’re trying to repair your credit which is why I’d recommend using either [Credit Karma](http://www.doctorofcredit.com/credit-monitoring-services/creditkarma-com-review/) or [Credit Sesame](http://financeography.com/credit-sesame-review/) to find your credit score, otherwise known as your VantageScore. This is what most credit card companies and other lenders will use in determining your creditworthiness. You can also pay for a $1 trial at any of the 3 major credit bureau websites (Equifax, Transunion and Experian) but it only lasts 7 days and they automatically rebill you between $20-$30 a month after the seven days are up. + +At the same time, I’d also suggest getting your credit reports from [AnnualCreditReport.com.](http://annualcreditreport.com) This is the website the three major bureaus use to satisfy their annual credit report requirements to consumers. If you’re trying to work on your credit score, I’d suggest drawing all three reports at once since they look different for about 90% of people who have used credit in the past. You’ll be able to to get updated credit reports in the future before the year is up, which I will touch on a bit lower. + +Once you have your scores and credit reports in hand, it should be fairly easy to see what’s hurting your credit score. High balances on credit cards, collection accounts, charged-off accounts, settled accounts, etc. + +**Paying Down Credit Card/HELOC Balances** + +This is probably the easiest way to raise your credit score since credit utilization is one of the biggest factors that go into determining what kind of score you have. People who might lend to you would much rather see you using $50 of a $1000 credit line (5% utilization) as opposed to $950 (95% utilization). [Getting your utilization down](http://www.bankrate.com/finance/home-equity/heloc-like-credit-card-account.aspx) under 10% is ideal and your credit score will reflect it within a month. It is not uncommon to see a credit score rise 40 points or more just from paying down a credit card. + +**Credit Report Investigations** + +Making the credit reporting bureaus investigate items on your credit report is something they are required to do by law. Take note of everything that looks bad on your reports **with the exception of accounts that are one or two months late right now**. Give your creditor a call on accounts that are just a month or two late, ask them to waive the late payment/fee that is associated with the late payment and many times the late mark will come off of your credit report, or prevent it from going on in the first place. + +You’re going to be [writing three letters](http://www.myfico.com/crediteducation/rights/sample-credit-report-dispute-letter-of-explanation.aspx) - one to each of the credit reporting bureaus. In the letters, start off with your name/address/DOB and a sentence that basically says “My credit report file number is (enter the file number of your report here) + +“I request an investigation into the following accounts confirming the accuracy of all reported data:” + +You’ll then list the creditor name and your account number (or the last few digits, whatever the report shows) for every account with negative information in it. + +Sign/date it and ship it to the credit bureaus, here are the addresses you’ll need: + +Equifax +P.O. Box 740256 +Atlanta, GA 30374 + +Transunion +Consumer Dispute Center +P.O. Box 2000 +Chester, PA 19016 + +Experian +P.O. Box 4500 +Allen, TX 75013 + +Be sure to send these via certified mail in order to receive a tracking number. The bureaus will have 30 days to complete their investigation starting the business day after they receive your letter. + +It’s also possible to dispute accounts online but for credit repair purposes you don’t want everything to be completely automated. A human may never see or touch your data if you file the disputes online, causing everything to be done automatically just from accessing databases. The creditor is supposed to actually conduct an investigation but it can be hard to prove whether they did or did not. Getting your letter into the hands of a human adds another step for the bureaus and your creditors to follow which can increase the chances that the negative information will fall off of your report. + +After 30 days, you should be informed by the bureau what the investigation found. If there was an error, it will most likely be corrected. If they don’t hear anything back from the creditor, the account should come off of your credit report. No matter what, you will be entitled to see an updated copy of your credit report, even if you’ve already used your free copy from AnnualCreditReport.com. + +While a removal due to an investigation or lack thereof may remove an account, there is always a chance that it might be placed back on there in the future. + +**Removing Collections Accounts** + +Collections accounts are placed on your credit report by agents acting on behalf of creditors. Debt collectors, especially shady ones, might try just throwing an account onto your credit report and hoping that you pay it off. This is referred to as “parking” a debt, which isn’t necessarily illegal, but in many cases a debt collector does not follow the law when doing this. + +The [FDCPA](https://www.ftc.gov/enforcement/rules/rulemaking-regulatory-reform-proceedings/fair-debt-collection-practices-act-text) and [FCRA](https://www.ftc.gov/enforcement/rules/rulemaking-regulatory-reform-proceedings/fair-credit-reporting-act) come into play when trying to remove a collections account. There are a laundry list of rules that debt collectors have to abide by to legally come after you for money but the one many of them fail to follow involves giving you required written notices. + +Debt collectors can call you before writing you but they are required to send you a letter detailing your debt within 5 days of first contact with you. If they fail to do that, it’s an FDCPA violation, same goes for failing to tell you that they are going to report negative information to a credit reporting agency regarding your account. Catching them doing this can almost always result in an offer to pull the account from your credit and possibly wipe out your debt depending on what you owe. You might need to talk to a consumer attorney about this however, but most should readily take you as a client since they get to charge their fees separately, which can quickly climb into the thousands. + +If you’re learning about a collection account for the first time from a letter in the mail, you need to send them a [debt validation letter](http://financeography.com/why-debt-validation-is-so-important/) to make sure that your right to dispute the debt stays intact. Even if you receive the letter a long time ago, you can still send the validation letter to get them to acknowledge the facts about the debt. A surprise collections account on your credit report, assuming it wasn’t added in the last few days, is almost always going to result in an [FCRA violation](http://www.nolo.com/legal-encyclopedia/most-common-violations-the-fcra.html) for failing to tell you they are giving negative information about you and your account to a credit reporting agency. + +Collection accounts stemming from a credit card company and some auto loans may be eligible for [binding arbitration](http://financeography.com/consumer-arbitration-can-help-with-credit-card-collections/). Many debt collectors will drop your case immediately once you elect arbitration because it can easily cost them several times more than the amount of your debt. Consumers trying to repair their credit can use arbitration their advantage by electing it immediately with a debt validation letter, preventing a debt collector from suing. + +Most debt collectors will actually wait until you pay your portion of the arbitration fees ($200-250 max, $0 for California residents) before either reaching out to settle (which can result in a removal of the account from your credit report) or just dropping it entirely. + +Some debt collectors will ignore arbitration demands, even if it clearly spells out the procedure for it in your original contract. When this happens, you can force it in small claims court, or pony up the $400 for a federal court case. Going either of these routes will almost always result in the arbitrator awarding you the fees that you had to spend up til that point in order to force the debt collector to the table, at the very least. + +Other than electing arbitration, if a credit agency investigation concludes the debt is valid, you can write another letter demanding to know [exactly how the investigation took place and who was in charge of the investigation](http://www.consumerfinance.gov/about-us/newsroom/cfpb-puts-companies-on-notice-about-duty-to-investigate-consumer-credit-report-disputes/). Sometimes the credit reporting bureau will respond back with the information, sometimes they will just drop the account themselves. + +**Dealing with Charge-Offs/Settled Accounts** + +[Charge-offs](https://www.nerdwallet.com/blog/finance/credit-card-debt-charged-off/) and settled accounts are a tougher nut to crack as opposed to collection accounts. Most of these types of accounts will come from credit card or personal loan companies. Your local payday lender might go out of business within a couple of years, or may not be quite as diligent about records, but a major credit card company is going to have everything documented and readily available. + +The above information about credit reporting investigations applies to these accounts as well, just do not be surprised if they tend to stick. Some credit card companies might remove your payment history from the account, which can help with your on-time payment percentage, but the line will still remain visible to others who pull your credit. + +If you believe that they may have committed an FCRA violation, talk to a consumer attorney about starting a case against them. Like I said, even if you only get awarded $100 for the violation, your attorney might make thousands. Part of your agreement should mandate that they remove the entire account from your credit report, possibly in lieu of payment (to you). + +As a last ditch effort, you can try writing goodwill letters to individuals high up the chain-o-command at the credit card companies. Most likely, you will get rejected, but you may be able to find someone compassionate enough to forward your letter to someone who can remove the information. + +**Statute of Limitations** + +New York residents only need to wait 5 years before negative information comes off of their credit report while everyone else has to wait 7 years. The kicker here is that most consumer debts have a statute of limitations of only [3-6 years](http://www.creditcards.com/credit-card-news/credit-card-state-statute-limitations-1282.php) (except Iowa and Rhode Island, both at 10 years) depending on which state you live in. The information can still stay on your credit report for the full 5/7 years, but the creditor or debt collector cannot attempt to collect the debt. + +In these cases, when all else has failed, you can write a debt validation letter but be extra careful to not claim the debt as yours. Refer to the debt as “alleged” and make no mention of wanting to pay anything. At this late stage, the creditor or debt collector doesn’t have to respond to your letter, if that happens, there isn’t much you can do. What you’ll often find with validation requests though is the creditor will include a letter stating that this debt is “valid” and giving you a phone number to call to discuss payment options, along with documentation proving the debt is valid. Count yourself lucky if this happens because you’ve got them on (probably multiple) FDCPA violations. Get your attorney and get the process started, just be sure one of the terms of your settlement (debt collectors will almost always settle if they know they will not win in court) is to have the negative information take off your credit report. + +One important thing to note here is that the [FDCPA only applies to debt collectors](http://www.nolo.com/legal-encyclopedia/what-is-the-diffrence-between-debt-collector-creditor.html), not to the original creditor. A Capital One account that defaults and is sold or assigned to a debt collector means the debt collector needs to follow the FDCPA. If Capital One wanted to keep the debt themselves, they wouldn’t have to follow FDCPA guidelines. + +**Special Notes** + +**Federal Student Loans/Tax Liens** - You can dispute, validate, send goodwill letters, and argue until your face turns blue, but these types of cases are going to stay on your credit report until they are paid. Once you’ve paid a tax lien, there is a form you can file with the IRS to [get the process of removing it from your credit report started](https://www.irs.gov/pub/irs-pdf/f12277.pdf). Federal student loan information will stay on your credit report for 7 years after it is paid off. + +**Court Judgements** - Disputes may work with court judgements but you will still owe the money they say you owe. It can help your credit score but pay off the judgement or they will still have grounds to put it back on your credit report, this time in the form of a collections account. It may also be possible to have the judgement vacated, which will remove it from your credit report, but that only happens in certain circumstances + +**Goodwill letters for late payments** - I explained that goodwill letters are a last resort measure if nothing else works for accounts. You may have slightly better luck with a goodwill letter if you just want late payment information removed, though there is a much better chance than not you will still be rejected. + +**Being added as an authorized user on someone else’s credit card** - This can help your credit score in the short-term but any lender taking a close look at your credit will see exactly what you are trying to do. + +**Hard Inquiries** - For the most part, don’t worry about them. Shopping around for rates is expected and your credit score might take a slight dip after 30 days that it will recover from within a few months. + +**Resources** + +http://financeography.com + +http://myfico.com + +http://creditinfocenter.com + +http://ftc.gov + +http://bankrate.com + +Larry Summers continues to make this argument but he doesn't provide any evidence to back his claim. Does anyone else know of any data that can support his claim? +Most universities run some sort of 'history of economic thought' course where notable historical economic thinkers or schools of thought are taught and studied. In my course, we learnt about the Classical Political Economy (Smith, Ricardo, Malthus, Mill, Marx) and the Neoclassical School (Walras, Pareto, Marshall, Pigou). As someone who is neither male nor white, I couldn't help but notice that *everyone* we studied *was* male and white. There is a quote that says "philosophy is the study of dead white men," and it seems that economics might be the same; the recent events in America have made me think about the Eurocentrism in my university course one again. + +Before you call me an 'SJW' or 'snowflake', I completely acknowledge that the aforementioned men are studied for a reason, and their seminal works are extremely valuable in shaping the discipline of economics—but I highly doubt economic thinking was exclusive to Europe. However, to my mind, I can only think of one notable non-white thinker: Ibn Khaldun. Even in terms of non-male economists, there also seems to be scant female representation in the field (Joan Robinson, Rosa Luxemburg....I think that's all I know!). This paucity has carried through to the present, with economics still remaining a male-dominated discipline. + +Could anyone suggest any interesting, non-white or non-male thinkers? Personally, I feel that it would be beneficial and interesting to expose myself to different viewpoints as a comparative approach— what are your thoughts on the matter? Do you agree, or do you disagree and think this is all unnecessary? Does academia need to be "inclusive" if all relevant/notable ideas worth studying just happen to come from white men? If you come from a non-western country, are you also taught the same content, or are your studies more diverse? +I have seen many marxists who are against capitalists fundamentally. To the point where they say the existance of the capitalist class is inherently exploitation, and I'm not sure I understand why. My definition of the capitalist class has always just been "the investor." The idea of the investor getting returns on investment makes sense to me, because their is more risk involved with investment. + +When I have asked this I am often told that I am already working within the parameters set to me in a capitalism and am wrong and this confuses me. What do they mean? + +Hypothetically lets say we are communists and I give 50 apples to everyone at the end of the year. These apples are special in that you are supposed to eat the seeds. If 10 of the people choose to not eat 5 apples and instead plant them, do they not deserve both a fair portion of the produce of the plant based on their effort put in PLUS deserve 5 apples worth back with interest because they had to give up the happiness from that year. They lost 5 apples worth of happiness. If they are expected to share with everyone does it not make sense that they would get a slightly bigger proportion to make up for the lost happiness and the risk associated with those apples not ever sprouting and bearing fruit? + +Edit: it seems to me like the arrangement in the above paragraph is completely fair and in line with the existance of an investor, or as I understand, a capitalist. If this kind of capitalist is good, and beneficial to society, why should they not be allowed to exist? If some can exist, wouldn't it possibly imply that there might need to be "bounds" to capitalists rather than the destruction of them entirely? +Complete layperson here. At $15/hr wouldn't more people qualify for a mortgage all at once, increasing demand and then the cost of? + +Like, fantastic! Now we can qualify for a house! Oh wait housing just went up 1,000,000% nevermind + +I'm also thinking that at $15/hr they would qualify for low priced homes, but *these* homes seem to get snapped up by investors and flippers. Years ago there wasn't much of this and if you didn't earn much you could get a fixer upper. Now those are harder to find? Idk? +I was thinking about inflation after hearing someone discuss how much less $1 buys compared to 100 years ago, and All I could think is, does it really buy less? Cause I can cocaine free, ultrafiltered, supersweet cola for $1, sometimes less, sometimes more, and you couldn't get that 100 years ago. + +In 1960, sure go to the movies for 10 cents or whatever, but now you can go to the movies and sit in leather recliners, drink wine and eat butter rich popcorn and see Avengers for like $50 bucks or whatever (concession prices are inflated) so like ARE we actually seeing less value for dollar spent? And is this loss in value actually representative of the amount of dollars in the economy? or is it more related to the quality of products going up? +1. For the European countries where higher education is free, does the government pay all the tuition? If yes, then what stops the university from increasing tuition fees to hundreds of thousands or millions per student per year? They don't need to care whether a student can afford it, and the government can't back off because it already promised to pay it all. What are the checks and balances on the university? + +2. Similarly, what are the checks and balances on doctors, hospitals and pharmacies? + +Edit: PS: I'm asking this just because a friend raised concerns that - + +* If US cancels all student debt, and continues to cancel it forever for all future students, then that just means the government is paying the universities whatever crazy prices universities are charging, and the prices will only increase if that happens. +* If the US cancels first 50k of student debt, then gradually all tuition fees will only increase by 50k in a few years. This is because the prices are not determined by how much it costs and what a reasonable profit is, but by how much a student can pay. So if the student can pay 50k more, then that's just the new equilibrium. + +But of course most developed countries have figured out a solution, so wondering what the missing links in the US are, before a blanket debt cancellation makes sense. +ARKK ARKF ARKG ARKW THCX XLE QCLN KOMP VTI VXUS ? Mostly in VTI and VXUS. Is this to many or should I be more diverse? Any suggestions? This is my Roth IRA currently. What do you think? Trying to not just stuck in one sector. Still young btw. +I was reading this book "Just keep buying" by Nick Maggiulli and there is a data point in there that made me pause: + +*"Just 4% of stocks from 1926 - 2016 created all the excess return for stocks above U.S. treasury bills. Can you be sure you can find the one of these 4% of stocks and not pick one of the 96%?"* Source [here](https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2900447) and [here](https://books.google.com/books?id=GjBlEAAAQBAJ&pg=PT122&lpg=PT122&dq=Just+4%25+of+stocks+from+1926%E2%80%932016+created+all+the+excess+return+for+stocks+above+U.S.+Treasury+bills&source=bl&ots=BUf7Xlqq95&sig=ACfU3U1Ita3DKGPg_lyBiq2k_JM3rH-v-Q&hl=en&sa=X&ved=2ahUKEwiHzdKe2Kv5AhUej4kEHdlAAXQQ6AF6BAgDEAI#v=onepage&q=Just%204%25%20of%20stocks%20from%201926%E2%80%932016%20created%20all%20the%20excess%20return%20for%20stocks%20above%20U.S.%20Treasury%20bills&f=false) + +Add the fact that most mutual fund managers/teams, that focus on actively picking stocks for their career, can't seem to consistently beat or even match their respective passive indices/benchmarks (especially after fees). + +Why do people continue to try and do stock picking like we could be one of the few Warren B's that can identify the 4%? +Guys, why shouldn’t I just allocate some of my NW in something like QYLD and just live off the dividends? It would easily cover my current expenses (and I still run a business) but I could entirely quit my day job and focus on family/growth …. Is this fire without me knowing it ? +Guys, why shouldn’t I just allocate some of my NW in something like QYLD and just live off the dividends? It would easily cover my current expenses (and I still run a business) but I could entirely quit my day job and focus on family/growth …. Is this fire without me knowing it ? +Can anyone comment as to how this can happen/ what it means? Clearly some sort of bot at work here. + +https://preview.redd.it/iqqdnk4gn8371.png?width=2804&format=png&auto=webp&s=1560886eb1b54012ce1c8c105154ba03dcc1324f +I just started trading at the start of last year, but i only managed to maintain my account at break even. Last few months, i started puting together a dozen of strategies and back testing them. Some of them gave much higher return but involved too many indicator and gut feeling. However one of them standout for me. This strategy has a 61% accuracy with risk and reward ratio of 1. So, i would like to know if this strategy good enough or there are other strategies out there that can give much better return that I need to work harder to find it? +Would anyone be able to recommended a place or site I could learn to trade, I have little to no knowledge on trading but a few of my friends have recommended getting into as they have ditched they’re part time jobs for it. I’m 18 and currently work at McDonalds before I got to university. Most of the information or the courses online just seem to want my money and don’t actually provide sound information. If anyone could recommend a good platform, helpful books or even anecdotes of how you started I would really appreciate it. +All over the internet I see people bashing technical analysis. However, they never state an alternative trading strategy. They just ramble on and on about how technical analysis is astrology. So to anyone who hates technical analysis, please tell me how you trade. + +Until someone tells me that there is a superior strategy to technical analysis, I will continue to believe that technical analysis is valid, as there are tons of people who trade successfully using technical analysis. +Not so gargantuan ⠀for anyone else but I just finished my tax and thought I’d check how much I had left to go and realised I only had about $400 owing. I know it won’t be current since I’ll have paid some but whatever, I needed the moment so just paid it all out now. There’s no one else home and I needed someone to share my happy moment 🙂 looking forward to letting our business manager know on Monday and my next pay. That extra cash is going straight into savings that’s for sure +How to differentiate between index funds if most (low expense ratio)index funds have almost same % holdings in the same companies which constitute nearly 60% of their holdings? + +If those funds have almost the same proportional holdings, what brings the difference in favorability and their metrics? + +Instead of investing in index funds, how about just buying the proportionate stocks and holding them. Are there any cons in this scenario? +Hi all, interested to hear your thoughts on this. + +You've got 100k cash. + +Let's say it's a given that one property you're looking at is hovering right around the 1% rule. + +Purchase price is 190k and it'll rent for $1,900 monthly. + +If you put 20% down, it just hardly even cash flows with interest rates where they are (I'm calculating 7%), taxes, cap exp, insurance, vacancy, and management. + +Do you feel it's worth it to: + +1. Buy a few properties at 20% down +2. Increase the down payment to get better cash flow but maybe only have 1 unit. +3. Pass and wait for better deals + +With #3, I've been watching an area I'm super familiar with for about a year now and there's just absolutely nothing in terms of a deal (I know it's mainly due to the housing market). I'm not opposed to passing until something comes up, I just worry that I'm getting paralysis analysis and trying to time the market, etc. + +Let me know your thoughts and philosophies on this. I'm super interested. +The article down below looks at why holding cash is bad, with an interview piece that features Warren Buffett. . The disadvantages of cash, inflation is obvious to most investors. This does not mean you should always invest all your cash. + +[https://www.financialstockdata.com/hold\_cash](https://www.financialstockdata.com/hold_cash) + +Edit: This article does not say holding cash is bad for short periods of time. As the article states deals need to be there. I see a lot of discussion which is great. I think I should have be more clear from the beginning. It is more the title of the article. +Right now, my portfolio is rather tech heavy. J.P Morgan is basically my only non-tech stock. I want to diversify a bit. What do you recommend ? I feel like right now the energy and commodity sectors are overpriced, due to the Ukraine situation. Right now I am thinking about Blackstone ad it gives me exposure to PE and RE. Maybe also Procter & Gamble. What other stocks could you recommend +Not sure where to have an intelligent conversation about this, figured valueinvesting has the best mindset for discussion. + +To me, a good jobs report means more aggressive FED. So who is buying into this tech rally on THAT news? + +If my understanding of aggressive rate hikes are correct, then Tech will just dump over next week or so.... + +What are other thoughts on this? +Hi everyone, + +My girlfriend (30f, German) and I (34m, American) have have saved roughly €50k which we plan on using to help buy a house someday. We live in the Netherlands and just had our first child. We've realized that that, as much as we like the Netherlands, it probably makes more sense for us to be closer to family in the US or Germany, so we'll hold off on buying until we move in the next year or 2. + +Currently that money is sitting in an ING account accruing exactly 0% interest. I know interest rates are super low right now (or even negative for higher amounts), but that still feels like a waste. Any suggestions on where we could park it instead? For this money we're pretty risk averse, so we're basically looking for something low-risk, but still giving us more than than 0% we're getting now. And it doesn't have to be super liquid since we'll need it in a year or 2. Also, our current plan is to continue to add about €2k a month to that sum, although with childcare costs that may not be feasible. + +My first guess was to just shop around to see if there are savings accounts we could move it to. Also, given I'm American and my gf is German, we could conceivable move it into something in either the US or Germany. Any other suggestions? + +Thanks for reading! +I recently found out that my grandparents opened an account and bought stock shares for me when I was born in the 90s. The account was forgotten about for 15 years after my family moved and my parents didn’t notify the bank of the address change. At the time, I owned distributing shares in Volkswagen AG, Daimler AG, Bayer AG, Lanxess AG, as well as in Lufthansa AG in the amount of ~10.000€. There’s nothing in the paperwork to indicate the shares were due to be sold at any predetermined point or part of an official fond. + +When I contacted the bank in question, I was told the account was no longer in their system. They later confirmed it was archived in 2019, with a bank balance of ~2000€ - and an empty depot. It was relayed to me that by the time the account was archived, the depot must have been empty because they do not archive depots which hold stocks or other securities. + +Now both the account and the depot are in my name, and though I was well into adulthood at that point, I had no idea the shares even existed, so obviously I didn’t sell anything. And even if I did, none of that money ended up in my account. As of now, it seems like it’s just gone. + +Does anybody have any idea what could’ve happened in a situation like this? I’m so confused. +How does a guy like me, a 19yr old undergaduate in history, find and build his 'circle of competence' from among a bunch of super technical fields like infrastructure, realty, FMCGs, banking, software, pharmaceuticals etc. +HI My name is Vincent ! I am in Rwanda! I want my children to have quality education in Germany, Netherlands and the UK. I feel this is the right time start saving for their University education in the for the next 10-15 years! can anyone advise which companies/schemes/Insurances can allow me to save for them. When the time is right they can pay for their education. +I have a lot of money saved (20k)for someone my age(17), the problem is I’m paying for college by myself. I’ve worked crazy hours since I got my first job at 15 & saved all my money (should have 30k saved by the time I enter college)but it won’t even cover a year of tuition and boarding. I don’t have contact with my parents & my legal guardian isn’t contributing and says I can’t live with them once I graduate. So I plan to go to a public in-state university & live in a dorm while taking some online community college courses to save money(community colleges near me don't have housing and rent is insane). My current major of choice is nursing and I haven’t yet filled out FASFA. I’m also getting my EMT license & plan to work while attending college, realistically I’ll work at least 24hrs weekly. How do I go and finish debt free, while spending the least amount possible? +[2015 reported earnings of Ken Griffin per court records.](https://www.cnbc.com/2015/03/03/ken-griffin-makes-68m-a-month-after-taxes-ex-wife-says.html) + +Ken Griffin’s post tax earnings for various periods of time: +$816M per year +$204M per quarter +$68M per month +$17M per week +$2.43M per day +$101,250 per hour +$1,687 per minute +$28 per second + +So when FINRA issues a fine to Citadel you would hope for relative punitive impact. The typical FINRA fine for a typical violation is $15,000 or less. +[FINRA - Citadel Securities profile and fine history.](https://files.brokercheck.finra.org/firm/firm_116797.pdf) + +And for Ken Griffin, that is equivalent to about 9 minutes of earned income, post taxes. + +The average annual household income in the United States is about $66,000. If you were to apply the same relative fine to an average citizen it would $4.75. But what fines for violating a law would an average person pay? + +The average parking ticket fine in Los Angeles, California is $50. This is equivalent to 10x the impact on a person of average income when compared to a typical FINRA fine to Citadel securities. And the largest fine to Citadel was $275,000 which is equivalent to a few speeding tickets. The total of FINRA fines for 2021 to Citadel is equivalent to the cost of a building permit for a single-dwelling house + cost of appraisal. The closing costs you pay when buying a home is the equivalent of what Citadel pays in 3-4 years of fines for violating the law. The price you will pay in interest on a 30-year home loan is the equivalent to the income that Ken Griffin makes in 3 hours. + +In other words, the impact of fines from FINRA to Ken Griffin is equivalent to 0.7% of his annual income or a few days pay. The same as a few speeding tickets to you or me. + +And keep in mind that I’m isolating this to the income of Ken Griffin. [Citadel Securities is valued at $22 Billion](https://www.cnbc.com/2022/01/11/citadel-securities-valued-at-22-billion-after-investment-from-sequoia-paradigm.html). + +So for the organization, the impact of these fines from FINRA each year is equivalent to the cost of a McDonald’s Big Mac when using the total cost of FINRA fines in 2021. If you added up all of the FINRA fines paid by Citadel over the last 4-5 years it’s equivalent to what you pay for a bucket of Kentucky Fried Chicken or the cost of a few large pizzas from Domino’s. + +These fines are designed to look big to the average person with no knowledge of the total income of these hedge funds. For the billionaires, it’s nothing. The inequity that exists today is disgusting. Your typical CEO of a tech company makes more money between breakfast and lunch than the average US household makes in one year. + +Fines for these hedge funds are procedural inconvenience. That’s it. +edit: 70% upvoted, shills hard at work and i just posted this. just go buy some damn gme shares and you'll make more than whatever the fuck you get paid to downvote gme posts 🤡 + +Apes and Apettes, finally some mothafuckin ACTION! Welcome back to your (sort of daily) price action recap and price levels to watch for the week. I'm your host u/possibly6 and boy do I got some sweet confirmation bias for you. + +As always, this aint no mothafuckin financial advice, hoe. The views expressed here are solely my approach to investing in this specific equity. I ape an am. + +obligatory. + +My apologies for not posting daily anymore, I try to post updates every day but I'm a full time student and run a trading group so if I ever miss a day, just assume I'm a very busy ape. + +Anyway, finally a decent green day for GME. Did you buy more? I know I did. I buy at least 1 share every day the squeeze is not squoze, I'm happily in the triple digit range now and if I wasn't a broke young ape I would have many more (I buy more from my trading profits but I'm running out cause I'm 100% GME lol, I don't come from a super wealthy family or anything. Learning how to trade the markets is a priceless skill) + +So what happened today? Here's a view of GME intraday. + +[5m view ](https://preview.redd.it/h77v1jnfl7t61.png?width=2856&format=png&auto=webp&s=c47c24ee6c325d90438335615ce337d331a9e5cd) + +2 hours into the trading day, GME was up 29.81 points on higher than usual volume. Compare the volume bars of yesterday and today, you can clearly see the relationship. + +If you missed my last post, I trade off mainly elliot wave theory now. I am nowhere near an expert, but have been putting most of my time into learning it, and I must say I am pleasantly surprised. + +Here's the 4 hr view of GME so you can visualize my waves. + +[4 hr view](https://preview.redd.it/g58z4f8gr7t61.png?width=2854&format=png&auto=webp&s=b49c2ecdd57dc1e0abf9e26cd101ea2446af60e1) + +Yesterday appeared to complete our wave 2 retracement at 132 so I updated my targets as follows. I see today's movement as wave 1 of 5 inside of a bigger wave 3 of 5. If today's movement is still wave 1, it would be confirmed by a push to 181-183 ish. If that happens, expect a retrace to about low 160s high 150's, followed by a push to 230+ to complete wave 3. Given today is a wave 1 of 5 inside a 3 of 5, there are 5 waves inside of THESE waves. + +What's important is we **BROKE THE DOWNTREND !** this confirms that we are no longer in a corrective wave (2) and in fact starting wave 3 of 5 (white line that goes up) + +That being said, we did not hit my first target price today of 181. We retraced 50% of the first move intraday today to 158.55, confirming the move from open to the HOD was indeed a wave 1 of 5. Remember wave 2 (correction after wave 1) targets at least a 50% retracement of wave 1. **Look at the white line.** + +[5m View](https://preview.redd.it/jyrvwcton7t61.png?width=2856&format=png&auto=webp&s=1d3e42f672fc4091c885e3ab48d6cc3770f1950c) + +Now here's where it gets interesting. This likely won't make the most sense but I will try my best. Remember how there are waves inside of waves and they follow the same rules as the bigger waves. Let's connect yesterday's low to today's high and see what the retracement targets come out to. Remember we're looking for minimum 50%. + +[1hr view](https://preview.redd.it/z0872t1mp7t61.png?width=2868&format=png&auto=webp&s=6cab9219b5a1a6eeffaf0ec2b63a0c7313b32e50) + +The purple lines represent the waves inside the waves inside the waves (a lot to stomach i know, my head is spinning trying to explain lol) with **ROUGH ESTIMATES** from someone who literally just started studying EW theory, so take it with a grain of salt. + +To confirm our retracement, I am looking for price to hit somewhere between 153 and 155. After this is hit, wave 3 targets a 1.618 extension of wave 1, putting our **ROUGH** wave 3 of 5 pt between 238 and 240. We could very well blow right past it as their is a lot of shit going on behind the scenes that could ignite this rocket, but from a basic TA perspective thats what I'm looking for tmr. + +The main reason I don't write these as frequently anymore is because even as a technical trader, I don't care about the price. Last time I checked its not at $10,000,000/share, so the only button I can see on my brokerage is buy. + +Real quick before I sign off, it's important to note the relative volume. Sure, we finished up over 18%, but volume was only 21m. Can you imagine how explosive this rocket will be when we have some serious firepower in this bitch? + +&#x200B; + +[Daily View](https://preview.redd.it/y35xsw58r7t61.png?width=2850&format=png&auto=webp&s=6f44fad419573006a69434edcc3e6eea69dd261d) + +This is probably very confusing so I will explain what I am seeing in ape terms. + +TLDR: Good price action today on relatively low volume. Using EW theory, I would like to see a retest of 153-155 before making the next leg up to 200+ in the very short term. If you can scoop up shares for sub 200 you're still getting a steal of a price, what goes down (artificially) must go back up! 🚀 + +&#x200B; + +obligatory 🚀 🚀 🚀 🚀 🚀 🚀 + +Edit: I bought a shirt from GameStop and posted it on my insta story, they saw i tagged them and actually responded! that was all the confirmation bias i needed. + +https://imgur.com/gallery/1ypF9v3 + +Edit 2: 2 hours into trading today, my wave 2 target was hit. If we hold these levels we’re looking good into wave 3 😎 https://imgur.com/gallery/dtCzntW +I’m 18 currently senior in high school I started a vending machine company with $1,000 when I was 15 . I got the initial money from hustling all summer washing cars, houses, building computers, you name it I was doing it. Since then I have grown my business to 6 machines and 4 locations. I mostly reinvested all the money into the growth of the company and I took $1000 to put into the stock market. I grew that to $11,000 since I turned 18. I have a couple thousand in my checking account. And I have been collecting sports cards and Pokémon cards since I was six and I probably have $15,000 in cards. I got bored of the vending machines so I wanted to sell. I got an offer for $20,000 so I am going to sell for $20,000 and I will also have the $8,000 I have in my business bank account so I will approximately have $25,000 to $30,000 from the sale pre tax. I have no debt I have a credit score of 720 and I was thinking of putting the money towards college but my parents already have double what my tuition is in a college fund which is penalized if you do not use part of the money . Any ideas for how I should use this money I am expecting. I really have no expenses as I live with my parents and I really don’t buy anything . +Hey guys, + +This crypto project keeps on giving and has now donated over $74,000 USD to Binance Charities within the first day of launch! + +Press releases and media coverage is expected in the days to come. + +The smart contract automatically sends 2% of every transaction directly to Binance Charities wallet and is on pace to deliver $150,000+ USD within the first day of launch. + +The community and dev team are awesome and it looks like this unique charitable feature will likely generate media attention. + +All of this is publicly verifiable on the blockchain at the Binance Charity address. [https://bscscan.com/address/0x8b99f3660622e21f2910ecca7fbe51d654a1517d#internaltx](https://bscscan.com/address/0x8b99f3660622e21f2910ecca7fbe51d654a1517d#internaltx) + +The current use case is simple but the impact is HUGE! + +**\*\*UPDATE\*\* $76,000 USD WAS OFFICIALLY SENT TO BINANCE CHARITIES IN THE FIRST 24 HOURS OF LAUNCH AT A MODEST AVERAGE MARKETCAP OF $1.5 MILLION\*\*** + +The next goal is to donate $1 million in the first week! + +**PRESALE COMPLETED ON DXSALE** ✅ Sold out in 30 minutes + +Presale: 50 BNB/250 BNB cap + +0.05 BNB/2 BNB min/max + +80% to liquidity (rest is for early marketing and first donation to charity) + +1 BNB = 1 M tokens + +Presale price = listing price + +————————————— + +**TOKENOMICS** + +Total supply: 500 000 000 RX + +Marketing: 25 000 000 RX (locked for 10 days and dripping 1/10th per day) + +Team: 25 000 000 RX (locked 6 months) + +Presale: 250 000 000 RX | Listing: 200 000 000 RX + +6% transaction fee will be split into: + +2% burn fee || 2% redistribution fee || 2 % donation fee + +————————————— +Pancake Swap: [https://exchange.pancakeswap.finance/#/swap?outputCurrency=0x8891de345808e77228677f0efb56125db1e93a49](https://exchange.pancakeswap.finance/#/swap?outputCurrency=0x8891de345808e77228677f0efb56125db1e93a49) + +Poocoin Charts: [https://poocoin.app/tokens/0x8891DE345808E77228677F0EFB56125DB1E93A49](https://poocoin.app/tokens/0x8891DE345808E77228677F0EFB56125DB1E93A49) + +Twitter: [https://twitter.com/ravenxfin](https://twitter.com/ravenxfin) + +Website: [www.ravenx.finance](https://www.ravenx.finance/) + +Telegram: [https://t.me/RavenXfin](https://t.me/RavenXfin) +Remember those deep OTM $GME Puts that Brazil made so famous last year ... the ones that make absolutely no sense unless they are being used to paper over "shares sold but not yet purchased" or some other b.s. ... well, they keep growing. + +[On April 14, there were 87,534 $22 strike \(and under\) OI puts on $GME ... 46,898 at $2 or less ... who thinks $GME is going to less than $2? Abso-fucking-lutely no one. It's fuckery, I tell you.](https://preview.redd.it/v4v6u0g22jy81.png?width=2192&format=png&auto=webp&s=17065f6920933307c01fe97ec13e763b385de439) + +[And today, May 9, there are now 95,904 $22 strike \(and under\) OI Puts on $GME, an increase of 8,370 \(representing 837,000 shares\). This huge increase occurred in only 16 trading days. The $2 and under puts have increased to 55,028, an increase of 8,130 \(representing 813,000 shares\).](https://preview.redd.it/pchk5lwn2jy81.png?width=1886&format=png&auto=webp&s=3cc09ce97fb17ea6874c87d854d572c9de292ff6) + +u/criand and u/atobitt ... any new theories??? Or same old shit, different year? I wonder if there is a connection if these numbers going up when we see 100% utilization ... +This is one the Altcoins I never invested in and so I don't follow their news, what is the reason of this rise? Is there any special feature or partnership announced? Or it's just hype and exuberance? + +My heart goes out to all the families who are needlessly dealing with loss here. Questions to consider...will this change the building codes for large projects? Will demand for residential condo space be dampened? Will this change how buyers research hoa docs and maintenance records prior to purchase? Or will this just be forgotten? On residential beach homes everyone competent in my market is vigilant about preventing deck collapse. Will this change anything or was this a one off event? +Wondering what everyone utilizes to maximize deal flow, as it's the weakest area of my operation. + +I'm a small timer, so far I've acquired via: +2 from MLS (redfin) +1 off market by random chance + +I'm utilizing: +Redfin/Zillow email searches. + +An agent, has brought me one pocket listing but timing was off + +Working to build relationships with wholesalers, but what I'm seeing in my market are wholesalers marketing at retail prices + +Attended Sheriff Sale. Again, homes were going for what is expect to pay retail. + +Starting to think about Direct mail or some other form of marketing. +I'm not asking anyone to do this, I'm not even saying its going to make any difference at all. . . But, I am TIRED of all this BS that brokers are pulling on countless apes and retail in general. They are selling user's shares and then buying back to give them the Divy, but are selling on lit, and buying in dark to slowly decrease the price. . . WHICH HAS A DIRECT EFFECT ON MY INVESTMENT WITH GAMESTOP. + +I won't be sharing my email, you can write your own if you so wish too, but this shit needs to stop. + +I firmly believe that if GS gets enough complaints about the NYSE and lack of rules enforcement by SEC, they will have the ammo to legally pull out of the NYSE. + +I could be totally wrong, and if so no harm or foul. It can't hurt to let them know how we feel. +Just wondering how many of yall hedge delta so you're profiting from theta instead of price movements? + +&#x200B; + +I was considering this but using stock to hedge has tax implications and can be costly. + +Wondering if credit spreads in lieu of stock was another way of adding to theta exposure while hedging the price movements? + +[View Poll](https://www.reddit.com/poll/p85bpf) +It's tax season and I want to help you keep your money. Let me begin by saying that this will not apply to all of you. However, a lot of you will benefit from this. + +The IRS provides offers for software that you can use to file your taxes for free. What's the catch? Well, there's a couple. One, you have to go through the IRS website. Two, you have to be making around 70k or less (varies by software). Some of you are using the same software but paying because you aren't going through the IRS website. The link for the IRS offers is below. + +[https://apps.irs.gov/app/freeFile/browse-all-offers](https://apps.irs.gov/app/freeFile/browse-all-offers) + +**Best Software** + +* TurboTax has one of the lowest AGI (Adjusted Gross Income) ceilings but if you make the cut I would recommend using them. Free federal and state. You can import all your statements directly. It's 2021, you don't have to type shit in. +* TaxSlayer - Has one of the highest AGI ceilings and provides free state filing (Not all states). +* TaxAct - Towards the top for AGI ceilings and provides free state filing (Not all states). Not as user-friendly as TurboTax but pretty damn good. +* There are others but these 3 are the ones that provide the most and are easy to use. + +· + +**IMPORTANT - You have to use the IRS link to receive the free offers. I made it easy for you, just use the link above.** +Hello all. + +I am no expert nor do I claim to know where things are going. But I am surprised that markets turned around so quickly again. I mean nothing changed. Ukraine is still a war zone, even Taiwan became more precarious after Pelosi showed up, inflation is still pretty high, a recession seems real and the Fed has raised the interest rates. + +So did the markets forget about all of this? What has changed? I don’t get it. + +I am interested in your opinion and appreciate your time to share. + +Thanks. +Over the last 40 days the $Bingus project has donated a total of $41,850 to 12 charities. With $Bingus the charity aspect to the project isn’t just an afterthought, or a means of marketing, but it has always been the main focus. Since the token’s inception the project has proved it is, and will continue to be, the leading charity project on BSC[.](https://i.imgur.com/6QuKBIx.jpg) + +This post is about every charity the $Bingus project has helped and the work each of them does. It covers rescue shelters, international organisations, conservation projects, and animal welfare advocates. As a lover of animals and with an interest in one day forming my own rescue charity I found researching all of these charities really inspiring. + +They’re listed in order of donation date. You can find extended links for each charity at the end of the post. + +&#x200B; + +**Donation 1 — Wright-Way Rescue ($350) 04/05/21** + +Wright-Way Rescue is 501c3 Non Profit charity. Their mission is to reduce the number of homeless pet euthanized in the Midwest US each year through an adoption program, community education, promotion of spaying and neutering, and a veterinary medicine program. + +&#x200B; + +**Donation 2 — Forgotten Animals ($1,000) 04/07/21** + +Founded in 2011 by a Russian-born trader Anna Kogan Nasser, Forgotten Animals (originally called Big Hearts Foundation) became the first international organisation to work in remote towns and regions of Russia. With only 2 paid employees and dozens of volunteers spread around the world they carry out or directly support projects in nearly a hundred cities across different countries, and counting. + +&#x200B; + +**Donation 3 — Reversed Rescue ($3,000) 04/11/21** + +Reversed Rescue is a 501c3 Non-Profit organization operating since 2015 and has rescued, re-homed, transported and rehabilitated hundreds of cases. These cases range from fight ring/bait attack dogs, back yard breeding closures, neglect cases, cancer/severe medical, shelter rescues, abandonments and more. + +&#x200B; + +**Donation 4 — Jersey Animal Rescue ($3,000) 04/13/21** + +Jersey Animal Rescue's mission is to find homes for animals throughout Monmouth County through a network of fosters and volunteers, alleviating overcrowding and eliminating unnecessary euthanasia in shelters. + +&#x200B; + +**Donation 5 —Sterling Shelter ($3,000) 04/21/21** + +Animal Shelter Inc. of Sterling, is a 501c3 Non-Profit organization.  They are a no-kill animal shelter with no time or age restrictions. The shelter exists to provide humane sheltering and high quality medical care for stray, unwanted, abused and neglected animals and to find loving, lifelong homes for orphaned pets. + +&#x200B; + +**Donation 6 — The Real Bark ($10,000) 04/23/21** + +The Real Bark is a dog rescue charity who take in discarded, abused, and forgotten animals. To date they have saved from the streets, shelters, even other countries. They remain community-faced to educate, negotiate, support, empower, and enable individuals to better help their own companion animals. + +&#x200B; + +**Donation 7 — Hope for Paws ($10,000) 04/28/21** + +Hope for Paws is a 501c3 Non Profit animal rescue organization. They rescue dogs, cats and other types of animals suffering on the streets or neglected in the wild. Through rescue and education Hope For Paws works to raise awareness for abandoned animals. Check out their [YouTube Channel](https://www.youtube.com/c/hopeforpaws/videos)! + +&#x200B; + +**Donation 8 — Maui Humane Society ($10,000) 05/01/21** + +The Maui Humane Society is a 501c3 Non-Profit organization established in 1953. They're the only scheduled admission animal shelter on the island of Maui! Their mission is “to protect and save the lives of Maui’s animals, accepting all in need, educating the community, and inspiring respect and compassion towards all animals”. Check out their  [YouTube channel](https://www.youtube.com/user/MauiHumaneSociety/videos)! + +&#x200B; + +**Donation 9 — Over and Above Africa ($500) 05/04/21** + +Over and Above Africa is an animal charity that focusses on fighting poaching and wildlife trafficking across Africa. They raise funds from a global community and give to people and projects they know are working diligently and effectively protecting and defending Africa’s vulnerable wildlife. They use micro-funding (small donations from a global community) so that everyone can participate. What makes Over and Above Africa truly unique is that they film the funds they donate to each project and create mini-documentaries. + +&#x200B; + +**Donation 10 — R.A.D.A.R. (Rogue Active Duty Animal Rescue) ($500) 05/05/21** + +RADAR are a 501c3 Non-Profit rescue group specializing in canine victims of sport fighting, and assisting veterans with no/low cost care for their pets. They are located in Southern Pines, NC run by active duty and veterans. + +&#x200B; + +**Donation 11 — Orangutan Outreach ($500) 05/06/21** + +Orangutan Outreach’s mission is to protect orangutans in their native forests of Borneo and Sumatra while providing care for orphaned and displaced orangutans until they can be returned to their natural environment. If they cannot be released, they do everything in their power to ensure they have a life of dignity and the best possible long-term care. They seek to raise funds and promote public awareness of orangutan conservation issues by collaborating with partner organizations around the world. They also have a [YouTube channel](https://www.youtube.com/channel/UC5TtWIiKSBehv3QDvl6xXSQ)! + +&#x200B; + +**Donation 12 — ROLDA ($500) 05/07/21** + +ROLDA is an international non-profit organization that helps the abused, neglected, homeless animals as well as the pet owners from the poorest regions of Romania that struggle to look after their pets responsibly. Their ultimate goal is to one day achieve a homeless animal population of nil, with every pet appropriately microchipped and added to the national registry, enforcing the legal responsibility between pet and owner. + +# Tokenomics + +**Only 3% slippage needed** + +1% goes to charity | 1% is burned | 1% is auto-sent to all $Bingus holders + +Holders: 10,022 + +Market Cap: $6.8m + +^(at time of posting) + +# Token Links + +$Bingus website [bingus.finance](https://bingus.finance/) + +**Buy $Bingus on PancakeSwap** [here](https://v1exchange.pancakeswap.finance/#/swap?outputCurrency=0xda20c8a5c3b1ab48e31ba6e43f0f2830e50218d8) + +[Bingus chart](https://charts.bogged.finance/?token=0xdA20C8a5c3B1AB48e31ba6e43f0F283050218D8) + +[Litepaper](https://bingus.finance/wp-content/uploads/2021/04/Bingus_3.pdf) + +[HowToBuyBingus.com](https://howtobuybingus.com/) + +[Stake](https://takodefi.com/farms) $Bingus-BNB pair to earn $Tako passively! | [Staking Guide](https://www.dropbox.com/s/ikcii098o5f273k/Staking%20guide.png) + +[Reward pool](https://apeswap.finance/pools) with ApeSwap — stake $GNANA to earn $Bingus passively! + +[CoinMarketCap](https://coinmarketcap.com/currencies/bingus-token/) + +[CoinGecko](https://www.coingecko.com/en/coins/bingus-token) + +[Audit](https://dessertswap.finance/audits/Bingus%20Token%20BEP-20%20Audit%206489097.pdf) + +[Charity Donations (full list)](https://www.reddit.com/r/BingusFinance/comments/n5v1jh/donations_links_and_social_media) + +[CryptoTalkz AMA](https://streamable.com/h2w51l) + +[Satoshi Club AMA](https://t.me/Satoshi_club/715632) + +[BSCScan](https://bscscan.com/token/0xda20c8a5c3b1ab48e31ba6e43f0f2830e50218d8) + +&#x200B; + +# Social Links + +[Telegram](https://t.me/bingustoken2official) | [Telegram News and Announcements](https://t.me/bingustoken2official) + +[r/BingusFinance](https://www.reddit.com/r/BingusFinance/) on Reddit + +[Discord](https://discord.com/invite/qKdZdd558F) + +[Instagram](https://www.instagram.com/bingustoken/) + +[Twitter](https://twitter.com/bingustoken/) + +[Facebook](https://www.facebook.com/BingusToken/) + +&#x200B; + +# Charity Links + +**Wright Way Rescue** + +[Website](https://wright-wayrescue.org) | [Twitter](https://twitter.com/WrightWayRescue) | [Instagram](https://www.instagram.com/wrightwayrescue/) + +**Forgotten Animals** + +[Website](https://forgottenanimals.org) | [Twitter](https://twitter.com/forgottenanimal) | [Instagram](https://www.instagram.com/forgottenanimals/) + +**Reversed Rescue** + +[Website](https://www.ReversedRescue.com)  | [Twitter](https://twitter.com/ReversedRescue) | [Instagram](https://www.instagram.com/ReversedRescue) + +**Jersey Animal Rescue** + +[Website](https://JerseyAnimalRescue.com) | [Instagram](https://www.instagram.com/JerseyrAnimalRescue) | [Facebook](https://www.facebook.com/JerseyAnimalRescue) + +**Sterling Shelter** + +[Website](https://www.SterlingShelter.org) | [Twitter](https://twitter.com/SterlingShelter) | [Instagram](https://instagram.com/SterlingAnimalShelter) + +**The Real Bark** + +[Website](http://TheRealBark.org) | [Twitter](https://twitter.com/TheRealBarkLA) | [Instagram](https://instagram.com/TheRealBark) + +**Hope for Paws** + +[Website](https://www.HopeForPaws.org) | [YouTube](https://www.youtube.com/c/HopeForPaws/videos) | [Twitter](https://twitter.com/HopeForPaws) | [Instagram](https://www.instagram.com/HopeForPawsRescue) | [FaceBook](https://www.facebook.com/HopeForPawsCalifornia) + +**Maui Humane Society** + +[Website](https://www.mauihumanesociety.org) | [YouTube](https://www.youtube.com/user/MauiHumaneSociety/videos) | [Twitter](https://twitter.com/MauiHumane) | [Instagram](https://www.instagram.com/mauihumanesociety) | [FaceBook](https://www.facebook.com/MauiHumaneSociety) + +**Over and Above Africa** + +[Website](https://www.overandaboveafrica.com) | [Twitter](https://twitter.com/overaboveafrica) | [Instagram](https://www.instagram.com/overaboveafrica) | [FaceBook](https://www.facebook.com/OverAboveAfrica) + +**Rogue Active Duty Animal Rescue** + +[Instagram](https://www.instagram.com/RogueActiveDutyAnimalRescue) | [Facebook](https://www.facebook.com/RogueActiveDutyAnimalResource) | [Webstore](https://www.bonfire.com/store/rogue-active-duty-animal-rescue/) + +**Orangutan Outreach** + +[Website](https://redapes.org) | [YouTube](https://www.youtube.com/channel/UC5TtWIiKSBehv3QDvl6xXSQ) | [Twitter](https://twitter.com/RedApes) | [Instagram](https://instagram.com/OrangutanOutreach) | [Facebook](https://facebook.com/OrangutanOutreach) + +**ROLDA** + +[Website](https://rolda.org) | [YouTube](https://www.youtube.com/roldaro) | [Twitter](https://twitter.com/ROLDAOrg) | [Instagram](https://www.instagram.com/RoldaOrg) | [Facebook](https://www.facebook.com/ROLDADOGS) + +&#x200B; + +# Endorser Links + +**Michael Rainey Jr** + +[Power](https://m.imdb.com/title/tt3281796/) | [IMDb](https://m.imdb.com/name/nm3691729/) | [Instagram](https://www.instagram.com/michaelraineyjr) | [Twitter](https://twitter.com/michaelraineyjr) | + +**Rocky Kanaka** + +[Save Our Shelter](http://saveourshelter.com/) | [YouTube](https://m.youtube.com/c/rockykanaka/videos) | [Rocky’s Website](https://rockykanaka.com/) | [Instagram](https://www.instagram.com/rockykanaka/) | [Twitter](https://twitter.com/rockykanaka) | [Facebook](https://www.facebook.com/rockykanaka/) + +**BBno$** + +[Spotify](https://open.spotify.com/artist/41X1TR6hrK8Q2ZCpp2EqCz) | [SoundCloud](https://soundcloud.com/bbnomula) | [Twitter](https://twitter.com/bbnomula) | [Instagram](https://www.instagram.com/bbnomula/) | [Facebook](https://www.facebook.com/bbnomula/) | Two $Bingus x BBno$ tracks [here](https://m.soundcloud.com/bbnomula/bingus/s-C0y1JbzSzF7) and [here](https://soundcloud.com/bbnomula/bingus-20-40million-market-expectancy/s-oz3htBobQfS) + +**MoistCr1tikal** + +[Twitch](https://www.twitch.tv/moistcr1tikal) | [YouTube](https://www.youtube.com/channel/UCq6VFHwMzcMXbuKyG7SQYIg) | [Twitter](https://twitter.com/MoistCr1TiKaL) | [Instagram](https://www.instagram.com/bigmoistcr1tikal) +I have a couple good friends who both independently advise to hold out for a higher rent rate even (SFH) if it leads to more vacancy. They say it’ll keep better tenants and keep rent values up. Is this advisable and a common practice? + +Seems to me they math says a couple months vacancy quickly works against forecasted cash flow of a lower rent rate and higher occupied rate. Also value of not having a property sit empty for several months. +To start, I know we're all at different levels and some people literally can't save. That's fine. This advice might not work for everyone. + +But I used to ignore people when they said **just set your direct deposit to automatically transfer money from your paycheck to savings** . I thought that just wasn't *me*. I thought I'd inevitably end up taking the money out. + +For some reason, I decided in October to try it. I set my direct deposit up to put $150 per pay period into savings. (You could set it to anything you can afford to spare. $10, $25, $500, $1000, whatever.) + +Lo and behold, I've actually been able to stick to it. Sure, it's been insanely hard. I ended up with $4 in my checking account for about a week and ended up eating ramen several times. + +But that's okay because now I actually have a decent emergency fund. The thought of my car breaking down or my dog having a medical emergency doesn't give me panic attacks. + +What's some advice you used to ignore but starting using with great results? +My husband had a property before we met and married, after marriage we bought a house and rented his unit out. This is the first full FY that the unit has been rented and it gutted my tax return. + +Entered everything into my Gov, forgot the unit estimated ~2k return. Added the unit (50% ownership) and it dropped to $180. + +Am I missing something here? I thought everyone hated "boomers" for getting all of these tax breaks on investment properties but it seems to me that I now owe money to the ATO on the income from the unit itself and that's being taken from my return. + +Please be gentle with your replies, I have no financial education and grew up with everyone surrounding me on welfare. I am trying my best! + + + +Edit; for anyone looking for an update, had a meeting with a tax accountant today and everyone who pinpointed my name wasn't on the deed were correct, the IP doesn't belong on my tax return, which means we need to amend last year's DIY return. Husband is pissed since this left him with a tax bill and will amend the title. Also making an appointment with our bank to change over our mortgages. And have a local depreciation person to call next week as well. + +Super grateful for everyone who took the time to offer their knowledge and education, I am better for it and don't feel like we both have our heads in the sand anymore. +This is a video for you! It details how to hand sew cloth menstrual pads with a button to attach the flaps to your underwear. You can get fabric scraps for SUPER cheap either at walmart or at Joann's. She shows you how to do all the stitches she uses in the video and tells you exactly what to get for them. + +[Here](https://youtu.be/5tPPKAODtvQ) I hope this can help someone out :) +For those of you who have left india for good, what are the advice you would give to some one who will be leaving the country [immigration to canada] in the next few months. This could be about Bank accounts, Income tax, property etc. +Mods - please delete if not appropriate. I may be just feeling contemplative, or it could be the 3rd drink, but I was wondering what is the average yearly burn rate in this group. + +For me, married 1 kid, MCOL it’s about 550-600k not counting taxes. We live a nice, comfortable life but not one I would consider extravagant. + +What is your burn rate to live the life you want and what does it comprise of? + +I am also happy to breakdown my birn rate if you would like. + +Not looking for ideas on how to cut my spending etc - just genuinely curious + +As asked here is our rough breakdown + +House (mortgage/taxes/insurance) - 160k + +House maintenance (utilities, pool, landscaping- 70k + +House break/fix (something always breaks) - 25K + +Kid (tuition, after school activities) - 50k + +Cars - 42k (one lease and one financed - will go down to 18k once financing is paid off) + +These costs are basically fixed and come to ~350K / the rest of the spending is variable + +Nanny/help - 10k + +Shopping (clothes, gadgets, gifts, wine, house shit) 70k + +Restaurants/entertainment- 50k + +Gym/health - 10k + +Donations - 30-50k + +Vacations - 60k + +That has been our spend over the last couple of years +I'm 24 and recently bought a 2b unit in Perth and I have a pretty good feeling that a lot of my friends may ask some invasive questions about it when I move in. + +I'm not sure what it's like in other generations but I've noticed a lot of people my age seem to have no issue with asking how much their friends earn etc. I personally never ask as I firstly don't care and secondly wouldn't want to put someone in an awkward position. + +How do you feel about this? How do you approach it? +The lithium celebrities have come for ASX-listed Lake Resources. + +The company, worth $570 million, has signed a deal with US-based lithium extractor Lilac Solutions, which will help get Lake Resources’ South American project into production and include an expected $US50 million investment + +Lilac, which has ties to Bill Gates and Jeff Bezos, is understood to have committed to stump up technology and engineering plants at Lake Resources’ Kachi project, and will take as much as a 25 per cent stake at the project level for its efforts. + +Lilac will also be responsible for setting up an on-site demonstration plant, and help fund capital costs required to get into production. +Title says it all. Regarding spending money, what was your favorite splurge that you can really only *comfortably* do if you reach near fatfire status? +Sorry not sure if this is allowed. I’m new to thetastrats. I’ve done research on calls/puts/the wheel and some spreads. In writing all of the info down in a power point and just wanted to get started on trading like y’all. I recently just got a full time job and was looking to put 1k in. I know it’s not much and I know you guys don’t like to put 100% of your portfolio in a trade. Was wondering what is y’all’s favorite stock to run the wheel on? I’m not looking to be greedy, just not sure where to start looking? I have tatyworks and was planning on looking at it on my next day off. Thanks +Some traders prefer to be in and out as quickly as possible while others like to hold for hours/days/weeks etc. + +Which do you prefer and what techniques do you use for either? +EDIT: Source of the problem was incorrect Information Table filenames for the last couple 13F-HR filings, leading to an error in the "search by text" engine when trying to reach them. Still, sus to me it happened on last 3(5 including amendments) 13F-HR filings. + +&#x200B; + +I'm not sure if there has been a post on this or not, I know we have a lot of DD silverbacks here that know (A LOT) more than I about all this and could have already posted on this. If you do know this has already been answered, or you might have more information on this, please let me know!! That said, let's get to it. + +I happened to be surfing the SEC database for Citadel filings, specifically I wanted to look at their recent 13G activity. 13G(13D) filings are notices of acquisition of beneficial ownership of a company(>5%). I noticed quite a bit of 13G acquisitions since December 2020 and wanted to actually dig into it, I am not an expert, I just learn a subject or process better by actually jumping in head first.... That's when I came across 13F-HR reports. I tell you, I was not ready for the tumultuous 6 hours of zoned in researching and tab-opening..... + +[Lots. Lots of filings.](https://preview.redd.it/2aimul8g7i371.jpg?width=1422&format=pjpg&auto=webp&s=b8a18f71ea029f0b693b1d4aab33fe6ec096afc3) + +I found out I couldn't see anything in the more recent 13f-HR filings past the Cover Pages. Nothing, like at all. That's when I had an idea, I started looking for specific holdings through filters. Doing that brought up the information tables (specific holdings in the filings). Clicking through random dates, I noticed the database could not find the specific information tables for the most recent 13F-HRs... just the cover pages for each. Weird, right? + +[Missing everything but the cover pages, hmmm?](https://preview.redd.it/ph5xvk9w6i371.jpg?width=846&format=pjpg&auto=webp&s=01111d7de2188adcabd0e1061681e9a4d3816e76) + +So how are we supposed to know this just isn't the SEC website messing up? Well, only the 13f-HRs filed after 8.14.20 seem to be missing the information tables. + +"But what makes you so certain they were there in the first place" You might ask? + +1. Filings before 8.14.20 (holdings before 6.30.20) are all accounted for +2. Database has the all the filings and cover pages, but is missing the actual information +3. A little site called [Holdings Channel](https://www.holdingschannel.com/) has the **most recent** (3.31.21 \*filed on 5.17.21\*) GME holdings for Citadel.... + +[Weird, 3rd party site has info that was pulled from SEC database. ok.](https://preview.redd.it/szfj25fr9i371.jpg?width=820&format=pjpg&auto=webp&s=48fba772c1e66377475c209a9692d3b86babca5f) + +Super weird. Why on Earth would the SEC pull specific holdings info after it was posted? What has happened since 3.31.21 that could explain this or give a clue as to why it's missing? + +Oh, just a few things (just including May) really: + +1. 2 amendments to the 5.17 13f-HR were made, could have just been a simple mistake... except the SEC wouldn't pull a year's worth of 13f-HRs just for that, so it cant be this. +2. The infamous Gamestop Moon Tweet (What did they knooow??) + +[Yeah, that was a good day.](https://preview.redd.it/t8b9g9y8ei371.jpg?width=240&format=pjpg&auto=webp&s=45ef0835d344d4d0d36b3c5115696cce65090a73) + +3. Oops \*moass\* my bad + +[Another good day.](https://preview.redd.it/5ksqu7egei371.jpg?width=521&format=pjpg&auto=webp&s=2adfb9d68f5fa9ca8d7d57a953ee5af4697d0a6c) + +4. Liquidity Test + +5. RIP + +[Anagram much?](https://preview.redd.it/akztc9n2fi371.jpg?width=281&format=pjpg&auto=webp&s=a7b224903cbdd0f10f7678e03c23c9e80955a516) + +6. and last but not least, G. Sachs and the trade data fiasco: [(17) BREAKING: Goldman Sachs & Co fail to reconstruct AT LEAST 10% of computerized trade data between December 2nd 2020 and January 29th 2021 : Superstonk (reddit.com)](https://www.reddit.com/r/Superstonk/comments/nqmz4u/breaking_goldman_sachs_co_fail_to_reconstruct_at/) + +&#x200B; + +Taking all of this in, you might think the G. Sachs trade data issue could have caused the SEC to pull every institution's 13f-HRs Information Tables containing the specifics.... well, that's not the case either. Other institution's 13f-HR filings seem to not have this issue, it's unique to Citadel. (checked a bunch of other institutions, but obviously not all) Side note: interesting enough, Melvin Capital's 13f-HR filings containing Gamestop only starts halfway through 2020, only contained Puts, and all the Information Tables worked, so again, this is seeming to be unique to Citadel... + +Now wtf could possibly explain this.... oh IDK maybe being investigated by the SEC? I cant seem to shake it, but I got electric chills thinking about it. I can only hope it's a sign that a certain lady is about to start calling.... + +[Yes. I was the crayon artist responsible for this.](https://preview.redd.it/px3u9latii371.jpg?width=608&format=pjpg&auto=webp&s=92df34b4f2e9ea722b23bee4e66e14101c8cc24b) + +&#x200B; + +**TL;DR:** Citadel's 13F-HR filing information since 6.30.20 (filed on 8.14.20) containing their specific holdings and information on the SEC site, has all been pulled, minus the cover pages. 3rd party sites like [holdingschannel.com](https://holdingschannel.com) have the latest information, but not the SEC, leading me to believe Citadel is currently being investigated. + +I hope you apes enjoyed the read, I worked hard on it. It's not much but it's something my slightly-wrinkled brain was able to look into a little bit. + +Edit: fixed a date in tldr + +Edit 2: Thanks to u/T_orch for spotting this. Seems the database itself is having trouble locating the Information Table files for the last couple filings for Citadel. For some reason the archived file for them are still reachable, but the database itself cant reach it. I don't know what this means, I just know some location error is throwing off the database. I didn't notice this error for other institutions for the same time period, so for some reason it is still unique to Citadel. Still jacks my tits trying to figure it out. Everything Citadel is sus now. + +Edit 3: thanks u/humanslime for spotting the error. It definitely was just a pathway error due to inconsistencies in the Information Table file names, for the 13F-HR filings after 8.14.20. For some reason using their '/search through text engine' won't reach the information table files, when their /browse lists show all the files fine. + I'm a simple man that has had simple means to make something beautiful happen over the last 2 years. There comes a time when life calls that you need to make sure you take care of things a bit around the house. This is one of those times. + +I have a car that's a 1995 that is sitting in the shop right now that I'm not sure can be fixed. + +Meanwhile the van that I'm driving is a 1999 and it's my DJ business ride with a frame that's rusting out that probably won't last another year. + +Today I find out my 1996 Olds 98 has been stolen. This is my son's car that I haven't heard from in about a month. I'm not particularly sure that his story lines up and I'm working on things right now to rectify the situation. I'm driving around looking for that car right now because I will take that thing back because it's in my name and I need wheels. + +I have sacrificed so much over the years for my family and I have a little bit of an asset right here that can make things a little better. I'm only cashing out what I need to get things rolling again. + +It's time to make things move on the homefront. Take profit when it makes sense. Hodl the rest and Pay your taxes. + +So what car do I buy? I promise you any car that I buy now still going to be at least 10 years old. Cars depreciate and no one should lose money over such an overrated image. No one cares about Italian Tractors. + +Thank you Ethtrader. Big Hugs from KC. + + +Yesterday we had the meeting of most evil people at the house of even more evil people. Bank CEOs met at Capitol hill to testify for various instances. Crypto was not that big on the program but we still had some statemets about it. The most meaningful one was the JP Morgan CEO saying that cryptocurrencies are a "decentralized ponzi scheme", whateer that means... + +So you can see that JP Morgan was speaking full-on against crypto. While their actual actions are something else... Already in 2021 they launched their own Bitcoin fund for private clients and just like other investment banks they were expanding crypto too. + +Either they are trying to behave good in front of the government or they are lying to us. But it's clear that institutions can not be trusted as they will change their opinion according to the people they talk to. +Sorry if this is a dumb question. Maybe I've got this all wrong. + +[This article on Bloomberg] (http://www.bloomberg.com/news/articles/2016-09-15/the-chart-that-explains-stock-pickers-422-billion-in-outflows) says that only 9.5% of active managers in large cap beat the S&P 500. Since the index itself is the average of all the investments, then who or what took all their money and beat the index to average back out to the index? Was it individual stock pickers? + +*Edit: I can't thank everyone enough for all their thoughtful and insightful comments, perspectives and help. The answer I like the best here is that essentially active managers this past year made some bad "off the market" bets. My premise was based on an assumption that active managers are exclusively buying and selling stocks, which is incorrect. Active managers are making all sorts of bets - particularly through derivatives or by holding cash in their portfolio. It's conjecture, but its seems to be logical to me that managers lost out this past year more than other years. In addition, there are fees that eat away from returns - not just through active management fees, but also through unexecuted contracts like options. + **Introduction:** + +I’m 34, male, single and as of 1 November this year, I have officially been FIREd for 1 year. I did not create a FIRE post when I pulled the trigger because I actually was laid off from my last job a couple years before I had originally planned to FIRE. I did not really feel motivated to look for another job right away so after looking over my finances, I determined that I was leanFIRE ready and decided to go for it. I chose to use my first post-FIRE year to determine a. Whether my lifestyle was financially viable and sustainable, and b. Whether I actually enjoyed the FIRE lifestyle. After 1 year the answer to both these questions is YES and here is my 1 year post-FIRE report. It’s going to be lengthy. + +I will bold the different sections if you want to scroll down and only look at the ones that interest you. + +&#x200B; + +**Supporting data spreadsheets and charts.