diff --git "a/reddit_finance_43_250k_47.txt" "b/reddit_finance_43_250k_47.txt" new file mode 100644--- /dev/null +++ "b/reddit_finance_43_250k_47.txt" @@ -0,0 +1,10000 @@ + +I’d love your thoughts / some perspective… + +Like Munger I’m always looking to invert so I’d love to hear where my analysis (in terms of the numbers above I focus on) may be flawed. +*(clears throat) "ehem !"* + +First of all: Many thanks for all the great feedback you freaking apes gave me on my [initial DD](https://www.reddit.com/r/GME/comments/m7x2gq/dd_i_did_the_math_there_is_literally_no_doubt/) on r/GME. As some time *(around 1 month)* has passed and we have some new apes and apettes on board and some new information around my initial assumptions has been updated and revealed, I have decided to work on an updated version of my initial DD. So let's start right away, main changes are as follows: + +&#x200B; + +# UPDATE 24th April: + +The release of [GME's proxy statement](https://gamestop.gcs-web.com/node/18846/html) revealed some new figures around the floating shares. Using figures from their 14A, we end up with around **26.6m remaining floating shares**. (Please note that there are [some approaches that calculate with an even lower number of floating shares](https://www.reddit.com/r/Superstonk/comments/mxu7lj/gme_float_is_less_than_161m_and_retail_owns_more/), but lets stay conservative here). Credits to [u/thr0wthis4ccount4way](https://www.reddit.com/user/thr0wthis4ccount4way/) for putting this all together in a great [overview post](https://www.reddit.com/r/DDintoGME/comments/mxa8gy/everything_you_need_to_know_about_14a_proxy/). Also check out the subreddit this is posted in for some high-quality DD. + +In addition to number of floating shares I have updated and added a lot of brokers to get a more and more precise picture of the total retail situation. I dont trust Bloomberg terminal in any way regarding individual ownership as numbers are heavily distored due to this fuckload of synthetic shares being around. + +**Following brokers have been added since my first post:** + +* Saxo Bank, +* Lynx, +* Freedom 24, +* Hatch, +* Nordnet, +* Avanza, +* FP Markets, +* Questrade, +* Sharesies, +* Stake. + +&#x200B; + +**Following brokers have been identified as missing in my DD, but do not provide public information about user numbers:** + +* OnVista, +* Consorsbank, +* TD Canade Trust, +* CashApp, +* RBC, +* Passfolio, +* Firstrade, +* TradeStation, +* Citibank Brokerage + * Basically all major 'banks' that offer investment accounts. + +**Important: If you are investing with on of the abovementioned brokers, please reach out to them and ask about the total number of investment accounts (or even better about total number of users investing in $GME).** + +&#x200B; + +# Enough blah blah, lets dive into the (updated) DD: + +Okay fellow apes, listen up, here is some ~~fresh~~ **updated** DD straight out of the oven to feed your confirmation bias. 🚀 + +&#x200B; + +[tell me more about how you covered your shorts...](https://preview.redd.it/jb0ci8upv5v61.png?width=456&format=png&auto=webp&s=0254afd39d417b4e9e7477e90ce0ff6c31d9cc82) + +&#x200B; + +This is a screenshot taken today (24th April) from **eToro**: + +[Seems like we like stock, huh?](https://preview.redd.it/fjr101zt06v61.png?width=298&format=png&auto=webp&s=ee9cdeba51324ceae1c4a7a570986cb42cea0999) + +Not to mention all the posts and screenshots from other investment brokers reporting GME as their current top traded stock for the past month(s): + +[RBC statement for the month of March](https://preview.redd.it/umoi949rw9v61.png?width=645&format=png&auto=webp&s=c863c1172d6f7e77bff79d71f255d3d3cb2b3763) + +&#x200B; + +[selfwealth community checking in ! Thanks u\/Chabkraken for sending this screenshot ! ](https://preview.redd.it/ag5wbtxwy9v61.png?width=379&format=png&auto=webp&s=aeda81cdea380f7c243d0490d31426f7058a31e5) + +&#x200B; + +[Europoors doing our part over here !](https://preview.redd.it/15efd2y06av61.png?width=493&format=png&auto=webp&s=bfa03e15a6fa7958a36fd0dfc281a1906f7c83f6) + +&#x200B; + +[Fidelity checking in !](https://preview.redd.it/6ivowv9n6av61.png?width=636&format=png&auto=webp&s=ff31a8a41e079fc06f3349377e86e878472e9f94) + +So i thought to myself, why don't we take this percentage from eToro and try to get an estimation about how many apes in total are holding GME right now and see where some variables regarding shares per ape get us. Are you exicted? Because **I AM**, LETS GO! 🚀🚀🚀 + +I spent the last ~~hour(s)~~ weeks or so researching the largest broker firms and gathered their total user numbers. This list is **by far not complete** which means that the % held by retail investors could be **way way (!)** higher than my estimates. Please let me know if you have access to more brokers data and i will update my list. + +Some friendly ape posted a statement from neo-broker Wealthsimple, thats states a GME-ownership of [up to 14%](https://www.wealthsimple.com/en-ca/magazine/gme-data) (!) of their total users. Therefore I made assumptions regarding the share of users that invested in GME for each broker. For neo-brokers like eToro, Robinhood, Revolut and WeBull I went with an average of 10% GME ownership of all users. (*Also included a scenario for only 5% GME-ownership for neo-broker, as some apes raised concerns that my 10% assumption may be too far on the optimistic side. Considering eToro stats i am more likely to lean on my 10% assumption, but in order to deliver a differentiated view, have your 5% scenario)* + +Of course we have to consider that the average eToro/neo-broker user might have a higher risk tolerance and is more likely to invest in GME compared to the average boomer investor. So for 'classic' brokers that are more known for "passive investing" like Vanguard or Schwab I went with a lower share of users that are invested in GameStop. Some brokers from the Nordics report an ownership of [around 1.5% - 2.0%](https://www.reddit.com/r/GME/comments/m7x2gq/dd_i_did_the_math_there_is_literally_no_doubt/grebfmc?utm_source=share&utm_medium=web2x&context=3) of their users, so lets go with 1.5% for the classic brokerages. + +Okay, now that we have a vague feeling of how many GME retail investors we are, lets play with some scenarios. + +&#x200B; + +**Scenario 1: GME-ownership of 5% for neo-brokers and 1.5% for classic investment platforms:** + +[&#37; of remaining float that is held by retail \(Scenario 1\)](https://preview.redd.it/ajfhd4ij5av61.png?width=1387&format=png&auto=webp&s=869e246cbb4d59b58c7eaa1a4a937fab0ddbad5c) + +&#x200B; + +**Scenario 2: GME-ownership of 10% for neo-brokers and 1.5% for classic investment platforms:** + +[&#37; of remaining float that is held by retail \(Scenario 2\)](https://preview.redd.it/t7r6qb3c5av61.png?width=1387&format=png&auto=webp&s=778deb3aae10b2e804ce8737053a8146bb897904) + +As you guys can see, even with our lowest assumptions we easily land in the +100% ballpark. And consider that this list does not contain all of the existing stock brokers or banks that offer investment accounts! Real numbers should be way way higher! + +[ ](https://preview.redd.it/49ewa7zhc6v61.png?width=458&format=png&auto=webp&s=04278dd26bc661681ff5309a3a460ce172d8aaea) + +&#x200B; + +Also keep in mind that we have some huge individual whales among us, talking about u/DeepFuckingValue, u/HeyItsPixel, u/xeisu, u/Spielporn and many many more who hold xxxx shares. + +Oh no ! Looks like poor Kenny has to buy back our shares **multiple times now.... Anyway!** + +[retail whale has entered the chat](https://preview.redd.it/dnlupxapc6v61.png?width=453&format=png&auto=webp&s=abac0532067c75ce8b4420dfd6e4ca435c19bf69) + +**IMPORTANT:** If you have access to more detailed data regarding number of users or even GME-ownership for a specific broker, please let me know via dm. There are too many comments here and it's hard to keep track of all of them. And please add your source (link or screenshot) so I can publish this here as well. + +&#x200B; + +THIS OVERVIEW WILL BE UPDATED ON A REGULAR BASIS, SO MAKE SURE TO FOLLOW!! + +*(no financial advice in any way)* + +&#x200B; + +**EDIT 1 (25th April):** + +First wave of comments and suggestions came in over night. Fixing some typos, updating numbers and adding brokers: + +Thanks u/InferiorMonkeyRobot, u/MAD_broker, u/AdministrativeTurn84 for an update on Avanza GME-Investors, checking in with [22,202](https://imgur.com/LVanuPA) (+500 since last post). + +Thanks u/binge360 for pointing out missing broker Hargreaves Landsdown. Added to the list. + +Thanks, u/Icy_Rhubarb2857 for sharing most traded stocks from [RBC statement for month of March](https://inspiredinvestor.rbcdirectinvesting.com/en/di/hubs/investing-academy/article/top-10-traded-stocks-in-march/kkr40d4p?utm_source=newsletter&utm_medium=email&utm_campaign=Newsletter51). + +Thanks, u/Chabkraken for pointing out missing broker Selfwealth and sending through a screenshot about GME being traded as #1 stock. + +**TA;DR** 🚀🚀🚀: + +There is no way that retail holds less than 100% of the remaining float, the actuals number might be much (!!!) higher, maybe even in the 1000%+. Buckle up, because this rocket is about to enter fucking lightspeed! 🚀🚀🚀 + +&#x200B; + +>It costs you nothing to hold, it costs them everything to cover. +> +>u/InForTheSqueeze, 2021, lelz + +# 🚀 + +&#x200B; + +**Sources:** + +[https://www.fidelity.com/about-fidelity/our-company](https://www.fidelity.com/about-fidelity/our-company) + +[https://about.vanguard.com/who-we-are/fast-facts/](https://about.vanguard.com/who-we-are/fast-facts/) + +[https://www.brokerage-review.com/online-brokers/largest-online-brokers-by-size.aspx](https://www.brokerage-review.com/online-brokers/largest-online-brokers-by-size.aspx) + +[https://fortune.com/2021/02/02/robinhood-stock-trader-revolt-webull-alternative-china-app/](https://fortune.com/2021/02/02/robinhood-stock-trader-revolt-webull-alternative-china-app/) + +[https://www.businessofapps.com/data/revolut-statistics/](https://www.businessofapps.com/data/revolut-statistics/) + +[https://www.businesswire.com/news/home/20180911005141/en/Merrill-Edge-Hits-200-Billion-in-Assets-Under-Management](https://www.businesswire.com/news/home/20180911005141/en/Merrill-Edge-Hits-200-Billion-in-Assets-Under-Management) + +[https://www.comdirect.de/cms/ueberuns/de/presse/monatszahlen-april-2020.html](https://www.comdirect.de/cms/ueberuns/de/presse/monatszahlen-april-2020.html) + +[https://www.interactivebrokers.eu/de/?f=564](https://www.interactivebrokers.eu/de/?f=564) + +[https://flatexdegiro.com/en/company/who-we-are](https://flatexdegiro.com/en/company/who-we-are) + +[https://finanz-szene.de/digital-banking/trade-republic-duerfte-schon-um-die-500-000-kunden-haben/](https://finanz-szene.de/digital-banking/trade-republic-duerfte-schon-um-die-500-000-kunden-haben/) + +[https://en.wikipedia.org/wiki/Freetrade](https://en.wikipedia.org/wiki/Freetrade) + +[https://www.wealthsimple.com/en-ca/magazine/gme-data](https://www.wealthsimple.com/en-ca/magazine/gme-data) + +[https://www.interest.co.nz/personal-finance/108826/thousands-nzers-partake-gamestop-movement-sharesies-users-alone-make-20](https://www.interest.co.nz/personal-finance/108826/thousands-nzers-partake-gamestop-movement-sharesies-users-alone-make-20) + +[https://www.home.saxo/about-us](https://www.home.saxo/about-us) + +[https://www.lynxbroker.de/](https://www.lynxbroker.de/) + +[https://de.freedom24.com/about](https://de.freedom24.com/about) + +[https://www.hl.co.uk/investor-relations/key-financial-data](https://www.hl.co.uk/investor-relations/key-financial-data) + +[https://inspiredinvestor.rbcdirectinvesting.com/en/di/hubs/investing-academy/article/top-10-traded-stocks-in-march/kkr40d4p](https://inspiredinvestor.rbcdirectinvesting.com/en/di/hubs/investing-academy/article/top-10-traded-stocks-in-march/kkr40d4p) + +[https://themarketherald.com.au/selfwealth-asxswf-finishes-december-quarter-with-yoy-revenue-growth-2021-01-12/](https://themarketherald.com.au/selfwealth-asxswf-finishes-december-quarter-with-yoy-revenue-growth-2021-01-12/) + +&#x200B; +Today is cool. It’s my first ever payday as a full-time employee for a legit company. At the same time, small investments I’ve made over the last couple months are peaking a bit this morning. + +So I’ve got like... $2k. It’s the most money I’ve had at one time except for one summer after working on a weed farm. I’m freakin rich! + +Edit: hey thanks for the love and advice everybody. + +I am treating this very meagerly and slowly working to build a better life. I know I’m not rich in the grand scheme of things and there’s a lot of progress to be made. + +But 6 years ago I lived semi-happy in a tent at the best of times and was a suicidal drug addict at the worst of times. Having any money feels good, but having a relatively high-paying steady job with benefits and room for advancement and the mental state it’s taken to reach this point where I’m not withdrawing my memestonk and doge gains to buy opiates is what makes me feel the richest. + +Love to all of you. +I am 29, I work in startups, and I see everyone absolutely losing their shit right now. Some of the best names in small-cap tech (Shopify, Snowflake) are down \~70%. + +My personal Net Worth (mostly index funds but probably 25% crypto + tech stocks) is down from \~$775k start of the year to \~$550k now. I'm worried my high-paying job may not be there in a year so am thinking of looking elsewhere, but I love my team, company, and our mission. + +a) **What was your story going through and emerging out of the dot com bust?** + +b) **What was the difference between you recovering quickly, both financially and emotionally, relative to your peers** (presumably you're on r/fatfire for a reason) + +Any advice you would impart to someone in their late 20s/early 30s in tech entering this macro-environment? +I feel that I have a basic understanding of money and investing so I keep it simple. I bought property on a loan, I own quality dividend stocks (and buy more when they dip) and put a monthly amount into index funds. All fine. I make six figures on a salary so it‘s enough to live comfortably and they way I invest will most likely guarantee a safe retirement in my late 50‘s and to support my parents who don’t have much. + +However it feels that some people know „tricks“ that most of us (including me) don’t know? Recently I spoke with a colleague who bought as much property as he could when rates where low to „leverage“, a term that is often used money-related to my understanding?! + +Obviously rich people have access to tools and networks that are hidden from most people. But that cant be the whole answer. So: + +What are principles and strategies I/we can adopt to do better? + + +Thank you for taking the time to answer. +Hi all, I would like to hear your opinions on this. + +Me and my wife have the money but have decided to hold off buying as the stamp duty holiday has caused prices to sky rocket past what you would save from the tax break. We feel that when the stamp duty holiday ends the house prices will normalise and all those who purchased prior will end up losing much or if not all equity in the property. + +My reasoning for this argument. +1. Less demand to buy after tax break ends. +2. End of furlough scheme will begin to show the real damage this pandemic had had on the economy. + +My reasoning against this argument. +1. We are looking to buy in a sort after and historically expensive town. +2. More people will be moving further out from london due more people working from home. +Something big is about to happen. To anyone out there nervous, scared, and uneasy just relax. Your money is in good as it will ever be. The reason why you bought has not changed, quite frankly nothing has changed. Retail is not going anywhere, and the more we build up to the shareholder meeting the more aggressive these corrections are going to be. + +Month out of a stock split and you’re watching some of the most aggressive crashing I have ever seen. The amount of liquidity that is going to be needed to handle the FOMO of GME, oh my. Hang in there, if anyone needs someone to talk to my messages are always open. +Welcome to the Daily General Discussion thread of /r/EthTrader. + +*** + +Thread guidelines: + +- Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss altcoins in the Daily Altcoin Discussion thread. +- All [sub rules](https://www.reddit.com/r/ethtrader/about/rules/) apply here so please be familiar with them. + +*** + + Resources and other information: + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! + +* Payment Protocol: The platform through the payment protocols handles all the end to end payments between buyers, sellers and consumers on the platform. This is done through an outside insurance policy that covers the process. Also, it supports the change of fiat and cryptocurrency, thereby bridging and creating a secure online shopping experience for users. + +* Incentive protocols: of As a full community platform, the ecosystem encourages the active use by the community and the further growth of the community by linking more consumers, sellers, and manufacturers and also get incentives for it. As users of the platform transact more on the platform, the value of the platform continues to grow. The sellers, consumers, manufacturers will all get incentives for their contribution to the further growth of the platform. + +* ApolloX Protocol Smart contract module: As a decentralized e-commerce platform, ApolloX employs the use of the blockchain smart contract technology to oversee the transactions of money and sensitive information. All other inherent functionalities are developed and derived on the use of the smart contracts to build trust, speed, transparency and a one-stop solution platform for the online E-commerce needs. + +* Arbitration Protocol: The ApolloX Arbitration Protocol employs the use of a deposit challenge vote method to solve the issues of disputes when parties are involved in any sort of disagreements. The method works with one of the parties opening a case by depositing some of the platform's token, the other party does same to solve the issue. + +* Oracle and Data Protocol: As a platform for e-commerce business, the platform operates using a series of outside information including advertising data and logistics data. All these are provided through the blockchain smart contract as trusted data through the ApolloX oracle protocols. The platform protocols open APIs for integration with other already existing logistic providers and advertising firms, like the preparation and ready accessibility of tracking numbers and delivery status will be on hands on the ApolloX mobile application through the work of the Oracle protocol. Advertisement data, such as attributions, will also be honoured and recorded with each order on the blockchain. All this will be done through the careful vetting done by the community before gaining any access to the protocol. + +* Reputation Protocol: The platform integrates the use of a trustable review system for products and sellers. Products sellers will get incentives for providing high-quality goods and also get high-quality reviews from the protocol. Poor reviews and pena9will be dished out to sellers and users with fraudulent behaviours. + +* Community Built Protocol: Soon all ApolloX members can build their own protocols that will best serve and advance the ApolloX community. For more information on AppolloX visit the website: https://www.apollox.network +Read an article on MSN about why you shouldn't pay off your mortage. One claimed reason was this: + +" The main reason people try to eliminate their mortgage is that pesky monthly payment. Let’s say you bought your home with a 30-year fixed mortgage and paid every month on time without refinancing. The month after your last mortgage payment, you still have to make a payment on your house. This time you are paying your taxes and insurance. What was once conveniently saved monthly for you by your bank or lending company is now your responsibility. Thus that pesky monthly payment you tried to alleviate continues. It is proven that an affordable mortgage payment helps individuals and families run and maintain a personal financial budget. It just helps everyone plan and maintain a financially healthy mindset." + +How can someone possibly get paid to write this trash? + +It's STILL my responsibility to pay taxes and insurance even when I had a mortgage. I've ALWAYS had to come up with the money. And then he's claiming "your payment continues". Yes but it's drastically less because I'm not paying principle and interest dumbass!!! + +Hi everyone. I’m a single mother of 2 in my late forties. I can’t have a job because of my son’s severe medical needs which has been my priority for the last 10 yrs. My parents left me with some sum of money that I’ve been living from. I bought a house in cash so I’m not paying mortgage. Im debt free. The only income I have is from another property that I own which is rented. I have money in my savings acct that’s been sitting there for years now. I think it’s time I put it in ETFs for the long term. Now mind you, I’m not a citizen but I am a resident and I pay taxes. + +After reading so many posts here it turned out a Roth IRA would be a great option. Unfortunately I discovered that I can’t do that because my only income is from property. So that’s out. And now I’m kind of stuck. After reading many many posts I decided to do this: 50%VTI 20%VXUS 10%QQQ 10%QQQJ 10%ARKK using $50k of my savings. Is that wise? I fell into the GME bandwagon and even though I came out unscathed, I realized it wasn’t for me. Would love to hear any feedback. I feel I’m entering the market pretty much late in life. I wish I knew better but life just happened. Thank you in advance for any comments (pls be gentle). I truly appreciate it. +So when I was born my grandparents invested stock into apple with the intention of giving every penny to me when I turn 18. They got lucky, and now I am going to have over 70k transferred to me soon. + +I have no debts, no monthly payments to take care of (yet), and I just wanted some thoughts on what I should be doing to ensure I don't lose it and how or what to invest in. I'm not planning on splurging on anything with it. My first thought that my dad brought up was to maybe invest in property in another state and charge rent for people to live in it. We still don't know if the money is in stocks or if it's been cashed out yet. + +Edit: Holy moly guys I went away for a couple of hours and this absolutely blew up. Thank every one of you for the advice, really appreciate it everyone! I've been in college for a year now but everything's paid for and taken care of. + +P.S. My grandparents live about 30-40 mins away so we do visit often! +Oh no wait, I just walked past a mirror 😂 + +&#x200B; + +I have no rightful clue why so many stories about these "chance encounters" are popping up recently, but all of them seem to share the same sentiment. "He thinks we're nuts but I know we're right" or "he laughed at me", etc. Could be true, could be tricky FUD. Tell you to hold, but at the same time, imply that everyone "in the know" or with any experience in the industry thinks you're delusional. + +I've not shared this story in full until now, because I know what you know deep down: no amount of industry experience makes you any better at identifying and acting upon fraudulent behavior than the average global citizen. If you're capable of rational thought and possess any wrinkles whatsoever (don't worry, wrinkles can be grown, as most of you exemplify), you're on even terms. These guys are either in on the ruse, or they're in denial. They don't want to think about what this means for their industry if true. + +I grew up around this industry. My father, who grew up with nothing, had to claw his way in and up the ladder. Thankfully in a sub-field with minimal potential for fuckery, because I've always seen him as a virtuous person, and I would have hated to be proven wrong. So naturally, I wanted to follow in his footsteps. After a BS and an MBA from prestigious institutions, I worked my way into a VP position at a well-known firm on the Street. As I've delved into before, after seeing how the sausage is made, I began a slow spiral into alcoholism, and I knew if I didn't get out, it would eventually kill me. + +But that's neither here nor there, and as buddies like /u/jsmar18 or /u/oaf_king will tell you, it's not to brag. I'm sad that I lasted even a few years perpetuating such deplorable activity. I only speak of this to illustrate the ludicrous nature of lending so much credence to the words of some unknown "professionals", especially ones no longer in the game. While I'm out of the game, I still keep pretty a pretty good tab of what's going on across global markets, and I myself had no idea this was coming. I had no idea it was even possible. + +When I was on the Street, I had NO CLUE this was going on to this degree. None. This behavior is originating at the highest levels of these firms, and nobody further down the chain ever gets a full picture of what's going on. Superstonk loves to talk about these guys using intel/counter-intel and propaganda tactics, well this is a perfect example. They don't just do it to us, they do it to their own employees. Compartmentalization. Give each low-ranking person JUST enough information for them to do their jobs, without being able to see the gravity of the shitstorm they're working to create. + +I have never, and I mean NEVER, been more impressed by a grassroots movement in my life. I came of age as the internet was still in its infancy, and THIS is precisely the type of movement that we used to daydream about being possible one day in the future. And the most insane part to me is that you're doing it all with IMPERFECT INFORMATION! We have to cobble together bits and pieces of old or incomplete data from a myriad of sources to get even a fraction of the information these guys have at their disposal. And yet you've overcome those disadvantages with sheer will, determination, and the dream of a better world. + +I have never been more proud of a group of people I've never met. Thankfully, I'm young enough to have learned that "internet friends" are every bit as valid as those that just so happen to reside within your geographic proximity. The guys I named above, and many, many others, are people that I am certain will be friends for life. There are some SERIOUS fucking wrinkles around here, and not just those with prior Finance experience. We've got data scientists breaking down how HFT algorithms work, psychologists clinically validating hunches we have about behavior, mathematicians creating their own technical factors, etc. This place, despite all the FUD and random memery (which can actually be a welcome reprieve that hardens the diamond hands), is a fucking paradise of discourse, and I want you to know that. If I were sitting back at that desk on the other end of this trade, seeing what I was up against, I would be positively mortified. + +&#x200B; + +**TLDR: At the end of the day, I suppose a lot of us live in the shadows of our fathers. I went to good schools, he went to better ones. I lasted a few years, he retired comfortably after 15. So naturally, doubting my own capability, I took GME DD to him in February. After all, he's the guy mentioned by name in a Michael Lewis novel. He read** /u/atobitt /u/jsmar18 /u/oaf_king **turned around, and bought 10k shares in the 40's. A week later, it shot to 170, and his broker (yeah, he still uses one of those lol) called him, asking "what do you know that we don't know?!" For what it's worth, a true Wall St OG is HODLING right alongside you, and his significantly more retarded son is as well. And once this is all over, I'll be posting some victory messages from the OG himself! Love you all. Stay strong. 🙌💎🚀❤** + +Edit: soon as /u/jsmar18 is online, I'll have him verify my story for yall. +RC has been coming in hot with these BCG tweets. And it has brought to light so much about BCG and their connections with a lot of the fuckery that has been going on. I feel like Papa Cohen knows something more about BCG, and is actively putting the spotlight on them so we can figure it out. Every day we see some kind of connection between BCG and Shitadel, or some bigwigs in Wall Street. Could it be that exposing BCG will be the first step to MOASS? It has already been established that these hedgefucks and their cohorts are fraudulently rigging the market to their favor and BCG is well connected to a lot of the big players in the market thanks to a lot of the research in the bile that is the market. I think there may be something more. Something, that if brought out, could truly fuck over the SHFs and make them get some actual jail time. + +Either way, even if sooner or later, MOASS is inevitable. They can kick the can day after day, but it doesn't stop the fact that shorts have to **close**. +Pretend 25 years into the future you plan on retiring tomorrow. Presumably the value of XEQT will be ~~$35~40+~~ *edit-higher for each share (~24 ish right now). Basically you would sell all the shares for hopefully a nice profit. Would you then just transfer your now liquid cash into your chequeing from your brokerage and your good to go ? +Few follow up questions +1. If the shares are sold from the TFSA which I feel most people will do. Everything is tax free so I just keep all my profit ? Is there anything I would need to worry about for taxes? Or claims for the yearly income tax report ? How much of my pure profit will I actually get to keep ? +2. How would this differ if the investments are being withdrawn from the RRSP? + +TLDR; what realistically happens when you decide to sell all your XEQT shares and withdraw all your cash from both the TFSA and RRSP ? +Hey there, dildos and dildettes. I normally keep my DD to myself and my friends, but if I can convince my cautious anchor to reality that GME is going to the moon, maybe I can help you do the same. + +If you don't have someone keeping you grounded and real, you should. Fiery passion only beats cold hard facts in Julie Garwood novels and succubus hentai. + +**OBV** + +OBV = On Balance Volume and typically it follows the price movement closer than Citadel interns follow this sub for the latest image of Kenneth as an alien covered in nipples. (You fuckin weirdos) + +Here's the OBV on some stocks that mean something to normal bipedal hominids: + +[FB](https://imgur.com/gallery/4IMydAK) + +[NIO](https://imgur.com/gallery/KUbCzyN) + +[AAPL](https://imgur.com/gallery/e8smoN5) + +[SPY](https://imgur.com/gallery/ucCmYAY) + +Very clearly you can see that the price movement and the OBV need to get a room. Now let's look at the OBV of GME. It should have the same line as the one on your RH homepage right? + +[DatBoi OBV](https://imgur.com/gallery/mldjnYn) + +Fuckin WRONG. Now I know what you're thinking: + +>But u/OverlordHippo how can you call us dildos when you didn't even crop your screenshots. + +Blow me, I just realized it and I'm not redoing it. + +*So, what's the formula that turns numbers into lines here?* Come on now, let's not pretend you'd understand it. Think of it like this though; There are daily posts showing the buy/sell ratio being a win for the Apes. The OBV confirms that. + +*What does this mean?* Look at the GME picture again and imagine the price movement continuing the way it should have without the good old fashioned HF fuckery. It looks like it should be sitting around $550. + +That's $550 without any shorts covering. Shorts covering equals = buying. Buying = price goes up. OBV shows buying is dominant, yet price goes down = shorting enough not to just stop it from going up, but to push it down significantly. Tits = Jacked. + +**Beta** + +We're not talking about your personality here. We're talking about a stocks relationship with the rest of the market. The market beta value is hard set at a value of 1. + +If a stock has a Beta value greater than 1, it's price will move in relation to the market's movement, but to a greater degree. If a stock has a Beta value lesser than 1, it's price will still move in relation to the market's, but to a lesser degree. It's rare, but a stock can have a negative beta, which means that it has an inverse relationship with the market. + +Most stocks hover around the market value. Best buy is 0.82, Amazon is at 1.11, that sort of thing. The stocks within the market as a whole typically move together. You see those posts with all the red squares when the nasdaq has a shit day. Good days and bad days evened out and extraneous events aside (like some CEO gets caught on a zoom conference with a fleshlight/nipple clamp combo in his desk drawer shaped like a scorpion) the market moves in tandem to the stocks that comprise it. + +Here's some boomer piece talking about how stocks with low Beta are a great way to hedge your portfolio against market volatility. + +[Lowest 5 Beta stocks of the S&P 500](https://www.suredividend.com/low-beta-stocks/) + +In there you'll find such classics as *Johnson and Johnson* and *Proctor and Gamble* the kind of stocks that are less exciting than re-uploading screenshots that you forgot to crop. The point being that the lowest Beta of the SPY is Walmart at 0.36. + +That's the extreme outlier of stocks considered relevant. + +[Here's GME](https://www.infrontanalytics.com/fe-EN/34916NU/GameStop-Corp-/Beta) + +-5.62... Not just 0.069, not -4.20, but -5.62. + +Basically the market could implode and GME is going surfing the waves of the tears of everyone who doesn't have some. Someone should buy an ad on NPR or a commercial during MASH reruns about hedging your portfolio with GME against market volatility. Our granpappy's will be burying shares of GME in the woods behind their houses and shit. + +*Are we the boomers now?* I fuckin guess so. It's going to be hilarious saying: + +>You should've hedged properly against this volatile market by buying something safe like GME. + +So there it is. Data driven proof of price suppression and certified boomer approval of portfolio hedging strategies against market volatility all wrapped into one tasty package. + +**Summary/TLDR** + +OBV and Beta definitively show that the price is both heavily suppressed and that GME is a safe haven in a volatile market. Not only are we correct in our reasoning, we're in a financial lifeboat rowing away from the sinking Titanic that is the market. + +If that doesn't convince the skeptics in your life, then name your yachts after them or something. + +**TLDR for those who can't read** + +🚀🚀🚀💎🤲💎🍆🐜🚀🚀🚀 + +**** + +**Edit**: Lots of dildapes out there twiddling their neckbeards and saying things like + +>OBV and Beta can't be used to predict price movement, they're made up of data from previous price movements. + +Congratulations, you just described literally all of technical analysis. *No shit* it's made of data from the past and present. It's not like it's made up of data from the future, McFly. MACD, RSI, Stochastics, candlestick patterns, and the skidmarks in your briefs are all entirely comprised of prior movements and used to predict future movements. Even the skidmarks. **HELLO** you already almost shit yourself... Are you going to try and sneak out another one? + +**Edit Part Deux**: I see a lot of different Beta values being posted from different sources. Yahoo Finance shows -1.94 and the Bloomberg terminal shows -bazillion. *Which is it?* As some have said, some sources don't include AH trading, so who knows. It's probably something closer to zero than the overpriced boomer machine that runs Windows '69. But, with information as it is for us lowly peons of the financial world, who tf knows. You can bet your Shrek box set on the fact that if even Yahoo Finance says it's *pretty* bad, it is really fuckin bad. +After completing my 4 year degree, I purchased 4 books in semester one. I realised throughout the semester that I'd used the books maybe 3-4 times (typical student). The cost of the books, $300, didn't seem feasible. +I looked into other avenues and found that the library has most books available for short (3-7 day loan). You can also scan a certain number of pages (I think it could be 10% - I'm in Australia - check this to ensure you aren't doing it illegally) and just scan the select few you need at the time. I did this successfully throughout my degree and found it rather easy and no major effort at all! + +By doing this, I spent approximately $50-100 for my remaining 7 semesters. In comparison, my colleagues spent $2500-3000 for the same educative experience. + +For those books that you absolutely need, either borrow from a friend, or buy second hand. You can save hundreds, if not thousands this way also! + +TL;DR - Books expensive. Borrow from library. Paid $300 buying books Sem 1. Spent $50-100 for remaining 7 semesters through borrowing/scanning pages I needed (see above for legal issues - unsure if countries have different laws). Colleagues spent $2500-3000 over the four years in comparison. +↪ Introduction ↩ + +Safe Galaxy 🪐 is a deflationary, static yield farming, automatic liquidity generating token on the Binance Smart Chain. + +↪ Statistics ↩ + +✨ 85K+ holders + +✨ 70M $ market cap + +✨ 5.5K reddit community + +✨ 6.5K discord members + +✨ 11K telegram members + +✨ 2M $ 24h Trading Volume + +✨ 20K watch lists on CoinMarketCap + +✨ Signed Partnership with FaZe Clan + +↪ About ↩ + +💰 1,000,000,000,000,000 Initial Supply + +🔥 384,952,877,618,276 (38%) Tokens Burned + +🤝 Tokenomics: 10% Fees (5% distributed to holders, 5% split into SafeGalaxy-BNB liquidity pool) + +✅ Smart contract audit passed! + +↪ Exchanges ↩ + +PancakeSwap (Trade) Indoex (Trade) Swft (Trade) CoinTiger (Trade) CoinMarketCap (Listing) Coinbase (Listing) CoinGecko (Listing) + +↪ Galaxy Swap & Galaxia ↩ + +The future of Safe Galaxy looks very promising. Developers have huge plans. + +They are releasing their own Decentralized Exchange called Galaxy Swap in the next few weeks! + +Check out the preview [https://imgur.com/a/nXNGILq](https://imgur.com/a/nXNGILq) + +With this new exchange, a complementary token will be launched : Galaxia. + +Galaxia is an inflationary token with several use cases : + +Will provide liquidity to host new projects (ala pancake swap) + +Will allow farming/staking of SafeGalaxy to earn Galaxia or other tokens + +Flash Loans, DeFi Mortgages, etc. possible in the future! + +⚠️ All of the first 100K holders of Safe Galaxy will have the ability to claim 100 Free Galaxia tokens for the first 15 days after launch. That's 1,500 Free Galaxia just for Holding! ⚠️ + +↪ Team ↩ + +In one month, the team has grown up pretty fast. Many people are working on the project. + +Moreover, we recently hired a marketing team that will advertise SafeGalaxy through all social medias and keep the hype alive ! + +Check out all the developers on the official website + +↪ Socials ↩ + +Website: [https://safegalaxy.net/](https://safegalaxy.net/) + +Team: [https://safegalaxy.net/team](https://safegalaxy.net/team) + +Discord: [https://discord.com/invite/dq7m6R7UAz](https://discord.com/invite/dq7m6R7UAz) + +Twitter: [https://twitter.com/SafeGalaxyToken](https://twitter.com/SafeGalaxyToken) + +Telegram: [https://t.me/safegalaxychat](https://t.me/safegalaxychat) + +Chart: [https://dex.guru/token/0x6b51231c43b1604815313801db5e9e614914d6e4-bsc](https://dex.guru/token/0x6b51231c43b1604815313801db5e9e614914d6e4-bsc) + +Verified contract: [https://bscscan.com/token/0x6b51231c43b1604815313801db5e9e614914d6e4](https://bscscan.com/token/0x6b51231c43b1604815313801db5e9e614914d6e4) + +As you can see, Safe Galaxy is not another meme coin. It is based on a solid project that has concrete goals and use cases for the future. + +Hope you'll join us as a new Galaxian! See you soon +I'm in crypto since the birth of BTC. About 2 to 3 years ago, when Ethereum was traded at 1 USD (yes) I moved all my BTC to ETH and didn't look back. From then to now, I've watched my small investment grow to millions in almost no time. I didn't sell a cent, I didn't even move my Eth at all, even after watching it go from 1400 back to 80 usd again. Why? Let me show you one thing. + +https://www.reddit.com/r/ethereum/ + +This thing. Take a look at this. At any time of the day, at any day of the week. Compare it to https://www.reddit.com/r/bitcoin, or https://www.reddit.com/r/btc, or any other subreddit in the world. Tell me any other subreddit that looks like that. While other subreddits spend most of their time and resources on random political discussions, Ethereum keeps silently building the new world economy, and you can watch that, live, on that subreddit. + +Have you seen DAI? The fact a fully decentralised stable coin and margin market survived the most extreme crypto winter in history is almost a miracle. You may not remember but that was one of Crypto's biggest flaws and now we have the solution for it. On Ethereum. And it just works. + +Have you seen StarkWare? It is easily the most advanced real cryptography company in the world, they're building snarks/starks which are essentially the philosopher's stone of crypto, they subsume and generalize almost every other cryptographic primitive as a single fundamental primitive, and guess where it is being built? Ethereum. + +Have you stopped to think how much of the top 100 currencies are [Ethereum tokens](https://coinmarketcap.com/tokens/)? + +I could go on and on, but the point I'm trying to make is something everyone silently knows. Bitcoiners know it, Bitcoin Cash enthusiasts know it, alternative coin enthusiasts know it. The entire field feels like a shill playground right now, all the loud kids trying to pump their favorite coin, while the "serious adults" work. While progress on every other coin has pretty much stagnated, an entire decentralised economy is being built on Ethereum, right now. What has Bitcoin accomplished in the last 3 years? And what Ethereum has? The most exciting new tech they have is LN, but they forget that there is no point in having an ultra-fast decentralised currency if all services built around it are centralised. And that's exact how things work today: for every centralised Bitcoin service or app, there is a decentralised Ethereum smart contract. Now, take a breath and think honestly: if Satoshi was alive right now, what project would he be proud about? + +The only thing that could put doubt on my mind that Ethereum will soon take the first place is if we had another smart-contract project capable of competing with it. And what we got? EOS, fully centralised. Cardano, a beautiful project, but still vaporwar'ish; even if it delivers innovation, it has 2-3 years of dapp-development / network effect to catch up, which will probably not happen, since Ethereum can easily adopt any of its innovations anyway. Rootstock failed to deliver. What else? Nothing. Despite many attempts, it is clear nobody managed to put a competition to Ethereum. + +As soon as Ethereum starts showing clear signs of strength, it isn't stopping. It almost passed Bitcoin once, and it is clearly a matter of time until it does. I have no doubt of that. That's why I didn't touch a single coin I hold: as long as Ethereum is still behind BTC, I know there is room to growth. Surely, if it passes Bitcoin tomorrow, it'll still be far from its ATH. But that's my personal benchmark. As soon as news start noticing about "what is this Ethereum thing that everyone is talking about", then I know it is time to sell some of my stake. Some, of course, because, after that, the fight will then be Ethereum vs USD / EUR. And I know who is winning that too... +I’m interested in investing my money into a property and making a profit. Just wondering what would be the best way to get into selling/ renting homes? I’ve been doing research on whole selling and flipping. Just looking for advice on what would be a good investment at this age with little money. +Libertarians love Friedman for his beliefs if liberty and freedom. I've seen even neoliberals and democrat economists claim that he was influential and intelligent. If they truly felt that way, why do they ignore most of his teachings? The only people that seem to follow his line of thinking are the austrians and they don't seem that well respected. +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). +We figured if we are going to drop $8000 over the course of a year (possibly all in a few months) is there a great credit card that would be worth the rewards? Possibly something that could help pay for a portion of our honeymoon to Scandinavia (flight or hotel). + +We don’t need to put our wedding on a credit card as we have saved up and could pay cash. We both have great credit. + +Also please save all wedding lectures about it being a waste of money to yourself. We do very well and 8k is modest for what we are getting. + +Thank you!! + +Edit 1:: I didn’t expect this to blow up. Thank you all for the advice. A few things I’d like to say. + +Thank all of you who broke down the numbers for me! I have a lot of great options. This has been my first really positive experience on reddit. + +I’d like to clear up some things people didn’t read correctly in my post: + +-I am not taking out any loans!!! I have the money and could pay it all in cash right now. I tutor as a hobby and side income and it has been very profitable over the last few years. This wedding is being paid for by my enjoyment of teaching children math. + +-I am not going use any referral links so stop sending me messages with them + +-I understand some people think weddings are a waste of money. But this money is literally extra and I’m not sacrificing a shred of happiness, time, or other expense paying for it. My fiancée and I are very excited to celebrate our love with a small group of family and friends modestly and intimately. + +Edit 2:: + +-I will post to r/churning on Wednesday when I’m allowed (they are strict) +- the main venue cost has already given us a 25% discount so asking for a deeper cash discount is greedy. Though we might do that for some other stuff. + +Edit 3:: +- mod from r/churning reached out directly to me because of the popularity of this post. So thank you all (even the assholes) for making this post as big as it became + +-the Internet is filled with some really mean people who have sent me really mean messages. Sorry my wedding budget (which is super cheap) has offended so many of you. + +-luckily the internet is also filled with super amazing people who have been super helpful!!! I even gave my first silver to someone who deserved it. + +Edit 4: Thank you for the silver whoever you are! Although this post has been locked due to all the sour grapes in the bunch, I’m still receiving messages from very helpful people. + +And for all who are mad I’m getting married/spending/existing... the nice people that have commented/messaged out number you all by a large margin :-) + +THANK YOU ALL!!!! +I’m a relatively new investor and brand new to ETFs. I’ve decided to run with XEQT for my RRSP portfolio. I’m looking for something I can just put bits of money into over the next 35 years and forget about it. + +I have one concern and maybe it’s a stupid question but XEQT is managed by a company? What if that company goes under what happens to the ETF ? +I’m back and so is my fondness of the .00. I spent all week trying to shake the thought of it... but just as the return of 005 was, the return of .00 is inevitable. + +Speaking of .00, Did you know in June that 29% of our open, close, high, and low prices have ended in .00? 48 data points, 14 being .00 price points, 29%. That’s up from 15% in May and 13% in April. I didn’t know either until I gave up sleep for this. + +https://preview.redd.it/1t1ljk5qzo571.png?width=1066&format=png&auto=webp&s=03c7ca7bc4d04d648bd85743b0c809238ff70d87 + +Now, before you come at me with **why** the frequency of .00 price points are increasing with reasoning such as "as prices increase so do chances of .00 price points"... I know! This whole post will be dedicated to proving that even with certain understandings of why a stock might end in .00, **GME is a true outlier** (and you know what that means 🚀🚀🚀). + +Earlier this week I succumbed to my madness and had to see if my own noticing of .00 key (open, close, high, and low) price points was *frequency illusions* or fact. Frequency illusion, or [Baader-Meinhof Phenomenon](https://en.wikipedia.org/wiki/Frequency_illusion), is your internal bias that causes something to appear more often only after learning or noticing that thing for the first time. + +Before now, I thought I was simply seeing what I wanted to see. You can check out [my previous post](https://www.reddit.com/r/Superstonk/comments/o002rs/feel_like_gme_closing_prices_are_ending_in_00/) to see what started it all, but a quick recap is that in 2021 GME has a 61.06% rate of having a key price point during a trading day end in .00. The average for the 18 prior years is 9.25%, last year was 5.14%. GME is seeing key price points at .00 more often, and the rate is increasing. + +I appreciate the love my first post on .00 received. I also appreciate the perspective that other apes were able to provide as my brain is smoother than the gelato my wife treats me to once a month. Since then, I’ve quadrupled my research in an attempt to directly address some of the top reasonings for .00 price points to determine if GME is following a trend that exists across all stocks or is a **1.00-of-a-kind** in just another way. + +**TL;DR: Buy & Hold. Read the title again too. I predict we will continue to see an abundance of .00 key price points as we approach the MOASS. GME is a true outlier and in my next post, I will be mapping GME’s .00 price point frequency to the FTD cycles.** + +This post is broken into sections each starting with a quick summary. + +&#x200B; + +**.00 | The Data** + +I’ve exported all my data from Yahoo's historic price exports. I love transparency. + +I am going to cover the following in this post.GME historical data from January 2002 to June 15, 2021 + +https://preview.redd.it/rqloapis1p571.png?width=1211&format=png&auto=webp&s=74931fdcbb473ce80a9d7d0f3c242c9ba8696ffd + +And the following stocks for comparisons and baselines.AMC historical data from January 2014 to June 15, 2021 + +https://preview.redd.it/9mm4ja572p571.png?width=1213&format=png&auto=webp&s=b9a9589e5ae5d122c6126534a62bef1935487fba + +TSLA historical data from June 29, 2010 to June 15, 2021 + +https://preview.redd.it/t98nk6yx1p571.png?width=1214&format=png&auto=webp&s=aa9ca359647049cbe302d86ed3f254db9b90d08f + +AMZN historical data from January 2005 to June 15, 2021 + +https://preview.redd.it/ukj589qkiq571.png?width=2190&format=png&auto=webp&s=f2d5405ed53e568480ac66bbca81761ca8e59639 + +OSTK historical data from January 2005 to June 15, 2021 + +https://preview.redd.it/low31kt12p571.png?width=1213&format=png&auto=webp&s=0305190e7cc57a21911f5ec1c61a525caeaa34eb + +AAPL historical data from January 2005 to June 15, 2021 + +https://preview.redd.it/n9pz56g42p571.png?width=1214&format=png&auto=webp&s=e0d024548ebf51cab8dbc71c134a33e24e16fe73 + +GOOG historical data from January 2005 to June 15, 2021 + +https://preview.redd.it/k4rjivwg2p571.png?width=1213&format=png&auto=webp&s=e3ac23ec63ee2c7ccb02537c1481fa71e2d9b52a + +NFLX historical data from January 2005 to June 15, 2021 + +https://preview.redd.it/nawin8uj2p571.png?width=1213&format=png&auto=webp&s=fbc6ac457470b897bb5b60d566cdf03e97edd206 + +&#x200B; + +**Reason for .00 #1.00 | As a stock price increases, .00 key price points are more common.** + +Is the statement backed by data: **Yes**. See below. + +GME Myth or Fact: **Myth**. Although the rate of .00 key price points has increased with the stock’s price, GME is trending 5-10x higher than the average stock for .00 appearances at price points greater than $100. + +Before I go into the numbers, I want to take a second to explain why this statement is reasonable to believe without first checking the data. If a stock is $1.50 it would require a 33% movement to hit a .00 key price point. If a stock is $15.50 it would only require a 3.2% movement. Therefore, it’s safe to believe that as a stock price increases that the occurrence of .00 key price points will also increase. + +That simple understanding wasn’t enough for this smooth brain of mine. I wanted to see just how common these .00 key price points were within different price brackets. I'm a simple ape that likes patterns and nice flat numbers. My TV volume is at a flat 20 and my stock will be at a flat 20,000,000.00 soon too, and I'll love every short moment of it before the rocket continues rising. + +For this experiment, I deemed testing and verifying using only the Open Price of GME and the stocks in my data pool would suffice. + +I tallied the occurrence of how many times each stock opened in my set price ranges and also tallied how many times each stock opened at .00 within my set range. This can be used to tell us the percentage of times my data pool opened at .00 within each price range. There were no surprises here: + +https://preview.redd.it/0zm3afp13p571.png?width=1138&format=png&auto=webp&s=52dbb7efacf91693a88bbd32a81b8bf10142eea0 + +Looking across all eight stocks, the percentage of time a stock opened at .00 increases pretty steadily as the stock price increases. + +This confirms the original believed statement that as the price increases so does the appearance of .00 key price points. *However*, we can see that **GME is a clear outlier**. Once the price broke $100, we’ve seen an increase in .00 appearances that is **unlike any other stock**. This tells us that we are not just seeing more .00 appearances in 2021 than previously, but also that GME is trending in more .00 at this price level than normal. + +&#x200B; + +**Reason for .00 #2.00 | Retail is more likely to place orders at .00 and GME is** ***THE*** **retail movement.** + +Is the statement backed by data: **No**. I was not able to find data on retail orders and if orders ending in .00 are more common. + +GME Myth or Fact: **Myth**. There is a lack of quantitative data on retail orders and there is no correlation between the percentage of .00 appearances in 2021 of GME (61.06%) and AMC (13.51%). + +Before we go further, I think it's important to understand the reasoning. The idea here is twofold: First, retail is more likely to place orders ending in .00, and second retail’s tremendous support of GME leads to a larger influence of the .00 price point. There is no exact data that I was able to find on the first point, and the second is conjecture based on the first. It’s tough to tackle this directly. + +First, for retail placing orders ending in .00, It’s unreasonable for me to come to any conclusion on this. I do see a large number of posts educating users on limit orders versus market orders. That tells me that the number of retail investors that are purchasing stock at .00 price points may be smaller than anticipated. There is also an affinity for .69 and 4.20 tail ends as well. Since I can't prove or disprove this, let's tackle the second part. + +For the second part, I would assume the same trend of greater .00 appearances due to increased retail support would also be seen in the movie stock. That wasn’t the case. + +A recap of GME's % of trading days with .00 appearances: + +https://preview.redd.it/bcm10wq93p571.png?width=721&format=png&auto=webp&s=c1aa3c1764c5add6ae589096fb8d9fc39ab188f3 + +And the other stock's rate of .00 appearances: + +https://preview.redd.it/stx1slea3p571.png?width=719&format=png&auto=webp&s=41a2e63d66bd2c119111ab5444ad6a5024a184b9 + +For 2021, it currently sits at 13.51% appearance of .00 key price points, an increase of only +2% on the 8-year average. Even with recent movements, there has not been an increase in .00 appearances. + +This wasn’t enough for me. We all know GME is the real play, so this didn’t seem like a fair comparison. I wanted to take it a step further and attempt to track how much retail interest or hype around a stock would play into the appearance of .00 price points. + +**Reason for .00 #3.00 | Large movements in a stock’s price lead to more .00 appearances.** + +Is the statement backed by data: **No**. I compiled a total of 106 trading years and tracked the spread of Minimum Open Price and Maximum Open Price for each year compared to that year’s percentage of .00 appearances and see no relation. + +GME Myth or Fact: **Myth**. Although GME’s stock price is rising as we approach the MOASS and we are seeing an increase of .00 price points, it appears to only be a coincidence. + +This was a fun one to tackle. How do I compare GME, a once-in-a-ever opportunity, to other stocks? + +I felt that the larger the spread between Min. Open Price and Max Open Price in a given year would provide a good telling of a stock’s movement and potential retail hype. I believe that the larger the spread, the more retail hype there would be. I then compared the spread to the percent of trading days with a .00 appearance. + +I uncovered that the appearance of .00s doesn’t appear to relate to a more volatile stock. + +Years with the lowest spread of Min Open price to Max Open Price: + +https://preview.redd.it/y1fk1gwi3p571.png?width=950&format=png&auto=webp&s=a1375d04110844ad8780de2c2d39c01f2180d144 + +Years with the highest spread of Min Open Price to Max Open Price. + +https://preview.redd.it/qpo7qvzk3p571.png?width=948&format=png&auto=webp&s=44d26632b54922b2f930551aeabd66767ba7158b + +Across the board, there is a pretty flat rate of 12% of trading days seeing a .00 key price point. + +In 2021, GME saw a minimum open price of $17.34 and a maximum open price of $379.71, an increase of 21X. And what is GME’s percentage of days in 2021 with a .00 key price point? 61.06%. + +The largest one-year spread (until GME has its way with me) I found was in OSTK in 2020. I saw a low of $2.54 and a high of $124.65, an increase of 49X. Yet, OSTK’s percentage of days in 2020 with a .00 key price point was only 14.62%. + +While reason #2.00 was more inconclusive because of a lack of data, reason #3.00 can clearly be dismissed as false. There is no relation between a stock's open spread in a given year with the percentage of trading days with .00 appearances. + +\------------------------------ + +That's all I have for now. There are no dates or prices this data allows us to spectate on, but it does show that something is fishy. + +I applaud you for making it through this data-heavy DD. As I mentioned at the start of my post, I'm not done yet. I think there is more here as the frequency of these .00s is steadily increasing. In my next post, I will be mapping GME’s .00 price point frequency to the FTD cycle. + +Now I look to you, ape. Please help me out by providing further reasoning as to why GME might be seeing .00 price points. I'm happy to do further research, discuss, and add another wrinkle to this smooth brain of mine. I want every piece to this .00 puzzle. +Seems odd that all of us poor people on reddit are saying that Hedge Funds are bad and they rarely beat the SPY anyway + +but if that was trully the case, why would the rich entrust their millions to Hedge Funds and other similar institutions? + +seems like a lot of people downplay the fact that you give a fund money, they take a cut and they make you money BUT if this is how the "rich" handle their investments why shouldnt the poor people do it also? + +seems like more "poor" people lose money trying to make money than actually make money + + + +Edit: **u/Ronaldoooope makes a great point** + + +*I know we focus on percentages but 1% of 100 million is quite the gain compared to 1% of 1000* + +I'm assuming the "rich" are a lot more okay with *only* making 5% a year when that 5% is coming from a portfolio of $10 Million + +for the lazy, its $500,000 a year or one VERY expensive Lambo +Okay, probably a weak title for this, but I was wondering how people typically handle this situation. I am self employed and my wife is a stay at home mom, for the most part of 12 years now. She recently looked at her social security retirement planner and saw almost nothing for income. She wants me to report half of what I make to her income for social security so she will have more when retirement comes. + +As far as I understand, when you retire, both gets what they are entitled to, but if one dies, the surviving spouse gets the greater of the 2, which would be mine. My concern is if I give her half of what I earn, my social security will be less and hers will be more. If I died first, it would just mean she would have a smaller social security income. + +I have run this through my head 100 times and the only reason I see to request this is if she was planning on leaving me one day. +So I basically started off with 1.5 k last month and while using leverage I bought lucid at 22$ now I’ve made a bunch of money . + +The problem is I can’t keep using the same strategy I’ve been using because I feel like I’ll lose it very fast . So my question is what strategy can I use so even if my trades fail I don’t lose big chunks of my portfolio . + +Edit : Thanks for all the feedback , one thing I forgot to mention I’m from Ireland and I pretty much got my tax figured out . + +Edit 2 : I forgot to mention ETFs are taxed at 41% in Ireland +🤣😂 in all seriousness, can someone explain what exactly futures are to me ? I thought futures meant like commodities such as oil, or are futures technically a actual type of investment like call options, I know they are high risk and I love a bit of risk but why are futures inherently risky what's the fundamental reason for that? + +So would trading crude oil be classed as futures on its own ? + +Thanks everyone I'm still learning. +My spouse and I are planning on spending the fall and winter traveling internationally. We are US citizens in our 30s and haven’t put any restrictions on our trip. Our budget is around $100,000 a month, but we’re just as happy staying in a tent on a mountain as we are in a 5-star resort. Would love to hear opinions on: + +Places we should go or things we should do, particularly those that you need to plan ahead for + +Things we could do to prepare for months overseas + +Unique experiences that may never be available again (due to global turmoil, environmental change, pending regulatory restrictions, etc) + +Other fun stuff happening seasonally in the world that we may not know about (special dinners that happen only a few weekends a year [like montreals sugar shack], Albuquerque‘a balloon fest, Running of the Bulls, and so on) + +Not into spending for the sake of spending (eg flying private as two people), but looking to spend extra when it could really enhance an experience (like backstage VIP at an event.) + +Thanks in advance! Looking forward to reading about the wild experiences you’ve all had 😸 +I have a substantial amount of money saved up and I really want to start building my real estate portfolio. I live in south Florida and the real estate market is expensive now. Should I save my money until things die down? +I posted on Facebook for my 2 bd 1 bth house in OKC, OK to rent. I do a standard 1 year lease with 1 month deposit and 1 month rent due at signing. + +A friend Llama and her boyfriend Camel contacted me. Myself and Llama were school friends and had always been on good terms. So I was happy to rent to her and her boyfriend. + +Lease is signed, Llama and Camel move in. Everything is great. 6 months in she calls me in tears, her dad died and she can't pay the full rent. I completely understand. Take care of your funeral, pay me what you can, we'll get you sorted out. + +2 months later she calls me again. She's crying again. Her dog died and she can't pay the full rent. Now I'm suspicious. + +The short of the story: Llama and Camel were closet junkies and found my quiet home in a good neighborhood at a good price to get faded in. + +I did not ask for prior landlords info, or check any references past looking at their Faceboook and our long conversation which in hindsight was me believing in people not being terrible when allowed. + +Words were said by both parties. Some I wish I had not said but I was angry. I had to kick Llama and Camel out. Luckily it was easy and I didn't get sued. I sent a certified sign-on-delivery Get Out letter. They were gone in a week. I lost about a full month's of rent and had to clean the heck out of the house by myself. + +They stole my guitar I had hidden in a lockbox in the attic. That's what hurts the most. Money I can make back. That guitar had sentimental value. I bought it when I was a teenager with my first real paycheck. Charvel black with a white pickguard. + +I found out Llama died the other day. Overdose. I'll miss her. She wasn't a bad person, just got herself into a bad situation with drugs. Still, I won't rent to anyone I know unless I check their rental history, their credit, and talk to references, because I need to survive and prosper first if I'm to take care of my community. +Greeting Theta Gang boys and girls, + +I hope you're well and not bankrupt after last week. I'm just now recovering mentally myself. I saw a few WSB converts and some newbies asking for tips, so here you go. V2 of my Options guide. I hope it helps. + +&#x200B; + +I spent a huge amount of time learning about options and tried to distill my knowledge down into a helpful guide. This should especially be useful for newbies and growing options traders. + +While I feel I’m a successful trader, I'm not a guru and my advice is not meant to be gospel, but this will hopefully be a good starting point, teach you a lot, and make you a better trader. I plan to keep typing up more info from my notebook, expanding this guide, and posting it every couple months. + +Any feedback or additions are appreciated + +*Per requests, I added details of good and bad trades I made. Some painful lessons learned are now included. I also tried to organize this better as it got longer.* + +**Here's what I tell options beginners:** + +I would strongly recommend buying a beginner's options book and read it cover to cover. That helped me a lot. + +I like this beginner book:[ https://www.amazon.com/dp/B00GWSXX8U/ref=cm\_sw\_r\_cp\_apa\_OxNDFb2GK9YW7](https://www.amazon.com/dp/B00GWSXX8U/ref=cm_sw_r_cp_apa_OxNDFb2GK9YW7) + +**Helpful websites:** + +* Tasty Trade (TT) and Ally Invest have helpful articles and videos. + * [https://www.tastytrade.com/tt](https://www.tastytrade.com/tt) + * [https://www.youtube.com/c/tastytrade1/featured](https://www.youtube.com/c/tastytrade1/featured) +* Ally training: + * What is options trading? [ https://www.ally.com/do-it-right/investing/trading-options-for-beginners/?CP=EM2012111](https://www.ally.com/do-it-right/investing/trading-options-for-beginners/?CP=EM2012111) + * Top 10 options mistakes:[ https://www.ally.com/do-it-right/investing/top-10-option-trading-mistakes/?CP=EM2012111](https://www.ally.com/do-it-right/investing/top-10-option-trading-mistakes/?CP=EM2012111) +* 3 common option mistakes:[ https://us.etrade.com/knowledge/library/options/common-mistakes-options-traders-make](https://us.etrade.com/knowledge/library/options/common-mistakes-options-traders-make) +* Common options strategies:[ https://www.optionsbro.com/basic-options-strategies/](https://www.optionsbro.com/basic-options-strategies/) +* Investopedia has tons of great investing info for stocks and options:[ https://www.investopedia.com/](https://www.investopedia.com/) +* Kamikaze Cash Theta Gang Videos:[ https://youtube.com/playlist?list=PLOweupE79XXiBaeH\_xBpkUcYUsrAaKQen](https://youtube.com/playlist?list=PLOweupE79XXiBaeH_xBpkUcYUsrAaKQen) +* 20 rules of professional traders: [https://www.investopedia.com/articles/active-trading/022715/20-rules-followed-professional-traders.asp](https://www.investopedia.com/articles/active-trading/022715/20-rules-followed-professional-traders.asp) + +**Don't trade until you understand:** + +* You can lose your entire contract value when buying. +* You can lose a lot of money when selling "naked", theoretically unlimited. +* How option expiration works. +* Theta (decay) and how it works. This is imperative since it's attrition when buying and a payout when selling. [ https://www.optionseducation.org/advancedconcepts/theta](https://www.optionseducation.org/advancedconcepts/theta) +* DTE: Days till expiration/expiry +* Options positions with respect to price: + * ITM: In the money; strike is below stock value. Signif + * ATM: At the money; strike is just at or above the stock value, often very highly traded. Can be very effective with moderate - long term expiry. + * NTM: Near the money; strike is above the stock value, but fairly close. Slightly unofficial term. + * OTM: Out of the money; price is at least a few strikes from the current stock price. I would say 10-30% over stock price. + * Very OTM: Not a real definition, this is essentially a lottery ticket. Cheap, but almost certain to expire worthless unless there is explosive movement. +* Understand delta in general and how delta changes with ITM and OTM options. +* Understand all the greeks at a high level, as you get better understand them well. The greeks: [https://www.optionsplaybook.com/options-introduction/option-greeks/](https://www.optionsplaybook.com/options-introduction/option-greeks/) +* IV, IV crush, and how IV affects pricing. In general, you want to sell when IV is high and buy when the IV is low. Increasing IV is good for held calls/puts. IV drop or crush is generally good for sellers. +* Selling options can be quite beneficial. Once you have a good general understanding, lookup r/thetagang . Kamikaze Cash has good youtube videos on most theta strategies (linked above). I personally believe selling options (especially cash secured) is much safer and can consistently make you profits. Θ Gang 4 life. +* FOMO and how to avoid chasing a dangerous trend. DO NOT CHASE FROM FOMO! +* What intrinsic and extrinsic value are. Know how they are affected by being exercised/assigned and how theta affects them. +* Understand that some of WSB recommendations are straight up high-risk gambling and factor in the information accordingly. Be careful with Meme stocks and the survivorship bias on YOLO plays. However, I love the sub and think it’s hilarious. It has a lot of valuable information / DD if you are comfortable with the “colorful” language. It’s also great if you like rocket ship emojis. + +**Basics / Mechanics** + +* Understand the 4 "main" option types. Buying or selling a call and buying or selling a put. Spreads and more complex multi-legged option strategies are based off these in some way (see below) +* You can sell calls with 100 shares of stock or if you own an underlying longer term option; see LEAPS and PMCCs later. Selling calls naked is incredibly risky and often requires Level 4 (very advanced) permissions and usually a lot of capital. I will literally never sell calls naked since I don't want to ruin my life and end up living in a dumpster eating saltine crackers. +* Puts can be sold/written cash covered (cash secured), which means you have the cash in your account to buy 100 shares. Your broker will put this money on hold until the trade is closed. Puts can be sold "naked" using Margin and Level 3 (with most brokers). Your broker will hold a percentage of cost of 100 shares (often 30-40%, 100% on meme stocks) allowing you to sell more puts. This increases your available capital/power as well as increasing risk. + +**General Tips and Ideas:** + +* Don't EVER leave (short) spreads open on expiration day, close them. (more details below) +* Start off trading very small. Slowly build up over weeks / months. You need to get accustomed to a fifty dollar swing a day, then a few hundred, then a few thousand. You need to ensure you don't get emotional (see below). I started trading options with 5k, then 25k, 50k, and later over 100k. I added my own funds over time and used my gains to build my account. Don’t go all in immediately, that’s dangerous and unwise. +* Especially as you build up the amount of money you have invested, keep it diversified among several stocks. + * Don't go all in on one thing, ever. Be able to take a hit from one stock and not mortally wound your portfolio. + * A company may be doing great, then there's a major product issue out of nowhere. If you are overexposed in one stock this can really hurt you. + * I had to roll options I sold that were about to expire completely worthless because FDX's CEO changed and the stock took a hard dip. +* Don't trade emotionally. If you realize you are emotionally trading for vengeance, you should probably exit the trade and cool off for several days with that stock. Same if you get caught up in a wave of hysteria. +* Have a plan for every trade, ideally with entries / exits that are specific values, ranges, or a set condition. This helps remove emotions. This is super important for strong movements and high volatility (see later). +* Use an options profit calculator from your broker or an online one before entering a "new" trade, especially a complex multi legged trade:[ https://www.optionsprofitcalculator.com](https://www.optionsprofitcalculator.com/)/ +* “Rolling” an option: + Closing your existing option and opening a similar one at different strike and/or expiration. + * Rolling a call “Up” would be selling a call you own and buying a cheaper call at a higher strike. + * Rolling a put “Down and out” closes your original one and buying or selling one at a lower strike at a longer expiry. + * Better broker interfaces have a literal “Roll” button. I know E-trade does. You can manually do it by selecting relevant contract legs. +* If you have a losing trade, re-evaluate it. If your initial assumption is definitely incorrect, close it. Don't stay in losing trades forever and lose the entire value of the option over stubbornness. If you re-evaluate and you think your assumption was right, hold, potentially consider adding another cheaper option (or buy another call / put). Rolling out sold options can help here. +* Don't try to day trade, especially with options. It's statistically unlikely to be profitable. Day-trading with options introduces extra liquidity risks and is dangerous, especially with spreads. +* Try not to over-trade, you'll likely mis-time the market over time. When I get emotional I over trade, then lose additional money on wash sales. If you scale your entries into positions it should help alleviate your desire to exit positions when they turn badly against you. Whenever I buy calls I do it at larger increments after W almost made me loss my hair; luckily it eventually came back. +* NEVER enter a position on a stock you have no idea about, especially when you read about it online or heard about it from some rando. +* At market open options contracts are often volatile and inflated. Buying during this time can be more expensive. Options are usually cheaper mid-day, I read somewhere 2-3PM is cheapest. I’ve had success around 12-1PM EST after prices settle. +* Try wheeling on cheaper stocks once you get all fundamentals down. +* When selling puts if you are very bullish consider "doubling down"; note this is higher risk. Use the credit from your put sale to buy shares or a cheap call. This can be roughly inversed with puts, except I wouldn't ever recommend shorting shares. +* Learn from your mistakes. You can’t go back in time and beating yourself up (to a point) is useless. Make a physical &/or mental note of it so you don’t do it again. If you don’t learn from it, then beat yourself up so you won’t do it again. +* If you have friends that like to trade, I find it helpful to discuss strategies and planned plays. I talk openly with my close friends about my current holdings and planned trades, it helps keep me accountable. If I get a wide-eyed look, I might be doing something excessively risky or stupid. I’ve over-leveraged myself in calls twice and I knew I shouldn’t have done it both times. When I tell my friends what I did and I’m embarrassed, it exemplifies the face that I shouldn’t have done it in the first place. You will also get ideas for new strategies or plays from them. It’s good to stay versatile and use multiple strategies when appropriate. + Beware of group think/echo chambers. +* I recommend NEVER telling someone what to buy/sell and when. I’ll tell people MY plays or what I like and why, but I will not encourage them to emulate what I do. Depending on the audience, I’ll tell them my exact positions along with my exit and entrance strategy. With closer friends I’ll offer my thoughts on their trades (if asked). If my friend is doing something really risky (one of my friends does some scary stuff) I may ask them if they want my advice, and provide it, especially if they overlooked a risk/event. I will not encourage someone to execute/enter a trade since it has a high potential for hurt feelings or animosity all around. +* Don’t fall in love with a stock. + Just because something made you money before and you have high confidence in it doesn’t mean it will keep performing. I joke that FDX betrayed me when it started dipping and losing me money. I was over-confident of its bounce-back and sold too many puts too quickly. I’m in several losing trades because of it. However, I will keep good stocks in my roster/tracking list or try different strategies or re-enter trades when they change their behavior. +* As you start to both buy and sell options and get more experience in general, you'll start seeing the two sides to every trade. You will likely start adjusting your strategies or trying new trades out because of this. Things will likely click one day. Most/all the greeks and options concepts will become almost second nature. For me this was when I could build an Iron Condor from scratch, which was a watershed moment involving a good understanding of many strategies. +* Understand Liquidity and volume. + * Trading in low volume, low open interest contracts results in wide bid/ask spreads and difficulty having your contracts filled. Look at all the data for a contract, not just the strike and price. + * Monthly Expiration dates typically have better liquidity. + * Multi-legged trades (Common examples are 2-legged vertical spreads or 4-legged iron condors) have more difficulty being filled, especially on bad brokers like Robin Hood. Having very liquid options for all legs is extremely helpful in obtaining timely and well-priced fills, which maximize your potential profits. +* Time in market vs timing the market: + * It is extremely difficult to time the market perfectly. If you wait for the perfect opportunity forever, history has proven you will miss out on gains. Keeping all your money out of the market has proven to be ineffective. Now if there is something serious happening with a stock/the market (like say a new pandemic), don’t go all in. I recommend entering incrementally at dips. If the stock has huge upside potential it may never go down, so it might make sense to partially enter at the current price. + * IMIO selling puts is a great strategy to get into a stock you like, or at least make money off it. I think buying stock in lots of 100 is usually for suckers. Selling an ATM or ITM put (assuming the math works out) on a stock you were going to buy and hold is ALMOST free money. + * I recommend keeping some cash available regardless. If you have a very large account or expect a downturn, hedging with indexes like QQQ, SPY, or VIX or calls/puts may be wise. +* Every trade can't be a winner. You will take some losses, you must get used to it. I don’t like having a realized loss of 1K or more on any trade. However, this will happen, especially with larger accounts. + * As long as you win more often and beat the S&P that year I consider it okay. I’m kind of aggressive, so I consider 20%+ annually good. 30%+ annually is great. 40%+ and I’m dancing. After trading options I am almost baffled by my old belief that 5% annual returns (mostly from dividend ETFs) was “good”. That’s nothing to me now since I’m willing to take risks. +Note: While lots of people danced in 2020, realize that’s an insane Bull Run year and is atypical. + * Adhere to your own risk tolerance and never over-extend yourself, especially with margin use. Don’t make huge gambles leaving you uncomfortable. Only gamble with money you are willing to lose. + * My personal strategy is to make safer gains for the year and then enter slightly riskier strategies using those gains. I can be slightly-moderately more aggressive and compound my gains. For me I often sell puts to make money, then when I see a big opportunity I’ll sell a put and buy an OTM or moderately ITM call. +* Understand it’s not safe to try and get rich overnight. However, once you hit big “steps” things may start to snowball. You can enter more positions and take more risks if you choose to. + * For me this when I hit 50k, then 100k. I was able to balance low and moderate risk positions to more significantly grow my account. I’ll even do a high risk thing now and again because my gains can absorb it (assuming I have them). + * I can’t wait to get to 250K, then 500K. I know it’ll take quite a long time, but I am confident I’ll eventually be able to have 500K and (hopefully) 1M in my non-401k trading account with gains and additions from my job. I can only imagine how “dangerous” I will be with that kind of capital. +* If you missed "the next big thing" like AAPL, TSLA, or the time machine I’m building in my basement. Don't get upset, learn from it. Adapt and become a better trader for next time. + * Figure out why a company was so promising, before they mooned. Determine how you would have traded differently in hindsight. Apply those lessons to the next company you believe has long term growth prospects. + * For me that's putting in 1-2.5k towards shares and/or buying LEAPS on it. Depending on my bullishness I may buy “cheap”, fairly far OTM calls. The far OTM options are sort of lottery tickets. If I'm right the (relatively) low cost will have explosive profits; if I'm wrong, they didn't cost that much so it's a calculated loss I’m willing to accept. For more serious bets I’ll buy ITM LEAPS to run PMCCs on. I also like to buy 1-2K in my 401k for very long-term plays. +* The stock market hates uncertainty, it seems to crave the status quo. A shakeup can potential tank a stock, even if it's nothing. With shares you can wait it out, but this can be problematic for options. If you see volatile/uncertain times ahead (politics, disease, manufacturing, earnings, etc.), you might want to reduce your overall portfolio risks or hedge. + +**Profit Retention / Loss Mitigation** + +* If selling options, it is a viable strategy to close early after a large gain with many DTE left until expiry. See TT videos / strategies on this. +* Don't hold options through earnings unless you literally want to gamble. I like playing on earnings run ups, but that can be risky. +* If you hold options through earnings, IV crush will happen immediately afterwards, devaluing the option. However, if the option is profitable enough, IV crush won’t matter, which will still make money for a call buyer. A sold put sufficiently far OTM will benefit from IV crush, even if the stock dips after slightly bad or lukewarm earnings. +* Don't throw good money after bad. Don't gamble on a recovery if your assumption appears to be wrong or the market is flat out tanking. If you are wrong and still believe in the company, wait twice as long as your original plan (wait for your 2nd entry point vs 1st) before adding to your position. +* Consider using stop losses to lock-in profits on rides up or sometimes use them to prevent losses. Note, stops can be easily triggered in volatile options. Now when I'm up a lot on calls (especially around earnings or large momentum run-ups) I always set stop losses. I have been burned too many times. + In December 2020 I didn't set a SL on several thousand dollars of FDX calls I was already up on and I "lost" \~$5K of unrealized gains. If you're up big, don't get too greedy. +* A possible strategy if a stock is on a tear and you have multiple options open: +Close some positions (I prefer to do this incrementally if the stock has momentum), but leave 1+ open in case the stock goes into outer space/the floor. Next, set a stop loss with a little buffer below its current movement / range so it doesn't get hit unless the stock falls hard. Finally, watch the stock closely and if it keeps rising, keep moving the stop loss up in little bits incrementally. This will let you keep more profits on a hot streak, but give some protection and secure more gains. It will also help eliminate FOMO if a stock exceeds your expectations. +* Have rules when to roll out, down & out, or up & out. I like TT’s roll at break even or at 1x loss and to always roll for a credit (or for me a very minor cost). Obviously these rules need some monitoring. Know your stocks, the news, and technicals so you don’t jump the gun. + * If you roll early for a credit and you’re right, it’s not the end of the world. You’ll just need to hold longer, which will obviously tie up capital. Sometimes it’s better to tie up some money (especially if you aren’t paying interest) than eating a huge loss. + * Rolling too late can be worse though. I currently have a very underwater FDX put I sold that is over 2x loss, rolling it does almost nothing unless you want to pay a debit or extend it extremely far out. +* On huge options gains, **I strongly you recommend taking profits by rolling up/down** or incrementally sell your contracts at several different prices (this is why having multiple contracts is nice). + * Rolling up involves selling your initial call, then using a fraction of your proceeds to buy a cheaper, further OTM call with the same expiry; puts are inverse this. When rolling up I like to ensure the new option’s cost is 15-40% of my realized gains. I’ll buy a more or less expensive new optoin based on my convication to the stock and predicted movements. You can also roll up and out to get a further expiry and strike. + * This is monumentally important if you are playing with incredibly high rising stocks or during a short squeeze. + * Sad story time: +I completely screwed up when I forgot to roll up, twice, during the GME gamma/short squeeze. I didn’t take my own advice; I didn’t have a real exit or transition plan and I got emotional. It all happened so fast and I was at work; the insanity of the run up and subsequent gamma squeeze caught me off guard. I should’ve clocked out and thought through the situation for 15-30 minutes to form an impromptu plan, then executed trade(s). My moderate risk tolerance coupled with my desire to take profits took over. When the stock partially cratered after a run up, I sold to retain gains. In the heat of the moment I thought the squeeze was squoze and it was going to plummet into the ground and I wasn’t being rational. + * On 1x 4K call I would’ve made an additional 15-25K if I rolled up to a cheaper contract with some of my profits. + * I know I missed out on significantly more with a 2nd call I had. Depending when I rolled it, it would likely have been an additional 25-50k in profits. + * I talked about learning from your mistakes above. **This mistake is branded into my brain due to the massive gains I missed out on** **by not rolling up****.** I’m furious with myself as I write this 1 week after the GME gamma squeeze, I’m a planner and I didn’t plan. If anything I own is significantly up ever again, I’m rolling up (or at least setting a stop loss). If necessary, I’ll roll up a trade multiple times to keep extracting profits. + * Learn from my mistake so you don’t miss out on gains too. I strongly recommend rolling up when you are up big on a call / roll down when you are up big on a put. This enables you to take profits, stay in the game, and keep extracting more gains. +* If you trade a lot of options, talk to your broker about a discount. I was getting the standard $.50/contract with E-Trade, but I traded over 300 contracts a quarter and was able to get the fee reduced by over $.10 by just asking. I am now doing more spreads and condors, so once my volume gets very high, I’ll ask again. +* If you have a broker that isn’t great and you want to switch, leverage your current trading fees to the new broker. Tell them you’ll move over $### thousand if they beat your current options trading fee per contract. + +**Trade Planning & Position Management Tips** + +* As you gain experience, start monitoring what kind of Delta, OTM, DTE, etc. you are most profitable with. Use it in your future trades. You'll often see the tasty trade 30-45DTE .3 Delta strategy for selling. +* Before entering a trade, look at rough technicals like resistances and supports to consider your relevant strikes as well as entry/exit points. Look at upcoming earnings & dividend dates as well as stock/market news. +* Consider staggering strikes and expirations for safety and diversity; it’s nice to avoid assignment on 3 puts at once because you used the same strike for all 3. +* Incrementally enter positions on large rises/falls. One of my favor strategies is to buy dips after over reactions. By doing this slowly in large price "steps" it helps combat FOMO and helps you avoid getting slaughtered. + * This will also help you avoid "chasing a falling knife". It also ties into having a plan. + * I set alerts at several predetermined prices and I REALLY try not to enter new trades unless I hit my preset points. It makes me less emotional and usually more effective. +* Don't buy far expiration options with poor liquidity for shorter term plays. I bought 1x GME 1-year+ LEAPS call before the 2021 short squeeze. That was stupid, I should've bought 2-3x 60-120 day calls to have better liquidity. I also paper-handed it and missed out on my lambo. +* If selling options, consider rolling (for a credit) to avoid assignment when it makes sense / meets your plan. Rolling closer to expiration can be a valid strategy to get theta on your side. On the flip side, if the stock moons or plummets it could've been better to roll before it got crazy deep ITM. See rolling “rules” above. +* Covered Calls: + * If a stock has a large movement range, I think it can be worthwhile to wait to open a CC after the last one is closed/expires. I have been more successful waiting for another opportunity vs. opening one immediately on the Monday after the second the last one expires. + * Consider selling covered calls at all time highs/peaks. If you sell a CC and the stock dips significantly, and you think it’s temporary, you can buy to close your CC for a quick profit, then reopen it later. + * If you own Meme stocks, selling covered calls runs the risk of missing out on large gains. On these stocks I typically only sell them further OTM than I normally would or not at all. If I do sell CC on a Meme stock I try to ensure I have 25-100 other shares that won’t be called away. + +**-Advanced Beginner-** + +**Spreads** + +* Spreads (with 2 legs) are neat because they manipulate how delta and theta act. It caps your gains and losses, but you can profit with less stock movement. Try several spreads on a P/L calculator to see for yourself. +* Spreads usually require margin trading. +* Spreads allow you to define max losses (assuming you close before expiration day) and use less capital. + * Experienced traders will open many spreads at identical/similar strikes to heavily profit off movement. Spreads can make you/lose you a lot of money if you are right. + * For example. I could make a $200 premium off a $500 risk trade, max loss would be $300. This is much more effective capital utilization than a naked or cash secured put, however it does not have the same downside protection or “wheel” potential as a sold put. Higher risk, higher reward. +* Vertical Debit spreads: I think of these like mini calls/puts. I personally don’t use them unless calls are outrageously expensive or the break even is absurdly high, but there’s nothing wrong with them. A call debit spread will lower your breakeven and overall cost vs just a call. You can do clever things like making a positive theta call spread if you’re creative. I like doing this since I hate losing money to theta. +* Vertical Credit spreads: + * Very good theta strategy to define downside/upside risks. + * A put credit spread is bullish and allows you to bet on upward movement with less capital and defined losses. + * A call credit spread is a bearish strategy that allows you to bet on downward movement. These are very cool since they allow you to sell calls without selling naked calls, which can ruin you financially. I see selling these as better than buying puts since it’s so much easier to be profitable; to be redundant, Θ rocks. + * [https://www.schwab.com/resource-center/insights/content/reducing-risk-with-credit-spread-options-strategy-0](https://www.schwab.com/resource-center/insights/content/reducing-risk-with-credit-spread-options-strategy-0) +* **I repeat this on purpose: Don't EVER leave short spreads open on expiration day, close them. If you don't close, they better be VERY far from the strike on a non-volatile stock. In after hours a stock can jump/dip below your strike and be exercised without the other leg to protect you. This can lead to massive, life ruining losses. This is not an exaggeration, google this and be scared. It happened to a fair number of people with TSLA.** +Video explanation: [https://www.youtube.com/watch?v=rtVFj9nRRDo&t=315s](https://www.youtube.com/watch?v=rtVFj9nRRDo&t=315s) +* Short Straddle: + +**Trading Mechanics, Taxes, Market Manipulation** + +* Learn about wash sale rules. They suck and are very easy to activate with options. This will eliminate your ability to write off losses. Over trading can easily cause wash sales. +[https://www.investopedia.com/terms/w/washsalerule.asp](https://www.investopedia.com/terms/w/washsalerule.asp) +* Short attacks: + * Learn to recognize these sketchy attacks by hedges/firms. They manipulate the market, it’s been documented countless times. A common one is rapid short selling, which pushes the price down. + * Short Ladder attacks: + * [https://www.google.com/amp/s/seekingalpha.com/amp/instablog/11442671-gerald-klein/3096735-anatomy-of-a-short-attack](https://www.google.com/amp/s/seekingalpha.com/amp/instablog/11442671-gerald-klein/3096735-anatomy-of-a-short-attack) + * Some people say short ladder attacks don't exist. I've seen some very strange stock nosedives off low volume, so I tend to think they do. + * If you plan well enough and the market doesn’t give up on the stock you may be able to use it as a great opportunity to buy the dip. +* Cramer explains how he intentionally manipulated the market when he ran a hedge fund years ago. Multiple links to the video are below since this video gets pulled often, Cramer / The street never wanted this to go public. + * Reuters article: [https://www.reuters.com/article/cramer-interview-idUKN2036292620070320](https://www.reuters.com/article/cramer-interview-idUKN2036292620070320) + * httpss://youtu.be/r07Gg92YjOI + * [https://youtu.be/VMuEis3byY4](https://youtu.be/VMuEis3byY4) + * [https://youtu.be/JEzsfPmh894](https://youtu.be/JEzsfPmh894) + * [https://youtu.be/QFfjX8dW-QQ](https://youtu.be/QFfjX8dW-QQ) + * Due to this video I don’t fully trust Cramer. His show can give you stock ideas to buy (or inverse), but you never know where his true loyalties lie. +* Plan for taxes if you are up big. You may need to over withhold or contribute to taxes quarterly depending on your situation. [https://www.irs.gov/taxtopics/tc306](https://www.irs.gov/taxtopics/tc306) + +**-Intermediate / Advanced Strategies (work in progress)-** + +*You’ll notice many of these strategies inverse one another.* + +**Options Strategy Finder** + +This website is great for learning about new strategies, you’ll see many links to it below. + +[https://www.theoptionsguide.com/option-trading-strategies.aspx](https://www.theoptionsguide.com/option-trading-strategies.aspx) + +**Short Strangle / Straddle** + +* Both of these strategies profit from little price movement. I recommend using a P/L calculator to determine BE, profit, etc. +* A straddle sells (or buys) two options at the same expiry and strike. +* A strangle sells (or buys) two options at same expiry with different strikes. +* Both these strategies involved selling a Call and a Put for a credit. Straddle uses ATM legs, strangle uses OTM legs. +* Limited max profits and unlimited risk. Due to the unlimited risk, I am not a fan. However, many people like these a lot. +* [https://www.theoptionsguide.com/short-strangle.aspx](https://www.theoptionsguide.com/short-strangle.aspx) +* [https://www.theoptionsguide.com/short-straddle.aspx](https://www.theoptionsguide.com/short-straddle.aspx) + +**Iron Condor and Iron Butterflies** + +* These strategies profit from neutral or mostly neutral stock movement. They receive a credit to open and benefit from theta decay. If your stock is range bound, these may be a good choice. +* These are both 4 "legged" trades, so you will have 4 trading fees to enter or exit the trade. A lower cost or zero cost broker shines here. However, “bad” free brokers will give you poor fills, which may not be worth the discount. +* Condors and butterflies have "wings" which are your purchased puts and calls. The wider the wing the higher the max profit/risk. The condor body can be riskier and skinny with a narrow high profit range or wider for a much greater chance of success with lower payout. +* An iron condor is built by combining a put credit spread and a call credit spread with the same expiry. +* An iron condor can be thought of as a modified short strangle with limited risk, and therefore a bit less profit. I prefer defined limited risk. +* The butterfly is similar except instead of a plateau it has a sharp peak. My personal mental note is that a condor looks more like a strangle with wings, while a butterfly looks like a straddle with wings. +* Pay attention to earnings dates when you open these, I have forgotten to check before and it led to bad trades. +* [https://www.theoptionsguide.com/iron-condor.aspx](https://www.theoptionsguide.com/iron-condor.aspx) +* [https://www.theoptionsguide.com/iron-butterfly.aspx](https://www.theoptionsguide.com/iron-butterfly.aspx) + +**Long Condor (Debit Call Condor)** + +* The debit version of an Iron Condor. You expect the price to stay inside your defined range. This strategy profits from neutral or mostly neutral stock movement. I’ve never tried this, Iron Condors make more sense to me. +* Limited risk / limited reward. +* [https://www.theoptionsguide.com/condor.aspx](https://www.theoptionsguide.com/condor.aspx) + +**Short Condor (Credit Call Condor)** + +* Inverse of an Iron Condor. You expect the price to go OUTSIDE your defined range. These are useful when you expect significant price movement. Credit to open. +* Limited risk / limited reward. +* Can be harder to set up. I want to try these, haven’t yet. +* [https://www.theoptionsguide.com/short-condor.aspx](https://www.theoptionsguide.com/short-condor.aspx) + +**Reverse Iron Condor** + +* Inverse of an Iron Condor. You expect the price to go OUTSIDE your defined range. These are useful when you expect significant price movement. Debit to open. +* Limited risk / limited reward. +* [https://www.theoptionsguide.com/reverse-iron-condor.aspx](https://www.theoptionsguide.com/reverse-iron-condor.aspx) + +**LEAPs** + +* LEAP Options are options that are long term with many DTE, often over a year until expiration. LEAP calls are great for long term growth plays (downtrends with LEAP puts) or simply when you really like a company and can't afford 100 shares. LEAPs (or any "longer term" option) enables you to sell a PMCC or PMCP (below) + +**PMCC / PMCP** + +* PMCC or PMCP are poor man's covered call (or poor man's covered puts). They are diagonal options often used with purchased LEAPs. You sell a shorter DTE call/put with a further OTM strike than your purchased call/put. For PMCC/PMCPs it is often recommended to recoup your extrinsic value as soon as possible, some recommend with your first call CC or put sale, to ensure you are positive if the option is assigned early. These have a lot of moving parts and strategies. If you buy a barely ITM call/put and sell a nearby strike call/put you run the risk of the purchased option getting "blown by" on large stock movement and ending up with a very negative losing trade. Keeping your purchased LEAP deeper ITM should protect you. Check your initial PMCC using an options calculation to make sure you don't screw up. +* I'm currently tinkering with these myself. So far I like .7-.9 delta call LEAPS with 30-45 DTE calls on my CC. The goal is to hold the LEAP long term, potentially until expiration, and constantly sell calls/puts on it that expire worthless. Typically the call/put is rolled up and out or down and out if it's going to be assigned, unless you don't want your LEAP anymore. +* Some people look at these many sold CC or puts as profits, I look at them as lowering my cost basis until it's zero (or even negative). I have a page in my notebook I write each CC on my NIO LEAP (I Meme stock sometimes). I find it satisfying to slowly see the cost of the original option disappear. When I originally wrote this I had \~2 years left on it and it's 9-10% paid for; that doesn't even count the actual gains the LEAP has. +* TT states this is considered an IV play, which I partially agree with. You want to buy these during low IV times since an IV drop will hurt your LEAP value. I look at them more as a way to sell calls/puts on a high IV company with a lot of price movement and potential upside/downside. + +**Advanced Orders** + +* Guide to several order types: [https://us.etrade.com/knowledge/events/webinars/order-types-from-basic-to-advanced-07162019](https://us.etrade.com/knowledge/events/webinars/order-types-from-basic-to-advanced-07162019) +* One Triggers Other (OTO): + * Good brokers will allow you to set these up, some will require a desktop to do it. This lets you link one action to another. In programming think of it like an if-then. You’ll tie a buy/sell to another buy/sell + * Setting trailing stops on options is very chaotic since their price movement can be drastic due to volatility. I prefer to set my trailing stop to a stock. + * What I like to do is set a trailing stop on a stock (or just link it to a stock price drop) and have it sell 1 share I own. Then it immediately executes a market order to sell my call. I’ve had good luck doing this with incredibly volatile plays were stop losses aren’t effective. I’ll often have an order saved and ready saved for when a strong run up starts. When my price alerts start blowing up my phone, I’ll immediately hit execute to turn it on. + +&#x200B; + +Disclaimer: + +I’m not a financial adviser, I'm actually an engineer. I’m not telling you to invest in a specific stock/option or even use a specific strategy. I’ve outlined and more extensively elaborated on what I personally like. You should test several strategies and find what works best for you. + +I'm just a guy who trades (mainly options) part-time for financial gain and fun. I don't claim to be some investing savant. +https://www.cnbc.com/2021/03/17/bitcoin-morgan-stanley-is-the-first-big-us-bank-to-offer-wealthy-clients-access-to-bitcoin-funds.html + + + +Morgan Stanley is the first big U.S. bank to offer its wealth management clients access to bitcoin funds, CNBC has learned exclusively. + +The investment bank, a giant in wealth management with $4 trillion in client assets, told its financial advisors Wednesday in an internal memo that it is launching access to three funds that enable ownership of bitcoin, according to people with direct knowledge of the matter. + +The move, a significant step for the acceptance of bitcoin as an asset class, was made by Morgan Stanley after clients demanded exposure to the cryptocurrency, said the people, who declined to be identified sharing details about the bank’s internal communications. Bitcoin’s rally in the past year has put Wall Street firms under pressure to consider getting involved in the nascent asset class. + +But, at least for now, the bank is only allowing its wealthier clients access to the volatile asset: The bank considers it suitable for people with “an aggressive risk tolerance” who have at least $2 million in assets held by the firm. + +Two of the funds on offer are from Galaxy Digital, a crypto firm founded by Mike Novogratz, while the third is a joint effort from asset manager FS Investments and bitcoin company NYDIG. +I’m sure a lot of others have noticed recently an almost apathetic approach to rule enforcement on part of the SEC. Sure, they may still be dishing out small fines and slaps on the wrist but this doesn’t address the overall failure we are seeing in market manipulation from big players. My question is what can be done about this? As retail investors in numbers, I feel like we have more power than we realize to stand up and hold them accountable for playing favorites in the market. Just like any other appointed governing body, they have checks and balances as well as answer to a higher power, in this case the US Senate I believe. So what’s stopping us from petitioning and writing letters of concern to our local and state senators? The outcome being that it would put pressure on the SEC to actually get off their asses and DO something or they risk a huge audit into their organization and practices. + +Maybe I’ve missed something completely obvious or I don’t have enough wrinkles on my brain to comprehend a bigger issue here but hoping someone more intelligent than me can shed some light on the subject. + +TLDR; In light of SEC apathy on current market manipulation, how can retail investors put pressure on our government to ensure the SEC does their job to enforce fair market conditions? + After missing out on concerts for 2 years due to COVID-restrictions. I was recently reminded again why Ticketmaster is one of the most hated company in the world. I wish them a quick bankruptcy. I bought tickets for a concert and the tickets fees were more than 75% of the original ticket price. Which is absurd. + +The internet is full of people complaining about Ticketmaster and their fees. For instance this hilariours woman: + +>Why are Badbunny tickets so expensive? Y’all making me want to sell pictures of my husbands feet on only fans – frustrated Ticketmaster customer + +[https://www.tiktok.com/@\_j\_e\_n\_n\_/video/6950782961763601670?is\_copy\_url=1&is\_from\_webapp=v1](https://www.tiktok.com/@_j_e_n_n_/video/6950782961763601670?is_copy_url=1&is_from_webapp=v1) + +In the “Last Week Tonight” show, John Oliver explained the shady behavior of Ticketmaster in an entertaining way, including clips of frustrated Ticketmaster customers (like the one above). + +**A short recap:** + +\- Average prices of tickets have more than tripled, since the 1990s (even before tickets hit the resale market) + +\- Ticket fees are determined in collaboration with Ticketmaster’s clients (Venues, Promoters, sometimes the artists) + +\- These other parties that share in the tickets fees are mostly owned by… Ticketmaster + +\- Ticketmaster facilitates professional scalpers and multiple account use + +\- In some cases less than 8% of all tickets for shows of major artists gets sold directly to the public. Where do the rest of the tickets go? To professional ticket scalpers + +\- Professional scalpers represent the overwhelming majority of sellers on secondary market places + +\- Scalpers mark-up the price on average with 49%, but sometimes even hike up the price more than 10x + +\- Secondary markets charge exorbitant fees + +The result of this is that the ticketing industry is very inefficient. Parties that do not create any value for fans and artists receive a big cut of the revenue + +[https://www.youtube.com/watch?v=-\_Y7uqqEFnY](https://www.youtube.com/watch?v=-_Y7uqqEFnY) + +**How can blockchain technology improve the ticketing industry?** + +\- Blockchains are transparent and immutable. Scammy practices such as direct selling on secondary markets or selling huge amounts of tickets to professional scalpers will be visible to fans + +\- Smart contracts can be programmed with a maximum resale price or maximum mark-up from the original price + +\- Blockchain cut out the middle men allowing artist to sell more directly to fans + +\- Tickets can include a royalty fee for artists, when tickets are sold resold (similar to royalty fees on NFT art). + +\- NFT tickets become tradeable digital collectibles, allowing artists to interact with their fans even after the event + +R.I.P. Ticketsmaster. I hope we will soon be able to buy tickets for our favourite artists without ridiculous ticket fees. +Hey /r/personalfinance, + +This just happened about an hour ago, but it has me feeling like I have to tell someone. It's a slight twist to the normal thank you posts. + +I was at work when I got a call from a number down in the Dallas area. I live in Tennessee, but I'm from Dallas, so I knew they had to know me. I answered, and it was a company looking for my mom. I told them I don't live with her and hung up. A quick Google search of the company returned an auto finance company. Looks like my mom missed a payment or two. + +I texted my mom letting her know they called and asked how much she was behind. My mom is stubborn as all get out. She refused to let me know anything saying "Can't really talk, son. I'm not asking my kids for help until I am 100 years old. I'll be okay. I've just spent almost $2000 on [the dog]'s eye and I will have to wait to pay it." + +Now, my mom loves her dog more than either of her kids. At least that's the joke. There is some truth to it. The dog is 17 and has cheated death countless times over the last few years. Dude just won't quit. + +I was persistent and asked her how much she needed and she said $30. I told her no one calls over $30 and to tell me the truth. All she would say is one payment. + +In the past, I had sent her money for her birthday from my bank account, and lo and behold the transfer information was still there. I sent her a text telling her I still had it and I fully intended on helping. + +In late summer 2014, I got out of the Army. In typical veteran fashion, I was unemployed, severely depressed, and all around fucked. My mom took me in and did the best she could to get me going again. My stepdad eventually bought me a cheap car cash so I could move to where I am now which led to my current job which pays fairly decently. Definitely the most I've ever made. + +When I got this job, I slowly started saving while getting my stuff together. This sub was so inspiring. I have an addiction to seeing my accounts grow. From $400 to my name in September 2014 to having 3 months salary in savings. + +So I sent her a text saying last chance to give me a real amount. She sent back "$200. But seriously, son. I'll be okay." + +Yeah, Mama. You will be. So I sent the transfer. But not for $200. I still think she was lying. I sent $500. + +And it didn't hurt at all. It felt GOOD to be prepared to help. I don't care about that $500 at all. + +I've seen a lot of people say that by paying bills for loved ones you're enabling bad spending habits. Normally, I agree. But when it's your mom facing repossession, it's hard not to help when you have the means to. I'm not worried about it becoming a habit. I know she's bawling her eyes out right now. She's embarrassed. She doesn't want to accept help. But she totally deserves it. + +Hell, maybe now she'll love me more than the dog. + +Edit: Thanks to those who gave me gold! I've had a few people ask for pictures of my mom's dog, so [here ya go](https://imgur.com/a/e9vkO). +Like the title says, I'm trying to rent out my current home ($2500/mo mortgage) for $3200 (lowered from $3500 due to no traffic). + +A company reached out wanted to make this a sober living home. They do inspections and make sure the house is clean and in good condition every 3 months and they hold themselves liable. They are willing to pay $3700 per month. + +Any thoughts? +Because looking at the price action, it's $14,564 a share now and 2022 was a tough year for me. I had to build this time machine and it wasn't cheap so I have to cover my costs, I'm sorry. + +I will take some of the proceeds and and donate it to the WallStreetBets Museum of Autism on 5th Avenue in Manhattan that opened last week; the original piss-drinking martini glass was amazing to see in person as was DFV's headband. + +It's a bit lonely on earth now that the population has dropped by 9.4m but I will hopefully catch you on the next $TSLA moon flight next week. Can go to the MilkBar at Promontorium Archerusia and catchup on good old times when we used to live on earth? + +&#x200B; + +EDIT: FUCK I ACCIDENTALLY POSTED THIS TOO EARLY - this is a glitch in my faulty time machine and I don't know how to amend, was scheduled to post this for July 2023. FUCK. +I've only studied Economics to a high school level (although I will be studying economic history/history, politics and economics at University), and from what I gather, beyond this it becomes very mathematical. If Economists are thus using maths to come to their conclusions, why is it then that they come to different conclusions? Are they not all using identical models that they were taught as a student? I understand that my view is probably really simplistic and superficial, and perhaps I have a misconseption about what economists really do. So, if someone could enlighten me on this subject it would be greatly appreciated. Thanks! +The Royal Swedish Academy of Sciences has decided to award the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 2022 to Ben S. Bernanke, Douglas W. Diamond and Philip H. Dybvig “for research on banks and financial crises”. + +#### Nobel Prize Committee + +* [Video announcement](https://www.youtube.com/watch?v=6ivwtz7cPwg) +* [Summary](https://www.nobelprize.org/prizes/economic-sciences/2022/summary/) +* [Press release](https://www.nobelprize.org/prizes/economic-sciences/2022/press-release/) +* [Popular science background: The laureates explained the central role of banks in financial crises](https://www.nobelprize.org/uploads/2022/10/popular-economicsciencesprize2022.pdf) +* [Scientific Background: Financial intermediation and the economy](https://www.nobelprize.org/uploads/2022/10/advanced-economicsciencesprize2022.pdf) + +This page will be expanded with additional news coverage and commentary as the day progresses. Please direct all Nobel discussion here. +A centralized, mutable pseudo-blockchain projectd by a guy with a history of scams/shitcoins gets 4 billion thrown at it. + +And I'm not even mentioning that the whole business concept makes no sense at all, or the actual token that people bought entitles them to fuck all nothing. + +This will all look so ridiculous in hindsight, I bet that video with space invaders will be laughed about for generations. + At first I thought it's just one guy trying to pump his random coin(see Arthur Hayes article: [https://blog.bitmex.com/chain-reaction/](https://blog.bitmex.com/chain-reaction/) ), but then I saw more and more people jumping into new coin and I started connecting the dots. + +Some of you might already knew about Greyscale or Kucoin shorting Doge in May and causing it's price to drop, or Elon Musk suddenly causing BTC to crash(and Dogecoin with it), but it was only the begining. Now they want new coin that they market as "one that will bonk Doge" to create meltdown in the crypto market and spark the need for regulations. + +Here's some of that involvement illustrated here: [https://i.imgur.com/IYS33Yu.jpg](https://i.imgur.com/IYS33Yu.jpg) + +There's no way all these people decided to just get into some coin out of nowhere without big plan for it. There are even "mysterious donors" in their community that literally buy billboard ads in NY (see: [https://i.imgur.com/1Uzc5MG.jpg](https://i.imgur.com/1Uzc5MG.jpg)) and there's more and more coming in Australia, Germany, even in London or freaking Dubai, this isn't organic! + +Something like that doesn't just pop up organically, it's all planned. Nothing is like it seems. We need to spread awareness of this to whole crypto community, because it's not only attack again the Dogecoin, it's attack on whole crypto itself! Also, there's Bill Gates. + +Please help me spread awareness about this. +Her and I were talking about wages recently and I mentioned how the only jobs in the area I live in are fast food or retail and they pay between $12-$15/hr. I was a GM at a fast food place making $16/hr until I quit in September. My mom said jobs like that aren't meant to support people because they don't take any skills. Ironically, she was a lunch lady all of her life with no education farther than high school and if she hadn't brought extra food home from work, we wouldn't have had anything at times. + +It just has me questioning the validity of that belief. It probably was true at one time, maybe when she was growing up, but I feel like in the last 20 years, those jobs have become more relevant in the sense that they're not just for teenagers. When I worked as a GM, I'd say the new hires were about 50/50 teenagers and adults. + + + +What sparked the discussion was I passively mentioned how frustrating it is that there are no jobs in the area that pay well. So if you don't have connections or degrees, you're just out of luck? +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 I've been writing a small trading app, and I found TD Ameritrade's API support... lacking. I spent some time implementing the individual API endpoints I needed, but got carried away since I'm locked indoors because of the quarantine. I present to you all, a [feature-complete, documentation-included wrapper around the TD Ameritrade HTTP API](https://github.com/alexgolec/tda-api). + +You can install it using `pip` like so: + + pip install tda-api + +It supports everything that the API supports, and even throws in a few useful helpers to do things like getting the most recently placed trade, etc. + +Probably the most important thing it provides is a wrapper around the login flow. You can tell by the [number](https://www.reddit.com/r/algotrading/comments/914q22/successful_access_to_td_ameritrade_api/) of different [posts](https://www.reddit.com/r/algotrading/comments/c81vzq/td_ameritrade_api_access_2019_guide/) about [gaining access](https://www.reddit.com/r/algotrading/comments/ab236f/td_ameritrade_python_api_accessrefresh_key/), login to the API is an absolute nightmare. I've made this as simple as possible by using `selenium` to open the login flow in a web browser. It also implements automatic token refreshing, so you don't need to manually reauthorize for 90 days. To demonstrate how it use it, here's a complete application that grabs the past twenty years of price data on `AAPL`: + + from tda import auth, client + import json + + token_path = '/path/to/token.pickle' + api_key = 'YOUR_API_KEY@AMER.OAUTHAP' + redirect_uri = 'https://your.redirecturi.com' + try: + c = auth.client_from_token_file(token_path, api_key) + except FileNotFoundError: + from selenium import webdriver + with webdriver.Chrome() as driver: + c = auth.client_from_login_flow( + driver, api_key, redirect_uri, token_path) + + r = c.get_price_history('AAPL', + period_type=client.Client.PriceHistory.PeriodType.YEAR, + period=client.Client.PriceHistory.Period.TWENTY_YEARS, + frequency_type=client.Client.PriceHistory.FrequencyType.DAILY, + frequency=client.Client.PriceHistory.Frequency.DAILY) + assert r.ok, r.raise_for_status() + print(json.dumps(r.json(), indent=4)) + +You can check out the full documentation [here](https://tda-api.readthedocs.io/en/latest/). +So for the first time, I have chartered a small private plane. Those of you who do this regularly, do you tip a pilot? It seems weird based on the price I'm paying, but OTOH it seems weird not to for such personal service. +Throwaway account because of media coverage. Sorry for the lengthy post. + +**TL/DR: Please ELI5 how I can make untaxable $1+ million grow? Should I take the entire amount or get a structured settlement for life? Imagine I really am 5 years old with poor impulse control and no understanding of money, so ELI5 your reasoning behind your advice. TIA!