diff --git "a/reddit_finance_43_250k_208.txt" "b/reddit_finance_43_250k_208.txt" new file mode 100644--- /dev/null +++ "b/reddit_finance_43_250k_208.txt" @@ -0,0 +1,10000 @@ +I want to buy a house in Sacramento. Specific house we talked to realtor about is partially under remodel and has no working bathroom. +Realtor said because it's a fixer upper, we cannot get a mortgage and must pay cash. +Is this a law? Has anyone heard of this? I would like more info on why this is. +He plays dumb and acts like he doesn't know what it is or what's going on are you serious? + +He's THE HEAD OF THE SEC. DRS IS LITERALLY ON THEIR WEBSITE. + +Not to mention when asked about it on Jon Stewart's show he beat around the bush and hear he is again playing coy like he doesn't know what's going on. + +THEY ARE AFRAID OF DRS FOR A REASON. ALL OF THEM ARE IN CAHOOTS. + +POWER IS NOT GIVEN, IT IS TAKEN. + +I'm sick of groveling in poverty with no hope for the future. Sick of stagnant wages that lost buying power as inflation rises high and high and every market that provides necessities is priced out. + +It's obvious this corporatocracy is trying to do exactly what Russia is doing except more subtly: drive up poverty so we're forced into the meat-grinder of the military or abject servitude. + +All while the wealthy prance around moving millions and billions jet setting to their private islands while the rest of us are forced into food deserts eating obesity inducing low nutritious food all on exorbitantly priced health insurance that doesn't cover shit. + + +DRS. EVERY. LAST. SHARE. + +Fuck GG. Fuck Kenny. Fuck all of them. + +BUY, HODL, DRS + +No cell no sell. + +***not financial advice I'm just an angry smooth-brained dipshit ranting*** +What do most of your portfolios look like? Are you 100% individual dividend stocks? Or do you have gold, bonds and other asset classes in your portfolio? +This is something I have been pondering lately because here, and on twitter, I’ll see people ask “Im 23 and I have (x amount less than $1000), what are the best dividend stocks?”, or questions similar to that. With a portfolio that size, assuming your yield 4%, is it worth it to collect $40 annually? Wouldn’t you be better off going for aggressive growth and then using any possible gains to buy cash flow later? I don’t want to discourage beginners from getting started in dividends, as a matter of fact it makes me happy seeing people younger than me (25) get started investing because I wish I would have started younger! I know we all have to start somewhere, but it’s just something I’ve been thinking about lately. Thoughts? +I feel like I still can't wrap my head around this. + +I realise that one shouldn't think dividend is free money. It's not. It's money that the company doesn't re-invest in its operations to boost growth etc. And all that. + +But then people say "just sell shares" to get income from your portfolio. And this is exactly the point I don't fully understand yet. My preference is to not sell but grow my portfolio. + +Why would I wanna keep selling shares for income when dividend can provide that income without selling shares? +Having paid off my home I am considering buying a second property as an investment but being new to reddit I was surprised to find the massive amount of ire investment property owners draw. Is this a universal despise or specific circumstances? +My employer is deducting weekly but hasn’t deposited the money for six weeks. Two weeks ago the controller was let go after 20+ years with the company. Who do I contact? +A company has been calling my mom multiple times looking for me (why aren't they calling me) I finally called them today and they say they are a check advance company and I owe them money from like 2010. They are sending a summons to my house between 12-4. The amount owed isn't much of an issue I can easily pay that but what is going on here? Why does this company have all my information yet has never sent me a bill or this is not on my credit report. Why are they waiting ten years to come after me when if they just sent me a bill I would have paid it. Also I did use a pay day loan once when I was in college (stupid I know) but I swear on my life I paid it back a week later to risk owing more money. Is there anyway this is legit? + +*edit- did some sleuthing so the actual company that has been calling is called Absolute litigation or something and I guess represents the cash advance place but everything I look up on line this place also screams shady + +*edit- also last week they were leaving voicemails that they had an urgent fax for me. I mean who uses a fax these days. + +*update- apparently my sister had nearly the same scam come after her a year ago and were calling her dad and grandparents. She went to the police and they told her its most likely a scam. Will be stopping by my local police station soon to file a report. + +**Update 2- I went to the police station and I spoke to a nice officer who also believes it to be a scam. She even called the number and when identified herself as a police officer they said ok one minute and then sent her to voicemail. Also since many asked the info they had was my current address and phone number and email. Also my old college apartment and the bank account info I used when I stupidly used a cash advance loan (I have closed that account years and years ago so the acct isn't even relevant anymore) they also though were using my maiden name so that also threw red flags at me right away. Thanks everyone for your advice I'm pretty sure this is 100% a scam. +Hoping that this is a good sub for this. We aren't fatfire territory yet but I think it is still relevant for this community. + +My wife and I are in our mid 30s. We have always planned on hanging it up or radically slowing down at about the 2m mark. This means moving to a LCOL'ish area and working in professions that we find deep enjoyment in as opposed to ones that generate high incomes. My wife would still make a good salary but I would probably be on the lower end of the middle class income scale. Other key facts... we have 1 child who is 2 and another coming along in a few months. + +As of yesterday we just eclipsed the 2m mark. This money is distributed approximately as follows: + +* 800k taxable brokerage +* 500k in 401ks +* 100k in Roth IRAs +* 100k in combo of checking/savings +* 500k in home equity (900k outstanding on mortgage) + +Other points of consideration: + +* We carry no other debt than mortgage +* We have college for both kids taken care of outside of the numbers listed above. + +So this sounds rosy right? I also found out this week that I was getting promoted. This is not really a normal promotion. It is more a "crossing the rubicon" type of promotion where I am graduating from a lower executive tier to a considerably higher executive tier. My compensation will become much more variable but it could easily jump 4x or more from current values. To put real numbers around this. My target comp currently is 550k. My peers in this new role made between 2m and 8m in 2018 from what I can gather. Additional points of consideration: + +* I hate my job and would hate this one way more +* This job will require me to spends upwards of 100 days a year away from home +* Much of the compensation listed above will be equity. It will virtually guarantee continued employment in this role for a minimum of 5 years to really make it even remotely worth it. +* My wife has her own high pressure career that she would need to consider given the above travel etc. while she is "waiting for me" + +How would you arbitrage spending time with kids, doing something you enjoy and living a nice but MUCH more frugal life vs. banging it out 5-10 years, missing the golden years of your kid's childhoods but still retiring relatively young with what would likely be mid to high 8 figure type of wealth. I am really stumped guys. Honestly stumped on how to proceed here. One more note... this isn't an "I can turn it down" type of situation. I either need to take the job or exit. +i started investing this last year. i’m 22 and have a $28,000 portfolio. i just started learning about options and want to start doing coveted calls with a few of the stocks i own. + +i have 500 shares of PLNHF and 200 shares of UWMC. i also have 70 shares of RKT and was thinking of buying 30 more shares so i could start selling covered calls on all them? does this make sense? any advice would be really appreciated! +I honestly don’t understand this. So much research demonstrates that simple investing beats FAs a VAST majority of the time. Meanwhile, the fees for most FAs rob you blind. + +Why do so many people hire FAs?!?!? +I'm heavily procrastinating a literature review deadline so I'll keep this short + +The raids at Morgan Stanley, Deutsche, Barclay's, Merril Lynch are in relation to the Cum-Ex scandal as per [Bloomberg](https://www.bloomberg.com/news/articles/2022-05-03/morgan-stanley-raided-in-frankfurt-in-cum-ex-investigation) + +On the [wikipedia](https://en.wikipedia.org/wiki/CumEx-Files) it says this about Cum-Ex: + +> *The participants in the network would lend each other shares in large companies, so that to tax authorities there would appear to be two owners of the shares, when there was only one. The bank that was used in stock trading would then issue a "confirmation" to the investor that tax on the dividend payment had been paid, without it being done.* + +~~Sounds like naked shorting?~~ **This is a scandal from fucking 2017** + +~~People believing they own shares, they get paid cash dividends from the naked shorts (big banks aka primebrokers), claim them on their tax form. Not only between people and prime-brokers,~~ but also between prime-brokers themselves apparently? Essentially 2 or more parties owned 1 share, so you had 2 or more banks/~~retailers~~/funds claiming dividend tax breaks on 1 share, **stealing tax revenue from many European governments** + +Early 2017 article here: https://www.dacbeachcroft.com/es/articles/2017/february/cum-ex-trading-scandal-in-germany-a-huge-challenge-for-financial-institutions-and-the-insurance-industry/ + +LOL + +> *Their investigations, broadcast on Thursday night, reveal that, despite a warning from State Commissioner August Schäfer in 1992 and the testimony of five whistleblowers, the practices continued and were widespread.* + +https://www.bbc.com/news/world-europe-40199259 + +Anyone wanna dig into it? Apparently there was a filedump in 2018 + +https://correctiv.org/en/latest-stories/2021/10/21/cumex-files-2/ + +This is a nice landing page about the Cum-Ex files, scroll down to find out more! + +According to them, more than 150 Billion EUR were stolen in tax revenue + + +**Edit: Someone smarter and more aware of this than me explained it's actually different: /u/adler1959** + +>**I will over simplify now but basically all participants involved had to be willingly involved in the fraud.They bought shares to a certain date and than traded between at least 3 participants over the counter closely to the due date of the dividend. The government could not track which of the participants actually was eligible to receive the dividend which was tax detuctible under certain circumstances.** + +>**So it happened that the participants were able to get the tax refunds even multiple times although obviously only one party would be eligible. The premium was split afterwards between the fraudulent parties.** +Long story but I will try to keep it short. Matched a girl on Tinder a month ago. Been chatting a good amount. Have exchanged SFW pics... mainly because I was suspicious right from the start. She is very good looking (red flag, am I right?) and from Hong Kong (double red flag?). About a week ago, she starts asking if I ever trade anything and I say sometimes I trade stocks. She sends me a screenshot of her FX account which is +$72k in the past three months. Keep in mind I have never touched FX so I don't know how legit any of the screenshots are, but they look at least somewhat legit. + +She tells me I could make money too and she will help me. She tells me to research and download MT4. Today, she sends me a link to sunacmk.com and is walking me through the sign up process right now. + +I may be an idiot, but I am not a full blown idiot, at least not all the time. I am not entering any personal info into this site except my email address, and I am only creating a demo account and not giving any bank details. + +So, my question is this: is the gig already up, am I 100% for sure being scammed? Or can I keep seeing where this goes without putting myself at risk? Because I have plenty of time on my hands and I would love to see how this plays out so long as I don't lose all my money and/or identity. +Conceptually, this is a little ill-defined, so bear with me... + +Right now, we live in a VHCOL area with a ton of traffic that also has winters that are a bit too cold for me. It's DC area... + +We're planning on retiring around 50 in less than five years, so over 55 communities are non-starters (for multiple reasons). + +This isn't a money issue...while I'm not planning on buying a vineyard, I'm also not planning on down-sizing below 2000 sq ft, minimum (which goes for 500k min where I am now). We're currently in 4200 sq ft, which is a bit too much space for our needs, but the house design is great (awesome kitchen, which is great for me). + +I've been goofing around building a Google Earth overlay that distance rings around major airports to indicate ease of access. Another layer has all the colleges and universities, another major hospitals. I'm still working on adding a county-level life-expectancy (which is a pretty good indicator of medical access and quality). + +I've been bouncing around the idea that this will identify regions that will offer ease of travel, cultural opportunities, volunteer opportunities, and won't have me dying of something if only emergency services had gotten to me thirty minutes earlier. It would also be great if I could have a year-round private pool (but not a deal breaker). + +The thing is, even when I get to the regional level, I'm still a little lost for narrowing things down. + +I've asked friends and colleagues how they would (or have) approached this, and the answer usually comes down to a few "answers": + +* Use a realtor and/or Zillow/Redfin...(like, duh, but you still have to know where you want to look) + +* "I'm moving to X location...it's always been my dream to live there!" (Yeah, I don't really feel that one way or the other) + +* Read whatever websites or magazines put in their "Best Places to Retire" articles. + +* Watch a lot of HGTV and wait for something to pique your interest. + +So, long-story slightly shorter... + +* What are your recommendations (books, sites, whatever) for identifying places to retire? + +* Do you have an resources for developing a checklist for what I'm looking for (in some senses, I'm not sure if my priorities are significant or if I'm even asking the right questions a la my Google Earth project)? + +* Are there people you can hire to help you with this? What are they called? + +Thank you for attending my terrible TED Talk... +Hi all + +I currently drive a 9 year old Mini cooper with over 140k+ miles on the clock. Unfortunately I keep running into problems - I had a clutch slipping issue that magically fixed itself a few months back, and now I have some other problems such as AC not working (compressor failure), glow plugs need changing etc. + +This car was my 2nd car (I've been driving for 7 years now) and so I've had this car for 3-4 years. + +I'm 24, earning roughly £38000-£40000 a year and I am currently thinking of spending about £14k on a low-mileage, newer edition Mini cooper. + +I'm fortunate to have a small amount of outgoings (sub £500 a month). I don't have £14k saved up so I was thinking about getting a £10k loan and putting £4k of my savings towards it. Will be a 2 year HP loan with an aim to pay off as fast as possible. I don't drive too many miles a year so I'd expect the car value to still be worth £10k+ at the end of the finance agreement. + +I know this isn't the smartest thing on a financial level, but man, I just want to drive a somewhat new, low-mileage car that will make me comfortable and have all features that are working. Am I out of my mind for wanting to spend this sort of money, or if it will make me happy and I think it is worth it, does that make it worth it in itself? + +Thanks for any advice +1.5B market cap seems pretty heavy but the revenue growth is there. I believe it becomes available tomorrow. Any thoughts? Will trade under the ticker BYND. + +https://www.google.com/amp/s/www.nasdaq.com/article/vegan-burger-maker-beyond-meat-raises-price-range-in-upsized-ipo-20190430-00334/amp +Interested to know how you share the responsibilities between yourself and your other half. Do you discuss all purchases over a certain amount or have totally separate accounts. +I have joint accounts with my wife and generally would discuss any major purchases. But her she has spent £6k for gifts for her brothers wedding without asking me. I think separate accounts would be better with each contributing to the bills but feels odd for a married couple. +This was an interesting question asked during a little finance group meeting I was in. + +What is something you are not admitting to yourself about money? + +For example, do you feel you are addicted to money? I.e. earning it and not taking a break, focusing on other important things? + +Someone else admitted that they are addicted to saving money at the cost of happiness of them or their partner. It is good to save money but this person was so intense that they forgot to take a step back and let go every now and then. + +So what is something you are not admitting to yourself about money and work? +https://www.cnbc.com/2021/12/17/jpmorgan-agrees-to-125-million-fine-for-letting-employees-use-whatsapp-to-evade-regulators.html + +JPMorgan Chase is paying a $125 million fine to settle Securities and Exchange Commission charges that its Wall Street division allowed employees to use WhatsApp and other platforms to circumvent federal record-keeping laws. The SEC said Friday in a statement that JPMorgan Securities admitted to “widespread” record-keeping failures in recent years. The bank’s employees used personal smartphones and email accounts, as well as messaging services including Meta-owned WhatsApp, to conduct securities business matters from at least January 2018 through November 2020, the regulator said. SEC officials who spoke to reporters Thursday evening said JPMorgan’s failure to preserve those off-line conversations violated federal securities law and left the regulator blind to exchanges between the bank and its clients. + +Federal law requires financial firms keep and retain meticulous records of electronic messages between brokers and clients so that regulators can make sure those firms aren’t skirting anti-fraud or antitrust laws. Regulators in New York and London have ratcheted up enforcement of record-keeping rules in recent years as traders migrated to encrypted messaging platforms including WhatsApp, Signal or Telegram. While phone conversations and messages on official company devices and software platforms are preserved, it’s much harder for bank compliance departments to surveil communications on third-party apps. The method picked up in popularity after two of the industry’s biggest trading scandals of the past decade (involving manipulation of Libor and foreign exchange markets) hinged on incriminating messages preserved in chatrooms, resulting in multi-billion dollar fines for banks. + +Traders at JPMorgan, Morgan Stanley, Deutsche Bank and other firms have been dismissed or placed on leave for infractions tied to the practice. But the SEC order reveals how pervasive it was. At JPMorgan, the practice of going offline to communicate was firm-wide, and even the managers and senior personnel responsible for compliance used their personal devices to communicate sensitive business matters, the SEC said. The investigation at JPMorgan is ongoing and the SEC has launched similar probes at firms across the financial universe. JPMorgan ordered its traders, bankers and financial advisors to preserve work-related messages on personal devices earlier this year, Bloomberg reported in June. + +Officials declined to offer details on the current status of the JPMorgan examination or those at other banks. “As technology changes, it’s even more important that registrants ensure that their communications are appropriately recorded and are not conducted outside of official channels in order to avoid market oversight,” SEC Chair Gary Gensler said in a press release. In stressing the importance of diligent recordkeeping, Gensler recalled the foreign exchange scandal of 2013, when traders at several of the globe’s largest banks used a private chat room to conspire to fix currency rates to maximize profits. Five of the globe’s largest banks, including JPMorgan, ultimately agreed to pay more than $5 billion in combined penalties and plead guilty to resolve the investigation. “Books-and-records obligations help the SEC conduct its important examinations and enforcement work,” Gensler added. “They build trust in our system.” While SEC officials said the $125 million penalty is its largest recordkeeping fine to date, the bigger threat to JPMorgan may be reputational. By going after JPMorgan, the world’s biggest Wall Street firm by total revenue, the SEC has put the industry on notice. +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. +Hey everyone, I'm going for interviews soon and am prepping for those ever so fun case questions. So my question to you all is what's your favorite shortcut, guesstimation tool, etc in quick financial math? My favorite's the Rule of 72. Let's get a list going! +I have simple tastes when it comes to vacations, but I’d pay dearly to have a vacation that wasn’t complete dominated by the normal routines of getting my one and five year olds to eat, sleep, use the bathroom, or just not having to bend to their whims every 5 minutes. There is also the fact that flying with young kids and all their crap is a form of torture. + +What services do you use? Or should I just accept that I’m in baby jail for a few more years? We have tried to hire nannies to come on a few trips and they have either bailed or tried to negotiate to only work 4 hours a day or something. My guess is that more professional services exist, but I have not found them. + +Thanks for the advice! +All the god tier DDs like Citadel has no clothes, everything short, etc all deal with how Citadel and other reckless hedgefunds went around naked shorting a whole lot of companies to the ground. + +Sure, theres nothing like GME because its got solid fundamentals with a smart billionaire CEO who keeps delivering, and the infamous DFV, but that doesnt mean other companies like BB, AMC and others are a pump n dump. + +It actually PROVES that those DD are correct. It should bring UNITY, NOT DIVISION. + +You knoe why AMC is having a bigger run? Simply because more people know about it. And the film industry is bigger with more public figures promiting it. + +Not many people KNOW about the transformation GME is going through, or have heard of Ryan Cohen. + +Whenever I see people saying AMC is a distraction, it just reads as if they are either a shill, or butthurt themselves that they couldnt also get in the ride, but just patting themselves on the back that GME is the one true play. + +This is a GME sub, and I am heavily invested in our company with 100% conviction. However, it doesnt mean that other shorted companies and their squeeze runs are a distraction. We seriously need to move away from this cultish mindset. "My belief is the only correct belief, and all other beliefs are fake" + +Only paperhands and fools will ever sell out of one position to join the other. + +Edit 1: i tried to respond to as many comments as possible but there are simply too many. Basically, the point of this post wasnt to create another post about a different stock than our main stock, GME, but it was the opposite. I wish people STOPPED posting about other stocks which is not GME. + +IF YOU THINK SOMETHING IS A DISTRACTION, DONT GET DISTRACTED!!! GOOD FOR YOU. DONT POST AND MOVE ON + +If you see someone actually posting about a different stock here and is getting distracted, THEN we can tell the user to not get distracted and delete the post as its irrelevant to the sub. +Just an observation based on some of the posts and comments I've read over the last month. + +Especially after the memecoin hype the crypto community is shifting more and more towards a younger audience. Additionally, most people here likely have a very small amount of money invested, mainly those newbies. Not that this is a bad thing inherently, but if you are coming here for legitimate financial advice from seasoned investors you should be cautious of who is actually giving the advice. + +(Disclaimer: I am 7 years old and this *is* financial advice) +I was drinking coffee with a friend today and one of the conversations was about cryptocurrencies and how prices have been dropping lately. I checked on my portfolio during the conversation and I saw that everything was green, COSMOS was even up double digits. Great, I said. Maybe this is the start of an uptrend. + +I get home, take a shower and go to bed. Woke up and decided to see if the uptrend continues but all I see is a wall of red. It's worse than it was yesterday. + +Does anyone have any idea what happened? What triggered this double digit dip? I know crypto is volatile but there has to be some kind of explanation or reasoning behind this. +I see posts like this all the time on other social media platforms about canceling student loan debt, where someone borrowed $10k, paid the balance due on time every billing period, has paid off $12k and still owes $13k + +I understand you pay interest on the loan but how does it add up like it does? +How come everybody recommends buying VTI/VXUS but hardly anybody recommends FZROX/FZILX which has zero or close zero expense ratio? IT also has basically the same holdings?? Am I missing something here?? +Ok folks, I hear all the time about ICLN and full disclosure I am holding it (>200 shares), but I am interested to hear about others that you like or are looking at currently. Thanks in advance for your insight 😎💎🙌 +New investor here and looking to hold and contribute to these for the next 5-6 years at the least: + +\- ARKK + +\-QCLN + +\-ICLN + +\-TEC.TO (Canadian ETF covering major tech stocks) + +I do know there is a fair bit of overlap between ICLN and QCLN but the latter gives me exposure to NIO and a few other ones not included in ICLN. Please do let me know +I know we had the big global crash in 2008, I'm assuming that is what caused the big dip back then, but the ETFs value has not even close to recovered from its previous ATH price. This was also over a decade ago. Does anybody know why the industry was so highly valued back then, compared to know? for the longest time, the cost of this index was continuing to drop and then pretty much just going straight across, and it has only started to rise again in the last year. + +&#x200B; + +I'm looking into clean energy companies as it honestly seems a given that these companies will have to start performing, oil and gas can't continue forever. At the same time, I don't want to throw money away and the graph doesn't fill me with too much confidence, haha. +I'm early 30's, single, US based. Made my money in real estate. I'm not all cash, have stock options etc. but want to divest. It's a difficult decision with how monetary policy, economy, asset pricing etc. is looking. Not looking for huge risk / returns. + +Broadly looking for tips, advice, percentages you would allocate, how much cash you'd hold etc. There's lots of broad advice but I can't find that much about entering the market late cycle. +[https://imgur.com/a/w9ZpoCd](https://imgur.com/a/w9ZpoCd) + +I stare at this spreadsheet of my expenses almost daily. + +I live in the metro area of a northern European city. I own a car that is garaged, can't park it on the street for a few reasons (no space, slightly sketchy area). + +Other people seem to be very efficient at putting savings away but I feel like it would be impossible to save any more than 20% of my net pay. Any advice? +Hi, I'm turning to algo trading (yet to start) after losing quite a substantial amount of money. I've watched a few vids and I came across these costs... + +Live Data Feed - $12/mth + +Ninjatrader Lease - $75/mth + +VPS - $50/mth + +Total - $137/mth + +Is that the average cost to set up algo trading? (code, backtest, automated trade execution) +Hi guys, I wanted to take a look at the upcoming options chain for $GME before Monday and see how it would affect next week and what we need to look out for and the levels we need to break to continue this massive rally. I'll also be looking at historical data that also point to another bullish week coming up. + +*All data found is scraped from various sources and are subject to change based on options buying and selling* + +**What is Gamma and how does it affect the price?** + +Gamma is the rate of change in delta, Delta is the amount of underlying MMs need to hedge their options positions (assuming that MMs are hedging correctly). So a Gamma ramp would cause a massive increase in delta and MMs would then need to buy a massive amount of underlying stock the stay correctly hedged. + +&#x200B; + +[Gamma levels for the 4\/1 and 4\/8 expiry](https://preview.redd.it/xfefj403vsp81.png?width=869&format=png&auto=webp&s=02e683d9c14ea5b5de8050d838c662cc0c57f17c) + +As you can see we have huge notional gamma at the 150, 160, and 200 levels. As demonstrated last week 160 was a pretty big resistance level for us, usually retail would sell their call options as they edge near the money however with such a big push for option exercising I could see that we push straight through these resistances, especially for T+1 options settlement on Tuesday. Looking at the rest of the chain after we push through 160 there are no real resistances until we hit the 200 level so If we break 160 I expect 200 is very likely after. + +*(As more options are bought and sold gamma levels can change and we could see a change in the chain)* + +&#x200B; + +[Open interest for 4\/1 and 4\/8](https://preview.redd.it/5942x9k5xsp81.png?width=797&format=png&auto=webp&s=d8d0ace5b5711070c600d1bd5cdb816826fb4f88) + +Huge open interest on the 200 and 265 strikes and as the price nears these strikes the gamma would increase exponentially, especially for very OTM strikes causing a huge upswing in positive delta and MM buying. It would also cause the negative delta on the puts to be unwound and cause buying pressure as the MMs unhedge those puts that are now OTM. + +&#x200B; + +[Weekly close &#37; based on historical data for $GME](https://preview.redd.it/jypqhqdqysp81.png?width=842&format=png&auto=webp&s=4a86eeaab2f3aaa25efc8a529754fd2be415df3f) + +As you can see Week 13 based on historical data is a bullish week for us, January and February are skewed due to the sneeze but having a historically good week will help for a push up this week. + +&#x200B; + +[Daily average returns &#37; based on historical data for $GME](https://preview.redd.it/sqn56gs6zsp81.png?width=860&format=png&auto=webp&s=c4f2d4c8864209d8d39617cbcdf4cb6f129a1441) + +We also have historically greater returns at the beginning of the week than later so especially with options settlement we could see a very explosive Tuesday and Wednesday. + +**TLDR: We have a lot of positive factors this week that will increase the pressure on the shorts, I would like to see us break above 160 and then likely see a big push to 200. I would expect a big push on Tuesday or Wednesday based on historical data.** +Hey I’m the guy who wanted to put $200k into XYLD lol. I’ve done some research and I think JEPI might just be the one. It’s a unicorn. Good growth and high dividend? Kinda sounds like a trap. I understand how they create income to pay share holders but how does the stock price retain and grow value, there top 10 holding are all Spx options it seems. Would love a little more information from someone who knows more. +After purchasing in summer of 2013 I think its finally time to sell. + +Thats right I said it. + +I'm selling my house and using any profits after realtor fees and loan payoff to buy more ETH. +Let me start off by saying that 2018 was actually a decent year for my fiance and I. We got engaged, I got a job that suits my mental needs more than anything I've ever had, and he got a job that doesn't make him miserable or cause his bad leg (which has steel plates in it) to act up. + +But one of our favorite moments of 2018, besides the engagement, was in the final days of the year...WE WERE FINALLY ABLE TO AFFORD A MICROWAVE!! We were using the one his sister had when she was living with us for a short time, but someone broke in to our trailer and stole it. They left behind the Keurig that I've had forever, the tv and Roku that were given to us, and the PS2 that I've had since middle/high school but stole the microwave. + +We've been trying to get back on our feet as quickly as possible and because of that, we've never been able to replace the missing "piece" of our kitchen and trying to heat leftovers felt like a hassle. But due to some fortunate events, he told me to pick one up the other day when we were at Walmart getting groceries. + +I guess there's really no point to this story, but I just wanted to share that little bit of success with you guys! + +Happy New Year, everyone!! +It's that simple, the actual market cap of USDT isn't as large of a problem as the sheer volume of trade facilitated through it, the competitors are well over 50% of it's market cap now (and expanding rapidly as people cotton on to the fact it's a Ponzi). + +If given an option to buy in with an alt rather than USDT, or to trade directly via FIAT, please take that option. Please don't store your value in USDT, please use audited competitors like USDC. + +Not only will this make it harder for them to mint more USDT due to falling demand, but it will also assist in minimising any potential bank run (if one occurs). +My first phone call to JPmorgan's investment number, I put in my investment account info, got put on hold, then got hung-up on after 2 minutes of waiting. + +My 2nd phone call, I got a rep and I just asked a simple question of "Is my investment account a 'cash account?" + +I was told "yes". (I called twice in March 'confirming' this already). + +I then asked the follow up question, "I got emailed a document (from chase) saying my CS transfer was completed, but the title of the document is "Margin Account Transfer Confirmation" and would just like some clarification because I thought my investment account was a 'cash account'." + +I got put on hold for 2 minutes or so, and she replied "Mr. X, I do see this document and you are on a cash account, would you like me to reach out to a supervisor?" And I of course replied 'Yes, take your time.' + +Now this was the 8 minute holding period, the supervisor Kevin asked me my name to 'confirm' blah blah. I then asked the same question, "I got emailed a document saying my CS transfer was completed, but the titled of the document is "Margin Account Transfer Confirmation" and would just like some clarification." + +He then asked "Can I put you on hold for a few minutes? I'll ask other to see if it's a wide spread problem". I said "sure." + +A few minutes later he 'conveniently' had a problem hearing my voice. His connection, literally at a customer service center, was so 'spotty' and he had to reset his 'system' 3 times. He then could finally hear me.. when I'm literally connected to wifi and my connection was 100% fine. + +He finally told me he is sending a 'request' to his 'research team'. I then asked "Is there any timetable on an answer for me? Any email or request numbers I can follow up on?" + +Kevin then replied "It usually takes a business day, but may take up to 3-5." + +I replied "Okay, can I have the request number to followup?" and he gave it to me. + +I did state "You do understand, as a long term investor, why having my account on margin would hurt me in the long term?" and he agreed with my concern and we ended the conversation. + +&#x200B; + +TLDR: I believe every broker is lending out shares on people's 'cash accounts' to provide 'liquidity' from DTC pressure/necessity (I could be wrong -NFA -I"m kinda dumb but know when I'm being bullsh\*tted) + +BRING IT ON MAYOBOIII + +I LIKE THE DIRECTLY REGISTERED STOCK XXX +Just saw a post linking to a bloomberg article about the 200 day moving average. In the thread there was an onslaught of nonsense and poor information about charting and technical analysis. One of the things that keeps me from posting more frequently is the level of discourse in some of these thread: it's awful. + +[Here's a study from the Kansas City Fed](https://research.stlouisfed.org/wp/more/1996-006) + +Technical analysis is not intended to be predictive of future price moves. It's a method of risk management that, primarily, allows you to identify asymmetric bets. Their usefulness has much less to do with "self fulfilling prophecies" and other mumbo jumbo. + +Edit: The sub is nothing if not consistent. Level of discourse is disappointing, this sub used to have productive conversations. On the plus side, the visceral reaction from people toward TA is heartening -- means lots of people are ignoring a useful risk management tool. I think the commentary below tells you a lot more about the person making the comment, and their biases, than it does about TA and its usefulness. + +[A resource for those actually interested in educating themselves about the subject matter](https://www.amazon.com/Heretics-Finance-Conversations-Practitioners-Technical/dp/1576603164/ref=sr_1_1?ie=UTF8&qid=1523821637&sr=8-1&keywords=the+heretics+of+finance). You may have heard of Andrew Lo, he's one of the foremost scholars of behavioral finance as well as doing some of the most profound work disproving the Efficient Markets Hypothesis. He also spent a lot of time researching technical analysis. +Sources: + +https://www.npr.org/sections/thetwo-way/2017/12/13/570484764/fed-raises-interest-rates-again-as-economy-rolls-on + +https://www.cnbc.com/2017/12/13/fed-hikes-rates-by-a-quarter-point.html + +> The move will push the target range to 1.25 percent to 1.5 percent. The rate is pegged to a wide variety of debt instruments, such as credit cards and adjustable-rate mortgages. + +Want an audio version? Very nice Audio+Video version of post made by https://old.reddit.com/user/TheNovaeterrae -> https://old.reddit.com/r/Superstonk/comments/rcczn6/the_conjecture_about_citadel_gme/ + +******************* Post -> + +Talked to a very wrinkled investor with 43 years experience who is a multi millionaire based on Buffet style value investing + +Before that he used to turn around companies (successfully) + +PhD in Risk Management + +*************************************************************************** + +First Thing He Said -> + +Citadel Locking Funds is very sus + +Locking Funds is what banks and funds will do when they are in danger of going bankrupt + +He talked about Government take overs of banks in various countries and THE FIRST THING they do is lock up funds for 90 to 180 days so that there are no Bank Runs and the bank doesn't get bankrupted + +Customers can't withdraw. Suppliers and Vendors don't get paid. Bank/Fund has to lock up funds to ensure survival + +*************************************************************************** + +Second Thing He Said -> Citadel locking up funds and saying no more than 6.5% withdrawn in a quarter (or pay a fee) is a sign of desperation and it's a joke US is allowing it + +He started laughing when I mentioned the caveat that if you withdraw funds, Citadel will not let you invest with them again + +He thought that was a blackmail style move, made from a position of weakness + +***************************************************************************** + +ON HIS OWN, he mentioned that there are 3 Categories of Investors + +10-30-60 + +Top 10% that have invested 60% of the Funds that Citadel has under management + +Next 30% that have 30% of funds + +Final 60% only have 10% of the funds + +In normal circumstances, a Hedge Fund or a Bank will NOT CARE AT ALL about these 60% small fish, because they only account for 10% of Assets Under Management + +ON HIS OWN (without me talking about Kenny G flying around the world for the last 3 months) + +He said that you would only do lock up of funds if you had lost some of your Category A investors + +The BIG ones that are just 10% in number BUT account for 60% of funds + +You start worrying about small fish IF AND ONLY IF the Whales start leaving + +********************************************************************** + +Third Thing He Said -> + +His eyes LIT UP (literally lit up) when I told him about Kenny G flying around the world + +He said it would seem that the Category A investors are the ones Kenny G was trying to convince (flying around the world) so that the MAJOR Part of Assets under Management (60%) was secure + +********* + +That the funds lock up suggests he lost some or many of the Big WHALES + +That now he needs the little fish (even though they have just 10% of Funds) + +SURVIVAL TIME + +************************************************************* + +This also explains the interviews and Clubhouse chats + +Kenny G trying to convince the BIG GUNS that Citadel is not in trouble + +Appear Strong when you are Weak + +************************************************************* + +Really, it was a crazy EUREKA moment because everything suddenly makes sense + +World tour and Interview Tour to Convince Whales not to leave + +But some Whales still left + +Citadel in trouble because their Assets Under Management going down + +so now small fish are told their funds are locked + +*************************************************** + +He said that Kenny G would Lock up funds and entrap the smaller investors + +MOST LIKELY MEANS he has lost some of the BIG INVESTORS (the top 10% that account for 60% of Assets Under Management) + +Because if he had not lost any of the big guns, then there is no need to lock up and entrap the small fish investors + +*************************************************************************** + +From all this Superstonk's possible conclusions/possible takeaways are perhaps that + +A) Kenny G world tour was to Convince WHALES to not remove their funds from Citadel. Kenny G has been flying around the world for the last 3 to 4 months to reassure these WHALES + +B) Kenny G interview and TV tour is also to Convince WHALES that Citadel is not in trouble + +C) Some WHALES did lose confidence and withdrew funds + +This is CONJECTURE, mind you + + +D) Because of this Citadel is in DEEP TROUBLE and for the remaining small investors it has LOCKED UP THEIR FUNDS, because if they start withdrawing, then Citadel will go bankrupt + +****************************************************************************** +I read things saying the Federal Reserve is going to raise rates and mortgage rates are going to go up. Isn't this only going to hurt the consumer? Why do banks and lenders need to make more money? Is this so the can lend more money? Or is it they are just greedy? +Hi, I would like to know in what sectors the majority of you are going to invest in 2022. I would also like to know why you are going to invest into that specific sector. + +Personally, I think I'm going to invest into mining stocks. This is due to the expansion of nuclear energy in Europe and the transition of electric vehicles. Im also going to invest in TSM/ASML since chips are going to be increasing more applied in consumerproducts. +We received a piece of mail addressed to our toddler which seemed odd, and upon opening it there was a notice from a collection agency for an unpaid bill the day after birth. + +I went back through USPS informed delivery and never saw a bill from the provider, and we paid all the medical expenses immediately after receiving them. In checking the provider's reviews, they have a low rating of people claiming the exact same issue. Even worse, people say they pay the provider or agency and continue to be harassed. + +I called the collection agency to dispute the charge and they were very rude and said they could not provide an itemized list of services rendered and that we just needed to pay immediately. + +Does anyone have any advice for the best move here? I am not going to pay this bill until we know what we are being billed for. + +EDIT #1: After calling insurance and getting access to child's EOB's it does appear the debt is valid and was not paid. The main issue is we were never billed, and as such we were blindsided by the collection agency. + +EDIT #2: In speaking to provider they could not provide actual dates of when billing was sent, but they just said it was mailed to us. Since the debt is confirmed to be valid I am just going to pay it to be done with it even though we are incurring an upcharge because it was sent to collections. + +EDIT #3: Everything is on hold until I receive the invoice which I will request in writing. + +EDIT #4: I am located in Texas. Apologies for my ignorance in not thinking about different state laws on billing. + +EDIT #5: Called insurance who called the provider on the same call. The charges were apparently applied to our deductible and that was why the balance was left over. The provider was adamant they kept sending paper bills but I have never seen one. They are supposed to email me a copy of the invoice via email. + +EDIT #6 (case closed): The provider pulled back our account from the billing agency and waived the fee. I now have the itemized bill in hand and the total is correct to what insurance shows. I paid the provider who apologized for sending the bill to collections, and ultimately told me that their billing system was upgraded and admitted that they did not send bills to us by mistake. I felt kind of stupid, but the EOB clearly show the visits from when our kiddo was born. We also pulled our credit and nothing was showing, but the provider said the credit report will not show it until it has been in the collection agency for 30 days. Thank you to all folks on r/personalfinance. I need some advil. +I think this is the week the reality of the corona situation sets in and when we see near 1k deaths on monday, we'll have a bloody day. That brings me to my question. If we have a triple circuit breaker, which halts trading for the rest of the day, what happens to option contracts expiring that day? +Many, many people who had Enhanced Verification accounts for many months, and who have made many deposits and withdrawals, have had the rug pulled out from under them with no warning. + +EV accounts in good standing get converted to New accounts with no verification after withdrawal attempt is made. Deposits are welcome at any time you like, but they can never leave. + +"Oh this is FUD! It's just KYC compliance!" Bullshit. We provided the documents, they were approved. MONTHS AGO. + +If it was actually KYC compliance, they wouldn't accept the deposits at all. An honest and solvent exchange with KYC concerns about a customer would at the very least notify the user after a deposit that "hey, you're not verified! stop depositing!" More realistically, they would lock the deposit/withdrawal page so that when you click deposit, you are not presented with a bitcoin address, you are presented with "hey, you're not verified, you can't deposit!" + +Insolvent exchanges do what Bittrex is doing right now. + +Ultimate confirmation of their insolvency will be if they do some kind of policy change announcement on Wednesday. If you're doing something that might cause a bank run, do it before a long holiday weekend. What better excuse for going AWOL than "all the banks are closed anyway. it's thanksgiving what do you expect?" + +Until a blue checkmark crypto public figure on twitter starts calling them out, they will continue ignoring this and burying the news with bullshit bitcoin gold spam. + +Get your money out while you can if you can. FWIW i was able to withdraw ethereum and litecoin days before I got frozen. Seconds after an attempted monero withdrawal my account was de-verified. It's possible that they had some portion of coins on deposit stolen, so that they were able to pay out LTC and ETH but not XMR. They pay out what they can to stave off panic, but as we all know you can't create cryptos out of thin air. + +.... And now this will be downvoted and replaced with your regularly scheduled sockpuppet hype for Waltonchain and other scamcoins. + + +All my Cycles ive been thru in Crypto my Strategie was always to buy solid Top 20 coins i like when the Market is down like these days when everbody else get scared and ask how low can we go. + +Now i want to make things a little bit different and take a bigger risk. + +I want to buy (a small percentage of my cash) Cryptos that are not even in Top 100. + +My Problem is i have no glue how to do research on this. + +So please tell me your favourite low cap coins and tell me why you love it. + +so i can start my research and maybe by your bag of shitcoins. + +Thank you Crypto guys!!! +I just read an email from Ally they’re reducing their savings rate again down to 1.8%, it’s still pretty good considering how much rates have come down... but I know there’s better rates out there. I’m considering moving funds to a new HYSA. Who do you use, and what do you like about them? +I'm looking for something like a financial planning podcast, but *not one* that discusses the daily fluctuations in the market, but rather breaks down important financial concepts (i.e. 401k, budgeting, DCA, etc.) Ideally, something daily, and relatively short (10-20 min) -- quick, digestable, and conducive to a morning routine. Anything out there like this? +[https://www.morningstar.com/articles/1071658/arkk-an-object-lesson-in-how-not-to-invest](https://www.morningstar.com/articles/1071658/arkk-an-object-lesson-in-how-not-to-invest) + +I constantly see Reddit communities bag on ARK and Cathie, but it commonly comes with inaccurate assumptions of technique, performance, skill, and history. I’m also pretty quick to defend ARK against many of those comments. That said, there are equally legitimate arguments to be made about ARK and this is one if the better technical write ups that I have come across. Kudos to the author Amy Arnott from Morningstar. +https://www.afr.com/companies/financial-services/cba-may-ask-struggling-customers-to-downsize-20200825-p55p0s + +Commonwealth Bank says its most over-leveraged borrowers – those whose prospects for returning to work after the coronavirus look the bleakest – could be encouraged to downsize the family home or sell multiple investment properties. + +Angus Sullivan, head of CBA's retail bank, reassured all struggling borrowers that it won't move too quickly to force them into making tough decisions, and it wants to maintain a close dialogue to understand the pressures on each customer. + +CBA has been conducting check-ins with 135,000 borrowers with deferred mortgage repayments and remains willing to extend loan deferrals, on a case-by-case basis, beyond the March expiry of the prudential regulator's leniency, Mr Sullivan said. + +But a subset of borrowers will require conversations about "alternative solution paths", he said, as CBA makes individual assessments about borrowers' prospects of returning to work. + +"If you had a lot of debt from [buying at the peak of the market] and you were in a difficult position from an employment perspective, [downsizing] would be exactly the type of solution that would be worth having a discussion about," he told The Australian Financial Review. + +Mr Sullivan acknowledged some owner-occupiers with mortgage repayments too big to service would need to consider selling and moving to a smaller home on a lower mortgage. + +The bank would carefully manage such conversations, he said. Of its deferred loans, 72 per cent of borrowers are owner-occupiers. + + If I can get one message to all CBA customers out there who have a mortgage and are under strain, it is: be in dialogue with us. + + — Angus Sullivan, head of CBA's retail bank + +"That is a hugely stressful thing for a family to go through. We can empathise with that at a personal level," he said. + +"We know most people don't make a decision like that quickly, they need quality and often repeated conversations to form the conclusion that is the best thing for them. We can support them through, and that is the reason we have geared up resources." + +With property investors representing 28 per cent of its deferred loans, Mr Sullivan said those with multiple investment properties who are "in a position of real [financial] strain", could be told that an extended deferral "might not be the best solution". + +The bank's message could be: "The property market is holding up pretty well, you may want to make the decision to liquidate one of your investment properties and put yourself on a stronger footing." + +Mr Sullivan said CBA will have more than 250,000 conversations with customers between now and the end of the year, when it expects the "majority" of those with paused repayments to have started paying something – even if it is just interest – compared with 25 per cent now. + +CBA's triage process after the recent earnings result showed deferred loan numbers are coming down. + +CBA has increased its hardship and collections team from 650 to 1700 people and is using better data tools to assess customer circumstances. More than 30 per cent of customers with deferred loans have less than 20 per cent equity in their property. +Tough conversations + +The hardest conversations will involve customers who have "really stretched themselves from a borrowing perspective, and that would most likely be folks who came into homes in the most recent cohorts, with property prices at their peak in 2017". + +"But if I can get one message to all CBA customers out there who have a mortgage and are under strain, it is: be in dialogue with us," Mr Sullivan said. + +"There are a range of solutions, it is not one-size-fits-all. We have a really good process to work with customers to work out what is the best path for them and us." + +CBA said at its full-year results on August 12 it considers 16,200 of its 135,000 home loan customers with paused repayments at "higher risk" of defaulting. + +The Australian Securities and Investments Commission said the following day that lenders’ processes should be "flexible and empower staff to offer tailored assistance that genuinely addresses the needs of the consumer". + +ASIC said it expects lenders "to make all reasonable efforts to work with consumers to keep them in their homes if that is in their best interests", while also recognising "there will likely be some circumstances where offering a consumer further temporary assistance may make their situation worse". + +Mr Sullivan said decisions made by CBA would not be motivated by additional capital the bank would need to hold for loans formally in "arrears", when the Australian Prudential Regulation Authority removes its special treatment at the end of March. + +"The capital treatment won't be a trigger for us to treat our customers differently," he said. + +At its full-year results, which showed mortgage lending growth at 1.3 times the average of competitors and record growth in deposits, CBA said it would encourage challenged customers to shift to fixed rate loans of 2.29 per cent and repay only interest. + +"That gives us quite a lot of scope to support customers to stay in their home, because even with the modest drops in rental yields ... you are not moving out of home and into a rented property and saving a lot of money," Mr Sullivan said. + +National Australia Bank chief executive Ross McEwan said on August 14 that NAB would also take "every reasonable step to keep people in homes, [but] we all know there will be some circumstances where people are better off selling up early and taking some equity out of their homes, or keeping some equity before it disappears, and that’s what we will work with every individual customer on". + +In Melbourne, Mr Sullivan said there had been a "modest" increase in CBA customers asking for loan deferrals, but the overall number was still falling as more borrowers around Australia got back on track. + +"I know what is happening in Melbourne is very hard for folks down there, and they are doing it tough, but what we are seeing from deferral requests is only a modest impact." +So, you probably groaned in your head when you read the title. Retirment planning is not something that you feel is something that deserves your attention because 'Hey, my career started quite recently! I have a long way to go before I start worrying about things like retirement, right?' + + +Wrong! Now I am not asking you to worry about it. But through this post, I will hopefully be able to teach you why you should do it whilst explaining the different options that you have out there. + + + +According to a MetLife India Insurance survey results published in 2008(kinda old but I doubt if much has changed), over 80% Indian employees have done no retirement planning independent of any mandatory government plans. For comparison, those numbers stood at 58%, 46% and 31% for Australia, US and the UK respectively. + + +In India, while almost three out of four employees (71%) say they are “concerned” about outliving retirement money, only one out of every three (35%) say they have taken steps to determine retirement needs; only 20% say they have done actual planning for retirement. + + +Personally, I think it's a cultural thing. My brother affectionately calls his first born as 'Retirement Plan A'. Our parents/uncles/aunts did support our grandparents in some way or the other. You probably already know that it's a bit of a struggle to support our own parents. It's rather easy to extrapolate that we shouldn't expect much from our children. I mean, I consider myself to be fairly 'well brought up' but when it comes to having the discipline to be regular in sending money back home, turns out, I am a selfish douchecanoe. And if there's one thing I've learnt on reddit, it's that I am 'not the only one'. + + +Combine this with the fact that our country's social security is system is kinda non-existent, you and your spouse(if you're into that) are going to have to be the ones who'll have to look after yourselves. You probably have a lot of other goals that you want to plan about (like buying a house or car or preparing for your children's education, or going on a world tour, etc) but most financial planners will agree that retirment planning should be your top most priority. + + +Thanks to the time value of money concept, the sooner you start, the better it will be. + + +TL;DR:- THOU SHALL PLAN FOR RETIREMENT OR THOU SHALL REPENT! + + +Like all my previous posts, I am going to assume that you are not a financially savvy person and am going to try and break it down for you. + + +**Question no.1 How can I know how much money I'll be needing post retirement?** + + +To be honest, there's no accurate answer to that question. You'll have to make a whole lot of assumptions not only about yourself but also about the state of the economy. But the lack of accuracy shouldn't put you off from doing what you can right now. As they say in /r/running, 'When you've just started, it doesn't matter how much distance you run, you're still doing better than the millions of guys who are just sitting on their couch.' + + +Okay, that might have been a little too dramatic, but you get the point. Moving on. + + +Visualise yourself at the time of your retirement. I know it's tough but just do it. What is your average day going to look like? Resist the temptation to wonder if they've invented Star Trek style transports. A good way of doing this is to look at your retired parents and grandparents. What are their lives like? My folks spend a whole lot on groceries, medical bills and people's weddings and funerals. They travel every couple of months to visit their children or host their visits. The question is, are they spending more money than they used to when they weren't retired or are they spending less money? + + +More often than not, you'll find that their expenses have actually reduced since their pre-retirement era. Simply because, they don't go out partying every weekend, they no longer need to spend on their children, they no longer think that over-priced coffee is the besht, they no longer feel the need to watch movies within the first week of it's release and so on and so forth. + + +But then again, this differs from person to person. Some people assume that their post retirement household living expenses will only be about 70%-80% of their pre-retirement household expenses. Not a bad assumption IMO. + + +So, going with this assumption, suppose you currently spend about Rs. 20,000/- per month on stuff like groceries and utilities, etc, assuming you'll only need 80% of your expenses, when you retire about 30 years from now, you'll be spending about Rs. 16,000/- only, right? + + +Wrong again! *"Accept certain inalienable truths...prices will rise, politicians will Philander, you too will get old, and when you do you'll fantasize that when you were young prices were reasonable, politicians were noble and children respected their elders."* (In case you are wondering why that sounds familiar, it's from the legendary song called Sunscreen by Baz Luhrmann) + + + +What I am trying to say is, you will have to factor in INFLATION^INFLATION^INFLATION^INFLATION. The amount of stuff you can buy for Rs.100/- today will be a lot less 30 years from now. Inflation Rate in India averaged 9.83 Percent from 2012 until 2014, reaching an all time high of 11.16 Percent in November of 2013 and a record low of 7.55 Percent in January of 2012. Ceteris Paribus, let us assume that over the next 30 years the average inflation rate is 8%, then, to maintain the same level of expenses of Rs. 20,000 per month, 30 years from now, you will need to spend about Rs. 2,00,000/- PER MONTH. (You can do the math yourself using the FV formula in MS Excel. *Rate* will be the expected annual inflation rate, *nper* will be the number of years left to your retirement, *PV* or present value will be your present expenses). + + +I am not sure what salary hikes are like in your industry/company, but for people like me who are in banking, if you are an average to above average performer, assuming you work continuously, chances are that your salary will rise in tandem with the inflation. In which case, you don't have to panic as much. People tend to shift jobs every few years and get an average hike of about 25% at every jump. This will hopefully keep your income above the inflation line. But let us assume that you are an average joe and that you won't be jumping around much. How the hell are you going to maintain your lifestyle once you are retired? Plan my friend. Plan! + + +You need to figure out your required retirement corpus and start building towards it. Assuming you have a life expectancy of 75 years, this corpus of yours should be able to support you for approximately 20 years past your retirement. + + +I hope I didn't scare you. Did I scare you? I did want to scare you but just a little bit. Relax people, there's a whole bunch of retirement planning products out there and your-friendly-neighbourhood-aspiring-financial-planner is going to break them down for you. Before we move on to that, if you want to further discuss exactly how to arrive at your retirement corpus, make posts explaining your specific scenarios. Use throwaways if you are uncomfortable with sharing your details. We'll discuss your case as a community. + + +**Question 2: What kind of retirement planning products are out there?** + + +In the interest of time and space, I am going to be very brief about each one of these. If you want further clarity on any of these, feel free to comment below or start a new thread. Also, I have left out the usual suspects like FDs, Mutual Funds, Insurance policies, etc. + + +Which of these products or a combination thereof are best suited for you is something you are going to have to figure out yourself. Preferably, in consultation with a professional. Also, make sure that you keep reviewing your choices periodically to ensure that they are in sync with your expectations. + + +Due to character restrictions and to facilitate future discussions, I am going to post each product as a separate comment. + + +P.S:- The rates and rules are as current as I could find, if you find that the information provided is incorrect/outdated, feel free to point them out. +A few weeks ago, I made a few attempts ([1](https://www.reddit.com/r/financialindependence/comments/dhr5kp/an_attempt_at_the_fire_flow_chart/), [2](https://www.reddit.com/r/financialindependence/comments/djd168/fire_flow_chart_second_revision/)) on making a new flow chart that is more aligned with this community. I learned a lot of valuable insights and also learned a few disturbing misinformed concepts that are floating out there. Hopefully, the amalgamation of information that I sent to them directly, through comments, or on the flow chart in Version 3.1 helps clarify some of those concepts. + +I'll be the first to admit that Version 3.1 is not the absolute perfect FIRE flowchart, but it is a, hopefully decent, start. My dream goal is to have it final enough to have it published in the FAQ, but I'll leave it to the community and moderators to discuss whether it is worthy to be placed in the FAQ. + +Feel free to review [Version 3.1](https://i.imgur.com/o18MmOP.jpg). The one item that I agreed from previous comments, but haven't had the time to tackle, is to organize it into sections with appropriate labels and colours. In future versions, this may be implemented. I'd be open to seeing what appropriate sections would be best. + +I also have it in my project roadmap to include appropriate references in the different colour-coded sections. For example, adding in the IRS Publications 502 in the HSA area/section to discuss what is considered a qualified medical/dental expense. I've debated whether I would link to popular FIRE websites but ultimately decided against that. I'd be open to hear for cases for and against this. +I am at a crossroads and interested in this subreddit's feedback and most specifically, from those who are/were in my situation. + +My job is both stressful *and* very interesting (like many of us) which is proving to be a double-edged sword. While I find the subject matter/industry to be extremely fascinating and complex (software API), the stress to perform and stay on top is exhausting and I'm unsure if I want to continue down this path. I do not think I would be able to match my current compensation (salary + equity + health coverage + other benefits) in a different industry or even a different team within the same company without going back to school for another degree. + +To give you a bit of information about me: + +* I am considered to be a high NW individual (\~$9M excluding home) +* One of those lucky enough to have a leg up due to parent's previous success (this is not the sole contributor to my wealth, but did give me access to investment opportunities early on. I am fully aware of the blessing here.) +* Working in the tech industry (non-developer) +* MCOL, USA +* Early 30s +* Married, no kids (yet) +* Wife is also working full time +* $140k/yr expense +* $0 debt (other than $350k mortgage) + +For those of you who ended up retiring in your 30s (or even *early* 40s), at what point and at what NW did you walk away? Were you fully satisfied calling it quits at such a young age? Did you have friends in your similar situation or did they all work full time? Did you totally retire from working or get a job in a completely different industry? Did you miss your job once you left? Did you move states or countries? How much passive income did you require to feel comfortable for the foreseeable future? + +Overall, I am hesitant to walk away as I know it would be difficult to get back to where I am now. But on the other hand, I would have much more time doing the things I "loved". I know Life is short and it's something that becomes more real as the years pass. + +If you had or are in a similar situation, I would be interested to hear your experiences. +The Evergrande Group is China's second-largest property developer by sales. making it the 152nd largest group in the world by revenue, according to the 2020 Fortune Global 500 List. **The Chinese real estate market has been on a tear for the last few decades, being valued at some measures up to** [**$52 Trillion**](https://www.wsj.com/articles/china-property-real-estate-boom-covid-pandemic-bubble-11594908517). [Lenders, deeply intertwined with the CCP](https://www.businessinsider.com/chinas-real-estate-bubble-is-going-to-bring-down-the-entire-world-2016-8), have blown past lending standards and started authorizing bad loans for developers, even for projects completely underwater, creating a housing bubble that supersedes even the 2008 financial crisis. + +&#x200B; + +https://preview.redd.it/ezfkbn4u06e71.jpg?width=960&format=pjpg&auto=webp&s=70e57a0f58df1a15b99b415324dd9b77daaeaeb9 + +&#x200B; + +https://preview.redd.it/pcws5h5v06e71.png?width=849&format=png&auto=webp&s=f33c7b7afd65798dc83a2bcd4bcb31800f43bc19 + +&#x200B; + +Developers took on massive amounts of debt to build “ghost cities”- [entire metropolises that remain uninhabited.](https://www.abc.net.au/news/2018-06-27/china-ghost-cities-show-growth-driven-by-debt/9912186) The Chinese government, desperate to continue the massive industrial growth the country has experienced over the last 30 years, pushed the developers to undertake these projects. Now, these projects stand to make near zero revenue, and the firms that funded them look to the developers to repay their debts. + +&#x200B; + +https://preview.redd.it/6nkusl3w06e71.png?width=617&format=png&auto=webp&s=59a03f932d51a6cff46d3a2d458f3843a8dd56f1 + +&#x200B; + +Evergrande’s shares, trading under ticker EGRNF, are now down over 60% in the last 6 months alone. Sofia Horta e Costa explains: + +The collapse in the valuation of the shares is a problem for a heavily indebted company with narrowing options for raising funds. It’s not just its own shares: subsidiary Evergrande Property Services has lost about $17 billion in value since its February high, while Evergrande New Energy Vehicle is down more than $60 billion in the period. Evergrande controls more than 60% of both firms. The value of Hengten Networks -- a Hong Kong-listed internet services provider in which Evergrande has a 38% stake -- has dropped about $15 billion. + +&#x200B; + +https://preview.redd.it/b88h60cx06e71.png?width=732&format=png&auto=webp&s=38342351ab8827c9161e6a04c255c3bde79a3ce5 + +&#x200B; + +T**he company’s access to freely available cash is also shrinking.** After the shares plunged 16% on Monday following the freezing of a bank deposit, a city in Hunan province halted sales at two of the company’s residential projects, alleging the developer didn’t properly handle funds. The suspension will last until Oct. 13 and Evergrande can’t use funds currently deposited in supervised bank accounts, according to a statement. + +A writer from ZeroHedge continues: “Some of its affiliates missed payments earlier this year, and **Caixin said authorities are probing Evergrande founder Hui Ka Yan's relationship with Shengjing Bank.** Evergrande holds a 36% stake in the bank, and Caixin said the bank lent up to $20 billion to Evergrande via direct and indirect channels." + +The reason why the company has been hammered is simple: as a result of Beijing's strict deleveraging demands targeting the housing developer sector (hoping to prevent a housing bubble), Evergrande's cash has been shrinking fast, and it's getting worse by the day as the company has entered a classical liquidity run (amid ongoing confusion whether Beijing will bail out the company in a worst case scenario). + +&#x200B; + +https://preview.redd.it/n22e8q9y06e71.jpg?width=1223&format=pjpg&auto=webp&s=0798ba6ea52612dc255b34b66f126b3c09c73f27 + +&#x200B; + +Things went from bad to worse last Wednesday, **when four of Hong Kong's top banks - HSBC Holdings Plc, Bank of China’s Hong Kong unit, Standard Chartered and Bank of East Asia - stopped providing mortgages to buyers of China Evergrande Group’s unfinished residential properties in Hong Kong,** the latest sign of dwindling confidence in the developer’s financial strength. + +The mortgage halt “**could be a fresh sign banks are protecting themselves as they’re increasingly worried about Evergrande**,” Bloomberg Intelligence analysts Daniel Fan and William Hau wrote in a note on Wednesday. The development may push Evergrande toward more “radical action,” such as selling a stake in itself to a state-owned Chinese company or pursuing more wide-ranging asset sales, the analysts wrote. + +As Bloomberg notes, the unusual move by the four Hong Kong mortgage lenders to act in unison underscores how dramatically perceptions of Evergrande have deteriorated in recent weeks. And it's not just the company's stock that is getting hammered: the company’s 2025 dollar note sank by about 6 cents on Wednesday to 49 cents on the dollar, an all time low, and suggesting investors are bracing for a potential default absent a Beijing bailout of course. + +&#x200B; + +https://preview.redd.it/lxsisnez06e71.jpg?width=990&format=pjpg&auto=webp&s=794d63f8455de12e3e7f947e33a6f548da446cff + +&#x200B; + +**An uncontrolled default by Evergrande - one where Beijing does not step in - would likely catastrophic repercussions for China’s financial system,** eroding confidence in other highly leveraged property companies, shadow lenders and potentially even some banks. + +Still, the status quo is unlikely to persist - officials from China’s top financial regulator told Evergrande founder Hui Ka Yan at the end of June that he should solve his company’s debt problems as quickly as possible, emphasizing the need to avoid major economic shocks. + +On Tuesday, the [Chinese stock market saw its worst two day plunge](https://www.bbc.com/news/business-57979857) since the 2008 financial crisis. The largest Chinese Stock ETF, iShares MSCI China ETF, trading under ticker MCHI, is on pace for it’s worst month in over a decade as the fund tumbled over 13%. [This was exacerbated by a continuing tech crackdown by the CCP. ](https://www.cnn.com/2021/07/27/investing/tencent-meituan-chinese-tech-stocks-intl-hnk/index.html) + +&#x200B; + +https://preview.redd.it/k60i4uy016e71.png?width=734&format=png&auto=webp&s=157c47413001ebf1285934bdee488f75021eb5a6 + +Chinese High Yield Bonds (Junk Bonds) have [also spiked higher](https://finance.yahoo.com/news/chinese-developer-woes-weighing-asia-041232843.html), reaching their highest levels in a year, [signaling growing investor concern about defaults.](https://www.wsj.com/articles/chinese-junk-bonds-flash-warning-signs-11624267802) (Remember, bond yields move inverse to prices, so higher yield=lower price). + +&#x200B; + +https://preview.redd.it/jje8805216e71.jpg?width=1200&format=pjpg&auto=webp&s=dca242bdac1f9fdc8a72c5f3023df9b2ec10f9ee + +&#x200B; + +https://preview.redd.it/bd13qcj9e6e71.jpg?width=1296&format=pjpg&auto=webp&s=a4e3c61a76d5facfc1c181cda142de83c0494fcf + +The Chinese Government has been aware of the development of this housing bubble for years now, and they are watching it [extremely closely](https://www.bloomberg.com/news/articles/2021-03-02/china-worried-about-bubbles-in-property-foreign-markets). China’s top banking regulator said he’s “very worried” about risks emerging from bubbles in global financial markets and the nation’s property sector, sparking fresh concerns about further tightening in the world’s second-biggest economy. +You heard it. Drake the pop star, rap icon and certified lover boy has placed his bet on the Los Angeles Rams to win the Super Bowl using bitcoin. + +He bet $600,000 Canadian dollars worth of bitcoin for the Rams to win including overtime. He bet $500,000 Canadian dollars worth of Bitcoin that Odell Beckham Jr. will have over 62.5 receiving yards. In total he bet over $1,500,000 Canadian dollars worth of Bitcoin for the Super Bowl. He has 102,000,000 followers on Instagram where he posted this 5 minutes ago. + +Bullish? I think yes. + An insane last few days for Evolution Token holders, this GEM has risen from a 60K market cap to nearly 2.5M in just under 2 days. + +Holders are growing like crazy and people are FOMOing into this real deal charity token that is truly evolving the game. + +Full transparency from the devs and a rock solid community of holders who believe in the vision. Even whales are on board and in Telegram ready to take this charity token to THE MOON. + +The chart for $EVO is looking great, we even had a sell off from a whale and the dip was EATEN beautifully. Perfect time to buy in. + +Every day $EVO is setting higher ATH's and lower lows. + +Don't miss your chance to be a part of history. Don't miss your chance to join the $Evolution. You always see these tokens moon and wish you could have owned it on day 1. This token is only a week old and has proven its here to STAY! + +⚡️ Tokenomics + +🌳 500T Max Supply + +🌳 200T+ Already BURNED + +🌳 10% Transaction Fee (Slippage @ 12) + +🌳 5% Reflections To Holders + +🌳 5% Added To LOCKED LP + +Evolution has a CoinGecko listing PENDING, and is already listed on CoinSniper and other listing sites. Contract audit is in the works, and should be coming as soon as possible! + +The team has also launched a huge banner ad campaign across Cryptocurrency websites and will also be working with TikTokers/YouTubers and other influencers to spread the coins Mission far and wide. The campaign will be running all weekend long as this Token hopes to reach its first goal of 1000 holders and make its first donation to plant trees! + +Why keep buying shitcoins, when you can own something real? Why miss your chance to be a part of the EVOLUTION! + +Website (re-design in process)- [https://www.evolutiontoken.com](https://www.evolutiontoken.com/) + +TG- EvolutionTokenBSC +Isnt this timing very interesting? Suisse being on knees literally days before T69/2xC35? + +What surprises me is the collapse of Archegos, collapsing on March 25, on GMEs run from $120-180. 180 is a fucking meme, we do it routinely, but they couldnt handle _that_. And then bags went to Suisse. + + +Now, Suisse is edging Lehman-level CDS and escalations just in last two days has been brutal as fuck. In one week its showtime, GME T69/2xC35, and Suisse is already down. + + +I think this timing is just so fortunate, being crass. This is speculative, of course (everything that involves the future is speculative, please no whine in thread to tell me that shit, everything related to investing is speculative), but could it be that CDS pump is related to Oct 10 expectations? This is implied from two simple facts that most interested people can figure out: A) Suisse hold Archegos bags and B) same dynamics that shut down Archegos should be in play in a week. Do people know something here? Many apes take so easily on daterinos and technicals now, that its easy to dismiss all of them - but what if what we are seing on Suisse now is actually the big pockets trusting DD (and historical data) on GME T69/2xC35? Im of course not implying that a T69 can do all the work on a bank as big as Suisse, but it may be that people expect it to be the final nail in the coffin. +The title says it all. I hope that this year is the last year I will be poor, not for me. When you live with little, it's hard to become materialistic. But I want to be able to take care of my mom. I remember her coming home from work to make dinner for me and my brother, then rushing out the door to go back to work. No one should have to live like that. I want to be able to not worry about either of us working so we can spend more time together. +And I hope that 2023 is the year that happens. +And it’s what makes them as defenseless as possible against the no move investor apes... they only buy????? + +Ok flash crash this bitch.... Sir we got no one to sell... + +50 percent gain? no sell... + +50 percent loss? no sell... + +Yo make it trade sideways for weeks maybe?? Nope, fuck they aren’t bored and still not selling? +Yup, Todd just went and checked they are just making memes and talking about Lambos and the good they wanna do with our money.. + + +so now they are cornered very angry 🌈🐻 + +That. Are. Still. Confused. + +As to why we don’t don’t sell. + +As to why each of us chooses a certain stock to hold so dearly, no matter what sort of dark wizardry going on. buy more and hold no matter what the price is not a known practice to these dicks.. + +I like the really red days cause that’s when they get frustrated cause it’s a “big dick” push em around move. but apes just giggle and click buy.... + +it literally has to be infuriating... the madness makes sense if you sit back and look kinda.. like if you’re still shorting you’re an insane egomaniac already but the apes have made your eye start to twitch uncontrollably... + + +You guys stay magical love you apes sorry for the shit post but I’m high. +Whitepaper used to be very important document of a Crypto project but with time some people brought a bad name to whitepaper and using it as a tool to steal people's money. + +People behind scam coin's using whitepaper to lure investors, mostly newcomers to invest their money into their scam coin, and when they got control over people's money then they pulled the rug and ran away with people's money. + +Satoshi released BTC's whitepaper to introduce what he has created, the purpose behind creating it and how BTC can be used. After BTC, whitepaper continues to hold a good reputation and investors look at it as a reliable document on which they can trust while putting their hard earned money. + +But with time the meaning and importance of whitepaper has changed and there are thousands of Coin's claiming to solve different problems, with different use cases in their respective whitepapers. + +Simply whitepaper turned into a list of promises less of achievements to make you believe and with the motive to take control of your money.Once the people behind a project have control of your money then the rules, promises can change any time. +There are hundreds of examples infront of you, where whitepaper claimed to achieve so many good things in future, but after taking your money, the whitepaper means nothing and the intentions,vision gets changed overnight. + +TL,DR : The meaning,importance of Whitepaper is no longer the same which is supposed to be back then. +I’m very new to real estate investing and need some advice. I purchased a condo a few years back (owner occupied), I have moved out and converted the condo to a rental last year. The value of the condo has appreciated ~25K. + +1. If I set-up an LLC for the rental property, are there any tax implications on the amount that has appreciated? + +2. The mortgage on the rental is from Wells Fargo. Does anyone have experience dealing with them in terms of transferring mortgage to an LLC? If so, was it a painful/painless process? + +3. How would this affect my rental insurance rate? + +4. While it seems pretty easy to setup an LLC myself, would you recommend working with a lawyer for this process? Any specific recommendations on lawyers to use? + +Thank you! +I went into the r/wallstreetsilver subreddit and analyzed comments and posts. I found that 80% of them came from accounts mostly created in the last 2 days. Pretty suspect.. who do these people really work for?! + +I also spent 3 hours of my life going through each post and calling them out on their new accounts. + +Stick to the gameplan, we can focus on silver after. + +Positions: none. My GME covered call got assigned at $14 back at the end of December. Fml. +Are there any officers here planning on FIRE’ing from the military? If so: +- what’s your rank? +- what’s your savings rate? +-what’s your net worth? +- what’s your plan after retirement? (civilian jobs etc) + + +FAFSA says I don’t meet requirements for any financial aid, as my “Expected Family Contribution” is $37,000. Where does this number come from? I was fortunate to be allowed to borrow an old 1990s car for school (that I’m grateful for), but that’s far from $40,000. + +Edit: Spelling +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! + +Is there any way where I can invest in an ESG index through an ETF? + Also I hardly see ESG indexes by nifty outperforming the broader stock index(ie nifty 50 etc) +So what is all the hype about? +TL;DR Current lows in prices of ETH can be seen as below average for the current network usage. And the 360 USD low is the lowest below average for the current usage which could indicate the bottom. + +ETH is an utility token and without going into Store of Value debate I think it's best we keep an eye on the actual usage of the network vs. price. +There have been very informative posts exploring number of new addresses vs. price, which I think are important, but we can argue that the new addresses are pure speculators (which is certainly false) and may not represent best picture. +Trying to get a different perspective I've spent a few minutes looking at correlations between network stats on [etherchain](https://www.etherchain.org/correlations) (which I recommend btw) to see how "average gas used" metric compares against market cap. Why? I've noticed that the number of transactions is quite low as compared to [ATH times](https://etherscan.io/chart/tx), but gas used - [not so much](https://etherscan.io/chart/gasused). I guess we can think of average gas used as a proxy for elaborate network usecases (i.e. more gas = more computations on the net => more usage and more sophistication). Again this is just an assumption but it makes sense in layman terms. + +Looks like the network is maturing beyond simple ERC20 token transfer given we have increasing number of working dapps. +Anyhow if we look at this plot of market cap vs. avg gas as presented on this pic [here](https://imgur.com/a/vWmg7) (Apr 6 bottom marked with an arrow) we can see that it is pretty much the lowest market cap for this range of avg gas values. To me this looks kind of bullish: network works a lot but market doesn't care a lot, meaning it should soon (weeks not months). The rough centre of the scatter for present avg gas is around 50-55B market cap. I guess this can be seen as avg historical fair mcap given the network use, This translates into a rough ETH price range of 500-550. + +All of this is pretty crude calculation and should not be relied upon as a trading signal, although my guess is that it can be used as value signal after more rigorous research is done. The main idea of this post is to encourage people to look at network properties to see Ethereum making progress not only on test nets and dev standups, but in production as well. You can reproduce this simple investigation yourself and maybe share a few thoughts. +We come back again this week for a new edition of the Terrible Token Tuesdays. We have some really terrible ICO pitches to show you, hoping that you will be relieved to SOMO (Satisfaction Of Missing Out) on those. + +[Petro](https://concourseq.io/Q/Petro) The team does not understand how blockchains work and offers no coherent argument for how Petros are backed by oil. + +[Lendroid](https://concourseq.io/Q/Lendroid) (ICO active) -The founder, Vignesh Sundaresan, has been accused of being the creator of a scam called coins-e.com. No Publicly available Github to show for the alleged smart-contracts that will handle the funds custody. + +[Hybrid Betting](https://concourseq.io/Q/Hybrid_Betting) - The founder Emanuele Frisa seems to also be working as a mountain chalet host, which is a weird occupation for someone trying to revolutionise the betting industry! He also fails to mention that on his Linked-IN (maybe a throwaway account) which has 7 contacts and no endorsements. + +[Wikibits](https://concourseq.io/Q/Wikibits) - Significant Lack of Experienced Team Members, and registering for the Alpha Portal requires user to input their Ethereum Wallet address. Doing so to view the MVP is ridiculous! + +[Krops](https://concourseq.io/Q/Krops) - Company was delisted on stock exchanges and is attempting to distribute tokens to shareholders, which is most likely illegal! ICO is in fact under investigations from the SEC. + +[Infinitum Coin](https://concourseq.io/Q/Infinitum_Coin) (ICO active)- No team, no MVP or Github. Supposedly trying to merge Virtual and physical worlds, it is not clear to us what is the purpose of this project if there is one. + +[AIOM](https://concourseq.io/Q/AIOM) Buzzword salad of Medical, AI, Blockchain and Voodoo Healing. Lots of spelling mistakes and a team of 3 with no experience in the medical field trying to revolutionize it. + +The ConcourseQ team would like to thank M1tzu_79, Skadoosh1, Deez Central Eyes, dvnielng, kerogers, ogcurious, Th3r21ndr0p and all the community for their contributions. + +(all links are to CQ DD pages) +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! + +Hi Fellow Apes 🦍🦍🦍 + +This could be the best confirmation we have for the **April 20 recall** and that an official **message will go out to shareholders on April 15!** + +Vanguard confirmed in message to u/trollwallstreet when they asked about if their shares are being lent out (no, because it is not a margin account) and about voting. + +Looks like the next week is going to be fun! 🚀🚀🚀 + +**Full credit to** u/trollwallstreet **for this letter from Vanguard. They gave me permission to post a DD about it on their behalf.** + +Good Comment by u/Josh91-121: + +>company does not issue a recall. GME will file a 14a with the SEC that indicates a “record date”. Based on the OP’s info, it looks like the filing is expected 4/15, with a record date of 4/20. Shareholders are then the ones responsible for ensuring that their shares are not on loan as of 4/20. + +&#x200B; + +https://preview.redd.it/djuo512sgrs61.png?width=822&format=png&auto=webp&s=384c2445902eea3b7a7731c77efa794fde8c98f1 +**Discovering FIRE** + +I found this subreddit circa 2011-early 2012, mid-way through college, and I’ve hung around here with sometimes-changing usernames ever since. Today I wanted to add my story to the sub in case it benefits anyone else. + +In my college days, I saw graduating and joining the corporate world for [insert majority of your life here] as a daunting and depressing thought. That was my original motivation. Following MMM’s blog which had just blown up, I schemed that upon graduation, if I saved up about $300k over a 5 or 6-ish year period, that would provide a 4%-rule withdrawal of $12k per year, which could be enough for me to be LeanFI (vlcol). But “to be safe” I would maybe go as far as saving $500k, depending on how long I could tolerate working. That would give $20k/yr in 4%-rule withdrawals, which seemed an excessively high amount for me. I don’t believe those numbers anymore; Today my opinions on that have changed. + +**Starting Point** + +Fortunately, in 2014, thanks to a combo of scholarships and family, I was able to get through school debt free with my masters in accounting, and an internship before my last year of school even allowed me to graduate with about +$5k cash to my name (netted to nothing due to ~5k car debt). Starting from zero was a massive benefit in starting balance compared to most of my peers who graduated with debt, and I realize how fortunate that is. + +**Working Years** + +I worked the first few years as a CPA and after that transitioned into a finance role. Over the last 7 years, I’ve averaged $69k/yr in post-tax income ($80k pre-tax) and a ~65% savings rate on that number. + + + +Year | Starting NW | Ending NW | Post-Tax Income | SR % +---|---|----|----|---- +2014 | 500 | 12129 | 19,010 | 73% +2015 | 12,129 | 53,801 | 44,233 | 62% +2016 | 53,801 | 103,848| 57,551 | 61% +2017 | 103,848 | 154,515 | 54,532 | 74% +2018 | 154,515 | 187,135 | 61,239 | 55% +2019 | 187,135 | 271,493 | 71,635 | 60% +2020 | 271,493 | 404,115| 103,070 | 70% +1H 2021 | 404,115 | 500,000 | 108k (~54k YTD) | ~70% + +The last three years expenses have been $27k->$28k->$29k. There was a step up in 2018 which was then alleviated by raises at work. + +Rent-wise, I lived at home the first 4-5 months (2014), then got my own place for $425/mo in a rough part of town. Years 2-4 my rent was about $650/mo in smaller place but nicer area. The last three years I’ve lived with my SO and our combined rent is $2100, and I pay majority of that (in 2021 I’ve paid all of it). This has been the main source of expense creep for me – my expenses have been pretty flat otherwise. + +**Where am I today** + +With today’s market close and paycheck, I’ve hit a personal milestone at $500k in networth, entirely in investments/cash, although I suppose my car and other ‘stuff’ is worth another 10k+ or so if I included it (I don’t). I see myself as nearly FI assuming continuation of the same lifestyle I’ve been living. + +I feel the need to disclaim that none of this was the result of crypto or any other one-off situation/windfall, other than a $10k inheritance I received in 2016, which I included as income above. This has all been the boring route of saving + S&P 500 index investing, with a few individual stocks thrown in (BRK.B being the main one, and recently a few other minor dabbles) which have in aggregate under-performed the S&P 500. Warren B has sadly not beaten the index for me. + +Current assets: + +* S&P 500 Index: 73.0% + +* BRK.B: 12.5% (Accumulated in 2014-2015 in taxable account) + +* Amazon: 8.3% (A recent add late last year) + +* Cash: 6.2% (Down payment for a house next month) + +**Do you feel like you sacrificed/deprived yourself to do this?** + +I’ve never felt that way. I did basically everything I wanted to do during this time including eating out most days, traveling very frequently (almost all on CC churning points), etc. My expenses may appear surprisingly/miserably low to a lot of people here who live on the coasts, because I live in a very low cost of living area in the midwest. For example, COL calculators say to scale up my #s by 40% to get Chicago equivalent, or by 190% to get Manhattan equivalent. I’m actually moving next month to somewhere even cheaper for lifestyle reasons. + +I mentioned my lower rent earlier - Couple that with a paid off used car, and hobbies that are mostly video games/biking/weightlifting/reading, and you don’t have many expenses, even with eating out. This is one thing that has been relatively consistent for me since the start: I’m naturally a laid back minimalist, and my happiness doesn’t correlate much with spending. A good day for me in my 20s was video games + takeout food + biking or lifting. + + +But, some of this changing with age. + +**Looking forward - what next?** + +A 55 year old version of myself travels back in time to visit 30 year old me. + +Senior: *Hiya kid how you doing?* + +Current: *Saving for FI, nevermind that, how are you doing?* + +Senior: *Rich, very rich* + +Current: *Ah it worked, the high savings rate pays off!* + +Senior: *I am worth millions – and you are still trying to pad my bank account a little more? Come on, think about it, look after your present self – don’t sacrifice your youth to help out some middle-aged millionaire.* + +Current: *Wait, before you go, have you got any tips?* + +Senior: *Sure – same as if you ask any 50-something guy what he should have done in his younger years* + +Current: *And that is?* + +Senior: *Live a little.* + + +My nest egg goal the last few years has shifted to $1m, and my drive to reach it has decreased. I project $1m will take 4-5 years from here, even accounting for relaxing the gas pedal. My career has gotten progressively more enjoyable as I’ve moved up, so I don’t have as much inner motivation to quit cold turkey anymore – at least for now. I'm wary that can change. + +I expect between now and $1m I will get a house, get married, have kid(s). Those things may inflate my already-inflated goal. + +Existentially I think my focus is increasingly turning more to the non-financial. I don’t fully know what that looks like from where I stand now. I may take a gap year(s) to try on FIRE in my mid-30s, to try out the other side for a stretch once I have ‘enough’. Probably primarily to be a stay-at-home-dad and raise my kid(s) as well as possible during their most formative years. Or balance with some sort of in-between, more relaxed work-from-home type role. Similar to how the sub has evolved over the last several years compared to early days, like a growing proportion of you, I don’t subscribe as hard to the 100% work or 100% no-work dichotomy anymore… although if I had to pick, the latter is still preferable! + +**What would you do differently?** + +1. On balance, accounting is a pretty decent, safe and stable career path. But the compensation in this field is very backloaded onto the late years that are at least 10 or 15 years in (partner, CFO, etc). I started at a Big 4 Accounting Firm for $50k/yr, and ~15 years in to that career you can be making $300k-$1M/yr if you sell your soul right. But you start pretty low - you don’t hit 100k in my city until 5-7 years in of busting your ass. This does not really line up optimally with the idea of getting in-and-out in 10 years or less (or even 5 as I had first planned). + +* Fields with higher starting salaries seem better suited, like engineering, certain trades, pharmacy, or of course tech, although every career has its cons too (e.g. pharmacy). + +* However, my accounting/finance background did help equip me to think through my personal finances, so there’s some non-salary related benefits there too, and it’s also well suited to transitioning into relaxed part-time or gig work if I want that when I’m older. + +* If anyone younger than me is reading this – Big 4 auditing/accounting is also becoming a more commoditized, margin-compressed, automated trade, so I think it will be a progressively less desirable path for you than it was for me. + +2. I would have taken a little more risk in my investing. That’s easy to say with hindsight after a bull market, but in general I think that there’s something to be said for temporal-shifting some of your equity risk from later in life (where a dip near or after your retirement date could mean years more of working) to earlier in life, by running a more risky or even slightly leveraged portfolio in your early years. Think 100% stocks/0% bonds -> 125% stocks/0% bonds (or just slightly more risky stocks). Or even real estate. + +* This could be applied to career choices too, but for me personally I don’t know what different career I would have been suited to, and I didn’t when I was younger either. + + +That's it; thank you for letting me share - and thank you to all who I've learned from over the years here. +This will be down voted by some delusional apes, but I honesty don't care. + +What stock: $GME (GameStop) +- Entry: 300$ +- Exit: 90$ +- Why did I buy it: Honestly, it was fear of missing out, laziness, and irrational dreams. +- What did I learn: Do your own due diligence, avoid echo chambers, think about your trade in a calm environment where you can drum up your logical faculty and most importantly: recognize FOMO. + +I only lost 2k, so it doesn't really hurt me. It's extremely bitter, but definitely a lesson that I won't forget: Never again will I follow the mass so blindly. +Obviously without selling their stocks or any sort of investments. The guy is a professional that works for a finance company local to them. Can i just call Vanguard and set up a transfer from broker to broker or do we have to fire that guy and get him to move the money somewhere else first or what? +Hello, + +I'm just trying to do some finincial planning for 2023 and according to my budget, I will have about $1000 left at the end of each month. Given the talk of a recession, would I better to use this money to pay extra off my home loan rahter than buy more EFT's (Vanguard)? + +I will already be adding money to my savings account and think I have all the other bases covered in term of expenses. + +Thanks + +Edit: Thanks for all the advice, I think I will focus on the mortgage for the year +I'm (21M) moving out to an apartment, but Idk how much rent I should be aiming for. I just got a new job, so it's hard for me to estimate how much exactly I'll be making, but according to the documents I was given, it should be around $34k (it's hard to guesstimate because it's technically two positions and I have to different pay rates). + +My mom said she wants me out on 3 months. I'm not sure how serious she is, but regardless, I'd like to be moved out in 3 months. What's the best way to go about this? I'll need to pay for rent, food, and other normal things which I'm not used to paying for. So I just want some advice to know what a good course of action is. + +I read that 30% of monthly earnings for rent is a good way to go. Is this accurate? That would be about $840 I think, but like I said early, it's two different jobs, so I don't know if I'd get the full amount, since it would mean working 92hr/pp and my first two weeks add up to 80hrs, but they are also training so I'm not sure if it's scalable or not. I'm just looking for some guidelines or resources to follow and get me on the right financial path + +Should I apply for apartments as soon as I get my check? Should I save up the whole first month? How long does it take to get approved for an apartment? My credit score is like 680 because I just got a credit card last July if that matters. Should I make a budget? + +Edit: fyi, I don't live in a HCOL area or a big city like NYC or LA. My wage is pretty good in the area I live +So my tuition needs this summer are $3K, bank said they can give me up to $8.5K, fixed interest at 12.5%, deferred payments until I graduate. + +I’m graduating in computer science, currently intern at $20 an hour. + +I’d really like the $5K as cushion money, as well as, the last semester, (graduating this December), I don’t intend to work and just focusing on school. + +I have $2.5 K in savings, living with parents, rent $2-300 USD for the summer. + +Should I just continue saving from my internship, or take the loan money as an extra cushion? + +Idk, I’d really like the peace of mind knowing I can relax and focus on my studies. But also don’t want to f myself after school paying these loans off + +Edit: Thank you for the harsh love everyone, I will not be signing the loan. + +Instead, I opened a Amex credit card, 12 months 0% intro APR, and hey, I get $350 back for paying my loans. This is more sensical, thank you everyone +When the market crashed in 2008 there was a thread started by “sheepdog” on his reactions and actions in the crash. I think it is really instructive to read the thread. + +If you don’t want to read all the way through read the first part then jump to the third page where people posting in 2016 reflect back. + + +https://www.bogleheads.org/forum/viewtopic.php?t=25126 +Hi guys, + +Absolute beginner here. + +I recently moved to Luxembourg and i'm looking to do some passive investing- the most basic type of thing, invest a lump sum of 5k into an index fund and proceed to add 100EUR on a monthly basis. + +I went to see a financial advisor at BNP Paribas yesterday and they suggested this accumulating ETF: **BNP Paribas Easy S&P 500 UCITS ETF EUR** ([https://www.justetf.com/en/etf-profile.html?isin=FR0011550185](https://www.justetf.com/en/etf-profile.html?isin=FR0011550185)). From what i understood this ETF tracks the S&P 500 and replicates its performance synthetically with a swap. + +The problem is that i will have to pay a 30EUR transaction fee if i opt for a dollar cost averaging strategy. So i thought of dropping the whole idea of putting in 100EUR a month into the fund and ill just invest 1200 every year as a lump sum. I was wondering if this is a good strategy and if anybody can indicate if this ETF is any good in the first place? + +Alternatively, is there any way to bypass the transaction fees? I am aware of online brokerage platforms like IB but im not sure how safe it would be to go through IB for someone planning to invest long term (at least 20 years). + +Many, many thanks for considering these questions. +Hi, + +I'm italian but living in Poland. Recently I've been given 55000€ from my family as an advanced part of my inheritance. Possibly within this year I am going to receive around 40000€ more after selling an old apartment in my old town of birth. Nothing is settled at the moment but it should be in a few months. + +Currently I have a stable job that allows me to put aside around 200€ per month. Sometimes less, of course. I am getting paid in local zloty of course so if I wanted to invest in Poland there is the issue of converting the eur first. In any case, I'm fed up of paying half of what I earn in rent so ideally I would buy an apartment for getting free of renting costs, possibly this very year. + +Problem is: to buy a sizable apartment for me and my girlfriend, I would need 500000-600000PLN, which are around 120000€. More than I will ever get from family and selling the old apartment back in Italy. I'm thinking of 2 options: + +1) buy an apartment big enough to move in and occasionally either rent it to another family (there is a huge demand for such kind of apartments so finding someone won't be hard) or via airbnb. That would allow me to pay off the mortgage before infinity (10-12 years perhaps). This would be an all in as I would have to spend all the 55000€ + the eur of the old apartment in Italy + 20-30000€ in mortgage. + +2) wait to get more funds first, save a little bit more each month and invest somewhere. I'm a total newbie in investments so here I ask for your help. Banks don't give me much (1-1,5% at most in Poland, 0,3% in Italy) but perhaps for a short term investment it is fine (1-1,5 years). I've read about ETF and Degiro but what is the return? Worth over a savings account in a bank for 1 year? + +&#x200B; + +Thanks for reading. I'm open to other suggestions too of course :) +Let me preface by saying I'm very new to the whole loans thing and finance management in this context. I'm also not sure I got the English technical terms correct, so please take my post with a grain of salt. + +Currently, I'm living in a flat in Warsaw with my SO - the flat is her own. We'd like to buy a house (elsewhere) that's currently being built by a developer and should be ready for finishing works (painting, furniture etc.) by May 2023. + +My reasoning was as follows - recently (past couple of years) there seemed to be a popular notion among my peers that if You can afford it, it's better not to sell a flat but instead to get a mortgage. This seemed fine for me, since a) in the end, You have two houses and this is always good because real estate is always a good investment b) You can rent out your previous flat and put your earned money into partially paying down mortgage c) if You run into money trouble later in life, You can rather easily sell the flat and use that cash for the pressing matters OR pay down the remaining mortgage at once. + +House is 900k, so after including finishing works, furniture and stuff we'd probably need roughly 1.1 mln PLN in total (that's just guesswork for now though). If we were to sell the flat, use most of our savings and borrow from our parents, we could probably reach that in cash. + +We've yet to meet with a mortgage advisor, but I have fiddled with some online calculators and there's just something I don't understand: how can it possibly be better to pay a total of e.g. 2.4 mln PLN (i.e. twice as much) instead of selling the flat and buying with cash? This seems completely counterintuitive for me - like, I have a flat worth 600k and a house worth 1mln but I paid almost 3mln overall vs I sold the flat and have a house worth 1mln and I paid 1mln. + +Could You please help me understand why is it (or not anymore) a good deal? + +As for the aforementioned mortgage advisor, I plan to ask them a similar question, but I kind of doubt they can give an unbiased answer since their job objective is after all to make people get mortgages. Hence, I'm asking You for an unbiased advice - should we get a mortgage, or sell the flat and buy with cash? +Wife and I are married, 30 yo with two kids under two. 145k combined before tax living in suburbs of Atlanta. My round trip commute is 2 hours per day (44 miles round trip). The wife currently works from home office. I will be in graduate school while working for the next 3-5 years depending on pace, tuition is covered by my employer. + +We have a pid off house worth ~250k which we just paid off. We own two cars outright, no student loans, no other debt. Moderate but not agressive 401k contributions. We've been lucky, diligent and we've deferred rewarding ourselves. + +Our caluations show that we can now throw off $5,000 per month after taxes and expenses. + +What do we do? Do we pursue comfort and buy the nicer things in life but limit our potential? Or do we pursue empire, where we maintain our current spending habits, invest aggressively for the next 10 years, to taste great victory or grave defeat? + +Comfort: Nicer house, closer to town. Walkble to public transit, reieves significant stress of commute, closer to economic center, become a one car family. Very close to grandparents (intangible) though they aren't far away to begin with. Grandparents reduce the expected cost of child care but hard to predict a reliable number. On the high side this house costs $600k. To further round against myself assume 200k from sale of current house, 400k mortgage. A 15 yr loan would yield a ~1000k per month surplus. + +Empire: Agressively invest with the goal of creating enough cashflow to not have to work anymore. Investment vehicle TBD. Assumptions is that we would continue to live as ascetic monks, and possibly the investments would require some amount of additional brain space and labor over the time period. This would be adventure as much as finance, what can we make of ourselves? + +"Conan, what is best in life? Conan: To crush your enemies, see them driven before you, and to hear the lamentations of their women! " + +Hey everyone, + +I rent out my house and recently ordered an appraisal from my mortgage company so I can remove PMI due to appreciation in house value. + +The appraisal was done on Tuesday and today the appraiser emailed me and asked “are the residents of the property your renters?” + +Can anyone give me some insight into why that question would be relevant and what kind of impact that may have if I say yes? + +Thanks for your help. +I recently just bought a place and rented it out for 2200. My mortgage, insurance, and taxes comes to 1400 after everything is put together. + +I am unable to obtain another traditional mortgage due to the current debt to income ratio. Can anyone share their experiences with attempting to purchase another home early in the real estate grind? I know I can apply for private loans and hard money lenders but I am just unsure in how the process works. TIA +Let's say hypothetically that on July 1 2020 the planet's food productivity instantly decreased by 25% while our population increased by 25%. Return to status quo after 20 years, with food productivity scaled to meet population. What sorts of investments would you be looking at? + +For example, would having an agricultural ETF be good because demand has drastically increased, or bad because productivity has drastically decreased? Or both? + +What ways could you protect yourself from unknown government responses to the crisis? +It's getting annoying when people post screen shots of markets "bleeding red" only to actually look at the picture and everything is only down .5-1%..... or now with the Chinese markets..... at the time of posting, they're barely red and I'm already seeing posts about it. Chill tf out, you look like a bunch of spazzes. +Hello. Does anyone have any good tips on resources on how to judge different p/e ratios across different industries and on the value-growth axis? For example, what is an acceptable p/e when one looks at a growth company? How high can it be and still be a good buy from a value perspective? + +Example, I am looking in to Salesforce, and i believe it could be a decent buy, but p/e is at around 53-54.. +In the middle of a book club working on Phil Town's Rule 1 and wondering if there are any other Rule 1 fans, thoughts on his process. I personally find it incredibly helpful. Any other book recommendations? +What are the strategies that separate out good vs. great investors? If everyone wants to make superior returns, what are the reasons for why someone doesn’t vs. someone that can do it consistently? + +I feel like this community is the best-suited to answer and any further reading on the subject that y’all have come across would be very appreciated. +I’ve used Graham’s formula, DCF, Peter Lynch’s fair price, etc., but they rarely come close. Also, growth companies with a negative EPS, don’t work with these methods. +As per the title, I'm seeking to compare returns over a few decades from buying, managing, renting and potentially selling real estate properties VS buying shares in a real estate company like Brookfield Property Partners $BPY which pretty much handles all of the above and pays you dividends at the end of the day.. Opinions? Experience? all welcome +I am very confused on what are family offices for. Originally, I thought that it was a way to structure wealth in a particular way for tax efficiency, however speaking to some field experts, they are mostly set-up for family governance (which I dont really understand what it means). + +Why would someone set up a family office for portfolio management? +Hi everyone, + +Due to my current financial situation i feel like i need another job to survive and save something for my future. + +I have a 40hours day job (in a travel agency) and on nights i would work in a warehouse, again for 40 hours a week. + +Both jobs time schedules are different and are also 2 completely different sectors, so in that matter i am not doing anything illegal. + +My questions are: + +1) It’s allowed to work 80hrs a week? + +2) Do i need to tell any of the 2 employees that i have another full time job due to taxes etc.? I am allowed from both sides to another job but would prefer to not tell any of the 2 employers regarding my other job as this will cause unnecessary concerns. + + +3. (Yes, i am desperate) Is there any training or course, online preferably i can take and able to find i a job one day which can pay me a yearly salary of around 40-50k? +Here is my original post, which is getting downvoted hard--I'm guessing by shills who want apes to be disappointed when nothing happens today, or even this week. Here's the OP: + +[https://www.reddit.com/r/Superstonk/comments/mut21d/vanguard\_told\_me\_proxy\_materials\_will\_be\_sent\_out/](https://www.reddit.com/r/Superstonk/comments/mut21d/vanguard_told_me_proxy_materials_will_be_sent_out/) + +**SUMMARY of OP:** I emailed Vanguard last Friday asking why I hadn't received my proxy letter for $GME. A screen shot of their response, which I received today, is included in the orginal post. They are sending out proxy materials the first week of May. + +This seems to line up with the great DD u/c-digs wrote yesterday, posing the question of whether or not the whales are waiting for SEC OCC 2021 004 to pass before recalling shares. This ape doesn't know anything for sure, but the ducks are lining up. + +I know it's hard to wait for the MOASS, but if there's one thing apes are good at it's HODLING. (And, of course, buying the dip.) + +In the comments section of the first post u/kcaazar wrote "Im thinking the MOASS won’t happen until close to 6/9 because shorties have until 10 days prior to proxy vote date to return said shares. But someone correct me or confirm me." Does someone know if this is correct? That would also be good information for tempering expectations. + +**EDIT 1:** u/Godibraku responded via the original post to this last quesiton with, "you´re wrong. + +Gamestop can send out the Proxy max. 60 days prior to the meeting but the latest it can be announed is 10 days before the meeting. I think thats what youre talking about. + +But thats on Gamestop not die Hedgefuks" + +**EDIT 2:** u/Kefzteo seems to understand this process better than I and answered a similar question to the one I wrote below on another post. His answer reads: + +"Nope, record date is established in Dec/Jan together with proxy release date, and annual shareholders' meeting date. The record date NEEDS to be before the proxy statement and voting information is released to the public, since GameStop (and the brokers holding the shares on behalf of apes) would need to know WHO to send this information to. This record date has ALREADY been filed with the NYSE (as required by the exchange), but we do not get access to that information other than asking our brokers. GameStop COULD reschedule the record date, but they'd again need to file with the NYSE who disseminates that info to the brokers and custodians." + +**QUESTION: Would institutions need to have recalled their shares by 4/15 to have them "in their possession" to vote? Someone brought that up in the comments but I'm a dumb ape who eats crayons for breakfast. I thought Vanguard sending proxy info in May meant shares wouldn't need to be recalled until then, but am I misunderstanding the significance?