** + +My current net worth breakdown, pulled from personal capital which I use to track my accounts: + +[https://imgur.com/fWu4H6b](https://imgur.com/fWu4H6b) + +Chart tracking my net worth over the last year, also pulled from personal capital: + +[https://imgur.com/73ilZYq](https://imgur.com/73ilZYq) + +My Personal Budget Spreadsheet: NOTE, this does not track my real time spending, only projected based on what I have been spending so far. You’ll see why I did not track my actual spending later on in this post. My bank account also has its own spending tracker that I use to monitor my spending and I used that date to create this budget. It is more or less on track with my actual spending with minor variations depending on the month. + +[https://docs.google.com/spreadsheets/d/1hHsGaJWUcv7S\_zQcCu8h8nRVWrTWA9arC-vXol7kKLA/edit?usp=sharing](https://docs.google.com/spreadsheets/d/1hHsGaJWUcv7S_zQcCu8h8nRVWrTWA9arC-vXol7kKLA/edit?usp=sharing) + +Expenses/earnings for my duplex this year (personal information deleted): + +[https://drive.google.com/file/d/1nbWJeOUiSXYuNvnnHclBhMd\_8Uq3F8HA/view?usp=sharing](https://drive.google.com/file/d/1nbWJeOUiSXYuNvnnHclBhMd_8Uq3F8HA/view?usp=sharing) + +Debt is $0, no car payments, no mortgage, nothing. + +&#x200B; + +**Brief bullet point breakdown of how I reached FIRE:** + +\-9 years in the Army as an Officer after I graduated college, 3.5 years of that spent overseas (combat deployments earn bonus pay and salary is not taxed) + +\-Low spending, high savings, aggressive investment into the stock market starting in 2009 (almost exclusively index funds), and all throughout the bull market recovery over the following 10 years. Savings rate ranged from roughly 30% (early in my career) to 95% (during a year of combat deployment in which I spent almost no money as I was living in an Army base in the desert with no bills to pay and not much to spend money on) + +\-Always looked for ways to save money, cut my own hair, made my own lunches, took advantage of military benefits such as the GI Bill to further my education for free, didn’t make a purchase if there was a free/cheaper alternative etc. + +\-Left the Army due to health issues, received military disability, which makes me eligible for VA healthcare as well as receiving a monthly disability check. + +\-Got a job as a manager for a manufacturing company for 1 year after the Army, but was then laid off due to restructuring. Decided to leanFIRE early after that as opposed to finding another job for another couple years. + +&#x200B; + +**Major financial events over the last year (tldr at the end):** + +**Buying a new property:** + +So, after I decided to FIRE, my first major decision was to buy a permanent home as I had been renting all of my professional career due to moving a lot in the Army. I decided to purchase a duplex/multi family property so that I could live in one unit and rent out the other for additional income. I ended up getting one for cheap because the previous owners had not maintained it well and it needed a lot of cosmetic work, but structurally it was fine. + +The building had 2 apartments, a 1200 square foot apartment that a family of long term renters lived in (they had lived there 12 years and raised their kids there, they had paid rent on time and taken pretty good care of their apartment, at least considering how little the landlord had done). It did have a number of issues though, they had pipe leaks, a broken dishwasher, a toilet that needed replacing, a few holes in the walls that had never been patched up etc. + +The other unit was an 800 square foot apartment that was in very bad shape, lots of water damage/mold that needed to be completely renovated (walls, floors, kitchen/bathroom cabinets) pretty much the entire apartment needed to be stripped down and redone. There was also work that needed to be done on the outside of the house such as broken gutters, a broke down shed in the back that was just a pile of scrap and other stuff. + +The property was valued at approximately $117,000 according to tax estimates, the owner had it on sale for $111,000, and it had been listed for almost half a year (most people don’t want to own a duplex and have to fix up a lot of issues after buying a house). After a lot of haggling back and forth, I bought the property as is for $90,000. This also is why there is a jagged “slice” in the first part of my net worth chart, where I sold investments and then added the value of the property shortly after. + +The negotiations took place at the end of 2019, but I scheduled the actual sale to happen in January, reason being was I was planning on selling off investments to pay for the house in cash, but as I would be earning no salary in 2020, my taxes would be very low for my long term capital gains. Everything with the sale went smoothly. I worked with a real estate agent that I got through a Army Veterans housing program who had worked with Soldiers before, solid guy, would recommend. + +**Renovation and Flooding:** + +From January through May I had the house renovated, fixed a LOT of issues. Everything was perfect, I fixed all the major issues in the renter’s apartment (they were very happy) and completely redid the 800 foot apartment which I was going to move into, new floors, walls, ceiling, kitchen, bathroom etc. Took a video of a walk through of it to show off to my family and had my move in date scheduled. + +The DAY BEFORE I was supposed to move in, the area was hit by the worst flooding in about 14 years. While the flood did not directly flood the area where my house was, it turns out there is a drain right outside my apartment (which is much lower elevation than the tenants apartment) that led straight to the river, when the river flooded it pushed water up the drain and into my apartment. I rushed down to find 4 inches of standing water in my brand new apartment. I cancelled the move, bought a pump to get the water out and called servpro for water damage cleanup. Brand new flooring and cabinets had to be replaced and the walls had to be cut into about halfway up because they had soaked up too much water. This was not only expensive but soul crushing as well, my brand new apartment was wrecked. + +Second renovations happened from May-June, I salvaged what I could. I didn’t want to buy brand new cabinets/counters all over again so I reused what I could, but it definitely lost a lot of the “brand new” feeling that it had had before. + +Anyway, the move in finally happened at the end of June. I had also been renting an apartment during the whole renovation process, so was paying rent and apartment utilities from November 2019 through July 2020 on top of everything else. + +**Tldr:** + +Bought a duplex for $90,000, valued at $117,000, but it needed a lot of repairs/renovations. Long term tenants already living in one unit. + +Spent roughly $23,000 on the first set of renovations to fix up both apartments. + +Area flooded, flooding my new apartment. + +Spent roughly $17,500 on the post flood cleanup and second round of renovations + +See expenses/earnings spreadsheet linked at the top of this post for more details. + +Also spent roughly $7,000 on rent and utilities from November through July for a place to stay while renovating the new place. + +Amazingly, even though I was spending a large amount of money during this time, my net worth still continued to increase (see the net worth chart) thanks to the market continuing to grow. + +&#x200B; + +**Current financial situation (see earning/spending spreadsheet for full budget breakdown):** + +Current annual income (Sources are Investment dividends/interest, rent and military disability): + +\~$31,000 + +Estimated annual expenses (not including unplanned expenses) + +\~$15,000 + +After all the ridiculous amount of spending I did during the first half of the year (And also why I do not have a spending tracking chart as it would look bonkers) I have now settled down into a regular schedule. I am continuing to be thrifty, as it’s the lifestyle I’ve lived for the last 10 years and is routine now. Thanks to my 3 streams of passive income I am now actually generating more income than expenses. + +I’ve tried to make my budget as detailed in terms of planned expenses as I can, but there will always be outliers. For example, due to how unusual my finances are this year (no salary, huge sale of investments, purchase of property and many tax deductible repairs) I’m hiring a CPA to do my taxes for the first time. It will cost $400 for him to do my taxes, and I also had a 1 hour meeting with him in which I asked him a whole bunch of tax related questions regarding my current citation, which cost another $200. After this year I expect I should be able to go back to doing my own taxes as I have in years past, so this expense is something that lies outside my normal planned budget. But even with these one time/unexpected expenses, I’m still very much in the green in terms of my budget. + +&#x200B; + +**Satisfaction with the FIRE lifestyle:** + +I am a very unusual person, in that I am quite happy being by myself 95% of the time. I’m also very easy to keep entertained. Books/audio books, movies, TV shows, games, most of my entertainment is digital. And it’s actually only in the last year that I’ve realized just how vast the amount of entertainment that there is available. I’ve got a giant list of TV shows, movies, books, games that I’ve been interested in consuming, and if anything that list has only gotten bigger over the last year. + +I also find myself mini-side projects to occupy myself with. For example, I joined an online consulting website early in the year where you post your resume and companies will contact you if they want to get feedback/testing on a product/website/procedure that they have. Given my experience in the military and logistics, I was able to enter a few of these interviews/testings, and also make a bit of money on the side doing it. Naturally, as my skills deteriorate, I’ll be less eligible for this type of thing but it was fun. + +Over the last year, I honestly can’t think of a single moment where I thought to myself “I’m bored, I’ve got nothing to do”. If anything I’ve spent many late nights absorbed in something (which is ok since I can wake up whenever I feel like it now). + +And afternoon naps, they are a thing that I love so much. When I was in the military I would typically get up around 5:30-6:00 in the morning, go exercise with my unit for an hour, then shower/change and jump into the work day. It would usually be right after lunch when things had calmed down a bit that I would usually start to get drowsy and would have to stay on my feet so that I wouldn’t risk dozing off if I sat down. Now if I’m tired after lunch, I can take a nap and it’s awesome. It does wreck my sleep schedule on occasion though. + +Retiring right into the middle of a pandemic has not been ideal of course. I did want to travel a bit after retirement, there are a number of annual conventions/conferences I’ve always been interested in but never attended due to my focus on work. They are a no-go this year and probably next year as well. The same goes for socializing, while I’m perfectly happy to be alone most of the time I do occasionally want to engage in social activities. When I was in college I was big into pen and paper role playing games with a group of friends but have not gotten involved in it since then. There are a couple gaming stores in town but they have shut down during the pandemic. Fortunately I found a website that lets you form/find groups of people to play with online, and there are a number of digital tools that let you create characters, maps, roll dice etc. So I’m now part of a weekly online gaming group that are currently deep into our first campaign together. It’s great fun and fills my social interaction itch while being stuck at home. + +Many people say that “people need to work in order to have purpose and direction in their life” to which I say BS. I’ve experienced a lot in my life so far. I was raised overseas, I’ve traveled to over 20 countries in 5 continents, am an eagle scout, have been to war, have been in leadership roles my entire professional career. At this point, living a boring, relaxing life is just what I want and need. I’m not ambitious, I don’t want to be a CEO, hold political office or live like a celebrity. I just want to live a relaxing life and enjoy my hobbies. That may change some day, and if it does, then I’ll make adjustments in my life. But right now I’m living a life I very much enjoy and have no reason to change it. + +&#x200B; + +**Future plans:** + +Here are some things I'm interested in accomplishing in the next year or so. + +Travel - as I mentioned above, once the pandemic is over (second half of next year seems to the general estimate from experts) I plan on visiting a number of conventions/conferences/locations that I’ve been interested in but never got around to seeing while I was working. The good thing is that I can also take advantage of the off-peak traveling season for lower prices/less crowds for any places I want to sight see. + +Getting a dog - I love dogs, but never got one before because of how often I was either out of the country or away from home for extended periods of time. Especially since I am single I didn’t want to end up ditching it somewhere whenever I was gone. I held off on making any serious commitments during my 1st year post-FIRE just in case I changed my mind but most likely I’ll start looking for a dog to adopt early next year, there are a couple animal shelters near me that I’ve already stopped by to check out. + +More time with family - Again, something that has been derailed because of the pandemic. Due to being in the military I did not get a chance to spend much time with my parents (especially when overseas). I only saw them 1-2 times a year for a good chunk of my career. We are quite used to it given that my family has moved pretty frequently all my life (we were ex-pats living overseas when I was growing up) but I had hoped to be able to visit them more often now that I have so much free time. Unfortunately that’s not been possible given the current citation as I don’t want to risk possibly infecting them. But we do talk much more frequently than in the past. + +Becoming more handy with home improvement/repair - I’ve been learning basic home improvement skills (As have many people who are stuck at home during this time, lowes is always packed). I’ve learned to take apart and clean a window AC unit, caulk a bathtub, hang curtains etc. I’ll leave the more complicated stuff like plumbing and electrical to the experts, but it’s nice being able to take care of minor stuff myself. + +Boosting my emergency fund - I currently have about 7 months of spending in my savings account, I intend to increase this to 12 months of spending over the course of the next several months. The economy is wack right now and it would not surprise me at all if we have a full blown recession and market crash in the near future, so while the market is strong I’m going to boost my emergency fund. After that I’ll probably stop withdrawing my dividends from my investments in cash and just let them reinvest back into themselves, I think I can live quite easily on the income I get from my military disability and rent while leaving my investments to grow. + +&#x200B; + +**Conclusion:** + +So, to conclude this very long post. It’s been a crazy year, I’ve experienced a lot of things I’ve not done before, but overall, I’m very happy with my current lifestyle and have no desire to change it anytime soon. If you are still working your way towards FIRE, I wish you luck on your journey. +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 do follow a lot of stock analysts and traders. Seems to be all gloom and doom with last few days of fall in share prices. + +Strangely I feel happy as its an opportunity. Wish it would fall a bit more.....nifty 10k - 10.5 K would make me happier. + +Who all were sitting on cash waiting for a correction and happy about it? +With the industry emerging in various countries, most notably the US, and the prediction of legalization in the UK and Australia, what is the best way to invest for the future? +I am an IT freelancer currently living & working in The Netherlands for NL clients, and thinking about re-locating to Bulgaria and setting up a company there. + +Have others here done this or similar countries, and what are your experience in doing this? + +&#x200B; + +One concern I have is if I will have any issues working with the same clients from NL, when using a Bulgarian company instead of a Dutch company? Has anyone experienced any issue like this? + +&#x200B; + +Any other considerations to take into account? +I just read this [WSJ article](https://www.wsj.com/articles/these-people-who-work-from-home-have-a-secret-they-have-two-jobs-11628866529) about people who are stealthily (that is, without their employers knowing about it) holding two WFH jobs at once and just wanted to hear your thoughts on this. Is anyone here in a similar situation? Is this more of a USA thing with respect to their work mentality? Do you think the stress of juggling two jobs like this is worth it for the added income? +Hi. I live in a European country as an EU citizen, but I am interested in working remotely with a company what is located in a different EU country. + +Can I work remotely (while living in another country) and **be a regular employee** of the company or do I have to register as self employed in the country where I live? + +&#x200B; + +Also, if I work as self employed, will have to charge the company VAT (which I then have to pay at the country where I live)? + +\---- + +Basically I am already discussing with a company to work remotely and they told me that I have to register as self employed. I am wondering if it's only that company that requires this or if all companies require it. + Hi, + +I'm working remotely for a tech international company (Ireland based). I'm under a contract with the company, so not self-employed, but the company don't care where I am based in Europe. + +For the last 4 years, I'm based in Spain due to a relationship with a Spanish partner, but recently the relationship ended. + +My Salary is quite high by European standards - 150K EUR a year, and I pay quite high tax in Spain (deducted automatically from my Salary), around 60K EUR tax a year, + +**I thought that potentially I can move to another European country to lower the tax obligations, and from my new home, I can travel to different countries, etc.** + +Few things to note: + +\- I don't have an EU passport, I have only a Spanish resident (due to my relationship), so I can only go to places that give digital nomad visas or allow non-EU-passport holders to stay there. + +\- Going outside the EU will be complex, because my company do have an entity in Europe, and if I'll move to another country, not in EUR, they will probably start re-negotiate the contract. +I'm just putting this out there for folks who are struggling this winter. You can go to a mall or shopping center and just walk down the line, dropping applications. Also UPS, FedEx, Amazon, etc. are staffing up for the increased business during the holidays. + +It's a great time of year to pick up hours and make some extra cash. +https://www.bbc.com/news/business-51831004 + +> The Bank of England has announced an emergency cut in interest rates to shore up the economy in the wake of the coronavirus outbreak. + +> Policymakers reduced rates from 0.75% to 0.25%, taking borrowing costs back down to the lowest level in history. + +> The Bank said it would also relax capital rules to free up billions of pounds of extra lending power to help banks support firms. + +>It comes as the chancellor is expected to announce further measures to support growth and jobs in the Budget later. +My personal exit strategy will be dependant on 1 thing and 1 thing only. Margin Calls and Bankruptcy. + +The MOASS is going to be unpredictable and we can only speculate what the ceiling will be. For all we know the ceiling could be 20M or it could be 200m or maybe even infinite. + +We shouldn't base our exit strategy off arbitrary numbers but instead base it off factors that we can measure or observe. Using logic to determine when we sell, if we sell, is of utmost importance because we can then accurately predict whether a dip in the price is a true "End of squeeze" or if it's a false end, fabricated by SHFs to get people to paperhand. + +My personal exit strategy is reliant on Margin Calls and Bankruptcy. I won't be selling until I see people packing their belongings and walking out the front door of the heavily involved Hedge Funds and Banks. If these banks and SHFs aren't liquidated into bankruptcy, they will go to any means necessary to find a way to get people to paperhand because the only 1 rule that can NEVER BE AVOIDED is that 'ALL SHORTS MUST COVER!'. I am confident that I'll be able to estimate the rough ceiling after I PERSONALLY CONFIRM that MULTIPLE of these institutions have been bankrupt. I will not be trusting MSM to deliver the news. I will only believe the news after confirming it through my own Due Diligence. + +I will sell in small bursts (3% - 5%) once I confirm the news and keep 20% to feed into the infinity pool. There is a marginal difference in living standard from 10m to 1B so I really don't care about the 20% that will be left in the pool forever since it will barely make a difference to me but it will teach the 0.001% a lesson that will never be forgotten. Retail definitely owns the float multiple times over and this will be confirmed after the votes have been counted (~70% of people vote). If we own the float 5 times over, hodling 20% forever will lead to infinite price. This will also allow our X and .X holders to finally be able to experience a DECENT life for them and their families. + +This IS NOT a once in a lifetime opportunity, THIS OPPORTUNITY IS ONE TIME ONLY. EVER. + +This is not financial advice. This is my personal opinion and my personal reasoning for my exit strategy. + +🦍🦍💪🚀🌌 + +Edit: Many people are correct in saying that liquidation and margin calls ARE NOT THE CEILING. I AGREE. I PARTIALLY RETRACT MY STATEMENT. However I think the core principles are still applicable. Ty for wrinkling my brain further. + +Edit 2: u/jsmar18 - Mod mentioned this. This is important! +Be warned people who read this, we've seen MSM paint a false narrative before. Whats to stop them from doing the same when it comes to telling us the HFs have gone "bankrupt". +Also remember the DTCC insurance policy. + +Edit 3: u/Broviet says the following and I agree: +This needs to be at the top of every post that mentions the B-word. That shit Does. Not. Matter. + +I see what OP is trying to get at in saying the only way to know that the squeeze is in full effect is when they start actually dropping, but that is JUST the beginning. The bankruptcies and the peak of the squeeze will not go hand in hand. + +Edit 4: u/Filthygoy with the important link: +[MOASS preparation guide](https://www.reddit.com/r/Superstonk/comments/mm5qle/the_moass_preparation_guide/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) +Hey friends, Dave Lauer and Urvin Finance have put out an amazing [comment letter with instructions](https://www.urvin.finance/advocacy/we-the-investors-rule-13f-2-comment-letter) that you can send directly to the SEC for review. If you choose to send this letter, make sure you agree with it, then sign your name at the bottom, and export to PDF. + +If you want to send your own letter, please do a good job and represent yourself, an individual investor, as well as you can. Use fancy words that mean things. I'm highly regarded so, I just used the Urvin letter. + +However you choose to participate, be sure to follow these steps to make it super effective: + +* The subject line must include the File Number. For this proposal, you should use this subject: "Comment Letter for File Number S7-08-22 Short Position and Short Activity Reporting by Institutional Investment Managers" + +* Attach your comment letter, preferably as a PDF (alternatives include Word or Text docs) + +* Send the email to rule-comments@sec.gov + +Thanks <3 +This might be a small regional town point of view, but after spending a few trips to Sydney and Brisbane it's become really obvious that vendors are slapping card surcharges on transactions more now. + +In the past it was always accept that Diners/Amex would have the surcharge (the +2% etc) however Visa and MasterCard kinda went under the radar and EFTPOS/savings would generally not incur a charge at all. + +Only reason why I ask is after shopping/eating out a bit it's interesting to see the the surcharge (99% of the time) is not appearing on the EFTPOS machine but actually on the POS console as an itemised cost before being passed to the EFTPOS which then incurs akward conversations about having that surcharge removed because your paying cash. + +I get that they pass the cost on now and fair enough, but when you do the maths sometimes it's well above the "reasonable" threshold of sorts. Aka 25c on an $8 smoothie when paying by Visa -> Savings account. + +Maybe regional towns where I'm from either haven't caught up yet, or just include said fee into the advertised cost of the product (which is how it should be, seeing as all other costs incurred in producing the product are included). + +Just gave me that annoying plusplus (++) vibe you run into in Singapore. +thanks to [u/nayboyer2](https://www.reddit.com/user/nayboyer2/) for giving me the idea. Read his most recent post, but this boils down to looking at the volume for specific put strikes. u/nayboyer2 was looking at put volume this year and found something like 190m shares in puts expired today so I decided to take a look at Jan 21nd, 2022... + +&#x200B; + +https://preview.redd.it/j4t1xnowwot71.png?width=1277&format=png&auto=webp&s=3e868153f709c70f3e490b535d5f576be80e5c2e + +As you can see, 17.01 MILLION puts were bought on Jan 22nd, but the OI is only 135.59k... Which means someone(s) bought and exercised (or closed? I am not super familiar with options fuckery) 16.8ish million puts... Which would be something like ONE POINT SIX EIGHT SEVEN BILLION SHARES! + +Am I wrong? Is this fucking insane? I did the math and it just seemed wrong so I did it again. I mean it is fucking simple, right? (17,010,000 - 135,590) \* 100 = 1,687,441,000 shares. that is twenty two times the entire goddamn shares outstanding. + +Edit: + +I checked the 1$ put and found another 3m: + +[the smaller candle is 1m https:\/\/ca.finance.yahoo.com\/quote\/GME220121P00001000?p=GME220121P00001000](https://preview.redd.it/mcrv5kep2pt71.png?width=1354&format=png&auto=webp&s=271c66110dc08ff879908e82e4e85a65b3700601) + +$1.50 strike price is a boring 90k. + +$2.0 strike has another million. + +$2.50 has about 100k. + +$3.0 has about 600k. + +$3.5 has about 50k. + +it is a bit boring until $5 which has about 1.6m more. + +$10 has another 1.5m! + +all purchased Jan 22nd and 29th, 2021. + +and almost nothing shows in the open interest for Jan 21st, 2022. + +Edit2: + +I can't see these puts on any other options browser I have access to (and understand where to find shit), Questrade, barchart. I hope someone with access to something better can take a look! + +If I expand the chart to full screen it actually changes slightly... Where have we seen this before? + +&#x200B; + +[Weird, huh?](https://preview.redd.it/nvodmik0bqt71.png?width=1236&format=png&auto=webp&s=041fbdb7ac84eebce1ba51cdf3f41c19d717f3fb) + +Computer! Enhance! + +&#x200B; + +[Remember the Robinhood chats when Citadel was doubling down on their shorts?](https://preview.redd.it/76bzui04cqt71.png?width=890&format=png&auto=webp&s=1c055e0d698f2591c309189150c72135ec80f1ff) + +I really don't know what I am talking about if u/criand or someone wrinkled could take a look that would be swell. +I planned on buying via loan. My agent told me I lost to a cash buyer who offered 15k less than me. I’m pretty mad but also curious + +1) How common is it for cash buyers to offer less? + +2) Does this mean to beat them that I should offer even higher? + +EDIT** Cash BUYER IN THE TITLE POST +I had this idea.. What if Citadel has dirt on the DTCC and that's why they're letting this shit go on? + +My first thought was to look into any relationship between Kenny G and Michael Bodson, head of DTCC. + +**\*Insert 20 mins of DD, found no initial Kenny/Mikey connection, then decided to look into Mr DTCC's LinkedIn page\*** + +Michael Bodson worked for Morgan Stanley for 20 years from Jun 1986 - Jul 2006. Doesn't say anything about him before that. *How did he get this Managing director role?* + +Says from 1976 to 1980 he was in Boston College. Then there's a 6 year gap that says he's a managing director at Morgan Stanley. What happened between those 6 years? + +I'd like to know. + +**\*Insert Googling\*** + +[https://www.dtcc.com/about/leadership/board/michael-bodson](https://www.dtcc.com/about/leadership/board/michael-bodson) + +Says: + +*".. held a number of senior management positions with Morgan Stanley over a 20-year period. In his last position at Morgan Stanley, he was Global Head of the Institutional, Retail and Asset Management Operations Department. He previously served as Divisional Operations Officer for the Institutional Securities Group and Head of the Enterprise Information Group. He served as Head of Finance, Administration and Operations for Morgan Stanley Japan in Tokyo, and prior to that, he held similar responsibilities for Morgan Stanley Asia in Hong Kong. Prior to joining Morgan Stanley, he worked at Bear Stearns and Price Waterhouse. "* + +Wait wait wait... **hold up**. + +Michael Dodson, head of DTCC worked at Morgan Stanley. Prior to that he worked at **Bear Stearns**? + +And what the fuck is **Price Waterhouse**? + +YO I THINK I FOUND A RABIT HOLE!! + +**\*Insert Price Waterhouse Google\*** + +[https://www.pwc.com/](https://www.pwc.com/) + +*PricewaterhouseCoopers is a multinational professional services network of firms, operating as partnerships under the PwC brand. PwC ranks as the second-largest professional services network in the world and is considered one of the Big Four accounting firms, along with Deloitte, EY and KPMG.* + +So many ways we can Google this.... + +Let's start with "michael bodson price waterhouse" + +It just keeps showing the same LinkedIn bio. Let's remove the bear. (giggity) + +Google: "michael bodson price waterhouse -bear" + +Ooo interesting: + +[https://www.dtcc.com/annuals/2015/pages/management-committee.html](https://www.dtcc.com/annuals/2015/pages/management-committee.html) + +CTRL+F "Price" + +Look what popped up: + +## Susan Cosgrove Managing Director, Chief Financial Officer + +Susan Cosgrove is Managing Director and Chief Financial Officer, leading DTCC's global finance and treasury teams and overseeing the company's efforts to further strengthen its financial processes and capital position. She is also responsible for procurement, real estate, corporate services and location strategy. + +Cosgrove was previously Managing Director and General Manager of Settlement and Asset Services, overseeing all depository businesses. Prior to this role, she was the General Manager for DTCC's Equity and Fixed Income Clearing Services. Cosgrove is a member of DTCC's Management Committee, and she is Co-chair of the New Initiatives Committee. She also serves as a member of the board of directors for Deriv/SERV, Omgeo and Pencil.org, a not-for-profit organization leading collaboration between business and education communities. + +Prior to joining DTCC in 1999, she served as a Senior Vice President at Lehman Brothers in charge of Audit and Compliance for the company's Americas division. Before Lehman, she worked at Maxcor Financial Group for 10 years as Chief Financial Officer and Head of Compliance. Cosgrove began her career as a **Senior Auditor for PricewaterhouseCoopers** in its Financial Services Group. + +&#x200B; + +Side note: This popped up in the middle of my researching... lmao + +[Coincidence? Maybe lmao](https://preview.redd.it/hby96j5jzex61.jpg?width=625&format=pjpg&auto=webp&s=18fedac97d4dc4e7d8a0a972e74a702b7cec9278) + +&#x200B; + +INTERESTING. + +So the DTCC has at least 2 people in Chief positions who worked for Price Waterhouse. + +This seems important. + +\*Google google google\* + +Found this: + +[https://www.theguardian.com/business/2011/apr/14/pricewaterhousecoopers-lehman-brothers-administration](https://www.theguardian.com/business/2011/apr/14/pricewaterhousecoopers-lehman-brothers-administration) + +&#x200B; + +[Price Waterhouse Coopers profited 322 million Euros off the collapse of Lehman Brother's. INTERESTING!](https://preview.redd.it/f642crekwex61.jpg?width=1261&format=pjpg&auto=webp&s=7037bf86950a947d207d8fe97e183d3b33a2b673) + +So wait wait wait WAIIIT. + +When exactly did Michael Bodson go from Morgan Stanley to DTCC? + +\*Alt+Tab to LinkedIn\* + +**Mar 2007** + +&#x200B; + +I FEEEEEEEL A WRINKLE COMING ON!!!! + +When did the whole housing market thing happen? + +\*Insert Google: Financial Crisis timeline\* + +[https://www.thebalance.com/2007-financial-crisis-overview-3306138](https://www.thebalance.com/2007-financial-crisis-overview-3306138) + +## February 2007: Homes Sales Peak + +## February 26, 2007: Greenspan Warns of a Recession, But the Fed Ignores It + +## March 6, 2007: Stock Market Rebounds After Worst Week in Years + +## March 2007 - Hedge Funds Housing Losses Spread Subprime Misery + +## March 2007 - Michael Bodson becomes Executive Managing Director of the DTCC + +*(It doesn't say that on the page, I just added in for dramatic effect)* + +&#x200B; + +Ayeee so Mikey got a \~\~puppet\~\~ **managing** position at the DTCC the same month banks started to realize they were fucked? After previously working at Morgan Stanley and Bear Stearns? Hmmm... + +And now we know at least 2 Chief officers worked previously at PwC which profited 322 million from Lehman's collapse... + +Let's google "PwC DTCC LinkedIn" and see how many more connections we can find. + +# Sharon (Krim) Hayes + +## Director FP&A at DTCC + +Manager + +## PwC + +## 1995 - 2004 + +## 9 years + +Boston, MA + +5 years in Audit practice then 4 years in M&A practice. + +&#x200B; + +\- + +# P.J. Savalli + +## Executive Director at The Depository Trust & Clearing + +**PwC** + +14 years 7 months + +**Director**Aug 2003 - Feb 2010 + +6 years 7 monthsNew York, New York + +Provided advisory serves to clients in the financial services industry addressing a range of Governance, Risk and Compliance (“GRC”) issues, including Enterprise Risk Management, Operational Risk, Credit Risk, Internal Audit and Internal Controls. + +&#x200B; + +* **Manager**Aug 1995 - Aug 2003 +* 8 years 1 monthGreater New York City AreaConducted financial statement audits and attestation engagements for Banking and Capital Markets clients. Executed and led risk management engagements for clients in the financial services industry. + +\- + +# Jennifer Ng + +## Data Privacy + +&#x200B; + +* **📷\*\*\*\*Director of Information Privacy** +* The Depository Trust & Clearing Corporation +* Nov 2013 - Present +* 7 years 7 months + +&#x200B; + +* **PricewaterhouseCoopers LLP** +* 17 years 2 months +* **Information Protection - Sr Manager**Jan 2005 - Oct 2013 +* 8 years 10 monthsJersey City, NJ + +# Mahesh Gutala + +## Associate Director at DTCC + +* **📷DTCC**10 years 3 months + * **Associate Director**Feb 2017 - Present4 years 4 monthsTampa, Florida + * **Lead Software Engineer**Dec 2013 - Feb 20173 years 3 monthsTampa/St. Petersburg, Florida Area + * **Senior Software Developer**Mar 2011 - Nov 20132 years 9 months +* **📷\*\*\*\*Sr. Consultant**First AdvantageNov 2010 - Feb 20114 months + +&#x200B; + +* **📷\*\*\*\*Development ManagerPricewaterhouseCoopers**Jul 2006 - Oct 20104 years 4 months + +&#x200B; + +&#x200B; + +**THE LIST JUST GOES ON AND ON AND ON!!!!!** + +&#x200B; + +I wonder... is there a connection between Citadel and PwC??? + +**\*Google: Citadel PwC LinkedIn\*** + +&#x200B; + +# Jimmy Huebner, CPA + +## Tax VP at Citadel + +* **📷\*\*\*\*Tax VP**CitadelNov 2020 - Present +* 7 monthsChicago, Illinois, United States + +&#x200B; + +* **📷\*\*\*\*PwC**8 years 11 months + * **Asset Management Tax Senior Manager**Jul 2020 - Present + * 11 monthsChicago, Illinois, United States + * **M&A Tax Manager**Jul 2018 - Jul 2020 + * 2 years 1 monthWashington D.C. Metro Area + * **Asset Management Tax Manager**Jul 2017 - Jun 2018 + * 1 yearChicago + * **Asset Management Tax Senior Associate**Jul 2014 - Jun 2017 + * 3 yearsChicago + * **Asset Management Tax Associate**Jul 2012 - Jun 2014 + * 2 yearsChicago + +\- + +# Caitlin Estes, CFA + +## Senior Product Specialist at Citadel + +&#x200B; + +## Senior Product Specialist + +## Citadel + +Aug 2020 - Present + +10 months + +## Intern-FSR + +## PricewaterhouseCoopers + +Jun 2011 - Aug 2011 + +13 month + +\- + +&#x200B; + +# Evan Slaubaugh, CPA + +## Senior Accountant at Citadel + +* **Senior Accountant**CitadelDec 2019 - Present +* 1 year 6 monthsChicago, Illinois +* **📷\*\*\*\*PwC**3 years 3 months + * **Financial Services Tax Senior Associate and Digital Accelerator**Jun 2018 - Dec 2019 + * 1 year 7 monthsGreater Chicago Area + * **Financial Services Tax Associate**Oct 2016 - Jun 2018 + * 1 year 9 monthsGreater Chicago Area +* **📷\*\*\*\*State and Local Tax Intern** +* &#x200B; + +**PwC**Jun 2015 - Jul 2015 + +* 2 monthsHouston, Texas Area + +\- + +&#x200B; + +# Lynn (Qingmao) Lin + +## Finance & Accounting at Citadel + +&#x200B; + +* **📷\*\*\*\*Finance & Accounting**CitadelOct 2020 - Present +* 8 monthsNew York, New York, United States + +&#x200B; + +* **📷\*\*\*\*PwC**2 years 10 months + * **Senior Associate**Jul 2019 - Oct 2020 + * 1 year 4 monthsNew York, New YorkAssurance | Asset Management | Alternative Investments + * **Experienced Associate**Jul 2018 - Jun 2019 + * 1 yearNew York, New YorkAssuarance - Asset Management - Alternative Investments + * **Assurance Associate**Jan 2018 - Jun 2018 + * 6 monthsNew York, New YorkAssurance | Asset/Wealth Management - Alternative Investments + * **📷\*\*\*\*Corporate Tax Intern**Lehman Brothers Holdings Inc.Mar 2015 - Dec 2016 + * 1 year 10 monthsJersey City, New Jersey + * **📷\*\*\*\*Assurance Intern -FSO**PwCJan 2016 - Mar 2016 + * 3 monthsNew York, New York + +&#x200B; + +\- + +# Steve Root + +## Financial Controls Manager at Citadel + +&#x200B; + +* **📷\*\*\*\*Financial Controls Manager**CitadelOct 2019 - Present +* 1 year 8 monthsGreater Chicago Area + +&#x200B; + +* **📷\*\*\*\*PwC**10 years 4 months + * **Manager**Aug 2016 - Oct 2019 + * 3 years 3 monthsChicago, IllinoisI'm a Risk Assurance Manager for PwC in the Chicago office with domestic and international public accounting experience. I've had a diverse industry focus from the start of my career, including Banking (3+ years), Payment Processing (2 years), Card Services (3+ years), Asset Management (4+ years) and Insurance clients. As a result, I have developed a deep knowledge of **clearing house**, card processing and financial services systems, as well as the **processes and controls that accompany them**. + * &#x200B; + * **Manager**Jul 2015 - Jul 2016 + * 1 year 1 monthLos Angeles, CaliforniaRisk Assurance Manager for PwC in the Los Angeles office. Focused primarily in the Asset Management industry serving clients with AUMs between $17 billion and nearly $2 trillion. As a result, I have developed a deep knowledge of the processes and controls of investment advisors. + * &#x200B; + * **Senior Associate**Jul 2012 - Jun 2015 + * 3 yearsLos Angeles, CaliforniaRisk Assurance Senior Associate for PwC in the Los Angeles office. Diverse industry focus over the years, including Banking, Payment Processing, Card Services and Asset Management clients. Built deep knowledge of controls related to business process and ITGC’s. Delivered dozens of SOC 1 and AT 101 reports, including multiple first year engagements where a full assessment of the control environment was performed from scratch. + +&#x200B; + +**Again, list goes on and on and on and on.** + +&#x200B; + +So wait.. I wonder also.. + +&#x200B; + +Has anyone from DTCC and Citadel crossed swords directly? + +&#x200B; + +**\*Google Citadel DTCC LinkedIn\*** + +&#x200B; + +# Gerald Beeson + +## Chief Operating Officer at Citadel + +* **📷\*\*\*\*Citadel**28 years 3 months + * **Senior Managing Director, Chief Operating Officer**Feb 2008 - Present13 years 4 months + * **Chief Financial Officer**Mar 2003 - Feb 2008 + * 5 yearsChicago, IL + * **Managing Director, Global Controller**Sep 1997 - Mar 20035 years 7 months + * **Accounting Associate, Finance & Accounting**Jun 1994 - Sep 19973 years 4 months + * **Intern, Finance & Accounting**Mar 1993 - Jun 19941 year 4 months + +&#x200B; + +**Member, Board of Directors**📷 + +## Member, Board of Directors + +## The Depository Trust & Clearing Corporation (DTCC) + +Jun 2005 - Apr 2010 + +4 years 11 months + +\------ + +AHHHH There u have it folks. The current COO of Citadel was on the board of directors at the DTCC while serving as CFO at the time. + +That's the last piece of the puzzle for me. I don't need to look any further. + +&#x200B; + +&#x200B; + +So let's review what we've learned: + +The DTCC AND Citadel are both almost entirely made up of people who worked at a company called PwC which profited 322M from Lehman's collapse. + +Former employees going back and forth between all 3 companies. Would be super simple to share information and palm favors. + +Like for example.. + +**Easily approving financial statements when Citadel obviously does SHADY SHIT**: + +[https://www.sec.gov/Archives/edgar/data/1146184/000114618419000002/CDRG\_BS\_ONLY\_2018.pdf](https://www.sec.gov/Archives/edgar/data/1146184/000114618419000002/CDRG_BS_ONLY_2018.pdf) + +&#x200B; + +[Did ya'll even read anything? I bet you didn't. I bet you just approved their financials and ignored all their naked shorting over the years because Cindy gave you a BJ at a frat party in 89'.](https://preview.redd.it/xnicek7l6fx61.jpg?width=1398&format=pjpg&auto=webp&s=fafdb5516b9e0beec00a8b789311157b2ab245f0) + +&#x200B; + +I started this trying to find a connection between Kenny and Michael but found myself going down a rabbit hole that any normal sane person would be terrified to post. + +&#x200B; + +[lmao last time I posted something like this, I got death threats. This one might be legit.. Pray for me guyz.](https://preview.redd.it/0t8g7tswcfx61.jpg?width=1223&format=pjpg&auto=webp&s=d46227fa9df5dd28a41b4e02f8e8e875b0fe879d) + +&#x200B; + +Just for shits and giggles let's see how far PwC is from Citadel. + +&#x200B; + +[MOTHER OF GOD](https://preview.redd.it/k8nboe66zex61.jpg?width=1484&format=pjpg&auto=webp&s=61865d4886121f7ed2ceefb5cf067f3483fe20b2) + +12 minute walk from PwC to Citadel. + +&#x200B; + +This is just my opinion but based on this information, I think this is the reason why things have been moving so slowly. This mini shadow organization that's made up of all these people who worked for the same firms, even interns went from 0 to 100 real quick. High ranking positions, probably as puppets for a larger entity. *"Do this and that when we tell you to, and on paper you'll be kings and queens"* + +What does this mean? What is the point? + +&#x200B; + +Based on the proposed legislation changes, it appears to me that someone's tired of their shit. And closing in on them little by little and they're running around terrified someone's gonna see through all their shady activities. + +If I'm right, and they realized shit was about to hit the fan, they'd probably be...... up late.... on the weekends.... shredding all evidence of their fuckery.......... Hey wait, aren't there pics of lights on at all these buildings??? + +&#x200B; + +&#x200B; + +**TL;DR: A company called PwC profited 322M Euros off the collapse of Lehman Brother's. This company had many many employees who went from working at PwC straight to DTCC and Citadel. PwC is 12 minutes walk from Citadel. The head of DTCC Michael Bodson used to work at PwC and Morgan Stanley and Bear Stearns. He started working for DTCC the same month banks started to shit themselves, March 2007.** + +**Gamestop is 2008 pt 2. Same players. Same tactics. Same strategies. Different company names. The end is near for all of them and they're most likely all freaking the fuck out worse than we thought. HODL.** + +&#x200B; + +*Edit: Thanks for the awards but I'd rather ya'll spend those on GME.* + +*Message to Citadel, PwC, DTCC, whoever else is involved:* + +*Yo, maybe I'm completely wrong. Who knows. BUT the longer this shit goes on, the deeper we apes will be looking. And we're retarded. We can't help ourselves. We'll keep looking and looking and pointing shit out. We are the uncomfortable autistic child in the room saying very uncomfortable things that the adults don't want known publicly.* + +*Everyone knows you're doing some kinda shady shit, no one can definitively prove any of it but... SOONER OR LATER we're gonna stumble on something LEGIT Legit. And it's gonna fuck you up real bad. Worse than what ever covering would cost you. So you're better off just covering so we take our tendies and go.* + +Edit 2: + +Of course shills are gonna shill. Ape they are the 4 big accounting firms. DUH that's the point. One or more of them are in on this bullshit but PwC did the last opinion on them. PwC has deeper ties. PwC as a whole may not be in on it, I'm saying a few key employees could easily do favors. Theres major corruption. Shills are missing the point that Citadel and DTCC are intimate together. Idgaf about PwC I'm saying this is a tie to DTCC and Citadel. +Weekends may be boring, at least some times. I decided to share a simple study for those who are into numbers. + +What is the simplest trading strategy? I thought the following has a pretty good chance to be the one: "buy and open and sell at the end of the day". Below is a study for the strategy since 2010. + +**The Setup** + +* $25,000 to trade daily (assuming you would have 25K in margin at least) +* Trading only $SPY +* Buy at open using a market order +* Sell at close using a market order +* Do not trade on early close days + +[Simplest trading strategy setup](https://preview.redd.it/wklp6b4ef1g81.png?width=2940&format=png&auto=webp&s=bf42eed3cefbb154608b2b279b2a7926edd97d25) + +Since I'm testing the simplest strategy I decided to test a couple of stop loss variations + +* Stop loss 1% +* Trailing Stop Loss 1% +* Trailing Stop Loss 2% + +...and conditions for entry. Only trade when stock is: + +* Above SMA 100 on daily chart +* Above SMA 200 on daily chart + +**The Results** + +[Cumulative gain since Jan 1, 2010](https://preview.redd.it/xk4iw7prf1g81.png?width=916&format=png&auto=webp&s=87590f5c0de0fc83a5230114e238d8abd1d31b38) + +[Gain by year \(no stop loss\)](https://preview.redd.it/pyqtspx8g1g81.png?width=1252&format=png&auto=webp&s=020e862e0630d181a37481a1cf67480da7fa194d) + +PS: This post is for fun and educational purposes. Do not trade like this. +Way I see it, congress tried everything they could to avoid the dark pool and naked short. + +This should not be because they are bought, I believe, nor because they are incompetence. Some are. But I think the bigger reason for this should be because they are afraid of the truth going out, and nuking the trust in the US's market. + +The trust are long lost among the apes, and I know for sure a lot of apes will stay away from the US market after this. But apes are not the world, there are a lot of investors out there that are oblivious to the entire GME saga, who looked upon apes and saw we being the retards that we are. + +If those people lose their trust in the market, that would be critical. + +Congress is afraid of this. And that is a freaking good news to me. Fear can be a good motivation, as it push people off their comfortable chair to do their damn job. +As a recap, Aronson proposes using a scientific, evidence-based approach when evaluating technical analysis indicators. Aronson begins the book by showing how currently, many approach technical analysis in a poor manner, and bashing subjective TA. + +Some methods proposed by Aronson include: + +1. backtesting on detrended data to remove long/short bias of rule/strategy +2. Using Monte-Carlo permutation test to determine if the rule is actually statistically significant or merely a fluke +3. Using complex rules instead of single rules to generate signals instead (although he doesn't actually implement it in the book, he states the importance of complex rules and their superiority to single rules) +4. Splitting data into train/test data, conducting walk-forward testing, and evaluating the validity o the strategy every few cycles +5. Eliminating data-mining bias through various means, for instance ensuring sufficient trades are carried out to rule out the possibility of huge positive outliers + +if you have, what were the results you obtained, would your say Aronson's methods are valid? + +I recently took the time to evaluate Aronsons claims/approach and found mixed success on certain markets, and I have become skeptical of the validity of his claims. However, I have yet to come across another who has actually implemented/described the results they obtained, yet many have praised the success of the book. + +Feel free to share your thoughts on Technical Analysis/Aronson's methods/EBTA in general! +So yesterday I am suddenly unable to make purchases. Today I called the bank wells informed me that I called in yesterday to cancel my credit card. I said I didnt so the guy looked into the issue and said that its being expedited to Florida however since he realized it was fraud, he wouldn't give me the address to where it was being sent. He said that the person that canceled had all of my information including ssnum and mothers maiden name so they passed the security check. I was shocked that there was no email verification to the email address I had on the account or any phone call back verification, or even some notification saying "hey we are shipping your new card out on Monday" . Ive banked with wells for over 10 years and never had any problems but am shocked at this huge hole in their fraud dept. I was told that I could add a passcode to the account that has to be verified when I call in, instead of my mothers maiden name, but they wouldnt take the passcode over the phone because now I have to go into a branch and verify my identity. + + +Any lawyers out there know if there is any way for me to get the address to where they were going to ship the card in FL? I have family there and id like to know if someone close to me is trying to take my identity so I can separate myself from them. + + +How would they even know which bank the credit card was associated with? + + +I should maybe note that I just opened an account with Mint, anybody know if their security is weak? +Hi all, + +&#x200B; + +hope everyone is having a great day. + +&#x200B; + +The purpose of this post will be to dispel some common misconceptions I've seen on this sub in the past day in order to help educate people who are not familiar with accounting or investors' perspective. I work as financial accountant, with 7+ years in the industry, and masters degree in accounting and financial audit. Happy to provide credentials to mods if necessary. + +I strongly believe we should do better than MSM, who are infamous for pushing one narrative while ignoring the wider picture. People should not be discouraged or downvoted for raising questions or proposing different opinions, so I give mine below. + +&#x200B; + +# All I ask of you is one thing - assess all information presented to you critically. Don't bite into overhype, and don't let your self be let down when presented with less than ideal numbers without looking at the bigger picture. And for the love of God, don't downvote people just because their opinions do not fit the strict narrative. + +&#x200B; + +I've analyzed Q3 results of 2021, and used 2020 audited Annual report to fill in the understanding gaps for some of the figures. + +I've also compared the Q3 figures of 2021 to the Q3 figures of 2019, as IMO this is much more relevant comparison considering how bad 2020 has been for everyone and everything. + +&#x200B; + +List goes as follows: + +&#x200B; + +**1) Increase in inventory caused bigger net loss in Q3** + +When accounting for inventory, you debit Inventory account (assets), and credit cash or payables (liabilities). Inventory will only hit P&L statement at the moment that the sale is made and revenue recognized, and it will go into the cost of goods sold line (second line in the P&L statement). + +I've seen many comment saying that 'no wonder that net loss occurred when so much inventory has been bought up'; this is factually incorrect. + +&#x200B; + +**2) Gamestop is investing heavily into the future** + +While we know Gamestop invested recently in setting up a new distributions center, and have been hiring a lot of new and talented people (which is partly reflected in SGA costs line that increased by USD 75mil in Q3), we can't see yet any other investment just by looking at the financial statements. + +It could be argued that some of those USD 75mil of SGA are perhaps research costs of new technologies which cannot yet be capitalized under the accounting standards, but we won't know for sure before the full audited annual report is published. + +So while Gamestop is most definitely not a dying 'brick and mortar' company, it is also important to keep expectations in line, given the information that we have so far. Investments take a long time to realize, and even longer to become profitable, so whatever Gamestop is planning, it can be around the corner (unlikely based on FS), or couple years down the line. + +&#x200B; + +**3) EPS doesn't matter** + +Indeed, EPS doesn't matter to me and to you, as we know that fundamentals do not reflect the full picture (goodwill and brand value of Gamestop among it's customers, loyal consumer base, strong Board etc), but it matters to investors who do not spend hours per day looking into Gamestop and following any related news. + +If you put aside for a moment everything else besides fundamentals, negative EPS in the long run means that the company will burn through it's assets, and as a result equity will go down (simply put retained earning will decrease in every period in which net loss has taken place). + +So again, while this may not matter to you and me, it is hardly going to attract third-party relatively uninformed investor. + +&#x200B; + +**4) Sales are growing, nothing else matters** + +When comparing sales figures to Q3 2019, it looks like this (cumulative): + +YTD Q3 2019 Gross ~~sales~~ profit: 1,311.4 mil + +YTD Q3 2021 Gross ~~sales~~ profit: 969.6 mil + +So while Gamestop is going in the right direction in terms of growing sales in 2021, it is still 26% below the same figure in 2019. + +We are still in the Covid period, so comparison to 2019 may not be fully fair, but it is also not fair to only take 2020 year as a comparative period. + +&#x200B; + +**Additionally: DRS** + +I'd like to finish this post by saying how happy seeing the DRS figure makes me, and I was definitely not expecting it. + +I've written several mails to Gamestop's investor relation asking them why this information is not public, so I guess there must have been many other apes who have done the same considering this came out of the blue. + +It is the single most important metric we have for MOASS. I am looking forward to seeing at which pace it grows in the future. + +&#x200B; + +**Edit 1:** + +as this post got some traction, here are some useful links: + +Q3 2021 results: + +[https://gamestop.gcs-web.com/news-releases/news-release-details/gamestop-reports-financial-results-q3-2021](https://gamestop.gcs-web.com/news-releases/news-release-details/gamestop-reports-financial-results-q3-2021) + +Q3 2019 results: + +[https://gamestop.gcs-web.com/news-releases/news-release-details/gamestop-reports-third-quarter-fiscal-2019-results-and-updates](https://gamestop.gcs-web.com/news-releases/news-release-details/gamestop-reports-third-quarter-fiscal-2019-results-and-updates) + +2020 annual report: + +[https://news.gamestop.com/static-files/470c5a4c-bb4f-48d4-abec-befd467d3210](https://news.gamestop.com/static-files/470c5a4c-bb4f-48d4-abec-befd467d3210) + +&#x200B; + +**Edit 2:** + +As requested, I am pasting my answer below to the question 'was there anything good in the report?': + +*Yes, a lot actually.* + +*Sales are growing nicely and recovering from 2020, even though we are still in the Covid time (edit: and a lot of unprofitable stores closed as someone else mentioned in the comments below).* + +*Selling, general and admin costs are main drivers for the loss this period, but that is logical to assume when building up a company. I expect it to have a positive impact somewhere in the close future through either increased efficiencies in the entire firm, and value added by the new employees hired.* + +*Balance sheet is relatively healthy, and GME doesn't have to worry about surviving any more like it did back in Jan 2020.* + +*Having obtained new financial facilities means that creditors are willing to lend money to Gamestop, which is always a good sign (albeit I haven't seen the details of the agreement).* + +*And most importantly, we have the DRS figure, which means Board listens to its shareholders.* + +Please note that this edit was not part of the original post, and is just my opinion. May or may not be correct. + +&#x200B; + +Oh, and not a financial advice :) + +&#x200B; + +Thank you for your time and stay safe. + +Dalmatian\_In\_Exile +I'll admit, this on won't work for everyone. But it will work for *most people*. + +Step one: take a deep breath, remember that your value comes from who you are not what you own, and remember that people *like* helping other people. + +Step two: message all of your family and friends, and mention that you would like to offer them a trade: "Money has been tight recently, I'll take all your clothes to the donation center for you, if you don't mind me looking through them first." + +If your family, friends, and coworkers are anything like mine you'll have quite a few people who buy too many clothes and know they buy too many. These people will watch daytime tv telling them how to clean, gather a bunch of their unwanted items in bags, and then never actually go donate them! + +Hell, it's such a common occurrence that even John Mulaney did a bit about it. + +Don't think you have to be *exactly* the same size either. You'd be surprised how many "oversized" sweaters and "fat pants" people will have lying around that they haven't worn in years. And if you're a bit handy, even complete misses can be cut up and made into patches, washrags, or stuffing. + +The final part of this tip is the most important, remember: people like helping, and they *love* hearing that they successfully helped. + +No matter how many clothes you ended up keeping/getting rid of, send or say a genuine thank you to the person a week or two after. + +Mention it was a big help, and how it positively impacted you (reduced stress, helped save for bills that month, got cat's surgery with extra money, etc.) If they're anything like the people I know, they'll be thrilled and offer to do it again sometime. + +And that's how I haven't needed to buy clothes in years. +At the title reads, went through a major insurance provider and typed in my details and the quote came up at £80. I was sceptical but just assumed it was my lucky day. + +Now they are calling me up and say that they need to talk to me urgently. I'm assuming their algorithm went wrong somewhere. + +What should I say when I ring them up, are they obligated to honour the transaction at the price quoted? + +They have already sent me all the policy documents and everything looks fine, policy is due to start in two weeks. + +Edit: thanks everyone, will call up tomorrow and see what they have to say for themselves. + +Update: So they just called me up and told me that they would be cancelling the policy and providing me with a full refund plus a £30 gesture of goodwill. Didn't quite understand the issue but it basically revolved around them not adding the premium to the price. So I had only paid for the arrangement fees. They said that the policy wouldn't have insured me in the case of an accident despite me having given them all the correct details. +Some people may have jumped too quickly to comparing now to the end of 2017, and forgot we had several big crashes in the middle of the bull run. Some also around 40%. + +Keep in mind that Bitcoin had only gone 3x the previous bull market's ATH ($19,500) so far in this bull run. At the end of 2017 it had already done 15x. So it's hard to imagine that this bull run would end this soon. + +In the last bull run, Bitcoin had gone 3x in the summer of 2017, then had a big crash in July. + +A scenario that looks familiar to what we're in right now: + +&#x200B; + +https://preview.redd.it/0qishz5zu2071.jpg?width=1360&format=pjpg&auto=webp&s=a5019cd0d31e75c938dc155d7f16decc29bc624b + +&#x200B; + +https://preview.redd.it/aok5zfba03071.jpg?width=1366&format=pjpg&auto=webp&s=3760dfcd96b6eba9ee8a48d98be1028143396db1 + +Put these two events together, and you see a lot of the same patterns: + +&#x200B; + +https://preview.redd.it/9henoyg3v2071.jpg?width=1342&format=pjpg&auto=webp&s=61959c93fea93a4fbc5df7fde985d4519287e248 + +We seem to be repeating more and more of the same patterns from 2017. History is starting to really repeat itself. + +Which would seem odd since we now have big institutional players, on top of everyone now knowing what happened in 2017. But that hasn't stopped people from repeating all the same mistakes. The same FOMO buying when the price goes parabolic, and panic selling at the first dip. Same volatility. Even falling for all the same scams all over again. + +New players may have bigger pockets, but human psychology and behavior remains the same. + +If you look at the bigger picture, it not only looks like we are following the same trend, but the price going back down is actually putting us back on track: + +&#x200B; + +https://preview.redd.it/eptmkkfsv2071.jpg?width=850&format=pjpg&auto=webp&s=a188225bdb93f167fbda7171e7b842a617668d07 + +We were getting too close to the upper band, and there may have been the beginning of a deviation forming. The crash has dramatically corrected that, and actually put us back more into the usual pattern, and kept us from reaching the peak too prematurely and at a lower price. + +Whether this crash was caused by a Wyckoff formation or pure manipulation is another story. But whatever happened seems to be the same behavior we've seen in the last bull run. +I know this may seem a bit crazy to have just now broken that barrier, and in the end we still spent far too much as a whole... But the fact that there is no debt is a massive, massive victory that we have never accomplished before, and we still have a (for our current situation) decent amount left in savings. + +If you'd have told me this would be my future even a year ago, I'd never have believed we would get our heads above water. + +For anyone who doesn't think they can, KEEP TRYING. Never give up. Don't get yourself down. We all slip, like with my past food addiction I never succeeded until I stopped beating myself up about mistakes. + +We had like $70k in debt, and are on a direct track for that to disappear. We even have cards we haven't been able to close with a decent amount of credit, but we did not touch *once* this season. + +Compared to a few years ago where every single card was maxed out continuously, and where available credit was like a sign saying "free money!" I could not be happier. + +That's all. I just needed to say this out loud, both as a tooting of my own horn, but also to solidify it for me and remind me if I struggle. + +I don't post here like ever, but this sub has made a difference. If it weren't for Reddit, I may never have gotten a good consolidation loan. So thanks. + +Have an awesome new year. + +**e: Oh holy night, *now* I understand "RIP my inbox" comments, but couldn't be happier.** + +Thanks to everyone who replied, it means the world! For those with questions I do intend to get back to you, and for those posting words of encouragement, thank you so much for that. + +One question I've gotten a lot is how we did it. That was the part that surprised us. We have a house with minimal equity, which helped a small amount with using that equity to pay down a fraction of our debt, but it was the chunk we needed to get the okay on our consolidation loan (and banks love to have *all* of your accounts). Combined that with our reasonable income (I'm on disability but my wife makes a high 5 figure salary so it gave us a good footing) and the fact that we have not missed a minimum bill payment and it provided us the leverage we desperately needed. + +I can say that one of the best things you can have under your belt is to be able to go to the bank with a positive payment history. Too many late payments really mess with your credit score, so even if you can *only* just make the minimum payment, do that! + +Cutting costs and trying to be more pragmatic is the other huge step that we needed to make. I worked hard to get my health in shape and doing that made my propensity for impulse and worthless spending easier to control. It may sound cliche, but I remember starting to change when Winter Soldier came out, I realized I had about 20k in debt id racked up on a card and had been putting off telling my wife about it every time she asked for a balance. My days were absolutely miserable. I was trying with all my power to avoid telling her, and finally admitting it was *hard as hell*, but we made it through it. + +It is possible to do it, because if someone who has as much of an addiction to buying useless shit as I do can, it's possible for anyone else. Like quitting smoking or losing weight, you very well *may* stumble or even fail. That's natural. Do *not* let that get you down, please don't. We are human and we are all fucked up in our own unique ways, getting out of debt is a very weird and challenging part of life, it may feel like a slog (it sure has for years) and you may get to the ground floor and fail again (this is not our first rodeo with consolidation loans) but if you persist, you may just be able to succeed. + +Again, it's cliche but if you fall, pick yourself up again and get back into the fray. Don't let debt win. It's not worth living your life running to try and play catch-up. That new thing you *must* have feels that way for a very short time after you buy it, and that feeling goes away. And when it's gone the only solution is to buy more and more, but being debt free and being able to buy that cool thing without having to go insane figuring out how you'll ever pay it off is **way fucking better.** + +Thank you all, again. You've fucking MADE my Christmas and New Year. +The recent days PLTR was and is probably the most anticipated but controversial Stock in a lot of financial subs here. + +But what are they actually doing? +Here's a recent Blog from them, about them: + +[Palantir is not a data company](https://medium.com/palantir/palantir-is-not-a-data-company-palantir-explained-1-a6fcf8b3e4cb) +"The central bank cut its one-week repo rate by 1 percentage point to 15%, marking the third straight reduction in interest rates under governor Sahap Kavcioglu from 19% at the start of September. The bank said many factors behind surging consumer prices were “beyond monetary policy’s control” and that it would “consider” ending its cycle of rate cuts this December. + +After the decision Turkey’s lira plummeted about 4%, hitting 11 against the US dollar for the first time." + +Is this a political move by Erdogan? I do not have a great understanding of Turkish politics, however, Erdogan does not seem to be well liked by Turkish people I know and this decision seems irrational. Erdogan apparently holds the view that high interest causes inflation rather than tame it. Where else has this type of thinking been seen? Is it that common at all? This is the first time I have seen that opinion on interest rates and inflation + +https://www.ft.com/content/2db0434d-2851-4485-850d-06cfca32ff22 + +Edit: Added Quotation around the article text. +My partner and I are closing on our first rental this week and I’m wondering what rental management app/website you guys have used and loved or any you don’t recommend to help keep things organized. Please throw any other advice you have our way as well. Thanks in advance. +I have read a lot about various financing of investment properties -- a popular method seems to put a minimum down payment on the property (\~20%) and finance the rest. You then make up that spread on rental income. Do any investors out there put more than the minimum down, like closer to 50% or 75%? If so, is your reasoning so that you are not super leveraged and sleep better at night? If you have the $ to put more down, doesn't it just lessen your mortgage payment, and you're still collecting rental income? Dave Ramsey says he pays all cash -- regardless of whether that is true or not are there arguments for putting much more down than the minimum of 20%? +I’m looking to purchase my first home in Delaware. I’ve been pre-approved for just short of $300k. I’d like to buy a property to rent out but I’m not sure how it would be done without an FHA loan or first time home buyer assistance. Maybe I’m over thinking this, idk. I don’t have enough to cover 20% but I do have a significant amount stashed away. Can someone please explain? + +EDIT: just to clarify, yes I’m well aware I cannot use an FHA loan on an investment property. I’m asking how could it be done without that loan? + +Probably should have also mentioned I’d like to stay where I am now, in New York +This is a piece to do a quick overview of decentralised exchanges and a quick comparison for newcomers and old timers alike. + +As you may already know, the first generation decentralised exchanges are + +* **expensive to trade** +* **slow** +* **limited to assets within one blockchain** +* **spot only** + +It's also prone to errors and fat fingers. These include the old idex, etherdelta, and uniswap. These were unsurmountable obstacles at that time, as such, centralised exchanges flourished. + +However, I believe it's finally time for decentralised exchanges to shine. In Jan 2021 alone, [aggregate volumes hit 55.8B usd](https://www.coindesk.com/decentralized-exchange-january-2021-volumes-record). This was unthinkable just a year ago. Decentralised exchanges are finally able to solve all of these issues by + +1. Settling trades in Layer-2 (L2) - greatly lowering fees and increasing speed +2. Being multi-chain - greatly increasing the amount of pairs you can trade +3. Introducing derivatives - allowing you to YOLO and leverage your life savings + +This brings it to parity (somewhat) with centralised exchanges. I regard these 3 to be essential functions. + +This article will give a quick introduction to some of these projects and compare them. + +&#x200B; + +[Comparison of DEXes](https://preview.redd.it/yld62j8krmk61.jpg?width=1920&format=pjpg&auto=webp&s=0e2503d69310e3f242307dc7f52813d124fa702c) + +**Group 1: Dexes that only have 1 out of the 3 essential functions** + +This includes MCDEX, Futureswap, DerivaDex, Kwenta, dFuture, DeversiFi, Zkswap and so on. These are Dexes that have tried to solve some of the issues but lack other essential functions + +**Group 2: Dexes that have 2 out of the 3 essential functions** + +These are very promising projects which have achieved a lot in this space like Synthetix, dYdX, Perp, Loopring, Waves, IDEX and have a strong team. However, at this point in time, they need one more essential function. + +**Group 3: Dexes that have 3 out of the 3 essential functions** + +Now this is what I'm talking about. Let's explore each of them briefly below. You can search them up to read more. + +**1. Serum** + +Serum is built on Solana which has extremely fast block times (400ms) and very low transaction costs. It is able to interpolate between Bitcoin and Ethereum. Currently it's live and users are able to swap tokens with margin trading coming soon. Raydium has also launched as one of the first few tokens on SOL and users are able to get it there. + +The SRM token is a governance token and 80% of the DEX fees goes to SRM buy and burns. SRM can also be staked to give SRM holders 50% discount on trading. + +Serum's backers include FTX, Alameda Research, Multicoin Capital, 3commas and more. + +Website: [https://projectserum.com/](https://projectserum.com/) + +2. Injective Protocol + +Injective is a layer-2 decentralised sidechain relayer network that is core tendermint-based. It's fully permissionless, allowing anyone to trade anything. It will offer It is able to communicate with other blockchains with Cosmos. It has formed several partnerships with Elrond, AVAx, Marlin Protocol, Ocean Protocol, HuobiECOchain and Covalent. + +The INJ token is also a goverance token that users can also stake to earn rewards. Details are not out yet. + +Currently, it's on testnet, with mainnet planned for Q1 2021. + +Injective is backed by Binance Labs, Pantera, Hashed, QCP Capital, 3commas and more. + +Website: [https://injectiveprotocol.com/](https://injectiveprotocol.com/) + +3. Demex + +Demex is also a core tendermint-based L2-Dex that will be able to offer multichain support between NEO, ETH, BSC and ZIL tokens. The tendermint-based consensus algorithm is able to reach 10,000 tps and it will be launching the world's first decentralised futures with 150x leverage. + +The SWTH token is an essential part of the ecosystem and holders are able to participate in governance, stake to receive rewards. Stakers also receive all of the fees from the exchange, or can use it to mint CDPS for stablecoins(coming soon). + +Demex is backed by Neo Global Capital, Neo Eco Fund, Zilliqa, Defiance Capital, Three Arrows Capital, Digital Assets Capital Management, DeFi Capital and MXC Exchange. + +Website: [https://dem.exchange/](https://dem.exchange/) + +As you can see, these are the three top decentralised exchanges that will rock 2021. Each of them are different and focus on different markets with different audiences. + +What are your picks? Share them below. + +Disclaimer: All projects are great projects. I probably hold a bit of everything in here. This is not financial advice. Also all information is to the best of my knowledge. +It's cool to gradually understand the field in which you work. + +I now read a lot of books on trading and building algorithms in trading. + +👇👇👇 + +I started like everyone else, with moving averages, which I built on what appeared in my head, and that is, I took PineScript and made myself a very simple strategy. + +Then I learned about TakeProfit / Stoploss that help limit risks and keep your balance in an adequate state. + +There are many different books on these topics that tell you how to manage risks correctly. But I'll be honest, I came up with a fairly simple rule - I open a buy order for 3% of my deposit. + +I'm reading this book right now +[**The Encyclopedia of Trading Strategies**](https://books.google.com/books/about/The_Encyclopedia_of_Trading_Strategies.html?hl=ru&id=sx4NXPe4_qUC)[https://books.google.ru/books/about/The\_Encyclopedia\_of\_Trading\_Strategies.html?id=sx4NXPe4\_qUC&redir\_esc=y](https://books.google.com/books/about/The_Encyclopedia_of_Trading_Strategies.html?hl=ru&id=sx4NXPe4_qUC) + +While I was reading it, I mentally went to the genetic algorithm, because it was clear that 1 strategy will not be enough and you need to combine some parameters and find the best 📷 + +And when I got to the section about genetic algorithms in the book, I was pleasantly surprised! after all, this is what I need! + +This is very similar to some kind of neural networks, but only in neural networks we have the problem of interpreting the results, and here everything is clear and understandable. + +Now I will look for solutions for such genetic algorithms and try to build my own small system. if you know any ready-made solutions on NodeJS, I would be very happy! +Here’s the link to my [original post](https://www.reddit.com/r/personalfinance/comments/fpxmox/is_negative_equity_on_a_car_loan_ever_worth_it/) + +We did it guys! My fiancé and I managed to back out of this terrible loan, 5 days after signing. Here’s the full story of how this loan was unwinded if you’re interested: + +The day after signing, we went in and told them we’d like to cancel. We expressed our regrets with signing without giving it enough thought. I even told them how debilitating my anxiety can be, which contributed to me succumbing to the high pressure they give customers. They denied the high pressure and said that there was no reason for me to be anxious. I fought that point a little but but ultimately told them it was a mistake and that we’d be so grateful if they could void the contract. The sales manager seemed disappointed but okay to see if he can make that happen for us. He left to talk to his GM and came back 5 min later, saying that he would cancel but cannot because the loan has “gone through” with the bank. Apparently, there was nothing the dealership could do. Bewildered, we gave the bank a call to see if it actually works that way. After a 2-hour hold, we got to a CSR who told us that nothing would have gone through in less than 24 hours and that it is 100% not up to the bank to keep this loan in place. + +We went back to the sales manager and told him this. There was a lot of back and forth (obviously they were lying to us) and the GM came into the picture. The GM was very contradictory, going from saying “we made it clear to you that there’s nothing in my power that can void this contract” to “legally I don’t have to do anything for you.” He also reminded us that he now owns the car that we traded in. He pointed out how great of a car we signed up for, highest trim, sunroof, etc. When we told him that it’s not about the car but about the loan, he tried to convince us that we were doing the math wrong and aren’t looking at the bigger picture (less interest payments). We expressed that we really don’t want it. He gave us a deal: pay him $5k to get your old car back and cancel this loan, or keep the contract but receive incentives such as $2000 rebate, free oil changes for life, etc. We told him we’d think it over and come back tomorrow. We did not take delivery of the new car. + +The next day (Saturday), my fiancé went in alone cause I had work. Taking the advice from fellow redditors, we decided to go into offense mode. I had drafted a letter explaining our experience with them to be mailed to various consumer affairs agencies in our region. He went in with that letter. In the middle of the showroom, my fiancé told the GM that we are willing to take the $5k deal to get our car back (this was a bluff, just wanted to see where it would take us). He asked the GM if we could have this deal written on paper so that we can have it looked over by our lawyer and ensure that we will get our car back from this (we never actually had a lawyer). Taken aback, the GM said that he feels bad taking our money like that and went on to encourage us to keep the new car. By this point, my fiancé was getting pissed and raised his voice. He told the GM that in no way is this car deal good for us and that he’d like him to stop trying to shove it down our throats. He told him that a lower interest rate doesn’t mean shit if we’re getting ripped off $20k. He pulled out the letter, told him that we’ll be contacting these agencies and that we will be going forward with a lawyer. He also mentioned that all conversations since the day before have been recorded. The GM chuckled and told him to do whatever he wants (all this was happening in the showroom with many employees watching in silence). The GM kept saying “let me figure something out for you, don’t stress, man” and my fiancé stormed out. Outside the dealership, in plain view of the people inside, he took multiple photos of the new car and of a misleading ad sign they had for “one year of car insurance on us.” The GM ran out to him and said “I didn’t want to say this in front of them but I do want to cancel this for you. Just give me till Monday cause the banks are closed tomorrow. I gotta make some calls and pull some strings. Trust me, I’ll do what I can. Don’t stress” + +Fast foward to Tuesday morning. We went into the dealership expecting the GM to make up another reason to keep us locked in. To our pleasant surprise, we were welcomed by their finance director who took us into her office and offered us two options: keep the car contract but with biweekly payments reduced to $371 CAD biweekly (from $389) with a slightly lower interest rate, or cancel the contract but pay $1200 CAD for the new car restocking fee and servicing that had already been done on our old car. We paid