** + +I have no parents or close family, was poor all my life, and I'm just now on my way to a career that will be lucrative once I finish schooling. In my new career, I can retire at 62 with a reduced pension (67 with full pension) and after 1 year more of training and licensure, I will have a starting salary of around $75-80,000 which is more than I have ever made in my life. Within 8-10 years, if I stay put, I will be making over $100,000, around $125K when I retire. + +I have always toyed with the idea of becoming a medical professional. (Worked in EMS for 3 years). Nurse practitioner ($100K+/yr), physician ($300K+/yr), physician assistant ($100K+) are all careers where I can get full scholarships if I choose primary care. Anesthesiologist Assistant ($150K+/yr) is only a 2 year Master program but it's not considered a primary care profession so I'd have to pay tuition, plus the number of states AAs can practice in is limited. + +I'm currently in a public service profession, though I have been and done a lot of different things, mostly low-paying jobs beneath my education qualifications, and went years without holding down a steady job (and spent years working a job where I received a lot of cash and have nothing to show for it.) + +I love my job, I feel I like I might have finally found my way in life after much searching and instability. The only downside is I have to live in this city, my hometown, and I am a free-spirit type of person who not only loves to travel and see the world but I also can't stand city life. (Nurse practitioners and doctors can travel and get paid, it's called locum tenens) I really want to live in the country and own acreage but my current job requires city residence. + +Because of something that happened to me while I was underage, I will be receiving at least $1,200,000 in the very near future. If I receive that amount, I can expect $720,000 after attorney's fees. My attorney has assured me I will probably receive more than that due to me being underage and the extent of the damage. + +So let's just say I receive $1,200,000 (and attorney's fee has already been taken out, meaning I received $2 million) + +1. Do I take a lump sum or a structured settlement via annuity? Since I know absolutely nothing about money and how to make it work for me and have had a flighty type of bohemian hippie life, I was leaning toward structured settlement for 40-50 years, receiving a monthly payment of $2000-$2500. At least that would guarantee some type of financial security until my late 80s. It's not much but it's untaxable and if can cover my basic needs in the US or cover a lot more if I moved to another country (Costa Rica, Panama) where I can retire at any age on $1000/month or buy some land and go off-grid raising chickens on a homestead. +2. Should I take a lump sum, pay off debt (maybe estimated $100K total, with student debt, credit card debt, etc), and try to invest in index funds or the stock market? + +"Index funds" and "stock market" are buzz words, fwiw. I guess I'm asking for help or guidance. I want to be prepared to handle this unexpected windfall. I've read tons of stories of how people go broke within 3-5 years after receiving such a blessing or winning the lottery. I don't want to be that person. If there are any tips, tricks, books, podcasts, companies, or websites you can point me to, I'd really appreciate it. I've already started cutting back my online monthly subscriptions. Even though I just moved to a bigger place (I rent), for the past 3 years I lived very frugally in a one room apartment the size of most people's walk-in closets. My restaurant delivery bills were expensive though since I had no kitchen. + +At this point I don't know exactly how much I will receive. It could be more than I estimated above. My attorney thinks it will be. So if I get awarded $3 million, I will get $1.8K after lawyers fees. But once I take the structured settlement or lump sum, that's it. There's no turning back. I am terrible at doing taxes, it's literally all greek to me but this money is untaxable, I know that much. + +I'm childfree and without a partner or close family and I have no intentions on changing that. I did recently learn I have 4 nephews and a 1 niece from an estranged half sibling who died suddenly at age 40. I'm debating paying for their college tuitions, though we don't even speak and are just barely starting the beginnings of a relationship. (They have no mom or dad now and are being raised in lower-middle-class/upper-lower-class poverty from a hard background like I was.) I am also tempted to pay for my grandmother's nursing home, but I'd lie and say it was from an A-list celebrity I've been friends with for over a decade (really thinking about that, because her son, my uncle is evil and his kids, my cousins are evil too. They would have no way to contact this celebrity, the lie would hurt no one.) + +I learned a lot about so-called "family" when my terminally ill single mother died in her 40s. She died without teaching me anything about finances and she was a total mess (like I am), and it was only because i had a friend who was an attorney who helped me find a life insurance policy that lapsed and used his lawyering to get me $100,000 from her policy. + +To me, that was a ton of money. But everyone in my family from the above uncle and his kids to my uncle's friend came at me, not to help me grieve or to offer a shoulder to cry on, they came with palms outstretched (pay off their student loans when I haven't even paid off mine yet, invest in this scam, etc). Family who had never once been there for me or even spent time with me suddenly wanted to call me up or see me and it always came back to "Can I get...?" + +I was so depressed I ended up running away to another country and blowing through it all in under a couple of years on absolutely nothing of consequence. In my mind, I remember thinking, will my family be there for me if I'm penniless? I justified my deliberate actions by reading stories of people who had made and blew fortunes repeatedly. So I deliberately blew $100K and not even on sex, drugs, or booze like most people do. To be honest I don't have anything to show for it, but I really don't regret it. + +The only thing I regret is not taking care of my grandparents and I felt guilty for a long time after that, but luckily I apologized profusely to both my grandma and granddaddy and they forgave me. I was there for my granddaddy before he died, dropped everything, moved back to my hometown and changed careers to care for him. Sorry for the novel, but this is where my desire to care for my grandma comes into play. + +I'm a few years short of 40 and hopefully I'm mature enough to finally learn how to get a handle on my finances, but oftentimes I feel I was emotionally stunted in my teens because of painful experiences I faced, including what is now ironically, going to pay off. + +Any help or insight you can provide would be greatly appreciated. + +Moderators, please remove if this is the wrong place to post. Thank you in advance for your advice and compassion. +I’m only 25, so I’ve only been renting a few years now and never experienced the glory days when the apartments in my area went for 500-600 each, but even in the few years I’ve been renting the prices have gone up so much it’s insane. The place I’ve lived for two years now just decided to - without making any improvements to the interior of any units - start charging $300 more for rent. They’re saying the $300 increase includes new admin fees and “amenities” but this place has no gym, no in-unit washer/dryer, no covered parking of any kind, no outdoor grills or lounge areas, no business space or even public printers, no dog park, no cool movie room like some apartments in the area, not even a lounge area open to residents in the office. + +They’re also forcing a $25 “valet trash” fee on us whether we want it or not, and they used to include some utilities but decided not to include any anymore. In the next two months my $800 one bedroom with one $60 electric bill is going to be an $1100 one bedroom with a $60 electric bill, a $60 water bill, and a $25 valet trash fee. And it’s still the same garbage apartment it was when I signed the lease! + +Well, I decided if I wasn’t getting a good deal here I may as well look elsewhere. If they’re shaking me down for my last dollar I might as well get a gym out of it, right? Except somehow, every reasonably-priced apartment I looked at two years ago before moving into this place has tacked on hundreds of extra dollars in fees since then. A $200 application fee, but then also a $200 admin fee before you can even move in. Oh wait, and also a $400 deposit, and $250 deposit for pets. Per pet. Oh and also you HAVE to use their internet services which are going to run you an additional $200 at move-in, and no they don’t care if you have your own equipment from a different company. $1000 for a one-bedroom? No, sorry if you want to live here you’ll be paying $1200 for a studio if you’re lucky. That’s if they actually let you in with your income, and no that application fee isn’t refundable if they decide to reject you. + +Like, Jesus Christ people! You might as well just charge me an extra $3000 just for having the audacity to gaze upon your unremarkable beige complex! I just don’t understand how anyone, especially students in the college town where I live, is making enough to live in these places. And I haven’t even touched on pet rent, fees just to move in or out, renters insurance, places that require last month’s rent before you can move in, background checks, parking fees, or even all the money you’ll have to spend on ACTUALLY moving to buy boxes or rent a truck. I can’t even figure out what the endgame is here if everyone in town is priced out of all the complexes, will they start bussing people in from DFW or what? How is this sustainable for any of these landlords and what are they going to do when no one can afford to live here anymore? + ༄ 𝐁𝐎𝐍𝐅𝐈𝐑𝐄 is here to stay as a steadily increasing cryptocurrency - if you are looking for a pump and dump, this coin is not for you. We are reaching for the edge of the galaxy, and are not trying to stop at the moon. + +**PURCHASE USING PANCAKESWAP VERSION 1** + +꧁BASIC STATS꧂ + +>༄ Market cap: \~$37K AND CLIMBING ༄ ATH market cap: $100M +༄ 100,000k holders in under 2 weeks +༄ Upcoming Whitebit listing +༄ Listed on CMC and CG + +꧁USE CASES꧂☼☀︎︎FIRESTARTER☀︎︎☼ + +>༄ A unique Launchpad project in development by the BONFIRE team. +༄ **FireStarter is the second step towards building a BONFIRE dApp ecosystem.** +༄ **Screenshot of beta app coming next week!** ༄ It will provide all the tools necessary for new projects to reach potential investors through initial coin offerings and initial decentralized exchange offerings. +༄ **FireStarter is a platform that allows its users to invest in vetted and audited newly established projects in the form of a presale with a fixed token price, allowing the opportunity to buy tokens at a lower price than the listing price.** + +☼☀︎︎Q3 2021: BONFIRE NFT MARKET☀︎︎☼ + +>༄ **We are building a unique, frictionless NFT trading market,** where you can analyze, track, and discover valuable blockchain-based NFTs in real time. +༄ **We have other amazing plans for the NFT market in general that are currently undisclosed.** Stay tuned! + +☼☀︎︎END OF YEAR GOAL☀︎︎☼ + +>༄ Our community will migrate to a fully functioning social media platform with an ecosystem running on BONFIRE token\*\* +༄ We aim to implement **liquidity pools between friends, NFT AR/VR showrooms, full profiles, daily games, quests, and much more.** + +꧁MORE INFORMATION꧂ + +>༄ We have an incredibly transparent and genuine team, **and several devs have doxxed themselves.** They are all very active in the community on every social media platform. You can tell how invested and passionate they are about this project in the AMA (Ask Me Anything) videos. ༄ **We have a social media presence on Twitter, Reddit, TikTok, YouTube, Instagram, and Twitch.** Along with our official social media accounts, which can be found below, we have thousands of community members who contribute to promoting the coin. ༄ Our community is unlike any other, and we are all here for the long haul. We are here to support each other and have a good time on the way. + +☀︎︎ OUR WEBSITE: [bonfiretoken.co](https://www.bonfiretoken.co/) + +>༄ 𝑳𝒊𝒗𝒆 𝒕𝒐𝒌𝒆𝒏 𝒊𝒏𝒇𝒐𝒓𝒎𝒂𝒕𝒊𝒐𝒏 +༄ 𝑾𝒉𝒊𝒕𝒆𝒑𝒂𝒑𝒆𝒓 +༄ 𝑹𝒐𝒂𝒅𝒎𝒂𝒑 +༄ 𝑬𝒙𝒕𝒆𝒓𝒏𝒂𝒍 𝒂𝒖𝒅𝒊𝒕 +༄ 𝑴𝒆𝒆𝒕 𝒕𝒉𝒆 𝒕𝒆𝒂𝒎 + +꧁JOIN THE DISCUSSION꧂ + +>༄ [𝑫𝒊𝒔𝒄𝒐𝒓𝒅](https://discord.gg/bonfire) +༄ [𝑻𝒆𝒍𝒆𝒈𝒓𝒂𝒎](https://t.me/BonfireTG) + +꧁SOCIAL MEDIA LINKS꧂ + +>༄ [𝑻𝒘𝒊𝒕𝒕𝒆𝒓](https://twitter.com/token_bonfire?s=21) | u/token_bonfire +༄ [𝒀𝒐𝒖𝑻𝒖𝒃𝒆](https://youtube.com/channel/UCy6OaZjILnABwiQgCzc51Lg) Bonfire Token +༄ [𝑹𝒆𝒅𝒅𝒊𝒕](https://www.reddit.com/r/BonfireToken/) | [r/BonfireToken](https://www.reddit.com/r/BonfireToken/) +༄ [𝑻𝒊𝒌𝑻𝒐𝒌](https://www.tiktok.com/@bonfiretoken) | u/bonfiretoken +༄ [𝑻𝒘𝒊𝒕𝒄𝒉](https://www.twitch.tv/bonfire_token) | u/bonfire_token +༄ [𝑰𝒏𝒔𝒕𝒂𝒈𝒓𝒂𝒎](https://instagram.com/bonfiretoken?igshid=4js5c4zkevif) | u/bonfiretoken + +꧁AMA LINKS꧂ + +>❶ [4/25/21 | YouTube](https://youtu.be/mDGU00LkjNo) +❷ [4/28/21 | YouTube](https://youtu.be/2gHeLVx8P3k) +❸ [5/1/21 | YouTube](https://youtu.be/n2BeuqgQSmU) +❹ 5/4/21 | [YouTube](https://youtu.be/Gg6pZ0mJzI8) | [Twitch](https://www.twitch.tv/videos/1011099228) +[https://finance.yahoo.com/news/magicmed-industries-announces-agreements-university-120000249.html](https://finance.yahoo.com/news/magicmed-industries-announces-agreements-university-120000249.html) + +This is good news as bigger investors are getting in. Does anyone know who the potential investor(s) are? +Wtf? Has everyone lost their sight of the goal? +20 m is the floor. Why get excited for a 10 dollar rise in price? Why congratulating people NOT selling at 200? As if anyone was thinking of selling? SMELLS like FUD to me. Please dont upvote those posts claiming this fantasy. +&#x200B; + +https://preview.redd.it/fl04zjqd26z61.jpg?width=700&format=pjpg&auto=webp&s=2536b9fbe8a8627d03a572b8f79fcc0c21d966db + +*This is one of a series of posts where I will apply my fast and dirty historical fundamental analysis to some of the biggest dogshit stocks of 2021. If you are interested in the process I use below to evaluate a stock, check out* [How Do I Buy A Stonk???](https://www.reddit.com/r/ASX_Bets/comments/lzjpvf/how_do_i_buy_a_stock/) + +# The Business + +&#x200B; + +https://preview.redd.it/t82d6wzi26z61.png?width=2000&format=png&auto=webp&s=851da3b7239dfef624b0241c55dff1e1c5db01bd + +>“Appen collects and labels images, text, speech, audio, video, and other data used to build and continuously improve the world’s most innovative artificial intelligence systems. Our expertise includes having a global crowd of over 1 million skilled contractors who speak over 235 languages, in over 70,000 locations and 170 countries, and the industry’s most advanced AI-assisted data annotation platform. Our reliable training data gives leaders in technology, automotive, financial services, retail, healthcare, and governments the confidence to deploy world-class AI products. Founded in 1996, Appen has customers and offices globally.” + +Appen have grown into a company connected to some of the biggest technology companies in the world, operating at the leading edge of the AI industry, with revenues in excess of half a billion dollars. It’s one of the largest and fastest growing tech companies in Australia. + +# The Checklist + +* Net Profit: positive last 6 years since listing. Good ✅ +* Outstanding Shares: stable, trending up slightly. Good ✅ +* Revenue, Profit, & Equity: growing rapidly. Good ✅ +* Insider Ownership: 9% w/ significant selling last year. Bad ❌ +* Debt / Equity: 5.2% w/ Current Ratio of 1.8x. Good ✅ +* ROE: 21.6% Avg L6Y w/ 9.8% 2020. Good ✅ +* Dividend: 0.6% Avg Yield L6Y w/ 0.9% FY20. Bad ❌ +* BPS $3.97 (2.8x P/B) w/ NTA $1.03 (10.6x P/NTA). Neutral ⚪ +* 6Y Avg: SPS $2.53 (4.4x P/S), EPS (48x P/E) Bad ❌ +* Growth: +52% Avg Revenue Growth L6Y w/ +11.9% 2020. Good ✅ + +**Fair Value (Hist.): $6.12\^** + +**Target Buy (Hist.): $4.77\^** + +^(\^Using historical averages. I’ll revise this using only 2020 figures later on in “The Target” section.) + +# The Knife + +&#x200B; + +[marketindex.com.au\/asx\/apx](https://preview.redd.it/ifqzf58u26z61.png?width=945&format=png&auto=webp&s=bdb8b5935c311583f76a84a05e8562e811f65eac) + +Despite having about 25 years of history in Australia, APX is relatively new to the ASX. They listed in 2015 at 50cents. At the time, their market cap was about 50million. By the middle of 2020, their market cap had grown to just over 5 billion. In 5 short years, APX had increased over one-hundred fold in size. + +If you had bought in at their IPO and sold at their all time high, you would have made +8,600% on your money. Unfortunately, had you held only 6 months longer, or worse still, bought at the all time high, you would have lost nearly 75% of that value. + +A more discerning investor may have waited until the end of 2020 before buying back into the company, the share having already shed half its worth. But at the close of Fri 14th May 2021, at $11.00, those who bought the dip would be down half the value of their investment YTD. + +APX might well be simultaneously the stock with the fastest climb and the stock with the steepest fall the ASX has ever seen. + +# The Diagnosis + +The Short Answer: Tech Stocks were wildly overvalued in 2020 post pandemic lockdowns. + +The Shorter Answer: APX is a labour hire company masquerading as a tech stock. + +**What is Appen?** + +To be fair, APX is certainly on the cutting edge of the AI industry, just not in the way that some might think. Perhaps one of the defining attributes of APX is that they are an innovative labour hire company. They provide a product that is heavily labour intensive and do so profitably by being able to balance the size of their workforce with the work that is required through crowdsourcing. + +&#x200B; + +[DreamHack 2010 World Record Lan Party](https://preview.redd.it/ofvwl23z26z61.jpg?width=1024&format=pjpg&auto=webp&s=93c0da8b2b98898e714106cb1992d1882d0f5a31) + +Imagine tens of thousands of people in a room working on computers doing painstakingly menial computer work. Like thousands of people evaluating millions of captcha results to make sure that robots know whether or not other robots are robots. + +&#x200B; + +[The Trials and Tribulations of a Captcha Annotator](https://preview.redd.it/u3bfucw136z61.jpg?width=1000&format=pjpg&auto=webp&s=500e38b8fef8f622e39d28a2908870618d7997d0) + +I make light of it, but in reality the kind of work that Appen does is quite sophisticated. The current generation of AIs require a massive amount of data that cannot be simply uploaded into their systems directly. It requires “supervised learning” which takes the form of annotated datasets, in which a human has assigned the meaning to thousands if not millions of disparate data points. + +&#x200B; + +[ Image Annotation for Self-Driving Cars](https://preview.redd.it/s8h8hu2436z61.png?width=3076&format=png&auto=webp&s=290c32853d01972980a54347c826361ece83b18a) + +From detailed annotated labeling of traffic photos for self-driving cars, to assigning the meaning of a particular piece of a .wav file for voice recognition services, and everything in between. It’s a time consuming and labour intensive job. Rather than companies like Tesla or Apple hiring thousands of employees, training them to annotate the data, and then being left with a bloated workforce, it makes sense for those companies to hire a 3rd party specialist with the operational infrastructure in place to provide the data. + +The crowdsourced “flexible contractors” under APX’s wing are trained in an advanced annotation platform that is used to evaluate all sorts of data. Over the years they’ve cultivated a huge group of people from all over the world that they can call upon to work on different types of projects depending on their skillsets. + +**What Appened to the SP?** + +All of that is all well and good, but what really broke the back of APX’s share price? It certainly wasn’t a major shift in the market away from AI. It would appear to be a case of overheated expectations in the market. When looking at APX’s year on year growth leading up to 2020, it’s easy to get carried away. Between 2017 and 2018, APX more than doubled their revenue from 166mil to 364mil. Their NPAT and EPS exploded almost 200%. + +APX’s overall growth cooled off by 2019, but the nominal amount of revenue increase was still quite staggering, going up to 535mil (+171mil). While their EPS took a knock that year, that could have been written off as part of the acquisition of Figure Eight (software company with a industry leading platform for annotation). + +&#x200B; + +[marketindex.com.au\/asx\/sectors\/information-technology](https://preview.redd.it/5im9djk736z61.png?width=885&format=png&auto=webp&s=b9efe18e782f38b1a3f6aa781a555d27f380858d) + +Those looking at the burgeoning sector of AI would have seen the enormous, almost limitless, potential for further growth. Perhaps they expected to see the level of growth APX achieved in 2018 again in 2020. Add that to the fact that the pandemic had many in the market seeing tech stocks as the beneficiaries of a windfall, as the pandemic lockdowns forced people around the world to change their lifestyle and ways of doing business. + +&#x200B; + +[The Downfall of APX](https://preview.redd.it/l0nu0s9936z61.png?width=949&format=png&auto=webp&s=e8c1887eb49f010c25a544e456b0a4862f8fb7c2) + +APX climbed to euphoric highs in 2020, breaching the $43 mark in August. At the time roughly 140x P/E ratio. But the 1H20 report in August served as a bit of a gut check for investors. With exceptionally high growth already priced in, even the slightest slowdown would have been seen as stagnation. The 1H20 report didn't have good news. + +APX had ramped up the number of full time employees, almost double since 2019 alone. Exchange rates were impacting them, with 50million lost purely from foreign currency translations. Amortization up to 30million, coming from low base of 1 in 2017. Costs were going up everywhere. Indeed, APX would end up finishing 2020 with EPS less than it was in 2018, despite revenue that was nearly double. On top of that, growth on revenue seemed to be stalling, having only increased 12%. + +The writing was on the wall by the half year report. The share price collapsed. The growth in profit levels needed to support it just wasn’t there. + +&#x200B; + +[marketindex.com.au\/asx\/apx](https://preview.redd.it/po4s6hjj36z61.png?width=967&format=png&auto=webp&s=4d5c4fa27cd3915b6bbf0835d14366a328ca30e4) + +This wasn’t helped by notification earlier in June that the founder, CEO, and one of the board members had all sold quite significant chunks of their holding on market. An announcement cited such reasons as: “philanthropic endeavors”, “tax obligations”, and “diversifying personal investments.” Weak excuses. When combined with 1H20 figures, it may have indicated to investors that troubles were brewing behind the scenes. + +# The Outlook + +APX is a bit misunderstood. In a way, their fall is the result of a downgrade of changing perspectives. But what of 2021? A difficult question. Their growth in EPS has stalled the last 2 years and due to the nature of their reporting time (calendar year), we won’t know for sure if they are back on track or not until later this year. + +However, it may be useful to evaluate APX in a more general sense, by getting a gauge for how good (or bad) of a growth stock APX really is. This would certainly influence the way in which we approach the valuation. To do so, it’s important to elaborate a little bit on the core attributes that one would want to see in a good growth stock. + +**Characteristics of a Good Growth Stock** + +**1.** ***Scalable Business*** + +A scalable business is one whose costs are largely fixed, regardless of the output. This is why Tech stocks tend to be good growth stocks. Creation of software and systems platforms can be scaled infinitely without really incurring much more cost to the company. The more that they sell, the higher the operating margin levels. + +Conversely, a business that heavily rely on labour and physical product tends to have costs that increase linearly, in line with revenue. There may be some economies of scale that can be achieved along the way, but in general the operating margin remains similar regardless of the level of growth in revenue. + +**2.** ***Recurring Revenue*** + +The most common form would be subscription services. This way customers continue contributing revenue each year, and so growth can come through onboarding more customers through broader uptake of the product and/or increasing market share. + +Conversely, a business that is more project based will always have a headwind of having to replace sources of revenue. Such a business can still grow, but it must both ramp up its capabilities while also finding an increasing number of new projects each year. Such a business can be caught out in a market downturn, as it will have built up its overhead costs, but have no prospects for their use. + +**3.** ***Broad Application*** + +This translates into a business that has a vast pool of potential customers, and therefore a huge upper limit to its revenue. It also means that its less necessary to fight over market share with competitors, since growth can be achieved through finding and onboarding entirely new customers to the product. + +Conversely, a business that operates in a very niche industry has a natural ceiling on their potential revenue. Put simply, a business offering services in a multi-**b**illion-dollar industry has much more potential than a business offering services in a multi-**m**illion-dollar industry. + +**4.** ***Economic Moat*** + +In other words, a competitive advantage in the market; something that sets them apart and makes their business model difficult for other companies to replicate. This gives the business a level of protection from competition, and allows them to capture larger and larger portions of the overall market more easily. + +Conversely, a business with an easy to copy product runs the risk of coming up against fierce competition as their market becomes higher profile. This devolves into cutthroat fights over market share in an oversaturated industry. At worst, it could be the end of the business entirely as larger players cut them out of the market entirely. + +**5.** ***Market Entrenchment*** + +This has to do with how likely it is that the business’ product will continue to be required within their industry. For example, a product with a rock-solid market entrenchment is a staple food like rice. Regardless of whether a particular rice brand is successful or not, rice will be a significant part of the food staples market for years to come. + +Conversely, a business that makes a product that is not entrenched could easily find itself without a market. For example, typewriter manufacturers no longer exist, the very technology having been replaced by computers. It’s important to think of growth businesses in this way, as their success may depend on the relevance of their product within the market in the future. + +# The Verdict + +**Is Appen a good Growth Stock?** + +&#x200B; + +https://preview.redd.it/t8gflkfa46z61.png?width=813&format=png&auto=webp&s=a287db4a730c015ca4d5f3c11c06afdde5f9c686 + +Yes and no. APX have a lot of positive things going for them, and their historical growth has certainly been impressive. However, they fail the test of good growth stock attributes (at least partially). + +*Scalability*: a significant portion of APX’s revenue is tied to labour. As a result, costs don’t scale well. However, one positive is that APX’s innovative crowdsourcing approach allows their workforce capacity to be dialled back when work is slow, so it’s harder for them to get caught out in a downturn. APX also have an ever-increasing library of datasets from previous projects that can be sold as “off the shelf” products to new customers. More uptake on that front would allow them to improve their profitability. + +&#x200B; + +[Annotation software acquired in 2019](https://preview.redd.it/fierz07e46z61.png?width=750&format=png&auto=webp&s=0ac72b2f9538c2ee4f3d38a788dfb2085f840502) + +*Recurring Revenue:* The majority of APX revenues rely on an ongoing project orderbook from their customers, and they are heavily exposed to some very large customers at that. As a result, they must work hard to keep the projects coming in. However, one positive is that APX own the Figure Eight annotation platform, which allows them to sell licenses for the software, which gives them an outlet for some amount of recurring funds. + +&#x200B; + +[From APX 2020 Annual Report](https://preview.redd.it/fnbssxtg46z61.png?width=1240&format=png&auto=webp&s=660c8457a0eb8b41b5c8ceda8f97d3150840eaf8) + +*Broad Application:* This APX has in spades. To put it in the words of ARK Invest manager Cathy Wood in a recent commentary, “Artificial intelligence is going to permeate every sector, every industry, every company.” As long as training data is required, APX will have a growing basket of opportunities in the future. + +*Economic Moat:* I think APX benefits also from a shallow economic moat. It would not be impossible to replicate what APX does, but it would be very difficult. Replicating their products and services requires a level of technological sophistication, with an annotation program that produces training data that is “compatible” with typical AI systems. A would-be competitor would also need to be able to pull together a large team of trained personnel that can be called upon for different jobs. Building up a 1million+ member community that knows how to use your software and is actively participating in projects is not exactly easy. The amount of captured previous work in the form of pre-packaged datasets is not insignificant either. Their library of datasets represents millions of manhours worth of work. + +*Entrenchment:* APX’s main issue is likely with their market entrenchment. As AI improves, systems will be able to do what is called self-supervised learning (SSL), where the AI can reliably interpret raw data. APX themselves even use limited machine learning to assist in the efficiency of their annotation process. SSL would make human involvement unnecessary. + +&#x200B; + +[Facebook’s CTO tweet](https://preview.redd.it/0kap1w0p46z61.png?width=1200&format=png&auto=webp&s=ae3d1805be3481351afda42c2a1fb1b454c7c225) + +Though, being *necessary* and having *need of* are two different things. Larger tech companies may have the resources to develop and invest in SSL technologies. However, the speed of uptake on SSL is likely to be slow. Companies often use systems that are 5, 10, or 20 years behind the times. I expect SSL technology would also be a closely kept secret at first, being a major competitive advantage, and otherwise fetch a steep premium when offered more widely to the market. + +Even so, SSL is still in its infancy. Furthermore, APX claim that at this stage self-learning tends to require massive amounts of data for meaningful results, and as such is limited to the largest tech companies on the most data intensive projects. For now, there is a place for human instructed training data. + +# The Target + +With all that being said, if we think APX is worthwhile, then the next step is to find an entry point. I think the method to find a target price largely depends on how we evaluate the nature of the stock (growth or not), and then from there the assumptions about the future. + +**Traditional Valuation** + +If we take the view that APX is a misunderstood stock and only a tech stock in the most superficial way, then I’d say the traditional method is preferred. + +&#x200B; + +https://preview.redd.it/xdrt9ukt46z61.png?width=833&format=png&auto=webp&s=7982d340ac74bb5b99422618281655f5f933aacb + +Looking at their 5-year consolidated figures, it’s fair to say that an average SPS and EPS would be of no real value. Their growth trajectory has been insane. Therefore, it’s better to use only their 2020 figures. + +As such 2020 stats\* give us: + +* SPS $4.85 +* EPS 38.5cents +* BPS $3.97 + +This gives us fair and target prices as follows: + +**Fair Price: $8.32** + +**Target Price: $6.18** + +^(\* Note: Regarding book value, much of their equity is intangible assets. However, in this instance, given the nature of the business being largely about intellectual property and business systems, I think that it is justified. Furthermore, the dividend is so small and largely inconsequential to the valuation, so I’ve left it out of my price projections.) + +I think this is a reasonable set of prices to use as a baseline fair and target price. It allows for APX’s growth to plateau in the short to medium term at around their current levels. Not unreasonable if we expect them to lose ground with their largest clients due to SSL technology, but figure that they can offset that with new and smaller clients. + +**Growth Valuation** + +If we’re confident in the ability for APX to continue their growth trajectory then we may want to approach our entry point in a more finessed way. This would essentially involve trying to evaluate the level of the business’s earnings in the future based on our growth expectations. + +&#x200B; + +https://preview.redd.it/w58m885z46z61.png?width=961&format=png&auto=webp&s=d05eff6311254eb738fb0c5a9f020ef9d312cf71 + +One thing I think most people can agree on at this point is that APX’s price of $43.50 in August of 2020 was shooting well past the mark. Working off a 20% base SPS growth and 41cents EPS from 2020 (underlying), it’s easy to see why investors headed for the exits. At these levels, it would have taken almost 10 years to achieve a fair value based on the fundamentals. This is even giving APX a generous “tech stock” benchmark to work with, as regards to P/S and P/E ratios. + +On the whole though, I think a “years-to-achieve fair value” model is one good way to approach an entry point for a growth stock. There are two main variables to keep in mind. First, our assumptions on the future growth levels. Second, the number of years we are willing to buy in excess of the current fundamentals. + +&#x200B; + +https://preview.redd.it/c7lx0mn056z61.png?width=935&format=png&auto=webp&s=9f1bc482a2d582e14647faf12b60d01ae1d9470e + +Using a basic model, we can work out different entry point target prices based on our growth expectations and risk tolerance. Working off 20% growth forecast within a 2-year time window, a reasonable entry point might be $11.81. In addition to 2020 growth numbers, I’ve noted the last 2 years average as well as the last 5 years average, each with their own price points. + +Another more well-known strategy is the one employed by Peter Lynch. He is perhaps the most famous growth stock investor, using a bit of a hybrid approach of growth and value to determine his stock picks. If you’ve not heard of him, Lynch managed the Magellan Fund in the 1980s and consistently beat the S&P index by more than double each year. + +&#x200B; + +https://preview.redd.it/sp7j4fg156z61.png?width=935&format=png&auto=webp&s=83f88a4ad555e513c8bbd937952812e98c9e6785 + +Lynch popularized the PEG ratio, which is essentially P/E divided by Growth % (represented as a whole number). According to this valuation metric, fair value would be considered to be “1”. In other words, the P/E ratio should be less than or equal to the expected growth of the company. Using an expectation of 20% growth, then a good entry point might be $8.20. + +It’s perhaps notable to point out that even what would seem to be a small difference between 10% and 20% in both of these approaches produces quite a different target. So, the risk here is inherently in overestimating the growth level. So, if anything, I would suggest that these methods should be used in conjunction with the healthy reality check against the fundamentals. + +# The TL;DR + +Despite perhaps not being precisely what I would describe as a great tech stock or even a good growth stock, APX is still an excellent business. They serve some of the largest tech firms in the world, and the industry is growing almost exponentially. The long-term prospects of APX are tenuous though. Human annotated AI training data will at some point be obsolete, as AI systems become better at teaching themselves. However, I think it is realistic to expect that APX will have a role in the industry for at least the next 5 years, if not longer. + +The question then becomes, how do we evaluate APX? Is it really hyper growth stock? I don't think so. Furthermore, given the less reliable recent growth and long-term uncertainty, it would likely be better to use as conservative a valuation as possible. As for me, it’s on my watchlist. + +*As always, thanks for attending my ted talk and fuck off if you think this is advice.* 🚀🚀🚀 + +*I'd love to hear other's opinion on APX and whether there is potential here that I am not seeing. Also, suggest other dogshit stocks that are/were on the ASX 200 index, and I might put them on the watchlist for a DD in future editions of this series.* + +*Currently on the Watchlist (rough order): TLS, AMP, IFL, TGR, RFG, TPG, WHC, SXL, ASB* + +*Previous Editions of Catching the Knife:* + +1. [The Second Australian Company (AGL)](https://www.reddit.com/r/ASX_Bets/comments/ms53c0/catching_the_knife_the_second_australian_company/) +2. [The Daigou Milk Company (A2M)](https://www.reddit.com/r/ASX_Bets/comments/mxf4xu/catching_the_knife_the_daigou_milk_company_a2m/) +3. [The Largest Australian Energy Company (ORG)](https://www.reddit.com/r/ASX_Bets/comments/n1va2b/catching_the_knife_the_largest_australian_energy/) +4. [Amazon’s Bogan Australian Cousin (KGN)](https://www.reddit.com/r/ASX_Bets/comments/n7cpxk/catching_the_knife_amazons_bogan_australian/) +How much would you make if you bought at the day's Close and sell next day at Open, nightly strategy? + +I wondered so I wrote backtest to test all the active stocks from 2019-01-01. + +Stocks that are younger than that are not included in the backtest. + +Getting so much data can be finnicky so I did 2 runs: + +- adjusted price (for splits and dividends) +- not adjusted price + + +There will be some discrepancies between those 2, but other than stock HCHC I didn't find big ones. + + +There's a lot of data so please take a look yourself: + +**Sheet:** + +- https://docs.google.com/spreadsheets/d/1SM2hRW_xb-u1R9ItfBNfZi8lKvBTcfkhsczSzQtkhoU/edit?usp=sharing + + +**Charts:** + +Each stock has their own chart with 3 benchmarks: + +- SPY buy and hold +- stock buy and hold +- stock daily trade: buy at Open sell at Close + +Charts are also divided for adjusted and not adjusted prices + +*Adjusted:* + +- https://drive.google.com/file/d/18lUGfTyOx6dyWkYne7zah3b6466Yaca2/view?usp=sharing + +*Not adjusted:* + +- https://drive.google.com/file/d/1kLYV3dzMW0wOz508eDb_Eezle53S9vBr/view?usp=sharing + + +There you go, let me know if you find something interesting. +________________________________________________________________________ +*Edit: I did not make these trades, last 2 years means I took data from 2 years ago till today* + +*P.S. write down your backtesting requests and I'll see to fulfill if have time.* +Currently the majority of my holdings are in ETFs both in my taxable and Roth accounts. I only own two individual stocks. Besides perhaps this strat hindering how quickly my investments grow, any other downsides? I don't have much time to constantly keep track and I am relatively risk averse. + +I also would like some advice as to what age would it be proactive to start setting money aside into bonds. I am currently 23. + +Any info is appreciated! Thanks! +It is a 2 family in NYC for 450k. My max for a 2 family is 550k. This place will require repairs though, the realtor recommended 200k of repairs. I dont need to make it absolutely gorgeous, just good enough to rent out one part while living in the other part. This is my first house. Thoughts? +Let me start off by giving a quick rundown of my concerns: + +I (F22) am an only child to my parents (Mom is 62 and Dad is 60) who got started late in life. We lived in a trailer until I was about 7 years old, and then we started renting our very first home. Fast forward to now, they bought a home 4 years ago after downsizing drastically but they still won't ever be able to afford it. (We live in the Seattle area if that helps paint a picture). They both work very laborious jobs (tades) and their health is getting quite bad. + + My mom was in the hospital and had 2 emergency operations last month. Since then, they've been admitting to me how truly depressed and scared they are. Not just for themselves, but for me. I am dealing with my own health issues and lost my career due to being unable to work. I don't have any money now either and rely heavily on my parents as they are my only family and support system. My dad told me that he's deeply sorry he wasn't able to send me to college and that I will have to find someone who is willing and financially able to care for me soon, because my parents won't be around much longer. + +I am so scared of the future, and I feel like I'm the only 22 year old feeling the pressures of taking care of her aging parents while having no money and poor health myself. I don't know what to do. I wish my parents could stay home and take it easy as they deserve... Any advice helps. + +Edit: I'm very emotional reading these responses. Thank you so much to everyone below, I am trying to read every single comment and reply to as many as I can. I have so much new information now and a place to start! +Right now I’m at £12,500 ($17,500, I’m based in UK) and currently age 21, it feels good to be able to have a solid amount in investable assets. Because I’m based in UK, I get 15% tax on US dividends but oh well, I get roughly £170 per year in dividends mainly because I invest in companies with super low yield like MasterCard and Microsoft and few growth stocks. + +My goal is to reach £20,000 (roughly $27000- 28000) by the end of the year. My long term goal is to have £100,000 by 2030 so that it’ll be able to compound itself with few regular deposits to allow myself to retire early and comfortably. + +Ah yeah I also invest in a tax wrapper so any gains and dividends made won’t be taxed by UK which a nice plus. + +Edit - We should start celebrating smaller goals like 5 figures and 4 figures not just 6 and 7. From the comments I’ve gotten it has motivated me a lot more! + +Edit 2 - Thank you for those that upvoted and commented to congratulate me! And those medals are awesome! +These aren’t you run-of-the-mill companies I’m talking about. I’m talking about fortune 500 companies that have done extensive research before allocating billions of dollars combined into bolstering their presence in the crypto market. + +If its a few companies join the market then one might take this with a grain of salt. But the reality is that a pretty significant number of big-name companies are joining the crypto market right now. + +Apple will soon be onboarding hundreds of millions (possibly even 1+ billion) users into the crypto market through their ecosystem. + +Other companies like NVIDIA have also benefited a lot from the crypto market through the major demand for their GPUs + +There are also many companies joining alliances with crypto projects most notably Polygon who’s recently secured many partnerships. + +Stripe (one of the largest Fintech companies and 5th most used payment app in the US) already partnered with Polygon as their scaling solution for payment. Bentley also partnered with Polygon a couple of days ago for their NFT releases. And they’re also partnering with Instagram soon in order to enable users to display their NFTs on their profiles. + +This is not mentioning the multitude of other crypto projects that are helping traditional companies step foot into the crypto market. + +So the bottom line is, these billion-dollar companies have teams of financial advisors and they rarely ever lose on their investments. So I really don’t think that ALL these major companies are investing billions of dollars into something that is a “Ponzi scheme" +No one knows the future. All we have to go off of is what we knew, and what we know now. And it's also hard when emotions come into play. I've missed out lots of potential earnings, but I have learned it is not worth it to beat yourself up over. If we could see the future, we'd all be rich. Do the best you can with what you know today. Also don't be afraid to follow your gut. Your friend may not be giving you the best advice. +No one knows the future. All we have to go off of is what we knew, and what we know now. And it's also hard when emotions come into play. I've missed out lots of potential earnings, but I have learned it is not worth it to beat yourself up over. If we could see the future, we'd all be rich. Do the best you can with what you know today. Also don't be afraid to follow your gut. Your friend may not be giving you the best advice. +Today is cool. It’s my first ever payday as a full-time employee for a legit company. At the same time, small investments I’ve made over the last couple months are peaking a bit this morning. + +So I’ve got like... $2k. It’s the most money I’ve had at one time except for one summer after working on a weed farm. I’m freakin rich! + +Edit: hey thanks for the love and advice everybody. + +I am treating this very meagerly and slowly working to build a better life. I know I’m not rich in the grand scheme of things and there’s a lot of progress to be made. + +But 6 years ago I lived semi-happy in a tent at the best of times and was a suicidal drug addict at the worst of times. Having any money feels good, but having a relatively high-paying steady job with benefits and room for advancement and the mental state it’s taken to reach this point where I’m not withdrawing my memestonk and doge gains to buy opiates is what makes me feel the richest. + +Love to all of you. +tl;dr version: The dips are market manipulations by institutional players. Don't panic sell, and think carefully about where you set your stop-losses at least until the $100K mark. + +So I keep seeing people compare this bullrun to 2013 or 2017. But they're wrong. Unlike the inherently speculative nature of the previous runs, this is an accumulative run driven by institutions and high-wealth individuals. They think and act differently, and you need to know the difference. + +You may have noticed a pattern of late that an ATH is reached, and then it immediately pulls back significantly. I see people putting it down to "corrections" or "dips" that you normally see but it's not. It's an intentional market manipulation by those big players. + +The problem that they're running into is that there simply isn't enough BTC on the market at any given time to satisfy the needs of the institutions themselves and the clients they serve. They have to find ways to pump liquidity into the market, so this is what they're doing. + +They don't care about short-term trading losses. They're dumping large amounts of BTC in the form of BTC and derivatives to drive down the prices and trigger stop-losses and panic selling. BTC that would otherwise be safely locked up are being released onto the market, and they're snapping them up at (relatively) bargain basement prices. + +Then what happens afterward? They've now sucked all the possible liquidity out of the market. It's gone. Everyone they can possibly induce to sell has sold. Which leaves only those waiting for higher prices to sell. And so we hit a new ATH, rinse and repeat. + +So how will we be able to tell when it's a real "dip" or "correction." They've already told us. JPMorgan says their target is $146K. Citi says $300K. And if players like JPM and Citi have set targets, you can bet the others have too. We just don't know where they are. A safe bet is somewhere in between those two numbers. + +JPM probably won't wait for $146K to stop buying, and Citi's not going to wait for $300K. If I had to place a guess, I'd say somewhere that would leave them at least a 10% gain (which would be better than an average year investing in the S&P500). That places JPM's # somewhere around $130K and Citi at $270K. Until we're safely past $100K at the very least, they're not going to stop. Continue on with your HODLing no matter what kind of gyrations they put the market through. +Moral of the story: Only big developers have the bankroll to navigate the bureaucracy. + +TL;DR. After two years and $80k wasted, city council rejected our application for the usual BS reasons. + +If you have ever watched the YouTube doucmentary about the property owner of a laundromat in SF who tries to build housing, my experience feels similar but not as crazy obviously. If you haven't seen it I highly recommend it. + +So two years ago we began the process to try and combine two adjacent 50x110 lots and build townhouses in a medium sized city. + +The community consultation process that the city undertook two years prior had resulted in a majority agreement that higher density was wanted in the neighborhood. + +The neighborhood's proposed-but-not-officially-adopted OCP allowed for up to 4-storey medium density attached housing, so we were confident that our small project would move forward smoothly. + +One thing that the left coast does is tightly control zoning so that 99% of developments have to apply for spot rezoning to move forward. The cities are *loathe* to grant higher land values through density to existing property owners without taxing the unrealized profit. + +The economics of new construction also typically require higher density than any zoning allows. Again, this forces developers to negotiate with cities on how much of the land lift they have to give to the cities as a community contribution. For a 12-storey building it will be at least $1,000,000 that must be paid up-front before the building permit can be approved. + +So we worked with our architect to start the rezoning process. Drawings, surveys, arborist reports, traffic reports, water, sewer, engineering reports, renderings, and legal fees all cost us about $80,000. + +We finally submitted our rezoning application and there was another 6-months of added requirements and back-and-forth with the planning department. + +Two years after starting the process we got our public hearing and presentation in front of city council for our rezoning application. All mini hearings up to that point had green lit our plans. + +At the hearing, our architect presented the project to public and council. Four members from the public spoke against the project. They complained of increased traffic, parking, and shadows. They said it doesn't fit in with the neighborhood character. + +As is usually the case, zero citizens took time out of their evening to come and speak in support. + +Council agreed with the complainers, and also asked many questions about how much money we would give the city to do this project (policy at the time of submission didn't require us to give anything, and the low profit margin on a small development did not allow for additional $ contributions). + +As you can guess, after two years and $80,000 of unrecoverable costs, council, in 1-hour, rejected our application, sending us and our team reeling in disbelief. + +We are not sure what to do now. If we try to resubmit it will cost probably another $25,000 up front, and also an additional commitment to give $50,000+ to the city before even getting a building permit. That's all with no guarantee we would even be approved. + +And if we were approved we would be looking at approximately 18-months and another $150,000 in unrecoverable fees, hearings, variances, re-designs, loan fees, etc, before we have even spent a dollar on materials or labour. These amounts cannot be mortgaged either. + +Then after spending 10-13% interest on a multi-million dollar construction loan, if we are lucky, we can sell the units and maybe clear a small profit. If the market weakens and we cannot sell all the units, we lose everything. + +So if anyone wonders why housing is so expensive on the West Coast, think about our story trying to build a meager 8-units and how many developers straight up refuse to risk development in a broken system. + +Edit: spelling. Also happy to answer any questions about the process. +I have a company that I acquired for 60k, but now I have grown it to where I take home ~$4k/month and I only spend about 15 minutes/day. The biggest growth season is the Fall, but that only requires at most 1.5-2 hours/day. + +I am sitting on about $120k in debt, with about $1k in minimum payments each month. Rent is $660. + +I have a wife and two kids. I am thinking about getting a second bachelors degree with WGU in Computer Science (6-12 months) and then getting a SE job to help get out of debt and get the most out of my time. + +Any advice is much appreciated! + +Edit: I am 28M in Seattle. + +Edit 2: You all pretty much disagree with my plan, minus a small minority, and believe my best option is to get a job. Pay off the debt ASAP and then I can do whatever I like. + +This post has done exactly what I had hoped, which is to give me serious pause in my plans and carefully consider my next steps. Thank you all for your wisdom. +According to the research, 54 percent of consumers in the U.S. (125 million U.S. adults) are living paycheck-to-paycheck... when you factor this in and the many issues with the "unstable job market", COVID, unemployment rate, people refusing to work, "the collapse" , "the great reset", "Boomers had it it easy, the rest of the generations are screwed!" "generational wealth" and all these other buzz words. + + +It's hard to imagine that there's a whole other spectrum of people that can freely toss cash over 6 figures for a home. + +It's one thing to factor in the elite and their 100s of millions it's another of all these people showing up from wherever they were willing to give out cash so easily that it's become a mainstream problem. +*EDIT: This post is meant as a mathematical (\~Middle School Algebra) exercise regarding GME stock and shorts. The title itself is meant to be the literal end as intended, and describes how it would be impossible for all shorts (estimated) to be covered, closed and completely done and finished, with only using the available outstanding shares on the specific days stated. Please note that I have made no comments on possible options that HF's can/did use as* ***I DO NOT HAVE THAT DATA!*** *I have, hopefully, labelled the assumptions I made to do these calculations, and pointed out some general assumptions,more shorts mean more gains, sarcastically, that do not always appear to be true in the given data.* + +# These are just general findings, so chill the fuck out! + +&#x200B; + +Please note that the below plots are all done using publicly available data from FINRA, Jan29th text file ( [http://regsho.finra.org/CNMSshvol20210129.txt](http://regsho.finra.org/CNMSshvol20210129.txt)) Feb 5th text file ([http://regsho.finra.org/CNMSshvol20210205.txt](http://regsho.finra.org/CNMSshvol20210205.txt)) regarding short volumes and Yahoo Finance for daily volume and GME daily prices. + +I promise you the long read is worth it, but the TLDR version is at the bottom in Figure 9. The majority of the text is needed to inform a general audience of how an estimate of over 70 million shorts a day was reached. Please help out if there are any huge oversights, or wrong calculations, in the comments below, as I'm not responding to nearly any chats these days due to all the bots wanting me to either join an illegal conspiracy to raise the price of silver, or just shady as fuck. + +Below is just a plot of the daily stock prices at the open and close of trading during regular hours for GME (source Yahoo Finance). + +[Figure 1: No real new information from this plot that everyone doesn't already know.](https://preview.redd.it/hm1mk6i09yf61.png?width=600&format=png&auto=webp&s=1bbe89497fafa8b1d449cf203c66ad2b62cbe111) + +So as EVERYONE KNOWS, shorts can cause the price to rise in a given stock as the share of stock must be purchased, and with supply and demand, we aim for the heavens... + +[Figure 2: Shorts and Short Exempts \(note y-axis is in MILLIONS\) as reported by FINRA during regular business hours.](https://preview.redd.it/t8yyps5bayf61.png?width=600&format=png&auto=webp&s=e17249ce1c3e2349d7d082a2690d77bfa4a8c3ad) + +So let's do a quick sanity check. Looking at Figure 2, we see that on **Jan 13th, over 40 MILLION shorts were executed!** So if we check Figure 1on Jan 13th, we should expect to see that the price increased, which it did. + +Let's look at it a different way and plot the Closing Price minus the Opening Price to see just how much GME stock price changed each day. + +[Figure 3: Overall change in stock price from open to close of GME.](https://preview.redd.it/8dutm3frcyf61.png?width=600&format=png&auto=webp&s=458d804b49dea6f728ea29f3946a506a6ac2113b) + +This plot seems to be dominated by the wild changes in price during late January/early February, so let's do a normalization trick by taking the above values and dividing them by their respective opening price that day. + +[Figure 4: GME Price change relative to the opening price that day.](https://preview.redd.it/iokqj1i4dyf61.png?width=600&format=png&auto=webp&s=533c7228e8ff52bbb6cc23fe7bc0a145f0716efe) + +Now in Figure 4 we can see the change in price relative to what it was starting out on that day. Again we see that Jan 13th increased, by over 50% that day. + +So let's make it easier for everyone and combine Figure 2 and Figure 5 to see both the total number of shorts executed, and the price change, for the same day. + +[Figure 5: GME Price change relative to opening price, and the total number of shorts\(both short and \\"short exempts\\"\) during Regular Business Hours, via FINRA](https://preview.redd.it/udf0do41fyf61.png?width=600&format=png&auto=webp&s=af67822fa65e5df33bf2b994c30602f7b8582904) + +**NOW WE GOT A PLOT!** Here we see both the change in price AND the number of shorts being executed for a single day. + +But what do we actually get from Figure 5? **Jan 13th keeps with our hypothesis that MORE SHORTS MEANS MORE GAINS**, but we don't see that across the board though.....? + +Jan 13th, Jan 22nd, Jan 26th, and Feb. 5th all show gains in price, and large number of shorts... + +**22 days I tracked, and 11 of those days have over 10million shorts during regular business hours, but only 4 days have gains of 20% or greater, and only 3 of THOSE days have gains over 50%.....?** + +# Eye Raise: + +* **Why hasn't GME reached the Moon with all the Rocket/Shorts Fuel yet?** + +\-"The screaming cries of wallstreetbets" + +Hmmmmm, ok, well maybe we should also compare the overall volume of GME also and not just the shorts. The HYPE was/IS real over GME, and the world took notice. Let's see how the volume changed with it. + +First, just plot out the daily volume during regular business hours. + +&#x200B; + +[Figure 6a: Regular Hours Daily Volume for GME, as reported by FINRA](https://preview.redd.it/8401qqamiyf61.png?width=600&format=png&auto=webp&s=308bf45b5b5f75766d96d57ca55bbee0b9c873eb) + +Alright, what do we get out of this plot...? Well, from Jan 13th and onward the volume shot THROUGH THE FUCKING ROOF, compared to early January. + +**BUT WAIT A DAMN MINUTE?!?!?!?** + +I didn't hear about the GME Hype Train until mid to late January!? From what I can find googling it seems that most major news outlets didn't really report on WSB/GME until Jan 21st, with serious mentions coming around Jan 24th weekend. + +# General Assumption I'M MAKING: + +# Most of the actual "Retail Investors" didn't join GME until weekend after Jan 22nd. + +&#x200B; + +[Figure 6b: Full Daily Volume as reported by Yahoo Finance for GME. Note that Figure 6a is contained within Figure 6b.](https://preview.redd.it/bxnpcbheuyf61.png?width=600&format=png&auto=webp&s=9fe167ab117d9d361f7f2926d85bc837319dcf33) + +# So, ASSUMING, the above, let's say the higher volume AFTER Jan 25th is from Urist McLossesMoney. + +So what's with the crazy high volume before then? Is it from the insiders, the true chosen among us, the users in r/wallstreetbets that aren't bots?----->NOPE. + +Almost certainly volume before Jan 22nd is from the hedge funds having to buy up the shorts they WAY THE FUCK overextended on! The "big bois" had to join us bottom feeders and buy up the stock to cover their 9000% short shares... maybe. + +Anyway we can check something else that to shine some light into what happens during the dark hours of trading... After Hours Volume. + +[Figure 7: Regular Hours Trading compared against After Hours Trading for GME](https://preview.redd.it/dzjkv3zqlyf61.png?width=600&format=png&auto=webp&s=30b68bc546184bc5e079101a4c9d9d66b1955365) + +**I DO LOVE PLOTS!!!!** Here, I've taken the regular hours volume(again from FINRA) and subtracted it from the day's total volume, as reported by Yahoo Finance, to get the After Hours Volume. But again what stands out/what's the point of this plot? + +# After Hours Volume overtakes Regular Hours Volume Jan 22nd, and has remained where MOST of the action is going on! + +**GENERALLY**, "Retail Investors" don't/CANT engage in after hours trading. And also, don't confuse what you do on your trading app at 2am with what broker-dealers and big bois are doing at 2am. + +We see around Jan 13th, after hour volume went above 50million, my general dumbass guess is because HF's needed to buy shares to cover shorts, and the few following days thereafter. + +Hmmmm. OK, let's take a step back and look shorts again.... + +&#x200B; + +[Figure 8: Percentage of Regular Hour Short Volume as a Percentage of Total Volume during Regular Hours.](https://preview.redd.it/kolo2hw7ryf61.png?width=600&format=png&auto=webp&s=da005e3f065d05341a1fa196c07c9b3b3523793b) + +Figure 8 just shows that over half of all volume, just during regular hours, are shorts. **I don't know if there are numbers out there that show after hours shorts, if so PLEASE COMMENT IT!!!!!!** + +# And because I can't get after hours short volume, we have to make a wild guess as to this next step. + +# So multiply Figure 8 by Figure 6b and you get..... + +[Figure 9: Estimated the full daily short volume by multiplying the regular hours short ratio from Figure 8 by the whole daily volume reported by Yahoo Finance.](https://preview.redd.it/yscv7o1ssyf61.png?width=600&format=png&auto=webp&s=86594c24fa071bee2a7b7b2e25f607241c13e9b3) + +# NOTE: Figure 9 is an estimate, but it's still a low-ball estimate. + +**ASSUMPTION --> Let's assume that after hours volume plays just like regular hours trading.** + +I STILL HIGHLY FUCKING DOUBT THAT AND WOULDNT BE SURPRISED IF AfterHoursVolume was higher than 75% of just shorts. + +Still, let's roll with Figure 9. **Looking at Jan 13th, we estimate the number of shorts executed was...over 76 MILLION!** + +**And there are.... 69.75M shares outstanding... yep... ok... checks out!** + +&#x200B; + +**TLDR: Go to Figure 9, NOTE THAT IT'S AN ESTIMATE(and a low one at that), and see how it's impossible that they covered their shorts (ON THOSE DAYS) see edit below.** + +&#x200B; + +Not financial advice, not advocating violence, not legal advice, just doing some math while my wife and her boyfriend watch The Crown. + +Edit 1: Yes, title is a typo. "...Shorts WE ARE Covered..." smh + +Edit 2: finra link seems to break for some with the https:// in the front, try it without and added direct links to text files. Also, no I did not include ways to cover shorts with options/bought/sold/traded/fails-to-deliver/NoExpirationShortsJustPayInterest/t+3/etc.... since I already threw a god-awful amount of text at you and literally pointed to exact dates and I don't have Bloomberg/L50Data... + +Edit 3: Removed comment by request of user. + +Edit4: And thanks to u/[jusmoua](https://www.reddit.com/user/jusmoua) for getting the post back up! + +and Thank You Everyone For the Awards! +*And to think the party hasn't even really started.* + + +Edit: Decided to make a response video to many of you. Thanks for all your comments. GREAT comments/conversation. https://youtu.be/7XFa_ru-RU4 + +I can't count how many times I've seen people say we will not see a new all-time high anytime soon. I think you guys need to get your seatbelts ready. If you're a fan of the tech and you are researching then I'm preaching to the choir. A revolution is starting. It's only been under way since 2009. It's not going away. Once you are convinced of that you can relax and start reading and digging in. + +People in these top-tier teams are really damn excited right now if you take some time to read on their discords and telegrams. + + Sure, The price puts a pit in my stomach for a brief second and then when I step back and look at the forest among the trees I feel like I'm right back where I was in 2014 watching the drop of Bitcoin..... remembering thinking to myself that although Bitcoin was Nifty I wanted something *I could do something with.* + +Now I'm looking at World governments and institutions finding ways to do something with ETH and related tokens. Crypto kitties was a genius novelty but now we're getting ready to peg gold, power casino games, get paid by advertisers, Dai stable coins, interact with Dapps and trade tokens on Toshi, and witness the multiple teams flying and flocking alongside core to assist with scaling. And on and on and on. + +And, yet, I understand why some of you feel like it doesn't matter with all this development. + +**Wake up Buttercup.** You are in the middle of a fintech explosion where the most fine tuned applications are going to run under the hood of some of the biggest names on the planet. + +40 new EEA members today, the boss Vitalik meets in Japan, and the flow of news streams in constantly. Fundamentals don't matter. ETH is second Fiddle and no one understands the music except us. ....Just wait until the pressure of the market sell-off dies out with a whimper. This sub will be just as loud going up as the wailing and gnashing of teeth has been going down..... + +you guys calling for sub 300. Good luck. Reminds me a lot of the people calling for $0.50 back when we dropped from $22. It barely fell below $6. Yes it was shocking.... but if you are riding the train all the way down and watching the news coming in back then you'd feel just the same as I do now. + +Everyday I wake up and I'm astonished just how much more is coming along than I ever dreamed I would see in this short of time. I don't think people understand just how many of these tokens are being powered by ETH and what an absolutely massive wave is brewing from the tsunami of 2018. + +Cheers and big hugs from Kansas City. +She was only there for a year, she started at $2 more per hour than me. I've taken over all of her responsibilities and continue to absorb other people's responsibilities. I asked for a raise right after I got the promotion and the owner said no I'm getting paid what the prior employee was getting pAid. I know that's a lie now. I feel like I should just look for another jobs. Any input or thoughts would be appreciated. + +Edit: updating my resume, and am now on the hunt. Got my first Reddit gold for this post which takes the burn of being underpaid at least a little bit! :) +I have read some helpful posts here over the last few days regarding how to make some extra money so I thought I would write up a quick guide regarding bank account switching offers. + +Over the last 2.5 months I have completed 7 switches for a total of £1025; + +Virgin - 20k Miles (rough value £100) +First Direct - £150 +Nationwide - £125 +Halifax - £150 +Santander - £175 +Lloyds - £ 150 +Natwest - £175 (pending) + +There are some guides and YouTube videos regarding this, however I couldn't find any that answered all my questions when I started, so hopefully this will be comprehensive. + +The general principle is that you switch your current account to a new bank using the Current Account Switching Service (https://www.currentaccountswitch.co.uk/). The new bank will pay you a switching bonus for doing so. + +1. Blank Current Account - I personally DO NOT switch my main current account in which my salary is paid and all my direct debits are taken. The easiest thing to do is open up a couple of 'blank' current accounts. I found the easiest way to do this is via my main bank. For example I use Natwest, via the Mobile App just click 'Apply', 'Current Accounts'. Fill in a few details and they will open you a new current account and post a debit card out within a few days (keep hold of this, you will need it later). Alternatively you could open an account with Monzo or Starling or any other bank, however avoid any of the banks that have a switching offer so you don't waste that chance to earn some money. + +2. Direct Debits - Now you have a blank current account ready for switching. Most of the switching offers will require you to have 'Two Active Direct Debits'. Thinking about switching over your phone bill or utilities to this account is a bit of a pain. Also reoccurring payments such as Netflix or Amazon Prime DO NOT count. So what can you do? + +The best way around this is two activate two cheap direct debits. I used One Pound DD (https://www.onepounddd.com/) which allows you to setup direct debits for £1 (obviously). Alternately you could set up a direct debit to a charity instead, such as Oxfam or British Red Cross. With this option the minimum direct debit is £2 each. Also do not create two direct debits to the same charity, this is a mistake I made and they will cancel one of the direct debits assuming it was a mistake. + +Once you have created the direct debits, wait a few days and then check your online banking. Even if the payment has not yet been taken, it should now be shown in your list of active direct debits. You DO NOT need to wait for a payment to be taken for it to be considered active. + +3. Switching - Now we start to make some money. You need to select a bank that has a current account switching offer. These come and go all the time, so check Money Saving Expert for the latest offers (https://www.moneysavingexpert.com/banking/compare-best-bank-accounts/#switch) + + +Now download the mobile banking app for the switching offer you have selected. Start the process of opening a new account. During the account creation process they will ask if you want to switch you existing current account. At this stage you need to enter the account number, sort code and debit card details of your blank current account. Finish the application and then wait about 7-10 days and the switch will complete. + +Log in to the app for your new current account and ensure the direct debits have switched. Some switching offers require you to pay in £1000. You can transfer this in and straight back out to meet the requirements. I normally leave £2 behind just to make sure the direct debit is covered if necessary. Once the switching bonus is paid, transfer the money out. + +Now use this account as you 'blank current account' and start a new switching process + +In order to do this even quicker, I started the process with 3 blank current accounts (Natwest, Starling and Co-op) and then completed 3 switches at the same time. You then also have the option of holding onto any of the new accounts that you may want to keep. + +I am now going to repeat for my partner which should earn us around £2000+ in total. + +Top Tips + +Keep a little spread sheet of what switches you have done and what stage of the process you are at. I recorded 'waiting for debit card' or 'waiting for direct debit to become active' etc which helped me keep track. Edit - you can also keep track of when you completed the switch. Most banks will allow you to obtain a new switch bonus in 2-3 years time so note the date here too. + +I make sure I do not request any overdrafts on the accounts that I create. I have read that opening accounts can negatively effect your credit score. I have just checked my Experian score and it is 999. However I already have a mortgage and no need to apply for any credit so I wasn't too concerned even if it was effected + +Lloyds do not require any direct debits and pay the bonus very quickly, so I would go for that as your first switch. + +I hope this is helpful and people take advantage of it, it really is free money. +We know that Trump railed often against immigration and that the immigration numbers went down under his tenure (at least the number of legally admitted immigrants). Is there any evidence that this hurt the size of the labor pool and led to the labor competition that we see now? +The coronavirus crisis has seen strong growth of first-time investors. + +Between March and August 2020, "Tesla stock" was the most searched for company stock for investment in the United States, generating an average of 7.52 million monthly searches. From Meme Stock to Meme Coin we have seen it all. People who don't have time/strength to study stocks generally prefer mutual funds where sits MBA grads from top universities. With such immense knowledge and experience, everyone trusts their picks and assumes that they will obviously perform better than an average person who has no idea how to pick stocks. + +Here comes an interesting story where economist Burton Malkiel says that “a blindfolded monkey throwing darts at a newspaper’s financial pages could select a portfolio that would do just as well as one carefully selected by experts.” + +Sounds like a challenge right? And many would believe this was just a political statement. + +This theory was actually tested and named as a dartboard contest where Wall Street Journal staffers, acting as the monkeys, threw darts at a stock table, while investment experts picked their own stocks. After six months, they compared the results of the two methods. + +After 100 contests, the results were in. + +On October 7, 1998, the Journal presented the results of the 100th dartboard contest. So who won the most contests and by how much? The pros won 61 of the 100 contests versus the darts. That’s better than the 50% that would be expected in an efficient market. On the other hand, the pros losing 39% of the time to a bunch of darts certainly could be viewed as somewhat of an embarrassment for the pros. + +Additionally, the performance of the pros versus the Dow Jones Industrial Average was less impressive. The pros barely edged the DJIA by a margin of 51 to 49 contests. In other words, simply investing passively in the Dow, an investor would have beaten the picks of the pros in roughly half the contests (that is, without even considering transactions costs or taxes for taxable investors). + +The underlying theme of these stories is that stock market “experts” aren’t really experts at all. They may be able to get lucky over a short period of time, but the longer they invest, the less likely they are to continuously beat the market. +Repost from r/relationships + + + +I (22f) just had to pay my mum’s (56f) £2600 council tax bill after police threatened to repossess property if no payment was made today. I don’t really know how to process my feelings about this + +This is on my phone so I apologise in advance for any formatting issues. + + +In the morning my younger brother and I had a visit from the police letting me know that my mum owed over £2600 in council tax and if it wasn’t payed today or over the weekend they would have to come to repossess property in order to pay the bill. I knew my mum had money issues but I did not realise it was this bad that it would come to police knocking on my door. As my mum is in Nigeria right now for my uncle’s funeral I just had to make sure I could deal with the situation as the oldest. Fortunately I had enough savings to be able to pay it off and have about £1000 left in my bank account after the payment. However this situation has seriously stressed me out and I honestly don’t know how to process all of this. I tried speaking to my mum but the connection is bad so couldn’t exactly call her. I’m graduating this year and so I’ve already applied to a few jobs in the last couple of weeks but know the pressure of finding a job is getting pretty bad. Before this had even happened I had given my mum over £1000 over the last 6 months to help with bills and funeral costs for my uncle. I want to cry but at this point I feel too tired and numb to even do that. My dad is still in the picture but he isn’t financially stable either so I don’t even know if I could ask him for help either. Over the last year my parents have been putting so much pressure about getting a high earning job. I want to help them out and I love them but I feel like I have so much weight on my shoulders. How do I talk to my parents about this? Especially as they’re both Nigerian so culturally speaking I also feel like I might need to take that into consideration. + +EDIT: I just want to make a quick edit. I made a mistake as they are enforcement agents and not actually police. They payment I made it to were to chandlers ltd Bromley GB. I received an email and a reference number as well + + +TLDR: I payed my mum’s council tax as I don’t know if she has the money to pay for it. I want to help my mum but with all the money I have given her over the last 6 months I feel stressed over it + +Update 1: Hello again! I just want to say thank you for all the advice and messages that has been given to me. I would also like to apologise for mixing up bailiffs and the police. They never presented themselves as police, I just assumed that they may be police at that point. Also to make sure it wasn’t a scam I called my bank and also contacted the people I made the payment to. I revived a clearance letter from them to confirm that everything went through. At this point I’m just very stressed and tired (Especially since I’ll be having my graduation ceremony in the next few weeks too :’) ). My mum still isn’t back home yet from Nigeria but I’ll make sure to have a proper talk about finances when she comes back. Also I am aware that this post doesn’t put my mum in the best light and I must agree in saying she’s a little problematic. However, she does love my brother and I dearly and has sacrificed a lot to ensure that she could provide for both of us so please don’t think she’s a bad person. I’m not planning to cut her off but I know that I need to be more firm with her from now on. +**TL;DR— Let's make space here for decompression so that the pressure cooker doesn't blow during the MOASS and potentially hurt us all.** + +**TL;DR the TL;DR— Lonely 🦍 📄 🤚. Understood 🦍 💎 ✋. 🦍 🦍 see you. ❤️** + +Here's the deal. I'm an LPC and a trained trauma therapist, both acute and developmental. This is an incredibly stressful situation we're dealing with, here, and I think it's remarkable how this community as a whole has dealt with constant negativity from the outside and how we've leaned on each other in a meaningful way. I've seen real, actual relationships formed here. So let's talk about our feelings, here. + +I'll be blunt. These rich douchebags are incredible at ruining hype and optimism, because it really seems like they take care to make sure they're interfering at just the right times. Like many of us, I've been through January. I've been through March. I fully expected this kind of thing to keep happening, and there was a big part of me that just \*knew\* that the start of the day was going to be low, despite us being in a comparably amazing position (Like, $250 is incredible!). + +But how many new people haven't had that opportunity to forge that perspective? Look. We've been saying for days that we needed to be prepared for a dip or crash like this, and that it would be artificial in nature. It didn't stop me from being \*hopeful\*, though, that the upward trend would continue uninterrupted, and the dip this morning didn't stop me from being \*disappointed\*, despite my understanding of what's actually happening. I appreciate how we focus a lot around here on the technical side of things, and the DD and education that goes on has honestly been worth the price of buy-in alone. We seem to be opening up even bigger and bigger cans of worms, though, with increasingly profound implications for broader swaths of our society and life. And as we barrel towards what feels like a conclusion of sorts, the stakes feel higher than ever to a lot of us. + +There's a psychological phenomenon called the ["Goal Gradient Hypothesis"](https://fs.blog/2016/10/goal-gradient-hypothesis/), which is basically that the closer you get to the finish line, the more effort you put in and the faster you go. There's also a separate phenomenon that I can't quickly cite that says the closer you are to the finish line, the more frustrated you you'll get when encounter an obstacle relative to same event happening at the start of the race. + +We've been running a long time. It feels close. The community is stepping up and buying more, holding tighter, researching harder, and running faster. As we get closer, they're going to step up their FUD game, too. And I think we could use a thread like this to talk about it or even to just vent. + +**EDIT:** Wow. This, uh... This blew up in a way that I really didn't expect, but I'm super happy that this has apparently been able to address an unmet need in our community! A lot of you have posted some pretty personal stuff, and I just want to say that I'm grateful that you've felt safe enough to do so here. A bunch of you have also been incredibly supportive of each other (duh), too, and that's great to see. There have also been a few intensely negative responses, and there's space for that, too! Regardless, I have read every single response because I'm a huge nerd, and I will probably continue to do so. + +**EDIT 2:** Just some incredibly brief and crude psychoeducation. We all have three primary needs from every relationship we have in life: + +Security - Associating with you is not going to result in social or physical harm to meConnection - I want to feel understood and accepted for who I am, not what I can do for youEmpowerment - I want to feel like my voice matters, and that I have personal power in this dynamic + +(SEC\*, for easy remembrance.) + +Depending on how these needs were met or unmet throughout our childhood, we as individuals have varying sensitivities to these needs. But even now, if something is upsetting your or at least isn't sitting right with you, you can take a look at your emotional experience of the moment to figure out which of these 3 SEC needs is missing: + +Lack of security? Fear. (And what does fear help us do? Receive reassurance from others, which fulfills the missing need for security.)Lack of connection? Sadness. (And what does sadness get us? An outpouring of comfort and community, usually, which fulfills the missing need for connection.)Lack of empowerment? Anger. (And what does anger get us? Control of the dynamic, which fulfills the missing need for empowerment). + +I'm just gonna invite you to notice your emotional experience of this whole thing, especially the sticking points, and see maybe what your "mix" is. Mostly anger with some sadness and fear? Then you're probably mostly missing empowerment, with a hint of insecurity and loneliness. And if that's the case, what do you know you can do personally to help yourself feel more in control of your experience? Maybe read a little, maybe go for a walk, maybe go make some sort of choice for yourself. Whatever. + +Hope this adds some perspective! + +**EDIT 3:** Seen some talk about contemplating suicide. As always, please seek help if there's intent and a plan (those were the admission criteria when I was the psych screener at a hospital). Just wanted to offer, though, that one way that people tend to deal with unempowerment is to check out/withdraw, and that suicidal ideation is usually an extreme version of that. If you're contemplating suicide, it's likely you feel trapped or that nothing matters. I would encourage you to read a comic book from when you were a kid (my favorite is Calvin and Hobbs) and revel in the nostalgia, when things hopefully felt more under control. When you're back in that headspace, go try to choose as many different things as you can; choose something maybe new or comforting to eat, and then choose someplace different in your room to sleep that night, or rearrange your furniture. Just something that gives you a clear choice over your situation. It tends to help the pressure ease up! + +\*>!Dicks.!< +Not only the MOASS will be a once in forever event. There simply hasn't been a group like this before. A movement like this. Members from dozens of countries, of all classes, shapes, sizes, colours, you name it. + +Fighting for a common goal: Defeate financial terrorists, become rich in the process and make this world a better place. + +And you won't stop. We won't stop. + +All the knowledge we gained won't simply vanish when this is over. We will keep giving everybody hell, who keeps playing the dirty game that went on for the last years. + +So stand together. As Rensole says: If we all care for each other, the ones that don't will stand out! + +I'm so proud to be a part of this and i will see you guys on the motherfucking moon. + +Love-Rant over. + +BUY THE DIP. HODL. VOTE. +What I gather after dozens of hours spent reading this sub is that the typical poster here has a net worth of 5-10M, yet still struggles with getting off the hamster wheel and still seriously worries about their financial stability. Golden handcuffs and "just a few more years / millions" both seem like a common theme here. + +When I shower, I use a body cleanser that's $45 per bottle, it lasts around a month. I absolutely love the product, but every time I use it, I'm thinking that I should use it sparsely, since it's pretty pricey. I made $750k post-tax last year, and yet this is the shit that pops into my head. + +I love cars. I obsess over the 992 GT3 and I'd love to have it as a weekend car. If I leased it via my LLC, I wouldn't even feel the payments. Even the total purchase price, in the grand scheme of things, wouldn't make a dent. I'm pretty sure how many smiles that purchase would give me, yet I can't bring myself to pull that trigger. + +And I'm no cheapskate - I'm ashamed to admit what I spent on restaurants or what's the value of my wife's handbag collection. We try to enjoy life, but there's constantly a voice in my head telling me to be careful, to limit spending, to think about the future, to save more, and giving me different WHAT IFs scenarios including catastrophic failures of the world monetary system. Spoils all the fun of enjoying my money. Yet what I think is true for most of us here, even if we lost 90% of our net worth, we would still be better off than the average person. So we the hell do we constantly worry? + +Does anyone else struggle with this? +Like I said before the indexes are considered one of the safest and simplest methods for investors to be involved in the market. But, how can they really be safe if the largest companies making up many of the indexes like Apple, Google, Microsoft, etc. are continually growing at higher valuations than they deserve? +Thermo Fisher (TMO): Leading Tools&Diagnostics company that compounded sales and EBIT by 17% and 29%, respectively, in the last five years, consolidating the $160B industry by acquiring smaller competitors and imposing rigorous efficiency measures. Current P suggests 6% organic growth (21-30E) and FCF g of of 7% / year (assuming OP leverage and 89% FCF conversion) but this excludes any acquisition potential in the industry. However, company's revenue vs. TAM is 15% so lot of acquisition potential in a TAM that is growing 3-5% /year. So, if we suggest 8% organic growth (21-30E) and FCF g of 10%/year, we get around 38% upside from current P of $562. +**EDIT: read the post before you shill your sub-$1-coins, please, why does nobody do this today?** + +I always see these posts a lot, but for some reason more in the past few days: + +*"what are the best coins under $X?"* + +And sure, it looks like that makes sense - Bitcoin (BTC) is super expensive already, while a coin like BitTorrent (BTT) is available for less than one cent! If you buy some now and they become as expensive as Bitcoin you will be rich! Bitcoin also used to be cheap! Right? + +Lol, nah, wrong, obviously. The thing is: coin price doesn't matter. At all. Because it is strongly affected by how many coins are in circulation. There are currently about 18,700,000 BTC in circulation, there will never be more than 21,000,000. But there are 660,000,000,000 BTT at the moment and there will be 990,000,000,000 at some point. The important figure is the market cap, which is + +**Market Cap = Circulating Supply X Coin Price** + +So, for example, for BTC it would be 49,500 X 18,700,000, about 920 billion USD. So if we imagine BitTorrent becoming just as big as Bitcoin, how much would a single coin be worth? $1.38. So can't a single BTT be worth thousands of dollars, like BTC is? No, absolutely not. If 1 BTT would be worth 49,500, as 1 BTC currently is, its market cap once all the coins are in circulation would be almost 50,000,000,000,000,000. 50 quadrillion, or 50,000 trillion. The total amount of wealth in the world is about 300 trillion. + +**tl;dr:** Coin price is NOT a good indicator how much a coin can still grow. Check the market cap and compare it to other coins to see how much a coin would need to grow to be as big as another coin. [The Coin Perspective](https://thecoinperspective.com) is a great website to make these comparisons. Also remember that you can buy fractions of a coin, like 0.001 BTC and don't have to buy a whole one. + After missing out on concerts for 2 years due to COVID-restrictions. I was recently reminded again why Ticketmaster is one of the most hated company in the world. I wish them a quick bankruptcy. I bought tickets for a concert and the tickets fees were more than 75% of the original ticket price. Which is absurd. + +The internet is full of people complaining about Ticketmaster and their fees. For instance this hilariours woman: + +>Why are Badbunny tickets so expensive? Y’all making me want to sell pictures of my husbands feet on only fans – frustrated Ticketmaster customer + +[https://www.tiktok.com/@\_j\_e\_n\_n\_/video/6950782961763601670?is\_copy\_url=1&is\_from\_webapp=v1](https://www.tiktok.com/@_j_e_n_n_/video/6950782961763601670?is_copy_url=1&is_from_webapp=v1) + +In the “Last Week Tonight” show, John Oliver explained the shady behavior of Ticketmaster in an entertaining way, including clips of frustrated Ticketmaster customers (like the one above). + +**A short recap:** + +\- Average prices of tickets have more than tripled, since the 1990s (even before tickets hit the resale market) + +\- Ticket fees are determined in collaboration with Ticketmaster’s clients (Venues, Promoters, sometimes the artists) + +\- These other parties that share in the tickets fees are mostly owned by… Ticketmaster + +\- Ticketmaster facilitates professional scalpers and multiple account use + +\- In some cases less than 8% of all tickets for shows of major artists gets sold directly to the public. Where do the rest of the tickets go? To professional ticket scalpers + +\- Professional scalpers represent the overwhelming majority of sellers on secondary market places + +\- Scalpers mark-up the price on average with 49%, but sometimes even hike up the price more than 10x + +\- Secondary markets charge exorbitant fees + +The result of this is that the ticketing industry is very inefficient. Parties that do not create any value for fans and artists receive a big cut of the revenue + +[https://www.youtube.com/watch?v=-\_Y7uqqEFnY](https://www.youtube.com/watch?v=-_Y7uqqEFnY) + +**How can blockchain technology improve the ticketing industry?** + +\- Blockchains are transparent and immutable. Scammy practices such as direct selling on secondary markets or selling huge amounts of tickets to professional scalpers will be visible to fans + +\- Smart contracts can be programmed with a maximum resale price or maximum mark-up from the original price + +\- Blockchain cut out the middle men allowing artist to sell more directly to fans + +\- Tickets can include a royalty fee for artists, when tickets are sold resold (similar to royalty fees on NFT art). + +\- NFT tickets become tradeable digital collectibles, allowing artists to interact with their fans even after the event + +R.I.P. Ticketsmaster. I hope we will soon be able to buy tickets for our favourite artists without ridiculous ticket fees. +Cars are currently overpriced and seem to be selling way higher at the dealerships than MSRP ever since the chip shortage. I have a 2004 Malibu that is starting to have more issues than it’s worth in cost of repairs but I’m trying to hold out and make it last because the current state of car lots. I haven’t decided if I want to try to go with something new or close to new (I know Gordon Ramsey wouldn’t want me getting new) but I’m wondering if you guys think the vehicle market will go back to normal any time soon? How long will shortages and higher car price tags last? Is anyone else holding out on getting a vehicle right now? + +Edit: Dave Ramsey +Not as impressive as a paying off a house, a student loan, a cable bill, the mafia, lunch, or a parking meter but....this is getting fucking ridiculous. (The rise of BTC transaction fees, that is. So thanks Eth, for not costing these amounts). +Hoping people can help point me in the right direction. A previous employer has kept me on their payroll and declared paying me for an extra 3 months (at a much higher rate) after I left. I haven't received any of the money of these 3 months. + +I found out checking my PAYE on the gov.uk site. + +Could they have done this for tax evasion purposes? Or something re the covid business grants. What can I do to get this cleared up with HMRC. + +Thanks in advance + +Update. WOW did not expect to get such a helpful response, thanks to everyone who took the time to add advice. I'll keep you posted on how it goes with HMRC, they have always been helpful when I have phoned them. +Crypto is treated like a get rich quick scheme but many of the new users in this sub, which it is not. The only reliable way to make a life changing amount of money with crypto is consistent buying, and holding for the ultra-long term, no matter what happens. I don't care what some kid made in their Shiba coin, that is a fluke in my books. + +**If you truly want to be rich, you need to buy on a schedule, and develop a strong stomach for dips. YOU WILL NOT GET RICH IN A FEW MONTHS. This requires dedication and balls of steel.** +My GF had one speeding ticket last year. It made her insurance rate go up by $29/month for 3 years. This means that a single speeding ticket cost $1,044 MORE than the fine itself. + +I never intentionally speed, but I had no idea that the cost of a single ticket could be so high. If more people were aware of this, there would be much less speeding and people could avoid these needless extra costs. +Words I've read on here many times. I found three ways that didn't work. I started three accounts between January and the end on March. Thought I would go the Aggressive Growth stock mutual fund route. 19% per year seemed doable. Then I heard of ARK ETF's, and the performance of last year, and put everything into those. Then the bleeding started. Then I thought I would buy calls, make profit, and put the profit into blue chips. Problem was, no profit, more bleeding. Then I stumbled upon Thetagang. It has become my tourniquet. Within 6 weeks, I am on the road to recovery, and almost ALL CSP's. Still down a little, but should be totally healed within 45 days. I have opened and closed, AHT, CVM, ATOS, MVIS, OCGN, and UXIN. My one bad move so far was PLX. Got assigned, then sold that piece of crap. I could not have done it without the help I have received from you guys. Thanks +I just wanna buy a house out in the woods, get a good internet connection out there regardless of the cost, and just fuck off for as long as I want. + +I wanna walk around naked in my house, get drunk, and not have to worry about someone calling me or showing up to my door. + +I just wanna be alone with my thoughts, the last year has really made me enjoy my own company. +Welcome to the Daily General Discussion thread of /r/EthTrader. + +*** + +Thread guidelines: + +- Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss altcoins in the Daily Altcoin Discussion thread. +- All [sub rules](https://www.reddit.com/r/ethtrader/about/rules/) apply here so please be familiar with them. + +*** + + Resources and other information: + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! + +There was yet another post about gate keeping poverty and /r/povertyfinance recently. A mod made an excellent post about why we shouldn't do that, but I felt it missed one major point. After their encouragement I'm going to make this post to describe that point as I feel it's something that gets incredibly little air time, and ultimately, it's one of the hardest parts of moving from one class to another. + +Living in poverty takes skills, a lot of skills. To do it well requires long cultivated relationships, understanding of food banks, SNAP, public transit, etc. and a completely different view on finances then you'll find in middle class. For a person in generational poverty those skills and knowledge will be known and understood. + +That's not to diminish the negative effects of poverty. I'm not trying to say that once those skills are learned living in poverty is easy. But it is easier once those skills are known. For someone that is new to poverty this just adds another layer of difficulty and terror. They don't have a relationship with someone that can repair their car when it breaks down. They don't know that the busses in their city typically run up to ten minutes late and they should take the earlier bus so they're not late to that job interview. They don't know that Tuesday is the best day to go to the food bank if you want to actually feed your kids vegetables this week. Etc. Etc. And they certainly have never even considered using that little extra cash from this week's pay to foster relationships (via beer or food typically) with their neighbors because those relationships will get them farther, and keep them safer, than having an extra $50 in the bank will next time there's an emergency. + +In middle class there isn't a lot of money, because a lot of it is used up for emergencies. Day care is closed down for a covid scare, throw some money at someone to take your kids for a week. Car breaks down, throw some money at a mechanic to fix it. Water heater stops making hot water, throw some money at a plumber. Everything is fixed by throwing money at someone. And that's just how the world turns in the middle class. It gets expensive in a hurry. + +But in poverty you talk to your neighbor, the one who needed a favor and you baked their baby's birthday cake for them because they had a chance to pick up an extra shift, and they take your kids for a couple of days. Or you call your other neighbor and ask if they could sling some tools to fix your car if you provide the beer. And your water heater, well, maybe you just have cold showers, or maybe you fix it yourself, or maybe you boil water on the stove so your kids can have a lukewarm bath. + +Gate keeping these things does two things, it makes life even harder for the newly poor, and it diminishes the skills and experience that most poor people have. As if those long years of learning those skills are inherent. Instead of gate keeping we should be treating the newly poor the same way we treat everyone else in poverty. We should be sharing those things in an effort to expand everyone's knowledge. Hell, you just might learn something from the once middle class people that will help you move up. Because moving up requires just as much of a learning curve. Though, thankfully, without as much terror attached. + +Source: I've gone from my parents being on welfare throughout my childhood, to being homeless at 18, to being 3 months from having my house paid off at 41 yet still terrified that the world will come crashing down and I'll end up steeling to eat again. + +Edit: I'm just gonna quote a great person here. + +Y'all, I don't need any awards. As awesome as that little narwhal is, if you have spare money, please think about using it to purchase staples like flour and pasta and pasta sauce or granola bars and other shelf stable goods and donating to food banks or to local school with student pantry's. That is a better use of your money. That, IMHO, is what I prefer you would do with what the award costs. Food insecurity man. Lets fight this shit if we can. +With the two GameStop documentaries coming next week, we are at an extremely important juncture. The sub will be receiving a lot of new eyes in the next two weeks. Shills will be working extra hard to forum slide so let's unite against their efforts. I am seeing a lot of unsubstantiated posts drawing connections between Russia and/or GME and/or Citadel. For example, motivation behind invasion of Ukraine, sanctions against Russian companies and oligarchs, junk bond status of Russian bonds and how it will kill collateral value, Mayo Man's Natural Gas long positions gaining value etc. I don't want to outright label these posts as tinfoil conspiracies, but let's not pretend that these topics won't be used to portray the sub as a conspiracy forum. + + +While I have your attention, let's also talk about how low-effort memes can be used as a means to kill the curiosity of a potential GME investor. Memes with a single picture of Mayo boy, Stevie, Gabe, Vlad, Yass etc. are extremely hard for a new comer to understand. Throw in some name calling and you have ensured that a new comer thinks poorly of this sub. + + +Most redditors sort their posts by Hot/Top/Rising, which means that a bad actor can clog the sub with irrelevant and harmful posts by using bot armies and awards. Let's not try to fight against these forces just with our downvotes. We need mod interventions as soon as suspicious activity is noticed. + + +# How to be welcoming to new GME investors? + + +We could re-summarize important DD that has stood the test of time and has been validated with data. This would go a long way in portraying ourselves as data-driven investors. Posts with pictures can be useful in bringing newcomers up to speed with what we have learned so far and how they should navigate all the rabbit holes. + + +# Be kind to new apes + + +Goes without saying, be kind to new apes when they ask questions or express doubt in our bull/MOASS thesis. If someone asks you how GME's price can cross 10k per share, don't try to hit them with "shorting comes with infinite risks", "float is oversold 10x", "floor is 80M", "Fed can print infinite money" etc. Remember that when the sneeze was happening everyone was just hoping to get 1k per share. Over many months we learned that our shares are worth much more just based on a fundamental value analysis. Every single person deserves a chance to learn about the GameStop thesis at their own pace. Why burden a new investor with the MOASS thesis when we have concrete evidence that GME is going to be a trillion-dollar company by the end of the decade? + + +Point them to DFV's YouTube channel to explain why GameStop's current valuation is not due to retail hype but because the stock was partially freed from abusive short selling. + + +Talk about how Ryan Cohen is a master at running businesses efficiently and frugally. Show RC's letter to the GME board. Tell them that the current stock price doesn't even account for RC's ongoing and future transformation of the company. + + +Show GameStop's recent revenue numbers to explain that its brick and mortar + e-commerce business are flourishing. + + +Talk about the new PC Labs initiative. + + +Talk about the partnership with ImmutableX, the NFT marketplace and its implications. + + +Talk about how GameStop is going to be the ultimate destination for gamers throughout the world. + + +Talk about rumors/hints that GameStop is partnering with LoopRing to launch a decentralized exchange. + + +# Last but not the least, let's hit them with purple circles and what they stand for. + +Instead of shouting that the float is sold 10 times over, let's just calmly explain that we believe excessive naked shorting is happening with the stock. Let's explain to them that we have a concrete finite path to proving this fraud via the direct registration system. Don't forget that DRSing is not just to expose naked shorting, but to also safeguard one's assets and to ensure that they aren't made available for legal short selling. + + +------------------ +The GME bull thesis is grounded on numerous independent theses. For a GME investor to lose money, every single thesis has to fail. Any rational investor with an open mind will see the value in owning a share of this great company. I request you all to not hit a newcomer with things that are beyond what a typical person can accept on day 1. + + +**Buy, Hold, DRS.** +Hello! + +Perhaps we all have lots of free time now that most of us are at home or perhaps we are all enamoured by Sachin and Dhoni harping *"Mutual Fund Sahi Hai",* I notice more and more quotes and WhatsApp forwards like "If you had bought Eicher shares instead of Royal Enfield" or "bought one share of Jubilant Foods instead or ordering Dominos Pizza, you would have". + +Nearly everyone here is hearing it or reading these quotes. Some, with the free time are trying to model what U,V, P, C , D shaped recoveries will be and estimating earnings of share prices and the P/E multiple that the market is going to give them. Some are quoting Porinju, Basant, RJ, Chomu from the neighbourhood who has invested in Mutual Funds because they are all *"sahi hai"* or the Grandaddy of them all, Sage Of Omaha. + +And once this crash is over and we see new highs on the NIFTY some time in the future when this crisis feels like a minor event, you are probably going to feel some hindsight bias, where your thoughts are going to be **"if I had invested in Chacha Chaudhry Limited, I would be sitting in Goa in a 12 bedroom mansion sipping Jack Daniels."** + +You will also meet Fund Managers and Distributors who again present to you with these anecdotes and make you feel like an idiot. + +You will also hear justifications like "Sage Of Omaha says that buy a business which you are comfortable owning for next 10 years even if the markets were closed". + +[Well, Sage Of Omaha and his company simply bailed out of airlines.](https://www.youtube.com/watch?v=fa2H0ay42Is) + +What point am I trying to make here? + +It is OK to be wrong. It is OK to stay out of markets if you are uncomfortable. It is OK to change your mind and then change it again and then again. + +Markets are dynamic and they take a heavy emotional and mental toll. + +I repeat, there are places to be a hero, helping a neighbour get groceries, helping a stray dog with food, helping an old person cross the street , but markets are not that place. + +If you feel reducing the SIP's now is OK, do it. If you wish to pause your SIP's do it, if you wish to double down on your SIP's, do that as well and if you wish to change your mind after any decision, do that as well. +Hello! + +Perhaps we all have lots of free time now that most of us are at home or perhaps we are all enamoured by Sachin and Dhoni harping *"Mutual Fund Sahi Hai",* I notice more and more quotes and WhatsApp forwards like "If you had bought Eicher shares instead of Royal Enfield" or "bought one share of Jubilant Foods instead or ordering Dominos Pizza, you would have". + +Nearly everyone here is hearing it or reading these quotes. Some, with the free time are trying to model what U,V, P, C , D shaped recoveries will be and estimating earnings of share prices and the P/E multiple that the market is going to give them. Some are quoting Porinju, Basant, RJ, Chomu from the neighbourhood who has invested in Mutual Funds because they are all *"sahi hai"* or the Grandaddy of them all, Sage Of Omaha. + +And once this crash is over and we see new highs on the NIFTY some time in the future when this crisis feels like a minor event, you are probably going to feel some hindsight bias, where your thoughts are going to be **"if I had invested in Chacha Chaudhry Limited, I would be sitting in Goa in a 12 bedroom mansion sipping Jack Daniels."