diff --git "a/reddit_finance_43_250k_212.txt" "b/reddit_finance_43_250k_212.txt" new file mode 100644--- /dev/null +++ "b/reddit_finance_43_250k_212.txt" @@ -0,0 +1,10000 @@ + +I’m just curious how can these companies afford to sell products in Russia if the SWIFT is off and there’s a new rule: nobody can withdraw more than $10k abroad. So how Nestle and others will get their money from selling the products in Russia? + +I’m curious because some companies say they leave Russian market because of morality, the other companies claim they technically can’t do anything because of the SWIFT. + +Could you please explain this? Do the companies lie that the transactions are blocked and it’s impossible to withdraw money? And how the other companies that decided to stay will get their money? How the west will buy gas and oil if SWIFT doesn’t work? + +Is it really impossible to provide online services like Netflix, Spotify, Videogame stores etc? +I understand it's supply and demand and we have a shortage of housing. + +What I don't understand is why those lower-income people don't just stop renting the expensive places and thus lower their rents due to less demand? If everyone is broke who is affording the expensive places to live? +Hi, + +I am looking for (text)books that would go through the steps required to build a mathematical economics model. Can you recommend any (text)books like that? For example, [Mathematical Modeling](https://www.amazon.com/Mathematical-Modeling-Mark-M-Meerschaert/dp/0123869129/) by Mark Meerschaert is quite close to what I'm looking for as it doesn't just provide examples of models, but tries to explain the process of building one. + +Another question I'm hoping to get a better understanding of is how does one practice building mathematical models? How do you create a feedback system to enable you to understand that you're making progress? + +Thank you very much in advance! +Seriously how rigged is our stock market. You’re telling me people have the same confidence right now in our market as 1 year ago? Recession cancelled! +This week I hit one of my long-time goals: got a pay rise to 3x the salary I started my career on (started on $54k). + +I know my salary isn’t impressive compared to the people on this sub, but it’s been a big deal for me. + +Wanted to write this because I’m in no way special and I think heaps of people could do this if they knew it was possible. Also cause I’ve had a few beers so fuck it. + +I didn’t get great marks in school or uni, didn’t get a sick grad position or have rich parents with corporate connections. I just obsessed over increasing my income for years and it worked. + +Here are the three main things that helped: + +1. Networking + +I’m not a natural extravert, but I think that makes me better at networking. People hate sleazy networkers. I’ve tried to have a networking meeting with one person a week, every week, for almost 3 years. (Obviously, had plenty of repeat meetings - not new people every week) I’ve met literally hundreds of people and built great relationships. In fact, every job I’ve had along the way to increasing my income has come from these networking meetings. + +2. Job-hopping + +This one doesn’t need much explanation. It’s way easier to get a pay rise when you change jobs. I don’t think you can do this forever though - I’ve already had a couple of recruiters bring up the fact that I’ve got a stint on my resume that lasted less than a year. + +3. Asking for a pay rise + +Sorry, I know this is obvious, but it works. And most people don’t do this. I’ve asked for a pay rise basically every year in my career so far (which has been made possible by not staying at any company too long - obviously you couldn’t do that if you were at the same company for five years). I’ve had a couple of no’s, but I’ve now learned how to get a good result. I always put together a full pitch, with 2-3 slides outlining the value I’ve created and what I want to do next. + +Hope my experience helps someone else get paid what they’re worth. Too many good people never try to get more money - and they should! +It should be obvious by now that GOOGL has a product problem. They have released quite a lot of products only to fail to follow up on them and die out or have some other company come in and take the lead. + +They are supposed to have some really smart people but they can't seem to turn these products into successful ones. + +You can take a look at how many products and services they have released over the years only to miserably fail one after another ( www.killedbygoogle.com ) + +That said, Google has a pretty good record in the past (Gmail, search, maps, android etc) but they have stalled big time and haven't had any products that can make them a ton of money hence why I consider the company as a one trick pony one. I can't remember when was the last time they released something and gained momentum. Granted, you could just as easily say the same for APPL but they still put out products reminding people they are still very much relevant. When was the last time you got excited over a google product release? Did pixel hit the front page of anything? Doubt it. + +A case could be made for cloud but still every time people talk about the cloud, the discussion is usually between AWS and Azure with Google cloud coming in 3rd and potentially have market share taken from it over the next years. + +They have got a long list of failed projects by jumping into every kind of business only to fail to monetize something. Their best products are the ones are the ones they've had for a long time such as Gmail, maps etc. +I think it all comes down to the management and as far as I'm concerned, I do think that GOOGL ceo is probably the worst ceo out of the big tech. + +What do you think of GOOGL as we go into the future and what's to come for the big tech? +&#x200B; + +1. QNX software +2. In December BB signed a deal with Amazon to work on cloud software for cars (IVY). +3. Clearer picture of vision after BB sold 90 patents to Huawei. It shows that leadership has a better direction of where they actually want to go and are willing to liquidate IP to do so. +4. Though BB is now a cybersecurity stock and not a mobile phone producer they are partnered with OnwardMobility to create a new BB 5G Smartphone. +5. Settled dispute with FB on patents last week in their favour. +6. WSB has definitely played a large role in their recent rise but the fundamentals remain the same. I do believe it's overvalued due to WSB at the moment. + +I have a position in BB but that doesn't mean it's a sure thing. There are concerns for sure. Though BB has beat EPS the last few quarters, revenues have shrunk. Insiders have also recently liquidated their positions on the rise which I don't take as a bull sign. + +Personally I like BB long-term if they commit to John Chen's vision and execute it well! +This morning, I thought I'd finally get round to splitting my ETH. So I started following the instructions at https://steemit.com/ethereum/@pauls/ethereum-fork-step-by-step-guide-to-safely-splitting-your-eth-etc. I recently withdrew ETH from the DAO, so I was familiar with doing stuff with contracts. I had two addresses in my wallet, one I hadn't used for a while which was empty, and one with all my ETH in. I sent all my ETH to the address I hadn't used for a while. + +Then I ran the splitting contract from that older address. Fine so far - then it asks me for my password. I enter it. Wrong password. How can it be wrong? I literally just entered it to transfer all my ETH from one address to the other. Try again. Wrong password. OH... + +THE PASSWORDS ARE DIFFERENT FOR EACH ADDRESS!!! + +Whoops :) + +I am pretty sure that is the end of 900 ETH. Just because I stupidly assumed that you had one password that unlocked your entire set of keys, and not one password per address. I created that old address a long time ago when I was first playing with Ethereum, and I don't have the password written down anywhere. + +If anyone else has any stories of how they lost large amounts of money from stupidity, please share them to ease my pain. +In this CNBC video he says that smart contract platforms are only trying to capure cloud computing (like aws) he couldnt be more wrong. As a side note he says 1 million dollar Bitcoin would lead to a 2 trillion dollar marketcap which is also wrong. + +https://youtu.be/O5j-_wkjVn8 +Over the long weekend I was traveling with my wife to New Orleans and got to speak to some of the people who do the tours. Ghost tours, the air boat bayou tours etc. I then had an epiphany that the best Barista/ Coast fire job out there would be to become a tour guide. You get exercise from being out all day walking around. You get the socialization factor that so many people miss out on when no longer working in an office setting. You get tips that can then go towards drinks or eating out. It seems like a fun gig that you can do in any city you could go to as long as there’s a decent enough history around the city. + +Wonder what other jobs people have that could be great to do and a bit stress free once they FIRE +I’m a gen x’er (just turned 39) and I’m a Linux admin who actually makes a decent living from my day job. I just had my annual review. I met expectations across the board. This got me just over a 1% raise. It was my understanding returning from entrepreneurship and self employment that raises were to help work against inflation. This year failed to do so. Thankfully I have my multiple side hustles to help out. Given about 250-300 every pay period beyond expense of living to invest, what would be the ideal way to build toward retirement + +Edit: this blew up a tad and I’m thankful for the feedback so far but I guess my post came across more about complaining about the raise than my question about what would be an ideal investment given that about of expendable income +The Dow is down four figures today. + +The Nasdaq is in a bear market and down 5%+ today. + +The 30 year mortgage is passing 5.5% and headed to who knows what levels once the Fed starts liquidating MBS in June. + +The Fed just raised short term rates yesterday by 0.5% for the first time in 22 years with more hikes imminent. + +But sure, real estate only goes up am I right? + +[Unemployment Claims just hit 3 months highs and Challenger Grey and Christmas hiring measure just went negative for the first time since the onset of the pandemic](https://www.reddit.com/r/REBubble/comments/uj1g6n/no_bubble_because_best_job_market_on_record/) + +The Bank of England just forecasted a recession by the end of this year. + +My question is simple: what's your assessment of the real estate market? If you aren't bearish, what will it take for you +For example, if I were to say, build a pc that uses a new and rizen 12 core processor, and write it off on my taxes, I know that rules state I can only use it for work. But for how long? Businesses get rid of their equipment eventually. Could I say, use it for quicken and excel for one year, then ""get rid of it"" a year later and still be in the clear? Or do I have to wait two years? Five? Etc... +I am stepping away from my service business to pursue other interests. + +I was wondering if anyone in this sub has any experience with installing someone to run their business (effective CEO) and offering them a package to do so. What does that package generally look like? + +Do they get 10% of all deal volume? More? Just keep them on a flat salary? + +I guess I'm looking for a deal that will incentivize them to grow the business and hustle. + +Thanks! +https://www.cnbc.com/2019/05/03/tesla-boosts-the-size-of-its-share-offering-and-says-elon-musk-will-now-buy-25-million-in-stock.html + +Tesla said Friday it will boost the size of its stock and bond offering that electric car maker announced a day before and that CEO Elon Musk will now buy even more stock in the offering. + +The company will now sell 3.1 million shares, up from 2.7 million previously and boost its convertible notes offering to $1.6 billion, according to filings. Musk will now purchase up to 102,880 shares in stock worth $25 million, more than double his previous indication to buy 41,896 shares. +I was talking to some right wing people who said it's because people are taking loans from the fed and buying them for investments. + +I get that many are owned by investors, is this really how it's happening though? +Krugman also seems to suggest that economists who support these theories are understood to be acting in bad faith. What should we make of these claims? + + +https://www.nytimes.com/2019/01/05/opinion/alexandria-ocasio-cortez-tax-policy-dance.html +After actually reading the posts from this sub that I've been ignoring on my feed for months and discussing with some of the helpful community members, I am now the proud owner of one stonk. Looking forward to seeing where this ride takes us! + +One thing I'm still not super certain of - I don't really get how we expect to paid paid out via the $67T insurance policy? What's stopping the Feds from fucking us? Why would they actually shill out such a massive amount of money here, as it would have severe detrimental effects on the entire economy. Probably easier for them to just bail out a hedge fund again... +TL; DR: After ~17 years of pursuing FI, my last day of work will be April 1, 2022. You can do it too – keep going! + +=== + +Just after my wife and I got married in 2005, we had a conversation where we talked about our long-term goals, and we decided we wanted to retire early. I was relatively financially savvy, and knew we could live off investment interest, but I had no real knowledge of how much it would take. I said, “I dunno, about 1.5-2M would probably be enough.” And so began our path to FIRE. + +I’ve been doing this a long time, and I want to offer a few things I’ve learned on this path and share with others. + +**The advice doesn’t change** + +The online landscape has changed dramatically over the time I’ve pursued FIRE. What started as a few money bloggers, and Jacob Fisker running Early Retirement Extreme has turned into a smorgasbord of opportunities for people to learn about financial topics. Some of the changes I’ve seen include: Fisker turning over the reins to MMM, lots of other bloggers retired and/or sold, things like Casey Serin and the financial crash happened, and there are now better ways [to think about early retirement planning](https://www.mrmoneymustache.com/2012/01/13/the-shockingly-simple-math-behind-early-retirement/); but, the advice is really the same: spend less than you earn, save the difference, and keep going. The advice is simple and timeless. Find a mentor whose style fits yours, and start saving. + +**Be an advocate for FIRE** + +There are reasons to keep your financial situation private, but I have found that sharing my goals with people was the best thing for me. As I have told people about what I am trying to do, they naturally get excited and try to see if it fits themselves too. My conversations have made multiple friends FIRE-able, and I keep a semi-serious running tally and my advocacy has made about ten million dollars in net worth for friends. My goals have infected others, and while some decided they couldn’t stick it out, others have and it’s allowed them to chase their own dreams. I want to be clear, the success is theirs, but I get credit for planting the seed. I think it’s good to change people’s lives for the better. + +**When it’s time, decide you are enough** + +I have had enough money for a while now, and should have pulled the trigger a couple of years ago, but I wasn’t ready. I was worried about the money running out, or someone getting sick, or my house burning down, or whatever. The point is I was still accumulating, and was living in a scarcity mindset. The thing that’s allowing me to start stepping back now is that I’ve learned to start trusting myself – I am the person who accumulated this money. I set the goal, I did the saving, I did the investing, and I understand it all. If something goes wrong, and it likely will, I will figure it out, and I can do it. I’ve done so much already, it’s time to trust myself, and reap the rewards of my planning and work. When your day comes too, remember that I’m rooting for you, and I **know** you can do it. You are awesome, and what you did is awesome. + +**Be generous** + +As much as I care about money, I also don’t care anymore. My money has become a tool. It gives me time, it gives me freedom, and it gives me the ability to give the same to others. I have found that my favorite way to spend money is on other people. While I rarely say no to something I want, I’ve found I basically don’t spend on myself anymore. I get far more pleasure out of giving to others. It doesn’t even have to be much, for example last year we bought all the teachers’ book requests at the school book fair, and it cost less than an XBox. But it felt way better than unwrapping an XBox would have, and the teachers fell all over themselves thanking us. While I like the thanks, next time I will do it anonymously because I don’t want the recognition – I want the kids to have books. Being able to just give to them is the best thing. If you’re still early in this path and money is tight, give time, teach, lend, volunteer, show up. Like the FIRE path, every little bit counts. + +=== + +I have more thoughts on FIRE, and my journey here, but I think this is enough. In the meantime, I want to thank all the people here, at r/chubbyfire and r/fatfire as well – these are great communities. For now, I want to say: “go fuck myself”, and when the day comes for you, “go fuck yourself.” +For some reason I am interested to hear about any huge accounts getting wiped out. Tell me the worst story you’ve got or have heard! I lost 1k before, but has anyone seen someone lose 50k or more in short time? + \*\*\*Please Scroll down to the next post if you are a short term investor and believes in PUMP AND DUMP\*\*\* + +Look guys I won't say we will do 10x or 1000x it just bullshit that every coin says these days. This project is not a pump dump so please don't treat this project as a pump dump. We want this coin to grow more and more because this coin serves a purpose every 1% of the burn goes to the animal welfare community. If you love animals please help this community by holding not dumping. Remember every time you buy this coin it donates for good cause. DEVs post proof of donations if that's something you guys are looking for as well. Still very early and most people don't know about it. + +Plus, is on the BSC chain, which means low fees and fast transactions. + +They have a wallet to burn BINGUS and a wallet to send money to charity. + +Check on: [https://bingus.finance/](https://bingus.finance/) + +You can buy it through Pancakeswap: [https://exchange.pancakeswap.finance/#/swap?inputCurrency=0xda20c8a5c3b1ab48e31ba6e43f0f2830e50218d8](https://exchange.pancakeswap.finance/#/swap?inputCurrency=0xda20c8a5c3b1ab48e31ba6e43f0f2830e50218d8) + +And you can see the charts here: [https://charts.bogged.finance/?token=0xda20c8a5c3b1ab48e31ba6e43f0f2830e50218d8](https://charts.bogged.finance/?token=0xda20c8a5c3b1ab48e31ba6e43f0f2830e50218d8) + +Telegram group: BINGUS TOKEN 2.0 OFFICIAL + +[https://t.me/bingustoken2official](https://t.me/bingustoken2official) + +We are still very early, like, this coin exists for 4 days, and we do have a strong community. + +Get on the train right now! $BINGUS is an awesome project with a lot of potential and amazing devs. Join our telegram group and see for yourself. This could be easily the next moonshot. + +&#x200B; + +Disclaimer: Please do not put your hard-earned savings into there if you need that money for your food, rent, or some medical-related expense. Please invest wisely. +Kicking off a new segment - Small Stacks. I am going to take a small portion of my account and trade it. I’m planning on beginning with $5K. Just like my standard account, I will share progress, updates, etc. My goal is to offer real time perspective on an alternative way to trade a small portfolio. + +If there’s anything else anyone would like me to consider, or include let me know. +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.* +Like the title says. Car was stolen from in front of my house. Saw CCTV footage of them doing extremely easily and just driving off with it. Called insurance and they said the Fire and Theft department will call back. I've heard people getting screwed over by insurance companies so I am reaching out for any advice that may help me. Thank you + +&#x200B; + +EDIT - I'VE FOUND THE CAR!! Madness! My brother spotted it parked on a street near his house! It was just there with no damage apart from the keyhole. They ransacked the car but stole nothing. My baby's car seat and pram is also still here. I've brought it home and notified the police but insurers still not picking up the phone. I've now bought extra security for it. I am still expecting the thieves will be back tonight. + +Thanks to everyone who offered their 2 pence here. +**Kernny's Citadel Bonds started taking a dump the last three months - they also had a huge swing during the sneeze - this is proof that the street and investors are starting to sell Citadel Bonds - LMAYO - the end is near....** + +Source: [https://cbonds.com/bonds/609139/](https://cbonds.com/bonds/609139/) + +International bonds: Citadel, 4.875% 15jan2027, USD +USU1569XAB11 + +These are 2027 bonds that pay 4.875%. The total size of the debt is $500million. + +[3 month chart of Citadel 2027 Bonds... Weeeeee](https://preview.redd.it/d1j1h7joo1f81.png?width=1876&format=png&auto=webp&s=5cb299ab218325ff2a055b5a34533cb36b8ad240) + +[Everyone recognizes this chart.... ](https://preview.redd.it/on81do1to1f81.png?width=1898&format=png&auto=webp&s=814237edc45d4c480971fddc86a230bac5261ee9) + +It tells me that the smart investors knew Citadel was royally f##### during the sneeze... + +**TLDR: Investors are starting to dump Citadel Bonds... Lololololol... Citadel is Fucked... Posting for visibility...** + +[Bond Info](https://preview.redd.it/2rh5a21gp1f81.png?width=1910&format=png&auto=webp&s=e1882d239fe9aa26acf40739385d8fd09470818f) + +**Borrow rate starting to move up - whats up with that??? MOASS incoming...** +(this would be a 10-minute delay update of the briefing by the FM) + +**Intro** + +* This tranche would focus on dairy, fisheries, food processing etc. 11 measures - 8 for farm infrastructure, 3 for governance and reforms +* Lots of stats on productivity of Indian farmers +* Tranche 2 gave 2 packages for credit support +* Purchases at MSP of 74,300 crore during lockdown; 18.7K crore transferred under Kisan Samman; 6.4K crore claims under Fasal Bhima cleared during lockdown; 560 lac litre of milk procured per day by govt and co-ops, and a few more stuff done in last 2 months +* Specific comment: "Focus is on empowerment rather than entitlement" + +**Announcements** + +1. **Farmgate infrastructure - 1 lac crore** \- post harvest infra, storage, yards, cold chain, etc. Request entrepreneurs to use the fund to set up infra. Agri co-ops, farmer society, etc are also welcome to use the funds for infra +2. Micro food enterprises - 10,000 crore - Cluster based approach to help 2 lac+ Micro Food Enterprises to upgrade and meet FSSAI standards. Focus on health, wellness products Examples could be Makhana cluster in Bihar, bamboo shoots in NE, turmeric in Telengana, etc. Preference given to women, SC/ST, aspirational districts +3. Fisheries - 20K crore - Improvement in many aspects of the infra and supply chain - additional fish of 70 lac tons over next 5 years; could give employment of 55 lac plus people; could double export to 1 lac crore +4. **100% vaccination of all cattle, buffalo, sheep, pigs** \- 53 crore animals to be covered - focus on eradicating foot and mouth disease. Also improve tagging and traceability of animals +5. Dairy infrastructure - 15K cr - +6. Support for medicinal plants - 8000 hectares on both banks of Ganga +7. Bee keeping - 500 cr - 2 lac bee keepers +8. Operation green - Additional 500 cr - Farm level support for growers of tomato, onion, etc. Existing pilot to be expanded and extended to all vegetables +9. Essential Commodities Act - Was done during produce shortages; Would be amended to deregulate cereal, pulses, edible oils, onion, potato, etc. No restrictions on export, stocking +10. **APMC Reforms** \- Central law to give farmers choice to sell, enable interstate trade, etrade of produce +11. Price and quality assurance contracts for agriculture - Legal framework - + +**Questions** + +* There was a question on how these would reach ground level. FM mentioned the kind of work done for Ujwaala, JAM, etc. +* Re-confirmation that APMC reform would over-ride state level restrictions - in concurrent lists, central laws take precedence if there is a conflict +* Question on revised GDP targets was deflected with the comment that we should convert the crisis to opportunities +* Question on combining fiscal and liquidity measures - Ans: We have clearly mentioned what is liquidity and what is fiscal. Despite claims otherwise, many countries do this. So there is no basis in the criticism that we are inflating figures. +* Question on money due to MSMEs - Response that only litigated dues are pending. Others keep getting cleared promptly.... Dues as of now from GOI, CPSE, etc as of now is 10,000 crore and very little of this is overdue (Expenditure secretary specifically pointed out that the dues figure mentioned by some politician includes those from corporates) + +&#x200B; + +&#x200B; + +Previous tranches here... [https://www.reddit.com/r/IndiaInvestments/comments/gjks4z/stimulusrevival\_package\_tranche\_2\_may\_14/](https://www.reddit.com/r/IndiaInvestments/comments/gjks4z/stimulusrevival_package_tranche_2_may_14/) + +&#x200B; +As title says, could any body share their experience about using Scheduled purchase plan (SPP) Vs Systematic investing plan (SIP) on MF utility platform? + +On the MF utility platform itself, when I open the SIP setup window, is suggests me to rather use SPP for more flexibility. Could any body share their experience of using both these service? +Say I have 60k in my account and I want to keep 20k for spend A at the end of the month and not touch it, and I want to keep 10k for emergencies and also would not preferably touch it. I want the bank app to show my balance remaining is 30k, with 30k in other accounts. Direct payment outside those 30k should not be possible with upi or debit card etc. I need to liquidate that 20k and 10k first to make use of them. Interest is not a concern. This is purely for my convenience. + + +I know about liquid funds but it's little bit more of a headache. Any bank account you people know of which can do these? +I posted this as a query the weekly thread but got no replies. Since it’s kind of urgent I’m posting it here. So, I’m a fresher who just got his first job. I’m trying to apply for a credit card. The bank is asking for my payslip for the same. The thing is, my payslip has my UAN no. and PF no. Mentioned on it. Is it safe to share this document with the bank? +I have been a bit conservative in my investments - most of it in Dividend paying stocks and Mutual Funds. The portfolio rebound nicely after pandemic-lockdowns. Watching the market now leaves me a bit of jittery - Transport and healthcare sectors have been hit hard, dipping over 10-15% in the past few weeks. + +My portfolio is down by 10% in just the last few weeks. Is this time to double down and add to my portfolio, as some experts are suggesting? + Or is it time to sit in the sidelines? + Apes… You have no idea what you did. With your diamond hands you cut off the blood supply to the “great vampire squid wrapped around the face of humanity” aka Goldman Sachs. + +This moniker was coined by Matt Taibbi in his legendary article **“The Great American Bubble Machine”** from 2010 in Rolling Stone that made a big splash at the time, just after the great financial crisis. + +&#x200B; + +[Rolling Stone](https://preview.redd.it/c83ut5uul6t61.png?width=695&format=png&auto=webp&s=ffd812ad8cb836f82be1145d8756600258638c34) + +# GS is everywhere. So how is it involved in GameStop? + +GS is one of **Melvin**’s prime brokers, as you can see from Melvin’s filing here: [https://reports.adviserinfo.sec.gov/reports/ADV/173228/PDF/173228.pdf](https://reports.adviserinfo.sec.gov/reports/ADV/173228/PDF/173228.pdf) + +GS was also the prime broker to the family office **Archegos**. + +GME was not Melvin’s biggest short. Its biggest short was **GSX Techedu**. And GSX also squeezed incredibly in Jan but was not widely reported in MSM. + +&#x200B; + +[\\"Institutional Investor\\" website](https://preview.redd.it/apsmndg5m6t61.png?width=697&format=png&auto=webp&s=4e3993a8e799ca58fac7dc686284688f89f4467a) + +&#x200B; + +[GSX Techedu squeezing in Jan](https://preview.redd.it/3iifcea7m6t61.png?width=844&format=png&auto=webp&s=54eb7fe5aa31471b91683a19ed6b6a7a7c03bd7e) + +Melvin had a levered **short** position in GSX Techedu financed by Goldman. + +Archegos had a levered **long** position (via equity swaps) in GSX Techedu financed by Goldman. + +So Goldman was making money in prime broker fees on the same security on both the long and the short side. If you remember the equity swap diagrams in my previous post ([https://www.reddit.com/r/Superstonk/comments/mobnyf/the\_anatomy\_of\_an\_equity\_swap\_how\_prime\_brokers/](https://www.reddit.com/r/Superstonk/comments/mobnyf/the_anatomy_of_an_equity_swap_how_prime_brokers/) ), you will know that the prime broker relies on shares being readily available and constantly flowing through the financial system. + +# Here’s what doesn’t make sense to me + +**Question 1:** Why did Archegos have an enormous long position with enormous leverage in a company like GSX Techedu which is worth $6 billion yet has never been audited? **Muddy Waters** offered evidence that the company was a fraud and that its customers were actually bots, hence its interest for short sellers, including **Melvin**. + +&#x200B; + +[No link - my post gets deleted](https://preview.redd.it/z85ya5llm6t61.png?width=791&format=png&auto=webp&s=23e430ed4b3ad11aceb8356ce2569e1165c83d5a) + +**Question 2:** Why would the big banks provide so much leverage to create such a massive long exposure in a fraudulent company? Unless they thought that the leverage could engineer a sure thing. + +**Question 3:** MSM is saying Archegos was “margin called”. But why? When you look at the price charts of some of Bill’s long swaps, they were doing great. Bill was making money. Until GS tanked his shares. + +&#x200B; + +[Bill's longs - until GS tanked them](https://preview.redd.it/org6uxgrm6t61.png?width=1008&format=png&auto=webp&s=1d4606eca73732c1928f0da6e3d89cd5e9feb0e5) + +# My speculative answer + +What happens to a prime broker when its hedge fund client fails? You can read the details here in my previous post: ([https://www.reddit.com/r/Superstonk/comments/mobnyf/the\_anatomy\_of\_an\_equity\_swap\_how\_prime\_brokers/](https://www.reddit.com/r/Superstonk/comments/mobnyf/the_anatomy_of_an_equity_swap_how_prime_brokers/)) + +**TLDR: If a hedge fund client fails and shares are not available to unwind the swap, the PB is f\*\*ked.** + +Melvin’s biggest short was not GME. It was GSX. Both GSX and GME squeezed at the end of Jan. GSX because of Bill. GME because of apes. + +Remember that GS was financing Bill on the **long** side of GSX. GS was fine as long as both the short and the long client were making their payments and GS was making money between them. But with apes diamond-handing GME, Melvin collapsed, putting an end to this jolly threesome. + +GS was likely helping Bill to squeeze GSX but probably wasn’t planning on blowing up Melvin completely, it just wanted to suck as much money as possible out of both of its clients. For that, they need to be alive. Think, parasite. Or vampire squid. + +&#x200B; + +[Vampire squid](https://preview.redd.it/8d4roundn6t61.png?width=308&format=png&auto=webp&s=401f695a214fe4bfc2bcaff84ab15e997e606cd3) + + + +So Melvin died, but was put on life support with a bailout from Citadel and Point72. My theory is that Kenny did this to help GS and the other brokers rather than Melvin itself. If you refer back to the diagrams in my equity swap post, you can see that for a prime broker, a short client failing is much worse than a long client failing. Archegos was still going strong, but GS didn’t like the threesome any more without Melvin. *GS only had a sure thing when it was the one in between getting payments from both sides.* Now Archegos is also dead. But GS is still alive. And Melvin, sort of. Melvin is now GS’s albatross. + +&#x200B; + +[Legendary](https://preview.redd.it/8f8u0ksgn6t61.png?width=564&format=png&auto=webp&s=5efab0a854cbc1844135cc2256b8929d946852d1) + + + +This doesn’t change my theory so far, it just strengthens it. **TLDR if you haven't read my previous posts** 🚀🚀🚀🚀**:** Citadel is helping the prime brokers by doing what it can as a market maker to bring the price of GME down and to engineer “doomsday” (see Kenny’s FT interview) while the position net short on equities and long on gold to make money and to insulate themselves from a market crash. Because GME’s beta is so negative, this seems to mean that to do this, GME will have to moon. We have known for a long time that GME has a weird beta, but **so does GSX Techedu**. Don't ask me why. Are extremely negative betas the new normal? + +&#x200B; + +[Macroaxis, 14 April 2021](https://preview.redd.it/d83nxi0sn6t61.png?width=738&format=png&auto=webp&s=edcfd167ba73601d2f92a7bf7edf4cac73b606ac) + +&#x200B; + +[Macroaxis, 14 April 2021](https://preview.redd.it/xlycmnmtn6t61.png?width=734&format=png&auto=webp&s=e6449fd47fb995c8274c131b6a6576c4d192dd3e) + +I was going to share some sources but my posts gets deleted. Otherwise, you can find plenty on Goldman online if you google "Goldman" and "mafia" together. + +&#x200B; + +[No link](https://preview.redd.it/sc08ssy1o6t61.png?width=810&format=png&auto=webp&s=d60b87c3ba281a33d0e3ca9bb05e45ab2fe2a8e6) + +# Last question + +Where is Bill Hwang? Is he dead? Is he in the Caribbean? Why isn’t he suing Goldman? Makes me think of this movie. + +&#x200B; + +[Movie recommendation](https://preview.redd.it/yf4gvik5o6t61.jpg?width=590&format=pjpg&auto=webp&s=093b70aab5e51c0ed83dfa91b0f022db876be5b9) + +Check it out – is a very good financial thriller about private money, special relationships and sacrificing your life as a whistleblower. + +Disclaimer: Not financial advice of course. Educational and entertainment purposes only. +My school does not offer any financial planning courses and so I was wondering what books/movies/youtube channels would be a good place to start educating myself? Also what are some general tips, I plan to go to college with financial aide, I probably won't be able to get a job right away because of course load, I currently have a job but my parents keep my money, but I plan to make some money over the summer for myself, what is your advice +I just got a substantial promotion and raise at my job and I’m currently making 50k a year, taking home about 38k after taxes(cause Oregon ☹️). I’ll get my first paycheck next week! + +I’m currently $11,000 in debt, I’m expecting to be able to pay off 5k with my reimbursement from school loans in a month. 4K is on cards with no interest until August of next year. + +Then I’ll have 32k in student loans kick in in June of next year. + +I pay $870 in rent+utilities. + +I spend too much on food currently, actual figure unknown, but I spent something like $700 in July. We just kinda splurged a bit for birthdays and events so I’m super reigning that in and avoiding eating out more than once or twice a month. If I’m grocery shopping and avoiding excessive eating out I’m confident that $250-300 a month is a super reasonable budget here. + +Gas is about $150-$200 a month. + +Car insurance is $90 a month + +I spend about $30 a month to do my laundry. + +I pay $50 a month for Internet/tv. + +I pay $75 for my phone, this will drop by $20 in 4 months when my phone is paid off. + +I pay $150 a month for health insurance and 20 a month on prescriptions. + +I have a $30 a month 24 hour fitness gym membership that I use occasionally and am stuck with till March. (I’m planning to call member services and see if there is anyway they can cancel it without me paying the remainder of the year, but I’m doubtful it’ll work out) + +Also a $100 CrossFit gym membership that I use 2-3 times weekly. + +I’d say another $100 or so a month goes to other necessities like cat food, cat litter, shampoo, conditioner, toilet paper, dish soap, laundry soap etc. but I’m really not sure about the exact figure. + +There’s not really a ton of extras, I have a $25 beauty box that I’m cancelling, I’ve spent probably $200 on jewelry in the last two months(it’s rare for me to buy anything like this). I also need to go clothes shopping fairly soon for the seasonal transition, I’m expecting around $300 for this. + +How should I go about getting this paid off ASAP and does anyone have recommendations on saving strategies for someone who sucks at finances? +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! +These vultures are pretty known here in Sweden. So much that there is a book called “The consultants” describing how they went about it all. + +https://sv.m.wikipedia.org/wiki/Konsulterna (Swedish wiki link sry hope translate works) + +Apes, these assholes are up there with Ken Griffin, Steve and the rest of the corrupt assholes of our world. + +I am so happy RC is aware and ready to bring the hammer down on them. They’ve truly fucked with the wrong company this time. +>[https://www.theglobeandmail.com/investing/markets/inside-the-market/article-bmos-top-dividend-growth-stocks-to-play-a-bounceback-in-income/](https://www.theglobeandmail.com/investing/markets/inside-the-market/article-bmos-top-dividend-growth-stocks-to-play-a-bounceback-in-income/) + +Text in comments +**Mods:** I flaired this DD, but please let me know if another flair would be more appropriate. + +**Edit:** Added links to the transactions mentioned in this post to back up what was said. + +I tend to mostly lurk and don't comment or post things on Reddit a huge amount, but I've been involved with crypto for some time, and GME since January, and this needs to be said before someone ends up getting scammed. + +With the recent teaser about the GameStop NFT (The actual, legitimate token contract address can be found on nft.gamestop.com), people are naturally pretty excited. Many apes are not overly familiar with crypto, and the combination of excitement, FOMO, unfamiliarity with crypto and likelihood of having money to spend (given that apes are buying GME), apes are very attractive targets for crypto scammers. + +Please be super careful at any new token you see bearing the label of "GME", "GME Coin" or similar. There are a few very important things all apes should be aware of regarding crypto (particularly the E-hereum (name censored because of automod's wordfilter) platform, on which the *actual* GME NFT contract is deployed) to reduce your risk of falling for scams. + +**First and most important:** + +**Anyone can deploy a token contract, and they can give this token any label they want.** The `name` and `symbol` fields of an ERC-20 (the standard which all fungible (these are different from NFTs, which are covered by the ERC-721 standard) follow) token contract can contain **arbitrary** values set by the deployer of said contract. + +Just because a token's symbol is "GME" or it's name contains the word "GameStop" **does not mean the token has anything whatsoever to do with GameStop Corp.** + +**Secondly:** + +You can send a token to any address on the network. The receiving address does not have to actually do anything to receive/accept this token, and indeed, may not even be aware they have been sent this token. Sending tokens to random addresses is a pretty common guerilla marketing tactic for crypto projects, and more often than not, one employed by particularly shady projects (scams, pump & dumps, etc). This is such a common thing that "token spam" is a well known phenomena to folk in the crypto space at this point. + +**Just because some token is sent to the actual GME NFT contract, does not imply any kind of association with GameStop Corp. Any spammer can send whatever random tokens they want to it.** + +**Finally:** + +At the time of writing this message, no legitimate GME NFT units exist; a token contract has been deployed, one unit was created in the [same transaction](https://etherscan.io/tx/0x89df343d7e245d42a09de2c790c8c471a0956f32b55631a53a15268c56a74c2d) as the deployment of the contract (likely either a mistake or a test), and was [burnt](https://etherscan.io/tx/0x39cc33bf2eb46bb2dc483c9f685e5f04307ebb9526f6be9027f71bdb71e3e6b6) (permanently, irrevocably destroyed) shortly thereafter. + +**Anyone trying to sell your any kind of "GME" token at this point in time is almost certainly trying to scam you.** + +To help explain this, here is an example of just one type of scam that you could potentially fall for: + +1. The scammer creates a worthless ERC-20 token and gives it a name and symbol that make it look like it has something to do with GameStop Corp. e.g. they may give it the symbol "GME" or name it "GameStop coin" or similar. As the creator of this token contract, they can give it whatever rules they want (i.e. they can give themselves as much of it as they desire). +2. The scammer sends some of these worthless tokens to the actual GME NFT token contract address, to give some extremely thin veneer of legitimacy to it in the eyes of apes who are unfamiliar with crypto. Apes come along, see the actual GME NFT contract has this token and assume that this is proof of legitimacy (**it is not**). +3. The scammer sells their worthless tokens on a decentralised exchange. On most decentralised exchanges, any ERC-20 token can be traded from the moment it's created; no one needs to manually list the token on the decentralised exchange, nor does anyone need to verify it's legitimate, or even look at it in any way. +4. Excited apes FOMO into the token and end up giving their money to the scammer, receiving nothing in return but a worthless token. + +I've already seen at least one likely attempt at this scam mentioned in the comments here (feel free to look through my comment history where I've been pointing this out). I know everyone is excited, but please, be very careful; crypto transactions are irreversible and if you are scammed, you will not see those funds again - there is no way to undo a transaction, and any competent scammer will likely immediately launder their profits via an anonymous crypto such as M-nero, rendering attempts to track them down impossible. + +Whenever handling tokens **always** verify the address of the contracts with which you interact, and compare these against addresses from **known legitimate** sources (such as nft.gamestop.com). + +**TA;DR: Don't FOMO into random "GME" tokens without actual proof they are legitimate. Stay safe out there!** +A little trick that has really helped my wife and I spend less money is to try and have two days per week where we don't spend a single dollar. + +And it's actually a lot easier than you might think once you get used to it. + +It really forces you to pack your own lunch, make a pot of coffee at home and avoid all those little (and unnecessary) expenditures that add up over course of a month. As a bonus, by forcing yourself to forego the pack of gum, diet Coke and whatnot on your $0 days, you wind up cutting these things out naturally on the other days. + +EDIT: Just to address those who say this is nothing more than creative accounting that doesn't save you any money, there are dozens of types of expenses that we wouldn't "make up" on other days. + +If you don't buy a latte on Tuesday and Thursday because these are your no-spend days, you're unlikely to buy two on Wednesday and Friday to double-down and you're equally unlikely to buy an extra one the day before to sit in your car and wait for you. + +And if you try and "cheat" by buying a case of diet Coke and box of gum ahead of time, you're still saving a ton of money by buying in bulk. The cost of 24 cans of diet Coke at the supermarket is the same as 5 from the machine at the office. + +If you pass on that clever t-shirt you happen across but had no intention of buying you are unlikely to drive back the next day to get it on a "spending day." + +You won't drink twice as much the next night because you passed on going to the pub after work with your mates on a non-spending day and you won't see two movies instead of one and on and on and on. + +On top of all that, just getting into the mindset that it's possible to go a full day without spending a dollar starts the habit of watching how you spend every day. + +Clearly not every trick works for everyone and clearly if you're taking home a couple grand per week such a tip might be silly - but in our experience it absolutely helps. + +EDIT 2: Man...I love Reddit, hahaha. Some of the comments here are pure gold (no pun intended). Yeah...I get it. Some people are poor and don't make as much money as they'd like/need...but this is a totally separate issue. The reality is that, for all our bitching, most people in the first world do, in fact, earn enough money to have some sort of discretionary spending. Sure, if you already have 4-5 days a week with $0 to spend this advice won't be relevant...but this is a totally unrelated issue. + +And on the other shoe...yeah, I also get that some people earn so much money that saving a few grand a year on snacks, whizbangs and doodads won't make a real difference....but the majority of people don't earn six-figures and the majority of people do spend more than they truly need to in order to be happy. + +At any rate...I had no idea this was going to blow up so big - it just kind of popped into my head this morning as I was drinking my coffee how big of a difference it's made for us to do this (it's been about 7 years now that we've more or less followed this pattern.) + +All that being said, a couple years ago I posted about our success using the envelope system and the shit truly hit the fan, haha. +I don't know anyone that started out great, stayed great, and will always be great at trading. + +I've seen a ton of people get lucky, think it was skill, and then lose their ass. + +Myself included. I had $170k in unrealized losses, before I figured it all out. Assuming I have it figured out. + +I was determined to not settle for the loss. If I had an edge, a real edge, I would be able to dig myself out the hole and then some. I did just that. + +I still don't know everything there is to know about options. Hell, I just started implementing delta hedging in my strategy last week. But I'm always in the pursuit of learning more and I have figured out how to draw a respectable income from my trading. + +How much did you lose, before you finally got it? +EDIT/UPDATE: APRIL 21, 2021 + +We got our money back! Not 10 days later, not 15, but 32. + +We filed a complaint with the FDIC, had a case manager assigned, due to our complaint, from the suntrust regional office, and 3 days later, we got a phone call letting us know "they don't know why the account was flagged, but the issue is resolved , and we can continue banking as normal. our funds were available to us". I don't know about you, but that pissed me off even more. It took a complaint from the FDIC to get a call back from someone. No answers for over a month and all of a sudden, there's nothing wrong. We went straight down to the bank to close our account and withdrew our funds. + +All in all, this experience really opened my eyes to just how criminal the banking system in the USA is. I saw so many comments stating "This must be a fraud case" or "there's most likely flags or reports on our account". I mean, sure, i guess that's a reasonable answer, but we are good people. We work hard, we're honest, and we get all our money deposited to our account via direct deposit. There was no fraud, no strange purchases, nothing. + +Just an incompetent bank system. + +\----------------------------------------------------------------- + +On March 3rd, 2021, my husband was out and tried to buy a cheeseburger, when his card declined. He called me to let me know his card was not working and asked if i could get to the bottom of it. I had noticed the previous day, that the app on my phone for our bank, SUNTRUST, was not letting me login as i was trying to check our funds for budgeting, and i assumed the app was being updated so i didn't bother with it. all in all, i ended up calling the customer service phone number on the back of my debit card, which connected me with a representative to whom i explained the current situtation. The representative began to stutter and could barely get a sentence out without placing an "umm" between every word, which instantly gave me anxiety. As she procceeded to answer my question as to why my card was not working, she stated "The account has been closed, Suntrust decided they will no longer continue banking with you as per a 'routine review' of their accounts". As you could imagine, i was instantly irate, Due to the fact that all of my husband and I's funds were in this one sole account, and i had not recieved ANY notification of closure or review. I instantly hung up the phone, and decided i would go down to my local branch, because surely this was some mistake. + +As i arrived at the branch, i sat down with a banker in a very humid glass office, and kindly explained what the representative had told me on the phone, but that i had no knowledge of why this would have happened. The banker seemed confused as if this had never occured before, and procceeded to pull up my account. As he read over the notes, he remained quiet which i found odd. He turned to me and very plainly stated "there are no notes in regards to the situtation, im not sure why, there is just a phone number provided for you to contact for more information, im sorry." and handed me a paper with the said phone number on it. + +I walked out of the building, and called the number in my car from the parking lot. It brought up the automated system for the suntrust fraud department, which then led to me to a representative with an international accent, most likely indian, which led me to assume this was an offshore phone number. I again had to explain my situation and yet AGAIN no explanation could be provided. + +At this point, i was now past anger, and my emotions grew into fear, where is my money!? + +I walked back into the branch, unsatisfied with the service being provided from this institution, and requested to speak with the manager. He politely led me into his office, as i again explained the situation. as the banker before had, the manager pulled my account up and read through what seemed like an endless amounts of notes, yet could not provide an explantion. He stated he had to call the 'back office' who are responsible for account closures, placed the call on speaker but as soon as someone picked up, placed it on a personal call so i could not hear the responses. The manager explained what was going on, and asked "is there any information that i CAN provide to the client?" which flew a huge red flag for me.. what do you mean what you can tell me? its my money for god sake, don't hide information.. but anyways, he continued on and could only state that the fraud department was reviewing my account and they decided to close the account. he could not provide any timeframe for when i would recieve my money, but that it would come through a check in the mail. I cried right there unapologetically, this bank took all our money, won't give us access to it online to even verify the amount in the account, and won't provide any further information. + +I have no money to pay the bills, feed my family, put gas in the car. I don't know how this is even legal, as i have seen many other people's testimonies reporting the same, with no luck for a resolution. We had thousands of dollars in this account, and they took it all without remorse or explanation. + +What do we do now? Get a lawyer? How do we pay? + +If this has happened to you, i am so sorry, but this just can't be legal. + +what now. +I don't know what to say except express my dismay (wow that was poetic). + +They're a really good company with a great brand identity, a plethora of creditable assets and are investing in the future. + +**But**, that is 3x what I value them to be. + +I would wait for the inevitable pullback I guess and hope for $60bln. + +https://www.cnbc.com/2021/04/14/coinbase-to-debut-on-nasdaq-in-direct-listing.html?__source=androidappshare +Hello everyone, + +I was holder of VVAL (Vanguard Global Value Factor Fund) but the fund got liquidated recently. I know it was announced, and I could have probably sold before it happened, but now it is too late. + +I see on my interactive broker account the position is there, But I cannot sell nor do anything with it. I read on the internet, that I should get the proceeds of the liquidation at some point, but I could not find any information about how long it usually takes. + +My question would be: + +1. Do I need to do anything to get my money back ? +2. How long does it usually take until I can get my money back +3. Is the fund, at this exact moment still invested with the assets, or is it sitting on a pile of cash doing nothing till investors are paid back ? + +Thank you ! + +**EDIT 12-03-2021**: + +It is here ! I got my balance refunded with about the same as the closing balance I had on the 24th of February when they delisted the thing. Looks to me they sat on some cash for a few weeks to me cause no gains was made, while SCV and other value etf went straight up. I did not have anything to do to have it done. The cash appeared between 4 to 6 pm on March 12th, so one day after the "supposed" settlement date. Kind of weird to me how it all works but hey happy ending for me :). Now I am hoping will be a happy ending as well for all the people who are still waiting in fear, but hopefully everyone can get their cash back and continue growing their capital ! + +**EDIT 11-03-2021:** + +As of now the situation has not changed, I just got a notification from IB which disapeared since then about a "Merger" of the underlying fund, which is not quite the same than a liquidation. I am hoping IB acknowledges the receipt of cash very soon :) + +# corporate action notification from IB in my message center: + +***Summary:*** *Pending Merger VGVL@FWB2****IBCS 2021/03/06 22:27:20****VGVL@FWB2 (Name: VANG GLBLVAL USDA) is the subject of an announced merger effective 20210311.* + +*ISIN : IE00BYYR0B57* + +*Please note, allocation from either a voluntary or mandatory merger offer will be made upon receipt from the Depository / Clearing House.* + +*Please click here (* [*LINK../1619*](https://ibkr.info/node/1619) *) for information regarding IBKR's corporate action notification process.* + +*Please click here (* [*LINK../1063*](https://ibkr.info/node/1063) *) for important disclosure information.* +In July of 2010 I bought 1000 dollars worth of bitcoins at 8 cents a pop. I have been slowly converting them to cash with random buyers etc....Besides the few charge-backs and scumbags it has gone over well....I now have enough money to live the rest of my life off of if I am careful.....Funny to think that in 2016 I was flat broke and had nothing to my name. I will be honest the long drawn out process of changing them into cash is tiring and I still have plenty left in my wallets.....I just wanted to ask if the community would be interested in a kind of scavenger hunt for a few wallets I have loaded with some BTC...Possibly jsut to bring people together and spread what is left to those who can no longer afford to get bitcoins or whatever....If you guys are interested, upvote or just let me know...I plan on making it fun...btw i went out yesterday and bought a few troy ounces of gold I was going to throw into the crates I plan on hiding these in.....I can only do U.S i cannot travel to europe..... + + +EDIT: Sweet....give me a few days to get stuff together. Ill do somthing online too for the international community...lets hope they keep going up and dont plummet like they did today. + +EDIT2: I cannot say where in the U.S that would make it too easy lol. Also, too all you guys saying its fake....ok I love you all the same. I am just trying to give back. I choose this way because it is anonymous and no one will ever know who I am. I do not want attention on a personal level. I want people to come together towards a common goal. I love seeing people happy. I have seen anger and violence my whole life and I am tired of it. If this means someone can give their wife a new house, or their husband a new car or their kids a good education. I have accomplished my goal. I have one life to give and live, and my actions define who I am, not my wealth. In the end money is just numbers and means nothing when you die. If you want to participate....cool, if not....cool. I understand and wish you the best in life and everything you strive to be/do. +Hey everyone. I had allocated RSUs of a company in India who few months back got listed in NASDAQ. Wanted to understand how are tax calculated on these RSU converted shares? + +As I understand, once I sell the shares I would need to pay tax directly to US authorities. And don’t need to pay anything in India as we have double tax treaty with US. +Great news for the company. Current completion date is march 31 2022, but the contract could be extended till march 31 2026. Palantiar acquires another potential long-term customer. Here is the link:[https://govtribe.com/award/federal-contract-award/delivery-order-gs35f0086u-89233121fna400352](https://govtribe.com/award/federal-contract-award/delivery-order-gs35f0086u-89233121fna400352) +[https://www.wsj.com/articles/wsj-survey-majority-of-economists-say-manufacturing-sector-in-recession-11570716000?mod=hp\_listb\_pos2](https://www.wsj.com/articles/wsj-survey-majority-of-economists-say-manufacturing-sector-in-recession-11570716000?mod=hp_listb_pos2) + +Oct. 10, 2019 10:00 am ET + +U.S. manufacturing is in recession, two-thirds of economic forecasters said in a survey, and overall growth in the second half of 2019 is expected to further slow. + +In a Wall Street Journal economic survey conducted in recent days, 65.3% of private-sector forecasters said the manufacturing sector was in recession, or two or more consecutive quarters of contraction. + +Forecasters’ estimates for economic growth in the second half of 2019 also ticked lower, with U.S. economic output to grow, on average, at a 1.82% pace in the third quarter and a 1.77% rate in the fourth quarter. Those figures are down from a September survey predicting 1.92% and 1.81% growth rates, respectively. + +Respondents largely cited the uncertain trade picture, weak global growth and U.S. political developments in their comments on the economic outlook. + +“It’s a laundry list of ‘shocks’ that are coming one after the other: global growth hiccups, Boeing Max fiasco, IPO market fizzle, GM strike, election cycle swoon and getting compounded by the impeachment drama,” said Georgia State University economist Rajeev Dhawan. + +He is among the 55 economists the Journal surveyed from Oct. 4 to Oct. 8, although not every respondent answered every question. + +U.S. Worker Demand Softened Over the Summer + +Manufacturing data is closely watched not just for what it says about factories, but for the signal it sends about demand in the wider economy. U.S. factory activity contracted for the second straight month in September and hit a 10-year low, the Institute for Supply Management reported earlier this month. + +New orders for durable goods—products designed to last at least three years, such as computers and machinery—were down 4.2% in August from a year earlier, the Commerce Department said last month. + +Manufacturing data is closely watched not just for what it says about factories, but for the signal it sends about demand in the wider economy. PHOTO: SCOTT OLSON/GETTY IMAGES + +“But factory employment is still among the highest we’ve seen in more than a decade, so it’s premature to say it is in recession,” said Bernard Baumohl, chief global economist at the Economic Outlook Group, in the survey. + +Chad Moutray, the National Association of Manufacturers’ chief economist, said manufacturing business leaders are pushing for greater certainty on trade, including a reworked trade agreement with Mexico and Canada and a bilateral trade agreement with China. + +Manufacturing makes up a relatively small slice of GDP, accounting for about 11% of total output and about 10% of total private employment. A contraction in the sector doesn’t necessarily mean the 10-year-old expansion is about to end. +Hey all, + +So I finally have found my first **\*\*potential\*\*** deal. It's a 12 unit apt building here in the Midwest. Problem is, the current owner has unreasonable price expectations. She has said "I want over a million" yet the property needs new signage, new doors, pavement, etc.. It does produce solid income of about 70k NET but clearly her not having a specific number makes no sense. + +Further, she's said "I've gotten offers for over a million" like what haven't you taken those then? I also brought up seller finance but she said no (will try to explain this concept to her again)... + +So I'd really appreciate if you can provide me some advice here because it is a really good opportunity but clearly I don't want to overpay for it...thanks. +Drowsy 2am rant cause I have nothing else to do!! + +Now seeing a bunch of posts and comments gaining lots of traction about hedgies (JP Morgan) wanting to let it rip to $1000 during the holidays and then crashing it before the "real MOASS" +They are already planting the seed in your brain to sell and get back in at lower price, you think you are very slick and will outsmart thousands of other people thinking the same thing. + +This sounds to me like they are baiting weekly options gamblers and paper hands to try and swing trade, CAREFUL you might sell and wait for a dip that never comes. And have no option but to sit back and watch it hit 5k 10k 15k 50k 69k etc etc etc + +I've read many comments way back say "if ROBBINGTHEHOOD wouldn't have shut off the BUY button all this would have been over and everyone would have sold at $1000", well DONT BE SURPRISED if that's the only card hedgies got 🤣🤣🤣 but we are SOOOO passed that, for me it comes down to NO CELL, NO SELL + + +BUCKLE UP, DON'T JUMP OFF THE FUCKING🚀 🚀🚀 WHEN YOU 1ST SEE SOME CLOUDS!!!!! + +BUY, HODL, DRS IS THE WAY + + +Definitely not finacial advise, as you can see my redacting skills are those of a middle schooler!!! + +Edit: by "rant" I just meant observation or PSA +I'm a millennial who started investing 3 years ago and I saw all my gains from the last 3 years disappear in the span of 2-3 weeks. This is my first real experience in a bear market and I'd be lying if I wasn't feeling stressed about this whole situation. + +Literally every single investing sub out there ( r/stocks, /r/investing and /r/wallstreetbets) is talking about doom and gloom and how this is going to be worse than 2008 and how people who haven't sold everything or haven't bought puts are a bunch of idiots. And then I switch to r/CanadianInvestor and see people here talking about Smith Manoeuvres and ways to exploit these sudden drops. + +This sub is a much needed fresh air so thanks for being around! Who knows where the market will be a year from now. Maybe the folks down at r/stocks or r/investing are right that this is indeed going to be worse than 2008 but reading this sub definitely calms my nerves and makes me want to buy more stocks. + +* So that being said, whats everyone eyeing? Help a novice investor.Should I put all my cash position on [VCN.TO](https://VCN.TO). +* Should i buy some TD and RY? +* Any individual stocks you are looking at? + +Let's spread the positivity in these hard times. +Either way you have to pay the same amount for the product - only difference being that you're delaying the time for you to pay for the whole thing, so you might as well pay for the whole thing in full when you buy it. + +Could someone explain to me why Afterpay is such a popular thing? +Throwaway account for somewhat obvious reasons. + +A little less than 2 weeks ago I made a ShitCoin ERC-20 as a goof/parody/meme. I made a website, twitter, and listed it state of the dapps. All I did in the first week or so was tweet a bit and shitpost on 4chan. Then last weekend it exploded. At the height it did 7,000+ transactions from 1,700 unique addresses and took up 2% of ETH txs on the network in 24 hrs. It peaked at rank #9 on state of the dapps. + +It slowed down but the crazy thing is that it didn't stop. It's currently sitting at #15 on state of the dapps (above legit dapps like IDEX, gods unchained, etc..). Doing 500-1000 tx per day. Even more ridiculous is I turned on a token sale. And tokens have been actually being bought with real ETH! I hope people understand it's just a meme. + +Just to be clear ShitCoin has no special features, not innovation, nada... So clearly it's going to be the next big thing. + +What should I do at this point? This current airdrop/sale is about 20% claimed and 15% sold. Ends in about 6 days. Do I list in on an exchange? Do another round of drops? What would you do? + +The site is [shitcoin.fun](https://shitcoin.fun/). If you want you can claim ~~420,000~~ 42,000 SHIT. Free of course. No email or other BS, just a contract interaction. + +At the very least I hope the site makes you laugh + +EDIT: Wow. SHIT is getting gobbled up fast. Just to be clear this is in no way a solicitation to buy SHIT. But if you do want to join the ShitCoin revolution follow us on twitter [@Shitcoinfun](https://twitter.com/ShitCoinFun) and join our telegram group [@officialshitcoin](https://t.me/OfficialShitCoin) + +EDIT 3: There is now an official shitcoin subreddit [reddit.com/r/TheShitCoin/](https://www.reddit.com/r/TheShitCoin/) + +EDIT 4: Again wow. This was just a goof but looks like I started some shit. As suggested I will post tomorrow in /r/ethfinance. Check it out if you wanted to be added to the team i will be adding there tomorrow. I am really happy with the response and I promise to do my best to make this the worst coin ever. Also as requested I will get a discord going (message me if you want to mod). Looks like the token sale and airdrop will run out soon(only 55bn left). I will start another but with lower airdrop sizes and higher token prices. So get them while you can! Peace and stay shitty \~Icarus aka Shitoshi + +EDIT 5: You Shitheads are absolute animals. Some of you bought much more SHIT than I ever anticipated. All of the shit that I deposited into the contract will soon be purchased or airdropped. Airdrops and sales have been temporarily disabled on the site while the contract is being refilled. I will honor the initial 10,000 airdrops of 420,000 SHIT, (which are going quickly). However due to demand SHIT price will be raised from 100 million SHIT for .01ETH to 10 million SHIT for .01ETH. I do not see any pending purchases, so no one should get less than they think they are purchasing. However if you feel this happened to you please let me know and I will make it right. + +EDIT 6: Everything is updated and airdrop and sale are both live on the site. I closely watched the transactions and no one should have purchased SHIT at a higher price than they thought. However if this happened to you please let me know. The shitshow may now resume. + +EDIT 7: You Shitheads are all breathtaking. This shithead is burnt out for today. I will get back to everyone tomorrow. + +EDIT 8: Hey Shitcoiners I'm back! About 15 minutes ago the 10,000 airdrops of 420,00 SHIT ran out. But fear not I've turned on a new airdrop of 42,000 SHIT! Total of 10,000 drops available. I'll be creating a new post shortly. +There's a lot of speculation going around that the NFT marketplace is going to crush the SHFs. + +I really don't think it will happen like that. I believe many institutions will see it and say "so what?". My opinion is that it will probably take a couple of quarters for the revenue to get ramped up for more potential longs to see it as a profit machine instead of a liability. + +The marketplace is a tool in GameStop's shed, it's not the MOASS trigger by itself. + + DRS is the fastest and most direct way. +The SEC needs to step up and get rid of all the things that are ruining the system. The HFs and DTCC let this situation get this bad and they need to pay. Cmon GG, make some moves. Atobitt is revealing some deep shit so your work is done for you. + +&#x200B; + +I'm honestly pissed. But I'm holding. I will hold as long as I need to for these HFs to be destroyed. +Today, I hit my number, today is "SomeDay". + +I'm still happily employed, and fulfilled, but today marks the day that for the first time, I've hit my number. I don't really know how I feel about it all, as the market is fully decoupled from the economy, and there has never been a more uncertain time in my lifetime -- but here we are. + +It's been 20 years of often working 50+ hours, working on growing my career, playing defense with the personal finances and then offence with the investments. I'll try to write up my path for some future Milestone Monday, but for today, it's just a stake in the ground. + +You may all tell me to fuck off now. + +Edit: I'm 44 years old, single-income, two kids. The number is 1.8MM CAD. + +Edit2: That's 1.8MM NW, as if I sold some stock to pay off my house tomorrow, not including any home equity gimicks in there. RE will be in four years. +Hi + +I’m single, 28 and have an 80K salary. I have 150K savings in the bank and looking to buy a house vs renting. Currently living with family and pay no rent. Living in London + +Is it wise to get on the property alone now or would you wait until you had a partner? + +I can borrow 400K mortgage and have 150K. I would like to move out but wondering if I should wait until i have a second person or if I should just go ahead. + +I think house prices may continue to rise over 5 years so is it better to buy now rather than cause my savings to lose value sitting in cash? + +Thanks! +Status' market cap at the end of this ICO will be $275,814,878.06 based on the total of max SNT 7,317,073,171, which will most certainly all be sold in this ICO (remember irrational exuberance with the Gnosis ICO?). Beware of this.. investors will almost certainly be better off holding their ETH. Only BAT and GNT outperformed ETH and they had small caps with their ICOs. Also, no one needs a quarter of a fucking billion dollars to build a project like Status. This is just GREED on the part of the Status team. + +Section 12 in [terms](https://contribute.status.im/status-terms.pdf): +12 Token Pools: ​At the end of the Contribution Period (and regarding Pool C also after the end +of the Contribution Period), an amount of max. **7,317,073,171 SNT** (as specified by Status +GmbH 12 hours prior to the start of the Contribution Period on: https://contribute.status.im) is +3​ | 15 +planned to be created by the Smart Contract System, all of equal value and functionality, +however, divided by the Smart Contract System into four different pools. +I developed it as an experiment, I don't want to do an ICO or something like that; the end goal is to test it and see what happens. + +On each transaction, two things happen: + +\- 1% of the amount is destroyed (Burned) + +\- 1% is assigned randomly to one of the 512 Top Token Holders + +With those properties, we should see some new tokenomics arise, for example, it may be better always to spread the tokens among multiple addresses, to increase the times you get randomly selected. + +This is the link to the site + +[https://shuffle.monster/](https://shuffle.monster/) +**Official announcement (with screenshots/video; text below):** [https://brave.com/tor-tabs-beta/](https://brave.com/tor-tabs-beta/) + +**CNET coverage:** [https://www.cnet.com/news/brave-advances-browser-privacy-with-tor-powered-tabs/](https://www.cnet.com/news/brave-advances-browser-privacy-with-tor-powered-tabs/) + +![img](65nvbx14rr611 " +") + +# Brave Introduces Beta of Private Tabs with Tor for Enhanced Privacy while Browsing + +Today we’re releasing our latest desktop browser [Brave 0.23](https://brave.com/download/) which features Private Tabs with [Tor](https://www.torproject.org/), a technology for defending against network surveillance. This new functionality, currently in beta, integrates Tor into the browser and gives users a new browsing mode that helps protect their privacy not only on device but over the network. Private Tabs with Tor help protect Brave users from ISPs (Internet Service Providers), guest Wi-Fi providers, and visited sites that may be watching their Internet connection or even tracking and collecting IP addresses, a device’s Internet identifier. + +Private Tabs with Tor are easily accessible from the File menu by clicking New Private Tab with Tor. The integration of Tor into the Brave browser makes enhanced privacy protection conveniently accessible to any Brave user directly within the browser. At any point in time, a user can have one or more regular tabs, session tabs, private tabs, and Private Tabs with Tor open. + +The Brave browser already automatically blocks ads, trackers, cryptocurrency mining scripts, and other threats in order to protect users’ privacy and security, and Brave’s regular private tabs do not save a user’s browsing history or cookies. Private Tabs with Tor improve user privacy in several ways. It makes it more difficult for anyone in the path of the user’s Internet connection (ISPs, employers, or guest Wi-Fi providers such as coffee shops or hotels) to track which websites a user visits. Also, web destinations can no longer easily identify or track a user arriving via Brave’s Private Tabs with Tor by means of their IP address. Users can learn more about how the Tor network works by watching this [video](https://youtu.be/JWII85UlzKw). + +Private Tabs with Tor default to [DuckDuckGo](https://duckduckgo.com/) as the search engine, but users have the option to switch to one of Brave’s other nineteen search providers. DuckDuckGo does not ever collect or share users’ personal information, and welcomes anonymous users without impacting their search experience — unlike Google which challenges anonymous users to prove they are human and makes their search less seamless. + +In addition, Brave is contributing back to the Tor network by running Tor [relays](https://metrics.torproject.org/rs.html). We are proud to be adding bandwidth to the Tor network, and intend to add more bandwidth in the coming months. Our relays can be viewed at: [https://metrics.torproject.org/rs.html#search/family:FBC2856A48705F3ED17E504F8FC89EC6433ED25D](https://metrics.torproject.org/rs.html#search/family:FBC2856A48705F3ED17E504F8FC89EC6433ED25D) + +Since Brave’s implementation of Private Tabs with Tor is currently in beta, there are still some known issues and [leaks](https://github.com/search?utf8=%E2%9C%93&q=is%3Aopen+is%3Aissue+org%3Abrave+label%3Ator%2Fleakproofing&type=Issues) which we intend to fix in future versions. We welcome developer contributions to our Private Tabs with Tor feature via [GitHub](https://github.com/brave), and look forward to releasing updated versions in the coming weeks. We also plan to include support to choose exit node geolocation in the future. For users who currently require leakproof privacy, we recommend using the [Tor Browser](https://www.torproject.org/projects/torbrowser.html.en), which provides much stronger and well-tested protection against websites or eavesdroppers using advanced techniques to uncover a true IP address. + +We’re excited about providing our users with a new way to protect the privacy of their browsing habits, especially as more sites and advertisers are using tracking techniques and abusing user trust. Our user-first approach aims to standardize a privacy-by-default model that gives users ownership of their data and online experience, and Tor integration via Private Tabs vastly contributes to our platform. + +Note: In addition to Private Tabs with Tor, Brave 0.23 features an updated icon set, refinements to the primary toolbar styling and dimensions, adjustments for tab previews, and usability improvements in the title-mode feature of the URL bar. Brave 0.23 also includes improved compatibility with Google’s suite of productivity tools, which now work better with Brave’s default Shield settings. +**EDIT: Sold at $1.76** + +**Thesis:** PLS is overextended and will pull back given the right catalyst. I see several possible catalysts in the near future. + +**Background:** PLS is a Lithium mineral miner based in north west WA, currently trading at $1.72, up from a low of about 30c in Sept 2020. The latest move was up from about $1 in May 2021. The main reason for this price increase is optimism about lithium demand, and therefore the price of lithium bearing minerals such as the spodumene that PLS mines and sells. + +The last time I took a hard look at PLS was July 2020 when it was trading at 31c. My conclusion at the time was that the company was treading water waiting for the spodumene price to improve because at the time it was too close to their extraction cost, but they had the cash to wait it out and I rated them as undervalued if the spodumene price was to improve. + +I currently hold about 20k of PLS with an average buy of .85c, and I will sell on Monday. This post will present my arguments and hopefully prompt discussion. I welcome any dissenting opinions. + +**Evidence:** + +Overextension - + +Fundamental Valuation - +In its March quarterly, the company reported a unit operating cost of US$383/dmt delivered into China. Due to improvement in spod prices it expects to get on average US$535 for these cargoes. The company has a ‘target’ unit operating cost of US$320-350. In the same report the company quoted a forecast by UBS of a 30 fold increase in Lithium demand leading to a US$700 long term spod price delivered into China. + +The company has gone from a ‘holding pattern’ of 30,000tonnes/quarter shipped in Q420 to 43k, 70k and 71k shipped in each quarter this year, and expects to ship 75-90k tonnes in the June quarter. + +Let’s take an optimistic outlook and assume the company can get on average US$700/dmt while operating at US$320/dmt, for a profit of $US380/dmt. I’ll convert to AUD at this point to get to about AUD$500. I will also ignore ‘other’ kinds of costs and other product lines or the moment. While the company also produces tantalite, I must note that revenue from tantalite sales is already factored into the unit cost of producing spodumene by the company (credited against, see 2020 annual report pg51). I'll also note that capacity expansion would require capital investment. + +Our starting point would be 2022 with about 4x90k tonnes shipped or 360k tonnes. Multiply by $500 and we get $180M in profit (I think 2021 will post less than half this amount). Note that this is just a thought experiment and the company will probably not be getting $500/dmt profit in 2022, more like AU$300. Still sounds pretty good, right? + +Well, the Half Year report (Feb) puts the company at a net assets of $542M, and the company currently has a market cap of $4890M. So we can run a very rough discounted cash flow. If I start the DCF at 542M and 180M cashflow with 0% growth, the terminal value never reaches $4890M, a predictable outcome. 10% annual growth is enough, but at a 30y endpoint, not good enough for me. 15% still doesn’t get there in 10 or 15 years as I would like. No, my DCF needs 20% annual growth sustained for 15 years to get those starting values to about $5B. And, by the way in year 15 the company would be shipping more than 10 times the volume of spod per annum that they are now, assuming an average USD$700 average spod price as previously noted. + +This isn’t a particularly in-depth analysis, it is just a yardstick to get an idea of scale, and of the assumptions that would be required to reach the current market cap. It’s the same method that led me to rate the company as good value at .30c. + +Director Selling - + +Several Change of Director Interest Notices recently hit the company announcement page. These are probably EOFY related sales for ‘tax reasons’. Nevertheless, K. Brinsden sold 4 million shares on market out of his 9.5M (not including options). S. Layman, exercised 2M options at 0.87, then sold 2M shares on market. Go Sally!. N. Cernotta only sold 45k shares, but only had 276k to start with. These sales were in the 1.40 - 1.50 range. + +Earlier in June some directors acquired shares, but they came from share rights, not on-market buying. + +Catalysts - +June Quarter Report Thursday 29th +The company’s own forecasts appearing in the quarterly could prompt a harder look at valuation as per my analysis above. + +Annual Report - Previous annual reports have landed late August to early October. There will be a lot of formal analysis following the report. + +Tesla Earnings - Tesla reports earnings on Monday night Australian time. I have no idea if they will be good, bad, or neutral, but if they are bad there could be a backlash on the whole EV sector. + +Additional - + +Hype Cycles - Lithium is currently in a positive sentiment phase, that’s a good time to sell because sooner or later the sentiment will flip. + +General Bearishness - Stock markets as a whole are considered to have pushed valuations. Nobody really knows when this might come to an end, but I’m currently closing long positions across the board. + +**Counter Arguments:** + +PLS is already producing, unlike many of its theoretical competitors. If there is a price surge in spodumene in the next 5y, PLS is well placed to take advantage. + +PLS could expand production much faster than 20% p/a. I don't have the skills to make that assessment one way or the other. + +**Conclusion:** + +Could the price of PLS run higher? Maybe. + +Would it have any fundamental basis? Highly speculative. + +When PLS was trading at $0.31 it looked like an underappreciated value play. Now it looks like the valuation *depends* on an optimistic outcome, with little room for risk. + +If the price corrects to something much closer to $1.00 I will be interested again. +I was just browsing medical insurance companies, when I landed to care insurance. They have a plan for around Rs. 15000 and provide insurance for Rs. 1 CR. At the same time they have some other plan which offers insurance for around 20lakh for almost same premium. There are few other companies also which offer insurance for 1Cr. Am I missing something? + +Note: I am not talking about 26/32/56 critical illness insurance. +Mine: + +Large caps will gain by year end although with lesser gain than in 2019 + +Mid caps: Revival will start by EOY with minor +ve gains as economy starts showing recovery + +Small caps: Will still be in red + +Also, nifty index funds will continue outperforming majority of active large caps +I had a friend reach out to me tonight who was frustrated with her current dead end minimum wage job. She asked how I got into my field/degree (still working on it). I, instead of encouraging massive debt by going to a 4 year university, suggested community college instead. + + +I began at community college, and in my state since (at the time me being under 21) my parents income was less than a certain amount, I believe 80k, my education was paid fully by the state, no loan needed. Since she is older (we are 7 years past High School) and she has such low income (not married, etc.) community college would be completely paid by the state/government with no debt, only a little bit of her time. + + + +Directing you to a few good associate degrees to receive at a community college: + + +- para-legal + + +- dental hygienist + + +- engineering + + +- sonographer + + +- nursing + + +- mechanic/machinist + + +- chemistry + + +- electrician + + +There are also fantastic non-credit certificates that you can sign up for, these are not paid by the state but are still good investments. I paid $1100 to earn my pharmacy technician certification over 10 weeks. I started working at $12/hr and quit after 4 years making $16/hr. It was worth it for me in the long term as it increased my annual earnings from ~20k waitressing to ~30k as a pharm tech. I had to quit due to my intense school load now that I have graduated community college and am almost finished at my 4 year university. + + + + +Another PSA I'd like to mention is that you are NEVER too old. As a once fresh faced 18 year old as a community college it was nice seeing older people in my classes and never once had I ever heard another student talk down to or about an older student. If you are thinking you are too old, you are the only one standing in your own way! Keep your chin up, and be brave. Pride is never worth keeping yourself down for. + + + +I wish everyone the best! + + + +- broke college student with a little insight. + + +❤ +Making 76k now but low work load and job is a 10min bike ride away vs new job which offers 98k but is a 1 hour train ride away. Cost for commuting is about 400/month which includes monthly metrocard for subway and then a monthly rail pass. Is this worth it? +Fund of $95,000 and I will only need $30,000 of that tops. Right now the money is just going into my checking account. My initial thoughts were to hold back $30,000 in checking or savings then invest the rest in index funds to later put a hefty down payment on a house after 5-10 years. My big three questions are what type of account is best for the initial $30,000? How do I go about buying index funds cheaply? How much should I intend on putting into a downpayment vs a retirement plan? + + +Edit: None of this is student loans, read pls + +Edit 2: Thanks everyone for contributing to the conversation. This is more advice than I ever thought I would be getting and it is very helpful. Also the mods here are amazing. +It doesn’t seem like you can time the market so where is the money made? Just luck? I’ve been wondering about this because $tocks aren’t doing me that well rn. I didn’t make much of anything either because everything went down and I’m back to where I started, still holding +Most brokers require a 300% margin for short positions on $GME. So…this must mean the “critical margin line” or “line of hedgies nightmares” for the majority of shorts is currently $49.38 (or 3x $16.46); here, short positions at this entry price begin to be LIQUIDATED! OnAugust 8th, @9:42 am $GME peaked at $48.00. Update the Dorito of Doom! 😂 +I cannot reiterate this enough but the fact that Gamestop is now FCF positive is unbelievably bullish and many would argue that it's by far the most important metric in finance. + +What does being FCF positive allow Gamestop to do (and that **CEO Matt Furlong alluded to in the earnings call**)? - [Free Cash Flow (FCF) - Most Important Metric in Finance & Valuation (corporatefinanceinstitute.com)](https://corporatefinanceinstitute.com/resources/valuation/what-is-free-cash-flow-fcf/) + +* Enables management to decide on future ventures that would improve the shareholder value +* Use their FCF to expand business operations or pursue other investments + +Additionally, value investors (which many individuals investors and instiutional investors will have to become when going into a recession) love a company that is FCF positive or about to be FCF positive. Just take it from the horse's own mouth: + +* [The importance of investing in companies with surplus free cash flow - YouTube](https://www.youtube.com/watch?v=3VP0Uf1DxKA) +* [Companies on the verge of being free-cash flow positive are big opportunities, says EMJ's Jackson - YouTube](https://www.youtube.com/watch?v=ZWo4jYz6PWo&t=167s) +* [Bill Ackman: Free Cashflow is All You Should Care About - YouTube](https://www.youtube.com/watch?v=ZHQhXedaPl4) + +Bottom line? We're definitely headed into a recession and when that happens, there is a cycle in financial markets of investors going from growth stocks (eg. tech) to value stocks (eg. our beloved GME). On top of that? Video games are arguably one of the most recession-proof industries out there. + +We're about to go parabolic and I CANNOT WAIT for Q4 earnings!!! +We are the new 4th estate. +r/Superstonk has demonstrated it has the will and the means to thoroughly investigate any public data relevant to their interests. + +We know that the current system punishes whistleblowers and that the legislature is compromised. Force their hand by making the damning data public, and let the apes work until the truth hits primetime. + +EDIT for anyone seeing this: if you are employed at any of the following organizations and have access to information that demonstrates crime such as fraud reach out to a respected community member or DD author (not a mod, unless the community sets up a formal, transparent way for mods to collect such info). + +-Citadel Securities etc. (looking at you, literal army of interns) + +-A central bank as potential counterparty of GME swaps + +-Broker dealers FTD and FTP + +-State Street Global Advisors (ETF) + +-SPDR (ETF) + +-DTCC + +-FINRA + +-SEC + +-Federal Reserve + +-Economics Professors with integrity who are sick of the bullshit + +-Member of finance media who wants their soul back + +The people need you. +Basically the title. How do you stay up to date with ETF related news/events? ETFs are long term, but I guess there are still some things you need to at least be aware of if you're investing. +*Goal is to construct a simple portfolio of 4 ETFs with lowest cost and highest diversity for long term BUY & HOLD. Investment goal is $1,000,000 within* ***28 years*** *for retirement.* + +***EDIT/UPDATE:*** *I have received feedback that my 19.6% return annual on last 5 years returns was cherry picking, therefore I used the historical (1926-2018) stocks return rate of 11%.* + +*Using the link I provided below, Start with $500, invest $500 per money for* ***28 years*** *and with the* ***historical average return rate of 11% annually, (1926-2018)*** *end up with $1,015,627 with total contributions at $168,000* + +[https://www.calculator.net/investment-calculator.html?ctype=endamount&ctargetamountv=1000000&cstartingprinciplev=500&cyearsv=20&cinterestratev=19.6&ccontributeamountv=500&ciadditionat1=monthly&printit=0&x=61&y=19](https://www.calculator.net/investment-calculator.html?ctype=endamount&ctargetamountv=1000000&cstartingprinciplev=500&cyearsv=20&cinterestratev=19.6&ccontributeamountv=500&ciadditionat1=monthly&printit=0&x=61&y=19) + +***Simple 4 ETF portfolio using the investment platforms of Vanguard.*** + +**Vanguard 4 ETFs:** *70% VONG, 10% VTWO, 10% VEU and 10% VWO* + +* **70% VONG,** Russell 1000 Large Cap growth, **457 holdings**, expense ratio=0.08%, 22.1% returns average 5 years. +* **10% VTWO,** Russell 2000 small caps blend, **2,073 holdings**, expense ratio = 0.10%, 16.5% returns average 5 years. +* **10% VEU,** Vanguard all world stocks EX-US, **3,165 holdings**, expense ratio = 0.08%, 10.6% returns average 5 years. +* **10% VWO,** Vanguard Emerging Markets, **4,025 holdings,** expense ratio = 0.10%, 13.9% returns average 5 years. + +*You could go with a single Vanguard ETF,* ***VT, Total World Stock index,*** *1400 holdings, expense ratio = 0.08% and 13.8% average returns 5 years.* + +*The VONG, Russell 1000 Large cap growth ETF, boost returns with VONG 22.1% average over 5 years. The VTWO, Russell 2000 small cap ensures coverage of entire US stocks. There is zero overlap of stocks between VONG and VTWO.* + +**Vanguard ETF, VEU,** **All World ex-US EFT**, 3,165 holdings to cover the developed countries of the world, Europe, Canada, Australia, Japan, South Korea, etc. + +**Vanguard ETF, VWO, Emerging Markets ETF,** *4,025 h*oldings to cover the emerging markets of the world, China, Taiwan, India, Brazil, South Africa, etc. + +There is 26% overlap between VEU, develop countries and VWO, emerging countries,. Japan, UK & Europe growth & stock returns is lagging behind China, Hong Kong, Taiwan & Brazil. + + ***EDIT ( from feedback):*** *Vanguard recently moved VWO emerging markets index from MSCI emerging markets to FTSE emerging markets index in which the FTSE emerging index doesn't contain South Korea.* + +***Summary, 4 Vanguard ETFs***, 80% VONG, 10% each of VTWO, VEU and VWO. Over 2,500 US stocks without overlap and 5,320 World EX-US stocks for ***total of over 8,000 stocks with expense ratios of 0.08% or 0.10%.*** **Average 5 years return with mix of 4 ETFS is 19.6%.** + +***With 19.6% average return and same $1000 per month for 20 years the total return is $2,750,229.*** + +**Math of 5 year average return rate:** + +* *\[ ( 70% VONG +10% VTWO +10%VEU +10% VWO) \] /100%* +* *\[ (0.7)(.221) +(0.1)(.165) +(0.1)(.106)+ (0.1)(.139) \] /1.00 =* ***19.6% annual return rate*** + +***The iShares 4 ETF mix of IWF, IWM, IXUS and IEMG, mirrors the Vanguard ETF mix.*** + +* iShares *5 year returns, IWF= 22.0%, IWM= 16.5%, IXUS = 10.5%, IEMG = 14.2%* +* iShares expense ratios, *IWF= 0.19%, IWM= 0.19%, IXUS = 0.09%, IEMG = 0.11%* + +*Conclusion: there is not any real difference between Vanguard ETFs and iShares ETFs on returns and expense fees. Both Vanguard & iShares ETF funds are similar. You can come up with same ETF mix using Vanguard, iShares, Invesco, Fidelity, Schwab and other brokerages EFTs line-ups.* + +***Final summary: Buy mix of 4 Vanguard ETFs of VONG, VTWO, VEU and VWO and you only need to start with $500 and add $500 a month to reach 1 million dollars in 28 years***. The iShares ETF mix of IWF, IWM, IXUS & IEMG does the same. Invesco, Fidelity, Schwab and other brokerages can create same EFT line-ups. + +**Edit:** Still debate whether Large Cap growth fund, VONG, has better returns over long term of 15-30 years compared to Large blend S&P 500 Fund, VOO. + +The large cap blend fund typical has more defensive stocks sectors such as consumer staples, electric utilities and energy stocks which should do better during downside (recession) than large cap growth stocks. Looking at ETF chart of IWF back to inception date of 5/22/20. The large cap growth VONG just recently (last 5 years) out performed the S&P 500, VOO. + +&#x200B; +I have just entered the market since August last year and am aiming for long-term investment. My current portfolio consists of mainly big index ETFs e.g VOO, QQQ and VT (around 50\~60%); the rest of my portfolio are made up of active ETFs e.g. ARKK, ARKG, ICLN, BLCN, DRIV and some individual stocks e.g. AAPL, TSM (individual stocks being the smallest proportion around 10%). + +The question is that when I was buying into the recent sell-off to average down my stock prize, I realized that some of the stocks which originally consisted a small proportion of my portfolio grew larger and exceeded the percentage I initially established. I am still bullish for long term but have no idea how to deal with this kind of change in my portfolio. What should I do to keep my portfolio as planned while buying the dip? +It always struck me as odd that options got so much hate on this sub, considering that the original group of "degenerates" from double-u es bee were all about YOLO's using options. + +Ever since DRS picked up steam, I constantly see a clip of Thomas Peterffy getting posted that is supposedly referring to DRS - the exact quote: "If the longs knew they had they had the right to ask for their shares, and they really wanted a short squeeze, that's what they would have done." + +I've been pointing out occasionally that he was clearly not referring to DRS, he is talking about exercising call options. Don't believe me? Watch this interview of Petterfy around the same time and you will have the full context: https://youtu.be/Yq4jdShG_PU + +As I read all of the recent DD on variance swaps and predictable cycles from /u/Criand, /u/zinko83, /u/MauerAstronaut, /u/Leenixus, and /u/gherkinit, I am realizing that retail waking up to options are the shorts worst nightmare. It fucks up their hedges on volatility, and if ITM Calls get exercised instead of sold, it becomes a disaster for them very quickly. It's literally what was happening in January, but unfortunately a lot of the YOLO'ers just sold at profit rather than exercising like DFV did (because DFV is a frickin' genius). + +DRS is still the way. If you already have shares and they sit in a brokerage account, it's nuts not to DRS them and put them in your name. But options are a goddamn nitrous booster to locking the float; one of the fastest ways the rocket ship could be launched is to have a run on call options that go on to be exercised, and bonus points for DRS'ing those shares immediately after exercising. + +If you listen to Peterffy the big issue they were having isn't just being short shares, they were tremendously short options. When you exercise an option, even MM's have to deliver by T+6 or else it becomes FTD's - and if they don't find further ways to kick the can on FTD's the stock goes on the threshold list. Once a stock is on the threshold list, forced closeouts are in play, and broker-dealers stop being allowed to short without actually arranging borrows. So MM's want to do all they can to keep GME off the list, even if it costs them a ton due to having to roll-forward futures and swaps and allow run-ups. They can afford to keep playing that game, but not if there is a sudden surge in call options like there was back in January. + + + + +EDIT: I wanted to clarify the exact quote to look at in the Peterffy interview I linked: + +"...we had 50 million registered shares; at the same time, we had 70 million shares short and 150 million shares short via short call options. So if the call options had been exercised, the shorts would have had to deliver 270 million shares, while only 50 million shares existed." + +EDIT 2: I also think it's a good idea to link some options explanation posted by /u/Digitlnoize. Criand has linked this, and for apes who are unsure about options due to lack of knowledge hopefully it helps gain some wrinkles: + +https://www.reddit.com/r/Superstonk/comments/qunfd5/apes_guide_to_options_part_1/?utm_medium=android_app&utm_source=share +#MoonPump Token $PUMP + + +Guys, a few days ago I found out about this project called MoonPump. + + +A presale for it started on the 29th of May with a hardcap of 1000 BNB which was reached in 36 hours! That's crazy stuff! + + +I personally missed the presale, but I am planning to buy on launch, which is tomorrow. There are a few reasons for which I'm bullish on this project that aims to be an actual altcoin that only takes advantage of the current memecoin trend. + + +First off, the devs always delivered what they promised to deliver, such as a website, Certik audit, 10k telegram members before launch and there still is more to come! + + +Yesterday, to prove that they're serious they've launched lots and lots of giveaways, I'm talking about Twitter, Reddit, 4chan all of those things, basically welcoming the huge influx of new members and they're going to do the same thing today most likely, to keep the community engaged. + + +Also, not to forget, they're also making an IDO Platform called PumpLaunch where people have to do only one thing to receive an allocation. Just hold PUMP. That's it. You don't have to hold thousands of dollars of a token to even have a chance to receive an allocation. Just hold $PUMP and you will receive an allocation. It's as easy as that. + + +So what are you waiting for? Did you miss the memecoins went 1000x? I personally suggest you join the telegram and stay tuned for when the contract releases!Don't worry about dumping. The team already thought of it, the people who bought in the presale will receive 50% of their tokens 24 hours after launch and the rest 10 days after launch, if they don't sell anything of their presale allocation, which is pretty cool in my opinion. + + +Useful links: + + +Certik Audit: https://www.certik.org/projects/moonpump + + +17k Members Telegram: https://t.me/MoonPumpTKN + + +Telegram Announcements: https://t.me/moonpumptoken + + +Most Recent AMA With The Lead Developer Sean: +https://soundcloud.com/user-272968677/ama + + +Website: https://MoonPump.tech + + +Twitter: https://Twitter.com/MoonPumpToken + + +Discord - https://discord.gg/xGBJdGDdUk + + +BitcoinTalk Article: + https://bitcointalk.org/index.php?topic=5339872.new#new + + +Win 3BNB : https://moonpump.tech/giveaway/ +https://www.bbc.com/news/business-51831004 + +> The Bank of England has announced an emergency cut in interest rates to shore up the economy in the wake of the coronavirus outbreak. + +> Policymakers reduced rates from 0.75% to 0.25%, taking borrowing costs back down to the lowest level in history. + +> The Bank said it would also relax capital rules to free up billions of pounds of extra lending power to help banks support firms. + +>It comes as the chancellor is expected to announce further measures to support growth and jobs in the Budget later. +Spouse and I have $25,000 that we don't need access to until January 2020. We already have a strong emergency fund set aside, personal IRA's, and TSP (dual military couple). What is the best way to invest this amount in such a short term? + +Edit 1: It looks like we will be going with a CD, thank you, everyone, for the valuable input! +Hey everyone, + +I am trying to find potential penny stocks that may blow up because of social media and wrote this code which you guys can also use. + +I made a quick screener that looks at stocks trending on social media data from an external site via their api (all free and open source) and then uses the yahoo finance module to figure out which are small cap. + +I am pasting the code below. Couple of things. Firstly I also added a timeout so you can cut off the process quicker. Its written in a Nodejs environment not Python but if enough people want this in python lmk and ill make it. Also try not to use calls on my api, its free so there is really no excuse not to make one. + +I anyone has more ideas about how to screen out stocks and really find the ones that will go to the moon I appreciate it if you comment or msg me and then I could even add it to the code. + +You can also adjust the finance modules you want to screen with, the params via sentiment's api you want to filter with and so forth. + +Hope you enjoy + +`// first we get all the stocks which are trending by AHI and RHIconst rp = require("request-promise");const yf = require('yahoo-finance');` + +`let filteredPennyStocks =[];let completeSymbolList = [];let sentiment_token ='Be6167d3nK6DJ6NxXROZ';let sentiment_key = '935978334309286';` + +`//making requests to the endpoints to find the trending stocks (apis sourced from` [`sentimentinvestor.com`](https://sentimentinvestor.com)`)` + +`async function getAllHotStocks(param)` + +`{var options = {` + +`uri: \`\[`https://sentimentinvestor.com/api/v3/sort?limit=100&metric=${param}&token=${sentiment_token}&key=${sentiment_key}\\`\`](https://sentimentinvestor.com/api/v3/sort?limit=100&metric=${param}&token=${sentiment_token}&key=${sentiment_key}`)`\`,json: true // Automatically parses the JSON string in the response};\`\`` + +`return rp(options)` + +`.then(function (res) {` + +`res.forEach(el => {completeSymbolList.push(el.ticker)` + +`;` + +`});` + +`})}` + +`//using the yahoo finance module to get market cap of a stockasync function getStockDataYahoo(symbol){` + +`return yf.quote({symbol,modules: ['summaryDetail']},` + +`function (err, quotes) {return quotes;// ...});` + +`}` + +`//aggregating the hot stocks and placing a "limit" parameter to the market capasync function` + +`aggregateAllHotStocks(limit){await getAllHotStocks("AHI");await getAllHotStocks("RHI");` + +`for(var i=0; i<completeSymbolList.length; i++){` + +`await checkMarketCap(completeSymbolList[i],limit)` + +`.then(res=>{` + +`if(res<limit){` + +`filteredPennyStocks.push(completeSymbolList[i]);` + +`}}` + +`)}return filteredPennyStocks;` + +`}` + +`// verifying the market cap is below the market cap limit parameterasync` + +`function checkMarketCap(symbol,limit){` + +`return getStockDataYahoo(symbol).then(res=>{` + +`return res.summaryDetail.marketCap;` + +`}).catch(err=>{return false;})}` + +`//running the final` + +`functionaggregateAllHotStocks(1000000000).then(res=>{console.log(res)});` + +`// running the function with an additional 10 second timeout to retrieve data in case the function takes too long` + +`setTimeout(()=>{console.log(filteredPennyStocks)},10000)` + +ps here are the penny stocks that are showing the most potential after I ran it + +\[ + +'PT', 'MJNA', 'AABB', 'HITIF', + +'ATOM', 'MMEX', 'CBBT', 'SPCB', + +'HMNY', 'UBQU', 'EEENF', 'RWLK', + +'ALT', 'AP', 'CPRX', 'DECN', + +'GPHBF', 'BEST', 'GTLL', 'IQST', + +'EXPR', 'INVU', 'DL', 'TAWNF', + +'NEOS', 'ATOS', 'SING', 'EEENF', + +'ALPP', 'ENG', 'PUGE', 'SNGX', + +'ATWT', 'SNPW', 'TBLT', 'PLPL' + +\] +I didn't have quite clarity but i was sure real estate is not in a ideal condition right now, and market expecting a correction in high prices the builders are expecting thus decreasing profits in long term. + +However, I was wrong according to them and said real estate is the way forward. I couldn't understand why. + +Can anyone please tell me what would be the better investment and why? +I invest in differents funds from INDmoney app. It created multiple follios based on different dates of SIP in the same fund. How do I merge all these follios of the same scheme? I have tried calling Customer service they are asking me to visit the physical office. Is there any other online option? +My new job is offering std. it’s $4.18 a pay check for 20% or 12.48 for 60%. I am looking to start trying for kids within this next year. Tbh I had also thought maternity leave was paid for through the employer but I’m reading that it is actually std covers this? Anyone more familiar with this? + +Edit. Short term disability. Not planning to get any other stds from work. Especially since I work at a veterinarians office. +You want to earn money online? +At Datum you can just start to do what you usually do on other social media platforms. With the simple difference and you will be paid for that! Without the necessity to invest own money. You will earn DAT tokens as you use the Datum App. + +Use this link below to learn more about how Datum works: + +[https://blog.datum.org/datum-storage-node-staking-rewards-eb2096aa83cd](https://blog.datum.org/datum-storage-node-staking-rewards-eb2096aa83cd) + + +**Bounty0x Username:** ***hiboat*** +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. +Two simple concepts (supported by verifiable fact and evidence) that should remain in the front of our smooth minds over the coming days/weeks. + +TA;DR - 🌈🐻 short HF's are fuk. Papa Cohen (and those who know and believe in him, are 110% going to succeed! + +# 1 - 🌈🐻 SHF's are not covering their positions because doing so only accelerates their extinction event. + +Put yourself in Melvin's shoes for a second. You are so short GME that your liquidity limitations would only allow you to cover a small percentage of the position before you are flat broke. You have no doubt in your mind that, when the dust settles, your HF will be obliterated to dust. It is simply a matter of time. + +Now, would you (*as Melvin*) push the buy button and bring on the implosion of your HF or would you just enjoy the time you had left? If you think you would chose the former, I admire your masochistic nature greatly. But common sense suggests that Melvin would choose the latter. + +&#x200B; + +https://preview.redd.it/2rfh8d75j6s61.png?width=1280&format=png&auto=webp&s=c27bb7446d3ad51e2e5c3e899d3c805c6c48ac6d + +# 2 - Most important part of the RC as Chairman announcement was, "[f]ollowing the Annual Meeting, all directors will be compensated 100% in equity[.]" ([link](https://investor.gamestop.com/news-releases/news-release-details/gamestop-announces-slate-director-candidates-2021-annual-meeting)) + +In 2019, Gamestop required the board members to own **"at least"** an amount of stock in the company that is **3 to 5 times the amount of their respective base salaries** ([source](https://news.gamestop.com/node/17701/html)). If RC were measured on the same metric, **his base salary would be $288,032,000** given the share price at the moment ([source](https://fintel.io/i/rc-ventures-llc)). RC is placing a substantially larger bet on the success of Gamestop than any of the prior leadership. + +&#x200B; + +https://preview.redd.it/na24rdgws6s61.png?width=1044&format=png&auto=webp&s=819065c9a52a51bb417b461d956c18be22e021cf + +The 2020 Executive leadership team's compensation was [cut 30% in 2020](https://www.bizjournals.com/dallas/news/2020/04/22/gamestop-cutting-salaries-covid-19.html). George Sherman, the former CEO, had his pay cut 50% in 2020 (^(IMO, they were simply giving up on Gamestop)). In comparison, Sherman's salary in 2019 started at $1M and he received stock options valued at $10.5M (same source is previous link - [Id.](https://fortune.com/2021/01/29/gamestop-stock-ceo-george-sherman-gme-shares-net-worth-billion/)). *What's that? Did someone say, "overpaid like a MF-er?" I have to agree with you there*. + +**Gamestop's executive team siphoned out a total of $23,416,282 among the eight members in 2018** ([source](https://www1.salary.com/GAMESTOP-CORP-Executive-Salaries.html)). Gee, I wonder why they are being replaced faster than a toilet seat cover in a truck stop bathroom. + +&#x200B; + +[ https:\/\/news.gamestop.com\/node\/18661\/html ](https://preview.redd.it/czovamyaj6s61.png?width=1103&format=png&auto=webp&s=d8e3b21f6d20bfd7765d6a05f6573c5480cc1d43) + +Getting commitments from the likes of Jenna Owens, Matt Francis, and Elliott Wilke, to move to Grapevine Texas is not a small task. There is no scenario where these high-powered individuals agree to do so without a 💎✋'d grasp of RC's plan - and **FULL** faith in it! + +To mention nothing of the fact that **all directors** will be compensated solely by equity going forward! + +&#x200B; + +[ https:\/\/investor.gamestop.com\/news-releases\/news-release-details\/gamestop-announces-slate-director-candidates-2021-annual-meeting ](https://preview.redd.it/ufqri70lj6s61.png?width=520&format=png&auto=webp&s=8fdde1f7804f2f9446e455ecaa691d283317643a) + +Edit 1: Forgot to add picture of the share ownership requirement from the 2019 10k filing. + +**I love you crayon-eating autists and I am honored to be part of this community.