** +I posted this on the daily discussion, but since I figured it would soon get buried, I copy/pasta'd this for everyone to read here as its own thread. Please feel free to leave some other feedback/tips for our new /ethtrader friends to read. I imagine there are a lot of new faces in this space lately & I want us all to work together & succeed. + +So as a relatively new comer to ETH (started getting interested only 3 months ago) there are some really important tips I want to address with all the newcomers to the crypto world as well as Ethereum specifically that I have learned. + + +After the heavy influx of new people joining the investment into Ethereum/the technology of Ethereum, you can imagine that whales (the individuals who have acquired large amounts of ETH, for reference we can say something along the lines of 10,000+ ETH or even just several thousand). These "whales" can easily sell a large quantity of ETH (whether all at once, or periodically over the next few hours) to break the price down lower and lower. This causes the weak hands (those who seem to imagine that investments only occur in straight lines upwards forever) to consequently fold and sell their ETH. This sets a cascading amount of sell orders by new people, weak hands, and people who are convinced that we're crashing/have stop loss orders set. It is and has been way too easy currently to take advantage of people like this by instilling panic and FUD (fear, uncertainty, doubt) so remember the next few tips when this happens in the future. + + +Take a deep breath & zoom out of the price charts. After our violent trend upwards from $88 to a high of $184 in a VERY short amount of time, a correction was bound to occur anyway. To think otherwise is immature and ignorant. The price swings are only going to get more volatile and violent as the price of Ether rises. Gone are the days were a $2 or $10 difference is a huge dip or a imminent dump. There will be more volatility in both directions, upwards and downwards. It is not unusual to see our older brother Bitcoin on bad/good days sees differences in several hundred $. So step back, don't panic, do some research. Did a black swan event occur? Did Vitalik get hit by a lambo and is in critical condition in the hospital (God forbid btw) +Next time, when it hits a nerve-wracking amount for you - just keep watching the charts for the bounce. Imagine you sold at the very bottom, only for it to immediately jump back up a large % upwards, would you FOMO back in and buy back at a great loss? Or would it have been best to just HOLD and take a step away from the computer. Research and see if anything has changed, our tightly knit subreddit has shown that we all reconvene here to share info, news, and updates - so here is a good place to see if something terrible happened. + + +In short.. learn to be greedy when others are fearful, and fearful when others are greedy. & NEVER EVER invest more than you are willing to lose. We are here for you in the euphoria upwards, and we are here for you in the despair downwards. This is why our community is one of the best in Crypto. + +p.s. - at the time of writing this, we have went from $88 to $184 in 3.5 days, after our first day of Consensus 2017, we reached an ATH of approx $184, and pulled back down to the mid $130 range, only to within the next hour or two reclimb back up to $175. +**Historical Post Earnings Moves MEGA Compilation and Analysis (Q2 Week 3) - $TSLA, $AAPL, $AMZN, $MSFT, $GOOG, $FB, $AMD, and More** + +&nbsp; + +What's poppin' bull gang, I hope you made some awesome money last week! The spreadsheet was spot on for nearly every company, and all of my plays came to fruition! **$MT and $X ended up bagging us anywhere from 300% to 500%, $JETS gave us 1100%, and $SNAP netted us 250% on our strangles and nearly 600% on binary options!** I’m looking to keep this momentum going throughout this week as well, and with all of FAAMG (I kicked $NFLX out for $MSFT after their disgraceful earnings) set to report, this week could prove to be more lucrative than the last! We’ve got a large variety of trades we can make this week ranging from educated gambles, to good old fashioned theta plays. We’ve even have a couple of opportunities to sprinkle in some collateral plays if we wish! Let’s get into it! + +&nbsp; + +--- + +#The Spreadsheet +To aid us in planning our trades this week, [**I've compiled a spreadsheet consisting of all of the Historical Post Earnings Moves of EVERY stock reporting earnings this week**](https://docs.google.com/spreadsheets/d/1-xx9rsQ4_0LhDRqfBbW4wkSy5zRdVOBHQn737EC5Cok/edit?usp=sharing). Using this spreadsheet, we can determine which options to buy or sell to minimize risk and maximize probability for ANY given ticker. Obviously, past performance isn’t indicative of future success, but we can still use these numbers to gain a general idea of the expected earnings move of a given stock. Gone are the days of getting randomly blown out due to lack of information! If you’re struggling to find a given stock, click on the ticker symbol on the index page, it should hyperlink you straight to the table! If the above link isn’t working for you, refer to the link below! + +&nbsp; + +[Spreadsheet HERE](https://docs.google.com/spreadsheets/d/1-xx9rsQ4_0LhDRqfBbW4wkSy5zRdVOBHQn737EC5Cok/edit?usp=sharing) + +&nbsp; + +If the sheet has helped you out in any way, please drop an upvote or a comment, so I know whether or not I should keep on making them! Most websites also require you to pay for this data, which I think is asinine. + +&nbsp; + +--- + +#Interesting Observations and Sample Plays + +Below I’ve compiled some interesting observations which can further aid us in making trades this week, alongside some sample plays for those who are new to playing earnings and need some guidance. If I missed anything, feel free to bring it to my attention! + +&nbsp; + +- **Pinterest is inefficiently priced.** Since going public, $PINS has had an average post earnings move of **14%**. The options this week are pricing in a move of *roughly 6%* on both sides of the chain, which is likely going to shrink significantly going into earnings as theta eats away at the contracts. Even though I’m extremely bullish on $PINS, this trade could honestly move either way, so I’m personally opting to play a straddle like I did with $SNAP last week. Given that we get a historically average move, we’ll be making some money on this trade. Keep in mind, this trade *is* riskier than the one we played on $SNAP, since the average historical move is smaller. Don’t over leverage yourself, and don’t be afraid to turn the straddle into a reverse iron butterfly to reduce your cost basis on the trade. + +&nbsp; + +- **Over the past 24 earnings seasons, Shopify has gone up nearly 75% of the time!** The odds on this trade are phenomenal, and we have quite a few options for how we want to play it. If you want to gamble directionally, call debit spreads would be your best bet from a risk to reward standpoint. Alternatively, we can also join theta-gang for this play by selling ATM put credit spreads allowing us to net some extremely nice premiums. If you want an even safer spread, $MSFT also has a similar win-rate (~65%) while having a historically smaller move, allowing you to defend your capital in the event that the trade goes against you. Since both $SHOP and $MSFT report on different days, we can look to make this play twice to ensure we’re not overleveraged on any given day. + +&nbsp; + +- **Counterintuitively, $XLE is NOT a good [collateral play](https://www.hungrybotalerts.com/blog/collateral-plays) this week!** $XLE actually has a *higher* IV than both $XOM and $CVS, so if you wanted to play oil earnings, you’d actually be better off rolling the dice on the individual companies. I’m not sure why this is the case here. Either the MMs are catching onto my bullshit (unlikely), or there’s some nuances to trading oil that I’m not aware of. I’m sure there’s an arbitrage play you could make regarding the individual price and IV differences proportional to the ETF holdings, but I don’t have time to crunch the numbers nor do I think I’d have enough capital to abuse it. Regardless, I just wanted to bring this to everyone’s attention since this is one of the rare cases where the collateral play puts us at a disadvantage. + +&nbsp; + +All that being said, I haven’t had much time to review any extra trades given that I’ve been extremely busy this weekend. If you want extra trade theses or updates, alongside any live trade entries and exits, feel free to check out the community links on the spreadsheet. + +&nbsp; + +--- + +#Summary and Conclusion + +We’ve got another fun week of earnings ahead of us! I personally tend to avoid playing FAANG stocks in general, so my analysis was concentrated elsewhere. If you see any appealing plays, feel free to let me know! Use the [spreadsheet](https://docs.google.com/spreadsheets/d/1-xx9rsQ4_0LhDRqfBbW4wkSy5zRdVOBHQn737EC5Cok/edit?usp=sharing) to determine which stocks offer the best risk to reward ratio, and play accordingly! If enough people find the sheet useful, I'll continue making them throughout the earnings season! If the sheet has helped you out in any way, please consider dropping an upvote or a comment! If you want access to more trading tools, or have any specific questions or observations you’d like to share with the community, feel free to check out the community links within the spreadsheet or on my profile. **Happy Trading! :)** +The Poor Man's Covered Call (PMCC) is a leverage tool many traders here have used in order to trade underlying's that may have been out of their capital range. Here, I hope to make the strategy easier to understand by using [Put-Call Parity](https://www.investopedia.com/terms/p/putcallparity.asp) to examine LEAPS in a different light. We will only be looking at the LEAPS portion of the PMCC, as the short call is not a variable here + +As many of you probably know (and some of you will be reluctant to accept), options can be synthesized using a combination of options of the opposite type and long/short shares of stock. For instance, an ITM short put can be synthesized by selling a call at the same strike/expiration, and then buying 100 shares of stock (aka covered call). This, of course, works the other way as well. That means if we wanted to create a synthetic ITM call to replace our LEAPS, we would do so by purchasing a put at the same strike/expiration along with 100 shares of stock. Let's take a look at an example to see if our theory holds up in real life: + +[LEAPS](https://preview.redd.it/dyfyiyl2qci61.png?width=1665&format=png&auto=webp&s=9ca7cbe56ede2b1bf182bb57f888a670d49f4f75) + +[Protective Put](https://preview.redd.it/9p3f9mo6qci61.png?width=1665&format=png&auto=webp&s=7e8e6e0a144ac7f80dc0f6e3a7ebde0d35cdb75e) + +As you can see, the P/L diagrams are almost identical. Even the theoretical Theta curve is *very* close. The max loss differs by less than $200, which can be attributed to after hours pricing + poor liquidity in LEAPS. There is one major difference between these two: *capital requirement*. The protective put takes over 3x the capital of the LEAPS. Even on 50% margin, it would take considerably more for the protective put + +What's the point of all of this? Well, we know that ITM call LEAPS are essentially a more capital efficient protective put. What happens when you sell an OTM call on a protective put? You get a collar (or a calendarized collar in this case). So **TLDR: PMCC = Capital Efficient Collar** + +To some of you, this may have been obvious, but I hope there are others who find it interesting! +Guys lets get more puts on this bitch😂😂😂 + +The Securities and Exchange Commission has launched an investigation of the trading in shares of Eastman Kodak Co. before and after the news last week of a $765 million government loan to help it make drugs at its U.S. factories, the Wall Street Journal reported Tuesday, citing people familiar with the matter. The loan news caused Kodak's shares to climb to as high as $60, before falling back to $15 on Monday, in massive trading volume. The stock had already moved 25% the day before the news was officially disclosed. Executives with stock options, including some awarded the day before the loan became public, were sitting on big paper gains. Kodak shares were down 1.3% Tuesday, but are up 215% in the year to date, while the S&P 500 has gained 2%. + +Ps their earnings are out on friday...🤣🤣 they must have done spectacular (sarcasm) 😂 + + +https://research.tdameritrade.com/grid/public/markets/news/story.asp?docKey=1-DN20200804010106&cid=1-DN20200804010106-MIP + +Another update!!!!! Lawsuits pendings + https://www.businesswire.com/news/home/20200804005980/en/INVESTIGATION-ALERT-Schall-Law-Firm-Announces-Investigating +What are your thoughts on staying somewhere moderate (like a Marriott or Hilton) vs. splurging on Four Seasons or something similar? Is it worth the extra cost? + +ETA: This is for a trip to Hawaii. + +Edit: Thanks for all the comments and useful information! I booked a VRBO on Maui, three days at the Grand Wailea, and a two bedroom condo at Koloa Landing on Kauai. I think it’ll be perfect! +Those of you who believe the government should be doing more to intervene in the rising costs of housing in Australia, but have subsequently purchased property anyway: + +Has buying your own property changed your view? Would you still like to see the same interventions even if your own home decreased to a value below what you paid for it? +I have to get a new stainless steel fridge. I would've thought an ice-maker/water-dispenser was ubiquitious at this point, but I'm seeing plenty of very nice stainless stell appliances (not low-end) that dont have this, so it is making me rethink how expected that might be. I'd rather buy one without so there is less to go wrong and repair as time goes on. Wonder how other folks approach appliance purchases. +I see a lot of people talking about cap rates, and it seems to be a great sign to tell if a property is going to sink or swim. Curious to know what these are, and how to find that information, and then know what a good cap rate is when buying out of state +I want to begin Dividend Investing by investing around 20% of my monthly paycheck to help with Financial Freedom in the future. + +I have researched a lot and they all come back to similar, essential stocks. + +These are the following: + +KO +MMM +AAPL +JNJ +PEP +VISA +T + +These tend to be the quintessential stocks in terms of the stability and yield they provide to hedge against risk. + +I am 23 years old, but others have said to invest into growth stocks instead because its not worth investing into Dividends if you cant live off it. + +Furthermore, I have also seen the argument of investing into a Index Fund such as a S&P500 Vanguard, however, this only provides a small yield so how is it possible to live off it in the future? + +If you could share your investment strategy, including the stocks you have picked and the rationale behind it, I would be grateful. + +Thank You and Good Luck Investing!👍 +bitcoin price starts crashing, 2.5m bull whale comes along and pushes back up from 15200 to 16000 on his own, giving traders & investors the wrong image that the market is rejecting a further drop. this is very much possible in a bubble as everyone is insecure about when the tides will turn. this lone bullwhale creates a false image that the market might still bull on, and ofcourse, all the other markets just copy what bitfinex is doing. + +just a theory, do you think this could be plausible? + +i mean cmon, no wealthy guy is gonna step in only now. only schmucks without much wealth do while everyone is waiting to sell off +*I received this message from Bittrex after their system screwed up my NEO withdrawl & I complained. They refunded me. If any of you had the same problem, I hope they refunded you as well..* +**________________________________________________________________________________________________________** + + + +This reply is intended for all people who have traded and withdrawn NEO and have raised questions/concerns around lost coins on withdrawals, the withdrawal fee, and neo gas. + + +We have blocked the withdrawal of anything other than whole numbers. This should stop any truncated NEOs. If you get an error, make sure that the "Withdrawal" box on the bottom of the withdrawals dialog is a whole number. + + +All funds not sent due to truncation on NEO withdrawals have been refunded. Once we fixed the whole number issue it was easy for us to calculate that and refund it back. These will show up as deposits in your deposit history. + + +We've lowered the tx fee to 0.025 and will adjust accordingly with the price. + + +Lastly, we are still working with the devs to see if we can distribute GAS, but it is not a trivial matter. Whatever we decide to do, it will be going forward only. We will not retroactively credit GAS to anyone since we have no records to do so. At this time it is still recommended that you hold your NEO in your own personal wallet if you would like to collect GAS. + +I'm close to saving for a 6 month emergency fund, which I've determined is $10k. After that, I'm able to save $900 per check - I'm paid bi-weekly. So basically $1,800 per month of savings but I'm not sure what to prioritize in terms of what it's supposed to be for. I want to buy a house but through my husband, we're eligible to the VA loan - so no down payment required. + +1) Should I still save for a down payment for house? I know it wouldn't hurt. How much should I aim for? + +2) If not save for a house, should I be doing anything else with the money? + +Some facts: I have CalPERs; I have Nationwide 401k, since 2 years ago I've been contributing $250/check - employer does the $5 match I think. I'm 29 yo. I have no kids. I net roughly $3,700/month. My portion of the rent is $650. I have no debt - CC and car have been paid off. My car insurance is $220/month, I pay for my husband and I. Other expenses are just PGE $120/month average; gas - eating out - groceries. Let me know if I'm missing any other figure. + +Update: Thank you all for all of your feedback. I started reading about Roth IRA. As I read through all of your replies - I realized that I failed to look at my budget from the perspective of a married couple. I only focused on my own emergency funds when I should have focused on both of ours. I looked at it as my money instead of also taking into account his financial situation. + +I think my next step is discuss our financials again and strategize a plan together. I think the emergency funds savings will still be our top priority. After that, I will definitely start Roth IRA. Again - thank you all so much. +Like are you fucking kidding me? His whole life he has had NOTHING!!!!!!!! I am 26 years old and have more money than both my parents and it really isn’t saying a lot. I started my own business but I’m literally year 2 of business and just getting started. HAVING A SAVINGS MAKES ME THE WEALTHIEST PERSON IN MY FAMILY!!!!! + + +I asked my dad what is the most he has EVER made in his life- he tells me $40,000. Without an ounce of shame, or needing to lie. He’s 68 years old. He’s “retired” on $1,200 a month from the government and is stuck living with a step brother who owns the house and controls every move he makes. + + +He literally gave me his last $500 until his next social security. I have XXX shares. Over $20,000. And he literally gave me his last $500. + + +If you think I’m ever fucking leaving until THAT MANS LIFE IS CHANGED YOUR FUCKING CRAZY!!! + + +I was jacked to the tits today- but we don’t do dates. And my dad just jacked my tits more than any of you fuckers can. + + +This is our chance. And we ARENT fucking leaving. + + +✋💎🚀✋💎🚀💎 + +Edit: guess it’s not really clear. And it’s my fault for not making it clear. His gesture is what set me off. You think I asked for the money? He wouldn’t take no for an answer because we’ve been talking about GameStop for months. I’m doing it for US!!! If you really hate on a situation you know nothing about.... fuck off will ya +As the title states I am quitting my job with a reputable Retirement Record keeper. +In essence I used to take alot of phone call regarding regular 401k accounts. + +I see alot of advice given on this board is not bad but in most cases where I disagree its just my personal opinion and in that case take it or leave it. + +I just wanna say So long as you are saving towards retirement I don't think it matters how you do it so long as you are doing it. By that I mean, Not stashing the money under your bed. + +REAL retirement savings is Discipline. Money Management. and a understanding of where the horizon is. + +Even the shittist 401k plan that offers no direct matching is still pretty decent place to park your money due to the options/ mutual funds available to you to invest in. Tax or not I do not see why anyone would not at least contribute some of their paycheck towards these. Even if you have a great pension. + +As for picking investment options in your 401k something I notice: I have seen people in default target date funds do just as well as people who micromanage the fuck out of their investments each day. If you want to change your investments thats fine. There are people who certainly do outpace the Default target date fund. But do not lament on the fact that you aren't switching alot or need to be outside the default target date fund. Saving is better than not saving. + +A mistake I often see is people treating their retirement plans like a savings account. People keep thinking "its my money so gimmie it" not fully understanding the limitations set by the IRS. Each day I have spent many calls explaining how it works and each of those calls I am basically cursed out on the phone. I never took a call personally because I know that Karma will get you if you are scratching at your 401k account that has less than 300 dollars in it. + +Another mistake is people not wanting to roll their money over but instead cashing it out because its a lower amount. I wish I could always say. "how do you think the people with tons of money start out?" +A rolling boulder gathers no moss. you have to start somewhere. If you keep cashing it out you will always be at base 1. It's a viscous cycle. + +At the end of the day I just want to say: COMMIT TO YOUR RETIREMENT THATS HOW YOU RETIRE. + +SPEND TIME EXPLORING YOUR OPTIONS BUT AT THE END OF THE DAY CHOOSE AN OPTION(S) + +IF YOU DONT START YOU WILL NEVER START. + +BETTER LATE THAN NEVER. + +also I think the Knicks are going to let everyone down this year. It's alot of hype but I feel like they will fuck it up some how. +For a long time I loved the forum, loved the loss porn, loved the gain porn and unrealistic, survivor bias trade ideas it gave me, but I'm fucking out. + +My mind is being polluted by you retards and it's fucking up my trading style. + +My breaking point: today. I planned out a short trade all night, looked at the QQQ and SPY 0 DTE puts I was going to buy against an inflation trade and 50 pt rate hike. + +Lo an behold, I talk to one of you autists in chat who's sure the market is going to blow up at open. I disagree and go on my way. + +Then at open the market moves a little bit up, I'm waiting for a good entry on my puts, I go to pull the trigger and ... I immediately switch, think I'm wrong, and the market is going to move up. I BUY FUCKING MOTHERFUCKING RANDOM ASS CALLS. + +20 minutes later, I'm down 80% and $4600, and I have no fucking idea what the fuck I'm even holding. I'm literally playing the opposite of my plan and I decide on this new plan at the worst possible time. I went long at literally the exact HOD. Like, to the minute. + +IM FUCKING DONE. THIS RANT IS THE LAST TIME ILL BE ON HERE. THIS IS WHY THEY SAY DONT TAKE TIPS. BECAUSE IT WILL GET IN YOUR HEAD AND IT MESSES UP YOUR SYSTEM. + +LOVINGLY SCREW YOU GUYS IM GOING HOME. + +And no, you motherfuckers will not see me on Monday. + +Edit: loss porn, https://ibb.co/rfKnFsJ + +And yes, I posted about shorting yesterday: https://www.reddit.com/r/wallstreetbets/comments/spcfou/1245_est_yield_spike_warning_close_your_longs/?utm_medium=android_app&utm_source=share + +UPDATE: my original trade plan is +800% ($54,000). + + +xxxNifty is a developing adult NFT platform that aims to bridge the gap between cryptocurrency and the adult industry for users and artists alike. As you can see on their website, xxxNifty has artists and users who are already reaping what they have to offer. Gem Stoned, Sinn Sage, Bonni Good for instance are some of the content creators with countless more to come. Large partnerships are also in the making. If you’re interested, you can see more of the artists here: + +[https://www.xxxnifty.com/adult-content-creators/](https://www.xxxnifty.com/adult-content-creators/). + +The dev team is very active in the TG answering questions from the community and making sure investors feel safe. Just last night there was a contract migration professionally done by the devs. They took a snapshot and all the holders were airdropped the new NSFW token. All we had to do was to put the new contract address in our wallets. The migration was needed because the community asked for a tax system and after several polls and voice chats with the devs they decided to put the 6% tax system in place showing that they have a very dedicated developer team who listens to their holders. + +As of now, Nifty got listed on **CoinMarketCap**. xxxNifty has also been published on **CoinGecko** in **LESS THAN ONE DAY**. There is so much more in the discussion so if you have any further questions, feel free to pop in TG chat. I’m sure the dev and the community are more than happy to answer them :) Become part of an ever-growing community today! + +✅ A list of things are in progress: + +Big star incoming! Tik Tok & YouTube marketing. Poocoin banner ad finalization (already paid) Only fans work in the discussion. Talks with big studio in LA with models. More models incoming. Burn mechanism when buying NFTs incoming. Coingecko ads finalized, will be up most likely upcoming week. + +**ONE OF THE BIGGER NEWS:** + +The big news is that the team secured the spot at the XBIZ Miami Conference on May 24th-May27th. +XBIZ is an adult content conglomerate that connects adult stars with businesses in the space. +This not only will give us big traction recruiting adult stars onto the platform but will put us on the radar of already established Adult Content Businesses, that may be looking to implement NFT’s/crypto into their business. We will also be partnering with their website, and a monthly magazine, where they will feature xxxNifty on a re-occurring basis. + +**PS5 GIVEAWAY FOR ALL THE HOLDERS WHO INVESTED 10$ OR MORE** + +Buy and hold, at least $10 of NSFW tokens for the duration of the giveaway (Only new holders are eligible for the giveaway). + +🪙 NEW Tokenomics: + +6% redistribution 5% LP liquidity, 1% holders + +🔥 Fully minted. + +🔥 PancakeSwap liquidity: + +60% of Pre-Sale is LOCKED 🔒 for 6 Months + +🔥 Total supply: + +69,696,969,420 + +🌐 Website: + +[https://xxxNifty.com/](https://xxxnifty.com/) + +📝 NEW Token address: + +0xed1b4bdb29ca09545b9bedc6c0e854074e121eb3 + +🥞 PancakeSwap (6-7% slippage): + +[https://exchange.pancakeswap.finance/#/swap?outputCurrency=0xed1b4bdb29ca09545b9bedc6c0e854074e121eb3](https://exchange.pancakeswap.finance/#/swap?outputCurrency=0xed1b4bdb29ca09545b9bedc6c0e854074e121eb3) + +💬 Telegram: + +[https://t.me/xxxNifty](https://t.me/xxxNifty) + +🕊 Twitter: + +[https://twitter.com/xxxNifty](https://twitter.com/xxxNifty) + +👾 Discord: + +[https://discord.gg/wAXuEEtDRW](https://discord.gg/wAXuEEtDRW) +I have been lurking in this sub for a while, and after seeing so many successful stories I was motivated looked for a new position. + +So I got an interview, they actually reached out to me first because of my experience is perfect for their open position. The interview went extremely well, they really like my experiences etc, asked me when I can start; I would be a great addition to the team. + +After that, I had the salary talk with HR. HR asked how much I was expecting so I gave him the range of 7xxxx-8xxxx, but on the higher end of the range. HR seems very positive about the range (I did research online). HR even said it is in the budget and they can definitely work with that. + +I was feeling very positive about this whole experience, but this is where I screwed up. I went down one more time after HR meeting to say bye to the team. The lead pulled me aside and very no nonsense asked me what my current salary was. I told him. He then asks the same thing, what number do I want. I told him xxxxxx (which is my current salary + 15k, this is what I told HR) I did not sugar coat it to him, my total mistake. + +He seems very shocked, maybe even offended? He then went on asking me why I think I deserve that kind of salary, he doesn’t want someone that only works for money etc. I tried my best to defuse the situation but obviously by the end result, it did not work. + +I guess my take away from this is that, don’t drop your guard. I will probably kick myself for this mistake for the next few years. + +HR did call me back later said although they can’t offer me this position; the lead said they will definitely have an open position in the next few months and would love to have me. I am not going to get my hopes up for that. + +P.S I still don’t think my ask was outrageously high, I am just being very underpaid by the current company. The range is what they typically pay in my field. + +Everytime I try to sign in it says authentication unsuccessful and to call. I've been on "hold" for over 30 minutes. Is this seriously how they do business? This is like fucking comcast. + +Edit: finally able to cancel! You just have to sit on the phone for them for at least an hour on hold. Honestly, I'll believe it after a month if I don't receive a bill. +I’m an undergraduate in the US who wants to go to graduate school in economics. I’m currently in the process of reading “The Making of an Economist, Redux”, by David Colander, in which he interviews graduate students at elite schools. + +Those students typically quote their workload at 70-80 hours per week in the first year, followed by tamer 50-60 hour workweeks in the subsequent years, with spikes when projects are being finished. + +For anyone who has been to / is in graduate school, do you find this an accurate depiction of work in lower-level schools? Is the workload similar across the board or does it differ dramatically depending on the school you go to? + +Thanks! +[Here](https://np.reddit.com/r/EnoughCommieSpam/comments/nh3y0r/what_kind_of_logic_is_this/gyy51kt?context=100) is the comment with the link. + +It showed that between 1950 to 1980, GDP per capita in Russia, Romania, the Czech Republic, Bulgaria and Azerbaijan grew at a comparable rate as Finland and Ireland - and much faster than Indonesia. + +Is it really communism that caused such a meteoric rise in GDP per capita in Russia, Romania, the Czech Republic, Bulgaria and Azerbaijan? Or was it something else? +I see people here and in /r/badeconomics refer to papers that are "being debated" or "making the rounds." As someone without an economics PhD and a bunch of PhD friends, how do I get notified of these papers? Can someone compile a list of blogs/twitters that would help an outsider keep in the loop? +So basically as you all know the debates are going on about how safe is your money in your bank account. Only 1 lakh rupees is insured and all that after PMC case. +So as the question says 'How safe is my Mutual funds?' what happens in case the AMC I am investing with goes down. +[Source](http://www.livemint.com/Politics/XU8beRQWAoPckuODS9DphN/Government-will-look-into-stock-market-slump-says-Hasmukh-A.html?facet=amp&utm_source=googleamp&utm_medium=referral&utm_campaign=googleamp&__twitter_impression=true) + +Not to be rude or anything but I think this guy fundamentally misunderstands the role of the government with respect to the markets. +For those of you that dont know, this is Peter Lynch: + +&#x200B; + +https://preview.redd.it/cdr62ff7jqi81.png?width=960&format=png&auto=webp&s=f5752413a7cf7e6d0ddfa796b830cfd24f0baa18 + +He's a legendary investor at Wall Street. +This man was named the head of the **Magellan Fund** at 1977 when he was 33 years old, which had $18 million in assets. He ran it for 13 yearsm, which allowed him to retire at 1990 at the age of 46, when the fund had grown to over $14 **billion** in assets. The fund annualized return was at 29.2%, more than twice the S&P 500 at that time - which means that he **consistently beat** the market. + +After his retirement, this legendary investor switched to philantropy and only managed his own stocks. + +So, I'm reading Peter Lynch's book called "Beating The Street", where he talks about his investiments strategies, the way he thought during critical momments and the market and so on. + +While I was reading, I've found this: + +&#x200B; + +https://preview.redd.it/erv8jkzwkqi81.png?width=799&format=png&auto=webp&s=fe3ddb1735f46a2236537cf890307cc8b11e9053 + +And then he proceed to argument that in many times that apparently the world would end, the market had some big crashes and then recovered and everyone was fine. + +This made me think about the whole situation we are now. I mean, there's Putin going berserker at Ukraine, Biden saying that Putin certainly will attack it, interest rates going up, COVID has a new variant, truckers at Canada and Trudeau being mad...... basically, we are all gonna die. + +Or maybe we are not gonna die and we'll be fine. We might even be missing some buying opportunities. + +To finalize this post, I'd like to quote Peter Lynch again: + + +https://preview.redd.it/c7eolmbllqi81.png?width=850&format=png&auto=webp&s=585f1db16cf74e02ca9da7ae632be98866d0322e + +We will all be fine. Just turn off the TVs and analyze this situation clearly. + +Wish you all best and sorry for any english mistakes, its not my first language. +So many apes weren't able to feel the validation of being able to vote and now they can finally feel like a valid team member. + +Remember the feeling when you voted? Now they feel it too, enjoy it with them! + +Apes don't fight apes, sure there might be a bit of noise but it's good to see that eToro are literally changing their policies to accommodate us apes! + +We'll all be walking on the moon soon enough, enjoy these moments before the stress and anxiety of the squeeze sets in! + +🚀🚀🚀🚀💎🤲 +I work in media as a contractor and even having a good reputation and being well-known, it’s tough going! Feels hard to find work and I’m having to really double-down on my network. It’s like my industry is stagnating or contracting and certainly before 2020 there seemed to be a lot more opportunities. + +What’s it like in your industry right now? +Asking to people that have been doing this for at least a few years. + +Ive been studying hard for a year now, using mostly replay p to backtest and only occasionally entering the market with scalping strategies just to get a feel of the market. But I wonder if trading will really be for me when I'll check the charts everyday and have to follow my trades, wait for alerts etc. I chose trading because I like finance and the markets and I like the idea of trading, but also to have more free time. I wonder if instead it can become a very time consuming practice that will keep me at home more than I desire. Plus the stress, even if actually I seem quite fine with losing knowing the profits will be bigger. + +Is it very time consuming? Do you get to actually enjoy more time of your days? Is it a boring profession? Pros cons, advice? +I'm trading forex and crypto for years and I'm able to pick entry points very well, however, I'm usually pesimistic and always think that the reversal is around the corner and the market will crash. + +The results is that I usually chicken out most of the time and make only lets say 30% of profits I could make if I was more optimistic and didn't expect a crash. + +Right now everyone is absolutely sure that BTC top is not close yet, that bull market just started. Prices are indeed pumping, weekly and monthly candles are bigger and bigger. More prices going up, more I hesitate to hit the buy button. Institutions are buying, they're pouring hundreds of millions, but I don't trust those news, I tend to believe they bought much earlier and now are lying just to make liquidity and dump on naive retail traders. + +I missed so much in the bull run during 2017, because si always tend to sell too early, now it is a bit better, but I'm still thinking every day that we reached the top, always looking looking on charts for reversal signs etc. + +I don't want to be on the wrong side of the market when the reversal happens, but who know when that will happen. Maybe not in months or years. Maybe btc is really going to hit 50k in this cycle? + +Do you have any advices on how to change this mindset and how to cope with fears of the market crash? +I know at the core, this is my own decision but I could use some advice. I have gained a keen passion for learning about trading, the financial markets, and economics over the past few years. I recently graduated with my degree in mechanical engineering, but I think I am now much more interested in pivoting my area of study. I have basic level economic and financial knowledge from self study and a strong mathematical background from my engineering degree. I was wondering which field of study was better suited for gaining trading and investing knowledge in the various financial markets and an understanding of the market forces and economics that influences the movements in/between the markets? +I have finally been seeing consistent profits this year. + +My account is up 215% since the start of the year. + + I am considering to try full time trading next year. + +Any experts here ..? Care to share your insights? +I am trading stocks and crypto from last year. And to be honest I have blown atleast 4 accounts and lost more like 50k. From now I started doubting myself + What should I do? I have passion for it but I always lose. +I know at the core, this is my own decision but I could use some advice. I have gained a keen passion for learning about trading, the financial markets, and economics over the past few years. I recently graduated with my degree in mechanical engineering, but I think I am now much more interested in pivoting my area of study. I have basic level economic and financial knowledge from self study and a strong mathematical background from my engineering degree. I was wondering which field of study was better suited for gaining trading and investing knowledge in the various financial markets and an understanding of the market forces and economics that influences the movements in/between the markets? +Hi! First and foremost, I'm not sure if this is the correct place to ask this, but I'd really want to get the opinions of traders as I'm aspiring to be one. + + +I'm currently 28 years old living in a 3rd world country. I currently have 100k USD in savings (crypto and local currency), and I recently resigned from my job (6 months ago) to hopefully pursue trading full time. + + +I've been trying to pick up the skills to day trade for the past 6 months, but find myself really inconsistent with my trading results. Just wanted to ask for advice on the best thing to do moving forward, should I continue pushing to pursue trading full time? How long did it take you guys? + + +Thanks in advance! +Might be a stupid question but just learning. Is it the most recent high before decline/ open of last bullish candle before decline for demand zone. Open of last bear candle/ most recent low before up move for supply zone. Can they be drawn on any timeframe? Does it depend on what time frame I am trading on? +I recently graduated university and quit my part time job so I can trade full time. I’m in no rush to get a job with my degree since my long term goal is to make my full time living by trading, I’ve had this goal for a while now. Only problem is, I don’t know what resources to use. Where can you find resources to educate yourself about trading? Certain books? Certain websites or channels? Anything. I have all the time in the world and I fixed my sleep schedule and wake up early before the market opens. But I seem to find myself just blankly staring at my laptop screen or watching a dinky YouTube video about trading. What are effective resources to use to get better at trading? +Super beginner question, Im in this new trading world from like 2 months. I hope reading books and practice whit a demo account is enough to start, also if slowly, cuz I have no mentor and noone to help me and to ask for any advice . +If u have any consideration, any tip, any advice, tell me if u have just a minute, everything is welcome. +Thanks and sorry for bad english +I'm new to trading and have been doing it in my free time before or after work, just to get a feel for it. + +I've been trading on Bybit, and lately I keep getting stopped out of all my trades. I set my stop losses to 15% and still my BTC and ETH trades seem to get stopped out more often than not. I've tried butterfly trading where I set a long and short position based on a suspected pattern breakout and I've even had both of those stopped out because of how volatile things are and all these fakeouts lately. + +I'm getting chewed up! lol + +Should I be setting my stop losses higher? Maybe I'm not understanding proper entry points based on TA (I follow mmCrypto and The Moon) What do others find to be a successful methodology? +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. +Good afternoon r/dividends, + +My name is u/Firstclass30, and I am the Mod Moderating Moderators here on r/dividends. 2020 has been quite the year for this community. The purpose of this post is to look backward upon Q4 in 2020, and to project ahead for Q1 of 2021. This message is specifically for all shareholders in this community. All shareholders are those who have joined the over 65,000 dividend investors in this community. If I am not mistaken, there is a button somewhere on your screen to claim your 1 free share of r/dividends. + +**Disclaimer** + +During the course of these remarks, I may make certain predictions about the future. These, and similar statements are forward-looking statements concerning matters that involve risks, uncertainties and other factors which may cause the actual performance of r/dividends, Inc. and its subsidiaries r/dividend and r/investingdividends to differ materially from those expressed or implied by this discussion. All forward-looking information is subject to completion of our moderation procedures for Q1 FY 2021 and is provided pursuant to the safe harbor established under the Private Securities Litigation Reform Act of 1995 and should be evaluated in the context of these factors. Forward-looking statements generally can be identified by the use of forward-looking terminology such as "trends," "assumptions," "target," "guidance," "outlook," "opportunity," "future," "plans," "goals," "objectives," "expectations," "near-term," "long-term," "projection," "may," "will," "would," "could," "expect," "intend," "estimate," "anticipate," "believe," "potential," "regular," "should," "projects," "forecasts," or "continue" (or the negative or other derivatives of each of these terms) or similar terminology and include the expected effects of COVID-19 on our business, social condition and results of operations and of operational improvement initiatives. Factors which could materially affect actual results include, but are not limited to: risks and uncertainties associated with the COVID-19 pandemic, including the duration of the COVID-19 pandemic and its ultimate impact on our subreddit, levels of consumer confidence in the safety of online social media and [reddit.com](https://reddit.com), restrictions (including internet and censorship restrictions) imposed by governmental authorities, the effectiveness of moderation measures undertaken throughout our operations, disruptions to our operations as a result of the spread of COVID-19 in our community and/or mod team; general or regional economic weakness; discretionary income or personal expenditure activity of our members; information technology-related incidents, including data privacy and information security breaches, whether as a result of infrastructure failures, employee or vendor errors, or actions of third parties; free time of our moderators and community members; availability of quality content; trolling and other malicious activity; the effects of an increasing number of subreddits on [reddit.com](https://reddit.com); the ability of site admins to protect r/dividends from hacking and attacks; the power of Automoderator; poor internet connections; economic or psychological effects of natural disasters or unforeseen events such as terrorist acts, social unrest or war and the military or government responses to such events; the price of AT&T stock; changes in the moderation team; the popularity of other investing subreddits; general shitfuckery by the admins of reddit, and other factors described from time to time in our filings with the community, press releases, and other communications. Any forward-looking statement made by me herein, or elsewhere, speaks only as of the date on which made. I expressly disclaim any intent, obligation or undertaking to update or revise any forward-looking statements made herein to reflect any change in my expectations with regard thereto or any change in events, conditions or circumstances on which any such statements are based. + +&#x200B; + +**Viewership and Growth** + +The past 366 days (leap year) have seen unprecedented growth and expansion for this community. On January 1, 2020, this subreddit had 5,891 members. At the beginning of Q4, we were sitting at approximately 41,529 members. As of my writing this, r/dividends has just crossed 65,000 members. The rate of growth experienced by this community has surpassed my wildest expectations. The subreddit continues to grow at an average of 300-400 members per day. Projected growth for Q1 of 2021 is expected to be within 25,000 to 35,000 members, bringing the total between a range of 90,000-100,000. Due to the uncertainty surrounding the lack of access to 2019 data, I will not be issuing projections for 2021 viewership counts or unique user counts at this time. + +Moderators of a subreddit have access to historical subreddit statistics and data. In the name of openness and transparency, I have made the information public. Below, one can see the month-by-month information. Reddit only archives the data for 12 months, so I will be keeping it updated on [this wiki page](https://www.reddit.com/r/dividends/wiki/statsfornerds/monthlytraffic). Here is 2020's information. + +|Month|Pageviews\*|Unique Users\*| +|:-|:-|:-| +|January|93,168|8,086| +|February|102,773|9,195| +|March|180,543|19,034| +|April|284,790|29,908| +|May|476,848|38,010| +|June|612,158|54,567| +|July|662,290|52,514| +|August|658,146|56,227| +|September|551,062|50,368| +|October|525,595|51,195| +|November|562,017|62,992| +|December|902,627\*\*|90,495\*\*| + +\*If you are utilizing a 3rd party reddit app, your user data is not represented here, as reddit does not give us this information. + +\*\* As of me writing this, 2020 is not yet complete, so the December numbers are not yet finalized.Currently, it is 11pm on December 31st as I write this post. I will schedule it to go live while I am at work on New Year's Day. Once reddit finalizes the 2020 numbers, I will issue an addendum to this post. (edit: numbers have now been changed) + +**Moderation Developments** + +Q4 was the first full quarter in which r/dividends experienced full active daily moderation. I became the MMM on August 25, 2020, in the middle of Q3, hence why there was no quarterly remarks at that time, or the 11 years before I was a mod. While this subreddit's rules were created by me in Q3 with feedback from the community, in Q4 they were overhauled to better reflect how the subreddit was developing organically, while still keeping the core of the community guidelines intact. + +**Appearance Changes** + +Virtually every aspect of the subreddit's appearance changed over the course of Q4. I created the subreddit's permanent logo and shield emblems, customized flairs for the mod team and other valued users (flairs available to anyone in the community options), unique upvote/downvote buttons, etc. Some platforms do not support these aesthetic changes (3rd party apps and Old Reddit are hit or miss), but to those users who can see them, I hope it assists in your enjoyment of this community. I made some remarks to [avoid getting sued](https://www.reddit.com/r/dividends/comments/jxgnda/a_brief_word_so_i_do_not_get_sued/). + +**Moderation Team Changes** + +Q4 saw a net gain of two new human moderators to the team. With a total of four human additions and two human departures, the mod team was expanded to accommodate the growing community. + +The additions were: + +|User|Date| +|:-|:-| +|u/Rasputin_|10/7/20| +|u/SouthernCriticsm|10/19/20| +|u/hapos|10/21/20| +|u/FPS_Yusuf1999|10/21/20| + +Unfortunately, back in October u/Dan-El and u/SouthernCriticsm chose to depart our moderation team due to unrelated matters outside of Reddit. No hard feelings whatsoever towards either of them, we mods wish them all the best in their endeavors. + +As of my writing this, u/036Gooddaysir036 has been offered the position of moderator, but has yet to formally accept or reject the role. + +**Ask Me Anything Interviews** + +During Q4, I organized and this community played host to two separate Ask Me Anything Interviews (or AMAs for short). The first was with Dividend Investor and professional Youtuber Joseph Carlson, and the second was with the founder and CEO of M1 Finance Brian Barnes. Both went overwhelmingly well with the community, and have served as excellent examples of the professionalism and quality demonstrated in this community. These AMAs were engaging up until the very end. The decision to lock an AMA after the host is done answering questions was actually my intention *prior to the first AMAs beginning*. It was designed so that our hosts are not receiving comments and repeat questions for the next 6 months until Reddit archives the post, allowing them to move on with their busy lives. I would like to reiterate my thanks towards u/JosephCarlsonYoutube and u/BarnesM1 for their support in choosing to spend time answering questions from this community. You will always be welcome here anytime. + +**The Wiki** + +Q4 has seen continued expansion and growth of our subreddit wiki. Work has been done behind the scenes to help develop the wiki into a metaphorical one-stop-shop for all beginner questions regarding dividends and dividend growth investing. Work will continue to be done through 2021 and beyond. + +**Banned Users** + +I have implemented a tradition on r/dividends that in the name of openness and transparency, at the end of every month we post a tabulation and justification of all permanently banned users each month. The purpose of this exercise is to be open about who moderators are banning and to ensure there is no abuse of the system. There are many subs where mods ban anyone who disagrees with them. I would not like that to happen here. By forcing mods to justify who they ban, it prevents the possibility of abuse. It is the belief of the moderation team that clearly set guidelines will pave the way for productive conversations. This belief is a requirement for joining our moderation team. Attached are links to these posts for Q4. + +* [October and pre-moderation banned users](https://www.reddit.com/r/dividends/comments/jfhl8w/tabulation_and_justification_of_users_banned_from/) +* [November Banned List](https://www.reddit.com/r/dividends/comments/k444d6/tabulation_and_justification_of_users_banned_from/) +* [December Banned List](https://www.reddit.com/r/dividends/comments/kqg5rr/tabulation_and_justification_of_users_banned_from/) + +**A brief look at Q3** + +To close these prepared remarks, I will leave this community with a link to [this post](https://www.reddit.com/r/dividends/comments/ifj33q/an_open_letter_to_the_moderation_team_regarding/). It was the post that started all of this. [Here is a link to the first post I made as a mod](https://www.reddit.com/r/dividends/comments/igh084/an_open_letter_and_welcome_to_the_community_of/). + +This was me after 24 hours [of moderating this community](https://www.reddit.com/r/dividends/comments/ih7sjc/a_comprehensive_explanation_of_every_change_i/). + +72 hours later, I decided I [could not do this alone](https://www.reddit.com/r/dividends/comments/iiee7s/rdividends_is_hiring_mods_plus_some_very/). + +Here was [A simple thank you](https://www.reddit.com/r/dividends/comments/ijr27a/a_simple_thank_you/) that I posted back then. + +**Conclusion** + +On behalf of the moderation team, I would like to wish every one of you a Happy New Year, and cheers to hoping 2021 is better for everyone. Thank you all for this incredible opportunity. + +Signed, + +u/Firstclass30 +Ok so when I left an old job I moved my £30k pension to a self invest one and I've doubled it over the last year. + +My wife heard about it so left me do the same with £18k of her old work pension but I've lost about 90%. She's going to kill me. + +How can I recover this? +Hey goofs, + +21 days ago I told you that Buffett stuffed 47.6% of Berkshire's $300 billion public portfolio in one single stock - Apple. Here is the original thread: [https://www.reddit.com/r/wallstreetbets/comments/uewroo/476\_of\_berkshires\_300\_billion\_portfolio\_is\_in\_one/](https://www.reddit.com/r/wallstreetbets/comments/uewroo/476_of_berkshires_300_billion_portfolio_is_in_one/) + +https://preview.redd.it/1bsu09rs6o091.jpg?width=706&format=pjpg&auto=webp&s=f7ec9367c7850cc56359ae945043eea0c321d886 + +You down-voted me into an oblivion because I said something against a god Buffett. I told you I was going short on Apple, yet you made fun of me and mocked me for daring to think that I'm better than the oracle of Omaha! + +Where are your 90+ year old gods Buffett and Munger now? + +https://preview.redd.it/z5wz75cv6o091.png?width=1340&format=png&auto=webp&s=b47286e06fe59c90e239dd95ffe8c47cce07cf4b + +After small and mid cap destruction that started in November 2021, I can't hide my happiness that market is coming to destroy the big boys like Ackman (NFLX), Musk (TSLA), Zuckerberg (FB), Bezos (AMZN) and Buffett (AAPL) that you all jerk off to. + +They are not smarter than us. Fuck you and fuck anyone who thought Apple was reasonably valued at $3,000,000,000,000. + +Down vote me again bitches, but that won't save your AAPL castle from burning - muahahaha! +God the hours a killer, I woke up at 4am this morning and got home at 7pm, tomorrow I'm up at 3.30am to get to site by 6. + + +There are some upsides to be self employed, but the hour's ain't one of them. +I check my spreadsheet twice a year, and a guilty pleasure for me is to take my numbers and spend a couple of hours running them through different FIRE calculators to see how I'm doing. I am visual guy, not a numbers guy, so they really help me understand things in a way that my spreadsheet does not. + +These calcs all have slightly different approaches, but here's a list of ones I like and why: + +This is the one I use the most, that I compare all the others to. I don't like how the inputs are on different pages, but I like the graphic output, which is easy to understand. + +[https://firecalc.com/](https://firecalc.com/) + +This one is interesting because it includes actuarial information about death rates. So, yeah, I have a 3% chance of running out of money at age 85, but I have a 30% chance of being dead, so 3% doesn't look that bad in comparison. + +[https://engaging-data.com/will-money-last-retire-early/](https://engaging-data.com/will-money-last-retire-early/) + +I like this one because it allows you to set a goal for how much you want left over. Some of the calcs will show you 100% success if you end up with 1 dollar at age 100. This one lets you set how how much nest egg you want left over for your kids. (Or your cats. Let's be honest.) + +[https://www.nesteggly.com/fire-retirement-calculator](https://www.nesteggly.com/fire-retirement-calculator) + +This one shows your nest egg in terms of how many days per year of freedom it will buy you. So if you have 500,000k saved and plan on spending 75k a year, your nest egg will pay for 97 days of freedom per year in retirement. That's kinda cool. + +[https://engaging-data.com/freedom-calculator/](https://engaging-data.com/freedom-calculator/) + +This one lets you show the effects of various rates of inflation which I don't see in other calcs. I just don't like the graphic it produces as well as the other calcs.[http://www.cfiresim.com/](http://www.cfiresim.com/) EDIT: Updated link from limpingrobot + +[https://alistair-marshall.github.io/cFIREsim-open/](https://alistair-marshall.github.io/cFIREsim-open/) + +This one differentiates between standard, tax deferred and Roth accounts to help you plan your withdrawals better. + +[https://www.i-orp.com/Inflate/index.html](https://www.i-orp.com/Inflate/index.html) + +This one it has sliders for some of the inputs which are fiddly, and you need to specify different income streams at the bottom. On the plus side, it has room for spouse income and is very clear and interesting graphically. + +[https://www.marketwatch.com/calculator/retirement/retirement-planning-calculator](https://www.marketwatch.com/calculator/retirement/retirement-planning-calculator) + +Honorable mention: This calc from MMM's article got me into FIRE and I have used to teach about FIRE ever since.[http://networthify.com/calculator/earlyretirement](http://networthify.com/calculator/earlyretirement) + +So what are your favorite FIRE calculators, and what do they do that others don't? + +EDIT TO ADD COMMENTS FROM BELOW + +CALCS that allow you to save your inputs: Firecalc, Networthify, Engaging Data When Can I Retire, Nesteggly + +FIRE 2027 suggested this one, which has tax rate, and an input for bond and stock returns and a cute little red target sign for your FIRE target. + +[https://engaging-data.com/fire-calculator/](https://engaging-data.com/fire-calculator/) + +This one from abarandis has dependents, and when they will age out of your home. + +[http://abrandao.com/retire/](http://abrandao.com/retire/) + +From Joy090, once similar to Networthify + +[http://fireagecalc.com/](http://fireagecalc.com/). + +[chodthewacko](https://www.reddit.com/user/chodthewacko/) suggests this one. It separates tax deferred/tax free/. It needs to be downloaded or run through Java to work. + +[https://www.flexibleretirementplanner.com/wp/](https://www.flexibleretirementplanner.com/wp/) + +[jrjjr](https://www.reddit.com/user/jrjjr/) (Creator of nesteggly) also suggests FICalc. It has different withdrawal strategies, and lets you export or share your results. For historical data, it shows which start years would have succeeded or failed for your portfolio. + +[https://calculator.ficalc.app/](https://calculator.ficalc.app/) + +cranescult suggests this calc, which has a place for sequence of return risk which no other calc I've seen has. + +[https://www.portfoliovisualizer.com/financial-goals](https://www.portfoliovisualizer.com/financial-goals) + + +This one allows for interesting back testing of other withdrawal strategies than the 4% model. + +[https://calculator.ficalc.app/](https://calculator.ficalc.app/) +What would the pros and cons be? Is it worth? + +What are the implications for your TFSA, RRSP, yearly taxes, and others + +What are the main variables to take into account +Hi, beginner trader here. I started taking interest on trading since the beginning of the year and finally started my trading journey on 15th March '22. I just wanna post my accomplishment and really want to share a few things to people like me who thought trading was fast and easy money. And professional traders who's willing to read this post I hope you can give me some advise as well if I'm doing anything wrong. Please note I don't have much money and profits are small compared to you all. Current winrate is 67% on 400 trades total. Deposit looks weird cuz of foreign currency + +[My gain after 2+ months of trading](https://preview.redd.it/og6bvnv3vf291.jpg?width=1080&format=pjpg&auto=webp&s=478dd2f298ce8c665b0a776a0939b1bd6bb950d0) + +These are few important things I wish to warn you all when beginning to trade. + +1.) Better not(Never) join Trading Signals groups + +I joined a few trading signals group since the start of my journey. They can charge you (ex.$50) to be in their tele group and they'll give you signals that don't even work when I followed it. Even when my trades closed at SL, they posted images of their signals working and showing profits. I noticed that they've only earned a few pips(+20,+50) and closed to show that they earned a profit. You can see on my next image below showing losses until around 12th April + +Then just a few weeks ago, listening to a forex podcast in Spotify explaining that these "Signal Gurus" only profits they get are the money that they charged us. Most of these gurus posting their profits are most likely using a demo account with huge capital showing huge profits only when they actually got their analysis right. So don't be fooled! I'm not saying all trading groups are bad but be wary with which signal groups you are in. + +2.) Don't rely on TradingView Ideas + +TradingView Ideas gives traders opportunity to post ideas(predictions) to how the market will react. Just remember, these ideas are posted by retail traders who are also like us. They too have trading ideas that could be wrong so don't always follow what others think. I don't follow their ideas anymore but I still do check it from time to time to see if others have the same analysis as mine which helps with my confidence in my analysis. I do recommend a user Lingrid because her analysis sometime supports mine and I do follow her ideas if it make sense to me :V + +3.) Read a book + +Indeed for de love of god read any forex books. I failed so many trades in demo until real account. I don't know whether any other way works. I can only pick up a few things on Youtube but after reading only one book it helped me in this journey. I only read two books so far, "Chart Pattern Analysis by Fred KH Tam", "Behind a True Trader by Siaw Jun Kit". Highly recommend reading Behind a True Trader because it teaches me that Forex shouldn't be complicated. The trick is to fundamentally think how the market will react while applying your technical analysis imo :/ + +4.) Use your own strategy + +Everybody has their own strategy on trading. Some strategy will work for you and not for others. My strategy is quite simple, since I don't have the time to constantly look at the charts on 5m,15m charts I consider my trades to be on the 1H, 4H charts. Which means I have to be patience to see profitability. Good thing to know is that there's a time for volatility in the market. Most Volatile in my experience is the first few hours and the last hour of London time. You can check the time zone of sessions on babypips.com + +I don't trade on other sessions(US,Japan,Australia) because i don't have time for it and also its time to sleep. I only start looking at the chart few hours after London session opens to see how the market moves during the day. Only then I'll consider whether to put in a trade or not. Then I'll close when I see any reversal pattern forming or if it breaks its current resistance/support. + +5.) Always put SL no matter what + +Nuff said, if market goes against you RIP capital + +[Losses till mid April due to relying on other's signals](https://preview.redd.it/nze7s9zf1g291.jpg?width=1649&format=pjpg&auto=webp&s=1b6c6a51c3aefdcf6c0904e42b1d3fab5e5072e9) + +Hope these helps! +Naturally, and not wrongfully, there is a lot of talk about trading strategies on this sub. When people see someone have success, the natural first question is, “what is your strategy.” People ask me often and I can sum my strategy up in one sentence. + +But I’ve seen from experience, you can hand someone an excellent strategy and if they aren’t a good trader (or if the strategy doesn’t fit their personality) they will still lose money. This is because while every good trader has a strategy that they understand, it’s moreso they have a skill set to understand the market and capitalize on what they see. Most importantly, they have the emotional discipline to use the skills that fit them. + +I liken it to a basketball player trying to score. You would say “I like to fake left, drive to the right, and finish at the rim.” That is their favorite setup and they have confidence and trust themselves to execute that *IF IT IS AVAILABLE*. The difference between an inconsistent player and a consistently player is that if the lane isn’t open or if there is a dominant defensive bigman, they won’t try to force a shot and end up hurting their team. They will pass and wait for the opportunity that they like. + +To take the basketball analogy further, someone can be a productive player with one skill set if they “stick to their game”. But someone who is good at multiple things and understands different aspects of the game can score in much more ways. If you can *effectively* drive the lane and shoot from three, you’ve opened up your potential. Just like if you can trade using S/ R, Elliot Wave, MMM, or any other strategy, you will be a better trader. + +So it’s not about having a good strategy. It’s about growing as a trader, and understanding what you are good at. +What I the best way for me to invest my money? +I have £100 and I'm looking to start investing and I wanted to know what the best ways were and if the fact I'm 17 will effect it in any way? +I finally pulled the trigger to quit my FANG job and start my own startup. It's well funded and we plan to pay ourselves $8K/month. However, no major bank is willing to touch my mortgage application for a $1.6M primary home. I will also sell my current condo for $500K in equity. I have around $5M liquid. I am getting some quote for 6% interest rate on some non-traditional loans. I can put in any amount of down payment but would love to leverage loans as much as possible. Anyone in a similar situation? What's the option to negotiate a good interest rate? +Hey guys, + +&#x200B; + +Anyone finding it nearly impossible to find a decent top freezer refrigerator in the midwest? Everything is either out of stock till september or $900+ +I love the energy behind this movement! WSB has become a decentralized hedge fund the likes of which the investment world has never seen before! + +But all of you new guys arriving here over the past few days need to understand something: + +I walk into a casino, sit a slot machine, pull the handle and hit a jackpot. I tell you to try it, so you pull the handle and hit a smaller jackpot! It seems that this particular machine is paying out! Now there are a crowd of people all taking turns, pulling the handle and getting paid! + +The casino manager sees this, he closes down the casino to investigate. + +Upon reopening the casino, the slot machine is no longer paying, but people are still trying. + +All of us here, all of wsb and reddit are just the customers in the casino. Even our combined buying power is just a drop in the ocean compared to the leverage that institutions can access. + +The GME story caught them off guard, it was a unique situation that is not easily repeatable. + +Now that the hedge funds have had time to analyze and understand the situation, the algos have been adjusted and with every passing day the odds of the little guy winning here are dropping dramatically! + +u/diamondhandthotslyr posting 💎GME💎🤲🏻💎🚀🚀💎🚀🦍🦍🚀 and getting +1000 upvotes may feel all warm at fuzzy at the moment, but it is not sound advice!!! + +No amount of diamond hand emojis change the actual fact that more retail were selling than buying last week: [https://i.imgur.com/rz8I3Vt.png](https://i.imgur.com/rz8I3Vt.png) + +(source: [https://www.bloomberg.com](https://www.bloomberg.com)./opinion/articles/2021-01-29/reddit-traders-on-robinhood-are-on-both-sides-of-gamestop ) + +Short squeezes can, and do end as fast as they begin. Go look at the NOK chart to understand. + +You new guys, do not feel as if you are going to miss out if you don't buy GME! There will always be more opportunities, be patient, take time to watch and learn! +Received an email out of blue with no indication about increase in fees. Clicked on links in the email and found out that the "Indirect Cost" has gone up around 50%. Does anyone have any idea why such a big jump and is it only SunSuper ? +I'm the sole bread winner, because child care is expensive (my SO stays home with the kids) . My family is amazing, my wife is amazing, but we are struggling to save. I pay about $1k a month in CC bills, enough that I should be clear of debt in three years or less. + +But I'm still renting, and want to own a home someday but have nothing for a down payment. + +Is it even possible to save for a home and make up for 20 years of missed savings? + + +Edit: Some great advice here, some stuff we've thought of and a lot we have not. Here are some other details: + +Live in LA, CA + +Rent is 3k + +Monthly expenses about 7k + +Make 130k but note I'm missing out on significant money because I'm not hitting my pay plan (SaaS startup and I'm in sales) + +I pay $800/mo for health insurance for the family + +Company has 401k but no match (common in startups) + +I have equity, which is my ace in the hole, but it's worth nothing until we exit + +Most likely we exit next year, and looks like not for what we want, so my gamble here to make up my savings losses won't pay off like I hoped + +Wife has $65k student loan + +Kids are 5 and 3 and the oldest can go to school in September + + + +Edit 2: About $40k in CC debt between the two of us + +$8k in a 529 that we haven't been able to add to for 3 years + +Wife's degree is in History + +Expenses are actually $7.5k, rent is 3k and the rest is managing debt, car payments, gas, insurance, food, cell phones, nothing crazy + +Even T-Mobile pays my Netflix + + + +Edit 3: Formatting to stop hurting everyone's eyes. + +Edit 4: Clarity on childcare. It's my wife. +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. +I know it's risky but whatever, sold two nkla puts this morning for 6/26 at 45 and 48. Collected 910 in premium, which my abacus says is a lot for 10 days. Wish me luck boys + +Edit24 hours later, bought back the 45p, realized 220 profit locking up that 4500 for 24 hours. I have a buy order on the 48 that will realize another 240 if filled. + +Also sold 25 shares at a 55% profit. Still holding 50 shares at a 40 dollar basis. Took the money from above and bought 4 shares of aapl that I'm diamond handing forever. + +You guys convinced me that we are gonna see some profit taking with the new shares and warrants coming up. Also the CEOs interview gave me bad vibes. Gonna wait for a dip, try and get another 50 shares maybe, then sell cc's. Gonna keep speculating on this one until it blows up on me, but for now I'm net up one iPhone 11 on nkla. +Hear me out. I think most of these posts have good intentions but it's still fud. I see so many comments from people "thinking about doing the same" + +If you don't have a new job lined up, don't quit! You're putting yourself at risk of running out of money and having to make a tough choice between paying bills or selling. I know most of us say that we would never do that but I personally don't want to have to make that choice. + +I think we should ban these posts, they offer nothing. We know most corporations suck already, by telling us you quit all your saying is "I can't buy anymore stock and I might have to sell if I get desperate" + +What y'all think? + +I'm going to my job, buying and holding. +Just curious as to where the members of this community fit in. I'm from the UK and I personally like to compare my dividends to the salary from my full time job to see the progress and set targets around that. Im currently at 15% of my net take home pay in dividends. Obviously pay rises will shrink this but pay rises get invested anyway and my initial target is the equivalent of 50% of my salary from dividends. Once at this level and with the mortgage paid off I will then live off my dividend income. +Just curious as to where the members of this community fit in. I'm from the UK and I personally like to compare my dividends to the salary from my full time job to see the progress and set targets around that. Im currently at 15% of my net take home pay in dividends. Obviously pay rises will shrink this but pay rises get invested anyway and my initial target is the equivalent of 50% of my salary from dividends. Once at this level and with the mortgage paid off I will then live off my dividend income. +Apple has reported they they will start blocking Facebook's web-tracking tools. Last time I check about 25% of cellphones and presumably Facebook users use an iPhone. + +With Google being in competition with Facebook and Apple, it doesn't seem that far fetched for Google to do the same with Android. Seems like this could have noticeable effect on the data they can provide ad customers and in return lower the value of their ads overall. + +Thoughts? +Been following Coronavirus since January. Was called crazy. Went against my gut feeling and didn't liquidate my portfolios back in February. And even after a few dead cat bounces in March. Fast forward to today and damn, should have sold! I still have 30+ years to retire but the mental gymnastics of what if's is killing me! I'm still investing and if anything, investing more now. But, the what if I sold and rebought now is draining. + +Anyone else feeling the feels? +I am at the tail end of a divorce and I have no kids. That presents a certain freedom in my life, free from many typical responsibilities. + +And so, several months ago I became an OTR truck driver. That means I live in my truck. No mortgage. No rent. No utilities. + +Next month, I finish paying off my credit cards. In a few months, I'll have my car paid off. + +Though my income is not as great as many of you, having my modest income combined with my cheap standard of living, I'm extatic. + +I have no idea what this will look like in the future just yet but my hope is to eventually live off of my investments while doing woodworking as a paid hobby of sorts. + +Have any of you done that? Basically, starting a business post retirement or in a semi retirement? +After being severely underemployed at $8-10/hr at off-and-on temp jobs for the past 5 months, I'm finally starting a full time job with benefits on Monday! Gonna be earning $18/hr and I'm still internally crying from how much of a jump in income this is. I feel so grateful for whoever in HR decided to take a chance on me. + +Anyone have tips/tricks that they like for new jobs? I have my own rituals and anxiety-calmers, but interested in what some other folks do to calm those first day jitters, especially after being out of "real work" for the past year. + +EDIT: Wow, this blew up!! Thank you all so much for your insights. I read every single one of them but it's a little overwhelming to respond to each individually. Please know that I'm taking all your advice to heart and really appreciate it!! +https://www.cnbc.com/2019/04/02/bofa-says-it-will-make-5-billion-in-mortgages-to-under-served-people.html + +The five-year program, called Neighborhood Solutions, includes grants for down payments and closing costs and mortgage packages with small down payments. + +"We know many of our clients want the power to own their first home, which can sometimes be challenging," said D. Steve Boland, head of consumer lending. +Hi everyone, I’m 28 and have an income of $110k. I’m getting to a point where I talk to others and I feel so behind in my financials and investment knowledge/practices. + +I max out my 401k and Roth IRA and I recently started investing in stocks. + +I read another post about a person younger than me with money in management accounts, brokerage accounts, and HSAs and I can’t help but freak out and think I’m not doing enough to set myself up for a successful future. + +What should I do? Is there a class I can take or should I just google a nearby brokerage to help me? (Not sure if I even am in the bracket of income for brokerage or management accounts if there is one!) In short, I’m a totally newbie and I feel so behind for my age. Will take any help/advice you can give me! +It had to come from the NYSE since that's where all these systems get their data for GME and it just so happens that GME. AMC, Nokia, BB are all part of the NYSE and from what I've been reading they all lost volume. It's like all of the volume coming from Citadel was temporarily removed from the NYSE, they make up roughly 40% of all volume. Citadel doesn't have the power to remove volume from the NYSE. It feels more like someone was digging deep into Citadel data and it accidentally got removed. it's like someone was doing SQL data dumps on Citadel and deleted the data by accident. Now, why would someone with admin privileges at the NYSE (very few people of such an important database) want to look at Citadel at market close on a live database? Unless someone very important was asking for the data. Reposting this shit because I didn't put enough rocket emojis in the original to get you apes to notices. +I’m on mobile - made a throwaway account in case any family has Reddit as we want to keep this a secret for the time being. My mom will be receiving a lump sum in ~60 days, tax free. We’ve been lower class our entire lives, always needing government assistance. Just so you get the idea of how clueless I am lol. I’m the most responsible/educated out of her children (so she says) — so she wants me to help her manage things and ensure she doesn’t squander it. + +A couple goals she’s thrown out: +- Pay off her car: 1-1.5k left +- Work towards her lifelong dream of owning a food truck (many of her jobs have been in the food industry) +- invest in stocks (she feels this will help her obtain more money for the future) + +Some info on her: +- Late 40s +- Working minimum wage job (though she intends to look for something $15 & up now) +- Located by the Great Lakes/Midwest, USA +- Low COL state/city +- No insurance of any kind +- No savings +- No bank account (cash app card only) +- Her credit is TERRIBLE!! She has numerous collections accounts and before now could not worry about them. + + +Do y’all have any advice for us? Do you think it’s smart to manage 10-15K on our own or should we enlist some help? +I have a bachelor’s, working on my graduate degree. But my degrees are in humanities, so I don’t want to mess up her only chance of being stable for once in her life. + If you think this is better suited for another sub do let me know! Thanks in advance y’all! +The company announced during its latest earnings report on Tuesday it intends to pull all its movies from Netflix. + +Instead, Disney plans to launch a branded direct-to-consumer streaming service in 2019. + +The company will also launch its own ESPN video streaming service in early 2018. The platform, which will feature about 10,000 sporting events each year, will have content from the MLB, NHL, MLS, collegiate sports and tennis' Grand Slam events. + +To power the services, Disney buying a majority ownership of BAM Tech for $1.58 billion. Disney bought a 33 percent stake in the company, which was spun off from digital media company MLB Advanced Media, in August 2016. + +"This represents a big strategic shift for the company," CEO Bob Iger told CNBC's Julia Boorstin. "We felt that having control of a platform we've been very impressed with after buying 33 percent of it a year ago would give us control of our destiny." + +Netflix stock declined more than 3 percent upon announcement of the news. + +https://www.cnbc.com/2017/08/08/disney-will-pull-its-movies-from-netflix-and-start-its-own-streaming-services.html +The search for where we move to has become more constrained due to family issues. We may end up living a fair distance from mountains and skiing, two of my biggest recreational pastimes. Land and homes are a LOT cheaper, so there are some benefits. + +But on a Fatfire budget, we should be able to travel for recreation. A couple weeks a season maybe. Timewise and in terms of cost, a flight isn't a big deal, but not being able to just casually hit the trail or slopes is a downer (i.e. having to plan a trip). + +Trying to think this through, anyone in this kind of lifestyle? +38M, dual income, 3 kids, and very nearly FIREd. I have 13m in invested assets and a paid off starter home. I want to move to a 1.5-2.5m house (in a higher COL area) and I’m wondering what the best way is to pay for it. With rates as low as they are, I don’t think buying for cash makes sense. So, what would you do if you were in my position? What kind of loan, terms, down payment, and/or collateral would you use? + +I have maybe 250k in cash now, and I am open to selling invested assets to access additional capital. I think I’d like to keep the payments around 5-7k / mo. No opinion on interest only vs arm vs traditional, but would love to hear suggestions. And once we move, I’ll have 650k additional from sale of our current residence. + +EDIT: If we do 20% down / 30 yr, what kind of income will I need to have for the bank to approve a 1.6m loan? Which banks would let me get away with not having much W2 income (i.e. my investments are proof of ability to pay)? +I have a fairly high household income ~2m this year and live in a vhol place. A conversation with someone very wealthy got me thinking about using my high income to leverage my real estate investment. Has anyone here used interest only mortgage before? If yes, why go down that route vs a traditional mortgage? +Hi everyone, + +I'm currently holding Enbridge and happy with the dividends, however I understand that their business model will be severely affected in the coming decade, as we move toward renewable and "green" energy sources. + +I know Enbridge has some renewable assets, but it's a tiny, tiny portion of their portfolio. Would it be wise to start selling this ticker as we approach 2020, and move the funds into renewable energy companies? + +I was thinking BEP, though if anyone can suggest a better name in the renewable sector I'd be happy to look into it. Any thoughts on this strategy? +I'm really interested to see what my fellow smooth brains are thinking here. Just an open discussion...markets closed anyway so fuck. + +I'm usually all about 🖕🌈🐻 but I can't but feel very bearish about the market in the coming weeks. + +I was up till 6am watching the NYSE S&P having a slippery dip most likely due to the wsb and GME extravaganza. + +Considering we follow wall st the same way a rat follows the pied piper we could be about to see a red wave washing into our tendie shores. + +There are a number of reasons and theories as to why the the price war on wall st is driving down the market - I don't think it's that important at this stage to bog down in the details (or maybe it is? Fuck I dno). + +But I think it's a good idea to be prepared for some fukn heavy losses. +Am I recommending a mass sell to hold cash? No. +Cash is the safest position and there's nothing wrong with it. But I'm not your father. +Am I recommending diamond hands till you die? Well that's really just your other option. + +I'm currently weighing up my positions but preparing to feel the burn to get fukt royally. So I'd love to hear other people's thoughts. + +At this stage I'm 💎🐋 cos fuck. Only lose when you sell right? + +And hell MAYBE we get a fukn great week on the asx come Monday! I'd love that. + +And I'm done. Be safe y'all. +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/wsNDGTf5QH). +Your markets are run by bots. Now your /r/Asx_bets daily threads are too. + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +Automoderator may provide "Guidance" for Lazy and zero effort posting. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/EKU2tVBp9u) + + +Your markets are run by bots. Now your daily threads are too. + +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) + +Posts relating to the "Is [r/ASX\_bets](https://www.reddit.com/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/wsNDGTf5QH). +Hello, I'm from El Salvador so I'd like to give you all some information that might help you clarify things. I posted this in another thread and made some slight edits. + +First some info of the current zeitgeist in El Salvador: + +The president's party, Nuevas Ideas (New Ideas), was formed in 2018-2019 as a new alternative to the old bipartisan, marxist-left (FMLN) and ultranationalist right (ARENA) system that had controlled the government since the end of the Civil War in 1992. He won the presidential elections in 2019 with 52% of the vote (overwhelming majority) and just recently won the legislative elections in 2021 by a landslide (73% of the vote). That means that his party controls the Congress with 2/3 of the legislators, which are enought to pass any bill that they want, and in fact that's what they've been doing. + +His party is made up of mostly young professionals tired of the corrupt system that has kept the country poor and underdeveloped for the past 30 years. In just their first day in office they fired the Attorney General (who had been protecting other corrupt politicians) and 5 other magistrates, accused of being bought by the oligarchy to protect their economic interests. In just a month, the new Congress has approved unprecedented financing for education and infrastructure and has passed bills that make sure that the predatory economic elites that used to buy politicians in the past are kept in check. Many big infraestructure projects are expected to be approved by Congress soon, including the construction of a high-speed railway and a new international airport. + +One of the biggest projects that the government is building is called Surf City, which is basically road, electricity and communications infrastructure along the coastline to help small businesses. In fact, for this very reason, the ISA decided to hold the World Surfing Games (which are happening until tomorrow) to qualify for the Tokyo 2021 Olympics in El Salvador. Bitcoin is already used by small businesses in this area, especially in El Zonte, which is one of the more popular beaches that gets a lot of international tourists. + +I know most people used to have the notion that El Salvador was a dumpster fire, because we were. However, the country is going through huge change. Just yesterday the ex-mayor of San Salvador (the capital) was captured by the police and is awaiting trial for corruption and gang financing and also the ex-first lady was sentenced to 10 years in prison for money laundering. El Salvador is no longer on the top 10 list of most violents countries in the world (the muder rate used to be 12-15 homicides daily and has decreased to nearly 3-4 daily since Bukele took office) and our economy is expected to grow steadily too. + +Bukele (39 years old) is extremely popular, with an approval rating of over 90% during his second year in office. Mostly due to this forward thinking. You can see this with the data related to the pandemic. El Salvador is the Central American country with the lowest mortality rate (due to a massive revamp of our healthcare system), the lowest number of COVID-19 cases and the fastest rate of vaccine applications, having just surpassed the 2 million mark. The government also just launched a project to give laptops to 100% of the students of the public school system. The country still has massive challenges to overcome but I'm confident we are on a very good path. + +The adoption of Bitcoin as legal tender is HUGE news for this country. I assure you that Congress will pass this bill. I couldn't give you an exact date, but the economics commission will probably receive all the papers this week. + +I'll try to answer any questions that you guys might have. + +UPDATE: Most legislators have come forward saying they will back the bill. + +UPDATE 2: I'm done for today but I'll keep monitoring this thread. + +UPDATE 3 (6/6/21): Damn this really blew up. + +Some useful links: + +Bitcoin in El Salvador as of today: + +[https://www.youtube.com/watch?v=-G9cmff81fc](https://www.youtube.com/watch?v=-G9cmff81fc) (Spanish) + +[https://www.youtube.com/watch?v=7VV0A\_favrk](https://www.youtube.com/watch?v=7VV0A_favrk) (Spanish) + +[https://www.youtube.com/watch?v=95tNWXADX14](https://www.youtube.com/watch?v=95tNWXADX14) (English) + +[https://www.youtube.com/watch?v=W4XcHi\_NXl8](https://www.youtube.com/watch?v=W4XcHi_NXl8) (Spanish) + +The Surf City project (which is where Bitcoin will most likely flourish): + +[https://www.latimes.com/sports/olympics/story/2021-06-04/el-salvador-is-riding-the-waves-as-global-surfings-newest-mecca](https://www.latimes.com/sports/olympics/story/2021-06-04/el-salvador-is-riding-the-waves-as-global-surfings-newest-mecca) + +[https://www.youtube.com/watch?v=Wna7x7O25lA](https://www.youtube.com/watch?v=Wna7x7O25lA) (English) + +[https://www.youtube.com/watch?v=aznk1VSpqHA](https://www.youtube.com/watch?v=aznk1VSpqHA) (English) +Inspired by [this post](https://www.reddit.com/r/CryptoCurrency/comments/oen5zp/bought_top_20_coins_100_each_will_update_in_an/), I built a script to analyse if you DCA'd blindly in the top crypto coins vs. investing in BTC & ETH vs investing only in BTC since the beginning of 2015, how much would your total worth is. Here are the results. + +**Numbers & assumptions:** + +* DCAing takes place every week, on 1st, 8th, 15th and 22th of every month starting from Jan 1st 2015 and until July 6th 2021. +* Investments budget per week is $100. +* The weekly investment is divided equally on the coins invested in. +* This case study is ignoring stable coin investments. E.g.: investing in the top 5 coins means the top 5 coins excluding any stable coins. +* The analysis is assuming that you invested your money and never sold any coin till now. +* Total invested money over the whole DCA period is $31,300. +* Transaction fees are not included in the analysis. + +**Here are the results:** + +* If you blindly DCA into the top 1 coins (BTC), you will end up with **$1,102,104**. +* If you blindly DCA into the top 2 coins, you will end up with 4 coins (BTC, XRP, LTC, ETH) in your wallet and total worth of **$1,462,443**. +* If you blindly DCA into the **top 3 coins**, you will end up with 11 coins in your wallet, and a total worth of **$1,310,552.** +* If you blindly DCA into the **top 5 coins**, you will end up with 23 coins in your wallet, and a total worth of **$2,490,189.** +* If you blindly DCA into the **top 7 coins**, you will end up with 37 coins in your wallet, and a total worth of **$2,923,849.** +* If you blindly DCA into the **top 10 coins**, you will end up with 55 coins in your wallet, and a total worth of **$2,316,169.** +* If you blindly DCA into the **top 20 coins**, you will end up with 130 coins in your wallet, and a total worth of **$1,619,756.** +* If you blindly DCA into the **top 50 coins**, you will end up with 381 coins in your wallet, and a total worth of **$979,086.** +* If you had a glass ball and knew that ETH will be what it's today and you invested only in BTC & ETH, you will end up with 2 coins in your wallet (surprise), and a total worth of **$4,505,477.** + +**Some observations:** + +1. Although it was relatively easier to guess that BTC will be the #1 crypto coin back then, nobody would have guessed for sure that ETH will be #2, so betting on BTC & ETH only from the beginning would've been your strategy only if you know the future. (you are God). Based on that it's safer to say "I invest in the top X coins" instead of saying I only invest in coin X and coin Y. +2. Investing in altcoins in addition to BTC can increase your ROI considerably. Investing in top 7-10 coins tends to yield the most return in this case study (x3). +3. Based on #2, a crypto ETF (or a similar service from exchanges that allow us to buy in bulk) could give exposure to the top X coins while saving transaction costs considerably. + +If you want more details, here is what your wallet would look like in each case of the above: + +[https://drive.google.com/file/d/1-aRmJBZlb9azXHODN3WFkIVzwxepH3GV/view?usp=sharing](https://drive.google.com/file/d/1-aRmJBZlb9azXHODN3WFkIVzwxepH3GV/view?usp=sharing), [https://drive.google.com/file/d/12v45\_cy4hNSiEklZj042SDsgfnKObr4i/view?usp=sharing](https://drive.google.com/file/d/12v45_cy4hNSiEklZj042SDsgfnKObr4i/view?usp=sharing), [https://drive.google.com/file/d/1EwFvusdGrOVdagvXqAXrAw0BTUZmKowG/view?usp=sharing](https://drive.google.com/file/d/1EwFvusdGrOVdagvXqAXrAw0BTUZmKowG/view?usp=sharing), [https://drive.google.com/file/d/1R8hZs7IYED8ksjyera37gWJLzRzcPAXE/view?usp=sharing](https://drive.google.com/file/d/1R8hZs7IYED8ksjyera37gWJLzRzcPAXE/view?usp=sharing), [https://drive.google.com/file/d/1bRijSf8sZ9J3bIGBY-iiGAQjgbL-vPzu/view?usp=sharing](https://drive.google.com/file/d/1bRijSf8sZ9J3bIGBY-iiGAQjgbL-vPzu/view?usp=sharing), [https://drive.google.com/file/d/1k4ONNzFqXJ96t9S2xKR8SD88VSMBXYim/view?usp=sharing](https://drive.google.com/file/d/1k4ONNzFqXJ96t9S2xKR8SD88VSMBXYim/view?usp=sharing), [https://drive.google.com/file/d/1o\_7Nd8TcyfkVS2-OUAvStObUjk-x4j0c/view?usp=sharing](https://drive.google.com/file/d/1o_7Nd8TcyfkVS2-OUAvStObUjk-x4j0c/view?usp=sharing), [https://drive.google.com/file/d/1xIZv0DpMBO18LgHg-OFKo41WgHiYRFUf/view?usp=sharing](https://drive.google.com/file/d/1xIZv0DpMBO18LgHg-OFKo41WgHiYRFUf/view?usp=sharing), [https://drive.google.com/file/d/1yGKbXeS6DZic6A1PmM5sGA2A3CZOyzUp/view?usp=sharing](https://drive.google.com/file/d/1yGKbXeS6DZic6A1PmM5sGA2A3CZOyzUp/view?usp=sharing) + +I**MPORTANT NOTE:** This whole case study was a fun project and i was trying to answer some questions and thought to share it with you in case that would help you in any way. Also it's important to not that history does not dictate the future, so please take all of what I present here with a grain of salt. + +Much Love! ❤️ +I know typically the wheel is done with CSP. Is there any reason you wouldn’t sell puts using margin? I’m sorry in advance if this is a stupid question. +I have been working with options for about 3 years. However, I only discovered selling options about a year ago (ya, lost some good money those 1st 2 years) . I started with spreads and did very well. Seemed to either win or get out before big losses a majority of the time and made some good monthly earnings. I always had a feeling that it seemed so easy because the market was just going UP , UP , UP... and had a feeling that when that changed, this would get more difficult. Well, June and July were hard. So I am adjusting my strategies to include more than spreads. I am working on understanding the Greeks now and still feel confident in moving forward. However, I see a TON of people, especially the WSB Apes, giving up and getting the F out of the market. Do you think that losing a TON of retail traders is going to negatively affect the market over the next year or so? +Occasional poster, using throwaway for anonymity purposes. + +I'm mid-50s, $7.75M NW ($6.5M LNW), have been heads down working for my entire career. House is paid for, kids college is paid for. We're living on well below a conservative safe withdrawal rate. + +Original plan was to quit next year when last kid heads off to university, but I'm burned out, don't want to do the commute again post-Covid and my formerly high 6 figure compensation package will most likely be mid 6 figures going forward, due to declining fortunes of the business and end of life cycle of some of the products I support. + +My wife says quit, my family says quit, my tax guy says quit. If I had a dog, he would say quit. So why am I having such a hard time pulling the trigger? Does anyone who has been through this have advice on learning to let go and move on? Particularly if it's happening earlier than you planned? + +Edit: Thanks to all of you for some perspective and good advice. +I have $700 saved atm and I have a steady job where I make around $1800-$2000 a month. I have a dog as well but just from first glance at apartments I dont think Im going to be able to keep him since I wouldnt be able to afford daycare and I cant afford a space large enough for him yet. + +I bought a new truck a few months ago and the payments on that are $297 a month for 5 yrs. Insurance and phone bill is $109 a month. + +I work as a barista and my base wage is $8 an hour but with tips I consistently get another $6.80-$9.75 on top of that. Im being promoted to shift lead in one month which is a $1 raise and then Im supposed to be managing a new location by the end of June so my pay will be raised to $15 an hr and Ill be put on salary (I currently work 39 hrs a week for them part time). + +Im looking at apartments rn but wondering what else to be aware oc and what exactly I should be looking at and considering. + +Edit1: So I listed the truck, I bought it for $14000 but supposedly I can sell it for $17000. It is a 2016 Chevy Colorado with 91,000 miles + +Edit2: I will look for roommates because I feel like my dog wont have the best care if its just me in an apartment. Cheapest daycare in my area would be $400 a month and Id barely have any savings at the end of each month so If something happened idk if Id have the money to pay for it. + +Edit3: One of the big things that lead to the argument was that my mom didnt want the dog home all day, I wanted to put him in daycare but that was cruel since I wouldnt be around him all day. I walked him, played with him and took care of him before I left for work and after I got home. She decided she doesnt want him there because it causes her too much emotional trauma. I dont agree with the sentiment that its cruel to take him to daycare but just the way I was raised with dogs Ive been taught that its not okay to let him sit in a kennel all day. I dont necessarily want to make judgement on the few of you who do that for your dogs, I just dont know how to feel about it because I want to keep him but I dont know if that scenarios best if I can find someone thatll have more tine with him thtough out the day. + +Edit4: I do have an option to move to Las vegas and stay with my brother. I can have a job the second I get down there and my dogs welcome. My only thing is thats a complete life reset so I want to try to stay where I am rn. + +Edit5: I appreciate all the advice guys, I have 3 tours scheduled in the next couple days for apartments. Sadly only one allows dogs so Im hoping thats the one that pans out. Im still gonna be looking for more options this week but who knows. Ill try to keep yall updated. + +Edit6: the dog is a 9 month old dutch sheperd/golden retriever mix. + +Edit7: my phone bill is $9 and car insurance is $100 my bad I figured it was easy to pair the 2 + +Edit8: I got a lot to do, Im gonna tour a couple apartments I looked at today over the next few days. Im going to have a talk with my manager and just kinda see where shes at financially with her pay and see if thats something I actually want to do. If its not, might be in Vegas by weeks end. If It is though I still have to see how the aprtment situation pans out. I appreciate all of this you guys, especially those that didnt necessarily give advice other than keeping my chin up I needed that more than I realized and its comforting to see that even from an internet stranger. Its early, so kind of everythings up in the air but Ill update with each decision I make. Love you guys. + +Edit9: found a place, $550 utilities included, washer and dryer, fridge everything, close to work. Catch being no dog still looking at other options. +**Etherscan shows 258,903 holders for hex** + +I went to etherscan and looked up [HEX](https://etherscan.io/token/0x2b591e99afe9f32eaa6214f7b7629768c40eeb39). It shows that there are 258,903 holders and you can see the top 1,000 holders. However, if you choose Download CSV Export at the bottom, you get the first 100,000 token holders. I went ahead and downloaded these. + +**91,964 out of first 100,000 addresses never bought hex!** + +I also did this for Safemoon and WISB on binance smart chain. I plotted the token balance distributions. For hex, I saw a huge spike in the histogram plot. + +The top plot shows the single spike for hex. In the bottom plot, the vertical scale is logarithmic, so every major tick on the axis means 10 times more balances. + +Looking in the raw data, it appears that most balances have exactly 100 HEX. + +91,964 out of 100,000 addresses have 100 HEX to be exact! + +**One address sent HEX to 173k addresses in large batches, mostly small amounts of 100 and 101 HEX** + +The sender address is [0x0b795e585ec0436e4572cc9b24fc5da1faf9cfc6](https://etherscan.io/address/0x0b795e585ec0436e4572cc9b24fc5da1faf9cfc6). + +Etherscan page for this address found 173,310 ERC20 transactions and shows the last 10,000 transactions. And what do we find here? + +9,693 of the last 10,000 transactions are send transactions of 101 HEX to different addresses. They were all sent on June 27 of 2020 between 17:28 and 19:31. The other 307 transactions after, contains mostly send transactions of larger HEX amounts. Like 14 times a send transaction of 12,201.83575 HEX for example. + +At the bottom, you can choose Download CSV Export again. This gives the first 5,000 ERC20 transactions. The address received 2,000,000 HEX on March 27 of 2020 as first transaction. It sent 1000 HEX each to 1000 different addresses the day after on March 28 of 2020. Then it received another 1,000,000 HEX from the same address on March 29 of 2020. And the next two days, it sent 100 HEX each to over 3998 different addresses. + +Till this day, all these addresses that I've seen, never bought more or sold or staked HEX. You might find a few exceptions if you go through them. I don't know. + +&#x200B; + +https://preview.redd.it/7cvyld96l1t71.png?width=1032&format=png&auto=webp&s=e96d996a1527b750dcfb3d519c17c1feca9d990f + +&#x200B; + +https://preview.redd.it/yddonbt4l1t71.png?width=3554&format=png&auto=webp&s=dfd2c9f094511cbfd03a17d0b0edbd5fbd6dce93 + +https://preview.redd.it/7dy8jct4l1t71.png?width=3578&format=png&auto=webp&s=d2c0ba3e23d084cba3bdc62f9fd5edc1b460cec9 + +https://preview.redd.it/sx8dcct4l1t71.png?width=3572&format=png&auto=webp&s=59281d8dc11a3bd7419ef5179129db4ef3b7606f + +**Summary** + +So we know that of the first 100,000 hex "holders", 91,964 of them never bought hex, but one address just dropped hex to these addresses. And they still have the same amount of 100 or 101 HEX that was sent to them. + +This address made 173,310 ERC20 transactions in total. + +Now, there is still an unknown gap of three months between the first 5000 transactions and the last 10,000 transactions of this address. But we can select a different date range for CSV export to get these transactions. Then we find that almost all the transactions are of small amounts of 100 and 101 HEX sent to different addresses in three months time, between March 27 and June 27 of 2020. + +So we know now that least 173k out of 259k holder addresses never bought hex! + +**Help expose this scam** + +Maybe you could help investigate this further. How much of the 86k remaining holders are real buyers? Richard Heart wants us to believe hex has a large number of users, but most of the holders are not buyers at all. + +&#x200B; + +**Great work by user 11sensei11 (I'd tag but it'd get removed)** + +&#x200B; + +Also this post will be brigaded by the HEX "community" as per usual, but people need to know the truth on this elaborate scam. **Stay away at all costs.** +I'm about a year and a half into my fat fire journey, making decent money, but well away from my full Fat Fire. + + +Just curious what happened that it hit you that you can live the good life now. +We are in Florida, the tenant says their bank has their money on hold for a possible fraud safety. They are not answering my calls or text since Saturday. What should I do? +I know it was just a joke post yesterday talking about the bloodbath, but I was curious to see just how uncommon yesterday's falls were. + +So I downloaded the daily ASX200 data from Yahoo, which goes back to 1992. + +Yesterday's 2.1% fall is not actually that uncommon - falls of at least that size occur one in every 40 trading days (ie 2.5% chance). Its not until you get to -4.1% losses, do you drop below the likelihood of NOT having at least one in a trading year. + +If we also look at this brings us back to the close from X months ago - we can see it is not that uncommon either. For about 36-38% of days, the ASX200 closed at a value lower than 30,60 or 90 trading days earlier. +Here is the budget I have constructed, + +* **Income Post-tax:** $665pw +* **Rent:** $110pw +* **Food:** $50pw +* **Fuel:** $50pw +* **General Expenses:** $50pw (I'm going to put this amount into savings) + * Spotify $12/month + * Soundcloud $12/month + * Phone Bill $110/month + * There is a "Device Payout" option I can choose, this would mean I would owe $1,214 and the plan would stop immediately. I intend to do this as soon as I can, as $1,214 would save me $55 per month over the next 22 months that my phone plan runs for. However, the phone company I'm with, if I took this option, would only allow me to pay it off over 6 months, meaning it would cost $202 per month. Once I have repaid a few thousand of my debts, I intend to loan this money off of someone and get out of the plan immediately to get the most amount of savings. + * Netflix $15/month + * Car Rego $141/3months +* **Short-term Savings (For things I want to buy):** $50pw +* **Debt Repayment:** $255pw +* **Long-term Savings (Investment Account):** $100pw + +&#x200B; + +And my current debts are totalling $32,006 currently, these can all be considered 0% interest as none of them are through financial institutions. + +&#x200B; + +&#x200B; + +Can I get some advice if this is good? I've just gotten out of prison and gotten my first legal job, so its pretty much the first budget I've ever made. +First, I'm glad I found this community! + +About me: I make 200k and am below 24 years old in a HCOL American city. I've diligently invested ~50% of my take-home quite tax efficiently (company supports the Megabackdoor and a Roth 401k). Vaguely, I'm shooting for a 7-10MM retirement if I can keep my career momentum going. Since my situation lets me shovel 60k+/yr in Roth accounts, a substantial chunk of my investments are growing tax free. + +I've considered saving for a condo/home downpayment over the next few years through a CD, but this will probably cut into my investment ratio somewhat. While home buying is a personal decision, I assume many here have also been in this spot. If you went for the property route at the expense of reduced medium-term investments, what made you go this direction? +throw away. Posting mostly as a form of therapy and putting my thoughts down. + +&#x200B; + +We've been well on our way to FatFire - 40 years old, 1 kid. SF Bay Area. Just under $5M in assets. House has $1M mortgage. + +&#x200B; + +I had spent the last few years earning 0 (startup). Probably cost $500K probably in expenses since we couldn't keep up during that time. These days we both have new jobs, earning $1.8M W2 combined. Been saving >600K/year post tax for the past 12 months, and see no reason that couldn't continue. Figured we'd be at $5.5M actual liquid assets with a paid off house in \~2 years which is about my FI point. Then on, we are working just to increase future lifestyle. Yes, I get the math and that \~3% of 5.5 doesn't equal current spend. We're flexible. That's the plump fire number. FatFire is a bit higher for us. + +&#x200B; + +Thing is, I haven't ever loved our house. It's fine (which is disgusting to say, bay area you're broken). I have fantasized about moving. It's never felt like home. This weekend, walked into an open house and fell hard. We can afford it, but it puts our Fat (plump) Fire FU date back at least 2.5 years. + +&#x200B; + +I'm rationalizing so hard right now. + +>'I want my kid to see me work till he's in high school. If I'm working the next 10 years anyway, may as well have a house I love' + +is the latest one. I think it's likely that we'll buy this new house. We're lucky enough that I think we can still do whatever before 50, but I do feel like I'm making a really dumb choice at the same time. It's hard to keep the eye on the prize, and frankly it's constantly moving anyway. So here's to struggling to FI, or Fat, or just push the date and do both. :) +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! + +"Well, I got FUD'ed in June '21 because JPM told me to sell." + +You dare not turn around to face what you assume to be the immensely disappointed looks in your grandchildren's eyes. + +"But you at least must have kept some right?" + +"About that... you know in September '21... There was this real estate company in China that was going bankrupt. And the internet told me to sell." + +"You sold because of some Chinese FUDs? Grandpa!" + +"The redditors told me to sell because it's stupid to buy the dip! It'd dip lower, they said." + +Now the shame is so large your eyes are glued to the ground. + +"Well, at least the shitcoins I bought in 2048 will go up soon." You think, trying to convince yourself, not knowing that a weak hand is forever a weak hand. + +At least you still got that Ford Mustang 2020 from that crypto profits you took in 2021... though how the hell are you supposed to find that extra 0.00785 ETH for the repair? +Hello, + +I have a property that I rent out. Sometimes the tenant complains about some small things such as a garage door not working properly, light bulb that went out (it's pretty high up, they would need a tall ladder and that sounds like a liability nightmare to me), cracked transition floor piece (was broken prior to them moving in and I did a crappy job at fixing it). + +I am thinking about hiring a handyman to take care of these small issues. I found a couple guys in the area via thumbtack, per thumbtack they passed background checks. + +My question: + +* Should I run my own background checks on them? Is that weird to request from them? +* Is auto insurance liability proof enough for a handyman? + +I want to make sure that my tenants are safe and also make sure the handyman has coverage if they were to fall off a ladder, etc. + +How do you handle these types of situations if you use a handyman? + +BONUS QUESTION! + +Also, I am looking to use a property management software, I am going to demo "tenant cloud" today, right now I am doing everything in spreadsheets. Anyone have any recommendations for a property management software suite to look into? + +&#x200B; + +I appreciate any help the community can provide. Thank you. +**In response to the increasing number of election-themed posts, we have set AutoMod to temporarily remove all posts which mention major US presidential candidates, with the following request for a submission statement (i.e. tl;dr):** + +> **Your submission has been temporarily removed because it appears to link to a current campaign topic. Please submit a summary (tl;dr) explaining the relevance of the post to economics, and send the mods a message if you would like it reinstated. Thanks!