** + +You will also meet Fund Managers and Distributors who again present to you with these anecdotes and make you feel like an idiot. + +You will also hear justifications like "Sage Of Omaha says that buy a business which you are comfortable owning for next 10 years even if the markets were closed". + +[Well, Sage Of Omaha and his company simply bailed out of airlines.](https://www.youtube.com/watch?v=fa2H0ay42Is) + +What point am I trying to make here? + +It is OK to be wrong. It is OK to stay out of markets if you are uncomfortable. It is OK to change your mind and then change it again and then again. + +Markets are dynamic and they take a heavy emotional and mental toll. + +I repeat, there are places to be a hero, helping a neighbour get groceries, helping a stray dog with food, helping an old person cross the street , but markets are not that place. + +If you feel reducing the SIP's now is OK, do it. If you wish to pause your SIP's do it, if you wish to double down on your SIP's, do that as well and if you wish to change your mind after any decision, do that as well. +Will be added on Dec 21 (Could be in 2 tranches) + +News sent TESLA shares up 13 percent after hours + +This addition could minimise the gap between S&P 500 and the Nasdaq index going forward (TESLA has gone up around 400 percent in 2020) + +The company it replaces in the index will be revealed later + +TESLA would have weightage of more than 1 percent in the index, directly making it into the top 10 stocks + +Passive funds following the index will probably have a headache with the addition, having to trade $51 billion collectively + +As always, the inclusion in the index could push prices up even higher, and index funds could be buying in at the peak +Today is cool. It’s my first ever payday as a full-time employee for a legit company. At the same time, small investments I’ve made over the last couple months are peaking a bit this morning. + +So I’ve got like... $2k. It’s the most money I’ve had at one time except for one summer after working on a weed farm. I’m freakin rich! + +Edit: hey thanks for the love and advice everybody. + +I am treating this very meagerly and slowly working to build a better life. I know I’m not rich in the grand scheme of things and there’s a lot of progress to be made. + +But 6 years ago I lived semi-happy in a tent at the best of times and was a suicidal drug addict at the worst of times. Having any money feels good, but having a relatively high-paying steady job with benefits and room for advancement and the mental state it’s taken to reach this point where I’m not withdrawing my memestonk and doge gains to buy opiates is what makes me feel the richest. + +Love to all of you. +What do you do when the life of your pet--a dog that has saved your life, protected and comforted you through every hardship--needs $6,000 worth of care? She's older, but is still incredibly puppy-like. Goes on 3 mile long walks, and still wants more. Loves to play. Loves scratches. Just the test to see if she needed surgery and was healthy enough to go through with it cost $1400. The surgery could cost $4,000. How do you look at your dog and say, I can't help you? Everyone I vented to in person said I'm an idiot (a fact I have never denied). But what if it was their dog and you're standing there at the vet and they just tell you...not give you the option...that to save your dog this is what you need to do? + +My daughter and I had a fun little "NOctober". No spending...reduced food budget...stay at home to save gas. We saved a ton of money that was going to go toward Christmas. We were looking forward to going out to eat this month. And now we can't. I talked to my daughter, and she said it's worth it. We are both coming up with plans to get the money. Selling stuff, creating etsy accounts, no interest credit cards, etc. She doesn't want me to get a second job, because I'm already not home much. We both agree that we want to move forward with the treatment. She's a wonderful kid. And I can't tell anyone, because they will all just yell at me for approving it. + +The reason why this is so tough is because obviously, if it were my child, I wouldn't care at all, right? You do what you have to do. But because it's an animal, I feel, like, guilty? for it? No one can convince me at this point to not get her the surgery. I just needed to vent about that low you get when you think you finally have some money in the bank and things are looking up...and then boom. The florr drops beneath you. Thanks for letting me vent. I love this community. + +&#x200B; + +EDIT: I really appreciate everyone good wishes, empathetic sentiments, and straight honesty. Is it stupid....probably. Can my heart do anything else...no, not given the very specific circumstances of her health. I want to make clarify something. My daughter is not living in poverty or going without. We are not in danger of living out of our car. I've been teaching her financial responsibility, so even if I had the money to buy her a brand new car on her 16th birthday I wouldn't. The $6000 bucks I spend on this would not have gone to give her a blowout Christmas or birthday or shopping spree. It would have gone into a savings account. Would $6000 in savings be awesome? Absolutely. But it's not like now my child will have kleenex boxes for shoes or have to set a trash can on fire to stay warm. We have always been very frugal even when we don't have ot be, and I had a serious long conversation with her about our options yesterday. She said there's no question we should do this. Jsyk. I wouldn't sacrifice my kid's well being. (Although I know some folks will still think I am) Ultimately, it's not going to fully bankrupt us. It was more a statement about saving for fun, and then finding out you saved for an emergency. + +EDIT EDIT: To everyone offering me help, bless you all. But please save that money for your own holidays or give to groups that help. I did not come here for handouts, just to kvetch. So, thank you for listening! You have all really restored my faith in people and the internet. +**KAINET** is a project started and owned by a group of individuals who are highly motivated and do their job with passion. Team is fully doxxed and they strive to achieve perfection in what they do. KAINET is listed on CoinMarketCap and CoinGecko and currently trades on PankCakeSwap, Bibox, Nomics. In the near future the team is working to add KAINET to more exchanges. + +&#x200B; + +Land of KAI is the first of its kind play-to-earn RPG Game powered by $KAINET token. Within the game, players will have an extraordinary gaming experience, chance to earn $KAINET tokens and acquire NFT's. KAINET project is backed by an experienced, creative and motivated team of developers, crypto experts and an active and loyal ever growing community that is working towards making KAINET successful. + +&#x200B; + +**LAND OF KAI alpha is out you can check it out at** [https://play.kainet.world/](https://play.kainet.world/) + +&#x200B; + +Along with the game, KAINET has multiple distinct utility tools within the DeFi Ecosystem like Wallet Explorer and Vision. All of these utilities are supported cross-blockchain networks including but not limited to Binance, Ethereum, Polygon and Fantom.KAINET has 2% HODLer's Reward in form of $KAINET and there will be NFT rewardsKAINET will launch Staking with variable APR while ensuring inflation remains in control. Periodic burns will happen in-game as well as outside of game. + +&#x200B; + +**BUY HERE ON PANCAKE SWAP:** [https://pancakeswap.finance/swap#/swap?inputCurrency=0x723b6795be37ad8a0376acfb50034fa21912b439](https://pancakeswap.finance/swap#/swap?inputCurrency=0x723b6795be37ad8a0376acfb50034fa21912b439) + +&#x200B; + +**CHARTS:** [https://www.dextools.io/app/bsc/pair-explorer/0x723b6795be37ad8a0376acfb50034fa21912b439https://poocoin.app/tokens/0x723b6795be37ad8a0376acfb50034fa21912b439](https://www.dextools.io/app/bsc/pair-explorer/0x723b6795be37ad8a0376acfb50034fa21912b439https://poocoin.app/tokens/0x723b6795be37ad8a0376acfb50034fa21912b439) + +&#x200B; + +**$KAINET TOKENOMICS** + +* 3% Liquidity +* 2% Rewards +* 2% Marketing + +&#x200B; + +**KAINET Community :** Be part of the loyal, active and amazing community that you can ever find in any crypto project. + +Twitter: [Twitter.com/kainet\_official](https://Twitter.com/kainet_official) + +Facebook: [https://www.facebook.com/groups/kainet/?ref=share](https://www.facebook.com/groups/kainet/?ref=share) + +Instagram: [https://instagram.com/kainettoken?utm\_medium=copy\_link](https://instagram.com/kainettoken?utm_medium=copy_link) + +Telegram: [https://t.me/KAINET\_OFFICIAL](https://t.me/KAINET_OFFICIAL) + +Reddit: [https://www.reddit.com/r/KAINET/](https://www.reddit.com/r/KAINET/) + +Discord: [https://discord.gg/tgr3aFzfNz](https://discord.gg/tgr3aFzfNz) +I got my tax return today and it went straight into BTC. I'm still pretty new at the whole Crypto thing, finally taking a deep dive and learning as much as possible in early February of this year after trying to trade to make fiat in '17 and' 20. I see it totally different than I did before, and am now a firm HODLer. + +I know $1000 isn't much but this feels like a big accomplishment for me. I've never been good about saving money, simply content with working and living paycheck to paycheck. When that stimmy comes you know right where it's going. + +I'm thankful for this sub despite being a lurker. This is a cool community with plenty of users that will remind you not to fall into FOMO, be careful what you invest, and beware of scams. +I have to vent out, hope you find this motivating in a way and maybe you could try it by yourself if you feel like me. + +I discovered cryptos 1 month ago, like a lot of people, and I finally started to do some research, i've heard of BTC before but this time I actually decided to get into it. + +I decided I wanted to be a holder™, and a non biased one. I care about my coins and I believe in them. + +Long story short, I purchased various coins, downloaded wallets, crypto apps, chrome tickers, I learned how to make paper wallets, Ilearned how the blockchain works, I learned what mining is, I learned how to use the block explorer, I made a Google Sheet with all my stuff, I made bookmarts on Chrome, backups, set up price alerts, etc. + +I have everything I need. There is no excuse for checking coimarketcap.com every 5 minutes, or opening blockfolio, of checking the block explorer, or adjusting my alarms. It's gotten to the point where I put work aside and I just enter a fucking loop of going to coinmarketcap, then to my portfolio, then to my wallet, then to the explorer and so on until I realise I wasted 1.5 hours of my life looking at charts and numbers. The worst part of all of this is that i'm not even planning on panic selling if the price goes down or anything (I'm a holder like I said), I have no idea why am I looking at the price, I have a target price yes, but it could take months/years to achive that. I have no clue why I start looking at charts if all my coins are in cold, thats my point. + +Today I decided to make a change, I installed a chrome extension to block sites and allow me to use them only from 21:00 to 4:00. I blocked everything crytpto related and it worked thru the day quite well. The problem is, at exactly 9pm, I entered the crypto loop once again... So this is it, i'm blocking them 24/7 and I will just leave my alarms on, which are ready to be lauched with push notifications when the time comes, I believe being notified is alright, the actual problem is looking and looking at charts, it its what it is; I have no control over the market so I will stop wasting my time and let the chart be whatever it decides to be! + +I will leave crypto related stuff for 30 days and I will see how it goes, I wanna educate myself and prove to myself that I can infact stop looking at charts - + +Lets hope ETH skyrockets to the moon, everyone! Good luck :] + +See ya in one month + +edit: I've read every single comment im this thread, loving these replies!! Very motivating hearing other people join in, I hope this is an eye opener for the people who need it! +Just to change up the "SCHD is bae" and "started investing yesterday here is my 2M portfolio" posts, I was thinking of a discussion about where you are now, where you want to go, and a realistic plan to get there. For example + +Age 30M + +25k invested in a mix of growth and dividend stocks/etfs + +Goal is leanfire / fire / 4000 monthly (LCOL area with house owned) + +I'd like to hit 900k+ by my early 40's and then re-evaluate if now is the time to retire + +Main holdings: VOO/VFV (\~60%), SCHD/Big 5 Canadian banks/ENB/BCE (\~40%) + +Investing 1000 monthly DCA + DRIP. Also expecting some money via inheritance in the next year and will use that to max out retirement accounts. + +&#x200B; + +Maybe we can help each other with recommendation and encouragement? +I am a US-expat living in Amsterdam. Own a single family rental in northern KY (original residence). Has been successful and considering other markets. +I have applied for computer engineering masters and confident that will into top 20 colleges. So far I have one admit in ASU (safe for me). I can't decide how to fund my masters though. The government guideline value is much less than what the actual rate is. So I cannot take an education loan with that property as collateral. NBFC like Credila offer collateral-less loans upto 45 lakhs but the interest rate is floating and very high. What should I decide on for completing my masters dream. +“After a heady experience of that kind, normally sensible people drift into behavior akin to that of Cinderella at the ball. They know that overstaying the festivities that is, continuing to speculate in companies that have gigantic valuations relative to the cash they are likely to generate in the future will eventually bring on pumpkins and mice. But they nevertheless hate to miss a single minute of what is one helluva party. Therefore, the giddy participants all plan to leave just seconds before midnight. There’s a problem, though: They are dancing in a room in which the clocks have no hands.” + +Edit: My first award, thank you kind stranger 🙏 +I am going to open up by saying that some of the following is going to be FACT and some of it will be OPINION. However, the opinion will never prevail over the facts. Also, depending on traction I may do a second post with some more up to debate things. +I also know that the title alone will lead to downvotes, some of you won’t even read it before downvoting. It is a shame that people forgot downvotes are supposed to be used to penalize off-topic and not to punish unpopular opinions, not to create echo chambers. +So let’s get to it shall we? + +**ETH is shady:** +Not only is ETH a security, it has always been manipulated by well connected and powerful people behind the scenes. The connections between the ETH Foundation, ConsenSys, and the SEC are totally public knowledge. +Jay Clayton, the former SEC chairman, was a partner at Sullivan and Cromwell. +Joe Lubin, co-founder of ETH, also founded ConsenSys. He also bought 9.5% of ETH supply. +ConsenSys is a client of Sullivan and Cromwell. +That was the back door ETH used to get the free pass on regulations. +There are court papers about the meetings between ConsenSys and the SEC. +At the same time, the SEC was prosecuting DOZENS of ICOs that were using the exact same approach ETH was. +Hinman’s, Clayton’s Director of Corporate Finance, speech where he says ETH is not a security was partly WRITTEN by some of ETH top investors. +The plan by ConsenSys with the help of the SEC was clearly to make ETH the only crossborders payment platform by giving it a free pass, while at the same time preventing any incursion into that space with SEC lawsuits. +At the same time this was happening, Gary Gensler told an MIT audience that “XRP deserved regulatory clarity”. (I won’t go in depth with the Ripple lawsuit here). +Not only is Chairman Gensler trying to pretend he never said that, and the entire SEC trying to hide the fact they gave ETH a free pass, to date ETH is the only altcoin to have had the privilege of being formally consider a commodity/currency and not a security. +Other funny “coincidences” include: Claydon being hired by a crypto hedge fund 100% invested in BTC and ETH. SEC Enforcement Director Marc Berger being hired by Simpson Thatcher and Bartlett, part of the ETH Alliance and Hinman’s prior employer, less than a month after the Ripple lawsuit was filled. Hinman receiving $15 Million, during his service on the SEC, from Simpson Thatcher and Bartlett. AND after leaving the SEC, Hinman returned to Simpson Thatcher and Bartlett as a senior crypto adviser. + +**ETH is centralized:** +Users and nodes have no real power to shape the protocol. This is virtually true of all protocols with a Foundation at it’s head, but we can’t forget ETH falls under this group. +The first piece of evidence here is the ETC hard fork. This fork happened because the wrong people lost money. The changed the code and the protocol for the first time to suit the wealthy whales and not the users or miners. They changed the rules to fit their goals. +The second piece comes in the form of changes to mining rewards. This was a blatant attempt to decrease supply by not paying the miners. More important than the way it impacts the economics of ETH, it points towards a centralisation of power. Rules can be changed on the fly with no consideration from the community but based on profits alone for the higher ups. +This leads us to the PoS change. This has nothing to do with energy concerns or with price of fees. This is meant to skip all the intermediate problems by getting rid of miners and let the token holders leverage their will directly. Don’t forget the LUDICROUS amount of ETH that was pre-mined. +Every hard fork the Ethereum blockchain has enacted has always been for the benefit of the few, never for the benefits of the community. You know what that looks like? Our current banking system. Where the citizens and the working class pay the price for mistakes and reap none of the rewards for profit. +People in this sub hate central bank digital currencies, failing to see that every abuse these could enact on the public, so can Ethereum upon it’s users. +To quote one of my sources “Etherium is not a decentralized peer-to-peer system. It is a system with an unaccountable ruling class exploiting the working class, making promises they can’t keep, while spinning a wonderful narrative.” + +**ETH recent and future design is bad:** +Everyone was fooled into thinking EIP 1559 was going to be a good thing. How the Foundation pulled that off is honestly mind boggling. +This change made it so fees were more uniform. Uniformly high. And making sure that miners saw none of that profit by burning it. +Burning the fees essentially made sure that the biggest holders get they profits increased because every ETH is worth more, while miners that actually keep the network safe get a pay cut because there are less fees per block for them. +But the biggest problem is that you are getting a landlorded network to users. If you want ETH to be useful, you need to, well, use it. But this model makes it so the interests of holders are opposite to the interests of users. Users want lower fees so they can use the network to transact, but holders want higher fees, for more burn and more profit. +Taking money out of the pockets of miners decreases security. If you are paid less you have a higher incentive to get your money some other ways. +And since users and holders have different agendas, future goals benefit different people. An interesting question would be for instance what happens in the case of a block size adjustment? Bigger or smaller block sized benefit users and holders differently. +Well, given ETH’s history, you know how those chips would fall. Even this decision was reached by a small amount of key players. +And PoS will only make this whole process more straight forward. The fact that the token holding are already so centralized will make changes easier for the ruling class and be baked into the system. + +**In conclusion:** +ETH’s had a shady start, has been controlled by a group of shadow players on the background, is becoming less and less secure and has no intention of not being. +At any point, any decision can be hard forked in. The miners don’t matter. Your nodes don’t matter. +ETH is INTENDED to shackle you the exact same way the current banking system does. +Don’t be fooled. + +**Sources:** +https://tomerstrolight.medium.com/the-problem-with-ethereum-af9692f4af95 +https://www.crypto-law.us/the-ethereum-free-pass-fair-notice-and-the-fight-ahead/ +https://www.coindesk.com/policy/2021/09/17/ethereums-design-choices-are-inherently-political/ + + +EDIT: I was enjoying the discussion in the comments, but I am getting spam downvoted so I will have to stop. This is the state of this sub. +This is something I struggle it for a while. Multiple teachers tried to explain it to me but I just don't get the use or how it works completely. + +I thought it works like this: you buy something in your company which you can depreciate it over different years so you are not paying taxes and distributing the cost over different years (could be completely wrong). + +But I saw other stuff like someone who was calculating how much a car would cost over 50 years and he also included depreciation cost but I have no idea what it means, what this includes or how you calculate it. + +Can someone explain how depreciation works? Or why it exists? Maybe with an easy to understand example? When to include it? +Because looking at the price action, it's $14,564 a share now and 2022 was a tough year for me. I had to build this time machine and it wasn't cheap so I have to cover my costs, I'm sorry. + +I will take some of the proceeds and and donate it to the WallStreetBets Museum of Autism on 5th Avenue in Manhattan that opened last week; the original piss-drinking martini glass was amazing to see in person as was DFV's headband. + +It's a bit lonely on earth now that the population has dropped by 9.4m but I will hopefully catch you on the next $TSLA moon flight next week. Can go to the MilkBar at Promontorium Archerusia and catchup on good old times when we used to live on earth? + +&#x200B; + +EDIT: FUCK I ACCIDENTALLY POSTED THIS TOO EARLY - this is a glitch in my faulty time machine and I don't know how to amend, was scheduled to post this for July 2023. FUCK. +I’m looking for my first rental and I’m scoping out deals using the 1% method. A lot of the houses I’m looking at are way overvalued back the rent they would bring in. + +Are you currently investing in this market or would it be smarter to wait? +>Those that fail to learn from history are doomed to repeat it. + +A 2012 Rolling Stone article [Accidentally Released – and Incredibly Embarrassing – Documents Show How Goldman et al Engaged in ‘Naked Short Selling’](https://www.rollingstone.com/politics/politics-news/accidentally-released-and-incredibly-embarrassing-documents-show-how-goldman-et-al-engaged-in-naked-short-selling-244035/) links to an incredibly detailed [motion \[PDF\]](http://media.economist.com/sites/default/files/pdfs/Plaintiffs%20Opp%20to%20MSJ.pdf) by Overstock lawyers asking the Court to deny Defendant’s (Morgan Stanley, Goldman Sachs & a bunch of other banks) attempts to seal (meaning "hide") evidence that was submitted which would embarrass the banks. + +This particular document was written by lawyers for the Plaintiffs (Overstock) so it's obviously biased the way apes seek confirmation bias. We'll focus on Section II "Factual Background" on pages 4 through 21 for this DD. + +[\[pg 4\]](https://preview.redd.it/m0kwm7ihodl91.png?width=1948&format=png&auto=webp&s=dc6a9835997569203723c1123961fe992e3aafc9) + +Perhaps some apes can find these publicly available filings and court records? I'm too smooth to know how to do this, but a friend mentioned trying PACER. + +>Defendants decided to **manipulate supply and demand** for short sales by consciously opting not to settle certain short sales in hard to borrow stocks, including Overstock, at all. ... Both Goldman Sachs and Merrill Lynch decided to **create fails-to-deliver** in their affiliates, GSEC and Merrill Pro, so that they could correspondingly **create "supply"** in Goldman Sachs and Merrill Lynch. ... Goldman Sachs expressed its "intentions to **create supply and perpetuate selling in stocks with a large amount of short interest**." + +[\[pg 5\]](https://preview.redd.it/ungpuv1kodl91.png?width=1954&format=png&auto=webp&s=900e64c425d278c746c1a2070223e8cf1fad767d) + +# Sound familiar? Naked short selling isn't new + +>Defendants' decisions to **intentionally fail to deliver Overstock stock caused large-scale naked short selling** of Overstock stock. + +By intentionally failing to deliver millions of shares of Overstock, Defendants "increase\[d\] the tradable supply of shares of Overstock available for short sales by as much as 34%". "The fails created supply in excess of **six times the average daily trading volume of Overstock**." (*For comparison, the highest reported Short Interest for GameStop was 226% and BBBY still has 107% reported short interest.* *Have you seen how fast GME and BBBY floats trade?*) + +&#x200B; + +[\[pgs 6-7\]](https://preview.redd.it/56o9gdcnodl91.png?width=2010&format=png&auto=webp&s=b30f6f56aec0ece4abda6c6f485133cfb818962f) + +Goldman Sachs, [who asked "Is curing patients a sustainable business model?"](https://abovethelaw.com/2018/05/goldman-sachs-asks-is-curing-patients-a-sustainable-business-model/), went above and beyond to circulate a *list of stocks targeted for \[naked\] short selling*. + +[\[pg 6\]](https://preview.redd.it/z1fddgzpodl91.png?width=2042&format=png&auto=webp&s=455ad76d5816b4e72d11621edb1c8eca796569fa) + +# How did they naked short Overstock? + +>"The clearing firms ... determine whether a fail has been resolved and what the age of a fail is.... Merrill and Goldman also effected fraudulent trades to extend the duration of the fails to deliver." + +Merrill and Goldman used fraudulent trades to avoid regulations and extend fails-to deliver beyond the T+13 settlement date *without delivering any stock!* Merrill even helped match trades to kill buy-ins by *selling into* required buy-ins. + +[\[pg 9\]](https://preview.redd.it/hbae2iksodl91.png?width=1958&format=png&auto=webp&s=879da041165bfd9898057221d8bfb6392a3c4679) + +Goldman played the same game of matching orders selling into buy-ins maintaining open FTDs. + +[\[pg 10\]](https://preview.redd.it/7jw73isuodl91.png?width=1950&format=png&auto=webp&s=69521c8efb022f0567408b451ab0681785a5047f) + +All these naked shorts were falsely reported as bona fide short interest. + +[\[pg 10\]](https://preview.redd.it/fnua973xodl91.png?width=1970&format=png&auto=webp&s=9c5c8e161ad5d11f99d0fe39f180429d0669c5ce) + +# F* compliance + +Despite Merrill's Chief Compliance officer being *against* this illegal naked shorting and failing to deliver, internal emails (*including by Merrill's* ***President***\*)\* said "F\* compliance": + +[\[pg 11\]](https://preview.redd.it/ymwp1g5zodl91.png?width=1960&format=png&auto=webp&s=2b1e32458de2f1c1dede7c2487621ccb11c80d18) + +[\[pg 18\] ](https://preview.redd.it/xx0muhf1pdl91.png?width=1968&format=png&auto=webp&s=b9fd3c009715d4ff3977e0697d685ad5a8720e89) + +# A Treasure Trove + +The prior Overstock case is clearly a treasure trove of good info apes could use, if apes can figure out how to find and access them in public records. + +[\[pg 14\]](https://preview.redd.it/qibq8pd3pdl91.png?width=1974&format=png&auto=webp&s=a791662e6dec97833e2954bb2db20eb08098437b) + +There's public records out there where we can find testimony from people like Marc Cohodes, a managing partner at Copper River Partners (a short seller), who described Goldman Sachs as "like the mob", "a racketeering entity that does whatever they can to make a dime without conscience, thought, foresight or care about ramifications ... cold-blooded and could care less about the law": + +[\[pgs 20-21\]](https://preview.redd.it/vtdk4yjapdl91.png?width=2016&format=png&auto=webp&s=ba34068675290d75871d22d20b9e962d1d1ac3e1) + +# What Next? + +All these crooks know how to do is stay hidden. Their naked short playbook hasn't changed much in two decades, they just kept their secrets hidden and it's time to light things up. + +1. Find these public records. The prior litigation was Overstock.com plus a bunch of individuals against 24 Defendants including [Merrill Lynch, Goldman Sachs, Morgan Stanley, Bear Stearns, Citigroup, JP Morgan, BNY Mellon, UBS, and Credit Suisse](https://trellis.law/case/CGC07460147/OVERSTOCK-COM-INC-A-DELAWARE-CORPORATION-et-al-VS-MORGAN-STANLEY-CO-INCORPORATED-et-al) (Case CGC-07-460147). +2. Expose crimes. +3. Report crimes to SEC & DOJ. + +EDIT: Typos and formatting + +UPDATE (Moar Resources!): + +[2007/2/02 Complaint filed by Overstock et al against Morgan Stanley et al in San Francisco Superior Court Complaint for Case CGC-07-460147](https://cdn.static-economist.com/sites/default/files/pdfs/Fifth_Amended_Complaint_%28Redacted%29_Redacted.pdf) in this DD (Thanks u/JustBeingPunny) + +[2014/11/13 California Appeals Court filing (Overstock et al vs Goldman Sachs et al)](https://cases.justia.com/california/court-of-appeal/2014-a135682.pdf?ts=1415916062) (Thanks u/JustBeingPunny) + +&#x200B; + +&#x200B; + +&#x200B; +Anyone else wondering how everyone else manages to get by so easily? Houses are going for 20% over asking, somebody is buying those, vacancy rates are at all time lows for rentals (so it’s not just investors buying and sitting on them), food costs are up, gas costs are up, energy costs are up, yet my entry level job pays the same that it did 15 years ago. + +How is this possible? Every one of my relatives seems financially well off, constantly taking vacations, upgrading their living space, buying new cars, so where’s all this money coming from? Is everyone secretly rich except me? How do they afford to eat out all the time? +Not only the MOASS will be a once in forever event. There simply hasn't been a group like this before. A movement like this. Members from dozens of countries, of all classes, shapes, sizes, colours, you name it. + +Fighting for a common goal: Defeate financial terrorists, become rich in the process and make this world a better place. + +And you won't stop. We won't stop. + +All the knowledge we gained won't simply vanish when this is over. We will keep giving everybody hell, who keeps playing the dirty game that went on for the last years. + +So stand together. As Rensole says: If we all care for each other, the ones that don't will stand out! + +I'm so proud to be a part of this and i will see you guys on the motherfucking moon. + +Love-Rant over. + +BUY THE DIP. HODL. VOTE. +Inspired by the thread about Australia's future posted yesterday, what countries do you see having a significant impact on the world economy? India and China will definitely be leaders, but what about post-Brexit UK, France, Russia etc? Would love to hear your thoughts! +Things I learned: + +* its a fun hobby but a shitty job, there is a lot of operational work to keep things running and performing. + +* Not a single algo is the magic one. Most algos which run consistently make a small profit, but transaction costs, slippage and spread kills your backtest results when you use them in a real market. The skill is still in identifying the type of market for your timeframe. Best practice is to identify the trend in a bigger timeframe, and execute your algo on a smaller timeframe. + +* Every little variable changes the outcome of your strategy, there are many more variables than you are aware of. Just the difference between having a fixed amount or the same amount as a % will make a huge different after >1000 trades. Every little variable is important + +* Backtesting is flawed because you dont have all the data and cant look inside the candle/timeframe you are analysing. Forward testing is better, but putting some money on it in the real market is best. + +* Its very doable to create your own system for little costs. all my costs are less than 100 dollar per month which gives me 1 second execution time in a 0 fee market with loads of liquidity, which is more that fine for smaller timeframes like 15m or even 1 minute charts. I can create any strategy I want based on any TA I program and/or any api with fundamental data. My only costs are data and the server. It takes a long time to learn how to full stack develop your own system, but its worth it just for the costs and flexibility. + +* in 2022 there is so much data available that professional firms have no real advantage over you anymore in markets like crypto. + +* 4 hour and daily chart is most profitable for me, weekly chart is king in identifying the current market. + +* Transaction costs, slippage and spread will kill you. Your most important task is to get your operational costs as low as possible. Your second most important task is to lower your latency under 10 seconds if you want to make short term trades. 4 hour and above your can go up to a minute but most algos tend to buy/sell on moments where markets are very volatile so even a few seconds delay can change variables like price and momentum and you are not running the algo you backtested anymore. + +* Its a videogame and that is how you need to approach it. +**NEW HERE?** Are you wondering what DRS is? Do you want to know how and why people are Direct Registering their shares? **Please ask away in the comments! Try to search the comments first to see if your question has been answered.** + +**HAVE YOU GONE THROUGH THE PROCESS OR RESEARCHED IT?** We have some helpful people already willing to answer questions. If you want to be one of them too, hop in and help where you can. We appreciate every last one of you. This thread will sort by new, to make it easier to find unanswered questions. + +**WANT TO FIGURE IT OUT ON YOUR OWN?** [our comprehensive Computershare Guide](https://www.reddit.com/r/Superstonk/comments/ptvaka/when_you_wish_upon_a_star_a_complete_guide_to/) + +[IRA Guide](https://www.reddit.com/r/Superstonk/comments/scpxs9/another_path_to_drsira_with_no_taxable/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) \-- involves moving shares to a custodian, please research the risks involved with various [custodians](https://www.abc.net.au/news/2021-03-05/share-custodians-holding-your-stocks-explainer/13177716) + +[another IRA Guide, this time using an LLC](https://www.reddit.com/r/Superstonk/comments/tc3n8g/how_to_drs_your_ira_shares_the_god_mode_cheat/?utm_source=share&utm_medium=web2x&context=3) + +&#x200B; + +https://preview.redd.it/u67on4ig3cn81.jpg?width=1201&format=pjpg&auto=webp&s=22c3ccb1edb2c3e0d71fa8ff15d5c3d2b4cb7c03 + +[Registered owner = DRS](https://preview.redd.it/86p5qrw33cn81.jpg?width=1834&format=pjpg&auto=webp&s=9a7054bf9e8fe9552288f12e5d6f0203d3b96344) + +[Beneficial Owner](https://preview.redd.it/6fdr5uh43cn81.jpg?width=1820&format=pjpg&auto=webp&s=8714e788a194b205e05e08f11ab8d3ecd6bdf9bf) + +credit to Computershare on [Youtube](https://www.youtube.com/watch?v=c65RY22lky4) + +[DTCC explaining DRS](https://www.dtcc.com/settlement-and-asset-services/securities-processing/direct-registration-system) + +When you buy through a broker-dealer, they will be in the "street name" aka they're registered with your broker-dealer. + +What can they do with street name shares but not with direct registered shares? LEND THEM OUT TO SHORT SELLERS! + +From DTCC - REDUCES RISK ASSOCIATED WITH PHYSICAL SECURITIES PROCESSING, INCLUDING TURNAROUND DELAYS, MAIL LOSSES AND RISKS ASSOCIATED WITH STOLEN, FORGED OR COUNTERFEIT SECURITIES\* + +&#x200B; + +link to Computershare's chart that shows that direct registered shares are removed from Cede & Co. / DTC: [https://www.computershare.com/PublishingImages/company-share-structure.jpg](https://www.computershare.com/PublishingImages/company-share-structure.jpg) + +link to Computershare's FAQ page that also has that chart: [https://www.computershare.com/us/becoming-a-registered-shareholder-in-us-listed-companies](https://www.computershare.com/us/becoming-a-registered-shareholder-in-us-listed-companies) + +&#x200B; + +# Do you want to post your DRS position but don't have enough karma? Post in r/GMEOrphans to feed the bot. + +# If you want to ask questions here but your karma is too low for the sub, DO IT! Automod will remove your message but I will manually approve it for you💜! + +To reduce clutter I will remove off-topic comments. + +# 🟣 UPDATE 🟣 8.9 MILLION SHARES SO FAR!!!!!!! + +https://preview.redd.it/xikehhrqhxo81.png?width=875&format=png&auto=webp&s=c5ef5c51f2f10b01004f8f47a78b7ff68eed35c1 + +`This is all education, and not financial advice.` +Hello there, I am a high school in Canada, and we have recently gotten an investing assignment in school. The goal is to make as much money as we possibly can in five weeks in the Canadian market in an investing simulator. We are given 100 000 dollars to invest, and we need to invest in at least four different stocks, with no stock making up over fifty percent of our portfolio. I know nothing about the stock market and don't even know where to start. Can anyone point me in a direction of where to begin? Any advice on how to make the most money possible in a short period of time? + +Thank you in advance. +DFV's [tweet](https://twitter.com/TheRoaringKitty/status/1382405013989961736) today is a scene from Lost, the TV series + +They couldn't open [the hatch](https://lostpedia.fandom.com/wiki/The_Hatch#Entry) except by blowing it open using dynamite. + +Where was this dynamite found? On a trading ship called the [Black Rock](https://lostpedia.fandom.com/wiki/Black_Rock). + +Are we about to blow open the hatch?! + +https://preview.redd.it/4bae8c2o57t61.png?width=806&format=png&auto=webp&s=1df6fa68273bda18e35ac369fe6026b6557766cb +There was a post going around the other day about how this is such a memorable time for anyone lurking these forums and crypto, and how we truly won’t forget it. + +Our first purchase of BTC... our first moon landing... our first rug pull... and probably most coherently, the first time you got **BOGGED**. That magical moment in which you decided to tip your toes into a new asset and instantly became financially ruined. And, of course, right when you panic sold, Igor and Grichka ate that fucking dip. + +So, like me, when you saw Bogged Finance for the first time, it was easy to put down as another memecoin, a community-driven blah blah blah with a pretty funny leaderboard that tracked whenever anyone sold. Which, as a fan of public shaming, this pleases me. + +But if you’ve been around these boards, you might have dug a little deeper a time or two and noticed that there’s more going on with Bogged than just hilarious memes and a dedicated fanbase. + +No, if you’ve been on Binance Smart Chain, then you’ve almost definitely seen some Bogged charts starting to float around. That’s right, **Bogged Finance has BogTools, with limit sells launching soon,** and BogTools are, believe it or not, going to bring some real legitimacy to trading on BSC. + +**You see, the biggest problem with trading on BSC right now is that there’s no way to stop yourself from getting completely destroyed on any single investment. While you might not think this is a big deal with your twenty shitcoins waiting for one of them to go 100x, your big boy traders want to make sure there’s a limit to how many beach houses they can lose.** + +If BSC is going to continue evolving into an ecosystem that can rival Ethereum, it’s going to need the ability for people to set limit orders, because I can tell you there are many traders who won’t touch a setup without one. Not everyone has all day to stare at PancakeSwap and check the price go up a cent, down a cent. + +Of course, if that is your bag, BogTools is also offering free charts unlike some of your greedier services out there demanding subscriptions through their token. Nope, they don’t need to rely on weak tactics like that over at Bogged Finance, where they’ve built their own price feeds and on-chain oracles (which they have big plans to expand on later this year and in 2022 as defined in their roadmap). + +**Bogged Finance might have started as a meme but it’s one by one taking down each major infrastructural issue with BSC**, and even having a little fun creating a usable RNG system utilizing their oracles that would be great for all of the new lottery and casino coins coming out. + +At a $17M market cap, and an ATH tracking above this mark, Bogged Finance has been consolidating the past couple weeks and looks ready for another breakout. The developments have been nonstop lately and it looks like the public is starting to see that this project is no joke. **Considering Kyber hit $700M on the Ethereum side of things bringing DEX limit orders to that network, I wouldn’t be surprised if Bogged Finance adds another digit in the coming year as BSC continues to expand.** + +Don’t let this be your lasting memory of this bull run, of getting Bogged for deciding not to get $BOG. And don’t you dare sell either. Otherwise seriously kids, you’re just NGMI + +Pancakeswap: [exchange.pancakeswap.finance/#/swap?inputCurrency=0xD7B729ef857Aa773f47D37088A1181bB3fbF0099](https://exchange.pancakeswap.finance/#/swap?inputCurrency=0xD7B729ef857Aa773f47D37088A1181bB3fbF0099) + +Website: [bogged.finance/](https://bogged.finance/) + +Limit Orders: [bogged.finance/trade](https://bogged.finance/trade) + +Charts: [charts.bogged.finance/](https://charts.bogged.finance/?token=0xD7B729ef857Aa773f47D37088A1181bB3fbF0099) +Car and laptop repair estimates are about to break my bank account and I’m laying awake unable to sleep because I can’t believe the bad luck I just had. + +At this point I don’t even want happiness, if I have money I don’t care how bland my life is as long as I never feel this stressful or anxious again. + +Edit: Thanks for the inbox messages dudes and dudettes of Reddit. This site truly is a wonderful +place. I was just a little spooked when I posted this because it was just terrifying that the two of them happened around the same time. That being said I asked for an advance on my paycheck so I’ll make it through this month. I also found some great +local repair places that are willing to let me pay in increments. I’m very grateful to my irl support network as well. Thanks ya’ll, ya boi will survive. +*This piece will be posted at 4:20 pm NYSE time every trading day!* + +https://preview.redd.it/edyt4p4xjo271.png?width=1426&format=png&auto=webp&s=4b0e3095dcb23e3a19183f9f81cac69e004d94bd + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# 🎶🎤🎸🥁 🦍Welcome to the Jungle🦍🥁🎸🎤🎶 + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# $GME Closing Price: $249.02 + +Open Price: $233.51 + +Daily High: $254.95 + +Daily Low: $227.07 + +Volume: 9.35 MM + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# ✏🚌 GME 101 🍎🖍 + +*If you're new to Superstonk, start here!* + +&#x200B; + +[WeBull's $GME rating 06-01-2021](https://preview.redd.it/yx44si56dp271.jpg?width=1079&format=pjpg&auto=webp&s=2cf3586300412671d3e92158cc7934cc100c10ca) + +&#x200B; + +[Superstonk FAQ](https://www.reddit.com/r/Superstonk/wiki/index/faq#wiki_how_do_i.2C_as_a_retail_investor.2C_stand_a_chance_against_the_hedge_funds.3F) + +[Superstonk Wiki](https://www.reddit.com/r/Superstonk/wiki/index) + +[The Everything Short](https://www.reddit.com/r/GME/comments/mgucv2/the_everything_short/) + +[House of Cards I, II & III in PDF format](https://www.reddit.com/r/Superstonk/comments/nm83eb/a_house_of_cards_parts_i_ii_iii_in_pdf/) + +*More DD to be added as we develop this section! This will be a daily recurring section that will serve as a go to reference for new apes!* + +Also, as you probably know, [u/Atobitt](https://www.reddit.com/u/Atobitt/) has dropped HOC II&III. Pretty sure it crashed reddit when it dropped!! This piece was peer reviewed by such prominent experts as Wes Christian, Dave Lauer and mods as well. The apes of Superstonk sincerely appreciate the time and effort put into getting this information out there. 🦍🤝💪 + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# 🎮 Game Stop 🛑 + +&#x200B; + +**If you haven't yet, you need to read** [**this VIP (Very Important Post)**](https://www.reddit.com/r/Superstonk/comments/nplhx7/game_stop/) **by** u/redchessqueen99\*\*. Every ape must read!\*\* + +&#x200B; + +https://preview.redd.it/xkrglcsfxo271.png?width=2084&format=png&auto=webp&s=0214e588471e036a282ed27436896ac68b16afaa + +So last night we kicked off **SATORI, our shill detecting AI.** + +&#x200B; + +# Here to answer ape's questions is our wonderful ape-bassador, u/Bradduck_Flyntmoore with this awesome TL;DR FAQ: + +&#x200B; + +Howdy apes! [u/Bradduck\_Flyntmoore](https://www.reddit.com/u/Bradduck_Flyntmoore/) here! As the Ape-bassador, it brings me real joy to see how excited everyape is about this. I can assure you, the mod team is equally excited. This new endeavor has a lot of potential, and I cannot wait to see it in action. That being said, the point of this sticky comment is to answer some of the questions (paraphrased) apes are having about Satori. I will be updating this sticky comment as I find more questions to answer. 🙏 + +&#x200B; + +**Q**: I haven't been approved yet, does that make me a shill? + +**A**: *No, ape, it does not. Satori is approving apes in waves, and likely has not gotten to you yet. Just hodl on and all will be well.* + +**Q**: What if the new bot overlords get carried away? + +**A**: *I also fear potential technological overlords, fellow ape! Because of this, I asked the dev team for a LOT of clarifications on function, method, and execution. Obviously I can't say too much, but please have my assurance that the mod team is able to turn it off any time. Additionally, mods are able to prompt it to do things, or prevent it from doing things, or even undo things it has done. Again, anytime mods feel it is required.* + +**Q**: How long will it take Satori to get through the waves of approvals? + +**A**: *Sorry, fellow ape, you'll just have to be patient. Mods played this one close to the vest for a reason, and to give away extra info now would be counter-productive.* + +**Q**: Does Satori work retroactively or will it just look at the content on Superstonk moving forward? + +**A**: *Yes. Both. Satori looks at ALL publicly available posts and comments on the sub.* + +**Q**: How does approval work? Do I need to do anything? + +**A**: *Just sit back and relax. Approval will come automatically; no action is required.* + +**Q**: Why was Satori approved without unanimous approval from the mods? + +**A**: *This is a fair and honest question, and I believe apes deserve to know the answer. The final vote tally was 10 for; 0 against; 2 abstain. Unfortunately, sometimes IRL events prevent mods from voting (decisions need to be made in a timely manner, after all), hence why not all mod votes are accounted for.* + +**Q**: What if my karma/age requirements are already high enough, do I still need to be approved? What if I do not receive approval, does that mean I get banned? + +**A**: *The approval process is to allow apes without the karma/age requirements the ability to participate in the sub. If you already have the required age/karma, AND if you do not get banned, there is nothing to fret over. Just carry on like Satori isn't even there.* + +**Q**: What sort of transparency exists between mods for how Satori is used? + +**A**: *All mods have access to the equivalent of a mod log for Satori. We can all see what actions it, and each other, take.* + +**Q**: Will Satori continue monitoring users after they have been approved? + +**A**: *Yes. Yes it will.* + +**Q**: If Satori is going to be banning users, should we expect to see a drop in membership? + +**A**: *This is entirely plausible, though the number of bans would have to exceed the number of new apes coming in daily. Don't be surprised if there is a dip, but also don't be surprised if there is not.* + +**Q**: Can mods release info on the actions taken by Satori, like how many users were approved, how many users were banned, how many posts were deemed FUD-y, etc.? + +**A**: *The dev team is meeting next Tuesday to review their first week of results. I won't have any additional info regarding this question until then. Stay tuned.* + +**Q**: Is the requirement age AND karma, or is the requirement age OR karma (whichever is greater)? + +**A**: *This is an AND scenario. Apes must have the necessary age AND karma requirements to comment/post. Lacking either will result in automod action unless the ape has been approved by Satori already.* + +**Q**: How do I know if I am approved? + +**A**: *Apes will receive a notification saying as much.* + +&#x200B; + +[ Satori \(覚, \\"consciousness\\"\) in Japanese folklore are mind-reading monkey-like monsters \(\\"yōkai\\"\) said to dwell within the mountains of Hida and Mino. ](https://preview.redd.it/arhuulwo7p271.png?width=389&format=png&auto=webp&s=9b2c2d68cb30f1883cdcf61c628ef2c0b53b6579) + +Back to u/Pinkcatsonacid 🐈🦄 + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# THE RETURN OF THE KING- DFV TWEETS AGAIN + +&#x200B; + +It's been 6 weeks. + +&#x200B; + +**The Kitty Has Been Watching** + +[The Kitty has been watching us the whole time](https://preview.redd.it/ypporfm3ap271.jpg?width=1080&format=pjpg&auto=webp&s=693fb1d3b75e16b1bd09d00c64d46811a6662b72) + +&#x200B; + +In the video of the comeback tweet, a cat is seen perched, casting an ominous shadow behind him, while *O Fortuna* plays in the background. + +u/tropicalsecret translated the lyrics for us: + +*O Fortune, like the moon you are changeable, ever waxing, ever waning, hateful life first oppresses and then soothes as fancy takes it; poverty and power it melts them like ice fate – monstrous and empty, you whirling wheel, you are malevolent, well-being is vain and always fades to nothing, shadowed and veiled you plague me too; now through the game I bring my bare back to your villainy fate is against me in health and virtue, driven on and weighted down, always enslaved. so at this hour without delay pluck the vibrating strings; since Fate strikes down the strong man, everyone weep with me!* + +&#x200B; + +**OUR KING KITTY HAS RETURNED 👑🐈** + +&#x200B; + +🚀🚀🚀 + +&#x200B; + +**Breaking Through the Floor** + +[John Wick prepares to fight back](https://preview.redd.it/2m46chtkap271.jpg?width=1080&format=pjpg&auto=webp&s=1a7c08ac3d495bab67c61e67d037bec910055751) + +[Here is the scene for context.](https://www.youtube.com/watch?v=52Ikr4574fM) + +&#x200B; + +John Wick had his ass kicked. His dog killed. He was down and beat. And this is the scene where he decides to fight back. And he breaks through the floor to find his weapon- the pencil. + +&#x200B; + +🚀🚀🚀 + +&#x200B; + +&#x200B; + +[\\"... you're locked in here with me!\\"](https://preview.redd.it/yqqakg4cgp271.jpg?width=1080&format=pjpg&auto=webp&s=7673e7d9b7eb557119de7f2648153e424b32d8f2) + +&#x200B; + +Self explanatory, I think. + +&#x200B; + +[pls stay with us](https://preview.redd.it/ifdy8l5njp271.png?width=512&format=png&auto=webp&s=b050a60e98bf97459c2c319d64b1595a60bd453a) + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Community Spotlight- u/BodySurfDan and [u/RiverJumper84](https://www.reddit.com/user/RiverJumper84/) + +&#x200B; + +u/BodySurfDan [**dropped another bop on us with lyrical flow that will make you dizzier than Death Spiral Financing.**](https://www.reddit.com/r/Superstonk/comments/npts59/get_jacked_good_lord_gamestop_the_gamestop_saga/) + +&#x200B; + +[me](https://preview.redd.it/zlyfmuy7fp271.jpg?width=1080&format=pjpg&auto=webp&s=a0919e6196c9627bb1e3c07728c55e92bc4f407d) + +How many times did I bump this while driving around this holiday weekend?? More times than my family can quite understand. + +&#x200B; + +[u/RiverJumper84 **is repurposing old Gamestop commercials.**](https://www.reddit.com/r/Superstonk/comments/nokxvf/im_repurposing_some_of_gamestops_old_commercials/?utm_medium=android_app&utm_source=share) **Get a hit of humor and nostalgia with these masterpieces.** + +He's doing a series so check that out! + +&#x200B; + +*This is the most creative and amazing community. I'm so proud of the art apes make every day! You make the sub, and the world, a better place! 💪* + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# Lucy Komisar and Wes Christian AMA🎤 + +&#x200B; + +**Tomorrow we will be welcoming back Lucy Komisar, this time as a special guest host for fellow AMA veteran, Wes Christian!** + +&#x200B; + +[Wes Christian](https://preview.redd.it/h6y6nt1qkp271.png?width=170&format=png&auto=webp&s=daf79a5cb171c64fe5bebdaf8d8520ef5e7a5245) + +The topics of discussion are going to be Naked Short Selling and Death Spiral Financing on a broad, market-wide scale. + +&#x200B; + +[There is still time to submit your questions in the official thread!](https://www.reddit.com/r/Superstonk/comments/np7tmd/official_ama_question_thread_for_lucy_komisar_and/?utm_source=share&utm_medium=web2x&context=3) + +&#x200B; + +# [Tune in tomorrow- Wednesday, June 2, at 4:30 pm Eastern on Superstonk Live YouTube!](https://www.youtube.com/c/Superstonk/featured) + +&#x200B; + +&#x200B; + +[Lucy Komisar](https://preview.redd.it/0mdo7wjmkp271.png?width=1542&format=png&auto=webp&s=0a41910a51cf988dfcb12e972f41fb7fc8c278df) + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# VOTE! by [u/Bye\_Triangle](https://www.reddit.com/u/Bye_Triangle/) + +&#x200B; + +Again, and again, until the voting is over-- we will be back here reminding everyone of its importance. All of this DD, all of this guidance from experts, all of this attention on this naked short-selling issue... will be for nothing, if we don't vote our shares. + +We must vote our shares to show everyone how prolific this issue is. This isn't just a matter of corporate governance, this is about proving to everyone that our investment is being crushed by greedy naked short sellers dumping, potentially, millions and millions of "Phantom Shares" into the market. This isn't anything new, as all our AMA guests have said, this problem has been going on for decades in some form or fashion... But this time, the new variable is us. + +By participating in the vote you are ensuring that every last share that the shorts have fabricated and sold to us is counted. Once their actions see the light of day, in the form of the vote count, this will be the beginning of the end... + +There is no way out for them as long as we all vote our shares. Anyone who tells you otherwise is wrong or doesn't fully grasp the situation. + +&#x200B; + +https://preview.redd.it/kjx3hmccqo271.png?width=1000&format=png&auto=webp&s=c1909cbc65550b7246a59426796b41022f37f517 + +And to those of you who are told by your brokers that you aren't able to vote... make noise, tell them you demand your rights... If you own shares in a company, it is YOUR RIGHT to vote on that companies decisions. + +&#x200B; + +**There is proof that this works, as we are receiving news that** [**Etoro**](https://www.reddit.com/r/Superstonk/comments/nmtq9s/we_did_it/)**,** [**Tiger**](https://www.reddit.com/r/Superstonk/comments/nmt6lw/not_sure_if_posted_before_but_fyi_singaporean/?utm_medium=android_app&utm_source=share) **and** [**FUTU**](https://www.reddit.com/r/Superstonk/comments/nmvme5/hong_kong_apesss_using_futu_can_finally_vote/) **are now being made able to vote... So don't give up, if you had shares in time for the record date, then it is your right, do not take it lightly that they are trying to strip that from you.** + +&#x200B; + +[The other half of Sweden is joining the battle! Nordnet have decided to follow Avanza's footsteps and register all GME customers in a broker non-vote! Including all customers in the other Nordic countries!](https://www.reddit.com/r/Superstonk/comments/nn50ye/the_other_half_of_sweden_is_joining_the_battle/) + +&#x200B; + +[**Also, be sure to read this piece by**](https://www.reddit.com/r/Superstonk/comments/nlpz4h/your_votes_are_important_the_time_to_vote_is_now/) [**u/Nauaf**](https://www.reddit.com/u/Nauaf/) [**on how to vote your shares!**](https://www.reddit.com/r/Superstonk/comments/nlpz4h/your_votes_are_important_the_time_to_vote_is_now/) + +&#x200B; + +[Meme credit u\/PikePies](https://preview.redd.it/k0bxwrzvap271.png?width=720&format=png&auto=webp&s=bb47d5d166d66b9ddfa0864f14ddd4baec53d191) + +&#x200B; + +**Comment ! apevote ! (without spaces) to receive your custom voted flair!** + +&#x200B; + +&#x200B; + +[Credit: u\/OfficialRedditMan ](https://preview.redd.it/vuod38t9pp271.png?width=960&format=png&auto=webp&s=f08d4a6412863d95600bb3a004f6cd53282f57c3) + +&#x200B; + +If you lost your custom flair teaching others how to get the voted flair, thank you for your service! We do flair threads every Friday, and u/Bradduck_Flyntmoore does wild flair threads all the time! + +&#x200B; + +Back to [u/pinkcatsonacid](https://www.reddit.com/u/pinkcatsonacid/) 🐈🦄 + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# A Note from your friendly local Pink Cat 💖🐈 + +&#x200B; + +So Red's post also addressed the fact that myself and u/Bye_Triangle have been promoted to full Admin Mod positions. This means we have equal mod permissions to u/redchessqueen99 and u/rensole. Red and Ren discussed the matter privately, then approached the mod team for a vote. I know I can speak for both Bye and myself when I say I am humbled and truly honored at the responsibility given to me. Honor is a big deal to me personally, worth much more than money or even $GME. + +&#x200B; + +I won't speak too personally here, but I want you all to know a little more about one of the apes you have representing you and fighting for the cause. I love reading the motivation posts and knowing every ape's personal reason for HODLing. This is mine. Feel free to skip if you don't like the fluff stuff. + +&#x200B; + +I would like to share with you all here and now, that as a Native American woman, my story goes deeper than just GME. My personal motivation in the GME saga is not only because I love the stock and think it's going to change the face of retail, especially with RC involved.... and not only to enrich the lives of my family and change the system.... but I also hope to bring water back to my tribe- both literally and proverbially. I have intentions to completely change the lives of my registered tribe and all indigenous tribes after the Tendieman comes. This isn't an attempt at being political or anything, I hope it isn't received that way. I just feel compelled to share this with you as I'm appointed to help steer this ship. This is so much bigger than Gamestop. And you have my word, on my honor, that I will fight for every ape and do every one of you proud in this position. + +&#x200B; + +**They've criminalized our free market.** + +**They've shorted the very foundation of our financial system.** + +**They've robbed the Treasury.** + +**They've taken our businesses.** + +**They've taken our homes.** + +**They've taken our families.** + +**They've taken our land.** + +**They've taken our water.** + +**They've built this system on a House of Cards.** + +**And now, the people fight back.** + +&#x200B; + +As our friend u/StonkU2 always says, + +# Profit to the People, Power to the Player. ✊ + +\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ + +# 🎉HYPE WEEK🎉 + +&#x200B; + +**Monday**\- NYSE Closed for Memorial Day + +&#x200B; + +**Tuesday**\- DFV TWEETED- THE KING IS BACK!!! + +&#x200B; + +**Wednesday**\- [Lucy Komisar and Wes Christian AMA](https://www.youtube.com/c/Superstonk/featured) at 4:30 PM Eastern! + +&#x200B; + +**Thursday**\- [SEC Closed door Sunshine Act Meeting](https://www.sec.gov/news/upcoming-events/closed-meeting-060321) at 3:15 PM Eastern + +&#x200B; + +**Friday**\- Take your protein pill and put your helmet on. 🚀🚀🚀 + +&#x200B; + +There is electricity in the air this week as many apes have pointed out! It is important that this hype train keep on rolling, and that the steady drumbeat, keeps on beating. As long as you know that there is always more to be hyped about on the horizon, disappointment cannot catch-up. So with that in mind, allow yourself to feel the hype, but remember that if it doesn't happen this week... + +We ain't going anywhere, it just means we get another week out in the jungle, screamin' with the apes. ***OOK OOK*** + +Just remember, we got this far cause we do our research and we trust our findings. Armed with data there should be nothing that can kill the vibe. In the words of Dr. Burry: + +***"I may have been early, but I am not wrong"*** *(This quote has never rang more true)* + +https://preview.redd.it/zxfi7po1ko271.png?width=1600&format=png&auto=webp&s=f68c0bdaad9ae771c712bdcf29b0220b7d384909 +Talking about Our first project "CataBolt Swap" 🌟 CataBolt Swap official launch date is announced. 30th August is when the lion is out of its den. ⚡✌🏻 The first ever premium Swap! 🎉 Bots and hackers should think twice before making any move! We are gonna kick their asses! 👊🏻💯 We believe everyone deserves a safe playing field and we are dedicated to building a tokenmunity of like-minded projects and people. ☑️CataBolt Swap is a decentralized exchange protocol built on Binance Smart Chain. ☑️To avoid traditional token launch hazards like automated bot trading that can destroy a project before it begins, We have created the world's first decentralized token project whitelist launchpad. ☑️We devised a way to crush destructive bot trading by allowing thousands of people to participate in the project and create liquidity before the bots have a chance to strike on the public Pancake Swap open market. ☑️An innovative exchange helps prevent bot & hacker attacks before they happen.This exclusive platform for emerging tokens provides a safe platform. And the AIRDROPS, Y'all have been waiting for the it! 🤩 So, 28th August it is! 🎉😎 First of Five Snapshots will be taken for qualification for the CataBolt Swap claimed AIRDROPS! 🌟 Also, the Sneak Peek Into CataBolt Swap⚡️ will be on 25th August, Wednesday! In case you've missed the benefits TruBadger gives, here are some: TruBadger Hyper-deflationary reflection token, offering anti-whale system, manual buy backs and Multi-signature wallets. Weekly burns and 3 upcoming projects! 🤩 Ready to rule. 🔥 An ecosystem is a diverse, revenue generating, utility and continuous income stream for the token. + 😎Fully Doxxed Team 💪🏻Hyper-Deflationary token 🕺Reflection with every buy/sell 🐳Anti-whale system 🔥Weekly burns 🥉3 upcoming Projects WHY TRUBADGER?  🤔🦡 ✅ Ecosystem in the making ✅ Longterm investment ✅ Sustainable growth ✅ Short-term delivery of projects ✅ Manual buybacks of TRUBGR tokens on the open market space to increase the value of TRUBGR immediately. Buybacks have done with a generated revenue of the ecosystem. = sustainable value creation over time. ✅ Top-notch support and admin team answering questions and helping you get set up. Here you are not merely a small fish in the deep blue sea. ✅ Community token means the community is asked to vote in major decisions as proven before. ✅ WEEKLY AMAs and Weekly Burns. Listed on: Coin Market Cap: https://coinmarketcap.com/en/currencies/trubadger/ CoinGecko: https://www.coingecko.com/en/coins/trubadger Social media accounts: https://beacons.page/trubadger + +Come check Telegram for more info: + +✅ https://t.me/TruBadgerOfficial + +✅ https://t.me/CataBoltSwapOfficial + Being a Badger, has its privileges! 🎉🤩 +I genuinely think allowing those sort of shitposts only serves to distract us from GME. It also does nothing but give the MSM and SHFs a way to manipulate us. If they know we'll lap up that sort of content, they'll give us that content and tweak it in a way to slowly break our morale. We know they're at it, we don't need to rant here about it. + +I've learnt shit tons from the DD here, and there's so many hilarious memes and shitposts I've seen about things that have been learnt in the DD. But seriously, it's getting a bit too much now, IDGAF about Pelosi. If I wanted to, there's another sub I'd go to. I really think we should keep this place focussed on GME. + +Edit: + +So it's clear there's a lot of folk that agree with me. And a lot of spammy comments disagreeing, and one or two more intellectual comments from apes. + +Here's a thought. If you're posting here, and you don't have any gme, and nor do you intend to buy any gme, then fuck off. I think that'd probably sort out our current problem - a lot of spammy, angry, capitalism hating bums using superstonk as their platform. + +To those suggesting I don't understand how it's all related - I've been here since we migrated from gme. I've learnt through the DD how intertwined it all is. I don't need your spammy shitposts, you do - take them elsewhere please! + +Edit 2: Basically, all you antiwork folk - I'm not against your cause, in fact I'm for it. But take your shit to other subs. We don't want it here. +I thought I'd summarize some information about the juicy morsel of information that was just discovered. I will try to keep it to information rather than opinion. + +As has been rapidly circulating online, [https://nft.gamestop.com/](https://nft.gamestop.com/) was discovered. **This site is real and official. You cannot fake a subdomain.** + +It has a curious little thing of numbers and letters near the bottom + +https://preview.redd.it/jhk5pvou3c171.png?width=536&format=png&auto=webp&s=6e7761eb55c1edbf3486a4494369673abd4e0e6a + +Those who aren't in crypto might not know that this is a an ERC (etherium) address. If we plug it into etherscan we get... [https://etherscan.io/token/0x13374200c29c757fdcc72f15da98fb94f286d71e](https://etherscan.io/token/0x13374200c29c757fdcc72f15da98fb94f286d71e) + +https://preview.redd.it/auq83ic24c171.png?width=1417&format=png&auto=webp&s=3e2eec1c0422df770769531e5c86a0cc3ce170d2 + +What is this! **A GME crypto token!** + +I had one of my crypto friends look into the code, he found this: + +https://preview.redd.it/z8iptat44c171.png?width=1338&format=png&auto=webp&s=6afca582e1f6a054216d8a4d4187d9c9a720b03e + +launchDate is a unix timestamp, which again if you are unfamiliar with this stuff might not mean anything to you. If we convert this: + +https://preview.redd.it/vxzck7yc4c171.png?width=758&format=png&auto=webp&s=5250ba997c7d3fcc11218efec929e60d42686e16 + +**Wed Jul 14 2021 11:20:00 GMT+0000 is the launch date for gme crypto.** + +(opinion: I think that is just the date that you could publicly purchase the tokens! I believe they would distribute a dividend of them before they were available for purchase, because the thing that forces **ALL** shorts to **HAVE** to cover is the token being unavailable to acquire.) + +*But what could this mean? Some ideas...* + +GME is going to pull an [overstock-style crypto dividend](https://www.marketwatch.com/story/overstock-founder-tried-to-squeeze-short-sellers-then-sold-out-when-the-sec-cracked-down-2019-09-19), which if executed correctly would force all shorts to have to cover, no margin call needed. + +\--and/or-- + + >GME Launches NFT platform + >Digital Game licenses w/ reselling + >All publishers want in because of permanent smart contract returns for peer-to-peer trade of the digital copy in perpetuity + >GME is the steam killer + >Fundamentals primed for moon + >Shorts have to cover + +\--and/or-- + +GME token backed skin marketplace, plays well with the idea of pre-order and retailer specific skins + +\--and/or-- + +A user suggested they could somehow use blockchain to curb console scalping, if so maybe even graphics cards? + +\--and/or-- + +Being able to play a game in any launcher? Or without any launcher. Open source launchers? + +\--and/or-- + +Anti-piracy by requiring a linked NFT game ownership + +\--and/or-- + +Cross game avatar/identity + +\--and/or-- + +*NONE OF THE ABOVE - MANAGE YOUR EXPECTATIONS!* + +\--and/or-- + +lets hear your ideas! + +i liek dis stock + +&#x200B; + +&#x200B; + +Edit: another bit of info, this screenshot has been floating around. Note the source code block at the bottom. [link](https://etherscan.io/address/0x13374200c29C757FDCc72F15Da98fb94f286d71e#code) + +https://preview.redd.it/t9rza7pq7c171.png?width=1397&format=png&auto=webp&s=273f483c1ad4156c429f1c5c81bf726b4b74e669 + +edit: Also, if you haven't found it, there is a tinnnnny little dot next to the header on the [nft.gamestop.com](https://nft.gamestop.com) website. If you click it, you get to play a game where you are a cat on the moon. Can't make this shit up. + +https://preview.redd.it/twuyo1wddc171.png?width=682&format=png&auto=webp&s=91d7b5d12d9c6d3df544de70d7574a560e24e561 + +edit2: someone made this connection + +https://preview.redd.it/8ktikbw8fc171.png?width=1834&format=png&auto=webp&s=0e593cf209b24b0764c25708a769ac3be8c831a2 + +Edit3: this guy is the head of blockchain at Gamestop, give em a follow! https://twitter.com/finestonematt/status/1397309790964047872?s=19 + +He tweeted this **VERY** interesting tweet https://twitter.com/finestonematt/status/1395051881844592641?s=19 + +Edit4: I crawled through the game and website code and found no additional information hidden in there + +Edit5: From a message: The French National Day is the anniversary of Storming of the Bastille on 14 July 1789,[1][2] a turning point of the French Revolution, + +Canada Vancouver, British Columbia holds a celebration featuring exhibits, food and entertainment.[31] The Toronto Bastille Day festival is also celebrated in Toronto, Ontario. The festival is organized by the French community in Toronto and sponsored by the Consulate General of France. The celebration includes music, performances, sport competitions, and a French Market. At the end of the festival, there is also a traditional French bal populaire.[32] +Ryan is from Canada, and if he is from a French province, then well maybe its a favorite holiday of his. + +If anyone finds any inaccurate info or corrections please let me know! +https://www.congress.gov/bill/115th-congress/senate-bill/1241/text#toc-idea0e9489fc8f46379f95bb56c8bbbda5 + + +This is a new bill that was introduced on the floor of the US Senate entitled, +“Combating Money Laundering, Terrorist Financing, and Counterfeiting Act of 2017.” + + +It basically says everything is evil.. + + +1. Cash is Evil + +2. Bitcoin/Crypto is Evil + +3. Prepaid Phones are Evil + +4. Gift Cards/Vouchers/Coupons are Evil + + +These people are certifiably insane. Among the bill’s sweeping provisions, the government aims to greatly extend its authority to seize your assets through “Civil Asset Forfeiture”. + + +Civil Asset Forfeiture rules allow the government to take whatever they want from you, without a trial or any due process. + + +This new bill adds a laundry list of offenses for which they can legally seize your assets… all of which pertain to money laundering and other financial crimes. + + +Here’s the thing, though: they’ve also vastly expanded on the definition of such ‘financial crimes’, including failure to fill out a form if you happen to be transporting more than $10,000 worth of ‘monetary instruments’. + + +Have too much cash? You’d better tell the government. + + +If not, they’re authorizing themselves in this bill to seize not just the money you didn’t report, but ALL of your assets and bank accounts. + + +They even go so far as to specifically name “safety deposit boxes” among the various assets that they can seize if you don’t fill out the form. + + +This is unbelievable on so many levels. + + +It’s crazy to begin with that these people are so consumed by the fact that someone has $10,000 in cash. + + +But it’s even crazier that they’re threatening to take EVERYTHING that you own merely for not filling out a piece of paper, without any due process whatsoever. + + +CALL YOUR CONGRESS MEN AND SENATORS TO TELL THEM TO NOT SIGN THIS EMAIL WORKS ASWELL +https://www.congress.gov/bill/115th-congress/senate-bill/1241/text#toc-idea0e9489fc8f46379f95bb56c8bbbda5 + + +Oh, and on top of civil asset forfeiture penalties, there are also criminal penalties. + + +Right now according to current law they can imprison you for up to FIVE YEARS for not filling out the form. Five years. + + +But apparently that doesn’t go far enough so this bill aims to double the criminal penalty to TEN years in prison. + + +Further, their bill wants to pull any business which “issues” cryptocurrency under the anti-money laundering regulatory umbrella. + + +Here’s where these people demonstrate that they have no idea what they’re talking about. + + +No one “issues” Bitcoin. There’s no Bitcoin central bank. There’s no Chairman of Bitcoin who decides on a whim to increase the supply. + + +Bitcoin is created automatically amounts that are predetermined by its code. It’s software. + + +So the Senate is essentially trying to force the Bitcoin core software to comply with money laundering regulations. + + +The bill also attempts to drop a major bomb on Bitcoin by including it in the list of monetary instruments that must be reported when entering or leaving the US. +EuroApe here looking at Euro stuff. So it looks like JP Morgan have been using their weekends to borrow money, filing several charges as recently as Saturday ((Edit: Friday* not Saturday as has been pointed out to me, I am shit at dates as it turns out)! And from who you ask.... + +BNY Mellon - the same crazy cats that I previously discovered had Citadel Europe by the balls and all of their assets as collateral. + +Here is a link to where their registered charges are listed: [JP Morgan Securities PlC - Registered Charges](https://find-and-update.company-information.service.gov.uk/company/02711006/charges) + +Here is a capture of their activity this year basically every month since Feb (didnt do all of them because there is a lot check the other link for all): http://imgur.com/gallery/jvYbM88 + +As you can see very busy! However, when you go on the first link provided you may look back and say well hey JP have always been doing this. But... and it is a juicy But... + +The collateral for these borrowings have gone from bonds to senior preferred notes since late March. A senior note is a type of bond that takes precedence over other debts in the event that the company declares bankruptcy and is forced into liquidation.  + +Example from one of the charges: http://imgur.com/gallery/M7AH48y + +Now if you're still not convinced, I had a look through the 68 page charge documents and realised that pre Feb they were a couple of pages short. So I dived in to find out what had changed. Lo and behold the couple of amendments to the master agreement in regards to BRRD: + +http://imgur.com/gallery/pxuDy1p + +What is BRRD you ask? It's the Bank Recovery and Resolution Directive. And what are Bank Resolutions? + +A bank resolution occurs when authorities determine that a failing bank cannot go through normal insolvency proceedings without harming public interest and causing financial instability. Meanwhile, any part of the bank that cannot be made viable again goes through normal insolvency proceedings. + +The entire directive can be found here provided by the EBA (European Banking Authority): + +https://www.eba.europa.eu/regulation-and-policy/single-rulebook/interactive-single-rulebook/2602 + +Just before I go, sorry everything is linking to imgur but I dont know how to include pictures within text body. + +TLDR: JP Morgan borrowing money and look like they may explode. + +Edit: 📢 Just discovered JP Morgan Services LLP, which is significantly controlled by JP Morgan Securities PLC are in liquidation. Commencement of winding up on 26 March 2021....... Link: https://find-and-update.company-information.service.gov.uk/company/OC303065/insolvency Edit 0.1: this is a voluntary insolvency so they are solvent and could pay all their Liabilities, question is just why they decided to liquidate and why now since it was formed in 2002. + +Edit 2: apologies everyone I'm at work so haven't been able to follow and respond to all the comments. Also, getting some comments about taking this with a pinch of salt and being cautious and I have to say I agree! It looks sus to me and this post reflects my view on it but if any wrinkly apes want to dive in and debunk this or prove that none of these things mean anything then please do, we are all here to learn! As for the actual content the charges are fact, the collateral requirements are fact, the amendment to the agreements to include BRRD are fact, everything else is me trying to connect the dots! +I think one of the great things about being fatFIREd is that you can make stupid decisions and not feel the pain as much. Sometimes tough, those stupid decisions, despite costing a pretty penny, turn out to be epic. + +I want to hear those epic stories my friends. + +I'm not asking for the figures though, I'm asking for the stories. Let's laugh a bit together at some of our more questionable choices +If you are looking for the next big cryptocurrency, Kodi is perfect for you and here’s why… + +KODI is fusing a classic reflections token with real utility to give investors a project with compounding value and one they can feel confident investing in long-term.💰 + +They're bringing the first ever crypto based Entertainment Network with an In-House Advertising Agency #Pitch. 🗣 + +Holder Earn BNB rewards and Reflections in KODI through the PITCH agency revenue 💰 + +🔥BIGGEST GIVEAWAY ON THE BSC🔥 + +Purchase one of their highly anticipated NFT packs and have a 1 in 1750 chance of winning a Tesla Model 3 🤯 + +Within one of the NFT packs being sold come the launch of their NFT marketplace on November 16th, a special NFT will hold your ticket to driving up to 1 of the 2 Tesla Model 3 that they are giving away 😎 + +But wait, there’s more‼️ + +We have multiple special edition NFTs that will come with a prize for one of the following: + +🏅 $2000 Vacation x3 + +🏅 PS5 x3 + +🏅 Xbox Series S x5 + +What a week for Kodi ! + +✅ BTOK Ads + +✅Trending Top 5 on CMC + +✅Trending Top 3 on Dextools + +✅In CMC Top Gainers + +✅Trending Number 1 on crypto.com + +✅Listed free of charge by Hotbit.io + +✅Pitch Revenue Buybacks in Kodi, awaiting airdrop + +✅Multiple Shout outs from Jay Alverez (6.8 million followers) + +✅Shout out from Claudia Alende (8.9 million followers ) + +✅Shout out from therealtarzann (6.4 million followers) + +✅Multiple tweets from multiple twitter influencers (total of 10 mill followers) + +✅Certik Audit passed and live on their website. + +✅Steven Clark YouTube video (43k subscribers) + +✅Shout outs and promotions from multiple high profile crypto Telegram Channels + +✅King of Kodi Tournament started with 10 bnb + up for grabs + +✅Finished some of the best NFT’s in the game + +✅NFT presale live, with a 2/3500 chance of winning a TESLA + +Everyone here is still early, the team thinks of this as a 1B market cap project and beyond. We are 100% dedicated in making this a reality and will not stop until it is. We have MUCH, MUCH more to COME!!! + +👨‍👨‍👦‍👦Stick with us and enjoy the ride to 1B Market Cap, it won’t always be a straight line, there will be some dips. But we will get there! With this team, community and use case there is no stopping us! + +❤️Thank you all so much for being a part of it. + + +📱 Website: https://kodicoin.com/ + +📬 TG: https://t.me/kodicoinofficial + +🐦 Twitter: https://twitter.com/Kodi_Coin +Your markets are run by bots. Now your /r/Asx_bets daily threads are too. + +Read the [wiki](https://www.reddit.com/r/asx_bets/wiki/index/) people[.](https://styles.redditmedia.com/t5_2hqqj5/styles/communityIcon_41pmnaqp4zn41.png?width=256&s=59bf38425fb316fdcba30365b272a5f19352f370) + +[Posts relating to the "Is /r/ASX\_bets about finance or effect your mental health?" etc will lead to a ban of the mods chosing. You have been warned.](https://www.reddit.com/r/ASX_Bets/comments/l0l9et/the_does_asx_bets_effect_your_finances_emotions/?utm_medium=android_app&utm_source=share) Last ban length: 262144 days + +Automoderator may provide "Guidance" for Lazy and zero effort posting. + +[We have an active official/unofficial discord. It's open to all discussions, stonks related and non-stonks related.](https://discord.gg/2sQBNuM) +https://www.bloomberg.com/news/features/2018-05-24/how-not-to-negotiate-a-6-1-billion-deal + +> The Xerox-Fujifilm formula: 1. Tell CEO he’s fired. 2. Have him arrange sale of company. 3. Hope Carl Icahn doesn’t find out. + +> By midsummer, the board had concluded that Jacobson was incapable of leading Xerox. While he continued to talk with Fuji, they were interviewing replacement candidates. On Nov. 10, Keegan and Jacobson met in Westchester, N.Y. They talked amicably for a few minutes about the chairman’s recent foot surgery, then Keegan told Jacobson the board had given up on him. Although Keegan didn’t mention it, they’d already settled on a successor: former IBM and HP executive Giovanni “John” Visentin. Keegan told Jacobson to stop his talks with Fuji. But Fuji executives were scheduled to fly to New York a few days later. When Jacobson tried to cancel, Kawamura told him Komori “would be very disappointed” and might break off the talks. After reading the texts, forwarded to him by Jacobson, Keegan relented. Jacobson could go to the meeting, and they’d see where things went. + +> Most of Xerox’s board remained unaware that the CEO they thought they’d dismissed was still working to sell the company. That changed on Nov. 30, when Fuji sent over a term sheet outlining its offer. Several days later, Cheryl Krongard, a retired banker who’d been appointed to the board at Icahn’s request, sent Keegan a handwritten cri de coeur entitled “4 sleepless nights.” “We have a rogue executive,” she warned, unaware that Keegan had approved the continued conversations. +I never banked with Wells Fargo. Also, access to my credit files are frozen. This means nobody can check my credit history without my permission. In other words, no bank will issue a new credit card or open a new account ... since they would first want to verify my credit worthiness. +Now here is the outrageous loophole in the system - if you temporarily unfreeze your credit files so you can legitimately open a bank / credit account ... the current system allows that specific institution to have permanent access to your credit file even after you re-freeze it. +So, in Wells Fargo's case they would have been able to access credit files regardless of whether they were frozen or not. Moreover, I believe in this particular fraud, Wells Fargo employees opened accounts without going through the normal due diligence process. +I imagine a lot of people here would get some... interesting reactions when they get 'financially naked' with partners. + +When they found out did it effect the balance of the relationship/make things weird? +Since 22 (currently 30), all I’ve ever wanted to do was FIRE by age 35 with 1M in liquid net worth. Always envisioned moving to some tropical paradise like Bali. At 30, currently have a liquid net worth of 521K and was on the way to hit 1M by 35. + +However, life threw me a curveball recently. The health of my parents rapidly declined and they are no longer able to support themselves financially completely without completely plundering their retirement accounts (which is already very modest). They never explicitly asked for help, but that’s because they never would. + +I recently moved back to my parent’s home at 30 to help them financially and took over the mortgage payments to start. My parents have 208K left on the mortgage - $2700 monthly payments and the loan is for 21 more years. Add in the rest of living expenses and my monthly take home pay is all but gone. + +There are two conflicting sides to me - brain and heart. One side that’s more logical says $2700/month invested at an average return of 7% over 21 years is 1.5M. The other side that’s more emotional says it’s your own mother and father...they sacrificed everything as first generation immigrants to provide you an opportunity at the American dream. For pretty much all of my big life decisions, the brain has won in the past. For this big life decision, the choice is easy. + +What is the purpose of money if you don’t use it to take care of or improve the lives of those you love? + +I don’t know why I feel compelled to share this here (probably because I have no one to talk to this about), but all I can say is life happens when you’re busy making other plans. And hug your parents and tell them you love them because they are only getting older. +Hello guys i learned day trading about 2 years ago and thinking getting into that slowly and part time of course and my question is how hard is to harvest 50 dollars from the market? And what strategy you guys suggest if that allowed to be asked! Sorry if my question is dumb guys! +***EDIT: Please note the enumerated points at the bottom are not my own. I quoted another author and share them with you for your awareness and education. I think there are interesting elements in each of these points, but they don't necessarily reflect my views. The top half of the post is all mine.*** + +On the whole, these markets look positively idiotic. Fall / Early Winter BTC buyers are now discovering the world of Alts, and they are driving the market in what I consider to be insane directions. Much of the top 30, and their associated valuations, look like jokes with no punch line. + +Projects with no utility, or with no implemented technology, are reaching ridiculous valuations. It seems that the market has shifted into overdrive for sentiment and momentum investing on the stupidest of factors, including: + +- Low nominally priced tokens, regardless of overall supply (reminiscent of penny stock manipulation in the stock markets) +- Specious corporate partnerships, that are often overstated and sometimes don't even exist +- Staged "trial runs" of functionality, purely for marketing purposes, blinding the uninformed market with regard to the limited fundamental utility of the actual token +- Personality/celebrity-driven endorsements, often in exchange for undisclosed payment +- Media driven FOMO on the above factors (looking at you, CNBC, and your ridiculously shallow coverage for your wealthy viewers who are making very dumb decisions as a result) + +Markets are like Democracy: they can only efficiently allocate capital when participants understand market fundamentals and have access to quality information and internalize it for decision making. Right now, there is a dearth of both of these in new market entrants, with many only getting in to try and 10x their money in a week. And the savvy traders are riding the wave and manipulating that sentiment among the weak-minded. It will collapse at some point, but I do not know when. I hope soon, because is this goes on for too long, it could herald a crypto-wide crash for some time. Only the coins with actual fundamentals will survive a bloodletting like that (like ETH, but it would not be spared the damage either). + +This definitely makes me nervous, but I continue to quietly buy in at 100% into ETH. I'm still struggling to find those other tokens that deserve my fresh fiat. [I wrote the other day on just a few of the reasons why I think 2018 will be incredible for ETH.](https://www.reddit.com/r/ethtrader/comments/7ndoy0/daily_general_discussion_january_1_2018/ds195dg/) And as for ERC-20s, I just don't personally have enough faith that any will be able to outpace ETH, but some definitely will. + +My investment style is not to find the moon shot, but rather, to find the platform I think will be dominant (often after it has already proven this), and invest heavily. This is why I got into ETH last April. A bit late to the party, because I had sworn of crypto after Mt Gox, but better late than never. + +*And I still think ETH is incredibly undervalued, even more so now that I've seen how aggressively the Foundation is working to tackle scaling- and in a way that encourages maximum community participation and innovation.* For example, [Vitalik's announcement yesterday on the subsidy program](https://blog.ethereum.org/2018/01/02/ethereum-scalability-research-development-subsidy-programs/) was awesome. Give it a read and you'll start to get a sense for how much third party innovation Ethereum is really looking to foster. I think they would have done it anyway, but if the CryptoKitties network load spurred them into action, all the better. + +And if you haven't already, make sure you read the [**95 Crypto Thesis for 2018**](https://medium.com/@twobitidiot/95-crypto-theses-for-2018-ca7b74f8abcf) from TwoBitIdiot / Ryan Selkis, and thanks to /u/dabecka for the heads up on this one. + +***I don't agree with it all,*** **but here are several points I found interesting from the article:** + +***NOTE: These don't necessarily represent my own points of view on any of the coins mentioned. These are all points of view you should be aware of, but please consider with caution. I encourage you to read his full post on Medium.*** + +- 3) BTC, ETH, ZEC, and XMR are the main cryptocurrencies. These could still have a LOT of room to run. Money is a reflexive asset where the more people buy it and use it and believe in it, the more valuable it gets. Cryptocurrencies are the ultimate momentum play. + +- 5) Most utility tokens, then, will go to zero, regardless of team quality and execution. You simply don’t need to hold them but for momentum & greater fool investing. When the market lacks “higher order” investors for speculators to flip to, assets will unwind. Viciously. + +- 6) Desperate utility token teams will later try to concoct velocity “sinks” to ward off unravelings. The most common sinks we’ve seen have been to create incentives to “stake” coins: most commonly protocol governance rights and network fee dividends. + +- 9) I didn’t understand XRP at $1bn. I really don’t understand XRP at $100bn. It’s not required to use Ripple’s software, so unless banks are adopting the currency as a new global reserve, it doesn’t make sense. But the top employees are now billionaires, so that’s cool. + +- 11) Cardano, NEM, and IOTA at $10bn market caps make me want to commit seppuku. Seriously, what the f*ck is wrong with people. + +- 14) The time to make money in ICOs was in 2015 and 2016 when they were contrarian. Almost everything else more recently was either a) restricted to insiders, or b) underperformed vs. BTC/ETH. (If you can’t spot the sucker at the table, you’re the sucker.) + +- 21) I respect Vitalik more every day. He says all of the right things and strikes me as a once-in-a-generation type of visionary leader for the ethereum community. That said, whether he ends up like Steve Jobs or Elizabeth Holmes depends on some pretty ambitious technical breakthroughs. Crypto is so polarizing that I don’t know what to believe re their potential. + +- 61) We shouldn’t be surprised that ICOs, CryptoKitties and Spankchain will likely be the early application winners. Gambling, nerd games and porn are always at the bleeding edge of new technologies. (This is entirely predictable, but the scale of the mania was not.) +&#x200B; + +&#x200B; + +Guess what the 69th day of the year is... + +https://preview.redd.it/7wajc7eczhj81.png?width=378&format=png&auto=webp&s=ae462faa817eaa7acbc7e8bd14beeb3fbde2594d + +&#x200B; + +[HMMMM....I wonder where I've seen this before](https://preview.redd.it/wnlkgfkgzhj81.png?width=775&format=png&auto=webp&s=9d5c0a00070f48a324177c4c1313c13cc813acd8) + +[Oh yeah pickle shill posted it yesterday](https://preview.redd.it/nj1s78lozhj81.png?width=2455&format=png&auto=webp&s=74169ecac5c73843e25db958114359b939c9c163) + +Ryan Cohen tweets on T+2 from OPEX ... + +[My Cycle From Book of MOASS](https://preview.redd.it/ielwx4oj1ij81.png?width=2070&format=png&auto=webp&s=4e13f1a3e2a4662946c0cea26fb007d2072987ad) + +&#x200B; + +https://preview.redd.it/m5pagpn44ij81.png?width=601&format=png&auto=webp&s=cb9cc280c5765a10df18541eeb3eeb82eab8508c + +https://preview.redd.it/u8l4bp6t1ij81.png?width=947&format=png&auto=webp&s=46bb6b627eebeebb1a04200c9e840ccd16ab0bb5 + +☎️ + +&#x200B; + +https://preview.redd.it/dbwz01o08ij81.png?width=1170&format=png&auto=webp&s=8b739d219ba2e5950cad791260d4098bdd6b5a3f + +https://preview.redd.it/5s1pgewo7ij81.jpg?width=620&format=pjpg&auto=webp&s=8110d735b916c247f61f4fccc48fa193ce8946bc + +&#x200B; + +Maybe I am a shill after all... + +For GameStop + +🚀🚀🚀🚀🚀🚀 + +&#x200B; + +Also 🍿 is 💩 + +Quite guys the shills are sleeping... + +[This post](https://preview.redd.it/a527gyeyjij81.png?width=1438&format=png&auto=webp&s=a9bec4b24e599c0e13519686c96c375d6e581c61) + +&#x200B; + +[weekend DD](https://preview.redd.it/dnzyovhykij81.png?width=1432&format=png&auto=webp&s=4daf7c871a1fb241b3ab35ddb5c8596892f75f11) + +Daily DD during business hours ...sus + +[Daily DD](https://preview.redd.it/zzbsxn27kij81.png?width=1441&format=png&auto=webp&s=b7c247763aea584885773edfedd66f578692884e) + +# Kenny can't afford overtime + +Bullish + +https://preview.redd.it/ieyd8szmkij81.jpg?width=1024&format=pjpg&auto=webp&s=cdc066e98867aa1fb0f8dac60cb8812c2e0a9366 +#NFT Authentication of Precious Stones + +SafeGem is a high yield hyper-deflationary BSC token packed with innovative utility and real world use-case. +The project's goal is to create a marketplace for precious gemstones and jewelry authentication based on the $GEMS Token, which will be the service's exclusive payment option. Jewelry sellers will receive digital passports and certifications that can be readily confirmed by clients using SafeGem's mobile app. +Is recommended to read the official medium articles. + +#Business Model + +A precious stone producer or principal distributor/dealer must register on the official platform, and that firm will be given its own area in our unique NFT portal. They'll be able to create their own unique NFTs with a set of indications tailored to the verification procedure of the goods they intend to sell. So that each partner has an NFT contract that is tailored to their specific needs. After that, they can easily mint NFTs and SafeGem will provide them with certificates at the platform. +The consumers may readily check NFTs and authenticity certificates using our mobile application, which is in beta testing now. Since NFTs are unique, copyright-free, and secure, it will ensure security and safety for this entire trade. + + + +#Why should I buy SafeGem now? + +SafeGem is a utility token and a safe bet. There are holder benefits, such as 5% burn and 6% reflection per trade. The burn reduces the Total Supply continuously. I can easily argue this is the finest high yield BSC token, with 72 percent supply burnt in 33 days 🔥 On top of that there are free tokens from 6% reflection you will collect every day. +There is more. The team is working on the roadmap despite the decline of Bitcoin market. SafeGem has made a lot of progress behind the scenes. The staff has been working around the clock to meet all of the deadlines. The developers are nearing completion of the NFT contract, which will be used in the partner portal. The team is pushing for the Blockfolio listing, Techrate Audit and marketing plan which is in progress right now. +They're also in talks with a few exchanges about listing SafeGem. A sneak peek of SafeGem's mobile wallet was released this week and more updates will be following on it. + +&nbsp; + +- Small-mid tier Exchanges Listings +- Blockfolio listing +- Establish long-term commercial relationships +- SafeGem Mobile Wallet and Crypto Education App +- Marketing ✔️ +- Advisory Program with Jewelry Industry participants ✔️ +- Audit ✔️ +- Website Rebranding ✔️ +- CoinMarketCap and CoinGecko Listings ✔️ + +&nbsp; + +The team is putting in a lot of effort to reach to the NFT stage, and they've come a long way. +The NFT Contract was supposed to be completed in Q4, however it will be finished considerably sooner. +The first NFTs of this brand were successfully minted, and development on the NFT contract, which is currently halfway done, has commenced. + +The project's business insights and development were shared by the team. SafeGem is recognised for a niche in the crypto space which has a lot of potential. Moreover, the top jewelers and B2B businesses have validated SafeGem's usecase and its demand in the jewelry industry. The team has also established an Advisory Program in which they are collaborating with other companies to improve their business case and usability and at the same time form long-term partnerships with them. + +#Find out more about SafeGem + +- 🌐 Website: https://safegem.finance/ +- Ⓜ️ CoinMarketCap: https://coinmarketcap.com/currencies/safegem-finance/ +- 🧡 Reddit: r/SafeGemFinance +- 📄 Contract: https://bscscan.com/token/0xDfDec49462f7D3C3b0A48E729F77A0645CDFA7c0 +- 🍰 Pancakeswap V1 Exchange: https://v1exchange.pancakeswap.finance/#/swap?outputCurrency=0xDfDec49462f7D3C3b0A48E729F77A0645CDFA7c0 +- 🗣 Telegraml: https://t.me/safegemtokens +- 🎧 Discord: https://discord.gg/WdU8zTzZ7J +- ✔️ Audit: https://86a59a59-6e6f-40fe-9741-dc69328443ac.filesusr.com/ugd/3c61fb_cbeeffd6a01e40a3a58cab47165cf1d4.pdf + +&nbsp; +I am in the middle of a vast existential crisis. + +I posted something similar a little more than a year ago. I was working at a hedge fund making $1.2M/y and burning out badly due to work life balance and dull work. The consensus of this group was to move to a tech company, given my previous experience there, so I did. + +I joined a relaxed FAANG in a senior engineering manager position, making about $1M/y. The work life balance improved, but I would say I’m as miserable as I was before. I work on large scale cloud products so the technology is as interesting as it gets, but I still find it pointless. I have about 30 hours of “ceremony” meetings a week, and the remainder of the time I just try to keep up with whatever my team is doing. My day is literally filled with “why am I wasting my life on this” as I jump into yet another useless meeting set up by some colleague who wants to meet for the sake of it. + +For a while now I’ve been admiring from afar the solo entrepreneurship route (be it an online service, an Airbnb operation, or something else). It seems such a fulfilling and meaningful way to live life. Being a corporate cog, I unfortunately wouldn’t know where to start. + +I am 36. My financial situation is $3M liquid net worth (down 20% from last year), all invested in index funds, and I also have illiquid equity in a unicorn I worked at that was valued at $6M before the downturn and at $4M in this downturn on the secondary market. I have no reason to believe it won’t recover and don’t plan to sell anytime soon (the reason being I already sold enough in the past, at much lower prices, to diversify). + +A few additional details that might come up: I live fairly frugally on about $50k/y and do not feel I miss much, I am a dual US/EU citizen so have the option to also live in mediterranean Europe (where I was born and raised), I do not have kids and don’t plan on having any. I eat a healthy diet, exercise daily, sleep 8 hours a day and during weekends/vacations I am a very happy person. + +What would you advise to get out of my rot? + +Thanks +Hello apes, + +Follow Up Post on this one: [https://www.reddit.com/r/Superstonk/comments/qrws0b/dr\_marco\_metzler\_is\_going\_to\_call\_me\_tomorrow/](https://www.reddit.com/r/Superstonk/comments/qrws0b/dr_marco_metzler_is_going_to_call_me_tomorrow/) + +Mods hit me up for prove if u need.here is the summary of the call with Dr. Marco Metzler from the DMSA.The call was 1 hour and 15 minutes long. + +***But first i want to point something out which is important to me:*** + +I am aware that the the whole Evergrande crisis, is not directly related to GME, as we don't know how exactly a global market crash will influence GME. There was a long ongoing theory that a crash would lead to SHFs positions to decline and therefore would lead to them failing margin requirements which will lead to forced close of their shorts and therefore MOASS. - this is just a theory, like all of the many others. + +**Still i believe that this post and call is important to the community** as there is a lot of interest, in prior market crashes, (hyper) inflation, production chain issues, false media coverage and everybody feeling that a crash is coming. *...I mean how much longer can those bulls run, the system is doomed...* + +Furthermore there is a common spirit in the superstonk community which asks for the truth and is sick of false media reports and institutions covering up. + +To me the Evergrande crisis is a very interesting topic and the turn of events around the DMSA and Dr. Marco Metzler are even more spicy. Still it might turn out do nothing (unlikely in my opinion, you will later see why). + +But what is important for **GME** is that you **DRS your shares,** as it is the only way apes can take the MOASS into their own hands. See [here](https://www.reddit.com/r/Superstonk/comments/ptvaka/when_you_wish_upon_a_star_a_complete_guide_to/) for more information on how to DRS your shares. + +I'm just a simple ape like you guys who took his chance and was lucky to make this call. I've been holding XXX GME till January and been averaging up. Its been 11 months and the market crash might be a catalyst, but we don't know. So stay zen, live your lives, be excellent and continue to fight for a better world even after the MOASS. + +**My call with Dr. Marco Metzler** + +***Question 1:*** ***Is Dr. Marco Metzler a real person and if so who is he?*** + +Yes, he is. Dr. Marco Metzler has worked for numerous financial companies, most of the time in the analysis aswell in the merger and acquisition department. He was present in the financial world when the crashes of 2000 (Dot-Com-Bubble) and 2008 (US-Real-Estate-Bubble) occurred.Between 2003-2006 he also worked for Fintch London, i u want more detailed information on his careers, please consult his Linkedin profile. + +Funny anecdote in our email conversation yesterday he forwarded a superstonk meme post to me where his face was used. It was a funny meme with only good intentions. But he asked me if i could reach out to the author in order to delete it. I explained to him that this meme was made out of sympathy and with good intentions. He answered me that his son also explained it to him and it is all good. *...but anyway slow down on meme press guys...* + +But please as always be respectful and don't harass people! + +***Question 2:*** ***What is the DMSA?*** + +The [DMSA](https://www.dmsa-agentur.de/unternehmen) was originally another company based in Münster which was purchased by Dr. Metzler and his family in 2016. They then moved the company to Berlin. It completely belongs to his family.Dr. Metzler also founded the [DFSI](https://www.dfsi-institut.de/) which is focused on the analysis and review of financial products on the german market i.e. insurances or *Krankenkassen*. But the DFSI no longer belongs to him.He also worked together with the *Fokus*. + +The DMSA was initially used for various products reviews and analysis. I.e. online pharmacies.The reason why its only showing information about Evergrande as of today, is simply that Dr. Metzler did not want to operate as Dr. Metzler himself directly in regards to the Evergrande crisis. + +***Question 3:*** ***But why does the website look so similar to two other websites?*** + +One ape had concern about the DMSA, DFSI and [SFSI](https://www.reddit.com/r/Superstonk/comments/qr34de/did_evergrande_default_i_dont_think_so/) all looking similar and being potential scam.The reason why the all look the same is, that they were designed but the same web agency.They are just the website for these 3 analysis and research companies which were created by individuals. Furthermore Micheal Ewy the CEO of DMSA is the nephew of Dr. Metzler.I just want to point out that these companies are in no way connected to the German government. + +***Question 4:*** ***Why did Dr. Metzler buy the bonds?*** + +The Evergrande story caught his attention and after looking into numbers and balances sheets he came to the conclusion that Evergrande and the whole Chinese financial market is in dire straits. + +As the various stories of offshore bonds failing , but then being saved by last minute payments at the end of the 30 days grace period emerged and were distributed by US news outlets quoting unknown sources he made the decision to invest in such bonds himself in, order to see for himself if these bond payments are really done ... *Hint: Like us, he believes otherwise! ...* + +He told me that he never received any payments. + +***Question 5:*** ***Which bonds, for how much money did he buy? Can we see the recipe?*** + +First off. These information are critical and are a vital part of his strategy. As in theory the trustee (which are big US banks) for these offshore bonds could pay exactly his bonds. Therefore his bond investments need to stay unknown. + +But still if one only one recipient does not get his payment, there is a reason to declare a default. + +He mentioned the dollar amount for these investments to me, but i just want to be sure and don't want to disclose it. ...*Hint: Its not like ten bucks, its more dont think most apes could afford it. So no, its no possible easily for apes to do the same. Anyway if u had that much money left, u should be buying GME in the first place, and any purchases of these bonds will be lost!...* + +**Furthermore Dr. Metzler is 100% sure that this money is gone for good** and he is not gambling on it or is planning a lawsuit in order to get repayment on his bond investments. + +***Question 6:*** ***Is he on his own? Did he ask other people if they received their offshore bond payments?*** + +As of now Dr. Metzler and the DMSA are on their own, although he got a lot of interest in the last days, especially on LinkedIn and there are lot of people who support his thesis. But none else invested into these bonds as it seams. + +Dr. Metzler was not able to find anyone who could ensure him using real proof that they received their bond payments. Nobody wants speak up, like the media quoting sources which want to remain unknown or anonymous. + +He sees that it's almost always the US media reporting these last minute payments. Often its the New York Times first, then Bloomberg and Reuters and after that everyone else.All quoting the same no existent sources. + +***Question 7:*** ***Is Evergrande the trigger for the worst market crash ever or just one the dominos?*** + +Dr. Metzler believes that Evergrande wont be THE reason for the collapse of the system, but is the trigger for first dominos to fall which will get everything going. + +***Question 8:*** ***How is the situation in China in his opinion? Who is covering up?*** + +Very bad. He thinks that China has already entered a recession and that Evergrande is toast.The fallout of that can already be seen on certain ETFs declining.Furthermore he says there is an even bigger bubble for Wealth Management Products in china which is on the brink of collapse, which nobody knows about or wants to know about. + +**The DMSA are gonna publish three reports in the coming weeks.** One about **ETFs**, one about the **massive bubble and debts around Chinese Wealth Management Products** and the one about **CDS** (Credit default swaps). ***Note***\*: Initially i wrote CDOs, that was a mistake on my side.\* + +He pointed out that even during the cold war, the UDSSR paid offshore bonds. In his opinion the problems in china are so bad that even if the Chinese wanted to pay the offshore bonds they could not do it or it does not matter because their whole system is on the brink of collapse anwway. Only if china paid those offshore bonds they could stop the Evergrande Crisis, but there is just simply to much debt or it wont mater in the end. + +He thinks that the offshore bondholders and trustees them self might be covering up because they fear that the collapse off Evergrande would lead to the collapse of their own system, as there is massive exposure from foreign markets who invested into the rapidly growing Chinese market. + +He also is aware of the political problems that might arise. + +***Question 9:*** ***Why Evergrande no 0 yet? Why is it rising?*** + +Speculations, people who believe Evergrande is fine. Options.But we all know that all the executives dumped their shares. + +***Question 10:*** ***What kind of crash is Dr. Metzler expecting, will it be global?*** + +**Its getting really spicy here.** + +In their [press release](https://www.dmsa-agentur.de/download/20211110_DMSA_EVG_PM_en.pdf) the DMSA said... + +*Only the DMSA - Deutsche Marktscreening Agentur (German Market Screening Agency) already recognized the default at that time and proved in a study that the bankruptcy of Evergrande, the world's most indebted corporation, could ultimately lead to a "Great Reset", i.e. the final meltdown of the global financial system.* + +I quoted him on that and he assured to me that this is what will happen, in his opinion. The great reset. He thinks that this crisis - **please note**: he is talking about the **global financial crisis** were heading to **anyway. Evergrande is just the trigger in order for the card house collapse.** + +Im gonna quote the worlds most famous Pomeranian u/peruvian_bull here on what awaits us -*"A Modern Rome, Hyperinflation".* Based on what Dr. Metzer described to me, this is what he thinks. The crashes of 2000 and 2008 were never handled correctly, the financial institutions never learned out of these crashes and their consequences. No regulations in order to prevent such a crash again and fix the problems were done. + +I told him that based u/Criand s DD and the superstonk opinion **2008 never has ended and the loose interest rate policy and the providing of more and more money during Covid for the sake of market liquidity and stability will lead into hyperinflation.** He agreed. + +He thinks the system and FIAT currencies are done and its needs to crash down in order to build a new system. and he is ready to contribute to the creation of such a system. the current System will crash anyway, just a matter of time. **NOTE**: He is talking about building a new system NOT rebuilding the existing one, in his opinion this approach has failed and after the crash all trust will be gone. + +***Question 11:*** ***Wait ...so this guy is telling us the whole system like we know it, is about to crash and he is investigating into the Evergrande Crisis which might be the trigger for the collapse of the cardhouse?!*** + +Yes, sounds familiar doesn't it? He is aware of the consequences his theory and involvement into Evergrande might have and his ready to take this responsibility, because he wants to help to build a new system after that! + +So basically has the same opinion about the system and hyperinflation as lot of user on superstonk do. + +***Question 12:*** *But why would someone be ready to take such a burden of responsibility on himself?* + +Dr. Metzler told me that some personal events, lead to a mind change and the growing interest into the system that we have right now, the Evergrande Crisis and the wish for a new better system. a system with transparency and trust from the common people. This mindset is also mentioned in this [interview](https://www.encouragingangels.org/new-blog/2021/11/10/4odzvav6hxznj0qrlng6rrnx76l5kh). he pointed out to me how common people are already feeling the inflation. + +**Question 13:** ***How will the Evergrande crisis continue, when will it be officially declared defaulted? When will the crash come?*** + +Again Dr. Metzler didn't want to disclose his complete strategy as i would danger its potential success. But yes they are working together with lawyers and courts in order to fill a default deceleration for Evergrande. This could happen within days or a week. (<- regarding Evergrande default, not market crash yet) As soon as Evergrande officially defaults, investors will have to acknowledge their loses and markets will start to react. This will surely start selloffs and a massive lose in trust leading in a fruther crash. + +*Note (my personal opinion): We don't know how China will exactly handle it, because they are a blackbox and this never happend before.* + +Regardless of Evergrande, Dr. Metlzer is sure that the market is massively overheated and the bull market cant continue much longer, speculation, overvaluation, political and economical tensions, debt, massive issues in production chains and hyperinflation which is getting out of control, will lead into the market crash **anyway**. He believes we need a new system, back to a stable currency in order to prevent such crashes for ever. + +***Question 14:*** ***What about Crypto? What will happen with it during the crash?*** + +We only touched this topic briefly and i brought it up because some users pointed out that the [Tether dollar reserve is backed by chinese commodities (especially Evergrande)](https://www.reddit.com/r/Superstonk/comments/qr7cow/tether_the_nuclear_bomb_that_hides_the_chinese/).So if the Chinese market crashes down, Tether would not be able to hold up its 1:1 parity with the US-Dollar and will crash. If Tether crashes, Bitcoin will crash, because most of the transactions are being done with Tether and if Bitcoin crashes the rest will crash. + +He has no detailed insight and strong opinion on that, but believes that with a crash and collapse of the ordinary stock market and financial system around it, all trust will be lost and in search for new safe assets investors might turn into real physical assets again or maybe crypto because its stands for a new and better system (*if that is real, is up for debate*). - **NOTE THIS A LOT OF SPECULATION ON APES SIDE** + +***Question 15: Is he hedged for a market crash?*** + +Yes. He is sure the crash is coming and cant be evaded for much longer. + +***Question 16: What is his opinion on GME?*** + +He heard about it and the massive discussion about, short selling, Reddit and so on.But has not made any further research. He is only interested in Evergrande crisis, the collapse of the old financial system and creation of a new better one. + +***Question 17: Did he have candlelight Dinner with Dr. Burry?*** + +No. But the agrees with his view on inflation running out control and the most speculative, overvalued, overleveraged market ever. And also the failure of the Fed in order to guarantee a stable currency and inflation. + +I hope these questions and answers lift all of the uncertainty about Dr. Metzler and DMSA. They have a strong opinion about the Evergrande Crisis, the upcoming market crash and are aware of what they are doing. As for me i know that they are real, of course noone knows if they will be able to make a change. But he shares the same critical opinion that we do. Is he doing it for the fame? Maybe.But he is taking actions, so lets see what happens. + +I did not record this phone call because it felt wrong to me. But Dr. Metzler pointed out that if i did its okay as long as i did not publish it directly. + +If you support Dr. Metzler please follow him on [LinkedIn](https://www.linkedin.com/in/dr-marco-metzler-403341163/?originalSubdomain=ch). Engage with him, but please remain nice and civilized. Remember there is always a real human being on the other side, who has emotions just as you do and act the way you want others to act with yourself. *Expect for SHFs, fuck these guys....* + +Im gonna forward some of u/Criand and u/atobitt work to Dr. Metzler.Gonna link our library too. + +I will follow this post briefly, because that was quite exhausting and i need to do something else now.Gonna get a freezer pizza from the super market. + +**TLDR**: Dr. Metzler and DMSA are real. He thinks Evergrande and China are done. The US finical institutions are lying about the offshore bonds payment, because they want to delay a market wide crash. 