** +So as usual the DOGE moon boys are ecstatic that Messiah Elon posted one of his pointless tweets... to announce that Telsa would effectively NOT be accepting DOGE as payment for any Tesla vehicles. + +Here's what Tesla *will* be accepting DOGE for: + +>Tesla Inc (TSLA.O) will accept meme-based cryptocurrency dogecoin as payment for its **merchandise** such as the "Giga Texas" belt buckle and mini models of electric vehicles, Chief Executive Officer Elon Musk said in a tweet on Friday. + +In other words, you can buy a few Tesla toys and a belt buckle like this one (835 DOGE): + +https://shop.tesla.com/product/giga-texas-belt-buckle?sku=1758879-00-A + +DOGE had a predictable and modest 20% gain following the non news 'news', which probably enabled Elon to lighten his bags yet again. + +https://www.reuters.com/technology/tesla-merchandise-buyable-using-dogecoin-musk-says-tweet-2022-01-14/ + +To see that this really is becoming a joke, the EXACT SAME news was reported on the EXACT SAME DAY last month (14th December): +https://www.reuters.com/markets/us/musk-says-tesla-will-accept-dogecoin-merchandise-2021-12-14/ +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! + +Recently graduated college and started my first (real) job with an amazing organization that offers incredible retirement benefits. I am in the stage of electing the percentage and type of retirement vehicle right now. + +Can you guys help me choose between a Roth or traditional 401(k)? (I didn’t even know you could Roth a 401(k) before being hired, but I triple checked and you sure can!) I plan to put in 5% of my bi-weekly pay. + +What do you guys think? + + +[This is the official $GME Megathread for r\/Superstonk.](https://preview.redd.it/gzy9yfftoov71.png?width=778&format=png&auto=webp&s=7ce125aa2d7455f994d74a4192f1a04b7d14448c) + +**Please keep ALL conversations contained to Gamestop and directly related topics.** + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Brand new to the sub? Start here! + +***You must read the*** [***Superstonk Rules***](https://www.reddit.com/r/Superstonk/wiki/index/rules) ***before commenting or posting on*** [***r/Superstonk***](https://www.reddit.com/r/Superstonk/)*.* + +https://preview.redd.it/u7nzd0m0pov71.png?width=1651&format=png&auto=webp&s=df5232178c4035ba1c069f9306b30453b42946cd + +The extremely talented and dedicated [u/zedinstead](https://www.reddit.com/u/zedinstead/) has created this beautiful collection of the most important, groundbreaking **D**ue **D**iligence in PDF format that can be easily accessed and shared. If you're looking to familiarize yourself with the GME bull thesis or the underhanded tactics of the short sellers involved in this trade-- then this is for you: + +# [GME.fyi](https://fliphtml5.com/bookcase/kosyg) + +[r/Superstonk](https://www.reddit.com/r/Superstonk/) employs strict posting requirements to ensure our community stays moderately free from trolls and other such bad actors. As such you may find you have trouble posting if you haven't fully read and understood our rules. + +**Posts keep getting removed?** [Find out why.](https://www.reddit.com/r/Superstonk/wiki/index/rules) + +**Not enough** [**karma**](https://www.reddithelp.com/hc/en-us/articles/204511829-What-is-karma-)**?** Here's a [quick guide](https://zapier.com/blog/how-to-get-karma-on-reddit/) on how to get it. + +**Want to learn more?** [Check out our extensive Wiki](https://www.reddit.com/r/Superstonk/wiki/index) and [FAQ](https://www.reddit.com/r/Superstonk/wiki/index/faq) + +**Eager for more even more GameStop info?** [gmedd.com](https://gmedd.com/) is a spectacular resource. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Flair Links + +[📚 Due Diligence](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%9A+Due+Diligence%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📚 Possible DD](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%9A+Possible+DD%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📈 Technical Analysis](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%88+Technical+Analysis%22&restrict_sr=on&include_over_18=on) | [🤔 Speculation / Opinion](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%A4%94+Speculation+%2F+Opinion%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [💻 Computershare](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%92%BB+Computershare%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [💡 Education](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%92%A1+Education%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📰 News](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%B0+News%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🤡 Meme](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%A4%A1+Meme%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [👽 Shitpost](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%91%BD+Shitpost%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📳 Social Media](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%B3Social+Media%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [☁ Hype fluff](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%E2%98%81+Hype%2F+Fluff%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [HODL 💎🙌](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22HODL+%F0%9F%92%8E%F0%9F%99%8C%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) + +You can also find the main flairs in the sidebar on New Reddit and under the "About" page on mobile. + +**Mod Flairs** + +[📣 Community Post](https://old.reddit.com/r/Superstonk/search/?q=flair%3A%22%F0%9F%93%A3+Community+Post%22&include_over_18=on&restrict_sr=on&t=all&sort=relevance) | [📆 Daily Discussion](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%86+Daily+Discussion%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🚨 Debunked](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%9A%A8+Debunked%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [📖 Partial Debunk](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%93%96+Partial+Debunk%22&restrict_sr=on&include_over_18=on) | [🔔 Inconclusive](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%94%94+Inconclusive%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [⌚ Pending Review](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%E2%8C%9A+Pending+Review%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🏆 AMA](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%8F%86+AMA%22&restrict_sr=on&include_over_18=on&sort=relevance&t=all) | [🥴 Misleading Title](https://old.reddit.com/r/Superstonk/search?q=flair%3A%22%F0%9F%A5%B4+Misleading+Title%22) + +To filter out CS/DRS posts, click the link or type [\-flair\_text:"💻 Computershare"](https://old.reddit.com/r/Superstonk/search?q=-flair_text%3A%22%F0%9F%92%BB+Computershare%22&restrict_sr=on&sort=relevance&t=all) into the search bar. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +***What's This Post All About?*** + +The first thing you'll notice is a stickied comment right at the top. We call this the "Front Desk". Every day a moderator will create a new sticky comment that includes links to community announcements, fantastic posts that deserve more attention, and generally the simplest and easiest way to interact with the moderators of this community. The rest of the post is designed for general discussion and content/questions that might not need their own post. + +If you are new please mention that when you comment. There are no stupid questions but "shills" (paid accounts with the intent to disrupt the sub) are real. This community sees a lot of trolls. If you do not distinguish yourself as someone with genuine questions it is likely that members of our community will assume you are just spreading "FUD" (Fear, Uncertainty, and Doubt). I hate that I have to give you this warning but it is just the nature of the beast at this point. + +Please have fun, play nice and be civil. Many of our rules are heavily enforced. Debate is welcome but if it devolves into personal insults please report the comment. *Ape no fight ape!* +I purchased a home two years ago using an FHA mortgage. It's going to cahsflow about $500 a month and I got it under market value and it's appreciating nicely. I want to rent it out and buy another property. Should I establish an LLC and transfer the deed to it or establish a trust or a trust that owns the LLC? My lender isn't going to force me into a new loan on transfer. Looking to establish the LLC in a tax advantages state like Wyoming if that's the route I go. Looking for thoughts and feedback. I want to do something that is repeatable for each property I buy and will make sense down the road. +Edit 2: what I was looking for https://www.euromoney.com/article/b1320xkhl0443w/naked-shorting-the-curious-incident-of-the-shares-that-didnt-exist + +special thx to u/steelandquill for getting me the right article in like 21 seconds after posting <3 + +Can anyone please find me the article about a guy who owned a company which had smth like 4million float. +He saw his company being naked shorted into the ground untill 1 share fell to smth like 0,0007cents and decided to buy every single share(entire float). +Then on the next day, while owning the entire float of a company he saw about 40million shares exchange hands. +? +Thx in advance apes 🚀🚀🚀 + +Edit 3: just a bit more TLDR: In 2004 it turns out it short squeezed by the quick look at it from less then a fraction of a penny to more then 1000$, go to trading view and zoom into that if you want a more detailed picture... + +Edit 1: I allways knew this community was THE best, but again i got amazed how proffesional and quick you all were with answers! +Anyone wondering about how extremely corrupt the system is should read the article in the first comment, i will link it here shortly! +PS: thx for annonymous who gave me "To the stars award!" +DFV i know you are gay for me (no homo), feeling is mutual +Always found u/Lorien6's check-in posts helpful for those in need. Haven't seen them in a while, so going to copypasta and continue the good deed: + +"Anyone need food or essentials? Please reach out to the community and speak up! No shame. Many here can help make sure that you and your loved ones are good. There is no reason anyone should be without. Ive seen so many comments of people in tough times, it just absolutely pains me to see this. I don't know how to even do this. I'm sure we can find a way in keeping this responsible and anonymous. Anonymous is the word, no one is asking for anyone to be doxed here. + +No one should be without. We're all family here. Even if this helps a few people then it's worth it. + +If you need help, if you're struggling, please ask. We are all a collective community, and there's no shame in seeking support if you need it. Also you don't need to be in the same area, hopefully you can find someone/people to help! If you just need to vent that's fine too. + +Just wanna go over a few ground rules for this post. Feeling frustrated and tired here IS okay, but spreading FUD is not. A little leway will be given but outright saying you sold (true or not) isn't the best to post. Also helping out is absolutely okay, and welcomed, but I think the line has to be drawn at things like official charity links and gofundmes. Also remember that while this is an online community, we are all individual investors. But also remember that needing help is okay and you're not alone. + +And for the critics, not everyone who's struggling is over leveraged. Alot can change in a year, and you just never know what people are truly going through. A little compassion never hurts 😄." + +Have a very GMErry holidays, everyone. See you in the new year! +I’ve seen complains about people that are wheeling stocks that are way down from their assigned prices. + +So here is a thought, assuming you can not longer sell meaningful premiums at your assigned strike then why don’t you just sell calls at the lower strike and if assigned just sell a put at the same strike? + +Wouldn’t that help you “recover” faster? How would the wash sale rules apply under that scenario? +I hear optimal DTE is 20-35 days. I’ve heard 30-45 days. + +What’s your preference and why? Does this decision change based on if you choose ITM vs OTM vs ATM? As I understand it theta decay will vary based on which strike you choose. + +Also does your DTE decision vary based on the volatility of the stock in question? + +Just wanted to see what the general thought process is when mixing/choosing DTE and strike price (ignoring if we want to get assigned or not if this is possible). I know there’s a lot of variable! + +Guess I’m trying to figure out a balance in weighing DTE, strike, Greeks, volatility etc +Title says it all. Basically, I want to start buying SPY indefinitely while using options as a way to generate premium in order to set up long puts as hedge. At a high level, I am hoping to buy a share and set up a low delta (16-20) / 45 DTE credit put spread every time SPY dips 1%. Then, when SPY hopefully rises after that, I'd purchase a cheaper long put as a means to hedge, converting my position into a ratio put backspread. I am curious, however, as to what you guys would do if SPY were to just keep on freefalling after hypothetically buying a share(s) and selling a credit put spread. Would you close for a loss? Would you immediately purchase a put? Wondering what the most optimal strategy would be here. Or even if you guys have another approach, I am interested in learning about that as well. Thanks +Hi All, as the title states I am 32 years old, live in MCOL USA, and have a NW fluctuating between $5.5 - $7M depending on the markets. 90% of my wealth is invested in the stock market earning \~160k in dividends per year. I obtained my wealth through a combination of inheritance, working at two tech companies that IPO'd, and investments in real estate, tech, and crypto that I purchased in 2017 (relax—crypto is only 10% of NW). + +Up until now, I've only worked individual contributor-level jobs in tech (individual contributor) on the business side that entailed a lot of client responsibility with fortune 50 companies. It's a very technical product and involves a lot of time on our side and the client's side. I have the opportunity to move from IC to a leadership role and manage a small team. With this move, my client portfolio would shrink in size but not be removed entirely. + +I'm struggling with whether or not I should go down the LC path given the added stress and workload given my financial situation. My job is currently very flexible in IC. I lose that going into management. Yes, pay will increase but nothing life-changing. With all this said, I've never been one to pass up a promotion or a challenge. I feel stuck this time around. + +Thoughts? Thanks +For the high net worth and high income people here, just wondering at what age do you start to earn very high income? And most importantly how did they come about? Is it something you planned thoroughly? + + +Am 32 and earning much less than what I thought I would by this stage. Was at a couple of hedge funds that end up blowing up. Base was abysmal though there was potential for good bonus that never came about because the funds blew up. I then jumped to corporate which removes the potential for windfall bonus. Base is nowhere near FIRE level, let alone fatFIRE. I live decently and not extravagantly and can save around 3k per month + + +I had very high expectation of myself and still am and am honestly very disappointed in the financial state that I'm in. I also don't see where significant increase will come from. I'm not based in the US so it's legal to ask for previous salary. I noticed most employers in this country simply take your previous salary and add 15 to 20% when you moved job + +I'm also currently single but am thinking to start a new family in the next few years which means that any raise will probably be offset by higher cost + + +Am looking for inspiration and advices from high income people here on how to maximise comp during these prime earning years. Thank you very much. +I remember very well how it all went. +December 2017, bitcoin prices skyrocketing, me being a minor and having no money to invest, my dad clueless as a bird. + +1 Bitcoin was about $15.000 back then, so i tell my dad all about Bitcoins and that the price is going up so rapidly and how it’s definitly a “safe” investment. +I get him all excited and sure enough, he makes an account, we buy some bitcoin and we wait patiently while watching the price keep going up.🚀 + +A week goes by, all seems good. +Another week goes by and the price just starts tankin’📉😭 +So here i am, telling my dad not to worry and explaining that we’ll just have to hold. (Or even buy more while it’s low.) But why would he believe me when 2 weeks after i tell him to invest everything just crashes. + +BUT, now February 2021, my dad is still a proud and happy bitcoin holder. +And i finally get to say “I told you so”. + +Moral of the story: HODL 🙌💎📈🚀🚀🚀 +[https://www.reuters.com/article/us-usa-economy-inflation/us-core-consumer-prices-rise-post-largest-annual-rise-in-a-year-idUSKCN1VX1IB](https://www.reuters.com/article/us-usa-economy-inflation/us-core-consumer-prices-rise-post-largest-annual-rise-in-a-year-idUSKCN1VX1IB) + +>The Labor Department said on Thursday its consumer price index excluding the volatile food and energy components gained 0.3% for a third straight month. The so-called core CPI was boosted by a surge in healthcare costs and increases in prices for airline tickets, recreation and used cars and trucks. +Splividend Distribution Megathread is [HERE](https://www.reddit.com/r/Superstonk/comments/w523nf/splividend_distribution_megathread/?utm_source=share&utm_medium=web2x&context=3) + +As per the title, can you please comment below if you have not yet Received Your Splividend Shares? + +Include: + +* Broker +* Country +* If you got them, but can't sell them yet + +Do not Include: + +* Number of Shares +* Any other Personally Identifiable Information + +This is just to get an idea of how much they are struggling to actually find shares to distribute, whether synthetic or not. Not to debate whether we are getting real shares or not. +Splividend Distribution Megathread is [HERE](https://www.reddit.com/r/Superstonk/comments/w523nf/splividend_distribution_megathread/?utm_source=share&utm_medium=web2x&context=3) + +As per the title, can you please comment below if you have not yet Received Your Splividend Shares? + +Include: + +* Broker +* Country +* If you got them, but can't sell them yet + +Do not Include: + +* Number of Shares +* Any other Personally Identifiable Information + +This is just to get an idea of how much they are struggling to actually find shares to distribute, whether synthetic or not. Not to debate whether we are getting real shares or not. +I’m trying to do some calculations but I don’t know how much repairs costs. For example, the only repair I had in the last year in my apartment that I rent was a $150 exterminator for the whole year (I rent the place for $4300) I’m wondering if I should calculate that it costs 15%, 20%, 25%, etc? +Let's see what you guys are doing that are cheap value adds when rehabbing to put yourself above the competition. + + +I'll start. + + +Heated floors in the master bathroom. Stupid easy to install and costs about $350 for an average bathroom. Most run on 120v and pull about 3 amps so they don't need a dedicated circuit. + +"Custom cabinets". There's a big misnomer on what's really custom in cabinets I think. The fact is most manufacturers have a large selection of box sizes, finishes, and layouts that you can pick from. With a little research and basic measuring skills you can create you own "custom" kitchen cabinet layout, buy from the manufacturer, and pay for the install labor separately. A lot of guys tack on huge up charges to measure and pick shit out of a catalog and call them custom. + + +Vendor and subcontractor terms. Once you get a sufficiently large project under your belt it's pretty easy to get at least some of your vendors and subs to give you net terms, especially when a bank is involved in lending. For my current project I had about $12,000 worth of lumber that I needed throughout the project. I put the lumber company on my sworn statement, gave it to the bank, the lumber company called the bank to confirm the amount, and just like that I have net 30 terms. Every time I order material I put their amount on the sworn statement and the bank cuts them a check to be picked up at escrow in exchange for a partial lien waiver. This may not sound like a value add but I don't have to carry nearly as much cash/credit on hand if the bank's paying subs and vendors directly. Less cash on hand means more cash to deploy elsewhere or larger projects to be done with the current cash reserves. + + +[This is the official $GME Megathread for r\/Superstonk.](https://preview.redd.it/gzy9yfftoov71.png?width=778&format=png&auto=webp&s=7ce125aa2d7455f994d74a4192f1a04b7d14448c) + +**Please keep ALL conversations contained to Gamestop and directly related topics.** + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Brand new to the sub? Start here! + +***You must read the*** [***Superstonk Rules***](https://www.reddit.com/r/Superstonk/wiki/index/rules) ***before commenting or posting on*** [***r/Superstonk***](https://www.reddit.com/r/Superstonk/)*.* + +https://preview.redd.it/u7nzd0m0pov71.png?width=1651&format=png&auto=webp&s=df5232178c4035ba1c069f9306b30453b42946cd + +The extremely talented and dedicated [u/zedinstead](https://www.reddit.com/u/zedinstead/) has created this beautiful collection of the most important, groundbreaking **D**ue **D**iligence in PDF format that can be easily accessed and shared. If your looking to familiarize yourself with the GME bull thesis or the underhanded tactics of the short sellers involved in this trade-- then this is for you: + +# [GME.fyi](https://fliphtml5.com/bookcase/kosyg) + +[r/Superstonk](https://www.reddit.com/r/Superstonk/) employs strict posting requirements to ensure our community stays moderately free from trolls and other such bad actors. As such you may find you have trouble posting if you haven't fully read and understood our rules. + +**Posts keep getting removed?** [Find out why.](https://www.reddit.com/r/Superstonk/wiki/index/rules) + +**Not enough** [**karma**](https://www.reddithelp.com/hc/en-us/articles/204511829-What-is-karma-)**?** Here's a [quick guide](https://zapier.com/blog/how-to-get-karma-on-reddit/) on how to get it. + +**Want to learn more?** [Check out our extensive Wiki](https://www.reddit.com/r/Superstonk/wiki/index) and [FAQ](https://www.reddit.com/r/Superstonk/wiki/index/faq) + +**Eager for more even more GameStop info?** [gmedd.com](https://gmedd.com/) is a spectacular resource. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Flair Links + +Check out our [**flair system**](https://www.reddit.com/r/Superstonk/comments/mrwirc/updated_about_and_menu_flair_directory/), which is easily accessible via the sidebar button widget on desktop or the About menu on mobile. + +[📚 Due Diligence](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%93%9A%20Due%20Diligence%22) | [📚 Possible DD](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%93%9A%20Possible%20DD%22) | [📈 Technical Analysis](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%93%88%20Technical%20Analysis%22) | [🤔 Speculation / Opinion](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%A4%94%20Speculation%20%2F%20Opinion%22) | [💻 Computershare](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%92%BB%20Computershare%22) | [💡 Education](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%92%A1%20Education%22) | [📰 News](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%93%B0%20News%22) | [🤡 Meme](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%A4%A1%20Meme%22) | [👽 Shitpost](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%91%BD%20Shitpost%22) |[📳Social Media](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%F0%9F%93%B3Social%20Media%22) | [☁ Hype fluff](https://www.reddit.com/r/Superstonk/?f=flair_name%3A%22%E2%98%81%20Hype%2F%20Fluff%22) + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +***What's This Post All About?*** + +The first thing you'll notice is a stickied comment right at the top. We call this the "Front Desk". Every day a moderator will create a new sticky comment that includes links to community announcements, fantastic posts that deserve more attention, and generally the simplest and easiest way to interact with the moderators of this community. The rest of the post is designed for general discussion and content/questions that might not need their own post. + +If you are new please mention that when you comment. There are no stupid questions but "shills" (paid accounts with the intent to disrupt the sub) are real. This community sees a lot of trolls. If you do not distinguish yourself as someone with genuine questions it is likely that members of our community will assume you are just spreading "FUD" (Fear, Uncertainty, and Doubt). I hate that I have to give you this warning but it is just the nature of the beast at this point. + +Please have fun, play nice and be civil. Many of our rules are heavily enforced. Debate is welcome but if it devolves into personal insults please report the comment. *Ape no fight ape!* +I asked this question in /FIRE a while ago and was hoping for a different perspective. + +36 years old and married; I’ve been saving before I even knew what FIRE is. We have approximately $950,000 in Fidelity between regular mutual funds. SEP IRA, and ROTH IRA. We also have a couple years living expenses in cash. We still owe approximately $80k on our house which has a market value just north of $200k. + +I’m a business owner who is depressed and miserable. My wife now works with me and she is equally as emotionally destroyed. Yes, I’ve saved, but I’ve lost my sanity and probably years off of my life in doing so. + +Our business has been closed since the mandated shutdown began and we’re collecting unemployment. You know what? We’ve never been happier! I can’t bear the thought of going back to my personal hell when this is over. + +I have two thoughts: + +1. Go back to hell and keep trying to earn as much as possible with the goal of retiring in my 40’s. + +2. I think we’ve saved enough that even if we don’t contribute anymore, we could still potentially retire in 15 years. I’m considering cutting my business, to less than half, and working a part time schedule that covers living expenses. My wife could get a part time job elsewhere and bring in an extra amount that we could still put to savings. We could still potentially retire early; albeit, not as early, but we could keep our sanity. + +Has anyone been in a similar situation and instead of trading peace of life for chasing more income they actually stepped back and were content to be OK as is? + + + +Of note: my business is service oriented and I cannot automate it, even by hiring others. +I just made an offer for a 1 bedroom condo in Vancouver and there was 20+ offers along with mine. It does not seem to be a cooled off market at all from my own experience. +Keen to get people's opinions on this, I'm looking to invest after the success of their previous crowdfunder post-series C funding and the announcement of 35 million in series D funding, plus they're a product I believe in and use myself. + +As a pre-ipo investing novice are there any clear and obvious pitfalls I'm missing? +I still need to do my research on Darktrace but this is lining up to be quite an interesting company with the only issue being it’s relation to Mike Lynch. + +What’s everyone’s thoughts on Darktrace’s upcoming IPO? + +(https://www.google.co.uk/amp/s/news.sky.com/story/amp/darktrace-prices-float-cautiously-as-it-tries-to-avoid-repetition-of-deliveroo-slump-12287052) +Hi all! + +This tax year has been my first 'real' year investing. I can honestly say I've found a new hobby, tested my brain during endless lockdowns and have earnt a good amount of money. (I worked out the other day that my **unrealised** profit since April '20, equates to earning another 55% on top of my salary!) So a big thank you to this community! + + +I am conscious that the end of the tax year is approaching and I would like some advice and to test my thoughts with you all if that's okay. + + +Current situation: + +* My realised profits are around £2000 outside of my ISA +* My unrealised profits outside of my ISA are above the CGT allowance +* In the new tax year I will invest \~£2000 a month in my new 2021/22 ISA so will hit the limit + + +My plan: + +* I'm concerned about rolling my unrealised profits outside of my ISA into the next tax year in fear that if I have to sell for whatever reason next year I could trigger CGT. Therefore at the beginning of March I plan to sell \~£20,000 worth of my investments (highest profits) that currently sit outside my ISA, put that money into a new tracker, once the 30 day buy back rule is over, I will then buy the shares back inside a new 2021/22 ISA in early April (Bed & Isa to reduce potential CGT bill). +* In the new year I will put the \~£2000 a month into a GIA with the idea of doing the above again at the end of the 2021/22 tax year. + +Would really appreciate your thoughts. + +Thanks! + +Nick +Apologies for the fairly basic question but have a small portion of my portfolio invested in SSE that I'm considering selling. + +Have recently been spooked by suggestions from people I know that they're not going to be able to afford their bills AND mortgage estimates for the end of the year so they'd prefer to have their credit rating impacted rather than issues with paying their mortgage. + +If this happens on any scale does anyone have any insight into how this would impact the UK energy sector and different parts of the supply chain. + +Would assume the brokers/suppliers who simply buy wholesale and don't produce the energy themselves would be in trouble? But I'm a complete novice in this industry and only bought SSE shares for their renewables infrastructure +I'm sure you've all seen a number of the posts regarding RH users posting screenshots of their cost basis being all out of whack and cobbled together through various fractional shares, though they never purchased fractional shares. Examples: [1](https://www.reddit.com/r/Superstonk/comments/ngs81d/just_got_my_cost_basis_information_from_robinhood/), [2](https://www.reddit.com/r/Superstonk/comments/ngkrg3/proof_that_rh_had_to_scramble_to_find_shares_when/), [3](https://www.reddit.com/r/Superstonk/comments/ncj1sm/if_you_transferred_out_of_robinhood_look_at_your/), [4](https://old.reddit.com/r/Superstonk/comments/ncezct/so_robinhood_finally_sent_over_my_cost_basis_from/), etc ad nauseam. + + +Well, as it turns out, this may have been an intentional ploy by RH/Citadel to circumvent the short interest reporting requirements from FINRA. If you read the [Regulatory Notice 12-38 regarding FINRA's Short-Interest Reporting Rule](https://www.finra.org/rules-guidance/notices/12-38), you'll come across this particularly relevant question in the FAQs. + + +>**Q7 How should a firm reflect fractional shares in its short-interest reports?** + +>A7. If a firm has a fractional short-interest position (e.g., 125.6 shares), it ***should truncate the position to reflect a whole number*** when reporting such positions to FINRA pursuant to FINRA Rule 4560, ***instead of rounding the position up or down***. For example, firms should report short-interest of 125.6 shares in XYZ as 125 shares. + +So, what does this mean? Well, it means that all shares are rounded down when it comes to short interest reporting. If you purchased a single share, and Citadel is forced to short that position, they could break it into multiple pieces across two or more transactions (e.g., 0.4 shares and 0.6 shares) and **COMPLETELY AVOID REPORTING THE SHARE AS SHORT!** + +This is about as egregious as it gets and is another way for the MMs and SHFs to hide short positions. This might also explain why they're running so many shares through dark pools. If they have a complicit party involved and are taking their short positions, covering and re-shorting via fractionals to SHF2 through the dark pool, they could run their short interest down to 0% based on this ridiculous truncation rule. + + + +EDIT: Thankfully it's not too late to change what's happening. The comment period is still open for **Regulatory Notice 21-19** ***[FINRA Requests Comment on Short Interest Position Reporting Enhancements and Other Changes Related to Short Sale Reporting](https://www.finra.org/rules-guidance/notices/21-19)***. I took a quick look through their proposed changes and do not see anything regarding a change to fractional share reporting. A simple comment requesting that they report all amounts, fractional and whole, and that they report all outstanding loan obligations should be sufficient. + +EDIT2: /u/ammoprofit has a fantastic call out in the comments, [here](https://www.reddit.com/r/Superstonk/comments/opna24/robinhood_cost_basis_fiasco_is_likely_an_attempt/h66mie1/). + +>Normally this wouldn't matter, because it would be less than 1 share * number of orders affected. For example, 126.99 gets truncated to 126 shares. 1000 orders * 0.99 = 99 shares [sic]. Yeah, it matters. It's a non-zero number, but it's truly negligible in a sea of volume. + +>Except [RobinHood's shares per transaction volume is exactly one](https://www.reddit.com/r/Superstonk/comments/mzwipl/robinhood_is_11_trading_against_every_ticker_they/). Those fractional shares reduce the short interest position from the sum of the orders' volume to zero. +Even if you don't get the job, there's nothing wrong with applying for it anyway. Companies have hired people who didn't meet what they were looking for in the past, there's nothing wrong with at least applying. +A nice weekend read. Enjoy the trip down memory lane. A lot of your parents might have been in these threads! + +Credit to u/SeekingTheta (who is no longer around) + + +——- + +Looking back at reddit posts in 2008 + +I was a teenager during the housing crisis but it didn't feel like too long ago. I found some salient posts that highlight the sentiment around this time. History will repeat itself one day but the million dollar question is when. I also just watched The Big Short and as a result became an experienced speculator. + +I hope there is something for both bulls and bears to look forward to by looking back in history! + + + +Dec 2007: +https://www.reddit.com/r/politics/comments/62hee/the_stock_market_is_crashing_americans_are_losing/ + +Dec 2007: +comment from above: +https://www.reddit.com/r/politics/comments/62hee/the_stock_market_is_crashing_americans_are_losing/c02mij6/ + +Nov 2007: +https://www.reddit.com/r/reddit.com/comments/61g2t/ceo_of_wells_fargo_housing_in_worst_shape_since/ +context: +https://seekingalpha.com/article/54754-mr-yun-listen-to-mr-stumpf-housing-in-worst-shape-since-great-depression + +Jan 2008: +https://www.reddit.com/r/reddit.com/comments/66af3/dear_reddit_take_a_deep_breath_and_use_your_head/ + +June 2008: +https://www.reddit.com/r/politics/comments/666wb/in_a_couple_of_hours_the_us_stock_market_is_going/c02ylh1/ + +https://www.reddit.com/r/politics/comments/666wb/in_a_couple_of_hours_the_us_stock_market_is_going/c02yn5q/ + +Oct 2008: + +When people started calling it the crash of 08: +https://www.reddit.com/r/reddit.com/comments/767t6/can_we_call_this_the_stock_market_crash_of_2008/ + +Dec 2007: +https://www.reddit.com/r/business/comments/63ji0/paul_krugman_has_housing_bubble_news_that_will/ + +Jan 2008: +https://www.reddit.com/r/business/comments/666ro/is_a_market_crash_like_1987s_in_the_offing/ + +Jan 2008: +https://www.reddit.com/r/reddit.com/comments/64vau/uk_property_market_heading_for_biggest_collapse/ + +Jan 2008: +https://www.reddit.com/r/reddit.com/comments/6699r/the_market_is_only_down_about_126_points_its/ + +July 2007: +https://www.reddit.com/r/reddit.com/comments/5xscb/realtors_now_concealing_days_on_the_market_from/ + +Nov 2007 +https://www.reddit.com/r/reddit.com/comments/5zs9r/us_housing_inventory_of_unsold_homes_climbs_to/ + +https://www.reddit.com/r/reddit.com/comments/5zmdw/housing_market_will_cost_the_economy_100_billion/ + + + +https://www.reddit.com/r/reddit.com/comments/5zkgj/fed_cuts_rate_to_help_ease_housing_slump_second/ + +https://www.reddit.com/r/reddit.com/comments/5xrmw/real_estate_market_conditions_orlando_fl_market/ + + +https://www.reddit.com/r/reddit.com/comments/62x9c/where_home_prices_will_be_once_the_market_bottoms/ + +https://www.reddit.com/r/reddit.com/comments/5zqax/cousin_of_merrill_lynch_founder_says_there_is/ + +https://www.reddit.com/r/reddit.com/comments/61klm/home_price_drop_largest_on_record_lehman_brothers/ + +https://www.reddit.com/r/politics/comments/66yuk/soros_the_worst_market_crisis_in_60_years/ + +https://www.reddit.com/r/politics/comments/5zosp/us_house_vacancies_way_up_as_bubble_continues_to/ + +https://www.reddit.com/r/business/comments/67age/why_the_housing_bubble_wont_burst/ + + + +**New additions**: +Oct 2008 - the phase when everyone thinks they're a genius: +https://www.reddit.com/r/reddit.com/comments/752t9/its_fucking_gambling_everyone_keeps_acting_like/ + +https://www.reddit.com/r/business/comments/71xpz/russian_market_crashing_why_is_that_not_getting/ + +https://www.reddit.com/r/Economics/comments/769lz/wow_nikkei_down_10_in_first_40_minutes_of_trading/ + +**Lesson learned: never time the market**: +https://www.reddit.com/r/Economics/comments/76dmf/prediction_today_is_last_day_of_decline_if/ + +https://www.reddit.com/r/business/comments/77vid/hey_reddit_im_looking_to_start_mingling_in_the/c05wx1x/ + +https://www.reddit.com/r/Economics/comments/79jb1/world_shipping_market_has_crashed_globilzation_is/ + + +for lols: + +https://www.reddit.com/r/technology/comments/7bcp2/firefox_reaches_20_market_share_for_the_first/ + + +**2009 bear market bottom and swift recovery** + +Jan 2009 - Permabear Peter Schiff's thoughts (March 2009 was near bear market bottom): +https://www.reddit.com/r/Economics/comments/7ry21/peter_schiff_became_a_star_by_predicting_last/ + + +https://www.reddit.com/r/business/comments/8ba2p/wells_fargo_shocks_market_with_record_profit/ + +patient zero of /r/wallstreetbets that started off like /r/personalfinance: +https://www.reddit.com/r/AskReddit/comments/7s7m5/dear_reddit_i_want_to_buy_some_stocks_my_budget/ + +Feb 2009: birth of /r/investing: +https://www.reddit.com/r/investing/comments/7vemu/hey_investing_reddit_whats_your_best_investment/ + +https://www.reddit.com/r/AskReddit/comments/9v99w/advice_for_a_first_time_investor/ + + + +Feb 2009 - Warren Buffet: +https://www.reddit.com/r/worldnews/comments/7vz3y/warren_buffet_says_to_invest_in_stocks_when_when/ + +Feb 2009 - panic still ensues: +https://www.reddit.com/r/Economics/comments/7wcpk/it_begins_us_stocks_plunge_the_week_of_020909/ + + +Feb 2009 - Bernanke: +https://www.reddit.com/r/reddit.com/comments/7zyyw/stocks_climb_president_barack_obamas_continued/ + + +April 2009: +https://www.reddit.com/r/Economics/comments/8e9ie/the_size_of_the_credit_default_swaps_market_is_64/ + +April 2009: student debt: +https://www.reddit.com/r/business/comments/8dkxb/in_grim_job_market_student_loans_are_a_costly/ + + + +**Swift recovery** + +May 2009: +https://www.reddit.com/r/business/comments/8ndrd/stocks_jump_after_consumer_confidence_level/ + +May 2009: Permabear Peter Schiff +https://www.reddit.com/r/business/comments/8mkd6/peter_schiff_on_cnbc_sell_us_stocks_bonds_dollar/ + + +June 2009: birth of /r/pennystocks: +https://www.reddit.com/r/AskReddit/comments/8twgh/whats_a_good_site_to_use_to_trade_penny_stocks/ + +August 2009: Peter Schiff again (however the video is from 2006): +https://www.reddit.com/r/Economics/comments/99wfe/peter_schiff_rising_stocks_not_a_sign_of_recovery/ + + +https://www.reddit.com/r/business/comments/a5abr/stocks_overvalued_recession_will_return/ + + +**Origin story or /r/wsb:** + +http://www.reddit.com/r/IAmA/comments/9mdl4/i_have_done_nearly_every_illegal_drug_in/ + +http://www.reddit.com/r/IAmA/comments/9qziu/i_gambled_away_100k_last_year_day_trading_ama/ + +https://www.reddit.com/r/stocks/comments/7cji8/why_does_apple_not_aquire_amd_market_cap_185/ + +https://www.reddit.com/r/wallstreetbets/comments/s4jw1/earnings_season_is_here_place_your_bets/ + +https://www.reddit.com/r/wallstreetbets/comments/7vebwn/reclusive_millionaire_says_get_out_of_stocks_now/ + +https://www.reddit.com/r/wallstreetbets/comments/82yrcp/jp_morgan_copresident_warns_of_deep_correction/dvdqz89/?context=0 + +https://www.reddit.com/r/wallstreetbets/comments/830f93/buy_puts_short_indexes_for_tomorrows_job_report/ +This should reduce the influx of new users while the mods figure out the best way to deal with the growth. And I believe it's too soon for another paper trading competition. Thanks. + +UPDATE: We're working on implementing some changes and will let you all know what they are once we work them out. In the meantime, we're also adding some people to the mod team. Please be nice to them, they're not paid nearly enough: + +* u/joeyrb +* u/haupt91 +* u/j33tAy +* u/rod_bolts +* u/DoctorOekter +* u/J_Powell_Ate_My_Ass +* ~~u/pokimane~~ +* u/theycallmeryan + +UPDATE 2: Yeah so the pokimane thing caught most of us by surprise and was not expected (by me, at least). Kudos for timing on her part. But I agree that today is not the day to have a cameo mod appearance of this caliber. So she will now be removed. To u/pokimane : nothing personal, just unfortunare timing on your part. Also if you could please take your tweet down, that would be great. Thanks. +With all of the talk floating around on pretty much any investing related subreddit of the bubble that we are likely in, it is always mentioned that this bubble will inevitably burst and it is always said that is coming soon. I am somewhat new to investing and I don't understand what happens when it bursts. What drives the prices down so dramatically in almost the entire stock market? I understand that it is probably not as simple as one thing every time, but in history, what has been the causes and what could likely be the cause for our future bubble burst? +As title says - I have income Insurance which covers illness/disability. I'm a nurse, so can't see myself not having work due to being laid off, etc (I'm good at my job). + +Do you still think I should have an emergency fund? + +I'm in Australia, if that makes any difference. + +Thanks! +Currently holding 65% XGRO 20%TEC (like the higher exposure to technology) and 15% ZEB for Canadian banks (mer of .25 and pays monthly) does this seem like a fairly good mix for someone who has about 10 more years to go to work? +Thanks in advance +Check out all the new girls that are selling nfts, with us on: [https://cumrocketcrypto.com/partnerships](https://cumrocketcrypto.com/partnerships) + +Low mcap, no big whales, trending on twitter, female doxxed developer, doxxed cto and platform developer... + +A coin with a proper business: making nsfw nfts - using nfts as tickets for liveshows - tipping with cummies and auctionhouse for special nfts - girls first nude / anal / gangbang whatever... + +This is not just a meme, we are already selling nfts in colaboration with tons of incredibly popular performers (who are all active in the chat) + +Cum join us and go to the moon in the cumrocket, + +💦 Website: [https://cumrocketcrypto.com/](https://cumrocketcrypto.com/) + +💦 Partnerships: [https://cumrocketcrypto.com/partnerships](https://cumrocketcrypto.com/partnerships) + +💦 Telegram: [https://t.me/cumrocket](https://t.me/cumrocket) + +💦 Discord: [https://discord.com/invite/Tett4kJsKN](https://discord.com/invite/Tett4kJsKN) + +💦 TikTok: [https://vm.tiktok.com/ZMePKXKLW/](https://vm.tiktok.com/ZMePKXKLW/) + +💦 Twitter: [https://twitter.com/cumrocketcrypto](https://twitter.com/cumrocketcrypto) + +&#x200B; + +⚰️ Burned dev tokens: [https://bscscan.com/tx/0x218a6bf38ab8443e9e6c2d59c45432ceccffeba1ae9e36eb6296b7203496b4e9](https://bscscan.com/tx/0x218a6bf38ab8443e9e6c2d59c45432ceccffeba1ae9e36eb6296b7203496b4e9) + +🔒 LOCKED Liquidity: [https://dxsale.app/app/pages/dxlockview?id=531&add=0&type=lpdefi&chain=BSC](https://dxsale.app/app/pages/dxlockview?id=531&add=0&type=lpdefi&chain=BSC) + +🥞 PancakeSwap (slippage 6%): [https://exchange.pancakeswap.finance/#/swap?outputCurrency=0x27ae27110350b98d564b9a3eed31baebc82d878d](https://exchange.pancakeswap.finance/#/swap?outputCurrency=0x27ae27110350b98d564b9a3eed31baebc82d878d) + +📜 BscScan: [https://bscscan.com/token/0x27ae27110350b98d564b9a3eed31baebc82d878d](https://bscscan.com/token/0x27ae27110350b98d564b9a3eed31baebc82d878d) + +📈 Chart: [https://poocoin.app/tokens/0x27Ae27110350B98d564b9A3eeD31bAeBc82d878d](https://poocoin.app/tokens/0x27Ae27110350B98d564b9A3eeD31bAeBc82d878d) + +&#x200B; + +Telegram ([https://t.me/cumrocket](https://t.me/cumrocket)) CumRocket Crypto 💦 CumRocket $CUMMIES 💦 + +([https://t.me/cumrocket](https://t.me/cumrocket))CumRocket ($CUMMIES) + +[https://cumrocketcrypto.com/](https://cumrocketcrypto.com/) +I was trading Mid cap stocks Since Feb 2020 and have switched from stocks to options during late July Which I think was a game changer for me .Also focusing more on L2 as helped me a lot to scalp large caps + +Building up my account during the Initial months were hard as I had to buy pretty far otm options .Lets see what december has in store hoping to cross 30K by year end. + +BTW , How is your trading going ? + +You can follow my trading journey on my IG page : Options\_\_Scalper + +https://preview.redd.it/wyz56va8h8461.jpg?width=1319&format=pjpg&auto=webp&s=2c4b11895c2dca6e64c26e37f4cabe8d4f6187db + +&#x200B; + +https://preview.redd.it/dgw9f13ph8461.jpg?width=1216&format=pjpg&auto=webp&s=b66cb0c0bb6f7432aaca198b9f4d3ef4f65dd2fe + +&#x200B; + +&#x200B; + +https://preview.redd.it/m7btvjbrh8461.jpg?width=1125&format=pjpg&auto=webp&s=af345421bffc21cc9c58acadda5f6392bba2390a + +&#x200B; + +&#x200B; + +https://preview.redd.it/g5rc929vh8461.png?width=905&format=png&auto=webp&s=bf6ca02d182954238ccad1b4a02a5d65d63111bf +Having saw a post of r/Australia of what is your favourite sign of a Cash-Up Bogan, I am curious as to what ppl on this subreddit observe & perceive as signs of Stealth Wealth & Old Money in Australia? +I'm due to run out of my plan for gas and electricity provider in the next few weeks. +My provider sent me a link to auto-renewal the plan. The exact same plan name and everything but when comparing with a current bill I noticed that the daily supply charge and peak Kw charge is 30% higher. It's even 15% higher than their new plan rate advertised on their website. What the shit? + +&#x200B; + +So I called them up and quoted them my current price, as well as their new plan price and then asked (politely) to explain why my renew price would be higher. The first person mumbled something about increased global costs but said they couldn't adjust on their price. I asked to transfer to my provider's complaint line which put me through to their 'retention team'. The retention team member agreed to 'just this once' renew my electricity/gas at my current rates - thank you. + +&#x200B; + +This annoys me so much. I wouldn't have picked this up if I wasn't working from home and had time to look into this. Took me an hour but probably saved me $500 for the year. + +&#x200B; + +I recommend people be cautious when renewing; + +\- Have your old bills ready in front of you + +\- Know your current supply and daily charges - specifically ask them to quote the renew ones + +\- Don't be fooled by marketing, they rely on people being lazy. My provider keeps quoting things like '25% discount on your plan' but they are reluctant to give you the actual supply charges. 25% off what? + +\- Don't blindly renew. Ask for a better deal +So I had about 3700 in cc debt. I paid for an entire semester of classes and some other stuff. I just threw 1500, which was basically my most recent paycheck, at it (minus 50 bucks). I'm not going to spend money on anything except for gas for my scooter (~$3 a tank) and maybe cheap produce if I need food. I've been eating out almost daily for the last 2 months so I need to reign that in as well. + +If something comes up I have an emergency fund that can pay rent for a few months. I pay rent on the 15th so on my last paycheck I set that amount aside already. + +My work feeds me, I have groceries for a while, and I have soylent that could take me into the beginning of next year so I dont have real food expenses right now. + +Only other bills are internet ($50) and power ($50). And cat food/litter ($35+$15) but I have lots of that. + +I have a gym membership on the card I need to cancel but I've been dreading it, even though I haven't gone in months cos they're nice people, I moved and it's much further now and it's just not practical for me to make it there because they're class based and my schedule doesnt work with it. + +This is the first time I've ever had so much on a cc, and I've had a laid back attitude about it because "eh I can always pay it back" but for the last couple months it's been bouncing back and forth. I'd throw in a lump sum payment and feel good then I'd spend a bunch because I'm well under my limit (it's the amazon prime signature visa). + +My credit report went down almost 20 points from high utilization. + +I want to start the new year off right so I'm starting now. + +The crazy thing to me is that this is more than my student loan debt from trade school, which I've just been very lazy about because the payments and interest are so low. My student loans are $2200. I'm so far ahead on payments that I dont even have a minimum payment right now and the last time I paid was july. + +I'm going to really try to kill this debt before the end of the year. Wish me luck! tips and tricks appreciated. Have any of you ever done "no spend " weeks or months? +Following on the previous tracking post ([http://redd.it/i2mmzg](http://redd.it/i2mmzg)) and the highly upvoted request from /u/DJ-Ascii , I've set up this post for another round of underrated or undervalued stock picks. + +As before, let us know what stock you believe is underrated and a consistent winner that has done well for you, or you believe will do well going forward. + +In order to make this easier to track please use the following guidelines for submitting. + +1. Only one submission per comment. You can make multiple comments, but please only submit one stock per comment. +2. Please include at least the ticker and the company name. Feel free to explain why you think this is a good stock. + +I'll add these new picks alongside the old survey so as to update you on each portfolio over time. Don't worry about any overlaps. + +Edit 1: I've compiled everyone who has posted so far, but I'll look out for any final additions tomorrow. The list will then be locked EOD on Friday the 7th of August, and all prices will start from there. + +Edit 2: All picks have now been locked down and consolidated into the list below. Stocks are sorted in alphabetical order of their company name and the ID corresponds to the approximate order in which they were submitted. The next update will be in 30 days. + +|**ID**|**Company**|**Symbol**|**Provided by**|**Upvotes**|**8/7/2020**| +--:|:--|:--|:--|--:|--:| +|194|10X Genomics Inc|TXG|Unlucky-Prize|1|$96.13| +|111|1ST TR EXCHANGE/NASDAQ CEA CYBERSEC|CIBR|komoggmu321|1|$35.40| +|176|2U Inc|TWOU|DickDaddy|1|$41.49| +|110|AAR Corp.|AIR|paulo92834|4|$18.77| +|180|ACM Research Inc|ACMR|moveitover|1|$101.92| +|23|Activision Blizzard, Inc.|ATVI|Mondanivalo|12|$82.47| +|8|Advanced Micro Devices, Inc.|AMD|ArneGo, apqwer, LoveOfProfit|13|$84.85| +|28|Ageagle Aerial Systems Inc|UAVS|fishkillr|16|$3.26| +|205|Agraflora Organics International Inc|AGRA|spreeshark|1|$0.05| +|22|Air Canada|TSE:AC|priamXus|0|$15.73| +|19|Alexion Pharmaceuticals, Inc.|ALXN|fisk47|39|$103.28| +|70|Alibaba Group Holding Ltd - ADR|BABA|helio987, ScreeMart, Necessary_Club_6714|-1|$252.10| +|17|Ally Financial Inc|ALLY|jcurtis44|1|$21.47| +|24|Alteryx Inc|AYX|Kme2|30|$121.38| +|222|Altimmune Inc|ALT|Spes-Caritas|1|$27.38| +|117|Altria Group Inc|MO|ARGENT_UM_PUR, gm14202|1|$42.17| +|143|American Tower Corp|AMT|editviewgo|1|$257.61| +|175|American Water Works Company Inc|AWK|InfamousLegato|1|$149.79| +|183|Anglo Asian Mining|LON:AAZ|krenaldi1|1|$161.50| +|129|Aphria Inc|APHA|Aprhria, Bdghablig|1|$4.47| +|119|Apple Inc.|AAPL|tcldstnvdw|-1|$444.45| +|184|Ares Capital Corporation|ARCC|ThemChecks|1|$14.87| +|54|ASML Holding NV|ASML|EthosPathosLegos, earthmoonsun|15|$366.07| +|113|Atlassian Corporation PLC|TEAM|shadowrckts|1|$170.93| +|224|Avalara Inc|AVLR|nomdeplume_alias|1|$122.71| +|244|Axon Enterprise Inc|AAXN|ansofteng|1|$83.88| +|150|Aytu Bioscience Inc|AYTU|Bkzkilla2, beefy-ambulance, subaruveganguy22|2|$1.38| +|236|Banco Bbva Argentina SA|BBAR|GAV17|1|$4.23| +|128|Bank of America Corp|BAC|oobydoobydoobydoo, wrs97|2|$26.11| +|247|BELLUS Health Inc|BLU|NhatNguyen2112|1|$2.74| +|29|Berkshire Hathaway Inc. Class B|BRK.B|Jeroen_Jrn, Cuza|31|$209.48| +|45|Best Buy Co Inc|BBY|1madeamistake|2|$102.90| +|35|Beyond Meat Inc|BYND|Kreisensalat, _Flipside_|8|$131.51| +|33|BlackBerry Ltd|BB|mh1t, EthosPathosLegos|25|$4.84| +|208|Blackline Inc|BL|veebeew|2|$79.26| +|196|Booz Allen Hamilton Holding Corporation|BAH|i_smel_hookers|1|$84.67| +|75|Boston Beer Company Inc|SAM|Top_Island|2|$825.79| +|114|Brainstorm Cell Therapeutics Inc|BCLI|BigSexyTolo|2|$12.79| +|92|Brookfield Asset Management Inc|BAM|duongroi, Avaronah|2|$32.32| +|187|Brookfield Property Partners LP Unit|BPY|Onarco|1|$11.75| +|140|Brookfield Renewable Partners LP|BEP|YourPineapplePunch|1|$45.25| +|227|Cameco Corp|CCJ|jh4962772, Commandobolt, 3STmotivation|13|$10.37| +|109|Canadian Solar Inc.|CSIQ|MrMineHeads, vvv561|6|$25.32| +|204|Cardlytics Inc|CDLX|whossayn, YarManYak|2|$66.28| +|146|CBS Corporation Common Stock|VIAC|1987supertramp|1|$26.21| +|74|CD PROJEKT S A/ADR|OTGLY|Thtb|8|$28.50| +|229|CDW common stock|CDW|plorfu|1|$114.77| +|95|CEL-SCI Corporation|CVM|Golden_Pineapple|1|$12.19| +|242|Chegg Inc|CHGG|Boots2243|1|$86.98| +|36|Cloudflare Inc|NET|thereisnospoongeek, olliemacg, Boots2243|220|$40.06| +|80|COLLIER CREEK H/SH CL A|CCH|RIC_FLAIR-WOOO|5|$13.84| +|246|Coty Inc|COTY|NhatNguyen2112|1|$4.00| +|209|Cresco Labs Inc|CRLBF|UncleSlippyFist|1|$6.28| +|3|Crispr Therapeutics AG|CRSP|emtvaikkajoku|98|$89.81| +|142|Crown Castle International Corp|CCI|jkgator|1|$168.19| +|*16*|*CureVac*|*Pending IPO*|*Tangerinho*|*8*|*#N/A*| +|223|CVS Health Corp|CVS|handsomeandsmart_|2|$64.96| +|65|Cyberark Software Ltd|CYBR|Kevenam|2|$110.59| +|239|CytoDyn Inc|CYDY|dufmum|1|$4.79| +|165|Daqo New Energy Corp|DQ|stonk_daddy|1|$122.55| +|241|DexCom, Inc.|DXCM|InformalAid|1|$440.70| +|6|Dicerna Pharmaceuticals Inc|DRNA|earthmoonsun|7|$21.03| +|73|Digital Turbine Inc|APPS|toop4|6|$22.59| +|130|Docusign Inc|DOCU|h3ku, Teach-101|0|$204.76| +|185|Draftkings Inc|DKNG|boomshalock|1|$34.09| +|39|Drive Shack Inc|DS|Bobjenkins97|2|$1.65| +|4|Editas Medicine Inc|EDIT|earthmoonsun|7|$34.71| +|145|Edwards Lifesciences Corp|EW|TheTubbyOlive|1|$76.94| +|139|EHang Holdings Ltd - ADR|EH|TheEUR0PEAN|1|$9.21| +|230|Electrameccanica Vehicles Corp|SOLO|IHaveUsernameBlock|1|$3.07| +|118|Elevate Credit Inc|ELVT|ScoreFuture|1|$2.58| +|218|Else Nutrition Holdings Inc|BABYF|PringlesAreUs|1|$1.36| +|85|Empire State Realty Trust Inc|ESRT|silverpaw1786|4|$6.66| +|21|Enphase Energy Inc|ENPH|deGoblin|31|$72.84| +|197|Equinix Inc|EQIX|gce1010|3|$791.70| +|86|Essent Group Ltd|ESNT|veggie-man|1|$35.82| +|235|Etsy Inc|ETSY|PeskyShart|1|$135.06| +|84|Fastly Inc|FSLY|AwesomeMathUse|3|$79.33| +|93|Federal National Mortgage Association|FNMA|figbuilding, onkel_axel|2|$2.12| +|168|Fire &amp; Flower Holdings Corp|TSE:FAF|tobcar|1|$1.01| +|207|First Mining Gold Corp|FFMGF|RecCenterBall|0|$0.41| +|219|FLIR Systems, Inc.|FLIR|_zerokarma_|1|$37.48| +|52|Fluor Corporation (NEW)|FLR|lost_searching|2|$11.38| +|90|FORUM MERGER II/SH CL A|FMCI|Mug_of_coffee|3|$14.53| +|81|Franco Nevada Corp|FNV|AwesomeMathUse|1|$153.57| +|155|FuelCell Energy Inc|FCEL|i-kno-nothing, dewaser|2|$2.68| +|98|Games Workshop Group PLC|OTCMKTS:GMWKF|MAUSECOP, Thenattylimit|2|$120.95| +|115|GameStop Corp.|GME|EmployerOfTheMonth|2|$4.16| +|200|Gan Ltd|GAN|emcdeezy22|2|$20.29| +|159|General Motors Company|GM|Buttershine_Beta|-1|$26.72| +|251|Genius Brands International Inc|GNUS|due11|1|$1.59| +|156|GFL Environmental Inc|GFL|lenadunhamsbutthole|1|$21.56| +|99|Gilead Sciences, Inc.|GILD|Leroy--Brown|1|$69.35| +|138|GLB X FUNDS/HEALTH &amp; WELLNESS T|BFIT|Venhuizer|2|$20.69| +|126|GLB X FUNDS/VIDEO GAMES &amp; ESPORTS E|HERO|sgtyzi|1|$26.00| +|186|Golden Minerals Co|AUMN|YEEEEEAAAAA|1|$0.44| +|151|Gran Colombia Gold Corp|TSE:GCM|Linnake|0|$7.46| +|67|Grayscale Bitcoin Trust (Btc)|GBTC|asherlevi|2|$13.06| +|234|Great Panther Mining Ltd|GPL|Tony0x01|1|$0.93| +|152|H&amp;R Real Estate Investment Trust|HR.UN|CaptainCanuck93|0|$10.34| +|122|Helen of Troy Limited|HELE|aa341|1|$201.26| +|55|Hikma Pharmaceuticals Plc|HKMPF|Marvins-Room|1|$31.08| +|20|Horizon Therapeutics PLC|HZNP|thesearchforanswer|3|$76.06| +|103|Huntington Ingalls Industries Inc|HII|howtoreadspaghetti|1|$167.90| +|9|IAC/Interactivecorp|IAC|dvdmovie1|36|$133.05| +|61|Ibio Inc|IBIO|PrairieDogger69|1|$3.80| +|101|Immunovia AB (publ)|IMMNOV|jennyther|3|$161.60| +|108|Ingles Markets, Incorporated|IMKTA|kimjungoon|1|$42.97| +|77|Inmode Ltd|INMD|meta-cognizant, craneman813|4|$31.77| +|123|Innovative Industrial Properties Inc|IIPR|Dalis_Ktm|1|$114.63| +|201|Inseego Corp|INSG|esoccer141414|1|$12.08| +|214|Inspire Medical Systems Inc|INSP|JPINFV2|1|$104.92| +|134|Intel Corporation|INTC|ionlypwn, TitanCrasher54, niknikniknikniknik1|5|$48.03| +|5|Intellia Therapeutics Inc|NTLA|earthmoonsun|7|$19.83| +|164|Intuitive Surgical, Inc.|ISRG|swalloforswallo|2|$685.85| +|252|INVESCO EXCHANG/SOLAR ETF|TAN|z74al|2|$51.20| +|71|InVitae Corp|NVTA|emtvaikkajoku, CrackHeadRodeo|6|$28.43| +|228|ISHARES TR/GLB CLEAN ENERGY ET|ICLN|drheman25Q|1|$15.88| +|112|John B. Sanfilippo &amp; Son, Inc.|JBSS|chris011186|2|$89.24| +|171|JPMorgan Chase &amp; Co.|JPM|wrs97|1|$99.38| +|58|Jumia Technologies AG - ADR|JMIA|Jerund, souptrades, 7YearOldCodPlayer, CharlieBrown364, fortnitehead|7|$19.26| +|144|Kaleyra Inc|KLR|souptrades|1|$5.87| +|158|KEFI Minerals plc|LON:KEFI|Scipio-Africannabis-|1|$1.88| +|216|Kirkland Lake Gold Ltd|KL|New_username_|1|$52.58| +|238|Kroger Co|KR|bxkrish|1|$35.24| +|2|Lemonade Inc|LMND|br1ghtness, skkreet, hahadumblloyd|4|$66.84| +|15|Limelight Networks, Inc.|LLNW|cyberdex, thug_funnie|3|$6.10| +|63|Livongo Health Inc|LVGO|staniel_diverson, Raybay192, Drifter 1996, moveitover|22|$120.88| +|182|Logitech International SA|LOGI|CharlieBrown364|1|$73.03| +|217|LONZA GRP AG/ADR|LZAGY|Fuck512|1|$62.92| +|66|Lydall, Inc.|LDL|Henisockle|1|$20.89| +|191|Macerich Co|MAC|skvettlappen|1|$7.85| +|97|Magnachip Semiconductor Corp|MX|samtony234|1|$12.08| +|233|Mamamancini's Holdings Inc|MMMB|Jayesslee|1|$1.70| +|88|Match Group Inc|MTCH|BallinLikeImKobe24|1|$115.88| +|79|Maverix Metals Inc|MMX|AwesomeMathUse|1|$4.61| +|107|Maxar Technologies Inc|MAXR|Borne2Run|1|$24.74| +|221|Mediwound Ltd|MDWD|blueblade408|1|$3.91| +|34|Mercadolibre Inc|MELI|pontoumporcento|14|$1,193.97| +|161|Micron Technology, Inc.|MU|Wexoch|3|$48.75| +|253|Microsoft Corporation|MSFT|TBSchemer|34|$212.48| +|179|Millicom International Cellular SA(SWE)|STO:TIGO-SDB|joseph460|1|$245.50| +|116|Mills Music Trust Unit|OTCMKTS:MMTRS|ARGENT_UM_PUR|1|$39.00| +|10|Molson Coors Beverage Co Class B|TAP|howtoreadspaghetti|1|$37.27| +|170|Morgan Stanley|MS|wrs97|1|$50.35| +|127|Naspers Limited|NPSNY|Demandredz|1|$34.60| +|11|Nathan's Famous, Inc.|NATH|howtoreadspaghetti|1|$51.25| +|181|NCR Corporation|NCR|IAMBEOWULFF, fistymonkey1337|4|$20.11| +|211|NESTLE S A/S ADR|NSRGY|suburban_robot|1|$118.47| +|124|New Relic Inc|NEWR|Dalis_Ktm|1|$53.62| +|249|New York Mortgage Trust Inc|NYMT|ToKeepAndToHoldForev|1|$2.77| +|162|New York Times Co|NYT|jonhuang|1|$45.61| +|69|Nio Inc - ADR|NIO|makesalotofmoney, Carrera_GT, Charlie Brown364|3|$13.42| +|59|Nokia Oyj|NOK|perfectriot, LiabilityFree|52|$4.98| +|37|Novacyt SA|ALNOV|Snoopmatt|1|$3.60| +|254|Nuance Communications Inc.|NUAN|IwantmyMTZ|1|$29.48| +|13|NVIDIA Corporation|NVDA|TBSchemer, friedtea15|66|$447.98| +|198|NVR, Inc.|NVR|Linnake|1|$3,875.01| +|154|Okta Inc|OKTA|Bcr731|3|$208.23| +|160|Opko Health Inc.|OPK|CS1026|1|$5.63| +|100|ORSTED A/S/ADR|DNNGY|BrentfordFC21|2|$47.37| +|190|Otonomy Inc|OTIC|Unlucky-Prize|1|$3.56| +|46|Oxford BioMedica plc|OXB|arabidopsis|12|$850.00| +|121|Pacific Ethanol Inc|PEIX|adamtejot|1|$2.69| +|220|Pagerduty Inc|PD|throthrowth|2|$29.85| +|25|Pan African Resources plc|PAF|Fruity_Pineapple|2|$26.30| +|245|Paradox Interactive AB (publ)|OTCMKTS:PRXXF|I_worship_odin|1|$24.30| +|174|Patriot One Technologies Inc|PTOTF|DanReynolds|1|$0.73| +|148|Peabody Energy Corporation|BTU|aviatoraway1|0|$2.52| +|237|Peloton Interactive Inc|PTON|loosetingles|1|$68.30| +|188|Penn National Gaming, Inc|PENN|Calpool|1|$49.00| +|87|Pershing Square Tontine Holdings, Ltd|NYSE:PSTH-UN|5_yr_lurker|7|$21.08| +|31|Pharmacyte Biotech Inc|PMCB|DillieTheSquid|0|$0.01| +|47|Pinterest Inc|PINS|EthanPhan|10|$34.98| +|149|Planet 13 Holdings Inc|PLNHF|MMatter1|3|$2.67| +|43|Plug Power Inc|PLUG|lukwas_|4|$11.28| +|147|Polaris Infrastructure Inc|RAMPF|CaptainCanuck93|1|$11.50| +|120|Prologis Inc|PLD|ImPinkSnail|5|$105.07| +|250|PROSHARES TR/ULTRA MSCI JAPAN|EZJ|Necessary_Club_6714|1|$32.13| +|132|PROSHARES TR/ULTRAPRO QQQ|TQQQ|iggy555, Guiterrezjm6|5|$126.99| +|48|Proto Labs Inc|PRLB|JEesSs|3|$130.13| +|166|Purple Innovation Inc|PRPL|jloy88, CharlieBrown364, RemiMartin|6|$23.95| +|44|Raytheon Technologies Corp|RTX|anon2019L|21|$61.23| +|210|Razer Inc|RAZFF|ThatOneRedditBro|1|$0.22| +|32|Realty Income Corp|O|bushysmalls|5|$62.72| +|199|Redfin Corp|RDFN|shreddit47|8|$43.69| +|206|RENAULT S A/ADR|RNLSY|jw8700|1|$5.33| +|178|Retractable Technologies, Inc.|RVP|EmreCanPuns|1|$10.18| +|94|Rigel Pharmaceuticals, Inc.|RIGL|Gay_Demons|1|$2.58| +|203|Rite Aid Corporation|RAD|ManagerMilkshake|1|$15.05| +|12|Rocky Mountain Chocolate Factory, Inc.|RMCF|howtoreadspaghetti|1|$3.20| +|163|Schrodinger Inc|SDGR|TipasaNuptials, asianmarysue, RattleGoreBitcoin|1|$71.17| +|72|Sea Ltd|SE|scatterblodded, tradeintel828384839, thug_funnie, Meymo|16|$129.00| +|215|ServiceNow Inc|NOW|cookingboy|1|$431.21| +|189|Shiloh Industries, Inc.|SHLO|brainbroked|1|$1.40| +|82|Shopify Inc|SHOP|AwesomeMathUse|-1|$1,053.12| +|213|Sibanye Stillwater Ltd|SBSW|marqui4me|1|$11.39| +|231|Simulations Plus, Inc.|SLP|hellohi3|1|$65.83| +|173|SiTime Corp|SITM|drbh_|1|$58.92| +|248|Six Flags Entertainment Corp|SIX|EthosPathosLegos|1|$18.38| +|202|Slack Technologies Inc|WORK|AntwanDixon_|2|$28.95| +|51|SmileDirectClub Inc|SDC|meeni131|3|$9.05| +|49|Solaredge Technologies Inc|SEDG|m4r1vs|14|$211.47| +|27|Sony Corp|SNE|drorhac|13|$80.03| +|177|Sorrento Therapeutics Inc|SRNE|DowJonesLocker|1|$14.42| +|225|SPARTAN ENERGY /SH|SPAQ|bigsexy12|1|$12.36| +|40|Spirit Airlines Incorporated|SAVE|Matous_Palecek|0|$17.28| +|153|Spotify Technology SA|SPOT|_Hard4Jesus|0|$252.12| +|7|Square Inc|SQ|cuti95, ConstructivePlayer, Lfastrsx, jercky, CharlieBrown364|21|$147.22| +|1|StoneCo Ltd|STNE|GromGrommeta|73|$49.06| +|104|SunPower Corporation|SPWR|Hadouukken|1|$11.86| +|60|Sunrun Inc|RUN|FactualNeutronStar|2|$46.00| +|195|Switch Inc|SWCH|gce1010|1|$18.03| +|83|Taal Distributed Information Techs Inc|TAAL|AwesomeMathUse|1|$1.85| +|76|Taiwan Semiconductor Mfg. Co. Ltd.|TSM|Paks_12345, sogladatwork, BlissfulThinkr|13|$80.03| +|102|Tandem Diabetes Care Inc|TNDM|liao24|1|$104.15| +|169|Target Corporation|TGT|Kosher-Bacon|1|$131.75| +|26|Tesla Inc|TSLA|Skurinator, goldcakes, redmars1234, Drortmeyer2017|3|$1,452.71| +|137|TJX Companies Inc|TJX|princess-smartypants|3|$55.45| +|18|Toronto-Dominion Bank|TD|robbierox123|0|$45.77| +|141|TPI Composites Inc|TPIC|polwas|1|$28.81| +|53|Trade Desk Inc|TTD|all_hail_hypno, Kay312010|6|$493.20| +|106|TransMedics Group Inc|TMDX|DropoutEngy|1|$18.05| +|131|TransUnion|TRU|AndyCircus|0|$87.38| +|78|Travelcenters of America Inc|TA|jk_tilt|1|$17.27| +|226|Trevena Inc|TRVN|pacosteles|1|$2.38| +|243|Trulieve Cannabis Corp|TCNNF|grphelps1, Cucumber_Cooling|2|$18.83| +|38|Tupperware Brands Corporation|TUP|Scumbaggedfriends|1|$14.98| +|68|Turtle Beach Corp|HEAR|chancsc11|1|$18.37| +|62|Twilio Inc|TWLO|MarconianRex|8|$249.00| +|41|Uber Technologies Inc|Uber|DukeBD2021|-1|$32.90| +|96|Unibail-Rodamco-Westfield SE|URW|eams66|2|$42.44| +|125|Universal Display Corporation|OLED|niknikniknikniknik1|1|$186.51| +|64|Valero Energy Corporation|VLO|chickenandcheesefart|1|$52.66| +|133|Vanguard Total Stock Market Index Fund Admiral Shares|VTSAX|WackyBeachJustice|1|$82.67| +|135|Veeva Systems Inc|VEEV|JohnSpartans|3|$261.22| +|193|Ventas, Inc.|VTR|Unlucky-Prize|1|$41.52| +|57|VirnetX Holding Corporation|VHC|vyts18|2|$5.26| +|172|VMware, Inc.|VMW|kingbrow2020|1|$142.31| +|50|VolitionRX Ltd|VNRX|RiDDDiK1337|1|$3.35| +|91|Waitr Holdings Inc|WTRH|exstaticj|1|$5.15| +|14|Walker &amp; Dunlop, Inc.|WD|TBSchemer|0|$57.70| +|167|Walmart Inc|WMT|anthonyjh21|6|$129.97| +|30|Walt Disney Co|DIS|jadenmc2189, biz_student|6|$129.93| +|192|WELL Health Technologies Corp|TSE:WELL|Unlucky-Prize, IcemanVish|2|$4.49| +|105|Wells Fargo &amp; Co|WFC|yehdhbdjdjd|1|$25.07| +|240|Westinghouse Air Brake Technologies Corp|WAB|warman506|1|$67.23| +|42|Wizz Air Holdings PLC|WIZZ|Matous_Palecek|2|$3,412.00| +|157|Workhorse Group Inc|WKHS|VisionsDB|5|$16.52| +|89|Xebec Adsorption Inc.|XBC|Mug_of_coffee|3|$4.95| +|232|Xpel Inc|XPEL|Bkazzle|1|$20.06| +|212|Yeti Holdings Inc|YETI|boomwhackers|1|$50.40| +|136|Zagg Inc|ZAGG|ni_shi_shei|2|$3.98| +|56|Zoetis Inc|ZTS|BearBearChooey|19|$158.88| +For the purposes of this discussion, let's assume the American progressive movement continues to gain traction and dominates the American political landscape for the next couple of decades. + +What are the likely risks to wealthier families? What are the likely benefits? + +I am mostly looking to the redditors on this sub for insight, but I'll get the ball rolling with my very rudimentary understanding of progressive policy. + +Potential Risks: + +* lower market returns over the long run, given higher taxation, higher minimum wages, anti-corporate policies + +* higher income taxes and potentially wealth taxes (unlikely but possible). More impactful for those that have not yet reached FIRE as it will slow their progress, but also impactful for those that have already FIREd + +* devaluation of certain asset classes due to regulation (e.g., real estate depreciation as certain property-related tax cuts are removed and pro-tenant rent controls are more widely established) + + +Potential benefits: + +* subsidized health care, which is one of the biggest and most unpredictable expenses for non-working people (without access to employer sponsored health plans) + +* lower cost of private education + +* Universal Basic Income + +* General increase in social safety net, leading to various (small-dollar) benefits + + +I'd like to keep this discussion completely focused on economic impacts on FIRE, and not discuss any other political aspects of American liberal or conservative policy. Thanks! +&#x200B; + +[Octobrrrr has begun](https://preview.redd.it/1yq5ew12jyq71.jpg?width=720&format=pjpg&auto=webp&s=56790ff04f83c2525b041d8a871e2c637e3838e0) + +# MOASS-a-Meter: No precise target, just up! + +Congratulations to today's winner - u/lukewarmtofu(verified with screenshot) + +Thank you to all the contestants and to all the apes who have been spreading the word by tagging me and commenting everywhere asking to share account numbers. + +Since we have not definitively proved that CS account numbers increase one by one (they could skip numbers in between) don’t assume that MOASS will happen on a specific account number. As the legend himself said “No precise target, just up!” + +&#x200B; + +\*\*\*\*\*\*\*\*\*\*\*\* + +**# of Shares/Account to Own the Float (67.5M): 188!!** (assumes sequential account numbering) + +\# of Accounts: 358K!!! (high score minus 40K) + +New Accounts (since last update): 15K + +Number of Accounts =/= Number of Apes (many apes have multiple accounts) + +&#x200B; + +**Disclaimer:** This post is not financial advice (nor any advice at all). I’m also not asking you do to anything other than to do your own due diligence and decide for yourself. + +&#x200B; + +**What’s the MOASS-a-Meter and where can I find my account number?** [Read all about it here](https://www.reddit.com/r/Superstonk/comments/pxn6kq/cs_moassameter_new_high_score_needed_928/). Then join the party and share your CS account number once you have it in this format (12X,XXX), along with the date of purchase/transfer. + +That’s all for now. + +Until next time, GMErica! +My wife and I just bought our first investment property a few months back and had to delay getting it on the market while we made some updates to it, got it cleaned up and in rentable shape. This all took longer than expected, so we got the ads up in late September. I mistakenly thought we'd get quality applicants throwing themselves at us left and right, but I saw the few apartments around us get taken off the market while we were only getting a slow trickle of risky candidates. I dropped our prices $50 per unit out of panic a couple weeks later and that did nothing to get more interest. The next week I added another advertising channel, got a ton of interest from people that didn't meet our criteria. I contemplated lowering our standards but feared getting sub-optimal tenants in our first listing. I held firm, didn't make any changes and am happy to say that today we've got one tenant moving in and another moving in mid-November. + +Don't let your mind race for contingencies to problems that don't exist. Had I kept spiraling and cutting costs or lowering standards, who knows how bad my renting situation would have gotten. I know I don't want to find out. Use your brain for what it is good for. Do your research, make a plan when the pressure is off, base it in facts and reality, then stick to it. +I lost a family member recently who never had any children. Because of this, I'm inheriting a family trust that I understand generates income every year, with an average of six figures a year. + +I'm currently in between jobs and was considering a career change before this all happened. I haven't told my boyfriend I live with yet that this is coming (he just knows there's a will that's still going through probate, and that my family member may have left me something), and I wasn't really planning to tell him about all of the details of the trust unless/until we got married. In the meantime, I've been dragging my feet on getting a new job until all the legal protocols are settled and I know for certain what is coming. I think my bf may be starting to get frustrated that I haven't found a new job yet while he works, even though I have plenty of savings and have never had issues splitting bills/activities evenly with him, but I'm starting to feel under pressure to take the first opportunity that comes, even if it isn't my dream job - just to work. + +The main point of this is - if you were to receive passive income for the foreseeable future, I'm curious what you would do with the money, and how you would spend your time and/or what job would you want to do? + +Apologies in advance if this should be posted somewhere else. +Hi personal finance , + +I bought around ~5k of bitcoin on coinbase in various intervals in 2017. After buying the bitcoin I would immediately send the coin to online sports books and casinos. Sometimes I would win and send it back to my coinbase account (and on the rare occasion send it back to my bank account), but I definitely lost a majority of the bitcoin to those sites + + +Now that it’s tax time I’m concerned on how and what I should file. I’m trying to make sure I report information that I need to. + +I’ve taken a step back from gambling and am now 90-days gambling free. I hope to continue abstaining from it in the future. +Sometimes I wonder what is the point of scrimping and saving in order to FI/RE with the rising costs of health care in the US. One medical emergency can set you back $10-20k. One bad diagnosis (cancer, etc.) can you set back $100k-$300k in treatments, if not $1MM. Insurance is supposed to prevent this, but sometimes they don't pay. Insurance premiums for a family will cost $10k-20k / year unless you have a good employer sponsored plan. + +It's a fear of mine that I would have spent several decades of my working career to FI/RE, only to have my savings and investments wiped out for medical treatments. + + + + + +The other day my job required me to tell someone that it was in fact legal for his landlord to kick him out with 20 days notice, even though it's basically impossible to find a place in that amount of time here. Guy has a family. It broke my heart because I'm soon to be in a similar situation, and even though I rub elbows with landlords every day, every single one I've talked to says they have upwards of 100 applications every time they list a unit. + +I make good money. My fiance makes good money. We have good credit. We're college educated and stable. We have no kids. We usually make it into the top five and then get beat out by someone who makes more than us. How the hell do people worse off than we are find housing if we can't even find housing? We only need another two or three years to save up a downpayment which puts us at a HUGE advantage compared to most millenials. What do people even do?? +About ten years ago when I really got interested in money and investments, I was asking friends and looking at message boards for investment advice. Everyone told me to put most of my money in ETFs that had a higher than normal dividend yield. These ETFs were recommended and I was told they would give me a higher total return than a standard total stock market fund, like VTI, SPTM, or ITOT. + +So I invested over the last ten years much of the money I have in my Vanguard Brokerage Accounts in these high dividend ETFs and now after finding the Portfolio Visualizer website have determined I have lost nearly $100K in stock market gains by buying these high dividend ETFs-listed below- instead of a simple total stock market fund. (On average over the last ten years the high dividend ETFs returned 10-25% less than a total stock market fund.) + +**The ETF's below are the most popular high yield ETFs and each and everyone has a lower total return with dividends reinvested than a total stock market fund (like VTI and SPTM)** + +**Here is the high yield ETF's I should not have purchased:** + +NOBL + +HDV + +VIG + +SDY + +DVY + +SPYD + +VYM + +PEY + +SCHD + **Augmented Gaming Reality Powered by Unity Engine** + +* 👽 DOXXED FOUNDERS +* 👾 20 YEARS EXPERIENCE IN SPORTS/GAMING +* 🛑 ANTI BOT PROTOCOL +* 📄Whitepaper ✅ +* 🔜 LIVE AMA + + + +Sportemon Go was founded in 2021 by Ricky and Corey Jackson. With illustrious backgrounds in sports marketing and sporting software, the pair envisaged the creation of a platform to stand as a world premier in NFT augmented reality sports trading. + +With a purpose to revolutionize both the gaming and NFT collectible industries, Sportemon Go will enable its users to hunt and collect NFTs of their favourite sporting heroes in both the real world and in real time. Creating the perfect synergy between our current world and the metaverse, participants will be able to interact at stadiums and sporting events like never before. + +Sportemon Go is funded solely through its own cryptocurrency, a BEP20 token leveraging a smart contract on the Binance Block Chain network. This native cryptocurrency will power the entire economy within the platform allowing users to purchase NFT collectibles, form their ultimate team, participate in mini games, earn rewards and much more. + + + +**Tokenomics:** + +* Total supply: 1,000,000,000,000 +* Burned supply; 15,000,000,000 (15%) +* Tax 12% (5% liquidity, 4% reflection, 1,5% development, 1,5% marketing) +* 15% Locked future development wallet +* 5% Locked dev wallet + +**Teams previous partnerships:** + +* COCA COLA +* UEFA +* OLYMPICS +* UNIBET +* ESPN +* CORAL +* PLAYSTATION +* UEFA CHAMPIONS LEAGUE + + + +**LINKS:** + +🪐 Website: [https://sportemongo.com/](https://sportemongo.com/) + +📺 TG: [https://t.me/SportemonGoBSC](https://t.me/SportemonGoBSC) +As of 7:50 CT the S&P futures are up +72.75 to 2555.12. What are the drivers behind this? OPEC + meeting moved to Thursday. Boris Johnson gets hospitalized. The only thing I can think of is a model predicted the virus would peak in New Orleans, New York and Michigan in 6-7 days. Any thoughts? +August 30th was America’s most-loved business tycoon’s 89th birthday. He made his fortune (US$82 billion as of July 18, 2019) investing in and helping to build American businesses. + +I won’t waste your time diving into Buffett’s background ([Wikipedia does a good job](https://en.wikipedia.org/wiki/Warren_Buffett)), but I will say his wisdom on investing, money and business management is sought by many (including President Barack Obama, as you can see in the pic above). + +Here are some of his best gems: + +“Beware the investment activity that produces applause; the great moves are usually greeted by yawns.” + +“Calling someone who trades actively in the market an investor is like calling someone who repeatedly engages in one-night stands a romantic.” + +“The stock market is designed to transfer money from the active to the patient.” + +“The business schools reward difficult complex behavior more than simple behavior, but simple behavior is more effective.” + +“Forecasts may tell you a great deal about the forecaster; they tell you nothing about the future.” + +“Opportunities come infrequently. When it rains gold, put out the bucket, not the thimble.” + +“It’s better to hang out with people better than you. Pick out associates whose behavior is better than yours and you’ll drift in that direction.” + +“You’ve gotta keep control of your time, and you can’t unless you say no. You can’t let people set your agenda in life.” + +���The investor of today does not profit from yesterday’s growth.” + +“Today people who hold cash equivalents feel comfortable. They shouldn’t. They have opted for a terrible long-term asset, one that pays virtually nothing and is certain to depreciate in value.” (Note: Interestingly, Buffett’s company, Berkshire Hathaway, currently holds about $122b in cash.) + +“I insist on a lot of time being spent, almost every day, to just sit and think. That is very uncommon in American business. I read and think. So I do more reading and thinking, and make less impulse decisions than most people in business.” + +“Be Fearful When Others Are Greedy and Greedy When Others Are Fearful” + +“There comes a time when you ought to start doing what you want. Take a job that you love. You will jump out of bed in the morning. I think you are out of your mind if you keep taking jobs that you don’t like because you think it will look good on your resume. Isn’t that a little like saving up sex for your old age?” + +“Should you find yourself in a chronically leaking boat, energy devoted to changing vessels is likely to be more productive than energy devoted to patching leaks.” + +[Sauce](https://dumbwealth.com/14-money-quotes-from-the-birthday-boy-warren-buffett/) + +What are your favorite investing-related quotes? +I'm writing this in response to a lot of "I thought moon tomorrow..." post lately. + +I took the last objective data of DRS'ed shares from the Q3 earnings and did a rough extrapolation from that data, taken the speed of DRS from the bot. I roughly end up with June 2022 to lock the float. + +If I take the same speed and take a look when all shares outstanding not owned by insiders are locked, I'm at roughly end 2022 or latest Q1 2023. + +Of course if the speed changes, it will need more or less time. But in any case locking will ignite the rocket. + +If this is too long for you to wait or you can't afford to hold that long, I understand, do whatever you need to do. + +Does anyone has a quicker chance to become millionaire? + +Me not. + +Therefore this is absolutely amazing timeline for me. I will buy more whenever I can and I will DRS each single share to help to lock faster. + +Of course MOASS is tomorrow and if not the day after. + +Tldr: BUY, DRS, HOLD, BECOME MILLIONAIRE!!! + + +Edit: It seems this post and many comments are touching a nerve. The post and many comments of others are getting downvoted aggressively by shills. +As some of you are aware, there's a theory going around related to the GameStop twitter banner images. Today, a new update has stoked the fires of the theory once again and this time, it's even wilder. + +https://pbs.twimg.com/profile_banners/22258315/1635368246/1500x500 +^(edited the link*) + +Today's newest image is Mario Superstars, which contains three 2's in a row within the tiles on the board. I wasn't familiar with this mini-game so I had to do some digging. Turns out, this shit is so on the nose, it's nearly impossible to ignore anymore. + +[The Final Countdown +](https://www.mariowiki.com/The_Final_Countdown) +Let that sink in. + +This does not account for institutional (>10 million $) fund onboarding, which Coinbase is on the precipice of. + +Coinbase added >1 million in July alone this year. And it added 100,000 users in just 1 day a couple weeks ago. + +The herd & capital is truly coming. + +Also check out Coinbase's 'Toshi - Ethereum' mobile app. It's growing quickly. +**TLDR: Got sick of managing a diversified portfolio, made a Binance trading bot that handles it for you.** + +[https://www.hodlbot.io +](https://www.hodlbot.io/?utm_source=reddit&utm_medium=social&utm_campaign=cryptomarkets-subreddit) + +Over the Christmas break I realized I was spending close to 5 hours a month manually rebalancing my portfolio of ~20 cryptocurrencies weighted by market cap. + +I got sick of that pretty quickly so I decided to make a bot that +uses Binance’s API to automatically handle that. For the memes, it’s called HodlBot. + +A few months later, I’m releasing the hosted version of the bot. Now anyone can put their trade-only API keys into HodlBot, and it will automatically trade into the top 20 cryptos. It will also handle monthly rebalancing automatically. + +**What does the algorithm do?** + +The algorithm take the top 20 coins and assign each coin a % allocation based on their weighted market capitalization. + +Then it caps every coin to be at most 10% of the total portfolio value. Anything above 10% gets redistributed to all the coins below by weighted market capitalization until the entire sum of the portfolio adds up to 100%. + +**What’s the minimum amount I need to have in Binance?** + +$200 is the minimum. + +**How much are Binance transaction fees on rebalancing?** + +I simulated monthly rebalancing on a 3 year period, and found that the average transaction fees were 0.26%. + +This can be higher or lower based on how volatile the market is in the future. The theoretical max is 1.2% (if every coin in the top 20 turned over every month). + +**How much does it cost?** + +For the first month it’s $1. Afterwards it’s $10 per month. We don't take a % fee. + +**Will HodlBot diversify all the cryptos on my account?** + +Yes. If you want to keep some coins separate, you'll have to move them to another account. + +**How can I trust HodlBot with my API keys?** + +We encrypt the keys on our end. Also we don't require withdrawal permissions, just trade-only. + +**More Info:** + +I dig into the portfolio construction and share the algorithm in this blog I wrote here: + +https://medium.com/@AnthonytXie/hodlbot-cryptocurrency-investing-on-autopilot-dce2e4c9a7f7 + + +Been seeing, hearing a lot about some American O&G companies getting into mining Bitcoin with their access gas energy instead of flaring it off. (Also better for the environment). They've also been confirmed to be purchasing up old Asic miners and hiring new positions related to mining infrastructure. + +Curious if anyone has heard anything about Canadian oil and gas companies pursuing the same thing. + +Could create a nice bonus to revenue for these companies if it's the case. +Hello + + In your opinion, which books/training/seminars would be suitable if you want to further educate yourself in the field of day trading/technical analysis? I've been investing in stocks for two years now and have been able to gain important experience. But I will also learn daytrading because that interests me. My goal is not to get rich overnight, with this attitude you are more likely to lose your entire capital on the stock exchange. But it would be nice if I could earn money with it part-time. I would be happy to hear your answers or your own experiences. Thanks :) +I've been in the UK all my life working in the tech industry. People over at /r/cscareerquestions (which is a US centric sub) talk about $100k salaries like its normal. But given that average rent in places like San Francisco is like $3150 (plus other costs like health insurance) that money probably doesnt go as far as I imagine. + +Is there a way of working out what an equivalent salary in the UK would be when you take cost of living into account? +Hello, I’m a 27f with 6.6kgross 4.2k net income. + +Putting 15 percent away for retirement (this is before taxes) + +Total monthly expenses on housing costs transportation costs and food costs: 2,500k + +For context: I live in LA with my partner and work in Supply Chain. + +Im scared I’m behind on retirement. How much would I need to save to catch up? + +I’m just starting, and I believe I have about 6k in 401k from previous accounts. + *🚀* The Glitch: launching on Thursday June 3, 4.30 PM (16:30) UTC 🚀 + +Name: The Glitch + +Symbol: $GLITCH + +Public Presale: 4 PM UTC + +Pancakeswap listing: Directly after hard cap is reached. + +Presale price: 866,666,666,666.6666 GLITCH per BNB + +Launch Price\*\*: 780,000,000,000 GLITCH per BNB + +Website:https:// glitchtoken. co + +Telegram:https://t.me/glitch\_token + +Contract Address: https:// www . bscscan. com/token/0x2d9E82BD315457344a4Cf7023b801473A1F2747c + +Presale: https:// app. unicrypt. network/amm/pancake-v2/ilo/0x1555Ac084701c67096237789c6C9dA719eeA48Ae + +Listed on CoinSniper: https:// coinsniper. net/coin/1495 + +\--- + +About: + +🚀 $GLITCH is an upcoming token for the Binance Smart Chain. With zero dev tokens, and a hefty tax on both buying and selling, we're here for the long term 🚀 The Glitch is a community-embraced DeFi Token based on BSC – one of the fastest-growing Blockchains worldwide. + +The Glitch rewards holders and punishes sellers, which empowers a steadier price growth. 10% of each trade is rewarded to holders, 5% of each trade is automatically contributed to the liquidity pool to allow you to buy/sell with ease. \*80% of the liquidity will be locked for a full year through Unicrypt!\* + +🤑 🤑 Once a day, The Glitch happens. A subset of current holders will receive tokens directly from the Glitch Vault. Amounts distributed by The Glitch are a randomised percentage of the trade volume of the preceding 24 hours. + +📈\*\*\*The more tokens are traded, the bigger The Glitch.\*\*\* + +\--- + +✅ No dev tokens. Zero. 0. + +✅ No whitelist. + +✅ No private sale. + +✅ No whales. + +✅ No rugs. Liquidity will be locked for 12 months. + +\--- + +Vision & Mission: + +$GLITCH is a token that aims to emulate both the thrill and randomness of a lottery, through a novelty selection process called The Glitch. Once a day, "The Glitch" happens, distributing a percentage of the days trade volume as air drops to a subset of holders. + +Our future roadmap consists of a variety of exploratory methods to reward long-term holders of $GLITCH, by increasing their chances to be included in the daily airdrops. This includes the collection of $GLITCH NFTs, upping a holder's chances based on time spent holding, as well as the amounts they hold. + +\--- + +Tokenomics: + +Total Supply: 1,000,000,000,000,000 GLITCH + +Presale Supply: 560,000,000,000,000 tokens + +Liquidity: 367,000,000,000,000 tokens + +Glitch Vault: + +100,000,000,000,000 tokens + +Token Type: BEP-20 (BSC) + +Transaction Fees: 10% redistributed to all holders | 5% added to liquidity + +\--- + +Pre-Sale: + +The public presale will be an opportunity for everyone in the community to buy $GLITCH before it hits the markets. + +To ensure fair chances of a presale allocation to all members of the community, the maximum contribution amount is only 0.5% of the hard cap, 3 BNB in this instance.. + +\- Presale price: 866,666,666,666.6666 GLITCH / per BNB + +\- Presale Soft Cap: 150 BNB + +\- Presale Hard Cap: 600 BNB + +\- Maximum contribution: 3 BNB + +\- 80% of the funds will be locked as liquidity for 12 months. + +\- Presale address: https:// app. unicrypt. network/amm/pancake-v2/ilo/0x1555Ac084701c67096237789c6C9dA719eeA48Ae +Recently I've been told that yfinance is the way to go compared to pandas data reader because pandas datareader stopped being about to use yahoo finance. I checked and this seems not to be the case anymore so I'm at a crossroads :p +I’m 25 and looking forward, I seem to be able to retire between 28-30, 30 if I want to play it safe with a 3% SWR or more money annually. I feel like this may be too early, either because I’d have too much time and too little experience, or because as we know there is a lot of social pressure around retiring early, lots of “you got lucky” comments and generally jealousy. That seems to be a reason some stick around a few years longer. + +Tl;dr: is there an age that’s too early to retire for any real reason? Looking to discuss +We’re Chubby and not RE yet, with my spouse and I both in demanding roles (but thankfully we can keep our schedules pretty close to 40hrs). No family nearby. + +Should we spend an extra $25k to have the peace of mind of a full time nanny WHILE the kids start school? We had been thinking we’d find someone part time but we have a nanny we like who wants to keep 40hrs. The the idea of knowing we are covered for after-hours, school breaks, sick days, plus having someone to do a few hour of housework before the kids come home sounds like an amazing luxury for the extra $$ of full time vs part time. + +For those with Nannies I’d love to hear your experiences and/or how other parents handle after-school care. + +Edit: for those that have done full time in home care do you think the extra cost was outweighed by your effectiveness at your work or business? That is part of how we are thinking about this and curious if it has held true for others. +[https://www.barrons.com/articles/earnings-lift-restaurant-brands-its-ceo-says-its-a-post-pandemic-growth-story-51619801175](https://www.barrons.com/articles/earnings-lift-restaurant-brands-its-ceo-says-its-a-post-pandemic-growth-story-51619801175) + + +A wave of pessimism that has hurt [Tesla](https://www.barrons.com/quote/TSLA) stock in recent days may be starting to recede. + +Stock in the [electric-vehicle](https://www.barrons.com/articles/tesla-could-save-the-auto-business-by-disrupting-it-heres-how-51614442967?mod=article_inline) pioneer was on its way to a fourth consecutive daily decline when the shares turned around in midday trading Friday. Two factors—both related to 2021 performance—may be making investors more upbeat heading into May. + +Tesla (ticker: TSLA) stock started out the week at about $729 and closed Monday at $738.20, ahead of the company’s first-quarter [earnings report](https://www.barrons.com/articles/teslas-earnings-ticked-all-the-boxes-big-questions-remain-51619469933?mod=article_inline) that afternoon. Earnings were higher than Wall Street expected, but questions about the [quality](https://www.barrons.com/articles/teslas-earnings-were-a-gift-to-doubters-a-fine-result-wasnt-good-enough-51619539342?mod=article_inline) of the reported earnings—the degree to which trading in Bitcoin and sales of regulatory credits for producing zero-emission cars lifted the number–sent the stock lower. [Lingering concern](https://www.barrons.com/articles/tesla-stock-headline-headaches-wall-street-weighs-in-51619449789?mod=article_inline) over a recent crash of a Tesla vehicle in Texas dragged on the price too. + +The stock opened Friday at about $668, $71 lower than Monday’s close, and down 1.4% from Thursday’s final level. By early afternoon, though, shares were up about $43, or 6.5%, from the daily low, at $709.55. The [S&P 500](https://www.barrons.com/quote/SPX) and [Dow Jones Industrial Average](https://www.barrons.com/quote/DJIA), for comparison, were each down about 0.6%. + +The stock-price bounce might just be a relief rally marking the end of the post-earnings selling spree. But two bits of news, both communicated via [Twitter](https://www.barrons.com/quote/TWTR) (TWTR), appear to be at work as well. + +New Street Research analyst [Pierre Ferragu](https://www.barrons.com/articles/tesla-stock-can-hit-1-200-analyst-says-51602108860?mod=article_inline) tweeted out Thursday that [STMicroelectronics](https://www.barrons.com/quote/STM) (STM) believes its revenues from sales of silicon carbide will hit $550 million in 2021. The company said as much on its April 29 earnings conference call. + +It matters because according to Ferragu, STMicro is Tesla’s sole supplier of silicon carbide,. He says Tesla accounts for 80% of the company’s silicon-carbide sales, and that sales of $550 million imply Tesla would produce as many as 1 million vehicles. + +Wall Street is looking for 800,000 Tesla deliveries in 2021. A million vehicles would be an enormous surprise. + +[Gary Black](https://www.barrons.com/articles/nikola-stock-tesla-electric-trucks-manufacturing-hydrogen-elon-musk-trevor-milton-gary-black-51591908953?mod=article_inline), an influential market watcher, also tweeted out something he uncovered in Tesla’s [recent 10-Q](https://www.barrons.com/articles/tesla-notes-a-new-risk-quarterly-report-51619640537?mod=article_inline) quarterly filing with the Securities and Exchange Commission. + +In the filing, Black noted, Tesla’s board of directors said it is “probable” that Tesla’s annualized sales will hit $55 billion, a milestone that would trigger the grant of stock options to CEO Elon Musk. + +Wall Street analysts believe Tesla’s 2021 sales will be less than $50 billion, so a figure of $55 billion would be a second enormous surprise for investors. + +Black is a former Wall Street analyst and money manager who has amassed almost 74,000 followers tweeting about stocks, including Tesla. Ferragu, for his part, rates Tesla share at Buy and has a $900 price target for the stock. +I would like to eventually invest in real estate, but currently I have no money. Before I invest, I would like to gain some experience in the real estate world. I'm willing to work for free part time. I'm currently a senior in college and plan to invest 2-3 years after I graduate once I pay off my student loans and have some funds for investing. What can I do rn, or after I graduate to gain real experience? Any advice would be much appreciated. +I now have roughly six rentals that are shelling off a pretty solid amount of net income each month with anywhere from $700,000 to $900,000 in equity. I have a pretty good amount of cash on the sideline for new deals, but wondering what a lot of real estate investors do if they need to tap into some of their rental property equity for new deals. I looked at HELOCs but it seems like no one will give a HELOC for an investment property. + +Thanks for the help. +I've seen a few "should I take this job or that one" posts lately, but this may be unique in the sense that the pay difference is huge and the decision may impact my health. I am curious to see what people think. I have two career opportunities that I could transition into soon. For background, 35 years old, married, two kids, MCOL area. Net worth is about 750K, but we got a late start due to both of us going to grad school. My opportunities are: + +1. 400K total comp, about half of which is variable compensation based on overall profitability of the business unit. I would be returning to a position at a company I previously worked for. The comp package is attractive and I would have the ability to periodically work from home, but the job itself is very high stress. It's in a really competitive industry, the company has aggressive growth goals, and the CEO is somewhat absentee (other than to amp up pressure to hit goals). During my previous time with this company I was constantly putting out fires and trying to save clients from taking their business elsewhere (the industry norm is for contracts to have a 30 day termination clause, so clients have a ton of leverage). Hours were about 55-60 per week, traveling every other week or weekly in order to put in face time with clients. I've had an anxiety disorder that was mostly under wraps for the last 15 years, but during my last stint with the option 1 company, I found myself back on meds and in a psychiatrist's office to deal with the stress. +2. 140K total comp, mostly base salary and possibility to grow to 170K in the next two years. This would be a chance to join a growing startup founded by someone I worked for in the past and enjoyed. The culture values work-life balance and is much less cut throat. This would be a typical 40 hour work week, and virtually no travel required. The clients in this case would be less fickle, and socially I also like many of the people who work here now. The downsides are obviously that the pay is less than half of option 1, and I would have a bit of a daily commute. + +I'm not quite sure what to do. I thought about trying to negotiate less travel/more flexibility into option 1, but I think it would go out the window the first time there is a client that needs saving. Is it worth risking burnout/mental health for another bite of the apple? +Good afternoon all, + +I recently made a fairly decent profit trading cryptocurrency (around £150k) and I was wondering how it would be taxed. I have tried to look around the internet for some advice/help but the information I have found contradicts itself. Does anyone have any knowledge regarding the Capital Gains Tax payable with crypto? If any, how would I pay this (self assessment or other)? Any help would be massively appreciated. + +Thank you. +I already invested in Gold and Silver last year and I’m planning to widen my investments before mid-year 2022. + + +I have first thought about copper since it comes third after gold and silver for jewelers but tops the list for builders and engineers. It’s durable, malleable, and conducts heat and electricity extremely well. Even more good news for resource-rich here in Canada, and investors in the US, comes from copper’s key role in the switch to electric cars and sustainable energy. Electric vehicles require two-to-four times more copper than their petrol-powered counterparts not to mention when they push forward with their future plans for massive infrastructure improvements aimed at fixing its ailing highways and bridges, and upgrading airports and transit systems, expect copper to play a major role in any construction projects. (Not only in the U.S) + + +Coal will never be that dominant energy source that it once was but, it's not going to completely go away anytime soon so I’m planning to take this opportunity to have some (not sure if this will be good for the long run, might check the stocks every now and then)I have all these hypotheses yet am still unsure entirely where to get on first. Please feel free to leave me some advice or thoughts. Thank you all in advance! +So I bought a car a year ago on a 6 year term with an interest rate of 4% and still owe $23k on it. I have 24k in savings, 20k of which I had originally planned to set aside as my official emergency fund. My question is would it be smarter for me to simply pay off the entire car and start my savings from scratch? + +My plan was originally to set the 20k emergency fund aside and begin saving towards a down payment for a house which I would start looking for a year or two down the road. Paying off the car would set all that back to zero but I'd have no debt. I have no student loans or credit card debt. + +I make 50k a year and was also planning to start contributing to my employer 401k. My biggest gripe is that I'm in my early 30s and feel like I'm so far behind in savings. I graduated college late and started my career at such a late age also. Any input from you guys would be grateful. + +EDIT: Sorry I meant is it better to have savings or 0 savings and 0 debt. + +EDIT 2: I am not struggling to pay this car note or make ends meet so my concern is not that I have overbearing debt...it's just don't feel comfortable owing money unless it's like a house. I also don't feel comfortable having no savings. So for those saying to sell the car because I'm way over my head and can't afford to make the payments I'd tell you that's incorrect. Sure maybe I got a car pricier than I should have for my income but it by no means is killing me, I'm still saving month to month as well. + +Lastly, RIP my notifications...this blew up and I wasn't expecting that lol. +Is anyone else getting sick of seeing low-quality posts in these subs? As a young person myself I joined this sub to learn, and hopefully expand my knowledge, however all I see on here and r/fiaustralia is asking the same rehashed questions over and over… +I’m all for people learning, but why can’t people use the search bar, like I did. I know I might be a touch sensitive, but if you’ve just inherited 250k, you can (probably) afford an appointment with a financial planner. +Each week I’ll be picking a random ASX stock that I’ve rarely seen discussed online – and that I do NOT hold – that you voted for, for us to dive into for some Due Diligence (“DD”). + +This is for us to have a look at what it does, comb over their financials, and in the end discuss whether or not we’d buy into it. Not all of these stocks may be sexy or appealing; the whole point is to shine a light on what companies are doing out there on the ASX which never get much coverage – for good or bad. + +The main purpose being to add some more variety in coverage to the standard blue chips or meme stocks we see pumped day in and day out, and hopefully discover some hidden gems or innovative companies on the Aussie market. + +Here’s this week’s Random Stock of the Week. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +**Company name:** Atlas Pearls + +https://preview.redd.it/umluo8ltenl81.png?width=1493&format=png&auto=webp&s=90aae456db528f274e99f25974195e075fb2f00b + +**Ticker:** ATP + +**Industry:** Luxury Goods + +**Headquarters:** Perth, WA + +**Market cap:** \~$23m + +**Current share price:** \~$0.05 + +**1-year Performance:** \+354.55%% + +**What they do, smoothbrain version:** make the pearl necklaces your wife’s boyfriend gives to her. + +**What they say they do, wanky version:** “Atlas Pearls has an enviable reputation as a global leader in eco-pearling, specialising in the Pinctada maxima, producing beautiful and highly sought after silver and white South Sea pearls.” 