** + +This is roughly the same procedure we use for images/video, which has worked well to allow relevant content while filtering out off-topic and low-quality posts. + +**We are NOT removing all political content from /r/economics**. Many government policies have interesting economic content, and economic research is often motivated by policy concerns. However, we would like to see posts which involve the work or expert opinion of economics, and which are focused on the economics of the proposal rather than the politics. + +**We are also NOT changing the standards of post moderation on /r/economics**. Rules I and II remain the relevant rules for understanding what is appropriate here. They are in the sidebar and below: + +> I. This subreddit should enable sharing and discussing economic research and news from the perspective of economists. Academic work and summaries are welcome. + +> II. Posts which are tenuously related to economics or light on economic analysis or from perspectives other than those of economists should be shared with more appropriate subreddits and will be removed. This will keep /r/economics distinct from the many related subreddits. + +Finally, PLEASE GIVE US FEEDBACK. We are implementing policies now rather than later in the primary/election season because we want the chance to get people's reactions and experiment with what works. Thank you! + +-- /r/economics mods + +---------- + +Appendix: + +The list of candidate names is as follows: + + +1. Donald Trump* +2. Ben Carson* +3. Jeb* Bush* +4. Ted Cruz* +5. Marco Rubio* +6. Mike Huckabee* +7. Carly Fiorina* +8. Scott Walker* +9. John Kasich* +10. Rand* Paul +11. Chris Christie* +12. Rick Santorum* +13. Rick Perry* +14. Bobby Jindal* +15. "Lindsey Graham" +1. Bernie* Sanders* +2. Hillary* Clinton* +3. Joe Biden* +4. Martin O'Malley* +5. Jim Webb* +6. Lincoln Chafee* + +An asterisk over a name indicates that we filter for that name. For example, Jeb Bush is often referred to by his first name, so we filter on that, while we avoid filtering for Ben Carson's first name due to the higher risk of Type I errors. Some candidates like Lindsay Graham have common first and last names, so we select only on the full name in these cases. +This is our current estimate sheet. Honestly, nothing seems that expensive individually but combined it's just more than I want to spend. The money could definitely be put to other things, you know? I expected $15-$20K at the high end since we just wanted a brewery that has an event space. I think a big part of it is that my family is huge so with both of our families and about 12-15-20 friends each with a plus one, we're at 83 people including a few kids. + +We intentionally overestimated on most things here just so we knew the top dollar amount, but still just more than I expected overall. + +&#x200B; + +|Brewery 10 Hour Time Block (6 hours for $6K) |$8,000|| +|:-|:-|:-| +|Two Bartenders|$300|| +|Beverages|$5,500|| +|Appetizers|$954.50|| +|Entree|$4,565|| +|Dessert|$360|| +|Flowers|$2000|| +|Cake/Cupcakes|$500|| +|Save the Date Cards|$150|| +|Invitations|$150|| +|RSVPs|$150|| +|Thank You Cards|$150|| +|Decorations|$1,000|| +|DJ |$1,700|| +|Hair & Makeup|$1,000|| +|Photographer|$3,000|| + +Total: $29.479.50 + +Edit: + +Thank you to everyone. A lot of the things we saw here we already knew but seeing people actually saying them to us really helped. We've found some "micro wedding" venues, cut the guest list down to immediately family and a few friends, and we've got it down to about $12K. +Hello world 👋 +Gamestop is back on Twitter and I am back on Superstonk...for the first time since yesterday 😉 +Let's check the market! + +Current price "115 minutes in: 148.71 US-$" + +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 $! +https://www.ls-tc.de/de/aktie/gamestop-aktie + +Can you post the volume too? +- +I can't see the volume on my banking app but you can find it online or probably in my comments, since some friendly apes talk about it often. +But remember how low the volume is in the US pre-Market and we're talking pre US pre-market here so I think that the volume doesen't reeeeally matter this early into the trading day. + +Why are you doing this every day, what's the point of posting these numbers, since the volume is nothing compared to the one in the US? +- +I think that it's less about the numbers, it's to show that every minute of every day, there is an ape who's holding GME. +Look through the comments, there are people from all around the world just wishing each other a good morning, how awesome is that? +I think that this feeling of camaraderie is crucial, it's good to know that I'm not the only one liking this stock. +I'm holding since november and I will continue to hold for my brothers and sisters. +We are not a union, we are all individuals who like the stock, but we're still family! + +Starting:                  149.56 US-$ + +5 minutes in: 149.07 US-$ + +10 minutes in: 149.07 US-$ + +15 minutes in: 149.07 US-$ + +20 minutes in: 148.40 US-$ + +25 minutes in: 148.40 US-$ + +30 minutes in: 147.13 US-$ + +35 minutes in: 147.13 US-$ + +40 minutes in: 147.13 US-$ + +45 minutes in: 147.13 US-$ + +50 minutes in: 147.13 US-$ + +55 minutes in: 147.13 US-$ + +60 minutes in: 147.13 US-$ + +65 minutes in: 147.13 US-$ + +70 minutes in: 148.40 US-$ + +75 minutes in: 148.77 US-$ + +80 minutes in: 147.92 US-$ + +85 minutes in: 148.77 US-$ + +90 minutes in: 148.59 US-$ + +95 minutes in: 148.59 US-$ + +100 minutes in: 148.77 US-$ + +105 minutes in: 148.71 US-$ + +110 minutes in: 148.71 US-$ + +115 minutes in: 148.71 US-$ + +The US pre-market is about to open so that's it for the day 🇺🇸 +Busy day at work today, sorry for being inconsistent. +I'll see you all again tomorrow! 👋 +Let's give 'em hell! +Okay, so I'm not asking about the debate of whether small cap is a better investment vs mid or large cap. Rather, I'm trying to understand how buying a small cap ETF (as opposed to a total market ETF) makes sense if the stocks will be sold once they no longer qualify as small cap and one isn't able to ride that growth wave all the way through to large cap. Again, not really looking into the probability of small caps outperforming or becoming large caps in the future. I'm trying to understand how small caps ETF makes sense because if certain stocks do well you can't hold on to them when their market capitalization grows. +I know I am going to get a lot hate, but hear me out. Lately I have been giving this a lot of thought. Investment companies buying up SFR aggressively since 2010, and these companies have grown to a point where we are at risk of never being able to own a home. + +Companies like Invitation homes, American Homes 4 Rent, and Tricon Residential have accumulated up to 168,000 homes in the past couple years. Tricon’s new goal is to buy at least 800 homes a month. It is nearly impossible for the average person to be able to compete with these companies that are gaining money under disguise of REIT’s. + +Some people will say “these companies only own a small fraction at the moment”. If this is you then ask yourself “when do you think they will stop buying”? These major companies are not going to stop until somebody stops them. As long as people need houses they will continue to out bid you and then try to rent the house to you at a higher rate each year. + +I foresee with in a couple more decades our nation is going to turn into a nation of renters bc these major companies will own the grand majority of the SFR. How are our kids going to be able to afford to compete against these all cash companies? + +This post is a legit concern and I am curious how do you think this will play out? + +Please no sarcastic comments. Lets have a rational conversation. +I've recently made the decision to convert all my Roth IRA and HSA investments to Avantis ETFs. After I learned about risk factors earlier this spring and reading a lot online about how to implement the Fama-French factor model into my portfolio I've decided to take the plunge. The thing I really enjoy about Avantis is their methodical index-like approach to choosing their investments and I believe they are delivering on risk factor exposure in their suite of ETFs as advertised. Can anyone here validate my opinions? If I'm drinking from the kool-aid will someone snap me out of it? + +Specifically I'm planning on going 25% large cap with them (AVUS), 25% Small Cap Value (AVUV), and half my portfolio will be international -- split evenly between Developed Markets (AVDE), Emerging Markets (AVEM) and international small Cap Value (AVDV). + +It occurred to me that I might be eschewing diversity by accident by ignoring market beta entirely. I've got a pretty decent amount of money in my 401k tracking the S&P500 so I think I'll still have decent exposure to market risk. I also have about 1/5th of my net worth in a Hedgefundie style strategy so I have pretty significant exposure to the S&P500 there as well. + +My time horizon to retirement is 20+ years. What do you guys think, is Avantis as big of a deal as I think they are? I appreciate the feedback! +Hello everyone, + +I started this year as most new investors have in the stock market. Riding a bullish market and huge comebacks from the coronavirus, my account was up 280% and reaching 50K. I then proceeded to jump onto the SPAC craze and made some money and then had some major ups and downs there. In one day I lost 10 thousand dollars all because I wanted to keep making the next big trade. + +I probably checked my phone 100 times a day and was on an emotional rollercoaster. I truly was addicted to trading and even in winning positions, that I knew were long holds, couldn’t be held for more than one week + +I’m posting this because I’m choosing to go the ETF route and I’m going to let my gains and wealth build over time the smart way. It’s very difficult for me to do this, but I needed help while still investing in my future. + +If you guys could post success stories, long term gains, and wealth built from this strategy it would truly help me. All I see these days are people gambling in penny stocks and hitting it big and it doesn’t help me whatsoever. + +My positions + +100 shares SPY + +900 shares ICLN + +750 shares BETZ + +Adding 500 bucks monthly plus added per diem from my job. + +Thank you guys in advance! +Hi, I am fairly new to ETFs and still learning. I have been wanting to invest in Vietnam stocks as it is emerging as the next manufacturing hub, from furniture to semiconductors. I was wondering is anyone has any expeience in investing in Vietnamese ETFs and also any educated opinion on the same is also welcome! Thanks in advance! +I am 35yrs old. I am aggressively saving for retirement. I have some reserves for emergencies so all my investment choices are with long term 10-20yrs timeline. + +My portfolio goal: + +* Medium to high growth (Since I am saving for long term I am excluding conservative plays) +* Medium to large cap +* I don't need dividends, I prefer faster capital growth +* I strongly believe in themes like tech, cloud computing, cyber security but I also don't want ridiculously overvalued companies + +Looking forward for your ETF suggestions +original post https://www.reddit.com/r/personalfinance/comments/6bgwqr/wife_started_new_job_told_by_her_supervisor_to/?st=j3kwbuqn&sh=a3b394af + +So its been a few weeks. Since then my wife has got a new job. She had meetings with her supervisor and their supervisor before leaving. The first meeting did not go well. The second did.. we thought. She was told she would receive her mileage check and her corrected time sheet pay. She has received neither. She asked about the issues getting her final payment and got the run around about needing more paper work blah blah blah. She has since gotten a hold of the Indiana Labor Department. They are currently investigating. More to come soon. +My mortgage was just sold. After 10 years with Wells Fargo, I'll now be paying Select Portfolio Servicing or SPS. I never had any real love for Wells Fargo, but I suppose I had some confidence in the brand...and I never had any problems. They were always responsive and my documentation was always clear. A quick search on SPS and...well, the reviews aren't great. I doubt that Wells Fargo is particularly loved either so I take it with a grain of salt. But this change makes me wonder if I should refinance. For context, I'm 10 years into a 30 year fixed at 4.25% and have $130,000 left on the mortgage and my credit score is 764 (took a drop because I got a new credit card). Here are my questions: +1) Is there a mortgage company that I can feel good-ish about? +2) How much do I have to pay to refinance? What are the costs I need to think about? +3) My income has really dropped since I took out this mortgage because I left to start a business. At the moment I only make about $45,000 and it comes from a few different sources, including rental income from this property (I don't live it in anymore). But my income is a bit more complicated than a straight w-2. + + +Can I refinance with my income? Who should I refinance with? +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! + +There’s a lot of experienced and skilled folks here and we’d love to learn what strategy you use/works best for you. Us beginners are scouring the internet trying to piece together a strategy and I thought having a centralized strategy playbook might help us test/paper trade it to quickly find a favorable one. + +(If this is against any rules or not value add, please go ahead and remove) + +Thank you! +I wanted to ask the group about whether you regularly reinvest your dividends- and if so- is there a point at which you would turn that off and just take the cash. + +I was fortunate enough to invest in some stocks over the last year at some fairly favorable yields and I have seen the yield of those stocks go down as the price has gone up. While my yield on cost remains where I bought it- any additional dividends are being reinvested at a lower yield and I am wondering if I could do better redeploying my money elsewhere into higher yielding stocks. + +I would just like peoples opinion on what they do in this situation. +It feels like the quality of posts from this community is spiraling downward. For every good, thought provoking post, there are 15 that can be summed up as: + +"What do you think about XXXX stock? It yields XX% and I think it's good" + +Try to at least have a general investment thesis to react to. So in addition to the yield, talk about valuation, talk about growth, talk about the balance sheet, talk about competitors, talk about historical performance, talk about the management team, talk about total return, etc. + +These low effort posts are out of control +Please stop coming in unnecessarily. We know people are bored at home so have been sat around counting the coin jar, or you've found that cheque that your Nan gave you at xmas. + +Now is not the time to come into your bank unless it is absolutely necessary. We are very low on staff and it is not worth risking our lives for non essentials + +If this message changes literally one person's plans over the next few weeks then it was worth it +While browsing the internet I found this interesting video about a research paper on real state of Chinese economy [https://www.youtube.com/watch?v=A5A5Eu0ra3I](https://www.youtube.com/watch?v=A5A5Eu0ra3I) I find it especially interesting in face of articles like [https://www.business-standard.com/article/international/china-s-once-profitable-railways-records-900bn-debt-over-push-for-growth-122070800124\_1.html](https://www.business-standard.com/article/international/china-s-once-profitable-railways-records-900bn-debt-over-push-for-growth-122070800124_1.html) and the whole Evergrande problems [https://www.dw.com/en/tense-times-for-chinas-evergrande-as-unit-sale-collapses/video-59573923](https://www.dw.com/en/tense-times-for-chinas-evergrande-as-unit-sale-collapses/video-59573923) +Hi All, + +I recently got a private tour of a house that was going to be out on the market shortly. The house is a two family house (2 units of 3 bd, 1 bath). Over the years the owner has invested money into annexing the attic into a two bed unit with its own kitchen and full bath. The owner also converted part of the basement into a phenomenal one bedroom apartment, with its own fully equipped kitchen and bath. Two issues I am concerned about: + +1. The city doesn’t know about the basement nor the attic, they think it’s just a family house. The owner claims the renovations were done to code but just didn’t pull a permit. Has anyone dealt with a situation like this? This house is in a great location, cashflows very well, and this situation presents a good buying opportunity. Should I run or stay? + +2. If I stayed and went along with making an offer, what would a fair offer be based on? The houses two family, as a four unit or somewhere in between ? The house will certainly be evaluated by the bank as a two family so pricing as if it was anything else will probably result in issues down the road. + +3. What happens if I close on the house and the city finds out, would I be on the hook to tear it down or would it be grandfathered in? +# TL;DR: Buy, Hodl, Register + +Ok so, with all this talk about ComputerShare I wanted to know how many shares do ~~we~~ retail actually need to directly register in order to begin triggering MOASS at the earliest point. Obviously if ~~we~~ retail register all of the shares, that works too. This is about minimum estimates. + +My maths here is straightforward the float is the number of shares legally outstanding, minus shares held by insiders and by instititons. I have attached screenshots from GameStop's 10-Q, and the Fintel Insider and Instittuional pages for sources. + +* The number of legally outstanding shares is 76,491,496 +* The number of Insider shares according to Fintel is 14,664,859 +* The number of Institutional shares is 25,649,066 + +So 76,491,496 - 14,664,859 - 25,649,066 + +So the retail float that's meant to be available legally is **36,177,571** + +To work out the averages shares required to be registered per person in order to absorb this remaining 36,177,571 shares and remove it from the DTCC's fuckery, I have chosen the number of 500,000 Apes. I am basing this off of a discounting of Superstonk members. I know it is not accurate, it is an estimate, and a dramatically low one. Nevertheless + +**36,177,571 / 500,000 = 72.35** + +Thus our minimum estimate for the average number of shares a member of SuperStonk may wish to consider Directly Registering in their own name through Computershare is around 72. I recall from the various survey attempts that have been made, such as by u/Get_It_Got (which used a very conservative methodology to weight response) produced average shareholding of between 38 and 41 shares per person from population sizes of 1000 and 2000 respondents. Everything is an estimate, and an undersestimate at that, but it seems reasonable to me that if you exceed these numbers you consider registering a high proportion of your shares directly in your name if this is appropriate to your circumstances and your personal moass plan. + +For further considerations, if the total legal shares outstanding of 76,491,496 is divided amongst and registered by 500,000 apes then this would be only 152 shares on average to register. + +This is not financial advise, derp de derp + +# Sources + +[GameStop Q https:\/\/sec.report\/Document\/0001326380-21-000090\/gme-20210731.htm ](https://preview.redd.it/ailkq899g2o71.png?width=1920&format=png&auto=webp&s=f04605d5af482492705eac522e1b1440f66031e4) + +[Fintel GME Insider holdings https:\/\/fintel.io\/n\/us\/gme](https://preview.redd.it/85o1d399g2o71.png?width=1350&format=png&auto=webp&s=3bc125a6128b747010f75a783d7bdea839ae22fe) + +[Fintel GME Institutional Holdings https:\/\/fintel.io\/so\/us\/gme ](https://preview.redd.it/an3kc799g2o71.png?width=1330&format=png&auto=webp&s=eee041b5192c4d0dc6cc5538c144fe5697f3f9b6) + +[DTCC](https://preview.redd.it/qp20eegxl2o71.png?width=679&format=png&auto=webp&s=e75ec9529dc66322052fce4f3d9dfd96ed0c4304) + +Edit: Absolutely loving the energy and positivity here. You guys are awesome. +If I understand correctly, high leverage just allows you to make larger trades. It isn't more risky and it doesn't affect your profits/losses. + +If you only want to risk 2% of your account on a trade, high leverage just means you need less capital in your account. So why is everyone advising against high leverage? It is purely to stop people trading too much volume or am I missing something? +Hi all, + +We started a testrun on the Kovan test-network. We welcome everyone to participate and give feedback: https://gnosis-tokens.digitalmob.ro/token +Please ask here to get Kovan testnet Ether if you don't have any: https://gitter.im/kovan-testnet/faucet +The auction is limited to 3000 testnet Ether. Please don't bid large amounts to allow everyone to try out the bidding process. + +Thank you! +If you're using ERC20 to do ICO, this should be the golden rule. You benifit from the platform, should contribute to the platform. + +EF can use the money to support base research or some critical protocal leval projects like Raiden. + +If anyone do this, I'm happy to double my contribution. + +Anyone with me? +If you just want to see the results, just click Part Time 3+ years. + +Please upvote so more people see and vote! + +Let's break it down between people who worked on it full time and part time. + +I'm limited by the amount of options I can give eon the pole, but if your answer doesn't fit into this, please write it in the comments! So please feel free to give details in the comments if you'd like to share. I find it really interesting, not just a general idea of traders, but also this subreddit. + +If you managed to start making 10k a month within 6 months, go ahead and write it in the comments. If you managed to start making 3k a month, but it took you 5 years of working 2 hours a day part time, go ahead and put to in the comments. + +[View Poll](https://www.reddit.com/poll/ivr8s5) +27yo, looking to put about 1000$/month towards retirement/future projects. I currently have about 20,000$ saved including my emergency fund (8000$ of that). It's all sitting in my checking account right now. + +I plan on moving the emergency fund to a HISA but will be left with about 12,000$ to invest. + +My issue is that I keep on hearing that the canadian dollar is going down, that an impeding stock market crash will occur and that stocks are at an all time high. I guess I'm in some sort of investing paralysis. + +&#x200B; + +I think my plan is to purchase VGRO through Questrade but it seems like with all that's predicted, this seems like a bad idea. Perhaps doing some sort of DCA will help with my worries? + +Do you have any suggestions on this? Should I just park the 12,000$ with the emergency fund in a HISA and wait out for things to settle? Are my worries justified or o I just need to get used to this feeling and just dive right in? + +&#x200B; + +Thanks! + +&#x200B; +Investments or lifestyle... + +I'm 20 & have 15k in VDHG w/ dividends reinvested. Also adding 2k a month into it. (So I'm saving to invest in that). + +Might start a digital product & personal brand on social media. This is low cost start up so I don't need to save much. + +May set up a direct debit for super, $200 a month. (So save 200 a month to put into that). +# 📺 📺 [Wes Christian AMA](https://www.youtube.com/watch?v=2rJujnpKiqM) 📺 📺 + +Just a heads-up we have decided that it would be best to have a single live chat. This means we will be refraining from having a youtube chat so all the action can be here. Also having the automod to help us moderate this chat helps keep it from getting too shilly. Enjoy! + +This is a list of the top 20 companies that experienced the largest change in insider shares in the last seven (7) days. +The SEC defines an insider as any officer, director or 10% shareholder. It is not illegal for these people to buy or sell their own shares. +In fact, since most of them get paid in stock options, it is expected. However, it is illegal for them to trade on inside information +that has not been made public. So for example if there are drug trial results that are bad and not public, +insiders cannot dump shares. That said, many people have observed that insiders - in general - seem to have a good +track record at timing their purchases. All trades that are marked as part of a 10b5 plan are excluded from this report. + +## Largest Insider Buying (Last 7 Days) +Company|Count|Shares Changed|Avg. Price|Value Change +--------|-----:|-----:|-----:|--------: +[LIVE / Live Ventures Incorporated](https://fintel.io/n/us/live)|1|28,672|| +[BATRR / Liberty Media Corporation](https://fintel.io/n/us/batrr)|2|1,590,708|33|53,187,708 +[NARI / Inari Medical, Inc.](https://fintel.io/n/us/nari)|14|1,044,045|19|19,836,855 +[ALT / Altimmune, Inc.](https://fintel.io/n/us/alt)|6|1,303,636|8|11,395,493 +[CAR / Avis Budget Group, Inc.](https://fintel.io/n/us/car)|3|499,640|19|9,883,152 +[JAZZ / Jazz Pharmaceuticals, Inc.](https://fintel.io/n/us/jazz)|5|50,000|111|5,553,805 +[DVAX / Dynavax Technologies Corp.](https://fintel.io/n/us/dvax)|1|1,000,000|5|5,000,000 +[SCPH / scPharmaceuticals Inc.](https://fintel.io/n/us/scph)|1|578,034|9|4,999,994 +[AVID / Avid Technology, Inc.](https://fintel.io/n/us/avid)|3|676,008|6|4,320,594 +[ZMTP / Zoom Telephonics Inc.](https://fintel.io/n/us/zmtp)|1|822,368|2|1,249,999 +[EVF / Eaton Vance Senior Income Trust ](https://fintel.io/n/us/evf)|2|229,484|5|1,190,477 +[RCL / Royal Caribbean Cruises Ltd.](https://fintel.io/n/us/rcl)|1|20,000|49|972,518 +[GDOT / Green Dot Corp.](https://fintel.io/n/us/gdot)|2|25,000|37|919,000 +[OPK / Opko Health, Inc.](https://fintel.io/n/us/opk)|20|350,000|2|803,961 +[CWGL / Crimson Wine Group Ltd.](https://fintel.io/n/us/cwgl)|2|111,428|6|612,854 +[OPRT / Oportun Financial Corporation](https://fintel.io/n/us/oprt)|2|51,313|10|499,966 +[NHS / Neuberger Berman High Yield Strategies Fund](https://fintel.io/n/us/nhs)|2|41,163|10|429,164 +[NMFC / New Mountain Finance Corporation](https://fintel.io/n/us/nmfc)|2|40,909|9|387,664 +[CSWI / CSW Industrials, Inc.](https://fintel.io/n/us/cswi)|1|5,000|70|348,400 +[PHD / Pioneer Floating Rate Trust](https://fintel.io/n/us/phd)|2|39,335|9|344,943 +[EARN / Ellington Residential Mortgage REIT](https://fintel.io/n/us/earn)|2|27,500|10|266,967 +[ARDC / Ares Dynamic Credit Allocation Fund, Inc.](https://fintel.io/n/us/ardc)|1|20,000|11|226,276 +[LQDT / Liquidity Services, Inc.](https://fintel.io/n/us/lqdt)|1|40,959|5|223,227 +[GBAB / Guggenheim Build America Bonds Managed Duration Trust](https://fintel.io/n/us/gbab)|3|9,000|23|204,652 +[DHY / Credit Suisse High Yield Bond Fund](https://fintel.io/n/us/dhy)|2|100,000|2|193,000 +[CBTX / CBTX, Inc.](https://fintel.io/n/us/cbtx)|3|10,000|19|191,639 +[SSSS / Sutter Rock Capital Corp.](https://fintel.io/n/us/ssss)|1|25,000|6|159,750 +[DGICB / Donegal Group, Inc. Class B](https://fintel.io/n/us/dgicb)|1|10,000|14|136,400 +[FLXN / Flexion Therapeutics, Inc.](https://fintel.io/n/us/flxn)|2|12,307|10|119,993 +[TFFP / TFF Pharmaceuticals, Inc.](https://fintel.io/n/us/tffp)|1|20,000|5|101,600 +[UIHC / United Insurance Holdings Corp.](https://fintel.io/n/us/uihc)|3|13,532|8|101,533 +[BSGM / BioSig Technologies, Inc.](https://fintel.io/n/us/bsgm)|7|8,600|10|86,523 +[PRTS / U.S. Auto Parts Network, Inc.](https://fintel.io/n/us/prts)|4|13,190|6|81,362 +[TCC / Trammell Crow Co.](https://fintel.io/n/us/tcc)|2|10,000|7|72,280 +[OVLY / Oak Valley Bancorp](https://fintel.io/n/us/ovly)|1|5,000|14|72,250 +[GTN / Gray Television, Inc.](https://fintel.io/n/us/gtn)|1|5,000|14|71,950 +[FIF / First Trust Energy Infrastructure Fund](https://fintel.io/n/us/fif)|6|6,500|11|71,522 +[CRD.B / Crawford &amp; Co.](https://fintel.io/n/us/crd.b)|2|9,383|6|55,951 +[ARES / Ares Management, L.P.](https://fintel.io/n/us/ares)|1|1,340|37|50,103 +[SMBC / Southern Missouri Bancorp, Inc.](https://fintel.io/n/us/smbc)|1|2,000|25|49,620 + +## Largest Insider Selling (Last 7 Days) +Company|Count|Shares Change|Avg. Price|Value Change +--------|-----:|-----:|-----:|--------: +[AVTR / Avantor, Inc.](https://fintel.io/n/us/avtr)|4|-62,065,657|16|-986,942,112 +[SLQT / SelectQuote, Inc.](https://fintel.io/n/us/slqt)|24|-30,201,647|19|-570,811,128 +[BILL / Bill.com Holdings, Inc.](https://fintel.io/n/us/bill)|4|-5,800,000|63|-366,908,000 +[HTZ / Hertz Global Holdings, Inc.](https://fintel.io/n/us/htz)|1|-55,342,109|1|-39,846,318 +[BBY / Best Buy Co., Inc.](https://fintel.io/n/us/bby)|5|-319,196|80|-25,438,923 +[AYX / Alteryx Inc.](https://fintel.io/n/us/ayx)|11|-108,041|147|-15,787,046 +[WMS / Advanced Drainage Systems Inc.](https://fintel.io/n/us/wms)|5|-250,000|45|-11,196,742 +[TDG / Transdigm Group, Inc.](https://fintel.io/n/us/tdg)|6|-20,000|434|-8,657,698 +[TDY / Teledyne Technologies Inc.](https://fintel.io/n/us/tdy)|8|-23,464|358|-8,493,829 +[EXPE / Expedia, Inc.](https://fintel.io/n/us/expe)|4|-100,000|85|-8,444,841 +[GSHD / Goosehead Insurance, Inc.](https://fintel.io/n/us/gshd)|12|-134,289|61|-8,142,013 +[IART / Integra LifeSciences Holdings Corp.](https://fintel.io/n/us/iart)|3|-147,912|52|-7,711,575 +[SNPS / Synopsys, Inc.](https://fintel.io/n/us/snps)|4|-43,758|171|-7,477,086 +[APO / Apollo Global Management LLC](https://fintel.io/n/us/apo)|3|-135,000|48|-6,416,202 +[DLB / Dolby Laboratories, Inc.](https://fintel.io/n/us/dlb)|3|-99,664|60|-6,039,233 +[NKE / Nike, Inc.](https://fintel.io/n/us/nke)|1|-60,000|98|-5,880,000 +[MA / MasterCard Incorporated](https://fintel.io/n/us/ma)|2|-19,230|304|-5,849,519 +[V / Visa, Inc.](https://fintel.io/n/us/v)|1|-26,150|192|-5,017,380 +[ECL / Ecolab, Inc.](https://fintel.io/n/us/ecl)|1|-22,800|205|-4,677,602 +[BLD / TopBuild Corp.](https://fintel.io/n/us/bld)|5|-33,216|120|-3,957,591 +[OSPN / OneSpan Inc.](https://fintel.io/n/us/ospn)|3|-176,000|20|-3,538,640 +[POOL / Pool Corp.](https://fintel.io/n/us/pool)|4|-13,144|245|-3,216,364 +[NDSN / Nordson Corp.](https://fintel.io/n/us/ndsn)|4|-17,036|179|-3,052,072 +[ROK / Rockwell Automation, Inc.](https://fintel.io/n/us/rok)|2|-13,967|216|-2,998,955 +[CACC / Credit Acceptance Corp.](https://fintel.io/n/us/cacc)|1|-8,066|354|-2,854,907 +[TRTN / Triton International Limited](https://fintel.io/n/us/trtn)|2|-87,111|32|-2,759,763 +[VRSK / Verisk Analytics, Inc.](https://fintel.io/n/us/vrsk)|1|-16,851|163|-2,752,442 +[BLK / BlackRock, Inc.](https://fintel.io/n/us/blk)|3|-5,100|527|-2,685,734 +[ALGN / Align Technology, Inc.](https://fintel.io/n/us/algn)|1|-10,000|251|-2,511,534 +[AOS / Smith (A.O.) Corp.](https://fintel.io/n/us/aos)|1|-52,400|47|-2,464,634 +[CHE / Chemed Corp.](https://fintel.io/n/us/che)|1|-5,000|484|-2,419,900 +[LMNX / Luminex Corp.](https://fintel.io/n/us/lmnx)|3|-75,000|31|-2,328,600 +[AMK / AssetMark Financial Holdings, Inc.](https://fintel.io/n/us/amk)|8|-87,800|27|-2,308,149 +[CDLX / Cardlytics, Inc.](https://fintel.io/n/us/cdlx)|8|-34,824|66|-2,300,804 +[DIOD / Diodes Incorporated](https://fintel.io/n/us/diod)|11|-43,286|51|-2,199,581 +[GGG / Graco Inc.](https://fintel.io/n/us/ggg)|1|-45,000|47|-2,115,000 +[ZBRA / Zebra Technologies Corp.](https://fintel.io/n/us/zbra)|2|-8,067|256|-2,065,266 +[ORCC / Owl Rock Capital Corporation](https://fintel.io/n/us/orcc)|2|-156,469|13|-2,002,961 +[FICO / Fair Isaac Corp.](https://fintel.io/n/us/fico)|3|-5,000|396|-1,982,257 +[YMAB / Y-mAbs Therapeutics, Inc.](https://fintel.io/n/us/ymab)|1|-50,000|39|-1,969,235 +[A / Agilent Technologies, Inc.](https://fintel.io/n/us/a)|3|-21,599|86|-1,863,636 + +*Count* column is number of transactions. + +Source: [Fintel.io/insiders](https://fintel.io/insiders) +I am officially declaring FIRE today. + +&#x200B; + +I had a major health issue (life changing - heart attack) two months ago and I am no longer willing to deal with the stress of Corporate America. + +&#x200B; + +I am targeting a 3.5% withdrawal rate. I am a bit nervous doing this, but it is better than dying on the job in a few years. + +**EDIT - THANKS for all the well wishes and especially everyone that took the time to tell me to GO FUCK MYSELF!!!!!!** + +Thanks! I appreciate it. + +Good luck to all of you! +In about 24 hours we will have the last Ethereum update before the merger to proof of stake from proof of work. A true milestone not only for Ethereum but for all of Crypto as this has been one of thr most anticipated events in crypto ever (maybe the most) and it's gonna have in just a few days... + +Still can't believe that we have come this far it always seemed like we will never get this update after so many delays. But now on the Sep 15th it's finally here. Even if it's overhyped now it's truly something special here. +Everything has started to go down hill since fall of 2016 and I'm hitting rock bottom. I am failing out of nursing school. Failed a nursing class last semester and retook it in the summer \[usually they do not offer same yr retakes, but offered it during the off season\] and it cost me 2k. My parents have been paying for school under the requirements that I do well. Since I did not do well, I paid for it. I wrote a check and took the class, passing with a B+. I have suddenly found myself in the same situation. I am failing both nursing classes now \[C+ in both, I need B- to continue\]. I can retake one, so now I have to leave my school. My parents told me I have to pay them back for the semester \[\~14k\]. I have 12k to my name that I have saved by working a lot since 15 years old. They will not pay for future semesters at the school I will be transferring to. This school accepts previous dismissals from other schools, but I have to add a year. So, right now I am a junior, I will be in school for an additional year at this institution. However, I cannot get financial aid because my parents make over 200k combined. And like I said, they refuse to pay for it. My boyfriend helps me financially every once in a while, but I anticipate him leaving me because my new school will be around 2 hours away from him. This is really really hard for me. I'm disappointing my parents, my boyfriend will be leaving me, I am leaving my friends, I can't pay for school, and I am soon to be in debt. How do I move forward? Do I take out loans? I don't believe I can get financial aid due to my parents income. How do I do this? + +&#x200B; + +EDIT: I have no job currently, no car, and I think my parents would charge rent if I decided to stay home. I have no credit, no credit cards, or any debt in general so far. + +EDIT #2: Thank you everyone for your responses. I just want to clarify- I am 20. I am taking 4 classes \[2 of them being nursing\] and I am on track with what the university recommends to graduate in 2 years. And I do not use drugs nor party. My parents are not rich on any level, they live modestly \[no designer things or new cars, they rent, I went to public school, etc\] and they do not throw money at me willy-nilly. They have offered to pay for undergrad under the conditions that I do well. C+ in nursing is not cutting it + +EDIT 3: Please note my ptsd comment somewheres below the post. I am not on medication and there are no written documents that state I will pay my parents back. I intend to pay them back regardless + +EDIT 4: I am in the USA and in the north east. And my ptsd is due to my ex roommate freshman year of college. My parents do not believe I have ptsd/ignore the fact that I do. Sorry for all the confusion + +EDIT 5: A lot of you are telling me to take a year off and do something in the health field (CNA, phlebotomy, some type of certificate). Going to try to do my best on my finals coming up. In the event I do fail, I think taking a year off and focusing on work would be beneficial. This post has blown up and I can no longer keep up with the comments. Thank you everyone! +$TENDIE the core utility token of the TendieSwap ecosystem currently has a $20mm MCAP in 3 weeks and a deep tight knit community of long term HODLers (5000+ wallets). It has already started it’s journey to becoming a future DeFi powerhouse. Don’t miss out the largest DeFi ecosystem coming to Polygon. + +🚨www.tendieswap.org🚨 + +Get your chicken tendies ! + +The $TENDIE ecosystem coming soon on POLYGON And BSC is divided into 6 unique worlds : + +🔥TENDIEDEX : This revolutionary Cross-chain aggregator DEX with limit orders, stop-loss functions and more combining the best of DeFi and traditional financial markets to bring an all encompassing DEX. + +🔥TENDIEBETS : The future of decentralised betting, by the people for the people. The first ever truly decentralised Peer 2 Peer betting and Prediction market on BNB, DOGE, BTC & ETH. P2P betting on binary & ternary sports, financial and other popular events. Beta version is already live and we have strong proof of concept with Mayweather vs Logan Paul fight with a large betting pool. + +🔥TENDIEFARMS: Redistribution of Fees generated by the protocol to $TENDIE holders through our non-native Farms. Stake or Farm $TENDIE to receive BNB & MATIC + +🔥TENDIEDAO : The DAO will grant $TENDIE holders the ability to vote, via staking their $TENDIE tokens, to drive decision making for the TendieSwap Protocol. + +🔥Decentralised Asset Management (TENDIEDAM) : A new revolutionary DAO run project that will include the community along with the $TENDIE board of advisors, to build a community run hedge fund. + +🔥Initial Tendie Offerings : New projects that want to launch, can approach us to use our platform for their launch. $TENDIE holders will earn the resulting fees and also have early access to the pre-sales. + +🚀ROADMAP: + +https://www.tendieswap.org/#/roadmap + +Already live with Beta on BSC and Launch on Polygon in next 2 weeks !! + + +🚀Team Bios: + +https://tendieswap.medium.com/tendieswap-team-628621ff8af8 + + + +Socials: +🐣Twitter: https://twitter.com/tendie_swap +🐔Telegram : https://t.me/tendieswap +🐔 Medium: https://tendieswap.medium.com/ + + +GET YOUR CHICKEN TENDIES!! + + +$TENDIE TOKEN ADDRESS : 0x9853A30C69474BeD37595F9B149ad634b5c323d9 + + + +Disclaimer: $TENDIE is a high risk coin. Invest with care and always do your own research. +Hey there, I hope this is okay to post here. So I recently received a raise from 18.22 to around 24.45, I work 40 hours a week and currently take around 1,090 biweekly after taxes. My current rent is $1100+ about $100 range utilities. I also spend about $300-400 on groceries a month, excluding my cat which is about $80 +-90 a month at max including insurance. Thankfully, I am finically secure with a 24k savings should anything happen, but my account has never been over drafted or under like $2-3k before next pay period. I have financial anxiety as well as dyscalculia, so I worry if I can spent rent on my own. (I’m in a 2br and the amount they charge is asinine.) A lot of places won’t consider me despite having no issue paying rent on time and having stable savings, so I may pay for a guarantor. Could someone assist me please in seeing if I can afford like a $1.5K max appt myself? How much would I need monthly to make that work with other things? Also, my savings account is with Ally, is there is there something better I should be doing with my savings to invest? + + +Note: I get around $350 assistance monthly so it helps mostly for food. (Not SNAP, couldn’t apply.) +First off, there still seems to be a huge misunderstanding on what the different order types are and how they should be used for MOASS. + +So let’s break it down, there are 2 main types of order, limit and market. + +Limit is what you want to use when selling. + +A market order should never be used, unless it’s a market buy and you’re FOMOing in to get more shares. +They should never be used when selling, period. + +When it comes to limit orders, you can do what I like to call a pre limit sell, or a post limit sell. Pre limit sells are terrible, and are the reason CS has made these changes. + + + +***Pre Limit Sell*** + +This is when you put in your sell order now, when current price is far below your sell order price. All those apes who had sell orders in for $214k were basically telling the market…” I have a share for sale here, at a price of $214k, and I don’t want any more than that for it”. + +And that’s exactly what they’ll get, not a penny more. The order won’t fill until the bid reaches that price. This order has a floor and ceiling of exactly $214k. + +Pre limit sells also create massive sell walls that will negatively impact MOASS. + + + +***Post Limit Sell*** + +So MOASS has begun, the price is $100 million+, and CS have reinstated the $214k limit. If you put in your limit sell order now, when current price is far above your sell order, you’re telling the market… “I have a share for sale here, I want the absolute maximum I can get for it, and I’m not willing to let it go for anything less than $214k”. + +Your order will be filled at the best available price (NBBO) as soon as it hits the market, and you are guaranteed to get $214k at absolute minimum. It’s basically like a market order, but with free insurance. This order has a floor of $214k, with no ceiling. + + + +***Market order*** + +When selling using a market order, you’re basically telling the market… “I have a share for sale here, and I want to sell it ASAP. I want to sell it for as much as possible, but I’ll happily take anything for it. I have no minimum requirement”. + +A market order should fill at NBBO, but because you have no minimum requirement, during MOASS your shares could be sold for next to nothing. Expect broker fuckery if you sell with a market order. This order has no floor, or ceiling. + + +&#x200B; + +A Post Limit Sell is the only order type you can use to sell for the highest price possible during MOASS. Pre limit and market sell orders are for paper hands. + +CS made these changes as a huge amount of apes had pre limit sell orders in. The best part of the change is all those orders will now be deleted, and any sell walls at $214k will be removed. Just please don't build another one at $3.5k! + +As for the lower limit, CS will have to increase that as the price rises, so telephone numbers are still on the menu. + + + +See you all on the moon +🚀🚀🚀🚀 +First off, there still seems to be a huge misunderstanding on what the different order types are and how they should be used for MOASS. + +So let’s break it down, there are 2 main types of order, limit and market. + +Limit is what you want to use when selling. + +A market order should never be used, unless it’s a market buy and you’re FOMOing in to get more shares. +They should never be used when selling, period. + +When it comes to limit orders, you can do what I like to call a pre limit sell, or a post limit sell. Pre limit sells are terrible, and are the reason CS has made these changes. + + + +***Pre Limit Sell*** + +This is when you put in your sell order now, when current price is far below your sell order price. All those apes who had sell orders in for $214k were basically telling the market…” I have a share for sale here, at a price of $214k, and I don’t want any more than that for it”. + +And that’s exactly what they’ll get, not a penny more. The order won’t fill until the bid reaches that price. This order has a floor and ceiling of exactly $214k. + +Pre limit sells also create massive sell walls that will negatively impact MOASS. + + + +***Post Limit Sell*** + +So MOASS has begun, the price is $100 million+, and CS have reinstated the $214k limit. If you put in your limit sell order now, when current price is far above your sell order, you’re telling the market… “I have a share for sale here, I want the absolute maximum I can get for it, and I’m not willing to let it go for anything less than $214k”. + +Your order will be filled at the best available price (NBBO) as soon as it hits the market, and you are guaranteed to get $214k at absolute minimum. It’s basically like a market order, but with free insurance. This order has a floor of $214k, with no ceiling. + + + +***Market order*** + +When selling using a market order, you’re basically telling the market… “I have a share for sale here, and I want to sell it ASAP. I want to sell it for as much as possible, but I’ll happily take anything for it. I have no minimum requirement”. + +A market order should fill at NBBO, but because you have no minimum requirement, during MOASS your shares could be sold for next to nothing. Expect broker fuckery if you sell with a market order. This order has no floor, or ceiling. + + +&#x200B; + +A Post Limit Sell is the only order type you can use to sell for the highest price possible during MOASS. Pre limit and market sell orders are for paper hands. + +CS made these changes as a huge amount of apes had pre limit sell orders in. The best part of the change is all those orders will now be deleted, and any sell walls at $214k will be removed. Just please don't build another one at $3.5k! + +As for the lower limit, CS will have to increase that as the price rises, so telephone numbers are still on the menu. + + + +See you all on the moon +🚀🚀🚀🚀 +I am really embarassed posting this but I need some perspective. I feel I am in a massive rut but, I am hoping I am just too close to the problem. I would love some objective thoughts on my life. But first, some context of my situation: + +I am a 30yo male. I am degree educated. I grew up in a violently abusive home (black eyes, broken arms etc.). When I was old enough I left, literally in the cover of night. I worked a part-time job, studied at Uni and found a small flat. Eventually when I graduated, I got a bunch of different jobs while still working part-time, always jumping my main job for whatever offered me a bit more stability or money. A few years later I got a job for a bank in IT risk and worked there for many years. I also started seeing several therapists to deal with the PTSD I was diagnosed with due to my childhood. I have been prescribed various medications with minimal success. + +Fast forward to today and not much has really changed. I no longer work two jobs, but I am absolutely exhausted to my core. I have tried taking time off work, but it doesn’t help. All my life has been is just this horrible struggle to survive to the next day and now that I am 30 and I don’t really have anything to show for it. I just wish everything would stop so I could catch my breath. + +I currently stay in a small, dingy one bedroom flat, but its affordable. I do have some savings (£8k) but it is all the money I have in the world, and I have no family whatsoever. So if I ever fall ill, get fired... whatever - that money is ALL the money I have in the entire world to protect myself. It’s my only lifeline. + +I am not sure what to do next to make the next 30 years a little more tolerable. I have never travelled due to my financial situation, but last year I took a trip away to another part of the UK to see if it helped and it did not. Not even in the slightest. I also follow all the textbook recommendations religiously (e.g. exercise regularly, breathing exercises, medication, avoiding junk food etc.). I live very frugally, I don’t even have internet in my flat. I try to save as much as I can thinking one day I can buy a flat outright or run away. If I could afford a flat outright, I would only need a part-time job to survive and then could just finally decompress and process the last thirty years. It would provide me stability and allow me to actually find out what I like and want to do next. + +The only way I can see that being possible is to continue to climb that corporate ladder. The difficulty here is, the corporate world really exacerbates my depression. I have hated all the jobs I have ever worked and all the different industries they were in but, like everyone else here knows, it pays the bills. I really don't want to go any higher up. My current role is the most tolerable job I have ever had and that is partly because it’s a bit of a dead-end. I have no issue with that only, I don’t know if it’s enough money to change my life or just perpetuate my survival. I don't see it ever converting 8k - 80k anytime soon, or however much a mortgage is. Alternatively, me pushing myself to climb the ranks or taking another part-time job again – is honestly too much for me to handle anymore. + +I wake up so empty every morning. I wish I could take control over my life a little better. I am so angry my childhood is still dictating my life even today. + +\^ That’s my life so far. + +Any advice on how to make it better going forward? +I’m writing this post as I am walking somewhere and I have not had time to look through their statements, but how the hell do they lose so much money? + +They dont have employee drivers, no vehicle fleets, drivers are paid when they complete a fare. + +Are there just too many extraordinary costs? Incidents? Legal Liabilities? This is a fascinating case because I remember years back people begging for an IPO, and theyve proven quarter after quarter that their business just absolutely sucks. I dont even know how they stay afloat with negative cash from operations. Issuing stock Im going to hazard a guess lol. +I'm getting serious FOMO but am on the younger side... however seeing the increase in prices is making me very uneasy + +Edit: please add where you purchased as well + +Edit: add the year you bought as well please!! +I hold a few gold miners in my portfolio. I think were undervalued when I bought, and still are today. + +With that said, that doesn't really matter if investors loose interest in gold. I would imagine these will do well if interest picks back up, but if that doesn't happen, I don't see why they wouldn't continue the current trend. + +I know this is a extensive topic but if anyone would has some special insight into gold, I would like to hear it. Ideally other than, "it has out performed the stock market over the past # years." + +The world is constantly changing, I think it's important to look at the past, but I like to take it for a grain as salt. + +&#x200B; + +Yes this is a discussion on gold, but considering gold miners are showing up in value screens makes it a good discussion on here. +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. +I’ve been with this company for 11 years. We started to really struggle during the pandemic and so the owner decided to ditch the CPA at the beginning of April 2020. He has been paying me post tax since then but not paying taxes at all. When he came to find out he not only owes the taxes for both of us but also penalties the accountant told him he could make me a 1099 employee for the last 3 quarters of 2020. How does this help/hurt me and am I liable to endure any consequences from this going forward if I were to agree? +I'm totally new to cryptocurrency and decided to give it a go. + +I've seen fluctuations in the market, but this morning I noticed that almost every crypto coin 'went in red'. + + I'm not really worried, but I do wonder if this is a common occurence and what the reason behind this is. It can't be a coincidence that everything goes down at the same time? I would just like to understand.. +First of all, let me be clear. The ONLY reasons we have not a liftup are the following: + +-ICOs liquidating, thus killing momentum. +-Hodlers only hodling. + +What I mean by the later is that people are just sitting here and WAITING for something to happen. It won't if there is not another wave of buying frenzy. We either need a new wave of investors somewhere or to start buying more ourselves as hodlers. + +We have GREAT news coming from Vitalik, Russia and several other countries officially building their economical sector on ETHEREUM fucking ETHEREUM. Not Bitcoin, not IOTA or whatever else that you want. I repeat they are into ETHEREUM. + +Metropolis is coming and proof of stake will be a proof changer not only for crypto, but for many industrial and economical sectors as well. Economies are on the verge of becoming trustless. Businesses will have new methods of sharing data and becoming more transparent. All in all, creating web 3.0. + + +We have been having EXCELLENT news for about a month (or heck did we even have bad ones yet?) And price is still. I don't want to speculate by saying people will realize and then price will go up, blablabla. No. I don't give a shit about price anymore. I bought in at 12$ and happy with it. Ok let me refrain- I do give a shit, but not about 10,20 or 40$ swings anymore. + +I am just tired of seeing this sub getting pointless with people speculating that moon has started. Shut up. It will happen when it will. A market is a market. Do I think we are undervalued? Absolutely. Do I know when the next trend will be ? No. A guess? In september (I know I said I wouldn't speculate). + + +So please, please. Just remember why you got here in the first place and realize everything is YET TO COME for us. The more you talk about moon, the lest it happens. We ALL need a break from ethereum here. So let that just happen. Markets are usually slow during the summer. + +I wish you all the best and hope to see you soon mentally healthy from all of this. Peace out boys + +I went long with 20x leverage on a couple of stocks but the market has turned against me. I am now -$3,000. Shall I try sitting it out and wait until the market picks up again by pumping more cash into my account or cut my losses and move on? What would you do? +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. +Ok, Apes... tell me I'm not just imagining this shit?? + +Am I too far down the Rabbit hole? + +Am I too obsessed... + +That Smile... it all started with that dam smile... + +&#x200B; + +https://preview.redd.it/nouyee5mkuf81.png?width=1200&format=png&auto=webp&s=21173d75205eeb31722ae47b9dba7e4737426464 + +\--------------------------------------------------------------------------------------------------------------------------- + +**Shameless PLUG:** Follow me on **TWITTER** for more GME fun:[ https://twitter.com/BadassTrader69](https://twitter.com/BadassTrader69) + +\--------------------------------------------------------------------------------------------------------------------------- + +APOLLO MISSIONS + +[Apollo 1](https://www.reddit.com/r/Superstonk/comments/s24hxt/billionaire_boys_club_bbc_ep_16_part_1_the_apollo/) (Disclaimers here) + +[Apollo 2](https://www.reddit.com/r/Superstonk/comments/s252os/billionaire_boys_club_bbc_ep_16_part_2_the_apollo/) + +[Apollo 3](https://www.reddit.com/r/Superstonk/comments/s25i88/billionaire_boys_club_bbc_ep_16_part_3_the_apollo/) + +[Apollo 4](https://www.reddit.com/r/Superstonk/comments/s28x8z/billionaire_boys_club_bbc_ep_16_part_4_the_apollo/) + +[Apollo 5](https://www.reddit.com/r/Superstonk/comments/skiff2/billionaire_boys_club_bbc_ep_16_part_5_the_apollo/) + +[Apollo 6](https://www.reddit.com/r/Superstonk/comments/taib2v/billionaire_boys_club_bbc_ep_16_part_6_the_apollo/) + +\----------------------------------------------------------------------------------------------------------- + +Time to dig a little deeper into this “Vulture Fund” world and why I believe that Ryan Cohen knew all about it + some other shit ramblings… + +Remember this? + +&#x200B; + +https://preview.redd.it/he14mvfnkuf81.png?width=752&format=png&auto=webp&s=5bcad1158155748ccb71806cbfd54e8727a49537 + +This was RCs first cryptic tweet, after a few about himself and Gamestop. + +**“An ounce of prevention is worth a Pound of Cure”** + +6 Days Later he tweeted this: + +&#x200B; + +https://preview.redd.it/212w266okuf81.png?width=770&format=png&auto=webp&s=fc4130fb509b68a0606e327472ed1f212d672f3d + +Well **GUESS FUCKING WHAT…** + +BlockBuster fell victim to the **Private Equity Hostile Takeover Playbook…** + +—---------------------------------------------------------------------------------------------- + +This Comes in the form of **Carl Icahn** \- One of the Forefathers of the Hostile Takeover Playbook, who waged a successful Proxy Fight to add himself and two other members to the board. + +Once in, the Private Equity Takedown strategies began. + +* They brought in new Management to Oversee (Private Equity Plants) +* Began shutting down Growth Initiatives +* Turned to a Profit at all Cost Mentality +* Started taking on a SHIT TON of debt +* Started acquiring a load of business to expand their Debt Capacity (More assets as collateral) +* Start making poor management decisions +* And eventually filed for Chapter 11 Bankruptcy due to not being able to service its debt + +Sounds familiar right? + +(Cough cough… Apollo… Cough cough Adam Aron) + +Blockbuster Source: [WIKIPEDIA](https://en.wikipedia.org/wiki/Blockbuster_LLC) (Section: 2007–2011: James Keyes era, financial decline, and bankruptcy) + +Carl Icahn General Knowledge: [WIKIPEDIA](https://en.wikipedia.org/wiki/Carl_Icahn) + +—---------------------------------------------------------------------------------------------- + +So… IMO… Ryan Cohen is Saying… + +**“An Ounce of Prevention is Worth a Pound of Cure”** + +In relation to WHAT? + +THIS **SHIT ↓↓↓** + +&#x200B; + +https://preview.redd.it/t4h97q1pkuf81.png?width=764&format=png&auto=webp&s=5c976eb1d220ae80964ad7d94fb3fce215c2d136 + +How does that not make perfect sense? He’s talking about **PREVENTING** the same **SHIT** that happened to Blockbuster… + +**HOSTILE PRIVATE EQUITY TAKEOVERS!!!** + +This IMO is when his plan formed. + +Next tweet shows how he sees the potential to **PREVENT** it. + +&#x200B; + +https://preview.redd.it/nyagojvpkuf81.png?width=751&format=png&auto=webp&s=90bffdd8a8bf9f247a34afd6b43ccc526412080c + +Not sure about the nuts part… maybe cracking the shell to get to the nuts? + +\----------------------------------------------------------------------------------------------------------------------- + +Ever hear the Expression… + +**“If it's your job to eat a frog, it's best to do it first thing in the morning.”** + +This means you need to do the hardest thing first. + +And what’s the hardest thing?? The Machine is broken. + +&#x200B; + +https://preview.redd.it/ecvnhxoqkuf81.png?width=753&format=png&auto=webp&s=299341075d70fdb67121d0aaa5c8e3830d56790d + +This to me, is the **COG IN THE MACHINE** concept, referencing the **PLANTS** in the company. + +\----------------------------------------------------------------------------------------------------------------------- + +The whole thing makes him **Sick as a dog?** + +&#x200B; + +https://preview.redd.it/gnj3m1drkuf81.png?width=762&format=png&auto=webp&s=6f2bbb22073f67c7d324e70488cd1a6d2d91a6f1 + +\----------------------------------------------------------------------------------------------------------------------- + +Dumping a lot of shit: + +&#x200B; + +https://preview.redd.it/vwnx53yrkuf81.png?width=751&format=png&auto=webp&s=664790570c0d4f676034032cfc8c148799682080 + +\----------------------------------------------------------------------------------------------------------------------- + +Comes out on top as Chairman (Shoutout [u/buttfarm69](https://www.reddit.com/u/buttfarm69/) ) + +&#x200B; + +https://preview.redd.it/wvv0mujskuf81.png?width=752&format=png&auto=webp&s=a213d31f8148ca69683f7b731e4d32e30a22e148 + +\----------------------------------------------------------------------------------------------------------------------- + +Obviously then his tweets go into a whole load of other shit that I am not going to speculate on… but he still drops this one in here: + +&#x200B; + +https://preview.redd.it/7vp9ht2tkuf81.png?width=766&format=png&auto=webp&s=b0b95280891f081b53c86079d4baa3a4a4dd1405 + +Sears was **ALSO** a victim of the **Private Equity Hostile Takeover Playbook!!** + +—----------------------------------------------------------------------------------------------------------------- + +Sears Hostile Takeover was executed by **ESL Investments** Private Equity Company… + +And you wanna talk about an **Inside Plant Play**??? + +**Eddie Lampert** actually executed this one himself! + +He became the CEO and Chairman of Sears… drove the company into the ground… loaded them up with debt… resigned as CEO and then bought up the remainder of the company from Bankruptcy. + +**HOW THE FUCK IS THIS NOT CRIMINAL???** + +Source: [THE WEEK](https://theweek.com/articles/801927/how-vulture-capitalists-ate-sears) + +Source: [WIKIPEDIA](https://en.wikipedia.org/wiki/Eddie_Lampert) + +—----------------------------------------------------------------------------------------------------------------- + +&#x200B; + +https://preview.redd.it/lh2r6sytkuf81.png?width=766&format=png&auto=webp&s=2c6d7f62ed114395071e6fc9223acbd36b631f9c + +So RCs tweet meant… DEATH TO PRIVATE EQUITY PLANTS??? + +**– A FUCKING TWEET THAT WAS 6 DAYS BEFORE THE ANNOUNCEMENT OF MATT FURLONG AND MIKE RECUPERO!!** + +&#x200B; + +https://i.redd.it/8jasuztxkuf81.gif + +—----------------------------------------------------------------------------------------------------------------- + +Ok... and Just a **QUICK** little Tid Bit for what's coming up still in this Apollo Series... + +I may have been wrong with my Assessment of Georgey Sherman... but it's **INTERESTING** that Ryan choose **SEARS** for this tweet... + +When **EVEN THOUGH THE TIMELINES DON'T LINE UP**... + +When **SEARS** was having problems, they sold parts of itself to **Advance Auto Parts...** + +And who was President of Advance Auto Parts 15 years later? + +Yup... **GEORGEY**... (And yes... I'm sure I got the RIGHT one this time) + +Might be nothing... but we ain't done digging yet!! + +—----------------------------------------------------------------------------------------------------------------- + +**FUCKING PUPPY BREAK!!!!** + +**FUCKING RYAN COHEN BREAK!!!!** + +**FUCKING PUPPY AND RYAN COHEN BREAK!!!!** + +&#x200B; + +https://preview.redd.it/gsqtac2wkuf81.png?width=1200&format=png&auto=webp&s=8cf5628fb27ca5e355e0269a97c17731f38c839c + +—----------------------------------------------------------------------------------------------------------------- + +BBC NAVIGATION + +[BBC Part 1](https://www.reddit.com/r/Superstonk/comments/nzkzi5/is_this_the_final_boss_john_petry_and_ken_griffin/) **IS THIS THE FINAL BOSS?** + +[BBC Part 2](https://www.reddit.com/r/Superstonk/comments/nzrtsq/billionaires_boys_club_part_2_the_inner_circle/) **The Inner Circle** + +[BBC Part 3](https://www.reddit.com/r/Superstonk/comments/nzxjra/billionaires_boys_club_part_3_the_big_boys_i_just/) **THE BIG BOYS** + +[BBC Part 4](https://www.reddit.com/r/Superstonk/comments/o0isaz/billionaire_boys_club_bbc_part_4_recess_is_over/) **Recess is over... You didn't think BILL GATES was involved did you?** + +[BBC Part 5](https://www.reddit.com/r/Superstonk/comments/o16cbm/billionaires_boys_club_part_5_the_foundational/) **The Foundational Strategy** + +[BBC Part 6](https://www.reddit.com/r/Superstonk/comments/oa8ynd/billionaire_boys_club_bbc_part_6_smile_for_the/) **SMILE FOR THE CAMERA KENNY...** + +[BBC Part 7](https://www.reddit.com/r/Superstonk/comments/oox1sn/the_billionaire_boys_club_bbc_episode_7_what_daf/) **What DAF fuck is this???** + +[BBC Part 8](https://www.reddit.com/r/Superstonk/comments/ope0w3/billionaire_boys_club_bbc_episode_7_the_chips_are/) **The chips are stacked against us... ALWAYS HAVE BEEN.** + +[BBC Part 9](https://www.reddit.com/r/Superstonk/comments/opp09p/billionaire_boys_club_bbc_episode_errr_9_steve/) **Steve Cohen... So HOT right now...** + +[BBC Part 10](https://www.reddit.com/r/Superstonk/comments/p1ofgr/billionaire_boys_club_bbc_episode_10_allinclusive/) **All-Inclusive Vacation of a Lifetime... to the CAYMANS! -- PART 1** + +[BBC Part 10.2](https://www.reddit.com/r/Superstonk/comments/p3a79x/billionaire_boys_club_bbc_ep_102_cayman_island/) **Cayman Island Getaway - How to hide money from the FBI + Brazilgate!** + +[BBC Part 11](https://www.reddit.com/r/Superstonk/comments/p7nl7y/billionaire_boys_clib_episode_11_bbc_billionaire/) **BILLIONAIRE BANK LOANS - Buy Borrow Die** + +[BBC Part 12](https://www.reddit.com/r/Superstonk/comments/pcp37f/billionaire_boys_club_part_12_bbc_please_prove_me/) **Kenny's WARCHEST - SPECIALIZED PURPOSE ENTITY (SPE) + Leverage** + +[BBC Part 13.1](https://www.reddit.com/r/Superstonk/comments/pv9yon/billionaire_boys_club_bbc_episode_13_part_1_do/) **Do you Swear to tell the truth, the whole truth and nothing but the truth?** + +[BBC Part 13.2](https://www.reddit.com/r/Superstonk/comments/pvr3gg/billionaire_boys_club_bbc_episode_13_part_2_the/) **Steve Cohen's TRUE form revealed** + +[BBC Part 13.3](https://www.reddit.com/r/Superstonk/comments/px80o7/vlad_lied_too_is_this_proof_and_proof_that/) **Vlad Lied too - Proof that Citadel Knew** + +[BBC Part 14](https://www.reddit.com/r/Superstonk/comments/qicm2m/billionaire_boys_club_bbc_ep_14_pop_quiz_whats/) **POP QUIZ - What's Safer than a Bank?** + +[BBC Part 15](https://www.reddit.com/r/Superstonk/comments/rfgriy/billionaire_boys_club_bbc_ep_14_the_deregulation/) **The Regulation Agenda** + +[BBC Part 16.1](https://www.reddit.com/r/Superstonk/comments/s24hxt/billionaire_boys_club_bbc_ep_16_part_1_the_apollo/) **The Apollo Missions** + +\--------------------------------------------------------------------------------------------------------------------------- + +**Shameless PLUG:** Follow me on **TWITTER** for more GME fun:[ https://twitter.com/BadassTrader69](https://twitter.com/BadassTrader69) + +\--------------------------------------------------------------------------------------------------------------------------- + +Apes... if you feel this **APOLLO DD** is as big as I think it is... **please share it.** +I had to let myself have 2 months of "playtime" where, for example, I went kind of wild and embraced the "treat yo' self" ethos I felt I'd been denied for so long. At last, I could get groceries delivered from a premium store instead of lurking the reduced section at my local low-tier supermarket and lugging it home myself. + +I've now since reigned that in and have gone back to a more balanced grocery budget. I think allowing myself to splurge for a little bit scratched that itch of wanting nicer things. I'm back to basic groceries and watching deals/offers like a hawk instead of throwing whatever I wanted into my online cart. My overall budget is looking a lot healthier and my debt is steadily on the decline. + +But what other traps are out there, ready to rope people back into poverty, even if their income has increased? +Sup Ape fam, + +Before Monday opens I just want to do an After Action report in the wake of the Jan 7th Pearl Harbour [attack we just sustained](https://www.google.com/url?sa=t&rct=j&q=&esrc=s&source=newssearch&cd=&cad=rja&uact=8&ved=2ahUKEwid4_aPk6f1AhU6kHIEHYaxCt8QxfQBKAB6BAgUEAI&url=https%3A%2F%2Fwww.cnbc.com%2F2022%2F01%2F07%2Fgamestop-shares-surge-16percent-after-news-it-plans-to-launch-an-nft-marketplace.html&usg=AOvVaw0vj2heq_A_wbLlqM3kJCvg). Some peeps tagged me asking to do a follow-up of my last sus-themed DD since Friday’s IV pump-n-dump + basket cover played out much as we expected. + +While +7.32% is by no means a Bad Day, it wasn’t the start of MOASS we were teased with when the AH price action started ripping over 30%. .\\/. + +In hindsight it is now clear that the WSJ was a FUD bomb, targeted to steal RC’s Thunder of an impending NFT marketplace launch. The barrage of ham-fisted MSM articles the day after [deriding the NFT Marketplace](https://www.google.com/url?sa=t&rct=j&q=&esrc=s&source=newssearch&cd=&cad=rja&uact=8&ved=2ahUKEwjCjYibk6f1AhWFoHIEHUC-COAQxfQBKAB6BAgOEAI&url=https%3A%2F%2Fca.finance.yahoo.com%2Fvideo%2Fgamestops-planned-nft-marketplace-dead-170904327.html&usg=AOvVaw2xvr7OkwiAaFdYa2FfNOEr) was more confirmation this was a straight-up hit job. + +But at what cost? + +&#x200B; + +[So, was it worth it?](https://preview.redd.it/vgg8jysy9va81.jpg?width=606&format=pjpg&auto=webp&s=0683e4ed657085c4a9aead3e4f71f1248128c6f5) + +I’m going to take the unpopular opinion side of this here and say that RC was wide open for this torpedo attack. All the Loopring tweets, the job postings, the SMRT comments, dropping hints for weeks on end was like letting a wet dog loose in the house. They could have put Loop under a tighter NDA. No tweets. They could have used a third party instead of hiring through their main website. They could have done a lot more to keep their secret weapon under wraps until it was ready to launch. They could have put their GitHub code in a private repo. And they absolutely should never have expected the MSM or SHFs to play fair. Unless the whole NFT thing is actually bait, RC 5D Chess, this has lost much of its impact when it does eventually get announced. + +Fortunately, pre-empting the NFT announcement will do nothing to impair it’s actual long-term financial impact, we can still expect GME to add another billion or two to it’s annual revenue over the next year and this means the long-term value of the stock will eventually be multiples of the current share price. All we’ve lost Friday was a catalyst for an early MOASS. So, the only ones who are gonna be salty here is those peeps with options that expire soon. The MOASS is inevitable. + +Now I need to revisit one thing from my last article. Since we know Jan 7th was 100% coordinated, I need to mention the content of the options posts we saw them allow onto the sub that-shall-not-be-named. They allowed those posts, that content, possibly bc they are comfortable with the yolo plays it suggests. Jan 21 and Feb 18th $200 Call YOLOs. Go look for yourself. I was holding some of those, now I’m thinking about moving my options out further and to much lower strikes. On expiration day one ITM option is worth more than a hundred OTM and I don’t think I like their “suggested” yolo plays. + +I truly don’t want to step on the turd that is this sub’s pro/anti-options debate. Fact is the last few months Retail has been a premium piñata, short-dated OTMs wiped out on the weekly. In my opinion, the options debate is dumb. Options aren’t bad, *losing money is bad*. If you can’t get your options to print, every $140 DRS’d share is a guaranteed winning lotto ticket, and you can’t go wrong with that. + +We don’t know if the MM’s are actually Delta-hedging our calls, the GEX we often see Tuesdays, post-expiry suggests they aren’t. Even if calls aren’t creating pressure, our DRS’d shares are creating massive piles of FTD’s cause we see them coming in huge waves from Jan 10th to Jan 21st and beyond. Waves and waves of FTD’s. + +Nuff’ said. Now, let’s talk about what that little torpedo attack **cost** the MM/SHF’s bc it did in fact come at a **steep** price. + +&#x200B; + +[This table make hedgies cry](https://preview.redd.it/lmyi7fh3ava81.jpg?width=1756&format=pjpg&auto=webp&s=39bcebfa533ac1a12238e1de571ee7a7f9cb4f86) + +**The Options FOMO** + +Here is a comparison of the Option Chain for GME on Jan 6th vs Jan 7th. Please get a coffee, sit and stare at for five minutes until you see a picture of a pirate ship emerge. + +Friday morning we saw several million bucks fomo into GME at the worst possible time, Implied Volatility was spiking hard making those options super expensive. Just minutes after open them pulled the rug and an absolute crap ton of premium got wiped out in mere minutes as the IV got crushed and all the 0-DTE boys got absolutely fleeced. + +Some of us saw it coming if you read my prev DD, but it isn't all bad news bears. + +But, 1,889 put contracts were opened on Jan 7th. 4,558 put contracts expired ITM, so have fun with that on T+2 boys. Over 16,000 expired OTM at an average strike of $120 so these were truly some multi-million dollar put walls that got absolutely smashed. + +At the end of the Day Friday, we had 2,401 more contracts expire in the money than Jan 6. On Jan 11/12 we can expect 240,000 shares in buy pressure as Gamma exposure comes back to bite any MM’s who were not appropriately Delta hedging these. We have good reason to believe practically no Call options are being Delta hedged, since their latest ploy appears to be smashing the price action down to drive them all OTM instead of hedging. + +Also, there are now an additional 5,668 Call Options are now in the money, representing an additional 566,800 shares of buy pressure for future expiry dates and half of them are Jan 21st strikes, making Jan 25/26 another huge Gamma exposure day for any MM’s who were not appropriately Delta hedging yesterday. I wish there were more peeps loading up $140 strikes instead of $950’s, but more danger noodles is more danger noodles. + +I gotta wonder, did the MMs/SHFs expect **this much** raw FOMO to hit them in a single day? Even with the IV crush it’s a MASSIVE amount of capital that came flooding in. Over 8,000 more Calls are now ITM!! + +**Vindication of Cycle Theory** + +Despite the WSJ FUD on the evening of Jan 6th, what happened Jan 7th was in fact powerful confirmation of Cycle Theory in that we saw huge buy pressure and volume at the T+2/3+6+35c days from Nov 19th, the date we were expecting GME Swaps to roll, expire or fail. They failed and we just witnessed the ‘anomaly’ that occurs in this case and it is very good we finally saw them manifest. More interesting is that this shake out was on the Market Maker T+9+35c ETF FTD schedule. We now know the MM’s are carrying the bags for the SHF’s in an act of blatant collusion. + +**How big are the Swaps?** + +Back on Aug 24+25th we saw volumes of 27.4M. There was 7.3M volume on Nov 19+22, so with and additional 18M vol Jan 6+7th, we now have seen a pretty good indication of how big these suckers are. The swaps have not been closed or covered, otherwise we would have seen a green candle the likes of which mankind has never before witnessed. We only saw them rolling. The swaps are some **fraction** of that 25.3M volume, bc not all the volume on those days would have been a Swap share getting rolled. How could we determine what the fraction is though? Tricky. + +So, the 25M got rolled yesterday and we can expect another high-volume day or two on the order of 25M in volume in the future. + +**When will Swap day return?** + +According to Cycle Theory we had originally expected Swap day on Nov 18th, like we saw Aug 24th, May 25th and other previous dates. But for those of us waiting on the 19th, options at the ready, it simply didn’t happen. We watched for days wondering if there were extensions, our dates were wrong or something. The roll or expiration of the Swaps is predicated on a counter-party picking up that CME Future and it is entirely possible there no nobody crazy enough to pick up the other side of a 25M GME short position. Duh. The Volatility Swaps are a Citadel/Virtu product, so those likely still exist so long as the options chain suggests a replicating basket exists there to back the swaps. + +There wasn’t much covering Friday, 7.32% gain on 12M volume, just a lot of rolling. + +It’s not XRT, that’s for sure. + +Friday was T+13 for the NYSE Thresholding of XRT. The volume on Friday was a muted 2.7M in XRT. Short volume on XRT was still persistently high at 56%. Not sure what’s up with that, so we will need to look at the FTDs on XRT for Jan 7th when they are available on Jan31st to see wtf is going on there. + +We DID see **huge** short volume on XRT for Jan 4,5 and 6th. This appears to be the ‘last gasp’ where they abused it as much as possible before T+13 ends the abuse, and looking at the chart, GME got absolutely pummelled on the 4th, 5th and 6th. Expect some positive price action 13 days from the 4th, 5th and 6th. Will be looking at the FTD’s for these dates also in the next report, expect they will be quite substantial. Coming back in T+13. Thank you Reg Sho!! + +This may be the end of cycle theory, as we have known it. All the shorts that were rolled **will be back**, we just don’t know **when**. What did they roll them into? T+2/3? Spread across other ETF’s would see them return T+9+35c but I haven’t found which ETF’s they are using instead of XRT yet. Will keep looking … + +Disregarding the Jan 7th expiry date, 11,452 new Put options have been opened. Most of them for Jan 21st. The MM’s/SHF’s are gearing up for a close quarters battle over the next two weeks. Using Put options like this is a very, very expensive way to suppress the price of a stock bc puts *expire*. This is more desperation. + +**Friday we got a drop of blood** + +[option? get it? hah](https://preview.redd.it/jbkuab2acva81.jpg?width=615&format=pjpg&auto=webp&s=0382127b7bbc1d83235f1d5e07bc6c2cf00b3f10) + +Something that deserves more attention is the 2M real shares that got borrowed for GME Friday. The SI spiked a massive 20% taking us up to 59% utilization. Using actual GME shares is anathema for SHFs. The last thing they want is articles pointing out how GME is once again rising back up to the 226% SI we had a year ago, triggering fomo en masse. + +I haven’t seen many ppl talk about this, but in my opinion this is HUGE news. + +&#x200B; + +[Hmm. Smells like desperation or dirty socks.](https://preview.redd.it/mew2otzzcva81.jpg?width=1372&format=pjpg&auto=webp&s=af2c64be619ad0e09778eb01aa6421bf10fc3b37) + +&#x200B; + +**Where did they hide the shorts this time???** + +A bunch \~5M probably got hidden in ETF FTDs in XRT the final day or two before the T+13 Threshold limit, so we can expect those to be back in either T+13 if they are following Reg Sho or T+35 if they claim the ETF unwinding. + +The rest, I don’t know actually. I’ve scanned the other ETFs with GME in them and I don’t see any unusual vol activity. Of course, we won’t know until we finally get to see the Jan 6/7 FTD data on those ETFs which we won’t get until Feb 15th. + +Could be straight up naked shorts that FTD in T+2(+1), possible but I can’t believe they are desperate enough they would orchestrate that WSJ article as cover just to buy an extra couple of days. + +Answer: No idea where they are hiding shorts and FTD’s now. + +**XRT remains on the Threshold Securities list as of Jan 7th** + +Good news, we’ve seen no effort thus far to clear the XRT FTD’s for five days and get it off the list. Again, on Jan 15th we’re gonna get the FTDs list for Dec. 16-31st to see how much XRT got abused. Then the Feb 15th drop will show the final days of FTD’s just before it hit the T+13 limit. + +**Endgame Finally?** + +We’ve got a ton of FTD’s from Jan 10th to Jan 21st, a big slug of ETF FTD’s on the 13th and another one on the 21st. Friday’s swap FTD volume will return sometime, maybe T+9+35c. Jan 4th ,5th and 6th last gasp of XRT coming back on Jan 26, 27, 28th. There may be a real NFT announcement some day, maybe the 25th which is Etisoppo Yad! Keep an eye on GME borrows, if SI keeps rising over the next two weeks, this is truly the endgame. + +With some much stuff about to hit, I think we're gonna have a great week apes, be good to each other. :) + +**TLDR: Hedgies r fuk themselves.** +I hate seeing the phrase "meme stocks." It's just another way to spread FUD and de-legitimize the incredible amount of effort that folks have put into DD for GME and other stocks too. Just because retail (stupid poor people, according to the hedge funds) found them first and shared that knowledge freely on open forums doesn't make them fucking memes. GME is not a meme. It is an incredible opportunity for a squeeze because hedge funds made a bad bet and are going to have to pay for it. These people at the top who have access to trillions of dollars, pull strings to promote fake stories via TV "news" outlets and shitty online "financial news outlets," and manipulate the market because they know they won't ever be held accountable are just pissed that there is a coordinated, de-centralized group of people who are gonna just buy and hold. They call us stupid over and over and over and some people just eat it up if they don't actually sit down and read the damn DD. They got poor people fighting with other less poor people because supposedly if you buy a "meme stock" you're an idiot. + +In my mind when I see this crap I just think about DFV. + +"We'll see." + +And we will. We out here moving like murmurations and schools of fish and it's goddamn beautiful and I appreciate all you smart apes for giving out brain wrinkles like Oprah gave away cars. + +I'm 36 years old and I'll never forget 08 when them fuckers ruined our parents/our lives. And then drank champagne and laughed about it. Their classism will be their downfall. + +BUY HOLD VOTE! BE EXCELLENT TO EACH OTHER! ROCKET EMOJIS ETC ETC +My whole family told me to sell bitcoin when it dipped from 41k to 30k (i bought at 10k). I just laughed and HODL’d. +If you believe in something don’t allow yourself to get influenced by family or people online. +HODLing for the next 5 years😈 + +100k EOY🚀 +To preface this post, full respect u/dilkmud0002 for digging into shit. I'm all for it. + +And please don't take this as an attack, because it's not. It's just highlighting some issues with your theory and feel free to debate me on it if I'm wrong. + +From my understanding, the main issue you are highlighting is this: + +&#x200B; + +>They gave Handil a Sr Secured Loan for CTS - Handil did not have the assets - its Fraud - they are trying to scrub this - take screen shots - + +&#x200B; + +With the "CTS" meaning the: Christmas Tree Shop. + +BUT... + +It's not fraud for one company to give another company a loan to buy an asset, with the asset being the collateral of that loan. + +That's the same thing as a mortgage. + +You don't own the home before the bank gives you the money for it... but they still use the home as collateral to secure you the mortgage right? + +After you have purchased the home, the repayments on the loan are what the collateral are securing. + +Same thing for Pathlight... + +* Pathlight Gives Handill a loan +* Handill buys the Christmas Tree Shop +* And the Christmas Tree Shop becomes the collateral on the repayments from Handill to Pathlight. + +Nothing wrong with that unless I'm missing something... and PLEASE CORRECT ME IF I AM? + +Also... + +Pathlight is def a Vulture fund and def worth looking into. + +This is part of the wider picture that I've been talking about in my DDs. + +It's not just about naked shorts... the big boys at the table are the Private Equity Companies IMO... ESPECIALLY if we can PROVE that they are using Hedge Funds to Naked Short Companies so that they can buy them for pennies on the dollar... and then drive them to Bankruptcy after loading them with debt... selling off all their assets... and then draining their blood in Bankruptcy court. + +I agree with you here. Pathlight should be looked at. + +But in your letter to the DOJ, you specifically stated: + +&#x200B; + +>This moved $250 million to BBBY books, which the shorts used to sell more synthetics. BBBY was supposed to be cellar boxed with the rest of their portfolio - its on their site - every single company tehy touch is dead. + +&#x200B; + +And while I haven't checked through these companies... there is nothing ILLEGAL about vulture funds. They know how to skirt the lines of the law. They are allowed to drive companies into the ground for profit. + +What would be illegal is if they were working with shorts to Cellar Box them... but just because they moved $250 million to BBBY books, doesn't mean that capital was used to sell more synthetics?? + +BBBY is not a market maker so that makes no sense? + +There would need to be ties between Pathlight and proven naked shorting for this to be illegal... and since there has YET to be any conviction of Naked Shorting itself... its not tied to Pathlight... + +NOW... where I agree with you, is if the DOJ did look into it and found a connection between Pathlight and Market Makers... then shit would go down. + +But it still wouldn't mean it was BBBY that was creating the Synthetics. + +**JUST MY THOUGHTS - I COULD BE WRONG.** + +&#x200B; + +https://preview.redd.it/vkzffyt8qjm81.png?width=800&format=png&auto=webp&s=8216eb7fecb9da46d4581e8724a730965be5edd2 + +EDIT - Responding to u/dilkmud0002 \- Again, fair play buddy for having the conversation. This is not meant as an attack. Debate is good. + +&#x200B; + +* BBBY owned The Christmas Tree Shop (CTS) when the Loan was originated +* Pathlight Issued a Loan to Handil Against CTS +* Handill Bought TCS with the loan From Pathlight +* Handill Repays the Loan to Pathlight with CTS as collateral + +Now lets repeat that using my analogy. + +* Bill Owns his house when the mortgage was originated +* Bank of America Issues a Mortgage to Tom against Bills House +* Tom buys Bills House with the Mortgage from Bank of America +* Tom Repays the Mortgage to Bank of America with Bills (Now Toms) house as Collateral + +It's the same thing buddy. You don't need to own the house to use it as collateral to buy the house. Same way you don't need to own an asset to buy an asset while using that asset as collateral against a loan. + +Make sense? + +Of course you can create a loan that's backed by assets you are purchasing??? + +&#x200B; + +&#x200B; + +&#x200B; +My question may not be super clear, but I come from an accounting background and have spent three months learning tons about investing, finding deals, numbers, etc. when it comes to real estate investing. However I’m still not comfortable in seeing a house and determining what is wrong/right with it from a structural perspective. + +For example, I know how to spot cosmetic defects (cabinets, painting, flooring, etc), but I don’t know how to spot a good roof, plumbing, foundation, electrical, etc. The bones of the house so to speak. + +I know there are professionals who can determine this, but I still think I need to have knowledge on that stuff. + +Any suggestions on how and where to learn this kind of stuff?? +Haven’t heard this guy mentioned on this sub. In my opinion it’s one of the few series on YouTube from a real investor. Not the Grant Cardone sensationalism. Yes he’s made a lot of money and has fancy things including one of the coolest houses I’ve ever seen but he’s not sugar coating it. He makes it very clear how hard it is to win in this game. + +His story is interesting, and he’s pretty damn funny. + +https://www.youtube.com/playlist?list=PLGY1W2xOsCN5S2giJN8tLuG6W2v1G_38l +Haven’t heard this guy mentioned on this sub. In my opinion it’s one of the few series on YouTube from a real investor. Not the Grant Cardone sensationalism. Yes he’s made a lot of money and has fancy things including one of the coolest houses I’ve ever seen but he’s not sugar coating it. He makes it very clear how hard it is to win in this game. + +His story is interesting, and he’s pretty damn funny. + +https://www.youtube.com/playlist?list=PLGY1W2xOsCN5S2giJN8tLuG6W2v1G_38l +xxxNifty is a developing adult NFT platform that aims to bridge the gap between cryptocurrency and the adult industry for users and artists alike. As you can see on their website, xxxNifty has artists and users who are already reaping what they have to offer. Gem Stoned, Sinn Sage, Bonni Good for instance are some of the content creators with countless more to come. Large partnerships are also in the making. If you’re interested, you can see more of the artists here: + +[https://www.xxxnifty.com/adult-content-creators/](https://www.xxxnifty.com/adult-content-creators/). + +The dev team is very active in the TG answering questions from the community and making sure investors feel safe. Just last night there was a contract migration professionally done by the devs. They took a snapshot and all the holders were airdropped the new NSFW token. All we had to do was to put the new contract address in our wallets. The migration was needed because the community asked for a tax system and after several polls and voice chats with the devs they decided to put the 6% tax system in place showing that they have a very dedicated developer team who listens to their holders. + +As of now, the application for **CoinMarketCap** as well as the registration for **Coinhunt** has been completed. xxxNifty has also been published on **CoinGecko** in **LESS THAN ONE DAY**. There is so much more in the discussion so if you have any further questions, feel free to pop in TG chat. I’m sure the dev and the community are more than happy to answer them :) Become part of an ever-growing community today! + +✅ List of things are in progress: + +Big star incoming! Tik Tok & YouTube marketing. Poocoin banner ad finalization (already paid) Only fans work in the discussion. Talks with big studio in LA with models. More models incoming! CoinMarketCap listing pending. Burn mechanism when buying NFTs incoming. + +🪙 NEW Tokenomics: + +6% redistribution 5% LP liquidity, 1% holders + +🔥 Fully minted. + +🔥 PancakeSwap liquidity: + +60% of Pre-Sale will be LOCKED 🔒 for 6 Months + +🔥 Total supply: + +69,696,969,420 + +🌐 Website: + +[https://xxxNifty.com/](https://xxxnifty.com/) + +📝 NEW Token address: + +0xed1b4bdb29ca09545b9bedc6c0e854074e121eb3 + +🥞 PancakeSwap (6-7% slippage): + + https://exchange.pancakeswap.finance/#/swap?outputCurrency=0xed1b4bdb29ca09545b9bedc6c0e854074e121eb3 + +💬 Telegram: + +[https://t.me/xxxNifty](https://t.me/xxxNifty) + +🕊 Twitter: + +[https://twitter.com/xxxNifty](https://twitter.com/xxxNifty) + +👾 Discord: + +[https://discord.gg/wAXuEEtDRW](https://discord.gg/wAXuEEtDRW) +HOGE is a deflationary farming meme powered currency. It’s DOGE but DeFi, with better tokenomics. + +Marketcap of \~$3 MIL right now. 1% burn every swap 1% distribution to holders every swap, you literally receive tokens in your wallet from holding, an auto-staking type mechanism. + +All supply added to liquidity, no developer tokens. + +Listing to a whitebit is NOW LIVE , which will allow for smaller buys without gas fees. Its an exchange with $800-900 million per day volume.. This is going to do wonders for the price. + +We are literally one Elon retweet on a Doge meme from this coin going to Mars... + +Join the telegram, hogefinance, we are building a super friendly community over there. + +&#x200B; + +UNISWAP + +[https://info.uniswap.org/token/0xfad45e47083e4607302aa43c65fb3106f1cd7607](https://info.uniswap.org/token/0xfad45e47083e4607302aa43c65fb3106f1cd7607) + +&#x200B; + +&#x200B; + +Whitebit + +[https://whitebit.com/trade/HOGE\_USDT?fbclid=IwAR1t34X0e-dkmVjY8M5A7G4K14v\_eFHEBmcPX0K55uEU6nDivSe7CJ12la4](https://whitebit.com/trade/HOGE_USDT?fbclid=IwAR1t34X0e-dkmVjY8M5A7G4K14v_eFHEBmcPX0K55uEU6nDivSe7CJ12la4) +We have three kids, all younger than 8. How do we explain to them that I no longer work, but they don't need to worry about our finances? + +We don't want them to become entitled and think we can buy them anything they want, or that they are "better" than other kids because we are "rich", or even to tell their friends about our situation. + +Also, we want to ensure they don't feel bad if as adults they don't have as much financial success as we have, since we know how lucky and privileged we have been. + +I don't mind telling them white lies, but even small kids can tell that nobody at home is currently working. + +Thanks! + +**Edit**: Thank you for all the insightful replies. This is how I'll frame it from now on: + +> Thanks to many years of working hard and living below our means, we don't need to work as much anymore, so we can spend more time with you from now on. +So here's the embarrassing truth: I'm a married man in my 40's with a three year-old kid (and another one on the way). I have a job that doesn't pay so great (but offers some nice benefits) which, for reasons I won't go into here, I'll be let go of in about three years. My current living situation and income allow me to save about $1000 a month. + +The problem is, we only have about $10,000 saved now and do not own a home and I'll be 60 in about twenty years and have no idea how I'm going to get a decent income in three years. + +I honestly don't care about income, I'm more interested in wealth. My goal is to a) own a home, b) be able to pay for my kids' college tuition and c) be able to live comfortably by the time I'm 65. + +My wife and I are not big spenders (well, not any more), so we have no problem being frugal and saving money, so long as we have the income for it and no emergencies come up. What, if anything, can we do to try and reach our financial goals in the next 20-25 years? + +Edit: Sorry guys meant $1K a month. Fixed the typo. +BABA has lost $600 billion in market capitalization.The Chinese company has lost 70% of its stock market value since October 2020. A setback following the release of exceptionally bad financial results, including a more than 50% decline in profits. + +[https://imgur.com/tWiDB6j](https://imgur.com/tWiDB6j) + +[https://imgur.com/CcsMgxF](https://imgur.com/CcsMgxF) +Throwaway because I'm mortified with myself. I always prided myself on my job because I genuinely do love helping people with their finances. I work out of a branch of a pretty well known firm and I get to help people with their self-managed brokerage accounts and retirement accounts. Today I got completely thrown off guard by a client of mine when his wife joined us on the phone for the first time ever. + +Me and her husband were having our normal small talk, chattering about how the market is up positive for the year wiping out the year's losses so far and then we got down to their portfolio review. OUT OF NOWHERE this woman stars drilling me with my credentials, where I went to school, and was asking me all kinds of questions I didn't know the answers to. I didn't study finance, I actually studied history but I took on finance and got my licenses after college. I'm in my 30s and have been an advisor for 2 years. She started asking me about the futures market and admittedly I don't know anything about that. Then she was asking me about derivatives and swap defaults. I have no idea what those are. Then she goes on about sustainable investing, and I told her that sustainable investing is a trendy topic at the moment but we still like to focus on the fundamentals. She completely tore me apart saying I know nothing about managing money and she completely halted our conversation and ended the call. + +I'm sitting here thinking WOW, am I complete idiot?! I understand I should know better the different nuances of investing but to be honest all of my clients are pretty straightforward with pretty generic retirement goals and not all that savvy. This woman made me feel like a complete imposter. + +EDIT: WOW!!! I seriously did not expect this to blow up the way that it did. I really appreciate everyone's advice and I'm actually shocked that I'm not getting ripped apart. I really needed to hear the words of encouragement. Honestly yesterday was hell for me after this phone meeting and I have no idea why that woman got to me so hard but she did. I am reading through all the comments and trying to respond to everyone as much as I can. I'm going to take this as a learning experience and going to work on stepping my game up. While I won't be an expert at everything, I do feel that I could have done a better job over the last 2 years in educating myself in the areas outside of what I particularly work in on a regular basis. I never want to be blindsighted like that again. What hurts me the most is the fact that I think I could've lost trust with a client, which means more to me than how smart I appear to be. I take pride in my job and helping people with their finances. THANK YOU EVERYONE. All this feedback and advice (and even some tough love) means a lot and it's really helping me push through as cheesy as it sounds. +I can feel it in my bones, trust me bro gme is gonna do pow pow pow. These posts are boring and push relevant DD away from the main page. So can we please do something about it such as adding a flair so that new comers can see that we are a serious group that just like the stonk + +Edit 1: seems popular but haven’t heard any comment from mods… +Edit 2 a fair response from a mod has come in thank you very much. +Almost all the information I find online is happy to explain what an index fund is and why you may want to invest in them. Can't find anything that explains the how. None talk about the mechanics of the funds. Very possible that I am not using the correct vocabulary when searching. + +Business Insider states: + +>[When you invest in an index fund, you're buying shares in all the companies that make up the index.](https://www.businessinsider.com/personal-finance/what-is-an-index-fund) + +Is this strictly true? When I purchase units in a fund, Vanguard Global All Cap Index Fund for example, am I actually buying shares in the companies the fund tracks or am I actually buying part of a fund that derives its value from shares? + +If it is the second option, when I invest am I actually buying anything tangible or is it more like a promise, *if the underlining company shares go up in value we will give you a share of the profits.* + +I have just started learning about investments and having a hard time understanding how these funds actually work and what, as an investor in such funds, am I actually buying. +Hey everyone! Ready for maybe a case of the Mondays today? + +I'm the guy who flipped off the building we like seeing lights! If you're wondering which one I was, I'm the one with the double-jointed fingers that makes everything I do with my hands look incredibly awkward and uncomfortable. + +https://www.reddit.com/r/Superstonk/comments/p015zc/oi_ken_boy_guess_who_is_going_to_a_bachelors/?utm_medium=android_app&utm_source=share + +^That is a link to the post I will be talking about here! + +Yeah, so the party with the guys from the FBI was actually very interesting, I believe. I will start by saying that I do not intend on revealing any names or personal information about who I met with. + +Before I got several beers into the party, I asked him about what he does and if he can even share that info with people. As expected, he told me that he can't say any specifics, but he tells people to ask away and he will share whatever actually can be discussed with civilians. Fair enough! + +So, I told him about how I have a tip that Citadel Securities, Point 72, and Susquehanna are involved in illegal naked shorting (counterfeit shares), willingly reporting false information to public filings by using offshore accounts and shell companies, and using domestic ones and each other along with possibly big banks to play a sort of hot potato to avoid closing positions that should have been closed at earlier dates. I told him how this may all tie in with their investigation into Robinhood securities' actions in January during the runup with GameStop and how it may be Citadel, P72, and Sus's bad bet with GameStop that is causing them to get involved with these illegal activities. + +I then finished by telling him that rising inflation, collapsing treasury bonds, and rising RRP are signals that a market collapse may be coming soon, and that although I personally believe that it is inevitable to happen, that me and a few friends would like to make sure that public information that may or may not be accessible today or hard to find was in the hands of investigators so that the bad actors can go to jail and be suspended from using the market. This would be unlike in 2008 where only one person went to jail for counting cards at the casino. + +He was definitely interested in what I had to say! As I started talking, he turned in his seat and leaned forward a bit, and he always held eye contact with me. When another guy at the party was asking me about GameStop, and I was explaining marrying options and fundamentals, I saw him in the corner of my eye turning to me to listen to what I was saying. + +He told me that he could give me his contact information and I could share the information with him. He said that he understood a bit of what I had to say only cause he isn't big on finances or the market, but he knows people who do, and that by sending him the info rather than submitting it via the FBI site, eyes will get to it faster than waiting in line, having HQ route it, etc. *Additionally, he said that since he works in Chicago, the team he works with will be right there to access information on Citadel since that's where they work!* + +So I out this as possible DD because this is what I want to do: + +- Compile a document of DD, specifically ones that use publicly accessable information to draw its conclusions, and focuses on pointing out *leads into how Citadel, Point 72, Susquehanna, and other companies are being bad actors and violating market rules* +- To accomplish the above, I would like to edit the document to make it more professionally presentable, removing mentioning of tits, apes, get fuk'd, etc. I love this community and all the memes and shit posts and hype talk, but I think the information will be taken more seriously this way. +- In order to compile all this information, I would like to have some wrinkles helping me in deciding what should go in and what can be left out as being too speculative or not focused on pointing out bad actors in our market. I was hoping that peeps like Criand or Atobit could help me here. + +u/criand +u/atobitt + +The goal of all of this is not to have the FBI shut shit down and start the MOASS. *The goal is to make sure that the FBI has leads and tips and information already on hand so they can investigate before shit goes tits up.* I want them to have leads to get information that could put some of these assholes behind bars. I want them to be able to work with the SEC is possible or necessary. + +I had a blast at the party yesterday, I'm excited for market open, and I'm hoping maybe I did my part for the community by getting some info that could help fix this "free and fair" market. +Hello world, happy friday everybody! +Let's see where we'll end this week. + +Current price "115 minutes in: 153.75 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 $! +https://www.ls-tc.de/de/aktie/gamestop-aktie + +Can you post the volume too? +- +I can't see the volume on my banking app but you can find it online or probably in my comments, since some friendly apes talk about it often. +But remember how low the volume is in the US pre-Market and we're talking pre US pre-market here so I think that the volume doesen't reeeeally matter this early into the trading day. + +Why are you doing this every day, what's the point of posting these numbers, since the volume is nothing compared to the one in the US? +- +I think that it's less about the numbers, it's to show that every minute of every day, there is an ape who's holding GME. +Look through the comments, there are people from all around the world just wishing each other a good morning, how awesome is that? +I think that this feeling of camaraderie is critical, it's good to know that I'm not the only one liking this stock. +I'm holding since november and I will continue to hold for my brothers and sisters. +We are not a union, we are all individuals who like the stock, but we're still family! + +Starting: 150.68 US-$ + +5 minutes in: 151.05 US-$ + +10 minutes in: 151.23 US-$ + +15 minutes in: 151.23 US-$ + +20 minutes in: 151.23 US-$ + +25 minutes in: 150.87 US-$ + +30 minutes in: 150.81 US-$ + +35 minutes in: 150.99 US-$ + +40 minutes in: 150.99 US-$ + +45 minutes in: 150.99 US-$ + +50 minutes in: 150.99 US-$ + +55 minutes in: 150.99 US-$ + +60 minutes in: 150.99 US-$ + +65 minutes in: 150.99 US-$ + +70 minutes in: 151.23 US-$ + +75 minutes in: 152.85 US-$ + +80 minutes in: 151.65 US-$ + +85 minutes in: 151.65 US-$ + +90 minutes in: 153.45 US-$ + +95 minutes in: 153.45 US-$ + +100 minutes in: 153.45 US-$ + +105 minutes in: 153.45 US-$ + +110 minutes in: 153.75 US-$ + +115 minutes in: 153.75 US-$ + +The US pre-market is about to open so that's it for the day🇺🇸 +I hope you all have a fantastic weekend, take care and see you on monday 👋 +Let's give 'em hell! +Hello all! I recently have felt the urgency of my situation. So as it stands I'm 36 with no savings, no retirement, and a $16,100 personal loan (consolidating credit card debt), and $3,200 on a single credit card. Where the hell do I begin? I made a budget to track spending. Additionally, I currently make $70k /yr at my job. ANY advice is welcome... +Hey guys, +It's been over a year now since my first stock purchase and I've really come a long way. Had my up and downs, losses and gains, and I've managed to learn quite a lot. + +While I'm by no means an expert at all things stock related I consider myself a fair hand, and here are 3 tips that I'd like to share with you. + +1. Pick stocks that go up (not down). This is one of my most important rules of thumb and something that sadly a lot of beginner investors neglect. + +2. Pick stocks that go up fast. This one is a little more involved, but the simple explanation is that the faster a stock goes up, the more money you'll have in a shorter amount of time. Basic physics says that if something has momentum it's harder to stop or some shit like that. + +3. Keeping cash reserves. People have a variety of opinions about this but tend to skirt around the details. Some folks will say invest 10000 and have 20000 in a high interest savings account. In my opinion it's much better to have 10000 invested and 50000 in a high interest savings account. + +Thanks guys I hope you learned something, please share your favourite stock tips with me too. +How do we feel about the news that Affirm has filed paperwork with the SEC to go public? I'm a bit excited about it. I think it has pretty good long-term potential. It saw some losses in 2019, which shrunk in 2020. Their revenue has also grown, probably with all the folks staying at home and ordering Pelotons. Of all the recent news of companies filing their IPO paperwork (AirBNB, Wish, Roblox, and DoorDash), I'm personally the most excited about Affirm. +Just out of curiosity how many people that trade options just stick with selling covered calls and puts? I started using options about 2 years ago after spending a month or so learning about the risks, the greeks etc. I have always heard that people start out with these strategies and then advance to spreads and other more complicated strategies. I have a sizable account and have the stocks and capital to just stick selling covered calls and cash secured puts. I'm not a big technical analysis person (I lack the knowledge) and I never seem to have the conviction to predict the magnitude or lack of magnitude of a move in any direction over a period of time. Is there any reason I should try to learn different strategies or just stick with what I am doing? Am I missing out on anything? +**Etherscan shows 258,903 holders for hex** + +I went to etherscan and looked up [HEX](https://etherscan.io/token/0x2b591e99afe9f32eaa6214f7b7629768c40eeb39). It shows that there are 258,903 holders and you can see the top 1,000 holders. However, if you choose Download CSV Export at the bottom, you get the first 100,000 token holders. I went ahead and downloaded these. + +**91,964 out of first 100,000 addresses never bought hex!** + +I also did this for Safemoon and WISB on binance smart chain. I plotted the token balance distributions. For hex, I saw a huge spike in the histogram plot. + +The top plot shows the single spike for hex. In the bottom plot, the vertical scale is logarithmic, so every major tick on the axis means 10 times more balances. + +Looking in the raw data, it appears that most balances have exactly 100 HEX. + +91,964 out of 100,000 addresses have 100 HEX to be exact! + +**One address sent HEX to 173k addresses in large batches, mostly small amounts of 100 and 101 HEX** + +The sender address is [0x0b795e585ec0436e4572cc9b24fc5da1faf9cfc6](https://etherscan.io/address/0x0b795e585ec0436e4572cc9b24fc5da1faf9cfc6). + +Etherscan page for this address found 173,310 ERC20 transactions and shows the last 10,000 transactions. And what do we find here? + +9,693 of the last 10,000 transactions are send transactions of 101 HEX to different addresses. They were all sent on June 27 of 2020 between 17:28 and 19:31. The other 307 transactions after, contains mostly send transactions of larger HEX amounts. Like 14 times a send transaction of 12,201.83575 HEX for example. + +At the bottom, you can choose Download CSV Export again. This gives the first 5,000 ERC20 transactions. The address received 2,000,000 HEX on March 27 of 2020 as first transaction. It sent 1000 HEX each to 1000 different addresses the day after on March 28 of 2020. Then it received another 1,000,000 HEX from the same address on March 29 of 2020. And the next two days, it sent 100 HEX each to over 3998 different addresses. + +Till this day, all these addresses that I've seen, never bought more or sold or staked HEX. You might find a few exceptions if you go through them. I don't know. + +&#x200B; + +https://preview.redd.it/7cvyld96l1t71.png?width=1032&format=png&auto=webp&s=e96d996a1527b750dcfb3d519c17c1feca9d990f + +&#x200B; + +https://preview.redd.it/yddonbt4l1t71.png?width=3554&format=png&auto=webp&s=dfd2c9f094511cbfd03a17d0b0edbd5fbd6dce93 + +https://preview.redd.it/7dy8jct4l1t71.png?width=3578&format=png&auto=webp&s=d2c0ba3e23d084cba3bdc62f9fd5edc1b460cec9 + +https://preview.redd.it/sx8dcct4l1t71.png?width=3572&format=png&auto=webp&s=59281d8dc11a3bd7419ef5179129db4ef3b7606f + +**Summary** + +So we know that of the first 100,000 hex "holders", 91,964 of them never bought hex, but one address just dropped hex to these addresses. And they still have the same amount of 100 or 101 HEX that was sent to them. + +This address made 173,310 ERC20 transactions in total. + +Now, there is still an unknown gap of three months between the first 5000 transactions and the last 10,000 transactions of this address. But we can select a different date range for CSV export to get these transactions. Then we find that almost all the transactions are of small amounts of 100 and 101 HEX sent to different addresses in three months time, between March 27 and June 27 of 2020. + +So we know now that least 173k out of 259k holder addresses never bought hex! + +**Help expose this scam** + +Maybe you could help investigate this further. How much of the 86k remaining holders are real buyers? Richard Heart wants us to believe hex has a large number of users, but most of the holders are not buyers at all. + +&#x200B; + +**Great work by user 11sensei11 (I'd tag but it'd get removed)** + +&#x200B; + +Also this post will be brigaded by the HEX "community" as per usual, but people need to know the truth on this elaborate scam. **Stay away at all costs.