2008 never stopped and the system has not changed. Production chain issues will show soon and we will enter a recession. Its just matter of time until the bubble bursts, hyperinflation is a real. we need a new system. the system was gonna crash regardless of Evergrande, but he is ready to kick this domino. Lets see what happens. + +DRS your shares! Stay Zen! Live your lives! MOASS is just a matter of time! + +Thanks for the awards and sorry for any spelling errors, my brain is toast right now. + +[Here is the thesis from DMSA on Evergrande.](https://www.dmsa-agentur.de/download/20211024_DMSA_EVG_RR_en.pdf) + +EDIT: Made some changes, format was broken somehow?! quoted u/Criand on the wrong side, where credit was due to u/peruvian_bull +Apes sending letters. +Emailing concerns. +Doing polls and surveys. +Urging shills to whistle blow. +Incredibly hard to read documentation. +Gg fuckshow report. +Rule changes. +P0rnhub. +And so much more. + +It’s all pointless. It’s theatrics. It’s smoke and mirrors. The SEC is literally there to fool us into thinking they’re there for us. I know there’s been dd done on this topic but it still seems that apes have hope in the SEC. + +Your letter gets thrown in the trash. +Your emails get deleted. +Your polls and surveys are used to get a pulse on us. +Shills won’t whistleblow because they don’t fucking know why they’re doing it and who the 3rd/4th funding party really is. +Whistleblower “awards” are a complete crock of shit. Never even existed. There to fool us into thinking they’re doing something. Fuck off. +All fillings look like gibberish unless you’ve been to law school to confuse the common folk. +Don’t get me started on that stupid fuckin report. +All the rule changes and additions did fuckshit. +And whatever the pornhub shit was, like why? + +I cant even say go fucking do something because I know you’ll never. No wonder why el0n says the sec is pieces of trash. Fuck you Gary you snail looking fuck. +I'm one of the few that slips between the cracks of not poor enough to receive help but not rich enough to pay for it. + +The problem with ACA is single fathers like me who pay in full for their children to live at their mothers and pay to live at dads can't freaking afford ACA with my income. + +I have looked at the requirements for exemption and none apply to me. I can't seem to find any special requests for exemption. + +I'm in debt 30,000$ for fighting custody of my boy. I have already cut my expenses to the very bare minimum and I still can't afford more then 25$ a month to pay off the 30,000$ loan but I'm expected to dish out an extra 275$ a month. + +My budget is so beyond tight that if I go over 5$ on any of my budgets I'm in the red. I don't even have budgets for things like car repairs or if I need new tires because I can't afford to budget shit like that. + +I'm so beyond stressed out and feel betrayed as someone who is a huge supporter of ACA watching it come back to fuck me up. + +I'm ranting because I seriously don't know how I'm going to get through this year let alone the next. + + +----------------------------------------------------------------- +Edit: #1 + +I can't move closer to my job my son lives and goes to school in this city. + +As of right now I cannot have a roommate or find a small apartment because I am going through a custody battle and being evaluated. + +I don't have Netflix or any other service like that to be cut. + +200$a month is car gas not heating gas. + +Yes I can quit my brewing job for a construction job, I'll make about the same amount of money with twice the hours. + +A lot of assumptions are being made about my living situation. Assumptions some of my family doesn't even know but reddit seems to know. + +------------------------------------------------------------------ + +EDIT #2-You know this started out as a nice conversation with very helpful people giving me good ideas on how to save and or make more money. Its has turned into a nasty one filled with hurtful comments and idiots that apparently know more about my living situation then I do. I seriously would never assume so much about something I could never know. Im going to stop responding to most comments. I really do appreciate those who did help, I think I may have found a way to make an extra 200$ a month by a helpful suggestion. + + +Also I did not vote for Obama or for Mitt for that matter. Not sure why this has to be political. Im also not sure why the ACA is apparently my fault. + +-------------------------------------------------------------------- + +Edit #3- Jesus Christ some of you are crazy, I had no idea reddit was like this. There have been two very generous offers to buy my son a gift for his birthday and another to pay my insurance for an entire year. The other lot of you just keep spouting terrible things. + +Just some clarification about my rent. Rent is 850$ a month I say just over 900 because water, sewer and garbage is tacked onto rent every month. + +------------------------------------------------------------------- + +Edit#4- My budget, sorry should have posted this a long time ago: + +I have 1900$ to spend every month after child support and taxes. + +940$-Rent + +150$-Car Payment + +175$-Food for 2 + + +75$-phone and Internet + + +75$-electricity + + +200$-Car gas + + +10$-entertainment (I usually take my son to Wunderland once a month with this money) + + +10$-clothes + + +10$-pets + + +75$-unpaid medical bills + + +45$-shopping (paper towels, soap, anything that needs replaced like dishes etc.) + + +20$-Eating out + + +70$-insurance + + +This usually leaves 45$ for when I make a mistake and go over on my budget and or something comes up like buying a present for my sons birthday this month. + +------------------------------------------------------------------- + +Edit #5- There seems to be a lot for confusion about the child custody battle. I can't simply loose or give up the custody battle to save money and if anyone here were in my situation you would never mention such a thing and here's why. + +I was raised a Jehovahs Witness and married young as all Jw's do. When my son was in his mothers womb I realized I was in a cult and stop going so my wife left me for this reason. The Jw's follow extreme doctrines like a harsh shunning policy so there members do not associate with people out side the cult even if its your family. I haven't spoken to any of my family thats still left in the church (4 members left with me) for over 5 years. My own sister being one of them, my wife all my grandpas and grandmas, aunts, uncles, niece and nephews and all my friends from growing up have completely cut off all contact with me. + +If you have ever experienced loss on that scale you would understand why there isn't anything I would not do to save my son from being indoctrinated into that bullshit and in turn shunning his daddy. I cannon't afford to loose anyone else, especially my son. So please stop making those comments. + +------------------------------------------------------------------ + +Edit #6- Since when does not being able to afford insurance mean that my son should be removed from my custody? He is well fed and clothed, I provide everything he needs not his mother. Who by the way makes around 12K a year so by some of reddit's logic I should win simply because I have more money. I can afford everything my son needs I just can't afford fucking insurance which puts me in the same boat as 40 million other fucking Americans before ACA. Really? take my son away because I only make 40K a year? Fuck you. + +----------------------------------------------------------------- + +Edit #7- Thanks for everyones support. I seriously had no idea this was going to blow up like it did, I was just ranting this morning looking for a way to afford the ACA after finding out the penalties while doing my taxes. Had no idea I would be spending all day responding to comments. + + +A lot of you not much better off then I am have offered kind words and support. This especially means a lot when it comes to the custody battle for my son. Ill be thinking of what you said when going to trial. Edit #6 was blunt I know, but geezus christ reddit. + +---------------------------------------------------------------- + +Edit #8- Look for a update sometime next week. That is all. +I’m 30 years of age and I’m looking at a long term (25 years) investment plan. Is it worth buying funds/stocks as growth, rather than high dividend paying funds or stocks for the long term? + +I don’t need any income from it now and any gains will be reinvested, but seen research saying it’s better buying fund and stocks for growth, rather than dividend paying. + Those staking their ETH with Kraken will understand the relevance of my question. In Kraken, once ETH is staked it can only be unstaked after ETH 2.0 is released. + +As the title states...there's no way ETH reaches its market cycle peak before ETH 2.0 is released...right? +Two weeks ago I made an unsolicited $25,000 donation to a nonprofit whose work I appreciate. I made the donation online and outside of business hours and received an automated thank you email in response. I haven’t heard anything from them since, and I’m not sure how to approach the situation. + +Making this all the more strange, I had previously made a couple of $250 donations to the same organization, all of which were met with personal contact by their director of development. + +My ultimate goal is to support the organization and I don’t particularly care about public recognition, but I’d be lying if I said I don’t want *them* to know that I am doing so. + +Am I overthinking this? Do I just call their director of development and say “Hi, I am calling to confirm that you received my donation a couple of weeks ago?” +Warren Buffett has often spoken about how interest rates in the 1980/81, pulled down the value of assets. [As interest rates climbed in 1981, the P/E of the S/P 500 dropped](https://en.wikipedia.org/wiki/File:S_and_P_500_pe_ratio_to_mid2012.png). + +I know value investors don't often discuss marco economic issues, but as a newbie I would appreciate your views/opinions on whether this is something to bear in mind. + +[Valuations are so high and seem to be outpacing earnings](https://www.seeitmarket.com/wp-content/uploads/2021/02/sp-500-index-price-to-earnings-valuations-stock-market-year-2021-high-lofty-concern-chart.png) ([*Source*](https://www.seeitmarket.com/how-concerning-are-high-stock-market-valuations-in-2021/)). At the time of writing, [the S&P 500 PE Ratio = 34.50](https://www.multpl.com/s-p-500-pe-ratio). US consumer prices rose by 5.4% in the year to June (also in the UK). I think Warren mentioned the increasing inflation at his most recent annual shareholder meeting. + +Since the growth of asset prices is a consequence of our recent inflation; and since the Fed will counter this by increasing interest rates = **Should value investors just wait this out with regards to these US S&P-type valuations and stocks?** + +Thank you for your time. Sorry if this has already been discussed. +The SEC charged by the Inspector General for misleading congress, lying to IG, creating spreadsheets that made false claims etc. .. and there’s those that still doubt the SEC is complicit. Ohhh and Gary Gensler knows as Bloomberg Law obtained a letter from Inspector General Carl Hoecker sent to Gary Gensler. + +Surprised anyone? + +[https://news.bloomberglaw.com/securities-law/former-sec-ombudsman-misled-congress-lied-to-ig-probe-alleges](https://news.bloomberglaw.com/securities-law/former-sec-ombudsman-misled-congress-lied-to-ig-probe-alleges) +Holy I am so happy to be typing this to you guys, after ready lots of posts about FIRE I decided that this life was for me. I had $2000 starting in 2017 with a networth of -$16500. After losing a roommate and having my girlfriend and myself pay for a room for 3 months before filling it, and changing jobs which promised me 40 hours then cutting mine down to 18. My finances were awful lots of credit card debt and no savings. After I solidified a Job working 48 hours a week making more than I did before I started saving aggressively to hit my goal of $0 networth by the end of 2018. I cant wait to start hitting more of my goals. + +More info: +I currently made $16 an hour as a supervisor at a restaurant making 250 in tips bi weekly for the most of 2017. + +2018 I was making $18 an hour with $370 biweekly in tips and I am getting bumped up to $19.50 in the next coming weeks. + +Thanks to everyone in this subreddit for motivation. Heres the graphs of 2017 to 2018 to see my progress https://imgur.com/a/RkFWIho +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) +No economics background here, anecdotally it seems like there's some historical patterns reportedly showing some consensus about minimum wages being 30-50% of the median wage as being normal. What happens as the minimum to median ratio approaches a value of 1? +Googling this question, I think the common answer is that the government inflates the currency in order to entice us to spend money now, knowing that our cash will be worth less in the future. This apparently is good for the economy. Another answer is that deflation is bad because we will stop spending now if we know prices will drop in the future, and this is also apparently bad for the economy. + +I'm not sure I follow. If I need to buy a $25K car, how is the threat of the currency inflating by 2% going to entice me to buy that car any more than my current desire to buy a car? + +How will a 0% inflation target lead to deflation? Can't the fed just inflate the currency once this starts? Why would a 2% target not lead to deflation but while a 0% target would? + +What other reasons are there for a 2% inflation target? Are there economists who believe a 0% inflation target is better? Do the majority of economists support the >0% inflation target? +Hi All, + +I'm new to day trading and have been just practicing (with real and hypothetical trades) and just running numbers to understand everything better. I have learned that profits will be much higher if you re-enter trades with previous profits versus taking profits as I make trades. + +Note: I would have posted this in r/Daytrading but I'm still working on my karmas :D + +Reasons: + +* Greater total % gain +* Slowly gain shares + +Please, correct me if anything is wrong. + +https://preview.redd.it/embt7daaarw61.png?width=938&format=png&auto=webp&s=d419d7a1b3bcddcb268bb9418501f8e488a2bcf2 +I know this sounds like a dumb question(and it probably is) but hear out my rationale for asking: + +Apparently the nominal gdp per capita of Beijing is about 24,000 USD and the GDP PPP per capita is about 39,000 USD and, while this is significantly higher than the GDP PPP per capita of the rest of the country, it’s on par with the GDP of Mississippi which is also about 39,000 USD. + +I guess my question is, if Beijing’s GDP per capita adjusted to purchasing power is about the same as the nominal GDP of Mississippi, then why does Beijing look so much more industrialized? + +Edit: I also want to add that Beijing has an HDI of 0.904 while Mississippi has an HDI of 0.871 to show that I’m not solely relying on subjective, qualitative metrics +Hey everyone - usually more of a lurker than a poster but have come to a bit of a career crossroads and decided to post in order to seek advice. + +I’m 27 years old and have spent first 4.5 years out of college working in investment banking and private equity. The work has been incredibly demanding with high stress levels and long, unpredictable hours. The comp has been great however and I’ve accumulated a net worth of $600k in this time. Currently make around $250-300k per year but varies with bonuses. + +I’m now at a point where I’m starting to burn out a little bit and considering other career paths. My PE fund invests in SaaS companies so I have good experience there and think I’d be a compelling candidate for finance / strategy / corp dev roles at such companies. + +Given many people on this board seem to work in tech, I’m wondering if anyone can share anecdotal detail of what type of roles and total comp one could expect coming into tech with ~5 years of high finance experience. + +I realize I’d likely be taking a slight pay cut but I would consider reducing pay if it meant working predictable hours and having weekends / vacation back. + +This is certainty an open ended question but any feedback would be appreciated. Thanks in advance. +SEC Filing for Northen Star and Apex merger link: [S-4 (sec.gov)](https://www.sec.gov/Archives/edgar/data/0001834518/000119312521109685/d121216ds4.htm) + +Addendum— these lawsuits are mentioned in an upcoming merger- lawsuits related to the debacle fall out from GME in January - the reason I think it’s a positive thing is the merging brokerage must disclose and they state an increase of awareness of market manipulation and this makes them more liable and also more apt to regard Sec laws. +Also it provides more info to help us know the bigger picture. I think this is all GOOD- there will be more eyes and more regulation. I personally am not changing my broker. Just personal opinion and absolutely not financial advice. I’m a silly ape who doesn’t know anything. + +\*Note I only had time to start perusing it-- I think this document is a great filing that can help gather more info. Just putting it out there for all the other ape nerds like myself that like to research-- I appreciate you all as all of us that play by the rules need to see the bigger picture to stop allowing the bigger parties to make their own rules. + +&#x200B; + +Part of merger goes into detail about APEX lawsuits and "conspiracy"-- + +" Plaintiffs allege that Apex, along with over 30 other brokerages, trading firms and/or clearing firms, including Morgan Stanley, E\*Trade, Interactive Brokers, Charles Schwab, Robinhood, Barclays, Citadel and DTCC engaged in a coordinated conspiracy in violation of anti-trust laws to prevent retail customers from operating and trading freely in a conspiracy to allow certain of the other defendants, primarily hedge funds, to stop losing money on short sale positions in GameStop, AMC and certain other securities. " + +Engaging in unfair competition + +" Apex Pro, ETC Processing Technologies LLC and ETC Global Holdings, Inc. (collectively, the “*ETC Defendants*”) are defendants in the matter captioned as InteliClear, LLC v ETC Global Holdings, Inc., et al., filed in the United States District Court for the Central District of California (the “*District Court*”) in 2018. The plaintiff in this matter alleges that the ETC Defendants misappropriated trade secrets under the Defend Trade Secrets Act and California Uniform Trade Secrets Act, breached a contract with plaintiff and engaged in unfair competition. " + +Please disregard my spelling errors in title- my +iPad wasn’t the ideal typing platform and I’m horrified I cannot edit it. *ashamed ape* + +\*cheers my beautiful apes\* +The signs are there for all to see, especially when there are millions of sets of ape eyes watching. Here is some of the blood in the water I've noticed recently, on mobile so ill try to break it up a little; + +----- + +Publicly stated SI % increase - This one is huge, the SI went from a publicly stated 13% to 20% which is a huge increase and an overall large SI to hold in general. Not to mention on a company with over $1B in cash, close to $1B in inventory who is known to be launching an NFT marketplace. + +Another thing to remember is that throughout the past year they've maintained a publicly stated SI% of 10% give or take. What does this tell us? That some parties are no longer capable of hiding their SI. They're being forced to use traditional means of shorting and have actually reported it rather than hiding their SI with PUT positions. + +----- + +Further evidence of traditional shorting - Borrow rates have increased by a significant margin for the first time in a year, Questrade up to 3.11% and iBorrowDesk showing 1.5% when previously they had be at 0.7%. A possible reason for this is the now limited ability to illegally short through IRA's. A dirty little trick to both hide SI as well as gaining shares to short without affecting borrow rates since they weren't borrowing from brokers, hence the "There is no demand to borrow this stock" justification. Rather than borrowing large scale from brokers they were illegally dipping into people's retirement investments to avoid increasing the cost of borrowing which would likely be a strain on smaller fish *COUGHAnchorageCapitalCOUGH* + +----- + +This leads into our next point. + +DRS is working - Now, 100% speculation, but with borrow rates increasing and the recent attacks on the price wreaking of desperation we are limiting their avenues to attack the stock. Hence SHF's are being forced to once again borrow in plain sight and increase borrow rates increasing the cost of maintaining this game. + +Further evidence once again; + +Apex denying the people the ability to DRS, we are not only limiting SHF's ammo but also bringing the illegal game of IRA shorting to a screeching halt and limiting revenues for those profiting from it. With millions of ape eyes watching and the general public becoming more and more aware we are undermining their means of making money and their shady and illegal business tactics and bringing it to light. This threatens to break the system as a whole as their largest customers may very well now teeter on the edge of insolvency. + +----- + +Cash infusion into Citadel for the first time; + +This one explains itself, naturally they'll play it off with some other justification as them diversifying into crypto markets. But let's be real, for the first time ever they've accepted outside investor money to the tune of $1.15B. Even if they legitimately were entering into crypto markets in a new capacity they had previously been resistant to this approach which would further display our sway on their decision making and need for cash. The $1.15B infusion sounds oddly similar to their prior "investment" of $2B into Melvin to bail them out during the sneeze. + +Speaking of those fucks; + +Melvin, I seem to recall this summer them proudly stating they paid back the $2B investment. First off....Who invests in a company for a period of less than a year then actually wants a full reimbursement of funds in under 12 months rather than reaping long term rewards on your "investment"? + +Maybe it was judged to be a poor one? Or maybe, just maybe Citadel was feeling the crunch themselves and needed that cash back to stave off death and failed margin calls? + +Then, all of a sudden the same party who bailed out Melvin for $2B takes in $1.15B of outside capital? + +Then further, fuck boys Melvin Capital takes a single month hit of close to $8B? Almost like they made some bad bets, it'd be a shame if others perhaps made similar bets? + +There undoubtedly is going to be players with a larger position than Melvin, imagine the testicle crunch and financial cuckening they're suffering now. + +----- + +DRS failing with some brokers; + +One that comes to mind being IKBR, there have been instances where people have attempted to purchase 90 shares and the transaction has failed. + +We all know that in regards to the markets that is a miniscule amount of shares when institutions are dealing with several thousand casually. + +On top of this the DRS process being so actively fought and taking several weeks or months for people all around the world. Dr. Burry stated before the sneeze last year that they were taking weeks to locate his shares. Could you imagine what they're going through now? + +----- + +Another instance of desperation in broad daylight is the rampant shorting of ETF's containing GME, some going up to 600-700% when this behaviour had already been noted in the SEC report. + +Not only are these short interests public but they know regulators are already onto them. Now I know that in the grand scheme they don't give a fuck, at worst the SEC assigns a fine equivalent to me buying a small coffee once a month, but it's still an instance of them no longer being able to hide the game they're playing from the broader public. + +We've sat through a year of bullshit MSM claims and them telling us to "Forget GameStop", it's all just a bad comedy joke. But now they're getting bolder not out of confidence, but of the most raw desperation imaginable. + +----- + +Reality - There are only two ways you can justify such rampant shorting from their perspective. + +1 - Desperation to either break our will, avoid margin calls, or to discourage new investors and drive a hopeless narrative and buy 1 more day. + +2 - This would have to be an obvious home run for them, *The price is too high, this is easy free money, we don't have to care if they see the short interest because we're going to make a fortune!* + +Do you think 2 is possible when they were forced to turn off the buy button? Do you think it's possible to bankrupt a business with $1B+ in cash with 350+ new hires of executives poached from high paying positions with the largest companies in the world like Apple, Amazon, Walmart, Chewy, and several others. + +All while they engage in the opening of a fucking NFT marketplace which will likely have practically no gas fees when the current largest marketplace (OpenSea) had a slightly higher revenue ($11B) than GameStop itself last year with huge gas fees? + +Not to mention diehard stock holders? + +Come. The. Fuck. On. + +----- + +Hiding the obvious; + +How many of you get notifications when stocks are up 5-10%? How many of you get those when GameStop is up that much or higher? + +How many times have we seen GameStop omitted from "biggest mover" lists on MSM? + +Now just today Questrade sent out an email to clients showing the top 5 tickers and ETF's in the US and Canada and for those who have seen it deleted the GME ticker but left the fucking company name with Nvidia's ticker beside it and below that the popcorn ticker beside Nvidia's name since they only altered the one column? + +Come on! + +----- + +A few other Citadel notes; + +-Ken Griffin has aged 15 years in fewer months, he's red, puffy and bloated. His appearance plainly is representative of someone whose been drowning themselves in alcohol. + +-Restricting the withdrawal of investor funds just weeks after a PR campaign and cringey breaks of Twitter silence. They needed to keep their remaining investors past November a typical period where another term of commitment begins and as soon as that passed they locked their funds away. The only other time they did this was during the 2008 crash. + +-On the note of investor funds AUM (assets under management) have plunged for Citadel in the last year. I don't have exact members handy however they lost close to half of their AUM, either through client withdrawal or perhaps a few bad bets? Either way, it's a very bad look on them. + +----- + +The shorts are most definitely on the losing end of this play, and as is the tradition, with so many points covered, the TL;DR + +TL;DR: Hedgies r fuk + + +Edit: Minor corrections since I wrote this as a long winded bitch faced rant. + +----- + +Edit 2: Wasn't expecting this response, I woke up to more notifications than I've ever seen... + + + + +To those looking to rock the boat regarding the current price like it discredits everything I and apes have been stating as of late here is my response to it. + +As a fun note what I generally take a real interest in is people, and I knew these people would come about and I wanted to respond to this question rather than do it outwardly. + + + +*What about the fact that we're down 60%?" + +Answer: I find this to be the most obvious indicator. The price dropping that much on no news and given market metrics like OBV is proof that not only are people not selling but they're also pouring money in en masse to buy this dip. Broker buy to sell order ratios have always been heavily in apes favour on the buy side, this has been especially true during the great dip of desperation. + +That 60% drop is their desperation showing through. The lengths they've had to go to in order to dip the price so much has shown their hand. They have shorted traditionally increasing both SI% as well as the borrow rates for shares driving up the cost of shorting for everyone. + +They have also shorted ETF's to SI's of 600-700% which again is now public knowledge. They previously have always tried to hide their fuckery as much as possible so they can continue to state "We closed our positions in January". Now they're essentially taking out digital billboards on the market with neon colours stating "We're fucking around! Ask how!". + +Shorting of ETF's is expensive, it's inefficient and it's also angering other major entities who have nothing to do with this play. The rampant and abusive shorting of ETF's has already been mentioned by the SEC who have again gotten the DOJ involved so for the regulators to openly state they're aware of it only to now do it wholesale? Dang, you bleedin' homie. + +As a side note, with Melvin losing $7.8B in ONE month. Where do you think that puts parties with a higher short position? They are putting out loud signals that they are thrashing to survive. + +So, yes, the fact we're down 60% is BULLISH AS FUCK in my opinion and when the next run up occurs there's going to be a lot more 'splainin to do. +I recently went through a divorce and I'm trying to get my life on track — starting with my financial life. + +I currently have about $120,000 in my savings account. + +**What is the smartest way to use this money for investing? Should I:** + +* Dump a large lump sum (like $70,000) into something like VTSAX now? +* Invest smaller amounts each month over the next 6-12 months and then dump a lump sum if there is a big dip in the market? + +**My Financial Stats:** + +* Salary of $85,000/yr +* Side business income will be around $20,000-$25,000 in 2021 (most of which will fund my solo 401k) +* Mid/late 30s +* No debt +* No children +* I rent an apartment. I don't see myself buying a house any time soon as I live in NYC and prices/taxes are very high. +* $120,000 in checking/savings +* $30,000 emergency fund (separate from other funds) +* $190,000 in 401k +* $55,000 in taxable brokerage +* Business checking has around $25,000 but I don't want to touch that. + +At this point, I don't really have any financial goals other than saving for retirement and building wealth. I live in NYC so I doubt I'll ever buy an apartment here (at least not within 5 years) but I might consider it if I boost my salary or if I ever move. +Since the late 18. century there is a certain idea of progress - that the life of the next generation should be better than ours. Of course different people had very different idea what progress means, especially in the political sense, but the improvement of economic conditions was constantly expected by everyone. + +And now it seems to have stopped. People have nothing but fear for the future - they are afraid to bring children into a world with an uncertain future, they are focusing on not losing their jobs this year etc. etc. + +This isn't country-specific, as I can tell from the three languages I read, it seems to be rather a global phenomenon. + +And the reasons seem to be economic - mostly state debt. Do you dare to have kids when you know they will be _born_ with serious amounts of debt? + +Of course debt is just a symptom. One could say it a symptom of high time preferences - of a spirit of an age like party until you can and when it collapses then the last one out please turn of the lights. + +So in a more general way we could say people fear for the future because it seems the top decision makers, the politicians, the businessmen have _stopped giving a fuck about the future_. The politicians seems to be focusing on what popularity they can buy NOW with debt-finances handouts and the businessmen seem to be focusing on the quick cash. + +This is what makes people fearful - the future seems uncertain because it seems like the big boys have stopped caring about the future, stopped making serious long-time plans. + +Any thoughts? +Hey Everyone! + +What a fucking few days hey? GME closes almost 15% up, streamers that are more interested in their weird tarot card readings than actual data, FUD that we can barely even spot anymore, and an IV increase that is being hidden by a hidden company none of us have even talked about. Wait... what was that last part? Oh yeah haha, another fucking DTCC that we have all neglected or overlooked or just got buried somewhere. Here it is, another banker filled board that oversees ALL OPTION CLEARING DATA. + +No, I am not fucking around - it is stated on their website: + +[https://www.theocc.com/](https://www.theocc.com/) + +The mother fucking OCC. + +https://preview.redd.it/n2mh2lwgkrz61.png?width=1035&format=png&auto=webp&s=1505e0d8779a48ceeaa9797df719a8f203b2200e + +The largest derivatives clearing organization. Stability. Integrity. Overseen by the SEC and CFTC. Major OTC clearing for options. + +Who might want to clear options OTC to maintain a free market that doesn't drown them? + +How about banks and institutions who accepted these giant fucking pile of dog shit option contracts from market makers who are hedging bets and cut off buying/selling in Jan? + +1. **Chairman** \- One of the most influential people in finance (knows Chicago trade and mergers origins). +2. **Managing Director, Head of Americas Asset Management Services, Bank of America** \- Literally still works for BoA, previously Morgan Stanley. What a fucking conflict considering what is currently going on between apes and the fact that BoA holds shares and puts on GME, and we have successfully proved the data is being manipulated (Ill come back to more on manipulation through these guys). +3. **Founding Member** \- Literally has worked for BoA, Goldmans, Morgan Stanley. Probably one of the geniuses behind this since he's the tech guy. +4. **Partner and Head of Market Structure, Wolverine Trading -** DONT THESE GUYS HOLD A VERY LARGE, UNHEDGED PUT POSITION ON GME?!?! WHAT IN THE FLYING FUCK IS GOING ON?! +5. **Executive Vice President & CIO, Interactive Brokers, LLC -** DIDNT THESE GUYS HALT FUCKING TRADING TO GME IN JAN???? WE FUCKING KNOW THEY DID. +6. **Managing Director, General Counsel Department at Credit Suisse Securities (USA) LLC -** Oh another banker overseeing the largest derivatives clearing corp, when the banks are currently going through a liquidity crisis. +7. **Vice Chairman, NASDAQ Inc. -** I actually think the NASDAQ is probably the free and fair market we are looking for. I have no comment. +8. **Chief Strategy Officer, Intercontinental Exchange, Inc.** \- Seriously. This is getting tedious. CSO. ICE which owns NYSE. Oh, and represents them on the DTCC board. Lol fuck me, right? But retail is definitely the problem. +9. **Executive Vice President, Chief Operating Officer, Cboe Global Markets -** No issue with this guy. I actually think the CBOE Bats thing might be beneficial to us. But that is another DD. +10. **Senior Vice President - Head of Product Management for North American Market Services, NASDAQ Inc. -** Ex Goldman-Sachs guy. Obviously. +11. **Senior Vice President - Head of Product Management for North American Market Services, NASDAQ Inc. -** Just another individual investor exchange board member. TD Ameritrade (didn't they do some shady shit?). Anyway. +12. **Chief Regulatory Officer, Intercontinental Exchange & General Counsel, NYSE Group -** Oh look, another ICE/NYSE lawyer, which has let Citadel and friends run the show on the NYSE, especially GME. +13. **Former Financial Executive -** Meh no issues she seems to have been just a hard nosed finance person. Unless someone wants to dig in more, no complaints, just a derivative guru. +14. **Managing Partner, Windham Capital Management Inc. -** Oh look, an ex Bear Sterns **PRESIDENT**. Curious how he made out after the crash and I would be even more curious about his insider trading reports for Bear. +15. **Chairman, Risk Committee, Kepos Capital LP -** Oh look, an ex Goldman Sachs partner. Again... +16. **General Counsel, Citadel Securities -** My fucking favorite board member on the list. This is pretty much self explanatory. Oh, and a FINRA grad. +17. **Co-founder and Chief Executive Officer of DASH Financial Technologies -** Meh. Nothing crazy. Has a vested interest in OTC markets for large institutions. +18. **Managing Director and Global Head of CCP Strategy and Resource Optimization, Morgan Stanley -** Literally works at Morgan Stanley +19. **Economist -** Ex Federal Reserve person. Regulated OTC derivatives market. + +[https://www.theocc.com/Company-Information/Board-of-Directors](https://www.theocc.com/Company-Information/Board-of-Directors) + +There you go. That is the start of how the system has be built to keep the wealthy, well, wealthy. And what I am going to conclude from the next bit should really show how they're bending the fucking rules to make sure this doesn't cause too much of a ripple (in my opinion - this is how I cope in case they decide to fuck it all over again and say "well retards it went to $x is that not enough? Greedy apes"). + +I said once, derivatives and options surrounding GME have become the main issue. This is how they are balancing their books to avoid margin calls through their lenders (I.E. Goldmans, Morgan, BoA, get the idea here of *how and why*?) They are purposefully changing the math, and I think I can prove it, right now. + + **NYSE OPTIONS CONTRACTS** + +I found the mapping data for the NYSEArca contracts and it has some interesting data. They don't even consolidate the option data until 5pm the next business day. Which means it is 100% probable that the OTC trades take over for deals to settle option contracts for large financial institutions the next day. And the lights are most likely on because they are making phone call after phone call trying to run their quants and figure out what they can trade for some moon tickets. This means that these guys are trading on the back end, in bulk, being overseen by our new favorite board of bankers and lawyers. + +[https://ftp.nyse.com/](https://ftp.nyse.com/) + +&#x200B; + +https://preview.redd.it/r0c51cybxrz61.png?width=651&format=png&auto=webp&s=09ed8102c962ab2f04b243d4244b6ec5fa76e35d + +Ive been cross referencing the ArcaAmex data with the OCC data, because on OCC you can actually check option data (which seems awesome because you would think the main derivative clearing corp would have up to date info). And there is definitely some weird data coming from the OCC. + +&#x200B; + +https://preview.redd.it/6hkc2jbfyrz61.png?width=297&format=png&auto=webp&s=c437168f9d1cad8b2663d52847586eda0a97db92 + +0 OI for GME May 14 Calls (all in the money in this case). + +0 OI for GME May 14 Puts (all in the money). + +Ok but ok. Maybe they dont update it. But the May 21 Calls are there... + +&#x200B; + +https://preview.redd.it/mat2h8ltyrz61.png?width=307&format=png&auto=webp&s=52f3d526485cd19469ff1d87056c56309f5df70c + +Ok... And before you say these arent sourced from everywhere: + +&#x200B; + +https://preview.redd.it/qqluvrv2zrz61.png?width=954&format=png&auto=webp&s=65e87312e800ff73309689899b93f3efaed9cd71 + +The info is here [https://www.theocc.com/Market-Data/Market-Data-Reports/Series-and-Trading-Data/Series-Search?symbol=gme&symbolType=Options](https://www.theocc.com/Market-Data/Market-Data-Reports/Series-and-Trading-Data/Series-Search?symbol=gme&symbolType=Options) + +These should literally be updated daily. And depending on who's buying and paying attention, there should definitely be some movement. But anyway, lets go look at TODAYS data for May 21 GME options, through the company that OCC links all their derivative data through. + +[https://oic.ivolatility.com/oic\_adv\_options.j;jsessionid=a-dh\_HwzV6lh](https://oic.ivolatility.com/oic_adv_options.j;jsessionid=a-dh_HwzV6lh) + +&#x200B; + +https://preview.redd.it/iwi1zukvzrz61.png?width=1905&format=png&auto=webp&s=a5d5a158b26d1831c2170a8ecc8fb48fa8a2db88 + +Notice anything weird about the IV? And the cost of the option vs the strike price? Literally the Deep In The Money calls mean worth is the exact same cost as a share. And we know that everything about "free and fair market" in the last little while has been about "taking the best average cost at market value for our clients" (my broker touts this - I assume most do). + +And the IV is significantly lower than what other sources are saying. Barchart has $10 calls at 1600% IV, yahoo same thing. Odd that this data is almost purposefully deflating the IV of GME, considering after the last massive increase in IV was Jan. No, seriously: + +&#x200B; + +https://preview.redd.it/6ro04put0sz61.png?width=547&format=png&auto=webp&s=5a1e601fc6c657a49ec675ced38e8852f81917ed + +And if we go back to the NYSE Arca data, the consolidated short interest changes with how many shares are short as well. Check this out, I am only going to go to the end of Jan because there is a ton of data, but maybe Ill do the rest after to prove their algo is betting against retail. Because they only changed it once WSB reallyyy started to get into GME mid January. And they didn't expect the upward buy pressure, so they manipulated the market through the OCC to make this work in their favor. + +&#x200B; + +https://preview.redd.it/cjoc7rzc4sz61.png?width=562&format=png&auto=webp&s=2b3635a3b7388c689b51820f2ec251819e3b6380 + +**The short volume literally started to MIMIC THE FUCKING BUY VOLUME AFTER MID JAN. HOLY FUCKING PYRAMID SCHEME BATMAN.** + +I said it before, and I personally think this definitively concludes that the banks, shitadel and other hedge funds, and the regulatory bodies like the OCC are working against us through algos, reddit scraping, and OTC. Thanks for attending the fucking TedTalk. I hope we can all buy and hold more. Not financial advice. Just an ape who wants tendies from these people who have made a fortune off our hard work and lower class lifestyle. Buckle up hodl, and dont forget your hellmits. + +&#x200B; + +https://preview.redd.it/suvwgwjq5sz61.png?width=487&format=png&auto=webp&s=35219ddfceb080e409f2bf4cd0790476d237d3ca + +References: + +1. [https://ftp.nyse.com/](https://ftp.nyse.com/) +2. [https://www.theocc.com/](https://www.theocc.com/) +3. [https://www.theocc.com/Company-Information/Board-of-Directors](https://www.theocc.com/Company-Information/Board-of-Directors) +4. [https://oic.ivolatility.com/oic\_adv\_options.j;jsessionid=a-dh\_HwzV6lh](https://oic.ivolatility.com/oic_adv_options.j;jsessionid=a-dh_HwzV6lh) +5. [https://www.barchart.com/stocks/quotes/GME/options?moneyness=allRows](https://www.barchart.com/stocks/quotes/GME/options?moneyness=allRows) +6. Oh and the fucking terminal drops. +Netflix lost 430,000 subscribers in the US and Canada in the second quarter and issued weaker than expected forecasts for later in the year, rekindling investor doubts over how the streaming group will fare after the economic reopening. + +The California-based company predicted it would add 3.5m subscribers in the third quarter, disappointing investors who were looking for a stronger rebound in the second half of the year. Analysts had forecast that Netflix would add 5.9m subscribers during the third quarter. + +In the past year and a half, Disney, Apple, WarnerMedia, Comcast and others have launched streaming platforms, and there are more than 100 streaming services for consumers to choose from, according to data company Ampere. + + https://arstechnica.com/gaming/2021/07/netflix-bleeds-subscribers-in-us-and-canada-with-no-sign-of-recovery/?amp=1 +Morning team, + +After a brief and unsuccessful foray losing relatively small amounts of money trying to invest in individual stocks, I resigned myself to the fact I'm not the next Warren Buffet. Possibly even the anti-Buffett. + +So I start researching investing ETFs. + +I've got 40k AUD I'm ready to drop into the market to sit for 30 years, I'm thinking 20k in VOO and 20k in VAS. + +I'm looking for some feedback + +Do I invest now at an all-time high or wait for some kind of dip ? +Morning team, + +After a brief and unsuccessful foray losing relatively small amounts of money trying to invest in individual stocks, I resigned myself to the fact I'm not the next Warren Buffet. Possibly even the anti-Buffett. + +So I start researching investing ETFs. + +I've got 40k AUD I'm ready to drop into the market to sit for 30 years, I'm thinking 20k in VOO and 20k in VAS. + +I'm looking for some feedback + +Do I invest now at an all-time high or wait for some kind of dip ? +I have heard all large yachts cost about 2x the price in maintenance over a long period of time. If i retired into a trawler for a decade at 50, I would need 3m for the boat maintenance etc before standard retirement funds. Anyone have experience with this? How much do yachts cost to maintain? + + +Assuming I recoup 5-700k from it a decade later, I’m tenuously assuming a yacht is gonna cost me roughly 300k a year +With all that whistleblowers stories, FB stock price fell really hard. Yet, the business is great, makes huge profit. The main asset of Facebook - it's users is still there and I doubt they'll disappear and stop using Fb, Instagram, WhatsApp. So is FB on a nice discount right now or am I missing something? +Hello all, + +Greetings from London. + +I would love to get some opinions on [this interesting piece on the "Tesla-financial complex](https://www.ft.com/content/17f0cd1f-e751-4ddb-b13c-ea4e685b55c0)[" in the Financial Times](https://www.ft.com/content/17f0cd1f-e751-4ddb-b13c-ea4e685b55c0). + +I found this article immensely fascinating and disturbing too. I have a few points: + +&#x200B; + +* I think Warren Buffet & Charlie Munger will be proven right on the growing WSB-Gamestop-Robinhood gambling culture that seems pervasive. I was shocked that the article specifically mentioned Reddit. And, just a few days ago, someone messaged me on reddit about Alibaba saying "the hedgies will have to cover their shorts". I think the ridiculous culture and mania and language of WSB has more pronounced than people realise. And the use of leveraged-instruments to exacerbate a mania/bubble is exactly what Warren Buffett warned about in the 1990s. +* Reading this article, there seems to be parallels with the crash of 1929. The widespread greed and speculation that has the power to spill into the broader market. + +I have pasted the article below: + +&#x200B; + +# [The ‘Tesla-financial complex’: how carmaker gained influence over the markets](https://www.ft.com/content/17f0cd1f-e751-4ddb-b13c-ea4e685b55c0) + +The rally in Tesla’s shares has lifted the overall stock market value of Elon Musk’s electric carmaker to over $1.1tn, making it one of the most valuable companies in the world. This year alone it has added almost $475bn in market capitalisation, equal to a Procter & Gamble, a JPMorgan — or two McDonald’s. + +However, the real importance and wider footprint of what might be called the “Tesla-financial complex” far outstrips the company’s market capitalisation. This is thanks to a vast, tangled web of dependent investment vehicles, corporate emulators and an enormous associated derivatives market of unparalleled breadth, depth and hyperactivity. + +Combined, these factors mean Tesla’s influence over the ebb and flow of the stock market is far greater than even its size would imply. It may even be historically unrivalled in its wider impact, some analysts say. + +“We don’t really have the language to describe Tesla any more,” says Michael Green, chief strategist at Simplify Asset Management. “It’s like explaining to a person in a two-dimensional world the concept of ‘up’.” + +The Tesla-financial complex is a phenomenon that many investors — whether passive index funds, traditional mutual funds, hedge funds or ordinary retail investors — have no choice but to contend with, given the idiosyncratic force it now exerts over the stock market. + +“It stands out like a sore thumb,” says Dean Curnutt, the chief executive of Macro Risk Advisors. “It’s something you’ve got to pay a lot of attention to.” + +One of Tesla’s oddest quirks is the fuel that has helped power its rocketing stock market value. Although its stock is wildly popular with many ordinary retail investors, the swelling size and hyperactivity of Tesla “options” — popular derivatives contracts that allow investors to bet both on and against a stock and magnify any gains and losses — has also flabbergasted many market veterans. + +The nominal trading value of Tesla options has averaged $241bn a day in recent weeks, according to Goldman Sachs. That compares with $138bn a day for Amazon, the second most active single-stock option market, and $112bn a day for the rest of the S&P 500 index combined. This makes Tesla’s stock more prone to whipsaw movements, because of the “leverage” inherent in using options to trade. + +“The Tesla options volume has always been outsized, but it is now huge,” says Michael Golding, the US head of trading at Optiver, a firm active in the options market. “Tesla almost represents a generation. It’s come to represent innovation, at a time when option trading has taken off.” + +The Tesla options market — more than 60 times as active as the entire FTSE 100 options market, and almost seven times greater than Euro Stoxx 50 options — has helped push US option trading volumes above actual stock trading volumes this year. + +Tesla accounts for a big chunk of that aberration. In November options trading was 50 per cent higher than stock trading in nominal terms, and without Tesla and Amazon it would have been 20 per cent lower, according to Goldman Sachs. “The combination of a high market cap and extraordinary option activity make Tesla a critical driver,” the investment bank said in a note. + +Golding estimates that historically the combined trading activity in US equity options has been between 10 and 20 times larger than activity in the biggest individual equity options market. However, there have been days recently where Tesla’s option trading activity has been five-to-six times the rest of the S&P 500 options ecosystem combined. “The size of the Tesla options market is absolutely enormous,” he says. + +The value of options depend on what the underlying shares do, but due to their complex mechanics analysts say the option tail can occasionally wag the equity dog if there is enough activity in them, and even bleed into the broader stock market — adding to its churn and making it harder to navigate for many investors. + +Curnutt points out that it is unprecedented to have such a huge stock that is also so volatile, and moves to the beat of its own drum. For example, the swelling heft of Tesla’s stock and options market is one of the reasons why the Vix volatility index has diverged so sharply from actual US equity market volatility lately, he argues. “Tesla is its own animal,” he said. “It changes how markets price risk.” + +**Who will bet against Tesla?** + +Ordinary retail investors have been the primary power behind the Tesla options boom, but some of them have more resources to make bigger leveraged bets on Musk’s company than others. + +IT billionaire Leo KoGuan recently said that he had by early November accumulated almost 7.2m shares in Tesla. They had largely been accumulated through aggressive purchases of Tesla call options — which give buyers the right to buy shares at a pre-agreed price within a certain time period — and offer a popular route to boost gains. Bloomberg previously verified the growing size of his direct equity stake and options investments, and in September, Tesla’s investor relations head Martin Viecha confirmed KoGuan’s original claim. + +That would make him Tesla’s third-biggest individual shareholder, behind Musk and Oracle co-founder Larry Ellison, with a stake worth almost $8bn, and has made him a hero on Reddit forums dedicated to the carmaker and trading. “Leo KoGuan = Tesla God”, one thread declared. + +“He’s trading a lot of options, we can definitely see his footprint in the market and he’s inspiring others,” Golding says. “It’s almost as if he’s waving the Tesla flag and people on Reddit see him as someone they can follow.” + +Tesla’s fame and the volatility of its stock have also started to make it a component in some structured investment products, such as “auto-callables”, further enmeshing its shares into the fate of the broader financial ecosystem. + +Auto-callables are complex savings vehicles — particularly popular with Asian investors — where bankers construct an attractive, bond-like fixed return by selling stock options. Historically they have been mostly options on broad stock market indices such as the S&P 500, Hang Seng or Nikkei, but because of falling market volatility some bankers have started to structure them with options on choppier individual stocks. Tesla has emerged as a popular choice. + +“Tesla is perceived as safe because it is big and at the technological vanguard, but it’s incredibly lucrative \[for investors\] to put into structured products because it is so volatile,” says Simplify’s Green. + +The frenetic rally in Tesla has also buoyed money management groups such as Cathy Wood’s Ark Invest and Baillie Gifford, which have bet heavily on the electric carmaker. But there is a flipside. Its gains have left a huge and growing blot on the performance of many other investors with only negligible or modest positions in Tesla relative to its big heft in their benchmarks — or “underweight” in market jargon — due to what many see as its wildly inflated valuation. + +US mutual funds focused on growth stocks suffered their worst bout of underperformance in at least two decades in October, largely due to the carmaker’s rally. For US mutual fund managers as a whole, Tesla alone crimped their relative performance by 0.46 of a percentage point in October, according to Wells Fargo analysts, helping turn what was heading towards being a decent year into yet another mediocre one for stockpickers. + +“Managers that have been underweight Tesla have certainly been punished,” says Drew Dickson, chief investment officer at Albert Bridge Capital. “It’s been a sizeable driver of underperformance for many. You have to wonder whether a lot of them are now holding it simply due to fears they’re going to lag.” + +Betting against Tesla has been particularly painful. Hedge funds that have shorted Tesla shares over the past decade are sitting on cumulative losses of over $60bn, according to S3 Partners, a financial analytics company. Just this year the losses have come to $11bn. + +The “short interest” in Tesla — the percentage of shares that have been lent out to and sold by hedge funds — has now fallen from 20 per cent at the start of 2020 to just 3.3 per cent by mid-November, according to S3. A sign, industry insiders say, that fund managers are now reluctant to risk their careers betting against a stock that has defied financial gravity for so long. + +Prominent bears keep falling by the wayside. Michael Burry, the hedge fund manager made famous by author Michael Lewis in The Big Short and portrayed by Christian Bale in the film of the same name, last year called Tesla’s stock price “ridiculous” and revealed that he was shorting it. But in October he said he had ended the trade and closed out the short position. + +“It’s the original meme stock,” says Green, referring to companies like GameStop that have gained sky-high valuations off the back of social media hype. “Shorting Tesla is just an ego trade at this stage. Tesla has been a primary contributor to destroying the credibility of active management over the past few years.” + +**EV bubble** + +Underscoring its financial idiosyncrasy, Tesla stock tends to not be much affected by other market and economic trends, but correlates somewhat with bitcoin, according to analysis by Quant Insight. + +At the moment Tesla’s shares seem to be benefiting from a “mixed bag” of factors, such as rising inflation expectations, tighter dollar conditions and uncertain credit markets, but “Tesla spends a lot of time out of \[recognisable\] macro regimes — unsurprising when it is often driven by idiosyncratic factors like Elon’s tweets,” says Huw Roberts, head of analytics at Quant Insight. A macro regime is industry jargon for how different economic environments can hurt or help certain stocks or sectors. + +The success of Tesla’s stock has also helped inflate what some analysts and fund managers think is a broader bubble in anything related to electric vehicles. Tesla-emulators Rivian and Lucid are now valued at about $110bn and $90bn, respectively, despite having negligible revenues and no profits. + +An index of EV and electric battery companies compiled by the FT has a combined market capitalisation of almost $1.8tn. In contrast, automotive giants Toyota, Volkswagen and Hyundai, the biggest car manufacturers in the world, are worth about $254bn, $135bn and $42bn, respectively. + +“There’s obviously a big halo effect with anything electric vehicle-related at the moment, thanks to Tesla,” says Benjamin Bowler, an equity derivatives strategist at Bank of America. + +Even Nikola, an electric truck start-up that has set aside $125m to settle fraud charges from the Securities and Exchange Commission over claims that it misled investors about its technology, is still valued at $5.4bn. That is enough to qualify it for the blue-chip S&P 500 index — if it had ever made any profit. + +If Tesla’s ascent continues it will further enrich believers, hurt the dwindling band of doubters and drag swaths of the broader equity market up with it. But if it were to fall sharply, it could cause ripples through financial markets that are far in excess of what many appreciate. + +Tesla did drop as much as 17.6 per cent in November before rallying once more, without the fall triggering any major ripples. But even this decline only took it back to its October level, and a bigger, more sustained drop could prove more impactful. + +“There is a huge, recursive ‘tail wagging the dog’ nature to the valuation of a lot of things these days,” says Dickson. “I’m unwavering in my belief that ultimately the fundamentals are what matters. But over the past few years I can see that the short and intermediate term is far more dominated by flow, momentum, memes and appetites.” + +He recalls the financial analyst Ben Graham’s adage that the stock market is a voting machine in the short run, but a weighing machine in the longer run. “In the current environment, I think we’re spending a lot more time voting,” says Dickson. +I love value investing, and I want to share it with everyone. I want to eventually help make value investing more mainstream. I started building a website that makes it easy to analyze companies from a value investing perspective. I noticed a lack of modern value investing tools so I started building one. + +There is also a lack of practical guides to Value Investing, so I just wrote this article on Medium as an introduction to value investing, it covers the basic principles behind value investing, how to identify wonderful businesses, and how to calculate intrinsic value. + +This is my quick guide to value investing - [https://decode-investing.medium.com/how-to-make-higher-returns-in-the-stock-market-in-a-safe-and-predictable-way-cd51bb8bc5c9](https://decode-investing.medium.com/how-to-make-higher-returns-in-the-stock-market-in-a-safe-and-predictable-way-cd51bb8bc5c9) (its in 3 parts). Will appreciate your feedback. + +My site is still in very early beta, I'm still improving it very fast and adding more features [https://decodeinvesting.com](https://decodeinvesting.com/) +Back story on how I got in this position: I’d always been good with money but have been in a rut. I’m embarrassed to even be in this situation. It’s a long story but I had a horrible roommate who manipulated me. She began refusing to pay rent or would claim she couldn’t after 3 months of things being ok. I of course didn’t want to get evicted so I really had no other choice but to pay it all myself. She also refused to leave for a long time. Luckily she is out of the apartment now. +During all this, I had gotten a new job that seemed to be good with a higher pay and good benefits. Within the first week of starting, I had a contagious health issue & it was a healthcare job so I obviously couldn’t go in. Even with a doctor’s note they held my 3 day absence against me and fired me as soon as I showed up late one time a bit after I had returned to work. It really sucked because I had put my two weeks into my old job and was really excited for this endeavor, but I also left my old job for a reason. I do have a potential job (they said they’re hiring a lot of people and I was the most qualified) to hopefully start next week or two. I also have a few people interested in subleasing her room. + +I’m still left with the debt of having to pay her rent because I was already living just above pay check to pay check when I was paying half the rent and utilties, and I now had to pay 100%. I had to put many of these payments onto a credit card as a result. Not to mention other personal bills I had because of how broke this left me and then the job pulling the rug under me leaving me with no income. + +For reference the inheritance is $100,000. My grandpa left it for me to use in health, education, and emergency. I feel incredibly grateful for it and have hardly touched it up to this point, going to community college and paying with grants and scholarships to preserve it as much as I could, as it is supposed to build interest in stocks. I have tapped into it a bit to help pay the rent and for other living expenses since, again, I am in debt with no income (I have done some small things to get cash here and there but it doesn’t cut it) + +I am wondering if it would be worth paying some/most/all of this debt off with this because I don’t know how long it will take me at this point to pay it off. The rent counts as a cash advance so the interest is really high and Ive missed some payments and have even gone above balance on one. I really just want to get back on track and not have this over my head. + +My Aunt controls the money and doesn’t gatekeep it but maybe I’m just embarrassed and projecting but I feel like she might judge me or think I’m abusing the inheritance. + +Any advice at all is appreciated. + +edit: this post has gotten a lot of input, a good amount I have appreciated. all in all i think it would be best to cut my losses by taking out some money to pay for debt and an emergency fund, and should be able to pay rent easily with my new job (again, i had no problems when i had a steady job and before this situation sucked the money i had saved up, ~$1000). which i know some will say i should’ve saved more but should’ve could’ve would’ve trust me i would have done many things different now. + +i am here to learn and appreciate the straight forward and genuine advice that was given. not so much judgemental comments on my financial situation which i already expressed im embarrassed about. thanks 👍 + +edit #2: i’ve been getting dms and i’m green to all this and can’t tell if it’s genuine people trying to help but it mainly sounds like people trying to sell me stuff, investments and crypto bullshit. look, lady, whatever you’re selling i ain’t buying yo +Hey guys, I've been away for a few days, but judging by the looks of things in the Daily, even some old hands are starting to get *pissed and angry* at ETH's price decline and the fact that it has not yet solved world hunger, or even work all that well at scale yet. And by the way, that decline is not unique to ETH, but really a sector-wide decline affecting all cryptos. Yes folks, our hype cycle has burst, and this is what the other side looks like. And I still consider this a baby hype cycle compared to what is coming. + +And that's precisely why I remain so excited. We got as far as we did on what has basically been a useful prototype. What happens when (which you should probably read as "if") it all works at scale and really does start to address important, broadly applicable use cases (both via L2 and L1 scaling)? What happens when real world and new virtual world assets start getting tokenized onto Ethereum? What happens when mainstream financial institutions *really* get into this market and EEA participants start to launch working blockchain initiatives on Ethereum? If all of that happens, as I think it will in the next couple of years, 10x to 50x and beyond from here *may* be in reach for that next cycle. I know those are big numbers, but this is a big idea / technology, with ramifications we can't really understand (just like the nascent internet). + +I say we're [just entering the trough / valley of despair](https://bravenewcoin.com/assets/Uploads/four-stages-chart.jpg) for this hype cycle and still have a ways to go. And yes, that means the price could fall further. And for that to happen, some of you cranky old hands who expected to retire this year in December are going to have to straight up drop out of this market for me to feel like a true bottom is in. I don't think we're there yet. Then again, I could be completely wrong and maybe our bottom is already in. I have no idea, I'm just a guy on the internet who happens to really believe in the potential of the technology and is trying to make some smart, long term investment decisions. + +As for me, I'm as cool as a cuecomber [sic] at the moment. I sold about 10% recently to take advantage of tax loss harvesting, and will likely redeploy it over a matter of weeks or months by DCA'ing, and faster than that if we go sub-$400. As for the rest of my ETH, I ain't touching it, unless a useful tax loss harvesting opportunity comes up, and ETH would have to fall a looong way for that to happen. + +So how low do we go? I have no idea. But I'm fiscally and mentally prepared for as low as $100. I would be fairly shocked if that happened, and tend to think of $300s as the lower end of where we might end up, but like everyone else, I really have no idea. If you think you might sell it all if it drops to $100, $200, or $300, then do yourself a favor and just *sell it all now.* + +What I can tell you is that the next run, whenever it happens, could very well be *epic*, on a scale that is unfathomable to most of us. If you don't understand this technology, take the time to learn about how transformative it could be. Don't over-invest, but invest wisely with money you can afford to lose. Success is not guaranteed, but I still have never been more excited about any investment opportunity in my lifetime. + +This game isn't for everyone, and if you're going to bow out, just do it now and get it over with (I suggested that at $600 to $800 as well by the way, and I still mean it). But if you're still in a few weeks from now, consider yourself in for the long haul. And strap in: this won't be a straight line sloping moderately up type of deal. It's going to be (possibly) further precipitous declines, followed by quiet boredom, followed by an *absurd* spike up that many people are going to miss. Then, it will probably all happen again, and again until this technology becomes stable and boring (we are likely decades from that point, by the way). + +Play the long game. Or get angry and capitulate. There are merits to both approaches. Which one you choose depends upon your temperament and your risk tolerance, just like every other potential wealth creation opportunity out there. Think long term, understand yourself and your goals, choose wisely, and focus on making the rest of your life as great as you can. Your future self may thank you profusely. +I have lived in my place for 3 1/2 years. I am a damn good tenant. I pay my rent on time, take care of the rental, and never ask for anything. My landlord is a lazy bum and everyone in the property hates him. + +I took a huge income loss over the past couple months due to Covid. I've been lucky enough that I was able to get various forms of assistance from food stamps to a grant from my work to energy assistance. I found out I was eligible for rental assistance so I applied. I received a message from the housing authority on Aug 12 that they were going to proceed with my application but they would need some forms filled out by the landlord. + +The problems started with him right away when I told him that I had papers for him to sign. First, he actually questioned the validity of the application. I said it's from the state, the housing authority. Then he made multiple excuses for not filling it out from "the library wasn't open for me to print" to "I don't know how to answer some of these" to "I don't normally fill these out unless someone is in arrears." Just friggin shut up and fill it out. + +After several weeks of excuses, I knew time was ticking and they'd wind up withdrawing my application. I emailed the rep from the housing authority that I had been working with and told her that on numerous dates, I contacted the landlord and he has been non-compliant. I left his name and phone number. + +The housing authority called him and told him he needs to comply. So he came by that night and filled the papers out, of course, complaining the whole time. I submitted everything the next morning. Within hours, i got a response saying I was granted the max of $2000 in rental assistance and is being deposited to my landlord within a few days. With the subsidy, my rent is going from $750 to $250 for the next 4 months. I'm being laid of next week but got hired for my dream job and am starting the week after. This rental assistance will help tremendously while I transition jobs. + +Thanks for the gold! +I remember reading back in October 2020 on some investing newspspaer that we should take profits in Scottish Mortgage Trust as it was due to explode any time soon. I didn't follow the advice and kept on investing. + +We've all seen stories like this. We're in a bubble and the crash is just around the corner etc. etc. + +If nobody can tell when that will happen, are there any theories on what the cause of the next crash will be? What's going to set it off? + +All this fear mongering hasn't done a thing. Stocks just keep going up. Even if there's a crash, the "new generation" of investors follow the mantra "stonks only go UP!", so any sign of a crash is going to be met with more buying on the dip. Especially considering they've all witness the corona crash's vertical recovery. +So we are renting a single family home in Colorado and we just got a series of texts from the tenant telling us that the property is overpriced and not finished. They said there was a small leak in the main shower and a light that is flickering, which he said might be the bulb. They also said there is a small gap where the garage meets the concrete. I told them I’d be out tomorrow to address the issues but that didn’t seem to satisfy them. They toured the place twice and knew what they were getting; my wife and I pride ourselves in being responsible homeowners and this feels shitty. Do we just deal with this for the next year or is there a way to get them out? We told them we'd release them from the lease but I don’t know if that's the right course of action either. + +I’m looking for some advice from others that have more experience. Thanks in advance! +So is this true? He owned a house with his partner and couldn't afford to pay for it by himself when they split up so they sold up. He is living with parents now and paying into a LISA with the aim of buying again as "first time buyer" in a a few years. + +I'd not heard this before and when i questioned him he said he wasn't sure on the timeframe off the top of his head, and I couldn't find anything about it when Googling. He stands to lose money in a LISA or have it locked away for a very long time if this isn't correct. + +ITT: Virginity analogies +I didn't start investing until late in life. 40 now and started just a few years ago. But with this recent covid dip in the spring, I saw an amazing opportunity to scoop up beat up stocks with wonderful yields, mostly Canadian. + +I want to retire at 55, going to be tough but that is my goal and to live off my dividends. I believe I can do it an anybody on here can as well. So keep compounding those dividends, friends. Cheers. +[https://en.wikipedia.org/wiki/Towards\_a\_New\_Socialism](https://en.wikipedia.org/wiki/Towards_a_New_Socialism) + +The book outlines in detail a proposal for a complex planned socialist economy, taking inspiration from [cybernetics](https://en.wikipedia.org/wiki/Cybernetics), the works of [Karl Marx](https://en.wikipedia.org/wiki/Karl_Marx), and British [operations research](https://en.wikipedia.org/wiki/Operations_research) scientist [Stafford Beer's](https://en.wikipedia.org/wiki/Stafford_Beer) 1973 model of a [distributed decision support system](https://en.wikipedia.org/wiki/Decision_support_system) dubbed [Project Cybersyn](https://en.wikipedia.org/wiki/Project_Cybersyn). + +[https://www.reddit.com/r/badeconomics/comments/31k18o/planned\_economies\_work\_and\_market\_economies\_dont/cq2c0fg?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/badeconomics/comments/31k18o/planned_economies_work_and_market_economies_dont/cq2c0fg?utm_source=share&utm_medium=web2x&context=3) +With the amount of free adult content out there, it doesn't really make sense to me how OF creators can make as much as they do. I would have assumed that the free stuff out there would be either a perfect or less than perfect substitute for OF, and as such, the quantity demanded should be close to zero. But empirical evidence clearly doesn't support that idea. I'm struggling to figure out what drives the difference. +In addition to the obvious emotional stress and suffering it would cause, employees getting fired and businesses closing during the epidemic would be a problem because it would require wasting resources on opening new businesses to replace the old ones and training new employees. Is giving people/businesses money enough to make up for the reality that fewer goods/services are currently being produced? +I put a deposit down for an invisalign treatment on Friday, £600 (edit its £670) I haven't been able to eat or sleep since because I no longer want the treatment they are proposing because of the risks but now I've just wasted almost £1k on nothing. I do want invisalign soon, just not the treatment plan they are proposing. I feel like shit because of this, how do I move past it? I know it's better to waste £1k on this then spend £4k total on something and hate the result, but I just feel stupid being coaxed into it. + +Edit to add as many are asking: The ortho is suggesting that I use a device called the carriere distalizer which will move my molars back to make space for my teeth which protrude out at 8 mm ahead of my lower teeth. For reference normal overjet is 2-4mm. I have this issue because my lower jaw is regressed and underdeveloped compared to my upper jaw. I've been reading a lot of the literature, and a lot of it says that in cases where there is excessive overjet that molar distalisation to make the upper jaw retract to the lower jaw is not recommended as it can cause negative face changes and decrease tongue space/airways. The alternative would be to use IPR (teeth shaving) to make gaps for the teeth to move in. This would result in less of a retraction but still some improvement. + +**Edit 2: I JUST remembered. The deposit they asked for was £500 but they deducted £95 for the consultation I paid for previously. I paid £670 so that monthly payments are lower, technically they only asked for £405. So I should be able to get £265 back?** +“If you’re going to soend that much per month on rent you’re throwing money away, you should be putting that into a mortgage.” + +Is it necessarily financially wrong to spend that much on rent? + +Here are the details: + +I live in los angeles, things are expensive. In order to buy a home in a place id want to live (location and quality) id be looking at a $2.5M home. + +Here are my problems with this (please poke holes): + +1. The downpayment would be around $250-400k. Hypothetically this is doable, however... + +2. That’s $250-400k thats not going into the stock market. Historically, the market grows on average higher than real estate so if I had that money to invest in something i’d rather invest it there and get a better return. + +3. Factor in all of the other responsibility that comes with owning a home + the fact that i’m saddled to one place (not a huge deal but still worth considering). + +4. I dont NEED a home for anything. I dont have a family or foresee one in the near future. + +So my question is, is it still stupid to spend $6k per month on rent? Or can it be financially justifiable, especially if im still budgeting to save and invest so it’s well within my means. + +Just trying to get both sides of the argument so look forward to anyone pointing out any glaring issues with this logic! +Remove if not allowed. + + +What accelerated you from basic FIRE to fatFIRE? I believe I can achieve FIRE through my 9-5, but part of me wants to be fat. What did you do asides from your 9-5 to become fat? + + +Sorry if this is not allowed; I'd appreciate it greatly if somebody was willing to PM me and spread some knowledge. + + +Thanks, +First, some background on how my research started. I have been mainly relying on group health insurance policy provided by my employer for years (thankfully, made a claim only once) but started researching for a personal insurance policy because of a recommendation from a colleague. I then came across ([thanks to this post](https://www.quora.com/Strategy-to-choose-good-heath-insurance-in-India)) the Super Top Up insurance policies and got attracted to the savings they are offering compared to getting a second base policy. This seemed to be a very good option to increase coverage without paying a hefty amount, but one obvious catch is what would happen when I switch to another employer with inadequate base coverage and what about after retirement when I would no longer have any base coverage. Since I work in IT, I am fairly confident of getting good group insurance coverage wherever I go, but the retirement aspect is something real and this played a major role in my selection below. + +I am sharing a summary of my research with the hope that it will be useful for others in making a similar decision and also to get feedback on additional points I should consider. + +Here is the complete list of policies I considered (in no specific order): + +- `HDFC Ergo` General my:health Medisure Super Top Up Insurance +- `Star Health` Super Surplus +- `ManipalCigna` (Formerly CignaTTK) Health Insurance Co Ltd Super Top Up +- `BajajAllianz` Extra care plus +- `Care` (formerly Religare) Enhance +- `United India Insurance` Co. Ltd. Super top up medicare Policy +- `Royal Sundaram` (Classic & Supreme) Super Top Up +- `Bharti Axa` General Insurance Co ltd: Bharti AXA Smart Super Top- up Policy +- `Kotak Mahindra` General Insurance Co. Ltd.: Kotak Health Super Top Up +- `Navi` General Insurance Co. Ltd.: COCOCure Super Top up +- `Raheja QBE` General Insurance Company Ltd +- `Cholamandalam MS` General Insurance Co. Ltd. +- `Max Bupa` Health Recharge +- `ICICI Lombard` Healthcare Plus +- `Oriental` Super Health Top-Up +- `National Insurance` Co Ltd: National Super Top Up Mediclaim Policy +- `Aditya Birla` Super Health Plus Top up +- `Liberty General` Health Connect Supra policy +- `New India Assurance` TOP-UP Mediclaim Policy + +*NOTE*: `Apollo Munich` became `HDFC Ergo Health` and later got merged with `HDFC Ergo General`. You can no longer find "Apollo Munich Optima Plus" or its intermediate replacement, "HDFC Ergo Health Suraksha Top-up Plus" plans. + +*NOTE 2*: The `New India Assurance` TOP-UP Mediclaim Policy doesn't say that it is a Super Top Up policy, but the policy wording indicates that it is. + +Here is my base criteria: + +- Family floater option availability +- Good incurred claims ratio +- High settlement and low repudiation ratio +- Not too small (per number of health policies and premium underwritten) +- Showing good growth in business +- At least 20L sum insured coverage with 5L/10L deductible options +- No health check for below 50 yrs +- Online purchase option, don't want to deal with brokers + +Based on the above criteria, I quickly narrowed down to the following (I have additional notes on why I dropped other companies, but I am not including here): + +- `HDFC Ergo` General: [my:health Medisure Super Top Up Insurance](https://www.hdfcergo.com/OnlineProducts/MedisureOnline/HSTOP/CalculatePremium.aspx?ref=HDFCERGO) ([brochure](https://www.hdfcergo.com/documents/downloads/HEHI/my-health-Medisure-Super-TopUp/myhealth-STU-New-CTC-brochure.pdf)) +- `BajajAllianz` [Extra care plus](https://www.bajajallianz.com/health-insurance-plans/top-up-health-insurance.html) ([brochure](https://www.bajajallianz.com/download-documents/health-insurance/extra-care-plus/Extra_Care_Plus_brochure.pdf)) +- `Star Health` [Super Surplus](https://www.starhealth.in/super-surplus-health-insurance-policy) ([brochure](https://www.starhealth.in/sites/default/files/brochure/Star-Super-Surplus-Floater-Brochure.pdf)) +- `ManipalCigna` Health Insurance Co Ltd [Super Top Up](https://www.manipalcigna.com/hospitalization-cover/super-topup/super-topup-plus) ([brochure](https://www.manipalcigna.com/documents/20124/0/SuperTopUp_Accordian_Oct20.pdf/dd886b90-5f32-4c0b-13c8-2dc4e87d739c)) +- `Care` [Enhance](https://www.careinsurance.com/buy-top-up-medical-insurance-policy.html) ([brochure](https://cms.religarehealthinsurance.com/cms/public/uploads/download_center/enhance-%28top-up-insurance-product%29---brochure.pdf)) + +After going through each of the online brochures and in some cases interacting with live sales agents, I created a [spreadsheet](https://docs.google.com/spreadsheets/d/11jvuZ9TJ6t_p7au7odb8kwkXik9RUh2ZBhDGP_yjg_I/edit?usp=sharing) to compare the above 5 and see that the policy offered by `ManipalCigna` ~~is way better (at least on paper) than others~~ (see update below) for the following reasons: + +- Premiums are way less than others. E.g., for a family of 2A+2C, with 30L SI (Sum Insured) and 10L deductible, the premium is just ₹3,492. Compare this with the same 30L/10L policy from `Care` for `₹14,960`. +- Number of days for Pre/Post coverage is 60/90 compared to 30/60 offered by most. +- They have AYUSH coverage for many non-allopathic treatments. Most others don't have this. +- They offer guaranteed (as in, irrespective of claims) 5% bonus to SI up to a max 50%, so a 30L SI coverage would end up being 45L SI over a period. +- Organ donor's expenses are covered, though not clear if only for the hospital expenses only or post-hospital expenses as well. +- No cap on room rent +- Some non-medical expenses are covered +- No cap on ambulance expenses +- Coverage for many treatment methods classified as "Modern and Advanced" and also for artificial life maintenance including life support machine use. +- Best of all, they have an option to get a base policy at the time of renewal from 5th year onwards for an initial upfront payment (not much). + +Here are some not so great points on `ManipalCigna`: + +- Still a small company, though not the smallest. As of IRDAI 2019-20 report, they issued a total of `250,164` policies which underwrites a total of `576.19` crore rupees. Compare these numbers with Care for `807,660`/`2,388.99`cr or Star (a monster) with `4,462,963`/`5,401.29`cr. +- Incurred claims ratio at `61.64%` isn't that great, Compare this with `81.96%` for `BajajAllianz`). +- Claim repudiation ratio is high at `13.3%` +- Claim settlement ratio at `86.6%` is not among the best. Compare this to `93.20%` from `Care`. In general, "general insurance" companies (as opposed to standalone health insurance companies) have reported better claim settlement ratios, but sadly, the IRDAI report doesn't break it down for different categories such as health, fire, motor etc. +- Growth in number of policies from 18-19 to 19-20 is at `8.90%` is about average, especially for the size of the company. Much larger `Star` had `19.50%` growth. +- Cashless network size at `6500+` is small, though not the smallest. Star boasts `10200+` and Care boasts `15500+`. + +*NOTE*: Though I shortlisted `Care` Enhance as it seemed to a good contender, after going through the [T&C](https://www.irdai.gov.in/ADMINCMS/cms/Uploadedfiles/HealthProducts/2020-21/RHIHLIP21372V022021.pdf) I won't recommend it. It excludes some important coverage, such as ambulance and life support equipment. They also talk about "Enhance 2" plan with higher SI, but it doesn't show up as a selection for getting a quote and there are no policy documents for it. + +While `ManipalCigna` policy seems quite good, in fact apparently better than their base policy (e.g., no limit on room rent, actual ambulance cover and non-medical expenses cover as claimed by their support), my biggest concern is that it looks too good to be true. Why is it so cheap? Is it because they are a small company with a small network? If so, won't you expect them to invest heavily on marketing and achieve higher growth after being there for at least 10 years? Is the incurred claims ratio small enough to be concerned? + +The most attractive feature is the ability to get an additional base policy that covers the deductible amount which I should be able to purchase after retirement (solves the second concern that I mentioned at the beginning) with no additional waiting period applicable. I wasn't able to get a lot of feedback on this company after asking in a couple of community groups with hundreds of members (with only two responding, though only one of them made claims), but considering Cigna is a large multinational insurance company and holds `49%` stake in this venture, I am assuming that they will provide good service (they do have a very good responsive sales support team). + +Any thoughts or feedback? + +**Update**: I no longer think `ManipalCigna` is the best choice, thanks to all the people who helped me with additional information so far in coming to this conclusion. I need to continue to evaluate other policies perhaps with a modified criteria and I am open to suggestions. + +Useful references: +- [IRDAI annual reports](https://www.irdai.gov.in/ADMINCMS/cms/frmGeneral_NoYearList.aspx?DF=AR&mid=11.1) +- [IRDAI 2019-20 annual report](http://www.irdai.gov.in/admincms/cms/uploadedfiles/annual%20reports/IRDAI%20Annual%20Report%202019-20_English.pdf) +- [Policy documents at IRDAI] + +[Policy documents at IRDAI]: https://www.irdai.gov.in/ADMINCMS/cms/NormalData_Layout.aspx?page=PageNo4220&mid=27.3.8 +EDIT: I was recently contacted by someone who has completed a 6 month tour with this organization. He had expressed that the Virgin Islands more desperately need able bodies to assist in hurricane relief efforts. Puerto Rico was the focus of most western media and as such, does not have a shortage of people to assist. If you can make this work, please consider donating your time/energy/efforts to the Virgin Islands first. + +Thank you all for the overwhelming amount of support and interest. We can turn this community into a service for greater good and not only raise global awareness for ethereum, but make this world a better place. + +I recently made the decision to come to Puerto Rico for a prospect in the crypto space. I've been researching volunteer opportunities and stumbled upon a pretty great one if anyone is interested. It includes free accommodation, meals and free round trip ticket from mainland US for volunteering 2 weeks or more. + +Although the hurricane coverage has fallen out of the media spotlight, the devastation is still very much present. As early as the flight into San Juan, you can see people's homes covering their swept away roofs with blue tarps. Many of the interior cities are inaccessible being blocked by rubble and are still without power. Major resorts, hotels, and lodges are booked out with FEMA contractors still working tirelessly to get America's Carribean colony back up and running. Even with all this, Puerto Ricans still continue to smile and have shown me nothing but the highest level of hospitality. + +Let's be better than what Consensus has portrayed us to be. We have a real opportunity here to make the world a better place not just with the adoption of blockchain technology, but also with what we can do with new found wealth and Independence. + +God bless the financial revolution + +https://www.volunteermatch.org/search/opp2872603.jsp +I remember seeing many articles a couple years ago claiming that the US had a surplus of empty homes, enough to house the entire homeless population (500k+) or something along those lines. The intent of the articles always seemed to be about American politics and how we don’t do enough for the homeless. + +What ever happened to that statistic? Has home inventory really decreased that much over the past 2 years? Are these empty houses being flipped? +This may be an odd question but I'm wondering for those of you who have FatFIRE'd... are there any waitlists or clubs you wish you joined earlier in your life? + +For example, I'm a big NBA fan and joined the Lakers season ticket holder list this year. It's a 6-7 year wait it sounds like and I wish I had done this earlier. + +Any other things like this for someone who is likely going to FatFIRE in the next few years? Any lists that I should join NOW so that I can enjoy while I'm Fat? +https://www.indiaratings.co.in/PressRelease?pressReleaseID=41025&title=Increased-Central-Government-Borrowing-Unlikely-to-Translate-into-Meaningful-Fiscal-Stimulus + +This view of the ratings agency seems to explain the fiscal package announcements. The Indian government is between a wall and a hard place. +Welcome to the Daily General Discussion thread of /r/EthTrader. + +*** + +The thread guidelines are as follows: + +- All sub rules apply here so please review our **[rules page](https://www.reddit.com/r/ethtrader/about/rules/)** to become familiar with them. The rules page is also linked in the announcement bar above. +- This thread is meant to be more relaxed compared to the serious daily thread. Memes, lambos, moons are all welcome. +- If the front page gets overloaded with memes, all but the top two posted and voted on may be removed. Basically, please post memes in this thread first and upvote the best so the mods know which ones to keep if we need to remove a bunch of memes from the front page. + +*** + + Resources and other information: + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our [Ethereum Education wiki page](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. + +*** + +Thank you in advance for your participation. Enjoy! + +Follow Friday + + +Im not sure if this post is allowed or not but in the world of Canadian Microcap stocks there are a few accounts who are early and that get it right time after time. My 3 top follow accounts for a healthy mix of Technical Analysis and Fundamentals with killer calls are as follows... Must follows in my opinion. Who are yours? + + +[https://twitter.com/AllStreetsWolf](https://twitter.com/AllStreetsWolf) + + +[https://twitter.com/TWealthyLion](https://twitter.com/TWealthyLion) + + +[https://twitter.com/BigRig\_Trader](https://twitter.com/BigRig_Trader) +Hello world, this is the unpaid media news you were waiting for: This post is for people not familiar with the GME situation. + +Headline of the day: GME was up 17% midday on no official news, start asking yourself why. + +Something to think about: If a stock rises or falls, there must be a reason for it. Right? + +So GME is a „dYinG brIcK anD mOrTal“ and it makes obviously sense if it drops (5%/10%/20%). Right? + +But: Why is a stock trending upwards? I think you agree with me when I say fundamentals or news released by the company. Nothing of these two things happened today. So why did it rise 17% midday? + +For more information, browse this sub. Ask yourself why a stock rises on no news and try to inform yourself about the stock market and the companies you are invested in. + +Have a good week and don’t forget to DRS. + +See you soon on the moon. 🐒❤️ +The Japanese Yen which is the third largest fiat currency took a shit. + +https://i.imgur.com/flpH6aR.jpg + + The BoJ yield curve control policy, controls the shape of the Japanese yield curve by pinning short-term rates and the 10-year Japanese government bond yield to .25%, + +https://i.imgur.com/VRKKLX7.jpg + +its origin purpose was to achieve its 2% inflation target in a stable manner. That peg broke a couple days ago. + +https://i.imgur.com/TCvCa6C.jpg + +Which means Japan has to print more money to keep buying the bonds to keep it pegged to .25% if not they face losing billions. + +https://i.imgur.com/QRGVSVb.jpg + +Which further devalues the Yen. Which they already have. + +https://i.imgur.com/H4ZnAQO.jpg + +Add this to another massive systemic risk because Japan is the LARGEST holder of US treasuries. Which means US Fed Reserve would have to bail them out too! Buckle the fuck up, turbulence will go past 10g. + +https://imgur.com/a/BveMsME + +Edit: u/lulu1168 posted information supporting this post from 50 days ago, about BoJ and receiving money from the Feds regarding what I just explained due to them being the largest foreign US treasury holder. + +https://www.reddit.com/r/Superstonk/comments/ucmda2/a_missing_piece_of_the_puzzle/?utm_source=share&utm_medium=ios_app&utm_name=iossmf +EOS, the "Ethereum Killer". The company that has been doing a continuous ICO on Ethereum for about a year. Yeah, right. So they're issuing an Ethereum based token to raise Ethereum so that they can fund their platform that is supposedly better than Ethereum, but there is no product yet. + +This would be like if I started a Facebook group called "The Facebook Killer" where I use Facebook to get a bunch of people excited about a new social network I'm promising that will be more scalable, more fair, faster, and better than Facebook, but all of this conversation exists within a Facebook group. I keep promising an incredible new website, but I also keep piggybacking on the success of something much more proven and battle tested. + +Then when I finally do come out with a product it turns out that we still have to work out all the usual kinks associated with other existing products and nothing actually ends up being improved. Seriously how do people fall for this? + +"Decentralize Everything", LOL, maybe start with "Decentralize Something" and see where that takes you. +We have 2 small kids and are not quite ready to retire yet (we’d be lean at this stage). + +We’re hoping to retire once our youngest starts school - at that point their ages will be 5 and 8. Our vision being that we’d have the school hours to pursue our own hobbies and interests and relax a bit (because let’s be honest the kids are HARD at the current stage and I don’t really think it gets easier), then we could be present and refreshed with them before & after school. + +Also at this stage we would start long slow travel in the summers and at least 1 year doing the National Parks thing in an RV. + +For those with kids (especially older if you all have gone through lots kid’s of stages already) any thoughts on this approach? + +More broadly - what do you think is the ideal age range of kid(s) during which to retire? +Originally from Spain and currently living and working in Cork with 72k€ salary per annun (contractor for a Medical Device company) + +I've been offered a 110.000CHF permanent salary in Switzerland (Fribourg). + +Would you make the move? I'm saving around 2000€ per month in Cork. Would I have higher savings capacity in Switzerland? + +I'm in my late 30s , living with my partner. She would have to find a new job in Switzerland. +Here is the satelitte- https://www.datascoutpro.com/Map/Index?gisId=512577586 +i bought this on a whim and it was relatively cheap. It is tax lien, and parcel was delinquent since 2016- seems like unused land from builder since the last sold shows 750,000 which is unrealistically high for my area. There is also an IRS lien on it. +What are my options? +Own the deed and put up a for sale sign? open to ideas +Price paid $200; Yearly taxes $7. +I am loving the suggestion so far, yes it was impulsive for me to do this so keep the criticism come- Lot of interesting thoughts and views! +When the stock market crashed in 2000, it took 12 years for the S&P index to recover all its losses for a **net gain of 0%**. + +However, the cash dividends from one's running balance in the S&P index **grew by 80.5%** (not by 0%) from 1999 to 2012, growing at an annualized rate of 5.04%. See [S&P gains & dividends table from 1940-2020](https://qph.fs.quoracdn.net/main-qimg-1ee44e88749a778947e5165f2d48d107). + +Why weren't cash dividends adversely affected by the stock market crash and the ensuing drawn out economic recession? + +IMPLICATIONS: [Can a retiree who draws dividends to cover 120% of living expenses **keep stock/bond allocations at 90/10 for life** (instead of 50/50) to let the stock assets (including future dividends) double in value every 7-9 years from $2M to $4M, $8M, $16M in another 21 years?](https://www.reddit.com/r/dividends/comments/nq3kuh/comment/h08y440?context=3) +I work as a teacher in NYC and also have two other roles both in and out of my school that allow me to make this salary. I own my co-op and live there with my fiancé. I pay about $1,000/month whereas he pays about $700/month. I can currently walk to the school where I work and am held in high regard there. But it’s freaking exhausting. The thought of going back next September makes me very sad and somewhat depressed. I’ve applied to other fully remote jobs but haven’t gotten anything yet. My fiancé travels a lot for his job for extended periods of time and I never, ever get to go with him because of my job. + +My dream is to have a fully remote job. But right now, I want to take one year off from work. I’m currently vested in the school system’s pension plan. + +I currently have about $200k in stocks, $85k in an IRA, and $100k in a tax deferred annuity. I have about $10,000 in cash and $10,000 in crypto. We have about $125,000 equity in our co-op. + +Is it irrational to be leaning toward time off? I’ve been working since immediately leaving college 10 years ago. I’m so, so tired. And I’m not enjoying life as I should. I have (I think) a decent amount of money saved up and I’m spending it on nothing because I’m too busy to spend it. +less than 10 min ago on their subreddit +------------------------------ + +Hello everyone. + +I wanted to provide a quick update on the number we provided regarding GME (GameStop Corp) shares available to short. + +As you know, one of our counterparties provided an erroneous number for GME. We have been in touch with this firm and based on conversations, we are hopeful they will publicly provide more details on this unfortunate incident. + +Each day, firms like ours receive data from dozens of other brokerage firms, banks, and mutual fund companies that list the number of shares they have available to lend. This data is fed into our systems and contributes to what is highlighted on Fidelity.com. + +After this issue was identified, the counterparty verified it was an error and we corrected it. + +While we have many procedures in place, we're going to take a couple of additional steps. + +First, we will work closely with our counterparties to confirm they have controls in place to provide accurate data. + +Second, for this issue specifically, we are going to strengthen our ability to find data anomalies, including unusual daily variations in inventories. + +Fidelity has always prided itself on putting our customers first, and I want to thank you all for your feedback. + +This forum is really valuable to us, and we look forward to continuing the conversation. + +Thanks, + +Scott Ignall, Head of Retail Brokerage at Fidelity +I know you guys are probably sick of hearing GME related stuff but I really wanted to post this here to get some additional thoughts/feedback from experienced investors. + +Long post ahead, but I encourage you to read the whole thing. + +TLDR: Data points strongly point to Hedge Funds using tricks to appear as if they covered their shorts when they haven't truly covered. Full version below. + +There’s an insightful piece on [https://tradesmithdaily.com/investing-strategies/the-drop-in-gamestop-short-interest-could-be-real-or-deceptive-market-manipulation/](https://tradesmithdaily.com/investing-strategies/the-drop-in-gamestop-short-interest-could-be-real-or-deceptive-market-manipulation/) that identifies there are two ways for both short interest and price to fall quickly. + +First way is retail investors not holding the line and panic selling thereby driving the price down further, releasing into the market more of the float and enabling shorts to cover/buy back shares at progressively lower levels. + +\*\* + +Quoting from Tradesmithdaily: + +Plummeting short interest along with a plummeting GME share price, in other words, could indicate that the Reddit army is headed for the hills, and the longs were selling early, giving the shorts a means to cover, as the longs got out… Important to note that if the long holders of GME shares did not break ranks and sell en masse, it would have been impossible for the share price to fall and hedge fund short interest to fall at the same time. because, without a critical mass of long-side holders selling into the market, the hedge funds covering their shorts would have nobody to buy from as they covered (bought back) their short positions. + +\*\* + +However the other scenario where this can occur is the hedge fund short interest in GME didn’t really dissipate but instead they played a trick to make it seem like it did, demoralizing the retail side and further “breaking the squeeze.” + +\*\* + +To now quote verbatim from Tradesmithdaily: + +The way the hedge funds could have done this — made it appear as if they covered their shorts, even when they really didn’t — involves trickery in the options market. + +The tactics involved are not a secret. In fact, the Securities and Exchange Commission (SEC) knows all about such tactics, and published a “risk alert” memo on the topic in August 2013. + +The SEC memo is titled “Strengthening Practices for Preventing and Detecting Illegal Options Trading Used to Reset Reg SHO Close-out Obligations.” You can [read it here via the SEC website](https://www.sec.gov/about/offices/ocie/options-trading-risk-alert.pdf). + +The memo contains a dozen pages of highly technical language, but here’s a quick rundown: + +* If short sellers are facing a squeeze because shares are hard to buy, or scrutiny for holding an illegal short position, they can create an appearance of having closed their short position through the use of deceptive options trades. +* A hedge fund that is short a stock can write call options on a stock — meaning they are now “short” the call options, having sold the call options to someone else (typically a market maker) — and simultaneously buy shares against the call options. +* The shares bought against the call options could be “synthetic” longs — meaning they are not part of the original share float of the stock — as sold to the hedge fund by the market maker that takes the other side of the options trade. +* This works because, if a market maker buys options from an options writer, the market maker has legal privileges to do a version of “naked shorting” as part of their hedging function. This is necessary, under the current rules and the current system, for market makers to protect themselves when facilitating options trades. +* As a result of the above transaction, the hedge fund that sold short calls was able to buy synthetic long shares against the calls. (A synthetic share is one that has a long on one side and a short on the other but wasn’t part of the original float.) The synthetic long shares are the other side of the naked shorts, legally initiated by the market maker, so the market maker can hedge. +* The hedge fund that bought the shares can now report that they have “bought back” their short position via buying long shares — except they actually haven’t! The synthetic shares they bought are canceled out against the short call positions they initiated, a necessity of the maneuver by way of the market maker’s hedging of the call position they bought from the hedge fund. + +It gets very complicated, very fast. + +But the gist is that hedge funds can use tricks to make it look like they’ve covered their shorts — even if they haven’t truly covered, and can’t, for lack of available float — by way of exploiting loopholes that exist due to an interplay of reporting rule delays, market maker naked shorting exceptions, and legal practices of synthetic share creation (new longs and shorts made from thin air) relating to market-making. + +Below is a section of the SEC memo (from page 8) that gets to the heart of it: + +*“Trader A may enter a buy-write transaction, consisting of selling deep-in-the-money calls and buying shares of stock against the call sale. By doing so, Trader A appears to have purchased shares to meet the broker-dealer’s close-out obligation for the fail to deliver that resulted from the reverse conversion. In practice, however, the circumstances suggest that Trader A has no intention of delivering shares, and is instead re-establishing or extending a fail position.*” + +\*\* + +In short (no pun intended) these tricks “help hedge funds maintain short positions that, legally speaking, they weren’t supposed to have because the shares were never properly located”, which triggers alarm bells when we consider the extraordinarily high amount of FTIDs/Failed to Deliver Shares ([https://wherearetheshares.com/](https://wherearetheshares.com/)) and Michael Burry’s (now deleted tweet viewable here [https://web.archive.org/web/20210130030954/https://twitter.com/michaeljburry?lang=en](https://web.archive.org/web/20210130030954/https://twitter.com/michaeljburry?lang=en)) about how when he called back shares he lent out, brokers took weeks to actually find them with the implication they could not be located. + +These factors lend credence to the idea that shorts weren’t really covered but were given the impression of being covered with trickery using options, in order to “cover” short positions that they shouldn’t have had to begin with because shares were never properly located. + +Separately but potentially related, S3 released updated short numbers last Sunday reducing from their projection of short interest from 122% to 113% (a day later on Friday) to 55% on Sunday (while markets were closed therefore in my estimation using the same data set that calculated 113%), which many found to be suspicious. Later it was found that this new number was calculated using the same data set that yielded 122% short interest percentage, but with the significant difference of adding synthetic long shares into the short float equation which is against standard practice. + +For a more detailed breakdown a user here pasted a good analysis of how those numbers were reached [https://www.reddit.com/r/wallstreetbets/comments/laoaru/read\_this\_they\_are\_screwed\_numbers\_dont\_lie/](https://www.reddit.com/r/wallstreetbets/comments/laoaru/read_this_they_are_screwed_numbers_dont_lie/) + +\*\* + +Excerpt: + +The real short % according to S3's data is 122%. However, their 55% figure is technically not a lie, but extremely misleading. I will explain everything. + +Here is what they did:Sources (S3 head):[https://twitter.com/ihors3/status/1355990194575564801?s=19](https://twitter.com/ihors3/status/1355990194575564801?s=19)[https://twitter.com/ihors3/status/1356004816414269448](https://twitter.com/ihors3/status/1356004816414269448)[https://twitter.com/ihors3/status/1355969693841051650](https://twitter.com/ihors3/status/1355969693841051650) + +S3 head is redefining share float to include shares that don't exist in order to be able to say shorted % of float is lower. + +it reduces the traditional SI % Float, Instead of Shares Shorted/Float our calc is Shares Shorted/ (Float + Shares Shorted) + +So, by this definition, if a stock is shorted 400% of existing shares (total banana count borrowed and resold 4x) and total shares is 100, short % is calculated like this:400 shorts / (100 shares + 400 longs whose shares are borrowed) = 0.8That is, the normal way we define short % would say it's 400% shorted. S3's way says 80%. + +Knowing this formula, we can work back to what S3 would have said the short % of float was using the normal definition of short % of float:55% short of float means for all existing shares + shorts (or, ont he other side of the trade "longs whose shares were borrowed away to short") is 55/45 as much as existing shares. Meaning, portion of shares short by the normal definition (% of existing bananas borrowed) is 55/45 = 1.22 + +That is, S3's data is telling them that after friday trading, GME is still 122% short. + +\*\* + +Many have pointed out this could be manipulation on S3’s part. It’s interesting to note that as late as the Jan 29th, Ihor from S3 stated most GME shorts have not covered and net shares shorted hadn't moved much at all ([https://twitter.com/ihors3/status/1355246955874701314](https://twitter.com/ihors3/status/1355246955874701314)). Initially on the 28th he claimed short interest float to be $122 ([https://twitter.com/ihors3/status/1354847896173240322](https://twitter.com/ihors3/status/1354847896173240322)). The next day he claimed short interest to be 113% ([https://twitter.com/ihors3/status/1355249817048522755](https://twitter.com/ihors3/status/1355249817048522755)) of float. 2 days later on Sunday, S3 released a report on the calculated short interest to be 55% (oddly their original announcement tweet appears deleted, but found this [https://twitter.com/S3Partners/status/1356392101806800897](https://twitter.com/S3Partners/status/1356392101806800897)), which was confusing to many as this was a big discrepancy in short percentage in a short time. It turned out this percentage was calculated by including synthetic longs into the equation which is a practice that is not standard, thereby yielding a lower short interest percentage of 55% which the media then bandied around before and during market open on Monday. Whether this involved collusion to harm the retail investor I cannot conclusively say as I don’t have the evidence to conclusively make that claim, but definitely something to consider along with all other data points. + +With the possibility of Synthetic Long Shares being used in a fraudulent way, if you care about how this could play out if we force the issue, I would recommend you to follow instructions from this comment [https://www.reddit.com/r/wallstreetbets/comments/lcpwh0/how\_gme\_can\_still\_be\_a\_great\_play/gm2tsnw/](https://www.reddit.com/r/wallstreetbets/comments/lcpwh0/how_gme_can_still_be_a_great_play/gm2tsnw/?utm_source=reddit&utm_medium=web2x&context=3) and call or email Gamestop Investor Relations and ask them to call an emergency share holder meeting to save the company from bankruptcy, as calling this vote means calling shares back to owners eliminating all synthetic stock, and hence taking leverage away from short selling funds participating in fraudulent activity + +If you'd like to read more into the subject here are more solid posts that are related to this subject that I recommend you check out: + +[https://old.reddit.com/r/wallstreetbets/comments/lalucf/i\_suspect\_the\_hedgies\_are\_illegally\_covering/](https://old.reddit.com/r/wallstreetbets/comments/lalucf/i_suspect_the_hedgies_are_illegally_covering/) + +[https://old.reddit.com/r/wallstreetbets/comments/l97ykd/the\_real\_reason\_wall\_street\_is\_terrified\_of\_the/](https://old.reddit.com/r/wallstreetbets/comments/l97ykd/the_real_reason_wall_street_is_terrified_of_the/) + +[https://www.reddit.com/r/wallstreetbets/comments/lanf94/gme\_is\_a\_time\_bomb\_and\_its\_highlighting\_a\_severe/](https://www.reddit.com/r/wallstreetbets/comments/lanf94/gme_is_a_time_bomb_and_its_highlighting_a_severe/) + +[https://www.reddit.com/r/wallstreetbets/comments/lag1d3/why\_gme\_short\_interest\_appears\_to\_have\_fallen/](https://www.reddit.com/r/wallstreetbets/comments/lag1d3/why_gme_short_interest_appears_to_have_fallen/) + +[https://www.reddit.com/r/wallstreetbets/comments/l9rk78/sec\_doj\_60\_minutes\_public\_data\_suggests\_massive/](https://www.reddit.com/r/wallstreetbets/comments/l9rk78/sec_doj_60_minutes_public_data_suggests_massive/) + +[https://www.reddit.com/r/wallstreetbets/comments/l9z88h/evidence\_of\_massive\_naked\_short\_selling\_fraud\_in/](https://www.reddit.com/r/wallstreetbets/comments/l9z88h/evidence_of_massive_naked_short_selling_fraud_in/) + +[https://www.reddit.com/r/wallstreetbets/comments/lbydkz/s3\_partners\_s3\_si\_of\_float\_metric\_is\_total/](https://www.reddit.com/r/wallstreetbets/comments/lbydkz/s3_partners_s3_si_of_float_metric_is_total/) +"**Oil consumption may never return to levels seen before the coronavirus crisis took hold, BP said in a report on Monday.** Even its most bullish scenario sees demand no better than “broadly flat” for the next two decades as the energy transition shifts the world away from fossil fuels." + +https://www.japantimes.co.jp/news/2020/09/14/business/bp-oil-demand-growth/ +It's here! + +Find below the link to the AMA with Robbie Ferguson, President and Co-founder of Immutable X. Thanks to you all for the great questions, and to Robbie for being transparent and insightful. + +**Youtube Link:** [https://youtu.be/UKQQ3KCiKbI](https://youtu.be/UKQQ3KCiKbI) + +and dare I say.... please like and subscribe away. Please note, *Superstonk Official* is a non-monetised channel. + +**Transcript:** + +[https://www.reddit.com/r/Superstonk/comments/smp57i/transcript\_ama\_with\_immutable\_cofounder\_and/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/smp57i/transcript_ama_with_immutable_cofounder_and/?utm_source=share&utm_medium=web2x&context=3) + +**Initial Request Post:** + +[https://www.reddit.com/r/Superstonk/comments/skiyk8/ama\_with\_robbie\_ferguson\_cofounder\_and\_president/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/Superstonk/comments/skiyk8/ama_with_robbie_ferguson_cofounder_and_president/?utm_source=share&utm_medium=web2x&context=3) + +&#x200B; + +&#x200B; + +[Credit to u\/bradduck\_flyntmoore](https://preview.redd.it/0v3ejk0onbg81.png?width=920&format=png&auto=webp&s=80a4dff140352b7b4dbbc3669833c80004ac7ee8) +News is trickling in on this right now (gaining steam on Twitter), looks like mainstream sources haven't picked it up yet or are downplaying. Here You can find DMSA's press release, [http://www.dmsa-agentur.de/pressemitteilungen](http://www.dmsa-agentur.de/pressemitteilungen) + +From what I gather, a $148 million offshore bond payment due "today" still hasn't been paid, triggering formal bankruptcy proceedings against the company. I believe that the deadline was midnight in China timezone, and the press release was filed right around there. We cannot know for sure if a last-hour payment was made at this point until confirmed further. But if this is all true , it could have some pretty strong short term shocks for the market. + +For now treat this with a grain of salt until more verification and information. Either way, buckle up. + +**EDIT: English Press Release** [https://www.prnewswire.com/news-releases/evergrande-officially-defaulted---dmsa-is-preparing-bankruptcy-proceedings-against-evergrande-group-301421327.html](https://www.prnewswire.com/news-releases/evergrande-officially-defaulted---dmsa-is-preparing-bankruptcy-proceedings-against-evergrande-group-301421327.html) + +**EDIT 2: Section of note:** + +"Particularly problematic for Evergrande: all 23 outstanding bonds have a cross-default clause. "This means that if a single one of these bonds defaults, all 23 outstanding bonds automatically have 'default' status" DMSA senior analyst Metzler knows. However, this does not automatically result in a bankruptcy for Evergrande Group. To determine bankruptcy, a insolvency petition must be filed with the court. This can be done either by the company itself or by one or more of the company's creditors. And this is precisely what is now planned. Metzler: "DMSA is preparing bankruptcy proceedings against Evergrande. We are already holding talks with other investors in this regard. We would be pleased if other investors were to join our action group." + +**edit 3** Now mainstream media is reporting conflicting info that the bonds have in fact been paid according to Clearstream. +Now I will admit, I am a very smooth brained ape that has been holding GME for nearly 6 months (what a ride, right?). + +I'm sitting here having my cup of coffee and I've been seeing an awful lot of talk saying "this could be it" or "it's happening", the thought then popped into my head that if any form of squeeze happens within the next week then I assume its because the Hedgies want as many people to take profit and sell their shares before the MOASS actually starts. + +The sittuation with GME has been minorly predictable since I invested back in December, well, the Hedgies tactics have been anyway. + +Im not saying any sort of squeeze will start before the meeting, all I'm saying is if the squeeze does infact start withing the next 3 days then it is because the Hedgies wanted it to, not because its time. + +Buy, Hold and for the love of all things good in the world, if you havnt voted but you can, please do it! Voting honestly takes less than 3 minutes to do, it's super easy and every single vote counts so please do your bit. + +If your friend drives you around 24/7 because you don't have a car and you never offer them petrol money then you are taking advantage of someone trying to help, your just tagging along for the ride without offering anything in return, this is what having the ability to vote but choosing not to do it looks like. So again I say please vote! + +This is in no way financial advice, I'm literally just sitting here with a cup of coffee and a cigarette venting my thoughts and my opinion to a community I truely love and who has already changed my life. + +Apes together strong! 🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍🦍 + +Oh, I almost forgot:💎🙌💎🙌💎🙌🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀💎🙌💎🙌💎🙌 +Nithin has announced that Zerodha started allowing users to SIP into ETF's and/or stocks by creating a "basket" (which I found very similar to smallcase). + +&#x200B; + +[https://tradingqna.com/t/now-set-up-sips-on-stocks-and-etfs-on-kite/99464](https://tradingqna.com/t/now-set-up-sips-on-stocks-and-etfs-on-kite/99464) +Okay CMS, let’s sit down and chat for a moment. How many of you have gotten rugged here? I know I have. Four times. Why are you still here, scrolling through the hot posts? Because you believe you can find a low-cap market gem? They are few and far between. Thankfully, i have emerged from the bamboo forest to share with you my experience with PinkPanda. + +&#x200B; + +For my part, I found PinkPanda after getting rugged. I was messaged by a dev of PinkPanda, who had also been rugged by the same coin. I was skeptical, naturally, but decided to see what the project was all about. I was immediately drawn in by the transparency of the team. They were active and constantly giving updates. Before launch the founder was doxxed and now holds regular informal AMA’s in the telegram chat. I came to trust this team fully. + +&#x200B; + +Not only did the team earn my trust, but the project as well. I was impressed when the roadmap was revealed. It was not a generic roadmap, or a roadmap built completely on marketing and hype. Of course marketing is a big part, but this isn’t a meme coin being pumped by social media influencers. This is a real investment with a real use case. And the team continues to quickly deliver on roadmap goals. The mobile app and an update have already been released, less than 3 weeks since launch. The leveraged DEX that is coming to the mobile app later on is going to be an absolutely game changer in the BSC world. + +&#x200B; + +Beyond having a convincing use case and well-devised plan for success, this coin also donates to cancer charities. It is a personal cause for a lot of us, and one that further inspires me to write posts like this to get the word out. It is just a fantastic project for so many reasons. + +&#x200B; + +As I’ve mentioned, many have stories similar to mine. Look through the comments on this post and I’m sure you’ll see a lot of them! The PinkPanda community is an incredible group of people… err… I mean pandas. I can say from experience that there is none other like it. This team is building something special and I feel so lucky be along for the ride. + +&#x200B; + +I’ll post some other info about the token below. If you have any questions please jump in the telegram with us. You’ll find plenty of pandas eager to help out! + +&#x200B; + +Tokenomics + +&#x200B; + +\-1 quadrillion total supply + +&#x200B; + +Breakdown: + +&#x200B; + +\-50% burned (500T) + +&#x200B; + +\-20% presale (200T) + +&#x200B; + +\-20% initial liquidity (200T) + +&#x200B; + +\-5% charity and community airdrop wallet (50T) + +&#x200B; + +\-5% dev and marketing (50T) + +&#x200B; + +Taxes: + +&#x200B; + +\-5% of each transaction auto-locked in liquidity on Pancakeswap + +&#x200B; + +\-5% of each transaction automatically redistributed to PinkPanda holders + +&#x200B; + +&#x200B; + +Telegram: https:// t.me/PinkPandaDefi + +&#x200B; + +Twitter:@PinkPandaDefi + +&#x200B; + +Website: https:// pinkpanda.finance + +&#x200B; + +Reddit: r/PinkPanda + +&#x200B; + +Contract: 0x631e1e455019c359b939fe214edc761d36bf6ad6 + +&#x200B; + +Chart: https:// poocoin.app/tokens/0x631e1e455019c359b939fe214edc761d36bf6ad6 + +&#x200B; + +Apps: On IOS and Android, search for “PinkPanda Defi” +About time these slippery devils showed us something. Hiding behind there keyboards. Banning us unjustly. + +Show us your boobs. Or man boobs. + +HORDOR + +SHAKE THAT TREE. +https://www.bloomberg.com/news/articles/2021-06-22/microsoft-rallies-to-join-apple-in-exclusive-2-trillion-club + +>Microsoft Corp. took its place in the history books as just the second U.S. public company to reach a $2 trillion market value, buoyed by bets its dominance in cloud computing and enterprise software will expand further in a post-coronavirus world. +> +>Its shares rose as much as 1.1% to $265.64 on Tuesday in New York, enough for the software company to join Apple Inc. as one of only two companies trading at such a lofty value. Saudi Aramco eclipsed that threshold briefly in December 2019, but currently has a market value of about $1.9 trillion. +I'm used to some contractors looking you over and deciding to overcharge. A project last year we got three quotes for using the same materials and everything was double the next highest on one bid. You could see the disappointment in the guys face when we looked at it and told him we were getting multiple bids, he knew he'd screwed up and we never got a call asking if they'd gotten the job. + +We've had horrible luck with landscape contractors. One showed up while we were out, dug out some shrubs that were not even in the area they were supposed to work on and left. When we called and asked what the hell happened they gave us the run around and we eventually found someone else. They tried billing us for the job they never did the following year and I had to deal with that. + +The latest one was a bed cleanup and mulching job, contract was about 3k more than I expected but I accepted it as they could do it quickly where the other companies were booked until the fall. They came, did an acceptable job but I don't think we got all the mulch we were billed for. My wife was annoyed at the crew just hanging out on their phones when the owner was not on site but it was a fixed price quote so I wasn't counting hours. When the bill came they'd added another 50% with no explanation. I just ignored it, a few days later they took several thousand off and sent a new bill and left me a message asking to talk about it. I pointed out their own contract terms say they have to give notice of changes in cost and they have to be accepted in writing. I'm now getting guilt about them being a small business person, they used more people than they quoted, etc. + +This is the third time I've gotten the same kind of overbilling from different companies and I'm just angry about it. It's feeling like they size me up, decide I'm a friendly outgoing guy with a little money and decide to play the haggle game. In the past I've just coughed up a few thousand to not have to deal with it and I feel like they all just rely on that. + +Can we afford to just pay it? Yes, but it's become the principle of the thing. I'm wondering if they are doing the same thing to people who can't or won't fight it and call in an attorney or make fraud claims. I feel like giving in just emboldens them. + +Curious as to how some of the people here deal with it. Do you just accept it as part of the price of success or do you hold firm and fight this kind of thing? +Obligatory emoji 🚀 + +**Short Version:** +The short version is that a review of the **'strategic fails–to–deliver'** data indicates that institutional insiders may have counterfeited a massive number of Gamestop shares which is why they tried to stop retail investors from buying more shares on Thursday. + +There are are **71 million shares** of GME that have ever been issued by the company. Institutions have reported to the SEC via 13F filings that they own more than **102,000,000** shares (including the 13% of GME stock is owned by Ryan Cohen). That is already 30,000,000 shares more than even exist. + +On top of the shares reportedly owned by institutions, retail investors may currently hold 50+ million shares (counting both long holdings and call options – both ITM and OTM). + +Once you include call options, **retail investors may already hold more than 100% of GME (not just 100% of the float, more than 100% of the actual company)**. This would be definitive proof of illegal activity at the highest levels of the financial system. + + +**Long Version:** +A more detailed analysis by /u/johnnydaggers is here. This chart is also from /u/johnnydaggers: +[Link to original analysis](https://old.reddit.com/r/wallstreetbets/comments/l97ykd/the_real_reason_wall_street_is_terrified_of_the/?utm_source=reddit&utm_medium=usertext&utm_name=wallstreetbets&utm_content=t1_glj2msx +) +Because looking at the price action, it's $14,564 a share now and 2022 was a tough year for me. I had to build this time machine and it wasn't cheap so I have to cover my costs, I'm sorry. + +I will take some of the proceeds and and donate it to the WallStreetBets Museum of Autism on 5th Avenue in Manhattan that opened last week; the original piss-drinking martini glass was amazing to see in person as was DFV's headband. + +It's a bit lonely on earth now that the population has dropped by 9.4m but I will hopefully catch you on the next $TSLA moon flight next week. Can go to the MilkBar at Promontorium Archerusia and catchup on good old times when we used to live on earth? + +&#x200B; + +EDIT: FUCK I ACCIDENTALLY POSTED THIS TOO EARLY - this is a glitch in my faulty time machine and I don't know how to amend, was scheduled to post this for July 2023. FUCK. + [https://www.bloomberg.com/news/articles/2020-07-29/kodak-stock-surge-attracks-43-000-robinhood-traders-in-24-hours?srnd=markets-vp&sref=xTkgnLSf](https://www.bloomberg.com/news/articles/2020-07-29/kodak-stock-surge-attracks-43-000-robinhood-traders-in-24-hours?srnd=markets-vp&sref=xTkgnLSf) + +&#x200B; + + + +Robinhood day traders swarmed to Eastman Kodak Co. shares as the stock rallied 1,600% this week. + +As of 11 a.m. in New York on Wednesday, 43,000 users of the investing app had added [Kodak](https://www.bloomberg.com/quote/KODK:US) to their accounts in some form over the past 24 hours, according to website Robintrack.net, which aggregates data from the brokerage but isn’t affiliated with it. The activity was 20 times more than the next most-popular stock, Actinium Pharmaceuticals Inc. Roughly 27,000 of the additions came over a four-hour span earlier Wednesday. + + + +The growing presence of retail investors has become a popular markets narrative this year with zero commission fees and the potential for entertainment in a world largely without sports or gambling luring a new crop of traders. The impact they have on prices is unclear, but similar buying sprees have erupted in pockets of the equity market, including electric-vehicle firms, shares of companies in bankruptcy protection and increasingly pharmaceutical stocks. Earlier this month, Tesla Inc. attracted Robinhood traders at a pace of [10,000 an hour](https://www.bloomberg.com/news/articles/2020-07-13/ten-thousand-day-traders-an-hour-pour-into-tesla). + +Kodak -- famous for its pioneering work in film photography -- surged 331% to $34.24 as of 11:34 a.m in New York. The rally began after it [won](https://www.bloomberg.com/news/articles/2020-07-29/kodak-shares-add-another-500-as-drug-shift-keeps-boosting-stock) a government loan to assist in the production of a coronavirus treatment. +Hello world, this is the unpaid media news you were waiting for: This post is for people not familiar with the GME situation. + +Headline of the day: GME is up 12.96% on no official news, start asking yourself why. + +Something to think about: If a stock rises or falls, there must be a reason for it. Right? + +So GME is a „dYinG brIcK anD mOrTaR“ and it makes obviously sense if it drops (5%/10%/20%). Right? + +But: Why is a stock trending upwards? I think you agree with me when I say fundamentals or news released by the company. Gamestops fundamentals are sHiT and no official news released today. So why did the stock rise? + +For more information, browse this sub. Ask yourself why a stock rises on no news and try to inform yourself about the stock market and the companies you are invested in. + +Have a good week and don’t forget to DRS. + +See you soon on the moon. 