them the $1200 and drove off in our old car, taking that as the price to pay for our bad decision. + +It was important for me to write all this out for anyone in the future who finds themselves in this situation. There is hope and if you stand your ground, you have a chance to get out of a bad car deal. I think it helped that we initially acknowledged our responsibility in this instead of putting all the blame on them. This was a big life lesson for us and I’m kind of glad to have gotten that lesson early in life (we are in our early twenties). My parents saw nothing wrong with this car deal. That was a big eye opener for me. Many older adults just aren’t smart with money and I don’t want to be like that. We will soon be looking into refinancing our current car, pay it down and not even think about getting rid of it before we break even! +Dilemma, dilemma. Just ran the numbers and my all in cost to attend the upcoming bitcoin conference in Miami would be about $5000. I’ve got the money, and I would like to attend. But then again, picking up some more sats would be nice too. Thoughts? + +EDIT: What an overwhelming response. And, in going through all of the comments (which I did and appreciate) - the consensus is: Buy the BTC. Which I will do. It was good to hear all feedback both positive and negative about the ‘value’ of the conference…thanks to all. + Ok but not really but once again, our community held together and endured the face of corruption. Corporate juggernauts marginalized us, rampant profiteers sought forth to influence us in hopes to acquire us. The community rallied to support /u/zjz to defend us but circumstances aren't aligned at this time for him to fulfill his duty. He is not a martyr but one of many guardians that oversee now almost 9 million of you. People talk like his bots are what's important. Truth is that it is how much of his life he dedicates to this thankless task that makes him an asset. How he spends the time getting to know as many of you on a personal level lets you know this sub isn't run by robots but people. + +A repeat of history haunted us recently. Some of the mods took risks to make a stand against a repeat. I stood with them because our resolve is unwavering in protecting the integrity of the community. Our moderators are the biggest obstacle for those wanting to take advantage but this story isn't about us moderators. This is another story about you. We are here for the community, not the other way around. The ones who didn't understand are finally gone. Those of us who remain are left to repair the tarnished culture of moderators past. While temptation became a challenge for them, there is no denying their past contributions. We wish them the very best. + +&#x200B; + + There have been many opportunists popping up everywhere pretending they /r/wallstreetbets. From fake merch to fake discords, fake social media accounts, and subreddits. If it's not linked here, it does not officially represent the subreddit. They say that imitation is a form of flattery. Clout chasing is for clowns. + +&#x200B; + +&#x200B; + +So how are things different? We hope to change the way we do things internally, getting rid of secretive groups within the ranks and commit to open communication where there was none previously. The mistrust lingers heavily but I'm confident that our goals are aligned and hope this will the basis in which we will heal any wounds. Any differences will be worked out, not just set aside so that we may remain one cohesive unit in support of the largest community of traders, investors of all ages, and experience. When we help each other, support one another we can all persevere through anything. That how we win. Winners give off an aura that fuels phenomenal growth in our community as well as our wallets. + +&#x200B; + +&#x200B; + + This is your story to tell. Don't let them tell it for you. + +&#x200B; + +&#x200B; + +On behalf of the mod team. + +&#x200B; + +Don't come here to fuck around. Be here to fuck. +This seems to be a growing area and I'm interested to know what options exist to do this, and what advice people have on how to do this smartly. + +I have my eye on a number of pre-IPO companies that I believe are looking very strong and have great products (mainly tech products), but it isn't quite clear how to go about investing in them. I've contacted a couple of them directly but neither are doing funding rounds right now. + +I've also seen platforms such as EquityZen that offer this, but they seem to be primarily intended for US citizens. I think they allow UK investors as well, but the tax and other implications aren't clear. + +I'm also interested to know if it is possible to invest in these in such a way that any IPO would allow them to transition into my S&S ISA (probably a long shot!) + +Anyone have experience on this and able to share advice on how it is done? +Hi I invested £20 into ginx tv 5/6 years ago. I think through crowdcube platform but on an old email I don’t have access to anymore. + +There is an expiry date on the certificate I don’t know what that means? Also sky and itv have invested too so I’m hoping the value of my shares have gone up rather disappearing in some zuckerberg type deal. + +Picture attached. Please advise can I sell these if worth anything if so how? If not I can through the paper away after all this time. + +https://ibb.co/5MmRNnb +Do people here invest in small cap value stocks either in U.K. US or globally. + +If you do how do you take your exposure to them either through mutual funds etfs or individual stock picks + +Anyone know how you go about doing this and where you do this? + +What’s your experience been like for investing in small cap value stocks? +https://youtu.be/IojZCeUjhRg + + +So Terry Smith and the fundsmith team released Their AGM for this year. + +Terry smith is described as the English Warren buffet and I think he deserves that title. First he had a double digit return from 2000 to 2010 when most of the people had negative returns this was his pension fund by the way. + +Then around 2010 he created fundsmith and the past 10 years have also been amazing for the fundsmith team + +Fundsmith is now the biggest fund in the UK +As my flair says, I’m still new (over a year in the market now, but still new). I feel fortunate that I was careful when I entered the market, having taken in as many lessons as I could beforehand. + +That said, even being careful, I wasn’t shielded from making mistakes, and there are plenty of lessons that, although internalized, still have to be fully learned the hard way. Lessons such as… + +1) This is not a profession for those unwilling to feel uncomfortable + +I encourage everyone to try trading at some point, but heads up: it will make you uncomfortable a LOT. You’re going to be wrong a LOT, lose trades a LOT, and feel frustrated a LOT. + +2) You are not immune from the Dunning-Kruger Effect + +If you’re unfamiliar with the concept, the Dunning-Kruger Effect basically argues that those with the least amount of knowledge are often the most confident. You can be the most humble trader in the world, but at some point shortly after starting, you’ll feel like you already know everything. That’s when you’re likely going to receive your first rude awakening. + +3) You need to earn the privilege of risking portfolio percentages + +The common belief that traders shouldn’t risk more than 1% of their portfolio should not apply to new traders. According to Live Traders’ Jared Wesley (who is an excellent trading coach and motivator), new traders should never risk more than $10 per trade. A new trader’s job is to learn the ropes and establish an edge, not make money. + +4) You will fall victim to one or more of the three deadly trading sins + +Greed, fear, and ego. At some point, new traders will feel trapped in the depths of at least one of these three sins. Over and over, these sins will cause you to make the same mistakes (e.g. not taking profits because you held too long for more, not getting in because you’re afraid of losing, not taking stop losses because you cannot be wrong, etc.) + +5) Progress is not linear + +There will be moments of improvement followed by moments of foolishness. You’ll take two steps forward only to find yourself one step back. How will you respond in these moments? Will you pick yourself up and continue the grind, or will you mope and try to play the victim? + +6) Emotion has no place in the market + +Being excited to trade can be just as detrimental as being afraid to trade. If you took a loss, expect no sympathy; others may give you tips, but don’t think they’ll coddle you. + +7) You can’t just learn a lesson; you have to learn the right lesson + +Sometimes, you think you’ve learned a lesson from your mistake, and you won’t even realize at the time that it’s the wrong lesson. Learning the right one could be extremely painful and will require you to swallow your pride. + + +Note that I tried to avoid the usual lessons that can be found in many other sources (including this subreddit). I continue to learn these harsh lessons as I enter my second year. Please feel free to add your own; I’d love to hear what the community has to say. +So, as a true theta gang warrior, I had been selling puts on BBBY at around $4-$5 the last month. After this crazy spike, I decided to go short 100 shares at $20 and Sell a put at $13. + +This should act essentially as a covered call, right? if the price falls to $13 I'll be forced to buy 100 shares at that price, essentially flattening my position, right? + +Side notes: I've done me dd and believe that $20 is severely overvalued for BBBY and am okay holding this short position for a long time. Also, I've made sure that this position is an extremely small portion of my account, just in case for whatever reason this would become another gamestop. +These vultures are pretty known here in Sweden. So much that there is a book called “The consultants” describing how they went about it all. + +https://sv.m.wikipedia.org/wiki/Konsulterna (Swedish wiki link sry hope translate works) + +Apes, these assholes are up there with Ken Griffin, Steve and the rest of the corrupt assholes of our world. + +I am so happy RC is aware and ready to bring the hammer down on them. They’ve truly fucked with the wrong company this time. +Lost my old man at 74 yesterday. Typical old school British dad. We butted heads, disagreed on many things, shared similar opinions but always found something to argue about. He died in bed lying next to a box of chocolates. It’s hit me more than I thought it ever would but I’m glad he went out in a nice way rather than a drawn out process we all expected. + +Him and my mum spilt up many years ago and I have little other family apart from my brother and my aunt (his sister) who unfortunately found him and was requested by the nhs to perform cpr despite him being hours deceased. + +His body is currently with a funeral directors. The police have said their may be an autopsy given the sudden death. I have to look into this tomorrow but I’m also worried about where things go from there with funeral options and everything that comes with it and after. He said he wants a basic service. No hymns and all expenses spared. + +I know he has left a will. I’m not sure how much I am featured in it but would expect it to come into inheritance tax thresholds. He leaves 2 houses, a handful of classic cars and a lot of belongings. My auntie is elderly and my brother lives abroad so it’s likely I’ll deal with this solely. + +Should I seek and pay for professional advice? + +Are there things that are common knowledge that I should look into? I’ve never dealt with anything like this before. + +Grateful for any advice from people who have been in this situation. + +Many thanks +The SEC is not on your side. They exist purely to stifle retail from gaining monetary momentum. The SEC is full of smart people that know how to fuck you and suck the deep pocketed man in the room. Never forget that the SEC does nothing in your best interest, only its own. That goes for all types of investing, especially web3 or crypto. They rigged the stock market how they wanted it and now they are gunning for DeFi. + +Edit: According to Marc Cuban's April 25th tweet, the SEC wants to silence lawsuits they lose with gag orders. Which prevents us investors from learning about and from them, which does affect precedent. +There are probably 3-5 posts per day from users who do not know how to use the search feature asking "What stocks are going to rocket in 2021" -or- "What stocks should I invest in?" + +Holy shit people, use the damn search feature on Reddit. + +These posts are mostly useless. For one it's a huge circle jerk of individuals pumping their own stock holdings. Two, you shouldn't willingly take advices from random individuals on the internet. Lastly, use the god damn search feature. Multiple posts like this degrade the subreddit to some degree. + +Edit: Wow, this blew up. So I just want to clarify something. I don't mind those type of posts if it were less frequent. It's the people that constantly post and ask the same shit every single day that gets to me. Yes, I can just ignore them but... my OCD man. + +/End Rant +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. +Fellow Apes, + +We all know that RC is strategic, very smart and has a passion for cryptic messages. + +He knew that if he were to leave a message as odd as the recent one he posted on Twitter, apes would go bananas on it. + +Well, his recent tweet didn’t disappoint. + +RC’s recent tweet: +RYAN COHEN +R.I.P. DUMB ASS + +If you look carefully, you’ll see that it may be an anagram. By rearranging the letters, one combination you get is: +MOASS NEAR. BUY DIP. RCHN. + +After this, it will be impossible to get your tits unjacked! + +Next few weeks will be interesting, to say the least. + +edit: for clarification, “RCHN” is just his signature, Ryan Cohen + +edit 2: it was noted in the comments that the TOMBSTONE may refer to a type of financial print notice. Such notice is most often used in the financial industry to formally announce a particular transaction, such as an initial public offering, merger or acquisition. This leads me to think, potential merger with Super League Gaming announcement coming up!? + +edit 3: it was pointed out to me that Super League Gaming (SLGG), from edit 2, may have been used in the past as a speculation maneuver by Citadel as they own shares of it. + +So I looked it up and Fintel confirms that not only Citadel owns shares of SLGG, but that they also upped their stake in 2Q21! They went from owning 27.1K shares to 63.2K. + +Given the circumstances, let’s keep SLGG out of the picture/speculation. + +edit 4: several users have proposed the idea that the announcement will be the merger between GameStop and RC Ventures, which already owns 12.9% of GameStop. I really like this theory because it wouldn’t be out of character. + +Sep 2020: RC Ventures acquired 10% stake in GME + +Nov 2020: RC Ventures sends a spicy, big-D-swinging letter to GameStop’s Board of Director (if you have never read it, do yourself a favor: [check it out here](https://s.wsj.net/public/resources/documents/RC_Ventures_Letter_to_GameStop.pdf) and get your tits even more jacked) + +Dec 2020: RC Ventures ups its stake in GameStop to 12.9% + +Some users added that by increasing its stake to 20% or so, a merger would be the very next step +I saw this advice in another subreddit and it's helped me a lot. If you see a good DD on a penny stock and believe it has long term potential to grow, don't buy it immediately. Chances are everyone is rushing to buy it that day/following morning and the price is going up fast. Do some research/due diligence of your own and sit on it for 3 days. If you still think it's a good buy 3 days later then purchase the stock. For example, I saw the DD on CTXR yesterday evening and thought about purchasing it after market, when it was around $1.90 a share. But decided to wait and see. The price is now down 40 cents this afternoon. I'd really be kicking myself if I had bought it yesterday. +Would like to say thanks for all the great advice on my first post, here is my beginning portfolio plan: + +O - 20% +KO - 15% +JNJ - 15% +MMM - 15% +EPD - 7% +INTC - 7% +IUKP - 7% +IUKD - 7% +LLOY - 7% + + +Just looking for any major red flags to be avoided or anything people would change. Also want to make sure IUKD and IUKP pay a dividend - index things still confuse me lol. + +Thanks in advance +I am currently 24 and in the final year of my degree. + +I have saved way beyond an emergency fund and have about 10k saved up which will hopefully increase to 20k over summer (I have a long time between graduating and when my masters starts - don't pay rent as live with parents & secure part time job that has pretty flexible overtime). + +My current plan is to become a paramedic which start on £24-30k - the course is a masters conversion type course which will take me two years. If I can work during this then I will have an income of around £10-15k. (I want to do medicine eventually but I want to put my self in a secure position first so I don't mind waiting a couple years and having a career to fall back on - had a bad time at a uni before and had to drop out so once bitten twice shy) + +After the course I intend to buy an apartment with two bedrooms to hopefully start a small family, with the intentions of it lasting us a couple years before we outgrow it. + +I have invested in some stocks, I have read a fair few books on investing (one up on wall street, things like that) so I believe I understand the "macro" of investing. However, I struggle when it comes to knowing what I should actually put my money in. + +At the moment i'm at the conclusion that I will never have enough time or knowledge to sit down and look through hundreds of stocks to find a select few to put my money in. My interests aren't really related to business or finance. So I am basically looking for a couple of mutual funds to dump all my excess savings into. How do you guys know what mutual funds to buy or assess them etc? All the info I have found is about stocks. I'm currently reading the intelligent investor so hopefully that has some answers. + +I live way below my means, I literally only spend money on gas and food or things as they need replacing. I'm trying to capitalize as much as I can on having a few more years rent free to set me right for the future. + +My ultimate goal is to have a house with no mortgage and invest my excess money for a good retirement. I like the idea of the freedom of not being owned by the bank. +Just sold my first option for a measly 20% gain. I had planned to sell before the company reports earnings on Wednesday anyway but pussied out early to take what I could and make my first attempt a this options thing a positive experience. + +How you fucks can buy 100s of these contracts and hold and hold and hold is beyond me. You all either have balls of steel or are a special kind of retarded. +I've had a credit card and perpetual credit card debt ever since I was 18. I'm now 36 and with a plan of being rid of this once and for all I've been making a massive effort to clear it over the last 28 months. + +So now here I am, £14K paid off over 28 months and today is my final payment of £500. It feels fantastic to not have that weight over my shoulders and now puts me into a position where I can finally start doing something better with my money (well within reason with a 7 month old here now). + +By no means can I class myself as debt free as I still have a personal loan that I needed to take out in May to cover a new family oriented car + moving costs, but that loan is significantly less than what I've been paying out each month on the card. + +So, no real question, just thought I'd say to all those in that position, keep chipping away at it and eventually you'll be there too! +so this post blew up a bit - [https://www.reddit.com/r/Superstonk/comments/mnmwyp/and\_we\_all\_know\_s3\_is\_owned\_atleast\_in\_part\_by/](https://www.reddit.com/r/Superstonk/comments/mnmwyp/and_we_all_know_s3_is_owned_atleast_in_part_by/) \- and it seems not as many people are as aware of Mr Ihor Dusaniwsky of S3 as I and some others are. + +&#x200B; + +**>Who the fuck are s3 Partners.** + +S3 partners are, according to their linkedin, " A Data Power Company." whatever that means. I mean it sounds like they use excel formulas & bloomberg terminals to make your lights turn on, charge your phone & heat your home. Well no, sadly. Not even excel can do that. + +Founded in 2003, they're a market data and analytics firm, who among other things seem to have carved a bit of a niche in short interest reporting. Fine. + +Ihor Dusaniwsky aka iHor aka @ Ihors3 on twitter aka the iHorse, has been there since 2003. He's now an MD. Ok enough about fucking ihor. + +&#x200B; + +[the man himself. the ihorse.](https://preview.redd.it/y0bjgl218ds61.png?width=128&format=png&auto=webp&s=2a42e8f09718d4f718bf0fc7c8c65dc6a22fc8c5) + +**>An ominous pdf from 2008.** + +So as anyone who has watched the big short knows, in 2008 christian bale and his glass eye blew up the market, made a fuck ton of money then he used that money to go become batman. This subsequently put the global economy at risk forcing govts around the world to give gigantic banks bailouts and begin the process now known as ~~brrrrrrrrrrrr~~ ~~money printing~~ "quantitaive easing." But that's not the point here. This is a different big short. The big naked short doesnt quite have the same ring to it though. + +In 2008, and 2007, Freddie Mac and Fannie Mae (look em up if you dont know), both GSEs ( Government Sponsored Enterprises) were in a bit of bother because they deal with mortgages and well in 2007 /2008 mortgages were having a pretty rough time. But no big deal right? the govt sort them out and also who cares about trading this pair of businesses... well no one did really as they're pretty boring boomer stocks. + +&#x200B; + +[9.7m volume wheres muh whales?](https://preview.redd.it/9n3k1t928ds61.png?width=825&format=png&auto=webp&s=a27bc3ce53872c65ae36f79bd43b7c4b65101e03) + +&#x200B; + +Now at this time, guesse what, the entire float was owned by institutions - cause boomers and pensions. + +But wait a minute /u/moonski that sounds familiar?Isn't GME... yes we're getting there. + +&#x200B; + +https://preview.redd.it/dbot7f738ds61.png?width=911&format=png&auto=webp&s=1e07f2e1a046483c0e52a92b689843cbcf9ccf87 + +Now after October 15th (and the low volume days mentioned above), someone decided to *short both the GSEs into the core of the planet* \*^(()\*^(maybe they saw a preview for the big short way before it was released or something i dunno).) + +But how can you do this if all da shares are owned already? Who's gonna lend you a fuck load of shares to short sell into sending the price somewhere between the core of the planet and oblivion? Why would you devaule your long holdings lkike this? That seems a shit deal for a share owner. Well someone apparently must have done this because trading volume went to the moon. ™ + +&#x200B; + +&#x200B; + +https://preview.redd.it/4fczpa248ds61.png?width=887&format=png&auto=webp&s=fe834ad07313fdf7ac375c4d230a9754487c16b9 + +Now, i fancied myself a bit of S3 partner here so I opened excel got some data about GME volume and I just picked some artibtary period - Feb 8th to March 27th (47 days instead of 44 but whatever). + +The same metric for GME showed that the total volume of shares traded was **26 times the total number of shares outstanding for GME in 47 days.** + +**for comparison apple was 0.2x , Tesla was 1.6x, Weed stocks & a certain Movie theater stock (generally some of the highest volume stocks on the NYSE) was 10x. GME was 26 fucking times. oh yes bold this bit.** + +But how is this possible with GME & the GSEs? Well it's not legitimate short selling because you need shares to sell and they're all tied up. But what if you just make up shares and sell them? "BuT tHaTs iLLeGal" + +Well yes, and the SEC even like double banned naked short selling of the two GSEs + +&#x200B; + +https://preview.redd.it/t0onn2758ds61.png?width=842&format=png&auto=webp&s=2c02c9ec2e91915676f66d7b27764d361532dc1b + +**SEC used regulate. It was not very effective.** + +&#x200B; + +https://preview.redd.it/qgye2v368ds61.png?width=845&format=png&auto=webp&s=c7bfce7e5bdef97067c559737cb6a4d88309d44a + +Ok but what's this got to do with s3? and GME + +well ~~s3~~ iHorse claims they can measure these "synthetic longs" aka fake shares. Yet in 2008, they reported SI plummeted "90%" despite the above thermo-nuking of the stocks price going on. No prizes for guessing when else S3 have said SI plummetted recently... + +&#x200B; + +[seems like we got a lot of similarities to GME going on](https://preview.redd.it/whxn61678ds61.png?width=1170&format=png&auto=webp&s=0ff07c194a219634a3ffcff83cf1105707c55a20) + +So ok maybe legitmate short selling did decrease - maybe s3 aren't wrong on that. But naked shorting? oh baby it was, and still is, all the rage. And they can't measure that clearly. + +And what would all those counterfeit shares created by naked shorts do to a shares price? + +spoiler alert>! It kills a stocks price, because supply > demand. !< + +&#x200B; + +[SMELLS AN AWFUL LOT LIKE GME IN HERE](https://preview.redd.it/5cy6js888ds61.png?width=976&format=png&auto=webp&s=67a09f8f0142bc785ab7fc8304053210d0904fb3) + +&#x200B; + +I reccomend you read the entire PDF as it's almost identical to what is happening with GME, and yes CITADEL were of course also involved in all this don't worry. [https://www.sec.gov/comments/s7-08-09/s70809-407a.pdf](https://www.sec.gov/comments/s7-08-09/s70809-407a.pdf) + +I'll leave the PDF overview with this: + +[sounds like gme](https://preview.redd.it/7c6fupb98ds61.png?width=885&format=png&auto=webp&s=7d2eb161e275e6bebfa2ede87b17bd4281cbad6f) + +&#x200B; + +&#x200B; + +[walks like gme](https://preview.redd.it/kyeyftca8ds61.png?width=917&format=png&auto=webp&s=d7edf4c8cdfb86a810c2ea4138d954337e908589) + +&#x200B; + +&#x200B; + +[must be gme.](https://preview.redd.it/abwng0fb8ds61.png?width=907&format=png&auto=webp&s=7682e3ca36a418c73aa68122d2ad4e9b42b04f49) + +again read the whole thing here - [https://www.sec.gov/comments/s7-08-09/s70809-407a.pdf](https://www.sec.gov/comments/s7-08-09/s70809-407a.pdf) + +anyway back to my fav man, the data goblin, the ihorse, iHor Dusaniwsky & S3. + +&#x200B; + +**>January 2021 - Back to the iHorse** + +So s3 partners account used to tweet GME SI%. Now they don't, only the iHor does. + +The iHorse & S3 do not believe in the mantra we all learned at school of "show your workings." + +Everything is their secret sauce and just trust us k. Yes they have said "heres the formula we use" but how they calculate the synthetic longs that go into the formula or anything else is their secret wall street voodoo. + +I even dm'd iHor about this. He just told me stocks go up and down. + +&#x200B; + +[He never told me what he thought caused the totally organic 10minute 350\>170\>260 swing in march.](https://preview.redd.it/wq6ild8c8ds61.png?width=573&format=png&auto=webp&s=04197b6d6078cb7511dc3c270d7e6a2ae6ae7f91) + +&#x200B; + +Why did @ s3Partners stop tweeting? I dunno. But lets look at happened just before s3 account stopped tweeting. Bear in mind this all happened on *a sunday, Jan 31st 2021.* + +&#x200B; + +https://preview.redd.it/bvde2izc8ds61.png?width=756&format=png&auto=webp&s=662cc661d303354abbaa34dea0cbf40d638e3754 + +Yes s3 changed their formula and said shorts decreased on a sunday. There must be some secret market open on sundays only they & short sellers know about. Maybe its called the "Secret Sunday Shorting" Market - or the S3 Market (to be clear this is joke don'st start posting DDs and tagging rensole about the fucking secret sunday shorting market). + +The magic S3 SI% (that includes "synthetic longs" aka counterfeit shares) is essentially capped at roughly 60% - 60% is roughly what they report at 100% SI- and as SI moves higher the s3% moves much, much slower, past 60%. + +&#x200B; + +[k](https://preview.redd.it/ipess58e8ds61.png?width=612&format=png&auto=webp&s=734a334103e1be74b474e0184cb4935076cb8d72) + +also here's two graphs iHorse tweeted about GME - weird how they're different despite covering 95% of the same time period & same data. + +&#x200B; + +&#x200B; + +https://preview.redd.it/absex6bf8ds61.png?width=1246&format=png&auto=webp&s=afe8cb8118c5e0c03aa4f9a5198e00801f1c23a1 + +We're gonna just ignore the fact they claim SI plummeted along with the price, cause that's been covered a billion times on a billion subreddits. We're gonna just sit and look at how historic market data just magically fucking changed. + +I also asked him why GMEs fee is so low, yet it's constantly flagged as hard to borrow: + +&#x200B; + +[he didn't reply to my numerous screen shots of it being flagged as hard to borrow](https://preview.redd.it/tmpovc6g8ds61.png?width=613&format=png&auto=webp&s=e37657d2a7900d15aef0b20a9687dcbb5a59b799) + +&#x200B; + +(I have to give ihor credit as he does interact with his fans, and does respond to DMs.) + +&#x200B; + +**More Fun S3 facts:** Here's what s3 say are the most shorted stocks on the market are right now - [https://www.shortsight.com/the-most-shorted-stocks/](https://www.shortsight.com/the-most-shorted-stocks/) + +&#x200B; + +https://preview.redd.it/ai2n1h7h8ds61.png?width=1227&format=png&auto=webp&s=8432e85afc5105cf1b05fa656241c540cd750178 + +So ihor, you're saying that Apple, facebook, amazon, alphabet, netflix, snapchat, twitter, baidu, square, alibaba, nividia hold the highest Short Interest on the market? + +You're telling me, *that Berkshire Hathaway* is one of the most shorted stocks on the market? **BERKSHIRE FUCKING HATHAWAY.** Who the fuck shorts fucking Berkshire. Well obviously no one really does as SI in Berkshire is **0.30%**. + +I'm gonna guess this is worked out by the market cap of the short interest, which is of course, a completely fucking retarded way of doing this. + +Also Ihor gave gme a 10/10 on his new “squeeze score metric” (how its calculated is a secret) despite his SI reporting SI plummeted for over a month. I mean... ok then. + +In short (lol), S3 talk absolute nonsense, thrive on the lack of transparency around short positions, and seem to believe whatever data they get despite funds actively working to disguise their short position. + +This is why S3, and Ihor, are a joke. Don't trust a fucking word they tweet, because I'm pretty sure they don't either. + +&#x200B; + +&#x200B; + +[the ihorse in his true form](https://preview.redd.it/xospplti8ds61.png?width=128&format=png&auto=webp&s=ffa649d4153da9483cfba3f84fcb5c00d1999c0f) + +&#x200B; + +*edit- there's actually some more shit I forgot about lol, i'll repost on monday for the apes who check out from this place over the weekends with the additional stuff* +IEX is out with a big announcement for their Retail Program: [https://medium.com/boxes-and-lines/an-evolved-retail-solution-for-an-evolved-retail-landscape-a4d83afac50c](https://medium.com/boxes-and-lines/an-evolved-retail-solution-for-an-evolved-retail-landscape-a4d83afac50c) + +&#x200B; + +https://preview.redd.it/w5gwvmuiojx61.png?width=716&format=png&auto=webp&s=c3a240ceb9115cba3a4cf3775e1fb3659bc6b0c9 + +This means Retail can trade at the midpoint, and that market makers cannot simply ignore IEX anymore. This could also have a meaningful impact on price improvement claims, when it becomes clear that midpoint executions are publicly available. It is free to trade on IEX if you're retail. It's even more important to push your brokers to route orders here now, if you're interested. + +Also for the record, I misspoke about IEX's fees on the AMA. Non-displayed is 9 mils on each side, Displayed liquidity is 0 to post, 6 mils to take. +[2015 reported earnings of Ken Griffin per court records.](https://www.cnbc.com/2015/03/03/ken-griffin-makes-68m-a-month-after-taxes-ex-wife-says.html) + +Ken Griffin’s post tax earnings for various periods of time: +$816M per year +$204M per quarter +$68M per month +$17M per week +$2.43M per day +$101,250 per hour +$1,687 per minute +$28 per second + +So when FINRA issues a fine to Citadel you would hope for relative punitive impact. The typical FINRA fine for a typical violation is $15,000 or less. +[FINRA - Citadel Securities profile and fine history.](https://files.brokercheck.finra.org/firm/firm_116797.pdf) + +And for Ken Griffin, that is equivalent to about 9 minutes of earned income, post taxes. + +The average annual household income in the United States is about $66,000. If you were to apply the same relative fine to an average citizen it would $4.75. But what fines for violating a law would an average person pay? + +The average parking ticket fine in Los Angeles, California is $50. This is equivalent to 10x the impact on a person of average income when compared to a typical FINRA fine to Citadel securities. And the largest fine to Citadel was $275,000 which is equivalent to a few speeding tickets. The total of FINRA fines for 2021 to Citadel is equivalent to the cost of a building permit for a single-dwelling house + cost of appraisal. The closing costs you pay when buying a home is the equivalent of what Citadel pays in 3-4 years of fines for violating the law. The price you will pay in interest on a 30-year home loan is the equivalent to the income that Ken Griffin makes in 3 hours. + +In other words, the impact of fines from FINRA to Ken Griffin is equivalent to 0.7% of his annual income or a few days pay. The same as a few speeding tickets to you or me. + +And keep in mind that I’m isolating this to the income of Ken Griffin. [Citadel Securities is valued at $22 Billion](https://www.cnbc.com/2022/01/11/citadel-securities-valued-at-22-billion-after-investment-from-sequoia-paradigm.html). + +So for the organization, the impact of these fines from FINRA each year is equivalent to the cost of a McDonald’s Big Mac when using the total cost of FINRA fines in 2021. If you added up all of the FINRA fines paid by Citadel over the last 4-5 years it’s equivalent to what you pay for a bucket of Kentucky Fried Chicken or the cost of a few large pizzas from Domino’s. + +These fines are designed to look big to the average person with no knowledge of the total income of these hedge funds. For the billionaires, it’s nothing. The inequity that exists today is disgusting. Your typical CEO of a tech company makes more money between breakfast and lunch than the average US household makes in one year. + +Fines for these hedge funds are procedural inconvenience. That’s it. +After my (49F) divorce, I acquired a lot of debt. My ex spent our nest egg without my knowledge, so I started out with nothing but a vehicle that I was still paying on. Most of the debt I gained was from medical bills (I’m disabled & lost some very good insurance), but there were many other factors too. I’ve never been rich, but I’ve always been comfortable before all this happened. I ended up moving back to the Midwest to live with my parents, which was less than ideal. + +Over the years, I almost went bankrupt more than once. I tried getting help with one of those payment relief programs, which paid my creditors late. More medical issues arose, a new (used) car had to be bought, I raised my teenage daughter with minimal help, surprise taxes, etc. I kept on paying as much as I could, though, & as of today, + +I am DEBT FREE!!! + +I paid off over $30k in four long years. I remember being frozen in anxiety because of my debt, wondering if I could ever pay it all. Well, I just did! It was hard, I sacrificed a lot, but I am SO proud of myself! + +I don’t have much, but I don’t owe banks, accountants or surgery centers anything! Even my Chevy is paid for. I’m moved into my new modest apartment yesterday. It’s low income for disabled people, but it’s clean, quiet, safe & all mine. I’m so happy & content. + +I just wanted to share my story. If it even gives one of you hope, it was worth sharing. Please don’t ever give up! +Hello, + +I bought an old 4plex 2 years ago and it cashflows well, but the maintenance is obscene. Eating up a fair portion of the cashflow each month. + +For example: I had 3 different AC unit failures due to 108 degree heat each one 2 weeks apart. Their capacitor's exploded due to 108 degree heat outside and direct sun. So it was two $300 fixes and one $100 service call. So that was $700 one month. + +The prior month I had the plumbing back up and augured for $500. + +The month before that I had a drain leak under one sink and a laundry hose leak in another unit. + +&#x200B; + +&#x200B; + +For my next 4plex of similar age, I feel like bringing in a contractor up front and replacing everything at the outset. + +* Replace all faucets. +* Replace all under sink plumbing. +* Remove garbage disposals. +* Service all AC units (replace capacitors depending on age) +* Replace all toilet flappers +* Replace all laundry unit hoses + +&#x200B; + +I feel like I could lower the cost of a lot of my "urgent" maintenance if I just replaced everything up front when I buy the next property. + +Does any do this? The costs are so much higher when there's an active leak and I have to get a handyman or plumber out on <12 hr notice. + +&#x200B; + +How do you keep multifamily expenses lower? + +&#x200B; + +I am not at the scale where I have a crew, just a handful of people I call routinely. + +My super-reliable handyman gets expensive and my cheap handyman doesn't reliably show up in an emergency. + +&#x200B; + +Info: + +Bought for $550k + +Rents: $4600 + +Cashflow about $1300/mo before maintenance/repairs + +Principal pay down $800/mo + +&#x200B; + +Felt like a decent investment due to a good appreciating area, but the maintenance has flipped my perception the other way. + +&#x200B; + +Looking for advice. +I am long on Suncor to start off, but I want this discussion to stay unbiased. + +I can't understand how the current share price is still under $22? They are an absolute giant with mountains of cashflow, yet seem detached from the rest of the energy market. With the current price of oil hovering around $55 and likely on it's way to $60 ( http://ca.investing.com/analysis/chart-of-the-day-this-trading-pattern-shows-oil-is-heading-toward-60-200446695 ), does anyone have any insight? + +Suncor has stated openly that oil @ $35 covers costs and dividends. We have been above this price thoughout the quarter. With an average price target around $28-$30 and strong possibility of dividends increasing with tomorrows earnings report, it seems like a no brainier right now at current prices. + +https://www.tipranks.com/stocks/tse:su/forecast + +https://www.marketbeat.com/stocks/TSE/SU/ + +Analysis in the last few weeks regarding earnings predictions seems positive as well with price targets raising. Interested in all opinions, thanks! + +https://www.nasdaq.com/articles/why-earnings-season-could-be-great-for-suncor-su-2021-02-02 +**EDIT:** From u/Conscious_Student_37 through a DM to me: +*I can’t post in super stonk but I think there is some confusion about how to submit evidence of securities fraud +The DOJ site for reporting fraud is here: https://www.justice.gov/criminal-fraud/report-fraud +The securities fraud link directs here: https://www.sec.gov/complaint/select.shtml +Which lands you right here: www.sec.gov/tcr* + +**EDIT 2:** Fixed a couple of typos in the message, thanks to a few Apes pointing these out. + +**EDIT 3:** I also used the same message below to fill out the SEC form linked to in EDIT 1 above. It takes a little longer, but you can opt in for the Whistle-blower programme. Potentially receive 10-30% of any fines levied from the criminals! + +**EDIT 4** Let me just add that I am not a US Ape and don't live in the US. Neither the DoJ nor SEC reporting systems had any restriction, which made them applicable to Americans only. The SEC form does require filling out address information, if wanting to be eligible for a potential Whistle-blower payout, but allows entry of a country other than the US. + + + +**Here is the link to use:** + +[https://www.justice.gov/doj/webform/your-message-department-justice](https://www.justice.gov/doj/webform/your-message-department-justice) + + + + +**Below is my message:** + +Dear Sir/Madam, + +I am a retail investor and hold shares of a company listed on the New York Stock Exchange named GameStop Inc. (ticker: GME). I wish to call to your attention the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010, specifically Section 4c(a)(5)(C) regarding the illegal market manipulation known as "spoofing". It is my belief that GME stock underwent spoofing by multiple financial institutions on Tuesday 1st March 2022, and I along with other shareholders of GameStop are therefore victims of crime. + +This video uploaded to YouTube, a recording of GME trading that took place towards the end of market hours on the above date, shows clear evidence of spoofing: [https://www.youtube.com/watch?v=Cw-uoBZucsI](https://www.youtube.com/watch?v=Cw-uoBZucsI) + +The specific financial institutions evidently partaking in the criminal action can be seen to include at least the following firms: + +Citadel Securities LLC, Citadel Derivatives Group Llc, SUSQUEHANNA SECURITIES, Susquehanna Financial Group LLP, Two Sigma Securities, LLC, VIRTU FINANCIAL BD LLC, GOLDMAN SACHS &amp; CO. LLC, SG Americas Securities, LLC, LATOUR TRADING LLC, HRT Financial LLC, MORGAN STANLEY &amp; CO. LLC, CANACCORD GENUITY LLC., SUMMIT SECURITIES GROUP LLC, The Vertical Trading Group LLC, Maxim Group LLC, BMO Capital Markets Corp., SVB LEERINK LLC, Wedbush Securities Inc., WILLIAM BLAIR, INTL FCSTONE FINANCIAL INC., Barclays Capital Inc./Le, MERRILL LYNCH, PIERCE, FENNER &amp; SMITH INCORPORATED (aka Bank Of America), WELLS FARGO SECURITIES, LLC, JMP Securities LLC, Robert W. Baird &amp; Co. Incorporated, UBS Securities LLC, Raymond James &amp; Associates Inc., KEYBANC CAPITAL MARKETS INC., GTS SECURITIES LLC, RBC CAPITAL MARKETS LLC,Cowen and Company LLC, ALTERNATIVE EXECUTION GROUP, G1 Execution Services LLC, FLOW TRADERS U.S. LLC, IMC FINANCIAL MARKETS + +I would appreciate if the DoJ look into this matter, in order to protect the rights of retail investors and uphold the aforementioned laws and regulations. + +Kind regards, + +X + + + + +**Procastination is the enemy of success!** +Hello. I am an old fat ape with 2 wrinkles. I came to the party a little late, after the sneeze, but am fascinated and now invested in this battle. I, too, was excited to see my shares quadruple overnight. + + +But something has been nagging on my first wrinkle…if Ryan Cohen plays 6d chess, what is this split move all about which requires so much forward communication? Also, why bother with a split when your enemy can just print more synthetics? Something wasn’t adding up. + +Then it hit me…it’s classic chess. Throw a piece out there to bait your opponent. They take it out of greed, ignoring the rest of the board. Any brokerage or sponsor of someone short $GME will just manufacture the split shares, so today no one will notice. + +But… + +There is someone who knows…and that someone is the person who hands out the shares. + +$GME already reveals the number of DRS’d shares on their quarterly reports. This wasn’t necessary or obligatory. But they did it anyway. My prediction is that next quarterly, GameStop will be compelled by SEC rules to declare the exact number of shares they distributed via dividend. Imagine how everyone will look when the number of shares distributed is 70% less than the number of shares reported via insider + institutional + float. GameStop literally has the opportunity to tell the world the exact number of real shares that really exist, and not only can they reveal it, they may be compelled to. + +After that, I don’t know the next move. How do you know (besides drs) who has real and who as synthetic shares? But I assume RC is either working on that or already knows his next move. But I think the next quarterly is going to drop an h-bomb on Wall Street. + +That’s it. Thanks for coming to my Ted talk. I’m gonna go get drunk now. + +TLDR $GME is going to unveil the number of shares they distributed during the splividend to telegraph the real float. +I remember reading this quote many years ago and it just struck me today when I had run out of quarters for the laundromat how true it actually was. + +Now I have to find time to go to the bank to buy a roll of quarters which doesn't seem like much but over the course of a lifetime it could add up to be days, weeks, or even months of time spent driving to the bank and waiting in line just so I can have clean clothes to wear. + +And even then having access to a laundromat would probably be considered a luxury for some people. I know some of my relatives who live in third-world countries that have to hand wash and hang-dry their clothes because the closest laundromat to them is too far away, not to mention they probably wouldn't be able to afford it either. Imagine how much time it takes for them just to have clean clothes to wear. + +I know this idea scales up even further but this thought just popped into my head and I thought I'd share it with yall. +Following on from another recent post about the financial benefits of marriage, I thought it would be worth mentioning you don’t need to spend thousands on getting married, but you can do it for less than £150. + +To get married in the UK you need to give notice and there is a statutory fee of £35 each. + +Then there is the registry office, for which most registry offices appear to charge hundreds of pounds for the ceremony. + +However what they tend to hide away is that all registry offices in the UK are legally obliged to offer a ‘statutory ceremony’ for which there is a set fee and with a marriage certificate only costs £67. + +For example - https://www.westminster.gov.uk/birth-and-death-certificates-marriages-and-citizenship/planning-your-ceremony/statutory-ceremonies + +Of course there are some limitations, such as only being allowed two guests who have to act as witnesses to the ceremony, limited days the ceremonies are offered, and no music or photos in the office, but none of that stops you taking photos outside or having a meal / party with family and friends afterwards. + +Anyway, just mentioning it in case it is helpful to anyone. + +Edit: Just to add, my wedding last year was very similar but slightly different. + +The two of us ‘eloped’ to Gibraltar and got married in the registry office there. Still only a couple of hundred pounds for the marriage fees, but then tacked it onto a holiday. + +One of the advantages of Gibraltar is no requirement to give a month’s public notice like in England (as John Lennon and Yoko Ono discovered back in 1969) - turn up, get the forms signed, and get married. + +The only rule is you need to spend one night in Gibraltar before or after, and even that is waived if you are on a cruise ship docking there. And the certificate is in English so no need to get it translated for any official use you need it for afterwards. +##The forbidden fruit   + +*FUD* can take many forms, each more insidious than the last. In general, an effective way to spot it is to pay attention to any information that seems to come up too often, and then to ask yourself: is this real information or is it a rumor?   +If the answer is "a rumor," then I assume it's a potential FUD. If I hesitate, I also conclude that it is a potential FUD.   + +Why do I mention this?   +Because since the beginning of our journey, I've been reading regular warnings about wealth and post-MOASS money management. As if it was some kind of forbidden fruit.   + +*"70% of people who won the lottery went back to being poor after one year"*   + +*"You will lose friends and family, who will be jealous of your wealth"*   + +*"You will definitely need to hire a financial advisor or you risk losing everything; you don't know how to handle this money"*   + +*"Money doesn’t buy happiness. Your wealth will not make you more satisfied with your life.»*   + +Or   + +*"The risk of dying murdered or by drug overdose after making a lot of money is very high"*   + + +###This is FUD.   + +Why FUD, you may ask? Because all these sentences and recommendations are aimed at one thing: scaring you and making you believe that the solution to what you’re looking for will never be wealth ("there is nothing to see in wealth, move along!"). In other words, to keep you away from huge amounts of money. To keep you away from their territory.   +  + + +**The dominated participate in their own domination**   + +You know these sayings. They have become part of our common language, of our expressions and are an integral part of our literary and audio-visual culture: money does not buy happiness. Poor people seem to have a more authentic life, filled with emotions and strong affective relationships.   + +These sayings are partly there to reassure us of our condition. To soothe our suffering in reassuring and positive autosuggestions. But they are also there to maintain the system in place: the elite uses them to legitimize their condition, to consolidate it.   + +By conveying these kinds of sayings, people are appeased, making them believe that being in the 1% is not a gift; on the contrary, it is rather a burden. "Flee, you fools! Wealth is not for you. It is unpleasant, difficult. ». Do you see how it is made to keep us away from wealth ?   + +And don't get me wrong, the people who says these sentences don’t always spread FUD on purpose. They have heard it, believed it so now they repeat it. That's how propaganda works.The poor who repeats that money does not make you happy (to reassure himself), as well as the rich person who repeats it in turn (to legitimize and relieve himself of guilt): both are victims of propaganda. It is a self-justifying system that creates propaganda automatically; a form of auto-FUD.   +  +And thus, please allow me to debunk a few things.   + + +####**Winning large amounts of money is dangerous**   + +Winning the lottery, in reality, is not associated with an increased risk of death, nor with squandering one's health and wealth.   +Their happiness did not change before and after winning the jackpot (you'll notice it didn't decrease either), but their overall life satisfaction was significantly increased. I don't know about you, but I have a higher regard for satisfaction than happiness.   + +https://www.nber.org/papers/w24667   + + +  +####**When you win big money, you lose it all a few years later**   + +This is a popular saying, backed up by some rare cases. In reality, people who have won the lottery seem to have retained their wealth well beyond 10 years after winning the lottery. Contrary to popular belief, they seem to work less and spend their money wisely.   + +https://www.nber.org/papers/w24667   + + +  +####**Money does not make you happy**   + +While winning the lottery doesn't seem to increase happiness, studies indicate that wealth is more often associated with increased well-being and happiness in life, including improved health, education, leisure time and security that comes with being rich. And you're not going to make me believe that spending half of the year traveling on different tropical islands doesn’t bring a little bit of happiness ?   + +https://academic.oup.com/oxrep/article-abstract/30/1/92/558208   +https://onlinelibrary.wiley.com/doi/abs/10.1111/j.1475-4932.2004.00181.x   + + + + +####**You need to hire a financial advisor**   + +Sure, you can. But do you have to? Absolutely not. It's up to you to assess where you are and your ability and desire to manage your money. Would you rather stop thinking about it and chill? Then hire an advisor. But let me remind you that it was you who decided to invest in GME; it was you who got where you are, not your advisor. That shows you know how to make good financial decisions, or am I wrong?   +But again, it's your decision. Don't hire someone just because some guy on Reddit says you should. Especially if it's going to end up in the hands of an advisor who operates on the fraudulent and corrupt pre-MOASS system. + + + +###**Bottom line** + + +I guess my point is :   +- You deserve to be rich and it will feel good! + +- You will be more satisfied with your life + +- You will be more secure, both in your health and in your finances and in life in general. This feeling of security will free up a lot of mental energy that you can spend on your personal development, which should have a direct impact on your happiness + +- You'll be spending more time in the sun sipping Caipirinha; don't forget to wear sunscreen! And drink water. + +- You're not going to squander all your money (unless that's your goal); billionaires don't have superior abilities to you. Contrary to what they think of us, we are not beasts, we are apes. + +- Take a financial advisor if you want one or don’t; it's your choice. But choose well if you do. If your money is used to short small businesses, I'll hunt you down (when i’m not sipping Caipirinhas).   + + +In the meantime, just buy and hodl.   +And see you soon on the moon (one of Saturn's moons, at this rate)   + +*[obligated rocket emoji]* + + + + +Edit: formatting +So many of you were rejoicing when BTC reached its ATH and sure, some greedy people got in and put in a lot of money and are possibly gone into debt to do that. + +Now its around 50% down and those people must be shitting bricks. And what do you guys do? Get busy making fun of them and making us look like a bunch of assholes rather than a helpful gateway to this developing market. + +Right now, most people think we're just a bunch of kids that use cryptos to buy drugs. So with sentiments like this showing up, we look like immature dumbasses. We are setting the wrong example when other people browse through and what they see is that we're busy making fun of people losing money + +I started participating when the Sub was a lot smaller and didn't see much of this before. So chances are it's a lot of you that are new here that are resorting to this behavior. So stop behaving like it's your baby and other newcomers are just suckers. Congratulate them on the investment and help them ride the tide. We're still in the early stages. + +I'm kindly asking to knock it off. Whether you like it or not, we're being watched and judged for shit like this. + +EDIT: To those of you trying to educate me that this is normal shit in Crypto, yes I know that and I'm not freaking out here. What I'm saying is that for people who just got in the game and haven't seen this volatility before, it's gonna be hell. It's a big drop at 50%. Those kinds of numbers during 2008 made people kill themselves. I'm not trying to be the thought police here, I believe in freedom of speech...I'm just asking to be more considerate in what's posted on here, use your right wisely. You never know if someone who's lost big reads this and you bring him/her down even more. + +EDIT 2: thanks u/Conflixx for putting my point into better context than I did myself :) + +> The point of OP though is the fact that it seems like new people who just started with cryptocurrencies, as did I just start about 5-6 mo ths ago, are making fun of people who only just jumped the gun at it's ATH right before the market crashed. People who started when I did probably more then doubled their investment because of the amazing december bull run, those are the guys who're posting this bullshit all the time now. I tend to stay away from those memes, I mean.... You might just push someone over the edge to kill himself because he basically got himself into trouble by investing to much money. I sure as hell don't want anything to do with that. Even if it's only just a slight possibility, that's a big no-no for me. +Constantly hear it across reddit to try and focus more on hobbies rather than career/work, so keen to hear what your hobby/mission/pursuit/goalthatmakeslifeworthliving/pleasures are ? +Everyone is pissed about warden price anchoring in the low thousands, just like everyone was pissed about rensoles little tangent about ‘being realistic’. Warden is a swing day trader who is used to selling frequently and rensole is just a normal dude who does summaries. They’re entitled to their own opinions and they have spent time with trading but in such an unprecedented situation, prior experience with trading doesnt mean anything. I trust them the same as I’d trust any other anonymous person over the internet, or the same as any one of you apes who may comment on this post. We don’t need idols. Just keep calm, buy, hodl, vote, and remember that no matter what any INDIVIDUAL says, 10 million and over is a fair price for these shares. + +Edit: posted this before warden stepped down from mod. I believe that was the appropriate move given his behavior. Don’t send hate his way, he’s just a 20 year old dude. That being said, we should use this time to again learn the lesson about not putting people on a pedestal like we did rensole. +Maybe I am out of line and everybody loves those posts, but I have a feeling that the majority understand that any post about him; either positive or negative, is simply feeding his ego. + +Who gives a fuck about that puppet! Every single ape and their mom already knows he’s full of shit. We don’t need 12 new front page posts about him every day bringing that fact to light. + +Either way, we should hold a vote to see what the community wants. If I am wrong then I’ll eat crow. But if I am not then all these karma farmers can finally hop off his e-peen and stop giving him so much attention. +During this interview with Webull CEO Anthony Denier he explains why trading was restricted on GME, telling the same lie Vlad and others told the public around the same time. + +[https://www.yahoo.com/now/we-bull-ceo-explains-why-trading-was-restricted-amid-the-game-stop-market-mania-172539318.html](https://www.yahoo.com/now/we-bull-ceo-explains-why-trading-was-restricted-amid-the-game-stop-market-mania-172539318.html) + +“There is an outcry because a lot of the retail, they don't actually understand the dynamics that happens after a trade,” Denier said. “It has nothing to do with the decision or some sort of closed room smoke-filled cigar room of Wall Street firms getting together to the dismay of the retail trader. This has to do with settlement mechanics of the market.” + +&#x200B; + +[From page 59 of the Amended Complaint.](https://preview.redd.it/c5f2vr6sbwp71.png?width=797&format=png&auto=webp&s=d02460e847525381d3d5d6862219d37ef2344496) + +You can find a link to the Amended Complaint which is the source of the screen shot above in \_writ's comments from the post: + +[https://www.reddit.com/r/Superstonk/comments/ptns9m/im\_gonna\_put\_this\_right\_here\_boop\_link\_to\_article/hdygcgz/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/ptns9m/im_gonna_put_this_right_here_boop_link_to_article/hdygcgz/?utm_source=share&utm_medium=web2x&context=3) + +&#x200B; + +&#x200B; + +https://preview.redd.it/9rtbxn00dwp71.png?width=945&format=png&auto=webp&s=2a17b80e3ad21cdcde354e91263f9af6d6f838cf + + It's a good read, I recommend it. + + "Here's the pdf if you prefer (It's a large file so it might take a couple minutes to load):" [https://pdfhost.io/v/YPAly8dSy\_Microsoft\_Word\_20210812\_Corrected\_Antitrust\_First\_Amended\_Complaint\_Revised](https://pdfhost.io/v/YPAly8dSy_Microsoft_Word_20210812_Corrected_Antitrust_First_Amended_Complaint_Revised) +DFV has 200,000 shares of GME. When you consider individual investors, insiders, and institutions, DFV is the 17th largest holder of GME in the world. If you consolidate all of the Blackrock holdings into one party and all of the Vanguard holdings into one party, DFV is now the 10th largest holder of GME. GODDAMN WHALE. + +https://preview.redd.it/xnu87imnney71.jpg?width=1540&format=pjpg&auto=webp&s=a9fad1cc1c8d458f1fb197ccd1f3e1f6e6dbce89 + +https://preview.redd.it/3r0nzzdnney71.png?width=358&format=png&auto=webp&s=120b092fd5ac0e73e1a2111a65fe8d1ec4803c36 +Here are some straight up unbiased facts: + +- Apollo bought Yahoo this year in a $5b deal: https://www.nbcnews.com/business/business-news/verizon-sells-yahoo-aol-businesses-apollo-5-billion-n1266132 + +- During/after the January sneeze, S3 Partners went on tv on a daily basis to report their daily update on estimated Short Interest (SI) for GME (I watched on Bloomberg, not sure if they also went on CNBC) + +- In early February S3 Partners changed the SI formula to make it ALWAYS show a number under 100% (something like: instead of *shorts/float* it became *shorts/[shorts+float]* which makes it mathematically impossible to go over 100%) right before the price started to tank + +- MSM used this new updated - significantly smaller - SI number to broadly claim shorts had closed, and the price tanked the following days + +Now on to opinions/interpretation: + +My take away from this ^ is that in January they controlled the narrative by controlling investors’ attention. They made us pay attention to the SI and then used it to justify that we should move on, as they claimed the shorts had covered. + +u/atobitt has exposed plenty of Apollo’s involvement and fuckery, so I won’t dig further into that - and guess what? **They own Yahoo**. If we started following this metric - float - as a way to monitor synthetic share count, we’re following the same steps of January. **We’d be letting them deceive us with a number that they can literally make up**. + +**TLDR: Yahoo Finance’s GME float seems to be corroborating there are multiple times the float - but don’t blindly rely on Yahoo Finance, it is owned by Apollo. If it were to become our main way of monitoring short interest, it can help them repeat the January fuckery.** + +They are desperate to control us and the squeeze, fuck them. Just hodl and let the company do its thing! + +Final note: I know at this point everyone is posting about this out of excitement. I think this was a glitch, *possibly* exposing the truth, but it could be nothing… My concern is that it becomes *a thing*, and we start posting/monitoring it daily. + +EDIT1: corrected maths, that’s embarrassing 😅 thanks u/ravenouskit +This is just a warning for anyone who owns a flat in a block or anyone who is considering buying a flat in a block you need to make sure your block has had an ESW1 surveyors form otherwise lenders as of January will refuse to lend (this is relevant for remortgaging purposes too). This form is needed to be sorted as a repercussion on Grenfell. The form states its only relevant if the property is over 18m but lenders are requiring them for ALL block flats irrelevant of height. The form can cost up to £30k (outside of London) to get because the public liability is so high to sign it off. It is the freeholders responsibility to organise but many are refusing to take the cost creating unmortagble properties. Leaseholders can band together to share the costs but it's obviously a lot of money and admin. Additionally, if you are thinking of selling or remortgaging it can take between 6-12 months to organise getting the form so best to try and act sooner rather than later to avoid living in an unmortagble flat. + +I only discovered this £300 in legal fees in to purchasing a flat that didn't have the form. The seller is obviously having a nightmare though I'm disappointed I can't purchase the flat I've fallen in love with. The building is under 18ms but the lenders all still require the form. The freeholder is yet to confirm if they'll get it sorted but its not looking positive. Worth thinking about to if I do manage to purchase a block flat it may hamper the sale in the future. + +Supporting source: + +https://www.google.com/amp/s/amp.theguardian.com/money/2019/dec/28/mortgage-prisoner-ive-been-told-i-cant-sell-for-years + +Edit : spelling #dyslexiclife +I read that in 2008-2009 bonds only fell by -4%. So this is really uncharted territory. I didn’t expect bonds to fall more than any stock index today. + +Guys, it’s also my fault that ZAG crashed today, because I bought some this morning. +until now ive been just buying and holding companies/etfs i know arent going anywhere when things get bad like ko aapl msft vti voo schd o bac pru, etc. when the price looks low. ive been trying to understand dcf but somethings not right my math keeps giving negative longterm valuations to outstanding companies like ko and aapl. please give any general tips im new to value investing +NOTE: This was posted on r/stocks and other similar subreddits by a user that "may or may not be" banned from this sub (reason for ban not given). I commented that they should post this here and they gave me permission to do so. I have seen this paper referenced a number of times on this sub so I'm curious to hear peoples' thoughts on this rebuttal. I have no personal bias one way or the other, just curiosity. + + +You may have seen this paper (https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2741701) floating around various investment subreddits over the past week. It usually comes with the title How to 3x the S&P CAGR with less risk | Leverage for the Long Run with people praising it as an amazing new strategy that requires little effort, provides a high degree of safety, and allows you to experience only the good side of leveraged ETFs. Here's why it's complete bullshit. + +I've seen the 200 SMA argument posted hundreds of times before in r/LETFs. I'm glad this one at least comes with a paper, but the paper is still falling for the same mistakes other believers fall for. The author is correct that volatility increases below any significant moving average (20/50/100/200), however, avoiding volatility should not be your main concern when holding unhedged leveraged ETFs. Your main concern should be flash crashes like in 1987 where the market fell 22% in one day. The author says this: + +Chart 6 shows that historically, the worst 1% of trading days have occurred far more often than not below the Moving Average. Included in this list are the two worst days in market history: October 19th in 1987 and October 28th in 1929 + +Wow look at that, moving averages helped avoid the worst two days... but why? The answer is partially due to the fact that both the best and worst days will be in periods of high volatility, but it's also heavily influenced by pure chance. A day like Black Monday could happen at anytime and if there wasn't a choppy market leading up to it you will miss it with moving averages. An unleveraged 22% drop would be a 66% drop for the portfolio suggested in the paper. The market would then likely dip below the 200 SMA and the person would sell! Missing the entire ride back up, even if there was more to fall you're not going to be left in a good place. + +There is no macroeconomic reason that moving averages have any form of predictive power. The closest thing would be the concept of a self fulfilling prophecy which would require a massive audience of believers to have an impact (there are not nearly enough). People always use 200 SMA, but if you try to test other SMAs nearby you sometimes get significantly worse results. The 200 SMA just happens to get you out before the Dot Com crash as well as the GFC. When your entire reasoning is based on well it did good in the past you're overfitting by definition. + +Let's look at another strategy that has an economic backing - HFEA. Holding stocks and bonds together isn't something that just happens to work when you test it. When stocks experience uncertainty large investors move their money into the safety of bonds which forces them in the opposite direction to the stock. Stocks and bonds are slightly, but not perfectly inversely correlated and both of them have positive expected returns. This is why they are the ideal hedge. + +I also want to point out that this is not an academic paper that came from a university. It was published by https://www.leadlagreport.com/ which says on its homepage "Consistently win in the stock market and minimize risk regardless of market conditions" followed by a subscribe button. This is called bullshit and I encourage anyone who cares about honesty to call it out when shit like this is posted. +Hi…I work in social services with mostly young moms struggling with poverty. Here are some common mistakes young people make…feel free to add. Nothing will break your heart like seeing 19/20 year old with 2-3 kids who are trying to survive. break the cycle! + + +1. A partner will not save you. No, no, no. Idc what kind of car he drives. Nope. He will use you and probably knock you up and leave. I’ve watched moms lose custody bc their boyfriend was more important to them. Ugh. + +2. Do everything in your power to prevent pregnancy. The more kids you have the harder it is to escape poverty. + +3. If you do have kids…your children owe you NOTHING. It is your responsibility to find resources and be proactive. Use SNAP, WIC, etc. also, please be careful if you do date. Certain creeps will go after young moms so they can get access to your kids. Your kids are number one. Not your boyfriend. + +4. Do not co-sign a damn loan for anyone or use pay day loans. + +5. Work at a hospital if you can. A lot of hospitals help pay tuition so you can get a degree and move up. Entry level jobs…dietary, PCA, environmental services. Health insurance isn’t usually terrible through hospitals…not guaranteed but it’s worth looking into. + +6. Look at community colleges…so many great job training programs with tuition assistant. + +7. Read. Read. Read. Utilize your local library to learn about money, healthy relationships, boundaries, etc. + +8. If you have teens…teach them about condoms and sexual health + +9. Your family/friend circle will either lift you or drown you. Choose your friends wisely + +10. Open a free checking account. Do not cash your check at a gas station (you lose so much money). +I saw a lot of comments on other posts clearly confused about what u/ControlTheNarrative (hereafter CTN) did to bilk RH out of $50k, so I thought I’d write up a little non-stock/options explanation. This is how he could have done it brick-and-mortar style. + +CTN goes into his bank and asks for a personal loan. He only has $2k in cash to show he’s good for it but when the banker sees he’s wearing a helmet he assumes that he is safety conscious and writes him a $2k loan, i.e. 2:1 leverage. + +CTN now has $4k in cash. + +Being a savvy investor, CTN uses the $4k to buy a purebred kitten from a local breeder. On Craigslist he finds a cat lady willing to pay him $3k today in exchange for getting the kitten next year. + +CTN goes back into the bank and asks for another loan. “Weren’t you just here getting a $2k loan?” the banker asks. CTN self-soothes by rocking in his chair and mumbles “Now I have $3k in cash and a $4k cat, so after considering my $2k debt I have $5k of assets. Can I get a loan for $5k?” The banker shrugs, ignores an incoming call from the SEC, and writes the loan. “A $5k loan for $5k in assets is 2:1 leverage”, he thinks, “this seems fine.” + +CTN now has $8k in cash and a $4k cat (promised to the cat lady). + +CTN heads to a puppy mill and picks out a purebred pit bull for $8k. On the dark web he finds a guy willing to pay $7.5k today in exchange for the dog when it’s full grown. + +CTN goes back to the bank again. The banker barely looks up from a thick line of white lightning and asks “Another loan? You owe $7k now you know.” CTN says “Well I have $7.5k in cash plus this $4k cat and this $8k dog, so after considering my $7k debt I have $12.5k of assets. Can I get a loan for $12.5k? It’s only 2:1 leverage.” The banker is too blitzed to do math so he rips off a check. + +CTN now has $20k in cash, a $4k cat (promised to the cat lady), and an $8k dog (promised to Michael Vick). + +Next he goes to the local stables. After watching horses mount each other for a while, he buys a thoroughbred foal for $20k. At Bible study that night he meets someone willing to pay him $19k for breeding rights to the horse as an adult. + +Back to the bank goes our hero. The banker is getting a little worried now and tells CTN that he owes $19.5k. Let’s say there’s also $500 in interest to make it an even $20k owed. + +CTN reassures him he knows what he’s doing by showing his WSB post history. “I have $19k in cash, a $4k cat, an $8k dog, and a $20k horse. After considering my $20k debt I have $31k of assets. How about a loan for $31k?” The banker shrugs - it’s just 2:1 leverage - and writes the loan. + +CTN now has $50k in cash, a $4k cat (promised to the cat lady), an $8k dog (promised to Michael Vick), and a $20k horse (promised to Mr. Hands). + +That night the banker reflects on the enigma that is CTN. It suddenly hits him that the cat, the dog, and the horse are not collateral that the bank can repossess to offset any losses CTN might incur, because they are contractually guaranteed to other people. The bank has given CTN a $50k margin account for only $2k in collateral, or 25:1 leverage! Whoops! + +“Fuck it” he thinks. “I’m sure he’ll just put the cash in a safe investment that we can sell to close everything out. I’ll call him tomorrow.” + +Meanwhile CTN takes his $50k cash to the casino, shrieks “YOLO!” and throws it all on black. + +**”GUH”** +Hello once again you beautiful apes - hope you're all locked in and ready to go when it comes to DW8. + +You might be sick of my posts by now, but I thought I'd provide everyone with one final DD to help ease the nerves as well as giving you justification on why you should diamond hand this bitch. + +Around the time of my first post, the share price was sitting at roughly $0.055. I had seen the light long before that point, but I thought I'd let you fellow autists aboard our rocket ship. Hope you managed to get in on time! Consider this your last warning as we proceed to the land full of cocaine and hookers, AKA anything beyond 10c. + +I have received a few messages asking if its too late to get in at 10c - The truth is, I cant give you a definitive answer. What i can do, however, is provide you with information to help you make an informed decision. + +DW8 has been my top pick for quite some time, for a majority of different reasons, but the biggest is that it will take ALOT to bring down the share price. + +Market recession? Great, everyone's depressed, everyone drinks lots of alcohol. +Market in a boom? Fantastic, everyone has a great time, everyone drinks lots of alcohol. + +Covid comes back? Great, people need to migrate to purchasing their alcohol predominantly online. Same day/next day delivery, so you can drink your boredom & sorrows away soon after you click that order button. +Covid fucks off for good? Great, business is pumping and the B2B platform will have no difficulty taking a market share. + +Covid side note - If it does come back, businesses will look at managing their expenses at the first point of call. It is difficult to generate additional income as a bar/restaurant during lockdown, but it is awfully easy to minimize expenses which will have the same impact on your bottom line. When you manage expenses, it can be a difficult time for the business. You need to let some staff go, you need to cut back on a few other "fun" spending, etc - Why not make an easy decision, and sign up with DW8 who will offer you the exact same product range, in a quicker timeframe, for a lower cost? There is no negative impact to the business, the staff, employee morale, etc - everyone wins! + +The potential on this stock is effectively limitless. Daddy Dean's dream is to touch every bottle of Wine in Australia. This might sound farfetched, but with his skillset this may be possible in the next 10 years. Before we've even touched half the bottles in Australia, we'll have processes in place to be able to supply customers internationally. I wont touch on that subject just yet, as that is still a long while away. Word of mouth is a crazy thing in the wine industry, and once everyone see's the benefits it wont be long before people jump on board. + +Being a slow-growth stock, the share price will creep up slowly over time to match the current business financials. We are still in the early stages, even though the market cap is now roughly $160m. The market is starting to finally wake up to the beast that is DW8 - As I predicted in my first DD, the expiration of the options from previous directors will cause the stock to act like a coiled spring and shoot upwards. The result? Well, if you had invested at the time of my first post you would have been sitting on almost 100% profit in under 3 weeks. + +Imagine if 15 years ago someone had told you that an app will come out that will destroy taxi's forever. You probably wouldn't have believed them... but look what Uber did. Was it easy? no, it wasn't. Once the growth started, was it exponential? fuck yeah it was, not only locally but internationally as well. Will DW8 grow anywhere near the same rate as uber? fuck no, be realistic. You are all autists, not retards. Do not invest in DW8 if you are expecting another 100% in the next 3 weeks. + +If you like free money, invest in DW8. Its that simple. All industries are disruptable with the right tech, and we are in a niche area of the market which is still technologically behind a few industries. + +Few announcements that will help generate movement in the SP moving forward; + +B2B Soft launch +B2B Hard Launch +March monthly update +Potentially an acquisition - don't hold me to this, this is just a personal opinion. I cant guarantee that we'll have one in the next few weeks as the company is more focused on the B2B rollout, but i can quite safely say we'll have another strategic acquisition within the next 3-6 months. + +Each month, DW8 releases a monthly update. As the B2B program gets into its groove, i expect exponential growth. Don't miss the train, rocket, boat, or whatever the fuck this fast-moving vessel is. Join the (r)evolution! +**Melbana Energy Ltd - MAY.ASX** + +*MC: $50m* + +*Cash: $10.6m* + +*Debt: Non* + +*SOI: 2.3B (current cap raise underway which will dilute SOI to 2.6b)* + +Melbana (MAY) is an upstream oil and gas exploration company with projects located in both Cuba and Australia. The company is just **1** **month away** from spudding the highly anticipated Alameda prospect in their world-class exploration PSC, Block 9 in Cuba. + +&#x200B; + +**Block 9 - 30% Ownership** + +Block 9 is a large onshore PSC acreage (2.1% of Cuba's total area) located on the north coast of Cuba, 140 km east of Havana. Block 9 has an **already proven hydrocarbon system** with previous historic exploration wells indicating the presence of hydrocarbons. The block is also supported by being along the trend line with the multi-billion barrel Varadero oil field, located just 35km away. A key feature of the Varadero field is the major fold and thrust belt structures that fracture and fold carbonate units, which is interpreted to extend into Block 9. + +[Block 9 Location](https://preview.redd.it/ndu3juqss2g71.png?width=766&format=png&auto=webp&s=f85b668421bf42ab4ea5a67f299f15b9897f1410) + +Block 9 has been independently assessed to house **15.7 billion barrels of oil** (nearly a trillion dollars worth) with **prospective resources of 718 million barrels**. These estimates are based upon **pre-existing seismic, gravity, magnetic** and **surface data sets**. There is the potential for Melbana to expand its resource estimates as the company is expected to shoot new seismic lines on the additional **19 structural leads** identified. + +[Block 9 prospects & leads](https://preview.redd.it/iahtowhws2g71.png?width=774&format=png&auto=webp&s=da1f9d3e6f84b3fd6dfbe678a53ec53dc55c12d7) + +Block 9 consists largely of low-lying farmland with sealed roads that connect Block 9 all the way to Havana. **Extensive oil and gas infrastructure** surrounds Block 9, with pipelines and railway lines close by, a deep-water port housing an **oil terminal** located 50km away and the second largest international airport within 40km. + +&#x200B; + +**Block 9 Agreements** + +In 2019, Melbana entered into a **farm-out agreement with Sonangol**, Africa’s second-largest oil producer, for Sonangol to acquire a 70% interest in Block 9. In the agreement, Sonangol will **fund 85%** of the two well-drilling programs. Melbana will remain the operator until the completion of both drills. + +Melbana has additionally signed an offtake agreement with CUPET, Cuba’s national oil company, that allows CUPET to purchase discovered oil **at international prices**. The agreement also allows Melbana to sell the oil on the international markets. Cuba has multiple modern land drilling rigs currently operating in Cuba and Melbana has selected Sherritt International as the drilling contractor. + +In 2017, Melbana projected that drilling would occur in 2018, however the company still had to complete the following: + +\- detailed analysis of the high priority drilling targets- Finalisation of detailed well design and drilling plans- Progress Cuban regulatory approvals required for drilling- Proceed with long-lead procurement and contracting actions- Detailed contractor evaluation and selection in preparation for field contractcommitments + +Obviously, they still had quite a few milestones to hit before drilling could actually occur.Additionally, Melbana didn't have a farm-out partner. + +In October 2018, Melbana reached a farm-out agreement with AGMI however in April 2019 **Melbana elected** to terminate the agreement due to lack of progress by AGMI towards satisfying the agreement conditions. + +During the remainder of 2019, Melbana pursued alternative farm-out agreements and it wasn't until December 2019 when Melbana signed a Heads of Agreement with Sonangol. To Sonangols credit during the COVID pandemic, they still pushed forward with signing the farm-out agreement in May 2020. IMO this signifies how bullish Sonangol is on the Block 9 prospects. + +&#x200B; + +**Alameda Prospect** + +The Alameda Prospect being **drilled in September** contains **three targets**, U1, N and Amistad, Alameda can be tapped from **just one slightly deviated well**. The most exciting prospect is the lower sheet target, Alameda, which is in a similar structural setting as the Veradero fields. + +[Alameda-1 Well & the 3 targets](https://preview.redd.it/60i2dvi3t2g71.png?width=1158&format=png&auto=webp&s=21a442e5bf8a1edaa12b714ae86275fbdacf1f94) + +The three targets are independently assessed to contain a prospective resource of **141 million barrels of oil**. The Alameda-1 well is estimated to take around **80 days to drill**, placing completion around the end of November. + +The chance of success for the 3 prospects is estimated to be **32%** (high by industry standards) due to the **supportive data** from the previous exploration wells, Marti-2 and Marti-5. The Marti-5 well, drilled nearly 30 years ago, recovered 44bbl of 24° API oil and had numerous oil shows extending over an 850m Lower Sheet section (where the Alameda prospect is located). The U1 target is the structure that has been identified as the updip of the tested oil recoveries in the Marti-2 well. + +&#x200B; + +**Zapato Prospect** + +The Zapato prospect is being **drilled straight after** the Alameda prospect with the spudding event expected at the **end of December**. Construction of the well-pad is currently underway. The Zapato structural feature has a crest at approx 2,000m with a vertical relief of 1,000m. + +[Zapato-1 Well & the targets](https://preview.redd.it/izwjrhsdt2g71.png?width=787&format=png&auto=webp&s=19ebb899701bf0bffcba2a67f0659ffee094aa6b) + +The prospect is independently assessed to contain **95 million barrels of oil**. Drilling is expected to conclude mid-way through **March 2021**. + +The chance of success is **23%**. The Zapato field is believed to be the **source of the highly productive Motembo oil field**, which historically produced high-quality light oil. Studies have indicated there is a strong gravity and magnetic alignment of the structure which is further supported by seismic and surface data. Carbonate duplex structures such as Zapato are being targeted due to their potential to contain Varadero style oil accumulations. + +&#x200B; + +**Timeline** + +[12-month drilling program](https://preview.redd.it/3dwgl4hlt2g71.png?width=1703&format=png&auto=webp&s=293ae31f435b98bb3f1dedb8cc39b34b45bf06ad) + +[2 well drilling program timeline](https://preview.redd.it/7fvrdnwnt2g71.png?width=1659&format=png&auto=webp&s=cc8a5ebfed72dc58ea67353d956cc222efde3a9d) + +&#x200B; + +**Cuban Jurisdiction** + +Cuba is located in the Southern region of the Gulf of Mexico, which is currently one of the world’s **largest under-explored petroleum mega provinces**. Cuba has been **lightly explored** with modern-day exploration technologies however the country does have a rich exploration history. The principal zone of exploration has occurred along the narrow belt in the north coast (where Block 9 sits) and in the regions immediately offshore where tectonically thickened Jurassic-Cretaceous carbonate sources and reservoir sections have **formed a supercharged hydrocarbon system.