🍆👋 + +**What they do, actual version:** Owners of seven pearl farms dotted throughout the Indonesian islands, **Atlas Pearls (ATP)** are a Western Australian business who are one of the world’s largest growers and sellers of premium white and silver South Sea pearls. + +Established in the 1990’s, the company specialises in raising, growing & harvesting operations for the *Pintada maxima* species of oyster, which are renowned for the size and quality of the pearls they produce. + +These oysters only grow in the nutrient-rich waters found around the Indonesian archipelago, and being saltwater pearls – which take longer to produce than their freshwater counterparts – fetch a premium price point. + +https://preview.redd.it/g2aqc4bzenl81.jpg?width=2835&format=pjpg&auto=webp&s=b84a94a8e70ca5e9865491e35cff3fe723e87923 + +ATP use a process to ‘selectively breed’ oysters in order to maximise their genetics conducive to pearl quality, then run a careful multi-year maintenance program to ensure the oysters are grown, cleaned & transported in only the most optimal conditions. + +Even despite all of this extra effort and labour, in the end of the 4-year process only around 50% of the pearls harvested will be considered of suitable “commercial” grade. + +Their operation is wholly sustainable and eco-friendly, and participates in a variety of environmental programs that help the oysters themselves contribute to the overall health of the reefs nearby. The oysters are transported to different farms at differing parts of their life stage to reduce risks of algae & environmental factors that would inhibit pearl production. + +The company is mainly a trade-focused “B2B” operation instead of a retail one, selling pearls in bulk quantities to a range of commercial partners around the world. + +This traditionally involved attending flagship in-person physical auctions and other sales events, with monthly auctions at their storefront in Bali, and other viewing events dotted throughout the year in Japan & Hong Kong where their product is highly popular. + +Atlas employs over 900 workers – many of which are part-time Indonesians who assist in manual harvesting of the pearls themselves. + +All up, it now harvests over 500,000 pearls each year, having steadily increased their pearl production consistently for the past 5 years, and with 2021 in particular a bumper year with harvest numbers clocking in at over 560,000. + +ATP has been listed on the ASX for over 25 years; its share price peaked at $0.80 wayyy back in 1996, and fluctuated steadily downward year on year thereafter. + +Factors such as unpredictable seasonality, issues with harvest sizes, declining pearl sizes & quality grades, and a lack of management’s ability to keep operational costs under control all combined for a gradual loss of faith among shareholders. + +[The grades of ATP's pearls have a strong correlation with the company's historic share price \(a.k.a - down\).](https://preview.redd.it/oyko8oq1fnl81.png?width=700&format=png&auto=webp&s=a2b1b4c14de32eb4a492658dfd8bfe3e994d51dd) + +Its stock hit all-time-lows of under 1 cent in 2019-2020, as average pearl sizes and grades hit their all-time lows and the company seemed to be a regular loss-making enterprise with no real concrete plan moving forward. + +The turnaround for ATP’s performance started in mid-2020, with a couple of contributing factors all chipping in. First, Atlas underwent a management restructure towards the tail end of 2019, and the next year a decision was made to sell off an under-producing asset. + +ATP had originally purchased a stake in perfume producer Essential Oils Tasmania in 2013, and after years of it going nowhere, sold off its holding in June 2020 for a cash injection of $1.5 million. + +Secondly, the company also made the decision to extend harvest times for their pearls to an ideal 24-month growing period for consistency of harvest quality & operations, which also coincided in an uptick in the quality and size of their pearl inventory. + +https://preview.redd.it/cbfnw5p5fnl81.png?width=910&format=png&auto=webp&s=bcdcaaa958e6a3573dee96a6bc38fa911b9ed077 + +Covid-19 had also hit by this time, and while the initial fear was that travel restrictions, lockdowns and the newly-imposed restrictions on Indonesia would have negative effects on the business, it in fact ended up having the opposite impact. + +This was largely due to Atlas deciding to close their retail stores, and focus on developing an online platform for conducting their auctions and allowing the digital sale of pearls and clearing of more inventory. + +They held 11 online auction sales throughout FY 2021, selling over 82,000 pearls online for a total direct online revenue of over $3.3 million through trade customers, enabling them to buy in bulk. + +The newfound distribution channel also would allow them to conduct more frequent online auctions throughout the year at times of their choosing, rather than being limited to only the semi-regular scheduled in-person auctions. + +https://preview.redd.it/4rjn06c7fnl81.png?width=1695&format=png&auto=webp&s=dd5fd67cb45a8c297dc072da5462557b84dc71c7 + +While it only accounted for 18% of their revenue, it was so successful the company has now committed to conducting an omnichannel approach in which auctions are conducted physically and online in parallel in order to maximise bid values & eyeballs. + +All of these improvements – along with solid cost-efficiencies implemented by updated management policies – resulted in a series of increasingly positive financial reports quarter after quarter for most of the rest of 2020 & 2021 that the share price finally gradually began to re-rate to a level more approaching the book value of the company’s assets. + +As we sit here after yet another positive report in early 2022 causing another share price spike, how does Atlas Pearls look as an investment moving forward now they’re making substantial profits? And is it sustainable? Let’s have a look at the good & bad. + +Atlas listed on the ASX in 1993, and over the past 20 years has returned -2.35% p.a. annualised (including dividends). + +**What looks good:** + +* For quite a long time, ATP has been extremely undervalued based on simple ‘pure’, basic fundamentals given its assets. Even after its recent sharp share price spikes, and even when building its current debt (around $2.5 million) into its market cap, taking basic ratios such as its Price to Earnings (\~1.6) and Price to Book (\~1) still makes it look pretty damn cheap given where it sits at time of writing. +* At its current \~$21m market cap with over $31m of total assets (!), even though there is typically a 20% discount given to what are considered “biological assets” due to their increased vulnerability, this still looks underpriced. +* ATP reported the following improvements year on year for 2021: revenue up 81%, NTA per share up 111%, EPS up 73%. This caused the share price to jump up from $0.04 to $0.05; a 25% increase… for a more than 100% increase in tangible assets. Again, an indicator of still being undervalued despite recent spikes. +* If we take the company’s figures of 82,000 pearls combining for a $3.3 million revenue figure, that equates to a price of about $40 per pearl achieved through trade partners…. +* Yet, if ATP can properly devise a way to add more retail as a viable sales channel (particularly online), where the markup for these pearls and pearl jewellery is massive (and pearls sell for hundreds of dollars apiece depending on grade), the potential for hugely increased margins is pretty tantalising. +* Their 2020 to 2021 EBITDA increase from $178,000 to $5.6 million was pretty eye-popping, and you’d hope that this is indicative of a future trend rather than a one-off. + +https://preview.redd.it/975gbddcfnl81.png?width=1320&format=png&auto=webp&s=5108ea7dead2eed7253c3307eb49db2787f1edb8 + +* They have used some of their revenue over the past year to acquire an additional sea lease in the waters of West Lembata for another farm area to add more volume & aquatic diversity to existing operations. +* Year on year, the company harvested 462,530 pearls in 2020 vs 562,872 in 2021 (a 21% increase). +* They’ve stated in their most recent update that they’re aiming to sell 75,000 pearls over the next quarter, which if maintained on an annualised basis of 300k per year, at the average price of $40 per pearl means $12m of revenue as a baseline – not accounting for any higher achieved price increases. + +https://preview.redd.it/0x55i8jefnl81.png?width=836&format=png&auto=webp&s=df4287c25a91bd43659e21392e9195797de5c536 + +* The company has continued to sensibly pay down their debt/loan with main shareholder-backed creditor Boneyard Industries instead of hinting at a dividend policy, continually making their balance sheet look less risky: + +https://preview.redd.it/oemku27ifnl81.png?width=830&format=png&auto=webp&s=44d2b9f09138418e9303f4bf9f6369a4305b1785 + +* In tail-end 2021 and now through to 2022, Covid lockdowns have been decreasing in Indonesia which should have onflow effects in terms of both accessing in-person sales events and smoother running of operations. +* They’re largely a sustainable business that’s eco-friendly in the “agricultural” (sort of) space; this prevents it from being subject to any anti-ESG sentiment tailwinds, and may in fact benefit from these if it starts to garner any eyeballs from instos moving forward. +* Since the start of their recent turnaround, the company has been doing a better job of cost control and reducing overall unnecessary capex numbers/costs, with a decrease from $2.7m to $2.1m over the previous year’s quarter, which translates to another nearly $2.5 million per year in profit just from these savings. +* Pearl quality – one of their chief drivers of profit that continually declined over the past couple of decades – looks to be on the rebound as of 2020 onward. If this can continue (or at least stabilise instead of declining), it would lead to their recent higher margins being maintained & then scale with volume accordingly. +* They reported increased average sell price for pearls of nearly 6% higher vs 2020; can this be repeated? If this was applied to 2021 resulting in a $42.4 average price per pearl, the onflow effects to revenue would be significant. +* Management/insiders still own a pretty decent proportion of the shares on issue, and will be incentivised to keep the share price growing strong: + +https://preview.redd.it/s6hdefalfnl81.png?width=855&format=png&auto=webp&s=8d7b4eb7f284d6ebe91a0699be12affbfb41c588 + +* Likewise, there has been some mild levels of on-market buying by insider owners over the past year (especially given the tiny market cap size of the company), and no insiders selling off their shares. All indications are they know the turnaround is underway, passing on a small degree confidence to retail: + +https://preview.redd.it/ksoebwfnfnl81.png?width=830&format=png&auto=webp&s=d0cd8671dd0f3c4c9fd96b27636d7a706c6e28e3 + +* Their online auction system granting more favourable margins has a multiplicative effect; if they can increase this from the 18% figure reported recently, this too will contribute strongly to the bottom line. +* The company has given strong indications that global pearl demand has been on an uptick over the past couple of years, as retail spending on luxury goods has increased. +* Subjectively, their front-facing website/storefront/brand looks quite good, and has a premium feel brand-wise. It’s all too common to come across ASX micro-caps that have shitty digital/design assets that look like they were made by a graduate in powerpoint, but there’s a degree of quality here that at least shows care and effort (which carries over to their annual report/company comms designs too). + +**What doesn’t look good:** + +* ATP as a stock experiences very low average daily trade volume. Only around a meagre few tens of grand’s worth of stock has changed hands each day on average over the past several months, and it can occasionally go days without any shares changing hands at all. +* This lack of liquidity reflects both on the lack of attention given to the stock as a whole (and likely a contributor to it being potentially undervalued), and makes it harder to get in or out: + +https://preview.redd.it/ul944qxqfnl81.png?width=585&format=png&auto=webp&s=5b3955a424661ffa9b8547e9f2d19f423ff72de4 + +* Environmental & seasonal businesses’ success can vary wildly year to year due to issues outside of management and operational control. While the company has a strong inventory at the moment, if they do increase sales levels and then an unexpected environmental effect damages a harvest, it will immediately impact their revenues on a fairly drastic level as the company will be playing “catch up” with regards to oyster/pearl supply. +* This performance turnaround has only been a recent occurrence, with years – in fact, decades – of the company being an underperformer and lacking any kind of strong track record as a business and a stock. They’ve flip-flopped between paying dividends, high and manageable debt levels, investing in outside endeavours and everything in between… do you trust that this is really a “new” version of ATP moving forward? +* While they’ve been making an effort to pay it down, debt is still a concern given the unreliability of their revenues from quarter to quarter. +* The on-market purchases by management that have taken place recently have been miniscule and aren’t exactly massive indicators of confidence; none have happened since the share price has recently run up, and those that have taken place are chump change (wow, $8k… slow down, high-roller…) in the grand scheme of things. +* It will be crucial to see whether or not the recovery in pearl size and quality is permanent, or just a temporary blip. The fact that there is literally no way for everyday investors to know or anticipate this makes it even more of a gamble than regular investing in profitable businesses that have more standard inventory/products they have more predictable control over. +* If you’re after a dividend, this will likely be a while away. ATP paid dividends at various points throughout their company history, however this doesn’t seem likely in the immediate future as paying off existing debt is likely to be the first priority. +* Even though it was from near-all-time-lows, the share price has already run hard over the past year, with a 350%+ increase. While this came on the back of strong performance, it makes you wonder how much more gains the market is willing to price in given the company’s somewhat chequered history. +* Was the spike in pearl desirability & retail spend just another side-effect of the overall beneficial conditions that Covid-19 created for some businesses? Jewellery & luxury goods companies on the ASX experienced a pretty common uptick in revenue across the board as people had nothing else to spend their savings on – we saw this reflected in other listed companies such as Michael Hill (MHJ), Lovisa (LOV), etc. in which people splurged on non-essentials that might normally go into travel/tourism, dining out, and similar money-sinks. + +**Summary:** Atlas Pearls looks like a company in which the combination of both change in management optimisations and global sentiment trends for their product – white, high-quality pearls – are colliding at just the right time. + +Retailers across the globe have indicated seeing significant upticks in pearl sales & demand since the peak of Covid-19 lockdowns initially curtailed demand, and many retail distributors reporting some of their best-ever sales results. + +[IF MANAGEMENT ARE SAYING IT, YOU KNOW IT MUST BE TRUE.](https://preview.redd.it/mdlz7x9yfnl81.png?width=425&format=png&auto=webp&s=804a951aef41a61c7745e9942f0a418d4750adbd) + +In addition, several farms that struggled through the initial portion of the pandemic have ceased production, meaning that there are potentially fewer pearls coming into the market in the next couple of years and granting further pricing power to companies like Atlas. + +Many farms in Australian waters (mostly located off the coast of Western Australia) have also been ravaged by disease, leading to further supply issues which do not affect ATP’s holdings in Indonesian seas. + +According to the most recent figures released by the Australian Bureau of Agricultural and Resource Economics and Sciences, exports of Australian pearls clocked in at just $56 million in the 2018-19 financial year, compared with $241 million 10 years prior. + +Greater macro environmental conditions could be a factor for Atlas, however. While the company takes major precautions to ensure the health of their oyster crops, impacts of global warming & the increase in C02 could throw off the delicate balance that oysters need to build their pearls. + +These unknowns aside, what is known is that ATP looks to have finally turned the corner in terms of getting the structural aspects of their business – and finances – into a sustainably profitable format moving forward. + +https://preview.redd.it/asd73rkzfnl81.png?width=600&format=png&auto=webp&s=5c1ac4a2042c925918a646c78181ed5e9029e944 + +Assuming there are no other major unforeseen external events (and who knows what to expect given the world we’ve been living in the past couple of years), then they’ve become a business where a path to consistent profits is clearly visible as long as pearl demand stays strong. + +**Conclusion:** ATP is the rare case of an ASX micro-cap where the *fundamentals* are so strong, that the *sentiment* is mostly what is holding it back – instead of vice-versa. + +Usually, companies on this end of the spectrum are hoping they’re able to come up with a business model that might be profitable years down the line, if at all, or are smaller tech that has no physical assets other than their IP to speak of. + +ATP is the exact opposite, and as a result whether or not to invest in the stock largely comes down to how much you’re willing to bet on management and the last year or two not being a total one-off miracle. + +The company’s spotty past track record is likely building in a strong price discount to the current share price, as is the fragility of their assets. However, over the end of 2021 and first half of 2022, the market seems to finally be taking notice. + +https://preview.redd.it/ows8yvx0gnl81.jpg?width=1469&format=pjpg&auto=webp&s=aa0c082e58fd9cc3317de81757f52e34775698dc + +Volumes of the stock are up; technical indicators are pointing in the right direction for the first time in years; and the stock has enough built-in asset value that even were it to continue to run up to the \~10c per share mark, it would be hard to call it ‘overvalued’. + +Even allowing it a maximum P/E ratio of \~5 to price in some risk could see around the \~20c mark being “fair value” for ATP. + +As a result, I'm personally strongly interested in this stock, even if I do wish I had followed my gut and gotten in earlier when I first looked at this around the \~3c per share mark. + +This is especially true in a position heading further into 2022 in which value investing & fundamentals are starting to come back to the forefront. + +It’s the same principal that made stocks such as iron ore producer Grange Resources (GRR) such a strong performer recently; the value proposition is so strong, it is almost bound to eventually shift sentiment, at least until the share price shifts back to a more neutrally-valued level. + +Depending how frisky I’m feeling, I may just join the Good Ship ATP and consider investing in some shares in the coming months 🦪🦪🦪. Just don’t fuck things up please, management. + +**Link to web version:** [https://ausinvestors.com/atp-stock-of-the-week/](https://ausinvestors.com/atp-stock-of-the-week/) + +**Vote for next week's Random Stonk of the Week:** [https://ausinvestors.com/poll](https://ausinvestors.com/poll) + +**Links to previous Stonks of the Week:** [https://ausinvestors.com/category/random-stock-of-the-week/](https://ausinvestors.com/category/random-stock-of-the-week/) + +**Company website:** [https://www.atlaspearls.com.au/](https://www.atlaspearls.com.au/) + +**MarketIndex page:** [https://www.marketindex.com.au/asx/atp](https://www.marketindex.com.au/asx/atp) + +Feel free to add your own opinions on ATP in the comments below. + +**Would you buy this stock? Why or why not? Feel free to vote in the poll.** + +[View Poll](https://www.reddit.com/poll/t7lpwz) +If you've been following along with my posts, you'll know I track deep worthless OTM puts which SuperStonk has suspected of being used for married puts to defer FTDs. If you're new, you may want to catch up with my previous posts: + +* [Historical GME 7/14/21 Options OI to see how many cans got kicked & how far](https://www.reddit.com/r/Superstonk/comments/ocen11/historical_gme_71421_options_oi_to_see_how_many/). This was my original post when I realized we can see exactly which day options are opened. And, by looking at which expiration, we can see how far cans get kicked. +* [Peek-a-boo! I see you 79M hidden shorts!](https://www.reddit.com/r/Superstonk/comments/odsded/peekaboo_i_see_you_79m_hidden_shorts/) is where I start tracking these suspected hidden shorts by focusing on new opens during GME's Jan spike. +* [Peek-a-boo! I see 103M hidden shorts! (Part Deux)](https://www.reddit.com/r/Superstonk/comments/oenvoh/peekaboo_i_see_103m_hidden_shorts_part_deux/) is where I learned to use delta to determine that a newly opened option is actually worthless which allows for a really good estimate of how many worthless options are opened to hide shorts during GME's Jan spike. + +As we see those cans in Jan 2021 kicked down the road to various expirations, we're now going to see *where* those cans are kicked. We see many of those cans stacking up in the upcoming July options expiration so we'll start there. + +I used the same GME Options data set from [https://www.historicaloptiondata.com/](https://www.historicaloptiondata.com/) for 2021 up to end of June (best $21 ever spent). I looked at the end of June (6/30) to find which July Put option has the most OI: July $0.50 Put with 148k OI. (The runner up is the $1 strike with 30k OI so I'm going to skip that for a cleaner chart.) + +I extracted the daily open interest data for that July $0.50 Put and then calculated the new Open Interest for each day. This OI Change effectively shows you how many of those Puts were opened (or closed) that day. When we look at the July $0.50 Put line (blue), there's a noticeable spike in March. + +So I did the same for the highest OI Jan 2022 leap puts (@ $0.50 strike) and the highest OI March 19 Puts (@ $1.00 strike). (Of course, for the options expiring March 19th, I had to get that data as of March 19th instead of June 30.) The second highest Jan 2022 leap put OI was the $1 strike with 29k OI and the second highest March 19 put OI was at the $10 strike with 37k OI. I'm setting these aside for now because you can see the trend with just the highest OI at the deepest OTM strike and this keeps the chart cleaner. + +Have a nice chart: + +[Put Open Interest Change per Day for March, July, and Jan 2022 Leap Options](https://preview.redd.it/u3armgxwrm971.png?width=1452&format=png&auto=webp&s=85e3e66ebf404f7c9f2b3f02ab870b6ba3f5ace3) + +Here we can see lots of March 19th $1.00 Put options (green line) being opened in January at the "Oh Shit" moment and again in late February (presumably soon after the Feb options expired). This suggests the March expiration was used twice for can kicking from Jan and then again in Feb. + +As the worthless March puts expired worthless in mid-March, you see a huge spike of new worthless July $0.50 P options (blue line) being opened up. Effectively, we're seeing cans that were kicked only a couple months out to March being kicked out again to July. + +As July expiration comes up, we see 148k (@ the $0.50 strike) and 30k (@ the $1.00 strike) options expiring which is a solid 178k deep OTM puts almost certainly being used to hide about 17.8M shares just at those bottom two strikes. As of March 19, the deltas for all July option strikes below $13 have been 0 which means upwards of 273k worthless puts (probably hiding over 27M shares) are coming due. (As of March 19th, delta is under 0.01 up to around the $26 strike so many people would probably consider those to also be worthless. Why open worthless options positions?) + +[ToS showing deltas for options as of March 19th](https://preview.redd.it/yl58wsuk6n971.png?width=5000&format=png&auto=webp&s=53537adfaf50a915e3f1022c0c7fa083d8cbbf8e) + +With this analytical approach, we can see which future expirations those cans get kicked to. *And*, we can estimate the number of cans by summing up the new OI for options with delta < 0.01. + +I'm looking forward to doing another analysis towards the end of July! Thanks for reading! + + +Edit: Fully spell out SuperStonk. Credit u/b_h_w +👻There’s something strange in the neighborhood 👻 + +&#x200B; + +It's time to either run and hide, or find your proton pack and ape in to defend your fellow mortals from the frightening supernatural scammers around. + +&#x200B; + +Recently launched (15 minutes ago) now is the best time to get involved with the GHOSTPUMPERS as this community coin (ownership renounced) is set to explode. + +&#x200B; + +👻👻👻 + +&#x200B; + + $GHOSTPUMPERS are here to stop you being slimed on, with loads of safety features to ensure you stay safe from ghosts, ghouls, marshmallow men.. and of course the whales and bots which ruin everyones fun: + +&#x200B; + +Tokenomics: Anti-Dump + + ⁃ Sell within 30 minutes : 40% burn (30% Back to the Liquidity Pool, 10% Redistributed to Holders) + + ⁃ Sell within 45 minutes : 32% burn (24% Back to the Liquidity Pool, 8% Redistributed to Holders) + + ⁃ Sell within 1 hour : 24% burn (18% Back to the Liquidity Pool, 6% Redistributed to Holders) + + ⁃ Sell within 2 hours : 16% burn (12% Back to the Liquidity Pool, 4% Redistributed to Holders) + + ⁃ Standard burn : 8% burn (6% Back to the Liquidity Pool, 2% Redistributed to Holders) + +&#x200B; + +Contract: 0x0054446dccf130fb3767940d54775f2967b2ed04 + +&#x200B; + +Telegram: [t.me/ghostpumpersbsc](https://t.me/ghostpumpersbsc) + +&#x200B; + +website: [www.ghostpumpers.com](https://www.ghostpumpers.com) + +&#x200B; + +100% Liquidity Burned + +&#x200B; + +Pancake swap: [https://exchange.pancakeswap.finance/#/swap?outputCurrency=0x0054446dccf130fb3767940d54775f2967b2ed04](https://exchange.pancakeswap.finance/#/swap?outputCurrency=0x0054446dccf130fb3767940d54775f2967b2ed04) + +&#x200B; + +Ownership renounced: [https://bscscan.com/tx/0xf096d96535e868898012f5d3c6ac33cacba7f66009a47abfd6575cee0306a1e2#eventlog](https://bscscan.com/tx/0xf096d96535e868898012f5d3c6ac33cacba7f66009a47abfd6575cee0306a1e2#eventlog) + +&#x200B; + +BSCscan:[https://bscscan.com/address/0x0054446dccf130fb3767940d54775f2967b2ed04](https://bscscan.com/address/0x0054446dccf130fb3767940d54775f2967b2ed04) +I need make back this 3k before Jan 2019 before my parents check it. I have 500usd right now. Can I make it ? How many lots should I use ? Please help. +Biogen's Aduhelm has been approved by the FDA to treat Alzheimer's Disease. ~~Trading of Biogen (BIIB) is still halted as of 11:30 AM (Eastern).~~ EDIT: Trading scheduled to resume at 1:30 PM (ET). + +Aduhelm targets amyloid plaque deposits, long thought to be associated with the cognitive decline of Alzheimer's Disease. There are still many hurdles with translating the drug to profits, as a followup study is pending. Pricing concerns based on drug efficacy raised by the Institute for Clinical and Economic Review (ICER) may also lower the upper limit of profitability. Insurers may be hesitant to cover Aduhelm without a clearer demonstration of efficacy. + +[https://www.streetinsider.com/Corporate+News/FDA+Announces+Approve+of+Biogens+%28BIIB%29+Treatment+for+Alzheimers+Disease/18527815.html](https://www.streetinsider.com/Corporate+News/FDA+Announces+Approve+of+Biogens+%28BIIB%29+Treatment+for+Alzheimers+Disease/18527815.html) +This story is all over the news today in Australia - here's the link to the article in the Australian Financial Review, have copy pasta the story in full below. Australian Government may bail them out, we'll have to see. + +&#x200B; + +**TL;DR:** Credit Suisse is attempting to liquidate Australian steel manufacturing and mining industry billionaire Sanjeev Gupta. This has massive implications across every State and Territory in Australia, particularly in smaller towns where the industry is what keeps them alive. House of cards....is falling. + +&#x200B; + +[https://www.afr.com/companies/financial-services/credit-suisse-tries-to-wind-up-whyalla-steelworks-20210406-p57gsm](https://www.afr.com/companies/financial-services/credit-suisse-tries-to-wind-up-whyalla-steelworks-20210406-p57gsm) + +# Credit Suisse tries to wind up Whyalla Steelworks + +Sanjeev Gupta’s Whyalla Steelworks could be sold off or forced to seek a government bailout to avoid closure if new court action instigated by Switzerland’s Credit Suisse to wind up [the 56-year-old South Australian manufacturing plant](https://www.afr.com/companies/financial-services/the-high-flying-world-of-sanjeev-gupta-was-too-good-to-be-true-20210316-p57b38) is successful. + +Citibank’s London branch filed an application on Tuesday for “winding up in insolvency” in the NSW Supreme Court against GFG Alliance’s OneSteel Manufacturing, which operates the Whyalla Steelworks, and GFG’s Tahmoor Coal. + +Citibank acts as trustee for some GFG invoices that were packaged into bonds by the collapsed firm Greensill Capital and held in four supply-chain funds managed by Credit Suisse, which is trying to recover billions of dollars for more than 1000 investors who sank money into them. + +The aggressive move by Credit Suisse, [which has taken similar legal action against GFG’s Liberty Commodities business](https://www.afr.com/companies/manufacturing/credit-suisse-ups-pressure-on-sanjeev-gupta-with-winding-up-bid-20210401-p57fr3) in Britain, underlines the increasingly precarious financial footing of Mr Gupta’s GFG as it desperately races to try to refinance about $6 billion worth of funding that had previously been sourced from Greensill. + +GFG entities are coming under legal attack around the world as Credit Suisse launches wind-up motions in several countries to try to seize assets and resurrect its reputation following its association with two collapsed entities: Greensill and the US hedge fund Archegos, which had $13 billion of assets under management. + +Credit Suisse’s group chief executive officer, Thomas Gottstein, said on Tuesday that the bank would learn “serious lessons” from losses incurred at Archegos as well as the liquidation of its supply-chain finance funds as he warned investors of a CHF4.4 billion ($6.15 billion) charge and confirmed the departure of the bank’s chief risk officer, dual US-Australian citizen Lara Warner. + +OneSteel Manufacturing operates the Whyalla steelworks that employs about 1500 people and is the lifeblood of the regional town in South Australia of 22,000 people, which is about 380km north of Adelaide. + +## Hailed as a saviour + +The steelworks was acquired by Mr Gupta in mid-2017 when the British billionaire was hailed as a saviour for rescuing the collapsed Arrium Ltd business, which had been in administration [for 16 months under KordaMentha.](https://www.afr.com/companies/manufacturing/gupta-scrambles-to-stop-australia-fallout-from-greensill-insolvency-20210309-p578zl) + +Mr Gupta also bought the structural steel operations on the east coast of Australia now known as Infrabuild in the same transaction, giving him ownership of two mini steel mills in outer Sydney and Melbourne, a national steel recycling business and a series of structural steel distribution outlets. + +He acquired the Tahmoor coal mine in the Southern Highlands region of NSW from commodities giant Glencore in early 2018. + +Tahmoor produces about 2 million tonnes a year, most of which is hard coking coal used in steel making, and it supplies the Whyalla steelworks and BlueScope’s Port Kembla steelworks. + +A directions hearing for the court action brought by Citibank is scheduled for May 6. The onus is on Credit Suisse to prove the GFG entities are insolvent and submit evidence. + +It is understood that McGrathNicol will be appointed liquidators if Citibank’s application is successful. + +McGrathNicol has already been appointed receivers over shares and property in Greensill’s British business (which is controlled by Greensill’s Australian parent) that were secured by Credit Suisse in late October when it extended a $US140 million loan to the collapsed firm. + +Winding-up applications are often issued by creditors to pressure debtors to pay up, and withdrawn if the debts are paid. + +But if the GFG companies are declared insolvent by the courts, the liquidators will assess the businesses, try to stabilise them and see if they can continue as a going concern. If not, the steelworks could face closure. + +Credit Suisse declined to comment. A spokesman for GFG said its Australian Mining and Primary Steel business, which includes Onesteel Manufacturing and Tahmoor Coal, did not conduct any financing with Credit Suisse and had not sold receivables to Credit Suisse. + +“Any proceedings instituted by Credit Suisse will be vigorously defended,” the spokesman said. “We do not propose to comment on legal proceedings further.” + +GFG was in “constructive discussions” with Grant Thornton, Greensill’s administrators, and other stakeholders to negotiate “a consensual and amicable solution on the way forward, which is in the best interests of all stakeholders”, he said. + +“Mining and Primary Steel is well advanced in preparations to refinance its Greensill facilities in the very near term.” + +Credit Suisse’s attempts to wind up some of GFG’s key Australian assets come as the Swiss bank confirmed that Lara Warner, its Melbourne-born chief risk and compliance officer, stepped down from the bank’s executive board on Tuesday and would leave the group along with Brian Chin, who ran the investment bank. + +The bank warned it expected to report a first-quarter pre-tax loss of about CHF900 million, including a CHF4.4 billion charge, because of [the collapse of a US hedge fund client, Archegos.](https://www.afr.com/companies/financial-services/three-lessons-for-bankers-from-the-archegos-meltdown-20210405-p57ghj) + +Credit Suisse’s board has set up a “tactical crisis committee” to investigate the asset management division’s supply-chain finance funds and links with Greensill and GFG, as well as the Archegos collapse. + +The bank plans to update investors on the progress of refunds from the supply-chain finance funds in the next few days but has warned that it is struggling to recover money. + +About $US10 billion worth of invoices supplied by Greensill, including a large chunk from GFG companies, was invested in the Credit Suisse funds, but only one-third of the money owed to investors has to date been returned. GFG stopped paying money owed to Greensill last month. + +Greensill founder, Australian billionaire Lex Greensill, said in a witness statement provided to British courts in early March that he had kept Ms Warner “regularly updated” about the firm’s financial problems, including its difficulties renewing insurance, in the weeks leading up to its administration. + +Ms Warner is an Australian and US citizen. She attended university in the US, receiving a bachelor of science in finance from Pennsylvania State University, and joined Credit Suisse as an equity research analyst in 2002 after stints at Lehman Brothers and telecoms group AT&T. + +She had been Credit Suisse’s group chief risk officer since 2019, taking on the additional role of chief compliance officer in mid-2020, and a member of the Credit Suisse group’s executive board since 2015. + +Greensill filed for insolvency in Britain and Australia on March 8. + +🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀 + +Just don't dance. + +So many people will be affected by all this, all around the world. It hurts my heart. + +Apes together smart, apes together strong. + +💎🙌 +OK so my lady ape and I were talking about confirmation bias in the sub, and we stumbled on this. I don't have time to take too many screen shots and link them but you are able to check it all yourself and I encourage you to do so. + +To check the numbers you will need think or swim and to change it to hourly. + +It appears that when you look at hourly volume in think or swim by (I'm using the app) holding down on the candle, the volume it shows you does NOT include short volume! This is for ANY stock! + +So I ran numbers against GME, AAPL, GS, and GES. I ran the numbers against AAPL and GS because they have low short volume, the opposite situation GME is in. And I ran numbers against GES because it had low volume like GME and also. A three letter ticker starting with a G like GME, incase that reset that happened on Wednesday effected them in some way. + +As of this writing you can still go in to all of these stocks and pull the numbers, add them up, and run it against the short volume for the day https://www.shortvolume.com/ + +If you do this, it will add up to the reported volume that we normally see. All. Of. Them. Are *EXACT*. except of course for our beloved GME on Wednesday. + +If you add up the hourly it will show the volume reported without any further work on your part. Someone's orders were cancelled. + +💎✋🦍🚀 + +Edit: OK here is my attempt at some screen shots to show the unaccounted for volume with gme that I'm talking about. I'm doing this all on mobile so, bear with me. + +The first is aapl which appears to have not been effected by the reset thing on Wednesday, the 2nd is GES, which was. With both of the controls though, all of their volume can be accounted for that it simply needs to be added in or subtracted. However with GME it's just fucking MISSING. Unlike with the first two, when you add up the volume by the hour, it matches the volume of the day. So the volume of the shorts is just completely un accounted for. See for yourself. + + +Aapl: https://imgur.com/a/J1KfG8w + + +Ges: https://imgur.com/a/iR5uZoK + +GME: https://imgur.com/a/Yp5TwOa +If nothing else, this crash has taught me the value of DCA and taking emotion out of investment logic. Admittedly it does make me laugh somewhat when I see the insane volatility. +Those whole GME / AMC thing seems awesome. I'm loving it. But I'm not getting the concept of why the short sellers aren't just cutting their losses now while theta is chewing the shit out of them and their losses continue to increase. Do they really think the bottom is going to fall out at the last minute...so much that they would risk billions more? I've gotta be missing something here...what is it? +Hi r/Superstonk – we’re so excited to drop our newest LOV collection called [Meta LOV](https://nft.gamestop.com/collection/MetaLOV?r=MCw3MDk4LDU0MA%3D%3D) on the GameStopNFT Marketplace. We wanted to share it with you all on here to discuss our vision and goals with the GameStop Community. IT'S LIVE NOW! How cool would it be for an impact driven veteran run project to top the volume charts… + +&#x200B; + +[Warning MREs are 99&#37; effective in constipation.](https://reddit.com/link/xhni2o/video/5l0b7355kno91/player) + +&#x200B; + +I’m David, Founder and Artist of League of Veterans– an impact focused community aiming to empower and inspire military veterans to explore creative passions and pursuits. We pledge 50% of our profits to creative grants for military veterans. + +Our Goal: We want to give out 1,000 creative grants to veterans. We’ve given out 6 so far and are in the process of giving out 10 more. With more revenue and sales from our NFTs, we’ll continue to build this community and ultimately have a lasting impact on many many more veteran’s lives. + +Here are the 6 creative grant recipients so far! If see more about the grant recipient [HERE](https://www.leagueofveterans.io/creative-grants)! + +&#x200B; + +[Check out our website to see links to our recipients social medias!](https://preview.redd.it/8wfo1wcekno91.png?width=3168&format=png&auto=webp&s=63582455f71895489646e162dd1136d8b0fe41ea) + +We’re so humbled and proud to support these veterans on their creative journey. We' + +&#x200B; + +Here are a few Initial Questions from the Community: + +&#x200B; + +• How did this project come to life, where did the inspiration for it come from? + +As I transitioned out of the Marine Corps after 5 years of service and two overseas deployments I was beyond excited for the next chapter in my life. I was surprised and unprepared for the loss of purpose, community, and belonging I felt following my transition. I was lucky to find immense passion in making art, connecting with other creative veterans, and the innovation and community in the web3 space. I began drawing the artwork rooted in the joy of bringing back such fond memories of the highs and lows of my military experience. As I began to talk to other veterans, I felt that there was a major shortfall in the establishment of a community that supported and mentored veterans following their transitions, specifically in the creative space. I idolized the work of veterans artists Isaac Wright ([Driftershoots](https://www.instagram.com/driftershoots/)), [Anthony Geathers](https://www.instagram.com/anthonybgeathers/), and David Martinez ([inthesemountains](https://www.instagram.com/inthesemountains/)), but didn’t have a connection with them as part of an underlying community. I wanted to change that. I wanted to build a community that helped propel the risk taking and discover of other veteran artists. Those who sacrifice their lives for our freedoms have such a unique perspective and story. I want to highlight that and help bridge the gap between veterans and those who haven’t served. + +&#x200B; + +• How did you find out about the GameStop marketplace and what made you apply? + +In web3 fashion, I reached out to a Veteran and web3 enthusiast on twitter. At the time, I had no idea they worked for GameStop. Ultimately, we hit it off during many meetings and they helped set me up as a Launch Creator for the GameStopNFT marketplace launch. Without them and without the GameStop Community, I don’t know where this project would be. I have been blown away and amazed at the community behind GME. There are such strong similarities between the missions of League of Veterans and the Superstonk community. Just as is hoping to expose and fight against wall street crime and disrupt the top heavy investment system, League of Veterans is giving opportunities through grants and support to veterans, creatives, and artists who’s work and stories haven’t been seen or told to the masses…yet. + +&#x200B; + +• Among all the other projects around what makes yours unique? Is there or will there be some utility attached to your NFTs? + +Behind each NFT is a military veteran who together we’re supporting through creative grants. Through our application and application process we select veterans to receive a $500 grant to help support them on their creative journey. So far, we’ve given out 6 grants ranging from a computer, an airbrush, camera accessories, and a gopro. We’ll continue to give more grants out with half of the project’s profits. There will be greater utility as the project continues to grow and more and more grants are given out. We have great ambitions to connect and share the stories of these grant recipients with LOV NFT owners. It’s you supporters that have made these grants possible. In addition, we also gave a $2,500 donation to the Wounded Warrior Project on behalf of the League of Veterans project. Through ownership, you become part of the League of Veterans family and help give opportunities to those who don’t have them. + +&#x200B; + +• What is your favorite NFT in your collection? Why? + +My favorite NFT from the LOV collection is #787. It reminds me of a good friend of mine I served with! + +[https://nft.gamestop.com/token/0xf7370876f243f1f45477990c352ac395b484dc98/0xb95694d016f9d50b6aeaa4fd999fd3f99fde2cdf90839c9a4fe437263f6a8192](https://nft.gamestop.com/token/0xf7370876f243f1f45477990c352ac395b484dc98/0xb95694d016f9d50b6aeaa4fd999fd3f99fde2cdf90839c9a4fe437263f6a8192) + +[#787](https://preview.redd.it/8bckzg75lno91.png?width=900&format=png&auto=webp&s=1936982c0f00bf507ddebb0b640a15194c0e3cec) + +&#x200B; + +My favorite from the Meta LOV collection has to be the Space Force card. Who doesn’t want to go to the moon. + +[https://nft.gamestop.com/token/0xf7370876f243f1f45477990c352ac395b484dc98/0xfb3d3ba24cec3f5741a2cdd16ba75fd530607cf49dbf85adaf537af1a592ce7c](https://nft.gamestop.com/token/0xf7370876f243f1f45477990c352ac395b484dc98/0xfb3d3ba24cec3f5741a2cdd16ba75fd530607cf49dbf85adaf537af1a592ce7c) + +https://preview.redd.it/0koqw3d8lno91.png?width=3016&format=png&auto=webp&s=5530dbed51a9ba6f0cc6bf636aa8d82f0b5f67d8 + +• Any future projects planned for the GameStop marketplace? + +We’ll continue to build League of Veterans and spread the word with the help of the GameStop Community. As we build things out everything will revolve around our goal of giving out 1,000 grants. More art, more grants, more utility through strategic partnerships! + +We’re incredibly excited to be launching this collection with the GME community. Many fellow Superstonkers have already joined our community and it’s been amazing having an impact on veterans lives because of the GameStop Community. We would love for all of you to join us on this journey, and to join us on our mission to 1,000 creative grants to veterans. I’d love to answer any further questions, and take this opportunity to hear the thoughts of this powerful and passionate community! + +Meta LOV Collection: [https://nft.gamestop.com/collection/MetaLOV?r=MCw3MDk4LDU0MA%3D%3D](https://nft.gamestop.com/collection/MetaLOV?r=MCw3MDk4LDU0MA%3D%3D) + +Discord: [https://discord.gg/Cm5Djv58JJ](https://discord.gg/Cm5Djv58JJ) + +Twitter: [https://twitter.com/LeagueVeterans](https://twitter.com/LeagueVeterans) + +Website: [https://www.leagueofveterans.io/](https://www.leagueofveterans.io/) + +Instagram: [https://www.instagram.com/leagueofveterans/](https://www.instagram.com/leagueofveterans/) +Another horrible experience with them. Dragged on for months, gave me excuses on they couldn’t reach me for documents while both app and the initial sales rep had no problem getting hold of me before I fork over $500 app fee. + +Then they proceed to invalid my condo unit based on going litigation which has been indemnified by management office as being resolved. They refused to refund my application fee. They are just a genpop mass market machine, milking both applicants regardless of their eligibility +https://www.nytimes.com/2017/05/12/your-money/hot-stocks-can-make-you-rich-but-they-probably-wont.html + + >a mere 4 percent of the stocks in the entire market — headed by Exxon Mobil and followed by Apple, General Electric, Microsoft and IBM — accounted for all of the net market returns from 1926 through 2015. By contrast, the most common single result for an individual stock over that period was a return of nearly negative 100 percent — almost a total loss. + + +Been holding it since February. +Been through the high and lows. + +Averaged down as much as I could, holding 2700 shares. + +Had a 4.20$ avg price. Losing faith in the stock, I decided to put a Limit Sell today at 4.10 thinking it would not reach that price anytime soon...Then 10 min before closes, it skyrockets to 4.70$... + +My order executed obviously and I'm sitting here bawling my eyes.... +I've recently sold a share of my business and for the first time in my life I'm now managing much larger amounts of money. I'm hoping fatFIRE can validate some advice about my tax situation this year: + +Today I have $50M invested in VTSAX. I just received another $50M (pre-tax) in cash. I will owe $25M in taxes in April. + +My accountant is advising me to put $25M in a low-risk bond fund until April, and the balance of the new cash ($25M) in equities. His reasons: I don't have the option of continuing to hold the equities if they lose a lot of value, because I must sell enough of the equities in April to cover the tax bill. Also, this strategy guarantees I will have enough to cover the bill. + +The opportunity cost of doing that is roughly $25M * 15% * 6/12 = $1.8M (pretax), where 15% is a placeholder growth rate from investing in equities (based roughly on the last year of VTSAX), and 6/12 is the portion of the year until April taxes. + +My accountant says the downside protection is worth losing out on $1.8M of gain. + +I guess my accountant's key point here is that investing the $25M for six months is a unworthy gamble, because it's only mine for a short time. + +Sound reasonable? + +EDIT: thank you everyone for confirming this advice! +Hey! +I have been seeing tonnes of adverts for apps such as acorn that are designed to get people started on investing, and whilst I dont usually take to advertising, the commercials have had me interested. What I would like to know is what does investment involve, what might I be getting myself into, and are these apps a good place to start? + Hello everyone! +I'm that guy who has become obsessed with 1-minute candles and daily volume. This DD is late, but hopefully worth it. **TA:DR/Summary at end.** + +Obligatory - I am not a financial advisor, this is not, and should not be taken as financial advice. + +My DD is centred on asking why so many 1-minute candles of GME’s day contain more than 1% of that entire day’s volume, which **I will refer to as "Significant Ticks". On extremely high volume days, I will also be discussing "Notable ticks", with 0.5%+ of the daily volume** \- for reference, each of the 390 minutes should contain an average of 0.256% of the daily volume, with maybe a couple of percent being traded in pre and after hours. + +I had originally planned on making a more speculative DD around a couple of theories and estimations on Gamestop’s volume over the last few months - but that’s not how we fucking do it around here. + +Instead, I was contacted by the absolute legend that is u/ChildishForLife \- shoutout to him - who sent me records of every single minute of GME’s trading over the last 6 months and beyond. This includes outside usual market hours, so we are looking at a rather spicy 960 minutes per day, each with Open/Close/High/Low and volume statistics. So naturally, I decided to read through minute-by-minute for: + +The week and a half leading up to and surrounding the January sneeze +The week beginning the 22nd of February, which had some spicy price movement and big boi volume + +And the 5 days leading up to MAR10 day, that famous, famous day I’m sure most of you will remember. + +**I apologise, this DD is absolutely monstrous in terms of sheer length, volume if you will** **^(heh)** +**However, it's all pretty simple, feel free to skip all the tables as I've summed them up after each.** + +Firstly, I will talk through exactly what I saw minute-by-minute of these three events. I’ll give you this spoiler, even at its biggest your volume still looks weird and scares me a little, but now I might have a theory as to why. For veteran apes, this will give you a nice nostalgic walk down memory lane, and for new apes, this will let you imagine what it will be like when the actual squeeze begins. + +&#x200B; + +***Part 1: The January Sneeze*** + +I began looking at the buildup to the sneeze from the 19th of January. The 19th and 20th of January were fairly comparable to how the stock has been for the last year - around 30-40 significant ticks in a day, that is 30-40% of it’s daily volume coming from only 30-40 out of the 390 minutes of the trading day. + +The 19th and 20th of January were no different, and each started out their day with the opening minute representing over 2% of the daily volume. + +Then the 21st comes along. First tick = 0.516% + +Then the 22nd. First tick = 0.3% + +Now here, apes and apettes, is where it gets **Interesting.** + +**22nd of January** + +This day is an important day - it’s the highest volume Gamestop has ever traded in a day - 197 Million shares, roughly 3 times the float at the time. But what if I told you that for the first hour and a half of trading, not a single minute held even close to 1% of that day’s volume? “Well when the fuck did those 197million shares happen then” you ask. +Remember, each minute should have around 0.256% of the day’s volume, so while many of these minutes do not hit the 1% target I usually look for, with a volume as massive as the 22nd, each of these minutes contains at least 900k-1million trades. On the day of writing (6th July), our entire volume for the day was a little over 2.6million. + +Here’s the timeline, Skip past it to the section in **bold after the 4th table for what it all means,** however I think the data is pretty interesting and spent far too many hours on just this one day of data to not include it. + +*Fuck this is a big table, I'll break it up into 4:* + +|Time|Volume (Millions)|Volume (percentage of day's total| +|:-|:-|:-| +|12:16| 1.32 |0.67| +|12:17| 1.29 |0.65| +|12:18-12:23|Each minute contained 750k-999k trades |0.44 average| +|12:24| 1.49 |0.76| +|12:25| 1.06|0.54| +|12:26| 0.932|0.47| +|12:27| 1.18 |0.6| +|12:29| 1.18 |0.6| +|12:30| 1.97 (first 1%) |1| +|12:31| 1.67|0.85| +|12:32| 1.5 |0.76| +|12:33| 1.3 |0.66| +|12:34| 1.2 |0.61| +|12:35| 1.0|0.51| +|12:36| 2.03 |1.03| +|12:37| 1.17 |0.86| +|12:38| 1.58 |0.80| +|12:39| 1.76 |0.89| +|12:40| 1.87 |0.95| +|12:41| 1.70 |0.86| + + +12:42 only contained 23,000 volume as it was subjected to our first - +TRADING HALT +And thank fuck for it as well, it gives me a nice natural break point for the table. Oddly enough, this halt did NOT come as a result of the price moving too much in too short a period of time, honestly I'm not sure why it was halted, parhaps because the volume was so unusually high. + +This would make sense when you see the next minute, 12:47. This minute contained more volume in a single minute than both the 29th and 30th of June had in the whole day. + +&#x200B; + +|Time|Volume (Millions)|Volume (percentage of day's total| +|:-|:-|:-| +|12:47| 2.56 |1.3| +|12:48| 1.80 |0.9| +|12:49| 1.56 |0.79| +|12:50| 1.87 |0.95| + +&#x200B; + +12:51 - 8000 +TRADING HALT #2 +Fuck me, another one? After just 5 minutes? Alright then + +&#x200B; + +|Time|Volume (Millions)|Volume (percentage of day's total| +|:-|:-|:-| +|12:56| 2.35 |1.19| +|12:57| 2.23 |1.13| +|12:58| 1.33 |0.68| +|12:59| 1.48 |0.75| +|13:00| 1.98 |1.01| +|13:01| 1.22 |0.62| +|13:02| 1.00 |0.51| + +TRADING HALT #3 + +Jeez, I'm starting to feel like this stock isn't normal, almost like it's being manipulated or something idk + +*Last table of the day* + +&#x200B; + +|Time|Volume (Millions)|Volume (percentage of day's total| +|:-|:-|:-| +|13:07| 1.06 |0.54| +|13:08| 1.15 |0.58| +|13:09| 1.18 |0.60| +|13:10| 1.39 |0.71| +|13:11| 1.51 |0.77| +|13:12| 1.11 |0.56| +|13:14| 1.2 |0.61| +|13:15| 1.56|0.79| +|13:16| 1.13|0.57| +|13:17| 1.06 |0.54| +|13:18| 1.22 |0.62| +|13:19| 0.978 |0.5| +|13:21| 1.48 |0.75| +|13:22| 1.48 |0.75| +|13:23| 0.970 |0.49| + +&#x200B; + +And thus the crazy run ends. + +Let's recap - +1 hour and 7 minutes. 3x 5-minute trading halts. A total of 51 minutes recorded into these tables with sufficiently high volume to make them worth talking about, 3 minutes with volumes too low to bother recording. + +**51 minutes.** A volume of 70.4 Million spread across them. 28% of the biggest volume day in GME's history, in **51 minutes.** More than the **entire float of GME traded between 12:16 and 13:23 - with 3 trading halts in 51 minutes. These 51 minutes contained the same amount of volume as June 15th - July 2nd.** + +**And on this 197 million volume for the day, the price of a share rose by $22.50.** In fairness, at the start of the day, the price was $42.59, so this was an increase of over 50%, but still. + +&#x200B; + +Now for the rest of the days in January, and the first couple in February. They were ironically less busy, despite having so much price movement, yet in many ways much, much more interesting - buckle up. + +***Into the week of the sneeze*** + +**25th of January** +Open 96 Close 76 High 159 Low 61 + +Volume - 178 Million - 1% = 1.78 Mil + +Our opening minute has a volume of... +82,633 ^(excuse me what the fuck) + +And then, +9:34 - 4.52Million - 2.56% of the day. So that's fucking weird, anyway 35+ notable minutes of very high volume + +&#x200B; + +**26th of January** +Open 88 Close 148 High 150 Low 80 + +Volume - 179 Million - 1% = 1.79 Mil + Opening minute - 2 million (1.12%) + +25+ notable minutes  + +*Now here's where it gets interesting again* + +In the after-hours of the 26th, 10 million shares were traded between 16:00 and 16:52, a further 8 million were traded between 17:00 and 20:00, + +18 Million shares in after-hours, just over 10% of the day's volume. Now that's a signal if ever I've seen one that shit is kicking off. + + +**27th of January** + +Open 354 Close 347 High 380 Low249 + +Open - $354, oh so that's what was kicking off, that's a bit higher than the $148 close +Volume - 93.4 Million - 1% = 934k + + +***Now let's look at the pre market on January 27th*** + +This has to be one of my favourite pictures of all time + +[Minute - Open - High - Low - Close - Volume](https://preview.redd.it/yzpda2d0co971.jpg?width=1242&format=pjpg&auto=webp&s=c789e217c3020e00e527df7070d438155128998f) + +Yeah just your casual price spread of $185.47, no big deal, classic GME am I right? + +At 9:44, we have a volume of 3.1 million - this is the **only tick of the day exceeding 1% of the day's volume. Maybe at $300+ it was getting difficult for them to play with millions of shares each minute?** + + +**28th of January** +Open 265 Close 193 High 483 Low 112 + +Volume - 58.8 million - 1% = 588k + +Fun fact - The price actually hit $508.83 in the pre-market at 7:24am +Even more fun fact - It did this on **barely any volume. I'm talking ticks in the thousands and low tens of thousands.** + +Even EVEN more fun fact - it took **a lot more volume to push the price down to the starting price of the day - we're talking ticks in the high tens of thousands, and low hundreds of thousands.** + +But still, we open at 265, $243 lower than the pre-market peak. +Opening minute - 1.39 million, more than 2% of the day's volume + +Now, on **low volume for the middle of the day (around 50-300k) we climb back up to $483, the official peak of the day (and GME as a stock)** + +***Then it hits*** +The tidal wave of volume. 15 Significant ticks in 2 hours. **10 trading halts in 2 hours.** 50/120 minutes missed from trading halts. 12 million volume in attacks over 70 minutes of trading, more than 20% of the day's volume. **The result: a drop of $300.** + +Now a friendly reminder that 12 million volume is 5 times the volume we have had on each of the last 5 trading days (DD written on 6th July). + +Once we hit the daily low at $112, the volume died out, presumably tapped out of cash for the day, the manipulation stopped and the stock was left to it's own devices. It slowly rose back to $193 to finish out the day on pretty low volume. + +&#x200B; + +**29th of January** +Open 379 Close 325 High 414 Low 250 +Volume - 50 million - 1% = 500k + +Opening minute - 1.2mil (2.4% of day), this pushes the price up to the daily high of 414 +Then, in the first 10 minutes we had 2 significant ticks, each taking the price down by $30 and causing a trading halt ^(remember guys this stock totally is not and never was manipulated) + +We close out the first 10 minutes around $300, down $114 in ten minutes - ooft + +Then we have no significant ticks and the price steadily recovers until +13:34 - 400k shares drop the price $16 + +None for the rest of the day and we close out pretty high - this shit is weak and pathetic, just like the after hours volume + + +**THEN...** + +&#x200B; + +[The weekend came, that's kinda boring huh, can't believe weekends are now the not fun part of the week](https://preview.redd.it/qb4cnkjvjo971.jpg?width=225&format=pjpg&auto=webp&s=8f69a0d82c1a194061b3f9915baac83f2575e1f1) + +AND WE'RE BACK, AND IT'S FEBRUARY + +CAN'T WAIT TO SEE HOW MY FAVOURITE STOCK PERFORM- + +^(oh) + +^(oh no...) + +**1st of February** + Open 316 Close 225 High 322 Low 212 + +Volume - 37.4 million - 1% = 374k + + Opening minute - 1.01 (2.67%) - drops price $26, just shy of the $30 that halts trading ^(sneaky bastards) + +Then we have these 6 hilarious big candles between 10:23 and 10:35, which account for 10% of the whole day, they swing the price between $212 and $257, but after all the dick waving is done, the price only moved $2 (lol, nice 4 million shares fuckheads). + +Then the volume jumps off a cliff and the price slowly saunters down $20 over the rest of the day + +&#x200B; + +**2nd of February** +Open 140 Close 90 High 158 Low 74 + +Apologies in advance, but this one will hurt a bit. The price drops from 175 to 125 in the pre-market, but on extremely low volume. Unfortunately the only conclusion I can draw from this is paperhanders selling off thinking it was over - not to worry though, the damage had been done, and the diamond handed apes prevailed as we all know. + +Also, shoutout to u/LongTimeGamer and his .00 price point stuff, this was the 3rd day in a row with a close ending .00 and even more, from 26/1 to 02/02, out of the 4 measurements (Open Close High Low), each day had an average of 2/4 of these ending .00 +February 1st actually had a High, Low, and Close all ending .00, so yeah that guy was 100% right, and it's been fucked for months. + + + Volume - 78.2 million - 1% = 782k + + +One thing was certain about this day, there was **a lot of fuckery afoot** + +The opening minute had 1.44 million volume, nearly 2% +Out of the first 19 minutes, 6 exceeded 1%, and a further 8 got close +Oh and the other 5 minutes were during a trading halt - so **every minute was important** +The first 19 minutes of the day contained 9.3 million volume - 12% of the day +14 ticks - 12% of the day. + + And thus the price was absolutely butchered down below 100, never to rise again + +The Squeeze was finishe- + +&#x200B; + +[ slàinte everybody](https://i.redd.it/1hh26o8rno971.gif) + +***Part 2 - Deep Fucking Value*** + +**19th of February -** u/DeepFuckingValue **doubles down.** + +Surely that can't affect things too much, right? +The stock is dead, it's at $40, right? + +**22nd of February, first trading day after 19th of February** + Open 46 Close 46 High 48 Low 42 + + Volume - 19.5mil - 1% = 195k + Opening minute - 12,000 +9:34 - 929,466 - 4.77% of the day + +Hey wait I've seen this one before... + +&#x200B; + +[The fuck?](https://preview.redd.it/hpbcknl9po971.png?width=460&format=png&auto=webp&s=fb85bd5e7e35af7a832de15842350e67d142f42f) + +The same minute with super high volume? **Both on T+21 days? Last time this happened, a massive spike followed, that's definitely not going to happen again eh?** + + +Anyway, then we have 16 significant ticks in the day and nothing fucking happens, oh well. + +&#x200B; + +**23rd of February** +Open 44.97 Close 44.97 High 46 Low 40 + +Volume - 7.57million - 1% = 75k + Opening minute 273860 - 3.7% of day  + +10 significant ticks in the next 25 minutes  +And then the volume just fucking dies, like end of June levels of low volume here + + +Oddly however, + +16:32 after hours 91208 - 1.2% of daily volume +16:32-16:34 - 173607 volume, 2.3% in 3 after hours minutes  +Kinda weird - *That's definitely going to be the highest after hours volume we see right? (This is foreshadowing)* + + +**24th of February** + Open 44.70 Close 91.71 low 44.70 high 91.71 (yeah seriously, this day was practically just a straight line up to double the price.)  + +Volume - 83.1million - 1% = 830k +Opening minute - 182k + +No significant minutes until 15:18 - When the price hits $60 for the first time  + +14 significant ticks for about 18% in the final half an hour before a trading halt, price goes up $30. +And we peacefully end the trading day at $91.71, on 43.5 million volume. +"Wait, 43.5 Million? I thought you said 83.1 Million" + + +**11.2 MILLION volume in first 30 mins after close (13.4% of day)** + +**12.2 MILLION volume in next 30 mins after close (14.7% of day)** + +**5.6 MILLION volume 17-17:30 (7.2%)** + +**3.3MILLION 17:31-18:00** + +**1.7MILLION 18:01-18:30** + +**2.1MILLION 18:31-19:00** + +**1.6MILLION 19:01-19:30** + +**1.9MILLION 19:31-20:00** + + +**36.3% of the daily volume came in the first hour and a half of after hours. The price moved from $90-$150**  + +**39.6Million volume in after hours**  + +**48% of the day. Fourty-Eight Percent.** + +&#x200B; + +**25th of February** +Open 169 Close 108 High 184 Low 101 - opening $80 above the previous close due to that insane after hours + +Volume 150 million - 1% = 1.5mil + +Here again we see throughout the day the price rising on low volume, and going down on high volume, perhaps more obviously than any other day. Every single significant tick dropped the price this day, someone clearly was not happy about the after hours rise the day before. + +&#x200B; + +**26th of February** + +Open 117 Close 101 High 143 Low 86  + +Volume - 92 million - 1% = 920k + +No significant ticks, plenty of 0.6%-0.7%, but no massive spikes. I suspect they were tapped out after the 25th, in the end they managed to drop it $16, and didn't manage to finish the week below $100. + +**All of this fuckery, 40 million after hours trades in a day, and at the end of the week the price had** ***more than doubled.*** + +I can't help but feel this is getting quite expensive. + +&#x200B; + +&#x200B; + +Our final intermission before we get to the last section, MAR10 day + +At this point, I could see everything was fucked, but a theory was starting to form, and I needed to check the other big volatile spike before I could say I believed my theory, after all once is an accident, twice is a coincidence, thrice is **BLATANT FUCKING MARKET MANIPULATION.** + +&#x200B; + +***Part 3: Super Mari-oh fuck it's happening again*** + +**4th of March** + Volume - 32.6 Million - 1% = 320k +Around 15 significant ticks + + +**5th of March** + Volume - 30.7 million - 1% = 300k   +Only 5 significant ticks + + +**8th of March** + Open 154 Close 194 High 211 Low 146 + +Volume - 63.6 million - 1% = 630k +Low volume ticks, the price creeps up to $200 where he have our only significant tick of the day at 12:38 - 840k. + +Volume in after-hours is non-existant + +**9th of March** + Open 217 Close 246 High 249 Low 208 + Volume 39.1 Million - 1% = 390k + + **About 100k volume in pre market managed to take the price from after hours close of 197 to open of 217, +$20 on 100k volume - remember how I spoke about how much effort it seemed to take to keep the price low, look at how easy it is to push it higher. Today (6th of July), a 73k candle only pushed the price down $1.13** + +***It is costing them more than it is costing us - and it costs nothing to HODL*** + +There are some more large-ish minutes until the price breaks $230, at which point they stop, and the price rises freely to $246 + +**This is the 3rd time now where a certain price is hit, and all significant minutes stop. In all 3 occasions, these have preceeded a large spike in the price - I think you see where I'm going with this now** + +&#x200B; + +**MAR10 Day** + Open 269 Close 265 High 348 Low 172  +Volume - 71.57M - 1% = 710k + +Pre market - More low volume causing price surges, all the way up to high 290s. Volume picks up and pushes it back to opening 269. + +Not a single significant tick as price climbs up to high of 348. +First significant tick of the day 12:22 - 851k - drops price $30 and triggers trading halt  + +12:28-12:30  +3 significant ticks in a row, the last drops the price $50 +Trading halt 2  + +Significant tick at 12:36 causes drop of $15 +Trading halt 3  + +Trading resumes at 12:41 having dropped a further $30 + +3 further halts occur before 13:00 + +6 halts between 12:22 and 13:00 - in this time, the price moves from $330 to $170 to $270. + + Almost All the day’s significant ticks occurred during this time. More large-ish ticks occur to drop price to $220, before volume dries up and we creep back to the $265 close. + + +**Every time trading resumed after a halt, it resumed at a .00 number.** + +&#x200B; + +&#x200B; + +**AND WE ARE DONE** + +**TA:DR, Summary, and Theories** +I just spent 4 hours alone just typing this up, please read the actual post or I'll cry +Anyway + +**Since as far back as I have checked, in 2020, GME has always had 20-40 1-minute ticks per day worth 1% of the total daily volume. Currently, we are experiencing around 18-20 per day. There have only been 3 times that I can see where these ticks disappeared, before the January sneeze, before the February DFV double down spike, and before MAR10 day.** + +**The significant ticks cut off abruptly in each case, generally when the price reaches a certain level. They then do not return until after the mini squeeze, and come back to hammer the price back down, at a MUCH GREATER COST than it took to get the price up to the high.** + +**It is my opinion that, in all 3 of these cases where the ticks stopped, the manipulators were either margin called, and thus had to stop until they gathered the funds for an all-out attack a couple of days later, or they had to cover their short positions around this time, which made them contribute to the upwards pressure of the stock. I expect it is likely a mix of both in all 3 occasions.** + +**"That's great TaliskerGunn, but haven't you just wasted about 30 hours to find something out we kinda already knew?", see that's what I thought too - but no.** + +**For each of these occasions, the large ticks stop abruptly, after they slowly go down into single figures the few days before. On all 3 occasions*****. I therefore think that, by continuing to monitor how many significant ticks we have each day from now on, if we see the number creeping down into single digits, and then cutting off entirely, it would be reasonable to assume that the manipulation is having to stop again, and that a spike in the price will follow. We may be able to have a few days notice of the rocket taking off in which to load up on any final supplies.*** + +**I will be updating every day on how many ticks we had that day, and you can be fucking sure that I'll make a big deal out of it when we get into single figures.** + +&#x200B; + +&#x200B; + +What I hope this DD has done is changed perspective on how volume will affect the squeeze when it happens. Just having high volume is not what we want, as sometimes (almost all the time actually), **the periods of highest volume have been directly knocking the stock back down.** What we are looking for is **High volume relatively unopposed by the hedgies.** The 9th of March showed us what unopposed volume can do for us, 100k made the stock rise $20 - imagine what will happen when the hedgefunds are liquidated during the squeeze, or are forced to purchase back their shorts - all the volume that was pushing us down will now be pushing us up much, much faster. To repeat: **every mini squeeze we have had has been on the back of significant ticks of volume dropping off - they happen when the hedge funds stop manipulating the stock, and it's easier to see than we previously realised.** + +***If 100k volume in our favour can push us up $20, what do you think 100 Million volume in our favour will do? I guess we'll find out.*** + +Also, this is kind of a cool historical document now, hopefully you all enjoyed reliving the last 6 months as if you were glued to the ticker again. + +See you on the moon + *slàinte* +Hello all, + +I am a casual investor as of right now with my one property. I have been actively looking for a new deal for a few months right now and I just can't seem to find anything that is anywhere near cashflow positive. Maybe its my market but prices have increased so much that the rent I would have to charge is ridiculous. I know people say its always a good time to get into real estate but I really believe now the prices are over inflated on top of the higher interest rates makes finding a good deal harder than its worth. I know there are other ways around finding deals such as off market deals, but I have too many other things going on in my life to be able to find the time to do that. So I have decided to just hoard my cash for the next year or two until the housing market normalizes. This is just my general opinion and I was hoping for any sort of differing opinions on this topic. + +The main reason I have this view is because the Price to Rent ratio is at an all time high, last time it was in this range was 2005-2006. Also with all the talk of recession which I personally believe has a strong possibility of happening, inaction might be the best action. +Hey, long story short, I already have a rental property and am considering buying a second. Here is a screenshot of expected returns [https://ibb.co/DGXywrQ](https://ibb.co/DGXywrQ) (text version below). + +My dilemma is I have the ability to make 8-12% guaranteed returns annually in alternate investments. Yes, guaranteed. + +Is it worth it to invest in this property or stick with the guaranteed return? + +&#x200B; + +If held for 20 years:IRR: 16%Cash on Cash: 543%Cap Rate: 7%Cash Flow $600 + +&#x200B; + +\*EDIT: NOTHING IS GUARANTEED jeeeeez people. Replace guaranteed with highly likely. +I am on the path to fatFIRE and have improved my quality of life by hiring help for various things. One area that I’ve not had great success with is outsourcing meticulous research for small purchases. Any advice here? + +Current example as follows, though some are more complicated than this: I want true wireless noise canceling headphones that don’t go in ear (on ear is fine) and have the best possible mic quality and wind noise mitigation. For the right solution, I’d pay up to maybe $1K for this product. + +When I research something like this myself, I look for subreddits, forums, YouTube videos…etc with other folks as obsessive about detail as myself, search, and post. 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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). +Discord has decided to remain independent, despite a round of high-profile acquisition talks. + +That's according to the Wall Street Journal, which previously reported Discord was on a call with numerous interested parties - and that Microsoft had advanced a $10bn offer to snap up the chat company. + +Discord's thoughts have now reportedly turned to a potential public offering, though Microsoft's eye-watering bid has still been left on the table to be "rekindled" at a later date. + +https://www.eurogamer.net/articles/2021-04-21-discord-ends-acquisition-talks-with-microsoft +TequilaParty is building bridges from the real world to the cryptosphere. + +Latest video with updates on the project : https://youtu.be/qb8yGZK2zkw + +TequilaParty is a genuinely unique project in the crypto space. Why? + +* Tied to a real legal structure (Missouri LLC) +* Doxxed, transparent Dev - Jameson Huckaba (https://www.linkedin.com/in/jamesonhuckaba/) +* Making an actual Tequila in Mexico. +* Working with real artists and non profits - their work tied to the Tequila via NFT. +* Responsive, professional team driving the project forward. +* Proper governance model. + +TequilaParty launched eight weeks ago, and has been making consistent progress in terms of branding and readying the physical product for release. TequilaParty’s Tequila will be distributed initially in the US, Mexico, and Hong Kong. + +* Market Cap: <$300k; + +New Whitepaper just released: http://tequilaparty.space/whitepaper/tpwhitepaper.pdf + +Circle of Incentive: $tequila fuels the Tequila. Tequila supports Artists and original Mexican art, and a non profit that they choose to support. Revenue from the Tequila flows back into $tequila in the form of a structured dividend. + +More on the NFT complement from the dev: +“We’ll commission Mexican artists to design a piece that goes with each bottle; they’ll be very limited editions of artwork. With the sale of the bottle, the NFT is minted, or created, and the contract has a built-in tax - a small percentage (2%) will go to the artist who created the piece. A larger percentage, 8%, will go to the charity or non profit the Artist originally designated. This is all done automatically via SmartContract. We expect that these NFTs could be traded and resold and collected, and with each subsequent transfer, it’s not a one-time donation to this artist or charity, but perpetual, which we hope will make a major difference in their lives.” + +This is a real company making a real product. Huge opportunity. + +Join the best community in crypto on their Telegram. + +* Critical Details * +Network: Smart Chain +Contract: 0xf459693e9f45f432eCB48afE1bD0cCaA4ad82959 +Token Supply: 1,000,000,000,000 +Mint Function: No +Reflect Tax: 2% redistributed to holders +Website: http://tequilaparty.space +Telegram Community: http://t.me/tequilaparty +Twitter: http://twitter.com/TequilaPartyBSC + +#worthashot #cantdrinkashib +I’ve been working with one for a few years but it doesn’t seem like they’re doing anything more than running an analysis on my 401k and recommending options each year. The past year I’ve been investing in a non-qual account which they’re also getting a commission from. To me it doesn’t seem worth it. +https://finance.yahoo.com/news/initial-jobless-claims-week-ended-nov-7-2020-coronavirus-pandemic-191217224.html + +The Labor Department report showed an eleventh straight week that new jobless claims totaled below 1 million. But new claims have not yet broken back below 700,000 since the start of the pandemic and have held sharply above levels from before the outbreak. Throughout 2019, new initial unemployment claims were coming in at an average of just over 200,000 per week. + +Most U.S. states reported declines in unadjusted new claims last week, led by Georgia with a drop of more than 14,000 initial claims. States grappling with rising new COVID-19 cases including Texas, New Jersey, Kentucky and Florida also reported notable decreases in their numbers of new claims. Washington state, on the other hand, saw the biggest leap last week, with new claims rising by more than 10,000. +Posting from Australia. Gas is extortionate, groceries are extortionate, wages haven’t budged. My mom had to borrow a couple grand, and I love her and I’ll always be there for my family. But I have credit card bills to pay, rent to pay, food, etc. I think I’ll be okay but…any tips on making your groceries stretch for as long as possible, I am all ears. + +Thank ya, and pray to whatever deity you believe in that I’ll make it to my next pay day. + +EDIT 1: thanks for the silver! But more than than that, thanks for the advice. A lot of cutting portions (using 300g of meat when recipe calls for 500g), watering down soups, clever ways to preserve food. Thanks for that. I appreciate the hell out of it, but mostly I’m just so fucking annoyed that we’re here doing this. My reality is watering down soup so I can eat 5 meals instead of 3. + +As one commenter advised, I think with a heartless spirit, “eat less”. And I guess they’re right. + +EDIT 2: Someone pointed out I didn’t correctly exchange the amounts. It’s actually about $5.65ish for a gallon of gas here. I’m an idiot, but also it just sucks either way. +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. +Title says it all. We’re a family of seven. Before Covid we thrived without assistance ( besides the kids being on Medicaid, my husband and I have insurance through our jobs ). Sure things were hard sometimes but we could eat three meals a day and not have to worry about not having gas money to get to work. + +Then comes Covid and inflation. I work in a healthcare center so we deal with constant shut downs and hour cuts because of short staffing. Due to this, there are some checks I make a lot more than the next one. Gas is still over $4 in my city right now. Groceries are noticeably more expensive. My husband and I started skipping meals so the children could eat. We spent the last of our savings on a vasectomy for him ( $950 WITH insurance) because I got pregnant with my fifth child with an IUD implant and there’s no way we could let that happen again. We decided to apply for food stamps and we got denied and low and behold they decided to take the Medicaid from the kids too. So now we have to figure out health insurance for 5 kids, groceries, and gas to get to and from work. My car is falling apart and needs Repairs even though I spent $2300 in February fixing it only for it to act up again 6 months later. After our bills we probably have $200 a month left over for ALL of this. We both make over $20 an hour and are considered middle class but it sure doesn’t feel like it. I miss life before Covid. Another job isn’t an option for me because every job I’ve applied for in my field pays less than my current one ( I’ve been there over 7 years) and they also don’t provide the flexibility I need for my kids schedules and school pick up/drop offs. I don’t see how taking a pay cut will help at all. + +My husband and I are considering +divorce to be able to eat and afford insurance for the kids. I hate the dystopian reality we live in. I don’t want to divorce my husband but I have no idea what to do. I just worked a 12 hour shift and I’m starving but the kids need school lunches tomorrow. This is exhausting. + +Edit for Update: I’d like to thank everyone that gave me helpful advice! We are currently looking into applying for WIC as well as my husband got a call for a part time job that will hopefully work around his full time jobs schedule. We are also appealing the Medicaid decision as I believe they miscalculated our income. I’ve decided to disable notifications because a lot of people are berating me for having 5 kids, even though I’ve explained I’ve gotten pregnant on birth control, husband has a vasectomy now, and my first three came from an abusive relationship where I was trapped and almost died when I finally left. It’s pretty easy to judge situations you don’t know about, but I will never be upset when people vent about struggle because most of us have struggled at some point in our lives! I wish the best for everyone and hopefully financial burdens will begin to ease for everyone soon. Thank you all. + +Another Update: the part time job that called was actually my place of employment! They are currently offering a $3000 referral bonus. My manager is very hesitant to have family members working together but I’ve worked for him for almost 8 years and he knows I’ll continue to work hard and not let my husband be a distraction. It will be a great relief for him to get this job and we could use the referral bonus towards gas and groceries the rest of the year, possibly more if we stretch it. Hopefully things will get better soon. +These past 10 days have been quite a downward rollercoaster ride. Pretty much all the Chinese exchange related news has been released and made known of. The worst is over. All time frames on ETH and BTC are essentially over sold. + +ETH has metropolis around the corner and with the Chinese FUD behind us it is safe to say. + +We are ready for T-A-K-E--O-F-F + +- TheChoseonee +Two big Canadian commercial landlords say the majority of their tenants have made April rent payments, providing the first glimpse into the health of the real estate market as scores of businesses are forced to close due to the coronavirus pandemic. + +Eric Carlson of B.C.-based Anthem Properties, which owns $5-billion worth of commercial, industrial and residential real estate in North America, says about 70 per cent of the tenants in his 60 buildings were paid up. + +Ed Sonshine, the CEO of RioCan Real Estate Investment Trust, said “a vast majority" of the REIT’s major national tenants paid the April rent. Meanwhile, two-thirds of his smaller, independent businesses took advantage of a 60-day, interest-free, rent deferral that he offered. + +It’s been a frantic few weeks for dozens of commercial property owners. A number of major players, including Ivanhoe Cambridge, Cadillac Fairview, Oxford Properties and QuadReal, have said they will work with tenants who need rent relief on a one-on-one basis, and a number of retailers and small businesses have not been able to pay given shutdowns caused by the pandemic. + +“This thing has been moving so fast, it makes my head spin,” said Mr. Sonshine, whose REIT is one of Canada’s largest property owners, with malls, shopping plazas, offices and apartments in Toronto and other major cities. + +In Vancouver, Mr. Carlson spends his days in conversations with his team through three large-screen computers to cope with the rapidly changing economic landscape. + +“In the big picture, the economy went to 50 per cent less overnight. We keep trying to compare it to the recession, but it’s not.” + +Ivanhoe Cambridge and Oxford Properties declined to provide numbers on the share of tenants who made their April rent payments. + +Mr. Sonshine said independent tenants – small businesses such as nail salons and restaurants, comprise about 15 per cent of RioCan’s commercial tenants. + +“We have taken the position, right from the beginning of this crisis, almost a month ago, that anybody that asks for a 60-day deferral, we are giving it to them,” he said, and that they would reassess at the end of May. “You have to keep focusing on one thing, leases are a contract and they have to pay rent later or go into some form of bankruptcy. On the independent tenants, we don’t want them to have to make those kind of choices.” + +He said about two-thirds of those tenants took advantage of the 60-day rent deferral. + +“The other one-third, somewhat to my surprise, paid their rents. Maybe a lot of those restaurants are doing fine on takeout. They also realize that sooner or later that rent has to be paid and they did not want to get behind.” + +Mr. Sonshine said 85 per cent of his commercial property tenants are what he calls national tenants, such as Best Buy and Loblaws. His portfolio also includes big names that have been forced to shut down, such as fitness chain Goodlife Fitness and fashion retailer H&M. + +"There are some big companies that did not pay but very few and those quite frankly, we are reminding them that, ‘Guys, you have a contract. Unless you are planning to go broke, you got to pay this.' I frankly expect virtually all of them to pay.” + +He said those who don’t pay could face legal action or eviction. “That will be done on a tenant-by-tenant basis, very thoughtfully,” he said. + +At Anthem, Mr. Carlson said he noticed a range in attitudes among his tenants. Some told him they could not pay the rent at all. Mr. Carlson suspects they were already in financial trouble and the pandemic now gives them an excuse. Another tenant with a small operation promised Mr. Carlson that he’d collect pop bottles to pay his rent if he had to. Still another business, “owned by a high-net-worth family,” told him immediately they wouldn’t pay April rent. + +“I do think there will be a day of reckoning. That arrogant tenant, we’re looking to replace them." + +He’s trying to help those who he thinks really need it. “I have to be stern but friendly. I’m saying ‘What do you need to survive – but don’t take advantage.’ If the tenants do the best they can, we’ll all get through.” + +Both executives are also assessing their own cash-flow situations. Although RioCan did not receive all rent that was due, the REIT says it has more than enough cash flow to meet its financial obligations. “We can ride out this storm,” Mr. Sonshine said. “It is a temporary cash-flow storm.” + +Mr. Carlson said he is conserving and drumming up cash wherever he can. “We have to stretch out our liquidity, we have to be conservative with our cash, to keep everybody happy on the supply side.” + +https://www.theglobeandmail.com/business/article-anthem-properties-riocan-say-majority-of-tenants-have-made-april-rent/ +Two big Canadian commercial landlords say the majority of their tenants have made April rent payments, providing the first glimpse into the health of the real estate market as scores of businesses are forced to close due to the coronavirus pandemic. + +Eric Carlson of B.C.-based Anthem Properties, which owns $5-billion worth of commercial, industrial and residential real estate in North America, says about 70 per cent of the tenants in his 60 buildings were paid up. + +Ed Sonshine, the CEO of RioCan Real Estate Investment Trust, said “a vast majority" of the REIT’s major national tenants paid the April rent. Meanwhile, two-thirds of his smaller, independent businesses took advantage of a 60-day, interest-free, rent deferral that he offered. + +It’s been a frantic few weeks for dozens of commercial property owners. A number of major players, including Ivanhoe Cambridge, Cadillac Fairview, Oxford Properties and QuadReal, have said they will work with tenants who need rent relief on a one-on-one basis, and a number of retailers and small businesses have not been able to pay given shutdowns caused by the pandemic. + +“This thing has been moving so fast, it makes my head spin,” said Mr. Sonshine, whose REIT is one of Canada’s largest property owners, with malls, shopping plazas, offices and apartments in Toronto and other major cities. + +In Vancouver, Mr. Carlson spends his days in conversations with his team through three large-screen computers to cope with the rapidly changing economic landscape. + +“In the big picture, the economy went to 50 per cent less overnight. We keep trying to compare it to the recession, but it’s not.” + +Ivanhoe Cambridge and Oxford Properties declined to provide numbers on the share of tenants who made their April rent payments. + +Mr. Sonshine said independent tenants – small businesses such as nail salons and restaurants, comprise about 15 per cent of RioCan’s commercial tenants. + +“We have taken the position, right from the beginning of this crisis, almost a month ago, that anybody that asks for a 60-day deferral, we are giving it to them,” he said, and that they would reassess at the end of May. “You have to keep focusing on one thing, leases are a contract and they have to pay rent later or go into some form of bankruptcy. On the independent tenants, we don’t want them to have to make those kind of choices.” + +He said about two-thirds of those tenants took advantage of the 60-day rent deferral. + +“The other one-third, somewhat to my surprise, paid their rents. Maybe a lot of those restaurants are doing fine on takeout. They also realize that sooner or later that rent has to be paid and they did not want to get behind.” + +Mr. Sonshine said 85 per cent of his commercial property tenants are what he calls national tenants, such as Best Buy and Loblaws. His portfolio also includes big names that have been forced to shut down, such as fitness chain Goodlife Fitness and fashion retailer H&M. + +"There are some big companies that did not pay but very few and those quite frankly, we are reminding them that, ‘Guys, you have a contract. Unless you are planning to go broke, you got to pay this.' I frankly expect virtually all of them to pay.” + +He said those who don’t pay could face legal action or eviction. “That will be done on a tenant-by-tenant basis, very thoughtfully,” he said. + +At Anthem, Mr. Carlson said he noticed a range in attitudes among his tenants. Some told him they could not pay the rent at all. Mr. Carlson suspects they were already in financial trouble and the pandemic now gives them an excuse. Another tenant with a small operation promised Mr. Carlson that he’d collect pop bottles to pay his rent if he had to. Still another business, “owned by a high-net-worth family,” told him immediately they wouldn’t pay April rent. + +“I do think there will be a day of reckoning. That arrogant tenant, we’re looking to replace them." + +He’s trying to help those who he thinks really need it. “I have to be stern but friendly. I’m saying ‘What do you need to survive – but don’t take advantage.’ If the tenants do the best they can, we’ll all get through.” + +Both executives are also assessing their own cash-flow situations. Although RioCan did not receive all rent that was due, the REIT says it has more than enough cash flow to meet its financial obligations. “We can ride out this storm,” Mr. Sonshine said. “It is a temporary cash-flow storm.” + +Mr. Carlson said he is conserving and drumming up cash wherever he can. “We have to stretch out our liquidity, we have to be conservative with our cash, to keep everybody happy on the supply side.” + +https://www.theglobeandmail.com/business/article-anthem-properties-riocan-say-majority-of-tenants-have-made-april-rent/ +Original Post : [First Duplex](https://www.reddit.com/r/realestateinvesting/comments/mqvevx/happy_to_announce_that_im_graduating_from_tenant/?utm_source=share&utm_medium=web2x&context=3) + +Thank you everyone who commented last, it was very helpful when finding my first tenant. I wanted to share my experiences with my first rental and "house hack". + +I overpaid a lot for this place, unfortunately it was the only option to beat out cash buyers. Not only that but I had to put in about $30k worth of repairs/renovations from the get-go. This is not the market for someone that is low on cash. I recommend waiting if that is the case, or start looking into single family homes. Aside from that, don't be afraid to pay "too much". As long as you do your math first and get a good idea what you'll rent it for, its still a great investment. + +Screen your tenants! Like everyone has said before, this is the most important step. I ended up only taking Zillow applications because it doesn't make sense for someone to pay every time they apply somewhere. Pay once, apply several times. It let me see applications before I even gave them a tour. It saved everyone's time. + +Learn to fix stuff yourself. The only things you CANT do are thing that require two people. In that case, recruit your wife or kids or friends or whoever. This is even more true now than before: Contractors are hard to deal with. They are busy as hell right now and they are charging way more. Don't assume you can't do it. I completely remodeled my own kitchen and bath while I stayed in my side of the duplex. I YouTubed my way through it and saved thousands. Also, if you do your own repairs, you can snoop on your rental and make sure nothing fishy is going on. When I was touring rentals I can't tell you how many beds I saw laid out in basements. If your tenants do something against fire code and someone gets hurt or killed, it will likely fall back on you. + +Another note about contractors: If you are going to use them just to save time, consider using Craigslist. I posted some simple jobs on there and was flooded with responses. I found a couple great people through this. Again, key word is simple. I wouldn't do it for something complex but landscaping or painting is easy enough to hire just about anyone to do. Never pay upfront, pay at the end of the day. It worked great for me because I would work on one task while he worked on something else. I never left them alone on the property. + +Don't be afraid to enforce your own rules. Write a good lease that is clearly worded and has everything spelled out that you do not want happening on your property. Then, don't be afraid to take action if those rules are broken. + +Don't be a slum lord. One of my selling points with people is that I am not a corporation, I am human being that will treat you like one too. Keep up with any repairs as they come by. Don't skirt by on the bare minimum laws in your area. Consider checking up on them via text or email. Take some money off rent if they pay on time every month. Be the change you want to see in how bad of a rep landlords get. + +Thanks everyone! +I purchased a rental duplex in 2018 for $270,000. The initial loan was a conventional 30 year fixed for $200,000 at 5.875% APR. According to the Zestimate, the house is now worth $380,800. Even if the house was worth less, I'd think it would be worth refinancing to get a lower interest rate. + +I called several of the big mortgage refinance companies and was told they are not refinancing rental duplexes due to them being more risky and new Fannie Mae guidelines. When I looked on Bankrate and spoke with local banks/credit unions, some refused to even consider a refinance on a rental duplex and others said closing costs would be 15k-50k rolled into the loan. + +Its not an option for me to owner occupy. Has anyone had success recently refinancing a residential investment property at a reasonable rate and with reasonable closing costs? + [https://imgur.com/a/1tt3vOY](https://imgur.com/a/1tt3vOY) + +Tenant sent me the pic. I went there and knocked on the condo upstairs. + +Sure enough, the old guy's bathroom is flooded. He didnt know what to do, I had to shut off his toilet water pipe. + +But now that it leaked downstairs to my unit, his insurance is gonna pay for the fix, right? +Below is a post i wrote out last night but never posted. + +*************************************************** + +My SO has been a contractor (under a recruiting company) as a marketer for a very very large marketing software company. After nearly a year there and three times being promised she would be converted to full time only to have her contract extended she finally got the offer to become full time recently. + +She knew this was coming so her and i practiced mock salary negotiations where i would pretend to be her employer and she would state her case for X salary and i would counter and she would counter with more explanation of why she deserves what she wants. + +Things all came together yesterday when she got the offer and she asked for her high-ball starting salary negotiation fully expecting to be met with a much lower counter.... turns out her company just gave it to her (probably because she has been working her ass off and they know how productive she is). This is a 50% salary increase and brings her salary up to basically where i am at ( i started in the job market with my masters in a tech field, she started with her undergrad two years before me so this isn't shocking - especially for the area - but still a huge jump in her salary). + +I am ecstatic for her. She has always been a very frugal person because she grew up with not a lot of money (as did i, which is why we work great together). I have been scared to tell her about FI because I didn't want to show her my plans for FI and my large savings rate and have her compare her situation to mine and be discouraged. + +Although we are both frugal i have different priorities than her; she wants to travel more than I do - I don't have that urge. I do plan to travel with her a little and have been budgeting some savings for travel. But as a result of me clearly not being as interested in travel as her it makes it seem like i'm a little bit of a miser because i just stash the extra money i don't spend on the luxury experiences in investments. + +I still treat myself plenty, but between me, my housemates and her i am definitely seen as the "cheapest" because I will often not purchase something in the whim of the moment as my housemates often do. + +I dont think she views me as a miser but my housemates definitely do. Their view as me as a 'miser' never bothered me before because i was able to match my SO's spending because she didn't spend a ton on luxury experiences (and thought out each one very carefully) but i am fearful that with her newfound wealth she is going to want to buy more luxury experiences (specifically experiences like travel and concerts) and i will feel the pressure to 'keep up' because she will want to do these things with me. + +It isn't that i don't want to have these experiences but i feel like she is scared of "wasting' her 20's" by not going on lots of travel and is going to overdo it and i don't want to be the nay-sayer to her desires to have these experiences but i also do not want to compromise my own budget with a ton of extra expenses. I have planned out what i believe is a solid chunk of money to be used on travel/concerts/experiences and i don't want to be pushed past that; especially because travel in particular is pretty stressful to me, i enjoy it plenty but i am also on-edge while enjoying it. + +Now that she is making a lot more i really want to tell her about FI and tell her how if we do it properly neither of us would have to worry about money for most of our lives giving us more time to travel or just do what we want (including work if thats what she wants to continue doing). I want to tell her how FI opens up doors for her and that she can be on a track to hit FI much earlier than many people. + +Although i know she is a frugal person i am scared that lifestyle creep will grab her, she has never had this much money in her life and she is about to going from only saving 15% of her salary to her 401k (but still saving a decent bit more, socking it away in the bank which i've been trying lately to tell her isn't a great idea) to being able to max out her 401k, IRA, HSA, and still be able to put some in taxable - if she chooses to save this much.. + +What is the best way to get her to understand the benefits of FI without me coming off as a miser? + + +*************************************************** + +Above was a post that i wrote out last night but didn't post. + +As we were getting ready for bed she was so excited about her raise she started talking about how she can treat herself to lunch meats at costco (her idea of splurging haha). + +I said "i want to show you something" and opened up my spreadsheet of potential target FI dates with their relative annual incomes at 4% SWR. I told her that this is my dream, I told her that the one thing in life that I can't purchase is time and that i want to spend as much of my life enjoying the time i have on this planet with her and all the other people in my life i love, as well as all the things in my life i love to do. + +I was fearful she would think i was a miser or that i had unrealistic dreams. Instead she started happy crying and telling me about how great of a life we could have and that she is both impressed with my knowledge of FI and extremely supportive of my goals. I continued to tell her that I don't necessarily plan to retire at any specific age, just that i want to never have to worry about money again. Growing up there were times i wondered where my family would get money for my next meal and that I never want to be in the situation again, and I have the means to do so. + +She immediately began showing me the new benefits she has (401k, HSA, monthly wellness allowance, etc) and i told her we can plan it all out and start spreadsheets for tracking her progress if she so wants. She has been meaning to make a budget but hasn't gotten around to it yet (as a frugal person she never really 'needed' a budget but thinks it's good to know where her money is going - this is exactly my perspective too). We are planning to start her Roth IRA next week and she has more than enough in savings to just drop in the maximum contribution and still have well over 6 months of E fund - she might move some of that into taxable. + +I don't think she is going to be as aggressively FI as me, but she is extremely supportive of my goals and i know she has at least some interest in learning more about it herself. We still obviously have plans to travel and enjoy experiences together, but my fear that she will want to suddenly spend a ton more on travel/concerts/etc and expect me to spend the same has settled. I should have known she isn't a different person now just because she is making more, but i've read all too many stories of how lifestyle creep gets people; especially when a large change in salary happens. + +Last night was one of the best nights of my life. +This may not be the right place to ask this question but it's frustrating to have to wait for a trade or bank deposit to clear. So why with the technology we have today are we still relying on human beings? + +Edit: wow this blew up, thanks for all your responses!!! I was just venting because it seemed stupid to have banks or markets close the same time you get off work +A few months ago there was a thread on luxury anti-aging/beauty products with some good recommendations like eating higher quality food and trying out the Deciem skincare line. Taking this a step further, has anyone had experience with slightly more dramatic measures? Botox / collagen injections? Chemical peels? Full on plastic surgery? CoolSculpting? I’m interested in exploring various options but not sure where to start. Is this something that a dermatologist / plastic surgeon would advise on? +I don't know if it already has spread the word around here, but it seems like a huge Chinese ponzi which owned 70k BTC and 800k ETH was dumping massively their coins. Highly recommended Twitter thread! /u/jtnichol /u/DCinvestor + +[https://twitter.com/DoveyWan/status/1161703117835997185](https://twitter.com/DoveyWan/status/1161703117835997185) +Buffet recently said at the BKR annual meeting that Bitcoin is likely to go to zero and he wouldn’t pay $25 for all the supply of it. I completely get being against btc and thinking it’ll go down significantly in value. I understand that the crypto craze is a product of US monetary policy creating high market liquidity and unnaturally low interest rates, and I personally think it’ll go down significantly but I can’t understand why he thinks it will go to zero. Can someone explain that? The only rationale I could think of is every government banning it. +1. I don't know HOW people fail to understand this,And how many times I'd have to repeat it.