🐒❤️ + +Because you are *challenged* in the best possible way and you warmed my heart today. + +✅"When you got some extra money where it's almost like burning a hole in your pocket, you get fifty grand worth of [options]," says Adams. "You're like, 'f*** it,' I'll buy a thousand shares of this." + +✅ He's lost $400,000 since his portfolio peaked last September, according to screenshots provided to CNN, but remains confident that the market will move back in his favor. “You get a little numb to it," says Adams. + +✅ When asked if they have ever met professional traders, the pair reject the idea that they themselves aren't professionals. "That's what I do for income," says Adams. "So it is a profession at this point." + + + +https://www.cnn.com/2022/02/01/investing/gamestop-meme-stock-anniversary/index.html +Cost of everything up, mortgage payments up, everything still going up. Can someone explain in a basic way how the rba raising interest rates helps me? Someone must be winning and it doesn't feel like it's me. And how does this help those looking to buy a home? Isn't the drop in house prices cancelled out by the interest rates rising? + +Edit: Thanks everyone. I really appreciate the replies and knowledge share. I have to be thankful for what I have though never feels good to pay more for the same. One thing I am really thankful for (and amateur tip)is getting a mortgage/home based on what I would be comfortable paying monthly at 7-8% not what the bank would give me which was a lot more. +>Dear [Boss], +> +>Please accept this letter as notice of my resignation from the position of [job] at [company]. +> +>I will continue to work for the company for the next two months, completing my employment on [date]. +> +>I have enjoyed being a part of the team and am thankful for the opportunities you have given me during my time here. If there are any areas in particular you would like me to focus on during my notice period, please let me know. I'm more than happy to help train anybody to fill this roll moving into the future as well. +> +>I hope that I can rely on you for a positive reference in future. +> +>Yours sincerely, +> +>SingularianNeuralNet + +This was my whole letter. +I was told it was unprofessional by his assistant and that I should have called my boss to talk to him about leaving before submitting a formal notice so he knew why and what my plans are. +My mother works in the same company and she was contacted before me by the assistant to see what my plans are and why I want to quit. (I'm in my mid 20s living on the other side of the country as her and we talk sparsely, there's no precedent for her being questioned in my mind.) I was told he'd be contacting me soon, I gave up trying to contact him because he never responds. + +I sent this late last month and I haven't heard anything from him whatsoever. + +My new job is giving me a sign on bonus and doubling my annual salary so there's no chance I will be staying here at all. I want to know what you guys think and if there's something I should do that I may not know to do. Thanks. + + +EDIT: +- role, not roll. I goofed. +- I didn't actually use my reddit name in this letter +- I work in a high specialty field in a high position. They won't be able to hire someone off the street, thus the reason for the long notice. +- Boss was not contacted before hand because he has not responded to me for over a month prior. Weeks-months at a time without response before that. +- Boss lives and works >500 miles away. Phone/email are the only ways to readily contact him. +- redacted info to be more anonymous +Everyone is making investing too hard when you can buy 2 of the greatest companies on planet Earth at a lower PE multiple than the overall S&P 500. + +FB and Google are two companies people cannot live without. They both can easily grow earnings at 15-20% a year for the foreseeable future and trade at 25 PE or less. If you factor in PE less cash on google you have an awesome valuation. + +Additionally, the true earnings power of these two companies is extremely understated. If you would take out “other bets” and FB investment in Metaverse these companies could spit out way more cash flows than currently seen. + +Would love to see someone like Buffett pick up google in this draw down as he has so much cash and after realizing his greatest investment ever being apple may wake him up to the true market power of Big tech. +Hi everyone, + +I'm curious about some recent meme stocks you know of that have failed to deliver. I'd like to know about those that seemed like they had real potential where there had been several threads that included what seemed like good DD, but the stock either never took off or it decreased in value. + +I ask, because as someone new to trading (long time buy and hold ETF investor though) I see references to certain stocks where I think the DD that others have done leads me to verify their findings and has me interested in investing as well, for example, NUMI. + +What penny stocks lately have had conversational traction with no upward movement in price? +What are your plays for the week? What you buying and selling? What were your best plays? This is an unregulated discussion. + +Remember this is a community to learn. + +**Downvotes are discouraged** + +**Sort by New to find the best daily play** + +Add 🚀🚀🚀 if you serious +For a long term dividend growth portfolio how many stocks do you think is the sweet spot? In how many sectors? How should it be diversified in terms of individual stocks vs REITS vs ETFs? +A lot of wishes and praise for a crash and mentions of an unproductive asset, but imagine saving 100k for a deposit, buying a house because renting is literally shit in this country, then it’s 100k less in two years. + +Is it really that hard to see why people don’t want their most expensive purchase in life to tumble in value? + +It’s getting really annoying seeing the “haha! Stoopid homeowners, I’m gonna buy ya house off you in 2 years time because you can’t afford the loan anymore!!! Yeah, baby! Bring on the crashes!!!!!”-posts. + +Anyway, downvote me into oblivion, just thought I’d share another opinion. + +*EDIT* A lot of replies saying “you own a house, so what if it’s worth 50% less in 10 years? You don’t lose anything unless you sell” + +All the people that bought before 2019, yeah, I get your point. They all got huge capital gains. They can stand a few bucks off their net worth. + +I’m just saying if you had to borrow 600k, when if you had waited for a year, and you only had to borrow 400k, making your 30 year mortgage a 15 year mortgage, that’s 15 years of unnecessary repayments that you could’ve had another kid with/seeing the world, spent on your life somehow, or whatever. + +That’s my point. +My metamask wallet number is 0xc97603fc31d6e96C2A145EC44B369d5263470279 + +Some bustard who tricked me into clicking on a dodgy link (pretending to be tech support for SNX on discord) has taken half my wallet so far (about $130k). The rest is still there but disappearing slowly in front of my eyes. + +You can see all the transactions from this morning how he/she is cleaning up. + +Unfortunately there doesn't seem to be anything I can do other than jumping on the occasional ETH transfer they are making in so I can sweep it out. + +The only reason I haven't shared my secret phrase with the whole world is a quiet hope I might one day get it back. But if that's never going to happen maybe I should share it with you all. After all it would amuse me if someone else steals it before @scofield#0471 takes it all..... + +EDIT: + +I can see people asking why am I not moving the coins out. The answer is I really, really, really tried. +However there seems to be script which instantly transfer the coins to a different wallet, no matter what I type in for gas fees or the address. So far I failed on ALCX, on YFI, on SLP, on AAVE - so I have given up as I don’t know what to do a setting up a script myself is beyond my abilities. Whenever I add in ETH, all it does is makes its easier to the bastard to take my coins. So all I can literally do is watch right now. + +SECOND EDIT + +I was sent a link to a site which was going to validate my MM extension. The site looked real enough that I clicked on it and entered my security phrase. That was where I suddenly blew up 6 years worth of HODLing in one go…. + +THIRD EDIT + +Normally I am hyper sensitive to security and very very wary of online support from strangers. However, due to a rare combination of sleep deprivation from staying up late to watch the Euro 2020 final, and not paying attention when I should have I made the fatal error of falling for what is now obviously a elaborate con. I’m so used to clicking approve on Defi sites to connect to wallets that my guard has as down and this looked genuine enough. + +By the time I realised what was happening it was too late. I logged into MM from a MacBook as my original wallet was on pc, but it made no difference. They initially took 8 ETH, some sushi and old GNT I forgot to convert. With no gas fees the raid stopped. So I thought I would be quick and add a little gas and try and take some out. That didn’t work - no matter what I big in gas fees it was either immediately outbid (lost my aave and STETH) or accepted and went to another wallet which I didn’t recognise (lost my ALCX there). Later the fucker started liquidating my assets and put gas in to do this. I managed - and this was through the most frantic clicking and accepting any fucking gas bid at the highest price to transfer out the ETH to a separate wallet. I managed to get some out which slowed the attacks as there was no ETH to pay for the gas. This would happen every hour and I managed to get about 0.05 ETH LOL + +This was totally my mistake and not due to SNX, who to be fair, warn you not to do what I did. But I was tired, had sent a message to their tech support sub and instead of reading the warning, ignored it like a noob so yeah - I own this and it’s my fault. + +To those of you who think this is fake, I hope it never happens to you. I had to take a day off work to watch this slow motion disaster - I am sitting with a sick feeling, with pounding chest and periodically start tearing up which I can only assume is a slow motion panic attack. I have told my wife who is understandably shocked. When it all goes, I get to tell the rest of family that I got fucked over through ONE SINGLE LAPSE OF JUDGEMENT. + +I posted this as a warning to the bulk of the community who could just as easily have fallen for the same + +I used to look down on exchanges but they all look safer as least they have 2FA which MM lacks. + +I’m pretty much done now with believing crypto will only change the world for the better and for the first time have been thinking, bring on more fucking regulation and make every wallet linked to an ID - that way one day I can find out the bastard who cleaned me out and will spend what I have left on justice. + +FOURTH EDIT + +Thank you so much to everyone for their sympathy and support. To those of you telling me I’m dumb /stupid / foolish for so much holding on MM, thank for the comments but after the first 100 I stopped reading them as they get dull quickly. It was a mistake to leave so much on MM and with hindsight, the fact that my ledger wasn’t letting me connect to some Defi sites was an obvious flag rather than an obstacle. + +So since this afternoon, I was recommend the flashbots service on discord by some of you. With some (read massive) trepidation about using discord again, I posted my details and one of their whitehat guys Alex got in touch. + +I won’t give all the details for now as he’s still on the case but he already rescued just over 40 steth that was staked on curve as a ETH/STETH LP pool. I’m overjoyed as that’s $85k that I had written off now back (and in a ledger before any of you ask). + +I’m hopeful as to what happens to the remaining $35k but it already feels like a fuck you to the thief. + +Thanks to those of you who told me some of my stolen money may have gone to kraken, I’m messaging them so I hope they can freeze the money and if I’m lucky even help ID the counterpart (not holding my breath though as I don’t know ifs it’s real and whether they will help or not). + +With respect to the site I clicked on, DM if you really want to know but I left it off here in case someone else clicks on it and makes the same mistake I did. I’ve got in touch with the domain hosts to ask for their help in identifying the thief. + +Obviously it not the best day in the world but feels a hell of a lot better than it did a few hours ago. + +FIFTH and hopefully final edit + +Thank you to everyone who has sent positive messages of support, both below and in the chat. They have really helped, especially at the start when I was super stressed with indescribable feeling of watching my account get emptied in front of my eyes and being powerless to do anything about it. The (useful) advice from people was helpful and I am especially thankful that the flashbots teams was recommended. + +Alex has been been awesome. After he verified that the account was actually mine he stepped to stop the bleed (and I appreciated the fact that both the groups on discord and even this sub want to fact-check this to make sure it’s not a scam or a lie to flame someone). He set up a burner to remove incoming ETH which meant the thief couldn’t take more as there was no gas on the account. He then started to work on moving out the remaining coins to a safe wallet. At the time of writing he’s retrieved 117k from the 120k that was left (using this mornings prices). There’s a bit left which will hopefully come over but given how much was taken this am, that’s a rounding error on what I lost. For those of you who need his details DM or wait as I’ll edit one last time and add his Twitter account when this is all over and I’m calm. He has been amazing and whilst they ask for a modest fee it’s well worth it. + +Thanks to Kraken for reaching out and apologies to SNX if it looked like I was blaming them for my mistake. Hopefully Kraken can help but I’m also going to message a lot of the other exchanges too - anything I can do to make the money hard to get for the thief will make me happy and maybe it might even get him caught (but really not holding my breath on that). + +For those of you who keep wondering (1) no, I am not doing this for moon farming as making a few dollars and getting karma in no way makes up for a hit, (2) this isn’t a new account. I’ve been on Reddit for years but am usually silent as the chats can get poisonous quickly, (3) even I knew it was risky leaving so much on a hot wallet but I have used MM for a long time and found Ledger to be challenging with some Defi. I really wish I had been more careful but that’s done. I don’t blame anyone other than myself and the bastard who stole my coins but wish MM had 2FA which would have killed this or a way to hard freeze your account instantly which again would stop the bleed and work out a recovery and (4) for all of you who are sitting on your high horse lecturing me on how dumb this is and why you should never use your private data online - I fully understand and agree with your point of view, as YESTERDAY I would have been like YOU safe in the knowledge that nothing like this would ever happen to ME….. + +It’s been a hell of day but I’ll be fine with time. + +SIXTH AND FINAL EDIT + +Okay so it been a surreal 24 hours. For those of you who want the full sequence of events it’s basically this. + +I have a few different accounts but started using MetaMask heavily in recent months. Basically because Argent was heavy in gas prices and my ledger didn’t always connect to some of the DEFI sites I stitched to MM. Thanks to a run up in crypto market valuations, and some small trades and staking, the $20k was playing with 6 months ago in the hot wallet had became around $250-260k yesterday. + +My first mistake was leaving such a large amount on MM. In fact I had been actively considering moving some of it but with hindsight waited too too long. At times gas prices on ETH have been insane and was my pure bad luck that yesterday was one of the cheapest days around where tx were a few dollars rather than $20-70 which I’d seen in previous weeks. Trying to save a few hundred bucks turned out to be a very bad decision. + +With hindsight, I wish I had got up and gone to work and the worst that would have happened would have been feeling deeply disappointed by the England performance the night before. Instead I went on to make one of the most expensive mistake of my life. + +I decided that yesterday I would finally get around to messaging the help desk at the discord chat for SNX and ask if they could help me with some SNX I had deposited there on the L2 wallet. The problem was, that I was able to see the amount of SNX on their Optimism mainnet which showed SNX token only but not but not my ETH, whilst the Ethereum mainnet showed my ETH and other alts but not the SNX tokens. + +I went to the sub and asked for help in the chat. Got no response and tried a bit later. That time I got 3 people replying in private chats each claiming to be from SNX. Whilst the SNX sub warns against this, I was tired and assumed that maybe it was like some of the other subs where people can advise you if the mods are busy. + +To my misfortune I replied to the scammer explaining the problem. He basically told me my MM wallet wasn’t syncing back to the network and I should validate it. That sounded plausible given I couldn’t see my total balances and also in recent weeks I’ve faced a glitch as time where the wallet balance comes up a zero for up to a minute when I first open it so thought maybe he’s right. + +To help, he sent a link to quite a detailed looking site which looked real enough and unfortunately, thanks to weeks of linking random DEFI sites to my MM wallet I had become unfortunately desensitised to connecting to random pages and accepting connections to my wallet + +When I tried the link on the fake site, it wasn’t working apparently so Scammer suggested I try again. This time, I figured maybe I should try the option to connect to my wallet by entering my private pass phrase. + +Yes I know it was dumb NOW + +Yes I realise it’s my fault. + +I’ll live with this expensive mistake for a long time. + +A strange set of events in which I was super tired, not nearly alert enough and my warning radar was off meant I went for the most basic and simple phishing scam. To those of you on your high horses laughing about how this can never happen to you - good luck and I hope you carry on living perfect lives in which you never make a mistake. + +A few mins pass as the scammer is still engaged on the discord chat explaining it will take some time. He then causally asks me if I have a ledger and want to sync that too…. + +At that instant, I suddenly realise what I’ve done and get a cold sweat. Why the fuck should he ask that unless…. + +I check my MM wallet on zapper.fi and see that the wallet balance has suddenly dropped. I’m now missing $20k and a quick check shows my 8 ETH, some sushi and some Golem which I had are gone. + +I start to get super angry that I’ve lost 8 coins. After a few mins I calm down and suddenly realise that the only reason I haven’t lost more is there is now zero ETH on my account so no way to do more transactions. + +It’s likely that he must have set up a copy of my wallet on his pc and started emptying it out. At this stage I’m becoming less angry about what’s gone and becoming deeply worried about the rest. + +I send frantic emails to MM which aren’t answered until late in the evening and the next morning (which basically tell me there is nothing that can be done in my case and be more careful next time - thanks guys, will never be using you again.) + +At this point, the major weakness of MM finally hits me. Forget the convenience, if all goes wrong I have literally NO way to stop any transactions (hell they don’t even show in my wallet but I can see them on zapper) or freeze the account. Consensys may have built a nice chrome extension but it’s useless if there’s a problem. + +At some point I look up and see that more of my coins are disappearing. 20 odd STETH suddenly disappearing is especially painful. I check on zapper and can see he is putting in ETH to put up gas fees to move stuff off the Defi sites and liquidating my coins and moving them out. Now I’m actively watching the account on zapper. Whenever I saw ETH come in I tried to first move the coins to my ledger but every single time it just goes to another unknown wallet. WTF? I eventually understand that they have copied my account on a different pc and are probably running a script to automatically outbid me. I had watched my one YFI go - that hurt as I had spent a BTC on it lol. I watched my 104 ALCX go - another 15 ETH gone in smoke. + +My whole accounts looks fucked and all I can literally do is watch…. + +Around this point I send my first panicked message to Reddit that I was down 130k and likely to lose the whole lot. I figure maybe between the likely ridicule and crap I will get, maybe I will get lucky with some help. + +In the meantime all I can do is try to run slight interference by trying to move some of the ETH that the thief was adding to another account. Strangely moving ETH to another wallet appears to be the only coin I could impact. When I can moved it I try and run a tx and cancel it with a high gas fee to disrupt the ETH balance and screw up his transfers. This slows the bleeding but it’s not over and I don’t know what I can do. I read messaged here about trying other pcs, logging out of MM, I try it all and it does no good and makes me more stressed that the scammer might be stealing more when I’m not watching. + +When I first posted on Reddit I was down about half with the remaining amount staked on curve (alcx/ETH LP, zrx/ETH LP, ETH/stETH LPs) which was around 120k. Don’t know why they were last to go but thank god they were there. + +In between the usual trolls and assholes calling me a liar, there were messages of support and some very helpful suggestions on then flashbots discord sub (initially sent to me by the SNX subs). + +I messaged flashbots and Alex from there got in touch. I gave him full info and access to my ex to verify it was mine). Even he commented that I shouldn’t do this (lost track of how many times I heard that yesterday) but as my account was already compromised I had to trust it would be okay as without it he couldn’t do anything. + +He explained that he would first set up a burner so any ETH coming in would be immediately burned leaving no gas for transfers. This was quickly set up which closed the gate on the thief for the short term. + +For those of you checking the wallet history you can see some incoming ETH which then immediately is removed - that scammer’s ETH he’s wasting now. I didn’t want to alert him as to what was happening, so there was minimal mentions of this on my posts to Reddit, which I was still checking as this forum sometimes has some very useful feedback and suggestions. + +Over the next 8 hours Alex managed to move the remaining balance to a hard wallet and basically recovered all of my remaining balance minus some dust and dai staked on alchemix which I can’t get back so it’s all there which was around 117k out of 120k. I don’t know how he did it - if you really want to know go to discord and ask him - but I am overjoyed that he did what he did. It’s amazing for both his stepping in and spending hours to save this and no less for his 100% total honesty and integrity. If he had moved the coins elsewhere and told me it was the original thief I would never have known. + +In the end I’ve lost about 55 ETH and saved about the same (values were all over the place as the market tanked in the evening). + +I didn’t post for moons or karma. I posted as a warning and for help and I’m glad I did. I would never have found the courage to trust flashbots without it. I would not have been alerted to the scammer using Kraken to deposit the stolen coins. + +To those of you who offered financial support/crypto/gofundme, thank you so much but there is really no need. Alex has saved a big chunk and I will be alright. Losing this amount of coins thanks to a scam is painful but if I couldn’t stomach large swings I wouldn’t have held on for years - if I can live through a few 80% drawdowns in BTC and ETH and recover, then I’ll come back from this okay (however for a while I will stop measuring my crypto value in $ rather than #coins lol). + +Thank you very much to everyone who offered emotional support and well wishes. They are very much appreciated and more than make up for the large number of trolls and morons who like to throw around shit. Please don’t worry about me. My wife, whilst initially shocked and upset, is fully supportive and I have every confidence I will do really well (especially after EIP 1559 and later ETH 2.0) + +To the libertarians, outraged that I’ve swung to side of more regulation, I want to say that I still believe that you should do what you want - legally. It doesn’t have to be totally anonymous - hell half the problem with the current version of the internet is anonymous trolls venting lies and crap everywhere. + +For crypto to go truly mainstream you need some degree of safety and the ability to follow up and prosecute crimes. Watching some c*** screw me over in real time was an infuriating and humbling experience and definitely made me resent the anonymity of the scammer….. + +BTW for those of you who go on about being your own bank good luck and come back to the real world where actual banks are regulated and safe (unlike the current Wild West of crypto Defi) and remember many of us don’t want to be our own bank. I never thought about being my own bank and bought coins like ETH for other reasons. I like the blockchain and the crypto space as they are exciting and disruptive ideas that will hopefully make a new version of the internet in due course and change the world. However like the internet 2.0, no matter how it starts, eventually governments will step in and more regulation is coming. + +Mr scammer, I’ve already reported you to a bunch of exchanges where you seem to be staking your stolen coins and even if I can’t get you immediately, your records are permanently there on the blockchain and one day you will be fucking found…. + +Finally thanks again to Alex! + +For those of you who asked about him, his Twitter handle is @amanusk_ + +Check him out, he’s a true legend and a gent. +I have been pondering a conundrum that i can’t get a straight answer to but I’m guessing someone here knows (and has lived it). + +I’m currently making $600-700k at a mid to “senior” level product leader at a FAANG (big tech). I feel I have hit some sort of glass ceiling even though I’m a top performer (based on metrics/revenues). I have noticed that folks that move up to Director+ and make > $1M are not necessarily the highest performing. I’ve seen some folks get promoted who miss all of their key metrics but still somehow move up. + +So the question is — what is going on? The party line is you drive impact (revenue) through objective metrics , be a good team lead , mentor others etc. My observation is that is not true in reality when going past a certain level. + +What is actually going on behind the scenes when folks get these promos ? +I have finally convinced my father to invest in mutual funds. He had around 10 lakh lying in his savings account. He is willing to invest 5 lakh out of it. He is 57 years old and will retire in 2024. + +I just wanted a few questions from the fellow investors here, so that I don't waste his hard-earned money :) + +1. For him, which mf's are more preferred Debt or Equity? +2. Will lumpsum would be better or SIP's? If SIP's are preferable, how much he should invest monthly? +3. How diverse should be his portfolio? I am thinking of investing in 3 funds. Is it enough or should I further diversify? I have picked these funds are reading some threads here. + 1. Parag Parikh Flexi Cap Fund + 2. UTI Nifty Index Fund + 3. HDFC Sensex Index Fund +4. Lastly, Is it a good time to invest with the whole COVID situation going on in India? + +Any other suggestions from your side are welcome + +Thank you + +Edit - I just want to clarify, we are looking to invest for the long term, 10-15 years down the line. Even though my father retires in 3 years, we have enough liquidity to manage our expenses. in short term. +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) + +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. +Could be tomorrow, could be next week. But we are so close, everyday is exciting!!. + +The rest of this post will be filler content: + +My name is ken griffin and I kill the American dream. My name is ken griffin and I enjoy mayonnaise. My name is ken griffin and I am a financial terrorist. My name is ken griffin and I smell. My name is ken griffin and my wife divorced me for cellar boxing our relationship. My name is ken griffin and I screwed up with GameStop. My name is ken griffin and I will soon be liquidated. My name is ken griffin help me. +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/EKU2tVBp9u) +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). +We are in tech and expect to set aside 400k every two years for investments on top of what we have already. I'm familiar with advanced pricing concepts for securities and tech startups but not real estate. For what we have and expect to earn, what type of real estate would you recommend and why? Also, what are the most common pitfalls? + + +As far as time commitment we have a lot of flexability. +Alright CMS, no more emojis (except the palm trees), no more pandering to the lowest common denominator. We've tried that and it didn't work. Why? Because we are uniquely situated here on the BSC. How you ask? We are a real project with a real use case. No pump and dump; just a viable currency that is going to change the travel industry as we know it. + +&#x200B; + +Upcoming Catalysts + +While the company will speak for itself once registered, we cannot deny our roots here on the BSC and we know nothing attracts new money like green candles. Here's what we've got for you in the upcoming days: + +&#x200B; + +Partnership with well renowned marketing agency, Lemonade. There is a press release on Yahoo Finance, Business Insider and Newswire (see links below) with more to come over the next few days. For those who don't know, Lemonade has extensive partnerships with big names like Facebook, TikTok, Salesforce, and many others. Lemonade have already secured videos with 2 YouTube influencers, the names and dates of the video promo will be announced soon to kickstart this official partnership with Vacay. + +&#x200B; + +As mentioned, Vacay is registering as a legitimate company in multiple countries, which has too long held it back from eager investors with real capital just waiting for this very moment to jump in. If I were you, I'd want to get in before the boomers with real money figure out how. Not financial advice, just some food for thought. + +&#x200B; + +Dozens of partnerships and letters of intent across the car, yacht, plane and villa rental industry. Letters of intent from hotels, restaurants and bars also included. Some of these are already uploaded to our website, more will be visible to you in the coming days and still more to come as we expand our network. + +&#x200B; + +Recent appointment of Joe Podulka as our CFO, Joe was the Head of Finance for PayPal's European operations and brings a wealth of knowledge and contacts in the finance industry. + +&#x200B; + +Tokenomics + +&#x200B; + +Original Supply: 1,000,000,000 + +50% Burn Before Launch - Current Supply: 500,000,000 + +3% Transaction Tax: This tax is sent directly to Liquidity + +Please note that our token has a relatively low supply and is NOT deflationary! + +Staking will be coming in a future update. + +&#x200B; + +Where Can I Buy Vacay? + +&#x200B; + +Contract: 0xA3424FB48b9FA2FF8D3366eD91f36b4cDa7cAdd8 + +TG: [https://t.me/vacayfinance](https://t.me/vacayfinance) + +Website: [https://www.vacay.finance/](https://www.vacay.finance/) + +Press Releases and other information can be found in the Telegram chat. +After a series of losses in my early trading career, I thought I'd be humbled enough to realize that any gain is a good gain, no matter the trajectory of a stock. Even after being in deep red earlier this year, and finally realizing some profits, I can't help but think about the "could haves". + +I need to realign and shift perspectives, even though I know that's the path to heavy losses, how do you guys deal with? + +&#x200B; + +Edit: damn, this blew up, I really appreciate all of the advice in this thread. You guys are all amazing people. Thank you, +Having not been through a recession before with stock investments - are any of the longer term investors able to share insights to what they have done before during a recession? + +Cut losses and wait for the lows? +Ride the wave? Wait for a rebound? + +Any information would be great! +Finalising the design with our architect, about to file for a permit (floor plans here, architecture here). Here's what I got so far, layout wise: + +&#x200B; + +* master bedroom with walk-in wardrobe, large bathroom with detached bath and sauna, private terrace with outdoor hottub +* second kitchen hidden behind the main one +* gym and playroom +* my mancave, with a private terrace +* 3 kids bedrooms, 1 guest bedroom, laundry room, wardrobe room, technical room +* two car garage + +Is there anything you would add? Any technology creature comforts / amenities I should be considering at this point? Stuff like smart home solutions, house-wide sonos setups, etc. +This one goes out to all the new/young investors out there. **BE PATIENT with investing.** + + +Waiting sucks gorilla testicles doesn't it? I get it, being stuck in your current financial situation when you feel like you have the ambition and the knowledge to go further is one of the most agonizing experiences imaginable. But it's NOTHING compared to the agony you'll feel if a deal goes south. I studied Real Estate for six years before I bought my first property. You don't have to wait that long, I was going through a divorce, I'm just saying you have time. + + +* Take the time to get your spouse comfortable. +* Take the time to build up a proper emergency fund. +* Stockpile cash and wait for a good buyer's market. +* Take the time and find the right property. + + +**On average I find I look at 100 properties on line, view 25 properties in person, & offer on 5 before I finally get one that works out.** + +&#x200B; + +Good luck everyone. +[Link to article](http://www.aei.org/publication/warren-buffett-wins-1m-bet-made-a-decade-ago-that-the-sp-500-stock-index-would-outperform-hedge-funds/) +This is just for discussion so that most people can obviously reaffirm their joy in investing and saving. + +Mine is pretty simple, ever since I had a PPF, I have always managed to utilise the full threshold and it brings me great satisfaction every time I sit to take stock of my finances. So, what's yours? +I’ve been digging around in the catacombs below Castle Greythetaskull. I came across a great thread on PMCCs from earlier this year, and most of the users involved are still active. I’m activating the thetasignal in the hopes that some of our heroes will look into the sky and drop a line or two this weekend if they find the *time*. + +Here is the thread: [a discussion on managing PMCCs](https://www.reddit.com/r/thetagang/comments/mlq5q0/pmcc_setup_non_ttmethod/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + +I’ve read through the comments several times and I regret that I wasn’t a part of the discussion then, and over time, it has gained value. So I’m forced to roll the thread out in time to today to avoid taking a loss. + +u/viciousphilpy I’m calling you out! You talked about a strategy in the comments along these lines: + +You roll out your short options when they are challenged until your long expiration and sell a strike below your long to create a DITM call debit spread, then use the proceeds from the sale to finance a new long option. Doing this several times gives you several short options that profit when the stock price falls. + +I have been looking for good thetagang strategies that efficiently profit from the downside, and I’m really intrigued by this one. What ratio of short spreads to long options would be ideal? I guess it could depend on the long term outlook on the stock. What are the downsides and pitfalls of the strategy? + +I’ve never liked the delta mechanics behind poor man’s covered puts. Could a delta negative calendar spread using calls (like a PMCC, but inverting the delta) be profitable long term with a stock on the decline? + +In another archive, [building a portfolio out with PMCCs](https://www.reddit.com/r/thetagang/comments/n52vu0/building_a_portfolio_out_with_pmccs/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) , u/calevonlear mentions selling ATM for PMCCs and rolling to ATM at 21 DTE. I’m attracted to your methods, Mr. Von Lear, but I’m a little cautious. I’ve been selling weeklies for PMCCs and I’ve just had to roll out to September on a low-IV stock. It seems like there would be a lot of management in that strategy, and it could get away from you quickly. For those thetagangers selling calls ATM, could you share some experiences and give us insight on why you choose ATM instead of OTM? Do you still sell ATM if it is below your cost basis? + +Thanks for all the info you have already enlightened us with. +Reference price: $0.558745 + +[Data will be sourced from CoinGecko](https://www.coingecko.com/en/coins/stellar) + +**FILTERING CRITERIA: 1w, USD, Linear Chart, Close Chart** + +Winning results will be based on the price **at 12 pm PDT on May 10th.** Results of the prediction will be revealed **between 11:59 AM PDT and 11:59 PM PDT the day after the prediction date.** + +[View Poll](https://www.reddit.com/poll/n43upm) +I have lived in my place for 3 1/2 years. I am a damn good tenant. I pay my rent on time, take care of the rental, and never ask for anything. My landlord is a lazy bum and everyone in the property hates him. + +I took a huge income loss over the past couple months due to Covid. I've been lucky enough that I was able to get various forms of assistance from food stamps to a grant from my work to energy assistance. I found out I was eligible for rental assistance so I applied. I received a message from the housing authority on Aug 12 that they were going to proceed with my application but they would need some forms filled out by the landlord. + +The problems started with him right away when I told him that I had papers for him to sign. First, he actually questioned the validity of the application. I said it's from the state, the housing authority. Then he made multiple excuses for not filling it out from "the library wasn't open for me to print" to "I don't know how to answer some of these" to "I don't normally fill these out unless someone is in arrears." Just friggin shut up and fill it out. + +After several weeks of excuses, I knew time was ticking and they'd wind up withdrawing my application. I emailed the rep from the housing authority that I had been working with and told her that on numerous dates, I contacted the landlord and he has been non-compliant. I left his name and phone number. + +The housing authority called him and told him he needs to comply. So he came by that night and filled the papers out, of course, complaining the whole time. I submitted everything the next morning. Within hours, i got a response saying I was granted the max of $2000 in rental assistance and is being deposited to my landlord within a few days. With the subsidy, my rent is going from $750 to $250 for the next 4 months. I'm being laid of next week but got hired for my dream job and am starting the week after. This rental assistance will help tremendously while I transition jobs. + +Thanks for the gold! + I have acko insurance for my current (quite old) car just because they were offering very cheap rates. But I don't have any actual experience with them regarding claims and such. + +I booked a new car recently and acko is literally half the price of what the dealership is offering, so I was wondering if I should go with Acko... + +Do any of you guys have any claims etc experience with Acko and would you recommend it for a new car? + +Also, what is return to invoice add-on? Will it pay me the full invoice amount even if IDV is lesser than the invoice amount? + +Is engine cover add-on worth it? + + +Thanks +Does anyone have stories to share that can help some of us be on the lookout for potential missteps in the future? + +Was it a wild spending spree? A bonehead husband ruining a marriage?Too much gifting they resulted in the retiree going back to work? + +I know there are celebrities that had it all and blew it but I’m curious about normal people and their situations. +Hi all. + +So everyone, including my older extended family members of mine have been encouraging me to move out. I have an immigrant mom who is just another level insane, similar to a lot of the moms described in /r/asianparentsstories. A few examples is she won't let me see a gynocologist, get my wisdom teeth removed, she herself refuses to get boosted and barely got the vaccine by getting J&J, cries when she doesn't get her way, and during really awful situations when she hears sometime she doesn't want to hear, will cry and ask me or my dad to kill her lol (a lot of south asian moms are like this). I am also not allowed to date people who aren't indian. She also gives the silent treatment a lot which is the worst, not to mention she is a hoarder and even my neighbors have expressed concerns. I have a decent relationship with my dad but he just chooses to tolerate my mom and stays silent. + +I just graduted from uni this past June. I was going to apply to grad school my senior year but was too busy helping my parents find jobs after they both lost their jobs as a result of the pandemic. I graduated with a dual degree in poli sci:ir and global health. I had a very difficult time getting a job and just got one this month. I probabaly applied to around 120 jobs and only heard back from 2. I knew what I was getting myself into when I decided to not major in a STEM but I am very passionate about my line of work and feel like in the longrun I will be pretty succesful in it, so long as I keep up with my network, work hard, pursue more school, get more experience. I am now working for a non profit focused on global health. + +I did do a really stupid thing of not negotiating my salary. I was so over the job hunting process I just said yes to it when I got my verabl offer. I \*deeply\* regret this and know I let my fear get to me. While I've lived in a low income household pretty much my whole life in So Cal, I know moving to a city like DC or Boston is extremely unrealistic with 45k. At the same time, I don't own a car and feel like a city with public transportation is my best bet. + +I am applying to grad schools at the moment but think I will defer for a year, should I get into my top program since I do like the work I am doing at my current job. I only will attend grad school if I get sig financialaid or if I am allowed to TA and makeup for the tuition fees. I would like to have an MPP. + +If I did move, I do plan on having roomates and would honestly be very alright with also splitting a room with someone. I just feel like it is very rare to find people my age who are looking to share a room. I did share rooms with my roomates in college, and honesty had such a good experince and felt like I was saving a lot of money. + +I also don't want to be in a situation where I have to move back home, that is my worst fear. I'd rather save up for a year and fight it off and then leave knowing I never have to look back. I honestly just don't know what to do. I have an emergency fund of $5,000. Any inisght would be greatly appreicated. + +Edit: Seeing so many kind and genuine responses from all of you! Will try my best to respond to you all by the end of the day! +I know a lot of people here love their jobs and are in rosy situations there. Me, I despise mine. Some days are better than others but it seems the bad outweigh the good. Counting the days to fi so I can leave. I have 0 transferable skills at this payscale so it’s this job or nothing, and leaving this one would pay a lot worse for 2-3 years for even more work then I do right now (medicine). Anybody with me? +How does increasing interest rates tame inflation? I was also intrigued by hearing this: The federal reserve is trying to decrease demand without tipping over the economy. +It’s gonna be 4 years soon since I’ve changed my style of investing. I used to buy penny stocks hoping they would give me 1000% of profits.. quick money grab.. Heck It was.. lost a lot of money with this … my friend on the other hand turned 10k into 100k but didn’t sold cause he was too greedy.. And now he’s losing everything.. he still hoping for that “news” that will spike the stock price momentarily and sell it for whatever profits he can gain…Anyhow that’s not the subject.. + +I’ve learned about dividend investing in late 2018. I’ve restarted my portfolio from scratch I started buying REITs stock because I always wanted to be expose in the real estate market plus the way REITs are structured they have a nice dividend policy and yield. I would get a monthly dividend every 15th day of the month. + +It’s started really small. In 2018 I invest 2500$ on NWH.TO which at the time would give me a 7-8% return on investment so basically I was receiving approximately 16$ a month ( 2500 x 7-8% / 12 months).. eh it’s small but we gotta start somewhere. I would reinvest my dividends to get more stocks which after would give me a higher dividend payout than the previous month. I was so excited. And I started buying stocks every month for approximately 500$.. I would transfert 250$ on my investing account when it was payday. + +In mid 2019, I received a letter in the mail from MBNA Mastercard offering me the possibility of a fund advance at 0% interest rate for 12 months with a fee of 3% of whatever amount you advanced. So I’m thinking.. okay let me borrow 8000$ pay 240$ (3% fee) invest the whole amount on the stock market at a 7-8% (bought more NWH-UN.TO) which is a REIT that holds healthcare facilities like clinics, hospitals etc in Canada, Europe, Australia and Brazil. And refund the whole advance in less then 12 months before they charge me a 27,99% interest rate. + +By the end of the year of 2019 I had 17k invested with a average return of 7-8%. My monthly dividend pass the 100$ mark! I was amazed of how fast I got it there but I would still not cash in my dividends and reinvest everything. So now I’m thinking people always say make money with other peoples money. Alright let me borrow at low rate and dump everything on the stock market. + +2020 the perfect year … Covid pandemic strikes in March.. everything in the stock market crumbles.. Perfect opportunity to buy more stocks… “Buy when everyone is fearful and sell when everyone is greedy” So I manage to have a 15k line of credit with my bank and because of the union I’m part of at work they would give me a discount on interest rate plus because of the pandemic they lowered they rate even further. So I was able to get a 2,95% interest rate pull out the whole 15k.. invest it once more but this time I bought 7500$ of MR-UN.TO which gave me a 12% on return on investment and 7500$ of NWH which would give me 10% return. The stock price were really low thanks to covid it’s like your favourite dish on the menu is on special for the day. + +Fast forward end of 2020 I had 38k invested i was fortunate to still have my job.. working for the government as some perks. So my average return on investment was 10% and I was receiving approximately 325$ of monthly dividend.. all that in 2 years .. I forgot to mention that I was able to reimburse the fund advance of 8k in less then 12 months that year and had no miss dividend payout. + +In 2021 the stock market is slowly ascending from its 2020 crash. At that time I’ve learned about split funds… and stumble on DFN.TO a fund who has 15 holding mostly financial company like banks, insurance company etc. The yield at that moment was 15-16% and because I bought a lot of share during the pandemic I was up 11k. So I took the guts decision of selling everything I made a 11k profits I had 52k on my investing account and poured everything on DFN.TO. + +My monthly dividend at the end of 2021 was 675$ a month.. I started cashing in some of it to aid my mother. But after 3 years I was already almost receiving 700$ a month. + +Fast forward today I have 65k invested I’m receiving 795$ of monthly dividend and I’m pretty sure by the end of the year 2024 I’ll reach the 1000$ monthly dividend mark! + +The key is to be consistent always pour money on the market. Don’t try to time the market. Passive income investing is a slow way but sure way to financial freedom. My goal now is to invest at least 10k a year. +This is where my logic lead me, but The Great Depression was ended with massive gov't spending, on public projects, so there is a mistake in my train of thought somewhere, i just dont know where. +USD has gained nearly 15% against other major currencies like GBP, Euro, Franc, etc since the start of 2022. + +Currently inflation in US is not less than UK for instance. So I was wondering what exactly is causing this? +EDIT: FAQ bottom of the post + +**Update: 6th December 2021 Monday (Australia) - Money received in my bank, shit thats fast. Screenshot and CS transaction posted below** + + +I hate to do this but it had to be done for the greater good, stop spewing bullshit about how hard it is to sell on Computershare, my limit order literally went through in **10 fucking minutes.** + +**(Now I realised when I check the pending transaction the status was already on "Awaiting Settlement", at the time I wasn't sure if that meant the order was executed. So in reality it can execute instantly, however I didn't screenshot/video it so we'll just go with "10 minutes" when the confirmation email arrived)** + +I'm happy to provide further proof to mods if needed. + +Proof: + +Email notification after placing order: \*NOTE: I'm from AUSTRALIA hence the time difference\* + +**Removed reference number / account names** + +&#x200B; + +https://preview.redd.it/3qiowei05a381.png?width=1244&format=png&auto=webp&s=c33d456041a8ecbaec4b925ed35bf11d7becc5a1 + +Literally 10 minutes later: + +&#x200B; + +https://preview.redd.it/9r5xz4w15a381.png?width=1355&format=png&auto=webp&s=ed5cbfaa90ed63b8c6f096cad4f358499422c587 + +Pending Transaction Details in CS + +&#x200B; + +https://preview.redd.it/wbu2zep25a381.png?width=908&format=png&auto=webp&s=4d55c45581089450b5aa8de0e9bb405aa4a899c1 + +**Hope this will stop the Computershare FUD, don't award me - just UPVOTE to spread the words** + +**FAQ***1. Why are you doing this?* + +I noticed there are still a lot of questions/uncertainty/claims on Reddit and Twitter regarding selling on Computershare. So I thought what better way than to verify it for myself and the community. + +*2. "Lol no1 is doubting the sell speed of CS, its about how much you can sell it for" / "wow big deal you sold 1 single share outside of MOASS"* + +You think your frontrunning, PFOF mf brokerages who turned off the buy button / "typo" extra 12 million shares to short would let you sell anywhere near/above Computershare's limit during the MOASS? (Which they are working to increase as per AMA) fucking lol. + +*3. Where does the money go?*You have 2 options: + +A. Receive the proceedings via Cheque which will be sent to you via physical mail (You can also request for courier service for a fee) + +B. Direct Bank Transfer is the option I selected, I will update this post when the funds arrives in my bank account. Keep in mind it may take longer because I am from Australia. + +NOTE - thank you u/Jtdesi123 **bank accounts need to be added for at least 10 days for them to bank transfer any less they will mail out a check - this information was given over the phone by Computershare** + +*4. You going to buy that share back?* +Yep, via IEX and re-DRS with extras. (Will update post as proof) + +5. What are the fees? +See below transaction for one off fees, imo insignificant amount when you sell post MOASS since its not a % base fee. + +&#x200B; + +&#x200B; + +**Update 6th December 2021:** +The follow amount is in AUD, my bank charged me extra $14 AUD or so for international fee + +[Bank Transaction - removed reference\/BSB for privacy ](https://preview.redd.it/7fdtjpk83v381.png?width=790&format=png&auto=webp&s=d7ffa1e2357030b45b8e8a208b5fac5c5dee77c0) + +Computershare Transaction, including Fees showing: + + +[Transaction Detail of the sale](https://preview.redd.it/prueuwtm3v381.png?width=1189&format=png&auto=webp&s=d4cebd147a876a382a9e8ab6ed70535b30c1a397) + +&#x200B; +Thought I'd start a discussion - best investment you've ever made, was it luck, judgement, did you yolo off a tip from wall street bets? Here are my two: + + +1. In the recovery after the financial crash I was looking into banking/insurance shares as obviously, they were very low but risky af. Aviva seemed to be weathering the storm so I bought their pref shares at around 100p a share with \~8% yield. Didn't sell at the peak but got \~150p a share after compounding at 8% a year for 7-8 years. Was I lucky? Yes, I put my eggs in one basket rather than going for a corporate bond fund but on this occasion it paid off. +2. Went to a fine wine auction while on holiday as it was torrential rain and only thing happening in the town I was in listed in the local paper. There was a collection of miniature spirits from the 1960s. No one else wanted them so I got them for the min bid of £20. We drank all the benedictine and creme de menthe at a party but all the single malts I polished up and put them in a specialist whisky auction. Sold for £200! Right place, right time. +To preface, I am extremely committed to retiring early and being financially independent. And by all means, I have been on this mantra since the day I graduated college. + + +I'm worn out. + + +I have saved and invested roughly over 50% of my paycheck for my entire post-university career so far (3 years) but to be honest? I'm miserable. + + +By all means, I should be proud of my ability to accomplish this feat. I make a modest $50k and live in a large US city. Yet I feel tired and bored all the time. + + +Last Tuesday a colleague asked me to get a drink and bite after work. I couldn't remember the last time I had gone out to a restaurant on a weekday and for a reason I will never know - I said, "sure". + + +In feeling semi self-aware, I thought I should treat myself to a nice dinner. With my belly full, I felt a sense of pride. I had never used my money on a weekday for a mere "fun" time. + + +Since then, I have relatively been treating myself to not always the cheapest menu item when I eat out and heck, I even bought a new pair of shoes! + + +And I feel happy. + + +I am far more relaxed at work, I laugh with my roommate. + + +I feel fortunate to realize being financially independent tomorrow is not worth suffocating your life today. + + +enjoy the present. + + +Hey (This is more of a personal question but nothing speaks against it in the rules) + +I'm in my third semester studying economics in the University of Mexico and I am at a point were I don't know what I should do with my life. I am interested in a variety of topics (I am an avid philosophy reader and would have honestly loved to study literature) even in economics, where I like some of the aspects of marxist economics, but econometrics sounds super fun and so do behavioral economics. Even mainstream at times, my first micro course was super fun. + +I have strong ethical and philosophical beliefs and notions but when it comes to economics I just don't agree with anything, the more I read about any branch I just feel the same, value theories and everything really is just invented out of thin air. I understand that this is a science now with how society works, but this is an explanation as to why I really don't have a problem with most branches, even though I find some more ethical than others. + +I know you lot are Americans and since the US won the Cold War Marxism is like a symbol of the worst thing ever and mainstream econ has become the, well, mainstream, so I don't want to argue or debate about that. + +My plan of life used to be like graduate and get a PhD in the US, maybe focusing on econometrics or something I would find passion for later in my bachelor's. I do want to make contributions to the field as well. However I do feel like heterodox economics are worth looking at and working in. + +I guess my question is, what should I do? Is it possible for me to develop theories in more than one field? Should I just wait until I am more advanced into the degree to think about this? +Four years ago, I posted [this](https://www.reddit.com/r/financialindependence/comments/753klg/young_apple_engineer_has_most_of_his_net_worth_in/), asking if it was ok to be fully concentrated in my employer's (Apple) stock. + +Two years ago, I posted [this](https://www.reddit.com/r/fatFIRE/comments/dtrddz/young_apple_engineer_has_most_of_his_net_worth_in/), with a higher NW but asking the same question. + +The vast majority of the commenters told me to diversify away from Apple, however, I held the course and never sold my stock. + +With my 6700 shares of Apple, along with my $100K in other equities and $250K in my diversified 401(k), I have now reached $1.58M in net worth. It seemed like just a number for me, but I realized that at the 3% rule, I could pay my $4K rent forever. (Yes, the rent is high, but I live by myself in a 2BR apartment in San Francisco.) + +If I had sold when I got my stock, my guess is that my NW would be between $600K-$800K, still a very high number, but it would require another 5-6 years of work to get to where I am today. I'm 29 and I have been working at Apple since I was 22. + +It is very relieving knowing that something could happen to me and I would be able to live in my apartment for the rest of my life. Obviously, I want to go bigger and better over time, but I think I picked the right strategy. + +The reason I made this post is because I wanted to start a conversation in pursuing non-orthodox FIRE strategies. Obviously, for most companies, you should sell your equities when you get them. But if you are truly willing to do the research required to understand your company, the stock market, and your company's moat, and you know that your company will grow and be successful. I think "putting all of your eggs in one basket and watching it like a hawk" is a reasonable strategy, given that you have a diversified 401K so you aren't destitute in the worst case scenario. + +I am definitely not gonna sell any shares, and I plan on staying at Apple for at least another 5-6 years. Ideally, I will get to the point where my dividends cover my living expenses, then I may look at retiring or pursuing other opportunities, but I am at least 10 years away from that. +I heard about BTC and crypto years before. Some guy from Romania wanted to give me some BTC for some DOTA 2 beta keys I owned back in 2011. He posted the offer in PlayDotA and I shrugged it off because it was a big jargon for me back then. Ethereum however, I got acquainted with ETH and the initial feelings I had for it was hate. I was trying to build my dream PC back in April and I had so much trouble finding AMD RX 480 due to the mining craze. I had to go to the computer center really early every day to get a GPU only to find out that the shipment for the day were all pre-purchased by Chinese expats here in the Philippines. + +I read about BTC, ETH, and the cryptocurrency in general and I found the idea of ETH revolutionary. I swore that once we have the local exchanges here open ETH, I'll immediately buy and join the ETH community. It was announced that during November, one of our local crypto wallets (ABRA) added support for ETH and I was finally able to purchase ETH with my 13th month pay (Christmas bonus). I was able to purchase 0.33853342 of ETH at PHP 22,041 (USD 460). I was into the HODL stuff until I called my mother yesterday on Christmas day. + +My mother was diagnosed with stroke 2 years ago which made me quit my undergrad course and work in a call center. I had an arrangement with the hospital to pay all the expenses in 3 years after a month-long negotiation with the board. My mother was essentially on a one-month hospital arrest back in 2015. Yesterday's phone call however, she said that she is very excited with me being home for the New Year celebration. She said that this could possibly be our last New Year's eve together due to the complications brought by the stroke. She also asked me if I could fulfill her lifelong dream of being able to board an airplane and experience flying. This crushed my heart and that was when I decided to cash out my ETH balance today before I go home tomorrow. Thanks to ETH, I would be able to have her nails and hair done before we board that plane to Baguio City. The journey with ETH could be short, but it was worth it. My moon is taking my mom to the sky. + +Happy New Year r/ethtrader and keep HODLING! + +Edit: Woah just woke up to prepare for work and this exploded! Thanks for the gold and the ETH donations! I just checked my ETH wallet and there is 0.226710 there now. I'm almost back to my stack and I'm in tears. I'll be on my way to our province right after work and it is a 12 hr ride. Will be posting pics of my mom after her salon treatment! +Hello all, + +I have been working in loan processing section of a very large bank. One thing I have been observing is that, inspite of regularly paying housing loan EMI, the outstanding is more than the limit sanctioned, leading to large amount of interest burden. In some cases, the loan was taken 5 or more years ago. + +The reasons are + +1. Processing / loan handling staff didn't set the repayment properly. +2. Interest not serviced during moratorium, which later got capitalized and the EMI is not actually sufficient to service the new outstanding. Such loans are technically standard yet the outstanding is not getting reduced. +3. Wrong rate of interest set by the bank staff +4. Charges towards insurance / valuation / others being debited to loan making the outstanding higher + +&#x200B; + +Suggestion: + +1. Use a loan calculator to calculate the EMI as per original limit & check if you are paying the right amount. +2. Check outstanding of the loan now, the ROI, the remaining term and check if your EMI is right. + +&#x200B; + +&#x200B; + +&#x200B; + +Hope this helps +> President Donald Trump's administration vowed to increase tariffs on $200 billion worth of Chinese goods over the weekend, marking a huge upheaval in the two countries' yearlong trade war. + +> US officials said on Monday the move was prompted by China's "retreating from specific commitments that had already been made." + +> According to a new Reuters report, China had deleted swathes of text from a tentative trade agreement that promised to change laws to resolve US trade complaints. + +> The tariff increase is scheduled to go into effect on Friday, May 10. + +https://www.businessinsider.com/china-deleted-chunks-of-trade-deal-it-didnt-like-angered-us-report-2019-5 +A few simple changes to investing that I picked up over the years that you could think about. + +1. Look at stocks when markets are closed. This way if you sell or buy on impulse you have to wait until the next day and potentially get back to your senses and correct your mistake if needed. Look at your stocks as little as possible. Small changes are meaningless. It’s all about the big picture. Looking at stocks constantly may give us the impression that we have control yet the sun will keep on shining with us or without us and the people we invest in will keep on doing their job whether we watch them do it or not. Heck, farmers don’t watch each and every one of their seeds grow each minute of the day. It’s just a shortcut to insanity. + +2. Ask yourself if the stock’s price is cheap in absolute terms and not in relation to future forecasts and sentiment. + +3. If a stock is down, don’t sell until one or two years have passed. Again this is to protect you again impulsiveness. + +4. If you don’t like tomato sauce with basilica in it, turn on grayscale when checking your portfolios. + +5. Before making an investment, ask yourself if you’re being humble about it. Sometimes we can get into an ego trip thinking that *we* are right about a stock pick because we’ve been analysing it a lot and thus know better than anyone else. Remember that the stock market doesn’t give 2 cents about us and we’re not special. (Fight Club) + +6. Live more. A good investor should live strive to live a fulfilling life. Don’t just read finance and investment-related books. Expand your mind beyond that. Meet people (take your covid precautions), go for a hike, disappear for a week to visit a new place, heck even take up meditation. Whatever it is, expand yourself and your horizons because your wealth will keep on increasing without your assistance but your mind, spirit, happiness and body won’t unless you focus on them as well. + +7. Remember to follow your gut. Don’t invest money you will need in a few weeks, months or years. Make sure you have money left for other activities in life. Your gut will tell you when you’re investing too much money at once. If I’m not mistaken and remember my readings, the brain developed way after our gut so it shouldn’t be underestimated. (Don’t confuse gut with emotions). If you can’t sleep tight with your current investment strategy you should rethink it. + +8. Remember that you are your worst enemy. To the contrary of what economists blabber, we’re not rational most of the time so steps should be taken to counter our irrationality. Studies show that our mind is incredible at, in a way, interpreting reality as it pleases more than we realise. It can overfocus on certain aspect, negative or positive, which bias our good judgment. Remember that there’s a study that actually showed that portfolios of people who either forgot about having invested or who died have performed the best as they simply hadn’t fiddled with their portfolio nor sold anything out because the sell button suddenly felt like a rash that needed to be itched. + +9. Remain unbiased as long as possible. Start by reading the reports first before listening to what people have to say about the company. We have a natural tendency to love our first ideas and take ideas coming from people more seriously which can thus bias us towards liking a stock when we didn’t really look into the facts ourselves. If a friend wants to share an investing idea tell them to either email the idea to you or to meet up another time to discuss the company when you’ll be on the same level as them. This way you’ll be able to have an educated opinion on the company as well and avoid being biased towards liking it based on your friends liking of it. + +10. Don’t try to be smart. It is easier trying to avoid being stupid. + +I’d be interested in hearing your insights as well. + +Thank you for reading. + +Stoitician +A few simple changes to investing that I picked up over the years that you could think about. + +1. Look at stocks when markets are closed. This way if you sell or buy on impulse you have to wait until the next day and potentially get back to your senses and correct your mistake if needed. Look at your stocks as little as possible. Small changes are meaningless. It’s all about the big picture. Looking at stocks constantly may give us the impression that we have control yet the sun will keep on shining with us or without us and the people we invest in will keep on doing their job whether we watch them do it or not. Heck, farmers don’t watch each and every one of their seeds grow each minute of the day. It’s just a shortcut to insanity. + +2. Ask yourself if the stock’s price is cheap in absolute terms and not in relation to future forecasts and sentiment. + +3. If a stock is down, don’t sell until one or two years have passed. Again this is to protect you again impulsiveness. + +4. If you don’t like tomato sauce with basilica in it, turn on grayscale when checking your portfolios. + +5. Before making an investment, ask yourself if you’re being humble about it. Sometimes we can get into an ego trip thinking that *we* are right about a stock pick because we’ve been analysing it a lot and thus know better than anyone else. Remember that the stock market doesn’t give 2 cents about us and we’re not special. (Fight Club) + +6. Live more. A good investor should live strive to live a fulfilling life. Don’t just read finance and investment-related books. Expand your mind beyond that. Meet people (take your covid precautions), go for a hike, disappear for a week to visit a new place, heck even take up meditation. Whatever it is, expand yourself and your horizons because your wealth will keep on increasing without your assistance but your mind, spirit, happiness and body won’t unless you focus on them as well. + +7. Remember to follow your gut. Don’t invest money you will need in a few weeks, months or years. Make sure you have money left for other activities in life. Your gut will tell you when you’re investing too much money at once. If I’m not mistaken and remember my readings, the brain developed way after our gut so it shouldn’t be underestimated. (Don’t confuse gut with emotions). If you can’t sleep tight with your current investment strategy you should rethink it. + +8. Remember that you are your worst enemy. To the contrary of what economists blabber, we’re not rational most of the time so steps should be taken to counter our irrationality. Studies show that our mind is incredible at, in a way, interpreting reality as it pleases more than we realise. It can overfocus on certain aspect, negative or positive, which bias our good judgment. Remember that there’s a study that actually showed that portfolios of people who either forgot about having invested or who died have performed the best as they simply hadn’t fiddled with their portfolio nor sold anything out because the sell button suddenly felt like a rash that needed to be itched. + +9. Remain unbiased as long as possible. Start by reading the reports first before listening to what people have to say about the company. We have a natural tendency to love our first ideas and take ideas coming from people more seriously which can thus bias us towards liking a stock when we didn’t really look into the facts ourselves. If a friend wants to share an investing idea tell them to either email the idea to you or to meet up another time to discuss the company when you’ll be on the same level as them. This way you’ll be able to have an educated opinion on the company as well and avoid being biased towards liking it based on your friends liking of it. + +10. Don’t try to be smart. It is easier trying to avoid being stupid. + +I’d be interested in hearing your insights as well. + +Thank you for reading. + +Stoitician +I thought that Cliff Asness wrote a great article last year about value, and the fact that so many people harp on how it is outdated makes me think that the next 40 years or so will really show why it is a winning investment approach. +Chase and WF are thinking there will be a lot of defaults + +https://www.npr.org/sections/coronavirus-live-updates/2020/04/14/833920538/americas-largest-bank-jpmorgan-chase-prepares-for-massive-round-of-defaults +Like title states. + +Working on a house at the moment, and had intentions to rent it out eventually. But seeing how prices have gone up I'm tempted to sell for a pretty penny. + +But then I think, I can sell for about 94% of its value (lose 6% on realtor fees etc) and taxes of course. + +OR I could get a heloc for 90% of the value. Keeping me with a cash flowing asset AND the funds I want. + +Why would I sell over a heloc? +I made the mistake of thinking a profession I chose would pay 60k a year doing a 40 hour week because the average I google said so. What i didn't realize was that this profession had lots of overtime that went into that average. Without the OT you're looking at 45k a year before taxes. Make sure to see how much the pay is and the hours worked needed for it. +Bitcoin being used by criminals is still some of the most long-lived FUD out there. It is something that still often comes up today when I hear nocoiners talk about Bitcoin and is often cited as a reason not to invest. +I had a surgery in September 2017 and apparently a nurse in the operating room was out of network and my insurance paid only $168 of the $4,000 bill. I’m pretty angry that this is even possible, as I wasn’t notified beforehand that I would end up with this bill and don’t want to use my emergency fund for something like this. I don’t understand why they used a facility and surgeon and anesthesiologist etc in network but not the nurse. To make matters worse, I wasn’t even aware there was an outstanding balance until a collections company sent me a notice. They said they have already sent three notices and that the nurse’s office sent several notices (to an old address) but I did not receive them. I have until August 5 to pay before it is reported to the credit bureaus. What are my options? + +Edit: I can’t believe the amount of replies here! I’ve read every comment and appreciate the input and people’s general sympathy about how stupid and absurd this situation is. I’ve requested the bill and will make sure it’s itemized. I will call the hospital, insurance company, and surgeon in the morning and hopefully I can get something resolved ASAP. I will update again tomorrow if I’ve gotten anywhere. + +If anyone has advice on what to do about the collections, this is my main concern. I only have until August 5th and I will be trying to deal with this while I am out of the country for the rest of the month. I invest in real estate and am in a perpetual state of trying to buy property, so my credit score is incredibly important and I’ve taken very good care of it. + +Edit 2: I’ve called the hospital and they were not helpful. They told me they would send an “out of network letter” and had nothing else for me. +I called my insurance and they are resubmitting the claim to the claims department again to see if they will pay it, and said they would mail me an explanation of benefits. +I will call the collections company and tell them I am disputing the claim. I am going to call the nurse’s office now and ask them to withdraw the collections thing and give them the reference number I received from UHC showing that the claim has been resubmitted and that I am working on taking care of the bill. + +Edit 3: I have called the collections company and the person there was really hostile. The hospital did not have contact information for the nurse’s office and the collections company would not give it to me. +Snippet here: https://twitter.com/_BenWright_/status/1485205178995380229/photo/1 + +Full article here: https://www.thetimes.co.uk/article/89d97ec4-7b8b-11ec-b61a-0b3711477c9d?shareToken=3014d284ee6cf9c65ac13ce531e1e84d + +Just LOL. Huuuuge red flag for me lmaoooooooo +Hello, I'm a former conspiracy theorist and largely spend time trying refute science denial and conspiracies in general. + +One thing I used to hear a lot (and watch videos on) back in my conspiracy days was the whole "money is debt" / "fractional reserve banking" and "they print money out of thin air" talking points. This sometimes veered into more far fetched stuff about "The Central Banks controls the government" and "The Globalists" (The Jews) + +The problem is, I'm not an economist or really know much about economics outside the bare minimum. I'm assuming most of this is nonsense, or if there is truth to it, it's maybe not the hot economic take people think it is. + +Can anyone recommend links that explain why this is wrong? Or if it is right, does it actually mean anything in the real world? + +Thanks for anyone who can explain this +Hi everybody, + +I'm a Banking & Finance student and I want to help you by analyzing your favorite stocks. + +Write in the comments the tickers you want me to analyze and I'll do them ASAP. + + I'll publish the analyses on my YouTube channel called Hustle Hub (because it would be pretty hard to show you all the information that I find in a single Reddit post). + +P.S. If this post gets deleted, I will lose the comments as well, so if I were you, I would also comment on the channel! +I have two: + +Failing to buy Dominos and Union Pacific about ten years ago. I thought dominos faced too much competition and I thought I had enough "exposure" to railroads by owning berkshire hathaway. Woops. +I didn't spend 6 months of my life, the last two riddled with death threats, shill buyout offers, and carpal tunnel, to watch this shit happen. After my account was hacked and deleted, I took a few days off, and this is what I come back to? + +You're better than this. Anyone screaming back and forth about the importance or likelihood of a fake squeeze may not be a shill, but they certainly aren't being productive. You know the play. Buy and hold until you see a number you can't even fathom. Then keep holding til your heart gives out. + +Could they, against all rhyme or reason, try to pull out all the stops for one last bamboozle? Sure. Maybe. Who fucking cares? Such activity shouldn't even be triggering your price alerts. Straight up DOES. NOT. FUCKING. MATTER. + +I've seen some utterly absurd shit make it to the front page recently, but multiple posts about this takes the cake. At least some of the others had the decency to posit "scary" (albeit laughably erroneous) sentiments. You shouldn't waste an ounce of energy or concern about anything that doesn't materially change the dynamics of the MOASS, especially if it appears to be sowing division. If anything arises that does, you'll know very quickly. + +TLDR: I truly believe most apes know this by heart, but for anyone looking for a little extra confirmation bias before this jumps off, I'll always be your guy, no matter how many accounts it takes. You are the best of what this world has to offer. Live to up that. Ain't shit changed. Ape no fight ape. Buy and HODL. See you in interstellar space. + +🙌💎🚀❤ + +-Broviet (check post history for verification from jsmar18 if wanted) +So a small company in China that I've worked with the past few months has sent me the payment for my freelance work, but they accidentally wired over 100k (some odd number, not 100k on the dot) too much. This is the first time I've ever worked with them and this is the first payment that I've ever received from them. They sent it from Hang Seng, a Hong Kong bank, but the company itself is in Shanghai, idk if this is out of the ordinary or not. They notified me of the mistake immediately after they sent the money and told me it was suppose to be for an American company, but I live in Canada. I asked them how they could make that big of a mistake when my payment is supposed to be vastly smaller and I'm in a different country, and they said their finance guy got it mixed up and basically yolo'd it or something. They're asking for me to wire back the difference now. The whole situation is a little strange to me. + + +Now, I've heard of scams with a similar premise before, and I think they're probably not out to scam me, but considering they accidentally sent over 100k to the wrong guy, I don't wanna get fucked somehow by their incompetence if not malice. I've already spoken with my bank through the phone and in person and they've given me different answers. The person over the phone suggested the safest way for me to give the money back is to tell them my bank can't do anything and see if they could speak with their bank and somehow get the transaction reversed on their end, whereas the branches I've visited in person said the sender can't reverse it on their end, so I have to send it back myself, with the sort of attitude basically telling me to "get fucked kid we're not liable if anything happens". I think I'm done with TD after I get this sorted out. + + +So logically speaking, you'd think banks would be able to reverse international wires for exactly these sort of mistakes right? They can reverse it, right? So for now, I've told them to check with their bank first and see if they could get the transaction reversed. What's my next step if they say they can't? How do I protect myself for the worst case scenario? In what ways can they fuck me if they tried to? + + +Edit: The account they sent it from is the same account they're asking me to send it back to, so there's nothing strange going on there, at least. +Germany budget for 2019 is around 360 billion euros and the Uks budget is 700 billion pounds, (due to brexit the pound and euro are basically the same) this is despite the fact Germany having more social services, higher population and higher taxes. +Information provided in this post is my opinion on potential estimates of what the ownership makeup of GME may look like at this point in time. This is the 3rd time I have calculated the estimated retail ownership of GME over the past year since getting involved in December of 2020, and each time the numbers have been relatively in the same ballpark. + +I am using data from MergentOnline which is an online database ran by FTSE Russell, or the group that runs the Russell 2000 index. I have personally contacted Mergent and FTSE Russell about this topic, and they did not shoot down my thinking but more or less confirmed it. The gentleman at Russell told me they have a dedicated data team that combs through SEC reports and speaks directly with the issuers/hedge funds themselves to update data as frequently as every 15 minutes. + +I will not review the math behind my calculations because I have covered it in a previous post, honestly it's pretty simple math using proportions. My previous post can be found [Here](https://www.reddit.com/r/Superstonk/comments/nneevk/gme_ownership_analysis_528_hedgies_r_fuq/). + +&#x200B; + +[Outstanding Shares](https://preview.redd.it/gnlqivuvkk581.jpg?width=3666&format=pjpg&auto=webp&s=cf88b25a07b1f1a718befa9bd61e9e9b677e2619) + +We can see from the screen shot above that outstanding issued shares by GameStop is reported at 76,351,000. More or less this is around where the actual number is reported by GME (may be 77MM). + +&#x200B; + +[Insider Ownership](https://preview.redd.it/7erxc08hmk581.jpg?width=3703&format=pjpg&auto=webp&s=89873948b8dbfd2e992141e5c4075fdf824eb0d0) + +The above graphic states that GME insiders directly own 8,013,099 shares or 10.5% of the company. The math checks out with the stated issued number of shares (10.5% of 76 million is approximately 8,016,885). The interesting part of this graphic is that it is only DIRECT insiders. Indirect Insiders hold much more than 8MM shares, an extra 15MM to be exact. For an example, RC Ventures is not listed as a Direct Insider Holding. When considering both direct and indirect insider ownership this brings the Total Insider Ownership to approximately 23,773,769 shares. So now that we have an idea of what insiders may hold, let's check out Institutional ownership. + +&#x200B; + +[Institutional Ownership](https://preview.redd.it/rx48br43nk581.jpg?width=3712&format=pjpg&auto=webp&s=13b4ab71d5570fec058c7a06af86a5fef4ad3c73) + +Once again, Institutional Ownership is where things start to get really wonky to me. The Institutional Ownership page shows a total of 50,371,590 shares owned by Institutions, at 27.94% of the company. + +When calculating the "Total Shares" a proportion is set up that looks like the following: + +&#x200B; + +[GME Maths](https://preview.redd.it/ojr2c077pk581.jpg?width=2830&format=pjpg&auto=webp&s=4a02d3c4a2108ffd5d8da56941051eec66a9e6d1) + +This calculation gives us a total estimated shares value of 180,284,860 which is a number we can work back from to attempt to estimate retail ownership of GME. + +1st institutional ownership is deducted from the total: + +180,284,860 - 50,371,590 = 129,913,270 estimated shares without institutions + +&#x200B; + +2nd Insider shares (total insider shares) are deducted from the remaining share balance of 129,913,270 - 23,773,769 = 106,139,501 estimated shares in retail hands. + +&#x200B; + +If Mergent/Russell is even REMOTELY close with their data.. retail supposedly owns more than 135% of the entire company. + +Somone got themselves in deep and hasn't let their foot off of the gas yet. Best of luck to everyone. + +\*This is not financial advice, individuals please make your own educated decisions on how to handle your personal investments\* + +I am always open to questions or constructive criticism. + +\- H3RB +In a letter to Tesla’s board, the Democratic senator asks whether investors have been harmed by the billionaire tech mogul’s time running the social network. + +Elon Musk’s chaotic tenure running Twitter has already drawn scrutiny from an array of international government officials, who have professed concern about his changes to content moderation, including the suspension of several journalists, and new restrictions on promoting rival social networks. (The Musk management style was again on display after his followers voted to give him the boot as the Twitter C.E.O. in a poll he ran overnight; more on the latest head-snapping developments later.) + +Now, DealBook is first to report, Senator Elizabeth Warren, Democrat of Massachusetts, is taking aim at an issue with more serious potential legal consequences: whether Mr. Musk has created a series of conflicts of interest with and misappropriation of resources from Tesla, the electric carmaker he also runs. + +*“As you know, it is the legal obligation of Tesla’s board to ensure that its C.E.O. is meeting all his legal responsibilities and serving as an effective leader,” Ms. Warren wrote in a letter to Robyn Denholm, Tesla’s chairwoman, on Sunday night. (Ms. Denholm did not respond to a request for comment.) While the chaos at Twitter isn’t Tesla’s concern, Ms. Warren raised the possibility that many of Mr. Musk’s actions may be shortchanging Tesla.* + +Ms. Warren asked whether Mr. Musk’s diverting of resources from Tesla — including software engineers and senior executives — is harming the carmaker. In her letter, the senator also questioned whether Mr. Musk’s assertion that their being seconded to Twitter was purely voluntary, citing an anonymous employee who told CNBC, “most would also feel it was impossible to turn down a direct request from Mr. Musk without later facing poor performance reviews or other consequences.” + +Ms. Warren also suggested the possibility of Mr. Musk **intentionally shortchanging either Twitter or Tesla to benefit the other**, including Twitter potentially overcharging Tesla for ads or tweaking the social network’s algorithms to benefit the carmaker. She also asked the board whether content appearing on Twitter under Mr. Musk’s new content moderation, including a rise in misinformation and what the senator said was hate speech, could end up hurting Tesla’s reputation. + +Full article: [https://www.nytimes.com/2022/12/19/business/dealbook/warren-musk-tesla-twitter.html](https://www.nytimes.com/2022/12/19/business/dealbook/warren-musk-tesla-twitter.html) +Turns out we have a credit card and she’s paying £200 a month to keep on top of the outstanding £6000 balance. I’m looking to balance transfer and spend the next 5 years paying this off. Any advice greatly appreciated. I’m losing my mind. +Age 48, NW \~$11M, acquired largely through company sale. + +I became financially independent about 4 years ago when I sold my company. With our NW, and our roughly $250K / year all-in expenses, I don't really need to work ever again. Of course, I still am - I consult a bit with my old company, and I'm now teaching entrepreneurship at a local very well-known private university. I'll likely be backing away from my old company soon, and just teaching - basically as an adjunct, so the salary is minimal. I do it as a way to give back. + +A friend of mine had exactly the same path as me (started a similar company, sold it for a similar amount), just 8 years before me. So he's now about 12 years "ahead" of my on this path. He told me that it took him about 10 years, including a couple of huge market downturns, to really realize that he was completely FI and could "relax". + +I'm definitely still in that "need to be careful or I could lose it all" mindset - even though with our NW, our spending, and my ability to continue to make an income, our actual life risk is very very low. + +For those of you who have stepped away from making a large income and are FI, how long did it take to really feel "real"? +Just go get this out of the way, yes you can get exposure to all sectors and geographies through VEQT / XEQT. This is one of the best ways to invest without timing markets. No argument here. + +However, if you're tilting your portfolio, are you considering clean as a tilt? If so, I'd be curious to know your thoughts on this. +**CumRocket starts a big marketing campaign for Asia tomorrow 🐅** + +Remember when CumRocket started with some anime/hentai artworks? Back when it could only be bought on Pancakeswap and dismissed as just another shitcoin? I do. *And I was poor*. Now they work with tons of top-tier amateur models such as brand ambassadors Shelby Paris, Lauren Phillips, and Lacey London to make NSFW NFTs. And now I'm not poor. And now you can buy CumRocket hassle free and not be poor either, + +CumRocket is about to pump so hard your wallet will get pregnant. CumRocket is debuting on it's first centralized Exchange Coin Tiger in less than 2 hours! + +In cooperation with CoinTiger CumRocket will start a big marketing campaign towards Asia. So perhaps those hentai NFT's will still do the job for some. CoinTiger is well known in Asia and will help the brand reach into an eager yet untouched market. Some things the team confirmed for listing: + +* CoinTiger Frontpage Advertisement +* Translation for 12 Official CoinTiger Communities +* Press Release of listing on Top Asian Crypto Media + +CumRocket already delivered some big surprises within a short period of time and I'm very excited for their next steps. Swelling with excitement. Bulging with it. My excitement, it's going to burst! + +Better check out the project before listing tomorrow. + +[Website](https://cumrocketcrypto.com/) includes Contract Address, NFT Marketplace (LIVE AND FUNCTIONING) Whitepaper, Roadmap, Partnerships and more + +[Second AMA](https://www.twitch.tv/videos/1014627189) and go watch the [first one](https://www.youtube.com/watch?v=XZA5eYv1umk) if you haven't already. + +[Telegram](https://t.me/cumrocket) + +[Twitter](https://twitter.com/CumRocketCrypto) +Welcome to the Daily General Discussion thread of /r/EthTrader. + +*** + +The thread guidelines are as follows: + +- All sub rules apply here so please review our **[rules page](https://www.reddit.com/r/ethtrader/about/rules/)** to become familiar with them. The rules page is also linked in the announcement bar above. +- This thread is meant to be more relaxed compared to the serious daily thread. Memes, lambos, moons are all welcome. +- If the front page gets overloaded with memes, all but the top two posted and voted on may be removed. Basically, please post memes in this thread first and upvote the best so the mods know which ones to keep if we need to remove a bunch of memes from the front page. + +*** + + Resources and other information: + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our [Ethereum Education wiki page](https://www.reddit.com/r/ethtrader/wiki/education). Also please visit our new [Discord server](http://bit.ly/2td3Jhy) to find support for minor questions. + +* 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. + +*** + +Thank you in advance for your participation. Enjoy! + +Welcome to the Daily General Discussion thread of /r/EthTrader. + +*** + +The thread guidelines are as follows: + +- All sub rules apply here so please review our **[rules page](https://www.reddit.com/r/ethtrader/about/rules/)** to become familiar with them. The rules page is also linked in the announcement bar above. +- This thread is meant to be more relaxed compared to the serious daily thread. Memes, lambos, moons are all welcome. +- If the front page gets overloaded with memes, all but the top two posted and voted on may be removed. Basically, please post memes in this thread first and upvote the best so the mods know which ones to keep if we need to remove a bunch of memes from the front page. + +*** + + Resources and other information: + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our [Ethereum Education wiki page](https://www.reddit.com/r/ethtrader/wiki/education). Also please visit our new [Discord server](http://bit.ly/2td3Jhy) to find support for minor questions. + +* 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. + +*** + +Thank you in advance for your participation. Enjoy! + +G'day cunts. This is just a brief post I want to use to give you cunts an understanding of the potential of a true Uranium bull run. To understand the thesis of why this may occur, I'll point ya to my counterpart /u/calculated-punt's [excellent posts](https://old.reddit.com/r/ASX_Bets/comments/lftl86/the_emerging_global_uranium_bull_market_a_summary/) that made me throw all my chips on the table. + +The formula for a Uranium company is relatively straightforward. + +1. Find land with Uranium in it. + +2. Wait until Uranium becomes profitable to mine. + +3. Secure a fixed long term contract to mine Uranium. + +4. Profit $$$ + +Now step two has been where the industry has been stuck essentially since the Fukushima incident occurred in 2011 and demand for Uranium plummeted. However, with a covid induced supply shortage and demand increasing beyond previous forecasts, the picture is changing. Furthermore, the Canadian investment firm Sprott has recently begun purchasing Uranium on the spot market essentially to corner it and drive up the price. [You can see the dramatic effect on the spot price of Uranium here](https://tradingeconomics.com/commodity/uranium) + + +So what can we expect if this plays out to perfection? Well lets take a look at Paladin Energy during the last bull run (ASX:PDN). For this run, Paladin started as a sub $100m MC junior producer yet to pop its Uranium mine cherry, maturing into a full fledged multi-billion dollar production. Lets take a look at some numbers to see how this journey plays out according to the Uranium Spot price. + +[**Here is PDN's performance over the last Uranium Bull run**](https://i.imgur.com/rEhFGwH.png) + +Key things to note + +- PDN went from $33m to its relative peak of $3.696b in three years, a >100x jump in size. + +- The Uranium spot price moved from $18.05 to $120.07 in the same time period, only 6x. This shows you how these companies are effectively leveraged to the spot price, and movements in the spot price are so critical. + +- In the final year, we had a -54% decrease in spot price, but only a -7% decrease in Market Cap. This shows the power a long term contract yields, if a company can successfully "lock in" the high price, you're protected. + +- Shares outstanding went from 288m to 608m in four years time. It is not cheap to build a mine, and issuing equity is the usual way to fund such an operation. Don't expect your share performance to match the market cap growth as you will be diluted. + +- A three year cycle rewarded the patient/prescient investor with a 6473% return. This is not a day trade. + +So where is the market right now? I've repeated the same exercise comparing Market Cap to Spot Price for a different Uranium company, one that happens to be in an awfully similar position to the old Paladin Energy. They even have the same CEO, John Borshoff, who has tacked on a bunch of his old management friends from the first Paladin bull run. + +[**Here is the current state of DYL, with a basic forecast**](https://i.imgur.com/2sVcm2V.png) + +I haven't done anything too special here, just pasted over the previous Y/Y growth of the spot price and market cap to give a sense of what could be possible. I think the $300m MC as of 5-Sep-21 does line up quite nicely with the $338m MC of PDN on 30-Jun-05. Following a similar trajectory, we might expect a >$7 stock price in two years. + +So what could go wrong? As always, Past performance =/= future results. This is a best case scenario. There were other Uranium companies in a similar position to PDN, but failed at some stage towards becoming a successful producer. Here are some of the unanswered questions that are "priced in" to the market as uncertainty. + +- Will the spot price hit extreme levels? + - Sprott has given us a solid start, but it remains to be seen if this is temporary. If the spot price continues to rise, our favorite companies will too. +- Will the new mines be able to successfully produce Uranium? + - Getting uranium out of the ground is by no means straightforward. Our most memeable junior PEN is trialling an In Situ (IS) method where they essentially "drain the ground" with acid and collect the Uranium that floats out. They've been having a little trouble getting the pH to suitable levels, but if they can pull it off they will have a cheaper method than most. We will see if PEN IS will work. +- Will the new miners be able to secure the contracts? + - Contract bidding is no fun game, there will be both winners and losers that determine profitability. +- Are we dumb enough to Chernobyl ourselves again? + - Public opinion on nuclear power is fickle at best. If another major nuclear incident occurs, the party is over and its a race to escape out the front door with positions. Expect a -50-80% crash at the next opening if this occurs. Every cunt for himself. + +Now for some honesty. I'm a fucking amateur with no experience in evaluating how well a mine is likely to succeed. +Therefore I've pulled the /r/ausfinance cuck strat and diversified. I have positions across five different "virgin" producers [(BOE, BMN, DYL, LOT, PEN)](https://i.imgur.com/tw2goEv.png) to protect against my own ignorance. I have no way of truly knowing whether this could be our second bull cycle, but here's hoping. + +One last thing before you cunts get mad at me for FOMOing on a green day and watching a plunge. Courtesy of /u/riDDDiK1337, [here is the performance of an American company Energy Fuels (UUUU.NYSE) across the same bull cycle](https://preview.redd.it/ce8alheclql71.png?width=1024&auto=webp&s=5de58c85b94a6db999c94088306769a5592f17e1) + +In 11 months, it was a 50 bagger. However, there were five "corrections" along the way with short term drops of -30-50%. If Friday was when you FOMO'd in, don't be a salty bitch about it if we plunge -30% across the next month. Volatility is part of the game. During a true bull run, this represents opportunity. Try looking for good entries to save yourself psychological issues on those days. +Wealthsimple seems to be a disruptor in the industry and causing the bigger fish to play with the small guy. + +Interactive brokers waived their minimum account balance and monthly fees + +Wealthsimple has rolled out fractional shares (should be available to everyone else in a couple days) + +Looking bright for us! +* Edit: Added inforation on action on FT AMC as such +* SEBI finds that 5 non-credit risk funds were being run as credit-risk fund +* It also finds incorrect calculation of Duration +* FT barred from new debt schemes for 2 years +* They have to reimburse the fund management fees for 2 years (from the date of the categorization order in 2018) - and this figure is >500 cr (I am not sure if I read it wrong) +* A fine of 5 crores has been imposed +* [https://www.sebi.gov.in/enforcement/orders/jun-2021/in-the-matter-of-inspection-of-six-debt-schemes-of-franklin-templeton-mutual-fund\_50442.html](https://www.sebi.gov.in/enforcement/orders/jun-2021/in-the-matter-of-inspection-of-six-debt-schemes-of-franklin-templeton-mutual-fund_50442.html) +* Below are initial points on the directors +* One of the Directors - Vivek Kudra - had multiple redemptions +* They (including his wife and mother) have been fined +* They have to deposit 32 cr in escrow account +* He and wife have been fined 4c and 3cr, and barred from secrurites market for 2 years +* I have not read the full report - there is wrongdoing (I don't know yet if fraud has been proven) + +[https://www.sebi.gov.in/enforcement/orders/jun-2021/order-in-respect-of-shri-vivek-kudva-smt-roopa-kudva-and-smt-vasanthi-kudva-in-the-matter-of-franklin-templeton-mutual-fund\_50446.html](https://www.sebi.gov.in/enforcement/orders/jun-2021/order-in-respect-of-shri-vivek-kudva-smt-roopa-kudva-and-smt-vasanthi-kudva-in-the-matter-of-franklin-templeton-mutual-fund_50446.html) +Okay of course no one can answer that decisively, but I'm interested in various opinions and a discussion. I have read some reports stating that multimillionaires from Asia massively buy property in central London and leave the flats empty on purpose, in order to increase the property's value by reducing the supply of flats. I was wondering if the same could be happening in the rest of central Europe eg. in Germany where the rents are skyrocketing in cities like Munich Stuttgart Frankfurt over the past years... +If this is true and the people owning this property decide to sell and leave from the X country with their profits, the supply would suddenly increase and the "bubble" would break, damaging all other people who had invested in the same real estate market buying in artificially much higher prices. + +On the other hand, there is the kind of similar example with the diamond market, where the prices are artificially so high because one company, De Beers, has pretty much a monopoly (in both mining and supplying) and controls the supply of diamonds in the market. However in that case, it doesn't look like it's a situation that will ever change, so I would hardly characterize that one as bubble. + +What is your opinion? Is my way of thinking reasonable or completely out of this world? +Hello! + +So I am looking to invest around 300k in the next 6 months. Average weekly investment sum is 13k for DCA purpose. + +Why next 6 months is because I think there will be a bigger drop coming, but that is just my speculation, and I wish to "time" that drop. By time I mean to buy around that dip. + +I am thinking of around 5-7 stocks to pick and maybe 1-3 ETF's, so total of 10 "items". + +Time horizon of this investment is 5-10 years, maybe even longer. + +I would like to hear your ideas, where to invest. I have made a watch list of around 30 stocks myself, but would love to hear what are community's ideas. + +It would be awesome if you could provide a list of your ideas and maybe 1-2 sentence long explanation per "item" on why that is your pick. +If all costs included (including repairs, vacancies, income taxes, and fees) subtracted from your rental income is 0, how is that a bad investment if in a stable market (over 30 years)? Is the thought mainly driven on the assumption of 20% down? For example, if I were to get a home with only 3% up front (*NET*, not just down payment) on a 2.5% fixed rate, that self-sustains rent... I don't see how that isn't an amazing investment. Its just equity building in the background, and eventually becomes positive cash flow as inflation will generally increase your rental income and only increase your secondary expenses (mortgage, the largest expense, remains the same). Then a massive cash flow spike after 30 years. + +&#x200B; + +Please feel free to poke holes in this logic, but keep in mind, I am INCLUDING recommended expense averages for income taxes, repairs, updates, and vacancies. + + +Edit: thanks for all the responses! It seems like the common theme involves risk assessment. To follow up on all of those responses, how much are you guys saving for each rental? I'm already saving the recommended amount, but is that not enough? +Nearly 500-Page House Report On Marijuana Legalization Bill Previews Democratic And Republican Arguments +Published on March 28, 2022 +By Kyle Jaeger + +https://www.marijuanamoment.net/nearly-500-page-house-report-on-marijuana-legalization-bill-previews-democratic-and-republican-arguments/ + +With a vote on a bill to federally legalize marijuana set for House floor consideration this week, lawmakers on Thursday released a report on the legislation that effectively previews the partisan debate to come, with the majority and minority leaders of a key committee making their arguments for and against the reform. + +The 483-page report prepared by the House Judiciary Committee provides an extensive overview of the Marijuana Opportunity, Reinvestment and Expungement (MORE) Act, which is sponsored by the panel’s chairman, Rep. Jerrold Nadler (D-NY). +(31M) I have been building my tech company past 8 years and have the opportunity to sell the business and stay on to continue to run it. My take home would be $10M pre tax, $300k base salary plus bonus, and $5M earnout to stay 3 more years. The acquirer is a public strategic and has good reputation for making good on the earnout. I definitely want to start another business but don’t want to regret selling if I’m 3 years out from potentially 3x my current exit situation. Anyone regret selling too early or happy they did and successfully launched a 2nd company? +$120,000,000.00 is gone. No one knows what happened and where it is. You can't find too much about it really. + +The token I'm talking about is TokenPay (TPAY) that used to have 120m usd market cap, however now it is unknown how to access the assets... + +Maybe one day we will learn... +Welcome to the Daily General Discussion thread of /r/EthTrader. + +Find the latest Daily Altcoin Discussion thread by selecting the top result on this [search page](https://www.reddit.com/r/ethtrader/search?q=Daily+Altcoin+Discussion&include_over_18=on&restrict_sr=on&t=all&sort=new). + +*** + +The thread guidelines are as follows: + +- Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss altcoins in the Daily Altcoin Discussion thread. +- All sub rules apply here so please review our **[rules page](https://www.reddit.com/r/ethtrader/about/rules/)** to become familiar with them. The rules page is also linked in the announcement bar above. +- If the top page becomes overloaded with memes, all but the top two voted may be removed. If we need to remove a bunch of memes from the top page, post memes in this thread first and upvote the best so the mods know which ones to keep + +*** + + Resources and other information: + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! + +I'm worth $2m at 29, so not fatfire yet (in a 1st world country at least). To get to this point I've just worked away on my own online for 10 years and lived very minimally (I thought, well, I'll get rich and then live the life). I could work more and add to it, but for what, maybe this is enough. + +The problem for me is, having spent so long out, I don't even know how to approach doing anything. People would assume with this kind of situation you'd be living some great life, however. +with the outbreak of Covid19, the premier of my province in Ontario Canada just announced that if you cant afford rent due to Covid19 you cant get evicted. Who is going to foot the bill? Any Canadian landlords worried? any solutions? +Recently, we have been exploring whether Ethereum could be used to improve r/ethtrader and vice-versa. For that purpose, we are seriously considering doing a token distribution (**NOT AN ICO**) to r/ethtrader users based on various factors (e.g karma). This token could then be used as a reputation points for various purposes. + +- +- + +**Applications** + +The main use of the token, at least initially, would be to: + +* Evaluate/Rate ICOs & Ethereum Projects +* Tipping users for posts & comments +* Identify Ethereum account-holders. Identify a user as having crossed some threshold of capacity and effort with using Ethereum. Could help mods deal with trolling and brigading. Users could optionally filter posts and comments based on this also. +* Individuality. While not 100% anti-sybil proof, a reddit user linked address would have *some* anti-sybil claim, a claim which might increase over some threshold karma. Such a claim might be useful for ICO whitelisting or bootstrapping a web-of-trust. + +There are other possible uses, such as award badges, submission rewards, burning tokens to authorise stickies, special flairs, etc. that could be explored as well. + +- +- + +**How might these uses be achieved?