** + +The current US trade embargos are **only imposed on American citizens**, which limits their US engagements and operations in Cuba. **Non-US international companies** (French, Russians, Chinese, Canadians) have been operating in Cuba with the most prominent being the Canadian company, Sherritt International. Sherritt has a **rich 30-year oil and gas exploration and production history** in Cuba with blocks including the Varadero oil fields which is located next door to Melbana’s Block 9. + +The Biden administration is **currently exploring new policies** that would reverse many of the detrimental actions undertaken by the Trump administration which restricted US citizens from travel, trade and other forms of outreach. The Obama administration had expanded contacts when it re-established diplomatic relations with Havana in 2015. It is important to note that Melbana is a company registered in **Australia** and the current US sanctions **do not apply**. Melbana has been able to source resources and equipment from firms outside the US. + +Last month in July, large gatherings of Cuban citizens protested against the government for its inability to address Cubans' **deepening economic crisis** as well as the resurgence of COVID in the country. Oil discoveries by Melbana would bring **major economic development** to the country through foreign investment as well as addressing the major oil supply deficit currently occurring. In 2019, Cuba produced just 45,000 barrels of oil equivalent per day which **only covered 50% of the nation's demand**. This significant deficit has led Cuba to import most of its oil supply from Venezuela. Yet due to the economic & political instability of Venezuela over recent years, importation has been declining, placing a greater strain on the Cuban economy. + +To attract more foreign investment into the country, in 2014 the Cuban government passed the **Foreign Investment Act** which reduced tax rates and provided tax holidays for the first 8 years of operations. As one of the first movers after the Act in 2015, Melbana **gained numerous advantages** by securing the most **attractive exploration blocks** as well as **establishing highly supportive relationships** with the Cuban government and CUPET. + +&#x200B; + +**Risks** + +* US Trade Embargo on Cuba +* COVID related delays +* Lack of discovery or limited discovery +* A downturn in international oil prices +* Cuban Government +* High SOI (2.3b) with further dilution from the current capital raise (2.6b) +* Limited Liquidity + +&#x200B; + +**Other Oil & Gas Assets** + +*Cuba - Santa Cruz oil field - 100%* + +Santa Cruz is a shallow offshore oil field in the northern region of Cuba, located just 45k east of Havana. This northern fold bet is **along with the trend** that is responsible for the vast majority of Cuba’s oil and gas production. Although the oil field is offshore, the target has been previously drilled using deviated wells from onshore sites. + +Santa Cruz was originally discovered by Sherritt and Pebercan in 2004 with production commencing in 2006. Early resource estimates indicated up to 100 MMbbl of recoverable oil, from a \~20 km2 structure with a significant 250m oil column. Santa Cruz reportedly produced over 1 MMbbl in its first year, and by 2013 had produced 7.4 MMbbl from 18 wells. + +In 2018, Melbana finalised a contract with CUPET, gaining an exclusive right to negotiate a long-term contract that would see the oil fields become operational again. Melbana is currently in an initial study period of technical work, assessing potential recoverables and has engaged a Canadian consultant with extensive Cuban experience to identify possible debottlenecking opportunities. + +*Australia – Beehive prospect (WA-488-P) - Royalty payments* + +The WA-488-P exploration permit contains the giant Beehive prospect, one of Australia’s **largest undrilled hydrocarbon prospects**, with a best prospective resource estimate of up to **416 million barrels of oil**. The chance of success is **20%.** + +In April this year, Melbana sold the WA-488-P permit to EOG Resources, one of the largest US oil and gas production companies. As per the contract of the sale, MAY will receive **US$10m for every 25 million barrels of oil produced** (roughly US$166m). + +Melbana estimates that subject to regulatory approvals of the transaction, EOG will begin drilling the Beehive sometime **during 2022** + +*Australia - AC/P50 & AC/P51 - Royalty payments* + +In 2018, Melbana sold its 55% interest to their joint venture partner Rouge Rock. The terms of the divestment provided Melbana with an interest in any future farm out or sale of the permits. + +In May 2021, Santos and Malaysia’s SapuraOMV acquired the AC/P50 permit and as a result, Melbana received an upfront cash payment and retained its **entitlement to a 10% share of any future royalties that Rouge Rock would receive**. Drilling of the P/50 prospect is expected to begin sometime **during 2022** + +The Purchasers of AC/P51 also have the right to acquire the permit AC/P51 which if exercised, Melbana would be entitled to receive similar cash consideration and contingent royalties. + +*Australia - Turtle & Barnett prospects - 100%* + +Melbana has acquired the WA-544-P and NT/P87 permits (next to the Beehive prospect) that contain the undeveloped Turtle and Barnett oil discoveries. Melbana will look to leverage learnings from the Beehive project by reprocessing seismic data to determine whether the two discoveries can be upgraded and whether deeper carbonate plays exist. + +*Australia – Tassie Shoal Projects - 100%* + +The Tassie Shoal project is a unique opportunity where Melbana would establish a Methanol and LNG **treatment facility** for the stranded gas assets in the Northern Territory offshore areas of the Bonaparte Basin. The development of the facilities has gained Federal environmental approval until 2052. + +&#x200B; + +**Melbana Management** + +*Andrew Purcell– Chairman* + +Andrew founded Lawndale Group in Hong Kong over 10 years ago, a company specialising in the development and management of projects in emerging markets across the heavy engineering, petrochemical, resources and infrastructure sectors. Prior to this, Mr Purcell spent 12 years working in investment banking for Macquarie Bank then Credit Suisse. + +*Michael Sandy - Independent Non-Executive Director* + +Michael is a geologist with 40 years of experience in the oil and gas industry. Michael has held numerous roles including minerals exploration and research for the PNG Government, Technical Manager of Oil Search, senior management with Novus including manager of assets in Australia, Asia, the Middle East and the USA. Michael has also been the principal consultant of Sandy Associates who is involved in petroleum, minerals, geothermal, environmental and disaster management projects. + +*Peter Stickland – NonExecutive Director* + +Peter has over 25 years of global experience in oil and gas exploration. Peter was the CEO of Melbana Energy from 2014 until early 2018 during which time he led the restructuring of the company and secured the Block 9 PSC in Cuba. Prior to joining Melbana, Peter was CEO of Tap Oil Limited as well as having a successful career with BHP Billiton. Peter was a member of the Board of Australian Petroleum Production and Exploration Association Limited. + +*Errol Johnstone - Chief Geoscientist* + +Errol has had a distinguished international career with ExxonMobil for over 29 years with particular emphasis on new ventures, basin analysis and new play generation. Errol is one of the industry’s experts in Structural Geology, Regional Geologic synthesis, Sequence Stratigraphy and 2D/3D Seismic Interpretation. + +*Rafael Tenreyro - Cuba Representative* + +Dr Rafael Tenreyro has over 40 years of experience in the Cuban oil industry, working in exploration projects which lead to the discovery, evaluation and development of 14 oil fields + +&#x200B; + +**Financials** + +As per the recent quarterly activities statement, Melbana has a **cash balance of $10.6m**. Melbana is also expected to receive a further US$7.5m cash payment from EOGs Beehive prospect subject to regulatory approvals. An additional US$5m may be received upon the satisfaction of certain conditions. The company currently does **not have any debt**. + +&#x200B; + +**Capital Raising** + +As per the Block 9 farm-out agreement with Sonangol, Melbana is required to provide 15% of its own money to fund the upcoming drilling program (Roughly $7.4M). Although they currently have $10.6m in the bank, the vast majority of these funds were from back payments provided by Sonangol, therefore, rendering these cash reserves invalid for the 15% payment of the drilling costs. To raise the drilling funds required, Melbana is currently undertaking a capital raising. + +The offer is **2 Shares for every 13 Shares held** by shareholders on the **10th of August** (suggest that you purchase tomorrow as unsure about T+2 with cap raises) at an issue price of **2c**. The offer also comes with **1 free option for every 2 shares issued**, **exercisable at 3.5c in 12 months.** + +&#x200B; + +**Share Price Projections** + +Based upon basic financial projections, I estimate that the share price could reach **21.7c** (10 bagger from the current price) by **March next year**. + +Assuming oil price of US$70 and extraction cost of US$15 (CEO actually said costs to be around US$10 but I went more conservative). The CEO has said that Melbana remains extremely profitable if oil prices are between US$40-50. Note as per Sherritt's PSC, there are no royalty payments to the Cuban government. + +[Basic financial projection](https://preview.redd.it/d9ilm1xgu2g71.png?width=1171&format=png&auto=webp&s=199d2010096ea7ab4a19ae1d55bb06519ce64538) + +This **does not include** the effect of FOMO/HYPE. Please note the above calculations are quite basic and I did leave out certain metrics. Do not use these figures to guide your financial decisions. + +&#x200B; + +**Final Thoughts** + +I am **extremely bullish** on the Block 9 prospects given the magnitude of data that they have acquired, previous exploration wells indicating hydrocarbons as well as the expertise of the board. A major de-risking factor was the farm-out agreement signed with Sonangol, who would have undertaken **significant due diligence** towards the potential success of the prospects. + +The two well drilling program presents a very attractive opportunity in the short-medium term with the additional 19 leads plus the other assets providing a solid base to move forward in the long-term. Melbana is also expected to receive significant funding from its previously owned Beehive prospect and will have a very **healthy cash balance** going forward. The shares on issue as well as limited liquidity is somewhat a concern and should be considered if taking a position. + +It is my personal belief that the market is unaware of Melbana’s operations due to the **reluctance of investing in Cuba** coupled with **ineffective marketing campaigns**. Although the sovereign risk is elevated in this jurisdiction, from my research I believe that a lot of the conventional bias against Cuba is **unfounded**. Given the value-adding significance of the prospects and potential impacts to the Cuban economy and its people, I believe that Melbana hasn’t delivered its offer effectively to the market, leaving the company overlooked. Though for shareholders this isn’t a particularly worrying issue, especially in the small-cap junior resources sector where the interest can often occur **only after successful results**. I expect that if Melbana has a successful Alameda-1 drilling campaign, the SP will experience a significant re-rate. **Hence why I have loaded up heavily prior to the drilling occurring.** + +I personally view MAY as a hybrid mix between **IVZ** (reluctance to the jurisdiction, supportive data and government, significant impacts on one economy and people, pre-existing infrastructure) and **BRK** (vast amount of potential prospects, already proven hydrocarbon system). + +&#x200B; + +*Summary* + +**Exploration Success** + +\- The pre-existing seismic, gravity, magnetic and surface data sets + +\- Interpretation abilities of the quality management team with extensive experience + +\- Previously exploration wells indicating hydrocarbons are present + +\- Cuba's Northern Belt geological characteristics + +**Commercial Success** + +\- Lots of existing O&G infrastructure + +\- Other foreign companies successfully operating in Cuba + +\- Government and CUPET extremely supportive of Melbana + +\- Cuba is an oil starved market. The country needs the oil as much as the shareholders want the SP to increase + +\- Sonangol is the farm-out partner + +\- Melbana has multiple assets + +\- Attractive fiscal terms for foreign companies + +&#x200B; + +**Melbana Resources** + +* [Energy News Interview](https://youtu.be/OtuIJGuaU3Y) +* [Energy News Article](https://www.energynewsbulletin.net/partners/partner-content/1411221/melbana-energy-and-its-king-sized-cuban-prospects) +* [Next Investors 2018 Article](https://www.nextoilrush.com/asx-juniors-under-drilled-cuban-oil-asset-puts-it-in-multi-billion-barrel-company/) +* [Stockhead Interview](https://stockhead.com.au/energy/rock-yarns-melbana-is-building-impressive-momentum-on-its-high-upside-cuban-oil-project/) +* [Finfeed Interview](https://finfeed.com/features/melbana-sets-sights-cuban-oil-australian-gas-dreams/) +* [Cuba Energy Analysis](https://www.eia.gov/international/analysis/country/CUB) +* [What is causing Cuba's shortage of oil article](https://www.reuters.com/article/us-cuba-fuel-explainer-idUSKBN1W91C3) +afternoon all, my daughter has been given 9k by the father in law, she has premium bonds which has one some small prizes. She takes an interest in looking after her money and making it work. We have set up a T212 ISA. + +My wife is completely risk adverse and doesn't want her to risk it, as she feels its more gambling, i've tried explaining to her and she would rather leave it in a bank account paying something like 0.10% + +i've put together a investment pie and its very similar to the one i have, mine is bit more heavy in clean energy and Robotics and is also higher in SMT + +The plan is to hold for 10-15 years + +VWRL 36% + +VUSA 22% + +SMT 12% + +INRG 10% + +ROBO 10% + +VFEM 10% +Wondering what you all think of this ETF? I’ve been holding with a $43 average price but am seeing the price fall significantly everyday. Trying to determine if this is a good long term hold or if I should cut my losses, especially with the price falling below previous support. How do you all feel about the MSOS etf? +Stumbled lately on articles in the internet explaining how Blackrock is so influential (if not the most influential) economic institution in the US right now having control on the boards of the largest companies and government institution in the US…also about their software Aladdin who they say is very accurate in modeling and predicting growth in stocks. + +I wonder if this is true and if yes, why are iShares ETF lagging in profitability vs. Vanguard, Invesco and Schwab? Do I miss anything here about Blackrock, and do they have an ETF product that is actually at par with their competitors? +afternoon all, my daughter has been given 9k by the father in law, she has premium bonds which has one some small prizes. She takes an interest in looking after her money and making it work. We have set up a T212 ISA. + +My wife is completely risk adverse and doesn't want her to risk it, as she feels its more gambling, i've tried explaining to her and she would rather leave it in a bank account paying something like 0.10% + +i've put together a investment pie and its very similar to the one i have, mine is bit more heavy in clean energy and Robotics and is also higher in SMT + +The plan is to hold for 10-15 years + +VWRL 36% + +VUSA 22% + +SMT 12% + +INRG 10% + +ROBO 10% + +VFEM 10% +Posted this in a response and it was getting some love, so I figured it could use it’s own post. Would love to hear from both lovers and haters of ARK ETFS. + +The article is titled “A Short History of Chasing The Best Performing Funds”. + +Some snippets so you get the jist of the message: + +“These numbers are massive for a non-Vanguard/iShares fund provider and an active one to boot.” + +“Investors have an awful track record when it comes to chasing the hottest funds of the day.” + +“When asked what went wrong Heebner replied, “A huge amount of money came in right when the performance of the fund was at a peak. I don’t know what to say about that. We don’t have any control over what investors do.” + +“ARKK cannot outperform at this pace forever. There is bound to be a misstep or the style will simply fall out of favor for a period of time. Many of the investors chasing the hot dot will head for the exits at that point.” + +https://awealthofcommonsense.com/2020/12/a-short-history-of-chasing-the-best-performing-funds/ +This coin has already changed my life financially and it hasn’t launched yet. We are going live today at 12pm pst on pancakeswap!!! + +What if you had the chance to buy apple 20 years ago? How many people were able to hold these past 20 years anyway? If you had you would be rich beyond belief. What if you had bought one of the other safe coins at launch? Same thing but in smaller time frame. Today those safe coins are multiplying investments and are counted in millions of coins available for the average person to invest in. I am average. I have two jobs, three kids and a beautiful wife. I am a teacher. I have worked my ass off my whole life and came from a house where my mother was alone with four kids and worked 2-3 jobs to feed us. We had welfare Christmas’s and we were happy. We struggled but were happy. I was lucky to get to college and paid for it on my own. I work everyday to create bigger and better opportunities for my kids than I had. This coin is my ticket. I’m mot blindly throwing money into this project. I’ve done research. I’ve looked at the followers that the creator of this coin has and his aspirations to bring wealth to the everyday joe. + + +Today, at 12pm pst, the 100xelon coin is rebranding to "100xcoin". Check out ken the crypto's YouTube channel for more info. Get in ASAP for legit 100x!!! Also, prior to rebrand if you look at charts you will see That we went from a $5M market cap to $17M in 48 hrs with zero advertising. This coin is going to moon super hard as soon as new coin comes out today at 12pm pst! + +I am buying this coin because I was late on all of the other safe coins. I am buying this coin for my kids. I’m buying it so if it goes to the moon my mother can stop working a little earlier. This is an opportunity for me to create real wealth that I can pass onto my kids. All of the other shitcoins have had opportunities for early buyers and if you didn’t get out in time many of them dumped. The devs had zero accountability and there was no face to the project. We have that with Ken. The early community believes in him. He is staking his reputation and his own funds in this project. I believe that if I hold I will win. + +I believe in Ken. I believe that his work in marketing and his followers will spread the word of the value of getting into this coin early. + +We are going to the moon. Buy early and hold. It’s easy. Even $100 will turn into $10,000 if you hold and we do 100x. Other safe coins have done over 70,000 percent for early investors. The question is do you want to take the chance to win and be early? + +Creator- 100% doxxed YouTube crypto Analyst- Ken The Crypto + +Tokenomics +3.5% burned +2% liquidity +1.5% dev & marketing wallet + +Chart- price will not reflect actual value until 12pm pst +https://poocoin.app/tokens/0x4cc20a024324b6c487f50ba448999ae29f8f6022 + +Contract +0x4cc20a024324b6c487f50ba448999ae29f8f6022 + +Pancakeswap +https://exchange.pancakeswap.finance/#/swap?outputCurrency=0x4cC20A024324B6c487f50Ba448999Ae29f8F6022 + +Website +100XCoin Launch Countdown + +Ken The Crypto YouTube Channel +https://youtube.com/c/KenTheCrypto + +100xcoin YouTube channel +https://youtube.com/channel/UCxjoBU68uYQJcYAKV-tWCgA + +Telegram +https://t.me/ELOofficialchat + +Twitter +https://twitter.com/100xcoin_?s=21 +I've been working at my current employer since September 2017. Back in November 2018, my current employer gave me a "spot bonus" of $25k. They never actually informed me that I was receiving the bonus, and I certainly did not have to sign anything to get it. It was simply added to my paycheck with the note "spot bonus". Cool, I thought. + +Fast forward to today, I've given notice to leave the company. HR informed me that because I am leaving the company less than 12 months after receiving the spot bonus, I have to reimburse them for the amount. This leaves a bad taste in my mouth because 1. it was a bonus for past work, not retention and 2. they never informed me that I would have to return the bonus when they awarded it to me. + +I checked my offer letter to see if anything is mentioned there. When I signed with the company, they offered me a signing bonus that I would have to repay if I left within 12 months of signing, but I'm clearly past that. It doesn't mention I have to repay any other bonuses. HR is only asking for the bonus I received in November and not the bonus I received when I signed. + +Do I really have to repay the bonus? + +**Update:** Thanks everyone for the advice. My employment with the company was at-will status. I don't have an employee manual, and I did not see anything in the employment agreement regarding repayment of this bonus. I sent an email to HR asking them for the documents regarding the bonus. I would still like to leave the company on good terms, so hopefully just an honest mistake on their end. + +**Final Update:** https://old.reddit.com/r/personalfinance/comments/bk2myn/update_leaving_a_company_company_wants_spot_bonus/? +One of the most helpful lectures on investing I've ever heard, a speech and Q/A session with Peter Lynch in 1994: + +https://youtu.be/72Pq5zKEi\_g?t=530 + +Still relevant as ever, especially right now. + +I know I sure find this helpful right now. Figured some others here might also + +**As for how to not be an idiot:** + +1) For most here, it's to do nothing and change nothing. As Munger puts it: Don't just do something, stand there. That's often the only rational decision when the market reaches peak volatility. + +2) If you're buying, pay close attention to the debt levels on the balance sheet. It's hard to go bankrupt if you have no debt. + +3) If you're buying, as Lynch puts it: There's no rush. You had 10 years to get in on Walmart and still have a 10-bagger. Our current situation with the CV outbreak, oil crashing, etc isn't going to magically reset itself next week. You have time to buy great companies that will grow, long after the fear cycle of CV has wrapped up. + +Now time to go follow my own advice... +I am 100% certain inflation and rising prices will happen on supply chain strained commodities. Any suggestions for beaten down stocks. Uranium? Potash? Oil yes of course. Gold miners! Best hedge for 1-2 years inflation rise. Thanks. +Just wondering what banks you folks are investing in and who you think has the best foundation and customer appreciation (morals) going forward? I've been an RBC and TD client and haven't had terrible experience with either. Curious of your thoughts on the big financials. Currently holding small positions with RY and CM. +Welcome to the Daily General Discussion thread of /r/EthTrader. + +*** + +Thread guidelines: + +- Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss altcoins in the Daily Altcoin Discussion thread. +- All [sub rules](https://www.reddit.com/r/ethtrader/about/rules/) apply here so please be familiar with them. + +*** + + Resources and other information: + +* Find the latest Altcoin Discussion thread in [this search listing](https://www.reddit.com/r/ethtrader/search?q=author%3Aautomoderator+title%3Aaltcoin&include_over_18=on&sort=new&t=all). + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! + +Welcome to the Daily General Discussion thread of /r/EthTrader. + +*** + +Thread guidelines: + +- Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss altcoins in the Daily Altcoin Discussion thread. +- All [sub rules](https://www.reddit.com/r/ethtrader/about/rules/) apply here so please be familiar with them. + +*** + + Resources and other information: + +* Find the latest Altcoin Discussion thread in [this search listing](https://www.reddit.com/r/ethtrader/search?q=author%3Aautomoderator+title%3Aaltcoin&include_over_18=on&sort=new&t=all). + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! + +We believe that well run households, like businesses, should use leverage appropriately. However, as we go into the new year, we’re struggling to decide what metrics and targets we want to use as we debate adding or retiring debt in this low interest rate environment. + +we’ve been using really simple targets chosen from a quick and dirty sim we ran a decade ago (Debt to assets kept under .5, no high interest debt, no debt on toys, and we dont count depreciating assets as assets) + +but how do y’all think about leverage on your household finances? +This is going to be a lengthy post; estimated read time is **about 12 minutes**. I have a lot on my mind and can already sense that I'm about to go off. Just providing advance warning as a courtesy. Here goes... + +# The Dreaded Blow-Up Day + +A trading buddy of mine had a rough day last week. He **lost a month of hard-earned gains** on Friday. Four weeks of progress just vanished into thin air over an afternoon. His story was probably one of hundreds on any given trading day. Just another statistical casualty among 'us'—**The Retail Rabble**. + +*Why do you seem so cranky, Cranky?* Because this trader is somebody I've known for years and is extremely talented. When it comes to price action reading ability, he is much more skilled than I am. Intuition and execution is highly on-point. **His day is usually over before I've taken my first trade.** + +So how could this happen then? Well, he has a very hard time stopping on red days. There's just some incessant urge to finish the day with green pixels on the monitor. That means how ever many trades it takes; how ever long in front of the screens. And his scalping skills are usually good enough to save him (whenever called upon). But not Friday afternoon. Not that $AAPL/$TSLA price action. He got **chopped to shit** in the sideways range. Desperation kicked in as he was faced with going into the weekend on a red note. + +# When Ego Overshadows Reason + +You see: it's the degenerate gambling that he's never been able to overcome. I've been begging him for months to enable some sort of **daily max loss through his platform**. He refused. He took it offensively as an insult. Especially after putting together an amazing green stretch the past quarter. + +*'Look, Cranky, I'm way past that. Not a noob anymore. I don't need any nannies to protect me. They're too restrictive. I'm disciplined enough to know when to stop.'* + +Regardless of how experienced you are as a trader, there needs to be some sort of kill switch to prevent disaster. Even if the chances of it happening are next to zero, the damage a blow-up day can cause is very difficult to repair. **That means protecting your financial capital and emotional capital at all costs.** As traders, we will be put out business without both intact. + +I didn't have the heart to say '*I told you so'* but this day was coming and easily predictable. I know his trading character better than he does. From an external perspective, it is much easier to analyze and be critical of others' faults. He definitely knows my weaknesses, as well. That's just human nature—**we love to observe and judge others.** Just look at the toxicity on many trading subreddits! + +Rather than berating him about his lapse in discipline, I tried to console him. I told him that many traders have gone through these trials and tribulations during their career. Leaving their trading account in tatters or outright blown to pieces after a bad day. **Never let it go to waste; chalk it up as a lesson learned.** + +It's how we recover and pick ourselves back up that defines our character in this game. I told him, '*You're as resilient as they come. I know you can continue to persevere! Take it on the chin and move forward. You grew your account before, and you can do it again.'* His response was that I could never understand how he is feeling because I was 'so disciplined' and not a 'fuck-up' like him. **Oh boy, here we go...** + +# Trip Down Memory Lane + +I replied, *'Yeah, you sure of that? I've paid my dues. Market tuition or whatever you want to call it. I'm speaking from experience here, man. BRB, let me dust off an old USB drive.'* + +**Cranky sent a picture:** + +[u\/Cranky\_Crypto wiping out 3 months of gains in a single day; circa 2018 CE](https://preview.redd.it/9ca6v62xvts91.png?width=462&format=png&auto=webp&s=4c1a1a6ecad73cecd0408bc2b5644412b19b1282) + +*You don't think I felt like a failure? Demotivated. Depressed. In a dark place and having even darker thoughts?* The **guilty lump in my throat** was so massive that I struggled to eat or drink for days. Many of you reading this know the feeling I'm referring to. We've all been there before, my trading brothers and sisters. + +# Used to Revenge Trade with the Best of Degenerates + +The above P&L curve was around **Year 2** of my trading journey. I was starting to get the hang of things. Becoming better at doing what works, while removing bad habits that I developed early on (it is harder to learn **how not to trade**, than it is to learn how to trade). + +I slowly scaled up my risk from $100, $150, $200, to $250. Then that one fateful day, **I relapsed and lost 30 R's in a single session.** 3 months of progress just gone. A full quarter of gains—poof! + +[Feb 21, 2018 - $2.5M worth of shares traded for a loss of $7.5K](https://preview.redd.it/t2mu78zxvts91.png?width=360&format=png&auto=webp&s=133e2200bf5ed78fc9c4b3a0134898cba4596727) + +The trade log above is the definition of having an out of body experience. I must have taken over 50 trades based on the row count. **My trading system and rules were completely tossed out the window.** I tried digging myself out of a hole by continuing to dig deeper! When the Closing bell rang, I stared blankly at the screen for a good 5 minutes before getting up. I recall wanting to vomit after coming to my senses. **Why the hell did I just do that to myself...** + +I told my buddy that there are many **lessons in trading that we must learn for ourselves**. It's completely **up to you how much each one costs.** For me, the fee was $7500. I was that child who was told not to touch the hot stove. It wasn't until I **experienced the burn firsthand** that I realized what everybody was warning about. Now I know better. *And now you do, too.* + +# Know Your Triggers + +My Achilles Heel was counter-trend trading. Thinking that I could time tops and bottoms and outsmart everyone else. Sometimes that meant **averaging down or bagholding**, or just being wrong 8 times in a row. Well, it didn't take very long for me to lose a lot of money and learn not to trade that way. Once I became friends with the trend, my trading did a complete 180. + +For some reason, though, I would **subconsciously revert to those old ways** on days that I struggled. It was like opening Pandora's Box. Getting myself sucked into chop, zooming into the 1-minute chart and 'seeing', patterns that weren't there. Other times making an execution error would **make me lose my shit.** I'd just start being careless and a **DGAF** switch would flip on. **Bad trading always followed.** + +I had to learn to channel my persistent tendencies into something other than taking more trades. You can't prove anything to a damn chart. **Knowing when to stop for the day doesn't make you a quitter.** At some point I realized that revenge trading wasn't the answer. Each trade was a single tree. I had to zoom out and **view the forest.** I will prove myself over a period of weeks, not minutes. Admitting defeat is not quitting; **I'll live to trade another day.** + +# Absolute Power Corrupts Absolutely + +Most traders start out **undisciplined as a default state.** That is unless they have proper training (or a military background). Why is that—shouldn't traders begin their career as a blank slate? Well, think about the shift in environmental dynamics. **We live our whole lives with boundaries in place.** Rules. Laws. Social norms. The moment you step foot into the market, all of those barriers are removed. You can trade whatever you want, in whatever size you want, and in either direction. The possibilities are limitless. There is absolute freedom and absolute power. **For many, that means absolute corruption.** + +Simply put, many novice traders lack self-control. They are prone to impulse, FOMO, greed, and general compulsive behavior. That's what leads to irrational and often self-sabotaging actions in front of the screens—pure self-destruction in some cases. This is why many trading coaches recommend focusing on your mindset to counter our primitive urges. Mindfulness. Meditation. Exercise. Breathing. Routines. Hand-waving. Trading is really an internal struggle once you've found a working strategy. I repeat: **You won't overcome psychological issues without having a proven edge.** + +What if you can't overcome bad habits with sheer willpower? Ask yourself why you pursued trading in the first place. The money? The freedom? **Find something to leverage as motivation.** Do it for your loved ones. Research has shown that people are better at filling and properly administering prescription medication to their pets than to themselves. That's because **we tend to care about others more than ourselves.** + +If you have family, try not to do things that would let them down. Don't trade in a way that makes it difficult to look in the mirror at the end of the day. If you're feeling ashamed, imagine what your peers would think if they found out. For many retail traders, **day trading is a dirty little secret.** Find an accountability partner if you have to. + +# Get Off My Lawn + +Every time somebody posts about a disastrous day on this subreddit, it brings back memories of my journey. The early struggles. The countless painful lessons. The fact is, **I probably empathize too much with random internet strangers.** I'm not sure why that is. Perhaps it's because I'm new to social media? Shared experiences and goals? Maybe it's because I despise what the retail trading space has become. + +Times have definitely changed. I come from a place that was about helping your fellow trader. **Before all the memes and Discords existed. Before the YouTubers and Gurus exploded onto the scene with their rented Lambos.** Everything is reduced to a pissing contest now. Who made more money in less time. Pure showboating. + +My mentors taught me that there is an unspoken code among traders where money was rarely talked about. It was either '*I had a good day, an OK day, or a bad day.*' But money talks. And there are thousands of chatrooms who view each and every retail trader as a walking $99/month revenue source. **The more they are struggling, the harder they can be milked.** It's very sad so I'm going to stop talking about it. + +# Not a Hopium Dealer + +This post is not meant to encourage folks who aren't cut out for trading. To put it bluntly: many people I see posting on this subreddit **have no business trading at all.** At some point you have to be honest with yourself. Do you have realistic expectations? Are your deficiencies correctable? Can you mitigate your weaknesses? Can you compensate by changing the way you trade? Do you realize your mistakes? Are you making progress, regressing, or stuck in a vicious cycle? **Are you trading because it's more convenient and more accessible than driving to the casino?** Is Risk Management a buzzword to you? + +I don't say these things to be mean. But too often I see people pitching the idea that *'anyone can become a consistently profitable trader in 2-3 years.'* **That's a lie.** I've met traders who've been failing for over a decade. Success from their primary profession allows them to keep funding their addiction. I've personally begged people I care about to put down day trading. To stop tormenting themselves after years of torture and agony. **I've witnessed these little candlesticks and hotkeys ruin people's lives.** + +Don't get me wrong—finding success in trading is definitely possible. It's an acquired skill like any other in life. But just like competitive sports, don't expect to watch some highlights and step onto the field. **You'll get your ass handed to you by the pros.** And for some people, trading is just not meant to be. **There's no shame in failing if you gave it your best shot.** + +I shared the following analogy with another trader recently regarding setbacks. + +>The journey starts off as **1 step forward and 2 steps back**. Eventually you take **1 step forward and only 1 step back**. Then you advance to **2 steps forwards and 1 step back**, until finally you're casually walking along and pausing to rest or run when you choose. + +# Back to My Trading Buddy + +Almost forgot about him! I convinced him to **record a video recap of Friday's trades**, if only to let it out. You know—give the frustration a voice rather than bottling things inside. It helps to speak out loud and retrace your thoughts and feelings. **There's some healing component to doing a confessional.** I told him he is welcome to share it with me for accountability purposes. + +First thing Monday morning he will be requesting to put a daily max loss to prevent this from happening again. A safety net of sorts. After taking a short break to clear his mind, he'll be getting back in the saddle with **small size to rebuild his confidence.** This is the approach I recommended on a post from yesterday (which motivated me to write this novella). + +As a final word of encouragement, I told him to **forget about the money for now.** The immediate goal is getting back in rhythm, rebuilding consistent habits, and then slowly sizing up. '*Eventually you will get to a point where you can recover that blow-up day in a single trade. It will take years of commitment and hard work. But your patience and dedication will be rewarded.'* + +He replied, *Yeah right, Cranky. You're just saying that to make me feel better. It just seems impossible at the moment.* **Hold my USB drive...** + +**Cranky sent a picture:** + +[Exactly four years later, doubled my largest blow-up day in a single trade \(Feb 2022\)](https://preview.redd.it/s6whr87vvts91.png?width=1030&format=png&auto=webp&s=4ec87e693d071f6fca596dca27ef6160da3ed4e3) + +**Just forget about the money—that's not the point.** The key is surviving long enough and continuing to improve your craft. Once you reach a certain level of consistency, it's just a matter of scaling up. Execute the exact same way while adding 0's to the end of your Risk Unit. Eventually the account balance will reflect your growth as a trader. **Mistakes from your early career will barely register as a blip.** *Days like today may seem like a roadblock at the moment, but when you look back in the rearview mirror, they'll appear as tiny speed bumps.* + +# I Talk Too Much + +That was an extremely long post. Not sure how many made it this far. If you have, then obviously I still have your attention. Please go through my post history because I've discussed many of the above points in great detail. **I must sound like a broken record at this point.** That's because trading is damn simple if we really break it down. **Find something that works and develop a process around it.** It's the human aspect, the degeneracy, and the ego that transform trading into a 10-headed monster, comprised of emotional and psychological nightmare-fuel. + +**P.S.** This is the only time I will ever show P&L or speak in dollar terms; doing so makes this story more tangible. I always prefer to talk shop in Risk Units (R's). It doesn't matter if you're trading 1 share or 10,000 lots. Everyone has a different account size with unique financial objectives. One trader lives off 50R a month, while another does 5R as a side-hustle. It's all personal and relative; size doesn't matter (despite what society wants you to believe). + +Have a great trading week, everybody :) +This is going to be a lengthy post; estimated read time is **about 12 minutes**. I have a lot on my mind and can already sense that I'm about to go off. Just providing advance warning as a courtesy. Here goes... + +# The Dreaded Blow-Up Day + +A trading buddy of mine had a rough day last week. He **lost a month of hard-earned gains** on Friday. Four weeks of progress just vanished into thin air over an afternoon. His story was probably one of hundreds on any given trading day. Just another statistical casualty among 'us'—**The Retail Rabble**. + +*Why do you seem so cranky, Cranky?* Because this trader is somebody I've known for years and is extremely talented. When it comes to price action reading ability, he is much more skilled than I am. Intuition and execution is highly on-point. **His day is usually over before I've taken my first trade.** + +So how could this happen then? Well, he has a very hard time stopping on red days. There's just some incessant urge to finish the day with green pixels on the monitor. That means how ever many trades it takes; how ever long in front of the screens. And his scalping skills are usually good enough to save him (whenever called upon). But not Friday afternoon. Not that $AAPL/$TSLA price action. He got **chopped to shit** in the sideways range. Desperation kicked in as he was faced with going into the weekend on a red note. + +# When Ego Overshadows Reason + +You see: it's the degenerate gambling that he's never been able to overcome. I've been begging him for months to enable some sort of **daily max loss through his platform**. He refused. He took it offensively as an insult. Especially after putting together an amazing green stretch the past quarter. + +*'Look, Cranky, I'm way past that. Not a noob anymore. I don't need any nannies to protect me. They're too restrictive. I'm disciplined enough to know when to stop.'* + +Regardless of how experienced you are as a trader, there needs to be some sort of kill switch to prevent disaster. Even if the chances of it happening are next to zero, the damage a blow-up day can cause is very difficult to repair. **That means protecting your financial capital and emotional capital at all costs.** As traders, we will be put out business without both intact. + +I didn't have the heart to say '*I told you so'* but this day was coming and easily predictable. I know his trading character better than he does. From an external perspective, it is much easier to analyze and be critical of others' faults. He definitely knows my weaknesses, as well. That's just human nature—**we love to observe and judge others.** Just look at the toxicity on many trading subreddits! + +Rather than berating him about his lapse in discipline, I tried to console him. I told him that many traders have gone through these trials and tribulations during their career. Leaving their trading account in tatters or outright blown to pieces after a bad day. **Never let it go to waste; chalk it up as a lesson learned.** + +It's how we recover and pick ourselves back up that defines our character in this game. I told him, '*You're as resilient as they come. I know you can continue to persevere! Take it on the chin and move forward. You grew your account before, and you can do it again.'* His response was that I could never understand how he is feeling because I was 'so disciplined' and not a 'fuck-up' like him. **Oh boy, here we go...** + +# Trip Down Memory Lane + +I replied, *'Yeah, you sure of that? I've paid my dues. Market tuition or whatever you want to call it. I'm speaking from experience here, man. BRB, let me dust off an old USB drive.'* + +**Cranky sent a picture:** + +[u\/Cranky\_Crypto wiping out 3 months of gains in a single day; circa 2018 CE](https://preview.redd.it/9ca6v62xvts91.png?width=462&format=png&auto=webp&s=4c1a1a6ecad73cecd0408bc2b5644412b19b1282) + +*You don't think I felt like a failure? Demotivated. Depressed. In a dark place and having even darker thoughts?* The **guilty lump in my throat** was so massive that I struggled to eat or drink for days. Many of you reading this know the feeling I'm referring to. We've all been there before, my trading brothers and sisters. + +# Used to Revenge Trade with the Best of Degenerates + +The above P&L curve was around **Year 2** of my trading journey. I was starting to get the hang of things. Becoming better at doing what works, while removing bad habits that I developed early on (it is harder to learn **how not to trade**, than it is to learn how to trade). + +I slowly scaled up my risk from $100, $150, $200, to $250. Then that one fateful day, **I relapsed and lost 30 R's in a single session.** 3 months of progress just gone. A full quarter of gains—poof! + +[Feb 21, 2018 - $2.5M worth of shares traded for a loss of $7.5K](https://preview.redd.it/t2mu78zxvts91.png?width=360&format=png&auto=webp&s=133e2200bf5ed78fc9c4b3a0134898cba4596727) + +The trade log above is the definition of having an out of body experience. I must have taken over 50 trades based on the row count. **My trading system and rules were completely tossed out the window.** I tried digging myself out of a hole by continuing to dig deeper! When the Closing bell rang, I stared blankly at the screen for a good 5 minutes before getting up. I recall wanting to vomit after coming to my senses. **Why the hell did I just do that to myself...** + +I told my buddy that there are many **lessons in trading that we must learn for ourselves**. It's completely **up to you how much each one costs.** For me, the fee was $7500. I was that child who was told not to touch the hot stove. It wasn't until I **experienced the burn firsthand** that I realized what everybody was warning about. Now I know better. *And now you do, too.* + +# Know Your Triggers + +My Achilles Heel was counter-trend trading. Thinking that I could time tops and bottoms and outsmart everyone else. Sometimes that meant **averaging down or bagholding**, or just being wrong 8 times in a row. Well, it didn't take very long for me to lose a lot of money and learn not to trade that way. Once I became friends with the trend, my trading did a complete 180. + +For some reason, though, I would **subconsciously revert to those old ways** on days that I struggled. It was like opening Pandora's Box. Getting myself sucked into chop, zooming into the 1-minute chart and 'seeing', patterns that weren't there. Other times making an execution error would **make me lose my shit.** I'd just start being careless and a **DGAF** switch would flip on. **Bad trading always followed.** + +I had to learn to channel my persistent tendencies into something other than taking more trades. You can't prove anything to a damn chart. **Knowing when to stop for the day doesn't make you a quitter.** At some point I realized that revenge trading wasn't the answer. Each trade was a single tree. I had to zoom out and **view the forest.** I will prove myself over a period of weeks, not minutes. Admitting defeat is not quitting; **I'll live to trade another day.** + +# Absolute Power Corrupts Absolutely + +Most traders start out **undisciplined as a default state.** That is unless they have proper training (or a military background). Why is that—shouldn't traders begin their career as a blank slate? Well, think about the shift in environmental dynamics. **We live our whole lives with boundaries in place.** Rules. Laws. Social norms. The moment you step foot into the market, all of those barriers are removed. You can trade whatever you want, in whatever size you want, and in either direction. The possibilities are limitless. There is absolute freedom and absolute power. **For many, that means absolute corruption.** + +Simply put, many novice traders lack self-control. They are prone to impulse, FOMO, greed, and general compulsive behavior. That's what leads to irrational and often self-sabotaging actions in front of the screens—pure self-destruction in some cases. This is why many trading coaches recommend focusing on your mindset to counter our primitive urges. Mindfulness. Meditation. Exercise. Breathing. Routines. Hand-waving. Trading is really an internal struggle once you've found a working strategy. I repeat: **You won't overcome psychological issues without having a proven edge.** + +What if you can't overcome bad habits with sheer willpower? Ask yourself why you pursued trading in the first place. The money? The freedom? **Find something to leverage as motivation.** Do it for your loved ones. Research has shown that people are better at filling and properly administering prescription medication to their pets than to themselves. That's because **we tend to care about others more than ourselves.** + +If you have family, try not to do things that would let them down. Don't trade in a way that makes it difficult to look in the mirror at the end of the day. If you're feeling ashamed, imagine what your peers would think if they found out. For many retail traders, **day trading is a dirty little secret.** Find an accountability partner if you have to. + +# Get Off My Lawn + +Every time somebody posts about a disastrous day on this subreddit, it brings back memories of my journey. The early struggles. The countless painful lessons. The fact is, **I probably empathize too much with random internet strangers.** I'm not sure why that is. Perhaps it's because I'm new to social media? Shared experiences and goals? Maybe it's because I despise what the retail trading space has become. + +Times have definitely changed. I come from a place that was about helping your fellow trader. **Before all the memes and Discords existed. Before the YouTubers and Gurus exploded onto the scene with their rented Lambos.** Everything is reduced to a pissing contest now. Who made more money in less time. Pure showboating. + +My mentors taught me that there is an unspoken code among traders where money was rarely talked about. It was either '*I had a good day, an OK day, or a bad day.*' But money talks. And there are thousands of chatrooms who view each and every retail trader as a walking $99/month revenue source. **The more they are struggling, the harder they can be milked.** It's very sad so I'm going to stop talking about it. + +# Not a Hopium Dealer + +This post is not meant to encourage folks who aren't cut out for trading. To put it bluntly: many people I see posting on this subreddit **have no business trading at all.** At some point you have to be honest with yourself. Do you have realistic expectations? Are your deficiencies correctable? Can you mitigate your weaknesses? Can you compensate by changing the way you trade? Do you realize your mistakes? Are you making progress, regressing, or stuck in a vicious cycle? **Are you trading because it's more convenient and more accessible than driving to the casino?** Is Risk Management a buzzword to you? + +I don't say these things to be mean. But too often I see people pitching the idea that *'anyone can become a consistently profitable trader in 2-3 years.'* **That's a lie.** I've met traders who've been failing for over a decade. Success from their primary profession allows them to keep funding their addiction. I've personally begged people I care about to put down day trading. To stop tormenting themselves after years of torture and agony. **I've witnessed these little candlesticks and hotkeys ruin people's lives.** + +Don't get me wrong—finding success in trading is definitely possible. It's an acquired skill like any other in life. But just like competitive sports, don't expect to watch some highlights and step onto the field. **You'll get your ass handed to you by the pros.** And for some people, trading is just not meant to be. **There's no shame in failing if you gave it your best shot.** + +I shared the following analogy with another trader recently regarding setbacks. + +>The journey starts off as **1 step forward and 2 steps back**. Eventually you take **1 step forward and only 1 step back**. Then you advance to **2 steps forwards and 1 step back**, until finally you're casually walking along and pausing to rest or run when you choose. + +# Back to My Trading Buddy + +Almost forgot about him! I convinced him to **record a video recap of Friday's trades**, if only to let it out. You know—give the frustration a voice rather than bottling things inside. It helps to speak out loud and retrace your thoughts and feelings. **There's some healing component to doing a confessional.** I told him he is welcome to share it with me for accountability purposes. + +First thing Monday morning he will be requesting to put a daily max loss to prevent this from happening again. A safety net of sorts. After taking a short break to clear his mind, he'll be getting back in the saddle with **small size to rebuild his confidence.** This is the approach I recommended on a post from yesterday (which motivated me to write this novella). + +As a final word of encouragement, I told him to **forget about the money for now.** The immediate goal is getting back in rhythm, rebuilding consistent habits, and then slowly sizing up. '*Eventually you will get to a point where you can recover that blow-up day in a single trade. It will take years of commitment and hard work. But your patience and dedication will be rewarded.'* + +He replied, *Yeah right, Cranky. You're just saying that to make me feel better. It just seems impossible at the moment.* **Hold my USB drive...** + +**Cranky sent a picture:** + +[Exactly four years later, doubled my largest blow-up day in a single trade \(Feb 2022\)](https://preview.redd.it/s6whr87vvts91.png?width=1030&format=png&auto=webp&s=4ec87e693d071f6fca596dca27ef6160da3ed4e3) + +**Just forget about the money—that's not the point.** The key is surviving long enough and continuing to improve your craft. Once you reach a certain level of consistency, it's just a matter of scaling up. Execute the exact same way while adding 0's to the end of your Risk Unit. Eventually the account balance will reflect your growth as a trader. **Mistakes from your early career will barely register as a blip.** *Days like today may seem like a roadblock at the moment, but when you look back in the rearview mirror, they'll appear as tiny speed bumps.* + +# I Talk Too Much + +That was an extremely long post. Not sure how many made it this far. If you have, then obviously I still have your attention. Please go through my post history because I've discussed many of the above points in great detail. **I must sound like a broken record at this point.** That's because trading is damn simple if we really break it down. **Find something that works and develop a process around it.** It's the human aspect, the degeneracy, and the ego that transform trading into a 10-headed monster, comprised of emotional and psychological nightmare-fuel. + +**P.S.** This is the only time I will ever show P&L or speak in dollar terms; doing so makes this story more tangible. I always prefer to talk shop in Risk Units (R's). It doesn't matter if you're trading 1 share or 10,000 lots. Everyone has a different account size with unique financial objectives. One trader lives off 50R a month, while another does 5R as a side-hustle. It's all personal and relative; size doesn't matter (despite what society wants you to believe). + +Have a great trading week, everybody :) +About ten years ago, my partner and I had saved around 2M, through the usual fire methods and decided we didn’t need to work our tech jobs anymore. I wanted to do something meaningful, something that wasn’t about a paycheck, but was worth doing for its own sake. I got a degree in one of the helping professions, and started, well, helping people. The work actually was fulfilling, and I know that I made a positive difference in people’s lives. But the politics of the bureaucracies I had to deal with were way worse than anything from my previous job. People can really treat you like dirt when you are seen as expendable. Also, it surprised me how many people wanted to work in my helping profession, and how few paying positions there were. I was taking away an opportunity from someone who actually needed it. And it wasn’t like I was the only person who could do the job — tons of people were suited to it and wanted to do it. They just couldn’t get paid a living wage to do it. So that was pretty depressing. When the economic situation in 2009 started to threaten my financial stability, the paycheck started to become important to me. It wasn’t supposed to matter, but with the portfolio sinking ever farther each day, it did matter. I worked long hours, in mentally exhausting conditions, and really started to wonder WTF I was doing with my life. Things were so much better overall when I was working my old job, even though the work itself was less fulfilling. After a couple years, I went back to tech and was way happier. I have lots of interests outside of my career that provide fulfillment. +Your markets are run by bots. Now your daily threads are too. + +&#x200B; + +This thread is for plans and thoughts prior to the market open period. + +Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +&#x200B; + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share). + +&#x200B; + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/ywAGqfUAQE). +Your markets are run by bots. Now your daily threads are too. + +&#x200B; + +This thread is for plans and thoughts prior to the market open period. + +Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +&#x200B; + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share). + +&#x200B; + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/EKU2tVBp9u). +After getting mad FOMOlosing money on boomer stocks I've finally had enough. + +How do I find these meme stocks before anyone else? CPH? Bruh what?? It feels like all of you retards found that stock early on and I'm thinking what? Am I so out of touch? Or is it the children who are wrong? +Your markets are run by bots. Now your daily threads are too. + +&#x200B; + +This thread is for plans and thoughts prior to the market open period. + +Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +&#x200B; + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share). + +&#x200B; + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/ywAGqfUAQE). +Your markets are run by bots. Now your /r/Asx_bets daily threads are too. + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +Automoderator may provide "Guidance" for Lazy and zero effort posting. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/ywAGqfUAQE) +[https://www.msn.com/en-au/news/australia/why-nuclear-submarines-offer-key-edge-for-australian-navy/ar-AAOulGn?ocid=BingHPC](https://www.msn.com/en-au/news/australia/why-nuclear-submarines-offer-key-edge-for-australian-navy/ar-AAOulGn?ocid=BingHPC) + +[https://www.ga.gov.au/education/classroom-resources/minerals-energy/australian-energy-facts/uranium-and-thorium#:\~:text=In%20some%20countries%2C%20highly-enriched%20uranium%20is%20used%20by,is%20used%20in%20penetrating%20weapons%20and%20armour%20plating](https://www.ga.gov.au/education/classroom-resources/minerals-energy/australian-energy-facts/uranium-and-thorium#:~:text=In%20some%20countries%2C%20highly-enriched%20uranium%20is%20used%20by,is%20used%20in%20penetrating%20weapons%20and%20armour%20plating). +Your markets are run by bots. Now your /r/Asx_bets daily threads are too. + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +Automoderator may provide "Guidance" for Lazy and zero effort posting. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/ywAGqfUAQE) +Recently I saw a Redditor on a different sub where he well “all-in” in one stock several times. It paid off for him as he went from a couple of thousands to millions. *I can’t remember the exact numbers* + +So it made me think about what would I do if I had to go all-in on one dividend stock. Im still newbie in the dividend stock world so I’ll probably play it it safe and buy Vanguard Dividend Etf. + +Curious to hear what you guys would do. +# Daily Wrinkle Brain Think Tank + +Please keep this daily discussion limited to the stocks and $GME - i.e. stock movements, sharing information, peer review, news sharing, asking/answering questions, and so on. + +# Want to learn more? [Check out our extensive Wiki](https://www.reddit.com/r/Superstonk/wiki/index) and [FAQ](https://www.reddit.com/r/Superstonk/wiki/index/faq) + +If you see mistakes in the wiki, or need to contact moderators, [please send us a Modmail](https://www.reddit.com/message/compose?to=/r/Superstonk). + +Please review the [**Superstonk Rules**](https://www.reddit.com/r/Superstonk/wiki/index/rules) before commenting or posting on r/Superstonk. + +*Daily discussion threads are created at 4:00 a.m. EDT* +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: + +\[Income tax difference: One caveat here is that the real estate income is going to be protected to some degree by depreciation, especially in the early years, making the after-tax comparison to retirement account income different. For this exercise I'm assuming most of the depreciation benefits are used up by the 20 year mark so the income expectations from both scenarios are roughly equal. This is mainly to avoid getting too complicated at this stage but I would 100% have this modeled out before actually pulling the trigger. A smart investor would 1031 into something bigger to keep the depreciation benefits (and diversify) which would tip the scale in favor of the REI.\] +I know that these kinds of posts aren't well received here and usually get downvoted to oblivion, but please hear me out anyway. + +I've been an avid Bitcoin investor since November 2013. Some say that was probably one of the worst times to enter the world of Bitcoin and I agree to an extent, but that's not what this is about. Everyone who invests in volatile assets should be at peace with the possibility of losing money. Yes, I've lost money, and yes, I wish I hadn't, but that's not what concerns me in the long run. This is basically about the fact that I think that Bitcoin will never really have a future where it is treated like a serious currency. + +Let me just say that I do believe that Bitcoin is probably one of the most amazing technological inventions in the recent history. It is easy to transact with, it is anonymous to a large degree, it enables immediate transfer of value between any two actors in the world, it cannot be confiscated by authorities etc. It truly has the power to change how we think of money and value in these modern times. The upside for personal and financial liberty is simply astounding. + +So if Bitcoin is so great, then the question is why am I divesting? + +The answer is that people just don't care about it. They just don't. The price has been on a constant slide downwards for three straight quarters now, and this is despite the overall increased merchant adoption and relatively good press. Almost everyone has heard of Bitcoin by now and when asked what they think about it, they usually think it's a scam or some kind of failed internet money. + +Someone here once mentioned an analogy with a pig and gold: if you put a bar of gold before a pig, the pig won't see any value in it and it certainly won't know how to use it to improve its life. + +I don't want to refer to the majority of people as pigs, but the analogy still works. No matter how amazing and revolutionary Bitcoin is, most people just don't understand it, don't care about it and certainly don't see any value in it. They are ok with using their credit cards, government issued paper money and occasionally stocks. If a hyperinflation ever happens, they will get their wheelbarrows and deal with it then and there. As much as I want Bitcoin to have a bright and successful future, I think it's ultimately a misunderstood technology that requires a person of certain intellect and education to be able to appreciate it. Your average Joe Sixpack doesn't know what inflation is, doesn't have a problem with central banking and Keynesianism, and certainly doesn't have any major issues with the way the government does its business. + +When everyone is irrational and constantly mispricing something, as a rational actor you have to take that into account. I don't think humanity as a whole will suddenly have an intellectual breakthrough tomorrow. With that in mind, I am adjusting my position accordingly and will keep only a small amount of my wealth in Bitcoin from here on out. The risks are simply too great and the downside looks much bigger than the upside. I think it has had its day with the internet population (that's what ultimately brought the price where it is), and that any further adoption will be very hard at this point. The price appears to be reflecting that. + +Thanks for reading and be careful with your money. Wealth management is hard. +Hi, +I am finding it hard to calculate annual std deviation of list of stocks in Google sheet using Google finance APIs. +Anyone know any such sheet readily available online ? +I wish to follow same steps mentioned in https://www.investopedia.com/articles/investing/102715/computing-historical-volatility-excel.asp +I know we have low volatility index and index fund but my goal is to calculate myself in sheets. +Thanks for help +Thanks +[Danish bank launches world’s first negative interest rate mortgage](https://www.theguardian.com/money/2019/aug/13/danish-bank-launches-worlds-first-negative-interest-rate-mortgage). + +What are your views? + +What's the affect of this in Denmark itself? + +Affect in India? Overall world? +Net investments into equity and equity-linked schemes tumbled 95% over the preceding month to Rs 240.55 crore in June, according to data released by the Association of Mutual Funds in India. This was the third straight monthly drop. + +Yet the stock market is surging! What to make out of this ? +Currently in a decent position with a team that I like to work with. Not necessarily unhappy with my salary, but the recent increases to my salary is just under inflation (5%) and I see constant talk of "get a new job to get a raise". Do people not ask their existing employers for a raise anymore? I am assuming those who are underperforming probably won't get one, but just wondering if people don't bother anymore or something? The thought of applying for jobs, going through training, and then maybe finding out that the old position was a lot more relaxed and flexible, is frankly kinda daunting. +If you head over to the UKPersonalFinance subreddit there are people talking about 250% price increases on energy bills and other crazy measures of inflation. + +Does this concern anyone? +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 +Today was the first tweet RC tweeted during market hours since his [Power to the Players 🇺🇸 🇨🇦](https://twitter.com/ryancohen/status/1420411942846361612) tweet. Later that day GameStop announced it’s rebranding of EB Games in Canada. [Interesting](https://news.gamestop.com/news-releases/news-release-details/gamestop-rebrand-eb-games-canada). Announcement incoming? +27, 70k a year. + +Yearly Contributions + +401k - 19000 + +401k Match (5%) - 3500 + +Roth IRA - 6000 + +If I start with $30k, add $28.5 a year for 30 years with 7% compounding interest. I would have 3 Mil in the bank. Hell, if I did it for 20 years I would still have 1.3Mil. + +I could definitely get away living on 40k a year in retirement. Does this mean I can spend my extra money without guilt? +In my opinion, this is a very underrated and underutilised trade. + +It usually involves buying a deep ITM long dated put and selling short term OTM puts against it. I actually do things a little differently and use a ZEBRA (zero extrinsic back ratio) for the long, which tends to give me better delta for a lower cost and results in near zero extrinsic value to pay. + +I have been using this setup as my bread and butter for several years (including the great bull run) with good results. + +Why do I prefer PMCP over PMCC? Several reasons: + +1) Markets don't tend to crash upwards. The biggest risk with a PMCC (and indeed a regular CC) is bagholding the underlying as it crashes down and may or may not recover. Market-wide bad news, natural disasters, deaths, data leaks - there is an endless list of reasons why a stock might crash. On the contrary, outside of acquisitions/mergers there really aren't any reasons for a stock to spike up unexpectedly (ignoring earnings here as they're scheduled announcements). As is often preached equities tend to take the stairs up and the elevator down. + +2) Due to the IV skew in most equities, puts often have higher premiums than calls. As you're selling extrinsic value, you end up taking in more premium than you would with the equivalent delta call. + +3) This one is personal to me but I've found it easier to pick stocks that will fall or trend down than those that will go up. What can I say, I have the midas touch of 💩. Works perfectly for PMCP trades. + +Would love to have a discussion around this! +Assuming a lot of you are like me. New to theta strategies, a little to risky, not quite WSB but still a dummy. + +Is there a way to make an auto post on Fridays to discuss what we did wrong during the week or to close out the week. Basically the opposite of the daily morning post. Just a week end wrap up. + +I think this will be beneficial because it will show that being risky is just gambling and also how theta plays work in the long term because week by week you can see what someone did. + +I know there is a fine line drawn by the Mods, I don’t disagree with them, I just think that showing failures is as educational- if not more educational than showing wins(still keeping the $2k proof rule.) + +It’s like a support group for those of us who are still learning the better ways. +Assuming a lot of you are like me. New to theta strategies, a little to risky, not quite WSB but still a dummy. + +Is there a way to make an auto post on Fridays to discuss what we did wrong during the week or to close out the week. Basically the opposite of the daily morning post. Just a week end wrap up. + +I think this will be beneficial because it will show that being risky is just gambling and also how theta plays work in the long term because week by week you can see what someone did. + +I know there is a fine line drawn by the Mods, I don’t disagree with them, I just think that showing failures is as educational- if not more educational than showing wins(still keeping the $2k proof rule.) + +It’s like a support group for those of us who are still learning the better ways. +The IRS has published the new rules for the 2018 cycle [here](https://www.irs.gov/newsroom/irs-announces-2018-pension-plan-limitations-401k-contribution-limit-increases-to-18500-for-2018): + +The 401(k) contribution limit has been raised from $18,000 to $18,500 — the first jump in that ceiling since 2015. This also applies to 403(b)s, the majority of 457 plans and the federal government Thrift Savings Plan for 2018. + +No change to IRA contribution limits, however the phase out ranges have been increased: + +For those covered by a workplace retirement plan such as a 401(k), the income ranges for Traditional IRA deduction phaseouts now: + +- For single taxpayers with a workplace retirement plan, the deduction is phased out for those making $63,000 to $73,000, up from $62,000 to $72,000. + +- For married couples filing jointly, where the IRA contributor is covered by a workplace plan, the income phaseout range rises to $101,000 to $121,000, from a range of $99,000 to $119,000. + +- For couples where the individual contributor is not covered by a plan, but their spouse is, the income phaseout range climbs to $189,000 to $199,000 from $186,000 to $196,000. + +There were increases in the income phaseouts for Roth IRA contributions too: + +- For single taxpayers, the phaseout range is now $120,000 to $135,000, up from $118,000 to $133,000. And for married couples filing jointly, the income phase-out range is $189,000 to $199,000, up from $186,000 to $196,000. +I've been using Monzo for a couple of years and have nothing but good things to say, but the clutch of recent news stories about accounts being frozen or closed with reason or warning has me really worried. I've never gone full Monzo but I do use it for some savings and day to day spending. + +Is it just fear mongering? I don't have either the money or the will to go into battle if they arbitrarily freeze my account. The stories in that Facebook group are many and alarming. But Monzo's app is so amazing that I'm reluctant to move back to traditional banking. + +Has anyone found a similar but better account elsewhere? One that also has the money come out straight away when you spend? No charges abroad? Pots? I've heard Starling are better, but not entirely. + +https://www.vice.com/en_uk/article/bvg7n3/monzo-freezing-closing-accounts-complaints + +https://www.theguardian.com/money/2020/jan/18/monzo-account-freeze-app-fraud + +https://www.thisismoney.co.uk/money/saving/article-7601613/Digital-bank-Monzo-sending-customers-food-bank.html + +Edit: I'm really disappointed by the downvotes I'm getting for asking a very reasonable question. I expected better of this sub. +Now Richard Branson has sold another 10% of Virgin Galactic which he is the founder of. + +Virgin Galactic shares erase 2021 gains after Richard Branson's stake sale https://www.cnbc.com/2021/04/15/virgin-galactic-stock-erases-2021-gains-after-bransons-stake-sale.html?