-Technical Analysis STOPS WORKING around a big news,No point performing the TA of a stock that's about to release their earnings report that day. +EDIT: Part 2 : Electric Bugaloo here: https://www.reddit.com/r/investing/comments/ft5nmf/the_11_sectors_of_the_stock_market_part_2/ + +The stock market is often broken up into a few different categories that gives a general overall look at the economy. With the markets recent crash, the next few months will have some great buying opportunities for a lot of industries. + +One of the easiest ways to invest is through ETFs. Below are some of the different industries that make up the entire economy. I have listed some ETFs that I believe are some of the best ones for each category. Check them out and let me know what other good ones I missed. + +\--------------- + +\-- **Technology** \-- + +The technology sector consists of electronics manufacturers, software developers and information technology firms. In general, these businesses are driven by upgrade cycles and the general health of the economy, although growth has been robust over the years. + +* **First Trust Dow Jones Index (**[$FDN](https://robinhood.com/stocks/FDN)**)** +* **Vanguard Information Tech Index (**[$VGT](https://robinhood.com/stocks/VGT)**)** + +\--------------- + +\-- **Utilities** \-- + +The utilities sector consists of electric, gas and water companies as well as integrated providers. In general, the sector generates consistent recurring income by charging consumers and businesses that provide higher-than-average dividend yields. + +* **iShares S&amp;P Global Infrastructure ETF (**[$IGF](https://robinhood.com/stocks/IGF)**)** +* **Vanguard Utilities ETF (**[$VPU](https://robinhood.com/stocks/VPU)**)** + +\--------------- + +\-- **Healthcare** \-- + +The healthcare sector consists of biotechnology companies, hospital management firms, medical device manufacturers and many others. In general, the sector is considered to be both a growth opportunity and defensive play since people will always require medical aid. + +* **iShares NASDAQ Biotechnology ETF (**[$IBB](https://robinhood.com/stocks/IBB)**)** +* **Vanguard Health Care ETF (**[$VHT](https://robinhood.com/stocks/VHT)**)** + +\--------------- + +\-- **Industrials** \-- + +The industrial sector consists of aerospace, defense, machinery, construction, fabrication and manufacturing companies. In general, the industry’s growth is driven by demand for building construction and manufactured products like agricultural equipment. + +* **iShares Transportation Average ETF (**[$IYT](https://robinhood.com/stocks/IYT)**)** +* **Vanguard Industrials ETF (**[$VIS](https://robinhood.com/stocks/VIS)**)** + +\--------------- + +\-- **Telecom** \-- + +The telecom sector consists of wireless providers, cable companies, internet service providers and satellite companies, among others. In general, these companies generate recurring revenue from consumers, but some subsets of the industry are facing rapid change. + +* **iShares U.S. Telecommunications (**[$IYZ](https://robinhood.com/stocks/IYZ)**)** +* **Vanguard Communication Services (**[$VOX](https://robinhood.com/stocks/VOX)**)** + +\--------------- + +\-- **Energy** \-- + +The energy sector consists of oil and gas exploration and production companies, as well as integrated power firms, refineries and other operations. In general, these companies generate revenue that’s tied to the price of crude oil, natural gas and other commodities. + +* **Alerian MLP (**[$AMLP](https://robinhood.com/stocks/AMLP)**)** +* **Vanguard Energy (**[$VDE](https://robinhood.com/stocks/VDE)**)** + +\--------------- + +\-- **Consumer Staples** \-- + +The consumer staples sector consists of food and beverage companies as well as companies that create products consumers are unwilling to cut from their budgets. In general, these companies are defensive plays capable of withstanding an economic downturn. + +* **First Trust Cons. Staples AlphaDEX (**[$FXG](https://robinhood.com/stocks/FXG)**)** +* **Vanguard Consumer Staples (**[$VDC](https://robinhood.com/stocks/VDC)**)** + +\--------------- + +\-- **Materials** \-- + +The materials sector consists of mining, refining, chemical, forestry and related companies that are focused on discovering and developing raw materials. Since these companies are at the beginning of the supply chain, they are vulnerable to changes in the business cycle. + +* **VanEck Vectors Gold Miners (**[$GDX](https://robinhood.com/stocks/GDX)**)** +* **iShares U.S. Home Construction (**[$ITB](https://robinhood.com/stocks/ITB)**)** +* **Materials Select Sector SPDR (**[$XLB](https://robinhood.com/stocks/XLB)**)** + +\--------------- + +\-- **Consumer Discretionary** \-- + +The consumer discretionary sector consists of retailers, media companies, consumer service providers, apparel companies and consumer durables. In general, these companies benefit from an improving economy when consumer spending accelerates. + +* **Vanguard Consumer Discretion (**[$VCR](https://robinhood.com/stocks/VCR)**)** + +\--------------- + +\-- **Financials** \-- + +The financial sector consists of banks, investment funds, insurance companies and real estate firms, among others. In general, the majority of the revenue generated by the sector comes from mortgages and loans that gain value as interest rates rise. + +* **SPDR S&amp;P Bank (**[$KBE](https://robinhood.com/stocks/KBE)**)** +* **Vanguard Financials (**[$VFH](https://robinhood.com/stocks/VFH)**)** + +\--------------- + +\-- **Real Estate** \-- + +The real estate sector consists of companies invested in residential, industrial, and retail real estate. The main source of revenue for these companies comes from rent income and real estate capital appreciation. As a result, this sector is sensitive to interest rate changes. + +* **Vanguard Global ex-U.S. Real Estate ETF (**[$VNQI](https://robinhood.com/stocks/VNQI)**)** +* **Schwab US REIT (**[$SCHH](https://robinhood.com/stocks/SCHH)**)** +* **Vanguard Real Estate (**[$VNQ](https://robinhood.com/stocks/VNQ)**)** + +\--------------- + +I plan on buying these ETFs every week after the next sell off 50/50 or 33/33/33 for each sector. And allocating my total percents as: + +Technology - 25% +Utilities - 18% +Healthcare - 16% +Industrials - 10% +Telecom - 10% +Energy - 9% +Consumer Staples - 3% +Materials - 3% +Consumer Discretionary - 2% +Financials - 2% +Real Estate - 2% + +M1 Finance Pie with all this added: [https://m1.finance/-30zYl69\_AG0](https://m1.finance/-30zYl69_AG0) + + +Sources: [https://etfdb.com/etf-education/the-10-sectors-of-the-stock-market/](https://etfdb.com/etf-education/the-10-sectors-of-the-stock-market/) + +EDIT: Part 2 : Electric Bugaloo here: https://www.reddit.com/r/investing/comments/ft5nmf/the_11_sectors_of_the_stock_market_part_2/ +I bought 15 at ~$500. Sold today @ $15k. + +It feels good to pay off my mortgage! I know I should HODL, but getting the debt gorilla off my back was too big of a temptation to resist. + +But I'm sure I'll regret it 10 years from now. Or sooner. +Hi all, i'm a Python programmer with a basic trading experience. I wonder if anyone has experience using sklearn plus some indicators, like RSI or Bollinger Bands. +Worth trying? + +Thx + +Edit: sorry i didn't explain well what i intend to do. My intention is not to predict the market. I want to feed my algo with market indicators AND add a column to the data frame with my personal input about when to buy and sell. Imagine, 1=do nothing,2=buy signal,3=sell signal. Data to this column would have to be add manually based on my personal observation on the candle graphic. +Hello all, + +I'm interested about algorithmic trading: I know nothing of trading but I'm proficient in python and my stats, although rusty now, were not bad at one time. + +Of course, I plan to learn trading at my pace, and don't plan to spend more money that I can afford to loose (which is frankly not a lot). So I want to start by training myself on historical data and live data, but with real fees, transaction costs, transaction time etc. + +However what interest me the most is the algorithmic part of the work, not building the infrastructure around, so I would like to use an existing tool or a tutorial explaining how to get these information from a broker. Ideally the broker would provide a demo account allowing me to interact through an API as if it was a real account. Does that even exist ? + +Since I do not really expect to make money, I can pay a little for a service but not too much. + +I'm in Europe if it can help + +Thanks ! +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 ? +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! + +> The Fed announced on Friday that it will allow the nation’s largest banks to resume share buybacks in the first quarter of 2021 subject to certain rules. +> +> The partial relaxation of its buyback ban came after the Fed’s second round of stress tests in 2020. +> +> JPMorgan Chase announced in the minutes after the Fed’s test results that its board had approved a new share repurchase program of $30 billion. + +[CNBC](https://www.cnbc.com/2020/12/18/fed-to-allow-big-banks-to-resume-share-buybacks-with-limitations.html) + +> *JPMORGAN TO BUY BACK $30B SHARES; TO MAINTAIN DIVIDEND + + +https://twitter.com/Investingcom/status/1340060702678106112 + + +This honestly seems kinda ridiculous that they would allow banks to resume buybacks considering the shape of the economy right now. +The current bearish news cycle about China and Elon is temporary, like any news cycle. But this is not the end of the bull run. There is too much good news right around the corner. Here’s a snapshot of what’s to come and why it’s worth waiting for: + +• This month - Bitcoin network implements the Taproot upgrade, laying the foundation for Bitcoin-native smart contracts and DApps. Expect to be reading about new progress in Bitcoin DeFi in the months and years ahead. + +• July 2021 - Ethereum network implements the EIP 1559 upgrade, lowering transaction fees and drastically reducing supply issuance. This very likely creates a supply shock that drives Ethereum price up. Expect massive FOMO before and after this upgrade. + +• Latter half of 2021 - ZKRollups and Optimistic Rollups being productized in major Ethereum DApps to drastically reduce transaction fees. Uniswap is already publicly beta testing use of Optimistic. + +• Late 2021 - Institutional adoption news will continue to break and might include Bitcoin and Ethereum ETFs, updates on Visa’s Ethereum based crypto platform (announced last March), and much more. + +• On-going all year - Inflation across the planet driven by pandemic monetary policy that is compelling trillions of dollars of global wealth to clamor for safe haven assets. + +There’s a bright future just beyond this minor bump. China’s crackdown on crypto in advance of their launch of Digital Yuan was always expected, and their restriction on mining is great news for Bitcoin, reducing the mining concentration in Sichuan that has long been a concern among Bitcoin critics. As for the Elon sideshow, I’ve always thought the cars that Tesla employees engineer are better than the tweets their boss manufactures. The Bitcoin bull run started before Tesla bought and will continue after. + +Keep calm and buy the dip. +Hello, + +On Friday I sign my contract with Morton Buildings for a 40 x 140ft mini storage building. I will have 22 10x20 units, and 8 10x10 units. + +Is there anything you wish you would have done differently when you built your units? +$53 medication rung up at the counter at $18. I almost said something. My hands were shaking as I unlocked my phone to pay. + +But I was down to my last $150 and if I have to choose between ripping off a nation wide pharmacy or being able to buy more groceries then I chose me. +I've read a lot of posts on here about people taking what I would consider to be insane privacy measures, whether it be using a PO Box, purchasing a home in the name of an LLC as to shield your name from public view, etc. But what about most of the billionaires out there? Take Mark Cuban or Ken Griffin or Jeff Bezos... their names, faces, addresses, and pictures of their homes are all over the Internet for anyone to see... how are they getting by, but people on here feel the need to go to such extreme caution? +# Self-Regulatory Organization (SRO) Rulemaking and National Market System (NMS) Plans: + +* C2: [Notice of Filing and Immediate Effectiveness of a Proposed Rule Change to Amend its Fees Schedule Relating to the Options Regulatory Fee](https://www.sec.gov/rules/sro/c2/2021/34-92596.pdf) (Release No. 34-92596; File No. SR-C2-2021-012; August 6, 2021); see also [Exhibit 5](https://www.sec.gov/rules/sro/c2/2021/34-92596-ex5.pdf) +* CBOE: [Notice of Filing of a Proposed Rule Change to Amend Certain Rules to Accommodate the Listing and Trading of Micro FLEX Index Options and to Make Other Clarifying and Nonsubstantive Changes](https://www.sec.gov/rules/sro/cboe/2021/34-92599.pdf) (Release No. 34-92599; File No. SR-CBOE-2021-041; August 6, 2021); see also [Exhibit 5](https://www.sec.gov/rules/sro/cboe/2021/34-92599-ex5.pdf) +* CBOE: [Notice of Filing and Immediate Effectiveness of a Proposed Rule Change to Amend its Fees Schedule Relating to the Options Regulatory Fee](https://www.sec.gov/rules/sro/cboe/2021/34-92597.pdf) (Release No. 34-92597; File No. SR-CBOE-2021-044; August 6, 2021); see also [Exhibit 5](https://www.sec.gov/rules/sro/cboe/2021/34-92597-ex5.pdf) +* CboeBZX: [Notice of Designation of a Longer Period for Commission Action on Proceedings to Determine Whether to Approve or Disapprove a Proposed Rule Change to Allow Invesco Focused Discovery Growth ETF and Invesco Select Growth ETF to Strike and Publish Multiple Intraday Net Asset Values](https://www.sec.gov/rules/sro/cboebzx/2021/34-92594.pdf) (Release No. 34-92594; File No. SR-CboeBZX-2021-014; August 6, 2021) +* CboeEDGX: [Notice of Filing and Immediate Effectiveness of a Proposed Rule Change to Amend its Fee Schedule](https://www.sec.gov/rules/sro/cboeedgx/2021/34-92593.pdf) (Release No. 34-92593; File No. SR-CboeEDGX-2021-036; August 6, 2021); see also [Exhibit 5](https://www.sec.gov/rules/sro/cboeedgx/2021/34-92593-ex5.pdf) +* NASDAQ: [Notice of Filing and Immediate Effectiveness of Proposed Rule Change to Amend NOM's Options Regulatory Fee](https://www.sec.gov/rules/sro/nasdaq/2021/34-92600.pdf) (Release No. 34-92600; File No. SR-NASDAQ-2021-057; August 6, 2021); see also [Exhibit 5](https://www.sec.gov/rules/sro/nasdaq/2021/34-92600-ex5.pdf) +* NASDAQ: [Order Approving Proposed Rule Changes, as Modified by Amendments No. 1, to Adopt Listing Rules Related to Board Diversity and to Offer Certain Listed Companies Access to a Complimentary Board Recruiting Service](https://www.sec.gov/rules/sro/nasdaq/2021/34-92590.pdf) (Release No. 34-92590; File Nos. SR-NASDAQ-2020-081, SR-NASDAQ-2020-082; August 6, 2021) +* NMS: [Order Approving, as Modified, a National Market System Plan Regarding Consolidated Equity Market Data](https://www.sec.gov/rules/sro/nms/2021/34-92586.pdf) (Release No. 34-92586; File No. 4-757) +* NYSEAMER: [Notice of Filing and Immediate Effectiveness of Proposed Change to amend the NYSE American Equities Price List and Fee Schedule](https://www.sec.gov/rules/sro/nyseamer/2021/34-92592.pdf) (Release No. 34-92592; File No. SR-NYSEAMER-2021-35; August 6, 2021); see also [Exhibit 5](https://www.sec.gov/rules/sro/nyseamer/2021/34-92592-ex5.pdf) +* NYSE Arca: [Notice of Filing of Proposed Rule Change to Amend Rule 8.601-E (Active Proxy Portfolio Shares) to Provide for the Use of Custom Baskets](https://www.sec.gov/rules/sro/nysearca/2021/34-92595.pdf) (Release No. 34-92595; File No. SR-NYSEArca-2021-64; August 6, 2021); see also [Exhibit 5](https://www.sec.gov/rules/sro/nysearca/2021/34-92595-ex5.pdf) + +[ They're trying to bury Apes in paperwork! ](https://reddit.com/link/ozigm8/video/n4gg2l8estf71/player) + +&#x200B; +I've seen my old man go from chronically stressed to relaxed and peaceful after taking a less intense job that he finds more interesting. He's earning 100k per year less now but he also has time to eat breathe and shit...and play guitar again, and go on hikes on the weekend, and rekindled the relationship with my mum (Who was on the brink of leaving him since he was a miserable c\*nt). + +I don't handle stress well. Straight up, I know they say money and discipline = freedom but the year where I was earning well and working 60-70 hours per week I felt oppressed and imprisoned, bored of the work and I was daydreaming about working 40 hours per week in a music store, or being a dole bludger for that matter. I quit and pursued a completely different career (physiotheraphy) which didn't end up working out for other reasons. Some friends told me I threw away my opportunity but I don't see it that way. + +I know I won't be able to afford a beemer or a house along the waterfront, or finance more than one kid or go on 4 month holidays around the world (unless my partner earns big $)... but at this point in time I would prefer a job that allows me to have some time to myself every day, allows me to continue reading, pursuing hobbies, seeing friends, connecting with nature etc. + +I'm not criticising people who are more work or money oriented but I never have been. + +I feel like that might just be my nature, but it might be because I've never worked in an area I'm interested in - but doing so would require me to return and study for 5 or so years (psychology). Or maybe I'm just entitled. Or maybe it's a combination. + +&#x200B; + +TL;DR + +Anyway I've got a few questions if you feel like answering any + +1. **How important do you think it is to be passionate about the work you do? Can you even perform well sustainably if you don't really have any interest in your work?** +2. **Are you aware of any jobs with a genuinely good work life balance that pay decently well?** +3. **How do you put up with a job that overworks you or leaves you too drained to enjoy the other areas of your life? People suggest doing it for a few years but even that seems unbearable** +I went from being homeless in January and broke as hell, working two jobs with no days off up until the middle of March and now I get to stay in my apartment, relax and take a breathe. Since COVID started I went from living paycheck to paycheck to now having the next two months of rent paid off, 1k in my checking and 1k in my savings. I’m going to use my savings $$ to go and get a certificate for medical billing and coding and I’m so blessed my life has turned around so fast. +I saw this story pop up, and wanted to point something out to the community. + +Kenny is suddenly donating far more to political races than ever before. I think this primarily because he wants to make any scrutiny into his crimes a "political attack", and to buy more influence while he still can. + +Don't take the bait. Don't argue the politics. Don't make it about how all of this team or that team is criminal. Don't write it off as "all politicians are criminals" either. + +Simply: we can't let politics color our perception of Kenny. We already have a sense of the magnitude of his crimes, we can't let his political stunts have *any* impact on our views of him. + +This is especially important if you're talking politics with people *in your same party*. Staunch Reds and staunch Blues rarely convince anyone outside the party of anything. But, if you're talking about the issues with people who *share* your party, your word has significantly more weight when you say, "The SEC & DOJ cracking down on him has nothing to do with politics. He committed massive crimes and deserves to be held to justice, full stop." + +[Billionaire Ken Griffin pushes Illinois GOP to back his slate of candidates for 2022, with Aurora mayor potentially filling the slot for governor, sources say](https://www.chicagotribune.com/politics/ct-illinois-republican-ken-griffin-20211216-w32sdsgucnfzhbjb6yfs72qynq-story.html) +$SENSIBLE - New Rapidly Growing 500k Market Cap bsc token - Its looking even more easy to get a 100x with the holders increasing by the SECONDS! + +&#x200B; + +\[Check the chart\] - [https://poocoin.app/tokens/0x7374d161a4a281b7fc817b8ff7cf778a4004f109](https://poocoin.app/tokens/0x7374d161a4a281b7fc817b8ff7cf778a4004f109) + +&#x200B; + +============================= + +&#x200B; + +* 500k MCAP and rising fast +* 5% of each transaction is distributed to holders +* 5% of each transaction is put into liquidity +* 70% of tokens burnt + +&#x200B; + +[**Sensible.finance**](https://sensible.finance/)is a deflationary token built on the Binance smart chain. They have big plans for the future and has big potential. It's launched barely a few hours ago, and it keeps reaching higher highs and higher lows. + +&#x200B; + +Dev burnt all his tokens and over 75% of the supply is burnt. They are aiming to get listed on exchanges like WhiteBIT and hotbit. Since it’s such a small market cap it’s worth a shot to throw some money at. The burn for tokens is here [https://bscscan.com/tx/0xf08dfef0f673e4d185dd12383d132a662ad73cfc8450891f90a713f06b3714da](https://bscscan.com/tx/0xf08dfef0f673e4d185dd12383d132a662ad73cfc8450891f90a713f06b3714da) + +&#x200B; + +**Links:** + +[https://exchange.pancakeswap.finance/#/swap?outputCurrency=0x7374d161a4a281b7fc817b8ff7cf778a4004f109](https://exchange.pancakeswap.finance/#/swap?outputCurrency=0x7374d161a4a281b7fc817b8ff7cf778a4004f109) + +[https://poocoin.app/tokens/0x7374d161a4a281b7fc817b8ff7cf778a4004f109](https://poocoin.app/tokens/0x7374d161a4a281b7fc817b8ff7cf778a4004f109) + +[https://sensible.finance/](https://sensible.finance/) +I’m just really jacked up right now lol. Every position is gone (except for one share in a company I will never sell to “remind me” of a bad decision lol) and I’m completely all in on GME. The thing is, it’s not just about the short interest or the craziness of the situation regarding decades of corruption between banks, hedge funds, and the fed. I truly believe in the man. Ryan Cohen. I am absolutely certain he will shape GameStop into something far beyond what we’re expecting to see in the company. He’s a god damn genius, and my only regret is I didn’t see it sooner and go all in at a more attractive price point. Regardless, I’m all in now. + +Let’s fucking go baby!!! +I usually only post GME related items but there's been a lot of misinformation/FUD on the unrealized gains tax in the comments sections lately. The Unrealized gains tax is not for you, it's for less than 1,000 billionaires only. + + https://www.google.com/amp/s/www.wsj.com/amp/articles/tax-on-billionaires-unrealized-gains-will-likely-be-in-budget-package-democrats-say-11635096384 + + +"The tax is expected to affect people with $1 billion in assets or $100 million in income for three consecutive years" + +Why would they do this you might ask? Well BadassTrader has this AWESOME DD series called Billionaire Boys Club. I'd suggest reading all of them. In the one linked below you can see that a lot of billionaires avoid taxes by buying shares, NEVER SELLING, taking out loans and then dying. + +How do they spend money then? They buy their stocks (and never sell), they borrow money from banks (no tax on a loan given to you) using their stock as collateral without selling them, and then they die. + + +https://www.reddit.com/r/Superstonk/comments/p7nl7y/billionaire_boys_clib_episode_11_bbc_billionaire/ + + +If you see anyone spreading misinformation/FUD on this please link BadassTrader's post to them. My fear is that shills could potentially spread misinformation to people making them want to sell before end of the year to avoid big tax bills +So I’ve got around $40k to invest that I would like to get generating some passive income for me. I’ve currently got about $8k in SCHD (45%) VTI (25%) two REITS (7%) and stocks (23%) with about 20 total holdings. + +A friend of mine suggested putting the $40k into QYLD and letting the dividend buy the other stocks on a monthly basis. He views it as a dollar-cost-averaging approach for the current portfolio listed above. + +I’m 24M and plan on using this portfolio to supplement my income at some point in my life, but I’m not sure when that would happen. I just started investing in dividend stocks and discovered this sub which has taught me a lot and has helped me select my starting portfolio. I would also contribute to this portfolio in addition to my retirement savings. Obviously the tax implications of QYLD’s income would need to be considered. + +Hopefully you intelligent individuals can offer some help. If it was that simple of a plan, everyone would do it right? +Edit: Thanks so much everyone who commented, I received so many great tips I can put to use! I really appreciate this community. Hopefully I can be as helpful as you all! +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!! 💎🙌🦍🦧🚀🚀🚀🚀🌙🌌🌌 +After two and a half years of liberal arts college in NYC, my parents informed me that they'd been deferring payment instead of making payments to my school. Now I'm not allowed to continue until I pay back about $30,000. The worst part is they have my transcripts locked, so i can't transfer or start over at a cheaper state school. I'm a barista at a local coffee shop, I'm only getting about 25 hrs a week at $6.50 an hour plus tips (usually about $20 a shift). Honestly I have no idea what to do or how to take on this mountain of debt. I'd really like a college degree but now I don't really see it happening. + +Edit:I have a friend in this exact situation, equally as clueless, so count this as advice for two people. + +Edit 2: Thank you guys so much for the advice, I'm looking into a lot of what you guys are saying. I understand I was sort of vague, so to clear up some talking points: I'm currently a barista BACK IN TN. not in NYC. I AM living with my father because idon't make enough to pay rent. It was not a PLUS loan. Also about a year has passed since i found out, wherein I did a lot of things. I'm not lying. K. Thank you. +What emergency fund are you most comfortable with in terms of size? 1 month, 3-6 months, more? I took the “wrong” approach and aggressively paid off all my student loans out of college before creating an emergency fund. Now that I am in a position to do so, I’m looking to build mine. I’m thinking 3 months minimum, potentially up to 6 months. I’m in a very stable industry and seem to have job security so I think 3 is more appropriate for me. + +Additionally, do you keep your E fund in a separate high yield savings account? Do you account for funds in your standard checking account and if so do you count that in your E fund? I’m having a hard time knowing if I should keep say, $3,000 in my checking for when I pay off my credit card, bills, rent etc, and then another 3 months in my e fund. + +How do you segregate everything and what are some rules you have found helpful! Thanks! + +Edit: I knew that the answer was dependent on personal situations but based off your comments I can see there are a lot of variables so I thought I’d throw in some more personal info: Additionally, if it is relevant, I am 24 years old and have very reasonable expectations for a larger income/rapid growth over the next 3-5 years if things continue the way they are. Currently rent an apartment, not married, low expenses all in all and have a 45-55% savings rate on a 72k salary. That fluctuates just because around 23k is based off bonuses that are basically guaranteed and with those bonuses I contribute to retirement/savings accordingly. +u/bosshax here! + +# GME Exchange: Change The Game + +# Bringing it all together + +&#x200B; + +[credit bad2thebone on GMEDD Discord](https://preview.redd.it/xb7xzxy3gkq81.png?width=2240&format=png&auto=webp&s=3c3937bbee778fe0c3e47dd73434a9c666bfbbcc) + +**Kurt Bierbower** is an **all-star blockchain executive** who joined GameStop in December. + +https://preview.redd.it/p80nvb17yjq81.png?width=764&format=png&auto=webp&s=372d33090c53a77db07b912e5d07b1385fe45957 + +You can read GMEDD's amazing bio on him [here](https://gmedd.com/blockchain/gamestop-poaches-executive-from-industry-leading-crypto-exchange-as-vp-of-business-development/). + +Many are unaware but he is also the head of **GME Entertainment LLC**, the *stealth* Web3 Startup being incubated within GameStop. If you haven't read my theory on a [GME Entertainment Spinoff,](https://www.reddit.com/r/Superstonk/comments/tbh9hz/gme_theory_update_gamestop_entertainment_llc/) you can here (though remember this is a long play and won't happen until the business is more mature with $1B in revenues, so say 12-24 months). The way to visualize this is basically eBay and PayPal (who were once part of the same company). The retail + tech was separated and unlocked tremendous shareholder value (you get shares in both). We know Ryan Cohen likes an idea of spin-offs from his [BBBY Letter to Shareholders](https://www.investreader.com/articles/bed-bath--beyond-shareholders-beware-as-ryan-cohen-takes-aim-at-the-company-1647114468), so I think this is a hint into his way of thinking/strategy in the longer run. + +>Cohen’s letter to the Bed, Bath & Beyond board says the turnaround of CEO Mark Tritton looks “better in a PowerPoint deck than it does in practice.” He wants the company to sell or **spin off Buybuy Baby, which he thinks will bring “several billion dollars”** based on $1.5 billion in revenue. The company had a market cap of $2.2 billion on March 9. + +Back to Kurt, who executed the GameStop and IMX agreement: + +https://preview.redd.it/9892hxzuxjq81.png?width=1484&format=png&auto=webp&s=151afff3652eba8013d20f5132b66f7e230efecb + +Kurt is a **blockchain superstar**\- but he comes with a **very particular set of skills.** + +He brings to GameStop something that no one has... yet. + +https://preview.redd.it/h96f401dyjq81.png?width=719&format=png&auto=webp&s=22140112900d12f2d7e7d4bcd1c2ba9484ba3d4d + +Kurt has experience with **US Regulated Cryptocurrency and Blockchain technology**. He also was heavily involved in business deals with the largest foreign exchange brokerages globally, largest **cryptocurrency exchange** in Japan, bitcoin mining, **gaming platforms**, **NFT platforms** and **stable coins.** + +https://preview.redd.it/vr39xv7eyjq81.png?width=706&format=png&auto=webp&s=044b02926f4caa4a691faf14a02640bfa31f8c96 + +He also comes from the institutional world (big money) and created a regulated dark pool cryptocurrency exchange. + +I wrote a theory describing how I believe GameStop is working to build an [ATS (Alternate Trading System) Exchange](https://www.reddit.com/r/Superstonk/comments/t7ghsf/gamestop_loopring_tokenized_peer_to_peer_stock/) based on ComputerShare with the GameStop Wallet on Loopring Protocol. + +The TLDR is ComputerShare holds custody of your real shares/stocks. Those shares are tokenized 1-1 and sent to your GameStop Wallet. You can then trade peer-to-peer with barely any fees, no broker commissions, no settlement issues (instant settlement), no exchange rebates, no PFOF, no manipulation. + +Kurt also has experience already with crypto wallets (like the forthcoming GameStop Wallet, built using Loopring). Note that wallets, like the GameStop Wallet, are for retail use. + +https://preview.redd.it/qqghr39xzjq81.png?width=705&format=png&auto=webp&s=8c1f84f7d4bcabed288a5416b11c247067492169 + +BUT big institutions and corporations, like Microsoft, won't keep assets in a Loopring or GameStop wallet. They need something else. They need a **Blockchain Bank.** + +Enter the missing link for institutional adoption (and the same relationships Kurt has worked with before to build some of the biggest crypto businesses in the world). + +# Silvergate Blockchain Bank + +If GameStop is building an exchange then SilverGate is the missing piece in the middle that will connect all other crypto exchanges and allow for all kinds of institutional trading. + +[Note: this image is my illustration of GameStop Exchange in the eco-system only.](https://preview.redd.it/hfojmafs0kq81.png?width=1869&format=png&auto=webp&s=df3d687f0e1c4b327d440c8a01962b11fd25440e) + +**Disclaimer:** I am merely proposing that an entity like Silvergate is an essential and critical part of GameStop Exchange. I have not found any definitive ties to suggest Silvergate is THE partner, however I do think they are the best fit. + +[SilverGate would provide an essential institutional component to the GameStop Marketplace](https://preview.redd.it/qfbvrq6xujq81.png?width=1992&format=png&auto=webp&s=d0ff9280849f9cc4a9fd0df36cdb018fc536eda0) + +[SilverGate would allow someone to stake coins, currency or any other digital property in your GameStop Wallet and earn interest by offering that through the SEN Exchange network. In affect someone on Coinbase could borrow your BTC and pay you interest. ](https://preview.redd.it/z9ntreq8vjq81.png?width=906&format=png&auto=webp&s=a5611d1e1e0a5d5c0f89d1403b4d62433865c3a3) + +Right now prime-brokers and banks lend out your **CASH** and **STOCK** and make a **HUGE PROFIT**. In the future you can lend out your **CASH** and **STOCK** or **DIGITAL ASSETS** via GameStop Exchange and SilverGate to receive **PASSIVE INCOME** while it being 100% secure. This is truly democratizing finance. + +Here is a basic metaphor for how all these relationships work: + +**Gamestop** = Amazon / Storefront (Wallet, marketplace, retail stores)**Microsoft** = Gaming Studio Partner / Publisher**Silvergate** = Institutional Gateway to crypto financing, custody, etc for someone of Microsoft's size + Exchange network for mass market level on and off ramps**ComputerShare** = Transfer Agent for Direct Registered Shares traded between Retail on Loopring or between institutions through Silvergate (Institutional Desk, OTC, Block etc.)**Loopring** = L2 Protocol for everything to happen on at commoditized levels (every skin, game license, stock share, etc. an NFT) + +Imagine a Game Studio who is seeking financing to develop a new game. You could stake your Bitcoin on GameStop Exchange and lock it in for 1 year at a certain rate. That Game Studio will convert that Bitcoin Loan into $USD cash to build their game. Crypto owners will be empowered with all new ways to generate income while Game Developers, especially small ones, can have access to financing. We can even imagine that early investors would receive coins which could later share in some of the transactions within a game. The possibilities are endless. + +Or, in a simple example, you can lock your bitcoin in the GameStop Exchange and someone will pay you VIA Silvergate to borrow it. + +[Gaming\/Studios and Game Finance of the Future](https://preview.redd.it/tjb797m81kq81.png?width=1262&format=png&auto=webp&s=87a949e788491439270114d62f6501a508676f7f) + +&#x200B; + +https://preview.redd.it/m5x6h6yu8kq81.png?width=1480&format=png&auto=webp&s=54c09ce44c903cfaff09f5901eb5c3dd1ebd6a65 + +&#x200B; + +https://preview.redd.it/c7z2nzux8kq81.png?width=1091&format=png&auto=webp&s=735c20fcf0c5b3d1a55dd61ecbb2b2eb6954ffee + +Kurt Bierbower, all star blockchain executive, is head of GME Entertainment. He comes from the world of big finance. He has amazing credentials working building regulated crypto currency products including ATS (alternate trading systems), wallets, crypto financial products, and working with big institutions. + +The GameStop Exchange will enable you to stake **CASH, STOCKS, DIGITAL ASSETS** and through a company like SilverGate receive passive income for lending of those assets. Vice versa you could take loans. These exchanges operating together will enable all kinds of new digital economies. + +[The original medium post by Loopring describing Gamestop's vision. This section was later deleted. No doubt GameStop isn't advertising their strategy.](https://preview.redd.it/yd9u78ig9kq81.png?width=273&format=png&auto=webp&s=270494f79231c016886e803f5e0de64fd865831f) + +With Silvergate you could stake your assets on GameStop and someone on Coinbase could borrow them, and vice versa, all paying you, the owner, some agreed rate of return. This is empowering! + +So, tying it all together: + +**GameStop** (the exchange and platform) + **Loopring** (the protocol) + **ComputerShare** (custodian of securities on a blockchain ledger) + **Silvergate** (Institutional Gateway to crypto financing for BIG players, like Microsoft) + **Microsoft** (Game Studio/IP owner/ Publisher). + +There is a real paradigm shift in gaming. You can read Microsofts latest letter [here](https://blogs.microsoft.com/on-the-issues/2022/02/09/open-app-store-principles-activision-blizzard/) where they describe they're building an open platform that will allow developers, and their games, to have full control over the game economies/fees/financing they choose. + +>Just as Windows has evolved to an open and broadly used platform, we see the future of gaming following a similar path. **Today 2.8 billion consumers worldwide, including more than 190 million Americans, play games, and we expect the global number will reach 4.5 billion by 2030** as new generations turn to gaming for entertainment, community, and a sense of achievement. Our vision is to enable gamers to **play any game on any device anywhere, including by streaming from the cloud**. App stores on the most relevant and popular everyday devices like mobile phones; PCs, including Windows PCs; and, in time, the cloud, are important to realizing this vision. +> +>But **too much friction exists today between creators and gamers**; app store policies and practices on mobile devices restrict what and how creators can offer games and what and how gamers can play them. Our large investment to acquire Activision Blizzard further strengthens our resolve to remove this friction on behalf of creators and gamers alike. **We want to enable world-class content to reach every gamer more easily across every platform. We want to encourage more innovation and investment in content creation and fewer constraints on distribution. Put simply, the world needs open app markets,** and this requires open app stores. The principles we’re announcing today reflect our commitment to this goal. + +Blockchain Gaming is going to become a HUGE industry on an exponential growth curve. GameStop Exchange is your one stop shop for crypto-currencies, stablecoins, tokens and tokenized products (like securities, stocks, bonds), NFTs, game-fi economies. With GameStop Exchange you can trade your stock for BTC, stake that BTC via SilverGate and earn interest, and institutional investors can borrow your BTC or you can borrow from them (with collateralized BTC loans). You truly can BE YOUR OWN BANK. + +Also I'm doing a twitter thing if you want to [follow me.](https://twitter.com/EndOfTheWake) As of writing I have a whole 20 followers, which is cool. + +# TLDR: + +You **really** should read this whole piece.. but... for the goldfish. + +Kurt Bierbower, head of GME Entertainment LLC, is a block-chain banking all star and is the visionary that will bring GameStop to mainstream adoption. One critical missing component is how different crypto exchanges can operate together (think Coinbase and GameStop) and how institutions like Microsoft or pension funds will participate in this eco-system. Microsoft, for example, won't have a GameStop wallet- they'll use someone like SilverGate (my best guess) for access to crypto financing. + +Imagine your GameStop wallet holds your digital property including **CASH, NFTs, CRYPTO CURRENCY**, **STOCKS**... Silvergate would allow other participants to borrow your assets and pay you interest. Brokers and banks make **HUGE PROFITS** loaning out your stocks and money... Very soon you can do this yourself. + +The ecosystem of partnerships is growing and we now have the following: + +**GameStop** (the exchange and platform) + **Loopring** (the protocol) + **ComputerShare** (custodian of securities on a blockchain ledger) + **Silvergate** (Institutional Gateway to crypto financing for BIG players, like Microsoft) + **Microsoft** (Game Studio/IP owner/ Publisher) + +...and sub partners like Pinata for IPFS storage. + +At last.... **BEHOLD** + +&#x200B; +This thread is to discuss the implications of Biden's win of the 2020 US election. Reminder- no personal attacks and please try to keep discourse related to stock markets/investing. + +The "unofficial" win was just called by the major news networks: + +https://www.cnn.com/election/2020/results/president?iid=politics_election_national_map + +https://www.foxnews.com/politics/biden-wins-presidency-trump-fox-news-projects + +https://www.cnbc.com/2020/11/07/2020-election-winner-biden-final-count-results.html +Just a PSA: the TSX, TSX Venture, and TSX Alpha are experiencing difficulties with processing orders meaning no trades are executed at this time. +Wonder how this will affect the markets. + +Issue started at around 1:40pm EST. + +Post thoughts below. +Since the interest rates are low, ( no signs of a rate hike either in the next 6 months or so), the current avenues for investing in debt are very limited now. Liquid and Overnight funds are a tad less than 4.5%, bank FD's( Very tax-inefficient) is less than 6% ( barring Yes and IndusInd Bank which give you 7%) + +NBFC and Corporate FD's are less than 6% and not the best credit cycle, arbitrage funds are at an all-time low in return of less than 4% ( past 6 months) + +NCD's options are less for new issues, the ones which are there have a higher credit risk, no AAA rates NCD released since Feb'20 and no hopes of seeing one any time soon. + +&#x200B; + +For a debt investor, what are the options? +Assuming that the investor is ONLY interested in investing in debt, does not want to deal in equity at all. + +1. Gilt Funds and Ultra Short term funds from ICICI or SBI are still showing an annual return of 10%+ and 8% respectively, most importantly their past 6 months returns are above the psychological benchmark of 0.5% return per month or 6%. Keeping a 3yr lock-in, one can get tax benefits also with indexation. +2. Bonds listed here - I see big names like SBI, Bank of Baroda, PNB, etc offering yields greater than 7.5%, all these will attract income tax with no indexation benefits, however, minimum investments required are above 10L, options for NHAI and REC exist that offer investment opportunities for as low as Rs 10k however interest rates are 5% with taxation ( hence not great options)-[https://goldenpi.com/investment-options/list-view?yield=highly-safe&ia=10-50-lacs&it=government,psb,psu,bank-bonds&sortBy=yield-high-to-low](https://goldenpi.com/investment-options/list-view?yield=highly-safe&ia=10-50-lacs&it=government,psb,psu,bank-bonds&sortBy=yield-high-to-low) +3. NPS Tier 2- Investments in tier 2 have no investment capping, some of the biggest names in the industry like LIC, HDFC, SBI, etc are running pension funds dealing in to corporate and Govt. debt, NPS I understand has limitations but I am here just referring to Tier 2 which has the lowest restrictions on things. + +Of the above 3 options, where should I go for? What are the Pros and Cons( do mention liquidity also) of each? + +Some Assumptions:- + +Assuming that liquidity is not an issue and the investor is happy to lock in funds for 5-7 yrs or more. All other requirements such as emergency funds, term insurance, home loan, etc are already taken care of. +Read the first part: [Options explained like a house part 1](https://www.reddit.com/r/IndiaInvestments/comments/gthp4h/options_explained_like_a_house/) + +Long Read: + +I would appreciate feedback and any other suggestions for articles/explanations that the sub might enjoy. You can visit my profile or connect with me on twitter. + +\------------------------------------------------------------------------------------------------------------------------------------------------ + +A collar strategy aims to reduce the premium paid for insurance of stocks to very low while keeping the opportunity for profits(limited). + +Collar strategy in technical terms, we will follow it up with a no jargon explanation: + +A collar strategy is selling a call and buying a put on an underlying asset to protect value while paying/recieveing a small amount. + +That is way too complicated for me. I understand this simply as: + +If you own a house and want to protect your investmentyou can buy house insurance. As with all insurance you need to pay a premium. Detailed explanation in part 1 linked at the top. + +At the same time, you can also earn rent from your house. Detailed explanation: [click here](http://thestockmarketinvestor.com/?page_id=759&preview=true) + +Earning rent from the house is a strategy where we agree to give our shares to a buyer at an agreed price(Strike Price) till a certain date(expiry date). If on the agreed date the share price is higher than the agreed price. + +The buyer give us a rent(premium) to have the opportunity of owning the stock at the agreed price if price goes above the agreed price on the agreed date. + +If you take rent and pay insurance premium, then there is a chance that the premium can be paid partially or fully by the rent. **The appreciation in house value will go to you but partially.** + +Subsitute stock/share in the statements above and that is a collar strategy. + +The insurance is called buying a PUT option. + +The rent is called writing/selling a CALL option. + +You are not allowed to rent or insure a room in the house. You can only insure or rent the entire house. The house in case of stocks is called a lot. Which is a set number of shares that can be either insured or rented. + +Lets take a look at what can happen over a few months: + +Month 1: + +Investment: + +Opening stock price/Purchase price: 1,000 + +Lot: 200 Shares + +Invested Amount: 1,000 x 200 = 200,000 + +Insurance:(Buy Put) + +Strike Price: 80 +(If price of share is below 80 at the end of the month we will get (80 – end of month share price) \* lot) + +Amount Invested: 1,000 x 200 = 200,000 + +Insured amount: 80% of stock value i.e. 1000 x 200 x 80/100 = 160,000 + +Insurance premium paid: 1% i.e. 1,000 x 200 x 1/100 = 2000 + +Our insurance expires at the end of the month. + +Rent:(Sell Call aka Write Call)< + +Agreed price(Strike Price): 110 + +This is the price at which the person paying rent will buy the shares, if price at the end of the month is above 110. + +Rent received: 2% of stock value i.e. 1,000 x 200 x 2/100 = 4000 + +We keep the rent and shares if price is below 110 at end of the month. + +What happens at the end of the month: + +Case 1: + +Share price remains same as start of the month + +Investment value: Same as starting i.e. 200,000 + +Other amount: Rent recieved – Insurance premium paid = 4000-2000 = +2000 + +Price is below 110 (Strike price) so we keep the rent and the price is above our insurance point so Insurance company keeps the premium. + +Case 2: Price is between 100 and 110, let us assume 105. + +Investment value: Increased by (Current Price – Purchase Price) x number of shares = (105-100) x 200 = +1000 + +Other amount: Rent recieved – Insurance premium paid = 4000-2000 = +2000 + +Price is below 110 (Strike price) so we keep the rent and the price is above our insurance point so Insurance company keeps the premium. + +Case 3: Price is above 110, let us assume 140. + +Investment value: Increased by (Rent Strike Price – Purchase Price) x number of shares = (110-100) x 200 = +2000 + +We have to sell/give our shares to the person who paid us rent as the agreed strike price is crossed. So our selling price is 110. + +Other amount: Rent recieved – Insurance premium paid = 4000-2000 = +2000 + +Case 4: Price is below 80, let us assume 50. + +Investment value: Decreased by (Current Price – Purchase Price) x number of shares = (50-100) x 200 = -10000 + +We insured our investment at 80 strike price. Now that the price is below 80 the insurance company will have to pay us. + +Insurance pays us: (Insurance Strike Price – Current Price) x number of shares = (80-50) x 200 = +6000 + +Other amount: Rent recieved – Insurance premium paid = 4000-2000 = +2000 + +Price is below 110 (Strike price) so we keep the rent. + +Total in Case 4 = Investment value decrease + Insurance payment received + Other amount = -10,000 + 6000 + 2000 = -2000 + +\-2000 is a 20% loss. + +What happens if we didn’t have insurance and rent? (Current Price – Purchase Price) x number of shares = (50 – 100) x 200 = -5000 that is a 50% loss + +Even though our investment pick was wrong we are still in a much better position with the collar strategy. If the case 1, 2 had been true for even 2-3 months before the loss in case 4, we would be net positive. + +Note: chances of getting trades such as the ones used in the example are low/non-existant. We merely want to get clear on the concept. + +\------------------------------------------------------------------------------------------------------------------------------------------ + +How this series will expand the strategies after concept explanations like above: + +1- When to use the strategies? Market conditions and things to keep in mind. + +2- How to use them? Practical guide/video. + +3- How to adjust the trade based on market conditions. +Because of some unfortunate circumstances, I'm in big financial trouble. I struggled with long Covid and was unable to work for one month which left me with a sick pay wage of £350. I have various credit card debts due to an ex partner who took and maxed them out in my name so my credit is terrible. Due to this, I had to take out some loans in order to make rent, bills and be able to afford to eat. Now, because I'm some kind of a jinx, I got a new job in a pub (0 hours contract) on minimum wage for £8.91 p/h, and had a very bad fall down the stairs resulting in surgery on my hand. Lawyer says I have no claim and I had to be off sick again. I'm now looking at a £375 wage due to hours worked and can't get further loans due to my credit. I missed a payment on one today because I have £1.59 in my bank to last me until the 28th so that's more damage. I'm going to go back to work before my doctor recommends to try and scrape as much money into this coming wage as possible but other than that, I don't know what to do. Altogether, my debt is around £8,000 and rising with interest. Any advice on how to get out of this hole? Please be kind, I know a lot of this is my fault. If you have anything to share, thank you so much! +Guten Tag to this global band of Apes! 👋🦍 + +Another day, another instance of blatant market manipulation. +Shares surged yesterday, with a sustained surge from $152 up to $155. +Less than one hour later, a massive price attack was triggered, eventually stabilizing around $152 again. +The price was then unusually flat for several hours before *another* price attack. +Of course, the discount was temporary, ultimately ending back up near $152. + +Meanwhile, Apes clearly continue to Buy, HODL, and DRS their shares. +The DRS momentum of the past weeks has been incredible to behold. +I am eager to see what percentage of the company Apes control in the next quarterly report. + +With two days before the splividend is active, the energy of this moment cannot be denied. +We see fuckery every single day, but HODLing this company is clearly having an impact. +As we see how these last precious hours play out, let's appreciate that many of us are soon to have another 'X' in our position size. +Let's show them the true meaning of Diamantenhände. + +Today is Wednesday, July 20th, and you know what that means! Join other apes around the world to watch infrequent updates from the German markets! + +###🚀 Buckle Up! 🚀 +*** + + +- 🟥 120 minutes in: **$150.71 / 148,76 €** *(volume: 497)* +- 🟩 115 minutes in: $150.72 / 148,77 € *(volume: 495)* +- ⬜ 110 minutes in: $150.70 / 148,75 € *(volume: 485)* +- ⬜ 105 minutes in: $150.70 / 148,75 € *(volume: 468)* +- ⬜ 100 minutes in: $150.70 / 148,75 € *(volume: 432)* +- 🟥 95 minutes in: $150.70 / 148,75 € *(volume: 401)* +- ⬜ 90 minutes in: $150.76 / 148,81 € *(volume: 400)* +- 🟥 85 minutes in: $150.76 / 148,81 € *(volume: 391)* +- 🟥 80 minutes in: $150.85 / 148,89 € *(volume: 379)* +- 🟩 75 minutes in: $150.86 / 148,91 € *(volume: 364)* +- 🟩 70 minutes in: $150.77 / 148,82 € *(volume: 350)* +- 🟥 65 minutes in: $150.43 / 148,48 € *(volume: 322)* +- 🟩 60 minutes in: $150.82 / 148,87 € *(volume: 305)* +- 🟥 55 minutes in: $150.81 / 148,86 € *(volume: 292)* +- 🟥 50 minutes in: $150.88 / 148,93 € *(volume: 245)* +- 🟥 45 minutes in: $150.94 / 148,99 € *(volume: 229)* +- 🟩 40 minutes in: $150.96 / 149,00 € *(volume: 218)* +- 🟩 35 minutes in: $150.88 / 148,93 € *(volume: 208)* +- 🟩 30 minutes in: $150.87 / 148,92 € *(volume: 161)* +- 🟥 25 minutes in: $150.83 / 148,88 € *(volume: 161)* +- 🟥 20 minutes in: $150.84 / 148,89 € *(volume: 159)* +- 🟥 15 minutes in: $151.10 / 149,14 € *(volume: 154)* +- 🟩 10 minutes in: $151.13 / 149,18 € *(volume: 152)* +- 🟥 5 minutes in: $151.11 / 149,16 € *(volume: 150)* +- 🟥 0 minutes in: $151.12 / 149,16 € *(volume: 104)* +- 🟩 US close price: $151.70 / 149,74 € *($152.70 / 150,73 € after-hours)* + + +*** +FAQ: I'm capturing current price and volume data from German exchanges and converting to USD. Today's euro -> USD conversion ratio is 1.0131. I programmed a tool that assists me in fetching this data and updating the post. If you'd like to check current prices directly, you can check [Lang & Schwarz](https://www.ls-tc.de/de/aktie/gamestop-aktie) or [TradeGate](https://www.tradegate.de/orderbuch.php?isin=US36467W1099) + +Diamantenhände isn't simply a thread on Superstonk, it's a community that gathers daily to represent the many corners of this world who love this stock. Many thanks to the originator of the series, DerGurkenraspler, who we wish well. We all love seeing the energy that people represent their varied homelands. Show your flags, share some culture, and unite around GME! +TSLA is up \~7% today after Musk tweeted about taking TSLA private. + +Why are investors buying into the stock on this news, if, when it goes private, they will no longer be able to sell their shares on the public market? + +Edit: + +Not sure why I'm getting downvoted, I'm a new investor, and just trying to understand the big price increase on this news + +If I've broken any sub rules please let me know and I'll fix it +Bloomberg reporters are claiming this: + +https://twitter.com/jenniferjjacobs/status/1240047148542148608?s=21 + + +https://twitter.com/salehamohsin/status/1240045093958057985?s=21 + +I'm not sure how much of this is fear-mongering, but I don't think it would be in the White House's best interests to fan the flames even more. + +Jobless claims in the state of Connecticut: [“30,000 unemployment claims have been filed in Connecticut since Friday. The typical number is 3,000 to 3,500 a week”](https://twitter.com/hartfordcourant/status/1240030999888756739) +I gave bitcoin to some friends years back ranging from 30-60$, some for free, and others was due to a purchase. I educated then on security and backup. + +Due to the holidays I contacted them and causally mentioned the bitcoin price. + +I told them to open there wallet and look at todays value. They all went up 20-40x. One person sent me a screenshot, it showed the value of when they originally received it, $37.66, and the value currently which is $1,764.70. + +[https://imgbox.com/tDLgCtyS](https://imgbox.com/tDLgCtyS) + +The part that blew my mind despite all of them having a much greater value than original( making substantial profit), NONE where interested. They acted like it's no big deal. They had absolutely no interest in investing more (even though they easily can, they aren't homeless, etc...) Even when I mentioned they can have bitcoin in their RRSP (kinda like a 401k in US) their eyes got a little bigger, then back to same size. + +So these people saw with their own eyes and money and are still not interested. + +One person came into an inheritance of about $100k, he said he invested all in stocks (advice from financial advisor) and DOES NOT WANT ANY MORE IN BITCOIN. (his original investment was maybe $1000)he was almost aggressive with me, he did not want to invest another penny in bitcoin. + +THAT BLEW MY FUCKIN MIND!!! + +I'm drinking tonight. +Hi all + +I have been thinking about starting investing with Degiro for the long term for my retirement. + +The idea would be to invest into ETFs and some stocks. + +I expect the portfolio to growth above 100k in the long term. + +Is Degiro safe for that purpose ? I haven’t seen big amounts in most YouTuber’s videos who use Degiro. + +I am aware of all alternatives such as IB, 212, Revolut etc but I prefer Degiro. + +PS I am aware of the up to 20k compensation for invested assets. (https://ec.europa.eu/info/business-economy-euro/banking-and-finance/consumer-finance-and-payments/retail-financial-services/investor-compensation-schemes_en) +Hi all, + +Based on the very nice replies another member from this forum got, I grew confident and am trying to get your point of views towards what would be best for my wife and I. + +Moved from Colombia to Germany about 6 years ago with some debt, after struggling through the language, visas and low paying jobs, finally we got to a nice comfortable place where we can speak German, have a long term rental home and can save up to 1300-1500 Eur each month. + +I am a project manager at an IT company in Berlin, earn about 3.3k netto, wife 1.6k netto, we have both decided NOT to have kids. + +We started setting aside some money at the end of last year (before it was not humanly possible) and we are close to the 15k mark but this money is sitting in the savings account losing value each passing day. Additionally we have around 1000 Euros in Stocks. + +I started my research on investing with some tools within this forum re: Index Fund Investor and was thinking towards ETFs and Bonds, I came across OVB and had a nice chat with a broker in regards pension and investment plans, but I got cold feet on account of their nasty reputation. + +Long term ideal would be to retire youngish, owning a house or live from rent after buying a couple of apartments. + +Well that's about it, thanks for taking the time to read until here, any advice, ideas, recommendations where to start would appreciate it =). +A quick overview: Last year I downloaded Trading212 and bought 500€ worth of shares there, some gains some losses. I currently still own about 200€ of those. In January I put another 400€ in Etoro and haven't sold any of those positions. + +I've never had to file a tax return or a mod. 730 as it's called in Italy, but I'm afraid that I would have to declare my investments and pay the 0.2% IVAFE wealth tax for 2020. During the summer I worked but in Italy the employer does the taxes for you so I don't have to do a tax return for my regular income. + +I'm just wondering if I have to do this 730 for the year 2020 when I've probably had gains and losses of 100€ or something - and have no clue at all on how to do it. + +&#x200B; + +On another note: For the next three years I'm going to start investing monthly into a Degiro account with 2-3 ETFs on the free ETF list, most of them are accumulating so I know I don't need to pay capital gains on those but again, there is the welath tax right? Do I really need to compile this whole thing for such a small amount of money? +After accepting new opportunities, my SO and I will be moving to Germany in January. We will be renting property for at least a year since we do not know precisely where and for how long we will be staying. Buying anything for this interim period seems inconvenient. We will sell our current apartment in Copenhagen with a profit of about €80k, which should be used as a downpayment for a new property when we know where to settle for a more extended period. We do not need any of this money for savings. + +So the question is, and I am sorry if this seems silly: In Denmark, we have negative interests for keeping this amount of money in a bank account. I don't know if it is the same in Germany; I would think so, though. However, say we first need this money in 1-3 years, then it seems to me that they are better in use being invested. But, in which assets? + +Also, since the tax rates in Germany are much lower than in Denmark, I would transfer this money to our German bank and invest via this. Can anyone recommend a good investment platform/bank in Germany? +Sorry am an amature. What is vwce? Is it safe to invest in it? Can i add a monthly amount into it? How are the returns? What other options do i have for a monthly investment? +&#x200B; + +[My Set Up](https://preview.redd.it/l2bia8pk6th61.jpg?width=4032&format=pjpg&auto=webp&s=7ca0ce17817b1ad8ee1bc6d9b0fda0395ef4619f) + +&#x200B; + +After a lot of questions asking who my brokers are and how I set up my charts I thought i’d summarise it in a post. Before we jump in I’d like to state I am not affiliated with any of these companies and I do not earn commission from recommending them. So as always this is purely my unbiased opinion. + +**My Charting Software:** + +**www.tradingview.com** – Over the years I have used a lot of different charting software but came back to trading view every time. Ever since their desktop version I have no intention of ever switching. As far as I’m aware their mobile app is also the best in the industry and their “price alerts” have almost zero delays. + +**Every piece of analyse is done on trading view**, for me brokers are there solely for placing trades and not for analysing the charts. + +**Indicators Used:** Volume, RSI, 10 MA + +I know a lot of professional traders, some of whom use multiple indicators and swear by them. However for my stratergy and personality everything else is just noise. + +I use the RSI but only when the “daily timeframe” is selected. This gives me a good indication of when a stock is reaching extreme exhaustion (anything over 90 RSI on the daily). + +The volume clearly shows when both buying and selling activity increases. It tells us wether a breakout is strong or weak. It can show us how aggressively dips are brought and how strong a support line is. + +The 10 moving average helps us understand wether the stock is still trading above it’s recent trend or trading beneath it. + +**Brokers:** + +**www.ig.com** – From my experience if you’re based in the UK then IG is your best bet for getting access to the most amount of stocks. I use them for my longer term swings and long holds. As of writing this you need to place more than 3 trades in your first month then the following months trades will be free; as long as you continue to at least make 3 trades a month. + +**www.cmcmarkets.com** – This is where most of my short term swings are placed and the reason for this is solely the platform. The features and mobile app in my opinion are worth the slightly higher fees. + +**U.S. Brokers:** + +**www.tastyworks.com –** Whilst I rarely trade options I really like their platform and their fees are also very competitive. + +**www.lightspeed.com –** I am currently setting up an account with this company after hearing nothing but good things from a lot of professional traders. They offer great pre market and after hours trading and have the widest selection of stocks to trade i’ve ever seen. Including OTC and foreign commodities. Once I have my account set up and I’ve used the platform for a period of time I’ll let you know how accurate this is. + +**Screen Set Up:** + +**Technicals:** + +2 x 27″ curved samsung monitors and 1 x 27″ 2020 iMac + +**Those three screens are currently set up as follows:** + +**Screen one (left) –** This screen is solely for scrolling through the charts on trading view. I only have one chart up at a time and manually flick through the daily watchlist. If any alerts go off I’ll also + +**Screen Two (middle) –** This screen is purely for order executions and research. Unless i’m executing an order (buying or selling) then i’ll never have my broker tab open. Starring at profit and loss will literally drive you insane and interfere with your emotions. My advise is to mark your SL and Position on trading view and use that to monitor the trade. Only open your broker for executions otherwise you’ll likely make decisions based on emotions. + +**Screen Three (Right)** – This is the “busy screen” and contains the following in order: + +**Twitter Feed:** For generic news, posting tweets etc + +**Private News Feed** + +**Discord:** To engage with and update the group. + +**SP 500 chart & QQQ’s chart:** To provide me with an overall feel on the strength/weakness in the market. My main reason for having these charts open is to find relative strength. For example lets say I want to enter $CIIC and I notice the markets are pulling back. If $CIIC holds or moves higher whilst this is happening then it’s showing relative strength and therefore provides more confirmation for the trade. + +**Summary:** + +That’s it, 3 indicators and 3 screens. The only thing i’ll sometimes monitor is Level 2 but this depends on the type of position i’m looking to enter. + +You see the key to trading at a professional level is simplicity and focus. It’s understanding there are hundreds if not thousands of strategies that work. Your job is to pick the one that suits your personality best and master it. You will miss hundreds of trades daily but that’s ok because not all trades are yours to take, only your set ups matter. Read that again! **NOT all trades are yours to take**. + +If you have any questions please leave a comment below and i’ll reply. This will allow others to see commonly asked questions and i’ll be able to update this post further. +I recently was paying for an upcoming holiday to Kenya via international bank transfer. It’s a sizeable amount and shortly after I made the payment I had a missed call and voicemail from the bank (Barclays) asking me to call them. + +Clearly I called back on the number I found on the back of my card but they confirmed it was their fraud department who were checking the payment. All well and good and reasonable. + +What transpired in the conversation with the fraud department is that they’d notice I am running TeamViewer (a Remote Desktop program) in my computer. I’m comfortable with that as I use it for IT support to my parents. + +This is all good but how on earth can they track that I’m using TeamViewer when I’ve made the payment on their website. That seems beyond the bounds of cookies! + +Any ideas? +Welcome to Shilligan's Island + +[The clever shill blends in but can't hide forever](https://preview.redd.it/i4g88eu3yql71.jpg?width=604&format=pjpg&auto=webp&s=e155a31bd93f0b694e665eb4005d3cce708dc9c9) + +Many of us have seen the 'Gold Telegraph' tweets. They are clearly FUD with a purpose; vague, little to no mention of GME, with a side of steaming hot urgency. I don't have many screenshots but as many apes know they have been posting and deleting the evidence for months. + +[Always Gold Telegraph or pushing gold in some way](https://preview.redd.it/ghn8verfkql71.png?width=1288&format=png&auto=webp&s=8e5cbad060286017392893f122beec9560f6c655) + +u/Murrchik deserves a lot of credit here. Not only did they catch on to the shilling and start calling it out so apes like me could catch on, they also found an alt account that had been posting Gold Telegraph as well. If you look at their profiles you see very clearly that the karma doesn't match the drapes + +[These accounts have posts shilling Gold all over any sub that would be into that type of thing \(financial, doomsday prep, conspiracy, even the DFV sub\) dating back to 2017](https://preview.redd.it/224rlek9lql71.png?width=2340&format=png&auto=webp&s=3127ac5ede2d5d63a825d019021e9349855f1f0f) + +https://preview.redd.it/tkive63clql71.png?width=2340&format=png&auto=webp&s=d6c0cf05862de2f1a7c453e907542bec7bfd41e3 + +Now that we've seen some of the clues sus imposters leave let's jump right into it + +Gold Telegraph is a website as well as a twitter. I didn't poke around their twitter as much because I didn't believe I'd find what I was looking for there. I went to their website and what did I find within minutes? Well if you read to the end of their article they post this- then give you a long list of legalese to make you feel like you don't need to dig any further into their Disclaimer. + +https://preview.redd.it/htha0xdrmql71.png?width=1364&format=png&auto=webp&s=2be3a8f6bb2c22605c84a4015d94ff6555bef9b4 + +https://preview.redd.it/tptygew5nql71.png?width=1966&format=png&auto=webp&s=dfdc7ee2bb881424d8d4578abd74ed71c733f3e8 + +Which is understandable because their disclaimer is fuk. They state clearly that they are advertisers and shouldn't be considered anything but an ad. + +In their disclaimer they link themselves to 'InGrain Group inc.' "You agree **Ingrain Group Inc** will not be liable for damages arising out of your use or your inability to use this website, and you hereby waive any and all claims with respect thereto, and whether based on contract, tort or other grounds." This is where I really started to find things. I searched for Ingrain Group inc. and this came up in the first few results + +https://preview.redd.it/rbhn6g84pql71.png?width=1130&format=png&auto=webp&s=aec519c0d16d2f48f4bbf71361c3620c206d43d1 + +https://preview.redd.it/06fp9nimpql71.png?width=1136&format=png&auto=webp&s=f3aac53768bb861a3eab2b9270df0f4d32a27883 + +https://preview.redd.it/2e07rg3npql71.png?width=1126&format=png&auto=webp&s=f3fa3bd91892b9d7ceef307bea314c96a3d77c78 + +I removed the street addresses because someone in here was dumb enough to register their business at a home address. Do they live there? Who knows. But that address has multiple businesses linked to it by multiple different people with the same last name and they are all tied directly to the gold mining industry. + +https://preview.redd.it/1zpk0q2uqql71.png?width=1764&format=png&auto=webp&s=82709e686de408c0aaa558cb30c2d3001633380b + +https://preview.redd.it/uqbj0bkarql71.png?width=1926&format=png&auto=webp&s=deb96741e719eaf115607cf960dde9225473d2f1 + +Now I was curious to see with all the new info coming out about swaps and OTC markets how much these guys were tied into it but as it is their charts don't move with GME. They spike with the pandemic and economic uncertainty then fall again. Those later volume spikes towards the end match pretty closely to Gold Telegraph shilling posts. So now we know the boss. Let's look into their paid lackeys. + +InGrain Group Inc. and Digital257 were paid for 'Stock Promotion' I couldn't find much on Ingrain beyond ties to Alexander Deluce (ceo) and ties to Porter Airlines who is run by Robert Deluce and Michael Deluce. I believe they're family but couldn't find 100% connection stating as much. Michael Deluce has ties to the Canadian and US stock market and Porter Air uses Bombadier jets for their chartered flights, some of which go to Chicago, New York, and other big US cities. Now I haven't found any direct ties with any of the info I found back to Kenny & Co but the reason I am giving all the info I found out is for other apes to look into it and see if they are able to find any concrete connections. I have PM'd some apes with good detective skills to look into it further and will write an update if anything juicy comes back. I don't think it goes deeper but in case it does I don't want to accidentally sweep it under the rug by withholding information. + +I couldn't find any info on how InGrain runs things or a website for them but Digital257 was more than pleased to let us know exactly how sleazy they are on the first page. + +[Wordhippo what's another word for \\"manipulation\\"? ](https://preview.redd.it/0l95hqqnxql71.png?width=1982&format=png&auto=webp&s=2971c2f6a65cbdba957973bea563a1d82715e1c3) + +And here are some of their strategies for artfully "persuading" you guys to run to good ol gold + +https://preview.redd.it/6brmtlg3tql71.png?width=1378&format=png&auto=webp&s=d7efa1f6b018f16db34fe0b3c6d8eeefa291f25f + +https://preview.redd.it/vb2i34h6tql71.jpg?width=2358&format=pjpg&auto=webp&s=c78e4506721e4520024951eb3a5286f251febb35 + +[Internet Stalking because who doesn't love being followed and targeted? ](https://preview.redd.it/8s83ow27tql71.jpg?width=2358&format=pjpg&auto=webp&s=d450b829f25587d28d1c95b5a1c8f1d88210b75b) + +https://preview.redd.it/3j85ehsbtql71.jpg?width=1842&format=pjpg&auto=webp&s=a1f6ffda4d89b085ebc01acc0a7c68a8df4176aa + +“If you can’t measure it, you can’t improve it. Our process allows you to view and have full control over your lead generation metrics in real time. By monitoring campaigns, we’re able to help you track relevant conversion metrics to maximise (haha you spelled maximize wrong on your own website) your ROI, enabling you to have more control over your marketing spend.” + +[As you can see- VERY strong ties to precious metals and gold mining ](https://preview.redd.it/e4y95dgctql71.png?width=1954&format=png&auto=webp&s=59a87b8a7333f461913f30f45798d59d23d1b006) + +Now let's look at 'Whoa is Media' also known as 'SmallCap Communications Inc' (Whoa is Me(dia) just reeked of too much self pity to keep it as a company name?) Here's the HBIC, Rebecca Kerswell. + +https://preview.redd.it/61huy9layql71.png?width=1042&format=png&auto=webp&s=6c406791bc97ed2731b3dcc806a71ee282de6441 + +[Maybe if you want to avoid social media trouble you shouldn't make yourself so easy to tie to manipulation? Just a thought. ](https://preview.redd.it/c33iedufyql71.png?width=1532&format=png&auto=webp&s=cef184084b5d0199e064d25771ba1f959e45c1cd) + +Now let's put this together. A gold mining company used marketing companies to create profiles and shill gold to a bunch of apes who are already planning how to maintain generational wealth once they get it. To do this they made multiple accounts and used a few of them to post Gold Telegraph Ads and then used others to prop up those posts by asking for links, upvoting, and defending them to any apes that called out their behavior as suspicious or shilling. + +Now I have 0 doubts that there were real apes propping these accounts up without realizing they were contributing to the shill problem in our sub. This is why whale teeth are so important, we don't want to cull real apes with the shills. But we also need to investigate more thoroughly when we think someone is a shill instead of crying shill and moving on. I've been called a shill and karma whore many times for posting my memes or stating that I am tired of working when I have a disability that is progressively getting worse. + +Crying shill without investigating only contributes to the problem. Upvoting things that break rules and are suspicious clearly benefits outsiders. These people pumped gold and got away with it for a long time and if they weren't so blatantly stupid about it they could have gotten away with it for a lot longer. We have a shill problem in our sub and the bad shills may have made us overconfident in our ability to spot them. We don't just have Kenny & Co shills trying to get us to sell our shares which are worth more than their weight in diamonds, we have shills trying to profit off us by getting us to buy whatever securities they're pushing. + +Do your own research. If someone in here gives you a 'good idea' make sure you are researching off reddit to triple check if that is actually a good idea and if something seems off to you deep dive and due diligence that bitch. I found all of this in a few hours using duckduckgo (and google for certain things because they dgaf about privacy and revealed more than DDG was) and TOR. + +https://preview.redd.it/3htshtjc6rl71.jpg?width=672&format=pjpg&auto=webp&s=124d63cecab3d55f66a11e554412b3b6821a8d53 + +And remember, today we are one day closer to MOASS than we were yesterday. Carpe Divitiis! +The Reddit Economics Network (REN) team would like to share that we have updated our [suggested reading list](https://www.reddit.com/r/Economics/wiki/blogs). The list spans sources aimed at people with no experience with economics to research at the cutting edge of the field. + +Please feel free to leave any questions or comments below. +I was thinking about the minimum wage and how some places have higher minimum wages than others and yet people getting paid minimum wage there are worse off than people getting paid minimum wage in places with a lower min wage. Does the reflect the dollar being worth less in NYC than it is in \_\_\_\_, Mississippi. I know prices are higher in big cities and some states than others, so that leads me to believe that inflation does occur differently depending on where you're talking about. + +Am I correct, or am I missing something? +For example, would there be inflation on everyday goods to cancel out the extra 1k/month? + +Edit: I’m also wondering if economists have models that could accurately simulate a scenario like this +I recently sold my business and became FatFire'd. Currently, I am working to figure out "what's next" after being burned out for years. In the meantime, I miss being out in the world. I have no place to be most days and could use a schedule. Anytime I start working on new business ideas my brain just sort of "false starts". So, I have this idea of working a "normal" job where I can have tiny accomplishments (even making a coffee for a stranger) and be able to interact with others. A barista, Uber driver, or supermarket stocker as examples. + +Has anyone ever done this? +27F, single no kids. No debt but less than 1k savings. 48k-ish take home, but just started a second job. Lifelong dreams of being a vet but I didn’t graduate so to do it I would have to complete 2-3 years of a Biomedicine degree or something similar and then transfer/post grad into vet (5 years). So, potentially 8+ years of study for a job that pays maybe 10-20k more than what I get now at entry level, but definitely more enjoyment and potential to specialise. +I’m scared about jumping into 8+ years of poverty after working for so long. I am working on a savings buffer of 10-20k but that won’t last long. I have a housemate and probably pay $200/wk for house/int/elec. +What would you do to ensure this was feasible? + +ETA: I have volunteered for a local vet, I’ve seen animals die and come in with preventable issues. I’m aware of the burnout/suicide risk within the industry. I am 100% sure. I’m just not sure how to financially plan for ~8 years of minimal income, and I’m terrified of leaving my job and ending up in a bad position. +Hi AusFinance, I am in need of some advice. + +&#x200B; + +A couple of months ago I sold my laptop for $2250 via Gumtree and the buyer sent me the money via paypal (however gifted and not through gumtree). Probably around a month later Paypal notified me that the buyer had disputed the transaction due to it being an unauthorised transaction - and I provided the evidence that I had (emails and text messages between me and the buyer) however they were not enough and the outcome was me being $2250 out of pocket with Paypal's debt collection agency asking me for the money. + +&#x200B; + +Since, I have asked Gumtree what to do and I then lodged a report with the ACORN (Australian Cybercrime Online Reporting Network) and I am waiting to hear back. + +&#x200B; + +Has anyone got through the same thing or have any advice? I am a full time student and cannot really afford to pay. + +&#x200B; + +Thanks! + +&#x200B; + +Edit/Update: Thanks for the responses. I think I have a better plan of attack now: + +* Will refuse to pay debt collectors +* Will file police report +* Will lodge claim with ombudsman +* And potentially go through independent small claims tribunal + +Thanks everyone - you've all been very helpful +I have spent the last six years saying I would be retiring in two, and kept raising my number. My salary has more than doubled since I first thought of FI, and I can now save almost $200K CAD per year. I tried, but couldn't make it to 50. + +My net worth is up to $1.8MM (which includes my own property). I have four rentals, slightly cash flow positive (gross rent is $11K/mo), which will fund my late retirement years after they are paid off. My expenses are low (maybe $50K), so I expect to survive pretty much anything that comes. I still have to transition out, maybe with a couple of months at 3 days a week. + +It feels a bit rushed, but I am so relieved to have taken the next step. +This is for all the xx, xxx, and xxxx apes out there. Like you, I’ve been adding for months and thought about how much money I actually want in life (its not much). + +When we get hype weeks like this, I run numbers in my head and visualize the chart going bonkers and my heart racing and beating like a kick drum out of my chest. I planned to sell all but about 100 shares at a reasonable # and then ride off into the sunset. + +Then I realized that is just what they want. They don’t want x apes to get their phone book number. They don’t want x apes to have anything. They need x apes to manipulate and control with their weakening grip. + +Not anymore. I’m tired of this corrupt world and want change. Only you can change your world. Only I can change mine. + +So I decided I’m only selling 6 shares (1 per immediate family member) and holding the rest in my ComputerShare infinity pool. + +Now, even if the MOASS starts tomorrow, I won’t have to think about selling those 6 shares until weeks from now… when the price finally gets to the TENS OF MILLIONS. I can relax knowing the number will get there. + +Think like an x ape. + +We own the float. + +BUY, HOLD, DRS +Sebi keep increasing margin for FNO trade every 3 month. Now it is 75% and will be 100% from 1st sept. + +Well now because of this option selling in India has become less and less profitable. They say they are doing so that people won’t lose money. + +[Rant] But the money is ours let us decide for someone will lose money then someone will make money too. Government will get multiple taxes during this. Why don’t they close stock market so nobody loses money. I was making good money for last 2 year and living on it. But seems it is over now. + +Margin requirement was already too high in India [Derivative traders in India pay up to 500 times more margin, says study by SEBI sub-committee](https://www.moneycontrol.com/news/business/derivative-traders-in-india-pay-up-to-500-times-more-margin-says-study-by-sebi-sub-committee-4072141.html) +Hi all, I have been looking for some insights for stock market investment. +I have read this statement on multiple blogs and from multiple long term investors saying that it is always a good time to buy stocks in companies with a good profile if you're planning to hold for a longer horizon (10+ years). +Is this true for the most part? + +A lot of people talk about 'the right time to get in is during recession' but how the heck do you predict the right point to get in? +This is something I've been looking at for the last month. Some of these can be scams or are just plain gambling. I also think they can serve a purpose of hedging larger investments if you find one that is worth while. The fundamentals behind these tokens that make them worth while are seen regularly but having them all in one project seems to be rare. + +It's important for these investments to have an active organic community. Most of these new low market cap crypto currency's are filled with bots. Investing in a token that is filled with bots is just throwing your money at something hoping a project gains traction. This is essentially gambling as a community with real humans actively believes in the project and the utility behind it. + +Utility is another important factor when investing in these tokens. If the project has no utility it will inevitably lead to a pump and dump. As price rises the investors will begin to question the value of the token. If there is no value (utility) people will begin exiting there position in mass once the price starts to take massive leaps. This doesn't mean the token has to be Ethereum's replacement but it has to have some use case. This could be NFT's, games, or a meme platform. These alone don't personally show a lot of value to me but sometimes these tokens have bigger dreams than that. This is when I believe the token is a diamond in the rough. A good dev team will consider this before the launch of the token and be transparent about the future. + +The dev team is the most important aspect of any project. Having dev's that you recognize from other projects or have a positive reputation is a good sign that you've found something worthwhile. Dev's not only create and improve the project itself but also help market the project to help get it off the ground. When dev's are active in the community and helping it grow organically alongside the community its a good sign. This is another reason these low market cap crypto currency turn into pump and dumps. The same as no utility, if the community doesn't trust the dev team, they will make whatever money they were aiming to make and exit their position. + +For a crypto currency to maintain its community and progress into a real project like SHIB, DOGE, and SAFEMOON. I believe it needs all of these fundamentals simultaneously. If one is missing people will lose faith and get out in mass. If you choose to get into these please remember to DYOR and that even a good project at a low market cap can be high risk. Only invest what you can afford to lose because in this space even if something ticks all the boxes it can potentially go to nothing. + +I forgot to mention. It's a scam if a few wallets hold a significant amount of the token or if there is some reason you can't sell the token after you buy it. Non scam's will allow you to sell whenever you want. Also, look at the chart, these tokens are not different from any other investing. There will be corrections, if a chart is looking too green over a long period be careful. +Hello, new investor here: + +Bought a property that it tenant occupied. The insurance sent me a letter that I need to do some repairs to the property + have it de-cluttered. Tenant has stuff all over the property big items like non-working vehicle, appliances, random things in general. Random stuff covering windows which doesn’t make it accessible and can be a hazard). +Gave her notice however she hasn’t moved an item. What should I do next? It’s been about a month. +My daughter is in college in a different state and I’m currently paying for a dorm. My thought is to purchase a rental in that state for her to live and act as on site manager. And before I contact my attorneys I was wondering if anyone has done something similar and how are you shown their portion of rent ask their payment for management duties? Or how you’ve gone about this +Does anyone here have an experience with their algo messing up and causing big losses? + +I would be curious to hear what you did to mitigate potential for future unintended losses that result from algos not performing as expected. +TSLA continuing on an upwards trend forever is the easy way for this to all play out. That’s a simple win. I, on the other hand, want to see how deeply people have thought about their asset allocation if things were suddenly different. + +1. How long have you been investing? +2. What price did you buy TSLA? +3. What percentage of your portfolio is it? +4. Have you taken any profit yet? +5. Do you have a plan for if TSLA value falls by 30%, then by 60% and then by 90%? + +I am interested in discussion that’s focussed more on people’s outlook & planning. +Am I reading into this incorrectly? Why else might he would buy into NAT this heavy a week before the end of the quarter? Thoughts? + +*Edit: the shares were purchased at $4.11 each, for a total cost of $205,500 + +https://finance.yahoo.com/news/nordic-american-tankers-ltd-nyse-140837346.html +Today TSLA has been on the rise. Again. Stocks hit a new ATH of $1650. Today "reasons" were an [increase in target price and a new patent](https://thetradable.com/stocks/tesla-tsla-stock-price-grows-by-18-on-new-elon-musks-patent-and-target-price-raise) on long-awaited technology.News that push the price higher and higher appear literally every day.But how long will it last? + +I think that before the stock split, a rise to $1700 is possible, without serious drawdowns. Don't forget about S&P inclusion speculation. + +Then, without a serious driver, I expect stagnation or even a drawdown to more adequate levels.Now TSLA is too overbought, I think. The higher they rise, the more difficult it's to hold onto even with new positive news + +Tell me, what do you think about this? when will there be a drawdown, what will happen in the short (and not-so-short) term? +Bloomberg out on the wire with this new - +US Stocks plunge after report that former national security advisor michael flynn will say president trump directed him to contact russians + +Stocks lost 300pts in a moment, almost like a flash crash. And things seem to be moving very quick from 11:10 AM and onward. + +DJIA futures down 270pts. Nasdaq down 1.5%. Russell 2000 down 2.7%. Nikkei 225 down 1.7%. Euro 50/DAX both down 1.4%. VIX is up 17-18%. + +30 year bond is up 1.5%. USD just tanked against all currencies. + +What have investors just walked into? How are the markets going to react, given these events seem to be a game changer in the investigation? +From the top: BUY, HODL, VOTE. Apes don't fight apes, my post is meant to search for clarity, not to attack. This is not financial advice. + +Alright now gonna fight for my fucking wrinkles here. + +&#x200B; + +I've been getting bothered by [this post](https://www.reddit.com/r/Superstonk/comments/np6f78/citadel_has_been_filing_form_d_amendments_and_ill/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) since I read it in the Morning News. Something seems off about its lack of a real analysis. It simply dismisses any reason to analyze since it is just something that happens every year. + +**What makes OP an authority on the subject other than they are telling us they are.** + +# What is Form D + + u/FilingAgentMan gives his definition for Form D as follows: + +https://preview.redd.it/klw70mf09p271.png?width=758&format=png&auto=webp&s=fed6b38bc84937d6a42659d1d307b22af933c2fb + +How does his definition differ from the definition provided by our lovely investopedia. + +&#x200B; + +[https:\/\/www.investopedia.com\/terms\/s\/sec-form-d.asp](https://preview.redd.it/ewa0ixczyo271.png?width=650&format=png&auto=webp&s=1028392dddb14c30dda75b1975a5fba01b8da594) + +Why does he never mention exemption. His definition is missing key aspects of Form D's function which is in my opinion a **Red Herring.** OP is implying they are selling them unregistered through Form D to save money. This is simply one half of the function of Reg D. + +&#x200B; + +https://preview.redd.it/nw1jm4mgfp271.png?width=507&format=png&auto=webp&s=06c53d2dc20106c1d4cbb82cf10be7cd99d971b6 + +Reg D sure seems fairly complicated and u/FilingAgentMan really glosses over a lot of the purpose of these filings. **Reg D provides an exemption for companies to sell unregistered securities privately. By directing our focus away from the anonymity that Form D provides, this post successfully pulls the curtains over any value apes could deduce from the documents.** + +I haven't seen anymore serious viewing of these documents after his post. I don't believe this is a coincidence. + +Also did you see where it says Reg D is almost always used by small companies to avoid larger costs associated with larger filings? First off the idea of them saving money seems pretty stupid considering their current march to the grave. And once again I ask, why are they even filing these? **Is Citadel a small company?** [Whale Wisdom](https://whalewisdom.com/filer/citadel-advisors-llc#tabsummary_tab_link) places Citadel's market value at $400B while all I can find on Google is $35B. They aren't a small company and all of us know that here. So far Reg D appears to me as the SEC's flimsy and worthless attempt to shed light on **Dark Pool Trading. I can't find any evidence of why Citadel is even filing this form unless it is the minimum required filing to continue their Dark Pool bullshit.** + +My point here is that while there are probably thousands of these suckers filed a year and may mostly be irrelevant, without even dissecting the documents themselves, it is unusual that they are being filed in the first place. + +(I've been riding this train since the beginning of February and I'm not remembering us discussing this topic in a substantial amount. If DD has been made explaining or discussing Form D filings or Reg D please correct me.) + +&#x200B; + +# 5/28/21 Form D Filings Section 13 + +**11 of these filings occurred on 5/28 and 8 of them state that total amount sold was all Assets Under Management (AUM).** + +[Link to filings](https://www.sec.gov/edgar/search/#/q=%2522CITADEL%2522&dateRange=custom&category=custom&startdt=2021-03-31&enddt=2021-05-31&forms=D) + +&#x200B; + +[Citadel Wellington LLC](https://preview.redd.it/8mjudzasgo271.png?width=648&format=png&auto=webp&s=45607c8b8f382185df79b13248555a223bb8b6bb) + +&#x200B; + +[Citadel Tactical Trading LLC](https://preview.redd.it/yx5w0u7ygo271.png?width=631&format=png&auto=webp&s=1ce5a310ad22002d56fe819cef2238665cb1dae2) + +&#x200B; + +[ Citadel Global Fixed Income Fund LLC ](https://preview.redd.it/3kbym974ho271.png?width=632&format=png&auto=webp&s=ef4fdc3202bb1c98a7cff4a8d1068d442eaa9b0c) + +&#x200B; + +![img](tl4q271cho271 " CITADEL TACTICAL TRADING LTD + ") + +&#x200B; + +![img](7c43226lho271 " Citadel Kensington Global Strategies Fund Ltd. + ") + +&#x200B; + +![img](6cjszzkoho271 " CEIF LLC + ") + +&#x200B; + +![img](kgly56srho271 " Citadel Global Fixed Income Fund Ltd. + ") + +&#x200B; + +![img](6k9gyhaxho271 " CEIF Partners LLC +") + +If I'm wrong, awesome. u/FilingAgentMan 's post ignores these details in their entirety and I fully believe that it is FUD. This information correlates with the giant sell off of stocks that Citadel was holding long in the after hours on 5/27. Here are some quick screenshots to remind you apes. + +&#x200B; + +[GOOG 5\/27](https://preview.redd.it/cqtlq2vxjo271.png?width=1595&format=png&auto=webp&s=fca8ed2342916e5a97e38a77da31a33ec95739fb) + +&#x200B; + +[AMZN 5\/27](https://preview.redd.it/d23go7qvjo271.png?width=1578&format=png&auto=webp&s=e2c51922dacfae8f22977b63f5d0fa6020899e60) + +Wouldn't it make sense if they sold off large amounts of shares on 5/27, then had to file these forms due to regulations, and subsequently used those funds in an attempt to tank GME (5/28 it dropped only $40 cause they're weak bitches). + +# Previous Filings + +Like I said these filings could totally mean nothing. I went ahead and decided to look at the previous year's filing of the same form since by u/FilingAgentMan**'s logic they should show the selling as either inconsequential or not worth the wrinkles.** + +The comment on Citadel's filings for the sale being all AUM appears on 6 of their 11 filings in 2020. + +&#x200B; + +**Citadel Global Fixed Income Fund LLC $56,742,408** + +**CITADEL TACTICAL TRADING LLC $44,039,054** + +**Citadel Wellington LLC $1,393,099,061** + +**Citadel Global Fixed Income Fund Ltd. -$45,177,822** + +**Citadel Kensington Global Strategies Fund Ltd. $3,307,300,701** + +**CITADEL TACTICAL TRADING LTD $47,570,361** + +CEIF Partners LLC $1,427,351,464 + +CEIF LLC $398,988,783 + + +Each that are bolded appear with the AUM comment on both years, which partially diminishes the argument I've been making, but by looking closely it does prove my point that deeper analysis should be given! To the right of each entity I put a number that shows the change in amount sold from 2020 -> 2021. Only 1 actually sold less. + +# From these 8 entities they sold an additional $6,629,914,010 from last year. + +**Is this important information?** I'm not entirely sure at this point what constitutes important information. I just don't like people telling me things aren't important without valid claims and evidence refuting it. + +That's a large number, and should at least indicate Citadel's desire for more liquid funds. Doesn't have to indicate liquidation to indicate they are having problems, please keep that in mind. + +&#x200B; + +(Quick sidenote only 5 entities from 2020 and 2021 I do no mention here. Citadel Candlestick EIF LLC was filed in both years, but there was no change in value. The other 4 are Citadel Global Equities Fund II LLC / Citadel Global Equities Fund II Ltd. / Citadel Equities Fund LLC / Citadel Equities Fund Ltd.) + +&#x200B; + +# The Questions I Pose + +1. Why are we so willing to chalk the Form D Filings up as being a **waste of time**. +2. Why should we view fellow apes who simply define themselves as an authority on a subject as being correct **without the proper research and evidence to back up their claims**. +3. Why is Citadel filing these forms if not to hide the inner workings of their fraud. + +# Problems with my argument: + +1. My claim that they sold on the 27th and filed the following day could be coincidence since this could be from sales as far back as 5/12/21. + +https://preview.redd.it/66mfoswpzo271.png?width=615&format=png&auto=webp&s=ceca8c20a7b10042a7b41806f76e4ce70800addf + +2. AUM comment appears on 6 out of 8 filings in both 2020 and 2021 indicating this may be BAU + +3. I might be a fucking idiot + +&#x200B; + +# Closing Thoughts + +In this post I just wanted to explore that there is depth to these documents and may hold information for a good wrinkly brained ape. I dont know, but I also know u/FilingAgentMan chose which parts of Reg D to discuss in his post instead of defining it in its entirety. I view this as a Red Herring that has so far been successful. + +Edit: Love you rensole if you’re reading this, thanks for pushing people to write dd. I def wouldn’t have otherwise + +Edit 2: I want to clarify some facts really quick. I never refer to u/AgentFilingMan as a shill. I said he may be spreading misinformation. +Regardless he shows several red flags. +&#x200B; +-Acct is only 71 days old and he only has been able to post on superstonk for 11 days. + +-Making claims being an authority on a topic without immediately providing evidence- almost like being defensive without being attacked yet. + +-What’s with his job? He converts PDFs all day? One hell of a job if you ask me** + +-Why did he slip in his opinion that the docs were worthless in the tl;dr without even expanding upon why they might be a dead end. Real apes say what the fuck do I know, this may be some great shit so let’s talk. + +And even after I’ve said all of that, I have no definitive proof he is actually FUD. Evidence means everything and I’m seeing more evidence leaning towards misinformation therefore I say FUD. If someone wants to prove me wrong or u/FilingAgentMan wants to confirm his identity with mods, I will gladly edit and remove said claims. +I’m a married 38 yr old with 60k in auto loan debt, 315k in mortgage debt and 22k student loan debt. I have 140k in my regular retirement account and 30k in a high interest savings account. We have both maxed out our contributions to Roth IRA for the year and we both contribute to a 401k. My question is would you pay off the Auto debt and invest the rest the savings or invest the entire 140k? The auto loan does have a 5% interest rate. I think I know what I want to do but what would you do in this situation? Thanks + +Edit: most of the 140k is inherited from the sale of property very recently . I had about 50k chilling in my savings like a dummy. I’m slowly learning as I go. I don’t plan on having that money in a regular savings account much longer. +Hello! Hope I'm okay to post this here instead of r/econhw. I'm helping my girlfriend with a study guide for her business class, and the first question is about the factors of production. + +&#x200B; + +Now, *technically* I got a D in my macroeconomics class, but I could've sworn the factors of production were land, labor, capital, and *technology*. However, investopedia (and most other places) list that 4th factor as entrepreneurship. + +&#x200B; + +Now (to me), entrepreneurship seems exceptionally abstract and more of a justification for a capitalist system than anything else. I mean, it's true somebody has to make the decision on how to spend existing capital, and when/where to take risks, but it certainly doesn't have to be an individual person. + +&#x200B; + +What are your thoughts on this? Do I just have a bad memory? +I'm taking a microeconomics (econ major) and I just had a homework question asking why health care is an example of market failure. I'm just trying to gain a better understanding. I've skimmed a wikipedia page on market failure. I've held the belief/impression that it was more of a societal/community problem than it was an economic one when sick (using sick broadly, as in cancer and that kind of stuff) people cannot afford health care. Furthermore, if privatized health insurance isn't efficient how could a government run healthcare system possibly compete with private ones and avoid government failure? I'm seriously open minded. Up until now I always thought it was best for the free market to handle, but now I'm not so sure. + +&#x200B; + +edit: Maybe a solution to the problem would be government using policy to provide incentives for health insurance companies to take on riskier customers in the form of tax cuts or something instead of having the government directly address the issue with a service of their own? +I recently discovered this [Marginal revolution article](https://marginalrevolution.com/marginalrevolution/2016/08/laissez-faire-in-tokyo.html) showing that housing prices haven't increased due to a laissez-faire policy on housing. They cite [this FT article](https://archive.is/pVrex). + +Is this a one-size-fits-all policy, or can this only be used in Tokyo? Thanks! +Does the US really need all these separate Defense & Investigatory bodies? + +Army, Army Reserve, Army National Guard +Marines, Marine Reserve +Navy, Navy reserve +Coast Guard, Coast Guard Reserve +Air Force, AF reserve AF National Guard + +Central Intelligence Agency +National Security Agency +Federal Bureau of Investigation +Department of Homeland Security +Drug Enforcement Administration +And do we really need a whole federal agency dedicated Alcohol, Tobacco and Firearms? + +Before any significant cuts in health care, social security or any other welfare programs are made I'd like to see the fat trimmed from the above. +I do not care about a bank if you're simply depositing money into a checking and savings account, with possibly a self-serve brokerage account, with no real unique banking experience compared to the average American with standard, retail banking usage. + +I'm more curious about, whose using a bank, maybe a private bank, or any bank, they moved to because it provided them with X, Y, and Z, product, service, relationship or tool, and they're really getting great service and would only bank with them for very specific reasons. Like how are you taking advantage of your bank, why do you love them, what is really making them special for you, and what are they doing with you that you did not get elsewhere? + +For example, I'm recently switching banks because one is way more friendly to real estate developers, that's very strong on real estate lending, which that's what I'll be focusing on in my business. They completely suck on brokerage accounts, and I have that somewhere else. My bank doesn't even provide credit cards, but that doesn't matter to me. And I'm happy with the new bank I'm at. I'm curious for the others, what's your banking like, why do you love them? **Who has found a unique bank that fits their needs and what are those?** + +I don't know what I don't know. Is there some banks doing crazy things for people that I don't know about, and it's something I could also take advantage of? **I'd love to hear about** ***how you're getting the MOST OUT OF YOUR BANKING***. +# Intro + +Sharing my experience here on how credit card has been useful for me and how I use it to manage expenses. This is not a recommendation of any sorts and there is no affiliate link here nor am I getting paid for anything here. Also I understand that there have been several posts, but I hope that this post combines everything into one place. + +# Background + +In Monika Halan's - Let's talk money book, she recommends that everyone should track their expenses so that ultimately we spend less. Spending less can be considered as an outcome of expense tracking, but regardless we should track our expenses so that we can make whatever decision we want with that data. She recommends doing so by creating an income account and a spending account. This is a good idea but the problem is that I cannot find a bank account which offers zero balance account with unlimited transactions (RBI limit). I would be happy to be proven otherwise. So this led me to using Credit cards for all expenses (almost all, see below) and use my salary account which gives me the good benefits of zero balance, free cheque books, no hidden charges. + +# Other Advantages + +Other than expense tracking, credit cards have the obvious below advantages - + +* Credit free period. You can earn Savings account interest in this period. +* Reward points. +* Can be used for emergency spending. This should be done with care. I typically use it since the emergency funds I use (liquid and overnight) do not have instant redeem. I did this tradeoff for safety btw which is a separate point of discussion. +* Charge back/Unauthorized transaction protection. +* Can improve credit score for cheaper loans. +* Other offers such as zero cost EMI etc., + +Note that credit card should mainly be used as an expense tracking tool rather than being used for splurging. IMO, spending more than you earn can happen even without a credit card and it indicates a deeper behavioral issue rather an issue with Credit cards themselves. The credit free period, reward points etc., should be a criteria to choose which credit card rather than to use credit cards themselves. + +# How to choose a credit card? + +This is probably the most important topic. There are are tons of cards out there but choosing a credit card should be simple, + +* No annual fees. Regardless of how much you spend, there should not be any fee. Any card that says fees are waived off after spending X amount encourages you to spend beyond what you need. We have enough headaches in life and spending for saving should not be one. +* Not 100% based on our income and spending i.e our bank account. This is very hard. Most CC vendors give cards based on our income and spending. But there are cards which offer a decent credit line say 3 lakhs without much headache. This is needed since we might retire, we might choose to take a career break etc., +* Consistent cashback/rewards. Most CC will encourage use to spend more i.e if you spend 10K then 1% is the cashback whereas if you spend 20K then 2% is the cashback. Cashback/Rewards should be independent of how much we spend. +* Simple way to redeem rewards. We should be spending more to claim the rewards. As simple as that. +* No fuel surcharge and no other hidden charges. +* Other facilities - Chip based security, wireless payment etc., on top of the above points. +* Edit : Protection against fraud as /u/[lifeversace](https://www.reddit.com/user/lifeversace/) pointed out. + +Based on the above points we can rule out cards that give, + +* Air miles, Points that can be spent on fuel and other specific type of reward points. Nobody is flying now because of covid, but even then this is encouraging you to spend more just to claim your rewards. +* Other so called exclusive reward cards that tap into your mind to feel special. Free airline lounge, exclusive club access and all that useless stuff which again make you spend more. +* CC's which have entry barrier because of income. This is the most laughable part of it. Companies earn money from what we spend. This elitist mindset of having x amount of income to qualify for a card is absurd. It is logical if someone gets a lower credit line because of lesser income. + +Considering these factors and after years of credit card usage I found Amazon pay ICICI credit card to be the best. Why? + +* Consistent cashback. Yes Amazon pay CC has a bias, it gives 5% for stuff bought at amazon but I buy a lot from amazon anyway. It gives 2% flat for bill payments done via amazon pay. I pay for gas cylinder, mobile recharge, broadband bill, insurance premium (both life insurance and vehicle insurance through Acko which has additional cashback), electricity bill and more through it. This I usually spend regardless if I have a CC or not. 1% for everything else. +* No fuel surcharge non sense. This has a decent limit which I have not crossed. Surcharges get credited as reversal which is essentially zero charges. +* Not linked with my bank account and very less linked to spending pattern. The credit line offered to me is around 3.1L per month which is not much considering my monthly salary (not bragging but the idea is to decouple) . I would not say I shopped on amazon a lot. In total I have spent close to 3.5 Lakhs over the last 9 years in my Amazon account which includes Mobile phones, Cameras and other stuff that I have bought. This is definitely not a lot. +* No joining fees/annual fees and no entry barrier other than what I spent in Amazon regularly. +* Clean cashback. They get added to my amazon pay wallet which I can again use for paying my bills or spending on other stuff. But the choice is mine. + +Love to hear the thoughts of this community on this. +$950,000 in liquid assets and own my house and cars. I live in the South. I have a kidney issue that may be problematic in a few years. My question is simple - I grew up poor. My Dad died when I was 11 and it was tough growing up. I put myself through college, grad school and law school through work. After 21 years as a lawyer, I decided to enjoy my life and quit that BS. I've been retired since January but a buddy hired me on making a crazy amount of money for however many hours I want ( I chose around 15). I volunteer for several organizations. + +Here is my first problem. I feel like a loser since everyone I know is working and I'm just doing whatever day to day. Hiking, fishing and helping out around the neighborhood. How can I get over this feeling of worthlessness? It's not like I'm on disability like my neighbor who sits on his ass and gets his check and doesn't even want to contribute to society. I contribute to society every day with my volunteering and work my 15 hours but still feel kinda worthless. + +Second, I have never been able to spend money on myself. I can buy things for other people but can't spend it on myself. And I'm cheap as hell. I rarely go to dinner unless I go to half price sushi night up the street. How can I start spending my hard earned money on me instead of saving it for when I die and leave it to a relative? I travel to Colorado four times a year but take the redeye flight and sleep under the stars instead of spending $100 a night in a hotel. + +All comments are very appreciated. + +&#x200B; + +Edit 1: Thank you to everyone who responded to my posting. I appreciate the time and effort you put into your responses, and I am reading every post this afternoon. They have given me better insight into my retirement. I hope everybody has a great day. +>The provision would prevent investors from minimizing taxes by choosing the specific shares that are being sold when they sell part of a position. Instead, investors would have to sell their oldest shares first. + +If this passes, this would have monumental implications for the investment management industry, especially passive strategies like ETFs. Suddenly, mutual funds that have been holding on to certain lots for decades will be generating huge capital gains that will have to be distributed to investors. Think of all the turnover that will occur at the end of the year as investors try to reset their tax cost basis. The vintage of a mutual fund would now be paramount, as nobody would want to invest in an older fund with embedded gains. I'm sure Vanguard is doing everything they can at the moment to prevent this from happening. + +Edit: I've seen some comments that this doesn't impact you if have a retirement account such as a 401(k) or IRA, where gains aren't taxed anyway. While this is mostly true, it's not entirely correct. If you own shares in a mutual fund, that fund will inevitably generate much larger realized gains as a result of this mandate. Thus, at the end of the fiscal year, the amount distributed to investors will be higher (distributions consists of both dividends and realized capital gains). Because of this, the portfolio will have to sell more assets to fund this distribution. Higher turnover means higher transaction costs, and it also could mean deviating away from the fund's desired asset allocation. +>The provision would prevent investors from minimizing taxes by choosing the specific shares that are being sold when they sell part of a position. Instead, investors would have to sell their oldest shares first. + +If this passes, this would have monumental implications for the investment management industry, especially passive strategies like ETFs. Suddenly, mutual funds that have been holding on to certain lots for decades will be generating huge capital gains that will have to be distributed to investors. Think of all the turnover that will occur at the end of the year as investors try to reset their tax cost basis. The vintage of a mutual fund would now be paramount, as nobody would want to invest in an older fund with embedded gains. I'm sure Vanguard is doing everything they can at the moment to prevent this from happening. + +Edit: I've seen some comments that this doesn't impact you if have a retirement account such as a 401(k) or IRA, where gains aren't taxed anyway. While this is mostly true, it's not entirely correct. If you own shares in a mutual fund, that fund will inevitably generate much larger realized gains as a result of this mandate. Thus, at the end of the fiscal year, the amount distributed to investors will be higher (distributions consists of both dividends and realized capital gains). Because of this, the portfolio will have to sell more assets to fund this distribution. Higher turnover means higher transaction costs, and it also could mean deviating away from the fund's desired asset allocation. +My individual portfolio currently has about $32k in it. It is very diversified and about 15% of it is in PLTR. + +Tomorrow morning I will be selling everything that isn't PLTR and putting it into PLTR. Why am I doing this? Because I don't like my 9-5 job. I will either end up rich or losing it all. Either way, whatever happens happens. + +Edit: Markets are closed tomorrow. Doh. Tuesday I guess. +https://www.efinancialcareers.com/news/2021/07/zoltan-pozsar-credit-suisse +>Pozsar estimates that use of the facility has jumped by $300bn since the Fed increased the interest rate on the RRP from 0 to 5bps last month: the higher rate means it no longer makes any sense to hold lower yielding Treasury bills and Pozsar thinks money will continue to flow into the RRP throughout the summer, with up to $1.3 trillion being switched out of Treasury bills by August. **This in turn could cause issues for the $400bn of Treasury bills that Pozsar calculates will still need to be bought by banks over the next two months, and which are likely to be purchased with non-operating deposits at banks like JPMorgan and Bank of America, which could in turn have curious effects on the markets as banks have less to put into FX swaps, longer dated Treasury bills or mortgaged backed securities.