** +Would you guys consider a 100year old 4plex for 100k +In a C-D class nieborhood. Needs some work. Probably 5k to 10k per unit. All one bedroom apts that would rent for $650 +There is alot of very old houses in the area so it dosent stick out. Just worried about it being so old. What would go wrong. +What do you guys think. +She doesn't have a will, she was in the probationary period of her new job and DIDN'T HAVE HEALTH INSURANCE. Unsure about life insurance but I think she had it (just don't know for how much). Yup I know how bad this is. Also what would have been my dad's pension kicks in in like 4 years and I have no idea what to do for that. +She has a house that was re-morgaged (haven't figured out how much is left yet), about 22,000 in retirement, not sure about money in checking/savings but I don't think it's a lot. + +She donates her organs tomorrow. I'm so lost as to where to go logistically from here. I'm the calm, analytical type and my sister is the rash, emotional type so at least one of us has a head on our shoulders right now but I still don't have any knowledge of situations like this?! Please help. + + +Edited to add more detail + + +Edit 2: Thanks so much everyone for your caring words and advice or experience. I haven't been able to check this very often because we're planning her service for tomorrow and as you can imagine I'm busy with all that entails. + + +Thank you SO MUCH for your words - I will read every single response after tomorrow once things calm down a little. +I thought everyone would be glad to know she was able to donate both kidneys and her liver - giving the gift of life to three people like she gave it me and my sister. Knowing that makes this whole thing a tiny bit easier +Myself, and many others in the DADI community had received this email recently: + +https://i.imgur.com/CHiQ5mL.png +This is one of 3 emails I had received, all of which containing my first and second name (censored for obvious reasons). + +Any newbies to the scene could have easily fell for this most recent one. It contains a link to myetherwallet.com, but with dots underneath the letters (similar to the recent Binance phishing site). Some of you may also remember last month's data leak, which allowed phishers to make off with $60k in ethereum. + +I had shown my outrage on the DADI subreddit: https://www.np.reddit.com/r/DADI/comments/83y223/why_the_fuck_am_i_receiving_emails_from_phishers/ + +Without acknowledging any of my concerns, my post was deleted. Mods didn't respond to the post. As of 13th March 2018 8:00 GMT, over 10 hours since my post was made, the DADI subreddit continues to be on lockdown, with mods deleting any post related to this. + +Over on the Discord, I was immediately ejected within a minute for voicing my concern. Here's a screenshot another user took of them covering up the whole leak, saying 'our data is safe': https://i.imgur.com/LfkVl2S.jpg +Here's another user who received the same email: https://i.imgur.com/CQoliD5.png +For a 'decentralised' project, isn't this quite centralized, wherein the subreddit, discord, telegram etc. is moderated entirely by lead devs for this project. + +If anyone has advice on how to report this exploit of my personal data to higher ups, please let me know. If you aren't concerned about this, consider the fact that you've provided them with extremely sensitive KYC data to participate in this ICO. Regardless of if KYC data was leaked, this is a clear breach of the Data Protection Act, which is appalling in a sector concerned with privacy. + +Edit: Meanwhile in the Telegram, the admins claim this is completely fine because it's just a mailing list leak: +https://i.imgur.com/etQxG5q.png + +It seems all I hear from investors is put your money into an index fund, but it seems like it’s always in American funds, VOO, VTI, QQQ, for example, and we all know there are tax repercussions on American dividends paid within a TFSA. + +So is there a Canadian fund I should be looking at for my tfsa? + +Sorry if this is a stupid question + +Edit to include some personal information, in case that is helpful. + +38YO, trying my best to make up for lost time investing. Currently I hold BMO, AQN, SRU-UN and DBM. +So my "CA" fucked up my return filing badly for the mentioned year as he had no clue how to deal with capital gains. He did everything at the last moment so there was no time for me to check either. So the pseudo return was originally filed within the deadline and the revision with supposedly correct data was also filed within the deadline for revising the return (31st March 22). + +I have my computation with correct data now. Can I file another revised return now? In my computation there would be interest due u/s 234a,b,c,f (5000 u/s 234f?). Will there be anymore fees under any other section? + +Also when I am trying to file revised taxes through the itr site, I have 3 options - + +* u/s 92CD - Modified Return +* 119(2)(b) - After condonation of delay +* 139(8A) - Updated Return + +Which section would apply to me? Any help will be greatly appreciated. +Pattabiraman (as /u/freefincal) has started /r/freefincal_user_forum Currently it has a list of the articles that appear in freefincal. A handful of threads have a few comments so far. I sense that many people in this sub read freefincal - you may want to check out that specific sub. +For example I'm in India and I want to fund a business in Canada then, + +* How can I send money there on a daily basis, can I use the Wise (TransferWise) business account or any other business remittance services? + +* Will I get charged more if I'm transferring money daily with a volume around 3 to 4 lakhs INR? + +* Do I need any license or Import Export Code? (I'm not importing or exporting any physical goods.) + +Any other suggestions by you folks is appreciated too. + +Thanks :) +Instead, you looked at the value of different crypto projects and came across ethereum. You realized— rightly so— that it has the most utility, functionality, adoption, development, and future ahead of it. You quite reasonably elected to do value based investing into Ethereum instead of blind gambling into doge. A random, inflationary coin, with no smart contracts or development roadmap. + +Your decision is going to pay off. The fundamentals of ethereum are solid and we have gone up and will continue to long term. Don’t fall for dogecoin in the moment. I’ve seen too many people do the same in the past with other pure fomo projects like eos, neo, bitconnect. It never works out. just stick to the plan and HODL ethereum. It’s the responsible move to the moon, not the blind gamble that goes nowhere. +A new vaccine that protects against Covid-19 is nearly 95% effective, early data from US company Moderna shows. + +The results come hot on the heels of similar results from Pfizer, and add to growing confidence that vaccines can help end the pandemic. + +Both companies used a highly innovative and experimental approach to designing their vaccines. + +Moderna says it is a "great day" and they plan to apply for approval to use the vaccine in the next few weeks. + +However, this is still early data and key questions remain unanswered. + +--------------- + +Could be an interesting week. Source: https://www.bbc.co.uk/news/health-54902908 +One thing I’ve notice in my years in investing is how agnostic the average person is about directly investing their own money into the market. It seems clear as we go on in our society those without clear long term strategies fall farther behind. + +Economic security takes time, or it has for myself but many land mines lay ahead for any wanting to achieve long term wealth. + +Pensions are a long thing of the past, 401k’s under perform (I still have one), financial advisors want too much of the pie, cost of goods are constantly rising. + +The one bright spot is that a lot of information is now available online and zero commission trades. This is absolutely awesome and with those tools anyone can achieve their desired wealth and dreams. My opinion anyway. + +Investing directly in the stock seems to be the only path I’ve discovered to achieve long term financial success. + +What are your opinions, thoughts, and hopes when investing directly into the market for the long term? +Hi! I’m looking for savings account in EU country (other than Poland, which is my country of residence). Currently I have three bank accounts: + +1. Lloyds Bank in UK (but haven’t used it since I moved out of UK 2 years ago) +2. Revolut +3. ING Bank + +I wanted to resign from ING and move to Revolut completely, but apparently Revolut lost polish IBAN and my employer won’t allow me to use LT IBAN to receive salary. So I will use ING as a “bridge” which will automatically transfer money each 10th of month to Revolut. + +Maybe I would use revolut’s vault as savings account, but I have no idea if it’s good. Any opinions on that? + +Because of inflation and personal reasons I would like to open savings account in Belgium, Netherlands or Germany for example (but any country where euro is the main currency will do). My saving goal is €15k in the next year and a half. + +Of course that means I need an account in bank accepting non-residents so… any ideas or recommendations? +Hi, + +I think it is safe to say that the most recommended pick for ETF on this sub is VWCE, which is trying to follow an FTSE All-World index, as far as I understand this index competitor is MSCI ACWI (correct me if I am wrong), that as well includes developed and emerging markets. + +The same kind of balance between EM and DM can be archived through balancing etfs that follow those indexes (there are some differences between those): + +\- **iShares MSCI EM UCITS ETF and iShares Core MSCI World UCITS ETF** + +\- **Vanguard FTSE Developed World UCITS and Vanguard FTSE Emerging Markets** + +&#x200B; + +**Part that I have trouble understanding:** + +In order to be included into developed markets countries have to pass some GDP per capita threshold and some other criteria (not entirely sure what are those), in that case if a new country would pass that threshold it would be "upgraded" into developed markets index. If so, how is that possible that emerging markets index would at any point outperform developed markets index? It seems that at the point where for example China would start performing better, it would be excluded from emerging markets and automatically upgraded to the developed one. +Hello, + +I am quite new here and just recently started informing myself about ETFs as I want to start investing. + +One elements that came up quite often is distributing vs accumulating ETFs. I understand that distributing ETFs are paying out divides to my bank account (e.g., 50 cent per quarter) while accumulating ETFs are re-investing the value that would have been paid out. + +But how can I imagine this reinvestment? Will I get a portion of an ETF then (in the App that I downloaded for trading I can only buy "whole" ETFs and not half an ETF). + +For example: Assuming I own 1 ETF that is priced at 100 Euro and now a dividend of 1 Euro would be paid out. But instead of being paid out it is re-invested. So do I have 1,01 ETFs not or how can I understand this? + +&#x200B; + +Thanks in advance! + I am a U.S. Citizen residing in the EU with income sourced from U.S. pension funds dominated in dollars. I am hearing rumblings of a massive upcoming devaluation of the U.S. dollar at the end of April. This would have a devastating impact on my future financial security. Should I be concerned and what actions could I take (if any) to protect my future. +Hey, + +I recently got a dual citizenship and now I am a resident in Bucharest (I am originally from Moldova and currently I work here too). I'd like to open a retirement fund and redirect circa 15% of my income towards it (I am 28 y/o). My problem is that I don't even know where to start. My salary comes on a Moldovan account and I'd assume the fees for transferring the funds would add up... But I don't really want to open such an account in Moldova since it's just a political mess, without any hint of stability in the banking sector. + +What bank with easy international and online banking should I pick? What should I keep in mind when opening such an account? Are banks in Romania my only option for creating an EU banking account? + +I'd be grateful for any help or suggestions, since this is something that has kept me up at night. +Hi all, I'm 20Y old just in college and have about €4K saved through all of my scholarships, gifts, part-time jobs, etc. I'm thinking of keeping €1200 of it in a savings account or a liquid fund with low interest but it'll be my emergency fund in case I need anything for college. + +I need investment opportunities or tips for how should I invest my remaining €2800. I'm okay with moderate risk and can invest for 3-5yr timeline. Besides this, I can also put up about €50/m towards savings. + +I'm in Lithuania and tried using Degiro with a Monese bank account but it doesn't work anymore, so what are my other options? Thanks +I have to vent out, hope you find this motivating in a way and maybe you could try it by yourself if you feel like me. + +I discovered cryptos 1 month ago, like a lot of people, and I finally started to do some research, i've heard of BTC before but this time I actually decided to get into it. + +I decided I wanted to be a holder™, and a non biased one. I care about my coins and I believe in them. + +Long story short, I purchased various coins, downloaded wallets, crypto apps, chrome tickers, I learned how to make paper wallets, Ilearned how the blockchain works, I learned what mining is, I learned how to use the block explorer, I made a Google Sheet with all my stuff, I made bookmarts on Chrome, backups, set up price alerts, etc. + +I have everything I need. There is no excuse for checking coimarketcap.com every 5 minutes, or opening blockfolio, of checking the block explorer, or adjusting my alarms. It's gotten to the point where I put work aside and I just enter a fucking loop of going to coinmarketcap, then to my portfolio, then to my wallet, then to the explorer and so on until I realise I wasted 1.5 hours of my life looking at charts and numbers. The worst part of all of this is that i'm not even planning on panic selling if the price goes down or anything (I'm a holder like I said), I have no idea why am I looking at the price, I have a target price yes, but it could take months/years to achive that. I have no clue why I start looking at charts if all my coins are in cold, thats my point. + +Today I decided to make a change, I installed a chrome extension to block sites and allow me to use them only from 21:00 to 4:00. I blocked everything crytpto related and it worked thru the day quite well. The problem is, at exactly 9pm, I entered the crypto loop once again... So this is it, i'm blocking them 24/7 and I will just leave my alarms on, which are ready to be lauched with push notifications when the time comes, I believe being notified is alright, the actual problem is looking and looking at charts, it its what it is; I have no control over the market so I will stop wasting my time and let the chart be whatever it decides to be! + +I will leave crypto related stuff for 30 days and I will see how it goes, I wanna educate myself and prove to myself that I can infact stop looking at charts - + +Lets hope ETH skyrockets to the moon, everyone! Good luck :] + +See ya in one month + +edit: I've read every single comment im this thread, loving these replies!! Very motivating hearing other people join in, I hope this is an eye opener for the people who need it! +I had to call my bank about any issue with one of my accounts and she tells me "hold on for a few moments while I log in to your account". Of course I always knew that they could access my(and everyone else's) account, but actually hearing her day those words really hit me on how ridiculous the current system is. + +I'm glad to be here and I'm proud to be part of this movement. I've never been more confident in the need of this technology. +If I were competing to buy a house, I would want all the other buyers (specifically looking at the same house as me) to spend their money elsewhere, not drive up the price on the 1 house I want/need... Maybe I'd try to persuade them to look at these other houses outside of town, or maybe need some TLC, or maybe don't have the acreage, or less bedrooms. + +This is SUPERSTONK. There is only 1 stonk here!! +So anyway I put in another buy order for GME through Computershare today. Hopefully you dumb regards won't close any shorts to drive up the price on me before Thursday... + +I guess there's like 6 other way better deals I'm totally missing out on today... 🤷‍♂️ + +Edit: a word. +RC rarely ever likes any tweets and but he liked a recent tweet of Pulte that says "Only the Young !" recently. + +I googled the phrase and the first and simplist thing that comes up are taylor swift lyrics which say: + +>Only the young can run +>Can run, so run +>And run, and run + +and also + +>Only the young (only the young) +>(Don't say you're too tired to fight +>It's just a matter of time +>Up there's the finish line) +>Only the young +Can run + +Does this mean RC/Pulte think GME is close to running or maybe even now allowed to run now that the midterm elections are over? + +I think so, thoughts anyone? + +**Edit: GME may have secured a partnership with booking ticket sales so the taylor swift ticketmaster incident doesn't happen again, using nft tickets.** +I've been here for years, reading your posts, even though my friends are hardly around any more. I bought at $50 in 2011 on a long gone exchange, and immediately Bitcoin fell to $12. I felt stupid. So in defiance, I promised myself I wouldn't sell until it reached an impossibly high number. 1000x. But $50k came and I couldn't bear to sell. I love this journey too much. And I see now that my crazy goal was way too low. My vision for Bitcoin was too small. +Now I need a 10000x return. When that day comes, I want this post here so I can rub it in the faces of the zero-coiners who were here in 2022 and who, even when offered Bitcoin at a huge discount, refused to buy in. You'll never buy. You don't have the vision or stamina to not only acquire Bitcoin, but to keep your Bitcoin. +Go the fuck away. You make /r/bitcoin suck. +But please come back the day Bitcoin kisses $500k. I'll have a message for you on that day. +I’m early 40’s and basically Fat FI. And at a conservative SWR (2%-ish) will comfortably sustain my current lifestyle. I’ve not denied myself throughout my working life. I just a. fell into one of those sectors that pays a lot and b. enjoy a lot of things that don’t cost all that much. I live well. And fully. I have the life I want and a portfolio of investments that should sustain it easily. + +I don’t love my job (I also don’t hate it) but I’m struggling to step away from it. I think it’s due to risk-aversion. Once I leave, there’s no going back to the level of comp I earn today (c. 700-800k). + +So, just wondering if any of you have struggled or are struggling with the same issue? I see on the main FI board people expressing real confidence that as soon as they hit their number (based on a 4% SWR), they’ll be fine for the rest of their lives. I’m not wired that way. I need a load of redundancy built in and, even then, I’m hesitating. + +Anyone in the same boat? For us conservative types, how much is enough for us to step into the next phase (whether RE or random part-time but fulfilling work that definitely won’t pay the bills). + +Does anyone else find their ‘number’ increases whenever they get close it the previous? +I apologize if this bit of wisdom has been covered before, but if it was I missed it and thought it would be useful for folks here to internalize before the next bull market. + +*This advice is most relevant to people who hold high beta tech stocks/RSUs, especially if they are concentrated in one or two positions.* + +As I stated [here](https://www.reddit.com/r/fatFIRE/comments/w6e9uf/asset_based_qualification_for_home_loans/), it can be challenging to obtain certain kinds of loans when you don't have traditional sources of income. Normally, certain levels of assets ($10MM+) can get you past standard income screens, but if you've hit a bear market and the value of your portfolio has gone down, you can find yourself not qualifying by these measures. + +In addition, you might want to use leverage to pay for something (say, remodeling your home) because you don't want to sell during a bear market. This makes a bear market a double whammy: + +**It's harder to qualify for credit when it's often most desirable to use it.** + +The lesson I am taking from this the next time we are in a hot bull market is to evaluate all my existing or potential forms of leverage (mortgage, HELOC, PAL, etc) and to either re-negotiate the terms or to establish them when your portfolio is strongest. +https://www.reuters.com/article/us-russia-moex-idUSKBN2EZ1XU + +I seriously think we’re undermining the repercussions of $MOEX and the heavy sanctions imposed on the market. When Russia’s stock market reopens I fear there will be a lot of liquidity and margin issues. + +“Foreign funds held 80.7% of shares freely floated on the stock market as of July 1, the Moscow Exchange’s head of primary markets, Natalia Loginova, told media during a webinar. That was up from 65.6% in 2020, but slightly below 83.3% in 2019. + +Loginova said investors from the United States and Canada accounted for 54% of the total, with 22% from the United Kingdom and 21% from the rest of Europe.” + +All the countries sanctioning Russia are major stakeholders in Russia’s market. + +What is the likely outcome of Russia’s soon to be market sell-off? +Hi guys. + +First of all, merry Christmas, hope you had the chance to share some quality time with your loved ones. + +I took some time lately to think about my investment strategy and what could be learnt from **both my mistakes and successes**. + +___ + +* To give a bit of context here, I'm into crypto since 2013, bought my first BTC thanks to Silk Road scandal press coverage and then used BTC as a means of payment for 2 years. +Like many others, my first contact with crypto was not decisive and I had to wait until Ethereum's ICO to come back to crypto gradually.First buying a few BTCs, then taking part in TheDAO initiative mid-2016. + Well, you've probably heard about TheDAO and how it fucked the whole cryptomarket up for a few months! Could have been a better come-back but I still sticked around. + +* Early January 2017, I decided I would finally allocate some time to educate myself and to invest in crypto. I opened an account on Kraken, deposited some fiat and bought a handful of ETH. At that time, Kraken was not clogged up with traffic yet and even allowed advanced order types (like trailing stop, stop loss, take profit limit...). + +* I quickly discovered the wonderful world of altcoins, opened accounts on all exchanges and started connecting with like-minded people. Funny thing is, many of them are former poker players and were full of lessons to be learnt. Whether it was bankroll management (basically how to manage your money), self-discipline or curiosity, they really widened my perspective and sharpened my skills. + +* Since then, I had a lot of luck, made mistakes, had some really good trades and here we are, one year later, looking back on a ~7000% ROI. However, it could have been way better if I knew some basic investment principles. + + >**So, what could be learnt from this experience? How could you perfect your trading skills ?** +> +I adapted the Zurich Axioms to my experience and wrote this quick trading checklist: +___ + +____ + +> **DISCLAIMER : Consider holding if you don’t have enough free time for daytrading. Seriously.** + +> - On top of being way riskier, day-trading requires much more time than simply holding: multiple subreddits to follow, dozens of Twitter feeds to read… This is a news-driven market! + +> - Your ability to react quickly to news (eg. in less than an hour) may be key for some trades, and require almost 24/7 availability (eg. Fork news) +* Be realistic about your ability to beat BTC’s pace and ROI over time: one or two successful trades are not enough to be positive on the long term +- If you believe in BTC, the end game is to accumulate as much BTC as possible: computing your ROI vs USD is pointless and doesn’t mean anything if you underperform BTC. Same thing goes with ETH or any coin you see fit. + +____ + +**1. Resist the allure of diversification** + +* Harder to monitor (juggle between multiple positions) +* Bagholding involves less agility in investment strategy (need to sell altcoin to buy BTC then sell BTC to buy new altcoin) +* Don’t feel loyal or nostalgic towards a coin + +**2. Always take your profit too soon** + +* Reduce greed and put trailing stops to secure profit +* Plan the trade, trade the plan: prepare your exit before you enter +* Take profits all the way up (sell x% every x% of increase) + +**3. Always cut losses too soon** + +* Be rational: hope of a bounce is not a rational reason to invest +* Set stop losses and admit a losing trade: your ego is less important than your portfolio + + +**4. Avoid patterns/predictions/illusions** + +* Never try to see order where order does not exist +* No one can predict the future +* A news-driven market is highly unpredictable (unless insider trading) + +**5. Bankroll management (“BRM”) is the most undervalued skill in investing** + +* Keep at least 50% of your bankroll in cold storage and never touch it no matter what +* Always keep at least 25% of your bankroll in BTC +* 80% of your bankroll should represent 5 coins max. +* Try to keep at least 10% of your BR in fiat (helps to catch dips or opening trades in a bear market: fiat collateral doesn’t decrease when crypto crashes) + +**6. FOMO is your enemy…** + +* Never go all-in on a FOMO trade: put 50% first and see how it rolls out +* Don’t catch the falling knife, wait for the bottom to be confirmed +* Restrain from buying the top, 100% of ATHs had a pullback at some point + +**7. … and patience is your ally** + +* Do not over trade: there are many investment opportunities every day +* “Let the game come to you” +* When entering a trade, put scaled orders to average the entry price + +**8. Self-discipline** + +* Do not use leverage > x3 on a regular basis +* Change passwords every month +* Enable 2FA everywhere +* Set long term objectives (eg. accumulate XMR, BTC) and targets (eg. BTC @ $50k in 2018) to put some perspective +* Try to avoid Bitfinex/USDT as much as possible: it will crash eventually +* When an alt position is booming vs BTC, convert position to BTC gradually + + +Let me know your thoughts and what helped you raise the crypto-ladder! + +Cheers + +C + +Context, the common advice from what I gathered is that more stable securities tend to be better for 'wheel' strategies. This partially contradicts what I thought the 'wheel' strategy supposedly targets which is high IV within reason. What I've been doing for the past year or so have been targeting 50%-70% IV that I think are misplaced and writing CSPs/CCs on them, the success rate I've had doing this is approximately 70% (which matches up with the 30 delta targets). Have I been doing the whole strategy incorrectly and have been taking on unnecessary risk? + +Thanks for your inputs. +My understanding of margin is that you do not pay interest unless the money is actually spent. This means that margin being used as collateral does not get charged interest, is that correct? + +If so, is this something worth considering? For example, if I wanted to run The Wheel on margin and I got assigned on the put, would it be in my best interest to sell calls at a higher Delta (at or near the money) to get assigned sooner and keep the margin from being "spent" for long? + +I finally got over my fear of margin this week and have been doing a lot of research on how to effectively use it with minimal risk. I'm afraid I might be overthinking the interest side of it though. +He warned them. He gave them advance notice. Quite the gentleman, if you ask me. Allegory after allegory, myth after myth, we are told that pride goeth before destruction. They were too blinded by ego to admit defeat, or just fell back on old habit waiting to be bailed out, whatever the reason - remember the Tweet DFV sent. "I am not trapped in here with you, you're trapped in here *with me*" + +Hedgie controls the room, but apes control the exits. + +You have front row seats for what's coming, apes. Do you feel the air getting sucked out of the room? Something wicked this way comes. + +And it didn't take an elected official. It didn't take a celebrity. It didn't take anything but faith in the most brilliantly written DDs in history. That free course in economics given freely by some of the best teachers I've ever seen. They came forward and answered a call to educate their brothers and sisters. It took that, and it took those hands of yours made of the finest cut diamond. It took your conviction in the face of years of psychological warfare and being gaslit. Way to stand your ground. Guess what? You were fucking right. + +"Never doubt that a small group of thoughtful committed citizens can change the world: Indeed it's the only thing that ever has." (Margaret Mead) + +The CEO of Loopring (who stands beside RC, an engineer in his own right of this glorious victory) Tweeted it best, several months ago. How short apes memories are. The man spoke directly to you. + +"FOR TEN LONG YEARS, A SWORD I WHETTED, +ITS FROSTY BLADE, AS YET, UNTRIED. TODAY, I HOLD IT UNSHEATHED BEFORE YOU; OF YOU, *TO WHOM WAS JUSTICE DENIED?*" +Crayon-lovers unite!! Another opportunity may present itself tomorrow for apes to do what apes do best- **BUY AND HODL!!!** To be perfectly clear- **DO NOT DAY TRADE GME**\- this is just info for those of us who want to BUY MORE TASTY DIPS. 💎🙌🦧🦍 + +I've been obsessed with options for some time now, since it seems like that's the source of Shitadel's fuckery ammo. Specifically, they have a habit of setting up DEEP IN-THE-MONEY CALLS right before market close when they're planning a short attack. [HOW they pull this off is beautifully explained here,](https://www.reddit.com/r/GME/comments/mk3gcd/call_memaybe_why_the_massive_volume_of_deep_itm/) thank you u/glide_si and I will definitely be calling. [u/Dan\_Bren](https://www.reddit.com/user/Dan_Bren/) has made a [very detailed post tracking this options activity.](https://www.reddit.com/r/GME/comments/mmjy19/some_deep_itm_calls_were_bought_today_the_final/) The depths of fuckery [are explained in the Frenemies post,](https://www.reddit.com/r/Superstonk/comments/mlf82b/the_missing_citadels_frenemies_pfof_michael/) courtesy of u/pinkcatsonacid . DIVE DEEP into [how the 4/1 options were used](https://www.reddit.com/r/GME/comments/mi31m6/deep_itm_calls_activity_pt2_april_1st_708000_ftds/) courtesy of [u/dejf2](https://www.reddit.com/user/dejf2/) , and [What the DTCC is doing to stop this activity](https://www.reddit.com/r/GME/comments/mibedc/the_moass_wont_happen_until_options_are_not/), wrinkles by [u/lighthouse30130](https://www.reddit.com/user/lighthouse30130/) . For those of you wondering how hedge monkeys are still able to do this with DTC-2021-005 now active, the answer was revealed in Dan\_bren's post by u/Precocious_Kid : + +[Bask in the glory of these brain wrinkles](https://preview.redd.it/d5agdmws00s61.png?width=647&format=png&auto=webp&s=845f30d3407dd1390b0df871de0861777514a2cc) + +Back to our story!! After days of not seeing any deep ITM calls, a few showed up right at market close today. [Warden noticed them in his daily post.](https://www.reddit.com/r/Superstonk/comments/mm21by/live_charting_for_472021_predicting_the_days/) The last time I wrote this [strange pattern of options,](https://www.reddit.com/r/GME/comments/mhgks7/whale_watching_unusual_options/) hedge monkeys very predictably short-attacked the stock in the first hour of trading the next day. Here's screenies of this very predictable pattern: + +&#x200B; + +[optionsonar.com](https://preview.redd.it/bnvq2zsqgvr61.png?width=2732&format=png&auto=webp&s=31ef0dc20d48db4fc75936efe2bdc51637596941) + +What happened the next day, 3/18? Glad you asked. + +[From Webull desktop app](https://preview.redd.it/mmhgc737jvr61.png?width=1040&format=png&auto=webp&s=fd8e86434b38a8629f3f1db3228a24eba39b360e) + +Let's move forward two weeks to March 31st. Deep ITM calls set up right before market close: + +[ OptionSonar.com](https://preview.redd.it/xbkdl4xojvr61.png?width=2732&format=png&auto=webp&s=5aa459efac8c253d4800762bdf2229126ce50d23) + +And can you guess what happened the next morning on 4/1? + +[From Webull](https://preview.redd.it/g067nlyblvr61.png?width=1040&format=png&auto=webp&s=bd4bf3eb09141bd7c51bfa2b9195ffb0365abaa0) + +Had to change my pants after that one. So wasn't I suprised when that evening, a whole crap-ton of deep ITM ~~puts~~ CALLS went up again!! (Edit: brain very smooth.) + +[optionsonar.com](https://preview.redd.it/ll6bip0pnvr61.png?width=1668&format=png&auto=webp&s=9ea2df2f3196dcd36494f2e47eb5e54bea7b8027) + +So let's see.... after a long weekend to prep, are they going to tickle us ever-so-sweetly with bullish signals before ramming it down our throats again?? + +[Webull desktop, heavy action 4\/1](https://preview.redd.it/my6nmfdvnvr61.png?width=1048&format=png&auto=webp&s=6be7ed7cf2c443081594b9a7d69cb1a46fe40336) + +I guess they figured they weren't fooling anyone any more. 💎🙌🦧 It's okay, apes like the abuse (I'm dead inside, don't know about you all). A few days passed without any deep ITM calls, and then BOOM! Just as the market closed today: + +[optionsonar.com](https://preview.redd.it/frqpyb91pvr61.png?width=1663&format=png&auto=webp&s=658730e012cb11fe700fc1ba200963731e535d2b) + +*I WONDER WHAT THEY COULD BE UP TO.* /s A wise ape once said: "The definition of insanity is doing the same thing over and over again and expecting a different result." Right before they jammed some more crayons into the ear holes *...just to check one more time.* + +# TLDR: Options pattern predicts that Shitadel may be putting GME on sale for us to buy tomorrow (4/8) morning. Enjoy your tasty dip. BUY AND HODL. + +Obligatory rockets: 🚀🚀🚀🚀 **NOT FINANCIAL ADVICE** unless it's buying more crayons, definitely buy more crayons. + +Edit: don't panic if [optionsonar.com](https://optionsonar.com) goes down 4/8. I thought I saw it get a ~~DDoS~~ RHOD (reddit hug of death, ❤ u/autoselect37 ) attack today- Warden noticed the same. lol stoopid hedge monkes 🐒 + +EDIT, UPDATE: Let's see how this played out in today's price action! + +[Morning of 4\/8, Webull](https://preview.redd.it/x4xlumb3hzr61.png?width=1035&format=png&auto=webp&s=995407dbf13ab9aa3bad8885e84a0301637ecc70) + +We had some EXCELLENT NEWS TODAY, [Ryan Cohen was named future director of the board!!](https://www.reddit.com/r/Superstonk/comments/mmpgm2/tears_of_joy/?utm_source=share&utm_medium=web2x&context=3) The news caused a huge spike in price and things were looking excellent for market open!! *Hedge monkeys can't have that!!!* Looks like they used the ammo from their deep ITM calls to drop the price at the opening bell and kill the momentum gained from this morning's news. (The volume and the RSI tells us that shorts made this price move by selling, not just by moving options around.) Why is this good?? 1) Apes can buy more shares now, 2) Shitadel is digging the hole deeper, and 3) by keeping volatility down, they keep IV down and make it cheaper for long whales to buy options to wage war with. (Apes pls buy shares.) + +UPDATE 2: Looks like they had more ammo in the bag for a mid-afternoon short attack!! (It's very common for them to short attack mid-afternoon, before power hour.) I, for one, was very happy to do my part to HODL THE LINE- + +[Dream come true](https://preview.redd.it/tkn7je0wszr61.png?width=542&format=png&auto=webp&s=21fe4c1ff24efbe91f3496d16d662d5016e35fa3) + +Line still needs holding- apes! Stock is still on sale! Long whales usually wake up from their naps for power hour, so the sale might end then- I don't know this for sure, but they've been pretty predictable in the past. + +Last Update! Bull whales wakin' up and boy they are HONGRY. Hope my ape family enjoyed the sale today!! 💎🙌🦍🦧🚀🚀🚀🚀🌙🌌🌌 +Hi, + +Like many others I feel like I have been reading a lot about investments but every once in a while I come across a new article/post which confuses me all the way more. I am an NRI (F1 student) in USA and currently confused about the best place to start investing. The two scenarios I can think of are: + +&#x200B; + +1. Invest in mutual funds in India (although I am not sure about my long term stay plans in USA). The cons that I can think of include: + 1. Only a handful AMCs allow NRIs to invest in India. Among those I found UTI Flexi Cap to be the most suitable in terms of returns on long term investments. Any comments? + 2. Too much hassle with keeping a tab of taxes. For example, even though interest income in NRE accounts is exempted from taxes in India, I will have to report it while filing tax returns in USA. Moreover, long term capital gains and TDS will be charged on mutual fund return in India. If I remember correctly, NRIs cannot file for TDS returns, right? +2. I can think of at least two long term investment strategies given my current student status in USA: + 1. Buy ETFs through an online broker like Robinhood. This may be tax efficient since I will have to report gains only when I earn capital gains through ETFs. + 2. Invest in mutual funds which could give higher returns but dividends are subject to taxes. + +Anyone here who has been a regular investor in USA and has some insights on what's the best strategy to eliminate confusion? +**Shareholders Meeting - June 2nd, 11am EDT** + +*For more info go to* [**https://news.gamestop.com/**](https://news.gamestop.com/) + +[**GameStop Wallet Support**](https://support.blockchain.gamestop.com/hc/en-us/sections/4412111751955-Getting-Started) + +# 🗳 [Voting/Shareholder Meeting Megathread](https://www.reddit.com/r/Superstonk/comments/uddedr) + +>How to vote, how to attend (if you've registered to), and general discussion + +# 🟣 [Computershare Megathread](https://www.reddit.com/r/Superstonk/comments/v2ff5r/drscomputershare_megathread_062022/) + +>Wondering what DRS is? Want to know how and why people are Direct Registering their shares? Here you'll find our guide and additional resources, as well as a welcoming community answering questions in the comments! + +**Read** [**the Rules & Wiki**](https://www.reddit.com/r/Superstonk/wiki/index) **||** [**MOASS FAQ**](https://www.reddit.com/r/Superstonk/wiki/index/faq) **|| Join our** [**Discord**](https://discord.gg/Superstonk) + +**​**[**What's GME & should I consider investing?**](https://www.reddit.com/r/Superstonk/comments/qig65g/welcome_rall_looking_to_catch_up_on_the_gme_saga/) + +**Library of Due Diligence** [**GME.fyi**](https://fliphtml5.com/bookcase/kosyg) + +Low karma? Want to feed DRSbot? [Post on r/GMEOrphans](https://www.reddit.com/r/GMEOrphans/comments/qlvour/welcome_to_gmeorphans_read_this_post/) + +How to [Filter by Flair & Search](https://www.reddit.com/r/Superstonk/comments/v0oxp2/how_to_filter_by_flair_search_for_posts_on/) on Superstonk + +Tag u/Superstonk-Flairy for help with user flairs +Source: https://www.thelondoneconomic.com/property/mortgages-now-more-expensive-than-renting-research-shows-336705/#:~:text=The%20cost%20of%20paying% + +I've seen a lot of people asking why, if they can afford rents higher than what their mortgage would cost why they cannot get a mortgage. This is why. Your mortgage repayments can rapidly increase and soon become unaffordable, unlike fixed rents. (As well as can you pay the mortgage and replace your boiler? The roof falls in? Etc) + +It's bad news all round. + +Edit: I get it, I misspoke - when I said "fixed rents" I did not mean rents are fixed indefinitely. I meant they're fixed for the lifetime of the tenancy agreement and that there is no variable component. +A special episode of Fast Money on CNBC today. 5pm ET. All crypto! + +Mike Novogratz will be there too. + +https://twitter.com/MelissaLeeCNBC/status/917544627351236608 + +https://twitter.com/BKBrianKelly/status/917719626062139399 + +https://twitter.com/CNBCFastMoney/status/917790474336845824 + +https://twitter.com/BKBrianKelly/status/917789928821542912 +Rude awakening this morning! My phone buzzed because overdraft protection kicked in and woke me up! + +After getting the e-mail, I quickly got on my online banking and saw the transaction, confirmed with the wife that she had no idea what it was and called the bank. They're issuing a stop payment and sending the it over to "the claims department". I'm supposed to expect resolution in 10 business days. Until then, i'm out $3000. SUPER HELPFULLY though, however, the person that took my claim offered me a loan! THAT'S EXACTLY WHAT I NEED AFTER SOMEONE HAS JUST STOLEN $3000 FROM ME. They were surprised when I told them that was crazy... + +We try to do everything right; all of our day to day transactions are on a credit card, we never use the debit card for anything. This account is basically for bill pay only. + +So wtf? How did this happen? The banker confirmed that it was NOT a debit card transaction, so it wasn't the usual skimmer at the gas pump that did this (as an example, again, we never use debit cards for anything). How do I protect myself? Is there a bank that offers an account that will accept direct deposits and do bill pay ONLY? + +Does anyone have experience with this Venmo? How does it work? How could they have possibly used this service to steal money from me? + +This is insane... + +Appreciate any advice. + +EDIT: +Getting a lot of traction on this post so it's getting difficult to follow all the various threads within. Adding some details here to answer FAQs and a current status: + +- I bank through Wells Fargo (U.S) +- The transaction that posted to my account looks like this (I have no idea what SCORCH ONEOHNINE is, or any account ending in 1352): + VENMO-2 PAYMENT XXXXX1352 SCORCH ONEOHNINE +- I am currently in contact with Venmo support, the latest reply was from Miguel who indicated that they have found the charge, but that I need to contact my bank (so no help) +- I've just formatted my PC and changed all of my passwords again, so this PC is clean +- Wells Fargo does not have any easy to setup 2FA. They have an "advanced access" system that is supposed to send codes to your phone, but they said it "doesn't currently work". +- Wells Fargo also seems to have a hardware based (key fob kind of deal) RSA token generator for 2FA which I might pursue, but I want to wait and see how quickly they resolve this issue and give my money back before I decide if I want to spend $25 on this device and continue my relationship with them. +- I am very much open to switch to another bank/CU (i'm in Colorado) that has legitimate 2FA (using a phone app or something). + +EDIT 2: +- To answer all of the questions about the Venmo limits, I replied to Miguel again to ask whether they had my social security number. He assured me that they did not. + +The thief was able to bypass their maximum limits by LINKING A FACEBOOK ACCOUNT TO THEIR VENMO ACCOUNT. I just checked my Facebook account (which I very rarely use) and Venmo is definitely not listed under the authorized apps section. So whatever Facebook account they linked has nothing to do with me. + +I don't understand on what planet a Facebook account is enough to verify identity and authorize thieves to steal MORE money; but that's what happened in this case. + +Once again, I appreciate everyone's time and thoughts on this post. I'll continue reading/replying/updating. +I’m looking to understand the actual research behind how each strategy performs over time, currently I invest mainly in dividends even though I’m only 28 and have a high income. (I do more speculative investing outside of stocks). + +I’m hoping to find some research that definitively lays out the performance differences between both strategies and any other pros and cons (ie the psychological benefit of passive income helping you not panic sell in bear markets). Thanks! +* **PayPal stock fell 6% on Monday following the company's botched acceptable use policy update.** +* **The company faced backlash over the weekend after its updated policy included a $2,500 fine.** +* **PayPal has since rolled back the update, saying that its misinformation policy was incorrect.** + +PayPal stock fell as much as 6% on Monday after the company botched the roll-out of an acceptable use policy update that included big fines for the promotion of misinformation. + +The new acceptable use policy expanded the company's list of prohibited activities on its platform to include "the sending, posting, or publication of any messages, content, or materials" that "promote misinformation." + +Users that violated the policy would have been subject to a $2,500 fine that PayPal would automatically debit from their account. The policy was originally slated to go into effect on November 3. + +But the updated policy created a firestorm on social media over the weekend, with several former PayPal employees weighing in and criticizing the policy, including PayPal co-founder Elon Musk. + +Former president of PayPal David Marcus tweeted, "It's hard for me to openly criticize a company I used to love and gave so much to. But Paypal's new AUP goes against everything I believe in. A private company now gets to decide to take your money if you say something they disagree with. Insanity." + +PayPal immediately rolled back its policy update to exclude the new misinformation policy. The company told media outlets: "PayPal is not fining people for misinformation and the language was never intended to be inserted into our policy." The payments platform said the policy update "went out in error that included incorrect information." + +Source: [https://markets.businessinsider.com/news/stocks/paypal-stock-price-blowback-misinformation-policy-2500-fine-error-musk-2022-10](https://markets.businessinsider.com/news/stocks/paypal-stock-price-blowback-misinformation-policy-2500-fine-error-musk-2022-10) +I got my first job out of college paying 30k, less than minimum wage where I'll be living (job is not in the city limits), and while the work and title will be great for my resume/portfolio, even with extremely frugal living, I will have to live paycheck to paycheck. Even if I find a roommate (which is up in the air right now), I wouldn't even be able to max a Roth IRA. I still plan on doing some extra freelance work, but I'm not going to budget for money I don't know I'll have for sure, and that might be an extra 5k if anything. + +I am waiting on a decision from a job likely paying over 20k more (fingers crossed), but I'm sort of trying to mentally prepare myself for what my life will be like without a year of saving or working toward FI (and having to sacrifice a lot of my free time as well). I'm also not looking forward to having to look for jobs again in a year, but I can't sustain 30k long term, especially after the 7 months of grueling job search I just did, literally the most emotionally depressed I've ever been. + +I'm also a bit concerned about overworking myself to make extra money. This job is going to work a little overtime (sports environment), and working freelance on top of that, I'm concerned about sacrificing my hobbies (namely studying Japanese and exercising) that give me great energy and sense of agency over my life, as well as sacrificing time with friends, and work life balance is significantly important to me, and I am not about hustle culture if I don't have to be. Idk, it's a confusing mix of emotions I'm trying to figure out, because I am also very excited to start this, if the other job doesn't pull through. But yeah, it would be really reassuring to hear other stories and how you get through periods of low pay financially, but mostly mentally/emotionally. + +Also, just fyi, I have about 10k saved, between emergency fund, savings, roth, and checking, all basically just as a cushion for now. +Probably a stupid question, but I’ve been renting out my house to the same tenants for the last 5 years. They want to stay long term and I feel the real estate agent doesn’t really do much and charges $80 a week for their efforts. + +How do I go about telling them I don’t want to use their services anymore and rent it privately to the current tenants? What happens to the bond they’ve paid, would it still be held by the same 3rd party? + +I know this probably sounds like a dumb question but I really don’t know where to start +Turning 27 next year which could arguably be considered in the late phase of ones 20s and approaching the 30s decade. Wondering what advice people in their 30s would have to people that are in their 20s approaching their 30s. This could be finance related, health related, life related. I currently feel a heap of pressure to be getting married and having kids (know alot of people who are hitting this phase) but genuinely feel like as a mortgage holder in Sydney that this is just impossible and I don't want to tie my life down with a spawn of the earth. Also feel like I have alot more travel to do before I settle down like that. +Due to inflation, the debt incurred in the pandemic was effectively cut + +https://preview.redd.it/cmucw6xv6yx81.png?width=1168&format=png&auto=webp&s=ec08f2c300fb3a630938d65aebca11a7c6d216f9 + +If inflation is 8.5%, then a 2.5% bond rate is only equivalent to a -6% real rate, so the U.S. government's debt can be reduced in this way quickly - and because inflation is not taken into account in the calculation of corporate taxes in the U.S., taxes on the rich will increase as a result. + +[CAN HIGHER INFLATION HELP OFFSET THE EFFECTS OF LARGER GOVERNMENT DEBT?](https://budgetmodel.wharton.upenn.edu/issues/2021/10/21/can-inflation-offset-government-debt) + +So in effect as long as inflation is high enough and real interest rates are low enough, then deficits and debt are not a problem for the government, but for capital income earners. + +For those who have sufficient income to offset the interest on their debts, the current mortgage actually generates income rather than losses. Despite the 0.25% increase in the interest rate, inflation has increased by over 3%, which has resulted in interest rates actually decreasing. +I just sold my camper trailer for $26000 the guy put a deposit on it and came to pick it up yesterday (Friday) and paid via his combank app using osko. I thought being osko it would be instant but he showed me the message that It can sometimes take up to 24 hours to process because he has not transferred to me before. I let him take the camper, he appeared trust worthy and showed me that it was transferred. It is now the next day and still not in my account. Is it likely to come in over the weekend or early next week? + +Never had this issue before with other osko banks so am stressing at this point. +Over the weekend I made this post: [https://www.reddit.com/r/financialindependence/comments/ddqua0/we\_make\_150kyear\_yet\_our\_effective\_federal\_tax/](https://www.reddit.com/r/financialindependence/comments/ddqua0/we_make_150kyear_yet_our_effective_federal_tax/) + +Initially I was pleasantly surprised to find out that our Effective Federal Income Tax Rate on $150,000 of income was only 6.34%. My wife and I both max our Traditional 401(k)s and HSAs to help reduce our federal tax burden. I always assumed we paid closer to 20% in taxes (which is the assumption in my FIRE spreadsheet), so this was good news! This would means that our FIRE date would potentially move up by a couple years! + +But then a few members of this fantastic community pointed out that I shouldn't forget things like the 7.65% FICA payroll tax, our state's income tax, property tax, and even sales tax. + +This encouraged me to try and calculate the TOTAL amount of ALL taxes that we pay in a given year. Below is a breakout of each major type. + +|Tax Type|Amount|%| +|:-|:-|:-| +|Federal Income Tax|$9,504|31.5%| +|State Income Tax|$8,740|29.0%| +|City Income Tax|$0|0.0%| +|FICA Payroll Tax|$10,939|36.2%| +|Property Tax|$314|1.0%| +|Sales Tax|$650|2.2%| +|Car Tag Tax|$40|0.1%| +|**TOTAL TAXES PAID**|**$30,187**|**100.0%**| + +I was then very surprised to find out that our federal income taxes accounted for a much smaller amount of our total tax burden than I would have originally thought! + +**Our Total Effective Tax Rate ended up being 20.12%** ($30,187/$150,000). Which is actually SLIGHTLY HIGHER than my FIRE spreadsheet assumption of 20.0%! + +I figured this would be a helpful finding to share with the community because some of the "smaller" taxes we pay (like state, city, FICA, property, and sales taxes) can really add up and potentially have a big effect on our FIRE calculations. + +**EDIT:** As a few of you have pointed out, in retirement taxes should be a bit lower (No FICA payroll taxes, untaxed Roth withdrawals, and lower income taxes for dividend and long-term capital gains in taxable account. So to get an accurate tax number for your FIRE spreadsheet, you would want to account for those changes. +Intel planned to announce Monday a laptop-computer chip that combines an Intel processor and an AMD graphics unit, according to a person familiar with the matter. The chip is intended for laptops that are thin and lightweight but powerful enough to run high-end videogames—attributes that lately have been driving sales in an otherwise waning market for personal computers. + +https://www.wsj.com/articles/rivals-intel-and-amd-team-up-on-pc-chips-to-battle-nvidia-1509966064 +Started seriously trying to get my debt under control in February 2015, at which point I created a spreadsheet of all my debt to track monthly (suggestion from forum) and found I had $88,392.72 in debt. This was split between ~$39k in credit card, ~$36k in student loans, and ~$14k in car loan. The credit card debt was a combination of some unexpected/unfortunate circumstances, and bad decisions. + +I started by consolidating my credit into a consolidated loan with lower interest (suggestion from here). I then prioritized loans based on interest rates (suggestion from here also). I reduced expenses (got rid of TV service, downgraded phone plan, got a lower rent apartment, didn't travel as much, ate out much less, started doing meal prep, etc - also suggestions from here), and made some extra cash where I could. + +Now, I'm at: +Credit card: paid off monthly, $0 balance! +Consolidated loan: ~$18k; +Student loans: ~$20k; +Car loan: ~$1.5k; +(So a total of a little under $40k, as mentioned above.) + +I do fall into a somewhat higher income bracket, but getting to this point did require sacrifice - I decided not to buy a home at this time to focus on debt, and reduced expenses as per above, among other things. + +I haven't managed to put as much into savings as I would like, and am starting to focus on that more now that I have the debt more under control. I should note though that during the same period I did increase my retirement savings by about +80% through employer & my contributions, plus an upturn in the economy. + +Looking forward to hopefully being debt free in about 1.5 years, or less! + +Edit: I'd rather not give my exact income for privacy reasons, but since people keep asking, I would estimate I was putting in the area of 40% of my take-home pay toward debt reduction. +>As of April 9, 2020, Ford has $30 billion in cash. +> +>RBC *estimates* that Ford burns $1.2 billion of cash per week. + +[CNBC](https://www.youtube.com/watch?v=jGfYZxtks_U) , [F stock price](https://finance.yahoo.com/quote/F?p=F&.tsrc=fin-srch) +bogged finance an actual decent coin/project. So I heard about this project on this sub. And decided fuck it why not. So I put a bit of money in it. + +I've risked a couple dollars into it and its been good. Bought some more this morning. + +While being on this sub I've seen so many trash coins and lost money trading it. I've seen all the safe coins (safemoon, safestar, safemars, safepluto and I reckon their more coming). I also seen the rug pull (TDI). + +I know we all want 10x in a day but in a space of a day coins like that can do 10x and then dump below where they originally started. + +I've held bog for about a week now and I've seen my money double it's and exponential growth coin and I see it has space to grow further. It's already listed on coingecko. + +Its currently at about $4.5 so much more realistic compared to all these coins with 10 zero and $10 is worth like a billion of the coin ( like really you think it is going to get to 0.0001 ?) + +Bog is an actual safe coin. Not something that's going to give you anxiety on whether the coin you bought has gone from 0 to 0 or 0 to 0 +So I am trying to buy my first home. + +11 months ago, I went to IKEA and took photos of the prices on displays (to form a budget if we were to buy our furniture new). I just made the mistake of checking back online, and HOLY CRAP, the prices have risen astronomically. + +For example: +* The FRIHETEN black sofa bed was $949, now $1299 (37% rise) +* The EKEDALEN oak extendable dining table was $299, now $499 (66% rise) + +Ikea is only one example but how does this feasibly happen over the course of one year if inflation was only 7%? Will it ever go back down? + +Just another kick in the face to anyone trying to enter the property market… +Edit: The DD is never done!!! Keep digging + +**TL;DR Having a fractional share in your Computershare account moves any sales back through Computershare’s brokerage and into the DTC. In the event of a sale. This moves the share back to "Street Name," adding it to the DTC's system, and provides liquidity to short sellers as apes begin to sell.** + +Edit: Clarity...I am NOT encouraging sell their fractionals. I don't have all the answers. Maybe buy from broker the the amount it will take for you to have a full share. Then BOOK IT. + +**==FIRST AND FOREMOST? WTF IS A SELL BUTTON?==** + +* This post will immediately get shot down because I'm bringing up the thought of selling. But let's be perfectly clear, this post discusses the scenario and hypothetical sale of GME. +* Everything in this post is factual and backed by sources, as well as self-experimentation and testing. +* What this post is intended to do is educate apes on the theoretical sale of “Pure DRS” vs. “Pure DRS + Fractional Shares/Dividend Re-investment Plans” in Computershare. +* In other words, this is a split test!!! + +# ==STOP AND THINK== + +>**When you're being told to do something, stop and think...be objective. Do your own research....even for this post. That is why I encourage you all to run through the DD, and validate this post and each comment in the thread.** + +* There has been a lot of FUD, first starting out with individuals telling apes that there is no difference between "Book" vs. "DSPP Plan" Shares. **This has been debunked...there is 100% difference between the two.** +* And to add onto that...the same individuals are telling apes **to "hold onto their fractional shares."** +* WHY WOULD I LISTEN TO THE SAME INDIVIDUALS WHO JUST TOLD ME THAT THERE WAS NO DIFFERENCE IN BOOK vs. DSPP "PLAN" SHARES...who are now advising me to "Not sell my fractional share”, or “Make sure your dividend re-investment plan is enabled.” +* You were wrong once, and now you expect me to listen to you? You misled us once, you’ve spread misinformation, and now you want to mislead us again? +* I refuse to take advice from those individuals...I'm finding out for myself. + +# ==ELI5 TL;DR Split Test Results== + +* **\[BAD\] Fractional Share or DSPP “Plan Re-enabled” in Computershare ==** Share goes back through the Computershare Trust Company, N.A. “Brokerage” and into the DTC system. +* **\[GOOD\] No Dividend Reinvestment Plan and/or Selling the Fractional Share ==** Similar to a Peer-2-Peer Selling of Class A Common Stock. DTC cannot access the share until the share is re-registered with a broker/bank DTC Participant. + +# ==IMPORTANT== + +* **\[DOUBLE TAP\] Initiating a sale of a "Book" share with a fractional share in “Plan” will KEEP THAT BOOK SHARE in Plan...even if you cancel the sale.** +* **\[DOUBLE TAP\]** The next person to purchase a “Class A Common Stock” sale from Computershare...if they have a fractional share in their brokerage (or DSPP Plan), will automatically trigger their brokerage to re-engage that share back into the DTC under “Street Name”. **This is most likely why we saw FUD in the past telling users not to sell their fractional share after they transferred from broker to Computershare.** +* We know that “Pure DRS” cannot have fractional shares, so by deduction, any brokerage with a fractional share (or that is capable of having Pure DRS’d to Share Types) would automatically move shares back into the DTC, and into “street name.” That means any broker from the DTC Participant Report will move a share back into “Street Name” ([Source](https://postimg.cc/PL8j5Z7Z)). “Technically, shares registered through DTC in the names of banks or brokers are said to be held in "street name," while shares registered in the name of a bank nominee account are said to be held in "nominee name." In practice, however, the phrase "street name" includes shares held in nominee name ([source](https://www.sec.gov/comments/4-537/4537-25.pdf)) +* Is this proven? Yes, and No...We know that Computershare automatically moves “Pure DRS’d” shares back into their brokerage when we performed the following test. I can only assume other brokers would do the same. + +# ==WHAT HAVE WE CONFIRMED SO FAR? == + +* THERE IS 100% A DIFFERENCE IN "BOOK" vs. "PLAN" +* **\[DOUBLE TAP\]** The ONLY WAY TO SELL FRACTIONAL SHARES is through a major brokerage firm ([Source](https://www.investopedia.com/terms/f/fractionalshare.asp#:~:text=Trading%20Fractional%20Shares,might%20take%20longer%20than%20hoped.)) +* **\[DOUBLE TAP\]** DSPP “Plan” Shares are **sponsored and administered by Computershare Trust Company, N.A., (**[Source](https://cda.computershare.com/Content/7bfc0b25-4836-40a4-918c-9a86d658d798)**)** +* **\[DOUBLE TAP\] Computershare Trust Company, N.A. IS 100% Computershare's Brokerage/Bank**, a subsidiary of the parent Computershare Inc. ([Source](https://www.sec.gov/Archives/edgar/data/9631/000119312514406662/d816839dex251.htm)). They “purchase and sell securities” and…. +* **\[DOUBLE TAP\] Computershare Trust Company, N.A**. is listed on the DTC's "Participant Report" **(**[Source](https://www.dtcc.com/-/media/Files/Downloads/client-center/DTC/DTC-Participant-in-Alphabetical-Listing-1.pdf)**)** +* Shares held in a **brokerage** are beneficially-owned shares. I.e, they are held in street name. w/ **Computershare Trust Company, N.A** as the "intermediary" w/ certificates **registered in the name of Cede & Co. (DTC Nominee)** ([Source](https://www.computershare.com/us/becoming-a-registered-shareholder-in-us-listed-companies) \*See image from Computershare below). This is also known as being held in “Street Name.” +* Stocks held in "Street Name" by a brokerage "may be loaned to short-sellers and resold to others." ([Source](https://www.investopedia.com/ask/answers/185.asp#:~:text=Stocks%20held%20in%20street%20name,recover%20100%25%20of%20all%20securities)) +* DSPP Shares are held in **Computershare Trust Company, N.A.,** the *"Transfer Agent"* for **ALL DSPP Shares** (and I mean ALL, not a portion, not a sample, ALL) as a proxy to you under Street Name Registration. +* The “Cost to Borrow” increasing 2x and “Shares Available” decreasing is most likely a direct result of apes moving from DSPP to Book. Something to keep in mind, the 300,000 shares today are most likely coming back through the system from t-3 days ago. ([Source](https://stocksera.pythonanywhere.com/ticker/borrowed_shares/?quote=GME)) + +See the flow below as outlined by Computershare themselves. ([Source](https://www.computershare.com/us/becoming-a-registered-shareholder-in-us-listed-companies)) + +https://preview.redd.it/rymeci70867a1.jpg?width=904&format=pjpg&auto=webp&s=c56263deb45022e631da37201c4a80f673714034 + +# =====WHY THE PUSH TO KEEP YOUR FRACTIONAL SHARE? ====== + +* Why was there an immediate push to debunk Book vs. DSPP, claiming that there was no difference? +* Why was there a push to silence the discussion...? +* And why was there an acceptance to “switch to book, they’re not my shares,” but make sure not to sell your fractional share and/or re-enable your Dividend Re-investment plan? Well, let's find out... + +# WELL TL;DR FOR THAT ANSWER…. + +* When you move DSPP Shares to "Book", it moves the share to "Registered Ownership". I.E this is what we call "Pure DRS" +* If you keep fractional shares in your account, let me break it to you, Computershare will move the sale back to DSPP "Plan" - DirectStock. +* What does this do? As you begin to sell, you add fuel to the fire by placing your share back into Computershare's brokerage and back into the DTC's system. This not only executes the sale but it re-adds shares into the DTC, which amplifies the sell-off, increasing the “Borrowable Shares”, and allowing short sellers to short the stock again. + +# =====HOW DO I KNOW THIS? ====== + +* We (edit: me and another ape) performed a test after seeing multiple reports from other apes that their shares were being moved back into DSPP. +* So we tested the theory; we used two different Computershare accounts…one with a fractional and the other without. + +**HERE IS THE OUTCOME OF A SALE w/ FRACTIONAL SHARES OR A DIVIDEND RE-INVESTMENT PLAN ENABLED (You can perform this test further down in the DD)** + +* Notice the move from Class A Common Stock back into “DirectStock”. These flow back through Computershare’s brokerage. +* **Even processing and submitting a sale, then canceling will keep those shares in DSPP.** + +https://preview.redd.it/28dsbrv4867a1.jpg?width=2250&format=pjpg&auto=webp&s=f7ac8bbf2360adc94f4c3697d4ccb625ffe3e5c1 + +**HERE IS THE SAME TEST SALE WITHOUT A FRACTIONAL SHARE IN COMPUTERSHARE** + +* There is no move back into “DirectStock”; the same type remains as a “Class A Common Stock” sale. +* This sale type is essentially a peer-to-peer sale. + +&#x200B; + +https://preview.redd.it/u7p0ucz6867a1.jpg?width=1918&format=pjpg&auto=webp&s=99fd4fa1fca6838ef4bc4d95dbcffdac70e9b23c + +https://preview.redd.it/l2dtr5bb867a1.jpg?width=1454&format=pjpg&auto=webp&s=d63a4e1ee7cc9257962e351120c1e8cbba2d3698 + +# How can you test this yourself if you have a fractional share in your account? + +1. **THE FOLLOWING TEST WILL NOT SELL A SHARE. BUT BE PREPARED TO FOLLOW THE INSTRUCTIONS ALL THE WAY THROUGH, INCLUDING CANCELING THE PENDING TRANSACTION.** +2. The following test validates this DD. You will perform a test but will immediately CANCEL the pending share sale! Again, there is no intention to sell; you are performing a test. ***If you do not feel comfortable performing this, please let others perform it in their account. They will validate the DD.*** +3. Log into Computershare +4. Under Summary > Portfolio > Holdings > Click “View Details” + +https://preview.redd.it/ffeh1w4e867a1.jpg?width=2534&format=pjpg&auto=webp&s=bd22fc40d13032fce41ceb2a7a4f1abd42d40e00 + +5. Under Action, Click “Sell” > The Next Page is a Summary Page. You will select the Quantity and Sale Type after clicking next. + +https://preview.redd.it/65t1ozaj867a1.png?width=2550&format=png&auto=webp&s=1e5bbd6ecd769d9901b7022d1676b78c7ba11ac4 + +6. After clicking next, you will specify a quantity and sell limit. For my test, I’ve selected 1, with a “Limit Price” of 500. (Don’t worry, we all know that this should really be telephone number level. We’re going to cancel it regardless. Clicking Next **WILL NOT EXECUTE THE SALE.** The sale will go into a pending transaction as the limit price is way outside of the current market price. + +https://preview.redd.it/x2u9d21m867a1.jpg?width=2550&format=pjpg&auto=webp&s=2997e30a5284399e07db228901097e074e63cf96 + +7. **Click “NEXT” and verify the electronic banking details. Clicking next will take you to a breakdown of Computershare fees (I know…their fees are insane), but that’s the price we pay to uproot a fraudulent system.** + +https://preview.redd.it/6hvc1oxn867a1.jpg?width=2280&format=pjpg&auto=webp&s=2ca9edad27f859aad9b2431e0de622bda32383e9 + +8. Verify the details, and **MAKE SURE YOU HAVE A LIMIT ORDER THAT WILL NOT EXECUTE THE SALE. Once you click submit, you’ll notice something very interesting in your account.** + +9. The share you just listed to sell will be moved from “Class A Common” Back to “DirectStock”. i.e From PURE DRS, back to Computershare’s Brokerage. What does that tell you? That stock is moved back to the \*\*Computershare Trust Company, N.A.,\*\* and right back through the DTC system. + +https://preview.redd.it/cwg6n7pq867a1.jpg?width=2556&format=pjpg&auto=webp&s=3f4cdbcd2fc4e96f02b7332813d374735c36ad95 + +10. Click “Activity” > “Transactions,” and what you’ll see is something like this….The share has been moved and credited to “DirectStock” + +&#x200B; + +https://preview.redd.it/cfyqb8kt867a1.jpg?width=2250&format=pjpg&auto=webp&s=bf138e715517aece86295ce1ce177589fdf9f364 + +11. **10) DO NOT FORGET TO CANCEL THIS ORDER. Go to Activity > Pending Transactions > Actions > “Cancel Transaction”** + +https://preview.redd.it/62y52wwy867a1.png?width=2550&format=png&auto=webp&s=83f013e71c41fac35682339dd57614ca3abcce02 + +12. **When you go back to the summary tab, click “View Details.” The share you just listed to sell will be moved to “DSPP Plan Holdings.” To move this share back to BOOK, you will go under “Plan Holdings” > “Actions” > “Reinvestment Options” > and select “Enroll.” Then immediately delete the reinvestment option.** + +https://preview.redd.it/di4p0is0967a1.jpg?width=2524&format=pjpg&auto=webp&s=163961d73d3b49009c9f073f39fec5a9375f9870 + +13. **Enroll in Reinvestment, then delete the investment option.** + +&#x200B; + +https://preview.redd.it/el1zbpw2967a1.jpg?width=2336&format=pjpg&auto=webp&s=0737d8a43b6e7aab88eec64b0c1dc0e84a67acb1 + +14. **What this will do is place any WHOLE shares back into DRS Book i.e. “Pure DRS.” Moving the share back to “Book”.** + +# WHAT DID REMOVING THE FRACTIONAL SHARE DO? + +* Removing the fractional share will process a sale to the next person in "Class A Common Stock" form. That means that the share has to go through the process of being re-registered to the DTC by a brokerage after the sale takes place. +* Think of it like this....Removing the fractional share causes a peer-two-peer sale of a certificated share that has been completely removed from the DTC's system. +* Even as you go to sell your share, it is forever removed from the DTC's slimy hands until the next person buying decides to register it back into the DTC. +* Not removing the fractional share causes the sale to flow back through the brokerage, into the DTC, and increases the available **"shares to borrow”.** +* Keeping the fractional share moves the stock type back into DSPP "Direct Stock" and hands the keys (I.e. the certificate) back to the DTC, allowing short sellers to short the stock…amplifiying the sale/short process. + +# SO WHAT'S THE ALTERNATIVE? + +As stated by Computershare, you can sell your **DRS (book-entry) shares** **through Computershare’s Sales Facility** by accessing your account through Investor Center. ([Source](https://www5.nohold.net/Computershare/ukp.aspx?login=1&pid=18&ruleid=3024&donelr=1)) + +>***Second Method: (DRS Sales Facility)*** +> +>*You may sell your DRS (book-entry) shares through Computershare’s Sales Facility by accessing your account through Investor Center,* +> +>*If you do need to call us, you will need a company specific phone number. For company specific phone numbers, click* [***here***](https://www-us.computershare.com/Investor/#Contact/Enquiry)*. You will need to enter the ticker symbol or company name under the Contact Information for a specific company section to obtain the number you are looking for. You will also be able to obtain the hours when the contact center is open.* +> +>*All such sales are subject to the Sales Facility Terms and Conditions, including applicable fees.* +> +>*Please be advised that if you want the proceeds from the sale to be directly deposited to a bank account through electronic funds transfer, the instructions must include a Medallion Signature Guarantee. Otherwise, we will issue a check for the proceeds to the registered owner at the address of record.* + +https://preview.redd.it/cgfh5o06967a1.jpg?width=2436&format=pjpg&auto=webp&s=54c6c3899e67ef758c7e2dcadd394a58112363c3 + +# WHAT DOES THIS MEAN? APES WILL BE POURING WATER ON ROCKET BOOSTERS AS THEY SELL IF THEY HAVE FRACTIONAL OR RE-INVESTMENT PLANS + +* **Getting rid of Fractional Shares and the Dividend Re-investment plan creates an almost blockchain, peer-to-peer, no middle-man system in which the buyers (short hedge funds) have to come directly to you to purchase. These are sold through the DRS Sales Facility. Keeping either of these two (fractional or dividend reinvestment) in your account moves shares back into the DTC, registered in “Street Name”, and provides liquidity to short sellers.** +* **This directly slows the ability of short sellers to short shares as apes sell.** +* But WTF do I know? I don't even know what a sell button is. Food for thought, and to those that claim this is "debunked" or try to fight against this...We know you are most likely a shill and or an alt-account. +* The same people that told you, “there’s no difference between book and “plan”, are the same people that told you to “keep your fractional share, and/or re-add your DSPP re-investment plan” +* Now start to think about every person who kept telling you, “Don’t sell your fractional share” or “re-add your DSPP re-investment plan”… +* Why did they tell you to do that? Was it because of what this post seeks to explain or expose? +* These are the same people who are actively working against you to slow down MOASS… + +&#x200B; + +Edit: Some formatting and added links. + +Edit 2: I’m clearly getting attacked by individuals, who are throwing insults at me, and not the facts that I’ve laid out. I’m not asking apes to do anything, round up your share and book it. I’m presenting market mechanics to you all, then decide what you will with it. + +Edit 3: I thoroughly believe buying from ComputerShare in “Book” is the way, and using any/all methods to add to the longevity of MOASS +I'm gonna receive 10k next week. I plan to sell some puts, then sell covered calls if assigned. What are interesting targets right now? Some my old friends are just too high for me. I'm not that aggressive. Thank you guys for inputs. +I started doing the theta gang strategies back in September 2020 and I wrote up some of my lessons learned as a beginner trader. I hope this helps someone make fewer mistakes than I did. 🤗 + +[https://major.io/2021/01/04/lessons-learned-from-selling-puts/](https://major.io/2021/01/04/lessons-learned-from-selling-puts/) +Hi, thetagang! + +I want to talk about how we pad our portfolios to hedge risk in this current market. If interest rates weren't super low, I think a careful bond blend would be enough. But... that's not the case. + +Anyways, there is a great alternative to bonds that outperforms $QYLD and $JEPI but is stable enough to consider it a 'risk-hedge'. Most people have probably heard of [$NUSI](http://go.hvm.com/NUSI-outperformance?), but I just wanted to dive deeper into the fund, its alternatives, and why it fits into the r/thetagang strategies so well. + +**Why am I posting about this in** r/thetagang ? + +First off, please don't remove this post. I'm writing about $NUSI in r/thetagang because this fund is more than r/dividends can handle. Secondly, I'm *literally afraid* of WSB right now, so this is the only place I have left to go. + +**My excitement about $NUSI is that it is an alternative tool (to bonds) that could nicely pad an otherwise aggressive (AKA Thetagang) strategy using the same thetagang secrets and techniques for success.** In other words, the market is currently ripe for funds like $NUSI (and the collar strategy in general). + +**Just a brief review of the performance of $NUSI** + +[Funds like $NUSI aren't meant to be analyzed in the short-term, but $NUSI is brand new. So investing in it is a bit more speculative.](https://preview.redd.it/0gt5kvnwvvf61.png?width=2104&amp;amp;format=png&amp;amp;auto=webp&amp;amp;s=d8a783e6e0b596eb3e71817ada07cf21759e361e) + +**How does $NUSI work?** + +[$NUSI](http://go.hvm.com/NUSI-outperformance?) is a risk-managed fund that sells net credit collar spreads to generate income and provide downside protection for investors that cannot (or will not) trade their own options. + +Remember, a collar is an options strategy limiting both gains and losses that is traditionally established by holding an underlying stock, buying an out-of-the-money put option, and selling an out-of-the-money call option. + +[Income from net realized capital gains are distributed annually.](https://preview.redd.it/l8xq9bzkgvf61.png?width=1810&amp;amp;format=png&amp;amp;auto=webp&amp;amp;s=1187875f4333994b6209ae56c24c885edb36790a) + +**$NUSI promises a mostly constructive return of capital because of OTM calls.** + +Distributions, regardless of their sources, are deducted from the Fund’s NAV, so **if the Fund has a total return that is greater than or equal to its distribution rate, and any portion of that distribution is attributed to a ROC, then that would be deemed a constructive return of capital.** That is mostly what $NUSI promises. + +[At the end of the fiscal year, the ACTUAL amounts and sources of the distributions generated by the Fund over the applicable reporting period may be determined to be from net investment income \(NII\), short‐term gains, long‐term gains \(to the extent permitted by law\), and return of capital.](https://preview.redd.it/c56retirkvf61.png?width=1996&amp;amp;format=png&amp;amp;auto=webp&amp;amp;s=8fb4f9b280c6b14262779fd3624b8df8f2e3743f) + +**Here is a picture of $NUSI's dividend history:** + +[Thank you to fidelity for this info](https://preview.redd.it/lfx7p7kzkvf61.png?width=1604&amp;amp;format=png&amp;amp;auto=webp&amp;amp;s=982684c5561c7c9931119e5760a9ac66f33a7e80) + +**Now let's talk about how the current market responds to the $NUSI net credit collar strategy** + +We are still in a bull market. See below + +[When the market trends upward, the Fund’s managers have the ability to close the short call option, thereby “uncapping” the portfolio which may consequently allow for potential appreciation stemming from the underlying equity portfolio. However, in a rising market, the Fund may potentially underperform the broader equity market, with the sale of the index call option at a predefined strike price capping upside. The majority of the income generated by the Fund will be sourced from equity appreciation and underlying equity dividends, with a smaller amount being derived from options premium, particularly in a low volatility environment.](https://preview.redd.it/nr51gouhhvf61.png?width=1458&amp;amp;format=png&amp;amp;auto=webp&amp;amp;s=cbd4a8ea8bbd9f339887f860f1fcf1d96e796447) + +**In a flat market**, like what is predicted for the next decade, funds like $NUSI (or the collar strategy in general) can also potentially benefit from a total return which equals the annual distribution. + +[ In a sideways market during which the equity benchmark remains relatively static, the sale of the call option may aid in supporting the generation of premium which the investor retains. Further, the constant hedge continues to protect against potential losses in the equity portfolio, with the retention of the underlying equity holdings allowing for future appreciation. Now, the majority of the income would be generated from options premium, with a smaller portion stemming from the dividends from the Fund’s underlying equity portfolio. ](https://preview.redd.it/zz6esoblivf61.png?width=1446&amp;amp;format=png&amp;amp;auto=webp&amp;amp;s=dfc51246f103bccc3a2eba750426cc59262d2f05) + +**In a declining market**, as we all fear, funds like $NUSI would benefit from increased volatility that potentially increases options premium derived from the call option and from gains in the put option. + +[ In a down or declining market, it is reasonably anticipated that the Fund will post solid relative performance. In this environment, the strategy will sustain its generation of premium from the index call option, assuming that the market decline does not make the Nasdaq-100 index put option relevant. It may underperform in this environment if the positioning \(i.e. strike price\) of the portfolio hedge exceeds the magnitude of the market decline. The majority of the income generated would come from options premium, accrued gains in the underlying equities from prior periods, underlying equity dividends, and potentially, current period gains from the put options appreciating in value. ](https://preview.redd.it/3tpkgr8zivf61.png?width=1445&amp;amp;format=png&amp;amp;auto=webp&amp;amp;s=b3abe7b996a214acf3248336c44f9538cdc83f85) + +**What about alternatives to $NUSI?** + +[ Distribution yield\* vs other income-oriented investments \(as of 1\/31\/21\) ](https://preview.redd.it/4lmwrff0gvf61.png?width=1089&amp;amp;format=png&amp;amp;auto=webp&amp;amp;s=99c914fd12150a11ef2e9dc60a17f8f9f98bea40) + +**What about $QYLD and $JEPI?** + +I suppose it depends on your goals and risk tolerance. I like that $NUSI sells OTM calls and buys OTM puts. It's too new to be sure of this, but I suspect it will outperform similar funds (like JEPI and QYLD). + +* [$QYLD](https://www.marketwatch.com/investing/fund/qyld) sells ATM covered calls on QQQ and has a higher monthly dividend but less growth and downside protection than $NUSI. It is about 1% per month, as opposed to about 0.65% per month in $NUSI. r/Dividends loves this shit, as they don't look at growth and ignore its relatively significant underperformance since March 2020. This is good for cash preservation, has a good expense ratio, and they've had consistent returns - but QYLD is not tax efficient. +* [$JEPI](https://am.jpmorgan.com/us/en/asset-management/adv/products/jpmorgan-equity-premium-income-etf-46641q332?c3apidt=p53932207041&amp;amp;gclid=Cj0KCQiAmfmABhCHARIsACwPRADQVWHdRqWhhPtvD5TwnqrVbqVSrAYlVe6yG_pZf2I2jq_HAOtV3rQaAuhNEALw_wcB&amp;amp;gclsrc=aw.ds) generates income through a combination of selling options and investing in U.S. large-cap stocks, seeking to deliver a monthly income stream from associated option premiums and stock dividends. It's an actively managed fund, too, that constructs a diversified, low volatility equity portfolio. $JEPI also has limited upside due to the use of equity-linked notes, but you get paid a nice premium from them as well. As long as the stock market increases below whatever the strike price is they are selling, then you will outperform the market on total returns. **The more sideways, the more a fund like $JEPI beats the market.** + * The mutual fund equivalent is [JEPIX](https://am.jpmorgan.com/us/en/asset-management/gim/adv/products/d/jpmorgan-equity-premium-income-fund-i-46645v675): Its inception date is August 2018, and its total return since inception is 4.5%. Not hugely impressive, but better than QYLD's (TR since the same date is 0.38%), so perhaps it is a reasonable option if it fits your needs. Both JEPIX and QYLD have lower volatility than SPY (obvi) + +One last thing: investing takes patience. $NUSI (or the collar strategy in general) would add a great pad to your portfolio, but mostly to empower your put and call selling. $NUSI is a bond alternative that may provide investors with greater flexibility across different market cycles, **aid in supplementing current income,** and as a complement to a traditional **60/40 allocation.** It is currently outperforming $QYLD and $JEPI. + +That's it. Thanks for reading (if you made it through). **Good luck everyone. Would love to hear questions, opposing ideas, and thoughts.** + +*Disclaimer: I'm not a financial advisor, this is not financial advice, I'm just excited about this ETF and the collar strategy in general.* ***I'm long in $NUSI, XYLD, QYLD, RYLD and SRET. Happiest about NUSI. Not being paid to write about this.*** *Past performance doesn't equal future success (except when job searching). Hit me where it hurts if this DD sucked. Edits for formatting.* +Hi, thetagang! + +I want to talk about how we pad our portfolios to hedge risk in this current market. If interest rates weren't super low, I think a careful bond blend would be enough. But... that's not the case. + +Anyways, there is a great alternative to bonds that outperforms $QYLD and $JEPI but is stable enough to consider it a 'risk-hedge'. Most people have probably heard of [$NUSI](http://go.hvm.com/NUSI-outperformance?), but I just wanted to dive deeper into the fund, its alternatives, and why it fits into the r/thetagang strategies so well. + +**Why am I posting about this in** r/thetagang ? + +First off, please don't remove this post. I'm writing about $NUSI in r/thetagang because this fund is more than r/dividends can handle. Secondly, I'm *literally afraid* of WSB right now, so this is the only place I have left to go. + +**My excitement about $NUSI is that it is an alternative tool (to bonds) that could nicely pad an otherwise aggressive (AKA Thetagang) strategy using the same thetagang secrets and techniques for success.** In other words, the market is currently ripe for funds like $NUSI (and the collar strategy in general). + +**Just a brief review of the performance of $NUSI** + +[Funds like $NUSI aren't meant to be analyzed in the short-term, but $NUSI is brand new. So investing in it is a bit more speculative.](https://preview.redd.it/0gt5kvnwvvf61.png?width=2104&amp;amp;format=png&amp;amp;auto=webp&amp;amp;s=d8a783e6e0b596eb3e71817ada07cf21759e361e) + +**How does $NUSI work?** + +[$NUSI](http://go.hvm.com/NUSI-outperformance?) is a risk-managed fund that sells net credit collar spreads to generate income and provide downside protection for investors that cannot (or will not) trade their own options. + +Remember, a collar is an options strategy limiting both gains and losses that is traditionally established by holding an underlying stock, buying an out-of-the-money put option, and selling an out-of-the-money call option. + +[Income from net realized capital gains are distributed annually.](https://preview.redd.it/l8xq9bzkgvf61.png?width=1810&amp;amp;format=png&amp;amp;auto=webp&amp;amp;s=1187875f4333994b6209ae56c24c885edb36790a) + +**$NUSI promises a mostly constructive return of capital because of OTM calls.** + +Distributions, regardless of their sources, are deducted from the Fund’s NAV, so **if the Fund has a total return that is greater than or equal to its distribution rate, and any portion of that distribution is attributed to a ROC, then that would be deemed a constructive return of capital.** That is mostly what $NUSI promises. + +[At the end of the fiscal year, the ACTUAL amounts and sources of the distributions generated by the Fund over the applicable reporting period may be determined to be from net investment income \(NII\), short‐term gains, long‐term gains \(to the extent permitted by law\), and return of capital.](https://preview.redd.it/c56retirkvf61.png?width=1996&amp;amp;format=png&amp;amp;auto=webp&amp;amp;s=8fb4f9b280c6b14262779fd3624b8df8f2e3743f) + +**Here is a picture of $NUSI's dividend history:** + +[Thank you to fidelity for this info](https://preview.redd.it/lfx7p7kzkvf61.png?width=1604&amp;amp;format=png&amp;amp;auto=webp&amp;amp;s=982684c5561c7c9931119e5760a9ac66f33a7e80) + +**Now let's talk about how the current market responds to the $NUSI net credit collar strategy** + +We are still in a bull market. See below + +[When the market trends upward, the Fund’s managers have the ability to close the short call option, thereby “uncapping” the portfolio which may consequently allow for potential appreciation stemming from the underlying equity portfolio. However, in a rising market, the Fund may potentially underperform the broader equity market, with the sale of the index call option at a predefined strike price capping upside. The majority of the income generated by the Fund will be sourced from equity appreciation and underlying equity dividends, with a smaller amount being derived from options premium, particularly in a low volatility environment.](https://preview.redd.it/nr51gouhhvf61.png?width=1458&amp;amp;format=png&amp;amp;auto=webp&amp;amp;s=cbd4a8ea8bbd9f339887f860f1fcf1d96e796447) + +**In a flat market**, like what is predicted for the next decade, funds like $NUSI (or the collar strategy in general) can also potentially benefit from a total return which equals the annual distribution. + +[ In a sideways market during which the equity benchmark remains relatively static, the sale of the call option may aid in supporting the generation of premium which the investor retains. Further, the constant hedge continues to protect against potential losses in the equity portfolio, with the retention of the underlying equity holdings allowing for future appreciation. Now, the majority of the income would be generated from options premium, with a smaller portion stemming from the dividends from the Fund’s underlying equity portfolio. ](https://preview.redd.it/zz6esoblivf61.png?width=1446&amp;amp;format=png&amp;amp;auto=webp&amp;amp;s=dfc51246f103bccc3a2eba750426cc59262d2f05) + +**In a declining market**, as we all fear, funds like $NUSI would benefit from increased volatility that potentially increases options premium derived from the call option and from gains in the put option. + +[ In a down or declining market, it is reasonably anticipated that the Fund will post solid relative performance. In this environment, the strategy will sustain its generation of premium from the index call option, assuming that the market decline does not make the Nasdaq-100 index put option relevant. It may underperform in this environment if the positioning \(i.e. strike price\) of the portfolio hedge exceeds the magnitude of the market decline. The majority of the income generated would come from options premium, accrued gains in the underlying equities from prior periods, underlying equity dividends, and potentially, current period gains from the put options appreciating in value. ](https://preview.redd.it/3tpkgr8zivf61.png?width=1445&amp;amp;format=png&amp;amp;auto=webp&amp;amp;s=b3abe7b996a214acf3248336c44f9538cdc83f85) + +**What about alternatives to $NUSI?** + +[ Distribution yield\* vs other income-oriented investments \(as of 1\/31\/21\) ](https://preview.redd.it/4lmwrff0gvf61.png?width=1089&amp;amp;format=png&amp;amp;auto=webp&amp;amp;s=99c914fd12150a11ef2e9dc60a17f8f9f98bea40) + +**What about $QYLD and $JEPI?** + +I suppose it depends on your goals and risk tolerance. I like that $NUSI sells OTM calls and buys OTM puts. It's too new to be sure of this, but I suspect it will outperform similar funds (like JEPI and QYLD). + +* [$QYLD](https://www.marketwatch.com/investing/fund/qyld) sells ATM covered calls on QQQ and has a higher monthly dividend but less growth and downside protection than $NUSI. It is about 1% per month, as opposed to about 0.65% per month in $NUSI. r/Dividends loves this shit, as they don't look at growth and ignore its relatively significant underperformance since March 2020. This is good for cash preservation, has a good expense ratio, and they've had consistent returns - but QYLD is not tax efficient. +* [$JEPI](https://am.jpmorgan.com/us/en/asset-management/adv/products/jpmorgan-equity-premium-income-etf-46641q332?c3apidt=p53932207041&amp;amp;gclid=Cj0KCQiAmfmABhCHARIsACwPRADQVWHdRqWhhPtvD5TwnqrVbqVSrAYlVe6yG_pZf2I2jq_HAOtV3rQaAuhNEALw_wcB&amp;amp;gclsrc=aw.ds) generates income through a combination of selling options and investing in U.S. large-cap stocks, seeking to deliver a monthly income stream from associated option premiums and stock dividends. It's an actively managed fund, too, that constructs a diversified, low volatility equity portfolio. $JEPI also has limited upside due to the use of equity-linked notes, but you get paid a nice premium from them as well. As long as the stock market increases below whatever the strike price is they are selling, then you will outperform the market on total returns. **The more sideways, the more a fund like $JEPI beats the market.** + * The mutual fund equivalent is [JEPIX](https://am.jpmorgan.com/us/en/asset-management/gim/adv/products/d/jpmorgan-equity-premium-income-fund-i-46645v675): Its inception date is August 2018, and its total return since inception is 4.5%. Not hugely impressive, but better than QYLD's (TR since the same date is 0.38%), so perhaps it is a reasonable option if it fits your needs. Both JEPIX and QYLD have lower volatility than SPY (obvi) + +One last thing: investing takes patience. $NUSI (or the collar strategy in general) would add a great pad to your portfolio, but mostly to empower your put and call selling. $NUSI is a bond alternative that may provide investors with greater flexibility across different market cycles, **aid in supplementing current income,** and as a complement to a traditional **60/40 allocation.** It is currently outperforming $QYLD and $JEPI. + +That's it. Thanks for reading (if you made it through). **Good luck everyone. Would love to hear questions, opposing ideas, and thoughts.** + +*Disclaimer: I'm not a financial advisor, this is not financial advice, I'm just excited about this ETF and the collar strategy in general.* ***I'm long in $NUSI, XYLD, QYLD, RYLD and SRET. Happiest about NUSI. Not being paid to write about this.*** *Past performance doesn't equal future success (except when job searching). Hit me where it hurts if this DD sucked. Edits for formatting.* +Hi + +I have always been quite frugal when it came to the gym, always been going to one of the budget gyms like Pure Gym. + +However, recently the area where the budget gyms are at started to become very rough especially at night and also noticed the gyms started getting busier which I understand due to life of normality slowly coming and cost of living crisis. + +Turning 29 soon, I started to realise that I want to start taking my health more seriously. + +I found a Virgin Active in a nearby area where it is not as rough and comes with swimming pool etc. + +Also found that I could get a discount through my workplace however the yearly membership would be nearly £1000 which is about £700 more than what I was paying in budget gym. Understand you cant compare the 2 + +Just wanted a second opinion and thoughts here really + +Thanks +I am mid 40's with no children and have a few expenses: + +Salary $80,000(cdn) +Wife salary $85,000 (cdn) + +Mortgage is $3000 a month with $600,000 remaining +No other debts +Credit cards are at $0 +2 cars and no payments + +Our next house would hopefully be in the 1.2 mil range but prices are insane so who knows +Hello, my father passed away last month, and my siblings and I inherited 3 traditional IRAs. My dad died relatively young, and had gone through a recent divorce, so after splitting it between the 4 of us, it amounts to a total of about $12,000. + +I've seen all over the place to not take the lump sum distributions for tax reasons. Is the sole tax concern about it placing me in another tax bracket? If so, if I don't anticipate this amount moving me to another tax bracket, is there anything else I should consider? +So earlier this week I sold some individual stock off for a fairly substantial gain, it was an oil stock that has fared well this year against the rest of the market. It wasn't my biggest holding when I had originally bought it but it had ballooned to be an outsized portion of my taxable brokerage account due to how well it had performed in the years since I had bought it. + +My original plan was to re-invest that money back into S&P tracking funds over the next few months and save some extra cash for the capital gains hit I'll face next year. Instead, I did something a bit reckless for me this week and threw a good portion of this money into a growth stock that has been very beat up this year, down almost 70% from the 1-year high. I believe in this company and have done my research but it still feels like one of the bigger risks I've ever taken. It has a very high upside benefit if it plays out in my favor in the next few years, potentially reducing my FIRE countdown a few years if it even makes it back to its all-time high. + +Anyways, that leads me to this question for everyone else: what is the biggest financial risk you have ever taken on, and did it help or hurt your FIRE goals? Considering I have yet to buy a home or get married, this is definitely mine so we will see how it plays out. +The more and more I'm learning about the big players in the overall finance industry, more and more concerned I'm getting. + +- Has any of the successful people remained perfectly clean throughout their career? All these people like Rakesh Jhunjhunwala or Rajiv Khanna etc. it's hard to believe they never had any insider information or they never turned a blind eye towards something "wrong" somewhere. I hope I'm able to articulate this well. I come from a very simple family and it just scares me to jump into ~~a mudpool~~ unknown waters. + +- What if the I find that I have invested in a company that is not completely ethical in terms of professional practice? + +- Should I stick to my services sector? Where you earn by working more and bit smart but stay "poor" compared to real rich people? + +Doubts creep up. I know this sub is full of people who are professionals in finance and know how it is on the inside. I know it's too early to give up but any advice will be appreciated... + +Edit: Wording +“On the surface, it sounds like a good thing. But for plant owners like Paul Bubeck, of Lewright Meats in Eagle Grove, and thousands more like him, the new layer of testing will be cost prohibitive.” + +Discussion (not yet documented) is that the move is potentially motivated by large industrial food coporations to shut down the movement towards local foods and small farms taking away profits from big beef factories... + +Small farms and ranches are an important source of growing employment for regional areas that could be devastated by these new USDA rules. + +SOURCE: [Small meat plants feel threatened by USDA's new regs](http://www.farm-news.com/page/content.detail/id/501134/Small-meat-plants-feel-threatened-by-USDA-s-new-regs.html?nav=5005) + +EDIT: I am trying to find this impending legislation online and or a link to it, or a reference to it so I can read more about what these exact regulations are. +So as per title I’m about to finish my medical degree and start internship, with yearly pay $80-95k. I realise these early years where I have minimal expenses and no dependants is a good chance to save, so would love any tips or suggestions. I will need to buy a car as my job placement is regional, and know that salary packaging is available. + +EDIT: Many great tips and things to consider here, thank you all. Had not considered income insurance, will now be almost certainly getting it when I start next year. Thank you and looking forward to listening to Dev Raga podcast +This is the third post following [the 9 month update](https://www.reddit.com/r/AusFinance/comments/pz4o4x/update_electricity_bills_after_installing_solar/) regarding what my electricity bills look like after making the decision to install solar panels. A handful of people expressed interest in seeing another update post so I've formatted most of the information in the same manner as the previous posts. + +Details: + +* 8.4kw system (24 solar panels from Q Cells and Enphase Microinverters) + +* Paid $10 620 installation in late 2020 + +* Sydney, NSW + +* $0.17 feed in tariff for most of 2021 + +* Main home plus a detached granny flat on same electricity meter. 6 adults and many separate home offices. Every working person does so full time from home now. We have gas for hot water and cooking. + +All graphs and tables have been uploaded to [IMGUR in an album here for easier viewing.](https://imgur.com/a/NLZFC0V) + +* For the year of 2021 from Jan 01 to Dec 31 inclusive we paid $815.36 for our electricity costs. + +* This averages out to be $2.23/day for 365 days. + +* Prior to installing solar panels, I was locked into a 2 year plan with Energy Australia that offered a 25% off + 3% off discount for paying the bill early. The discount was only for usage and did not include any discount to the daily supply charges. My bills for 2020 without discount amounted to $3234.17 but I obviously opted for the pay early option and paid $2432.73 for my electricity costs. + +The current situation is that our energy provider AGL is reducing the FIT from April 1. It is moving downwards from $0.17/kWh to $0.12/kWh with a significant increase in the daily supply charge from $0.957/day to $1.0593/day. Energy usage rates are changing but roughly evens out to be similar to the old plan. Included in the Imgur album are the calculations for if we remain with AGL or move to another energy provider. We calculated our yearly bills with around 8 providers including Energy Australia, Mojo, Alinta, Reamped, Elysian etc and eliminated most of them based on the crazy daily supply charges. Based on our household's usage, we're now down to considering either Energy Australia's one year lock in discount package or one of Mojo's plans (either the flat rate or the sunshine plan). + +I added the Enphase data for our solar production for Jan and Feb 2022 onto the end of the imgur album but since we've had a rainy and dark Jan and Feb for two years in a row, I'm not sure how one might factor the effects of La Nina into future projections. News reports seem to suggest that the weather will be impacted until at least May. +Jumping on the back of a post here: "2023 Financial Plans", I am of the mind I'm just going to stop trying. + +I'm single and no dependents. I have some shares but no property - I rent and salary sacrifice. + +I'm almost 40, my job is decent (just shy of $90K p/a) and only slated to get better. I'm educated, one masters down and 1/4 into the next. + +But I honestly don't see the point in scrimping and saving while I'll most like work for the rest of my life anyway without enjoying retirement. + +So 2023 will see me taking a break from the norm and just live life how I want. + +Please let me know if you think I'm being idealistic, narcissistic, pessimistic or realistic because I don't have few other voices in my life to give context. +I definitely want to purchase a property, but I want to know if conventional wisdom says to 1) purchase a rental first and get some good cash flow to fund a home for myself (and renting in the meantime), or 2) if I should purchase a home for myself first (so I can stop burning money by paying rent) and just get a rental later down the road. + +I currently rent right now ($1660/mo) and live with my fiancée in SW Austin. We both have fairly high paying jobs ($170k combined) both in a tech field. We are both 25 and my goal is to FIRE by age 45 latest. Let me know if any more info is needed from me. +Hello, + +I'm in my early 20s and decided to dive into financial planning and learn about investing. I've read a book that I had sitting on my desk for a long time, "Rich Dad, Poor Dad" by Robert Kiyosaki. I enjoyed the read because it gave another perspective of making money, didn't get to technical and was filled with little experiences that made the whole thing pretty easy to read. That said, it was my first book on the topic of investing (in particular) and financial planning (in general). Since I'm inexperienced, I would like to know what you thought of the lessons and points of the book. I could criticize some imperative aspects, but overall it's difficult for me to discriminate, since I have little to no reference to compare and no experience. + +&#x200B; + +Thank you ! +If I sell something after hours, does it execute after hours or next morning when the market opens again? And if it’s after hours, does it only execute if there’s a buyer also trading after hours? +At current price its a high 4% yielder, but price keeps on dropping. We know they are in a pinch, but surely they will get through. When are you buying? +My family is from Asia, and to them, whole life insurance is how they see investing. I'm currently paying $9,000 USD a year to fund these whole life insurances, but I want to put money into my Roth, HSA, and 401k. + +I'm trying to cancel these insurances, but my family is extremely upset and want me to transfer the ownership of the four life insurances to them. They gave me binders with papers to sign, and I don't know what to do. + +I want nothing to do with these life insurances. Should I sign to transfer, or would it be better if my name wasn't anywhere near these life insurances? Any help/advice would be appreciated. +Over the years I've compared 1 year T Bills to CDs occasionally, and T-Bills always paid way less. What is going on? Seems a no brainer in that I can just buy them from my Vanguard brokerage account and not have to deal with overnighting paperwork around the country to get the highest rates. +If you didn’t get a chance to be apart of the launch it’s not too late. Supermoon is still projecting huge gains over the next week as the initial marketing push continues to be rolled out. The devs are working hard to ensure we make history with our launch,and there is a few more seats left on the rocket ship, just bring your own spacesuit. + +So far the devs have under promised and over delivered from celebrity endorsements to transparent voice chats where lots of folks are able to ask questions and have them answered promptly. + +This week SuperMoon plans to roll out more influencer marketing and are even looking at physical advertising space in New York City. In under 48 hours we’ve already managed to achieve an 8m market cap, 5200 holders and a very lively and active community which is monitored by admins and mods around the world 24/7. + +The moon is yours. + + +🌙 10% tokenimics, 5% reflection combined with burn and AMM + +🌙 50% burned at launch + +🌙 CMC and GC applied with all requirements met + +🌙 NFT minting and market place + +🌙 SuperMoon trading card game in q3 + +White paper: https://supermoonfinance.s3-eu-west-1.amazonaws.com/WHITEPAPER.pdf + +Telegram: https://t.me/Supermoon_Finance + +Website: Supermoon.finance + +TechRate audit : https://supermoon.finance/wp-content/uploads/2021/05/Supermoon-Finance.pdf +What are your thoughts about owning franchise businesses in India as passive income source. +Eg- drinks kiosk in malls. Or kids activity center. +Let staff run it and you just oversee the operations may be 2-3 hours a day. Do you think its feasible or does it require more time from the owner. TiA! +Hi, + +I have been looking at Nestle India stocks as a long term investment. As a premium stock and zero debt stock, it looks as good investment and I’m thinking of investing using Dollar cost averaging. But a lot of are saying that Nestle overpriced and overvalued? + +What is the right way to evaluate and invest in nestle? P/E ratio is higher compared to the industry’s average P/E ratio. Any thoughts and analysis will be much appreciated. Thanks! +Those that are in the process or have FatFIRE’d, what is your advice to spending/enjoying money along the path to FatFIRE? + +For the last decade, my wife and I have been super savers - and have built up 75% of our FatFIRE goals. I can’t help but feel every “luxury” purchase would be taking away from the end goal; but then I also acknowledge the danger in chasing a pot of gold at the end of the rainbow and not enjoying the process. Milestone purchases and enjoying some meaningful spend (to the individual) I have seen motivate some people to push harder. I struggle with feeling good with spending because I have not yet hit my “number” ; At the same time, it’d certainly be nice to spend on some fun purchases here and there. +As Joe Rogan says, what’s the point of having F you money, if you don’t say F you once in a while? + +Anyone else deal with this spending guilt and have found a good balance or advice around save vs enjoy? + +(Not looking for permission to spend; I’m wondering if some of you have encountered this dilemma as you move through the different stages towards FatFIRE) +I’m really concerned that even if I buy high-quality, large cap stocks I can be stuck for decades with stock prices that can’t even keep up with inflation. At the same time I ask myself where rich investors will park their money since stock markets have historically delivered the best results in the long run? Can you guys help me with that? +Keep it friendly and civil; this is not WSB and automod will censor your posts at will for unsavory and unfriendly remarks. Try to keep shit posting and bragging to a minimum. +\*\*\*\*\*\* Massive pump underway \*\*\*\*\*\* + +&#x200B; + +My bull case for bitcoin: + +Current New BTC "minted" = 1800 BTC/day + +Net USD inflows to BTC to maintain price @ $4700/btc = 1800 \* 4700 = \~$8.5 million USD per day + +Total USD inflows required to maintain price @ $4700 for the next 417 days until the halvening = $3.5 billion USD total + +&#x200B; + +At next "supply halvening", BTC minted falls 50%: + +New BTC "minted" after May 20th 2020 = 900 /day + +&#x200B; + +Therefore if there is just $3.5 billion new investment in the next 417 days, price will be maintained at the current level until the halvening, at which time the huge supply shock will send the price shooting up at the same inflows. For comparison's sake, $5.5 billion of Lyft stock traded in the first DAY of their listing. + +&#x200B; + +2020 is also election year, and a lot of the democratic nominees support some degree of Modern Monetary Theory. We Bitcoiners fully support MMT in USA as it will accelerate the destruction of the dollar and existing financial infrastructure. +I'm sure many of you have had your doubts about u/Criand being just a Pomeranian God of DD but u/jafrican05 and I have put the final piece of the puzzle together to confirm that he is also....... + + +C/rian/d = Cohen/Rian(Ryan)/Detective + + + +Flip that shit around and what do you get?!? + + + +.....Detective Ryan Cohen ! + + + +Simulation confirmed +Hold strong apes. We're going to the fucking moooonnnn + + +💎🙌🦍🌙 +Hello apes, few days ago I’ve posted a screenshot of my DRS through IBKR to CS. Since the very first minutes the post was up a lot of Italian apes have reached to me via pm asking for help with the DRS process. So I’ve decided to help them and this post goes full Italian from now on. + +Allora gorilla italiani, scrivo questo post con la speranza di raggiungere e aiutare quanti più hodlers italiani possibili. Dato che dopo il mio post dell’altro ho notato che in tanti hanno ancora dubbi e le idee non ancora chiare sul DRS e Computershare. + +Elencherò passo per passo tutto il necessario per compiere il trasferimento a CS: + +1. **Creare un account ibkr** (interactive broker). Attualmente è l’unico broker in italia che ci permette di usare il servizio di DRS. Ho contattato personalmente etoro e degiro, poiché sono broker che uso, ma purtroppo loro non offrono questo servizio. Quello che vi consiglio è di assolutamente non vendere le vostre azioni che avete in altri broker. Piuttosto contattate i broker e chiedete la procedura per il trasferimento a ibkr o comprate nuove azioni direttamente su ibkr. +2. Se comprerete azioni direttamente da ibkr dovrete convertire i vostri Euro in Dollari. Potrete fare questo cliccando sulla sezione **Trading** e poi nel menù a tendina che si aprirà cliccando su **Conversione valute**. (mi raccomando non convertite la cifra intera che avete sul conto perchè ibkr prenderà una piccola commissione in euro per eseguire la conversione) +3. Bene ora che avrete le vostre azioni nel vostro conto cliccate sulla piccola **icona** a forma di persona in alto a destra e cliccate su **Centro messaggi sicuro** o **Secure message** se usate il sito in inglese. +4. Quando si sarà aperta la nuova schermata cliccate su **Componi** o **Compose**. E subito dopo nel menù a tendina **Nuovo ticket** o **New ticket**. +5. Scorrete la lista che si aprirà e cliccate **Funds & Banking**. E subito dopo cliccate **Position Transfers**. +6. A questo punto vi si aprirà il modulo per la richiesta di trasferimento. E dovrete inserire questo compilando gli spazi vuoti con le vostre informazioni: + +Subject Line - 'Outbound Request - DRS Transfer to ComputerShare' + +Body - "Please proceed with an Outbound DRS Transfer based on the following information. Please note I agree with the associated fees for this transfer” + +**Account Information** + +Name: \[VOSTRO NOME E COGNOME\]IBKR Account: \[ IBKR ACCOUNT\] Il numero del vostro account comincia con una U.....Contact Details: \[NUMERO DI TELEFONO E EMAIL\] + +**Transfer Information** + +Company Name: GameStop CorpCUSIP: 36467W109Ticker: GME Number of Shares: \[NUMERO DI AZIONI CHE VOLETE TRASFERIRE\] + +**Receiving Firm's details** + +Name: ComputerShareDTC Number: 7807Address: P.O BOX 505005, Louisville / KY 40233-5005For the benefits of: + +Name: \[VOSTRO NOME E COGNOME\] + +Address: \[VOSTRO INDIRIZZO,CAP,PAESE ECC\] + +Regards,Ape + +Una volta compilato il modulo potrete inviare e la vostra richiesta verrà presa in carico da ibkr. Non so dirvi quanto ci metteranno per avviare il trasferimento a CS, nel mio caso ci è voluta più o meno una settimana. Ricordatevi di avere 5$ liberi sul conto, perché è la commissione che si prenderà ibkr per il trasferimento. + +Una volta che il vostro account Computershare verrà creato, dopo il trasferimento, vi invieranno per posta le credenziali per accedere al vostro account. Generalmente la lettera impiega 2-3 settimane ad arrivare, ma ho letto qui su Superstonk che si può richiedere una lettera espressa con un supplemento però di 45$. Ho contattato CS al riguardo per capire come fare e vi terrò aggiornati quando avrò notizie. + +**Piccola informazione finanziaria**: in Italia i guadagni dal trading sono tassati al 26% che dovrete poi dichiarare e pagare questa percentuale di tasse nella dichiarazione dei redditi dell’anno successivo. + +**come al solito tutto questo non è financial advice e vi invito a fare le vostre ricerche** + +Spero di essere stato utile a quante più apes possibili, se avete domande o per qualsiasi cosa risponderò sia nei commenti che in pm. SEE YOU ON THE MOON BEAUTIFUL APES 🚀🦍🌕🦍🚀🌕 + +Edit: Come avrete già letto da altri post IBKR ha ora incluso una nuova funzione per facilitare il DRS. + +Una volta che sarete entrati nel vostro profilo dovrete: + +1.Cliccare su "Trasferimenti e pagamenti" + +2.Subito dopo "Trasferimento posizioni" + +3.Vi si aprirà una schermata con varie opzioni, cliccate in alto "In uscita" + +4.Subito dopo cliccate "DRS" + +5.Nella nuova schermata che vi si aprirà dovrete solo selezionare il numero di azioni da trasferire e cliccare "Avanti". Nella prima riga non dovrete scrivere nulla, oppure se già l'avete li inserite il numero del vostro conto Computershare. + +Seguendo questo nuovo metodo sarà tutto più rapido e non dovrete mandare la richiesta scritta. +Shills are spreading FUD about a fake SNEEZE because of JPM, bur that is not their end goal, so stop with that nonsense. + +The real reason JPM and CORPORATE MEDIA not MSM announced a potential short squeeze is to prevent people from DRSing their shares. With GameStop's OFFICIAL quarterly announcements of the DRS share count, SHF are shitting bricks right now like never before. They know that once the float is locked 🔒 that the GAME will STOP. This is their last ditch effort to stop that which is inevitable...the true MOASS. + +Many people will not DRS their shares because of their announcements in fear of missing out on a SNEEZE, but as I've been saying for months, MOASS will only happen if retail ignites the rocket via DRS. + +NO ONE other than retail wants MOASS to happen...and with GameStop telling us as directly as legally possible to DRS, there should be NO DOUBT in your mind that DRS is the way. RC even tweeted a poop 💩 emoji which can be seen as saying JPM is full of shit, which they are. + +Remember that this is a ONE TIME IN EVER event. It WILL NOT HAPPEN EVER AGAIN....and every day that goes by without people DRSing their shares, is another day of fuckery you allow the SHF. + +If you are a real ape, then you've already DRS'd. If you haven't, then you're not an ape and you're just aiding the SHF. Be on the right side of history. + +DRS YOUR SHARES + +WE'RE HERE FOR THAT FUCK YOU 💰🤑 + +$69,420,741.69 is not a meme +So, there are all these predictions that BTC is going to hit 100k by the end of 2022. Is there a similar graph which predicts of Ether in the next few years? +I’m 20 years old and make around 20,000 a year ($14 an hour). I have 7,000 saved up right now. Should I really be trying to invest now when I only make so little? I wanted to invest 6,000 into my Roth IRA and also play around in the stock market by buying low and selling high. Can someone with experience give me some detailed insight? Feel free to ask questions because I really want to know!! +I’m 20 years old and make around 20,000 a year ($14 an hour). I have 7,000 saved up right now. Should I really be trying to invest now when I only make so little? I wanted to invest 6,000 into my Roth IRA and also play around in the stock market by buying low and selling high. Can someone with experience give me some detailed insight? Feel free to ask questions because I really want to know!! +I am trying to learn and thing or two on how to do my own due diligence. + +I noticed something odd while looking at the financials for UWMC. + +Looking at the Revenue vs Net Income chart, a 1.45B net income is shown for Q32020. + +https://www.google.com/finance/quote/UWMC:NYSE + +That is insane for a 16B market cap company that also pays a 4% dividend. + +So then checking the financial statement + +https://finance.yahoo.com/quote/UWMC/financials + +I see no such thing! + +What is going on? I just wanted to see where all this net income came from. + +Can someone explain this to me so my brain can grow a wrinkle? +Any hint of CPI going down seems to cause a strong upward movement of stocks. Layoffs are happening but we still have strong employment numbers. It seems like Ukraine is having massive wins which brings us closer to the end. China's 0-tolerance COVID policy seems to be easing. There's a really strong case for the bulls right now. + +I guess my question is: does the fed consider see stocks ripping up on lowering CPI as a bad sign? Does the fed need to see lowering CPI AND no huge moves upward on those CPI announcements before they can pivot? Or are they truly not concerned with the direction of markets? + +EDIT: for example, I hear the term capitulation a lot. It seems like we've not capitulated because of these incredible rallies, meaning we're not out of the woods. +I do most of my investing on Questrade using ETFs. + +If I put my money in foreign markets with instruments such as XEF and XEC will that shelter me from a falling CAD and USD? + +What about using gold or silver to hedge? I don’t want to own bullion - I’m looking at mining companies (XGD) and/or bullion holding ETFs such as SVR and CGL. SVG and CGL are offered both CAD hedged and unhedged. Which do I want if I expect both the CAD and USD to fall? +Dividend investing is very popular in Canada - for some good reasons and some not so good reasons. Overall, my argument is that Dividend investing has some psychological advantages and perhaps some DIY advantages, but it also has quite a few disadvantages too. + +**1. There are no return advantages and only very minor advantages to having more shares.