__source=iosappshare%7Ccom.apple.UIKit.activity.CopyToPasteboard + +Chamath last month sold his entire personal holdings in the company. + +https://www.cnbc.com/2021/03/05/chamath-palihapitiya-sells-virgin-galactic-spce-stake.html + +Recently the stock seemed to be way overpriced due to the whole WSB and GME craze as Virgin Galactic was the second most shorted company. Now it seems the stock is coming back to earth. + +They also have had lots of trouble with their space program due to engineering issues, specifically EMI or electromagnetic interference. This resulted in the new CEO letting go many people and delaying commercial operations until next year at earliest. + +So what are your thoughts on Virgin Galactic? Positions: current shareholder +Robert Shiller vs. Burton Malkiel + +[https://www.pairagraph.com/dialogue/c93c449006c344ce94e6e2e8fbe7aba3](https://www.pairagraph.com/dialogue/c93c449006c344ce94e6e2e8fbe7aba3) +I have around 1.2k to invest and already have $160 in btc, and $100 in eth2. I run side hustles selling energy drinks and snacks in school and have a job during summer. I just feel like i have potential while im young and have some money to start, im just not sure now days with all the youtube scams and such. +[https://www.reuters.com/markets/deals/amazon-buy-one-medical-35-billion-deal-2022-07-21/](https://www.reuters.com/markets/deals/amazon-buy-one-medical-35-billion-deal-2022-07-21/) + + July 21 (Reuters) - Amazon.com Inc [**(AMZN.O)**](https://www.reuters.com/companies/AMZN.O) on Thursday agreed to buy primary care provider One Medical [**(ONEM.O)**](https://www.reuters.com/companies/ONEM.O) for $3.49 billion, expanding the e-commerce giant's virtual care presence and adding some brick-and-mortar doctors' offices to its healthcare arsenal. + +The all-cash deal heralds a dramatic expansion of Amazon's healthcare ambitions, having piloted virtual care visits for Amazon employees in Seattle in 2019 before offering such services to other employers and in other cities under the Amazon Care brand. + + It also bought online pharmacy Pill Pack in 2018 and has partnered with Teladoc Health [**(TDOC.N)**](https://www.reuters.com/companies/TDOC.N) to help connect with doctors virtually through Alexa. + +"We think healthcare is high on the list of experiences that need reinvention," said Neil Lindsay, senior vice president of Amazon Health Services. + +In One Medical, Amazon will acquire a company with customers such as Airbnb Inc [**(ABNB.O)**](https://www.reuters.com/companies/ABNB.O) and Alphabet Inc's [**(GOOGL.O)**](https://www.reuters.com/companies/GOOGL.O) Google. +[https://www.reuters.com/markets/deals/amazon-buy-one-medical-35-billion-deal-2022-07-21/](https://www.reuters.com/markets/deals/amazon-buy-one-medical-35-billion-deal-2022-07-21/) + + July 21 (Reuters) - Amazon.com Inc [**(AMZN.O)**](https://www.reuters.com/companies/AMZN.O) on Thursday agreed to buy primary care provider One Medical [**(ONEM.O)**](https://www.reuters.com/companies/ONEM.O) for $3.49 billion, expanding the e-commerce giant's virtual care presence and adding some brick-and-mortar doctors' offices to its healthcare arsenal. + +The all-cash deal heralds a dramatic expansion of Amazon's healthcare ambitions, having piloted virtual care visits for Amazon employees in Seattle in 2019 before offering such services to other employers and in other cities under the Amazon Care brand. + + It also bought online pharmacy Pill Pack in 2018 and has partnered with Teladoc Health [**(TDOC.N)**](https://www.reuters.com/companies/TDOC.N) to help connect with doctors virtually through Alexa. + +"We think healthcare is high on the list of experiences that need reinvention," said Neil Lindsay, senior vice president of Amazon Health Services. + +In One Medical, Amazon will acquire a company with customers such as Airbnb Inc [**(ABNB.O)**](https://www.reuters.com/companies/ABNB.O) and Alphabet Inc's [**(GOOGL.O)**](https://www.reuters.com/companies/GOOGL.O) Google. +I cheer the economy reopening but I doubt we are out of the woods already. + https://www.cnbc.com/2020/05/26/stock-market-futures-open-to-close-news.html +It feels like it is odd that a date hasnt been announced as yet. Have been invested since before the sneeze and earnings since have come and gone in a blur with the usual hype and post crash. Had just occured to me previous earnings dates were announced a month or so in advance. Maybe I am remembering incorrectly? +New report just released today by California association of realtors. + +[https://www.car.org/en/marketdata/data/countysalesactivity](https://www.car.org/en/marketdata/data/countysalesactivity) +The HoodRat team has been working hard behind the scenes to create a strong base and focused on the product development. HoodRat is probably the most undervalued gem in the ecosystem, and is releasing something that the whole crypto community needs. + +These are the updates provided by the team (as seen on their Telegram): + +The team has met and has discussed various implementations and strategies to take our project further. Not only does this comprise of the development on a technical point of view, it also addresses our marketing campaign. + +1. We have decided to rebrand our Token's name in order to facilitate the adoption and make it more suitable to the general public. + +The unveiling of the name as well as the new visuals will be done as soon as it's done being re-designed, as well as the domain name being purchased, CMC/CG/BscScan/TrustWallet logo changed. This will also comprise of the modification of the How-To-Buy video as well as the previously announced promotional video. + +2. We will unveil the new name for the Scambuster tool at the same time. + +3. The website will be rebranded as well as having the final graphic charter in place. This will provide people and the team with clean Design Guidelines for further professionalism. + +4. The development of the Scambuster is advancing as expected. Currently it is functional to the bone, meaning only a command-line interfaced version exist. The next part of the development roadmap is to connect the back-end to the front-end and start developing the User Interface. + +5. The dApp page is functional, we will release a timeline as to when users will be able to connect their wallet, see their holdings and purchase Hoodrat directly on the website. A feature will also be added where it will detect how much you hold and see if you qualify to enter the Whales Club. The dApp page functionality is a part of the development of the Scambuster tool, as it is our Business Model component. + +6. A Teaser video announcing the beta release as well as the event around it (HoodRat Keynote) will be done and aligned with our marketing strategy. + +7. A beta private testing access will be opened (with marketing done for it as well, such as a contest) for a select few in order to gather last crucial User Experience information and fine tune more in prevision of the beta launch. + +8. More media will be created, with different supports which will make it easier for people to identify us, make it easier for holders to shill the project, as well as helps to improve the communications. + +9. We are in talks with several digital news outlets and will release articles as soon as the beta is out. Also in talks with a large (+1M) crypto community that charges 1 Bitcoin for a promotion on their website. Billboards are also in the plans. + +10. Dan (who is a speaker on David Gokhshtein's twitter spaces) will be presenting HoodRat as soon as our name is rebranded and the beta is out. This will be an exclusive presentation with a +200k crypto audience. Our tool is needed in the space and we will have the perfect channels to raise the awareness. + +11. Dan will also collect and get in touch with other crypto influencers as we plan to blast fully as soon as the tool is done. + +12. Our legal entity will be formed, as we are in the talks regarding statuses, equity and responsibility. This is a needed stepping stone as we can provide a greater investor confidence, provide NDAs for future collaborators and get in touch with the VC companies being interested in our project. + +13. Still inquiring on the fiat-to-crypto adoption service, which will make it easier for people to acquire Hoodrat. + +14. Our LP unlocks on November 13th, date when we can officially change the token's name (on the blockchain) and change chains as well, to steer away from BSC's centralized limitations and be more aligned with future regulations that will be imposed to us in the future. + +15. Starting today, we will re-organise the Admin and Moderating team in order to provide greater communications, as well as prepare more material which makes it easier and more structured for people to read. This is also done with the aim of reaching new communities (specific localized markets or other crypto communities). We will also redevelop our Discord, as well as making a platform dedicated entirely to developers who wish to contribute. A Medium page will also be done to increase further the need for communication regarding large updates. + +16. HoodRat will provide a contract review/Audit service as part of our project, and will be facilitated after our Beta release. + +If you have any further questions, the team will be glad to answer. Thank you for your support and understanding, let's see you in the finishing line!! ❤️❤️ + +Rug pulls don’t only affect investors, they affect the entire crypto community. This is why we exist and what our vision is, to identify rug pulls BEFORE they happen and give investors peace of mind. + +✔️ CoinGecko Listing + +✔️ Stocktwits Listing + +✔️ Delta Listing + +✔️Doxxed Team + +✔️Celebrity Endorsed + +✅🧀🐀BUY HERE🐀🧀✅ + +[https://exchange.pancakeswap.finance/#/swap?outputCurrency=0xb54a58cdc7d3fefd93ea4454e0c1a23da8bedc6f](https://exchange.pancakeswap.finance/#/swap?outputCurrency=0xb54a58cdc7d3fefd93ea4454e0c1a23da8bedc6f) + +🧀 Contract: 0xb54a58cdc7d3fefd93ea4454e0c1a23da8bedc6f + +🧀 1,000,000,000 Total Supply + +🧀 50% of supply burnt after adding to Pancakeswap + +🧀 5% Of Every Transaction is automatically burnt + +🧀 5% Of Every Transaction Redistributed To Holders + +🧀Locked Liquidity + +THE DOXED TEAM: + +Made up of talented developers, strategists and marketers who all worked for Fortune 500 companies with over 20 years experience in the technical consulting sector, 5 years in the high-tech industry and 10 years in the financial sector. + +—— + +Website: [https://hoodrat.finance](https://hoodrat.finance) + +TG: [https://t.me/HoodratOfficial](https://t.me/HoodratOfficial) + +Twitter: [https://twitter.com/FinanceHoodrat](https://twitter.com/FinanceHoodrat) + +Twitch AMAs: [twitch.tv/hoodrattoken](https://twitch.tv/hoodrattoken) +I am starting to dabble in the stock market, nothing major, mostly just doing things without money right now, researching companies, learning how things work etc. I know there is a lot of talk about passive investing like ETF's etc which I actually have done already somewhat with my TFSA(at least part of it) + +However, I do have some interest in the market itself. I am sure many will say don't do it , stick to passive investing, less risk etc but putting some money into it I am interested in doing so. + +I was curious on what you guys do for your researching? I have noticed a lot putting in company names, stock name etc on Google there first 20 results that come up are usually under the AD Category meaning what you are reading someone paid Google to put higher in the rankings so it is hard to consider what is and is not legit up there and even then it is usually people's opinions of course. + +Reading the companies reports, researching their competition, there history of growth, management team, if the company themselves are purchasing their own stocks etc etc + +Just looking at perhaps some tips for a rookie on how the more seasoned investors might do research on things. + +Also, any tips on learning the stock market better is also useful, sure there are a billion youtube videos out there on how to make billions but weeding out what is good and what is not. + +So in a nutshell of my rambling + +1. Research tips before you buy stocks +2. Tips of learning the stock market + +Thanks all +Hi all, + +I recently met a recruiter to discuss opportunities in the market, specifically for project management roles (where I've predominately had design experience, however wanted to know what the market had to offer). Long story short, he pretty much instantly said what I was being paid 6 years out of University is too high (102k includes super), mentioned I should be getting about 80k. + +He then mentioned that engineers with 15 years experience earn about 120k tops. He began telling me that I should go for Project Officer roles (which is fair, because this is an intro role). + +Generally, in your experience dealing with recruiters, have they ever taken a moment to just slow down and actually not rush the whole process? My first discussion with this recruiter was "I can get you an interview tomorrow!". I just don't believe they work in the best interest of finding you that next, best role. I felt, especially with the salary discussion, that he's employing some kind of psychological approach to get me to accept roles that he's seeking candidates for where the company is essentially paying less. + +It would be great to get your thoughts and whether you believe recruiters are even worth your time? I understand, in certain circumstances they may be a godsend, but if you've got a stable job and are just feeling the market, I feel as though they're just wasting your time and employing silly tactics to get you onto another job quickly so they get commission. +# General Advice Mega-Thread +\-=-=-=-=- + +Welcome to the /r/AusFinance "General Advice" Mega Thread! + +We are trialing a "General Advice" mega-thread where sub members can post their own situations, goals, feedback, ideas, or requests for general advice. +**IMPORTANT: READ THE THREAD RULES BELOW** + +# What happens here? +The goal is to have a safe space for common "what should I do?" questions, while supporting more original and interesting content in their own posts. +**Stand-alone "advice" posts will likely be locked or removed and directed to this thread.** + +AusFinance is designed to help people of all abilities, at all stages in your financial journey. We want to democratise personal financial knowledge. + +The collective experience of the AusFinance community is one of the most powerful ways to help Aussies improve their financial abilities. Whether you are just starting out, or already have advanced knowledge, there's always something new to learn. + +Let us know what you need help with! + +# Thread Rules +All [sub rules](https://www.reddit.com/r/AusFinance/about/rules) are still in effect, including Rule 5: No personal or legal advice. + +**Do not provide:** + +* Recommendations for specific financial products or financial assets. +* Legal advice +* Statement of opinion or recommendation for a product that could reasonably be regarded as intending to influence + +Refer to ASIC Regulatory Guides for more information: + +* [RG 36 Licensing: Financial product advice and dealing](https://asic.gov.au/regulatory-resources/find-a-document/regulatory-guides/rg-36-licensing-financial-product-advice-and-dealing/) +* [RG 244 Giving information, general advice and scaled advice](https://asic.gov.au/regulatory-resources/find-a-document/regulatory-guides/rg-244-giving-information-general-advice-and-scaled-advice/) + + +**Posts/Comments can include:** + +* factual information +* general advice or principles +* generic classes of financial products +* broad asset allocation opinions +* ideas to consider +* personal experiences +* practical guidance (e.g. steps to achieve an outcome) +* risk management strategies, including types of insurance +* business structuring strategies +* options about debt/equity structures +* loans or debt management strategies and structures +* acquisition methods (e.g. gearing, leasing, hire-purchase, loans) +* discussions about direct real property or physical assets for investment purposes EXCEPT when purchased via an SMSF. + +# Receiving Personal Advice + +TL;DR: Don't take advice from Reddit. Talk to a licenced financial services provider. + +The information in this thread is provided as an information service only and, therefore, does not constitute, and should not be relied upon as, financial product or legal advice. +None of the information provided takes into account your personal objectives, financial situation or needs, and you will need to make your own decision about how to proceed. +Alternatively, for financial product advice that takes account of your particular objectives, financial situation or needs, you should consider seeking financial advice from an Australian Financial Services licensee before making a financial decision. +Advice from a lawyer should be obtained in relation to requests for assistance with trusts, wills, agreements or other legal documents or proceedings. + +\-=-=-=-=- + +Thank you for being part of the AusFinance community! +I didn’t really know where to post this. But figured maybe someone on here could tell me if this guy was just playing me. + +My friend and I ate at a restaurant a month ago. The meal came to $170. The owner ran my credit card twice and told me it didn’t go through, and my friend ended up paying. + +Two weeks later I realize that my card was charged twice for $170. Confirmed with my friend that his card was also charged. + +I contacted the owner. I was polite at first and gave him time but he kept delaying. Told me the charges would “automatically appear as credits” when I get the statement. They didn’t. + +Eventually he flat out refused to reimburse me, so I ended up initiating a charge back. + +Here is his word for word explanation of what happened after he realized I did the charge back: + +Hi + +We just got our monthly report +For april 16th. +As per our report we didn’t have your charge. But on the closing transactions we do have those charges. Since it was reported as charge back. +The credit card company will credit back your account. +On that particular day there was internet outage and your card went thru but not on our daily charge report. That’s the reason we were not able to process your credit and I can prove it on our side and our closing statement we didn’t have your charge. +Thanks for your patience +Your card will be credited for that amount of $ 169.85 +And $ 169 83 + +Thanks for going thru the trouble on your end and our end. +One of their tips: "Keep the majority of your crypto offline in a hardware wallet. Only keep the funds you need for trading and other activities on Kraken." + +The fact that they want people to get crypto off their platform is an indicator that they are customer-centric. They'd benefit if people kept it there because they could use customer's crypto to stake it themselves and make a wagonload of money. + +It's good for the crypto space that we have exchanges that are doing their best for customers. We win, they win. I doubt Kraken is perfect, because who is? They are trying, and that's what matters to me. + +I'm not sponsored by them, check my comment history, I'm just a random customer. I am currently using Binance US, Coinbase Pro, Voyager as well, so if you have questions about them, I'll answer what I know. + +Side note if Kraken is reading this: Please allow us to do ACH deposit! :) +It's been a wild week - especially for those who were on the GME train - and I just wanted to say that I'm grateful that this sub exists. After that roller coaster ride, it's incredibly calming and gratifying to read clear, intelligent ideas in this sub when the world is going insane. I could actually feel my head clearing up as I go. This sub is like the online equivalent of a nice, hot cup of matcha tea. Thanks, all. +Since this post([https://www.reddit.com/r/fatFIRE/comments/lpeuj6/came\_too\_fast\_reach\_our\_number\_today/](https://www.reddit.com/r/fatFIRE/comments/lpeuj6/came_too_fast_reach_our_number_today/) 5 months ago, our investment accounts been highly volatile. For example: two of our investment accounts are down 1M (offset by investment/RSU gains in other accounts) since peak in Feb due to China regulation panic and growth stock dump while overall indicies are making all time high. In the span of last week, these two accounts went down by 300K, these volatilities are no joke. Overall our net worth remain 7.3M as of today, similar amount to 5 months ago, but experiencing heck of volatility. + + +Spouse is still on target to RE end of this year and will be walking away from 3M RSU. I am thinking of exiting end of next year and will prolly be walking away from 600K RSU. Spouse enjoys the job but has a burning hobby to pursue, so not really interested in trading time for more money. + +Few things causes me not feeling the psychological safety of savings meeting the spending: + +1. We have a large margin loan in our investments accounts that has yet been deleverage (not really want to either, because we like the positions) +2. Volatility of the market, and I think volatility will continue to increase. +3. Unknowns. + +Out post tax needs is 150K, maybe expand cushion to include 200K pretax. It feels crazy that a drop in one week is our two years spending needs. I know all the math covers these spending numbers, but the market is giving me psychological unease. Anyone has similar numbers and took the RE dive with tales to share, hopefully more positive tales thank negative tales. +There was just a post with 500 comments about finra’s new si report. It was up 5 minutes and got deleted. They are only letting negative posts about gme slide thru the auto bots. Mods are shills + +Update: +I also believe r/wallstreetbetsnew may be compromised. There is a lot of bot posting going on in there telling people to buy stocks. Be aware of nakd, sndl, and other booming stocks bots are mentioning. They are growing but I believe them to be pump and dumps. +Tell me your thoughts on this. I've been running some spreadsheets and keep coming up with the Assets Under Management fees as being a HUGE drain on my retirement accounts. Here's my situation and numbers (I've rounded the numbers to simplify the example) + + +Roth IRA account with $100,000 +Our income is too high to add more to it, so the account will just grow on it's own. +25 years before I need the money +8% return in a low-fee index fund, .85% AUM fee + +Here's the results I get in Excel. After 25 years: +Balance with AUM: $562,000 +Balance withOUT AUM: $685,000 +Difference: 21%, or $122,759 + +So, if I take out 4% a year in retirement, that's $22,500 with AUM, and $27,000 without. And that's not really a fair comparison, because the AUM account still takes .85% per year. So if I take 4.85% out of the non-AUM account, that's $33,200. + +That's a 50% increase in my retirement income! Or, looking the opposite way, my financial advisor is taking 1/3 of my potential retirement income. What a terrible deal! Can you imagine if they pitched this up front? + +"I will hold your Roth IRA for 25 years, but do no active managment. My fee during those years will be $123,000 on your account that currently only has $100,000 in it." + +I just don't understand the justification. I assume everyone is just ignorant of this fact. And as long as their account goes up, they are happy. +I get the buy and hold strategy, but with obvious difficult months ahead I couldn’t bring myself to sit and watch my portfolio go down- I’d rather sell whilst I’m up and sit on the sidelines for a bit. I sold most shares last week and finished selling this morning. Bought a surface sanitiser small cap for a punt- might put a trailing sell order on them at some point; not a long term purchase. + +I know this group is very ETF / buy and hold friendly. Feel free to rate my stupidity! I’d be keen to hear of others who have made interesting choices in light of unfolding events. +Hi! I'm 33 living in Czech Republic. I want to start investing for retirement and want to spend as little time and effort as possible doing it. +I'm thinking of starting with €1000 initial sum and then do monthly €100. And more when I get comfortable with this and see how things work. +From my limited research ETFs (accumulating ones) seem like the best option for me as I would avoid taxation and suffer relatively low fees only. And ETFmatic seems like a good fit as I don't really have the desire to be a very active or involved investor. +My questions are: + +1) Is there a better option than ETFmatic for what I'm planning to do as a small passive investor? +2) I came across the name Degiro when reading reddit and looking for other low fee options. What's the difference for me compared to ETFmatic? Would I have to be more informed and involved to start investing there? +3) Is there something else I should learn about before I actually start sending money somewhere? + +Investing is definitely not something I'm passionate about and I probably should have started a long time ago. It just seemed like such a daunting task with so much to learn that I kept postponing it. So, any help will be much appreciated so that I finally actually start doing it. +Thank you! +Hello all, + +I am looking for a good option to put my emergency money (\~ 9k €). I already take part of my salary for investments in stocks and bonds, but for this money I am looking for **safe** and **easy-to-withdraw** solutions, in case anything happens. What are the most convenient choices here in Europe? I know that [Svea bank](https://www.svea.com/) has 0.8% yield. + +Do you people know of any alternatives? + +Cheers! +Hi team. +VWCE is being mentioned in almost every discussion on this and other financial forums. Why is it so popular? Why is everyone jumping on it after it was added to Degiro core selection? Specially people who were investing in IWDA+EMIM. +Sometimes I have a feeling that Vanguard is doing a great marketing campaign. +There are some nice advantages of iShares ETFs (lower ter, Amsterdam exchange (for Dutch investors), bigger size, older) but still everyone is mentioning mostly VWCE. +Hi! I'm 33 living in Czech Republic. I want to start investing for retirement and want to spend as little time and effort as possible doing it. +I'm thinking of starting with €1000 initial sum and then do monthly €100. And more when I get comfortable with this and see how things work. +From my limited research ETFs (accumulating ones) seem like the best option for me as I would avoid taxation and suffer relatively low fees only. And ETFmatic seems like a good fit as I don't really have the desire to be a very active or involved investor. +My questions are: + +1) Is there a better option than ETFmatic for what I'm planning to do as a small passive investor? +2) I came across the name Degiro when reading reddit and looking for other low fee options. What's the difference for me compared to ETFmatic? Would I have to be more informed and involved to start investing there? +3) Is there something else I should learn about before I actually start sending money somewhere? + +Investing is definitely not something I'm passionate about and I probably should have started a long time ago. It just seemed like such a daunting task with so much to learn that I kept postponing it. So, any help will be much appreciated so that I finally actually start doing it. +Thank you! +**Update**: Thanks for all the feedback folks! I wrote this up pretty quickly, and in hindsight I would have spent more time on the upside and downside catalysts ('bull case' and 'bear case'?). I would have also ran a 10-year forecast, used a lower RFR and a lower terminal value commencing at end of 10-year forecast. + +Hi folks, been invested in FB for a bit over a year and entered into first position at \~$160. With 30% YTD increase in share price and recent run-up of tech I thought I would write a quick long thesis on why I am still invested. I know this is a US stock but if this type of post is useful i might give it a spin for the Canadian market. + +**Disclaimer**: This is not investment advice and I am not a licensed investment professional. this post is purely for for discussion purposes. Invest at your own risk. + +**Summary**: + +* **Current Price**: $302 per share +* **Target Price**: $350 per share +* **Implied upside**: 16% + +**Commercial** + +* Monthly active users ("MAU") grew 8% y/y to 2.5 billion in 2019. Growth in the US, Canada and Europe was flat y/y with primary growth from Asia-Pacific and Rest of World +* Average revenue per user ("ARPU") grew 17% y/y to $29.25 in 2019. On a constant market-by-market basis, ARPU grew 24% in the United States & Canada, 20% in Europe, 18% in Asia‑Pacific, and 16% in Rest of World. +* FB continues to innovate product offering and has recently launched *Reels* and *Instagram Shop* which should continue to monetize platform and grow ARPU +* Consumers are increasingly purchasing online, accelerated by adoption due to COVID-19. Older and wealthier demographic, which has been the slowest adopt online shopping have been introduced to online economy out of necessity. + +**Risks** + +* US anti-trust legislation, consumer privacy and content moderation hang over stock and could increase run-rate cost structure +* Though not yet played out, consumer spending decrease could cause online advertising spend to decrease, causing short-term volatility to earnings +* New platforms such as TikTok could take away market share from younger demographic and eat into long-term growth in MAU and ARPU + +**Forecast Assumptions** + +* **Sales**: Growth of 18% in 2020, decreasing steadily to 12% in 2024 in line with historical trend, and ARPU and MAU growth. Consumer sentiment continues for remainder of year and holiday spending season. +* **Cost structure**: 45% sustainable EBITDA margin and 22% capex load, which includes investments to content moderation, internal product development, and server expansion to support growth in content and video. +* **Tax** increasing to 28% to account for proposal from democrats to add conservatism + +[FB Forecast Assumptions](https://preview.redd.it/29yau7klytk51.png?width=971&format=png&auto=webp&s=217ffd3b981de0ebe6347577dfa358ca95fc5646) + +**Capital Structure** + +* 91% equity financed; 9% debt +* Cash reserves fully cover debt, resulting in net cash balance of $47B + +**Cost of Capital:** 7.75% based on: + +* ERP of 5.5% +* 5-year monthly Beta of 1.2 x +* Cost of debt of 1.8% +* Risk free rate of 1.7% (Higher than conventional RFR. used this as a 'plug' to increase discount rate to account for historically low interest rates and uncertainty of anti-trust legislation) +* Terminal Growth Rate of 6% (slightly higher than I would typically use, but felt appropriate given current growth rate trends, population growth and industry) + +**Intrinsic Value Calculation** + +[FB Intrinsic Value Calculation](https://preview.redd.it/n1tnv0giytk51.png?width=665&format=png&auto=webp&s=8b7e9be4debe117faf8c2a10a6a943a787264a94) + +**Comps Analysis & Football** + +* Very few comps to work with here given nature of industry. Focus of quality over quantify in comps. +* FB offers exceedingly good value in terms of both growth and valuation in comparison to peers, trading at roughly the same TEV/EBITDA to Alphabet but growing at twice the pace. + +[FB Valuation Comps](https://preview.redd.it/j65wh4wcytk51.png?width=1124&format=png&auto=webp&s=5304104992426a4f7bd11ec5720b99a3f0fcd3e2) + +[FB Operating Comps](https://preview.redd.it/og8po9naytk51.png?width=1132&format=png&auto=webp&s=57cc5db8ece159be2d646696135849503e25db5d) + +&#x200B; + +[FB Valuation Chart](https://preview.redd.it/6kef080gytk51.png?width=836&format=png&auto=webp&s=6f27dddccaf608e2058f1c3dc84cb6e77b276cea) + +**Conclusion** + +* Based on intrinsic value calculation and comparative company analysis, $350 price target appears appropriate +* The stock offers good value in comparison to the remaining tech sector and a good trade off of growth and value +TORONTO -- Canadian Tire Corp. Ltd. reported a loss in its latest quarter as sales fell due to the steps taken to slow the spread of COVID-19, including the temporary closure of its SportChek and Mark's stores. + +The retailer says its loss attributable shareholders totalled $13.3 million or 22 cents per diluted share for the quarter. + +That compared with a profit attributable to shareholders of $69.7 million or $1.12 per diluted share a year ago. + +Retail sales for the quarter were nearly $2.76 billion, down from $2.83 billion in the same quarter a year earlier. + +On a normalized basis, Canadian Tire says it lost 13 cents per share for the quarter compared with a normalized profit of $1.12 per share in the first quarter of 2019. + +Analysts on average had expected a loss of 11 cents per share and $2.79 billion in revenue, according to financial markets data firm Refinitiv. + +https://www.bnnbloomberg.ca/canadian-tire-reports-q1-loss-sales-fall-amid-store-closures-1.1432753 +It’s difficult to compare Premium Bonds with other savings accounts, because Premium Bonds don’t pay interest. Closer to a lottery, they pay out using a complex system of prizes and you probably won’t achieve the headline rate of 1.4%. + +To help with my own decision making, I wrote a short program to estimate the likely prizes, and I’ve published this as a website - [https://premiumbondsprizes.com](https://premiumbondsprizes.com) \- in case it’s of use to anyone else. There’s another well-known calculator published by MSE but it seems to me that it doesn’t present the results in a particularly useful way. + +I should caveat that my system makes an important simplifying assumption. In reality, if one of your £1 bonds wins a £25 prize in a month, then that slightly reduces the likelihood of your other bonds also winning a £25 prize in that same month. By ignoring this detail, my system estimates the probability of winning each possible prize for a given investment very quickly. This technique would not be suitable for calculating the chances of winning much larger prizes, but if you’re treating Premium Bonds as an investment rather than a lottery then you’re probably not interested in those larger prizes. + +So what have I found? + +**Unsurprisingly, Premium Bonds become a better investment the more you have to invest.** + +[£1,000 for a year](https://premiumbondsprizes.com#1000) and you probably won’t win anything at all - you need a little over [£1,400](https://premiumbondsprizes.com/#1416) to have more than a 50% chance of winning at least the minimum prize of £25 once a year. Increase your investment to [£6,000](https://premiumbondsprizes.com/#6000) and you still have a 5% chance of winning nothing over a year, but now the median prize (that is, the prize you’ll win “with average luck”) is £75 and each year you’d have around a 10% chance of winning £150 or more. + +**The more you invest, the more predictable your returns are.** + +Prizes are each a multiple of £25, and so the median interest rate doesn’t necessarily increase as you increase your investment: for example the median return at [£50,000](https://premiumbondsprizes.com/#50000) is 1.25%, the same as it was at £6,000. Instead we need to look at how predictable your winnings will be: if you are in the least lucky 10% of investors, say, then at £6,000 you’d earn at most 0.42% while at £50,000 it’s 0.95%. + +**Even at the maximum investment of £50,000, luck will play a big role.** + +This surprised me. Investing [£50,000](https://premiumbondsprizes.com/#50000), there’s still quite a range of possible returns: the unluckiest 10% of investors will earn at most £475 over a year, while the luckiest 10% get at least £850. So even if you invest a large amount, there isn't really a guarantee of getting a good return. You can invest more as a couple, or with accounts for children as well, and then range does close up a bit, and my calculator will estimate your returns up to [£200,000](https://premiumbondsprizes.com/#200000). +I just saw this on Bloomberg - Revolut launching their new "payday" product, doing their part to "improve everyone's financial wellbeing" [https://www.revolut.com/payday](https://www.revolut.com/payday) + +Now Technically it's not a payday loan as "you're getting early access to money you earned." It's a simple salary advance. + +Of course the glaring issue with this is come actual payday, the customer is going to effectively be paid less, fair enough. But come next payday... are they going to have enough money to do cover the full month? Or will they need another salary advance again? This can quickly become messy and trap users in a cycle. The exact same cycle payday lenders relied on... + +Yes payday lenders charged extortionate rates, but the \*real issue\* with payday loans was the cycle of lending people got trapped in, needing to borrow each month due to paying back the last loan. Revolut don't have the extortionate APRs, but do charge "a small fee" for the privilege. No idea what happens if things start to go bad as there's no detail on that sparse webpage. + +Now I know most users on this sub won't ever need to use this, or would only do so if they really needed to and budge their way back into the black... but most revolut customers aren't members of this subreddit. + +Having worked in lending, specifically at ethical lenders looking to get people away from high cost predatory credit, this scheme just raises alarm bells to me, specially as these aren't are salary advances not loans. Due to this, these schemes aren't covered by any consumer credit regs or any other FCA regs, which is likely why Revolut are doing it. No mucking around with affordability checks or credit checking... and Revolut don't need to report this to any credit agencies, meaning customers if go on to borrow from elsewhere, the other lenders won't necessarily know they have this potential ongoing affordability issue with Revolut. + +Now, apart from the issues I have with the product, the thing that irks me is it's all marketed under the guise of "financial wellbeing" and improving "mental health", when in reality often schemes like this achieve is the opposite. + +*Now granted there is, quite, a barrier to entry with this scheme* + +>"Employers will have to agree to participate, giving Revolut access to its payroll system so it knows how much employees are earning and how much it can front them. The service will be free for employers" but the way this is advertised as "a way to meet unexpected expenses" "an alternative to payday loans" + +Given the above so it might be DOA but still, I don't like this rise of debt encouragement through non traditional lending products. + +It reminds me a little bit of the same issues I can see with Klarna, encouraging borrowing under the guise of "financial wellbeing", "spread the cost" "make it more affordable." + +Basically, if you want to encourage financial wellbeing & mental health, why are Revolut not using this payroll integrated system they have built to take x % of a customers salary and put it into an "emergency" fund the customer can access when they actually need it... (i know the answer don't worry - if you don't, it's because revolut dont make money doing that) + +Financial wellbeing comes from saving, not the stress of needing an unregulated salary advance to cover an unexpected bill. + +I don't like it. + +*just wanted to rant.* +[Link to interview.](https://www.youtube.com/watch?v=7WxfQ2zKXeA&feature=youtu.be) + +Some key points: + +* Capital markets in developed countries are now in the control of central banks, valuation ratios etc don't matter right now due to liquidity completely skewing risk premiums. +* You don't want to hold cash or bonds due to negative real rates. +* Look for stores of wealth - equities, gold etc +* Limiting factor for money printing is confidence/demand for USD. This only can happen if there is a credible alternative to go into - e.g. crpyto, RMB or some other new reserve currency. + +Given the fact that Term life insurance only covers death what if we met with an accident and loss our limb / limbs , PTD ( Permanent Total Disablement) and TTD ( Temporary Total Disablement) etc. There is also a chance of getting affected by critical illness. + +P.S. I have only term life insurance without any riders with LIC. Which company offers these riders ? +Went to drop off my non-renewal notice to apartment complex management office. The two ladies in their were talking to one another while I signed paperwork. “Girl, I rented out a unit yesterday, $1250 for a studio…so tiny no washer or dryer, it’s nearly the size of my walk in closet in my house!” + + +Her coworker says “oh girl Wow that’s great congratulations!” + +I can only guess they get commissions in renting out these subpar units at these insane rates and to have these two blatantly brag about it in front of me—infuriating. + +She then said she’d have to do a walkthrough of my unit next week to see what I am going to be charged for. She’s Assuming I’m leaving the place damaged I guess. + +Disgusting, pay more than a mortgage for a rat hole rented out by slumlords to have the privileged being charged for every little thing. + +They asked why I’m not renewing and I told them we’ve had 5 work orders go unresolved and it’s not acceptable. Then told her we are moving into 5 bedroom 4 bathroom home for $550 a month. The look on their face was priceless. + +Apartment Complexes are a scam. +Ok, ppl one of our fellow etherians created a slack for coordination, please join +https://thekrakened.slack.com/shared_invite/MTgwMzY2NDE1NTA0LTE0OTQzNTgxMzAtZmE3MmYyZjY2Zg +Since the Game squeeze has everyone interested in stocks, and the way regular folks are kept drown by the big money investors, why don't we all band together to lobby for the elimination of day trading restrictions? 25,000 dollars is just out of reach enough that most people will not be able to afford to day trade. + +This rule is in place only to keep poor people from making money in the stock market. Period. + +In USA we supposedly value the "free market". Let us use democracy to make the stock market accessible to the rest of us. + +Help get this post trending or make your own better, more convincing post. + +EDIT: I guess what I want personally is instant settled funds to not be subject to the restrictions, not necessarily margin accounts +Gather round, apes and apettes, grab that vintage box of crayons you were saving for something special, and get comfortable. Oh, first- **HEY GABE!!!!** [Gabe's been struggling lately-](https://finance.yahoo.com/news/melvin-t-shake-reddit-attack-205148761.html) + +[I needed a reason to link this 100&#37; real completely non-satirical article from July 7th just one more time](https://preview.redd.it/84qap5rw1pb71.png?width=680&format=png&auto=webp&s=3b2b6f6b0fdf94547d6ca63ab14b5118cad9a50e) + +Look at that beautiful, gaping mouth-hole.... srsly Gabe, open invitation to scour *my* message boards *any* time you want..... because this ***especially vicious*** reddit trader is about to get DOWNRIGHT SAVAGE...... with stats. 😮 🙈🙉🙊 + +First, what in the fuck am I talking about? These little doodads that everyone keeps noticing- credit to [u/shiftyasiankid](https://www.reddit.com/u/shiftyasiankid/) for grabbing the pic of GME's 3/10 flash crash from a rensole morning post- + +[If I haven't gotten my point across, they're fucking everywhere. GME's flash crash on 3\/10\/21 was especially fun!](https://preview.redd.it/bdjboz2jtpb71.png?width=1115&format=png&auto=webp&s=e1871f9a6b373d82cc33c7fd2b1af62afc2d2439) + +Gabe's data scientist have given us ***all sorts*** of fascinating explanations for these lines *other* than "they're market sweep orders." The first round has to do with some VERY fat fingers: + +>1) Some trader fat-fingered their limit order +> +>2) Some broker fat-fingered the trade order + +Ok seriously, trades are not performed by a bunch of monkeys in a back room, it's 99.9% electronic (unless you're one of those 0.1%'er shady fucks trading out of Philadelphia), and by the way you guys think about fat fingers *a lot.* 🍆 Also, even **IF** some poor ape did accidentally enter a limit order ***buy*** for $69,420.00, your broker is required by law (the Order Protection Rule) to buy your share at the ***National Best Offer****,* or the lowest ask $ available among all visible exchanges (what you see in the level 2 data). + +[If you want the gory details, they're discussed in here.](https://www.reddit.com/r/Superstonk/comments/ok1bta/the_intermarket_sweep_aka_the_straight_upanddown/) Basically there are usually only 2 reasons that a trade can ever occur ***outside*** the bid:ask range (aka the national best bid/offer or NBBO): 1) ~~some high-frequency jackass submitted 1,000,000 trades in the same millisecond and~~ the computer system responsible for calculating the prices gets .... overloaded .... for no particular reason .... and trades are *not* canceled if it turns out they were outside the NBBO after the computer catches up ([~~this is called "quote stuffing"~~](https://www.investopedia.com/terms/q/quote-stuffing.asp) totally not something ***anyone*** would ***ever*** do on purpose). OR, 2) the trade is marked with trade condition "trade-through exempt" or "611-exempt." [Here's rule 611 from the SEC.](https://www.sec.gov/spotlight/emsac/memo-rule-611-regulation-nms.pdf) As I understand it, the type of trade that is given most frequently given this status in U.S. markets is... + +# The inter-market sweep, or sweep-to-fill order. + +[Here's an ibrokers page that explains what the hell](https://ibkr.info/node/1734). And if you prefer English to Engrish, [here's Investopedia on Sweep-to-Fill](https://www.investopedia.com/terms/s/sweeptofillorder.asp). In summary, sweep-to-fill orders: a) value speed over price- the trader overpays when buying and undervalues when selling- just to get the order done quicker; b) are used **exclusively** by **high-frequency-traders and their trading algorithms,** and they happen very commonly; and c) just happen to show up in HUGE numbers during flash crashes. [Sweeps are covered in FAR too much detail in this previous post](https://www.reddit.com/r/Superstonk/comments/ok1bta/the_intermarket_sweep_aka_the_straight_upanddown/), if you're wanting further info. + +Okay so back to Gabe's data scientists- this next batch of explanations has to do with the poor quality of our trading platforms because our plebeian asses can't afford a bloomberg- + +>3) It's just a graphics glitch (***classic***) +> +>4) It's just carry-over from previous time and sales data points showing up under the wrong candle (*uhm?*) (*more code for lul @ ur poor-person's trading platform graphics glitch??*) +> +>5) It's just canceled trades showing up on your ~~dumb poor-person's~~ trading platform + +Okay so no, no, and no, these trades are in the actual raw data and aren't designated as canceled, more on that below. Sooooo.... nothing to do with any graphics effects. The final round of explanations centers on data and data quality: + +>6) Those are just smoothing errors from the UI +> +>7) Your ~~plebian~~ trading system is bad at averaging and spits out bad values +> +>8) Seriously your data must be bad somehow + +So no and no, because I said *raw data*, meaning no smoothing or fuckery has touched it yet*.* And to number 8..... yea again ***no*** because ***raw data***. + +SO LET'S TALK DATA!! Who in the hell makes those numbers show up on our computers, anyway?? Well, the numbers are compiled by "Securities Information Processors" or SIPs from 6 main data feeds, depending on what exchange the stock is listed on. For **all NYSE-based stocks**, the publicly distributed data is managed by the [Consolidated Tape Assosiation](https://www.ctaplan.com/index) or CTA (yes that's what we need, MORE ACRONYMS): + +[If you've got real-time data on a NYSE-listed stock, it's CTS data showing the price and CQS data showing the bid\/ask from the CTA and SERIOUSLY FUCK THESE ACRONYMS](https://preview.redd.it/hrvd35y3iqb71.png?width=858&format=png&auto=webp&s=e88816c0d689d5878701c369d4fe9b7e3055339c) + +[Here's the wiki page if you're like me and need a REALLY SLOW explanation](https://en.wikipedia.org/wiki/Consolidated_Tape_Association). [Here's investopedia to explain the same thing in a different way.](https://www.investopedia.com/terms/c/consolidatedtape.asp) Basically these SIPs spit out the price/bid/ask information for all our brokerage systems, and yes, ***if you live on planet Earth and use a display trading system with*** [real-time quotes](https://www.investopedia.com/terms/r/real-time-quote.asp)***, your brokerage firm is paying for access to THIS SAME data feed that we all see.*** Think about it logically- this is the only way that we can all trade, simultaneously, while still being protected by the "order protection rule" (making sure our trades land within the NBBO). Don't argue with me, [argue with the SEC, and this VERY long National Market Systems rule](https://www.sec.gov/rules/final/34-51808.pdf): + +https://preview.redd.it/acsyzlf4ttb71.png?width=813&format=png&auto=webp&s=37095105c455e708a941168a3ed43b5f004a41f7 + +If you saw that the pdf was 523 pages long and immediately shat yourself, I got you covered: [Reg NMS for dummies](https://www.nasdaq.com/articles/reg-nms-dummies-2019-05-09). Reg NMS is actually the only reason CTA exists, see [this site explaining NYSE data feeds](https://www.exegy.com/2019/12/consolidated-tape-nyse-feeds/): + +https://preview.redd.it/3c6836uxutb71.png?width=932&format=png&auto=webp&s=e61a259291924c38818888f93728647e28387a51 + +What does this mean? + +# It means the burden rests with exchanges and other "self-regulated organizations" to report accurate data to the CTA (including the price- CTS- and the best bid+ask- CQS). + +If you have a system that has access to the CQS and the CTS feeds ([real-time quotes](https://www.investopedia.com/terms/r/real-time-quote.asp) of [level 1 data](https://www.investopedia.com/terms/l/level1.asp)), ***that feed is correct by definition*****.** If that data has weird prices looks fucky, ***it is not our fault as scientists and retail traders for having access to "bad" data, nor is it our responsibility to find "better" data to prove a point.*** This is the data that daddy SEC uses for Reg NMS, and exchanges are ***REQUIRED*** to report accurate information to ***IT.*** All of the "better data" that Gabe's data scientists keep talking about? ***It doesn't fucking matter to the SEC, so it doesn't matter to our research on strange prices.*** So what do you get when you pay for "better data?" You get decreased latency, increased time resolution, and an expanded level 2 dataset. From [Exegy explaining Consolidated Tape](https://www.exegy.com/2019/12/consolidated-tape-nyse-feeds/) again: + +[I think 64 microseconds \(that's 0.0000064 seconds\) is OK for the level of stats I'm doing. There's this thing called \\"significant figures\\" ... don't hurt your brain, Kenny](https://preview.redd.it/wi2g79gk6ub71.png?width=923&format=png&auto=webp&s=fe17f7e0b9ae68eeb4a9972b78e4dda4f85224f8) + +It's level 2 data that starts to get expensive and varies in quality from place to place- from [Exegy explaining Level 2 market data](https://www.exegy.com/2019/03/level-2-market-data-what-level-supports-your-trading-strategy/)\- + +https://preview.redd.it/lr2264k67ub71.png?width=939&format=png&auto=webp&s=53bc0dc7b45f82096fd774b6d5ecc4a7aba4840b + +***Note that this data, level 2, doesn't matter one goddamn bit to determining whether a trade was placed at a price outside the NBBO.*** So yea, good level 2 data would be sweet and some day I'll get my hands on it, but it's **completely irrelevant to the vertical lines we are seeing = prices outside the NBBO = because that is ENTIRELY the realm of level 1 data.** + +Okay so we're ABSOLUTELY SURE that Fidelity Active Trader Pro(r) gets VALID [REAL-TIME QUOTES](https://www.investopedia.com/terms/r/real-time-quote.asp) of [LEVEL 1 DATA](https://www.investopedia.com/terms/l/level1.asp)? + +# Yes. + +From a [love letter between Fidelity and the SEC](https://www.sec.gov/comments/s7-15-19/s71519-6526198-200427.pdf): + +[That's some high-class pillow-talk right there](https://preview.redd.it/mq07i0aw8ub71.png?width=812&format=png&auto=webp&s=b99e5a6b2ac814cbf360edad0d747f3e13df0de5) + +FUCKIN A' PETER, it's taken us LOTS OF READING and LOTS OF LINKS for VERY TENDER APE BRAINS up to this point to say with **FULL FUCKING CONFIDENCE** this **ONE SIMPLE FUCKING THING**: + +# What you see with your eyes is real. Seriously. + +**(Btw...** [**wut iz gaslighting???**](https://en.wikipedia.org/wiki/Gaslighting)**)** + +Okay, so.... where on your screen does this raw data live? [Level 1 data](https://www.investopedia.com/terms/l/level1.asp) dwells in the "[time and sales](https://www.investopedia.com/terms/t/time-and-sales.asp)" window on your platform. [Level 2 data](https://www.investopedia.com/terms/l/level2.asp), if you have it, can be various places depending on your trading platform. In fidelity, it's the directed trade window- + +https://preview.redd.it/nr1tvumofub71.png?width=1552&format=png&auto=webp&s=460f837d5975862c76ff72ccd10238aab7d31c89 + +So if you're exporting data, and you do it by r-clicking one of the windows with RAW data, you .... uuhhh .... get raw data. How do I know that hedgies do NOT want you to know this?? *Because my materials and methods post on how to collect this data, including some sample raw data sets,* ***was marked as spam and made invisible by reddit despite being posted onto my OWN GODDAMN PERSONAL PROFILE PAGE***. I seriously don't fucking know HOW your data scientists did it, Gabe, but I'm kind of impressed. Bravo. + +# So THAT is where the data comes from, and there is absolutely NOTHING FUCKING WRONG WITH IT. ahem. + +And what does the data say about these vertical lines in our price charts? + +# They are REAL trades occurring outside the NBBO called "market sweeps" marked* with trade condition: "trade-through exempt" or "611-exempt" + +\*if you're rich enough to have a Bloomberg. Only expensive platforms reveal or display sweeps because WHY TELL RETAIL TRADERS ANYTHING as always. Result? It's a SUPER common form of trading for high frequency and algo trading, but *normal retail traders tend to know nothing about them.* And based on flurry of explanations offered by Gabe's data scientists, *they want to keep it that way.* + +So let's get back to these straight lines! The following chart displays REALLY CLEARLY where we're going to peek at the prices first. (This stock tends to have sweeps show up *beautifully* on the price chart and is typically the first place I look to go "glitch hunting.") + +https://preview.redd.it/zfqt8hsyiub71.png?width=521&format=png&auto=webp&s=6c66934d40eeab169028587ca1f8b8807c1a5a07 + +The glitch is SO strong with this one, that anyone navigating back to 7/13 after-hours right now will be able to see some of them. (If you're now noticing that these sweeps seem to happen right around the *same time* nearly *every day* during *after-hours*.... stay tuned for future posts 😉 this one's too fuckin long already.) + +So I peered into the data for this time period- 4:35 to 4:50pm on 7/13- and then decided to graph it for all my friends who don't read so well- + +https://preview.redd.it/l2iknlwpkub71.png?width=1834&format=png&auto=webp&s=d4feb6d2ca1dbda2a3d2b106b0704270dc83e132 + +Those big green crayons? All sweeps, corresponding to those pink dots (last price of the trade) wayyyyyy above the bid-ask range. Did I mention something about a correlated pattern? + +**Here's GME for the same time frame**\- + +https://preview.redd.it/zjq52z2zkub71.png?width=1848&format=png&auto=webp&s=0652e78e91997825713b3ae198123e6467bb99b8 + +Gimme some AAPL! + +https://preview.redd.it/82evk8hhlub71.png?width=1837&format=png&auto=webp&s=6c938b8c3c3c051721d22d6d59989b986b72cc9b + +Mix things up a bit with some TSLA! + +https://preview.redd.it/2183rrnjlub71.png?width=1843&format=png&auto=webp&s=7570e6c8690bde7e6f9820c9d5eb62830b3d2b27 + +Go the OTHER DIRECTION (sweep to SELL!) with amazin' AMZN! + +https://preview.redd.it/cg8xr8qolub71.png?width=1843&format=png&auto=webp&s=858289c07f4d86dabb810fc46b4f13224860b574 + +Come on back with a taste of MSFT--- + +https://preview.redd.it/c7vmpkaxlub71.png?width=1839&format=png&auto=webp&s=60f48497c01d4288ba84aac92fe0e81558a2ce5a + +And then cleanse your pallate with NVDA before dessert--- + +https://preview.redd.it/nq8dccs4mub71.png?width=1840&format=png&auto=webp&s=77bac4135a9330808eba5b9ef57bb8598a1e77c0 + +Because to finish up I've got an ETF banana sundae for your pleasure... + +&#x200B; + +https://preview.redd.it/orfedhuamub71.png?width=1844&format=png&auto=webp&s=1d41bb2784465aa105ccbcb85d636cb681d778e7 + +And no.... I barely understand ETFs as it is.... I have NO idea how this works with ETFs, only that I made a pretty picture of it happening. Wrinkle brains halp pls. + +Is this the *FIRST* time that fucky data has been detected? Noooope, I posted [these rantings of a stats and crayon-fueled lunatic](https://www.reddit.com/r/Superstonk/comments/n0a0hf/proof_of_artificial_price_movement_spreadsheets/) over two months ago, but didn't know what the fuck I was looking at. + +Am I the *ONLY* person who has noticed all the insane crap in this data? Nope, u/Pubertus posted [similar findings over two months ago](https://www.reddit.com/r/Superstonk/comments/n7ahcl/found_something_funky_on_the_dark_pools/?utm_medium=android_app&utm_source=share). A HUGE number of trades priced OUTSIDE of the NBBO in an occurrence that was HIGHLY CORRELATED ACROSS MANY STOCKS. + +**This brain wrinkle has been forming for a LONG fucking time now.** + +So I guess.... here, at the end of all things... the only question that I ***still*** have, is.... + +# HEDGIES, WHY ALL YOU MA'FUCKERS LYIN' SO MUCH ABOUT MARKET SWEEPS?? + +[dead. kittens. everywhere. LOOK AT WHAT YOUR DATA SCIENTISTS HAVE DONE, GABE](https://preview.redd.it/pfxghu9kyob71.png?width=638&format=png&auto=webp&s=b9d61d2a0dfb7d2c0820f94c6b4fcdefb2d68a1f) + +# TADR: These bitches ain't glitches, "straight line thingies" are MARKET SWEEPS from HIGH FREQUENCY TRADERS and are HIGHLY CORRELATED across many stocks. hi kenny 🤭 + +Obligatory emojis: 🦧🦍🦧🐱‍👤💎🙌🚀🚀🚀🌙🖍🌌🍌 + +[ ](https://preview.redd.it/0dh1g19bqob71.png?width=1180&format=png&auto=webp&s=a5677bedb01128308e50ec49c1087287cfe39130) +I mean seriously speaking, if someone were to take the time to put together some legit visuals of the DD that has been written and put it out on like a Youtube channel for us to watch it could get some serious traction. It doesn't need to be on Netfrix. Put it out for FREE. Some people can't read and prefer visuals anyway (I'm one of them, and I used siri to type this out). Imagine if we could share VIDEO of all these amazing explanations done from contributors to this sub. + +I've just been seeing the backlash from the Netfix special that came out and wonder why a true APE has not tried to put something together rather than letting rando MSM-paid liars put stuff out there misrepresenting this sub and its members. + +We can do better. And I say "We" as in you guys, I don't contribute much but upvotes lol + +&#x200B; + +Please and thank you to whoever can take this on! +[12 months ago I wrote here that Litecoin had delivered its 100 millionth transaction over 10 years](https://np.reddit.com/r/CryptoCurrency/comments/rt1mcr/litecoin_delivers_100000000th_transaction_today/). [In just one year it added to that very large base another 39% increase in transactions](https://blockchair.com/litecoin). Off chain stats tell a similar story with the oldest crypto payments processor [BitPay seeing growth of Litecoin to 27% of all payments](https://bitpay.com/blog/litecoin-payments-on-the-rise/), just shy of exceeding the share of all other altcoins on the platform COMBINED. Before Litecoin was added, Bitcoin was well over 50% share while eth and bch managed around 11%. Litecoin changed the game. + +&#x200B; + +[Google bitpay stats for monthly share updates](https://preview.redd.it/sfusaxz4h99a1.jpg?width=1540&format=pjpg&auto=webp&s=e691d304b25d297ac03ad9bb9cae72b2f13bf471) + +For years I've heard people downplay the importance of payments, they were less sexy than smart contracts, yesterday's news, but everything moves in cycles. [The cycle where litecoin outperforms smart contracts has already begun, those chains are bleeding against ltc](https://np.reddit.com/r/CryptoCurrency/comments/zi8tyb/litecoin_vs_the_ethkillers_a_david_goliaths_story/). That's the inflection. Since Litecoin didn't outperform in the '21 bull market, and thus didn't take on long leverage it has to work off now, will there be short leverage, thanks to Mike Novogratz's buddies that it gets to work off in the other direction? What happens next year as we approach litecoin's 3rd halving? + +All we can do is look back. It's not predictive, but it is informative. In 2015 coming out of the first cryptowinter, litecoin 7x'd outperforming everything early in the cryptothaw. In 2019 it did similar 6x'ing against the grain and with Mike Novogratz openly shorting it (I suspect he and his will be less open about what they're doing this time). In neither instance was litecoin's payment dominance so pronounced. It's infrastructure was better than average back then, it's incredible now. + +I absolutely believe litecoin deserves outperformance this year more than anything else out there, partly because of how much it has outperformed on adoption and how much it's underperformed in investment. [Litecoin is Deep Clucking Value.](https://np.reddit.com/r/CryptoCurrency/comments/r23ufg/litecoin_is_deep_clucking_value_an_exhaustive_and/) Some will say fundamentals don't matter, it's all just a casino, but I believe while markets are a popularity contest in the short run, in the long run they're a weighing machine. LTC's network has performed like a boss in every fundamental, adoption above all. Will the market give it what it deserves? Buckle up for 2023, we're about to find out. +Anyone following Numinus or the psychedelic industry in general? Thoughts? + +Feels a lot like the end of 2017 before the huge cannabis bull run. + +$NUMI is the first publicly traded company in Canada to be granted a licence by **Health Canada to test, possess, buy and sell MDMA, psilocybin, psilocin, DMT, and mescaline.** + +Investor Deck: + +https://numinus.ca/dist/assets/docs/Numinus-Corporate-Deck-2020_12-FINAL.pdf +Getting tired of reading posts from people who clearly didn't watch or read this earnings report or probably any earnings report so here we go. Tldr: His cash position (actually t-bills) is not large compared to the entirety of Berk's assets. Now can you all stop with the "But Buffett's holding cash" meme? + +"I show our net, our cash and Treasury bill position on March 31st. And you might look at that and say, “Well, you’ve got $125 billion or so in cash and Treasury bills. And you’ve got…” At least at that point, we had about, I don’t know, $180 billion or so in equities. And you can say, “Well, that’s a huge position to have in Treasury bills versus just $180 billion in equities.” + +But we really have far more than that in equities because we own a lot of businesses. We own 100% of the stock of a great many businesses, which to us are very similar to the marketable stocks we own. We just don’t own them all. They don’t have a quote on them. But we have hundreds of billions of wholly owned businesses. So our $124 billion is not some 40% or so cash positions, it’s far less than that. + +And we will always keep plenty of cash on hand, and for any circumstances, with a 9/11 comes along, if the stock market is closed, as it was in World War I—it’s not going to be, but I didn’t think we were going to be having a pandemic when I watched that Creighton-Villanova game in January either." + +[Full Transcript](https://www.rev.com/blog/transcripts/warren-buffett-berkshire-hathaway-annual-meeting-transcript-2020) +What it says in the title really.. + +I read that you can buy bullion directly from the post office, and that it is not subject to CGT. + +With the price being relatively low atm, theres a good argument for buying gold / silver as an inflation hedge, and then selling if inflation happens, and stocks become cheap. Therefore I would see this as relatively short term investment. + +Obviously if you buy a physical gold etf it will be much more liquid than if you buy bullion, but you would be subject to CGT. + +How liquid an asset is bullion and how do you sell it securely? + +Thanks! +"Bill Ackman’s London-listed investment vehicle will join the UK’s most high-profile stocks index after a year of strong returns fuelled by a well-timed bet that coronavirus would spark sweeping lockdowns and destabilise global markets. + +Pershing Square Holdings will be added to the FTSE 100 after the close of trade on December 18, FTSE Russell, the index provider, said on Wednesday evening. + +The closed-end Pershing Square fund listed in London in 2017 following a flotation in Amsterdam three years before and tracks the performance of Mr Ackman’s New York hedge fund.' + +Source : The financial times + + +Anyway here betting on this fund for hedge fund exposure? +I've got a chunk of cash set aside for investing in tracker funds this year, but given the current downturn I was wondering if I should drip feed this into investments over the year rather than chucking it all in now, in case the downturn continues? +Use this thread to share your portfolio, purchases, sales, ideas, concerns, and anything else! + +This thread is also for asking questions about which is the best broker for you, which broker offers \[feature\] and other basic questions about platforms and their functionality. +There is nothing better for a business than a community that will promote them. Unfortunately, everyone is talking about a short squeeze or GameStop's fundamentals. Normal people don't care about that, they want something that can utilize in their practical daily life. Gamestop has inventory people. Instead of talking about this as some weird political movement, talk about the actual products they sell. Gamestop has pc parts, they have nerd gifts, they have large amounts of toys for children and adults. + +Instead of talking about shorts, hedgies, SEC, corruption, or whatever, talk about their products, services, future plans, ideas, transformation to people. Chances are people are not going to believe you about corruption because everyone lives in a just world fallacy. Do you know something simple and effective you can do just to help GameStop? + +* Build Pinterest boards with products so people can find their favorite items. +* When someone asks for gift ideas, do some research on GameStop and find something that best fits what they are looking for. +* Talk about their power rewards and shipping times +* Get gift cards through them and hand them out for birthdays so they can be introduced to the ecosystem +* Share tweets about your favorite products you bought from GameStop + +Just keep in mind + +* Do not spam +* Do not interact with someone who does not ask +* Just answer questions, don't put your whole thesis. + +Edit + +Can't edit the title because some people seem to be getting the impression I'm asking you "to do GameStop's marketing job". It should read "you can be grassroots marketing for them" to avoid any confusion. None of this is required of course, I just wanted to share some ideas for people who are on the sidelines wanting to contribute something to help their favorite investment. Also you guys can share ideas in the comments, this is a discussion after all. +Since the rally started a guy said he was gonna keep open his puts, no matters what markets do. He taught me an important lesson. “Don’t go ever against fed”. Took some hedge trades in that moment, if not for that I’d be broke. I should give him my thanks. Someone else is waiting for a W shape recovery? 🏃‍♂️💨💨💨 +I'm u/bornluckiest you're local tinfoil-hat wearing story-teller with a round-up of the latest conspiracy theory revolving around the Wu-Tang Clan NFT. + +&#x200B; + +[The MOASS being delivered?](https://preview.redd.it/8q5et1dyz5v71.png?width=1413&format=png&auto=webp&s=a1c556a0e6502575cb2a821088690193df31a48b) + +# Quick 101 + +* In 2014 the "[Wu-Tang Clan](https://en.wikipedia.org/wiki/Wu-Tang_Clan)", one of the most influential hip-hop groups in history, produced an album but only ever released a 'single' copy of it. +* The album, called "[Once Upon a Time in Shaolin](https://en.wikipedia.org/wiki/Once_Upon_a_Time_in_Shaolin)" was produced as a rebellion against cheap copies and piracy and fraud of digitised media. +* It was the follow-on to the album "[A Better Tomorrow](https://open.spotify.com/track/3JJU9BP2zRFdXpVA7r0gby?si=4414ab0f8f3b43fc)" ([Lyrics](https://www.google.co.uk/search?q=wu+tang+clan+a+better+tomorrow+lyrics)) *(If you have the time you should listen and read those lyrics to get an idea about what this 'follow-on' album is about!)* +* It's a double album consisting of 31-tracks, it reportedly has many unexpected featured mainstream artists, eg. Cher. *(Wu-Tang ft. Cher ... WTF?)* +* It was produced in a priceless/unique silver jewel-encrusted box with leather bound notes. +* The "one copy" toured museums, galleries and music festivals before being sold in 2015 for $2m. +* [Martin Shkreli](https://en.wikipedia.org/wiki/Martin_Shkreli) who bought the album was later convicted of Fraud, and got 7-years for a naked short selling scam. ~~(Thankfully, he's still inside! He's the scumbag who bought rights to the medicine Daraprim and then hike'd the price from $13 to $750!)~~ +* The album was then later seized as 'proceeds of crime' and sold, rumour to be for around $7.4m, to cover the costs of damages that Shkreli had to pay. *(It may have been sold for less)* +* The album and case features in Skrillex's "Fuck That" video, at time point 4:20, you can see how special this item is: [https://youtu.be/Ka7wBGFSuSE?t=260](https://youtu.be/Ka7wBGFSuSE?t=260) +* The terms of ownership are complex - it can never be sold commercially for 88-years. +* It's widely considered to be the most expensive album in the world. + +**Side Fact: Did you know the guy who originally bought this album was coke buddies with Cramer?** + +# How is this the catalyst? + +If you study the above background you should clearly understand the story of that unique item, how it is SO special. + +At the moment NFTs generally represent single unique items. You buy a [crypto kitty](https://www.cryptokitties.co/) or [punk](https://www.larvalabs.com/cryptopunks) and it's yours... so who would get the NFT for the album, there's only one, right? Let me explain... + +So this is the crux of the theory; GameStop are have created a DAO ([**D**ecentralized **A**utonomous **O**rganization](https://ethereum.org/en/dao/#gatsby-focus-wrapper)) called GMERICA. *(Did you know there's a book called* [*GMERICA*](https://git.sr.ht/~ev/gmerica/tree)*, written over a year ago.)* + +[GMERICA](https://www.worldtrademarkreview.com/anti-counterfeiting/gmerica-trademarks-stir-gamestop-investors-switzerland-joins-geneva-act-modelo-dispute-news-digest) can do many things, it's limitless really - that's the beauty of a DAO the organisational structure/operation is voted on by the people. + +Most importantly it can operate digital wallets for people and allow them to interact with the E.t.h.e.r.e.u.m blockchain in a simple and trusted manner. + +So when you get your pro-membership, you also get a digital wallet thrown in. The wallet can store crypto coins/tokens (ERC20) or NFTs (ERC721) + +"Trust" is the key here. Millions upon millions of us trust GME/RC... more than any other organisation, right? + +Crypto isn't regulated, so anyone can set-up an exchange, and trust is a BIG issue. + +At the moment there are exchanges where you can buy crypto (E.t.h.e.r.e.u.m, B.i.t.c.o.i.n, etc.) but they are mostly centralised. (Binance/Coinbase/Kraken, etc) + +Many people claim the Exchanges don't hold enough crypto to cover the amount of coins held in their client wallets/accounts. There's potentially some naked selling going on in the exchanges. + +Most people don't have the experience or diligence to manage their own crypto wallet, that's why they mostly use wallets provided by exchanges. + +DEXs ([Decentralized EXchanges](https://ethereum.org/en/get-eth/#dex)) give transparency to what the organisation holds and who it belongs to. Unfortunately the only DEXs that currently operate need a relatively high level of IT skill and really aren't for beginners. + +That's one thing that's holding the world back from adopting [DeFi](https://ethereum.org/en/defi/#gatsby-focus-wrapper). *(DeFi wil stop the fraud of the top 1% creaming the milk from the 99% of the world!)* Another problem being the 1% trying to stop it and scare people that it's risky, etc. + +Back to the problem; There's one album, and 70+ million shares/shareholders. That's where GameStop are changing things they, alongside [loopring](https://loopring.org/), are going to "Fractionalise NFTs" in a super user friendly way. + +* That's why they have this HUGE [Customer service centre opening in Florida](https://commercialobserver.com/2021/09/gamestop-to-hire-500-employees-in-south-florida-to-boost-e-commerce/). +* That's why they are hiring [500 customer service](https://finance.yahoo.com/news/gamestop-gme-hire-500-staff-135001043.html) operatives just for the job. +* That's why they have just set-up a Zendesk CMS on [support.nft.gamestop.com](http://support.nft.gamestop.com) + +[Fractionalised NFTs](https://www.cryptovantage.com/non-fungible-tokens/what-are-fractionalized-nfts/) mean they can break the asset (the priceless album) up into millions of tokens, each token represents a share in the Asset, the asset will be placed in your GMERICA digital wallet *(Did you notice the* [GameStop App](https://www.gamestop.com/GameStop-App.html) *recently got a* [Digital Currency section](https://www.reddit.com/r/Superstonk/comments/ocktyj/why_youre_seeing_the_digital_currency_glitch_in/) *added* *~~in the last few days~~* *since the NFT site launched?)* then every share holder will get a piece of the action. + +That will cause a problem... a squeeze. + +That isn't the end of it, because whilst the DTCC still control counterfeit shares and allow netting, etc then the price will be manipulated and all kinds of fuckery will continue. + +They'll be Brokers and Dealers scrambling and causing a right fucking ruckus, changing terms and conditions, saying they have no NFT wallets, no method of delivery, etc. + +All kinds of shit will occur and they'll be dropping it on their clients (me and you) because they can't get enough tokens to distribute... + +...and the Market Makers will keep trying to hold the price down, whilst all this is happening - even though there's so much demand - they'll be no ***REAL*** price discovery. Market Makers will just running the counterfeit share maker 24/7, so they can meet their margin calls. + +# REMEMBER: RC likes to keep his customers satisfied. + +At this point he will say the DTCC is no good and retract shares - as per the most recent declaration in 13-K SEC filing for Gamestop. + +He will then convert Gamestop (The whole fucking company itself!) into a Fractionalised NFT, and issue 70m tokens that represent each share. + +You will be able to trade shares in the GMERICA app, swop them for other NFTs (eg. a 10% share in a Lambo, or the smile of the Mona Lisa), buy E.t.h.e.r.e.u.m, or unique weapons for Counterstrike or World of Warcraft, or just buy things (like long socks) using a normal currency (FIAT) via your credit card, and it will be cheap (not like E.t.h.e.r.e.u.m transactions) because it will be done using a technology called a [zkRollup Layer2](https://www.youtube.com/watch?v=7pWxCklcNsU&t=263s) + +If you think Binance is big (I bet not many of you have heard of them either) but it's just one of many crypto exchanges, then GMERICA will be **BIGGER!** + +# MUCH BIGGER! + +By the way Binance is valued at around $2,000bn, so... GME at a market capital of $13bn is so cheap, that you could liken it to buying B.i.t.c.o.i.n back when it was 7 cents. + +...and remember apes, stay paranoid; *"Paranoia is just a heightened sense of awareness." \~ John Lennon* + +>Disclaimer: I've had a crayon stuck up my nose since January 14th. It's causing occasional headaches and making my brain behave strangely. Everything I say I for your entertainment only. + +**EDIT 1:** Scrubbed the sentence where I criticised Martin Shkreli for hiking the price of the drug he bought and hiking the price. I have since learnt that the drugs remains free to anyone without insurance. I was slightly judgemental of him, because you know, he used to work alongside Cramer ... but I should know better than to judge someone by the company they used to keep. + +**EDIT 2:** Scrubbed the note about the Digital currency being recently added, many apes have confirmed it's been there a few months a least, but no one can recall if it was around before 25 May when the NFT website launched. + +🦍🦍🦍🦍🦍🦍🦍 🚀🚀🚀🚀 🌕 + +**Common Questions from Comments/Chat***1) How do you connect Wu-Tang Clan and Ryan Cohen?* + +This [connect-the-dots post](https://www.reddit.com/r/Superstonk/comments/qe2h3w/please_flick_through_pictures_and_connect_the/) by u/DarraghGogarty does a brilliantly succinct job of describing what would take me ages and answers that question really cleanly. + +*2) Why do you think Gamestop is making a DAO?* + +If we analyse [this tweet from C.R.E.A.M Finance](https://mobile.twitter.com/CreamdotFinance/status/1450872866350800903) we can see them announcing that PleasrDAO are participating in a DAO-to-DAO loan, that will be facilitated by Cream Finance/Iron Bank. PleasrDAO own the NFT (See [connect-the-dots post](https://www.reddit.com/r/Superstonk/comments/qe2h3w/please_flick_through_pictures_and_connect_the/) above for proof.) but C.R.E.A.M don't announce who they are loaning it to. As with most theories we have to make some assumptions until proven and this is one of those; We assume if this theory has any substance then Gamestop's DAO is loaning the DAO. + +Note the tweet didn't say DAO-to-DEX or anything like that it clearly says DAO-to-DAO. So if the album is going to be part of an NFT reward by Gamestop, then Gamestop are making their own DAO! 💥💥BOOM!!! 💥💥 + +*3) Why is Gamestop's DAO going to be called GMERICA?* + +Since Gamestops tweet on 12th July saying "[GMERICA 🇺🇸](https://twitter.com/gamestop/status/1414696625218342933)" then we have been playing attention to the [trademark filings](https://www.worldtrademarkreview.com/anti-counterfeiting/gmerica-trademarks-stir-gamestop-investors-switzerland-joins-geneva-act-modelo-dispute-news-digest). The GMERICA trademark was registered under the [Geneva Act](https://www.wipo.int/treaties/en/registration/lisbon/summary_lisbon-geneva.html) meaning the trademark gets significant international protection... and that process is not cheap. + +So now you have to ask yourself, if you are creating a DAO (see above) what would you call it? Well [the only trademark they have registered recently](https://www.trademarkia.com/company-gamestop-inc-481658-page-1-2) is GMERICA, but that is not the sole reason. + +Ask yourself if you want to try and protect a brand name in a space that didn't yet exist under the Geneva Act (surprisingly, there's no category for NFTs or CryptoMarketPlaces) then what categories would give you the best protection? + +Hmm... so our favourite company sells unique collectibles, memorabilia, (NFTs) perhaps limited edition merch, unique gaming items (COD Weapons, CS skins, etc) in an online service/Crypto Marketplace? + +So, if there was categories covering those, that's what you'd choose right? So.. take a peek at [the categories the GMERICA is registered under](https://trademark.trademarkia.com/gmerica-90897211.html). Yeah it could just be a brand for T-Shirts and Long Socks, but why aren't they using it already? Why don't they have any other trademarks for the DAO they are creating? So... again, the DAO is likely going to be called **GMERICA.