** +When mentioning material possesions on this sub, people often refer to their most regrettable purchases. + + + So I ask the opposite: What item turned out be your most worthwhile purchase? +If you are trying to DRS shares you've bought that have already settled, from any broker, and they are telling you it will be a few weeks or more, then they do not actually own your shares! + +There is absolutely no reason that it should take more than 3 to 5 days to DRS your shares to ComputerShare. It is not a transaction, it's simply a transfer from the broker to you. There should be no issue locating shares to transfer if they had actually owned them in the first place. + +Talk is cheap, it's time to start taking action. It's clear the SEC wants no part of doing the right thing (please prove me wrong with your "report" GG). So bring the issue to the next best thing. Attention is starting to shift, it's time to expose to the world just how corrupt this system has become; and let those complicit know that we are aware of what is going on. + +[Here's a link](https://www.consumerfinance.gov/ask-cfpb/how-do-i-find-my-states-bank-regulator-en-1637/) to the CFPB website to find your states appropriate committee to contact. +Okay so that is somewhat wrong I understand the economics of bitcoin, in so far that It is used as a hedge against Inflation. + +What i don't get is why? Bitcoin is a currency, with very few actual uses. Exchanging money and micro transactions seem to be the major ones. So demand for bitcoin as a product is relatively stable. The Economic aspect of bitcoin is what confuses me. + +The price for bitcoin at the moment is not driven by consumer demand but rather by economic stockpiling, here is what confuses me, Stockpiling bitcoin makes sense if you have a bitcoin standard denomination, but almost nobody does. In the event of a complete global Economic meltdown bitcoin really does nothing for you.. so why do individuals/companies/governments stockpile bitcoin? + +essentially if the world was to collapse you wont swap bitcoins for a cow, because you cant eat bitcoins and its value is only implied by market forces. + +tl/dr economic meltdown L: nobody has money to buy bitcoins and no actual need for bitcoin why would they swap you for it.. why buy bitcoin? + +I've been lurking on povertyfinance for a while, and I'd like to mention something that has worked for me, and worked for my brother in law... and could work for many of you. I see posts where people work in various retail, food service, or even office jobs, and there's nothing wrong with that at all. But I don't see anyone talking about machine shops and fabrication shops. I'm in the US, and there are absolutely still manufacturing jobs in the US, despite what you may hear in the media or other places. + +I'll tell my story, where I left a 12 hour per day, seven day per week (and sometimes all night) job, and entered an interesting field of work with no references, no experience, and no idea that *such a job was even something that was scientifically possible.* + +I had an interview with a shop in Tulsa that did work for various companies - oil and gas, aerospace, defense, etc. They had brakes (Large machines that bend metal sheets/plates) rolls (Machines which roll plates into cylinders) welders, and... + +...Lasers. Lasers which cut metals, up to 1 1/4" (32mm) thick. I didn't know that was a thing until that day. I was decent at math, could read calipers and a tape measure, and could read prints. They hired me. I was put on a CNC plate laser (Which cuts flat material) and a young guy was tasked with training me... Young guy wasn't a good trainer, but he was good at being useless, rude, and often high. So I figured the machine out myself, after a bit of trial and error. I worked there for about a year, then when I noticed that I wouldn't ever be paid more than what I was making, I went off in search for another job. With Laser experience, it wasn't hard. Ended up at a complete shithole for about two months running a burntable, (Oxyfuel torches, cnc controlled, cutting plate up to 3" thick) and got another laser job for a little more money. Worked there for a while, but was working six days a week. I fixed a few issues they were having with their laser and it's programming. I found another job willing to pay me $2 more per hour to start, and I put in my notice - they begged for two weeks for me to stay, but wouldn't budge on the "We work until we're done" 16+ hour per day, six days per week nonsense. So I went on to a great shop, running a well-maintained Amada plate laser. Around this time, my brother in law was working retail, and was being told by his mom and the she-beast that was his wife that he could never, ever get a better job. I got him a job as a shop helper. He learned to run a brake, and the plasma table. More importantly, he realized that he *could* operate these machines, no matter what a bunch of unemployed people in his life were telling him. + +After two years in that shop, they started to have trouble paying people, so I left before I ended up working for free. Went to a shop that made air components (valves, controls, etc) for machinery, and learned to run a punch press. Not a bad place, and wish I'd stayed there sometimes, but the boss critter was a real problem. Ended up in ANOTHER place that had a few flat lasers, and as I had started to figure out - if you can run a laser in Tulsa, unemployment is something that happens to other people. The same can be said for a plasma operator, brake, roll, mill, or lathe operator. My brother in law has no trouble finding jobs now, and makes more money than he could have in retail. + +I work in a place now running a tube laser (cuts steel structural sections like I-beam, angle, square tube, rectangle tube, and pipe) and while not every day is sunshine and bunny farts, I have job security, I don't have to deal with customers, and in the past several years (This saga started in 2012) I have learned several different CNC controllers, several different lasers, laser maintenance and repair, drafting, 3d modeling in Solidworks, Inventor, and Fusion 360, G-code, and an embarrassing amount of CNC programming. + +So don't be afraid to go talk to someone at a steel shop, even if you don't know what you're doing. If you can show up every day, sober, and are willing to learn, you will learn to do something amazing, and you will start to see things that *you have made* popping up around you. + +EDIT: This blew up more than I thought it would. I'm sorry I've not been able to answer everyone's comments - worked a 12 today. I hope that I helped open everyone's mind to the idea that working with your hands and your mind is something most people can get into, that is rewarding in more ways than just financially. Thanks for the silver, kind redditor! +Went to fill up my tank today. 60$ in the tank. Okay that sucks. Goes home and checks my account… 170$ charged ?!?!?? + + +I’m livid obviously and I go back to the gas station and make a scene like Wtf?! Lady just goes, yup we’re doing that now. Don’t worry it’ll be back in a few days. We just charge extra to make sure you have the money! + +I’m like what if I had bills tomorrow or rent due or like literally anything else! I’m on very fixed budget and this is absolutely unacceptable! I’m not sure how common this will be come but I’m absolutely dead inside at this. + +They should at least tell people?!?!!????? Like Wtf?? I guess I’m gonna start using all cash ?! + +Just a warning? PSA? That some gas stations are starting to do this and I don’t know why?! Do they hate us? +My wife, over a year ago, thought she submitted three paystubs to qualify for deferment for a year. We currently work overseas, and never received an email or phone call about her loans that she hadn't ever actually done that. Incredibly stupid of us not to double check that everything was OK, but here we are. The first message we received (sent to her mother, which we have listed as our physical address in the US) was that her loans had been sent to a collections agency. Her loans are about 22k. Is there anything that we can do to properly get her loans deferred, or is it too late at this point and we just have to deal with a collections agency? +$SAFEMARS + +&#x200B; + +UNRUGGABLE: LP tokens burned, presale remaining tokens burned (see tx hashes below) + +WEBSITE: [https://www.safemarscrypto.com/](https://www.safemarscrypto.com/) + +BUY: [https://exchange.pancakeswap.finance/#/swap?inputCurrency=0x3ad9594151886ce8538c1ff615efa2385a8c3a88](https://exchange.pancakeswap.finance/#/swap?inputCurrency=0x3ad9594151886ce8538c1ff615efa2385a8c3a88) + +GRAPH/USD: [https://goswappcharts.web.app/?isbsc=true&tokenId=0x3aD9594151886Ce8538C1ff615EFa2385a8C3A88](https://goswappcharts.web.app/?isbsc=true&tokenId=0x3aD9594151886Ce8538C1ff615EFa2385a8C3A88) + +GRAPH/BNB: [https://unidexbeta.app/bscCharting?token=0x3aD9594151886Ce8538C1ff615EFa2385a8C3A88](https://unidexbeta.app/bscCharting?token=0x3aD9594151886Ce8538C1ff615EFa2385a8C3A88) + +TELEGRAM: [https://t.me/safemars](https://t.me/safemars) + +&#x200B; + +This is a COMMUNITY GOVERNED token! After launch we will: + +\- have regular votes where the community decides the direction + +\- LP tokens will be burned + +\- community contributions are encouraged, let's take this to Mars together! + +&#x200B; + +RFI + LIQ + +We're gonna make everyone's (trading) life easier by lowering the fees: + +♻2% of all trades are redistributed to holders + +2% of all trades are auto-locked inside liquidity provider on PancakeSwap + +&#x200B; + +So make sure to set slippage to 5% + +Fair launch: Initially there will be a max tx amount of 5 000 000 000 000 SAFEMARS (or 0.5 BNB at listing price) + +&#x200B; + +Manual Burns & Buy-Backs + +&#x200B; + +Total supply: 1 000 000 000 000 000 + +Presale: 200 000 000 000 000 (1 BNB = 10 000 000 000 000) + +Liquidity: 18 BNB + 180 000 000 000 000 (same listing price as presale) + +&#x200B; + +Contract address: [https://bscscan.com/address/0x3ad9594151886ce8538c1ff615efa2385a8c3a88](https://bscscan.com/address/0x3ad9594151886ce8538c1ff615efa2385a8c3a88) + +Token address: [https://bscscan.com/token/0x3ad9594151886ce8538c1ff615efa2385a8c3a88](https://bscscan.com/token/0x3ad9594151886ce8538c1ff615efa2385a8c3a88) + +LP tokens burned: [https://bscscan.com/tx/0x6f4dec72265cda0acbc056d9bf2c19cdc182c873b48fd8329a9f9201c477e829](https://bscscan.com/tx/0x6f4dec72265cda0acbc056d9bf2c19cdc182c873b48fd8329a9f9201c477e829) + +Remaining tokens after presale burned: [https://bscscan.com/tx/0xbcd9961aae5f68798632dc05f860a60e29e7750137c07166ec16c1b6e08e8a88](https://bscscan.com/tx/0xbcd9961aae5f68798632dc05f860a60e29e7750137c07166ec16c1b6e08e8a88) + +&#x200B; + +Roadmap: + +✅ Presale completed (reduced hardcap by 60% on community vote) + +✅ Fair launch with buy limit + +✅ LP tokens burned (liquidity locked FOREVER) + +✅ 53% remaining tokens BURNED (circ supply reduced in half) + +✅ Unirocket bot + +✅ Website and Twitter launch + +✅ Applied for Coingecko ⌛️ (waiting for listing) + +✅ Applied for Coinmarketcap ⌛️ (waiting for listing) + +✅ Marketing (ongoing) + +🟡 Apply to list on exchanges + +🟡 New platform extensions + +🟡 Website redesign + +🟡 More marketing efforts + +🟡 New community votes (e.g. changing taxes!) + +&#x200B; + +&#x200B; + +It is very early on this one. No website yet, but dev on telegram seems ok. DYOR as always. +With the market still recovering from Elon Musk’s tweet ADA has held steady and continued to grow reaching a new ATH of $2! + +Hopefully one day the project can regain #4 spot on by overtaking the almighty dogecojn /s - no seriously, it still has a higher market cap! + +I can’t wait to see where we end up as thing (hopefully) continue to recover! + +Edit: if (when) it hits $2.30, it’ll knock doge out of fourth! Cool site: https://thecoinperspective.com + +Edit2: we are back in fourth! Ada is up 12% and doge(y) is down 6% 🚀 + +Edit3: if you are new to the ADA family, r/Cardano is a very welcoming place! This stickied post is a comprehensive get started guide including details on staking that earns 5-8% on your stack- https://www.reddit.com/r/cardano/comments/lnj5ne/getting_started_guide_a_newbies_guide_to_cardano/?utm_source=share&amp;utm_medium=ios_app&amp;utm_name=iossmf +I hear theres another strain of the Rony Rona popping up causing the UK to shut down + +More shut down = more unemployment = more unemployment checks = more stimulus bills + +More shut down = people not having places to spend money = buying stonks = market pumps = more people joining WSB = we get stronger + +More corona cases = more people dying = more people who cant sell + +Were going to the moon boys 🚀 🚀 🚀 🚀 🚀 + Hi, +I have been offered an investment opportunity through my colleague. Its a private investment club company incorporated in Sweden by his family member. Some of my colleagues already put in tens of thousands euros into it. In fact some have even taken out loans for this. I am staying away from it, because for me it sounds too good to be true but I would like to hear your input: + +* the Key Investor Information document mentions trading mostly FIAT currencies and some cryptocurrency +* the (programmer) colleague told me that he coded a special trading algorithm for this company (owned by his family member) that does high frequency trading +* access fee to be able to join the platform, 30€ or so + 2%/20% from investment/profit +* they have several funds which are opened periodically and if you enter them, you cant exit them for a set period of time, else you would have to pay a 8% fee +* look [at the image here](https://imgur.com/a/oanVyd5) for the returns (its the return for the set amount of time), the average annualized return rate could be perhaps 80%! +* the most shady thing - they have a graph of daily profits and the line is absolutely smooth, in fact there is not a single day with a loss, [see the picture (the green line are the profits)](https://imgur.com/a/gEJC3aR) and the profits are +- same every day. I have been told that its because they have been capped by the Swedish finance regulator - literally because they are "making too much profit" otherwise they would be making even bigger profits. Is that possible? +* the colleague encourages more people to enter and always tells people that they should move their profits from one fund after it expires to a new fund in the dashboard +* they insist that they know the founder etc. so I can trust this whole thing + +Could this be legit? Or is it a pyramid/ponzi scheme? +My landlord doesn’t live in the US (if that matters) and has requested that I pay rent via PayPal. The first time I made the payment, I labeled it as goods and services. Shortly after, I received an email from my landlord telling me to label it as personal. This didn’t sit right with me so I kept labeling it as a business transaction. Well, rent is due tomorrow and I just got an aggressive email about how rent needs to be labeled as personal and that PayPal wants “too much information” for a business transaction. I’m convinced this has to be a way to dodge taxes but I don’t know enough about PayPal and how the IRS keeps track of things like this. + +Today, I decided to just give in and label it as personal since I already have a somewhat rocky relationship with the landlord. Turns out when I do that, I now have to pay the fee. Nowhere in my lease agreement does it say that I have to pay these fees. Can my landlord make me pay these fees? + +Edit - this is a reoccurring question. My lease states that I pay rent by the first of the month through PayPal using the landlords email. There are no specifics beyond this. The request to label the transaction as personal came after I had moved in. There is also no mention of paying any fees that may occur. + +Edit - from what I’m aware, this person does own the property. At least, the name on the deed and the name on the email match, not that’s much to go off of. I have never met this person nor do they speak English. If I am getting scammed or someone hacked their account and is posing as them, I honestly wouldn’t know. We do have a property manager who has met this person but I don’t know much beyond that. +I currently work in my dream job. I was one of those ridiculous people who decided to study what they enjoy at uni rather than making a vocational choice. I finished a Arts/Asian Studies degree majoring in politics, History and Japanese. I met my ex-husband just after I graduated and ended up following him around the world so he could pursue his career. I then had kids and stayed home with them. As a result I had practically no job experience as I never stayed anywhere long enough and visa/language reasons. + +By some fluke I landed my current job which is exactly what I love. I work for a Japanese newspaper assisting the foreign correspondent. I get to travel across the region and interview experts and interesting people finding out the meat of a story. I love researching and I find my work rewarding and feel that it's a good use of my skill set. However the pay is craptacular, including my yearly bonus I get 55k, it goes up with the the cpi each year but that's pretty much it. This year I was given an extra 1.2 k increase because my boss argued with head office I deserved more. There is no possibility of moving up as that would require me moving overseas and I obviously don't want to take the kids away from their dad. + +I really don't want to leave my job but I'm a single mum with two kids and I'm approaching 40. I had only 6k in superannuation when we came back to Australia and after working almost 4 years I've been able to increase it to 57k through salary sacrificing. We live a pretty good lifestyle but I feel like financially I'm treading water. I love Sydney, grew up here and would like to be able to afford to retire here. + +I'm thinking I need to start looking for a new career before I get too old and unemployable. I was thinking a cushy government job with good leave entitlements so I can spend more holidays with the kids. Possibly go back to uni to become a nurse, which would be two years. Does anyone have any career advice for my situation? I have a ridiculous work ethic since I'm half Asian and grew up with a tiger mum but I'd like to not be the last person to pick up the kids from after school care every day. I don't need a huge income, anything over 70k is sweet for me as I can save a few k each year on my current income and have no desire to spend much more. + +So I need some advice on how to line my ducks up to change careers, what age would be the maximum at which it would be difficult make a career change? And what sort of careers might be a good idea? + +Tldr approaching 40, need to get a higher paying job, career advice needed. +Average arbitrage fund from ICICI, UTI, etc are currently moving at a 3.9-4.2% yearly return since the 2020 market crash. Could anyone shed light for this decrease in returns from a yearly return of 4.7-5% earlier? Is there a decrease of arbitrage spread between the F&O and cash market and is it expected to normalise again? + +At current returns above, it does not make sense to park substantial amounts for 1-2 years in these funds even for a 30% tax bracket investor. A 6.5% FD from banks such as IndusInd provides a post tax return of 4.55%. How do people on this thread park substantial amounts of money to maximize post tax return? +When in doubt, zoom out. + +https://uk.tradingview.com/chart/BTCUSD/rj2mYmlJ-Bitcoin-is-dead-long-live-Bitcoin-bulls-v-bears-since-2011/ + +So, I had a look at BTC since 2011 on a weekly. It's basically just a continuation pattern of bull flags, save that Mt Gox prolonged bear markets, where a few big old bear flags reared their heads. + +Where we are right now might seem like the end of the world, and I know people are hurting, but it's just another milestone on the journey of crypto. + +It won't last forever, and BTC (and the rest of the market) will eventually break out of the current huge bull flag, probably soon, going on the span of other downtrends in history. + +The chart is also here as a flat image: https://uk.tradingview.com/x/9ccjwync/ + +Edit for the pedant below: this is a LOG scale chart +I thought this might be of interest as I don’t work for a tech company or as a doctor making 6 figures, I’ve made a pretty modest income but have had a very high savings rate. + +#Background: +25 years old, single, pilot. I graduated college about 3.5 years ago with $40k in student debt. I didn’t have a real “big boy” job until about 6 months after I graduated. + +I’ve always been financially literate, thanks to my father. He kept me out of the super expensive brand name schools (embry riddle), taught me how to save and invest money, and most importantly instilled a non-stop work ethic. Combined with reading financial subreddits almost daily, I think I have a good amount of financial knowledge. + +#Timeline, all at the end of the stated year. +**2017:** NW: -$35000. Salary $55000. Started my first real job after college in late 2017. The first few months of making that much money I went a bit overboard, after tax I was making something like $2800/mo and spending all of it. A few months of wondering where all of my money was going, I realized I needed to cut back on my expenses. + +**2018:** NW: -12K ish. Same job. Increased salary to $68k. Aggressively paying off my student loans, with something like $20k left. + +**2019:** NW: $17000. Started a new job at the end of 2019. Now hourly, but make between $60-80/year depending on how much I work. + +**2020:** NW: $67000. Same job. Ended up grossing $61k. Moved in with my parents during covid as my job security decreased. My expenses became nearly 0. I saved massive amounts of money as I was fearful for an extended furlough. I was lucky and was never furloughed. + +**April 2021:** NW: $101000. Stock market gains and low expenses have fueled my savings over Q1. My most recent paycheck finally pushed me to six figures. I have worked as much as humanly possible this year and have grossed $35k YTD. I don’t think I can multiply that by four to make $120k+ this year though. + +#Lessons Learned: +While I absolutely love money, seeing my accounts grow day by day, and working as much as possible to see my paycheck be what it has been, I do realize I have neglected a lot of social aspects of life. I haven’t dated anyone in years. The only people I hang out with are coworkers on layovers. I have a friend group from college, but we are spread all over the US. I am most definitely lonely at times and I feel helpless. I can make excuses all day for why this is, but in general it’s a combination of self confidence issues and frugality. + +I really do love my job. I often get home from work and sit around waiting to go back out. Why would I sit here and play video games when I could be getting paid to fly? + +DAY TRADING WILL FUCK YOU. I learned about Wallstreetbets back in like 2018. This was after the crazy bitcoin runup and drop. I decided to get more involved with investing. I learn best by doing, and that involved me losing lots of money on options and stocks. It was addicting. I learned a lot, but I lost a lot of money. Eventually I figured out day trading was a total waste of time. I see peers doing it now and I get a chuckle when I see them think they are JP Morgan himself, since I was there once. Ultimately, using emotion of any kind to make trades is a poor idea. + +Don’t touch your 401k. In 2018, at the height of me trying to be the wolf of wall street, I switched my 401k to all bonds just before the market dropped hard in October. I thought that this was the next recession and bonds would be a good profitable placeholder until the bottom hit. I did well with the bonds, but ultimately I held them too long and missed out on gains. + +My brokerage account grew massively in 2020 for various reasons related to job security. My industry (the airlines) has been in the worst shape it has ever been in. Luckily, the government gave out grants to the airlines specifically to keep everyone on payroll during covid times. I made as much as possible and saved it all. I didn’t want to get stuck with a 1-2 year furlough with all of my money in a 401k. So my savings account grew. And grew. And grew. My “emergency fund” could now last me nearly 3 years on my current expense rate, and probably even longer if I really went barebones. I realized it was fucking stupid to have like $30k as an emergency fund when my expenses were $500/mo. I decided to invest the majority of that in index funds. I finally realized I was putting 2-3k/mo into my brokerage and needed to up my 401k contribution. Currently I sit at a 50% contribution to my roth 401k. This allows me to contribute that same 2-3k/mo to investments, with enough take home to cover my expenses. + +Dogecoin. Wow. I mined dogecoin on my computer back when it was created in 2013/14. Had 150k doge. Converted it to Bitcoin in 2017 when it was getting close to $.01. Look at it now lol + +#The future: +I don’t have a desire to have the standard American lifestyle of get married, have 2.5 kids, live in the suburbs, etc. I would much rather spend most of my time traveling, seeing new things, meeting new people. + +Student loans are deferred until September. Ideally once they become active again I’ll pay them off in full, unless the government decides to erase some of them. Its only $6k at 3.5%. + +Ideally this summer I will reduce how much I work and take time off to enjoy the good weather, my travel benefits, and easing covid restrictions. + +I am actively looking for a new job as I would like to relocate to another area of the US. + +I realize this is Financial independence, where people generally want to retire early. I’m not sure I want to do that. I really like what I do. I get to go on vacation all the time, whether that’s during work or when I have days off. Its pretty easy work for the most part. And when you’re old it pays really well as you have seniority. + +My long term goals are pretty simple. Have a smaller house somewhere west of the Rockies or in Hawaii. Be 100% electric, solar panels, battery backups, electric car. Have a big garden with all sorts of fruit trees and vegetable plants. I’m kind of a hippie at heart. Own a small airplane where I fly around the US on my days off. + +Overall, I’m proud of my accomplishment. It’s nice knowing I now have a nice nest egg to always fall back on in the event I get laid off or something. I think I need to reduce my savings rate/work less and have more fun. If you made it this far, thanks for reading. Would like to hear your thoughts :) + +#Edit + +Didn't realize that even this income level is still pretty high compared to others, didn't realize that at all since all of my peers seem to make more than me (or at least are renting really nice apartments, new cars, going out all the time, etc). Sorry if it came off as insensitive, mainly just wanted to show that its not only possible for people making 6 figures to get their finances in order. + +If you can take away one thing from this, its get into the workforce as soon as possible. I graduated in 3 years because I stayed during summers to finish school earlier. I still had peers pass me in certain aspects in school because I lagged behind in some things. I definitely benefited from graduating early and immediately getting into the workforce. I also had a set goal before I went to school and didn't change majors. Shit if you can get college classes completed in high school, do it. Make college as cheap and as quick as possible. But don't forget to have fun in college, I had a lot of fun there while still maintaining my goals of graduating early. +Considering the stock does vertical downward movements pretty fast like we saw a few days back from 151 to 136. Or like the one we saw on March 10th from 370+ to 180. Is it possible that they could pummel it down 50% from the time it opens ? + +Would love for some wrinkly brain to shed some light on how easy or hard would the stock movement be post-split? +The reason is that a lot of the household bills (which are about half in by name, half in his) are hard to pay from the other person's account. Payments say they go through on the online portal but then somehow don't a while later (this happens when I pay as well). + +It's very frustrating and we want to solve this. Plus have a common account for groceries and things like that. + +We'd both put equally into this new joint account. I said we'd need to do it at a separate bank not associated with the ones we use already just to avoid confusion. + +**Just being paranoid but if someone goes after him for whatever--student loans, a car accident, an overdraft--could it damage my credit or could they garnish my other accounts?** +The semiconductor sector has been falling considerably in the last months, but is there enough value in there? + +I used models to visualized the distribution of uncertainty around DCF valuations of big semiconductor stocks: Intel, AMD, NVIDIA, Qualcomm, TSM and Skywork solutions. + +Full analysis: [https://youtu.be/KyDEhuZZowg](https://youtu.be/KyDEhuZZowg) + +The verdict is that Qualcomm and Skywork solutions present the best risk/reward investement IMO, witht he least uncertainty around their discount potential. Intel is a close second, altough it present higher variance in returns between the best-case and the worst-case scenario. TSM is fairly valued, AMD is a mixed bag, and Nvidia is overvalued. + +Would love to hear your thoughts on investing in semiconductor stocks and whether you have a favourite and why. +When I first started working, I would save my money pretty well. Say I got a check for $350, I would deposit $300 into my account and take the $50 for myself to spend on whatever I wanted. I was living at home and the only bills I had to pay were for my car and phone. I kept that saving method up until covid hit, and then I didn't get call back from my boss (worked for him for 4 1/2 years) so I was out of work for about 4 months. + +Anyways, when I got another job I switched from a bank to a credit union and that's when I started using a debit card. It's one of the worst things that has happened to me financially. Though I don't go around spending too much on unnecessary things, it's just so damn easy to swipe that card or to enter it into a website for a subscription. Trying my best to go back to saving my money the way I always did. +I just graduated university with my bachelors degree almost 2 months ago and am actively job searching. My parents recently told me that I will be charged 20% of my income when once I get a job. Already since ive been home and getting unemployment they have asked me to pay two $250 bills with only one days notice. + +I want to save and be as financially prepared as possible as I have plans to move out with my bf when we can. But my parent have tendency to go back on financial agreements and have made it clear they wont give me a formal agreement on a set amount I will have to pay each month. They will throw a bill in on top of the rent if they want to. + +Just a break down of my savings & expected expenses + +•Current savings ~ $9,300 +•Potential rent ~$1,117-$1200 but me and bf will be splitting rent & utilities so my half should be ~ $750/month max +•Netflix= $15/month (we wont get cable) +•Whatever internet costs +•Student loan payments ($40,000 in loan debt) +•Car insurance ~ $200/month (I have no car payment, my car is paid off) + +And then of course I have groceries which we'll split and gas I will buy for my own car. + +Does it make more sense to stay home for longer or should I plan to get my own place as soon as I get a job? + +TL;DR: Parents not sticking to financial agreements, need to decide if I should move out asap or stay at home for longer term +Hello everyone, I recently landed a new job that offers a 401k plan and since my situation is very peculiar I thought it might be useful to ask here. + +I am 27, I am a foreigner and I work for an international organization based in the US. + +The 401k plan offered by my institution is managed by Principal. Now, I know how mostly people with negative experiences tend to leave online reviews so most review websites are not a representative sample, but feedback about Principal really looks too bad to be ignored. Multiple articles, posts and reviews online describe questionable business practices, very high fees and misleading behaviors systematically adopted by their staff (I found a post on Reddit that summarizes them exhaustively https://www.reddit.com/r/personalfinance/comments/l3wwdn/worried_about_my_principle_401k_lots_of_bad/ ). + +On top of that, my employer will contribute to this 401k plan the equivalent of 5% of my salary every year no matter how much I contribute (meaning that even if I put 0 dollars they will put this free money every year on the account). + +Last, since I know 401k plans have meaningful tax implications in the US please keep in mind that given the special legal status of my employer I DO NOT have to pay taxes on my salary while I would DO have to pay taxes on capital gains and earned dividends should I decide to open a brokerage account. + +Here’s my question: should I trust Principal and contribute 12-15% of my income to their 401k plan or is it better if I invest in a brokerage account and leave only my employer’s contribution in the 401k? IRA, HSA and other options are forbidden to people with my visa. + +I assume that even if I don’t get the immediate tax benefits of being pushed down to a lower bracket I would theoretically still enjoy the tax free growth of capital gains and dividends, correct? + +Thank you very much! + +EDIT: +Thank you very much for taking some time to respond, everyone was very helpful and I really appreciate it! + +Today I spoke with someone from the financial advisory department of my organization and I was told that I can choose a Roth 401k option which they explained that in my case will be tax free both in and out (no taxes on contributions since my salary is not taxable and no taxes on distributions since it’s a Roth plan). Honestly I am quite tempted to contribute something like 10% of my paycheck to this plan since I would basically enter tax free money and take out tax free money when I turn 60. Even if I won’t be living in America and I will need to pay taxes in the country I will be living in by then, probably the tax free grow will make it worth it. +I also looked into the issue of capital gain taxes with a brokerage account and in my specific visa case it would be a flat 30%, not exactly ideal. What do you think? +With TSLA, BTC, and many other small positions in my portfolio becoming substantial positions, I'm finding it increasingly difficult to focus on my day job. + +Trying to remind myself that consistent income and investments are essential for getting to my retirement number. Investing is not my day job, but after seeing a decade of working get shaved off from gains and a conservative FIRE age of 45 my brain just wants to think about this full-time (despite knowing I've encountered some considerable luck). + +I keep reminding myself we've just been in one of the best bull runs off all time, but I enjoy reading about technology, markets, etc. and wish I could do this as my primary job. + +How are others handling this today? How about through the 90's? +https://www.cnbc.com/2019/12/15/paypal-and-microsofts-employee-holiday-gift-thrill-working-parents.html + +PayPal, Microsoft and others are giving the gift of child care this holiday season so working parents can attend holiday office party and shop after hours. + +The online payments company and tech giant have teamed up with Bright Horizons, a provider of employer-sponsored child care. + +Microsoft and PayPal believe this initiative will raise productivity and create stronger relationships at the office +[FL] + +From what I’ve been recently advised, Wells Fargo is a criminal enterprise whose financial practices should be avoided at all costs. + +That was *after* I’ve banked with them for 7 months and keeping both a checking and a savings (with emergency fund) account. + +Edit: thanks everyone for your replies. I’ve learned that every major national bank is terrible in its own way. I’ll be switching over to MidFlorida, a local credit union with a great reputation for trustworthiness and convenience +Interesting development... + +https://www.rgj.com/story/money/business/2018/01/23/industrial-park-houses-tesla-gigafactory-nearly-sold-out-after-blockchains-deal/1059002001/ + +" Blockchains LLC, is purchasing 64,000 acres at the Tahoe-Reno Industrial Center, with the deal expected to fully close by the first week of February, said Lance Gilman, principal and director of the industrial park. + +The industrial park that plays host to Tesla, Google and Switch in the Reno area is almost sold out as a blockchain software company is finalizing plans to buy more than half of its land. + +The company specializes in financial services, security, software and apps using blockchain technology — a secure digital ledger or record that is typically associated with cryptocurrencies such as Bitcoin. Blockchains LLC specifically deals with the Ethereum blockchain, which anchors the second-biggest cryptocurrency in the world. The Ethereum cryptocurrency is only trumped by Bitcoin in terms of market cap." + +" Blockchains will use 150 of the acres it purchased at the industrial center to build a campus park that will house the company’s headquarters, Gilman said. What the company will do with the rest of the land remains to be seen. + +“I believe they’re going to showcase to the world everything that the blockchain technology is capable of,” Gilman said. “Now will they do all the work themselves or work with other developers to house other users? Only time will tell.” + + +I purchased a 5br/3b home in FL for 340k 3% down 30 year conventional, 4.375% interest / no points. + +* I spent $14.3k on closing costs, of which $10.2k was equity. +* I spent $8.8k on repairs and improvements (new AC system, electrical upgrades). +* I spent $13.5k on furnishings. + +My total invested to get the home up and running was \~$37k. + +I include utilities in the rent, they are \~6.8K/yr. + +I have averaged to collect $36k/yr or $3k/m in rent while I live in the master, between a mix of friends and LTR airbnb guests. This includes vacancies. + +The mortgage + utilities average $2820/m or \~$34K/yr. Thus my cash flow is roughly $2k/yr, but if I move out I can cash flow $12K/yr for LTR tenants I know which are much less work or $32k/yr for STR tenants on airbnb. + +The mortgage includes home insurance and property taxes. There is no HOA. + +This excludes appreciation, mortgage paydown, and low effective taxes due to deductions. I also just remodeled a bathroom for $10k. I am confident if I resell I can get at least $375k, the house is worth $400k. + +Does this sound like a good area to keep investing in? Does it seem like I am under charging on rent? + +My plan is to move out and rent the entire house while I do another house hack. + +Edit: clarifying a few things +Hello all, I’m looking for recommendations on replacing the carpet in one of our rental units. It will be about 900 square feet to cover two bedrooms and living room. + +We went to Home Depot this weekend and saw they offer free installation when purchasing carpet at > $1.49/sq ft and spend > $599. We will hit these requirements, so think this may be a good way to go. + +Fellow investors - how do you go about carpet replacement? Places to purchase, who you hire for installation (or do it yourself), etc. Also, looking for favorite brands, face weight, fiber, even colors. Give me all your tips! Trying to strike a balance between durability and choosing something cost-effective / not over investing. + +We looked into going the laminate route, but find it will be quite a bit more expensive (2-3 times as much), and we like the benefits of carpet for cold Midwest winters and sound dampening effects (the unit is in an up and down duplex). + +TIA +Hi all, + +I’m 22 and was wanting to ask you all about financial loss. I’ve made a couple poor investments in hindsight and have lost around $10,000. I was wondering if anyone has experienced financial loss and how to cope with it. Thanks again all. +Hertz announces they will place an initial order of 100,000 cars by 2022. Hertz will also be expanding its charging infrastructure. This has the downstream effect of introducing customers from one of the largest car rental companies to Tesla vehicles. + +https://www.marketwatch.com/story/tesla-stock-jumps-toward-another-record-after-hertzs-plan-to-buy-100-000-tesla-evs-11635166425 + +UPDATE: Musk confirms cars were sold at retail price. https://twitter.com/elonmusk/status/1452794619410927625?s=20 +So if stock is worth 100$ and dividend is 10% per year, I buy one stock for 100$ and then suddenly price of stock drop to 50$ do I get 10% dividend from buy price 100$ or market price 50$? + Vanguard: "So what will you be transferring?" + +Me: "xxx shares of Gamestop worth about 33K" + +Vanguard: "Just Gamestop?" + +Me: "Yeah, I'm kinda yolod" + +Vanguard: "Okay and it looks like your brokerage account in Vanguard is..... also... all Gamestop.... And your ROTH is also.... all gamestop.... So, why gamestop?" + +Me: "Sir, I just like the stock" + +Vanguard: "Nice... Have you considered diversification?" + +Me: "Sir, I am diversified. I own Gamestop in my brokerage and ROTH accounts" + +Vanguard: "Nice, okay well I'm going to transfer you to a specialist who can help you with your transfer" + +HAHAHA I can't imagine this dudes reaction hearing that from a 19 year old who is yolod on GME. + +IDK how to use emojis on my desktop but diamond hands apes +I just read Brian Caplan's crititue "[Why I Am Not an Austrian Economist](http://econfaculty.gmu.edu/bcaplan/whyaust.htm)", and it really made the Austrian school's greatest thinkers seem like they really didn't understand what they were critiquing when they attacked neoclassical economics. There are hardly any economists who currently subscribe to the school. Why does it get so much love on r/economics? + +Edit: Try and keep the discussion respectful and please adhere to rediquette (i.e. don't downvote a comment just because you disagree). +I just read Brian Caplan's crititue "[Why I Am Not an Austrian Economist](http://econfaculty.gmu.edu/bcaplan/whyaust.htm)", and it really made the Austrian school's greatest thinkers seem like they really didn't understand what they were critiquing when they attacked neoclassical economics. There are hardly any economists who currently subscribe to the school. Why does it get so much love on r/economics? + +Edit: Try and keep the discussion respectful and please adhere to rediquette (i.e. don't downvote a comment just because you disagree). +All in the title really. + +I was thinking of times that others and myself have found ourselves regretting buying/spending on something because it turned out to be a rip-off or a bad idea financially. Examples might be a phone/car/tech contract, an insurance product, or even a regular consumer product. + +Have you any to share? +As many, I was looking forward to the [DOMO AMA](https://www.youtube.com/watch?v=lSSajuW0kQI&t=424s) video and when we look back at earlier AMAs, the day after has been flooded with reactions. + +Also, it's 6 HOURS long - I believe this will make it more or less impossible for 90% of us to go through it - which makes it even more important to have posts about the main points. There's just no way I can spend 6 hours combing through a video, especially when there seems to be almost no-one talking about the content today. + +Today, I see no (no a single) response - no posts about (except, of course, the original AMA post) which I find quite odd. + +On one hand, I'm glad it didn't spark the controversy of the Alexis AMA but I had hoped to see some kind of reactions here today - why is there so quiet about this AMA now? +Considering that the American election is Soon, what are your expectations regarding its effect on the stocks. Specifically Americans stocks and US listed Chinese stocks. + +Im also curious if you think the outcome Will be different and if so, how do you think the outcome is going to be if Trump wins or if Biden wins + +If this is against the rules of this subreddit, I apologize in advance. +Maybe the people you work with have an idea, but what about your social circle? + +What percent do you feel have a reasonable approximation of where you are at financially and how comfortable would you be if your real life friends knew exactly how you were doing? +Most articles about how much to spend on a house use income rather than net worth as the primary metric. But for those of us who have FIRE’d, how are you supposed to decide how much house to buy? + +I plan to finance even though we could pay cash, so I’m essentially trying to decide how much leverage I’m comfortable with. Is there a metric I should be considering besides our personal risk tolerance? + +So I’m curious: how much real estate do you own as compared to your NW? For instance if you’re worth $5M and have two homes worth a combined $3M (regardless of your equity) I’d call that 60%. + +NOTE: I’m reposting this because it got taken down before without explanation. + +Edit: For comparison, the median US home price is about $270k and median net worth of US homeowners is around $255k, so the typical homeowner’s house is 106% of their NW. + +Edit 2: I’m specifically looking at TOTAL home value as a % of NW, NOT equity. Though both data points are valuable. +As all of you know, Robinhood has been down since the open yesterday morning and shows no signs of coming back anytime soon. To avoid multiple posts and comments about the same thing, please keep all discussion and questions about Robinhood's outage or switching to another broker in here. + +Check Robinhood's status [here](https://status.robinhood.com). + +###Anyone posting referral links to another brokerage will be permanently banned. + +~~It appears that Robinhood is finally back up. Feel free to post your gains or losses below. Come back tomorrow to see what Robinhood manages to do next.~~ + +To the surprise of absolutely no one, Robinhood is down again. Discuss below. +I seem to only be able to get a 15-year conventional mortgage for a duplex investment property that I’m considering, and not a 30-year. What might cause that? + +Strangely enough, some of the lenders said if my loan amount were higher (I.e. for a more expensive property) they could do a 30 year. +I'm overwhelmed by the possibilities, do I get something to put on AirBnb, do I go multifamily? Both? Where should I buy? I'm going crazy with the options here. +As the title says, as a RE investor, would you take on a higher mortgage rate if it meant getting property at a lower price? + +I have been in the market for a multi family home, and seeing some nice discounts, but obviously with mortgage rates increasing, it’s a tough decision. + +Edit: thank you all so much for the great info! To anybody who is interested in this question - seems as many investors will choose higher rates in return for lower property values due to the ability to refinance. +Utilities needed a few days worth of work. Water is on now, Electric will be on Monday, gas Tuesday. He knew that shit needed done and asked to move in a week before the gas would be on anyway. I advised him that I personally wouldn’t, but if he really wanted to I didn’t care. + +He called CE and trespassed into the other unit with CE to show him everything, got the place marked uninhabitable then he tried to lie about it (code enforcement told me) left and right and got absolutely crazy when I made him leave because he could no longer legally be there “but I gave you $1,200, that was all I have right now” so I told him to get his shit out that day since he caused the issue and can’t stay there, and I’d give him his $1200 back if the unit was in pristine condition, just so I wouldn’t have to deal with his nonsense for another year. He then begged to come back once the utilities were on and I told him to vacate and I’ll think about it. + +Side note: code enforcement broke the law by trespassing because the tenant let him into the back unit which is the one with utility access, which he doesn’t legally have access to, so their entire “uninhabitable” spiel is completely useless. I did however invite him back for an inspection in one weeks time when everything will be up to code. I did this because I don’t want to have a red target on my back, so I want to let him know I’m doing things by the book as best I can for a noob. + +Wtf do I do here? His shit is still there but I got him to confirm via text that he has vacated the property so I can change the locks if I want to. + +Do I let him come back despite him wanting to move in and then calling them about something he knew wouldn’t be on and then lying left and right about it (my fault for being a bit lenient on that, but live and learn) Or do I just take his deposit for breaking lease, which I can technically now do (could legally keep everything, but I’m not an asshole) and let him go find someone else? +So long story short, Chase sent me a letter and broke up with me, and gave me 30 days to withdraw cash and finish any other transactions needed. They also said I can't open a new account with Chase anymore. I called and asked for a reason but no one provided me one. I went to a branch and same thing. Has anyone experienced this and is it weird? +I’m too young to remember the economic impact of 2008 but I’ve heard a lot of people compare our current situation to a potential catalyst for a 2008 like situation. What are peoples thoughts who went through that? My first thought is that no one saw 2008 coming which is why it was so bad, whereas everyone has known we are screwed for almost a year now. But as I say I can’t really remember 2008 that much +I’m too young to remember the economic impact of 2008 but I’ve heard a lot of people compare our current situation to a potential catalyst for a 2008 like situation. What are peoples thoughts who went through that? My first thought is that no one saw 2008 coming which is why it was so bad, whereas everyone has known we are screwed for almost a year now. But as I say I can’t really remember 2008 that much +The last time The Fed raised rates was from 2015-2018. Look at a chart during that time. If you don’t, there was a heavy drop at the end of 2015 into the beginning of 2016, but then the market rallied from 2016 all the way through 2017 while they continued to increase the rate. It wasn’t until 2018 that the market started topping. There was a significant drop at the end of 2018 but it recovered quickly in 2019. + +The point here is that the market doesn’t implode and drop 70% just because The Fed raises rates. + +Now fast forward to today. If you look at the nasdaq, there is a possible double bottom pattern. The market is currently testing the lows from February and March. If the market can rebound from around these levels, the divergence in RSI on the daily chart and the MACD on the weekly chart will be confirmed. That would be very bullish for the next few months. + +Sure the markets could fall lower from here but this doesn’t look like a doomsday scenario to me. +I have read about the 2% rule of risk management. That every position shouldn’t be bigger than the 2% of your portfolio. + +Does this mean that if I have $10.000 I should have 50 positions of a $200 each? + +My main concern is that the more positions you have. You are more exposed. Any advice? +NFT is now the butt of jokes and its making crypto look bad. There is finally something that can show the world the capability of blockchains and what crypto is capable off, and instead it is turn into a cash grab of JPEGs and weird antics. It was kind of neat as a novelty but now not so much. + +But NFT is so much more and it deserves better. Lets change things by decoupling the JPEG from NFT. I will start first. Here is a random list. + +* Land deeds and proof of ownership. The really cool thing about this is that it can even over time keep track of changes to the property. + * There is a recent Florida auction that was sold this way and attracted over 7,000 bidders. +* Medical records. Imagine your own medical NFT ledger that you can give access to and can deny at will. This includes tracking your access of your data for research/insurance/marketing. + * George Church has started a genome sequencing company called Nebula that is exploring this. + * ever got to a new doctors office and filling a shit load of paper work, twice? Well with NFT it could be just a simple access request. +* IP/patents can be documented and verified so that there is no question who invented what. + * I'm not just talking about selling the NFT as a patent but literaly to track work related to the patents. This is a huge issue when it comes time to say who invented what and who gets the patent. The latest controversy was with CRISPR. +* any type of ID can now be easily verified and difficult to fake - that means someone can't just scan your driver license and make a clone of it. +* Ticketmaster killer, you know what I mean here. And NFT tickets can easily be linked to special subevents like autographs, special access and what not. +* Linking to real world assets to ensure authenticity. One I heard of recently is linking the odometer in cars and preventing people from turning it back. +* Anything that requires a real life contract. +* notary. +* etc. + +the point is that its not something hypothetical; its real and its probably one of the easiest way to increase use of cryptocurrency and blockchains. So lets not do it any more damage by constantly linking JPEGS/digital arts to NFT because its so much more. + +thanks for reading. + +**edit**, thanks for comments: The idea of the post was to open up the discussion for the potential of NFTs and not so much that this list is the only application or even the right application, lots of heated debate with strong opinions below, but regardless I think it achieve what it wanted to do which is open the discussion. +Saving where I could, while still giving my son a life he deserves, side jobs, overtime…today I paid off my credit cards, and after work I’m going to make the last payment on my truck. I’m breathing on my own this morning and I’ve been dropping serious man tears. Just keep your head up. +[Here is my portfolio.](https://imgur.com/a/dWyOOVM) + +Some Facts : +The average PE is 22. Dividend yield is 2%. Dividend growth is consistent at 10%. Payout Ratio is 40% and the EBIT growth is 10%. + +I'm a young investor so I want to buy the high yield stocks of tomorrow. I have a high exposure to the semiconductor industry because this is my field of competence. But they are all working in different fields in this Sector. TSMC is a pure play foundry, Intel an IDM, Shin-Etsu produces wafers and Lam research develops soft and hardware for the production. + I would like to hear your thoughts on this. +Welcome to the Daily General Discussion thread of /r/EthTrader. + +*** + +Thread guidelines: + +- Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss altcoins in the Daily Altcoin Discussion thread. +- All [sub rules](https://www.reddit.com/r/ethtrader/about/rules/) apply here so please be familiar with them. + +*** + + Resources and other information: + +* Find the latest Altcoin Discussion thread in [this search listing](https://www.reddit.com/r/ethtrader/search?q=author%3Aautomoderator+title%3Aaltcoin&include_over_18=on&sort=new&t=all). + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! + +https://www.cnbc.com/2019/10/03/bank-of-america-says-this-is-a-make-or-break-quarter-for-netflix.html + + +“Heading into 3Q earnings, we see a make or break quarter for Netflix,” Bank of America Merrill Lynch analyst Nat Schindler tells clients. + +The more cautious tone comes on the heels of a tough summer for Netflix, which has seen the price of its stock fall nearly 30% in under three months. + +Netflix, which reports earnings on Oct. 16, has never missed the company’s subscriber guidance two quarters in a row. +My partner and I are on the lookout for a home to live in, each Saturday we do the usual open homes and face huge crowds (40+ groups at times). + +Houses are sold basically as soon as the hit the market at the moment, and those that are available receive multiple offers. I've had a couple of different agents tell me that people are buying for well over what the properties are worth and I don't feel good about going down that path. + +Anyone else had or having a similar experience in Brisbane, or maybe a contrasting one? + +Would love to hear some different perspectives! +Am I one of the few people that prefers coming in to work? + +Just want to hear other peoples perspectives because I’d personally not enjoy working from home. And I love interacting and working with colleagues in person! I hate zoom calls. +So can any measure actually solve this if it's a supply shock and not solely a demand shock? + +https://www.nbcnews.com/politics/white-house/trump-weigh-coronavirus-stimulus-options-monday-including-paid-sick-leave-n1153291 +Hello UKPF, + +As everyone, I've seen the pound crashing last week. Just wondering what would you think would need to happen for this fall to stop and the exchange rates to "normalize" again against EUR and USD? + +Thanks! +This is going to be a pretty lengthy post, but I assure you it will be well worth the read. I suggest that if you don't have at least 30 minutes to an hour to go through this, you should come back later, it is a lot to take in. I spent the last 5 days straight digging into this, organizing the data, and making everything easy to understand for this post. I am sure there is probably some missing info and grammatical mistakes, so be kind, I can always edit this post to add it. + +&#x200B; + +**That said, tldr;** + +After careful analysis of the GME Token and all the transactions associated with it, it appears that it has all the markings of bailout for GME Shorts. The GME Token acted as a blockchain ledger to Trade Swaps prior to the January 21 Sneeze. The bailout money received didn't end up being enough to cover their short positions, so they were left with no choice but to shut down the buy button. The bailout was for up to $1 Trillion Dollars, of which $141.8 Billion Dollars was utilized. + +&#x200B; + +**HERE WE GO...** + +As many of you know there was GME token created right before the January 2021 Sneeze. At first glance one might just assume that this is just another pump and dump crypto scheme. However, after spending 5 days straight of digging into this thing, I have come to a complete and udder shocking conclusion. My findings after full analysis of this GME token was that it could only be one thing. **IT WAS A BACKDOOR BAILOUT SWAP AUCTION FOR SHORTS**. This mind sound crazy for on many levels, but I will show proof of how I came to this conclusion with pictures, transaction logs, and some simple math. + +&#x200B; + +Before I explain how I came to this conclusion I want to give a little pretext to the events of the GME Token transactions. It is significant to note that the GME Token was created late in the day and trading was done throughout the middle of the night when most retail traders were in bed or spending time with their families. The timing of the GME Token's release and trading times is extremely suspect, almost like they didn't want anyone to know about it or to get involved. The token was created/minted on **1/26/2021 at 23:46 UTC, 6:46pm EST, and 3:46pm PST** as indicated by the Genesis Block. The first trade took place 6 minutes later, which is suspicious in its own right, but later in this post it will be shown to be an extremely relevant transaction. The majority of the other trading actually begins 13 minutes after the Token is created and continues for almost exactly 15 hours until an "INTERVENTION" takes place. This intervention happened on **1/27/21 at 15:45 UTC, 10:45am EST, and 7:45am PST** about 1 hour and 14 minutes after the major exchanges opened up for trading. The last trade before intervention was at **15:14 UTC, 10:14am EST, and 7:14am PST** about 44 minutes after market open. The 2nd to last trade happened 16 minutes prior to market open. + +&#x200B; + +Before we start breaking down the transactions it is important to understand a few key details about the accounts and contracts involved with the trading. Any account that received GME Tokens by a "SINGLE" or by "MULTIPLE" transactions still **HOLDS THE SAME NUMBER OF TOKENS TO THIS DAY!** That means that whoever bought them never sold them even though the price was skyrocketing for the GME Tokens. Remember the very first transaction mentioned above, well based on their purchase price of the Tokens, if they sold any time before the intervention took place, they would have profited for a whopping **6500%**. So why didn't they sell??? They didn't sell because it wasn't an actual trade, none of these were trades, they were ALL SWAPS and the GME Token was the ledger for those swaps. I will explain what these swaps were for in more detail later in this post. It is also, worthy of note that there were 207 unique addresses involved with all transactions of the GME Token. **EXACTLY 200 OF THEM SEEM TO HAVE RECEIVED GME TOKENS!!** + +&#x200B; + +It is also quite interesting that all transactions for these swaps went through 2 different UNISWAP Contracts. All transactions were processed using the Uniswap Contracts **(UNISWAP V2: GME 2)** and **(UNISWAP V2: ROUTER 2)** making the sending addresses of the Tokens unavailable to view. Somebody clearly didn't want anyone to know the origins of the senders for these GME Tokens. For good reason too, this was huge bailout to the tune of $1 Trillion Dollars for GME Shorts. The $1 Trillion Dollars was cap for the bailout, but it looks like they only utilized $141.8 Billion of it. So why didn't they use the full $1 Trillion? Simple, because as the GME Tokens got swapped for Ethereum and the price kept going up, meaning that as the total bailout money increased so did the swap rate for Ethereum to GME Tokens. You can see from the log of Dex Trading Transactions that the rate almost non-stop increased until the final intervention. In other words, the swap rate for Ethereum was an increasing variable rate depending on the total bailout money utilization at that moment in time. + +&#x200B; + +Lastly, before we dive into the details of the transactions keep this one thing in mind, that is the GME Token was not an exact dollar to dollar or share to share swap. After careful calculations, it was found that the original 10,000,000 GME were not correlated to shares or direct 1 for 1 in terms of dollars. The goal was to keep transactions of Ethereum and Dollar amount low so as not raise any alarm bells or pay a bunch of unnecessary gas fees. **THIS WAS A BLOCKCHAIN LEDGER FOR THE BAILOUT TO KEEP TRACK OF WHO OWES WHAT!!!** + +**Here are the swap rates that were calculated:** + +**1 GME Token = $100,000** + +**10,000,000 GME Token (100% of Supply) = $1 Trillion** + +**Eth to GME Swap Rate: Variable From (1 Eth = 17,480 GME) to (1 Eth = 236 GME)** + +**Trade = Swap = GME Token = Bailout Token** + +&#x200B; + +Now that you have a decent understanding of what was going on, lets walk through exactly what happened and some of the key events along the way. + +https://preview.redd.it/x26zm3hdxd1a1.png?width=1612&format=png&auto=webp&s=333a162047f0209c535e85f0ed2ba22fa8264000 + +Here is the screen capture of the first sequence of events. You can see in **GRAY** when the Genesis Block was created for the minting of the GME Token. Next you can see the Address in **YELLOW** sends out 4 individual pools of bailout tokens for GME Shorts to cash in on. After the 4 transactions from **YELLOW** go through, you can see the First Swap Transaction take place, followed by 4 more transactions from **YELLOW**. So how did this first swap slip through before all the bailout tokens got disbursed? Well, because that particular GME Short was privileged, were probably upside down on their position more than most, and needed the bailout money at the lowest swap rate available. Any hunch who that might be? Who was down big time after the sneeze happened? Who got a big bailout by his Wall Street Buddies? How much were they bailed out for? Answer: + +https://preview.redd.it/6n5x6cfr2e1a1.png?width=879&format=png&auto=webp&s=912b153537859ddbc0db1c65eca3537ef2683ba6 + +So, Melvin Capital got $2.75 Billion from Citadel and Point72...Wow, that's interesting that is the exact amount for the first transaction in GME tokens when converted to BAILOUT MONEY. + +**Here is the Math:** + +**First Transaction = 27,486.46 GME Tokens** + +**REMEMBER, from above that 1 GME Token = $100,000, Therefore** + +**Bailout Total = 27,486.46 X $100,000 = $2,748,646,000 OR $2.75 BILLION DOLLARS** + +This also confirms that the GME Token was just a ledger for bailout money and the actual bailout was happening Offchain (Not on the blockchain) through other financial instruments. Although I did trace a wallet that had 70,000 Ethereum and liquidated it all on 5/20/21 and 5/21/21. + +&#x200B; + +CONTINUING ON: + +https://preview.redd.it/tpcg637b4e1a1.png?width=1612&format=png&auto=webp&s=9fa85742600af15f7fa37f7e49eb496d18a7d7b7 + +You can see that after all 8 Bailout Distributions took place that the normal Swap trading takes place for the rest of the GME Shorts. This normal swap trading continues for next 145 minutes until swap trading is SUDDENLY HALTED, and an intervention takes place. + +https://preview.redd.it/mkhz53125e1a1.png?width=1712&format=png&auto=webp&s=57368d7a6c5ad34545fb5d51c79d671894ab1ac7 + +Here you can see swap trading happened normally until **BLUE** intervened which is the **UNISWAP V2: ROUTER 2** and likely controlled by **YELLOW**. ETH Collateral was transferred out of the pool in exchange for the bailout money. The ETH was transferred from the **UNISWAP V2: GME 2** through the **UNISWAP V2: ROUTER 2**, to the **GME Token Creators Address (YELLOW)**. The Token Creator **YELLOW** then added liquidity back the pools to signal that trading of swaps may resume. + +**Intervention Stop was at 2:26 UTC, 9:26pm EST, and 6:26pm PST** + +**Intervention Start was at 3:24 UTC, 10:24pm EST, 7:24pm PST** + +&#x200B; + +It is clear to see that some entity intervened to stop the swap trading and collect the current collateral. Then initiated a signal that swap trading can continue approximately 1 hour later. **SO WHAT AND WHY WAS A HALT TRIGGERED AT THAT MOMENT???** Well, you wouldn't believe me if I told you...But I'm going to tell you anyways. In order to understand the halt you must take into account the total number of swaps (bailout tokens) issued out at that current moment in time. Turns out the total combined bailout tokens issued after the 2nd to the last transaction before the halt was 1,234,505.46. When the last transaction before the halt went through it crossed a SWAP LIMIT THRESHOLD. After the last transaction before the halt, the total bailout tokens issued was 1,234,568.37. + +&#x200B; + +So what **SWAP THRESHOLD LIMIT NUMBER** did it cross??? **NO JOKE, IT CROSSED A THRESHOLD OF 1,234,567.89...YES 1,234,567.89!!!!** You can't make this stuff! + +&#x200B; + +Continuing on from the previous image you can see that once **YELLOW** added liquidity back into the pool that normal swap trading resumed again. Regular swap trading resumed for a little over 3 hours until there was intervention by **YELLOW** the **GME TOKEN CREATOR.** + +&#x200B; + +https://preview.redd.it/90rrick1fe1a1.png?width=1572&format=png&auto=webp&s=3e755960815089c23d1f9d0f75494122f2631345 + +Here it looks **YELLOW** transferred Ethereum collateral out of the pool and then transferred GME Tokens to an unknown wallet, which was essentially a gift of bailout tokens for NO ETH! This same account that received the gift was also found to have over 70,000 ETH in it until it was liquidated on 5/20/21 and 5/21/21. It appears that there was also a gift of bailout tokens to a second party, who's wallet traces back to several Sub-Wallets all only being used strictly between January 12th and January 29th. It also looks like the 2nd gifted party still wanted to swap some ETH for additional bailout Tokens because the gift was not enough to cover their short positions. + +&#x200B; + +After that intervention normal swap trading continued until it closed. + +https://preview.redd.it/3rigbnynhe1a1.png?width=1578&format=png&auto=webp&s=b5c6e6746d14fc6f1311596b6ee6a56e27b7e514 + +Here you can see **BLUE** intervened again and trading halted. **YELLOW** never issued liquidity back into the pool, so all swap trading was now closed and halted. You can see that **YELLOW** then removed the last of the ETHEREUM COLLATERAL for the bailout tokens. There was also a very weird transaction that occurred 7 months later on 9/18/21 which I am still looking into. + +**Last Trade: 15:14 UTC, 10:14am EST, and 7:17am PST** + +**Trading Halted: 15:45 UTC, 10:45am EST, 7:45am PST** + +**Weird Trade: 9/18/2021, 15:59 UTC, 10:59am EST, 7:59am PST** + +&#x200B; + +My conclusion from digging into all this and processing the data in an unbiased fashion is that this was a bailout ledger using swaps. All the DD up to this point fits and plus RC has hinted at swaps A LOT. Also, the fact that all these transactions took place using a Uniswap Contract, IT HAS SWAP WRITTEN ALL OVER IT! So why was UNISWAP the primary avenue of these transactions?? Well, it looks like Citadel.One now has an extension in their platform to operate trades on UNISWAP, Pancake Swap, as well as others. + +https://preview.redd.it/xg4jtymzme1a1.png?width=793&format=png&auto=webp&s=8af3866884b964660f185270480b8dfe9ef75fc8 + +Was Citadel using this prior to the release to its customers? You can decide that one yourself. + +&#x200B; + +In Conclusion I think the events prior to and after the January 21 Sneeze had to many coincidences for it to be nothing. Here is my opinion on what actually happened during that time. This bailout was orchestrated in the heat of the night right before the sneeze. The total dollars issued from the bailout tokens was $141.8 Billion and they thought this was enough to get things under control. Little did they anticipate retails resilience to hold with diamond hands. The following 2 days GameStop rocketed up more than they anticipated, more then the bailout money could pay, more than they have ever seen. Even after the bailout money proving not enough to end their nightmare, they were left with but ONE Choice...TURN OFF THE BUY BUTTON! This however did not end their nightmare, it just prolonged it to an even greater inevitable nightmare! + +&#x200B; + +ADDITIONAL RESOURCES: + +[ALL MULTI-TRANSACTION WALLETS HAVE THE TOTAL SUM OF ALL TRANSACTIONS AND ARE STILL HOLDING ALL GME TOKENS](https://preview.redd.it/gajnqi60te1a1.png?width=1334&format=png&auto=webp&s=833630c9262eefd7d4600c56f76e010bac6f8b70) + +&#x200B; + +[ALL SINGLE-TRASACTION WALLETS AND ARE STILL HOLDING ALL GME TOKENS](https://preview.redd.it/e3jaguoote1a1.png?width=1332&format=png&auto=webp&s=1c062341c4208d25b94a262f4ccbbda6136010ca) + +&#x200B; + +This can be confirmed by comparing the current GME Token holders and matching up the wallet address to the transaction totals. + +https://preview.redd.it/pkweuthk2f1a1.png?width=980&format=png&auto=webp&s=84f41389a0f3ed0e6874b533bd0be2b3f7c86526 + +&#x200B; +I appreciate that this is a financial advice subreddit. The reason I've posted here is that I'm keen for the "demands" to ultimately benefit me financially - I just think a raw salary increase will not be accepted. I'm looking at courses etc. but is there anything else I might've forgotten? + +For context, I like my job and don't have any immediate plans to resign. I work in a relatively well paid profession. + +**Edit 1**: Thanks for the epic responses everyone. They want to bring this discussion on quick smart. Once I've had the discussion, I'll come back and provide an update of: (a) what I asked for; and (b) what I got! + +**Edit 2**: I've taken on the feedback regarding raw cash (notwithstanding some of the frankly unnecessarily rude comments) and asked for: (a) a raise to baseline salary; (b) two further education courses to be paid for over the next two years; and (c) four weeks of remote work per year, anywhere in the world with work to pay for flights/accommodation for two of those weeks every two years. + +Some further context that I think would have been helpful for those who have offered advice: (1) I already get paid quite a bit above market and more than I could get elsewhere; (2) I can't physically work much harder, so that's not a concern 😂; (3) corporate structure means equity is impossible; (4) not employed at-will and PTO rolls over forever already; and (5) taking away the hassle factor, I am entirely replaceable. + +**Edit 3**: Update. All requests accepted, but pay bump going up the chain to get approval which may mean it does not occur until a bit later in the year. +A year and a half ago I discovered my dad had taken out a credit card in my name. He admitted it and I gave him a time frame to pay it off. Not only did he not pay it off, he stopped paying it all together. Of course, this left a bad mark on my credit report. I called the CC company to report fraud and they shut the card down but, anyone have any ideas for getting it off my credit report? + +Edit - thank you so all so much for your supportive feedback. I contacted the card issuer and explained to them it was fraud - before I realized it was my father that took it out. I also did file a police report. By the grace of god, it no longer appears on my credit file as of today. Idk what I did bc I never actually had to write anything to the big 3 credit bureaus, but the fraudulent card does not appear. It’s good to know that some of you think this is abusive behavior on behalf of my father, I am embarrassed to say that when it first happened I was of course furious, but over time I nearly forgot about it. +Here’s a thought - maybe I could get some written documentation from the credit bureau/card issuer that states it was fraud and it has been handled and I am no longer liable to pay anything? +***EDIT*** Holy crap it is my cakeday! Thank you all for the happy cakeday wishes and of course for helping me with my problem + + +***EDIT*** +So after reading though alot of the comments you guys\gals left I sent an email to the HR supervisor stating that I would like to to see the documentation I signed to authorize this payroll deduction and that if no documentation could be found that they need to stop the payroll deduction immediately and refund me the amount that is owed. I also asked her to write up a itemized list showing the date and amount of each deduction and a total to show exactly what is owed to me (this was of course written very professionally over 3 or 4 paragraphs). + +I received a call about 15 minutes later from the supervisor stating she had good news and they talked to metlife who admitted " They made a keying error that applied an incorrect policy to him. They have since corrected it". +I told her that was odd since I have no policy with them how can they make a mistake to a non existent policy and on top of that get my payroll information and get funds taken out without my written authorization. She apologized a lot and said something to the lines of "Never in my 7 years of working here has this ever happened and it is truly a one off occurrence" (basically sidestepping the question and giving me a bs answer). + +Instead of arguing with her or getting mad, I just verified that the deductions have stopped and that they are sending me a check via fedex that I should get tomorrow. I do not want to get on the bad side of my HR (even though I know this is most likely 100% their fault) as I work in a at will state and can get fired for just about anything. So staying on HRs good side i think is the right more for me. + +Thank you all for your help on this issue and for sure you guys have help me speed up the process of getting this resolved. + +****End Edit**** + + + + +So the other week I logged into my payroll website to look at my paystub to see how much I would make on payday and I noticed an after tax deduction of $250. I looked back at all my previous paystubs and see metlife has been taking money from my payroll for a few months. I dont have anything with metlife and called my HR department who looked into it and said its for a auto and home insurance policy and they authorized metlife to deduct it from my payroll and if there was an error I would have to call metlfe. + +I called metlife and basically talked to 5 or 6 different people who all said I do not have any sort of an account with them and even if I did I would have had to fill out and sign paperwork that they would pass on to my HR department and my HR department would then give them the payroll information for them to take out the money. + +I called HR back and basically talked to a few people and a supervisor who said I need to talk to Metlife again, but she will open a ticket on her end to see if she can find out any information. + +I would like some help on how to approach this and get it sorted out. Any help would be appreciated + + +As the title states I have moved positions within my company. + +For some background, I was a supervisor for a little under a year when the entirety of the materials department quit (2 people, a manger and buyer/scheduler). I moved into the vacant roles and supported the business for ~2 months before they hired another manager. It was rough. I only had 4 days of training, but we got through it and I learned a lot.I wanted to stay in the buyer/scheduler position after the new manger came. + +A week ago they told me I had the position if I wanted it, and today they told me they would have to cut my pay by 5%. I feel this is extremely unfair givin how much I've helped the company by struggling to support 2 vacant roles for such a long time. Not to mention I've been here for over a year now and should be getting a raise. + +Should I fight harder for this? I think I deserve more. Do I have any other options? + +Thanks for your input. + +Edit: Had a long talk with my manager and HR. A lot of you were correct in saying that moving from a supervisory role to a buyer role was **technically a demotion (Shout out to the McDonald's example lol). So, my mistake in saying it was a "lateral move" because that is not true. I thought it was - everyone told me it would be, including my manager and his manager. Did not get that in writing, though. + +**Overall it doesn't feel like a demotion. I have more responsibilities and if I fail in this role it will cost the business significantly more than if I failed in the supervisory role. But I digress. They are firm in their decision so I will be moving forward with a lot of your suggestions. Thank you again for all the answers. +My Dad told me that the company he works for has a trading policy where he and any immediate family members living with him have to register all their trades and get them approved. He also said I have to close my Robinhood account because it is not a company-approved broker. He is not an executive or a 10% shareholder but he is apparently still subject to strict policy. Anytime I want to buy or sell something I have to ask the company for permission which I think is a little strange. I essentially can’t make any short-term trades because of all the hoops to jump through. I don’t mind handing over my account info just so they can passively monitor my transactions but the way they tell me how I can and can’t spend my own money feels kind of unfair and overbearing. +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. +St. Louis Federal Reserve President James Bullard said Thursday the central bank still has a lot of work to do before it brings inflation under control. A voting member on the rate-setting Federal Open Market Committee, Bullard delivered remarks centered on a rules-based approach to policymaking. Using standards set by Stanford economics professor John Taylor, Bullard insisted that the moves the Fed has made so far are insufficient. Even using assumptions he characterized as “generous” regarding the progress the Fed has made so far in its inflation fight, he noted in a series of slides that “the policy rate is not yet in a zone that may be considered sufficiently restrictive.” “To attain a sufficiently restrictive level, the policy rate will need to be increased further,” he added in the presentation. + +There’s little if any dissent on the Fed over whether rates need to continue to rise. Most members have suggested a few more increases over the next several months that will take the central bank’s benchmark overnight borrowing rate to around 5% from its current target range of 3.75%-4%. However, Bullard’s presentation argued that 5% could serve as the low range for the where the funds rate needs to be, and that upper bound could be closer to 7%. That is well out of sync with current market pricing, which also sees the fed funds rate topping out around 5%. + +Source: https://www.cnbc.com/2022/11/17/feds-bullard-says-rate-hikes-have-had-only-limited-effects-on-inflation-so-far.html +I'd like to make a checklist, to ensure I don't miss anything for any deals. + +The amounts will obviously vary, but what are all the categories one should keep in mind to determine cashflow? + +Mortgage payment, Insurance, Repairs, etc. +I would like to keep the funds for my rental home separate. Am I eligible to open a business banking account and things like that? Is there anything else I should be doing? +I went to the grocery store with my roommate \(25 y/o male\) on Sunday, and bought two sticks of deodorant. There was a little tab under the price tag that said "Coupon Available on the \[Kroger\] app!". + +I logged into the app, and it turns out the coupon was buy\-one\-get\-one\-free. So, I got the second stick for free, just for the effort of checking the app. I also had another coupon for my breakfast that was $0.50 off of a $1.49 item \(that I bought four of because they are shelf\-stable\). So, all together, I saved myself $4 for three minutes' worth of work. + +My roommate was laughing at the fact that I used *two* coupons in a sitting. I asked him why he was laughing, and he said "Coupons are for old ladies and weirdos." Well, sticks and stones. + +Obviously, like everything, there's got to be a balance, but I've resolved to check the coupons before heading over to the grocery. +https://www.cnbc.com/2019/05/02/warren-buffett-heads-into-berkshires-big-weekend-with-stock-underperforming-over-long-term.html + +Berkshire Hathaway shares are trailing the S&P 500 over the last one, five, 10 and 15 years. + +One Berkshire Hathaway stakeholder says they’re growing more uncomfortable with their position, given the company’s reluctance to flex its cash hoard. + +Berkshire Hathaway’s annual meeting, where 30,000 shareholders and Buffett fans gather in Omaha, Nebraska, is Saturday. +**“The FED is the Greater Fool…” Part 3...** + +**Prior to the Covid Crash in March of 2020, the FED was still bag hodling Bulge Bank toxic MBS debt from 2008. The FED MBS purchases were single handedly holding up the residential real estate market in the United States. Covid killed that market and now the large Banks are selling more MBS to the FED than ever before… This has caused the FED to lose support of the MBS market and it looks like all the marvelous DD written by our wrinkle brain APE FAM is finally coming to fruition…** + +[u/MilkDud2000](https://www.reddit.com/u/MilkDud2000/) + +[Source: https:\/\/www.glassdoor.com\/Benefits\/Federal-Reserve-Board-US-Benefits-EI\_IE142008.0,21\_IL.22,24\_IN1.htm](https://preview.redd.it/uxpr4ggnks291.png?width=1248&format=png&auto=webp&s=69aa44b71b05ff2f7ee74ae000c74b0ea63486b1) + +7% match and 160 hours vacation immediately. + +**The FED PAYS dividends to the member Banks…** + +The member banks get paid a 6% dividend from the FED every year… For taking money from the FED. This Dividend has been 6% annually since 1913. \\ + +[Source: https:\/\/www.forbes.com\/sites\/norbertmichel\/2015\/12\/21\/banks-should-not-be-forced-to-buy-stock-in-the-federal-reserve\/?sh=41a9cabb8d25](https://preview.redd.it/51nuwr7sks291.png?width=1302&format=png&auto=webp&s=f81025d8e27e4fe217aff4f2ecb7fb7b153202a7) + +Forbes knows it… but if you need more on this… Directly from the FED’s website… + +[Source: https:\/\/www.federalreserve.gov\/aboutthefed\/appendix-b-dividends.htm](https://preview.redd.it/2r9q0c4xks291.png?width=1212&format=png&auto=webp&s=6601eb5d2e7f20cb36e45e8a6835c0c60bc05898) + +[Source: https:\/\/www.federalreserve.gov\/aboutthefed\/appendix-b-dividends.htm](https://preview.redd.it/jfsv13g0ls291.png?width=1222&format=png&auto=webp&s=581044f25b8a79757367541d0752e5e98377ccbc) + +**And the FED member banks always get paid… The FED has a surplus fund that stores cash, so even if the FED loses money they still get paid. And their dividend has never changed… it's been 6% since 1913. While everyone else, and everything else is affected by the rates the FED sets… The FED pays their MemberBanks a SOLID 6% regardless of the underlying interest rate conditions, or 325 BPS over the 10 year as of close Friday.** + +Source: [https://www.federalreserve.gov/aboutthefed/appendix-b-dividends.htm](https://www.federalreserve.gov/aboutthefed/appendix-b-dividends.htm) + +**After Covid Happened - The FED was on the front lines, protecting us and the markets, once again.** + +[Source: https:\/\/www.dallasfed.org\/research\/economics\/2021\/0826.aspx](https://preview.redd.it/wvl1aia6ls291.png?width=1260&format=png&auto=webp&s=8b8c2de5ac9f26b422c2991310cc9870d6dfe4b0) + +https://preview.redd.it/es8e7f1als291.png?width=1226&format=png&auto=webp&s=db09e2d25369bdbcb23e0d09f7342c9635b4e2bf + +When Covid first happened - The FED spent $580 Billion on agency MBS during the first two months. Then $114 Billion per month after. It's on the chart below in the “gray” bottom right… + +**This information/chart put out by the Dallas FED, helped fully confirm my thesis.** + +[Source: https:\/\/www.dallasfed.org\/research\/economics\/2021\/0826.aspx](https://preview.redd.it/bj5xehxols291.png?width=1280&format=png&auto=webp&s=5b5c42c80a3c1f27b82b1ce5c851dbd9fa592324) + +**The “gray bars” are the FED MBS purchases… The blue and red is the price adjusted dividend yield. Blue is the fixed rate, red is the actual rate after the Discount from Par.** + +[Source: Yahoo finance “MBB” 15 year chart… ](https://preview.redd.it/axf6fnculs291.png?width=1264&format=png&auto=webp&s=5a46da4218751ffefccfcd406dc3d6d97db7b09a) + +MBB lines up perfectly with the FED spending. The Fed started to buy heavily at the end of 2011 (after the $5 drop above) and MBS recovered. When the FED reduced spending in 2013, and 2017, the MBS declined until spending ramped up again… And when the FED stepped up spending in 2020… MBS went up again and today now trades at levels lower than the Covid Crash in 2019. + +**Or another way to look at it… (FED MBS purchases VS MBB Chart)** + +[FED MBS Purchases VS MBB](https://preview.redd.it/z8wiim01ms291.png?width=1282&format=png&auto=webp&s=c702f4e481755fbacca2e30a223a10188529917a) + +**When the FED bought MBS, MBB went up, when they "reduced purchases" over long periods the MBS market declined… and now… the FED spending has gone “sideways” since the Covid Printing started… but MBS is lower than covid crash levels and falling hard. It looks like the FED has finally lost control of the MBS market. With the FED getting more hawkish, how is this market going to sustain?** + +**Whenever the FED makes purchases, they are essentially buying their own Toxic Debt in the form of Treasuries, and MBS, from banks who are selling to the FED to raise cash. Whenever the FED makes purchases it seems, they are simply buying junk debt off bulk banks and bag holding for them.** + +**The FED can’t print bonds like they have done because it will destroy their holdings, if the FED prints trillions in new treasuries at higher rates, then their lower yielding bonds will get crushed.** + +**If a Treasury bond is to trade super low, let's say around 25 cents on the dollar. The FED will have to print 100 cents on the dollar to redeem that bond at Par, when it matures. If these securities collapse in value… the FED will always have to print crazy amounts of money/Treasuries to redeem/call in the issued debt… or the U.S will DEFAULT… And the FED have $23 trillion outstanding/issued in Treasuries alone.** + +[Source: https:\/\/www.reuters.com\/business\/feds-qt-plan-then-now-2022-04-06\/](https://preview.redd.it/zis3n977ms291.png?width=1238&format=png&auto=webp&s=b08744919e214f887db1b62f1a09fe5b8b7f96cc) + +https://preview.redd.it/5o4rc3fbms291.png?width=1276&format=png&auto=webp&s=940a9ccc2c0fc11de3bf99718a7f96e464d06e61 + +**The FED is going to start dumping MBS and Treasury securities soon. There is no way out for the FED or the MBS market.** + +**“The FED is the greater fool…”** + +u/MilkDud2000 + +\-------------------------------------------------------------- + +**Extra Thought: I do believe that the big firms buying up all the Real Estate has something to do with the MBS… it's a second way for the institutions to support the FED. They buy houses which helps inflate this market. The FED gives money to Bulk Banks… Bulk Banks lend to Private Equity at ultra low rates, they can buy up property and rent it out at huge profits… thanks to the cheap lending VIA the FED.** + +&#x200B; + +[Source: https:\/\/slate.com\/business\/2021\/06\/blackrock-invitation-houses-investment-firms-real-estate.html](https://preview.redd.it/3ivs32whms291.png?width=1234&format=png&auto=webp&s=daa3f94282196d446f56a205b6aa8623d9e4ea35) + +&#x200B; + +[Source: ​​https:\/\/slate.com\/business\/2021\/06\/blackrock-invitation-houses-investment-firms-real-estate.html](https://preview.redd.it/r4o3k33lms291.png?width=1224&format=png&auto=webp&s=42bf8fd4e1915a2e2e34c1e944d677b813ae77ed) + +[Blackrock is nice guy... ](https://preview.redd.it/n9kteg8pms291.png?width=1344&format=png&auto=webp&s=36aa999a2e125666257a8471d79d30687d418a07) + +The FED is the Greater Fool... Part 1 - [https://www.reddit.com/r/Superstonk/comments/v1n396/the\_fed\_is\_the\_greater\_fool\_part\_1\_part\_2\_is](https://www.reddit.com/r/Superstonk/comments/v1n396/the_fed_is_the_greater_fool_part_1_part_2_is/)The FED is the Greater Fool... Part 2 - [https://www.reddit.com/r/Superstonk/comments/v1nfxe/the\_fed\_is\_the\_greater\_fool\_part\_2/](https://www.reddit.com/r/Superstonk/comments/v1nfxe/the_fed_is_the_greater_fool_part_2/) + +The FED is the Greater Fool... Part 3 - + +[https://www.reddit.com/r/Superstonk/comments/v1np7g/the\_fed\_is\_the\_greater\_fool\_part\_3/](https://www.reddit.com/r/Superstonk/comments/v1np7g/the_fed_is_the_greater_fool_part_3/) +I love and cherish my dad to death but he is extremely financially irresponsible - he has no savings, no retirement, no IRA and quite a bit of debt. He’s a great and loving dad but he just doesn’t know how to manage money or plan for the future. Recently, he just bought a brand new car and I imagined tacked on even more debt. Do you guys support your parents 100% or have allowances set up for them? My dad is in his mid 50s and has a family of his own to take care of that I’m afraid I’m going to get roped into in the future to support them. I don’t mind supporting my dad as he sacrificed a lot for me growing up but how do you guys do it? I tried getting him to set up retirement accounts and all but he doesn’t care. I feel like even if I set up a budget for him and everything, he wouldn’t follow it. It’s not even that he spends a lot in the grand scheme of things either, just has a lot of expenses due to his family and doesn’t make enough. + +I don’t want my dad to get screwed out of his last couple decades of life but I also don’t want to deplete all I’ve worked towards. +Interesting comments from the CIO of major investment firm not known as a permabear: + +"We are either moving into a completely new paradigm, or the speculative energy in the market is incredibly out of control. I think it is the latter. I have said before that we have entered the silly season, but I stand corrected. We are in the ludicrous season." + +[https://www.guggenheiminvestments.com/perspectives/global-cio-outlook/coronavirus-impact-on-the-global-economy](https://www.guggenheiminvestments.com/perspectives/global-cio-outlook/coronavirus-impact-on-the-global-economy) +Quality projects, with real research, real hard working teams and a vision (won't shill specific ones here) are evaluated well below this brain fart with developers that premine, cannot even communicate a correct fork date, screw up the actual fork and then get their official GitHub client hacked within the first days. + +Disgusting. Dump it while you can. +Hey all, ive noticed a few youtubers having several accounts to invest with. I don't really understand the reason. Personally I use robinhood and I really like the interface but after reading about them wanting to shut down reits I decided to open an M1 finance account. Besides that reason I dont really understand why people own several accounts. +Looking for thoughts and feedback from anyone here who has experience in owning an American fast food restaurant. Considering the purchase of a Taco Bell or McDonalds or similar. I know this sub seems to be more heavily skewed towards tech but I’d love to hear the good, the bad, the ugly of franchise ownership. + +For background, I currently work in finance/corporate America. My job is cushy but does not inspire. While my current role is relatively easy, there is no room to grow at my current company, and as cliche as it sounds, I hate working for other people. + +I like the idea of a top franchise as they have well oiled business plans that are proven. My background is CPA with experience in private equity and corporate finance. I would think that with my educational and professional background, I would have some of the required business skills. As for cons, I’m a 29 M with zero restaurant experience. + +Some questions I have: what is the typical workflow or workday of owner/operator? Are these investments more on the active or passive side of the scale? Did you have restaurant experience and did that help? Does having so much of your business dictated by a corporate office help or hinder you? +So there's a guy in Pennsylvania who was born on the same day as me with my name. I originally found out about it after being denied a job because of "criminal activity" that was resolved after I disputed it with the third party company that did the background check. Within a few hours I had gotten ahold of the court that booked him and got supporting documentation to prove his middle name and SSN were different. They fixed it after a delay and I got the job. + +Fast forward to now, and I'm applying for an apartment. I was denied for the same reasons. The guy has since run up quite the arrest report collection. I told the leasing company and they reran my report using more information and it didn't help, I kept getting pinged for them. Then I disputed it with the company (CoreLogic) and after 24 days they gave me my results. They deleted about *HALF* of the 10 or so reports on my record. All of the reports are from the same county though. But because of the results not completely being removed from my report, I am being denied the apartment. If I can prove it wasn't me, but the courts won't go as far as to verify it, what are my options? Do I threaten to sue CoreLogic for operating in bad faith? The courts won't deal with me directly, nor will CoreLogic do anything for me but say "file a dispute and if the courts verify it wasn't you we'll take it off your report." I have less than a month to find a new apartment and all of this is really making me worried that I'm about to be living in a hotel.. + +tl;dr some guy didn't steal my identity per se, but he's still impacting my ability to pass background checks because the courts don't verify anything beyond first name, last name, and DOB + +**edit 1:** okay.. so, I've gotten a lot of great responses about where to go from here. I'm on the road for work currently, so I have to get to sleep, but tomorrow morning I'm going to wake up and listen to a few hours of hold music. I'll give an update after I talk to CoreLogic, my attorney(s), and the leasing agency. Best case scenario, they say, "oh my god, we were so wrong! We'll fix it and send you a fruit basket for your trouble." The realistic response will probably be more along the lines of, "We can't change it until the record is changed and we have 30 days to change it if that comes to be.." as that's what I got before. + +**Update 1:** I just spent the better part of three hours dealing with the credit bureaus, background check company, my prospective leasing agency's corporate office, and the clerk of courts. Not too much has changed with the exception that I got my hands on the public records from that county. It's worse than I expected. Some of the dockets only have FN, LN, & DOB. So the ones with no middle name are still being pinged to me, regardless of the fact that the other cases show that this guy with my name have a different middle name on them with the same DOB. Also, they said that they have an address on file that matched the PA one with the court cases. Well, I explained to them the circular reasoning that the address they have was obtained in error because they obtained it based on FN, LN, DOB from the court cases and there was a long silence, then they put me on with a supervisor who was also useless. BUT now it's being "escalated". From where I stand, it's impossible to prove via documentation to them that this person isn't me because they didn't put any information in the dockets other than the FN, LN, DOB!! It's just turtles all the way down with these people. My leasing office understands and is being patient. I'm going to turn to the Attorney General of PA next to see if I can have those records clarified by having them supersede them with more information for future references. + +Also, I don't think I can just change my name and make this go away. I'd still have to provide my previous name(s)/aliases in the future. So I have to get this removed from my credit history and criminal history head on. Also, I'm an airline pilot so I have to maintain a positive training history with FAA. So if I changed my name, I'd have to go back and get those records all changed with my previous employers apparently. It may be more than just a simple form in my local courthouse. + +**Quick aside: *No, friends. I'm not going to have him killed. Though I'm sure you guys meant well and everything.*** + +**Update 2:** The corporate office of the apartment building did a little digging and decided that despite the CoreLogic & credit check, they're going to override and approve us for the apartment. I'm still going to have to dig in and get these records either clarified with more identifying information, or removed. I'm sure this won't be the last of my troubles with this guy. I'll update again after I talk to the Attorney General's office tomorrow. + +**Update 3:** So it took some doing but CoreLogic removed those items from my report. PA uses public records, so I was able to get ahold of the Clerk of Court and have her pull up anything related to my first and last name. She eventually directed me to a public records portal and I was able to access the dockets and match them to the 4 items that were marked "verified as reported" on my dispute results. Some of them didn't contain anything more than FN, LM, DOB. There's no imperative for them to use anything more than that, and anyone can seemingly tell them anything they want if they don't have an ID upon their arrest. The records were right next to other dockets that referenced other dockets and court summaries that DID contain a middle name. I was able to follow a paper trail and show that at some point the defendant was referenced with his different middle name. + +**Here's the rub. Corelogic may have fixed my consumer report but it's going to keep happening to me. The advice I got from an attorney is to have them ship me a hard copy of those results. Copy those and store them onto a cloud server somewhere that I can get to them any time I need them. Then the next time this comes up, show the results to the party or better yet, show them when I apply for anything that requires a background check. And hope he gets his shit together, of course.** +Let's say you want to buy a house that is 745k and the deposit is 111k. You obviously need to save 111k but then there's also moving costs, furniture, and of course you want to have some savings left over. + +Not looking to buy a house I'm only 20 but I'm just curious because I don't know a lot about this topic. +This is a tip gleaned from the many helpful members of this subreddit. + +My HELP loan will be paid off this financial year from tax deductions alone. However, the loan will have Indexation applied to account for inflation on 1st June. Lately, the % applied has been low, but with rising inflation, the Indexation rate applied this year will likely be between 3% and 5%. + +Even though my tax deductions have "paid off" the loan, this won't be reflected in the loan balance until after my tax return is lodged, so Indexation would still be applied on my account. + +To avoid Indexation, I've just made a manual voluntary repayment to pay off my loan, and the tax deductions throughout the FY will be returned to me when I lodge a tax return. + +I thought I'd share this with anyone who is in the same boat. If you are able to make a voluntary repayment and think it's worthwhile, you might be able to avoid Indexation (which will be approx $400-$500 in my case). + +EDIT: I've made a guess at the Indexation rate here. As others have pointed out, it may cross 3% but may not be as high as 5%. + +EDIT 2: Based on today's CPI announcement (27/4), Indexation rate will be 3.9% +My in-laws are in their 70s and parlayed two US federal government jobs into high quality retirements. Snowbirds with homes in 2 states, cruises (pre-pandemic) and annual trips , no debt. Deeply respect them. Their advice is that my wife and I start out doing what they did: use a financial planner to help them make the most of their investments so their savings don't stagnate in savings accounts. + +Now, I know that people at [r/homeimprovement](https://www.reddit.com/r/homeimprovement/) balk at hiring contractors for what folks their consider simple fixes and people at [r/fitness](https://www.reddit.com/r/fitness/) fly into a rage when I even mention a personal trainer. But a financial planner really does sound like it makes sense for us. Has anyone here had experience with one? What do you look for? And what do they cost? +So today I threw down a tiny YOLO after seeing the SI on XRT at \~1300%. + +I bought 4x Feb 18c's at 92 strike. Premium was like $.04 each, so about $20 after Etrade clipped me for the broker fee. + +At market close, XRT had gone up a buck or so and they were looking better...about $36 off of my $20. Cool. + +I refreshed ETrade just now and they are showing at .06 last price, but gain is 2,208.87% and value of $430.00. + +Looking at the options chain on Barchart, the Asks are all over the place, up and down the chain. + +Bug or one of the Greeks? Anyone have a guess? +I am 32yo Military Professional and recently divorced. Gross salary is $75,672; net salary is $66,337.92 (5528.16 a month). + +My savings currently are 14% salary monthly to my Thrifts Savings Plan (TSP is the US government 401k plan), ~ $543/month(already deducted from my gross salary as it's a set and forget) valued at ~$25k. No emergency fund. + +My static monthly expenses are as follows: + +Mortgage: $1274.00 + +Alimony: $700 + +Child support: $700 + +Auto Loan: $251 + +Cell (Verizon 1 line): $89.27 + +Internet (Cox Gigabit): $80 + +Auto insurance(Geico 1 car): $93.32 + +Home utilities: ~$130 + +Auto Gas:~$152 + +Leaving me roughly $2058 for emergency saving, food and fun. I spend $52 on various subscriptions. + +Habits since divorce has been to spend roughly $600 per month on going out to eat (I know… no bueno) and waste ~$100-$300 money buying groceries that go bad (I'm unconfident incompetent chef). + +I'm looking for some wise advice on how to improve my financial situation. I currently do not budget for vacations, Christmas or an emergency fund. +Thank you for your time. + +Edit: The Thrift Savings Plan (TSP) is a tax-deferred retirement savings and investment plan that offers Federal employees the same type of savings and tax benefits that many private corporations offer their employees under 401(k) plans. +**Methodology:** + +Coin Bureau "*These Coins Are DEAD!! Knowing When To Sell!! 