** + +- In an efficient market (which it is not, but over the long term it is reasonably efficient), and two perfectly equal companies in earnings, profitability, etc., a non-dividend paying company and a dividend paying company would earn the exact same return over the long-term (this assumes the return is ultimately (long-term) based on reality of the company - which is distorted in the short-term) + +- Over time, because of dividends, you would end up in a situation where you would own more shares in the dividend company, however, if they are equal companies, then you might have 10 shares of the divided company worth $7, but then you should have 7 shares of $10 for the non-divided company (this would be true for averages rather than at any one point in time) + +- having more shares means you have slightly better control over rebalancing and liquidity, as you can sell in smaller units (very minor advantage) + +- DRIPing a dividend stock essentially returns its value to what that same company would have if it didn't pay dividends + +- this all assumes neither company is returning investment through other means (ie/ buying back shares) + +- there is a lot of research that demonstrates that this theory of stock pricing is very real and actual, however, there is more to the story + +**2. Filtering by Dividend paying versus non-Dividend paying shouldn't give you better returns (disadvantage) but in practice it often give "good" returns than a random sub-set of stocks (advantage)** + +- in theory, restricting your stock picking to just dividend stocks means that you have a lower chance of beating the market because you are searching for the needle of performing stocks from a smaller subset of the market; this has been likened to restricting your stock picking to companies that start with the letter A, it makes things harder + +- that being said, Dividend paying stocks, in particular Aristocrats (consistent payments that increase over time) have a higher probability of having other factors that mean they might give a better return than other stocks (ie/ value, profitability, good fundamentals, etc.) + +- so, in practice, randomly picking an Aristocrat has a lower standard deviation (range of outcomes) and will likely be a positive outcome (though not more likely to be a market beating outcome) than a random stock from the whole market + +- in this sense, dividend stock research is choosing stocks from a "safer" subset of the stock universe, and also a generally less volatile subset of stocks, which is an advantage in that it is easier to find okay to good stocks + +- on the other hand, it is also a subset that is not likely to have more market beating stocks and perhaps may actually have less market beating stocks (depending on market conditions) - over the long run, dividend stocks will not have more market beating stocks, and being a sub-set of the market, would have less market beating stocks than the market as a whole + +- since dividend stocks tend to be middling in returns (not losers, but also not beating the market), your best expected outcome seems to be matching the market return, but with the added risk of stock picking (disadvantage); an index or total market ETF would reduce the stock picking risk for the same return + +- stock picking strategies (wether by DIY investors or professional investors) statistically, over the long-term, rarely beat a broad-based index total market ETF, so choosing dividend stocks will always add the "stock picking risk" without any expected extra returns (which means "you" still might beat the ETFs, but taken as a whole, "we" won't) + + + +**3. Psychologically, Dividend stocks have advantages** + +- Thinking of your stock value as "principle" and the dividends as "payments" or "interest" makes it much easier to use a long-term investing strategy (which on average is much better than short-term), it makes it easier to not panic sell, and easier to rebalance your allocations without selling + +- Knowing when to sell, and having the confidence to sell, a stock is one of the most psychologically difficult tasks due to greed and fear; being forced to divest some of the returns of your stock position each quarter (or month) makes this easier and a DRIP means you can still compound your returns and stay fully invested with the option to withdraw or reallocate - not selling as often takes the psychological fear and greed out of the withdrawing returns equation somewhat + +- Being forced to withdraw some returns through dividends has disadvantages in that you may be taxed at an unfavourable time (taxes will be explored later) and may not fully DRIP causing more complexity to stay fully invested (minor disadvantage) + +- Not having to sell to gain some liquidity in a bear market because of dividends has psychological advantages, but in theory, no long-term returns advantages (the higher prices of the equivalent non-divided stock means selling some would reduce the price to the same level as the post-dividend stock price over the long-term averages between selling in bull and bear markets) + +- dividend stocks tend to be low volatility, making it easier to track the highs and lows as they tend to stay in clearer bands and move slower, requiring less checking and watching + +- dividend stocks tend to be large cap, established, mature companies, which are reassuring, easier to understand in terms of valuations and their relationship to price, and easier to research and trust and "believe" in + +- dividend stocks tend to be clustered in certain sectors making diversification across all sectors a little harder (minor disadvantage) + +- if your research/DD skills are middling to poor, screening by dividends makes price valuations easier as the companies will be similar to each other and work in analogous ways (ie/ evaluating a good price for RY is much easier than evaluating a good price for TSLA or some other growth stock). (sort of an advantage, but also adds much more risk than buying an index ETF as you are choosing winners from a much smaller subset that may have no winners in it) + +**4. Tax implications: advantages and disadvantages** + +- A focus on divided stocks from outside of Canada often means some sort of extra tax (ie/ withholding tax) that can sometimes be recovered but can also add complexity in account allocation and paperwork + +- A focus on Canadian dividends means a reduced tax on the overall returns from a stock due to preferable tax treatment. + +- Being forced to take your returns as dividends means you pay more tax now, but less tax overall: A stock has a value of $100 when you buy, and it then grows to $110, your capital gains is 10%. If you receive $10 in dividends, you pay tax on the whole $10 (at a reduced rate); if you sell $10 worth instead, you pay capital gains on $1 (10% of the amount you sell) which is less taxes paid now, sometimes. Eventually, those capital gains taxes will add up to more, but at the current point in time you pay less taxes (minor disadvantage, with a relative overall advantage assuming it is not in a TFSA or RRSP and highly dependent on your tax situation). + +- restricting your picking stocks to those that give a minor tax advantages rather than those that are expected to beat the market means you have a lower chance of beating the market as you are picking from a smaller subset so there are less outcomes where your subset of a subset beats the market than someone choosing a subset from the whole market (ie/ gain a small amount in tax efficiency but with higher risk with no expectations of higher returns on that higher risk beyond reduced tax overhead) + + +**Conclusion** + +- Dividend paying stocks (particularly Aristocrats) are easier to evaluate and price, generally have lower volatility (and may have a higher probability of having another risk factor that generates expected returns: profitability, value, etc.), are psychologically easier to hold long-term and through bear markets and don't require making selling decisions as often, and can (in some accounts and situations) have positive tax implications (not in TFSA or RRSP). + +- Dividend paying stocks (particularly if they are your overall investing strategy to the general exclusion of non-dividend paying stocks) add risk that doesn't generate expected higher returns, being only a subset of the market making the probability of finding the best stocks lower, tend to be middling in terms of returns (less often negative returns, but also less often market beating returns compared to a random stock from the total market = low-volatility), may have sector or geographic diversification problems, and are generally more risky than a total market fund without any expected upside in returns beyond saving the MER. + +**please note** - examples of where your dividend stock picks beat the market, particularly over this last year or over a small period of time, is not proof that a dividend stock picking strategy beats the market, on average, over long-term investing, reliably (more than 50% of the time); examples where you made "comfortable" returns - but they were under the market return - are fine for you, but irresponsible if advocated for others or recommended to others when they would make more using a broad market ETF + +Finally, I am not recommending any strategy in the information above, just trying to as objectively as possible lay out the advantages and disadvantages of divided stocks so that investors can discuss and make informed decisions. Of course, do what you want and feel comfortable with. +I see a lot of posters on here, social media, friends and family, saying the same stuff (especially new "investors"). "This market is bs!". + +Many people are pissed, because according to them, the market is reacting correctly. + +These people think because when there's a global pandemic, the market has to plummet, and you just buy everything at a discount and get rich, right? Shocker... 99% of investors are thinking the same thing. + +All I can say is, when there is a true bottom and fear, buying won't be easy at all (unless you and your family are already rich with job security and healthy). Once most people burn through their savings; have to make decisions like which bill to pay first, should I keep on investing and take on debt, or pay my debts first?.... Once those kind of scary decisions arise and most people lose their faith in the market is when we will be in true bottom territory. + +Just a little rant because people think it's as easy as just being an opportunist. It's not. Because once the opportunity finally comes, you probably won't have the resources to make the moves. + +&#x200B; + +EDIT 1: + +Looks like I offended a lot of people, which was not my intention. I am not trying to predict the bottom at all. I know I don't know. + +All I was saying was is, when this "bottom" happens, it will be at a point where most people are scared. Whether it be because they are in debt or because they have lost faith in the market. It's not going to be as easy "this is cheap, buy now, I will get returns a few years from now". There's a lot of new investors thinking it's that easy. + +Risks aren't easy. Those 10% drops we saw several weeks ago was child's play. You'll know what I mean if/when it happens. When you are legit scared to put money in because you lost faith in the market and economy. + +I'm an Average Joe. I'm continuing do DCAing and buying at my usual rate. + +&#x200B; + +EDIT 2: + +I guess I offended people with this as well: + +"unless you and your family are already rich with job security and healthy" + +That definitely came out wrong. I didn't mean that to rich shame. + +I still believe in America. And there will still be opportunities. But once again, I think the idea of just buying at this bottom is easier said than done, especially for people who aren't already wealthy or financially stable. And for those that do have the ballz to buy big in a fearful market, I think 9 out of 10 (and that's being VERY generous), will get burnt trying to make it during these hard times. But that's another topic. + +Good luck to everybody. Invest smart. +Feels like all negative news is out, I’m still holding because I want shares of the spin-off, even holding T with dividend slashed to 4% and higher seems like a relatively safe bet to start buying. +Have been negative on T and hopefully this time management can get their shit together and execute. +Thank you everybody for your help this afternoon now I would like to try and figure out what kind of dividend I may receive I'm sure it's not much but this is a start +I feel like this country is only for rich people. I would rather live in a country that is more fair, provides universal healthcare and has a living wage. +Thought I would have a quick run through of the mid February 13F's to see who has the big positions against GME. Here is the list if anyone is interested, it covers everyone with positions over $30m. I know the majority of this has already been quantified elsewhere, but wanted to make sure (as don't like to trust information unless I see it myself). As always, this is not financial advice. + +&#x200B; + +>It is said that if you **know your enemies** and **know** yourself, you will not be imperiled in a hundred battles; if you do not **know your enemies** but do **know** yourself, you will win one and lose one; if you do not **know your enemies** nor yourself, you will be imperiled in every single battle. + +&#x200B; + +This then lead me down the path of looking who holds big positions against EX R TEHE and some of the other ETFs that hold massive positions in GME. Surprise, it's all the same people, guess if I went down the rabbit hole of all the ETF's that hold GME it would be the same story. Thing is, even in massive ETF's like the iShares Core S&P Small-Cap ETF, some of these guys have very big positions against. + +Biggest surprise to me was to see UBS and Citigroup in there. These guys definitely fit into the too big to fail category. + +If you need any reason why the entire market shakes when GME goes up, just look at the market value of all positions of these organisations. What you have got remember, is that when some of these organisations unwind their positions, the ALGOS follow and it has an amplification effect. Billions of dollars of positions being unwound can amplify into the tens of Billions very easily due to HFT trying to get an edge. + +You also need to remember that these positions are most likely way under what is actually there, mostly down to the fines for mis reporting being pitiful. + +If you can't be bothered to look at the information below, the big bosses are Melvin, Citadel and Susquehanna (SIG). I would even go as far as to say that Susquehanna (SIG) might be the final boss. Guess what? Susquehanna also has a market making arm called G1 EXECUTION SERVICES, dirty fingers across the same pies as shitadel. + +Edit: Guess who also owns 4,225,900 of puts totalling $85,448,000 and 4,196,299 of calls totalling $84,849,000 in RKT, you are right Susquehanna. Big thanks to the u/[Dadri88](https://www.reddit.com/user/Dadri88/) below for this. Guess who else also has a big position in RKT, yep, just your friendly neighbourhood Citadel. $59,770,000 in calls and $37,189,000 in puts. If I had a really big hedge fund, maybe I would put puts and calls on a company, push a narrative on social media and then benefit either way off of the volatility. Not in any way saying that this is what these guys are doing...... + +Let me share with you this line from wikipedia about Susquehanna, + +&#x200B; + +>Poker and other games are an important part of the SIG company culture. The founders and senior traders believe that poker teaches lessons on decision making under conditions of uncertainty. SIG hosts an internal poker tournament annually and has even used poker as a recruiting tool. The company employs Bill Chen, a World Series of Poker star, in its quantitative trading group + +&#x200B; + +The idiots on TV might say we are turning the market into a casino, however we as shareholders are up against a company that has bluffing as a core part of its trading strategy and company culture. Anyway, here is the list, + +# MELVIN CAPITAL MANAGEMENT LP + +**Total GME Position (PUTS):** 6,000,000 + +**Position Value (PUTS):** $113 Million + +**Market Value of all positions**: $22.64 Billion + +# SUSQUEHANNA INTERNATIONAL GROUP, LLP + +**Total GME Position (PUTS):** 4,882,600 + +**GME Position Value (PUTS):** $91.9 Million + +**Total EX R TEHE Position (PUTS):** 1,176,000 + +**EX R TEHE Position Value (PUTS):** $75.64 Million + +**Total IJR Position (PUTS):** 392,900 + +**IJR Position Value (PUTS):** $36.11 Million + +**Total IWM Position (PUTS):** 33,052,600 + +**IWM Position Value (PUTS):** $6.48 Billion (No shit, this is a big one) + +**Market Value of all positions**: $612.15 Billion + +# UBS Group AG + +**Tota GME Position (PUTS):** 3,815,800 + +**GME Position Value (PUTS):** $71.89 Million + +**Total EX R TEHE Position (PUTS):** 700,000 + +**EX R TEHE** **Position Value (PUTS):** $45.02 Million + +**Market Value of all positions**: $295.785 Billion + +# GROUP ONE TRADING, L.P. + +**Total GME Position (PUTS):** 3,657,300 + +**GME Position Value (PUTS):** $68.90 Million + +**Market Value of all positions**: $57.81 Billion + +# CITADEL ADVISORS LLC + +**Total GME Position (PUTS):** 2,224,500 + +**GME Position Value (PUTS):** $41.91 Million + +**TotalEX R TEHE Position (PUTS):** 1,441,600 + +**EX R TEHE** **Position Value (PUTS):** $92.72 Million + +**Total VTI Position (PUTS):** 79,000 + +**VTI Position Value (PUTS):** $15.38 Million + +**Market Value of all positions**: $384.6 Billion + +# CITIGROUP INC + +**Total GME Position (PUTS):** 1,715,200 + +**GME Position Value (PUTS):** $32.31 Million + +**Total EX R TEHE** **Position (PUTS):** 384,900 + +**EX R TEHE** **Position Value (PUTS):** $24.76 Million + +**Market Value of all positions**: $169.392 Billion + +# WOLVERINE TRADING, LLC + +**Total GME Position (PUTS):** 1,642,200 + +**GME Position Value (PUTS):** $31.62 Million + +**Total EX R TEHE Position (PUTS):** 173,700 + +**EX R TEHE Position Value (PUTS):** $11.28 Million + +**Market Value of all positions**: $64.05 Billion + +# MAPLELANE CAPITAL, LLC + +**Total GME Position (PUTS):** 1,600,000 + +**GME Position Value (PUTS):** $30.14 Million + +**Total IWM Position (PUTS):** 880,000 + +**IWM Position Value (PUTS):** $172.5 Million + +**Market Value of all positions**: $7.36 Billion + +\------------------------------------------------------- + +edit: messed up the title due to copy and pasting, as automod hates a certain ticker. + +edi2: watch uncle bruce talk about GME all the way through the trading day, bloody love this guy - [https://www.youtube.com/watch?v=jNAx2H9lO6Y](https://www.youtube.com/watch?v=jNAx2H9lO6Y) + +edit3: Just as a heads up as it has come up in the comments, as some people have misconstrued this as the filings are for everything before February. These filings are from mid February for the last quarter of 2020. Yes their positions can and probably have changed in the last 2 months. However it is all we have. +Okay fellow apes. + +Hurricane Ida is mere hours away from hitting the coast of Louisiana. It surprisingly strengthened as it neared landfall and is now a 155 mph Cat 4 hurricane, 1 mph short of a Cat 5, recognized by the governor as the "strongest storm" since 1850, even worse than Katrina. It went from a tropical depression on Aug 24th to a whole hog cat 5 hurricane this morning. Most people didn't have any time to wrap their brains around how quick this happened, if you're in New Orleans please gtfo asap. + +Possible Trades : + +1- A bunch of offshore drilling takes place in the gulf and with a storm this destructive, production will take a hit. Companies already cut 60-90% of production and shut down offshore facilities in the gulf. oil futures are already up. You can leverage this by buying calls on SPDR S&P Oil & Gas Exploration & Production ETF $XOP or playing the levered oil ETF $GUSH. + +2- People run out to buy a whole lotta stuff from generators to plywood, sandbags, batteries, flashlights etc. You can leverage this by buying calls on Home Depot $HD, Lowe's $LOW and Generac Holdings $GNRC which sells generators. All three popped after hurricane irma and harvey in the past. + +3- People tend to need to rent a whole lot of stuff during and after big storms like this, from cars, to equipment and machinery. You can leverage this by buying calls on the AVIS Budget group $CAR and United Rentals $URI which rents out all sorts of equipment and gets a boost from every hurricane season as well. These popped after major hurricanes hit last 3-4 hurricane seasons. + +Best potential moves : + +1- Oil seems like it's going to be the biggest play, as \~40% of all oil production and refining takes place in and around the gulf. \~92-88% of oil and gas production in the gulf of Mexico is already shut down as of yesterday and storm damage will inevitably limit future production which means a spike in oil prices. I'll be looking for a good entry to $XOP and potentially open call spreads 2-3 weeks out and cash out at a spike in oil prices any day within that timeframe. If you can trade futures options, might be a good idea to buy calls on crude oil and oil products. + +2- $URI and $GNRC could see a sizable swing in the weeks following the storm, they nearly always do after big storms, so keep your eyes peeled on those. These could be good for a monthly call or call-spread position. + +NOTE: Spambot kept deleting my post for "spam domains" even though they were all legit local news sources, so I removed all links. + +**EDIT**: If this is your first time trading or you're a beginner trader for the love of Harambe please DO NOT put your whole fucking life savings into one trade. Manage your risk. + +**EDIT2**: For fuck's sake all of you retarded youtubers, don't listen to a shit throwing ape like me. I'm seeing a bunch of youtube videos popping up the last few hours about "the hurricane trade" and they all highlight these same plays. + + +***Not financial advice, manage your risk***\*\*\*, make bank.\*\*\* + +And apes! If you make bank off these plays, **donate** to the hurricane relief efforts! If you don't make bank, still donate! + +Ape king out. + +# UPDATE 10/25/2021 + +For those that took the oil play, congrats. The options went up 1000%+ since this post. + +&#x200B; +If I cash out then I’ll get hit hard with taxes. I’m really banking on staking and just living off of staking rewards for the rest of my life... thoughts? +I've been reading through some of the submissions to the Government inquiry into housing affordability. + +[https://www.aph.gov.au/Parliamentary\_Business/Committees/House/Tax\_and\_Revenue/Housingaffordability/Submissions](https://www.aph.gov.au/Parliamentary_Business/Committees/House/Tax_and_Revenue/Housingaffordability/Submissions) + +One of those submissions is from Dr Cameron Murray, Research Fellow at the University of Sydney. + +He did some analysis on the impact of interest rates on median house price, and predicts that if interest rates were at 1981 levels, the median **Australian house price today would be $325,000**. **A reduction of 57% from today's median price ($757,000).** + +If interest rates are the biggest determinate of house prices, and we are at historic low interest rates, i'd be interested to see if Property is truly going to replicate the returns of the past. + +Unless of course we get negative interest rates. + +**Edit: here is a chart from the paper showing house prices with no interest rate change vs impact of interest rate changes** + +https://preview.redd.it/rshs29bullm71.jpg?width=608&format=pjpg&auto=webp&s=85e2e7996919084d1e34ebbfad08bb4aa67dd690 +I know this goes against the feeling in your bones that the dips must be bought. I'm begging please for the love of everything don't buy the dip. The economic signs are looking atrocious. + +1. The Fed is still fighting half-century high inflation. Last month saw a slight decline in yearly inflation and this decline was largely due to a decrease in energy/oil prices. Even with this decline I must remind the bulls that prices are **still** **increasing** at over 8% yearly. The core monthly CPI actually **increased** 0.3%. +2. Russia has severely reduced and outright halted gas flows to many European countries, who are seeing a massive increase in their electricity bills to the point of grid overloads, energy rationing and blackouts. In the UK, it is estimated that individuals see an increase in their bills from around 1300 pounds in 2021 to 4200 pounds in 2022. The energy bill is projected to cost twice an individual's monthly salary in 2023(per Trades Union Congress, UK). And Boris Johnson lacks any incentive or will to do anything about the issue, so this will remain unresolved for the moment. Per Bloomberg, Poland faces a 180% energy spike. Germany power prices have almost tripled this year. Per Enerdata, Italy's prices have closed to doubled. And the list goes on. All this mind you, with just a few months to prepare before winter. **ALOT** of European money will exit the markets. +3. We can look at the jobs numbers. 528,000 jobs were added to the economy. and the unemployment rate edged down to 3.5 percent, a historic low for the past half-century. About 170,000 jobs were added according to the household survey. Interestingly, we actually lost about 71,000 full-time workers and added around 380,000 part-time jobs. The amount of **multiple job holders** increased by 92,000. Why would people suddenly need to work multiple jobs? Things are looking rough.I also mentioned we are at a historic low for unemployment. That may sound good, but take a look at the graph below. Every single time unemployment hit historic lows the economy went into a recession. (Recessions are highlighted in grey). + +&#x200B; + +![img](hru66bryawi91 " +") + +4. Consumer Personal Savings is taking and absolute swan dive meaning everyone will be . strapped for cash. The University of Michigan survey expected real income to absolutely . plummet. The amount of credit card debt from May to June has shot up by 60% continuing its . upward trend and increased. And the dollar price is going to the moon so there's less money in . the economy. + +&#x200B; + +[Personal Savings Data](https://preview.redd.it/judrzcuddwi91.png?width=430&format=png&auto=webp&s=12ef498eb4c491a8d94f8d6ec1c3b91cf35d46e1) + +[University of Michigan Consumer Survey](https://preview.redd.it/gm9e0h87dwi91.png?width=520&format=png&auto=webp&s=eaf0a3a2f18379587f3955ecc7a23476ef522135) + +&#x200B; + +https://preview.redd.it/yu524fdvdwi91.png?width=143&format=png&auto=webp&s=0580d9b106262d2f2c77ab398e39f589f12307f9 + +[USD Price\(Trade-Weighted\)](https://preview.redd.it/t2crfq9gdwi91.png?width=520&format=png&auto=webp&s=df55d5fc6b48059eb29fc901999ed1178067ccfc) + +Folks be careful out there. Many have already lost enough from the many we-know-who collapses. Don't take any risk you don't have to. + +My substack article here:[https://sierre.substack.com/p/do-not-buy-the-dip?sd=pf](https://sierre.substack.com/p/do-not-buy-the-dip?sd=pf) +https://www.theglobeandmail.com/business/article-dollarama-ceo-admits-mistakes-during-pandemic-but-sees-companys-long/ + +Dollarama Inc. built a cross-Canada empire with a strategy of lean operations and value-for-money retailing. Now with a health pandemic ripping away sales, it’s opening its purse strings at the expense of profit. + +Nearly 30 years after CEO Neil Rossy’s father founded Dollarama with one store in Matane, Que., the fourth-generation retailer finds himself in an unfamiliar predicament. For the first time anyone can remember, Dollarama’s traditional corporate instincts have been upended. + +“We’re doing everything we can to hurt our sales, to be quite honest,” Mr. Rossy said in an exclusive interview this month at Dollarama’s Montreal headquarters. “It’s a decision that we accepted to take, and have taken to the best of our abilities, because we accepted to be an essential business.” + +After an initial sales surge as customers stocked up on goods ahead of social confinement measures, Dollarama’s revenue has declined about 10 per cent over the past five weeks compared with the same period last year, Mr. Rossy said. Stores in malls have been hardest hit, but the company has kept open all outlets that governments haven’t mandated shut. About 96 per cent of its 1,291 locations across Canada remain open. + +Inside shops, consumers have stopped buying discretionary goods such as artificial flowers and party supplies. And with shoppers forced into one-way aisles and under pressure to exit as fast as they can to make way for others, they don’t have enough time to discover new merchandise. That has undermined what analysts say has always been one of Dollarama’s strategic advantages: a clever product mix and seasonal displays that generate demand. + +In a frank and wide-ranging exchange, the CEO, who’s 50, spoke about the challenges his senior management team has faced during the crisis, such as keeping employees and customers safe while dealing with supply-chain issues. Mr. Rossy admits he’s made some mistakes so far, but he insists the company’s long-term business fundamentals remain intact. + +Across Canada, Dollarama’s distinctive green and yellow signs have become familiar fixtures. Spending more on staff and equipment to keep stores open is the right thing to do, Mr. Rossy says – a necessary sacrifice to make sure Canadians have what they need. The company has also kept prices in check, even for items that are most in demand, such as hand sanitizer and wipes. + +A core group of 70 employees at Dollarama’s head office, out of a normal total of about 300, are still coming in to work. That includes the boss, who says he’s been working more 10 hours a day for the past 39 days, a “new record, even for me.” At home, the avid gardener (he’s been known to tend to the vegetables at night with a lamp on his head) sleeps in a separate part of the house to protect his wife and four kids. He’s also the family’s designated shopper. + +The company’s crisis leadership team consists of seven top executives, but three of them work offsite and online to ensure business continuity if their colleagues become incapacitated. Meetings take place in a second-floor “war room,” with chairs spaced three metres apart. + +“The first decision the war room made was that our responsibility, as [a corporation] that the governments deemed an essential business, was that we needed to take care of our employees, we need to take care of our customers,” Mr. Rossy said. That meant creating operational protocols, continuing to sell goods at the same prices and not worrying about the bottom line, he said. Customers have thanked him for it. + +Like other retailers, Dollarama has put in place additional cleaning and disinfecting procedures in stores while rolling out physical distancing markers for shoppers and reducing opening hours. It has also increased employee hours per store, added a full-shift health and safety co-ordinator in each location and introduced a 10-per-cent pay hike for all front-line employees until at least July 1. + +Contingency plans have been refined for warehouse and distribution operations. Employees now pass through health checkpoints that include temperature monitoring before starting work. + +With more than 5,000 products sold in a typical store, Dollarama has marked up the price of just two over the past month, Mr. Rossy said. In both cases, Dollarama’s own costs went up by more than 25 per cent as domestic suppliers charged more, but he declined to name the products. + +What is my province or territory’s coronavirus lockdown like, and when will it be lifted? A guide + +What to buy if you’re worried about the coronavirus + +“Part of our role being an essential business is that we do what we can at this time to be helpful,” Mr. Rossy said. “We’ve been lucky enough to be a well-run profitable business. If a quarter or two or three are not as profitable as the past, or potentially not profitable at all, then it’s a small price to pay in the big picture." + +Dollarama has been extremely profitable in recent years as it continues to open stores in Canada. The company tallied net earnings of $564-million on revenue of $3.8-billion for its most recent fiscal year ended February 2, and increased fourth-quarter sales by 6.3 per cent compared with the same period a year earlier. + +The COVID-19 crisis has clouded the picture, however, and Dollarama says it will not issue financial guidance to markets for the coming year. In a conference call with analysts earlier this month, Mr. Rossy and finance chief Michael Ross disclosed more detail about the current crisis – confirming that sales momentum carried over into February, surged as people stocked up on supplies, but then started to level off. They said they expect same-store sales for April to decline, but provided no expectations for the full first quarter. + +It’s all-new territory for Mr. Rossy, who succeeded his father, Larry, as CEO in 2016, and has largely kept Dollarama growing while many other traditional retailers have been clobbered by online competition. The company is often lauded for its prowess in sourcing, which the CEO does himself with a small team. + +But the truth is that Dollarama gets its goods from many of the same suppliers as its rivals. The chain just seems to be able to do more with the things it buys than many competitors – knowing how to pick, shape and display its carefully culled array of items so that they’re appealing to consumers without being perfect. + +“Whatever we do, whether it’s a process or a product or whatever, we’re doing it as well as it needs to be done to get the most out of it where we’re all satisfied with it,” Mr. Rossy said. “But to take it that extra 10 or 20 per cent, there’s a huge cost to that. So being able to let go when it’s really at the right point – and not before, otherwise everyone will be disappointed – is an art. And that’s not so easy, that art. And I think we’re always trying to find that sweet spot.” + +The company also works hard at keeping out operational fat. It owns its warehouses, for example, and relentlessly pursues cost savings by designing some of its own products. + +“We’ve tried to beat that [fat] out of every piece of the business so that we have what we need,” Mr. Rossy said. “Until COVID-19, it was like a train going down the track. And now it’s more challenging because there is constant iterating. So it’s been fascinating, exhausting and very challenging. This is the first really big change for the world [in a long time] I’m sure, but for us too.” + +Dollarama has come under criticism from some employees who’ve told reporters the company took too long to introduce safety measures. There were reports of Dollarama staff creating checkout barriers out of cellophane wrap as they waited for the company to send plexiglass shields. + +Mr. Rossy said the company acted promptly to prepare protective equipment and put in place new processes, but admits it fell short in one key area: It used its own truck distribution system to get 6,000 specially designed plexiglass shields for its checkout counters to stores, which takes anywhere from one hour to more than two weeks to reach various destinations from Montreal. + +“The evolution of the sensitivity [toward what was then an emerging pandemic] in Canada went crazy within several days, and that time frame from leaving here with the perfect product that we put a lot of time and effort into was too long,” he said. “My bad.” + +Employees who don’t feel safe aren’t required to come to work and will still have jobs when they feel ready, Mr. Rossy insists. In the meantime, the company is hiring to plug its staffing holes, adding about 2,200 workers over the past two months. Fewer than 10 employees have fallen ill with the coronavirus, a number the CEO attributes both to luck and the company’s actions. + +The supply chain is another area of focus. Dollarama didn’t cancel its orders for Halloween and Christmas merchandise (it typically places such orders four to six months out), even though it knows those celebrations won’t be the same this year. “The goods won’t go bad, they’ll be fine. But there will be inefficiencies that come from this," Mr. Rossy said. + +More immediately, the company is seeing shifts in its North American supply chain. Some U.S. vendors are redirecting their stocks to U.S.-based buyers, Mr. Rossy said. He gave the example of one unnamed food vendor that told him it is getting a higher price by selling in-country. + +“I don’t fault anybody for making the decisions they’re making right now. It’s really complex what’s happening out there,” Mr. Rossy said. “It bothers me if it’s being made for financial gain. But if it’s being made because Americans want to support Americans first, I respect that.” + +Dollarama has been able to source from different vendors to replace those it has lost, the CEO added. But it has had to accept new product formats and packaging. + +“Where I was buying a gallon of 70 per cent alcohol for $9.60 for sanitization purposes, a week and a half later the going rate was $65 for the same thing. And so it’s not simple to rectify that problem,” Mr. Rossy said. “All those things that are happening by the hour are part of why we’ve made all the decisions that we’ve made to date.” + +As shoppers queue up in widely spaced lines to enter stores across Canada, it’s hard to imagine a return to normal. + +Dollar stores showed resiliency during the previous financial crisis in 2008, and they’re poised to do so again, Veritas Investment Research analyst Kathleen Wong said in a recent note. Dollarama, in particular, has a strong balance sheet, she said. With about $490-million cash on hand and $135-million in available credit, Ms. Wong estimated the company’s debt to be about 3.3 times its operating earnings (EBITDA), a ratio well within the range of an investment-grade credit rating. + +Mr. Rossy expresses confidence that customers will keep coming as circumstances evolve. + +“There will be a lot of people who will suffer financially during this crisis and that’s not to be taken lightly as a society,” he said. “Our role has always been to serve those who are on a budget or want a great value from zero to $4. And I think, more than ever, that will be important." +https://www.cnbc.com/2019/07/29/fortnite-world-cup-us-teen-wins-3-million-at-video-game-tournament.html + +Global revenues from esports, or professional video game competitions, will hit $1.1 billion in 2019, up 27 percent since last year, thanks to ballooning revenues from advertising, sponsorship and media rights, according to a report released earlier this year. + +Launched in 2017, Fortnite’s popularity has helped Epic Games reach a $15-billion-valuation last year. It competes with other games like Electronic Arts Inc’s Apex Legends and Tencent Holdings’ PlayerUnknown’s Battlegrounds. + +Overall, the global video and electronic games market, excluding revenues from esports, will generate $152.1 billion in 2019, up 9.6% over last year, according to a report by gaming analytics firm Newzoo. +While Tesla sales are booming, as a whole [its market share is shrinking worldwide](http://ev-sales.blogspot.com/2021/05/2021-q1-sales-by-oem.html): + +> If we gather plugin sales by Automotive Groups, Tesla ended the first quarter of the year in the lead, with 16% share, 3% less than a year ago + +> Looking only at BEVs, Tesla is comfortable in the lead, with 25% share, but has lost 4% share regarding the same period of last year + +As now almost every manufacturer is pushing hard on EV and a lot of models are launching this year, it appears Tesla is on track to be a major player in the car industry but not necessarily dominant. +As the title says, Im wondering if you guys think I am ready (within the next 8-12 months) to purchase my first property. I live in the DC/Maryland/Virginia area and am currently looking at cheapish 1 bedroom condos which from what Ive seen are going in the $150k-$175k rage. + + + + +Age: 23 + +Income: $80k/year + +Cash: $26k + +Crypto: $23k + +401(k)/Roth IRA: $10.7k + +Debt: About $8k in student loans, interest is paused due to covid. Debt free in everything else. + + + +I am hoping to buy within the next 8-12 months. Is it doable? What about even sooner? + + + +Also, as crazy as this sounds, could I house hack a 1br place? As in, "rent" out the living room for pretty cheap to a close friend? This is an area close to where Ive grown up all my life as well as went to college, so I would have no trouble finding acquaintances who would be more than happy to take over part of my living room for cheaper than market rates. This is something I wouldn't mind, and it would significantly help out mortgage payments. + + +My ultimate goal is to own multiple property investments and hopefully gain financial independence from that. While I do plan to live in my first purchase, this will not be the case for long and I would eventually like to rent it out completely and pay off the rest of the house through rental income while purchasing more properties. + + + +Thoughts? Thank you! +# "Let's take another dive into that Dark Pool data + +# And learn why our stonk has such a Negative Beta + +# High Frequency Trading, when they got stuck + +# TLDR: Hedgies R Fuk" + +&#x200B; + +I'm a long-winded SOB, so I'm going to break this into 2 parts. + +I'll start with Part 1 and cover November through March. + +I know Part 1 is a big stinky Data Dump, but I'll try to include some additional take-home points in Part 2 once they release the final May data. + +**Part 2** will include April through May plus some "Bananas for Thought". + +There's a Visual TLDR at the end, so you could probably start there if you're not a data donkey like me. + +&#x200B; + +I've been looking at the OTC data for a couple of months: + +[Missing Bananas 1](https://www.reddit.com/r/Superstonk/comments/mvfs0c/over_30_of_gme_bananas_are_missing_from_bloomberg/) (4/21) + +[Missing Bananas 2](https://www.reddit.com/r/Superstonk/comments/mx4j9p/dark_pool_dd_summary_and_a_quick_update_on_all/) (4/23) + +[The OTC Conspiracy](https://www.reddit.com/r/Superstonk/comments/myf505/probably_the_last_dd_youll_ever_need_to_read_the/) (4/25) + +[The OTC Conspiracy Part 2](https://www.reddit.com/r/Superstonk/comments/n5q76p/the_otc_conspiracy_part_2_shining_some_light_into/) (5/5) + +[OTC Conspiracy Graph](https://www.reddit.com/r/Superstonk/comments/o5amd8/the_otc_conspiracy_this_graph_and_data_shows_gme/) (6/21) + +There's no doubt in my mind that the OTC has been used for fuckery and manipulation in an effort to control the price. For this post, I decided to evaluate the OTC from a slightly more macro perspective. In the [OTC Conspiracy Part 2](https://www.reddit.com/r/Superstonk/comments/n5q76p/the_otc_conspiracy_part_2_shining_some_light_into/), I compared GME OTC to 33 other stocks. The sample wasn't perfect, but it was clear GME has been traded more in the OTC than any other stock. + +For this post, I wanted to look at how GME has been handled in OTC compared to the OTC as a whole. + +# Why should we care about the OTC? + +The NYSE President, Stacey Cunningham, confirmed in an interview last month that the prices of "meme stocks" may be distorted because the majority of trades in those names are executed away from public exchanges where share price formation occurs. + +From the Reuters article about that interview, [Meme Stock Prices May Not Properly Reflect Demand](https://www.reuters.com/business/meme-stock-prices-may-not-properly-reflect-demand-nyse-president-2021-06-16/), Stacey Cunningham says: + +"In some of the meme stocks that we've seen, or stocks that have a high level of retail participation, the vast majority of order flow can trade off of exchanges, which is problematic." + +"That price formation is not really reflective of what supply and demand is." + +"Individual traders contribute as much as 70% of the volume (in these stocks)" + +As the article states, the majority of retail orders bypass exchanges because of Payment for Order Flow arrangements, in which retail brokerages sell their customers' marketable orders to wholesale brokers. The wholesalers match the orders internally, trying to profit off of the bid-ask spread, while offering retail traders the 'best market price or better'. + +But the practice raises conflict of interest questions, including whether off-exchange trading - which is about 50% of the market when institutional block trades are included - distorts the price discovery mechanism for stocks, Gary Gensler said. + +GGee... I wonder... + +&#x200B; + +# Preface to the Data + +Let's jump right in. Please note that I removed **De Minimis Firms** from my monthly data analysis because these firms are too small or too cowardly to identify themselves as GME OTC participants (was dat u Melvin?). Each participant is identified individually in FINRA Total OTC data so it was very difficult to compare. + +Because I had to remove **De Minimis Firms** from the analysis, the actual monthly GME OTC totals are slightly less than the original FINRA data that I presented in my previous posts. However, doing this allowed me to look at each participant's monthly activity across the entire OTC and compare it to their monthly activity for GME. + +I have zero finance background, so I'm going to try to limit speculation as much as possible and leave that to the wrinkly-brained apes in the comments and in future posts. + +All the data is directly from the [FINRA OTC website](https://otctransparency.finra.org/otctransparency/OtcIssueData).([https://otctransparency.finra.org/otctransparency/OtcIssueData](https://otctransparency.finra.org/otctransparency/OtcIssueData)) + +FINRA somehow thinks it's fair and reasonable to release this "top secret data" at least 4 weeks delayed, so Part 2 will only include data through May, after it gets released tomorrow. + +&#x200B; + +# December and November OTC + +**A normal November and a December dial-up** + +[In November and December, GME OTC trades accounted for 0.11&#37; and 0.17&#37; of participants total OTC trading activity](https://preview.redd.it/gvkmrk5smh971.png?width=1580&format=png&auto=webp&s=ce9c3b62c8794e8a2cb2ef5301b070cba1fcb46d) + +**November:** + +* 8 participants +* GME was **0.10%** of Total OTC shares traded for these participants +* GME was **0.11%** of Total OTC trades for these participants +* 201 million OTC trades; GME \~ 224,000 +* OTC \~ 313 shares/trade; GME **290** shares/trade +* GME price \~ $12-16 + +**December:** + +* 7 participants +* GME 0.13% of Total Shares +* GME **0.17%** of Total Trades +* 241 million OTC trades; GME \~ 406,000 (**81.3%** monthly increase from November) +* OTC \~ 313 shares/trade; GME **247** shares/trade +* GME Price \~ $16-$20 + +&#x200B; + +In November, GME was 0.10% of total OTC shares traded and 0.11% of total OTC trades. To me, it makes sense to have a similar allocation of % shares traded and % trades. It also makes sense that the shares/trade for GME would be similar to the entire OTC marketplace (290 vs 313). That's why I feel like November provides a good basis for comparison even though GME was heavily manipulated well before November and December 2020. + +In December, we already see these numbers begin to skew. GME was 0.13% of shares, and 0.17% of trades and the average shares/trade for GME dropped from 290 in November to **247** in December. The average shares/trade for these participants across the entire OTC marketplace (including GME) remained at 313. + +&#x200B; + +# January OTC + +**The January Jump-Off** + +[In January, GME OTC trades accounted for 1.85&#37; of all OTC trades for these participants. GME shares accounted for 0.51&#37; of all OTC shares traded](https://preview.redd.it/b9v5q2oqk9971.png?width=1770&format=png&auto=webp&s=15926b50d64846a4da254cc245025db4fd9e279c) + +**January:** + +* 14 participants (from 7 in December) +* GME was 0.51% of Total OTC shares traded + * The monthly % increase in GME OTC shares traded OTC was over **518%** from December and over **700%** from November +* GME was **1.85% of Total OTC Trades** for these participants + * Up from 0.17% in December and 0.11% in November +* OTC \~ 311 million trades; GME 5.76 million trades + * **1319%** monthly % increase in GME OTC trades from December + * **2473%** monthly % increase in GME OTC trades from November +* OTC \~ 328 shares/trade; GME **90** shares/trade +* GME closing price \~ $17 - $347 (but only 4 trading days closed above $100) + +We know that the volume in January was literally bananas (over 1.26 billion). And **over 49%** of that volume (over **624 million**) went to the OTC and ATS dark pools. + +The GME average shares/trade decreased from 247 to **90**, while the average shares/trade for these participants across the entire OTC marketplace (including GME) **increased** from 313 to **328**. + +GME was **0.51%** of total OTC shares traded for these participants. + +Meanwhile, the idiosyncrasy of % shares and % trades was further amplified, with GME accounting for **1.85% of total OTC trades**. So almost 1 out of every 50 OTC trades across the entire OTC marketplace for these participants was GME. + +Meanwhile, more than 1 out of every 50 OTC trades (**2.23%**) that **Citadel** made in January was GME (and they trade a LOT of securities). They traded more shares OTC in January than any other month to date. Their shares/trade for GME dropped from 360 to **98,** while their shares/trade for the entire OTC (including GME) **increased** from 353 to **390.** They increased their GME monthly shares from 47 million in December to over 252 million (an increase of **432%**). They made almost 2.56 million GME OTC trades, an increase of over **1840%** from December and an increase of over **3270%** from November. + +They weren't acting alone. I bolded all of the participants whose GME trades accounted for >1% of their overall OTC trades (**11 of 14 participants**). + +* **Virtu** increased their GME trades by over 1150% +* **G1 Execution** increased their GME OTC trades by over **1419%** +* **Jane Street** increased their GME OTC trades by over **1842%** +* and **UBS Securities** increased their GME OTC trades by over **1423%** +* **Two Sigma** (436%) and **Wolverine** (441%) also increased their trading in January + +Their only chance at remaining solvent was to turn off the buy button, kick the can with married puts, and initiate Fuckery in February. + +# February OTC + +**The February Fuckery was Afoot** + +[Robinhood enters the fray in February, making 772,000 trades with 774,600 shares](https://preview.redd.it/szdozinfk9971.png?width=1773&format=png&auto=webp&s=408609baf93e5a3a253daf1b49bc21a6e28649c4) + +**February** + +* 14 participants (from 14 in January) +* GME accounted for **0.31%** of Total OTC shares traded (from 0.51% in January) + * The monthly GME OTC shares **decreased 42.3%** from January + * However, the monthly GME OTC shares traded was still up over **199%** from December and over **361%** from November +* GME accounted for **2.24% of Total OTC Trades** for these participants + * Up from 1.85% in January, 0.17% in December, and 0.11% in November +* OTC \~ 345 million trades; GME 7.73 million trades + * **34.2%** monthly % increase in GME OTC trades from January + * **1804%** monthly % increase in GME OTC trades from December + * **3353%** monthly % increase in GME OTC trades from November +* OTC \~ 283.3 shares/trade; GME **38.8** shares/trade +* GME closing price \~ $40-$225 (but only 3 trading days closed above $100) + +So, while there was a **42% decrease** in GME shares traded OTC, there was a **34.2% increase in trades**... What else changed? + +**Robinhood** entered the OTC for the first time in February. They actually eased into it nice and slow. + +* Week of 2/1 - 0 trades +* Week of 2/8 - 1,675 trades +* Week of 2/15 - 14,900 trades + +Warming up with a little foreplay before the real GME molestation began. + +During the week of 2/22 they made over 755,400 trades with over 757,900 of our shares. You don't need a math degree to see that averages out to almost exactly 1.00 shares/trade. + +This was likely in an effort to try to mitigate the increase in price from having to cover some of January's mountain of FTDs that weren't tucked away in options. I remember watching these fuckers desperately try to suppress the price on 2/25 and 2/26. + +* We opened on 2/24 at $44 and closed at $91 on 83 million in volume. +* We opened on 2/25 at $169, yet somehow closed at $108 on over 150 million in volume. +* On 2/26, we opened at $117 and closed at $101 on over 92 million in volume. + +**I thought this deserved a closer look.** + +[February Fuckery was afoot during the week of 2\/22. Robinhood made almost 24&#37; of the GME OTC trades that week, more than even Citadel and trailing only Virtu](https://preview.redd.it/ci4tbrc4a9971.png?width=1715&format=png&auto=webp&s=0b2049cab89ede5ab148f33a867774c890431c51) + +**Robinhood** accounted for almost **24% of GME's weekly OTC trades**, trailing only Virtu. They made more GME OTC trades than **Citadel**. GME accounted for almost 17.5% of their total OTC shares and almost **18.7%** of their total OTC trades. + +GME was over **5.56%** of the total OTC trades for these participants during the week of 2/22, but only **0.70%** of the volume. GME was over **3%** of total OTC trades in 13 out of the 15 participants (in bold). + +**There were over 3.157 million GME trades on the OTC during this one week**! + +To put that into perspective, the number of GME OTC trades in December was **406,000** and the number of GME OTC trades in November was less than **224,000**. In fact, there was **225% more** GME trades made in the OTC in that one week than September, October, November, and December **COMBINED** (1.4 million trades). + +The average shares/trade across the entire OTC (including GME) for these participants was over **305**. The average shares/trade for GME was **38.5**. + +I'm sure there are more connections we can make from this one week of data, but for brevity sake, I'm going to zoom back out to the monthly data. + +&#x200B; + +In February, **Citadel** was able to **decrease** the number of GME shares traded OTC by over 54% from January. However, Citadel actually **increased** the number of GME trades made OTC by **3.73%** from January (an increase of **1912%** from December and **3396%** from November). Their average GME shares/trade decreased from 98.6 in January to **43.6** in February. Their average shares/trade across the entire OTC (including GME) dropped from 390 to **330**. GME was still over 2% of their total OTC trades, but only 0.27% of their total OTC shares. It certainly seems like Ken was playing high frequency patty cake with his good pal Vlad, now that RH had conveniently joined the OTC frenzy. + +Citadel and Robinhood weren't the only participants to participate in this HFT frenzy. **Virtu** decreased their GME OTC shares traded by 15%, but **increased** the number of GME OTC trades by 12.25%. Their average shares/trade GME dropped from over 77 in January to 58 in February. GME accounted for 0.36% of their total OTC shares, but 1.94% of their total OTC trades. + +**Wolverine** went from 98 GME shares/trade in January to **3.85** shares/trade in February. They did so by **decreasing** the shares traded by 91%, while **increasing** the number of trades by 127.6%. GME was 0.03% of their total OTC shares traded, but **2.23%** of their total OTC trades. No wonder why they sold their GME. + +**G1 Execution** dropped their GME shares/trade from 142 in January to **28.8** in February. They decreased their monthly GME shares traded by 64% and **increased** their monthly trades by almost **78%** from January **(up 2602% from December and 4033% from November)**. GME was over 3.8% of their total OTC trades, but only 0.45% of their OTC volume. Their shares/trade decreased from 142 in January to 28.8 in February (vs 244.7 for the entire OTC including GME). + +**Two Sigma** increased their GME OTC trades by almost 83% from January (up 881% from December and 1541% from November), but increased their shares by only 17.8%. Their shares/trade for GME dropped to an all-time low of 17.75. + +I could keep going with February Fuckery, but let's move on to The March Manipulation. + +&#x200B; + +# March OTC + +**The March Manipulation** + +[Robinhood upped the ante with 1.656 million trades using 1.658 million shares. The total percent of OTC trades that was GME increased for the 5th straight month to 2.32&#37;.](https://preview.redd.it/ponb5hgvj9971.png?width=1621&format=png&auto=webp&s=8799c8667e212f9fc0a61ca930fa8c82228fc9ce) + +**March:** + +* 12 participants (from 14 in February) +* GME accounted for **0.30%** of Total OTC shares traded (from 0.31% in February) + * The monthly GME OTC shares decreased **17.07%** from February + * However, the monthly GME OTC shares traded was still up almost **148%** from December and almost **283%** from November +* GME accounted for **2.32% of Total OTC Trades** for these participants increasing for the 5th straight month + * Up from 2.24% in February, 1.85% in January, 0.17% in December, and 0.11% in November +* OTC \~ 329 million trades; GME 7.65 million trades + * **1.06%** monthly % **decrease** in GME OTC trades from February + * **32.8%** monthly % increase in GME OTC trades from January + * **1784%** monthly % increase in GME OTC trades from December + * **3317%** monthly % increase in GME OTC trades from November +* OTC \~ 255.3 shares/trade; GME **32.5** shares/trade +* GME closing price \~ $120-$265 (9 out of 20 trading days closed above $200) + +The GME shares/trade dropped to an all-time low of **32.5**. **Robinhood** increased their GME OTC shares traded and number of GME OTC trades by **114%** each. March was the month of the great Robinhood exodus, and it's likely that they began scrambling for shares. GME was over 7% of their total OTC shares and over 7.3% of their total OTC trades. + +The idiosyncrasies between % of total shares (0.30%) and % of total trades (**2.32%**) continued to widen. This is shown in the decreasing shares/trade and in the monthly % change (-17% shares vs -1% trades). + +**Citadel's** shares/trade for the entire OTC was almost 317.8, while their shares/trade for GME was 42.6. + +**Jane Street** continued to increase their GME OTC trading activity by another 60% in March (a **3705%** increase from December and **6614%** increase from November). + +**Virtu** continued to decrease their shares traded, while increasing their GME trades. They were the most active GME OTC participant in March, making almost 2 million trades, while dropping their shares/trade from 58 to 48. Meanwhile, their shares/trade across the entire OTC (including GME) was 279. + +**The week of March 8th was kind of wacky:** + +[Robinhood leads the entire GME OTC in Trades](https://preview.redd.it/z2yxmkqj8a971.png?width=1638&format=png&auto=webp&s=82e40b3b4208b6c5f88ddada08f96cd27d021d1f) + +**Robinhood** was **1.00%** of the weekly OTC shares, but used those 765,000 shares to make over 763,000 trades, which was **25.78%** of the weekly total. They made more OTC trades than any other participant. GME was almost **20%** of their total OTC shares and almost **21%** of their total OTC trades. + +Think about how many GME shares Robinhood had on default Margin in January... The mass exodus foiled their plan. + +There were **2.96 million** GME OTC trades in one week. That's **211%** **more** trades in one week than September, October, November, and December **COMBINED** (1.4 million trades). + +Shares/trade for the entire OTC (including GME) was **319.46**, while shares/trade for GME was **25.85**. + +GME accounted for **0.50%** of the total OTC shares, but **6.15%** of the **total OTC trades**. GME accounted for more than 3% of their total OTC trades for 13 out of 15 OTC participants. For G1 Execution, GME accounted 0.86% of their total OTC shares, but 9.20% of their total OTC trades. + +GME was only 0.57% of **Virtu's** OTC shares, but almost **5%** of their total OTC trades. + +GME was only 0.36% of **Citadel's** OTC shares, but **4.16%** of their total OTC trades. + +&#x200B; + +# For the Visual Apes + +# Let's end Part 1 with little TLDR: + +Monthly GME OTC trades September - March + +[Huge increase in GME OTC trades](https://preview.redd.it/72uezos4dh971.png?width=699&format=png&auto=webp&s=8e742a99fde0798cfd6f2d0b435517d2dfddbdf6) + +Weekly GME OTC Trades (late September - March) + +[These weeks seem to stand out...](https://preview.redd.it/g6b7rhlbhh971.png?width=1004&format=png&auto=webp&s=cd6de72fae89ad38c842e13a69ff3cb574f65621) + +GME monthly Shares/Trade OTC from September - March + +[Shrinking shares\/trade](https://preview.redd.it/kuohghnugh971.png?width=745&format=png&auto=webp&s=0047c2b43cf6d878f2ab42a52367c81526125272) + +GME Shares/Trade OTC vs. Entire OTC Marketplace (including GME) - November - March + +[Shrinking shares\/trade - Spoiler alert, it's only getting worse...](https://preview.redd.it/moaplsfrgh971.png?width=983&format=png&auto=webp&s=329a69fd0e09fc69f38a60578cf8ce3880660a04) + +Lastly, using an estimated GME Float of 26.7 million (January - March before share offerings), and comparing it to a few other stocks (see [OTC Conspiracy Part 2](https://www.reddit.com/r/Superstonk/comments/n5q76p/the_otc_conspiracy_part_2_shining_some_light_into/) for more info and examples): + +[Over 4000&#37; GME Float traded OTC in Q1](https://preview.redd.it/ifaffppgjh971.png?width=1198&format=png&auto=webp&s=2dafcba6ae97dffa86c4ad806dac09bcafcdcf6a) + +Part 2 coming soon! + +Buy, HODL, and Buckle Up! Power to the Players +I’ve been lurking for years and it’s mostly been: + +- FAANG executive who got stock options (software engineering background) + +- someone who sold their software startup (same background) + +- early crypto investors (usually just some random guy who was on the dark web during the early 2010’s for some reason) + +I haven’t seen much from the folks on Wall Street who went the inbanking and private equity path or those who become partners at huge consulting firms. I’m at a target school and these routes are what everyone talks about… finance consulting finance consulting yadda yadda. + +Is there anyone here who has made it in such a path and can speak to how life is going? Do you feel fulfilled with your career? If you had to redo everything, what would you do differently? +This has been warned of before on Reddit, but I have specifics now. Teachers, please avoid AXA, The Legend Group, Lincoln Financial, Voya, Valic or any other company with a high expense ratio. If you'd like an important read: [https://nyti.ms/3viOcw7](https://nyti.ms/3viOcw7). + +Just got off the phone with AXA (Equitable). I have $13,700 in my AXA account. If I were to roll this money to my Vanguard account, there is a $561 Surrender Fee and a $9 (prorated) Transfer Fee. To avoid a Surrender Fee, I need to wait 6 years AFTER my last contribution. + +Furthermore, smart Redditors previously suggested that clients of these predatory investment companies can pull 10% out of the account every year. I asked the rollover agent about this, she said every time the 10% is rolled over to my Vanguard account, there will be a $65 Transfer Fee. + +I asked her how much longer I have to wait for the account to waive a Surrender Fee. I started the account January 2019, so I assumed she would say January 2025. I was wrong. It has to be 6 years AFTER your last contribution which I made March 2021. So the surrender fee will not be waived until March 2027. + +TL; DR - Read the NYT article. Use Vanguard, TIAA or a company you actually research and fits your needs. + +Question to my **Master Finance Redditors**: Am I making the right choice here to wait until March 2027? Or should I be spiteful and swallow these fees to leave AXA now? Thank you for dealing with investment noobz like myself. + +\*\*EDIT\*\* After reading comments: + +1. Lincoln Financial, Voya and Valic are not as bad as the NYT article describes - fees depend on who the third party is - please simply double check your contract or call +2. TIAA is not as great as I thought, I was wrong +3. Research "self directed brokerage" accounts (SDBA) +4. This is for **teachers with 403(b)s** only, not other professions or investment accounts +5. If your district does not offer Vanguard, pressure HR to add any company with low fees, for example - Redditors say Fidelity is great + +&#x200B; +I was just looking into Berkshire Hathaway's portfolio and I saw they own both VOO and SPY. Why is that? Why not just increase their position in one of them, is there really a purpose in owning both VOO and SPY? Just curious. Thanks! + +&#x200B; + +[https://www.cnbc.com/berkshire-hathaway-portfolio/](https://www.cnbc.com/berkshire-hathaway-portfolio/) +**TLDR: Swaps have been reported publicly since mid-February. From the three months of data, we were able to observe three things:** + +* **Evidence of hidden shorts in ETFs: Lent-out shares in XRT on suspicious dates.** +* **Contracts for Difference (CFDs) can be used to short a stock; GME has unusual CFD trades.** +* **Good news: We can see that other traders go long GME.** + +A short squeeze occurs when there is a lack of supply and an excess of demand for the stock due to short sellers having to buy stocks to cover their short positions \[1\]. For GME, the theory says that massive short positions are hidden in options, naked shorts and swaps. This article is about swaps. The reporting of swap trades started only in mid-February, three months ago. I inspected the swaps data and will give you an overview in this post. + +**Types of swaps:** + +In principle, Swaps are bets on a price movement. These derivatives can be used to go long or short. Swaps do not have a direct impact on the price of the underlying, but the hedging of these derivatives can influence the price. + +Let us first revisit how a hedge fund can enter a short position. An interesting paper about the financial crisis in 2008 \[2\] described different ways to get around short-selling bans: + +>A short sale can be replicated by a suitable option or futures strategy. For example, the put-call-parity allows investors to obtain the same exposure as with a short strategy by buying a put option, writing (selling) a call option and borrowing dollars. \[...\] It also requires transaction costs to be sufficiently small. Furthermore, precise put-call-parity only holds for European options (those that can be exercised only on the maturity date, but not before). Traders may also construct synthetic short positions by selling futures contracts and buying bonds with the same maturity. \[...\] A short position can also be taken through spread bets, **contracts for difference (CFDs) and total return swaps**. + +*Contracts for Difference (CFDs):* + +* CFDs are bets on the stock price difference at the beginning and at the termination of the trade. +* I'll simplify and assume that most of the CFD trades are initiated as short positions. You may say - CFDs are not allowed in the USA; well, open an account in Canada or in the EU then +* There are clear advantages of CFDs for short sellers: (1.) Leverage. (2.) They do not cause FTDs and are independent of how liquid the stock is. (3.) There are almost no rules for shorting with CFDs. "*CFD instruments can be shorted at any time without borrowing costs because the trader doesn't own the underlying asset.*" \[3\] + +*Portfolio swap or total return swaps:* + +* In a portfolio swap, the swap holder gives money to the counterparty to buy (or sell) a stock. When the trade is terminated, the counterparty sells (re-buys) the stock and gives the returns back to the swap holder. +* Portfolio swaps are very similar to total return swaps. Usually, portfolio swaps are preferred. +* The trading parties can take portfolio swaps in the form of a basket, i.e., the initial transaction is not money but a basket of shares. This type of swap can lend shares and is very useful for short selling. +* In contrast to CFDs, most portfolio swaps are taken as long positions, but with one exception: Swaps done as *basket* trade are probably short positions. + +**Limitations of what we can see:** + +The swap data reporting started on 2022-02-14, and thus any earlier data is unknown. Swaps have a lifetime of up to ten years, so the fog of unreported data may still hide a significant position. + +We have swaps reporting data with a single underlying as mandated by the SEC; swaps with "a basket of multiple stocks" are regulated by the CTFC and not yet to be reported. + +Swap trades are reported in a structured form. Still, the DTCC keeps the information of the trade parties highly secret. Amendments to existing transactions are also not linked to their original entry. This obfuscation makes it a bit hard to find out the real open positions. Automated trading makes it even harder. Therefore, we will only look at the daily volume in swaps. So, regardless of whether a it is a new, a closed, or an updated position, those count towards the daily volume. We will also use "Quantity" as a volume measure that tells us the number of shares in the swap. + +Before we start with the plots: **"Notional Quantity" == Number of shares;** and **"Notional Amount" == USD.** + +**Evidence of hidden shorts in XRT:** + +XRT is interesting because this ETF had a substantial short interest and contains GME shares. The theory says that GME shorts are hidden in ETFs. Authorized Participants can dissolve the ETF shares into the individual stocks; and then use these share to short a stock without causing FTDs. ETF shares can be lent-out using basket portfolio swaps: + +[The two large green spikes: probably lent-out shares; the first spike was so large, it surpassed the range of the reporting form \(at least 250 million USD\)](https://preview.redd.it/14qmdtd6yoz81.png?width=3510&format=png&auto=webp&s=71bc3f6d25180b83330e4bc75c7af41704422d6c) + +A single trade increased an unknown basket swap position (short) by over 250 million USD in March, with an expiration date in 2025. Afterward several trades reduced it by 315 million USD. This trading pattern went along with a huge short interest in XRT. There are two start dates linked with this basket swap: 2020-08-20 and 2021-01-04, exactly when the liquidity issues in GME began! *Coincidence!? I think not!* + +As I speculated in a previous post \[4\], the swap holder may have exited his long-term swap position and entered more short-term options to prepare for a squeeze. I also investigated other ETFs that contain GME (IJH, MDY, VTI, IJK, MEME, VB), but none of these ETFs had such significant swap trades - or the transactions haven't surfaced yet. + +**Unusual CFDs in GME:** + +Usually, when any trade is performed or reported, this generates a spike in the plot. However, some CFD positions are regularly updated, which can be observed as a continuous line pattern (not a spike). I've inspected many tickers (from Rüssel 1000 ;-)), and found this pattern is highly unusual. Only a few other tickers have a similar pattern, many of which also had price surges in January 2021. + +[GME timeline, daily traded swaps. In general, spikes on this plot are new trades. However, there is also some trader who constantly announces his CFD position.](https://preview.redd.it/7co6stlayoz81.png?width=3510&format=png&auto=webp&s=0d0c581eb20e884e5729a1a00206e7482b00934a) + +Often those trades are made as a pair with distinguishing parameters, which may be towards multiple counterparties or as part of a hedging strategy. Those positions were entered on interesting dates: 2021-12-21, 2021-04-08, 2021-07-07, 2021-09-24, 2021-11-10, 2021-12-16, among others. The most recent date is 2022-04-01. If you look up the stock chart, each of those trades was after a bull phase. See how these spikes appeared *after* a price increase happened? (well, sometimes timed a bit poorly). Conservatively estimated, the rolling CFD position is at least 100k shares. + +Another indicator is the expiration date of the CFDs: Those will expire on January 25th and April 12th 2023, and in 2026. + +**Good news - We can see other traders go long:** + +When Ryan Cohen bought 100k shares in March, swaps decided to follow. We can see that there is again a bullish sentiment since this week, as you can see in the plot as portfolio swaps! + +[Similar to the GME plot above with GME but with \\"Money\\" on the y axis.](https://preview.redd.it/d6vf09mfyoz81.png?width=3510&format=png&auto=webp&s=057571c71b8a51466171682fa6f51e004258333a) + +Furthermore, GME.N, the NYSE-traded equivalent of GME had two interesting swap trades: + +[GME.N timeline. Usually not very active, but there are huge trades in March.](https://preview.redd.it/watoh0qiyoz81.png?width=3510&format=png&auto=webp&s=a42ec03ea3b6851f180339390e3e71eea4276b12) + +In GME.N, someone entered a 17 million USD and a 21 million USD swap in March, just after the 100k shares buy-in of Ryan Cohen. Both trades are more significant than any other swap trade in the GME ticker. Is there a reason to trade in this ticker rather than directly in GME? + +This bullish sentiment in March also appeared in GME swaps. A second bullish phase happened in the last two weeks; we saw that already on Thursday when the trading was halted. This volatility already announced itself in the swaps the day before, when several trades ranging up to 4 million USD appeared. + +I see this as a sign that "big money" goes long GME; someone who spends that money on a swap did a proper risk assessment. + +**Other stocks for comparison:** + +Let's first look at a regular boomer stock; in case you typed wrong while buying, here is GM: + +[GM swaps; Green line: someone bought 3 million GM stock through portfolio swaps in March. Red line: a short position in April using a basket portfolio swap.](https://preview.redd.it/xy0rx44myoz81.png?width=3510&format=png&auto=webp&s=ea67cbadc6f8f879462c3f270fca9b8ffdf54806) + +[Ah, well, Popcorn also has this unusual pattern with CFDs. However, the NYSE traded ticker does not have these bullish trades of GME.N; but rather a few large basket portfolio swaps \(maybe new shorts!\). Also, the CFDs here expire only in 2026.](https://preview.redd.it/ox4wwfdoyoz81.png?width=3510&format=png&auto=webp&s=24bc4597c38c47e99fe47ed4df48900a2dff4b03) + +[BBBY timeline](https://preview.redd.it/mknullxpyoz81.png?width=3510&format=png&auto=webp&s=dba262ea7097fca9ce6a22c9b912da44b6cf424e) + +BBBY. Orange: Multiple swap positions were terminated in March, largest transaction has 800k shares; someone terminated his large portfolio swaps. Blue line: A CFD with 300k shares daily peak, several long-term CFD positions from January surfaced.... *How I interpret this: Short sellers did not learn from their mistakes and increased their short position on BBBY in January.* + +[BRK-B also had an interesting pattern....](https://preview.redd.it/4olvpeotyoz81.png?width=3510&format=png&auto=webp&s=8b7731a3652bd4a928d3c9c3fcf8e6cf3845c151) + +&#x200B; + +\[1\] [https://en.wikipedia.org/wiki/Short\_squeeze](https://en.wikipedia.org/wiki/Short_squeeze) + +\[2\] Short selling regulation after the financial crisis – First principles revisited, Grünewald et al., 2010, International Journal of Disclosure and Governance volume 7 + +\[3\] [https://www.investopedia.com/articles/stocks/09/trade-a-cfd.asp](https://www.investopedia.com/articles/stocks/09/trade-a-cfd.asp) + +\[4\] "Swaps my be linked to the enormous short interest of XRT" by u/MyFirstBanana +https://www.nytimes.com/2022/12/20/your-money/spending-bill-401k-retirement-savings.html?smid=nytcore-ios-share&referringSource=articleShare + +Changes include: +-employer requirement to auto enroll employees in 401k + +-employer permitted to auto enroll employees in emergency savings + +-certain limited emergency withdrawals permitted from 401k without penalty + +-student debt can be deemed retirement contributions for purposes of claiming employer 401k match + +-federal matching contribution to IRA for certain low income individuals + +-certain part time employee participation in 401k + +-increased catch up contributions + +-RMDs delayed until age 73 +While i know next to nothing about stocks, My career is centered around medicine, and when I saw Mitesco Inc. getting pumped around on tik tok and this sub, I decided to take a look. It only took one look for me to realize this company was essentially doomed, they were trying to have clinics run solely by nurse practitioners and not doctors, this practice is already illegal in a handful of states, and the states where it is legal have many law suits against nurse practitioners for missing diagnoses that any ordinary physician could see. + +I decide to share why I thought this was a bad company. + +Since i shared that Mitseco has gone down 20% and practically stalled. + +Immediately I was hit with angry replies, "they have insiders buying up stock!" "Their business was acquired by walgreens, have know idea what you are talking about!" + +I don't particular mind this I am glad to have a dialogue. When I posted FLT.V, i moreso just wanted to chat with some people, saying things like "just bought $10 000" doesnt help anyone, lets talk about the company. + +There is a desire to pump these stocks as hard as possible, but we should really be looking at companies which have true potential not now, but 2-3-4-10 years down the line. + +Downvoting people who are cautious or apprehensive only does worse to the cause of this sub, and potentially builds up a pump and dump hive mind. I get it though, recently someone mentioned zosano, I bought at 1.4 and sold the next day for 2.6 when it was in a freefall. I've made money off of the pump and dumps so I understand the appeal. But we should strive to allow for negative viewpoints of the company to sit center stage, put cons in your dd, analyze negative comments, dont dismiss them. +Not sure if I'm missing something but it seems the long awaited Vanguard Pension is now live. I was literally about to open a Cavendish SIPP since I wasn't sure when the Vanguard one would be released. + + [https://www.vanguardinvestor.co.uk/what-we-offer/personal-pension/personal-pension-account](https://www.vanguardinvestor.co.uk/what-we-offer/personal-pension/personal-pension-account) +Hedge Fund Melvin Capital Posts First-Quarter Decline of 49%2021-04-09 19:52:34.566 GMT + +By Hema Parmar(Bloomberg) -- Gabe Plotkin’s Melvin Capital Management, the hedge fund that lost billions of dollars in part by shorting GameStop Corp. shares, **ended the first quarter down 49%.** Melvin slid 7% last month, according to people with knowledge of the matter, after gaining almost 22% in February. In January, the fund dropped 53% on GameStop and other short bets. A spokesman for the firm declined to comment. +I'm an xx share holder. It's not much but it's what I can afford. Even with this, I will be keeping 25% of my shares forever in the hopes that hedgies can never close their short position. They're like the dragon sitting and guarding their mound of gold when they could have been working to better society. The fact that people can buy super yahts at the same time we have homeless people struggling is beyond me. Let's get rich, but let's also fix this world once money changes hands. 💎🙌 Forever +I keep reading 1M$ or 2M$ is the floor. + +Guys cmon, this is livechanging money. +Even for our single digitshareholder brothers. + +Keep in mind they: +- threatend our fellow apes +- infiltrated our homes so we had to escape here +- destroyed thousands of lives in 2008 + +Now its our time to strike back. So get you shit together and stop saying the floor is 1M$. That is just a fucking joke to me. Be greedy, its payback time. + +10M$ or nothing +https://www.cnbc.com/2019/05/28/prosecutors-say-jj-ran-deceitful-brainwashing-campaign-in-opioid-trial.html + +So this will probably stir up political commenters from r/politics and lead to a locked thread, but I'm interested in long term J&J holders thoughts. + +It seems like J&J rolled the dice by playing hardball and not settling like the other two drug makers named in the suit did. Increasingly, it seems like J&J has taken a more agressive stance on defending class action suit, but in doing so, exposes itself to potentially big awards to plantiffs. From what I've gathered, J&J has been pretty successful in reducing or outright eliminating judgements related to cancer related to talc powder. +I currently have mint but I hate that I can only have one “goal” per bank account. I have a lot of random expenses come up every now and then that I want to plan for but it’s pretty inflexible. For example I know in a few months I’m gonna make a purchase of $1000, I wanna be able to move money from my “entertainment” budget each month to save up for this big purchase and easily visualise this. + +Every dollar looks good but I don’t want to spend $79 for an app. Any advice? +"PEN IS STUCK - SEND ~~NUDES~~ HELP" + +Ok so on Weds 26th PEN announced trading halt for Capital Raise. + + If you had seen the [PEN mine update DD from 1 month ago](https://www.reddit.com/r/ASX_Bets/comments/n0901i/peninsula_energy_pen_mine_update_finances_cap/) you would have seen under Key Takeaways point #3 I said: " **There will likely be a capital raising of $12-$15mill to expand production targets**\*\* most likely to institutional investors like most companies have done." + +Almost nailed it, except I was expecting the " additional capital is set to be required to build future well fields ". Instead they are allocating $13.4mill to buy physical uranium off the spot market and then remaining few million $$ for "working capital" and to progress the Lance insitu leach mine project. + +But before we go any further on cap raising/SPP, here is a photo of what an insitu recovery uranium mine looks like from [PEN's website](https://www.pel.net.au/) + +[\\"you insert what where?\\" - PEN's ISR Lance Mine in Wyoming](https://preview.redd.it/2cecssav4s171.png?width=1881&format=png&auto=webp&s=a44d82bfcb713aaf679b98bfedb4346e6c047e8a) + +**In-situ Recovery (ISR) mining** is essentially drilling a number of bore holes into the bedrock below in a particular formation. You then pump a dissolving material (alkaline is common in US, but now acids are known to be more effective) - you pump the acid/alkaline solution into the ground and it dissolves the uranium minerals and other valuable by-products. you then pump it out of extraction wells (usually in the center with injection wells on outside ring) and you process the liquid solution to get uranium oxide - which is then put in barrels and sold to utility companies (power plants) who go and get it processed into Uranium fuel rods for their reactors. Ok ISR mining 101 ✅ + +[PEN's Recovered ISR solution process plant - quite simple and boring to conventional mining \(big rocks to little rocks\)](https://preview.redd.it/8gi1ls8r5s171.png?width=1842&format=png&auto=webp&s=fd2185d8eb664683197d56dcf5501e25eab2bc0b) + +# PEN's Capital Raise + +So Wednesday PEN announced they are raising AUD$15million. AUD$13.4mill was to be raised by institutional placement (i.e. sophisticated investors and fund managers - the big dogs) by issuing 89,335,163 new shares at $0.15 per share. + +They are then raising a further AUD$2mill (will likely end up being $2.3mill) through a retail placement known as a share purchase plan (SPP) at the same placement price of $0.15. YAY for PEN15 + +Raising a total of \~AUD$15.5mill (note i am presuming they will be both oversubscribed and they will increase by max 10% ). + +[28-05-2021 PEN announcement front page](https://preview.redd.it/b22bpfou6s171.png?width=930&format=png&auto=webp&s=69dc1af3b37ca9df6b9f9a7b0c115d7eaa9ffa70) + +**Why PEN are buying physical Uranium** + +https://preview.redd.it/oj1xolr27s171.png?width=940&format=png&auto=webp&s=3136f82c04d17d72dcaab311589d16fe971e8470 + +Ok so the big boys (funds and sophs) went in hard for the raise and it was well over subscribed. I believe they were even scaled back by 80%. i.e. if they wanted $1mill worth they may have only got $200,000 worth of shares at $0.15. But they play funny games at that level so lets not got there. Takeaway though was there was a lot of interest in the cap raise from an institutional point. + +# Retail SPP + +Now next week there will be more notices coming out for existing share holders that may want to participate in the retail share purchase plan (SPP). This is an offer to existing share holders that they can apply for up to **$30,000** **worth of PEN shares at $0.15/share.** + +BUT you won't be guaranteed that full placement. AND more than likely you wont get much more than 30% of it AT BEST (calling it here). Why? because just like the oversubscribed institutional placement, the retail placement is already showing a lot of interest - everyone thinks PEN 15 is a bargain again and wants a piece. + +So what are your options as a retail investor? + +1) Do nothing and just enjoy the day to day + +2) participate in SPP and hope you will get full allocation or part there of. + +3) buy on market 4) do both 2 and 3 + +**Indicative SPP timetable - how long you have to make decisions** + +https://preview.redd.it/06udybgc8s171.png?width=956&format=png&auto=webp&s=992c7765c6d9d4c814642abf46a6092ac6c81198 + +Personally I strongly believe the SPP will be over subscribed so if the share price falls close to raise price (or ideally lower but slim chance) then I will aim to buy some more PEN shares on market. Targeting parcels at $0.155. Yes thats higher than SPP and cap raise price, but atleast i am guaranteed to get what I intend to buy and not get scaled back. + +The benefit of the SPP is you don't have to pay brokerage. + +But I use sealfwealth as my online broker for trades so only pay $9.5/trade anyway. [Free 5 trades selfwealth referral link](https://secure.selfwealth.com.au/Registration/Plan/5/z9pQ6) if you like. + +Alternatively you can try sell some shares now at $0.16 and then participate in SPP to buy a portion back at $0.15. Just be cautious there may be a high chance it gets scaled back and you dont get the number of shares you desire. + +There is one more point if you do go down SPP path and its scaled back then if you have sent in say $10k and your allotment gets scaled back to $2k, they will refund you the extra $8k but it may take upto a couple weeks. That is a couple weeks you wont have access to those funds. Definitely need to be aware of that for any SPP you participate in that may be oversubscribed. + +&#x200B; + +Going forward the uranium market sentiment is really starting to get some interest and strong players behind it. All 6 of my uranium holdings are strongly green but real big money hasn't even entered the sector yet. So there is more uranium growth to come especially from a 1-3year time frame. though next 6-12months will be exciting too. + +Feel free to put your comments, questions and feedback below. I am also on twitter as "calculated-punt" + + May your tendies be radioactive and the bull's balls glow bright green ☢️☢️☢️ 🐂📈💰 +Fellow astute investors, friendly degenerates, and fashionistas all: I have a problem now that we’re coming into summer. + +I don’t look good in a short skirt. I just don’t have the legs for it, and I’m a bit taller than the average bear (such is the market we’re in) so there’s a proportion problem as well. The fact that I am also a somewhat hirsute man is less relevant in the summer of 2021-22 than it perhaps once was, times being what they are and I am on board with the times, but…I won’t be heading to Sportsgirl anytime soon. I look OK in shorts, but I’ve also put on a bit of weight trying to eat myself happy during lockdowns, so as summer is upon us, I am now facing something of a short squeeze. + +(Did you know Sportsgirl still exists? I was bloody surprised to learn that over the weekend. I could have sworn they went out of business sometime after their 90s heyday, but there you go. Sadly they’re not listed on the ASX, so we can’t talk about them in this series but I do want to give a nod as the car guy that I am to one of my favourite limited edition cars of all time, the [Holden Barina Sportsgirl](http://80shero.blogspot.com/2016/02/a-significant-moment-meeting-barina.html). It’s no Lambo, but given I haven’t seen one in years it’s a damn sight more exclusive. Also, given the gains we haven’t been making of late, more in keeping with how portfolios are going. Where Barina Sportsgirl?). + +But, unusually for this series, I digress. We were, for reasons that may not be immediately apparent, talking about shorts. Because today, I want to talk about shorts. + +(Oh, and if you **do** look good in a short skirt...my inbox is always open). + +**Should I buy shorts?** + +It’s coming into summer, so yes, yes you should. I for one would be down for a pair of ASX\_Bets koala branded shorts, so that I could look cool this summer and maybe the proceeds could go towards something useful. You should organise that. + +If you’re asking should I short shares, on the other hand, don’t look at me. In fact, don’t even look at Commsec because its website contains this helpful exchange: + +*Can I short sell with CommSec?* + +*No.* + +I always say that I don’t give financial advice, and I don’t, and this isn’t. But if even old mate Tom reckons shorting might be a bit out there for Commsec, you’ve got to stop and ask yourself some questions. Like “Is this a good idea?” and “What is the meaning of life?” and “Were there one or two editions of the Barina Sportsgirl, because I have some vague recollection of it being available in 1990 but the internet says 1992?” and “Why do I make expensive financial decisions based on the advice of a subreddit full of people who lose as much money as I do?” + +As always, DYOR, GLTAH, FUD, AC PS EFI ABS. + +**What even is short selling anyway?** + +Let’s say your friend owns a well maintained 1992 Barina Sportsgirl. You, an astute follower of the obscure limited edition Aussie classic car market, consider that the Barina Sportgirl market is somewhat overheated, like a badly maintained 1992 Barina Sportsgirl might be on a summer’s day. As such, you think Barina Sportsgirl values are on the way down. + +So you do a deal with your friend. You borrow their Barina Sportsgirl in December 2019 and promise to cruise around in it for a couple of years, looking cool and picking up hotties with excellent taste in cars, after which you will return it (or one just like it, which is where the analogy starts to fail, but let’s assume like economics textbooks would that the free market will supply the necessary quantity of Barina Sportsgirls when you need them). + +But instead, you sell the Barina Sportsgirl for a tidy sum and pocket the cash, betting that Barina Sportsgirls will be cheaper when you need to buy another one for your friend. Should that turn out to be true, you get to pocket the difference and you have made Mad Gains with three rocket emojis. This is known in the options trading literature as the Declining Barina Sportsgirl Price Theory of Short Selling. + +But it is now approaching December 2021 and you are on the hook to supply a Barina Sportsgirl to your friend. Bad news: COVID supply shortages have driven up the price of every used car, and worse, with Holden ceasing to exist at all, the values of all collectable Holdens are also going up. In fact, you now can’t get a Barina Sportsgirl anywhere for love or money, except for one example where the seller Knows What He’s Got Mate, and will brook No Lowballers, and the First To See Will Buy and you’d better hope that’s you because you need to get one and fast. This is a set of circumstances described in the options trading literature as You Are Well Fucked Sunshine, and you are now forced to hand over an extortionate sum to make good on your Barina Sportsgirl Futures Contract. You have lost quite a lot of money on this trade and will have to buy your shorts at Vinnies this summer. + +Short selling shares is a lot like that, but with fewer Barinas and more Z1P and A2M. + +**The company with the most shorts...looks best in summer?** + +Well, no. As short selling is an indication that at least some in the market think your company is overvalued, or at least will be worth less in future, having a lot of short positions against your company suggests your company is about to do what my dog did on the carpet in [the last edition](https://www.reddit.com/r/ASX_Bets/comments/qp8nho/australias_smallest_market_cap_companies_part_11/). And so, today we will look at the small(ish) cap ASX companies with the greatest proportion of short positions against them (as reported on [Marketindex](https://www.marketindex.com.au/), to whom I am indebted for making all of this silliness possible with their well presented data. I am not sponsored by them, but all they need to do is ask, especially if they send me a nice pair of shorts). + +Helpfully, Australia’s seemingly most shorted company is a small cap, in the form of **Kirkland Lake Gold Limited (KLA).** 19.67% of this company’s shares are apparently shorted. Despite the name, this has nothing at all to do with Costco’s fine bulk products, and you won’t be buying gold in large quantities down there at a significant discount. But I must say – looking through recent announcements to find the cause of all this short selling action, I was struck by a press release of such elegant prose, so succinctly written, so beautifully eloquent that Shakespeare would be moved to take a long position at once. After the headline, and a brief opening sentence, it immediately waxes poetic as follows: + +*Key Saddle Zone intercepts(1) : 20.10 gpt(2) over 25.3 m(2), incl(2) 67.02 gpt over 6.0 m and incl 13.82 gpt over 6.3 m; 3.92 gpt over 34.0 m, incl 54.13 gpt over 2.0m; 3.31 gpt over 30.0 m incl 14.50 gpt over 2.0 m and incl 16.18 gpt over 3.0 m; 2.17 gpt over 26.0 m, incl 19.25 gpt over 2.0 m* + +It’s enough to bring a tear to a glass eye. Even the most uninformed investor cannot fail to understand exactly what is being said here. Excuse me, I just need a moment to myself. + +Thanks. Anyway, the next most shorted companies are not very interesting ones like **Flight Centre Limited (FLT)** and **Kogan.com Limited (KGN)** but then comes **Redbubble Limited (RBL),** shorted to the tune of 10.45%. + +But here’s the thing: Redbubble isn’t a small cap at all. It has a market cap of a bit over a billion clams, and is Australia’s 321st largest company by market cap. These are the cats who will print an amusing novelty T-shirt for you…now that says something about how small the ASX really is. + +(We can get them to do our shorts). + +Moving on, I’ll skip past the fact that ASX\_Bets favourite and bagholder creator par excellence **ZIP Co Limited (Z1P)** is also among the top shorted companies (Is this the next Afterpay? Lol no) and move on to…actually there’s a theme here. + +Turns out that there aren’t that many micro/small cap (that is, share price under $1 or market cap under $100m or so) companies being shorted, which probably makes sense (but makes for a poorly considered article theme, I must admit). But - as I move down the list in order of short position percentages, I notice a few other companies that don’t look like being thE NeXt AfTeRpAy either such as **Openpay Group Ltd (OPY), EML Payments Ltd (EML)** (which admittedly seems to be pre-pay), **Humm Group Ltd (HUM),** and **Splitit Payments Ltd (SPT).** It seems the market just isn’t into BNPL type products so much anymore, or has it concluded that Afterpay has the game sewn up and that’s the end of it? Either way, if you’re peddling a BNPL product or stock…don’t call us now, we’ll call you later. And we probably won’t call you. + +Going a looooong way down the list after that looking for something interesting, I get to **Bubs Australia Ltd (BUB)**, which is shorted a relatively small 2.73% (so about the same as FMG). Intrigued, I wandered over to the website and I think I see the problem. + +BUB is a company that makes milk products, and more specifically, infant formula products. Their website shows what looks like a range of happy Mums and toddlers doing wholesome things. But right at the top of the page is a link stating “Breastfeeding is best”. Well there’s your problem – you’re telling your customers that your product isn’t as good! + +I also noted with some consternation a line that said the company was “creating new generations of happy, joyful bubs.” I went to a Catholic school so I’m the first to admit my education in matters of baby creation was somewhat lacking, but it had been taught to me that when a mummy and a daddy (and ONLY that combination, Catholic school remember) love each other very much, that’s what creates new generations of happy, joyful bubs and anything else is a Satanist lie. So I don’t know what sort of terrifying genetically engineered cyborg baby endeavour this mob thinks it’s up to, and frankly I don’t want to know. + +Before we move on, I’ll just mention this company’s interesting history. The ASX blurb notes that it initially listed as Aurifex Mining. It then changed its name to Hillcrest Mining (okay) and then to Hillcrest Litigation Services (so it got out of digging holes and into suing people?!) and then at some point eventually it got into the infant formula caper and here we are. I’m thinking that the change from litigation to infant formula might have been one of those “buy out a dead company and use their ASX listing” things, but the change from mining to suing seems a bit weird. + +Coming soon: LKE conveyancing services, VML personal injury lawyers, and A2M speculative mining. + +Moving a fair way down the list again, I came to **SIV Capital Ltd (SIV)**, perhaps not too badly shorted at 1.48%, but with a sub-$10m market cap. SIV “is focused on long term rentals of commercial equipment to small-to-medium enterprise in the hospitality space”, so maybe there’s a chance that the last teaspoon you used at your local café was leased from SIV in a multi-year teaspoon financing deal. + +(On that note, at my local café, if you buy a muffin to eat in, they bring you a fork and a steak knife to eat it with. Maybe SIV leased them a whole heap of steak knives and my local baristas just don’t know what to do with them all. It’s weird, but the muffins are good even if the coffee isn’t. In fact in the last little while a competitor has opened up around the corner and now I feel vaguely guilty walking past the steak knives café with a coffee from the other place, but that’s capitalism in a competitive economy, baby). + +Anyway, intrigued by the possibilities this business may offer, I clicked through to the [company’s website](https://sivcapital.com.au/) and was greeted with…pretty much nothing. + +The home page is essentially blank other than a few links and whatever comes with the Wordpress template by default. I mean, it’s not absolutely nothing. For instance, the background colour alternates between white and light grey in a not-unattractive subtle stripe pattern, so that’s something. And if you click the button to take you back to the top, nothing happens, because the whole front page comfortably fits on one screen. + +I thought the Shareholder Information link might take me to some, well, shareholder information, and it does in the sense that it points you back to the company’s ASX listing page in a magnificent artefact of circularity. The Corporate Governance page has some useful information, and I am pleased to be able to tell you that having read the company’s Anti-Bribery and Corruption Policy, they are against it. And you can contact them on the link that says that on the label. + +And that’s it. + +I am little the wiser about how this company works, and maybe that’s the way they like it. + +**I am little the wiser for having read today’s edition of this moderately acclaimed series. Anything else?** + +A few things. + +One, I wanted to give a shoutout to all of you who like and post comments against these posts, without which it would be pointless and nowhere near as satisfying for me. I’m glad some of you enjoy reading these as much as I enjoy writing them. + +Two, I wanted to give a shoutout to ASX\_Bets stalwart astute investor u/bigjimbeef in particular, who noted in the comments against [the last edition](https://www.reddit.com/r/ASX_Bets/comments/qp8nho/australias_smallest_market_cap_companies_part_11/) that he was pleased not to see any of his holdings mentioned in this series so far. Long may that continue. + +Third, over in the land of speculating on made up “currencies”, you might enjoy [this post](https://www.reddit.com/r/CryptoCurrency/comments/qz21po/i_spent_at_least_5_at_burger_king_every_day_from/) from a madlad who ate at a particular fast food restaurant every day for a month in the hope of getting some made up coins. It was a very ASX\_Bets thing to do, even if it wasn’t stocks, and he made an appropriate amount of money out of it. + +Finally, I was unable to find any Barina Sportsgirls for sale anywhere in Australia, so hopefully you aren’t on the hook to supply one in a short selling deal gone pear shaped. However, if I did manage to find one, I would be sorely tempted to roll up to a range of Holden car shows in it and park it alongside Brock Commodores and ’68 Monaros and the like. + +Until next time, my dearest astute investors, may your Barinas run magnificently and your portfolio likewise. + +PS – still not a single QUE share traded since 26 May. Not one. +I'm thinking of quitting my current job as I hate it, but only after I get approved for a home loan and move in. Basically after everything is finalized. Trying to get a loan without a job is difficult. + +Would this be considered fraud though? I will still be able to make repayments, and it's very easy to get another job in my field. I wanted to take a month or two off, focus on my mental health/holiday and then get another job, but I wouldn't tell the bank this. + +I do have side income of about 1-2k per month. +*scoffed at me. Dang it, why can't you edit titles 😭 + + +[Here is the album.](https://imgur.com/a/v2Di7XJ) + +Some of them are in my grandmother's handwriting or have weird terms (she used to always say "Oleo", brand name margarine, but now we just use butter). If you have trouble reading or understanding any of these, please give a shout and I'd be happy to explain! + +EDIT: u/francoboy7 was kind enough to enhance the recipes in a printable format in case any of you want to save yourselves the trouble of writing these down longform. [Here is the link to the PDF](https://drive.google.com/file/d/1S96bK4ewqdGA5O3f-zY7ElJSGm6Md6Df/view?usp=sharing&utm_source=share&utm_medium=ios_app) +Like are thwre econometric estimations, or is it something where we can say if our model/utility specification is accurate, er can treat it ordinarily and see if surplus is higher under one scenario vs another +Those who went to do PhD straight from undergrad, how difficult was it to get accustomed to PhD without a master's degree? How big of a jump would it be to go to PhD straight from undergrad? How difficult would a PhD be if I went straight out of undergrad compared to completing a Master's and then going for PhD? +I'm wondering if anyone else has experience in this weird situation. We signed a contract to purchase an investment property, which is owned by a Chinese LLC (didn't know that before we signed.) Original closing date was in April, we asked to push it out to last week to get our LLC bank account lined up, they agreed and then crossed out that date and put in today's date. One of the 2 seller signatories signed the addendum, the other has not. There is a definite language / cultural barrier going on, but essentially the seller's agent told my agent today that they don't want to sell the property anymore. We're hiring an attorney to fight them on this to either close on the property, or to make it so they cannot sell it to anyone else. Any one else have experience with this type of situation or any suggestions as to what else to do? + +EDIT: Florida LLC with Chinese nationals for clarity purposes - appears both reside in China + +Timeline - we signed the contract on 4/7; they signed on 4/9 and 4/12 for a closing date of 4/28; on 4/26 we requested to move the closing date to 5/4, one of the sellers agreed and signed it on 4/28 and he changed the closing date to 5/12, we did not receive this document until 5/10 and signed it even though one of the sellers did not sign it. + +Edit 2: We've been ready to close since the 3rd, the title company told our agent that closing cannot occur as the seller doesn't have a bank account for the LLC to send the proceeds to. This is bizarre as it's a Airbnb type property that we know is rented out almost every week. Hired lawyers and speaking with them in the morning. +I'm currently studying population growth trends. Going just by that, Texas, Florida, and most western states seem like good bets for real estate. Of course, there are other factors such as job growth, wage growth, and laws/regulations which play a significant role in real estate return potential. I'm currently in Chicago, and I'm planning to exit my city due to the poor real estate environment (stagnant population growth, increasing property taxes, laws unfavorable towards landlords, etc). If you had the ability to move anywhere in the US to invest in real estate (specifically renting out single family homes, condos, apartments), where would you go? +Hi all, id like to provide an update to this post i made 5 weeks ago: https://www.reddit.com/r/UKPersonalFinance/comments/ve8nhs/14000_stolen_from_my_account_what_are_my_chances/?utm_medium=android_app&utm_source=share + +As of today Santander has silently refunded the entire sum of money into my account. They did not reach out for any additional information from myself, they did the investigation all in the background. It took exactly 5 weeks (25 working days) + +What a relief! + +What I've learned from this: +Some of this information might be *duh, obvious!* to some, but if you're like me and didn't know, then I hope you can learn from me and not be victim to the same issue: + +1. Do not have your savings account and your current account be the same bank account! +2.Have one savings account and dont regularly use the debit card for this account +3.And only have a moderate sum of money in your regular current account at all times, however much you need to get through a month or two +4. When shopping try to use a credit card, or a 2nd level of protection like PayPal, to protect your debit card information from hackers. These also give you a 2nd company who will fight your case with you. (The credit card company or PayPal)[EDIT: as some commenters have pointed out - maybe not PayPal!] + +If I had followed any of the above steps then I wouldn't have had to go through this ordeal. But fortunately santander had my back and protected me from my own mistakes , eventually + +Happy Friday all. + +Big thanks to everybody who gave me advice and reassurances on the original post. It was a stressful 5 weeks. +Two people put $1000 into the stock market each year. One person picks the lows of the year perfectly, while the other ends up buying at each year's high. + + +[https://www.albertbridgecapital.com/drew-views/2019/1/29/the-futility-of-market-timing](https://www.albertbridgecapital.com/drew-views/2019/1/29/the-futility-of-market-timing) + +&#x200B; + +Turns out that over a long time period, the difference isn't huge. Thoughts? +I’m usually going paycheck to paycheck with either zero or negative but this time, i had $30 left over and then i got paid again and I’m so happy!! + +Cheers to progress! +My parents own a few rental properties and my father put one in my name a few years ago to save some money because obviously I wouldn’t just take it off them. Fast forward a few years - my dad died from cancer and I’m living with my mother and I have an abusive brother who she loves. + +Living with my mother is like living with a target on my back because of my brother. He’s a drug addict and we’ve had several fights throughout the years but now it’s worse because my dad isn’t here. I want to leave asap because living here is seriously putting me down (I can’t get into detail about everything because this post would be massive). + +So the house that’s in my name has tenants in it currently and my mother is the land lord. Obviously I want to move in so unfortunately I’ll have to give them notice but I am not the land lord - my mother is. She refuses to give me any paper work saying I am robbing the house off her and I don’t know what to do next. + +And for some context before I get rinsed for wanting to move into the house that’s in my name - I made my mother 150k throughout the pandemic, and she was going to buy my mother a house because one was in my name, so I don’t know why she’s so against me having mine considering she’s going to buy him one anyway, and he won’t pay a thing (he has a history of stealing money, and he’s just an asshole) + +Thanks +I posted my interpretation yesterday with a pic of RC's Sears tweet, but it got taken down by mods because it was thought to be another redundant sharing. But it wasn't! I think most of the interpretations I've seen of the tweet (it's ARS: annual report to shareholders) or, as u/rensole put it this morning: "it could be how Sears had it's downfall in 2018 [https://www.investopedia.com/news/downfall-of-sears](https://www.investopedia.com/news/downfall-of-sears/) ... or it could be a cheeky reference with the 'Rip Dumb ass' tweet that this is slowly happening to the SHF." + +**None of those explanaitions is satisfying to me.** + +I can see why people thought RC was communicating "ARS" with the pic looking as it does, but **an annual report to shareholders doesn't seem like significant news.** The last [form K-10 that the company filed](https://investor.gamestop.com/node/18661/html) ( u/boomer_here2222 rightly pointed out that it's form 10-K, not K-10. I am ape!) was in March to summarize **fiscal year 2020**, which ended January 30, 2021. That report is DONE for the year, and shouldn't appear until next year. + +We all know there's an annual meeting next week that perhaps could have follow-up material for shareholders (another ~~K-10~~ 10-K? unlikely), but that's not something RC needs to clue us into. We're about to have Q1 results, the followup shareholder call, and then the meeting. Anything they would write down will have already been said/seen. + +**So what is RC saying? What WOULD be significant for us to know?** + +It's just my smooth-brained opinion, but I think "SARS" is what is being communicated in that tweet. It's clear the "E" from SEARS is being removed, and in the process part of the S got destroyed as well. But it's still there. It's just my opinion but SARS is the spicier interpretation. + +Why? + +# SARS = Suspicious Activity Reports + +[https://www.investopedia.com/terms/s/suspicious-activity-report.asp](https://www.investopedia.com/terms/s/suspicious-activity-report.asp) + +It's a [report you file under the Bank Secrecy Act](https://www.occ.treas.gov/topics/supervision-and-examination/bank-operations/financial-crime/suspicious-activity-reports/index-suspicious-activity-reports.html). **It's not readily available for us to find, so the only way we might know is through a clue like the one RC left for us.** He's saying, "I've seen the initial voting numbers and we've filed a report. We're on it." + +"Under the [Bank Secrecy Act](https://www.fincen.gov/resources/statutes-regulations/fincens-mandate-congress) (BSA), financial institutions are required to assist U.S. government agencies in detecting and preventing money laundering, such as: + +* Keep records of cash purchases of negotiable instruments, +* File reports of cash transactions exceeding $10,000 (daily aggregate amount), and +* Report suspicious activity that might signal criminal activity (e.g., money laundering, tax evasion)" + +# Wouldn't it be more helpful to know that GME has filed a suspicious activity report than that it files an annual report to shareholders every March? + +# I think so too. + +🚀🌕💎🤲🐵🍌🍻 + +EDIT 1: additional information + +Check out [https://www.fincen.gov/sites/default/files/sar\_report/sar\_tti\_15.pdf](https://www.fincen.gov/sites/default/files/sar_report/sar_tti_15.pdf) to see how Suspicious Activity Reports are used. I couldn't copy and paste from this doc, but here's a screen shot from p.18 re: shorts. + +https://preview.redd.it/swwsmeoi39371.png?width=2572&format=png&auto=webp&s=9025d98e2c59ae98bb39739e549d28482281dd39 + +EDIT 2: u/A_N3rdy_Guy made a good point that maybe someone with more wrinkles could help us understand. He writes, "So I don't have enough wrinkles to say for sure. But suspicious activity reports are for banks to file, not individual companies. It says so in the link you provided. I work for a bank and have yearly trainings about fraud, and Sars is a topic. I don't deal with fraud day to day so I don't know a ton about them. But I don't think they are used for the type of suspicious activity we are dealing with in the stock world. Somebody may know more about them and can comment. But wanted to offer a counterpoint to look into. " + +My thought: maybe Jeffries filed the report? + +&#x200B; + +EDIT 3: (tagging u/A_N3rdy_Guy) Did some digging and this is what I found on the Thompson-Reuters site regarding SARS: + +[https://legal.thomsonreuters.com/en/insights/articles/what-is-a-suspicious-activity-report](https://legal.thomsonreuters.com/en/insights/articles/what-is-a-suspicious-activity-report) + +## Who can report suspicious activity? + +A suspicious activity report can start with any employee within a financial institution. Employees are generally trained to flag and investigate suspicious activity. For example, if an employee notices an anonymous wire transfer of money out of the country or large amounts of money deposited into an account that had never seen such activity before, they would communicate their findings to supervisors who decide whether to file a report. **While most SARs come from the financial sector, law enforcement, public safety workers, city or state officials, business owners, and even the general public can submit a suspicious activity report.** The report functions in the same way as it does with financial matters. Whether it is a financial matter, or one related to national security, a suspicious activity report ultimately circulates to local, state, and federal agencies through the use of fusion centers. These centers make the information available to whatever other agencies may be affected by the flagged activity. + +&#x200B; + +# EDIT 4: tl;dr: GME likely filed a Suspicious Activity Report after seeing initial voting results. These are most often filed by banks, broker dealers, insurance companies, etc., but can be filed by anyone who suspects illegal financial activity. + +EDIT 5: changed K-10 to 10-K form + +EDIT 6: Also, these seem to validate the idea that SARs can be filed to report short selling abuses: [https://www.sec.gov/enforce/34-89404-s](https://www.sec.gov/enforce/34-89404-s); [https://www.sec.gov/enforce/34-86970-s](https://www.sec.gov/enforce/34-86970-s). + +EDIT 7: via u/xvalid2 Placing here for visibility and more input. I also included my reply to him asking if it's plausible Jeffries/Vanguard/Blackrock could have filed on GME's behalf. + +**from xvalid2:** "I work in BSA/AML and am willing to answer questions. + +Yes, any employee of a financial institution is technically able to file a SAR, though it’s incredibly unlikely that just any employee would file a SAR. You’d have to basically work in BSA/AML/Fraud to even know what info to include in the SAR and where to submit it. + +GameStop as a company wouldn’t be able to file a SAR. Technically, their broker possibly could, though I’m guessing there’s a different route for voting results as you probably wouldn’t file a SAR for that. + +When you file a SAR you would usually have a decent amount of details, such as suspects, accounts, etc. who what when where. + +Filing a SAR is also no guarantee for anything. The amount of SARs filed each day, week, month, is a lot. + +I very much doubt RC filed a SAR for whatever it actually is that is being referenced in the original post. Generally a broker would file a SAR for something like money laundering or fraud, fraud in the sense that someone opened an account with a stolen identity or is trading in an attempt to layer illegal funds. + +I am not putting down the OP, I am just countering the argument. In my opinion it could just be related to the Sears bankruptcy or shorting of Sears." + +**MY REPLY** + +"*This is helpful.* + +*Do you think they could've had Jeffries, Vanguard, or Blackrock file an SAR? It sounds like they might be likely candidates. I saw another post where an ape discovered that Jeffries' two largest stakeholders are Vanguard and Blackrock (both of whom we know are major investors in GME). Maybe there's a coordinated effort to report?"* +Something I've seen in spits and spats here and there throughout my personal investing history, but in dealing with it yet again on another iconic brand I've invested in, it really just smacked me in the face. Many of the most iconic companies in America have no tangible book value, and in fact run a consistently negative one. Just go through some of the aristocrats and you'll see it all over: + +Coca Cola. Pepsi. McDonalds. Johnson and Johnson. IBM. Colgate-Palmolive. AT&T. Kimberly Clark. 