** I hope that clearly explains my thought process and the leap I made earlier. + +🦍 🤜💎🤛 🦍 +https://www.sfchronicle.com/politics/article/California-to-ban-sale-of-new-gas-only-cars-in-15591347.php + +Good sign for Electric Vehicle stocks. Hopefully other states follow suit. There will be some huge opportunities for TSLA, Lordstown, etc... not to mention Hyliion, Chargepoint, Workhrse and other up and coming EV related companies. + +We should see a quick race for current automakers to ramp up EV technology and production. Interested to see which established companies will succeed versus newer EV companies on the market. +Alright so here’s a brief rundown while I wait to hear back from u/WSBgod for permission to post more details. For now, this is what I’m sharing. + +Let me start by saying that during the mania today, my position was that the whole thing was a hoax. Many comments were focusing on how options prices were nicely rounded 100.00 and shit like that. While I didn’t have time to really dive into those details, I was skeptical simply because he claimed to go from $4 million to $8 million. Nicely doubling your bet is not something you typically do with options, that’s what you do with roulette when betting on black. It was just too clean. Of course, it was also very lucky and extremely ballsy—neither of which is uncommon on WSB. + +Nevertheless, [I took the post down](https://old.reddit.com/r/wallstreetbets/comments/f006zu/wsbgod_post_removed_pending_indisputable_proof/) until there was indisputable proof. Behind the scenes, this was roughly the exchange in modmail with timestamps. + +*** + +Here's the timeline (all in central time) + +>1:55pm u/ITradeBaconFutures stickies a comment on mega thread saying ["Proof or ban"](https://old.reddit.com/r/wallstreetbets/comments/ezwbve/reports_of_my_death_have_been_greatly_exaggerated/fgq6q81/) + +>3:32pm u/WSBgod messages mods and asks "What do you recommend?" + +>3:34pm I reply "idk but it better be good. I'm recommending a screen sharing session" + +>4:28pm u/WSBgod replies "I'm happy to verify, have nothing to hide and my post history is the best evidence a person could ask for. But I won't do anything that reveals personal information, login credentials, or anything that could be used against me." + +>4:53pm "This should be all the evidence you need: + +><link to imgur with his account summary> + +>PLEASE do not share this or pass it around and make me regret doing your verification. I know you need to verify to keep BSers off here, but please keep my privacy in mind. Thank you." + +The picture was a screenshot of his account summary from his broker with many trades, including tesla + +>4:55pm me: "Not good enough sorry." + +Then there was bickering back and forth about what standard of proof meant, and what we could do about it until u/WSBgod capitulated. + +At 5:18pm He accepted the screenshare which we did shortly after. + +*** + +We went on discord and he shared his screen, where he had a chrome window up with a couple of tabs open to vanguard, one of which was logged in and had a clearly visible **SSL** icon to the left of the address. He scrolled around (without hitting the top of the screen where his name/account would show). Once he was done showing me the numbers, I asked him to refresh the page. He then took the discord window and carefully placed it such that it covered only the contents of the website to hide his name from showing up after the refresh. The “discord censor window” was small enough so that I could see the address bar at all times, and most of the contents of the webpage. There was no keyboard shortcuts—everything was done by mouse. He clicked the refresh button, and after a visible refresh of the site, he moved the “discord censor window” and showed me that all the numbers remained the same. + +*** + +I’ve taken the video and edited it such that it removes all personal information, but I can’t in good conscience publish it without his consent. Doing so would eliminate the possibility of anybody ever trusting me (or the mods) with any sort of proof again, and for that reason I will wait and hope to get permission to post it. Otherwise this is the extent of what I’m sharing. + +So the question remains, could this be fake? Absofuckinglutely. Could he fake the url, website, broker summary, ssl certificates and inspect/refresh? Yes. Of course it can be faked. For all the retard talk that’s thrown around, you all are actually really fucking capable (you’ve proved it time and time again). I’m not saying that u/WSBgod’s claims are irrefutable, I’m just laying out the proof he gave me. + +When people make huge ass claims, as mods, the best we can do is ask for “proof.” Short of asking for his username and password, this was the closest thing that I could think of and I gave him a very short window of time. Never in the history of WSB have I ever asked to log into somebody’s computer to see their screen. There’s no precedent for that and there’s no reason for him to have anticipated that. u/fscomeau faked a video but he filmed, edited it on his own time and uploaded it to youtube. In today’s case, I gave u/WSBgod less than 2 hours to let me on his computer and he did exactly what I asked him to do once I was watching his screen. As a mod, that is as much proof as I can reasonably ask somebody to give me. And as a mod, I'm sharing it with you. If there’s a better method of proof, I’m open to ideas. If he faked it, then congrats to him for doing a good job at faking and anticipating my response when asking for proof. And if he made money then congrats to him for scoring big. + +The last note I’ll share is his account balance **did not show $8 million dollars**. The total balance was slightly less, but it was pretty damn close. + +I’ll let you decide for yourselves based on this information and I hope to be able to post the video soon. +I have sold large portions of my life to get by and to escape a lower class existence. + +I have spent cumulative years away from my family assuring that they're taken care of. + +I have injured myself, exposed myself to danger and worked on the side in one form or another since I was in my teens. + +The extra bit I could afford I've devoted to the death to either win or lose, nothing in between. + +I'm in a secure enough position that I would sooner see my investment melt into nothing than to sell for anything less than generational wealth. + +Fuck anything MSM has to say, fuck anything any pundit, politician, bought and sold regulator or scummy banker or investor has to say. + +I'm in this until the bitter fucking end. + +Nothing. Will. Make. Me. Sell. + +I've jumped through the hoops as a Maple Ape to DRS away from tax free gains. I will slide JT his fabulous hair and fancy socks a pallet of cash in taxes to put this shit to an end. + +Don't doubt yourselves, but also don't leave yourselves short. Hundreds of thousands of individuals have committed themselves to 2 years of this. We WILL lock every single share of this company, whether it takes another year or 5. + +I'm a little over a decade from retirement then a second career, if this shit kicks off at my retirement part I count that as a win. + +They will stop at nothing to shake you, to make you doubt yourself, but with every effort they make for me it just reaffirms my conviction and confidence in this play. +I feel like most of the content over there is just about how everyone can “do it”. While some people who take the time to be rational and plan things out can make it big with real estate investing, most people there are just encouraged to take any deal they see because it’s the first step to become financially free....then they post about all of their nightmare problems and wonder where they went wrong... +Wife and I are staying at this resort in FL. Had no idea when we checked in, we would have to sign up for a timeshare presentation. They charged us a $40 deposit to make sure we went. Other than the $40, that we don't care to lose, will they try to do something else to us? The presentation is set for today at 9am, we plan on leaving at 9:30am to check out. Only bad thing is the "salesman" are in the lobby along with the checkout desk +Pardon me if this is a stupid question. I’m in an introductory Macroeconomics class and we learned about demand curves. + +I’m wondering, has anybody made 3D demand curves, maybe as a topographic representation? For example like a usual demand curve, the X would be Quantity and Y would be Price, but Z could be average consumer income. This would allow businesses or industries to center the demand curves around targeted income/wealth levels (or really any quantitative demographic), right? + +Again, I realize I’m probably either not the first one to think of this or it’s a complete trash idea, but if it already exists, can somebody help me out on what it’s called so I can learn more about it? I looked up 3D Demand curve, topographic demand curve map, and most adjacent search terms I could think of. +I’m curious to hear peoples issues with the MMT school of thought. + +Please don’t post over simplistic “it’s dumb” answers. I want to know where the fundamental arguments lie. +**FI journey and learning** + +Just checking in with the community, this is a quick story of where I am in the journey and the biggest learning along the way for me. + +I am a 31M single and in a MCOL City. My assets are $1,182,000 USD, my liability is my mortgage of $237,000. So my net worth falls somewhere around $945,000. Expect to exceed $1M NW by Q1 next year. FI number $2M+ [Visual Chart of NW](https://imgur.com/a/FWJ1mHo) (I tried to recreate a complete picture from 2010 via old spreadsheets before mint but it was so shoddy in terms of data entry, I will just defer to starting with Mint 2012 vs trying to piece accounts on a spreadsheet) + +Allocation is currently, 70% equities (VTI, SPY, small/mid caps, intl), 15% real estate, 12% short term duration bonds, 3% cash/liquid. + +I grew up in a ghetto part of town. I lived most of my childhood in 1 bedroom apartments with my mom and my sister. Never had much but still was very fortunate with what I did get. Growing up poor shaped my self-esteem and my ambitions, I want to illustrate my mindset. This isn't a "woe is me, but look at me now". I graduated with a finance degree from a public college. Below are a few items that were my privilege and good fortune. In addition, a few controllable items I did to ensure a high chance of success. + +Below is an extensive calculation of the prior 9 years of work history with salary + benefits total. I save around 60-70% of my after tax salary. + +&#x200B; + +**Salary/bonus & Benefits history:** + +* 2006- $8k Bestbuy PCHO (PC home office) sales person $10/hr Senior year HS +* 2007- College/summer school no income +* 2008- $8k college part time work $13/hr, “busy season” bump to $15/hr +* 2009- $8k college part time work $18/hr, intern pay +* 2010- $65k sales, product rep (first job after graduating) +* 2011- $68k sales product rep +* 2012- $60k sales hunter (changed jobs, lower pay but got better training) +* 2013- $83k sales account manager (new job) +* 2014- $125k sales account manager +* 2015- $129k sales account manager +* 2016- $160k sales account manager +* 2017- $158k sales senior hunter (promotion) +* 2018- $115k sales senior hunter (bad performance year) (Jan 2018 --> Dec 2018 NW $718k) +* 2019- $178k sales senior hunter to sales trainer (raise and decent performance) (Jan 2019 NW $748k, July 2019 $945k) +* 2020- $140k trainer role (1st year no longer in sales) expected earnings + +&#x200B; + +**Biggest FI Events (Privilege & Controllable)** + +1. **Privilege:** I accumulated no debt during college because parents were poor enough for me to receive full financial aid, I earned an endowment but the aid was reduced by the endowment amount so it basically gave me no monetary benefit. But financial aid basically paid me to go to school. I skipped studying abroad because it added no job prospect value but would have added all the costs. That's how I was able to finish school without debt. +2. **Controllable:** I either worked 2 jobs during the summers in college or took 1-2 summer classes for credit. I wanted to capitalize on the 4 year time line of graduating. I worked office desk jobs & tech support phone jobs. +3. **Controllable:** I worked during high school at a retail job and saved $5k for college; the cash was an advantage during school. I focused hard on having cash for entering college, so I skipped homecoming and prom. I worked my prom night while my friends partied. I wanted to improve my chances of success, it was a fair trade. +4. **Privilege:** I inherited $45k during the last year of my college. This money couldn’t be invested as I didn’t feel entitled to it, so it sat in a bank account for 3-4 years until I was given the all clear (ie had enough of my own cash to pay back the inheritance). This amount was later invested in 2014 or so. Windfall #1. Edit: Since people asked. The $45k was a portion of real estate sale in my home country for property that my biological father owned with my fathers side of the family. Every head of the family that had a hand in the property received $2M but since my father passed away, and I being the male heir who didn't have a living father to fight for the claim, got royal fucked. It was funny because the family was so adamant I take the $45k, but it wasn't disclosed to me that the share was $2M. There is no contract no record of ownership that included my father, it was a family covenant among all the living brothers and my grandmother. But my grandmother was suffering from Alzheimer and could not longer guide the family. +5. **Controllable:** My first estate purchase was $33k in 2014 and I worked on the renovations myself costing $7k. I lived in my first condo then left after two years and rented it out. I later sold it for $63k in 2019, netting $57k after fees/cost. Finding cheap living situation is a top 5 for all successful FI strategies. +6. **Privilege:** My second real estate purchase was in 2016 and I received $28k from my parents as a gift. This is something I need to point out as it was not from my own work, it was given and a privilege. Windfall #2 Edit #2: This amount came from my step father. He came into my life right around my junior year in highschool (didnt marry my mother until Senior year in college). He was well-to do and takes care of my mother. I respect him for basically gifting me this amount, I help him manage his 401k. +7. **Privilege:** I received an early finance education when I was 12 years old. I received an easy to understand book about money/fiat currency and securities. So I knew my way around the concept of money/investing asset classes in middle school. Priceless windfall. Edit: ~~heres the book (The Book of Money: Everything You Need to Know About How World Finances Work; Paperback; Author - Daniel Conaghan)~~ So I can't for the life of me remember the exact title, the book i mentioned isnt the same one as it was published in 2013... I will have to search high and low for the book if I still have it at all... +8. **Privilege:** I landed a high paying role in the right market cycle time. From 2013-2019, total pay never fell below $110k, reaching as high as $170k. Averaging $135k overall. +9. **Controllable:** I house hacked for most of my adult life, so either slumming it in a cheap condo or sharing a home, I’ve kept my month housing costs below $500/mo. +10. **Controllable:** I killed my accent over the years when I learned English. Also, I quickly adapted to corporate America and learned how to deal with people and make myself more palatable. Admittedly, there’s a glass ceiling for me (as it exists for many others regardless of gender or race), but I’ve been able to find my niche in the middle. +11. **Controllable:** Formal finance education, applied to personal life helped me overcome many “behavior finance” pitfalls or fallacies (sunk cost, mental accounting, loss aversion). Richard Thaler spells out some interesting concepts in the book, “misbehaving”, google and YouTube the concepts if you don’t want to read it. Interestingly enough, the "loss aversion" theory is applied to sales technique such as "The Challenger Sale", if you guys happen to be interested in sales and are looking for additional skills and methods for your sales role. + +**12.** **Controllable:** I don’t have children or married the wrong person. This part is mainly my choosing but also I’m glad I didn’t accidentally start a family. While I don’t have a dual income, I also don’t have expenses that are beyond my control. The risk and return for this setup is optimal for my life. + +# Here’s what I learned along the way. + +1. **Finance education is always useful**. I don’t know how all the parts of a cell (other than the mitochondria) but I sure do understand risk, volatility, regressions, and other finance related concepts. My side hustle is to keep learning more concepts and develop my knowledge. I know what I know but I also can identify where I am in over my head, it’s helped me avoid a lot of bad decisions. +2. **Income growth scales better than frugal savings long term**. It’s good to be frugal but there’s a time cost to being frugal, if I had to focus energy in only one place, it would be on increasing income (improving my skills) long-term. This is not a message to say being frugal isn’t important. But I see way too many folks spend hours doing “frugal” things when they could have used the same time to invest in themselves. +3. **~~House hacking~~** **(jeez) \*ahem\* Splitting housing costs whenever possible** has been a big driving force for my savings rate. Housing costs can ruin a good SR all day. Don’t be too proud to live with roommates. Buy a shitty starter condo and if you can average $300-$500/mo in housing cost, you’re going to stack a lot of capital quickly. No matter what income level. (example: I kept my condo to rent out because between the rents of the condo, roommate/airbnb, equity payment portion, and tax write-offs, I basically lowered my housing cost to effectively $0 for a few years) +4. **Stay humble and never be afraid to explore opportunities**. Sometimes we only see the traditional progression of our careers. I have never met anyone (other than the medical field) that are doing exactly what they went to school for. Successful people adapt and jump at opportunities. Tunnel vision is our worst enemy. This will be the second time in my career where I took a **pay cut** so I can learn a new skillset and experience. After 3-4 years, I will repackage my skill sets and experience and chase after a “Director of Development” for a mid-size company and seek a $200k+ salary. Plot things out on paper, if things go as planned, great. If they do not go as planned, its ok, adjust and adapt. +5. **The goal is to scale your labor hours and automate away tasks**. You are invested, that’s a great first step. The next step is investing in education (learn finance and behavioral finance) so you’re more efficient and effective in your decision making. Next, drop “tasks” as the labor hours involved in tasks aren’t worth the savings in the long run. Seek short cuts or outsourcing to automate those tasks. Do what you must in the meantime to save cash, but seek to be more efficient with your labor hours. +6. **Stay healthy by managing your food and exercise**, control what you can and hope the genetics don’t doom you to any major sickness. Smoking or alcohol adds costs and provides no value. Pick a sport that you can play life-long. Such as tennis or cycling. Sports is cheap entertainment. +7. **Seek to always learn new skills at work**. If you check in and check out, you aren’t investing in yourself. Investing in yourself has 100% ROI. Learn skills outside of your job scope. Ask to work on projects you aren't responsible for. List them on paper and collect those projects and skills like pokemon cards. Play your hand later when the time is right. +8. **Education like all things, is an investment, there are good investments and bad investments**. Don’t to a private school or get a hard to recruit major. Company recruiters are measured based on which school (business school, engineering school, etc) within the university they recruit. Big state schools are always hot on the charts for them. Smaller private schools (unless it’s an ivy) aren’t even on the radar. Even if I had student loan debt out of college, a public school tuition was around $12k a year, and room and board around another $15k (roommates and scrimping). So even a total debt of $25-30k would still be a good risk/reward trade for the degree. +9. **All decisions/projects have a risk and reward**. The fear isn’t overestimating the reward (we often underestimate it) but rather we under assume the risks (aka costs). Risks are hidden and normalized in most projects. List them out no matter how weird or small. Risks are basically just a series of “costs” that aren’t full calculated, adjust for this in your project. +10. **Be a professional, at everything you do**. I got my first job by being rejected after the interview. Everyone I knew that interviewed got offers but I didn’t get an offer. I had recruited with the company for most of the semester and put in a lot of work getting to know the recruiting staff. Unfortunately, they did not select me to intern for the summer. I was torn and angry, but I decided I was a professional and wrote the head recruiting manager a nice email thanking him and appreciating his consideration and time. I wrote that email with the idea that, no matter how I am treated, I am a hard-ass professional and rejection doesn’t change a damn thing. The recruiter called me a week later and said someone had rejected the offer and he said I was the **only person** who sent a thank you letter. He offered the spot to me. I accepted and worked my ass off. +11. **Understand your reality but do not let it fully define you**. I know that when people read about my windfall or high income they roll their eyes and probably think. “yup another high income lucky asshole”. That’s ok to think that, but if you live your life in the negative and throw your hands up in defeat with a mindset of “not everyone can get a high paying job etc.” then you are correct, you won’t get a high paying job. We all know that billionaires and the rich have the system on lock. I’m not going to lie to you about that reality. But there is still opportunity to lift one-self to the next few levels. Having a better future is still success in my book, even if you aren’t a billionaire. My income wasn’t high initially, it might not remain high forever, but you can be sure that I will continue learning new skills and refining my craft. Even if I have to take a step back in earnings (like I did recently) to better position myself for future growth. + +Thanks for reading. + +&#x200B; + +PS: I received a few messages about my writing style and techniques. I am not a writer and the post was certainly not a polished piece of literature. However, the post contained several key elements of essential business communication techniques. Featuring... bulleted lists, executive summary style headings, and organized information sections. Far from perfection, I still commit the flaw of "I" in most sentences and structure them in passive voice. Admittedly, I also still struggle on the style issues (even in the professional setting). + +If you are interested in learning a new set of skills for your professional role. Please take a look at **Essentials of Business Communications**. I am not affiliated with the publisher but it was a great resource in college. + +[https://striveonline.shop/products/essentials-of-business-communication-11th-edition-pdf-ebook?variant=28403657670736&currency=USD&gclid=Cj0KCQjw1MXpBRDjARIsAHtdN-3Pjj3QetRuvnzSA\_bQ9DxcPYgrpIpR\_NM8I9VfMesSDtUYhNxiXlQaAkfoEALw\_wcB](https://striveonline.shop/products/essentials-of-business-communication-11th-edition-pdf-ebook?variant=28403657670736&currency=USD&gclid=Cj0KCQjw1MXpBRDjARIsAHtdN-3Pjj3QetRuvnzSA_bQ9DxcPYgrpIpR_NM8I9VfMesSDtUYhNxiXlQaAkfoEALw_wcB) + +Well written executive summaries or emails set you apart from the crowd. Vice Presidents and senior leaders don't have much time to digest information, so form an easy to understand email or summary (with a story telling flow) helps them understand a new concept or issue/situation. This empowers them to understand and then to decide on a course of action. Empowering someone and making your ideas easier to understand are great soft skills for the corporate environment. +Good evening Superstock! + +I hope everyone is have a great weekend. + +Like Dr. T said. DRS is a gamechanger. It really is that simple. + +The reason we are seeing JPM suddenly talking about squeeze conditions, is the powers that be are scared shitless. + +Gme holders have been though a lot the last year: Hearings, buy button disabled, lawsuits, all those new regulations that we thought would put a end to this months ago, and some of the most insane price action that any stock has seen (mostly without news) + +A float that is completely locked in DRS means one thing: the party is over. It really is that simple. A locked float shows fuckery and egg on the face of the DTCC, SEC, congress..you name it. Can you imagine the epic finger pointing and blame? I cant fucking wait. + +All the lies and the rigged games are over. + +DRS is literally the worst thing that could happen to anyone in power. + +The only play that makes sense is the idea of a "fake squeeze" or squeeze conditions as JPM puts it, is a literally the only play. Drive up the price and hope people sell. + +It does two things, with retail pouring in, it slows the buying power of the DRS crowd (remember how this popped of 130?) and causes people to gamble on way OTM options (please dont fucking do that) + +Shit is gonna get wild, and really quick. There will be no margin calls. Fuckery will be at all time high. + +Not financial advice, but I'm not taking any chance. + +Edit: Grammar spelling. Also realizing JPM directly benefits from any positive run, any profits can be used on puts to drive it back down....DRS, Hold, and maybe hit your local ski hill. NFA + +Edit 2: it took roughly 33 mil shares to drop this from 250 to 130ish in like 3 weeks. I'm sure everyone that owned the float decided to sell all around the same time /s +How come some people on AusFinance are anti Barefoot Investor/Dave Ramsey. Is it because their advice is simple/ common sense to get people out of debt and AusFinance is more about wealth building? I see comments everyday about the average salary in here being $250k but a lot of the questions are actually pretty basic financial ones which makes me think some of the people could start by researching BFI and DR 🤔 +Hey, + +A writeup of my experience installing solar in QLD, Australia, and my expected returns. + + [https://medium.com/@david\_69323/solar-in-australia-a-better-investment-than-shares-a5c1227f305c](https://medium.com/@david_69323/solar-in-australia-a-better-investment-than-shares-a5c1227f305c) +Hey, + +A writeup of my experience installing solar in QLD, Australia, and my expected returns. + + [https://medium.com/@david\_69323/solar-in-australia-a-better-investment-than-shares-a5c1227f305c](https://medium.com/@david_69323/solar-in-australia-a-better-investment-than-shares-a5c1227f305c) +Hello folks, + +I built an stock predictor program, and the first step is to do a daily refresh of about 4600 stocks to get up-to-date historical data which I then save locally. The problem is that I am using Alpha Advantage, which has a rate limiter for about 1 per second. It works well, but the daily data fetch takes around two hours, which is pretty killer when the real calculations haven't even started yet, which can take another 2-3 hours. + +I was wondering if anyone else had API recommendations that either had no, or more generous, rate limiters but that still had an adjusted close, open, and close data field for full historical data. +**EDIT:** From u/Conscious_Student_37 through a DM to me: +*I can’t post in super stonk but I think there is some confusion about how to submit evidence of securities fraud +The DOJ site for reporting fraud is here: https://www.justice.gov/criminal-fraud/report-fraud +The securities fraud link directs here: https://www.sec.gov/complaint/select.shtml +Which lands you right here: www.sec.gov/tcr* + +**EDIT 2:** Fixed a couple of typos in the message, thanks to a few Apes pointing these out. + +**EDIT 3:** I also used the same message below to fill out the SEC form linked to in EDIT 1 above. It takes a little longer, but you can opt in for the Whistle-blower programme. Potentially receive 10-30% of any fines levied from the criminals! + +**EDIT 4** Let me just add that I am not a US Ape and don't live in the US. Neither the DoJ nor SEC reporting systems had any restriction, which made them applicable to Americans only. The SEC form does require filling out address information, if wanting to be eligible for a potential Whistle-blower payout, but allows entry of a country other than the US. + + + +**Here is the link to use:** + +[https://www.justice.gov/doj/webform/your-message-department-justice](https://www.justice.gov/doj/webform/your-message-department-justice) + + + + +**Below is my message:** + +Dear Sir/Madam, + +I am a retail investor and hold shares of a company listed on the New York Stock Exchange named GameStop Inc. (ticker: GME). I wish to call to your attention the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010, specifically Section 4c(a)(5)(C) regarding the illegal market manipulation known as "spoofing". It is my belief that GME stock underwent spoofing by multiple financial institutions on Tuesday 1st March 2022, and I along with other shareholders of GameStop are therefore victims of crime. + +This video uploaded to YouTube, a recording of GME trading that took place towards the end of market hours on the above date, shows clear evidence of spoofing: [https://www.youtube.com/watch?v=Cw-uoBZucsI](https://www.youtube.com/watch?v=Cw-uoBZucsI) + +The specific financial institutions evidently partaking in the criminal action can be seen to include at least the following firms: + +Citadel Securities LLC, Citadel Derivatives Group Llc, SUSQUEHANNA SECURITIES, Susquehanna Financial Group LLP, Two Sigma Securities, LLC, VIRTU FINANCIAL BD LLC, GOLDMAN SACHS &amp; CO. LLC, SG Americas Securities, LLC, LATOUR TRADING LLC, HRT Financial LLC, MORGAN STANLEY &amp; CO. LLC, CANACCORD GENUITY LLC., SUMMIT SECURITIES GROUP LLC, The Vertical Trading Group LLC, Maxim Group LLC, BMO Capital Markets Corp., SVB LEERINK LLC, Wedbush Securities Inc., WILLIAM BLAIR, INTL FCSTONE FINANCIAL INC., Barclays Capital Inc./Le, MERRILL LYNCH, PIERCE, FENNER &amp; SMITH INCORPORATED (aka Bank Of America), WELLS FARGO SECURITIES, LLC, JMP Securities LLC, Robert W. Baird &amp; Co. Incorporated, UBS Securities LLC, Raymond James &amp; Associates Inc., KEYBANC CAPITAL MARKETS INC., GTS SECURITIES LLC, RBC CAPITAL MARKETS LLC,Cowen and Company LLC, ALTERNATIVE EXECUTION GROUP, G1 Execution Services LLC, FLOW TRADERS U.S. LLC, IMC FINANCIAL MARKETS + +I would appreciate if the DoJ look into this matter, in order to protect the rights of retail investors and uphold the aforementioned laws and regulations. + +Kind regards, + +X + + + + +**Procastination is the enemy of success!** +I lost a family member recently who never had any children. Because of this, I'm inheriting a family trust that I understand generates income every year, with an average of six figures a year. + +I'm currently in between jobs and was considering a career change before this all happened. I haven't told my boyfriend I live with yet that this is coming (he just knows there's a will that's still going through probate, and that my family member may have left me something), and I wasn't really planning to tell him about all of the details of the trust unless/until we got married. In the meantime, I've been dragging my feet on getting a new job until all the legal protocols are settled and I know for certain what is coming. I think my bf may be starting to get frustrated that I haven't found a new job yet while he works, even though I have plenty of savings and have never had issues splitting bills/activities evenly with him, but I'm starting to feel under pressure to take the first opportunity that comes, even if it isn't my dream job - just to work. + +The main point of this is - if you were to receive passive income for the foreseeable future, I'm curious what you would do with the money, and how you would spend your time and/or what job would you want to do? + +Apologies in advance if this should be posted somewhere else. +I've got 200-300 to mess with which I understand isn't a lot but I'm in high school with a summer job and that's 30% of my income. + +I looked around and investing this low it seems to be that Robinhood is my best option because of their lack of account fees, please correct me if I'm wrong + +Is there anything I should know right off the bat about investing, all I really know is you buy and sell and different stocks rise and fall depending on the state of the company. + +At this age how safe should I go about this, I always hear when you're young try risky investments but does that still apply hear +Do you guys think they will ever record profit? This article says majority of losses are due to subsidies to drivers. If they need to subsidize their drivers with investors money to remain competitive what will happen when investors will stop pouring cash into company? What happens when they stop subsidizing drivers? I know driver-less cars are on the horizon, but if they won't materialize quickly enough they'll end up in trouble. + +http://www.bloomberg.com/news/articles/2016-08-25/uber-loses-at-least-1-2-billion-in-first-half-of-2016 +##The forbidden fruit   + +*FUD* can take many forms, each more insidious than the last. In general, an effective way to spot it is to pay attention to any information that seems to come up too often, and then to ask yourself: is this real information or is it a rumor?   +If the answer is "a rumor," then I assume it's a potential FUD. If I hesitate, I also conclude that it is a potential FUD.   + +Why do I mention this?   +Because since the beginning of our journey, I've been reading regular warnings about wealth and post-MOASS money management. As if it was some kind of forbidden fruit.   + +*"70% of people who won the lottery went back to being poor after one year"*   + +*"You will lose friends and family, who will be jealous of your wealth"*   + +*"You will definitely need to hire a financial advisor or you risk losing everything; you don't know how to handle this money"*   + +*"Money doesn’t buy happiness. Your wealth will not make you more satisfied with your life.»*   + +Or   + +*"The risk of dying murdered or by drug overdose after making a lot of money is very high"*   + + +###This is FUD.   + +Why FUD, you may ask? Because all these sentences and recommendations are aimed at one thing: scaring you and making you believe that the solution to what you’re looking for will never be wealth ("there is nothing to see in wealth, move along!"). In other words, to keep you away from huge amounts of money. To keep you away from their territory.   +  + + +**The dominated participate in their own domination**   + +You know these sayings. They have become part of our common language, of our expressions and are an integral part of our literary and audio-visual culture: money does not buy happiness. Poor people seem to have a more authentic life, filled with emotions and strong affective relationships.   + +These sayings are partly there to reassure us of our condition. To soothe our suffering in reassuring and positive autosuggestions. But they are also there to maintain the system in place: the elite uses them to legitimize their condition, to consolidate it.   + +By conveying these kinds of sayings, people are appeased, making them believe that being in the 1% is not a gift; on the contrary, it is rather a burden. "Flee, you fools! Wealth is not for you. It is unpleasant, difficult. ». Do you see how it is made to keep us away from wealth ?   + +And don't get me wrong, the people who says these sentences don’t always spread FUD on purpose. They have heard it, believed it so now they repeat it. That's how propaganda works.The poor who repeats that money does not make you happy (to reassure himself), as well as the rich person who repeats it in turn (to legitimize and relieve himself of guilt): both are victims of propaganda. It is a self-justifying system that creates propaganda automatically; a form of auto-FUD.   +  +And thus, please allow me to debunk a few things.   + + +####**Winning large amounts of money is dangerous**   + +Winning the lottery, in reality, is not associated with an increased risk of death, nor with squandering one's health and wealth.   +Their happiness did not change before and after winning the jackpot (you'll notice it didn't decrease either), but their overall life satisfaction was significantly increased. I don't know about you, but I have a higher regard for satisfaction than happiness.   + +https://www.nber.org/papers/w24667   + + +  +####**When you win big money, you lose it all a few years later**   + +This is a popular saying, backed up by some rare cases. In reality, people who have won the lottery seem to have retained their wealth well beyond 10 years after winning the lottery. Contrary to popular belief, they seem to work less and spend their money wisely.   + +https://www.nber.org/papers/w24667   + + +  +####**Money does not make you happy**   + +While winning the lottery doesn't seem to increase happiness, studies indicate that wealth is more often associated with increased well-being and happiness in life, including improved health, education, leisure time and security that comes with being rich. And you're not going to make me believe that spending half of the year traveling on different tropical islands doesn’t bring a little bit of happiness ?   + +https://academic.oup.com/oxrep/article-abstract/30/1/92/558208   +https://onlinelibrary.wiley.com/doi/abs/10.1111/j.1475-4932.2004.00181.x   + + + + +####**You need to hire a financial advisor**   + +Sure, you can. But do you have to? Absolutely not. It's up to you to assess where you are and your ability and desire to manage your money. Would you rather stop thinking about it and chill? Then hire an advisor. But let me remind you that it was you who decided to invest in GME; it was you who got where you are, not your advisor. That shows you know how to make good financial decisions, or am I wrong?   +But again, it's your decision. Don't hire someone just because some guy on Reddit says you should. Especially if it's going to end up in the hands of an advisor who operates on the fraudulent and corrupt pre-MOASS system. + + + +###**Bottom line** + + +I guess my point is :   +- You deserve to be rich and it will feel good! + +- You will be more satisfied with your life + +- You will be more secure, both in your health and in your finances and in life in general. This feeling of security will free up a lot of mental energy that you can spend on your personal development, which should have a direct impact on your happiness + +- You'll be spending more time in the sun sipping Caipirinha; don't forget to wear sunscreen! And drink water. + +- You're not going to squander all your money (unless that's your goal); billionaires don't have superior abilities to you. Contrary to what they think of us, we are not beasts, we are apes. + +- Take a financial advisor if you want one or don’t; it's your choice. But choose well if you do. If your money is used to short small businesses, I'll hunt you down (when i’m not sipping Caipirinhas).   + + +In the meantime, just buy and hodl.   +And see you soon on the moon (one of Saturn's moons, at this rate)   + +*[obligated rocket emoji]* + + + + +Edit: formatting +UPDATE: There was a meeting last night, apparently. time line is sign contracts in 2023, move in 2024. + +hey. little background before i get into it; i’m 24, the house i live in is paid off (parents house), i’m the owner and i live alone (parents moved). i got a letter a few days ago stating that a company wants to buy all the land on my stretch of road, and they’ll be paying homeowners between $910,000 to $1,000,000 per acre. i live on 3.6 acres and i’m about 20 minutes from DC. i think the current estimated value for my house is about $850,000 (parents got it for \~$290,000 in the early 90’s). there’s a meeting regarding it ~~in mid april~~ on 5th april that will be between the company and the community. + +the letter feels kind of surreal to me as i never ever thought this would happen to me. and the dollar amount sound insane, especially considering some of my neighbours live on 10 \~ 15 acres. pretty much everyone that i talk to in my community has said they’re highly interested and they got the same letter. + +what kind of questions should i ask at the meeting? what key points should i look out for? and, if i do get paid, what the heck do i do with all that money? +Hi! + + +Basically I’m a novice trader and want to keep my losses to a minimum (yeah, right) as I don’t have that much of a sum to trade with. + +So I took a “genius” decision to start with basically two approaches: + +* found this app that told me to invest in Domino’s → actually took a 4% profit +* basically just believed in overall GameStop hype → let’s just say, that I just lost a lot + +Basically I realise that was all done without much thinking (especially the second one) and looking for some advice on how to stop gambling and start actually trading. +I did found some tutorials on basics on this app, but still either don't get it or don't trust the whole predicting thing. + +What do you guys think about this, is maybe some advice on how to build my approach? + [bduy](https://www.reddit.com/user/bduy/)[7 minutes ago](https://www.reddit.com/r/Superstonk/comments/muzbp3/new_dtc_rule_came_out_dtc2021007/gv8vcid/?utm_source=reddit&utm_medium=web2x&context=3) + +When settling debts between parties, the current system allows an + +"agreement between the parties provides for an adjustment unknown to DTC. The parties can settle the adjustment away from DTC or one of the parties can submit a manual adjustment via the APO service. Unfortunately, manual processing of adjustments via the APO service is subject to a number of shortcomings. For example, the adjustments are not subject to DTC’s risk controls" + +They are trying to make the debt claim process more transparent and streamlined, especially with their own risk parameters. + +TLDR: DTCC wants everyone to be like the Lannisters. + + +\---------- + +New DTC came out DTC-2021-007 Don\`t know what this is Anyone have an idea? + +[DTC-2021-007](https://www.dtcc.com/-/media/Files/Downloads/legal/rule-filings/2021/DTC/SR-DTC-2021-007.pdf) + +DTC + +Update the DTC Corporate Actions Distributions Service Guide + +[https://www.dtcc.com/legal/sec-rule-filings](https://www.dtcc.com/legal/sec-rule-filings) +Hello, investments experts! + +A few years ago, my grandparents passed away and my mom received some money as her part of the inheritance. One of her friends advised her to make some investments for the times she retires and she won't let go of that idea. + +After hours of googling, she decided she wants to buy a house or a condo in South Carolina (she always dreamed to live near the ocean). Asked if she is planning to move to another state, she told me that she wants to buy it for rental and that she's not planning to live there until retirement (that's another 17 years). + +After consulting with her husband (who believes himself an expert in everything) and her accountant she became even more determined to go through with the whole plan. + +She already made an appointment with a Real Estate Agency like this one [https://www.homeguidemyrtlebeach.com/](https://www.homeguidemyrtlebeach.com/) and next week I'll have to accompany her while she will meet with the agent ("This will be your inheritance!" she says). + +I'd like to know if this idea is worth the effort. Honestly, I'm afraid that it will cause only problems and no profit. First, it will take some time till she'll find a place she likes (it takes her weeks to chose a pair of shoes) and I'm not sure that she won't decide to renovate it. Second, the number of fees she'll have to pay gives me chills and the feeling is not the best investment. And also, how about those hurricanes that periodically shatter the coast? + +Maybe it will be better to buy some property near Springfield since the rental payments in South Carolina are lower? I'm worried that all this investment plan will turn up to be a loss of time and money. + +Since I don't know anything about the real estate market, + +I'd be grateful for any piece of advice. + +Thank you for sparing a minute of your time for me. +Greetings world, I hope everyone is ready for a beautiful day of trading sideways 😁 + + +Current price "115 minutes in: 158.93 US-$" + +FAQ: + +Where do you get our numbers from? +- +I trade through my bank account and just refresh the page to see the current price. I then use my conversion app ( Euro to US-$ ) and post the result. +I try to post every 5 minutes, but I am at work so I can't guarantee it 😄 + +Why are your numbers different from the ones I'm seeing online? +- +My banking app shows me the best price that I can sell for right now...it compares Frankfurt, Munich, Stuttgart, Berlin, Düsseldorf, Hamburg, Xetra and "Direkthandel" (meaning "direct exchange"). +That's why my movement may differ from your sources online. + +I don't trust those germans, look at what they did in the 20th century...can I get another source? +- +Sure, you can take a look here...just remember to convert from € to $! +https://www.ls-tc.de/de/aktie/gamestop-aktie + +Can you post the volume too? +- +I can't see the volume on my banking app but you can find it online or probably in my comments, since some friendly apes talk about it often. +But remember how low the volume is in the US pre-Market and we're talking pre US pre-market here so I think that the volume doesen't reeeeally matter this early into the trading day. + +Why are you doing this every day, what's the point of posting these numbers, since the volume is nothing compared to the one in the US? +- +I think that it's less about the numbers, it's to show that every minute of every day, there is an ape who's holding GME. +Look through the comments, there are people from all around the world just wishing each other a good morning, how awesome is that? +I think that this feeling of camaraderie is critical, it's good to know that I'm not the only one liking this stock. +I'm holding since november and I will continue to hold for my brothers and sisters. +We are not a union, we are all individuals who like the stock, but we're still family! + +Starting: 158.63 US-$ + +5 minutes in: 158.75 US-$ + +10 minutes in: 158.69 US-$ + +15 minutes in: 158.63 US-$ + +20 minutes in: 158.63 US-$ + +25 minutes in: 158.63 US-$ + +30 minutes in: 158.75 US-$ + +35 minutes in: 158.75 US-$ + +40 minutes in: 158.69 US-$ + +45 minutes in: 158.69 US-$ + +50 minutes in: 158.63 US-$ + +55 minutes in: 158.57 US-$ + +60 minutes in: 158.45 US-$ + +65 minutes in: 158.63 US-$ + +Aaand we're back at the beginning... 😴😂 + +70 minutes in: 158.63 US-$ + +75 minutes in: 158.69 US-$ + +80 minutes in: 158.93 US-$ + +85 minutes in: 158.93 US-$ + +90 minutes in: 158.93 US-$ + +95 minutes in: 158.93 US-$ + +100 minutes in: 158.93 US-$ + +105 minutes in: 158.93 US-$ + +110 minutes in: 158.93 US-$ + +115 minutes in: 158.93 US-$ + +The US pre-market is about to open so that's it for the day 🇺🇸 +Remember to relax, shorts have to cover eventually so take a deep breath and have a good day! +I'll see you beautiful apes again tomorrow 🦍 +https://www.bp.com/en/global/corporate/news-and-insights/press-releases/bp-to-exit-rosneft-shareholding.html + +>bp will exit its 19.75% shareholding in Rosneft. + +>Both bp-nominated directors to resign from Rosneft board with immediate effect + +>bp will no longer report reserves, production or profit for Rosneft + +>Changes in accounting treatment of Rosneft shareholding expected to lead to a material non-cash charge + +>bp’s financial frame and distribution guidance remains unchanged. +https://www.cnbc.com/amp/2021/10/13/jpmorgan-jpm-earnings-q3-2021.html + +- Earnings of $3.74 per share vs. $3 per share estimate of analysts surveyed by Refinitiv. + +- Revenue: $30.44 billion vs $29.8 billion estimate. + +The gain came after the bank released $2.1 billion in reserves and had $524 million of net chargeoffs in the quarter, New York based JPMorgan said in a release. The bank produced $3.74 per share in earnings, which includes a 52 cent per share boost from reserve releases and a 19 cent per share benefit tied to a tax filing. + +The bank “delivered strong results as the economy continues to show good growth - despite the dampening effect of the Delta variant and supply chain disruptions,” CEO Jamie Dimon said in the statement. “We released credit reserves of $2.1 billion as the economic outlook continues to improve and our scenarios have improved accordingly.” +Just curious, I started around 1 month ago and still only loosing money was wondering if it is thr same with you + +Edit: im not complaining I was just curious if traders are usually profitable. Sorry. +All these “news” article headlines are getting so old. I don’t even bother reading them anymore. I will say these are most likely not good “selling” prices but yes prices COULD fall even more.. prices also will most likely rebound once some negative macro economic activity slows down (hopefully later this year) so this COULD be a good time to buy. + +With that, I just saved you time in reading literally every single article with a headline similar to the one above 😒 +I have invested in Degiro in the VUSA ETF. The plot of the ETF follows the S&P (1 month data) but the S&P is down 0.5% and I am down 2.6%. I have not performed any other transaction, just bought 10 pieces of that ETF. + +I can't undestand the reason for the discrepancy. Any ideas? Any hidden costs i don't know? +FYI I know Reddit is a bad place for financial advice, but I like to hear others opinions. + +I feel like instead of putting it all into something “safe” like Bitcoin and waiting ages for a small gain, I should split it up. Probably into smaller cheap coins that could potentially spike. Thoughts? +I understand that it has the highest market cap, but why does it control the price of seemingly all the other coins? When it is in a bear run, all the alt coins also bear. Why? +My wife and I have been looking for somewhere to rent for over 2 months. Ended up meeting some people on FB and have now _finally_ found a place that’s accepted our offer (4 of us total). + +The flat is a 3 bed in Dalston, with 3 bathrooms and a very spacious living room. + +One of the people we’ve decided to rent with has let us know last minute that he’s about to have a big drop in his salary, and can no longer pay his £1000 share of the £3500/month rent. + +We previously agreed the rent would be split £1500 for me and my wife, and £1000 each for him and the other girl. + +I redid my budget and saw that I could pay some of the difference, but said I’d only do that if I got to put my desk in the communal area. + +So rent will now be split: + +925 - guy +1000 - girl +750 - wife +825 - me + +Obviously my wife and I are sharing 1 room so although the guy has agreed to my offer, I’m now wondering if I’m being stupid for agreeing to pay 950 including bills to share a room with my wife. We’ll be paying 1825 total for rent and bills together. I take home ~ 2k a month give or take depending on overtime. + +Edit: sorry since most of you are saying the same thing and I don’t want to reply to everyone individually: + +1. Regarding sharing, my wife has been depressed and lonely the past 2 years because I work antisocial hours and I’m not home as much as she’d like. Sharing is for her to be able to have people around, and I enjoy sharing as well. Aside from that, sharing means we can have way more living area space as well + +2. Where are some of you finding these deals?? £1350 for a 1 bed in Dalston seems insanely cheap for what the market is right now + +3. We can’t move out of London because we both need to be here for work, and also want to stay close enough to friends and the lifestyle London offers + +4. Aside from this issue with him not being able to afford what he previously offered, he’s been great, and the other girl (his friend not girlfriend) also seems solid and the type of person I’d want to be friends with/live with + +I am newly married and my wife is in school to be a hair stylist. I work full time. The rent we pay is $1040.00 every month for a 2 bed 2 bath apartment. It’s about 1300 sq feet. Our complex was bought out and is under new management. They are now advertising the same apartment model we live in for around $1600 a month. So in about 6 months that’s what we will pay. Other safe/good apartments in the area have comparable rents to what we will be paying if we stay at the current place when the lease ends. It’s INSANE. I don’t want to move into a apartment complex that isn’t safe. I don’t want her being a line there while I’m at work and have to worry about something happening. Should we just go ahead and buy a house? Cause at that point, $1600 is a mortgage payment for some pretty decent houses in the area. (I live in GA) + +I currently make around 45K a year. I have a 10K car note. 3300 in student loans 10,000 in credit card debt :/ (I know) + +My wife currently doesn’t work and has/will have around 10k in student loans. + +What should we do? Any help/advice would be appreciated. +If at expiration date the stock price is still below the strike price of my CCP. Does it just happen automatically at expire, or can it be assigned before the expire date? And who triggers this assignment? I know sometimes the goal is not to get assigned but I am just curious. +In the US. Did taxes today (because we for some reason always file for an extension despite getting a small return; yes, I know that is silly). The CPA was confused about some records, and I had to convince him to Google "mega back door Roth" as well as "custodial Roth." I realize that neither of these is something that the standard suburban household would use and that we have a rather dorky obsession with reading Mr Money Mustache and related niche sites. However, it surprised me that he had never heard of these strategies. Should these sorts of things be in the wheelhouse for a CPA? + +For the record, we have used this CPA for several years after ashtrays doing our taxes ourselves until a particularly complicated year when he not only worked out the complications with ease but also introduced us to quite a few deductions that we had no clue about. He has saved us well more than his $200 fee every year, and I have never questioned his abilities, and I am not exactly questioning now much but am mostly curious if my surprise is warranted. +Hey everyone, + +So I just inherited $75,000 from a traditional IRA from a non-spouse. After a brief conversation with an accountant that offered free basic advice I now know that I have two options: + +1. Take a lump sum and access the cash right now but pay taxes on that money and increase my tax bracket. + +2. Transfer the money into an inherited IRA account and withdraw the money within 10 years. + +Here’s the catch: My wife and I are currently on one income ($65,000/year) because my wife is currently in nursing school for one more year before she graduates AND I’m trying to buy a house soon after she graduates. + +Because of these variables the accountant suggested that I cash out the inheritance in one lump sum and take the tax hit because having that money in the short-term to put towards a house payment combined with being on one income (which puts me in a lower tax bracket filing jointly) will be more appropriate to my situation than keeping the money in an IRA and hoping the market does well over the next year before taking it out to buy a house. The market could very well crash between now and then, leaving me with far less cash to purchase a home. + +An additional important detail is that I have another $75,000 sitting in an index fund that I was planning to cash out and use towards a down payment on a home. We’re looking to buy a home in the $300-$350k range. + +My question is should I just leave the $75,000 from the IRA alone to grow over the coming years and just use the $75,000 from the index fund as a down payment? Or would I be better served to take advantage of my one-income lower tax bracket situation and cash out the $75,000 from the inheritance (which will be $47,000 after taxes) and use that money together with the $75,000 from the index fund as a down payment? + +Interested I hear your opinions, thanks in advance! +This post will eventually be attached to the sidebar, similar to the Broker and platforms post to reduce repeat posts and noob questions. + +&#x200B; + +There is a lot of confusion about Futures and indexes around here. Time for people who know what they are doing to explain how they work, why you need to pay attention to them. Their slightly suspicious role in markets as of late and how the points matters. + +&#x200B; + +We will keep the post up for people to post their knowledge for few days. +# 8/25/2022 @ 1:27 EST + +# Just got banned from superstonk for this post. Wasn't given a reason either. The sub is 100% compromised and you can bet the information you are seeing is information certain people only want you to see rather than what is important to see based on a communities approval. + +# I'm going to be brutally honest right now. + +If you think this community is where it is today because of censorship, ***you are VERY wrong.*** You better take your woke ass to that library on the front page and learn your history because this community is the ***exact opposite of censorship***. There are 820,000 people in this sub who value their investment around the quality, integrity and liquidity of information that the community facilitates and the mods protect. ***Folks, this is REAL MONEY!*** With 820,000 people in this sub, we're talking about ***MILLIONS of dollars at play here*** all operating around the integrity of information passed on here and if censorship of information related to GME happens, everyone of those investments becomes impacted! This sub should be treated like a multi-million dollar operation and censorship is making top posts? + +# HELL NAW! + +If this community falls prey to censorship, ***everything will eventually become censored.*** First Cramer, then Gary Genslar, then FINRA, the DTCC, all the way to dlauer the moment he expresses opposition to this kind of behavior (censorship). The means to facilitate discussion will completely collapse all because of a *few pathetic individuals who need their fragile emotions protected*. Your investment comes before someone else's need for emotional validation and this community is not afraid to express that. I literally watched 250,000 users migrate in one day to a new sub after u/purpledragon abused her power in r/GME as a mod because her emotional needs came before everyone in the community. If these people calling for censorship get what they want, I promise you there won't be anything for you to censor by the end of the week. This entire sub will move around you and the others that need censorship. You'll be left to yourself where you can be safe OR, get this, you can fucking leave. Go form your own safe space somewhere else rather than bitching about having people conform to what you want. + +If you have emotional problems with what Cramer says or people who post about what Cramer says, ***that's your fucking problem***, not the communities or the mods. It's pretty fucking pathetic to see 2,000 people upvote such a post but guess what? **There are 820,000 people here, so good luck pushing this stupid agenda.** + +The top posts here rarely ever have posts about Cramer anyways and if they do, it's almost ALWAYS because we're mocking him. How can you take shit like this emotionally or as a threat then turn it around as if it's a threat to everyone else because of how you feel about it? Can't you see how devoid of logic this behavior is? How can you not see that ***it was the community itself*** that brought it to the top of the sub, not Cramer himself you soft rotund potato. Nobody here is regurgitating what he is saying about retail investors or GME either. Nobody here is dismissing genuine DD for what Cramer says. Nobody is giving up on GME and spewing out what he says. There isn't a single rational or emotional reason to justify censorship apart from censoring anyone who wants to censor information. + +# Bottom line is this (TLDR): + +*If you TRULY understand the fundamental value behind GME, you'd understand that there isn't a single ignorant opinion out there that would change how you see GME* ***let alone how you feel about it.*** *By now, it should be full zen if you get it, minus the cry babies wanting to censor information. If GME's value to you is based on sentiment (feeling, emotion), you're going to be in for a roller coaster of emotions and that isn't anyone else's responsibility to manage but you! Not a fucking community of 820,000 people.* + +# Mods, + +**I** ***strongly suggest regulating posts that aim to rally censorship.*** If the ability to temporary gag individuals doing this is there, I would say this is a fair response for a first offense. If it happens again or they refuse to let it go, ***ban them.*** + +*This is a multi-million dollar sub with 820,000 people here who's hard-earned money went to purchase GME stock. They are here for one reason and that isn't for some asshole's need for emotional validation. If posts seeking censorship continue to happen without impunity or worse, actually get what they want, serious consequences will happen for this community let alone the stock itself. Everything that has been built over the years will fall apart never mind the overall value (in dollars) that is brought to this sub. I'm asking you to help preserve what we have built together here and reflect on what fundamentally makes* r/superstonk *the most powerful community to surface not just the internet, but* ***Wall Street itself.*** *Please help keep this sub a highway for information that is rooted from logic and reason rather than emotion and validation.* +EDIT: + +GG SAID **PUBLIC COMMENTS** ARE EXTERMELY CRITICAL ON THESE: + +[https://www.sec.gov/rules/proposed.shtml](https://www.sec.gov/rules/proposed.shtml) + +* See the Items from Today Dec 15. +* See Blue Arrow **"Submit Comments on:....."** + +**IT TAKES 5 MINUTES TO SUPPORT THESE REGULATIONS!!!GIVE THEM NO REASON TO SAY OTHERWISE!!!** + +https://preview.redd.it/v7kj65pwkr581.jpg?width=624&format=pjpg&auto=webp&s=b290c08372499a4825e6f78bae1a48dd274ad506 + +**IT TAKES 5 MINUTES TO SUPPORT THESE REGULATIONS!!!GIVE THEM NO REASON TO SAY OTHERWISE!!!** + +https://preview.redd.it/svdeb83k0r581.jpg?width=659&format=pjpg&auto=webp&s=5a10f9e4328e42ba3dadbef910a305cc5b43e054 + +Watch it here: + +[https://www.sec.gov/news/upcoming-events/open-meeting-121521](https://www.sec.gov/news/upcoming-events/open-meeting-121521) + +# Open Meeting Agenda - December 15, 2021 + +# ITEM 1: Rule 10b5-1 and Insider Trading + +Office: Division of Corporation Finance + +Staff: Renee Jones, Erik Gerding, Felicia Kung, and Sean Harrison + +The Commission will consider whether to propose amendments to Rule 10b5-1 and new disclosure regarding 10b5-1 trading arrangements and insider trading policies and procedures, as well as amendments regarding the disclosure of the timing of certain equity compensation awards and reporting of gifts on Form 4. + +For further information, please contact Sean Harrison in the Division of Corporation Finance at (202) 551-3430. + +&#x200B; + +# ITEM 2: Share Repurchase Disclosure Modernization + +&#x200B; + +Office: Division of Corporation Finance + +Staff: Renee Jones, Erik Gerding, Luna Bloom, and Steven Hearne + +The Commission will consider whether to propose amendments to modernize share repurchase disclosure, including more detailed and more frequent disclosure about issuer share repurchases and requiring issuers to present the disclosure using a structured data language. + +For further information, please contact Steven Hearne in the Division of Corporation Finance at (202) 551-3430. + +&#x200B; + +# ITEM 3: Money Market Fund Reforms + +OFFICE: Division of Investment Management + +STAFF: Sarah ten Siethoff, Brian Johnson, Angela Mokodean, Thoreau Bartmann, Penelope Saltzman, Blair Burnett, David Driscoll, Adam Lovell, James Maclean, Keri Riemer, and Viktoria Baklanova + +The Commission will consider whether to propose amendments to certain rules that govern money market funds under the Investment Company Act of 1940. + +For further information, please contact Brian Johnson or Angela Mokodean in the Division of Investment Management at (202) 551-6792. + +&#x200B; + +# ITEM 4: Security-Based Swap Positions + +OFFICE: Division of Trading and Markets + +STAFF: David Saltiel, Carol McGee, Andrew Bernstein + +The Commission will consider whether to re-propose a rule prohibiting fraud, manipulation, or deception in connection with security-based swaps, as well as whether to propose new rules prohibiting undue influence over the Chief Compliance Officers of security-based swap dealers and major security-based swap participants and requiring reporting of large security-based swap positions. + +For further information, please contact Carol McGee in the Division of Trading and Markets at 202-551-5777. + +&#x200B; + +# ITEM 5: The 2022 Final Budget and Accounting Support Fee for the Public Company Accounting Oversight Board + +OFFICE: Office of the Chief Accountant + +STAFF: Paul Munter, Diana Stoltzfus, Natasha Guinan, Anita Doutt, Omid Harraf + +The Commission will consider whether to approve the 2022 Final Budget and Accounting Support Fee for the Public Company Accounting Oversight Board. + +For further information, please contact Anita Doutt in the Office of the Chief Accountant at (202) 551-2145. + +&#x200B; + +# [MMF Reforms Fact Sheet](https://www.sec.gov/files/mmf-reforms-fact-sheet_1.pdf) + +&#x200B; + +* [Buybacks Fact Sheet](https://www.sec.gov/files/buybacks-fact-sheet.pdf) +* [Security-Based Swap Positions Fact Sheet](https://www.sec.gov/files/security-based-swap-positions-fact-sheet.pdf) +If the squeeze squozes this month my most vulnerable tenants will live for free this year. I will even refund the rent they have paid up to this point. + +If the Price of each share exceeds $1m all of my tenants will live for free this year. + +I am making this post to be held to this promise. + +edit: + +Just to clear something up: + +when the squeeze has Squoze and all the dust is still hanging in the air I will be deleting this account and all the karma goes with it. I don't give a flying monkey shit about these fake internet points. + +So, how will I prove that I have kept my word? I'll just post it with a NEW throw away account, and I will delete that account and all the karma it gathered as well. + +If you think I am doing this for Reddit Karma, you are not a true ape, not everyone cares about those points as much as you do. + +My personal policy is that when I borrow something from someone, I will return what I borrowed in BETTER condition than I received it. Currently, I am borrowing this planet from my children. +Hi all, new lurker and first time poster here. This sub has inspired me to begin building a dividend portfolio so I created a Roth IRA in January of this year and I plan to max it out every year on a diversified portfolio. However, I just realized that since the tax filing deadline was pushed to May 17, I also have until then to contribute to my IRA as part of 2020. I already have a 3 month emergency fund saved and sitting in my bank savings account, and I have an additional amount on top of that set aside to pay off my student loans. With the recent talk about the Biden administration forgiving between $10,000 and $50,000 in loan debt (I owe \~$17,000), I wanted to ask you all if you think it'd be a good idea to max out my 2020 contributions with the money I would have saved in the hopes that the loan debt is forgiven? If it ends up not happening, I will save enough money (without paying interest on the loans as I am currently in grad school) to pay them off later. I've been going back and forth about this for a while so thoughts either way are greatly appreciated! +Hi guys. I have been on and off on this sub for the past few months. If you search my comment / post history, you might see that I am not really pro-dividends, or pro-active management at all, but I have nothing against it. As I love to say, a good concrete plan is better than no plan, constantly changing asset allocation, or gambling. + +I would like to ask a few questions to understand better the philosophy and roots of dividend investing. I am not even trying to alienate anyone to change their mind, or even debate. Simple opinions, ideas, and personnal experiences. + +&#x200B; + +1. When looking for dividend growth stocks, is the repurchase of shares also considered? Knowing it is pretty much the same thing as dividends (redistribution of capital and profits), would you give them the same weight when basing your decisions and choices? +2. What do you think is the most appealing thing about dividend investing? The fact that you can see CASHFLOW entering your account? The feeling of OWNING a company, being part of its activities, and helping it grow? Whatever it may be and you can think of, share it! +3. Do you use any other ways of investing? Penny stocks, options, leveraged ETFs, ETFs, etc. If so, why? +4. Is dividend investing easy? Why, why not? +5. What are the positive upsides of dividend investing? +6. What is a negative thing about dividend investing? (if you can think of any) + +&#x200B; + +If anyone has the time to share with the community and me his or her thoughts, I appreciate it very much. Have a great day! +I started investing in 2020. And just realized During that euphoria of everything going up I didnt learn anything. And got into bad habits. It wasnt until stocks went down that I realized I made some mistakes. + +My three biggest lessons were valuations matter. Stocks shooting up 10-20% in a day because (insert investor) bought isnt normal. And that I should invest in index funds. +Two trillion dollar hedge fund managers are bored. + +&#x200B; + +HF1: I bet you a dollar I can take controling interest of Citidel bank. + +HF2: Your on. + +&#x200B; + +This is probably how this all started years ago. + +&#x200B; + +HF1 did some research on clearing houses, brokers and hedge funds that have risk that runs up to citidel. He found the most greedy of the hedge funds and became buddy buddy. He then set his plan in motion. + +&#x200B; + +HF1: Now that were good friends, how would you like to make some money with me? I have a really good idea. + +Melvin: Oh, I like money, whats the idea? + +HF1: Well we own a few a million shares of a company. We will lend them to you, a long term share loan with cheap interest, then when you sell them we will buy them at market price, and loan them again to you, same long term loan with cheap interest. We will keep going like this until the company is bankrupt. All I want is a small kickback every time we buy the shares back at market price. + +Melvin: That sounds like a great idea. I make money, you make money, and its all at the expense of your company and the company we target. Which company are we destroying today? + +HF1: GME. + +&#x200B; + +And the plan went into motion. What Melvin didn't know is that HF1's goal had nothing to do with money, bankrupting GME or making money with Melvin. His goal was to slowly increase the risk that Citidel was carrying long term, ever so slowly and casually that no one noticed the increased risk on the books. And the plan worked. Several years in GME's share were less then $3, Melvin had borrowed more then the total shares in the company, and the trillion dollar hedge fund owned more then 100% of the shorted shares in the market. + +&#x200B; + +And then the plot twist. Out of nowhere someone starts buying back the shorted shares that Melvin was selling. Deepfuckingvalue proposes the value in GME shares and more people start buying it. Now instead of all the shorted shares ending up in the trillion dollar hedge funds portfolio the shares are ending up in retail monkeys hands. Diamond hands that is. + +&#x200B; + +The trillion dollar company, that planed to pull the rug out very soon now sees millions of shares in dumb retail investors hand putting their entire plan at risk. How can we call our shares, bankrupt melvin, the clearing house and citidel? We were going to have a nice quiet meeting with citidel, explain to them the position melvin put them in and ask for controling interest in their bank. But now the retail guys are wanting to squeeze melvin for chump change, they are not letting go of their shares and we can't have a quiet back door meeting as long as retail owns that many shares. + +&#x200B; + +If only a few shares were in retails hands we could continue, bankrupt gme, back door meeting with citidel still. How can we get the shares from them? I know, we will do a fake squeeze, manipulate the market, use psychological warfare to get them to sell and manipulate the mainstream news. So they create a fake squeeze, no one calls shorts, buy back shares from $500 down and start their massive fud campaign. It doesn't work. + +&#x200B; + +Damn Diamond Hands. + +&#x200B; + +These retail customers are not working, we need to step up the game. They hire people to go into reddit and take over the sub reddit they are using. Divide and conquer. Still not working. They are still just buying the paper handed bitch's shares. WTF. No panic sell? This doesn't make sense.... They just think its on sale now and buy more..... Hedge fund doesn't want the squeeze or the attention on GME because they wanted to quietly take over Citidel. Now they can't. As long as retail continues holding shares this will never work :( Sad hedge fund. + +&#x200B; + +This is why no one called shorts in. This is why there was no news about hedge funds losing money after $500 spike to cover shorts. + +&#x200B; + +Melvin was down 53% before spike and massive share price buy back. Where did that money come from? + +&#x200B; + +The $500 top was a fake short squeeze to shake shares out of retail investor hands. + +&#x200B; + +The next squeeze of $800 - $1,000 will be another fake squeeze to shake hands out of retail investors hands. + +&#x200B; + +Why? They can't have a back door meeting if all the shares are in retail hands. So the trillion dollar hedge fund is buying back the shares and manipulating the squeeze trying to get retail investors to sell. + +&#x200B; + +TLDR + +trillion dollar Hedge fund plans to take over citidel. + +Melvin gives them the leverage from borrowing to many shorts to do it + +realtail traders buy in massively wanting a squeeze of 1k, 10k, 69,420 + +trillion dollar hedge fund had planned to squeeze 100k - 500k a share quietly behind closed doors + +Trillion dollar hedge fund sets up fake squeeze to buy back shares + +Doesn't work, plans a new fake squeeze at $800 to $1,000 attempt #2 + +When retail shares are sold, then they will have back door meeting and bankrupt GME, take over citidel and any shares in retail hands will be worthless + +As long as large percentage of shares are in retail hands they can't quietly bankrupt GME and have a closed door meeting. + +&#x200B; + +Melvin is just a tool being used by trillion dollar hedge fund, and we are disrupting a multi year plan to take trillions from whoever owns Citidel. + +&#x200B; + +Edit 1 + +They are down voting hard and comment count keeps going up, then back down on page refresh. Feel free to copy and post this in wallstreetbets - I am not in it for the karma. + +&#x200B; + +Will be leaving the community for good. I enjoyed my time writing for you guys, but the mods feel that my info is not important for you. + +[https://www.reddit.com/message/messages/zka7ma](https://www.reddit.com/message/messages/zka7ma) +Two trillion dollar hedge fund managers are bored. + +&#x200B; + +HF1: I bet you a dollar I can take controling interest of Citidel bank. + +HF2: Your on. + +&#x200B; + +This is probably how this all started years ago. + +&#x200B; + +HF1 did some research on clearing houses, brokers and hedge funds that have risk that runs up to citidel. He found the most greedy of the hedge funds and became buddy buddy. He then set his plan in motion. + +&#x200B; + +HF1: Now that were good friends, how would you like to make some money with me? I have a really good idea. + +Melvin: Oh, I like money, whats the idea? + +HF1: Well we own a few a million shares of a company. We will lend them to you, a long term share loan with cheap interest, then when you sell them we will buy them at market price, and loan them again to you, same long term loan with cheap interest. We will keep going like this until the company is bankrupt. All I want is a small kickback every time we buy the shares back at market price. + +Melvin: That sounds like a great idea. I make money, you make money, and its all at the expense of your company and the company we target. Which company are we destroying today? + +HF1: GME. + +&#x200B; + +And the plan went into motion. What Melvin didn't know is that HF1's goal had nothing to do with money, bankrupting GME or making money with Melvin. His goal was to slowly increase the risk that Citidel was carrying long term, ever so slowly and casually that no one noticed the increased risk on the books. And the plan worked. Several years in GME's share were less then $3, Melvin had borrowed more then the total shares in the company, and the trillion dollar hedge fund owned more then 100% of the shorted shares in the market. + +&#x200B; + +And then the plot twist. Out of nowhere someone starts buying back the shorted shares that Melvin was selling. Deepfuckingvalue proposes the value in GME shares and more people start buying it. Now instead of all the shorted shares ending up in the trillion dollar hedge funds portfolio the shares are ending up in retail monkeys hands. Diamond hands that is. + +&#x200B; + +The trillion dollar company, that planed to pull the rug out very soon now sees millions of shares in dumb retail investors hand putting their entire plan at risk. How can we call our shares, bankrupt melvin, the clearing house and citidel? We were going to have a nice quiet meeting with citidel, explain to them the position melvin put them in and ask