📉*" [https://youtu.be/mMLTQJ-VVE4](https://youtu.be/mMLTQJ-VVE4) + +I'll be doing this with coins for my own learning, so if you enjoy this read and want me to post more let me know! + +&#x200B; + +**Price Analysis:** + +The price fluctuates with the DeFi market, outperforming the Defi Index (*DEFIPERP, FTX*) significantly during from Jan 2020 to Nov 2021. + +* The price significantly rose after rumors of a GME partnership, however, this has not yet materialized resulting in the price to underperform the Defi Index and underperformon positive news around fundamentals (i.e. wallet release, large amount of traded volume, etc…) +* The below graph outlines some news articles and previous project milestones (note: this is nowhere near exhaustive): + +&#x200B; + +https://preview.redd.it/xr09fpvgqmo81.png?width=2642&format=png&auto=webp&s=272f233de91423f101887e54d8b2d653a31c3f06 + +**Runway:** + +&#x200B; + +* Two funding rounds (2017 & 2018) raised 45 Million from a total of 10 investors. No post-ICO funding has been provided. +* As per the vesting schedule tokens are locked for two years after ICO (were locked until Aug 2019) and then were released monthly over a two month period (i.e. until Aug 2021). Note that allocation to investors had no lockup. + +&#x200B; + +**Ongoing Development:** + +&#x200B; + +* Although there is no clear roadmap with definitive dates for 2022 the following development items are highlighted for a 2022 release: + * Continuing to invest resource into the NFT space including Counterfactual NFT's + * Loopring HQ releasing in Decentraland + * More direct bridges to LRC (easier to move funds in and out) + * Multi-layered wallet + * Loopring DAO +* [https://github.com/Loopring/](https://github.com/Loopring/) is active +* Developers are active + +&#x200B; + +**Community:** + +&#x200B; + +* Google trends for "Loopring" worldwide over the last 12 months is showing steadily decreased interest since the GME partnership rumor + +&#x200B; + +https://preview.redd.it/ks1uf1gzqmo81.png?width=2583&format=png&auto=webp&s=a6d7bc145c0889c980278598658755f5f2bba8d7 + +* Loopring has an active community: + * Discord: >20,000 Members \[exact number not stated\] + * Reddit: 98.2K Members + * Twitter: 186.5 K Followers + +Large proportion of the community was brought in during the GME rumor and this is reflected in the posts and conversaiton + +&#x200B; + +**Tokenomics:** + +&#x200B; + +* Deflationary programmatic burn with a capped supply. +* Max supply is 1.37 Billion and 97% of this is circulating + +&#x200B; + +**Overall (*****disclaimer: this is my analysis of the above information*****)** + +&#x200B; + +* This is a solid project in relation to L2 solutions. +* The transition into the NFT space is in line with the original product niche (i.e. offering low cost solutions to L1's) +* The GME announcement significantly skewed the crypto price with zero fundamentals backing it up. This in turn overshadowed fundamental improvements to the project in later days. + +&#x200B; + +Edit: Formatting +My bright young cousin (14M) passed away last night from brain cancer after receiving intense treatments for the past year. His (working class) parents are heartbroken and in a lot of debt. + +My SIL is an attorney (mostly child custody), what can we do together to help out his family? I’d like to shoulder any burden related to paperwork, admin stuff that needs immediate attention so that they can grieve. But what does a 14yo boy need squared away aside from his death certificate? + +Also, he was a very talented photography student. Are there any foundations/galleries that might show/sell his work to help raise funds for his family? + +TIA. + +Edit: there have been so many great practical tips and suggestions. But a special thank you to those who’ve shared their perspective from personal experience, those are truly generous and invaluable. +"Why aren't millennials investing in the stock market?"\*invests in MoviePass\* + +"NO NOT LIKE THAT" + +Part of me expects reasonable discussion for this thread, part of me also expects this to have some r/wallstreetbets bleed over. Either way, MoviePass is the new big bet. + +EDIT: Fuck. The link didn't go. [http://markets.businessinsider.com/news/stocks/moviepass\-owner\-helios\-and\-matheson\-stock\-price\-millennials\-buying\-igoring\-skeptics\-2018\-5\-1024863463](http://markets.businessinsider.com/news/stocks/moviepass-owner-helios-and-matheson-stock-price-millennials-buying-igoring-skeptics-2018-5-1024863463) +**Edit: I fucked up and missed a decimal place regarding XLM. That has been corrected.** Thanks, /u/TRossW18. Good catch! That changed things significantly. In thanks, $10 is going to the charity of your choice. + +[That post](https://www.reddit.com/r/CryptoCurrency/comments/oq1p0b/coinmarketcap_on_july_23_2017_if_youve_never/) got me to thinking just how many coins completely tanked, so I decided to jump in headfirst and do some research. I apologize in advance for my formatting; I haven't actually tried to type out a legitimately formatted post on reddit in a long time. + +First, I am going to show a table of all 100 coins, broken down into sections. The first section will be the Top 10 coins from 4 years ago. Included will be their ticker (their new ticker will be in parentheses, if applicable); the price on July 23, 2017; the current price (the date they ceased to exist in parentheses, if applicable); the percent increase/decrease over the past 4 years; and the ATH price (and date); the percent increase from the snapshot date to ATH (if the ATH was prior to July 23, 2017, it will show a decrease). I will talk about each section a bit before moving on to the next section and, after all the coins are posted, I'll provide some overview and some interesting tidbits. + +Note: The Current Price is as of sometime yesterday, as I did my initial research throughout the day. Also, dates are in MMDDYY format. *=Current Top 100, as of the time of my research. Some coins are borderline and may have moved into or out of the current 100 as of this posting. + +2016 Rank|Coin|07/2017 Price|Current Price|% Change|ATH (Date)|% Change +:--|:--|:--|:--|:--|:--|:--| +1|BTC*|2763.14|32536|+1177.56|64863 (04/12/21)|+2345.56 +2|ETH*|226.71|2075|+915.27|4362 (05/10/21)|+1924.04 +3|XRP*|0.1948|0.60|+308.01|3.84 (01/04/18)|+1971.25 +4|LTC*|44.36|120.62|+271.91|412.96 (05/08/21)|+930.93 +5|XEM*|0.1731|0.1426|-17.62|2.09 (01/04/2018)|+1207.39 +6|ETC*|15.89|45.24|+284.71|176.16 (05/05/21)|+1108.62 +7|DASH*|189.78|142.28|-25.03|1642.22 (12/19/17)|+865.33 +8|MIOTA*|0.2709|0.675|+249.17|4.58 (01/07/18)|+1690.66 +9|XMR*|43.21|200.78|+464.66|517.62 (05/07/21)|+1197.92 +10|STRAT|6.32|1.43|-77.37|22.66 (01/08/18)|+358.54 + +Below is a table with some stats from the Top 10 from 4 years ago (for monetary stats, I assume a $100 investment across the board, for a total of $10,000 invested). The stats included are: Total Profit (including initial investment); Profit per coin (in this case, the Total Profit/10); how many total coins turned a profit; how many coins went to zero; How many coins went at least 2x; how many coins went at least 4x; how many coins are still in the Top 100 today; which coin had the largest percent increase. + +Total Profit|$/Coin|# Profitable Coins|Zero|2x+|4x+|Current Top 100|Biggest Increase +:--|:--|:--|:--|:--|:--|:--|:--| +$3851.27|$385.12|7|0|7|3|9|BTC + +Out of this group, obviously BTC performed the best, although ETH is right on its heels. Most of the coins here have had solid run-ups overall. Half of them had their ATH reached in 2021 and, assuming the upward trend eventually picks back up and new ATHs are reached, they will likely have a different ATH in the future. + +XRP especially went bananas in early 2018 and, even though it ~~is~~ was centralized, it was one of /r/cryptocurrency's most shilled coins during that holiday period. Out of these 10 coins, only STRAT is unlikely to ever reach it's July 23, 2017 price point in the future. + +The next grouping will be coins 11-25 from 4 years ago. They had robust market caps, especially for the time, all ranging between $250M-$450M. It is really interesting to see the wild swings in this group, as this is where the gambles really start to take place. It is also where we see our first Zero Coin (coin that drops to nothing). I'm sure some of y'all might be able to guess what it is. + +2016 Rank|Coin|07/2017 Price|Current Price|% Change|ATH (Date)|% Change +:--|:--|:--|:--|:--|:--|:--| +11|EOS*|1.91|3.55|+185.86|22.89 (04/29/18)|+1198.43 +12|BTS|0.1737|0.0375|-78.41|0.9168 (01/02/18)|+527.81 +13|VERI|224.34|16.24|-92.76|506.33 (01/10/18)|+225.70 +14|ANS (NEO)*|8.58|28.82|+335.90|196.85 (01/15/18)|+2224.29 +15|BCC|64.00|0 (08/10/18)|-100.00|479.30 (12/28/17)|+748.91 +16|ZEC|214.71|96.79|-54.92|5941.80 (10/29/17)|+2767.36 +17|STEEM|1.62|0.3715|-77.07|8.57 (01/03/18)|+529.01 +18|WAVES*|3.68|14.27|+387.77|41.33 (05/04/21)|+1123.10 +19|QTUM*|6.92|5.69|-17.77|106.88 (01/07/18)|+1544.51 +20|USDT*|1.00|1.00|0.00|1.00 (STABLE)|0.00 +21|ICN|3.06|0 (07/20/19)|-100.00|5.65 (01/09/18)|+184.64 +22|SNT|0.0869|0.065|-25.26|0.6759 (01/04/18)|+777.16 +23|SC*|0.0104|0.0107|+2.88|0.1117 (01/06/18)|+1074.03 +24|BCN|0.0156|.00031|-99.81|0.0178 (01/06/18)|+14.1 +25|GNT (GLM)|0.3079|.308|+0.03|1.25 (01/08/18)|+405.98 + +Here are the totals for this group of 15: + +Total Profit|$/Coin|# Profitable Coins|Zero|2x+|4x+|Current Top 100|Biggest Increase +:--|:--|:--|:--|:--|:--|:--|:--| +$1466.44|$97.76|5|2, almost 3|2|0|6|WAVES + +Looking at the coins in this group, I was expecting NEO to have the most profit over time. Seeing WAVES slightly higher was surprising. What wasn't surprising was seeing Bitconnect (BCC) be the first Zero Coin Casualty. As an aside, if you had bought BCC on 07/23/17 and sold the day after Carlos Matos yelled his WASO WASO WASO WASO BITCONNNNNEEEEECCCCCTTTT!!!!! meme, you would have gotten out shortly before it reached an ATH and would have gotten about 5.5x return on your investment. That meme was the moment everyone with a brain realized that BCC was a complete scam and the writing was on the wall for a huge dump forthcoming. + +This group did pretty well, even with the BCC, ICN and BCN duds, but this is where the huge swings can be seen for the first time, with the exception of Tether, the one and only stablecoin in the Top 100 from 4 years ago. An abnormality in this group is EOS with its ATH date of April 2018, a good 3 months after the crash started. Intriguing. Next up are the remainder of the Top 50 from 4 years ago, including the biggest gainer of all (I'm sure you all know what it is already). + +2016 Rank|Coin|07/2017 Price|Current Price|% Change|ATH (Date)|% Change +:--|:--|:--|:--|:--|:--|:--| +26|GNO|228.81|185.25|-19.04|461.17 (01/05/18)|+201.55 +27|XLM*|0.02217|0.2571|+1159.67|0.9381 (01/04/18)|+4231.39 +28|REP|21.21|16.12|-24.01|123.24 (01/11/18)|+581.05 +29|LSK|2.11|2.29|+8.53|39.31 (01/07/18)|+1863.03 +30|DOGE*|0.002|0.1908|+9540.00|0.7376 (05/16/21)|+36880!!! +31|FCT|23.19|1.28|-94.48|89.16 (01/07/18)|+384.48 +32|GBYTE|532.81|20.83|-96.09|1195.99 (01/03/18)|+224.68 +33|MAID|0.3839|0.5453|+42.04|1.38 (04/12/21)|+359.47 +34|DGB*|0.0195|0.0368|+88.72|0.1825 (05/01/21)|+935.89 +35|GAME|2.51|0.1012|-95.97|6.90 (01/09/18)|+274.90 +36|DCR*|28.13|114.37|+406.58|250.02 (04/17/21)|+888.81 +37|ARDR|0.1493|0.1354|-9.31|2.55 (01/16/18)|+1707.97 +38|NXT|0.135|0.0112|-91.70|2.16 (12/23/17)|+1600 +39|KMD|1.26|0.63|-50.00|15.41 (12/21/17)|+1223.02 +40|BAT*|0.1264|0.51|+403.48|1.65 (04/09/21)|+1305.38 +41|PIVX|2.27|0.50|-78.02|14.25 (01/11/18)|+627.75 +42|DGD|57.41|390.26|+679.78|843.73 (05/12/21)|+1469.66 +43|OMG|1.16|3.48|+300.00|28.35 (01/08/18)|+2443.97 +44|MCAP|2.46|0 (04/15/19)|-100.00|7.62 (06/05/17)|-67.71 +45|PPT|2.62|1.59|-39.31|76.49 (01/28/18)|+2919.46 +46|BDL|0.3084|0 (10/04/19)|-100.00|0.629 (09/19/17)|+203.96 +47|PAY|0.8748|0.047|-94.63|86.26 (07/06/17)|-98.98 +48|BNT|2.19|2.83|+29.22|23.73 (06/20/17)|-90.77 +49|SNGLS|0.147|0.007|-95.24|0.4756 (01/04/18)|+323.54 +50|MTL|4.11|1.51|-63.26|14.82 (09/07/17)|+360.58 + +Here are the totals for this group of 25: + +Total Profit|$/Coin|# Profitable Coins|Zero|2x+|4x+|Current Top 100|Biggest Increase +:--|:--|:--|:--|:--|:--|:--|:--| +$13,498.67|$498.17|10|2|5|4|5|DOGE (obviously) + +One of the most eye-opening stats here is that there were only 2 Zero Coins in the entire group. That equals the number of Zero Coins from the 11-25 group, with 10 extra coins in this grouping. If you were to pick a coin at random from this group on this date in 2017, you would have a 92% chance of choosing a coin that still exists today. That's pretty impressive. + +Two obvious PNDs exist in this group (PAY and BNT), who both had their ATH prior to the date and both were over 90% off their ATH, reached within 4 weeks of the listing. BNT dropped from its ATH of 23.73 down to 2.15 in a matter of 6 days, while PAY dropped from 86.26 to 1.05 in 24 HOURS. That crash is almost as impressive as TITAN's. + +DOGE obviously carried this group with its 9540% increase. Hypothetically, if you were to invest $100 in each of the 100 coins in this list and all of them crashed to 0 except DOGE, which maintained its trajectory, you would have only lost $460 total out of your $10,000. If you were to cash out DOGE at its ATH, that $100 investment alone would have netted you $36,880. XLM also had much, much better gains than I initially calculated. Very impressive, as well. + +Also, I was confused by DGD because it increased by 6.8x but is still only 481st in market cap today. DigixDAO is a unique crypto that is directly tied to gold whereby 1 DGD=1 gram of gold. Supposedly. I'd be interested to hear more about it in the comments if any of you have any working knowledge on how it works, since the price swings look similar to most other crypto. + +The next group is the remaining 50 coins. The real gambles. 38 of the remaining 50 at the time had a market cap of <$50M, with one of them being in the Top 50 for only one day, which happened to be the day of the snapshot. Here are the next 50: + +2016 Rank|Coin|07/2017 Price|Current Price|% Change|ATH (Date)|% Change +:--|:--|:--|:--|:--|:--|:--| +51|1ST (DAWN)|0.9517|2.67|+280.55|10.50 (04/27/21)|+1103.29 +52|ANT|2.22|3.24|+45.95|14.79 (04/04/21)|+666.22 +53|BTCD|56.45|0 (10/04/18)|-100.00|378.30 (01/05/18)|+670.15 +54|MGO|0.9803|0.018|-98.16|4.41 (06/11/17 - ICO date)|-77.78 +55|SYS|0.1369|0.1151|-15.92|0.9815 (01/14/18)|+715.95 +56|LKK|0.254|0.0079|-96.89|0.4208 (06/17/17)|-39.64 +57|CVC|0.1809|0.2041|+12.82|1.66 (12/25/17)|+917.63 +58|ARK|0.6326|0.8839|+39.72|10.91 (01/09/18)|+1724.63 +59|DCT|1.10|0.0055|-99.50|19.19 (06/14/17)|-94.27 +60|UBQ|1.42|0.1875|-86.79|7.21 (01/03/18)|+507.75 +61|PART|6.81|1.35|-80.18|52.40 (01/14/18)|+769.46 +62|COE|1151.71|0 (09/28/17)|-100.00|1406.50 (07/23/17 - same day)|--- +63|FUN|0.0125|0.0145|+16.00|0.1964 (01/08/18)|+1571.20 +64|PPC|1.97|0.7791|-60.45|9.92 (01/13/18)|+503.55 +65|LEO|0.521|2.75|+527.83|3.92 (05/11/21)|+752.40 +66|XVG|0.0033|0.0178|+539.39|0.30 (12/23/17)|+9090.91 +67|EMC|1.08|0.0421|-96.10|10.53 (01/14/18)|+975.00 +68|EDG|0.5294|0.0032|-99.39|2.98 (01/02/18)|+562.91 +69|NMR|35.31|30.91|-12.46|96.14 (04/17/21)|+272.27 +70|NXS|0.8407|0.412|-50.99|15.86 (01/06/18)|+1886.52 +71|XAS|0.5702|0.0079|-98.61|1.89 (12/21/17)|+331.46 +72|ROUND|0.0478|0 (03/15/21)|-100.00|0.25 (05/15/17)|-80.88 +73|RDD|0.0014|0.0016|+14.29|0.0324 (01/07/18)|+2314.29 +74|WINGS|0.4343|0.0352|-91.90|2.58 (01/07/18)|+594.06 +75|LBC|0.5388|0.0245|-95.45|2.50 (07/12/16)|-78.45 +76|BLOCK|8.96|0.9638|-89.24|57.24 (01/06/18)|+638.84 +77|RLC|0.4346|2.32|+533.82|16.26 (05/09/21)|+3741.37 +78|PPY|9.08|0 (06/13/21)|-100.00|21.64 (01/05/18)|+238.33 +79|STORJ|0.4769|0.7604|+59.45|3.91 (03/28/21)|+819.88 +80|DICE|4.58|0.9771|-78.67|10.23 (08/12/17)|+223.36 +81|NMC|2.14|1.14|-46.73|14.02 (11/29/13)|-84.74 +82|MLN|51.80|69.95|+35.04|270.05 (01/04/18)|+521.33 +83|MONA|0.5852|1.23|+210.18|20.23 (12/06/17)|+3456.94 +84|XCP|11.76|3.74|-68.20|103.20 (01/11/18)|+877.55 +85|HMQ|0.1825|0.0077|-95.78|1.06 (12/15/17)|+580.82 +86|FAIR|0.5567|0.0329|-94.09|1.57 (01/15/18)|+282.02 +87|XAUR|0.2317|0.0174|-92.49|1534.46 (08/16/16)|-99.98 +88|QRL|0.5656|0.1854|-67.22|4.17 (01/16/18)|+737.27 +89|NLG|0.082|0.0158|-80.73|0.4991 (01/12/18)|+608.66 +90|VSL|0.846|0.01|-98.82|1.27 (08/12/17)|+50.12 +91|BAY|0.0277|0 (07/31/20)|-100.00|0.40 (06/11/20)|+1444.04 +92|SIB|1.81|0.0233|-98.71|6.08 (12/17/17)|+335.91 +93|VIA|1.16|0.3896|-66.41|7.84 (01/09/18)|+675.86 +94|AMP (Synero)|0.311|0.504|+62.06|0.99 (01/10/18)|+318.33 +95|CLOAK|4.89|0.2477|-94.93|35.99 (12/29/17)|+736.00 +96|OMNI|42.99|4.20|-90.23|1156.14 (11/30/13)|-96.28 +97|POT|0.1065|0.0128|-87.98|0.4616 (12/3/17)|+433.43 +98|SKY|3.95|0.8341|-78.88|53.83 (12/30/17)|+1362.78 +99|BLK|0.301|0.0425|-85.88|1.31 (01/07/18)|+435.21 +100|SOAR|0.0344|0 (09/16/19)|-100.00|0.0616 (06/28/17)|-44.16 + +Here are the totals for the bottom 50: + +Total Profit|$/Coin|# Profitable Coins|Zero|2x+|4x+|Current Top 100|Biggest Increase +:--|:--|:--|:--|:--|:--|:--|:--| +$3779.42|$75.59|13|6, with 5 others >98% loss|5|3|0|XVG + +I found it a bit odd that none of the Top 100 from 4 years ago are currently in the Top 100 now (even though a few are close). There also wasn't nearly as much capitulation as I thought there would be. There are 5 Zero Coins in this group, which is more than the other groups combined (comparing Top 50 to Bottom 50, it was actually close, though). There are a lot of coins with 75% losses, and many that are on the verge of dying completely. + +The most fascinating coin to me in this group, and maybe out of the entire research, is COE. It just so happened that this coin debuted on 07/23/17 and was actually off its ATH (or hadn't reached it yet) at the time the Wayback Machine performed its timestamp. That coin hit 1400 during the same day, a few days later was trading under 50 and within 3 months was completely dead. There were other obvious PND's to stay away from in this group. DCT dropped from 19.19 to 3.02 over 4 days just a month prior. MCO had its ICO date 6 weeks prior and was already 77.78% in the red. + +OMNI, while not an obvious PND, was way off it's ATH, which was in late 2013 at 1150. By July 2017, it was trading at 42.99. Now, it's at $4.20. That reminds me of a current coin that is in the Top 25 right now that had a much higher valuation than it currently does *cough cough ICP cough*. It'll be interesting to see where that coin stands in 4 years, if it does at all. + +Over 60% of coins in this list had their ATH occur between December 2017 and January 2018. EOS is an anomaly in the fact that it is the only coin to have its ATH in 2018 but not in January. There are 18 coins who had their ATH in 2021 and, assuming the crypto market recovers to reach new ATH's, they are poised to potentially also have new ATH's in the future. The 18 coins are: + +BTC, ETH, LTC, ETC, XMR, WAVES, DOGE, MAID, DGB, DCR, BAT, DGD, DAWN, ANT, LEO, NMR, RLC and STORJ. + +Finally, out of the 100 coins: + +35% turned a profit over 4 years. + +12% lost between 75-90% in value. 23% lost between 90-99.98% in value. 10% became casualties and are Zero Coins. + +If you threw a dart at the board, you'd have roughly a 1 in 3 shot of making a profit and a 1 in 5 shot of doubling your money. + +The chances were greater if you saw obvious PND's and either avoided them or invested but got out in time. The easiest one to predict was BCC. Personally, I was invested in BCC and got out within 15 minutes of seeing their promo video in Singapore, headlined by Carlos Matos. That shit was laughable and it was time to nope the fuck out of there. + +I hope you enjoyed seeing some of these numbers. Personally, it was fun to look into some coins that I haven't thought about in years and to research some that I'd never heard of before. It will be interesting to visit today's Top 100 in 4 years to see which ones have survived and which ones will either be struggling or will be non-existent. Questions and comments are welcome. It's late here (2:30 am), but if I don't get to your question tonight, I'll be sure to look into it tomorrow! + +Edit: I forgot to post the total. $100/coin invested makes the total investment $10,000. The total today would be $22,595.80. Over 40% of that is DOGE. The Top 5 Gainers (DOGE, BTC, XLM, ETH, XVG) would account for $13,331.89 of that total, or 60%. +I’d like to talk about the accusations against ethtrader regarding threats of physical violence made to Afri in this response letter: + +https://reddit.com/r/ethtrader/comments/asn0tz/pitchforks_are_for_hay_not_hate_maintaining/ + +The letter references threats of physical violence multiple times and also to r/ethtrader as being the “center of the storm”. + +( these are selected relevant paragraphs that mention violence) + +> Both contributors and community need to work towards healthier discussion practices and protect each other from threats and violence. + +— + +> Unfortunately, time and time again we have witnessed ecosystem members engage in toxic behavior that discourages open discussion such as doxxing, violent threats, or brigading against people they disagree with. + +— + +> Afri, received a wave of verbal violence from some Redditors, forced into the center of a storm on r/ethtrader which, triggered by a couple of tweets issued by him, turned menacing, dark and deeply toxic. Under stress from this backlash and to protect himself and his family from threats coming from unknown internet users, he made the decision to leave his position as a core Ethereum developer. + +— + +> others within the wider Ethereum community resorted to impugning Afri’s reputation by asserting his involvement in wild conspiracies, demanding his immediate resignation, and most disturbing of all, issuing personal threats. + +— + +> It is hugely upsetting and chills free speech when any contributor, whether a developer, community builder or otherwise, is attacked, intimidated and is deliberately made to feel unsafe. + +— + +> Of course, Ethereum is not the only online crypto community being damaged by such behaviour. Jameson Lopp’s very real world ordeal caused by an anonymous person deliberately mis-identifying Jameson as an active shooter thereby drawing armed police to his home is yet another awful example of the intimidation that can be wrought in the midst of very heated debates. As Jameson wrote, “had a few variables been different that day, I could easily be dead.” + +After offloading discussion of the actual concerns members of the community have - conflicts of interest in leadership and provocative social media posting by perceived community leader - to other venues, it concludes the “yes your concerns are valid” paragraph with: + +> Nonetheless, we cannot tolerate destructive behavior even if there are areas we can improve as a community. + +— + +> We, the undersigned, contributors and workers behind scores of projects, and those seeking to build better systems, feel that these actions have gone far beyond acceptable standards of debate: whatever the circumstance, threats against a person’s well-being can never be justified and we categorically reject such toxicity in digital communities. + +— + +> We must preserve the mental and emotional health of those humans —especially as they labor through their nights, weekends, often without pay in order to manifest the mission and vision of Ethereum. So we support Afri in this respect and will stand by and protect any others that are being intimidated, at any given time. + +This 14 paragraph response letter makes no fewer than 9 references to threats of violence by the Ethereum community with r/ethtrader being the only part of that community mentioned by name. + +In multiple instances users, including myself, have asked for evidence to support the claims of physical violence threats being made. None has been provided. The only provided document has been provided is this “timeline of events”: + +https://hackmd.io/qvRcAiFwQ0u7PTYfXC8GXQ + +When pressed on the issue that none of the comments referenced in that document appear to represent the kind of threat referenced 9 times in the letter addressed to our community it’s always met with claims of “not my job” or a complete change of subject. + +https://reddit.com/r/ethtrader/comments/asn0tz/_/egvog24/?context=1 + +https://reddit.com/r/ethtrader/comments/asn0tz/_/egw6iaq/?context=1 + +https://reddit.com/r/ethtrader/comments/asn0tz/_/egxx9o8/?context=1 + +https://reddit.com/r/ethtrader/comments/asn0tz/_/egxxirv/?context=1 + +https://reddit.com/r/ethtrader/comments/asn0tz/_/egvmz4i/?context=1 + +https://reddit.com/r/ethtrader/comments/asn0tz/_/egw8u6h/?context=1 + +Again, respectfully, the defensiveness of these responses makes it seem that the authors cannot support the claims of “threats of violence” by members of r/ethtrader as stated in the letter. + +I’m not saying that threats of violence didn’t happen anywhere on the internet during this whole debacle, but its looking pretty clear to me that they didn’t happen here in r/ethtrader. Surely it can be understood that a community will want to see supporting evidence of claims of illegal activity levied against it? Especially when those claims are used to steer the conversation away from the *numerous* articulate and well-reasoned concerns members of the community have brought up regarding the entire situation! + +/u/jtnichol is an excellent moderator here and from what I’ve observed over the years a stand-up fellow. He has also reported in other comments that he saw nothing occur here that fits the accusation. I’m here more than I probably should be and I also saw nothing that fit the bill. + +https://reddit.com/r/ethtrader/comments/asn0tz/_/egw4w59/?context=1 + +I know the feeling is that we’re “done with this” and it’s “not your job”, but it’s *someones* responsibility. If a group is going to make an argument (especially one accusing a specific community of illegal activity) then it is your job to support it with evidence or amend your argument to not rely heavily on it. Anything less is a breach of trust and will only serve to further divide the community. + +Thanks for reading. I’m all for learning from our mistakes, but I’m concerned that a straw man argument about threats of violence against Afri is being used to cudgel any actual debate about the real issues of conflict of interest and online conduct of community leaders. + +Lastly, some good stuff in an essay posted by u/DeviateFish_ yesterday. The essay outlines the issues that the Women’s Liberation movement faced in the 70s due to the embracing of “structurless” groups. It’s not hard to read the essay and mentally swap out the decentralized nature of crypto communities. It concludes with these suggestions for effective group leadership: + +> 1 Delegation of specific authority to specific individuals for specific tasks by democratic procedures. Letting people assume jobs or tasks only by default means they are not dependably done. If people are selected to do a task, preferably after expressing an interest or willingness to do it, they have made a commitment which cannot so easily be ignored. + +- + +> 2 Requiring all those to whom authority has been delegated to be responsible to those who selected them. This is how the group has control over people in positions of authority. Individuals may exercise power, but it is the group that has ultimate say over how the power is exercised. + +- + +> 3 Distribution of authority among as many people as is reasonably possible. This prevents monopoly of power and requires those in positions of authority to consult with many others in the process of exercising it. It also gives many people the opportunity to have responsibility for specific tasks and thereby to learn different skills. + + +> 4 Rotation of tasks among individuals. Responsibilities which are held too long by one person, formally or informally, come to be seen as that person’’ ““roperty””and are not easily relinquished or controlled by the group. Conversely, if tasks are rotated too frequently the individual does not have time to learn her job well and acquire the sense of satisfaction of doing a good job. + + +> 5 Allocation of tasks along rational criteria. Selecting someone for a position because they are liked by the group or giving them hard work because they are disliked serves neither the group nor the person in the long run. Ability, interest, and responsibility have got to be the major concerns in such selection. People should be given an opportunity to learn skills they do not have, but this is best done through some sort of ““pprenticeship””program rather than the ““ink or swim””method. Having a responsibility one can’’ handle well is demoralizing. Conversely, being blacklisted from doing what one can do well does not encourage one to develop one’’ skills. Women have been punished for being competent throughout most of human history; the movement does not need to repeat this process. + + +> 6 Diffusion of information to everyone as frequently as possible. Information is power. Access to information enhances one’’ power. When an informal network spreads new ideas and information among themselves outside the group, they are already engaged in the process of forming an opinion ——ithout the group participating. The more one knows about how things work and what is happening, the more politically effective one can be. + + +> 7) qual access to resources needed by the group. This is not always perfectly possible, but should be striven for. A member who maintains a monopoly over a needed resource (like a printing press owned by a husband, or a darkroom) can unduly influence the use of that resource. Skills and information are also resources. Members’ skills can be equitably available only when members are willing to teach what they know to others. + + +> Whe these principles are applied, they insure that whatever structures are developed by different movement groups will be controlled by and responsible to the group. The group of people in positions of authority will be diffuse, flexible, open, and temporary. They will not be in such an easy position to institutionalize their power because ultimate decisions will be made by the group at large. The group will have the power to determine who shall exercise authority within it. + +Link to full essay, it’s worth your time if you want to learn lessons from our past that are applicable today: https://www.jofreeman.com/joreen/tyranny.htm + + +EDIT: An instance of inappropriate commenting suggesting violence was found through searches of archival services and the offending user has been banned. The one bad apple has been removed, lets move on and not let it spoil the bunch. +I know that courses aren’t really necessary because basically all of the information you really need to succeed is in books and on the internet, but it would be nice to have some guidance from someone that’s experienced. I’ve already obtained a lot of knowledge through reading and researching on my own, but I feel stuck now. I’m thinking a good course could help me learn even more, but I don’t trust a lot of them. + +So yeah.. are there any courses that you’ve taken that you’d recommend? +Haven't done it because don't want the tax bill if assigned. Anyone else in a similar situation where you have a significant unrealized gain? Tempting to do but haven't, if anyone is doing this successfully love to hear how you play it +Title says it all! My wife and I lived on the west coast and I had to leave my job (internship expired). We were running shorter and shorter on cash and were forced to break out our credit card to stay afloat for a while. We used it for rent a few times (big no-no) and for lots of other things. We were both miserable out there so we moved to the midwest in June of 2018. By the time the move was over, we had about 4k racked up on the card. We both found good jobs after our move, and I wanted this debt gone. This morning I made my last payment of 400 dollars and we now have a 0 balance on the card! Now we can actually start putting some money away! + +Edit: on mobile, spelling and grammar issues. + +I have a genetic disorder (Ehlers Danlos Syndrome) that is likely to result in me being too disabled to work full time in 10 to 20 years. I am quite ignorant when it comes to finances and planning, so I’m seeking advice here. + +Some facts about my current finances: +I currently work full time in CA and make 75,000 per year before taxes. I contribute the max amount *I can afford* to my 401k. I have about 40,000 in student loan debt and about 2,000 in credit card debt. + +Ongoing bills: +- Rent 1,000/month (live with roommate) +- Health+Dental Ins 450/month +- Student loan repayment: 400/month +- Utilities+Internet: 120-200/month +- Medical: 900/month +- Other (Netflix, Grocery Delivery, Amazon Prime): about 60/month +Not included: car insurance, renters insurance, gas, other things I’m forgetting + +I just got done paying off huge hospital bills. My medical expenses are so high because I have to pay privately for CBD pain-management products, massage therapy (also pain management), and psychotherapy. I tried for many years to go through my insurance provider to get adequate mental health treatment without much success. These therapies are a huge reason I am still able to work full time. Symptoms of PTSD make it really challenging to become comfortable with a massage therapist, so it’s not worth it to me to try and find another one that charges less. I make too much to qualify for lower fees based on a sliding scale. + +I don’t have a partner and I don’t really have any other social support. I can’t plan on being able to move in with a friend or family member when I get older or become disabled. I am super thankful to still be able to work, but 100% of me goes to my job. I come home and rest or do physical therapy exercises and have little social life. I would like to move to a place with lower cost of living, but then I would lose access to my current medical team. + +Thanks to anyone who is able to offer some advice! + +Edit 1: Changed a sentence to indicate I am contributing as much as I can reasonably afford to my 401k, but I’m not “maxing out” my 401k, if that makes sense. I have a lot to learn. + +Edit 2: People have been asking so I wanted to say that I work with kids and families that are effected by Autism and other diverse neurological presentations. I travel to homes and schools and create behavioral treatment plans and teach caregivers/teachers how to help their kiddos. I love this job, and fortunately it keeps me moving (even though it’s mentally, emotionally, and physically exhausting). The less I move the more quickly I become deconditioned, and I need my muscles to support the instability of my joints and other body parts that have collagen (heart, bladder). Unfortunately, my current physical state (and lack of time) does not allow me to exercise in a way that will help me to rebuild a lot of muscle, so continued deconditioning is inevitable. But I can significantly slow it down. There are a few companies that would allow me to work via telehealth, and that is something I am considering, but sitting and constant typing most of the day will likely be worse for me than my current job. Also, typing in the future may not be doable because of finger dislocations. And finally, I have neurological symptoms (neuropathy, migraines, spinal fluid flow issues) which may eventually make working full time at any job not doable. +Went to drop off my non-renewal notice to apartment complex management office. The two ladies in their were talking to one another while I signed paperwork. “Girl, I rented out a unit yesterday, $1250 for a studio…so tiny no washer or dryer, it’s nearly the size of my walk in closet in my house!” + + +Her coworker says “oh girl Wow that’s great congratulations!” + +I can only guess they get commissions in renting out these subpar units at these insane rates and to have these two blatantly brag about it in front of me—infuriating. + +She then said she’d have to do a walkthrough of my unit next week to see what I am going to be charged for. She’s Assuming I’m leaving the place damaged I guess. + +Disgusting, pay more than a mortgage for a rat hole rented out by slumlords to have the privileged being charged for every little thing. + +They asked why I’m not renewing and I told them we’ve had 5 work orders go unresolved and it’s not acceptable. Then told her we are moving into 5 bedroom 4 bathroom home for $550 a month. The look on their face was priceless. + +Apartment Complexes are a scam. +A stranger sent me $585 "for motorcycle tires" and now he is requesting i send it back. Is this one of those scams where I send the money and then the original $585 disappears, leaving me the loser? +I'll start by giving an overview of my situation, but basically I'm out of money and don't know how I'll pay the rent in less than 10 days. + +So following a divorce, I was left with some big debt, and I am now supporting someone else financially which has prevented me from paying said debt. + +I have a job with a pay of about 1500$ every 2 weeks, but I was overpaid for 2 months and they decided to take back the money I owed by not paying me this week. Now, any person will tell me that I should've put that money into a savings account. Well I did, until we had some curveballs thrown at us and had no choice but to use it. + +The person I am with just started a new job, but it is commissioned based and they get a minimum of 300$ a week. They are not yet at the point where they make a significant amount of commission. + +I already have an appointment with my bank for debt consolidation on March 1st, and will be attempting to convert all the debt I have into one loan I can pay off. It would bring my monthly payments down from 1k to 600$. I couldn't do this before, because I was a temp worker, but I just started a job with a permanent position. + +Not getting paid this week was the curveball I was not expecting to come so soon and definitely puts me in an awful situation. That money was supposed to pay for the rent, utilities and food for the next 2 weeks. Now I'm just hoping we have enough food to last until Friday when my partner gets paid. + +I can't borrow money from anyone I know, but I was thinking I could maybe get a 1.5k loan from those quick loan places and then pay it back in less than 2 weeks with the money from debt consolidation. + +So basically, what can and should I do to survive the next few weeks? + +Update: I just talked to my boss and they definitely should not be taking my pay like this, it is more likely that it is because of the transfer of paperwork that I didn't get paid. I should qualify for an emergency salary advance, and will be able to pay rent. + +Thank you for the support and advice, I was really freaking out this morning, but my work was also really supportive in telling me that it will be okay and that I will get paid. + +Update 2: I know I have to pay back the money I owe, I have tried to, but haven't been able to yet. Also, I will be getting paid, there are measures for situations like the one I am in, I now know that. The reason I didn't get paid is an error in the system where they blocked my pay from the department I left before I got my last paycheck. I will most likely get the money that is owed in 2 weeks. Again, thank you everyone! + +Final update: Thank you again for those who gave me advice, I did and will be taking most of it. + +For those who preferred to tell me I was just making bad choices, well you don't know me, and maybe try not to kick people while they are down in the future. +No impact to you? Delays your retirement? Readjust your portfolio? I am curious to hear your opinions. + +My adjustments: + +* 401k from 96/4 to 70/30. Still maxing out all retirement funds. + +* Sold some long term tech stocks to cash when it was at recent peak. + +* Swap some break even tech stocks to VTSAX. + +Edit: Wow, the thread replies surprised me. Most surprising is the apathetic replies from non-fatFIREs. +The US congress wasted almost a year through inaction. During a pandemic they have shown their true colors. We all knew it was bad and our representatives didn't give a shit about us. Now we know truly how little the people mean to them. And in kind they mean very, very little to me. Now they want to send us a pity fund so they can go on another vacation and be happy with their families. I am not falling for it and neither should you. Turn that $600 straight into bitcoin, if you can afford it. If all the bitcoiners turn this stimulus into bitcoin, then congress is just sending us ammunition. HODL, To the moon and all that bullshit! +I have been investing for about 10 years, but never really felt motivated to putting money in monthly. I found dividend stocks about a year ago and now i have been very motivated to put extra money i have had into stocks. + +Not alot of money, but i think its a good start. + +https://preview.redd.it/k66i2z34jje91.png?width=1487&format=png&auto=webp&s=456447475d3e193156644ef6238e4c785579e712 +1. I buy IN the MONEY CALLS ($3/$4 below stock price) a month out. They cost about $1000 give or take but buying out of the money hasn't worked for me necessarily. Higher Delta too. +2. NOTHING less than 1 Month out for EXPIRY. SPY tends to go up over a month period, buying weekly's, even 3 weeks out isn't my style as every day you end up staring at the screen biting your nails. Allow SPY some time to grow. More time also means the theta decay won't be as bad as with shorter option contracts. +3. ONLY buy on red days. Even a 0.5% or 0.25% drop which translates to a $2 and $1 drop, respectively makes a big difference with calls. I tell myself, why pay full price when you can get them on sale? My SPY call lost $36 today even though SPY went down only 24 cents (0.06%) +4. DON'T buy the first 30 mins. This time is volatile for the market. Let the numbers settle. +5. SELL at 25-40% loss, pick your risk tolerance. Selling at a profit: I raise the bar if it keeps going up, kinda like a trail stop. I'm up 65% on my SPY04/30 395C I purchased for around 8.50. +6. DON'T buy on a Friday, too much can happen over the weekend. If good things happen and SPY jumps $5 on Monday, good for those who hold SPY. But be a pessimist, if SPY goes down even $2 on Monday based off bad news over the weekend, you call just lost (in my case at least) $175 roughly. +*I'm not selling anything* and I'm not sure if this post will be approved, but just out of curiosity, how many have paid to learn to trade? + +I'm pretty new to trading but have known about it for a few years due to family members trading. I've only been into it a couple of months but I've not spent a penny on courses or anything (apart from obviously using my money in the live account to trade with). + +I feel like once you have the basics, a lot of it is just trial and error and figuring it out as you go along, and not spending hundreds of £/$s on courses for someone to tell you what you can basically learn for free online. +I can see the merit of super + +But with the preservation age only rising by the year. I’m 33 and the preservation age will likely be 70-75+ by the time I can access super. + +I understand the average age is increasing. But most people lose their health above 65-70. So you’re accessing your super when you can no longer enjoy it + +I think if you reach a certain figure (ie. $500k or something), you should be able to access it early. + +Likewise, I think salary sacrificing to your super is a joke for the above reason. The first thing I learnt studying finance is money today is worth more than tomorrow (present value) + +Who’s with me? +When you go to a casino for the first time, almost every one of them automatically give you free money just for signing up. I have been to 3 casinos in my life and all 3 of them did this. There is no catch. The casino does this because most people will continue to gamble away a lot more money, but you don’t have to do that. + +You can take the free money and usually go spend it directly on food at the restaurant inside the casino. There’s no catch or anything. + +So if you live near a casino, check out what kind of sign up bonuses they have and go for a free lunch. +[CNBC - Source](https://www.cnbc.com/2022/02/18/fed-approves-rules-banning-its-officials-from-trading-stocks-bonds-and-also-cryptocurrencies.html) + +Federal Reserve officials won’t be able to trade a slew of assets including stocks and bonds — as well as cryptocurrencies — under new rules that became formal Friday. + +Following up on regulations announced in October, the policymaking Federal Open Market Committee announced that most of the restrictions will take effect May 1. + +The rules will cover FOMC members, regional bank presidents and a raft of other officials including staff officers, bond desk managers and Fed employees who regularly attend board meetings. They also extend to spouses and minor children. +**UPDATE** +Just sent our old landlord a letter (polite but firm) to demand more of our security deposit back. I sent him references to tenant laws and a print out of our initial move-in inspections that we did with his leasing agent 5 years ago. Its not super detailed (d'oh) but we did mention the dirty carpet and walls, etc. So it should suffice. Thanks everyone! I didn't want to make a big ruckus, but you guys gave me the courage and info to do so! I'll update you with what happens next! + + +Learn from my mistake. I took some, but not all the photos I should have when we first moved in. When we moved in, the carpet was a bit dirty (enough that landlord send someone over clean it up again -- nonprofessional, just a handyman with an at home carpet cleaner) + Fast forward 5 years later, we moved out. He just charged us half the cost of him to replace the carpet. Yes, it was dirtier than when we moved in, but it wasn't damaged. We lived there for 5 years, and it certainly wasn't new when we moved in. But I didn't take any pictures of it before we moved in nor after we moved out. Can't prove the condition it was in. (And he says he doesn't remember sending someone over) + +Same with cleaning. I hired a cleaning service to do the move out cleaning. Landlord states he had to hire another cleaner because it wasn't "clean enough". I sent him the invoice and receipt that I paid a professional cleaner, but he insists it wasn't clean enough. +Not sure if it's worth the hassle to fight him over everything, esp when I can't "prove" anything. + +He also charged us for painting the whole place. When we moved in, I noticed he had done "spot treatment" of little patches of paint. Not a full on full coat. But he charged us for a full paint and patch up (I used some command strips that took off some of the paint, FML. So some patching needed) + +Anyway, do your due diligence. Just because he *seems* like a reasonable and nice person, he won't always be. +**TLDR**: This is a set of tactics used by the Alphabet Boys(CIA, FBI, DEA) to control and manipulate us into drama to collapse our communities and movements. And should be read in full by anyone willing and wanting to learn how these things work. You will find a great recent example of this to be r/antiwork, who were manipulated and broken into tiny pieces to keep the workers of America under corporate boots. + +&#x200B; + +&#x200B; + +Oh, hey there apes. It's sure been awhile eh? Your heightened defenses even managed to keep ME out. You really did take the information I gave you to heart, eh? That fills me with warmth. +But, as I've come to notice recently, people keep asking me to repost this for the sake of keeping the new people abreast on what needs to be done to protect the holders of GME. Beneath here will be a detailed account on what you need to be aware of in your online interactions, to avoid being taken for a fool! + + + + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +1. COINTELPRO Techniques for dilution, misdirection and control of a internet forum +2. Twenty-Five Rules of Disinformation +3. Eight Traits of the Disinformationalist +4. How to Spot a Spy (Cointelpro Agent) +5. Seventeen Techniques for Truth Suppression + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +COINTELPRO Techniques for dilution, misdirection and control of a internet forum.. + +There are several techniques for the control and manipulation of a internet forum no matter what, or who is on it. We will go over each technique and demonstrate that only a minimal number of operatives can be used to eventually and effectively gain a control of a 'uncontrolled forum.' + +**Technique #1 - 'FORUM SLIDING'** + +If a very sensitive posting of a critical nature has been posted on a forum - it can be quickly removed from public view by 'forum sliding.' In this technique a number of unrelated posts are quietly prepositioned on the forum and allowed to 'age.' Each of these misdirectional forum postings can then be called upon at will to trigger a 'forum slide.' The second requirement is that several fake accounts exist, which can be called upon, to ensure that this technique is not exposed to the public. To trigger a 'forum slide' and 'flush' the critical post out of public view it is simply a matter of logging into each account both real and fake and then 'replying' to prepositioned postings with a simple 1 or 2 line comment. This brings the unrelated postings to the top of the forum list, and the critical posting 'slides' down the front page, and quickly out of public view. Although it is difficult or impossible to censor the posting it is now lost in a sea of unrelated and unuseful postings. By this means it becomes effective to keep the readers of the forum reading unrelated and non-issue items. + +**Technique #2 - 'CONSENSUS CRACKING'** + +A second highly effective technique (which you can see in operation all the time at [www.abovetopsecret.com](http://www.abovetopsecret.com/) + +) is 'consensus cracking.' To develop a consensus crack, the following technique is used. Under the guise of a fake account a posting is made which looks legitimate and is towards the truth is made - but the critical point is that it has a VERY WEAK PREMISE without substantive proof to back the posting. Once this is done then under alternative fake accounts a very strong position in your favor is slowly introduced over the life of the posting. It is IMPERATIVE that both sides are initially presented, so the uninformed reader cannot determine which side is the truth. As postings and replies are made the stronger 'evidence' or disinformation in your favor is slowly 'seeded in.' Thus the uninformed reader will most like develop the same position as you, and if their position is against you their opposition to your posting will be most likely dropped. However in some cases where the forum members are highly educated and can counter your disinformation with real facts and linked postings, you can then 'abort' the consensus cracking by initiating a 'forum slide.' + +**Technique #3 - 'TOPIC DILUTION'** + +Topic dilution is not only effective in forum sliding it is also very useful in keeping the forum readers on unrelated and non-productive issues. This is a critical and useful technique to cause a 'RESOURCE BURN.' By implementing continual and non-related postings that distract and disrupt (trolling ) the forum readers they are more effectively stopped from anything of any real productivity. If the intensity of gradual dilution is intense enough, the readers will effectively stop researching and simply slip into a 'gossip mode.' In this state they can be more easily misdirected away from facts towards uninformed conjecture and opinion. The less informed they are the more effective and easy it becomes to control the entire group in the direction that you would desire the group to go in. It must be stressed that a proper assessment of the psychological capabilities and levels of education is first determined of the group to determine at what level to 'drive in the wedge.' By being too far off topic too quickly it may trigger censorship by a forum moderator. + +**Technique #4 - 'INFORMATION COLLECTION'** + +Information collection is also a very effective method to determine the psychological level of the forum members, and to gather intelligence that can be used against them. In this technique in a light and positive environment a 'show you mine so me yours' posting is initiated. From the number of replies and the answers that are provided much statistical information can be gathered. An example is to post your 'favorite weapon' and then encourage other members of the forum to showcase what they have. In this matter it can be determined by reverse proration what percentage of the forum community owns a firearm, and or a illegal weapon. This same method can be used by posing as one of the form members and posting your favorite 'technique of operation.' From the replies various methods that the group utilizes can be studied and effective methods developed to stop them from their activities. + +**Technique #5 - 'ANGER TROLLING'** + +Statistically, there is always a percentage of the forum posters who are more inclined to violence. In order to determine who these individuals are, it is a requirement to present a image to the forum to deliberately incite a strong psychological reaction. From this the most violent in the group can be effectively singled out for reverse IP location and possibly local enforcement tracking. To accomplish this only requires posting a link to a video depicting a local police officer massively abusing his power against a very innocent individual. Statistically of the million or so police officers in America there is always one or two being caught abusing there powers and the taping of the activity can be then used for intelligence gathering purposes - without the requirement to 'stage' a fake abuse video. This method is extremely effective, and the more so the more abusive the video can be made to look. Sometimes it is useful to 'lead' the forum by replying to your own posting with your own statement of violent intent, and that you 'do not care what the authorities think!!' inflammation. By doing this and showing no fear it may be more effective in getting the more silent and self-disciplined violent intent members of the forum to slip and post their real intentions. This can be used later in a court of law during prosecution. + +**Technique #6 - 'GAINING FULL CONTROL'** + +It is important to also be harvesting and continually maneuvering for a forum moderator position. Once this position is obtained, the forum can then be effectively and quietly controlled by deleting unfavourable postings - and one can eventually steer the forum into complete failure and lack of interest by the general public. This is the 'ultimate victory' as the forum is no longer participated with by the general public and no longer useful in maintaining their freedoms. Depending on the level of control you can obtain, you can deliberately steer a forum into defeat by censoring postings, deleting memberships, flooding, and or accidentally taking the forum offline. By this method the forum can be quickly killed. However it is not always in the interest to kill a forum as it can be converted into a 'honey pot' gathering center to collect and misdirect newcomers and from this point be completely used for your control for your agenda purposes. + +**CONCLUSION** + +**Remember these techniques are only effective if the forum participants DO NOT KNOW ABOUT THEM.** Once they are aware of these techniques the operation can completely fail, and the forum can become uncontrolled. At this point other avenues must be considered such as initiating a false legal precidence to simply have the forum shut down and taken offline. This is not desirable as it then leaves the enforcement agencies unable to track the percentage of those in the population who always resist attempts for control against them. Many other techniques can be utilized and developed by the individual and as you develop further techniques of infiltration and control it is imperative to share then with HQ. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +Twenty-Five Rules of Disinformation + +*Note: The first rule and last five (or six, depending on situation) rules are generally not directly within the ability of the traditional disinfo artist to apply. These rules are generally used more directly by those at the leadership, key players, or planning level of the criminal conspiracy or conspiracy to cover up.* + +**1.** Hear no evil, see no evil, speak no evil. **Regardless of what you know, don't discuss it** \-- especially if you are a public figure, news anchor, etc. If it's not reported, it didn't happen, and you never have to deal with the issues. + +**2. Become incredulous and indignant.** Avoid discussing key issues and instead focus on side issues which can be used show the topic as being critical of some otherwise sacrosanct group or theme. This is also known as the 'How dare you!' gambit. + +**3.** Create rumor mongers. **Avoid discussing issues by describing all charges, regardless of venue or evidence, as mere rumors and wild accusations.** Other derogatory terms mutually exclusive of truth may work as well. This method which works especially well with a silent press, because the only way the public can learn of the facts are through such 'arguable rumors'. If you can associate the material with the Internet, use this fact to certify it a 'wild rumor' from a 'bunch of kids on the Internet' which can have no basis in fact. + +**4. Use a straw man.** Find or create a seeming element of your opponent's argument which you can easily knock down to make yourself look good and the opponent to look bad. Either make up an issue you may safely imply exists based on your interpretation of the opponent/opponent arguments/situation, or select the weakest aspect of the weakest charges. Amplify their significance and destroy them in a way which appears to debunk all the charges, real and fabricated alike, while actually avoiding discussion of the real issues. + +**5. Sidetrack opponents with name calling and ridicule.** This is also known as the primary 'attack the messenger' ploy, though other methods qualify as variants of that approach. Associate opponents with unpopular titles such as 'kooks', 'right-wing', 'liberal', 'left-wing', 'terrorists', 'conspiracy buffs', 'radicals', 'militia', 'racists', 'religious fanatics', 'sexual deviates', and so forth. This makes others shrink from support out of fear of gaining the same label, and you avoid dealing with issues. + +**6.** Hit and Run. In any public forum, **make a brief attack of your opponent or the opponent position and then scamper off before an answer can be fielded**, or simply ignore any answer. This works extremely well in Internet and letters-to-the-editor environments where a steady stream of new identities can be called upon without having to explain criticism, reasoning -- simply make an accusation or other attack, never discussing issues, and never answering any subsequent response, for that would dignify the opponent's viewpoint. + +**7.** Question motives. **Twist or amplify any fact which could be taken to imply that the opponent operates out of a hidden personal agenda or other bias.** This avoids discussing issues and forces the accuser on the defensive. + +**8.** Invoke authority. **Claim for yourself or associate yourself with authority and present your argument with enough 'jargon' and 'minutia' to illustrate you are 'one who knows'**, and simply say it isn't so without discussing issues or demonstrating concretely why or citing sources. + +**9.** Play Dumb. No matter what evidence or logical argument is offered, **avoid discussing issues except with denials they have any credibility**, make any sense, provide any proof, contain or make a point, have logic, or support a conclusion. Mix well for maximum effect. + +**10. Associate opponent charges with old news.** A derivative of the straw man -- usually, in any large-scale matter of high visibility, someone will make charges early on which can be or were already easily dealt with - a kind of investment for the future should the matter not be so easily contained.) Where it can be foreseen, have your own side raise a straw man issue and have it dealt with early on as part of the initial contingency plans. Subsequent charges, regardless of validity or new ground uncovered, can usually then be associated with the original charge and dismissed as simply being a rehash without need to address current issues -- so much the better where the opponent is or was involved with the original source. + +**11.** Establish and rely upon fall-back positions. **Using a minor matter or element of the facts, take the 'high road' and 'confess' with candor that some innocent mistake, in hindsight, was made** \-- but that opponents have seized on the opportunity to blow it all out of proportion and imply greater criminalities which, 'just isn't so.' Others can reinforce this on your behalf, later, and even publicly 'call for an end to the nonsense' because you have already 'done the right thing.' Done properly, this can garner sympathy and respect for 'coming clean' and 'owning up' to your mistakes without addressing more serious issues. + +**12.** Enigmas have no solution. Drawing upon the overall umbrella of events surrounding the crime and the multitude of players and events, **paint the entire affair as too complex to solve**. This causes those otherwise following the matter to begin to lose interest more quickly without having to address the actual issues. + +**13.** Alice in Wonderland Logic. **Avoid discussion of the issues by reasoning backwards or with an apparent deductive logic** which forbears any actual material fact. + +**14.** Demand complete solutions. **Avoid the issues by requiring opponents to solve the crime at hand completely**, a ploy which works best with issues qualifying for rule 10. + +**15. Fit the facts to alternate conclusions.** This requires creative thinking unless the crime was planned with contingency conclusions in place. + +**16. Vanish evidence and witnesses.** If it does not exist, it is not fact, and you won't have to address the issue. + +**17. Change the subject.** Usually in connection with one of the other ploys listed here, find a way to side-track the discussion with abrasive or controversial comments in hopes of turning attention to a new, more manageable topic. This works especially well with companions who can 'argue' with you over the new topic and polarize the discussion arena in order to avoid discussing more key issues. + +**18. Emotionalize, Antagonize, and Goad Opponents.** If you can't do anything else, chide and taunt your opponents and draw them into emotional responses which will tend to make them look foolish and overly motivated, and generally render their material somewhat less coherent. Not only will you avoid discussing the issues in the first instance, but even if their emotional response addresses the issue, you can further avoid the issues by then focusing on how 'sensitive they are to criticism.' + +**19. Ignore proof presented, demand impossible proofs.** This is perhaps a variant of the 'play dumb' rule. Regardless of what material may be presented by an opponent in public forums, claim the material irrelevant and demand proof that is impossible for the opponent to come by (it may exist, but not be at his disposal, or it may be something which is known to be safely destroyed or withheld, such as a murder weapon.) In order to completely avoid discussing issues, it may be required that you to categorically deny and be critical of media or books as valid sources, deny that witnesses are acceptable, or even deny that statements made by government or other authorities have any meaning or relevance. + +**20.** False evidence. **Whenever possible, introduce new facts or clues designed and manufactured to conflict with opponent presentations** \-- as useful tools to neutralize sensitive issues or impede resolution. This works best when the crime was designed with contingencies for the purpose, and the facts cannot be easily separated from the fabrications. + +**21.** Call a Grand Jury, Special Prosecutor, or other empowered investigative body. **Subvert the (process) to your benefit and effectively neutralize all sensitive issues without open discussion.** Once convened, the evidence and testimony are required to be secret when properly handled. For instance, if you own the prosecuting attorney, it can insure a Grand Jury hears no useful evidence and that the evidence is sealed and unavailable to subsequent investigators. Once a favorable verdict is achieved, the matter can be considered officially closed. Usually, this technique is applied to find the guilty innocent, but it can also be used to obtain charges when seeking to frame a victim. + +**22. Manufacture a new truth.** Create your own expert(s), group(s), author(s), leader(s) or influence existing ones willing to forge new ground via scientific, investigative, or social research or testimony which concludes favorably. In this way, if you must actually address issues, you can do so authoritatively. + +**23. Create bigger distractions.** If the above does not seem to be working to distract from sensitive issues, or to prevent unwanted media coverage of unstoppable events such as trials, create bigger news stories (or treat them as such) to distract the multitudes. + +**24. Silence critics.** If the above methods do not prevail, consider removing opponents from circulation by some definitive solution so that the need to address issues is removed entirely. This can be by their death, arrest and detention, blackmail or destruction of their character by release of blackmail information, or merely by destroying them financially, emotionally, or severely damaging their health. + +**25. Vanish.** If you are a key holder of secrets or otherwise overly illuminated and you think the heat is getting too hot, to avoid the issues, vacate the kitchen. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +Eight Traits of the Disinformationalist + +**1) Avoidance.** They never actually discuss issues head-on or provide constructive input, generally avoiding citation of references or credentials. Rather, they merely imply this, that, and the other. Virtually everything about their presentation implies their authority and expert knowledge in the matter without any further justification for credibility. + +**2) Selectivity.** They tend to pick and choose opponents carefully, either applying the hit-and-run approach against mere commentators supportive of opponents, or focusing heavier attacks on key opponents who are known to directly address issues. Should a commentator become argumentative with any success, the focus will shift to include the commentator as well. + +**3) Coincidental.** They tend to surface suddenly and somewhat coincidentally with a new controversial topic with no clear prior record of participation in general discussions in the particular public arena involved. They likewise tend to vanish once the topic is no longer of general concern. They were likely directed or elected to be there for a reason, and vanish with the reason. + +**4) Teamwork.** They tend to operate in self-congratulatory and complementary packs or teams. Of course, this can happen naturally in any public forum, but there will likely be an ongoing pattern of frequent exchanges of this sort where professionals are involved. Sometimes one of the players will infiltrate the opponent camp to become a source for straw man or other tactics designed to dilute opponent presentation strength. + +**5) Anti-conspiratorial.** They almost always have disdain for 'conspiracy theorists' and, usually, for those who in any way believe JFK was not killed by LHO. Ask yourself why, if they hold such disdain for conspiracy theorists, do they focus on defending a single topic discussed in a NG focusing on conspiracies? One might think they would either be trying to make fools of everyone on every topic, or simply ignore the group they hold in such disdain. Or, one might more rightly conclude they have an ulterior motive for their actions in going out of their way to focus as they do. + +**6) Artificial Emotions.** An odd kind of 'artificial' emotionalism and an unusually thick skin -- an ability to persevere and persist even in the face of overwhelming criticism and unacceptance. This likely stems from intelligence community training that, no matter how condemning the evidence, deny everything, and never become emotionally involved or reactive. The net result for a disinfo artist is that emotions can seem artificial. + +Most people, if responding in anger, for instance, will express their animosity throughout their rebuttal. But disinfo types usually have trouble maintaining the 'image' and are hot and cold with respect to pretended emotions and their usually more calm or unemotional communications style. It's just a job, and they often seem unable to 'act their role in character' as well in a communications medium as they might be able in a real face-to-face conversation/confrontation. You might have outright rage and indignation one moment, ho-hum the next, and more anger later -- an emotional yo-yo. + +With respect to being thick-skinned, no amount of criticism will deter them from doing their job, and they will generally continue their old disinfo patterns without any adjustments to criticisms of how obvious it is that they play that game -- where a more rational individual who truly cares what others think might seek to improve their communications style, substance, and so forth, or simply give up. + +**7) Inconsistent.** There is also a tendency to make mistakes which betray their true self/motives. This may stem from not really knowing their topic, or it may be somewhat 'freudian', so to speak, in that perhaps they really root for the side of truth deep within. + +I have noted that often, they will simply cite contradictory information which neutralizes itself and the author. For instance, one such player claimed to be a Navy pilot, but blamed his poor communicating skills (spelling, grammar, incoherent style) on having only a grade-school education. I'm not aware of too many Navy pilots who don't have a college degree. Another claimed no knowledge of a particular topic/situation but later claimed first-hand knowledge of it. + +**8) Time Constant.** Recently discovered, with respect to News Groups, is the response time factor. There are three ways this can be seen to work, especially when the government or other empowered player is involved in a cover up operation: + +a) ANY NG posting by a targeted proponent for truth can result in an IMMEDIATE response. The government and other empowered players can afford to pay people to sit there and watch for an opportunity to do some damage. SINCE DISINFO IN A NG ONLY WORKS IF THE READER SEES IT - FAST RESPONSE IS CALLED FOR, or the visitor may be swayed towards truth. + +b) When dealing in more direct ways with a disinformationalist, such as email, DELAY IS CALLED FOR - there will usually be a minimum of a 48-72 hour delay. This allows a sit-down team discussion on response strategy for best effect, and even enough time to 'get permission' or instruction from a formal chain of command. + +c) In the NG example 1) above, it will often ALSO be seen that bigger guns are drawn and fired after the same 48-72 hours delay - the team approach in play. This is especially true when the targeted truth seeker or their comments are considered more important with respect to potential to reveal truth. Thus, a serious truth sayer will be attacked twice for the same sin. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +How to Spot a Spy (Cointelpro Agent) + +One way to neutralize a potential activist is to get them to be in a group that does all the wrong things. Why? + +**1)** The message doesn't get out. + +**2)** A lot of time is wasted + +**3)** The activist is frustrated and discouraged + +**4)** Nothing good is accomplished. + +FBI and Police Informers and Infiltrators will infest any group and they have phoney activist organizations established. + +Their purpose is to prevent any real movement for justice or eco-peace from developing in this country. + +Agents come in small, medium or large. They can be of any ethnic background. They can be male or female. + +The actual size of the group or movement being infiltrated is irrelevant. It is the potential the movement has for becoming large which brings on the spies and saboteurs. + +This booklet lists tactics agents use to slow things down, foul things up, destroy the movement and keep tabs on activists. + +It is the agent's job to keep the activist from quitting such a group, thus keeping him/her under control. + +In some situations, to get control, the agent will tell the activist: + +* "You're dividing the movement." + +\[Here, I have added the psychological reasons as to WHY this maneuver works to control people\] + +This invites guilty feelings. Many people can be controlled by guilt. The agents begin relationships with activists behind a well-developed mask of "dedication to the cause." Because of their often declared dedication, (and actions designed to prove this), when they criticize the activist, he or she - being truly dedicated to the movement - becomes convinced that somehow, any issues are THEIR fault. This is because a truly dedicated person tends to believe that everyone has a conscience and that nobody would dissimulate and lie like that "on purpose." It's amazing how far agents can go in manipulating an activist because the activist will constantly make excuses for the agent who regularly declares their dedication to the cause. Even if they do, occasionally, suspect the agent, they will pull the wool over their own eyes by rationalizing: "they did that unconsciously... they didn't really mean it... I can help them by being forgiving and accepting " and so on and so forth. + +The agent will tell the activist: + +* "You're a leader!" + +This is designed to enhance the activist's self-esteem. His or her narcissistic admiration of his/her own activist/altruistic intentions increase as he or she identifies with and consciously admires the altruistic declarations of the agent which are deliberately set up to mirror those of the activist. + +This is "malignant pseudo identification." It is the process by which the agent consciously imitates or simulates a certain behavior to foster the activist's identification with him/her, thus increasing the activist's vulnerability to exploitation. The agent will simulate the more subtle self-concepts of the activist. + +Activists and those who have altruistic self-concepts are most vulnerable to malignant pseudo identification especially during work with the agent when the interaction includes matter relating to their competency, autonomy, or knowledge. + +The goal of the agent is to increase the activist's general empathy for the agent through pseudo-identification with the activist's self-concepts. + +The most common example of this is the agent who will compliment the activist for his competency or knowledge or value to the movement. On a more subtle level, the agent will simulate affects and mannerisms of the activist which promotes identification via mirroring and feelings of "twinship". It is not unheard of for activists, enamored by the perceived helpfulness and competence of a good agent, to find themselves considering ethical violations and perhaps, even illegal behavior, in the service of their agent/handler. + +The activist's "felt quality of perfection" \[self-concept\] is enhanced, and a strong empathic bond is developed with the agent through his/her imitation and simulation of the victim's own narcissistic investments. \[self-concepts\] That is, if the activist knows, deep inside, their own dedication to the cause, they will project that onto the agent who is "mirroring" them. + +The activist will be deluded into thinking that the agent shares this feeling of identification and bonding. In an activist/social movement setting, the adversarial roles that activists naturally play vis a vis the establishment/government, fosters ongoing processes of intrapsychic splitting so that "twinship alliances" between activist and agent may render whole sectors or reality testing unavailable to the activist. They literally "lose touch with reality." + +Activists who deny their own narcissistic investments \[do not have a good idea of their own self-concepts and that they ARE concepts\] and consciously perceive themselves (accurately, as it were) to be "helpers" endowed with a special amount of altruism are exceedingly vulnerable to the affective (emotional) simulation of the accomplished agent. + +Empathy is fostered in the activist through the expression of quite visible affects. The presentation of tearfulness, sadness, longing, fear, remorse, and guilt, may induce in the helper-oriented activist a strong sense of compassion, while unconsciously enhancing the activist's narcissistic investment in self as the embodiment of goodness. + +The agent's expresssion of such simulated affects may be quite compelling to the observer and difficult to distinguish from deep emotion. + +It can usually be identified by two events, however: + +First, the activist who has analyzed his/her own narcissistic roots and is aware of his/her own potential for being "emotionally hooked," will be able to remain cool and unaffected by such emotional outpourings by the agent. + +As a result of this unaffected, cool, attitude, the Second event will occur: The agent will recompensate much too quickly following such an affective expression leaving the activist with the impression that "the play has ended, the curtain has fallen," and the imposture, for the moment, has finished. The agent will then move quickly to another activist/victim. + +The fact is, the movement doesn't need leaders, it needs MOVERS. "Follow the leader" is a waste of time. + +A good agent will want to meet as often as possible. He or she will talk a lot and say little. One can expect an onslaught of long, unresolved discussions. + +**Some agents take on a pushy, arrogant, or defensive manner:** + +**1)** To disrupt the agenda + +**2)** To side-track the discussion + +**3)** To interrupt repeatedly + +**4)** To feign ignorance + +**5)** To make an unfounded accusation against a person. + +Calling someone a racist, for example. This tactic is used to discredit a person in the eyes of all other group members. + +**Saboteurs** + +Some saboteurs pretend to be activists. She or he will .... + +**1)** Write encyclopedic flyers (in the present day, websites) + +**2)** Print flyers in English only. + +**3)** Have demonstrations in places where no one cares. + +**4)** Solicit funding from rich people instead of grass roots support + +**5)** Display banners with too many words that are confusing. + +**6)** Confuse issues. + +**7)** Make the wrong demands. + +**8)** Compromise the goal. + +**9)** Have endless discussions that waste everyone's time. The agent may accompany the endless discussions with drinking, pot smoking or other amusement to slow down the activist's work. + +**Provocateurs** + +**1)** Want to establish "leaders" to set them up for a fall in order to stop the movement. + +**2)** Suggest doing foolish, illegal things to get the activists in trouble. + +**3)** Encourage militancy. + +**4)** Want to taunt the authorities. + +**5)** Attempt to make the activist compromise their values. + +**6)** Attempt to instigate violence. Activism ought to always be non-violent. + +**7)** Attempt to provoke revolt among people who are ill-prepared to deal with the reaction of the authorities to such violence. + +**Informants** + +**1)** Want everyone to sign up and sing in and sign everything. + +**2)** Ask a lot of questions (gathering data). + +**3)** Want to know what events the activist is planning to attend. + +**4)** Attempt to make the activist defend him or herself to identify his or her beliefs, goals, and level of commitment. + +**Recruiting** + +Legitimate activists do not subject people to hours of persuasive dialog. Their actions, beliefs, and goals speak for themselves. + +Groups that DO recruit are missionaries, military, and fake political parties or movements set up by agents. + +**Surveillance** + +**ALWAYS** assume that you are under surveillance. + +At this point, if you are NOT under surveillance, you are not a very good activist! + +**Scare Tactics** + +They use them. + +Such tactics include slander, defamation, threats, getting close to disaffected or minimally committed fellow activists to persuade them (via psychological tactics described above) to turn against the movement and give false testimony against their former compatriots. They will plant illegal substances on the activist and set up an arrest; they will plant false information and set up "exposure," they will send incriminating letters \[emails\] in the name of the activist; and more; they will do whatever society will allow. + +This booklet in no way covers all the ways agents use to sabotage the lives of sincere an dedicated activists. + +If an agent is "exposed," he or she will be transferred or replaced. + +COINTELPRO is still in operation today under a different code name. It is no longer placed on paper where it can be discovered through the freedom of information act. + +The FBI counterintelligence program's stated purpose: *To expose, disrupt, misdirect, discredit, and otherwise neutralize individuals who the FBI categorize as opposed to the National Interests*. "National Security" means the FBI's security from the people ever finding out the vicious things it does in violation of people's civil liberties. + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +Seventeen Techniques for Truth Suppression + +*Strong, credible allegations of high-level criminal activity can bring down a government. When the government lacks an effective, fact-based defense, other techniques must be employed. The success of these techniques depends heavily upon a cooperative, compliant press and a mere token opposition party.* + +**1. Dummy up.** If it's not reported, if it's not news, it didn't happen. + +**2. Wax indignant.** This is also known as the "How dare you?" gambit. + +**3. Characterize the charges as "rumors" or, better yet, "wild rumors."** If, in spite of the news blackout, the public is still able to learn about the suspicious facts, it can only be through "rumors." (If they tend to believe the "rumors" it must be because they are simply "paranoid" or "hysterical.") + +**4.** Knock down straw men. **Deal only with the weakest aspects of the weakest charges.** Even better, create your own straw men. Make up wild rumors (or plant false stories) and give them lead play when you appear to debunk all the charges, real and fanciful alike. + +**5. Call the skeptics names like "conspiracy theorist," "nutcase," "ranter," "kook," "crackpot," and, of course, "rumor monger."** Be sure, too, to use heavily loaded verbs and adjectives when characterizing their charges and defending the "more reasonable" government and its defenders. You must then carefully avoid fair and open debate with any of the people you have thus maligned. For insurance, set up your own "skeptics" to shoot down. + +**6.** Impugn motives. **Attempt to marginalize the critics by suggesting strongly that they are not really interested in the truth** but are simply pursuing a partisan political agenda or are out to make money (compared to over-compensated adherents to the government line who, presumably, are not). + +**7. Invoke authority.** Here the controlled press and the sham opposition can be very useful. + +**8. Dismiss the charges as "old news."** + +**9. Come half-clean.** This is also known as "confession and avoidance" or "taking the limited hangout route." This way, you create the impression of candor and honesty while you admit only to relatively harmless, less-than-criminal "mistakes." This stratagem often requires the embrace of a fall-back position quite different from the one originally taken. With effective damage control, the fall-back position need only be peddled by stooge skeptics to carefully limited markets. + +**10. Characterize the crimes as impossibly complex** and the truth as ultimately unknowable. + +**11. Reason backward**, using the deductive method with a vengeance. With thoroughly rigorous deduction, troublesome evidence is irrelevant. E.g. We have a completely free press. If evidence exists that the Vince Foster "suicide" note was forged, they would have reported it. They haven't reported it so there is no such evidence. Another variation on this theme involves the likelihood of a conspiracy leaker and a press who would report the leak. + +**12. Require the skeptics to solve the crime completely.** E.g. If Foster was murdered, who did it and why? + +**13. Change the subject.** This technique includes creating and/or publicizing distractions. + +**14. Lightly report incriminating facts, and then make nothing of them.** This is sometimes referred to as "bump and run" reporting. + +**15. Baldly and brazenly lie.** A favorite way of doing this is to attribute the "facts" furnished the public to a plausible-sounding, but anonymous, source. + +**16.** Expanding further on numbers 4 and 5, **have your own stooges "expose" scandals and champion popular causes.** Their job is to pre-empt real opponents and to play 99-yard football. A variation is to pay rich people for the job who will pretend to spend their own money. + +**17. Flood the Internet with agents.** This is the answer to the question, "What could possibly motivate a person to spend hour upon hour on Internet news groups defending the government and/or the press and harassing genuine critics?" Don t the authorities have defenders enough in all the newspapers, magazines, radio, and television? One would think refusing to print critical letters and screening out serious callers or dumping them from radio talk shows would be control enough, but, obviously, it is not. +I discovered this strategy approximately three months ago, let's just say it's been enlightening :) I'm still learning the subtleties of the wheel. Besides that, what is good to learn and why? (PMCC, credit spreads, iron condor, etc.) +At the end of my interview today, they asked me what my salary expectations were. If I threw a number too low, I'd lose money. A number too high, they'd move on with the next candidate. Instead, I told the recruiter, "I'm very flexible when it comes to salary requirements. What has your organization budgeted for this role?" She told me that was a great question and gave me a range. + +I learned this off PF, thanks yall. + + +Edit; + +Some users have brought up other ways, I highly recommend reading it below. +Hello traders, +For the past month, I've been trading a small account ($2k) with a strategy that I've backtested thoroughly. So far I'm able to make an average return per trade of %0.6. I only trade large cap stocks with high volume to avoid sudden price drops. My plan is to test it for another month and if it still does well, then I'll continue doing that with a larger account ($20k or more). + +But my question is, would that be the same? I know the P&L is magnified, but is it true that if you can be profitable with $100 then you can be profitable with $100k too? What are the factors which affect your strategy when you're trading a large account compared to a small account, if there are any? Thanks. + +P.S. %0.6 return a day. I trade once a day. +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 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/wsNDGTf5QH) +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 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/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/wsNDGTf5QH) +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 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/wsNDGTf5QH) +Your markets are run by bots. Now your daily threads are too. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](http://discord.gg/2sQBNuM) +Your markets are run by bots. Now your daily threads are too. + +&#x200B; + +This thread is for plans and thoughts prior to the market open period. + +Maybe use this time to read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) [.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +&#x200B; + +Posts relating to the "Is /r/ASX_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. [You have been warned](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share). + +&#x200B; + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related](https://discord.gg/ywAGqfUAQE). +So, currently I live in a house that I owe $275k on. When I bought using a VA loan the initial loan amount was $294k. I currently make the mortgage payment, $1670 (including insurance and tax) but don't have anything left over at the end of the month. I consider myself overstretched financially and to be honest I don't even really like my house. I could rent it in the $1750-2000 range based on similar homes in my neighborhood, and use the remainder of my VA entitlement on a home around $210k. This would significantly decrease my mortgage and, I think, my home-related stress. But, becoming a property manager is intimidating. The other option is to try to sell and break even but I'm not sure I could do that after fees. Plus the idea of growing equity on somebody living in my house is an attractive idea, yet I'm still hesitant. Anybody give me some advice here? +My account recently got limited and asked for like 10 explanations of "sales" which all were cryptocurrency dip buys and high sells (as is normal) all within a period of one week. + +The system flagged my account thinking I was selling items worth $10000 in one week when I hadn't done so in the last 6 years I've held a PayPal account. (US account btw). + +So I knew the developers didn't account for this shit when they released PayPal Crypto so I submitted the stuff for review with my photo ID and wrote "PayPal Crypto" for each crypto transaction BECAUSE WHAT ELSE could I say? + +I called their phone and he said he's expedited the review. I went to sleep, the next day (today) my account is permanently limited due to .... + +"After a review, we've decided to permanently limit your account due to potential risk. You’ll not be able to conduct any further business using PayPal." + +180 days hold on my $462 in my balance. + +No appeals. No explanation. No consideration that their reviewer may be an ignorant 60 year old with no knowledge of PayPal's own crypto service. Whenever I've called their support about PayPal Crypto in the past they had no idea what I was talking about (even after weeks after release). + +Now I haven't called yet because phone support is offline, but I'm writing this thread because many others will be in the same spot as I am. + + +How do we start our journey to get them to understand what the fuck they did. I genuinely 100% know I did nothing wrong and its a misunderstanding because they think I made 50+ buy/sell transactions in a span of 1 week of items, when its just crypto. + +I know how bad PayPal is in resolving these things and I've used them regularly for everything. + +------------ + +***EDIT EDIT EDIT :*** + +I just spent 40 minutes on the phone with a nice lady (Jennifer) on PayPal's phone and went through our transaction history/activity, tons of explanations of crypto terms (since she didn't know PayPal even has crypto) and I basically begged for the account back, but **still no luck because apparently you cannot appeal a final reviewed decision.** + +She genuinely wanted to help me and I believe she understood how crazy this ban was because I didn't sell items to anyone except PayPal (PayPal shows as the buyer and seller when you purchase from 'PayPal Crypto'). She finally understood it was a daytrading like thing and even after that there's no appeal option (she tried) and its final. + +My last try would be to spam twitter, file consumer financial bureau mistakes and make coindesk-like articles to spread information and save others. + +There is no real justice for the innocents in some places in the world. + +------------- +List of articles publishing about this post/story: + +-https://beincrypto.com/paypal-user-gets-permanently-banned-for-day-trading-crypto/ + +-https://cryptopotato.com/this-user-had-his-paypal-account-banned-for-trading-cryptocurrency/ + +-https://paulcrypto.com/2020/11/25/paypal-user-gets-permanently-banned-for-day-trading-crypto/ + +-https://coinmarketcap.com/de/headlines/news/this-user-had-his-paypal-account-banned-for-trading-cryptocurrency/ + +-https://coingenius.news/paypal-reportedly-restricted-a-users-account-for-trading-cryptocurrency-4/ + +-https://cointelegraph.com/news/paypal-suspends-user-for-crypto-trading-using-paypal-s-own-service + +-https://www.financemagnates.com/cryptocurrency/news/paypal-bans-user-for-trading-cryptocurrencies/ + +-https://blockchain.news/news/paypal-flags-platform-user-cryptocurrency-trades-risky-freezes-remaining-funds + +-https://www.investing.com/news/cryptocurrency-news/paypal-suspends-user-for-crypto-trading-using-paypals-own-service-2356381 + +-https://medium.com/in-bitcoin-we-trust/the-danger-of-buying-bitcoin-via-paypal-has-already-come-to-light-with-a-first-example-e1ee8eb297c0?sk=1fc2bd444b0daed9f4df46579915a307 + +-------- + +***EDIT EDIT EDIT :*** + +Got an email today that my account has recovered completely. I don't have 'Funds Now' anymore, but beggars can't be choosers. +Seen quite a few posts in the last few days where people are worried about what they've lost, but what about seeing this as a chance to gain? + +Invest more or continue investing your normal monthly amount? Opinions? I suppose investing more right now would be an attempt at timing the market? +Lets clear out few things based on whats happening today. + +1) The price drop has nothing to do with anything. This is a standard Quarterly Ethnic cleansing of all noobs who came to double their money in a month. We see 30-40 % correction regularly. If you can't stomach it .. GTFO + +2) Roger's Shitcoin is nothing more than a centralized pump and dump scheme. Its led by some really shady people and has actually never been battle tested. If it didn't have Bitcoin in its name then it would be trading at 5 $. + +3) But we do need to recognize that we have a serious mempool issue. We can't honestly preach people that they can buy fraction of Bitcoin or that Bitcoin can solve problems in Venezuela if it bloody takes 30 $ to send a 5 $ worth of Bitcoin. + +There have been studies which show that doubling the Lane size simply doubles the traffic. That will happen here too if we increase the blocksize. But problem here is that we need to survive for 2 years till we have proper long term solution which has been tested like we did for Segwit. + +I work in Tech startups as a developer. I supported the Core team over the whole 2X crises because it seemed like a hostile takeover by others over the repo and Dev team. But we need to recognize that ground reality in last 6 months has changed. We have 10X more people now. I have a complete crypto Boner for LN right now but honestly if I was working on a startup which was growing at 10-20X per year and I said that a scaling solution would come in 2 years .. I would be fired the same day. + +As a developer, 2nd layer solutions make complete sense to me. Its like Horizontal vs Vertical scaling but at what mempool size do we realize that we have a problem which we need to address. + + + +Rant Over. + +Edit: To the kind soul who gave me Reddit Gold. Thank you , I don't really deserve it. I actually feel ashamed. I have been part of this community from Early 2013 without any contributions. I have not even looked at BTC codebase properly. Learning on LN starts today. +I’ve just come out of an appointment with my broker who said that 4 major high street banks have all lowered their borrowing costs in the last 2 days. As we were speaking, she got an email from Santander sharing they’re dropping theirs (she showed me the email). + +Why is this happening at a time when the ~~government~~ (edit - sorry, BoE) is raising borrowing costs? What am I missing? + +Thanks for any insight. +A lot of people seemed to be tempted to buy VDHG before the ex-dividend date because of the massive $2.05 distribution but it doesn't seem financially smart to do so. + +Some napkin maths ahead but say you bought $10,000 worth of VDHG at today's closing price of $58.81 which is about 170 units and the price stays the same at close the day before ex-dividend. + +You'll get a distribution return of $2.05 x 170 units = $348.50. But now your portfolio is only worth $9,651.50 of VDHG + $348.50 in cash. But most of that $348.50 is taxable so if you're in the $45,001-120,000 you'll have to pay around $113.26 extra in tax EOFY. + +So unless the price of VDHG dramatically increases ie above $60 by April 1st, if you bought VDHG recently you'll be paying ~1% of your purchase in tax. You also don't gain any money, that money is taken out of your portfolio and converted into cash. + + +TLDR: If you bought VDHG at close today expecting to make money from dividends all you end up doing is paying an extra ~$100 in taxes with no monetary gain. +I found a vacation home two hours from my home. Close to where I grew up. Has acreage (5), trees (I love trees) and privacy. House is 20 years old in good shape. I want to buy it as a vacation property for me. I am 63 years old, single, no kids. Here are the facts: my net worth is 4,000,000. 1.25 million in cd's at 2.7 to 3 %, 1 million in in bonds, 250,000 in stock index fund, 150,000 individual stocks, 500,000 in bond funds, the rest in treasury money markets and cash. I think it would be a good addition for diversification but I am retired so my portfolio has to sustain my lifestyle. I currently spend around 70,000 a year + +Any thoughts on whether this is a stupid idea are appreciated. +I left a review of my experience with the [housers.com](https://housers.com) platform in Trustpilot, but the platform has been reporting all the bad reviews. So I thought it would be useful to leave it here as well: + +"I invested in 2 different projects in this platform and both were supposed to finish almost 1 year ago. The platform issued a two-sentence statement saying the return was delayed without any further explanation. Since then I have contacted them multiple times trying to understand the reason and which actions they were planning to take in order to solve the problem or at least mitigate the loss. They never gave me a direct answer and always avoided the questions by redirecting to another department or saying random things. I have insisted and they stopped replying since 5 months ago. I have been contacted by many people that are in the same situation, so I am sure that this happened with more than just the 2 investments in their platform. +They claim that they never had any loss in any project in their platform. This is true only because when there is the possibility of loss they simply do not close the project and do not return the money. They keep the project open and hanging forever and never return the investors' money. +To conclude, I have invested my money in several platforms and this is the worst by far. I do not recommend it to anyone since it is very poorly managed, there is no transparency and the probability of losing 100% of the investment is really high. Moreover, you get your hands tied because they do not offer any means for you to recover at least part of the investment." +I currently live in the Netherlands as a self-employed contractor for a US company, and I'm an EU national. Last year, I managed to increase my earnings, and I hope I can earn a lot of money (120k+ EUR) this year. I spent significant time reading about taxes and regulations in the past few weeks to either pay less tax here or move to somewhere else where it's significantly less. I'm not a lawyer or a tax expert, so maybe not everything is as I think, correct, please. + +There are many 0% tax promises with complicated company structures, but most of them would not work in Europe anymore because of the *Controlled Foreign Company rules*. I only checked the freelancer/self-employed status for residents. No illegal/dodgy things - like hiding company ownership - are considered. + +There is a big difference between countries, and everybody has preferences. I added the overall rank of the Better Life Index (https://en.wikipedia.org/wiki/OECD\_Better\_Life\_Index) and happiness rank (https://worldhappiness.report/) to the countries since if I move there, it matters a lot. They both count in earnings, but I could not find a better metric that would not be subjective. + +I refer to many types of mandatory payments as tax below. If it's unavoidable legally, I consider it as tax. I probably missed some smaller taxes here and there, but they would not modify the overall picture anyway. There are also some deductions that I'm unaware of; please comment on it! + +**Premise: 120 000 EUR self-employed status, 0 expenses, moving to the country** + +# Netherlands (BLI: 8, Happiness: 5) + +Progressive income tax, up to 49.5% from 69 398 EUR +Health insurance tax capped at 3353 +Self-insurance is around 1400 EUR for a year. + +For 120 000 EUR, income tax is 38 846 plus 3353 healthcare and 1400 insurance. + +**76 401 EUR is the net, which is 36.33% tax.** + +# Portugal (BLI: 29, Happiness: 58) + +NHR income tax: 20% flat +Social Security: minimum 21.4% + +For 120 000 EUR, income tax is 24 000, and social security is 20 544. + +**75 456 EUR is the net, which is 37.12% tax.** + +# Italy (BLI: 24, Happiness: 28) + +South Italy, income tax only on 10%, which comes down around 4% +North Italy, income tax only on 30%, which comes down around 12% +Social Security: complicated a bit, minimum 24%, but 0 after 103 255 EUR earnings. +Regional tax: 3.9% on income + +For 120 000 EUR, income tax is 4 800 (south) and 14400 (north), social security is 20 544, and 4 680 regional tax. + +**South: 85 738 EUR is the net, which is 28.55% tax.** + +**North: 76 138,8 EUR is the net, which is 36.55%** + +# UAE - Dubai (BLI: no data, Happiness: 25) + +0 tax country, you only need health insurance. A good one costs around 2 400 EUR a year. + +**117 600 EUR is the net, which is 2% tax.** + +# Andorra (no data) + +Progressive income tax, up to 10% from 40 000 EUR +Social Security: 22% on gross income + +For 120 000 EUR, income tax is 8 800, and social security is 26 400. + +**84 800 EUR is the net, which is 29.33% tax.** + +# Cyprus (BLI: no data, Happiness: 39) + +Progressive income tax, up to 35% from 60 000 EUR +Social Security is 4818 EUR (capped) +National health insurance: 2.65% + +For 120 000 EUR, income tax is 29 085, social security 4 818, and 3180 health insurance. + +**82 917 EUR is the net, which is 30.90% tax.** + +# Czech Republic (BLI: 22, Happiness: 18) + +Progressive income tax, up to 23% from 76 000 EUR +Social Security is a complicated calculation, apx 8.7% +Health Care is also complicated apx 3.8% +60/40 method (only 60% income, 40% expense, do not have to prove it) + +For 120 000 EUR, income tax is 9 215, social security 10 220, and 4 725 health insurance. + +**95 840 EUR is the net, which is 20.13% tax.** + +*Used this: https://pexpats.com/calculators/Czech-Freelancing-income-salary-calculator* + +# Malta (BLI: no data, Happiness: 23) + +I could not find a separate self-employed option +Progressive income tax, up to 35% from 60 000 EUR +Social Security: 15% of last year's income, the first year there is a minimum 2 525 (counted with the first year only) + +For 120 000 EUR, income tax is 33 275, social security 2 525 + +**84 200 EUR is the net, which is 29.83% tax.** + +*Used this: https://maltasalary.com/* + +# Bulgaria (BLI: no data, Happiness: 88) + +I could not find a clear calculator for this country +Flat income tax of 10% +Social Security: apx. 25% but capped around 1533 eur /month + +For 120 000 EUR, income tax is 12 000, social security 18 396 + +**89 604 EUR is the net, which is 25.33% tax.** + +*Used this:* *https://www.kgmp-legal.com/en/2021-tax-rates-and-social-security-contributions-in-bulgaria/* + +# Summary + +* Czech is a surprising country (if I did not miss something), with significantly lower tax rates than most +* There are many more countries, of course; these are just the ones I found interesting +* Social security is a bigger burden in some countries than income tax +* Moving and living costs vary not just by country but also by the individual +* There ain't no such thing as a free lunch + +**Once again: not a tax expert in any way!