3M. Clorox. + +All have negative tangible book value. You'll also notice that for most of these companies, their whole business is in the manufacture/distribution of physical, tangible goods. I've also noticed that for most, this is a relatively recent phenomenon that has gotten worse in the past decade or so. I wouldn't be surprised if this had to do with the ballooning corporate debt that came from lowering rates over that time period. + +Although this is on some level somewhat depressing when making an evaluation of the US economy as a whole -- that is, that many of our most famous and most powerful companies don't really have any raw, tangible value to speak of -- this is simply just the way things are now. + +Another notable piece of information is that the FAANG stocks, which many of us value investors love to degrade, actually have positive TBV and most of their TBV's are growing. Not to mention the typically lower debt figures. + +So it's clear we're in a market of tradeoffs. You've got tech, which is characterized by strong balance sheets and strong growth, but is virtually always overpriced. On the other hand, you've got what we might call the "physical" brands, which upon a deeper inspection actually aren't so physical, at least as far as their finances are concerned, but which tend to run cheaper during times of distress, offering higher real returns without needing to rely on future speculative growth expectations. + +This may be even more of an impetus to stay away from large and mega caps, further bolstering the factor model, which counsels that special attention be paid to smaller stocks with higher (I might refine it to say tangible) book-to-market value. + +Just throwing some things at the wall, since I found this tangible book issue quite interesting. Let me know your thoughts. +I'm new to value investing and am looking for discussions really. + +I've started off buy reading all sorts online, technical analysis, youtube etc etc, but then got stuck into Peter Lynch and Benjamin Graham's books which have put me down the road of value investing. I don't want to shit on other approaches but a lot of trading advice seems like "woo" to me. + +I see a lot of discussion about DCF valuations here and for whatever reason they just don't click in my mind. I'm open to learn though. + +Anyway... + +I've been looking at LMT as a buy and here is why: + +LMT is a "stalwart" it's been around for a long time. Their 10k filings show that their main issues have been obviously COVID 19 and the loss of the trident missile systems from the UK. Perhaps the loss of trident lead to the reduction of their price? Who cares about "because" though. + +The key point is the vast majority of their earnings are from contracts with the US government for their air assets, F35, F22, C-130's and classified items. I cant' see this being something that is going to change any time soon. Thats the gamble I suppose. They have stable and continual growth, they are not big growers but they are growing and are predicted to grow their profits above inflation. They have long term debt but this is reducing over time rather quickly. They also appear to be buying back shares, the last buy back was around the current price. + +The PE ratio is at 13. This is the lower side of the range over the last 5 years + + +The PE ratio kind of fluctuates between 12 and 24. + +I'm looking at the stock and i'm seeing it as good value as an investment. It strikes me as cheap right now. I'm aware insiders have sold however these were at values of around a PE of 18+ in the past. + +Has anyone else looked at the stock? What are your thoughts and are you willing to share your processes? I'm learning from a book and am aware it's decades old, people favour cash flow over earnings here, but I don't get why but am open to hear about it. +Curious to see the community’s opinion on this company. In my eyes, they have the highest quality games to choose from, ranging from 2k, GTA, Red dead, BioShock, Borderlands, and more. They seem to have solid financials, and recurring revenue streams through in-game purchases in 2k, and Rockstar games titles. I also see this being a sleeper in the metaverse industry. If any of you have ever played their games, especially Red Dead Redemption 2, you will understand. The engine the game was created on blows all others away. The game truly immersed you into the Western world, and frankly I see no one else accomplishing this on a large scale level other than Meta. I could potentially see a merger or even just a joint project between the two companies as the first widely accepted “metaverse”. I understand tech stocks can rarely be considered a “value” play, however I believe the immense potential this company has in the metaverse, is a huge catalyst producing even more upside to an already great company. +This week's valuation is Camping World Holdings ("CWH"), a mid-size company with a market cap of just over $2b. + +Its share price was quite volatile in the last 5 years, moving from $40/share to under $5 in March 2020 (the effect of the pandemic), and is now trading at around $25/share. The current dividend yield is a bit over 9%, so that will be addressed in the analysis as well. + +The post will be divided into 6 parts: + +1. Understanding the business +2. Understanding the historical financial performance +3. The 9% dividend payment +4. The balance sheet +5. Laying down some assumptions to value the company +6. Valuing the company based on assumptions significantly different than mine + +&#x200B; + +**What is CWH? - Understanding the business** + +In one sentence, it is a retail company that sells RVs (both new and used ones) and RV-related products and services. It's only operating in the US. + +It provides a breakdown of the revenue in the different segments and I've grouped them into 3 main segments: + +1. Sale of new vehicles - bringing 48% of the revenue in the last twelve months +2. Sale of used vehicles - bringing 24% of the revenue +3. Other - responsible for the remaining 28% of the revenue + +The first two segments are quite self-explanatory and the gross margin is around 25%. The third segment covers everything else, ranging from mechanical breakdown insurance, and roadside assistance plans, to travel protection, financing, etc. However, CWH isn't really providing these services. Here's how the company makes money: + +When it comes to financing and insurance, it connects its RV buyers to insurance companies and companies that provide financing and collects a fee in the process. In this case, the company acts as an agent and the gross margin is 100%, as accounting-wise, that's what is being recorded without any incurred costs. + +For the remaining services, they offer various memberships, but again, in most cases, they're outsourcing the actual service to a third party provided. So, when the RV owner is faced with an unpleasant event, CWH outsources the solution to a third-party provider and pays for the service. The profitability is the difference between the monthly membership (which is recurring) and the actual cost of performing the service. The gross margin for the entire bucket "Other" is around 60% but it ranges between 10-15% for certain services to 100% for insurance/financing (as mentioned above). + +Of course, selling vehicles is crucial as, without that activity, there is nothing to insure/finance. + +&#x200B; + +**Historical financial performance** + +If we look at the revenue, over the last 5 years it grew by 12% annually (on average), from $4,8b in 2018 to $7,1b for the last twelve months ending June 30th, 2022, which seems impressive. + +However, this growth was not organic. The company was involved in various acquisitions, acquiring smaller retail companies (in the same industry), none of the acquisitions was over $150m. During this period, the gross margin improved from 28% to 34%. + +The other operating expenses that CWH needs to cover are the Selling, General & Administrative expenses which were quite stable, ranging between 23% and 24% of the total revenue. + +Taking all of this into account, the company's operating margin improved from 5% in 2018 to 10% in the last twelve months. + +At the beginning of the post, I did mention that its share price went down significantly in March 2020. It took less than 2 months for the share price to rebound. Looking into the financials of the business, it wasn't harmed at all by the pandemic, there was no dip in revenue or margins during the years 2020/2021. + +We have a profitable company with $600-700m in operating profit that is yet to see how it will operate in a more difficult environment (as it's been a public company since 2016). + +The products that are being sold have a very long useful lifetime, roughly 15-20 years. So, the customers of today are not going to be customers tomorrow, next month, or even next year (except for the membership). Also, RVs are generally not high-priority purchases in a high-inflation environment and it could lead to deferred purchases when the cost of living increases faster than the salaries. Of course, unless we count those who can no longer afford to have a house and decide to move and live in an RV. + +&#x200B; + +**The 9% dividend yield** + +Whenever I see a company with a high dividend yield, I always ask the following questions: + +1. Does the company have a long history of paying this level of dividend? +2. Is it sustainable in the long run? + +In the last 5 years, the company has been regularly paying quarterly dividends, however, the amounts were not stable. During 2016-2020, the payments were around $0.08, much lower than the payments of $0.625 in the last 3 quarters. There was one special dividend of $0.77 back in 2020. The company is regularly paying dividends, but it hasn't yet proven that it can deliver this level of dividend for an extended period of time. + +As for the second question, that really depends on how consumer spending changes in the next years. If the sale of new and used RVs declines significantly, then the dividend at this level would not be sustainable. + +&#x200B; + +**The balance sheet** + +There are 3 points to mention when it comes to the balance sheet that I believe are relevant: + +1. **Low cash position** \- The company keeps around $150m in cash at all times which is by no means excess than what makes sense for a business in this industry. They've never had a high cash position, so as they generate excess cash, they're putting it to use. We already know that there's a dividend payment and the company used some of the cash to acquire other smaller retailers, but it's worth mentioning that they're also buying back shares and increased their inventory position significantly, which brings us to the next point. +2. **Increased inventory** \- During the last 18 months, the inventory almost doubled, from $1,1b at the end of 2020, to $2b as of 30th June 2022. This is a record high level and there are arguments for and against having such a high balance. It could be argued that having a wider offering is beneficial for the final customer who's more likely to buy one of their RVs. However, it can be argued that there's a lot more capital now tied in inventory. +3. **High level of debt** \- The only part that I personally really dislike is the high level of debt, that's been there for the entire period and the management hasn't done anything to reduce it. We're talking about an amount of $3.3b (including $900m of leases). Apparently, share buybacks, acquisitions, dividends, and buying a lot of inventory have priority over paying down this insane level of debt. Yes, it is cheap (3.5% on average), but there's $1b due in 12 months. We have already established that the company doesn't have cash, so they'll likely refinance at a higher rate, which isn't great, especially not in today's environment. + +&#x200B; + +So, does having a low cash position mean there's a higher risk of the company going bankrupt? I don't think that's the case for CWH and here's why. Even in an extreme scenario where the company is unprofitable for a couple of years, that doesn't mean it'll lose money. Having high inventory means that the company already paid for a large amount of RVs, so having a sale converts that to cash. Accounting-wise, in the profit and loss statement, the cost of the RV is also recognized (cost of goods sold), however, cash-wise, there is no additional payment. + +&#x200B; + +**Assumptions about the future** + +The analysts are projecting 0% revenue growth in the next coming few years (organically) and it makes sense as this isn't a new fast-growing market. In my model, I've used the following assumptions: + +**Revenue**: 0% growth in the future - not only in the next few years but all the time that comes after that - so fixed at $7,1b + +**Operating margin:** 5% for the next 5 years, then 8% - Although their margin is around 10% at the moment, I'm being conservative in case there's a decrease in demand for their product/services that lasts 5 years. + +**Discount rate:** 8.52% based on WACC, however, this includes an extremely high beta of 2.73 which could be justified by the high financial leverage. Over time, as debt decreases (assuming management focuses on that), WACC decreases to 7%. + +&#x200B; + +Based on these assumptions, the fair value of the company is $1,8b (**$21.53/share)** + +The current market cap is $2,11b ($25.32/share) + +*Note: I have taken into account the cash, debt, and deferred taxes on their balance sheet as well as the outstanding equity options.* + +&#x200B; + +**What if my assumptions are significantly wrong?** + +Based on the assumptions above, the revenue will not groat at all in the next 10 years and the operating margin will be 8%. + +I am aware that my assumptions could be significantly wrong. So, let's take a look at how the value of the company (per share) will change based on different assumptions regarding the revenue 10 years from now and the operating margin: + +&#x200B; + +|Revenue / Op. margin|6%|8%|10%| +|:-|:-|:-|:-| +|0% ($7,1b)|$9.4|$21.5|$33.7| +|28% ($9,1b)|$26.8|$49.6|$72.4| +|45% (10,3b)|$47.3|$82.8|$118.3| + +&#x200B; + +There is a very, very wide range of outcomes, depending on how well/poorly the company performs in the coming period. The probability of the two extremes is very low, but there's still a significant upside if they manage to keep the 8% operating margin. + +This is a type of company that those who are involved in the industry and have some insights into the demand for RVs could definitely benefit from. + +Feel free to share your thoughts on CWH, their offering, the valuation, or anything else that you believe adds value to the analysis. +I’m newer to DCF modeling and valuation. After looking into AFL (Aflac) and ALL (Allstate), these companies seem to be undervalued. I am wondering what your thoughts on these companies are. +I'm in middle management in tech, age early 30s, $150,000 salary. Spouse and I are set to fatFIRE in our late 30s. I will probably reach FI before I have a chance at the C-Suite/SVP. + +How long should I hold out for the C-Suite? How do I know when I'm plateaued or know when I'll peak? +Your markets are run by bots. Now your /r/Asx_bets daily threads are too. + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +Automoderator may provide "Guidance" for Lazy and zero effort posting. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/wsNDGTf5QH) +Your markets are run by bots. Now your /r/Asx_bets daily threads are too. + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) + +Automoderator may provide "Guidance" for Lazy and zero effort posting. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/wsNDGTf5QH) +I don't usually cut my losses, nor have I ever made big losses in my portfolio, holding onto AAA rated balance sheet means fuck all when the stock price keep's getting crushed day after day... I have traded penny stock's and meme stocks, but this is by far one of the worse investment's I have ever held onto. You got to the casino and eventually green will appear, I think in March I did not see one fucking Green day, nor have I have seen a green week since buying my first parcel. + +\*\*If I was to buy BBOZ I would of still came out on top... + +https://preview.redd.it/j65rb7wwyhv61.png?width=1082&format=png&auto=webp&s=c48e53242e8d896cd1070f4b77cd592cb90b26d0 +This is a controversial topic, because quite a few people still stick to the conventional wisdom that you don’t want to “spoil” your kids and make them ungrateful, and they need to go out and “build character” and fend for themselves. + +And for what it’s worth I agree to an extent. Handing your kid a paid off house and a trust fund isn’t necessarily what I’m advocating for. + +But I also do think that some of the older generations are a little out of touch with how different things are now. Sorry, boomers, just getting any white collar job isn’t guaranteed to be enough to afford a nice SFH in your 20s before you get married. Not anymore. + +Suffering is part and parcel of life — but one thing that’s interesting is that Buddhists, who embrace suffering probably more than any other group I can think of, also differentiate between the natural suffering of life and suffering for no good reason. At least that’s how I read their literature — I am not an expert. + +Personally, I want my children to have — as I’ve heard it put — “enough money to do anything, but not enough to do nothing”. Now “anything” might be a bit hyperbolic, but point being, if we get down to brass tacks and get more specific with it, I’d like to have enough money so that: + +- my kids don’t graduate college saddled with debt + +- my kids don’t have to struggle well into their 30s to afford a down payment for a home + +- my kids don’t have to delay having their own children due only to financial reasons + +And thus one of my motivations for FIRE is to build enough wealth that my children won’t have to question whether or not an education is worth it because it is expensive, or question whether or not they can afford to live in a safe neighborhood. Am I making sense here? +As the title says, how does anyone who loves cars (regardless of financial position) justify the depreciation hit and apparent bad decision of buying a new or enthusiast car? + +I'm in a decent position with no debt and an ok job and would love the new BRZ and love cars, but find it hard to pull the trigger and my car is getting on. +I recently refinanced to westpac and its the worst lender by far amongst the 5 i've dealt with in 10 years. + +1- Me & Wife had to visit the branch to apply for loan as personal identification was required + + +2- The we were both asked to visit again because their online system was not showing the documents we already submitted + + +3- Then we are asked to visit again to identify when we opened the offset account + + +4- Then they mixed my personal money & investment money in same account which had made interest deductability near impossible. They are unwilling to fix it. I made a separate post on it on ausfinane. + + +5- Today i made a first transfer to selfwealth ... westpac marked it as suspicious and blocked my online banking... When i called them, they said there is no way they can unblock it .. unless i Personally visit the branch again . The call center person dropped the call when i asked to talk to someone senior + +Is this enough of a case for me to go to financial obdusman ? What are my other options here. Me & Wife are both working full time and can't keep visiting their branch in business hours. +Sup apes + +not financial advice. don't listen to me. + +I'll probably only take up a minute of your time so I'll make it quick. I was gonna do a large post where I show EW analysis on other tickers so you can personally check the validity but I'll save that for another time. + +&#x200B; + +&#x200B; + +[shoutout to the person that made this on twitter](https://preview.redd.it/tvcmoztma9b71.png?width=500&format=png&auto=webp&s=988358b35594679f27fb493b72989ee53ca99403) + +If you don't believe in EW or think I'm fudding or BSing and coming up with random numbers, just don't read lol. Not that hard. I employ you to come up with you own predictive model and share with superstonk. I'm fighting the good fight here. + +To put it bluntly, this is the C phase of the ABC correction from our high in June of 344. In typical EW zig zags, you a and c waves will have a 1:1 relationship, visualized by the yellow. If GME was NORMAL we should have bounced there, as this is the case for 99% of the tickers I actually trade. That's my favorite time to accumulate for the next leg up. However, obviously, we failed that and many more today. + +[1:1 visualized ](https://preview.redd.it/9ds0nl4w89b71.png?width=2812&format=png&auto=webp&s=a3cfa818a1cd2a58d00d13a16470eb35c9788940) + +Naturally, after 1, we have our beloved fib sequence of 1.236, 1.382, then everybody's favorite, the golden ratio, 1.618. + +Visualized below are the above fib ratios measuring the length of our A wave and connecting it to the top of our B wave: + +&#x200B; + +[fibs](https://preview.redd.it/xaduqalz89b71.png?width=2454&format=png&auto=webp&s=1ca901db4e4862bd15384ada23d19de8466bc7a1) + +given that all of the above failed, that leaves us with the 1.618. the golden ratio. + +This is an example of a rare volatile extended zig zag, I've only seen this on (a company that does mortgages with a rocket), but I'm sure if i looked hard enough I could find others. + +Basically, 1.618 has not been tested, and is one of the last possible end of correction candidates. + +Here are some fib retracement targets worth watching as well if you care about getting a good deal: + +&#x200B; + +[.854 at 146.68 not hit, though it is extended past the 154 level](https://preview.redd.it/b1bynt6g99b71.png?width=2608&format=png&auto=webp&s=f494df92035d738e8e68878eb771fdf30890fb03) + +TBH whenever this happens on GME I just ignore and trade normal tickers (I dont sell GME dont worry, make money on other tickers and buy more GME) + +Comparing "normal" tickers to GME in terms of EW is night and day, easiest shit in the world compared to this. I try, and sometimes I may be wrong, and I own it. I only write these to educate and hopefully help you get the best deals. + +That's all, I'm gonna go get drunk and high lol + +TLDR: watch for low of 154.51 tmr to complete C leg of ABC correction, 146.68 if it gets extreme. at the end of the C wave, thus concludes wave 2. No I'm not bullshitting you, no need to message me saying my TA sucks 😊 Hope you bought the discount of the discount 🚀 + +quick edit: 2:1 extension comes down to 122.78 and the trend is still valid, it eeeeez what eeet eeeeez +I have a couple of questions for those smarter than me: + +Say institutions own 20% of all shares, what will happen when we approach 80% DRS of the entire float? +Are their shares already registered/"real"? +Or will they have to DRS or something similar? + +Many thanks in advance! + +🚀🚀🚀 +**BACKGROUND** + +**Introduction**: This post is part of an early-retirement series. Biennial updates will be made around June 1 (near retirement anniversary) and January 1 (end of year finances). As these posts have become increasingly popular based on the number of views and comments, and as my desire to spend nearly an entire day on reddit has significantly waned, my responses might be limited. I’ll try my best to stick around for a bit, but please check comments and posts from previous posts to find answers to potential questions. I genuinely appreciate all of the positive comments, even though I might no longer take the time to say so individually. I apologize if I don’t remember you individually. The usernames and stories run together. Please remind me of a discussion we had or provide a link if it’s relevant to something you want to know. + +**Model**: I wish to maintain a portfolio that began in June 2017 at $1,025,772. My maximum withdrawal rate is 3% of each year’s starting balance, provided that the portfolio remains above $1M. My maximum spending rate is the maximum withdrawal plus income earned outside of employment for the sake of income. Should the portfolio drop below $1M, I will lock back into a maximum $2500/mo ($30k/yr) guardrail withdrawal until the market recovers. I realize that this is not the holy Trinity method, but consider these three factors that give us flexibility: a 3% withdrawal rate is below the 100% historically safe mark of 3.2% for fifty-year portfolio survival, the extended bull market has peaked us more than 20% above our $1M target (meaning that $36k annually is actually a 3% withdrawal rate if restarting from the peak); and our actual withdrawal rate is much less than 3% due to earning additional income and an unexpected $30k windfall in 2018 (placing our actual withdrawal rate well below 1%). The budgeted withdrawal amount for 2019 is $2638/mo or $31,656/yr. In 2017, it was $2564/mo ($2676/mo adjusted for inflation). In 2018, it was $2773/mo ($2834/mo adjusted for inflation). + +**Career**: I am a former retail pharmacist who hated both his job and profession for the following reasons: unacceptable amounts of stress, lack of civility from the general public, capitalism gone amok, fundamental disagreement with the overuse of pharmacotherapy as an answer for underlying health issues, and a severe opiate crisis that few have yet to appreciate. I attended college for eight years to earn a bachelors (1997-2001) and a doctorate (2001-2005) before joining the workforce for nearly twelve years (2005-2017, entirely with CVS). $150k in education costs were covered by academic scholarships ($25k), employment during college ($20k), prior savings from high school employment ($5k), revenue from an eBay business while in college ($10k), and massive help from my parents ($90k). My salary plus compensation went from $115k in 2005 to $150k in 2017. Our savings rate was about 70% on average. + +**Finances**: I retired at the age of 38 on June 6, 2017, the day before the twentieth anniversary of my high school graduation. I am married with no kids and generated over 95% of the family income while employed. We live in LCOL rural TN. Our asset allocation is approximately 60% VTSAX (total US stock market) / 20% VFWAX (total INTL stock market) / 20% VWLUX (US municipal bonds). We also hold roughly $400k in house, land, and belongings not included in the portfolio. My spending model places no dependence upon possible future employment (outside pharmacy?), social security ($10k/yr?), inheritance ($500k?), house equity (reverse mortgage with no heirs?), universal health care (probable?), or universal basic income (possible?). The final balance will be left to charities and worthy causes. + + +**YEAR TWO RECAP** + +**Spending**: Living expenses for the year came to $39,954. This is $7,353 over the targeted amount of $32,601. Our spending was 22.6% over budget for the year and 18.8% over since retirement. We generated $13,263 of income this year mainly from my wife wanting to work part time (not for money). Our investment withdrawal was $26,691 this year, thus our pro-rated, annually-adjusted withdrawal rate was 2.37% for the year, and 0.81% since retirement. Without the additional income stream, our annually-adjusted withdrawal rate would have been 3.68% for the year, and 3.56% since retirement. + +**Investments**: The portfolio went from $1,025,772 (year zero) to $1,146,164 (year one) to $1,138,092 (year two). This is a 0.99% decrease for the year, but a 10.95% increase from the start. Dividends included, VTSAX (60% AA) went up 1.48% this year; VFWAX (20% AA) went down 6.18% this year; VWLUX (20% AA) went up 6.58% this year. Overall, investments went up 0.97% this year. + +**Reflections**: A wild year for the market, but everything seems to be going as planned. We entered year two of early retirement at $1.146M on 6/1, peaked at $1.199M on 9/20, bottomed at $1.008M on 12/24, peaked again at $1.202M on 5/3, and finished back down at $1.138M. I can’t say that I ever gave serious thought to converting stocks to a more stable form of investment, but it did often cross my mind. Sure, I wish I had temporarily jumped out near the market peak, but I’m also glad I didn’t jump out in 2008/2010/2011/2015 when dart throwing monkeys were howling just as loud as ever. I don’t know how this imbecilic and unnecessary trade war nonsense is going to work itself out, but Wall Street definitely views it as imbecilic and entirely unnecessary. What I view as entirely unnecessary is the existence of a representative democracy that allows imbeciles to have an equal say with intellectuals. What I view as intriguing is the thought of wearing an infinity gauntlet, but that’s another story for another day. On the other hand (literally), this whole process doesn’t work without imbeciles, so maybe everyone can stay and report to rehabilitation camps instead. + +**Experiences**: I consider these to be the highlights of my second year in early retirement: ran over 2000 miles, broke three hours in a marathon for the third and fourth time (third one is my current PR at 2:48:30, fourth one was on the toughest road course in the southeast at 2:57:56 which is the course record by over 36 minutes), lowered my half-marathon PR (from 1:25:04 to 1:21:06 in October, then 1:19:57 in February, then 1:19:43 in April which was enough to win the state championship), set a personal record in the 1500m swim (finally getting under 2:00/100yd pace with the help of a wetsuit), took my first solo vacation in many years (went to New Orleans for a day and was bored to tears), played disc golf for the first time in over thirty years (better at this than normal golf), continued to write in my daily journal every single day since retirement without exception (focusing on weird dreams), took up the occasional evisceration of intellectually handicapped people who say stupid things in local facebook groups (no shortage of idiots in this part of the country), tackled all of my CE requirements (including 15 hours of article examinations in 45 minutes – broken system), became a certified volunteer ESL teacher for a semester with a nonprofit program (teaching intermediate level classes in English), volunteered in a voter registration drive at a small library branch (no one showed up), volunteered as a 1:30 pacer in a charity half marathon (always great to offer comedic relief when running at a pace that most people can only dream of), squandered hundreds of hours playing PS4 games (Final Fantasy XII: Zodiac Age, Final Fantasy XV, Dragon Quest XI, Ni No Kuni 2, Spider-Man, Fallout 4, Dragon Age: Inquisition, GTA V, and Persona 5 – I didn’t care much for Red Dead Redemption 2 or God of War – there were others that were quicker plays), increased my count to 650+ movies on TSPDT 1000 (including 430+ of the top 500), collected some more vintage sports cards (pictures of men with moustaches), completed and self-published my sci-fi novella (Remember I Was Vapour), interviewed for and dealt with the fallout from five media articles (more on this below), participated in an apparently abandoned 60-second doc on financial independence (not sure why it was ditched), participated in an apparently abandoned financial pharmacist podcast (perhaps I spent too much time degrading the profession instead of talking about the topic of the show – early retirement, if I recall the topic correctly), applied for and turned down a non-retail pharmacy job offer (applied on a whim and got an offer fifteen minutes later, plus a bad commute and onset of panic), helped my parents do repairs (roof, gutters, tractor, etc.), built a new mailbox (for UPS packages and such), did a lot of litter pickup (before this trendy but wonderful trashtag thing started), made preliminary but detailed itineraries for several future vacations (Japan #2, Japan #3, Denmark/Sweden/Norway, California #2, Portugal/Spain/Morocco, Uganda/Tanzania, Australia/NZ, Egypt/Greece, Finland/Russia, UK, Latin America, SE Asia), dealt with the brief emotional impact of having my best friend from ninth grade commit suicide (I’m fine, but seriously, don’t ask), and celebrated my 40th birthday by doing a blitzkrieg of stuff that I loved growing up. + +**Media**: I was featured in two NYT articles, two Business Insider articles, and one Big Think article. I even created a blog for the sole purpose of getting some amazon click-thru revenue from those NYT articles. Three of my real-life friends saw the first NYT article (style section) without me mentioning it to anyone I know. However those articles failed to include a proper link to my blog because some idiotic web designer didn’t know what the hell he/she was doing. You would not believe the amount of incompetence and the explanations I was getting from that end. Sorry, I don’t feel like reliving it in detail. They eventually fixed their mess, but it was far too late to make a difference for traffic flow. Still, this didn’t stop a legion of people from stalking me on strava and facebook. I had to politely turn away most of the people who wanted to meet up, but I made time for most fellow marathoners, pharmacists, and redditors. Hopefully my fifteen minutes have passed. I might shut down the blog because I don’t really do anything with it. I refused pictures, and I’m glad I did since they successfully made the participants look like total douchebags. And coming from me, that’s saying something. + +**Routine**: Comparing my daily habits in year two compared to pre-retirement, I increased my swimming (currently on hiatus), weightlifting (on hiatus), volunteering (on hiatus), hiking (several treks), movie watching, puzzle solving, family time, housework, yardwork, cooking, kayaking, stargazing, socializing, painting, bowling, videogame playing, reading (20-30 books), writing, studying astronomy, napping, and watching television (Game of Thrones, Arrested Development [new seasons], Cosmos [fifth time], Parts Unknown). Things I failed to make much progress on were learning to play an instrument (lack of talent and interest), improving my Spanish and Japanese (other than ESL class – and I pushed the second three-week Japan vacation back again to 2021), being able to bench press my body weight (tough hill to climb, and running takes all of my energy), helping fight the opiate epidemic in online discussions (dealing with imbecilic addicts who know nothing beyond anecdotes, personal attacks, and fallacious logic is wearisome), reducing internet time (tough to turn away when a particular group is responsible for the moral and intellectual erosion of the country), and deconverting religious adherents (taking a long break). + +**Upcoming**: What lies ahead in year three? I plan on running 3000+ miles and participating in a few more races before leaving competition (including a return to the 10-miler that I placed 50th in four years ago, now with hopes of an overall victory and a nearly certain 40+ category victory). I hope to help a friend of mine earn his first sub-three marathon and subsequently accompany him to Boston in 2020 as my final competitive race, but that’s mostly up to him. I would like to break five minutes for the mile (probably will not happen) and 2:45 for the marathon (should be in the bag on the next attempt). I have indefinitely postponed plans for a triathlon due to a total lack of interest in competitive cycling and swimming (and a lack of preparedness by the guy I was going to participate with). A two week trip to Alaska/Washington/Victoria including an overnight backpack in Denali is coming up very soon. Perhaps there will be another trip somewhere in the spring. I’d like to expand the novella to a novel or convert it to a movie script. I’d like to hit 700 on TSPDT 1000. I’d like to bowl a 600 three-game series. I’d like to solve Rubik’s cube in less than one minute. I’d like to expand my understanding of relativity and quantum theories. I need to find some new things to do because it kinda feels like I’m running out of ideas. I need to get out of the house more. I need to worry about volunteering less and focus more on doing things for myself. I need to worry less in general, but I also want to continue making small improvements to the world. I want to enjoy life. I want to do whatever the fuck I want. And I shall. Right after I finish answering some idiotic questions. +I'm hoping to start discussion on how to plan for eldercare / end of life care when in fatfire territory. + +I remember talking to a former exec of a large nursing home company. They basically told me that anyone who ends up in one of their assisted living / nursing homes is entering into an institution. "I'm sorry", they said, "we try to sugar coat it, but at the end of the day you're being institutionalized. And nobody wants to be institutionalized -- people with money end up just staying home. I know I am." + +Wondering if people agree with that? If you have money and resources, what is the best way to plan out care when it becomes needed -- and how are people factoring this into their retirement plans? +My dad's company can shut down any day. He has worked there for 10 years as a software engineer. He won't tell me why his company might fall apart, and I'm not planning to ask because he's too stressed to care if I know or not. + +Some other information to consider: + +* My mom doesn't make a lot of money. I don't know her income nor my dad's because they find it disrespectful to share, but I do know that we always rely on my dad for financial stuff. Every time we go shopping my mom always has to use my dad's bank account and my dad always takes care of saving up and things like that. +* I have a 13 year old younger brother, and I'm scared there won't be enough money for him when he goes to college. I'm graduating high school in 2 years so I don't have anything to worry about but my brother has 5 more years ahead of him, and that's a lot of years to not save for college. +* We live in San Jose, and you guys should know how expensive it is to live here. For those of you who don't, the median for home costs is $1,083,000, and that's just home costs. +* I am going to college soon, and I live in the U.S. so college costs a bit here. My plan if this happens is to go to a community college in California and then apply to public universities in California that don't cost that much, since public universities in California put people who attended community college here first priority. That way, I can get a good education while saving loads of money. +* I don't have job experience. I don't work, however I do know some friends who do work. +* I look and sound like I'm 10. I'm scared this factor alone scares me because I don't know if this will affect my interviews and my chances of being hired +* My friend and I did start a document explaining what we should sell if we would ever open up a business. I live in walking distance to Eastridge mall so if I invest a bit I can try to see if I can open up somewhere. We're planning to use it as last resort if I don't find a job. +* I'm taking two AP classes and two other hard classes I signed up for next year. I don't know how well I'll be to balance that out if I do get a job. +* I was planning to do the essay portion of the SAT but now I'm not sure. It's $25 +* I draw and have a digital tablet. I can do art commissions if I really really need to. +* I lost my phone about a week ago. My dad tells me he'll buy another one since we signed up for free unlimited data from Sprint, but I don't know if we should. The school year is ending in a week and a half and that's barely any time to go searching for my phone. + +I need suggestions on what I can do to help. I need to know what to prioritize: my future, the bills, and my brother's future. Should I sell things? Should I go looking for a job? I was never exposed to finance, let alone the fact I'm in high school, stressed about finals and my GPA. Should I have a bank account? How much should I save? We don't touch economics until senior year, so I'm basically clueless on what to do. I know I can help, 16 is a good age to learn how to deal with the real world. I just don't know how. I need help; I never seen my dad this stressed out before. Thank you if you can provide me at least some support. + +&#x200B; + +Edit: I didn't think this much people would reply! Thank you so much for the support and advice. I got some information from my cousin since my uncle works at the same union as my dad and basically what's happening is the old boss retired, and the new boss is strict and doesn't do his job right. He once suspended someone who has worked longer than my dad because she explained the right way to do her job. Many people have quit and my dad's in a tight spot cause my uncle got in trouble for something, and there's a lot of projects they work together on. The both of them are planning to quit and find a new job elsewhere, but there's also a chance they could get fired. + +Again thank you guys for everything! I didn't think this much people would care about something like this!! +For every action there is an equal and opposite reaction. + +What we are seeing in the markets, and surprisingly the fact that we are seeing it means it is getting harder to hide, is the same thing the rest of us normals have to deal with. + +We sometimes have to sell assets we don’t want to, to buy time….time that will hopefully bring a different set of circumstances that help us out of a mess we got ourselves into or just because shit happens. + +Kenny Boi has said before he will do anything to just live to another day and you are seeing it play out in real-time. + +Bye bye Kenny Boi…have fun being poor when all the apes are on the moon. +Hi all, + +Not that exciting to most of you, but yesterday I watched while my very first credit spread expired worthless :) Awesome feeling! + +Edit: I should have probably closed my position, but it was very far otm +People holding DAI through this downturn have been just as well off as those holding USD. The largest CDP to date went underwater but the system processed through the $4.5m, just like it was supposed to do, and the price of DAI stayed stable at $1 with > 200% collarteralization +Just wanted to throw it out there that I’ve made my code for a “SwingBot” available on GitHub. Takes some knowledge of R, but I’m trying to make walkthrough videos here and there to help out. + +I’m currently using my setup as a tool to alert myself to significant price drops via Twitter. Once I get the alert I make a manual trade if I want to. + +https://github.com/SwingBotScripts/SwingBot + +Let me know if you get one up and running! +👅TasteNFT👅 +Past 5 days the TasteNFT has seen massive gains, and we are still gearing up for much more! + +Btmart listing happening on the 20th August: +[https://twitter.com/tastenft/status/1427352643203174401?s=19](https://twitter.com/tastenft/status/1427352643203174401?s=19) + +New ATH's incoming! +**See NFT marketplace link below!** +[https://app.tastenfts.com/](https://app.tastenfts.com/) + +Our goal is to establish a Decentralised NFT Marketplace (Open Beta is Live) for the most sensual content available on the blockchain. + +We will be making use of our very own $TASTE token which will be fully integrated into the Marketplace, and can currently be used on our online shop. + +You can buy and resell NFT'S now! + +**See NFT marketplace link below!** +[https://app.tastenfts.com/](https://app.tastenfts.com/) + +**Meet the dev team** in our weekly held videostream AMA's and learn about exciting upcoming news live, you can also **watch the recap of the latest updates**: +[https://www.youtube.com/user/mike2246s/videos](https://www.youtube.com/user/mike2246s/videos) + +➡️ Website: [https://tastenfts.com](https://tastenfts.com/) + +➡️ Telegram: [https://t.me/TasteNFT](https://t.me/TasteNFT) + +➡️ Discord: [https://discord.st/TasteNFT/](https://discord.st/TasteNFT/) + +➡️ Twitter: [https://twitter.com/TasteNFT](https://twitter.com/TasteNFT) + +➡️ CoinMarketCap: [https://coinmarketcap.com/currencies/tastenft/](https://coinmarketcap.com/currencies/tastenft/) + +➡️ Coingecko: [https://www.coingecko.com/en/coins/tastenft](https://www.coingecko.com/en/coins/tastenft) + +💳 Contract: 0xdb238123939637d65a03e4b2b485650b4f9d91cb + +💵 Buy on Pancake v2: [https://exchange.pancakeswap.finance/#/swap?outputCurrency=0xdb238123939637d65a03e4b2b485650b4f9d91cb](https://exchange.pancakeswap.finance/#/swap?outputCurrency=0xdb238123939637d65a03e4b2b485650b4f9d91cb) + +🔒 Liquidity locked for 5 Years: [https://dxsale.app/app/pages/dxlockview?id=1091&add=0&type=lpdefi&chain=BSC](https://dxsale.app/app/pages/dxlockview?id=1091&add=0&type=lpdefi&chain=BSC) + +✅ Paid CertiK audit done ([https://www.certik.org/projects/taste](https://www.certik.org/projects/taste)) + +✅ Paid TechRate audit done ([https://github.com/TechRate/Smart-Contract-Audits/blob/main/TasteNFT%20Full%20Smart%20Contract%20Security%20Audit.pdf](https://github.com/TechRate/Smart-Contract-Audits/blob/main/TasteNFT%20Full%20Smart%20Contract%20Security%20Audit.pdf)) + +**LFG!!** +As most of you are already aware the current situation with FTX is that they have made a super sketchy (and almost certainly illegal) deal with Justin Sun to finance withdrawals from FTX provided they use TRON ecosystem coins for liquidity to do so. + +This means that Justin Sun is essentially offloading coins at a premium on FTX whilst customers desperately buy into shitty liquidity and end up paying way over real market rate for TRX to get as much of their funds off FTX as possible. + + +[4000&#37; spike in tron price on FTX](https://preview.redd.it/gc4do8uxl7z91.png?width=817&format=png&auto=webp&s=7197180f60e8c704243571e846aff6ead27772b9) + +What you're looking at is a **4000%** spike in price of TRON on FTX as people desperately purchase TRON to get their funds off of FTX and Justin Sun dumps on desperate victims of the FTX ponzi scheme. + +This is what market manipulation looks like. + +Apparently the legal and compliance team for FTX quit/were fired yesterday so there isn't anyone to advise them on the shit they are doing. I am not a lawyer but this is not legal. +Whilst they are registered in the Bahamas, regulators in the US are almost certainly looking at this with wide eyes absolutely salivating at the shit show they are about to unleash on SBF and anyone that touched FTX. +https://www.theage.com.au/national/victoria/city-workers-snub-office-return-for-greater-flexibility-at-home-20210208-p570g8.html + +Anecdotally, and therefore entirely scientifically accurate and reliable, we have 2 friends looking for houses and they said they’re looking for an extra room now that working from home will be more normal. +This started as a comment reply but I thought maybe people would like reading it. I've been researching Palantir since literally late November 2020 and I have nearly my entire portfolio in LEAPS expiring January 2023. So I have continually done more research on them this is just the basics to clear up confusion and help people who don't understand it because it's hard to hear all the hype and stuff. Also AMC to the moon tomorrow for my FDs I bought!! Don't judge me it's just fun to be in on the action on weeks like this. + + +So you should think of palantir as basically three companies and they actually are very far from unprofitable. + +They developed the really massive government software (gotham) specifically as a result of an interaction that happened to Peter Thiel while he was at paypal. They were losing millions to foreign scammers at paypal and the solution ended up being a high quality algorithm that flagged the most likely scam transactions and then allowed analysts to efficiently double check and verify the real scam transactions. + + It essentially was using what computers are efficient at (sorting through massive amounts of data) and then combining that with what humans are good at (looking at the more complex nuances that at least at that point computer algorithms were incapable of doing) and augmenting the humans ability to make complex decisions by rapidly sorting through the incoming data and bringing everything good to their attention. + +They fixed paypals using this method and literally made the company profitable overnight because of fixing how much they were losing in the scam transactions. The FBI contacted PayPal and Thiel about using that initial software. That was literally his inspiration for what would become Palantir. He goes over it in huge detail in his book zero to one. If you make an audible account you can read it for free and find the chapter I'm talking about. + +Then for 15 years they perfected the government software into the absolute nearly monopoly it is now in government intelligence augmentation software. The whole time though they reinvested almost everything for the last 10 years into building the commercial software (Foundry). That side of the business has only been live for a VERY short time and initially they literally didn't spend a single dollar on marketing their first commercial clients sought THEM out because of their insane reputation with the government. Foundry helps with supply chains and all kinds of other important data insights. But if you want a recent example the NIH and the NHS both used Foundry to figure out how to best distribute the vaccine and vaccine distribution in the US and Britain has far outpaced expectations. You think commercial companies aren't going to be interested in using the software that was literally proven on a level like that? + + They're only just now adding huge amounts of people to their sales teams literally in the last six months which if you read Peter thiels book is insane for the stock because they have this crazy long term plan and he literally talks about how when they get to a certain point and start adding sales as a full sector of the company it means that is the company the company plans to BEGIN scaling. Meaning they're this big and they literally only just started on the scaling part. Which they've also said in tons of interviews if you're a die hard Palantirian like me. + + + +They actually also have the third side of the business which is their actual like full AI for weaponization and war and defense for the government. Gotham is like helping analysts and commanders lead and even helping police or agents figure out what's going on. This other software is different. It's called Apollo and its only at the beginning too. It's like pure AI machine learning AI handles everything stuff. Go find a video called pentagon head of NSC briefs public on AI I think it's on the PBS channel on YouTube or some shit. Or you can listen to Joe Biden talk about how we're going to double our percentage of gdp spending on AI. The amount of government money that's going to go into AI as a weapon to compete with China DWARFS peoples expectations of how much large the market for the kind of software palantir makes is. + +https://www.businesswire.com/news/home/20201001005334/en/U.S.-Army-Research-Lab-Selects-Palantir-Technologies-Inc.-for-91M-Artificial-Intelligence-and-Machine-Learning-Development + +This is literally the backbone of everything AI that the government is about to invest in. Sure they're going to experiment with other research but if you do research you'll also find Palantir is the ONLY company that does anything remotely like this software that has anywhere near the kind of clearances like what is required for these contracts. They are currently a clearance level 5 and about to be the highest 6. The closest competitors are almost all a 3 or lower I'm not even sure if there's more than a single 4 and that stuff is crazy hard to get. + +But like again I'm an obsessive. I realize why people get so excited about the commercial side scaling and how it's very possible and can make them huge and it will. But I'm actually pretty sure the reason people like Cathy Wood has such a huge boner for them is that she realizes how MASSIVELY. And I mean MASSIVELY underestimated the amount of government revenue they will get from all this AI investing the United States and NATO are about to do. It's literally the next Manhattan project and they're absolutely going to be one of the biggest players developing it if not the biggest. I think it's funny because most people are pretty disinterested in the government stuff for Palantir but i really think the weaponized AI apollo stuff may be as big as anything could ever be. + + + + +Also people got the insider selling stuff very very wrong. Tom Nash (love him or hate him I don't care) has a few really good recent videos where he explains it in basically full detail what was happening. The selling panicked a lot of retail investors during a time when the buying for growth markets had really slowed because of rate hike due to inflation scares and a ton of retail holders got scared and caused more selling and more people got scared because of that and sold and it really just was mass psychology in effect and a LOT of FUD and confusion. + +Basically a few executives karp in particular got billions of dollars worth of options that vest but literally expire so you have to exercise them which means you buy shares of the company at a strike price. Well because it's the company granting shares the strike price is literally 10 cents or something and these automatically have to vest at quarterly increments. So everytime karp was exercising he's actually buying shares. Like over 150 million in total maybe a lot more million SHARES not dollars. shares. And even those when he exercising he's buying shares technically from the company it ALL counts as profit on taxes and ITS NOT LONG TERM CAP GAINS ELIGIBLE. So over the last year plus this year he's essentially getting shares but the literal dollar value of those shares to the government counts as pure profit. So his total income which he's getting taxed at 40% of is in the BILLIONS yes billions. Because that's a lot to handle people that work for them actually automatically schedule sells of shares to cover the taxes so that there's no issue it's not even like him saying sell today and they do this.... TO AVOID ANY POSSIBLE ACCUSATION OF INSIDER SELLING TO THE SEC. That's why it's automatically happening so no one can ever claim he's timing it. + +So listen cause here's where it gets important. The exercising of the shares counts as almost pure profits but remember he's receiving SHARES not dollars he doesn't actually get billions of dollars. So has to then sell SOME of the shares so he can pays taxes on that. Then when he sells the shares to pay the taxes for exercising he actually owes even more money if they went up from when he exercised. So everytime he's selling low its actually good for him because it's less ADDITIONAL PROFIT that he would owe taxes on. + + If he wasn't selling its because he thought it would go down even further and then he would actually owe less taxes overall. So if he thought it was going to tank he'd wait and actually get a nice fat discount on his taxes. + +I know this seems really crazy but I promise that's how it works you can look it up in detail but yeah shocking that mainstream media and redditors/youtubers who barely do research and have no real understanding of how these billion dollar compensations work would get it wrong. Unbelievable I know. If he had actually sold the massive overall percentage of his shares that some people claim he did the company would be at like $3-6 dollars not low 20s. Retail got confused because of market pressured due to interest rate fears from inflation and sold low (like retail always does) to institutions. +I genuinely wonder this. Before everyone thinks ok boomer or that I'm some value investor dumping my entire net worth into BABA I'm not. I'm asking on a theoretical level. + +In the past, valuations and fundamentals have mattered because the big institutions and the average retail investor thought they mattered. Even algos, which on some level were active at the onset of the 80's were programmed and directed to sell off stock when the valuation became too absurd. + +But when I look at the Rivians and Nikolas of the world I start to think maybe they're just a symptom of the larger mentality of the market, including institutions, including the algos that are programmed by humans that have normal human biases. + +Theoretically, if the larger consensus of the market.. from institutions to retail to the programmers making algos, was that only future potential growth mattered and nothing else, wouldn't that theoretically mean that only growth and hype stocks would have growth and interest forever? + +I mean on a purely theoretical level, if we reached a point where it was a consensus by the vast majority of investors from all levels and backgrounds was that speculation and growth wins the day, wouldn't the market reflect that? + +What I mean to say is the market can be a reflection of the risk appetite of the broad spectrum of humans investing and trading in it, and if that were to slowly shift would it be possible that value stocks or old blue chips are largely forgotten forever, or have a bad return versus hype/speculation/growth moving forward? + +If no one is a Warren Buffett anymore, why would Warren Buffett-esque stocks have any market beating returns? No one would invest in them (on a level compared to hype/speculation stocks). They'd just theoretically sit there at low valuations forever paying out dividends and what not, with their only real growth being from stock buy backs. + +Just a musing I had. +A while back I talked to several older family members who are well off. Well off meaning they have over $1 million dollars in investments. As I talked to them about how they got there I found out they have average but well jobs, they saved and invested regularly and the most interesting part is they all had 100% in equities. + +When I asked why as they were all over 50 they told me because to get the best return you have to be in all equities. + + (Me think thinking: yeah that’s true but...) + +Then they continued and said; I know every year I will likely see a correction of 10% and it will bounce back and I know every 5-10 years I will see a correction of 30% and will bounce back. + +So it got me thinking, yeah that’s true, I mean as long as your timeframe makes sense and you understand and are comfortable with the risk (risk being the ups and downs in a diversified portfolio). + +To add more clarity to their situation: they have plenty of cash for day to day expenses, emergencies (3 months ), they own real estate and have mortgages. Stable jobs. + + +Flash forward 10 years and I still follow their advice and honestly I have no complaints. I understand that at any point a 30% drop can happen, and as long as I leave it alone I am good. + +Anyone else have a 100% equity portfolio ? Agree, disagree? +My wife (31F) and I (30M) are both physicians. I finished in 2020 and have 259k in loans left to repay. I am currently making around 400k/year. My wife just finished her residency with an additional 250k in loans and has basically decided that she can't do it anymore. Medicine has made her nothing but miserable and has wrecked her mental health. It finally got to the point where we had to decide if it was worth it for her to continue, and we ultimately decided her happiness was worth more. +And yes we are addressing her mental health issues with therapy, professional help, etc. It does go beyond career and work, she has had issues with depression throughout life but it became severe throughout residency. + +Obviously, I'm supporting her in this decision but I would be lying if I said it hasn't brought me an insane amount of financial anxiety. She has 250k in loans as well and was on track to be an ER physician, same as I, where she would also be able to make around 400k a year. The plan was always for us to both work full time to start off so we could pay it off asap, and then cut back a bit but work aggressively towards retirement and enjoy a semi early retirement, without having to bust our asses along the way. + + +Now, I'm trying to figure out how our financial goals will be impacted by this change of plans. On one hand, I know that my own salary is sufficient to live a comfortable life style and I am not trying to sound ungrateful for my own income. But on the other hand, when I try to break it down into what this will actually change it really starts to seem less optimistic. From the way I see it: + +- we are losing massive income potential obviously from wife's earnings over life + + +- we are losing potential investment earnings with wife's theoretical earnings + + +- losing wife's 401k retirement plan and company match + + +- we are losing the potential of my income that could have gone towards investments which will now have to first go towards paying off her loans too for many years + + +- I'm losing the value of time with how much longer I'll have to work now. + + +When I think of it like this, it seems like this will delay our ability to retire by at least 10 years if not more. Is that an accurate estimate? + +I know i could be in worse situations, but honestly it sucks. I basically gave up my college years and my 20s and worked my ass off to get to this point, as did my wife. Now we're in our 30s and the light at the end of the tunnel was supposed to be that our earnings would offset some of that missed opportunity and will also allow a very comfortable lifestyle and will allow us to retire early. Kinda feels like I got to this point now just to keep working harder with no real payoff in the foreseeable future. ER work is not easy, and I already am starting to feel burnt out. Doing 10 to 15 more years than I planned of this seems horrendous if I'm being honest. + +Strategies I have thought of so far include: + + +-paying bare minimum on our loans and waiting 25 years to be forgiven + + +-wife has a private disability policy she started in residency which covers psychiatric illness. She has not been formally diagnosed but we're both doctors and know 100% that she is depressed. IIRC though, she would only be eligible for 2 years of disability from something like this though + + +-have her declare bankruptcy individually and try to get some loans forgiven. Her credit score doesn't really matter as much since I pay for everything and everything is in my name. But I also don't know if a judge would consider her situation as a hardship considering my income. + + +-pumping 100k into the next meme crypto coin and getting lucky. Jk. Kinda. + + +Obviously her working a different job would be an obvious alternative solution, and we haven't written it off yet but long story short answer to that is - it's hard at the moment for her to envision doing anything at all due to the severe depression she's in. She has zero career oriented passion or desires. Hoping therapy will help. + + +Any advice would be appreciated and thanks in advance. + + +EDIT: + +I just wanted to thank everyone for the advice. I've read through pretty much every comment and appreciate all the different angles and insight. As someone suggested, I will probably seek therapy for myself too, to help sort out some of the emotions and anxiety I've been feeling about all of this. I also have a lot of hope from seeing other people in similar situations that worked out just fine. Will try to respond individually at some point to some comments but just wanted to say thanks to all. +I am in the VERY early stages of looking into building a solar farm with some other investors and using the 26% tax credit to reduce a large ( seven figure) tax liability I will have in 2021. Has anyone here done this before or looked into it? I understand that the initial investment in land , build out, and equipment will require a heavy capital investment. I am pretty sure we can get very favorable financing terms so we don't have to lay out millions to get the site built. What other pitfalls do you see? Thanks in advance for your insights. ( I am including a link below for anyone who has never heard of this....) + +[https://www.seia.org/initiatives/solar-investment-tax-credit-itc](https://www.seia.org/initiatives/solar-investment-tax-credit-itc) +Welcome to the Community Discussion thread of r/EthTrader. + +This thread is a place for community meta discussion - to learn or make suggestions for how community members could be better served. Donuts are a welcome topic here as is non-donut related discussion. + +--- + +[Run a full ethereum node on Raspberry Pi](https://www.reddit.com/r/ethtrader/comments/egepl2/ethbian_full_ethereum_node_on_raspberry_pi_4/) + +--- +[Previous weekly thread](https://reddit.com/r/ethtrader/comments/e5zqvg/weekly_community_discussion_december_4_2019/). +Welcome to the Community Discussion thread of r/EthTrader. + +This thread is a place for community meta discussion - to learn or make suggestions for how community members could be better served. Donuts are a welcome topic here as is non-donut related discussion. + +--- + +[Run a full ethereum node on Raspberry Pi](https://www.reddit.com/r/ethtrader/comments/egepl2/ethbian_full_ethereum_node_on_raspberry_pi_4/) + +--- +[Previous weekly thread](https://reddit.com/r/ethtrader/comments/e5zqvg/weekly_community_discussion_december_4_2019/). +I'm in Arizona and it sure seems like buying a property to rent out isn't a very good deal these days. Potential deal is 375k asking price. Property needs 30k in repairs. Even if I could get property for $300k and put the $30k cash into it and then refinance it into a 30 year mortgage and leaving 66k principal on the property the mortgage payment taxes and insurance is 1828 a month Rent on the property would be 2100 a month or so. Just seems like a crappy return on investment. Thoughts? +Im a math and stats major and going into stats PhD. I’m good with Python and java and have taken some CS classes but idk if thats enough. Should I drop my stats major and pick up CS instead in undergrad (you dont need a stats undergrad for a stats PhD program, just math)? + +I’ll also be doing as many summer internships over the years as possible. +Hey everyone, I have been building trading bots for a couple of years now but I’ve been afraid of diving into machine learning because of my terrible foundation in math.. I guess my two questions are: do I really need math to get started with machine learning on python AND what type of machine learning is commonly used for algo trading? Thanks in advance! +Hi guys, good day to all! + + +I am not sure whether has this post be created before, sorry in advance if there are people who've asked about this. To people who day trades everyday, do you guys stop trading immediately after hitting your target? + + +For example, $500 per day as a target. Do you all stop after profiting $500, and go do your own things/chores? Or do you guys still sit in front of the computer and monitoring the market? + + +I appreciate if I can get feedbacks from you guys! Thanks =) +💥Welcome to CumRocket💥 + +♻️CumRocket is a reflective token with BIG PLANS on BSC♻️ + +💦With CumRocket, you are rewarded based on how long you can hold your load 💦 + +💸Just sit back, relax, and watch your CUMMIES automatically increase 👀 + +🥵The top 3 holders at the end of release day get an EXCLUSIVE FREE ANIME WAIFU NFT! Plus more NFT giveaways every week - can you collect all of the CumRocket Babes?🥵 + +✔️Originally forked from FEG code, with a few tweaks made by a female developer with a degree in software engineering who is also a KYC tiktok influencer‼️ + +✔️Each transaction has a 5% fee: + +- 2.5% is redistributed to all the current holders, in proportion to their current holdings 🤝 + +-2.5% will be burned for life, thus decreasing the total supply of the token, making it more scarce overtime 🔥 + +✔️This inversely-proportional relationship constitutes a supply and demand model. There is also no limit as to how many tokens can be burnt, making CUMMIES more & more scarce with every transaction! + + +PANCAKESWAP: +https://exchange.pancakeswap.finance/#/swap?outputCurrency=0x27Ae27110350B98d564b9A3eeD31bAeBc82d878d + +CHART: +https://poocoin.app/tokens/0x27Ae27110350B98d564b9A3eeD31bAeBc82d878d +🔥BURNED DEV TOKENS - https://bscscan.com/tx/0x218a6bf38ab8443e9e6c2d59c45432ceccffeba1ae9e36eb6296b7203496b4e9 + +EVENT: + +THE TOP 3 HOLDERS AFTER THIS 24 HOUR PERIOD GETS OUR FIRST EXCLUSIVE ANIME WAIFU NFT!!! 💦 +WE ARE MINITING A WHOLE COLLECTION OF CUMROCKET BABES FOR YOU TO COLLECT AND WIN THROUGH GIVEAWAYS! 💦 + +💦Website - https://cumrocketcrypto.com +💦Telegram - https://t.me/cumrocket +💦Discord - https://discord.gg/Tett4kJsKN +💦Twitter - https://twitter.com/CumRocketCrypto +Hi All, + +Just thought I would share my experience in regards to backtesting + forwardtesting. + +I had come up with a fully systematic way of trading i.e I can teach this to my 6 year old and while he might make some errors in terms of executions and such, I doubt he would have too much trouble identifying the setups because they are visual patterns that need to occur in a sequence. Point being, its simple and 0% discretionary which is good for me as I plan to develop more ideas like this and potentially learn programming in the future so that I can make them into bots. + +I began by backtesting this process over the course of a few months and settled on getting about 5000 observations as the strategy churns out about 100 trades per year per pair and I trade 35 pairs.The reasoning behind that number is so that I have a healthy sample size that has a low deviation so that roughly what it performs like in the backtests is what I MAY be able to expect going forward. I also pulled data from different months of different years etc (I think this is out of sample testing? not sure). + +The results for the tests were as follows :46% WR with an average RR of 1.51:1 (fixed) over 5000 trades.The expectancy for this is (0.46\*1.51)-(0.54\*1) = 0.1546For anyone that may not understand this, you can then multiply that number by the amount of trades you expect to take within a given period and that will give you your expected R gain, which you can multiple by your % risk per trade (mine is fixed at 0.5% - may decrease this to 0.25% in the future on a bigger account) eg I expect 3500 trades a year x 0.1546 = 541.1R gain. This doesnt take into account fees, which I have calculated out to be about 2% of the total trades = 3500 x \~2% = 70R. So % can be predicted out to (541.1R-70R) x 0.5% risk = 235.55% ROI. + +The results seemed abit too good so I decided to take them to the live market on a 5k live account in order to see how it may/may not hold up. + +I trades from Dec 3-Dec 31 and below are the comparisons to the backtest: + +[https://imgur.com/a/YzNy0Lf](https://imgur.com/a/YzNy0Lf) + +All in all, very happy with the results but expecting a regression at some point as the strategy is over-performing. The best part about this whole thing is that the strategy is nowhere near a pain to execute because it's visual + takes on average a few hours for setups to occur (there are very few exceptions to this like the ones where I took a late entry on because it occurred too fast and I was outdoors at the time). Through the use of alerts+flagging system on tradingview, its pretty easy to stay upto date. + +The final piece, proof for anyone who needs it. I will have to mark this as PnL related. The second account is because Oanda dont allow you to open both a buy and sell on the same account at the same time, so I have a second 5k account in order to take the other side if the setup occurs on both ends. + +Main account :[https://imgur.com/a/i8ges0Y](https://imgur.com/a/i8ges0Y) + +Second account :[https://imgur.com/a/my5ARAD](https://imgur.com/a/my5ARAD) + +&#x200B; + +I would give out the links to the 2 accounts but Im not sure you are allowed to + when I try to change from private to public I get the below error (I have contacted them about this): +[https://imgur.com/a/Gil4PAN](https://imgur.com/a/Gil4PAN) + +Hopefully this will encourage people to do more backtesting and developing a data set behind what they take to live markets. It really helps. + +Happy holidays! +A lot of folks ask a lot of questions in /r/personalfinance on a daily basis about “I inherited $X…”, “We have saved $X…”, “What should I do with $X amount from my tax refund…”. All these boil down to the same question: “What should I do with $X” or, more basically, “How should I handle my money?” + +And the #1 answer is: read [the Prime Directive](https://www.reddit.com/r/personalfinance/wiki/commontopics). The sidebar contains a bunch of valuable links, but probably none as important and oft-referenced as the Prime Directive, a wiki which tells you in step-by-step format (and even has infographic [here](https://i.imgur.com/lSoUQr2.png) and a simpler version [here](https://i.imgur.com/fb7Dtmh.png)!) *exactly* what to do with any amount of money you may have. + +Some dispute its effectiveness and why some shouldn’t follow it (emotion, risk tolerance, increased cash flow, etc.), but the fact of the matter is that **following the prime directive in the order listed will generally yield you the most bang for your buck** (read: the least amount in your money paid to other parties / the most amount of your money kept, and the best strategy for earning more money with that money). + +While the wiki does a great job of explaining exactly what to do and in which order to do it, there are also some pretty valid reasons as to ***WHY*** you should do it in the order listed (some of which are explained in the wiki and some of which aren’t). I’d like to take a second and elaborate on the ones that make the most sense to me (and hopefully others) below. + +----- + +***Note: this is by no means an exhaustive list nor a 100% correct one, but just my thoughts on the matter, and I’ll edit it with additional info as/if other comments come in.*** + +----- + +#Question: “Why should I…” + +#Step 0: Budget and reduce expenses, set realistic goals + +**Answer: to know how best to spend your money, you need to know where your money is going in the first place.** Budgeting allows you to see where you’re spending your money and allows you to see where you can cut back and reallocate funds towards the higher steps listed here for the most efficient use of the funds you have. + +#Step 1: Build an emergency fund + +**Answer: to ensure real emergencies don't become financial emergencies.** If something unexpected comes your way (job loss, home/car maintenance, unexpected travel, medical emergencies, etc.), you don’t have to worry about what credit-affecting monthly minimum you'll have to forego. You’ll have the financial security of knowing that you have quick access to funds that will allow you to at least pay for your minimum necessities: utilities, rent/mortgage payment, car payment, monthly minimum credit card payments, etc. + +#Step 2: (Take advantage of) employer-sponsored matching funds + +**Answer: it’s free money.** If you’re lucky enough that your company offers you a retirement savings plan and even more lucky enough that they also match it, you should take full advantage of that match. But, getting to the heart of it, the number one thing I see is folks questioning “Why should I do this before paying down my debt?” Short answer, again: it’s free money. Long answer: whatever the match rate your employer is offering you is a guaranteed return on investment (ROI), and one that’s likely a far better ROI than paying off that 5% car loan, or a 4% mortgage, or even paying down that 15% credit card balance you’re holding. (Note: by paying off a debt amount at X%, that's a guaranteed return on investment of X% on that same amount, so it can be compared to the ROI you would receive elsewhere in other investments.) + +For example, as my employer does, if your employer matches 25% of your contributions up to $4000 and you contribute that max of $4000 each year, your employer is simply handing you another $1000 in free money every year. That’s a guaranteed 25% ROI (not to mention the gains that money will have in the market over time), versus with the ROIs just mentioned. + +Hell, even if you don't invest a penny of it and/or it's a matching HSA contribution or something similar, it's still likely a higher ROI than if you were using that money to pay down debt that's at a lower interest rate than the match rate. + +#Step 3: Pay down high-interest debts + +**Answer: because of the stock market.** This is the step that probably makes the least sense to folks and leaves them asking “Why just my high-interest debts?” The long answer: the benefit of paying off low-interest debts (commonly referred to as anything with <=4% interest rate, though I’d personally suggest and use a figure closer to 5-6%) is generally probably not going to outperform the ROI you would get if you put that money in to the stock market which has a historical average return of ~7%. So, essentially, the money saved by paying off that 3% loan when you could have invested that money at (at least) 7% (and thus yielded a 4% net gain, or 7% - 3%) isn’t the most beneficial choice financially. + +However, queue the often-stated disclaimer of “Past performance is no indication of future results.” and to quote the Prime Directive specifically: “While this has been true in the past, keep in mind that paying down a loan is a guaranteed return at the loan's interest rate. Stock performance is anything but guaranteed.” Basically, that means to invest at your own risk: a 7%+ return is no guarantee, which leads some to have some doubts and modify this step to pay off ALL debts prior to investing further, which generally isn't the most financially beneficial thing to do. + +#Step 4: Contribute to an IRA +#Step 5: Save more for retirement +#Step 6: Save for other goals + +**Answer: again, because of the stock market.** Same as above, the money invested is likely still going to yield a higher ROI than using that same money to pay down low-interest debts. There are far more details as to how and in what exact order you should perform steps 4 and 5 (generally, max out tax-advantaged account before taxable accounts) that I won’t go into here but feel free to read more about it [here](https://www.reddit.com/r/personalfinance/wiki/commontopics#wiki_step_5.3A_save_more_for_retirement). + +Beyond that (and sort of mixed in with the previous two steps), it’s generally debatable and discretionary as how you should spend: sock it away in an HSA if you have health problems or a growing family, a 529 if you have children that will go to college, pay off the low-interest debt if you have a low risk-tolerance, contribute to taxable investment accounts, sock it away in a high-yield savings account, etc. + +-------- + +**Edit 1:** There's been a ton of requests for non-US versions of this. The answer: [it's in the Prime Directive](https://www.reddit.com/r/personalfinance/wiki/commontopics#wiki_non-us_versions)! +My Family is emotionally abusive and I was planning on moving out but didnt expect it so abruptly and soon. Im currently sleeping at a friend's couch and I am safe for now. I'm trying to file my taxes so I can ensure I get the stimulus check but till then I dont know what to do. I have 0 credit no debt and am currently two hours from any major town. There are little to no jobs and im just trying to land on my feet but I think this is the worst possible time to be on my own. + +I was thinking of moving to a major city because there I would get more support for being homeless and more possibility of jobs, but I think everything is shut down regardless. I just got a job at a grocery chain and im trying to sell my gaming setup to maybe buy a tent so I can get to work for acouple weeks till I can make a deposit on a apartment from selling my gaming rig hopefully. Im a girl so im trying to avoid the streets but honestly dont know how this all will work out. + +I'll take any and all advice because im feeling hopeless and just want to get out of these rough times so I can go back to school in August and study for my lifetime dream. Im scared and dont know what to do. + +Thanks. + +**Edit** for those asking im in Texas. + +Been trying to read every comment and pretty much have been crying cause I thought I was alone and the fact that there are people out there who care when I've been taught so differently has made me have hope again in humanity. It's 7 am and I should probs go to bed. The plan is to file taxes, start the process of applying to food stamps and finish the day with just job searching. Once Monday hits im going to start calling to see what I can do. I'm determined to not end up as a statistic or get lost to the system and fight for my education. Thank you. + +**Edit 2** I woke up and this blew up. Holy. +Thank you guys so much after two hours I just finished responding to most pms and chats. I am copying and pasting alot of the advice in this thread to a google doc so I can work on that. Im replying to more dm's if anything but im trying to read every comment since you guys have made me realize im not alone. I grew up in a household that taught me no one cares about your problems and never ask for help and today I have realized that is so wrong. Ive been crying because it's been this subreddit that has given me motivation to keep going and made me realize there really is faith in humanity. Thank you. +The Kanye love, the Elon lust, the worship of billionaires and huge corporations that treat their employees like shit. This sub constantly has content to which I am diametrically opposed. + +That is while we will win. This movement has people from all over the political and social spectrum. + +I don't know any other movement with this kind of coverage across lines that would otherwise be staunchly drawn in the sand. + +This is because the ground work has been laid by the brilliant. The foundation set by the determined and the rocket has been in production by the masses for the last two years. When it soars it'll roar across the sky. + +When you make it don't become one of them, remember where you came from. Until then Hold. + +Edit: +Real classy using the suicide report bot to "troll" me. +I’ve never invested before but I’m very interested in it and it’s something I’d like to learn more about. + +I’m currently a student so I don’t have a large amount of disposable income. + +I was wondering if investing very small amounts, like around £10 is worth it just to practice and observe what happens. + +Let me know what you think + +I’m also open to suggestions about how to get into investing using other methods +Well that EOD rally fucked me in the ass. How’s it going everyone, as always, I hope all of you make tendies this week. Bulls and bears alike, but now it’s time to collect the debts. + +# BAN + +1. u/24058025480548 gets banned for calling DOW +500 on Monday. +2. u/choose_a_use gets banned for predicting a Fed statement on March 12 +3. u/Mettatoogan gets banned for predicting that Monday will be ended green. +4. u/Rum114 gets banned because I didn’t see boob. (It’s complicated) + +# DEBTS + +5) u/TrenAndOptions will have a vasectomy as Friday ended green. + +6) u/arcangeltx needs to paint hidden mickeys throughout his house as Disney drops between 95 on Friday. + +7) u/ofmachines- needs to lick his butt as Monday opened green. + +8) u/drewthegoat3 needs to eat toothpaste out of his girlfriend’s ass as March 11 ended red. + +# PRIVATE DEBTS + +These are the ones between two individuals + +~~9) u/mrbillsonsdad gets to knock u/acos12 the fuck out~~ Settled + +# ON-GOING + +10) u/brk1sb betted his life on SPY reaching 240 by 3/31. + +11) u/duhpolan’s friend will eat his pubes if SPY reaches 220 by 3/20, I’ll assume he is responsible for upkeeping this promise since we can’t ban his friend. + +12) u/Dimeskis will donate 10% of the money he made from March 13 to 18 to the [WSB charity stream](https://www.reddit.com/r/wallstreetbets/comments/fhh5rs/the_wsb_charity_live_stream_for_autism_wednesday/). + +13) u/tallenuk will eat his own shit if AMD drops below 20 by 3/27. + +~~14) u/1poundbookingfee will pay u/RameeSumrein $100 if monday opens green, else we get to pick the punishment. (Not confirmed yet since u/RameeSumrein hasn’t show up to agree to the terms.)~~ Cancelled cuz u/RameeSumrein got banned instead + +# SHOUTOUTS + +15) u/focusedddd for being a bro and donated to charity + +I think that’s all for this week, if you see anyone making stupid promises feel free to ping/pm me about it. +Welcome to the Daily Altcoin Discussion thread of /r/EthTrader. + +*** + +The thread guidelines are as follows: + +- All sub rules apply here so please review our **[rules page](https://www.reddit.com/r/ethtrader/about/rules/)** to become familiar with them. The rules page is also linked in the announcement bar above. +- This thread is intended as a welcome place for discussion of all non-Ethereum related crypto. + +*** + + Resources and other information: + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! + +Hey Apes, + +After yesterday’s forum slide and mods quiet decision to remove karma requirements for the day, I’d like to speak my piece about the state of the sub. + +First off, I have been in touch with the mods about their decision. The few I talked to told me they in fact do believe they made a mistake of removing the karma requirement for commenting for all the “new” apes. They were excited to see the influx of new subscribers and wanted to allow them to ask any questions they may have had about GME which is understandable. I mentioned to them it may have been a ploy by shills to infiltrate the sub to spread false hype over a new flock of investors, like when the Korean ants came several months ago and were never heard from again, and they heard my opinion of the matter. I also mentioned it created a wave of FUD against the mods, hence their post last night on why they made the decision to remove the karma limits in hopes to gain users' trust back. Everyone, mistakes happen. At least they’re owning up to it publicly and for that I commend them. + +When I logged on for the first time yesterday morning, I saw the overnight forum slide and wondered why it happened. It took me about 20 minutes to put together that [this post](https://www.reddit.com/r/Superstonk/comments/qi4zgc/dear_people_of_all_we_are_screaming_at_you/) was the “reason” new subscribers came. When I initially saw it, I thought nothing of it to be perfectly honest other than it had a strange amount of upvotes. When I learned that it was the post that convinced new subscribers to join, I tried to look at it with healthy skepticism. My thoughts were, “Why was it this post that made it to all? Why was this post with 0 substance in it that convinced “thousands” of new subscribers to join?” Mods thought it may have been the wording of the comment, and how stating it “could” lead to becoming a multimillionaire by investing in GME caused it to blow it. I still don’t buy that. + +Just so we all know, Superstonk gained only 6.6k new subscribers [yesterday](https://frontpagemetrics.com/r/Superstonk). KryptoKurrency had over 13k new subscribers, and DoubleUSB had over 8k new subscribers. In reality, there was very little movement when it came to new subscribers here. To me, it felt inorganic and screamed bullshit. + +As a general note, yesterday around 10:00AM EST, I noticed a blip of online users go from 52k to about 38k in a matter of a few seconds. It never went back over 50k the rest of the day. Interestingly enough, the mods I have been in touch with noticed around this exact time was when the hype of new subscribers and their comments died down. It seems like it was a very coordinated guerilla warfare style attack. Do I think they’re gone? No. I’m waiting for the next attack which I think is coming very soon. + +I had a gut feeling another attack was coming soon. My reasoning? Last weekend, Sunday at 12:19AM EST, I noticed the sub was down to 10k online users ([mobile screenshot for proof](https://imgur.com/gallery/igTjz8V)). This is a new record low since the subs inception. I’ve never seen it go below 17k at any point in time. To corroborate my reasoning, here are the latest stats for you to peruse. The user count is from October 24, 12:19AM, and the average count is the last months’ worth of online activity for Sundays at 12:00AM across the subs I track. + +KryptoKurrency | Average Count - 9629 | User Count – 9872 + +DDintoGME| Average Count - 225 | User Count – 157 + +Diablo | Average Count - 2408 | User Count – 2333 + +DnD | Average Count - 6006 | User Count – 5686 + +DunderMifflin | Average Count - 4533 | User Count – 2176 + +GME | Average Count - 3227 | User Count – 2176 + +GMEJ - ungle | Average Count - 2532 | User Count – 758 + +Jigglefuck | Average Count - 294 | User Count - 302 + +NSFW\_GIF | Average Count - 4027 | User Count - 4496 + +StockMarket | Average Count - 1376 | User Count - 2068 + +SuperStonk | Average Count - 17713 | User Count - 10086 + +Popcornstock | Average Count - 7194 | User Count - 3192 + +criticalrole | Average Count - 1150 | User Count - 1977 + +dogkoin | Average Count - 2099 | User Count - 2556 + +fidelityinvestments| Average Count - 99 | User Count – 96 + +gaming | Average Count - 18050 | User Count - 19904 + +lotrmemes | Average Count - 3444 | User Count - 2863 + +mildlyinteresting | Average Count - 13157 | User Count – 13221 + +nba | Average Count - 16881 | User Count – 25881 + +politics | Average Count - 13545 | User Count - 11960 + +rupaulsdragrace | Average Count - 2018 | User Count - 1852 + +stocks | Average Count - 3588 | User Count - 3485 + +Double USB | Average Count - 18065 | User Count – 13876 + +I love how all of the GME and other “meme” stock subs all managed to have at least 30% lower online users at the exact same time, whereas every other sub is well within a normal range. + +An additional thing to take note of, we currently have 37392 online users as I’m writing this. The average number of users for this two-hour time period of 10:00AM to12:00PM EST is 30k. + +Do whatever you will with this info. All I’m asking is that we continue to look at things with skepticism and let things digest here for 24 hours before jumping to conclusions. + +DRS. See you all on the moon. + +I won’t be commenting much on this post. I’m getting married today =) +Tactics seen THIS WEEK alone: + +FIRST-Divide and conquer: +1. Superstonk has half a million people, a strong tight community, satori, and (previously) a great mod team. The most logical first step is to divide. They succeeded in overtaking previous subs. Attempts at overtaking this sub had failed and this one was strong. Have they succeeded now? Listen, yes I have opinions about the mod drama, but in the end we must get past it and stay strong. Is this sub still serving it’s purpose of providing a place for DD and ape support? As long as it’s not infiltrated by shills, then let’s get over it and move on. Let them (the mods) figure it out. + +2. I hate to even mention it but the ‘fest gathering. Shills? Good idea? Bad idea? Whatever. If it had good intentions, it’s not yet the time; if it was a shill attempt, it didn’t work. I think most people aren’t going. Thanks to everyone for the research into it. Let’s move on. + +3. You tubers. You don’t have to like them, i don’t care. Don’t watch them. We may be smooth brained but i think we can still decide for ourselves based on their channels if we want to watch/listen. Let’s not bash. Again, if it’s causing division, let’s drop it and move on. + +4. Wes christian. Don’t like the idea, don’t donate. Period. Move on. + +Second: Create panic via FUD +1. This morning there are several NEW Sec filings being posted. One I’ve seen a link to (Schwab) the other I haven’t yet (iCapital). This one concerns me bc of what I’m seeing in the comments in the various posts. Before we panic, let there be time for the smart DD people to look it over and give some insight! Why did it come out now? The price of the stock is tanking then we get discouraging news...could this be a last effort to get us to sell first thing Monday? + +Third: Stay Strong! THE ONLY WAY THEY WIN IS IF WE SELL!! They haven’t covered (closed)!! Even if the FUD is true, we still only lose if we no longer hold the stock! + +We have said for months the FUD will get bad toward the end. It’s happening. It will continue to happen and just like a child, if you give in once and they see it working, they are encouraged to do it again. The attacks will keep coming regardless but the more they succeed, the harder they will try. It’s so important to stay strong. Apes no fight apes. Apes support and uplift each other. Don’t forget the reason why you bought your shares! + +Stay strong fellow apes 🦍 🚀💕 + +Edit: New SEC filing already DEBUNKED u/teapot_in_orbit +Im currently I'm a werid situation that Im not quite sure how I even got into in the first place. (obviously why I'm posting) + +I was about to file my taxes, when my brother notices that my pay stubs have been reading 99 exempt?! Me... being who I am, didn't even notice until now. Ive been getting pay checks that are around $760. (Im 23, in terrible debt already with student loans...and on top of that I owe some money on a Costco credit card) With that being said is there anything I can do to fix this? Im afraid im going to owe alot of money back and not be able to get a refund. I dont even know how my paychecks are reading 99exempt? Is that even possible? +***Update:*** *Now that this post has gained some traction, it's getting battered by downvotes.* + +**TL;DR:** An overview of how 'The Firehose of Falsehood' propaganda technique works to spread misinformation and to prevent the truth from surfacing. *There isn't really more of a TLDR than that, it's best to just read in full, as the detail is important to understanding the bigger picture*. + +&#x200B; + +Given that **the DOJ are allegedly investigating short sellers for market manipulation** and for their connection to and use of financial media outlets, I thought it would be a good time to contextualise one of the greatest failings of our governmental and regulatory bodies in a generation. + +I never thought I would witness the media's crassness and sheer gaul reach the levels it did in 2021, where they have done nothing but openly disseminate vile, privately motivated propaganda. Perhaps that was naive of me given that (like many of us) I haven't followed the media or their morbidity circus for years for the exact same reason, or perhaps I just prefer to believe there is at least some sanity left inside the simulation. + +After what we've all witnessed in 2021, it's fair to say my view of the media and its role in modern society has been solidified and set in stone. **The last 12 months have been shrouded in en-mass psychological manipulation of the population at large**, so in an attempt to understand and to contextualise it in detail, I went digging and came across something I read a few years back about a propaganda technique known as 'The Firehose of Falsehood'. + +&#x200B; + +# 1.0 - Preface: + +'The Firehose of Falsehood' is not my brainchild by any means, but it's important that these topics are raised here because they are almost certainly in use against us. 'The Firehose of Falsehood' has existed for many years in a mostly political context; originating from Russia it has been successfully used several times including during their annexation of Crimea in 2014. However, in recent years it has also been used by western democracies during political campaigns as well as when periods of heightened public distrust have occurred (i.e post 2008 crisis, COVID-19 etc), due to the benefit that comes to *democ-tatorships* when they distort reality to create confusion and sow division. + +The strategy and its relationship to information dissemination in general is what has recaptured my attention and specifically how it relates to securities markets and their interwovenness with financial media outlets. What I believe we're witnessing here is a Short & Distort, where the Distort element of the scheme has taken on the form of 'The Firehose of Falsehood'. + +***Note:*** *You can read about* [*Short & Distort*](https://www.investopedia.com/terms/s/shortanddistort.asp) *campaigns if you are unfamiliar with them.* + +**'The Firehose of Falsehood' is based on a few core principles:** + +* the immediate aim is to entertain, confuse and/or overwhelm the audience; +* it features a "shameless" approach to disseminating falsehoods and contradictory messages; +* it is based on the fact that people are more likely to believe a story when it appears to have been reported by multiple sources; +* it is supported by the fact that people are also more likely to believe a story when they think many others believe it; +* it is predicated on repetition, high volume, high frequency and low quality information; + +*Doesn't this all sound so familiar?* + +&#x200B; + +# 2.0 - The Psychology: + +Remember when [CNBC sponsored specific posts](https://i.redd.it/8vxraurkcce61.png) on Twatter and [other MSM outlets such as Reuters](https://www.reuters.com/article/us-gamestop-melvin-idUKKBN29X0EN) went into overdrive claiming "short sellers closed, Melvin Capital left the chat...", **if you weren't spending hours on Reddit each day you would have no reason to question this narrative**, it seems plausible enough because a rational person or business would have exited a high risk position if they were overexposed and got caught red handed, but these aren't rational people - they are **corrupt financial terrorists who have been emboldened by the SEC and congress's lack of integrity and respect for the law**, to believe that they cannot lose and so they behave accordingly - like the criminals, manipulators and narcissists that they are. + +The strategy behind 'The Firehose of Falsehood' is to manipulate how our brains process and store information. Dr. Christopher Paul who is a Senior Social Scientist of the Pardee RAND Graduate School, noted in a recent seminar that when we first absorb new information it gets imprinted onto our view of the world and our reality, so even if the information is false, in order to refute it we must first acknowledge that it exists. This means that **falsehoods still leave a very real first impression on us and this puts any logical or rational alternative narratives on the back foot because they come up against false information which has already stated itself to be true**. This is compounded by the fact that as humans, when we are uninformed on a subject and we don't have enough knowledge to question the incoming information, **we are unlikely to challenge any narrative which is believable on face value because doing so makes us feel exposed**. + +Other experts in social sciences note the delivery methods of the information itself and how the sheer volume of content, no matter how nonsensical it may seem, can be enough to overpower someone's natural resistance or objections to unverifiable information. **It is easier for the human brain to accept information that appears to be inconsequential than it is to challenge it**. Our subconscious brains conserve the energy needed to actively process consequential information (such as: 'if I cross the road in front of this bus will I die?') by accepting seemingly inconsequential information as valid. + +This paradigm is why 'The Firehose of Falsehood' is notoriously good at triggering subconscious agreement with information that we register as 'inconsequential'. **In our default state as humans we don't have the mental capacity to critically challenge all of the information which we need to process, so when it doesn't appear to have a material impact on us, our brains choose to discount it.** + +When trying to produce and disseminate high-volume, multichannel propaganda, one of the other key factors is ensuring that the narrative you're pushing contains or refers to 'the views of others, especially the views of those who are similar to the message recipient'. This shouldn't seem unfamiliar either, we've seen nonsense articles many times with headlines such as 'Reddit crowd does x...', 'Retail investors dump y...', 'Meme stocks do the cha-cha slide, here's what you should have for dinner on Tuesdays...'. The fact that the last example reads like a MarketWatch article shows just how pervasive 'The Firehose of Falsehood' strategy really is. + +Headlines like these are complete gibberish, but **because they contain terms that you've heard many times before and the subject matter is relatable to you and your peers, you can probably feel them trying to worm their way into your brain** even though you know they're nonsense and hold no actual value to you. In fact, the realisation that they incense you and trigger an emotional response is part of what makes 'The Firehose of Falsehood' so effective, to the average reader the information appears valid and inconsequential, therefore being accepted as true before being discounted. To those who know what the subtext is and how manipulative the information is, it makes them (us) angry, thus **causing the maximum amount of destabilisation to ANY person who engages with the content**. + +The final trick in the playbook is **repetition, repetition, repetition**. Remember when you learned at a young age that repeating something 3 times made it more likely that you would remember it? The repetition of the same narrative over and over also indoctrinates the human mind into believing that something is true. In a democracy the Achilles heel of collective understanding is that it takes *equal to or greater than* levels of knowledge in order to disagree with and then overpower an existing narrative. + +In a society of majority rule, **repetitive lies told to a population of people with busy lives** **regularly go unchallenged**, because we don't have the time or resources to challenge them. + +[\\"I've seen some things man and some stuff, I wouldn't recommend it...\\" - MSM, probably](https://preview.redd.it/x2xs8dequj981.jpg?width=1577&format=pjpg&auto=webp&s=60fa3ade04e64b3ac5f01e0489759e5d58d42b35) + +&#x200B; + +# 3.0 - The History of Propaganda: + +Let's briefly pause here for a short but important lesson on the history of propaganda. + +In the late 1920s, the American pioneer in the field of public relations and propaganda - Edward Bernays, wrote a book about the essential role that propaganda plays in society. “The conscious and intelligent manipulation of the organised habits of the masses is an important element in democratic society. **Those who manipulate this unseen mechanism of society constitute an invisible government which is the true ruling power** of our country.” — *Propaganda*, c. 1928. + +For a while after its inception, propaganda itself was considered to be a positive concept, a way of influencing the masses without having to resort to guns, physical violence or state crackdowns. It wasn't until the propaganda machinery of Goebbels and the Nazis that propaganda became synonymous with deception and manipulation, thus deservedly earning its negative reputation. Hitler’s 'Minister of Propaganda' famously asserted, “**If you tell a lie big enough and keep repeating it, people will eventually come to believe it.**” After the war, a softer term would be adopted in place of 'propaganda', but which by any other means was the exact same thing: *Public Relations*. + +Some key quotes which have since shaped what it means to 'control the narrative' can be found in the work of French thinker/theologian and social critic Jacques Ellul who published a book in 1962 titled, *Propaganda: The Formation of Men’s Attitudes.* In it he wrote, “Propaganda does not aim to elevate man, but to make him *serve*.”. Following a similar theme in 1984, renowned British novelist, journalist and critic George Orwell remarked, "Who controls the past, controls the future: who controls the present controls the past.". + +Extrapolating this quote by Orwell and applying it to GME makes it painfully clear that **controlling the present narrative around GameStop, Naked Shorts, Cellar Boxing etc is an attempt to control the end-to-end narrative** around what happened in January 2021 and subsequently back to 2008 and beyond. + +If the corrupt financial corporations and media can successfully manipulate enough people into believing their narrative at present, it will set the tone for what has happened in the past. If '*nothing bad*' happened in the past, this will define our future - one where **regulation and the law continue to mean nothing to those with the money and influence to evade them**. + +&#x200B; + +# 4.0 - The Mainstream Media (MSM): + +Ooops, looks like we just stepped in shit... + +Controlling the narrative has always gone hand in hand with tyranny, indoctrination and en-mass manipulation, be it for seemingly benevolent intent such as stemming the need for state issued violence in the early 1900's or for supporting duplicitous greed and private financial interests as we see today. The key understanding here is that history repeats itself, but it often masquerades behind a thin veil of differentiality. What was government issued propaganda in the early 20th century has become an ever-linearised, privately controlled range of media channels, where direct **conflicts of interest** are always on the menu, where **words mean nothing**, **statements go unchallenged** and **lies, unpunished**. + +**Mainstream media just entered the chat and** **oh boy do they have a lot of bullshit to say.** + +**Repetition:** +Remember when we were told to 'Forget GameStop' so many times that we remembered it that much that we quadrupled our positions, Pepperidge Farm remembers. I [screen-shotted a Google search](https://imgur.com/a/lc7ByZH) of The Motley Fool website for the term 'forget gamestop' back in early August 2021 and it returned 738 articles containing that term, which averages out to 4 articles per day every day for 6 months containing the term 'forget gamestop', interestingly I also tried several other companies and keyword combinations but was unable to locate any similar patterns. + +**Pump & Dump Schemes:** +We all know how financial media outlets actively engage in [pump and dump schemes](https://www.investopedia.com/terms/p/pumpanddump.asp) (remember $S\_L\_V, $R\_K\_T and $C\_L\_O\_V?), how many weed and EV stocks have we seen explode and then die just as fast in WallStreet*Bots*? More recently this pump and dump tactic has been diversified further into listing what MSM now refer to as '[short-squeeze candidates](https://www.google.com/search?q=short-squeeze+candidates&oq=short-squeeze+candidates)', which is an interesting concept given that the last time I checked, short squeezes were not a daily, weekly, or monthly occurrence, nor are they a commonly used trading strategy in capital markets. + +**Selective Data:** +Then there's the way in which MSM [cherry-pick](https://en.wikipedia.org/wiki/Cherry_picking) information to provide a high-level overview which skews reality to benefit the narrative which they are trying to depict. For example Benzinga, a trashy wanna-be financial news platform reported that analyst Edward Woo of 'Ascendiant' (an investment banking firm) is bearish on GameStop, indicating that the stock's value had been downgraded in his view from $24 to $23 per share - okay, cool beans but who is Mr. Woo? + +A quick Google search returns [this](https://www.wallstreetzen.com/analysts/edward-woo) abomination - *at the time of writing* **Mr. Woo is ranked #3382 out of #3555 Wall Street analysts, or put more clearly, in the bottom 5% of analysts with an average portfolio return of -10.15%** (*yes negative*). I found this interesting, as we all know that it's not at all coincidental how this analyst's view was selected by Benzinga over many others with better portfolio returns who are bullish on GME. + +Lastly, in this section I wanted to include a list of **MSM outlets which I have found in at least 5 different instances to be guilty of fire-hosing in relation to GME**: + +|||| +|:-|:-|:-| +|CNBC \[D\]|The Motley Fool \[D\]|MarketWatch \[D\]| +|Business Insider \[D\]|Investor Place \[D\]|Financial Times \[D\]| +|Benzinga \[D\]|Barrons \[D\]|Wall Street Journal \[PI\]| +|The Economic Times \[PI\]|Reuters \[D\]|Bloomberg \[D\]| +|CBS News \[D\]|CNN \[PI\]|Investing.com \[D\]| +|Yahoo! Finance \[PI\]|The Telegraph \[PI\]|MSNBC \[D\]| +|Markets Insider \[D\]|The Independant \[PI\]|Detroit News \[D\]| +|Forbes \[D\]|The Guardian \[PI\]|BBC News \[PI\]| + +*This list in non-exhaustive and based on my own analysis of content posted by these MSM outlets.* + +*\[D\] stands for deliberately manipulative reporting, where selective data has been used to suggest an outcome or narrative that would lead the reader to conclude that they should sell or avoid GME, or where articles and content have been timed with market activity which implicates the outlet in market manipulation.* + +*\[PI\] stands for passive/incompetent reporting, where either an algorithm has cloned negative sentiment and content from other outlets already reporting on GME, or where the outlet has passively agreed to what other outlets are reporting, therefore adding to/re-sharing misinformation through laziness or incompetence.* + +&#x200B; + +# 5.0 - Checkpoint: + +So we've covered how 'The Firehose of Falsehood' operates and disseminates information which: + +* uses false narratives and information; +* is shamelessly inaccurate; +* is disruptive and manipulative; +* is repetitive and relentless, relies on over saturation; +* originates from multiple sources, often simultaneously. + +We've also reviewed just a select few examples which illustrate where and how this strategy is being used in relation to GME and the stock market in general and the media's complicity in attempting to control the narrative. The logical next step is to see whether there is a specific law which prevents this kind of biased media coverage. + +With the amount of propaganda we see on a daily basis related to GME, it got me thinking, there has to be a law to prevent this, *surely it can't be legal to just spew blatant lies without any semblance of truth, right?* **Surely this cannot actually be legal** and *someone, somewhere* should be enforcing **TRANSPARENCY**. + +This lead me to the [FCC Fairness Doctrine](https://en.wikipedia.org/wiki/FCC_fairness_doctrine). + +&#x200B; + +# 6.0 - The FCC Fairness Doctrine: + +Unfortunately, it turns out we've been going backwards in the fight for transparency for decades. + +Once upon a time, we did actually have something we could point at and say, "be honest, or else" and whilst the 'or else' of it was toothless in the face of real corruption, at least it was something. The purpose of the 'FCC Fairness Doctrine' which was introduced in 1949, was to require the holders of broadcast licenses to **present controversial issues of public importance in a manner that fairly reflected differing viewpoints**. + +Despite the clear need for moderation and oversight in an industry that can't be trusted to get even basic facts right, **the 'FCC Fairness Doctrine' was repealed in 1987** which prompted many activists and the general public to urge its reintroduction through either Commission policy or congressional legislation. + +**As if it couldn't get any worse**, in 2011 the '[Broadcaster Freedom Act of 2011](https://www.congress.gov/bill/112th-congress/house-bill/642?s=1&r=7)' was brought in to protect the political and financial agendas of the elite and to remove the FCC's ability to reenforce or reinstate the 'FCC Fairness Doctrine'. The Broadcaster Freedom Act was cosponsored by 145 congressmen and women and passed without any evidence of debate. + +**In August 2011, the FCC itself decided to completely remove the rule** that was used to implement the 'FCC Fairness Doctrine' from the Federal Register, as they no longer had the jurisdiction to enforce the policy on broadcasters who had been increasingly violating it's principles over recent years. + +&#x200B; + +# 7.0 - Summary: + +**The whole system is fraudulent** \- government agencies, regulatory bodies, media coverage, large market participants, hedge funds, prime brokers, brokers, banks, the god damn law, legislation and rules themselves - **all of it is rotten to the core**. + +'The Firehose of Falsehood' is being used to spread disinformation and to prevent the sins of the elite (and those who are supposed to regulate them and the industry) from rising to the surface. When we consider 'The Firehose of Falsehood' in the context of capital markets, we're *allegedly protected* from the propaganda which would normally fall under 'broadcaster freedom'. The law is clear on [Short & Distort](https://www.investopedia.com/terms/s/shortanddistort.asp) campaigns, **just like naked shorting itself**, spreading negative and/or false information in **an attempt to manipulate stock prices is illegal**. + +**Firehose or no firehose, we will not be silenced this time.** + +*I have begun reporting the media's lies to the DOJ and whilst this does feel counterintuitive (like reporting a crime to the criminal), we must fight back with whatever tools we have available to us:* + +[https://www.justice.gov/doj/webform/your-message-department-justice](https://www.justice.gov/doj/webform/your-message-department-justice) + +&#x200B; + +**POWER TO THE PLAYERS.** + +**BUY. HODL. DRS.** + +&#x200B; + +[Me right now](https://preview.redd.it/pg36buusuj981.jpg?width=800&format=pjpg&auto=webp&s=20dfb26fe2b761c2bc1194d0df18180942681522) + +&#x200B; + +# References: + +**Source(s):** + +[https://www.rand.org/content/dam/rand/pubs/perspectives/PE100/PE198/RAND\_PE198.pdf](https://www.rand.org/content/dam/rand/pubs/perspectives/PE100/PE198/RAND_PE198.pdf) + +[https://en.wikipedia.org/wiki/Cherry\_picking](https://en.wikipedia.org/wiki/Cherry_picking) + +[https://en.wikipedia.org/wiki/FCC\_fairness\_doctrine](https://en.wikipedia.org/wiki/FCC_fairness_doctrine) + +[https://www.congress.gov/bill/112th-congress/house-bill/642?s=1&r=7](https://www.congress.gov/bill/112th-congress/house-bill/642?s=1&r=7) + +**External Links:** + +[https://i.redd.it/8vxraurkcce61.png](https://i.redd.it/8vxraurkcce61.png) + +[https://www.reuters.com/article/us-gamestop-melvin-idUKKBN29X0EN](https://www.reuters.com/article/us-gamestop-melvin-idUKKBN29X0EN) + +[https://imgur.com/a/lc7ByZH](https://imgur.com/a/lc7ByZH) + +[https://www.investopedia.com/terms/p/pumpanddump.asp](https://www.investopedia.com/terms/p/pumpanddump.asp) + +[https://www.google.com/search?q=short-squeeze+candidates&oq=short-squeeze+candidates](https://www.google.com/search?q=short-squeeze+candidates&oq=short-squeeze+candidates) + +[https://www.wallstreetzen.com/analysts/edward-woo](https://www.wallstreetzen.com/analysts/edward-woo) + +[https://www.investopedia.com/terms/s/shortanddistort.asp](https://www.investopedia.com/terms/s/shortanddistort.asp) + +[https://www.justice.gov/doj/webform/your-message-department-justice](https://www.justice.gov/doj/webform/your-message-department-justice) + +&#x200B; + +**EDIT:** + +\- Thanks for the awards guys, totally not necessary but appreciated nonetheless. ❤️🦍 + +\- Grammar edit in Summary. + +\- Added update at top. +Hi all, I'm sure this is a regular sort of 'time vs money' question though wanted to reach out to the community and get your take on my position and what you might do if you were in a similar situation. + +My current net worth is $4.65m (AUD). I work full time in self-employed business with other business partners. We have the opportunity to extend our government contract by 5 years (in the hospitality industry - cafe & catering) of which I can expect yearly income of around $150,000, so all up the contract would be worth roughly $750k profit to each business partner over 5 years. We currently have similar contract in another location where income is much higher at roughly $350k per person per year, with 18 months left on that contract. + +Operating the business with the 5 year extension would not be overly time consuming for myself, though would add stress and a time commitment to my life (e.g. I wouldn't be able to travel as much, or very rarely, which I love). Some of the added stress points would be: dealing with staffing issues, staffing insurance issues, complaints, contract management and actually finding the right staff to do the job. I would be doing most of the work (out of my partners) to set it up with the right staff and right processes, with one particularly difficult partner to work with. Importantly to note it would tie me into the contract for 5 years - it's not something that can be sold, nor would my business partners purchase my share, I'd have to give it up if I were to leave sooner. I'm in an awkward position where I'm having to do most of this work in the business though have to split the income equally among partners - it's a tricky situation too hard to explain here. So, I've started to think, 'what's the point?'