for controling interest in their bank. But now the retail guys are wanting to squeeze melvin for chump change, they are not letting go of their shares and we can't have a quiet back door meeting as long as retail owns that many shares. + +&#x200B; + +If only a few shares were in retails hands we could continue, bankrupt gme, back door meeting with citidel still. How can we get the shares from them? I know, we will do a fake squeeze, manipulate the market, use psychological warfare to get them to sell and manipulate the mainstream news. So they create a fake squeeze, no one calls shorts, buy back shares from $500 down and start their massive fud campaign. It doesn't work. + +&#x200B; + +Damn Diamond Hands. + +&#x200B; + +These retail customers are not working, we need to step up the game. They hire people to go into reddit and take over the sub reddit they are using. Divide and conquer. Still not working. They are still just buying the paper handed bitch's shares. WTF. No panic sell? This doesn't make sense.... They just think its on sale now and buy more..... Hedge fund doesn't want the squeeze or the attention on GME because they wanted to quietly take over Citidel. Now they can't. As long as retail continues holding shares this will never work :( Sad hedge fund. + +&#x200B; + +This is why no one called shorts in. This is why there was no news about hedge funds losing money after $500 spike to cover shorts. + +&#x200B; + +Melvin was down 53% before spike and massive share price buy back. Where did that money come from? + +&#x200B; + +The $500 top was a fake short squeeze to shake shares out of retail investor hands. + +&#x200B; + +The next squeeze of $800 - $1,000 will be another fake squeeze to shake hands out of retail investors hands. + +&#x200B; + +Why? They can't have a back door meeting if all the shares are in retail hands. So the trillion dollar hedge fund is buying back the shares and manipulating the squeeze trying to get retail investors to sell. + +&#x200B; + +TLDR + +trillion dollar Hedge fund plans to take over citidel. + +Melvin gives them the leverage from borrowing to many shorts to do it + +realtail traders buy in massively wanting a squeeze of 1k, 10k, 69,420 + +trillion dollar hedge fund had planned to squeeze 100k - 500k a share quietly behind closed doors + +Trillion dollar hedge fund sets up fake squeeze to buy back shares + +Doesn't work, plans a new fake squeeze at $800 to $1,000 attempt #2 + +When retail shares are sold, then they will have back door meeting and bankrupt GME, take over citidel and any shares in retail hands will be worthless + +As long as large percentage of shares are in retail hands they can't quietly bankrupt GME and have a closed door meeting. + +&#x200B; + +Melvin is just a tool being used by trillion dollar hedge fund, and we are disrupting a multi year plan to take trillions from whoever owns Citidel. + +&#x200B; + +Edit 1 + +They are down voting hard and comment count keeps going up, then back down on page refresh. Feel free to copy and post this in wallstreetbets - I am not in it for the karma. + +&#x200B; + +Will be leaving the community for good. I enjoyed my time writing for you guys, but the mods feel that my info is not important for you. + +[https://www.reddit.com/message/messages/zka7ma](https://www.reddit.com/message/messages/zka7ma) +I’ve been working since almost one year now and have about $20k in my savings account (I have another $10k as an emergency fund). I know this is not enough to buy a house or anything big but looking at the inflation rates it seems like investing in small real estate funds is the best step. +I started reading about REITs but didn’t understand it completely. Is there a resource out there which can help me? Also is it too soon to be thinking about real estate investments? +I’m 26, newly married, and currently renting. My wife and I have enough saved up for down payment on something. I would like to live in our first place for a few years, build up some equity, then move on. Because I’m foolhardy, young and bold, I’m thinking of approaching the owner of a borderline abandoned lake property in the hopes of getting a deal. The owner (which looks like a trust from an estate?) is two years behind on property taxes. + +We like the location, but we would be buying with the intention of pretty much bulldozing the cabin and garage and starting over. There is also some junk on the property, and it’s overgrown. A few nice mature trees, then scrubby little things that could probably be mowed down pretty easily (if all else fails, I borrow my dad’s chainsaw). So my first question is, how much should I assume clean up would cost? This is a about a half acre lot. + +Second question: the taxable value seems kinda high; certainly more than we would be willing to pay. $289k on a lake in Minnesota is low, but a similar lot might go for $200k, undeveloped. Because of the space they’re in, I see those buildings as a liability, not an asset. How would you approach the owner? Just lowball them? + +Thank you, reading this sub has inspired me! +Why would anyone sell? Bitcoin now costs the same as it did the day after Thanksgiving. Ethereum costs the same as it did on Jan 2. Neo is currently twice as much as it was Dec 21. Monero is at 233 and it never broke 200 until this past December. Cardano is now right where it was in mid December. It's too bad people are glued to their hourly account balance and missing out on the big picture. Emotionally distraught people are selling. Financially wise people are buying. This summer, there is going to be alot of bitter folks that wish they never logged into their accounts on Feb 1 2018. Countries around the world are not banning crypto. They are simply cleaning things up and gearing up for full blown legal crypto. Sure, there will be new rules but crypto is here to stay. If tomorrow marked the final day of cryptocurrency history, I could understand the panic and the selling. However, do you think the Canadian gov't would be using Ethereum for record keeping if crypto was in trouble? Would IBM be partnering with Stellar if crypto was doomed? Would Microsoft be sponsoring NEO dev competitions if crypto was ending? Would Samsung be pouring big money into building and selling cryptocurrency mining chips if Crypto was truly in trouble? Politicians are pumping the breaks until they figure out how to cash in. They did they same thing with daily fantasy sports, online poker, gambling, and cannabis. In 2015, Daily Fantasy Sports was legal in 45 states. In 2016, it was legal in only 10 states because politicians wanted to shut it down until they figured out how to make money off it for themselves. Today, DFS is legal in 41 states. That's right, from an unregulated 45 (2015), cracked down to 10 (2016), and now that politicians can make money off the regulated industry, it's legal in 41. Folks, crypto is going through the growing pains of becoming a full blown accepted industry. Check out online poker... + +- 1995: The first online poker websites appear. Everyone made money except governments. + +- 1999: Republican from Virginia, Robert Goodlatte, tried to shut it down with a new law. People panicked and cashed out. His law never passed. It was defeated. + +- 2003: Thanks to pressure from the Justice Department, most banks blocked customers from sending money to poker sites + +- 2005: The world's largest online poker site (PartyGaming) went live on the London Stock exchange the same year that a Republican from Iowa tried to ban credit card payments on gambling sites. His bill never reached the Senate floor. + +- 2006: Goodlatte is back again. Tries to ban online poker/gambling. He is defeated again. + +- 2006: President Bush signs the Unlawful Internet Gambling Enforcement Act, banning the transfer of money to gambling sites. Everyone cashes out. + +Today: New Jersey, Nevada, and Delaware have legalized it. People in every state freely use offshore sites. Banks are no longer blocking payments. + +Whether it's online poker, cannabis, daily fantasy sports, or cryptocurrency, the people vote with their wallets. Sure, governments always get involved so they can make a buck too (if it was about our safety, health, and well being then guns would be outlawed). Hold your coins if you haven't sold. Buy coins this weekend at a massive discount. Embrace the future. Expect dips along the way. We are riding a climate change graph that continually trends up. So what if there is a record cold winter here or there. The zig-zagging line is trending up from year to year. Hold and/or buy. You will have major profits should you choose to sell this summer, fall, or in 2019. Keep your eye on the prize, stay off reddit, stay away from "news", and trust your instincts when you realized months or years ago that this was an unstoppable revolution: the future. + +Pre-COVID I'd only ever seen Aritzia it in big city malls and in the local news when it was announced that a store would be opening in the local mall. + +Post-COVID, I'm seeing friends on IG showing off their Aritizia haul, talking about the Aritizia sales, etc. For a brand I'd only ever seen and heard of in passing this was out of the ordinary and that got me thinking. + +What's the deal with this company and why am I hearing so much about it all of a sudden? Retail is closed, malls are locked up, and these businesses are supposed to be getting absolutely clobbered, right? Was it just me noticing this brand all of a sudden or is it actually real and are people buying from them? + +My theory was that if people are going to online shop, they're going to google the retailer then go to the retailers website. Based on that theory, there should be a correlation between Google searches and sales. + +So what does Google say? + +[More people are searching Aritzia on Google now than any time in the last 5 years outside of Christmas.](https://trends.google.com/trends/explore?date=today%205-y&q=aritzia). Also, the spike at Christmas helped confirm the theory regarding searches equaling sales, since Christmas is *the* time for retail. + +Initially I thought "Well duh, people are bored and have credit cards and are buying clothes online." I know I'm guilty of that. To do a little comparison, I checked out how many people are searching a few other big mall somewhat nice fashion retailers. + +[Banana Republic](https://trends.google.com/trends/explore?date=today%205-y&q=Banana%20Republic) is at a 5 year low. + +[JCrew is also](https://trends.google.com/trends/explore?date=today%205-y&q=JCrew) is at a 5 year low. + +[How about H&M?](https://trends.google.com/trends/explore?date=today%205-y&q=H%26M) They're at 51 versus 47 last year. Not a significant difference IMO, but pretty decent considering the happenings. + +[Uniqlo](https://trends.google.com/trends/explore?date=today%205-y&q=Uniqlo) is being searched less than it was in the last two years. + +The only fashion brand I found that had a comparable spike in searches was [Lululemon](https://trends.google.com/trends/explore?date=today%205-y&q=lululemon). + +Seems like the talk is real, so I searched /r/all for Aritzia for shits and gigs and [found this post](https://np.reddit.com/r/Fedexers/comments/fxiu24/aritzia_and_wine/) from a subreddit for Fedex employees talking about how in Vancouver they're being crushed with Aritzia and wine orders. It's not packages from The Bay or Banana Republic or Lulu any other brand. It's Aritzia. + +Aritzia is trading around $14, down from $26 pre-COVID and didn't have anything remotely resembling same kind of rebound as Lululemon which is at $206 USD, down from $263 USD. + +From what I see, it looks like Aritzia is doing a massively better than their competitors in terms of traffic (and hopefully by extension sales) and I don't think their stock price reflects that. I'm definitely going to be buying more tomorrow AM. + +TL;DR: Aritzia good buy +I would like to discuss here some stories about people that either miscalculated their FIRE amount or somehow the market was wrong like FIREing in 2008 and then having -40% of your investment. Did you stick to your plan? How about the stress? +Nowadays people think those times when they could find a 100x belong to the past. Let me tell you that is a completely false assumption. + +Investors of today miss one of the most important requirements in order to be a good investor : Patience. You see them complaining about their coin not moving for a whole week while others are pumping. Dear friends, do you realize what the fuck you are saying? Getting a 100x coin needs time and luck. + +In the stock market if you have doubled your investments in 10 years you are considered successful. Crypto is way more volatile so don't be greedy or you will end up day trading. When i started investing in crypto i made the same mistakes as you. I still do. But i have learned one thing. Rome wasn't built in a day. + +Now i haven't touched my portfolio for over a year. I have the king, some alts and a handful of micro cap gems i believe in. Guess what, some of them have x5. The old me would have sold way earlier. If i am lucky in a few years i will be able to see a x100 who knows! + +Moral of the story : \*\*Grow some fucking patience.\*\* +Welcome to the Daily General Discussion thread of /r/EthTrader. + +*** + +Thread guidelines: + +- Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss altcoins in the Daily Altcoin Discussion thread. +- All [sub rules](https://www.reddit.com/r/ethtrader/about/rules/) apply here so please be familiar with them. + +*** + + Resources and other information: + +* 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! + +After a trip to the docs they were considering a COVID antibody test for coronavirus but led with the statement that I might not consider risking even taking the test due to the implications it would have on your medical record for things like life insurance and current/future mortgage declarations etc. + +I appreciate we don’t know the long term effects of COVID but it surprised me to think even considering taking the test would have such financial implications. + +Does anyone have any experience of this and what the actual implications may be? +I know this isn't super exciting news compared to some of you but I'm very proud of it. + +Assets: + +- Checking: $3300 + +- Savings: $7900 + +- Vanguard and 401k: $17,500 + +- CC debt: $600 + +- Robinhood stocks: $13,500 + +- Car: $6000 + +- Valuables: $5000+ in firearms. + +"Life story" + +- At 22 I graduated early, $25k in debt with a marketing degree. + +- Bought a car for $13k + +- Lived with parents for 10 months, got emergency fund, paid off car. + +- Worked for 3 years at $33k/year. Paid off student loans. Lived frugally with girlfriend and split costs. Usually about $500/month each for rent throughout the duration. + +- Paid off student loans in 2 years. + +- Worked the last year for $40-50,000/year. + +- Have been contributing and matching 401k amounts. Paid off loans starting with highest interest rate first, always match 401k, and then invest in IRA. + +- Once I paid off loans I started on IRA, usually contributing 20% of my take home. "Extra" money put into market stocks and I made about 30% last year. + +Overall if anyone is looking for tips I'd recommend sticking to your budget, buying value items that you'll keep, limiting your eating out/bar tabs, and cutting your living expenses down as much as possible since it's a huge cost. I'm happy to share and encourage everyone to do the same and pay off your debts! It feels really good for me. +It's 1pm and the volume is less than 3 million for the whole day. There are barely any shares being traded right now and GME looks like a penny stock with 1 minute candles. Banks are suddenly raising billions of dollars they may need for collateral on huge upcoming margin calls. GME is trading more sideways than I've ever seen it trade before and it's oddly quiet. + +I smell something brewing apes, let's just be patient... + +HODL💎👐 + +Edit: We ended the day with UNDER 4 MILLION VOLUME. This is the lowest of the entire 2021 year! +Hey everyone! I've been a lurker for a while but have not written much. I am Canadian accredited investor and primarily focused on small cap stocks with large upside potential, and some of my strongest expertise is in the renewables space with strong returns for both me and my clients. I've bought GRN.V at $0.53 cents and XBC.V at $1.48 using my analysis methods and I think this stock will be my largest return yet and I wanted to share this hidden gem with you guys before it explodes. The stock is UGE.V, which is UGE International, a fast growing Canadian solar energy company focusing on the U.S market. + +From a fundemantal perspective, the market cap is only $48 million currently, which is exteremly undervalued. In its last quarter, UGE announced they have a giant backlog of signed projects which is $110 million which is a 200% increase. Even more impressively, these contracts are signed for 20-25 years and produce reoccurring revenue every month for the entirety of this duration. Investors typically pay much higher valuations for reoccurring revenues, as evident by the large increase in AAPL stock after they focused on their reoccurring services side of the business. Also, after adopting a reoccurring revenue model their gross margins increased to a very impressive 48%. Their growth will continue to grow effortlessly and exponentially as businesses will immediately reduce their cost of energy at no upfront cost to them, a proposition businesses cannot ignore. Finally, I believe the stock is ready to explode due to the tight capital structure – just 26.6 million shares outstanding, with more than 50% of those being held by insiders. If that's not enough, one of the biggest advocates and shareholders of this stock is the Robert McWhirter who is well known for finding small caps with large future growth. He has bought into every financing round and has managed over $2.3 billion in his funds. Let's also not forget that Biden pledged to spend $2 trillion dollars on renewable energy infrastructure that will directly benefit UGE. + +From a technical perspective, it is even more bullish. The stock is currently in a bull flag pattern on the daily chart and is ready to explode. A continuation of this move will send it to $3.4 within the next few weeks, an almost 100% gain. On a longer term perspective it is above all the major moving averages on the weekly chart which should continue to provide substantial dynamic support as the stock continues to explode. I would buy as soon as possible before the technical formation plays out. + +DISCLAIMER: While I am experienced and have done a lot of research, all stocks pose a risk. I am currently a shareholder, and I also plan to continue increasing my position over the coming weeks and months. + +UPDATE 1: the stock is already moving higher as investors are becoming aware. Volume is 3 times higher than the daily average. It will explode this week. +Last Mile Holdings, a penny stock currently trading at .04 - .05 Cents Canadian, Potential for a spike after the name change comes into affect tomorrow, possible new merg otw? + +Info on the company: + +Last Mile Holdings (TSXV: MILE; OTC: AZNVF), formerly OjO Electric, is a micro-mobility company in the U.S., offering the broadest product suite in the industry. Last Mile has 25 university and 45 municipal contracted shared mobility systems under the OjO and Gotcha brands. The acquisition of Gotcha in the first quarter of 2020 provides an expansive growth pipeline and a portfolio of products including electric bikes, scooters, and cruisers. + +Any thoughts or ideas leave a comment please, i am thinking we could see a spike with the name change and any decent news from the company afterwards. Here's a link to news article regarding the name change, [MILE.V 0.0475 -0.0025 -5.00% : LAST MILE HOLDINGS LTD - Yahoo Finance](https://ca.finance.yahoo.com/news/students-left-vision-stronger-more-213500373.html) + +&#x200B; + + EDIT: WE ARE STILL NOT BACK LIVE ON WEALTHSIMPLE, BUT THE STOCK IS LIVE ON OTHER PLATFORMS TRADING AT .105 CENTS , SHOULD BE BACK AT WEALTHSIMPLE SOMETIME TODAY OR TOMORROW AT THE LATEST ID SAY FOR NOW HERES THE LIVE PRICE CHART FOR AZN.V [AZN Stock Price and Chart — TSXV:AZN — TradingView](https://www.tradingview.com/symbols/TSXV-AZN/) +Last Mile Holdings, a penny stock currently trading at .04 - .05 Cents Canadian, Potential for a spike after the name change comes into affect tomorrow, possible new merg otw? + +Info on the company: + +Last Mile Holdings (TSXV: MILE; OTC: AZNVF), formerly OjO Electric, is a micro-mobility company in the U.S., offering the broadest product suite in the industry. Last Mile has 25 university and 45 municipal contracted shared mobility systems under the OjO and Gotcha brands. The acquisition of Gotcha in the first quarter of 2020 provides an expansive growth pipeline and a portfolio of products including electric bikes, scooters, and cruisers. + +Any thoughts or ideas leave a comment please, i am thinking we could see a spike with the name change and any decent news from the company afterwards. Here's a link to news article regarding the name change, [MILE.V 0.0475 -0.0025 -5.00% : LAST MILE HOLDINGS LTD - Yahoo Finance](https://ca.finance.yahoo.com/news/students-left-vision-stronger-more-213500373.html) + +&#x200B; + + EDIT: WE ARE STILL NOT BACK LIVE ON WEALTHSIMPLE, BUT THE STOCK IS LIVE ON OTHER PLATFORMS TRADING AT .105 CENTS , SHOULD BE BACK AT WEALTHSIMPLE SOMETIME TODAY OR TOMORROW AT THE LATEST ID SAY FOR NOW HERES THE LIVE PRICE CHART FOR AZN.V [AZN Stock Price and Chart — TSXV:AZN — TradingView](https://www.tradingview.com/symbols/TSXV-AZN/) +https://www.nasdaq.com/tm2-data +www.nasdaq.com/articles/powering-technology-metals-markets-trading-platform-and-data-channels-2021-06-21 + +So essentially, Gratomic (GRAT.V/CBULF/CB82), who will be the largest vein graphite producer in the world, feeding a global market with a huge supply shortfall, will be a member issuer to TM2 who is partnering with NASDAQ as a global issuing and trading platform for technology metals... + +Add in that Gratomic is partners with Forge Nano for spherical coating... who is partners with Volkswagen and LG Chem which are the main electric vehicle battery manufacturers... + +Did we just stumble upon a mountain of diamonds? +Was recommended I post my DD on the company, and open to discussion to explore more. Hopefully with the uptrend in crypto as of late, this will be the late bloomer to the crypto mining boom. Valued at $0.54 at EOD today, FORT.V seems like it's in a solid spot to take off. + +Positives: + +* Great balance sheet, no debt +* Currently over $10M in cash and GICs +* $22M market cap (really low atm but that changed today, not sure what the eval today is) +* [Own 163.2 BTC](https://bitcointreasuries.org/) (~$8M in BTC) as of Nov 24, 2020 +* State-of-the-art mining facility in Washington to build out highly-scalable BTC mining (which has generated approximately * 524 Bitcoin and 100 Bitcoin cash as of Nov 24 2020) + +* All the numbers I mentioned can be found [here](https://finance.yahoo.com/news/fortress-technologies-inc-announces-third-120000115.html) + +* Strong team - go to their site to look at the team, though limited, they do have some competent people on their team. ONe standout: Roy Sebag, serving as Chairman, who is also the CEO/Founder of GoldMoney. + +Negatives: + +* No publicity - last press was Nov 2020 (barring a random statement that came out AH today). No plans on their annual report either. If you go to their website, it just lists their team, not even what they do (they just mine afaik). +* Trading platform limitations - they're only on the TSXV +* No visibility into what they are doing and how they are doing - goes back to the publicity thing, but especially the fact that you really have to dig just to find what they do, and how they're doing + +Potential catalysts: + +* As mentioned earlier, all their financials are old, so assuming they added to their already strong cash position, earnings could greatly boost the stock. +* Their recent [news release](https://finance.yahoo.com/news/fortress-technologies-inc-provides-market-211500669.html) could mean something greater on the horizon. I don't want to make speculations beyond that, but I take it as good news since they typically release nothing unless it's a quarterly report or something large. +* Getting added to WealthSimple - Since they are now above 50 cents, I believe they are in considerations to be added to WealthSimple, so more investors. +* Boom in price of crypto - This is one big piece. As of late, they have gone up marginally. Relative to their peers, like Bitfarms, RIOT, MARA, market cap wise, they are behind. I see this as a potential catch up period, getting them closer to the competitions evaluation at least. + +All in all, I like the stock. Do your own research, this isn't advice. In @ 0.355 avg + +EDIT: +More research. Please find the one that refers to the [SEDAR Nov 30 2020 Financials](https://www.sedar.com/DisplayCompanyDocuments.do?lang=EN&issuerNo=00032400). + +* Hash rate unknown, but they have a facility of 1400 ASIC S9 Antminers. (page 5) +* They sublease this out to WeHash Technologies on a monthly Consulting Fee basis. +* 70 million shares, about 30% owned by insiders. This information is split up across the SEDAR board. But Roy (Chairman) has about [10.6% of shares.](http://www.globenewswire.com/news-release/2018/09/11/1568907/0/en/Early-Warning-Report-of-Roy-Sebag.html) Anson Group owns 12.44% (found on the Jan 8 2021 release in the SEDAR link). The rest of the team also holds positions, which can be found all within SEDAR. +Source; https://asia.nikkei.com/Business/China-tech/Alibaba-shares-soar-in-wake-of-record-antitrust-fine + +Some important tidbits; + +>The stock had lost almost one-third of its value since Beijing launched a series of investigations into the company last November. + + + +>The price of Alibaba's Hong Kong-listed shares rose as much as 9% in morning trading, reflecting a belief by investors and analysts that the record fine draws a line for now under Beijing's regulatory action against one of the country's tech giants. + + + +>...noted that the regulator has made a point that it will no longer tolerate some of the hidden rules in the e-commerce economy, which makes it more difficult for companies like Alibaba to sustain their double-digit growth. But the upside is that the regulator is unlikely to impose further penalties of this scale on Alibaba in at least the next three years if Alibaba follows its instructions + +>Robin Zhu, China internet analyst at AB Bernstein in Hong Kong, said the penalty clears the air for investors. "[It's] a sign that the worst was now over for Alibaba as far as regulatory scrutiny was concerned," he in a research note. +Im fortunate enough to be able to afford a few weeks off work. As of last week I opted to stay home with out pay. (at the time i was expecting a nation wide lock down like NZ). Is anyone else choosing to stay home? Since it seems as though we are going the herd immunity route should i go back to work next week? Im afraid of contracting the virus and spreading it. I also feel terrible for leaving my boss without a worker at this time. +Discord has decided to remain independent, despite a round of high-profile acquisition talks. + +That's according to the Wall Street Journal, which previously reported Discord was on a call with numerous interested parties - and that Microsoft had advanced a $10bn offer to snap up the chat company. + +Discord's thoughts have now reportedly turned to a potential public offering, though Microsoft's eye-watering bid has still been left on the table to be "rekindled" at a later date. + +https://www.eurogamer.net/articles/2021-04-21-discord-ends-acquisition-talks-with-microsoft +- **SafeGem is exploring a yet untouched niche in the crypto space that holds enormous amount of potential, NFT authentication of precious stones.** + +The project will allow precious stones to be authenticated over our platform. The stones can include Crystals, Diamonds, Adamite, Amber and so on. **They will be authenticated through NFT platform and given a digital certificate. That means, once a gem gets verified by our marketplace, you will be issued a digital certificate and the stone will forever stay on blockchain which will make you a legal owner of the product.** Thus, SafeGem will utilize the intrinsic properties of NFT’s to create an exclusive platform that will provide digital certificates to sellers across the globe. + + +##KEYFEATURES 💎 + +- **Ownership will be renounced and Liquidity burned. Your funds are SAFE here! +New Professional website design finished and we have a BIG marketing plan coming in.** 🛡 + +- **Market cap of only $6m which will not stay there for long.** 📈 + +- **Very experienced and committed team with community manager being in Telegram voice calls every day.** 📱 + +- **Not just a meme coin but the team is hard at work to deliver NFT platform and has made an amazing progress so far. Originally was scheduled for Q4, but will likely be finished much sooner.** 🚀 + +- **This NFT launchpad will allow artists to upload various NFT's created for sale or bidding.** 💰 + +- **Together with the release of our NFT partner portal and marketplace, $GEMS will be transformed to the utility token of the platform. Similar to other NFT launchpads, you will need to have $GEMS to be able to navigate (upload, vote, bid, purchase) on the NFT marketplace.** 💎 + +- **Charity and Donations will be used for supporting families that fell victims of blood diamond fields in Marange, eastern Zimbabwe.** ❤️ + +- **Coingecko and Coinmarketcap listings are expected to happen any day now.** ✅ + +- **NO big whales with additionally implemented anti whale mechanism where only 0.1% of max supply can be sold(or bought) at once.** 🐳🚫 + +- **Tokenomics with 5% burned forever on each transaction and 6% distribution among Holders** 🔥♻️ + +&nbsp; + +**Important Links** + +&nbsp; + + +📱 Telegram: t.me/safegemtokens + +💎 Website: safegem.finance/ + +🍰 PancakeSwap link [Use V1]: v1exchange.pancakeswap.finance/#/swap?outputCurrency=0xdfdec49462f7d3c3b0a48e729f77a0645cdfa7c0 + +🔗 Contract address: 0xDfDec49462f7D3C3b0A48E729F77A0645CDFA7c0 + +📈 Chart: dextools.io/app/pancakeswap/pair-explorer/0x08cb3492e0ed01d0cb472c58a7cea7fa8d494c47 + +🦄 Medium: safegemfinance.medium.com +- **SafeGem is exploring a yet untouched niche in the crypto space that holds enormous amount of potential, NFT authentication of precious stones.** + +The project will allow precious stones to be authenticated over our platform. The stones can include Crystals, Diamonds, Adamite, Amber and so on. **They will be authenticated through NFT platform and given a digital certificate. That means, once a gem gets verified by our marketplace, you will be issued a digital certificate and the stone will forever stay on blockchain which will make you a legal owner of the product.** Thus, SafeGem will utilize the intrinsic properties of NFT’s to create an exclusive platform that will provide digital certificates to sellers across the globe. + + +##KEYFEATURES 💎 + +- **Ownership will be renounced and Liquidity burned. Your funds are SAFE here! +New Professional website design finished and we have a BIG marketing plan coming in.** 🛡 + +- **Market cap of only $6m which will not stay there for long.** 📈 + +- **Very experienced and committed team with community manager being in Telegram voice calls every day.** 📱 + +- **Not just a meme coin but the team is hard at work to deliver NFT platform and has made an amazing progress so far. Originally was scheduled for Q4, but will likely be finished much sooner.** 🚀 + +- **This NFT launchpad will allow artists to upload various NFT's created for sale or bidding.** 💰 + +- **Together with the release of our NFT partner portal and marketplace, $GEMS will be transformed to the utility token of the platform. Similar to other NFT launchpads, you will need to have $GEMS to be able to navigate (upload, vote, bid, purchase) on the NFT marketplace.** 💎 + +- **Charity and Donations will be used for supporting families that fell victims of blood diamond fields in Marange, eastern Zimbabwe.** ❤️ + +- **Coingecko and Coinmarketcap listings are expected to happen any day now.** ✅ + +- **NO big whales with additionally implemented anti whale mechanism where only 0.1% of max supply can be sold(or bought) at once.** 🐳🚫 + +- **Tokenomics with 5% burned forever on each transaction and 6% distribution among Holders** 🔥♻️ + +&nbsp; + +**Important Links** + +&nbsp; + + +📱 Telegram: t.me/safegemtokens + +💎 Website: safegem.finance/ + +🍰 PancakeSwap link [Use V1]: v1exchange.pancakeswap.finance/#/swap?outputCurrency=0xdfdec49462f7d3c3b0a48e729f77a0645cdfa7c0 + +🔗 Contract address: 0xDfDec49462f7D3C3b0A48E729F77A0645CDFA7c0 + +📈 Chart: dextools.io/app/pancakeswap/pair-explorer/0x08cb3492e0ed01d0cb472c58a7cea7fa8d494c47 + +🦄 Medium: safegemfinance.medium.com +As I’ve grown older one of the more peculiar things I’ve realized is that there really isn’t any proven path to professional success. In fact, there doesn’t even seem to be a consensus definition of success. I’ve had the opportunity to break bread with Chinese billionaire clients, former high school friends turned blue chip VC partners, and post-entrepreneurial retirees in their thirties now training at my boxing gym. Metrics of professional success vary wildly, from raw net worth to annual portfolio ROI to the amount of daily leisure time afforded. The path(s) to achieve such diverse definitions of success is an order of magnitude even more varied. + +But there is one common trait that every “successful” person I’ve talked to has espoused, and that is the cultivation and application of good judgement. Naturally one might ask, what does good judgement look like? I find good judgement to be easy to recognize when I see it demonstrated, but curiously difficult to actually define. One working definition I like is the *ability to understand the long-term consequences of your actions*. Another is *the ability to recognize, control, and channel your emotions, rather than allowing your emotions to hijack, control, and use you*. + +Perhaps it’s easier to define and better illustrate the benefits of good judgement by demonstrating the application and pitfalls of poor judgement. I’ll share three examples from my own career that I’ve done some reflecting on over the years. It’s going to be impossible to capture all the nuance and specifics of each situation, but I promise to be as honest and objective as I can. + +# Personal Directive + +The most common behavioral interview question consulting firms ask prospective students is *“why do you want to do consulting?”* If we were all telling the truth, the overwhelmingly most common answer would be *“prestige”*, followed by *“exit opportunities”.* For me it was both. I interviewed well and got several offers coming out of school. However, during my first go-around at consulting, I was absolutely miserable, and perhaps more importantly, terrible at my job. + +I spent so much of my time positioning myself to get onto the sexiest projects. I networked well and was able to do so. My peers were jealous of me; early on I was seen as the high-flyer amongst my class, and I reveled in it. However, I consistently underperformed on my projects; I was sorely lacking all the fundamental junior consulting skills my peers had developed on less sexy projects. After two years of underperformance, I did not make the promotion cut and was transitioned out. + +**I exhibited poor judgement** by spending too much time chasing what I thought would position me best for exit opportunities, and not enough time figuring out if I actually enjoyed / was good at consulting. My insecurity and (at the time unknown) need for external approval clouded my internal decision-making process. Better judgement would have been to reallocate much (not all) of the time and effort spent networking into actually developing the core consulting skill set. I believe this would have made me a better consultant, and more importantly it would have helped me realize more quickly if I truly wanted to do this long-term. + +# People Management + +Fast forward a couple years after being unceremoniously booted from my first consulting firm; I was now an engagement manager at another firm running a high-profile project for a first-time client for the firm. One of the team members staffed to this project was an experienced associate up for promotion soon. Over the first two weeks, she spent a good amount of time “coaching” other team members, but not enough time looking after her own work. I shared my concerns with her during our feedback session, where I was met with a combination of defensiveness and lukewarm acceptance. The following week I asked her to own a menial but critical task (cleaning and aggregating raw data into a pivot table), where she let me know in no uncertain terms the work was beneath her and she would not do it. + +Filled with moral indignation and self-righteous fury, I went to the project partner and demanded she be rolled off and replaced with a more competent associate. I told him she was endangering the project, and for good measure, added she was jeopardizing his chances for future projects with this client. This particular partner was not someone I would consider a role model, but on that day he did deliver some sage if not brutal career advice: “*You’re not a leader because you make pretty slides and talk a good game. You become a leader when you can turn a group of mediocre performers into a high-performing team. Figure it out.”* + +On that project, I was unable to figure it out. In the end I could not get any meaningful contributions from the aforementioned associate, nor could I get her rolled off the project. We managed to deliver an acceptable work product at the end, after 11 weeks of consistent 70+ hour weeks. The associate was not promoted and was soon counseled out. The partner did not manage to sell any follow-on work to the client. I received poor marks during my review and developed a reputation among the juniors as a project leader to avoid getting staffed with. + +**I exhibited poor judgement** by failing to realize not everyone makes decisions I would. As a junior consultant, I was always insecure about my lack of industry knowledge and a such was always happy to exchange grinding unpalatable tasks on my part for mentoring from my managers. I assumed everyone else was the same; I was wrong. The associate in question had a PhD and several years of industry experience; in hindsight it was preposterous to think she would have the same goals I did when I as in her shoes. + +Even more damning, **I exhibited poor judgement** by letting my indignation and sense of righteousness get the better of me. I was so caught up in how I was wronged; I did not have the wherewithal to simply ask her what she wanted, and *actually listen*. In hindsight, it’s painfully obvious now that one of her developmental goals was to demonstrate more leadership in order to position herself for advancement. It would have been simple for me to reassign the task to an intern and have the associate manage / complete the workstream. Intern gets the reps and coaching, associate gets the management experience, and I get a quality work product. Win-win (win). + +# Capital Allocation + +I am a small-time philanthropist, donating to local charities and non-profits that champion causes consistent with my value system. I am also a big proponent of impact investing, where the success of the fund is not measured (only) in ROI but in efficiently investing in projects consistent with its mission. I take great personal pleasure in deploying my personal wealth (and time) towards causes I am passionate about. + +But I am also a professional investor, where my first and foremost objective is to maximize risk-adjusted returns. Earlier in my career there was a certain political ideology I felt quite strongly about. I believed I, and the people that agreed with me, were the “good guys” and refused to believe those on the other side had anything to offer intellectually. I invested a good amount of personal capital, and even more so personal time and energy, in areas that aligned with my (at the time) ideology. In my mind, I was NOT investing for impact; I truly thought this was the highest ROI decision available to me at the time. + +**I exhibited poor judgement** by seeing the world the way I wanted to see it, rather than the way it was. I fell victim to confirmation bias, seeking out opinions that validated my own and discrediting anything and anyone who disagreed with me. My anger at the “bad guys”, and more importantly my failure to realize that my anger was driving my decisions, clouded my financial and even spiritual decision making. Please note I do NOT think it is a lapse in judgement to invest in causes you care about; the mistake I made was confusing what I wanted to be true with what actually was true. + +# Conclusion + +A natural question to be asking at this point is “how do I cultivate better judgement?”. I’ve already rambled on for longer than I originally intended to in this post, but if there’s interest I could certainly see myself starting a thread / discussion on that topic at a later date. Most of my thoughts of the matter touch on the intersection of philosophy and spirituality and may not be appropriate for this particular subreddit. + +As a closing remark, I certainly do not think it is any sort of “moral failing” at all to be exhibit poor judgement throughout one’s life. I find it’s the best (perhaps only?) way to grow and consequently exhibit better judgement in the future. A mind capable of good judgement is hard-earned; a mind capable of perfect judgement is an asymptote we can strive for but accept we will never reach. In my humble opinion, the moral failing, if there is one at all, is to be capable of yet refuse to live an examined life and learn from our past mistakes in judgement. + +Thanks for reading. +Hello fatFIRE. I seek your advice regarding how I should invest some capital I have been sitting on. + +**Background Info:** + +I am the owner of a small business that currently makes anywhere between $1-3 million in net income each year. Outside of the money generated by the business, I pay myself a salary of around $1m (pre-tax) each year as well. My spouse's salary is around $200k (pre-tax). Most of my net worth has been built on top of my business and its income. My money does not really "work for itself" as much as I would like it to. + +**Previous Investments:** + +Currently, I have around $3m in liquid assets available for investment. I already have around $1m fmv invested in rental real estate properties that are managed by my spouse. In addition, I have another $1m in portfolio value invested in the market. + +I do not have the time to actively manage a portfolio or even closely monitor its performance. I have previously worked with private wealth managers but have been extremely disappointed in their performance thus far. Our retirement accounts are already maxed out each year. + +Thank you for your time and any suggestions you might have. + +Edit: + +Here is a compilation of helpful suggestions from this thread in case someone finds this post later on with a similar question. + +* [This website](https://portfoliocharts.com/portfolios/) includes the performance of various portfolios dating back a few decades. The index funds used in composition of these portfolios can be [found here](https://portfoliocharts.com/portfolio/index-funds/). + +* Many people have suggested the [three fund portfolio](https://www.bogleheads.org/wiki/Three-fund_portfolio). To supplement this, it seems reading "The Little Book Of Common Sense Investing" would be helpful. + +* In addition to the three fund portfolio, one person suggested an investment in a municipal bond fund rather than a total bond fund. According to this user, bond dividends are usually taxed at your marginal tax rate rather than the capital gains rate. Municipal bonds, however, are free of federal tax and have manifestations (through Vanguard) that is exempt at the state level for CA, MA, NJ, NY, OH, PA. Outside of those states, the user suggests the etf VTEB (etf version of Vanguard Tax-Exempt Bond Index), "which is a total muni bond fund that is federally tax free" but maintains state taxes. The downside to this is "that muni bonds are only one class of bond, so you wouldn't be getting mbs, treasuries, corporate bonds, etc... another option is to split your bond allocation and go like 25-50% muni bond fund, and 50-75% total bond but paying an additional 0.84%/yr is a lot just for more diversity" https://investor.vanguard.com/mutual-funds/vanguard-mutual-funds-list?assetclass=bond&taxeff=xmpt + +* Some suggested portfolio compositions include: [72% VTSAX, 15% VTIAX, 13% VTBLX.], [63% FZROX or ITOT -total US stock index. 27% FZILX or IXUS -total international stock index. 10% FHIGX -total municipal bond index for taxable account. Can use total US bond index in retirement accounts like FXNAX. ] + +* A few people suggested my spouse become a full-time real estate professional. At this point, the suggestion is that I buy enough units (maybe larger multifamily) and use the tax advantages from cost segregation and bonus appreciation. +https://www.nolo.com/legal-encyclopedia/tax-advantages-landlords-married-real-estate-professionals.html + +* Tax suggestion: S Corp election for an LLC and having a salary of 200k and dividends of 800k would be a massive reduction. Real estate, asset depreciation, other tools should also be used to your advantage. Speak with your CPA. + +* Another tax suggestion: Triple stack 401k https://employeebenefitplanaudit.belfint.com/triple-stack-match/ +When I started to invest in ETH everyone said it would be the future of all financial transfers. I wasn't too sure about that, but saw it as a good investment regardless so I bought some. Fast forward to today and the business week has ended. I've waited 3 days for an electronic transfer of US dollars to my checking account to use for a down payment on a car. I could have transfered ETH from one account to another in under 30 seconds. I'm annoyed, but now I understand there may be some truth to this future of financial transfers talk.. Guess I'll be asking the dealer if they take ETH this Saturday. + +Cross posting to r/ethereum +I have 500k, tax free. I paid off our immediate debt such as credit cards and vehicles. No student loans. I own our home but will be selling soon and moving in with a family member so the bills will be cut in half for now. I personally do not have anything such as a 401k etc. +I'm 30 with 2 young children. I will be returning to work when I'm mentally able, where I typically make 30k-35k a year. Im typically a pretty frugal person and dont want or plan to make any large purchases. +Help? I honestly do not know where to start... +[https://www.financialstockdata.com/article\_peter\_lynch\_technical\_analysis](https://www.financialstockdata.com/article_peter_lynch_technical_analysis) +I am wondering what valuation metrics or ratios other value investors use when researching companies. What are your favorite metrics or ratio's when conducting fundamental analysis of a business? +I think alot of the new posters on this board have the impression that if you make a good enough DCF model, have a good enough investment checklist and do enough quanitative anaylisis you will be a good value investor. To be clear there is nothing substantially wrong with these tools but in my opinion value investing (which I consider growth at a reasonable price) should be much more fluid. It is not a rigid inflexable set of ideas and criteria. Yes cash flows are extremely important but if the stock has high FCF today and future cashflows are easily predictable chances are they are already selling at a premium. That plus the assumptions you make are likely going to be wrong. I've seen checklists that disregard companies that are losing money. I think this is a huge mistake especially if the reason is only temporary. A company that can improve its buisness and fix a big problem can huge returns. My only extreme guiding principle that is inflexable is what Benjamin Graham said in the intelligent investor. "An investment operation is one which, upon thorough analysis, promises safety of principal and an adequate return. Operations not meeting these requirements are speculative" saftey of principle keeps me away from the meme stocks and high-flying overvalued garbage. Everything else is mostly situational there can always be special situations. +My company’s health insurance has ridiculously high deductibles ($9,500). One of our employees had been having health problems for a while but put off care because she couldn’t afford her deductible. By the time she went to the hospital, her health was so bad that she was dead within 36 hours. + +That situation is my worst fear. I can’t afford my deductible either and I worry that I’ll be in a situation that will either bankrupt me (again) or be my death sentence. +A bit of background about myself. I'm a 27M, software engineer in a LCOL major city. The following is for reference but not the point of this post: + + NET WORTH: ~$255k + Cash: $30k + 401k (mostly Roth): $76k + Roth IRA: $57k + Brokerage: $50k + Crypto: $31k + HSA: $12k + + COMPENSATION: ~$140k/yr + Salary: $106k + Bonus: $10-12k + Company match: $8.5k + Side hustles: $10k-30k + + INVESTING: ~$45k/yr (Invested mostly in index funds) + Roth 401k: $26.5k/yr (max + backdoor) + Trad 401k: $8.5k/yr (company match) + Roth IRA: $6k/yr + HSA: $3.6k/yr + Brokerage/Crypto: Anything leftover + + DEBT: $0 + + EXPENSES: ~$42k/yr + Monthly expenses (bills/necessities): $1k-1.5k/mo + Monthly expenses (fun): $1.5k-2k/mo + +Here is my salary journey that I'll explain below: + + 2018: Graduated (bachelor's in computer science) + 2019: $70k TC + 2020: $100k TC (new job) + 2021: $105k TC + 2022: $128k TC (promotion) + +In 2019 a few months after graduating college I was pretty crappy at interviewing and ended up signing with a contracting company (but a salaried position) via a family friend for less than I could have been paid. This was at the time not a terribly great decision but later ended up becoming a blessing. My first assigned project (contracting into a fortune 100 company via this small contracting company) ended up being quite a high exposure project within this fortune 100 company. My "fortune 100" boss was actually a chief at the company and should usually have about 5 layers of management between himself and software engineers but chose to be hands on and working directly with contractor engineers. The working world took me by surprise being much more difficult than I had thought it would be in college. I adapted and worked very hard my first year. 11 months in I was approached by another department at this fortune 100 company saying they saw the work I was capable of and could really use me on their team. I did not have to interview and only had an HR screening call that asked what salary I was expecting. I used the "I expect to be paid market rate for embedded software engineers with my experience." I wasn't even a particularly talented embedded software engineer, but knew they were a higher paid division within the field. The next day I was presented with an offer that had $100k TC. I was absolutely shocked at how much they offered me with less than 1 year experience in a LCOL area, but put on a front and still told them that was a bit lower than I was expecting via call. The HR rep immediately told me they cannot budge a penny on this offer with my amount of experience. I asked if they would consider adding a signing bonus to which she replied she would ask and get back to me. They let me hang a full day until I got cold feet and realized I had no more bargaining power here and I wasn't going to let a possible few thousand dollar sign on bonus destroy a 40% raise. I accepted the offer that night. + +It has been almost 2 years to the day since I was hired in. I have worked very hard, but not necessarily extra hours, to learn as much as I possibly could. Almost every person on my team has changed during this 2 year period to me now being the 2nd longest tenured engineer on the team. I've wedged my way into a strong niche where I am a key piece of this team. I'm the only software engineer on my team, so I write ALL of our software needs from scratch. I haven't had any mentors or senior software engineers teaching me, I've been self learning as I go. Through learning and trial and error I've been able to fulfill every request that has ever been asked. I love the work I do and often requires less than 40 hours of work per week. I've been fully remote since my first day as well which I love. + +Last month I got my yearly 3% raise and bonus. A few weeks ago I was notified by my boss that I was given a special title that was not a promotion but basically increased the salary band for my position meaning any future raises and bonuses and promotions would bring more money but not affect me right now. This morning to my complete surprise I was pulled into a 1 on 1 meeting with my boss. I was presented with a real promotion (under the new "special title") that raised my TC by more than $20,000. I am absolutely shocked and didn't expect a promotion for over another year. When I'd asked my boss recently he said to expect a $3-5k salary increase on my eventual promotion. + +Over the past 7 years I've also been avid at finding and profiting via side hustles. I've posted in the past about a social media marketing company I started at the age of 21 and scaled to $400,000 a year within 2 years. It is too long of a story to include in this post, but essentially it was a volatile business and I heavily reinvested the entire period until it miraculously dissolved leaving me with $60,000 total banked when it was all said and done. Since then, I've found more automated side hustles that generate anywhere from $10k-30k per year. I generally don't even think of it or bank on it in terms of yearly compensation but I did include it in the numbers above. This extra money usually goes toward a new gaming pc, fun, or to a brokerage/crypto. I can't share too much about these side hustles because they are so obvious that if I give any hints they'll be exposed. Essentially I write code that automates income in various legal ways. + +Today I'm sitting around a $255,000 net worth at 27 in a LCOL area. I understand I am doing well but don't really feel like it often times. Especially seeing others in my field pulling in my net worth or more in a single year in a HCOL area. My ultimate goal is to retire by 40 with $1.5-2m. I'm not quite on track for that yet but I'm really trying my hardest. + +I'm just a mediocre guy. I've never had a crazy work ethic and often feel that luck has played a large role in where I am today. Has anyone had a journey similar to this? Do you think my FIRE timeline and dollar goal is realistic? +I need to give some backstory to this for it to make more sense. + +I'm 23, newly engaged, and wanting to purchase a home in 2-3 years. My whole life I've been surrounded by European cars, and so my mind immediately went to a Euro the second I was financially stable enough to purchase my first car. I bought a Peugeot 508, about 62k, with a $13,500 down payment. I'm paying $987 a month on finance, and $230 a month on insurance. I earn about $800-$900 a week depending on hours. I'm moving up quite quickly in my career, and if I continue my upwards trend I've got an opportunity coming to potentially go to salary and on $85,000 a year in the next year or so, though I absolutely don't want to bet on this as a worst case scenario. + +Since my purchase, the value of my car has gone up $10,000, give or take. I really don't want to admit it to anyone, even my fiance, that I was wrong in my purchase (my fiance was trying to talk me out of it), and that I would much rather have a car that suits my lifestyle better (fishing and camping) with a 2010 or so 4x4 like a Prado or something. + +At this stage, I could sell my car and I'd probably have about $30,000 from it. What is the best outcome for me? One of the issues I have is that if I do sell it, I've heard that my credit score can be affected poorly because I'm ending a loan early and not paying it out in the given time, though I'm truly not sure how correct that is. I could stick with the car, but paying over $1000 a month on my car will SIGNIFICANTLY affect how much my fiance and I can borrow for a house. I'm very conflicted, and would love some advice from a 3rd party. + +Cheers. +Started new job as a restaurant manager at a busy restaurant 5 weeks ago. I needed work really bad and accepted $40,000/year for scheduled 50hr weeks. I did some reading today (https://www.federalregister.gov/documents/2016/05/23/2016-11754/defining-and-delimiting-the-exemptions-for-executive-administrative-professional-outside-sales-and) and learned that i SHOULD be getting a minimum of $47,476/year. + +I feel dumb for not knowing this before hand but now i feel the need to address this. So how do i proceed? + +Background: I am one of the only (maybe THE only) salaried assistant manager inside of the 28 locations and everyone else is hourly. I have been told verbally that i will be promoted to GM in 6 months and the assistant role is temporary. I'm basically an AGM until i learn this company's way of doing business. I am at the busiest location and have been well respected so far for what i bring to this company. + +My plan is to write HR with the links to the DoL rules and request that they look into this. +I feel a little worried that me being new and all, i could be looked at as a "trouble maker" or something? Feels like a delicate situation but maybe i'm making too much out of that? I just want what's fair. I agreed to $40k but if i should getting more, i obviously want that instead. + +TLDR; accepted a 50+hr position making $40k 5 weeks ago. If i'm reading the DoL website correctly, i'm entitled to $47,476 minimum. How do i request the rest of the salary without it coming off on me poorly, being new??? +I remember very well how it all went. +December 2017, bitcoin prices skyrocketing, me being a minor and having no money to invest, my dad clueless as a bird. + +1 Bitcoin was about $15.000 back then, so i tell my dad all about Bitcoins and that the price is going up so rapidly and how it’s definitly a “safe” investment. +I get him all excited and sure enough, he makes an account, we buy some bitcoin and we wait patiently while watching the price keep going up.🚀 + +A week goes by, all seems good. +Another week goes by and the price just starts tankin’📉😭 +So here i am, telling my dad not to worry and explaining that we’ll just have to hold. (Or even buy more while it’s low.) But why would he believe me when 2 weeks after i tell him to invest everything just crashes. + +BUT, now February 2021, my dad is still a proud and happy bitcoin holder. +And i finally get to say “I told you so”. + +Moral of the story: HODL 🙌💎📈🚀🚀🚀 +I am heavily invested in MULN, before the hyper pumpers and bears piled in. We are sitting below 30cents and it just bounces back and forth from 26cents and 32cents, with 9 digit daily volume, some days 250mil in volume…. With no real price change. It’s not good enough to wrap it all up into the answer “shorties or Tutes are manipulating” we know that, looking to understand this particular part of that. + +Recently, State Street, Blackrock, and Citadel either significantly increased their positions or bought in to MULN, Always to the tune of millions of shares, at a price tag of 30ish cents, it’s the equivalent of us finding a nickel under the seat of our car to them. + +One theory that I heard from a YouTuber I think, was that they could be looking for what they know to be severely undervalued stocks, even down into penny stock range while trying to make up for severe losses elsewhere. The example he gave was the money that is now locked up in FTX debacle that they don’t have access to and will probably lose to cents on the dollar. The timeline adds up, but correlation doesn’t mean causation. + +It’s not recorded anywhere I can find, but I’m sure these places trade and short this stock daily without having to report it as they close their positions daily “at the bell” or last minute. People get excited when they see a huge block trade in the last few minutes. To me it means short sellers are closing their positions to not have to report that activity. (That’s a real thing, and sometimes that comment seems to trigger people, fact check it). Which is why AH it can climb almost the percentage it lost. Next day it happens again. If they decide to let it rise, they increase their share values, and maybe 10 cents higher they start the days short trading all over, making money both ways, as a “long” shares and as a “short” the whole way up. This happened with another stock I’m heavily in, TELL. When we got above $2.00, it pretty much stopped and is now stalled between $2.60 and $3ish. But the process is the same. + +I’m just looking for anyones intelligent or informed thoughts on this type of thing? +Let's say you make $100,000 a year and contribute your standard 6000 limit every January 1. But what happens if, say, in July of the same year you get a new position that pays $250,000 -- that is, it makes you ineligible for a roth contributions but you already made a contribution in the calendar year? (You've presumably already made stock purchases and could potentiality have lost on those as well.) Thank you. +I've been developing a few strategies but one of the problems I've come across is how to compare them to one another. + +Edit: also if this question has been asked before it would be great to see some of their comments +Hello r/CryptoMoonShots Let’s talk about Fox Finance $FOX 🦊🦊🦊! + +Current Market Cap: **4754552** (08.04.21 10am GMT) + +**What is it?** + +$FOX finance is an auto-staking token on the Binance Smart Chain, which grants rewards for its holders. Each transaction (buy and sell) incurs a 12% transaction tax from which 6% goes to liquidity and 6% distributed to holders according to their stake. + +**Liquidity is locked** on a daily basis rolling for 4 years. + +1T daily burn for the first 50 days. Additional regular burn of liquidity to try and keep as close as possible to 10% circulating supply. The burn address is also a "HODLer" so it gets a share of the 6% tax based on its stake which is currently about 4% - but this will grow exponentially. +**Check the burn wallet on BSC scan:** 0xFAd8E46123D7b4e77496491769C167FF894d2ACB?a=0x0000000000000000000000000000000000000001 + +We are really starting to notice the momentum now, and the number of FOX wallets and numbers participating with our social media has really started to take off. **We currently have 9,757 holders and we have planned something special when we reach 10K!** + +**Our ERC-721 NFT contract is now deployed and fully functional on mainnet!** We are one of only a few projects on the BSC network to have achieved this. We have just teased a beta of our upcoming NFTs, which will start with HODL badges and other memorabilia - but we have paired up with some amazing 3D and AI artists - watch this space! Congratulations Roy (@waarismijnpost) for being the proud winner of our first public NFT! + +On April 5th, we hosted an AMA ("Ask me anything") on our Discord where the owner L1sak revealed his public identity and told us to expect **FOX FINANCE to be granted LLC public entity status** within days! After becoming increasingly disenfranchised with the current state of the cryptocurrency culture and with BSC in particular, his vision is to legitimize the space and offer holders a project that is legitimate, legal, trusted, open and offering lucrative investment opportunity whilst also giving back to the environment and the natural world. + +Our model incorporates a constant flow of **"FOX IN ACTION"** campaigns on our website foxfinance .io. Wallet-drop prizes are awarded for all holders who perform certain tasks like charitable giving, planting trees or using metal straws instead of one-use plastic. Our founder hopes in the medium-longer term to streamline these campaigns and integrate them into iOS and android App development to make this more accessible for the general public. #foxinaction + +**Check out our Twitter page today for a 25 Billion $FOX giveaway.** (foxfinancebsc) + +We have recently become integrated with Trust Wallet (logo showing) and have beta integration with Metamask (working more consistently on PC's at the moment). + +I'm a HOLDer since the start and have volunteered as a forum mod on Telegram, which I have to say has been a pleasure and it's one of the most buzzy and active telegram communities I have had the pleasure of joining. + +**Youtube video release today!!! (German Speakers) - Kryptowährung News - Alles zu Kryptos & Aktien - go and check it out!** + +Thanks [u/SION42x](https://www.reddit.com/u/SION42x/) for compiling below + +**SAFU?** + +Liquidity is locked: [https://deeplock.io/lock/0x3027AD7781700A03496613377152dBa78C38fa55](https://deeplock.io/lock/0x3027AD7781700A03496613377152dBa78C38fa55) + +This is no pump and dump. The owner did not take advantage of the ATH, and the admins are all HODLing with everyone else. We really want to see this coin grow and to fund our tech roadmap to make this a real project for change. + +**ROADMAP PLANS** 📈 + +Here’s what’s on the horizon: + +**NFTs** \- We have two different types of NFTs. One is a standard, mass-minted NFT that we hope to use for HODLers, airdrops etc. These have launched and are already being offered to FOX contest winners via our social media campaigns. These include fun things like FOX graphics and GIFs. The other type of NFT we want to start pushing very soon are more unique and include things like 3D printable FOX content, AI art, and more collectible style FOX merchandise. I'm really excited about this one! + +**Charity Matching and Escrow** \- This is important to us. It’s how we plan to get money to the organizations that need it for our mission. We’re working on escrow contracts and other possibilities for collecting FOX donations, possibly with matched by liquidity from NFT auctions. We are working with our legal team to get this approved and in place as soon as possible. These donations will go directly to charitable wildlife and environmental organizations, possibly through The Giving Block, a crypto donation provider. We have several community members who have already donated to WildlifeAidUK, World Wildlife Fund and Saveafox. At the moment, Binance Smartchain does not have the NFT auction infrastructure in place for the kinds of things we are looking to do. At the moment, they are closed markets. Bakeryswap and NFTKey are the biggest - but no open markets, no API's and no projects made to work on it for marketplace building. We are hoping to build a decentralized platform ourselves for NFT interaction, exchange and auction. + +**Admin Dashboard** \- Right now things like Airdrops and prize disbursements aren't easy on BSC. It's mostly done manually with wallet to wallet transfers or interactions through the contract done by someone with credentials. The goal here is for us to have a dApp that combines contracts and web3 code to make it easy to do mass airdrops, awards, NFTs, etc. + +Website: FOXFINANCE . IO + +Contract address: 0xFAd8E46123D7b4e77496491769C167FF894d2ACB + +Telegram: Foxfinancebsc + +Twitter: foxfinancebsc + +Discord: djEbkq2q + +bscscan: [https://bscscan.com/token/0xfad8e46123d7b4e77496491769c167ff894d2acb#balances](https://bscscan.com/token/0xfad8e46123d7b4e77496491769c167ff894d2acb#balances) + +How to Buy: [https://exchange.pancakeswap.finance/#/swap?outputCurrency=0xfad8e46123d7b4e77496491769c167ff894d2acb](https://exchange.pancakeswap.finance/#/swap?outputCurrency=0xfad8e46123d7b4e77496491769c167ff894d2acb) (slippage 12-15%) + +Chart: [https://poocoin.app/tokens/0xfad8e46123d7b4e77496491769c167ff894d2acb](https://poocoin.app/tokens/0xfad8e46123d7b4e77496491769c167ff894d2acb) + +DYOR - this project was only released on March 16th and remains in an early stage of development. We have an organized and dedicated team working to consistently deliver on our roadmap promises, but it would be reasonable to expect higher market volatility at this early stage. We have applied for Coin Gecko and Coin Market Cap listing and have confirmed that our application is all in order - we are waiting on this and hope to hear some good news soon, but it is not a priority for us. We are keen to build the largest level of ground-level support, legitimacy and technical roadmap completion possible in order to make our listings an explosive force multiplier for FOX value growth! Please be aware that there are other tokens with a similar name listed - please be sure to use the correct contract address or direct link above. +\*RECENT ANNOUNCEMENTS: + +1. 180 financial articles lined up +2. Large Poocoin banner ads will be up +3. ETH bridge will be live +4. Several high-profile crypto influencers will mention us + +&#x200B; + +GREEN CHART has been one of fastest-growing projects of 2022. Since launching on December 28th, the project has reached a peak of **20M market cap, tallied over 6400 holders and 13.4k Telegram members, and has trended on CMC’s Top Gainer’s List and DexTools.** + +&#x200B; + +GREEN CHART’s mission is simple: **to do anything and everything possible to post a green chart.** The project’s vision is to become a hyper deflationary store of value that constantly and passively grows via staking. Some of its roadmap goals include developing a mobile wallet application, partnering with [Shopping.io](https://shopping.io/) to allow users to shop with their tokens, and developing a functional blockchain. + +&#x200B; + +A major reason for its early success has been its **brilliant tokenomics:** + +1. On all sell transactions, GREEN CHART **buys back and burns**. This allows for added buy pressure and an ever-rising floor price. +2. **No reflections or rewards on buy and sell transactions.** The team figures that this actually increases sell pressure because it must inherently have the BNB taken from it, hence adding sell pressure. Absolute genius; I can see micro caps adopting this in the future. +3. **Staking rewards.** This is where the project shines. Holders are encouraged to stake all or a portion of their tokens. They then have an option of choosing how long they want to stake their tokens, with those who stake longer receiving more from a better % APY. As a result, staking deters holders from selling too quickly. + +&#x200B; + +I’ve been impressed with the project’s community. Its Telegram has already grown to 13.4k members, and they are extremely supportive and the most active in participating in daily social media shills that I’ve ever witnessed. The marketing team is led by Travladd (@OfficialTravlad), who has a great track record of helping micro caps, with Bonfire being his best project he’s helped so far (peak MC 800M). **He’s already recruited the likes of Crypto Messiah, Tommy Chong and Snoop Dogg** to help promote GREEN CHART. The project developers, led by Brady, are communicative on Telegram, willing to address concerns or questions brought up in the project group chat. + +**The team is looking forward to launching its Ethereum bridge very soon, which will undoubtedly increase their daily volume.** Statistically, ETH investors invest 5x more on average than BSC investors. + +&#x200B; + +Contract address: 0x5775e60447a0bc86c67c61472476ebf6fcab0d87 + +&#x200B; + +**TOKENOMICS 🪙:** + +\-Total Supply: 100,000,000,000 + +\-75% Community (75,000,000,000) 🧑🏻‍🤝‍🧑🏻 + +\-20% Burned (20,000,000,000) 🔥 + +\-5% Team (Locked wallet): 🔒 + +\-2.5% Dev (2,500,000,000) + +\-2.5% Marketing (2,500,000,000) + +&#x200B; + +**TAX (Current Promo)**: + +**Buy ⬅️:** 1% (Marketing) + +**Sell ➡️**: 25% (15% Marketing, 4% Buyback, 6% Staking) + +# Staking rewards 🎁: 7 days: 300% APY, 30 days: 500% APY + +&#x200B; + +**Whitepaper:** [https://docs.greenchart.finance/green-chart-whitepaper/](https://docs.greenchart.finance/green-chart-whitepaper/) + +&#x200B; + +**ETH bridge launching soon 🌉** + +**Doxxed Team** + +**Techrate Audit** + +**Listed on CMC & CG** + +**Trending on CMC and DexTools** + +**Recently rebranded (re-designed logo, banners, website)** + +&#x200B; + +Telegram 💬: [t.me/greenchartbsc](https://t.me/greenchartbsc) + +Website 🌐: [https://greenchart.finance](https://greenchart.finance/) + +Chart 📈: [https://www.dextools.io/app/bsc/pair-explorer/0xbf73bb7ec3a9d7dce34869129d51e06d98b74868](https://www.dextools.io/app/bsc/pair-explorer/0xbf73bb7ec3a9d7dce34869129d51e06d98b74868) +Posting this for my dad since he's not on Reddit and too stubborn to ask for advice. He's over 60 now and sometimes works 70 80 hour weeks as a limo driver for money. He virtually has no savings and because of all the sitting and his hands on the wheel his back is hurting alot and his fingers are showing signs of arthritis. He has a degree in agriculture but I don't think he's ever used it although he's very knowledgeable of growing and gardening because of that and his personal garden. He's had several different jobs like in insurance but that was about 20 years ago, he owned a rent a car for a good amount of time but ended up going bankrupt because it was close to the airport and 9/11 happened dropping his revenue alot, he lived in Iran for about 8 years until 5 years ago where he did some importing and exporting work but has been at the limo job until now. I try to give him advice of applying for some random jobs but he says no one will hire him because of his age and is saying he's going to start an online store now. I'm honestly worried about his health at this point but he needs the money too so I'm completely lost tbh. +For anyone that has built their own system I am curious how you optimized your data processing. + +There are things like order routing and processing the main data feed for alpha signals that obvious need top priority. + +Then there are things like reporting, logging, and other things that can run in the background. These types of things don't require the same attention to latency as the rest of the tasks. + +So how are you separating out things? I am looking for some best practices in general here. Specifically I am exploring pros and cons of running lower priority tasks outside of the main thread, or using Async on these to not molest higher priority things on my main thread. + +So in short how do you handle blocking? Any opinions or thoughts on the subject would be appreciated. +I never banked with Wells Fargo. Also, access to my credit files are frozen. This means nobody can check my credit history without my permission. In other words, no bank will issue a new credit card or open a new account ... since they would first want to verify my credit worthiness. +Now here is the outrageous loophole in the system - if you temporarily unfreeze your credit files so you can legitimately open a bank / credit account ... the current system allows that specific institution to have permanent access to your credit file even after you re-freeze it. +So, in Wells Fargo's case they would have been able to access credit files regardless of whether they were frozen or not. Moreover, I believe in this particular fraud, Wells Fargo employees opened accounts without going through the normal due diligence process. +# Got into stocks in Dec 2020 and have fell in love since, it's consumed me. I have more money than I've had in my life thanks to AMC. I have a good foundation of knowledge to build off of, but in no means do I consider myself proficient in fundamental/technical analysis. + +I have 8 months until I get out of the military and from there I want to hit the gates running, being a full time trader. I will primarily do scalping/swing trading. I also want to learn how to use Unusual Whales flow chart & play options using it. + +So, my question is, what should I do to become the best trader I can be over the next 8 months? + +&#x200B; + +Edit: Roensch Capital said, "If you treat being a trader the same as someone who is pursuing a PhD, the only thing standing in your way is yourself." + +He is absolutely correct, I feel those who don't believe in themselves are the ones who are projecting their insecurities on this post. I am putting all of my eggs in one basket & have no doubt that I can make trading my career. +The recent run on property prices really has me worried. + +Sure COVID has seen demand shift more towards standalone houses in outer suburban areas. + +At the same time our income growth is stagnant - the current upward price trend seems predominantly fuelled by FOMO and record low interest rates. + +People are taking out bigger than ever mortgages based on recent offers of 2-4 year Fixed Rate loans at 1.99% etc. + +Problem with this is that this 1.99% rate is only temporary and is only funded by the RBA as part of the COVID response measures. The RBA is eventually going to stop this, most likely within 2-4 years. Banks will withdraw these sub 2% loans from the market as it will no longer make sense for them to do. + +In addition to recent inflationary pressures being faced - there is a high chance that the cash rate may be increased as well in a similar timing. + +If these scenarios play out this way - a lot of people that have taken out milllion dollar mortgages will see their repayment increase significantly. I don't believe a lot of people can afford 20-40% increase in repayment costs to a $1m loan??? + +Am I delusional? Or are my worries justified? +Not planning to have kids for around 5 years so the first one would be starting school in around 10 years if everything went to plan. However, my partner and I both disagree with whether or not private education is worth it. + +I have three relatives that were privately educated, non of whom are doing well financially. I went to a terrible state school but I’m doing very well. Surprisingly, I’m on the pro private school side as I believe we’re outliers, not the rule. + +My partner thinks our money would be put to better use having a nicer house, affording nicer holidays and having a better quality of life. He also makes a lot less than I do and I get the sense he would feel emasculated having our children attend a school that costs the equivalent of his post tax salary. (I would pay the school fees). + +I am open minded about this and perhaps it would be better to move nearer to a good state school and invest money in tutoring, extra curricular activities and be able to work less and spend more time with possible future children in their formative years. Maybe even put money aside for their futures instead of spending it on school fees? + +My question is for those who have attended private school or have any experience around it. Is it worth it? Is the value over state school worth the significant financial outlay? + +TLDR; is private school worth the money? +I’m a big believer in the 2 year swap theory and I love me some dates. It’s obvious the SHF have been struggling since September to maintain their margin requirements and kicking the can another day. I believe this has to do with their inability to find counter-parties for their swaps from 2 years ago. + +If you look back to September thru the first 2 weeks of January 2020/21 you see the volume and price of GME both increasing as the SHF started to lose control. I believe these swaps are the reason they have been trying like hell to keep the price below $25. + +The second half of January 2021 is when they really lost control of the price and volume and we all know what happened next. Now looking at the volume and price for those 4 months there’s 1 day in particular where you can see the dam breaks, volume and price go through the roof. 1/13/21. On this date, the price went up almost 60% and volume exploded with 580 million shares traded. For 2 weeks they struggle to contain it but fail and we have the sneeze. + +[GME 1/13/21](https://imgur.com/a/cXvvYfs) + +I know GME is unique and there is nothing and will never be anything to compare it to, but they use the same algorithms with other stocks to do the same thing. If you look at car stock, they went through the same thing, just a year earlier. I’ll post the relevant screenshots but if you take a look at 10/24/2019 you see the same moment when volume and price spike, and over the next 3 months, explodes. I wonder what happened 2 years later? On 10/25/2021 (24th was Sunday), exactly 2 years later, the same thing happens. + +[car stock chart](https://i.imgur.com/j5FzkJb.jpg) + +There’s something else: 1/13/2023 is 741 backwards. + +Edit: if nothing happens on Friday the 13th, I have a backup date. + +1/31/2023 is also 741 backwards :) +1/4/7 (add the numbers for those wondering how I got 741) +I saw this hit my LinkedIn feed and thought it might foster some interesting discussion here. + +Many of us talk about taking time off and striving to spend when retired, but it seems there are pockets of millennials who would rather do a long sabbatical while they are young since they feel resigned to work until their 60s or 70s anyways. Another common theme seems to be workers who leave careers without anything lined up due to anxiety/stress or an emptiness in their work. + +https://nypost.com/2018/07/25/millennials-are-bailing-on-their-high-paying-jobs-to-travel/ +Hello all, + +Looking for some quick financial advice about my situation and then will go on to the title. + +I am 32 and live in South Yorkshire in the UK. +Have around £75k in savings, £15k worth of shares. £8.5k in Vanguard S&S ISA and the rest in Morrisons shares directly. and £10k in a HTB ISA. +Public sector, so luckily a secure job, getting £25k a year. +Paying into workplace pension. +&nbsp; + + First off, i bought my Morrisons shares at £1.98 when i used to work there. Have around 3400 shares. I really want to sell them, they have been awful for years. But i at least want to get my money back for them and put them into my S&S ISA. +I sold 1400 at £3 years ago and thought they would only go up from here. I suppose due to my greed, it serves me right they are now only worth £1.77. +Would you sell now, take the £700 hit to reinvest in Vanguard, or just leave them till they go back to £1.98? +I had an idea Amazon were going to partner/buy them out so keep holding on... + +&nbsp; + +I have been looking at property for about 12 months, will be buying alone. Banks says they can only lend me £100k due to my wage. +The problem i have is, i wait and wait and wait. +Oh houses will go down due to Brexit vote, oh they will go down due to the virus.... they didn't. +I get an email from Zoopla regarding new houses, call up to view, already been sold sorry... +Houses are being sold immediately. I want to wait for a drop, but i am concerned i am just pricing myself out of the market forever. +I am 32 and in the UK there is a huge stigma of not owning your own home by 25, you are a loser etc. + +&nbsp; + +I live at home and pay £150 a month rent/board. My parents have a house in France, so usually aren't here often. This year they have been here all the time, hence me looking to buy. +I save around £1k a month after expenses to my bank account. + +&nbsp; + +My plan within the next 3 months i think is going to invest £1k a month back into Vanguard. £500 into my two funds LS 100% and Emerging Markets £500 each. +Not earning anything in the bank, my current returns are 27% in the stocks. +Good idea or lump sump £20k to fill my allowance this year? +For me safer to lump sump £1k then increase that if they drop. + +&nbsp; + +Just feel helpless regarding the housing market. Its a big stick people bash me with all the time, wow you still live at home etc +House wise, i just want a large garage as cars is a hobby. So have been looking at houses around £150k max. +I have never been that interested since this year as like i said, paying £150 a month to basically live on my own already. + +Sorry for the long post! +Howdy Apes! u/Bradduck_Flyntmoore here! As many of you know, the sub only allows us to pin two posts at a time. The idea of "pinception" was suggested to me by a fellow ape in the comments a few days ago (u/theelement6) and I'd like to take it for a test run. I'm going to keep it simple for now, until I get some feedback from the community. I've already listed out a few categories I think might be useful to have, but nothing about this post is set in stone at this time. + + + +**DEBUNKED:** A post titled "The missing puts in an offshore account in Brazil shared on Bloomberg Terminal were hidden to not be shown on the Assets and Liabilities of Commercial Banks in the United States H.8 Federal Reserve Report. I exposed their fraud and now we show the world." has been debunked and removed from Superstonk for plagiarism. OP has also been banned. + +Check out [this post](https://www.reddit.com/r/Superstonk/comments/ovdn1f/before_you_get_too_horny_and_upvote_every_damn/?utm_medium=android_app&utm_source=share) by u/keenfeed for more info. + + +&#x200B; + +**DD:** + +[The GME Master Guide](https://www.reddit.com/r/Superstonk/comments/njwv6n/the_gme_masters_guide_a_dd_campaign_for_apes/?utm_source=share&utm_medium=web2x&context=3) by u/Blanderson_Snooper + +&#x200B; + +**Mod Announcements:** + +NEW: [Lowered Karma Requirements](https://www.reddit.com/r/Superstonk/comments/ovb046/new_karma_requirements_they_have_been_lowered_mod/?utm_medium=android_app&utm_source=share) by u/jsmar18 + +[SATORI: A look into the mind of a robot](https://www.reddit.com/r/Superstonk/comments/otiyf6/satori_a_look_into_the_mind_of_a_robot/?utm_source=share&utm_medium=web2x&context=3) by u/Captain-Fan + +&#x200B; + +**Community Spotlight?