** I welcome any correction/idea/update for this. Company structures are no longer suitable in the EU because of the CFC rules (of course, you can do it, but it might be illegal). Only legal solutions are interesting for me (and hopefully for anybody). + +A helpful source of information: https://taxsummaries.pwc.com/ + +# TLDR + +From 120 000 EUR annual self-employed income, you can keep the following amount as a resident of the country: + +Andorra - €84,800 (tax total: 29.33%) +Bulgaria - €89,604 (tax total: 25.33%) +Cyprus - €82,917 (tax total: 30.90%) +Czech - €95,840 (tax total: 20.13%) +Italy (north) - €85,739 (tax total: 28.55%) +Italy (south) - €76,139 (tax total: 36.55%) +Malta - €84,200 (tax total: 29.83%) +Netherlands - €76,401 (tax total: 36.33%) +Portugal - €75,456 (tax total: 37.12%) +UAE - €117,600 (tax total: 2.00%) +Hi, I am a 24 years old Portuguese resident. My next 4-5 years of income will come from a Ph.D. scholarship, 1065 a month. So I got a pretty secure and fixed income that can help plain in the short term. + +My goal is long term passive, 30-40 years maybe. If I can achieve financial independence before that great. + +I saved 5k from my first high paying part-time during this year. I plan on dropping from 500-800 during my 4-5 Ph.D. years, I also plan on getting real estate sometime after I finish the Ph.D. Hence the 500-800 range, I'm probably going to drop 500 on a portfolio and 300 on savings account for the down payment (PPR in Portuguese or probably a bond idk yet). + +After my PhD I think I can secure a 2k+ a month job. + +My current allocation of a 5k starting investment + +[IDWA](https://live.euronext.com/en/product/etfs/IE00B4L5Y983-XAMS) \- 75% + +[IUSN](https://www.justetf.com/en/etf-profile.html?isin=IE00BF4RFH31) \- 15% + +[EMIM](https://live.euronext.com/en/product/etfs/IE00BKM4GZ66-XAMS) \- 10% + +No bonds for now as I think I can take the risk for my age. + +I don't like posting a "rate my portfolio" but... I'm a new investor and I am currently learning. + +What do you think, any tips and resources? +Hi guys, + +As you can read I just decide to finally take the step to invest long term. + +I am 27 years old working right now in Germany (was born in Spain), and I want to know if you could advice me on what will be the best move. + +I have no debt and I have already an emergency fund set up. + +I just properly started earning "good" money so I want to be able to create myself a future, and not only me but to my heirs. + +I plan to return to Spain in the mid term (10 years maximum) so that could be also a factor for the decission. + +Really appreciate your time! + +Have a nice one! +Hi I’m a 20 yr old with quite a bit of cash on my hands and obviously want to collect that true passive income from aapl,O,Mcd,Msft,HD,AVGO, and so on. I love my stocks that I have now and are wanting to add some high growth stocks such as tesla, nvda, google, amzn and fb. Can I get some opinions and thoughts. Anything helps thank you. +This is a very good example of the absolute misinformation around Australian market news that many retail investors will alas invest on. + +Motley Fool's explanation of BHP's recent 15% decline is classic. Compare other similar mining companies and you will see nothing beginning to resemble this fall. + +They do not mention that the UK listing has always traded at a big discount to Australia due to favourable franking credits and tax benefits. That on announcment of dropping dual listing that that came back to near parity - no further forward value benefits on Aus dividends. + +Not a single mention of BHP being a prominent component of the FTSE 100 and a truck load of UK funds selling out of their UK holdings as a result of its forthcoming removal by the listing announcement. Most BHP retail investors would not have the faintest idea why they've lost so much money lately, so bad is Australian Finance News. + +Sure some of the points Motley Fool makes are valid, but the massive overriding reasoning for the fall in BHP is the UK fund sell down and if you understand arbitrage, the Australian mkt had to fall. + +https://www.fool.com/amp/investing/2021/09/03/why-bhp-group-stock-fell-15-in-august/ +[The GitHub repository is here.](https://github.com/joesocktwo/Wall-Street-Bets-Master-Doc) I need someone to curate it. Feel free to reach out. Respond to the discussion opened by ctabka to be invited as a collaborator. + +&#x200B; + +Before people start throwing money at stocks they haven't researched: I am not (yet) prescribing any positions. The stocks I've listed in the edit at the bottom of this thread are what I've collected from the comments and have *not* been vetted by me. I'm floating the idea of opening a google doc for public collaboration on research into these banks. I don't vouch for any of the tickers I've mentioned in this thread. Yet. + +I also want to make it clear that I'm not predicting a bunch of US banks to fail. They're better insulated from this than the rest of the world. The vulnerable ones are abroad, and they're the ones with really lazy lending standards. US banks will be hit, but likely won't tank. Also, as stated at the end of this post, please correct me where I'm wrong. Feel free to leave a comment, but definitely reach out to me via chat or DMs so your message doesn't get buried. I would rather prioritize constructive criticism than a bunch of excited assent - *if I am wrong, tell me in my DMs, preferably with an explanation rather than just "you're full of shit"* + +Drop me a chat (not a dm, swear to god, reddit doesn't need two different messaging systems) if you'd like to talk about coordinating. I'll get up with you guys tomorrow. I would love to pool information and repost this over the weekend with a more comprehensive picture of what the fuck is going on with the international lending system. Cheers! + +***Jesus, this really blew up. I'm at work right now, so I won't be super available to respond. Suffice it to say, though, that I've received an overwhelming amount of responses indicating interest in collaboration. After work today, (4-5 pm EST) I'll start really going through all the messages you guys have send me and shooting off replies. Mods have approved a Google doc so we can all contribute, and a disc chat might be in order, since there are so many of you fucking autists that have reached out. God bless. I'll be in touch soon.*** + +&#x200B; + +Forgot to put strike/date at the top: I'm in September BAC $18 puts. Banks will start failing later this year. It's hard to tell which ones will fail, due to the *shadowy* nature of the *shadow lending* market. That, and the dollar will moon. You want positions spoonfed to you? Fuck off. This post is half food for thought, half explanation. Trying to follow the money here is *hard.* If you're lazy, just buy puts on indices like $INDA and $EWG and $EWY: any country that's loaded up on eurodollars. + +&#x200B; + +Alright, you tards, listen up: this is going to be a long, confusing post. + +&#x200B; + +First off, I'd like to say that I'm not smart. But that doesn't concern me, because you're not smart, either. I just began reading about repo operations a few days ago. I've seen a few posts on here lately remarking on the repo ops, and a lot of misconceptions about what they *are* and what they're intended to *do*. I've learned all of what I'm going to post here from other users on here and from my own research. + +&#x200B; + +The most important thing you need to understand about the repo market is that it's a black box. It's an **interbank loan market** **where securities (ideally bonds) are put up as collateral for short-term cash loans**. The transactions are private and the market usually sets the rates. Repurchase agreements are semantically different from fed repos, but **operate in the exact same way.** This is important. Banks, per federal legislation, are required to keep a minimum amount of cash on hand to prevent liquidity issues. The repo market exists as a way to circumvent these requirements; banks run as close to the reserve requirements as possible to maximize their profitability, and sometimes run below the limit. In this case, the bank posts collateral on the repo market in exchange for liquid cash to meet the requirements again. + +&#x200B; + +In September of last year, the fed was forced to offer hundreds of billions of dollars in repo agreements to banks. This is because the interbank repo interest rate had reached 10% due to liquidity problems. I'm still not sure, and I'm not sure that anyone else is sure, why the liquidity shortage arose, but it did. If I were to hazard a guess, it's because big domestic lenders, sensing volatility abroad, started to pull out of the repo market. Since then, the fed has been, on-and-off, offering repo agreements to large banks (designated banks are called Primary Dealer Banks \[PDBs\]) and they hold a special status and maintain accounts with the fed. Once these PDBs post collateral (again, securities), money (kind of) is transferred temporarily to their fed account. These PDBs then distribute the cash in the interbank repo market (which is anonymous) at a slight profit. The fed repo interest rate was around 1.6%; on Tuesday night, it jumped up to 1.8% because of the emergency demand. + +&#x200B; + +The fed had planned to cut repo ops to 0 by April of this year, essentially weaning the US banking system off of liquidity infusions. This didn't happen. Due to supply chain disruptions and market volatility, the fed was forced to offer several hundred billion in overnight repo agreements this week to PDBs in an effort to maintain liquidity. In fact, this month is set to hit record repo lending balances. Furthermore, the [fed is expecting another $130b](https://www.newyorkfed.org/markets/domestic-market-operations/monetary-policy-implementation/repo-reverse-repo-agreements/repurchase-agreement-operational-details#monthly-summary) to be repaid in the next three weeks, sucking even more liquidity out of the market. + +Edit: The fed was also pondering establishing a standing clearing house for fed repos to smaller entities like hedge funds. Hopefully, they're walking that idea back, because it's a fucking *terrible* one. + +&#x200B; + +Now, here's where I learned I was wrong, and this is a point of confusion for some: **the banks don't need the liquidity for themselves.** They need the liquidity for their *borrowers*. See, these PDBs float money anonymously in the repo market to lots and lots of entities, both domestic and foreign. This is *shadow banking*. Remember when I said the repo market is a black box? Right, well, American banks have been lending money to foreign banks that don't have as stringent of regulations as American ones do. In the US, between two US banks, when a loan is written, some percentage of the loan size must be physically transferred over to the borrower (the reserve amount). Between an American bank and a foreign bank, though, no such requirement exists. + +&#x200B; + +From this discrepancy in regulation, the eurodollar is born. **The eurodollar is imaginary money** that is printed by American banks: when they make a loan to a foreign bank, the loan exists only on the balance sheets. There is no physical manifestation of currency transfer. Consequently, eurodollars get *leveraged to shit*. Instead of the fractional reserve system, the ideal interbank loan system in America, eurodollars can get loaned indefinitely, forever. Eurodollars are paying factory workers, building bridges, and trading as currency. But it's *not* currency. And because eurodollars are what circulate outside the US, real USD are becoming increasingly rare. + +&#x200B; + +You see, the USD has become the de facto global currency. There's a lot of confidence in it. It backs virtually every exchange of goods or services in the world. Right now, though, emerging markets' banks aren't really using it; they're hoarding it. Additionally, they're accepting *awful* collateral in exchange for eurodollars, because they know the USD has intrinsic value and eurodollars are imaginary. Collateral like subprime loans. Sound familiar? It should, because the 08 crisis was global *because of the international monetary system*. The mortgage defaults here at home were just the impetus - just like the supply chain disruptions this year might be. The subprime mortgage scandal was just the scapegoat for the **underlying fragility of the eurodollar system.** + +&#x200B; + +Now, PDBs are aware of this. That's one reason they're starting to become stingier with their lending. They know that their borrowers are accepting garbage collateral in exchange for eurodollars. They know that foreign banks are leveraging themselves up to the tits on *low-grade collateral,* which means, in essence, the fed is, by proxy, making out hundreds of billions in loans to banks in places like India for fucking used car loans instead of treasury bonds. So, say that Shyam over in India can't make his car payments this month because he hasn't worked since the quarantine began. And his neighbors all do the same. Without US liquidity injections, channeled through the PDBs and into the shady repo market, that Indian bank will fail. + +&#x200B; + +Now, that's why it matters that US lenders are pulling out of foreign markets: with supply/manufacturing disruptions and increasing volatility all over the world, foreign banks are direly hurting for liquidity so they can make out loans for businesses and manufacturers and individuals and all sorts of entities. If they don't get this liquidity, they're likely to default. And what happens when these capital groups and small banks die? They default on *their* loans. So on, up the chain. Say JPM takes out $50b against its treasuries from the fed. It then sells that money on the repo market. Eventually, that money finds its way to Yong Jiang over in China, who took out a loan to keep the lights on in the McDonald's Toy factory in Hubei. Well, three months later, sales haven't made up for lost revenue during the quarantine, and Yong Jiang becomes insolvent and defaults on his loan. That default makes its way back up the ladder to JPM. Now, JPM can either default on its loan from the fed (and bonds get dumped on the market) or it can liquidate some of its assets to pay the fed back. + +&#x200B; + +JPM has made this calculation and decided, fuck no, it wants none of that. The problem is, though, that the loan has already been taken out by Yong Jiang. Say Yong Jiang's bank needs some liquidity because Yong defaults. Well, JPM has stopped taking fed repos because of the risk, so there's no money to buy on the market, and Yong's bank fails. This happens dozens of times, across dozens of countries. Pretty soon, the international banking industry faces systemic collapse. For reference, the global repo market [is valued at $12T](https://www.google.com/url?sa=t&rct=j&q=&esrc=s&source=web&cd=3&ved=2ahUKEwjqgof02IToAhXwm-AKHY3rA8gQFjACegQICxAF&url=https%3A%2F%2Fwww.bis.org%2Fpubl%2Fcgfs59.pdf&usg=AOvVaw21Jay8zD6uNqWJcspNvCXa) USD, and only 3/4 of it is backed by "pristine collateral" - government bonds. **That means that $3T of it is in equities or derivatives.** The fed's balance sheet is only *$4T* USD in comparison. Additionally, $.5T is in private capital groups, which are entirely opaque and likely have rotten fucking lending standards. No way to see who they're lending to, or what collateral they're taking. + +&#x200B; + +We're already seeing this beginning: [India's Yes Bank is about to be nationalized](https://www.bloomberg.com/news/articles/2020-03-05/india-s-central-bank-to-seize-yes-bank-to-help-revive-lender) due to, you guessed it, *liquidity* problems. It's been involved in shadow lending practices, and American liquidity is starting to dry up across the world. China is also heavily dependent on eurodollars, but I'm not sure how that relationship will shake out. Their economy might be so big and so vital that we're forced to prop them up. If not, China's banking system will go tits up, too. + +&#x200B; + +The question then becomes, is the fed willing and able to meet global liquidity demands? And beyond this, how do they force PDBs to keep printing eurodollars and continue to assume risk, risk which may violate their fiduciary obligation to shareholders? Trillion-dollar question. + +&#x200B; + +So, what does all this mean? Who can we short? Honestly, this is hard to say. Personally, I have september puts on BAC for $18, and I'm still looking for anyone else who might be vulnerable. Any of the PDBs with accounts at the fed might be at risk. I'm going to start hunting for SE Asian, African, and South American banks that've been taking repo money. Those are likely to be the most probable to fail. On top of that, as banks start dropping like flies and the global economy tanks, the USD is going to fucking \*moon\*. That's a worthwhile bet, too. The issue here is that the repo market is anonymous, so it's hard to follow the money. If anyone has any recommendations for specific banks or lending groups to target or look into more, please feel free to let me know. + +&#x200B; + +If the global banking industry started to fail, though, look for it to hit full swing later this year. This is going to be driven by large amounts of defaults that will be spurred by the manufacturing disruptions, the extent of which won't be fully felt until at least midway through this year. Add a few months for missed loan payments, and I'm wagering that you'll see banks start *really* failing by August or September. + +&#x200B; + +There's a lot here I'm going to continue to research, and if there's anything I've gotten wrong or anything you'd like to add, please speak up and correct me/educate me. + +&#x200B; + +Special thanks to: + +u/Psicopro, u/farisbuellerRULES, u/FlexMcgooch, u/meritorius_demotion, and every other fucking angel who answered my stupid goddamn questions and let me bounce ideas off of them + +This is a good sub, guys; embrace cooperation and weaponize your collective autism + +&#x200B; + +Edit: For further reading, check out Jeff Snider. He's a macro economist who's been shrieking about this for years. + +&#x200B; + +Edit 2: thanks for the positive responses and the awards, guys! Please, let me know if you find anything related to these repo market participants, either in the comments or (preferably) in a DM. I'll either update this post or write an updated DD. Cheers. + +&#x200B; + +Edit 3: list of vulnerable recommended banks from the comments - Bank of East Asia, HDB, IBN (both in India) - keep em coming, guys + +&#x200B; + +Edit 4: this blew up even more than I expected. I'm likely going to repost this over the weekend with more information and more citations, and I'm considering the possibility of opening up a google doc to aggregate research into vulnerable banks. Hit me up in my chat if you've got relevant information on this, or if you'd like to talk about the possibility of collaborating. I'm not sure how risky it would be to pool research like this, but I'm fascinated by the idea of crowdsourcing the work to identify the weak points in the international banking system. +TLDR: Let me start summarizing by saying upfront what we witnessed in price and volume action last week was the supreme manifestation of all that is wrong with the market and the big players in it. They participated in blatant manipulation, many would say illegal trading and covered up of their collusion in the smoke and mirrors of volume and large ticket creation. (And I do not mean covering or closing shorts) They engaged in a **massive game of PONG** not ladder attacks but back and forth trading to manipulate the price up and down, print more shares in the name of liquidity and to satisfy FTD's - avoiding REGSHO threshold list on our beloved STONK. This claim of FTDs is part of u/gerknit T+69 theory. + +&#x200B; + +# THE PREAMBLE + +&#x200B; + +It begins at 2:20 PM EST on Monday 10/18 with one of the largest during trading hours ticket trades we have seen in recent memory. A single ticket during trading hours of 100,000 shares it came off the DF Exchange ( this will become a noticeable trend) The price was $186.70 This sets the stage for a MASSIVE unseen before increase in large ticket trades greater than 1000 shares with many over 5000-20000 shares that will occur over the next 4 trading days. Culminating on Friday with a drop of $13 in a single day with not a single bit of negative news, reports, rumors or sentiment on the stock. Finished the day at roughly $169.70 $17 less than that 100,000 share block trade DURING NORMAL trading hours. Oh yeah by the way That trade was a consolidation of massive trades that never went outside the price range of $185.86 to $187.57. Can you say SHORT setup for a massive short profit! + +&#x200B; + +[A large ticket transaction 100,000 shares during the market and price moved less than 50 cents](https://preview.redd.it/v5ghjfv0zlv71.png?width=693&format=png&auto=webp&s=af189b3684839afc2940b8b0289b60324a9b33ea) + +&#x200B; + +# Overview of the F'ERY to come - The GAME OF PONG with GME. + +&#x200B; + +So one of my fun things I do for entertainment is watch the ticker for hours at a time on Fidelity's Active Trader Pro. Some folks think I'm "Ticker Turk" as I now and then will call out volume, daily momentum, targets and daily action predictions based on momentum, volume and what I see in movement compared to things like MaxPain, Short Volume and indicators I get from TA experts like u/Official_Siro. + +&#x200B; + +I said it started with that 2:24 Trade on Monday but I did not see it until Tuesday 10/19 when I was trying to wrap my head around a change in the volume and ticker I'd not seen before. Right out of the start there was an unprecedented surge in large ticket orders over 1000 shares in the opening 15 minutes. It was a Tuesday and people were predicting the start of MOASS or the start of a big push that day so I took it on with a little excitement - we opened that day at $188.99 and pushed as high as $192.19 in the opening 15 minutes - Volume was over 411,000. **Can you say tits were jacked!** And then the frantic correction back below $190 actually all the way back down to $184.40 with about 470,000 volume in 60 minutes. This was a normal all to familiar short attack with 60 minutes of hitting the Bid side in all sizes of tickets from 100 shares to 500 shares a few larger... **Nothing new here... move along...** + +&#x200B; + +# Chapter ONE (Ask - buy side) + +&#x200B; + +Remember I'd seen the big ticket orders in the opening bell on Tuesday 10/19/21 but dismissed it as a push underway. At 10:30 EVERYTHING CHANGED - pay close attention here - the GAME OF PONG began at 10:30 EST on 10/19. In the next 60 minutes I witnessed 104 big ticket orders process at over 1000 shares per ticket. Seems like no big deal one might say... "Hey Turk that's 100,000 shares... no big deal" but it wasn't 100K there were over 500,000 shares traded in that 45-60 minutes. Remember that 104 tickets over 1000. Monday there were only 83 all day. And not one day last week had over 100 tickets greater than 100,000 shares. It was a true unicorn in recent trading volume and history. While watching I noticed two other things occurring - 1) prior to the reporting of the 1000+ share ticket there would be big sweeps on the ask side (painted green) - mid spread (painted white) or the bid side (painted red) - a quick refresh of Time & Sales would show these big tickets in history - but they never went through as big tickets in the live stream. Every now and then I'd see an even 1000 ticket go through in the sweep but not show separate in the Time & Sales. I have to express my first opinion/theory here - which one of our resident wrinkled brains u/Sgt-GiggleFarts helped me connect the dots. These 1000 share lots were being added to big tickets by a MM under the guise of providing liquidity. They were also being added only painted white or green. The MM was providing synthetics to the "buyer" to help them reset their FTDs that were coming due on Friday! + +&#x200B; + +[High volume tight spread in an illiquid stock WTF - can you say PONG manipultion](https://preview.redd.it/aenslw5h6mv71.png?width=700&format=png&auto=webp&s=ca855a11efbf76ce0fea849dfdc42234af67170a) + +One might say well that kind of buy pressure the price should have driven up - yet in that time period it ran between $184.40 to $185.23 ---- Wat Doin' How Possible? Then sarted to get too high $186 and in comes the red bid bash. + +&#x200B; + +# Chapter Two - Bid side + +&#x200B; + +[It was a PONG game - massive price manipulation](https://preview.redd.it/nk7eo0k90mv71.png?width=287&format=png&auto=webp&s=baa078f2e337151f8f212f4695c7d3586e4146b3) + +&#x200B; + +So here is where the Bid side of the PONG game comes in. The same would happen on the Bid side and low side of the spread (more often than painted red - during PONG)... big sweeps at/near the bid...driving the price down 50 cents or more consolidated into big tickets to avoid the look of EZ to see ladder attacks of 100 share tickets. Odd sizes - much like the Computershare buys that tend to come through in odd large size tickets in this 10:30-11:30 time period. **So the players(conspirators) in the PONG game COLLUDED to pass the price back and forth at stable prices** to avoid being seen as a typical attack - when the reality was they were reloading & printing together to enable later pushes down in what we all still see as the **FINAL DIP BEFORE THE MOON**. + +&#x200B; + +&#x200B; + +[Some of the bid bashing shorting - Everyone of these lines rolled into a large ticket - Note the time of the sale 11:25:39 for all of them. Also see the red in the previos image where you can see 3 large transactions at $186 that wiped the bid side clean and dropped the spread](https://preview.redd.it/1sg6vq5y1mv71.png?width=702&format=png&auto=webp&s=7b1b6ba5ac807ec2f29f60eeadb73ca2b7595599) + +&#x200B; + +&#x200B; + +&#x200B; + +[This shows the probable ComputerShare buys painted green - note all odd numbered lots](https://preview.redd.it/vhydi9ay0mv71.png?width=668&format=png&auto=webp&s=21c4665bd5b78712e96f472cba7d5f7efa9123ed) + +&#x200B; + +&#x200B; + +&#x200B; + +# Chapter Three (THE FTD FAKE SETTLEMENT AND SHORT RELOAD-PT1.) + +&#x200B; + +&#x200B; + +https://preview.redd.it/qwcl0x2h2mv71.png?width=512&format=png&auto=webp&s=c4ac4e069acf7cfc46307889cbb25068f3b5c25e + +&#x200B; + +Again thanks to wrinkle brain u/Sgt-GiggleFarts because day 1 of this I had no real clue what was happening - I shared the facts with a few wrinkle brains and he came back with the FTD reset and that the green paint and white paint with the MM lots thrown in were resetting FTDs and the Reds were price leveling/shorting. + +&#x200B; + +&#x200B; + +# The Scope For Last Week + +&#x200B; + +[This is the volume by time period to show the extent of the F'ery ](https://preview.redd.it/zpwc7pto2mv71.png?width=535&format=png&auto=webp&s=22a7fe76c62f3a968e7badfa575e6440ab3ca55b) + +&#x200B; + +&#x200B; + +[Visual - The average for a day in this type volume is 80-100 like Monday was](https://preview.redd.it/l0xbjoxw2mv71.png?width=697&format=png&auto=webp&s=8a419d7122c3545b2d3c3e6f2e10f1bd32b80f65) + +&#x200B; + +&#x200B; + +[Note the large spike in tickets larger than 5000 shares also](https://preview.redd.it/v046c9qe3mv71.png?width=522&format=png&auto=webp&s=b90c4edc42c03ce2d2fd3dff7c7f4aa70d2e8c56) + +GIVEN TWO - This strategy for the MM & SHF ran Tuesday, Wednesday and Thursday (see in charts) + +GIVEN THREE - See Thursday data - they got better & bolder at it (Hubris maybe) completing their PONG game in two narrow time periods on Thursday. + +&#x200B; + +Analysis - Looking at the volume and using the theory of resetting FTDs via those transactions They reset about 2.3 million shorts in just those 3 days 10/19-10/21. + +&#x200B; + +GIVEN FOUR - Short volume (reported > than 72%) on Friday was the highest its been since July 30th. So they used those shorts and others they anticipated coming in to drive the price down in this low liquidity time. + +# Short Reload Pt#2 + +GIVEN FIVE - I could do a whole additional post on what happened in options Friday. But suffice to say Max Pain going in at open on Friday was $182.50 - **WE HAVE NEVER SEEN** WHAT WAS ABOUT TO HAPPEN - HAPPEN BEFORE - Where final expiry price on Friday was **that far below MaxPain without news, earning f'ery, reports, rumors or negative sentiment**. As the price was driven down with fake newly minted shares - PUT option volume went off the charts all the way down to $170 and at the same time as we have heard and as I can personally confirm for call options I hold in the next 3 weeks - **call option prices went up?????** . **hmmmm wat doin....** The net share flow of expiring at settlement with high new volume in PUTS was somewhere in the 1.2 million net shares range at $170 price. Some used Friday more reserved for this week.... + +&#x200B; + +SUMMARY + +* We know they are capable of f'ery beyond imagination and filled with hubris. The smell of the panic we are seeing is palpable. All it does is give us reason to buy more and feel the end is closer. +* Be ready for additional PONG games this week and in the future +* I have personally filed a SEC complaint in detail with facts and data of this manipulation many would classify as illegal. +Hi all, + +What are the best villages/towns/cities to live in for a decent work-life balance from your personal experience? + +I hated living in London even though supposedly the job market is good. +Something clicked when I was looking at the IBKR short data that u/mendobreadth shared today, and I wanted to share with the class. + +**In short, GME is defying the Golden rule of economics when it comes to shorting it.** + +Everyone knows the Golden rule of economics, but in case you don't: price is a factor of supply and demand. Higher demand than supply makes price go up, higher supply than demand makes price go down. + +So let's apply that to shorting GME. + +**We'll start with the demand**, and according to IBKR, *it is the highest demanded stock on the entire market to borrow*. There is not a single stock on the market that has a higher demand to borrow. So demand is very high. + +**What about supply?** Well, there's two things to consider when analyzing the supply of GME to borrow. First, there are a fixed amount of shares in existence. So the supply is limited, and at a certain point it ~~cannot~~ *(shouldn't)* increase. The second part of supply is how many shares have already been borrowed/shorted. GME has the largest value in open short positions on the entire market, by nearly double the next highest ticker. This means that a very large amount of GME shares have already been borrowed and shorted, so the supply of remaining shares to borrow should be very low. + +*(I know the supply should be negative at this point, but for this exercise I'm pretending all we know is that it's very low)* + +So we know from the IBKR data that the demand for borrowing GME is as high as it can get, and the supply of GME shares to borrow is as low as it can get. So, according to the Golden rule of economics, the cost for borrowing GME should be astronomical. **And it would be in a brokers best interest to charge more to short GME than any other ticker on the market.** + +In shorting stocks, the cost of doing it is the fee to borrow shares. This is an annual interest rate that is generally paid daily or weekly, depending on agreements. So, GME should have the highest interest rate to borrow on the market, and it shouldn't even be close. Let's look at IBKR data for highest costs to borrow. + +Hang on. Let me just find GME on the list real quick. Wait... It's not there. They have a list of the 15 highest borrow fees, and GME isn't even on it. So I guess we can take a look at the rate on iborrowdesk, which also uses IBKR data. + +**The cost to borrow GME is 1.0% interest.** For anyone paying attention lately, it's been 1.0% for weeks. The demand to borrow goes up, the price of the stock goes up, the supply should be going down, yet the price remains about as low as it can get. + +But it's in IBKRs best interest to get as much money from fees as they can, which is a lot given how much demand there is to short GME. So what gives? + +**I think IBKR and other brokers are keeping the borrow fees for GME artificially low to help SHFs stave off margin calls**. The interest is due on a regular basis - so increasing the borrow fees would likey put SHFs in a margin call. They wouldn't be able to make the higher interest payments, so it would force them into liquidation, and that would be it. + +Thomas Peterffy, the CEO of IBKR, admitted in January and again in February that IBKR had enough liquidity to meet the increased capital requirements, but chose to stop trading on GME anyways to "keep the price from going into the thousands". So it's well documented that Thomas Peterffy will do something that isn't in his best interest to help hedge funds remain solvent. I think that is what's happening here. There is no reason to not charge astronomical borrow fees on GME unless you knew doing so would set off the MOASS. + +If I am right, the squeeze will still happen. This is just buying themselves some more time, one day at a time. In the end, we are inevitable. + +Buy Gamestop. Hold Gamestop. Vote for Gamestop. Shop at Gamestop. + +Ape together stronk. +I keep seeing a lot of misinformation about a revival of the Blockbuster brand causing a squeeze on zombie Blockbuster stock. + +Blockbuster zombie stock (BLIAQ) does not own anything Blockbuster related anymore. There's nothing of value still owned by the original Blockbuster stock, now zombie penny stock. It finished bankruptcy. That stock isn't even called Blockbuster anymore, the name was changed to BB Liquidating in 2011. + +Dish Network owns Blockbuster's IP, including trademark, branding, and twitter account, bought during bankruptcy. Basically, Dish sucked out anything of value left in the original company and left just a hollow shell. + +Whatever partnership possibly happens with the GME NFT Marketplace and Blockbuster will boost Dish Network stock, not zombie Blockbuster stock (BLIAQ). + +Whatever squeeze may or may not happen with BLIAQ would happen because of short positions that never closed getting squeezed, not any revival of the Blockbuster brand. + +Please do not waste money rushing out to buy BLIAQ because of all the Blockbuster tweets this weekend. They have nothing to do with each other. Buy and DRS more GME. It's cheaper now. + +Some sources: + +Dish Network completes acquisition of Blockbuster +[https://www.cnet.com/tech/services-and-software/dish-network-completes-acquisition-of-blockbuster/](https://www.cnet.com/tech/services-and-software/dish-network-completes-acquisition-of-blockbuster/) + +BLIAQ Stock: 7 Things to Know About the Blockbuster Remnant +[https://www.nasdaq.com/articles/bliaq-stock%3A-7-things-to-know-about-the-blockbuster-remnant-amid-the-reddit-run-up-2021-01](https://www.nasdaq.com/articles/bliaq-stock%3A-7-things-to-know-about-the-blockbuster-remnant-amid-the-reddit-run-up-2021-01) + +"BB Liquidating is what’s left of Blockbuster after its bankruptcy and asset sale in 2011 to DISH Network." + +[https://www.zippia.com/blockbuster-llc-careers-1327661/history/](https://www.zippia.com/blockbuster-llc-careers-1327661/history/) + +"The entity that operated Blockbuster prior to the sale to Dish remains nominally active under the name BB Liquidating Inc., and trades as a penny stock. However, it no longer has any assets or ties to the Blockbuster brand or its remaining franchise location." + +Blockbuster is trapped in brand limbo +[https://www.retaildive.com/news/blockbuster-is-trapped-in-brand-limbo-will-it-ever-get-out/609054/](https://www.retaildive.com/news/blockbuster-is-trapped-in-brand-limbo-will-it-ever-get-out/609054/) + +"To recap, \[Dish Network\] owns the Blockbuster IP but doesn’t use it to brand any of Dish’s services or technology, only promote them — and even that it does rotely and sparsely, from everything I can gather. The question I have had for years, and have never gotten a satisfying answer to, is: Why does Dish even still want the Blockbuster IP at this point?" + +"Two tweets last year from Blockbuster’s account (which is the property of Dish, and is not to be confused with the hilarious and cathartic The Last Blockbuster Twitter account)." +So I have to refinance within a year to get my current spouse's name off of the mortgage. I owe 170k on the house. I'm currently on a 30 year fixed at I think 3.25% which is around $980 a month. I'm soon to be a single father who makes around 55k-60k per year. I don't have a car payment and pretty much no debt. However, I'm considering getting something to drive more gas friendly as I have shared custody and drop off and pick up my child frequently through the week and every other weekend. I know mortgage rates are high right now and I fear how high they may go over the next year. I have 40k in savings, 5k in a Roth Ira,1k in robinhood, 4k in cash, and about 150k in 401k. However, 20k will be awarded to my spouse at time of refinance. My child support will be about $60 per month. I'm just trying to make sense of all this and attempting to set myself and my child up for optimal financial security in the future. Thanks for any advice. Oh yeah, Happy Thanksgiving! lol +According to their 13F, at the end of the 4th quarter: + +* 165,333,962 shares worth $27.98 Billion (~3% of AAPL) +* +24% from the previous quarter +* 14.63% of the portfolio +* Next closest: WFC 14.53%, KHC 13.24%, BAC 10.48% + +https://www.insidermonkey.com/hedge-fund/berkshire+hathaway/1/holdings/ +The current CEO of BNY Mellon [is this guy.](https://www.bnymellon.com/us/en/about-us/leadership/gibbons.html) + +I'll quote the relevant part + +> Todd Gibbons currently serves as the Chief Executive Officer of BNY Mellon. ***Prior to that, Todd had been a Vice Chairman of BNY Mellon and CEO of Clearing, Markets and Client Management. In that role he oversaw the Pershing clearing business; the trading, financing, collateral and liquidity management solutions delivered through the Markets business; treasury services and commercial payment activities; the U.S. government securities clearance and U.S. tri-party repo businesses*** delivered through BNY Mellon Government Securities Services Corp; credit services; global client management; and regional area management. + + +&nbsp; + + +Now we already know, BNY Mellon is [holding millions of shares of $GME puts in Brazil](https://reddit.com/r/Superstonk/comments/pncjxr/the_brazilian_company_holding_millions_of_puts_is/)... for who knows why and for whom no one knows, they filed the shit wrapped in confidentiality. + +(October, 2020) +> Mellon has hired a former Goldman Sachs senior director in a new role that centralises the leadership for the custodian’s capital markets businesses. + +> [Robin Vince has been appointed as vice chair and CEO of Global Market Infrastructure, where he will have oversight of ***Clearance and Collateral Management, Treasury Services, Markets and Pershing businesses.***](https://www.bnymellon.com/us/en/about-us/newsroom/press-release/bny-mellon-appoints-robin-vince-as-vice-chair-and-ceo-of-global-market-infrastructure-130123.html) + + +We know that Goldman made [this in October of 2020](https://imgur.com/a/VDeKsIv) lining up with the new guy being hired at BNY Mellon, just so happens to *take the old CEO's job.* (then updated this filing in *May 2021*) + +*January sneezed* + +&nbsp; + +(April 2021) - BNY Mellon opens a [line of credit with Citadel Europe](https://www.reddit.com/gallery/o13686) + +(April 2021) - Citadel Europe [closes their Luxemburg office](https://www.reddit.com/r/Superstonk/comments/o1105u/just_saw_this_from_twitter_citadel_securities_in/) + +(April 2021) - Goldman guy [joins the unopened Citadel Paris](https://www.efinancialcareers.com/news/2021/05/leaving-goldman-sachs-for-citadel) +> One of those understood to be joining is Charles-Antoine Palcoux, a former macro strategist/rates structurer at Goldman Sachs in London. Goldman insiders say Palcoux left Goldman after nine years last month *(this was written in May)*, and is joining Citadel's Paris office as a desk strategist. + +(April 2021) - BNY Mellon [opens up triparty transactions to Chinese debt](https://www.bloomberg.com/news/articles/2021-04-13/bny-mellon-opens-4-trillion-repo-niche-to-holders-of-china-debt) + +(April 2021) - [Citadel Securities Hires Ex-CFTC Chairman Tarbert as Legal Chief](https://www.bloomberg.com/news/articles/2021-04-01/citadel-securities-hires-ex-cftc-chairman-tarbert-as-legal-chief) + +&nbsp; + + +(May 2021) - [this lady joins BNY Mellon](https://www.prnewswire.com/news-releases/bny-mellon-markets-appoints-laide-majiyagbe-head-of-financing-and-liquidity-301286860.html) + +> Laide Majiyagbe has been appointed ***Head of Financing and Liquidity assuming oversight of BNY Mellon's Securities Finance, Liquidity Services and Collateral Segregation businesses.*** + +> In this newly created position, Ms. Majiyagbe will oversee the strategic direction for BNY Mellon's financing, collateral and short-term liquidity offering and drive continued product integration between the businesses under her remit. + +> Ms. Majiyagbe joins BNY Mellon from Goldman Sachs, ***where she spent 14 years serving in a variety of positions, most recently as Global Head of Liquidity Projections in the firm's Corporate Treasury division. In this role, she was responsible for managing the quantum of the firm's global liquidity pool and informing its cash deployment and liability issuance.*** + +&nbsp; + +(June 1, 2021) - [another Goldman guy joins BNY Mellon](https://www.thetradenews.com/bny-mellon-appoints-new-coo-for-global-market-infrastructure/) + +> BNY Mellon has appointed the former head of professional services at Unqork and industry veteran, Alejandro Perez, as its chief operating officer for global market infrastructure. + +> Alejandro Perez is a market structure veteran who has spent the majority of his 25-year career focused on business strategy at major organisations including Goldman Sachs and Bloomberg. + +&nbsp; + +[(July 2021)](https://www.bnymellon.com/us/en/about-us/newsroom/company-news/bjorn-storim-appointed-ceo-of-the-bank-of-new-york-mellon-sa-nv.html) + +> BNY Mellon today announced its intention for Björn Storim to succeed Leonique van Houwelingen as CEO of the Bank of New York Mellon SA/NV (“the European Bank”), subject to board and regulatory approval. Ms. van Houwelingen has been appointed as EMEA Head of Strategic Growth and Regional Head of Client Coverage for the Asset Servicing business, effective 16 July, and will be a Non-Executive Director of the European Bank, subject to regulatory approval.  + +> Mr. Storim joined BNY Mellon in 2020 as Head of Germany, Switzerland, Austria, and Central & Eastern Europe after 16 years at Credit Suisse, where he was responsible for global markets, international wealth management, asset management and regulatory affairs in Germany. + +&nbsp; + +(Sept 2021) - [Goldman Sachs, Citadel and 'unnamed Wall Street powerhouses' meet with China about 'stability'](https://news.bloomberglaw.com/securities-law/china-wall-street-meeting-focused-on-transparency-stability) + + +(Sept 2021) - guy who [quit Goldman in July, joins Citadel London](https://www.efinancialcareers.com/news/2021/09/goldman-to-citadel) + +> One of those to have gamed the seasons is Michael Fargher, the former head of European swaps trading at Goldman Sachs. Fargher, who left Goldman in June 2021, has just joined hedge fund Citadel as a portfolio manager in the London office.  + +>This is Fargher's second time at a hedge fund, and his second time leaving Goldman Sachs. - He spent two years at Goldman between 2009 and 2001 before leaving to complete a double Masters in economics and development studies at Oxford University. When he finished his Masters, he spent a year at hedge fund Millennium, before joining GS once again.  + +*Note* that guy was just [joining his friends](https://www.efinancialcareers.co.uk/news/2020/08/citadel-hiring-from-goldman-sachs) + +> Citadel has been shopping and Goldman Sachs appears to be its chosen aisle. The hedge fund has added numerous managing directors (MDs) from Goldman Sachs. + +> One of the most recent joiners is Sven Khatri, a former managing director in Goldman's strats and treasury quantitative research team. Khatri has joined Citadel as a treasury quantitative researcher according to his Linkedin profile. + + +&nbsp; + +*ALL OF THIS* while is, get this.... BNY Mellon is ***the Clearing Bank to triparty transactions for Citadel*** (sorry you have to search for the DD, thanks automod. It is in the comments of the $5M puts link) + +&nbsp; + + + +Really what the hell is going on here? + +What did [this guy see that made him call all of Goldman to join him? And open a line of credit with Citadel?](https://www.bnymellonwealth.com/profiles/leadership/avi-shua.jsp) who's puts are those huh? + +> Avi Shua is the Managing Director and Chief Information Officer for BNY Mellon Wealth Management. In this role, he is responsible for technology strategy and implementation for the Global Wealth Management business.   Avi is also a member of the BNY Mellon Technology Executive Committee, as well as the Wealth Management leadership team. + +> Avi joined the firm in 2018 and has more than 27 years of industry experience in the financial services sector. Prior to joining the firm, ***Avi served as Global Head of Private Wealth Management Technology for Goldman, Sachs & Co.  During his tenure at Goldman, Sachs, Avi held senior roles in the investment, merchant banking, asset management and commercial banking technology organizations.*** + +*** + +Does it have anything to do with your [blockchain based collateral platform HQLA^x ?](https://www.ledgerinsights.com/goldman-citi-bnp-paribas-back-17-5-series-b-for-blockchain-collateral-platform-hqlax/) + +*** + +Are we talking [Reg Sho violations to hide FTDS?](https://www.reddit.com/r/Superstonk/comments/q3xt78/merrill_lynch_fined_850k_for_reg_sho_violations/) + +&nbsp; + +*** + +(*October 2020*) when this went into motion.... Is when [the media started talking about Ryan Cohen](https://www.fool.com/investing/2020/10/06/why-gamestop-stock-skyrocketed-527-in-september/) buying in.... + +(*April 2021*) when you open a line of credit, [Ryan Cohen is announced chairman](https://www.forbes.com/sites/jonathanponciano/2021/04/08/gamestop-taps-billionaire-investor-ryan-cohen-as-board-chair-sending-shares-surging-anew/) + +*** + + +&nbsp; + +*Surely* this guy who is ["on the Board of Governors of FINRA and was previously a member of the Board of Directors of Securities Industry and Financial Markets Association (SIFMA) and the Financial Services Institute (FSI). He also completed the Securities Industry Institute® (SII) program at the Wharton School of the University of Pennsylvania. He previously served on the SII Board of Trustees, where he held the role of Chairman from 2007-2009." would say something *right?*](https://www.pershing.com/biographies/james-crowley) + +How's his replacement doing? + +> BNY Mellon Pershing has hired Emily Schlosser, the former head of change for Goldman Sachs’ global markets division, as its new chief operating officer, replacing Jim Crowley, who was promoted to CEO of the organization about a year ago. + +> Prior to joining Goldman, where she served as a managing director for three years, Schlosser was the chief operating officer of corporate services at E*Trade for two years. + +*Ah shit* + +I think [Pablo might know something](https://www.citadel.com/leadership/pablo-salame/) as he + +> is Head of Global Credit at Citadel, responsible for leading the firm’s developed and emerging market credit strategies and convertible arbitrage activities. He also serves on Citadel’s Portfolio Committee. + +> Prior to joining Citadel in 2019, Pablo worked at Goldman Sachs for more than 22 years, most recently serving as Co-Head of the Securities Division for 10 years. His previous roles include Head of European Equities Trading, Co-Head of Global Credit, and Global Co-Head of Emerging Market Debt. He began his career working for Citicorp. + + +Oh then there's the fact that [Goldman Sachs is the clearing broker for Citadel](https://www.reddit.com/gallery/meov7p) "and in that capacity may have custody of funds or securities of Citadel Securities LLC" + +&nbsp; + +And get this, Citadel got so big... [by buying Goldman's DMM business after it merged with another.](https://www.prnewswire.com/news-releases/citadel-securities-reaches-preliminary-agreement-to-acquire-dmm-unit-from-imc-301149075.html) + +> Citadel Securities, a leading global market maker, today announced that it has reached a preliminary agreement to acquire IMC's Designated Market Making (DMM) business on the floor of the New York Stock Exchange (NYSE). + +> IMC has been a DMM on the NYSE since 2014, when it acquired Goldman Sachs' DMM business. Since 2014, IMC has expanded its market making operations with an increased focus on ETFS and options and has also increased its U.S. operations almost two-fold to nearly 400 people in support of its trading operations growth. The sale of the DMM business at this time, which represents a small portion of its overall U.S. operations, is consistent with IMC's growth strategy. IMC is committed to growing its ETF and options business, as evidenced by its ongoing performance as a Lead Market Maker in over 150 ETFs and a Lead Market Maker in over 500 Options classes, as well as registered market maker in all products it trades.   + + +&nbsp; + +Oh and ***guess who was giving loans to Robinhood in January*** + +> [Robinhood’s lenders include JPMorgan Chase & Co. and Goldman Sachs Group Inc., according to data compiled by Bloomberg.](https://www.bloomberg.com/news/articles/2021-01-28/robinhood-is-said-to-draw-on-credit-lines-from-banks-amid-tumult) +Another Wall Street firm is throwing in the towel on posting ratings on GameStop amid the Reddit rally and share price volatility. + +* Baird says it is temporarily suspending a rating and price target on the retailer until it more clearly articulates new management’s business strategy. That disclosure should also allow investors to better assess the company’s "intrinsic value and prospects for future free cash flow generation," according to analyst Colin Sebastian said in a note released Monday. +* Sebastian says GME is trading on non-fundamental social media influences and other factors that make it difficult in the near term to make a reasonable stock rating recommendation to institutional investors. +* Baird had a Neutral rating on GameStop and 12-month price target of $25 before the ratings pull. +Back in late 2014 I bought my first coins, here’s what I’ve learned since… + +1. Hodling is simple, but it isn’t easy. +2. When you get rich very few will be genuinely happy for you. Try to keep your success as quiet as possible. +3. Consistency is key. +4. DCA + smash buying helps soothe emotional volatility. +5. Have a plan and stick to it. +6. The mainstream news is always hilariously wrong about bitcoin. +7. Shitcoins are a high risk / high reward proposition. +8. DONT TRADE. But If you are going to trade you need to measure your performance in bitcoin terms. +9. Mining is a profession, not a hobby. +10. Frugality is paramount. If people aren’t laughing at your lifestyle, you probably aren’t hodling or stacking hard enough. +This is not an endorsement for Tezos. In fact, [Tezos has more red flags than China](https://np.reddit.com/r/ethtrader/comments/6am251/what_are_everyones_thoughts_on_tezos_coinss_ico/) (no offense China, your have reason for those flags). That said, if you feel compelled to contribute to Tezos, **don't use ETH**. + +Not because of its effect on the value of ETH. ETH's medium/long term is as secure as it gets in crypto, so any momentary drop (assuming that happens at all) will be passing phase, and an opportunity to buy. But don't hold your breath on a drop either. Too much coiled up developer news in ETH to even pretend to guess the upward momentum. + +However, **use Bitcoin for Tezos because if you don't you could lose your contribution quite easily**. The Tezos ICO is valued in BTC, with ETH as a work around where you include transaction data, and deal with a conversion. This added complexity is just asking for human error, lost information and lost value. The value of ETH contributed will be converted to BTC, which makes it less than transparent in conversion. **Don't do it.** It's more transparent and easier to simply use BTC. **They are being pretty transparent that BTC is the primary expectation here. So use it!** + +I know it might feel a little dirty holding BTC right now, but hey, you're willing to throw money away on Tezos anyway, so what do you care (joking joking). But seriously, I get the desire to put a little down on Tezos, much like I get the desire to buy a lotto ticket. But still, for your own good, **use Bitcoin**. +I've received an offer from a company I'm interested in working for. It's over 25% more than my current salary package, which is >$100k. It's for a US company in a country outside the US. I've usually negotiated a bit in the past but I don't think it's worth pushing them on money when it's already quite reasonable. + +They called me to 'get my reaction', and I have the night to think about it, so I'm tossing up whether to ask for some non-financial benefits. + +***I'm curious what else you've asked for and had a company agree to in the past?*** + +The main ones that come to mind are seeing whether I can try to negotiate more paid leave (though I figure they will say they don't have that option). I've already talked about some flexibility on office hours, leave without pay and occasional working form home - all of which they are theoretically OK with to some degree. I might see if I can formalise something (get it in writing, or at least verbally acknowledge it so I don't feel like I'm treading on eggshells about it down the track). + +NB - The package is good, though I have another similar (slightly less lucrative) option on the table from another job which I know has good 'quality of life' benefits and that I know lots of people in, so I don't have to take it (though I am leaning towards doing so at this point for various reasons). +I was inspired by a post I saw here a few days ago and had to share the most bizarre conversation I've just had with BT. Took out a £35/m 2 year contract in September. This week we got notification through that the price would be going up in line with RPI, to around £38/m. + +I've called them this evening to ask what the termination fee would be, as Sky were offering to pay the fee and give me a cheaper deal for the same package - termination fee came to £350, which he said Sky won't pay as the max they will pay is £200. However, he offered me a £1 a month increase to my contract which triggers a new 14 day cooling off period in which I can "shop around" and cancel with no termination fee. I read it all back to him to be sure, that if I accept the £1 increase today I could call back tomorrow and cancel for free, which he confirmed. Some serious loopholes out there and if you don't ask you don't get! + +EDIT: Already had the confirmation email through about the new contract, set up the new deal with Sky and got a cancellation email from BT saying "there is no charge for terminating your contract". +I simplified by absurdly diversified dividend portfolio to a few simple stocks: + +$HD +$NEE +$KO +$JNJ +$T + +I'm young so im planning on holding for a long time. Most of my money is going to the ones with the biggest dividend growth. + +Can't wait to see how this plays out in the future with DRIP! Going to be awesome being part of this community! +I am 27. She is 50. My parents divorced when I was 15 and she's never been good with money. We were flat broke after the divorce for years b/c dad didn't pay child support. He currently still dodges paying. We've joked about how I'm her retirement plan. + +Except it's not a joke. I make very good money now, probably enough to actually support her by the time she retires. + +What account(s) should I start putting money away into to try and prepare? Is there a such thing as a trust fund for a 50 year old? I can't do an IRA because that's when I turn 59.5. Please advise. +I currently have a great corporate job making good money. Been in the workforce for 14 years since graduating college, 37. However, I’ve been investing in real estate/rentals over the years. I currently have 7 rentals and wanting to make the jump to do that full time, but want to make sure I’m not missing anything. Gross rental income would be $316k, net annual income after all expenses (personal and rental related) and taxes would be $62,111, or $5,176/month. This would purely be to put into savings and food/entertainment/travel - all primary home expenses, health insurance would already be paid. I’d also have $350k in a 401k and $250k liquid and low-risk invested. Is that too far fetched in the current economy? +Good Morning Everyone! + +Sorry for the late start today; I am back guest-guest hosting tonight as our good friend u/Parsnip had his Internet go down! :( Let's pray to the IT gods for his Wi-Fi's safe return. + +Prepare your Diamantenhände, [read some God-tier DD](https://redd.it/o0scoy), request your bans and join together to watch low-frequency updates from a single German exchange as we prepare for the US pre-market to open! + +As usual, prices are from [https://www.ls-tc.de/de/aktie/gamestop-aktie](https://www.ls-tc.de/de/aktie/gamestop-aktie) and are converted in Google. Let's have some fun! + +🚀 [US pre-market is open!](https://finance.yahoo.com/quote/GME/) 🚀 + +🟥120 minutes in: 184,72 € / $221.41 + +🟩115 minutes: 184,75 € / $221.44 + +🟥110 minutes in: 184,50 € / $221.14 + +⬜️105 minutes in: 184,72 € / $221.41 + +🟩100 minutes in: 184,72 € / $221.41 + +🟥95 minutes in: 183,65 € / $220.12 + +🟩90 minutes in: 184,10 € / $220.66 + +🟩85 minutes in: 182,90 € / $219.23 + +⬜️80 minutes in: 181,05 € / $217.01 + +🟥75 minutes in: 181,05 € / $217.01 + +🟥70 minutes in: 181,60 € / $217.67 + +⬜️65 minutes in: 181,62 € / $217.69 (nice) + +🟩60 minutes in: 181,62 € / $217.69 (nice) + +🟩55 minutes in: 181,57 € / $217.63 + +🟥50 minutes in: 181,37 € / $217.39 + +🟩45 minutes in: 181,47 € / $217.51 + +⬜️40 minutes in: 181,40 € / $217.43 + +🟥35 minutes in: 181,40 € / $217.43 + +⬜️30 minutes in: 181,65 € / $217.73 + +🟩25 minutes in: 181,65 € / $217.73 + +⬜️20 minutes in: 181,37 € / $217.39 + +🟥15 minutes in: 181,37 € / $217.39 + +⬜️10 minutes in: 182,97 € / $219.31 + +🟥8 minutes in: 182,97 € / $219.31 + +🌈US market close price: 186,02 € / $222.97 + +🌒(after-hours: 186,13 € / $223.10) + +I'm not trying to permanently take over this tradition, just keep it going for fun on days when u/DerGurkenraspler doesn't start the thread at the normal time. They have been unexpectedly absent recently, but I will gladly bow out of this role when they resume updates. + +Many have expressed concern for the founder of Diamantenhände. I continue to attempt to contact him, but have not received a reply. However, I have heard from someone who knows our German friend. They have indicated that he is okay, but has some external factors that he needs to focus on. + +Diamantenhände isn't just a thread on Superstonk, it's a community that gathers daily to represent the many corners of this world who love this stock. We all love seeing the energy that people represent their varied homelands. Show your flags, share some culture, and unite around GME! (copied from u/Parsnip) + +https://preview.redd.it/dab2o1jysr571.jpg?width=960&format=pjpg&auto=webp&s=0184c3ae3f9cb71cfcc40211d3b4bf7582edfeae + +&#x200B; +**DRS Guide Post:** + +[https://www.reddit.com/r/Superstonk/comments/ptvaka/when\_you\_wish\_upon\_a\_star\_a\_complete\_guide\_to/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/ptvaka/when_you_wish_upon_a_star_a_complete_guide_to/?utm_source=share&utm_medium=web2x&context=3) + +------------------------------------ + +What better way to kick off the new year, than an AMA?! + +*Ronan Ryan* ,Co-Founder and President of IEX is joining us for an AMA that’ll be recorded offline in late January and released in early February! 🎉🎉 + +Here’s a bit of an intro: + +*Ronan is responsible for the strategic direction and growth of IEX Exchange. He focuses on building and strengthening relationships with external stakeholders, including broker-dealer members, institutional investors, and companies.* + +*Prior to co-founding IEX, Ronan was the Head of Electronic Trading Strategy at RBC Capital Markets, where he used his prior experience in network, hardware, and co-location technology to generate client-facing solutions. Ronan was also the Head of Financial Services Development at Switch and Data and Head of DMA and Co-location solutions at BT Radianz, a leading network solutions provider.* + +------------------------------------ + +**PLEASE READ** + +# Topics Off the Table + +As with Computershare, there are topics IEX are unable to discuss. So you’re aware and don’t end up asking questions related to the topics please find them below: + +1. The lawsuit brought by Citadel regarding the D-Limit order type, as the litigation is still ongoing (they can discuss the D-Limit itself, how it works and was designed to protect investors etc…) +2. Specific routing practices of their members. They can speak generally about different order types, but cannot share details about how their members choose to route orders due to confidentiality agreements +3. Information about specific orders or trade outcomes due to industry regulations + +# Ask Away + +You know what to do, ask away in the comments below. I’ll then compile each and every one of your questions and do my best to fit them into the interview! + +---------------------------------------------- + +**Questions Close** *Sunday 9th January 11:00PM EST* + +---------------------------------------------- +[https://www.marketwatch.com/story/gamestop-the-incredible-unshortable-stock-11617659694](https://www.marketwatch.com/story/gamestop-the-incredible-unshortable-stock-11617659694) + + “I mean, we can just \*buy\* the 3.5 million shares before the hedge funds get a hold of them,” posted one Reddit user on Monday. +Hi, due to an inheritance I will be receiving approximately 400k in the next 6 to 12 months, over half of which is coming from a house (which I plan to sell). I believe I will not be paying inheritance tax on it as my father has left the house to me. Also I've read the flowchart and I feel like I'm in a pretty financially solid position, and just now have some more options with this recent windfall. + +My information +Age: 29 + +Salary: 80k + +Savings + investments + little bit of crypto: 80k + +Debt: 20k student loan (plan 1), currently paying it off at 400 / month + +Goals: Retire early. At age 50 would be fantastic. + +First of all I'm planning to sell the house. I don't want to live there and I don't think I want the hassle of trying to rent a place out, but I'm all ears if you think there's any reason for me to hold onto it. + +Then I would like to aggressively pay off my student loan over the next year (~1.5k a month). Put 50k into premium bonds as a huge emergency fund, a bit of interest, and to satisfy a very small gambling craving. Then with the rest I think my options are: buy property or invest. I like the idea of using property as an investment, but I also am not to sure about all of the troubles and effort associated with owning a home and renting it out (bad tenants, repairs, taxes, etc.). For this reason I'm thinking of putting most of it into stocks and shares, and continuing to rent. + +If I wanted to put most of this into stocks, I understand that lump sum is generally better than DCA but this would be tough mentally to put it all in at once. Should I just bite the bullet and lump sum? + +How does this plan sound? Thanks +Ok I visited the ER back in November last year for a broke finger. While I was checking in I tried to give the nurse my insurance card but she said that it's already on file so business went about as usual. I had received a bill in the mail from my insurance for 100$ later on so I assumed it was for that visit and paid it without thinking. My mail has been sent to my parents house the past six months and sometimes they would hold my mail without realizing before telling me or dropping it off, coupled with that wait time and the fact that I didn't open these certain envelopes because I thought they were from a physician's group I stopped going to 8 months ago and they were trying to get me to sign up for some program they had been pushing for a while (just a website to signup to view your chart) so I didn't open mail from them. Well all those were notifications of my bill and for some reason the ER I went to was part of this group and I never realized it. Anyway now I'm past the 30 days they give you to challenge th debt before giving it to a collection agency. I know I messed up but this hospital screwed up. And what I dont get is that I didn't even have a copayment when checking in so idk how this happened. Should I attempt to contact the hospital or is that a lost cause now? I'm not sure what to do. +Hi, + +I'm building a similar service as CoinMarketCap with a slightly different focus. It shows you the current market situation of a specific crypto currency in the context of the whole market. + +Features: + +- Shows the relative performance of a selected base currency in comparison to others over the last 1h, 24h, 7d (Mobile & Desktop) + +- Shows you how much coin X must gain to reach market cap of coin Y. +For example: ETH must gain 89,61% to match BTC (Desktop) + +- Shows the biggest relative gainers and losers (desktop) + +- Shows the trading volume of the top 100 cryptos in comparison with the NASDAQ (Desktop) + +- Number of actual traded units per day + +- Completely ad-free + +- Mobile-friendly + +- Share the market situation of any currency + +- Crypto currency converter + +- Automatically updates prices without reloading + + + +Link: +https://chainswap.io/#/ETH + +Feedback is very welcome! :) + + + + + +Hi, PF. First time caller, long time listener. 30, trade worker married, two children (8 and 2). + +My wife and I make a combined $65k, give or take (she works part time to stay home with the kids). My mother lives with us (she works full time still @ 67 years old). She's single, helps with the kids, and I want her to keep saving for retirement. She owns no property and just has a small savings. + +Anyway. The house we're renting now we are being forced to leave within the next 12 months (more like 6 months) but can leave whenever we want before then. I live in New Jersey, where property tax is insane. But all of our family is here, my oldest is in school and loves it, and all of the surrounding towns (that aren't crummy) within a 30 mile radius are the same or more expensive. + +Anything I look at (has to be 3 bedrooms because of my mother) is in the realm of $2500 and up. Even if we split up, our rent would hover around $1500 and my mother's would be in the ballpark of $1100, so we wouldn't be saving anything. + +I've been looking for nearly 3 years and that's just what it is in this area. And even those properties that are for rent are few and far between. Perhaps one pops up every few weeks. The random cheapy pops up (say $2100), but is always a complete shithole when I go check it out. + +A mortgage for a modest house (all we really want. Something along the lines of a 3 bedroom/1-2 bathroom with a basement I can one day finish or is finished already), including the outrageous ~10k in taxes would be on par if not cheaper than rent. On par due to insurance, repairs, etc. But, still likely cheaper. + +Now, with my mother's income as a co-signer, we're around $80k-$85k. We have the down payment, though we've discussed PMI. Our credit scores are 820, 810, and 720, respectively. Yet I still have this feeling we're not able to swing it. Maybe that's just because I was brought up not watching my mother own a house and it feels like a pipe dream. + +We have no debt aside from my $250 car lease (we own the other cars). I just paid off my trade school loan. Credit cards are zero. And so on. + +What do you guys think we should do? Any advice is appreciated. Thank you. + +*Edit: I expect to buy something in the $275k to $325k range. That's a starter around here (or a fixer upper), but I really have no desire to move once I'm in. I'd like to buy and own for good. I have close to 20%, and would likely have that 20% by the time push came to shove. I have 6 months emergency saved. + +*Edit 2: Holy lord. I went to bed and woke up to this having blown up. Will get to reading! + +*Edit 3: Tons and tons and tons of great advice. Wow. So, a few things: + +1. I'm a barber. That's my trade. Everyone seemed to assume that it was some other labor job, but that's it. For what I do, I make great money (the majority of the income between my wife and I) because I work just outside of the city, which leads me to + +2. I can't leave NJ right now. That seems to be the most popular advice. I would never make what I make now outside of the area I'm in. I'm essentially the manager of my store and, for lack of a better term, stepped in shit in the last year. The only way I'd move on is by opening my own shop, which is absolutely in the cards. But there's no way I'm opening something and buying a house at the same time. I don't think my health insurance would handle a stroke without the deductible killing my emergency fund. + +3. I forgot about my health insurance. $550 a month, out of pocket. The rest is covered (4 of us). + +4. I'm not 100% reliant on my mother's income. That is essentially just go get us the loan. I have other small streams of income that I didn't include because it's erratic. Also, my wife will be going back to work in 2 years, replacing my mother's income. Anything from there is just gravy. I'd expect we'd be in the $80k ballpark alone within the next 2 years. And that's a lowball estimate. +Background and discussion on the poll can be found here: + +[https://www.reddit.com/r/ethtrader/comments/b7z407/poll\_proposal\_seeking\_community\_input\_on\_using/](https://www.reddit.com/r/ethtrader/comments/b7z407/poll_proposal_seeking_community_input_on_using/) + +The general idea is to compensate the developers working on the [DAONUT project](https://www.reddit.com/r/ethtrader/comments/an5577/a_communityled_initiative_to_decentralize_donuts/), which is currently only /u/carlslarson but will hopefully include at least one additional developer, with the 300,000 donuts currently being allocated every week to the Community Fund. + +The hope is that the funding will help sustain and incentivize the work being done on the DAONUT, to help bring forward the date that /r/EthTrader becomes the first Reddit community to have natively integrated ERC20 donut tokens. + +\_\_\_\_\_ + +Apologies, I didn't set up the original poll, [found here](https://www.reddit.com/r/ethtrader/comments/b958mj/governance_poll_should_the_community_fund_donuts/), correctly for a governance poll. A poll has to be selected as a governance poll when being created to activate the decision threshold mechanism, and has to be set for 5 days (default is 1 day). + +If you voted in the previous poll, please vote here as well. Thanks and sorry again for the mix-up. + +[View Poll](https://www.reddit.com/poll/b9dy2h) +Hi guys, two weeks I ago I've published a simple, buggy version of the [Rent vs Buy Calculator](https://www.rentvsbuy.app) that I've developed after spending 3 weeks conducting my own research, crunching numbers and doing an analysis of the question "Should I Buy or Rent While Continue to Invest My Spare Money?". The app is based on the idea of ROI comparison for both of these investment scenarios on the same time horizon (say 10-15-25 years). The feedback from the community was overwhelming (284 upvotes) and your suggestions were super helpful! Today I'm glad to present a second version of the tool, with redesigned UI and functionally improved purely based on your comments. I would be glad to hear your thoughts on the new version and hope it would serve the community members well and help you to run your own "Rent or Buy" numbers on your journey to FIRE. + +&#x200B; + +**P.S. Please use Desktop for better user and reporting experience ;)** + +**P.P.S. Reddit, you are awesome! Thanks for all the feedback provided so far!** +I asked a little while back about real-life returns and got a range of answers, and I'd say many ranged from around 10-30% per year. + +But I realized I didn't ask an important thing - how much of your buying power are you using? And are you using margin? + +With a portfolio around $750k, I'm trying to work out the number of positions and the appropriate position sizes, but I figure I need to determine how much BP to use first. And I'm wondering what all you more experienced types have been doing +Some investors such as Mohnish Pabrai have talked about the benefits of cloning other value investors, he even has a 'shameless cloning' portfolio on his website, do many people here invest this way? + +If not why not, I see some downsides are that they typically have to invest in larger companies due to portfolio sizes, also the lag in 13f filings, however if you are cloning investors with long term investing horizons and minimal turnover I don't see this as much of an issue. + +I think it would be difficult to outperform these investors long term so why not just clone them? +I kind’ve asked a similar question before, but wanted to hear some different responses. + +How do you value a company who’s expected to have negative free cash flows for the foreseeable future, surely their stocks fair value isn’t negative? How can I include the company’s non-tangible value into a discounted cash flow, or should I be using a different method entirely for growth companies who are not yet profitable? +Do you guys think that Chinese companies are an absolute no for you? + +Would a Chinese company that is inspected by the PCAOB make you more comfortable in buying a piece of that company? +Apparently my younger cousin was trying to convince her to buy some. Just WTF is going on? + +He asked me about BTC, XRP, etc. That I get. But my aunt asking me about sub-100 market cap coins? Not sure how much longer I can take this lol. +Apparently my younger cousin was trying to convince her to buy some. Just WTF is going on? + +He asked me about BTC, XRP, etc. That I get. But my aunt asking me about sub-100 market cap coins? Not sure how much longer I can take this lol. +Apparently my younger cousin was trying to convince her to buy some. Just WTF is going on? + +He asked me about BTC, XRP, etc. That I get. But my aunt asking me about sub-100 market cap coins? Not sure how much longer I can take this lol. +Hey there, long timer here. I've been doing crypto since 2012, got my first amounts of bitcoin at <$20 range. (don't worry, they're long gone now) + + +Do yourself a favor and zoom out. Crypto goes through these kinds of boom and bust cycles all the time. Sure it's fun to see the price shoot up by 10-20% in a day, but this is it, these are the moments that separate the smart money from the dumb money. + + +Please don't invest more than you can afford to lose, don't fomo into something with dollar signs in your eyes, and don't assume that price can just trend in one direction forever. +Hello world 👋 +Just like yesterday: Lots of personal stuff to do ( don't worry, nothing too serious, everything is okay ) so I can't update every 5 minutes. +Sorry for the inconvenience, I will be back with my 5 minute schedule on monday 😊 +Enjoy your friday and let's see if we can close with 200 US-$ today 😉 + +Current price "85 minutes in: 160.38 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. + +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 $! +https://www.ls-tc.de/de/aktie/gamestop-aktie + +Can you post the volume too? +- +I can't see the volume on my banking app but you can find it online or probably in my comments, since some friendly apes talk about it often. +But remember how low the volume is in the US pre-Market and we're talking pre US pre-market here so I think that the volume doesen't reeeeally matter this early into the trading day. + +Why are you doing this every day, what's the point of posting these numbers, since the volume is nothing compared to the one in the US? +- +I think that it's less about the numbers, it's to show that every minute of every day, there is an ape who's holding GME. +Look through the comments, there are people from all around the world just wishing each other a good morning, how awesome is that? +I think that this feeling of camaraderie is crucial, it's good to know that I'm not the only one liking this stock. +I'm holding since november and I will continue to hold for my brothers and sisters. +We are not a union, we are all individuals who like the stock, but we're still family! + +Starting:                  164.39 US-$ + +10 minutes in: 164.33 US-$ + +70 minutes in: 164.27 US-$ + +85 minutes in: 160.38 US-$ + +NO UPDATES EVERY 5 MINUTES TODAY, PLEASE READ MY INTRODUCTION, THANK YOU ☝️ +Hello guys, + +&#x200B; + +I need some explanation. + +I am a french-resident and I have been investing in ETFs of Vanguard and Ishares. + +These ETFs are located in Ireland. + +I would like to understand how dividends are taxed. + +I know the law on capital gains and dividends in French, but nothing about Ireland located ETFs. + +I heard about double withholding tax. + +Can anyone clear it for me? + +Thanks guys. +Hi, I am 18(M) from Bulgaria and I want to invest in the stock market. I have around 500 euro, which I am willing to spare. I have the same amount saved up for emergencies. Is 500 euro a good sum for a beginner? And if so, in which platform should I invest? +Hey everyone, + +Just wanted to remind everyone of a few things because it's critical to do so: + +1. Remember the SEC report from a few months ago? It mentioned that VERY LITTLE of the rally from January was from shorts covering. The media told us shorts covered almost IMMEDIATELY afterward, but we now know this was another lie. So if it didn't happen then... when did it? +2. They LITERALLY changed the way short-interest is calculated to make it seem like it was GameOver +3. Wes Christian and Dr. T explained how they circumvent REGSHO reporting by hiding short interest in options +4. There is NO accountability with short selling or reporting. Short sellers will often write their own reports, then give it to research firms and make you think they are independently published. You only have their "word" and that's about as reliable as a wet fart when you have the flu +5. Immediately after the heat was put on Citadel, Ken Griffin. went out and did a bunch of interviews talking about how successful and wholesome his company is. When the rest of the world was burning, it appeared as if he was the "savior".... makes me sick + +Anyway, Citadel Securities is set to release financial statements in the next couple of weeks. Meanwhile, the DOJ is knocking on some doors... you're next, Ken. + +**NEVER FORGET #CitadelLied #KenLied** + +I guess they thought we'd get bored by now? Apparently they have no idea how "stupid" we really are. + +https://preview.redd.it/5am3cpltzli81.jpg?width=1200&format=pjpg&auto=webp&s=819737daccb3d79086400931746c0b24c1909c7e + +\#LFG #GMEtoTheMoon 🚀 💎 + +**DIAMOND.F\*CKING.HANDS** +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 morning on Radio 4 it was announced the Bank of England was asking high street banks if they were ready to implement negative interest rates. + +My understanding of this part of finance is sketchy at best, but plainly the bank of England is worried about money being kept in pockets and not changing hands. + +Can someone explain to me the knock on effects on a wider level? +/*Editing to delete main text:*/ + +Thank you for all the advice and tools. Wow…. this really blew up in a way I wasn’t expecting. I’ve now had over 250 people tell me I’m underpaid! Haha I appreciate it….as depressing as it feels. + +To caveat; I should have mentioned that I’m in a design/consulting role, in structural engineering. I think some of you are referring to much higher paying roles like mining, defense, mechanical, software, robotics, and so on. +So, those who have retired and then decided to go back to work, what's your story? + +Personally I'm about 90% retired. I still do some investing and have one board position, but I keep wondering if it would be interesting to still start a new business or something. I keep checking the news about my ex-industry all the time. +Hey people, + +I've been wheeling SPACs for a while, I think it's worth looking into and understanding how the risk/reward works. + +[FDscanner](https://app.fdscanner.com/), the option screener I made has also been fully revamped and supports SPACs. + +**Why consider SPACs?** + +The premise of why we're giving special consideration to SPACs is risk management. The assets of a SPAC is 100% cold hard cash, they IPO to raise money from investors, which is then used to acquire private companies, bringing them public. + +In other words, if they IPO at $10/share. They keep $10/share in the bank. At IPO prices, their price book ratio is 1.0, and all of that book value is cold hard cash in the bank. No goodwill, assets, inventory or accounts receivables. + +All cash, which is returned to shareholders in full if they cannot find a target to acquire, or if enough shareholders ask for their money back. Interest from the cash usually can run the operations. + +**SPACs = Zero Coupon Bond (above 100% NAV)** + +From the most pessimistic point of view I see them like a zero coupon bond. Now SPACs pre-merger often trades at a few percent premium because they do have upsides. You could view them as a zero coupon bond at 105% NAV. On rare occasions, like [PSTH](https://app.fdscanner.com/ticker/PSTH), they trade up to 30% above NAV. + +**Why it's good for theta gang (short puts/covered calls)** + +Now we've established that SPACs have a strong floor at NAV value. In that case, shouldn't they have really low IV? + +Strangely not, they tend to have IV of a tech company at minimum, and on occasions go above 100% IV. We got 2 great ingredients for a wheel target, high IV, solid book value as a fallback. + + +**This leads into the thetagang strategy. ** + +**1) Short Puts on SPACs close to NAV** + +Sell an ATM put on a SPAC at 110% NAV 6 weeks out, and collect 1.3% a week. + + +**2) Covered Calls on SPACs close to NAV** + +On a 110% NAV SPAC, do a buy and write covered calls at 120% NAV. Often times, the call one strike higher is only barely less money than an ATM put due to high call skew. You receive slightly less premium but can capture potential upside. + +**Why SPACs have high call skew** + +If you look at the 16 SPACs we have on [FDscanner](https://app.fdscanner.com/), 10 of 16 of them have sufficient option liquidity to have an option skew. All 10 of them have call skew. [PSTH](https://app.fdscanner.com/ticker/PSTH) tops the call skew charts at 2.27 and many of them hits the first page of our call skew index. The step by step skew computation is available if you search for the ticker on the site. + +The reason is their limited downside at NAV, with uncapped upside, combined with SPACs being really hot in the market, causing speculation on what their potential target acquisition is (eg Stripe for PSTH), and that speculative fever goes in their options/shares. + +Also some SPACs have free warrants if you hold through merger. Warrants are OTM calls (in respect to NAV) with a few years before expiry. This further increases the upside ratio to downside. + + +As for thetagang, we can simply take advantage by doing covered calls. You will get slightly less money or a higher breakeven point but get to capture the upside between current price and your covered call strike. + + +I've been doing this for a while because I like the sound of 1% a week on a 110% NAV zero coupon bond. But do your DD, don't overleverage and good luck. + +Also a note of caution, SPACs can occasionally trade below their NAV in an extreme bear market, you only have to look back to March 2020 for that. + +**Full list of SPACs with options** + +CX DMYT FEAC GHIV HCAC IPOB IPOC LCA NOVS PIC PSTH RMG SAMA SBE SRAC TRNE +You all. And, profit. Any profit. $1 or $100. I no longer look back at "what I missed out on". If I set a GTC to realize 40% of max profit, I'm not frustrated about what I may have missed out on. Now, you can criticize me because I never felt the rush of a 1000% gain....but I love that some people have. I have realized a lot of pain (lost capital) while learning this game. Despite the desire, I am nowhere near financially independent, at 46 years old with decades of time in the market. Others have realized that dream, and I say congratulations to them! But I LOVE this game. Thank you all for your insights, great ideas, sharing gains and losses, and truly invaluable insights. +Hey people, + +I've been wheeling SPACs for a while, I think it's worth looking into and understanding how the risk/reward works. + +[FDscanner](https://app.fdscanner.com/), the option screener I made has also been fully revamped and supports SPACs. + +**Why consider SPACs?** + +The premise of why we're giving special consideration to SPACs is risk management. The assets of a SPAC is 100% cold hard cash, they IPO to raise money from investors, which is then used to acquire private companies, bringing them public. + +In other words, if they IPO at $10/share. They keep $10/share in the bank. At IPO prices, their price book ratio is 1.0, and all of that book value is cold hard cash in the bank. No goodwill, assets, inventory or accounts receivables. + +All cash, which is returned to shareholders in full if they cannot find a target to acquire, or if enough shareholders ask for their money back. Interest from the cash usually can run the operations. + +**SPACs = Zero Coupon Bond (above 100% NAV)** + +From the most pessimistic point of view I see them like a zero coupon bond. Now SPACs pre-merger often trades at a few percent premium because they do have upsides. You could view them as a zero coupon bond at 105% NAV. On rare occasions, like [PSTH](https://app.fdscanner.com/ticker/PSTH), they trade up to 30% above NAV. + +**Why it's good for theta gang (short puts/covered calls)** + +Now we've established that SPACs have a strong floor at NAV value. In that case, shouldn't they have really low IV? + +Strangely not, they tend to have IV of a tech company at minimum, and on occasions go above 100% IV. We got 2 great ingredients for a wheel target, high IV, solid book value as a fallback. + + +**This leads into the thetagang strategy. ** + +**1) Short Puts on SPACs close to NAV** + +Sell an ATM put on a SPAC at 110% NAV 6 weeks out, and collect 1.3% a week. + + +**2) Covered Calls on SPACs close to NAV** + +On a 110% NAV SPAC, do a buy and write covered calls at 120% NAV. Often times, the call one strike higher is only barely less money than an ATM put due to high call skew. You receive slightly less premium but can capture potential upside. + +**Why SPACs have high call skew** + +If you look at the 16 SPACs we have on [FDscanner](https://app.fdscanner.com/), 10 of 16 of them have sufficient option liquidity to have an option skew. All 10 of them have call skew. [PSTH](https://app.fdscanner.com/ticker/PSTH) tops the call skew charts at 2.27 and many of them hits the first page of our call skew index. The step by step skew computation is available if you search for the ticker on the site. + +The reason is their limited downside at NAV, with uncapped upside, combined with SPACs being really hot in the market, causing speculation on what their potential target acquisition is (eg Stripe for PSTH), and that speculative fever goes in their options/shares. + +Also some SPACs have free warrants if you hold through merger. Warrants are OTM calls (in respect to NAV) with a few years before expiry. This further increases the upside ratio to downside. + + +As for thetagang, we can simply take advantage by doing covered calls. You will get slightly less money or a higher breakeven point but get to capture the upside between current price and your covered call strike. + + +I've been doing this for a while because I like the sound of 1% a week on a 110% NAV zero coupon bond. But do your DD, don't overleverage and good luck. + +Also a note of caution, SPACs can occasionally trade below their NAV in an extreme bear market, you only have to look back to March 2020 for that. + +**Full list of SPACs with options** + +CX DMYT FEAC GHIV HCAC IPOB IPOC LCA NOVS PIC PSTH RMG SAMA SBE SRAC TRNE +I’ve been seeing a ton of negativity on this sub lately toward other submitters. Why are we being hostile to a 21 year old that put $100 in an account to learn about the market? + +It almost seems as if some users take joy in others mistakes. Let’s stop that. I hope you all have a huge day +> our ability to build Polkadot as planned and to the original timetable has not been affected. + +the answer is simple. greed. + + +no ico needs millions of dollars for a few hundred lines of code. this is ridiculous. did satoshi get them 100m funding?! + + + +very very bad move of polkadot to even acknowledge this +Hello! + +I’m a 27 year old who just started contributing to a Roth IRA in March of 2021. I make enough to max out my Roth every year and save some on the side in an individual brokerage account (currently approx $12K in Roth and $7K in individual with consistent disbursements to individual account) + +Up until now I’ve used my Roth to hold all of my long term assets and have used my individual brokerage account for my “swing” trading. I say “swing” because I trade individual companies based on trends and never hold any for more than a year, so I never take advantage of “long term” assets. + +Is it smart to invert this strategy and utilize the fact that Roth IRAs don’t get hit with taxes on every trade to swing trade in my Roth and use my individual brokerage account for my long term (ETFs and indexes) trades? Is there any downside besides not being able to utilize capital losses? I’m new to trading and this seems like a solid strategy but I know I must be missing something. +Guten Tag to all of you Great Apes around the world! 👋🦍 + +After the $1 trillion RRP on Friday, the United States Congress failing to extend the eviction moratorium, and finally the ongoing meltdown of Evergrande in China, things seem very primed for volatility, which just might be the catalyst that ignites the MOASS. I know we're all eagerly HODLing with our Diamantenhände, and many Apes are beginning to wonder just how long this is going to take. Worry not - the DD is solid, the short interest is astronomical, and the short hedge funds are desperate. DTCC rules are in place, the SEC seems to be coming out to play, and there are several scapegoats to pin the global economic collapse on. The time is coming, and I, for one, am proud to stand before you and call myself an Ape. **Ook - ook**. + +Today marks a new week, and starts a new month. Today is August 2nd, and you know what that means! Join other apes around the world to watch low-frequency updates from the German markets! + +###🚀 Buckle Up! 🚀 +*** + + +- 🟩 120 minutes in: **$159.68 / 135,23 €** *(volume: 4212)* +- 🟥 115 minutes in: $159.11 / 134,75 € *(volume: 4181)* +- 🟩 110 minutes in: $160.96 / 136,31 € *(volume: 4074)* +- 🟥 105 minutes in: $159.84 / 135,36 € *(volume: 4069)* +- 🟥 100 minutes in: $160.27 / 135,73 € *(volume: 3999)* +- 🟩 95 minutes in: $160.78 / 136,16 € *(volume: 3650)* +- 🟩 90 minutes in: $159.10 / 134,74 € *(volume: 3572)* +- 🟥 85 minutes in: $158.85 / 134,53 € *(volume: 3539)* +- 🟥 80 minutes in: $159.11 / 134,75 € *(volume: 2473)* +- 🟩 75 minutes in: $160.06 / 135,55 € *(volume: 1774)* +- 🟥 70 minutes in: $160.01 / 135,51 € *(volume: 1677)* +- 🟩 65 minutes in: $160.10 / 135,59 € *(volume: 1553)* +- 🟥 60 minutes in: $160.07 / 135,56 € *(volume: 1510)* +- 🟥 55 minutes in: $160.16 / 135,64 € *(volume: 1480)* +- ⬜ 50 minutes in: $160.56 / 135,97 € *(volume: 1346)* +- ⬜ 45 minutes in: $160.56 / 135,97 € *(volume: 1311)* +- ⬜ 40 minutes in: $160.56 / 135,97 € *(volume: 1263)* +- 🟩 35 minutes in: $160.56 / 135,97 € *(volume: 1187)* +- ⬜ 30 minutes in: $160.53 / 135,95 € *(volume: 1134)* +- 🟩 25 minutes in: $160.53 / 135,95 € *(volume: 1114)* +- 🟩 20 minutes in: $160.46 / 135,89 € *(volume: 768)* +- 🟥 15 minutes in: $160.44 / 135,88 € *(volume: 738)* +- 🟩 10 minutes in: $160.74 / 136,12 € *(volume: 371)* +- 🟥 5 minutes in: $160.72 / 136,11 € *(volume: 367)* +- 🟥 0 minutes in: $160.89 / 136,25 € *(volume: 0)* +- 🟥 US close price: $161.12 / 136,45 € *($161.00 / 136,35 € after-hours)* + + +*** +FAQ: I'm capturing current price and volume data from German exchanges and converting to USD. Today's euro -> USD conversion ratio is 1.18081181. I wrote and maintain a C# application that assists me in fetching this data and updating the post. If you'd like to check current prices directly, you can check [Lang & Schwarz](https://www.ls-tc.de/de/aktie/gamestop-aktie) or [TradeGate](https://www.tradegate.de/orderbuch.php?isin=US36467W1099) + +Diamantenhände isn't just a thread on Superstonk, it's a community that gathers daily to represent the many corners of this world who love this stock. We all love seeing the energy that people represent their varied homelands. Show your flags, share some culture, and unite around GME! +Why is america so pissed about data localisation and pointing it as a important hurdle for trade relations to progress. While america banned huawei because it fears it may manipulate US users data. +With the market still recovering from Elon Musk’s tweet ADA has held steady and continued to grow reaching a new ATH of $2! + +Hopefully one day the project can regain #4 spot on by overtaking the almighty dogecojn /s - no seriously, it still has a higher market cap! + +I can’t wait to see where we end up as thing (hopefully) continue to recover! + +Edit: if (when) it hits $2.30, it’ll knock doge out of fourth! Cool site: https://thecoinperspective.com + +Edit2: we are back in fourth! Ada is up 12% and doge(y) is down 6% 🚀 + +Edit3: if you are new to the ADA family, r/Cardano is a very welcoming place! This stickied post is a comprehensive get started guide including details on staking that earns 5-8% on your stack- https://www.reddit.com/r/cardano/comments/lnj5ne/getting_started_guide_a_newbies_guide_to_cardano/?utm_source=share&amp;utm_medium=ios_app&amp;utm_name=iossmf +Does anyone know if it’s illegal for random people to turn up before settlement but after contracts have been signed for a sold house? + +My parents recently sold the house but I think it was a property developer who bought the house because people keep turning up to test the soil and take pictures. They were let in the first time to the backyard but now my parents have said no and contacted the real estate agent to tell the buyer. Then more people came - one guy came up to the property and took a photo inside the house from the window while my parents were still in it. + +Just wanted to know if this is illegal and if so what legal recourse can we take? This is in NSW. +Hi guys, I’m a longtime lurker on here with my main account and have been looking to get some advice on what has been the most beneficial large bank for you. + +Quick summary, we are around $25m NW in the USA living in a MCOL state looking to move around $10m to a new brokerage/checking account. In the next few years close to 80% of our net worth will be becoming liquid from sales of property/businesses. I would like to have a place that we feel comfortable with continuing to use that can be a wealth advisor/accountant/ lawyer if possible. Currently we have no debt other than what we pay on our credit cards and I would like to change that and leverage it more. + +We are looking to move from our Wells Fargo account due to constant problems and a lack of ease of use within the bank. Our wealth advisor is ok, and a nice guy, but doesn’t have the power to get things done quickly or without unnecessary problems to us. Overall returns for the past decade are relatively poor as well at around 3% yearly. This can be detailed if you really need a justification but suffice it to say we are ready to move. + +Some things we are looking for are good benefits for the credit card, competitive rates for lines of credit/mortgages, and a lack of fees on most transfers or trades made. Pre ipo access is something I’m very interested in as we qualify to become accredited investors but have never gone through the process. + +Currently considering moving to Charles Scwabb, US Bank, or JP Morgan Chase. I’ve only just started talking to US Bank today and was hoping to hear from some of you on portfolio allocation, your overall experience, company specific funds and other benefits I’m not considering. +It seems like every day there is some sort of positive article about this company, then followed by a downgrade. What gives? Why is this company so hated when others like Palantir are loved? There’s so much to be excited about like Amazon, Baidu partnership, but this stock sells off as soon as it gets some steam behind it. + +Holding 3,800+ shares at an $18.65 cost average. You can see why I’m pretty depressed and upset about it.. +Being there it’s the new year, kinda wanted to start making changes and stop the ones that obviously haven’t worked. + +Generational poverty sucks and can’t wait to break free from it. But for me, something that I still can’t seem to understand his how immigrants can come here often with nothing, with no connections, a language barrier, no credit, no savings, no real skills, some with the inability to get a job legally and yet some of them are doing ok for themselves out they are they doing something special? + +I have nothing against these people, I’m actually surprised and happy for them but I’d seriously like to know. +**TL;DR: GME will almost certainly switch from the Russell 2000 to the Russell 1000 Index this month. However, the data indicates it is unlikely to have either a bearish or bullish impact on the share price. Nonetheless, the company is continuing to edge closer to inclusion within the S&P 500 Index later in the year. Due to asset management firms' far higher use of the S&P 500 for their Index ETFs (about 30x more than the Russell 1000), this possible inclusion is much more likely to provide an upward catalyst for the GME share price than the Russell reconstitution.** + +I originally posted this DD about a month ago. There was not much interest in the Russell Indexes at the time (and it anyway got lost amongst a bunch of memes), so there was not much interest in my DD! However as there has been some movement with this recently, I have seen some posts/DD that appears to be purely speculative and not looking at the data itself. So I am reposting my previous findings once again. + +**Disclaimer: This is not financial advice. I have shared a number of links in this post, so Apes can do their own research.** + +**WHAT'S THIS ALL ABOUT?** + +There was a post earlier today, regarding GME's impending switch from the Russell 2000 Index to the Russell 1000 Index: + +https://www.reddit.com/r/Superstonk/comments/ntwd1h/gamestop_removed_from_the_russell_microcap_may_be/?utm_source=share&utm_medium=ios_app&utm_name=iossmf + +This DD stated this switch could be bullish for the stock, but did not present data specific to GME stock in supporting this assertion. I would like to present some findings specific to GME, which I gathered by going into the ETFs tied to the Russell 1000 and Russell 2000 Indexes. + +**FIRST, SOME IMPORTANT DEFINITIONS** + +*"The Russell 2000® Index measures the performance of the small-cap segment of the US equity universe. The Russell 2000® Index is a subset of the Russell 3000® Index representing approximately 10% of the total market capitalization of that index. It includes approximately 2,000 of the smallest securities based on a combination of their market cap and current index membership."* +**Russell 2000 Index Factsheet** +Link: https://research.ftserussell.com/Analytics/FactSheets/Home/DownloadSingleIssue?openfile=open&issueName=US2000USD&isManual=True + +*"The Russell 1000® Index measures the performance of the large-cap segment of the US equity universe. It is a subset of the Russell 3000® Index and includes approximately 1,000 of the largest securities based on a combination of their market cap and current index membership."* +**Russell 1000 Index Factsheet** +Link: https://research.ftserussell.com/Analytics/FactSheets/Home/DownloadSingleIssue?openfile=open&issueName=US1000USD&isManual=True + +*"An index–based ETF seeks to earn the return of the market or subset of the market that it aims to replicate...Indexes are designed to measure, as closely as possible, the value of a specific financial market or segment of that market...The securities in an equity index generally are passively selected and capitalization weighted."* +**Fidelity website: Index ETFs** +Link: https://www.fidelity.com/learning-center/investment-products/etf/types-of-etfs-index + +**Summary:** A stock cannot be in both the Russell 2000 and Russell 1000 indexes i.e. it is in one or the other. If a stock moves from one of these indexes to the other, ETFs tied to them must add (i.e. buy) or remove (i.e. sell) the stock accordingly. Note that a company being in one index or another ultimately does not have an impact on its shares or share price. **What really matters is which ETFs it is held in and how many shares of the company are held in each of these ETFs.** + +**ETFs TIED TO THE RUSSELL 2000 INDEX** + +Here are the ETFs which use the Russell 2000 to determine the stocks they hold: + +https://etfdb.com/index/russell-2000-index/ + +There are only six such ETFs, and two of these account for 99.75% of their totals Assets Under Management (AUM): Blackrock's iShares Russell 2000 ETF which holds $67.185 billion AUM, and Vanguard's Russell 2000 ETF with $5.242 billion AUM. + +I had a look at the holdings in the iShares Russell 2000 ETF on 6th May (when this DD was originally produced) and GME was the 10th largest constituent in this ETF. It actually holds 1,349,468 shares of GME. The data is updated on a daily basis, as required for all ETFs given they are required to undergo a Net Asset Valuation (NAV) calculation at the end of each trading day, and can be found here: https://www.ishares.com/us/products/239710/ishares-russell-2000-etf + +Next I had a look at the latest NAV data for the Vanguard's Russell 2000 ETF. This held 115,059 shares of GME on the same date. This can be verified here: https://investor.vanguard.com/etf/profile/overview/VTWO/portfolio-holdings + +**Summary:** Blackrock and Vanguard's Russell 2000 ETFs account for 99.75% of the AUMs tied to this index. These two ETFs hold a total of 1,349,468 + 115,059 = 1,464,527 shares of GME. + +**ETFs TIED TO THE RUSSELL 1000 INDEX** + +Here are the ETFs which use the Russell 1000 to determine their holdings/constituents: + +https://etfdb.com/index/russell-1000-index/ + +There are only two such ETFs: Blackrock's iShares Russell 1000 ETF, which holds $28.423 billion AUM and Vanguard's Russell 1000 ETF, with $2.356 billion AUM. Combined, they hold AUM of $30.6 billion, so a little over 40% of the size of the two Russell 2000 ETFs from these same asset management firms. + +**Summary:** There are very few ETFs tied to the Russell 1000 Index, and these have much smaller AUMs than their Russell 2000 tracking counterparts. + +**SO WHAT HAPPENS WHEN GME SWITCHES?** + +I can say that it is almost certain GME will move from the Russell 2000 Index to the Russell 1000 Index. GME's current market capitalisation of $17.58 billion, means that it is more 5x bigger now than the very largest of companies usually included in the Russell 2000 Index. In fact, this market capitalisation is comfortably higher the median capitalisation of Russell 1000 constituents i.e. GME is now one of the 500 largest listed firms by market capitalisation now (this is an important point, and I will come back to it later!) + +Russell Index market capitalisation ranges can be found here: https://www.ftserussell.com/research-insights/russell-reconstitution/market-capitalization-ranges + +So what happens when it is confirmed that GME is going to move to the Russell 1000 Index? Here is the mechanism that is followed for the reconstitution: + +*"May is “ranking” month when all eligible US companies are lined up to form the preliminary Russell Reconstitution portfolio. In 2021, the rank day falls on Friday, May 7.* + +*June is the month that the preliminary reconstitution portfolio is communicated to the marketplace. Beginning on June 4, preliminary lists are communicated to the marketplace and updates are provided on June 11, 18, and 25. The newly reconstituted indexes take effect after the market close on June 25.* + +What this means is that asset management firms are currently being informed of the change. They have until June 25th to make changes to their tracking ETFs, in order to reflect the reconstituted indexes effective from June 26th. + +In practical terms, this will mean that Blackrock and Vanguard will have to remove the 1,464,527 shares of GME they currently hold in their two Russell 2000 ETFs. A proportion of these will be moved to their Russell 1000 ETFs, given GME's transfer to that index, but it will certainly not be the full amount because: + +(1) Those two Russell 1000 ETFs are a fraction of the size of the two Russell 2000 ETFs + +(2) GME will be in a middle-higher spot in the market capitalisation ranking within the Russell 1000 Index, compared to their current top 10 spot in the Russell 2000 Index + +(3) This means GME's weighting within those Russell 1000 ETFs will have to be smaller, so fewer shares needing to be held to accurately reflect the index + + +**Summary:** Both Blackrock and Vanguard will probably have to reduce their GME share holdings when the switch takes place. (At least, for maintaining the accurate tracking of the Russell Indexes. They may just move those excess GME shares to their other ETFs or funds, of course i.e. not sell them in the open market.) + +**OK...THAT DOESN'T SOUND VERY PROMISING...** + +Actually, I don't see this as much of a bearish event. It is probably only a reduction of a few hundred thousand shares at most, which is a fairly minor amount and unlikely to hurt the share price. We sometimes see this volume of GME shares being traded in the first hour after market opens. So I see this Russell Index reconstitution as having minimal impact on the share price, and even less impact on the MOASS (if it hasn't happened by late June!) + +**Conclusion:** Based on the available data, not much to see here in my opinion. + +**THE INDEX THAT REALLY DOES MATTER: S&P 500** + +The Russell Indexes are actually more important for micro- and small-cap, than for mid-cap and larger firms such as what GME has now become. The reason being that the S&P Indexes dominate in the larger cap area, whereas the Russell Indexes are more for the smaller cap arena. Hence the larger a firm grows, the more important the S&P Indexes become. + +As such, asset management firms tend to use the S&P Indexes - and especially the S&P 500 - for constructing their large cap Index ETFs. There are 14 S&P 500 tied ETFs available and their combined AUMs are enormous, close to $900 billion i.e. about 30x bigger than the two Russell 1000 ETFs. Depending on GME's market capitalisation at the time, it could mean a huge number of shares being *mandatorily* having to be bought in the open market, so that these ETFs are correctly matching the S&P 500 Index including GME. + +Link: https://www.etf.com/channels/sp-500-etfs + +Incidentally, criteria for entry to the S&P 500 index are as follows: + +(1) Market capitalization must be greater than or equal to US$11.8 billion + +(2) Annual dollar value traded to float-adjusted market capitalization is greater than 1.0 + +(3) Minimum monthly trading volume of 250,000 shares in each of the six months leading up to the evaluation date + +(4) Must be publicly listed on either the New York Stock Exchange (including NYSE Arca or NYSE American) or NASDAQ (NASDAQ Global Select Market, NASDAQ Select Market or the NASDAQ Capital Market). + +(5) The company should be from the U.S. + +(6) The sum of the most recent four consecutive quarters’ Generally Accepted Accounting Principles (GAAP) earnings (net income excluding discontinued operations) should be positive as should the most recent quarter + +Link: https://www.spglobal.com/spdji/en/governance/methodologies/#methodology-information + +Assuming GME maintains a share above 167, criteria (1) on the above list is fulfilled, meaning it would only need to achieve criteria (6) to meet all six requirements. I think it is likely GME will achieve this by Q3 earnings, so inclusion within the S&P 500 is very possible after that. If that happens, then each of those S&P 500 tracking ETFs is required to go out and buy the shares in the open market. + +This is certain to create demand and upward movement to the share price, similar to Tesla's run after it was announced they would be entering the S&P 500 about six months ago. (As a point of comparison Tesla’s share price increased by more than 70%, from when S&P announced the inclusion to the rebalancing deadline date five weeks later. This was mainly fueled by the asset managers of these 14 ETFs having to buy the stock in the open market.) + +**EDIT:** For those of you who may be interested, I have produced a new DD specifically about the *potentially imminent* addition of GME to the S&P 500: +https://www.reddit.com/r/Superstonk/comments/nv3n42/sp_500_index_inclusion_followup_to_my_russell/?utm_medium=android_app&utm_source=share +I've been so level headed on GME with all my DD, but going YOLO on this one. Earnings coming up, potential CEO announcement, too many catalysts to speak of. Taking part of my gme gains from squeeze 1 and putting it back in. + +https://preview.redd.it/543ztb9xbhm61.png?width=759&format=png&auto=webp&s=a605e4fcf2d7bdc4442751a3918fb27c19ca0641 + +**Update** +I don't have time for an EndGame part 7 dd. However I believe there are a number of catalysts leading up to earnings. + +1) Cohen as ceo +Sherman's been ceo for exactly 2 years now. Since Cohen has joined the board other Chewy folks have been hired into senior roles. Cohen is in charge of a committee that is hiring the next CFO and is responsible for capital allocation. Sherman is not on that committee. Sherman tanked the last earnings call and stock price while cohen rescued it by buying a meme level of shares. + +Cohen has made Sherman so much money (sherman has 2m shares that he can't sell easily as an insider). It's in sherman's best interests to get out and get liquid on what could be a billion dollar nest egg. + +In 2019 Sherman was announced as CEO 5 days BEFORE earnings. + +2) Debt +GMEs 2021 bond matures in 4 days. Potential credit rating impact. + +3) Potential 3/19 DTCC changes forcing brokers to force close short positions or at least shore up capital (could negatively impact longs as well, unsure here though) + +4) IV will likely spike in calls just before earnings + +5) cohen's tweeting + +All of this, while a squeeze is actively happening was enough to yolo some shares after hours and some calls tomorrow if we see a dip. +A lot of people seem to be fleeing (or thinking of fleeing) the city centres right now. + +This is understandable and for a lot of us this is do-able if we continue to WfH each day. But I've already been told I'll be coming back into the office when lockdown ends (on a 3 in 2 out basis). + +What about everyone else? I know tech companies are very open to most of their employees never coming in again but surely that's not possible in most industries. Permanent WfH also opens up the question...if the job doesn't require physical presence, why can't/won't your employer hire someone from overseas instead who they can pay less? + +Is this kind of like the gig economy in that it initially gives employees a lot more freedom...but then eventually leads to them being exploited in the end? + +What do you think and what is your arrangement? +https://www.theregister.co.uk/2018/01/02/intel_cpu_design_flaw/ + +. + +Seems pretty damn significant. + +. + +Evaluating the potential risk to ordinary users, or holders or traders of digital assets, definitely not my area of expertise. + +. + +Any experts out there have a take on this? I'm curious about the risk of private keys or similar info being revealed. + +. + +Also, based on what I'm reading, Amazon's AWS is likely going to have major issues working through the fix. Maybe this presents an opportunity for Siacoin or other BC/decentralized projects. +I've been lurking coinmarketcap checking some random shitcoins and they all share one thing: their price is flat in the chart and then it skyrockets. I saw a shitcoin token that did a x100.000 in less than 2 hours. My question is, how the fuck do people find these tokens before the pump starts? + +I know that most of them dont have enough liquidity for taking profits but shit, if I put 100$ in a shitcoin and I can get 1000$ back even if it says that I have 35 trillion dollars I'm happy with it. I know there are a lot of pump and dump groups out there and that they are scams. I've been into crypto for a long time now and I have a very decent portfolio with solid projects such as BTC and ETH. But hodling is boring as fuck, I need to find a token I can put 20$ in and experience some emotions watching the price roller coaster because I'm dead inside and nothing brings me joy on these days. +Hi, + +We see a big move up this past weeks from a lot of EV companies, some which are preproduction. They offered ridiculously good premium which could attract a lot of theta focused player. I didn't look into all of them, but I just want to urge you all to be careful with these companies. + +Here are some lines from SOLO 10Q in no particular order: + +we have not begun the commercial mass production or sale of our flagship vehicle, the SOLO, and we expect to incur significant ramp-up in costs and expenses through the launch of the vehicle + +**we anticipate that the gross profit generated from the sale of the SOLO will not be sufficient to cover our operating expenses, and our achieving** + +profitability will depend, in part, on our ability to materially reduce the bill of materials and per unit manufacturing cost of our products; and **we do not anticipate that we will be eligible to obtain bank loans, or other forms of debt financing on terms that would be acceptable to us.