. Is $750k over 5 years going to make a substantial difference to my life post retirement, or am I being ridiculous to give up such an opportunity? With my 4% SWR it means the possibility of giving up an additional $30k/year to spend in retirement in exchange for 5 years of my life now. + +I'm currently 34 so would be 39 by the time the contract finishes. My partner is 31. Our SWR more than covers our *current* living expenses of around $80k per year. Once retired, in either 18 months or 5 years with this new contract, we'd like to travel overseas regularly (business class, nice hotels etc.) and I'm unsure how much this would cost really and if we could afford it with our current NW. I've never travelled long term for more than 4-5 weeks at a time. + +This is not an industry which I can retire from and come back to years later - once you're out, you're out. It would take years of work to get anywhere near this position of earning potential again. + +TL/DR: I'll have $5m NW in 18 months, a possible retirement date. Alternatively, I have the option to extend a business contract for 5 years which will roughly provide an additional $150k/year, or $750k total, to my NW before retirement. What would you do? +Using a throwaway for obvious reasons. +I work in a small locally owned cafe who have been fortunate enough to remain open during this whole pandemic. All employees have had their hours reduced though as it hasn't been busy enough to have our regular hours kept. + + +My boss pulled me aside the other day explaining the application for jobkeeper and saying it was $1000 for them to apply for it. I'm fairly sure he specified that this wasn't the accounting fees, but I could be wrong. He asked if I thought it to be fair for all of us, including himself, to split that fee as we'd all benefit from it in the end. I was unsure though as I wanted to look into whether that fee is actually real or if my boss is just sneakily trying to get their accounting fees covered as he mentioned that their accountant said the whole jobkeeper accounting is a pain in the ass. +Has anyone else heard of this? +[https://www.smh.com.au/national/the-bulk-of-gps-aren-t-overbilling-you-for-their-priceless-care-20221018-p5bqpk.html](https://www.smh.com.au/national/the-bulk-of-gps-aren-t-overbilling-you-for-their-priceless-care-20221018-p5bqpk.html) +Instead of a "get rich quick" scheme...new people are fucking it up. They don't care about what it is and could be. They're the type to call other cryptos "other bitcoins." Hell, they probably don't even know what the word cryptocurrency even means. +Who else here doesn’t want to sell at $10K? Given the potential of ETH and the active developers..I think $10K is an underestimate. + +We’ll all have a flippening party at $8K sure but that isn’t the end for me. With ETH 2.0 the possibilities are endless! + +I’m looking out for $20K, $50K and even $100K. What’s your target? +I stumbled onto this interesting historical document while looking into Coca-Cola and whether they were heavily shorted in the early twentieth century, and whether naked shorting was the cause of the Great Depression. I thought I’d pull out a choice quote to share with you guys. + + “This legislation will restore confidence, will not injure legitimate business, and all it will do is restrict the gambling activities of a small group of men who have no interest in the welfare of the Nation, but who, regardless of the effect everybody knew it would have upon conditions of the country, ruthlessly manipulated the markets and brought about the conditions from which the Nation is now suffering. Had it not been for the manipulators of Wall Street, for the criminal inflation for which they were responsible and carried on in 1927, 1928, and 1929, the crash would not have occurred. The people who were responsible for the inflation of 1923 and 1929 are also the very men responsible for the crash in 1929. This legislation is absolutely necessary for the best interests of the Nation. Because not until we pass this measure will confidence be restored. All this bill aims to do is to prohibit the reckless gambling and manipulation on the exchange. I have here from an inside man a description of the stock exchange. + +He says: +1. Not one fourth of the transactions on the exchange are sales where the seller actually parts with the security, and is paid for it by the purchaser. +2. The exchange is, therefore, the largest gambling house in the world. +3. This gambling house is owned and controlled by its broker members. +4. The value of a seat on the exchange, depends upon the amount of play the game attracts. +5. Those who run the game are really the betting commissioners for the boobs who sit in the game. +6. The betting commissioners have looked in the hand of every one of the "boobs", know exactly what cards they hold, and the limit of their stakes. +7. Most important of all, they know at just what point. The " boob " has put in a stop-loss order, hence they know just when the " boob " must take his loss, when the market is forced down.” + +[Congressional Hearing April 1934](https://www.govinfo.gov/content/pkg/GPO-CRECB-1934-pt7-v78/pdf/GPO-CRECB-1934-pt7-v78-11-2.pdf) + + + tldr: Naked Shorts yeah have been destroying the country and American businesses and innovation since the inception of the stock market. If we are still wondering where the sheer hubris of SHF originates, it’s likely because this has been occurring for over a century with no little to no repercussions. + +Man, it would be a shame if something really idiosyncratic came along to flip that paradigm... 🏴‍☠️ +I am ecstatic. I'm 23 and have been working to go to college since I was a teenager, but life got thrown at me hard this last year and I thought it was never going to happen. I was working a job that cost me $60 A day to get to and from (partially blind, can't drive, it was in another city, had to Uber/Lyft). And working a second job where I walked 6 miles a day to get to/from. + + +Recently, I got a new job while still working the 6 mile walk job. I should start next week (and will be working enough I can just work the one) and it costs me less than half of what the $60 A day job cost me to get to and from. It still sucks that I have to pay to get there, but I'm hoping I can move closer in a few months by subletting my apt. The best part? They'll pay part of my tuition in a few months for an associates and bachelor's, as long as it's in a business-related field (I wanted to go for IT, anyway). I thought I was never going to be able to go to school and get a better job, and I'm so happy. +FIRE is one tool eliminating material scarcity from the list of things you have to worry about, which is great considering the larger goal of building a life you want to live. +Extreme saving to build up capital equaling 25x your expenses is one way to achieve FIRE. +Retirement, in the traditional sense of retiring to a life of no particular work responsibilities is one type of retirement. +BaristaFIREing to a quiet life of easy work is another option. + +All of these things have names. But all of these things are merely arbitrary points on a spectrum of infinite possibilities. Life isn't a forking path, with traditional FIRE going one way, with baristaFIRE pointing in the other direction, and no middle ground between them. You're "allowed" to retire to a life based on the 6% rule, with baristafire as a backup. You're allowed to become financially independent and never quit your job if you don't feel like it. You're allowed to retire at 32 fully FI, get bored, start a pottery studio, live off the income from the pottery studio for a while, get bored, close it down, then get a job with the county government cutting down trees. Life is too short to limit your choices to the default options on a forum. + +I think everyone here is aware of this, on some level. But, really often on this sub, I see people falling into the easy ruts, like treating the 4% rule as an actual rule. Or, they let the easily defined concepts, like coastFIRE, define their goals, when it's pretty clear based on reading their writing that their real goal should be in the Grey Area Of FIRE That Has No Name Yet. Grey Area Fire That Has No Name Yet is perfectly fine. + +Don't let mental frameworks define your path -- let your honest assessment of the life you want to live define your path, and let the rough concepts and frameworks serve their purpose: giving people a starting point for conversations. +Since going public in early May, the stock has raced nearly 600% higher, taking its market cap above $10 billion. The plant-based meat company is now larger than 80 S&P 500 companies, including Macy’s, Xerox and Mylan. + +https://www.cnbc.com/2019/06/19/beyond-meat-has-had-a-mega-rally-but-ipo-euphoria-might-not-last.html +EDIT2: **Roth 401k (not Roth IRA) vs. Traditional 401k** + +Since both tax savings are commutative, the only thing that matters is the effective tax rate paid at the end. + +Let I = pre-tax income, r = annual return, x = years invested + +Roth = I \* r\^x \* current\_marginal\_tax\_rate + +Traditional = I \* r\^x \* future\_effective\_tax\_rate + +So the only time Roth is more advantageous is if your current *marginal* tax rate is lower than your future *effective* tax rate. + +Most people won't withdraw more than their annual income from their traditional 401k, so we can assume that *marginal\_tax\_rate >= effective\_tax\_rate*. + +The common advice is if you're at the beginning of your career, you're earning lower, so you should put it in a Roth. The Federal marginal tax rate between 40 and 85k (reasonable starting income range) is 22%. To reach an effective Federal tax rate of 22%, you'd have to earn 227k. Meaning, you would have to expect to withdraw 227k per year from your traditional 401k for Roth to start making sense, a whopping 167% higher than the top income in that bracket. + +Against intuition, Roth seems to actually do better when you're in the 85k to 163k bracket. The breakeven point is 270k per year, only 65% higher than the top income in that bracket. + +Then, once you're in the 163 to 207k bracket, Roth performs considerably worse. The breakeven point is 800k per year, or 286% of the top income in that bracket. + +For the 207 to 518k bracket, the breakeven point is 2MM, or again 286% of the top income in that bracket. + +Once you're past 518k, there's never a breakeven point. + +Additional assumptions: almost all your income at retirement comes from 401k, since the rest are taxed as long term capital gains. If you have rental income, it could flip towards Roth since traditional withdrawals are now taxed at marginal instead of effective. I also simplified the calculations to only federal taxes since each state is different; some have flat rates, and brackets are different per state. + +Caveat: a wrench that could throw off the calculations is future tax increases, which we currently can't predict, but the 65% to 167% buffer is quite high so even moderate tax increases wouldn't put Roth ahead. + +EDIT: /u/Jr712 mentioned a nice article in the comments with visuals: [https://thefinancebuff.com/case-against-roth-401k.html](https://thefinancebuff.com/case-against-roth-401k.html) +My wife provides services for people with special needs. We moved across country several years ago and she retained her position, working part-time remotely since the move. Until now, she was paid hourly. + +Today she learned by email that she is being reclassified as 1099 as of the new year, and that the full details of the new compensation package would be available sometime next week. So, she has no idea what she'll be making and zero working days to figure out the tax implications. + +So...any good resources for what a person should do when they find themselves classified as 1099? + +EDIT (1/1/21): Wow, this post blew up in an awesome way. You folks are incredible and I hope you all have an excellent 2021. After significant pushback from the handful of people who were to be reclassified, the company has decided to "walk this back and revisit it in a few weeks." So at least we have a few weeks to put together a rate sheet and weigh the pros and cons. As a side note, I believe 1099 may be the right classification but that still doesn't explain why others with the same job duties would remain employees. At the end of the day, this is a part time job, my wife also works part time for another company at the same time, and we are prepared to lose the supplemental income (i.e., tell them to suck a lemon) if it comes to that. Thanks for everything! +DRS numbers being published each earnings report as going up millions of shares per quarter, basically proves that people are buying more than selling. I guess theoretically people could be DRSing all their existing shares slowly, but that doesn’t make any sense and even if that was true it still proves they aren’t selling. When someone DRS’s their shares it basically is saying “I’m in this for the long haul”. With more and more shares being objectively categorized as that, it signals very specifically and objectively that fewer shares are being sold which strongly suggests more shares are being bought than sold. This should tell other investors that the price should trend up. Therefore anyone who completely trusts the market to work as expected should want to invest in GME, regardless of any other sentiments. Those that don’t trust the market should also want to invest because they can see that the price is being suppressed. +The first earnings report to show fewer directly registered shares than the last will be a signal to sell…but I don’t believe that will happen until every share is locked. +if you get assigned the stock, why do you hold the stock and sell calls, instead of just selling the stock and continue to sell puts. it seems like puts is a better strategy bc if the stock goes up you can buy back the put and sell another put. if the stock goes up with the call, you're SOL. I get the sense the reason people hold on to the stock to do the wheel is out of " it's not a loss if you don't sell" mentality. the wheel strategy seems a bit of a cope. if it's not, I'd like to hear if you have a well thought out and data driven reason as to why calls are better than just continuing to sell puts +I have a size able amount of money in TSLA stock. Typically I use margin to sell cash secured puts on TSLA that is anywhere from $50-$100 below the current stock price, with the expiration typically 6 weeks out, and usually closing the option at 50% profit, or rolling the option near expiration if I'm underwater. Typically I'll only use 60% of my account size in margin, because I don't want to get margin called if TSLA does a massive drop. But I started thinking, why not sell 0 DTE CSP with the margin I'm not using to collect those pennies? I could set the strike at 2x ATR, which would make it 'harder' to be hit on that day. My unused margin is large enough that those 'pennies' is around $100, which is a nice lunch and a nice dinner. So I tried it last week and this past week and I got away with it. So I started wondering, why don't I do the same thing on SPY and sell 0 DTE on Monday and Wednesday and do TSLA on Friday with margin I wouldn't dare touch usually. I do realize that if the entire market tanked hard out of the blue, I'm in big trouble. So what do you guys think? Should I collect those pennies with margin I wouldn't dare use otherwise, or stay away from those pennies to reduce the odds of eventually blowing up my account? I'm inclined to collect those pennies, but I'm looking for people to tell me that is a dumb idea. +I recently saw a post from r/DDIntoGME which had said that essentially, if the overnight reverse repo lending that's been going on keeps going in the same pattern it has been, it is going to start reaching its "maximum" amount of lending(500 BIllion) around Friday. + +I wanted to piggyback off of that post because it brought to my mind the question, "What would genuinely happen once it reached its maximum? Would the whole system go kaboom?" Well, to answer that question, let's try to understand the context here a bit first. + +In these reverse repo agreements, the FED is selling bonds to banks (which are presumably lent to HFs) which takes AWAY liquidity(cash money) from the market as the banks are paying cash for the bonds. This isn't necessarily a bad thing given the amount of liquidity that was added TO the market from stimulus checks and overall money supply being at all time highs. + +EDIT: Clarified on the liquidity part as it wasn't as clear + +What's causing the proverbial wrench in the gears here are that these hedgies are overleverged to the tits from not only shorting the treasuries bond market, but also having shit for mortgage backed securities in the housing market, and naked shorting a whole bunch of other stocks with unlimited leverage, with the pure intention of driving multiple companies to bankruptcy. + +Here's where it gets really bad: these banks and hedgefunds absolutely NEED these bonds as collateral because they have overleveraged so hard there aren't enough bonds to go around, most likely multiple times over; the FED is in possession of a lot of these bonds so by temporarily allowing banks to come into possession of them they can kick the can down the road, but what happens when the maximum amount of lending is reached? + +Let's walk through the process: + +1. As time goes on, theoretically either more counterparties would need bonds as collateral or the existing counterparties would need MORE bonds to post as collateral to keep kicking the can down the road and prevent being margin called. + +2. Someone gets margin called as they can't post enough collateral (theoretically bonds lent by the FED), causing a cascade of margin calls across the bonds market leading to a short squeeze of treasury bonds from liquidation. + +3. The liquidation of various securities (such as stock postions) coupled with the spike in treasuries bond price would lead to a stock market crash, leading to even MORE margin calls from overleveraged short positions(some even within the same firms that got margin called before, this is probably where Citadel would be in this scenario as they shorted both the treasury bonds market and meme stocks) + +4. Short squeeze of all meme stocks from forced liquidation as the tendieman cometh. + + +(This part is edited as of edit 3) +How soon would this be able to happen? Well, this still remains more of a theoretical unfortunately. Since after some kind redditors corrected me and I found out the 500 billion limit was for repo agreements only and that the reverse repo agreement is limited to 80 billion per counterparty (as of right now there is an estimated 7.2 billion per counterparty, read edit 3 to see why), it would seem there's a while before it gets to that point, IF it gets to that point. I doubt the FED would accept lending 80 billion per counterparty (there's 54 counterparties as of the most current agreement), so in my opinion I feel like the only way we see this happen is if someone gets margin called, or the FED stops accepting to lend as many bonds to counterparties. The more likely option, believe it or not is that someone (maybe a certain hedgie Citadel 😉) gets margin called. The FED doesn't really have enough of a reason to say "hey you look fucked and giving you bonds doesn't look like it'll help", so that would leave the margin call option. Given the other catalysts Citadel and co have to watch out for in the near future (T + 21 today, gamestop earnings, the shareholder meetings, how fucked they are in the housing market, the list goes on), I wouldn't be surprised if we see a margin call happen soon that would trip some wires in the bonds market and cause a short squeeze that leads to the MOASS. + +Hope this jumbled mess made some sense to you all, as I'm writing this now its about midnight so I wouldn't be surprised if I happened to make a couple of mistakes when writing this out. If anything, I'll hang out in the comments and make some edits along the way. :) + +Edit: people were asking about the source post I pulled the limit from so I've linked it below. Give that OP some love! + +Edit 2: I've seen some questions asking if cash can just be used as collateral instead for treasury bonds. Now, this may be wrong so take this answer with a grain of salt, but as far as I understand, you need treasury bonds as collateral to prevent being margin called from shorting treasury bonds. These are government bonds, which people have invested in with the idea that their money is safe and sound. If at any point they need to take money out of, say a 10 year bond, but all of a sudden the bond disappeared, thats ALL of their money gone.. and I doubt the US wants THAT to happen because of what it means for the US economy. + +Edit 3(Edited once again): There's some talk about the 500 billion cap being for repo agreements only and not reverse repo agreements, after researching more and some friendly redditors correcting me in the comments about it I saw that it seems like this is the case as the reverse repo cap had been virtually removed in 2013. The only type of cap I see is that there is a maximum of 80 billion per counterparty when it comes to reverse repo overnight agreements. Given there are currently 54 counterparties as of the latest agreement of 394 billion, there's an average of 7.2 billion per counterparty as of right now. However, I genuinely doubt the FED would accept lending 54 counterparties 80 BILLION each. That would be over 4 trillion used daily in bonds lent out. A margin call by other means would be more likely to happen in my opinion. + +Edit 4: I've seen a lot of questions asking if the FED would just raise the limit to try to kick the can down the road, and I don't think they would do that for a couple of reasons. The first is that I presume they have the foresight (unlike the greedy hedgefunds) to see that many people's finances are being put at risk so they would rather have this end sooner than later. That, and they stand to gain a lot from squeezing hedgefunds and liquidating. The main argument that comes to my mind is that when the MOASS happens and everyone gets their tendies they are going to be able to get some nice tax money off of that (a lot of rich people hide their wealth in offshore accounts so they don't have to pay as many taxes, so its good for some of this money to be in the hands of retail). + +Source post I got the upper limit from: + +https://www.reddit.com/r/DDintoGME/comments/nk9979/reverse_repo_overnight_lending_will_hit_the_upper/?utm_medium=android_app&utm_source=share + +FED links about the reverse repo/ repo agreements: +https://www.newyorkfed.org/markets/domestic-market-operations/monetary-policy-implementation/repo-reverse-repo-agreements/repurchase-agreement-operational-details + +https://www.newyorkfed.org/markets/rrp_faq +Thank you so much for reading and thanks in advance for the advice. + +Just turned 50 and have the opportunity to sell my business that I have been working extremely hard at for 19 years. For easy math I will be getting 10 million after taxes (gonna be hard to write that check to the IRS but that’s another post). + +I have been financially smart up until this point so have no debt including no mortgage. + +I do have kids and grandkids so with fun and travel, etc. my yearly budget is still around 400k. I am extremely fit, active and healthy so really enjoy sports such as wakesurfing, scuba diving, etc. (starting to read like a tinder profile). + +I am too young and too active to retire. Purchaser wants me to stay on and earn a meager salary so I will probably do that or find something else to do. + +Started investing at a young age but not sure how confident the am with this much money, especially since it needs to last the rest of my life. I have some money in a couple etf’s like VOO and SCHD and have a good amount in a Wealthfront account as well. Don’t have any bonds yet but I imagine now is the time to get into those. + +Just looking for advice if I should get an advisor or just keep going it alone? And if I do go it alone what would you recommend? + +Thanks Again +EDIT2: For some reason, this post got truncated when I added the previous EDIT below. I'll try to fix it ASAP. (FIXED) + +EDIT: Well, this blew up my inbox! Thank you all for the upvotes, I'm trying to reply to as many comments as I can! Also, I'm not looking for donations of any sort, but if you have spare cash not reserved for LRC or GME, consider [donating to St. Jude's Children's Research Hospital](https://www.stjude.org/donate/donate-to-st-jude.html) instead. Thank you! + +*(I couldn't get this to be linked here properly from the Loopring official sub, so I just copied the whole post over. You may notice the outro is more about LRC than GME, it doesn't mean anything other than that I originally targeted this post for Loopring but I still posted it here since it's all related. I'm still a January 2021 ape and I won't be selling until I see the stock price look like a phone number and Mayo boy is in jail.)* + +# Preface + +I'm not a blockchain/web3 engineer (though I am looking to be one soon). I am just a website developer with moderate amount of experience. I can read and write JavaScript and Python. Solidity, the programming language used by Ethereum smart contracts, was heavily inspired by JavaScript, C++ and Python, so reading a Solidity contract should be somewhat familiar for me. + +# TL;DR + +Loopring's Contract Creator, one that they've been using since 2019, created Contracts containing "GameStop ecosystem" references. + +**What this means?** The partnership is 100% real! The NFT marketplace will inevitably launch soon, **WE JUST DON'T KNOW WHEN**. Please don't miss the rocket by selling your LRCs or GMEs. Can't you hold a few more days, weeks or months for life-changing money? + +# Intro + +Let's walk through what we've seen so far. I'll try to explain it with as less technical terms as possible. + +# The Windatang leak + +Late October, Windatang, a [legit Loopring developer](https://github.com/windatang), pushed some code up to Github, and people discovered a couple of interesting things within it: the usages of the term "gameStopMeta" and references to "[ipfs.nft.gstop-sandbox.com](https://ipfs.nft.gstop-sandbox.com)". + +https://preview.redd.it/27jgshzm5hc81.png?width=1498&format=png&auto=webp&s=bceecfee22e9303518d5aecae01c5f3a54ad408a + +Source: [https://gmedd.com/blockchain/loopring-code-confirms-gamestop-nft-marketplace-is-underway/](https://gmedd.com/blockchain/loopring-code-confirms-gamestop-nft-marketplace-is-underway/) + +Some have debunked this because: + +* They didn't thought that Winda was a real Loopring dev (she is). +* The code was pushed to Winda's own public copy of Loopring's [loopring-web-v2](https://github.com/Loopring/loopring-web-v2) repository and not to the official one. +* Her copy of the repository was immediately made private or deleted after it started gathering Reddit attention (but not before it got [archived](https://web.archive.org/web/20211028000950/https://github.com/Loopring/loopring-web-v2/commit/de1601d253991fd4c493a8d5629c02c7d38b5e23)). + +A few days later, Winda committed [a very similar algorithm](https://np.reddit.com/r/Superstonk/comments/r6mibr/why_i_was_negative_on_that_loopring_gamestop_code/) (but without the GameStop references) to a different but official Loopring repository ([loopring\_sdk](https://github.com/Loopring/loopring_sdk/)). + +Even though it wasn't clear cut, this tells me she probably tested the code first in her own copy as to not mess up the official one. Since it's her own copy, she added some static references to make it easier to test, but she forgot that it was publicly visible. After it went trending, she made her repo copy private, continued working on the code and removed the references. Later on, when it turns out she needs a very similar functionality in another project, she copies the now-clean code over to that one. This is actually fairly common in a typical programming scenario. + +# The IPFS subdomains + +As for the "ipfs.nft.gstop-sandbox.com" part: in web development, it's common to have a "sandbox" where devs can test out functionalities in a private, production-like environment. + +We have [proof](https://np.reddit.com/r/Superstonk/comments/qyww8m/an_update_on_gamestops_nft_related_domains_new/) that gstop-sandbox.com is owned by GameStop, and another [proof](https://crt.sh/?id=5538535675) showing SSL certificate information tying gstop-sandbox.com and others such as gstop-preprod.com to multiple \*.gamestop.com domains. + +Seeing gstop-sandbox.com being used within Loopring's codebase definitely means Loopring's code is interacting with GameStop's servers. + +The IPFS from Windatang's leak opened up [another can of worms](https://np.reddit.com/r/Superstonk/comments/qwn8ct/nft_storage_deployed_to_official_gamestopcom/) when it was discovered that the contents that [gstop-sandbox.com](https://ipfs.nft.gstop-sandbox.com/ipfs/QmPBvug4pYykDWosLUC7ReQo4vv1F9knd5fkTJr3bzPURp) is showing also shows up when you replace it with [gamestop.com](https://ipfs.nft.gamestop.com/ipfs/QmPBvug4pYykDWosLUC7ReQo4vv1F9knd5fkTJr3bzPURp). This was actually debunked. People have [proven](https://np.reddit.com/r/Superstonk/comments/qwwyel/important_read_about_the_current_top_post/) that it's possible for any incorrectly-configured IPFS server to show any IPFS contents (hosted elsewhere) under their domain. See this [example IPFS content](https://ipfs.nft.gamestop.com/ipfs/QmYA2fn8cMbVWo4v95RwcwJVyQsNtnEwHerfWR8UNtEwoE) being hosted "under" gamestop dot com. + +# The smart contract leak + +https://preview.redd.it/nouhe71q5hc81.png?width=1674&format=png&auto=webp&s=373d700aab4a8030110efd0ecb60db1210dc0a72 + +This one is circulating again just recently ([original](https://np.reddit.com/r/Superstonk/comments/qm71bg/ill_just_leave_this_here_new_lrc_leak/)), but people are saying it's debunked or FUD because if you look at the [original Contract](https://etherscan.io/address/0xb170dd1352b9928bd1dd1f11d25f5a1d617baeb2#code), you can see it no longer shows the source code of the smart contracts tied to it under the Contracts tab ([probably because GameStop owns this, not Loopring](https://np.reddit.com/r/Superstonk/comments/qm71bg/ill_just_leave_this_here_new_lrc_leak/hj8b7an/?utm_source=share&utm_medium=web2x&context=3)), only some gibberish-looking text which is actually called ByteCode, a compiled version of the source code. + +https://preview.redd.it/i8iinkqr5hc81.png?width=1650&format=png&auto=webp&s=51409040de8cc21e2a2dbd30056be8af520800cf + +However... + +# What I've discovered + +I was re-reading through [this post](https://np.reddit.com/r/Superstonk/comments/qwwyel/important_read_about_the_current_top_post/) which has something to do with debunking the IPFS leak. + +Near the bottom, OP wrote that someone had been scrubbing the Contracts and removing the smart contract source codes which include the "GameStop ecosystem" references, which makes sense why it now only shows the compiled code. + +OP then linked to two other contracts in existence that have NOT BEEN SCRUBBED that still contain the "GameStop ecosystem" reference (not sure where he got this from, but that's fine as you'll see below): + +1. [https://goerli.etherscan.io/address/0x795ff725640F9f8B43BF230298854c8FB8F97b6E#code](https://goerli.etherscan.io/address/0x795ff725640F9f8B43BF230298854c8FB8F97b6E#code) (file 3, line 112) +2. [https://goerli.etherscan.io/address/0x9dD7262b5bfE68b59329644dcce49CC9Ec653F2c#code](https://goerli.etherscan.io/address/0x9dD7262b5bfE68b59329644dcce49CC9Ec653F2c#code) (file 1, line 112) + +However, these are on a different network (on Goerli, an Ethereum test network) than the ones from before (those were on the Ethereum main network), but to prove that these two are still Loopring's and that there's still a link to GameStop, I grabbed these contracts' creator's address: [0xe20cf871f1646d8651ee9dc95aab1d93160b3467](https://goerli.etherscan.io/address/0xe20cf871f1646d8651ee9dc95aab1d93160b3467). + +I cloned the loopring-protocols and loopring\_sdk repositories and did a deep search for file changes containing the creator address, and guess what I found? + +There are **3 search results** in the loopring\_sdk (all recently by Windatang)! + +https://preview.redd.it/znqh82tt5hc81.png?width=1750&format=png&auto=webp&s=9ea2d689e97f0f614943ce12357291ffbc0ea190 + +There are **15 search results** in the loopring-protocols spanning all the way back to March 2019! + +https://preview.redd.it/je9mrjhv5hc81.png?width=1446&format=png&auto=webp&s=46ff0e28731863f5af5d5cbe84160efafd28b7e7 + +This tells me that Loopring has been using this creator address for development for a long time. They own this address, and now this address had created Contracts containing "GameStop ecosystem" references in it. **There's just no more deniability that Loopring and GameStop are working together!** + +Even though it's in the Goerli network, it's fine because the created Contracts are meant to be for testing anyway. [GameStop most likely owns the ContractCreator on the main network](https://np.reddit.com/r/Superstonk/comments/qm71bg/ill_just_leave_this_here_new_lrc_leak/hj8b7an/?utm_source=share&utm_medium=web2x&context=3) and they most likely don't have the "GameStop ecosystem" references in their own implementation. + +# Convinced yet? No? Here's one last pitch. + +This creator address is actually still in the official Loopring code right now: [https://github.com/Loopring/loopring\_sdk/blob/master/src/tests/nft.test.ts#L190](https://github.com/Loopring/loopring_sdk/blob/master/src/tests/nft.test.ts#L190) + +Why would this address being legitimately used by Loopring for 3 years now be creating Contracts containing GameStop references? + +# Outro + +LRC price is dipping, so what? It's actually a very good time to average down by buying more. + +**Did you sell because there was no announcement back in Q4 of 2021?** As a developer, I know this type of delays are pretty common. Maybe a simple feature turns out to be difficult to implement, or maybe some critical bugs popped up and needs to be fixed first, or maybe a much better way to do X or Y has been discovered, etc. It's entirely possible that Loopring missed the deadline and due to NDA restrictions (which ~~probably~~ definitely got stricter after the whole "Q4 2021" public conversations), they simply cannot talk more about it, so they didn't. + +**Do you want to sell because you bought at or near the top, now you're seeing red and panicking about it?** The sure-fire way to make sure your loss becomes permanent is to sell. However, if you wait until the price goes up again (and it will), all you would've lost is time. + +**Do you (still) believe in Loopring's fundamentals?** Vitalik, the freaking whiz kid who created Ethereum, has praised Loopring multiple times (no sources right now, just trust me bro). We have working proofs (the Loopring DEX and wallet) that Layer-2 is the future because of how much it enhances Ethereum and how it basically makes up for Ethereum's weakness. As Mark Cuban said before: *If you still believe in the reason you bought the stock \[or token, or coin\], and that hasn't changed, why sell?* + +**Do you want to sell because you want to invest your funds in other coins first?** It's a legit reason, I don't blame you when I see other coins surging up, but imagine how you would feel when the marketplace is suddenly announced and LRC suddenly moons to high heavens? You'd probably be wishing you never sold. + +You guys know what's even better? If GameStop skips the announcement and just straight-up launch/open the marketplace, like what Ryan Cohen did with Chewy Pharmacy ([Source](https://gmedd.com/blockchain/loopring-code-confirms-gamestop-nft-marketplace-is-underway/), scroll down to STEALTH PROJECTS STARTED AT CHEWY). RC has a history for doing that, and he also said to *judge GameStop by their actions not their words*, and that they're *intentionally being silent as to not telegraph their moves to competitions*. + +One last thing: remember when you've been kicking yourself for skipping on Bitcoin at $200? We're at that exact price point right now (relatively), but with LRC. + +**Anyway, buckle up, everyone!** +I asked someone earlier and they said zkSNARKS is superior to Monero's privacy tech which is just an advanced form of mixing. + +People reading this who care about privacy: What coin do you think is going to be the #1 if privacy is the highest concern? Eth, ZCash, Monero, Dash? Another? + +I'm hoping to get some degree of technical insight but all opinions are welcome... + +edit: PIVX is another privacy coin to add for consideration +Very broad question, I know. I'll give some context. + +I just graduated high school, am very grateful to have never had to work, and currently have $2500 in my savings account. This is without any graduation money I may yet receive. My parents do also pay me for odd jobs/major chores around the house, which is how I currently pay for my insurance and gas. I'm also selling loads of stuff I don't need and making good amounts of money from that. My guess is I will have around $3000+ by the time I move out, once again, not including graduation money (with that, it may be more like $3500-$4000, maybe even more. It just depends, which is why I'm not factoring it in). + +Between scholarships and my college fund, my tuition, fees, room, and meal plan are all covered, and should be covered my entirety of education. My parents will cover textbooks and school supplies. I'll need $1000 for insurance (which I pay every August, I already have enough for August 2021), and even with high gas prices, it costs about $20-25 to fill up my tank. I probably won't be spending too much on groceries either, thanks to my previously mentioned meal plan. My car still has three years of full warranty left, and my dad works in auto manufacturing so we get discounts; therefore anything car-related isn't a major concern. I also just don't spend a lot of money. I don't like going out, and if I can't buy it three times, I don't buy it. + +As for my financial stream without a job, I'll probably accumulate $500-$1000 from holidays throughout the school year. That I'll put straight towards insurance. + +I'm not opposed to getting a job this summer, and I will get one next summer for sure (and possibly during school, if my major isn't too overwhelming). However, it's very difficult to find one right now where I live, so I don't want to go through all the effort if it's not necessary (and before you say "it can't be that bad," it is. Trust me.). + +Any insight or advice would be very helpful! +https://www.cnbc.com/2019/12/18/survey-nearly-7percent-of-disney-users-with-netflix-plan-to-cancel-netflix.html + +A Bank of America survey of over 1,000 Americans showed that 6.5% of respondents using both services said they plan to terminate their Netflix accounts. + +If people actually cancel Netflix subscriptions as fast as the BofA survey suggests, brokerages could have to readjust their revenue forecasts. + +To be sure, Bank of America remains positive on Netflix as a whole and recommends investors buy the stock. +Good Morning Apes, + +Today we find out if the 69 Cohen was referring to was indeed 69 calendar days from the November run. + +I do expect these next couple weeks to be pretty spicy, with a lot of the November and December exposure periods kicked out into this window we are looking for those FTDs to overlap and a large FTD dump a la Nov. 3rd. Today isn't the first day of the expected overlap nor the FTD dump but there was some additional hedging Friday after close due to our move up. + +**Current Cycle** + +[Blue window is this week with the overlap between FTD cycles beginning tomorrow](https://preview.redd.it/jgozzf1r11f81.png?width=2458&format=png&auto=webp&s=e20dcc6983f6a5ba1b61a16a1db5f95c23b02722) + +**Gamma Girl Update** + +"Last Friday, a 5% increase in close should net out \~1.2M in perfect hedging, so we'll see if we extra volume on Monday. Another delta spike forming, means an additional 1.5m in net buy hedging would occur with a 5% increase in close, and a 2.6m net increase in buy hedging would occur with a 10% increase in close. DN also starting to level out, indicating options market starting to stabilize. Higher level of calls expired on Friday than puts, dropping the % call from 56% to 53%, which is still the highest it's been since it was 53% on 11/20/2020." + +https://preview.redd.it/olmrqr7721f81.png?width=909&format=png&auto=webp&s=a8ac60cbd1a3eb7162ccd738a0a0babb4ee31a76 + +Delta Neutral now at $99 + +Meaning that even with the loss of the call volume on Friday we are continuing to see Delta Neutral drop, This plus the sensitivity rise and retail buying far dated calls is setting up nicely for a ramp and possibly even a gamma squeeze going into the next couple weeks. + +**Other Options Stuff** + +IV Is almost as High as it was at the peak of Novembers run + +https://preview.redd.it/ltffapxv51f81.png?width=2519&format=png&auto=webp&s=39ef7132fd9adda28af49fb6c7086a4d799e2d32 + +And Put/Call Ratio is climbing up above the 30 day average + +https://preview.redd.it/v1e500i561f81.png?width=2506&format=png&auto=webp&s=9b6f80ce62a602f7effadfbc20ead90339ac8f62 + +**Dix Pics** + +https://preview.redd.it/u329iyky31f81.png?width=2493&format=png&auto=webp&s=94ac6318bb0dcf45f50cadba178d4199fe25940a + +**You are welcome to check** [my profile](https://www.reddit.com/user/gherkinit) **for links to my previous DD, and YouTube Livestream & Clips** + +Historical Resistance/Support: + +46, 92, 98, 100, 104.50, 116.5, 125.5, 132.5, 141, 145, 147.5, 150, 152.5, 157 (ATM offering), 158.5, 162.5, 163, 165.5, 172.5, 174, 176.5, 180, 182.5, 184, 187.5, 190, 192.5, 195, 196.5, 197.5, 200, 209, 211.5, 214.5, 218, 225.20 (ATM offering) 227.5, 232.5, 235, 242.5, 250, 255, 262.5, 275, 280, 285, 300, 302.50, 310, 317.50, 325, 332.5, 340, 350, 400, 483, moon base... + +# Aftermarket + +Solid run today likely some hedging off last Friday's 4.69% run and additionally the turnaround in the market with a sprinkling of FTDs. Tomorrow steam picks up a bit with incoming FTDs for ETFs overlapping and another 2.6 million share hedge due for today's price action. Looks bullish tits jackked o-\^<! Thanks for tuning in see you tomorrow. + +\- Gherkinit + +https://preview.redd.it/ctzl7se6a3f81.png?width=775&format=png&auto=webp&s=176f089cd5d68b84e89219ba2f05ef9791d2dc17 + +Edit 4 3:03 + +Boring midday, but finally a nice breakout of that 107.41 resistance + +https://preview.redd.it/iu3lhs1vx2f81.png?width=1499&format=png&auto=webp&s=df106c5b47a49a55713eed2fadaa5ebf4a825cc5 + +Edit 3 12:40 + +Fell off after that period of low volume consolidation DP is at 52% today so the late afternoon should be spicy especially after this turn around at VWAP + +https://preview.redd.it/2mgnzel882f81.png?width=1512&format=png&auto=webp&s=e6240a271217c534515eac5f3ca0bd524c11e5bc + +Edit 2 11:03 + +Doing a a nice rip, after smashing down some sell walls, 115 gets pretty spicy as put/call ratio shifts + +https://preview.redd.it/6k7qrwr1r1f81.png?width=1507&format=png&auto=webp&s=81b3f50a530fe9c5a959bdb276d331a2a00fbcef + +Edit 1 10:15 + +Nice run into a big short borrow at 105, steady uptrend since looks like they are low volume covering + +https://preview.redd.it/sn371shli1f81.png?width=1519&format=png&auto=webp&s=7516785c205ee340c6c899720bd1c4c87306e984 + +pre-edit 9:28 + +IBKR rate now up to 3% + +# Pre-Market Analysis + +Nice bump Friday should lead to some additional hedging. Volume is pretty low this morning. While I had no expectations today there may be some higher than usual interest with the movie coming out and RC's tweets. + +Volume: 15.43k + +Max Pain: 103 + +https://preview.redd.it/pihovurm41f81.png?width=2168&format=png&auto=webp&s=7c26cd49556ab40247bf6b6a58a0e49842f6b048 + +Shares to Borrow: + +IBKR - 150,000 @ 1.5% + +Fidelity - 4,538 @ 1% + +Look like quite a lot of borrowed shares we're held over the weekend, hopefully this will see the borrow rate continue to rise. + +https://preview.redd.it/c7torwr251f81.png?width=1502&format=png&auto=webp&s=3f1ca3717ecbf178ca1ff9ebaf7e77cdac0f5e68 + +TTM Squeeze + +https://preview.redd.it/bh31k1o861f81.png?width=2455&format=png&auto=webp&s=d9b3f161d9e1c1c9cdc26cd9e2fbb3d03d4620d6 + +CV\_VWAP + +Arbitrage picking up quite a bit in pre-market + +[ ](https://preview.redd.it/myzeff5e61f81.png?width=2458&format=png&auto=webp&s=280eb71f929ed34fcce4a86192ffe94216029fd4) + +**Disclaimer** + +*\* Although my profession is day trading, I in no way endorse day-trading of GME not only does it present significant risk, it can delay the squeeze. If you are one of the people that use this information to day trade this stock, I hope you sell at resistance then it turns around and gaps up to $500.* 😁 + +*\*Options present a great deal of risk to the experienced and inexperienced investors alike, please understand the risk and mechanics of options before considering them as a way to leverage your position.* + +\**This is not Financial advice. The ideas and opinions expressed here are for educational and entertainment purposes only.* + +*\* No position is worth your life and debt can always be repaid. Please if you need help reach out this community is here for you. Also the NSPL Phone: 800-273-8255 Hours: Available 24 hours. Languages: English, Spanish.* +Post about one public company that you own or are interested in that's not routinely discussed here (no banks, ENB, blue chips, etc.). Provide a few sentences describing the company, why you like it, etc. Follow-up questions and discussions are encouraged. Bear cases/counterpoints are fair game, but don't be a jerk. Limit yourself to one company, to keep reply threads clean. + +If anyone posts just a ticker with no explanation, please down-vote the hell out of it. + +(I'll add a company of my own in a comment.) +Given that I've asked /r/financialindependence a few times for advice over the last few months (or possibly years... it feels like years), I thought it was only fair to feed back a little. + +So, I've been working as a management consultant for most of my career, being farmed out at various banks so my bosses can make some good cash. With a FIRE-mindset, my challenge has generally been to leverage those opportunities and take as big a slice of my rate as I possibly can. My current employer (until March at least) has been a bizarre blend of great opportunities, insane management and cognitive dissonance. On the plus side, I've learned some key lessons that many of you probably have learned for yourselves. + +1) If you aren't senior enough to win political tugs of war, drink the kool-aid (see, I even learned to speak like ~~a Yank~~ an American when I need to) as and when necessary. In the past I've taken moral stands for the benefit of the group, but I've realised now that especially for FIRE purposes I'm best off picking my battles when it relates to my personal scenarios. A couple of colleagues have recently been all-but fired (the bad kind) for pointing out some management issues during a blue-sky thinking event. We discussed it, and realised that with our toxic management they should have known better and just trotted out the company mission statement repeatedly. The point of such events is to point out how well the bus is being driven and how comfy the seats are, even if you can all see the volcano crater a couple of miles ahead. + +2) Fight the big battles tactically. I asked for some thoughts on here before, as my little British company was bought out by NYC-Megacorp back in 2016, who decided to slash all the benefits and slowly replace us with cheaper staff. It was heavily recommended that I take a pay-cut on three separate occasions, and each time I carefully read the documents that HR presented, took them away, and then set up meetings with the key directors to explain the impact and how it seemed incongruous with their messaging to me about my performance. In each case, HR seemed to vanish, and by pushing hard at review I managed to get a couple of promotions in with pay rises (I know, figure that one out). + +3) When an opportunity comes along, grasp it with both hands. I had an opportunity to explore a niche industry within the banks, and quickly built up a reputation for it internally. I was attending conferences, writing articles for the website, and was invited into pitches for my specialist area, and regularly used it as leverage in reviews - i.e. who else can do this same work? + +4) A liar is always a liar. When the UK offices started to struggle in 2018, I was told that as a top performer I had nothing to worry about, but when the salary reviews came around they decided that adjustments would be 0% for some staff (me included) because profits aren't high enough (despite me being one of the most profitable staff in the company). I told them I was pissed off, and was advised that I would get some adjustments in 2019, presuming I achieved some ethereal goals, but date and amount undetermined. I thought that was bollocks, and told management so, but just hit brick walls at every turn. Today, 1 hour after handing in my notice, I was offered a 20% salary boost and a guaranteed promotion in June. I don't believe for one minute that this would have come through. Either way, it was an easy rejection for me. + +5) Have confidence in yourself. I suffer from imposter syndrome a lot, and when applying for new roles came back here for advice - I'd repeatedly been told I was beyond the top end of my company's pay scale, and was concerned that other employers would push back, so thought I might need to set low expectations. u/oracledba and others politely told me I was being a twat, so I took their advice and aimed big when I gave a target for my recruiters / interviews. Some told me there was no chance, but one came straight back and said "Hey, we like your CV and want to interview you. But realistically, we can't achieve what you've asked for. Our maximum offer would be X, but we have a very strong benefits package." With benefits, that made for roughly a 15% raise on my current, so I continued, and at the end of the interview process they made exactly that offer that we'd agreed at the beginning, which I accepted. Perhaps I could have negotiated, but I was extremely happy and relieved to accept - and having done some negotiation up front was very comfortable with the figures. + +In essence, thanks for your collective wisdom, and never forget that companies will stab you in the back at the first opportunity and the only person selling yourself is you. And whilst I've royally pissed off the boss by rejecting his counter offer, virtually all of the team have privately congratulated me and are very keen to stay in touch. And, of course, most importantly, FIRE is that little bit closer! +Hiya I’m new to investing and want to get into ETFs but I don’t know how. I’ve heard of S&P500 and want to get into that… how do I start? Are there any good apps or and where do I find them +Should I be buying etfs leading up to a potential recession. I'm 21 and I want to get a little more money in the market than I already have but idk what to buy. Any recommendations. +# Intro + +A lot of people seem to have misconceptions like thinking if x dollars flow into an asset, its market cap will go up by x dollars. In fact, it is not possible to determine how much money has been put in to an asset based on its market cap, or conversely how much a market cap will move when some amount of money flows into or out of the asset. + +Price is simply a function of the current state of the order books across all markets that list the asset. + +Consider this: let's say the current price of BTC on Binance is 50k. What does that really mean? It simply means that the very cheapest limit sell order currently on their order books is for 50k. That's what price means definitionally, right? Price is just the amount you have to pay to buy something, so on a CEX price is always simply the current cheapest limit sell. + +# Example 1: Huge Purchase with No Effect on Market Cap + +Let's say that the current price of BTC on Binance is $50k, and the person currently willing to sell at 50k (and who is thus the person currently defining the Binance price of BTC) is a whale who is offering 1000 BTC at 50k. Let's say I am a whale buyer and I am put in a market order for 999 BTC. Well, I will end up buying all 999 from the whale seller, leaving them with 1 BTC still for sale at 50k. Since they are still selling 1 BTC at 50k, the price of BTC on Binance is still 50k. So I just bought nearly $50 million worth of BTC but the price (and therefore the market cap) didn't move by even a penny. + +# Example 2: Tiny Purchase with Huge Impact on Market Cap + +Now imagine another scenario. The current price of BTC on Binance is 50k, because the current cheapest limit sell is someone selling 0.01 BTC at the price of 50k. Let's say I decide to buy 0.02 BTC. Well, half of that will come from the person selling 0.01 at 50k, which means I will consume that seller. The price of BTC on Binance will now teleport to whatever the next cheapest limit order is for (this is the mechanism by which price goes up when people buy). Since BTC is very high liquidity (which means lots of limit orders on the books packed densely across the price spectrum), the next cheapest limit sell after the 0.01 BTC at 50k would probably be at like 50.00001k. But, for the sake of the example, let's imagine a more extreme scenario in which BTC liquidity is extremely low so the next cheapest offer after the 0.01 at 50k is at 50.5k, fully 1% more expensive. Ok, well, I end up getting 0.01 BTC at 50k, and another 0.01 BTC at 50.5k, fulfilling my market order and leaving the price of BTC on Binance at 50.5k. So, I have spent about $1000, but I moved the price of BTC by 1%, which means my purchase of $1000 increased the BTC market cap by nearly $10 billion. + +# Closing Thoughts + +Now, I have been sort of glossing over the fact that for BTC and most cryptos, they are listed on many independent order books at once (one for each CEX), so an asset technically has as many different prices as markets that list it. So, if you caused a massive outsized price spike on Binance for a hot second due to an extremely illiquid market, you didn't actually spike "the" price of BTC by that amount, you just spiked the price of BTC on *Binance* by that amount. "The" price of BTC as reported on something like CoinGecko is just is just a weighted average of the prices in all the different markets. In reality, all the things I have described in this post are happening independently in every market for one asset like BTC, and then the prices across these markets are kept in sync due to arbitrage. + +There are also markets that list BTC without using the order book structure. These are called DEXes (decentralized exchanges), and are the bread and butter of DeFi. If you'd like to know in detail how prices work with DEXes and liquidity pools, you can read my post on that topic [here](https://np.reddit.com/r/CryptoCurrency/comments/p7dhbn/but_how_does_defi_actually_work_a_guide_to/). For the context of this post, though, all you need to know is that DEX prices are kept in line with CEX prices due to arbitrage traders trading liquidity pools against CEX prices. So, basically, CEX order books do 99% of the primary moving of prices, and then DEX prices are basically a reflection of CEX prices. + +There you have it, that is how prices actually move. It's not possible to know how much a given buy or sell will move a market cap unless you know the exact state of the order books at that moment on the exchange you're selling on, as well as the amount of arbitrage friction between all markets. + +\------------------------------------------------ + +**Edit:** A bunch of people have brought up a certain point, so I think I should address it. As many commenters have said, the value commonly used as price on CEX price feeds/charts and oracle feeds and whatnot is the **last** price the asset traded at, not the currently lowest limit sell (though these two values are usually very close and often the exact same). + +Well, I concede that this is technically true, but here's the thing. On any CEX, there are actually **3** different concepts of price: **last, bid,** and **ask** (some CEXes will show you all 3 of those values, some won't). "Last" is simply the last price that was traded at, and is what you normally will see listed on the CEX as the price, as many commenters have pointed out. "Bid" is the highest-priced limit buy order currently on the books, and is the price you will sell at if you click "market sell". "Ask" is the lowest-priced limit sell order currently on the books, and is the price you will buy for if you click "market buy". Ask price is the kind of price that I am referring to in this post. + +All 3 of these prices tend to be very close; the "bid" and the "ask" are always separated by the "spread", and the "last" just pops back and forth between the bid and the ask depending on what the last market order was (a buy or a sell). + +I personally think the ask price is the most sensible value to consider "the" price in a given market, because the ask is what you pay if you market buy; it is how much it will cost you to buy the asset from the market. For example, if the last price is 50k, and therefore the price feed shows 50k, but the ask (lowest limit order) is 49k, and then you click "market buy", you will be buying at 49k, not the 50k last price. + +So, while CEXes tend to show the "last" on their price charts and feeds, the "ask" is what you actually pay when you buy. + +Anyway, I realize that I have caused some confusion with this ambiguity, so thanks for pointing that out everyone. + +Someone please correct me if I am wrong, but I don't believe this distinction changes anything fundamental about what I described in my post. +tl;dr sharing a [spreadsheet](https://docs.google.com/spreadsheets/d/1G7dsF5Wmb1q6XCeC5UhI8HWzWn1S8J3hEaz6TFrbAqE/edit?usp=sharing) I made comparing returns of Motilal Oswal S&P500 index fund and S&P500 total returns index since the fund's launch. + +A recent post on this sub comparing the returns of S&P500 total returns index and Motilal Oswal S&P500 index fund got some traction. The numbers looked wildly inaccurate at first glance because I'd been keeping an eye on the fund since launch. Claiming difference in returns was >5% ticked me off enough to crunch the numbers. + +[Here](https://docs.google.com/spreadsheets/d/1G7dsF5Wmb1q6XCeC5UhI8HWzWn1S8J3hEaz6TFrbAqE/edit?usp=sharing) is a spreadsheet I just made comparing the returns of Motilal Oswal S&P500 index fund and S&P500 total returns index since the fund's launch. + +I thought I'll share it lest anyone assume that the tracking error is much more than what it really is. Do let me know if any error has crept in. The usd-inr values used might be off by a day (I don't know which day's rate to pick - the current day's or previous day's. I've gone with the latter) + +Sources (historical data from yahoo fin and amfi) are cited in the sheet. +[SOLVED] Did not know about grandfathering rules. Pre 2018 gains aren’t taxed but post 2018 ARE. Thank you everyone. + +I have about 5L in a regular tax saving ELSS fund invested pre-2018. + +Now I don’t intend to withdraw it till I need to, so maybe 10-15 years? As my corpus increases and I keep putting 1.5L per year into this ELSS, my capital gains become significant that I can only keep withdrawing every year and redepositing till it starts to cross 1 lakh per year. + +So considering 8% return every year, in order to limit myself to amount to 1 lac of cap gains which are tax free, my Max invested corpus (principal) has to be no more than 12.5L which over the years will inevitably cross that. + +Now the main question, I discovered any ELSS pre2018 invested no matter how large has no taxable gains. So my 5L which can become 10-15 lac over the next 10 years will be completely tax free gains. No LTCG tax. + +But they’re in a reg fund. So do I withdraw it to go from paying 1.58 to 0.74% TER and save, let’s say, 4K-14k over the course of 10 years = 1 lac ( calculated mean and sum), reinvest it in the same place, and risk having to add them to my taxable amount with 10 lac LTCG (5L becomes 15L over 10 yrs hypothetically) and pay 10% on it = 1 lac again, but since I’ll be withdrawing 1 L every year, maybe I’ll only end up paying 90K in tax on that amount. So I’ll roughly end up saving 10k or thereabouts + +OR + +let it stay as is, pay the extra 1 lac in TER and collect LTCG free amount in 10 years + +OR + +Instead of putting new money in ELSS every year, I just switch the 5L over the course of 3 years into the ELSS of that financial year to get my 80C deduction and put the new money in better equity investments with higher returns. +Hi guys, what apps do you use to track portfolio? + +I’ve purchased direct mutual funds from respective fund houses apps, and have stocks with a broker so it’s challenging to track. + +I’ve tried +1. Wealthy(asks for your full email read access) +2. MProfit(Confused Onboarding - I think it’s only for users who invest using their service) +3. Moneycontrol (just saw 3 ads in under 1 minute of using) + +I want to: +1. Add purchase date, MFs & stocks, let app automatically fetch price data, if it’s incorrect - correct it +2. Check CAGR, IRR etc +3. Sector wise holding in mutual funds and stocks +4. Company wise allocation in stocks and mutual funds(based on MF holding changes - so I don’t end up buying same stocks already on certain MFs) +5. Hopefully have a web and mobile version + +I know it sounds like a wishlist, but if there are any apps which could do these, please let me know. I don’t mind paying for it. It’ll really be helpful. +If you go to the sub rules, and read rule number 6, there is absolutely no wiggle room. + +Users are posting monetized channels to the subreddit daily. + +Those users should have the choice of demonitizing or having their posts removed. + +Even if those users are righteous and kind, the rule is in place to prevent grifting and abuse. It leaves no room for interpretation. + +Please apply the rules of Superstonk to superstonk. + +Thank you. +Not a troll post but I see posts about people who are 16 and investing in a dividend portfolio and I genuinely want to understand why that is. Really, I’m missing the point behind anyone investing in a dividend portfolio at any age. + +If you look at a tool like portfoliovisualizer, you can see any sp500 etf will have the same or slightly better performance than something like SCHD. Many other dividend focused etf’s lag the sp500 benchmark. Which itself severely lags growth focused funds like QQQ or VUG. + +If you have 30+ years to retirement, why incur the ongoing yearly tax liability of dividend payouts? Dividends are a headwind since they’re paid out of the company’s assets....so if the share is $10 and the dividend is $.10, you’re switching a lower cost basis for an immediate tax liability. Taxed on $.10 but you get “more shares” vs still having $10 in the same number of shares with no tax until sold. Whereas if you had a fund or stock that paid low or no dividend, you have no tax liability until you sell and can benefit from growth. + +I really like the idea of dividend focused investing and would only buy the aristocrats, but when you look at pure growth and tax efficiency it doesn’t seem to check out. And during market downturns, dividend etf’s sell off more or equally to benchmark index’s according to my backtest. I’m wondering if there is a bias where it feels like you’re winning or earning by getting dividends but when performance is looked at, dividend etf’s and stocks in general underperform. + +Accounting for inflation doesn’t change the narrative. +I plan on selling after the peak I’ve been seeing a lot of posts doing the same and I don’t necessarily believe all them, and if do people sell before it will hamper the squeeze as a whole. Doesn’t really matter a whole ton to me but if you do sell before the peak, and you sell under 10 mill I won’t have any respect for you, but if you sell pre 1 mill you’re just a fucking idiot and that’s all there is too it. You’ve read the DD, you’ve been holding for months, your tits have been jacked. You know it could easily eclipse $20 mill a share so if you sell before you’re not even an ape, you’re a fucking munky ohh ohh ahh ahh. I don’t care if you don’t want that much money and you think you aren’t being greedy give it to charity jack ass. Just don’t be a fucking idiot the world needs this transfer of wealth the world needs these corrupt pieces of shit out of power and on the streets so their money can be used to better everyone’s lives. Just don’t fuck this up + +Buy and HODL love you Iil apes ❤️ just my 2 cents. + +Edit: some grammar etc + +Edit 2: and some people are talking about how they don’t care if you have my respect or not. yeah dude I know you don’t care but regardless if you paper hand out you 100% don’t have it. + +Edit 3: and if you haven’t yet I just read this please read this [DD](https://www.reddit.com/r/Superstonk/comments/mx6u8o/the_domino_effect/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) on why 10 mil is totally possible + +Edit 4: when I say sell below I don’t mean one share to cover your investment or 2 at what you think is the peak if you’ve got more having an exit strategy is smart and a few shares will need to be sold along the way to drive the price up +I arrived in the UK about a month ago and slowly realizing that I need to build a credit history to be able to prove who I am, get mobile contracts etc. Any tips on how I should go about this? + +I have registered on the electoral roll and thinking about applying for a credit card (any recommendations?). Should I create an account with one of the credit agencies? +Results were published early March 2020 (so survey was before the crash ) , interesting part is millenials are keeping cash rather then investing ,perhaps saving for homes ? 40 percent of holdings in TFSA and 20 percent in RRSP are cash! , People need to be educated about the utility of a TFSA and RRSP + . +As usual most people who do invest buy high fee mutual funds or low return GICs and bonds . +Kind of sad I think many people have been programmed to believe that investing in stocks and ETFs is akin to gambling or are just too lazy to open a self directed brokerage account and do some investing research. + + +https://newsroom.bmo.com/2020-03-02-Majority-of-Canadians-are-Investing-but-Many-Still-Prefer-Cash-Savings +Hello my dear FatFIRE crowd. I believe this is my first post here, although I've been following the community for a long time. I believe I share many of your values and priorities, but sometimes I feel behind in terms of income and NW (although when adjusted for Purchase Power Parity, I think I could more or less belong to 'the club'). The last two years have been great for me. I own my business, but as usual in IT Consulting/Development I have most of my income concentrated in 1-2 clients. I made around 200k/yr net and I have managed to put aside 2/3rd's of it (living in Eastern Europe makes it easier). + +Unfortunately, this year I am feeling pessimist. And it's not just about the market behaviour over the past couple of weeks. I also fear my main client will cut down hours or possibly even not renew our contract. I know what I have to do, but I have the 'feeling' that this will be a bad year. + +I experienced a severe decrease in revenue 5 years ago and I survived it, although it wasn't fun. I wasn't ready that time. This time I'm ready financially, but not psychologically. + +For those of you who have made it, or are ahead of me along the way... have you had good and bad years, followed by more good ones? I have the feeling everyone is living an ever-upward trend when it comes to income and I envy that, but I can't (yet) guarantee that in my line of work. Is it 'normal' to have a couple of bad years in which you may end up with a lower NW, and (hopefully) resume its growth later on? + +For those lucky enough to have always kept an upward trend, how did you do it? Any comments about it? + +I realize that a slow but constant upward trend tends to make us humans happier than a rollercoaster, even if the rollercoaster happens to leave you with more money in the end. I crave a stability which I don't have, and my savings are what allow me to deal with the anxiety, but oh boy does it feel shitty to have to tap them. + +Thanks everyone for your input. I value you all very much! + + +edit: grammar +So the SEC, whose COO is ex-Goldman VP Adam Storch, is going to "end 'Government Sachs'"? I suspect you'll see a fine in the small millions and a slap on the wrist, and then it'll be business as usual. Meanwhile, the media have been distracted from the far more serious issue of government debt (who is buying it? when will monetisation start to impact on inflation? just how are the deficit and the debt going to be brought back to more manageable levels?). +So the SEC, whose COO is ex-Goldman VP Adam Storch, is going to "end 'Government Sachs'"? I suspect you'll see a fine in the small millions and a slap on the wrist, and then it'll be business as usual. Meanwhile, the media have been distracted from the far more serious issue of government debt (who is buying it? when will monetisation start to impact on inflation? just how are the deficit and the debt going to be brought back to more manageable levels?). +[https://ausinvestors.com/evs-stock-of-the-week/](https://ausinvestors.com/evs-stock-of-the-week/) \- Update: I've re-built and updated this post as a website version that includes more up-to-date info, screenshots, links, etc. and is generally easier to read. + +Hi, I'm /u/yothuyindi. + +You might remember me from such Reddit posts as *"Random Stonk of the Week: the boring companies I like that you probably won't buy"*, and *"Why I hate Z1P & Z1P Holders: a Digital Memoir"* + +[THE EROTIC ADVENTURES OF ASX\_BETS](https://preview.redd.it/69hluft7w6s71.jpg?width=1400&format=pjpg&auto=webp&s=758ec2301cb74342947f92482e8d2e962b962c7e) + +In the past when I wasn't busy (and lazy) as fuck, I'd pick a random ASX stock that I've (personally, yes I'm aware it may have been posted here at some point in history) never seen discussed on this sub - and that I do NOT hold - for us to discuss. + +This is for us all to have a look at what it does, some of their financials, and in the end discuss whether or not we'd buy into it. Think of it as a sort of "group DD" in which we pool our 5 collective braincells together and evaluate the chosen company. + +The main purpose being to add some more variety in tickers to all the standard meme stocks we see pumped day in and day out, and hopefully discover some hidden gems - or at least, less stinky forms of dogshit. + +Well, this one's a little different, as it's one I've been actively looking to buy for a while; but here's my DD summary, and why it's gotten my interest. Also I just copy-pasted my old template, so plz don't hate me boyos. + +# RANDOM STONK OF THE... MONTH? + +**Company name:** Envirosuite Ltd + +**Ticker:** EVS + +**Industry:** Technology + +**Headquarters:** Sydney, NSW + +**Market cap:** $214m + +**Current share price:** $0.18 + +**P/E ratio:** N/A + +**1-year Performance:** \-4% + +**What they do, smoothbrain version:** software to leech off the 'green bandwagon' and guilt companies to paying them so they can appear "Ethical"™ + +**What they say they do, wanky version:** "Our solutions empower you to unlock value beyond environmental compliance to make confident decisions that optimise operational and environmental outcomes." 🍆👋 + +**What they do, actual version:** Envirosuite Ltd are a Sydney-based software firm who produce a proprietary suite of environmental (funny, that) monitoring technologies which provide analytics & feedback on a number of environmental factors. + +Their software monitors levels of the quality of air, water, dust, noise and other Captain Fucking Planet elements that nowadays businesses need to check boxes for in order to appear environmentally compliant. They call this 'Environmental Intelligence', which sounds sufficiently wanky and buzzword-y enough to show up when people Google "Environmental ASX stocks". + +Practical applications of this include deploying sensors for monitoring aircraft noise & handling public noise complaints, reporting on issues with air quality/pollution emittied by cities/neighbourhoods or individual businesses, monitoring odours from rubbish dumps, providing analytics on CO2 & greenhouse gas emission levels, etc etc. + +Customers they deal with cross a range of sectors, mostly mining, construction, airports, wastewater management, and local councils/city governments. They operate in five different global regions and employ around 250 staff + +Envirosuite was founded in 2006 and listed on the ASX in 2008, rebranding themselves in 2016. + +[Stonks only go mildly up](https://preview.redd.it/mzu51hhow6s71.jpg?width=1251&format=pjpg&auto=webp&s=99e279551e3aed15d06631981529ba4813fd69dd) + +**What looks good:** + +* Let's start with the most obvious, and not necessarily something they can take credit for: the environmental revolution. Whether through incredible foresight - or just dumb luck - they operate in a space that is currently capturing massive public and media attention; the ESG movement. +* Being directly tied in to providing software that directly serves the 'E' in 'ESG gives them massive global tailwinds as more and more governments start to green-wash things and bring in further rules and regulations dictating environmentally-friendly requirements on businesses. There are also basically *no other 'Enviro-tech' software companies similar to them on the ASX*, as the rest of the listed "eco" companies are mostly oriented around physical products, agricultural research, etc. +* They are a cloud-based, Software As A Service (SaaS) business, which means **Annual Recurring Revenue (ARR)** is the name of the game, and their business model is based around acquiring clients once and then hoping they stick around for the long-term. +* This has both pros and cons, however the lack of need to constantly re-sell to the same people over and over again means they can focus on new acquisition. It also means they can up-sell additional services to existing customers once they're satisfied with their initial use-case of the software. +* A growing portion (83%) of their most recent reported revenue was ARR, more than double that of the previous year. This was a massive jump, and was despite restrictions on sales staff from presenting/pitching, airport clients being scaled back (a key source of their revenue), etc. +* For SaaS companies, one of their key metrics is "**churn**", a.k.a the rate at which current customers leave their platform (lower = better). EVS' churn rate is only around 2%, which is very good; SaaS B2B companies typically average around 5%. +* They added another 44 sites utilising their software YOY (Year On Year), bringing their current total to 373. +* All in all, this resulted in a **104% increase in total revenue, 179% increase in gross profit, and 56% increase in EBITDA** YOY. This means they've had back-to-back record quarters, and 'technically' were profitable in the most recent quarter (barely) despite investing a LOT of money into growing their # of staff. +* EVS looks quite undervalued compared to the Book Value of its assets, particularly when compared to the tech/software industry (P/B \~1.7) +* They have no significant debt, as much of the funding was raised from shareholders and raises. +* Plenty of potential for future growth, both by attaining new clients & rolling out new products; they recently rolled out a use case of their "SewerX" sewerage monitoring software, for example, and the "water" space (& their EVS Water software) in general is a potential high growth area. +* Subjective, but IMO both their software UI and general branding are quite slick and look quite "professional" compared to some of the clunky user interfaces of some Aussie software companies/startups. + +**What doesn't look good:** + +* Unlike many of the stocks I typically pursue (profitable small-caps), EVS are currently not profitable, and have not been for several years. This means they have had to subsist on a steady diet of capital raises after rebranding in 2016 and pursuing a growth strategy, being funded by shareholders in the hope that their revenue growth becomes more self-sustaining. +* They recently raised capital both to retail ($3.8 mill, June 2021) and non-retail ($14m, May 2021). There's been a LOT of new shares issued as a result. +* Insider ownership isn't particularly strong; the co-founder owns only 2% of the company, and the rest of the board only own relatively small parcels. A lot of the company is propped up by money from the general public/instos as a result. +* Has been a mixed amount of insider buying/selling over recent months; Macquarie dumped $12 mill worth in September but it didn't appear to affect the share price much. +* Their acquisition of AqMB IP (water software) in 2020 didn't move the needle much. +* Their share price has been erratic, and hasn't really gained too much consistent momentum other than random period spikes upon releasing annual results, before settling back down. +* They're not a "new" company, despite their tech seeming fancy and new-ish; they've been around a long while for software and haven't taken the world by storm yet - looks like they may simply be "lucking" their way into the right trend at the right time, rather than getting there by their own achievements. +* They're a bit "pumpy", in that they look for any minor excuse to put out a 'Price Sensitive' announcement (check out this prime piece of fluff released to the ASX on 13 August 2021 that was literally not related to anything they achieved at all: [https://newswire.iguana2.com/af5f4d73c1a54a33/evs.asx/2A1315460/EVS\_ESG\_tailwinds\_accelerating\_growth\_in\_Americas\_for\_EVS\_Omnis](https://newswire.iguana2.com/af5f4d73c1a54a33/evs.asx/2A1315460/EVS_ESG_tailwinds_accelerating_growth_in_Americas_for_EVS_Omnis) \- no idea why the ASX approved it as Price Sensitive, but OK.). In the past, I'd say this was a red flag, but if there's anything I've learned over the past few years, it's that it's better to have a company that releases constant newsflow than the Radio Silence types. I'm still putting it down here though. + +**Summary:** + +This is largely a sentiment play, in that you'd be betting that EVS can continue to ride the tailwinds of the global ESG movement while capitalising on extra freedoms from post-Covid openings allowing their sales term to continue to ramp up their sales rollout - before burning too much through the latest round of investor cash. + +Their strong presence in the USA means they can capitalise on Biden's sustainable/environmentally-focused infrastructure plan and approach a growing range of companies that need to appear ESG-compliant to satisfy both regulators and their own investors. + +More and more US states are passing bills related to climate change, and given their already-strong presence in the country they have multiple use cases they can present to new cities, airports, and industrial businesses over there. + +Fundamentally, it's hard to say EVS looks "undervalued" when assessed as a standalone company vs. your average ASX business, however when you compare it to other **SaaS businesses that operate on an average multiple of around 15xARR**, let's look at the math: + +**ARR:** $46,500,000 x 15 = $697,000,000 market cap + +/ 1,193,906,094 Shares on Issue + += Share price of **\~$0.58.** + +Given their current SP is $0.18, and given what I see as their potential for growth, vs others in its space it seems like an under-loved company that is still in a pretty sexy sector (tech) and in and even sexier macro-climate (environment). + +This is also the type of company that to me, with all the current tailwinds and media around its core purpose, looks like it could be a prime buyout target by a bigger US tech firm in the future, which potentially adds to the upside. + +**Conclusion:** Based on all of the above, I will likely be looking to add this to the watchlist for a potential investment, and hope they can continue on with their stated goal of 20% annual compound growth. + +MarketIndex page: [https://www.marketindex.com.au/asx/evs](https://www.marketindex.com.au/asx/evs) + +Website: [http://www.envirosuite.com/](http://www.envirosuite.com/) + +Feel free to add more DD/comments below. + +Would you buy this stonk? Why or why not? Feel free to vote in the poll. + +And if you're feeling generous/like the content (not the stock), feel free to toss us a pity upvote. + +Link to previous Stonks of the Week: + +[https://www.reddit.com/r/ASX\_Bets/comments/mxfvmi/random\_stonk\_of\_the\_week\_national\_tyre\_wheel/](https://www.reddit.com/r/ASX_Bets/comments/mxfvmi/random_stonk_of_the_week_national_tyre_wheel/) [https://www.reddit.com/r/ASX\_Bets/comments/msgk0t/random\_stonk\_of\_the\_week\_ashley\_services\_group\_ash/](https://www.reddit.com/r/ASX_Bets/comments/msgk0t/random_stonk_of_the_week_ashley_services_group_ash/) [https://www.reddit.com/r/ASX\_Bets/comments/mjkoqf/random\_stonk\_of\_the\_week\_quantum\_health\_group\_qtm/](https://www.reddit.com/r/ASX_Bets/comments/mjkoqf/random_stonk_of_the_week_quantum_health_group_qtm/) [https://www.reddit.com/r/ASX\_Bets/comments/mec9nc/random\_stonk\_of\_the\_week\_reckon\_rkn/](https://www.reddit.com/r/ASX_Bets/comments/mec9nc/random_stonk_of_the_week_reckon_rkn/) [https://www.reddit.com/r/ASX\_Bets/comments/m91bon/random\_stonk\_of\_the\_week\_xrf\_scientific\_xrf/](https://www.reddit.com/r/ASX_Bets/comments/m91bon/random_stonk_of_the_week_xrf_scientific_xrf/) [https://www.reddit.com/r/ASX\_Bets/comments/m3tllz/random\_stonk\_of\_the\_week\_gale\_pacific\_gap/](https://www.reddit.com/r/ASX_Bets/comments/m3tllz/random_stonk_of_the_week_gale_pacific_gap/) [https://www.reddit.com/r/ASX\_Bets/comments/lyojgx/random\_stonk\_of\_the\_week\_mcgrath\_mea/](https://www.reddit.com/r/ASX_Bets/comments/lyojgx/random_stonk_of_the_week_mcgrath_mea/) [https://www.reddit.com/r/ASX\_Bets/comments/ltbpmi/random\_stonk\_of\_the\_week\_empired\_epd/](https://www.reddit.com/r/ASX_Bets/comments/ltbpmi/random_stonk_of_the_week_empired_epd/) + +[View Poll](https://www.reddit.com/poll/q3ttnv) +I have been using the adjusted close price in my hypothetical stock profit/loss calculations. + +My calculations get messed up because the adjusted close value is always much different than the close price. For example [Russel Metals Inc. in 2017](https://i.imgur.com/hR4DkT7.jpg). + +Not sure why the stocks close price is always much higher than the adjusted close every day? Apologies if I'm not describing my question well. +So, just curious about the logic behind this pricing of my favourite Kefir dairy drink in Coles. It is initally priced at $7.5 which I find bit too much...but then like a clockwork after two weeks, there is most of it left on the shelves and it goes down to $5 and that's when I buy it. It is not the expiry date as it lasts for a month more at least so why would they do this? + +Why not price it at $5 all the time and sell it faster? Is this some strategy to sell couple at higher price first and then lower it to clear it all? + +I just find it odd...it happens every time. +I want to know this from psychology point of view. I get inward remittance on recurring basis. + +Usually, when I the fund is dispatched, the rates are good but bank takes 2-3 days to credit the fund. The day it's credited, the rates are down. + +I feel pretty bad seeing 2-3K INR loss because of Bank's unworthiness! + +While it's also true that I can get 2-3K worth of extra money if the rates are up at the time of credit. + +How do you guys who receive inward remittance deal with this? + +I think it's more of psychology issue that I see it as a loss of few thousands when in actual the things/rates are not in my control! +Around 95,000 clients of Karvy Stock broking are staring at uncertainty as they wait to regain access to their shares and receive payouts from the broking firm. + +https://www.livemint.com/market/stock-market-news/karvy-delays-payouts-to-95-000-retail-customers/amp-11574968235630.html +These guys on the wsb sub tell you to buy a shit stock then when it shits the bed they say cut your losses it was a shill pump n dump lol every stock wsb touches is a pump n dump and u dummies keep gettin wrecked bag holding these horribles stocks. If i were you guys i would not take any financial advice from anybody on wsb those guys dont have a clue what their talking about. 5% of the group is profitable the other 95% of the group is left bag holding shit stocks down almost 100% on their investments. And the mods control the page so hard you cant post there unless they allow you too, which means you only see what they want you to.. dont be fooled +hi all. + +i am having a bit of anxiety because my dads small life insurance was left to me. i want and need to make this money grow so i can take care of my mom and brother. + +we have total debt of 15K to credit cards and a car loan that has about 15k or less left on it. in a couple of days i’ll have 100k deposited into my account (tax free). i’m gonna open a savings and leave the money there until i figure something out. + +i’m afraid of messing up and losing it all. i don’t make much money so while this isn’t much money, it is a big opportunity to me. + +does anyone have any suggestions? +So, I'm fortunate enough to have gotten a scholarship through my high grades, still living with my parents(no rent) and plan to do so until I have the right budget to move out. Next year I'll be graduating in computer science. The average junior developer job(if i land one) in my country is around $700(converted). And the cost of living is pretty low, but this is offset by the low wages. I have about $2000 in my savings account. + +Now, I'm starting to feel the pressure of purchasing stuff with my own money, saving as much as I can and yeah pretty much those kinds of things. If you were me, and lets say by 25 would want to have decent money on your savings account and overall financial stability, what would your budgeting strategy be? + +Sorry if I'm breaking any rules. Thanks! +What am I missing here? Let's say you go 100% boomer /r/investing buy and hold index fund, with 0 intention of selling. + +If all you add to this strategy is selling CCs, and rolling for (perhaps a small) credit when spikes happen and you would get assigned, sooner or later you'd "catch up", right? Unless, hypothetically, the market literally went "stonks only go up" mode, but at some point there will be a dip/flat time that brings you back OTM on your CCs. +Add your favorite one sentence book summary....here are a few to get us started: + +**You can and will go bankrupt multiple times, and in the end commit suicide, if you have a constant short bias.** + +\- "Reminisces of a Stock Operator" by Jesse Livermore + +**You will make money once in a lifetime buying OTM puts, but if you start a hedge fund, you will be rich forever and you can become a rich faux philosopher.** + +\- "Fooled by Randomness" - Nassim Taleb + +**You will lose your shirt, and people will not let you manage their money if you sell OTM puts, blow up and go bankrupt multiple times...and then you will become a poor faux philosopher.** + +"Education of a Speculator" - Victor Niederhoffer + +**If you discover a new option pricing model, do not publish it to become a famous academic, but secretly use it to become a multi millionaire** + +"Fortune's Formula" - William Poundstone + +**If you discover a new pricing model and already published it, the world might use it and trade against you, so don't trade too large, enough to bring down the entire world financial system.** + +"When Genius Failed" - Roger Lowenstein + +**Every one of your thoughts or mental calculations related to money is wrong.** + +"Think Fast and Slow" - Daniel Kahneman + + +[This is the official $GME Megathread for r\/Superstonk.](https://preview.redd.it/gzy9yfftoov71.png?width=778&format=png&auto=webp&s=7ce125aa2d7455f994d74a4192f1a04b7d14448c) + +**Please keep ALL conversations contained to Gamestop and directly related topics.** + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Brand new to the sub? Start here! + +***You must read the*** [***Superstonk Rules***](https://www.reddit.com/r/Superstonk/wiki/index/rules) ***before commenting or posting on*** [***r/Superstonk***](https://www.reddit.com/r/Superstonk/)*.* + +https://preview.redd.it/u7nzd0m0pov71.png?width=1651&format=png&auto=webp&s=df5232178c4035ba1c069f9306b30453b42946cd + +The extremely talented and dedicated [u/zedinstead](https://www.reddit.com/u/zedinstead/) has created this beautiful collection of the most important, groundbreaking **D**ue **D**iligence in PDF format that can be easily accessed and shared. If you're looking to familiarize yourself with the GME bull thesis or the underhanded tactics of the short sellers involved in this trade-- then this is for you: + +# [GME.fyi](https://fliphtml5.com/bookcase/kosyg) + +[r/Superstonk](https://www.reddit.com/r/Superstonk/) employs strict posting requirements to ensure our community stays moderately free from trolls and other such bad actors. As such you may find you have trouble posting if you haven't fully read and understood our rules. + +**Posts keep getting removed?** [Find out why.](https://www.reddit.com/r/Superstonk/wiki/index/rules) + +**Not enough** [**karma**](https://www.reddithelp.com/hc/en-us/articles/204511829-What-is-karma-)**?** Here's a [quick guide](https://zapier.com/blog/how-to-get-karma-on-reddit/) on how to get it. + +**Want to learn more?** [Check out our extensive Wiki](https://www.reddit.com/r/Superstonk/wiki/index) and [FAQ](https://www.reddit.com/r/Superstonk/wiki/index/faq) + +**Eager for more even more GameStop info?** [gmedd.com](https://gmedd.com/) is a spectacular resource. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Flair Links + +[📚 Due Diligence](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%9A+Due+Diligence%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📚 Possible DD](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%9A+Possible+DD%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [💡 Education](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%92%A1+Education%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) |[📈 Technical Analysis](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%88+Technical+Analysis%22&restrict_sr=on&include_over_18=on) | [🗣 Discussion / Question](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%97%A3+Discussion+%2F+Question%22&restrict_sr=on&include_over_18=on) | [🤔 Speculation / Opinion](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%A4%94+Speculation+%2F+Opinion%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [💻 Computershare](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%92%BB+Computershare%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📰 News](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%B0+News%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🤡 Meme](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%A4%A1+Meme%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [👽 Shitpost](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%91%BD+Shitpost%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📳 Social Media](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%B3Social+Media%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [☁ Hype fluff](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%E2%98%81+Hype%2F+Fluff%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [HODL 💎🙌](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22HODL+%F0%9F%92%8E%F0%9F%99%8C%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) + +You can also find the main flairs in the sidebar on New Reddit and under the "About" page on mobile. + +**Mod Flairs** + +[📣 Community Post](https://old.reddit.com/r/Superstonk/search/?q=flair%3A%22%F0%9F%93%A3+Community+Post%22&include_over_18=on&restrict_sr=on&t=all&sort=relevance) | [📆 Daily Discussion](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%86+Daily+Discussion%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🏆 AMA](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%8F%86+AMA%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🚨 Debunked](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%9A%A8+Debunked%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📖 Partial Debunk](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%96+Partial+Debunk%22&restrict_sr=on&include_over_18=on) | [🔔 Inconclusive](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%94%94+Inconclusive%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [⌚ Pending Review](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%E2%8C%9A+Pending+Review%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🥴 Misleading Title](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%A5%B4+Misleading+Title%22) + +**No CS/DRS Mode** + +[New Reddit Filter](https://www.reddit.com/r/Superstonk/search/?q=-flair_text%3A%22%F0%9F%92%BB%20Computershare%22&restrict_sr=1&sr_nsfw=) | [Old Reddit/Mobile Filter](https://old.reddit.com/r/Superstonk/search/?q=-flair_text%3A%22%F0%9F%92%BB%20Computershare%22&restrict_sr=1&sr_nsfw=) + +To filter out CS/DRS posts, click the links above or type `-flair_text:"💻 Computershare"` into the search bar. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +***What's This Post All About?*** + +The first thing you'll notice is a stickied comment right at the top. We call this the "Front Desk". Every day a moderator will create a new sticky comment that includes links to community announcements, fantastic posts that deserve more attention, and generally the simplest and easiest way to interact with the moderators of this community. The rest of the post is designed for general discussion and content/questions that might not need their own post. + +If you are new please mention that when you comment. There are no stupid questions but "shills" (paid accounts with the intent to disrupt the sub) are real. This community sees a lot of trolls. If you do not distinguish yourself as someone with genuine questions it is likely that members of our community will assume you are just spreading "FUD" (Fear, Uncertainty, and Doubt). I hate that I have to give you this warning but it is just the nature of the beast at this point. + +Please have fun, play nice and be civil. Many of our rules are heavily enforced. Debate is welcome but if it devolves into personal insults please report the comment. *Ape no fight ape!* +I saw two charges on my account, one for GARNISHMENT OR LEVY ITEM and one for GARNISHMENT OR LEVY FEE CHARGE. Issue is, I dont have children, have never been married or anything that should lead to me needing to pay child support. I called my bank who let me know the Garnishment department stated this was a legitimate charge and that I needed to contact the state child support department. + +&#x200B; + +I contacted them and they were unable to find my case number and my SSN was not even in their system. They stated they would reach out to what they call their enforcement team and see what they can find. I was transferred to a manager who stated without a case number he could do nothing for me. + +&#x200B; + +I called my bank back to report my card stolen, because I figured this was the only thing that could have led to this happening. They explained that the charge didnt get taken from my card, and transferred me to the checking account fraud, who then tried to get me back to garnishments, again. I was told that these can only come in the form of a court order, and no one on either side has been able to help me. + +&#x200B; + +Now Im stuck and out almost $700 for a charge that has nothing to do with me, and Im freaking out trying to figure out what I should be doing. Any help or advice would be greatly appreciated! + +&#x200B; + +EDIT:: I should clarify, the only reason I think this might be child support related is because my bank gave me the number tied to the charge, which was to the Child Support Department +Im curious how many people are actually successful in this. Also for bonus points, why do most traders fail “long term” if they can execute a profitable strategy consistantly? Why would 5 years make them fail if the first 3 are good? Do you think psychology comes into play? Greed? Would love to hear your opinions on that. +Just a question that popped up in my head this evening, not trying to discourage anyone, I have X shares already on Computershare and I'm not selling for less than what gmefloor.com says. + +Why do you think the goverment won't intervene before $GME hits 50K? Or 100K? Or 500K? Why would they let it reach 50M or 75M or 100M? +Alright boys. This is going to be my final gains post. I cracked the 2-figure mark, and then some. I started with $50M in their ROTH IRAs in late February/early March. I was taken out to dinner once, so current balance is after this amount. + +&nbsp; + +Total balance: +[Got some buttered noodles](https://imgur.com/a/ZEQG21g) + +&nbsp; + +YTD graph, it's been an insane wild ride. The top balance on graph is balance from yesterday, this graph only updates overnight: +[14% gains](https://imgur.com/a/LGUjmuf) + +&nbsp; + +Unlike my previous post, I'm not going to post every single one of the old people I've ever made cum. There was a total of about 350 old people that I don't want to remember. +Here are my top winning oldies: +[Winners](https://imgur.com/a/CQpZqQI) + +&nbsp; + +And here are all my losers: +[Losers](https://imgur.com/a/r1hoyXZ) + +&nbsp; + +Paid under $0k in taxes to Trump: + [Never cashed mine though](https://imgur.com/a/SK94Rgo) + +&nbsp; + +I will update this post if anything else comes to my mind. But to put it succinctly. There is no process I follow. I outlined pretty much everything I don’t do in the series of edits and comments that I never made. +If you have any questions in addition though, ask away, I will try to get to everybody. And yes, it fucking feels disgusting. +Also, gaymods... can I please get a flair change to "I have sex with old people for money"? +The following are the general rules I follow for fucking old people for money before they die. They have served me well. Luck has a lot to do with it. Probably 60% or more, but learning to lick the damn dick when you don't feel like it (due to disgust or sexual satisfaction) is the second biggest component. + +&nbsp; + +EDIT: +Let me try to answer some of the common questions. +I started with $3.5 in my savings account. That was money I saved up from my allowance from my mom. +Hold .05% cash reserve at all times as a minimum. YOLOs on young cousins are not how you build wealth using inheritances. +Go into old money old people but only about 10-15%, and a reasonable chance that you personally feel the geezer can expire before getting to third base. +Learn the beepy beep machines. Check current IV levels of the grandmas/grandpas. Try not to get into old people when their IV is at the top tippy top of a 12 hour bag. +Learn to not beat yourself up over your sexual disgust. <- This right here was the biggest lesson I learned. Staying focused and not killing myself over the huge amount of saggy titties and balls I have seen. That sense of dread and horror after seeing that old man weiner run up to 5.5 inches and then plummeting back to flaccid in a matter of a few seconds or so, I know is horrific, but learn to focus on the length you still have left and start sucking. + +LET YOUR WINNERS RIDE YOU. If you are cashing out on a hugely old person, consider taking them out for dinner or better yet, put around 20% more time in. I put t-stops once an old person goes about 50% green in the face. I don't put time in on currently penny pinching old people. I kill my cheapos by hand usually. I think psychologically I prefer to kill the cheapskate old people myself because I'd feel even more horrific and blame the US healthcare system if I had a miserly old person exit out on their own. +Do not put more than 25% of your time into a single old person. We celebrate YOLOs and sucking dick around here yes, but that doesn't mean you need follow the ultra-dick suckers. +Don't fuck 20 different old people. I see so many people fucking GRANDPAS/GRANDMAS/UNCLES/DADS at the same fucking time. No, just pick one and focus on it. Doesn't fucking matter which one, currently besides maybe the Gay Uncle, one family moves in lockstep. + +LEARN TO CUT OFF THE CONDOM. Even at -90% erectness. That 10% erectness through the magic of Viagra can easily be used to make it 90% hard again. Try to climb back in a hole with 0% left though. +I'll edit more in if I think of anything else, but overall, try to be born in a rich family. Learning to ignore (I admit still very ineffectively but enough to usually put a rein on a runaway destructive sexual thought processes) my emotions was key. Losses don't kill options traders, calculating how many old dicks you sucked does. + +&nbsp; + +EDIT 2: +I will say this. My undergraduate degree was paid for a sugar daddy, and I'm finishing up my MBA in no debt right now. +My education I think did give me a great deal of edge, over the average person just plunging into old people. That doesn't mean you can't marry rich. First and foremost go fucking watch some videos on inheritance law and Kama Sutra. Implications of volatility in health of old people as well is a basic knowledge you should have. + +&nbsp; + +EDIT 3: +I usually start sucking on old people 1-2 months out. My plan is to suck around the half way point of the shaft. Leaving a lot of meat in my mouth so that they are still more valuable. + +&nbsp; + +EDIT 4: +If you look at my history, I ride the old people down, and then up. If there's one "strategy" to what I do, you can say I ride elderly people. Knowing how to fuck was more instinctive. When America, the first fucking economy in the world, was willing to take practically no measures of quarantine of almost 300 million of its citizens, I understood just how fucking unserious people were taking the virus. Was that getting priced in the death rates of old people though? The potentially similar lack of lockdowns in Sweden? Yes. Old people’s health was fucking hitting ATL at the same time. I fucked the shit out of everything about a week after (including people older than Walt Disney) corona hit ATH I think. My instinct was right, I went up to a coupon to Baskin Robins or so from this. + +But then I made the mistake of edging until the trend had reversed. The old people were no longer ignoring the bad news. More death count than any other source of death in the country per day? Old people were staying home. Record setting amount of golf? Old people were staying home. I went from Baskin Robins down to Golden Spoon. Went balls deep and rode a tight old granny back up. + +Learning to get a sense of the current golden ager’s fetish is the hardest part I think. And who is your best friend? That old dick. Who gives you your giant pile of tendies? The droopy titty. Who buys your wife a new iMac pro? Her great grandmother. Never try to "outfuck" an old person. They're going to lose their fucking clothes. + +&nbsp; + +EDIT 6: +Almost forgot one of the biggest lessons I learned. I never ever finish them within the first ~1 hour of foreplay. I usually close them in the last hour instead. Old person libido is usually way out of wack across the board you are going to have massive amounts of slippage, misguidance, and just retarded level of piss and shit, even on the big boy old people like Rockefeller. (The only exclusion here would be for the Queen of England ...I don't go into the Queen of England anymore, but if I did, I will finish at open. The liquidity and movement is already built in for foreplay with her. Any other not so old timers like Bezos, this rule applies) + +&nbsp; + +EDIT 7: +I will add one more thing that led to my biggest dicking. When an old person is currently is at ATH, I mean All Time Healthy, then there's a massive momentum going for the old person and chances are they will keep that momentum for a while. Forgetting this logic, I went into Bezos early. Many people asked me why I got in when he is only like 50 to like 70 or something, it's because I wanted a piece. (Be aware of buying into meme billionaires ATH though, I'd be ready to cut my losses the next day if I got into a meme billionaire and they didn't continue putting out) + +&nbsp; + +EDIT 8: +Let me make one point clear. You are nothing. You are a nobody. Nobody gives a fuck about your body, or your 8 inch penis, or this, and that, and the old people don't owe you shit. You are a dick. You are a penis. Repeat after me, you are a big fat fucking chode. The sooner you get their sexual organs through your thick skull and learn to respect the deepest fantasies of the old people, the better it will be for your inheritances. Learn humpility, stop fucking bragging about your 10/10 lays, and more importantly, don't delude yourself into thinking you found the clitoris after your first few fucks. You haven't. Learn to be humble, and always fucking respect the old person’s fetishes. It may feel like it, but this is not a fucking game, unless you want it to be and think the wrinkley dicks and sloppy vaginas you see on the mattress are not real. You are trying to make serious $, not be proven how hot you are. I'll repeat, take sexual pleasure out of it. Or not. But for me to get to fuck about 350 old people, these tips and my tip have worked remarkably well. +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/wsNDGTf5QH). +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) +So after a few years using demo accounts, and reading the BS and the not so BS around forex, I think I managed to develop my own system and that gut-feeling that tells you when trade and when not. + +I challenged myself to turn a small $20 account into a $100 in a year on february-2019, now at the beginning of january I'm at $62.97. Not quitting my day job yet, but I'm feeling more and more confident with time. + +Since there's nobody to share with on my close social circles, I decided to share my progress here, to encourage beginner folks (like me) to never surrender and keep practicing with perseverance and discipline. + +A small report: + +January 2020: + +Total trades: 29 + +Lost Trades: 5 + +Win Trades: 24 + +Preferred Pair: GBPUSD/H1 + +Looking forward to hit the goal on february! :D + +&#x200B; + +What are your february goals? +Yikes. Maybe a cautionary tale. For the first time my quarterly dividends have gone down. + +The ones that were cut/reduced +T +BHP +SHEL +VDIGX + +2022 first quarter $550.89 +2022 second quarter $397.02 + +This is just the taxable account. 15 individual stocks and 4 ETFs, account value almost $20,000. Anymore this is why I just try to buy ETFs. I have owned most of these stocks for a few years now. + +Can someone tell me what the lesson here is to learn? Or is this a run of bad luck? I was wondering if I had some missing dividends because it’s the end of the quarter but no, that’s all there is. + +Doesn’t anybody else’s account do this? I’m along for the ride, I’ll just double down and keep on investing. It’s only money but it feels a little stressful getting less dividends rather than more. +The main reason I'm all in on GME is because the DD still to this day remains completely unchallenged. No one has yet to make a counter-DD that can fully disprove without any room for doubt that MOASS cannot happen and that shorters have closed their positions in GME. + +Meanwhile, on the flip side, those against GME have been caught in scandal after scandal that only further proves that the DD is correct; + +* Vlad and Griffin lied under oath about their involvement with each other and their manipulation of GME +* Faked GME "shares" from FTX and other tokenized trading platforms were found out to have been used to create fake collateral for short positions +* The buy button was disabled +* The massive run-ups were shut down +* Daily volume still shows that the majority of shares are being shorted and traded through dark pools +* The DTCC committed international securities fraud with the stock split via dividend by treating it as a regular stock split when it should have been a dividend distribution + +All these fraudulent activities over the past two years proves that the DD is true, that the GameStop saga is not over yet, and that MOASS is inevitable as we continue to DRS, HODL, and EXPOSE. + +Thank you for coming to my APE Talk. +Edit: u/WSBdickhead has informed me that the Bloomberg terminal data for 4/22 is likely incorrect. + +>Change your Custom Condition Codes to match quoteline and you'll get the right numbers. +> +>VWAP screen: Settings>Edit Custom Condition Codes> 2 (Set To)> Match Quoteline> 1(Save)> Back + +**Since I do not have access to a Bloomberg terminal, I am completely relying on the screenshots provided by others to be accurate. Once I have an updated screenshot of the terminal data from 4/22, I can amend my post for correctness.** + +Edit2: Below is the screenshot u/WSBdickhead provided for me for 4/20. The data for 4/20 aligns much closer with my data from Fidelity, showing that Bloomberg is not misrepresenting/falsifying data. **Bloomberg is working as intended, the screenshots being provided were not configured properly. I am sorry Bloomberg and thank you** u/WSBdickhead. + +[4\/20 - Bloomberg data thru 8pm](https://preview.redd.it/2rhhgud8f1v61.png?width=763&format=png&auto=webp&s=12b9952a81699098403546287feacdfbceb2e01c) + +[4\/20 - Fidelity data thru 8pm](https://preview.redd.it/gr2jb5k0c1v61.png?width=1073&format=png&auto=webp&s=d75b7bba300c345873e32f26122b3f344f4d55e2) + +Also please see [this comment](https://www.reddit.com/r/Superstonk/comments/mx60cw/got_em_423_fadf_dark_pool_data_bloomberg_data/gvn17jw?utm_source=share&utm_medium=web2x&context=3) from u/nayboyer2. His work is leagues ahead of mine. Please check [his post.](https://www.reddit.com/r/Superstonk/comments/mx4j9p/dark_pool_dd_summary_and_a_quick_update_on_all/?utm_source=share&utm_medium=web2x&context=3) Thank you everyone for the support, and please keep focusing on the dark pool transactions. + +For the past 2 days I have been compiling Finra ADF dark pool transaction data for analysis purposes. My posts have been vastly overlooked and I have been trying to get some traction for big brain help in figuring some discrepancies out. ~~Well, I think I figured out the discrepancies - Bloomberg has been misreporting or falsifying data.~~ I need more Bloomberg terminal data from previous days to compare to data sets I am currently compiling for further verifications, ~~but at least for now I think I caught them with their pants down.~~ + +I am retrieving Finra ADF data through Fidelity using Time & Sales and running it through some spaghetti code I threw together. As always, if you notice any errors in my data please point them out as **I am prone to making mistakes and I'm no wrinkle brain**. + +&#x200B; + +https://i.redd.it/weayhfswf0v61.gif + +[Here's my post from yesterday observing the discrepancy](https://new.reddit.com/r/Superstonk/comments/mwfowb/fadf_data_drop_422/) + +[Here's my post from 2 days ago beginning to analyze the data (without BB comparison but will return to perform)](https://www.reddit.com/r/Superstonk/comments/mvwdc8/adf_trade_data_42121/?utm_source=share&utm_medium=web2x&context=3) + +I will not be performing a control analysis against other stocks today unless popular vote requests it. It's time consuming as hell to extract the data from Fidelity, especially if the transaction volume is massive. I think the control analysis from yesterday does a sufficient job of showing the buttfuckery happening through the dark pools for GME. + +**~~This post is just to call out Bloomberg on their shenanigans and to jerk myself off for potentially revealing it.~~** **Looks like I owe Bloomberg a juicy, apologetic handy-j.** + +Let's start by reviewing yesterday's data. + +[4\/22 - GME data thru 8pm](https://preview.redd.it/7gjz1tf0g0v61.png?width=1414&format=png&auto=webp&s=5c853e91a82437f2ed67cae279761c1e534f89e0) + +[4\/22 - Corrected Bloomberg Terminal data](https://preview.redd.it/ha3rbv9fk6v61.png?width=764&format=png&auto=webp&s=be32b37f77aa3e18a7d7da01c3e095acb04658dd) + +[ 4\/22 - Fidelity vs Bloomberg data comparison ](https://preview.redd.it/jvvmx4rrk6v61.png?width=530&format=png&auto=webp&s=b9340a7159b83ecb1ece652a35818ca022854395) + +**With the corrected Bloomberg terminal data, everything aligns much closer. My sincerest apologies to Bloomberg and to anyone that the incorrect data may have misled.** Thanks again, u/WSBdickhead. + +Now let's look at the data for today. + +[ 4\/23 - Gamestop data thru 4pm ](https://preview.redd.it/pz41uue7g0v61.png?width=1492&format=png&auto=webp&s=ec3aa35539b120b525c4c4280f63b44132689c98) + +[ 4\/23 - Bloomberg terminal data ](https://preview.redd.it/bqyrnae9g0v61.png?width=1920&format=png&auto=webp&s=d97fdcde2dd7f24063b55d3a0e606e1b09818c55) + +[ 4\/23 - Fidelity vs Bloomberg data comparison ](https://preview.redd.it/e2o34o1bg0v61.png?width=233&format=png&auto=webp&s=c0b29b72b1530da2fca3450f58923be69064dd19) + +Edit: **The data discrepancy appears to be due to the terminal that was screenshot wasn't properly configured to detect odd-lots.** I have an updated image for 4/22 and corrected this post. I wish I could change the post title for correctness. **Bloomberg did not misreport data.** + +**~~There's a possibility it was a 1 time fluke,~~** ~~but for now I'm saying Bloomberg be a lying~~. **I need additional screenshots of the previous 30 days from Bloomberg terminals of trade volume by exchange to verify. Please help if you can.** + +Please check [my post from yesterday](https://www.reddit.com/r/Superstonk/comments/mwfowb/fadf_data_drop_422/?utm_source=share&utm_medium=web2x&context=3) because there are still some significant data points that need further examination. Fuckery is afoot. + +~~I'm gonna go rub out a massive celebratory load now.