** + +**News?** + +**🔥 Memes?** + +**$GME EOD $$?** + +&#x200B; + +Please keep in mind this idea is under construction. We are just trying to figure out the best way to use the pinned spots we have. Maybe the daily mega thread should be in here instead and DD should have a standalone pinned post? Maybe we should add GameStop news releases? Ideas on how apes think we should use pinception space (if we even should) are welcomed. + +All I know is I have been hearing for a long time that apes want DD pinned to the top for newcomers to easily access. Maybe this isn't that, maybe it is (or will be, after some refining), but I had to try something. Thanks in advance for any constructive criticism. 🚀🌙 +What is the best software or easiest way for tenants to pay rent? I own a few single family rentals and they’re all paying with different methods right now. What’s most efficient and something ideally where you can setup autopay. +I know i've been off of reddit for awhile but don't be worried... I am back. + +Yea I know you don't care who I am so let me just cut to the chase, I think we're going to see another massive GME run again very soon. Now I don't have any crazy DDs or upcoming secret catalysts to share but the way I trade stocks in general is mostly through Technical Analysis. + +*To keep this simple, if you're not familiar with Supply and Demand zones just think of them as "support" (Demand) and "Resistance" (Supply) for now...* + +On the chart pictured below, it seems like GME tested weekly demand, went up a bit, then retested it again and as you see, buyers came in and bought it up once it touched demand again! I like how it respected the trend-line as well... I personally use demand zones to add on shares/contracts to my positions (which is what I did here) + +[GME 1D SUPPLY AND 1W DEMAND](https://preview.redd.it/s70d479sfp771.png?width=1608&format=png&auto=webp&s=40508e58a9f96133e0b0d9a52ec93f68bdd261b4) + +**If that didn't satisfy you enough...have no fear because I have more TA to show...** + +Chart below is showing an apparent falling wedge on the daily and 4hr, not only did GME respect the wedge pattern, we also held the 38.2 fib support from the retracement back in march!: + +[GME Wedge and Fib-set](https://preview.redd.it/nq6uua1xdp771.png?width=1361&format=png&auto=webp&s=18e109053530c5ce7a83df9d9b0e2ef83b687cc9) + +And my last example is more of just a slight theory but tell me if yall can also see this massive cup and handle showing on the daily/weekly or am I tripping? + +[GME C&H?](https://preview.redd.it/51w2urn4fp771.png?width=1609&format=png&auto=webp&s=d95da5e2848b87bf5dfe0528d97fdc55b3997f1f) + +&#x200B; + +**TDLR: I think this is the GME bottom for awhile unless something crazy happens, if your gonna buy into GME, I recommend buying around here by demand and not being caught chasing when it squeezes again:/ 🚀** + +*My positions: 8/20 250c + shares since last year* + +&#x200B; + +Good luck, Happy trading! +The bank just had 84 million deposited in it. It's almost like they are begging someone to "Point Break" this place with the "only 3 employees" tidbit. + +Anyways, I just thought this was interesting. It appears this bank was purchased with forethought (kinda like the backdoor "hack" that happened after they declared bankruptcy) and to be used for sole purpose of laundering the stolen money. + +That's some no holds bar sociopathy right there. +**Are our markets under a coordinated financial attack?** We thought MM were tinkering with things behind the scene, but there is an actor with tons of capital squeezing our MM in the USA, draining liquidity as MM face increased losses and are unable to provide transactions for people trying to hedge in these financial markets, and bringing about these engineered drops in the stock market. The timing of this is not coincidental given that we are currently engaging the coronavirus amidst the backdrop of an election year and instability with the oil pricing war. I've created this thread with /u/bemusedfyz after hashing out these thoughts. + +**Part I. Firms/Hedge Funds are Net Short Gamma Resulting in MM Buying Calls to Provide Liquidity** + +In a bull market, firms purchase calls to be long gamma. MM try to capture rebates by taking on the opposite positions since they do not physically own the security. + +**"This means that whenever a market-maker fills an investor's buy order, the MM is facilitating the trade by shorting shares. \[1\]"** + +They have to go short in order to sell a security they do not own (this is why they are exempted from short selling). In the other case, during a downturn, firms want to hedge using puts and become short gamma, thus MM must take on calls. As people previously noted in my posts, if there is a buyer of an option, there has to be a MM selling the option to provide the liquidity. How then do MM make profit? They make profit from rebates by providing tighter spreads compared to other MM. By narrowing the bid/ask spread, MM keep the rebate, creating very thin margins. Thus, volume and liquidity are key to profits for MM. + +**Part II. How Options Inform Price Action by Identifying the Real Money Flows** + +People have been asking "how do you know which options for SPX/SPY being purchased are purchased by actual firms for a position?" I've been using 3 key metrics to inform me of the direction of intraday trading, and I will explain them more in another thread: + +1. Strike/Expiration +2. Block Size +3. Correlation with volatility, gold, and treasuries + +Options data within the last 10 minutes of close has been particularly informative of the direction of the following price action. During the close on Tuesday, volume was strong on the buy side as we bounced from the June 2019 low, and we broke back into the 285 channel which was previously strong support indicating a bullish signal (Figure 1). + +[Figure 1: 3\/10\/20 and 3\/11\/20 SPY Chart](https://preview.redd.it/npzk20opjqm41.png?width=2130&format=png&auto=webp&s=ab92a2d280fab8b65b0538984f12604c18186308) + +If someone was purchasing large amounts of puts (this was not just Tuesday, but last Friday and Monday as well), then MM were hugely positioned unfavorably with calls on the opposite end of the trade. Immediately after trading, we had a huge fade immediately after close. **There has been strange price action where TLT fades, which indicates more liquidity being brought into the indices along with the short cover rally**. **However, right after the close, we immediately fade hard and futures dump.** MM therefore need to hedge by trading futures, or by delta hedging and selling shares at the open with a significant loss, magnifying selling dips. This is similar to how autists discovered during a rally, MM delta hedge by purchasing the underlying equity contributing to the rally. + +Delta hedging refers to either having an opposing option with equal magnitude of delta, for instance a straddle, or by purchasing shares of the underlying stock. One key disadvantage with delta hedging is that MM can over hedge if the spot price of the equity changes unexpectedly overnight. This is referred to as **gap risk**, and compounds with **the inventory MM hold** overnight, often referred to as **inventory risk**.\[2-3\] The overnight moves create huge gamma and vega swings to the inventory of MM who hold overnight, which subsequently create a period of selling or buying which magnifies the intraday swings as they try to reduce their vega or gamma exposure. + +>... is subject to residual risks due to stochastic volatility and unhedgeable overnight moves in the stock price. These risks highlight the need to keep the Vega and Gamma of the dealer’s inventory under control, and this is reflected in the dealer’s quoting strategy.\[4\] + +Given that we dumped on Wednesday and dropped below 285 support, institutions need to hedge with more puts given the uncertainty about retesting the June 2019 low. More puts purchased by funds, more calls purchased by MM. What happened Thursday and Friday (Figure 2)? + +[Figure 2: 3\/12\/20 and 3\/13\/20 SPY Chart](https://preview.redd.it/wrgfx8w0kqm41.png?width=2130&format=png&auto=webp&s=780e573d407e05b4b7cd721ded33273c0fbcb0da) + +Futures limit down on 3/12/20. No matter what, the market opens -5%. Within 5 minutes at the open, the market hits the second circuit breaker at -7%. MM are stuck with short term calls, and need to offload losses by selling like crazy to delta hedge magnifying losses. Then what happens on Friday 3/13/20? Limit up. We next quickly hit one of the largest intraday rallies of all time. + +**Part III. MM Cannot Access Repo Despite Requiring Liquidity** + +During trading on Thursday, the Fed announced an unprecedented amount of Repo operations. 1.15 trillion dollars, signifying significant issues in the market. I stated this before open on Friday. + +>8 am - Yesterday, the fed offered more than 500 billion in repo. Only 78.4 billion was taken. Today, the Fed just offered more than 1.1 trillion in repo for today. What are the signals? Why is Wall Street not taking the money for liquidity? Check this out: [https://www.biancoresearch.com/the-moment-in-this-decline-has-arrived-2/](https://www.biancoresearch.com/the-moment-in-this-decline-has-arrived-2/) +> +>This could possibly be way worse than 2008. +> +>8:30 - 24.1 billion in repo taken. Last update will be 9am. +> +>9:00 - 45.1 billion. +> +>Net repo: 86.5 billion out of 1.15 trillion + +**"Dealers are telling me they badly want the $1T in repos, but can't take it. Post-crisis rules, among so many different regulators (Basel 3, Fed, OCC, FDIC, etc) make it nearly impossible for them to take the money. They are telling the Fed their problems. The Fed had no clue."** + +[https://twitter.com/biancoresearch/status/1238461580314120193](https://twitter.com/biancoresearch/status/1238461580314120193) + +During Thursday's trading, we broke the support. Due to breaking previous supports and being oversold, I had puts. But also noticed huge call volume. If someone is buying calls, MM need to be net "short." Futures limit up. MM need to quickly buy the rally in order to delta hedge, creating an epic rally for the past decade. + +**Part IV. The End Game** + +Someone is taking advantage of the MM delta hedging by limiting down or up futures, vastly opposite of the price action more often than not without regard to support or resistance levels. MM are left bagholding their positions and delta hedging, magnifying the rallies or dips. + +Repos are not being adequately uptaken due to existing regulations. What happens when liquidity issues arise despite decreasing volatility? MM need to enlarge the spread in order to further manage losses. + +IV was going down on Friday during the rally, as VIX began dropping. The only way for the option value to decrease is if MM started enlarging the spread, in order to capture diminishing rebates. The only way the bid value is increasing is if a MM is facing liquidity issues, since they cut into the rebate. What happens when these firms become stressed and unable to provide liquidity? Firms will be unable to purchase options with good bids or at all. If people are not able to hedge or use financial derivatives, losses will accumulate such that there will be a mass liquidation event such that it is no longer tenable to hold any positions. + +What happened immediately after close Friday? + +Throughout the day there was massive amounts of put buying. Immediately close to the cash close, more puts were purchased. At the cash close, we fade hard. Immediately after, /ES gaps down more than 2% after the close on Friday. /CL gaps down more than 3%. + +The news during the weekend last week for the oil price was dropped during Sunday before markets opened, causing a limit down last week. **Energy is the market**. Saudi Arabia is a strategic partner with the US in the Middle East, and asking Russia to aid in production cuts to raise the price of oil. However, Russia refused. Saudi Arabia is not taking these measures to attack US energy markets by increasing production. Despite this, is Russia interested harming US interests? Perhaps. It's possible to think there is another player. And they know that US markets cannot access repo money and are short in liquidity, creating a unique attack vector, straight at the heart of the US financial system. + +[https://news.bloomberglaw.com/securities-law/mnuchin-says-hes-seeking-to-keep-financial-markets-open](https://news.bloomberglaw.com/securities-law/mnuchin-says-hes-seeking-to-keep-financial-markets-open) + +**“We intend to keep the markets open -- that’s a sign of confidence for people,” Mnuchin said in a CNBC interview early Friday.** + +It is not only MM that require repo money. Banks lend out their credit lines to others. It is these businesses that are lent the money that will be the hardest. Given these market conditions, and if they persist, the government needs to intervene and shut down markets. + +We are already facing close to limit down on the Weekend Dow on Saturday. Sunday Futures are likely to limit down. **This will probably be compounded by either worse impending virus news or more bad news in the energy markets.** To combat this, Trump has stated the US intends to significantly add to the US strategic oil reserve to put a floor on the price of oil. However, these are being used as a cover to justify lower prices, when in fact, the markets are being engaged possibly by economic subterfuge to reduce liquidity. Someone is purchasing huge options positions before close with MM take the other side of the trade. Futures limit up/down, creating large gap/inventory risk, reducing liquidity for the markets. + +**tl;dr Banks and MM are facing forced liquidity issues by someone taking advantage of limit up/down, exploiting gap and inventory risk. Banks and MM cannot take on repo due to regulations to correct liquidity issues. Funds and trading desks need MM to purchase puts/calls. Cannot purchase them due to MM having liquidity issues with worsening bid price, magnifying rallies or drops as MM delta hedge. If firms cannot stop losses without hedges, they will liquidate everything. This will create a mass panic sell off, which will therefore require the government to shut down the market.** + +**tl;dr of the tl;dr Circuit breaker Monday. Possibly two.** + +Update 1: /u/Sushies, /u/satorikang both explained the positioning is probably long gamma on the puts, not short at this stage. Thanks. + +Update 2 3/15/20: I'm writing this example if a firm is taking a collar position in terms of options. + +Firms undergoing losses: + +[https://www.bloomberg.com/amp/news/articles/2020-03-13/bluecrest-shrinks-from-relative-value-trades-amid-losses-exits](https://www.bloomberg.com/amp/news/articles/2020-03-13/bluecrest-shrinks-from-relative-value-trades-amid-losses-exits) + +[https://www.bloomberg.com/news/articles/2020-03-14/dalio-s-macro-fund-plunged-about-20-this-year-as-market-tanked](https://www.bloomberg.com/news/articles/2020-03-14/dalio-s-macro-fund-plunged-about-20-this-year-as-market-tanked) + +H2O assets + +Bluecrest + +Ray Dalio + +Update 3 - Liquidity news + +[https://finance.yahoo.com/news/plumbing-behind-worlds-financial-markets-131618535.html](https://finance.yahoo.com/news/plumbing-behind-worlds-financial-markets-131618535.html) + +[https://www.bloomberg.com/news/articles/2020-03-14/traders-nightmare-liquidity-vanished-when-they-needed-it-most](https://www.bloomberg.com/news/articles/2020-03-14/traders-nightmare-liquidity-vanished-when-they-needed-it-most) + +Some numbers, 7% drop, 200% Fib at 247.94. 13% drop, December 2018 low 233.86. + +&#x200B; + +&#x200B; + +\[1\] - [https://squeezemetrics.com/monitor/download/pdf/short\_is\_long.pdf?](https://squeezemetrics.com/monitor/download/pdf/short_is_long.pdf?) + +\[2\] - [https://www.forbes.com/sites/petertchir/2015/09/03/mind-the-liquidity-gap/#2259300073fc](https://www.forbes.com/sites/petertchir/2015/09/03/mind-the-liquidity-gap/#2259300073fc) + +\[3\] - [https://www.sec.gov/divisions/riskfin/seminar/venkataraman0313.pdf](https://www.sec.gov/divisions/riskfin/seminar/venkataraman0313.pdf) + +\[4\] - [https://people.orie.cornell.edu/sfs33/StoikovSaglam.pdf](https://people.orie.cornell.edu/sfs33/StoikovSaglam.pdf) +Hi guys, im new to theta and my first question would be. If the wheel and theta in general cant outperform the BnH strategy then what is the point of theta? Im not trying to be belligerent I legit want to learn about options. Why do this if you can just buy and sleep on it? +My ex and I were together for nearly a decade and owned our home together. When I originally bought the house, I put both of our names on the mortgage, but paid for everything myself, and have continued making mortgage payments entirely on my own. + + +Unfortunately, we've decided to split up, and because I paid for 100% of the house so far, she said she'll sign whatever she needs to in order to give me 100% equity in the home. + + +I've spoken to our mortgage lender, who said that unfortunately, an FHA loan like ours only allows us to remove a name if we can provide a divorce decree, which we don't have due to us never being legally married. Our only other option would be to sell or refinance, which is an absolute last result right now due to how bad the market is doing. Finally, we could obviously stay as is, but that adds risk in the sense that she could eventually decide she wanted half the house, or at bare minimum she may have trouble renting her own place due to her name still legally being on the mortgage. + + +Right now we owe \~400k and have a 3.5% interest rate. Looking at the math for refinancing right now seems like it would be financial suicide to refinance. Sale wise, I'd love to keep the home, but I'm not sure if I have any other real options. The home has appreciated in value, Zillow estimates it's worth \~600k now, but I'm not sure what sort of tax implications I'd have if I sold the home and didn't immediately put the money into a new property. + + +Would love to get advice on if there are any other options for us? +I'm thrilled so many of you were able to read yesterday's [POST](https://www.reddit.com/r/Superstonk/comments/nqzo1o/i_got_what_you_quant_6221_trading_analysis_and_a/?utm_source=share&utm_medium=web2x&context=3), I really like some of the conversations it's started among 🦍, and especially between 🎮🦍 and 🦍that like movies. Thanks for all the awards, and for everyone that's sent me messages, please be patient, I'll try and respond when I get a chance. If you haven't read the 6/2 analysis post, I advise doing so now. Before today's tea, I wanted to address newer and young 🦍ling's - The action today, especially in the movies, highlights how critical it is to **REMOVE ALL STOP LOSS ORDERS**! Set pricing alerts if you're concerned, reassess things at that time, and if your investment doesn't make sense to you anymore or a narrative has changed make changes as you see best fit, but having stop losses in place plays directly into Citadel's HFT algos that hunt for stop losses and cause paper hands. Don't invest anything into any stonks you can't afford to lose. Understand, the 💎🖐 shown from more seasoned 🦍 that like movies, that were on full display today when the stonk lost half it's value from premarket highs, have been forged through the trials and tribulations on 2021. If you still like the movies, don't be ashamed or regret if you 🧻🖐, learn from it, and understand you are up against incredibly sophisticated HFs & MMs that earn $BILLIONS upon $BILLIONS every year trading. If this seems overwhelming or too difficult, that's normal. Determine your own risk tolerance, and if being involved in this saga seems too high, nothing wrong with sitting on the sidelines and watching the show. This is not financial advice, and please don't be offended if I ignore the questions or messages that I feel like should directed to a financial adviser. THIS IS A MOVEMENT. + +&#x200B; + +Tea Time! New day, more data, thesis from 6/2 remains unchanged. The linear relationship between GME-AMC further deteriorated, and the logarithmic relationship remained the same. Here's a pretty picture - + +&#x200B; + +[6\/3 Update - Plot of AMC and GME closing prices - LOG R\(sq\) = 0.72; Linear R\(sq\)=0.42](https://preview.redd.it/3dc7uceqz3371.png?width=726&format=png&auto=webp&s=97a8d545e659e8a19f2f9255d0d27981abc54273) + +&#x200B; + +Before giving my thoughts on today's trading, I'm going to try and clarify some things from yesterday's post. Scroll past if you just want to get to today's tape - + +\------------------------------------------------------------------------------------------------------------------------------------------ + +* Some 🦍 with statistically savvy wrinkle 🧠's had some good input on R^(2), but there still seems to be some confusion on the point I was making. Using statistics for financial risk analysis is very different than the textbook "hypothesis" testing used to analyze data to determine dependency - i.e. do the numbers in data set "A" influence data set "B" in a significantly important way. In financial risk, this doesn't matter, because VaR is not trying to prove anything, rather VaR recognizes relationships exist, and correlations with low R^(2) are weighed less heavily than higher R^(2) in the linear algebra/matrix multiplication that gives a single value for a large set of data. I'm going to try and put something together soon that looks into all meme stonks, but until then, I recommend learning more about matrix multiplication and linear algebra if you're into that sort of thing and want a deeper understanding. As a preview, here's a snapshot of example of the matrices my VaR model generates from my pre-pandemic portfolio - + +[Correlation Matrix](https://preview.redd.it/u03ae68j54371.png?width=785&format=png&auto=webp&s=95aa2f34d589b96003a20964d6820888b7d1710d) + +[Covariance Matrix](https://preview.redd.it/54xnaokp54371.png?width=770&format=png&auto=webp&s=81fb0676e9824b2c57e92a6eda60b9de34060f2f) + +* There was also some talk about removing "outliers" from the underlying data to improve the linear R^(2). **This is a MAJOR NO in risk analysis**. When your data sets suddenly present outliers, that means it's time for a closer look into the data and some critical thinking, because sudden outliers signify trend changes and potential tectonic shifts that can quickly blow out your VaR if not closely monitored. This usually leads to portfolio rebalancing to get your risk back down to the desired level. +* I saw lots of comments calling for a $100 AMC ceiling/price target. I want to reiterate, if AMC gets to that level, it does not mean AMC immediately gets dumped, and could even mean the complete opposite. The importance of $100 AMC is that is the point of parity between GME and AMC for hedging, and past that level, any hedge an AMC long position gave to a GME short position begins to quickly deteriorate. Mathematically, this is explained through calculus, i.e. if f(x) = ln(x), then f'(x) = 1/x and the mathematical principle 1/ ♾ = 0. +* More on the important difference in linear and logarithmic correlations, specially in regards to GME prices. **When AMC and GME shared a linear correlation, the magnitude of price changes throughout the trading day candles was very similar. Now that the linear relationship has deteriorated, and the logarithmic relationship has strengthen, the magnitude of GME price change candles is reduced relative to AMC upticks, and amplified by AMC downticks.** This goes back to the calculus involved with logarithmic correlations given that f(x) = ln(x) and f'(x) = 1/x. + +\------------------------------------------------------------------------------------------------------------------------- + +After today's trading, I am more confident in the thesis laid out yesterday, and excited to see what tomorrow brings with option expiry. Please take a moment to reflect on the comment the CEO of AMC made today after they announced the 11 million share offering - + +&#x200B; + +"*Our current market prices reflect market and trading dynamics* ***UNRELATED*** *to our underlying business, or macro or industry fundamentals, and we do not know how long these dynamics will last" -AA* + +&#x200B; + +**ATTENTION 🦍!!! THE CEO OF THE MOVIES** **~~CONFIRMED~~** ***PROVIDES FURTHER EVIDENCE SUPPORTING*** *(Edit 2)* **THE THESIS LAID OUT YESTERDAY!!!!** + +Now, did he say verbatim that 🔔a💩 is manipulating the the stock higher due to a dynamic in the stock price that has made it a hedging tool against GME shorts? No, because the PR teams that release public statements from CEO's aren't that blunt, but given what we discussed yesterday, 🦍 can read between the lines, well, at least those that can read... + +&#x200B; + +Time for another pretty picture - + +[Today's Clues - Note Pink and Yellow Circles](https://preview.redd.it/jssbkzde74371.png?width=1668&format=png&auto=webp&s=11522658acb3a50fa7f301443581ebb6029bf34d) + +&#x200B; + +Main points I want to touch on, are the pink circles really highlight more evidence in support of yesterday's thesis. I am interested in what happened the last 30 min of the day though, and I want to reiterate this point - + +* **When AMC and GME shared a linear correlation, the magnitude of price changes throughout the trading day candles was very similar. Now that the linear relationship has deteriorated, and the logarithmic relationship has strengthen, the magnitude of GME price change candles is reduced relative to AMC upticks, and amplified by AMC downticks.** This goes back to the calculus involved with logarithmic correlations given that f(x) = ln(x) and f'(x) = 1/x. + +In the last 30 min of today's trade, it seems like this started to breakdown, so it might be a sign things are changing once again. We'll know more tomorrow. + +**TL/DR (for🦍 that can't read) :** + +💎🖐🦍➡💩a🔔🎆➡🔥🚀🚀🚀🌙➡🍗🍗🍗 + +&#x200B; + +**EDIT 1:** Shoutout and thanks to the Mods for **SATORI!!!** There's no way yesterday's post would have reached as many 🦍 as it did without it! Also, grammar.... + +&#x200B; + +**EDIT 2:** Changed ATTENTION 🦍!!! verb to be less definitive + +&#x200B; + +**EDIT 3:** I've gotten many requests to share the data points I've used. I pulled all the pricing data from yahoo finance and used excel. [GME Data](https://finance.yahoo.com/quote/GME/history?p=GME) [AMC Data](https://finance.yahoo.com/quote/AMC/history?p=AMC) + +&#x200B; + +**EDIT 4:** For those visual learners, cred to u/omishikenshin recent post showing the dynamic tick for tick here - [https://www.reddit.com/r/Superstonk/comments/nrh23o/when\_kenny\_copied\_someone\_else\_homework\_and\_got/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/nrh23o/when_kenny_copied_someone_else_homework_and_got/?utm_source=share&utm_medium=web2x&context=3) + +\---------------------------------------------------------------------------------------------- + +**EDIT 5:** I intentionally did not mention "short squeeze" after AA's comment because I do not think this is main driver of AMC's price at this point, but have seen many questions about it, so I'll share my opinion. It's impossible to know if the buying pressure from short's covering is done yet. I've seen posts stating the short positions haven't covered, but only the SHF know for certain if they have. Here's some key facts to consider to help draw your own conclusion - + +* Since 5/27, approximately 4 billion AMC shares have been traded +* AMC had a float of \~450 million shares on 5/27, and since has completed two share offering, increasing the float another 20 million shares to \~470Mil +* From the 13F, on 4/1, 💩a🔔 owned 724,599 AMC shares and 4,110,000 Calls. I don't know what they own today, but have seen posts claiming 11 million AMC I did not verify, because that is a drop in the bucket compared to the share equivalent of their calls. On 4/1, AMC was in the single digits and I believe the highest strike price available in the option chains was 40. This means every call 🔔a💩 still owns from their 13F filing is now in the money. **I don't know how many calls they still own**, but because each option contract is for 100 shares, **IF** they still own 4M+ calls they are effectively long over 400,000,000 shares. That would translate into 💩a🔔 owning \~85% of the float (400mil/470mil). After AMC's latest share offering, I believe the total number of outstanding shares is approximately 525 million. With 400,000,000 shares, 💩a🔔effectively owns 76% of all AMC stock (400mil/525mil). +* 💩a🔔 is the largest market maker in the industry. They handle \~50% of all retail orders, \~25% of all market orders, and nearly 100% of retail option trades. This is not just AMC. This is every stock and ETF in existence. During the regular market trading session, 1/4 of the ticks higher or lower in ANY stock or ETF in THE ENTIRE MARKET are a result of 💩a🔔 putting their high frequency trading algorithm to use. Let it settle in for a second. Every time you check yahoo finance or refresh your favorite broker app, the 25% of the time the price you see is the price 💩a🔔 executed a trade for ANYTHING. + +So given the facts, IMHO, I think any SHF that wanted or needed to cover their short has at this point because 4 Billion shares have traded hands, and 20 million fresh, real shares have been created. I do not believe all shorts have covered, but do think the ones that were forced to have. I do think SHF naked shorted AMC, but nowhere near GME, because fundamentally movies were always going to reopen after the pandemic - the product they sell is an experience with many repeat buyers, not a "dying brick and mortar retailer" selling "one time purchased goods". Also, it's much easier for MSM to shout "LOOK, SQUEEZE!", because to an untrained eye that's all AMC recent price rise looks like. One of the biggest lessons all 🦍 should take away from everything happening right now, is the MSM is owned by the extremely wealthy, they control the message broadcast to the peasants, and that message is always going to be aligned with their interests. Shout out to u/omgheatherjana offering more insight into the MSM here - [https://www.reddit.com/r/Superstonk/comments/nrjcpo/media\_theorist\_here\_lets\_talk\_about\_how\_to\_talk/](https://www.reddit.com/r/Superstonk/comments/nrjcpo/media_theorist_here_lets_talk_about_how_to_talk/) + +&#x200B; + +This edit ended up being a mini post, but my final thoughts and disclaimer. I was a movie 🦍 until I looked more into 💩a🔔 13F, and 2 weeks ago sold and moved those 🍗🍗 over to GME. Wrote a post stating it [HERE](https://www.reddit.com/r/GME/comments/nh6iz0/the_investment_opportunity_got_me_involved_but/?utm_source=share&utm_medium=web2x&context=3). I do own AMC puts to hedge my GME shares based off the DD's I've shared. Unlike GME, I am not as well versed in how deep SHF are short AMC, AMC FTD's, or the estimates for movie liking🦍's ownership of the float. I fully support movie liking🦍's, and if they continue to like the stonk and 💎🖐, AMC likely goes higher. AA now has fresh capital and new shareholder engagement that undoubtedly adds fundamental value to the stonk. I simply like GME, RC, and exciting potential of NFT integration more than the movies. **The $100 AMC price I've mentioned is not a ceiling, price target, or price level destined to result in an immediate share dump, rather, I think it's the price GME and AMC go their separate ways and begin to write independent stories.** There are still many AMC shares sold short, and covering those shares has and still will impact the price, but **I believe since 6/2, short covering has not been the PRIMARY driver of AMC share price**. GL and Goodnight to all you 🦍s. + +&#x200B; + +&#x200B; + + +[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!* +A few years back my mother fell down the stairs and broke her hip and had to move into a one level house. She didn't have the money and when I asked my four siblings to pitch in to help her, they all said they couldn't, so I bought my mom a place to live in. I make less than most of my siblings, but I've always been a saver, and I was happy to be able to help. She lived there about five years, and she died two months ago. When she died, her small estate was divided up five ways among us siblings, and I realized that by saving my mom rent money for five years, I was actually writing my brothers and sisters a check. This situation was completely my fault. I was happy to help my mother, but I should have had more forethought about how that all went down. + +But what happened with my mother got me thinking about what will happen with the money I leave to my own kids. + +I'm on the Trinity Study 4% bandwagon with my FI plan, with the intention of leaving a chunk of money to my three kids when I die. I am divorced, and my ex has a base salary that's the same as mine, but saves nothing for retirement and like my brothers and sisters, never has any money at the end of the month because of a house twice as large as mine, new car, etc. Like my brothers and sisters, my ex has never been a saver. + +If I die before my ex and leave this chunk of money to my kids, I think they are likely to use it to help my ex with retirement. + +Just as it seemed unfair for my siblings to get an equal share of my mother's modest estate when they weren't financially responsible enough to be in a position to help her, it seems unfair that the money I have saved may end up helping my spend thrift ex. I am not sure what advice you on this forum can give me, but I wanted to make the observation that if you scrimp and save and leave a chunk of money behind, it may very well go to someone much less frugal than you are who may blow on all the stupid shit you resisted buying along the way. + +And that kinda sucks. + + + +EDIT: +Lots of great advice on this post. Thanks! +Many people suggested a trust or stipulated will to make sure my ex doesn't get anything, but that seems petty to me. + + +Many other people suggested that I wanted to help my own mom, and I raised my kids to want to help their own parents which is a good thing. + + +My ex is being irresponsible by spending too much not saving any money, and my children will bear the burden of it when they have to take care of her. + + +Without any money from me, helping my ex would be a much greater burden on them, so leaving them money makes good sense, even if they use it to help my ex. +*Officials had signaled plans to raise interest rates in half-point increments before recent deterioration in data* + +Nick Timiraos + +> A string of [troubling inflation reports](https://www.wsj.com/articles/inflation-economy-federal-reserve-11655134682?mod=article_inline) in recent days is likely to lead Federal Reserve officials to consider surprising markets with a larger-than-expected 0.75-percentage-point interest-rate increase at their meeting this week. +> +> Before officials began their premeeting quiet period on June 4, they had signaled they were prepared to raise interest rates by a half percentage point this week and again at their meeting in July. But they also had said their outlook depended on the economy evolving as they expected. [Last week’s inflation report](https://www.wsj.com/articles/us-inflation-consumer-price-index-may-2022-11654810079?mod=article_inline) from the Labor Department showed a bigger jump in prices in May than officials had anticipated. +> +> Two consumer surveys have also shown households’ expectations of future inflation have increased in recent days. That data could alarm Fed officials because they believe such expectations can be self-fulfilling. +> +> The Fed raised rates by a half percentage point at [its meeting last month](https://www.wsj.com/articles/fed-approves-half-point-interest-rate-rise-ratcheting-up-its-inflation-fight-11651687201?mod=article_inline), the first such increase since 2000, to a range between 0.75% and 1%. The Fed last raised rates by 0.75 percentage point at a meeting in 1994, when the central bank was rapidly raising rates to pre-empt a potential rise in inflation. +> +> Fed Chairman Jerome Powell has avoided surprising markets on the day of policy meetings, instead arguing that the central bank can achieve its goals of tightening policy by shaping market expectations. +> +> But he also said in an interview last month that the Fed would be guided by the economic data to come. “What we need to see is clear and convincing evidence that inflation pressures are abating and inflation is coming down. And if we don’t see that, then we’ll have to consider moving more aggressively,” Mr. Powell said. +> +> At [a news conference](https://www.wsj.com/articles/transcript-fed-chief-powells-postmeeting-press-conference-11651696613?mod=article_inline) last month, Mr. Powell said the central bank would “strive to avoid adding uncertainty” but also acknowledged the possibility of “further surprises” in the inflation data. “We therefore will need to be nimble in responding to incoming data and the evolving outlook,” he said. +> +> The Labor Department reported Friday that its consumer-price index rose 8.6% in May from the same month a year earlier, pushing inflation to a 40-year high. That was a setback for forecasters who were looking for signs that inflation had peaked in March. Rising fuel prices and supply-chain disruptions from Russia’s war against Ukraine have sent prices up in recent months. +> +> A handful of Wall Street forecasters, including at investment banks Barclays and Jefferies, said Friday, after the inflation data were released, that they expected the Fed to raise rates by 0.75 percentage point this week. +> +> “We believe that risk-management considerations call for aggressive action to reinforce the Fed’s inflation-fighting credibility,” Barclays economists wrote in a subsequent report Monday. While such a move “would go against communications leading into the blackout period,” the report said “risks of prolonged inflation have intensified,” justifying the larger rate rise. +> +> After the publication of this article on Monday afternoon, other forecasters, including at JPMorgan Chase & Co. and Goldman Sachs Group Inc., said they expected a 0.75-percentage-point rate rise this week. +> +> On Friday, a University of Michigan survey of consumers’ long-term inflation expectations rose to its highest level since 2008. On Monday, the New York Fed reported that its survey showed consumers’ short-term inflation expectations had jumped and that the distribution of households’ longer-term expectations was more varied than in the past, suggesting more households might be expecting higher inflation to stay, even though the median didn’t rise. +> +> Fed officials have said they would want to respond aggressively to signs that inflation expectations were rising, or becoming “de-anchored,” because they believe the process of wringing inflation from the economy will become far more difficult if that has happened. +> +> “It’s a one-two punch,” said Diane Swonk, chief economist at Grant Thornton. “They’ve got to go now with 75. The Fed is behind the curve, and they know it.” +> +> Bond yields, which surged Friday amid a broad market selloff, continued to climb as [that rout deepened on Monday](https://www.wsj.com/articles/inflation-fears-send-u-s-bond-yields-surging-ahead-of-fed-meeting-11655135691?mod=article_inline). Investors in interest-rate futures markets placed a nearly 30% probability on the larger 0.75-percentage-point increase on Monday afternoon, up from around 4% before last Friday’s inflation reports, according to CME Group. After publication of this article, those market-implied probabilities rose above 90%. +> Consumers’ inflation expectations for both the short and long term are on the upswing, according to surveys. +> +> Officials will have to weigh several considerations at their two-day meeting that begins on Tuesday. They could stick with their current strategy of raising rates in half-percentage-point increments indefinitely until they see signs that inflation is conclusively downshifting. +> +> Such a path of rate rises would lift the Fed’s overnight benchmark rate to a range between 2.25% and 2.5% by September, and to a range between 3.25% and 3.5% by December. This would represent the most aggressive interval of policy tightening since the 1980s. +> +> Alternatively, Mr. Powell and his colleagues could signal a rising likelihood of shifting to larger rate rises at the Fed’s meeting in late July. +> +> But if officials anticipate a significant likelihood of such an increase at the July 26-27 meeting, they could decide to move more aggressively this week. +> +> Ms. Swonk said she expected officials to make such an argument at this week’s meeting. “The data now is not good. The data is saying they have to do more,” said Ms. Swonk. “We’re moving into a more inflation-prone world, and they know that, and if they don’t derail it now, this could be incredibly corrosive.” +> +> Already, borrowing costs set by markets have climbed faster than the Fed’s benchmark rate in anticipation of its policy moves. Mortgage lenders on Monday said they were beginning to quote a 30-year fixed loan with rates above 6%, levels that haven’t been reached since 2008. +> +> Other analysts said Monday afternoon that a larger 0.75-point rate jump would cause more problems for the central bank than it would solve by confusing investors about how the Fed reacts to new data. +> +> “It just opens up additional communication challenges thereafter,” said Neil Dutta, an economist at research firm Renaissance Macro. “It suggests the Fed is losing confidence in its forecast. We all know they were trying to catch up, but now it looks like they are panicking.” +> +> Mr. Dutta said he also worried that a supersize rate increase would make it harder for the central bank to avoid a recession. “It suggests the Fed is willing to push the economy into a ‘hard-landing’-like scenario to get inflation under control,” he said. + +https://www.wsj.com/articles/bad-inflation-reports-raise-odds-of-surprise-0-75-percentage-point-rate-rise-this-week-11655147927 +When President-elect Donald Trump tweets about a public company, the market listens. +And if you hold the stock of one of the companies that has come into Trump's crosshairs, finance app Trigger thinks you'll want to know about it. +Now the company has rolled out a special "Trump trigger." The trigger "gives you the ability to trade stocks based off of Trump’s tweets about public companies," the startup wrote. Basically, the trigger works by notifying you if Trump tweets about a publicly traded stock that you own, in real time. +Read more here: +http://www.businessinsider.com/triggers-helps-you-trade-stocks-on-trumps-tweets-2017-1 + +25% duties on $200 billion worth of products from China are now in effect + +No deal materialized prior to midnight deadline + +Asia markets mixed with Nikkei flat + +US futures lower + +https://www.cnbc.com/2019/05/10/china-trade-us-tariffs-jump-but-trade-war-talks-to-continue.html +I'm just putting this out there for folks who are struggling this winter. You can go to a mall or shopping center and just walk down the line, dropping applications. Also UPS, FedEx, Amazon, etc. are staffing up for the increased business during the holidays. + +It's a great time of year to pick up hours and make some extra cash. +There have been a ton of questions on here recently about improving a credit score. Understandably, people get frustrated since it seems like there isn't much you can do in order to fix it. I wrote this up yesterday but I think it got caught in the sub's filter. + +Seeing the #1 post on here today, I'm going to write a guide to identity theft as well. + +**Finding Your Credit Score** + +Unlike your credit report, credit bureaus are not obligated to tell you what your credit score is once a year. It helps to get a frame of reference to start from when you’re trying to repair your credit which is why I’d recommend using either [Credit Karma](http://www.doctorofcredit.com/credit-monitoring-services/creditkarma-com-review/) or [Credit Sesame](http://financeography.com/credit-sesame-review/) to find your credit score, otherwise known as your VantageScore. This is what most credit card companies and other lenders will use in determining your creditworthiness. You can also pay for a $1 trial at any of the 3 major credit bureau websites (Equifax, Transunion and Experian) but it only lasts 7 days and they automatically rebill you between $20-$30 a month after the seven days are up. + +At the same time, I’d also suggest getting your credit reports from [AnnualCreditReport.com.](http://annualcreditreport.com) This is the website the three major bureaus use to satisfy their annual credit report requirements to consumers. If you’re trying to work on your credit score, I’d suggest drawing all three reports at once since they look different for about 90% of people who have used credit in the past. You’ll be able to to get updated credit reports in the future before the year is up, which I will touch on a bit lower. + +Once you have your scores and credit reports in hand, it should be fairly easy to see what’s hurting your credit score. High balances on credit cards, collection accounts, charged-off accounts, settled accounts, etc. + +**Paying Down Credit Card/HELOC Balances** + +This is probably the easiest way to raise your credit score since credit utilization is one of the biggest factors that go into determining what kind of score you have. People who might lend to you would much rather see you using $50 of a $1000 credit line (5% utilization) as opposed to $950 (95% utilization). [Getting your utilization down](http://www.bankrate.com/finance/home-equity/heloc-like-credit-card-account.aspx) under 10% is ideal and your credit score will reflect it within a month. It is not uncommon to see a credit score rise 40 points or more just from paying down a credit card. + +**Credit Report Investigations** + +Making the credit reporting bureaus investigate items on your credit report is something they are required to do by law. Take note of everything that looks bad on your reports **with the exception of accounts that are one or two months late right now**. Give your creditor a call on accounts that are just a month or two late, ask them to waive the late payment/fee that is associated with the late payment and many times the late mark will come off of your credit report, or prevent it from going on in the first place. + +You’re going to be [writing three letters](http://www.myfico.com/crediteducation/rights/sample-credit-report-dispute-letter-of-explanation.aspx) - one to each of the credit reporting bureaus. In the letters, start off with your name/address/DOB and a sentence that basically says “My credit report file number is (enter the file number of your report here) + +“I request an investigation into the following accounts confirming the accuracy of all reported data:” + +You’ll then list the creditor name and your account number (or the last few digits, whatever the report shows) for every account with negative information in it. + +Sign/date it and ship it to the credit bureaus, here are the addresses you’ll need: + +Equifax +P.O. Box 740256 +Atlanta, GA 30374 + +Transunion +Consumer Dispute Center +P.O. Box 2000 +Chester, PA 19016 + +Experian +P.O. Box 4500 +Allen, TX 75013 + +Be sure to send these via certified mail in order to receive a tracking number. The bureaus will have 30 days to complete their investigation starting the business day after they receive your letter. + +It’s also possible to dispute accounts online but for credit repair purposes you don’t want everything to be completely automated. A human may never see or touch your data if you file the disputes online, causing everything to be done automatically just from accessing databases. The creditor is supposed to actually conduct an investigation but it can be hard to prove whether they did or did not. Getting your letter into the hands of a human adds another step for the bureaus and your creditors to follow which can increase the chances that the negative information will fall off of your report. + +After 30 days, you should be informed by the bureau what the investigation found. If there was an error, it will most likely be corrected. If they don’t hear anything back from the creditor, the account should come off of your credit report. No matter what, you will be entitled to see an updated copy of your credit report, even if you’ve already used your free copy from AnnualCreditReport.com. + +While a removal due to an investigation or lack thereof may remove an account, there is always a chance that it might be placed back on there in the future. + +**Removing Collections Accounts** + +Collections accounts are placed on your credit report by agents acting on behalf of creditors. Debt collectors, especially shady ones, might try just throwing an account onto your credit report and hoping that you pay it off. This is referred to as “parking” a debt, which isn’t necessarily illegal, but in many cases a debt collector does not follow the law when doing this. + +The [FDCPA](https://www.ftc.gov/enforcement/rules/rulemaking-regulatory-reform-proceedings/fair-debt-collection-practices-act-text) and [FCRA](https://www.ftc.gov/enforcement/rules/rulemaking-regulatory-reform-proceedings/fair-credit-reporting-act) come into play when trying to remove a collections account. There are a laundry list of rules that debt collectors have to abide by to legally come after you for money but the one many of them fail to follow involves giving you required written notices. + +Debt collectors can call you before writing you but they are required to send you a letter detailing your debt within 5 days of first contact with you. If they fail to do that, it’s an FDCPA violation, same goes for failing to tell you that they are going to report negative information to a credit reporting agency regarding your account. Catching them doing this can almost always result in an offer to pull the account from your credit and possibly wipe out your debt depending on what you owe. You might need to talk to a consumer attorney about this however, but most should readily take you as a client since they get to charge their fees separately, which can quickly climb into the thousands. + +If you’re learning about a collection account for the first time from a letter in the mail, you need to send them a [debt validation letter](http://financeography.com/why-debt-validation-is-so-important/) to make sure that your right to dispute the debt stays intact. Even if you receive the letter a long time ago, you can still send the validation letter to get them to acknowledge the facts about the debt. A surprise collections account on your credit report, assuming it wasn’t added in the last few days, is almost always going to result in an [FCRA violation](http://www.nolo.com/legal-encyclopedia/most-common-violations-the-fcra.html) for failing to tell you they are giving negative information about you and your account to a credit reporting agency. + +Collection accounts stemming from a credit card company and some auto loans may be eligible for [binding arbitration](http://financeography.com/consumer-arbitration-can-help-with-credit-card-collections/). Many debt collectors will drop your case immediately once you elect arbitration because it can easily cost them several times more than the amount of your debt. Consumers trying to repair their credit can use arbitration their advantage by electing it immediately with a debt validation letter, preventing a debt collector from suing. + +Most debt collectors will actually wait until you pay your portion of the arbitration fees ($200-250 max, $0 for California residents) before either reaching out to settle (which can result in a removal of the account from your credit report) or just dropping it entirely. + +Some debt collectors will ignore arbitration demands, even if it clearly spells out the procedure for it in your original contract. When this happens, you can force it in small claims court, or pony up the $400 for a federal court case. Going either of these routes will almost always result in the arbitrator awarding you the fees that you had to spend up til that point in order to force the debt collector to the table, at the very least. + +Other than electing arbitration, if a credit agency investigation concludes the debt is valid, you can write another letter demanding to know [exactly how the investigation took place and who was in charge of the investigation](http://www.consumerfinance.gov/about-us/newsroom/cfpb-puts-companies-on-notice-about-duty-to-investigate-consumer-credit-report-disputes/). Sometimes the credit reporting bureau will respond back with the information, sometimes they will just drop the account themselves. + +**Dealing with Charge-Offs/Settled Accounts** + +[Charge-offs](https://www.nerdwallet.com/blog/finance/credit-card-debt-charged-off/) and settled accounts are a tougher nut to crack as opposed to collection accounts. Most of these types of accounts will come from credit card or personal loan companies. Your local payday lender might go out of business within a couple of years, or may not be quite as diligent about records, but a major credit card company is going to have everything documented and readily available. + +The above information about credit reporting investigations applies to these accounts as well, just do not be surprised if they tend to stick. Some credit card companies might remove your payment history from the account, which can help with your on-time payment percentage, but the line will still remain visible to others who pull your credit. + +If you believe that they may have committed an FCRA violation, talk to a consumer attorney about starting a case against them. Like I said, even if you only get awarded $100 for the violation, your attorney might make thousands. Part of your agreement should mandate that they remove the entire account from your credit report, possibly in lieu of payment (to you). + +As a last ditch effort, you can try writing goodwill letters to individuals high up the chain-o-command at the credit card companies. Most likely, you will get rejected, but you may be able to find someone compassionate enough to forward your letter to someone who can remove the information. + +**Statute of Limitations** + +New York residents only need to wait 5 years before negative information comes off of their credit report while everyone else has to wait 7 years. The kicker here is that most consumer debts have a statute of limitations of only [3-6 years](http://www.creditcards.com/credit-card-news/credit-card-state-statute-limitations-1282.php) (except Iowa and Rhode Island, both at 10 years) depending on which state you live in. The information can still stay on your credit report for the full 5/7 years, but the creditor or debt collector cannot attempt to collect the debt. + +In these cases, when all else has failed, you can write a debt validation letter but be extra careful to not claim the debt as yours. Refer to the debt as “alleged” and make no mention of wanting to pay anything. At this late stage, the creditor or debt collector doesn’t have to respond to your letter, if that happens, there isn’t much you can do. What you’ll often find with validation requests though is the creditor will include a letter stating that this debt is “valid” and giving you a phone number to call to discuss payment options, along with documentation proving the debt is valid. Count yourself lucky if this happens because you’ve got them on (probably multiple) FDCPA violations. Get your attorney and get the process started, just be sure one of the terms of your settlement (debt collectors will almost always settle if they know they will not win in court) is to have the negative information take off your credit report. + +One important thing to note here is that the [FDCPA only applies to debt collectors](http://www.nolo.com/legal-encyclopedia/what-is-the-diffrence-between-debt-collector-creditor.html), not to the original creditor. A Capital One account that defaults and is sold or assigned to a debt collector means the debt collector needs to follow the FDCPA. If Capital One wanted to keep the debt themselves, they wouldn’t have to follow FDCPA guidelines. + +**Special Notes** + +**Federal Student Loans/Tax Liens** - You can dispute, validate, send goodwill letters, and argue until your face turns blue, but these types of cases are going to stay on your credit report until they are paid. Once you’ve paid a tax lien, there is a form you can file with the IRS to [get the process of removing it from your credit report started](https://www.irs.gov/pub/irs-pdf/f12277.pdf). Federal student loan information will stay on your credit report for 7 years after it is paid off. + +**Court Judgements** - Disputes may work with court judgements but you will still owe the money they say you owe. It can help your credit score but pay off the judgement or they will still have grounds to put it back on your credit report, this time in the form of a collections account. It may also be possible to have the judgement vacated, which will remove it from your credit report, but that only happens in certain circumstances + +**Goodwill letters for late payments** - I explained that goodwill letters are a last resort measure if nothing else works for accounts. You may have slightly better luck with a goodwill letter if you just want late payment information removed, though there is a much better chance than not you will still be rejected. + +**Being added as an authorized user on someone else’s credit card** - This can help your credit score in the short-term but any lender taking a close look at your credit will see exactly what you are trying to do. + +**Hard Inquiries** - For the most part, don’t worry about them. Shopping around for rates is expected and your credit score might take a slight dip after 30 days that it will recover from within a few months. + +**Resources** + +http://financeography.com + +http://myfico.com + +http://creditinfocenter.com + +http://ftc.gov + +http://bankrate.com + +Meme: [THE BATTLE OF GAMESTOP - WSB VS MELVIN CAPITAL (sound on) : wallstreetbets (reddit.com)](https://www.reddit.com/r/wallstreetbets/comments/k4shkv/the_battle_of_gamestop_wsb_vs_melvin_capital/) + +Loss: [Short Bets Pummel Hot Hedge Fund Melvin Capital - WSJ](https://www.wsj.com/articles/short-bets-pummel-hot-hedge-fund-melvin-capital-11611349217) + +\--------------------------------- + +Update: It's not my meme, the credit goes to [Stonksflyingup (u/Stonksflyingup) - Reddit](https://www.reddit.com/user/Stonksflyingup/) . I made this post because I find the current situation amusing. When I first saw the meme, I treated that $2 billion loss as a very large number he threw in there for exaggeration, it's a meme after all. But now it actually happened. Yes I know the loss is not due to GME alone, but then the meme didn't say that either. + +&#x200B; +I see places like Hampton Inn popping up everywhere and I'm wondering + +a) is it usually individuals or investment groups that build these? + +b) how difficult is it to finance these? + +c) how onerous are the franchise agreements? + +d) is owning one a full-time job? + +e) how difficult is it to exit owning one of these? + +thanks +So I’m sure you’ve all heard the refrain of “landlords shouldn’t be able to complain about the moratorium, they took on the risk of the investment and shouldn’t be guaranteed a return.” And I’m sure you’ve all been frustrated trying to explain why this is a false equivalency. + +Last night I got into a (polite) argument with a good friend of mine whom I quite admire but was of the above conviction, along with a number of other socialist policies. I got into the heat of the thing and — perhaps it was the whisky — came up with what I felt was an appropriate analogy, and which completely changed his view of the matter. So I thought I’d share. + +I told him to imagine you were 25, and after finally digging yourself out of debt had saved up your first $1,000. While at thanksgiving, you mention it to your uncle, who explains the importance of putting money away when you’re early. + +“I’ve got a friend who manages investments, he can make sure it’s invested in smart bets.” + +“Okay,” you say. It makes sense what your uncle is saying and you trust him. + +“But,” your uncle warns, “the stock market isn’t a sure thing. It’s a risk and you’re not guaranteed a return. Hell you could even lose the whole thing.” + +You say you understand. You know a little about the stock market and know it’s not fair to expect a guaranteed investment. + +The next day, you head over to the investment firm. Your uncles friend greets you warmly and agrees it’s a smart bet. + +“But remember,” he says, “the stock market isn’t a sure thing. There’s always risk.” + +You say you understand, and write him a check for the $1,000. + +You go about your life, checking in occasionally on your investment which, sure enough, goes up and down. But one day you check and it says $0. + +“That can’t be right,” you think to yourself. + +You call the investment manager, but he doesn’t pick up. After trying a few times you call your uncle. + +“Oh,” he says when you ask him about the banker. “Turns out he ran into some tight financial times and ran off with everyone’s money. You should call the police.” + +Frantic, you call the police who tell you to come down to the station and file a report. + +“Yup, we’ve had a few of these reports already today. We’re looking for the guy.” So you head down to the station and talk to an officer. + +“Will I get my money back?” You ask. + +The police officer gives you a sympathetic look and says “hopefully you’ll get some back, but I wouldn’t hold your breath.” + +Dejected, you leave the police station. On the way home, your misery gives way to anger and you call your uncle to give him a piece of your mind. + +“Hey,” your uncle says. “I told you investing in the stock market was a risk.” + +*** + +That is what the whole “oh investing in real estate is a risk so you shouldn’t expect a return” argument is like when posed against the moratorium. And the problem here is that it’s not just one off instances of theft — it was state sanctioned theft. And the whole “hey you might be able to recoup some of your losses” argument is as hollow as the police officers remark that they might be able to get back a piece of your $1,000. +Brookfield has upped the ante in the bidding war over Inter Pipeline Ltd. + +In a release Wednesday morning, Brookfield Infrastructure Partners L.P. announced its intent to take a sweetened hostile offer of $19.75 per share directly to Inter Pipeline's investors. + +The move comes one day after Pembina Pipeline Corp. announced it had agreed to scoop up the midstream player in a friendly all-stock deal worth $19.45 based on Monday's closing price. + +Brookfield had earlier put Inter Pipeline in play with an unsolicited offer worth $16.50 per share that was rebuffed. Inter Pipeline instead chose to pursue strategic alternatives. + +In its announcement Wednesday morning, Brookfield said it presented its offer to Inter Pipeline before the Pembina deal was announced, and is now electing to take its revised offer straight to shareholders as a result of what it called "a seeming lack of fiduciary responsibility" demonstrated by Inter Pipeline's board of directors. + +Brookfield said it was granted access to run due diligence on Inter Pipeline as of May 14, which led to “several proposals” being submitted before the end of last month. Brookfield claims that on May 31 it was encouraged to “urgently submit its best offer” because Inter Pipeline “was inclined to accept a competing proposal.” + +Brookfield said in its release Wednesday that it subsequently made the case for its proposal (which was eventually valued at approximately $19.50), and underscored that as opposed to a strategic investor, it would not aim to slash “duplicative” jobs. Nonetheless, Brookfield said it was told on May 31 that it had lost out to the competing offer. + +A spokesperson for Inter Pipeline was not immediately available to confirm Brookfield’s claims. + +[https://www.bnnbloomberg.ca/brookfield-hikes-hostile-inter-pipeline-offer-blasts-board-1.1611587](https://www.bnnbloomberg.ca/brookfield-hikes-hostile-inter-pipeline-offer-blasts-board-1.1611587) +My wallet has been hacked- it's adding up to about a $175k loss (not including appreciation later)... trying to figure out how they got access, but is there anyway to track this person down? + +[https://bscscan.com/address/0xd7c83309c6025ecdd974fc824117ea0688baf037](https://bscscan.com/address/0xd7c83309c6025ecdd974fc824117ea0688baf037) + +[https://ftmscan.com/address/0xd7c83309c6025ecdd974fc824117ea0688baf037](https://ftmscan.com/address/0xd7c83309c6025ecdd974fc824117ea0688baf037) + +Should I maybe report to FBI or something? + +Or, dude has to withdraw *somehere*... right? + +Thanks for any advice you have. + +**UPDATE: OMG YOU GUYS!!** + +I don't know if he saw this post and got spooked, or WHAT happened, but he returned back 236 BNB today!!! + +I CAN'T BELIEVE IT! + +He hasn't returned my FTM yet, I am not sure if he sent back \*ALL\* of the BNB, and I am out a few thousand dollars in gas fees, plus the money I lost when accidentally sending DeRace to the wrong wallet when I was trying to move fast. + +I think I'm down maybe $50k, maybe less, need to check. + +BUT HE GAVE ME THE BULK BACK!! THANK YOU SO MUCH!!!!!! + +I'm trying to message back the very helpful people in chat but my chat isn't working so I will respond as soon as chat works. THANK YOU!!!! +# Hello from Italy to all active apes, + +>!( if you think this post is important make sure that all monkeys know)🚀!< + +&#x200B; + +***I’m beginning to say I was surprised how little we know about this very important connection.***😳 + +&#x200B; + +Looking for Lupparello on r/Superstonk have come out very few posts, those with more content are very very very old. We need to eat a lot of bananas and get busy.🍌 + +[https:\/\/www.reddit.com\/r\/Superstonk\/search\/?q=Stephen&#37;20Luparello&source=recent&restrict\_sr=1 ](https://preview.redd.it/4hxb6y1lnw191.png?width=2160&format=png&auto=webp&s=3adf4ef51420c47cbbd042ec4ceb7d4b97c95fe4) + +&#x200B; + +>*If you notice the sidebar on the right, it gives you an idea of the length of the page.* + +***There is very little content on this Lupparello.*** I thank in advance those monkeys who made them, namely u/WhatDidIDoNow \+ u/LonwayArti \+ u/hunnybadger101 \+ u/New-Consideration420 \+ tu/soldatoscar. + +&#x200B; + +>!Then let’s see who this friend of MAYO is. !< + +# A Wolf or a Lupparello? + +[https:\/\/www.theocc.com\/Company-Information\/Board-of-Directors\/Stephen-Luparello ](https://preview.redd.it/m22bm9k4nw191.png?width=2160&format=png&auto=webp&s=adb7f157c5980527c8425f454a5738b49270f2e6) + +***Stephen Luparello is General Counsel of Citadel Securities***, responsible for global legal, compliance and regulatory functions, but above all also a ***member of the Board of Directors of OCC*** and is part of the Audit Committee and the Remuneration and Performance Committee. + +# This is SCANDALOUS!!! PUBLIC + PRIVATE =💩 + +[https:\/\/www.sec.gov\/biography\/stephen-luparello + https:\/\/www.sec.gov\/news\/speeches-statements?speaker=73931&field\_person\_target\_id=Stephen&#37;20Luparello&#37;20 ](https://preview.redd.it/pw9z2o60nw191.png?width=4316&format=png&auto=webp&s=ce4e6d3e1ff46a2351ad353bf115c2aaf81d2a8d) + +Stephen Luparello was appointed Director of the Trading and Markets Division of the Securities and Exchange Commission in February 2014 until January 2017, where he resigned. + +***This interesting wolf*** previously has been partner of the law firm WilmerHale, specializing in compliance and regulation of broker-dealers, litigation on securities and application. He joined WilmerHale after 16 years with the Financial Industry Regulatory Authority (FINRA) and its predecessor, the National Association of Securities Dealers (NASD), where he was FINRA’s Vice President for the last time. Prior to the NASD, Luparello was the chief of staff of then-president of the Commodity Futures Trading Commission Mary Schapiro. Previously, he spent nine years at the SEC as an adviser to then Commissioner Schapiro, and as Head of Branch and Staff Prosecutor in the Division of Market Regulation, now the Division of Trade and Markets. + +Mr. Luparello holds a degree from Lemonyne College and a law degree from Washington and Lee University. + +[https:\/\/www.marketsmedia.com\/trading-up-blackrock-snags-citi-alum\/ ](https://preview.redd.it/2s3fthhzjw191.png?width=2160&format=png&auto=webp&s=91ee3958110dfa21988e02dbc50e3879be2e954d) + +***OCC announced that Kurt Eckert,*** Partner and Head of Market Structure at ***Wolverine Trading,*** Rachelle Keller, Chief Operating Officer for Prime, Futures and Securities Services at Citi, and ***Stephen Luparello, Managing Director and General Counsel for Citadel Securities, have joined the Board of Directors as Member Directors.*** + +# Here the shits begin to be heard. OCC + SHITADEL + WOLVERINE = SHITTY CONFLICTS OF INTEREST 💩 + +&#x200B; + +Checking on the board of the OCC there are other shits related to hedge funds, but they are the ones who would be considered more smelly, involved with the big craps in a public entity.🤮 + +&#x200B; + +>>!But let’s be clear about the OCC, which is the largest equity derivatives clearing organization in the world. !< + +&#x200B; + +***The OCC operates under the jurisdiction of the Securities and Exchange Commission (SEC)*** of the United States and the Commodities Futures Trading Commission (CFTC). Under its SEC jurisdiction, the OCC authorizes transactions for put and call options, stock indices, foreign currencies, interest rate compounds and single-share futures. + +[https:\/\/www.theocc.com\/getmedia\/01c3b5f8-da1f-4bf6-ba40-2ed735fb7dd4\/OCC-ToolKit-OCC-AAG-ProductsMarkets-030122.pdf; ](https://preview.redd.it/g8bmd5vqjw191.png?width=2160&format=png&auto=webp&s=ec0580a25899048e5c0b68e95392b291714207a1) + +&#x200B; + +[The OCC was jointly owned by the so-called legacy exchanges:](https://www.marketswiki.com/wiki/OCC) NYSE ARCA, NYSE MKT, Nasdaq and CBOE Global Markets of Intercontinental Exchange. With the acquisition of ISE by Nasdaq, Nasdaq’s stake in OCC grew from 20% to 40%. + +[https:\/\/www.investopedia.com\/terms\/o\/occ.asp ](https://preview.redd.it/h8i00yaipw191.png?width=2160&format=png&auto=webp&s=255ee4537836bfe77873b3e7fa2b44b27494f6ec) + +# When you feel you step on a shit, you recognize that you have beaten it because it has already happened to you.💩 + +# Already in the past they have had problems with CONFLICTS OF INTEREST, it is happening again but what is happening and will happen will make history.🚨🤢 + +&#x200B; + +***Crime will be exposed, but we in Superstonk already know... we are smooth-headed or wrinkled apes, but together we are unstoppable.*** + +&#x200B; + +*Remaining on the piece, what are other important points by entities?* + +[All this stinks of shit](https://preview.redd.it/spn96hqmpw191.png?width=2160&format=png&auto=webp&s=4ca69b0a796fed6c244718333577e0b807a68646) + +&#x200B; + +***I couldn’t find any particular connection with SHITADEL and the other craps.*** + +[https:\/\/www.marketswiki.com\/wiki\/OCC](https://preview.redd.it/nfhg07risw191.png?width=2160&format=png&auto=webp&s=dc69c4a834011d6be11ef36a12749357952744c2) + +&#x200B; + +[In direct members](https://www.google.com/search?q=Options+Clearing+Corporation+%28OCC%29+who+is+member&gl=us&hl=en&pws=0&sxsrf=ALiCzsalYNyhKBcOr5HQWLYwfS49n42ICw%3A1653603764736&ei=tP2PYoG5LP6Fxc8Pu_OAyAE&ved=0ahUKEwiB4_uHmv73AhX-QvEDHbs5ABkQ4dUDCA4&uact=5&oq=Options+Clearing+Corporation+%28OCC%29+who+is+member&gs_lcp=Cgdnd3Mtd2l6EAMyBQghEKABOgcIABBHELADOggIIRAeEBYQHToECCEQFToHCCEQChCgAUoECEEYAEoECEYYAFDdCVjzMGCoMmgCcAF4AIABiAGIAe0JkgEEMTEuM5gBAKABAcgBCMABAQ&sclient=gws-wiz) come out large hedge funds very smelly, but especially those that interest us apes. + +[https:\/\/www.theocc.com\/Company-Information\/Member-Directory ](https://preview.redd.it/rbh5ipfhtw191.png?width=4312&format=png&auto=webp&s=59fff23e0f0bcf8a72d07c037640775bfb9aad7b) + +***Pay attention to what I have done, the OCC’s direct membership*** list is updated to March 2022. + +The list contains 879 members, of whom 105 are the most important. + +&#x200B; + +In the list of members I found these cunts here that interest to us apes = + +&#x200B; + +* 111 Apex Clearing Corporation +* 158 Apex Clearing Corporation +* 365 Wolverine Execution Services, LLC +* 395 Citadel Clearing LLC +* 431 Citadel Securities LLC +* 513 Apex Clearing Corporation + + +There are 3 APEX and 2 SHITADEL, ***this is very strange***. *In a next post I will continue the investigation.* + +&#x200B; + +Meanwhile we reconnected to APEX, in [my previous](https://www.reddit.com/r/Superstonk/comments/uxw70m/deep_links_between_shitadel_apex_fintech/) post I had done a great DD that can make me understand the links before SHITADEL, deserves to be read. + +# In this DD I brought out a lot of shitly, these links are very powerful. + +&#x200B; + +>>!Only through us can they change things.!< + +&#x200B; +