** + +**We have minimal revenue and expect significant increases in costs and expenses to forestall profits for the foreseeable future, even if we generate revenues in the near term. Even if we are able to successfully launch the SOLO into commercial mass production, and to launch the Tofino or other intended EVs, they might not become commercially successful.** **If we are to ever achieve profitability we must have a successful commercial introduction and acceptance of our vehicles, which may not occur. We expect that our operating losses will increase substantially in 2020 and thereafter, and we also expect to continue to incur operating losses and to experience negative cash flows for the next several years. We have a history of operating losses and we expect our operating losses to accelerate and materially increase for the foreseeable future.** + +**---** + +Honestly they sound horrible. I didn't look into other ones, but I assume they are fairly similar. To add on top SOLO has no product yet, they only produced 60 prototypes total. They expected to produced 75k cars over the next 3 years (about 18.5k + per vehicle). Their vehicle is also rather niche as well :/ + +Could the stock keep going up? Definitely. Can you net amazing premium? Sure. But do keep in mind the risks that you are exposing yourselves with these companies. + +ps. sorry if off topic +This is a comment I made in response to /u/thederpill in the *Perspective on ethetc rate.(pumpndump)* thread: + +/u/thederpill said: + +> the argument is that etc doesn't need developers, they just need to add whatever eth adds and they get all the eth improvements plus auditing. + +I said: + +That certainly is *the* 'argument' and I'm sure you've heard it as many times as I have at this point. /puke + +But frankly, it's pure delusion. I've been a developer for almost 20 years now. Of course I can merge in changes from the trunk--big whoop. + +However, + +* It's not innovation +* It's not creativity +* It's not critical thinking +* It's not problem solving +* It's not ingenuity +* It's not unique +* And it's definitely not acting in good faith + +And please spare me the tired old beat up and failed argument of "but, but, but, ETC doesn't *need* to be any of those things because it has immutability." + +Again, a purely delusional argument. + +I haven't see one legitimate dapp developer articulate how or why they *actually* think or believe that their dapp's transactions are at risk of being 'arbitrarily rolled back'. On the other hand, I have seen a few snarky populist arguments (none of which I would consider legitimate) to try and gain favor from the ETC crowd. + +In addition, ETC will not have *any* worthwhile distinguishing features *other than*: + +* the presence of a thief holding 3.5M+ ETC over the heads of the entire ecosystem +* a bunch of now stolen ETC being traded among users/traders +* the perception of a community and ecosystem that values spite and illicit behaviors/activities over honesty, pragmatism, and progress + +So someone please, anyone, provide me with a well articulated argument as to why I, as an investor, should find *any* value in a product or technology with traits such as those described above? + +I've been waiting for a week+ now, and not a single person can provide me with a well articulated answer to the question that isn't based on 'just because' and/or purely speculative assumptions. +Today, 11 years ago, on the 12th of December 2010, Satoshi Nakamoto made his last public appearance. + + +The post is actually not more than a changelog for a new Bitcoincore release. + +The actual, not often talked about, last post which is not just a changelog was made on the 11th of December 2010. + + +In that post he says that he would be afraid of the U.S. Government coming after Bitcoin and him because WikiLeaks would have started accepting Bitcoin as donation option. + +Is that just a very weird coincidence that this was his final post? Maybe + + +>It would have been nice to get this attention in any other context.  WikiLeaks has kicked the hornet's nest, and the swarm is headed towards us. +This man on Twitter (algotrading), who called a shot on Terra Luna. He was stuck with his 8 figs fortune on FTX a few days ago. + +Last night, he posted on Twitter (already deleted) asking if someone would help him KYC so he could withdraw his assets. In return, you would receive $100k. It turns out after 1 hour or so (I was there), he was KYC'd. The process he said was stupid. + +&#x200B; + +https://preview.redd.it/kjj2dzsjpaz91.jpg?width=1208&format=pjpg&auto=webp&s=ac0893778f9bdd1d659b33464dd3c63fec25ffe9 + +&#x200B; + +https://preview.redd.it/h0t4vndkpaz91.jpg?width=1204&format=pjpg&auto=webp&s=0b94f4a0bd17aa5d300ac25e7d474b8721ad5e96 + +After that, he would allow to withdraw all the assets. + +&#x200B; + +https://preview.redd.it/207j4a4mpaz91.jpg?width=535&format=pjpg&auto=webp&s=5f54a188dca8b777f859ee04521d14295900de69 + +According to MacnBTC (on Twitter), AlgodTrading bought a Bahamian KYC to do just that. From Cobie, it seems this is our man. + +https://preview.redd.it/kad2nx85qaz91.png?width=1033&format=png&auto=webp&s=c9ce8f48f7eff3d81b572e8372fd212b91b07e51 + +From what's happened so far, if you have a deep pocket on FTX, you might have to pay 5-6 figs to FTX employees to get this privilege. And our man Algodtrading himself always appear to be the guy who abides the law now is doing the opposite. And it seems (from MacnBTC), this man used to shill BSC shitcoins and dumped on others. + +What a joke! +* **Company**: [MindMed](https://mindmed.co/) +* **Industry**: Psychedelic Medicine / Digital Therapeutics / Biotechnology +* **Location**: New York, NY / Toronto, Ontario +* **Flagship Products**: 18-MC, [Project Lucy](https://mindmed.co/experiential-therapies/), [Albert Digital Medicine](https://mindmed.co/news/press-release/mindmed-to-launch-albert-a-digital-medicine-division-for-psychedelic-medicines/) +* **Treatment Focus**: Addiction, ADHD, Anxiety, Depression, Headaches +* **Ticker**: $MMEDF (OTC), $MMED (NEO), $MMQ (DAX) +* **Share Price**: $4.00 ($MMEDF), +* **Market Capitalization**: $1.19B +* **Float**: 209.25M +* **Average Volume (3 month average)**: 5.22M ($MMEDF) +* **Insider Ownership**: 17.3% +* **Investor Presentation**: [Link](https://mindmed.co/wp-content/uploads/2021/02/MindMed-Corporate-Presentation-6.pdf) +* **Financial Reports**: [Link](https://mindmed.co/investor-resources/#financials) +* **SEC Filings**: [Link](https://sec.report/otc/company/MMEDF) +* **SEDAR Filings**: [Link](https://www.sedar.com/DisplayCompanyDocuments.do?lang=EN&issuerNo=00030583) +* **Hallucinogen Research History**: [Link](https://mindmed.co/wp-content/uploads/2020/11/regulation-of-human-research.pdf) + +---------- +**RECENT NEWS** + +[New California bill would decriminalize psychedelics, expunge criminal records](https://www.nbcnews.com/news/us-news/new-california-bill-would-decriminalize-psychedelics-expunge-criminal-records-n1258261?cid=sm_npd_nn_tw_ma) + +---------- + +**TRADING STRATEGY** + +* **SHORT TERM TRADE**: +> In anticipation of a Nasdaq listing, and in response to rapidly growing interest in the psychedelic industry, I plan to increase my equity position in MMEDF, with the short term goal of closing the position at a profit. I will maintain my main equity position over the next several years. Speculatively speaking, I believe retail traders will shift to industries that have the potential to experience significant price action, similar to what we have seen in the cannabis industry. There are only a small number of psychedelic pure plays, so I expect the notable companies, such as MindMed, to receive the most attention. + +* **LONG TERM SPECULATION**: +> For the reasons expressed in this summary, I continue to build a long term equity position in MindMed. I plan to hold this position for a minimum of one year, and I’ll reevaluate at that time. + + +---------- + +**HIGHLIGHTS** + +* **1.** MindMed develops psychedelic based medications and treatment protocols for the treatment of mental health and neurological disorders. +* **2.** Psychedelic based medicine is an emerging industry, with decades of anecdotal success. +* **3.** A 2017 [Global Drug Survey](https://www.forbes.com/sites/janetwburns/2017/05/26/global-survey-says-magic-mushrooms-are-the-safest-recreational-drug/?sh=4834431d4dad), cites psilocybin as the safest recreational drug. +* **4.** Mental health [awareness is increasing](https://www.forbes.com/sites/zinamoukheiber/2019/05/22/mental-health-awareness-is-on-the-rise-but-access-to-professionals-remains-dismal/?sh=5eb0bd297ba5), while social stigmas are decreasing. +* **5.** The World Health Organization estimates that mental health [accounts for 10%](https://www.worldbank.org/en/topic/mental-health) of the global disease burden. +* **6.** In 2014, it was reported that mental health and substance abuse services account for [approximately $50 billion](https://www.harriswilliams.com/de/system/files/industry_update/behavioral_health_industry_update.pdf) in annual revenue, and $300 billion when ancillary services are considered. +* **7.** The global mental health market is expected to grow at a [CAGR of 5.02%](https://www.globenewswire.com/news-release/2021/01/06/2154290/0/en/Behavioral-Health-Market-to-Garner-Growth-at-5-02-by-2027.html). +* **8.** Venture capital funding for mental health startups is at an [all time high](https://finance.yahoo.com/news/driven-pandemic-demand-mental-health-050000001.html) indicating a significant shift in the industry. +* **9.** MindMed maintains approximately $144.7M in cash on hand. +* **10.** MindMed has at least five known catalysts expected to occur this year, including a Nasdaq listing that is imminent. +* **11.** MindMed has six medications and treatment protocols currently in clinical trials, including treatments for opioid addiction, depression, anxiety, and headaches. +* **12.** MindMed is backed by notable investors, including Shark Tank’s Kevin O’Leary and Canopy Growth Corp founder, Bruce Linton, who serves as a Board Director. +* **13.** MindMed is the second largest holding in Horizons’ [PSYK ETF](https://www.horizonsetfs.com/etf/psyk), the world’s first psychedelic ETF. + +---------- + +**COMPANY OVERVIEW** + +> MindMed is an early stage biotechnology company founded in 2019, and headquartered in New York City. They are focused on discovering, developing and deploying psychedelic based medications and treatment protocols, primarily derived from Psilocybin, LSD, MDMA, DMT and Ibogaine. The company is led by Chief Executive Officer and Co-Founder, [JR Rahn](https://mindmed.co/team/jr-rahn/), a former Silicon Valley tech executive, and President and Board Director, [Dr. Miri Halperin Wernli](https://mindmed.co/team/dr-miri-halperin-wernli/), a thirty year pharmaceutical and biomedical executive who previously served at several major pharmaceutical companies, such as Merck, Roche, and Actelion. Their pipeline is focused on treating a range of common mental health and neurological disorders, such as addiction, anxiety, depression, and headaches. + +---------- + +**LEADERSHIP** + +* **Chief Executive Officer**: JR Rahn +> JR Rahn is a former Silicon Valley tech executive who previously worked in market expansion and operations at Uber. Subsequent to his work at Uber, he founded the Y Combinator backed fintech company, [Upgraded Technologies](https://www.upgraded.io/), which is now partnered with Apple. + +* **President and Chair of Technology Evaluation**: Dr. Miri Halperin Wernli +> Dr. Halperin Wernli is a thirty year pharmaceutical and biomedical veteran, with a history of executive leadership. In 2016, she co-founded Creso Pharma, a cannabis research and development company. Prior to founding Creso Pharma, Dr. Halperin Wernli worked in clinical psychiatry, and held senior leadership positions at major biotechnology companies, such as Merck, Roche, and Actelion. + +* **Chief Development Officer**: Robert Barrow +> Robert Barrow is a vetaran pharmaceutical executive and clinical pharmacologist. Previously, Mr. Barrow served as Director of Drug Development And Discovery at [Usona Institute](https://www.usonainstitute.org/) a non-profit research organization focused on the therapeutic effects of psilocybin and other psychedelics. Prior to Usona, Mr. Barrow served as Chief Operating Officer of [Olatec Therapeutics](http://www.olatec.com/), a biopharmaceutical company that develops treatments for chronic inflammatory diseases. + +* **Chief Scientific Officer**: Dr. Donald Gehlert, PhD +> Dr. Gehlert is a pharmacology and neuroscience expert, who previously served as a research fellow at Lilly Pharmaceuticals, where he helped introduce 19 molecules into the Lilly pipeline, and deliver proof of concept studies in the areas of ADHD, obesity, depression, pain and migraine. He is a co-author on 182 publications and a co-inventor on 15 issued and pending patents. + +* **Notable Board Director**: Bruce Linton +> Mr. Linton is the co-founder and former Chief Executive Officer of [Canopy Growth Corp](https://www.canopygrowth.com/), one of the largest cannabis companies in the world, with a market cap of $15.17B. +---------- + +**RECENT EVENTS** + +* **1.** On February 11th, 2021, MindMed signed a [research and development partnership](https://www.prnewswire.com/news-releases/mindmed-signs-partnership-with-swiss-psychedelic-drug-discovery-startup-mindshift-compounds-ag-expands-development-pipeline-and-ip-portfolio-with-next-gen-psychedelic-and-empathogenic-compounds-301226680.html) with Swiss startup, MindShift Compounds AG +* **2.** On January 27th, 2021, [Horizons ETFs Management](https://www.horizonsetfs.com/home) launched the world’s first psychedelic focused Index ETF, [PSYK](https://www.horizonsetfs.com/etf/psyk), of which MindMed is the second largest holding. (*MMEDF is now the 4th largest holding). +* **3.** On January 20th, 2021, MindMed announced the first ever clinical trial evaluating the combinational use of MDMA and LSD. The trial will be conducted at the [University Hospital Basel Liechti Lab](https://biomedizin.unibas.ch/en/research/research-groups/liechti-lab/), in Switzerland. +* **4.** On January 14th, MindMed [hired Robert Barrow](https://mindmed.co/news/press-release/mindmed-adds-chief-development-officer-with-fda-phase-2-psilocybin-clinical-trial-experience/) as Chief Development Officer. “Mr. Barrow previously served as Director of Drug Development and Discovery at the [Usona Institute](https://www.usonainstitute.org/). At Usona, Mr. Barrow was responsible for launching the Phase 2 clinical program for psilocybin in the treatment of Major Depressive Disorder and for obtaining Breakthrough Therapy Designation for the program at the FDA.” +* **5.** On January 12th, MindMed announced a randomized placebo-controlled study further evaluating the effects of LSD microdosing. “The study will be conducted in collaboration with [Dr. Kim Kuypers](https://www.maastrichtuniversity.nl/k.kuypers) of [Maastricht University](https://www.maastrichtuniversity.nl/) in the Netherlands” + +For a comprehensive list of press releases, please visit [this link](https://mindmed.co/news/press-release/). + +---------- + +**CATALYSTS** + +* 1. [Nasdaq up-listing](https://mindmed.co/news/news-press/psychedelic-drug-company-mindmed-applies-for-nasdaq-up-listing/) anticipated in Q1, 2021. +* 2. FDA IND for LSD Therapy anticipated in Q2, 2021. +* 3. Phase 2a LSD Microdosing anticipated in Q2, 2021. +* 4. Top line results from 18-MC’s Phase 2a trial anticipated in Q4, 2021. +* 5. Phase 2b LSD Anxiety Disorder anticipated to begin in Q4, 2021. +* 6. Strategic Pharmaceutical Partner for 18-MC, estimated for Q2, 2022. +* 7. Reverse Stock Split (Purely Speculative and Unsubstantiated) + +---------- + +**ADDRESSABLE MARKETS** + + +* **Total Market**: Estimated $100+ billion global total addressable market for psychedelics. [Eight Capital](https://cannabisradar.de/wp-content/uploads/2020/04/MMED_8Cap_APR27.pdf) +* **Depression**: The global antidepressants market is expected to grow from $14.3 billion in 2019 to about $28.6 billion in 2020. [Global News Wire](https://www.globenewswire.com/news-release/2020/04/21/2019282/0/en/Global-Antidepressants-Market-2020-to-2030-COVID-19-Implications-and-Growth.html). +* **ADHD**: The global ADHD market is expected to reach $24.9 billion by 2025. [Grand View Research](https://www.grandviewresearch.com/industry-analysis/attention-deficit-hyperactivity-disorder-adhd-market?utm_source=prnewswire.com&utm_medium=referral&utm_campaign=PRN_Feb11_ADHD_RD1&utm_content=Content) +* **Drug Addiction**: The global drug addiction treatment market is expected to reach $31.17 billion by 2027. [Reports and Data](https://www.reportsanddata.com/report-detail/drug-addiction-treatment-market) +* **Global Impact**: “Globally, an estimated 264 million people suffer from depression, one of the leading causes of disability, with many of these people also suffering from symptoms of anxiety.” [World Health Organization](https://www.who.int/teams/mental-health-and-substance-use/mental-health-in-the-workplace#:~:text=Globally%2C%20an%20estimated%20264%20million,each%20year%20in%20lost%20productivity.) + + +---------- + +**PRODUCTS AND SERVICES** + +* MindMed engages in the research and development of medications and treatments derived from LSD, Psilocybin, MDMA, DMT, and Ibogaine. + +* **[18-MC](https://mindmed.co/news/press-release/mindmed-initiates-dosing-in-human-safety-study-of-novel-treatment-for-opioid-addiction-18-mc/)**: 18-Methoxycoronaridine is a novel derivative of Ibogaine, a naturally occurring psychoactive substance found in plants, which has demonstrated [promising results](https://www.ncbi.nlm.nih.gov/pmc/articles/PMC4382526/) in treating drug, alcohol, and nicotine addiction. 18-MC has a significantly improved safety profile, and is shown to be neither psychoactive nor psychedelic. At MindMed, 18-MC is currently entering Phase 2A trials for the treatment of opioid addiction. + +* **[Project Lucy](https://mindmed.co/news/press-release/mindmed-launches-project-lucy-focused-on-lsd-experiential-therapy-for-anxiety-disorders/)**: This program intends to develop and commercialize psychedelic assisted therapies for the treatment of anxiety disorder. Experimental doses of LSD will be evaluated under supervision, and in coordination with ongoing patient therapies. In December of 2020, [MindMed announced](https://www.prnewswire.com/news-releases/mindmed-announces-successful-completion-of-pre-ind-meeting-with-the-fda-for-project-lucy-301191722.html) the successful completion of a Pre-IND meeting with the FDA for Project Lucy, as well as preparations to open an Investigational New Drug (IND) in August of 2021, with a Phase 2B clinical trial for LSD assisted therapy. + +* **[Albert Digital Medicine](https://mindmed.co/news/press-release/mindmed-to-launch-albert-a-digital-medicine-division-for-psychedelic-medicines/)**: Digital therapeutics are evidence based interventions guided by software for the treatment and prevention of diseases and disorders. These digital tools include wearable devices, machine learning, and AI systems. Albert is an early stage platform intended to develop a comprehensive toolset focused on delivering psychedelic based treatments and therapies in combination with digital therapeutics. Dr. Miri Halperin Wenli, MindMed’s President and Head of Chair of Technology Evaluation, is currently designing an experimental clinical trial that pairs psychedelic inspired medicines, such as LSD, with digital therapeutics to track, engage, and influence patient behavior. + +---------- + + +**DEVELOPMENT AND COMMERCIALIZATION** + +> MindMed’s pathway to commercialization is a standard three stage process of Discovering, Developing, and Deploying. Initially, research will focus on acquiring and discovering new chemical products and treatment protocols. These compounds and protocols will enter FDA regulated clinical trials, with an effort to secure partnerships with major pharmaceutical companies. Finally, strategic affiliations with research centers, hospitals, pharmaceutical companies, and insurers will enable the licensing of medications and protocols. It is important that we monitor how their commercialization strategy develops, because psychedelic inspired treatments are new products, and it’s unclear how well they can be monetized. + +---------- + +**SUCCESS STORIES: WHY SPRAVATO’S FDA APPROVAL MATTERS** + +> On August 3rd, 2020, The Janssen Pharmaceutical Companies of Johnson & Johnson [announced](https://www.jnj.com/janssen-announces-u-s-fda-approval-of-spravato-esketamine-ciii-nasal-spray-to-treat-depressive-symptoms-in-adults-with-major-depressive-disorder-with-acute-suicidal-ideation-or-behavior) that the FDA had approved [SPRAVATO](https://www.spravato.com/) (eskatamine), the first prescription nasal spray, for the treatment of depressive symptoms in adults with major depressive disorder, and treatment-resistant depression. + +> Spravato is a potent sterioisomer of ketamine, a psychedelic substance used in anesthesia, pain management, depression, and seizures. Spravato is significant for two important reasons. It represents the first FDA approved drug for depression that does not work directly on [monoamines](https://pubmed.ncbi.nlm.nih.gov/8121966/), and it is the first psychedelic drug approved by the FDA for a psychiatric condition. This demonstrates the utility of psychedelic substances, and supports the need for further research and development. + +---------- + +**PARTNERSHIPS** + +> MindMed currently maintains several clinical and research partnerships. + +* **1.** [Partnership](https://www.prnewswire.com/news-releases/mindmed-signs-partnership-with-swiss-psychedelic-drug-discovery-startup-mindshift-compounds-ag-expands-development-pipeline-and-ip-portfolio-with-next-gen-psychedelic-and-empathogenic-compounds-301226680.html) with Swiss psychedelic drug discovery startup, Mindshift Compounds AG, for the purpose of developing and patenting next-generation psychedelic compounds. + +* **2.** [Partnership](https://mindmed.co/news/press-release/mindmed-partners-with-nyu-langone-medical-center-to-launch-groundbreaking-training-program-for-psychedelic-therapies-and-medicines/) with New York University Langone Medical Center, for the purpose of launching a clinical training program focused on psychedelic assisted therapies and medications. + +* **3.** [Partnership](https://www.proactiveinvestors.com/companies/news/929913/mindmed-announces-rd-collaboration-with-liechti-lab-in-switzerland-on-psilocybin-929913.html) with Liechti Lab, a psychopharmacological research center based in Switzerland, for the purpose of research and development into the effects and state of consciousness induced by psilocybin and LSD. + +* **4.** [Partnership](https://mindmed.co/news/press-release/mindmed-advances-phase-2-lsd-microdosing-trial-for-adult-adhd-appoints-principal-investigator/) with Maastricht University, based in the Netherlands, for the purpose of conducting clinical trials for the use of LSD in adult patients with ADHD. + +---------- + +**FINANCIALS** + +> Since inception, MindMed has raised $187M, including warrants. [Funding has occurred over six rounds](https://www.crunchbase.com/organization/mindmed/company_financials), with four bought deal offerings, one pre-public offering, and one seed round. Notable investors include [Canaccord Genuity Group](https://www.canaccordgenuity.com/), venture capitalist and Shark Tank host [Kevin O’Leary](https://www.kevinoleary.com/), Velos Partners founder [James Bailey](https://www.crunchbase.com/person/james-bailey-2), and [Canopy Growth Corporation](https://www.canopygrowth.com/) founder, [Bruce Linton](https://www.crunchbase.com/person/bruce-linton). + +* On January 7th, 2021, MindMed announced the closing of a [$72.7M offering](https://mindmed.co/news/press-release/mindmed-closes-upsized-financing-of-cad-92-1m-usd-72-7m-to-meet-high-investor-demand/), increasing cash on hand to $144.4M. + +* On October 30th, 2021, MindMed announced the closing of a [$22.7M offering](https://mindmed.co/news/press-release/mindmed-closes-upsized-financing-of-cad-28-75m-with-strong-institutional-demand-for-psychedelic-medicines/). Co-Founder and CEO, J.R. Rahn stated, “The strong institutional investor interest for this oversubscribed financing demonstrates the vast appetite for companies pursuing clinical trials of psychedelic medicines with the FDA and other regulatory bodies.” + +* On October 30th, 2021, MindMed announced Q3, 2020 [financial results](https://mindmed.co/news/press-release/mindmed-announces-q3-2020-financial-results/), citing total assets as of September 30th, 2020 of $23.7 million, including $18.2M in cash. Net and comprehensive loss of $8.6 million for the three months ended Sep 30,2020, and $21.4 million for the nine months ended September 30, 2020. + +---------- + +**IN THE MEDIA** + +* **”Psychedelics-Drug Startup Raises $24 Million Ahead of IPO”**, [Wall Street Journal](https://www.wsj.com/articles/psychedelics-therapy-startup-raises-24-million-ahead-of-ipo-11582822163) + +* **”Silicon Valley’s psychedelic wonder drug is almost here”**, [Fast Company](https://www.fastcompany.com/90436824/silicon-valleys-psychedelic-wonder-drug-is-almost-here) + +* **”Psychedelic drug company MindMed applies for nasdaq up-listing”**, [Forbes](https://www.forbes.com/sites/willyakowicz/2020/09/25/psychedelic-drug-company-mindmed-applies-for-nasdaq-up-listing/?sh=1a9692226cf7) + +* **”Psychedelic drugs may transform mental health care. And big business is ready to profit from the revolution”**, [Fortune](https://fortune.com/longform/psychedelic-drugs-business-mental-health/) + +* **”A startup that wants to use psychedelics to treat addiction just raised $6.2 million from the host of Shark Tank and the architect behind the world’s biggest cannabis grower”**, [Business Insider](https://www.businessinsider.in/science/news/a-startup-that-wants-to-use-psychedelics-to-treat-addiction-just-raised-6-2-million-from-the-host-of-shark-tank-and-the-architect-behind-the-worlds-biggest-cannabis-grower/articleshow/71377825.cms) + +* **”New York is getting its first psychedelic-medicine center, with the help of a startup called MindMed, which develops hallucinogens to treat mental illness and addiction, and is funding an institute at N.Y.U. Langone Medical Center”**, [The New Yorker](https://www.newyorker.com/magazine/2020/10/12/turn-on-tune-in-get-well#:~:text=New%20York%20is%20getting%20its,at%20N.Y.U.%20Langone%20Medical%20Center.) + +* **”MindMed surges, putting it at the forefront of psychedelic euphoria”**, [Bloomberg](https://www.bloomberg.com/news/articles/2020-12-09/mindmed-surges-putting-it-at-forefront-of-psychedelic-euphoria) + +---------- + +**HISTORY AND PARALLELS** + +> The history of psychedelic discovery, use and regulation is flush with politics, propaganda, and anecdotes. Although hallucinogens have reportedly been used for centuries, it was not until the late 1930’s and 1950’s that LSD and psilocybin were isolated in a laboratory setting. In 1968, the United States government passed legislation banning the possession of LSD and psilocybin, which restricted the use of these substances in clinical research. In most developed countries, with the exception of a few, such as Brazil, Jamaica, the Netherlands, possession remains illegal. In 2000, the Psychedelic Research Group at Johns Hopkins received U.S. regulatory approval to reinitiate psychedelic based research. + +> As we have seen with cannabis reform, culture and politics are shifting, and substances that were previously illegal are gaining renewed support for both medicinal and recreational use. In 2012, Colorado and Washington became the first two states to legalize the recreational use of cannabis, following the passage of Amendment 64 and Initiate 502. Since then, we have seen significant efforts from additional states to either decriminalize or legalize the use of cannabis. + +> For additional information on the history of psychedelic substances and the regulatory milestones they achieved, please refer to [this summary](https://www.reddit.com/r/speculator/comments/lk6p7q/anticipating_trends_in_developing_industries_from/), posted in r/speculator. + +---------- + +**FURTHER EDUCATION** + +> On February 18th, 2021, Horizons will hold a [webinar](https://register.gotowebinar.com/register/87068539393444368?source=Alert) dedicated to investment opportunities in the psychedelic industry. + +> Topics will include, + +* **What are psychedelics?** +* **How are they currently regulated?** +* **What is the medical market opportunity?** +* **Which companies are leading research in this space?** +* **What’s the best way to invest in the emerging psychedelics marketplace?** + +---------- + +**DISCLAIMER** + +> I hold a long term equity position in MMEDF. I plan to increase this position in anticipation of upcoming catalysts and growing sentiment, with the intention to close this temporary position at a profit in the near term, while maintaining my primary equity stake. + +> This content of this post is for informational purposes only, and should not be construed as legal, tax, investment, financial, or other advice. Investing comes with inherent risks, and all parties should conduct their own due diligence. +Hi Fam, + +People at work / peers always ask me why I don't buy my first home ? I simply said that I hate debt, hate being a slave for 30 years and my capital could be used towards something else better. I started talking about stonk's having around 6 figures worth and trying to aim FIRE with 7 figures by 45, they all saying it's risky... I said that losing your job and having a mortgage with kid's is more risky, there's no guarantee I will keep the house and kid's but my stonk's will be with me for life \*\*HODL\*\*. They all look at me like I'm some sort of retard, but then they go and congratulate a person using 20x leverage to buy a piece of box. Who's the autist ? +Most post I see here are about buying cheap properties that cash flow.. I want to invest in the area I live in, which means buying a home in the 400-600k range that clearly will not meet the standard 1% rule guidance. I am okay putting down a large down payment in order to make the numbers work. Is that what people typically do in these areas? There are also a lot of new builds in areas that are developing rapidly that I KNOW will be desirable and rentable to a great pool of tenants. But for some reason new builds seem taboo here. If I can buy a new build in a great area for 500k, should I do that if the math works with a big enough down payment? I know it’s not optimal to scale a massive portfolio this way but if my goal is to have a small portfolio of SFH and townhomes in this area (3-5) and have them paid off to live off of the income - it seems that this is okay. Will someone explain a counter mindset or confirm there is nothing wrong with buying more expensive homes in more upscale areas? Thank you +I've been pretty interested in dividend investing and feel like it is definitely my kind of investing. I'm 22 and have managed to invest $9k in a dividend portfolio that I created. I'm looking for some advice on my portfolio and would love to hear your suggestions and thoughts. + +View my portfolio here: [https://m1.finance/IRvQ1LjkMWAz](https://m1.finance/IRvQ1LjkMWAz) +&#x200B; + +https://preview.redd.it/h5yz344z4qe71.png?width=1600&format=png&auto=webp&s=030ec1b2a90085e5a71eb5246f3edf714fd2e331 + +&#x200B; + +The weekend news so far will be under this :) + +Alright, an irl thing has occurred (nothing bad just a lot of stuff to do) which means I won't have the time to take care of the Daily stonk and will probably have to put SuperStonk and GME a bit on the backburner (I will still be here lurking and looking at posts when I can and I fully believe in the MOASS), I tried my best to keep it going as I know a lot of you (and me) found it useful, I even tried to make a group to help and I think it was going well but none of us have the time to run it and I won't be able to contribute but oh well for something that was supposed to only be one post, 2 weeks is not bad. + +&#x200B; + +Thank you all for your encouragements over the past 2 weeks it's meant a lot and I'm actually surprised at how little negativity there were, I mean I haven't even gotten 1 self-harm/suicide report or anything from Reddit or any negative/shill/fud dm's at all, I'm very impressed. (edit alright I got one self-harm/suicide report but only because the bots picked up that I mentioned it) + +&#x200B; + +And thank you mods for all the hard work you put in and I know there is a lot of negativity at times but I really do believe most of it are just from the loud minority/cautious people who didn't realize how negative/demanding they were and trolls/shills, and considering how big Superstonk is, shill/troll attacks and everything else, you're doing a great job! and keep at it for as long as you're able. + +And thank you u/rensole for doing the daily news/stonk for so long and despite the negativity at times it was very much appreciated from me and the community. And I know I kind of stole/copied The Daily Stonk but I hope and think you understand it was done in good faith :) + +&#x200B; + +**If any of you want to give running/making the daily stonk/news** yourself I'd recommend doing it as a group and [here is a post containing how to make The Daily Stonk that I made for running it as a group in discord based on how I made the Daily Stonk myself](https://www.reddit.com/r/Superstonk/comments/ovpypd/how_to_create_the_daily_stonk/), it's a little bit "and and and" but I hope some of it could be useful if someone takes up the torch. + +Note u/ViviconsAdventures is one of the people I was working with and he might do a weakly recap/meme recap to some capacity (but probably not as extensive). + +&#x200B; + +And with that said here is the main news that has happened over the weekend so far and I will keep updating the Daily Stonk with new posts over the day till I go to bed. + +&#x200B; + +https://preview.redd.it/e5maetl15qe71.png?width=680&format=png&auto=webp&s=0e538766f933a9bb69a6e28f960bb4a586440bfc + +&#x200B; + +# [🔴Daily Reverse Repo Update 07/30: $1,039.394B - New record🔴](https://www.reddit.com/r/Superstonk/comments/ouow2m/daily_reverse_repo_update_0730_1039394b_new_record/) - [u/pctracer](https://www.reddit.com/user/pctracer/) + +[credit to u\/pctracer](https://preview.redd.it/m8zkepc35qe71.png?width=700&format=png&auto=webp&s=663deb940400caae55dac85f2466a180194cf6d9) + +[Congratulations!](https://www.youtube.com/watch?v=wDajqW561KM) We did it, the RRP hit 1 Trillion... next 2 Trillion? + +&#x200B; + +# [Enjoy the peace while it last apes. The storm is coming.](https://www.reddit.com/r/Superstonk/comments/ouwfvb/enjoy_the_peace_while_it_last_apes_the_storm_is/) - [u/Gooseman1019](https://www.reddit.com/user/Gooseman1019/) + +[credit to u\/Gooseman1019](https://preview.redd.it/usqw00t75qe71.png?width=960&format=png&auto=webp&s=53f549ff4d145633a819f8b840da34684335d53d) + +&#x200B; + +# [CREDIT SUISSE PUT OPTIONS (540K) - GONE IN BLOOMBERG](https://www.reddit.com/r/Superstonk/comments/ovaorq/credit_suisse_put_options_540k_gone_in_bloomberg/) - [u/lawsondt](https://www.reddit.com/user/lawsondt/) + +A few days ago 1m put options apeard in Bloomberg then they where replaced by 540K from credit suisse and now the credit suisse put options are gone. Again a bug or something else? + +&#x200B; + +# [At noon on Friday, the Treasury will be suspending sales of securities according to a letter Secretary Janet Yellen sent to Congress last week. The debt ceiling will be reinstated on Sunday. BULLISH! but DON'T DANCE!](https://www.reddit.com/r/Superstonk/comments/ov5r26/at_noon_on_friday_the_treasury_will_be_suspending/) - [u/FreebidderIS](https://www.reddit.com/user/FreebidderIS/) + +[credit to u\/FreebidderIS](https://preview.redd.it/qk1wj58e5qe71.png?width=720&format=png&auto=webp&s=35616032b4baf5e57b1d4798e12e6b41d0532bbb) + +Bad times ahead. + +&#x200B; + +# [THE BUCKET SHORT: GME was shorted with a group of other stocks. Full explanation inside.](https://www.reddit.com/r/Superstonk/comments/ov0g8s/the_bucket_short_gme_was_shorted_with_a_group_of/) - [u/Digitlnoize](https://www.reddit.com/user/Digitlnoize/) + +Digitlnoize goes through why and how gme was bundled and shorted with multiple other stocks during covid. + +&#x200B; + +# [💎👐Cash account shenanigans allowed by the DTCC: exploitable loopholes in the Customer Protection Rule and the Obligation Warehouse/ FTD spa♾🚀](https://www.reddit.com/r/Superstonk/comments/oumz7g/cash_account_shenanigans_allowed_by_the_dtcc/?utm_source=share&utm_medium=web2x&context=3) - [u/MommaP123](https://www.reddit.com/user/MommaP123/) + +MommaP123 have made another post about Registering your shares in your name (Direct Registration System) which would prevent those shares to FTD and goes a little into how it works, do note that "**Registered shares may be difficult to sell in a MOASS situation**" but would be good for the infinity pool. + +&#x200B; + +# [GME Dark Pool Trading is Different than other Security Dark Pool Trading and a Look at Citadel, and all other OTC exchanges, that traded OVER 1.27 BILLION shares of GME between Dec 2020 and May 2021. And these share DO NOT reflect in the volume the public can see! SO MANY SYNTHETIC SHARES OUT THERE!](https://www.reddit.com/r/Superstonk/comments/ovl6v1/gme_dark_pool_trading_is_different_than_other/) - [u/Wallstreet\_Owes\_Me](https://www.reddit.com/user/Wallstreet_Owes_Me/) + +As the title says Wallstreet\_Owes\_Me have looked at GME dark pool data and compared it to other stock's dark pool data. + +&#x200B; + +[And just like that, as mysteriously as he had arrived, he was gone.](https://i.kym-cdn.com/photos/images/newsfeed/000/578/797/294.gif) + +https://preview.redd.it/sspd8dqn5qe71.png?width=554&format=png&auto=webp&s=03185cad98c0dceb7e02286afe4a557061f77a0a + +EXCELLENT! + +**Be friendly, help others!** + +As always we are here from all different walks of life and all different countries. + +This doesn't matter as we are all apes in here, and apes are friends. + +Doesn't matter if you're a silverback a chimp or a bonobo. + +We help each other, we care for each other. + +Ape don't fight ape, apes help other apes! + +**This helps us weed out the shills really fast, as if everyone is helpful, the ones who aren't stand out.** + +Remember the fundamentals of this company are great, so for the love of god if someone starts with trying to spread FUD, remind yourself of the fundamentals. + +**There is no sense of urgency, this will come when it comes, be a week, be it a month be it six.** + +We don't care, just be nice and let's make this community as Excellent as we can! + +Remember one of the only ways to counter the Cointelpro we have seen is by being overly nice, so treat all the other apes as if you're dating and you wanna get to first base. + +Don't try to exploit your fanbase, this would also be excellent! + +Remember none of this is financial advice. + +If anything happens throughout the day we will be adding it here. + +Backups: + +[https://twitter.com/ByeTriangle](https://twitter.com/ByeTriangle) + +[https://twitter.com/BradduckF](https://twitter.com/BradduckF) + +[https://twitter.com/ButtFarm69](https://twitter.com/ButtFarm69) + +Edit + +# [NEW Rule Approved 30/7 - SR-FINRA-2020-041 - Member Firms Implications Of Employee Misconduct](https://www.reddit.com/r/Superstonk/comments/ovpx74/new_rule_approved_307_srfinra2020041_member_firms/) - [u/bosh023](https://www.reddit.com/user/bosh023/) + +"Rule SR-FINRA-2020-041 has been approved after being proposed in Nov 2020" according to bosh023 this rule is to flag companies that employ "rogue traders with a history of misconduct" to warn investors and forcing those companies to either fire the "rogue traders" or pay a financial deposit according to the risk involved by employing those "rogue traders". +Listen... [/u/tophereth's](https://www.reddit.com/r/Superstonk/comments/pgttob/the_post_about_gamestop_being_a_victim_of_jeff/) claim may or may not be true, but we don't have the proof (yet). Even if it turns out to be false, I'd strongly consider not giving Amazon any more of your business. + +- [Dodges $100 billion in taxes over the past decade](https://www.theguardian.com/business/2019/dec/02/new-study-deems-amazon-worst-for-aggressive-tax-avoidance) +- [Uses its merchant data to launch their own competing products under the Amazon Basics brand](https://www.wsj.com/articles/amazon-scooped-up-data-from-its-own-sellers-to-launch-competing-products-11587650015) +- [Meets with startups under the guise of investing in them, but then steals their ideas/products](https://www.wsj.com/articles/amazon-tech-startup-echo-bezos-alexa-investment-fund-11595520249) +- [Uses dark patterns to promote their Amazon Basics products](http://www.netinstructions.com/amazon-dark-patterns/) +- [Place your data privacy at risk](https://www.politico.eu/article/data-at-risk-amazon-security-threat/) and have [already been fined $886 million for violating GDPR in the EU](https://www.nbcnews.com/tech/tech-news/amazon-hit-record-eu-data-privacy-fine-rcna1566) +- [Threatens to immediately suspend services to Signal messenger for violating their acceptable use policy](https://signal.org/blog/looking-back-on-the-front/) -- in fairness, Signal were domain-fronting to circumvent censorship in countries that wouldn't dare block Amazon, but really wanted to block Signal + +Plus the countless other stories you've already probably already heard about counterfeit goods, terrible working conditions and people pissing in bottles. + +I empathize with many of you who have no other choice than to purchase difficult to obtain goods using Prime. They make it so damn easy and people who live in regions outside major metropolitan areas sometimes have no choice. For the rest of us, don't forget that you have a choice. + +Edit: We should make a list of the ecommerce sites that we use to replace Amazon. I'll start -- https://www.gamestop.com/ for games, [celebrity-endorsed home-office/streaming essentials](https://www.gamestop.com/gaming-accessories/gaming-headsets/pc/products/quadcast-red-and-black-microphone/11100805.html?condition=New), [plushy bananya toys](https://www.gamestop.com/toys-games/stuffed-animals-plush/products/snazzy-bananya-16-in-plush-only-at-gamestop/11109955.html?condition=New), [clothing](https://www.gamestop.com/clothing/mens/t-shirts/products/mooncat-t-shirt/11106326.html?condition=New), [kitchen appliances](https://www.gamestop.com/home/kitchen/kitchen-accessories-gadgets/appliances/products/bob-ross-slow-cooker-2-quart/11108227.html?condition=New), [transportation](https://www.gamestop.com/toys-games/scooters-ride-on-toys), and [electronics for your home theater](https://www.gamestop.com/electronics/tvs-monitors?view=new&tileView=list&hybrid=true). +Sup apes + +not financial advice at all + +see what i did there with the title? + +song choice: idk, I just vibe w the beat: [https://open.spotify.com/track/3kcTFW5BckceRgCXUArQCp?si=8a9c471ced954419](https://open.spotify.com/track/3kcTFW5BckceRgCXUArQCp?si=8a9c471ced954419) + +This is gonna be a super brief post, I just want to highlight possibilities going into tomorrow based off today's action, as a lot of people seemed excited to see my 208.5 prediction come to fruition very early on in the trading day. + +If you missed the recent post, in essence I was explaining how we could expect today to be a bit down as GME was traveling in a minor wave 2 (remember 2 and 4 are against the trend, downwards in this case as GME is BULLISH AS FUCK) + +So we hit the .618 target today which also coincided with the 1:1 extension of wave A at 208.5. + +WUT MEAN? + +[note the \\"C\\"](https://preview.redd.it/xpy672sax9871.png?width=2810&format=png&auto=webp&s=8ee8b54bed872b5385088ce4f5d9281dbfbeb62b) + +I'm gonna attach a terribly drawn visual so you can identify where it appears we are in the trend: + +&#x200B; + +[we are here](https://preview.redd.it/mlqga4hky9871.png?width=593&format=png&auto=webp&s=0a1fd377e932bd97821c0b5dd71bb5103da0deb5) + +Do note these are not drawn to scale by any means. + +So tomorrow, using EW there are a few possibilities. The beauty of EW and the market in general isn't that there is a guarantee of a certain outcome, rather you can map out all the possible outcomes, and when one seems more likely than the other, that's where the best trades and traders are born. + +**Possibility 1**: most likely imo, the "C" wave of the minor wave completed today. This scenario is drawn from today's price action, specifically how the .618 level was only hit one time. If you look closely, you can see that there were many tests of the level, but only once did we actually cross it, which was early in the day. The touch of this level furthers the assumption that the "C" wave is complete. + +[\\"C\\" completion ](https://preview.redd.it/t352gb6tz9871.png?width=1578&format=png&auto=webp&s=2d9a086b8de959fa569b7fd0475e2dd817ef6360) + +In the event this is the case, we should not retrace below the 208 area from this point onwards, putting our final minor 3 target at a minimum of 227.4, though the 1.618:1 comes out to 245.23. + +larger time frame targets remain the unchanged, you can reference them in this post: [https://www.reddit.com/r/Superstonk/comments/o9wbjl/elliot\_waves\_and\_gme\_the\_climb\_back/](https://www.reddit.com/r/Superstonk/comments/o9wbjl/elliot_waves_and_gme_the_climb_back/) + +Another way to validate the above as the correct scenario, we will see a steepish move to the upside (maybe $10 or so, doesn't matter) followed by a .618 retrace of that move. In smooth brain terms, if we go up then come down, but not below 208, then it would appear this scenario is what is going on, wherein after the move down, we begin the 3rd minute wave (within the minor within the intermediate within the primary within the cycle so on so forth) + +We should not break below todays low in this scenario. + +**Scenario 2**: the C wave is not yet complete, the next major level to watch to the downside being 204.05. If this is the case, we should retrace down to this level and then begin the upward action as expressed in scenario one. + +Technically, all of the levels in the photo below are lower extension targets, though the .786 is the one worth watching for: + +[scenario 2](https://preview.redd.it/fjidn24w3a871.png?width=2756&format=png&auto=webp&s=7b5cde2e11b99b22155f4239f869714bbc03d794) + +In this event, everything is the same as outlined above, we just aren't finished with the corrective minor wave 2. Move is valid unless it breaks below 198.5, as remember wave 2 cannot retrace below the start of wave 1. + +After bouncing at one of the levels outlined above, price action will be as laid out in scenario one, just with a bit of downside first. + +Basically, it'll either go up, down, or sideways, BUT with this roadmap you have a better idea what to expect throughout the day based on what happens earlier on. + +I feel nothing. I don't even check my main portfolio (multiple broker gang rise up), and I don't intend to unless I am buying more on that account. That portfolio is 100% GME and is my biggest of two (by like 5000%, shoutout OG November apes, hodling pays off) + +If we do get some actually interesting action tomorrow, the minor wave 3 target is circled for your viewing pleasure below before a bit of retracement. This is the 1.618 level, wave 3 can hit anywhere from 1.0, 1.236, 1.382, MOST COMMONLY 1.618, 2.618, 3.326, and 4.382 (the last 3 are pretty rare on a larger scale, but they happen) + +[minor 3 target](https://preview.redd.it/kxqukq3p4a871.png?width=2760&format=png&auto=webp&s=17c86017dce673814b74ff1c8d7e45d2af9d86c3) + +Whatever happens, I'm jacked and feel nothing! It could go down up or sideways and I'm happy to own my favorite stock. Not financial advice. I had no problem buying at 300+, best believe I'll by at low 200s. + +TLDR: if you're really that lazy, read the bolded scenarios outlined. I can't really shorten that part for smooth brains, but read it and develop some wrinkles 🚀 🌊 + +I love Wednesdays + +Wrote this sorta drunk, time to go get high and stare at fib levels :) +(Hope this doesn't break the rules. Feel free to delete it if it does.) + +Hey all, + +I graduated early this year with my master's degree in development economics with pretty good grades (top 5% of my class). I've been on the lookout for research assistant roles in universities everywhere with pretty much zero luck. I mean I was still getting invited to interviews towards the start but now my applications are just getting rejected outright. + +To be fair, my research interests are in somewhat niche fields (economic history, conflicts and inequalities) which narrows down my prospects, but I'm still having trouble believing that I'm not going wrong somewhere. + +I do have very little prior experience in research, other than writing my dissertation, but that is precisely why I'm going for RA jobs at the moment before I try for a PhD in a few years. I was just wondering if anyone with similar qualifications is having trouble finding jobs in research at the moment as well? + +If not, I would love to get some pointers regarding places that I can apply to, or if there are other roles that I don't know of where I can apply, or literally any other advice that might be of help. Thanks! +Not sure if this is the right place to ask but I checked the rules and I think I'm good. + +I know nothing about economics, but a friend of mine wants to read The Wealth of Nations and I was going to buy him a copy of it for his birthday. Since I know literally nothing about the topic and have never read it, I need some advice on the following points: + +1. My friend is actually learning English, and my understanding is that this book was published in 1776, so I'm assuming it has some complicated language. Do you think it would make sense to also get him a copy translated to his language so he can read both? +2. I'm a little clueless about commentaries. Do all versions of the book have commentaries? Are there any in particular you would recommend? +3. Any general recommendations for which copy/version of this book I should get? I know there are several different ones and I literally have no idea + +Apologies for the newbie question, I'm really not knowledgeable about these things but my friend is extremely into it! Just hoping to be able to give a good gift :) +I often see gas stations within a mile or two of each other charging 20-30 cent differences. I live in an area where United Dairy Farmers night charge $2.55 per gallon versus BP charging $2.89 per gallon. If your tank is at least 12 gallons, that’s like $3.60 difference at least. In terms of perfect competition, shouldn’t we expect these gas stations to sell at the same price? +It seems an implicit assumption in routine discussions about the economy that it will continue to grow ad infinitum. But can it sustain itself indefinitely if the economy never grows, in some hypothetical world with static popular and static demand? To what extent do western economies today depend on a growing economy to meet their fiscal obligations? +Hey r/AskEconomics, + +I'm don't have much of a background in economics, but I wanted to get a basic grasp of the various indicators and metrics that are often used to describe the US economy, and I figured just examining modern economic history in the US would be a good way to do that. I use 2000 as an example, but really any time frame that includes the better half of the 2000 to present would probably work fine, too. I'm particularly interested in the economy surrounding the 2008 financial crisis, so I figured starting around the early 2000s recession would be suitable to give me a relatively complete picture. At this point, I just want to be able to read through and follow along in a thread like [this](https://www.reddit.com/r/Economics/comments/cc8hyl/us_budget_deficit_jumps_231_over_last_year_as/) or [this](https://www.reddit.com/r/Economics/comments/ceuesl/house_passes_bill_to_hike_the_federal_minimum/), so I'm not too interested in the actual theory of it all, just vocabulary and context. I don't know if it helps, but I have a degree in math and am pretty familiar with investing so I'm familiar with some concepts. + +If someone can recommend a book or blog or podcast or YouTube series or really anything, I'd be grateful. I'm not sure how to search for something like this in reddit, but if there's already threads about this, I'd be interested in finding them. Any other suggestions or advice would be awesome too. Thanks! +Weekly unemployment claims unexpectedly surged last week, rising above 800,000. + +The Department of Labor released its weekly report on new jobless claims Thursday at 8:30 a.m. ET. Here were the main metrics from the report, compared to consensus data compiled by Bloomberg: + + Initial jobless claims, week ended February 13: 861,000 vs. 773,000 expected and 793,000 during prior week + + Continuing claims, week ended February 6: 4.494 million vs. 4.425 million expected and 4.545 million during prior week + +https://finance.yahoo.com/news/weekly-jobless-claims-week-ended-february-13-labor-market-190229296.html +So I am a 26 year old living in Pennsylvania looking to transition from renting into purchasing my first home. (Already approved). Looking in a modest price range under $90k. The only reason I am even able to consider this is when I was first born my grandfather put some money into a stock for me. That stock is currently valued at roughly $15k. I wouldn't have the capital to even consider this otherwise. I only have about $4k in my savings. + +For some background. I work in the arts and make very little money, about $35k a year. I have very few monthly expenses, however. My car is paid off, my credit card debt is paid off in full every month. All of my student loan debt is federal and on income based repayment plans which result currently in me paying zero dollars a month for them. I am on this plan specifically because I work for a non-profit (and intend to do so for the rest of my career) and I get complete loan forgiveness after 120 payments (even if the payments are at $0 a month). + +Here are my questions: + +Given my tax bracket, I believe I will pay 0% interest on cashing out my long term investment stock. Does this sound right? + +Is there anyway to cash out this stock, use it as a down payment on a house, and not have it effect my income for the year? If it looks like my income jumped up by $15k it will most certainly effect my income based repayment on my student loans and potentially launch me into a monthly payment that I cannot afford. + +Lastly, is using this stock for a down payment and closing costs even a good idea at all? +I sold a company I created, and after the press release went out, I was inundated with very gracious offers to take and manage my new found money for fees. At the time, I presumed these wealth managers, after managing hundreds of millions - if not billions - of other people’s money for decades, would have developed advanced strategies and tactics for ensuring success. Surely, they would have teams of analysts scouring the markets for opportunities, technical indicators, news events, macroeconomic data and breakthrough innovations at all times to stay a step ahead of the pack. I was dead wrong. + +What I discovered was an antiquated industry that relied heavily on the belief that they knew better and were on top of things. In fact, there was very little effort that went into managing OPM (other people’s money), and that most of the energy went to finding and onboarding new clients. + +I’m not saying that their strategies were bad or didn’t work. I am only stating that they were neither complicated nor impressive. In short, anyone here could repeat the same strategies and save 1% of their money a year in perpetuity. Without further ado, here’s what I learned: + +**Goldman Sachs** + +It’s important to note that there are various divisions within GS wealth management that handle money differently. I break it down into low net worth, mid-net worth, and high net worth offerings. The low net worth folks are given Marcus, an automated investment system that simply relies on ETFs paired with some basic bond funds. It’s the same as buying Vanguard Target Retirement funds. + +The mid-net worth offering is where I spent the bulk of time understanding. They find 30 stocks to invest in from different sectors with an attempt to represent the sector weighting of the S&P 500. As the SPX is largely tech, they are overweight technology. Basically, they take the SPY and cut it down from 500 companies to 30 companies. + +Why would they offer a less diverse array of stocks? + +They state as the reason that they are better able to manage 30 investments than 500, and since they are not trying to beat the returns of the index - their words - they’d rather find stocks with lower beta (volatility) and thus likely lower returns. + +They locate these stocks by running basic stock screens within the S&P 500 once per quarter to ensure solid performance and find better investments. They target a 6% annual return after accounting for their 1% fee on your money and they offer some financial planning services if you have over a certain amount of money invested with them. This amounts to $10,000 per year for a $1M portfolio for many years - a lot of money to part with. + +Did I mention, you have to liquidate your entire portfolio prior to working with them, unless you happen to already own one of the 30 stocks they pick? So there are tax consequences of getting involved. + +For the HNW folks, the above offering is available and they offer additional products, such as the ability to invest in private equity, REITs and hedge funds. As you might imagine, the more money they manage, the more “free” accounting services they include. + +**Personal Capital** + +This may actually be my favorite, given the simplicity of it. They take the main sector ETFs and eliminate any stocks that are losing money, to recreate their own ETFs by sector. They charge you a fee to use their ETFs. + +They start with an equal amount of capital going to each sector ETF, but allocate more money to the sectors with the worst performance record from the year before. They do this annually. They do nothing all year. + +They charge a fee for managing your money. I recall it being 25 or 35 basis points, but you have to also pay to use their ETFs so it creeps towards the better part of a percentage point very quickly and is much more expensive than simply buying a Vanguard S&P 500 fund or a group of the sector ETFs calling it quits. + +**Ritholtz Wealth Management** + +If you’ve watched CNBC regularly, you’d recognize the commentator Josh Brown - a partner of Ritholtz Wealth Management. He’s the one with the thick New York City accent. When I found out I may have the chance to have his insights managing my money, I was excited as he always seemed so knowledgeable. But the wealth management shop was not impressive. + +In fact, their model was exactly the same as that of Goldman Sachs: they pick about 30 stocks, stick your money in them, rotate them every quarter, and keep volatility low on the stocks they pick. They target 5-6% annually, net of fees. Yes, you heard that correctly, 5-6%. + +The next group of wealth management shops all fell into one of three other categories: SPY collars, ETF aggregators, or tactical investors + +**SPY Collars** + +This strategy involved putting all of your money into the SPY ETF then selling call options on that investment out of the money a few months out at a time. They take the income from the sale of these options and purchase out of the money puts on the SPY for similar expiration dates. This strategy enables them to control your target return while limiting downside. For those who are not used to options, here’s how it works. + +Let’s say the SPY is trading at $400. You own it. You sell someone else the right to buy it from you for $440 for $40 per call. So long as the SPY stays under 440, the other person will not execute the call and you get to keep the money for the call premium. If the SPY goes above 440, you have to either sell your shares at $440 (plus pocket the $40 per call option premium, making this a sale at 480) or buy the call back at a higher price than what you sold it for. You’d lose money on the call, but the SPY shares have gained in value, so you still come out ahead. You are just not as ahead as you would be had you simply bought and held the SPY all the way to $490. This creates a ceiling in terms of the max amount you can obtain on the upside of your investment. + +The option puts work the other way, protecting your investment on the way down. Since you used the premium collected on the sale of the call to buy the puts, you haven’t spent any new money but have bought yourself insurance. If the SPY drops, the value of your put option (a short on your own investment) increases. This increase offsets your losses, protecting you, especially in the case of extreme correction. + +If the SPY rises, you lose the value of your put, so you have to account for that in your net income for the investment. + +If you don’t follow this, don’t worry, the net effect is they use options to prevent a major loss but in doing so, they also prevent you from having any major gains. You are trapped or collared within an acceptable range of returns. Over time, you will not beat the S&P 500 index with this strategy and they say this. + +So there is only value to this strategy if you simply are unwilling to trade a really bad year once in a while for a great year once in a while. It’s mostly about your investment time horizon and whether you need regular access to the money. + +**ETF and Mutual Fund Aggregators** + +About 7 firms I interviewed used this strategy. I heard the same thing so often, I thought maybe they were dumbing it down for me. Essentially, they just bought all sector ETFs or a basket of mutual funds for you. A few of the firms would use the collars I spoke of above if the market got a little choppy, but most did not. + +This strategy was most common with smaller wealth management shops - under $250M AUM - which tried to differentiate themselves as financial planners that happen to look after your money. The bulk of them did very very little to watch the market and most flat out stated they only looked at these quarterly. + +I could not understand what they did all day until one referred to himself as a market psychologist because his job was to calm clients down when the market shits itself. I have vodka for that, so this strategy was not for me. + +**Tactical Firms** + +These firms were harder to find and their DNA was more similar to day traders in terms of their mentality. They invested in a basket of stocks they thought represented a blend of value, growth, and good dividends. They chose them annually but were much more likely to liquidate and go to cash if they thought a correction was coming so they had cash to buy the dip. + +One thing I did learn from them though was tax loss harvesting - a term for specifically taking losses on investments to offset gains on others. + +The best way they did this was by rolling calls on equities that had risen in value. Imagine holding Apple stock and selling a call on it. If Apple goes up, you must then choose to sell the stock or buy the call back at a higher price for a loss. If you do the latter, in year 1 and sell a second option in year 2 at the same price or more than the call you bought back, you can write off the loss in year 1 while avoiding actual losses. + +You can roll calls like this forever, amassing paper losses while you actually gain in the value of the underlying equity. It was a nice trick I’ve used many times now, especially when I want to sell something I’ve held for years with significant gains. + +Their desire to protect the portfolio, I felt, prevented them from participating in the quick rebounds in the market. In 2019, when I spoke to them, they felt a crash was imminent and had gone to 60% cash in their portfolio. I never reached back out to see how they did, but I suspect they were buying the dips in March 2020. + +Their overall returns were around 10% but not as good as simply buying the SPY and holding. But they did seem to be able to minimize the downside of some on major events. + +**In the end, I never hired any of them.** I decided instead to use what I learned and what I knew and manage my own money. In case you read this far and are curious, yes, my returns have beaten all these firms’ average returns and I’ve actually learned a lot in the process. Sharing in case anyone could use the strategies. +Crypto has been taking up too much of my time for quite a while now. YouTube vids about microcap altcoins, reading about smart contracts, updates, high growth shitcoins, Musk, White papers, r/cryptocurrency, charts, portfolios. + +All this has had a disastrous effect on my marriage especially considering the amount of money that is going out of our shared bank account. I no longer have time or patience to be be with the kids. No longer go out with my friends to play basketball. + +Things are bad - aside from the fact I'm making money on the side! + +So, I decided today that I'm out. Leaving my wife and kids so that I can properly concentrate on what matters - crypto and basketball. + +Wish me luck, guys! +I thought this might be of interest as I don’t work for a tech company or as a doctor making 6 figures, I’ve made a pretty modest income but have had a very high savings rate. + +#Background: +25 years old, single, pilot. I graduated college about 3.5 years ago with $40k in student debt. I didn’t have a real “big boy” job until about 6 months after I graduated. + +I’ve always been financially literate, thanks to my father. He kept me out of the super expensive brand name schools (embry riddle), taught me how to save and invest money, and most importantly instilled a non-stop work ethic. Combined with reading financial subreddits almost daily, I think I have a good amount of financial knowledge. + +#Timeline, all at the end of the stated year. +**2017:** NW: -$35000. Salary $55000. Started my first real job after college in late 2017. The first few months of making that much money I went a bit overboard, after tax I was making something like $2800/mo and spending all of it. A few months of wondering where all of my money was going, I realized I needed to cut back on my expenses. + +**2018:** NW: -12K ish. Same job. Increased salary to $68k. Aggressively paying off my student loans, with something like $20k left. + +**2019:** NW: $17000. Started a new job at the end of 2019. Now hourly, but make between $60-80/year depending on how much I work. + +**2020:** NW: $67000. Same job. Ended up grossing $61k. Moved in with my parents during covid as my job security decreased. My expenses became nearly 0. I saved massive amounts of money as I was fearful for an extended furlough. I was lucky and was never furloughed. + +**April 2021:** NW: $101000. Stock market gains and low expenses have fueled my savings over Q1. My most recent paycheck finally pushed me to six figures. I have worked as much as humanly possible this year and have grossed $35k YTD. I don’t think I can multiply that by four to make $120k+ this year though. + +#Lessons Learned: +While I absolutely love money, seeing my accounts grow day by day, and working as much as possible to see my paycheck be what it has been, I do realize I have neglected a lot of social aspects of life. I haven’t dated anyone in years. The only people I hang out with are coworkers on layovers. I have a friend group from college, but we are spread all over the US. I am most definitely lonely at times and I feel helpless. I can make excuses all day for why this is, but in general it’s a combination of self confidence issues and frugality. + +I really do love my job. I often get home from work and sit around waiting to go back out. Why would I sit here and play video games when I could be getting paid to fly? + +DAY TRADING WILL FUCK YOU. I learned about Wallstreetbets back in like 2018. This was after the crazy bitcoin runup and drop. I decided to get more involved with investing. I learn best by doing, and that involved me losing lots of money on options and stocks. It was addicting. I learned a lot, but I lost a lot of money. Eventually I figured out day trading was a total waste of time. I see peers doing it now and I get a chuckle when I see them think they are JP Morgan himself, since I was there once. Ultimately, using emotion of any kind to make trades is a poor idea. + +Don’t touch your 401k. In 2018, at the height of me trying to be the wolf of wall street, I switched my 401k to all bonds just before the market dropped hard in October. I thought that this was the next recession and bonds would be a good profitable placeholder until the bottom hit. I did well with the bonds, but ultimately I held them too long and missed out on gains. + +My brokerage account grew massively in 2020 for various reasons related to job security. My industry (the airlines) has been in the worst shape it has ever been in. Luckily, the government gave out grants to the airlines specifically to keep everyone on payroll during covid times. I made as much as possible and saved it all. I didn’t want to get stuck with a 1-2 year furlough with all of my money in a 401k. So my savings account grew. And grew. And grew. My “emergency fund” could now last me nearly 3 years on my current expense rate, and probably even longer if I really went barebones. I realized it was fucking stupid to have like $30k as an emergency fund when my expenses were $500/mo. I decided to invest the majority of that in index funds. I finally realized I was putting 2-3k/mo into my brokerage and needed to up my 401k contribution. Currently I sit at a 50% contribution to my roth 401k. This allows me to contribute that same 2-3k/mo to investments, with enough take home to cover my expenses. + +Dogecoin. Wow. I mined dogecoin on my computer back when it was created in 2013/14. Had 150k doge. Converted it to Bitcoin in 2017 when it was getting close to $.01. Look at it now lol + +#The future: +I don’t have a desire to have the standard American lifestyle of get married, have 2.5 kids, live in the suburbs, etc. I would much rather spend most of my time traveling, seeing new things, meeting new people. + +Student loans are deferred until September. Ideally once they become active again I’ll pay them off in full, unless the government decides to erase some of them. Its only $6k at 3.5%. + +Ideally this summer I will reduce how much I work and take time off to enjoy the good weather, my travel benefits, and easing covid restrictions. + +I am actively looking for a new job as I would like to relocate to another area of the US. + +I realize this is Financial independence, where people generally want to retire early. I’m not sure I want to do that. I really like what I do. I get to go on vacation all the time, whether that’s during work or when I have days off. Its pretty easy work for the most part. And when you’re old it pays really well as you have seniority. + +My long term goals are pretty simple. Have a smaller house somewhere west of the Rockies or in Hawaii. Be 100% electric, solar panels, battery backups, electric car. Have a big garden with all sorts of fruit trees and vegetable plants. I’m kind of a hippie at heart. Own a small airplane where I fly around the US on my days off. + +Overall, I’m proud of my accomplishment. It’s nice knowing I now have a nice nest egg to always fall back on in the event I get laid off or something. I think I need to reduce my savings rate/work less and have more fun. If you made it this far, thanks for reading. Would like to hear your thoughts :) + +#Edit + +Didn't realize that even this income level is still pretty high compared to others, didn't realize that at all since all of my peers seem to make more than me (or at least are renting really nice apartments, new cars, going out all the time, etc). Sorry if it came off as insensitive, mainly just wanted to show that its not only possible for people making 6 figures to get their finances in order. + +If you can take away one thing from this, its get into the workforce as soon as possible. I graduated in 3 years because I stayed during summers to finish school earlier. I still had peers pass me in certain aspects in school because I lagged behind in some things. I definitely benefited from graduating early and immediately getting into the workforce. I also had a set goal before I went to school and didn't change majors. Shit if you can get college classes completed in high school, do it. Make college as cheap and as quick as possible. But don't forget to have fun in college, I had a lot of fun there while still maintaining my goals of graduating early. +Just curious and hoping some people in their 60s might be able to share what their retirment portfolios currently look like. Since there probably aren't tons of 60s and up on reddit, can someone share their planned portfolio for when they actually reach retirment age. Thanks +Hi All + +Can anyone recommend the best (or good selection) of ETFs based on Green Energy, Automation, AI, Robotics etc + +Any help would be greatly appreciated +In looking at the overlap between the two it looks like almost all of SCHD is in VTI. I really like having both in my portfolio. But I'm wondering if I'm wasting my time holding both? Should I just consolidate my SCHD holdings into VTI? +Majority of my holdings are VTI. I’m planning to put even more into VTI during this dip, but I’m wondering if anyone sees VTI crashing in the future or it is less likely as VTI is considered a quite safe ETF in the long run. My average is at $215.82. +Recently, a friend who works in payroll told me that our company has been using money that's supposed to be going into employees' retirement accounts (our contributions + company's matching) for general cash flow/supply purchases. It's happened a few times in the past where they'll miss making the deposits two or three pay cycles in a row, and then finally make a much bigger than normal payment to make up for it. Most people haven't noticed because they don't check their retirement accounts all that often (myself included) but at least a few people have noticed. While ultimately the correct amount gets added in, this seems super shady (and maybe illegal?) And it's happening again; they've missed the last two pay cycles. My friend also told me that we may or may not have funding beyond 6 months but we won't know for another two months. + +I immediately started the process to find another job but I'm nervous about a bunch of what-ifs. I'm supposed to get paid out up to 6 weeks worth of vacation time when I leave but what if the company goes under before I have another job lined up? Or even if I do get another job beforehand, they might be so short on money they still might not payout. I don't know how likely any of this is but I also don't know what I can do to get what's owed to me for my work. Any ideas what I can do, what I should be on the lookout for? Any questions I should be asking but don't know to ask? Thanks for any help you can offer. +Isnt sending money out what brought us to where we are today? + +Bloomberg said in another report that chips for the debit cards couldnt be procured to get this done anyway. + +[Full Article...](https://www.msn.com/en-us/money/markets/white-house-considering-sending-gas-rebate-cards-to-americans-report/ar-AAYAGfn?li=BBnb7Kz) + +The White House is reportedly floating the idea of gas rebates for U.S. residents due to record gas prices. + +A White House official told FOX Business that the administration has not ruled out the distribution of gas rebate cards. The cards would hypothetically subsidize the price of gas for Americans – many of whom are struggling to make ends meet with fuel now priced at the level of a luxury good. + +"The president has made clear that he is willing to explore all options and hear all ideas that would help lower gas prices for the American people," the official told FOX Business. +The Bank of England took emergency action on Wednesday to avoid a meltdown in the UK pensions sector, unleashing a £65bn bond-buying programme to stem a crisis in government debt markets + +The bank stressed that it was not seeking to lower long-term government borrowing costs. Instead it wanted to buy time to prevent a vicious circle in which pension funds have to sell gilts immediately to meet demands for cash from their creditors. +That process had put pension funds at risk of insolvency, because the mass sell-offs pushed down further the price of gilts held by funds as assets, requiring them to stump up even more cash. +“At some point this morning I was worried this was the beginning of the end,” said a senior London-based banker, adding that at one point on Wednesday morning there were no buyers of long-dated UK gilts. “It was not quite a Lehman moment. But it got close.” +The most directly affected groups were final-salary pension schemes that have hedged to ensure their ability to make future payments — so-called liability-driven investment strategies that are very sensitive to fast-moving gilt yields. +“It appears that some players in the market ran out of collateral and dumped gilts,” said Peter Harrison, chief executive of Schroders, which has $55bn in global LDI business. “We were more conservatively positioned and we had enough collateral to meet all of our margin calls.” +But a senior executive at a large asset manager said they had contacted the BoE on Tuesday warning that it needed “to intervene in the market otherwise it will seize up” — but the bank failed to act until Wednesday. It declined to comment. + +Source +https://archive.ph/ZQkK4 +I've been job hunting as a student for the past 6 months or so. And I I finally got my first offer last week. I was VERY excited and happy with the salary. I did my research and googled the title, the company, average salaries, and found that my offer was well in the high average. I was very much ready to sign and submit. + +However, I noticed that many of my male classmates expressed they were actively negotiating with employers. They said that they always presented themselves as more valuable than an initial offer. To be honest, I thought asking for more would be very risky. I was scared to question my worth. I kept thinking "what if they see me as too pushy and take the offer away". But I gobbled up my fear and called my HR representative. They were very kind and not intimidating in the slightest. + +I said "I am very excited to have received an offer from XX-Company. I'm looking forward to being a part of the team. However, I was actually hoping for a salary range between $xx-$xx." She didn't cut me off. She didn't question my request. She simply said in a very kind manner: "No, worries. Let me go back to the department and get back to you on Monday". + +She called back this morning and sent over my new offer. They were able to bump up my starting salary by a little under 10%. I couldn't believe it. I will never not ask about salary again. Ladies, it does not hurt to be confident in your capabilities. Know your field and be confident. +As much as its a goal to have FX as one of my main sources of income I feel like it would take a lot of money. £100k + account and it wouldn't be good for psychology at all knowing FX is one of your main sources of income. To what extent am I right/ wrong? + + Is there anyone here living off FX. How is it psychologically? +As stated in the title, I’m a 19 year old male, wanting to trade on forex full time. I’m aware that trading on forex is very difficult and takes lots of skill, knowledge, patience, etc. I by no means see this as a get rich quick scheme. Trading on forex interests me as I in a sense can be my own boss instead of working the traditional 9-5 for someone else. I create this post asking for any tips and advice on how to get where I want to be with trading on forex. I’ve started the free course on babypips and look to complete that before moving onto a demo account. And once I feel comfortable with the demo account, I may slowly ease my way into trading. Any tips/advice. + +Thank guys +RC is spitting fire lately to be sure, but there *are* limits to what he can just unload with. So how can he tell us which conspiracy theories are true and which aren’t? Easy. We have memes for every bit of DD and potential DD for the last year and a bit. By getting us to tweet these at him, RC can “like” them to confirm those theories are true without putting himself the hook for defamation. Another 69D chess move. +I mean.. I get that when companies initially issue out stocks they get capital to invest into themselves. But the stock market itself, how do they add to the economy? When people buy and sell stocks from each other.. what does it produce?? +Obviously just a thought experiment, given difficulty of figuring out what a firm is, what a market share is for every firm, ect.. + +My intuition is that it would essentially act as an active anti-trust law - disincentivizing near monopoly. +What exactly is elasticity saying, and why is it important? Can't I get the same information from slope? For example, if we assume we have a graph of quantity versus price, and elasticity of quantity versus price, why do I need elasticity when I can tell the instantaneous rate of change of price and/or quantity from slope (assuming you take a derivative)? +Hi guys, + +So in Canada our largest grocery store chain Loblaws has decided to place a price cap on their ‘No-Name’ products that they carry for the next 12 months. + +Is this sound economics or just a PR stunt? + +What would be the consequences to implanting this policy? + +Seems like it’ll slow down food inflation which is good. Increases affordability, also good. + +The only thing I can think of is shortages would ensue. + +That doesn’t make any sense to me though, who would that help? + +If you’re ‘No-Name’ 100 million a year you would deliberately cut your production so that you could make even *less* money?? + +Thanks, Rick +I read [this article](https://www.sciencemag.org/news/2014/05/how-two-economists-got-direct-access-irs-tax-records) from a few years ago about how Chetty and Saez got access to IRS data. While normally the IRS uses its limited funding to invite a few select outside scholars to send them their econometric models they want to run and then they send back the anonymized results, Saez and Chetty apparently became temporary security-cleared on-site workers of a sort so they could be there on IRS premises to run the models themselves and play with different iterations. + +Clearly, it would be better for researchers to be allowed access to the data directly rather than rely on IRS employees. My question is, why doesn't the IRS just anonymize all their data in one big batch and make it publicly downloadable, even if they have to charge a fee, so that anyone from BLS, BEA, CBO, or some curious grad student could study the economy at a micro-level. + +Would this even be all that useful? Is anonymizing IRS tax data prohibitively difficult? Is there a better way of doing what I'm getting at? + +Or would it be like finding El Dorado? +I'm not talking about that wage is too low, or prices is too high. But assuming that market is efficient, this imply that a significant number of 'normal people' (able bodied, no mental issues, etc.) cannot contribute enough to the society to earn a livable earning. Is this just the way the market is? These people just lose fair and square, they just cannot produce sufficient economic value to justify their continue existence? Or there's a market failure at work somewhere? +Sorry for the basic question, I’m just starting to get into the field of economics. So from what I’ve read, Madoff’s scheme was like that of Ponzi in that he paid investors with money received from the next wave of investors and so on. However, as Ponzi lost everything when his scheme slowed down, I would assume this is an indication that such a system should not be emulated. I know Madoff must have been a smart fella so how did he expect his scheme to play out? Thanks for the replies! +Remember those deep OTM $GME Puts that Brazil made so famous last year ... the ones that make absolutely no sense unless they are being used to paper over "shares sold but not yet purchased" or some other b.s. ... well, they keep growing. + +[On April 14, there were 87,534 $22 strike \(and under\) OI puts on $GME ... 46,898 at $2 or less ... who thinks $GME is going to less than $2? Abso-fucking-lutely no one. It's fuckery, I tell you.](https://preview.redd.it/v4v6u0g22jy81.png?width=2192&format=png&auto=webp&s=17065f6920933307c01fe97ec13e763b385de439) + +[And today, May 9, there are now 95,904 $22 strike \(and under\) OI Puts on $GME, an increase of 8,370 \(representing 837,000 shares\). This huge increase occurred in only 16 trading days. The $2 and under puts have increased to 55,028, an increase of 8,130 \(representing 813,000 shares\).](https://preview.redd.it/pchk5lwn2jy81.png?width=1886&format=png&auto=webp&s=3cc09ce97fb17ea6874c87d854d572c9de292ff6) + +u/criand and u/atobitt ... any new theories??? Or same old shit, different year? I wonder if there is a connection if these numbers going up when we see 100% utilization ... +What’s happening to Baba? How are you managing your shorts? + +I’ve got a 1/31 230p that is looking to be my biggest loss. My fault for being a little over leveraged not leaving many management options. +&#x200B; + +This is purely my own speculation, however I am making it a point from this moment forward to follow the trail of ETF's to bring to light the number of FTD's that are hidden....this all trickles down to the options chain....then to the married puts, then shorting...If you read that much then you already know where to look + +Let me get one thing straight, I'm the little guy who has limited knowledge of where to look, my research is on the piggybacks of those before me.....in hope to provide additional information. + +**Part 1** + +**The Fails To Deliver** are being hidden the **ETF's** which is where the rabbit hole goes...IMO and TBH the research needs to look elsewhere at the **ETF's as that's where the manipulations is.** From what I have read from the **Castle Of glass / Game On Anon** there is a reposted to be **5.6 trillion worth of common stock traded through** **ETF's** + +The focus needs to move past Shitidel and other shorts, the trash talking, the memes, and pictures with lights on are all fun, but that ammo is having a less and less effect. + +Finding the trail of ETF's is not easy as stated in the this God Tier DD, but the door is not sealed off completely + +Now in recent news from the so called twitter leaks and now a different platform that is highly underrated LinkedIn....I think the momentum is once again on the move and the curiosity will organically bring more people into question + +For anyone who didn't get around to the Castel of Glass here is the link again...I suggest you read it in its whole entirety. + +[**Castle OF Glass Game On Anon**](https://www.reddit.com/r/Superstonk/comments/ok2e0b/a_castle_of_glass_game_on_anon/) + +I have mentioned these persons below in hopes that they can either approve or discredit the links below...that are again piggy backed from from u/leavemeanon was trying to tell us in his God Tire DD Castle Of Glass + +u/3for100Specials + +[u/LordoftheEyez](https://www.reddit.com/u/LordoftheEyez/) + +u/presidentme + +u/theta-voidance + +&#x200B; + +**I think** u/leavemeanon / MjB **was searching here** + +Here is a PDF from Harverd Law that has more information than one can read in a whole day...I believe it is here that the true amount of ETF's are hidden and from that a closer look at how many FTD's are being hidden + +[http://www.law.harvard.edu/programs/olin\_center/papers/pdf/Bebchuk\_1004.pdf](http://www.law.harvard.edu/programs/olin_center/papers/pdf/Bebchuk_1004.pdf) + +&#x200B; + +**Here is another of where it clearly shows that the percent of ETF's represent 36% of all Stock Market Trading back in 2016** + +[https://www.nber.org/system/files/working\_papers/w22829/w22829.pdf](https://www.nber.org/system/files/working_papers/w22829/w22829.pdf) + +&#x200B; + +&#x200B; + +&#x200B; +For those who are trying to piece things together, and get a broad overview of the whole GME situation, I have put this post together to highlight important events that have taken place recently, as well as to point out some things to potentially look forward to. Others have done the real DD, and this is simply an attempt to organize the important points so that new apes can quickly understand what is happening. + +(Quite a few people asked me to update / post this every so often, so here is the updated version. I have put asterisks\* on new or updated items) + +**I am not a financial advisor, none of this is financial advice, and I encourage you to do your own research on all of these topics / any trade that you decide to make.** I am simply presenting information that I have found elsewhere. + +Throughout the post you will see me say multiple times, "People are saying..." or "We have seen...". When I say this, I am not talking about what people on the street are saying, I am talking about good solid DD that you can read about each of these topics. (Sorry for not linking to other relevant DD, but you'll find them if you are interested in digging deeper. This post is meant to be clean and concise, and not cluttered with links everywhere.) + +**Here are the important things to know / look into further.** + +# GameStop company value increasing + +* 175% Increase in online sales in quarter 4, compared to previous year. These online sales accounted for 34% of their net sales, as compared to 12% in the previous year, meaning that the online sales "pie slice", almost tripled +* 11% Increase in sales for January, as compared to previous year +* Ryan Cohen announced as new chairman of GameStop (He will become the chairman after the company's annual shareholder meeting, which is scheduled for June 9). Ryan Cohen not only knows how to make an online business thrive / explode, but he is young and knows what gamers like, which means that he will soon transform GameStop into, "The Amazon of Gaming" +* Don't forget that lots of people like disc-based games too. Personally, every other store in my town that sells disc-based games is far inferior to GameStop +* New board members from HUGE companies (Google, Amazon, Chewy, Facebook, and more) +* GameStop now sells computers / computer parts, game chairs, TVs and other electronics, and more +* GameStop payed off $216.4 million in debt. In addition to this showing a solid financial situation for the company, this gives GameStop the ability to give dividends (See below for significance of dividends) +* GameStop gained $551 million by selling shares, to speed up their e-commerce transformation +* GameStop expanded their fulfillment network by leasing a new 700,000 square foot fulfillment center +* \*Gamestop has something potentially ground-breaking going on at nft.gamestop website. People believe they are setting up something like a crypto dividend, or the ability to resell digital games, or a number of other things that can apparently / potentially be done with a nft / Non-fungible token. People are saying that this can be revolutionary, and can even possibly enable GameStop to be the new Steam of gaming. (Also, on the nft website there is a tiny white dot you can click to play a game where you are a cat in a banana suit in space. So bullish.) +* \*There is speculation of a possible merger taking place, either between GameStop and RC Ventures, or possibly GameStop and SLGG... or some other huge merger / partnership. Not only can something like this serve as a catalyst related to people seeing the future value of the company... but I read that if a merger takes place and the company changes their name in the process, that a new ticker symbol / new CUSIP # is issued, and a share recall would need to take place so that new shares could be issued +* \*GameStop is now getting involved in Esports, and opening performance centers for tournaments, where you can spectate or play +* \*Gamestop is revamping their locations, from the interior, to the new sign with ".com" added, to the improvement in customer service +* \*GameStop now offers same day shipping + +# Possible catalysts + +* \*We are awaiting the GME shareholder vote count. We hope / expect to see many more votes than the number of shares that are supposed to exist, which will prove that hedge funds have been manipulating the stock, likely causing lots more people to buy into GME. People previously thought that an overvote could cause a share recall / audit, and although this appears to be untrue, an overvote can still potentially be a trigger for the squeeze. Having this issue out in the open would put a lot of pressure on financial regulators to stop hiding the issue and to actually do something about the naked shorting +* \*New SEC rules ~~being put into~~ **are in** place. These are rules that can make hedge funds finally pay what they owe (i.e. Buy back shares / start the squeeze). There are a few more rules still pending, but the big rules that are required for the squeeze, are in place +* Time itself: As the price continues to rise / refuses to fall, and as hedge funds pay more interest + spend more and more to short the stock, they become more and more overleveraged, and closer to getting margin called regardless of big catalysts. At some point the people who lent to hedge funds are going to want their shares / money back, pure and simple. You can't just keep taking out infinite loans without extra collateral forever +* \*We are awaiting the announcement of the new CEO, and some speculate that Ryan Cohen himself may step into the position, although the announcement of any brilliant CEO may also serve as a catalyst. This would be the cherry on top of their already amazing team +* \*GameStop now has the ability to issue dividends, which gives the potential to put pressure on hedge funds, and cause them to buy back their shares / can trigger a share recall. If a dividend is issued, the hedge funds must pay the dividends for their shorted stocks, which they would not be able to handle. If a crypto dividend is issued, this may make it even harder for hedge funds to attain the currency and then pay it out to share holders + +# Big News + +* On the first day that GameStop was able to see the vote count, GameStop tweeted a picture of an astronaut drinking a beer on the moon, and replied to people with many bullish comments... then the next day GameStop advertised "Mass Effect" and replied with a comment that has now been deleted: \*moass\* effect. That's right, they tweeted about the mother of all short squeezes! +* \*RC continues to tweet cryptic things that are very bullish no matter how you decode them. His newest tweet of a tombstone saying "R.I.P. Ryan Cohen, Dumb Ass" has people thinking that this could signify a merger, or possibly RC taking the CEO position. The more popular theory is that the tombstone represents a common financial term "tombstone" which indicates a merger / advertisement of a public offering +* GameStop acknowledged the possibility of a short squeeze in their earnings report +* Fidelity shows that 5 times as many people are buying GME, as those who are selling + +# Shills / insight into the other side + +I believe it helps to get insight into what the other side is doing, as it makes me realize how real the situation is. + +* We have seen many apes claiming (and providing proof) that they were contacted by people who tried to get them to post negativity about the stock +* We have seen overwhelming amounts of articles that say to "Forget GameStop", and lots of other articles that appear to be desperately trying to get people to sell or buy into other stocks +* We see articles that make incredibly good news look like bad news, or otherwise we do not see the good news written about at all +* We see blatant price drops / short attacks right after very good news +* We have seen a video of Jim Cramer in 2006 bragging about the same dirty tactics that the hedge funds are using now to drive (manipulate) the price down, where he was literally saying that he encourages others to use the same techniques +* \*When GameStop goes down a couple percent, the internet is flooded with articles of the "dip", but when it goes up 10% + there is silence in the media. Robinhood and news outlets will not even list GameStop in their top gainers list when it is one of the top gainers + +# But what if someone stops the squeeze? + +Nobody knows what will happen, but I have heard two supporting statements in reply to this question that I want to mention here. + +* People have mentioned that the government stands to gain trillions of dollars in capital gains tax, not to mention the benefit of trillions of dollars being given back to the people / pumped into the economy. \*Furthermore, the government knows that average joes / apes pay their taxes in full, unlike hedge funds +* People have mentioned how at this point, when so many people have purchased GameStop including large institutions as well as international investors... doing something to stop the squeeze instead of letting the market operate as it should, would cause widespread distrust for the American market, not just for retail traders but for big financial institutions too +* In addition, some people are saying that the SEC, DTCC, etc. are actively preparing for the squeeze to happen, and rather than planning to stop it, ~~are putting~~ **have put** things in place to keep innocent people safe from the fallout + +# A global event: We are not alone + +* There are billboards and traffic signs that support holding GameStop stock, which shows how big this thing really is +* There are huge institutions involved on the long side (Such as BlackRock). Don't feel like retail is alone on this one. Some big guys have skin in the game / want the squeeze too +* DFV exercised his options, AND bought 50k more shares at market price, and now he holds 200k shares +* Ryan Cohen also owns 9 million + shares +* It is believed that institutional ownership of GME is 100% or more of the float (FINRA previously reported 200%) +* It is believed that retail traders own 100% or more of the float (Actually it is believed that Superstonk alone owns the float) + +# *Long term value / Market cap for ecommerce + +I and many others feel great about our investment in GameStop not just because of the impending squeeze, but also because of the overall value of the company, considering it's recent transformation, and the even bigger transformation to come. + +When viewing GameStop as an ecommerce company (which it now is), the market cap of the stock is actually quite low. The market cap would still be low for GameStop, at its highest price ever of $480. Chewy's (A pet supply company) current market cap is 30 billion , and Gamestop's (The Amazon of Gaming) market cap is 15 billion at $220 / share. Those are rookie numbers for GameStop's true value. + +# All shorts must cover + +When it comes down to it, since GameStop will not go bankrupt, all shorts must cover, and hedge funds have not done so yet. + +Hedge funds have shorted WAY more shares than are available in the float, which kicks the can down the road, but digs the hole deeper. + +🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀 + +&#x200B; + +https://preview.redd.it/fwa4imnec2271.jpg?width=500&format=pjpg&auto=webp&s=48c6367b8c9a3caf6a8a5dfd3576457563e22466 +As the title states, my sons are both in the hospital with RSV. One almost died last night. I only had 3 weeks of paternity leave which are just about up. I plan to speak to HR in the morning to make a plan but want to gauge my options. I will likely be told to use FMLA and New Jersey’s NJFLA with NJ’s paid leave. + +I make $12,000/m gross, approx $4,200 every two weeks after withholdings, including health insurance. I have $12k in savings, some recent credit card debt that I can balance transfer for 0% for 15 months so it’s a non-issue right now. $60k available credit. + +If I use NJFLA I will qualify for the state paid leave. Unfortunately it caps at $993/week so it will not replace my pay entirely and I’ll be forced to cut corners, which is why I’m posting here. + +In terms of expenses: + +•I have a mortgage equaling $2760/m on a house I bought in May with my mother (5br3ba2kitchens/mother-daughter), I split taxes with her so she sends me just under $600/m so I pay roughly $2200 and my share of the utilities is around $200/m. My MIL is living with us for the next six months and she does not financially contribute but we all pitch in for her essentials. + +•I have two cars, Hondas, one is $232/m and the other is $550/m, car insurance $211/m. + +•Most of my healthcare is entirely covered right now but I pay $250/m for my psychiatrist. + +•Groceries/food are around $700/m including a meal service for $83/week. (For my wife and I, the babies now, and my MIL). + +•I pay $60/m for water jugs (mainly for my wife and the babies). + +•I pay $90/m for a massage service (this is important to me). + +•I pay $300/m for life insurance ($1.6mil total term policies). + +•I pay $50/m for assorted streaming services. + +I may have missed some but I’m fried. + + +Full disclosure, I watched my son almost die last night and am a wreck. Now with two boys struggling I can’t focus on work and them right now and my family needs me. Any advice is appreciated. +Link to swaps csv for gme that I made: + +Edit updated link: https://we.tl/t-CY0X5q4wiT + +This is where I got the data: + +https://pddata.dtcc.com/gtr/sec/dashboard.do + +You need to install + +https://chrome.google.com/webstore/detail/always-disable-content-se/ffelghdomoehpceihalcnbmnodohkibj?hl=en + +In chrome on a laptop an enable it for the site or it won’t work correctly. (Edit: the DTCC site was written in 1995 and has inline JavaScript and modern browsers disable that by default that is why you need the plug-in) + +Can someone dig into this data and start tracking gme swaps on a nice website just like we track drs? + +There are a ton of contracts for difference for 100s of thousands of gme shares over the last month. I feel like this is the smoking gun for how they’re kicking the can. + +Naked Swaps, Yeah. SHF shorts the stock and enters into a CFD swap to remain neutral on the trade. The counterparty never properly covers the swaps by buying shares to cover the swap and they’re naked. + +https://twitter.com/jdyerart/status/1522658883738775554?s=21&t=wyhtd5KLQzmrsVOxSTUb_w + +Screen shot for those who are asking: + +https://i.imgur.com/tAnvXBM.jpg +&#x200B; + +https://preview.redd.it/ghfwo16um2m61.png?width=1426&format=png&auto=webp&s=8e920dca1c927d795eb30d90754a90018a359446 + +EDIT: IN THE GREEN FOR THE FIRST TIME! YOU RETARDS CAME BACK! +There it is regards. Ryan Cohen was considered an insider when selling his $BBBY shares. [\[Link here\]](https://www.sec.gov/Archives/edgar/data/886158/000092189522002498/xslF345X03/form413351002_08182022.xml) Now this confirms the swing rule or whatever the fuck it was called, where a portion of his profits will go directly to $BBBY's balance sheet. As well as, this considers the theory that Ryan Cohen sold his shares so GMERICA, GME or even RC Ventures can make a purchase of $BBBY or BABY without conflict of interest. Fuck you shills and Coke Rat Cramer. $BBBY no bankrupt, $BBBY squeeze imminent. + +&#x200B; + +Positions: 4,500 $BBBY shares @ $18.85 average +