** + +* Create a smart contract **registry** that maps users to their chosen ethereum address along with karma accrued to a certain date +* Initialise and distribute **EthTraderToken** to users using the **registry**. +* Develop a **browser plugin** that augments the r/ethtrader ui, using information pulled from the **registry** and **EthTraderToken** contracts. The normal r/ethtrader experience would not be altered. This would just be an optional Ethereum-powered upgrade. +* Develop a dApp to better facilitate voting and other functionality + +- +- + +What other ideas do you have for using a token like this or Ethereum itself within the r/ethtrader community? +I am holding 50% cash waiting for the next big drop. But every day SP500 goes up and up. I have missed huge gains by holding cash. + +I guess for us retail investor it is just impossible to predict what market can do. And for young investor with long horizon the price of waiting for the correction can be as big as investing in the wrong time (like before correction) +J. Crew Group Inc. filed for bankruptcy, unable to revive flagging sales of its preppy clothing line amid the coronavirus pandemic and crushed by debt rooted in a long-ago leveraged buyout. + +Source: https://www.bloomberg.com/news/articles/2020-05-04/j-crew-files-bankruptcy-felled-by-pandemic-and-crushing-debt?utm_source=facebook&utm_campaign=socialflow-organic +Welcome to the **/r/EthTrader** Daily Discussion thread. The thread guidelines are as follows: +*** + +- Discussion topics include but are not limited to general discussion on Ethereum, details related to events of the day, technical analysis, alternative Ethereum projects, and minor questions. +- Important content should be submitted as a separate post. +- Be excellent to each other. + +*** + +Thank you in advance for your participation. Enjoy! + +Good evening everyone, I was recently approached by the reddit user: **Brisley001** + +I am a new investor and they spent the past 3 days talking to me, trying to convince me to join their website: [https://www.reddit.com/r/airlinetrades/](https://www.reddit.com/r/airlinetrades/) + +&#x200B; + +I knew right away she was a scammer, because of the pictures she posts still have the watermark on them and when you search the watermark name you can see multiple people are pretending to be that person. + + +I just wanted to warn you all of this person and be careful in general of anyone asking you to invest into their scheme. This one in particular was a BTC mining scam; you give them money, they guarantee a certain percentage back. + +&#x200B; + +Be safe out there everyone and enjoy your weekend!! +Follow-up to [this](https://www.reddit.com/r/fatFIRE/comments/ewjz5b/comment/fg5jj2r?utm_source=amp&utm_medium=&utm_content=comment_timestamp) post, mods verifying users in r/fatFIRE are saints. TL;DR moved from an 1800 sq ft townhouse to a 7900sq ft home. + +A lot of helpful info was posted in the last thread. Some things that have rang true: + +1) Maintenance on a large home is really hard to understand until you are there. It is exactly what you would think: The same as a 2000sq ft home, but 4x as much (probably 5-6x given the increased complexity), except it's difficult imagine what 4x as much looks like until you live it. Unless you have some sort of a property manager, it is at least an hour or two a week minimum of organizing tradespeople and buying whatever parts or lights you might need or otherwise. People think "just pay someone" but there are jobs too small to be worth calling someone out, like changing any of the 200 lightbulbs, of which it seems there are at least 6-8 different types in use, then getting someone to come fix the built-in espresso maker, having an electrician come because for some reason the lights around the master bath keep tripping a breaker (loose wire), etc. It's not big $$ fixes, but it's hard to get away from having to quarterback it all. + +2) Many tradespeople take one look at your place and try to take you for a ride. One guy came out to fix the indoor pool when we first moved in, said that he would need 3 guys to come out and dig up the stone tiles surrounding it to find the issue and refused to provide any kind of quote, saying it would be based on straight time. I was about to move forward, but went underneath in the crawl space and found one single vacuum line had come loose, plugged it in, and it started working again. I have never fixed a pool in my entire life. If I have any advice, do not trust anyone you just meet, and get 3 quotes where possible for bigger jobs (this has been more difficult this year, especially at the beginning of COVID). + +3) I had a number of questions in the last thread about interior decorating. COVID put a halt to a number of our plans as supply-chains were disrupted and items we wanted were backordered by months, leaving us with fully empty rooms. We filled the place with serviceable furniture that we were able to acquire within weeks as we had essentially nothing to start, and surprisingly we are very happy with most of it. We're replacing a few things, but we have saved a ton by buying cheaper stuff and replacing as we go. When confronted with the choice of a cheap or much more expensive item, I have now found that if there is not immediately a clear-cut winner as a gut-feeling, 99% of the time I don't care after it's delivered, then shortly thereafter appreciate having spent less. If you find yourself in the same situation, do yourself a favor and heed this advice, we have saved 6-figures on this alone compared to our pre-covid plan. + +4) Some high-end homes have unnecessarily complicated fixtures which I would never buy now if I were building a similarly priced home. The windows in this place are beautiful but are made in Europe. One of the locking mechanisms for oversized dual-opening patio doors broke, and after 9 months they still have not fixed it. We literally cannot open it, which isn't a huge deal since there is another set right beside them, but the company has said they need to manufacture this specific mechanism, and something about COVID has made this more difficult. Writing this just reminded me to call them for the 12th time. + +5) Do not, under any circumstances, invest money in complicated home electronics that aren't widely available unless you would be okay lighting a pile of cash on fire. This place is a late-2000's electronics graveyard. Boxes and boxes of incredibly expensive equipment thrown out because all of the things you needed teams of people to install 10 years ago can now essentially be handled by Alexa/Lutron/Hue/Sonos for 1/10th of the cost, and 10x more intuitively. Automated TV mounts, I'm not even sure if that was cool back then. + +6) Buying a large, luxury home has been 100%, unquestionably worth every penny and minute of time. The ~2000sq ft of recreation space has been used extensively and the gym is a godsend. We still use all of the common space daily. If you are thinking of buying a large home and are worried about whether or not you will have dead space, I've found it has much more to do with how the home is designed than it is with the square footage. Friends that have rooms they don't go in often have features like formal dining rooms, offices they don't need with no other clear purpose for the room, etc. that you probably could have predicted would not be used if you had thought about it beforehand. + +To everyone who doubted the veracity of the last post, take time to thank the mods for verifying users so you can now spend your time on something more useful than trying to call out strangers on the internet. +Over the past few months I've realised how well growing up in poverty has prepared me for money getting tighter. Just thought I may share some tips to help you save some pennies as much as possible! + +- Cook more than you need and freeze/ have left overs for lunch. Boring diet is sometimes better for your wallet + +- Learn how to use herbs and spices, makes it easier to cook from nothing + +- You can get herbs and spices cheaper at a local zero waste store, or by buying in bulk + +- You can trim the ends of your own hair, it won't be great but it will do and will save you money + +- FOR THE LOVE OF GOD, DO NOT SHAVE YOUR DOG + +- For holidays you can get camping gear very cheap on Facebook market place. Pack up a bag and go for a night. You'll get away and feel refreshed + +- If you get a prescription monthly ask your doctor for three months worth in one go as your repeat. They will probably say no, but you may get two months worth per script + +- If you have the time get involved in volunteering, it's free and sometimes you'll get something out of it. I volunteer with a local youth group, I get a week camping each year, okay it's chaos but you don't spend a penny all week and you feel like you've done something good + +- If you have any specific dietary requirements try and replace foods instead of buying the dietary requirement friendly food. E.g. I can't have gluten, I now eat rice instead of pasta +Not the stock. The **actual company.** + +If we all get together and own 51% then we will own this entire website. + +We could make the rules, profit from the advertising, and finally get paid for the memes we make. + +I've even come up with a list of things we could do as new owners: + +1. Reddit mods can apply for paid-internships at Reddit. This is much closer to having a real job than what they currently do and would benefit the organization. +2. Your flair is your official title at the company. IE: instead of "CFO" you'll be "PotatoFart" +3. NSFW posts will receive special protections--and if you happen to work in our new skyscraper then NSFW posts are automatically considered SFW. +4. Everyone gets a turn in the corporate jet. +5. Elon becomes a mod. He can also apply to become a paid intern. +6. We have a monthly party on our company yacht: *The S.S. VisualMod*. +7. Our corporate cafeteria is a dining hall with fast food restaurants along the side--but they're all Wendy's. + +I think this is a great idea. + +Keep it high and tight. + +👖🚀👖🚀👖🚀 + +Edit: Well, if you guys are going to spend money on awards for this dumb post IDK how we're going to buy enough Reddit shares to own the company. Mission aborted. + +Also, it seems that roughly 23% of Redditors don't like a fun joke--so we wouldn't want to share equity with you losers anyway. +Love you brother APE. Thanks for all you have done for this community this year. YOU are a solid dude who doesn't seem to have a bad bone in your body. I hope you take time to reconsider your retirement from The daily synopsis. We are in the closing phase of our great journey. WE need you and all other Silver backs to help Sheppard us to the promise land. The shills smelled blood in the water and were out in droves to begin with. I felt that your commentary provided great value. Sober thoughts contrary to one's point of view are necessary to formulate productive discussions and critical thinking. +If this is the end of the line, Thank you brother. + +Also I feel like apes are feeling a void in they're hearts with the end of DFV' Tweets and are mourning by lashing out. Hearing something you don't agree with from someone you respect , while all these emotions are running rampant whether excitement/angst/anticipation/fear etc can be viewed as angry but it is usually a manifestation of feeling hurt. +Try not take it personally brother. GODSPEED u/rensole + + +🦍❤🦍 +🚀🚀🚀🚀🚀🚀🚀🚀🚀 +I'm looking at a rental house listing that doesn't allow German Shepherd, Doberman, Chow, Rottweiler, Akita, American Staffordshire Terrier, Pit Bull, Presa Canario, Great Dane, or Wolf Hybrid dogs because of the insurance policy. + +Is this evidence based policy? Have those breeds actually been shown to be significantly more dangerous? + +If these breeds of dog aren't actually more dangerous, then are the insurance companies acting irrationally? Would it be more profitable to allow them? +The headline on Friday was that job numbers went up +528,000... but seasonally adjusted, the actual break down was: + +* Full Time -71,000 +* Part Time +384,000 +* Multiple Jobs +92,000 + +Unemployment rate slipped to 3.5 from 3.6, but labor force participation rate also moved down slightly from 62.1% from 62.2%. That implies some of that drop is from people dropping out of the unemployment calculation. Discouraged workers were up to 424k in July vs 364k in June. + +This is also the second month in a row that seasonally adjusted full time workers have declined. Before this month's decline, they declined -152,000 in June. + +[Source for the above: BLS](https://www.bls.gov/news.release/pdf/empsit.pdf) + +The % of the population employed has actually been decreasing [since March](https://www.peoplespolicyproject.org/wp-content/uploads/2022/08/Percent-of-the-Entire-Population-That-Is-Employed-4.svg). + +You can also read about it in this [CNBC](https://www.cnbc.com/2022/08/05/july-jobs-report-shows-more-americans-working-part-time.html) article, which says of the increase in part-time workers, "Involuntary part-time workers,” those in part-time positions for economic reasons, increased by a seasonally adjusted 303,000 in July." + +--- + +Adding to that, on Friday the Federal Reserve announced consumer borrowing rose 10.5% in June, after rising 6.3% in May. Revolving debt was up 16% m/m. In total, non-housing related debt grew in the second quarter by the most since 2016. [Source: CNN](https://www.cnn.com/2022/08/05/economy/june-consumer-credit-report-debt-increase/index.html). + +Americans opened 233 million credit card accounts in the second quarter, the most since 2008 according to the NY Fed [Source: CNN](https://www.cnn.com/2022/08/02/economy/consumer-credit-borrowing-surge/index.html). + + + +--- + +Politicians and the top post on the sub seem excited but these numbers just don't look bullish to me unless you're looking for a part-time job in hospitality. + +If the fed takes the headline numbers as license to raise rates even faster, we probably see more businesses laying full-time workers off. + +--- + +**The top comment right now is asking about why the numbers don't add up to 528 so I'm adding that context here.** First, here's screenshots of CNBC [screenshot](https://imgur.com/oO7Elqd) and the [source article link](https://www.cnbc.com/2022/08/05/july-jobs-report-shows-more-americans-working-part-time.html) and the [BLS site](https://pbs.twimg.com/media/FZaMiRFWIAEZE73?format=jpg&name=large) to back up the original numbers. + +They were all sourced before but screenshots because redditors don't like clicking links. + +Anyway, the +528 is seasonally adjusted but it is from the Establishment Survey (pages 6-7 of the [Bureau of Labor Services monthly Employment Situation report](https://www.bls.gov/news.release/pdf/empsit.pdf)). Only the Household Survey data reports the breakdown between part-time and full-time is only reported in the Household Survey pages (pages 13-41). The Household Survey is how we determine the national unemployment rate and the labor force participation rate among other stats. + +There is a different sample population (Household is bigger N, Establishment is smaller) and some differences between how people are counted in each survey. For example, if someone works multiple jobs they appear multiple times in Establishment but only once in Household. If someone is self-employed they appear in Household but not Establishment. Household counts self-employed but total Total Nonfarm Payroll was 152,536k for Establishment and employed Civilian labor force was 158,290k for Household. + +So the numbers are a little off because the data sets are different even though both are published in the same report by the BLS. +This topic is frequently brought up in the media: + +* [Coronavirus pushes millennials to re-skill or face years of wage inequality](https://www.abc.net.au/news/2020-06-06/coronavirus-will-leave-biggest-scar-on-new-graduates/12324244) +* [Millennials are getting crushed by back-to-back economic crises](https://business.financialpost.com/personal-finance/young-money/millennials-are-getting-crushed-by-back-to-back-economic-crises) +* [Millennials Have Had the Worst Economic Luck](https://www.bloomberg.com/opinion/articles/2019-11-12/millennials-have-had-rotten-economic-luck) +* [Millennials are buckling under all kinds of debt, and they're freaking out](https://www.businessinsider.com/personal-finance/millennials-debt-stressed-generation-2019-10?r=AU&IR=T) +* [Millennials' habits are threatening countless industries — but a new report says it's only because they're poorer than their parents](https://www.businessinsider.com.au/millennials-killing-industries-because-theyre-poor-2019-5?r=US&IR=T) +* [45 Percent of Millennials Say That Living Costs Hold Them Back From Buying Homes](https://www.newsweek.com/45-percent-millennials-say-that-living-costs-inhibit-them-buying-homes-1458840) +* [OECD: Millennials are falling out of the middle class](https://www.cnbc.com/2019/04/12/oecd-why-millennials-are-falling-out-of-the-middle-class.html) +* [Millennials Are the New Lost Generation](https://www.theatlantic.com/ideas/archive/2020/04/millennials-are-new-lost-generation/609832/) + +If us millennials are living through such bad economic times, why? + +* Are we living with the consequences of previous generations' mistakes? +* Is this due to bad governmental policies? +* Is this a sign that rich countries have hit a brick wall in terms of de facto prosperity, regardless of what GDP per capita says? +When I was 22, I was working full-time. At the 6 month mark, I had my performance review. The review went great. I hit all my KPIs, was the strongest performer on the team and had a clean record. But one of my managers, whom I was not best friends with, asked me why I did not go to any social functions, or why I did not engage in smalltalk with other people. + +Eventually, this became the focus of the discussion. My manager said that I did not seem "excited" and that the way I was sitting at my desk and leaning over was "distracting". Other comments were also made about how I was not willing to participate in after-hours drinks which indicated a lack of teamwork ability. + +For the record, I have never drank alcohol and never will. + +At the time, I felt great but confused. Great because I had achieved A+ on my performance scorecard. Confused because of irrelevant comments about how I effectively was not a good cultural fit. Putting this aside, I was actually promoted to a leadership position 4 months after that interview, which goes to show how rubbish those observations were. + +Nowadays I work from home. I have no manager. Nobody knows what I look like. I do my own work, on my own teams, and as long as I meet the broader objectives of the organisation nobody hassles me. I much prefer it t hat way. + +For me, this is one of the biggest benefits. I feel as though I'm judged on merit, not on physical appearance or personality, and certainly not based on whether I've gone to drinking parties. + +Not sure if anyone can relate. + +&#x200B; + +EDIT: + +Seems like this thread has attracted a lot of interesting comments. Thank you. In response to some observations about "fitting in" -- I totally agree that good communication and interpersonal skills are needed if you are a manager. I think that sometimes, these skills get conflated with "cultural fit". + +For example, say you have a company run by men. They do construction work, and the boss has 20 years' experience in construction. A woman comes in. In such cases, it is not uncommon for the woman not to fit in or to experience, sadly, harassment, abuse, bullying, etc. This has nothing to do with the woman's lack of communication or technical skills. It is just human nature that like attracts like. If you look different, you don't "fit in" and as a result your career is capped. + +Yes a simplistic example, but you can extrapolate that and basically say the same of a lot of organisations as well. ORganisations do not operate in a vaccuum. They are made up of humans with biases, prejudices, feelings and emotions. This is the most fundamental problem here. +No, just no, you fucking interns. Fuck off with that BS. + +I've waited DECADES for this market to unfuck itself. I'm spry as a nubile Jedi youngling. You can take your shill ass "I'll be ancient when it squeezes" "I'm tired" "GME Takes forever" BS. + +NO DATES BITCH, including the dates you say are taking too long. + +I will downvote and report each and one of your FUDDy-pudding posts. +Investing is not just about return, it is also about peace of mind, and Warren Buffett sees the value of index funds, such as those tracking the S&P 500, in accomplishing that goal, especially for inexperienced investors that might be prone to worry, or easily convinced by others to take on risky investments. + +“What is the best investment, meaning one that there would be less worry of any kind connected with and less people coming around and saying, ‘Why don’t you sell this and do something else?’ and all those things,” Buffett explained at the 2017 Berkshire Hathaway Annual Meeting. It is even an investment he would recommend for his wife after she inherits his assets, not that she would be selling her Berkshire Hathaway stock. “The object is not to maximize. It doesn’t make any difference whether the amount she gets doubles or triples or anything of the sort. The important thing is that she never worries about money the rest of her life.” + +Speaking of money and worry, Buffett tells the story of his elderly aunt. + +“I had an Aunt Katie here in Omaha, who Charlie knew well, and worked for her husband, as did I. And she worked very hard all her life. And had lived in a house she’d paid, I think, I don’t know, $8,000 for at 45th and Hickory all her life. And because she was in Berkshire, she ended up, she lived to 97, she ended up with, you know, a few hundred million. And she would write me a letter every four or five months. And she said, ‘Dear Warren, you know, I hate to bother you. But am I going to run out of money?’ And… I would write her back. And I’d say, ‘Dear Katie, it’s a good question because, if you live 986 years, you’re going to run out of money.’” + +**Buffett’s full explanation on index funds** + +[https://mazorsedge.com/lessons-from-warren-buffett-why-index-funds-are-good-for-a-certain-type-of-investor/](http://mazorsedge.com/lessons-from-warren-buffett-why-index-funds-are-good-for-a-certain-type-of-investor/) +u/leisure_rules has pointed me to the OCC - something that I should have been taking a look at since the beginning of my journey into the workings of the Fed. + +So I decided to look deeper. OP: [https://www.reddit.com/r/Superstonk/comments/ocfcfi/occ\_rule\_in\_effect\_7121\_net\_stable\_funding\_ratio/](https://www.reddit.com/r/Superstonk/comments/ocfcfi/occ_rule_in_effect_7121_net_stable_funding_ratio/) + +**TLDR start** \- and this is not short, as the document is close to 10k pages, with this section of 102 pages alone; + +After the recent test, it looks like the Fed shat themselves. A new rule was rushed to be introduced by the self-regulating fucks for the banks and split NFSR into 4 categories of application. Despite the rule having been in plan since 2016 and kind of in play, but has a ton of mentions of ‘08 crash. + +[the Fed looking back at the '08 crash - I'll fucking do it again!](https://preview.redd.it/gpshz8d4mw871.png?width=808&format=png&auto=webp&s=5217e1c67fed03fb4076ac08fdc6b6661210b8d3) + +Only the Category II of the banks have submitted a comment that the fucks in Category II will have a **fire sale** with such strict requirements. Rule passed for more stringent reporting just after the Fed passed the stress test for the banks, allowing them to buy back shares ($12Bn worth, likely the $12Bn that they got from gouging their customers on overdraft fees - no joke ($11Bn in 2019)). + +Because it is instituted on July 1st, 2021 - allowing the banks to have 10 business days to provide a response/plan on how to deal with their shitty NFSR ratio - we are likely looking at a few weeks if the NFSR ration is rated as bad in some of the banks. But we can expect some movement in the market next week - real movement. + +Now these agencies are no longer going to count derivatives towards a positive ASF (Available Stable Funding) factor. Further, RSF (Required Stable Funding) factor is set to 100% for the derivatives. This is a double-banana worthy of Rick! + +Look at the equation (sauce to u/leisure_rules) : + +[NSFR Ratio calculation](https://preview.redd.it/06e8x7immw871.png?width=350&format=png&auto=webp&s=02ab003204ff3a22949659661339635e9a41fbdf) + +**What is ASF:** + +* Sum of carrying values of the banking organization’s liabilities and regulatory capital, each multiplied by a standardized weighting (ASF factor) ranging from 0 to 100%. + +Here’s the chart of proposed ASF factors: [https://www.federalregister.gov/d/2020-26546/p-363](https://www.federalregister.gov/d/2020-26546/p-363) + +**What is RSF:** + +* Sum of the carrying values of its assets, each multiplied by a standardized weighting (RSF factor) ranging from 0 to 100% to reflect the relative need for funding over a 1 year horizon based on liquidity characteristics of the asset +* PLUS RSF amounts based on the banking organization’s committed facilities and derivatives exposure (CRIAND!!!) + +Here’s the chart of the RSF factors: [https://www.federalregister.gov/d/2020-26546/p-481](https://www.federalregister.gov/d/2020-26546/p-481) + +**TLDR end**; + +&#x200B; + +I’d like to put together a summary of what the fuck is going on - its all in plain English, and I suggest to read it yourself to gain more wrinkles: + +**Introduction** + +The OCC, the Fed, and OCC (agencies) are looking into a 2016 rule to establish NSFR (net stable funding ratio) for any institution with >=$10Bn of consolidated assets. + +Another two proposals that were being looked into are: + +* scope of NSFR +* Complex Institution Liquidity Monitoring Report (FR 2052a) - to basically get self-regulating information from the banks (Smells like Goldman’s F3 to anyone?) + +**Background** + +In the ‘08 crash, the banks had issues with risk management, specifically how the banks managed their liabilities to fund their assets. + +Further, there was an overreliance on short-term, less-stable funding - no shit, they were leveraged to shits. + +In response, Basel Committee on Banking Supervision (BCBS) created 2 liquidity standards: + +1. **Liquidity Coverage Ratio (LCR)** \- for high net cash outflows in a period of stress +2. **NFSR** \- for banks to not be taking handies behind Wendy's after using their credit cards to play the casino + +Part of the LCR rule was for the banks to hold a specific amount of unencumbered high-quality liquid assets (HQLA) that can be easily converted into cash to meet payments for a 30-day stress period. + +Along with the “poorly done” Dodd-Frank Act, the board (Fed) decided to adopt an “enhanced prudential standards rule, which established general risk management, liquidity risk management, and stress testing requirements for certain bank holding companies and foreign banking organizations.” + +# PROBLEM: The framework never addressed the relationship between a banking organization’s funding profile and its composition of assets and off-balance commitments. NO SHIT! + +# ANOTHER PROBLEM: The fucking rule was passed AFTER the recent stress test! + +Here’s where the margin debt comes in - being 2x that of ‘00 and ‘08 crashes. Coupled with u/Criand DD - means the OCC is realizing how big of a shitshow it has become, and was never dealt with until Retail started making money and exposing their shit. + +[Margin Debt w\/ S&P500](https://preview.redd.it/h6z4tnfdnw871.png?width=1238&format=png&auto=webp&s=2379718666e122b78046c5be4ee487a7df8ec057) + +**Overview of the Proposed Rule and Proposed Scope of Application** + +* The Proposed Stable Funding Requirement + +1. In June ‘16, comments were invited on the rule +2. Rule was generally consistent with the Basel NSFR, but has some characteristics of U.S. market +3. Proposed rule: maintaining ratio of ASF equal or greater than the minimum funding needs (RSF) over a 1 year horizon to be minimum 1.0. + +**The Final Rule** + +* The final rule assigns a zero percent RSF factor to unencumbered level 1 liquid asset securities and certain short-term secured lending transactions backed by level 1 liquid asset securities +* The final rule provides more favorable treatment for certain affiliate sweep deposits and non-deposit retail funding +* The final rule permits cash variation margin to be eligible to offset a covered company's current exposures under its derivatives transactions even if it does not meet all of the criteria in the agencies' supplementary leverage ratio rule (SLR rule). In addition, variation margin received in the form of rehypothecatable level 1 liquid asset securities also would be eligible to offset a covered company's current exposures +* The final rule reduces the amount of a covered company's gross derivatives liabilities that will be assigned a 100 percent RSF factor + +**Application of the final rule.** + +The agencies have decided to break down the application/companies into 4 categories: + +* **Category I**: US global systemically important banks (GSIBs) and any of their depository institution subsidiaries with >=$10Bn in consolidated assets +* **Category II**: Top-tier banking organizations, other than US GSIBs, with >=$700Bn in consolidated assets of >=$75Bn in average cross-jurisdiction activity, and to their depository institutions with >=$10Bn in consolidated assets. +* **Category III**: Top-tier banking organizations that have >=$250Bn in consolidated assets, or that have >$100Bn in consolidated assets and also have >=$75Bn or more in: + * Average nonbank assets + * Average weighted short-term wholesale funding + * Average off-balance sheet exposure (not in Category I or II) +* **Category IV**: Top-tier depository institutions holding companies or US intermediate holding companies that in each case have >=$100Bn in consolidated assets and >=$50Bn average weighted short-term wholesale funding (not in Category I, II, or III) + +**NFSR Requirements by Category** + +1. Category I: 100% +2. Category II: 100% +3. Category III: 85% +4. Category IV: 70% + +**Short Sales** \- I SUGGEST YOU READ THE WHOLE SECTION (IT IS GOLD) ([https://www.federalregister.gov/d/2020-26546/p-810](https://www.federalregister.gov/d/2020-26546/p-810)) +Tiki is the biggest auto-redistribution Token around , thanks to the current dip , it's down to 24m cap , from 42m ATH , so it's a great opportunity now ! + + +Nobody else cracked the auto-claiming. Every 60 minutes, you get paid in BNB 🔄 + +Listed on Coingecko, cmc is next. + +The bigger the bag, the bigger the redistribution. + + +Auto BNB redistribution every 60 minutes. The bigger the bag, the bigger the redistribution. + +* 10% BNB Redistribution fully automated +* 5% LP pool +* 0.1% max supply per transaction +* 3% sell fee + + +PREMIUM Audit is done by HASHEX + +Reaching a new ATH every day. + +They’re working on a new anti-dip / buy back system that should be live this week. + +They’re also doing deals with big influencers + AMA on a 75k+ members crypto community tomorrow + +Contract: 0x9b76D1B12Ff738c113200EB043350022EBf12Ff0 + +Website : [https://www.tikitoken.finance/](https://www.tikitoken.finance/) + +Audit - Hashex [https://github.com/HashEx/public\_audits/blob/master/TIKI/TIKI%20report.pdf](https://github.com/HashEx/public_audits/blob/master/TIKI/TIKI%20report.pdf) + +Whitepaper and tokenomics- [https://www.notion.so/TIKI-Whitepaper-ae4b1469a64341fbbf07eceb6563bb16](https://www.notion.so/TIKI-Whitepaper-ae4b1469a64341fbbf07eceb6563bb16) + +Website : [https://www.tikitoken.finance/](https://www.tikitoken.finance/) + +Twitter : [https://twitter.com/realtikitoken](https://twitter.com/realtikitoken) + +Discord : [https://discord.gg/pU2qj7Ja8h](https://discord.gg/pU2qj7Ja8h) +1. The house is a 3 -2 with a large dining room area that we want to convert into a bedroom. We would put a door to one of the bathrooms and make it a private master bedroom and master bathroom. But this would make it a 4-2 without any good dining area. We are thinking of converting a small bedroom into a proper dining room. This bedroom already connects to the kitchen and has a door to the living room, we would just need to remove a closet for more space. Is this plan a bad idea to remove a bedroom for a dining room? + +2. The living room has no ceiling lights in it. Is it worth it to add some lighting? I know it's old-school to not have fixed lights but does it particularly add value? The rest of the house has fixed lighting. + +&#x200B; + +&#x200B; + +I swear I had more, but that's all I can think of for now. Thank you in advance for taking a look! +* Surging inflation and interest rates are hammering American consumers and weighing on the housing market. + +* Mortgage demand fell last week, hitting the lowest point since 2000, according to the Mortgage Bankers Association. + +* Buyers have lost considerable purchasing power as rates have almost doubled since earlier this year. + + + +The pain in the mortgage market is only getting worse as higher interest rates and inflation hammer American consumers. + +Mortgage demand fell more than 6% last week compared with the previous week, hitting the lowest level since 2000, according to the Mortgage Bankers Association’s seasonally adjusted index. + +Applications for a mortgage to purchase a home dropped 7% for the week and were 19% lower than the same week in 2021. Buyers have been contending with high prices all year, but with rates almost double what they were in January, they’ve lost considerable purchasing power. + +“Purchase activity declined for both conventional and government loans as the weakening economic outlook, high inflation and persistent affordability challenges are impacting buyer demand,” said Joel Kan, an economist for the MBA. + +While buyers are less affected by weekly moves in interest rates, the broader picture of rising rates has already taken its toll. Mortgage rates moved higher again last week after falling slightly over the past three weeks. + +The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($647,200 or less) increased to 5.82% from 5.74%, with points increasing to 0.65 from 0.59 (including the origination fee) for loans with a 20% down payment. That rate was 3.11% the same week one year ago. + +Demand for refinances, which are highly rate sensitive, fell 4% for the week and were 80% lower than the same week last year. Those applications are also at a 22-year low, but the drop in demand from homebuyers caused the refinance share of mortgage activity to increase to 31.4% of total applications from 30.8% the previous week. + +Mortgage interest rates haven’t moved much this week, but that could change very soon due to increasing bond market volatility. The Federal Reserve is expected to hike rates by another 75 basis points next week, and other central banks are taking similar action against inflation. A basis point equals 0.01%. + +“This is especially true next week as markets digest the newest Fed policy announcement next Wednesday, but Thursday’s policy announcement from the European Central Bank could also cause enough of a stir to impact U.S. rates,” noted Matthew Graham, chief operating officer of Mortgage News Daily. + + +https://www.cnbc.com/2022/07/20/mortgage-demand-drops-to-lowest-level-in-22-years.html +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) +My Parents opened a Safe custody box with NAB in the mid 90's. They stored our families jewelry in the safe custody box. They last opened the box in 2017. + +NAB decided to close their Safe Custody Service in 2021 and sent us a letter to come and collect our box. When my parent's showed up to the bank they said they couldn't find it and they would get back to us. + +In the correspondence afterwards, NAB claimed we never had a safe custody box and then claimed we voided liability by storing things of "Substantial Value" and not the allowed "Moderate Value" + +Has anyone had an experience similar to this? And could you please share some advice on how to negotiate a decent outcome. My family just want their stuff back but If not at least receive appropriate compensation. We've raised a case with AFCA and are in progress right now. Should we get a lawyer? + +Thanks + +Edit: Thanks everyone for the helpful information and advice, I'll update this post when we get a resolution. Hopefully positive. +Hey y'all. I just wanted to give an update on my first and favorite cryptocurrency. Moonpirate is really rocketing now and this is just the beginning. I'm so glad I got in early and I'm planning on buying a lot more! + +They are now sitting well over 65,000 holders and I think people are finally starting to realise that MOONPIRATE ARE A SERIOUS PROJECT. + +Will try and keep this post concise and to the point. Some of their deliverables so far have included: + +☠️PirateSwap launched (investors can purchase MoonPirate directly on their website) + +☠️Pirate Wallet Tracker launched (view how much your holdings are worth and how much you have gained by simply holding) + +☠️Get Nok Distillery (California, US) Service Agreement Signed, Sealed and Delivered and MoonPirate Dark Rum (with a hint of coconut – as voted by investors) is 3 to 5 months away + +☠️Catchment Brewing Co (Brisbane, Australia) – MoonPirate Tropical IPA 4 weeks away. Launch Party will be held at venue for those who can make it + +:☠️Updated Roadmap incoming including the expansion of the MoonPirate ecosystem (including $RUM native token which is going to be pretty crazy) + +☠️Governance Platform incoming (your MoonPirate holdings will dictate your voting potential) + +☠️Now on CoinGecko and CMC incoming!!! Add this to Blockfolio, Stocktwits & Delta + +☠️Weekly Live Video AMA’s (including founder, community manager and communications manager) + +On top of that, they have NFT’s, charity donations (Pirate Party kids cancer charity), billboards including Times Square New York, weekly Pirate Chronicles (medium articles) and more. + +Be sure to check out EVERYTHING on the website, which is being updated on a daily basis. + +Remember this is 100% rugproof (LP Tokens 100% burnt, ownership renounced, 2 x audits) + +Website: [https://www.moonpirate.finance/](https://www.moonpirate.finance/) + +TG: [https://t.me/MoonPirate](https://t.me/MoonPirate) + + +After seeing so many attractive ads of INDmoney US stocks investment, I decided to try it out. + +Started an INDmoney account and transferred my hard-earned Rs.1,00,000 there. This happened around mid September 2021. + +Till now the money is not transferred to their US stocks account. I followed up but it didn’t happen. In between I had an urgent personal requirement for money. So I wanted to withdraw this amount. I was not sure of how to do it. Wrote to INDmoney support but they never clarified\[This is my experience in all the cases I dealt with this support tem\]. + +Then I assumed if I delete INDmoney account, they would transfer the money back to me. The deletion process was pretty simple and I immediately got a confirmation mail on this. But it never mentioned anything about my money. I got desperate and contacted INDmoney support again. Their reply is given below. + +\-------------------------------------------------------------- + +*Thank you for writing to us.* + +*As we can see your fund is already reached to US broker account and it will be credited to your US stock account on 15 NOV 21 at midnight.* + +*Hence we cannot cancel the fund transfer.* + + +*In this case you can again create your US stock account and we will map the fund to your new US stock account.* + +*Kindly let us know if there is anything else we could assist you with.* + +\------------------------------------------------------------------- + +I wrote them a reply asking them to confirm once the money reached the US broker account. Even after 4 days I didn’t get any reply. + +I have decided to go ahead with my complaint with the concerned authorities and publicise in social media. This is just my first step….. + +**Difference in mail ids:** + +One thing I noticed is they have given the support mail id as [support@indmoney.com](mailto:support@indmoney.com) in their site. But if you write to that mail id, reply always comes from [support@indwealth.in](mailto:support@indwealth.in). the original mail id is not even copied in it. I suspect there is some foul play there as well. + +**My reques**t to all the members is to be careful with any broker. In this case I didn't know anyone who has dealt with INDmoney. It is always better if you go by word of mouth publicity than following Youtube celebrities. I made a mistake and I regret. But I decided to fight till I get justice. + + +After seeing so many attractive ads of INDmoney US stocks investment, I decided to try it out. + +Started an INDmoney account and transferred my hard-earned Rs.1,00,000 there. This happened around mid September 2021. + +Till now the money is not transferred to their US stocks account. I followed up but it didn’t happen. In between I had an urgent personal requirement for money. So I wanted to withdraw this amount. I was not sure of how to do it. Wrote to INDmoney support but they never clarified\[This is my experience in all the cases I dealt with this support tem\]. + +Then I assumed if I delete INDmoney account, they would transfer the money back to me. The deletion process was pretty simple and I immediately got a confirmation mail on this. But it never mentioned anything about my money. I got desperate and contacted INDmoney support again. Their reply is given below. + +\-------------------------------------------------------------- + +*Thank you for writing to us.* + +*As we can see your fund is already reached to US broker account and it will be credited to your US stock account on 15 NOV 21 at midnight.* + +*Hence we cannot cancel the fund transfer.* + + +*In this case you can again create your US stock account and we will map the fund to your new US stock account.* + +*Kindly let us know if there is anything else we could assist you with.* + +\------------------------------------------------------------------- + +I wrote them a reply asking them to confirm once the money reached the US broker account. Even after 4 days I didn’t get any reply. + +I have decided to go ahead with my complaint with the concerned authorities and publicise in social media. This is just my first step….. + +**Difference in mail ids:** + +One thing I noticed is they have given the support mail id as [support@indmoney.com](mailto:support@indmoney.com) in their site. But if you write to that mail id, reply always comes from [support@indwealth.in](mailto:support@indwealth.in). the original mail id is not even copied in it. I suspect there is some foul play there as well. + +**My reques**t to all the members is to be careful with any broker. In this case I didn't know anyone who has dealt with INDmoney. It is always better if you go by word of mouth publicity than following Youtube celebrities. I made a mistake and I regret. But I decided to fight till I get justice. +Welcome to the Daily General Discussion thread of /r/EthTrader. + +*** + +Thread guidelines: + +- Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss altcoins in the Daily Altcoin Discussion thread. +- All [sub rules](https://www.reddit.com/r/ethtrader/about/rules/) apply here so please be familiar with them. + +*** + + Resources and other information: + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! + +It's down 40% as of today but if you go on the website it says only 20% because they have some bizzare logic where YTD means as of Jan 31. I'm lucky enough to have gotten exited as it started to unravel in feb 2021 so I actually made a profit in ARKK. + +How much longer can this go on before Cathie has to shut down her fund? +I’m a supervisor in construction, back when I was labouring for the company a bloke started about 2 years after I started there. He’s a good bloke but a lot younger than me and obviously less experience than me. +Well as his supervisor I just done a rental reference for him and found out his on 50K a year more than me.. +*This yo resident hype man whatwhyisthisating, I’ve been following GameStop since the sneeze last year. You can see my latest DRS post to peep how much I’m holding. I’m a true believer that GameStop is going to change lives and bring power back to the people. That said, my life is great. Let’s jump in.* + +TL;DRS get on this spaceship, there’s no coming down 😎 + +I’m going to share in no uncertain terms, how GameStop lined up all their plans to stop the bears once and for all. No, there is no typo in the headlines, GameStop has lit the fuse and is ready to delight their shareholders as well as their customers. Reverse uno, bears will be crushed. And no, not the DRS rug pull kind of crushing.—seriously, what was that? Anyway, I digress… + +If you haven’t had a chance to watch Q3 earning and/or want to hear it (again), here’s a link for viewing/listening pleasure: + +https://youtu.be/GgJB5VGJQhw + +Recap: No fluff, no speculative language, no forward guidances, no Q&A, only French baguette. GameStop is running a business that appeals to shareholders and customers alike. Near-term profitability and long term growth is their focus and bullish. Here’s why— + +GameStop just reported that they are experiencing free cash flow. If you are unaware of what this is, check out this video posted by another ape—they deserve credit for finding this video, regarding free cash flow, play video at [5:07](https://www.youtube.com/watch?v=hefAHWvrFDQ). + +With free cash flow, GameStop is now free to invest in what they believe will bring greater value to their company. Now I checked past quarters earning calls and none of this language was seen nor heard, only discussed in this subreddit, until now; GameStop explicitly stated in this earnings call that they are now exploring potential mergers and acquisitions at the “right price point”. + +Similar to how they announced exploring crypto and digital assets in June 2021. Exactly a year later, they released the beta marketplace. Now no timeline for the M&A, as they have to dot their i’s and cross their t’s. If we follow the same pattern and trends on what they are planning to accomplish, a potential M&A is likely, close to, in the process, or nearly complete! + +**Now let’s get to the juicy stuff.** + +Y’all remember back in November 4, 2021, GameStop [“entered into a new $500 million global asset-based revolving credit facility (“ABL Facility”) with a syndicate of banks”](https://gamestop.gcs-web.com/news-releases/news-release-details/gamestop-secures-new-500-million-abl-facility-improved-0)? No? + +Well, now with this new loan credit facility, they now have lighter convenants, as we learned that their old credit facility (agreement) of $420 million prevented *distribution of dividends.* This is is important because the restriction from paying out dividends meant shorts could hold their positions indefinitely and free from the threat of paying out on the cost of dividends. And now with this new ABL credit facility, GameStop could have released a dividend at any point. Why haven’t they? + +In simplest terms, large investors want to see a company improve their performance. In addition ABL is usually for items that they can quickly turn around and pay off like a credit card. + +If we wanted to take this a step further, what if the asset used for this loan agreement was for something like an NFT? One: Gamestop’s agreement with WF and syndicate of banks is kind of obscure.—as in, do we know exactly what was underwritten? likely not, and who are these banks?; two: Typically, if you are a short seller and the company provides a dividend, short seller has to to pay out for every share they shorted. [Source](https://money.stackexchange.com/questions/9307/if-i-short-sell-a-dividend-paying-stock-do-i-have-to-pay-the-dividend) + +**Okay, try to follow my logic here** + +What if this ABL credit facility will be used to fund the distribution of the NFT dividend. And the agreement is that the only line that GameStop is on the hook for is the cost to mint? Shorts must buy back all the dividends… which could pay back the loan after let’s say very few transactions. And, if none of them are able to buy back all dividends cause the cost is too prohibitive, what would happen with shorts’ positions? 😏 + +Edit 1: ABL assumes the risk to the lender and I simply provided a hypothetical, but let’s assume that the ABL agreement was simply a way for GameStop to create a lighter covenant, one that would allow them to distribute a dividend at any time. + +[Part 2 here.](https://www.reddit.com/r/Superstonk/comments/zipfdn/part_2_of_bullish_earnings_call/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + +u/1twowonder +u/the_Lauz + +This is for y’all 😎 +Homepage: [https://www.sec.gov/](https://www.sec.gov/) + +Tips, Questions, Complaints: [https://www.sec.gov/complaint/select.shtml](https://www.sec.gov/complaint/select.shtml) + +WhistleBlower Office: [https://www.sec.gov/whistleblower](https://www.sec.gov/whistleblower) +Hey guys! + +First post on my end, so be nice😅 + +Lately I've noticed that there has been a lot of stocks with quite insane intra day surges, 50%-100% per day. Yesterday it was $RKT, today it's $UWMC and $KMPH. +My question is simply: how do people get to these stocks FIRST? I always seem to notice such stocks as they're near their peaks, and thus never getting a piece of the pie. + +Haven't tried day trading yet, but I find it really fascinating. + +Thanks for all replies👍 +I posted this on our sub-reddit, but I want to re-post it to this sub too - because it applies in every way to Superstonk. Everything I say below is meant for this community too, because I wouldn't have found the support that I have without you. Some people on this sub have pointed out that I've been more publicly aggressive over the past couple of months and have wondered if it has to do with the support of the community - unequivocally the answer is yes. I am energized and excited, and here is how I'm feeling right now: + +&#x200B; + +I want to take a minute and thank everyone on this sub-reddit, and everyone who has supported us in general. This year has really been an amazing one. I could never have possibly imagined coming into 2021 that this is where it would end. The last couple of years have been hard ones, and the last couple of decades have been hard for many as well. The current power structures are incredibly corrupt, and the level of inequality is simply disgusting. + +I am an eternal (some would say naive) optimist. I still believe in taking on corruption and inequality, and I still believe that grassroots efforts can effect that change. I've been fighting for more fair, transparent, liquid, efficient markets for 10 years now. And I have continued that fight despite setbacks of all kinds. To have the support of all of you, and to be entering 2022 fighting this fight WITH you is one of the most exciting developments of my career. + +I can't thank you enough. + +2022 is shaping up to be a pivotal year in market structure. We will see some of the biggest incumbents challenged in many ways, which will hopefully include the elimination of PFOF and off-exchange trading without material price improvement. These firms make billions of dollars a year, and the executives in charge make HUGE bonuses. It will not be easy or quick to take on these powerful firms, especially when they claim to represent retail. + +I hope we can completely change that narrative. I hope we can enable and empower RETAIL to represent RETAIL. And I hope that our team at The Terminal can help to organize and strengthen those efforts. I've never been as optimistic at the possibility of changing the system as I am TODAY! + +I believe in leveling the playing field - getting retail investors access to the same high quality data and tools that the professionals have. + +I believe in truly democratizing information, data and access - not turning retail into a product to be sold to high-speed speculators. + +I believe that you can align incentives so that everyone wins, while taking on the biggest and most powerful incumbents on Wall St. + +I believe we can change the system when we work together, point out corruption, and build a movement so big, it cannot be ignored! + +I believe that business-as-usual in financial regulation needs to END. + +Corporate concentration of power needs to END. + +Incumbents charging undue rents and stifling competition needs to END. + +I'm FIRED UP right now, and ready to take on the system. I'm FIRED UP because of all of you! You've done this, you've organized, you've decided ENOUGH IS ENOUGH, and I'm thrilled to be in the fight with you. + +Thank you. +So my fiance is awesome but we know that half the time these things don't work out so we are looking at a prenup. I want to be very fair and reasonable when it comes to assets/income. The problem is that I am having trouble wrapping my head around what that is. I obviously am going to talk to a good family law attorney in my state, but I find it helps to know what you want beforehand to a certain extent. + +My fiance isn't worth a whole lot monetarily but he is very responsible with money/spending. I have low 8 figures in NW right now and \~750k a year in W2 income. Much of it is in closely held businesses with my family. + + +The last thing I want to do is screw him over or entangle the family businesses in a messy situation. I also don't necessarily think that he should have a high income/NW in perpetuity, just because he married me. Anyone got any ideas on what is fair? +Please be safe out there everybody. It's fun and exciting and all but remember that there are also times when you can decide that what you have is enough and cash out. If you have millions going into a Yolo, maybe also make sure you keep a bit on the side. + +At the end of the day, just make sure you find your point where you stop because sometimes it's good to decide that what you have is enough instead of constantly chasing higher up the chain of health. You will always seem poor next to those you compare yourself to! + +Anyway happy trading, just please try not to risk your wellbeing. +You are now able to buy the NFTS with $NSFW, making us the FIRST Adult Marketplace to offer NFTs for sale using their native token for payment! + +As many of you know, a lot of projects in the BSC space these days have a very basic mindset. Release a token, hype it up. If it takes off, start putting together a team and thinking of use case. This has happened with the biggest names in the BSC space and keeps happening. This generally leads to pumps and dumps and most people leave at a loss. We don’t want any of that at xxxNifty. + +A little bit about the project: + +xxxNifty has a different mindset. The NFT marketplace was ready and functioning for nearly a month before release of the token. Marketing budget hasn’t been blown on billboards in Vegas and TikTokers, but rather on porn conventions to get adult content creators onboard and to get xxxNifty name out there. Whilst other similar projects release promises of a marketplace, we already sell NFT's. + +Complete overhaul will come in Q3 2021. The biggest updates on V2 will be how the NFT's allow exclusivity and access to your favorite creators. We will be implementing the use of exclusive NFT's that allow access to Streams, DM's, Webcam & VR Streams. + +Brand ambassadors in numbers: + +Cali Carter (297K+ Twitter followers/192K+ OnlyFans likes/76M+ Pornhub Views) + +Adreena Winters (174K+ Twitter followers/30k+ Instagram followers/20M+ Pornhub views) + +Sabien Demonia (49K+ Twitter followers/84k+ Instagram followers/8M+ Pornhub views) + +Ginger Lei (5.8K+ Twitter followers/110K+ Chaturbate followers/1.1K+ OnlyFans likes) + +QueenSkydive (800+ Facebook followers/1.9K+ Instagram followers/11.5K+ OnlyFans likes) + +Dee Siren (122K+ Twitter followers/10.5K+ Instagram followers/56M+ Pornhub views) + +Poly Annie (5.2K Chaturbate followers/1.6K Instagram followers/9.3K+ OnlyFans likes) + +eXXXotica EXPO 2021, in-person convention. Brought to you by CHATURBATE, MYFREECAM and CAM4. Team will be attending Exxxotica Chicago, Miami, and New Jersey. + +Marketing plans: + +PR manager signed - BSG PR their current and previous clients include Gene Simmons, Sasha Grey, Adam & Eve, Penthouse, Phoenix Books, The AVN Adult Entertainment Expo, Joanna Angel, BurningAngel and the list really goes on and on… + +Looking onto onboarding a PR firm specializing in crypto PR in addition to our Adult PR expert. + +Our Brand Ambassadors have started marketing on their social media platforms. + +Xbiz has written about us several times now, and recently XXXNifty was trending on their main website. + +Applications submitted for listing on HOTBIT and GATE.IO, discussions with KuCoin and other exchanges in progress. + +Poo Coin Ads are running. + +Chart, website and all the fun stuff: + +Tokenomics - 5% to LP providers/2% burn/2% holders/1% marketing (total 10%) + +🧑‍🤝‍🧑 Holders: 16,266 + +💴 Market Cap: 5,434,452 $ + +💧 Liquidity Pool: 585,687.55 $ (10.78%) + +💰 Circulating Supply: 40,297,511,724 (58.36%) + +🔥 Total Burn: 28,753,320,556 (41.64%) + +🔥 Manual Burn: 28,107,183,415 (40.71%) + +🔥 Reflection Burn: 646,137,140 (0.94%) + +🚀If you want to know more about Website and Contract you will find the information here + +📈0x9DAAa05946e486ADd2c81e0d32D936866B8449D9 + +📱Telegram Official Channel : xxxnifty +[https://www.ft.com/content/b9d21ee4-c94a-4b10-aef8-532bf11fcc4f](https://www.ft.com/content/b9d21ee4-c94a-4b10-aef8-532bf11fcc4f) + +Am I the only one that thinks this is nuts? They have delivered 20,000 cars to date.... seems like prime tech froth + + +For those of you who have been following my posts, you may know i started my career in security as a homeless man. Early last year, I got myself out of homelessness. + +Shortly after the pandemic, my leaseholder went awol. Won't answer phones, text messages, emails, nothing. + +Today the property owner came, demanding his back rent. Despite explaining the situation, showing him proof, and practically begging for time, the man was adamant that we had to pay if we wanted to stay here. + +Since none of us can come up with $6000 and I'm still looking for steady work, we will all likely be kicked out. + +The other three have somewhere else to go. I don't. So for me, it's back to the shelter. + +one of my clients has a real estate attorney in my inbox giving me some useful information. Turns out, even if there wasn't a pandemic, the landlord is going to have a Hard time evicting us. + +I can't say I know the specific laws he's using, but one of the people here is a saleswoman. So she's gonna work her magic and see what can be done. + +Meanwhile, I've been binge applying to every company I can find. Flipping burgers, serving coffee, executive protection service, bag boy, p\*\*\* star, Consultant, Food distribution at a food bank, you name it. I haven't slept yet so that's a factor working on me. Let's see what happens. + +Wish me luck! Because despite the tragedy in this story, I still have a significant amount of a\*\* to kick! +I understand it's "just Zillow", but I do want to explore this hypothetical a bit. + +Home prices are becoming wildly insane in almost every market. + +What happens when the average earning American AND now the above average earning Americans are increasingly priced out of home buying? How does this actually go if we go down this path? + +Homes that were $250k 2 years ago are flying off the shelves at $400k+. Considering an additional ~15-20+% increase, how would this actually play out long term? Because the prices are not going to just all of a sudden go back to Pre-COVID pricing. + +So, Would we just hope and pray that at some point wages would catch back up? or hope that a crash happens? I want someone more knowledgeable than me to help me understand where this goes because I don't see it ending in anything less than madness lol. Wages are not rising fast enough for basic life stuff and rent let along home buying...and if the result isincome requirement to comfortably afford the average home is in the low to mid 6 figure range, what happens? +/rant/I mean I am investing in stocks for 22 years now and I wouldn’t even know the abbreviations of my own holdings +. How do you expect me to rate your portfolio when you just post abbreviations? I am not going to fucking google all of them …. /rant over/ + +Edit: Some folks in the comments don’t seem to understand my point. This rant is not about the moment you buy a stock - yes you need tickers for that. This is about the moment someone asks for their portfolio to be reviewed. The ticker is not the most important . The most important is to know the name of the company in order to give feedback. + +Edit2: English is not my first language - we call it abbreviations here - most people call it ticker elsewhere. To those who called me dump because of this - at least I speak 2 languages :) lol +Welcome to the Daily General Discussion thread of /r/EthTrader. + +Find the latest Daily Altcoin Discussion thread by selecting the top result on this [search page](https://www.reddit.com/r/ethtrader/search?q=Daily+Altcoin+Discussion&include_over_18=on&restrict_sr=on&t=all&sort=new). + +*** + +The thread guidelines are as follows: + +- Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss altcoins in the Daily Altcoin Discussion thread. +- All sub rules apply here so please review our **[rules page](https://www.reddit.com/r/ethtrader/about/rules/)** to become familiar with them. The rules page is also linked in the announcement bar above. +- If the top page becomes overloaded with memes, all but the top two voted may be removed. If we need to remove a bunch of memes from the top page, post memes in this thread first and upvote the best so the mods know which ones to keep + +*** + + Resources and other information: + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! + +[Link to the Q1 financials.](https://tesla-cdn.thron.com/static/IOSHZZ_TSLA_Q1_2022_Update_G9MOZE.pdf?xseo=&response-content-disposition=inline%3Bfilename%3D%22TSLA-Q1-2022-Update.pdf%22) + +P/E is now ~130 and EPS for Q1 was 2.86. Forward P/E is ~90. + +Tesla is an absolute financial monster and by retiring the debt they are saving ~200 million in headwinds due to interest payment. They sit on 17.5B cash while earning 3B+ in net income per quarter. Operating margin went from 14.6% in Q4 21 which was fantastic already, to 19.2% Q1 22... + +EDIT; Customary edit, thanks for all the gold. :) +Given how insightful yesterdays thread was with all you big earners in it, I think it would be interesting to explore the other side of life today. + +I'll start: + +I'm 25 and last financial year earnt 60k before tax. I studied a Bachelor in Television Production and was working a number of casual jobs at the same time in the industry in regional NSW up until April, where I then moved to a major city. I'm in the process of starting my own freelance business and am hoping to earn a decent bit more this financial year, but that is entirely dependent on Covid and if/when life starts returning to normal or stabilising. + +It might not seem like a lot of money but I genuinely enjoy the work and find it to be very fulfilling. The fact that every day I can be doing something completely different while getting to see and explore all kinds of subjects and places that people normally dont have the ability to really makes it worthwhile for me. I could never work an office job even if I was being paid twice as much to do it! +Hey everyone, + +It's been a while since I posted on here, so I wanted to put together a list of key takeaways and lessons learned from managing our rental portfolio through the COVID-19 pandemic. + +I feel like some of these points are rarely explained to new investors, but they become very important as your portfolio grows and as you face economic downturns or unexpected events like COVID. + +&nbsp; + +## **Some Background** + +My wife and I own 40 rental units, primarily consisting of residential multi-family buildings in Kansas City, but also some SFRs in Atlanta, Birmingham and San Diego. + +The majority of these properties are located in what I would call middle-class, "B" class neighborhoods and are occupied by your typical working-class families. + +We don't manage any of our properties ourselves - they are all managed by professional PM companies. I do, however, communicate with them on a regular basis, review all of the cash flow statements, and jump in if there are any major issues going on, like what happened last year. + +I did [a detailed AMA on here](https://www.reddit.com/r/realestateinvesting/comments/817z6d/ama_ive_built_a_portfolio_of_35_rental_units_and/) a while back where I went over how we grew our portfolio, as well as [written this post](https://www.reddit.com/r/Landlord/comments/7s7tjf/landlord_us_ive_put_together_some_key_strategies/) about our general property management strategy if you want to take a look. + +&nbsp; + +## **What Happened During COVID** + +I don't think we were affected as bad as some of the other investors I heard about, but for about 4-5 months starting in April 2020 (right when everything started to shut down), we were not able to collect about 20% of our rents, which resulted in $5,000 - $6,000 of lost income each month. + +We were also not able to process any evictions for most of 2020, as they were halted pretty much across the board in all states. + +We were able to set up payment plans with many of our tenants who, over time, paid back some of the owed rent. We did forgive and write off some of the unpaid rent, and some rent we were never able to recover and had to eventually evict those tenants once the courts opened back up again. + +&nbsp; + +## **Takeaways and Lessons Learned** + +**1. Always Have Adequate Cash Reserves** + +This may be one of the most underrated topics, especially among new investors. But I firmly believe that having a good cash reserve is absolutely essential, especially as your rental portfolio grows. + +We use the same approach that's often recommended for personal "emergency" funds for our real estate "emergency" fund as well - we put aside 5-6 months' worth of expenses for each property we own to help us pay for unexpected repairs, extended vacancies or delinquencies, natural disaster damage and any other unforeseen expenses. + +Sure, at 40 units this reserve fund is rather large and it's tempting to just use it to buy more properties. But I would credit having this reserve as what helped us the most during COVID without relying on emergency loans, loan payment deferral or any other drastic measures. + +&nbsp; + +**2. Keep Your Personal Finances in Order** + +I feel that many people look to real estate investing to fix other personal finance issues they may have, which I doubt works very well. + +Real estate investing, especially at scale, is a capital-intensive business that requires a good skillset in cash flow and debt management. If you are struggling financially, buying rental properties may not be a good fit. Not only will your personal finance problem likely affect your rental portfolio, but if anything happens to your properties, you will have nothing to fall back to. + +Imagine if you lost your job during this pandemic and also had to deal with non-paying tenants in your rentals - you would be in a very tight spot. Take a couple of years, get your finances on track, then come back and give real estate investing a shot. + +&nbsp; + +**3. Make Sure Your Properties Cash Flow** + +It still perplexes me when I see posts pop up on here along the lines of "Should I buy this property even though it has negative cash flow?". I think there are very few cases when this may be acceptable, especially if you're just starting out and are not very experienced. + +A negatively cash-flowing property will continuously drain your real estate or personal reserves and leave you with no safety net when something bad happens. We always buy properties with positive cash flow. Even if my primary goal was long-term appreciation, I would still avoid properties with a negative cash flow. + +I would even take this a step further and suggest being extra conservative and cautious when estimating cash flow projections for new properties. I tend to underestimate the rents and overestimate the vacancy and expenses to make sure I have a cash flow buffer built in every property I purchase. + +&nbsp; + +**4. Don't Overleverage Your Portfolio** + +This one goes along the same lines as the previous point. Loan payments will usually be one of your biggest expenses, and overleveraging your portfolio can put a significant strain on your cash flow. + +We try to keep our portfolio leveraged at around 60-70%. It used to be a bit higher when we first started, but this is the level I feel comfortable having it at with the number of properties we have now. + +Being overleveraged can affect your cash flow, reduce available financing options, and may also prevent you from getting emergency loans, should you need them in times like this. + +&nbsp; + +**5. Be Proactive When Dealing With Issues** + +We use property management companies for all of our rentals, so I'm not involved in the day-to-day operations, but when serious issues, like the COVID pandemic, come up, I try to be as proactive as possible and work with my PM companies to come up with a plan on how we're going to get through them. + +This doesn't mean you need to micromanage your property manager, but there is nothing wrong with getting them on the phone, talking through the potential impact of what's happening, and brainstorming a solution that will work for all parties involved. + +[This was the general plan](https://www.reddit.com/r/Real_Estate/comments/fwtdjg/covid19_resources_relief_programs_for_real_estate/) we came up with for COVID specifically, but the main point is that instead of sitting around and waiting for things to resolve on their own, it's almost always better to take a more active role in getting everything back on track. + +&nbsp; + +**6. Be Flexible With Your Tenants** + +I definitely think that owning a rental portfolio, especially a large one, is a business and should be treated as such. The stories you heard about landlords giving all of their tenants multi-month rent forgiveness are probably unrealistic if you have 10-20+ units. + +At the same time, I think it's important to treat your tenants as human beings and work with them through whatever issues they are experiencing, especially if they have been good tenants in the past. + +Evictions, vacancies and unit turns are costly and for a large portfolio like ours, can actually be one of the largest expenses. So working with your tenants and being flexible goes a long way to not only keeping them happy, but also improving your cash flow in the long run. + +&nbsp; + +*** + +&nbsp; + +I'll close by saying that I'm fully aware that the COVID-19 pandemic wasn't that bad of a downturn, especially compared to periods like the 2008-09 recession. It looks like the rental market is rebounding fairly quickly as people are getting back to work. + +My hope for our portfolio is that if we continue practicing and implementing the strategies I touched on above, it will go a long way to preparing us for an actual serious downturn or a recession in the future. + +I also hope this will be helpful to any of you just starting out or scaling your portfolio from a couple of properties to 10-20+ units, by highlighting some of the things that may not be talked about as often. + +As always, happy to answer any questions in the comments! + +&nbsp; + +Edit #1: Had an issue where some of the post content got accidentally deleted when I was making a small change, but it should be back up now. +Welcome to the **/r/EthTrader** Daily Discussion thread. The thread guidelines are as follows: +*** + +- Discussion topics include but are not limited to general discussion, details related to events of the day, technical analysis, Ethereum Classic, and minor questions. +- Important content should be posted as a separate thread. +- Be excellent to each other. + +*** + +Thank you in advance for your participation. Enjoy! + +I'm a 21 year old college student. I made over 40k this year as income. My parents pay $0 towards my college tuition. I am **not** a dependent and I told my parents not to list me as one, but surprise surprise they did anyways. + +I tried filing my tax returns on H&R Block and the IRS rejected it. How do I override being claimed as a dependent? Besides the fact that I actually am not a dependent, my calculations also show that I would get so much more money back as a non-dependent, which is why I don't want to be claimed as a dependent. + +**EDIT:** Thank you guys so much for your support. How much money would my parents get from claiming me as a dependent if they earn below 20k per year? I would lose about 1.3k from being claimed as a dependent. Would they get more than 1.3k? + +**UPDATE**: thank you all so much for the help. I don't live with my parents, I live on-campus and am on my school's provided health insurance. I'm going to just let my parents claim me as a dependent. They can just keep the whatever money they'll get from it. They need it more and it's not worth the trouble of mailing it, sorting things out with the IRS, etc. +What purchase / extravagance do you justify in that it makes time for enjoyable activities or it prevents you having to do unenjoyable ones? + +I signed up for supermarket grocery delivery subscription, which at first felt like a waste when I’m a 10 minute walk away. But working the effort/time out, I’ll save around 3-4 hours a week not having to walk there and around the shop. And a money kicker is it’s also easier to scour for the specials. + +Whats yours? +It doesn’t mean that the shorts have covered. It could just be traders realizing what is going on and we go through a new phase of pre-covering price discovery. Don’t let a 4 figure share price turn you into a paperhanded bitch. The margin calls and liquidations will take time. And the prime brokerages making the margin calls are basically pulling the trigger on themselves. So expect major fuckery. + +As cosmic lighting warrior put it last night, Ryan Cohen is the new pit boss, and the SEC/DTCC‘s table is about to get fucking flipped, and the players are going to move over to Ryan’s new NFT table. + +It’s going to take a long time for the players to cash out their fraudulent poker chips. It’s going to get messy. Speaking for myself, simple logic demands that I hold until earth shattering amount. + +We are looking at possibly the single biggest financial event in human history. +This one has been very helpful for me. On more than one occasion I was able to spot fraudulent charges on my debit card immediately. It has helped me in making faster debt repayments and start building an emergency fund. My spending behavior has also change as a result of this, everything now costs at least $10. + + +Edit: + + +* It doesn't have to be $10. You can round down to the nearest $5, $1 or $0.50. (Sorry for sounding like the rich asshole with more than $10 in my account.) + + +* If you have a checking and savings account with the same bank transfer should be free. + + +* There are apps that do this automatically for you, but checking manually everyday makes it easier to spot charges you didn't make, subscriptions you forgot you were paying and keeping you aware of your financial standing. +So tried my hand at the wheel, thought I might be able to use something like SQQQ because if it fell it wouldn't fall hard. Sold 24 puts at $8.50 (when it was above this). That week it fell and I was assigned. So I switched to selling calls and now the volatility is drying up after about 4 weeks of this. So now I can either sell a call at $7.50 which will exercise for $200 loss or get a pittance for an $8 call that won't sell for much more than the original put exercised for. I thought I had a decent grasp at this, even set up an excel sheet to show overall profit. Maybe my math has been wrong? I've been subtracting every option premium from the total cost (so the original put and the 3 calls) then subtracting the new sell value, if called, by the adjusted cost value to get how much profit. I even have a section showing the sell value if I wanted to pull out into a different position. + +Anyway, what went wrong? + + +Edit: also any good reads on learning up more of this strategy. +As the title states :( Reading posts in this sub from others who have been in my shoes has been a source of comfort though, and I'd like to post about what happened to me, in case it in any way helps someone else avoid being victimized in the same way. + +I was approached by a man outside my bank this afternoon who showed me a money order check for $990. He told me it was his daughter's birthday, and because his own account was overdrawn by $500, he asked if I could deposit the money order for him and give him the cash, minus $40 for my troubles. That way, he would have $950 to spend on his daughter instead of the $490 he'd get from depositing it into his own overdrawn account. + +I should've been hearing major alarm bells at this point, but he caught me in a moment when I was slightly in a hurry and on a day I was in a good mood. My only previous experience with money orders was knowing that they're meant to be guaranteed funds, I didn't really question that it could be fake. So I deposited the money order at the ATM into my account, which accepted the funds, and withdrew $990. I honestly did feel a slight tingle of doubt as I handed him the wad of cash, but...foot in the door syndrome I guess. I looked at him and said "I'm choosing to trust you." He thanked me, stated he wasn't the type of person to do that, and offered me $40 back. I declined and told him to keep it for his daughter. + +He left before me, as I had another check to deposit. The bank is on a busy street in Brooklyn and as I walked out a few minutes later, I was waved over by a group of women who were selling masks on the sidewalk nearby. As soon as they called to me, my stomach sank because I understood immediately what had just happened. I felt foolish for taking that leap of faith on a complete stranger. But it's been a rough year for many people, while I have been blessed with stable income throughout the pandemic. I wanted to help...I myself moved to the neighborhood last winter and have encountered many random acts of kindness, and I just wanted to believe that he was telling the truth. + +Anyway, the ladies told me that guy had been hanging around the bank for weeks, and were upset for me when I told them how much I'd given him. They brought me inside the bank to speak with the security guard, even though at this point I didn't have any intention of trying to get the money back. I was visibly upset as I told the security guard what happened, and he was very comforting. After a gentle lecture on not trusting strangers, he told me that ultimately I did what I did out of kindness, and that the universe will return that energy and provide in other ways. + +I know this is a learning lesson, one that costs some people much more, and that what I lost today is ultimately replaceable. Trying to be thankful for that instead of feeling like a gullible idiot :( +I've been listening the Happy Sexy Millionaire by Steven Bartlett. He's a British guy, born in Botswana, moved to the UK at 2 and had a fairly poor upbringing there. Despite that, he became a millionaire at 23 by founding Social Chain, now a public company, when he dropped out of university after the first lecture. + +I think the book would resonate with a lot of people here. Ultimately, it is a reflection on happiness and fulfilment. He goes into detail about how he felt underwhelmed after receiving large windfalls, how comparing ourselves constantly to others can lead to unhappiness, and how social media has created a culture encouraging lifestyle creep. At mentions a study that found everyone always feels like they need 2-3x more money, which really hit home! + +If you read a lot of business or self-help type books, then it might get a bit repetitive at times, since lots of ideas crop up in other places. But I thought it was a good reminder that we don't always need more. Happiness is something you can have now, not something just around the corner. +My apologies if the layout is weird, I’m on mobile. + +This is probably obvious for every trader, but I found that this helped me in the beginning of trading for me. I found it hard early on aiming for a certain amounts of profit. One thing that I find that’s been helping me start out as a new trader for a few months now and seeing more green days, is thinking in cents. Not thinking/aiming for an overall profit/loss number of the day because all that’s scalable by the amount of share you buy (obviously right). Thinking in cents helps with not forcing trades if you use small share sizes. + +If you make X amount of money with 1 share consistently, +you can make X amount of money with 500 shares consistently. +It’s not that black and white but it’s a good start. + +But bringing down the numbers in my head helped the psychological side of trading for me a bit. If you can consistently make $0.15/$0.30 on the day green that’s $75-$150 a day with 500 share trades. That’s fair price range thats. scalable. + +Just a quick thought for any new new traders that helped me. +I recently returned to study in frontal classes after more than a year in Zoom. And I noticed something that was not there before, everyone! around me is talking about stocks and crypto. Its not only happening in the uni, this subject runs in my family, my little sister talks about it, or even when I grabbing a beer I hear here and there people talk about it. Don't get me wrong I am not against it, tbh I don't really know what to think about it. + +SO what do you think about it? Is it a good or bad thing for the market? I'm pretty newbie so it would be nice to hear your opinion. +In the aftermath of the GME scandal with RH and other issues I don't trust them anymore. I've seen TD and Fidelity were solid during the whole ordeal with their users. At least it seems. Do either of these offer DRIP or other dividend tools? Dividends are my main passion with investing. +Recently in my country there are offers for very low interest rate loans \~1.1%, I've been thinking of taking out this loan and investing it into dividend stocks that pay monthly which would then pay off the loan itself. + +unfortunately taxes in my country are high for dividends at 25%. + +as an example, lets assume I take 100k loan over 3 years and manage to get a return from dividends of \~4% monthly, after tax that would come out to \~3%. so 3000 monthly dividends after tax + +so even if my monthly payment is 3000 (which it should be a little lower) it seems I would break even (leaving me with a 100k asset to virtually paid for itself). + +how risky is this really? + +suggestions for dividends stocks to go for? + +should I mix low dividend low risk with high dividend high risk to get to that 4%? + +I am quite new to investing and have had this thought for the last month and would appreciate any feedback. +Welcome to the Daily General Discussion thread of /r/EthTrader. + +*** + +The thread guidelines are as follows: + +- All sub rules apply here so please review our **[rules page](https://www.reddit.com/r/ethtrader/about/rules/)** to become familiar with them. The rules page is also linked in the announcement bar above. +- This thread is meant to be more relaxed compared to the serious daily thread. Memes, lambos, moons are all welcome. +- If the front page gets overloaded with memes, all but the top two posted and voted on may be removed. Basically, please post memes in this thread first and upvote the best so the mods know which ones to keep if we need to remove a bunch of memes from the front page. +- **For more focused and orderly discussion, please go to the [Serious] Daily Markets Discussion thread. You can find it by [clicking here](https://www.reddit.com/r/ethtrader/search?q=%5BSerious%5D+Daily+Markets+Discussion+thread&restrict_sr=on&sort=new&t=all) and choosing the top thread on the search page.** + +*** + + Resources and other information: + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our [Ethereum Education wiki page](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. + +*** + +Thank you in advance for your participation. Enjoy! + +This is an old quote from Rune. But worth repeating. + +It clearly lays out the basis of understanding the growth of Ethereum as a group forming network that will grow as follows: + +https://www.networkworld.com/article/2225509/cisco-subnet/understand-and-obey-the-laws-of-networking.html + + - “The core value proposition of Ethereum can be summarized with a single word: Synergy.” So says Rune Christensen of MakerDao before explaining how they can integrate with a number of eth projects, to then state: + +- “It is the permissionless and turing-completeness of Ethereum that allows all of these projects to seamlessly integrate with each other as first class citizens, increasing the value and utility of each other, because we all write to the same virtual machine and use the same language and the same standards. + +- Each project in the list above becomes a multiplier on the existing value of our system, resulting in exponential, rather than linear gains, for every new project that integrates with the others. Similarly every time any one of the above mentioned projects gains a new user or somehow grows in size, it ripples through the list and positively effects every other project in one way or another. Another huge advantage is that all of the integrations and synergies listed above require zero direct interaction or collaboration between the projects – it just emerges by itself due to the open source nature and streamlined standards of Ethereum. Of course in most cases there is still direct collaboration between the projects in this early stage of the ecosystem, but it’s still important to note that this isn’t a requirement – this will become a huge advantage once the network starts to really scale. + +- The result of this inherent synergy is an unbeatable network effect in accordance with Metcalfe’s law. Every time a VC or a banker asks me which blockchains are interesting to look at in the industry, I tell them the same thing: Ethereum has already won. It has reached critical mass and become what can best be described as an unstoppable, ever growing snowball. + + - Another way to put it is if we decided to build Maker on a different blockchain, we’d have significantly less users and liquidity, and would have to spend a lot more resources on building things that others have already built for us to use as first class citizens on Ethereum, and due to those factors, we’d most likely be dead or dying at this point.” + +https://www.trustnodes.com/2018/04/11/ethereum-tops-list-developers +My mom kicked me out today two weeks after my 18th birthday. I had expected this because she threatened my brother with it but his situation was different. He had graduated high school his junior year and then went into the army once he turned 18. He never wanted to go off to college. I’m still in high school and will graduate next month. I live in a small rural town in Texas and I know some places you can’t kick your kid out until they graduate high school but going back to live with my mom is unappealing to me so I’d rather just rough it out for now. My high school has a program where you take classes at the community college in town and those classes count for college and high school credit and I have taken enough hours at the college to graduate with my associates next month as well as long as I pass all my finals. +I have a car but the title is in my moms name. She says she will switch the title to my name this week but I know that I will need car insurance before that can happen. Also my drivers license is from a different state so I think I need to get it renewed before then also. I have 1500 cash but no real job as of right now. I can start applying once I find a place to shower and have time to go get clothes from my moms house. I have a phone that I’ve paid off but my mom says she is going to take me off of her plan next billing cycle which ends on the 18th of May. I’m paying for unlimited data right now and am using my phones hotspot to connect to my laptop so that I can do my homework. I have one friend that I can ask to stay at his place but I’m not sure if his parents would be okay with that. I don’t have any relatives that live anywhere nearby. +I’ve already been accepted into college and have scholarships and that has always been the route I planned to take. I could always go into the military though like my brother. You get food and shelter and a paycheck. I’m an Eagle Scout so I would get an instant pay grade increase. +I have no clue what to start doing and no idea how to get my car sorted out. I’ll ask my friend tomorrow at school if his parents would be okay with me staying at his house for awhile. +Also I’ve kinda just been chilling in a McDonalds parking lot for a couple hours and have no clue where someone living out of their car is allowed to park so that I can sleep. +Any help would be appreciated. +Edit: This thing blew up while I was sleeping. I’ll read every reply and try to respond to as many as possible this morning. Thanks for all of the advice so far +[Update] I asked my friend if I can stay with him and his parents agreed as long as I’ll pay some rent and help out around the house. I think rent will be reasonable and I’ll be getting some meals, internet, and a place to sleep and shower from them. They agreed to keep me until I go live in the dorms at college. One of my college classes is taking all of its students out for lunch today so I’ll get a free meal and I can pick up an application while I’m there. I don’t have any classes after lunch so after that I’ll head to the DPS and get my license renewed. After that I’ll get my mom to come transfer the title to my name and I’ll ask her to bring my ss card and birth certificate as well. I have a lot of homework to take care of before I start working on getting food stamps and financial aid. I already have a place to sleep tonight so I’m already better off than I was yesterday. Thanks for all of the advice so far it’s been very helpful and it makes me less fearful knowing there are still ways I can go through college alone. I’ll try to keep responding and keep you guys updated +I know TA isnt always well liked in r/ethrader but here is my bull case for eth. + +ETH is currently sat in the middle of a large symmetrical triangle \(much like Bitcoin\). While a symmetrical triangle can break in either direction my argument is for a breakout upwards. + +The target for this pattern is the height of the pattern which is top of $1430 \- bottom of $250 that gives us a $1180 target from breakout. That gives an estimated target zone of \~$1900. + +I have placed a Fib set running from the start of my bottom trend line at $84 to ATH at $1430. Using the fib extensions we get the 1.272 and the 1.618 \(this one being one of the more reliable fib extensions\) sat either side of the target zone. Assuming we break the 1.272 fib line i would certainly expect a test of the 1.618 line. Even if this is a short term blow off top. + +This is definitely a big call and would require huge amounts of money piling back into the markets \- however, i thought /Ethtrader needed some optimism in the absence of Scienceguy + +https://i.redd.it/76o33uf3t5211.png +Hi, + +First I just want to say I make no excuse for my past mistakes and poor money handling. I just want to give some context so everyone can understand why I have been terrible with money. + +I am almost 30. I was raised in housing commission, both my parents were in and out of gaol. I spent a fair amount of time in juvy. I dabbled in and sold drugs (with my dad) and that was my only job until I was about 23. I met my girlfriend at 22, she too had a similar background to me. Her dad died from a heroin overdose and her mum spent the bulk of her life in and out of gaol. Anyway, she somehow turned out perfect, went to uni and got a decent job. She convinced me to go to uni, I did. I relapsed a few times going back to doing drugs, drug dealing and what not. In the midst of this I racked up massive debts; car loans, Centrelink debt, credit cards, toll notices of all things... I even used nimble (and defaulted... 2 or 3 times from memory). Anyway, I was scum. My girlfriend really pulled me out of my slump, I realised I really needed to cut ties with everyone I know, including my family and move. I was lucky to not have an adult criminal history, I finished uni and got my first real job at 27. I was an absolute moron and am paying for it now. + +Now at almost 30, as of this week I have all my debts paid off. I still have incredibly poor credit history (score is 213). I have one default still listed on my credit report. That will still be on my history for 2 more years, I have 9 credit enquires also. I assume these disappear in 5 years also? If so, that will also be in about 2 years. + +I want to buy my own house with my mrs. I want to own something I never thought I could. I want to settle down, marry my mrs, have kids and give them everything I can. I just don’t know where to start. + +As a background, I now earn 98k PA +My girlfriend earns 60k PA +We pay $1600 rent a month +We live in Sydney and would like to buy in south west Sydney for under 650k. +We don’t have guarantor options or the option to move back home. + +I have heard about the 5% scheme, I have budgeted and we can save 5% within a year or 2 easily. But I assume I would not be approved due to my credit so I will have to save more. I know 20% is the standard recommendation but I am eager to just move forward in life... any thoughts? + +Any thoughts on the first home super saving scheme also? + +TLDR: I am an idiot with bad credit, how do I now buy a house? + +Thank you everyone +For starters, I'm horrible at saving money. As of today, ALL of my bills are up to date and I currently have $635 in my accounts, both checking and savings combined. + +I'm not really sure what to do next. + +I'd like to keep this money there and keep adding to it when I get paid again on Friday, but I'm worried... + +I'm almost 37 years old, so this shouldn't be hard, but it is. + +HELP!! + +EDIT: I can't possibly reply to all these overwhelmingly amazing messages I've received. I will get to as many of them as I can. + +My gratitude for every one responding is just.... wow.... + +Thank you. +Using my anonymous account for this. Sorry if this is the wrong subreddit. Short story: 23 years old with 120K saved currently invested in the stock market with another 60K in retirement funds. Expecting to make six figures next year and (hopefully) continue in that trajectory. + +I’m a big fan of passive investments like the stock market but I was told the stock market pales in comparison to buying real estate and renting it out. I understand how each works but I feel as though real estate investing is for those looking to leverage money to grow. Meanwhile, I feel like I am at a great starting point to the point that I could just safely play the long game (stock investing) and be fine at the end. The main draw to real estate for me is the additional income coming in each month but it seems to be far from a “passive investment.” I ran some numbers assuming a $100K initial value and, over the course of 40 years, the real estate category barely beat the stock category in terms of returns. Although I should note that I only considered the initial properties and didn’t make adjustments for any added along the way. I just feel like real estate is incredibly risky and almost a “get rich quick” scenario. Could someone shed some light on whether or not they recommend stocks over real estate? Thanks in advance +Im very worried i invest in baba because its a cheap business, i dont understand the politics deeply and i dont try to predict the market ,I buy cheap business.This kind of behavior makes china uninvestable! If the CCP can force corporations to "donate" their profits instead of allowing shareholders to benefit, what is the point of being a shareholder? +How did Sumerian barter economy evolve into free market capitalism? How did FIAT currency triumph over commodity based currency? What are the historical events that catalyzed these changes? How do they all fit together ***chronologically***?? + +I'm currently trying to study economics with Khan Academy and Crash Course (best I could find, please suggest better ones if you have them!), but one thing that gets on my nerves is that everything is taught as if it is the natural order of things. There is no consideration for the fact that many of these economic constructs must have been opposed at some point, and it didn't necessarily *have* to be this way. I want to learn chronologically how we got to our current economic structures, not simply be told what it is axiomatically. +I have been a crypto investor since 2017 but only took it serious over the last year. Up until last July I have always been a McDonald's manager. I was the fix it manager sent into problem stores to change how they operate to make profit targets. I made garbage wages, was treated like garbage, and I felt like garbage. + +In 2014 I went back to school to study an engineering technology diploma and then last year went back again to take an advanced diploma in Ocean Technology. I got my dream job making better money. With my first few paychecks I put $100 into Ethereum. I continued until October until I had invested $1500 (Canadian) and I sat on it until now. + +As of tonight between investing in gamestop and my cryptocurrency investments I have enough for a large down-payment on a house and enough for lawyers fees and moving fees. We have placed an offer in on a great house and we close the deal on May 4th. + +I want to thank the cryptocurrency community for keeping me strong when I felt like I was about to lose it all and for also reminding me that taking profits is okay. I believe in Ethereum and cryptocurrency as a whole and I have no doubt I could make more money. But, I have met my goal and it is time for me to take profits. + +**Edit 1 - Thank you everyone for the kind words! I am blown away by the community that exists on this subreddit. This is not the end of my crypto days, it is just a stepping stone. +I think the title says it all ... Let him concentrate on the Ethereum project and don't push him into the media spotlight. There's still enough to do, who cares about publicity. Ethereum has gained enough publicity on its own. +I am considering giving up my corporate job in order to purchase a small business using an SBA 7A loan. + +I am wondering how many people here took a similar route and what their experience was. + +For context, you can borrow up to $5M from SBA Lender to fund 80 to 90% of the purchase price of an acquisition. Then, finance a portion with a seller’s note 5-10% and then the rest with personal equity or investor equity. + +If you are able to maintain steady, slow, incremental growth and pay the debt, then after 5 to 7 years you may have a viable exit opportunity to sell the business at the same multiple you purchase it for. This could be a 7 figure exit in addition to the income you paid yourself a salary over the period of operation. + +If you are able to grow more aggressively (either organically or through tuck in acquisitions) you can potentially sell the company at a higher multiple to generate an outsized return upon exit. + +Both options would hopefully net 7 figure returns over a 5 to 7 year period. + + +The most formidable risk would be making a poor acquisition and spending the next 5 years scratching and clawing to keep the business alive. Hopefully this can be avoided with extensive due diligence up front. + +This is essentially a Micro Private Equity play. The lower lower middle market. Known as a Self Funded Search, in the search fund / entrepreneurship through acquisition community. Deals at $500k to $1M SDE. +My girlfriend works for a "high end" restaurant here in Chicago and she received a check like 3-4 weeks ago and the check bounced so her bank charged her a fee. This happened to everyone at the job. So they got another check 1 week ago and it bounced again + the fee. She is broke although i am helping pay for her stuff for now until we get this sorted out. What are her legal options? She just wants her money. Can she sue and win? +Hi everyone! I had a question about how you would correct an earlier mistake. + +I started investing back in januari, and one of the first things I did turned out to be rather stupid. I bought IQQH (a clean energy etf) without doing pretty much any research whatsoever. This turned out to be the all time high, and it fell massively after. I got my average down to 12.7 euro's now, but lately the price seems to be stuck around 11. + +Now, I do believe that the price will eventually go back up, as clean energy is still very much the future. However, this might be years, if not a decade from now (a looooot of growth has been priced in in this field). Right now this position is really holding my portfolio back. + +I guess there are 3 things I can do at this point. I can cut my losses and sell the whole thing, cursing my beginner mistake. I could also shrug and do nothing, and patiently wait for it to go back up again (which it probably will). The third option is to dollar average it down further. I was wondering how you would tackle this problem, and if any of you has been in a situation like this before. + +&#x200B; + +Thanks in advance! +I have had a lot of conversations in the last couple of days with loan officers. + +Every lender I've spoken to is forcing point buy-downs. I got quoted 9.3% total closing costs on a $75k loan ($100k purchase price). 9.3%! How is this even legal to quote on a QM loan? + +I stated I don't want to buy down the rate, please give me a higher interest rate if you have to. I'll take an 8 or 9% interest rate. Nope, they won't negotiate. + +One of my lenders I currently use quoted me at a 5 point buy-down. + +&#x200B; + +Wtf is going on? +We discuss hedging on here often; however, I am wondering how many people consider a scenario like the 1987 Black Monday crash in their hedging strategies. The S&P 500 dropped approximately 20.4% in a single day (the DJIA fell more). We have the broader market circuit breakers now (7% and 13% temp halts and 20% day halt), but a daily drop of similar magnitude is still possible. + +I like to take some "credit" for my own ability to manage my positions/de-risk during a pullback. While this may be possible for a 2008 or even a 2020 crash, a one-day flash crash may be much harder to manage. + +TDA stress tests portfolios to an SPX beta-weighted 20% single day drop. My own quick stress test in ToS for a 20% single day drop is, let's just say, pretty catastrophic. I normally keep long UVXY calls for volatility hedges, which would work great if we see 70+ VIX again. Since VIX wasn't yet launched, they do retroactive hypothetical calculations based on options prices and estimate a VIX closing price of 150.19 on Black Monday. Perhaps vol hedges are enough? + +**TL;DR: Do you consider a Black Monday 1987 type crash (20+% single day drop) a plausible scenario? Do you actively hedge for this, and if so, what are your techniques?** +* Nowadays most magazines have full fledged print and digital editions +* I don't know about tv channels, but many, if not most. magazines have a price for thei cover stories +* To give an example, I can pay 50K and get featured in a full story on 'India's Most Trusted Financial Consultants' ! +* No, this is not a joke... +* These stories also get turned into award functions with additional 'sponsorship' +* If you see these magazines in a newsstand, you won't be able to realize that the stories have been 'sponsored' + +TLDR: Read any of the 'best' lists and awards with a pinch of salt +Yesterday has been like poor person Christmas for me, lol. I got my first paycheck in years. + +I haven't had a job since the pandemic started. I ran out of unemployment insurance, which gave me a higher standard of living than when I was working before the pandemic. They raised the minimum wage in my state and now I'm making $12 an hour. Boss said he likes my performance so I might be making $13.50 an hour. + +I used the extra unemployment to go back to college and get off the streets, living at the dorms. All the rich kids moved out and a lot of them just gave me stuff they didn't want anymore.... So I got myself a mini fridge, a vacuum cleaner, a television, two laundry bags of clothes, and a ton of other stuff just because people can't be arsed to take it back home with them. + +I'm excited to be able to buy textbooks without writing letters to various foundations for help, because now I have a job! I'm gonna go to Target now and get myself a new blanket... I've had the same one for ten years... I'm pretty happy today! + +Edit: thank you everyone for the awards and out pouring of support. I will make a detailed thread tomorrow for those who want advice on how to attend college with very little. Maybe my experience might be able to help others, and others can add their own bit to the thread as well :) +Hi all! + +I know some of these topics have been discussed before, but I wanted to open the floor for a few questions I have that I haven't quite seen a lot of feedback on. + +The tl;dr is that I've (32 y/o) been casually "dating around" for my 20s but now am finding myself \~6 months in with someone and feel like this could be "it". In the past \~2 years, I've managed to increase my liquid wealth by +$15M and haven't really been serious with anyone since this happened, so these are new conversations to navigate. (If it matters, she does well but not FAT well – think \~$100k salary) + +A few things are springing to mind: + +1. When (if ever) should I start to get into specific numbers? A lot of guidance I have seen for the newly wealthy is around "stealth wealth" / pretend like it's not real / cautionary tales about how it changes people's perception. I've been following this advice for better/worse, but obviously hiding things from a partner is not a good move long term. She currently knows that I'm doing well, but is that enough? Obviously if we were to get married/committed, I think at some point we get into specifics, so I guess I'm just not sure when that "milestone" happens. +2. Along the above, I am happy to spend money on wonderful experiences for us. I've occasionally asked that she not post specifics on social media just to avoid her friends / others getting another image of my/our situation. i.e. if we go out to michelin dining + four seasons trips every month, that feels like it starts to project an image to her friends. She is understanding but I've had trouble wording this to her because of my desire to not get into specifics (see above). + +I guess I'm realizing the common link/concern here is "image." I can control my image in my social life, but I can't (i.e. shouldn't) control her image. But her image impacts how I think others may perceive me, which is the concern here at the end of the day. + +Sorry if this is rambling. I may be overthinking it. I guess I am just a little uncomfortable and looking to hear from others who have been in this position. these are all "good problems" at the end of the day :) +Hey everyone :) + +Last year my teenage crypto investments exploded and now sitting around 2m$ post-tax. They're 99,9% of my net worth, and I believe it doesn't make sense to hold such a pile of money in a high-risk asset. And therefore, I want to sell most of them and put them into instruments with lower risk. So essentially, the goal is to preserve money and put a portion of it to work. I'm 22yr old, working in IT and my salary covers my living expenses. I don't have any intention of retiring or similar things. + +I have never managed such an amount, which makes me lost. I read a lot of info/posts on r/personalfinance, but the tips there are primarily for the US people. So I thought about getting professional financial advice. I could find several companies on Google, but very few reviews and they do not list amounts of target net worths. I live in Germany if that matters. + +Appreciate your tips and wish everyone a wonderful upcoming year :) +So I sold a PutCreditSpread on GOOG for 2820/2830P of 3 contracts. I got distracted at end of trading day and forgot to close it. GOOG closed at 2829.. and dropped a bit after hours. + +I log into my account this morning and see a margin call of a $250k with over a million dollars in debt. I'll be closing it first thing on Monday morning; but should have just closed it for the $1 or $2 debit it would have cost me on friday.. + +LESSON LEARNED! + +https://imgur.com/a/4za6Stc + + +UPDATE 9/20 -> Market had one of those days.. closed at a $15k loss. OUCH. Expensive lesson +**NEW HERE?** Are you wondering what DRS is? Do you want to know how and why people are Direct Registering their shares? **Please ask away in the comments! Try to search the comments first to see if your question has been answered.** + +**HAVE YOU GONE THROUGH THE PROCESS OR RESEARCHED IT?** We have some helpful people already willing to answer questions. If you want to be one of them too, hop in and help where you can. We appreciate every last one of you. This thread will sort by new, to make it easier to find unanswered questions. + +**WANT TO FIGURE IT OUT ON YOUR OWN?** [our comprehensive Computershare Guide](https://www.reddit.com/r/Superstonk/comments/ptvaka/when_you_wish_upon_a_star_a_complete_guide_to/) + +[IRA Guide](https://www.reddit.com/r/Superstonk/comments/scpxs9/another_path_to_drsira_with_no_taxable/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) \-- involves moving shares to a custodian, please research the risks involved with various [custodians](https://www.abc.net.au/news/2021-03-05/share-custodians-holding-your-stocks-explainer/13177716) + +[another IRA Guide, this time using an LLC](https://www.reddit.com/r/Superstonk/comments/tc3n8g/how_to_drs_your_ira_shares_the_god_mode_cheat/?utm_source=share&utm_medium=web2x&context=3) + +&#x200B; + +https://preview.redd.it/u67on4ig3cn81.jpg?width=1201&format=pjpg&auto=webp&s=22c3ccb1edb2c3e0d71fa8ff15d5c3d2b4cb7c03 + +[Registered owner = DRS](https://preview.redd.it/86p5qrw33cn81.jpg?width=1834&format=pjpg&auto=webp&s=9a7054bf9e8fe9552288f12e5d6f0203d3b96344) + +[Beneficial Owner](https://preview.redd.it/6fdr5uh43cn81.jpg?width=1820&format=pjpg&auto=webp&s=8714e788a194b205e05e08f11ab8d3ecd6bdf9bf) + +credit to Computershare on [Youtube](https://www.youtube.com/watch?v=c65RY22lky4) + +[DTCC explaining DRS](https://www.dtcc.com/settlement-and-asset-services/securities-processing/direct-registration-system) + +When you buy through a broker-dealer, they will be in the "street name" aka they're registered with your broker-dealer. + +What can they do with street name shares but not with direct registered shares? LEND THEM OUT TO SHORT SELLERS! + +From DTCC - REDUCES RISK ASSOCIATED WITH PHYSICAL SECURITIES PROCESSING, INCLUDING TURNAROUND DELAYS, MAIL LOSSES AND RISKS ASSOCIATED WITH STOLEN, FORGED OR COUNTERFEIT SECURITIES\* + +&#x200B; + +link to Computershare's chart that shows that direct registered shares are removed from Cede & Co. / DTC: [https://www.computershare.com/PublishingImages/company-share-structure.jpg](https://www.computershare.com/PublishingImages/company-share-structure.jpg) + +link to Computershare's FAQ page that also has that chart: [https://www.computershare.com/us/becoming-a-registered-shareholder-in-us-listed-companies](https://www.computershare.com/us/becoming-a-registered-shareholder-in-us-listed-companies) + +&#x200B; + +# Do you want to post your DRS position but don't have enough karma? Post in r/GMEOrphans to feed the bot. + +# If you want to ask questions here but your karma is too low for the sub, DO IT! Automod will remove your message but I will manually approve it for you💜! + +To reduce clutter I will remove off-topic comments. + +# 🟣 UPDATE 🟣 8.9 MILLION SHARES SO FAR!!!!!!! + +https://preview.redd.it/xikehhrqhxo81.png?width=875&format=png&auto=webp&s=c5ef5c51f2f10b01004f8f47a78b7ff68eed35c1 + +`This is all education, and not financial advice.` +In 2010, Buffett claimed that buying Berkshire Hathaway was the biggest investment mistake he had ever made, and claimed that it had denied him a compounded investment return of some $200 billion over the next 45 years. Buffett claimed that if he had invested that money directly in insurance companies instead of buying Berkshire Hathaway for what he perceived as a snub from an individual, those investments would have been worth several hundred times. + +Why, does he mean that if he had founded his company (instead of buying Berkshire stock) he would have avoided having to buy back tens of billions of dollars worth of stock in the future? What I understand is that basically Buffett would be the richest man in the world by a wide margin if he had owned a large part of his own company, instead of owning a smaller part in Berkshire, am I right? Is that what he regrets? + +Although in fairness, Buffett would currently be the second richest man in the world if he had not donated half of his shares in 2006. +I tried to reproduce the unbelievable good results from "Predicting the direction of stock market prices using random forest" (2016) by Khaidem et al ([https://arxiv.org/abs/1605.00003](https://arxiv.org/abs/1605.00003)). + +They are predicting the stock market direction (up/down) using a set of technical indicators with random forests. + +Their published ROC curve for predicting AAPL looks like this: + +&#x200B; + +https://i.redd.it/hkqcnr2hbli31.png + +Pretty impressive, don't you think? + +After analyzing their source code and data I could somewhat reproduce this ROC curve (day model=90 days): + +&#x200B; + +https://i.redd.it/abbl77zwbli31.png + +But they are using a random split (using scikit-learn train\_test\_split) to split the data into training and test set, which is not a very realistic scenario, since you have to train your model on historical data and then use the model to predict future values. In the paper they don't mention how they are splitting the data, only by looking at the source code, which Khaidem thankfully provided, you get the information. + +So I changed the splitting, so that the first 80% of the data are used for training and the last 20% for testing. + +And now look at the new ROC curve: + +&#x200B; + +https://i.redd.it/5a7ipoercli31.png + +... all the impressive results down the drain. + +Lesson to be learned: Split your data wisely, overfitting is very real. + +GitHub repo: [https://github.com/wpla/Khaidem.etal.2016\_Analysis](https://github.com/wpla/Khaidem.etal.2016_Analysis) + +Jupyter notebook: [https://nbviewer.jupyter.org/github/wpla/Khaidem.etal.2016\_Analysis/blob/master/Random%20Forests%20Analysis.ipynb](https://nbviewer.jupyter.org/github/wpla/Khaidem.etal.2016_Analysis/blob/master/Random%20Forests%20Analysis.ipynb) + +NOTE: I did the analysis using AMZN stock data because the AAPL dataset from them has data issues. But the results don't differ for AAPL. + +EDIT: Thanks to the comments, I realized that the main problem here is data leakage (and not primarily overfitting), due to their method of exponentially smoothing and instrinsic autocorrelation of the data. The comment from user @big\_deal explains the problem to the point: "Let’s say one of the technical indicators is a 21 day moving average stretch. Day 21 has a single value that embeds information from 21 prior days and itself will be embedded in the 21 following days. So if you randomly select say half of those 40 days as training data you’ve got information embedded in both the training and test data from the same period resulting in leakage. Even if you were not using indicators that used data from multiple days almost all time series data will have strong autocorrelation effectively leaking information." +I called out a different friend on it when they made a similar comment (swap Europe for Mexico) and they defended their position. I didn’t feel like opening bank statements to elaborate. It made me realize it’s not an argument worth having any more. Also makes me not want to hang out with them any more. + +This probably isn’t going to get any upvotes. I just wanted to vent. + +Edit for clarity: when I said they agree, I meant that they’re relating their situation to mine. I think everyone can agree that being broke sucks. +**YARRRRRRRRRR ME HEARTIES!