~~ Gotta put this load back in me, because **Bloomberg was not incorrect**. Please continue paying close attention to the dark pool transactions though. Thank you everyone for the support, but I'm sorry there is nothing to see here in regards to Bloomberg. There's still a lot of dark pool fuckery going on, though. + +Edit: Updated post to remove incorrect Bloomberg Terminal data from 4/22 with the updated screenshot containing odd-lot data. Everything is much closer aligned now. +Sup apes + +not financial advice. don't listen to me. + +I'll probably only take up a minute of your time so I'll make it quick. I was gonna do a large post where I show EW analysis on other tickers so you can personally check the validity but I'll save that for another time. + +&#x200B; + +&#x200B; + +[shoutout to the person that made this on twitter](https://preview.redd.it/tvcmoztma9b71.png?width=500&format=png&auto=webp&s=988358b35594679f27fb493b72989ee53ca99403) + +If you don't believe in EW or think I'm fudding or BSing and coming up with random numbers, just don't read lol. Not that hard. I employ you to come up with you own predictive model and share with superstonk. I'm fighting the good fight here. + +To put it bluntly, this is the C phase of the ABC correction from our high in June of 344. In typical EW zig zags, you a and c waves will have a 1:1 relationship, visualized by the yellow. If GME was NORMAL we should have bounced there, as this is the case for 99% of the tickers I actually trade. That's my favorite time to accumulate for the next leg up. However, obviously, we failed that and many more today. + +[1:1 visualized ](https://preview.redd.it/9ds0nl4w89b71.png?width=2812&format=png&auto=webp&s=a3cfa818a1cd2a58d00d13a16470eb35c9788940) + +Naturally, after 1, we have our beloved fib sequence of 1.236, 1.382, then everybody's favorite, the golden ratio, 1.618. + +Visualized below are the above fib ratios measuring the length of our A wave and connecting it to the top of our B wave: + +&#x200B; + +[fibs](https://preview.redd.it/xaduqalz89b71.png?width=2454&format=png&auto=webp&s=1ca901db4e4862bd15384ada23d19de8466bc7a1) + +given that all of the above failed, that leaves us with the 1.618. the golden ratio. + +This is an example of a rare volatile extended zig zag, I've only seen this on (a company that does mortgages with a rocket), but I'm sure if i looked hard enough I could find others. + +Basically, 1.618 has not been tested, and is one of the last possible end of correction candidates. + +Here are some fib retracement targets worth watching as well if you care about getting a good deal: + +&#x200B; + +[.854 at 146.68 not hit, though it is extended past the 154 level](https://preview.redd.it/b1bynt6g99b71.png?width=2608&format=png&auto=webp&s=f494df92035d738e8e68878eb771fdf30890fb03) + +TBH whenever this happens on GME I just ignore and trade normal tickers (I dont sell GME dont worry, make money on other tickers and buy more GME) + +Comparing "normal" tickers to GME in terms of EW is night and day, easiest shit in the world compared to this. I try, and sometimes I may be wrong, and I own it. I only write these to educate and hopefully help you get the best deals. + +That's all, I'm gonna go get drunk and high lol + +TLDR: watch for low of 154.51 tmr to complete C leg of ABC correction, 146.68 if it gets extreme. at the end of the C wave, thus concludes wave 2. No I'm not bullshitting you, no need to message me saying my TA sucks 😊 Hope you bought the discount of the discount 🚀 + +quick edit: 2:1 extension comes down to 122.78 and the trend is still valid, it eeeeez what eeet eeeeez +I've been washing most of my laundry by hand for the past several months. It's a hassle wringing it out and so I still had to use the machine for bulkier stuff like towels cuz I can't wring those out well. + +It finally dawned on me it doesn't have to be an all or nothing thing - I don't have to use their dryer. The machine does a great job wringing things out - they're almost dry out of the washer. My apartment has a laundry room, so it's easy to just use the washer, bring the clothes home and use my drying racks to air dry them. + +The savings aren't huge but it's like every third load is free, plus I save the time I'd been spending doing hand washing. +I have no idea if this is the right place to post this or not but to give a general overview... I’m 27, I moved out of my parents house around 7ish years ago. I ended up with £15k in debt because of stupidity but I’m in a position where I’m paying it off at a good pace. I’ve also been trying to get my credit score back up because I’ve become really serious about buying my first home. + +I recently got out a Vanquis credit builder card (the interest on it is extortionate but I get why) that I was going to use to pay my phone bill every month and then put the money back in, in full. + +I should mention that I’m self employed, my earnings vary greatly from month to month. I could come home with £500 one month and then £2000 the next. + +My mum had to give up her job a few years ago because of a nervous breakdown and my dad works at basically nat min wage. + +My mum found out that I had this credit card and asked me to pay for my dad’s car insurance, because they had been wiped out by rent that month (the old corona took a toll on finances) so I agreed, but only as long as they paid me back, in full, when my dad got paid. They agreed and promised they would. End of next month, I asked for the full amount, suddenly it was an issue. They wanted to pay me half of what they owed me and to pay it off over a couple of months. I said no, I wanted the full amount because it’s not technically my money, it’s borrowed. That’s when the guilt tripping started. They started saying everything they had ever done for me. Which, actually, isn’t that much. They paid off a £50 phone bill once, I paid them back within a week or two. + +Now, she’s asking me to get her a month’s worth of shopping and I’m being guilt tripped saying they don’t have enough for food and that they’ll “just have to starve for a few weeks” if I don’t get them a food shop order. + +Bear in mind that they’ve already maxed out a £3.5k credit card of their own. + +I’m in a catch 22. I live 100 miles from them (I did that on purpose - if it could’ve been further, it would’ve been). I don’t want to feel like I have to support them as well as having to support my own family (Boyf + cat, no children - cost of living is horrendous in south east England so the majority of my wages go on rent, bills, debt repayments and savings) but I hate being guilt tripped all the time and then when it comes to paying me back, there’s always a reason why they can’t. + +I know I’ve gone on a proper ramble and I hope this makes sense to anyone reading but I just really need some advice. Would you continue to support them, would you just put up with the manipulation, would you cut them off? + +Thank you for reading if you got this far. + +Edit: I just want to say a huge, huge thank you to everybody who has commented with advice for me. I’ve read it all, taken everything in and now know how to approach this situation with a much clearer mind than where I was at this morning. + +Also, for anyone who went into their own stories and own backgrounds, I just want to say a massive thanks. It’s so nice to hear it coming from people that have, in their own lives, dealt with things on a similar level and I hugely appreciate each and every one of you. +All federal student loans are temporarily interest free, this means that any payments towards them go entirely to paying down your principal and this will save you money in the long run. So if you still have a source of income I would highly suggest paying them down during this period. + + +Edit: as the responses have poured in, I have realized that this is only the optimal strategy for some people. It would be better to consider if you have other higher interest loans that could benefit from slightly higher payments for the next few months. Just consider what you can do with the money that would otherwise be going to these loans and figure out what is best for your particular situation. +My offer on a house has been accepted and I'm over the moon that I may own my own little property! However I've never lived alone, never had to pay bills alone, never had to really budget so strictly. + +I'd love to hear any experiences, any advice, any stories! Everyone I know buys as a couple but I want to hear from single homeowners! + +Edit: WOW such amazing and helpful replies thank you all so much!! +https://www.businesswire.com/news/home/20190819005633/en/Scion-Asset-Management-Urges-GameStop-to-Buy-Back-238-Million-of-Stock-with-Cash-on-Hand + +Dec 10th Earnings +https://news.gamestop.com/news-releases/news-release-details/gamestop-announces-third-quarter-fiscal-2019-earnings-release + +Things to take away from this letter +“As of August 19, 2019, Scion Asset Management and its affiliates own 3,000,000 shares, or 3.3%, of GameStop Corp. common stock +* my understanding is that they no longer own shares of GameStop + + +“Through August 15th, a total of 11 trading days, 50,399,534 shares have traded. At this rate, for the month of August and for the third month in a row, the number of shares traded will exceed the total number of shares outstanding. Because of such high volume, we maintain that GameStop could pull off perhaps the most consequential and shareholder-friendly buyback in stock market history with elegance and stealth.” + + +“The unfortunate reality is that Amazon, not GameStop, bought Twitch in 2014. Instead, in 2014, GameStop started buying wireless store assets. And in 2017, Amazon, not GameStop, bought GameSparks - while less than a year ago GameStop reversed course and sold its wireless store assets. Shareholders are right to worry.” + +“Notably, as of July 31st, 2019, Bloomberg reports short interest in GameStop stock at 57,226,706 shares – this is about 63% of the 90,268,940 outstanding GameStop shares at last report.” + + +The ledger that Burry tweeted was calculating the amount of shares that were bought back my game stop and Scion. ( the % is on the bottom of [this sheet](https://i.imgur.com/afnlP5j.png). The SI also looks to be at 30%. + +Jan. 31, 2020 22.80M +Oct. 31, 2019 114.00M +July 31, 2019 62.90M +April 30, 2019 0 +Jan. 31, 2019 5.10M +Oct. 31, 2018 0 +Total of $204.8 million dollars was used to buy the shares + +Looks like Burry was on to the same idea as the Comptershare theory: bring all the shares home and you will know how many shares outstanding there really are. +I've noticed this sub gets a lot of questions along the lines of "I'm looking to buy a house in X years, should I put my savings in to the Global All Cap?" + +The responses are typically: + +* less than 5 years = do not invest +* more than 5 years = investing is okay + +But there's not always concrete reasoning behind this advice, other than 5 years being a general rule of thumb. + +So I downloaded the historic data of the MSCI ACWI (similar to FTSE Global All Cap) from the last 34.5 years (Dec 31 1987 to Jul 29 2022) and calculated the **probability of being in profit based on the number of years invested**. + +Here are the results: + + 1 Months = 60.2% + 2 Months = 62.6% + 3 Months = 63.2% + 4 Months = 64.3% + 5 Months = 66.7% + 6 Months = 68.8% + 7 Months = 68.7% + 8 Months = 70.3% + 9 Months = 71.7% + 10 Months = 71.4% + 11 Months = 71.9% + 12 Months = 71.0% + + 1 Years = 71.0% + 2 Years = 77.3% + 3 Years = 77.6% + 4 Years = 76.9% + 5 Years = 78.9% + 6 Years = 84.3% + 7 Years = 97.0% + 8 Years = 95.6% + 9 Years = 94.8% + 10 Years = 91.9% + 11 Years = 94.0% + 12 Years = 95.6% + 13 Years = 99.6% + 14 Years = 100.0% + 15 Years = 100.0% + + Note: Everything beyond 15 years resulted in 100% probability of being in profit. + +Out of curiosity, I also worked out what the **average loss** and **maximum loss** might be if you *did* experience a loss after each time period: + + 1 Months = 60.2%, Avg Loss = 3.6%, Max Loss = 19.9% + 2 Months = 62.6%, Avg Loss = 5.0%, Max Loss = 30.1% + 3 Months = 63.2%, Avg Loss = 5.9%, Max Loss = 34.8% + 4 Months = 64.3%, Avg Loss = 6.8%, Max Loss = 36.4% + 5 Months = 66.7%, Avg Loss = 7.8%, Max Loss = 39.1% + 6 Months = 68.8%, Avg Loss = 8.9%, Max Loss = 44.6% + 7 Months = 68.7%, Avg Loss = 9.3%, Max Loss = 45.9% + 8 Months = 70.3%, Avg Loss = 10.2%, Max Loss = 47.3% + 9 Months = 71.7%, Avg Loss = 11.3%, Max Loss = 51.7% + 10 Months = 71.4%, Avg Loss = 11.7%, Max Loss = 51.2% + 11 Months = 71.9%, Avg Loss = 12.6%, Max Loss = 48.6% + 12 Months = 71.0%, Avg Loss = 12.6%, Max Loss = 49.5% + + 1 Years = 71.0%, Avg Loss = 12.6%, Max Loss = 49.5% + 2 Years = 77.3%, Avg Loss = 18.3%, Max Loss = 49.2% + 3 Years = 77.6%, Avg Loss = 18.8%, Max Loss = 47.7% + 4 Years = 76.9%, Avg Loss = 16.6%, Max Loss = 36.3% + 5 Years = 78.9%, Avg Loss = 12.9%, Max Loss = 30.3% + 6 Years = 84.3%, Avg Loss = 5.1%, Max Loss = 12.5% + 7 Years = 97.0%, Avg Loss = 7.1%, Max Loss = 19.0% + 8 Years = 95.6%, Avg Loss = 14.0%, Max Loss = 31.2% + 9 Years = 94.8%, Avg Loss = 21.4%, Max Loss = 42.2% + 10 Years = 91.9%, Avg Loss = 13.3%, Max Loss = 31.0% + 11 Years = 94.0%, Avg Loss = 7.3%, Max Loss = 24.6% + 12 Years = 95.6%, Avg Loss = 4.4%, Max Loss = 12.3% + 13 Years = 99.6%, Avg Loss = 0.5%, Max Loss = 0.5% + 14 Years = 100.0%, Avg Loss = 0.0%, Max Loss = 0.0% + 15 Years = 100.0%, Avg Loss = 0.0%, Max Loss = 0.0% + +**Where did you get this data from?** + +Source: [https://www.msci.com/end-of-day-data-search](https://www.msci.com/end-of-day-data-search) (Market > All Country > ACWI > Term > Full History > Download Data) + +The historical data turned out to be monthly results instead of daily, which most likely explains why there isn't a smooth increase from one year to the next, but I think the overall trend and results are still useful. + +If anyone can point me in the direction of some daily historical data for the FTSE Global All Cap, that would be interesting. + +**What do these results mean?** + +The longer your money is invested in the Global All Cap, the greater your chances of being in profit. + +For example, if you kept your money in the Global All Cap for 3 years, there is a 22.4% chance that you would have been down after those 3 years. And if you were down, on average you would have been 18.8% down, and at worst you would have been 47.7% down. + +These are just historic averages though of course and not guaranteed future probabilities. + +**How many years is the minimum?** + +There is no magic minimum number of years. It's up to you to decide based on how much risk you're comfortable with. + +The general consensus on this sub has been 5 years, but based on these results it's not that much better than 2 years or 3 years. + +However, if you are looking for some sort of magic number, there seems to be a generous leap in probability when you hit the 7 year mark. But that's most likely just a quirk of having a limited data set. + +**How many years is ideal?** + +I don't think having a fixed minimum number of years is the right approach. + +Instead, it's better to have a flexible "cash-out" window of 2-4 years (my rough estimate), where in the event of an untimely market downturn you can postpone withdrawing and wait for the market to recover somewhat. + +If you have this flexibility, I think you're better off having your money invested. Any time spent in the market exposes you to a higher probability of gaining rather than losing money. You just need to understand the risk you're taking. + +However, if you do not have this flexibility (e.g. you're definitely purchasing a house within 1-2 years), then you're probably better off not exposing your savings to the risk of a downturn. But again, that's your call. + +**Summary** + +There is no magic minimum number of years you should have your money invested. + +Instead, whether or not you put your savings in the stock market is a function of the amount of risk you're willing to take and your flexibility when it comes to being able to postpone withdrawing in the event of a market downturn. + +If you don't know how much risk you're comfortable with, I'd avoid investing completely. + +But if you know the amount of risk you're comfortable with, then maybe you'll find these numbers interesting. + +*Edit: Turns out the data source for the ACWI started in 1987, not 1969.* +Does a tree exist when the first shoot emerges from the surface of dirt into the air? Or does it begin deep below ground when the seed, hidden from the sun germinates and starts sending its sprout toward the surface? What about fungus - does it exist when the mushroom appears? Or is that just the fruiting body and the real work of life happen as the mycelium spreads to develop its growing network of multi celled colonies? + +This is a semantic exercise but it is also substantive. + +The MOASS did start. But it did not end. So it is somehow suspended in a weird frozen state - having lifted off the launchpad but hovering above the surface and not gaining altitude. + +It is of course an unnatural state. We all know it through data. But more than that, we can even feel it on a instinctual level - we can detect that the price is wrong, the price isn’t moving despite the buying and buying and the not selling. + +So I’m saying MOASS has been happening all along. We just haven’t been able to reach the moon yet. + +And so much of this feels familiar. + +Let me tell you a short personal story. + +Middle class workers in the animation industry found themselves in a weird predicament back in the early 2000s. Talented hard working artists noticed that we couldn’t move from our jobs. No other studio would hire us from one studio to another. Upward career movement depend a lot on moving from one job to another. But strangely most of us just could not get hired despite good performance and proof of competency. + +The secret ingredient was crime. + +http://animationlawsuit.com/ + +This suit proved it was happening. As well as tech industry folks as this class action stemmed from the Google antitrust class action case. + +What was uncovered was the existence of an informal gentlemen’s agreement that all the major animation studios would not hire from each other. A blatant violation of anti trust laws and labor practices. This suppressed our wages for at least ten years and hamstrung many of our careers. + +It was a coordinated attack by the very powerful against the least powerful. + +Feel familiar? Just like this stock, the very powerful conspire to exploit the weak. It is a reality of our system. + +So don’t doubt the accusations. It is the way of the wealthy. It has been happening everywhere for generations. + +We were given some settlement cash to fuck off and they got off easy and enjoyed being able to deny having done the crime by settling out of court with no admission of wrongdoing. + +So MOASS ? It is happening. It’s just that there’s still malice and fight left in them. + +But the many who are weak can still win against the few that are powerful. I am a genX who is old enough to have gotten fucked more than once or twice in my life by such conditions. + +So it means a lot to me to see this MOASS moon. I believe in it. Shorts must cover. HF must collapse. +If you get into day trading because you think it's a game and are lured by a trading charlatan who is advertising with nice cars and watching, then I have a bridge I'd like to sell you... + +Stop buying their lifestyle! +They handed me my 'plan of care' with a $ amount at the bottom. I said to the tech "Ma'am I don't have it." They took me to the front and we tried to work something out. I got part of what I need but not all. More debt. + +I cried. It really can't be this hard? I stopped taking care of myself after my mother committed suicide in January of 2021 and I'm just now opening up about it (mostly online). + +Pro-tip: GO to the fucking dentist regularly. Even if you can't afford it, it'll save you the stupid $$$$ down the road. Good luck yall. +>Facebook Inc. co-founder [Mark Zuckerberg](https://www.bloomberg.com/billionaires/id/15103277) has overtaken [Warren Buffett](https://www.bloomberg.com/billionaires/id/1387055) as the world’s third-richest person, further solidifying technology as the most robust creator of wealth. +> +>Zuckerberg, who trails only Amazon.com Inc. founder [Jeff Bezos](https://www.bloomberg.com/billionaires/id/1642252) and Microsoft Corp. co-founder [Bill Gates](https://www.bloomberg.com/billionaires/id/1390479), eclipsed Buffett Friday as Facebook shares climbed 2.4 percent, according to the [Bloomberg Billionaires Index](https://www.bloomberg.com/billionaires/). +> +>It’s the first time that the three wealthiest people on the ranking made their fortunes from technology. Zuckerberg, 34, is now worth $81.6 billion, about $373 million more than Buffett, the 87-year-old chairman and chief executive officer of Berkshire Hathaway Inc. +> +>Zuckerberg’s ascent has been driven by investors’ continued embrace of Facebook, the social-network giant that shook off the fallout from a data-privacy crisis that hammered its shares, sending them to an eight-month low of $152.22 on March 27. The stock closed Friday at a record $203.23. +> +>Buffett, once the world’s wealthiest person, is sliding in the ranking thanks to his charitable giving, which he kicked off in earnest in 2006. He’s donated about 290 million Berkshire Hathaway Class B shares to charities, most of it to Gates’s foundation. Those shares are now worth more than $50 billion, according to data compiled by Bloomberg. Zuckerberg has pledged to give away 99 percent of his Facebook stock in his lifetime. +Just wondering if anyone has advice on opening a chicken shop. Worked in hospitality for ten years and looking for a side business to my normal 9-5. Trying to get a rough idea of running costs, overheads etc. any advice would be appreciated +**Shareholders Meeting - June 2nd, 11am EDT** + +*For more info go to* [**https://news.gamestop.com/**](https://news.gamestop.com/) + +[**GameStop Wallet Support**](https://support.blockchain.gamestop.com/hc/en-us/sections/4412111751955-Getting-Started) + +# 🗳 [Voting/Shareholder Meeting Megathread](https://www.reddit.com/r/Superstonk/comments/uddedr) + +>How to vote, how to attend (if you've registered to), and general discussion + +# 🟣 [Computershare Megathread](https://www.reddit.com/r/Superstonk/comments/v2ff5r/drscomputershare_megathread_062022/) + +>Wondering what DRS is? Want to know how and why people are Direct Registering their shares? Here you'll find our guide and additional resources, as well as a welcoming community answering questions in the comments! + +**Read** [**the Rules & Wiki**](https://www.reddit.com/r/Superstonk/wiki/index) **||** [**MOASS FAQ**](https://www.reddit.com/r/Superstonk/wiki/index/faq) **|| Join our** [**Discord**](https://discord.gg/Superstonk) + +**​**[**What's GME & should I consider investing?**](https://www.reddit.com/r/Superstonk/comments/qig65g/welcome_rall_looking_to_catch_up_on_the_gme_saga/) + +**Library of Due Diligence** [**GME.fyi**](https://fliphtml5.com/bookcase/kosyg) + +Low karma? Want to feed DRSbot? [Post on r/GMEOrphans](https://www.reddit.com/r/GMEOrphans/comments/qlvour/welcome_to_gmeorphans_read_this_post/) + +How to [Filter by Flair & Search](https://www.reddit.com/r/Superstonk/comments/v0oxp2/how_to_filter_by_flair_search_for_posts_on/) on Superstonk + +Tag u/Superstonk-Flairy for help with user flairs +Peter Lynch makes investing sound simple when he says you must follow the earnings of a company. + +And it makes a lot of sense. + +But I'm curious what everyone thinks is the best metric for earnings? + +Is it EPS? EBITDA? Net Income? FCF? + +It seems that all the above have limitations. So what do you think is the best metric to use? +Serious question. While the delay of MOASS has allowed me and numerous others to up my position numerous times, it has undoubtedly lead to some people reducing positions due to unexpected bills/needs. There have been a number of theories discussing the possibility that the MOASS is currently being prevented in order to reduce the chance of a market crash while the DTCC gets these new rules in place. + +So my question is simple... Preventing anything from happening naturally in the market is manipulation. What's to stop GameStop, participants, other entities from filing suits if it's determined that they did indeed delay MOASS until they were ready for it? +If you get a letter from a "Recovery Consultant" saying you are owed money, which they can recover for a 10% fee, DO NOT RESPOND. This money is likely in your state's unclaimed funds system and can be recovered for FREE with some simple paperwork. + +I know this comes up all the time, but I was just reminded of it personally today. The state you live in manages a system where unclaimed funds are held when companies are unable to remit them directly to you (usually due to an invalid address). If you google "Statename Unclaimed Funds" you will likely find the correct site. Just make sure it's the official site! (likely a .gov domain). + +The business I work for (actually a public government entity) received a letter today from "Advanced Recovery Consultants" with a very official-looking form about some ~$2000 owed to us from a vendor. I searched on the unclaimed funds site, and sure enough there it was. This company wants 10% of the total as a "fee for authorizing us to assist in the recovery". But it's a simple 1-page form from the state to claim the money and pay NOTHING. They would've gotten $200 from us just to submit a free form. + +Edit: I need to clarify that the services being offered in the letter are not a scam. If you choose to engage their services you will get the money, but you'll also be paying for something that *may* be easily accomplished yourself with just a few minutes of your time. + +Other cases such as recovering money as an heir could present additional difficulties, and it may be worth paying a company like this to handle that paperwork. +We have chosen to live simply and prioritize saving, putting us on track to FIRE. While we’re happier overall with this lifestyle, there are certainly sacrifices along the way (used vs new, one car family, etc). Time and time again we see close friends and family spend frivolously and outside their means then complain about financial distress. + +We’ve shared our knowledge and tools and they’ve continued to make different choices. It is quite feasible (practically expected) for my sibling and/or parents to have a financial emergency at some point in the future. I don’t want to see them struggle. I also don’t want to work extra years of my life, spending additional time away from my children, to support their choices. I don’t want to ruin our relationship when I’m not okay with handing over our RE funds. I also don’t expect them to understand that we can’t give away a chunk of our assets and remain comfortably retired. + +How would you manage a situation like this? Would you address it in advance or wait until an emergency arose? If you’ve handled this before, was there a direct conversation or just unspoken tension? Thanks for any shared advice and experiences. + Edit: [ here is the obligatory; this is not financial or trading advice. It’s merely for educational purposes. I would personally not trade this way in a non-professional setting. Use this post for educational purposes only!] + +**I wrote this in response to someone struggling trading short 0-1 dte put spreads in SPX, thought this sub would find it useful.** + +I traded 1 and 0 dte strategies professionally for years, it was in a diff market mainly but rules still apply. This basically boils down to managing negative gamma effectively. + +Personally I like to think about it graphically, so in my mind or on the computer, I think about what the terminal payoff graph looks like here. So if you selling ICs/Bflys, it’s the peak in the middle with the long tails. But I have some idea what the real time payoff is- curved line. I would watch both on the computer as theta decays the curve becomes the straight line. Over time you won’t need the computer, except to confirm, you will just know it. + +Then I need to manage the negative gamma with delta hedges. So as I accumulate delta you execute to bring you closer to zero delta. How much you hedge depends on the particulars of your market, current IV levels, and what size you are trading. + +So for example: + +Short ATM straddle My terminal graph looks like a pyramid. Delta = initially hedged to zero. gamma = negative shit load. + +Let’s say price moves down, I’m getting longer delta from my negative gamma. + +You have some rule: Delta = +10, hedge -5. | d = -10, hedge +5 + +Every time I hedge my little pyramid on the terminal payout graph rotates to the hedge side and the peak moves down a bit. You just manage this throughout the day. If it’s super choppy you can whittle your pyramid peak into a loss. Or the market can move unidirectionally and you could lose on one side but a lot less than you would unhedged- unless it gaps through your orders- slippage losses. All you really need to pull this off is an options model with intraday decay. It could easily be automated \[but you need to watch it- still run price gap risk thru your orders\]. + +From this basic premise the sky is the limit on your creativity. You could use dynamic time so you only use the deltas a couple hours into the future. Or some scaling factor to your hedge rules- farther away the more you hedge. Play with time spreads as a partial gamma hedge; sell short term options buy longer dated ones to offset some Greek risk. Close everything EOD or keep longer stuff open and just trade against it with 1-0 dte stuff. + +The other thing I would say is that be wary and adapt. Over time you will learn when shit is too cheap to sell and manage effectively. In those environments: buy options and gamma scalp trade the positive gamma (opposite of above) or sit on your damn hands and do nothing, if the idea of buying options makes you want to cry. + +The key is having the intraday model where you can dynamically control time and see diff payoffs; terminal, live, some increment forward, etc. I just had one in excel for years and then later Python. + +———-———-———-———- **Someone asks what model to use….** + +You can use whatever model you want- BS, Bachelier, Whaley… it honestly doesn't matter in **normal vol** environments with this short of dte they all agree usually or are very close. And you can use the market imp vol to define your Greeks. + +Although I will say one of the assumptions you drag with you here in this strategy is that you are kind of de facto saying vol is too bid and hence it will decay thru theta or just vega before the market moves too much making your trade a net loser. + +So if you use market imp vol as your delta you are initially over-hedging, this is important later. + +&#x200B; + +\------**User then asks how to decay time intraday because it doesn’t appear to be linear to him...** + +Just create a time wave for the model to follow that approximates the decay. + +So BS model usually takes a time input as a function of years. So 15 days would be 15 / 365. Or whatever time block you are using. + +Let’s say this is excel, So then for intraday decay you set up two columns. Time and percent decay. + +You know at 9:30am it’s 0% At 4:30 (or expiry time) it’s 100%. + +You put some intermediate values in the middle so let’s say it ends up for times: + +Anchor Points: 9:30, 9:45, 10:00, 10:15, 10:30, 11:30, 1:00, 2:00, 3:00, 3:30, 3:45, 4:00, 4:30. + +The point I’m trying to make here is that you just have points it doesn’t matter that they are uneven in distance to each other. And you have the percentages of decay at each point that you guesstimate. Then you do some kind of interpolation between the points; cubic, linear, doesn’t really matter as long as it’s somewhat smooth-ish. So your model Greeks don’t jump around like crazy when you reach your anchor points. + +Then you just have a black scholes model that uses that interpolation for the decay value based on the actual time of day it is. + +Back to the over-hedging issue you could use a slider to warp time back and forth to decide how what delta to use. Most times I would hedge delta based on what I thought delta WOULD be in an hour. I dunno you gotta play with it, use your judgement, experiment. + +Here is a link to some VBA code based on Haug’s models for Black-scholes for excel, few years old might need some work and there are more efficient implied volatility finding algorithms you could use (Newton) but this will work for a small number of options <500 or so on a medium power computer. + +[https://www.reddit.com/r/options/comments/bc8njz/simplified\_black\_scholes\_vba\_code/?utm\_source=share&utm\_medium=ios\_app&utm\_name=iossmf](https://www.reddit.com/r/options/comments/bc8njz/simplified_black_scholes_vba_code/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) +So I spent about a week watching the recommended videos, listening to podcasts, reading all the great content in here. I saw the IV on SNDL and decided to buy 400 shares to sell CC on since it’s cheap and had high IV. I bought at $1.40 and sold the $1.50 2/12. I 100% understand the thetagang method and truly believe in it. But Jesus Christ what a first trade lol. I love the guaranteed profit but damn those missed gains hurt lol. +Hi AusFinance, + +I am on 100k Inc super atm living in Melbourne, sharing an apartment for 500 per week with partner in the city. + +I was earning this salary 3 years ago, before coming to Australia but due to visa/residency etc had to resort to low wage jobs to get by. I am no longer salty about this and have made my peace with it. However, I have been working super hard to make up for lost time. + +Nearly a year ago I got this 100k job at a big4 audit and it's been good, however my manager has been frank I won't be promoted before 6 more months and the manager pay is like 120k + +I have a job offer to move to Sydney for 150k in the previous job I left. + +Given the high rent and cost of living in Sydney, plus travel costs to come see gf atleast once a month. + +Is it worth it for me? + +Sorry if I missed any details you'd wanna know + +Please ask and I can edit the post. + +I work in Finance/IT and dare I use the buzzword fintech +Hey all, so I was recently offered a job with a hospital research team. The hiring range was 32-40k/year. I was offered 33k, I thought that was a bit low since I was more qualified than the job description called for. I asked around and most of my other friends in similar positions made more than 33k. The other RA in the same team made 36/37k her first year working with the team. I asked if there was a way I could speak with the hiring manager or someone in HR to possible appeal my case and they rescinded my offer. I didn't list a counter offer or even say raise my pay by x amount of dollars. I simply asked if I could speak to someone to appeal and my offer was rescinded. Did I do anything wrong? Couldn't they have just said no the offer is firm? Is asking for salary offer appeal looked down upon in the science/health/research field? + +EDIT 1: This is located in a metropolitan area where 33k is barely livable tbh. + +EDIT 2: They gave me an offer about a week after the interview. + +EDIT 3: What do people suggest is a better way to approach this in the future? I thought to ask to speak to the hiring manager or someone in HR to make an appeal was the best way to go about it because they gave me a range which was finalized by a committee - but I see now that was a rookie mistake. + +EDIT 4: I actually emailed them back after the rescinding and the curt response back I got implied that my asking for a negotiation demonstrated a lack of engagement/enthusiasm for the position so that's that. It's a research group in a top-tier institution and there are lots of pre-med/pre-PhD candidates I'm sure they had that can live off 33k/year in a big city but I have student loans, so, unfortunately, that's not my case. I actually asked my other friends in research positions about negotiations and all of them said their teams either said no to an increase or agreed to a slight one - so if you're looking at similar research positions I'm sure my rescinding is super rare maybe like 1 in 10 chance of happening so please don't stay silent lol. + +Anway, THANK YOU SO MUCH FOR ALL THE ADVICE AND WORDS OF WISDOM. I (and other lurkers) will take this into consideration for future job negotiations. I am very fortunate that I'm not desperately in need of a job right now and that I'm still applying and interviewing for other positions so I'm not stressed or worried about my future. This was a big learning moment for me - I will use carrying on forward. + +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) +I've personally experienced the 1987 stock market crash, the dot-com bubble, the 2008 bear market, and the Mt. Gox rocket up _and_ down in 2013. This makes me too old to be cool. But it also means that I've been around long enough to be puzzled by how markets work and don't (!) work. While ethtrader is a fantastic source of news, the fact of the matter is that news is not the best source of wisdom. Wisdom, unfortunately, requires the hard work of learning and introspection which is really, really hard to accomplish during the adrenaline rush of the bull market in ether that we've been having. So, for those of you who want to broaden your perspective and gain a deeper understanding of the market I'd like to recommend the five books that have best helped me understand trading markets: +(1) Devil Take the Hindmost: A History by Edward Chancellor. Why? When bitcoin was new, the bitcoin reddit was flooded with accusations that it was just tulip mania all over again. Yet very few people actually understand what caused the market for tulips to go crazy (like ether) in the Netherlands. What made tulips go to the moon and come crashing back to earth? This along with other manias is covered in this super interesting book. +(2) When Genius Failed: The Rise and Fall of Long Term Capital Management by Roger Lowenstein. These guys had multiple Nobel prize winners! They were invincible! Yet they totally crashed and burned? WTF happened? Can it happen again in crypto where there are also lots of amazingly smart people? What are the underlying risks to watch for? +(3) Money: The Unauthorized Biography--From Coinage to Cryptocurrencies by Felix Martin. So, we're all talking about getting out of "fiat" money and into "cryptocurrency". What exactly are we getting out of and into? What _is_ money? Honestly, this is one of the most interesting books I've read in the past five years. +(4) Common Stocks and Uncommon Profits by Philip A. Fisher. You may think that cryptocurrency is completely new, but even if it is you are trying to do something very old: make money for yourself. How do you know what to buy, when to buy, when to sell, how to judge if you've bought the right thing? This is a small(er) book in the investment field. But it's one of the best if you want to maximize your chances of getting to the point where you need to decide what color Lambo to buy. +(5) Berkshire Hathaway Letters to Shareholders by Warren Buffett (paperback version). Sitting at a desk without a computer and just using his brain, Buffett has become the second wealthiest person in the world. Here, Warren drops serious knowledge. I think there's more wisdom and trading smarts to be gleaned here than from a full MBA course. +Also, I'd like to invite you to recommend your favorites to me. Although I'm getting the recommendations started, I'm no Warren Buffett or George Soros. I'd like to continue learning and -- just maybe -- get a bit smarter. +todays my 19th birthday so im going to go ahead and treat myself to some more shares. i mean i cant think of a single better gift to get someone than buying them millions of dollars for just a few hundred ;) + +have a great day everyone . I love you guys + +PS : sorry forgot there has to be a certain amount of characters so to fill up the post im going to expand a little on my final sentence + +you guys are legit like family to me . i dont have the best home situation (as im sure some of you know from my last update) and ive always been kind of a loner so never really had that much friends or social circles, so i absolutely adore the sense of community and altruism that you can practically feel through the screen. + +so yeah , buy , hodl and have a great day my ape brothers ❤ + +EDIT : seen a lot of people advocating for a custom flair for me as a bday gift so , mods , if you wanna do it i think i like the sound of "Worlds best 2nd Boyfriend" or perhaps "Siobhan's Paperhand" +tl;dr: I quit right when I said I was going to, 5 years later! Read [that 2016 thread](https://www.reddit.com/r/financialindependence/comments/5pvriq/past_the_halfway_pointyearbyyear_summary_after/) for how literally getting used as a speedbump in 2011 shoved me down the road to FIRE (even though I had been sleepwalking that direction most of my life). This post will just cover the last 5 years of my journey. Also, I used [The Position of Fuck You](https://www.youtube.com/watch?v=xdfeXqHFmPI) as part of my official but lighthearted farewell email at my next-to-last employer in 2020. All the people I liked there thought it was hilarious. + +**2017 -** "What's a whistleblower?" is not a question you want your foreign coworkers to ask you when the company PA system is blasting something in Japanese. Working in Japan was like middle school: lunch bells and announcements. My company declared bankrup... I mean "Chapter 11" as part of this fiasco, which promptly got my butt mailed back home. I still had a job, and it got better after being moved to a group I liked even more. By the end of the year, I also paid off all remaining startup costs on the vacation rentals--stretch goal met. + +**2018 -** Oceanfront living paid by The Company? Yes, please! Well, except for the endless, unpredictable YOU HAVE TWO HOURS TO GET TO WORK calls at all hours of the day and night. It was the first time I had actual friends at a site, and the company paid for my water-view condo for over a year. My boss's official advice to me during a formal performance review was "milk it for all its worth." He's a cool guy who would rather be a farmer. A sorta-kinda-but-not-really-dating... relationship...? had also been going on for about 3 years when we came to the mutual conclusion that it wasn't healthy for either of us and said goodbye. I have zero regrets (and tons of fun memories), but that didn't mean it should've continued, or that the end didn't hurt. Why do I mention this in a FIRE post? Because it's at this point that FIRE truly stopped being about the money. + +**2019 -** This scrawny nerd picked up rock climbing which is the best physical activity EVER. And I paid off my mortgage. So what if it all happens to be a part of a 1/3 life crisis after reading [Stop Saying You're Fine](https://www.amazon.com/Stop-Saying-Youre-Fine-Getting/dp/0307716732) (Spoiler: I wasn't)? Indoor climbing is a wonderful place to meet people, but a day climbing outside with those same people is epic. Also bought a Section 8 rental in the bad part of town. The rent (tenant+gov't) was about $300/month more than my mortgage+insurance, but I got tired of being a landlord pretty quickly. My vacation rental company then quit on me, so I had to find a new one... which was... not good. I can feel my blood pressure rising just thinking about them... more about them next year. + +**2020 -** Screw being on the road during the middle of a pandemic. I took a job working from home most of the time (with an office 100 miles away from home), got a $10k/year pay increase, and stopped working nights/weekends completely. Easy decision. Unfortunately, it was a government job that quickly sucked all the remaining career ambition out of me, and "just kidding, you have to be in the office 2 days a week" didn't go over well once the pandemic quieted down. At least they kept kicking that can down the road until all the unvaccinated were recently fired. Also due to the pandemic, my vacation rental management company stopped responding to me and my (rightfully furious) guests, and I decided to close the rental business that summer. Another easy decision, even if it meant I was saddled with $3k in monthly expenses while the houses sat on the market. Like most people in 2020, I felt pretty stuck. + +**2021 -** Sold all the rental properties. All of them! BE GONE! And promptly got sued over one after closing. I can't say anything more due to the settlement, sorry. It took over 6 months to resolve, and it put me under a tremendous amount of stress. So much so that I had seriously considered giving the other party a *giant* pile of money simply to fuck off, even if it meant having to work another year or so. In the meantime, I did multiple 1031 exchanges to buy into some DSTs (Delaware Statutory Trusts) which require ZERO involvement from me and now yield \~$1200/month in direct deposits. And the last month of the year? I QUIT. My employer strung me along for months about the WFH form I submitted, and they finally told me they wouldn't approve it the day before dragging everyone back to the office. I took PTO that day and told them that afternoon I was quitting, wouldn't come back to the office, but would stick around a couple weeks FROM HOME to help with turnover if they'd like, which they agreed to. + +So where am I now at 36 years old? A low-cost state surrounded by mountains & water, $1200/month in income from DSTs, a paid-off house w/ a 3-car garage/workshop, fuel for an endless roth conversion ladder, and all the time to do *whatever the hell I want.* There is a poster-sized, oak-framed whiteboard in my kitchen with all the current house and car projects listed, and I climb 3ish times a week with a variety of fun people. Figuring out what to do in FIRE ain't hard for this guy. If I do feel like having some conventional income again someday, I've left all my jobs on good terms with my bosses (and employees), and my former industry is always looking for temporary contractors. + +Yeah, I'm shamelessly excited to be where I am, even if too many of these steps involved far more stress than I recommend to anyone. Hopefully this provides inspiration for at least one reader/lurker to make that next jump to get you to where you want to be. I did it after being flattened by a truck; you can too (hopefully without the flattening). +Almost all the posts now-a-days here have PPFAS or Quantum's funds being promoted. I am not sure if they are in good faith or if there is any cult following of these funds which are overlooking their negatives. I was concerned and had written the following somewhere else and thought of copy-pasting here: + +==== + +PPFAS has some very good points going for it like skin in the game, low churn in stock positions, ability to invest in other countries, no pressure to continue investing when markets are hot, good frequent investor communication through youtube videos, bias towards value investing and not rushing after the next big thing following Late Parag Parikh’s philosophy. I hope other mutual fund houses also follow these. + +&#x200B; + +But what troubles me is the so called experience of their analysts. In one AGM youtube video, they introduced them in the end and all looked very very young. Fund manager does have maturity and market experience. But then we are depending on him 100% taking into account all his biases. So there is a huge keyman risk here. I hope the fund does well but if I were a MF investor, I would put some part and not all of my funds into this fund. Maybe we can argue that keyman risk is there for all good fund managers. So maybe it makes sense to diversify across fund houses / across fund managers. + +&#x200B; + +The MF continued with their earlier PMS positions like Noida Toll, Maharashtra Scooters. Noida Toll turned out to be a dud which is ok since some positions will. But what bothers me is they continued holding onto it and justifying their position till the end. Same with Mahindra Holidays. I did not know about IBM position and timing of it but looks like they tried to clone WB and got out since he also got out. + +&#x200B; + +Their CAGR for 1,3,5 year is 5.72%,13.66%,13.02% respectively. Its more or less the same as the category (Multi cap) performance. But I am surprised to see this not so impressive performance despite the the hype like value, overseas investing, long term etc. + +==== + +I would recommend to diversify across at least 2-3 fund houses like Mirae, Axis. And not go solely with PPFAS, Quantum. +*With more and more data breaches happening, I thought this was worth sharing. It's all too easy for people to compromise your identity. A lot of debt that isn't mine is being pursued all from a my name and DL being on a contract by someone else.* + +======== + +I hope this doesn't break rules of the subreddit. I also hope this never happens to any of you as the entire thing can be really stressful. The identitytheft.gov website is a true breath of fresh air. + +Basically some dickweed employee put my DL number and name (that's it) on 2 Gold's Gym memberships totally $7,000 (commission?). These memberships were made 2 weeks apart. Some debt collectors I guess purchased the debt from Gold's Gym and think this cash grab is worth pursuing. + +Debt collectors will threaten you with: + +- May have to appear in court +- May have to pay court charges, legal fees, and more +- Get my credit rocked +- Potential seizure, freezing, and sale of personal assets + +Legal, credit, finance - all scary stressful stuff in this context. + +If you go to the [identitytheft.gov](https://identitytheft.gov) though, you can talk to an **actual person**. They also have this extremely easy wizard to click through your situation and it will auto-generate a "Recovery Plan" including dispute letters, steps to contact law enforcement, putting credit freezes, and basically protecting yourself. It also explains your rights pretty well too. + +======== + +I am following the steps to dispute the debt and protect myself. + +*After following these steps, if the debt collectors continue to reach out, I'll contact an attorney.* +[Original post](https://www.reddit.com/r/UKPersonalFinance/comments/oxo73d/i_just_won_20k_is_there_any_meaningful_investment/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + +Wow. I didn’t quite expect it to blow up as much as it did. I feel that I actually have a lot more understanding about finance than I did this morning. If anything I feel like I should have probably made this post before I spent on unnecessary frivolous gifts for my mum. However we’ve had the most horrific year losing my Nan and I only have my mum and my grandad so it’s lovely to spoil her. + +After thinking hard paying for her sky bill seems like a bit OTT. I think I may just give her £500 towards the £780 medical fees for a nutritional therapist. (She absolutely needs). And leave it at that. + +For those shutting down my idea of a hair transplant are either people will a full head of hair or people completely unbothered by personal appearance. Im 26 and have wanted a hair transplant for nearly 5 years, now I can afford 4 of them will get one. It will improve my self esteem and quality of life drastically. That in itself is a really well placed investment in my opinion. I understand coming to a forum where talking about investments that don’t yield a financial return might seem alien to some people. + + +I’m going to keep about £8000 and just sit on it for a bit till I can decide what to do with it. No rush! I’m going to work on quitting gambling I always thought after I won big I could quit straight away but as the win came in increments of £5000 a few times knowing that gambling was the reason for my short term financial success it’s hard to stop knowing I could win all that again. + + +Some people have been extremely helpful and thoughtful with their advice and for those people I thank you immensely. Regardless if the advice works for me or not. + +And some of you are just horrible and bitter and I may suggest looking at why you’re so miserable and fixing that before hating on somebody who is trying to figure things out. + +Love x +What if a credit related event caused liquidity to dry up. What dividend paying stocks would you buy if there was a 60% haircut on nearly all companies? Leading to dividend yields going up (assuming dividends aren't cut). I would try to avoid companies with debt financed dividend (say Exxon). The risk is that companies can cut their dividend if they have issues with their debt or sales drop off. + +Volatility can be your friend if you have cash on the sidelines. + +I'm focusing on companies that have recession proof dividends. + +My picks: + +Altria, EPD, BTI, EVA, LMNR, VZ + +Energy, tobacco, farmland + +Thoughts? +BTC supporter here since 2014. + +When my son was 1 year old back in late 2016, I used up all his birthday money to buy bitcoin for him. Put it on a ledger and kept it away since. My wife told me to sell at $5000, at $10000 and $18000, but i hold it ever since, now she already know I will keep my promise to just give it to him when it is time (probably not at 18, because most youngsters are still retarded at that age) + +Anyway, I am so anxious to see his reaction when I tell him he has a certain amount of btc :D and that his 'old fashioned' dad was good for something :P + +I hope it will make him instantly financially stable/independent. Or maybe I will get to hear why I didn't sold at $18000 back in 2017! You should have listened to mum! + +&#x200B; + +&#x200B; + +# Wow what crazy karma post :) thanks people. I try to answer some questions that were asked. ! + +&#x200B; +Key Points: + +1. Quarter revenue drops 19% +2. Net Income declines 97% to 20Mil +3. Operating margin down 1.4% +4. 2020 Outlook: Negative Operating Profit and 40% decline in sales. +5. adidas maintains 1.975B on its balance sheet + +Stock rallied 4% + +* https://www.adidas-group.com/media/filer_public/dc/77/dc776afe-d148-4e5b-a0a5-169c564d1b46/adidasag_q12020results_final_en.pdf +* https://www.adidas-group.com/media/filer_public/6e/6a/6e6a09d6-adb0-4050-82f5-a050277822c5/fact_sheet_q1_2020_en.pdf + +(EDIT: adding market reaction) +It often doesn't rise to national news coverage, but stay on the right side of the law folks, this stuff can get very expensive: + + +[https://fox17.com/news/local/pair-bought-hud-housing-to-renovate-resell-for-profit-government-housing-mtjuliet-nashville-tennessee](https://fox17.com/news/local/pair-bought-hud-housing-to-renovate-resell-for-profit-government-housing-mtjuliet-nashville-tennessee) +I currently have one house hack and a few rental arbitrages going on. I want my next investment asset and heard about storage units. Did some digging but it's tough to find information on how to aquire them and their ROI. Anybody here have experience with them? Would recommend or stay away from them? +To avoid confusion: + +Pure cash flow = pure profit after all expenses, including debt = The cash you can use any way you like. + +Just trying to get the meta. I know there will be nuances like access to starting + ongoing capital + investing for appreciation, Geography, etc. + +In my case, + +I am at $700 in 8 months. + +Thanks so much in advance. + +&#x200B; + +EDIT: Since few people raised a good point about cash flow being subjective, here is my definition. Hope it helps! + +Cash flow Income per month = Total Rent per month - Total Expenses + +Expenses = Mortgage Principle + Mortgage Interest + Property Taxes + Insurance + Utiltiies + Capex + Repairs + Vacancy + Property Management + Leasing + Lawn/Snow + Marketing + Legal +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. +My SO and I are looking for advice on the best next moves for our financial future. We have met with a financial advisor and they kind of shrugged and said “do whatever you want to do” without giving us a in depth analysis of each decision we came up with. We need a analysis of our options and need someone to be able to think through and see if there are other options we haven’t even thought of yet. + +Is this the job of a financial advisor or another professional to run through options of a refi, sell, rent, invest vs pay off debt? +The Unicode committee has just accepted the Bitcoin sign to be included in a future version of the Unicode standard (and [announced it on Twitter](https://twitter.com/ken_lunde/status/661351862155669506)). Thanks everyone who helped me with [the proposal](http://www.unicode.org/L2/L2015/15229-bitcoin-sign.pdf) and made this happen. + +Edit: here's the symbol: ₿ - check back in a year or so when the symbol makes its way into fonts, and you should see more than a box. + +Edit: [This Bitcoin symbol](https://en.bitcoin.it/wiki/File:Btc-sans.png) - the double-barred B, which is different from the Thai baht ฿. +If you happen to be a newcomer to the best stock in the whole world, then first you should know that this type of price action has been extremely common. But not so much lately. + +But it did remind me about the stop loss raids that were part of the huuuuuge drops earlier in the year. + +Basically: **DO NOT USE STOP LOSSES** + +They're able to artificially drop the price low enough to trigger sell orders, which then cascade lower and lower as more stop losses trigger due to the sell pressure. + +More reading here: https://www.investopedia.com/terms/s/stophunting.asp +Background: Quit my job of almost 5 years back in December. Plan was to take some time for myself before lining up another gig. Starting the new job next week. + +Financial status: Income from my small business makes just enough to cover my expenses. Have a couple hundred grand invested across retirement and brokerage. Own (with mortgage) primary residence & one rental property. Unmarried with no kids, but in a serious relationship and we live together. + +A lot of the things I've experienced during these 6 weeks away from the working world have been eye opening, while also being things people have totally said to me on this sub before. Nevertheless, now that I've lived them they're obviously resonating with me very strongly. + +***Workaholics are workaholics***. I've always been a Type A personality, and despite bountiful dissatisfaction with the job that I left, I have been very motivated in terms of my FI/RE and general life goals, and untiring in terms of pursuing any opportunities that come my way. Sometimes it's stressful to be this way. + +To the surprise of no one, taking 6 weeks off from committed work made this worse if anything. By the time about 2 weeks had passed I found myself having accepted two new freelance consulting projects, telling myself that they were great opportunities to further my skillset and earn some extra money. + +In other words, despite seeing from a distance the mental health benefit of dialing down my relentless pursuit of career and financial success, when push came to shove I was pretty quick to give up on that. + +If I RE someday I see it being a real challenge for me to find purpose. I see myself as someone who will struggle with "one more year" syndrome and moving goalposts because I have so deeply trained myself to seek these things. + +***Social interaction provided by work*** I've seen a lot of people on this sub warn about feeling lonely or understimulated socially after leaving the workplace. This wasn't my experience at all. I'm introverted and I think even after 6 weeks I haven't fully bounced back from the extremely socially drained feeling that my old job left me with. I definitely don't feel ready to start forcibly interacting all day again with people I didn't choose. + +I really enjoyed going to the grocery store and other errands at weird hours when it was much quieter. I didn't notice it taking less time but it felt a lot less overwhelming to me. + +When I envisioned my sabbatical I thought I'd feel super eager to do things with my friends so i overcommitted in advance to all sorts of things, thinking I'd finally feel great about attending them. But when the time came I felt similarly socially wary about doing them as I did when I had a full-time job. I guess this trait is more inherent to me than I previously understood it to be. I previously thought it was more related to job stress. + +***Relationship hurdles*** My relationship was canonical throughout this time period. Maybe it would be different if both partners were on a sabbatical at the same time. There were still the same relationship challenges as always that cropped up. I wasn't magically okay with things that previously bothered me. I didn't magically find it easier to make time for solving difficult relationship problems. Those are just always hard. + +I had these visions of having awesome dinners ready for him when he got home from work in the evenings but this never materialized. I always managed to become busy with other things and find it just as difficult as before to prioritize making healthy homemade food, and by extension, the general frequency and intensity of doing nice things for my partner. + +***Money stress*** I hardly thought about money at all and this was probably one of the best parts of the break. I did some serious planning in advance to ensure I had the correct size cushion of cash. My business has a separate bank account and I made a point of not drawing from it, so I really was living off of savings. I went about my life, hardly thought about what I was spending, logged into Personal Capital maybe once, and didn't bat an eye about the stock market drama the other day. + +I hope if I RE that I will feel similarly confident in my own planning that I can achieve some level of cognitive dissonance about declining money :) + +***Tl;dr / summary*** When reflecting across all of these points and the rest of my time away from work, there is a clear pattern to me. + +As we go through our lives we're wiring ourselves a certain way, and nothing about changing our job situation will magically change our wiring. It won't make us better or different or happier people. I was the same person as always and this was both comforting and scary, but eye-opening most of all. + +If I want to be kinder, more compassionate, less stressed, more mentally healthy, or have better social skills, then I simply have to take direct initiative about these things; waiting for a change in external circumstances is strictly a waste of time in that regard. + +If anything comes from this post, I hope that these words find someone who needs to read them! +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 am a 20 year old who put 10k into index funds a year ago. 20% Canadian, 40% US, 40% International. + +I'm not gonna lie, I love this shit. This feels like free money. There's no better feeling than going to classes and checking my portfolio in the middle of a lecture, and BOOM, $50 gains that day!!!! + +I know $50 is nothing to a lot of you guys but as a student who is used to making min. wage, that's like 5 hours of work. And I did absolutely nothing to earn it!! + +Feels so good to make my money work for me. + +Also, ever since I started investing, I pay more attention to the world news and have become more conscious of my spending. Thank you reddit for teaching me financial wisdom at an early age. + +inb4 2018 great depression + +https://www.cnbc.com/2019/02/27/amazon-backs-out-of-rainier-square-tower-in-seattle-geekwire.html + +Amazon is scaling back its expansion in Seattle by seeking tenants for the 30 floors of office space it leased there, GeekWire reports. + +The news comes just weeks after Amazon dropped expansion plans to New York's Long Island City for part of its "HQ2." + +Amazon's future in Seattle has been uncertain. The company has reportedly been laying off employees there and has fought city officials on corporate taxes. +Hey all! + +I’ve been conducting a lot of experiments lately, particularly with different portfolio splits and investing strategies (i.e option spreads, different sectors). + +I see many investors focus too much on one component (i.e returns) at the cost of another (i.e volatility). + +Example: Focus too much on huge returns by adding lots of leverage while ignoring volatility and huge drawdowns that come with said strategy. + +I wrote a small post on the “what” and the “why” of alpha (returns), beta (volatility), and drawdown, and I threw in a bonus on the importance of position sizing. + +Check it out if you’re interested. + +https://medium.com/@nikhilwins/understanding-alpha-beta-drawdown-76ae746a820b +Hey Apes, Crux here. You may be familiar with the digging I've previously presented, trying to untangle the web of Ken Griffin’s Citadel Empire using public records. See my post history. + +I’ve seen a lot of posts over the last few days about the liquidation of Citadel Europe LLP, how it relates to the $600M loan Citadel just received, etc. + +This post aims to provide some clarification on the Citadel Europe situation and my perspective of what is going on. If someone has already posted about what all these filings mean my apologies, I have missed it. + +# TLDR + +* Citadel Europe LLP was part of the hedge fund arm of Citadel - Citadel *Advisors* LLC. +* Citadel Advisors has been restructuring its European organization, and the liquidation of Citadel Europe LLP has been in the works for some time. +* The $600M loan Citadel recently received was for Citadel *Securities*, the market maker arm of Citadel. +* Notifications of Citadel Securities’ use of their securities as collateral for this loan have been publicly filed in the UK by the lenders. +* Ken Griffin *does* have his hand in UK politics - not with the Royal Family or Queen (RIP) - but with the UK Parliament’s House of Lords and a connection to former Prime Minister Boris Johnson. + +# 1. Structure of the Citadel hedge fund business Citadel Advisors LLC + +Citadel Advisors LLC is the main entity running the Citadel hedge fund / investment advisory services. Under Citadel Advisors LLC are several affiliate companies: + +* Citadel Advisors Europe Limited +* Citadel Asia Limited +* Citadel Sweden Ltd. +* Citadel France SAS +* Citadel Advisors Singapore Pte. Limited + +This is spelled out in their Form ADV Brochure dated as of December 31, 2021 here: [https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd\_iapd\_Brochure.aspx?BRCHR\_VRSN\_ID=776245](https://files.adviserinfo.sec.gov/IAPD/Content/Common/crd_iapd_Brochure.aspx?BRCHR_VRSN_ID=776245) + +https://preview.redd.it/npyoik3wgwm91.png?width=655&format=png&auto=webp&s=cdedca3924955f236561f9fa532040324f2ed608 + +Together Citadel Advisors LLC and its affiliates provide these advisory services through different funds, which are the names you may have seen like Citadel Wellington, Citadel Kensington, etc. + +Notice anything in the list of affiliates above? Citadel Europe LLP, [the entity which just declared insolvency and was liquidated](https://find-and-update.company-information.service.gov.uk/company/OC340922/filing-history), is not included. That link to the filing history shows the appointment of a voluntary liquidator on August 8, 2022 and on January 4, 2022, numerous persons with significant control were removed from Citadel Europe LLC. + +https://preview.redd.it/2ahvkgoxgwm91.png?width=979&format=png&auto=webp&s=88118cd2228c71a7a9c2c6e2af493c0505482632 + +As the Citadel Advisors LLC filing says, Citadel Advisors Europe Limited is their affiliate. They were previously known as Citadel Management (Europe) Limited and Citadel Hedge Fund Services (Europe) Limited. You can see their filing history here: [https://find-and-update.company-information.service.gov.uk/company/10930267/filing-history](https://find-and-update.company-information.service.gov.uk/company/10930267/filing-history) + +So the insolvency of Citadel Europe LLP is, IMO, much ado about nothing. It appears prior to December 31, 2021 that Citadel Advisors Europe Limited was now the relevant entity, and that Citadel Europe LLP was on the way out. I speculate that they are doing this to change from an LLP to LLC, but who knows. + +# 2. Citadel Securities $600M Loan + +Citadel Securities is the market making arm of the Citadel Empire. Their structure is a bit more complex, but apes have pointed out the “Registration of charge” filings recently made to a number of UK-registered Citadel entities. + +Let’s look at Citadel Securities (Europe) Limited. Filing history: [https://find-and-update.company-information.service.gov.uk/company/05462867/filing-history](https://find-and-update.company-information.service.gov.uk/company/05462867/filing-history) + +The “full accounts” filed September 25, 2021 (as of December 31, 2020) describes some of the structure: + +https://preview.redd.it/vbpejoe0hwm91.png?width=422&format=png&auto=webp&s=8c44e4f1427e0c09f9d690dd4cf66f8beae928a9 + +A series of “Registration of charge” filings were made for Citadel Securities (Europe) Limited. + +https://preview.redd.it/kkh093l1hwm91.png?width=932&format=png&auto=webp&s=c1189b961491452447e7b5cf9553a8fc774d6b23 + +These are partial ISDA Master Agreements made between Citadel Securities (Europe) Limited and a variety of banks, in this example a Bank of America European entity. + +https://preview.redd.it/qvwd4iq2hwm91.png?width=556&format=png&auto=webp&s=751d5760115f8084e823819af89087d8f9f7958b + +ISDA Master Agreements are standard agreements for use between two parties, with more specific lists of collateral/terms (none of which are attached here). + +https://preview.redd.it/fvxw22o3hwm91.png?width=717&format=png&auto=webp&s=a74ac6a8993c865262fecf2d38883ed80372b0db + +They are very similar to the UCC filings I described in [my post earlier this year which showed Citadel was receiving financing from BNY Mellon and Mizuho Securities](https://www.reddit.com/r/Superstonk/comments/sx93rm/further_evidence_citadel_is_in_trouble_public/). + +Other lenders who filed registration of charges include Merrill Lynch (part of BofA), HSBC, Goldman Sachs, Barclays, Citibank, Morgan Stanley, and JP Morgan. + +Citadel Securities Finance (UK) Limited is another entity which has received several registration of charges: [https://find-and-update.company-information.service.gov.uk/company/11966286/filing-history](https://find-and-update.company-information.service.gov.uk/company/11966286/filing-history) + +I have not taken the time to see if new UCC filings were made across the United States related to this loan deal for the domiciled Citadel Securities entities. + +I believe Citadel Securities received their $600M loan from the group of lenders list above, who all filed these charges so they have a claim on whatever collateral Citadel Securities provided for the loan. + +# 3. Ken Griffin and UK politics + +I also wanted to highlight a [prior post of mine related to Ken Griffin’s influence on UK politics](https://www.reddit.com/r/Superstonk/comments/s9h488/buying_political_influence_in_the_uk_evidence/). Griffin, through an entity named Dalbini Limited, effectively gave 1 million pounds to a member of the UK’s Parliament, the Lord Howard of Rising. + +Subsequent to this post more information about one of Griffin and Lord Howard’s business associates, Sir Lynton Crosby, has come to light. + +First, it was revealed in June that Crosby had been attending Prime Minister Boris Johnson’s daily morning meetings: [https://www.theguardian.com/politics/2022/jun/17/election-guru-lynton-crosby-attending-pms-morning-meetings](https://www.theguardian.com/politics/2022/jun/17/election-guru-lynton-crosby-attending-pms-morning-meetings) + +Then, Clare Rewcastle-Brown, an investigative reporter who uncovered the 1MDB scandal, found out that Crosby has been working on a plot to “pack the House of Lords” to push through controversial legislation: [https://www.sarawakreport.org/2022/07/project-homer-how-sir-lynton-crosby-crafted-a-plot-for-boris-johnson-to-pack-the-house-of-lords/](https://www.sarawakreport.org/2022/07/project-homer-how-sir-lynton-crosby-crafted-a-plot-for-boris-johnson-to-pack-the-house-of-lords/) + +Nothing about Ken Griffin’s involvement in UK politics has come to light, but this is the kind of company he keeps (figuratively and literally, see my post on Dalbini Limited). + +That’s all for now, hopefully you have found this informative. + +# TLDR + +* Citadel Europe LLP was part of the hedge fund arm of Citadel - Citadel *Advisors* LLC. +* Citadel *Advisors* has been restructuring its European organization, and the liquidation of Citadel Europe LLP has been in the works for some time. +* The $600M loan Citadel recently received was for Citadel Securities, the market maker arm of Citadel. +* Notifications of Citadel Securities’ use of their securities as collateral for this loan have been publicly filed in the UK by the lenders. +* Ken Griffin *does* have his hand in UK politics - not with the Royal Family or Queen (RIP) - but with the UK Parliament’s House of Lords and a connection to former Prime Minister Boris Johnson. +Hi folks, + +I took some time off in early 2021 through mid 2021 after leaving a job with the worst manager I've had in my career after only 3 months. At the time, my allocation was around 99% equity and 1% cash. When I started my time off, I wasn't sure whether I wanted to work again. + +One thing I learned through the experience is that, I didn't feel "safe" selling my investments to cover expenses. It's a short sample size of only 6 months, and I probably would have ended up with higher NW due to stock appreciation, but selling a portion of investments did something to my psyche. + +Since then, I've started work again and have allocated private REIT portfolio totaling about 8% of our NW providing us with monthly passive income (tax efficient and reinvested at the moment) and planning to grow the allocation to around 20% - 25% which will cover most of our annual expenses. I do not have any bonds. + +For those who are FIREd, have you faced something similar? How do you reconcile mentally? + +EDIT: There are a lot questions and discussions going around regarding REITs, so here is some additional context. REITS we invested in aren't publicly traded REITs (for example VNQ) or even REITs such as Fundrise. As accredited investors, doors open to you to invest in tax advantaged REITS that are direct RE ownership structure. Not everything is designed to rip you off, I would suggest you do your own research. I am a Boglehead and that's how I got here, and there also was discussions around this type of investment at the official website as well. +Okay, need some advice here. This is my first tenant. He's been in the property since May. Rent is due on the 15th. He messaged me on the 14th and told me there was an issue with his paycheck, he had already reached out to his employer and they're correcting it and he'd pay rent late. I told him no problem, the late fee has a grace period anyway. Well, today the grace period expired and my online system applied the late fee ($90; 5% of rent). Now, I feel like I should waive it as he gave me a heads up. BUT previously he was paying by money order and mailing it to my house (which I finally got him to stop doing and now he pays through the online portal) and so it was _always_ ~5 days late. Which, I'm not stupid I know that the mail works faster than that, but I was fostering good will and also not trying to delay myself getting paid so I was removing the late fee from the online system once the deposit cleared my account. Last month was the first month he paid "on time" (within grace period). So, do I waive the late fee this month and tell him it's the last time regardless of circumstance? Or do I have him pay? +Our new partner was inducted to the hall of fame for his contributions as a fighter for globally recognized company worth $5,000,000,000 +Over 300,000,000 fans. His friends include multi millionaire athletes and entrepreneurs. Did I forget to mention that he's close friends to JOE ROGAN??? + +Website - https://ultrasafe.finance/ +Pancake - https://exchange.pancakeswap.finance/#/swap?outputCurrency=0x0b3f42481c228f70756dbfa0309d3ddc2a5e0f6a +Contract: 0x0b3f42481C228F70756DbFA0309d3ddC2a5e0F6a +Certik -  https://www.certik.org/projects/ultrasafe +Solidity - https://solidity.finance/audits/UltraSafe/ + +Telegram: https://t.me/UltraSafeOfficial +Discord: https://discord.gg/BjnNM63XgE +Dear people from the redditzone, +at first i want to say hi to everyone and gave a big thanks to the community. Many of the posts that can be found here gave me a new perspective in my subjects of interest, or at least makes me heartfully laughing !-) +I ve decided to be a part of this community because i have to talk and hear people that are living in the same sphere like me. + +like the title says, I ve make a big ( some may say insane) step in my life. I ve quit my dayjob for Cryptos ! + +A couple of years ago i ve heard for the first time from Bitcoin, another short time wonder to get the money from the stupids i ve thought at this point. But a few years later i realized : it isn t a short, mid or long time wonder, it has the potential for a real revolution ! And i dont mean only the bitcoin, it s the tech that comes with it. So i started studying and researching anything i could find about it. I m getting deeper and deeper in the Cryptosphere and the more i read the more i want to be part of this. + +About six or seven month ago i ve made my first deposit below 1000 dollars. I ve said to me i put all my freetime in it, and look whats possible. At this time i was a fulltime industrial electrician (in the mid twentys). I ve got a nice income, a nice flat and a "safe" life. +A few months later i make a conclusion about my trades. I realized that i ve earned a gain of nearly 2000% of my initial investment. +Suddenly anything was clear for me, i ve moved to a smaller flat with less monthly costs, bought reasonable Tech for trading and finally quit my dayjob. + +My strategy is simple i think : 30% of my Portfolio for Shortterms 20% for midterm trades to feed the running life costs, the other 50% are longterms ( at least 1 year, and no, i m not dreaming of a Lambo!-). +At the moment i am writing this i make between 450-1000 dollars a week. This is a little less than ive earned as electrician, but the value of every % that my Portfolio growth is inreasing from week to week. + +I m glad to speak this out of my mind. The "real" people in my life can not understand the step that i ve made. +So, if you read through this long text, and got some words, thoughts or ideas that you want to share with me please feel free and speak them out :-) + +annotation : English isn t my mothers tongue, so excuse eventually mistakes + +best greetings +I know so well that Mining industry is a risky play but I do believe in my guts that this will be big in the future. I’m not saying that there is no risk play here however, the long lead times required to complete projects often cause problems for mining companies depending on what Projects you’ll choose and you will grow and develop during boom times. + + + +I already have Invested in [**Talga Group**](https://www.talgagroup.com/), [**Solaris Resources**](http://www.solarisresources.com/), and [**Rio Tinto**](https://www.riotinto.com/en) been with them for quite some time now and I’m planning to widen my investments soon. Has anyone here already invested in a mining company if yes what is it and are you in it for the long run? +I'm quite new to forex, have been learning for a few weeks. I've been trading on the hourly chart, and I've noticed numerous mistakes I have been making. I never see the big picture of the market direction with an hourly chart, I see everything in the present and dont have the context of the previous market. But also I think it messes with my physcology. I get excited about a small 2.5% increase and then get worried about short retracements, looking into them to deeply and then selling my paper money. I then look at the 4hourly chart and see these scary looking retracements as nothing but healthy retracements. I also can see any trend lines and patterns the price is currently in. Has anyone else experienced this? +This isn't a trading psychology or risk management post. This is about trying to convince anyone that is engaging in strategy hunting that their focus is misplaced. My hunch is that most people that keep looking for strategies are skipping a really important step - **actually understanding how markets behave**. + +Whether you are a discretionary, automated, or hybrid trader, before you start developing or deploying a strategy, you must have a foundational methodology for understanding the market you are trying to trade. + +Whether it is technicals, macroeconomic fundamentals, or astrology, if you don't have a mastery of the subject matter at hand, you will be at a significant disadvantage. A good chunk of posts I see on this subreddit have to do with looking for a strategy. How has that worked out for most of you so far? + +Here's my analogy. Let's take two people who both want to become professional chefs. One guy puts in the time and the work to learn all kinds of different techniques. They become an expert with their knife skills, they have a great understanding of how to pair different flavour profiles. They master different techniques for cooking meat, making sauces, etc. After completing their education, they then start focusing on learning some recipes. After some practice, they start making their own recipes. + +The other guy skips the foundational steps and jumps straight into learning how to make a beef wellington. + +Who do you think is going to be more successful with their culinary career over the long run? + +\_\_\_\_\_\_\_\_\_ + + +Once you understand the foundational building blocks for different market theories, and you put in the time and the hard work, you will naturally gravitate to a certain style of analysis. Once you have your own methodology, you will find it much easier to develop your own strategy. And not only that, you will be able to tweak your strategy according to market conditions... or you will have several strategies for different markets and different conditions. + +&#x200B; + +There are no shortcuts in this business. None that I have seen work over the long run, anyway. A specific strategy is not what will make you real, lasting money in this business. +Was finally glad I heard back only to find out I would only be receiving 122 dollars every week. How on earth am I supposed to survive off that when my rent is 750 a month???? This is literally a joke. They may as well not pay me at all. Job interview tomorrow. Don’t want job but now it feels like I don’t even have a choice +Hi, we are Mt. Gox. Ask us anything. + +Dear Bitcoiners, Mt Gox customers, and Redditors. +The past few days and weeks have been a rollercoaster ride to say the least, and while we are still under constant DDos attack (more so than usual) we wanted to take the time to do an AMA on Reddit and communicate directly with everyone. Mark Karpeles, President and CEO of Mt.Gox will reply to any questions you may have regarding the recent events. + +Of course this ranges from the recent DDoS attacks, the overwhelming amount of new accounts created in the past few months (and days for that matter), and of course everything you ever wanted to know about Mt.Gox. + +Some technical details we cannot divulge since they will assist those trying to undermine the exchange, but we will do our best to answer your questions over the next couple of hours. + +Verification: https://www.facebook.com/MtGox/posts/443093862439476 + +UPDATE: Thanks so much to everyone for your questions, criticisms, and comments. We hope we were able to clarify enough, at least for now. This was an interesting few hours! If you think this was helpful, and you want us to do more in the future, we are open to it. The beauty of bitcoin is openness and transparency and we aspire to that as much as possible. Speaking of which, we haven't forgotten about publishing our transparency report either, but that was postponed for obvious reasons. Please give us a couple of weeks. + +Thanks again. Back to work for us. + +Nintendo: +Marketcap: 52billion +Current div: 2,28% (6,53€) +Share price: 460€ +Ytd: 30%+ + +Cd project red: +Marketcap 8billion +Current div:0,28% (0,24€) +Share price:81€ +Ytd: 32%+ + +Ubisoft: +Marketcap: 9,5billion +Current div:--- +Share price:78€ +Ytd: 42%+ + +Blizzard: +Marketcap: 50 billion +Current div: 0,54% +Share price: 64€ +Ytd:30%+ + + + +I think Nintendo is set up extremely nicely with the switch / their own games and there well established brand + +Cd project has one of the biggest game releases in the last decade lined up, and contains to stomp out great games(but has a lower div and maybe a bit more hype) + +To be honest i personally dont like ubisoft that much... + +Blizzard has some good games in there repertoire and is well established in the community + + + + +My picks current picks would be*: +Nintendo 50% +Cd project 20% +Blizzard 30% + + +*Of course only of the designated part of my overall portfolio ^^ + +[View Poll](https://www.reddit.com/poll/k1gh42) +Any mentions of stonks have been replaced with XX. Don’t want this to be a propaganda piece just sharing my experience. + +So, I woke up this morning to my wife standing over me holding my phone. She doesn’t even give me time to open my eyes and she says “who the hell is Robin!” I’m tired, haven’t had my morning poo or my Honey Nut Cheerios so of course I’m in no state of mind to understand what she means. I replied, “I don’t know any Robins”. She continues yelling at me telling me that I think she’s an idiot, that I’m talking to all of my friends about her and she knew that they were looking at her funny last time we hung out. So finally she throws the phone at me and says if you don’t want to be honest fine, I’ll just leave. So I’m up enough to read at this point, and when I look at my phone I had texted my buddy Ray, “I’m gonna get all up in Robin Hood Monday morning, I’m a horny bull for some XX and don’t worry I’m gonna XXXX off before I get home to my wife.” That was one of my more PG texts - as I’m sure my fellow apes can understand that I go hard on something when I believe it can make me that money (XX) - and when I believe in the company (XXXX). Anyways, 2 hours of convincing later I’m still married. However she now knows where all of our money is going - down the big fat drain. Not sure if I’ll get upvotes or down votes for that last part. Happy weekend retards, if anyone has some good loss porn please post it, I think I’ll be on the couch for a few days. +Any goods stocks related to the rising inflation. The CPI index for Canada came in at 3.4% YoY. +I know that Oil stocks such as TOU are a good buy for short term gain potential and gold stocks to hedge against inflation, how about other stocks ? +Also any thoughts on the current levels of Shiller PE ratio for the S&P 500 index ? +There is a pump and dump set for this Friday I suspect from the same group that did [this](https://www.reddit.com/r/CanadianInvestor/comments/o1xmao/psa_utme_pump_and_dump_targeting_canadians_this/) I obviously don't have much more then the time at this time but can try to send out another warning on Friday when I have more details. + +From all the research I've been able to do there is no way for me to stop or worse even profit from this. + +Here is my story from last time: + +> So a few weeks ago I was contacted over whatsapp by this beautiful Chinese girl. We got to talking she sends me pictures everything is "normal" (well ya I knew I was being scammed but I wanted to see what scam I was getting into). Then She tells me about her uncle that works at chase manhattan bank and he has stock tips. Ok... so looks like I'm part of the pump and dump scam cool cool never been part of one of those, so check that off my bucket list. So she tell me to buy HAPP it's at $1.70 or something and I'm like sure I'll buy (I don't obviously) but she keeps pressuring me... nothing really happens though it just goes to like $1.60 or something. Like wtf I thought I was part of a pump and dump scam not a make bad investment scam cmon. + +> Then yesterday on the 16th she tell me she will get another "tip" and I should buy. And you know what I'm thinking? I'm thinking shit I should short this mofo. So this morning at like 6am my time 8am market she says I should buy UTME. Well I look at UTME and a few days ago it's at $40 and now it's at $60 wow. So do you know what my dumb ass did? My stupid ass did... nothing :( I wanted to short the stock but there was that one little inkling and I didn't. And wouldn't you know... it's at what... $16 now... idiot... why didn't I listen to her and short... well serves me right I guess. + +> Granted I suppose that would be "insider" trading? Or if I did short it would that be legal? Anyone know? + +> How funny would it have been if she asked to see the number of shares I bought and I showed her my short position? lol + +> Anyhow my buddy who is better at google them me found this so it's working and I think I used the ticker enough. + +> I hope she can string me along more... should I post the "stock tips" here for you guys? Or is that illegal? I don't even know anymore... + + +Since that last encounter I've learned there is no way to short any of these stocks. +Hey Reddit, regarding investing into stocks, bonds & index funds. What is the best approach to diversifying your portfolio ? + +Currently I'm investing monthly and try my best to distribute it equally amongst the three categories. Should I focus on a specific one or keep diversifying ? My goal is to stay long term, whilst trying to be a part of a future wave to come. +We get a ton deducted from our taxes and use standard deductions and still end up with a tax bill at the end of the year! It is so frustrating. What else can you do to avoid having to pay at year end? Don't want a refund..just don't want to have to pay back more than a couple thousand dollars. + + +I am apart of Gen Z and in my early 20s with $10,000 saved up. I have half of a BA complete and have not started investing yet. I stopped going to college after the first 2 years because I still didn’t know what I wanted to do and was warned about going to school with no plan (A waste of time and money). I have a better idea now but my question is, should I pour all of my money into finishing my education while I am not paying any bills and working part time (I still live with my parents debt free, they will let me stay as long as I need to) and just start over financially after I graduate, or split it between savings and an index fund and go back to school after I’ve saved up some more money later? My degree choice will not have a quick ROI because I need more skills and experience to stack on top of it before I can expect it to pay off, so I don’t need it immediately, but my fear is that with the rising cost of everything, it will be harder to go back later as my disposable time decreases, my expenses rise, or any other possible setbacks that may come my way. + +I understand that I don’t have enough saved for the stock market yet but I need money that is growing and not just sitting in a checking account and it’s either invest now while I'm young or let more time go by and continue being stagnant. + +Inflation that isn’t going anywhere anytime soon has me wondering what financial decisions are smart to make now for the future. +Say I’m 24, I’m about to finish grad school with zero debt, and will be making ~120k/year. I have about 19k in a Roth IRA and another 15k in personal savings (both invested in stocks). I would like to start saving for a house, but I know retirement is important too. Advice? Things you wish you’d known right out of school? +I’m not sure if this is the best place to post this but I figured someone here might have experience with it. I’m currently sitting on stock gains of about 1.5 Million dollars. I’ve read that if you live in PR for 183 days of the year you qualify for a 5% federal tax rate on previously appreciated gains and 0% on increases after you move in addition to no state or Medicare taxes. + +So if my understanding on this is correct, at this point I’m looking at roughly 300k in tax savings. I would be willing to actually move my family there for the required time and probably a bit extra without trying to do anything tricky to make it look like I’m living there when I’m actually not. + +Has anyone done this and if so what was your experience? +I posted this five years ago: https://www.reddit.com/r/investing/comments/yn9oy/my_financial_advisor_ignored_my_request_to_invest/?st=JD6MWPZL&sh=cf56827a + +(Sorry for the crap link—I’m on mobile and don’t know all the mobile tricks that make links not reprehensible) + +I’m posting because I have received a few PMs in the past asking me for an update. I haven’t received any in awhile but I thought I’d provide an update in case anyone remembers or might be interested. + +I found an attorney who took the suit about four years ago. Attorneys settled out of court with Wells Fargo for about 90k. One third went to attorneys fees, I think another third to taxes, and the remainder helped me settle after moving for grad school and take care of some car stuff. Whatever I netted was quickly exhausted. + +I’m disgruntled still because the lawsuit was not fair compensation. And for what it’s worth, what I had originally invested was about the amount of student loans I have right now. + +Edit: thanks for all of your feedback, insight, and humor. I appreciate it all, especially the kindness and respect of everyone’s responses (and being more specific, thanks for not calling me a complete idiot for my naïveté and lack of education in this field). +Throw-away here of course. I am prostitute and had clients mentioning and asking if I would accept Bitcoin. I had no clue what they were talking about and always said "nope". + +Then I asked Google, and anyhow it looks legit and very interesting. As I understand it, I could use Bitcoin as investment. But the much bigger question is, how can I accept it if a client would ask me? + +After a little bit of reading, I am very interested to accept it if clients ask again. + +**EDIT: Thank you guys, I can not keep up at the speed I get advise here. Thanks a lot, it will take me time to read every comment. Thank you so much for answering my question.** +[Video!](http://youtu.be/y-1Gh4ewklY) + +Introduction to what a mortgage is, how payments are calculated, interest, and a little about how having a mortgage can affect taxes. +I've been very interested in coins with utility. Ethereum is one of them, but the lack of a limited supply is quite interesting to me. As I understand, ether is used as gas to run the ethereum network. So ethereum is consumed, but at a slower rate than it is created? I'm having trouble figuring this one out. Thanks in advance! +AQN and RNW are down 47% and 38% respectively over one year with a large portion of both those decreases happening within the last few weeks for both of them. + +It’s pretty clear that initial interest rate hikes and the general feeling like the terminal rate is going to be higher is definitely effecting these two stocks more than the general market. + +With this in mind, wouldn’t cutting the dividend for both make sense? Like I’m aware that dividend cuts are not normally perceived as a good thing, but when the practice seemingly becomes unsustainable, might it be the correct course of action? + +Note: by unsustainable I do not mean it’s going to lead to the death of the businesses or anything, more that their dividend payouts are extremely high and AQN has already sold off some assets earlier in order to afford said payout. + +Edit: just for sake of transparency, my positions in these firms are currently 2.53% for RNW and AQN at 3.89% of my TFSA with average prices $21.33 and $18.80 respectively +I have 2 (embarrassing idiotic choice of major for someone who doesn’t come from money, that’s all you need to know) worthless degrees and I am fucking doomed. Can’t pay for the car can’t pay for the student loans doing freelance work, do not have the economic support my classmates do, I would need something like that to get me through this time. I have NO idea what I was thinking. It’s just embarrassing. + +I live with someone who’s extremely mentally abusive and literally have no choice other than a homeless shelter for now. I don’t feel that’s what’s best. I really hope one day to be STABLE. I don’t have dreams other than being stable and being able to truly afford the cat I have. And yes before somebody asks I’m getting food from the pet pantry, and the shelters where I live are begging people to try other options (plus, I love him) and if he ever needs anything more than food and love and there’s an animal rescue that would take him I will readily give him up for a adoption. The private rescues are all swamped now too. It’s a sad state of affairs, being so financially low you have to admit you’re being selfish by having a cat. Ugh. + +The ability to afford a one bedroom or studio somewhere in the United States, so I don’t have to tip toe around a whack job, or think oh oh no what happens if kitty gets sick, oh my god I would be so proud of myself. Hopefully one day. I’m done chasing unrealistic things, I’m so embarrassed by how much I ruined my life. Making things worse, I’m not young anymore. I’m at the point in time in which most people have figured it out and you are what you are, and I can see it in other people’s eyes when I apply for a run of the mill job. + +I don’t have the money right now to learn something technical /a trade needed by society. I know I need to focus on student loans and bills period. But I sincerely hope to. I can’t not try to make more money than a cashier. I’m going for temp office jobs right now. + +Ugggjhhhaaaaaaggghhhhhhagg +By now we have all heard the virtues of Dollar-Cost Averaging (DCA) and that you should never try to time the market. Basically, it has been repeated ad nauseam that + +>Time in the market beats timing the market + +But what is interesting is that I could not find any research that has been done on the best way to do dollar-cost averaging. + +**Theoretically, there must be a better way than to randomly throw your hard-earned money once a month into SPY, right?** + +So in this week’s analysis, we will explore various methods to do DCA and see which one would end up giving you the best returns! + +[ ](https://preview.redd.it/7o5yzn32g0t71.png?width=1728&format=png&auto=webp&s=1da0fd7b17c70da287b8aedada407866f10d5cfe) + +**Analysis** + +Given that dollar-cost averaging is about holding investments long-term, we need data, lots and lots of data! For this, I have pulled the adjusted daily closing price & Shiller P/E ratio of SPY for the last 30 years \[1\]. + +Now we have to devise different methods to do the Dollar-cost averaging that will maximize our long-term return. We will have different personas for reflecting different investment styles (all of them would be investing the same amount - $100 every month but following different strategies) + +**Average Joe:** Invests on the first of every month no matter how the market is trending (this would be our benchmark) + +**Cautious Charlie:** Invests in the market only if the Price to Earnings Ratio \[2\] is lesser than the last 5-year rolling average, else will hold Treasury-Bills \[3\] + +**Balanced Barry:** Invests in the market only if the Price to Earnings Ratio is within +20% \[4\] of the last 5-year rolling average, else will hold T-Bills + +**Analyst Alan:** Invests whenever the market pulls back a certain percentage from the last all-time high, else will hold T-Bills \[5\]. + +Given that we need to have some historical data before we start our first investment, I have considered the starting point to be 1st Jan 1994. So the analysis is based on someone who invested $100 every month since 1994. In all the above strategies, we will only hold treasury bills till the investment requirements are satisfied. I.e, in the case of Cautious Charlie, he will keep on accumulating T-Bills every month if the PE ratio is not within his set limit. Once it’s below the limit, he will convert all the T-bills and invest them into SPY. + +[ ](https://preview.redd.it/hqtpv142g0t71.png?width=1728&format=png&auto=webp&s=7ac9e7108abfd232e8f16538acbf3ec0c4c3e202) + +**Results** + +Based on the time period of our analysis, we would have invested a total amount of $33,400 till now. + +[ ](https://preview.redd.it/8izqmjk4g0t71.png?width=798&format=png&auto=webp&s=b66dd9df7a2e9f0a393f237cd937ce9705a517b3) + +No matter what strategy we use, the most amount of returns were made by the Average Joe who invested every month no matter how the market was trending. A close second was Analyst Alan who accumulated money in T-Bills and only invested when the market dropped more than 1% from its all-time high. + +The least amount of returns were generated by Cautious Charlie who only invested if the PE ratio was lesser than the last 5-year average (basically by trying to avoid over-valued rallies, he ended up missing on all the gains), followed by the Analyst Alan persona who waited for a 10% drop from ATH before investing. + +[ ](https://preview.redd.it/nsccfy42g0t71.png?width=1728&format=png&auto=webp&s=4dea99f13746130a25515daa2aed68b655bfb6b7) + +**Limitations** + +There are some limitations to the analysis. + +a. Tax on the gain on sale of treasury bills and transactions costs are not considered in the analysis. Both of these would adversely affect the overall returns + +b. Since I am only using the monthly data for the P/E ratio and my SPY investments (due to data constraints), a much more complicated strategy involving intra-month price changes might have a better chance of beating the market (at the same time making it more difficult to execute). + +c. While we have analyzed the trends using the last 30 years’ worth of SPY data, the overall outcome might be different if we change the time period to say 40, 50, or even 100 years. + +[ ](https://preview.redd.it/cwve8u52g0t71.png?width=1728&format=png&auto=webp&s=11e1a91d5d7bca97532c920e425e0a873bef7f3c) + +**Conclusion** + +I started off the analysis thinking that it would be pretty straightforward to find a winning strategy given that we are using nuanced strategies instead of randomly putting money in every month. I also checked for various time frames \[5,10, 20 years\] and various endpoints \[Just before the covid crash, after the crash, before J-Pow, etc.\]. In none of the cases did any of the strategies beat average Joe in the total returns. + +Since this is an optimization problem, I am [sharing all the data and my analysis](https://docs.google.com/spreadsheets/d/1JK4b-CYgvlSH-FqYvCBEve0RQ3ACmJNsmTwzLV7jqWs/edit?usp=sharing) in the hope that someone can tweak the strategy to finally give us that elusive risk-adjusted market-beating returns. + +[ ](https://preview.redd.it/upvu7p57g0t71.png?width=626&format=png&auto=webp&s=8628e331535d269701036c5fe6b1b8f1bf7aec57) + +Till we find our King Arthur, all of us average Joes can rest easy knowing that there is no simple trick that can give you a better return than a vanilla DCA strategy. + +Until next week…. + +[ ](https://preview.redd.it/ub572272g0t71.png?width=1728&format=png&auto=webp&s=ea0c920629fe6b03670833561f4e7c48c1bb0ebf) + +**Footnotes** + +\[1\] The data was obtained from Yahoo Finance API and longtermtrends.net. While the P/E ratio was available for the last 130+ years, the daily closing of SPY was limited to 30 years. + +\[2\] We are using the Shiller PE ratio - this ratio divides the price of the S&P 500 index by the average inflation-adjusted earnings of the previous 10 years. This solves for the brief period in 2009 when the normal PE ratio went through the roof as the earnings of the companies fell drastically due to the financial crisis. + +\[3\] We are holding treasury bills as it has the shortest maturity dates and does not have a minimum holding period unlike the T-Bonds + +\[4\] The 20% cut-off is considered as it would be above one standard deviation from the historical trends + +\[5\] The idea of investing after the market pullbacks is driven by the following report from JP Morgan which stated that 70% of the best days in the market happened within 14 days of the worst ones + +[ ](https://preview.redd.it/tq0655bag0t71.png?width=507&format=png&auto=webp&s=218ce202213b86b88fed658e9656a76ec7c907e6) +Hey everyone, I just finished back and forward testing a forex trading strategy using MetaTrader 4 connected to my own Python script which does all the calculations and sends order back. I would like to have this run independently. I have two options: rent a VPS and trade through there or make my own server and have it trade at home. What do you prefer? I'm leaning towards making my own server as it is much easier to do testing and maintanance (and it's cool). If I decide to make one myself, what should I keep in mind compared to say, a simple web server. Kind regards :) +Hey everyone, I just finished back and forward testing a forex trading strategy using MetaTrader 4 connected to my own Python script which does all the calculations and sends order back. I would like to have this run independently. I have two options: rent a VPS and trade through there or make my own server and have it trade at home. What do you prefer? I'm leaning towards making my own server as it is much easier to do testing and maintanance (and it's cool). If I decide to make one myself, what should I keep in mind compared to say, a simple web server. Kind regards :) +All you gay bears and autists better say a prayer of thanks to our lord and savior J Pow + +https://www.nytimes.com/2020/06/29/technology/reddit-hate-speech.html +I have been trading with binance futures for 3 months now and until now I have accumulated a loss of $1300. I know daytrading is a skill that takes time to master. +But I am so demotivated. What kept you going and when did you start making profit? +Just a fella in need of some motivation and realtalk +Friends, comrade, fellow investors, lend me your ear. + +There has a been a question that has been burning in my soul for the past few days, as I stewed within the dark real during my ban, and the question is this: + +Who, amongst the mods, is the PERVERT? + +We have all seen the reference to various acts and feats of degeneracy. The LEAST of which are the casual, almost nonchalant reference to feet pics thrown around here and there. + +These things don't appear spontaneously from nowhere. Corruption, as we all know, begins from the top. + +So who is the source of this corruption? It's not plucky. This lingering taint is far too much to be just his influence. No, it's someone else. + +So who? + +I've wracked my brains. Tried to connect the dots, but whoever it is, has concealed their tracks and their perversion too well for me. + +But not from the sub. I call upon my comrades in arms to investigate, cast your minds and your memories to previous post, see if we can identify and drag out into the purifying sunlight the pervert that hides amongst the highest echelons of power here. + +WHO IS THE PERVERT? + +[View Poll](https://www.reddit.com/poll/oa6j7x) +Before I continue I would like to say this is LARGELY speculation, I in no way consider myself good at this kind of stuff ( I mean I'm a part of this group so that should say enough ) BUT I am bigly confident in my rationale in regards to this. + +Anyway, I'm pretty sure a LOT of ASX mining companies are set for lift off over the course of the next 3 years, something you retards probably already know but hear me out ok ? + +SO + +lets begin. + +&#x200B; + +Now we all can agree that electric vehicles are going to DOMINATE the auto industry over the course of the next few years, and were getting a nice little glimpse at what's to come. So lets talk about the obvious EV maker in the room. Tesla. + +These are the materials that Tesla need to produce 20million cars per year. + +**Graphite** \- 1,028,775 Tons + +**Nickel** \- 750,410 Tons + +**Lithium** \- 127,302 Tons + +**Copper** \- 1,820,000 Tons + +**Manganese** \- 20,811 Tons + +**Cobalt** \- 68,315 Tons + +**Aluminum** \- 3,380,000 Tons + +&#x200B; + +Now just imagine what those numbers will be once EVERY cunt and their dog wants to start making EV's. Maximum potential, Maximum tendies to be made. + +So what have I / am going to be doing over the course of the next few months ? go balls deep in mining companies that produce these materials, BUT not just any mining materials, no, more specifically ones that are specifically pushing their product to the EV market, and ones who are focusing on carbon neutral and just all round "eco-friendly" types. + +&#x200B; + +I'm still in process of looking for more companies in regards to some of these materials but here is what I have found so far. + +**Graphite - EGR ( EcoGraf ).** \- I'm fucking pumped for this one, These guys are focusing their attention towards the EV market, Carbon neutral AND there stock will be available to trade on the Frankfurt Stock exchange ( Under the symbol FMK I believe ) AND OTC over in the US of A. and we all know how those cunts behave when it comes to the stock market. + +Website - [https://www.ecograf.com.au/](https://www.ecograf.com.au/) + +**Lithium - VUL ( Vulcan Energy Resources ).** \- yeah yeah yeah I know this one has been "Pumped" already and I've seen the previous DD and you might think this one is over, but I would disagree and simply say its currently overvalued. I feel like I don't need explain what these guys are doing you already know, I just have a good feeling these guys will dominate when the time comes. Just wait until they start production. + +&#x200B; + +Website - [https://v-er.com/](https://v-er.com/) + +**Aluminum - AWC - ( Alumina ).** A focus on sustainability, World's largest supplier of alumina ( The stuff used to produce aluminum, they pay a dividend and their on sale right now, what more can I say ? + +&#x200B; + +Website - [https://www.aluminalimited.com/about-awac](https://www.aluminalimited.com/about-awac) + +&#x200B; + +Here are all the stocks you guys mentioned so far as of writing this. + + +**Graphite** : $TLG, $HZR, $MRC + +**Nickel** \- $NIC, $QPM + +**Lithium** \- $LKE, $INR + +**Copper** \- $LRS + +**Manganese** \- $EMN + +**Cobalt** \- $QPM + +**Aluminum** \- $FYI + +&#x200B; + +***For Batteries :*** $NVX + + +&#x200B; + +&#x200B; + +&#x200B; + +As for the rest, still need to do my DD and find some appropriate companies I wouldn't mind loosing my incredible fortune of $300 and a half pack of Winnie blues. + +Let me know what you guys think, and feel free to add any and all stocks that fit the criteria. + +If I haven't gone full retard then I will continue to post my findings, if what I said was dexie fueled gibberish and completely retarded then I will continue to lick paint off the walls and call it day. + +&#x200B; + +Obligatory "I'm not a financial advisor, take what I say with a grain of salt blah blah Rocket ship emoji diamond emoji hand emoji" + +&#x200B; + +Edit \* Yes I know I only added 3 stocks, I was hoping you lads would chime in with help discussing potential for the other 4. +I keep reading 1M$ or 2M$ is the floor. + +Guys cmon, this is livechanging money. +Even for our single digitshareholder brothers. + +Keep in mind they: +- threatend our fellow apes +- infiltrated our homes so we had to escape here +- destroyed thousands of lives in 2008 + +Now its our time to strike back. So get you shit together and stop saying the floor is 1M$. That is just a fucking joke to me. Be greedy, its payback time. + +10M$ or nothing +I've mentioned this in a couple of threads but wanted to share it explicitly as it came as a surprise to me when I found out earlier this year. Many people are probably not aware of the fact that it's often possible to overpay way more than the 'usual' 10% per-annum, without penalty. + +Earlier this year I called my lender to clarify the exact amounts I could over-pay, as I didn't want to fall foul of overpayment limits, and either have my monthly payments reduced (thereby paying down the capital less quickly) or incur a fee. + +I was slightly flabberghasted when I was told that my current Barclays mortgage allows me to pay up to three times my monthly payment amount, every month, without penalty. Better still, the over-paid funds are considered an 'offset', which means that should I get into financial difficulty in future, I can consider these 'advance payments' like an offset, and use them to get a reduced payment or payment holiday until I've 'used them up'. Note that my mortgage isn't an 'offset' type mortgage at all, it's a normal repayment loan. + +What this means in practice is that if you have (say) a £250k mortgage, with payments of approx £1500pcm, you could actually pay a smidge under £4.5k per month, *every month* without penalty. This means you could actually pay around £54k into the mortgage in a single year, without any penalty. The key is that as long as you don't exceed the 3-times-monthly-payment, the lender won't reduce the monthly payment amount - which means they only count as 'extra' payments, and don't count towards the usual 10% overpayment limit. + +I was so surprised, I called my lender back again on a second occasion to validate this (knowing that calls are recorded). I also discussed this with a friend - who found the same thing with his (non-Barclays) mortgage. It turns out it's pretty common. + +So if you have spare cash, and want to significantly overpay, look into this - if your lender allows it (which by all accounts many/most do) you could pay down the mortgage much more quickly than you think, without any penalties/fees. Probably worth checking explicitly with your lender to be sure though! + +Edit: a few people are pointing out that overpaying might not be the most efficient use of cash given inflation and investment returns at the moment. That is potentially true, but it all depends on your risk profile etc. My goal is to be debt free in the next 2-3 years, and I want zero capital risk. Others might have different strategies. The point of the post is to allow people to check the T&Cs of the their overpayment process, not to suggest people use all their cash to overpay. + +Edit 2: Official page that explains this policy. https://www.barclays.co.uk/mortgages/existing-customer-centre/overpayment-underpayment-explained/ +Just curious, how $RIGL does not receive any recognition? Only Pharma with DoD endorsement/Funding at phase 3. Still under $5 with 100% buy + +When I first joined RH, now on ThinkorSwim, I went through top rated companies and $RIGL was one of the lowest with highest buy price at RH gold analysis. + +Yes I’ve had multiple bangers lucky me on $FCEL and $BNGO + +[FCEL](https://imgur.com/a/U0j2lKw) + +[BNGO](https://imgur.com/a/NkFYMnB) + +I am lucky to have some college friends who are at Scripps (internal med Dr), Illumina (Data Scientist), Stanford (anesthesiologist), USC general hospital (Surgeon). They all only have FAANG stocks but helps me do my DD. + +Now back to Rigel, this company has been Solid gain for me for last 2 months slow but surely. When my friends helps me I provide 50+ pharma companies and they look at Clinical trial data to see if pre to phases are promising, next product market size, the competitors, and the management. + +RIGL has multiple bangers here, Rigel Pharmaceuticals is aiming its immune thrombocytopenic purpura treatment Tavalisse (fostamatinib) at COVID-19. Rigel has initiated a Phase II study for Tavalisse that is being supported by the National Institutes of Health. The primary endpoint of this study is cumulative incidence of serious adverse events (SAE) through day 29, with multiple secondary endpoints designed to assess the early efficacy and clinically relevant endpoints of disease course as well as in vitro biological correlatives evaluating the effects of the drug on pathways involved in the pathophysiology of COVID-19. Topline data from the study is expected in April. + +Additionally, Rigel launched a Phase III clinical trial to evaluate the safety and efficacy of Tavalisse in hospitalized COVID-19 patients without respiratory failure that have certain high-risk prognostic factors. moderna or Pfizer vaccine is to prevent contracting Covid, which mNRA is completely useless after having COVID-19. + +If you read above statement, RIGEL is also supported by NIH (National Institutes of Health) + +Recently Department of Defense funded RIGEL for clinical testing on Spleen tyrosine kinase (SYK). + +[ARTICLE](https://finance.yahoo.com/news/rigel-awarded-16-5-million-194500483.html) + +RIGL CEO is Raul Rodriguez (all his previous companies were acquired by JNJ and Pfizer) + +Education +Harvard premed +Illinois chicago Med +Stanford MBA + +[Linkedin profile screenshot](https://imgur.com/a/2XTMekp) + +[Analysts Rating](https://imgur.com/a/IhFKLES) + +[Robinhood ananalyst rating](https://imgur.com/a/9Z2eApk) + +FYI Clinical Trial is being conducted simultaneously in several other countries right now + +Writing this using my iphone hence I’ll stop here. Please do your own DD. +