** + +I've finally found a 100x coin with a brilliant use case. I was invested at the start and the community quickly put together a plan for the first ever blockchain rum. I'm in TG now and they're currently in chats with distilleries to ship Moonpirate rum worldwide. There's also a merch store in the works. It's all blown up insanely quickly and I think the unique use case gives it potential to x10 yet again over the next few days. + +The community is the best I've seen since safemoon - please join the telegram and get stuck in with the pirate banter before even investing. + +**TL;DR: 2,500 grown men pretending to be pirates making ludicrous amounts of money while their kids are asleep.** + + +**Community / 24-7 Coin Support - Telegram:** [**https://t.me/MoonPirate**](https://t.me/MoonPirate) + + +\----------------------------------------------------------------------- + +&#x200B; + +Copypasta-ing the below from their Telegram: + +🚀 MOONPIRATE 🚀 + +✅ TOKEN ADDRESS: 0xf09b7b6ba6dab7cccc3ae477a174b164c39f4c66 + +💰 How to buy video: [https://www.youtube.com/watch?v=7f9eHmJy86s&ab\_channel=DeFiDom](https://www.youtube.com/watch?v=7f9eHmJy86s&ab_channel=DeFiDom) 🚸 + +💵 Purchase on Pancake Swap: [https://exchange.pancakeswap.finance/#/swap?outputCurrency=0xf09b7b6ba6dab7cccc3ae477a174b164c39f4c66](https://exchange.pancakeswap.finance/#/swap?outputCurrency=0xf09b7b6ba6dab7cccc3ae477a174b164c39f4c66) + +🌚 Moonpirate is SAFU and sailing to the MOON + +🔥 100% LP tokens burned. 60% of all supply burned. + +♻️ 2% fee AUTOMATICALLY GOES BACK INTO LIQUIDITY + +💎 1.2% fee AUTOMATICALLY GETS DISTRIBUTED BACK TO HOLDERS + +🔥 0.8% GETS BURNED FOREVER + +🔮 Contract Address 🔮[https://bscscan.com/token/0xf09b7b6ba6dab7cccc3ae477a174b164c39f4c66](https://bscscan.com/token/0xf09b7b6ba6dab7cccc3ae477a174b164c39f4c66) + +👌🏻 Ownership Renounced 👌🏻 + +[https://bscscan.com/tx/0x761054a6b262d484be39099639a9b89465805c18f2a97f4b94a53726c1d7bc6d](https://bscscan.com/tx/0x761054a6b262d484be39099639a9b89465805c18f2a97f4b94a53726c1d7bc6d) + +🔥 LP Burned 🔥 + +[https://bscscan.com/tx/0xc4189bc138d0b1f02a88d65014ff7605f8d10e6e27e12783c28db326a56c7e18](https://bscscan.com/tx/0xc4189bc138d0b1f02a88d65014ff7605f8d10e6e27e12783c28db326a56c7e18) + +📲 Links 📲 + +Website: [https://www.moonpirate.finance](https://www.moonpirate.finance/) + +Twitter :[https://twitter.com/moonpiratebsc](https://twitter.com/moonpiratebsc) + +Telegram: [https://t.me/MoonPirate](https://t.me/MoonPirate) + +Pricebot: [https://t.me/moonpirate\_pricebot](https://t.me/moonpirate_pricebot) + +Youtube: [https://www.youtube.com/watch?v=CJw866zV-eU](https://www.youtube.com/watch?v=CJw866zV-eU) + +📈Charts 📈 + +[https://poocoin.app/tokens/0xf09b7B6bA6dAb7CccC3AE477a174b164c39f4C66](https://poocoin.app/tokens/0xf09b7B6bA6dAb7CccC3AE477a174b164c39f4C66) + +[https://goswapp-bsc.web.app/0xf09b7b6ba6dab7cccc3ae477a174b164c39f4c66](https://goswapp-bsc.web.app/0xf09b7b6ba6dab7cccc3ae477a174b164c39f4c66) + +🚗 Roadmap 🚗 + +✅ TRENDING ON REDDIT + +✅ FAIR LAUNCH WITH BUY LIMIT + +✅ LP TOKENS BURNED + +✅ 60% INITIAL TOKEN BURN + +✅ PRICEBOT + +✅ WEBSITE AND TWITTER LAUNCH + +✅ COINGECKO APPLICATION + +✅ MOBILE FRIENDLY WEBSITE + +✅ CONTACTED RUM DISTILLERIES + +🟢 MERCH STORE (IN PROGRESS) + +🟢 EXPLORING AUDIT OPTIONS (IN PROGRESS) + +🟢 DISTILLERIES PROJECT PHASE 2 (IN PROGRESS) + +🟢 BSC SCAN MC AND LOGO UPDATES PENDING (IN PROGRESS) + +🟢 MARKETING CAMPAIGNS (IN PROGRESS) + +🟢 WEBSITE UPDATES (IN PROGRESS) + +🟢 WHITE PAPER (IN PROGRESS) + +🟡 NFT STAKING AND MINING (PLANNED) + +🟡 INTERNATION RUM DROPSHIPPING! (PLANNED) + +🟡 MORE TO COME! +I have been a crypto investor since 2017 but only took it serious over the last year. Up until last July I have always been a McDonald's manager. I was the fix it manager sent into problem stores to change how they operate to make profit targets. I made garbage wages, was treated like garbage, and I felt like garbage. + +In 2014 I went back to school to study an engineering technology diploma and then last year went back again to take an advanced diploma in Ocean Technology. I got my dream job making better money. With my first few paychecks I put $100 into Ethereum. I continued until October until I had invested $1500 (Canadian) and I sat on it until now. + +As of tonight between investing in gamestop and my cryptocurrency investments I have enough for a large down-payment on a house and enough for lawyers fees and moving fees. We have placed an offer in on a great house and we close the deal on May 4th. + +I want to thank the cryptocurrency community for keeping me strong when I felt like I was about to lose it all and for also reminding me that taking profits is okay. I believe in Ethereum and cryptocurrency as a whole and I have no doubt I could make more money. But, I have met my goal and it is time for me to take profits. + +**Edit 1 - Thank you everyone for the kind words! I am blown away by the community that exists on this subreddit. This is not the end of my crypto days, it is just a stepping stone. +I suspect you aren't the guys telling the rest of us to restart our computer every time there is an issue and then googling the problem when we say we already did the restart. So what is your job? +With all of the GME/AMC craze over at WSB, I got kind of sucked into it. They're a crazy and funny bunch, but after spending some time there, my investment compass started spinning and I started to seriously question my sanity. It's like going to a wild party, coming home and then waking up with a huge headache in the morning, not knowing what the hell happened last night. I needed to remind myself about various investment theses and I am looking to rebalance. I thought I would share these thoughts in case it might help someone else as much as it helped me to put all my thoughts down on. + +20% - Canadian REITs. These got hit hard in March 2020 and their share price have not recovered much even though many of the larger REITs have good balance sheets, cash flows and rent collection. They are still massively undervalued, given that everyone is going out and buying houses and over bidding by 100k+, driving up the price of real estate in many major cities. The Canadian government wants to boost immigration, which is bullish for real estate. It's a nice time to jump in and hold for the long term. I don't use ETFs here since I have spent a lot of time analyzing many Canadian REITs. My favourites are HR.UN, IIP.UN, KMP.UN, SRU.UN, SOT.UN. + +20% - ARK Innovation ETF (ARKK). Cathie Wood's investment thesis is all about investing in disruptive innovation. Through her team's open research, they actively try to find companies of the future (before they become big) to invest in. I came to the game way too late (around December 2020). I admit I was skeptical about ARK. But after listening to Cathie's interviews and videos, I started to gain a lot of respect for her investment intellect and knowledge in the space. I also feel confident ARK is also watching & assessing the macroeconomics side of things and how it affects the companies in their portfolio's and allocating appropriately, as best as they can, which is worth paying the higher price for this ETF. For now, I would only stick money into ARKK and none of the other more specialized ones. I think ARK could do well in the next few years, but I am uncertain they will keep doing well in the very long term (decades). + +30% - US Total Market (e.g. VUN, XUU). Jack Bogle's thesis about being in everything and being diversified in your investments. The US total market ETFs hold over 3000 companies of all sizes and diversified in many sectors and types of businesses. If you look at the charts, the share price of this index has been rising since the US federal reserve started their QE program. They are obviously still doing it after the crash in March 2020, creating a huge amount of new money, and that is part of the reason why the US stock market has been going up fast. The US dollar is the reserve currency. The US economy is large and everyone is linked to it. Basically, it's diverse, "too big to fail", and has the backing of the fed & reserve currency. The fed will keep jumping in to prop it up (e.g. Great Recession, COVID pandemic) since retirees and pension funds can't be compromised too much by this index taking decades to recover. With their embrace of MMT (whether right or wrong), I don't see this dovish stance changing anytime soon. Why wouldn't you want to invest in this rather safe basket of equities? + +10% - High risk & semi-gambling. I think it's good to allocate a small portion to more high risk type of investments that don't have much correlation with the main index. These could be precious metals, miners, crytocurrency, YOLO/momentum stocks (shrooms, cannabis, DOC.V, NUMI, AMC, GME, etc.) at no more than 2%, emerging market stocks/etfs. + +20% - Cash. You always want to have some dry powder lying around in case of a massive black swan crash, or dips. The distributions from REITs can help replenish this reserve every month. I think it would also help stabilize the portfolio a bit more. + +Currently, I have no allocation to bonds. I am also not close to retirement (still have 25 to 30 years) Interest rates are low everywhere so I don't think bonds are worth it for now. + +I am also a bit skeptical about investing in the Canadian market because there is a lot of oil & gas and financials. I get that oil isn't going away soon (heck they might even do extremely well once the pandemic is over and people want to travel), but wonder if institutional investors will start to move away from such stocks sooner than we think (market being forward looking). I get that the big Canadian banks are too big to fail, but I think many of them are behind the times (resting on their laurels & not treating customers right since I don't know anyone who actually loves their big bank)... Interest rates are also very low so they're not making much from lending. +EDIT: WOW! First of all, this has been overwhelming. Thank you! Secondly, I told myself I wouldn't read the comments, so if you do have any questions, please feel free to message me privately and I'll do my best to get to you. Lastly, I wrote this to encourage and empower at least one person to follow your dream to trade for a living, or just to make some extra income, or just to be inspired and I'm glad I was able to do that. I'll keep the posts coming! + +TLDR: Blew two $3,000 accounts by being too confident the first time and doing too much the second time. I then honed in on a strategy to become a full-time trader. + +I have now been trading for years now, and along the way, I blew my account two times. I would like to share my story of each time I blew it up, and why I kept persisting. + +Before I ever got involved with trading, I was a chef at a small family-owned restaurant for 6 years, and before that, I was a server for 4 years. As a chef, I thought I was living the life, making $60,000, compared to making $45,000 as a server. Each year, I would get a $1-$3 raise and thought this was the life for me. Money never really motivated me. Meeting people every day, cooking for them, and watching my patrons enjoy the food I made for them was my passion. I truly did enjoy what I did, and what I made was enough to get me by. However, for those who worked restaurant jobs, you know it’s an incredibly demanding job, mentally and physically. I can do this now, but will I be able to or even want to do this for 30 more years? The answer was no. + +I moved cross country to look for a new opportunity, still in the restaurant business, and found a job in a big restaurant chain, that offered a great career path, benefits, and a starting pay, with bonus, of $90,000. I took this job, not because of the increase in salary, but the promise of becoming a regional director that governs up to 60 different locations. Taking myself out of the day-to-day physical location was very important to me. + +I was doing really well. I was sent to 5 different locations called “opportunity stores” to turn those stores around. I proved I can do that by promoting many managers, giving great numbers, and having a good rapport with upper management and people at corporate. However, my promotion was stalled due to unforeseen events. My hours were cut, my bonuses became nonexistent, and my goal to get out of a physical store has now been delayed. The hours would come back, my bonuses would come back, but those reasons were not the reason why I was sullen during this time. It was the idea that my “freedom” of getting out of a physical store, was now getting pushed back. + +Until this moment, I thought I belonged in the restaurant industry because I loved the camaraderie I had with my associates and being of service to my guests. Now, a third component was put into the mix, and I was not going to settle for ⅔ of it. I needed the camaraderie with people, be of service to people, and be free. I realized I didn’t need to be in the food industry to gain all three. + +It was around this time, that I started dabbling in stocks. I started to invest in the blue chips stocks and was a positional, long-term trader. Actually, I wouldn’t even consider myself a trader, because I was going into them thinking I would cash them out when I was 50 years old. I was scared of trading because I was suspicious of it. I was scared because I had/have a problem with gambling. (Will discuss more of this in a separate post.) So the safest thing I could do was pick the biggest names, and hold them for years, and retire when I was old. However, I soon realized that I was still in the same conundrum. I would have to work a long time and I did not know when I would finally get that promotion. Camaraderie, service, and freedom. + +One day, out of the blue, my friend messaged me that he was a day trader for about 6 months, and found little success until he signed up for Tim Sykes. I saw some of his videos on Youtube and thought it was a scam. However, when I talked with my friend to learn more about it, I saw how he started making $1,000, $2,000, $6,000 trades in a day! I took a week off of work to just follow his trades to see if it will work for me. I turned my $3,000 account into $10,000 in 6 trading days! It was too easy, it shouldn’t have been this easy to make the money, right? It turns out, we were both lucky and in a great market. Soon, the breakouts we were looking for would end abruptly. Instead of gap ups, it will be a 15% gap down. Also, slowly but surely, my gambling habits and mentality started to creep back in. I jumped into the deep end too quickly, was too confident, and that *easy* $10,000 became $300 in less than 4 trading days. + +I’d be lying if my attitude was, “oh well, I tried and failed, and only *technically* lost $3,000.” It sucked. Also, I did not just lose $3,000. I lost $10,000. I was not playing with *house money*. It was mine that I earned. However much it sucked, I did not feel defeated. I knew I jumped in without any clue of trading and I was just following trades that my friend was doing. I also knew that I did not want to stare at the sticks all day. It was exhausting and stressful. I actually thought I could do this by being humble, admitting I need to learn from the ground up and try again. I still didn’t feel I could do this as my main job because it did not meet my three “career requirements.” Yet. + +I became a mad man devouring any materials I could get my hands on. I learned everything there were on technical analysis, learned a few fundamentals, paid for multiple private discords, discussion groups, spent money on courses, read a bunch of books, listened to podcasts, and everything in between. I spent more money on these than I had invested into my trading account. After learning all that I could, I decided it was time to put in money again and start trading. I put another $3,000 and was ready to get huge returns. + +Sadly, although thankfully, the market had different plans for me. I learned *too much*. I did not have a system. I was implementing 10 different strategies, with 10 different indicators, and still haven’t mastered the psychology of trading. I was doing too much. With that many strategies, that many indicators, every ticker looked good. I would win some, but take my winnings too early, and lose some, and take them out too late. Ultimately, I was a 45/55 trader, taking bigger losses and smaller winners, and I blew my 2nd account in less than a month. This Bruce Lee quote is everything: “I fear not the man who has practiced 10,000 kicks once, but I fear the man who had practiced one kick 10,000 times.” + +I said “thankfully” before because, without that second $3,000 lesson, I wouldn’t be a full-time trader now. I narrowed my studies to just 1 style of trading. It’s from the great Mark Minervini. I bought and read “Trade Like a Market Wizard” and “Think and Trade Like a Champion” over and over again. I followed his VCP trading system and followed his screeners. I looked for the contractions, consolidations, volumes, and then breakouts. I studied books and traders that he looked up to and admired. I listened to all of the podcasts he was featured in multiple times. I studied over countless hours on charts and dedicated hours and hours of my time looking for past huge runners. See, history really repeats itself in the markets because humans don’t change. + +I now have 2-3 different setups I trade, but ultimately, I am looking for one thing. A consolidation and then a breakout that will go on for huge gains. + +As for the three requirements for a career, I was looking for? I get the camaraderie from my friends who I trade with every day. (Two of my other friends are full-time traders as well, at 33 years old, although they trade futures and use different strategies. My other friends are active in the markets, but still have their full-time jobs) I serve others by getting the freedom I desired. I am helping my friends see that this is possible with hard work and dedication. I so badly want my friends to join me on this road to freedom. I serve by donating money to missions in Paraguay, where I spent two years of my life. I will also serve those who have read all the way down here by sharing what I’ve learned. My successes and failures are a big part of who I am and why I continue to be in the market. It humbles me and teaches me something new every day. So follow along as I start posting here on Reddit, not so much about my picks, but my journey to become the best trader, and hopefully, I can assist at least one person along the way. + +Thank you for reading! +How did you get started? + +When did you start being profitable? + +Other than asking about resources, those are two very common questions. So I figured I would just put it down here, hopefully some of you find something useful out of the journey I took. + +— + +I grew up poor, but through hard work and education did really well for myself. Five years ago, living in LA with my family, I got interested in trading. It wasn’t out of necessity, more because I kept hearing friends/colleagues talk about how much their investments were making. I’m way too arrogant to think they could do it and I couldn’t, so I looked into it. And investing seemed....boring. Still it made sense that reductions in the corporate tax rate and lifting regulations would jolt the market (bad for the economy long term in my opinion), so I bought your basic stocks and did fine with them, still do to this day. + +But Day Trading caught my eye, and I started watching videos. Quickly it became obvious that if a video started off with a Ferrari or Lambo, to just click next. Still, among all the crap, there were some that made sense. So I ordered a bunch of books and read them. Learned chart patterns, option trading, indicators, you know, all the basic technical analysis info. I’m the type that before I do something I like to know as much about as I can. The whole “90% fail” mantra didn’t deter me. Why? Well, as I said, I’m arrogant so I figured I would be in that 10%, and experience has taught me that most people fail because they don’t put in the work. + +When I felt I learned enough I put $50k in an Ameritrade account, took some Thinkorswim tutorials, popped some pharmaceuticals and was ready to trade. + +I promptly got my ass handed to me. Hard. Typical story here - $50k became $100k became $3k. Yeah I didn’t know shit. Six months of studying and I still screwed up as badly as possible. I thought I could anticipate the market - “This stock is going to go up, it HAS to!” rather than wait for confirmation. + +Not deterred, I put in another $50k (mistake). I figured, ok, my mental game is off, I’m still treating it like gambling. So I read all the books on mindset (Trading in the Zone by Douglas was actually good), and tried again. This is now one year in, and I improved. It’s 2017-2018 and there are still commissions, but I started to see real profit. And once again, I was a moron. At the end of the year SPY hit a bear run and go figure I found out I sucked at shorting stocks and using puts. After two years my toolkit was still incomplete. I couldn’t trade in a bear market. But I thought I could! (arrogant remember?) The market quickly said, “No dumbass, you can’t”. + +Now I’m down close to $100k. I hate giving up. I do well, but $100k was a lot of money, and it was kind of making me sick thinking what I could have done with it instead. + +So I decided to do two things. One - start again but this time with only $10k. If I couldn’t build that up to over $25k using a combo of swing trades and my three day-trades every week, I had no right to continue trying to be a trader (btw - I still do this challenge for myself, except now I do a $5k account to build up on the side). Second, I was sick of doing this alone, so I looked for a good community to join. As you might expect most were either scams or just basic crap they were charging me to relearn. However there were a few that actually seemed worth the money, and I finally settled on one (I very strongly believe in the non-schilling rule - I don’t own or run any service. Obviously I have ones I would recommend, but I do not publicly recommend anything except the occasional book or free sites like Finviz. It’s a slippery slope that would fill these forums with scammers). There I met traders who have been making a living doing this for over a decade. I was able to discuss trades and strategies, analyze what went wrong and get an outside opinion. + +Well third time was the charm. I built it back with that $10k and by 2019, made back the $100k. + +I’ve now had 27 straight profitable months and my 2021 win rate is 87.2%. + +It can be done, and it doesn’t have to cost the two years of frustration and financial loss it did for me before learning how to do it. + +Everyone’s journey is different, but hopefully you can learn something from mine to make yours a bit easier. +ok, so firstly, + +all of the papers I found through Google search and Google scholar. Google scholar doesn't actually have every research paper so you need to use both together to find them all. They were all found by using phrases like "predict stock market" or "predict forex" or "predict bitcoin" and terms related to those. + +&#x200B; + +Next, + +I only tested papers written in the past 8 years or so, I think anything older is just going to be heavily Alpha-mined so we can probably just ignore those ones altogether. + +&#x200B; + +Then, + +Anything where it's slightly ambiguous with methodology, I tried every possible permutation to try and capture what the authors may have meant. For example, one paper adds engineered features to the price then says "then we ran the data through our model" - it's not clear if it means the original data or the engineered data, so I tried both ways. This happens more than you'd think! + +&#x200B; + +THEN, + +Anything that didn't work, I tried my own ideas with the data they were using or substituted one of their models with others that I knew of. + +&#x200B; + +Now before we go any further, I should caveat that I was a profitable trader at multiple Tier-1 US banks so I can say with confidence that I made a decent attempt of building whatever the author was trying to get at. + +&#x200B; + +Oh, and one more thing. All of this work took about 7 months in total. + +&#x200B; + +Right, let's jump in. + +&#x200B; + +So with the papers, I found as many as I could, then I read through them and put them in categories and then tested each category at a time because a lot of papers were kinda saying the same things. + +**Here are the categories:** + +* *News Text Mining.* \- This is where they'd use NLP on headlines or the body of news as a signal. +* *Social data - Twitter Sentiment/Google Search/Seeking Alpha*. Again, some were NLP, for google trends they just used the data. +* *Technical Analysis & Machine Learning together*. Most of these would take the price, add TA features, then feed into a ML model. +* *Other machine learning (as in, not using TA)*. Just using the price and some other engineered features. +* *Analyst Recommendations*. Literally just taking the recommendations from banks/brokers and using that as the signal. +* *Fundamental data*. So ratios from the income statement/balance sheet, + +**Results:** + +Literally every single paper was either p-hacked, overfit, or a subsample of favourable data was selected (I guess ultimately they're all the same thing but still) OR a few may have had a smidge of Alpha but as soon as you add transaction costs it all disappears. + +Every author that's been publicly challenged about the results of their paper says it's stopped working due to "Alpha decay" because they made their methodology public. The easiest way to test whether it was truly Alpha decay or just overfitting by the authors is just to reproduce the paper then go further back in time instead of further forwards. For the papers that I could reproduce, all of them failed regardless of whether you go back or forwards. :) + +&#x200B; + +**Now, results from the two most popular categories were:** + +* *Social data.*A lot of research papers were extensions of or based off of a paper by Johan Bollen called "*Twitter mood predicts the stock market*". It literally has 3,955 citations and is complete and utter horse shit; the paper is p-hacking to the extreme. Not only could I not reproduce the results, but given the number of sentiment indicators he uses I regularly found correlations between sentiment and my data based on how I engineered it. None of these correlations held over longer time periods. Every paper that's a derivative of this one or cites it has the same issues. +* *Technical analysis & machine learning.*Every paper would do something along the lines of.. take past price data for some asset (stocks, forex), then add technical analysis indicators as "features". Then either they'd run through a feature-selector that figures out the best features then put the best ones into a model OR they'd dump this data straight into the model and afterwards select the subset of instruments that it "worked" on. None of these would hold if you k-fold test them or test on different subsets of data outside of the ones used in the paper. The results are always based off of selecting favourable subsets of data. + +&#x200B; + +**The most frustrating paper:** + +I have true hate for the authors of this paper: "*A deep learning framework for financial time series using stacked autoencoders and long-short term memory*". Probably the most complex AND vague in terms of methodology and after weeks trying to reproduce their results (and failing) I figured out that they were leaking future data into their training set (this also happens more than you'd think). + +&#x200B; + +**The two positive take-aways that I did find from all of this research are:** + +1. Almost every instrument is mean-reverting on short timelines and trending on longer timelines. This has held true across most of the data that I tested. Putting this information into a strategy would be rather easy and straightforward (although you have no guarantee that it'll continue to work in future). +2. When we were in the depths of the great recession, almost every signal was bearish (seeking alpha contributors, news, google trends). If this holds in the next recession, just using this data alone would give you a strategy that vastly outperforms the index across long time periods. + +Hopefully if anyone is getting into this space this will save you an absolute tonne of time and effort. + +So in conclusion, if you're building trading strategies. Simple is good :) + +&#x200B; + +Also one other thing I'd like to add, even the Godfather of value investing, the late Benjamin Graham (Warren Buffet's mentor) used to test his strategies (even though he'd be trading manually) so literally every investor needs to backtest regardless of if you're day-trading or long-term investing or building trading algorithms. + + +I [try to write a bit on medium](https://towardsdatascience.com/crypto-trading-bots-a-helpful-guide-for-beginners-60decb40e434?source=friends_link&sk=6c68390cbf6ae7f464ad1666d55dba4b) even though I'm not a great writer if you wanted to read more from me and my [linkedin](https://www.linkedin.com/in/janny-kul/) for everyone asking about credibility. +Hello everyone, im very new to the dividend community... as in 2 hours ago I just got motivated to join. My question is, why would you not just put all of your money into SDIV, which currently has a 7% dividend monthly (i think?). It seemed to remain at a pretty constant price, and that payout is pretty nice. What am I missing here? Teach me wise redditors. +I started trading live in February and was up about 600 after 3 weeks, just risking pretty small lots and using my phone to trade (Oanda). Then I continued studying babypips and hopped on my computer to get improved charts, indicators, etc. and now I'm down over 500. I thought I might be overthinking it so I went back to the simplicity of my phone and instantly started gaining pips. + +&#x200B; + +Has anyone else found that becoming more simple has improved their trading? It seems like I can read and catch a trend really well on my phone with simple indicators but when I try to use fib, S/R, and chart patterns on my computer I lose more than I gain. +So my mom has a CPA and a lot of my own good financial wisdom comes from her. However, there is one thing that I can't seem to convince her on: timing the market of single stocks. + +So from looking at the ups and downs of the FAAMG stocks, she believes it's more efficient to go for these "high turnover" stocks. Buy in, wait until they increase by 10-20%, then sell off and use the capital to do the same thing on a different FAAMG stock in the next quarter. + +As an engineer, I actually don't have a problem with this hypothesis. It's a valid strategy that can work well if you have repeatable back tested methods and sufficient computing resources. Renaissance technologies does this to achieve insane returns. + +My main problem is explaining that we are not them. We don't have signal processing engineers, data scientists, and Nobel prize winning mathematicians on retainer to design machine learning algorithms to reap high expected values from the jaws of aggregate technicals and fundamentals. She claims it shouldn't be too hard. Just read news, guess when companies want to do a pump and dump or weird things like Elon buying up bitcoin, set calendar reminders for each up and down, then revisit them every year. + +I personally prefer all in VTI, and the nearly assured 8% annual return over the next 10 years. My mom thinks that's simply too slow and that everything goes up in 10 years. Her analysis is anecdotal. She believes that the fact AAPL keeps stock splitting and her one friend who bought some Amazon means that there's already tons of missed opportunity in the up and down cycles of every stock. At the same time, she doesn't believe in herself enough to risk more than 5% of her portfolio into these YOLO stock strats (thankfully). Honestly, if she had just gone all-in VTI five years ago, she'd have doubled her money. + +How do I convince her that making money off volatility like this is a much more complex problem than she thinks it is? + +Edit: Thank you for the advice. I’ve realized that this issue isn’t in a bubble. I think I’ll continue putting money into VT/VTI/VXUS in the taxable brokerage account I’ve had and eventually when the dividend payouts are enough to replace my monthly checks to mom, she’ll benefit from this whether it’s me or her who chooses to invest the money. +I am currently 23 years old and am single. I have zero debt, have a car paid in full, and I just recently moved back in with my parents a few months ago since my job transitioned to work from home. + +My goal is to be FIRE by the age of 35 or 40. I am currently making $80k a year with a 6% contribution to my 401k. This leaves me with a total take home of about $4,500 a month. $500 of this goes into my Roth IRA where I am investing 80% into VTSAX and 20% into VTIAX. The rest is currently going into my high-yield savings account that I use as an emergency savings. Here is where I currently stand: + +$15k in my high-yield savings account +$8k in my Roth IRA +$1k in my 401k + +To best reach my goal, what should I be doing with my money? I also plan to move out of my parents house in September of this year since my jobs office is in another city, and that’s when we are expected to be returning. This also leads me to the question if I should look into purchasing a home, or get a new apartment. I would like to buy a home to be gaining consistent equity, while I also understand the safety of renting an apartment, although I’m not fond with the idea of not earning any equity along the way. Any advice is great appreciated. + +EDIT: In regards to many of the responses, I would like to note that I currently work as an entry level Software Engineer and this is my first full time job as a new grad. My company also matches 6% towards my 401k contributions and has a “First time home buyer” program where they cover $10k of the closing costs towards a new home (Has to be a single family home, cannot be a duplex, etc.). Thank you everybody, all of this information is extremely valuable and I am so surprised and grateful to have so many incredible responses! +Did anyone spend a significant amount of money improving their physical appearance after FAT? Plastic surgery, personal trainer, nutritionist, personal chef, etc? Did you get the results you were hoping for? +I saw this this post :(https://old.reddit.com/r/ABoringDystopia/comments/inrl4b/2250_an_hour/) saying that US minimum wage should be at 22.5$ if it kept up with inflation and productivity growth since 1960. I'm usually careful about these claims and would like to know if anyone here could tell me whether this is correct or not. +As a side question, I get how you index a wage to inflation, but how do you index it to productivity growth ? That seems like a more abstract concept to me. +Thanks a lot ! +Given that there is ample empirical evidence (most notably from Ben Felix, probably) that dividends are irrelevant and that dividend portfolios underperform the market and carry extra risk and tax implications, what are some reasons that people still focus on them? + +Are they all psychological? Are most people here in the post-accumulation phase and relying on income? +[https://www.reuters.com/article/us-health-coronavirus-vaccines-moderna/moderna-says-its-vaccine-is-94-5-effective-in-preventing-covid-19-idUSKBN27W1E6?il=0](https://www.reuters.com/article/us-health-coronavirus-vaccines-moderna/moderna-says-its-vaccine-is-94-5-effective-in-preventing-covid-19-idUSKBN27W1E6?il=0) + +One of the good outcomes of Moderna's vaccine is that it can be stored in a Household or medical refrigerator for up to 30 days. This should be able to smoothen the logistics of distributing the vaccine. + +What are yourr moves for today? MRNA is already up by 15% in the pre-market +This is pretty much the kind of stuff we usually get— she makes almost everything from scratch. This will pretty much get us through the rest of the month. + +I know I’m very fortunate that I have someone who is willing and able to put in the work to actually cook— not everyone has the time and energy or even skills to do it. + +Before we got together, I ate pretty much nothing but take-out and stuff out of boxes and it’s expensive (in more ways than one) to live that way. +This month alone I've saved like $300 just by bringing in my lunch Mon- Thurs. I spend maybe $15 a week on lunch groceries and spend an hour prepping (I just bring in salad, yogurt, and fruit). It's been great for my waistline and budget. Now I wish I could eat more at home for dinner, but it's lonely making food for yourself for one meal. Plus I'm out at least 4 days of the week. +Overheard a conversation in the office on Friday morning a couple of cubicles up. A coworker, probably in her late 40’s, asking another coworker about the same age, how to transfer all her stock to bonds on the 401k website. The second coworker then describes click by click how to do it, while also getting rather angry at her (as a friend) for not doing it earlier as she had done. + +“YOU HAVE TO GET OUT OF STOCKS NOW” she almost yelled. + +I couldn’t believe what I was hearing. The market at that point was down around 20%? And here this person was about to eliminate a substantial amount of what could potentially be her life’s savings. And her friend presumably had already done the same. + +The more I thought about it, the more depressing it got. I realized they could have possibly done the same thing a number of times in the past. Each time they could have exited the downturn with much less than they’d started with. If they were still in stocks at this point, they must buy back into stocks at some point after the carnage. And all this essentially represents how they understand the markets, and how they believe one should invest. And it made me realize how scared someone like that must be about their investments and retirement, to think that at any time, the markets could tank and you simply just loose years of savings because of it, nothing you can do about it. + +Anyways, for a bit I attributed this to them simply not being that bright. But I began to think, what if I didn’t have groups like these? What if I didn’t have smarter people crunching the numbers, running the projections, doing unbiased research (hopefully lol), that I so easily get to benefit from? What if the only access I had to financial advise was through some shady financial advisor company or some relative? I could have been like them. + +Anyways, just thought I’d share. One of those moments that just blow you away and make you incredibly grateful at the same time. +I need only abt 1 lacs in bank for immediate requirements. + +The FD is useless . It gives i think 5% and can be liquidated any time + +I recently got a raise and a large amount got matured . Now i want to do SIP and diversify my investments. Total money is less than 50L + +So I cant invest them totally on equity. +But can do SIP and I want cagr in between 12-18%. Would leave them untouched + +Also I am getting close to 1.5 lpm then I need some proper way to channelise them into funds. + +EDIT : I thought of a defensive strategy like investing 75k / month (STP from liquid to equity) spread over several months or something like that +Tell me if it makes sense. + +Any ideas will be welcome +Started 1 year ago.... Today I hit 100/month dividends (on average, so it's 1200/year). + +Now remembering, last December I had 5.11 CAD, this December I'm at 172 (mar-jun-sep-dec are my heavy paying months) + +This is only in my TFSA portfolio which consists of 1 stock of each sector: BMO, ENB, FTS, KL, QSR, REI-U, SRU.UN, T, TIH. Outside of that I also have an RRSP (ETFs), employer ESPP and Crypto. + +I guess what I'm trying to say is stick in there, the results will come as you progress and you will see the effects. I'm far from the snowball effect taking place, but the feel of the snowball in motion is starting! This was a short term goal of mine when I started, and now my next goal is to double this in the next year. I didn't start with these stocks, but as many others, I put focus to my portfolio back in March and chose this. Since then I've been hit with 1 cut by Rio, but it only delayed my achievement a short while. + +*Keep your eye on the prize, DCA, and let time do its thing* + +All the best to all of you for 2021 hope it's safe and full of dividends! +Hey, I'm not sure if this is allowed. Another poster asked if there were any jobs in the US paying more than 40K/yr and I thought I'd share. + +I'm a single mom of 3. I had to leave my marriage and at the time I was a stay at home mom and had no college education. + +For the next 6-7 years I tried to go back to school several times but had to work, of course. I never made more than roughly $10.50/hr. + +I worked in retail, hotels, hospitals, etc but because of the cost of childcare/sitters, etc. I realized I'd save money if I could get a job working from home. + +I randomly went on Rat Race Rebellion and saw that Amex was hiring so I applied. + +I got the job. They started me at 38K. Benefits start on day 1 and that includes a ton of PTO, good health bennies, etc. + +I'm at year four and made 52K last year. + +They are [hiring](https://aexp.eightfold.ai/careers/job?domain=aexp.com&pid=11773037&pid=11821648&location=United%20States&triggerGoButton=false&Select%20Primary%20Career%20Areas=travel%20%26%20lifestyle&job_index=4)for that same position. + +If you have any sales, hospitality or customer service background and are in the US I highly recommend shooting your shot. + +We are not thriving by any means but we are ALSO not feeling that velociraptor of poverty at our ankles either ykwim? + +P.S. I do not get anything for sharing this link. There IS a separate referral link but I don't know y'all so I'm not trynna get MY work reputation all forked up. Not worth it for me. + +Good luck! +Hey there, dildos and dildettes. I normally keep my DD to myself and my friends, but if I can convince my cautious anchor to reality that GME is going to the moon, maybe I can help you do the same. + +If you don't have someone keeping you grounded and real, you should. Fiery passion only beats cold hard facts in Julie Garwood novels and succubus hentai. + +**OBV** + +OBV = On Balance Volume and typically it follows the price movement closer than Citadel interns follow this sub for the latest image of Kenneth as an alien covered in nipples. (You fuckin weirdos) + +Here's the OBV on some stocks that mean something to normal bipedal hominids: + +[FB](https://imgur.com/gallery/4IMydAK) + +[NIO](https://imgur.com/gallery/KUbCzyN) + +[AAPL](https://imgur.com/gallery/e8smoN5) + +[SPY](https://imgur.com/gallery/ucCmYAY) + +Very clearly you can see that the price movement and the OBV need to get a room. Now let's look at the OBV of GME. It should have the same line as the one on your RH homepage right? + +[DatBoi OBV](https://imgur.com/gallery/mldjnYn) + +Fuckin WRONG. Now I know what you're thinking: + +>But u/OverlordHippo how can you call us dildos when you didn't even crop your screenshots. + +Blow me, I just realized it and I'm not redoing it. + +*So, what's the formula that turns numbers into lines here?* Come on now, let's not pretend you'd understand it. Think of it like this though; There are daily posts showing the buy/sell ratio being a win for the Apes. The OBV confirms that. + +*What does this mean?* Look at the GME picture again and imagine the price movement continuing the way it should have without the good old fashioned HF fuckery. It looks like it should be sitting around $550. + +That's $550 without any shorts covering. Shorts covering equals = buying. Buying = price goes up. OBV shows buying is dominant, yet price goes down = shorting enough not to just stop it from going up, but to push it down significantly. Tits = Jacked. + +**Beta** + +We're not talking about your personality here. We're talking about a stocks relationship with the rest of the market. The market beta value is hard set at a value of 1. + +If a stock has a Beta value greater than 1, it's price will move in relation to the market's movement, but to a greater degree. If a stock has a Beta value lesser than 1, it's price will still move in relation to the market's, but to a lesser degree. It's rare, but a stock can have a negative beta, which means that it has an inverse relationship with the market. + +Most stocks hover around the market value. Best buy is 0.82, Amazon is at 1.11, that sort of thing. The stocks within the market as a whole typically move together. You see those posts with all the red squares when the nasdaq has a shit day. Good days and bad days evened out and extraneous events aside (like some CEO gets caught on a zoom conference with a fleshlight/nipple clamp combo in his desk drawer shaped like a scorpion) the market moves in tandem to the stocks that comprise it. + +Here's some boomer piece talking about how stocks with low Beta are a great way to hedge your portfolio against market volatility. + +[Lowest 5 Beta stocks of the S&P 500](https://www.suredividend.com/low-beta-stocks/) + +In there you'll find such classics as *Johnson and Johnson* and *Proctor and Gamble* the kind of stocks that are less exciting than re-uploading screenshots that you forgot to crop. The point being that the lowest Beta of the SPY is Walmart at 0.36. + +That's the extreme outlier of stocks considered relevant. + +[Here's GME](https://www.infrontanalytics.com/fe-EN/34916NU/GameStop-Corp-/Beta) + +-5.62... Not just 0.069, not -4.20, but -5.62. + +Basically the market could implode and GME is going surfing the waves of the tears of everyone who doesn't have some. Someone should buy an ad on NPR or a commercial during MASH reruns about hedging your portfolio with GME against market volatility. Our granpappy's will be burying shares of GME in the woods behind their houses and shit. + +*Are we the boomers now?* I fuckin guess so. It's going to be hilarious saying: + +>You should've hedged properly against this volatile market by buying something safe like GME. + +So there it is. Data driven proof of price suppression and certified boomer approval of portfolio hedging strategies against market volatility all wrapped into one tasty package. + +**Summary/TLDR** + +OBV and Beta definitively show that the price is both heavily suppressed and that GME is a safe haven in a volatile market. Not only are we correct in our reasoning, we're in a financial lifeboat rowing away from the sinking Titanic that is the market. + +If that doesn't convince the skeptics in your life, then name your yachts after them or something. + +**TLDR for those who can't read** + +🚀🚀🚀💎🤲💎🍆🐜🚀🚀🚀 + +**** + +**Edit**: Lots of dildapes out there twiddling their neckbeards and saying things like + +>OBV and Beta can't be used to predict price movement, they're made up of data from previous price movements. + +Congratulations, you just described literally all of technical analysis. *No shit* it's made of data from the past and present. It's not like it's made up of data from the future, McFly. MACD, RSI, Stochastics, candlestick patterns, and the skidmarks in your briefs are all entirely comprised of prior movements and used to predict future movements. Even the skidmarks. **HELLO** you already almost shit yourself... Are you going to try and sneak out another one? + +**Edit Part Deux**: I see a lot of different Beta values being posted from different sources. Yahoo Finance shows -1.94 and the Bloomberg terminal shows -bazillion. *Which is it?* As some have said, some sources don't include AH trading, so who knows. It's probably something closer to zero than the overpriced boomer machine that runs Windows '69. But, with information as it is for us lowly peons of the financial world, who tf knows. You can bet your Shrek box set on the fact that if even Yahoo Finance says it's *pretty* bad, it is really fuckin bad. +I am one of those people who goes all in. I was trading 30 DTE+ options and using strict stops my strategy was utilizing strict stops and if I saw a substantial amount of profit I would sell. Secondly, I had a daily goal of $1,500, but in reality I would be okay with anything above $500. +I’m really excited to say that I have finally been approved for my first investment property. 9 +Units. All single family units. 8 houses are on one street and one deed, and the other is just a few blocks away. I expect it to cash flow $2,000/mo. All are currently rented out with longer term tenants. Appraisals are set for next week. Expect to close by around the 1st of March. If you have any good resources for new investors please let me know. +So its begun we are now lifting off from low interest rates and it's good to see they have 6 interest rate hikes planned. It seems like Jpow is going of the measured slow approach which imo is the best approach as there is so much uncertainty these days (Russia, COVID) + +Will be interesting to see what they do with the balance sheet roll off as that will be needed to be addressed soon as it's at 9 trillion + + +https://www.cnbc.com/2022/03/16/federal-reserve-meeting.html +Come on folks. This shit happens every single time our beloved stock is doing beautiful things. + +Don’t get sidetracked. This is literally a recurring thing and to be frank, I feel like this shit is planned to distract you. It happens over and over and over. Focus on the reason you’re here, not everything else. + +Have a good day, it’s Tuesday y’all! + + +Long term 99.99% of penny stocks and 99.9999999999% of penny stocks recommended on this subreddit just go down. + +Bag holders try to prop them up, promising short squeezes or catalysts NEXTMONTH^(tm) , but 99% of the time, none of that happens. + +If you are in a penny stock and there's no big movement and no catalyst for a month, Get out. + +If you are thinking about getting in and they are just in phase one testing for the miracle drug. Don't buy, you'll have time. + +Penny stocks are for quick holds. Wait for the catalyst, buy a day before and ride the wave up or if nothing moves get rid of it quick, because if the catalyst comes up empty, you're going down. + +Good luck! +# Amount: $100,000,000 + + + +**Common Shares - Warrants - Units - Subscription Receipts - Debt Securities** + +This Prospectus relates to the offering for sale of: (i) common shares (the “Common Shares”); (ii) warrants (the “Warrants”) to purchase other Securities (as defined hereinafter); (iii) units (the “Units”) comprised of one or more of the other Securities; (iv) subscription receipts (the “Subscription Receipts”); and (v) debt securities (the “Debt Securities” and together with the Common Shares, Warrants, Units and Subscription Receipts, collective referred to herein as the “Securities”) by High Tide Inc. (the “Corporation”) from time to time, during the 25-month period that the Prospectus, including any amendments hereto, remains effective, in one or more series or issuances, with a total offering price of the Securities in the aggregate, of up to $100,000,000. The Securities may be offered for sale separately or in combination with one or more other Securities and may be sold from time to time in one or more transactions at a fixed price or prices (which may be changed) or at market prices prevailing at the time of sale, at prices determined by reference to such prevailing market prices or at negotiated prices. + + [Source](https://www.sedar.com/GetFile.do?lang=EN&docClass=9&issuerNo=00045217&issuerType=03&projectNo=03202867&docId=4930285) +Welcome to the Daily General Discussion thread of /r/EthTrader. + +Please find the [Daily Non-Eth Discussion thread here](https://www.reddit.com/r/ethtrader/comments/6xylt4/daily_noneth_discussion_September_6_2017/). + +*** + +The thread guidelines are as follows: + +- Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss that in the Altcoin Daily. +- All sub rules apply here so please review our **[rules page](https://www.reddit.com/r/ethtrader/about/rules/)** to become familiar with them. The rules page is also linked in the announcement bar above. +- This thread is meant to be more relaxed compared to the serious daily thread. Memes, lambos, moons are all welcome. +- If the front page gets overloaded with memes, all but the top two posted and voted on may be removed. Basically, please post memes in this thread first and upvote the best so the mods know which ones to keep if we need to remove a bunch of memes from the front page. + +*** + + Resources and other information: + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our [Ethereum Education wiki page](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! + + I do my best thinking when I'm smoking weed. My wife would disagree with that. I'm enjoying my after-work SuperStonk sesh. Cheers to all y'all. + + I'm reading all these Citadel tweets. Damn, they keep getting dumber and dumber, but the theme remains the same: 'KG is being targeted by conspiracy theorists.' And like many of you, I'm wondering: "Who the fuck is Kenny talking to? Who could be dumb enough to believe this shit? And why now?" Who, I asked myself, among the all of the people who are following this particular story, is dumb enough to believe these hackneyed tweets? + + I took a drag on my Kosher Kush, and the answer hit me like a bag of hammers. It's his clients. It's his stupid fancy clients. Ken Griffin's fancy rich celebrity clients are the only people on earth that are both: 1- Following this story, and 2- Dumb enough to believe KG's tweets. + + "And why now?" was the last question. Why is Citadel tweeting now after months of silence? Why not just STFU like his lawyers are begging him to? Is it because the internet hurt his feelings and he just had to tweet out a response? No. + + It's because his clients are pulling their money out of his hedge fund. His clients are hearing rumors and freaking out and they don't wanna be the next Micheal Jordan. They are pulling what money they can, and they sure-as-fuck are not going to give KG another dime until this mess is straightened out. Ken Griffin is tweeting to his clients in an attempt to soothe them. He's doing it because he needs their money. + + Hope you liked my story. Obligatory DRS your shares, y'all. For real. Once we've got every share DRSed, we become the DTC. +More and more I’m seeing questions and advice about long term investing. Ie. people asking how many days to hold stocks for and good ETFs to invest in. Remember seeing a post yesterday about advice for trading and one of the recommended books was in reference to the boglehead methodology. Just a few minutes ago I saw a post about day trade ideas and one of the comments talked about holding BIDU for 3 months. Like what? Can the mods enforce that this sub is only for day trading? We have plenty of other subs for swing trades or long term investing. Would like if this one was used only for discussion about day trading. +**EDITED TO ADD THE FOLLOWING:** + +***\[START of edit here\]*** + +*Page 5 of the report states "unrisked mean totals are not representative of the expected total from the prospect and assumes a success case in all 11 reservoirs* + +For XST: + +Andrew Childs has been DAY TRADING this fucking stock himself + +11/02/21 Andrew Childs Buy +10,000,000 ( Exercise of options @ $0.005 ) + +11/02/21 Andrew Childs Sell +3,700,000 (Sold on the same day for $0.02 ) + +11/02/21 Andrew Childs Sell +500,000 (Sold on the same day for $0.02 ) + +&#x200B; + +David McArthur has also been DAY TRADING this stock himself + +16/02/21 David McArthur Buy 5,000,000 ( Exercise of options @ $0.005 ) + +16/02/21 David McArthur Sell +2,500,000 (Sold on the same day for $0.02 ) + +16/02/21 David McArthur Sell +2,500,000 (Sold on the same day for $0.02 ) + +\---- + +Further to these, the announcement released on the 17/02/2021 shows that they have exercised their options AGAIN for more. + +It seems like they liked the rush for flipping for a quick profit. So both Andrew Childs and David Mcarthur have acquired more. + +Andrew Childs acquired another 10 million in XST + +David Mcarthur acquired another 5 million in XST and 2 million in SGC + +\---- + +Going by the above, these are the 2 directors / dogs that dumped onto us on the market. Theyve now acquired the latest batch at the following rates (XST 0.005c / SGC 6c). + +Is this the company you are supporting ? Its nothing but a SHAM. Their options expire in the year 2022 , so why are they in such a rush to exercise and flip them now? + +***\[END of edit here\]*** + +\---------------------- + +I am writing this because i feel like weve been duped. + +Disclosure: i sold out today with a hefty loss , and i didnt make that decision without careful consideration. (if the share price went below what it got to, i would be officialy outside the territory of "only invest what you can afford to lose". Its a shame because ive lost all my profits from prior weeks/months (as always happens to me) and back to square one. Lesson learnt? lol , i never learn my lesson. True autist right here (i make good gains then get too excited and over confident, lose all my gains and start again. Its a never ending cycle). + +**Now back to the point:** + +SGC has mentioned on numerous occasions: *"Sacgasco has an extensive portfolio of natural gas producing wells and prospects at both exploration and appraisal stages,* ***including multi-Tcf opportunities***\*."\* + +From Multi-**TCF** to **19.5bcf** \- what the fuck , thats not even in the same ball park , not even close. Im not sure how they done a CR with misleading information. + +Ive looked deeply into SGC and i can see theyve been a failure for the last 5 years. Their share price had a spike in 2017 and then back down shortly after. They live off CR money, and also, they sell shares on the market to us retail guys. So the other day when there was heavy selling , it could have been the directors themselves offloading on to us. What pieces of trash. + +The same goes for XST. Their share price actually started to decline from 2017, YoY declining further. + +The #1 shareholder of XST is Petroleum Ventures Pty Ltd , and that is Andrew Childs (he is the chairman of SGC and also the managing director of Petroleum Ventures). + +To me it looks like they are all one and the same, same people on the board, and XST is possibly just a shell company to mitigate risk for SGC. Either way they are all heavily affiliated, and they all sell shares on the market to make money. + +**Why did i decide to sell:** + +Firstly (other than the bad report and misleading borba potential from management), there were heavy sellers every day , and low volume buyers. Whenever the buyers start touching a block, these heavy sellers would add another 300k units for sale. It was ongoing with no remorse. The sellers also would keep selling to the next available block when buyers stopped buying at the current block (they dont care about the price, because they have obviously bought in a long time ago, or in the CR for cheap, or with converted options for cheap and are still making good profits). It was definitely not retail dumping those big numbers of shares over the past week. Ontop of that i saw the announcement of the directors exercising options for 0.006 c and were ready to start offloading on market again too. + +That brought a negative sentiment to the management team. Because they were preparing to dump when the SP rose (or thats what we think anyway). Compare that for example, to HT8 director who buys on market when the price drops. These guys are dogs + +Also, based on my opinion, i think that the next few announcements , if very positive and received well, will bring us back to the "break even" zone of the ATH range. I dont see this as that multi bagger rocket anymore after the resource report. AND, if the next few announcements are not received well, or if theyre trash, (or for example if they find gas but its not enough gas to make it commercially viable) we could see some more serious losses and fall in the SP (and that i couldnt afford to go through). Now, it has been a very stressful week and id rather take the hit and recoup the funds elsewhere than to stay on this dog shit for another month with a chance of losing even more (if the project fails). ***Its not a high risk high reward, its a high risk , low reward from my understanding.*** + +Now ofcourse i could be wrong and it could rocket , its just my opinion at this stage + +&#x200B; + +Now i have taken some info from one of our own autists, who did also post on HC recently with his DD: + +[**Catch2200**](https://hotcopper.com.au/search/search?type=post&users=Catch2200) + +**"The 70% chance of geological success is the chance of at least one layer being successful. Individually each layer only has a 17% chance of success (see page 4).** + +**The table on page 4 shows that the total in-situ for SGC (their 66%) is 74.5bcf.** + +**The table on page 5 then rolls up each of the individual probabilities for each layer to determine an all-together probability of success. Remember the 70% chance is only the chance of at least one successful layer. This leaves you with a probability of 19.5bcf.** + +**You can’t read the 141bcf or 74.5bcf figures without then going to the page 5 table. The page 5 table is there for a reason - you can’t ignore it just because it’s a less exciting story.** " + +" **I was holding SGC for a chance of a proportion of a** ***TCF asset*** **in Borba 1-7, not for a proportion of 26bcf. It’s actually 19.5bcf for SGC once you apply the 70% factor (see the table on p ok age 5). That 19.5bcf figure also doesn’t account for chance of development (ie commercialisation) which is estimated at 80%.** + +**When you take all of this and work out a NPV (difficult to do confidently without knowing other factors like how long it could produce for, but I ran the numbers assuming 5 or 10 years with a 10% discount rate each) and you don’t get much compared to what it could have been.** + +**19.5bcf over 5 years at $5 per MMbtu with a 10% discount rate is a NPV of $74M. That becomes $60M when you factor in 80% chance of commercial success.** + +**You never get the full NPV reflected in a pre-production company share price. Most of the time I would expect 1/4 or 1/5 of the NPV for a non producing company but SGC is very close so I’ll call it 1/3 to 1/2 NPV. This means Borba 1-7 is currently worth $20M-$30M on a fully risk adjusted basis to SCG.** + +***It should be enough to sustain a share price around the $0.08 - $0.1 level for sure,*** **and I can see upside above there when you factor in the Canadian assets and also the chance of Borba being more successful long term.** " + +**I think it’s even heading towards good value at this price ($0.08 close), but it’s gone from being an absolutely no brainer throw-everything-at-it play to a more cautious play.** + +\---------------------------------- + +As we can see from the proper DD above, if everything goes well then we're on track to sustain the 0.08-0.10c level (i know everyone calculates / does DD differently, but this autist is a realist, and not aHC ramper). From now until then we may see more volatility (including spikes UP in the SP - which will be good chance for you to get out without loss) , and if things dont go so well the risk of big falls in the share price is high. I dont feel like its worth the risk at all to stay in (IN MY SCENARIO, where i had invested way too much capital and **Liquidity in SGC is BAD**)**. But for others with smaller investments, i recommend to hold and ride it out, you might come out ontop. Theres a better chance for you with that.** + +**In saying that , however, if they are successful it can open the doors for bigger things - and for my diamond hand guys, i truly hope it rockets and they find more gas than ever expected** + +Also im sorry if anyone jumped on board because of my posts , i was also duped in the hype and marketing gimmicks . + +At the end of the day, for all we know next month i could be kicking myself for selling, it was/is a gamble - the gamble may or may not pay off for diamond hands. + +Also , now you know the reason why traders prefer XST. Because if you want out its so easy to get out without affecting the share price. With SGC, for me to get out i had to sell in a range of share prices (because not enough buyers / bad Liquidity .). So to exit i needed to wipe out 5 buyer blocks and drop the SP . And if there were no big buyers i n those blocks it could have been worse. I actually believe they were 'fake' orders , because ive seen it before. Where pumpers would put in big buy orders below the current price to make it look like theres big buyer interest starting, and then get buyers to buy their shares at the current share price (i hope so too because fuck them). Those buy orders never existed prior to the rapid decline in the SP. And whenever they sold 200k shares they would add another 200k shares instantly. Ruthless dumping + +Anyway , this is a super sloppy post , im tired, apologies in advance +Rang up my bank last week and said I'd seen lower home loan rates than what I was on advertised and asked what they could do about it. + +Straight away they offered a 0.25% reduction, then asked if I was happy with that. If not, I could go through to another team to discuss. Went through to the other team and after 5 min of basic questions they offered another 0.15% on top, to give a 0.4% discount off my old rate. + +Old rate was 2.34%, new rate is 1.94%. + +Can't believe it was that easy... +I’ve been reading some Marx and Adam Smith so I’ve been thinking about currency a lot and I think I came up with an answer to this in my head but I wanted to know if it’s valid or not. + +A has book, B has chair, A sells book for $10 to B, A buys chair for $10 from B, the monetary value of the commodities is $20 but you only need $10 in circulation to facilitate the exchange. + +So the nominal value of all the currency in an economy is half of the value of the commodities in an economy. Right? + +Edit: Had a shower, and then it hit me, everything I’ve just said is utter rubbish, Im not sure what I was thinking when I wrote this 😂 +Michael Burry is saying index funds are a bubble - they pump up equity values through passive investing which is disconnected from any kind of analysis, thus forming a bubble. + +Not saying he is correct, or not, but assuming he is correct what's a good way to achieve diversification (so you can 'set it and forget it' just using dollar coast averaging and rebalancing) without resorting to purchasing index funds? + + ['It will be ugly': The Big Short's Michael Burry on why index funds are like subprime CDOs - BNN Bloomberg](https://www.bnnbloomberg.ca/the-big-short-s-michael-burry-explains-why-index-funds-are-like-subprime-cdos-1.1310874) +SEC Filing for Northen Star and Apex merger link: [S-4 (sec.gov)](https://www.sec.gov/Archives/edgar/data/0001834518/000119312521109685/d121216ds4.htm) + +Addendum— these lawsuits are mentioned in an upcoming merger- lawsuits related to the debacle fall out from GME in January - the reason I think it’s a positive thing is the merging brokerage must disclose and they state an increase of awareness of market manipulation and this makes them more liable and also more apt to regard Sec laws. +Also it provides more info to help us know the bigger picture. I think this is all GOOD- there will be more eyes and more regulation. I personally am not changing my broker. Just personal opinion and absolutely not financial advice. I’m a silly ape who doesn’t know anything. + +\*Note I only had time to start perusing it-- I think this document is a great filing that can help gather more info. Just putting it out there for all the other ape nerds like myself that like to research-- I appreciate you all as all of us that play by the rules need to see the bigger picture to stop allowing the bigger parties to make their own rules. + +&#x200B; + +Part of merger goes into detail about APEX lawsuits and "conspiracy"-- + +" Plaintiffs allege that Apex, along with over 30 other brokerages, trading firms and/or clearing firms, including Morgan Stanley, E\*Trade, Interactive Brokers, Charles Schwab, Robinhood, Barclays, Citadel and DTCC engaged in a coordinated conspiracy in violation of anti-trust laws to prevent retail customers from operating and trading freely in a conspiracy to allow certain of the other defendants, primarily hedge funds, to stop losing money on short sale positions in GameStop, AMC and certain other securities. " + +Engaging in unfair competition + +" Apex Pro, ETC Processing Technologies LLC and ETC Global Holdings, Inc. (collectively, the “*ETC Defendants*”) are defendants in the matter captioned as InteliClear, LLC v ETC Global Holdings, Inc., et al., filed in the United States District Court for the Central District of California (the “*District Court*”) in 2018. The plaintiff in this matter alleges that the ETC Defendants misappropriated trade secrets under the Defend Trade Secrets Act and California Uniform Trade Secrets Act, breached a contract with plaintiff and engaged in unfair competition. " + +Please disregard my spelling errors in title- my +iPad wasn’t the ideal typing platform and I’m horrified I cannot edit it. *ashamed ape* + +\*cheers my beautiful apes\* +**As a side note, yes I know I am in a fortunate position. However this is something I can't really talk to family / friends about, and I am self employed so no work colleagues to discuss with either. I've tried speaking to banks / accountants, but all their advice is incredibly self motivated and only answer in a way that would benefit them, so just looking for some thoughts from people without any skin in the game. And no I didn't make this from crypto, investing or any inheritance, I've worked my balls off the last 20 years on my own business** + +Assuming I have the £2.5m invested in the markets (low cost global tracker funds), and I don’t plan on living past 90 / don’t care if I run out of money by then, is there any good reason I should continue to work now if I don’t enjoy it? + +I understand inflation might be an issue, and in 25 years £50k a year might not be anywhere close to what it is now, but, in theory in 25 years my investments should have also grown at least with inflation. I also own my house out right so living costs aren’t too much of a concern. + +Is there anything else I am missing here why I shouldn’t stop working now? I understand there is a risk that maybe the market tanks 50% and takes 10 years to recover, in which time I would have taken a big chunk of my principal out… but I guess worst case scenario I either cut back on withdrawals a for a few years or pick up some work. + +It just seems foolish to continue to work if there’s a high % chance I will never run out of money, and seems like the wise choice would be to stop trading my time for money and instead spend my time doing things that I enjoy like travelling before my health deteriorates more as I continue to get older? + +**What would you do in this situation?** + +*Edit, just want to say thank you for all the comments so far, getting a lot of different views and opinions which is very useful, so thank you for all of them even if I don't reply I read them all! Will come back in a few hours to check out any new comments, unfortunately I haven't quit just yet so have work to be cracking on with.* +I have no idea if this is the right place to post this or not but to give a general overview... I’m 27, I moved out of my parents house around 7ish years ago. I ended up with £15k in debt because of stupidity but I’m in a position where I’m paying it off at a good pace. I’ve also been trying to get my credit score back up because I’ve become really serious about buying my first home. + +I recently got out a Vanquis credit builder card (the interest on it is extortionate but I get why) that I was going to use to pay my phone bill every month and then put the money back in, in full. + +I should mention that I’m self employed, my earnings vary greatly from month to month. I could come home with £500 one month and then £2000 the next. + +My mum had to give up her job a few years ago because of a nervous breakdown and my dad works at basically nat min wage. + +My mum found out that I had this credit card and asked me to pay for my dad’s car insurance, because they had been wiped out by rent that month (the old corona took a toll on finances) so I agreed, but only as long as they paid me back, in full, when my dad got paid. They agreed and promised they would. End of next month, I asked for the full amount, suddenly it was an issue. They wanted to pay me half of what they owed me and to pay it off over a couple of months. I said no, I wanted the full amount because it’s not technically my money, it’s borrowed. That’s when the guilt tripping started. They started saying everything they had ever done for me. Which, actually, isn’t that much. They paid off a £50 phone bill once, I paid them back within a week or two. + +Now, she’s asking me to get her a month’s worth of shopping and I’m being guilt tripped saying they don’t have enough for food and that they’ll “just have to starve for a few weeks” if I don’t get them a food shop order. + +Bear in mind that they’ve already maxed out a £3.5k credit card of their own. + +I’m in a catch 22. I live 100 miles from them (I did that on purpose - if it could’ve been further, it would’ve been). I don’t want to feel like I have to support them as well as having to support my own family (Boyf + cat, no children - cost of living is horrendous in south east England so the majority of my wages go on rent, bills, debt repayments and savings) but I hate being guilt tripped all the time and then when it comes to paying me back, there’s always a reason why they can’t. + +I know I’ve gone on a proper ramble and I hope this makes sense to anyone reading but I just really need some advice. Would you continue to support them, would you just put up with the manipulation, would you cut them off? + +Thank you for reading if you got this far. + +Edit: I just want to say a huge, huge thank you to everybody who has commented with advice for me. I’ve read it all, taken everything in and now know how to approach this situation with a much clearer mind than where I was at this morning. + +Also, for anyone who went into their own stories and own backgrounds, I just want to say a massive thanks. It’s so nice to hear it coming from people that have, in their own lives, dealt with things on a similar level and I hugely appreciate each and every one of you. +Hey, + +I know this will sound unbelievable and to be honest I still think I'm only dreaming, but 2 days ago I won cca. 42 000$ on a poker tournament. + +I'm 19 years and I grew up in an emotionally abusive family. I wanted to run away ever since I was (like) 12. Money was always the issue. For information, I live in Europe and finding a job in my country is very difficult. But now, I'M FREE. + +Reason why I came to reddit is to ask YOU what should I do with this money? I was thinking about renting a place (250$/month) or maybe even buying a place! + +I'm getting some miserable scholarship (300$/month) because of my social status and good grades. Anyway, in my calculations, I could live for 10 years WITHOUT getting a job!! Of course, I would get employed as soon as I could... + +What should I do? + +Rent? + +Buy? + +Invest? + + +EDIT1: Yes, I'm going to pursue playing poker but I'll keep it with minimum risks. I don't play cash game, only tournaments raging from 10$-200$ buy in. I won't raise that bar and I probably won't play poker till the next big tournament. Poker isn't gambling. Poker is a sport. + +EDIT2: For comments regarding I couldn't live for more than 2 years with 42 000$... Listen, my father and mother TOGETHER earn LESS than 10 000$ a year. COMBINED!! Do you realize that my parents work 4 full years for the money I earned in ONE NIGHT!! We are a 6 member family. Yep, we are poor as fuck, we don't eat meat every day. I know there will be some unexpected expenses, but living for 5 years would be absolutely no problem. Party life and all that isn't really for me, I'm in a long term relationship. + +EDIT3: Regarding family issues. My family is a mess. I don't like them nor they like me. If I left today, I don't even know if they would care. I just don't like to think about them and I try to have a positive view on life, so I wouldn't want to 'cut them off'. Eventually, they would HAVE TO find out how I got the money, they wouldn't be particularly happy about it, but what can they do... IF they found out that I posses this sum of cash NOW, they would turn into wild animals. + +EDIT4: Leaving country isn't an option. My education is here, I can't just throw that away. Yes, I'm in the EU, but in one of those shitty nations. Setting some cash aside only for poker is a good idea. 5k's is a bit too much, 2k. I haven't told anyone. I haven't spent a penny. + +CONCLUSION: Thank You all for your advice, you've been very helpful. + + I thought a lot about what I'll do. My plan is to wait. 2 years ahead I'll see how my college works out. I applied for a professor assistant job on my college, there is a big chance I'll get this job in the next 5 years and once you do get this job - you're financially set for life. If I get the job, I'll move out instantly. Without that job, I honestly think moving away would be (somewhat) a bad idea, but I don't think I'll last for 2 years since I'm living in a very toxic environment. Backup plan is renting a small place (nothing bigger than 30 m2, which would cost me around 150$ a month). Yeah, and I'd had to be very economic, crawling back isn't an option. Waiting begins. +Hi everyone, + +Not talking about FTSE100, but on AIM there are many companies which seem very undervalued. Anyone else finding this right now? US stocks get hyped beyond belief, yet many UK companies are profitable, debt free, have good business models, and very very cheap. + +One company in the UK is producing a drug to treat COVID-19, its in phase 2 trials, and if phase 3 is successful will be granted emergency approval for drug use in the US, these results should be in 2021. Its one of only a couple of drugs that have made it to this trial of COVID drugs. Is this talked about on UK news, no... Is it talked about much online, no... The market cap is around £300 million... I swear if this was in the US this would be looking at 5x the current MCap without the hype taking it even higher. + +TLDR: many UK stocks very cheap, moderate risk with very big potential. +Doing my research I can see that stock trading commissions on US brokerages - TD Ameritrade, Robinhood, Schwab are basically $0. There are no annual management fees as well. + +Compare that to the UK where some brokers such as Hargreaves charge you a whopping £12 per transaction AND a 0.5% management fee per year. How can this be? Why is the UK so expensive compared to the US. Oh, and we need to pay for foreign exchange to buy USD..... + +Then, since the UK government banned the sale of US ETFs, we need to buy expensive UCITS ETFs which have a comparably higher management fee..... +I'm a big student of generational poverty behaviors in my own quest to educate myself to be more sustainable, but also to share with the low-income people I work with. + +So today my sister texts me and says she needs $400 to pay her power bill. + +I look at my bank account in my usual knee jerk reaction to her crises and I just paid for my car registration and it had tanked me to just having my rent and bills in the account for the end of the month with only 1/2 a paycheck coming from my new job and I have no idea how much it will be after taxes. I also have money I can't withdraw in my savings w/o a penalty (which I should've never told ANYONE in my family about.) + +I think and think because I don't want her kids to go without power since she is so behind. So I offer to pay her bill on a credit card I basically have thrown in a box in the back of the garage for emergencies only if she promises to pay me back by the end of Sept. + +She says "oh, no..I'll just get a payday loan!" + +So I am "No, that is terrible, let me pay for it! The payday loan people will take 25% of your check at least! Just give me the info and I'll go online and pay.." + +"Its ok...I'll call you if it doesn't work out." + +So... + +**She really didn't have a bill to pay - she just wanted me to hand her a stack of cash and let her "pay" it.** + +I hope other people can sympathize. I fall prey to my family wanting money pretty easily, but an old mentor told me once, which I should've remembered, "always pay the bill, never hand over the cash." + +He said he learned this because he used to do it and he'd see his sister or cousin walking around with a new Coach purse or a new TV. And that is the epitome of generational poverty thinking - soothe the pain and lack of resources by impulse buys and entertainment, vs saving up and using windfalls to take care of things like utilities, doctors, dentists, and so forth. + +Because family thinks you owe them..and maybe in some ways we do - but I can't subsidize her knowing she's not going to use it help her kids. + +\[Update\] I love to see people talking about this and sharing our experiences. The worst think about having a trauma in our lives is the feeling we have to hide it or the people in our lives just won't understand. When I work with new groups of teens this is the most powerful activity we do - to share our collective experiences and realize we aren't alone. + +So my big "confession" here is that up until I was about 28, I used to panic and ask family members for money. I'm not saying all the time, but I certainly didn't have a credit card (because my mother told me they were evil) so I didn't have credit. I lived off my social abilities and whatever I needed, from housing to food I got from real people. + +Earlier in my 20s, I would steal or take things just "laying around" because I "needed" them and people weren't using them so it was a waste. And I took advantage of every low-income program I could (as I was taught.) It got me through college, I have considerable loans I am working on public forgiveness for, and I was able to survive. And for awhile, as low-income students do, I was on food stamps. I also dumpster dived a good deal and went to the Food Bank for food once a month. Then I cut out the middle-man and opened a food bank at my college. + +BUT when I finished my MA I impulsively moved in with my ex and we ran off to Vancouver, CA - I had a breaking point. I am not sure what did it (it might've been I found out the 5k I sent to pay back my Mom for a car repair was pocketed by my Dad. For three years she was mad I didn't pay her back!!! I'm still angry as hell at him.) + +I realized when I had been begging my parents for money since we couldn't cover the bills and suddenly I was like NO MORE. NO MORE asking for money! I AM AN ADULT! I WILL TAKE CARE OF THIS!!!!!! So since that day I've never asked my parent, a friend, or anyone for money and I've prospered to some degree. Even when I had to live on two cans of ravioli and a pack of Dollar General cookies - I kept it together, paid my bills, went to work, and pushed hard to work my way up the ladder. I still have problems - but I've been pushing myself to act like a middle-class person and be more aggressive about my self-interest and my rights. I was taught to be passive, slip behind the scenes, and fade into the background; when I really was a performer and a fighter. And all of this was possible by getting a proper medical diagnosis and being put through the trial and error process of finding the right meds to curb my worst bipolar behaviors and to be self-aware of everything. Because everything has a source and everything has a pattern of organization before it dissolves into chaos. I just have to watch and wait for it. +The harsh truth is, the Fed is tightening its monetary policies and they're going to be raising interest rates very soon. The inflation rate is now too much to ignore as the people realize that their buying power is deteriorating faster and faster with little being done about it. As money is harder to get with the Fed reducing its balance sheet, there will be less money to invest into Crypto and the market. + +# The Crash Has Already Started + +When the Fed announced it was going to be raising interest rates, I warned about a market crash in a post I made just 10 days ago. Unfortunately, the crash I was talking about has already started as the stock market has started going down very intensely. + +[Nasdaq Index Falling](https://preview.redd.it/c1prsr60x0d81.png?width=843&format=png&auto=webp&s=0b0b9fcffc58081d9477139f54bf4334b97e94c3) + +The pace at which the stock market is going down can very likely cause a situation like we've seen in 2008. This is going to cause panic and sell offs among people. We can already see people cashing out their stock market gains due to recent price action. + +# Surging Inflation and Market Crash + +If we see the history, every time there was high inflation, the Fed artificially triggered a market crash by aggressively increasing interest rates. + +[Inflation and Interest rate correlation](https://preview.redd.it/wd2srkb9x0d81.png?width=982&format=png&auto=webp&s=628ff4587a8298793996352607cec9b84c928f16) + +This rise in interest rate and the planned decrease of the Fed's balance sheet is going to have a severe impact on the market as people start borrowing less, spending less and investments into all assets start to dwindle. + +# Biden Approval Rating + +[Approval Ratings Fall Sharply Due To Inflation Concerns](https://preview.redd.it/tbvvccadx0d81.png?width=1281&format=png&auto=webp&s=e10b55e73781fccb335a8fb7f7203a709023a84b) + +With more and more inflation, people are losing trust in the Government and the approval rating is going down. The main reason behind this huge fall in approval rating is inflation, and the government needs to tackle inflation if they want to keep their approval rating from falling even lower as the public takes notice of their bills. The approval rating is a sign that the government needs to tackle inflation if it wants to keep public support. + +# The Sell-off and the Opportunity + +With the market crash ahead being very likely, people are taking their money out faster and faster. The Fed is no longer giving them free money very soon. The amount of people that are buying assets very low considering the current situation, and it is likely going to start going down as the interest rates are yet to be increased, which is when we will see the peak effects of the upcoming crash. + +However, when crashes are at their peak, they leave most assets EXTREMELY undervalued. These are the times when you want to dump money into things like Crypto, which can rise extremely fast during a bullish market. + +# Crypto's Correspondence With the Stock Market + +The Cryptocurrency market is strongly correlated with the stock market, especially after more and more institutions have started to invest in Crypto. The Crypto market WILL react if there is a downtrend in the general economy. That is basically the reason we saw another dip in Crypto's prices today. + +**TLDR**: The Fed will be tightening its monetary policies due to inflation and the stock market has started to crash. With the stock market starting to go down, we're already seeing the Crypto market react today, and unfortunately if the general market continues to dip, so will Crypto. +TITAN's crash was really absurd, I personally haven't seen anything this extreme yet. It crashed almost 100% in a few hours and now sits at 0.00000005% of its ATH. That's something. I've seen many people in the past two days ask stuff like: "sure, it won't recover from that. But what if I just invest like $10, if it goes back to even just one cent, a tiny fraction of the ATH, that would be a ton of money!" + +And yes, it absolutely would be! And that alone should be enough to tell you that it can't be this easy. The thing is: because of how that whole network works, a lot of TITAN was printed when it crashed. + +10 days ago, the circulating supply was 116 million. Now it's 34 **trillion**, or 34,000 billion, or 34,000,000 million. Yeah, that's a lot. So let's consider the market cap, which is: + +**Market Cap = Circulating Supply X Coin Price** + +A coin price of 1 cent would mean a market cap of 344 billion, putting it on the #2 spot, higher than ETH. At 2 cents it would get close to BTC, at 5 cents its market cap would be higher than all other crypto combined. + +On iron.finance, the creators of the coin state "WARNING: Please don't buy TITAN or IRON.". Listen to them. This coin doesn't have a chance to go up again and as always, coin price is a bad indicator, even if it used to be higher. +I am absolutely new in Economics (I have just started studying Economics for the first time in my life). I was looking about Economics on Wikipedia and I found this thing called Praxeology and Austrian School of Economics. I found that they reject mainstream economics and the mathematical approach to social sciences completely and opt for more qualitative approach to Economics. I procrastinate a lot on YouTube (which is mostly filled by right wing pro-capitalist gamers) and from there I heard that Austrian School of Economics is the most successful school of Economics and that mainstream Economics have failed multiple times, especially in 2008 crisis, thus showing that Austrian School is the best approach as they apparently predicted the crisis while mathematical models have failed to predict or do anything so far. I saw the Wikipedia (and Quora as well) and also found multiple criticisms of mathematical approach to Economics (which is usually taught in colleges as far as I know from my friends who have studied Economics in college). + +So, my question is - are all the above assertions true? Have mainstream Economics and its extremely Mathematical and Statistical approach failed? If so, why do Universities still teach such mathy Economics? Is Austrian School and its qualitative approach really much better at economic models and predicting things? + +Note: I have read Rule V and no, in case you think this is a debate, this isn't a debate as I do not have much knowledge in Economics. Mine is a question not a debate. +What's your story? how do you manage your portfolio? + +i am planning going 100% SPHD or something similar monthly paying dividend and go from there. I have a sample portfolio from last year where I bought 10000 shares of SPHD for 33$ and its paying 18k per year of dividends. That portfolio is now work 391k with just the gains alone. + +I hope im not going the wrong route if I plan to go this way. +I know for a lot of people this is a given but I work an hourly job and I am still surprised by some of the snap judgements that I hear. There are always a handful of people who are trying to get work as much as they can, they will make themselves as available as possible and try and cover shifts for other people as much as possible. They often aren’t shy about how they need money and might not be in the best place at the time. + +What shocks me is when they aren’t able to take a shift I’ll hear chatter about how “they must not actually need money that much” or “they have their nails done/are drinking Starbucks/etc. so obviously their financial situation isn’t that bad.” + +What people don’t always realize is maybe this person hasn’t had a weekend day off in months. Maybe this person has a significant milestone that day. Maybe this person was given a Starbucks gift card and couldn’t sell it. Maybe their nails are always done because that’s the once a month get together they have with their mom and she pays for it. + +I get where the skepticism comes from but it’s always important to remember things aren’t what they seem, and people deserve to have days reserved to be off no matter what their financial situation is. You never know the backstory to everything so be kind. Assuming the worst doesn’t help anyone in these situations. + +I’m sorry if this is redundant to you. I just needed to get this off my chest and I hope that it may help somebody out there. +Hey guys + +I was chatting to my friends recently about taking a government job. Tl;dr - they said it would be a horrible move due to the income ceiling ($250k vs $1m+ in my current profession). + +No one in my friendship group agreed with me (rip) but here is what I think: + +* My friends and I are currently earning $100-120k (incl. super). For people in their mid to late twenties, this is a good amount. If my friends and I were to stick with our jobs, there is potential to earn $170k (incl. super) by the time we're 30. $250k by the time we're late thirties to early forties. Again, these are high wages. +* But then I take a look at the lifestyle my friends are leading. 60-80 hour weeks (minimum 50 hour weeks) mean my friends want to live 15-20 minutes away from the CBD max. That's very reasonable - but rental prices in Sydney CBD are high. +* Most of my friends want to buy property. Again, they want somewhere close to where they work. They also don't want a "middle class suburb" as that doesn't suit their "identity". A one bedder in Bondi Junction goes for $1m+. Same for Darlinghurst, Neutral Bay etc. +* Not having enough time also means my friends eat lots of takeaway/uber eats and/or use meal kits. They use Airtasker as well to hire domestic help and use dry cleaners instead of doing the washing/ironing themselves. Things like that. +* Further, not having enough time means no consistent hobby. Maybe the occasional run or weights session during lunch. Maybe some "cycle in the dark" classes. Most of my friends seem to enjoy drinking more than anything. + +I love my friends. They are very intelligent people - at least when you look at their academic achievements and professional accomplishments. But is it just me or is it...not worth it? + +I see it like this. E.g. I earn $75k a year and Bob earns $100k. For me, in order to make the additional $25k worth it, the extra time earning it needs to be *less* than the time I have to enjoy it. To me, there is little to no point to earning a high salary if you are then using the extra money to buy yourself convenience (i.e. more time) - and that convenience arguably costs more than what you additionally earn (e.g. house prices - you end up paying almost double in apartment prices if you buy in the CBD vs somewhere that's 30-40 minutes out). + +That is not to mention that quality of products doesn't accelerate at the same speed as price. E.g. a $100 fine dining meal will taste better than a $50 meal, sure, but it wouldn't necessarily taste *twice* as good. + +I asked my friends how much they were saving and most of them admitted it was very little. Some said none at all. They said the "experience" made it worth it and talked of potential earnings but in the meantime are just living it up. You might say "oh that's mid to late 20 adults for you" but I see so many more senior staff do the same. Even Partners who, in their late 40s to 50s, own multimillion properties but they can't stop working due to the mortgage. They wear Gucci and tailored suits and what not but how much happiness is there to gain from these materialistic goods? + +I don't know if my reasoning is sound and I hope some of you guys can give your thoughts. I myself grew up poor - I have been on government aid from age 18 until my first full time job. My friends think I'm thrifty and care about money too much but I personally think high savings and secure investing is the way to go. I have a nagging suspicion that, even if I were to max out at $200k a year and my friends go all the way up to $1m (again, its not a given they do), I would be richer in the long run if I play my cards right in the next few decades. Not to mention I'll be healthier and happier. + +Thoughts? Have I grown complacent or am I right? +Of course the flagship theta strategy is the wheel, and many delve into the PCS as well.. But i never see talk of our forgotten pal the Iron Condor, TWO credit spreads all wrapped up in one nice order. Also the adjustability is much better since you can roll the untested legs if it starts to move against you. Thoughts? +Hi + +I am very new to investing and have a question. + +I have made 850 bad trades over the past 6 months, and lost in total -4k day trading and wondering if I still have to pay tax? If so, how much? + +Some trades were profitable but lost a lot more than I made. + +Invested mainly in indicies.(CFDs) + +Thanks +After multiple questions on this subreddit, hours and hours of YouTube videos, talking with people much more experienced than I, reading articles and posts on here from others, I closed on my first home purchase, 3 unit property, yesterday. It’s a ton of information. Not really sure what I’m doing but I’ll figure it out. 22 years young, can’t wait to see where I end up. +Hi everyone, + +I see a lot of posts here, asking for ticker recommendations for selling puts / wheeling. Hence, I decided to share my current watchlist with you all. + +You can access the google sheet link here: + +[https://docs.google.com/spreadsheets/d/1e8t0qxhj22Ir7KKsE8mCuk9QKiepGLHqMYIjCs0qesQ/edit?usp=sharing](https://docs.google.com/spreadsheets/d/1e8t0qxhj22Ir7KKsE8mCuk9QKiepGLHqMYIjCs0qesQ/edit?usp=sharing) + +Many of these stocks are usual suspects, but some of you may find some new names here. + +Before opening any new trade, I scan my watchlist for favorable order entry parameters (e.g. IV up, IV rank high, current stock price etc.). I don't trade in stocks outside my watchlist. + +If this list is helpful, I can keep the link active. I will keep updating this list regularly and adding / deleting new tickers. I have at least 50 more tickers as a 2nd list which I'm currently evaluating. + +I have been trading since March and have made $16k+ so far. I shared my results in an earlier post: [https://www.reddit.com/r/thetagang/comments/hj6khy/slow\_and\_steady\_wins\_the\_race/](https://www.reddit.com/r/thetagang/comments/hj6khy/slow_and_steady_wins_the_race/) + +Needless to say: Pls do your own research before trading. I'm sharing this only for information. + +Good luck! +Long story short some life events happened where today I am sitting on $2 million and I became financially independent overnight. I am in my mid-30s. Half of it is in cash and the other half is "invested": Betterment, Wealthfront, a Vanguard money market account, and some t-bills. No debt... house and two cars are fully paid for. + +&#x200B; + +I've lurked long enough to know most people will tell me to put it in to VTSAX and forget about it, but I am not sure that's enough. Most of what I have read here is for people on the journey towards FIRE. I'm already there (very quickly) with a bunch of cash and investments all over the place. The market has been rocky the last few months and each time it's gone down I invested some of my cash to catch some discounts. Most recently was a few weeks ago when stocks fell 5%. + +&#x200B; + +I feel like I should get out of robo-advisers entirely and throw all the money into Vanguard funds. I was thinking of this portfolio: + +&#x200B; + +&#x200B; + +|VTSAX|60%| +|:-|:-| +|VWELX|10%| +|VBLTX|15%| +|VUSTX|15%| + +&#x200B; + +Simulations on [portfoliovisualizer.com](https://portfoliovisualizer.com) seem to look good on this... but shouldn't I hold some international? What I like about this is it grows with the S&P500 but isn't as volatile. I could dump VWELX and buy more VTSAX, too. + +&#x200B; + +Also, what about market timing? I know that lump-sum is statistically a better option than trying to time the market, but we've been in a bull run for quite some time. I think recent volatility shows that some investors are skittish and are pulling out for fear and each time they do I can buy at a discount. Maybe I can DCA a fixed amount each month and throw more in each time the market falls. Thoughts? + +&#x200B; + +Lastly, the FIRE part... what's a good strategy on living off this money? 3% rule puts me at $60K. If I pull this out Vanguard funds won't I owe taxes? About how much is estimated? I can't really find a clear answer but it's be nice to know if I can spend the full $60K or if I have to send $10K to Uncle Sam. + +&#x200B; +DogeBonk is a completely unruggable, spontaneously formed community token with the most potential to go viral of any meme coin since Shiba. + +Since DogeCoin exploded earlier this year there have been thousands of dog coins most of them scams, false promises and poor ripoffs with devs sole purpose being to make as much money from their holders as possible. Every day another team launches their coin trying to piggyback off the success of others, offering false promises of NFT marketplaces, metaverse worlds and whatever else is the newest trending hashtag on Twitter. These coins have forgotten that what makes you a meme coin is how good your memes are. + +​ + +DogeBonk is different. The DogeBonk community spontaneously formed just two weeks ago on a dead dog token someone found with locked liquidity, renounced contract and SafeMoon tokenomics. We have grown from <300 holders two weeks ago to over 4000 today. We have no false road maps promising the world, we just spread our hilarious meme and convince others to join us as we bonk everything. + +The memes and energy coming from this community is crazy. Just search DogeBonk on the search bar on Twitter and you’ll see what I mean. Once you see the quality of these memes you will see how DogeBonk has huge potential to go viral. DogeBonk is the most memeable project in the crypto space since Doge. + +Despite our lack of false promises, the team and community is still delivering: + +bonkSWAP launched, making it super easy for even non-crypto natives to purchase $dobo from fiat - [www.bonkswap.com](https://www.bonkswap.com/) + +​ + +# Is DogeBonk safe? + +* Liquidity was locked forever by burning all LP tokens 🔥 +* Ownership of the contract was renounced. +* See proof on our website. +* Contract is a 1:1 copy of SafeMoon which was audited by Certik. +* Top holder owns only 1.9% of the supply. +* As microcap gems go, it’s an unruggable beauty. + +# Tokenomics + +* 10% tax on all transactions: +* 5% are distributed to fellow DOBO holders, +* 5% are added to liquidity to create an ever rising price floor. +* \-> token with deflationary properties and automatic yield generation. (Burn wallet is receiving \~1% of all transactions FORTY% burned so far) +* There was no presale and to prevent bots from sniping the token, you can only buy/sell 0.5% of the total supply at the time 🎯 + +# Info + +Telegram: [https://t.me/dogebonk\_community](https://t.me/dogebonk_community) + +Website: [https://dogebonk.com](https://dogebonk.com/) 🌐 + +Buy on bonkswap: [www.bonkswap.com](https://www.bonkswap.com/) + +Contract: 0xae2df9f730c54400934c06a17462c41c08a06ed8 📝 + +Buy on PancakeSwap: [https://pancakeswap.finance/swap?outputCurrency=0xae2df9f730c54400934c06a17462c41c08a06ed8](https://pancakeswap.finance/swap?outputCurrency=0xae2df9f730c54400934c06a17462c41c08a06ed8) 🍰 + +How to buy: [https://dogebonk.com/#howtobuy](https://dogebonk.com/#howtobuy) 📖 +I'm renting a house in South County, Rhode Island and we just got our first oil delivery. They're charging us at least $0.50 more per gallon than the market price right now. They're doing this because my roommate and I are college students and this is our first time renting. How should I approach this? It was a 130 gallon delivery too because the tank hadn't been filled all summer. + +Edit: We couldn't chose our oil company. The property management company told us we couldn't move in until we set up an account with this specific company. + +Edit edit: Wow I get back from work/school to this. Thank you so much for the input! Anyway, it's too late now for this, but it says in our lease that we must only have oil delivered by this one company and we must have auto delivery. This is strange since my landlord has a separate person who maintains the heating system in the house. In other words, the oil company just delivers the oil and doesn't perform service or anything. Anyway, I called some other local companies and the most expensive price/gallon I got was about $2.45. I plan on talking to some of the off campus administration people at my university about this to see what they say, mainly because I'm avoiding studying for this signals and systems midterm. Once again, thank you all so much! + + +Last edit: **I am not comparing the price I was charged to the literal cost of a gallon of oil, I am comparing it to what other companies in the area are currently charging. Thank you to the 8 million of you who said the company needs to profit; I had no idea how Capatilism works.** +[https://finance.yahoo.com/news/worst-stocks-are-doing-the-best-morning-brief-110238013.html?.tsrc=fin-notif](https://finance.yahoo.com/news/worst-stocks-are-doing-the-best-morning-brief-110238013.html?.tsrc=fin-notif) + +Any thoughts on this? The article states what I'm feeling for quite a while now. As an example, AstraZeneca published a doubling of their 2020 profit, meanwhile the stock's average declines and it hardly moves on the news, as if real profit doesn't matter any more. (I have no stake in AstraZeneca) +I hear this argument a lot with regards to algo-trading. To me it always sounds a lot like conspiracy theories: The belief that there are powerful organisations out there who seem to have vast knowledge and resources unlike anyone else. I am not denying that there might be organisations that have access to resources that others don't - financially, data etc., particularly in the area of low-latency trading. As long as you don't have access to the order book you just remain a 2nd (if not 3rd) class citizen. + +But what I remain skeptical about is the idea that some of them are so much more advanced than the rest of the world that they can perform basically miracles. I have talked to some guys in a startup who developed the probably most sophisticated model based on whatever physics I had never seen before. Having a CS background and quite a bit of knowledge on data science as well, I was only able to grasp the fundamentals of their models. They miserably failed convincing any investment bank in the world buying into it - exactly because the investment guys did not believe into such advanced models. + +Any opinions? +This would honestly help a lot of people, even the educated. I have an aunt who lost upwards of one lakh rupees because she fell for a stupid scam which had so many red flags that she failed to see. And she has a masters degree. I feel like we really need a proper system that teaches us the basics to not do something dumb with money. +On the left, some people, [including on Reddit](https://np.reddit.com/r/changemyview/comments/cxbbgi/cmv_many_proequality_gestures_and_events_are/eykf041/?context=3), claim that Venezuela's economic woes are the result of boycotts, embargoes, sanctions and political destabilization inflicted on them by the USA and its allies. + +On the right, some people claim that the negative [economic effects of Brexit](https://en.wikipedia.org/wiki/Economic_effects_of_Brexit) are due to the EU "inflicting as much pain as possible on the UK to make them regret their vote to leave the EU". One of my coworkers shares this view after visiting the UK. +It is odd. A lot of printing of money to buy assets was done without really knowing what would happen and now, rather than wondering if we are learning the outcome of a lot of unprecedented monetary policy, the Fed and observing economists seem to be unwilling to accept that the QE and monetary expansion led to inflation, even though *we knew in both 2008 and 2020 that expanding the fed balance sheet by, in effect, printing money, might lead to inflation* + +It seems like rather than trying to over analyze the inflation problem, this might be an Occam’s razor situation. Or am I completely off base? +For the last year, my husband has been trying his hand investing. He started off with currency trading and lost his first $8k there. Then, he withdrew all his shares from various stocks to try his hand at investing through Tasty Works platform. He lost All his money there. After having a discussion, he agreed to put the rest of our savings in a mutual fund but went behind my back and instead withdrew $22K from his IRA. On Friday, he made another bad trade and lost everything he had in his IRA and told me that we now owe 10% to the bank for early withdrawal of his IRA. I am past the point of being furious and now looking to see what our options are. Is there any way to at least get the 10% early withdrawal fee waived? +On Tuesday, I sold $14.50 covered calls on AMC, 5 contracts against my 500 shares position (with a cost basis of 12.29). Why? AMC had been wheeling nicely, I actually got the 500 shares from an assignment 5 contracts 13P for .71 credit each. Welp, they went 10x+. + +Anyways, here's the P&L: Yes, I know... shares would've been +9k in 3 days if I just held. Still had a green week, but a missed opportunity. Only hindsight is 20/20. + +Edit: This was my first time selling CCs, I just joined theta gang. + +https://preview.redd.it/2xoox68oo5271.png?width=1361&format=png&auto=webp&s=98f3c51aada15da6bd1a127d686cf9d1bde72ec6 +As the title states I'm getting really unhappy at my current job. I don't have any debt minus my car note (have about $12,000 left which I intend to pay off in 24 months). My monthly expenses come out to about \~$1100 with rent/bills. I'm in a position where my job is draining the life out of me and I'm losing the energy and charisma I used to have. I do intend on speaking with a financial advisor but I would greatly appreciate any help because I'm honestly afraid of slowly becoming too depressed and unmotivated to do anything about it. I also can't deal with interest due to religious constraints so unfortunately I understand that it limits my options somewhat. I truly appreciate any advice that anyone can offer. I'm just in a position in my life where I want to make a change to be happy once more. Thank you everyone. +Some background reading: [Detailed](https://www.reddit.com/r/Superstonk/comments/o0kt0y/the_fed_value_of_money_and_emergency_relief/) & [Simplified](https://www.reddit.com/r/Superstonk/comments/o1y03k/wtf_is_the_fed_doing/) + +As we all know, usage of the ON RRP Facility just jumped up over $200B, setting a new record at $755.8 billion from now 68 counterparties. Why? + +Well, during the FOMC meetings, the Fed announced a few things around QE that are circulating through MSM, freaking everyone out about there being 'too much money' and risks of inflation - but a key change that isn't getting as much attention is their decision to raise the IOR and ON RRP rate 5 basis points (.05%), effectively trying to raise the 'floor' of the FFR. (If this doesn't make sense to you, please read [this](https://www.reddit.com/r/Superstonk/comments/o1y03k/wtf_is_the_fed_doing/) explanation) + +Long story short, the Fed is now incentivizing more usage of the facility in its efforts to raise the interest rates away from negative territory, by offering to pay counterparties 5 basis points instead of 0 to park cash every night. This seems counterintuitive right, since continued QE is pumping cash into the system, and now the Fed is paying to take it back out at the end of each day - but it actually makes sense when you look at the affect it has (or should have) on short-term interest rates in the open market. + +While the ON RRP rate was still 0, we could all assume that the 'too much money' narrative was in fact the issue. However, something interesting happened to short-term T-bill yields yesterday when the ON RRP rate was lifted: + +[short-term yields went the WRONG DIRECTION](https://preview.redd.it/vntx5gfvmz571.png?width=705&format=png&auto=webp&s=bf2eb085ecc96b9033458c15ef7c35fe25e29c00) + +What does this mean? Well, the goal was to start easing yields back up from near-zero or potentially negative levels by lifting the 'floor' of the ON RRP. If the issue was **purely** due to too much money being in the system, it would've worked. Banks, MMFs, GSEs, etc. would take the 5 basis points from the Fed and not bother parking their excess cash elsewhere for less interest. + +So the reverse repo is now at 5, yet bill yields at the 4-, 8-, and 3-month maturities are **all less than this**. Why? It can only mean this one thing, there is a stark and very dire need for high-quality collateral, otherwise nothing would ever yield below this secured alternative with the Federal Reserve. Who would buy a 4- or 8-week UST bill returning one and a half maybe two basis points less than lending to the Fed secured by the same instrument? They're giving up guaranteed profit + +This all points to the true underlying issue that we collectively have been yelling about here - **there is a MAJOR collateral liquidity issue in the money markets. I WONDER WHY....** + +&#x200B; + +edit: + +# TL;DR + +The Fed just inadvertently showed us that the liquidity issue around ON RRP usage isn't 'too much cash' - it's **too little collateral.** + +from u/scamiran: + +There's plenty of liquidity in the market. + +Solvency? Not so much. But everyone wants to pretend that if there is sufficient liquidity, there must be solvency. + +That's how you get zombie banks and stagflation. + +e2: if anyone wants to further learn about this stuff, I highly recommend looking into Jeff Snider as a great place to start - his research into this is the basis of this whole post [https://alhambrapartners.com/author/jsnider/](https://alhambrapartners.com/author/jsnider/) or [**Alhambra Investments**](https://www.youtube.com/channel/UCp8Xi-sPTL9VyZpHTPfLA-g) + +&#x200B; +Staking is a phenomenal way for the average person to make money. By staking you are 1. Contributing to something bigger then you and most importantly 2. You will make as much as if you were invested in an ETF in the stock market. Yes the price of the coin can go down which is a notable risk factor. However, staking the right coin is a very great opportunity which everyone should at least look into. + +Edit: Made a new post explaining staking simply. Go into my profile to find it :) +I was thinking this morning about habits I developed a bit later than I should have, even when I knew I should have been doing them. These are a few things I thought I'd share and interested if others who are out of their 20s now have anything additional to add. + +Edit 1: This is not a everyone must follow this list, but rather one philosophy and how I look back on things. + +Edit 2: I had NO idea this musing would blow up like this. I'm at work now but will do my best to respond to all the questions/comments I can later today. + + +1. Take full advantage of 401K match. When I first started my career I didn't always do this. I wasn't making a lot of money and prioritized fun over free money. Honestly I could have had just as much fun and made some better financial choices elsewhere, like not leasing a car. +2. Invest in a Roth IRA. Once I did start putting money into a 401K I was often going past the match amount and not funding a Roth instead. If I could go back that's what I'd do. I'm not in a place where I max out my 401K and my with and I both max out Roth IRAs. +3. Don't get new cars. I was originally going to say don't lease as that's what I did but a better rule is no new cars. One exception here is if you are fully funding your retirement and just make a boatload of money and choose to treat yourself in this way go for it. I still think it's better to get a 2 year old car than a new one even then but I'll try not to get too preachy. +4. Buy cars you can afford with cash. I've decided that for me I now buy cars cash and don't finance them, but I understand why some people prefer to take out very low interest loans on cars. If you are going to take a loan make sure you have the full amount in cash and invest it at a higher rate of return, if it's just sitting in a bank account you are losing money. We've been conditioned for years that we all deserve shiny new things. We don't deserve them these are wants not needs. + + + +Those are my big ones. I was good with a lot of other stuff. I've never carried a balance on a credit card. I always paid my bills on time. I had an emergency fund saved up quite early in my career. The items above are where I look back and see easy room for improvement that now at 37 would have paid off quite well for me with little to no real impact on my lifestyle back then aside from driving around less fancy cars. +Honestly, and I think EVERYONE needs to hear this if they are having any SLIVER of doubts. From the beginning we had the main pieces of the puzzle from DD when we caught these assholes with their pants down. Yes at first its just HF and banks. REGARDLESS, we still had the math and caught them with it. Today, that math still stands and we know for 100% that there is NO possible way that they have covered. + +&#x200B; + +Amplification data: If you think that banks, government, DTCC, rich, and powerful people who had their hands in this manipulation are suddenly on our side, YOU ARE WRONG. What you should be thinking and knowing is that they are all in this pot together. You should know by now that power helps power to keep their power. If the small man/woman gains power, then their infinite generational wealth ends. + +&#x200B; + +This being said, all of these opinions and random docs and this and that are just speculation at this point. They will exercise literally any means necessary to not have this happen. The thing about this is, they cant stop it from happening as long as we buy and hold. If they made market changes or gave them a pass or this and that, then the entire market would lose all faith and structure and crash. At this point, all peoples would suffer. + +&#x200B; + +What I am sure is happening now is a fight between the rich and powerful to determine who takes the fall for this and loses their position. In all honesty and with years and years in the market its almost obvious. No one wants to take the fall and lose their status, so the DTC starts spam rulings to save their ass, banks are doing what they can do to the same, each member trying to save their own ass. This is apparent. + +&#x200B; + +As for GME moves and NFT and cryptic messages etc... just let them do their thing man. We literally have the math, the squeeze hasnt been sqouze, and Gamestop is literally just giving out hints, NFT (which is a catalyst in itself), and pivoting (without breaking legal rules) to make sure we know that we are in a war and to hold the line. We showed up for our childhood/teenhood/adulthood past time and saved them, and now they are making sure that they save us. All we have to do is hold. Power to the Players. + +&#x200B; + +Edit 1: Please share. I am sure a lot of apes need some reassurance and a pick me up. + +Edit 2: for clarification: the term "we" used in this post is in reference to every individual holding the stock. It is not a reference to a structured group or anything of the sort. +Newbie here looking for help. + +I am going through a divorce with a frustrating hidden assets case. + +If my partner had ~$3k in dividends last year from one broker that was not disclosed, what range could one expect the minimum value to be? +Our tax 1040 form (US) shows only the dividends but I am at a loss and thought you all may have some insight. + +Thanks in advance! +As a business you have to think your audience, GameStop has more gamers than stock holders. All RC has been doing has been just making a solid, awesome game/gaming related company with New and better upper management, no debt, and brighter future, also better customer service. + +I think RC will let this play out organically like how Elon let his company get better and bigger to drive out shorts. MOASS will happen. I am ready to hodl in CS forever and RC knows apes will hodl thats why there is no rush for MOASS. + +Again, THERE IS NO RUSH FOR MOASS ON GAMESTOPS SIDE, BUT IT WILL HAPPEN EVENTUALLY. BUY DRS HODL. +**Question:** How many of the upcoming July 16 options expiring this Friday are worthless deep OTM puts used to kick cans down the road? + +**Answer:** At least **302k options**, capable of hiding up to **30.2M shares** are coming due this Friday, July 16th. + +Let's walk through the analysis and show off some Google Sheets spreadsheet magic. + +In order to answer the question, we need to (a) determine that an option opened up is worthless, which means we also need to know (b) when options were opened to know the *delta* for those options. + +**Why** ***delta?*** Delta is an option greek that represents the change in price of an option based on a change in price of the underlying stock. ([Grow a wrinkle here](https://www.investopedia.com/terms/g/greeks.asp).) If delta is close to 1, that means when the underlying price of GME moves by $1 then the price of the option moves by about $1. On the other end of the spectrum, if delta is close to 0, then that means when the underlying price of GME moves by $1, the price of the option doesn't move. If the option price isn't moving with the stock, it's probably not very valuable. + +**Delta <= 0.01.** I'm setting the threshold criteria for |delta| <= 0.01 to determine an option is worthless. Basically, if the price of GME moves by $1, the option price moves by less than a penny (if at all). As there's no reasonable reason to trade these near-zero delta options, it stands to reason that all of them are being used for nefarious can kicking purposes. (FWIW, using bigger values of delta didn't really add too much to the count so I'm running with the penny threshold. You can see the other delta calculations in my Google Sheet.) + +Making use of my trusty $21 data set for all of GME option history for 2021 up to June 30, I filtered out all of the puts expiring July 16th. (Why puts? Because SuperStonk has been discussing using *married puts* to hide short interest or straight up naked short shares. For more background, see my previous post: [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/).) + +Loaded those July 16th puts into Google Sheets [here](https://docs.google.com/spreadsheets/d/12U7I2bMKZ3nYchNsCZGsl8fYlj8PhMVAvFYhXiWjWYQ/edit#gid=2112568586) and then worked some Sheets magic. Basically, I calculated the daily change in each option's Open Interest for all of the puts expiring this Friday, July 16th. Then, by adding up the change in Open Interest each day for options that have a |delta| <= 0.01, we find **302,464 Worthless Put Options** were opened up in 2021 up to June 30th. The really neat bit is we can see exactly which days those worthless puts were opened. Here's a chart: + +[Daily Open Interest Change for Worthless \(delta \< 0.01\) July 16 Puts](https://preview.redd.it/ujgxmw2gvna71.png?width=4242&format=png&auto=webp&s=f6669b9c1d4b01a9357d4ef4b14f17194cc84926) + +Notice an interesting date there? Jan 28 there's a gigantic spike. We also see spikes near other major options expirations in March and June. (See my other post [Peek-A-Boo! I Track You Kicked Cans!](https://www.reddit.com/r/Superstonk/comments/of1zn4/peekaboo_i_track_you_kicked_cans/) if you want to follow up on those.) + +**tl;dr:** This chart shows *exactly* when SHFs were opening up worthless July 16th Puts that line up with the original GME squeeze in January. SHFs have been kicking these cans down the road ever since and *at least* 302k married puts are coming due this Friday, July 16th. Those 302k puts are equivalent to **30.2M shares,** which is a pretty big deal as that is more than the free tradable float coming due. Also, considering this is *just one approach* Kenny's been using to kick cans down the road, we're looking at interesting times coming with a few possible catalysts happening soon. + +One last thing: keep in mind this analysis finds *at least* 30.2M shares from these 302k married puts that are worthless. u/NatesAnApe posted a few days ago in [This should be all the confirmation bias you need to set your phone down and relax on this fine Wednesday afternoon. HODL tight apes 💎🤲🏼🚀](https://www.reddit.com/r/Superstonk/comments/ofmqeo/this_should_be_all_the_confirmation_bias_you_need/) that up to 42.9M shares may be coming due (if you assume *all* 429k expiring OTM options are hiding shares to get an upper bound). + +EDITS: + +\- Fix typo. credit u/Sufficient-Bowler741 & u/Froggy__2 +I’d like to be a little open about all my finances for a second. I’m hoping maybe I can gain some different perspectives from you guys on r/personalfinance and choices/paths I can maybe take. + +I’m currently 24, graduated with a BFA about 2 years ago and now I am currently in a toxic salary paying job and feel seriously stuck and moderately depressed about my life. By stuck, I mean I feel like my financial situation is significantly preventing me from taking risks, or switching careers, or pursuing my career in a different state. + + +My salary is 61k/year. +Which comes to about 3,550/month after taxes. + +I am contributing around 5-6% to my 401(k) and the company matches 100% up to 4%. + + +For monthly bills, I’ve got: + +Mortgage: 1358.00. +HOA: 170.00. +Water: 33.00. +Electric/heat: 130.00. +Internet: 65.00. +Cellphone: 70.00. +Car loan: 274.00. +Car insurance 190.00. +Car gas: 70.00. +Counseling 250.00. +Student loan minimum payment: 400.00. +Parent plus loan: 500.00. +Groceries: 250.00. + +Totals to: 3760.00 + + +Obviously I’m negative each month, but I am a 3D artist so I usually pick up some side projects to keep me a float. + + +I guess I’m frustrated because I feel like I am always working, day and night and at the end of the month I have absolutely no money left. I’ve gone into a deep depression because I haven’t been doing anything fun in my world because I’ve been working my butt off to pay bills off each month. + +I went into 3D because I was passionate about it and really wanted to make a career out of it, hopefully to make a decent amount of money where I had a little freedom to save up for stuff. But after getting out of college I’ve come to realization of how savage the industry is and how it would be impossible for me to take a junior/mid level position in the states where most of the jobs are posted. (California or Vancouver) + +Happy to answer any additional questions, + +Greatly appreciate any response! + + +edit: Wow, I did not expect this to blow up... I have to go to work right now but I will make sure I read everything and respond when I can. + + + + +Dotcom bubble was one of the most harshest crashes I can think of and also it took several years to recover from it. + +So considering these if... if the market crashes like dotcom bubble and fortunately you are 100% cash, what would you buy the most? +I have managed to flip $100 account from Monday until a few hours ago. But it only took 1 trade to wipe me out. + +And the only reason? + +GREED. + +LESSON LEARNED THE HARD WAY. + +HAPPY TRADING EVERYONE! ☺️ + +P.S. + +It hurts but I know if I can do it once, I can do it again. +$80 Million Dollars to short the stock this week. + +This is the price of our resolve. + +There is no price too great for them to save their asses at this point. There is nobody they won't try to turn. + +TA doesn't matter + +DDs don't matter + +Drama Doesn't Matter + +Ignore the FUD + +Ignore the price + +Ignore the negativity + +We all know the most important fact, the only thing that matters. +The shorts haven't covered... + +Everything else is bullshit. +HODL the Line. +We've already won. + +- Gherkinit +🦍❤️ + +* Edit 1 : $80m in ITM or near the money puts bought at or near the ask. For those of you curious. +I found this package https://pypi.org/project/yfinance/ for python to get historical equity data from yahoo finance. + +It purports in its documentation to be able to fetch minute data for symbols, using a keyword argument called "interval" in its history method. It can do it for up to 7 day long periods. I tried it, and indeed got data that (superficially) seemed to arrive at one minute intervals. + +What's the catch here? I thought historical minute data was something that one can't really access without paying. Is the data provided crap? + +This is highandautistic’s partner of 7.5 years, and I wanted to post here because this community was so incredibly important to him. This past weekend he passed away in a tragic climbing accident (at the age of 35). I may not have the right words right now but I wanted to try and express my appreciation for this community. My partner has always been a dreamer, and GameStop gave him something big to dream about. He suffered from a very difficult bout of depression last year and it was this community that gave him something to truly hold onto. We would spend our nights watching videos about our dream houses, and we often fantasized about all of the adventures we wanted to go on in the future. He talked to me about his hopes that all of us apes could change the world together, he wanted to do so much good. + +My partner wanted to build low income housing communities where people struggling financially like us could get their bearings. He also fully and excitedly supported my dream of having an animal sanctuary. Most recently, he was brainstorming about a online community where people could find information about every politician and person in power worldwide, and who was financially backing them. He wanted to create a space where true transparency would be possible. + +I wanted to share some of him with all of you because he loved this community so much, and you gave us both something to look forward to in this life. He had all of our shares (our savings) directly registered under his name so I may never have access to them, but at least they may live forever in the infinity pool. + +My partner had a difficult time in life but he never ever let that dim his dreams or his love of life and adventure. He was pure and true and genuine and only wanted great things for this world. He often wore his GameStop hoodie and tshirt proudly, and he would walk around absolutely beaming. He also used his GameStop beer glass I had made for every celebratory beer he had. This weekend I will be repping GameStop in his shirt at his memorial. + +He was filled with so much passion and magic, and his smile was the most contagious one I have ever seen. You all brought him so much joy, so thank you for that. I lost the absolute love of my life but posting this has allowed me to feel close to him for a moment. I hope some of his spirit inspires you all. + +*edit* + +Wow. I’m at a loss for words (genuinely). You all have me crying and laughing and appreciating this community so much. I know that he would have loved this. I haven’t made it through all of the comments but you all have made my day a little bit brighter. This community is beautiful and I will be here reading and learning in his honour. + +I hope my loss makes you all appreciate your loved ones a little harder, and remember that tomorrow is never guaranteed. I took the time I had with my love for granted waiting for our future together, please remember to live in the present as well. + +As for all of the advice about CS I will definitely look into that when things are a little bit easier, thank you all ❤️ I am next of kin so it sounds as though I may be able to HODL in his honour. + Seems to me that this re branding and Metaverse hype is really just an attempt to drive attention away from the recent confirmation that FB is actually horrible for our societies. Trying to keep the stock buoyed while deflecting. I've never been a heavy user of FB, always found it creepy, but I bought the IPO and bough more when it dropped to the $20 level. Been holding since. Now, I'm thinking of selling. It's been a good run for FB but their user base isn't growing with younger people and frankly I'm not sure I want to be invested in a company that is so blatantly bad for humanity. FB is on the verge of becoming like Philip Morris and listening to Zuch today... (he's just so insincere & unlikable) it's clear that neither he or FB is interested in addressing the issues. Not to mention the Metaverse is 10y out. I'm disappointed in this company and to quote Kramer (ya, I know) re. the recent FB news “This time just feels different.” +Hi! + +So, me and my partner are finally starting to take investing seriously. We're still mostly saving and thankfully we are able to currently save a nice chunk of our income. We have agreed that 500€ a month is an amount that currently, and for the foreseeable future, we're able to invest with without compromising anything in our lifestyles, which are pretty simple, and while still saving in regular old savings accounts a decent percentage of our salaries for any eventuality and to have available at any time. + +Seeing that we're in Europe, what would be the best way to invest those 500€ wisely? + +I've been looking at DeGiro ETFs and reading a lot about them, but still am not sure if that is the best place for it, and if it is, how should we divide that monthly amount into several products (or is it not needed?) to optimize that money. + +We're in our early 30's if that matters. +Hello reddit, it’s hard to find friends who value investing like I do so I thought I share my achievement here. I had been investing for about 3 years and just as the market bottomed cause of Covid I ditched my ACB shares which caused me a huge loss and realized that I didn’t want to lose anymore money. I came across the Dividend investing strategy. My portfolio is so much more stable now and I like the feeling of getting paid more times throughout the year and then compounding as time goes on. But anyway here are some stocks I have in my portfolio. Let me know what you think and if you have any advice. This is a taxable account and I’m planning on opening an IRA soon to take advantage of a tax free growth. Next goal is 100 dollars a month !! + +T- biggest position +BUD +IRM +MPW +SPHD +O +KHC +KO +TSLA-lowest position +Three part question. Genuinely curious. + + +1. What's something you learned or realized after becoming a millionaire? +2. What's something you learned or realized after becoming a multi-millionaire? +3. What's one piece of advice you would give to someone working towards (1) and (2)? Doesn't have to be about how to get to million(s). Can be about work, relationships, health, life in general, etc. +My guess is Coinbase is running on fractional reserves and doesn't wanna lose out on it's governance rewards so they are artificially delaying withdrawals of ALGO. I don't know about you guys but after I get my ALGO's withdrawn I'm finding an alternative to CoinBase. They have officially lost my business which is a shame because I've used them since getting into crypto. + +They did this exact same thing before the 1st governance period in September and people lost out on signing up. This is no different than what Robinhood did with GME stock. It just shows that CEX's need regulation desperately and we're currently at the mercy of Coinbase assholes. + +There have also been other strange things between Coinbase and Algorand. For the longest time they had Algorand listed as an ERC-20 token. Additionally they commonly do not post updated/correct news for Algorand. A few days ago they listed Securitizes Tokenization of Down Jones Index Funds as happening on Ethereum instead of Algorand, since then they've taken it down from Ethereum but haven't posted it to Algorand news. + +This all smells a bit fishy. I have been having this feeling for a while that coinbase is deliberately trying to undermine Algorand. + +Does anyone know of a good alternative to Coinbase and Binance in the US? + +&#x200B; + +EDIT 1: They canceled my withdrawal after over 24 hours pending and said "Blockchain transaction was compensated". I'm wondering if I should try to withdraw again or convert to another coin and transfer off. + +EDIT 2: Tried withdrawing again and it canceled almost immediately and said the same thing "Blockchain transaction was compensated." I'm pretty sure they still took my .002 ALGO transaction fee though. CB is fucking us over royally. + +EDIT 3: Tried withdrawing once more, instant withdrawal cancel with same reason as before. I'm done trying to withdraw tonight. Will try again tomorrow in the AM and update the post. + +EDIT 4: I was finally able to withdraw my ALGO's today. Look's like Coinbase most likely saw this post and bought more ALGO. The amount of ALGO in Coinbase 2 doubled and magically withdrawals were reenabled. Which means this was 100% a liquidity issue, and not a technical issue. Thank you everyone for contributing, I'm proud to be a part of this community. The elites get scared when all us little guys work together, never forget how powerful we are when we work collectively. This is the exact reason why we are all here, so huge monolithic entities can't dictate and control our lives without any recourse. + +EDIT 5: MAKE COINBASE SQUIRM. Withdraw everything. Coinbase 1 is down to 351 ALGO and Coinbase 2 is down to <1 Million ALGO. Let's clean them out. Hopefully they will learn not to do this again. + +EDIT 6: I've been reading some people are still having problems withdrawing. +https://www.reuters.com/business/finance/uk-launches-taskforce-potential-bank-england-digital-currency-sunak-2021-04-19/ + +Thoughts on this announcement? Do we think that these kind of national currencies would make their way onto a platform like Coinbase or be separate from it? Obviously China pushing theirs quite heavily already. + + +So, I said I would write a post on this, here it is. +The title was partly to get you interested and partly a little cheeky throwback to the bad old days when u/plucky26 went off meds… + +Anyhow, this is a longish post about FA and TA so scroll to the TLDR if reading isn’t your thing, or ignore it. Or if you know more about it than me put a comment in… + + +FA: +FA attempts to measure the intrinsic/inherent value of a stonk. You can do this a lot of ways but what your working out is whether the SP represents under/over value or fair value. A lot goes into FA, but if you want a basic cheat sheet then here it is: +- What does the company do? + +- Who runs the company? + +- What direction are they heading? + +- Where have they come from? + +- How do they stack up against the competition? + +- What are the other economic/social/political factors that impact their future? + + +These are the 6 basic questions you need to answer when trying to arrive at a conclusion. So, how do we get answers? + + +Reading mutha fuckers, reading…… + + +You need to read and understand the product. That’s the answer to question 1. What do these fucks actually do, does anyone care, doe they make tendies? + + +The answer to question 2 is probably the most undervalued thing in FA IMHO. +People, more than products, leave a legacy they transport form place to place. DO NOT DISREGARD THIS STEP… + + +If old mate is about to get bent over by the Feds for embezzlement, or his wife’s BF has filed a claim against him for watching them through the window, or if he has bankrupted the last 6 places he went then this will impact the SP once its out. + + +Working out where they are heading runs parallel to the SP more than you might think. The market, in a broader context, is future based. There isn’t a shortcut around this step, its reading, reading reading bitches…. + + +Although Stonk history tells you a story, its more useful for seeing what they have come up against in the past and how the SP reacted to it. What made it Dip, what made it rocket? What is the ROI? And more, all this historical shit gives you a template but not a guaranteed direction. + + +Question 5 and 6 are where you start to delve into the nuts and bolts. P/E ratio’s, cash runways, market index rankings per sector and all the snooze button shit that hides the details. Im not going to describe what all this is, DR Google is smarter than me and I’m a few stubbies in already so I might lose track of what the fuck I am saying. + + +Here is a great link https://www.investopedia.com/terms/f/fundamentalanalysis.asp + + +At the heart of FA is whether you believe the narrative the numbers and words tell you. + + +IMHO if your only interested in FA, then avoid micro caps. + + + 0.03c - 0.05c SP and a $300 -$500 SP is the same % difference but a world apart in the ability of a Stonk to fluctuate under their market cap and FA just doesn’t give you the type of info you need to accurately make a profit within those margins on micros. + +(Happy to be proven wrong on this if you think otherwise.) + + +That’s fucking great pal you might say, but fast forward to the part where it gets me on the rocket ship before it blasts off…. + + +Ok, well here is a clue. If you have read this far and your already impatient or scrolling down to the TLDR, FA might not be your particular brand of vodka. + + +So lets get into the occult, the witchcraft that is TA…. + + +TA: +Being technically anal is actually easier than you might think. + + +TA is about trends, historical data and volumes. Sure its about more shit than that but it also kind of isn’t. + + +Its basically saying this stonk already has a template and I can predict where it will go next if I understand that template. + + +When stonk go up, what does the chart look like? + + +When stonk go down, what does chart look like? + + +Yes, it involves funny squiggly lines and colors. + +You’ll also come across all sort of stuff like golden (showers) crosses, cups and handles, head and shoulders, descending triangles and other weird phrases but all they are really doing is describing a pattern. + +And patterns are predictable once you can see them. + +I am tempted to get super into these patterns, but this post is already long so here is a link: +https://www.investopedia.com/terms/t/technical-analysis-of-stocks-and-trends.asp#:~:text=Technical%20analysis%20is%20the%20study,data%2C%20including%20price%20and%20volume.&text=The%20two%20most%20common%20forms,needed%20to%20make%20a%20profit. + + +If you a commsex user, then send a tendie to chief Tom because as an avid reader of r/ASX_Bets he has clearly been up to the R&D spooks over there and told them to improve the graphs on the app. + +You can’t do the super technical stuff, but go backwards over any of last weeks rockets (CRO, HYD and some of the smaller cap ones) and go to the 1 day, 5 day and 1 month graphs respectively. + + +Click on the chart style indicator (the funny line that looks like the ‘Stonks only go up symbol’) and change it to candlesticks. This gives you indicative buy/sell data in pretty colors so its easier to work out. + + +Then look at the upper/lower indicators, you can change it to show you volume, price tracking lines, Bollinger etc.. + + +Have I lost you yet? That’s ok… + + +Zoom out the 3 month charts with the same settings and OMG, a pattern emerges…. + + +Zoom out again to 6 months, another pattern… + + +Zoom back in, heres that funny old pattern again… + + +But wait you say, this stonk keeps hitting a certain point on the graph, then those red columns get huge and it stays there or bounces down again. + + +Hello resistance line, hello seller volume, hello traders with pre determined exit points. These guys are not super interested in the FA or the intrinsic value of a long term hold, they are interested in making the 5/10/15% what-the-fuck-ever percent and bouncing out. + + +Hold the fuck on, when it hits a different level those green dildo’s start popping out in the bottom graph and it stays there for a bit then heads up again…. +Aloha support level… + + +Just go look at Zippy with the above parameters on commsex app, youll see exactly what short sellers, swing traders and the like see…. + + +Fair warning: going backwards on the app helps you to recognize patterns but to do the proper witchcraft TA you need the proper tools and programs + + +Yes matey you’ll be saying again, very interesting but how the fuck does this get me on the rocket ship before blast off? + + +Well IMHO, there are 3 ways to board the rocket. + + +1: You have a mate who tells you or they post it somewhere. + + +2: You jump on after blast off and play the gambling game, freaking out when it dips and missing all your sweet tendies or pretending diamond hands are the only way and watching it dump then losing all your tendies, or bag holding forever. Or you get lucky and pop out at a high, but TBH your really only gambling (someone please comment ‘Sir, this is a casino, I love that shit 😊) + + +3: You do both of these methods. + + +- FA alerts you to the stonk. You do the reading and think it’s a winner. + +-TA sets your entry point so you board before take off and exit before crash landing. + +- FA helps you determine whether it’s a good hold as its got the legs to break multiple resistance levels over time + +- TA helps you recognize the famous P&D and set an exit point to bail before you become the proud owner of a piece of shit. + + +Both methods have their role. + + +Yes you can use OBV and Fibbo numners to scan for potential like I do sometimes, but that’s a whole other spectrum of TA and its already past bedtime. + + +FA IMHO is better generally for Mid/Large cap because they are generally less volatile and FA has seasons where its super useful (Earnings months etc…) TA is better for bouncy bounce plays on micros and mid/large. + +But don’t go neglecting either at any time, TA tells you things the FA misses and vice versa. + + +You can always subscribe to a service that does this for you. Intellegent investor is good-ish, so is wallet investor. Motley fuckwit has some ok picks sometimes but gets the fuckin dick from me because they just don’t stop with the fucking propaganda…. + + +Disclosure: Generally the posts on here do ok, but you gotta know when to get off… +Unless your planning to holder forever like uncle Wazza, but that just doesn’t seem to be the vibe here… + + +For what its worth , (before you all tell me I don’t know what I’m talking about) I have posted about 3 stonks on here in the last few months. (admittedly I shit-post a lot too…) + + +AFG, which went up 18% 2 days after the post, then dumped and has dribbled ever since but if you’re a long holder you’ll do OK and… +EDIT: up another 3.19% after this post... + + +ICU, which is a micro and went up 15.5% the day after the post. Both were the result of FA/TA combination and both delivered tendies of the succulent variety. +EDIT: ICU went up a further 52% 2 days since posting then retraced a touch... + +OPY which went from an open of 3.14 up to a high of 4.80 the next day, a 52.8% raise then leveled out around the 3.70’s +EDIT: up another 13.7% since this post... + + +Sorry about the long post, I got finished washing the wifes BF’s car early and he let me have the WIFI password… + + + +TLDR: Gamble if you want or learn some shit and make tendies… + + + +Edit: some really good comments below. I have made far more $$ by choosing good Stonks and holding them over the years than I have ever made day trading. + +FA is my primary method for choosing and accounts for probably 75% of my decision making and TA fills the gaps to help maximize profit making. +&#x200B; + +CryptoMoonShot fans!! I want to present to you a HUGE Ethereum project that was developed by an experienced team with a successful history on the ETH Network! This project has been building a loyal and active community coupled with a BASED dev team. This BASED team came with big preparation and it shows by the BULLISH looking chart. I have a good feeling that HUGE things are surely cooking and ready to spice things up!! Did i mention + +&#x200B; + +Without further ado, i present to you.... + +&#x200B; + +**Robo Inu!** + +&#x200B; + +Robo Inu was birthed by the people who work in research and science community, and inspired by the idea of sending robotic dogs to Mars! Robo Inu aims to support NASA’s cause, while utilizing blockchain technology to create tools, such as RoboWallet, RoboLaunchpad and RoboNFT, to support individuals in their search for financial management + +&#x200B; + +Help support the cause today as early investor and reap the benefits as this project get ready to launch + +&#x200B; + +**TOKENOMICS** + +&#x200B; + +Every sell and buy transaction of $RBIF has a tax percentage which is used to fuel the growth of Robo Inu Finance’s ecosystem + +Total supply: 100,000,000,000,000,000 + +Initial burn when first launch: 40% + +&#x200B; + +Buying Tax : 4%, 1% reward to holder - 3% to marketing wallet + +Selling Tax : 10%, 3% reward to holder- 7% marketing wallet + +&#x200B; + +✅ Ownership renounce + +✅ Liquidity locked for 4 years + +&#x200B; + +**We are in Phase 1 of 4, having completed the following** + +&#x200B; + +✅ Launch RBIF token on ERC20 + +✅ Contract audit by techrate + +✅ Listed on CoinGecko and CoinMarketCap + +✅ Whitepaper released + + + +**In progress** + +🔥Race to 5,000 holders + +🔥Marketing rollout + +&#x200B; + +Telegram : [https://t.me/robo\_inu](https://t.me/robo_inu) + +&#x200B; + +Robo Inu ( RBIF )Contract : 0x7b32e70e8d73ac87c1b342e063528b2930b15ceb + +&#x200B; + +Website : [https://www.roboinu.io](https://www.roboinu.io) + +&#x200B; + +Chart : [https://www.dextools.io/app/ether/pair-explorer/0xa6c6b56c70abf14ed63edaffb45bb82a64454a77](https://www.dextools.io/app/ether/pair-explorer/0xa6c6b56c70abf14ed63edaffb45bb82a64454a77) + +&#x200B; + +Whitepaper: [https://roboinu.io/white-paper/](https://roboinu.io/white-paper/) +I love Economics History and Geography and in my opinion History especially can help you understand the economics of countries way easier and geograpby aswell, but how much do u think they help? +Project is renounced and has no dev wallet = 100% Unruggable + + +Be honest, most of these things aren't meant to last that long, but that doesn't mean you can't 10x, 30x or even 70x with these babies on the regular. We’ve all seen several memecoins this week go 10-30x, and those aren't even the best ones. All you really need is a solid group, a great smart-contract, and big hype - we can bring this to the table, and give you plenty of opportunities to multiply your investment several times over. +I won't promise you to plant a tree for every buy order or to clean up the entire ocean - these things are meant to be fucking YEETED. This is our mission. + +*'So why even yeet?'* +Unlike other tokens in this space, Yeet doesn’t heavily penalize you for trading it or holding, instead the token has cleverly been optimized to yeet. +DYOR: This token cannot be rugged or controlled in any way by the team or anyone else once launched - we don’t even have a wallet, literally all of it goes to the presale supply and the locked LP, dev has to buy-in like everyone else. Sniff the code, do whatever you have to do, and you’ll see that we’re in it for the yeet. + +[Token Specs] +1,000,000,000 Static Supply +🕳6% per Transaction = 💧4% Back to LP + 🔥 2% Reflection to holders (4% LP so we won’t dry up when we're mooning, moderate reflection to yeet even harder) +[Distribution] +🤑NO DEV WALLET - Devs couldn’t tank this token even if they tried. +👉100% Presale Supply & Liquidity Pool +💦Slippage 7%-10% depending on price-action +📃Verified Contract: bscscan.com/address/0x7060d3f1cc70a07f4768560b9d9b692ac29244de + +When launching these things it’s important to start from a micro-cap, and that’s why the presale hardcap will be set at no more than 150 BNB, so we can ensure more of those sweet, sweet gains. Setting it higher, the candle will be much harder to move, and that’s why some coins drop through the initial price floor. We won’t make that mistake. +Join us on Telegram to help us launch. We have over 2,000 members, half of them joining in the last 8 hours. It’s still early to get in Yeet. + +Ownership Renounced: +bscscan.com/tx/0x5eeef8ebc2a336f4770f0b069cf40699885e837b7ce90720c8cd495ba464e9ec +Website: YeetToken.com +Telegram: t.me/YeetTokenOfficial +Welcome to the Daily General Discussion thread of /r/EthTrader. + +*** + +Thread guidelines: + +- Please refrain from discussing non-Ethereum related tokens here. You are welcome to discuss altcoins in the Daily Altcoin Discussion thread. +- All [sub rules](https://www.reddit.com/r/ethtrader/about/rules/) apply here so please be familiar with them. + +*** + + Resources and other information: + +* Newcomers who have basic questions about Ethereum can find answers by visiting /r/EthereumNoobies or our Ethereum Education wiki page, [see here](https://www.reddit.com/r/ethtrader/wiki/education). + +* To view live streaming comments for this thread, [click here](https://reddit-stream.com/comments/auto). Account permissions are required to post comments through Reddit-Stream.com. + +*** + +Enjoy! + +Hi, I going into college in the fall as an economics major and have some doubts about job opportunities after college. Do you regret major in economics? How hard was it to find a job with an economics degree? +**NEW HERE?** Are you wondering what DRS is? Do you want to know how and why people are Direct Registering their shares? **Please ask away in the comments! Try to search the comments first to see if your question has been answered.** + +**HAVE YOU GONE THROUGH THE PROCESS OR RESEARCHED IT?** We have some helpful people already willing to answer questions. If you want to be one of them too, hop in and help where you can. We appreciate every last one of you. This thread will sort by new, to make it easier to find unanswered questions. + +**WANT TO FIGURE IT OUT ON YOUR OWN?** [our comprehensive Computershare Guide](https://www.reddit.com/r/Superstonk/comments/ptvaka/when_you_wish_upon_a_star_a_complete_guide_to/) + +[IRA Guide](https://www.reddit.com/r/Superstonk/comments/scpxs9/another_path_to_drsira_with_no_taxable/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) \-- involves moving shares to a custodian, please research the risks involved with various [custodians](https://www.abc.net.au/news/2021-03-05/share-custodians-holding-your-stocks-explainer/13177716) + +[another IRA Guide, this time using an LLC](https://www.reddit.com/r/Superstonk/comments/tc3n8g/how_to_drs_your_ira_shares_the_god_mode_cheat/?utm_source=share&utm_medium=web2x&context=3) + +&#x200B; + +https://preview.redd.it/u67on4ig3cn81.jpg?width=1201&format=pjpg&auto=webp&s=22c3ccb1edb2c3e0d71fa8ff15d5c3d2b4cb7c03 + +[Registered owner = DRS](https://preview.redd.it/86p5qrw33cn81.jpg?width=1834&format=pjpg&auto=webp&s=9a7054bf9e8fe9552288f12e5d6f0203d3b96344) + +[Beneficial Owner](https://preview.redd.it/6fdr5uh43cn81.jpg?width=1820&format=pjpg&auto=webp&s=8714e788a194b205e05e08f11ab8d3ecd6bdf9bf) + +credit to Computershare on [Youtube](https://www.youtube.com/watch?v=c65RY22lky4) + +[DTCC explaining DRS](https://www.dtcc.com/settlement-and-asset-services/securities-processing/direct-registration-system) + +When you buy through a broker-dealer, they will be in the "street name" aka they're registered with your broker-dealer. + +What can they do with street name shares but not with direct registered shares? LEND THEM OUT TO SHORT SELLERS! + +From DTCC - REDUCES RISK ASSOCIATED WITH PHYSICAL SECURITIES PROCESSING, INCLUDING TURNAROUND DELAYS, MAIL LOSSES AND RISKS ASSOCIATED WITH STOLEN, FORGED OR COUNTERFEIT SECURITIES\* + +&#x200B; + +link to Computershare's chart that shows that direct registered shares are removed from Cede & Co. / DTC: [https://www.computershare.com/PublishingImages/company-share-structure.jpg](https://www.computershare.com/PublishingImages/company-share-structure.jpg) + +link to Computershare's FAQ page that also has that chart: [https://www.computershare.com/us/becoming-a-registered-shareholder-in-us-listed-companies](https://www.computershare.com/us/becoming-a-registered-shareholder-in-us-listed-companies) + +&#x200B; + +# Do you want to post your DRS position but don't have enough karma? Post in r/GMEOrphans to feed the bot. + +# If you want to ask questions here but your karma is too low for the sub, DO IT! Automod will remove your message but I will manually approve it for you💜! + +To reduce clutter I will remove off-topic comments. + +# 🟣 UPDATE 🟣 8.9 MILLION SHARES SO FAR!!!!!!! + +https://preview.redd.it/xikehhrqhxo81.png?width=875&format=png&auto=webp&s=c5ef5c51f2f10b01004f8f47a78b7ff68eed35c1 + +`This is all education, and not financial advice.` +Basically title, but with the caveat that to be effective it seems there must also be some provision for the distribution of that percentage, so that the executives don't take it all and everyone else gets minimum wage. Another possible caveat could be that a truly evil/machiavellian company could simply hire more people for the purposes of lowering everyone's salary, but I'm not sure there is a clean way to prevent that without secondary effects. + +From my naive perspective this idea seems different from mandating the price of labor like a minimum wage law does. + +If this idea has already been tossed around, has it been tried anywhere? What were the results? + +Edit: In response to UpsideVII's comment, I realize the title/question is confused since "Profit is revenue minus costs and wages are a cost. So 0% of profits go to paying employees by definition". Instead, his suggestion of "setting a fixed profits to wages ratio" seems a more workable definition. More generally, I'm wondering why there isn't a more direct solution (or if there is, please inform me of it) to this problem of somewhat "liquid inequality" where a company can just decide to dump all of their profits into whatever they want, regardless of the ratio of profits to wages. I get being too strict with this ratio (if set at a national level) would make US companies vulnerable to international competitors who have no such limit and dump everything into R&D or somesuch, but surely establishing some ratio is better than none, or am I mistaken? +I know it’s popular to say that Presidents don’t have an influence on the economy, but I struggle to understand how certain moves made by the government don’t have an effect on the health of the economy. + +What’s the most likely cause of the downfall of the market? +Are there any policies that can be made to help prevent recessions or is this just the nature of the economy? +I know, recently, this sub has seen some silly, 'not very Thetagang' posts. In the last couple of days, we've had: + +1. Some nutter remortgaging his house to run the wheel +2. A bellend who's sold his real estate, only to put $100k on AAPL +3. And Mr 500% gains in three months FFS + +But you know what: so what? I can ignore these idiot posts easily. And to be honest they always get massively negative sentiment in their comments which I often find entertaining. Equilibrium is always created between the idiocy of the post and the savageness of the comments. Thanks, nature. + +What's triggering me are the attention-seeking posts – like this one – that drone on about how the sub used to be different. How it needs to be 'cleaned up' by mods. How people need to have a deeper understanding of Theta strategies before daring to post or comment blah blah blah. + +Guys and girls (but honestly mostly guys). You're on Reddit. Stop giving yourself a tension headache every day and recognise that this is a non-serious space for people to come and find WHATEVER they're looking for, not just what you think they should be. You're taking life and Reddit way too seriously. + +If you feel strongly about a post, hit the red arrow that points down, go sip a herbal tea and do some press-ups. Channel that negative energy somewhere positive. Bake some cookies if you like. + +It's the constant 'this-sub-sucks-and-it's-everyone-else's-fault' posts that are starting to make Thetagang a negative place. + +I know I know. This is the type of post I'm talking about. I'M PART OF THE PROBLEM. + +Life is strange. +There is zero reason to fret about the price manipulation we’re seeing. I expect it to get more blatant and worse as the shfs get closer to their ultimate demise. + +But who cares? All that matters is locking up shares in CS. If they want to manipulate the price lower and give me more shares fine with me. + +At this point, while I am still very angry about the crime and collusion, I’m completely emotionless when it comes to the act of buying and holding GME. I’m a fucking cyborg. My order executes on CS every Monday and settles on Wednesday, at which point I put in a new buy order for the coming Monday. I’ll do it forever. I’ll never stop. +If you think most people like crypto or at least are neutral and know something about it you have no idea what you talk about. Minority of people know anything about it. + +Check you tube, tik tok, instagram or other social media. But not crypto channels or sites, those are pro crypto bubble, obviously most people there will like it. Check non crypto related ones that randomly mention crypto and you will regret it forever. Knowlege of average person in the internet about crypto is terrifying. Never saw so big amount of ignorance as superstition. Most people think it is fake internet money or biggest scam in history. And those people are not only boomers but millenials or gen z too. + +Main argument is that it is a scam, but ofc no one can logically answer why, they act like medieval peasants toward "witch". No knowledge, just the same emotional repeated lies that crypto is dangerous, people lose money and my "favourite" that everyone should grow up and work in 9-5 instead of wasting money and thinking about getting rich... Obviously anyone who invest and want to be successful is wasting time for those people. It is known internet hate any advices of making money, business or self improvement, but even most people that are seeking for bussines ideas, financial freedom and investing advices hate crypto. + + +Is visiting those places necessary? I think yes. Too many people in crypto space don't understand real situation and are too optimistic. Some truth will be refreshing like bucket of ice on their head. Instead of only spending time in crypto subs or channels you will see reality. Here everything is about crypto, outside not. And even if is usually not friendly at all. I tell it not to complain, get angry or be sad. But to simply understand "the enemy" and stop being ignorant. Nothing better in politics, music or business than meating people that dislike you. To much compliments lead to delusions. Reality check make you improve and become more experienced. +Hi, + +I’m Nick Leeson, today is my birthday. + +It is also 25 years ago today since I broke the world’s oldest merchant bank with illegal losing trades of over 1.4 billion dollars and the phrase, ‘Rogue Trader’ was coined. + +I was 28, the place was Singapore, and the bank was the Queen's own Barings PLC. + +Things went bad fast, two days prior I fled Singapore and faxed back a note to the bank with just the words “I’m sorry” + +I realised how bad, when waking up at the Shangri La Hotel in Kota Kinabalu. The Asian Wall Street Journal had been slid under the door, picking it up, the front-page headline read ' British Bank collapse'. + +I decided I needed to get further away, back to England. I boarded a flight back that day via Germany. The plane was met on the runway in Frankfurt by German police. + +I was extradited, sentenced to 6 and ½ years in a Triad led prison in Singapore. I got cancer, spent a month in solitary, wrote a book, had a movie made about me starring Ewan McGregor and served 4 ½ years for good behaviour. + +I am now back trading and you can follow along at bullandbearcap.com. + +I'm hosting an AMA shortly at 7pm UK time, feel free to ask me anything about anything. + +I’ll answer questions there rather than here. + +Nick +This post is just a primer for the day when DFV eventually sells and this sub loses their collective minds and go out for blood. The guy has made multiple people millionaires and all these people posting their donations sold before he ever did. + + + +I have seen many times how vicious reddit can be with these sorts of things and everyone needs to prepare themselves mentally for the day he rides off into the sunset. Just be cool when it happens. +Those who have been here for a while now will probably relate. We have accumulated significant wealths... yet after a certain point most of us stopped telling everybody about it. For many of us hodlers, we haven't even sold since it was 18$ and no one really knows about our true net worths. + +Who would have though that a small community of 38000 redditors, somewhere, is making 2000-3000% profits on their investments? Hell, nobody will believe you even if you told them. They would probably just say it is a scam, or dismiss your arguments. + +You probably don't even WANT to talk about gains anymore because it is not possible to explain this crazy technology. + +We are all living on mars right now, without the slightest idea of what is gonna happen an how crazy all of this can get. + +If this is the future, let's embrace it while we are at the begging . For most of us, this still feels like an illusion +There's been a lot of misinfo going around that RC's gag order lifts in March 2022, but it's not the case. According to the Standstill agreement: + +"RC Ventures agrees that, from the date of this Agreement until the earlier of (x) the date that is thirty (30) calendar days prior to the deadline for the submission of director nominations by stockholders for the Company’s 2022 annual meeting of stockholders pursuant to the By-Laws or (y) the date that is one hundred twenty (120) calendar days prior to the first anniversary of the 2021 Annual Meeting (the “Standstill Period”)..." + +The date that is 30 calendar days prior to the deadline for the submission of director nominations by stockholders for the Company’s 2022 annual meeting is 11/23/2021. + +The date that is 120 calendar days prior to the first anniversary of the 2021 Annual Meeting is 02/09/2022. + +The earlier of the two days is 11/23/2021. So as you can see, according to the agreement, this is when he'll be allowed to speak. Tons of misinfo on it here and I think it's good to spread the word. + +And if you're wondering on my source for 11/23 being 30 days prior, it's from page 55 of their 2021 Proxy Statement. + +[https://news.gamestop.com/node/18846/html](https://news.gamestop.com/node/18846/html) +Come on folks. This shit happens every single time our beloved stock is doing beautiful things. + +Don’t get sidetracked. This is literally a recurring thing and to be frank, I feel like this shit is planned to distract you. It happens over and over and over. Focus on the reason you’re here, not everything else. + +Have a good day, it’s Tuesday y’all! +In my area there is a big apartment complex and that's pretty much the biometer for the rent charged. Earlier in the year (March) - 1 bedroom was going for $1800 and up and since the summer, the complex has been slowing dropping price and now one bedroom is going for $1400. I have one rental unit in the area. The tenant is currently paying $1750, but decided to move out at the end of Oct. It requires at least $1700 to cash flow positive. This is in the suburb of Philly. Wondering what you guys would recommend doing? Should I try to list it on par with the big apartment complex (aka lower rent) but then i would be cash flow negative for $300 a month. Pre-covid rent would be about $1200 so it is still up a bit. Curious if this is one off or does it also happen in your area? +This principle comes up over and over again, sometimes in stupid ways, and it applies to everything from personal finance to trade deficits, so here goes: + +- Imagine a world where it costs approximately one dollar per year to live, and where every job pays a one dollar per year salary (just to keep the math simple) + +- I am rich, and have 100 dollars. I lend out a dollar to each of 100 people, who in turn agree to pay me 10 cents per year in flat interest (again, to keep the math simple). + +- Each of those people earns one dollar per year, and pays me ten cents of that dollar, never paying off the balance. + +- Every year, I earn $10 from the interest payments, while each of my debtors earns only 90 cents after their payment to me, with no end in sight. + +- Those who try to "pay off" their debt, by paying an extra penny per year, earn only 89 cents per year, and pay me 11 cents per year. After 100 years, they will have paid off the debt at one penny per year against the principal and ten cents per year interest, for a total of $11 dollars paid to me for the dollar I originally loaned them. If every borrower did this, after 100 years I (or, more likely, my estate) would have $1100 from my original $100 investment. + +- Even better for me, if I had been re-investing that $10 per year that I was earning in interest by lending it out to other borrowers, I would rapidly compound my returns and be earning $100 per year *just in interest payments*. + +This is how the rich get richer and the poor stay poor (or get poorer). It is essentially by being on either the right side or the wrong side of interest rates. + +If you want to get rich, find a way to make income through ownership instead of wages. Own land, own a business, own intellectual property, own loans, whatever. Get out of the practice of selling off your life one hour at a time, and get into the practice of collecting from people who want the use of your business, land, intellectual property, or capital. + +Landlords pay a fixed sum (or more commonly, a fixed mortgage payment) while their tenants pay inflation-adjusted rent. Your landlord, if she bought the property today, might be paying $1,000 per month in mortgage and expenses on your apartment, and collecting from you $1,000 in rent. Which seems like a pretty bad deal except that 30 years from now, she'll be collecting maybe $5,000 per month in rent (after 30 years of inflation), while making her final $1,000 mortgage payment, at which point she'll own the building free and clear, while you'll still be paying $5,000 per month with no end in sight. + +This is why China can spend $50bn on building the world's fastest railroads without a second thought while Obama must fight to try and get $3bn to explore high-speed passenger rail in the US. China is collecting a trillion dollars per year or whatever in interest payments from the US, so what do they care about such expenses that will only increase their competitive advantage and future income? + +This is also why things like the US *trade* deficit are a much bigger deal than the more-ballyhooed government debt. The US gov't borrowed heavily to win the cold war. Then it started borrowing again to finance the current war on terror. It's also been borrowing since, to keep the country running, rightly or wrongly. + +Any of those might have been good or bad decisions, but they are the equivalent of the family farm borrowing to pay for equipment and so on. It may have been done wisely or unwisely, but it can be, and eventually will be, paid back from the proceeds of the farm. + +However, the current accounts (read mostly "trade") deficit is the equivalent of selling off the family farm an acre at a time. When the family itself is spending more than it earns, when the kids and grandkids are all selling off their claims on the family farm in exchange for new cars and apartments in the city, then we are not just borrowing against future crops, but permanently handing over the acreage that will pay our future incomes. + +This is why things like wage and currency discrepancies matter, even if pure free-market thought experiments say they should not. In an abstract model of a free market, all market actors are equal. But in the real world they are not. Workers in some parts of the world are artificially made more desperate than workers in other parts of the world, and the equilibrium of intelligence and free action is far from perfect. + +This means that a pseudo-"free" and unregulated market will, in the present, result in a massive and unearned transfer of wealth from those who are at or above equilibrium to those who are below equilibrium. Which might be okay, in the long run, if wages were all we had to worry about. + +To frame a crude but not entirely inaccurate analogy, when a country like the US trades with a country like China, it is akin to a family farm trading with a neighboring farm that occasionally kills off some of the grandkids once their crops are harvested. The farm that is keeping its "currency" artificially low in this way is able to claim more from the farm that continues to feed the whole family. The "unfair" farm is able to sell, at cut-rate prices, their own crops to the un-slaughtered grandkids of the "fair" farm in exchange for a small piece of the "fair" farm, cheaper than those heirs could grow for themselves. + +This is a much bigger deal for the family than the farm itself borrowing to pay for new equipment or even current operations, because it permanently degrades the earning capacity of the farm. + +It is also, and this is important, categorically different from selling off or converting acres of the farm to better economic use. That is, the family is not building apartments on under-used farmland, nor renting it out or selling it to parking lots or stadiums or windmills or fairgrounds or shopping malls or whatever. Nor are they succumbing to genuine economic pressures of farms that are more-efficient in terms of creating greater genuine wealth in terms of net human benefit. + +Similarly, and just as importantly, the problem of trade deficits is not merely a problem of the farm that is willing to chop up the grandkids and use them as fertilizer once they have grown the apples being able to sell them cheaper to other customers in the marketplace. **The problem is that, when we are trading our produce for theirs on "equal" terms, they are gaining ownership of our farm with every transaction.** + +It is very important to understand that **the above is not an argument for protectionism.** Propping up inefficient industries (farms or otherwise) is just as bad, and breeds corrosion from within, by crippling the strong. To extend the analogy, the family farm would be badly-served if it tried to divert fertilizer and acreage from the grandkid who was profitably growing corn to the grandkid who can't get apples to grow. Similarly, the family farm is better off buying tractors and tools from efficient producers in town than they are trying to mine and smelt their own iron ore and machine their own engines and so on. + +The problem is a specific one of **willingly giving up long-term economic assets** to trading partners with artificially (not economically) lower costs. + +It's like borrowing from a drug dealer. If he is able to finance your lifestyle cheaper because of the fact that he stole the assets instead of creating them, then it is no longer a wealth-generating activity to trade with him. On a one-case-at-a-time basis it might hardly matter that you got a cheap watch or playstation from him, but when the whole family is financing a lifestyle by selling off pieces of the farm in exchange for stolen watches and playstations, then we are no longer talking about market efficiencies. + +I use the example of the US and China because I expect it has the most relevance to the largest number of redditors, but the exact same analogies could be used with say, Europe and Africa. Africa is probably the richest continent in terms of natural resources, but the nature of its trade relationships is such that most of that wealth is simply extracted. This creates a sort of dutch disease where genuine economic growth cannot take hold, because the local currency is inflated by the value of the natural resources to the point where it is not cost-effective to set up any other industry than extraction. + +Which comes back to the original concept of ownership. **Whether you are getting richer or poorer in the long run always ultimately depends on which side of the ownership line you are on.** Nobody can stay poor for too long if they are on the right side of ownership, and nobody can stay rich for too long if they are trading ownership for current consumption. +CONTRACT REDEPLOY TO FURTHER OUR JOURNEY THROUGH THE COSMOS AND LAND ON MARS + +5000X ON FIRST LAUNCH HOW MANY X CAN WE GET THIS TIME?!? + +THIS NEW CONTRACT WILL IMPROVE THINGS SIGNIFICANTLY FOR THE LONG TERM, AND IT WILL ENABLE US TO REAPPLY TO CMC, CG, AND WHITELIST EXCHANGES WHICH IS NEEDED!!!!! + +LOVED OUR TOKENOMICS BEFORE? LOVE THEM EVEN MORE NOW!! + +A NEW, IMPROVED, AND BETTER CONTRACT THAT WILL HELP US WITH ANY ISSUES REGARDING LP! I AM ALSO DECREASING THE MAX TRANSACTION SIZE FROM 1% -> 0.5%! + +- 7% Auto-staking via 7% tax from every transaction. This means that for every transaction made, 7% of that transaction gets redistributed among investors. You earn more money just for holding coins! + + - 1% Burn tax - This means that for every transaction 1% of that transaction, those coins get burned forever meaning your coins once again become more valuable as this acts an auto deflationary measure! + +- 0.5% Maximum transaction size - This unique anti-whale feature prevents any transaction from being larger than 0.5% of total coins available. This prevents individuals from doing large dumps and causing increase in volatility. + +Here at SMGM, we are a 100% community driven project that is taking testicular cancer research to the moon and beyond! Our goal at SMEGM is to once and for all END testicular cancer! How we achieve this is quite simple, for every $5 Million in market cap raised, we donate money to testicular cancer research + +OUR JOURNEY - + +- Initial launch at $3000 USD market cap (no pre-sale) +- Over 1000 investors within 24 hours +- Within three days reached $15 million market cap +- Currently over 6000 investors +- TikTok partnerships with @LondonLaz and @JabagelMan + + +Website: https://www.smegmars.space/ + + NEW CONTRACT +ADDRESS: 0x74f3a669A8f35010F6f8811c495c0A5F60c5d04d +NAME: SMEGMARS +SYMBOL: SMGM +CONTRACT REDEPLOY TO FURTHER OUR JOURNEY THROUGH THE COSMOS AND LAND ON MARS + +5000X ON FIRST LAUNCH HOW MANY X CAN WE GET THIS TIME?!? + +THIS NEW CONTRACT WILL IMPROVE THINGS SIGNIFICANTLY FOR THE LONG TERM, AND IT WILL ENABLE US TO REAPPLY TO CMC, CG, AND WHITELIST EXCHANGES WHICH IS NEEDED!!!!! + +LOVED OUR TOKENOMICS BEFORE? LOVE THEM EVEN MORE NOW!! + +A NEW, IMPROVED, AND BETTER CONTRACT THAT WILL HELP US WITH ANY ISSUES REGARDING LP! I AM ALSO DECREASING THE MAX TRANSACTION SIZE FROM 1% -> 0.5%! + +- 7% Auto-staking via 7% tax from every transaction. This means that for every transaction made, 7% of that transaction gets redistributed among investors. You earn more money just for holding coins! + + - 1% Burn tax - This means that for every transaction 1% of that transaction, those coins get burned forever meaning your coins once again become more valuable as this acts an auto deflationary measure! + +- 0.5% Maximum transaction size - This unique anti-whale feature prevents any transaction from being larger than 0.5% of total coins available. This prevents individuals from doing large dumps and causing increase in volatility. + +Here at SMGM, we are a 100% community driven project that is taking testicular cancer research to the moon and beyond! Our goal at SMEGM is to once and for all END testicular cancer! How we achieve this is quite simple, for every $5 Million in market cap raised, we donate money to testicular cancer research + +OUR JOURNEY - + +- Initial launch at $3000 USD market cap (no pre-sale) +- Over 1000 investors within 24 hours +- Within three days reached $15 million market cap +- Currently over 6000 investors +- TikTok partnerships with @LondonLaz and @JabagelMan + + +Website: https://www.smegmars.space/ + + NEW CONTRACT +ADDRESS: 0x74f3a669A8f35010F6f8811c495c0A5F60c5d04d +NAME: SMEGMARS +SYMBOL: SMGM +Berkshire slashed its stake in Verizon Communications (VZ) by 99%, reducing its holdings to just 1.4 million share from 159M. + +I feel kind of disappointed, I was about to enter VZ next week! + +Does this move change your thoughts on VZ? + +Would love to hear your thoughts. + +Edit: I do know that it is risky and I am prepared to lose all of the money but as I said I would want to diversify my stuff to limit that possibility + +I am 13 years old and have around 400 dollars I own in my dads safe that I don’t want to spend so I was thinking of trying to do stocks or something to make passive income with 300-400 dollars preferably diversified investments, I am also open to any other ideas. I have watched videos on stocks and finance but don’t know how to start, I believe my parents would help me if I knew how to. I make around 100 a month helping around my house and my brother. Note I am thinking it would be wise to consult a financial advisor about having to pay taxes or anything like that. My parents are older and my mom is recently retire and is saving money to help me buy a car and pay for college. I have plans for the future such as getting a retirement account as soon as I can and know how to build good credit. I know not to believe people who show off there wealth because the poor stay poor by pretending they are rich. I am seeing what I like know will I have support so I don’t waste money on stuff in the future and know to pay more for a good product/service and save money rather than pay cheap and have to get it done multiple times. +Worked a lot everyday, 14h+ for a couple of years at a startup, got lucky and we had an exit where I landed on a 10M+. I didn't ever expect to have that much money and due to working a lot and having horrible workplace politics and coworkers(things being done behind my back, secret meetings etc) I am completely burned out and having serious health issues due to that. +I'm not sure what to do both with the money - it's been 6+ months and I really haven't changed much in my lifestyle and with burnout - I certainly don't want to continue working under the same conditions but at the same time I love what I'm doing. + +Would much appreciate any advice - should I quit and fatfire? Should I take a break? Should I continue working minimally? + +edit: The reason why I consider continue working but on less hours is that I'm working on my dream job and grow/learn a lot of things in the field and I think that leaving I may miss this opportunity + +edit 2: Wow I didn't expect that many responses. I want to thank everyone for the help, looks like I haven't realized how burned out and stressed am I so will start with a therapist and taking a long long break at first. +It’s officially here. HappyCoin is live in NYC with a **huge billboard** you can see down the entire length of Times Square. +It's big, and it's oh so beautiful. +Despite the bloody market conditions, Happy wants to pave its own way and continue its bullish mission. + + +If that wasn’t enough, how about this to wet the taste buds: + +Two articles are about to be dropped. Yep, you heard that right; **Yahoo Finance + Marketwatch**. With this Happy is officially entering the mainstream space. Everyone is going to be talking about the amazing work the doxxed $HAPPY team has done, with $200k donated to mental health related charities, this is a project that is worth your time. + +**NFT marketplace prototype dropped this week** and has the communityof 75,000 holders buzzing. This is a huge opportunity for artist partnerships and fundraiser campaigns that will allow $HAPPY to continue the incredible work that's been achieved so far, separate from the market. **This is truly a project that has longevity on its side**. + +There’s even talk of potential partnerships with start up organisations to fund projects from the **ground up** and provide boots on the ground support - **A task no other project has yet undertaken**. + +Happy has the branding and message to truly appeal to the everyday consumer. We all know someone who has had their fight with mental health struggles, and $HAPPY is the only token dedicated to the cause. + +More articles are coming next week, along with a MASSIVE video from Jesse Wellens and the Happy team. You can see a teaser on the Instagram highlights page. + +But it gets even better. + +The team is going ahead with another **$20k LIVE** donation to Mental Health America, tonight at **9pm UTC**. + +This isn’t one to miss. I’ll be there, will you? + +[Website](https://www.thehappycoin.co/) + +[Telegram](https://t.me/happy_coinTG) + +[Pancakeswap](https://v1exchange.pancakeswap.finance/#/swap?outputCurrency=0xB0B924C4a31b7d4581a7F78F57ceE1E65736Be1D) + +[Yahoo Finance Article](https://finance.yahoo.com/news/happycoin-cryptocurrency-changing-face-online-184500166.html) +About a year ago this sub was asked to [recommend underrated consistent performers.](https://www.reddit.com/r/investing/comments/79pukt/what_stocks_do_you_own_that_you_believe_are/) + +I was intrigued so I saved the post to revisit and see how we did. + +[I weighted the investments to the upvotes and compared them to the market as if we invested one dollar per upvote.](https://i.imgur.com/Im6czDo.jpg) + +It looks like you outperformed the market considerably. There were some real winners in there and even the losers did not lose by much. This was a lot of fun to watch for me. + +The top performers were middle of the pack as far as upvotes went. + +Novocure +ILMN +Idexx +**SEC wants to redefine what an "exchange" consitutes** + +As per an article in [Ledger Insights](https://www.ledgerinsights.com/sec-reviews-exchange-definition-could-cover-defi/): + +*On Wednesday \[26th January\], the U.S. Securities and Exchange Commission (SEC) published proposed rule changes related to the Alternative Trading Systems (ATS). However, a surprise inclusion is the suggested change to the definition of an “Exchange”. It proposes to cover systems that include “communication protocols to bring together buyers and sellers of securities.”* + +*Some in the crypto community are concerned that this might include automated market makers and DeFi protocols. But given that the definition applies to buyers and sellers of securities, these crypto commenters acknowledge that DeFi protocols deal with securities, as the SEC has claimed.* + +&#x200B; + +**Potential impact on DeFi, including blockchain based markets** + +A more detailed look at this in [Crypto Briefing](https://cryptobriefing.com/new-sec-proposal-could-be-a-disaster-for-defi-exchanges/) points out that such a re-defintion could mean: + +*The proposal aims to move the SEC’s definition away from systems that match securities orders using a traditional order book to any system allowing buyers and sellers to communicate their securities trading interest. In addition to broadening the definition of a securities exchange, the proposal also asserts that the new definition will overrule previous SEC no-action letters and guidance, assuring certain kinds of systems are not securities exchanges.* + +*Under this new definition, decentralized exchanges such as Uniswap would be subject to SEC regulations and would therefore need to register with the SEC as a securities broker.* ***As decentralized exchanges have no way of complying with the current demands placed on securities exchanges by the SEC, the new legislation would effectively kill decentralized exchanges operating within the United States.*** + +&#x200B; + +**Under the radar...** + +What really irks me here is that they are making this proposal for the re-definition inside a larger proposal that reviews Alternative Trading Systems specifically for Treasuries. They could have made a separate proposal for this only, but chose to include it within another one that potentially has greater likelihood of getting passed without much criticism. Even Gary Gensler acknowledges the "stealthiness" of this in his [official statement](https://www.sec.gov/news/statement/gensler-ats-20220126) on the SEC website: + +*Relatedly, I support the element of this proposal that modernizes the rules related to the definition of an exchange to cover platforms for all kinds of asset classes that bring together buyers and sellers. Together, I believe that these steps would promote resilience and greater access in the nearly $23 trillion Treasury market, which forms the base for so much of the rest of our capital markets. I’m pleased to support today’s proposal and, subject to Commission approval, look forward to the public’s feedback.* + +&#x200B; + +**Dissent from an unlikely source** + +As for this feedback that they have requested from the public, it is only a very brief time period they have given: 30 days. Which has received some criticism from an unlikely source also within the SEC, the infamous Hester Peirce in her [statement of dissent](https://www.sec.gov/news/statement/peirce-ats-20220126) against these proposals: + +*Notwithstanding the literal and figurative bulk of this \[650-page\] release, the Commission has determined that it is appropriate to provide the public with 30 days to read, understand, consider, consult, identify, model, assess, and discuss these rules and how they are likely to affect trading venues for every type of security that is traded in our markets.  It would have been an irresponsible abdication of our role as the primary overseer of the U.S. capital markets to limit the public to a 30-day comment period on fundamental changes to the $22 trillion Treasury market; it is unconscionably reckless to do so for a proposal the effects of which will reverberate through all of the markets that we regulate, in ways that we cannot foresee.*  + +Perhaps Peirce is just trying to get back into some positive light in the public eye, but her comments here are quite right. For a change as drastic as this, which could even lead to decentralised, blockchain based financial exchanges becoming illegal to operate in the United States, there should be a lot more time and consideration given. As Gensler has invited, hopefully concerned US-based parties can provide feedback to that effect before the end of the 30 days period. + +&#x200B; + +**TLDR:** + +Quietly and without much fanfare last week, the SEC seems to have proposed a redefinition - as part of larger changes to Alternative Trading Systems for specifically Treasuries - of what an "exchange" is. What they have proposed may well lead to DeFi, including blockchain based exchanges of the type that many hope GameStop may look to launch, becoming impossible to legally operate in the United States. The timing of all this, as well as the very short time period of only 30 days for the public to provide feedback before the proposals presumably gets passed, seems extremely suspicious to me. + +&#x200B; + +***What are you Apes' thoughts on all this?*** + +&#x200B; + +**EDIT: These two comments are more bullish explanations for why the SEC are attempting to do this redefinition, which I think are alternative views to also consider:** + +u/Scalpel_Jockey9965: + +*Woah woah. Hold on. This rule is not proposing to target defi per se. This proposed rule is trying to redefine exchange in order to better regulate dark pools. Right now, alternative display facilities (dark pools) are not considered exchanges and are therefore not subject to regulation and oversight. However if so. It looks like it could have collateral damage to defi....maybe. This is however Gensler making progress on his everest worth of promises. Brick by brick.* + +https://www.reddit.com/r/Superstonk/comments/sgy70y/surprised_this_hasnt_had_more_attention_on_this/huzfeso?utm_medium=android_app&utm_source=share&context=3 + +u/Adras-: + +*What if this change also allows the SEC to regulate MM's internalizing of orders? or something like that.* +*Like, if we assume for a minute the Hester Pierce isn't just being cool for retail, and that she's in it to win it for someone else \*cough\* Citadel \*cough\*, then how could this proposal impact Citadel negatively?* + +https://www.reddit.com/r/Superstonk/comments/sgy70y/surprised_this_hasnt_had_more_attention_on_this/huza0l6?utm_medium=android_app&utm_source=share&context=3 +asking for a fiend + +https://preview.redd.it/4hlw5wcc7sn71.png?width=600&format=png&auto=webp&s=cda17f49d25dbc7e3d108f798e7adb92ab3ab4c2 + +https://preview.redd.it/fby542nrisn71.png?width=500&format=png&auto=webp&s=5bc963ded4c6b8e16bf6424ababdb2d10bf99718 +Hey guys, + + This post is going to be a summary of some of the harder-to-accept truths that beginners, or anyone wanting to go full time, will need to hear. I will also do my best to include my advice for solving these problems, or correcting them as much as possible. + + So here goes: +. + +1. YOU WILL HAVE BAD DAYS! + Especially at the beginning, or when you become the most confident. Both of these are typical stages when a person decides to overleverage or overtrade, which can lead to large losses. Trusting in your win rate, and saying stuff like "well, I lost 4 trades already, and I've never lost more than 6 in a row before", may be the exact reason you do lose more. My advice here is to research Martingale Theory, the idea that you can win by doubling down after every loss. This works... Until it doesn't. That's when you will fail big. + Also, it's entirely possible that you have a bad trading day for no reason at all. This just happens. Take the day off, or the week, and get back into it when you have your mind right again. The market will still be there. + +. +2. RETAIL TRADING IS LONELY! +Unless you happen to have all your friends interested in trading too, then chances are you are going it alone. This can be very tough, especially on your mental and emotional wellbeing. What is money worth if you have no one to share your success with? For me, and what I would recommend for everyone else, what worked was to join online groups. (I promise I'm not a shill hahaha), but in particular Discord worked best, due to its ability to facilitate real time discussion and information sharing. But reddit is good too, if you have the right community. Others may be good, but I tend to find are only promoted by spammers and scammers. Make sure to do your dd on any trading groups you are asked to join, as many are pump and dump groups too. + +. +3. IT WILL PHYSICALLY DETERIORATE YOU! + Think about it. You are going to be working from your computer or whatever setup you have, for maybe 6, maybe 8, maybe even more hours per day. And for 99% of us, that means sitting that long too. Standing desks may be the better choice but they can get uncomfortable fast. My advice is to join a gym, or go for a walk/jog/run or do any sort of exercise at all, at least once a day, and at least 5 days a week. Part of this includes eating healthy as well. It's too easy to sit down and drink fizzy drinks and eat whatever the hell you feel like, just because. But that will cause an early death, which is something no one wants. + +. +4. IT IS MENTALLY TAXING! + Anyone who traded/"invested in" GME knows how stressful it was. Massive rises followed by massive drops. Constant eyes on the chart, making and losing more money than you've ever done before. Holding your piss for hours just to see the giant green candles put your account into the big money. These are exceptional circumstances, but they are becoming more and more frequent these days. And if you have ever listened to talks by anyone who traded the dot com bubble, or the great financial crash, you will know that a high percentage of daytrader end up with heart problems. Many people I know of, take all sorts of (legal) drugs to get them through their days. Make sure to get a healthy 8 hours of sleep if possible, and don't ever trade multiple days in a row if they become too taxing. A day off won't kill you, another day of adrenaline might. + +. +5. IT CAN ALSO BE BORING! + When you trade the same instrument with the same system and make the same money every day, it gets boring. Now, I'm by no means a millionaire myself, and I would never complain about being bored if I was, but when you are somewhere between finally achieving consistency and trying to scale up your account, that's when boredom hits. You know what to do and how to do it. But the goal is still far off, and there's no way you can accelerate the process without ruining your progress so far. My advice is to have another hobby, and to do this on the side on those slightly more boring days. Another hobby is good to have whether or not you ever get bored anyway! + +So theres my 5 truths for today. I may share more if there is interest in it, and I welcome any and all feedback. + + Thanks guys! +I'm curious as I was a bit young to understand the 2008 GFC and how it *really* affected people and with another recession looking, the older me wonders: + +1. What does a recession mean for the average Aussie? + +2. Is there a way to prepare? + +3. Where/what should I be investing in if anything? +I have been chasing fatfire since I started working. I started working 29 years back as a scientist in a govt agency. Now that I have reached my goal I felt great for 1 week. I fell into mild depression very soon after that 1 week of elation.I now feel that the goal of fatfire was just a distraction for my mind that kept me engaged with life and work. I guess it was a helpful distraction in my case. I now wonder what life is all about since I no longer have any goals. Has anybody else gotten into this situation. Fat fire has given me now too much time to think about the absurdity of life itself which is not a good sign. We humans have evolved to not be able to look at life with absolute clarity at a very high level because that’s actually depressing. We have been evolved to be distracted by life details, emotions,society and lack of time. The singularity of mind is not meant to be achieved but only persued while we live. +The final picture is starting to come together. The ties of the former CFTC (who now works for citadel) & SEC chairmen to the industry appear to be pointing to fraudulent activity in efforts to prolong the necessity of **SOFR** being implemented. **SOFR** the last time it was attempted to transitioned into (in 2019) almost IMPLODED the market due to many realizing that banks and others could not handle a higher interest rate (based off the [DAILY TRESURY YIELD RATE](https://www.treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=yield)) versus the fabricated one that banks provide. + +&#x200B; + +With that being said, let's get into it. + +&#x200B; + +/u/sharkbaitlol here again for another post in the **"Chaos Theory"** series that delves deeper into the underworking of the financial realm. Just for a reintroduction of myself from other posts, my career has revolved around the data realm having worked on data collection, interpretation and machine learning for the last decade or so. I am also a lifelong gamer and have always been addicted to identifying patterns in real-life and games. **I do not claim to be a financial advisor; THIS POST IS NOT FINACIAL ADVICE. Apes should always challenge information and supplement with your own.** + +It is in my hopes that these posts result in an increase of people seeking out MORE information that could continually lead us in the right direction; I want our children to grow up in a system where it is not rigged against them. *I would like to thank the hundreds of fellow apes that have messaged me or commented with links and thoughts as we sweep the world for information. Apes together strong.* + +# I don't know how else to say this, but it is with great concern that I write this post. + +&#x200B; + + There are elements here that go deeper into describing what danger the economy finds itself in (as if it wasn't evident already through all the countless DD already provided by this community). + +I will attempt to provide you as many pieces of factual evidence possible and will make it known when my opinion on the matter is being presented. I will be creating links to some of my previous DD and others throughout the post. This is my attempt at connecting the dots in what I believe is one of **the final connections** of the story. + +&#x200B; + +**NOW GRAB THE COOLER OF BEERS AND GET BACK ON THE ROCKET BECAUSE WE'RE ABOUT TO GO DEEPER INTO SPACE 🚀👨‍🚀👩‍🚀🐱‍🚀🦧🦍** + +\------------------------------------------------------------------------------------------------------------------ + +Right from the top I will simplify the presentation of my findings for ease of understanding with the table of contents you see below. + +&#x200B; + +1. CFTC & SEC --- You Can't Make Old Friends +2. Credit Suisse --- A Leaky Boat +3. Gary Gensler --- GG GLHF +4. LIBOR vs SOFR --- Global Financial Evolution +5. **THE GREAT TRAP** + +&#x200B; + +\------------------------------------------------------------------------------------------------------------------ + +**Section 1 --- CFTC & SEC --- You Can't Make Old Friends** + +\------------------------------------------------------------------------------------------------------------------ + +As identified in "[Chaos Theory - Conflicts of Interest](https://www.reddit.com/r/Superstonk/comments/mpmnzt/chaos_theory_conflicts_of_interest/)", we were able to find out that the former chairman of the CFTC & SEC appear to be in one hell of a conflict of interest. *If you've read my last post, you can probably skim over this and head into Section 2.* + +Former SEC Chairman Jay Clayton just took a job at **Apollo Global Management** in a newly created role of lead independent director on its board last month. We start digging here and find out that **Tiger Global Management** holds a 14.8% stake in; making them the largest shareholder of Apollo other than a private holdings company from Apollo themselves (BRH) ([https://fintel.io/so/us/apo](https://fintel.io/so/us/apo)). + +In relation to this, don't forget that Bill Hwang is an alumni of the **Tigers** and the [mess he's been involved in](https://www.bloomberg.com/news/features/2021-04-08/how-bill-hwang-of-archegos-capital-lost-20-billion-in-two-days) with **Archegos.** This as we know has resulted in a massive hit to **Credit Suisse's** books in the tune of billions (we still don't know the full extent of this). + + We also found out that **Apollo** and **Tiger** so happen to be in the same building in New York (the Solow Building) and are doing [shady dealings + tax evasions](https://www.reddit.com/r/Superstonk/comments/mokvhk/chaos_theory_the_everything_connection/) down in the Cayman Islands and Bermuda; namely the [Ugland House](https://en.wikipedia.org/wiki/Ugland_House) (which was labelled by former president Obama as "the biggest tax scam in the world"). Even new SEC chairmain **Gary Gensler** has some thoughts on the matter: [https://www.youtube.com/watch?v=b\_GcpsIyQFc&t=1259s](https://www.youtube.com/watch?v=b_GcpsIyQFc&t=1259s) (*We also know that* [*the U.S. is losing $1 trillion annually to tax cheats*](https://www.reddit.com/r/Superstonk/comments/mqp2aj/the_us_is_losing_1_trillion_annually_to_tax/)*: courtesy of* /u/vadoge). REMEMBER CITADEL IS DOING THINGS DOWN HERE TOO DIRECTLY THROUGH VARIOUS ENTITES LIKE PALAFOX. + +&#x200B; + +NOW we encounter our first conflict on interest here as we delve into **Jay Clayton's** new employer, **Apollo Global Management.** As it turns out the former CEO of **Apollo** stepped down **JUST LAST MONTH** because of his ties with **Jeffery Epstein**. Here's the story from a couple weeks ago ago. + +[https:\/\/www.theguardian.com\/us-news\/2021\/mar\/22\/leon-black-quits-apollo-jeffrey-epstein-ties-inquiry ](https://preview.redd.it/j7jfsva7akt61.png?width=642&format=png&auto=webp&s=da0b6fd00c75f2ccd18a796ae131837cda111895) + +Wait so you're telling me that the former SEC chairman is working for a company that was connected with one of the most infamous criminals of all time? **YUP.** Well at least the old CEO isn't there anymore right? + +&#x200B; + +[Yikes, almost like this shouldn't be allowed right?](https://preview.redd.it/t494wh2nakt61.png?width=726&format=png&auto=webp&s=5ba672225d6129f58c2e7a934286fa471e368705) + +Now lets take a step back about two weeks ago or so; recall [Mr. Heath Tarbert](https://en.wikipedia.org/wiki/Heath_Tarbert)? Who was the former chairmen of the CFTC (Commodity Futures Trading Commission). Last we heard he just got hired by our boy **Ken Griffin** as his **Chief Legal Officer.** + +**Turns out that Jay Clayton and Heath Tarbert** (brought in during the Trump administration) **know each other pretty well. In-fact Heath had this to say about his** ***friend*** **Jay Clayton.** + +>*“It has been an honor to serve alongside Jay Clayton. He is one of the smartest and most capable transactional attorneys in the country and an* ***even better colleague and friend****. As leaders of the SEC and CFTC, we have* ***worked together closely*** *to harmonize our rules where appropriate and hold wrongdoers accountable."* + +Directly from the CFTC site: [https://cftc.gov/PressRoom/PressReleases/8310-20](https://cftc.gov/PressRoom/PressReleases/8310-20). So now we have two former chairman of the organizations meant to control **Wall Street** who are working for the very thing they were regulating. The same **Wall Street** they were "harmonizing rules" for --- oh and one of them is working at a Hedge Fund associated with a criminal. Great, totally not a problem. + +**MY OPINION:** There's nothing from these two from continually working together even now; only a few months have passed since these two were last collaborating. This begins to lead us into an ordeal that starts to paint a picture of what may have happened in the last few years and how some hedge funds might have further screwed themselves with super cheap interest rates introduced during the pandemic on loans with these two formerly at the helm stoking the flames. + +&#x200B; + +Wonder how **Gary Gensler** as the new SEC chairman will play into all this now? That will be covered soon. + +\------------------------------------------------------------------------------------------------------------------ + +**Section 2 --- Credit Suisse --- A Leaky Boat** + +\------------------------------------------------------------------------------------------------------------------ + +NOW how does **Credit Suisse (CS)** find themselves in this mess? They just can't seem to keep themselves out of the news. More holes keep getting blown out in their ship that they're desperately trying to patch. We already mentioned the situation with **Archegos**, but something that hasn't been mentioned as much is their losses associated with **Greensill Capital and their filing for insolvency on** [March 8th, 2021](https://www.nytimes.com/2021/03/28/business/greensill-capital-collapse.html)**.** + +&#x200B; + +https://preview.redd.it/fdsh2w87lkt61.png?width=947&format=png&auto=webp&s=5113442e44ba4fa74a5762de80fb87b529d62ee5 + +As a result of their bankruptcy, 50,000 people lost their jobs when it became evident that during courthouse hearing in Sydney, Australia - $4.6 billion was owed and no one was extending out a hand to loan anymore to **Greensill** (THIS IS A BIG PIECE OF THIS STORY, HOLD THIS THOUGHT FOR NOW BECAUSE THIS IS GOING TO GET CRAZY LATER ON). + +As a result different parts of **Greensill** had to be liquidated as a means to recoup costs. One of the impacted was **Greensill's** tech partner **Taulia**. **Guess who had plans to acquire them?** + +[what are they doing here???](https://preview.redd.it/jhz33vbpmkt61.png?width=860&format=png&auto=webp&s=095679127038922ac1619d382f4745d6398fffd0) + +YES **APOLLO** IS MEDDLING HERE. Now everything was going according to plan for **Apollo**, seems like they'd be able to get a pretty cheap cost of entry on **Taulia** who from their site: + +&#x200B; + +>*"* ***Taulia*** *is a financial technology business that provides working capital management, electronic invoicing, supply chain finance, and dynamic discounting services. The company helps* ***buyers and suppliers accelerate payments****, improve supply chain health, and* ***unlock trapped cash. "*** + +&#x200B; + +But **SURPRISE!** + +&#x200B; + +[https:\/\/www.reuters.com\/article\/us-britain-greensill-apollo-idUSKBN2B4233](https://preview.redd.it/bakrkhoimkt61.png?width=962&format=png&auto=webp&s=fc2aefebb0a91ba9491a3f820cef0f5975c4b722) + +&#x200B; + +**YOINK**. JPMorgan decides to play the uno reverse card and that they want **Taulia** on their side too. Oh and it turns out **UniCredit + UBS Group** want a piece of the action as well. + +Don't forget who are the two major institutional owners of **JPMorgan**... + +[if it isn't our boys BlackRock, and Vanguard. Source: https:\/\/fintel.io\/so\/us\/jpm](https://preview.redd.it/rbccdb5eqkt61.png?width=1245&format=png&auto=webp&s=074655ed2767fc33c72a139c6c2ff0e1eed43d08) + +As a side note did I mention that **UBS** is the direct competitor of **CreditSuisse** in Switzerland and that the two are planning a merger? [https://www.fnlondon.com/articles/ubs-chair-axel-weber-says-a-merger-with-credit-suisse-could-take-years-20201207](https://www.fnlondon.com/articles/ubs-chair-axel-weber-says-a-merger-with-credit-suisse-could-take-years-20201207) + +To add to all this, we now we also know that **BlackRock** is looking to [make a move on Credit Suisse](https://finance.yahoo.com/news/blackrock-blk-mulling-buy-credit-174205125.html) in the midst of this storm. This is in addition to their existing relationship with [Swiss Re](https://www.reddit.com/r/Superstonk/comments/mokvhk/chaos_theory_the_everything_connection/) ^((scroll down for more information in that thread to Section 5).) + +&#x200B; + +**MY OPINION:** From researching around it seems that for one reason or another, consolidation of banks appears to be a focus headed into the near future. **BlackRock** is looking to somehow join the narrative and become further ingrained in the banking world. This becomes especially interesting considering how **BlackRock** is positioning themselves as **the 'fourth branch of government'**. I believe I explain this relationship a bit better in anticipation of what the future is going to bring (Section 4). + +&#x200B; + +\------------------------------------------------------------------------------------------------------------------ + +**BONUS ROUND --- UK EDITION** + +\------------------------------------------------------------------------------------------------------------------ + +Just so our fellow apes in the **UK** don't feel left out of all the drama, none other than former **Prime Minister David Cameron** was heavily involved with **Greensill,** lobbying for the company. + +Just some examples of what he's being called out for: + +" + +* He [**texted Chancellor Rishi Sunak**](https://www.bbc.co.uk/news/uk-politics-56681939), asking for the company to be included in a Covid-related government loan scheme +* He also contacted Treasury ministers Jesse Norman and John Glen about the company +* He met Health Secretary Matt Hancock - along with Lex Greensill - for a "private drink" in 2019 [**to discuss a new payment scheme for NHS staff**](https://www.bbc.co.uk/news/uk-56706619) + +" + +https://preview.redd.it/pfx79zobukt61.png?width=634&format=png&auto=webp&s=ec03360f53875e1112c7ae5bf03c7b4c7b34cf39 + +**IT NEVER ENDS DOES IT.** + +&#x200B; + + + +Now back to our friend **GARY "GG" GENSLER** and how this all potentially plays together. + +\------------------------------------------------------------------------------------------------------------------ + +**Section 3 --- Gary Gensler --- GG GLHF** + +\------------------------------------------------------------------------------------------------------------------ + +Now I'm not going to go into too much depth here about **Gary** himself; apes have done a TON of [research already](https://www.reddit.com/search/?q=gary%20gensler) in this regard. If you're not familiar with him, please have a read of other apes work and then come back. + +https://preview.redd.it/ygmigp4eskt61.png?width=1262&format=png&auto=webp&s=b65c53abdfe30e9a5f6f761d9cc09f866154eefe + +For a short synopsis from ape /u/AAces_Wild (I totally agree with their statement [here](https://www.reddit.com/r/Superstonk/comments/mq7nto/who_is_the_new_sec_chair_gary_gensler_my/)): + + +>*"Fellow apes, please warmly welcome Professor Gensler to the SEC. If there’s anyone I would trust to wield the power as SEC chairman while closing loopholes, protecting investors, and policing the largest financial center in the world, it’s Gary Gensler.* +> +>***Key Takeaways****: Gary has extensive expertise in the prosecution of big banks and has shown support for market transparency. Without hesitation, I believe he's the man for the job. Gary is good.* +> +>*As Gary likes to say: "Markets work best when there's a cop on the beat.""* + +I would add to this that he also has a fairly deep background in crypt0-currencies which explain the recent movement of **C0inBase** and the currencies associated with it. **Gary** is very likely to implement new legislation that favors crypt0. He's also fairly knowledgeable about darkpools and their inner workings. + +One of the major concerns that I have however is that **Gary** was involved with bringing the big banks to light back in 2008. To have him appear now and for such a short period of time (his contract is until June when it'll be renegotiated) raises a bit of a flag. + +There is another point here that is of concern, but before we get into it... + +**DISCLAIMER DISCLAIMER DISCLAIMER DISCLAIMER DISCLAIMER** + +**POLITICS ARE ALL SCREWED --- THIS ISN'T AN ARGUMENT OF LEFT VERSUS RIGHT. BOTH SIDES HAVE INVOLVEMENT WITH WALL STREET AND ACCEPTS BRIBES. REMEMBER APES ARE TOGETHER BECAUSE WE ARE FIGHTING A CLASS WAR REGARDLESS OF RELIGION, GEOGRAPHY, BELIEFS. WE WANT A BETTER LIFE FOR EACH OTHER.** + +&#x200B; + +Fellow ape /u/justoneshyboy, dug into all those who voted 'Nay' against the election of **Gary Gensler** as the new chairmain. + +Here's what they [found](https://www.reddit.com/r/Superstonk/comments/mqps6r/are_these_donations_from_kenneth_griffin_to/): + +https://preview.redd.it/jlg3u9td2lt61.png?width=699&format=png&auto=webp&s=1fa70a08ae2f1f66801057e866a5f3cb191098c3 + +As it turns out, Kenny boy has donated to majority of the 'nay' sayers. Of course, this was bound to happen considering **Gary** was selected on behalf of the democrats. Where does this lead us to? + +Well one of the major topics of focus come from this clip of **GG** himself; give this a quick watch for about 2 minutes: + +[https:\/\/youtu.be\/b\_GcpsIyQFc?t=1425 from 2014 ](https://preview.redd.it/4i2q1efa4lt61.png?width=977&format=png&auto=webp&s=d807532d35de00f69ef8b4a2713947fbd50bab54) + +[https://youtu.be/b\_GcpsIyQFc?t=1425](https://youtu.be/b_GcpsIyQFc?t=1425); a quote directly from **Gary** in the video: + +>"Today the CFTC announced it's fifth settlement with a bank for **pervasive rigging interest rates** \[...\] these interest rates called the **London Inter-Bank Offer Rate (LIBOR)** is a **critical reference rate for the U.S. economy.** Student loans are sometimes tied to them, mortgages are tied to them, small business loans, and yes 70%; **seven-zero** of the international derivatives market, futures, swaps are tied to LIBOR" + +# REMEMBER THESE TWO THINGS MENTIONED IN ASSOCIATION WITH EACH OTHER: + +* "PERVASIVE RIGGING INTEREST RATES" +* "**London Inter-Bank Offer Rate (LIBOR)"** + +&#x200B; + +**MY OPINION:** Look at what's happening with the bond market in the last few days in [China](https://www.reddit.com/r/Superstonk/comments/mqcfxr/huarong_asset_mgmt_is_failing_i_think_this_is_the/?utm_medium=android_app&utm_source=share) and the [U.S.](https://www.reddit.com/r/Superstonk/comments/mrm243/jpmorgan_to_sell_13_billion_of_bonds_in_largest/) (more on this in /u/Captain_Omar 's [post](https://www.reddit.com/r/Superstonk/comments/mrm243/jpmorgan_to_sell_13_billion_of_bonds_in_largest/)) --- With so much of the world's loan market tied up in this "LIBOR", why is it a big deal now? Well we know that the CFTC is the one establishing settlements for any rigging of game that may be taking place within interest rates. + +**Oh right, and the former chairman of the CFTC now works at Citadel was in charge of policing this for the last 4 years. In addition, what are the chances he's intertwined with the congress members who've received donations from Citadel do you think? Seems like this LIBOR thing might be a problem for certain parties?** + +&#x200B; + +Okay so something's up, what is **LIBOR** anyways? This leads us into Section 4. + +\------------------------------------------------------------------------------------------------------------------ + +**Section 4 --- LIBOR vs SOFR --- Global Financial Evolution** + +\------------------------------------------------------------------------------------------------------------------ + +Take a breather here if you haven't already. This is a lot of information in digest and **LIBOR (London Inter-Bank Offer Rate)** is not a light topic. Thank you /u/RegularJDOE1234 & /u/HCRDR on further research into this. + +&#x200B; + + **There is about $350 - 400 trillion (yes that is TRILLIONS with a T, about 4x the size of the global economy) tied up in it.** + +A short explanation of what **LIBOR** is: + +>" Libor is an average interest rate calculated through submissions of interest rates by major banks across the world. " + +IN 🦍 SPEAK, GRAB YOUR 🖍's IT'S TIME GO TO🏫🎒. Interest is something all of us have dealt with in one fashion or another. Credit card payments, mortgages, student loans. The concept is all the same. You borrow money from the bank, and they tell you that you'll be paying a fee monthly (known as the interest rate) on top of the money you've loaned out from them. On top of this you get told what your interest will be ahead of time (forward looking interest rate) so you know what to expect your bill to be. + +Now the reason **LIBOR** is a problem is that it can easily be gamed and has been for quite some time. It also doesn't adjust for another crazy shit that might happen until the next payment period. If the economy crashes in that time frame and you're still paying a super low interest rate because of a contractual agreement, the banks lose BIG TIME. Directly from Wikipedia on the "[LIBOR Scandal](https://en.wikipedia.org/wiki/Libor_scandal)": + +>*" The scandal arose when it was discovered that banks were falsely inflating or deflating their rates so as to profit from trades, or to give the impression that they were more creditworthy than they were.*[*\[3\]*](https://en.wikipedia.org/wiki/Libor_scandal#cite_note-3) *Libor underpins approximately $350 trillion in* [*derivatives*](https://en.wikipedia.org/wiki/Derivative_(finance)) +> +> *The banks are supposed to submit the actual* [*interest rates*](https://en.wikipedia.org/wiki/Interest_rate) *they are paying, or would expect to pay, for borrowing from other banks. The Libor is supposed to be the total assessment of the health of the financial system because if the banks being polled feel confident about the state of things, they report a low number and if the member banks feel a low degree of confidence in the financial system, they report a higher interest rate number."* + +REMEMBER THIS, the interest rate drops to low percentages when the market is confident or is looking to inject growth (like how it is now); the inverse happens when the market is fearful (higher rate = higher cost of borrowing money usually). This is like letting your buddy Good Guy Greg borrow 20 bucks versus your half-cousin twice removed, Scumbag Steve. + + The banks here would deliberately rig the interest rates between each other in order to get massive loans to profit from (they basically are making themselves appear like Good Guy Greg to everyone around them, when in reality they're stealing your wallet out your back pocket). **THE LIBOR SYSTEM IS WHAT ALLOWS FOR THIS TO HAPPEN**. As it turns out, a lot of people are fed up with this and want see it changed for good reason as seen below... + +&#x200B; + +**WORTH NOTING:** + +**LIBOR was a massive playing piece involved in the 2008 financial crises, this quote is directly from the congressional hearing on the matter:** + +>*"* ***The LIBOR’s self-reporting structure has created opportunities for individuals or institutions to manipulate or falsify data****. In the wake of the 2008 financial crisis, upon discovering a widespread culture of LIBOR manipulation built around industry relationships, U.S. and U.K. regulators settled with various banking institutions, including some of the world’s largest banks such as Barclays,* ***JP Morgan Chase****, Citigroup, and* ***UBS*** *over allegations that these institutions manipulated the* ***LIBOR*** *by* ***pressuring their colleagues to report artificially low or artificially high interest rates in order to manufacture trading opportunities. "*** + +Talk about the timing of **Gary Gensler** coming back into the picture right? One of the few people in the **SEC** who directly dealt with this type of scenario before. + +&#x200B; + +**FEAR NOT, HERE COMES THE EVOLUTION OF THIS SYSTEM** + +&#x200B; + +Introducing **SOFR (Secured Overnight Financing Rate**)!!!!! This is a MASSIVE 200 trillion dollar transition that will take place over the next few years. + +**OH and it almost imploded the entire fucking market the first time it was attempted to be implemented back in 2019** [https://www.federalreserve.gov/econres/notes/feds-notes/what-happened-in-money-markets-in-september-2019-20200227.htm](https://www.federalreserve.gov/econres/notes/feds-notes/what-happened-in-money-markets-in-september-2019-20200227.htm) + +https://preview.redd.it/1iys92uydlt61.png?width=847&format=png&auto=webp&s=b665c6a6ad3e31a2a17d00213b39aa8c9b41b61b + +&#x200B; + +And it looks like they just had a hearing on this evolution just YESTERDAY. + +[https:\/\/www.youtube.com\/watch?v=igmJ-SFvyRU two hours worth of content, watch at your own risk](https://preview.redd.it/o95qmiuehlt61.png?width=1321&format=png&auto=webp&s=9ec410ff456ef126517f16496a1d5efef3a8289b) + +I watched them talking about it live, I would be lying if I told you it was a thrilling piece of entertainment. Watch it if you're really curious and want to get a deeper understanding of what's at stake. + +&#x200B; + +What this means is SOFR will change how interest rates are calculated. + +Yet again in a very simple explanation: if **Libor** is "forward-looking" meaning you get an interest rate ahead of time (you know exactly what your payment will be) - **SOFR** is the inverse, meaning it's "backward-looking". + +**WHAT THIS MEANS IS THAT BANKS AND OTHER PARTICIPANTS WILL NOT KNOW WHAT THEIR MONTHLY PAYMENT FOR THEIR LOAN WILL BE(for example) UNTIL THE DAY OF PAYMENT (**From reading I believe it's about 5 days prior, I could be wrong)**. THIS IMPLIES THAT THE RATE THEY WILL HAVE TO PAY FLUCTUATES ON A DAILY BASIS. THIS DAILY FLUCTUATION WILL BE BASED OFF THE** [DAILY TRESURY YIELD RATE](https://www.treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=yield). This transition is expected to be completed by 2023, however no new contracts can be written under Libor as of... [MARCH 31ST, 2021.](https://www.reddit.com/r/GME/comments/mgb1m6/citadel_2019_but_still_leaves_the_bread_crumbs/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + +&#x200B; + +To illustrate this point, the image below shows how much more "variable" (dynamic) the rate (in blue) will be, versus the fixed variant (in red) of it we see today. + +https://preview.redd.it/6m5o0b3oflt61.png?width=809&format=png&auto=webp&s=6c270866374c63e568ae0f310b56dd660522e6f9 + +This solves two things: + +1. If the market fluctuates in the time that a loan was given, the banks will not be put into a vulnerable position nor profit from it. Think of this as a "we ride together, we die together" type of scenario. They'll be impacted as much as any of us should the market take a down turn or rise. +2. The rates can no longer be gamed as easily because they're no longer based off self-report data, but rather the rate of the daily treasury yield on the market. + +Now here's the thing, we should've already started transitioning to this new system over quite some time. The fed wanted all the new loans being given out in the last year to be already implemented through SOFR, but instead the banks chose to STILL tie them to **Libor**. But wait a minute some of these are 3-year, 5-year loans; but **Libor** will only be around for another 2 years. Sounds like it can be another problem in the making and the banks don't want to face reality yet. **Knowing this it's not surprising they posted such great earnings right? Easy to make the picture look pretty when it's full of shit.** + +Watch about 45 seconds of this clip for concerns coming straight from **Grant Thornton UK** on the matter. + +[https://www.youtube.com/watch?v=HAf6Bk5szIk&t=1245s](https://www.youtube.com/watch?v=HAf6Bk5szIk&t=1245s) + +&#x200B; + +HERE'S THE REASON MANY ARE TERRIFIED AT WHAT THIS WILL MEAN FOR THE MARKET: + +>*"I think it's fair to say that people like myself are getting a bit of an odd feeling in the gut about what is going on about some of these books - so to drive transparency there, the cyclical quarterly testing on impairments and cogence the data will be out in June, and I think the views we have are that some of the borrowers will fail." --- Grant Thornton UK Advisor \[Source:* [*https://www.youtube.com/watch?v=HAf6Bk5szIk&t=1553s*](https://www.youtube.com/watch?v=HAf6Bk5szIk&t=1553s)*\]* + +&#x200B; + +LONG STORY SHORT; THEY'RE WORRIED THAT WHEN BANKS AND BUSINESSES ARE FORCED TO PAY THE ACTUAL RATES OF THE MARKET (and not their made up ones) BECAUSE OF THE LIBOR -> SOFR TRANSITION, THAT THEY WILL NOT HAVE THE CASH ON HAND TO MEET THE **SOFR** REQUIREMENTS AND RUN INTO SERIOUS FUCKING TROUBLE. THIS IS SIMILAR TO WHAT HAPPENED ALREADY IN 2019. + +**NOT ONLY THIS, THE PEOPLE WHO BORROWED MONEY WILL BE STRESS TESTED ON A REGULAR BASIS (think monthly/quarterly) TO SEE IF THEY ACTUALLY CAN SUPPORT A HIGHER INTEREST RATE SHOULD THE MARKET GO TO SHIT. Once again no new contracts can be written under Libor as of...** [MARCH 31ST, 2021.](https://www.reddit.com/r/GME/comments/mgb1m6/citadel_2019_but_still_leaves_the_bread_crumbs/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) + +**YOU WILL NOW SEE THE MARKET STARTING TO DELEVERAGE THEIR LOANS IN ORDER TO HAVE MORE CASH ON HANDS TO MEET THESE SOFR REQUIREMENTS AS QUICKLY AS POSSIBLE. THIS EXPLAINS WHY** [JPMORGAN AND OTHERS ARE SELLING BONDS AFTER 'STELLAR' EARNINGS](https://www.bloomberg.com/news/articles/2021-04-15/jpmorgan-to-sell-13-billion-of-bonds-in-largest-bank-sale-ever) **(once again still in a Libor system). This would also explain why BlackRock is the heaviest in cash they've ever been. The reintroduction of Gary Gensler during this timeframe, is a concerning one as he dealt with the 2008 crash once before which involved LIBOR.** + +&#x200B; + +EDIT: Bank of America just posted a 15 billion dollar sale of bonds couple of hours ago; the dominos are starting to fall [https://www.bloomberg.com/news/articles/2021-04-16/bofa-to-set-record-for-largest-bank-bond-sale-at-15-billion](https://www.bloomberg.com/news/articles/2021-04-16/bofa-to-set-record-for-largest-bank-bond-sale-at-15-billion) + +&#x200B; + +**Now the question becomes, who's already caught in the web?** + +&#x200B; + +\------------------------------------------------------------------------------------------------------------------ + +**FINAL SECTION --- THE GREAT TRAP** + +\------------------------------------------------------------------------------------------------------------------ + +&#x200B; + +**My Opinion: I believe that many of the "bad" hedge funds, took on massive risks with expectations that the 7rump administration would get re-elected and prolong the need for transitioning to SOFR and others (involving the former SEC + CFTC chairmen). This would give them ample amount of time to make profits on the companies (and banks?) they bankrupt.** + +It appears to me that they didn't properly hedge their risk for any other outcome. + +Now lets have a look at who might have abused the low interest rates fabricated by banks, and provided collateral with rehypothecated assets? + +Well a good place to start looking is to see who's grown the most in the last year. + +we have a pretty good starting point as we've seen in /u/yosaso's post about the [war to control the DTCC](https://www.reddit.com/r/Superstonk/comments/mouj57/there_is_a_war_to_control_the_dtcc_and_gme_is_the/guoqi9g/?context=3): (I'm just renaming these teams for the sake of vulgarity, and adding some names) + + + +>**TEAM Good Guys** +> +>JP Morgan, BOA, Morgan Stanley, State Street, Vanguard, BlackRock, Goldman Sachs +> +>**TEAM Bad Guys** +> +>Citadel, Virtu, Citi, Susquehanna, Melvin, Apollo +> +>**TEAM UNKNOWN** +> +>BNY Mellon - 2 + +&#x200B; + +Here are the good guys, seems like pretty stable growth since last year right roughly returning to where they were before + +https://preview.redd.it/rjpdxjm84mt61.png?width=1407&format=png&auto=webp&s=99d1541144ccf2a82a72f3c6224c2960f564aee8 + +&#x200B; + +**NOW HERE ARE THE BAD GUYS. WHOA THEY JUST RIPPED OVER THE LAST YEAR.** + +[WOW WHAT GROWTH!](https://preview.redd.it/oylkww7v4mt61.png?width=1401&format=png&auto=webp&s=999644f9899dac07da6f3bca164772eed745a0d0) + +Growth over the last 4 quarters: + +Good Guys: + +|Company|Growth Since Q1 2020| +|:-|:-| +|State Street|42.8%| +|Vanguard|46.9%| +|BlackRock|53.3%| + +&#x200B; + +Bad Guys: + +|Company|Growth Since Q1 2020| +|:-|:-| +|Apollo|78.4%| +|Melvin|80.5%| +|Susquehanna|94.8%| + +&#x200B; + +Now we plug in /u/atobitt 's ["Everything Short"](https://www.reddit.com/r/GME/comments/mgucv2/the_everything_short/) thesis here. I believe Hedge Funds have been taking advantage of the low interest rates that are being gamed. They decide they're going to take this to a whole new extreme through rehypothecation and the repo market. + +MY OPINION: THIS IS MONEY THEY'RE NEVER GOING TO BE ABLE TO PAY BACK. CITADEL AND FRIENDS ASPIRED TO REACH THE GRAND SIZE THAT THE LIKES OF BLACKROCK AND VANGUARD ARE THROUGH ANY MEANS NECESSARY. I BELIEVE THEY'VE TAKEN ON MASSIVE RISK AND ARE NOW BEING CLOSED IN ON BY THE DTCC + THE SEC WITH THE SOFR ADJUSTMENT. + +THEY'VE PUT MULTIPLE BANKS AT HUGE RISK A BLOWING UP ON FAKE BONDS --- IT'S ONLY A MATTER OF TIME BEFORE SOFR DROPS THE BOMB ON THEM. I believe this is the reason why BlackRock and Co have been pushing for "max pain" each week; this is so that it makes it impossible to keep up with SOFR interest rate requirements. + +\------------------------------------------------------------------------------------------------------------------ + +As time progresses I believe we will see more evidence of multiple parties attempting to deleverage their positions before 2023. Coincidentally **GameStop** has just paid off all their debt that was due that exact year. + +So this becomes a two pronged problem; + +1. Assets are being rehypothecated which are being used as collateral +2. Banks are providing absurd interest rates off the old LIBOR system instead of SOFR; this has resulted in the taking on a position that will be extremely difficult to get out of. + +As we can see they're fighting against these changes through politics, but it appears they've brought in **Gary Gensler** to kick some ass. + +&#x200B; + +&#x200B; + +TLDR: DIAMOND HANDS APES. 💎✋ + +&#x200B; + +***NOT FINANCIAL ADVICE*** +The following is taken from this post: https://redd.it/q8pu47 + +All credit goes to u/StonkCobain + +Hello Fellow Apes, + +October 13, 2021 Self-Regulatory Organizations; New York Stock Exchange LLC; Notice of Filing and Immediate Effectiveness of Proposed Rule Change to Amend Its Rules to Add New Rule 7.13 + +Link: + +https://www.nyse.com/publicdocs/nyse/markets/nyse/rule-filings/sec-approvals/2021/%28SR-NYSE-2021-60%29%2034-93309.pdf + +Lets go directly to this part: + +​ + +https://preview.redd.it/0skj6qo7kmt71.png?width=624&format=png&auto=webp&s=c4d3369cf9915df61ad1c7387ba836f8c0ef66a4 + +Who is the Chair of the Board of the Exchange? + +Jeffrey Sprecher + +​ + +https://preview.redd.it/g1slksq8kmt71.png?width=623&format=png&auto=webp&s=9fc33cdba608acc233edf1d29eec0a3c4e4a3ba6 + +And who is he married to? + +​ + +https://preview.redd.it/7tb8dwm9kmt71.png?width=440&format=png&auto=webp&s=c1ecb69c75d0eb7e1af3457ef04e5e2df31bd624 + +Kelly Loeffler + +https://preview.redd.it/f0ycqjbgkmt71.png?width=623&format=png&auto=webp&s=83d91830a303646b76b7f22550f997bb8f278298